0x ZRX

$0.6891
Market Cap $ 376.354 MM (#24)
24h Volume $ 7.134 MM
Chg. 24h: -4.05%
Algo. score 4.5/5  (#2)
Show Quick Stats

0x News

Crypto Week In Review: SEC Fines EtherDelta, Binance To Attract Institutions

The crypto market may have stagnated, but this industry’s innovators have continued to incessantly beat the “BUIDL” drum, as pro-crypto developments were as present as ever throughout the past week. Crypto-Friendly Governors Elected In Colorado, California To many crypto savants, the modern political scene, which promotes centralization and censorship in some cases, is far from a topic of importance. But, as Tuesday’s U.S. midterm results have rolled in, the ears of cryptocurrency enthusiasts have metaphorically perked, as it was revealed that two pro-Bitcoin/crypto politicians have been sworn into office in the nation’s highest levels of government. Colorado’s Jared Polis (Democrat), who is America’s first openly gay governor, was the first crypto-friendly politician to be elected into Congress. Polis, who is arguably one of the most progressive governors on America’s political stage, has long been a fan of cryptocurrencies and is open to aiding the asset class on a regulatory stage. In 2014, the Boulder, Colorado native explained that he would do everything in his power to hamper the propagation of anti-Bitcoin policies, whether it be through rallying against governmental agencies or touting the benefits of crypto assets and its associated technologies. And even in spite of the relative age of the aforementioned claim, the politician’s pro-crypto views have persisted well into 2018, even to this day. In February of this year, NewsBTC reported that the Colorado governor requested for Congress to draft a guideline for crypto holding disclosures. Although this could be seen as an anti-crypto move, especially considering that this industry values pseudonymity, at the time, the lawmaker claimed that the growing legitimacy of crypto necessitated the body to take appropriate action. Alongside Polis is Gavin Newsom (Democrat), one of the first politicians to open his war chests to accept Bitcoin (BTC). Newsom, similarly to Polis, is now governing California. Considering that California is a hotspot for innovation, with the Bay Area and Silicon Valley being world-renowned for its proclivity for all things tech (crypto included), Newsom’s office could catalyze the widespread use of blockchain technologies and crypto assets in the region. Although two is far from a crowd, and Newsom’s acceptance of BTC donations is far from all-in, these governors could be the match that sparks regulatory change in favor of crypto assets. Binance Aims To Attract Institutions Although Binance is primarily for being the biggest crypto exchange platform in the world, on Thursday, the Malta-based company revealed that it would be launching Binance Research, a division focused on providing consumers with “quality analysis on cryptocurrencies and the blockchain projects they represent.” The launch of its new arm, which was preceded by Binance Info and Binance Academy, will allow the company to embark further on its goal to spread the good word of blockchain technologies. And, as put by an official blog post pertaining to the matter: “The main goal is to increase transparency and accuracy of information in the cryptocurrency and blockchain space. We believe delivering consolidated, comprehensive reports for cryptocurrency tokens and projects will be a huge step forward in leading the blockchain community to deeper understanding and more insights.” Just a day after the startup’s aforementioned announcement, Binance revealed its plans to lay the groundwork for the arrival of institutional investors and the capital that they manage. In an announcement outlining Binance’s plans, it was explained that the firm intends to further its ambition to build the technological foundation for institutional adoption, while also offering unique benefits and rewards for Corporate Accounts. SEC Fines EtherDelta Founder, Regulatory Concerns Mount In a regulatory action straight out of left field, the U.S. Securities and Exchange Commission (SEC) has formally charged Zachary Coburn, the founder of EtherDelta, for operating an unregulated and unlicensed securities exchange. Per a press release from the governmental agency, EtherDelta’s move to support ICO Ethereum-based tokens, which the SEC classifies as securities as per the agency’s 2017 DAO report, resulted in this harsh regulatory stance. Although supporting ICO tokens may be fine in some cases, EtherDelta was never officially registered or licensed with the SEC. Stephanie Avakian, Co-Director of the SEC’s Enforcement Division, spoke on the matter, noting: “EtherDelta had both the user interface and underlying functionality of an online national securities exchange and was required to register with the SEC or qualify for an exemption.” Coburn will reportedly have to pay a $300,000 disgorgement fee, along with $13,000 in prejudgment interest and a $75,000 penalty, to satisfy the SEC’s needs. However, some have argued that Coburn essentially got off scot-free, as he was fined a total of $388,000 for facilit

12 hours ago

The Daily: BCH Outpaces LTC, Where Next for DEXs?

Saturday’s edition of The Daily builds upon some of the stories that have been developing all week. The last few days have been action-packed, with the coming Bitcoin Cash upgrade dominating the news cycle. We’ll take a look at how BCH has been faring as a payment network compared to Litecoin, and also check in on the health of decentralized exchanges in the wake of Etherdelta’s SEC smackdown. Also read: ‘Asia’s Amazon’ Starts Using Bithumb’s Payment Service for Cryptocurrency Users Bitcoin Cash Maintains Higher Onchain Volume Than Litecoin Cryptocurrency analytics site Coinmetrics.io has shared a side-by-side comparison of how the Bitcoin Cash (BCH) and Litecoin (LTC) networks have been performing since the start of the year. The chart shows that since April, BCH has outstripped LTC for onchain volume, when expressed in dollar terms. “From May 2018 onwards, Litecoin went into relative disuse while Bitcoin Cash’s usage remained robust,” tweeted Coinmetrics. BCH is shown in blue alongside LTC in grey By July, litecoin’s onchain volume had dropped to around $60 million per day, while bitcoin cash was recording over $170 million. The data, which has been adjusted to remove the BCH stress test that may have otherwise skewed things, show’s litecoin’s volume to have plummeted sharply from October, while BCH’s surged towards the $200 million mark, aided by renewed interest due to the forthcoming Nov. 15 fork. Troubled Times for Decentralized Exchanges The SEC’s decision to penalize Etherdelta founder Zachary Coburn for selling unregistered securities on his decentralized exchange (DEX) has given other operators pause for thought. While DEXs, like all cryptocurrency exchanges, have been monitoring the regulatory climate closely for some time, the near-$400,000 fine imposed on Coburn has spurred other DEX teams into action. On Nov. 8, decentralized token trading protocol 0x released a statement in response to the case, writing: 0x protocol is a technical standard for peer-to-peer exchange of blockchain-based tokens ... our belief is that relayers are in the best position to determine how to utilize the 0x protocol, which types of tokens they want to make available to their users, and how to follow the legal requirements applicable for those tokens and users. The statement continued: “Both centralized and decentralized exchanges can learn from the Etherdelta case. The guidance from the SEC provides confirmation that legal requirements must be followed if certain tokens meet the definition of a security ... the industry is working through the best way to do that and we plan to be part of the effort to help educate regulators about the technology.” The head of the SEC’s new cyber unit, Robert Cohn, has also commented on the Etherdelta case, saying: “The focus is not on the label you put on something or the technology you’re using. The focus is on the function, and what the platform is doing. Whether it’s decentralized or not, whether it’s on a smart contract or not, what matters is it’s an exchange.” Predicting ETH’s Price Based on ‘Abnormal’ Movements The question of whether large cryptocurrency exchange deposits presage a drop in price has been a matter of debate for months. A number of Telegram and Twitter bots alert traders to such activity, with a view to providing advance warning of an impending dump. Coinfi has just published new research into the matter, in a bid to resolve the question “Can abnormal movements of ETH in or out of exchanges predict ETH price movements?” The red dots show the number of times Coinfi’s signal was triggered, predicting an ETH drop. They explain: “When looking at intraday returns on the day of the signal trigger, [ETH] prices tended to go down. But looking at the next day returns, price tended to go back up,” before concluding “Abnormal movements of ETH into or out of exchanges does have a correlation to prices ... the first 24 hours would generally correspond to a decrease in prices, while the next 24 hours would generally correspond to a recovery in ETH prices.” It seems, at least in the case of ethereum, that there may be some wisdom in watching for whales sending huge sums to cryptocurrency exchanges. What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below. Images courtesy of Shutterstock, Coinmetrics.io, Coinfi. Need to calculate your bitcoin holdings? Check our tools section. The post The Daily: BCH Outpaces LTC, Where Next for DEXs? appeared first on Bitcoin News.

2 days ago

Podcast Transcript: DDEX Co-Founder Bowen Wang on building on 0x from China, approaching Beijing regulators and hiring developers and community members in China

Checkout our Latest Podcast with DDEX Co-founder Bowen Wang We are delighted to bring you our latest podcast with Bowen Wang, founder and COO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x Protocol each month and ranks 13% of trades amongst decentralized exchanges, 2nd after IDEX. In this episode, Bowen and I discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowen‘s advice on approaching Chinese regulators for blockchain projects, and insights on hiring developers and community members out of China. New DDEX Wallet: Bringing Decentralized Trading To Mobile Basic DDEX trading: DDEX Trading — Getting Started Joyce Yang I’m your host Joyce Yang and our guest today is Bowen Wang, co-founder and CEO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x protocol each month. In this episode, we discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowens advice on approaching Chinese regulators for Blockchain projects and insights on hiring developers and community members out of China. Bowen Wang Hello, this is Bowen Wang from DDEX. I’m the co-founder and CEO of DDEX. I graduated from NYU 2 years ago and before starting the company, I used to work at Zhenfund, which is Sequoia’s early venture firm investing in early stage companies. And back while I was in Zhenfund, I was specifically looking into the Blockchain company and also Blockchain related app company. So I was the first one who actually invested in ImToken and also Lino and also many of the other projects in the Blockchain space. And then we started a friends and family fund by ourselves, and then we discovered that few people hold their tokens long term. They have to have a marketplace to buy and sell. And so over the course of a weekend, we had 3 co-founders come together just trying to build a decentralized exchange in Starbucks. And then we figured out that it’s actually something that’s workable and then we quit our job and put our full hands on it. So then we got the investment from Initialized Capital and also Zhenfund for seed round funding, and we launched it in January 2018. And since then we have been up and running for more than 10 months already and also we have like have aggregating volumes for more than 400 million dollars. Joyce Yang Wow! That’s great. And just to give our listeners a quick understanding, you’re based in China right now with your team. And how big is your team? Bowen Wang So right now we’re based in Beijing. And the Beijing team has more than 25 members. Joyce Yang Wow! That’s quite big. And you grew that from 3 people since raising funding last year essentially. Bowen Wang Yeah, since 12 months ago. Even before like 6 months ago we only had like 8 people. Joyce Yang Yeah, that’s great. Just at a high level, how’s the crypto market in China right now? You kind of see a lot of what’s going on the East as well as in the West, and you are based in Beijing where you know a lot of the government officials and regulations are actually made. If you could give an idea what’s going on and the crypto regulations product, also the Blockchain development front. Bowen Wang Let’s talk about like the government policy. For now, the one top priority for the government is to stop the Fiat entrance for crypto market, which means that you cannot buy Bitcoin or Ethereum from any kind of central exchange just like people in the U.S. use Coinbase. And the reason why is that they want to stop like capital outflow or money laundering activities from a macro perspective, but from a development perspective, there have been really a growing number of developers coming to Ethereum and learning about solidity and there’s many. So like on Coin market cap of the top 100 Tokens, like 30 percent of them are coming from China. So there’s many other new layer-one blockchain teams that are trying to kind of revolutionized EOS or ETH from different architecture like DAG or DPOS. And there are also different like layer 2 protocol, which actually wants to do a scalability solution on Ethereum. And also there are many of the D-Apps coming up like Cryptokitties is in China and also like the U.S. developer community are really huge in Asia and people are developing U.S. wallet US D-App, US gambling game. And also kind of 30 percent of the U.S. Block producers are located in China. And as you all know, Bitmain is in Beijing, most of the majority of the mining pools are located in China and also there’s a huge line of like a manufacturing mining in the middle of nowhere like southeast China and Northeast China in the markets. Joyce Yang So you’re saying that the Blockchain community is very strong from what you’re seeing in China. Bowen Wang I always say it’s substantial, and also Bitmain is looking into IPO in Hong Kong markets either by the end of this year or at the b

2 days ago

Coinbase.com Adds Brave’s BAT Leading to Traders ‘Selling the News’

Basic Attention Token (BAT) has created a name for itself thanks to revolutionizing and starting web 3.0 by being the native currency of the decentralized web browser Brave. Now it comes into mainstream trading by being listed on Coinbase a week after being listed on Coinbase Pro. Coinbase made the announcement, stating that its users can now buy, sell, trade and transact with BAT on its cryptocurrency exchange platform on desktop along with the mobile versions. However, BAT will not be available for trading for residents in the state of New York on both Coinbase and Coinbase Pro as of now. As per Coinbase’s current listing BAT is added in a list which includes, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), USDC and ZRX. Coinbase is currently working on accelerating the crypto asset addition on its exchange platform. Coinbase added 0x in October, to start the initial stages of adding ERC-20 tokens. The same month concluded with an addition of Coinbase’s stablecoin with Circle called USDC which is pegged to the U.S Dollar. Zerocrypted Opinion - BAT being added on Coinbase Pro saw the price rising from $0.25 to $0.36 however following the announcement on Coinbase Consumer BAT fell by more than 8.5%. The primary reason was the cashing out of gains by investors. The phenomenon known as ‘buy the rumour, sell the news’ has repeated once again. People bought at the time of rumours that BAT will be included in Coinbase Consumer Currently at the time of writing BAT has seen a fall in price at $0.295685 as compared to $0.363909 about 15 hours back. With such patterns, it will be interesting to see what levels ZCash (ZEC) increases when listed on Coinbase PRO and then what levels it will fall after it is listed on Coinbase.com. Image Source - Flickr The post Coinbase.com Adds Brave’s BAT Leading to Traders ‘Selling the News’ appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

2 days ago

Basic Attention Token Nosedives 20% Amidst SEC Crackdown Concerns

The native cryptocurrency token powering the Brave browser, Basic Attention Token, has fallen 20% overnight over concerns stemming from the SEC’s recent crackdown. BAT Faces Deep Correction After Coinbase Listing Surge While Bitcoin and much of the rest of the cryptocurrency market continue to struggle to break out through long-term downtrend resistance, Basic Attention Token (BAT), has been on quite a run in recent weeks starting around the beginning of October in anticipation of a potential listing on San Francisco-based cryptocurrency exchange Coinbase. BAT, which powers a crypto token economy through the Brenden Eich-developed Brave browser, started the month of October at roughly 16 cents, but has since more than doubled in value as Coinbase added the token for trading on its various platforms. BAT appeared unstoppable, reaching a price of 36 cents each at its recent peak. However, BAT is now correcting, plummeting over 20% overnight to 29 cents per token. Related Reading: BAT’s Brendan Eich Not Affected By Bear Market Coinbase listed BAT for trading last week, which helped to send the price of the token skyrocketing as retail investors FOMO-ed into the sub-$1 cryptocurrency. When a new coin gets listed on Coinbase, it often experiences a massive surge - such was the case with decentralized exchange token ZRX - followed by a large correction. However, BAT’s correcting is deeper than normal, suggesting there could be more at play than simple profit taking. Security Token Scare Sends Shockwave Throughout Crypto Landscape Basic Attention Token is an Ethereum-based ERC20 token. Yesterday, news broke that Zachary Coburn, founder of the decentralized cryptocurrency exchange EtherDelta was charged by the United States Securities and Exchange Commission for operating an unregistered securities exchange. Coburn was forced to settle with the SEC and agreed to pay $300,000 in disgorgement, $13,000 in prejudgment interest, and a $75,000 penalty. The SEC’s move was the first of its kind, and proves that not even decentralized cryptocurrency exchanges are safe from the chief financial regulator’s oversight. The SEC’s order specifically mentions that EtherDelta’s users made over 3.6 million trades of “ERC-20 tokens, including tokens that are securities under the federal securities law.” The mere mention that the SEC might view certain ERC20 tokens as securities has been enough to instill investors with fear, and may be the reason for the aggressive selloff BAT is currently experiencing. The SEC views most cryptocurrencies born from initial coin offerings (ICOs) to be securities, but has since clarified that both Bitcoin and Ethereum are not deemed as such. However, the SEC has left investors uncertain about any coins beyond the top two by market cap. BAT is considered a utility token, as it’s used to power the Brave browser, but did indeed start out as an ICO. The BAT ICO famously sold out in only 30 seconds, raising $35 million in the process. The fact that BAT is an ERC20 token born from an ICO, could make it a potential target for the SEC, and that fear is enough for investors to begin dumping their BAT holdings. Featured image from Shutterstock. The post Basic Attention Token Nosedives 20% Amidst SEC Crackdown Concerns appeared first on NewsBTC.

2 days ago

Coinbase Adds Basic Attention Token (BAT) to Its Retail Trading Platform and Mobile Apps

CoinSpeaker Coinbase Adds Basic Attention Token (BAT) to Its Retail Trading Platform and Mobile Apps U.S.-based crypto exchange and wallet provider Coinbase has always been working on expanding opportunities and offerings for its customers. Now it has revealed its initiative to launch full trading of the Basic Attention Token (BAT) on its trading platform and in both the Android and iOS apps. BAT Listing Now customers of Coinbase will have a possibility to buy, sell, send, receive, or store BAT which has been added to the list of other eight currencies available. They are Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, ZRX and USDC. Nevertheless, the company warns that initially residents of the state of New York will not be able to carry out operations via Coinbase trading services, but BAT will be available for users living in most jurisdictions. According to the information revealed by the company, last week it initiated accepting inbound transfers of BAT to Coinbase Pro, nevertheless, BAT trading will be allowed only after the coin establish sufficient liquidity. By the way, BAT has become the second ERC-20 token to be listed by the company. As CoinSpeaker has reported earlier, the first one was 0x. The exchange says that BAT token is to go through four stages of listing. The first stage that is already initiated is “transfer-only,” at this stage, users can transfer BAT into Coinbase Pro accounts. The second one is “post-only” stage that will enable customers to post limit orders. Limit orders will start matching at “limit-only” stage and full access to BAT trading opportunities will be available at the final stage. New Approach to Listing The company claims that their initiative to add new coins to its platforms is its reaction to one of the most common requests that they receive from their customers who want to have an opportunity to work with a wider range of assets on Coinbase. “The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against,” explained the company in its official blog post published on September 26. According to the company, their main aim at the current stage is to list all assets that correspond to their standards and meet all legal requirements as soon as it is possible. Such an approach can really significantly enhance trading opportunities that platform’s customers have. Impact on Prices Coinbase is a very strong player of the market that’s why there is little surprise that its activity with this or that coin may significantly influence its price. After the first announcement about adding of BAT was made, the coin gained nearly 20% over a 24-hour period. A similar story happened to INXT after it had become known that it would be possible to store INXT in safe Coinbase wallets. Over the previous seven-day period it managed to gain almost 40% against the fiat. Coinbase Adds Basic Attention Token (BAT) to Its Retail Trading Platform and Mobile Apps

2 days ago

Where to Put Your Money in a Bear Crypto Market?

With Bitcoin down 68% and a number of top cryptocurrencies having lost over 90% of their value from their all-time high (ATH), where exactly one should invest their money in a bearish crypto market. Crypto Winter: Bear market of 2018 Cryptocurrencies have lost more than 50 percent of their value since they reached their peaks in early January. Bitcoin (BTC) is currently down over 68 percent from its all-time high (ATH) in mid-December at approximately $19,500. Ethereum (ETH) and XRP, the top cryptos are more than 85 percent down from their high in mid-January at about $1,400 and $3.85 respectively. Bitcoin Cash (BCH), Cardano (ADA), IOTA (MIOTA), Dash, Tron (TRX), Lisk (LSK), NEO, Verge (XVG), and QTUM have lost more than 90 percent of their peak values. Tether (USDT), the stable coin which is pegged by a dollar is also below $1 at $0.998, down over 17% from January peak at $1.21. The volatility has dropped to the lowest this year which is not at all encouraging for the investors to sink their feet into crypto waters. Moreover, the daily trading volume in the market has also taken a hit and registering low numbers. Investing in a Bear Market Nonetheless, New Wave Capital, a fully registered investment adviser co-founded by Albert Cheng and Stewart Hauser that was launched in July says the customers are still very much interested as many customers have invested more money into crypto. CEO Eric Campbell shares, “The kind of customers who would sign up during a downturn have more of a long-term approach to investing.” According to the firm, crypto investment is not for only accredited investors, but for regular people as well i.e. with an annual income range of $200,000 to $1 million net worth. With a minimum investment of $100, New Wave invests its customers’ funds across 15 cryptocurrencies viz. Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Stellar Lumens (XLM), Litecoin LTC), Ethereum Classic (ETC), Zcash (ZEC), OmiseGo (OMG), Golem (GNT), TenX (PAY), Numeraire (NMR), Civic (CVC), Basic Attention Token BAT), and 0x (ZRX). The options are rebalanced quarterly with the weighting based on an algorithm and a risk survey. As usually happens, in a bear market, bitcoin becomes the most favored cryptocurrency. However, Campbell is most bullish on the cryptocurrencies with a smaller market cap. “The smaller-cap altcoins have the largest potential, we think. In a bear market, everyone moves away from altcoins and they go back to what has been traditionally more resilient, which is bitcoin. They think it’s a safer asset. But when we come back to another bull market in the future, we think people will go back to altcoins.” The post Where to Put Your Money in a Bear Crypto Market? appeared first on Coingape.

3 days ago

BAT Goes Live On Coinbase Consumer, Falls 6%

Coinbase Adds Second (Third?) Ethereum-based Token As reported by Ethereum World News last week, Coinbase Pro, the San Francisco-based startup’s platform for professional traders, revealed support for Basic Attention Token, the digital asset of choice for the crypto-friendly Brave Browser. While the launch of the digital asset on Coinbase Pro was well-received by many, with the BAT/USDC pair opening its books on Thursday morning, it wasn’t clear when the Brave Browser-related token would be available on Coinbase Consumer (Coinbase.com) or through the startup’s iOS and Android applications. However, this changed on Thursday afternoon, as America’s largest crypto exchange issued a tweet and blog post to reveal that it was rolling out support for BAT on its consumer-centric platforms. BAT is now live at https://t.co/bCG11KveHS and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, send, receive, or store BAT. https://t.co/YgLcxAaMiT — Coinbase (@coinbase) November 8, 2018 Per the post, starting on Thursday, Coinbase customers will be able to buy, sell, send, receive, and/or store BAT, alongside the other crypto assets that the platform supports — Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, ZRX, and USDC. While BAT will apparently be available for Coinbase’s “customers in most jurisdictions,” the asset will not be accessible for New York State residents, in spite of the fact that the startup recently received a green light from the region’s primary market regulator in regards to cryptocurrency custody. Closing the announcement, the $8 billion upstart restated its goal to “accelerate asset addition” in the near future, along with ensuring that crypto investors are educated about this industry, even in spite of its nascency and relative size to legacy markets. Coinbase’s move to add BAT comes just weeks after the firm unveiled support for ZRX, the 0x ecosystem’s native asset, and USDC, an up and coming stablecoin backed by both Coinbase and Boston-based, Goldman Sachs-endorsed Circle, a budding fintech startup. BAT Loses 6%, Dumps To 30 Cents BAT’s appearance on Coinbase Pro saw the asset see a monumental run-up, with the ERC20 token moving from $0.25 to $0.36 in a matter of the four days following the original announcement. This move amounts to a 40% gain, which was evidently a breath of fresh air in the dismal crypto market. However, in direct contradiction to the so-called “Coinbase Effect,” BAT fell (and fell hard) on the news that it was finally added to Coinbase Consumer. More specifically, the asset took a 10% haircut at one point, underperforming BTC and ETH by upwards of 6-7%. Although BAT has since recovered, returning to $0.314 as the crypto market underwent a short-term reversal, the popular altcoin is still down 6% in the past 24 hours. Following BAT’s interesting bout of price action, CryptoGainz, a crypto commentator on Twitter, noted that “based on this brutal dump, I think it’s fair to conclude that [ZCash] ZEC will unironically dump to zero on [its] Coinbase listing.” While his comment was likely made in jest, Gainz’s comment regarding the “anti-Coinbase effect” and the platform’s future listees may hold credence. But for now, as many await Coinbase’s next listing, there may be some time for investors to sit on their hands, so to speak. Title Image Courtesy of Photo-Nic.co.uk nic on Unsplash The post BAT Goes Live On Coinbase Consumer, Falls 6% appeared first on Ethereum World News.

3 days ago

Basic Attention Token Price Rebounds as Coinbase FOMO Remains Tangible

As most of the top markets struggle for traction right now, speculators and traders are looking well beyond the top 20 for profits. Basic Attention Token is, once again, making some very strong moves. Its addition to Coinbase should occur later today, although the company has yet to communicate an official timeline in this regard. Basic Attention Token Price Rises Again It has been a wild ride for holders of the Basic Attention Token over the past few weeks. The imminent listing on Coinbase has many people excited, and the BAT price responded in kind. Even today, there is still plenty of market excitement to take into account, albeit those buying into the FOMO may not necessarily see the results they are looking for. Over the past 24 hours, the BAT price has risen by 7% in USD value, 8% over Bitcoin, and 9.5% over Ethereum. All of these gains are incredibly bullish, primarily because they are sustained by very little trading volume at this time. It seems to be a matter of time until the value surges to $0.4, although it is a bit early to say for sure. The big news of the day is how Coinbase will list Basic Attention Token this week. Many people expect that to happen today, although it may very well be later this week. Until the company makes an official statement, users need to remain patient first and foremost. BAT Will be made available on the website and the mobile applications in the coming days. Please also note that BAT is not yet available at https://t.co/MO27BEqMdL or in our iOS and Android apps. We will make a separate announcement when that occurs. #bat #Coinbase #BasicAttentionToken #xlm #ada #xrp #btc #eth pic.twitter.com/EApzbo79ic — Rodge_Amsterdam (@AmsterdamRodge) November 8, 2018 A very interesting trend has been noted by Istvan. He shares some interesting details as to how several ERC20 tokens are currently trading independently of Ethereum’s price momentum. Among those assets are Basic Attention Token and 0x, both of which have close ties to Coinbase at this time. A very interesting trend, although one that may not necessarily amount to any major changes moving forward. We note that the prices of at least ten tokens of the ERC-20 standard have recently “live their own lives”. The graph above shows that the tokens #BAT and #ZRX, which recently appeared in the Coinbase Pro listing, have completely ceased to correlate with the price of #Ethereum — istvan (@istvan33001710) November 8, 2018 For those looking at the charts form a technical analysis point of view, the current momentum certainly looks appealing. Although Crypto Ronny predicted a double dip and subsequent dip to 4,700 Satoshi, the market has rebounded strongly ever since. Ever since, it seems a new double top pattern has begun forming, although it remains to be seen if that will lead to another leg down over the coming hours. #BAT double top pattern on 1H chart! Target figure will be on 4700 sats (strong support too) #bat $bat #btc $BTC pic.twitter.com/c1YSnCCUDu — Crypto Ronny (@CryptoRonny5) November 8, 2018 While there is plenty of momentum associated with the Basic Attention Token price, one has to keep in mind buying in at the top is never a good idea. Granted, this token has a real-world use through the Brave browser. However, its price does not necessarily reflect the usability of the token in its current state. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Basic Attention Token Price Rebounds as Coinbase FOMO Remains Tangible appeared first on NullTX.

4 days ago

XRP Price Surge Good News for Stellar XLM Investors?

Stellar Lumens (XLM), XRP-The recent price surge for XRP, the third largest cryptocurrency by market capitalization, could be a positive signal for Stellar enthusiasts and investors. While the two cryptocurrencies have long been pitted at odds, with a similar technology basis, overlapping leadership and development teams, and target customer base, the coins have also managed to benefit from positive traction generated by the one another. Following the boom in Bitcoin Cash pricing which took off over the weekend, XRP became the recipient of a massive price run which saw the currency jump over 10 percent on Nov 6. While BCH pricing was undoubtedly tied to the upcoming hard fork of the currency on Nov. 15, it also helped that popular U.S. based exchange Coinbase announced its support for the fork and newly produced coin, throwing its weight behind other major exchange players such as Binance and Bitmex. While several theories are floating as to the cause of XRP’s price surge, the boom in Bitcoin Cash created a ripple of price improvement for altcoins across the board. With XRP sitting on a greater than 90 percent loss since hitting $3.80 at the beginning of the year, some analysts have pointed out that the currency could be extremely undervalued at present, particularly with the new developments and stories of adoption that have continued throughout 2018. Stellar likely stands to benefit from both the renewed interest in XRP and the overall buoying effect of the crypto markets. For one, XLM has already had a boost in price following the addition of Basic Attention Token (BAT) on Coinbase, joining 0x as the second of five original currencies announced over the summer under consideration for listing. While 0x and BAT represent two of the smaller market coins of the five announced, Stellar has long been tabbed as a likely addition-making for the most high profile coin of the group. Not only has Stellar established ties to computing Behemoth IBM, but the currency has an appealing price and max supply that would add further diversity to limited offering by Coinbase. XLM, similar to XRP, has suffered from a precipitous drop in valuation throughout 2018. The announcement of a potential Coinbase listing has managed to keep the coin price stable over the last several months, as investors anticipate the value of the coin appreciating well beyond current levels in the event of a Coinbase addition. While that appears more iminent than ever, with the exchange announcing its commitment to supply many more currencies to customers, the coin could look for a boost in price in the interim if the entire crypto market moves towards a recovery. Excitement for Stellar development and the utility of the XLM coin has outpaced the market, with the coin employing many of the features that has made XRP so attractive to institutional buyers and those looking to use cryptocurrency as a cost-effective measure for moving money globally. XLM could benefit substantially from a Coinbase listing, in part from new exposure to the 13 million user base in addition to putting the brand under a spotlight. The post XRP Price Surge Good News for Stellar XLM Investors? appeared first on Ethereum World News.

4 days ago

October development updates: 🚀 0x Instant: public spec + pri...

October development updates: 🚀 0x Instant: public spec + private beta 🛠️ @npmjs packages => 0x namespace 🎯 support… https://t.co/YqwlGUPtcQ

4 days ago

Is Coinbase Trying to Disrupt Bitcoin’s Reserve Asset Status by Listing New USDC Pairs

In recent weeks two new cryptocurrencies have been listed on Coinbase, 0x and BAT. Both resulted in predictable pump and dumps immediately before and a few hours after the announcements. This is no surprise, but the fact that one of these two new listings is only available to trade in USDC could raise a few eyebrows. Stablecoins to disrupt Bitcoin’s dominance USD Coin, or USDC, is a dollar-pegged ERC20 stablecoin from Circle and Coinbase. It has been designed to rival Tether which has been embroiled in its fair share of controversy recently. According to the blurb on the website “CENTRE stablecoins are issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency. Issuers are required to regularly report USD reserve holdings, and that information will be made available upon request.” According to Coinmarketcap USDC volume is currently $2.2 million with a market cap of $134 million, so still a long way off USDT. Coinbase Pro is now using USDC to facilitate trading on its exchange for US customers. Those in Europe and the UK on regular Coinbase will have Euros and GBP respectively. The notable thing now is that the latest newly listed cryptocurrency is ONLY available in USDC and not Bitcoin or fiat as has traditionally been the case. BAT was listed on Coinbase Pro over the weekend and the token predictably pumped 23% following the announcement. It is however only available in USDC which could be a sign of things to come when Coinbase lists more cryptocurrencies. The next most likely to be added to the platform are Stellar, Cardano and Zcash according company blog posts. Bitcoin has traditionally been the medium of choice for trading altcoins when fiat trading is unavailable. Some have observed that if the trend continues Coinbase could be trying to disrupt Bitcoin’s position as a reserve asset for the crypto space; Coinbase listed BAT only against USDC, not BTC. So if you wanna buy BAT (not that anyone should), you need to buy USDC first. Let's see if this trend continues with future pairs (or even existing ones), could be an attempt to disrupt BTC's status as reserve asset of this space. — Hasu (@hasufl) November 6, 2018 The battle for stablecoin supremacy has shifted gears in the last month with a new one appearing almost weekly. All of these fiat-pegged currencies are slowly weakening Bitcoin’s status as a crypto reserve for trading and hodling, but that maybe the intention of Coinbase and other exchanges such as Gemini. At the moment the majority of BAT trade is in BTC on Binance which has 65% of the total so there is no change as yet. However, if future pairs listed on Coinbase and other exchanges are only available in USDC, GUSD, or whatever the respective exchange is offering, then this could be the case. We will have to wait until the next announcement to see if this trend continues, which should not be that long. The post Is Coinbase Trying to Disrupt Bitcoin’s Reserve Asset Status by Listing New USDC Pairs appeared first on NewsBTC.

4 days ago

Triangular Arbitrage Today: Easy Profits of up to 17%

In the world of triangular cryptocurrency arbitrage, big profits are relatively easy to achieve. That will only happen if all involved exchanges and currencies offer major liquidity, which is not always a guarantee. The following six options stand out today, as significant profits are waiting to be secured. MANA (Bittrex / CoinDelta / Bitbns) One of the more appealing triangular arbitrage opportunities today comes in the form of MANA. This altcoin can be purchased on CoinDelta with Indian Rupee at a relatively low price. Transferring these funds to Bittrex for a conversion to LOOM allows users to sell the second currency on BitBns for a healthy profit. If successful, gains of roughly 15% are not out of reach by any means. ZRX (Binance / Livecoin / Bitfinex) Whenever a triangular arbitrage opportunity presents itself, one has to look at the exchanges involved. In the case of ZRX, there are several key exchanges involved. Buying ZRX with US Dollars on Livecoin and converting them to CND on Binance is the first leg of the journey. Combined with selling the CND on Bitfinex, traders can achieve profits of roughly 12-13%. EMC (Bittrex / LiveCoin / BitBns) The arbitrage opportunity for EMC is very similar to that of MANA. It requires users to buy EMC on Livecoin and convert it to Loom on Bittrex. That LOOM balance can then be sold on BitBns for a total profit of nearly 11%. All of this will depend on overall liquidity, though, which is always difficult to predict first and foremost. CMT (Binance/ OKEx / Bitfinex) Another opportunity involving only bigger exchanges comes in the form of CMT. Buying this altcoin on OKEX and converting it to CND on Binance is a great opportunity to score some profits. Especially when selling that CND balance on Bitfinex, as that will allow for a total profit of roughly 8% with very little effort involved. QTUM (Bittrex / CoinDelta / Bitbns) It doesn’t happen all that often QTUM arbitrage opportunities arise, even though this altcoin isn’t more stable than others by any means. Buying QTUM with Indian Rupees on CoinDelta allows users to sell them on Bittrex and convert it to LOOM. These LOOM balances can then be sold on BitBns for profits of 15% or slightly more. BCH (Cryptopia / Kraken / KuCoin) It is another Bitcoin Cash arbitrage opportunity, albeit one that involves a bit more work. Users need to buy BCH with Bitcoin on Kraken and send it to Cryptopia for conversion to HST. These HST tokens can then be sold on KuCoin for a net profit of 17%. A very appealing opportunity, as it represents very easy money first and foremost. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Triangular Arbitrage Today: Easy Profits of up to 17% appeared first on NullTX.

5 days ago

Stellar Foundation to Airdrop $150 Million in XLM to Blockchain Wallet Users

The Stellar Development Foundation has partnered with the Blockchain Wallet to airdrop $125 Million worth of XLM to the users of the wallet. According to The Block, the first batch of XLM will be distributed this week to all who sign up to use the Blockchain wallet. The team at the Stellar Development Foundation is hoping that the partnership will further the adoption of XLM to rival other cryptocurrencies in the market. Jed McCaleb, co-founder of Stellar, had this to say about the airdrop: We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need. By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude. $25 Worth of XLM Each With respect to the value of XLM being airdropped per user, the team at Blockchain wallet states that once identity has been verified after signing up on the wallet, $25 worth of XLM will be distributed to each individual. There is also a first-come first-served clause in the airdrop that states: Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities. A person can receive the XLM airdrop in only 1 Blockchain Wallet. XLM is provided on a first come first rewarded basis, with priority for those with the oldest, completed (i.e., accounts with a verified email address) Blockchain Wallets. Participants must have an eligible account, be willing to verify their identity, and reside in an eligible market or jurisdiction. The list of eligible countries is available here. Once the airdrop is received, the owner is free to use it how they see fit. Pending Coinbase Listing of XLM After the listing of Ox (ZRX) and Basic Attention Token (BAT) on the popular American trading platform of Coinbase, speculation is high that Stellar (XLM) is the next digital asset to be supported. Earlier on in the year, Coinbase had expressed interest in listing the following digital assets: ZRX, BAT, XLM, Cardano (ADA) and ZCash (ZEC). With ZRX and BAT being listed, the remaining three have been on the minds of many crypto traders. Looking at XLM, it might be the biggest gainer of the bunch with the double good news of a Coinbase listing and the XLM airdrop that is sure to ignite interest in the digital asset in the markets. What are your thoughts on the XLM airdrop? Do you plan on participating? Do you also believe XLM is next to be listed on Coinbase? Please let us know in the comment section below. [Military air drop image courtesy of aviationvoice.com] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Stellar Foundation to Airdrop $150 Million in XLM to Blockchain Wallet Users appeared first on Ethereum World News.

5 days ago

Singapore-Based Crypto Exchange CoinBene Lists ERC-20 Token 0x (ZRX)

Crypto exchange CoinBene announced its plans to list 0x (ZRX), the No. 25 cryptocurrency based on market cap. Trading in 0x launches on Nov. 8 in the ZRX/BTC trading pair. 0x is an open-source protocol for trading ERC-20 tokens on the Ethereum blockchain. ZRX has shed 2% in the last 24 hours to $0.75 and is up 5% over the last 30 days. CoinBene, which is the No. 5 cryptocurrency exchange on CoinMarketCap, boasts trading volume of $304 million over the last 24 hours. (GT)

5 days ago

New Cryptocurrency Bull-Run Already Started: Santiment Report

Data analytics platform Santiment has concluded that Ethereum based altcoins might be at the forefront of the next bull market. The End of the Bear Market Draws Near The last two quarters of 2018 have been dominated by talk of a Bitcoin-ETF approval by the U.S. Securities and Exchange Commission (SEC), institutional investment, Bitcoin 00 closing the year above $10,000 and a bull market reversal by occurring toward the end of Q4 2018 or Q1 of 2019. It seems that literally everyone is waiting on a market reversal and analysts are on the fence regarding whether Bitcoin’s low volume and record lack of volatility are positive or negative signs. The analysts at Santiment believe that a bull market is already in the making and the data analytics platform primarily focuses on public blockchain activity and social media sentiment analysis. Their most recent ‘Signals’ newsletter discusses three key areas they believe support this point of view. While the current stability of BTC and ETH seem boring to many, Santiment analysts have observed that over the last month “a number of ERC-20 projects completely [broke] their ETH price interdependence” which means many tokens are now marching to their own beat instead of moving in step with ETH price. For example, yesterday Basic Attention Token jumped 25% after Coinbase announced they will list token and this was after the altcoin rallied 25% on the release of an update for Brave browser about two weeks ago. According to Santiment, MKR and ZRX also appear to be following the same “ETH decoupling pattern” and this divergence is unique as BAT, MKR and ZRX traditionally mirrored ETH price 00 action. On-Chain Activity and Social Media Mentions Spike Santiment also found that each altcoin had strong on-chain activity and the bullish price action was clearly visible on-chain. Their third ‘bullish’ measure incorporates a rather unconventional observation of “behavior analysis” to gauge the “social volume” of each token by the number of mentions across various crypto-associated social media. Altcoins Could Save the Day A combination of these three factors led Santiment analysis to conclude that cryptocurrency projects built on Ethereum blockchain are slowly leading the market into a bull run. They do concede that market could drop another notch before reversing course but Santiment feels confident enough about the current market set up to conclude that “The bull market has started. It’s not about “when” anymore - it’s about “who.” Do you think altcoins ‘decoupling’ from Ethereum is a sign of the start of a bull market reversal? Share your thoughts in the comments below! Images and data courtesy of data.santiment.net, Satiment.net, and Shutterstock The post New Cryptocurrency Bull-Run Already Started: Santiment Report appeared first on Bitcoinist.com.

6 days ago

Coinbase Lists BAT, Could Stellar Lumens (XLM) Be Next?

Coinbase Lists BAT After Months Of Speculation As reported by Ethereum World News on Friday afternoon, after months of speculation and unbridled hope, San Francisco-based Coinbase announced that it had plans to list Basic Attention Token (BAT), the native digital asset of the Brave Browser, on its professional-centric platform, the similarly named Coinbase Pro. BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI — Coinbase Pro (@CoinbasePro) November 2, 2018 The announcement, which came via a tweet and an accompanying blog post, revealed that starting on Friday, Coinbase Pro would allow its clients to deposit BAT tokens, which are based upon the Ethereum Network. Once “sufficient liquidity is established,” the American crypto startup intends to open trading for its BAT/USD Coin (USDC) order book. Interestingly, users “in most jurisdictions” will have access to the popular Ethereum token, except for those who reside in the state of New York, where the regulatory climate surrounding financial institutions is a lot more strict. Like Coinbase Pro’s previous listing events surrounding Ethereum Classic (ETC) and 0x (ZRX), BAT trading will be rolled out in a four-step/stage process — transfer-only, post-only, limit-only, and full trading. It is important to note that for now, BAT will not be available via Coinbase Consumer, better known as Coinbase.com, or through the startup’s iOS and Android applications, but the crypto firm added that it will make a separate announcement when the time comes. Due to the colloquially-dubbed “Coinbase Effect,” BAT is currently up 13.5% at the time of writing and is valued at $0.291 a piece. Stellar’s XLM, ADA, ZEC Still On The Coinbase Chopping Block Months ago, as you likely recall, Coinbase, a crypto-centric upstart now valued at a jaw-dropping $8 billion, unexpectedly revealed that it was pondering the listing of five popular altcoins — Stellar Lumens (XLM), 0x (ZRX), Cardano (ADA), ZCash (ZEC), and Basic Attention Token (BAT). In the original announcement, the quickly expanding company wrote: We are exploring the addition of several new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible. While the startup went radio silent on the matter for multiple months, in early-September, rumors arose that Coinbase was looking into adding 0x (ZRX). Eventually, those rumors became a reality, with the popular cryptocurrency platform revealing support for ZRX in mid-September, marking the first time that Coinbase had listed a token — an Ethereum-based one no less. Now, as aforementioned, Coinbase had added their second Ethereum token, listing BAT just two weeks after the ZRX premiere. Considering the double-digit price surge that both ZRX and BAT subsequently saw, many have begun to consider which token/crypto asset Coinbase will add next. As it stands, ADA, XLM, and ZEC are the only crypto assets Coinbase’s chopping block, so to speak. ZEC Recently, the ZCash Network underwent one of its largest protocol upgrades to-date, launching the so-called Sapling Protocol that changes how the privacy-centric blockchain handles zero-knowledge proof transactions. Due to this upgrade, many exchanges have shut down ZEC deposit and withdrawal abilities, for the time being, indicating that Sapling may have drastically changed how platforms accept, process, and send ZEC. Not only have the technical logistics changed for exchanges, but the regulatory climate surrounding ZEC, which is centered around private transactions, is still up in the air. These two factors could indicate that Coinbase won’t list the asset in the near future. ADA While Cardano has proven itself to be a leading network in today’s cryptocurrency realm, some are skeptical about ADA’s short-term success. Due to the fact that the Cardano Network is in its infancy, in spite of the heavyweight team backing the project, there have been many that aren’t ready to see ADA on Coinbase... or at least in the next few months anyway. XLM Unsurprisingly, many pundits of the Stellar Network and its native asset, Stellar Lumens (XLM), have been waiting for Coinbase’s validation for years. Jed McCaleb-backed Stellar, which somewhat unlike Cardano, has a mostly fully-fledged ledger up-and-running, has been seen as the primary contender for Coinbase’s next listing due to the real-world adoption and utilization of the popular network. Interestingly, out of the three aforementioned cryptocurrencies, Lumens rose the most following the BAT announcement, potentially alluding to the market’s sentiment that Coinbase will be listing XLM next. Title Image Courtesy of Billy Huynh on Unsplash The post Coinbase Lists BAT, Could Stellar Lumens (XLM) Be Next? appeared fi

6 days ago

Coinbase adds Brave Browser’s BAT Token

Coinbase had revealed it would list Steller Lumens (XLM), Cardano (ADA), ZCash (ZEC) and Basic Attention Token (BAT) a few months ago. The first token that has been added from the list is BAT which is the native token of the Brave Browser. The BAT token will be accessible to everyone using Coinbase Pro except people from the State of New York due to regulations. The announcement was made via Coinbase’s official Twitter handle- BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI — Coinbase Pro (@CoinbasePro) November 2, 2018 Clients will be able to deposit the BAT Token in the beginning, and once liquidity is established the trading of BAT/USD Coin (USDC) will begin. USDC is the stable coin which Coinbase has developed with Circle. The same four stages as applied to Ethereum Classic (ETC) and 0x (ZRX) being listed on Coinbase will take place for BAT. These steps include- Transfer only, post-only, limit-only and finally full trading. Brave Browser is run with the native token of Basic Attention Token (BAT). BAT is taking digital advertising using the Brave Browser to the next level by helping revenue be exchanged between publishers, advertisers, and users. Zerocrypted Opinion- You can expect XLM, ADA and ZEC being added next in Coinbase given that BAT is successfully chosen to be listed on the popular cryptocurrency exchange. Given the announcement of BAT being listed on Coinbase, the price of BAT increased. The price of BAT at the time of writing is $0.299759 while the market capitalization is at $299,758,640. Prior to BAT being added, 0x (ZRX) was added in mid-September which led to ZRX rising in price too. The so-called ‘Coinbase effect’ means the next coin added in Coinbase will experience the same demand leading to a price increase. Amongst the remaining three, XLM is the most likely to be added given its real-world adoption and its ranking of 6th place in the cryptocurrency market according to CoinMarketCap. Image Source - Flickr The post Coinbase adds Brave Browser’s BAT Token appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

6 days ago

Coinbase Lists Basic Attention Token

Coinbase has confirmed that the Basic Attention Token will be the next token to be listed on the platform, with trading to begin within hours. In a blog post published today, the San Francisco-based exchange announced that BAT would join 0x, Circle USD, two forks of Bitcoin and the two Ethereums on the trading platform, potentially putting the token in the wallets of over 20 million American users. But don’t expect to cash out your BAT just yet. According to the post, BAT integration will be a four-step processs, beginning with the onboarding of users’ tokens to the exchange. “After 1pm PT on Friday, November 2, we will begin accepting inbound transfers of Basic Attention Token (BAT) to Coinbase Pro,“ the company wrote. “We will accept deposits for at least 12 hours prior to enabling trading.” In the second stage, users will be able to post their orders, but no trades will be executed, apparently to aid in price discovery. “Order books will be in post-only mode for a minimum of one minute,” Coinbase says. “This market state has been shortened to increase market health during launch.” Then limit orders will begin to match, but traders will still be unable to make market orders for a period of at least ten minutes, before full trading is enabled. These measures seem to have been instituted to prevent a reprise of last year’s Bitcoin Cash listing, when the Bitcoin fork unexpectedly appeared in Coinbase Pro order books. Prices soared to as much as $9000 per BCH coin, and accusations flew of insider trading. The new listing is scarcely a surprise, and confirm Crypto Briefing’s predictions of a BAT listing earlier this week. Although it was not exactly a shoo-in, BAT was considered a very likely candidate because of the (relative) success and decentralization of the BAT project and its Brave browser. As such, the announcement is likely to be celebrated among BAT hodlers, and not just for the inevitable price surge that comes with a Coinbase listing. As the aspiring “Google of Cryptocurrency,” a Coinbase stamp of approval is regarded as a hallmark of legitimacy and viability in the cryptocurrency space. The author is invested in Ethereum, Bitcoin and Bitcoin Cash, which are mentioned in this article. The post Coinbase Lists Basic Attention Token appeared first on Crypto Briefing.

6 days ago

Crypto Bull Market in Action: 3 Altcoins “Paving their Own Bull Run”

According to the latest research, 3 altcoins have already started making their way to a bull run that could mean the bull run in the crypto market just might be already getting ready to affect the market. Crypto Bull Market: Here’s How it could Already be in Effect Everyone is in anticipation of the next bull run after the entire crypto market hit $800 billion at its peak. So, when is this bull run coming? Could it already be into effect? “The bull market has started. It’s not about “when” anymore - it’s about “who”,” says the latest research by Santiment, which further shares that it is a possibility the crypto bull run is in action, “The recent price ‘movement’ of Bitcoin and Ethereum has been boring to say the least. It’s been so uneventful these past few weeks that we’re already seeing memes pop up about BTC as the next big stablecoin. Although BTC and ETH aren’t growing (and they have enough reasons not to), quite a few tokens/networks on the ethereum blockchain have been blinking on our bull radar recently.” Basic Attention Token (BAT), Ox (ZRX), and Maker (MKR) are the ones that have been showing bullish moves and following three patterns. ETH Decoupling is one of the primary reasons, “Historically, the price of these 3 tokens faithfully mirrored ETH - not anymore. Particularly over the last month or so, we’re seeing a number of ERC 20 projects completely break their ETH price interdependence and start dancing to their own beat. And you have to admit - it’s a pretty catchy tune.” Another point is strong on-chain activity, “the abnormal pricing activity is strongly reflected on chain as well. It’s worth nothing that this on-chain activity isn’t monolithic; each project still has their own quirks.” BAT’s on-chain activity shows a healthy pattern where both price and speculative activity is steadily growing. Moreover, it mentions, “ZRX recorded the most explosive spike across all observed metric, with MKR not all too far behind.” It then moves onto the social volume which is based on “behaviour analysis” of the platform with crowd sentiment measurements. This metric basically covers the number of mentions of a token on social media. “While action is bullish, we believe you don’t want to buy at extreme values on social volume, as such activity might mark a short-term top. So we have waited until the attention of the traders crowd has declined to more or less normal levels.” Talking about the 2016-17 bull run, the research states, “ETH launched the explosive bull run and BTC followed.” And this time, these three altcoins are “done waiting for ETH to bounce back, they’re paving their own bull run.” Eventually, this price movement is expected to find its way to ETH as well. However, it does caution, “We might still see some decline if the whole market needs to make one more low.” But “the risk is now to break to the top in the “healthy” tokens.” The post Crypto Bull Market in Action: 3 Altcoins “Paving their Own Bull Run” appeared first on Coingape.

6 days ago

Coinbase Is Officially Adding Support for Basic Attention Token (BAT)

On November 2, 2018, Coinbase announced that it would be integrating support for Basic Attention Token (BAT), an ERC-20 token that is designed to work out-of-the-box with the privacy-centric Brave Browser, on CoinbasePro.BAT will initially trade against USD Coin (USDC), a stablecoin that Coinbase developed with Circle Ltd. and recently added to its platforms. The new offering is not available on Coinbase’s primary platform, and the company said it would make a separate announcement when this occurs.The offering is being integrated on Coinbase Pro in the following order of stages: “Transfer-only,” “Post-only,” “Limit-only” and finally a “Full trading” stage. “If at any point the BAT/USDC order book does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time, or suspend trading as per our Trading Rules. Any other BAT order books we launch will also go through the same stages,” according to a Coinbase blog post. “We will accept deposits for at least 12 hours prior to enabling trading. Once sufficient liquidity is established, trading on the BAT/USDC order book will start ... BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York,” the Coinbase blog post continued.The newly added token is the latest in a list of cryptocurrencies that Coinbase said it was “exploring” back in July of 2018, and it comes on the heels of Coinbase’s listing ZRX last month. This article originally appeared on Bitcoin Magazine.

6 days ago

Daily Berminal Brief: Bitcoin Approaches $6,500 as the SEC is set to Decide on Several Bitcoin-ETF Applications

The State of The Market - November 5, 2018 BTC: $6,434.27 (+1.64%) ETH: $209.66 (+3.54%) XRP: $0.4888 (+6.12%) The cryptocurrency market is flashing green today as all of the top 20 coins are posting gains. Bitcoin is working to overcome resistance at $6,500 and Ethereum has held above $200 after making a surprise run to $218 on Sunday. XRP also leaped above $0.45 and now approaches resistance at $0.50. Currently, the total market cap is $212.8 billion. In other news, cybersecurity analysts at Japan Digital Design believe that they may have found the hacking group behind the $60 million hack of Japan's Zaif cryptocurrency exchange and a consumer payments project backed by Barclays and Mastercard has integrated Ripple's xRapid system to its payment infrastructure.  1) The SEC will soon make its next round of decisions on the numerous Bitcoin (BTC) and cryptocurrency related ETFs that have been submitted to the regulatory agency for approval. The designated public comment period for several submissions was set to end on November 5th, the beginning of this coming week. Thus far, the SEC has denied all nine Bitcoin ETF submissions from various parties including Direxion, Proshares, VanEx, and the CBoE. The crypto sphere and the wider institutional investing world anxiously await the pending decisions from the SEC. 2) Analysts at Santiment believe that altcoins are "done waiting for ETH to bounce back, they're paving their own bull run." The data analytics platform primarily focuses on public blockchain activity and social media sentiment analysis. According to Santiment, over the last month "a number of ERC-20 projects completely [broke] their ETH price interdependence" which means many tokens are now marching to their own beat instead of moving in step with ETH price. For example, yesterday Basic Attention Token jumped 25% after Coinbase announced they will list token and this was after the altcoin rallied 25% a few weeks ago. Over the past few weeks,​ MKR and ZRX also surged on the release of positive news. All the while, ETH has remained locked in a range of $195 - $220. Santiment says there is still hope for ETH as "logically this price movement should eventually find its way to ETH as well." 3) Dilip Rao, the global head of infrastructure innovation for Ripple, revealed that the company is planning to open an office in Dubai. Rao discussed Ripple's plans for expansion during the recent Global Islamic Economic Summit 2018. Ripple currently has offices in London, India, San Francisco, New York, Luxembourg, Sydney, and Singapore. He added that Ripple has so far signed about 200 institutions from different countries with many of them being from the Middle East. The list of clients reportedly includes the Saudi Arabia's Al-Rajhi Bank, as well as Kuwait Finance House."Our focus initially is on cross-border payments because we think that's where there is the most friction," said Dilip Rao. (RS)

6 days ago

Santiment Analysis Suggests that Altcoins are Decoupling from Ethereum

Analysts at Santiment believe that altcoins are “done waiting for ETH to bounce back, they’re paving their own bull run.” The data analytics platform primarily focuses on public blockchain activity and social media sentiment analysis. According to Santiment, over the last month “a number of ERC-20 projects completely [broke] their ETH price interdependence” which means many tokens are now marching to their own beat instead of moving in step with ETH price. For example, yesterday Basic Attention Token jumped 25% after Coinbase announced they will list token and this was after the altcoin rallied 25% a few weeks ago. Over the past few weeks,​ MKR and ZRX also surged on positive news. All the while, ETH has remained locked in a range of $195 - $220. Santiment says there is still hope for ETH as “logically this price movement should eventually find its way to ETH as well.” (RS)

7 days ago

Coinbase Adds Basic Attention Token (BAT) to Its Professional Trading Platform, BAT Rises 22%

Leading U.S.-based cryptocurrency exchange Coinbase announced it will list Basic Attention Token (BAT) on its professional trading platform, Coinbase Pro. The BAT price rallied more than 22% on the development to $0.31 on trading volume of nearly $40 million. BAT, which is the No. 30 cryptocurrency based on market cap, was one of the coins speculated to be the next listing on Coinbase after the exchange added 0x (ZRX) in recent weeks. Similar to its approach with ZRX, Coinbase has started by adding BAT to its professional trading platform only with plans to add the coin to Coinbase.com as well as its iOS and Android mobile apps next. Coinbase opened BAT on Nov. 2 for transfers only in the first of four steps comprising the listing process. Soon traders can begin posting limit orders, after which time limit orders will begin matching and finally full trading will become available. (GT)

9 days ago

0x Digital Asset Report And Evaluation - Initiation Review

As an open protocol for asset exchange, 0x ultimately aims to support an ecosystem of interconnected exchanges and dApps that benefit from the network effect of a shared asset exchange infrastructure. In our 0x Digital Asset Report and Evaluation, we examines the ZRX token and its long-term fundamental strengths and weaknesses. Introduction To 0x 0x is an open protocol designed to facilitate digital asset trades in a decentralized manner utilizing the Ethereum blockchain. Within the current paradigm, both centralized and decentralized exchanges present means by which to trade digital assets, each with their own pros and cons. 0x offers a solution to the drawbacks of both approaches through an “off-chain order relay with on-chain settlement”. Via this hybridized model, offchain state channels are employed for conducting orders and transactions to increase speeds; only orders that have been settled are recorded on the blockchain. 0x Market Opportunity The utility of 0x protocol as a means for exchanging tokens gives it a wide range of use case scenarios within both DEX and dApp settings. As a means for exchanging tokens in a decentralized way, 0x targets many of the issues associated with decentralized exchanges, including the high costs, slow transaction rates and lack of liquidity. If a DEX operates its order book onchain, execution of each new order is limited by the transaction speed of the chain. This scenario also leads to network transaction fees at every interaction, contributing to the cost factor. 0x addresses both of those issues by developing a standard protocol to relay orders in an offchain environment. Orders go back on the blockchain when they are settled instead of recording every transaction, enabling trades to occur at speeds more comparable to centralized exchanges while eliminating a share of the transaction fees. Another core value proposition of 0x addresses the lack of liquidity faced by DEXs. 0x incorporates an API framework for creating shared liquidity pools among disparate dApps built on the protocol, which in theory allows new entrants to bootstrap liquidity by accessing broadcasted orders from all order books across the network. While 0x is designed to be different from both centralized and decentralized exchanges, the protocol must contend with both existing DEXs (IDEX and EtherDelta), the entrance of well-branded platforms like StellarX and Binance DEX, and Kyber Network, another decentralized exchange protocol that conducts all actions onchain. User Ecosystem Structure With each trade that utilizes 0x, there are two parties- the maker and the taker. The maker broadcasts an order message containing information on a specified amount of one token in exchange for another token. The maker then submits these amounts to a “relayer”. While a relayer can theoretically take different forms, the most common example is a web application that allows traders to place and fill orders i.e. an exchange. The relayer collects cryptographically signed versions of these orders into an off-chain database, referred to as an order book. Relayers, as the name suggests, relay orders to takers, who then fill them directly through 0x smart contracts. Instead of executing trades and handling user funds, relayers merely facilitate matching orders between market participants by hosting an order book. The 0x protocol smart contract performs an atomic swap, exchanging the maker and taker tokens. The relayer then collects fees from the orders they host in the form of ZRX tokens. The use of an off-chain order book reduces friction costs for market makers and also ensures that the blockchain is only used for trade settlement. For hosting and maintaining off-chain order books, relayers can freely set their transaction fees at will. The project has launched the 0x Portal as an aggregate access point to active relayers. The Portal functions as a decentralized application that facilitates trustless trading of Ethereum-based tokens through a web interface aggregation of relayers. In addition to the 0x Portal, the team also created 0x OTC, a consumer facing product that uses the 0x protocol to bypass the need for Relayers altogether when buying or selling ERC-20 tokens, in what is essentially a p2p transaction. In August of 2017, this OTC feature was taken down, reportedly to make updates according to one Reddit source. Since then, OTC trading continues to remain unavailable. With the OTC service down, 0x is missing a core feature that sets it apart from traditional DEXs and allows the protocol to compete with Kyber Network, which offers a similar means for users to conduct token swaps via KyberSwap. There are purportedly 19 dApp projects and 19 DEXs that incorporate use of the 0x protocol. Out of the relayer DEXs launched so far, only two, DDEX and Radar Relay, have managed to garner any substantial level of use. Nonetheless, the projects built on 0x have served to collectively demonstrate the viabilit

10 days ago

0x Digital Asset Report And Evaluation – Initiation Review

Digital Asset Report & Evaluation GradeInitiated with a C+ GradeWith the delayed release of the v.2 mainnet and lack of a clear path forward on how governance of the network will function, the team has missed the mark on two crucial milestones for 2018. While the commercial proposition of 0x has competitive potential in theory, […]

10 days ago

Excited to reveal first steps towards 0x community governanc...

Excited to reveal first steps towards 0x community governance at @EFDevcon! ⚖️ "Building Self-Sustaining Ecosystems… https://t.co/nt8qGqUw6l

10 days ago

Cryptocurrency Market Sentiment Returns Positive: 0x ZRX Highlight

In just two months, the digital currency market underwent heavy selling twice with coin values dropping speedy below major supportive levels. However, in a matter of days/weeks the recovery process commences strongly showcasing the industry’s stable growth and community’s support towards the technology. With prices still on lower standing points, for many traders it could mean a great window to buy-in. One of the virtual assets which is making appearance very often lately on headlines i 0x [ZRX]. 0x ZRX 0x is a protocol that promotes low friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain. The protocol is designed to serve as an open standard and basic building block, running interoperability among decentralized applications (DApps) that include exchange functionality. - Former Chief Operating Office or COO of Paypal: David Sacks, has joined the advisory table of the now-famous 0x platform according to Fortune’s post. The positioning came as a result of the project’s partnership with Harbor which is backed by the aforementioned. ZRX USD Per time of writing the pair ZRX/USD is changing hands at $0.8091 with 5.71% increase in the last 24-hours. Today’s performance hoisted ZRX above the weekly declining trend against the US Dollar, which is bringing the coin back above the beginning-of-September-drop level. Source: coinmarketcap Very parallel with ZRX, Maker‘s MKR in the green with 5.21% leading BTC’s market at 4.58% reaching the value of $631.52 against the US Dollar. The post Cryptocurrency Market Sentiment Returns Positive: 0x ZRX Highlight appeared first on Ethereum World News.

10 days ago

Bitcoin Bear Market Could Last Another 12 - 18 Months, Says BitMEX CEO

Arthur Hayes, CEO of BitMEX cryptocurrency exchange, told Yahoo! Finance that he believes that the current Bitcoin lean period could last a further 12 to 18 months. Crypto Bear Market Not Over Yet Arthur Hayes, CEO of BitMEX, the largest Bitcoin derivatives trading platform, believes that the bear market could last another 18 months from now, according to Yahoo! Finance. Hayes is reported to have expressed his views to the UK representative of the media outlet at an event in London organized by The Spectator magazine. During the interview, excerpts from which were published earlier Wednesday, Hayes said: My view is the volatility environment that exists right now could persist for another 12 to 18 months, the flatness. He went on to clarify: I’m just basing it off my previous experience. I started in bitcoin in 2013 when the price went from $250 to $1,300, and then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, very difficult to make money. The Seychelles-registered platform which enables users to trade Bitcoin derivative products like futures was co-founded by Hayes in 2014. Hayes is a former Deutsche Bank and Citi executive. Industry Peers Disagree While Hayes maintains a bearish outlook for the near future, other industry insiders hold a differing view. Will Warren, the co-founder of 0x protocol, stated: Having followed this space since 2011, we’ve seen a number of different cycles where a large number of people start to get interested in the technology and it kind of winds up and then winds downs again. He added: The market is blowing off some steam right now. I think the market is probably going through some healthy consolidation, but I do believe the long-term trend will be greater adoption of bitcoin and similar technologies. Mati Greenspan, an analyst with eToro, a trading platform, said: In 2016 the gains started very gradually until it snowballed. Now that awareness and education have skyrocketed, I have a feeling that it’s going to happen a lot quicker the next time. Jonathan Levi, CEO of HACERA, also commented: I think when the bear market is put in context it gives you more clarity - you’re looking at a bear-sized drop but from an astonishing height. He further added: The price of bitcoin is undoubtedly in a bear market, but in the application of bitcoin and other blockchain projects, we are in fact in a bull market. Most of the EU banks are actively investing in blockchain and that all originally stems from bitcoin. Impact of Slowdown on BitMEX Bitmex, despite the bearish conditions and a decrease in volatility, still manages trade volumes in the range of $1 billion per day. The exchange had witnessed its highest volume of over $8.5 Billion earlier this year. Speaking of Bitcoin’s current low volatility, Hayes stated: We think we’re well positioned to weather the low volatility. There are some reports of other OTC dealers and exchanges letting go of employees because obviously volumes have fallen and they hired aggressively. Our expansion plans have not changed, we continue to hire across the whole organization, and we have the balance sheet resources to continue that activity. Live Bitcoin News reported last week about Coinbase laying off 15 remotely located employees. Do you agree with Hayes’ views of a prolonged Bitcoin bear market? Let us know in the comments below. Images courtesy of AdobeStock and Shutterstock. The post Bitcoin Bear Market Could Last Another 12 - 18 Months, Says BitMEX CEO appeared first on Live Bitcoin News.

10 days ago

Cardano (ADA) Short & Long Term Price Predictions

Welcome to our first price prediction article. For this one, we chose a less risky cryptocurrency such as ADA. ADA now have a +2793% ROI for the ICO hodlers. However, the ROI exceeded 30,000% when ADA reached its previous all-time high. But can ADA rise to its all-time high again or will slowly decline over the time? Let’s try and answer this question. Cardano Price Predictions The first price prediction comes from DaniilDegtyarev. As he pointed our, Cardano seems to have touched the bottom in the last price drop and should move forward from now on. His prediction foresee an increase in price between 70% and 460% until February 2019. According to him, ADA has reached its lowest point or will touch one between $0.062 and $0.07 in the short future - followed by an increase of 5 cents or even a possible 32 cents. In case you want to try his strategy, you can also go long on Bitmex and earn more profit. The second interesting Cardano price prediction is a short term one made by Coinkilavuz on TradingView. He claims that if Cardano will stay above $0.06957 - we can expect to see a small increase to a $0.07372 in the short future. He claims that the increase could come in a few days, as the price will recover to the 29th October’s price track. But of course, for this to happen - Bitcoin needs to keep his current price at least - if not increase by a 1-2%. If it happens as he claims, there would be a nice profit for the people who went long on this on Bitmex The 3rd Cardano price prediction is made by Turningmecard. He claims that Cardano is on a ‘dark downtrend channel’, but its extremely possible to exit this one in the short future .As we notice from the chart, there’s a fallin wedge which probably needs another leg down - possibly bringing the ADA price to a 4-5 cents before a reversal. But, he thinks that for now Cardano have a bearish pattern that will not change in the short future - so most likely the wise decision would be to wait for it to reach 4-5 cents and see how the market is doing then. However, the next trader is a bit more optimistic about ADA’s future. Lukyn406 thinks that an ABCDE pattern followed by a basic 5 wave sequence is the future for Cardano. He believes that a buy zone for Cardano would be between $0.064 and $0.065 followed by an increase to $0.09 in mid November. The increase will be followed by a retrace in mid December and reaching the $0.12 price again by January 2019. The 5th opinion on Cardano’s future price takes a lot into consideration the latest news from the Cardano community - More exactly how IronX exchange will use ADA as a based cryptocurrency - fact that should increase adoption & usage of the cryptocurrency. This analysis was made by CryptalDash. His opinion on the price is the following: The announcement was made yesterday, October 31, when ADA has reached the $0.071 low. There it has rejected 78.6% Fibonacci retracement level along with the lower trend line of the descending channel . Also, RSI oscillator formed a bullish divergence and then broke above the downtrend trend line , signaling on the potential trend reversal. Indeed, ADA/USD might finally reverse to the upside. But there is one obstacle that it has to overcome. It is the $0.071 resistance level , where channel trendiness are crossing, confirmed by 61.8% Fibonacci retracement level. Upon the breakout, upside momentum should increase, resulting in more ADA gains. Price could reach the key resistance at 61.8% Fibs level, that is $0.081 price, where previously ADA/USD rejected the 200 Moving Average. However, as long as Cardano remains below the $0.067 support, downtrend will remain valid. And if it breaks lower, ADA/USD can be expected to drop down to either $0.067 or $0.064 support level . Cardano’s Recent News - Stronger than ever Icarus wallet passed security audit - Icarus is a Emurgo project to create a light wallet with the same features as the Daedalus one but way easier to use. On October 21st, the wallet passes its audit and its ready to move forward. Also, in the same day, the IOHK CEO Charles Hoskinson declared that he would no longer be a part of the Cardano Foundation .More information about this news on InvestInBlockchain Cardano can now be stored on Trezor Wallet - The announcement appear on CHarles Hoskinson’s Twitter where he declared that Trezor wallet will be supporting ADA in the next update - fact that already happen and now any Cardano hodler can store their ADA on Trezor. Their competitors, Ledger, plan to list Cardano in November or December. More details on AMBcrypto Cardano Proof-of-stake updates - In a post on Reddit, the company announced that they will create a series of blog posts where they would offer more details about the Cardano staking plan and how will Cardano fight against large stake holders that can put the decentralization part at risk. More details on Reddit. IronX Exchange will use ADA as a base cryptocurrency - People would be able to trade ADA for sha

10 days ago

Ripple’s XRP Outperforms But Does it Have More Downside Risk?

Ripple’s digital currency XRP has underperformed Bitcoin for the majority of this year. Yesterday, in line with most altcoins, XRP managed to outperform. XRP still trades in a range despite this rise and may have much more downside risk than upside potential. Price for XRP currently trades near $0.45, after increasing from about $0.44 yesterday. Price action has been trading in a range from about $0.425 to $0.475. There is potential resistance around $0.49 which was a point of significant trading activity in the past so there may be an increased possibility for XRP to break to the downside of the range as opposed to the upside. Just a few weeks ago, prior to the official announcement of 0x project’s listing to Coinbase Pro, XRP traded near $0.29. This shows the potential of sellers in the market to bring the price down to these points. XRP Daily Chart - Source: Tradingview.com With Bitcoin representing 54% of the entire cryptocurrency market cap, its movements have a significant impact on those of altcoins. If Bitcoin makes bullish movements, there would be a far increased possibility of XRP breaking its range to the upside. With Bitcoin currently approaching the end of a triangle pattern which it has been forming since March, traders in XRP should monitor both the price action of XRP and the price action of the market leader Bitcoin. Bitcoin Daily Chart - Source: Tradingview.com Key Takeaways: XRP outperforms on yesterdays increase but continues to trade in a range. There are some factors which point to an increased likelihood of XRP price action breaking its trading range to the downside as opposed to the upside. Traders in XRP should monitor both developments in the price of XRP but also developments in Bitcoins price action. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Ripple’s XRP Outperforms But Does it Have More Downside Risk? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

10 days ago

South Korean Crypto Exchange Bithumb To Launch US Security Token Platform

In spite of their relative youth, security tokens have been lauded as the inevitable future of the crypto and blockchain industry. While some pundits would beg to differ, security tokens moved a step closer towards global adoption on Thursday, as it was revealed that Bithumb has plans to launch a cutting-edge U.S.-based platform. South Korea’s Bithumb Joins Hands With US-based SeriesOne Per an exclusive report from Yonhap News, a Seoul-based news outlet, Bithumb, a leading cryptocurrency startup in South Korea, has just inked a strategic deal with SeriesOne. The unexpected deal, which was relayed by anonymous industry sources, reportedly outlined a collaborative effort between the two aforementioned entities that would see SeriesOne, an America-based crypto-centric crowdfunding portal, help Bithumb establish a platform in the United States. The platform, which will be backed by “technical support” from SeriesOne, will reportedly be hinged on the trading of security tokens, which are blockchain-based tokens that mirror real-world assets deemed securities by financial regulators. Commenting on the apparent move, an official from the aforementioned South Korean cryptocurrency platform told Yonhap: “SeriesOne actively sought to strike a deal with Bithumb after assessing it as the most suitable partner... Bithumb will ramp up efforts to develop into a global financial firm as the blockchain-based asset tokenization is expected to spread globally down the road.” According to those familiar with the matter, SeriesOne is eyeing to launch the security token platform, which remains unnamed, in the U.S. during the first half of 2019. While SeriesOne is a lesser-known startup in the broader cryptocurrency ecosystem, many have high hopes for the partnership, as the crowdfunding firm has been accredited by the Securities and Exchange Commision (SEC), the de-facto regulatory face of America’s financial markets. On the other end of the partnership, SeriesOne has established a South Korean subsidiary, presumably with Bithumb’s help and local expertise, to issue and offer security tokens within the Asian nation. This move comes only weeks after Bithumb and One Root Network unveiled their globally-focused decentralized exchange (DEX), which allows consumers to issue crypto-to-crypto trades without routing their information through a centralized authority or body. The Push For Security Token Adoption For the uninitiated, as alluded to earlier, security tokens are a recently-established genre of cryptocurrency that allows for retail, institutional, and merchant investors to hold securitized assets, like shares, bonds, and options, via blockchain technologies. While the classical management system for securities is still functional, the sentiment is that over time, as crypto assets continue to garner traction, consumers and corporations alike will seek to make legacy programs more effective, cost-efficient, decentralized, and easier to track by situating said programs on blockchains and similar contemporary mediums of data storage. And although security tokens have yet to see worldwide approval, this sub industry has seen its fair share of positive developments in the past few months. In early-September, David Sacks, Paypal’s former chief operating officer, was revealed to have joined the advisory board of 0x, the company behind the well-known decentralized exchange protocol that shares its name. As per a Fortune report, Harbor, a compliance platform aimed at the security tokens space, will be working with 0x alongside Sacks, who is invested in Harbor. Speaking on the partnership 0x CEO Will Warren, who is a die-hard for tokenized securities, expressed his excitement for this emerging cryptocurrency type, stating: “In the next five years, there will be a massive shift away from securities being in closed systems that are highly regulated and hard to access. It will be a much more open system where trading location is less important. But for this to happen, there needs to be a security token tech stack.” Laimnonas Noreika, CEO of Desico, echoed this sentiment, recently telling Forbes: “Tokenized securities are bridging the gap between traditional financial markets and crypto markets because they are aligned with everyone’s interest. Regulators want to protect the investors, investors want their assets tradable, and crowds from all over the world want to invest in the most promising startups at an early stage.” So make no mistake, although security tokens may seem like nothing more than a catchy buzzword, this innovation, which is still getting fleshed out, could be the sole catalyst that pushes the cryptocurrency market to new heights. Featured Image from Shutterstock The post South Korean Crypto Exchange Bithumb To Launch US Security Token Platform appeared first on NewsBTC.

11 days ago

BitMEX CEO: Crypto Bear Market May Continue Into 2019, But We’re Prepared

Arthur Hayes On Bitcoin (BTC) And Crypto: Volumes Could Fall Further, Volatility May Remain In an unexpected turn of events, one of the cryptocurrency industry’s foremost advocates, Arthur Hayes of Hong Kong-based, Seychelles-registered BitMEX, has claimed that Bitcoin may not be poised to undergo a reversal... or at least not yet anyway. Speaking with Yahoo Finance U.K. at a The Spectator-sponsored event, Hayes brought attention to his views on the crypto market’s current state of affairs, surprisingly seeming more pessimistic than optimistic. The BitMEX CEO, who formerly worked as a trader at Deutsche Bank and Citi, explained that the current levels of volatility in cryptocurrency markets, which have been underwhelming (to say the least), could continue for “another 12 to 18 months.” Hayes went on to add that his prediction for the continued “flatness” of the cryptocurrency market can be chalked up to his five years of experience trading Bitcoin (BTC), which began after he got laid off from Citibank, one of the world’s foremost financial institutions. He elaborated, touching on his multi-year experience by stating: I’m just basing it off my previous experience. I started in bitcoin in 2013 when the price went from $250 to $1,300 and then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, very difficult to make money. Alluding to the fact that BTC could fall further, Hayes added that “we (BitMEX)” believe that trading volumes could fall further from “where they are now.” Considering that Hayes’ business, BitMEX, is only as profitable as the number of trades put through the popular mercantile exchange, many have come to believe his most recent comment. This call comes just months after Hayes issued and then doubled-down on an off-the-cuff forecast for BTC, in which he stated that the leading crypto asset could surpass $50,000 by the time that January 1st, 2019 strikes. At the time, Hayes, who was speaking to CNBC Fast Money and its panel of traders, noted that “we are one positive regulatory decision away” from reapproaching Bitcoin’s all-time high and likely surpassing it. However, as alluded to earlier with his comments to Yahoo Finance, his prediction has likely since been retracted. Still, while BitMEX’s CEO essentially did a U-turn, turning to the ‘dark side’, so to speak, a multitude of his industry leader peers have expressed a much more positive outlook. Speaking with Yahoo Finance U.K., Will Warren, the co-founder of 0x, referenced his history in this industry, but unlike BitMEX’s chief executive, claimed that this market is undergoing a consolidation phase and could move higher in due time. Warren added that he believes that the long-term trend for this industry will be “greater [worldwide] adoption of bitcoin and similar technologies.” Mati Greenspan of eToro, which recently listed BInance Coin (BNB), echoed this sentiment, telling Yahoo that increasing awareness and education level in crypto markets may catalyze a rapid bull run, but didn’t give the media outlet any specifics about an exact timeline. Regardless of the short-term future for crypto assets, BTC included, Hayes of BitMEX, which offers margin trading contracts for almost a dozen crypto assets, expressed that his startup is poised to “weather the low volatility.” Title Image Courtesy of Thought Catalog via Unsplash The post BitMEX CEO: Crypto Bear Market May Continue Into 2019, But We’re Prepared appeared first on Ethereum World News.

11 days ago

Coinbase Focusing on Token Addition, Not IPO, Is Good News for Users

Coinbase, Cryptocurrency Exchanges-Coinbase has had an interesting news cycle over the last several days. Reports coming out earlier in the week and last had it that the company was planning an Initial Public Offering (IPO), a move that has long been rumored to occur but thus far gained little traction. On Oct. 30, Bloomberg reported that the company was on pace to bring in $1.3 billion in revenue despite 2018 being a near continuous down year for cryptocurrency, a figure that magnifies just how profitable both the industry and well-established exchanges can be (Binance is also projected to rake in over a billion). With the slumping crypto market for Bitcoin and altcoins taking a stranglehold on development for the industry, Coinbase has continued to capitalize on the tug of war in pricing, while doing little in the interim to improve its product. Now, the company is at least giving the appearance that the lack of coin addition is coming to an end. Since announcing in July that the company was exploring five new cryptocurrencies-Cardano, Stellar, Basic Attention Token, 0x and Zcash-the exchange has managed to only list 0x, with no updates on whether the other coins will still be added to the exchange or a timetable on such on a development. While the spectre of the December 2017 Bitcoin Cash debacle is still looming heavy over the exchange, one which produced class action lawsuits that are still being acted upon by courts, Coinbase has been alarmingly slow in responding to the number one request by its 13 million plus userbase: the addition of more altcoins to compete with the offering of exchanges like Binance, Bittrex, etc. At present, Coinbase only offers seven currencies: Bitcoin, Ethereum, Litecoin, 0x, USD Coin (only offered to certain customers), Bitcoin Cash and Ethereum Classic, with the latter two largely finding their way onto the exchange due to the nature of their forked origins. Despite the user-friendly appeal of Coinbase and the easy to get started mobile application, the exchange has been far behind in offering a comprehensive selection of coins for investors to build their portfolios. Instead, the exchange has held to a position of being a major supporter of Bitcoin and cryptocurrency, and therefore thoroughly vetting products before releasing them to customers. However, the company’s President and Chief Operating Officer Asiff Hirji told Bloomberg TV earlier today that the exchange is planning to vastly increase its offering, in addition to squashing rumors about the IPO. “There’s not going to be an IPO any time soon; we have so much to do.” Rather than continuing to focus on pumping the company and its appearance to improve IPO share prices, Hirji states the exchange is focused on improving the product first to the benefit of its userbase. As expected, the company has targeted increasing its selection of currencies as the first step in creating a more competitive and appealing exchange for veteran and new investors alike, “We offer seven [coins], so you should expect us to go from seven to that total number we think is worth it [200 - 300] over the next year or so...Some things will be offered in the U.S., but more things will probably be offered outside the U.S.” While an IPO for Coinbase will undoubtedly improve the marketing appeal of the crypto industry by creating another foothold in the traditional markets, the short term move to improve the exchange’s coin selection should greatly enhance the experience of the current customer base. The post Coinbase Focusing on Token Addition, Not IPO, Is Good News for Users appeared first on Ethereum World News.

11 days ago

Time to go Long Ripple’s XRP?

Ripple’s digital currency XRP is now trading near the bottom of the range it has been forming since its appreciation on the news of 0x Project listing to Coinbase Pro. XRP possibly appreciated on the official announcement of the listing due to many investors believing XRP is next in line to be listed on Coinbase Pro. XRP experienced a drop on Monday in line with the rest of the market and now trades near the bottom of the range it has formed over the past two weeks. Whether this is a good position to enter depends on which way the range is going to break out. If price were to stay in the range, this would be an attractive position, but this trade runs the risk of price breaking out in the wrong direction. XRP - Daily Chart The direction that XRP breaks out of the range is likely to depend a lot on the market leader Bitcoin. The recent drop which took place on Monday resulted in altcoins losing further value in comparison to Bitcoin. Bitcoins percentage of the cryptocurrency market cap is now over 54%, and its movements are likely to have a significant impact on those altcoins. Bitcoin Daily Ripple’s XRP has lost significant amounts of value in relation to Bitcoin this year. Priced around 180,000 satoshis (0.00180000 Bitcoin) in January, XRP is now priced around 70,000 satoshis. XRP Priced Against Bitcoin Key Takeaways: XRP trades near the bottom of a range it has formed for the past two weeks which some may see as an attractive entry point. Whether it is an attractive entry point depends on how XRP exits the range With Bitcoin representing over 54% of the cryptocurrency market cap, its movements are likely to determine how XRP will exit the range XRP has lost significant value compared to Bitcoin this year moving from 180,000 satoshis to 70,000 satoshis Time to go Long Ripple’s XRP? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

11 days ago

Coinbase Valuation Hits $8 Billion Following $300 Million Investment

Coinbase, the largest crypto exchange headquartered in the United States, now has a valuation of over USD 8 billion following USD 300 million of investments during the Series E equity round. This is a 433% increase of Coinbase’s valuation, which was USD 1.5 billion in the summer of 2017. This investment round was led by Tiger Global Management, and included investments from Andreessen Horowitz, Y Combinator Continuity, Wellington Management, and Polychain. This investment money will be used for global expansion, where Coinbase will be launching fiat to crypto trading in regulated markets worldwide. The money will also be used to accelerate the addition of as many crypto assets as possible. Coinbase President and COO Asiff Hirji said, “We see hundreds of cryptocurrencies that could be added to our platform today and we will lay the groundwork to support thousands in the future.” This is a major change from the fewer than ten cryptocurrencies listed currently. Already, this process has begun with the addition of 0x and USD Coin during the month of October 2018. A major utilization of this investment money will be for building infrastructure to target institutional investors. Coinbase has already launched Coinbase Custody, which is now a qualified custodian in the United States. Institutional investors require a combination of qualified crypto custodians, crypto hedge funds, and proper investment products. It appears Coinbase will try to do all of these things. It is generally believed that institutional investors will cause the next big crypto rally. Further, the exchange will use the investment money to build crypto utility applications, such as a Coinbase wallet, and will engage in partnerships to build new crypto and blockchain technology. Coinbase is already dominant among United States crypto exchanges, with USD 1.3 billion of revenue projected in 2018, and this USD 300 million investment will likely increase this dominance. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Coinbase Valuation Hits $8 Billion Following $300 Million Investment appeared first on BitcoinNews.com.

11 days ago

Could BAT Be The Next Coinbase Listing?

A Coinbase listing is often held up as the crowning achievement for a project. This is partly because the exchange keeps its assets exclusive, but also because it is the most popular fiat-to-crypto platform. Listed tokens are automatically more accessible than they ever were previously. The recent surge in the Basic Attention Token price comes as rumors over a BAT Coinbase listing continue circulating. Is this something we should pay attention to? The BAT price has been creeping upwards for a while now. The token was trading at around $0.13 in mid-September and steadily started to climb towards the end of the month. Tokens hit $0.17 by the beginning of October but surged midway through the month. Within the space of a week, BAT went from $0.18 to $0.28. Per token that’s not that much, but it represented a $100bn boost for the coin’s market cap. Tokens have since corrected back to approximately $0.24. So what’s causing the surge? The project hasn’t announced any major developments. The only positive story, unrelated to Coinbase, is the new Brave Browser is reportedly the fastest yet. According to the project’s blog post, its load time is on average 22% faster than the older version. But is this enough to explain increasing investor enthusiasm? Maybe, maybe not. It just so happens to coincide with speculation over a potential BAT Coinbase listing. A new Coinbase listing policy The sector’s favorite past time used to be guessing which asset was next in line for a Coinbase listing. Crypto Briefing was not immune to this. Our own Andrew Macdonald went deep into which projects he thought were the likely candidates. He got one right when the decentralized exchange coin, 0x (ZRX), was listed earlier this month. But the times are a’changing. Coinbase updated its listing policy in late September. No longer will the exchange disregard pleas for more assets. The new mission is to list assets, and list them fast. In a blog post last month, Coinbase said it would “rapidly” list all of the assets that met legal requirements as well as its own standards. The exchange now asks projects to submit an application for their consideration, which they’ll then evaluate against their Digital Asset Framework. “With this shift in process, our customers can expect us to list most assets over time that meet our standards,” Coinbase said. Is BAT next in line? The Basic Attention Token works, as part of the blockchain-based Brave Browser, to address the systemic issues in digital advertising; something Crypto Briefing has touched on before. BAT is a utility token, expected to be used by advertisers to reimburse publishers for their ad-space, as well as to users for watching or clicking on adverts. So does BAT meet the mark? That depends on whether it fits in with Coinbase’s Digital Asset Framework. There are six categories, such as whether a proposed asset suits the exchange’s core mission and values as well as whether the technology is of a high enough standard. Whether there’s a working product as well as its overall utility and legaility, particularly in the US. BAT fulfills many of the requirements. It has so far avoided unwanted attention by American regulators. Although Brave hosted an ICO last year - for which it raised $36m - the project made sure to include disclaimers in its whitepaper that it did not promise any financial returns. This is crucial. Many projects have faced pressure by the SEC to buyback tokens sold during ICOs because they suggested the tokens would rise in value, making them an unlicensed security sale. The number of monthly active users on Brave has tripled, from 1m in December 2017, to 3m by the middle of July, this year. It has also expanded its advertising model to YouTube, offering content creators the opportunity to make some sort of return from marketing. This not only shows a working product but also that the Brave Ledger - what BAT works on - is scalable. That the Brave Browser is improving in speed shows it can continue to increase its effectiveness as it onboards new users. Is BAT decentralized enough? Not everything about BAT will match perfectly to Coinbase’s requirements; the exchange requires that listed assets are decentralized protocols. Industry figures have criticized the Brave team for placing themselves in a position of power. To date, they determine the proportion of BAT that goes towards publishers and users. That said, Coinbase is hardly in a position to pass judgment. It has long been a market maker. Team members within Ethereum Classic (ETC) have said they felt “vindicated” when they were listed on the exchange’s servers in early June. The project has since seen increased developer activity and users returning back to the fold. Coinbase may say its committed to the decentralized agenda, but it has no plans to relinquish its privileged position. Convenience at the heart of a BAT Coinbase listing The decision may not be made on high principle. Coinbase has long said it would sup

12 days ago

Basic Attention Token [BAT] Bullish While Market Consolidates

Analysts online have been bullish about Basic Attention Token, BAT. The Ethereum-based token which seeks to disrupt the digital advertising space has been appreciating since the listing of 0x Project to Coinbase Pro. The projects hold some similarities with both being based on the Ethereum blockchain, and analysts anticipating that BAT has a strong chance of being listed to Coinbase Pro in the future. Price has increased from a low of $0.15 on the day the listing of 0x Project was officially announced to trading near $0.25 in today’s price. Price reached highs of $0.3 earlier in the month but has since started to retrace. BAT Daily Chart - Source: TradingView.com Price has been appreciating significantly today as the discussion around the prospects of BAT increase. Price action reached an intraday high of $0.26 earlier today but has retraced to $0.24. Price action has been on significant volume despite much of the cryptocurrency market consolidating on low volume. BAT Hourly Chart - Source: TradingView.com The bullish movements of BAT may not be sustained if the cryptocurrency market takes a downward turn. To gauge the overall market, it is advisable for traders to monitor the price action of the market leader Bitcoin. Bitcoin currently represents over 54% of the total market capitalization, and its movements have a significant impact on those of altcoins. Bitcoin has been consolidating on low volume for the past two weeks but made some bearish movements yesterday. Bitcoin Daily Chart - Source: TradingView.com Key Takeaways: BAT has been outperforming since the listing of 0x Project to Coinbase Pro. BAT moved from $0.15 to a monthly high of $0.3 but has since retraced to $0.24. BAT is making more bullish movements today as the discussion around the project increases. It’s important for traders in BAT also to monitor market leader Bitcoin as its movements can have a significant impact on the altcoin market. Basic Attention Token [BAT] Bullish While Market Consolidates was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

12 days ago

Does XRP Stand a Chance of Being Listed to Coinbase Pro?

After the recent listing of 0x Project to Coinbase Pro, many investors are looking out for the next project which is going to be listed. The third largest cryptocurrency by market cap, Ripple’s XRP, has long been anticipated by investors to be worthy of a listing. The listing has never materialized, but there is renewed optimism for investors after the listing of 0x Project. This has been reflected in the XRP price. On the day of the official announcement that 0x Project would be listed, XRP began appreciating from a low of $0.29 up to trading around $0.44 where its current price is. Source: Coinmarketcap.com Coinbase Pro currently has six assets listed. These are Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, and 0x Project. With 0x Project ranked 25th in terms of total market cap and Ethereum Classic ranked 16th, why did these get listed while XRP remains unlisted? The Digital Asset Framework Coinbase’s procedures for listing assets are transparent. Projects which wish to be listed initially fill out a form and Coinbase evaluates projects against their digital asset framework. The framework matches assets up against six key areas: Coinbases Missions and Values The Technology Legal and Compliance Market Supply Market Demand Crypto Economics How Does XRP Match Up? XRP matches up extremely well with some of these criteria but is far off when it comes to others. In terms of market supply and demand, XRP is a perfect match. The asset is extremely liquid, is listed on almost every exchange, and has huge interest from the community. There are also a number of developers building projects on top of the XRP blockchain. The technology XRP uses is also extremely fast and scalable. The team is well capable and consists of high-level professionals with significant experience. When it comes to the other key areas, XRP does not match up as well. The Coinbase missions and values place emphasis on decentralization, economic freedom, equality of opportunity, and innovation. Being the first cryptocurrency to focus on business solutions to remittance payments, XRP is innovative, but its level of decentralization is highly questionable. The other assets listed on Coinbase Pro use proof-of-work (POW) to achieve consensus whereas XRP has its own Ripple Protocol Consensus Algorithm (RPCA). RPCA is a far different system from POW and Coinbase may very well consider that it is not decentralized. On top of this, Ripple owns over 55% of the total XRP in existence. This goes against a number of criteria that Coinbase which include both Coinbase’s values and their crypto economics considerations. It does not provide equality of opportunity with a large number of the supply being held by a small number of wallets (81% of the total tokens are held by the top 100 XRP wallets). XRP is also developed to be a business solution for business users. The rest of the assets which have been listed to Coinbase Pro are developed to be easily accessible to anybody who wants to participate. Coinbase Pro have described Economic Freedom, one of their values, as follows: “A measure of how easy it is for members of a society to participate in the economy. The technology enables individuals to have more control over their own wealth and property, or the freedom to consume, produce, invest, or work as they choose.” There are also questions over XRP’s legal status with many speculating that down the line it may be considered a security. Coinbase would simply not want to expose themselves to such a risk and have stated so in their Legal and Compliance criteria in the framework. While the anticipation from investors for XRP being listed to Coinbase Pro is unlikely to go away, the chances of an actual listing appear slim when Coinbases criteria are matched up to XRP. Does XRP Stand a Chance of Being Listed to Coinbase Pro? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

12 days ago

ERC20 Tokens Fly While Ether Languishes

It is still too easy to see the cryptocurrency market has a single entity. A bull market creates a sea of green, whereas a bear drags all 2,081 tokens into the red. But this is changing. Price movements are diversifying. Even the ERC20 tokens, running off the Ethereum (ETH) network, are beginning to demonstrate independence. SANbase, a decentralized data and analytics tool provider, found price movements from three ERC20 tokens, 0x (ZRX), Maker (MKR) and Basic Attention Token (BAT), had diverged from the network’s native virtual currency, Ether. The tokens have all experienced palpable price surges since roughly the middle of September. The 0x price is up by 60% at the time of writing. Maker, the proprietary token that helps stabilize the DAI price, has nearly doubled in value (95% up) over the same timeframe. BAT meanwhile has increased by just under 50%. In comparison, the ether price has almost flatlined since the beginning of September. Following a near-uninterrupted slide since the start of May, ETH has hovered within a tight range just above the $200 mark in the past 90 days. It peaked at $240 towards the end of September, with a low at approximately $192 in mid-October. Crypto divergence from Ether Cryptocurrency prices used to be highly correlated because they were essentially influenced by the same factors. The market hemorrhaged $100bn when the SEC, America’s financial regulator, postponed its Bitcoin (BTC) ETF ruling in August; and a further $50bn when Goldman Sachs postponed its BTC trading desk. Ethereum has continued to battle longstanding problems. The platform’s core development team has yet to address its scalability limitations that have hamstrung further development. All the while facing increasing competition from rivals, including Cardano (ADA) and EOSIO (EOS). The three tokens - ZRX, MKR and BAT - have been subject to renewed investor interest over the past two months. Popular cryptocurrency exchange, Coinbase, announced in mid-October it would list 0x on its servers by the end of the week. This caused a price spike, with 0x trading at over $0.90, the highest it had been in more than two months. Maker’s sistercoin, the stablecoin DAI, was added to the decentralized predictions platform, Augur (REP) earlier this month. The American venture capital fund, Andreessen Horowitz also invested $15m into the team of developers behind the MKR project towards the end of September. BAT meanwhile mirrored ether’s price moves well into October. Rumors have been circulating that it could be listed on Coinbase. This is partly because it is an ERC20 token, which would make it easy to add from a technical perspective. ERC20 prices going their own way Although diversifying ERC20 prices from that of Ether might indicate a divergence, not everyone agrees. Mati Greenspan, the senior market analyst at eToro, argues investment decisions have rarely been swayed by the platform. He thinks that the quality of the project itself has always been the predominant factor. “If the project is good, people will invest in it regardless of which blockchain the tokens ultimately reside on,” he said. Crypto is becoming user-friendly. As it becomes integrated with the mainstream, the technical aspect will gradually slip from the public eye. Adopters want a functioning project. At an industry meet-up last week, figures from prominent projects admitted that the focus will shift away from technical discussions and decentralization debates, to utility. ERC20 prices are no longer apeing Ether. This is a sign the process has already begun. The author is invested in BTC and ETH, which are mentioned in this article. The post ERC20 Tokens Fly While Ether Languishes appeared first on Crypto Briefing.

12 days ago

0x Project [ZRX] Retraces Its Coinbase Effect Gains

While most of the cryptocurrency market has been consolidating over the past two weeks, 0x Project has been declining. 0x Project, ZRX, increased after speculation and an official announcement that it would be listing to Coinbase Pro. Known as the Coinbase effect, projects that get listed to Coinbase undergo significant appreciations as their projects are opened up to significant amounts of capital. The project has been retracing over last week moving from around $0.93 on Bitfinex to its current price near $0.77. The prices on Bitfinex trade at a premium compared to Coinbase due to the recent crash in USD tether. The momentum is largely on the side of sellers with the RSI forming lower lows and lower highs, and also the MACD converging to the downside. ZRX Daily on Bitfinex Chart - Source: Tradingview.com The longer-term price prospects for the project remain uncertain, but in the near-term, ZRX seems to be undergoing a correction. Today’s bearish movement in Bitcoin is also being mirrored by the project. Bitcoin ended a two-week period of consolidation with a significant movement to the downside. The main part of the drop occurred over the space of two hours and the same can be seen in ZRX. After trading sideways for a few hours after the drop, ZRX seems to be continuing with another move to the downside showing a bear flag pattern taking place on the hourly chart. ZRX Hourly Chart - Source: Tradingview.com Key Takeaways: ZRX has been decreasing in price over the past week while the rest of the market has been consolidating showing a correction after its listing to Coinbase. ZRX has mirrored market leader Bitcoin breaking bearish over the course of two hours. ZRX has formed a bear flag on the hourly after trading sideways after the initial drop and then continuing its move to the downside. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. 0x Project [ZRX] Retraces Its Coinbase Effect Gains was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

13 days ago

XRP Among Underperforming Altcoins With Today’s Bearish Movement

Bitcoin broke the two-week pattern of low volume consolidation today with bearish downwards movement. Although Ripple’s digital currency XRP was initially outperforming when Bitcoin began its consolidation, it began to mirror Bitcoin and trade sideways over the past week. The initial increase for XRP, while the rest of the market was consolidating, was likely due to increased anticipation for XRP being listed to Coinbase Pro. Anticipation of altcoins being listed to Coinbase Pro increased after the recent listing of 0x Project. XRP Daily Chart - Source: Tradingview.com XRP is underperforming market leader Bitcoin in today’s drop. XRP is trading around $0.44, down from an open above $0.46. XRP is among most altcoins in this regard with the vast majority of altcoins dropping in comparison to Bitcoin. Bitcoin has proven to be a better store of value this year with its share of the overall market capitalization of cryptocurrencies now being over 54%. Bitcoin represented just 32% of the entire market capitalization in January of this year. XRP is the third largest cryptocurrency by market cap. It has far underperformed against the market leader this year. XRP was priced around 180,000 satoshis (0.00180000 Bitcoin) in January of this year but is currently trading around 70,000 satoshis. The lows of the year for XRP compared to Bitcoin was around 41500 satoshis but subsequently spiked leading up to the launch of Ripple’s xRapid product. Ripple’s xRapid product was the first of Ripple’s suite of services actually to require usage of XRP. XRP Price Against Bitcoin. Ripple Chart - Source: Tradingview.com Key Takeaways: XRP appreciated two weeks ago as investors reassessed possibilities of a listing to Coinbase Pro. XRP consolidated over the past week along with Bitcoin but underperforms Bitcoin on today’s drop. XRP has lost over 50% compared to Bitcoin this year dropping from 0.00180000 Bitcoins in January to near 0.00070000 today. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. XRP Among Underperforming Altcoins With Today’s Bearish Movement was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

13 days ago

Radar Relay, an 0x-Based Trading Platform, Lets Users Short Ethereum with New sETH Token

Radar Relay, which is a trading platform built on the 0x protocol, has unveiled “short tokens” that give investors the ability to hedge their bets against the crypto market. sETH is a token to short Ethereum (ETH), and it's the first in a series of short tokens that Radar Relay is developing in response to demand from sophisticated traders. According to the announcement, "sETH is a short position abstracted in an Ethereum token built on the dYdX protocol” and users can access the short token from their wallet just as they would "any other ERC20 tokens on the platform." (GT)

15 days ago

Radar Relay Targets Tokenized Shorts

There’s good news for Dr. Doom—you can now make money when crypto crashes, without needing to go through Augur or a centralized exchange. Radar Relay, a decentralized exchange built on the 0x protocol, has announced the launch of a new kind of asset—short tokens, which provide a payoff if the asset behind them declines in value. The first new token will be sEth, representing a short position against Ethereum. “Creating a token that allows for such functionality is a rather complex and difficult problem,” Radar Relay said in a Medium post. “[T]he dYdX team has been hard at work to bring new types of financial products to the cryptocurrency market.” The Big (Decentralized) Short In real-life exchanges, traders establish short positions by “borrowing” an asset that they expect to lose value. For example, if you expected Elon Musk to get in trouble, you might borrow some Tesla stocks and then sell them at market price. After the price drops, you’d then buy them back, return them to the lender and pocket the difference. That’s a trickier proposition in the world of decentralized assets, where private keys are the only real form of ownership. Although traders have developed ersatz means of betting against crypto, like through Tether, the only real short contracts to date are on centralized exchanges like Kraken. How Derivative This marks the first time where short contracts have been coded into a dApp token. “When you hold a Short Token, your returns depend on the inverse price movement of the underlying Token,” according to a brief explainer. “For sETH/DAI, when the price of ETH goes down, sETH price goes up.” Each Short Token represents a 28-day contract, during which time the tokens can be traded and sold as easily as an ERC-20. For example, sETH 6/15 represents a short against Ethereum that expires in mid-June. At the end of the contract, the tokens “expire and lock to the market price,” at which time the payout can be withdrawn in DAI stablecoins. The tokens are built on the dYdX exchange protocol, which is designed for decentralized margin and leveraged trades on the Ethereum blockchain. “Now users can get margin exposure by simply trading an ERC20 token,” dYdX Head of Operations Zhuoxun Yin said, in a press release. “Decentralized exchanges are a natural platform for Short & Leveraged Tokens, and we’re thrilled that Radar Relay is the first to support them.” Although only Ethereum shorts will be available at first, Radar Relay says that it is looking forward to tokenizing other short contracts—which means it may not be long until there are tradeable short contracts against Bitcoin or EOS. While shorts are a recent introduction, the dYdX exchange has plans for more complex smart contract tokens—including options, margin lending and more exotic derivatives, to allow traders to take positions at different levels of leverage and risk. At present, these are projected for release sometime next year. The author has investments in Ethereum, which is mentioned in this article. The post Radar Relay Targets Tokenized Shorts appeared first on Crypto Briefing.

15 days ago

5 Projects That Could be Next on Coinbase

0x is the third project added to Coinbase in the last 12 months. Which project will be next?Who’s next? 0x is the third project Coinbase has added in the last 12 months. The impact on the price of 0x’s ZRX token was very positive. Currently, Coinbase is exploring which coins to list next. Given the price jump of ZRX, it makes sense for cryptocurrency investors to try to anticipate which...

15 days ago

Wrapped BTC Is Coming to Ethereum

BTC is poised to make its Ethereum debut. An initiative involving several decentralized exchanges (DEXs) as well as crypto-custodians Bitgo will introduce ”BTC-backed” WBTC, with the W standing for “wrapped.” When WBTC launches in January 2019, it will enable ethereum-based ”bitcoin” to be traded on DEXs, boosting liquidity and opening the Ethereum ecosystem to a wider audience. Also read: Visa CEO Plays Down Cryptocurrency Threat, Indicates Possible Intervention Bitcoin Represented as an ERC20 Token Blockchains such as Bitcoin and Ethereum have always operated independently. While interoperability protocols have been under development for some time, achieving full compatibility between networks whose code is alien to one another is a complex task. The development of wrapped bitcoin does not mean that full synergy between bitcoin and ethereum has been attained. What it does mean is that BTC users can transact on ERC20 platforms using a native token that represents the bitcoin they’re accustomed to. As wbtc.network explains: “WBTC standardizes bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate bitcoin transfers ... The Ethereum network processes transactions faster than the Bitcoin network, but bitcoin holders don’t have to wait anymore. With WBTC, moving bitcoin between exchanges is much faster.” The initiative has attracted a host of major players from the worlds of Bitcoin and Ethereum. Led by Kyber, Republic Protocol and Bitgo, WBTC will launch with the aid of partners that include Airswap, Ddex, Hydrogen, Set Protocol, Compound, Maker, Dharma, Prycto, IDEX, Gnosis, Radar Relay and Blockfolio. The concept of wrapping a cryptocurrency to create an asset that is to all intents and purposes identical has already been trialled by the likes of 0x and Maker. The former’s Radar Relay and the latter’s DAI stablecoin both make use of WETH - wrapped ETH. More Convenience, Less Privacy Within the cryptoconomy, the only decentralized exchanges with any sort of meaningful volume all operate on the Ethereum network. IDEX, which is supporting WBTC, is the largest DEX by a wide margin. Should wrapped bitcoin prove successful, the exchange and others like it can expect a significant influx of liquidity as bitcoin-holders enjoy the convenience of WBTC over the laboriousness of needing to trade BTC for ETH before they can participate. That convenience comes at a price however. As wbtc.network explains: To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC/AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user. The prospect of requiring KYC to obtain an ERC20 token to trade on a decentralized exchange will be anathema to many of the individuals inclined to use such a platform. It is unclear whether there will be any other means to obtain WBTC without being forced to undergo KYC. The potential use cases for wrapped bitcoin include enabling dapps to accept bitcoin payments “for lending protocols, funds, prediction markets and token sales.” The benefits offered by ethereum-compatible bitcoin are manifold. The drawbacks, however, may be too much for the privacy-conscious to countenance. Would you use WBTC? Let us know in the comments section below. Images courtesy of Shutterstock and wbtc.network. Need to calculate your bitcoin holdings? Check our tools section. The post Wrapped BTC Is Coming to Ethereum appeared first on Bitcoin News.

16 days ago

Wrapped Bitcoin Is Coming to Ethereum

Bitcoin core is poised to make its Ethereum debut. An initiative involving several decentralized exchanges (DEXs) as well as crypto-custodians Bitgo will see BTC become WBTC, with the W standing for “wrapped.” When WBTC launches in January 2019, it will enable ethereum-based bitcoin to be traded on DEXs, boosting liquidity and opening the Ethereum ecosystem to a wider audience. Also read: Visa CEO Plays Down Cryptocurrency Threat, Indicates Possible Intervention Bitcoin Becomes an ERC20 Token Blockchains such as Bitcoin and Ethereum have always operated independently. While interoperability protocols have been under development for some time, achieving full compatibility between networks whose code is alien to one another is a complex task. The development of wrapped bitcoin does not mean that full synergy between bitcoin and ethereum has been attained. What it does mean is that BTC users can now transact on ERC20 platforms using a native token that represents the bitcoin they’re accustomed to. As wbtc.network explains: “WBTC standardizes bitcoin to the ERC20 format, creating smart contracts for Bitcoin. This makes it easier to write smart contracts that integrate bitcoin transfers ... The Ethereum network processes transactions faster than the Bitcoin network, but bitcoin holders don’t have to wait anymore. With WBTC, moving bitcoin between exchanges is much faster.” The initiative has attracted a host of major players from the worlds of Bitcoin and Ethereum. Led by Kyber, Republic Protocol and Bitgo, WBTC will launch with the aid of partners that include Airswap, Ddex, Hydrogen, Set Protocol, Compound, Maker, Dharma, Prycto, IDEX, Gnosis, Radar Relay and Blockfolio. The concept of wrapping a cryptocurrency to create an asset that is to all intents and purposes identical has already been successfully trialled by the likes of 0x and Maker. The former’s Radar Relay and the latter’s DAI stablecoin both make use of WETH - wrapped ETH. More Convenience, Less Privacy Within the cryptoconomy, the only decentralized exchanges with any sort of meaningful volume all operate on the Ethereum network. IDEX, which is supporting WBTC, is the largest DEX by a wide margin. Should wrapped bitcoin prove successful, the exchange and others like it can expect a significant influx of liquidity as bitcoin-holders enjoy the convenience of WBTC over the laboriousness of needing to trade BTC for ETH before they can participate. That convenience comes at a price however. As wbtc.network explains: To receive WBTC, a user requests tokens from a merchant. The merchant then performs the required KYC/AML procedures and verifies the user’s identity. Once this is completed, the user and merchant execute their swap, with bitcoin from the user transferring to the merchant, and WBTC from the merchant transferring to the user. The prospect of requiring KYC to obtain an ERC20 token to trade on a decentralized exchange will be anathema to the sort of individuals inclined to use such a platform. It is unclear whether there will be any other means to obtain WBTC without being forced to undergo KYC. The potential use cases for wrapped bitcoin are extensive, including enabling dapps to accept bitcoin payments “for lending protocols, funds, prediction markets and token sales.” The benefits offered by ethereum-compatible bitcoin are manifold. The drawbacks, however, may be too much for the privacy-conscious to countenance. Would you use WBTC? Let us know in the comments section below. Images courtesy of Shutterstock and wbtc.network. Need to calculate your bitcoin holdings? Check our tools section. The post Wrapped Bitcoin Is Coming to Ethereum appeared first on Bitcoin News.

16 days ago

Where Does Ripple [XRP] Go From Here As Its Price Stagnates With Rest of the Market?

After appreciating in response to the 0x Project listing to Coinbase Pro, Ripple’s digital currency XRP is back consolidating along with the rest of the market. Recent price action is trading around $0.45 and is holding above the 50 EMA. The 200 EMA is trading above and could act as resistance in the event of […] Where Does Ripple [XRP] Go From Here As Its Price Stagnates With Rest of...

16 days ago

Radar Relay Adds sETH, a Token for Shorting Ethereum

sETH, a tokenized derivative product for shorting Ethereum (ETH), is now available for trading on Radar Relay, a peer-to-peer trading platform for Ethereum-based tokens built on the 0x Protocol. sETH, short Ethereum built on @dydxprotocol, is now available on Radar Relay. Learn more here: https://t.co/pBrMV5t48K — Radar Relay (@RadarRelay) October 24, 2018 sETH is a product of dYdX,

17 days ago

0x (ZRX) Retraces Slightly From High; Can the Bulls Regroup and Push the Market Above $1.00 again?

0x Coin has seen a small price decline totalling 1.26% over the past 24 hours of trading. The cryptocurrency is currently exchanging hands at a price around $0.8487 after seeing a significant 22% price increase over the course of the past 30 trading days. The ERC-20 based cryptocurrency has been designed to help to facilitate decentralised exchanges in their mechanisms. It leverages an off-chain orderbook and therefore requires no trading fees at the same time being able to offer trustless transactions. It is a system that facilitates decentralised trading rather than a decentralised exchange itself. The cryptocurrency has recently enjoyed the addition of their project to the Coinbase exchange, on of the world’s leading exchanges, seeing a 22% price surge after its addition. However, the addition has come under much scrutiny as infestations have led to the conclusion amongst collusion between 0x and Coinbase. For example, 3 out of 5 advisors for 0x used to be Coinbase employees, leading to many to speculate that some may have benefited from the 0x addition with the additional information before the addition. 0x is currently ranked in 24th position in terms of overall market cap across the entire industry. It currently holds a total market cap value of $463 million after the 14 month old coin suffers a 26% price drop over the past 90 trading days. The token is still trading at a value that is 64% lower than its all time high price. Let us continue to analyse price action for 0x over the short term and continue to highlight any potential support and resistance zones for 0x. Price Analysis ZRX/USD - SHORT TERM - DAILY CHART https://www.tradingview.com/x/yQz9kb4K/ Analysing price action from the short term perspective above, we can see that athe market had reached support at a long term .886 Fibonacci Retracement level (drawn in black) pried at $0.4500. As price action reached this area it reversed and rebounded. It had also found support at a long term upward sloping trend line which helped the market to reverse as well. The market then surged from a low of $0.4530 on the 12th of September 2018 and extended all the way to a high of $1.0989 on the 17th of October 2018. The price increased totalled 144% from low to high. We can see that after placing the high, price action has now pulled-back slightly and is now trading at support provided by the short term .382 Fibonacci Retracement level (drawn in blue) priced at $0.8524. This Fibonacci Retracement level is measured from the bullish run outlined above. Moving forward, if the bears continue to pressure price action lower, we can expect immediate support below to be located at the short term .5 Fibonacci Retracement level (drawn in blue) priced at $0.7763. This area of support is also significantly bolstered by the medium term .786 Fibonacci Retracement (drawn in red) and the 100 day moving average which are both priced in the same area further adding to the expected support at this level. If the bears continue to push the market further below the support at $0.77 then more support below can be located at the short term .618 Fibonacci Retracement level (drawn in blue) priced at $0.70 followed by the short term .786 Fibonacci Retracement level (drawn in blue) priced at $0.5919. On the other hand, if the bulls regroup their effort and push price action higher, we can expect immediate resistance above to be located at previous resistance provided by the $0.95 handle. Resistance above this will then be located at the psychological round number handle at $1.00. IF the bulls can continue to penetrate above $1.00 there will be more resistance above at the 1.272 Fibonacci Extension level (drawn in green) priced at $0.1049. It is important to highlight that this level of resistance is further bolstered by a medium term .618 Fibonacci Retracement level (drawn in red). Further resistance above can then be expected at the 1.414 and 1.618 Fibonacci Extension levels (drawn in green) priced at $1.11 and $1.21 respectively. The post 0x (ZRX) Retraces Slightly From High; Can the Bulls Regroup and Push the Market Above $1.00 again? appeared first on ZyCrypto.

17 days ago


News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme