Augur REP

$17.49
Market Cap $ 192.384 MM (#34)
24h Volume $ 27.903 MM
Chg. 24h: 18.47%
Algo. score 4.4/5  (#8)
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Augur News

Crypto Market Wrap: Marginal Gains On a Flat Friday

Market Wrap Crypto markets are flat on Friday, Tron, Iota and Binance Coin shifting gear a little. Crypto markets are ending the week still flat with very little movement over the past few days. The odd one or two cryptocurrencies are moving a little but generally not much has gone on over the past 24 hours which has left total market capitalization still just above $120 billion. Bitcoin has moved up a little, but less than a percent gains has only taken it as far as $3,670. Daily volume has not changed from $5.3 billion and the consolidation continues. Bitcoin is at the same place it was last Friday after dropping to a weekly low of $3,550 before recovering to current levels. Ethereum has shown no movement since recovering from its Monday dump and is currently trading at $123, up half a percent on the day. Delays to Constantinople are doing no favours for ETH as it struggles to catch up to XRP in second place which is still over $600 million in market cap ahead. The entire top ten is showing green at the moment but gains for the majority are tiny. Tron is leading the way with 3% as the San Francisco niTROn summit concludes today. EOS and Stellar are also up over 2% but the rest are flat this Friday. More green can be found in the top twenty during the day’s Asian trading session, aside from Cardano and Monero which are dropping back a little. Biggest gains can be seen with Iota and Binance Coin jumping 5-6 percent on the day. Ethereum Classic has made 3% but the rest are less than 2% higher. Only two altcoins have made ten percent on the day and they are Dentacoin, which has been dumping all week, and Zcoin. Following its huge 50% pump yesterday Augur has dropped back 10% with Buggyra Coin and REPO not far behind. Total crypto market capitalization has only managed to inch up $1 billion on the day which is less than a percent. It currently stands at $122 billion with an unchanged daily volume of $16 billion. On the week markets have been flat, aside from a dump and pump on Monday. There is nothing to indicate that this is likely to change at any time in the near future. Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Wrap: Marginal Gains On a Flat Friday appeared first on NewsBTC.

a day ago

Crypto VC Firm Seeking $60M Amid Bitcoin Rout: Good Sign?

It goes without saying that 2018’s bear season savaged the broader crypto industry. Investors lost faith, Wall Street seemingly pulled out, and entire startups collapsed as financial pressure mounted, catalyzed by a collapse of the Bitcoin price. Yet, ambitious venture groups continue to seek financiers en-masse, as arguably, bear markets are an optimal time for “buying the dip.” Pro-Bitcoin 1confirmation Seeking $60M For New Crypto Fund On Thursday, the Wall Street Journal’s “Venture Capital” column revealed that San Francisco-headquartered 1confirmation, supposedly one of the first crypto-dedicated venture groups, is looking for prospective investors. Citing a person familiar with the matter, the WSJ noted that 1confirmation is looking for $60 million for its second fund — more than double the $27 million raised in the American firm’s inaugural round in December 2017. With this newfangled $60 million fund, 1confirmation, which has holdings in recently-launched Veil, Coinbase, Bitcoin, Ethereum, among other vehicles, plans to back infantile crypto projects by purchasing equity or tokens. Although 1confirmation seemingly has high hopes for its fund, as its first venture secured funding from Mark Cuban, Marc Andreessen, and Thiel Capital, 2018’s downturn likely killed faith in this nascent sector. Maybe 1confirmation can tap Cuban and crew again, but such ambitions may be too zealous. However, there’s a likelihood that 1confirmation performed better than cynics may be thinking. Save for the American fund’s investment in physical cryptocurrencies and Basis, which recently folded due to mounting regulatory pressure, it can be presumed that there’s more to 1confirmation’s venture stakes than meets the eye. Related Reading: Sign Of The Times: Basis Shutters $133M Crypto Project Due To Regulation 1confirmation-backed Veil, a peer-to-peer prediction markets platform centered around Augur, went online just two days ago. Veil brings ease-of-use to Augur’s blockchain-based prediction markets, which struggled with adoption throughout 2018. As a result of the platform’s launch, REP, the native token of Augur’s ecosystem, has skyrocketed, posting a 70% gain in the past week. Coinbase has also performed extremely well. As established by NewsBTC in previous reports, the San Francisco-based crypto startup was valued at a jaw-dropping $8 billion, allowing Coinbase to approach to start to approach the $13 billion price tag put on Pinterest. Interestingly, Coinbase is more valuable than Robinhood — another Silicon Valley startup focused on democratizing finance. Besides funding and lofty valuations, Coinbase has also done well for itself fundamentally. Bloomberg, citing a document, once projected that the exchange was to make $1.3 billion in fiscal 2018, despite the dropping Bitcoin price. The firm has also continued to expand its offerings, making notable strides in Q4 of 2018. And with that in mind, 1confirmation has likely posted healthy paper gains through its capital allocations towards Veil and Coinbase and its holdings in Bloxroute Labs, dYdX, Stellar-based security tokens platform Harbor, OpenSea, Nervos, and Vest. Yet, a number of industry insiders are skeptical that crypto funds, in general, will garner any notable amounts of traction in 2019. Analysts Skeptical Of Crypto Fund Prospects In 2019 Via a November edition of Off The Chain, a crypto-centric publication and media group, crypto crusader Anthony “Pomp” Pompliano remarked that crypto organizations “are in more trouble than people realize.” The Morgan Creek Digital Assets founder noted that he expects for crypto hedge funds, not too dissimilar from pure venture funds, to start “shutting down” due to certain clauses in legal documents. He added that it could just be a matter of times before fund managers, who Pomp claimed were “young and inexperienced,” start to fold en bloc, falling victim to crypto winter, just like an array of leading industry upstarts. Travis Scher, who heads crypto conglomerate Digital Currency Group’s in-house investment branch, echoed Pomp’s concerns in a recent interview with Business Insider. Scher told the outlet that while 2018’s first half saw a “tremendous amount of venture investments” enter the crypto realm, fund convictions are likely more bearish than bullish. Scher explained that hesitance by the way of financiers may make it much more difficult for organizations, whether venture groups or startups, to raise adequate funding. The Digital Currency Group executive added: “There is going to be a real struggle to raise new money. As there is going to be less money going into the crypto funds, there is going to be less money available for token projects.” Featured Image from Shutterstock The post Crypto VC Firm Seeking $60M Amid Bitcoin Rout: Good Sign? appeared first on NewsBTC.

a day ago

Crypto Pundits Skeptical Of “Better Bitcoin” Plan From MIT, Stanford

Since Bitcoin began to pick up steam in 2016, the network, coupled with its core developers, has been criticized by cynics en-masse for its inability to scale. And while evident strides are being made, with solutions like the Lightning Network and Segregated Witness seeing rapid adoption, innovators have still sought to one-up the world’s first cryptocurrency. Academics from two world-renowned institutions of higher education recently divulged ambitions to top Bitcoin. Since the bombastic announcement, Joey Krug, a leading Silicon Valley investor and devout disciple of blockchain scaling, has come out in support of the project. Related Reading: Bitcoin Lightning Network Booms Amid “Crypto Winter” MIT, Standford Academics Release “Better Per Bloomberg, professors from seven U.S. universities, including the Massachusetts Institue of Technology and Stanford, in collaboration with San Francisco-based Pantera Capital have joined hands to create a newfangled cryptocurrency. The consortium, named Distributed Technology Research (DTR), plans to call their project Unit-e, which they hope will be able to facilitate 10,000 transactions per second (TPS). In a DTR research paper, participating academics claimed that Bitcoin’s inherent design has constrained its scalability prospects, subsequently reducing adoption. However, DTR’s researchers believe that their proposed system of sharding, which would allow for more efficient blockchain data processing, will allow for key TPS milestones to be breached. In an interview on Bloomberg TV, Joey Krug, a member of DTR, the co-founder of Augur, and the chief of investment at Pantera, lauded the project. Krug, who evidently has a vested interest in DTR, noted that “the mainstream public is aware blockchain networks don’t scale,” before lauding Unit-e’s potential to become a powerhouse in the smart contract realm, which he believes Bitcoin cannot do. Considering Krug’s enamorment with scalability, as mentioned in previous NewsBTC article, it should come as no surprise that his firm’s willing to put money where its mouth is. Yet, an array long-time crypto pundits and skeptics have quickly expressed their concerns about the “experiment,” remarking that Bitcoin isn’t going anywhere. Crypto Skeptics Duke It Out Although the project has gained the backing of Pantera’s hefty war chest, a majority of crypto commentators are skeptical of what the academics have to offer. NewsBTC’s Joseph Young recently took to Twitter to poke fun at Unit-e, likely touching on the mass of ambitious developers that have tried (and failed) in efforts to manufacture a “better Bitcoin.” Joseph even noted that “we’ve been through this at least 30,000 times in 2018,” referencing the collapse of projects claiming that they would usurp Bitcoin’s long-standing, unquestioned hegemony. STILL? I thought we've been through this at least 30,000 times in 2018 https://t.co/mEsr90Eoi1 — Joseph Young (@iamjosephyoung) January 18, 2019 Nic Carter, a crypto researcher, joked that the touted transactional throughout claims are “unproven,” adding that this venture is likely to “fall at the first hurdle.” Gabor Gurbacs, one of VanEck’s in-house crypto experts, quipped that Bitcoin works in reality, so it can be likened to a workhorse, rather than a unicorn — a likely jab at this project’s status. Pierre Rochard, a Bitcoin software engineer, explained that TPS is “an obsolete vanity hypothetical metric,” adding that the Lightning Network disvalues projects touting high throughput statistics. It is clear that crypto’s most fervent insiders are skeptical of this Pantera-backed venture, and they aren’t alone in their cynicism. While Jeff Sprecher, the chief executive of the Intercontinental Exchange, NYSE’s parent conglomerate, hasn’t commented on this foray to oust the flagship cryptocurrency, he touched on his skepticism of alternative cryptocurrencies in a Consensus: Invest speech. Sprecher, wed to the chief executive of Bakkt, explained that although Bitcoin is situated in a swamp, filed to the brim with “thousands of other tokens that you could argue are better,” the project continues to survive and thrive, all while continuing to see development and fundamental growth. From a purely logistical standpoint, Bitcoin may survive for decades on end due to its status as an industry household name. If you were to ask effectively any consumer, whether a crypto investor or otherwise, to think of a cryptocurrency, Bitcoin would first come to their mind. And with the level of institutional money backing BTC, it is unlikely that the world’s first cryptocurrency will lose traction to Unit-e, in spite of its notable roster of supporters. Crypto Small Caps Faltering, Underperforming Bitcoin Even if Unit-e makes it to market, small caps, even those with promising technology, innovative use cases, and stacked teams, have historically fallen short of the godfather cryptocurrency. Per previous reports from NewsBTC, Ethereum Classic came under

a day ago

Daily Berminal Brief: Binance Launches Fiat Exchange In Europe And Russian Prime Minister Praises Cryptocurrencies

The State of The Market - January 17, 2019 BTC: $3,630.08 (-1.19%) XRP: $0.326680 (-1.89%) ETH: $121.69 (-3.13%) The market continues to remain stable, having lost just $2 Billion in the last 24 hours. While the top 10 cryptocurrencies are flashing red right now, the losses are less than 2%. Ethereum continues to post bigger losses, and the difference in market cap between XRP and Ethereum is at $700 million now. Augur is the top gainer, which is up by 25% after the launch of Veil platform yesterday. In other news, Yeongdeungpo-gu, an administrative district in South Korea in southwest Seoul has decided to use blockchain to its proposal evaluation system. The district hopes to strengthen its administrative transparency. The system will help avoid falsification of bids in various procedures. Also, the New Zealand police have now issued a press release that they are investigating the Cryptopia hack. The police revealed that the investigation is in its early stages and they are working with the Cryptopia team to establish what has happened. Also, a large team including Canterbury CIB and specialist staff from the police High Tech Crime Unit have been assigned to the case. 1) Popular cryptocurrency exchange Binance has entered the European market to launch its fiat-to-crypto trading platform. Dubbed Binance Jersey, it will initially support trading of Bitcoin and Ethereum against Euro (EUR) and British Pound (GBP). The platform is open for customers in the UK and Europe. Back in June 2018, Binance signed a MoU with Jersey's digital industries, Digital Jersey to launch Binance Jersey. Later in August, the company opened a branch in Dublin as the part of a contingency plan for when the UK leaves the EU. Binance will also offer training in Jersey as a part of the country's digital skills program and promote blockchain technology. 2) During a recent speech at the Gaidar international scientific forum, Russian Prime Minister Dmitry Medvedev spoke about cryptocurrency, Bitcoin and the current bear market. Medvedev said that everyone should keep a close eye on crypto's inherent volatility but Medvedev also said this "is not a reason to bury them [as] there are both light sides and dark sides." Medvedev's statements came shortly after the rumor that the Russian government was considering investing $10 billion into Bitcoin but at the time of writing many believe this rumor is nothing more than fake news issued by Russian economist Vladislav Ginko. Russia is also rumored to be in the process of preparing a bill that outlines cryptocurrency regulations and The State Duma is currently drafting a bill to regulate ICOs, cryptocurrency crowdfunding and other activities connected to digital asset trading. 3) A recent press release announced that ConsenSys will join a news industry collective that aims to create a revenue-generating news platform called Newspack. The blockchain accelerator invested $350,000 into the project which is headed by WordPress and it is meant to function as an open-source publishing platform for media companies. To date, Google News, The Lenfest Institute for Journalism and The John S. and James L. Knight Foundation are involved with the project and WordPress' parent company Automattic has secured $2.4 million in funding. ConsenSys will provide the blockchain-powered platform via Civil Media which is one ConsenSys' many projects. (VS)

2 days ago

Mid-Cap Altcoins Gain 30-50% a Day: Is The First Altcoin Season of 2019 Already Here?

It appears that the cryptocurrency market is mostly moving sideways throughout the first weeks of 2019. Since the start of the year, it has lost about $4 billion which represents a little less than 4 percent of its market capitalization. In general, though, except for the few more severe movements a few days ago, the market is mostly moving sideways. However, a relatively wide group of mid-cap altcoins have seen substantial spikes over the last few days, begging the question - is altcoin season 2019 here already? What is an Altcoins Season? Altcoins Season is a term mainly used among crypto-oriented online communities on social media, to describe a period in the market cycle when altcoins experience a substantial spike in their value against Bitcoin (BTC), which usually also spikes the USD value of the coin. Throughout this period, it’s not uncommon for many altcoins to enter a reasonably parabolic state, enabling them to grow at unparalleled rates. Now, it’s important to note that this is generally an anticipated period in the market cycle because it can grant serious profits to the coin holders. At the same time, though, it can also be disastrous for those who are unable to time the market precisely, causing them to buy “the top” - to purchase an altcoin at its peak value and stay with the bags. This is also referred to as pumps and dumps. Someone said once that Doge is the official opener of the Altcoin season. As can be seen, Dogecoin didn’t move much over the past days. So, is the first Altcoin Season of 2019 here already? Let’s have a look at a few top-performing altcoins as of the time as of writing this post: Leading the march is Apollo Currency (APL). It’s currently 109.17% more expensive than it was yesterday. It’s worth noting that the project’s Twitter’s feed is full of announcements which may have triggered the price increase. For example, they announced an integration with cryptocurrency wallet Bitfi. The second project which went through decent gains over the last 24 hours is Augur (REP). REP is currently up 32.69 percent. However, at some point during the previous 24 hours, it was up with more than 65 percent. The rapidly declining price might signal for a pump and dump move. There was a recent announcement on the project’s official Twitter page that they’ve launched some updates of their app. Tierion (TNT) is another altcoin that went up 100% yesterday. However, it’s currently trading in the negative compared to yesterday’s price, signaling that it’s most likely a pump and dump. Loopring (LRC) is currently trading about 20% in the positive. No apparent news might have triggered the increase, as LRC rocketed with more than 60% yesterday. Most of it is going away, however, which might yet be a signal for a pump and dump. At the same time, looking at the top-20 altcoins, none of them had shown any significant signs of a rally. This is perhaps a sign that an altcoin season is yet to be seen in 2019. Additionally, for it to be categorized as an altcoin season, the period should see a decrease of Bitcoin’s dominance index. Not only hasn’t it decreased - in January it has marked a very slight increase of about 0.7%. Bitcoin dominance: The relation between Bitcoin’s market cap to that of the entire cryptocurrency market cap (in percentage). The post Mid-Cap Altcoins Gain 30-50% a Day: Is The First Altcoin Season of 2019 Already Here? appeared first on CryptoPotato.

2 days ago

Augur (REP) Surges 50% After Veil Launch

While most of the crypto market remains flat today, Augur (REP) is up by 50%. Augur is a prediction market built on top of the Ethereum blockchain. Yesterday, a new platform called Veil was launched on the mainnet to make Augur mainstream. Veil is built on top of Augur, 0x, and Ethereum. Veil has also introduced new betting options such as leveraged positions on BTC/USD, REP/USD, and ZRX/USD. It also provides betting on Academy award winners and Ethereum gas. Augur (REP) is priced at $15.74, gaining 47.04% in the last 24 hours. (VS)

2 days ago

Augur (REP) surges 50% as Veil Prediction Platform Launches

Cryptocurrency markets have generally been pretty flat since their latest big dump a week ago today. One or two altcoins are making big moves though and today’s big pump is coming from Augur which has surged 50% over the past 18 hours. Augur is a prediction market protocol built on Ethereum’s blockchain. In an effort to bring the network to the mainstream a new platform called Veil has just been launched on mainnet which is driving massive trading momentum for its REP token today. Veil is LIVE on Mainnet! Start trading now at https://t.co/tVBiX8jaM6. Or sign up for an account at https://t.co/GV8PrLvR0j.https://t.co/EOdj1O6kd7 — Veil (@veil) January 15, 2019 “We foresee a not-so-distant future where millions of people create and trade in millions of markets. And we’re thrilled to finally launch Veil on Mainnet and bring that future just a little closer,” the company blog proclaimed. According to the Veil blog the new peer-to-peer prediction market and derivatives platform has been built on top of Augur, 0x, and Ethereum. The platform is operated by Veil International Ltd, a Cayman Islands company, but it not available to users in the United States, Cuba, Syria, North Korea or any area with restrictive crypto trading laws. Veil makes it easy to buy leveraged positions on three trading pairs, BTC/USD, REP/USD, and ZRX/USD. It also makes predictions on a wide range of scenarios, such as Academy award winners, a lot easier. Users can also trade on Ethereum hedging products which provide options for fundamentals such as the GAS price and current network hashrate. In addition to Veil the new Augur app version 1.9.1 has just been released on Github. As a result REP is flying today and is the top one hundred’s top performer with a gain of almost 50%. According to Coinmarketcap.com REP surged from $10.60 to just above $16 where it is currently trading. Daily volume also jumped from $6.8 million to $46.5 million, the majority of REP trade, over 40%, is currently on Upbit in KRW. Binance also has a big chunk of that volume with around 30% of the total. Augur’s performance has been that good even Nasdaq ran a piece on it; “Looking at Augur’s REP price action versus the USD, the REP/USD pair is attempting to break above a very important price level, on the upper band of the daily Ichimoku Cloud.” Over the past week REP has surged an impressive 78% and has been one of the top performing cryptocurrencies. In terms of market cap it has climbed to 33rd place with $175 million. The post Augur (REP) surges 50% as Veil Prediction Platform Launches appeared first on Ethereum World News.

2 days ago

Augur App Release v1.9.1 This release has a few quick updat...

Augur App Release v1.9.1 This release has a few quick updates, most notably an update of geth light node client wh… https://t.co/aMgiEBnTvz

3 days ago

Augur Jumps 50% Ahead of What Could Be World’s First Token Fork and Veil

Augur rose another 20% today after gaining 30% yesterday, with the ethereum based prediction market token rising from $8 to $12 at the time of writing. Part of the reason...

3 days ago

Augur Has Surged by 83% Over the Past Month — Can the Bulls Push REP Towards $14?

Veil has been launched, bringing a new P2P prediction market built on the Augur platform. Veil will make trading…

3 days ago

Video: Augur Indicators Bright, But Is It A Good Bet?

Today’s Video Briefing covers Augur, one of the biggest projects to hit the mainnet in the past year. Augur was one of yesterday’s big winners, and at one point showed a daily gain of over thirty percent. Although the five million dollar ICO was tiny by contemporary standards, it’s one of the most hotly-anticipated use-cases […]

3 days ago

Veil Brings Augur's Prediction Market To Ethereum

Veil, a peer-to-peer prediction market has just gone live on the Ethereum blockchain. The platform lets users bet on a wide variety of prediction markets, and also crypto assets using up to 5x leverage. Though the platform is decentralized, the company intends to limit its listed markets to the "right markets." Veil has improved on Augur in two main areas: It uses 0x protocol for faster and cheaper transactions, and Veil provides instant settlement which Augur takes weeks. Veil raised money in its seed round from investors such as Paradigm. Sequoia Capital, and 1confirmation. (VS)

3 days ago

Conozca por qué Augur aumentó de precio y las operaciones subieron en 800%

Se cree que el aumento en el valor de la moneda digital hace unas horas se asoció con el lanzamiento de la plataforma Veil y con los anuncios publicados por el equipo de operadores en relación a las próximas implementaciones que tendrá la red. Sin embargo volvió a bajar.*** (adsbygoogle = window.adsbygoogle || []).push({});A pesar de que las principales monedas digitales registraron una leve caída en sus precios el día de hoy, uno de los casos más llamativos fue el de Augur, la cual vio un incremento de más del 38% en su valor con respecto a la semana pasada. Sin embargo, ahora, cuando son las 2:40 pm en Nueva York, el precio volvió a descender un poco.De acuerdo con el índice de precios de DiarioBitcoin e información reflejada por CoinMarketCap, la moneda digital cuyo valor se ubicaba para inicios de la semana en USD $8,33 pasó a cotizarse en USD $10,19, tras una leve caída con respecto a su valor más alto registrado esta semana.Datos reflejan que el volumen de operaciones con la moneda digital se incrementó en más de un 800% el día de ayer, en un lapso de muy pocas horas.Hipótesis en relación al alza en los preciosEste aumento en el precio de la moneda digital parece tener su origen en la plataforma de Binance, pues durante un lapso de dos horas el exchange registró un alza importante en el volumen comercial.Una de las hipótesis que cobra más fuerza en torno a este aumento tiene que ver con las nuevas propiedades implementadas en su plataforma de mercado para predicciones. Tras los anuncios realizados por la compañía operadora a través de su cuenta de Twitter, la moneda digital de Augur (REP) pasó de USD $8,16 a 11,33, y un incremento en el volumen de operaciones diario de USD $1 millón a 9,2 millones.Long Augur - Próximos anunciosEntre los anuncios de Augur, se publicó un artículo escrito por el equipo de programadores llamado “Long Augur”, en la cual se resume el trabajo realizado por los desarrolladores hasta la fecha, y detallan algunas mejoras que tienen pensado lanzar para mejorar la operatividad de la plataforma y la moneda digital.Sin embargo, el artículo concluye señalando que los anuncios realizados no deben ser tomados como recomendaciones de inversión, con lo cual se protege de los efectos que pueda generar la publicación en los principales mercados.Lanzamiento de VeilDe acuerdo con informes, la nueva plataforma para las predicciones y derivados P2P, Veil, será lanzada a la red principal a mediados de este mes.A pesar de ser algo que tal vez no parezca muy importante, millones de personas en Internet constantemente comparten contenido a través de diversas redes con la intención de divertirse y pasar un buen rato. Veil retribuye parte del esfuerzo invertido a los desarrolladores de este tipo de contenidos, ya que será monetizado y los creadores recibirán dividendos.Veil permitirá a los usuarios apostar en relación a la popularidad que puedan alcanzar imágenes (memes) y videos virales en función de la cantidad de votos que reciban a través de la red social Reddit, liquidando las órdenes una vez finalizada la campaña, entregando a los ganadores de forma casi instantánea sus activos.Además de lo antes expuesto, la plataforma es considerada como uno de los proyectos más ambiciosos en la actualidad, ya que ha sido construida con tecnología de Augur, 0x y Ethereum, garantizando total interoperabilidad entre los protocolos involucrados.Actualmente el precio de la moneda digital ha ido decayendo lentamente, pero de momento cotiza por encima de los USD $10Con información de Cryptobiefing y HackedVersión de Angel Di Matteo / DiarioBitcoin ComentariosAugur, Long Augur, moneda digital, REP, Veil, volumen de operacionesAdvertisements (adsbygoogle = window.adsbygoogle || []).push({}); The post Conozca por qué Augur aumentó de precio y las operaciones subieron en 800% appeared first on DiarioBitcoin.

4 days ago

Buying a piece of the Mona Lisa: Are STOs the new ICO?

Consider this: only one-third of the world’s wealth is held in cash. The rest is held in securities (stocks, COD’s etc.) and real estate. You can’t always simply sell those securities - you may own your house but you can’t simply get $400,000 for it in cash tomorrow. A lot of wealth is locked up. Things could get really, really interesting especially when it comes to ownership of physical assets like art. Right now there are millions (billions, maybe) of dollars worth of art sitting in museums around the world. The museum owns the art, or some rich benefactor is allowing the museum to exhibit the painting. All that capital is just locked up on their walls. Here’s an idea: if you’re the museum, you could just keep the right to exhibit the work of art all the time, and sell off the right to the capital appreciation of the piece in the form of User Issued Assets (UIA’s). So, you’re disaggregating the 1) rights to exhibit and 2) the appreciation. The museum could keep the right to exhibit it 90 percent of the time, and then assign exhibition rights for 10 percent of the time to the top two shareholders of the UIA. A physical asset in the real world gets a token in the digital world. Large buyers would come in and buy these tokens, in hopes that the tokens would appreciate over time. Perhaps these tokens could be listed on an exchange (or maybe only open to private investors), creating liquidity in the market. Tokenization makes it possible for anyone to own a piece of artwork. Fracturization allows tokens to be divided into even very small units and sold to individual investors. In other words, you could go see the Mona Lisa and own part of it, too. A new security token on the block The security token offering (STO) is already turfing the ICO, but this new coin is following the rules. By 2019, ICOs may read like a cautionary tale something like this: During the early blockchain boom, the majority of ICOs were raising billions of dollars and issuing tokens to investors that could be immediately traded or cashed out after the ICO finished. It was pretty obvious that most of those investors, if not all of them, were buying tokens not just because they thought the project was interesting, but because they expected to profit. According to the Securities and Exchange Commission (SEC), that means the tokens are securities. The SEC usually uses the “Howey Test” to determine whether an investment is a security or not. Unfortunately, while most of these ICOs met the Howey Test criteria, they did not go through any sort of approval process before their ICOs and were thus technically operating illegally. The SEC cracked the hammer down hard, and rightfully so. The laws we created for securities have been around for decades, but the problem is that they were created during a time before the internet. Blockchain complicates this, which is perhaps why how the regulations affect issuing tokens is not 100% clear, or can be contradictory. For example, ether is not considered a security, but many projects are ERC tokens, meaning they’re built on top of Ethereum. Owing to these regulatory compliance conundrums, the tale of the ICO could be a short one, but the story of the blockchain digital ledger is destined to endure like the double entry ledger system of the Medici dynasty. But future blockchain projects will be financed by the regulatory compliant security token offering. The good news is that generally speaking governments are being cooperative; they understand that blockchain is a new space and don’t want to create complicated rules that could crush innovation, but also want to protect consumers. The solution? The initial coin offering is transforming into the legally compliant STO. Plenty of players are emerging who are making it easier to issue your token within the current legal framework. Three Players in the Tokenized Security Space Platforms: These help you issue your STO, raise money and issue your money. Examples include Coinlist, Polymath and Trusttoken. Protocols: Focus on post-issuance governance. They manage who can hold a token and reject transactions. Examples include Augur and Enigma. Advisory services: These companies help founders with the top two. Examples include CrowdfundX. Evolution or Revolution? You can argue that tokenized securities are simply an evolution of the current financial system. After all, these are simply digital representations of what we’re already doing physically. At least at the start, most of these assets are going to match up to instruments that we’re familiar with. For example, we have “debt tokens” that represent a borrowed transaction with another party. Instead of signing a piece of paper with the bank or another individual, this would be recorded on the blockchain; the record is immutable. The risk of default could be calculated. That information and data can then be used to create an accurate profile of your financial history. Once all of my assets are on

4 days ago

Daily Berminal Brief: Total Market Cap Increases by $7 Billion

The crypto market has seen a reversal of the downward trend experienced in the past couple of days as the total market cap has increased by roughly $7 billion over the past 24-hours. The price of Bitcoin has seen a 4.16% increase and is currently trading at $3,704, while XRP is up 4.6% to $0.3342 and Ethereum is up 10.44% and trading at $129.50. Out of the top 100 coins, the best performing coin over the past 24-hours has been Augur (REP), currently up 23.8% and trading at $10.16. (JF)

5 days ago

Augur's Prediction Markets to Allow 'Faster & Cheaper' Trading with Veil Update

Developers of Augur (REP), a decentralized Ethereum-based prediction market platform, recently published a blog post in which they noted that “testing and finalizing” of the platform’s new codebase modifications for “calculating profit and loss” had been completed. Augur’s main development team, known as the Forecast Foundation, mentioned that they’d been working to complete “an initial...

8 days ago

Crypto Hedge Fund Manager Disputes Augur Metrics of $2 Mln, Claims Only $100,000 at Stake

Crypto hedge fund partners points out that blockchain-based prediction market Augur reportedly has less than $100,000 currently at stake

8 days ago

Veil wants to make decentralized financial products frictionless for mainstream users

One of the major drawbacks preventing consumers from adopting decentralized products and apps is the friction-filled user experience. For a decentralized prediction market platform like Augur, users are often forced to go through a time-consuming multi-step process just to interact with its features. Veil hopes to change that. Founded by Y Combinator Alumni Paul Fletcher-Hill, Graham Kaemmer, and Feridun Mert Celebi, Veil’s goal is to make Augur’s platform accessible to mainstream users. Augur enables users to create and trade prediction markets on a variety of topics from sports, to elections, to crypto prices. Every market is settled by a decentralized set of oracles — eliminating the need for centralized market makers. However, as previously mentioned, the process to access Augur is often too confusing and time-consuming for your average consumer. Block by BlockBlock by Block: Prediction MarketsRead More “Too often we take for granted that our users share the same philosophy as us,” CEO Paul Fletcher-Hill tells The Block. “We sometimes copy centralized products and just create a decentralized version of them rather than coming up with totally new things that are differentiated as products and not because of their implementation.” And Augur is no different. To maintain its decentralized features, Augur requires its users to download its app and sync it to Ethereum’s network, a process that can take hours and that is even if you can get your app to start syncing. “There need to be companies and products that are built on top of decentralized protocols to bring them mainstream,” Fletcher-Hill says. In addition to a streamlined user-interface design, Veil says it’s improving the Augur user experience in three primary ways: Its platform eliminates the need for users to download and sync their apps to Ethereum’s network. Its platform makes trading on Augur faster and cheaper by using the 0x protocol, which reduces the transactions required to be made on-chain, and offering a customized version of Wrapped ETH, called the Veil ETH, which bundles two transactions (wrapping then approval) typically required by 0x, into one transaction (wrapping and approval). Its platform settles markets faster than Augur by offering a paid instant settlement feature, enabling users to immediately sell their shares to Veil at a reported price rather than waiting for Augur to finalize the market. To avoid settling contentious markets, Veil will only offer instant settlement for markets it has vetted. The firm will initially support four markets: crypto derivatives, hedging products, the Grin cryptocurrency, and Academy Awards. Veil’s user interface To be sure, while Veil’s offerings and user interface do help lower user friction, the process of using its any decentralized platform is still complex. Veil users will still need to use Web3 wallets and extensions like MetaMask or Cipher to trade on Veil. Furthermore, Veil notes that its initial users will be “sophisticated hobbyists.” Veil tells The Block that it has raised a fundraising round in the single-digit millions to fund its growth, from notable investors like Paradigm, Sequoia Capital, and 1confirmation. As to why Veil is focused on building on decentralized networks, rather than taking the much easier centralized route, Fletcher-Hill says “we believe in a decentralized web and that people should be able to use sophisticated financial products without giving up access to their money,” adding, “as a developer it’s just easier to program things like payments, trade execution, or settlement using a smart contract platform than the traditional banking system.” Veil will launch on the Ethereum mainnet on January 15, 2019. The firm tells The Block that “hundreds” of users have already tested its alpha product. Image credit: Shutterstock/Andrey_Popov The post Veil wants to make decentralized financial products frictionless for mainstream users appeared first on The Block.

9 days ago

Analysis Shows There Is Less Than $100,000 at Stake on Augur Gambling Platform

After Augur (REP) released its weekly report showing that the total value of bets placed on the platform was $2,040,934.63, Tetras Capital Founding Partner Alex Sunnarborg took a closer look at the data to reveal that the total volume of active markets on Augur is, in fact, less than $100,000. The larger statistic included bets that have already concluded, and when those bets are taken out of the statistics, the activity level on the platform is much lower, highlighting a common problem across the dApps space of low usage and lack of volume. (JF)

9 days ago

There’s Less than $100k at Stake on Ethereum Gambling DApp Augur

Tetras Capital Founding Partner Alex Sunnarborg has revealed that decentralised gambling platform Augur is suffering from the same lack of volume that continues to plague the decentralized application (dApp) ecosystem at large. Reacting to the platform’s weekly report released on January 9, Sunnarborg stated that the total volume of active markets on Augur is, in

9 days ago

New Platform To Un-Veil Augur To The Mainstream

Memes could catapult Augur into the mainstream. Veil, a new peer-to-peer predictions and derivatives platform, is making its mainnet debut on Jan. 15. The betting platform, built on Augur, 0x and Ethereum, is currently in alpha format. In addition to the usual fare, one of the current betting markets is on the popularity of internet memes. Users can vote on the future popularity of viral images, based on the number of upvotes they receive on Reddit. Source: Kovan.Veil.co Yes, someone actually made money by guessing that this image wouldn’t reach 500 upvotes. Finally, the meme economy is returning dividends. Veil Offers Instant Settlements Veil is built on Augur, which is built on Ethereum. But, as many dApp builders have found, Ethereum is not an easy platform to build on. To reach mainstream adoption, a slow network simply won’t do. So they decided to build on the 0x protocol, “to speed up trading and minimize the number of transactions you need to send,” Veil explained in a Medium post. Veil orders occur off-chain, and “Veil pays gas to persist trades to Ethereum.” Developers also introduced an “instant settlement” feature that lets users settle up once the market expires, meaning winners can get Augur (REP) and ETH into their wallets sooner than later. In contrast, regular bets on Augur can take weeks to become finalized. After a widely anticipated launch, the Augur project has been stuck in the doldrums, boasting fewer than two dozen users in the last 24 hours, according to dappradar. That’s a bit embarrassing for a project that once boasted a billion-dollar market cap. Once the king of decentralized applications (dApps) on Ethereum, Augur has since been dethroned by the likes of Blockchain Cuties. Speaking of cuties, why not create a market for this adorable pooch learning to skateboard? Veil Targets Millions of Markets Veil envisions a future where “millions of people create and trade in millions of markets.” They are betting on predictions markets across four categories: Crypto derivatives - Who needs a bitcoin ETF? Veil makes it possible to “buy leveraged long or short exposure to popular cryptoassets.” Ethereum network hedging - Veil also has crypto miners in their sights and have launched a feed to “track the 24-hour rolling hashrate on Ethereum.” Grin markets - Grin is a private Mimblewimble cryptocurrency whose mainnet launches on the same day that Veil goes live on the Ethereum mainnet. Academy Awards markets - This one is a reflection of the movie buffs that make up the Veil team. Given their affection for award shows, they might want to think about a market for who ends up hosting the Oscars. Veil got a boost after securing funding from some of crypto’s biggest names, including crypto asset investment firm Paradigm, Sequoia, and venture fund 1confirmation. While the Veil team is targeting mainstream adoption, even the Augur project isn’t expecting that to happen overnight. Augur Co-Founder Jeremy Gardner told CryptoNewsAsia last summer that “real adoption is probably three to five years away.” By the way, if anyone wants to bet on the bitcoin price in 2024, there’s a market for that. The author is invested in digital assets, including bitcoin and 0x which are mentioned in this article. Join the conversation on Telegram and Twitter! The post New Platform To Un-Veil Augur To The Mainstream appeared first on Crypto Briefing.

10 days ago

Crypto Projects Are Not Very Decentralized, Claims New Yahoo Finance Report

Cryptocurrencies rose to fame while talking about decentralization, but a new analysis by Token Analyst for Yahoo Finance UK claims otherwise. It suggests that of the top 50 currencies by trading volume*, the top 20 wallets hold an average of 78% of all coins. This shows how centralized token holdings are which appears to counter the decentralized vision these projects aim to achieve. Is Decentralization a Myth? A select few may have more control over a decentralized network than the average crypto enthusiast may imagine. Across the top 50 currencies by trading volume, the top 20 wallets get an undue power over the rest of the community as they hold an average of 78% of all coins. In 16 cases, the 20 biggest wallets were holding over 90% of the total token supply, revealing how centralization works in the background of decentralized crypto networks. Interestingly, a majority of the coins were issued to fund new companies that will use the tokens in their projects. However, Token Analyst’s Jai Prasad said that many of these projects did not even need crypto technology for their ideas to begin with. However, it must be noted that one crypto wallet, like at a cryptocurrency exchange, could hold the tokens of many people, as Yahoo Finance reported: Token Analyst’s Prasad said that the figures were likely boosted by the fact that many crypto investors hold their tokens on crypto exchanges, rather than opening their own wallets. That means the digital wallets of exchanges will be swelled by the holdings of many of their customers. More Details From the Token Analyst Study Token Analyst pointed to a high degree of centralization in token distribution across the top 50 ERC20 standard tokens (tokens created on the Ethereum blockchain). This included several high-end projects like Maker, Binance Coin, Augur, and 0x Protocol. However, Prasad noted that the centralization in top 20 wallets could be a result of people holding their coins with crypto exchanges. He noted that this is a bad sign for the industry as people are likely speculating on prices rather than buying tokens to use on their respective networks. He noted: “If 20 addresses (including the token team and exchanges) own 80% of the tokens, this tells me a few things: 1. Pre-sale investors got in early at large discounts; 2. No one is interested in using the network, and the tokens are used purely for speculation, and 3. future governance (crypto buzzword) will be at the beck and call of few.” Prasad continued to say that ICOs provide token holders a promise of participation in the governance of the network. If a few wallets hold most of the total supply, changes could be forced on the network. If the characteristics of being permissionless and censorship-resistant networks are absent, then we “probably don’t need a crypto network, to begin with,” he claims. Crypto Projects Are Not Very Decentralized, Claims New Yahoo Finance Report was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

13 days ago

Cardano (ADA) Had the Most GitHub Commits in 2018

According to statistics available on the open source site GitHub, Cardano (ADA) was the most actively developed coin in 2018 as judged by GitHub commits. A closer examination shows that Cardano received more than 46,000 commits to its code repositories in 2018, meaning that its core code was added to and revised 46,000 times. Augur (REP) was the second most developed coin of the year, with around 22,000 commits. For comparison sake, Ethereum is ranked fourth on the list with 15,617 commits and Bitcoin is ranked 52nd. (JF)

15 days ago

Mapping out Ethereum’s Developer Ecosystem

Ethereum is by far the leading smart contract platform for developers. While the number of developers in the ecosystem is a topic of debate — estimates range from 250,000 to 350,000 — download data from popular development tools show that Ethereum continues to see increasing interest from developers. Influential members of the Ethereum community, in turn, have adopted BUIDL as their battle cry for developers to build products ranging from decentralized prediction markets, governance platforms, and security tokens, on Ethereum. With the growing interest in building on Ethereum, The Block has mapped out its developer ecosystem. We categorized the ecosystem into six sub-categories: (1) Protocols & Platforms (2) Testing & Frameworks (3) Infrastructure (4) Scaling (5) Privacy, and (6) Storage. PROTOCOLS & PLATFORMS Projects in this category provide base layers or foundations for dApps, companies, and other projects to build on. These projects can range widely from governance protocols (Aragon and Democracy Earth) to liquidity networks (0x and Bancor) to prediction market platforms (Gnosis and Augur). Generally, dApps or companies building on these protocols and platforms will leverage their native tokens for their operations. TESTING & FRAMEWORKS Projects in this category provide developer frameworks and test kits to build and test their dApps and products. Frameworks provide generic functionalities for developers to change and manipulate to their preferences. Testing tools enable developers to test their products in an environment that would not impact the main Ethereum network. INFRASTRUCTURE Infrastructure project offers pre-built tools for developers to quickly build and deploy dApps. These projects help developers lessen the workload and cost of building, deploying, and maintaining the tools necessary to run and distribute dApps. SCALING Scaling projects are building solutions to help Ethereum scale. These projects focus on a variety of scaling solutions including sidechains (POA Network), layer two (Skale Labs, Loom Network), and sharding (Prysmatic Labs). PRIVACY Privacy projects aim at developing privacy solutions for blockchain networks. Some projects in this category focus exclusively on adding privacy features for Ethereum (Aztec) while others are blockchain agnostic but Ethereum-focused. STORAGE Storage projects help developers store dApp data while maintaining the decentralized features of dApps. Because storing massive amounts of data on Ethereum is costly, developers leverage these decentralized storage projects to off-load the cost and host their data. The post Mapping out Ethereum’s Developer Ecosystem appeared first on The Block.

15 days ago

Augur needs your eyeballs

A record number of prediction markets ended on New Years eve, and as a result there are about 140 markets in this week's dispute round. Dispute rounds are how Augur catches mistakes and keeps reporters honest in a decentralized way. After the results of a market have been reported, there is a one week period during which anyone can dispute those results. There is a good chance one or more of those 140 markets was reported incorrectly, but there are currently more markets than active users. That's where you come in: To dispute a result you will need REP tokens, which can be purchased on most token exchanges, or directly from Augur using 0x Instant (click on Account). You stake your REP on the outcome of your choice. If enough REP has been staked to fill the dispute bond, it gets pushed to the next round, during which the opposing sides have a chance to stake double that amount. One side wins the dispute when the other sides cannot fill their bonds, and the REP gets redistributed to the winning side. So, if the majority agrees with you, you earn a 50% return on the REP you staked on the correct outcome. If you have downloaded the Augur app from [https://www.augur.net/get-started/#download-links](https://www.augur.net/get-started/#download-links): connect your wallet, and go to Reporting->Dispute Or you can use the hosted instance here: [https://ipfs.augur.casino/ipfs/QmYznPLieFvWGNDrS839mQrGLuuWNxhSrg29TrXgog52ed/?ethereum\_node\_http=https%3a%2f%2feth-mainnet.alchemyapi.io%2fjsonrpc%2f7sE1TzCIRIQA3NJPD5wg7YRiVjhxuWAE&augur\_node=wss%3a%2f%2faugur-node.augur.casino#/reporting-dispute-markets](https://ipfs.augur.casino/ipfs/QmYznPLieFvWGNDrS839mQrGLuuWNxhSrg29TrXgog52ed/?ethereum_node_http=https%3a%2f%2feth-mainnet.alchemyapi.io%2fjsonrpc%2f7sE1TzCIRIQA3NJPD5wg7YRiVjhxuWAE&augur_node=wss%3a%2f%2faugur-node.augur.casino#/reporting-dispute-markets) ​ Potentially disputable things to look for: * Markets that ended before the results were known * Subjective markets * Markets where the results are difficult or impossible to find * Markets where the results differ depending on interpretation It is generally accepted that if any of the above apply, the market should be disputed as Invalid. Another helpful resource is [https://reporters.chat/](https://reporters.chat/) where folks can discuss why they reported / disputed the way that they did. Thanks, and happy Auguring. :)

15 days ago

Cardano (ADA) is the Most Actively Developed Coin in 2018

According to data available on coincodecap.com, the 11th largest Cryptocurrency by market cap, Cardano (ADA), that was founded by Charles Hoskinson is the most developed cryptocurrency in the year 2018. Many within the crypto community might think that the performance of coins, could be tied to their developments, hence a lot of piques against Litecoin founder Charlie Lee and ethereum creator, Vitalik Buterin. Both founders have come out clean to show their plans and achievements in the course of last year for their respective projects. This data is for coins commit from Jan 2018 to Dec 2018. Cardano(ADA) that is presently trading at about $0.0427 and with a market capitalization of about $1.107 billion recorded over 45,000 commits in its code updates in the past 12 months which makes cardano the most actively developed cryptocurrency in the last 12 months. Augur has been the second most actively developed currency in the last 12 months with over 21,000 commits. Also, Argur(REP) and Ox(ZRX) that are presently on the 48th and 31st position in terms of coin market cap respectively took the second and third positions with 21,644 and 18,095 commits sequentially. According to CoinCodeCap developer, commits is a word used for all the changes and updates that had been made in a given project at a particular period. CoinCodeCap developer stated that: “A commit, or “revision”, is an individual change to a file (or set of files). It’s like when you save a file, except with Git, every time you save it creates a unique ID (aka the “SHA” or “hash”) that allows you to keep a record of what changes were made when and by who. Commits usually contain a commit message which is a brief description of what changes were made.” The ranking below shows the position and commits for the first five most developed coins in 2018. Tech Development —> Value creation — > Mass adoption —> Money According to Gaurav Agrawal of CoinMonks, the right path for a coin development should be the path above. Gaurav said that in a Medium post that: “Above is normal growth path for any industry but in terms of crypto this is flowing backward and this is problematic.” Bitcoin the first crypto in terms of market capitalization is in the 52nd position in terms of commits. Ethereum is in the 4th position with 15,617 commits. The post Cardano (ADA) is the Most Actively Developed Coin in 2018 appeared first on ZyCrypto.

15 days ago

Bity Avails Its Cryptocurrency Exchange API for Third Party Integration

Earlier today, Bity, a Swiss-based crypto exchange and ATM network announced that it had availed its crypto exchange API to any third party willing to offer its customers access to the crypto market. The API would enable programmable instant purchases, sells, and trades of digital currencies without customers creating accounts of using the lengthy KYC process on Bity.com. Per the announcement, the API underpins ETH, BTC, and REP with more cryptocurrencies set to come soon. This API is different from traditional APIs as Bity never holds customer funds at any given time. In so doing, the firm avoids custodial risks. (KE)

17 days ago

The Top 10 Cryptocurrencies Aren’t The Most Actively Developed

Though Bitcoin(BTC) is the most active in terms of daily trading volume, it is the 52nd most active cryptocurrency in terms of development, according to CoinCodeCap.com. Besides, the top 10 cryptocurrencies are not necessarily the most actively developed. The top 10 most active development teams in cryptocurrencies tracked on the site include Cardano (ADA), Augur (REP), 0x (ZRX), Ethereum (ETH), and others. The top-ranked Carda in terms of developmental frequency currently ranks 11 in terms of market capitalization. At the time of writing, it is trading over $0.04 and records a 24-hour trading volume of around $13 million. (RL)

18 days ago

Kraken Launches Ripple (XRP) and Bitcoin Cash (BCH) Margin Trading

The cryptocurrency exchange Kraken recently announced the launch of margin trading for Bitcoin Cash (BCH) and Ripple (XRP) on its platform. These new additions make a total of eight different assets available for margin trading on the Kraken platform including Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR), and Tether (USDT). It is important to note that BCH and XRP are not collateral currencies, meaning that users cannot open margin positions against the value of their BCH or XRP balances. (JF)

22 days ago

😜 Augur App will automatically detect stalled syncing and at...

😜 Augur App will automatically detect stalled syncing and attempt to reconnect -- this usually gets it out of the n… https://t.co/yzmdwbSqBY

a month ago

“My money isn’t really mine, this is why the world needs BTC” Crypto user exposes Bank of America after he got locked out of his bank Account

A cryptocurrency user “ammonitions”, has sparked up an intense conversation amongst fellow cryptocurrency users via the Reddit chat app, after revealing his experience with a traditional bank. The user whose post was titled “you need permission to use your own money”, expressed his frustrations over his inability to make a withdrawal that was slightly over $5,000. Despite the fact that he had pre-informed one of the bank’s representatives about his intended withdrawal, the user further revealed that not only was his request declined, but his access to his bank account was also restricted till the next day. In his words ; “At a dealership last night, I tried to put down a little more than 5k as a down payment for a new car. Bank of America declined it even though I told a rep that I would be doing it earlier that day. Long story short, I was locked out of my account until today. It was pretty embarrassing. The entire time I was thinking, man... this is why the world needs btc.. my money isn’t really mine” The post which has now gotten more than 300 upvotes and 260 was received with a lot of support from other users who had gone on to share their similar experiences. While some users expressed their distrust for traditional banks after getting debit alerts without any record of transactions carried out, others shared reasons why traditional banks are only using individual funds as a foundation for their personal growth. One commenter can be quoted saying ; “Precisely. You don’t give the bank your money to hold in good faith for you. You are a depositor meaning when you deposit money you are loaning the bank your money for a return in the form of interest. The second you deposit your money with a bank it is no longer your money. Funny that because if everyone wanted their cash back at the same time banks would collapse. That’s highly similar to an investment scam that works until investors all want their money back only to discover the company has been insolvent for ages. Banks are literally fraudulent investment scams.” The division between the crypto world and traditional banks has since been a highly pronounced battle since cryptocurrencies began to receive mainstream adaptation. Even top crypto analysts have made it a point to remind traders that traditional banks are not stepping into the cryptocurrency space for the best possible reasons. In the words of Pompliano, a Cryptocurrency analyst and Founder of Morgan Creek Digital “The banks want Bitcoin to fail. Never forget that.” The post “My money isn’t really mine, this is why the world needs BTC” Crypto user exposes Bank of America after he got locked out of his bank Account appeared first on ZyCrypto.

a month ago

Augur App Release v1.8.5: This release sets the default net...

Augur App Release v1.8.5: This release sets the default network to Alchemy's Mainnet endpoint instead of the exper… https://t.co/M0DAmZSK8N

a month ago

The top 10 Crypto-Blockchain Platforms Emerging out of 2018

It’s been a busy year for crypto, and sometimes it’s difficult to stay abreast of everything that’s happening in the community. We’ve decided to put together a list of the top 10 Crypto and Blockchain projects of 2018, to hopefully help you keep up to date (and maybe even help you find your next favorite platform). ForkDelta ForkDelta is a decentralized trading platform that allows you to trade Ether and Ethereum tokens directly with other ForkDelta users. ForkDelta is a fork of EtherDelta that boasts tons of improvements on the original interface and a much faster oder processing system. ForkDelta includes EtherDelta’s orginal contract, with a revamped API. You can click here to head to ForkDelta. IDEX IDEX is another fantastic addition to this list. A decentralized exchange for trading ERC-20 tokens, IDEX combines the speed of centralization with the security of blockchain. It’s an ideal exchange for fans of ERC-20 based tokens (of which, we all know, there are many). IDEX helps users to trade continuously, without waiting for transactions to mine and while conducting multiple orders at the same time. You can start trading by going to https://idex.market/eth/aura. CEEK CEEK is a universal currency for the VR and Entertainment Industries. With partnerships including Universal Music, Apple, and even Katy Perry. CEEKERS (the platform’s users) will be able to manage, access, and trade with digital assets using a special standard for multi-token transfer which can reduce gas cost down to around 1/10th of a cent. Learn more about CEEK by clicking here. Veridium Veridium is looking to create a regenerative economy that will help to sustain earth’s resources and combat climate change by reducing carbon emissions. Their system will help to turn industry-standard carbon offsets into tradable digital assets. Alongside their partners (including IBM), they’re hoping to create a marketplace that will automate carbon credit accounting on a corporate level, and help offset this process across global supply chains. You can head to https://www.veridium.io/ to learn more. QTUM QTUM is an open sourced blockchain, that leverages the security of UTXO while enabling various virtual missions (such as x86 VM). QTUM is Proof of Stake based and has a decentralized governance protocol which allows for certain blockchain settings to be changed/enhanced through the use of smart contracts. As a company QTUM is incredibly forward thinking, and is definitely one to watch. Celsius Celsius is a P2P crypto-finance platform that connects holders of digital assets with borrowers. It allows crypto-holders to gain interest on their assets or to get a cash loan against their crypto (so using it as collateral). There are a number of advantages to this system: Firstly, th more crypto you put up as collateral, the lower your interest rate. You can also continue to HODL rather than sell your digital assets in order to secure the cash that you need, and there’s no credit check involved because your crypto is used as collateral. Need a loan? Head to https://celsius.network/ to learn more. Menlo One Menlo One is an open-source blockchain on which developers can build dApps with as much speed and ease of use are their centralized ancestors. With Menlo One, blockchain data is cached and indexed on high performance “content nodes” which will make dApps as fast and user-friendly as users expect from the web, all which staying committed to the principles of decentralization. Learn more about Menlo One at https://www.menlo.one/. Patron Patron hopes to create next-generation services for influencers, but providing a platform on which they can publish, discover, reserve, or sell influencer data on Patron’s trustful platform. It’s essnetially a “one stop shop for social media influencer focused brands and influencers themselves.” Some of the functions the platform will have include: driving the economy arond CTC and SNS media, selling and acquiring influencers, and a monthly subscription service or “Exclusive Ambassador Contract” Unfortunately their ICO has closed, but you can find out more about the platform at https://patron-ico.io/. Augur/ Reputation Augur is a decentralized platform and P2P protocol that rewards you for predicting market fluctuations. Augur allows you to stake REP (the platform’s token), an ERC-20 coin, on correct outcomes to receive a portion of the market’s settlement fees. If you report or predict incorrectly, you’ll lose your rep. This is a pretty high-stakes platform (excuse the pun) but it can yield incredible outcomes for those willing to put in the work. 1.Vertex Vertex is an OTC market for tokens, which allows you to buy and sell exclusive tokens at preferential rates all before they’ve even hit exchanges. Built on principles invoking both centralization and decentralization, Vertex is something completely new to the crypto-sphere. As we all know, there’s quite a lot of uncertainty in the crypto-mar

a month ago

Veteran community member @crystalballbe created interactive ...

Veteran community member @crystalballbe created interactive charts for just about any Augur metric you can think of… https://t.co/qUQyMwiRlw

a month ago

Bitcoin [BTC] had a fantastic run in 2018; prices could still hit $50,000, says Blockchain Captial’s partner

Spencer Bogart, a partner at Blockchain Capital and a Bitcoin and Blockchain venture capitalist, gave his views about Bitcoin’s year so far on CNBC. Bogart said that at Blockchain Capital, they were long-term venture capitalists and not short-term investors, and that they weren’t doing short-term price targets. He referred to his previous prediction about Bitcoin going to $50,000 per coin and said that it could still happen and that there is still time. He added: “Could Bitcoin go to $50,000? Absolutely. It doesn’t have the same kind of price-to-earnings enterprise value to revenue that normally puts kind of an upper bound or a ceiling on the typical kind of early technology company. So with Bitcoin, absolutely, it can go that high.” Referring to predictions of most people in the industry who said that Bitcoin could only go up from its all-time high, Bogart said that they weren’t wrong and that nothing was wrong with their thesis. He also said that Bitcoin, as a market, was entirely driven by retail players and that it was very unique, as it implied that in bull markets, crypto-prices would shoot ahead of its actual price, and in a bear market, the prices would drop lower than expected. Bogart added: “The reality is that the fundamentals haven’t changed, 2018 has been a fantastic year for Bitcoin, ignore the prices, underlying at the technology, this is the first year we’ve started to move to scale Bitcoin with the Lightning Network... And meanwhile, the institutionalization of the asset class and the ecosystem itself are really only getting stronger” He continued that endowments like Yale, Harvard, and MIT moved into the Bitcoin/crypto-verse, which was a huge boost to Bitcoin gaining institutional attention. He also mentioned how Nasdaq and NYSE’s sister company Bakkt are trying to move into space with Bitcoin derivatives. Apart from the above, Bogart said that the most important and the encouraging movement that has happened in 2018 was that the quality of the talent that has entered the space, which was yet another boost to Bitcoin’s adoption. Adding to the above, Bogart mentioned: “If you talk to young people, this has captured their imagination and a lot of the best and the brightest are saying, “I wanna go work on Bitcoin”.” Touching on the price of Bitcoin, Bogart said that it was a great buying opportunity and that the prices had a possibility of going as low as $1,000, and that would be a fantastic buy-in opportunity. A Twitter user Darryl Henry Jr commented: “I just talked to my companies rep for fidelity and they are gearing up with a whole crypto department. It’s coming but how it comes we can only speculate.” ZiLLa, another twitterati, commented: “The only time I want to hear from CNBC is when we break ATH and they tell everyone to buy so we can get a nice FOMO rally again. That’ll be my sell signal.” The post Bitcoin [BTC] had a fantastic run in 2018; prices could still hit $50,000, says Blockchain Captial’s partner appeared first on AMBCrypto.

a month ago

Crypto Analyst: Ethereum (ETH) Investment Thesis is “Questionable”

Although the crypto market, in general, has undoubtedly had a bad year, some digital assets have had it worse off than others. Bitcoin’s (BTC) ~83% decline from its all-time high is mere peanuts, especially when compared to the 94% loss that Ethereum (ETH) has undergone. ETH has fallen so far from its high horse that the market capitalization of XRP, Ripple’s go-to asset, has surpassed that of Ether. While many optimists believe that this discrepancy is a buying signal for Bitcoin’s former right-hand man, so to speak, a handful of analysts have declared that the asset’s harsh drawdown is justified. ICO Season Dries Up, DApps Fail To Gain Traction In early-2017, as Ethereum became a household name in the cryptosphere, investors began to manufacture an investment thesis surrounding ETH. Due to the abounding popularity of initial coin offerings (ICOs), and Ethereum’s ability to effortlessly facilitate such projects, ETH quickly became the de-facto king of token sales. And as such, as the ICO subset boomed, so did the value of Ether. While ICOs became an industry flavor of the month, so did decentralized applications (dApps), with Ethereum, again, becoming a hotspot for this distinct application of blockchain technology. Initially, as 2017 came to a close, everything seemed fine and dandy for the originally Canadian project, as investors continued to launch money at Ethereum-centric startups for the promise of ground-breaking platforms. Yet, once 2018 rolled around, it near immediately became apparent that these startups’ promises weren’t worth their water. Newfangled dApps were underwhelming, with many criticizing such initiatives for missing key functionality and falling victim to glitches. ICOs realized their promises were baseless, before coming under fire from key regulatory agencies — namely the U.S. Securities and Exchange Commission. Related Reading: In EtherDelta Case, SEC Hints Most Ethereum Based Tokens are Securities In short, the bottom line is that Ethereum, including its ICO and dApp constituents, hasn’t lived up to the test of the dismal market conditions, making lower valuations for Ether sensical. In a recently-published 14-part Twitter thread diving deep into the current state of the Ethereum Network, Alex Kruger, a crypto-friendly markets analyst based in New York, echoed this sentiment. Kruger, who has expressed cynicism towards altcoins historically, claimed that ICOs got caught up in the “fragrance of easy money,” and began touting outrageous ideas for tokens. Of course, little-to-zero of these ideas came to fruition, creating an environment where there wasn’t valid demand for ETH. As alluded to earlier, dApps didn’t pose much better of a value proposition, as made apparent by the lack of daily users on even the most enticing smart contracts, like CryptoKitties, Augur, or the countless number of decentralized exchanges. Kruger quipped: “Natural sellers (ICOs, miners, treasuries) will always sell and put downward pressure on price. And for as long as ETH has no natural buyers (catalyzed by promising ICOs and usable dApps), it is a pyramid scheme, always in need of new incoming suckers to keep the price from crashing.” The Bitcoin proponent, touching on the network value assessment model that is often applied to cryptocurrencies, noted that Ethereum’s fundamentals have gone to “s***,” making its bargain bin valuation rational. Coalescing his points into a single comment, Kruger noted that while Ethereum isn’t dead nor crap, its investment thesis centered around token sales and blockchain-based applications has become “questionable,” due to the trying times catalyzed by the advent of 2018’s bear market. Kruger isn’t the first to chastise Ethereum. Arthur Hayes, CEO of BitMEX, issued a controversial blog post in August, claiming that ETH could go from “a 3-digit to a 2-digit s***coin.” Ethereum 2.0 Still Promising Although many lambast Ethereum for its progress (or lack thereof), the long-standing network still has the potential to reverse its dreary fate in the future. As reported by NewsBTC previously, the network’s Serenity (Ethereum 2.0) upgrade sequence is right around the corner. For those who aren’t in the loop, Ethereum co-founder Vitalik Buterin claimed that Serenity will facilitate “pure PoS consensus, faster times to synchronous confirmation (8-16 seconds), economic finality (10-20 minutes),” and, arguably most importantly, a 1,000x scalability upside. While Serenity is unlikely to go 100% live during 2019, many are confident that in 2020 or 2021, immense progress will be made towards the project’s long-term goal, hopefully catalyzing some form of global adoption. Featured Image From Shutterstock The post Crypto Analyst: Ethereum (ETH) Investment Thesis is “Questionable” appeared first on NewsBTC.

a month ago

Augur House Elections Market: Alleged Reporter Says Republicans Won The Market

A person claiming to be the designated reporter for an Augur predictions market which asked the question “Which party will control the House after 2018 U.S. Midterm Election?” has posted to Reddit saying that he will be reporting that the Republicans control the house today. The market ends today, 12/10, and the Decmocrats, who won

a month ago

0x Bonanza Continues With $50M Ecosystem Acceleration Program

Cryptocurrency faces a chicken-and-egg challenge: mainstream adoption. Without mainstream adoption, there is little incentive for developers to build the applications that will create mainstream adoption. It’s a cycle that 0x hopes to break as it announces a a grant program of 150 million ZRX tokens (currently worth around $50 million) to help buidl infrastructure projects and participation in the 0x network. This new ‘Ecosystem Acceleration Program’ is designed to incentivize developers to let their imaginations run with new ideas, while making it financially possible for them to do so - which should, theoretically, accelerate user growth. Co-founder of 0x Will Warren explained that “The 0x ecosystem has grown organically to service a wide variety of markets, ranging from in-game items to traditional financial assets. It’s important we continue the great work that’s already been done by accelerating development in the ecosystem by supporting exciting projects that share our vision for a more open financial system.” Fifteen teams have already received funding, which is available in amounts ranging from $10k to $1M. But for a million bucks, the standards are high. Raday Relay, is one of the first recipients of a grant, and noted that “The 0x Ecosystem Acceleration Program provides early-stage projects access to technical resources that will help shorten development time, bringing the right products to market sooner. With both financial and technical support from the 0x team, the program is a great opportunity for companies interested in making an impact with the 0x protocol.” Grant, Not Equity Crucially, 0x does not own any part of the project - providing further incentive to develop without constraint. The Ecosystem Acceleration Program is more than just a cash grant, however: the cryptocurrency ecosystem has suffered as a result of too many founders receiving too much money, and not really knowing how to execute a business plan. So to mitigate the possibility of failure, 0x is also offering project leaders access to business-critical functionality elsewhere, including legal and marketing resources, tech support from 0x developers, and “introductions to leading venture capital firms that could participate in the team’s next funding round.” 0x recently released 0x Instant, which makes it easier for dApp users to purchase ERC-20 or ERC-721-based cryptocurrencies from an app or website. The ZRX token was also listed on popular U.S. cryptocurrency exchange Coinbase. 0x Instant makes sense considering that 0x is a protocol for trading tokens. By adding a few lines of code, dApps can streamline the process for onboarding users. As a result, dApp creators no longer need to send their users to a third-party platform to convert ETH into another token and then move it to a wallet. 0x Instant streamlines the process and is already being used by popular sites like decentralized prediction market Augur with its REP token. 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. A full review of the 0x Protocol was recently published by the Crypto Briefing research team. The author is not invested in any token or currency mentioned here, but holds other digital assets. The post 0x Bonanza Continues With $50M Ecosystem Acceleration Program appeared first on Crypto Briefing.

a month ago

Augur App v1.8.4 Release: Added a hosted mainnet option, po...

Augur App v1.8.4 Release: Added a hosted mainnet option, powered by Alchemy's platform (https://t.co/fsK1SXB3jI).… https://t.co/WDRU92CzEg

a month ago

Augur App v1.8.4 Release: Added an experimental hosted main...

Augur App v1.8.4 Release: Added an experimental hosted mainnet node being provided by Alchemy (… https://t.co/dSSVseFjxu

a month ago

@mateable Hello, our content team has replied to a Titcoin r...

@mateable Hello, our content team has replied to a Titcoin rep on November 30, 2018. We are still awaiting a respon… https://t.co/bVCd5SSeH8

a month ago

Check it out on the latest release of Augur 😎 ...

Check it out on the latest release of Augur 😎 https://t.co/9JCwTaBYBI

a month ago

Crypto Week In Review: Binance Makes OTC Desk Investment, Bakkt Delays Bitcoin Futures

As 2018 bids its last farewells, the crypto market has stuttered, with a majority of crypto assets establishing new year-to-date lows, leading many analysts to express their sentiment that capitulation is officially occurring. However, the peculiar performance of the market hasn’t fazed this industry’s leading constituents. Binance, for one, continued its investment spree, siphoning millions into a budding upstart. Binance Throws $3 Million At OTC Crypto Desk, Foray Into China Expected Binance, the crypto industry’s leading retail exchange, hasn’t seemingly remained unfazed amid the cryptocurrency market downturn, recently diverting $3 million of its venture arm’s war chest into Koi Trading, a U.S.-based over-the-counter (OTC) trading desk that specializes in non-retail crypto exchange. Per previous reports from NewsBTC, Koi Trading also has hands in the jars of other industries, which include data science and analytics, quantitative research, and compliance. The San Francisco-based startup’s expansive portfolio presumably made it a logical investment for Binance itself, which has been ramping up its ventures throughout 2018’s dismal market. Still, it was divulged by Ella Zhang, chief of Binance Labs, that her firm’s investment in the OTC desk was triggered by the alignment of Koi Trading’s and that of Binance. Zhang explained: “Koi’s Trading mission is to bridge fiat and cryptocurrencies in a compliant manner. This aligns with our broader vision at Binance to build the infrastructure which provides the freedom of exchange globally.” Although Binance’s investment in Koi seems cut and dried, some believe that the $3 million investment was made in a bid to capitalize on China’s tumultuous crypto scene, which has been beaten and battered by local regulators in recent months. Per Hao Chen, CEO and founder of the startup, Koi has been bolstering its business relationships in “Greater China,” alluding to speculation that it may foray into that market in due time. It isn’t clear how the desk will skirt Beijing’s regulations, which have included a crackdown on OTC platforms and online discussion regarding cryptocurrencies, but many are hopeful that Koi’s entrance into China will catalyze another round of investment “FOMO” from the local clientele. Bitcoin Commerce Payments Down 80% Since January, Scalability Blamed Per data from Chainalysis, a leading crypto analytics startup, the U.S. dollar value of on-chain Bitcoin payment processor-based transactions has fallen drastically since early-2018’s all-time high. More specifically, the aforementioned statistic has taken an 80% hit since January, comparable to BTC’s 75% decline in the same time frame. To attribute figures to this collapse, Reuters expressed that in late-December/early-January, over $427 million in BTC was transacted for retail payments. Now, just shy of a year later, this figure has fallen to a mere $96 million. While the latter figure isn’t something to sneeze at, the fact that such a collapse occurred, even though BTC found a semblance of stability in recent months, isn’t a promising sign for the short-term prospects of crypto. Speaking on these statistics, London-based UBS strategist Joni Teves explained that scalability should catalyze the global adoption of Bitcoin in commerce. This sentiment echoes comments issued by Joey Krug, an Augur co-founder turned Pantera Capital executive, who told Bloomberg that the lack of efficiency on decentralized blockchain networks is directly hampering adoption. Although the cryptosphere only recently began to walk on its own two legs, Krug explained that scaling blockchain networks, while difficult, is something that innovators within this industry can accomplish with a dab of elbow grease, grit, and determination. And when that happens, the Pantera executive added the crypto industry will undergo its next round of a Cambrian-level bout of growth, which Krug says will boost digital assets values by tenfold. Bakkt Delays Bitcoin Futures Launch After a multi-month hype cycle, Bakkt, an Intercontinental Exchange (ICE)-sponsored crypto-centric initiative, has divulged that it has fallen victim to an unfortunate road bump, a byproduct of the corporate world today. Through a Medium post on the matter, Bakkt CEO Kelly Loeffler, formerly of the Intercontinental Exchange (ICE), revealed that her startup is now “targeting” January 24th, 2019 for the launch of its physically-backed Bitcoin futures contract, instead of December 12th. Loeffler, evidently aiming to calm players’ qualms regarding Bakkt, noted that “given the volume of interest in Bakkt and work required to get all our pieces in place,” a delay would be duly in order to ensure the program’s clients and business partners are poised for launch. The 40-day delay aside, Bakkt has maintained that it is hell-bent on putting the pedal to the metal, as it were. Loeffler, wed to ICE CEO Jeff Sprecher, explained that the “level of collaboration at the exchange, customer,

2 months ago

Bitcoin Mining Wasteful? Christmas Lights Use More Energy Than Some Countries

Think mining bitcoin is a waste of energy? Then you better ignore the energy consumption of US Christmas lights every year, which uses more electricity than some countries. Energy Consumption of US Christmas Lights ‘Tis the season to be jolly. The time of year when family and friends get together, children play, carolers sing, and consumerism hits a feverish height. Hoards of people spend money they don’t have on things they don’t need, with the average American getting through almost $1,000 over the holidays. Oh, and the energy consumption of US Christmas lights is greater than that of entire countries. That’s right. The sparkling lights that American consumers willfully sprinkle over their rooftops and yards in a bid to out-do their neighbors make up an astounding 6.63 billion kilowatt hours of electricity consumption each year. Let’s give you some context. That’s more than the entire national energy consumption of many developing countries every year. That includes El Salvador which has a population of 6.3 million and uses 5.35 billion kilowatt-hours each year and Ethiopia with a population of 105 million using up 5.30 billion kilowatt-hours. Bitcoin and other cryptocurrencies have been thrust into the public sphere for their energy-guzzling characteristics. It’s true that mining crypto takes a fair bit of power at around 215 kilowatt-hours of energy for each bitcoin (or 56 million kilowatt-hours per day based on 262,202 average transactions). That’s a lot, make no mistake. But while cryptocurrency mining is looking for sustainable solutions, cleaner energy, and the possible transition to Proof of Stake, nothing’s being done about those twinkling fairy lights. Sound Money or Christmas Lights: Pick One Alejandro de la Torre, VP of Business Operations for BTC.com, Bitmain’s largest mining pool (and the largest bitcoin mining pool in the world), told Bitcoinist in an interview at Web Summit that you have to put the energy consumption into context. “First of all,” he says, “mining pools are creating jobs, and secondly, we’re talking about a very important technology... that will help us people grow and be financially secure.” So, that’s Bitcoin’s excuse. What about the energy consumption of US Christmas lights? You don’t see environmentalists pointing the finger over that. But then again, on the list of excessive behavior from the States, it somewhat pales into insignificance. Christmas lights also make up just 0.2 percent of all the energy consumed in this power-thirsty nation. Does Bitcoin get a bad rep for using a lot of electricity? Share your thoughts below? Images courtesy of Shutterstock The post Bitcoin Mining Wasteful? Christmas Lights Use More Energy Than Some Countries appeared first on Bitcoinist.com.

2 months ago

Daily Berminal Brief: A New Wave of Selling Hits the Crypto Market

A new wave of selling recently hit the cryptocurrency market that has pushed the whole market down further after it looked like prices had been stabilizing. Another $10 billion has been shed from the total market cap over the past 24-hours, with $4 billion happening within the last hour. Bitcoin (BTC) is currently trading at $4,377, a decrease of 4.55% on the 24-hour chart, while XRP is down 4.15% and trading at $0.427. Out of the top 100 coins, Augur has performed the best over the past 24-hours, currently up 15.18% and trading at $10.34. (JF)

2 months ago

Augur App v1.8.1 Release: Happy Thanksgiving! 💥 A quick pa...

Augur App v1.8.1 Release: Happy Thanksgiving! 💥 A quick patch release fixing a minor bug preventing augur-node co… https://t.co/amCLsUbR6y

2 months ago

Augur App v1.8 Release: 🦃 This year I'm thankful for Augur ...

Augur App v1.8 Release: 🦃 This year I'm thankful for Augur dev velocity. A bunch of goodies in this one, including… https://t.co/VlbH3INAi8

2 months ago

Best Exchanges to Buy Stellar Lumens (XLM) In Europe - A Guide For Beginners

Small Introduction to Stellar Lumens - What is Stellar Lumens (XLM) ? Stellar Lumens is a cryptocurrency created in 2014 by Jeb McCaleb and Joyce Kim. The cryptocurrency was created to allow cross-border transactions between any pair of currencies. Stellar protocol is the system behind XLM - which is decentralized & open-source - that allows the exchange of value using blockchain technology. The cryptocurrency already have different real-word applications, from which we can note: Deloitte integrated with Stellar in 2016 to create a cross-border payments app, Deloitte Digital Bank. In October 2017, Stellar made a partnership with IBM and KlickEx to ease the cross-border transactions in South Pacific Region. In December 2017, TechCrunch & Stellar created SureRemit - a Nigerian based non-cash remittances platform. In January, Stripe planned to add Stellar’s cryptocurrency - XLM - but never did probably because of the bear market In November 2018, Stellar have the most massive cryptocurrency giveaway in history - with $125,000,000 in XLM to be distributed - in partnership with Blockchain.com. More details about this can be found on Blockchain.com/getcrypto. Stellar’s top value was on January 4th, when their native cryptocurrency - XLM - reached above the $0.90 mark. Since then, the lowest value was on March 18th, 2018 - with a price of $0.16 per XLM. From that point forward, the XLM value had a growth to $0.45 - but never reached more than that. XLM was traded between October and November in the $0.20 - $0.28 range, many people expecting it to grow due to the future Coinbase listing.Right now, XLM is trading around $0.198 - a decrease caused by Bitcoin’s price drop. However, in BTC value - Stellar Lumens is up with more than 10%. More details about Stellar Lumens (XLM) can be found on: Wikipedia - Stellar CoinCentral - What is Stellar Lumens? A Beginner’s Guide MyCryptopedia - Stellar Lumens (XLM) Explained Best Exchanges to Buy Stellar Lumens (XLM) In Europe There are plenty of exchanges to buy XLM worldwide, we will focus on the most trusted European ones while also analyzing the fees, the history of the exchange and the users opinion. Kraken Cryptocurrency Exchange Kraken is one of the most trusted exchanges. Founded in 2011 as a Bitcoin Exchange only, Kraken has evolved a lot since then and its now offering other cryptocurrencies too. They now accept a wide list of cryptocurrencies such as: BTC, BCH, ETH, ADA, QTUM, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS. An interesting fact about Kraken Exchange - it was the first one to be listed on Bloomberg terminals. Kraken has not suffered any hack since 2011. Their service had a poor quality in 2017 during the crypto mania, but they now managed to improve it. We can now say that Kraken have one of the best support services from the crypto space. The fees: Extremely low! The trading fees for buying Stellar Lumens (XLM) or selling Stellar Lumens (XLM) are under 0.1%. The EUR Bank Wire Deposit option have a fixed fee of 10 Euro - that you pay to the bank, not Kraken - while the EUR SEPA Deposit is free. The withdrawal fee for Stellar Lumens (XLM) is 0.00002. We’ll round it to 0, as the amount is 0.00000004 EUR. In conclusion, you could purchase Stellar Lumens (XLM) from Kraken without losing more than 0.5% of your deposit amount. History & Safety: Active since 2011.No hacks occurred until the time of writing the article. Cryptocurrencies are stored in hardware wallets in order to offer protection for the buyers. However, its better to keep it to your personal hardware wallet ( we recommend a Ledger or a Trezor device). Users opinions: We’ll judge this by checking the users opinions from Kraken exchange. More details can be found on CryptoCompare. The average user score is 2.2 out of 5 - which is pretty harsh in our opinion. But, as we’ve mentioned, 1 year ago Kraken had a very poor customer support service. So, we’ll judge this from 2 points of view 2.2 out of 5 score overall - People had unpleasant situation with Kraken exchange in the past. As some of the users mentioned, Kraken exchange can be a little bit unfriendly for new users. We can say the same thing about their support in the past. 5 reviews in 2018: 3 users voted Kraken 4 out of 5 while 2 users voted Kraken 5 out of 5. Therefore, the overall vote would be 4.6 out of 5. This is a proof that Kraken Exchange really tried and improve their service. Zerocrypted’s Opinion About Kraken Exchange Kraken Exchange did a great job by increasing the support agents and hiring professional ones. Their low fees as well as the ability to purchase crypto using EUR deposits made it friendly for any European that looks to purchase a few Stellar Lumens (XLM). Buying Stellar Lumens from Kraken is not such a simple process for someone unfamiliar with crypto. If other services offered a simple button to purchase a cryptocurrency only by pressing a button, on Kraken you need to be more experien

2 months ago

We spent the last few months building Lake Trade - A beautiful, ZERO-FEE decentralized trading platform powered by Ethereum and 0x. We'd love the ETH community's feedback!

Hey fellow buidlers and hodlers 👋 For the past few months, we've been working around the clock on building a ZERO-FEE decentralized trading platform called Lake Trade, where you can trade directly out of your Ethereum wallet. We're super excited to finally launch it on Reddit! We've built this on Ethereum and the 0x protocol, and designed it from the ground up to be secure, fast and user-friendly. Building on 0x gives us immediate, **shared liquidity** with the 0x network, which means you can start trading today and see real volume on our platform. https://i.redd.it/2kpo1i7s3ly11.jpg ## Try Lake Trade now! [http://trade.lakeproject.co](http://trade.lakeproject.co/) ## It's not perfect, here's what to expect: * Centralized exchanges will have higher liquidity * Trade execution is slower but improving (they're getting pretty good!) * You will need to pay Ethereum gas fees (significantly less than most exchange fees) * We maintain an open order book, we do not match trades directly like centralized exchanges * Unfortunately for compliance reasons we currently do not support the US (We're working on this, but it takes time and money) Now, you might be thinking: "Not another relayer - what's so special about this one?" ## Here's what makes Lake Trade great: * **Zero-Fee Trades** \- We believe in creating things of value, not paywalls * **Millions $ in Volume** \- We have shared liquidity with the 0x network * **Trade Popular ERC-20 Tokens** \- DNT, BAT, REP, REQ, OMG and more! * **User-Friendly & Powerful** \- We built an intuitive and beautiful platform for trading ERC-20 tokens, with more to come (margin trading, derivatives) * **Portfolio features** \- So far we've implemented charts to show the allocation of your balances, with other analytics on our roadmap * **Trade From Your Wallet** \- No signups. We support Metamask, with Ledger and Trezor support soon! * **Real Customer Support** \- We ACTUALLY have customer support with live chat or email # Lake Trade is one piece of our vision - We're aiming to build Finance 2.0 **For the first time in history, we have a technology that enables us to build a globally inclusive, frictionless, and peer-to-peer financial system**: one that enables us to trade value directly with each other, all while having full custody of our assets and money. By harnessing this new technology and building the right tools, we can create markets that are more transparent, inclusive, efficient and user-centric. To get there, we need to build a decentralized financial stack. As a team, we are determined to be at the forefront of building secure, user-first products that empowers people to preserve their wealth, trade seamlessly, and do commerce globally at low cost. https://i.redd.it/7gcde5aw3ly11.jpg ## To realize this new future, we need to work collaboratively with regulators As I'm sure everyone's aware by now of EtherDelta's SEC charges. This obviously has implications for the Lake Project and our trading platform. We believe it's crucial to build a cooperative relationship with regulators, and work together to build meaningful progress and to advance adoption of cryptocurrencies. To do that, we are doing our best to be compliant with securities laws and applicable regulations. To be compliant, we're taking the following steps: 1. We have a due diligence process in place to ensure we list only utility tokens. We do **not** list any security tokens 2. We have built blacklist capabilities to prevent access to our trading platform for regions where it's illegal to trade the tokens listed on Lake Trade 3. We've put terms and conditions in place to reflect these regulatory requirements where applicable 4. We're actively talking to industry experts and legal counsel on best steps forward to be compliant ## What's Next? Automatic Investing powered by our A.I. The often overlooked piece in Finance 2.0 is wealth preservation and growth. We need tools that anyone can take advantage of, at significantly lower costs than traditional investment options today. With our team's deep expertise in data-science and AI, our next goal is to build an AI-driven investment fund **available to anyone, anywhere**. We've already made good progress on the AI, and we've begun rigorous back-testing to ensure performance. We'll be posting more updates on this as we do more comprehensive testing with our AI. If you want to stay connected, please subscribe to our mailing list on our website at [http://lakeproject.co](http://lakeproject.co/) ## Help us build a next-generation Open Financial System We're on a mission to build great products that empower people all over the world to make the right economic decisions for their needs. Lake Trade is just the beginning, and we have more ideas we're exploring. Please leave a comment with your constructive feedback and we'd be happy to work with everyone to fix any issues, build out new useful features, or help tackle other challenges in the

2 months ago

Bitcoin Price Watch: Currency Falls to Its Lowest Point in A Year

Boy, oh boy... Where do we even begin? The father of cryptocurrency is in a terrible state. After falling to $6,200 from its recent “high” of $6,500, bitcoin’s price has taken a major turn for the worse. At the time of writing, the currency has dropped down to approximately $5,500 - its lowest point since October and November of 2017. This is roughly $1,000 down from the $6,500 price it was boasting just a few weeks ago, and that was a slump from the currency’s late September price. While there are several reasons given regarding the price drop, two specific ones stand out. The first is that very little new money is entering the marketplace. This suggests that bitcoin and cryptocurrencies have somehow lost their steam; that new investors are either uninterested or too afraid to enter the arena, and thus the trading that’s occurring is only between established investors that are likely in too deep to leave. Nick Cawley, a market analyst at Daily FX, comments: “The speed with which cryptos crashed Wednesday indicate that there is very little fresh money or buying interest in the market, and that stops were limited in size.” The second reason, however, brings bitcoin’s “baby brother” into the equation. At just over a year old, bitcoin cash emerged from a bitcoin fork that occurred in August of last year. Now, the new coin is set to undergo its own fork, which some claim is taking a nasty toll on bitcoin and the general market. Marcus Swanepoel, co-founder and CEO of the cryptocurrency trading wallet Luno, recently stated: “This drop in the bitcoin price is more than likely due to the upcoming hard fork scheduled by bitcoin cash. The bitcoin cash blockchain has been undergoing scheduled hard forks every six months to upgrade and improve the protocol. In most cases, these hard forks are uncontested with the whole community supporting them. In this case, however, consensus couldn’t be reached with two factions emerging and proposing different solutions for the upgrade.” The upcoming hard fork has allegedly placed two of the industry’s biggest names - Craig Wright and Roger Ver - in a personal war. Ver is eager to see bitcoin cash remain as it is, while Wright wants to see the fork happen. Both have consistently traded blows on YouTube and neighboring sites. Donald Bullers - North American rep for the decentralized software company Elastos - states: “It’s safe to say that bitcoin cash’s upcoming hard fork was stirring uncertainty amongst crypto investors, and forecasters across crypto and traditional markets alike have predicted a prolonged bear market heading into 2019.” Bitcoin Charts by TradingView The post Bitcoin Price Watch: Currency Falls to Its Lowest Point in A Year appeared first on NullTX.

2 months ago


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