Bancor BNT

$0.5670
Market Cap $ 35.144 MM (#89)
24h Volume $ 1.120 MM
Chg. 24h: -2.00%
Algo. score 4.3/5  (#8)
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Bancor News

Kayak Of Crypto Finalizes $1 Million Seed Round

Venture capitalists are still investing in blockchain startups, but on a highly selective basis. Detroit, MI-based Totle, which dubs itself the “Kayak of Crypto,” has raised $1 million in a seed round from a trio of institutional investors. These investors include Arrington XRP, Singapore-based NEO Global Capital (NGC), and Goren Holm Ventures. The latest round brings the Totle fundraising tally to more than $3 million. Totle Founder and CEO David Bleznak told Crypto Briefing that it is an “interesting time to be looking to raise capital,” adding: A lot of the decrease in the value of the assets like ETH and bitcoin has really created a new environment where these venture groups are cautious and have been playing it close to the chest. The $1 million will be directed toward business development and marketing. Decentralized trading is still in its infancy, and Totle is still “learning its customers and all of the different use cases,” which requires capital, according to the CEO. “We are at the service of our customers, whatever they want we try to build out,” he said. VCs Want A Working Product The capital raising environment has made a 180 degree turn from only months ago when ICOs were still all the rage and all a company needed was a concept and a white paper. These days, venture capitalists are looking for companies with an actual product, customers and income, Bleznak explained, adding that the team’s ability to execute was important in the last fundraising round. They were actively looking for infrastructure plays that have a working product. That’s how we connected with them. Unlike many early token sales, Totle already has users and a working product, a recently launched API that aggregates liquidity to leading decentralized exchanges (DEXs). Since launching its API, Totle has integrated more than a dozen decentralized exchanges, including Bancor and EtherDelta, with another five to be added in the coming months. 2 new DEXs added to our liquidity pool before 2018 came to an end: @TokenDotStore and @EthexMarket 🔥 (13 in total now!)https://t.co/n1P3gERaB9 — Totle (@TotleCrypto) January 11, 2019 Totle is built on the Ethereum blockchain, and despite the many issues the network has faced, Bleznak doesn’t have any complaints. “Ethereum is technically sound and the most adopted blockchain,” he said. “By far, it’s the best option for us right now.” Nonetheless, the company is keeping its options open. Bleznak said: Cross chains are a very hot topic in the DEX space. There’s no robust solution [to move] from one chain to another. It’s definitely on our radar. Ethereum is days away from its highly anticipated Constantinople upgrade, which is hoped to be the first step toward greater scalability. Bleznak says upgrades like this are necessary in order for the network to attain mainstream adoption. But the Totle founder also recognizes that it’s early innings for the blockchain and Ethereum, as for any emerging technology. “If I built Uber and only had an iPhone 1, the technology wouldn’t work too well,” Bleznak said. “But if I waited five years, it would catch up. It’s a similar situation for dApps and the blockchain.” The author is invested in digital assets, including bitcoin which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Kayak Of Crypto Finalizes $1 Million Seed Round appeared first on Crypto Briefing.

14 hours ago

Preliminary transaction data from Bancor & @grassecon's ...

Preliminary transaction data from Bancor & @grassecon's Kenya pilot shows the tremendous impact of #blockchain-base… https://t.co/t2CfP4x0Yn

17 hours ago

The primary components of our decentralized liquidity networ...

The primary components of our decentralized liquidity network are #SmartTokens, $BNT, the Bancor Formula and Automa… https://t.co/VuQj1szN4f

2 days ago

Bancor is expanding, creating the world’s largest cross-chai...

Bancor is expanding, creating the world’s largest cross-chain liquidity network with over 130+ ERC20 & EOS-based… https://t.co/QL4JKyGGn9

3 days ago

The open-source Bancor Protocol allows users to create &...

The open-source Bancor Protocol allows users to create & connect user-generated #tokens, which are convertible with… https://t.co/09mBlVGCbW

7 days ago

WATCH: You can now use Bancor in the @eosnova_io #DApp Stati...

WATCH: You can now use Bancor in the @eosnova_io #DApp Station for free conversions between $EOS #tokens directly f… https://t.co/Qp1i9ann1b

8 days ago

One of the simplest ways to integrate Bancor in your website...

One of the simplest ways to integrate Bancor in your website or app is by adding our widget, which allows users to… https://t.co/aWtHhNLjju

10 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.

12 days ago

The countdown: The top three most remarkable ICOs in 2018

When it comes to initial coin offerings (ICOs), we tend to hear many of the negatives - about how risky they can be, how projects can target easy prey using them as scams, and how they are often wildly unregulated - but they’re not all bad. Sometimes a fantastic project just needs a little help in the money department and a coin offering is a great way to get that extra support. And sometimes that extra support comes in the form of many, many dollars worth. Here we take a look at three of the biggest token sales this year. The DAO The ICO sale for the DAO (Decentralized Autonomous Organisation) project brought in $152 million USD worth of ether in May 2016 and then carried with it a whole lot of scandal. The project, set to a craft a decentralized blockchain version of a venture capital fund, hoped to offer a way in which new projects could be built on Ethereum’s blockchain. It turns out that with great money comes great controversy, and one month after the crowd sale began, things started to unravel. It was found that there was a major compromise in the security of the DAO’s system which let in a hacker who made off with close on one-third of the sponsored funds. After ‘the DAO hack’, as the scandal became known, the thread started to pull and things fell apart quickly from there and the project dissolved. The incident also raised an alert to the US securities and exchange commission (SEC) which declared that the sale of the DAO coins would be considered as having been issued that of a security. That means the tokens should have been subject to regulation and the endeavor sparked new ICO regulations for US based projects to consider. It’s easy to note the negative aspects of the DAO project, but one cannot forget the success before the hack and the massive amount of money which was raised before the theft. Bancor Hey, want a protocol which can allow you to release new ‘smart token’ cryptocurrencies easily convertible against reserve tokens? Sounds good, right? Thus enters Bancor. The project allows that and more - the procedure is designed to lessen issues in trading such as liquidity and price discovery for newly listed tokens. Since the demand for cryptocurrencies increases so does the necessity for a user-friendly trading platform. Held in June of last year, the ICO for a blockchain project by the company managed to pull in an impressive $153 million USD in Ether. The prediction market project run by the exchange network allows users on the platform which hold Ethereum coins to “cut out the middleman” when exchanging them for another token listed on the network, reducing unnecessary fees. The project’s token immediately had an initial success with a spike on its first day - hitting its highest of $4.49 USD before dipping to a low of $1.49 USD trading price. EOS Like Bancor, EOS’s ICO was also launched in June of last year but the project has nothing else in common. The founders developed the project with a legally composed system in mind in order to create a system which can act as a common authority for blockchain disagreements. The platform, often compared to the sought-after Ethereum network, also hopes to tackle the scalability issues seen in its “bigger”, older counterpart and alleviate the congestion we’ve all grown to know and despise. The project has done impressively well and has attracted a significant amount of attention - and funds - from investors especially based in China, the company’s home nation. Bonus - Telegram The Mac Daddy of all coin offerings entered the ring in a fashion a little different to the others. This ICO receives a different light owing to the fact that the public token sale has not - and might not - taken place. The company initially set an ambitious goal of $1.2 billion USD for its planned project - which will come in the form of a new blockchain dubbed the Telegram Open Network (TON) - and the company’s private token sale has just blown that figure out of the water. Currently, the coin offering (not open to public investors) has collected a staggering $1.7 billion USD in funds for the project. It gained $850 million USD in the first phase of the sale in February of last year and then managed to double that last month. It would be unfair to hold it in the category of the top public initial coin offerings since it isn’t open to the public, but it’s a coin offering too jaw-droppingly impressive not to mention. The post The countdown: The top three most remarkable ICOs in 2018 appeared first on Coin Insider.

12 days ago

Circle Recaps 2018 and $24B OTC Trading Volume is Not the Company’s Only Achievement

CoinSpeaker Circle Recaps 2018 and $24B OTC Trading Volume is Not the Company’s Only Achievement It’s not a secret that 2018 was a rather controversial and challenging year for the cryptocurrency world. Nevertheless, some companies can be really proud of their year results. And cryptocurrency finance firm Circle is definitely one of them. In its official blog post, the company has shared its 2018 accomplishments. General Growth in 2018 According to the statement, Circle has managed to show excellent growth rates. At the current moment, it works with 8 million customers living in more than 195 countries. In 2018, the company conducted over 200 million transactions worth roughly $75 billion. Moreover, Circle started 2018 with two products and expanded to five by the end of December. Circle released its crypto investment app ‘Circle Invest’, acquired a digital token exchange Poloniex, issued its first stablecoin USDC, purchased a crowdfunding platform called SeedInvest - and it’s still not the full list of the company’s achievements for 2018. OTC Trading According to Circle, its OTC trading business, Circle Trade, is also expanding despite the difficulties that the entire industry faced in 2018. Circle Trade managed to welcome a record number of institutional customers, expand its services across the US, Asia, and Europe as well as to introduce significant technical improvements. As it has been revealed, in the previous year, Circle Trade executed over 10,000 OTC trades with 600 different counterparties. In total, the transactions across 36 digital assets generated a notional volume of $24 billion. OTC trading provides investors with an opportunity to conduct trades directly with one another without a necessity to rely on intermediaries such as crypto exchanges. In general, OTC trading services in digital assets represent a special interest for institutional investors who are turning to Circle Trade’s services more and more often. Acquisition of Poloniex Poloniex acquisition which happened in early 2018 is one of the most important events for Circle. Circle took a decision to acquire one of the earliest crypto exchanges with a view to expand its activities and offer additional support for cryptocurrencies as well as to provide its customers with enhanced services. In 2018, Poloniex experienced numerous upgrades including technical and regulatory changes. Moreover, a range of new digital assets was added to the platform. This list included EOS, BAT, SNT, KNC, LOOM, FOAM, MANA, BNT, and USDC. At the same time, 20 coins were excluded from Poloniex. Acquisition of SeedInvest Another strategic acquisition made by Circle in 2018 is purchasing SeedInvest. One of the reasons why Circle took a decision to acquire this crowdfunding platform is its desire to win a federal banking license. The end goal of this initiative is to register with the SEC and to give traders a possibility to buy and sell tokens as securities for the first time which could become an important accomplishment for the entire crypto community. 2018 was a very productive year for Circle but the company believes that 2019 will bring even more results. Circle Recaps 2018 and $24B OTC Trading Volume is Not the Company’s Only Achievement

12 days ago

WATCH: @cypherglass CEO @finchify explains how Bancor facili...

WATCH: @cypherglass CEO @finchify explains how Bancor facilitates cross-chain #token conversions between @Ethereum… https://t.co/aKIgcGgUJl

13 days ago

CWEX — a #blockchain-based fine wine exchange — has announce...

CWEX — a #blockchain-based fine wine exchange — has announced integration with Bancor to facilitate #liquidity for… https://t.co/zDUb7lIngj

15 days ago

.@NoCamels highlights 5 Israeli women in @Forbes's Top 50 Wo...

.@NoCamels highlights 5 Israeli women in @Forbes's Top 50 Women In Tech list including Bancor Co-Founder… https://t.co/IYovwK4Qtp

16 days ago

Get the latest updates from Bancor Russia! Bancor теперь и н...

Get the latest updates from Bancor Russia! Bancor теперь и на русском языке! 🇷🇺 Вконтакте -… https://t.co/8dwYtHRU4i

17 days ago

Get the latest updates from Bancor's Russia! Bancor теперь и...

Get the latest updates from Bancor's Russia! Bancor теперь и на русском языке! 🇷🇺 Вконтакте -… https://t.co/VwfDKINBgg

17 days ago

Integrate any #ERC20 or $EOS #token with Bancor and give you...

Integrate any #ERC20 or $EOS #token with Bancor and give your project instant #liquidity across blockchains.… https://t.co/qMDgGlN0LO

17 days ago

The Bancor Network is growing every day with 130+ tokens and...

The Bancor Network is growing every day with 130+ tokens and 8,750+ conversion pairs live across 2 #blockchains. Le… https://t.co/2mrCRVFl4k

19 days ago

We're deploying updates to the Bancor Web App leading up to ...

We're deploying updates to the Bancor Web App leading up to the unification of Bancor’s Ethereum-based and EOS-base… https://t.co/cy8Tg0ELg5

20 days ago

A Handful of Crypto Firms Increase Hiring as Others Accelerate Layoffs

The year-long crypto bear market has led to a number of crypto-mining related companies laying off staff and recent reports indicate that Bitmain and ConsenSys could be handing out pink slips to more than 50 percent of their staff. Huobi group is also planning to layoff staff and a recent report from the South China Morning Post suggested that the company would “optimize staffing” by laying off its worst-performing employees. Meanwhile, as manufacturing-related companies layoff employees, Bancor recently tweeted that it will hire more employees as they are still in “BUIDL” mode. Facebook, eToro, and TRON have also announced that they intend to continue hiring in spite of the current market downturn. (RS)

20 days ago

WATCH: A simple 1 minute Bancor explainer... in Chinese. [En...

WATCH: A simple 1 minute Bancor explainer... in Chinese. [English subtitles included] 什么是Bancor? 请看这一分钟的简单解释。… https://t.co/GW3fzI2Q3f

24 days ago

BACK TO BASICS: #SmartTokens, $BNT, the Bancor Formula and A...

BACK TO BASICS: #SmartTokens, $BNT, the Bancor Formula and Automated #Liquidity are the primary components of our d… https://t.co/WHlKlXu86H

24 days ago

Ethereum (ETH) Gains 20% as the Holiday Cryptocurrency Rally Continues

Ethereum has gained 20% over the past 24 hours as the holiday crypto rally extends into the weekend. As at the time of writing, 6:05 AM UTC, ETH is trading at $129.4 with a market valuation of $13.5 billion, which has surged by approximately 50% since the beginning of the week. ETH is also leading the AltDex 100 Index (Alt 100). Other top gainers are WAVES, BNT, HOT, and STEEM, which have gained more than 15% today. BTC's value has also increased by 4.61% to trade at $4,052 with a market cap of $70.7 billion. (KE)

24 days ago

Upgrade your Math Wallet and try the Tron Bancor Exchange ! ...

Upgrade your Math Wallet and try the Tron Bancor Exchange ! 🎉https://t.co/jhbG3QwY4T #TRX #TRON @Tronfoundation… https://t.co/jv5MVVFeR1

a month ago

It Happened: Next Block Conference in Tel Aviv!

CoinSpeaker It Happened: Next Block Conference in Tel Aviv! NEXT BLOCK gathered more than 300 participants from Israel and all around the world - top-tier experts, investors, opinion leaders and promising startups. David Weild IV (NASDAQ) and Alex Mashinsky (Celsius Network) have delivered meaningful keynote speeches on blockchain and crypto trends of 2019. David has described the latest market turmoil as a positive development that will bring the industry back to the fundamentals. David said: “I think this significant technology shift in tokenization of securities allows us to make distributions and do a whole range of things more efficiently is here to stay. But “just let it run” doesn’t work. Rules change, and you have to modify the process layer. 2019 is going to be back to basics year. Still, you have to have some prototype or product, and even sales to get financed.” Alex stated that the market is maturing and we’re being left with the serious companies and investors: “We’re seeing more sellers than buyers and that’s a good development. We don’t want those people. They were not here for the long run, they just wanted to make some instant cash.” At NEXT BLOCK the guests could hear from industry experts and blockchain executives such as Dr. Asher Idan (Startup-Nation), Naeem Aslam (Forbes, ThinkMarkets), Robert Cohen (Benson Oak Ventures and NKB Capital), Motti Peer (Blonde 2.0), Eran Tirer (Ledgertech AG), Eyal Hertzog (Bancor), Ralph Y. Liu (MuleChain) and others. The conclusion of the fruitful discussions could be stated in following: Fewer scammers, More products, fewer papers, Blockchain consolidation. In addition, at NEXT BLOCK 5 lucky participants won first blockchain smartphones FINNEY by Sirin Labs with the facilities like built-in cybersecurity suite, crypto wallets, Sirin OS, DApps, and Token Conversion Service. The highlight of the event was an EXCLUSIVE and STYLISH After-Party - FashionTV Party By NEXT BLOCK. The party rocked in FashionBar Tel Aviv, treating the guests with delicious cocktails and the atmosphere of allure, as well as in-depth networking! We invite you to join the upcoming NEXT BLOCK Conferences at NEXT-BLOCK.ORG and follow us at Facebook, Telegram, Instagram, Twitter and LinkedIn to get latest news and promotions. It Happened: Next Block Conference in Tel Aviv!

a month ago

Bancor, @grassecon and @poanetwork have enabled Kenyan commu...

Bancor, @grassecon and @poanetwork have enabled Kenyan communities to use #blockchain-based local currencies on fea… https://t.co/tIF8BSaVSd

a month ago

Bancor: 18 Months Live [Infografic]

CoinSpeaker Bancor: 18 Months Live [Infografic] Celebrating the 18-month anniversary since the Bancor Protocol was born, the digital marketing specialists at Cyberius created an infographic, which visually represents all the major goals achieved by the project so far. The history of the Bancor token project begins on June 17, 2017, when the company managed to attract $153 million worth of Ether in less than 3 hours from 10.855 contributors, making it the second-largest fundraising campaign in the blockchain industry. According to the official web-site, Bancor represents itself a protocol for the creation of Smart Tokens, a new standard for cryptocurrencies which are intrinsically exchangeable directly through their smart contracts. The protocol leverages an innovative reserve method to enable automatic price discovery and continuous liquidity for tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. The open-source Bancor Protocol allows users to create and connect user-generated tokens which are instantly convertible within any environment, giving rise to new dapps, blockchains and token-creation tools. The detailed infografic you can see below: Bancor: 18 Months Live [Infografic]

a month ago

DEXs Gain Totle Control Over Liquidity

Totle, backed by NEO Global Capital (NGC) and Arrington XRP, is helping to solve the liquidity issue for decentralized exchanges (DEXs). The Detroit, Michigan-based startup has launched a business-related API dubbed Totle Movement, marking a shift to a business-to-business strategy. Totle Founder and CEO David Bleznak told Crypto Briefing: It allows wallets, other trading platforms and any business that wants to offer token-to-token swaps to use Totle as that function. Use cases include games, ICO platforms, payment solutions and payroll. For example, if a blockchain company uses a compensation model that is 20% crypto, they can accomplish that on Totle. One of the blockchain startups using Totle for payroll is Opulus. Totle has no logins or two-factor authentication. Instead, users bring their own wallets, such as a Trezor, Ledger or MetaMask, and trade. Orders are routed and completed via aggregated order books, and one buy or sell order could be completed with multiple decentralized exchanges. Totle integrates with just over a dozen DEXs including EtherDelta, Kyber, RadarRelay, Bancor, AirSwap and more. By bringing [the DEXs] together on one platform, we combat that problem [of liquidity]. You can fill orders across multiple venues with one transaction. We show you where you’re going; you don’t have to decipher which venues to go to. Let’s say you’re placing an order to trade 5,000 ether for Dai and there’s not enough liquidity on Bancor to do it. Totle will split the order up for you. This aggregated approach allows Totle to complete bigger orders and bolster much-needed liquidity in the ecosystem. While there’s still more work to be done, the market has grown “significantly bigger” since they started, Bleznak noted. Centralized vs. Decentralized Is Like Coke vs. Water Meanwhile, the lack of KYC features has given Totle an edge over some of its peers, such as ShapeShift, which has recently moved to an account registration model. One unlikely exchange that has just made its way into the competitive landscape for DEXs is Coinbase, with its expansion to support crypto-to-crypto conversions. While not a direct rival, Bleznak says it’s close: Yeah, I would consider that Coke vs. water. It’s not really in direct competition, but it’s definitely an alternative. All centralized exchange businesses to us are like Coke vs. water. Expanding upon Bleznak’s analogy, centralized exchanges are a bit like Royal Crown compared to the Classic Coke recipe of DEXs and Totle. That’s because DEXs more closely resemble the early vision for the crypto space, including Satoshi Nakamoto’s peer-to-peer system. Now, if only they would change the words of the jingle to ‘I’d like to buy the world a Coke with bitcoin.’ The author is invested in digital assets, including ETH which is mentioned in this article. Join the conversation on Telegram and Twitter! The post DEXs Gain Totle Control Over Liquidity appeared first on Crypto Briefing.

a month ago

Bancor allows developers to build networks where participant...

Bancor allows developers to build networks where participants create and convert user-generated #tokens. A few exam… https://t.co/y908dsyxov

a month ago

Crypto Price Watch: Good Day For the Market Sees EOS, Stellar (XLM) and IOTA Surge by Over 10% Each

The past 24-hours have been extremely positive for the crypto sector, with all of the top-20 alt-coins in the market today gaining considerable financial traction. It is especially worth noting that of the lot, EOS, XLM and IOTA witnessed the largest gains (of around 21%, 11%, and 12% respectively). As a result of yesterday’s economic uptrend, the total market capitalization of the alt-coin domain has risen from around $104.04 Billion to $112.2 Billion (at press time). EOS Jumps Three Spots to Surpass USDT, LTC, and XLM After weeks of getting pounded by a bear market, EOS is now winning the coin cap race-with the premier asset now sitting above Litecoin, Tether and Stellar in the fourth spot. Over the course of the past day or so, EOS’s total market has jumped from a respectable $1.9 Billion to a maximum of $2.3 Billion. However, since reaching its apex, the currency has stabilized and its market cap now lies at $2.17 Billion. $EOS is currently one of the most popular #tokens on Bancor. Check it out: https://t.co/PfjEPlUHK5 pic.twitter.com/xXTDbnvcO0 — Bancor (@Bancor) December 18, 2018 Lastly, with all this information in mind, it is also worth noting that over a fortnight back, EOS was struggling to even stay in the top-8— with the currency tucked behind BCH and BSV while trading at an annual low of about $1.5. IOTA Surges as New Details Regarding AUDI Partnership Emerge Since yesterday, the IOTA token has been able to garner immense positive traction— with the currency currently trading in the green at +12%. This, according to many analysts is due to the IOTA foundation recently announcing to its backers that its five-month-long joint collaboration with Audi had been a “success”. For those unaware of the above-mentioned developments, it is worth remembering that earlier this year, the team behind IOTA and Audi had decided to partner up and devise a technological breakthrough that could be used to deal with “real-world issues in the automotive space, Internet of Things (IoT) and mobility”. Audi Denkwerkstatt and IOTA: shaping the future of mobilityhttps://t.co/HtOr6izWtf #IOTA #AudiDenkwerkstatt — IOTA (@iotatoken) December 14, 2018 Lastly, in regards to the matter, the IOTA foundation recently released the following statement: “The presentation was a success, and it was yet another example of the importance to explore new technologies like IOTA with a customer-centric approach.” Final Take In addition to smaller players experiencing a massive boost over the past few hours, even premier alt-coins such as Ripple’s XRP, Bitcoin (BTC) and Ethereum (ETH) have garnered considerable financial traction since late yesterday evening. However, looking forward, it now remains to be seen how long these bullish conditions continue to persist. The post Crypto Price Watch: Good Day For the Market Sees EOS, Stellar (XLM) and IOTA Surge by Over 10% Each appeared first on NullTX.

a month ago

The Bancor Network continues to grow with 130+ ERC20 and EOS...

The Bancor Network continues to grow with 130+ ERC20 and EOS-based #tokens now live across 8,750+ token pairs. Whic… https://t.co/4wArYtPWyz

a month ago

The first month of transaction data from Bancor & @grass...

The first month of transaction data from Bancor & @grassecon's Kenya pilot is in! For the first time in history, we… https://t.co/vBPxrjwUYa

a month ago

@CHalexov2016 @ethereum Bancor is intended to function as a ...

@CHalexov2016 @ethereum Bancor is intended to function as a polychain liquidity solution. We recently went crosscha… https://t.co/7WHxWahutE

a month ago

TRON Releases Dapp Weekly Report: Two Tron-based Decentralized Exchanges Launched

The Tron project published its Dapp weekly report on Dec. 14th in which it highlighted key milestones such as the launch of two decentralized exchanges (DEXs). Tron is doing a good job in publicizing its growing Dapp ecosystem, and this will potentially direct more users to the platform. Tron managed to establish a cooperation with CropBytes. The popularity of Tron’s Dapps is shown by the increase in the number of transaction volume for Dapps. Two Tron-Based DEX’s Launched Two decentralized exchanges based on Tron were launched during the week. TRX Market was launched on Dec. 12th. It was developed by the Tron community. The new DEX supports three tokens - GOC, BET, and FUN - and they are all paired with Tron’s TRX token. “It is the TRC20 order matching exchange by the Tronscan Team after TRC10 Bancor exchange,” read part of the report. GOC is another exchange that was launched during the week and is described as the “first TRC20 and TRC10 exchange of Tron.’ The TRC10 exchange is similar to Tronscan DEX which shares the same principal code, and the only difference is the UI. GOC’s TRC20 exchange functions as an order matching exchange and its native token GOC is listed on the platform. GOC tokens have a total circulation of 10 billion and two methods are used to maintain the intrinsic value of the token. The first method is to repurchase or burn the tokens using 20 percent of the profit until 5 billion tokens are burnt. The second method involves the platform sharing half of the service fee with GOC holders once a week - on Fridays. Nine TRC20 tokens were listed on Tronscan and the majority of them were issued through Dapp projects. 1,500 TRC10 have been listed on Tronscan, and this number keeps on growing. This is because it is easy for users to create a TRC10 token - they need to have 1024 TRX. However, it is a little more difficult to create a TRC20 token as the users are required to write smart contracts. As more Tron exchanges are launched: “Tokens of Dapp projects will have higher liquidity and Dapps will have more active users, and the trading volume of the entire TRON network will be taken to a new level.” Transactions, Dapps, and Partnerships The 24-hour transaction number for Dapps increased by 48 percent from last week to reach 1.04 million. On the other hand, the 24-hour trading volume increased significantly by 151 percent to hit 640 million TRX. The significant increase in both indexes is a clear indication of the popularity of Tron’s Dapps. Tron’s cooperation with CropBytes will see the later build a virtual farming game on Tron. The game is yet to be officially launched and is only in the pre-sale stage Coin War, a game developed by FCC has been updated and now interacts with smart contracts - allowing the Dapp to fully decentralized. TRON Releases Dapp Weekly Report: Two Tron-based Decentralized Exchanges Launched was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

WATCH: Bancor Co-Founder @galiabenartzi compares the evoluti...

WATCH: Bancor Co-Founder @galiabenartzi compares the evolution of #blockchain ecosystems to the emergence of differ… https://t.co/s0UGfFYEqR

a month ago

Time for DEX: Decentralized Exchanges Gain Prominence in 2018

The emergence of Decentralized exchanges (DEX) was a significant story in the early part of 2018 but has since taken a backseat to other major innovations like security token offerings and stable coins. Now it seems like decentralized exchanges are showing the market that they’re more than just a temporary hype. We finally see an increase in adoption of the largest decentralized exchanges. This past November, Bancor, Kyber and 0x reached over 100,000 monthly trades combined. Source: Zerion Each of these exchanges offers their distinct approaches to decentralization in cryptocurrency exchanges: Bancor creates smart tokens that hold several coins and use algorithmic price discovery mechanisms. Kyber Network focuses on pooling liquidity with smart-contract based trade mechanisms, and open protocols like 0x allow decentralized applications to run the order books and allow for liquidity aggregation. Bancor is ranked #109 on the Coinmarketcap top exchanges list with a 24-hour trading volume of $919,617. Kyber Network is ranked #153 with a 24-hour trading volume of $131,611. 0x token (ZRX) is ranked #29 amongst all cryptocurrencies on Coinmarketcap, with a 24-hour trading volume of $8,832,950. DEX User growth leads to more liquidity One of the significant benefits of decentralized exchanges growing in popularity is that they provide liquidity, something that has been a major problem for DEX’s because they cannot merely take initial capital and create money markets immediately like centralized exchanges, but have to rely on user growth for success. It seems that an increase in user growth bring in more liquidity, which further accelerates user growth as larger investors are now able to trade on DEXs. It’s not clear why decentralized exchanges are taking off at this time. It may have to do with the growing awareness of the inherent security flaws in centralized exchanges, or the increasing resistance from traders against KYC and other invasive measures to confirm their identity. Embracing Decentralization “Many decentralized crypto exchanges have not been successful because they’re a hybrid.”, As stated by Joseph Young,” The exchange has to be completely decentralized/uncensorable or centralized, in between doesn’t have many merits. A decentralized exchange doing KYC kind of destroys the point”. The choice to fully embrace decentralization without KYC requirements is most likely what has lead Bancor, Kyber Network, and 0X to dominate the decentralized exchange market, and may ultimately become a more substantial factor as investors contemplate where they wish to deposit their funds and make trades. The post Time for DEX: Decentralized Exchanges Gain Prominence in 2018 appeared first on CryptoPotato.

a month ago

Through its work with @grassecon & @poanetwork, Bancor h...

Through its work with @grassecon & @poanetwork, Bancor has enabled Kenyan communities to trade as little as 1 tomat… https://t.co/5ulkDguKTq

a month ago

NEW FEATURE ALERT: You can now view your Bancor Wallet #toke...

NEW FEATURE ALERT: You can now view your Bancor Wallet #token holdings directly on the discovery page in the "holdi… https://t.co/B6GrDWJ2cs

a month ago

Check out @HireVibes's implementation of the Bancor conversi...

Check out @HireVibes's implementation of the Bancor conversion widget on https://t.co/7CrwED8mTa.… https://t.co/I8api8edKV

a month ago

Get the latest from Bancor's Russian community! Bancor тепер...

Get the latest from Bancor's Russian community! Bancor теперь и на русском языке! 🇷🇺 Вконтакте -… https://t.co/Atn47npWsO

a month ago

Integrate your #ERC20 or $EOS token with the Bancor Network ...

Integrate your #ERC20 or $EOS token with the Bancor Network and give your project instant #liquidity.… https://t.co/YHRs94L7wI

a month ago

Bancor is growing! 130+ ERC20 and $EOS-based #tokens are now...

Bancor is growing! 130+ ERC20 and $EOS-based #tokens are now integrated with the network across 8,650+ token pairs.… https://t.co/AelC9kVYqE

a month ago

TwoGap — a new platform for "cryptobonds" — has announced in...

TwoGap — a new platform for "cryptobonds" — has announced integration with Bancor to enable automated conversions o… https://t.co/L0q5H562Gc

2 months ago

Tron’s TRX Up Almost 40% on The Week as Odyssey 3.2 Protocol Goes Live

Tron (TRX) has surged as much as 40% this week as the global crypto market rebounded from their lowest levels this year. The overall rebound appears in the wake of a peaceful closure between Bitcoin ABC and Bitcoin SV groups. The two, formed after the split of Bitcoin Cash blockchain, had spoiled the crypto market sentiment by waging a so-called hash war over the original BCH ticker. Weeks after ABC gained supremacy over the Bitcoin Cash network, SV conceded defeat and went its separate way as a standalone crypto-project. Nevertheless, Tron outpaced its competitors and recovered more than twice the value of Ethereum, Bitcoin Cash, and EOS. On the daily basis, the coin has surged 22%, followed by Cardano up 12%, Stellar adding 9% and none the least, Bitcoin with its 6.5% gains against the US Dollar., Ripple and Litecoin has also posted impressive profits but remained behind Tron on both daily and weekly performance basis. SOURCE: COINMARKETCAP.COM The TRX/USD rate tested highs at $0.019 noted during the November 28 rebound attempt. The pair has reversed from its session high at $0.015 and is now targeting $0.014 as a temporary support, according to the aggregated data available at CoinMarketCap.com. However, a Tron rally has a history of strong downside corrections. Usually, crucial project updates fill up the bullish sentiment on a near-term basis every time. But eventually, the price corrects itself after overreaching its upside targets. It happened at the time of their TVM launch in August when TRX had surged 10% on a strongly bearish day in the crypto bazaar. But the hype dried up later and the price almost dropped by more than 24% a few days later. The latest TRX surge is a part of a market-wide crypto rally but its supremacy over the top 20 coins could be due to similar fundamentals, as discussed in the section below. Protocol Update In his weekly Tron update, founder Justin Sun claimed that the use of decentralized applications on Tron blockchain has surged. He also said that the daily transaction volume is touching new peaks, indicating the growth of TRX as a usable token and adoption of Tron as a public ledger. “TRON’s official DEX has also seen strong growth with a daily transaction volume of over 100 million TRX,” Sun declared. “Based on the Bancor Protocol, the DEX receives lots of applications for token listings every day.” Tron also released a new protocol update Odyssey-v3.2. It claims to reduce the smart contract execution costs and resolve peer synchronization problems as noted in the earlier Tron versions. Additionally, the update also solves the problem of simultaneous production block at the same witness, according to its GitHub description. “This version improves SolidityNode block synchronization performance by turning off the index,” the post explained. “If the SolidityNode sync block is slow, you can use this version, it will greatly speed up the Block synchronization. Otherwise, there is no need to upgrade this version.” That said, the extra green percentages should not surprise traders. Tron is still prone to wider downside correction, being in a fake breakout zone like other cryptocurrencies. Check out NewsBTC’s Tron analysis at this link for more updates. At the time of writing, TRX was trading up over 25% on the day at $0.0158. Image from Shutterstock The post Tron’s TRX Up Almost 40% on The Week as Odyssey 3.2 Protocol Goes Live appeared first on NewsBTC.

2 months ago

.@brain_space_ — a #blockchain-based platform for IP protect...

.@brain_space_ — a #blockchain-based platform for IP protection — has announced integration with Bancor to provide… https://t.co/5OYiZR7PLc

2 months ago

KIN Coin Trades Uncorrelated to the Broader Markets, Rises by Double Digits

Kin is trading uncorrelated to major cryptocurrencies, rising by double digits while the broader market continues to suffer. Kin has gained 17% in the last 24 hours to $0.000030 on modest volume. Much of the trading is unfolding on Bancor in the KIN/BNT market. KIN is the cryptocurrency of the Kin Foundation and the popular Canadian messaging app Kik. The project started on the Ethereum blockchain but has since made a complete shift to Stellar. The low trading volume accompanying the KIN price rally is taking the wind out of the sails of investors on Reddit. (GT)

2 months ago

EmirateCoin ( $EMCO ) is LIVE on the Bancor Network. Instant...

EmirateCoin ( $EMCO ) is LIVE on the Bancor Network. Instantly convert #tokens: https://t.co/CaZ17AZltD… https://t.co/cG30mABo6P

2 months ago

Decentralized Exchanges Under Fire: SEC Strikes Again

Decentralized exchanges may be the wave of the future. But that is increasingly looking like a distant future, at least if recent regulatory action is any indication. The Securities and Exchange Commission’s rebuke of EtherDelta, a smart contract-fueled decentralized exchange for ether and Ethereum-based tokens, sent smoke signals to the crypto industry that peer-to-peer trading may not be welcome in the U.S. EtherDelta runs on code, which makes it difficult to direct any charges against the exchange itself. That puts a bullseye on Zachary Coburn, who launched EtherDelta in 2016, leading the SEC to target him in their cease-and-desist order. Coburn has been largely cooperative with the Wall Street watchdog, ultimately agreeing to pay fines totaling nearly $400,000. The order is a reminder that even without a formal regulatory framework for digital assets, the SEC is drawing lines in the sand. The Commission targeted Coburn for failing to register with the SEC as a “national securities exchange” while supporting buy and sell orders for ERC20-tokens, some of which the regulator says fit the bill as securities. Regulatory clarity on what comprises a security token, however, remains murky at best, suggesting they should define the parameters in which DEXs can operate in the U.S. first. Did the SEC Score a Pyrrhic Victory? In true decentralized fashion, EtherDelta continues to facilitate trading in ETH-based tokens. The greater concern, however, surrounds winning the battle but losing the war: a Pyrrhic victory. Greek King Pyrrhus of Epirus defeated the Romans but ultimately suffered devastating losses from the front lines, costing him soldiers who were key to carrying out his mission. Fortunately for the crypto community, the generals who are fulfilling what Satoshi Nakamoto started aren’t about to let that happen. One blockchain pioneer told Crypto Briefing that the topic of decentralized exchanges is complicated, “especially in certain jurisdictions,” adding: “We have a strategy.” The founder kept the project’s cards close to the vest, “even though we are, of course, in favor,” he added. Others tend to agree. Alex Wearn, who is at the helm of IDEX, weighed in on the trend of DEXs adopting know-your-customer (KYC) standards, saying during a recent debate: It’s hard to predict exactly which it will go. I think it’s going to be jurisdiction-specific and it’s going to be at specific times. I think the U.S. is...certainly kind of leading the charge from a regulatory standpoint and I think a lot of other countries are going to follow suit. If this is the case, then Australia and Canada are certainly paying attention. Crypto Exchange Landscape Starts to Shift Nearly all visible crypto trading unfolds on centralized exchanges like Binance and Coinbase, where the interfaces are easier to navigate and functionality is more sophisticated. But even Binance is developing a decentralized version of its trading platform, one that CEO Changpeng Zhao expects to make its debut in 2019. And TRON unveiled the beta version of its DEX, TronWatch Market, last month. Meanwhile, Coinbase has been playing nice with regulators to great success, as evidenced by their ranking as the most popular U.S.-based crypto exchange. While Coinbase has revised its listing model in anticipation of adding coins more frequently, that’s one area where centralized exchanges can’t compete with their decentralized counterparts. Perhaps that’s why Coinbase bought decentralized exchange Paradex, a relay platform that supports hundreds of ERC20 tokens that users can trade from their wallets. Everbloom is one example of a decentralized crypto exchange that is reportedly pursuing SEC registration and a license from FINRA, which would pave the way to trading security tokens. Everbloom has decided that the cost and time of pursuing regulatory clearance are worth it in light of the alternatives. This could be a model for other DEXs in the U.S. to emulate. But the echoes of the regulatory pushback on EtherDelta can be heard in Everbloom’s virtual halls despite the latter’s regulation-compliant approach. That’s because Everbloom is built on top of “existing smart contracts and protocols,” the first launch of which supports the EtherDelta smart contract. Everbloom is also targeting the 0x protocol including 0x V2. The appeal for decentralized exchanges is clear. Issuers and big whale investors can list as many ERC20 tokens as the market demands. The most attractive feature, however, is security, as users can store and control their funds with their own private keys without having to worry about falling victim to a hack on a centralized platform. DEX’s Midnight Runners Nonetheless, there’s no safety net or FDIC guarantee with decentralized exchanges, and as long as smart contracts command private keys, there never will be. But security breaches could still occur at the “fault” of the user such as a malware-infected computer, as pointed out by Eyal Hert

2 months ago

Bill Allder Joins Enterprise Ethereum Alliance As New Head of Business Development

Bill Allder was recently appointed as the new business development head and sales manager of the Enterprise Ethereum Alliance (EEA). His role will be to increase the worldwide footprint of the EEA and promote the growth of their global membership. His position in the company will be effective immediately. Allder Will Help EEA Expand Further Bill Allder has over ten years of experience and industry knowledge that he could use to bring better business development strategies and sales strategies to the EEA. His track record for developing sales for global alliances is exemplary. His presence will be helpful in expanding the membership of the EEA worldwide and solving challenges. His expertise includes sales strategy, membership to marketing, events and association management. Before joining the EEA, he was working as a director for the United States Geospatial Intelligence Foundation (USGIF) where he helped in increasing growth in existing markets and worked towards creating stronger member relationships. He received a Bachelor of Arts from Virginia Tech, before becoming a Certified Association Executive (CAE). EEA Is Happy to Have Bill EEA’s executive director Ron Resnick said that the team is pleased to welcome Bill Alder to the Alliance. He noted: “Bill’s appointment is in response to the growing demand worldwide for the EEA to intensify and expand its work in enterprise blockchain. His leadership will be instrumental in the EEA’s growth efforts, orchestrating the activities of its nearly 20 industry-based user groups and furthering the collaboration of members from every region of the world.” Allder also commented on his new role in the EEA saying that he is looking forward to enabling more industries and companies to take advantage of the Alliance’s practices and standards. He said that he would focus on working with the “exceptionally talented EEA team” to build on the momentum and capitalize on the opportunities in this space. He said: “I’m looking forward to engaging with members and non-member companies to better understand their needs and help them leverage EEA’s standards-based approach.” Enterprise Ethereum Alliance is the largest open-source blockchain initiative in the world which connects large enterprises, startups, and academics on a common platform. Prominent members include Accenture, Santander, Bancor, Cisco, CME Group, HCL, and others. Bill Allder Joins Enterprise Ethereum Alliance As New Head of Business Development was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 months ago

WATCH: A simple 1 minute explainer on Bancor in Chinese. [En...

WATCH: A simple 1 minute explainer on Bancor in Chinese. [English subtitles included] 什么是Bancor? 请看这一分钟的简单解释。… https://t.co/5d9WfN8uAk

2 months ago

Join the Bancor Network and give your #token instant #liquid...

Join the Bancor Network and give your #token instant #liquidity regardless of volume — across multiple #blockchains… https://t.co/8hh3IxCRNu

2 months ago


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