Bancor BNT

$1.31
Market Cap $ 85.837 MM (#71)
24h Volume $ 2.501 MM
Chg. 24h: -1.41%
Algo. score 4.5/5  (#7)
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Bancor News

Bancor X Cross-Blockchain Token Trading Platform Launched; BNT Price Responds

Before the launch of Bancor X, if you wanted to swap your token for another you’d have to go through an exchange. This would often take a long time and… Continue reading "Bancor X Cross-Blockchain Token Trading Platform Launched; BNT Price Responds"

a day ago

Bancor Begins Token Swaps Between EOS and Ethereum

Bancor has recently announced that it has signed a partnership with EOS to provide cross-blockchain toke swaps. Bancor is a decentralized liquidity network that supports several ERC20 tokens. The information… Continue reading "Bancor Begins Token Swaps Between EOS and Ethereum"

2 days ago

NEW FEATURE ALERT: You can now search for #tokens directly i...

NEW FEATURE ALERT: You can now search for #tokens directly in the token discovery menu on the Bancor Web App. Try i… https://t.co/LcYKHFuwYG

4 days ago

.@bloktcrypto explains how Bancor is using #blockchain-based...

.@bloktcrypto explains how Bancor is using #blockchain-based tokens to empower impoverished Kenyan communities, in… https://t.co/BTSmbCv3DS

4 days ago

SafeBlocks is bringing Checkpoint’s security approach to smart contracts

Since the internet first came into being, security has been a key concern almost every step of the way. From hacks and breaches to identity theft and corruption, staying safe online has been an ongoing battle. Now, as we enter the age of blockchain and decentralization, things are no different. Threats to blockchain platforms, cryptocurrency exchanges, and smart contracts come from a variety of places and can be devastating if left untreated. In fact, a number of pretty well-known hacks and breaches recently might lead you to believe that this industry is seriously at risk. It isn’t, but it could also be more secure. Current security approaches can be a little short-sighted and fail to address a range of different threats. The good news is that we’ve been here before with web applications. Companies like Checkpoint have been keeping web applications safe for years by monitoring traffic and acting in real time to prevent attacks. If we’re to tighten up blockchain and smart contract security, the solution could lie with something like this, and it’s projects like SafeBlocks that are leading the charge. First, let’s look at the issues and what’s at stake. Are smart contracts safe? Smart contracts, and the decentralized applications that use them, are mostly pretty secure. While crimes and hacks against blockchain platforms tend to be widely publicized, the technology is very safe and developers take pains to keep it that way. A damaging hack that makes headlines can quite literally destroy a company, so it’s in the interests of everyone to put security front and center. The main problem with smart contract security is that it can be a little incomplete. Current approaches to the issue focus on things like common vulnerabilities and errors in programming. These are obviously important, but they overlook lots of the issues that tend to pop up when software is actually deployed. That includes threats from previously unknown vulnerabilities that only become apparent once the dApp is up and running. There’s also the issue of malicious employees, who can use their special access to smart contracts to make a quick buck at the project’s expense. And how can we overlook the possibility of smart contract keys being stolen by hackers and used to infiltrate the platform? This happened recently with the cryptocurrency exchange Bancor, and cost $13.5 million. These issues are currently a bit of a blind spot in smart contract and dApp security, because there isn’t much of a framework in place for the deployment and maintenance phase of dApp software. But as we mentioned already, this is nothing new. Web applications faced the same issue of how to secure and maintain their software after deployment. Their solution? Web application firewalls, like the one by Checkpoint. These monitor traffic and act quickly to stop threats and keep the application protected in real time, and it works - well. And the same principles can be applied to smart contracts and decentralized apps too. A WAF for the decentralized world SafeBlocks’ CEO, Ron Greenbaum, says: “Security is all about control. Either you are in control or you’re not.” That’s the idea underpinning the SafeBlocks project: that security for smart contracts will come from having control over all the traffic and transactions that take place. SafeBlock’s platform is in essence a web application firewall for the decentralized world [or DAF]. It monitors transactions and can quickly flag and prevent any unauthorized activity. Users simply give the software a set of rules [for example, putting a limit on transaction destination addresses, or a maximum withdrawal of tokens a day] and it will work in accordance with these. The program will then validate transactions that take place within these rules. Plenty of platforms out there offer auditing and review services for smart contracts, ensuring the code is solid and all vulnerabilities are taken care of before deployment. But SafeBlocks is one of the only projects out there that’s looking out for dApps after they’ve been deployed. It could turn out to be for dApps what Checkpoint’s WAF software was for web applications. It’s certainly sorely needed if the blockchain industry is to promise security to its users. The post SafeBlocks is bringing Checkpoint’s security approach to smart contracts appeared first on AMBCrypto.

5 days ago

Instantly convert $MANA with 110+ ERC20 and $EOS-based #toke...

Instantly convert $MANA with 110+ ERC20 and $EOS-based #tokens on the Bancor Network: https://t.co/ptPtIdwbnz… https://t.co/0onqIofzhS

5 days ago

Instantly convert $SRN with 110+ ERC20 and EOS-based #tokens...

Instantly convert $SRN with 110+ ERC20 and EOS-based #tokens on the Bancor Network: https://t.co/BkbYmt9Tvd… https://t.co/0NfGeEVklQ

6 days ago

@Ashe_Oro @finchify @bet_dice @Everipedia @Parslco @HireVibe...

@Ashe_Oro @finchify @bet_dice @Everipedia @Parslco @HireVibes $BNT — Bancor Network Token — is the hub token that c… https://t.co/i4VOV5oBU1

6 days ago

EOS Opens A Bancor Bridge To Ethereum

Insularity is the biggest barrier to crypto adoption. For newer blockchain projects, those faster and cheaper transactions tend to be outweighed by the network costs; it’s impossible to jump-start an ecosystem without users. Projects like EOS, Tron, and Tezos have huge moats which prevent most users from trying, much less using, their new dApps. That might be changing for EOS, after the launch of a new decentralized exchange to bridge the moat to the Ethereum ecosystem. The Bancor Network, an Ethereum-based protocol for decentralized exchanges, has teamed up with an EOS block producer to create a new DEX, allowing seamless trades between the two multi-billion-dollar dApp platforms. In an announcement posted to Medium, LiquidEOS wrote: Bancor’s unique liquidity network allows users to convert tokens frictionlessly without the need to find a counterparty for trade. Unlike traditional exchanges, which rely on order books to match buyers and sellers, Bancor uses transparent algorithms and automated deposits to manage liquidity and enable continuous conversion of one asset into another. Since its historic $153 million token sale in 2017, Bancor has processed over $1.5 billion in token conversions on Ethereum and regularly ranks among the largest volume dapps on the Ethereum blockchain. The partnership is the latest effort to cross the moats separating the fifth-largest blockchain from the rest of the crypto economy. In addition to the usual advantages of smart contract-based exchanges, BancorX will also leverage the advantages of the EOS network, such as one-second transactions and zero fees. LiquidEOS isn’t the only leading figure in favor of the new exchange. “We see the Bancor Protocol as an elegant solution for liquidity that benefits all token holders by offering a completely new paradigm for value exchange,” said Block.One CTO Dan Larimer, in a statement published when BancorX was first announced. At present, 110 Ethereum and EOS-based tokens will be available to trade through the cross-chain protocol, including popular EOS tokens like Everipedia (IQ) and Meet.One (MEET), and the smart contract can easily be expanded to other tokens. Per the announcement: “Anyone can integrate their token with Bancor’s liquidity network by staking an amount of those tokens in a smart contract which they own and manage.” BancorX joins a growing number of rope bridges between the two leading smart contract platforms, many still under construction. Crypto Briefing has already reported on EOSFinex, a proposed decentralized exchange to allow trustless trades in much the same manner as BancorX. The Author is invested in Ethereum, which is mentioned in this article. The post EOS Opens A Bancor Bridge To Ethereum appeared first on Crypto Briefing.

6 days ago

Ethereum Price Analysis: Despite Upbeat Preview, ETH/USD Bearish Below $250

Latest Ethereum News Thing is blockchain based projects should be just that, blockchain. However, a new study by WhiteBlock sponsored by ConsenSys whose founder, Joseph Lubin, is a wheeler dealer at Ethereum reveal otherwise about EOSIO claims. Though EOS is known for their blazingly fast speed thanks to their dPoS and block producer architecture it is now emerging that it is not a blockchain per say but a “homogeneous” database. EOS: Follow-Up Analysis, Pt. 1 by @Whiteblockio https://t.co/8hl4d6XvnH #blockchain — mike d. kail (@mdkail) November 6, 2018 A level deeper and WhiteBlock conducted benchmark tests demonstrating that EOS transactions are not cryptographically validated. What’s worrying is that EOSIO, WhiteBlock says, cannot process millions of transactions as previously marketed. Rather, EOS can process 50 TPS at optimum printing lower speeds at peak when latency and packet losses are factored in. We are thrilled to announce that our Cross-Blockchain Decentralized Liquidity Network, #BancorX, has officially been pushed live — enabling automated token conversions between 110+ ERC20 and EOS-based tokens. https://t.co/E54nlUElmG pic.twitter.com/NSocQZr11A — Bancor (@Bancor) November 5, 2018 In the meantime, Bancor, an on-demand decentralized liquidity network, has launched BancorX making it possible for cross chain interaction between ERC and EOS tokens via their BNT tokens. This is incredible for both network as it means higher liquidity and security as tokens need not to pass through exchanges. ETH/USD Price Analysis After weeks of reds, ETH/USD performance is moderate and up 7.5 percent in the last week. On a day to day basis, ETH prices are stable printing 0.6 percent in the last day. Still, we expect ETH/USD to expand in coming days as the SEC plan to publish an ICO guidance for coin issuers and as bulls seek to reverse this year’s losses. Trend: Flat and bearish Following losses of Sep 5, ETH/USD has been moving in a narrow $110 range with lows at $160 and immediate resistance at $250. While prices consolidate horizontally, it is pretty hard to make calls unless of course there are strong gains in either direction. This is so because we have conflicting positions. On one hand losses have been steep-+75 percent losses from 2017 highs positioning bulls for further gains. Yet on the other side we have the bear break out pattern of Sep 5 backed by high trading volumes being the main obstacle against buyers. Volumes: Increasing and Bullish Comparing Sep 5 volumes—595k and those of Oct 15—967k, there is a clear disparity. All things constant, this is bullish. It is even stronger with the failure of sellers to close lower confirming Sep 5 and Oct 11 losses. Candlestick Confirmation: Bear Break out, Ranging market The lack of price movements in the last two months was mostly because of a consolidating market. Though Nov 4 bar points to underlying bulls, the ETH/USD market is largely in range mode. As such risk-on, conservative set of traders need to wait for confirmation of the bear break out pattern of Sep 5 or the cancellation of that price pattern once ETH/USD race above $250 and even $300. Conclusion Regardless of the prevailing sentiment and the expectation of ETH/USD reversal due to this year’s losses, patience is key. In this case, risk-off, aggressive set of traders can buy at spot with stops at around $190 or Oct lows. On the other hand, conservative traders should wait for prices to race above $250. Thereafter they can begin buying on dips with first targets at $400. All charts courtesy of Trading View This is not trading Advice. Do your own Research. The post Ethereum Price Analysis: Despite Upbeat Preview, ETH/USD Bearish Below $250 appeared first on Ethereum World News.

6 days ago

Bloomberg Bullish on Bancor?

It’s not every day that we find ourselves linking to Bloomberg, much less quoting it approvingly. The news site has butted quite a few heads in the crypto community, as Crypto Briefing has previously reported. This week Bloomberg Businessweek ran something a little different— a lengthy, and illuminating report on the progress of financial technology in developing communities, where trade is hampered by the lack of access to ready cash. “In emerging markets such as Kenya,” Bloomberg says, paraphrasing a World Bank economist, “the relatively shallow reach of traditional financial systems and institutions means there’s less resistance to new financial technology, including blockchain.” A peer to peer currency...on paper The story begins with “community currencies” like Gatina-pesa, a locally-printed paper voucher created for neighborhoods where cash is scarce. “[A]bout 20 percent of parents now pay the fees for their children’s education in community currency,” Bloomberg reports, noting: Fewer kids are dropping out, according to Wanjala. “We as a school noticed that there were a lot of challenges when it comes to paying school fees, because most of the parents run small businesses,” he says. “Whenever we have a parents’ meeting, we tell them about the community currency.” But this would not be a crypto story, except for the fact that “community money” is now stepping on the blockchain. Thanks to a $5 million contribution from Bancor, a new pilot program is turning local scrips into digital currencies, sidestepping the problems of physical cash altogether. The advantages of community currency highlight one of the paradoxes of the money system: while a hundred-dollar-bill has the same paper value as ten tens, the smaller units go a lot further. In cash-strapped communities, the lack of small denominations cause real inefficiencies to an already high-friction market. Quoting an economist, Bloomberg adds: Ruddick says the program has brought concrete benefits to these communities, including more students staying in school because their parents can pay the fees, better food security because families can buy from the local market with the vouchers, and an increase in local trade, according to user surveys. Digital cash—which is infinitely divisible as well as harder to lose in the laundry—adds even more efficiency, by making it easier to find change for small trades. Crypto Briefing has previously reported on Kuvacash, a similar program to increase liquidity in cash-strapped Zimbabwe. Binance’s surprise success in Uganda - where the exchange signed up some 40,000 users in its first week - is a sign that some Africans are a bit more bullish on crypto than Bloomberg’s editors. But crypto isn’t the only player in the world of digital money, and there’s plenty of competition from centralized solutions like m-Pesa. Bancor’s work, most likely, is already cut out for it. All the same, it’s an encouraging sign that the Bancor project is already solving problems in developing communities, and that the progress is so evident that even Bloomberg is reporting on them. While there’s no guarantee of long-term success, there are many potential advantages of a lightweight, distributed ledger in the world of mobile payments. Some things, with apologies to George Orwell, are true even if Bloomberg says them. The author is invested in digital assets, but none mentioned in this article. The post Bloomberg Bullish on Bancor? appeared first on Crypto Briefing.

7 days ago

Altcoins Price Analysis: ADA/USD and IOT/USD Bull Breakout Pattern

As EOS bull momentum slow down, ADA/USD and IOT/USD are trading within a bull break out pattern and it is likely that prices will race towards immediate targets at 9.5 cents and 90 cents. Should there be higher highs today in these two pairs as EOS/USD and XLM/USD consolidate then it points to an existing undervaluation. In that case traders should buy EOS, Litecoin and Stellar Lumens with expectations of higher highs. Let’s have a look at these charts: EOS/USD Price Analysis We are thrilled to announce that our Cross-Blockchain Decentralized Liquidity Network, #BancorX, has officially been pushed live — enabling automated token conversions between 110+ ERC20 and EOS-based tokens. https://t.co/E54nlUElmG pic.twitter.com/NSocQZr11A — Bancor (@Bancor) November 5, 2018 Finally, the partnership between EOS and Bancor is now complete. Going forward, it will be possible to swap tokens between EOS and Ethereum blockchain networks via Bancor’s own BancorX. The dApp allow cross-chain token swaps without the need of transacting via exchanges thanks to Bancor’s BNT. Overly, this should be positive and a step towards creating this huge web of possibilities where there is seamless exchange of tokens empowering users. Back to price action and EOS/USD is pretty stable in the last day. Prices are up 0.3 percent but still trading inside Nov 4 high low. Considering our previous EOS/USD trade plan, we suggest traders to practice patience only buying EOS once prices edge past Oct 15 highs or $6 triggering short term buys aiming for $7. On the reverse side, losses that fade Nov 4 gains dropping below $5 or Oct 15 lows and area of minor support could mean the resumption of bears as set by Oct 11 losses. LTC/USD Price Analysis By printing and closing above $50, LTC/USD is technically bullish. In fact, yesterday’s correction and failure to close above Nov 4 highs is but a confirmation of bulls since volumes are thin while trade range is tight. If anything, aggressive bulls should load up at spot prices with stops at $50. On the other hand, risk-on, conservative type of traders should wait for breaches above $60 or $70 before igniting bulls aiming for $90 and later $110. XLM/USD Price Analysis Two things are clear, Oct 11 bears still has an effect of price because prices are yet to recoup losses. Secondly, we retain a bearish outlook as long as prices are trending below the minor resistance line and buy trigger at 30 cents. Notice that even in the midst of these higher highs ignited by bullish events of BCH lifting the crypto market with it, XLM/USD is actually consolidating inside a 15 cents range with resistance at 30 cents. It is for this reason that we insist that bulls would be in charge once there are convincing breaks and close above 30 cents. Before then risk-off traders can begin buying at spot with stops at Oct 31 bull pin bar with first targets at 30 cents. If bull momentum is strong and there is a rally, then first ambitious target will be at 50 cents. ADA/USD Price Analysis At the back of solid volumes signaling bullish resumption, the follow through has been weak. But, considering the volumes behind Nov 4 bull bar, the break and close above the minor resistance trend line we recommend buying at spot prices with first targets at 9.5 cents. However, on a more cautious approach, buyers should wait for a move above Sep highs at 95 cents. Thereafter, traders should buy on dips with first targets at 12 cents—an important resistance and buy trigger line, and later 20 cents. IOT/USD Price Analysis Luca Moser and Andrew Brough are the newest members of the IOTA Foundation. Great & exciting news! The Ledger Nano S now supports @iotatoken. The #IOTA application has been developed by the IOTA community and is now available to download on Ledger Live. Read more about it here: https://t.co/xnqkXOOeIF — Ledger (@LedgerHQ) November 2, 2018 Their membership coincides with Ledger Nano S offering support for IOTA. Moving on, investors can easily link their Ledger Nano S with IOTA Trinity and Romeo wallet. Price wise and IOTA is bullish. Not only do we have a bullish breakout pattern after Nov 4 rally, but Nov 4 bull bar did complete a three-bar bullish reversal pattern gradually reversing losses of Oct 11. Like in our previous IOT/USD trade plan, conservative traders need to wait for solid moves above 60 cents triggering bulls. Thereafter first targets would be at 90 cents—an important resistance line. However, traders can still take advantage of recent break above resistance and trade with stops at 44 cents. First targets would be 60 cents and later 90 cents. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post Altcoins Price Analysis: ADA/USD and IOT/USD Bull Breakout Pattern appeared first on NewsBTC.

7 days ago

Top 3 Cryptocurrency Marketing Services

Marketing plays an increasing role of importance in any industry and as competition continues to emerge it becomes more difficult for companies to stand out in the sea of mediocrity. In the world of cryptocurrency, few companies heavily focus on marketing services. The following three companies certainly are of the few that do, though there always remains room for more competition. BitcoinPRBuzz One of the more relevant marketing specialists in the cryptocurrency world, BitcoinPRBuzz has been around for several years and continues to grow in terms of market reach. Their main focus lies on PR publishing and translation services to ensure companies achieve a global reach. Other services provided by this company include article writing, blogging, ghostwriting for paperbacks and eBooks, and copywriting. This provides their client companies with a lot of potential tools to utilize. Some of its key customers over the years include Genesis Mining, NEM, and so forth. CryptoBoost Although this service is not as widely known as BitcoinPRBuzz, there is merit to CryptoBoost as well. This firm specializes in aiding blockchain projects reach their marketing goals through community management, PR, outreach, ICO listings, and so forth. Tapping into different markets is of the utmost importance for marketing service providers. Some of the company’s clients include Akaiito, ShareRing, and Qompass. Notable partners who will help spread the word include CoinTelegraph, CCN, and Blokconomi. Marketing efforts are no longer subject to just one platform publishing a press release, but rather forging partnerships with industry outlets and ensuring the message is widely received. AmaZix Another relatively new contender in cryptocurrency marketing services goes by the name of AmaXiz. The company providers an effective marketing strategy for companies and projects pursuing an initial coin offering. The team helps out with strategic planning, finding valuable partners, weeding out scam ICOs, and community management. Projects currently making use of their services include Bancor, GoChain, Cardstack, and several others. Bringing more legitimacy to the ICO industry is more than needed at this time, as there is still plenty of scrutiny where initial coin offerings are concerned. For AmaXiz, its track record will determine how successful this project can prove itself to be in the long run. The post Top 3 Cryptocurrency Marketing Services appeared first on NullTX.

7 days ago

Bancor launches EOS based cross-blockchain liquidity network: BancorX

On 5th November, the decentralized liquidity network, Bancor announced the launch of their new enhanced product named BancorX. This will help the users convert between Ethereum and EOS based tokens automatically. The product is said to be a Cross-Blockchain Decentralized Liquidity Network. Bancor’s tweet stated: “We are thrilled to announce that our Cross-Blockchain Decentralized Liquidity Network, #BancorX, has officially been pushed live — enabling automated token conversions between 110+ ERC20 and EOS-based tokens.” The decentralized application, Bancor has been designed on Ethereum blockchain which has processed over $1.5 billion token conversions till date. The token conversion on BancorX can be performed without matching the orders between the traders. The EOS based blockchain platform provides various advantages such as faster transactions, zero transaction fees, and the transactions are not prioritized by gas fees. Eyal Hertzog, the Co-Founder of Bancor said: “BancorX is based on the ability to move BNT — Bancor’s Network Token — between blockchains. This cross-chain functionality increases the utility of BNT as an inter-network token, connecting the EOS and Ethereum ecosystems today, and vastly more blockchains in the future.” Cross chain conversions on BancorX are achieved by transferring the Bancor Network Token [BNT ] between the EOS and Ethereum blockchain. BNT has the ability to destroy itself on multiple blockchains once the transfer has been completed. The circulating supply of BNT remains unchanged, even though it is involved in these token conversions. Also, BancorX lets all the users view the transaction hashes of the cross-chain conversion and can be verified on both the chains. Some of the well-known EOS projects which are launched on BancorX are Everipedia, MEET.ONE and Chaince. All the users are allowed to move there assets from Ethereum blockchain to EOS by integrating their assets with the new liquidity network. The blockchain firm is aiming to improve the user experience and remove the friction with the help of BancorX. According to the team, “with real blockchain interoperability, the possibilities for token-powered applications proliferate dramatically”. Yonas, a cryptocurrency trader says: “Just tried #BancorX . It is faster than any exchange I have ever used. Great job guys!!!” The post Bancor launches EOS based cross-blockchain liquidity network: BancorX appeared first on AMBCrypto.

7 days ago

Bancor Begins Cross-Chain Trading Between Ethereum And EOS

Decentralized exchange Bancor has announced its successful implementation of cross-blockchain token swaps. BancorX users will be able to swap between Ethereum Tokens and EOS Tokens, without having to go through a centralized exchange. Bancor claims to be the first decentralized exchange to offer cross-chain services. Bancor has partnered with EOS Block Producer LiquidEOS and will use its own BNT tokens to make the transfers happen. Bancor (BNT) is priced at $.135, losing 0.19% in the last 24 hours. (VS)

8 days ago

@whitepaper_vc Greetings. Bancor $BNT will be available on t...

@whitepaper_vc Greetings. Bancor $BNT will be available on the Waves DEX soon. Nothing has been changed regarding t… https://t.co/EN3jy6gYuG

11 days ago

.@beveragecash — a wine and craft alcohol trading and social...

.@beveragecash — a wine and craft alcohol trading and social platform — has announced integration with Bancor to pr… https://t.co/wBnBI8VUm8

11 days ago

Wondering how Bancor works? This illustration explains autom...

Wondering how Bancor works? This illustration explains automated pricing on Bancor, using two theoretical assets, e… https://t.co/ySzKWeb5Ex

11 days ago

@Adept_proposal Hi. As you may know, we had a voting recentl...

@Adept_proposal Hi. As you may know, we had a voting recently and according to its results Bancor $BNT will be list… https://t.co/q7qge56dtB

12 days ago

5% Climb For EOS As Market Jumps By $2b

Several major digital currencies and tokens such as EOS have proved that they can stay strong in the short term momentum over the past day, pushing the valuation of the crypto market to $206 billion. The volume of Bitcoin, which rejected to the mid-$3 billion regions, recovered to $4.2 billion, showing an increase in trading activity across several big crypto exchanges. Following the increase in the volume of Bitcoin, tokens and virtual assets like Pundi X, OmiseGo, Zcash, Loom, Status and Bancor have recorded gains from 8 percent to 20 percent. This portrays the big upside movement for the first time since mid-September. But what does this mean? Previous reports by CCN show that the low volume of Bitcoin has left the digital currency market in a tough spot and exposed to short-term drops, possibly below the $200 billion area. At one point, the number of Bitcoin dropped to around $3 billion, down by just over 25% from $4.2 billion. Technical analysts including Hsaka made clear that with the failure of the leading crypto to recover in volume could trigger the dominant digital currency to keep a close range until the end of the year, which could prevent the initiation of 2019 with the positive sentiment regarding digital currencies as a growing asset class. Haska explained: “To be honest, with volume and volatility petering out, I wouldn’t be surprised to see BTC hold this range for another month (and maybe till the EOY too). Would be the path of maximum pain, bears don’t get their rapid selloff to 4.8k, bulls distraught over not being able to break 6.8k.” There are expected to be several exciting announcements waiting for Bitcoin during the first few months of next year. Most importantly, this includes SolidX/VanEck Bitcoin exchange-traded fund application which is set to be evaluated by the US Securities and Exchange Commission by the end of February next year. As said by CCN: “If Bitcoin can initiate a major positive price movement prior to the year’s end impacted by the launch of BTC futures markets by Bakkt and Goldman Sachs, a positive sentiment could be carried out into the first quarter of 2019.”>/blockquote> What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post 5% Climb For EOS As Market Jumps By $2b appeared first on Crypto Daily™.

12 days ago

Instantly convert $VIB with any #token on the Bancor Network...

Instantly convert $VIB with any #token on the Bancor Network: https://t.co/dd6M9uW5XS #BancorMemberToken… https://t.co/0VgrU1eqWx

12 days ago

Security breach Involving TIO Token Effectively Contained by trade.io

CoinSpeaker Security breach Involving TIO Token Effectively Contained by trade.io Following a security breach, trade.io, has announced the forking of its TIO tokens to protect holders. The 1:1 fork will replace existing TIO tokens with TIOx, a new token retaining the same functions as the old one. The fork will further contain the breach, ensuring that the integrity of the token ecosystem cannot be compromised or contaminated. Recently, trade.io has announced the formation of a world-class cybersecurity unit lead by a team of security experts to monitor and counter threats. On the 20th of October, 2018, the team was alerted to the usual movement of tokens from a wallet reserved for the platform’s liquidity pool. 50 million TIO tokens held in the wallet was transferred to external exchanges, setting off abnormal trades. The exchanges were immediately contacted to disable the depositing, withdrawal, and trading of TIO tokens, while the team launched an investigation into the source of the breach and its reach. TIO trading on all affected exchanges was immediately stopped, quarantining the situation and preventing it from deteriorating. Working with the management team, exchanges including KuCoin and Bancor have assisted trade.io in identifying the transactions associated with the breach and isolating them. Preliminary investigation by the trade.io security team revealed that at no point was the liquidity pool or exchange affected or accessed by the breach. They also found no hint of internal collusion in the breach. Rather, the issue emanated from a particular hardware wallet acquired directly from the manufacturer. No customer account was directly affected by the breach, nor were any funds lost. trade.io management reiterated its commitment to resolving the situation, saying: “We are actively taking steps to further lock down the situation, and prevent any other potential impact.” The management also thanked its community for their support and understanding, saying: “While this security breach has been an inconvenience, we are happy to report again that no client assets were lost and we’re pleased with how efficient and responsive our entire team acted following the breach. We’ve been overwhelmed with the positive response from our clients which we affectionately call TIOnauts, and can’t thank them enough for their support and well wishes as we continue this special movement.” To further contain the breach and ensure that the token ecosystem cannot be tainted by any compromised TIO tokens, trade.io Management has announced the 1:1 fork of existing TIO tokens. The new tokens, called Trade Token X, or TIOx, will also be an ERC20 token with the same functions and utility as TIO. Details of the fork are expected to be released soon. Security breach Involving TIO Token Effectively Contained by trade.io

13 days ago

ArtPro integrating the Bancor protocol to transform the art world

ArtPro, the art provenance monitor and unique peer-to-peer marketplace, is announcing today that it will integrate with the Bancor Protocol, allowing the continuous liquidity flow of ArtPro Tokens [APT] on the platform. As part of the Bancor decentralized liquidity network, it will be possible to convert APT to any other token integrated on Bancor directly from the Bancor Wallet or any Web3 wallet, such as MetaMask. With the use of Bancor connector Smart Tokens, APT will be easily and continuously convertible at algorithmically calculated rates into a huge range of cryptocurrencies. See the full list of tokens using the Bancor Protocol. The ArtPro market will create a place where buyers can easily browse and purchase art and artists can take advantage of a range of promotional tools to help them sell their work. Within the ArtPro platform, the ArtPro Token [APT] has multiple uses including the acquisition of art as well as activating features and services on the platform. It forms an art marketplace fueled by APT which will meet the needs of artists, buyers, collectors, and sellers. As part of the integration, ArtPro will activate $100,000 USD worth of Relay Tokens within seven days of the successful completion of the crowdsale which ends on December 14th. CEO Oliver Hams explains: “With the adoption of the Bancor Protocol, ArtPro will ensure liquidity for APT token holders, an important step as we seek to drive platform adoption for ArtPro.” About ArtPro: ArtPro is a unique peer-to-peer marketplace, smartphone app and art provenance monitor built on immutable blockchain technology. Uniquely, the ArtPro platform focuses on connecting art buyers with private dealers and contemporary artists. It gives artists the tools they need to promote their work while seeking to engage a new, wider audience of art lovers. You can connect with ArtPro on Telegram, Twitter, Medium and Facebook About Bancor: The Bancor Protocol is a standard for the creation of Smart Tokens TM, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. To convert tokens instantly, visit the Bancor Web App or join the Bancor Telegram group for more information. The post ArtPro integrating the Bancor protocol to transform the art world appeared first on AMBCrypto.

13 days ago

Peg Network (PEG) and PEG:US Dollar (PEG:USD) are live on th...

Peg Network (PEG) and PEG:US Dollar (PEG:USD) are live on the Bancor Network. Instantly convert #tokens:… https://t.co/Df3t8T9dr6

13 days ago

$BNT — Bancor Network Token — is the hub #token that connect...

$BNT — Bancor Network Token — is the hub #token that connects all #tokens in the Bancor Network, allowing them to b… https://t.co/2BxUAz4Iwv

13 days ago

Breach of Cold Storage Wallet Effectively Handled by Trade.Io

Trade.io recently managed a breach of funds, with no customer funds thankfully unaccounted for. Further steps have been taken to beef up security all around as well as a fork of the TIO Token. Breach Details Crypto Exchange Trade.io was notified of a transaction origination from their wallet, which held 50,000,000 tokens Trade Tokens (TIO) reserved for their liquidity pool. While shortly after, deposits and withdrawals were disabled on the exchange, other exchanges listing the token begin to notice abnormal trading occurring. Shortly after, the external exchanges listing the TIO token experienced abnormal trading within their respective markets. Deposits and withdrawals of TIO were immediately disabled to prevent loss of customer funds, as well as to prevent hackers from getting away with the tokens. While the team’s accounts were affected, no customer accounts were directly affected or funds lost. While further investigations are occurring, no evidence of internal actors stealing has been found. The silver lining is that the vulnerability doesn’t seem to be a technical problem of the cold storage unit itself, and the trade.io systems remain secure and unbreached as well. The problem was isolated to a single hardware wallet purchased directly from the manufacturer, suggesting either a vulnerability in the model or in that particular product sold to Trade.io. Exchange KuCoin and Bancor have been working alongside the Trade.io management team in anyway that they can, assisting them in quarantining any transactions that may be associated with the malicious entity. Trade.io Moving Forward While the exchange has taken holistic steps to increasing security all around to make a similar incident in the future from happening, Trade has also announced a fork of the token. The TIO ERC20 token will be forked to TIOx, or Trade Token X. Similar to TIO, the new token will also be an ERC-20 token on the Ethereum network. Further details of the fork and details of the new coin were released October 25th on their website. Tokens held on the exchange were automatically swapped without any intervention required from the user, with enabled deposits/withdrawals and Liquidity Pool allocations/removals enabled again by 17:00 EST on October 25th. For those holding their tokens on MEW or another ERC-20 compatible wallet before a blockchain snapshot taken October 21st on 15:00 EST, the following instructions will allow users to see their TIOx: A) Add custom token B) Add TIOx contract address which is: 0xd947b0ceab2a8885866b9a04a06ae99de852a3d4 C) Add symbol: TIOx and/or name which is Trade Token X Other exchanges have their own unique process and their instructions can also be seen on the blog post. Trade.io’s website can be visited here. To talk with the community and team, make sure to hop into their Telegram channel to discuss all things Trade.io related. For social media updates, make sure to follow their accounts on Twitter and Facebook, so you don’t miss a beat. To learn more about the team behind the project, make sure to check out Trade.io’s LinkedIn. This is a sponsored article and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research. The post Breach of Cold Storage Wallet Effectively Handled by Trade.Io appeared first on NullTX.

14 days ago

Trade.io Promptly Responds to Cold Storage Wallet Breach and Protects Its TIO Clients

On October 20, 2018, an alarm was raised when a movement of 50 million trade token (TIO) worth $11.5 million was initiated from the trade.io cold wallet. This fund was supposed to be reserved funds for liquidity purposes in order to maintain transactions on the exchange. The activity of the breach was discovered by trade.io security experts who were monitoring TIO transactions. This transaction was thought to have emanated from an external exchange and was curtailed by sending an alert to all exchanges trading the TIO to disable the deposit and withdrawal of the TIO asset. After a thorough assessment, the security experts on the trade.io team discovered that a particular hardware wallet that was purchased directly from the manufacturer was the source of the problem. However, due to the prompt response of the security team, the breach was contained and both the trade.io exchange and the liquidity pool remained unaffected by the breach. So, all customers’ funds were reported safe and untampered with. Furthermore, the nature of the breach showed no foul play from within the company and thus internal security remains intact. A decision to fork the TIO token followed from management’s efforts to further protect users’ funds and close any potential breach that may result from the previous attempt. The new fork of TIO will bear the name Trade Token X with ticker TIOx. Apart from the fact that it will remain an ERC-20 token as the parent chain, a snapshot of TIO token holders’ MEW wallet was taken on 21 October @ 15:00 EST to enable an airdrop of the newly forked TIOx token. Token holders who are unable to view the new token in their wallet have been advised to update the wallet manually by entering the details of the contract address thus: Contract address: 0xd947b0ceab2a8885866b9a04a06ae99de852a3d4 Token Symbol: TIOx Other exchanges have shown their support to remedy the situation as quickly as possible. KuCoin and Bancor came to the aid of trade.io in order to facilitate the investigation and quarantine the source of the breach and its associated transactions. Further actions are being taken to ensure that no other potential impact is incurred. More so, as part of the effort of these exchanges, airdropping the new TIOx tokens to TIO holders on KuCoin exchange is being handled. As for other exchanges, TIO token holders are to contact tioxclaims@trade.io for further instructions. Trade.io have intimated that trading of TIOx will commence on 31 October 2018, and will only be carried out on trade.io The management team expressed their gratitude to the support community and clients who showed positive response with regards to the incidence. Learn more by visiting trade.io website: https://trade.io/ Chat on Telegram: https://t.me/TradeToken Twitter: https://twitter.com/tradetoken?lang=en The post Trade.io Promptly Responds to Cold Storage Wallet Breach and Protects Its TIO Clients appeared first on BitcoinNews.com.

15 days ago

Binance Launches Blockchain Donation Portal to Encourage Transparency in Charity

Binance is continuing its philanthropic ways by launching its blockchain donation portal, which will offer a secure and transparent way for donors to contribute to charitable causes. Donating money to worthy causes is a noble effort. However, we live in a society where not everyone is honest and open. While you may have high hopes that your donation will reach its intended recipient, this might not always be the case. With the transparency of blockchain technology, this is no longer an issue. Binance sees the benefits of blockchain and wants its company to leverage it for good. Earlier this month, the cryptocurrency exchange announced that 100% of its listing fees would be going to charity. It also created the Blockchain Charity Fund (BCF), which has partnered with the UN to combat global poverty. Binance Focuses on Giving More Now, according to a Medium post, the BCF has launched a blockchain donation portal. The announcement was made at the Blockchains for Sustainable Development event, which was held at the United Nations Office in Geneva. Binance revealed that because they will pay the operational fees, 100% of each donation will be able to go the beneficiaries. The blockchain donation portal will make use of a three- to four-layer tracking system which will consist of “donors, charity programs, charity partners (optional), and ultimate beneficiaries”. Because it is all blockchain-based, stakeholders will be able to track donations in a transparent and accurate way. The exchange’s CEO, Changpeng Zhao, also announced that Binance had managed to raise $410,000 in just seven days for West Japan’s flooding victims. The UN has 17 Sustainable Development Goals (SDGs), the aim of which is to create a better future for all, which includes reducing global poverty. Helen Hai, who is the Head of the BCF, discussed how blockchain can help achieve these goals: BCF will leverage blockchain technology to help fill the UN SDG funding gap and directly empower over one billion people living in poverty. We believe poverty is not a destiny. How Blockchain Can Make a Global Difference Hai, who is also a UNIDO Goodwill Ambassador for Industrialization in Africa, explained how Binance can harness the benefits of this technology to really make a difference in charity initiatives: Blockchain is one of the tools in tech that we can use for achieving social good. Moreover, there is no good tech or wrong tech. At the stage of technology is looking for applications, leadership and entrepreneurship matters, we need industry leaders who have the entrepreneurship spirit to drive the right path to use the tech for good cause. I am glad Binance is one of the first ones in [using] blockchain [for charity]. The Blockchains for Sustainable Development session had a range of attendees such as government personnel and representatives from the crypto industry including those from Bancor, IBM, Hyperledger and ConsenSys. Have you participated in any blockchain-based charity initiatives? Let us know in the comments below! Images courtesy of Shutterstock. The post Binance Launches Blockchain Donation Portal to Encourage Transparency in Charity appeared first on Live Bitcoin News.

17 days ago

New Research: Large-Raise ICOs ‘Never’ Deliver Returns

If an ICO raised “large” amounts during its token sale, it means the returns to investors are “never high,” according to new research published October 25. Big Investment, Small Dividends The results of a survey by cryptoasset investment fund Primitive confirm that investors choosing to send money to ICOs should, in fact, look for those which plan to raise smaller - not larger - amounts. “We surveyed major ICOs and found - large raises never mean high returns,” Primitive co-founder Dovey Wan commented on Twitter uploading the data. [A] War chest may buy superficial ‘traction,’ like how 40% of VC money for traditional startups all goes to Google/Facebook on ads. Being able to run lean is key to succeeding as a founder, in any sectors. We surveyed major ICOs and found - large raises never mean high returnsWar chest may buy superficial “traction”, like how 40% of VC money for traditional startups all goes to Google/Facebook on ads. Being able to run lean is key to succeeding as a founder, in any sectors pic.twitter.com/tqMQpdPc5j — Dovey Wan (@DoveyWan) October 26, 2018 What’s In A Market Cap? While Wan did not initially reveal which ICOs had constituted the data, the results continue recent negative publicity for the sector, which has seen losses this year often making headlines. As Bitcoinist reported in September quoting data from monitoring resource Diar, some of the biggest ICOs of 2017 have since lost the most money relative to their starting capital. A list of the industry’s “top ten losers” placed Sirin Labs at number one, the project’s market cap dropping from $158 million after the ICO to just $17 million now - a loss of 89 percent. Paragon, Bancor, and Kin also fared disastrously, shedding 96, 52 and 53 percent of their market cap respectively. However, while the total figure for ICOs being “underwater” this year has passed 70 percent, market sentiment has since turned away from pure capital, Diar notes, due to the very nature of many of the projects behind fundraising moves. “And with tokens having no equity representation, markets have shrugged off cash-on-hand as part of an enterprise valuation,” it summarized. What do you think about the latest ICO returns data? Let us know in the comments below! Images courtesy of Shutterstock The post New Research: Large-Raise ICOs ‘Never’ Deliver Returns appeared first on Bitcoinist.com.

17 days ago

SharesPost Launches ERC-20 Token Index

You’ve heard of the Dow Jones Industrial Average, the NASDAQ Composite and the S&P 500. There are also crypto indices, like those by Coinbase and Galaxy Digital. And now there’s one more. On Thursday, SharesPost launched the SharesPost Token Index to track the growth and maturity of ERC-20 token market. According to the San Francisco-based financial services company, the index is representative of the broad blockchain sector and includes credible projects whose digital tokens have defined utility. Among the cryptos included are Binance (BNB), OmiseGO (OMG), Ox (ZRX), Zilliqa (ZIL), Aeternity (AE), Basic Attention Token (BAT), Pundi X (NPXS), Holo (HOT), Augur (REP), Populous (PPT), WaltonChain (WTC), IOST (IOST), aelf (ELF), Bancor (BNT) and Loopring (LRC). These blockchain projects are ranked at least No. 89 (Bancor) on CoinMarketCap, while Binance Coin is the highest-ranked token at No. 14 with $1.26 billion in market capitalization. The firm’s Token Index gives long-term investors the ability to view in real-time and on daily basis at how a composite of credible blockchain projects are performing against Bitcoin (BTC) and Ethereum (ETH). Its purpose is to inform investor decisions. Since July the index has outperformed Ethereum and underperformed Bitcoin. And over the past 12 months (since October 2017), the index of ERC-20 tokens has grown 17 percent. During the same period, Ethereum has dropped 17 percent while Bitcoin has increased by 59 percent. “We saw a need to provide a meaningful measure of token performance to help inform investor decisions and make the market more comprehensible for everyday people,” said CEO Gregory Brogger in Oct. 25 statement. Not all tokens are treated equally. The index is calculated using a market cap-weighted methodology that uses factors such as circulating supply, market cap, trading volume, trading history and token price to reflect the maturity of the market. The current weighting consists of 31.93% Binance Coin, 12.55% OmiseGO, 10.24% Ox, and 7.33% Zilliqa as four largest ERC-20 tokens that constitute the SharesPost Token Index. Binance Coin (BNB) is the digital coin of the world’s largest cryptocurrency exchange, Binance, in terms of trading volume. At $9.80 it’s down 60% from its all-time high of $24.50 in January. The second-largest project by market cap, OmiseGO, provides decentralized financial solutions across borders. Observers say that blockchain tech is unlocking the potential of the financial sector. “Blockchain technology has completely redefined the idea of a traditional transaction,” Marshall Hayner, CEO of Metal, told Crypto Briefing. “Financial banking, credit card systems, and investment portfolios are all so integral to our society, but completely intimidating to the average consumer .... Blockchain as a framework, which does not warrant a third-party, has unlocked potential for an entirely new type of banking, and in turn, has the ability to strengthen us as a society.” At $6,480 Bitcoin is down 68% this year from its all-time high of nearly $20,000 in January. At $204 Ethereum is down 85% from its all-time high of nearly $1,400 in January. The $209 billion cryptocurrency market is down 75% from its all-time high of nearly $830 billion in market capitalization. The author holds Bitcoin which is mentioned in this article. The post SharesPost Launches ERC-20 Token Index appeared first on Crypto Briefing.

17 days ago

.@Forbes covers @MarcBarasch's use of Bancor to establish a ...

.@Forbes covers @MarcBarasch's use of Bancor to establish a “treeconomy” and interoperable local currency.… https://t.co/geoi9IIjJw

18 days ago

Blockchain Charity Takes Center Stage at World Investment Forum 2018

The World Investment Forum 2018 which is staged annually by the UN Conference on Trade and Development (UNCTAD) was dominated by blockchain this year. This year’s main event was entitled “Blockchains for Sustainable Development” and attracted keynote speakers who discussed the future of the technology. This year’s main speakers included Binance CEO Changpeng Zhao, TRON Founder Justin Sun, European Parliament member Eva Kaili, Bancor co-founder Galia Benartzi and UNICEF Ventures Lead Chris Fabian. Binance CEO Changpeng Zhao announced that the company was focusing on delivering a more transparent approach to charitable donations, an area which dogged the industry for many years and had driven donors away. He spoke on UN’s sustainable development goals (SDGs) suggesting that blockchain can be the main driver towards changing entrenched practices of charitable companies: “For the 17 SDGs, there is one underlying problem we’re trying to solve: transparency. Blockchain has many benefits but ‘transparency’ is the one word I want people to remember today. With increased transparency, charity will improve 100 times: 100x more efficient, 100x more donations and 100x more impact!” Today at #WIF2018, @Binance CEO Changpeng Zhao @cz_binance launched a new platform that uses #blockchain technology to track donations, allowing people to see where their money goes and who benefits. "With better transparency we can achieve 100 times more results," he said. pic.twitter.com/c3LQPWLDng — UNCTAD (@UNCTAD) October 24, 2018 CZ, as he is affectionately referred to, has said elsewhere that blockchain predictions, similar to those about cryptocurrency, should be taken with a pinch of salt. He believes specialized ledgers will change the face of crypto space, taking over from large blockchains such as Ethereum. Zhao argued platforms such as this using DLT is what people want to see in the future; places where donors’ money can be tracked by all parties. The new Binance platform will initially support BTC, BNB and ETH. Tron founder Justin Sun kickstarted Binance’s Charity foundation with a generous donation of USD 3 million, wanting “to donate money for good cause”. The CEO commented: “All of us here have made the decision to be leaders in shaping blockchain technology for social good. Binance Charity Foundation is taking substantial steps in that direction by increasing the transparency of donations so we can see where the goodwill of the donors is going and what impact it has.” MEP Kaili saw hidden banking fees an area where blockchain can make some meaningful changes, arguing, “USD 130 billion of hidden fees are now the reality for the banking sector and any transaction you do. The potential to reduce that is huge. And blockchain could be one of the solutions.” Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Blockchain Charity Takes Center Stage at World Investment Forum 2018 appeared first on BitcoinNews.com.

18 days ago

Did you know that you can sign in to your Bancor Wallet usin...

Did you know that you can sign in to your Bancor Wallet using 3 recovery methods in addition to the normal login op… https://t.co/epMyjvUnhu

18 days ago

IDEX Blocks New York Users, Proving Lack Of Decentralization

IDEX is perhaps the largest crypto exchange branded as a decentralized platform, based on a study in July 2018 by analytics firm Alethio which found it had 69,000 trades in a 2 week period versus 10,000 on the #2 decentralized exchange Bancor. IDEX has USD 1.94 million of daily trading volume per day according to CoinMarketCap, more than all the other decentralized exchanges. However, IDEX has announced that they are banning all New York users, proving that they lack decentralization. ***Notice: #IDEX will begin blocking new orders from users with New York State IP addresses on Thursday, October 25th (6pm UTC). Cancels and withdrawals will remain active. — Aurora (IDEX) *Not Giving Away ETH* (@Aurora_dao) October 24, 2018 Specifically, IDEX is banning New York IP addresses, but allowing New York customers to cancel orders and withdraw funds. New York has been particularly harsh when it comes to regulations on crypto. All centralized crypto exchanges in New York either had to get the New York Bitlicense, which is difficult to obtain or leave the state. The fact that IDEX has the ability to ban IP addresses proves they are centralized. Indeed, IDEX submits the signed trades to Ethereum, giving them the ability to block trades. Further, the fact that New York was able to contact and threaten IDEX proves that IDEX is a centralized organization. IDEX is only decentralized in the sense that users do not deposit crypto on the exchange, rather users hold their private keys at all times, and trades are conducted with multisig Ethereum smart contract transactions. A truly decentralized exchange is Bisq, where there is no central organization to attack, and therefore the government can not threaten or do anything to Bisq. Bisq is simply open source software that is nearly fully autonomous, besides an arbitrator for disputes over fiat payments. However, the Bisq arbitrator cannot block a trade if the buyer and seller sign it, unlike IDEX which can certainly block trades due to the centralized nature of the trade submissions. Therefore, Bisq can be used anywhere in the world regardless of the laws, although technically responsibility falls on the user to not break the law in places where crypto to fiat trading is banned. Other crypto exchanges labeled as decentralized have proven to not be decentralized, such as Bancor which seized funds after a USD 13.5 million hack, and the only market maker is Bancor itself instead of a peer to peer system. 0x, whose token was recently added to Coinbase, is actually a protocol for building centralized exchanges on top of a decentralized network. Therefore, just because a crypto exchange is branded as decentralized does not mean it truly is. It is actually difficult for any crypto exchange to achieve true decentralization, and the reality is most supposedly decentralized exchanges have varying degrees of centralization. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post IDEX Blocks New York Users, Proving Lack Of Decentralization appeared first on BitcoinNews.com.

19 days ago

PR: trade.io Effectively Contains Breach of Cold Storage Wallet and Protects TIO Holders

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The trade.io security team was alerted to a large transaction originating from our wallet holding 50M Trade Tokens (TIO) owned by trade.io reserved for the liquidity pool. Immediately following the alert, our trade monitoring observed abnormal trading of TIO on external exchanges. These exchanges were immediately alerted to disable deposits/withdrawals and trading of TIO, and our security team began its investigation. The responsiveness by the various teams within trade.io prevented the situation from deteriorating and helped quarantine the issue. At no point was the trade.io exchange or liquidity pool accessed or affected, and both remain operational. The breach was limited to one particular hardware wallet that was purchased directly from the manufacturer. Consequently, no customer accounts were directly affected, or customer funds lost. Investigations are ongoing, but have so far concluded that there was no technical hack on the cold storage unit, and trade.io systems remain secure and unbreached. There is also nothing to indicate theft by internal actors. Along with the management team, both KuCoin and Bancor responded promptly and are assisting trade.io in our investigation and have taken steps to quarantine the associated transactions. We are actively taking steps to further lock down the situation, and prevent any other potential impact. As a result of the incident, trade.io Management has decided to fork TIO. The name of the forked token will be Trade Token X with the ticker TIOx, similar to TIO it will be an ERC-20 token. Details of the fork are expected to be released soon. Lastly, while this security breach has been an inconvenience, we are happy to report again that no client assets were lost and we’re pleased with how efficient and responsive our entire team acted following the breach. We’ve been overwhelmed with the positive response from our clients which we affectionately call TIOnauts, and can’t thank them enough for their support and well wishes as we continue this special movement. Contact Email Address marilia.kountouridou@trade.io Supporting Link https://trade.io/ This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post PR: trade.io Effectively Contains Breach of Cold Storage Wallet and Protects TIO Holders appeared first on Bitcoin News.

19 days ago

There are 120+ #tokens on Bancor, with 7,750+ pairs across $...

There are 120+ #tokens on Bancor, with 7,750+ pairs across $KIN, $BAX, $MKR, $BAT, $BNB and $BNT. Which is your fav… https://t.co/Aj9Ld5ovXS

19 days ago

Trade.io Suffers a Rare Cold Wallet Hack as it Loses $7.8 Million U.S. Dollars

Unfortunately, hacks have been pretty common with cryptocurrency exchanges across the globe. But what Trade.io, a lesser-known Switzerland-based cryptocurrency platform, suffered was a rare attack as it affected the exchanges cold wallet. Was it a security breach or was it an inside job? The mystery continuous According to the post released on the exchanges Medium blog, the exchange’s security team was alerted to a suspicious transaction involving an exchange-owned wallet. The wallet in question, which was reportedly kept under lock and key in cold storage, held TIO tokens, Trade.io’s native digital asset. Upon initial investigation, The Swiss Exchange quickly realized some irregular trading activity TIO trading pairs on Bancor and Kucoin, two prominent crypto asset platforms, alerted both Bancor & Kucoin accordingly to disable any deposits & withdrawals, and did the same on trade.io. As TIO transfers ground down to a halt on Kucoin, Bancor, and Trade.io, the exchange’s cybersecurity experts found that 50 million TIO, worth ~$7.8 million U.S. dollars, had been accessed by an authorized user. To address this security breach, TIO trading was halted on Trade.io until further notice, the altcoin has been delisted by Bancor, and Kucoin has paused deposits and withdrawals until a post-mortem on this unfortunate occurrence is compiled and can be released to the public. Although various hacks previously have affected exchanges like Bithumb, CoinCheck, and Zaif (most recently), many pointed out that the hack of a cold storage wallet was something unprecedented. According to Trade.io, it was following proper cold storage protocol to a “T”, reportedly placing its hardware wallets in bank-secured safety deposit boxes, “along with all corresponding materials.” Due to the latter part of that statement, some believed that this hack could only be chalked up to an inside job. But, the exchange had apparently confirmed that the security deposit boxes were not compromised in any way, leaving the case an open-ended mystery. As future steps, Trade.io has sought to render the stolen TIO useless, with an announcement indicating that the exchange’s top brass, which includes CEO Jim Preissler, have decided to fork the original altcoin into TIOx, hopefully mitigating the impact that the hack will have on the exchange’s ecosystem. Quoting Preissler from the post, “To this end, we are currently considering various options with one being a fork, with the objective of making the 50M that were taken from us worthless, but protecting the value of TIO for everyone else, as the 50M are traceable. We will advise on our decision in the next 24 hours following a meeting by our board. Lastly, please be assured, that those participating in the Liquidity Pool, distributions will be completely uninterrupted, and ability to enter and leave the Liquidity Pool will continue as normal.” Whether this is an inside job or an external security breach, an attack on cold wallet definitely shows that the hackers to are maturing. One will have to update their security standards to take care of these cold wallet attacks as well Are Cold wallets no more safe enough as they were considered to be? Do let us know your views on the same. The post Trade.io Suffers a Rare Cold Wallet Hack as it Loses $7.8 Million U.S. Dollars appeared first on Coingape.

21 days ago

trade.io Effectively Contains Breach of Cold Storage Wallet and Protects TIO Holders

At 08:40 EST 20 October 2018, the trade.io security team was alerted to a large transaction originating from our wallet holding 50M Trade Tokens (TIO) owned by trade.io reserved for the liquidity pool. Immediately following the alert, our trade monitoring observed abnormal trading of TIO on external exchanges. These exchanges were immediately alerted to disable deposits/withdrawals and trading of TIO, and our security team began its investigation. The responsiveness by the various teams within trade.io prevented the situation from deteriorating and helped quarantine the issue. At no point was the trade.io exchange or liquidity pool accessed or affected, and both remain operational. The breach was limited to one particular hardware wallet that was purchased directly from the manufacturer. Consequently, no customer accounts were directly affected, or customer funds lost. Investigations are ongoing, but have so far concluded that there was no technical hack on the cold storage unit, and trade.io systems remain secure and unbreached. There is also nothing to indicate theft by internal actors. Along with the management team, both KuCoin and Bancor responded promptly and are assisting trade.io in our investigation and have taken steps to quarantine the associated transactions. We are actively taking steps to further lock down the situation, and prevent any other potential impact. As a result of the incident, trade.io Management has decided to fork TIO. The name of the forked token will be Trade Token X with the ticker TIOx, similar to TIO it will be an ERC-20 token. Details of the fork are expected to be released soon. Lastly, while this security breach has been an inconvenience, we are happy to report again that no client assets were lost and we’re pleased with how efficient and responsive our entire team acted following the breach. We’ve been overwhelmed with the positive response from our clients which we affectionately call TIOnauts, and can’t thank them enough for their support and well wishes as we continue this special movement. The post trade.io Effectively Contains Breach of Cold Storage Wallet and Protects TIO Holders appeared first on Live Bitcoin News.

21 days ago

Official Announcement: trade.io Contains Breach of Cold Storage Hardware Wallet, Protecting TIO Holders

Immediately following the alert, our trade monitoring observed abnormal trading of TIO on external exchanges. These exchanges were immediately alerted to disable deposits/withdrawals and trading of TIO, and our security team began its investigation. The responsiveness by the various teams within trade.io prevented the situation from deteriorating and helped quarantine the issue. At no point was the trade.io exchange or liquidity pool accessed or affected, and both remain operational. The breach was limited to one particular hardware wallet that was purchased directly from the manufacturer. Consequently, no customer accounts were directly affected, or customer funds lost. Investigations are ongoing, but have so far concluded that there was no technical hack on the cold storage unit, and trade.io systems remain secure and unbreached. There is also nothing to indicate theft by internal actors. Along with the management team, both KuCoin and Bancor responded promptly and are assisting trade.io in our investigation and have taken steps to quarantine the associated transactions. We are actively taking steps to further lock down the situation, and prevent any other potential impact. As a result of the incident, trade.io Management has decided to fork TIO. The name of the forked token will be Trade Token X with the ticker TIOx, similar to TIO it will be an ERC-20 token. Details of the fork are expected to be released soon. Lastly, while this security breach has been an inconvenience, we are happy to report again that no client assets were lost and we’re pleased with how efficient and responsive our entire team acted following the breach. We’ve been overwhelmed with the positive response from our clients which we affectionately call TIOnauts and can’t thank them enough for their support and well wishes as we continue this special movement. The post Official Announcement: trade.io Contains Breach of Cold Storage Hardware Wallet, Protecting TIO Holders appeared first on CoinSpeaker.

21 days ago

Trade.io Crypto Exchange Reveals That a Hacker Stole 50 Million TIO Tokens

In a blog post released on Sunday, the lesser-known cryptocurrency exchange Trade.io revealed that it was recently the victim of a hack that saw an unauthorized user access 50 million of the platforms native TIO tokens, worth roughly $7.8 million, from a cold storage wallet. The hacker was exchanging the funds on the Kucoin and Bancor cryptocurrency exchanges and was able to exchange around 2.6 million tokens before security measures could be taken. Trade.io has halted TIO trading, Kucoin has temporarily halted deposits and withdraws and Bancor has delisted the token for the time being. (JF)

21 days ago

Forbes Launches Crypto Portal, Partner Trade.io Hacked for $7.5 Million in Crypto

Forbes Media today launched the beta version of it Forbes CryptoMarkets, in partnership with investment firm NewCity Capital and Trade.io, which suffered a hack that resulted in $7.5 million in cryptocurrency tokens being stolen from a cold storage wallet. Forbes Launches CryptoMarkets Data Portal for Tracking Crypto Prices Media powerhouse Forbes Media LLC, has unveiled a new cryptocurrency market and price data aggregation website, akin to CoinMarketCap. The new portal offers up-to-the-minute, comprehensive data on the top 200 cryptocurrencies by market cap. This includes trading volume data from 31 cryptocurrency exchanges, including Binance, Bitmex, and may other prominent names in the space. Forbes CryptoMarkets also includes content from interviews and articles from Forbes, as well as a “real-time newsfeed aggregating content from leading news organizations and companies.” Forbes will also leverage its unrivaled access to data to publish four different “CryptoMarket indices,” including the “Top Cryptocurrencies, Top 10 Global, Top 30 Global, and Top 10 Blockchain and dApps Global.” The initial offering of indices, Forbes says, are there to serve as an “informational tool” to demonstrate market trends, and will add more indices separated by “sector, industry, and cryptocurrency use-case” in the future. Forbes is launching the CryptoMarkets portal in a partnership that includes NewCity Digital Limited, investment firm NewCity Capital, and “next-generation financial institution based on blockchain technology,” Trade.io. Bad Timing: Forbes’ Partner Trade.io Hacked for $7.5 Million in Crypto Trade.io should be celebrating a successful high-level partnership with an American media mainstay like Forbes. However, the exchange and consultancy firm is currently licking its wounds after suffering an unusual theft of $7.5 million in cryptocurrency tokens. Trade.io confirmed via their Medium blog that a security breach had occurred, resulting in over 50 million in Trade (TIO) tokens being stolen from the firm’s cold storage wallets. The 50 million tokens are valued at $7.5 million at the current $0.15 price per TIO. The ongoing investigation has revealed that some of the TIO tokens had made their way to cryptocurrency exchanges Bancor and Kucoin, and the exchanges themselves are assisting Trade.io with the issue. What’s unusual is that the funds were stolen from the cryptocurrency exchange’s cold storage wallets, which are typically encrypted USB-devices or pieces of paper with private keys written down that the firm says it stored in safety deposit boxes - safety deposit boxes that the company says “were not compromised.” Regardless of where or how the tokens were stored, they somehow ended up in the clutches of hackers. Now the company is considering a fork of the TIO token codebase to render the stolen funds useless and preserve the price of the TIO token for other investors. The hack happened less than 24 hours before the publication went live with its announcement to launch the beta version of its CryptoMarkets product, in a partnership that involves Trade.io. Featured image from Shutterstock. The post Forbes Launches Crypto Portal, Partner Trade.io Hacked for $7.5 Million in Crypto appeared first on NewsBTC.

21 days ago

Since every #token in the Bancor Network is connected to $BN...

Since every #token in the Bancor Network is connected to $BNT, any token can be converted into any other token inst… https://t.co/b8FZaSnzV7

21 days ago

Cryptocurrency and Blockchain Makes a Difference in Africa

Humanitarian Blockchain a BitcoinNews.com series Part 4: Cryptocurrency and Blockchain in Africa Is Making a Difference Both cryptocurrency and blockchain have a part to play in empowering African leaders to inject growth and financial inclusivity into their economies. Individual and local empowerment by taking responsibility for water, electricity, banking, IT, communications, education, local elections, and research are all achievable, as shown by a growth in crypto and blockchain projects in these sectors around the huge continent of Africa. Bitcoin News explores how some projects are making a difference. Globalization has arguably transpired at the cost of the African nations, which primarily exports raw materials rather than manufactured goods that hold the larger profit margin. Cryptocurrency is an opportunity for the citizens of Africa to enter the global marketplace, investing in entrepreneurial ventures on a scale previously inaccessible. The application of blockchain-based solutions to small local run enterprises may be a way of breaking the chains of corruption, exploitation by multinational industries and corrupt national governments for many Africans. The reason for using blockchain is that it is secure and transparent in nature. No individual or single entity can alter entries on the distributed ledger. Connectivity Connectivity is essential across Africa if it is to address the disparity of those that have and those that don’t and attract business from overseas. A new report by the International Telecommunications Union (ITU) has outlined that Africa will need to invest more on internet connectivity in order to maintain the continent’s current pace of cryptocurrency adoption. Using the Sun Solar power needs to be utilized more readily across some of the poorer and more remote parts of the continent. A project by Sun exchange is addressing this problem. AfricaPowerhive will be the beneficiary of funds generated from the sale of Sun Exchange’s SUNEX rewards tokens by public sale. The money will then be spent on developing solar-powered mini-grid projects in Sub-Saharan Africa. The project will allow for the used solar panels to be sold off later to Sun Exchange members who will, in turn, own the cells used in the projects and subsequently profit from a sustained period of “solar-powered money”. Sun Exchange founder and CEO Abraham Cambridge said in a press release that: “Together, we are working towards a world where no one is forced to cook with unsafe kerosene or wood-burning stoves, no child has to worry about how they will study after dark, and lack of energy access ceases to propel cycles of poverty.” Building Schools Education is an area being tackled using crypto in Rwanda where an NGO and a cryptocurrency platform are planning to construct a school by using only cryptocurrency funding. The non-profit organization, Zam Zam Water, in a cooperative project with Peer-to-Peer finance platform provider Paxful is aiming to raise $100,000 for an education center. The project will be implemented in Rwanda’s Bugesera District, complete with full-time teaching staff. The raising of estimated building costs of around $100,000 has been started for the new project with a donation of $20,000 from Paxful. The remaining funds will be raised through online crowdfunding. Cryptocurrency donations via Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Dash will be matched by the crypto platform’s BuiltWithBitcoin initiative until the necessary funds have been raised. Banking Out of the 20 countries with the highest fiat inflation according to the CIA World Factbook, 13 of them are in Africa. South Sudan has the worst inflation rate in Africa, over 100% per year, with Congo, Libya, Angola, Sudan, and Suriname having yearly fiat inflation in excess of 20%. Burundi, Mozambique, Sierra Leone, Nigeria, Egypt, Malawi, Liberia, and Ghana, have yearly fiat inflation rates in excess of 10%. Additionally, a large fraction of Africans doesn’t have banks or access to the financial system. For example, in Sub-Saharan Africa, only 43% of those 15 or older have bank accounts, versus 69% in the rest of the world. Cryptocurrency can provide the financial infrastructure that Africans desperately need but don’t have access to. Lady Victoria Walker, CEO of the United Digital Currency Reserve Foundation and UK based fintech entrepreneur feels that new technologies such as blockchain and cryptocurrency are essential factors in empowering African leaders to inject growth and financial inclusivity into their economies. She argues: “Bitcoin is a reality. We have all major world governments scrambling to make sense of it and world leaders sharing their views on the currency. For the past 700 years, our world has relied on the European legacy banking system for means of payments and transactions. Bitcoin is definitely challenging the traditional way when it comes to the transfer of value. Just like the internet changed how we shop, b

22 days ago

Integrate your #token with Bancor and get continuous #liquid...

Integrate your #token with Bancor and get continuous #liquidity regardless of trade volume. Join now!… https://t.co/9QUEabOGhR

22 days ago

$11 Million Stolen as Trade.io Cold Storage Was Hacked

A few hours ago, Trade.io, a distributed wealth P2P shared liquidity pool exchange, revealed that the exchange have suffered from a hack. This incident has resulted in the loss of around 50 Million TIO tokens that were stored on Trade.io’s cold storage wallet. At the time of the attack, the stolen coins were worth $11 Million. Following the incident, Trade.io has shut down the deposit and withdrawal of TIO from their platform and also from Kucoin. Not only were the funds stolen but after a further inquiry in the matter, Trade.io’s team noticed some irregularities in TIO pairs on Bancor and Kucoin. To avoid any further incident, both of these platforms have disabled the trade of TIO. Furthermore, TIO will not be listed on Bancor from now on, and TIO trading is also disabled on Trade.io exchange until further notice. The 50 Million TIO, that were maliciously withdrawn from the cold storage, were meant for the Liquidity Pool, and an estimated total 1.5M of the total amount was already transferred to Bancor and Kucoin. The investigation is ongoing, and both exchanges are assisting Trade.io to gather information. Trade.io has clarified that the hack occurred, despite their use of industry level of cold storage, which is then stored in safety deposit boxes in banks, along with all the corresponding materials. Trade.io also confirmed from the banks that the safe deposit boxes were not compromised in any way. A Hard fork to cure? To resolve this matter and protect their investors, Trade.io is considering the option of conducting a fork. This will make all the stolen tokens will become worthless. Trade.io has said that they will announce further action in the next 24 hours and that the participation in the Liquidity Pool will remain uninterrupted. Investors will be able to enter and leave the Liquidity Pool as per usual. The current attack on Trade.io is a depiction of how exchanges have become the focal point of the crypto industry. The competition is tough, and Trade.io has stated that “they will take strict action against the attackers and do their best to trace the stolen amount.” At the time of writing, the price of TIO had declined to $0.16. The following TIO chart can give clues about the time of the attack: TIO last 7 days. Marked is the possible decline following the attack. Source: Coinmarketcap The post $11 Million Stolen as Trade.io Cold Storage Was Hacked appeared first on CryptoPotato.

22 days ago

.@galiabenartzi lectures on how Bancor enables the rise of u...

.@galiabenartzi lectures on how Bancor enables the rise of user-generated currencies, last week @waseda_univ in… https://t.co/GXGdpElIJO

23 days ago

Report: North Korea’s Lazarus Hackers Have Stolen $571M In Crypto

North Korean Lazarus Hacking Group Thrashes Crypto Exchanges You may not have heard of them, but reports claim that the North Korea-based Lazarus hacker consortium is responsible for some of the crypto industry’s most-damaging hacks in the past 12 months. As reported by Etehreum World News in late-August, at one point, the group reportedly utilized a piece of malware, dubbed “Applejeus,” that wreaked havoc on an unnamed exchange platform. Although the exact extent of Lazarus’ quickly growing sphere of influence is still unknown, The Next Web’s Hard Fork recently revealed that the group is directly tied to the attacks on the following five cryptocurrency platforms — CoinCheck, YouBit, Coinis, Bithumb, and Yapizon. Interestingly enough, it was noted that Lazarus was likely not responsible for the recent hacks on the Zaif, Bancor, and Coinrail platforms. Citing an exclusive report from Group-IB, a world-renowned cybersecurity company, it was claimed that while the collective hacking efforts from “internet baddies” have seen $882 million in crypto assets stolen from exchanges, the elusive Lazarus group was responsible for the lion’s share of the funds stolen. More specifically, out of the 14 reported attacks on exchanges since January of last year, the North Korean hacker collective was responsible for five hacks, which were collectively responsible for the loss of $571 million in stolen crypto assets. It is unclear how the funds stolen by Lazarus have been used, but it is widely believed that the hermit nation has been doing its best to bolster its cryptocurrency holdings to bypass international sanctions through a series of questionable practices. Surprisingly, the document went on to claim hackers, like the Lazarus group, have used traditional methods and tools, such as spear phishing, social engineering, and malware, to gain unauthorized entry into the inner workings of crypto platforms. Discussing the topic of spear phishing and its relation to exchange security breaches in detail, Group-IB wrote: Spear phishing remains the major vector of attack on corporate networks. For instance, fraudsters deliver malware under the cover of CV spam [with an attachment] that has a malware embedded in the document... After the local network is successfully compromised, the hackers browse the local network to find work stations and servers used working with private cryptocurrency wallets. This sounds like a security concern that can easily be patched... right? Well, the Moscow-based technology company went on to note that hacks on exchanges will only become more common as this industry continues to gain traction, as hacker groups may “shift their attention to cryptocurrency exchanges” due to the sheer amount of capital flowing through crypto on a day-to-day basis. Phishing ICO Attempts, 51% Attacks Remain A Hot Topic Within The Hacker Community The report also touched on two other hot topics in the cryptocurrency hacking scene — ICO phishing scams and 51% attacks on PoW-based blockchain networks. Per data gathered by Group-IB, approximately 10% of all funds raised by ICOs in the past 18 months have been stolen by phishers, which is a colossal amount considering that these crowdfunding efforts have raised billions of dollars. 51% attacks have reportedly seen their fair share of attention, claiming that hackers stole upwards of $18 million by taking over a multitude blockchain networks through brute force. Although the data is varied from each attack-type to the next, one common theme is clear, which is that crypto-related hacking attempts are only slated to increase in the near future. Photo by Markus Spiske on Unsplash The post Report: North Korea’s Lazarus Hackers Have Stolen $571M In Crypto appeared first on Ethereum World News.

24 days ago

WATCH: @wor explains how Bancor is enabling Kenyan communiti...

WATCH: @wor explains how Bancor is enabling Kenyan communities to create their own currencies using #blockchain tec… https://t.co/w58VyZYrxs

25 days ago

Circle's Poloniex Exchange Lists Bancor Across the BNT/USDT, BNT/BTC and BNT/ETH Pairs

Poloniex Exchange, which is owned by Goldman Sachs-backed startup Circle, has added another altcoin. Jeremy Allaire’s Circle made the announcement in a blog post, welcoming “Bancor to the Poloniex family.” Trading in BNT will be available across the USDT, BTC and ETH markets beginning Oct. 19. Bancor is a smart contract-fueled “decentralized liquidity network” that runs on the Ethereum network. In addition to its own platform, BNT trades on Binance, HitBTC and other exchanges. The BNT coin has shed 1% in the last 24 hours on volume of $4.2 million. (GT)

25 days ago

.@platin_io — a #blockchain-based proof of location protocol...

.@platin_io — a #blockchain-based proof of location protocol — has announced integration with Bancor to provide con... https://t.co/xdrNIGtn4w...

a month ago


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