BitShares

BitShares BTS

$0.0246
Market Cap $ 73.870 MM (#142)
24h Volume $ 5.637 MM
Chg. 24h: 2.72%
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BitShares News

Back in November, BitShares was proud to co-present the #Dec...

Back in November, BitShares was proud to co-present the #Decentralized19 conference along with #unic. Here's a smal… https://t.co/Yrj4mBeEK0

8 months ago

13 new improvements to the core BitShares protocol up for vo...

13 new improvements to the core BitShares protocol up for voting, including cutting edge stuff such as Custom Autho… https://t.co/GH3F3Sukes

a year ago

If You’d Bought These Coins in 2014, This Is What You’d Have Made

Fall is here, and it’s a good time for reflection, regrouping and gearing up for the coming new year. In the case of crypto, looking back at the markets of the past puts things into similar perspective. An examination of the top 10 cryptocurrencies of just five years ago sheds light on how far crypto has come and how much opportunity has been either successfully leveraged or missed by investors and traders all over. Also Read: Bitcoin Cash Acceptance Grows in Southeast Asia via Alchemy’s PoS System Revisiting October 11, 2014 For those deeply engaged in the crypto space, days can seem like years for all the action, change and heated debate packed. It’s easy to forget just how far things have come and — not to put too fine a point on it — how much money has been made, lost or squandered. On October 11, 2014, the top 10 coins by market cap were as follows: Historical snapshot of the crypto market top 10 for October 11, 2014. Source: https://coinmarketcap.com/historical/20141012/ The price of bitcoin was just shy of $400, XRP wasn’t worth a cent yet, the currently 29th-ranked DOGE was a top five market cap competitor (although lower in price), and BTC maximalism wasn’t really a thing. But what would happen if one took a time machine back, and invested a thousand bucks ($100 each) into crypto’s top 10 of October 11, 2014? Today’s Market Coinmarketcap’s top 10 reads drastically different today. Bitcoin core remains on top, with an $8,550 valuation at press time. ETH, which in 2014 hadn’t even gone live, has since entered the top 10, snagging the number two spot with a market cap well exceeding $20 billion, and ripple is now worth 27 cents. Tether has since taken the crypto world by storm, but was then known as Realcoin, a solely Omni Layer protocol on the BTC blockchain. Position four today is also held by a newcomer, even though its history goes all the way back to Bitcoin’s genesis block - bitcoin cash. So let’s say we’ve taken a time machine back to fall 2014, and invested $100 dollars in each of the top 10 cryptos (BTC, XRP, LTC, BTS, DOGE, NXT, PPC, NMC, XCP and DASH) on October 11. Not counting the various forks that have taken place since then, $1,000 invested evenly across the top 10 coins would result in a portfolio valued at an impressive $13,880 today. Not too shabby, especially considering the lucrative forks that would have also added to this number considerably. Of the 10 coins invested in, only four would turn out to be losers: NXT, resulting in a roughly $55 valuation today, PPC, reducing your $100 by nearly 75%, NMC, hacking over 50% off of the original investment value, and XCP, performing similarly, ending up at about $44 today. The biggest gains would be found in XRP, with a 5,600% increase in price, DASH, with a gain of over 3,000%, and BTC, growing your $100 to a tidy $2,260. LTC ends up at about $1,500, and even DOGE comes back a winner on this timeline, growing the original investment over eight times. BTS, which has fallen from market cap glory since 2014 to rank 64, would still make you about three bucks. Better than a kick in the face, at least. It’s Not All About the Money If exercises like this can teach crypto traders and investors anything, it’s how little anyone really knows about the market’s unpredictable movements. Promising crypto projects sink into sub-decimal obscurity faster than one can say “shitcoin,” while forks and new coins rise up swiftly, bringing fierce market challenge to the old guard. Utility, adoption, innovation and community spirit all seem to play a part here, and mere dollar sign fluctuations don’t make or break a project. That said, every crypto enthusiast is at least a little interested in price, and who can blame them? Especially given the fact that so much stands to be gained on the choppy seas of crypto-particularly from a long game perspective. To stay up on the price of your favorite cryptocurrencies, as well as SLP token markets, be sure to head over to markets.Bitcoin.com and enjoy the user friendly, multi-feature interface as you chart your course. How would you invest in crypto differently if you could go back in time? Let us know in the comments section below. Image credits: Shutterstock, fair use. Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card. The post If You’d Bought These Coins in 2014, This Is What You’d Have Made appeared first on Bitcoin News.

a year ago

The BitShares Blockchain offers full featured order books an...

The BitShares Blockchain offers full featured order books and order matching, both natively built-in (the DEX) and… https://t.co/v7LQbqrJ0d

a year ago

BTS joins the GLF’s Communications Blockchain Network - Capacity Media

3h | Natalie Bannerman Business Telecommunications Services (BTS) is set to join the GLF’s Communications Blockhain Network (CBN). Launched at ITW 2019, the CBN was developed with the aim of developing a blockchain-based platform, which will revolutionise the commercial settlement infrastructure for the ICT service provider industry. At the time of the announcement, it

a year ago

CryptoBridge Introduces Compulsory KYC Verification

CryptoBridge, a gateway to the BitShares digital assets exchange, has announced that with immediate effect, all existing customers and new crypto traders on the platform must submit their verification documents to use the platform. The move is part of plans to comply with the 5th EU Anti-Money Laundering Directive (AMLD5) scheduled to go live inRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\

a year ago

BitShares DEX Gateway CryptoBridge Implements Mandatory KYC for Users

BitShares Decentralized Exchange (DEX) gateway CryptoBridge announced on Oct. 1 that it has implemented mandatory user Know Your Client (KYC) verification. European regulation is responsible According to the announcement, the reason for the upcoming mandatory KYC is the 5th EU Anti-Money Laundering Directive (AMLD5). Interestingly, CryptoBridge also noted that the company wants to challenge international financial regulation, writing: “While we still strive to present new challenges for international financial regulation, we are facing the 5th EU Anti-Money Laundering Directive (AMLD5) and will adjust our gateway services to pave the way for CryptoBridge moving forward.” Because of this policy change, all CryptoBridge users are required to submit to identification before continuing to use deposits and withdrawals. According to the platform, the measure is meant to “protect customers and CryptoBridge from being held responsible for any illegal intentions or money laundering activities.” Data safety and privacy concerns The company also notes that the introduction of the AMLD5 regulation creates legal status for crypto assets, “enables them to become viable and legitimate financial networks,” and facilitates the listing of security tokens on the platform. Lastly, the company reassures users that it won’t have access to their KYC data, which will be managed by its GDPR-compliant partner Fractal. Users are increasingly concerned over sharing their data with third parties, especially sensitive data such as the documents required to perform KYC checks. As Cointelegraph reported in August, Binance fell victim to a hacking scandal that saw the scammer gain possession of a huge chunk of the firm’s KYC data.

a year ago

CryptoBridge DEX implements mandatory user verification

CryptoBridge DEX implements mandatory user verification - CryptoNinjas CryptoBridge, a gateway to the BitShares decentralized trading platform, today announced that in the face of the 5th EU Anti-Money Laundering Directive (AMLD5), it will need to adjust its gateway services to pave the way for CryptoBridge moving forward. Consequently, starting this month, all existing and new users are required to submit user verification before CryptoBridge DEX implements mandatory user verification - CryptoNinjas

a year ago

BitShares partners with the University of Nicosia to present...

BitShares partners with the University of Nicosia to present the "Decentralized 2019" conference in Athens. Read ou… https://t.co/94QBexRlRy

a year ago

Bithumb Remains Unsold a Day Before Acquisition Payment Deadline

Bithumb was supposed to be acquired by BK Global Consortium (BXA) sometime in September. However, the exchange still remains unsold and today is the last day of the month. It seems that Bithumb is having some issues with its planned deal with BK Global Consortium. Back in April, the group planned to purchase the exchange for $353M but postponed it to September. Now, the deal seems to be in limbo. Bithumb Acquisition in Limbo In April, it was announced that BK Global Consortium (BXA) would be postponing its purchase of South Korean cryptocurrency exchange Bithumb to September. BXA was planning to buy over 50 percent of BTC Korea Holdings, the largest shareholder of BTS Korea. However, Bithumb officials said in April that BXA has decided to increase its stake in BTC Korea Holdings to up to 70 percent. It was then that it was announced there would also be a delay to September. Now, it seems that September has almost passed and, still, there has been no word on this acquisition. In the meantime, some are speculating that the deal may possibly not go through after all. It was also reported in April that possible abnormal withdrawals may have hampered the acquisition proceedings. It was then that the exchange said that customer assets “have been safely stored in the cold wallet,” without any explanation on what caused the supposed abnormal withdrawals. It seems that as of today, BK Global Consortium has missed its deadline to pay for the acquisition entirely. Initially set for $353 million dollars, it has since been postponed seemingly indefinitely. What Comes Next It’s difficult to say what comes next for Bithumb. The exchange will likely go back to the drawing board and potentially continue accumulating losses. The situation for the entire cryptocurrency space in South Korea is concerning, considering that — as BeInCrypto previously reported — around 97 percent of all exchanges in the country are near going bust. Bithumb still boasts consistently high trading volume, but far below what it had even in 2018. It once had over $1B in daily trading volume consistently — but, today has just $228M daily. Do you believe Bithub will find another buyer or are they in deep trouble? Let us know your thoughts in the comments below. Images courtesy of Shutterstock. The post Bithumb Remains Unsold a Day Before Acquisition Payment Deadline appeared first on BeInCrypto.

a year ago

Bithumb Confirms That BK Consortium Fails To Pay Acquisition Payment, What’s Next?

The issue of Bithumb sale to BK Global Consortium has been around since the second quarter of this year. However, BK Global Consortium is said to have failed to pay the expected acquisition payment as at a day before the deadline. This, therefore, raises question as to what might become of the described arrangement. Will bithumb remain unsold? If so, what’s next? Bithumb Still Up For Sale As per a report by crypto media platform, BlockInPress, as at today 30th of September, BK Global Consortium is yet to pay the agreed acquisition payment expected to be made in their pursuit of crypto currency exchange, Bithumb. This comes following a statement by Bithumb’s official, “You must wait until today, which is the deadline, to know the situation.” “It is difficult to give an accurate answer in practice, and the deadline must pass.” Bithumb’s Acquisition Payment Was Once Delayed In April, it was reported that the acquisition of Bithumb by the BK Global Consortium (BXA), which is controlled by BK Group Chairman Kim Byung Gun, was delayed to September 2019. Initially, by the end of March, BXA was said to have signed the main contract to buy 50% + one share of BTC Korea Holdings, which was the largest shareholder of BTS Korea. According to Bithumb officials in April, “BXA decided to increase its stake in BTC Korea Holdings up to 70%, and the payment date was delayed six months later.” Bithumb, which at the time was said to have experienced abnormal withdrawals later responded by giving an official announcement. In its statement, “customer assets were safely stored in the cold wallet” and “unusual cryptocurrency deposit and withdrawal seems to have touched our assets.” “The abnormal withdrawal is estimated to have occurred at 22 o’clock on the 29th of last month, and we confirmed the external withdrawal situation and stopped the withdrawal service at 23:00.” The post Bithumb Confirms That BK Consortium Fails To Pay Acquisition Payment, What’s Next? appeared first on Coingape.

a year ago

1/3 The BitShares core team has fixed the bug that caused th...

1/3 The BitShares core team has fixed the bug that caused the blockchain to halt. We thank the team for their dedic… https://t.co/YBebY7uqOE

a year ago

The @bitshares blockchain main net has halted unexpectedly. ...

The @bitshares blockchain main net has halted unexpectedly. BTS Core team is investigating. Please be patient while… https://t.co/Ypm1xR38bV

a year ago

@syndrael1 @swisscryptocat It is possible to cancel it. We c...

@syndrael1 @swisscryptocat It is possible to cancel it. We can send you some BTS to your account to process the can… https://t.co/48i3dZagz3

a year ago

Altcoins Not Proposed for Binance US See Their Trading Volumes Dry Up

Since Binance revealed that its main platform will stop serving U.S. customers but that it plans to launch a regulator-approved Binance US, altcoins that aren’t slated to be on the U.S. based platform have seen their trading volumes begin to dry up. While coins like Nano (NANO), Vechain (VET), Waves (WAVES), Zilliqa (ZIL) continue to see healthy volumes and price appreciation, projects that didn’t make the shortlist like BitShares (BTS), Siacoin (SIA), and Golem (GNT) have had a noticeable decline in trading volumes. Many of the unlisted coins could soon fall into irrelevance. (JF)

a year ago

EOS Price Prediction 2019: How High Can EOS Go This Year?

In today’s article, we will be looking at some forecasts and analyses in order to conjure up an EOS price prediction for 2019. What is EOS? EOS is a cryptocurrency which was created in 2017 by Daniel Larimer, who also created Bitshares and Steem. The EOS coin launched its ICO on 26th of June, 2017, The post EOS Price Prediction 2019: How High Can EOS Go This Year? appeared first on Coindoo.

a year ago

Cryptocurrency software on a Linux system - opensource and proprietary

Some people invest conservatively in stocks and bonds, while other people do risky investments using lottery tickets and gambling for startup money from sites like Intertops casino no deposit bonus. But others still choose to invest in precious metals and cryptocurrencies. But as with any investment, people need to keep track of their investments and to manage their investments. The following software can help make the experience easier. This is an information only article, and it not intended to be a review. Cryptoinfo A simple python program allowing users to find the prices of popular cryptocurrencies from the command-line on a Linux system. There are two cyptoinfo products available on Amazon that are built on top of the cyptoinfo software, and may provide additional features. They are available through Amazon’s Alexa device. The first one is written by Michael Dietrich and it supports the following cryptocoins: Ethereum, Bitcoin, Ripple, Litecoin, and loads more. The second one has the same name and it is written by Ollie Yerburgh. This one, from the description, has more features than the one by Dietrich. Ollie’s software supports hundreds of different cryptocurrency price trends, without the need to use a web browser. It also tracks the trends of USD, GBP, EUR, and JPY, and how much their price has changed within the last 24 hours. You can also create a virtual wallet and track your wallet by simply saying, “How much is my portfolio worth”. Another great feature is the prediction feature, which uses high, low, open, close, and volume values from yesterday to predict the price that the Bitcoin will close at tomorrow. Net Worth If you store your wealth in unconventional assets like precious metals and cryptocurrencies, it seems difficult to get an overview of your current financial situation. This application presents your precious metals and cryptocurrency holdings in a groupable and sortable table, which allows you to quickly see how your net worth is spread among the different asset types and locations. PolisPay Do you need a place to store your cryptocurrencies? Then PolisPay is the product to look into. Offering unique services like: - The safest way to store cryptocurrencies with HD wallets based on a 12 words seed. - Multiple cryptocurrencies supported. - Convert your crypto to fiat immediately using your PolisPay Card. - Convert between cryptocurrencies immediately using PolisPay Shift. - Monitor your master nodes in real-time with their powerful API services. Lindacoin-wallet Cryptocurrency wallet for LindaCoin. Linda Cryptocoin is a hybrid coin with more than 70% pure PoS Block reward phase and 99% APR. This coin comes with a master node which ensures lightning-fast secured transaction, multi-wallets, encrypted messaging and stealth address for complete anonymity. Bitshares-wallet Reference wallet for the decentralized exchange and cryptocurrency BitShares (BTS). BitShares is a high-performance blockchain hosting a decentralized exchange platform that lets you trade in a huge variety of markets, including stable coins such as bitUSD and bitCNY, as well as established cryptocurrencies like Bitcoin, Ethereum, and Monero through the use of trusted gateways. Neutroncoin-wallet Cryptocurrency Wallet for Neutron. A Cryptocurrency that operates by Proof of Stake, Neutron is no longer mineable and requires no expensive equipment to participate. By simply holding a balance in an open encrypted wallet you are awarded stakes in per-portion to the amount you hold for verifying transactions and helping to keep the network secure. You can earn additional coins by participating in the “Nucleus Node” system which rewards participants for operating a node on the Neutron network. If you are an expert or only just getting started, Neutron is a safe, green, and stable coin which allows you to store value digitally and generate income in NTRN based simply on the amount you hold. It is easier than ever to buy, stake, & trade. Safex-wallet Decentralized autonomous marketplace secured by cryptography. Safe Exchange is a marketplace that enables its users to buy and sell goods and services using a complete suite of anonymous systems that are married to the blockchain that are called Chille. Blur Network Command-Line Tools BLUR is a private cryptocurrency that allows users to transact in a way that is secure and verifiable to only the parties they choose. Transaction amounts and participants are obfuscated to protect your privacy. BLUR features the new Cryptonight-Dynamic v2 algorithm for mining, which adjusts once every second and depends directly upon the previous block’s hash. These changes should help to make the algorithm more GPU/ASIC-resistant, as well as to discourage miners from manipulating timestamps in solved blocks. The Blur Network consists of individuals mining independently on CPUs, without the need for specialized hardware. Namecoin Namecoin is a decentralized key/value registration and transfer syst

a year ago

The BitShares UI worker continues advancing the wallet with ...

The BitShares UI worker continues advancing the wallet with new and exciting BitShares features and functionality.… https://t.co/UYd0AsJQwe

a year ago

DPOS Blockchains: Is Decentralization At Stake?

Delegated proof-of-stake (DPOS) is a consensus mechanism in which coinholders stake their coins with large node operators (aka delegates, witnesses, or block producers). Instead of mining, coinholders elect delegates to create blocks and provide computing power. This is less energy-intensive than proof-of-work schemes, and allows much higher transaction throughput than other blockchains. DPOS was created by Dan Larimer, who introduced the system via Bitshares, Steemit, and EOS. Many other platforms also use DPOS as well, including Lisk, TRON, Tezos, and ARK. But although DPOS has become popular, it has also attracted plenty of controversy from critics who say it’s too centralized. Is that a real issue? Let’s take a deeper look. How Many Node Operators Does DPOS Give Power To? The most basic concern comes from the fact that most DPOS-based blockchains put power into the hands of just a few delegates. EOS, for example, has just 21 active delegates (or “block producers”) at any time. However, other blockchains have more delegates. Here are the numbers at a glance: Number of delegated block producers for various DPOS chains. Tezos stands out because it uses a variant of DPOS called liquid proof-of-stake. The number of delegates (or “bakers”) who are active on Tezos is always in flux. In practice, Tezos has had more than 400 bakers at times, and about 100-150 are active each day—but the protocol can support even more bakers if needed. Additionally, some blockchains use a “hierarchical” variant of DPOS, in which different parts of its blockchain network serve different roles. Vite, for example, has just 25 snapshot block producers at the top of its hierarchy. However, it can also support an unlimited number of consensus groups, which provides greater decentralization. How Widely Distributed Is Coinholder Voting? Now let’s look at how coinholders vote for delegates. In theory, some delegates might accumulate a lot of votes, but in practice, coinholders tend to vote more or less equally for each active block producer. For example, take EOS and TRON, where each delegate gets roughly equal support from coinholders: Vote distribution for EOS and TRON, based on data from TronScan and EOSAuthority. These charts only show votes for active delegates. If we were to include votes for standby delegates (aka candidates), voting would be even more widely distributed. That doesn’t mean that power would be more widely distributed, though - just that other delegates might gain power at different times. Is Bitcoin More Centralized Than DPOS? Bitcoin doesn’t rely on DPOS. It relies on mining, which is usually considered far less centralized than DPOS because each miner competes individually to create blocks. Bitcoin does not have large delegates, but miners usually combine their hash power in mining pools, which do gather power. In fact, mining pools have made Bitcoin mining very centralized at times. By some measures, Bitcoin is more centralized than EOS and other DPOS-based blockchains. Currently, about 12 pools dominate Bitcoin mining. Compare the distribution of Bitcoin hashpower among mining pools, against how EOS users have distributed their votes among block producers: Bitcoin mining hashrates by pool, based on data from Blockchain.com, vs votes for EOS block producers. Since 51% of hashing power can exert control over a network, it would only take four mining pools to collaborate in order to reverse a BTC transaction. Mining and DPOS work in different ways, so this is a very reductionist (but widely circulated) portrait of power consolidation. However, delegates and mining pools do have one thing in common: both types of entities wield influence. Users can, in either case, express their approval or disapproval — either by moving between pools, or by voting for other delegates. Is Proof-of-Stake More Decentralized Than DPOS? Proof-of-stake (POS) is an older consensus model that allows coinholders to stake their own holdings by locking up funds in a contract. Unlike DPOS, this is not done to support a delegate - instead, individual stakers are chosen to create new blocks. This selection process is usually weighted in favor of those with more at stake and/or the age of their stake. Proof-of-stake and DPOS both rely on economic incentives and penalties to prevent power from centralizing around wealthy entities. However, this is hard to visualize, and there are two areas in which staked wealth could be concentrated: staking pools and exchange-based custodial staking. That said, Emurgo has discussed the ways in which Cardano could prevent centralization among stake pools, and SFOX has speculated about the implications of exchange-based staking for Ethereum 2.0. In any case, proof-of-stake allows users to allocate their funds to large entities, but it still requires precautions against centralization. Is the Lightning Network More Centralized Than DPOS? One of the main advantages of DPOS is the fact that it prov

a year ago

How to buy EOS coin using a debit and credit card

What is EOS? EOS is a blockchain launched by Bitshares founder Dan Larimer on the 26th of June 2017 as an initial coin offering (ICO). The network is based on the blockchain of Ethereum. The key difference is that EOS is built to allow more speed and scalability on the network in order to automate processes in larger corporations. How to create an EOS wallet Sign up for a free Coindirect account and you will automatically get a free EOS online wallet . You can use your EOS wallet to buy, sell, store, send (withdraw) and receive (deposit) EOS. How to create an EOS address? Once you have signed up for a free Coindirect account all you need to do press the ‘Receive’ button to reveal your Coindirect EOS wallet address. How to buy EOS with a credit card Sign up for a free Coindirect account Find your EOS Wallet and click the ‘Buy’ button in your EOS Wallet. Select “New VISA Card (EUR)” or “New credit card (NGN)” if you are in Nigeria. Enter EUR value of EOS you want to purchase (more than the minimum limit) or the EOS amount you want to buy and then click ‘Preview Buy’ You will receive a quote, press ‘confirm’ before the timer runs out (counts down from 55 seconds) Type in your credit card details and pay You will be taken to a page to verify your transaction Finally, you will be redirected back to your Coindirect Wallet once the payment is successful How do I purchase EOS from my bank account? If you are in South Africa or in Europe in a SEPA country you can deposit ZAR and EUR into your Coindirect ZAR Wallet or Euro Wallet respectively. To fund your account you have to transfer money using bank transfers. To get the funding instructions so that your account is credited: Go to your ZAR/EUR wallet and click the “Fund now” button. Alternatively, click the Fund tab in your Coindirect wallet and click on “Transfer Now”. Select the bank to transfer to from the drop-down menu to get payment details and the reference you should use (highlighted in blue) Transfer the money from your bank account into the account shown on the screen then wait for the bank transfer to be processed (0-3 business days depending on the bank). Once the funds reflect in your ZAR wallet, go to your EOS wallet and click “Buy” and select “Wallet (ZAR)” or “Wallet (EUR)” as you payment method. Where can I sell my EOS? You can sell EOS from your Coindirect wallet by clicking the ‘Sell’ button in your EOS wallet. If you are in a SEPA region or South Africa. You can sell your EOS and instantly get money transferred to your Wallet (ZAR or EUR). If you are in another region with no local currency wallet. You can sell your EOS by creating a sell offer on the marketplace. You now know how to buy EOS instantly from almost anywhere in the world. Make sure to download the Coindirect App to trade EOS from the palm of your hands. Credit card limits Please note that Coindirect has limits for credit card purchases in place. Make sure that your account is verified so that your credit card purchase limits are increased. Currently, the limits for credit card purchases are: Unverified users - €175 - €500 Verified users - €890 - €1000 Earn Ripple If you introduce your friends to buy cryptocurrencies such as EOS, make sure you send a link through to the platform the Earn programme. If they sign up to Coindirect, both you and the friend will receive 5 XRP for free when they perform their first transaction. The post How to buy EOS coin using a debit and credit card appeared first on Coin Insider.

a year ago

@Annonser2 If you join our Discord (...

@Annonser2 If you join our Discord (https://t.co/gjAavrTbDf) you can use our bot to send some BTS to your account,… https://t.co/e7GXv0og3z

a year ago

CD Mid-Cap Index Inches Lower as Bitshares (BTS) Off 8.0%

The CryptoDaily 21 Leaders Cryptocurrency Index gained marginal ground to 54.11 on Sunday from 54.06 on Saturday, a 0.09% improvement. The 21 Leaders Index is down 2.43% over the past 7 days and is up 11.04% over the past 30 days. Chainlink (LINK) fell 6.6% to a market capitalisation of US$ 1.21 billion as traders booked profits following recent Coinbase and Coinbase Pro listing news. Cosmos (ATOM) came off 6.5% and Monero (XMR) declined 5.1%. The CryptoDaily Large-Cap Cryptocurrency Index inched higher to 37.69 on Sunday from 37.60 on Saturday, a 0.24% expansion. The Large-Cap Index is up +0.78% over the past 7 days and is up +16.94% over the past 30 days. BitTorrent (BTT) increased 1.5% to a market capitalisation of US$ 284.32 million as traders reacted to news that BitTorrent Speed will enable faster downloads and seeding for 100 million+ users in 139 countries. Basic Attention Token (BAT) improved by 0.5% while Decred (DCR) was off 8.4%. The CryptoDaily Mid-Cap Cryptocurrency Index slumped a little to 48.82 on Sunday from 48.95 on Saturday, a 0.26% reduction. The Mid-Cap Index is down 5.15% over the past 7 days and is off 2.18% over the past 30 days. Dent (DENT) led the decliners with a 15.6% fall to a market capitalisation of US$ 107.89 million. BitShares (BTS) depreciated 8.0% while Horizen (ZEN) improved by +0.5%. The CryptoDaily Small-Cap Cryptocurrency Index rallied to 2.89 on Sunday from 2.85 on Saturday, a 1.40% improvement. The Small-Cap Index is off 3.99% over the past 7 days and is off 3.99% over the past 30 days. Celer Network (CELR) reversed some recent gains and was off 8.7% to a market capitalisation of US$ 48.34 million. Storj (STORJ) contributed to gains with a +7.9% gain while Syscoin (SYS) led leggards with a 10.4% weakening.

a year ago

Less than a third of stablecoin projects are live, research shows

Only 30 per cent of announced stablecoin projects are live, with the rest in development or already closed, research from blockchain analytics firm Blockdata shows. A great majority of stablecoins—65 per cent—are backed off-chain, either by fiat currencies or commodities. With only 66 out of 226 stablecoins live, there are more than twice as many stablecoin projects still in the development phase—134 stablecoins have not been launched yet. Considering the number of stablecoins in the works, this year could see more new projects launch than ever before. While the best-faring ones are backed by U.S. dollar, 16 out of 24 failed projects were backed by gold. Blockdata believes the issue with commodity-based stablecoins that companies need to stockpile the commodity, for instance, gold, and be able to prove its existence. However, stockpiling itself can lead to price inflation and volatility, making the stablecoin less stable. Half of all active stablecoins have been developed on the Ethereum network, followed by Bitshares and Stellar. It may be because Ethereum allows for easy integration of a token so exchanges are not forced to create new infrastructure to add them.

a year ago

DynX is going live. DigiByte listed as base pair. DynX is f...

DynX is going live. DigiByte listed as base pair. DynX is finally ready to launch DynX platform in Bitshares mainn… https://t.co/byNVvFyRBP

a year ago

American Crypto Investors: Let’s Talk About Safe DEX

Americans need to focus on decentralized exchange liquidity, and they needed to do it yesterday. As we discussed yesterday, altcoin exchange options for American investors are dwindling; after Binance restricts Americans from its main platform on September 12th, we will very possibly see capital flight to Bitcoin, and fewer options for U.S. citizens to trade certain altcoins. Americans need peer-to-peer, decentralized, non-custodial and uncensorable exchanges that are interoperable and pool liquidity across platforms to meet their needs. Right now there are few options that exist with those qualities, and because of this, investor options will become extremely limited this fall. Americans aren’t the only ones impacted either. U.S. citizens account for 15% of the users on Binance, so worldwide altcoin liquidity will decrease as well. In our research, we found that decentralized exchange volumes are extremely fragmented for altcoin owners - which should be a cause for concern among American investors, as well as token holders in other jurisdictions looking to follow a similar regulatory path. What Are My Options? According to CoinMarketCap, the most liquid DEX’s across all pairs are: IDEX, Paradex, Kyber, Waves, Radar Relay, and Etherdelta. Projects like Switcheo and Nash hope to also fill this void as well with upcoming product launches. There are others - Altcoin.io, BitShares, Bisq, CryptoBridge - but few have particularly high liquidity. 0x (ZRX), an American company, is the market leader in trying to pool DEX liquidity across platforms on Ethereum, which is exactly what the industry needs across all blockchains. They’ve built an open protocol that allows developers to build their own decentralized exchanges (called “Relayers”), and all of those projects pool liquidity from the 0x network. Right now, the 0x network is rather illiquid (compared to centralized options), but all of these exchanges pose are alternatives to centralized exchanges for Americans moving forward. Source: 0x Tracker The combined traded volume of the top-7 0x relayers is just a fraction of the volume that top centralized exchanges see on a given day, but they serve as uncensorable options moving forward; hopefully the liquidity will increase, and users of all platforms will benefit. Source: CoinMarketCap Kyber (KNC) is a project with a similar mission that has been working alongside several 0x relayers. Kyber attempts to put cross-exchange liquidity on-chain for a faster trading experience, but their specific exchange only has pairs denominated in ETH. Active markets on Kyber exchange and their respective pair level volume In terms of centralized options for Americans, Bisq and Hodl Hodl both operate without requiring KYC for any of their customers. These exchanges have more liquidity than DEXs right now, but if history is any indication, they won’t last forever. As an investor looking beyond centralized options, you will likely look at with exchanges or relayers that have the specific pairings you’re looking for, and which are liquid for your coins. The options are fragmented; you might need to go to several exchanges to facilitate the trades you need. Right now, the best option is to look at the suite of exchanges that operate with Kyber and 0x that we listed above. The Nash decentralized exchange may change the landscape considerably when it finally launches to the public - it is part of a larger DeFi suite that has actually registered as a European security. The project’s website explains that their NEX token will not be offered to US investors, since it is a security; but its status as a compliant European entity could mean that it provides more liquidity than other solutions when it goes to market. Its browser extension has been installed over 50,000 times already. If you need additional liquidity right away, exchanges like IDEX, Waves and Radar Relay will be able to provide that immediately, even though they aren’t poised to share liquidity across platforms right now. The post American Crypto Investors: Let’s Talk About Safe DEX appeared first on Crypto Briefing.

a year ago

DEX, Explained

4. The distributed architecture of decentralized exchanges and full user control over their own funds entails a number of difficulties. Inability to restore access: For example, due to lack of a KYC process and the ability to cancel a transaction in the event of a broken passwords or loss of a private key, the user cannot recover his or her data and return the assets. Chargeback and refund procedures are incompatible with a distributed registry. Users who have committed an operation by mistake or have lost control over their keys are not able to recover their access. Small set of options: Many options for traders, such as stop loss, margin trading or lending, are not available for users of most DEXs. Since many decentralized exchanges are managed by smart contracts, cryptocurrencies that do not support interaction with smart contracts cannot bargain on them. Low liquidity: Decentralized exchanges usually have a much smaller pool of liquidity compared to centralized sites. Thus, while Bitshares DEX has a daily volume of 197 BTC, the same parameter in Binance reaches 227,123 BTC. Such a difference is caused by the fact that traders prefer centralized services, where the choice of instruments, currency pairs and orders themselves are much greater than on a DEX. As a result, the decentralized service falls into the so-called vicious circle — i.e., there are few users due to low liquidity, while the achievement of liquidity is impossible without a large number of traders. Scalability issues: An influx of a large number of people who wish to trade cryptocurrencies will almost inevitably cause a large load on the network and may cause delays, an increase in commissions and all other problems already familiar from stories with centralized exchanges. No support service: A decentralized exchange, by definition, cannot have a support service that can handle transactions or user accounts. When choosing such an exchange for trading digital money, the user is fully responsible for their funds and, in the event of losing a private key or sending a wrong transaction, they cannot apply for qualified assistance. The lack of advance support service also means that a dramatic increase in the number of user requests may lead to difficulties with scalability, and an operator response time may increase in the event of technical problems. Limited speed: Transactions take time to be checked and confirmed on a blockchain, and the processing time does not depend on the exchange, but on the miners. Since DEXs are less popular than their centralized analogues, users may face difficulty finding someone to match their buy or sell orders — or with making a deal at a good price. Buying or selling new currencies or those with low trading volumes can be even more difficult.

a year ago

Ethereum [ETH] is the Best Cryptocurrency Platform by Mass Adoption: DataLight Report

While Ethereum may appear to be a slow project in terms of platform development, the platform is actually better than those that appear to be making progress. The platform has been criticized for several reasons including its plans to migrate to a Proof-of-Stake Consensus mechanism. However, DataLight analysis of top smart contract and dapp deployment platforms shows Ethereum is actually the most popular by mass adoption for real use. The king of platforms? Ethereum currently has the highest number of tokens in its ecosystem by far. The number is at 1,193 based on DataLight data. The first runner up NEO has only 28 projects while Stellar and Wave have the third place with 24 projects each. Surprisingly, Tron which is seemingly more popular has only 2, even less than EOS which has 8 projects. However, Tron’s recently created BitTorrent token (BTT) and that of Everipedia are the biggest tokens on the networks. While Ethereum is the highest in terms of market capitalization among the platforms, they are closer to it compared to the ecosystem market cap. Ethereum has an ecosystem capitalization of $12.2 billion while Tron has $378 million and EOS has $26.9 million. Ethereum also supports notable cryptocurrencies. Most ERC-20 cryptocurrencies were initially built on the Ethereum blockchain, including Tron. Even as a network, Ethereum is a top performer far above Omnilayer, NEM, and Bitshares which cannot come close to it by market capitalization. Also Read: EOS DApp Analysis Finds 75% Bot-Generated Transactions; Do Tron and Ethereum Practice the Same? Future tendencies Ethereum was the first platform dedicated to building and deployment of smart contracts and dapps before others like Tron came up, so it is hardly surprising that it is far ahead. However, the future may turn out to be different as Tron is a potentially formidable competitor. So far, it has overtaken Ethereum in a number of transactions and sometimes dapps. Could it be that Tron in a few years time may compete with Ethereum fiercely for the top spot? The post Ethereum [ETH] is the Best Cryptocurrency Platform by Mass Adoption: DataLight Report appeared first on Coingape.

a year ago

K-Pop Fans Connect With Artists Thanks to Blockchain

As the popularity and worth of K-pop soar globally, K-pop fans will be happy to witness the launch of a blockchain-based fandom platform to connect them globally and help them communicate with the artists. As reported by BusinessKorea, social entertainment company snowM will roll out a demo version of the fan club social community platform, snowDAQ in July using the Luniverse blockchain platform operated by Lambda256, a subsidiary of Dunamu. K-pop is a big industry in Korea. Its undeniable popularity has paved its way as a globally recognized industry. The biggest win for K-pop was the mainstreaming of the popular band, BTS which has has a widespread impact on the western music industry. Many companies believe that blockchain technology could be used to further accelerate the growth of the industry. Park Seung-hun, CEO of snowM, hinted at the possibility of coming up with a token reward system for the fans based on their actions. He said: “Users of entertainment-based blockchain services are fans and fan clubs. We hope that the services will resolve inconveniences that they experience and receive the fair value of fandom activity.” This service comes as a boon for the overseas fans who try to buy the concert tickets and K-pop merchandise by replacing the current payment system PayPal, with a Blockchain-based remittance system. Z-Pop Dream is another blockchain-based startup built on Ethereum focused at recognition of budding talent and development of the artists. snowM is an entertainment company housing various other companies such as SM, SidusHQ, MBC, Bugs Music and Sony Pictures. The company already runs an incentivized social entertainment company, SnowMakers based on blockchain. SM entertainment was the top Korean entertainment company in 2018 with a sales revenue of USD 532 million. The advantages of blockchain technology have grabbed the attention of many South Korean start-ups. The government has showed support towards cryptocurrencies substantially instead of implementing outright bans as they did in the past. This has driven companies to make innovative changes utilizing the technology at their disposal. 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 K-Pop Fans Connect With Artists Thanks to Blockchain appeared first on BitcoinNews.com.

a year ago

From Steemit To Voice: Can EOS’ Dan Larimer Unseat Mark Zuckerberg?

Last week Block.one confirmed the launch of an EOS-based social network. Having purchased over $20 million worth of RAM prior to the announcement, pundits had already guessed the company was up to something big. The new social media platform, called Voice, will run on the updated EOSIO2. Dan Larimer, founder and CTO of Block.one, has plenty of experience with social media platforms. Larimer left BitShares to co-found Steemit, which many describe as Reddit on a blockchain. Steemit is no flop, but it’s also not a Facebook killer. Given Block.one’s sizeable war chest and influence in the industry, this may be Larimer’s chance to face off with Mark Zuckerberg. The Steem That Failed Steemit was an early success in the blockchain industry. After launching in mid-2016, the platform reached a million users within two years. Its success was largely based on its decentralized premise and the inability of anyone to censor content. The Steemit ecosystem works by rewarding popular content with Steem tokens. While there are no ads or personal data being sold to advertisers, there is a cost to use it. But in the crypto winter last year, Steemit and many other projects fell victim to tumbling prices. The platform was forced to lay off seventy percent of its staff, and has come nowhere near challenging the likes of Facebook. Steem use has been declining for the past year. Perhaps it never intended to do so. But if we are to judge social media platforms by user numbers, Steem’s success is starting to cool. It may have been an admirable first step for Dan Larimer, but with Voice soon to launch, he may end up cannibalizing his own baby. A Voice For The Disaffected Voice is likely to appeal to the same audience as Steemit: people tired of the models that work for the platform but not for the user. As Block.one’s CEO said: “The truth is, current social media platforms are designed to use their users,” “It’s the platform, not the user, that reaps the reward.”[/su-quote] Users can now sign up for beta testing. With an Apple-esque fanbase and slick product releases, EOS and Block.one have a formidable platform from which they can launch anything they like and have a decent chance at success. But what will success look like for Voice? Unseating Mark Zuckerberg Just as Facebook eyes the blockchain space, blockchain companies want in on the social scene. Basic Attention Token (BAT) and its accompanying Brave browser have demonstrated that internet services can work on a decentralized model, if properly executed. Facebook may be a terrible product, as decentralization advocates never fail to point out. It leaks data, it sells data, and it allows bad actors to utilize those data for their own political ends. As Block.one’s CEO said in a release: Block.one CEO Brendan Blumer“Our content. Our data. Our attention. These are all incredibly valuable things. But right now, it’s the platform, not the user, that reaps the reward. By design, they run by auctioning our information to advertisers, pocketing the profit, and flooding our feeds with hidden agendas dictated by the highest bidder. Voice changes that.” That sentiment rings true for Facebook and other data-sharing internet giants. But everyone still uses them. Facebook boasts almost two-and-a-half active billion monthly users, and Steemit can’t hold a candle even to smaller social platforms. By any metric, Facebook is an extraordinarily successful company. Does that make it undefeatable? MySpace executives would say it doesn’t. And if any blockchain can unseat Zuckerberg from the social media throne, EOS might be the one to do it. Larimer’s propensity to project-jump, however, will need to be tempered for that to happen. Beating Facebook at social media is not going to happen overnight, and staying the course will be just as important as providing a more user-friendly social media platform. The post From Steemit To Voice: Can EOS’ Dan Larimer Unseat Mark Zuckerberg? appeared first on Crypto Briefing.

a year ago

CLAM Market Crash Costs Poloniex’s Bitcoin Lenders 16.202% of Their Balance

Margin lending is a very risky business, regardless of which industry it is performed in. As far as cryptocurrency margin lending is concerned, things are bound to get interesting, albeit not always for the right reasons. Users who had active margin loans on Poloniex a while ago will see a 16.2% haircut. The reason is simple: the CLAM market collapsed for no real reason. Blame CLAM for Major Losses As explained by the Poloniex team on their blog, a very odd market trend affected CLAM. For those who are not familiar with this project, it is a token which was airdropped to Bitcoin holders quite some time ago. It is also one of the few currencies with active margin lending support on Poloniex, at least at that time. The popularity of this market should never be underestimated, as odd as that might sound. On May 26, it seems the CLAM market simply collapsed in rapid fashion. While bear trends in the altcoin sector are nothing new under the sun, this downward spike had a negative side effect. It caused a lot of margin loans to default As such, nearly 1,800 Bitcoin worth of margin lending funds have been ‘lost” due to this market incident. A very steep loss which will have to be compensated in one way or another. That is, as usual, much easier said than done. The Poloniex BTC Margin Lending Pool It has to be said, there is a lot more going on behind the scenes. Poloniex keeps a common BTC margin lending pool which is spread out across all different markets. As such, if a major market loss were to affect one of those markets - even if it is not Bitcoin itself - all users will have to pay the price for making up the difference. It is a very harsh and unpopular decision by the company, albeit margin lenders should always be aware of the risks they engage in. Because the CLAM market was not too liquid at the time, the automatic liquidations of margin positions were not triggered as normal. Additionally, a vast chunk of the lending pool was collateralized in CLAM, creating a double dip for borrowers. This also means some of Poloniex’ borrowers could never repay their loans, as their remaining balance would be vastly insufficient. The discrepancy creates a problem for everyone, in the eyes of the company. The 16.202% Haircut for Everyone Rather than addressing this loss with their own funds, Poloniex - owned by Circle - took an entirely different approach. As of yesterday, all active BTC loans were reduced by 16.202% accordingly. Everyone who defaulted on their loan had their account frozen. This position will not change until the user repays the outstanding loan. How they are supposed to do that, or whether Poloniex will effectively enforce this, is a different matter altogether. Granted, overcoming a 1,800 Bitcoin deficit is not an easy feat for any exchange or trading platform. Poloniex is no longer the popular platform it was a few years ago, albeit that should not serve as an excuse. While the company claims just 0.4% of all users are impacted by this decision, it is a decision which will undoubtedly create plenty of controversy moving forward. Having one’s balance reduced automatically for something that isn’t one’s own fault is very controversial, for obvious reasons. Taking the Necessary Countermeasures It is always interesting to see how exchanges decide to move on from these types of incidents. In the case of Poloniex, the current plan of action is to “pursue the defaulted borrowers and ensure they repay the loans”. Those recovered funds will then be used to repay affected lenders. A viable proposal which might prove a lot more difficult to put into action. After all, cryptocurrencies are a very different matter when it comes to incidents like these. Additionally, it seems Poloniex will effectively remove four margin trading markets. That includes CLAM, but also BitShares, Factom, and Maidsafe. Additionally, margin markets will be put under extra risk surveillance to automatically disable trading if needed. While both of these efforts are commendable, one could also wonder why additional measures were not taken in advance. After all, it was seemingly a matter of time until something along these lines took place. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. Image(s): Shutterstock.com The post CLAM Market Crash Costs Poloniex’s Bitcoin Lenders 16.202% of Their Balance appeared first on NullTX.

a year ago

Poloniex could leave itself open to legal threats by socializing 1,800 BTC loss

Legal questions hang over Poloniex, the cryptocurrency exchange, after a price crash in a little known alt coin forced the firm to liquidate the positions of traders on the platform. What happened On May 26, altcoin $CLAM collapsed more than two thirds of its value during the day, resulting in the margin lending pool incurring a 1,800 BTC, a more than $13 million USD loss in today's price of bitcoin. Now, Poloniex is tapping into 1,800 BTC from the principal of active BTC margin loans to cover the loss to the lending pool. In margin trading, exchanges and traders can lend crypto at an interest rate for borrowers to trade, hopefully at a gain. Users have to pay back what they are lent. When a borrower is unable to pay back the loan, they default, losing money they didn’t have to begin with. Some trading CLAM, a coin with low liquidity, began to default on their loans as the value of the coin dropped, making them unable to pay since their assets were now worth far less than when they borrowed. Worse, many of those who defaulted had used CLAM for collateral on the loans, the amount put up to safeguard against an extreme loss for the lender, like a deposit. Since the coin had reached such a low value, that collateral became nearly worthless as well. While Poloniex said it is uncommon for traders to use CLAM as collateral, non U.S. traders can do so with any asset available for lending. The number of defaults left the lending pool with 1800 BTC unrepaid by borrowers. To mitigate the loss, Poloniex “socialized” it among BTC margin traders. The exchange took 16.202% from the principal of all currently active BTC loans even those that weren’t active at the time of the crash. While only affecting 0.4% of Poloniex users, this still incurred the ire of some BTC margin traders. But more than that, it raised questions about how losses can be sustained by crypto exchanges. Can they do that? Poloniex said it spread the loss among BTC lenders because the exchange pools loans on margin to mitigate risk. "Because all BTC loans on Poloniex are lent in a common pool that is shared across all markets and borrowers, but we want to emphasize that we are pursuing defaulted borrowers to get them to repay the BTC they owe to lenders and exploring other ways to defray losses," said a company spokesperson. "As we recover funds, we will return them to affected lenders." In the U.S., socializing losses is illegal, but it's unclear what that means for the crypto economy since there hasn’t been a public case interpreting the problem. That could change if Poloniex’s U.S. based BTC lenders decide to take legal action, and legal sources say they probably will. “Any crypto exchange that socializes losses is begging for a lawsuit,” said David Silver, an attorney specializing in securities law. The Block did not find a clear term in Poloniex’s terms of service indicating a precedent for socializing a loss, and Poloniex did not directly respond to the question in an email interview, but said the 16% figure was proportional to the amount of losses in the lending pool. Regardless, Silver said it would be unlikely for a court to allow an exchange to socialize a loss even with a term of service stated. “I highly doubt any court would allow that to stand,” he said. Other steps taken An anonymous source told The Block Poloniex should have had more controls in place to monitor the liquidity of the asset, giving warning calls to traders if necessary. "If there was a liquidity squeeze on this type of asset they should have had better risk management controls," said the source. In response to the crash, Poloniex did more than give its BTC lending pool a haircut. All defaulted accounts have been frozen until the loans are repaid. "We are communicating with our customers about the steps we’re taking to pursue defaulted borrowers to get them to repay lenders and exploring other ways to help defray margin lender losses," said a company spokesperson. "We will continue to communicate with impacted lenders on the status of these efforts." It removed BTS, CLAM, FCT and MAID citing a lack of liquidity in these markets. A liquidity problem led to the CLAM crash, since traders couldn’t liquidate their positions fast enough to get out from under the falling value. Poloniex said it would continue to monitor the coins and could reinstate them in the future. The exchange has also added additional layers to monitor markets so it can disable problematic assets. It also plans to add more market protections to prevent price slippage and over-concentration, including the NICE/Actimize tool which was implemented on June 1.

a year ago

Poloniex leaves itself open to legal threats by socializing 1,800 BTC loss

Legal questions hang over Poloniex, the cryptocurrency exchange, after a price crash in a little known alt coin forced the firm to liquidate the positions of traders on the platform. What happened On May 26, altcoin $CLAM collapsed more than two thirds of its value during the day, resulting in the margin lending pool incurring a 1,800 BTC, a more than $13 million USD loss in today's price of bitcoin. Now, Poloniex is tapping into 1,800 BTC from the principal of active BTC margin loans to cover the loss to the lending pool. In margin trading, exchanges and traders can lend crypto at an interest rate for borrowers to trade, hopefully at a gain. Users have to pay back what they are lent. When a borrower is unable to pay back the loan, they default, losing money they didn’t have to begin with. Some trading CLAM, a coin with low liquidity, began to default on their loans as the value of the coin dropped, making them unable to pay since their assets were now worth far less than when they borrowed. Worse, many of those who defaulted had used CLAM for collateral on the loans, the amount put up to safeguard against an extreme loss for the lender, like a deposit. Since the coin had reached such a low value, that collateral became nearly worthless as well. While Poloniex said it is uncommon for traders to use CLAM as collateral, non U.S. traders can do so with any asset available for lending. The number of defaults left the lending pool with 1800 BTC unrepaid by borrowers. To mitigate the loss, Poloniex “socialized” it among BTC margin traders. The exchange took 16.202% from the principal of all currently active BTC loans even those that weren’t active at the time of the crash. While only affecting 0.4% of Poloniex users, this still incurred the ire of some BTC margin traders. But more than that, it raised questions about how losses can be sustained by crypto exchanges. Can they do that? Poloniex said it spread the loss among BTC lenders because the exchange pools loans on margin to mitigate risk. "Because all BTC loans on Poloniex are lent in a common pool that is shared across all markets and borrowers, but we want to emphasize that we are pursuing defaulted borrowers to get them to repay the BTC they owe to lenders and exploring other ways to defray losses," said a company spokesperson. "As we recover funds, we will return them to affected lenders." In the U.S., socializing losses is illegal, but it's unclear what that means for the crypto economy since there hasn’t been a public case interpreting the problem. That could change if Poloniex’s U.S. based BTC lenders decide to take legal action, and legal sources say they probably will. “Any crypto exchange that socializes losses is begging for a lawsuit,” said David Silver, an attorney specializing in securities law. The Block did not find a clear term in Poloniex’s terms of service indicating a precedent for socializing a loss, and Poloniex did not directly respond to the question in an email interview, but said the 16% figure was proportional to the amount of losses in the lending pool. Regardless, Silver said it would be unlikely for a court to allow an exchange to socialize a loss even with a term of service stated. “I highly doubt any court would allow that to stand,” he said. Other steps taken An anonymous source told The Block Poloniex should have had more controls in place to monitor the liquidity of the asset, giving warning calls to traders if necessary. "If there was a liquidity squeeze on this type of asset they should have had better risk management controls," said the source. In response to the crash, Poloniex did more than give its BTC lending pool a haircut. All defaulted accounts have been frozen until the loans are repaid. "We are communicating with our customers about the steps we’re taking to pursue defaulted borrowers to get them to repay lenders and exploring other ways to help defray margin lender losses," said a company spokesperson. "We will continue to communicate with impacted lenders on the status of these efforts." It removed BTS, CLAM, FCT and MAID citing a lack of liquidity in these markets. A liquidity problem led to the CLAM crash, since traders couldn’t liquidate their positions fast enough to get out from under the falling value. Poloniex said it would continue to monitor the coins and could reinstate them in the future. The exchange has also added additional layers to monitor markets so it can disable problematic assets. It also plans to add more market protections to prevent price slippage and over-concentration, including the NICE/Actimize tool which was implemented on June 1.

a year ago

The Land of the Free: Why Decentralization Matters in the Crypto Republic

On May 30, Tezos implemented the amendment Athens A, as the result of a voting process that involved its baker nodes (the Tezos equivalent of “miners”) from Feb. 28 to May 30. Although the actual relevance of the upgrade was quite small (see below), the Tezos community underlines that the test was a milestone. The smooth shift to Athens A indeed demonstrated the capability of Tezos to evolve without forking, thanks to the features of proposal/selection/voting/test/implementation this blockchain itself encompasses. On the very same day, another fast-growing young company backed by a cryptocurrency, Iota, announced an important step toward total decentralization, substituting its Coordinator mechanism with the new Coordicide tool. Coordicide will perform the same functions of its predecessor, ensuring transaction security and preventing double spending. However, the new protocol will allow the peculiar Iota block creation process to work in a fully decentralized and permissionless manner. The debate over what constitutes the most suitable approach to the exchange business and the declarations of some big companies about decentralized exchanges (DEX) — both for or against it — only add to the fact that the topic of decentralization is still a paramount concern as crypto involves more people and use cases. The evolution of cryptocurrencies as a business increases the amount of interest it generates. As in any business, this involves issues relating to power distribution. But such questions are difficult to answer in a simplistic way. Benevolent dictators Bitcoin (BTC) defines itself as a peer-to-peer (p2p) network, as per the title of its white paper; the new electronic cash would work in a trustless manner — the 2008’s foundation document states — thanks to the consensus of the honest nodes that “control a majority of CPU power.” The dream of money created by the people and for the people, freely circulating across the national borders, and untouchable by the rapacious economic monopolies was very appealing during the years following a dramatic financial crisis, which some may argue left the world suspicious toward governments and traditional financial actors. However, while Bitcoin evolved from being a “cypherpunk” plaything to a relevant business entity, many concerns about its actual decentralization and “internal democracy” arose. In autumn 2016, for instance, two researchers — De Filippi from Harvard University and Loveluck from Universite Paris-Saclay — published a paper that criticized the “highly centralized and undemocratic” technocratic approach to governance that, in their opinion, characterizes Bitcoin core developers. Defining the small number of individuals in charge to decide which changes shall be incorporated into Bitcoin as a sort of “benevolent dictator,” the two researchers noticed: “There exists, therefore, an obvious discrepancy between the libertarian vision of Bitcoin as a decentralised infrastructure that cannot be regulated by any third party institution, and the actual governance structure that dictates the technological development. While the (a)political dimension of the former has been praised or at least acknowledged by many, the latter has remained, for a long time, invisible to the public: the technical decisions to be taken by the Bitcoin developers were not presented as political decisions, and were therefore never debated as such.” Additionally, Vitalik Buterin and Ethereum’s core team were labeled with the same title of “dictator” as a consequence of the decision to alter the mainchain to refund the victims of the DAO hack on June 2016. The hack itself and the following debate between the supporters of Vitalik’s choice and the defenders of the inviolability of the blockchain stressed, as an article on Wired noticed then, how much human weaknesses were still influencing processes that, theoretically, are managed only by the impersonal rules of mathematics. A similar dispute emerged once again in 2018 about the vote on the Ethereum Improvement Proposal (EIP-999), which aimed to unfreeze 587 multisig wallets attacked during the July 2017 Parity hack. It is worth noting that the internal debates inside both the Bitcoin and Ethereum communities brought the first relevant cases of a direct democracy instrument being applied, which is allowed by the blockchain architecture itself. Even if the process of development and amendment of the core software remains the privilege of a qualified technical elite, all the nodes taking part in the network can veto a piece of code, refusing to upgrade and forking the blockchain. Therefore, every miner has voting rights that are equal to the hashing power and, if a new alternative blockchain is born, the free and democratic rules of the market would determine which is the more successful coin. This happened, for instance, in July 2016, when the integrity supporters divorced from the amended Ethereum mainchain, giving birth to Ethereum Classi

a year ago

What Is ARK? Introduction To ARK Ecosystem And Token

What Is ARK? The ARK crew plans to bring blockchain to the masses by building a sandbox DIY ecosystem of blockchain development. The ARK platform uses SmartBridges and listeners to connect blockchains and has built-in support for over a dozen alternative programming languages, including Python, Java, Swift iOS, and Ruby. Recently, it launched the ARK Deployer, a graphic tool to create your own blockchain in minutes. The ARK coin is used to fuel transactions on the platform. ARK launched in February 2017 with an infrastructure borrowed heavily from Lisk, Bitshares, and Crypti. It then launched a second version of the Ark Core blockchain in November 2018, with a revamped code base and many improvements to the system. While a lot of blockchain projects are open source, ARK takes it a step further by making the blockchain palatable for both developers and users. This all-in-one, turnkey solution is basically like an Adobe Dreamweaver for blockchain. Ethereum learned the hard way in hosting a dApp ecosystem that it creates dozens of competitors looking to take it out. ARK is going a different way, encouraging blockchain development, and giving everyone an instant blockchain-in-a-box that goes beyond the blockchain-as-a-service concept offered by marketplaces like Amazon Web Services and Microsoft Azure. ARK boils down to a smarter way to execute and market a decentralized app platform just like Ethereum, NEO, and others. But its accessibility may prove to overcome any obstacles in ARK’s way. Let’s start our examination of the ARK network with the ARK token, the platform’s native cryptocurrency coin. ARK Cryptocurrency Summary ARK currently has a circulating supply of 112,551,204 out of 141,865,466 ARK as of May 30, 2019. Its peak price so far was $10.62, which occurred on January 9, 2018. The ARK ICO occurred from November 7 through December 11, 2016. A total of 125,000,000 ARK tokens (75 percent of the total supply) were distributed to ICO investors at this time, raising $22,000,000. Of the remaining supply, 15 percent was retained by the founding team, 7 percent was reserved for the ARKShield program, 2 percent set aside for bounties, and 1 percent held in escrow. ARKShield acts as an investment firm to help fund ARK and blockchain development. The ARK token is mined using a Delegated Proof of Stake (DPoS) consensus. Node operators who wish to become forgers must pay 25 ARK to register in the node selection voting. Only the top 51 nodes are allowed to create blocks, and are awarded 2 ARK for every block forged, which occurs approximately every 8 seconds. Each ARK network block contains 150 transactions. ARK transaction costs are determined by a market rate set by delegates. As network traffic gets higher, so do transaction fees. Exchanging ARK tokens is easy, as it’s accepted on a wide variety of cryptocurrency exchanges. ARK trading markets include Binance, Bittrex, Upbit, OKEx, LiteBit.eu, and COSS. Nearly $1 million worth of ARK is traded on a daily basis. ARK trading pairs include BTC, ETH, TUSD, USDT, and fiat currencies like EUR and USD. The ARK Crew has official ARK wallets available for desktop, mobile, and web platforms, along with a paper wallet. Raiders of a Lost Art In every discipline, there’s a platform everybody knows they need a competency in. For photographers and designers, it’s Adobe’s creative suite. Recording musicians know Pro Tools, and bloggers are typically competent in WordPress. Blockchain doesn’t really have that popular tool that’s penetrated the market for being powerful and intuitive. This is the gap ARK is hoping to fill, making blockchain development as easy as Dreamweaver makes web development. But how does it actually accomplish that goal? The first part is through building SmartBridges between the ARK blockchain and other traditional, distributed, and decentralized networks. This makes it easy to connect to blockchains like Ethereum, payment networks like SWIFT, game networks like Steam, and any other proprietary connection. The second part is the Deployer, a GUI-based tool to launch a custom blockchain based on Ark’s technology and DPoS consensus model. Because most heavy lifting happens offchain, the ARK network doesn’t get bogged down, making it more scalable than Bitcoin. Hoping to reduce attack susceptibility, ARK Core features two versions of the node software: Relay nodes - These are API nodes meant to gather data from outside the network, similar to oracles. Forging nodes - These are the mining nodes that process transactions. The ARK SDK supports over a dozen programming languages, including: .NET C C++ Elixer Go Java Kotlin Nucleid PHP/Laravel Python RPC Ruby Rust Swift iOS TypeScript API Pretty much any developer can use the ARK platform to develop their own dApp, just like on the Ethereum blockchain. However, many popular Ethereum-based projects eventually migrated either to their own chains or another dApp ecosystem like NEO. Understanding this, ARK dev

a year ago

China Releases New Crypto Rankings

China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request New Rankings From China The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 12th update of its crypto project rankings Thursday. The number of projects evaluated was unchanged from the previous rankings published in March. The center also announced that starting this month the rankings will be adjusted every two months instead of monthly. In addition to the overall ranking, the CCID published three others based on basic technology, applicability, and creativity sub-categories. EOS tops the list overall, followed by Tron, and Ethereum. The center started ranking Tron in February, debuting at number two overall and has remained at that position ever since. BTC now ranks 12th, up three places from the 15th place in the previous ranking. BCH has also improved, currently occupying the 29th spot overall, up from the 31st place previously. “The results show that the world’s three major Dapp platforms — EOS, Tron, and Ethereum — remain ranked in the top three, [and] the scores are 148.5, 144.1 and 136.6,” the CCID wrote. The center describes itself as “a first-class scientific research institution directly under the administration of the Ministry of Industry and Information Technology of China.” The first crypto ranking was released in May last year. The assessment is carried out by the CCID (Qingdao) blockchain research institute, an entity established by the CCID, in collaboration with multiple organizations such as the CCID think tank and the China Software Evaluation Center. “The result of this assessment will allow the CCID group to provide better technical consulting services for government agencies, business enterprises, research institutes, and technology developers,” the center previously explained. Sub-Rankings The overall ranking is based on the total index scores of 35 crypto projects. The total index of each crypto project is the weighted average of its three sub-indices: the basic technology index, the applicability index, and the creativity index. The basic technology sub-index accounts for 64% of the total index, while the applicability sub-index accounts for 20% and the creativity index 16%. “The basic technology sub-index mainly assesses the level of technical realization of the public chain,” the center described, adding that the key areas evaluated under this category “include the function, performance, safety and decentralization of the public chain.” The top five crypto projects in this category are EOS, Tron, Steem, Bitshares, and Gxchain. The creativity sub-index “focuses on continuous innovation in the public chain, including developer size, code updates, and code impact,” the center detailed. In this category, the top five crypto projects are Bitcoin, Ethereum, Lisk, EOS and Tron. The applicability sub-index “mainly evaluates the comprehensive level of public chain support for practical applications,” the center continued. “The assessment includes four aspects: node deployment, wallet application, development support and application implementation.” For this category, the top five crypto projects are Ethereum, Neo, Nebulas, Tron, and Ontology, which are unchanged from the previous ranking for this sub-category. “However, the data shows that the applicability indices of only 11 of the 35 public chains have increased, and the overall index has declined compared to the previous period,” the CCID noted. What do you think of these rankings? Let us know in the comments section below. Images courtesy of Shutterstock and the CCID. Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won! The post China Releases New Crypto Rankings appeared first on Bitcoin News.

a year ago

Achieving Consensus, Building Trust: Spark Blockchain Successfully hosted 2019 Blockchain Social Night NYC | Post Consensus

NEW YORK CITY, USA (May 22, 2019) — For the second consecutive year, top blockchain incubator Spark Blockchain in the US has partnered with Blockchain Week NYC, and successfully hosted 2019 Blockchain Social Night NYC | Post Consensus on the night of May 13th, 2019. The event is co-hosted by Krypital Group, GXChain, PIEXGO, and CollinStar Capital. Industrial leaders and experts in blockchain gathered together at the luxurious afterparty and continued to discuss the trendy topics on Consensus 2019. 2019 Blockchain Social Night NYC also had strategic partnerships with Genesis Group, BitShares, Future Money, Galaxy Digital, Corneal, Jinse Finance, Corneal The post Achieving Consensus, Building Trust: Spark Blockchain Successfully hosted 2019 Blockchain Social Night NYC | Post Consensus appeared first on CCN

a year ago

Bytom Hosts a Digital Assets Conference in New York Blockchain Week and Announces the Launch of 2019 Bytom Global Dev Competition

Coinspeaker Bytom Hosts a Digital Assets Conference in New York Blockchain Week and Announces the Launch of 2019 Bytom Global Dev CompetitionNew York, May 14th - Bytom announces its launch of 2019 Bytom Global Dev Competition in the Programmable Economy and Digital Assets Conference, one event of New York Blockchain Week hosted by Bytom.Following the 2018 Bytom global dev competition held in Hangzhou China, Bytom will continue the competition this year and the 2019 Bytom Global Dev Competition’s final will be held in San Francisco this September. This dev competition aims at finding more technology talents, strengthening Bytom’s development capability as well as enhancing Bytom’s sustainable open-source ecosystem. Six winning projects will share a prize pool of 65,000 USD equivalent BTM tokens.Duan Xinxing, Founder and CEO of Bytom announced this news in the Programmable Economy and Digital Assets Conference hosted by Bytom in New York on May 14th. He also illustrated Bytom’s current use cases, open source movement and 2019 development roadmap.Bytom’s overseas operation manager Zoe Peng showcased Bytom’s community building efforts and past events including hackathons, bounty programs and dev challenges. The fist-prize winner of 2018 Bytom Global Dev Competition, Bytomswap team also gave a presentation. Anil Kumar, CEO of Bytomswap, introduced how Bytomswap realizes the decentralized swap between multiple cryptocurrencies on Bytom blockchain.At the Programmable Economy and Digital Assets Conference, David Segura, Chief Operating Officer of Carbon; Mike Chen, CEO of Block72; George Cao, Co-Founder & CEO of BitMax.io and Victor T. Samuel, CEO of NV Global Ventures, discussed about the adoption of blockchain in finance industry and asset tokenization in a panel discussion.In another panel discussion about public blockchains, Duan Xinxing, Founder and CEO of Bytom; Jason Qiao, Chief Ecosystem Officer of PlatON and Ryan R. Fox, Development Coordinator of BitShares, shared their opinions on the competition of public blockchains and different consensus algorithms.Before the Programmable Economy and Digital Assets Conference in New York, Bytom also host a meetup at Kennedy School of Harvard University in Boston on May 11st. Before the final of 2019 Bytom Global Dev Competition in early September, Bytom will host a series of meetups or hackathons in several cities, such as Seattle, San Francisco and Los Angeles. Registration for participating in the 2019 Bytom Global Dev Competition has been open.Bytom Hosts a Digital Assets Conference in New York Blockchain Week and Announces the Launch of 2019 Bytom Global Dev Competition

a year ago

A new UI updates for the BitShares wallet is being implement...

A new UI updates for the BitShares wallet is being implemented currently and will bring the mobile functionality wi… https://t.co/fNzd2ELFU5

a year ago

Block Crypto Expo 2019 is coming to São Paulo, Brazil in July 16th-17th!

BlockCrypto is here to stay. The biggest crypto-economy and blockchain event in Brazil has gathered over 800 people, 16 exhibitors and sponsors, 30h of content and 50 speakers. The conference was a major success and has received overwhelmingly positive reviews. In 2019, Blockcrypto Expo will be even bigger and more relevant to the market. The event will be held on the 16th and 17th of July at the Fecomercio de Eventos Center in São Paulo and more than 50 speakers from Brazil and abroad will participate in workshops, hackathons, live stream, mentorships, live trading, networking activities, 30 exhibitors and sponsors from Brazil and abroad, numerous press channels and media partners, lounge areas, business matchmaking , happy hour, entertainment e much more! In this edition, we will approach many subjects such as blockchain technology, governance, ETF, bitcoin, Ethereum, the future of ICOs, STOs, altcoins, crypto economy, investments, trading, laws and regulations, mining, OTC and more. Some well-known names in the national and international scene have already been confirmed such as: Rodrigo Cohen - Crypto Engineer & Trader Gustavo Machado Gonzalez - Comissão de Valores Mobiliários Director Helena Margarido - lawyer, SuM Law partner and crypto enthusiast Fernando Mauro Barrueco - lawyer and BOMESP founder Solange Gueiros - blockchain developer teacher and speaker Richard Rytenband - CEO at Holding Times and Convex Research Eduardo Guimarães - lawyer at Miguel Lins Advogados Associados Stan Larimer - Bitshares and Cryptonomex CEO Michael Taggart-Quintric Director. The event will be very dynamic, with space for interaction between the speaker and the public during a presentation, not to mention the practical workshops, meaning there will be plenty of moments for questions/answers and chances to learn about the most important and recent blockchain related subjects in depth. Join the most visionary leaders, economy pioneers, investors, entrepreneurs and enthusiasts from Brazil and the world in discussing the future of the new financial and technological era in the second edition of Blockcrypto. Service: BlockCrypto Expo Days: 16h and 17h of July 2019 Location: Centro Fecomercio de Eventos - R. Dr. Plínio Barreto, 285 - Bela Vista, São Paulo - SP Information Social Media: @blockcryptobr [Instagram / Facebook / Linkedin / Twitter / Youtube] The post Block Crypto Expo 2019 is coming to São Paulo, Brazil in July 16th-17th! appeared first on AMBCrypto.

a year ago

News about BridgeCoin, support, listing fee reduction, Bitsh...

News about BridgeCoin, support, listing fee reduction, Bitshares and terms of service you can find in last week's d… https://t.co/Mze6HeJ3S3

a year ago

@BitShares (aka BTS) is the official token that shares its n...

@BitShares (aka BTS) is the official token that shares its name with the blockchain and all fees on CryptoBridge pa… https://t.co/7MYfQOgiHw

a year ago

BTSCOIN

BTSCOIN Airdrop is worth 100 BTSC tokens (~$ 10). About BTSCOIN The BTS Platform is a new platform for culture and arts ecosystem platforms targeting the entire entertainment industry such as music, movies, and TV shows. The BTS provides a platform that can be applied to various cultural arts fields, allowing anyone in the world to participate in the culture and arts industry transparently, wholesome, and easily. Would you like to receive the latest free Airdrop Alerts? Join our Telegram or Twitter. WHY UNVERIFIED? No traffic to the site. General lacking on info. Socials Media Channels created a couple of days ago. Team info is inadequate. Advisors are not associated with BTSCOIN on LinkedIn Profile.

a year ago

Bitcoin Cash and Bitcoin SV fall prey to massive shorts

Poloniex released a short report on traders’ trend on the exchange for three cryptos namely, Bitcoin Cash [BCH], Bitcoin SV [BSV], and Ethereum Classic [ETC]. The blog released by Poloniex stated, “Now Poloniex customers can trade on margin (all with BTC as the base pair and at 2.5 times leverage) the following: EOS, ATOM, BCHABC, BCHSV, ETC, XRP, ETH, XMR, STR, FCT, LTC, BTS, DOGE, DASH, MAID, and CLAM.” The blog further stated that the recent surge in trading was ignited by the feud between Craig Wright and the crypto community, prompting many exchanges to follow Binance’s lead in delisting BSV. Additionally, the blog stated that users took the opportunity to overwhelmingly short BSV. Furthermore, the blog added, “It’s unclear what’s driving people to short Bitcoin Cash. See the results below, all with BTC as a base pair, for the percentage of long vs. short positions as of April 24, 2019.” Additionally, the blog posted a chart that showed the correlation between the short and long for Bitcoin Cash, Bitcoin SV, and Ethereum Classic. Source: Twitter | Poloniex The chart showed that ETC was largely longed, while the same didn’t apply to BCH and BSV. Bitcoin Cash was tremendously shorted in comparison to Bitcoin SV, the chart indicated. A Twitter user, @daudi_mitchell, commented, “Interesting that folks are shorting BCHABC, by all means short BCHSV to ground... Probably we can see some trading opportunities in BCHABC and BCHSV For some reason, I keep getting sign out everytime i log in to Poloniex, its annoying, probably you can look into it” The post Bitcoin Cash and Bitcoin SV fall prey to massive shorts appeared first on AMBCrypto.

a year ago

PR: USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets

Bitcoin Press Release: USDX Wallet has completed an integration with ExMarkets - the first crypto exchange that will list the company’s core coin, an LHT. April 23rd, 2019, Frankfurt, Germany - USDX Wallet is a mobile-first instant transfers solution powered by blockchain technology. It targets crypto holders, allowing individuals to send and receive funds quickly and fee-free. It also covers the needs of an unbanked audience, and those who don’t want to pay commissions within traditional money transfer mobile apps. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. The native blockchain used by the USDX Wallet is based on the BitShares protocol and allows 100,000 transactions per second. USDX and LHT Tokenomics The payment system has two cryptocurrencies at its core: USDX token and LHT coin. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT. The total supply of LHT is 1 billion coins. LHT coins will be released gradually to the market; only 10% of the LHT supply will be issued each year, of which 5% will be freely tradeable and 5% will be locked on the blockchain to provide 200% collateralization. Recent Developments USDX Wallet has not held any private sales or presales, as it has received a sufficiently large venture investment. Future profits of the project will come from business account fees. From December 2018 to January 2019, there was an airdrop that attracted tens of thousands of participants. At the moment, USDX Wallet has surpassed 50,000 verified accounts. For the last several months the team behind the app have been implementing integration with crypto exchanges. The first platform to list LHT will be ExMarkets exchange, with two more exchanges to come. On Exmarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH). About Exmarkets ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad. Recently, ExMarkets was granted two operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of the few certified players in the market. Also, ExMarkets supports EUR (SEPA transfers) deposits to the cryptocurrency exchange and is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity. It takes only a few minutes to set up an account; users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, and tokens. ________________________________ For more information on USDX Wallet, visit https://usdx.cash. The free USDX Wallet app is available on Google Play and the App Store. Follow USDX Wallet on Medium, Twitter, Facebook and Telegram. ExMarkets platform https://www.exmarkets.com/. Media Contact Details Contact Name: Maria Lobanova Contact Email: mlobanova@usdx.cash Partnership Request Details Contact Email: partners@usdx.cash USDX Wallet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of stable value, or of any value at all. 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: The post PR: USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets appeared first on BitcoinNews.com.

a year ago

USDX Wallet Announces Collaboration with First Crypto Exchange Exmarkets

USDX Wallet announced the successful alliance with ExMarkets, in a historic move that will result in the listing of the company’s core coin, LHT. USDX Wallet prides itself as a mobile-first instant transfers solution that is powered by blockchain technology. Its main aim is to create a seamless and stress-free atmosphere for its users, the wallet targets crypto holders, allowing individuals to send and receive funds quickly with little or no fee involved. The crypto wallet also covers the needs of an unbanked audience and those who don’t want to pay commissions within the fiat money transfer mobile applications. Guaranteed Multi-Level Security The security features of the new USDX wallet is one of its talking points. It guarantees multi-level security for all transactions and also an immediate transfer of assets by either QR Code, username or mobile phone number. Its native blockchain is based on BitShares protocol and allows 100,000 transactions per second. The Payment System The payment system on the USDX Wallet has two basic cryptocurrencies at its core; they are the USDX token and the LHT Coin. The USDX token is a stablecoin pegged to the dollar at 1.1 ratios via a smart contract. The USDX is collateralized by the system’s core cryptocurrency, LHT. The LHT coin will not be released to the market all at once, but gradually, only 10% is expected to be issued per year, while half of it will be tradable, the other half will be locked on the blockchain to promote 200% collateralization. Sales Development Due to its large venture investments, USDX has not held any private sales or presales, at least for now. Future profits of the project will come from business account fees. The Airdrop that attracted thousands of participants from December 2018 to January 2019 signifies a very good outing for USDX, as the wallet now has well over 50,000 verified accounts. Integration with crypto exchanges is one of the main objectives of USDX wallet and the first platform to align themselves with them is ExMarkets, while other exchanges are also eager to team up with the wallet. On ExMarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH). More on ExMarkets ExMarkets is a unique digital asset exchange platform that is powered by a state of the art trading engine developed in-house. ExMarkets provides a wide range of opportunities to users, as they can trade the most popular cryptocurrencies, while also gaining access to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) Launchpad. For more information, https://usdx.cash The free USDX Wallet application is available on GooglePlay and the AppStore. Learn more about ExMarket on https://www.exmarkets.com/ Media Contact Contact Name- Maria Lobanova Contact Email- mlobanova@usdx.cash Partnership Request Details- Contact Email- partners@usdx.cash The post USDX Wallet Announces Collaboration with First Crypto Exchange Exmarkets appeared first on ZyCrypto.

a year ago

Five Years in the Making, Bisq Exchange Launches Its Bitcoin DAO

Decentralized autonomous organizations (DAOs) are one of crypto's more novel and ambitious applications — one that Bitcoin, until recently, has had nothing to do with.In practice, they're a bit younger than Bitcoin forks and older than smart contract-focused blockchains. The idea is that you can devise a decentralized governance system using the blockchain's cryptographic controls — rule of code, so to speak. Using tokenomics and technical schemes, the DAO affects certain laws over its participants, incentivizes them to play by the rules and encourages the community to hold itself accountable.Dan Larimer's BitShares, with its delegated proof-of-stake consensus mechanism, was the first DAO, followed by Dash. Since these trailblazers went live, DAO endeavors have become dominated by the Ethereum ecosystem, including, most notably, the eponymous and disastrous The DAO — best known for forfeiting millions in ether to the void after an incompetent coder unwittingly deleted a wallet library — and Maker, among others.Perhaps because of Bitcoin’s limited scripting language and, conversely, Ethereum’s rich scripting language, Ethereum has been the frontrunner for popular DAOs in recent memory, while one has never launched on the Bitcoin blockchain.Until now, that is.Bisq Gets an UpgradeBisq, one of the Bitcoin community’s only truly decentralized exchanges, introduced version 1.0 of its software this week. Along with other ancillary upgrades, the release dropped a bombshell by furnishing Bitcoin with its first DAO.“Bisq's DAO, launched on Monday, April 15, is (to my knowledge) the only attempt of its kind to decentralize a project's management and funding to the extent it does,” Steve Jain, a Bisq contributor, told Bitcoin Magazine.With its intention to migrate toward distributed governance, Bisq will strive for an even greater degree of decentralization than it already features. Its software operates on Tor, and each user must run their own separate instance of the program (akin to running a node on a much smaller scale) to access the exchange, making it completely peer-to-peer.The privacy-minded exchange offers a rare, KYC-resistant fiat ramp for bitcoin trading, allowing users to facilitate fiat exchange with payment apps, bank wires and even hard cash swaps, like LocalBitcoins offers. With each trade, bitcoin is locked away in multi-signature contracts, requiring arbitrators to resolve any conflicts should a dispute arise in a trade.Jain said that this version upgrade was a long time coming.“The DAO was intended to be a part of Bisq from the day it was first conceived in 2014,” he revealed, adding that this launch has been in the works for five years — meaning that its development predates even the infamous Ethereum DAO. Now that it’s live, he believes that the program has realized an even truer version of itself, one that separates it from the pack.“From this standpoint, Bisq is a totally different beast —in terms of software and governance — than any other exchange,” he claimed.How the DAO WorksBisq’s governance will revolve around a token, but speculators need not apply — the project isn’t launching an ICO. Instead, each BSQ token will be minted through a process known as coloring.Colored coins, so-called because they are distinguished from regular coins on the blockchain, are simply satoshis marked for a specific use case. To create tokens for Bisq, for example, users submit satoshis to the DAO, which are then “painted over” to represent BSQ. These tokens give users the ability to participate in the Bisq DAO.This participation can take many forms. For traders on the platform, BSQ will give them trading discounts, not unlike BNB coin for Binance users, but this token’s use case is more dynamic than that. Contributors, for instance, can submit a compensation request to the network for payment in BSQ after finishing a project for the DAO. The community then votes on whether or not compensation should be awarded, and the developer submits satoshis to mint the colored BSQ tokens.More than just developers, DAO contributors could be designers, support staff, social media managers or writers. These contributors can also stake BSQ in a bond to fill a high-trust position in the DAO, like a back end engineer, copywriter or social media representative. If these de facto employees are caught slacking off or acting up, the community can confiscate their stakes as punishment.“It's a dynamic system of stakeholders acting in their own best interests ... And notably, there are no gatekeepers to manage it all,” Jain said. “BSQ is bought on the open market, and it's issued by collective stakeholder voting. Personal vendettas, bank tantrums, government policies, company rules ... none of these things can get in the way of someone doing work and getting paid for it.”To start, 3,657,480 BSQ has been minted to compensate a team of more than 200 contributors for their five years of labor to get Bisq and its nascent DAO up and run

a year ago

Five Years in the Making, Bisq Exchange Launches Its Bitcoins DAO

Decentralized autonomous organizations (DAOs) are one of crypto's more novel and ambitious applications — one that Bitcoin, until recently, has had nothing to do with.In practice, they're a bit younger than Bitcoin forks and older than smart contract-focused blockchains. The idea is that you can devise a decentralized governance system using the blockchain's cryptographic controls — rule of code, so to speak. Using tokenomics and technical schemes, the DAO affects certain laws over its participants, incentivizes them to play by the rules and encourages the community to hold itself accountable.Dan Larimer's BitShares, with its delegated proof-of-stake consensus mechanism, was the first DAO, followed by Dash. Since these trailblazers went live, DAO endeavors have become dominated by the Ethereum ecosystem, including, most notably, the eponymous and disastrous The DAO — best known for forfeiting millions in ether to the void after an incompetent coder unwittingly deleted a wallet library — and Maker, among others.Perhaps because of Bitcoin’s limited scripting language and, conversely, Ethereum’s rich scripting language, Ethereum has been the frontrunner for popular DAOs in recent memory, while one has never launched on the Bitcoin blockchain.Until now, that is.Bisq Gets an UpgradeBisq, one of the Bitcoin community’s only truly decentralized exchanges, introduced version 1.0 of its software this week. Along with other ancillary upgrades, the release dropped a bombshell by furnishing Bitcoin with its first DAO.“Bisq's DAO, launched on Monday, April 15, is (to my knowledge) the only attempt of its kind to decentralize a project's management and funding to the extent it does,” Steve Jain, a Bisq contributor, told Bitcoin Magazine.With its intention to migrate toward distributed governance, Bisq will strive for an even greater degree of decentralization than it already features. Its software operates on Tor, and each user must run their own separate instance of the program (akin to running a node on a much smaller scale) to access the exchange, making it completely peer-to-peer.The privacy-minded exchange offers a rare, KYC-resistant fiat ramp for bitcoin trading, allowing users to facilitate fiat exchange with payment apps, bank wires and even hard cash swaps, like LocalBitcoins offers. With each trade, bitcoin is locked away in multi-signature contracts, requiring arbitrators to resolve any conflicts should a dispute arise in a trade.Jain said that this version upgrade was a long time coming.“The DAO was intended to be a part of Bisq from the day it was first conceived in 2014,” he revealed, adding that this launch has been in the works for five years — meaning that its development predates even the infamous Ethereum DAO. Now that it’s live, he believes that the program has realized an even truer version of itself, one that separates it from the pack.“From this standpoint, Bisq is a totally different beast —in terms of software and governance — than any other exchange,” he claimed.How the DAO WorksBisq’s governance will revolve around a token, but speculators need not apply — the project isn’t launching an ICO. Instead, each BSQ token will be minted through a process known as coloring.Colored coins, so-called because they are distinguished from regular coins on the blockchain, are simply satoshis marked for a specific use case. To create tokens for Bisq, for example, users submit satoshis to the DAO, which are then “painted over” to represent BSQ. These tokens give users the ability to participate in the Bisq DAO.This participation can take many forms. For traders on the platform, BSQ will give them trading discounts, not unlike BNB coin for Binance users, but this token’s use case is more dynamic than that. Contributors, for instance, can submit a compensation request to the network for payment in BSQ after finishing a project for the DAO. The community then votes on whether or not compensation should be awarded, and the developer submits satoshis to mint the colored BSQ tokens.More than just developers, DAO contributors could be designers, support staff, social media managers or writers. These contributors can also stake BSQ in a bond to fill a high-trust position in the DAO, like a back end engineer, copywriter or social media representative. If these de facto employees are caught slacking off or acting up, the community can confiscate their stakes as punishment.“It's a dynamic system of stakeholders acting in their own best interests ... And notably, there are no gatekeepers to manage it all,” Jain said. “BSQ is bought on the open market, and it's issued by collective stakeholder voting. Personal vendettas, bank tantrums, government policies, company rules ... none of these things can get in the way of someone doing work and getting paid for it.”To start, 3,657,480 BSQ has been minted to compensate a team of more than 200 contributors for their five years of labor to get Bisq and its nascent DAO up and run

a year ago

@mattjoubert It is cost prohibitive to do so as all operatio...

@mattjoubert It is cost prohibitive to do so as all operations on the BitShares blockchain require a fee. Imagine s… https://t.co/UsVaXERJeN

a year ago

The Top Performing Altcoins This Year so Far

With the first quarter of 2019 gone, here is a look at the top performing altcoins so far this year, taking into consideration Bitcoin’s bullish strides in the last week or so: Highest adoption rates: 1)EOS, 2)Tron, 3)BitShares, 4)WAX Research from Weiss Crypto Rating shows these four altcoins have experienced the highest adoption rates in the last year, proving most sustainable throughout the predominantly bear market time period. EOS transactions ranked top of the list, the volume increasing from 7,000 per day to about 4.6 million. Tron boasted an increase from around 3,000 to 1.9 million in this time, while BitShares boasted a gain totaling nearly 1.5 million. WAX, with the fourth largest transaction increase, claimed a total of 4.4 million. Overall, the top 10 cryptocurrencies by transaction volume had an average daily volume increase of 245% within the last year. Weiss’s calculations were based on a seven-day moving average of daily figures. Highest value increase since the Bitcoin pump The cryptocurrency market has finally made a rebound thanks to Bitcoin’s bull run, hitting highs not experienced in over a year. Taking with it many of the altcoins, here are the top performers from the top 100 by market cap: 1) VestChain - 95.02% If you have not heard of VestChain before, that is not surprising; it holds the 98th position on CoinMarketCap. However, since the most recent Bitcoin boom the project has been showing real potential, gaining a huge 95.02% in just the last few weeks 2) Bitcoin Cash - 89.66% Unsurprisingly, Bitcoin’s recent performance has given investors renewed faith in Bitcoin Cash also, with the altcoin gaining 60% in the 24-hour market rally alone. 3) IOST - 66.19% On top of the benefits brought from Bitcoin’s performance, IOST has been enjoying a pump triggered by the launch of its mainnet several weeks ago. 4) Dogecoin - 63.77% After a non-eventful start to the year, Dogecoin has turned it around, climbing over 60% thanks to the bullish market. Tesla founder Elon Musk has also thrown his support behind the token, describing it as ”pretty cool” and probably his favorite cryptocurrency. Altcoins separate from Bitcoin’s movements Despite Bitcoin pulling up altcoin performance in the last few weeks, new research has shown that the prices are no longer as correlated as they once were. In 2018, 75 percent of the top 200 coins had a strong correlation with Bitcoin, something comparatively lower this year. This is a good thing for those with or looking to gain diversified portfolios as uncorrelated investments frequently cancel each other out. This could affect the performance of altcoins throughout the year, with stronger projects likely to be able to make significant gains even if Bitcoin loses momentum. The research notes, however, that correlations change with time so it is important to keep an eye on the ongoing market trends. 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: BitcoinNews.com The post The Top Performing Altcoins This Year so Far appeared first on BitcoinNews.com.

a year ago

These 4 Cryptocurrencies Saw The Most ‘Adoption’ in 2018

Weiss Crypto Ratings says despite the 2018 bear market, there was a considerable uptick in the usage of altcoins. The rating agency says this trend points to the increasing level of cryptocurrency adoption for many users across the globe. Cryptocurrency Sees Transactions Soar in 2018 According to a blog post published by the agency on Wednesday (April 10, 2019), four altcoin projects saw massive growth in user adoption throughout 2018. Meanwhile, at the time, market prices were plummeting by an average of 80 percent across the board. EOS transaction volume grew from 7,000 per day to about 4.6 million per day between February 2018 and March 2019. Tron, also saw its own count increase from 3,000 to 1.9 million during the same period. The other two cryptocurrency projects identified by Weiss Ratings - BitShares and WAX, saw their numbers grow to 1.1 million and 4.4 million transactions per day, respectively. In total, these four altcoin projects experienced a 2,700 percent increase in daily transaction count, growing from 433,000 transactions in February 2018 to more than 12.4 million as at March 2019. According to Weiss Ratings, this increased adoption in the face of bear market conditions parallels the trend observed during the dot-com era. The agency expects that developments in the technology will lead to a greater cryptocurrency adoption in the near future. Not All Transactions Are Equal However, it is important to note that high transaction count doesn’t necessarily equate to meaningful value transfer. Moreover, transacting on the aforementioned top-four blockchains, in particular, costs very little. Therefore, it may be a poor metric to gauge mass adoption as most of this activity may not actually be economic in nature and/or performed by real users. EOS’s daily transaction count, for example, outstrips Bitcoin by as much as 14 times. However, Bitcoin value transferred dwarfs every other existing blockchain. Earlier this week, cryptocurrency analyst Ceteris Paribus highlighted that while Bitcoin processes 20 times more USD transactions that EOS despite having only about seven percent of the latter’s transaction count. Additionally, Bitcoin’s metrics do not include second-layer transactions via the Lightning Network. Transaction counts get a lot of hype, but what kind of value is actually being moved on chain? For example:Bitcoin processes <7% the amount of daily transactions as EOS yet moves 20x the USD. pic.twitter.com/dgGHgE4rKQ — Ceteris Paribus (@ceterispar1bus) April 10, 2019 Weiss Ratings does acknowledge this fact, saying: Of course, not all transactions are qualitatively the same. A $10 million Bitcoin transfer is obviously more important than a simple vote or ‘like’ on Steem. According to Weiss Ratings, other essential metrics like security, network capacity, and developer activity have also increased over the last 12 months. Coupled with the lower prices, the agency believes that altcoins are on their way to gaining greater traction in the finance and technology industries. As reported by Bitcoinist, an online Twitter poll by the International Monetary Fund (IMF) revealed that many people Bitcoin and other cryptos will become mainstream within the next five years. What are your earliest forecast for Bitcoin and other cryptos becoming mainstream? Share your thoughts with us in the comments below. Images via Weiss Crypto Ratings and Twitter (@ceterispar1bus) The post These 4 Cryptocurrencies Saw The Most ‘Adoption’ in 2018 appeared first on Bitcoinist.com.

a year ago


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