BitShares BTS

$0.0374
Market Cap $ 100.247 MM (#44)
24h Volume $ 2.249 MM
Chg. 24h: -5.47%
Algo. score 4.1/5  (#32)
Show Quick Stats

BitShares News

BitShares is completely open source. It is constantly being ...

BitShares is completely open source. It is constantly being improved with BitShares Improvement proposals (BSIPs) y… https://t.co/82X8OxWp6F

8 hours ago

Achieving distributed consensus using DPoS (delegated proof-of-stake)

Delegated proof-of-stake (DPoS) is a type of consensus protocol used to secure a cryptocurrency platform’s network. Developers of BitShares – an open-source, public blockchain-powered “real-time financial platform”- describe their version of DPoS as a distributed consensus algorithm that aims to “solve the problems of both Bitcoin’s traditional proof-of-work (PoW) system, and the...

2 days ago

The latest BitShares wallet is hosted at ...

The latest BitShares wallet is hosted at https://t.co/IdFhRTUSAv but did you know you can get a sneak peak at upcom… https://t.co/wEItRE536F

11 days ago

Being a BitShares investor involves voting. If you hold BTS ...

Being a BitShares investor involves voting. If you hold BTS vote for committee members, witnesses and worker propos… https://t.co/EsXumXiMET

16 days ago

@MarkTomkins6 @binance It is cost prohibitive, all operation...

@MarkTomkins6 @binance It is cost prohibitive, all operations on the BitShares blockchain require a fee. Imagine sp… https://t.co/DKKAHk5wls

16 days ago

@Bitcoinator777 @nova_exchange 2/2 ..there is a strong incen...

@Bitcoinator777 @nova_exchange 2/2 ..there is a strong incentive to convert your coins to the BTS asset. There is n… https://t.co/eQGC8IGA1r

22 days ago

EOS Remains at the Top of China’s Latest Crypto Rankings

Yesterday, China published its updated Global Public Blockchain Technology Assessment Index (GPBTAI). Per the study, EOS is still the best crypto with the highest score of 156.1 points followed by Ethereum in the second place with 136.4. The 3rd-10th positions were taken by GXChain, Komodo, Ontology, NULS, Nebulas, BitShares, NEO, and Steem respectively. Bitcoin is ranked 18th with a score of 96.1 whereas ETC is ranked 15th with 97.9. These rankings were based on innovation, applicability, and technology. (KE)

22 days ago

BitUSD Trades Below Dollar Peg after Global Settlement Event

The algorithmic stablecoin using BitShares as collateral broke its dollar peg in December.

a month ago

BitUSD is far Removed from its USD Peg

Data from CoinMarketCap shows that BitUSD is currently worth 30% less than $1 and it appears that the ‘dollar-pegged’ stablecoin lacks sufficient liquidity to issue more tokens. This means that at the moment, BitUSD holders can only redeem the stablecoin at $0.70 on the U.S. dollar. On December 4 a BitShares user under the name “bitsharesbagholder” wrote a post on BitShares official forum where he expressed concerns about BitUSD being “dead” as their inability to issue new tokens interferes with BitUSD value. BitUSD holders are now left with the option of holding the stablecoin until the market significantly improves or taking a larger loss by selling at current prices. (RS)

a month ago

BitUSD Divorces Wildly From $1 Target

According to recent market data, bitUSD, an elder stablecoin with a similar design and functionality to the Dai, is currently worth 30% less than the dollar it is intended to be worth. The way the design of BitShares, the platform on which BitUSD is issued, works is that if the network lacks liquidity for the

a month ago

Why are they Calling 2019 “the Stablecoin Year”?

2018 was a tough year for everyone in crypto - the bear market took away a good chunk from the crypto portfolio and many coins lost more than 90% of their initial value. Source: https://coinmarketcap.com/ Nobody likes to lose money, which is why stablecoins recently surged in popularity. A lot of new stablecoins were issued, with a lot more to come, and it’s possible that 2019 will be the year of stablecoins. Stablecoins allow people to escape the instability of the market to the safety of asset-backed cryptocurrencies. But there’s a problem with stablecoins: many of them are backed by the dollar, and we are possibly standing on the verge of another great recession and major economic downturn. Nobody knows what will happen in 2019. Is it safe to rely on fiat-backed stablecoins? Read on if you want to know! Stablecoins: the pros and cons All stablecoins can be divided into three categories: Fiat-backed stablecoins - The most common collateral here is USD and each token (usually it’s a ERC20 token) is backed with 1 currency unit, stored in the bank accounts of the issuer. Distributed stablecoins - These tokens aim to achieve the stability of the US dollar by mathematical algorithms, using collateral stored in the system and keeping enough physical assets to back all issued stablecoins. Stablecoins backed by precious metals - Each token is collateralized by a specific amount of gold or silver. The first stablecoin was launched in July 2014 on the BitShares platform. It was called BitUSD and collateralized by pools of the platform’s native cryptocurrency, called BitShares, so it can be classified as a stablecoin. It didn’t become popular and the algorithm for price pegging was weak - based only on the assumption that market participants would buy and sell all tokens below and above the $1 price until it reaches the peg. The next one was Tether. Tether was issued on October 6, 2014, and was initially named “Realcoin”, before officially announcing the rebrand as ‘Tether’ when it opened for private beta. It was assumed that every USDT token is backed by one dollar. However, in April 2017 Tether was cut off from all its banking services by Wells Fargo, and since then there has been no clear evidence that its funds are backed by anything. Until that date, it was unknown where its funds were stored and no audit was provided. Since then, it has issued 2 billion new USDT tokens and only in October had they found a new banking partner, Deltec Bank. So it’s again about trust, not about transparency. Source: https://coinmarketcap.com/ The more recent examples of stablecoins issued in 2018 include Gemini USD (GUSD), TrueUSD (TUSD), and USDC (a stablecoin by Circle). All of them are backed by audited funds, thus investors can be sure that all tokens will maintain their peg and be fully redeemed upon request. There is only one problem: are they more stable than the US dollar that backs them, and what will happen if the fiat system became unstable? Fiat problems The US dollar has been considered a stable currency for decades. The US controls the world’s reserve currency, the dollar, that is used in 51.9% of all international trades, essentially backing up the whole world’s economy. The US economy is the strongest one with the highest GDP of $19.5 trillion in 2017. When anyone needs dollars for trading, the US can print more of them. That’s why they can grow the government debt by issuing new treasury bonds - and everyone is happy to buy them. Furthermore, investors have abandoned the stock market in favor of US bonds after the recent rate increase. So, whatever happens, the US dollar is protected more than any other commodity in almost all cases. Except for one. Source: https://tradingeconomics.com/united-states/interest-rate The debt that started growing in 1970s, and exceeded $21 trillion in 2018, is a very worrisome state of affairs. It’s nearly equal to the USA’s annual GDP, and it continues to grow by $1 trillion every year. Experts don’t think it will ever be paid off. The government isn’t ready to slow down economic growth in favor of paying off debts. But the economy is already showing signs of slowing down. The markets are also tumbling down. There are chances that this will evolve into a terrible recession, and it’s even possible that the next crisis will happen in 2019. Sooner or later, the US will have to deal will their enormous debt. What will be the consequences and what impact will it have on fiat and fiat-backed stablecoins? No one knows, simply because there is too much uncertainty around the subject. There are two chain of events that could happen: There will be a strong recession with falling stocks and failing crypto portfolios. Bitcoin and stocks are heavily correlated, so when stocks begin to crash, Bitcoin and other cryptocurrencies also won’t do great, because investors pull out money from risky assets. It’s not that easy to pull money out of crypto: you have to wait a few days, even if your

a month ago

The killer app for blockchain is finance. This is what the B...

The killer app for blockchain is finance. This is what the BitShares blockchain is optimised for. Atomic exchange,… https://t.co/Tr16ZDBmIi

a month ago

@Badgertista There is an issue with the max supply and how t...

@Badgertista There is an issue with the max supply and how that factors into the way it is configured on the BTS ne… https://t.co/y3Oef8S26X

a month ago

Every operation on the BitShares blockchain costs a tiny amo...

Every operation on the BitShares blockchain costs a tiny amount of BTS. This prevents spam and generates revenue. T… https://t.co/aVDxu9k7IY

a month ago

EOS Jilted: Larimer Wants To Date Other Cryptos

Repeat after me: Daniel Larimer is not abandoning EOSIO or Block.one. Right, investors didn’t buy it either, with the price of the once rock-star cryptocurrency EOS having plummeted 21% since the serial entrepreneur announced he would be exploring the creation of a new cryptocurrency, only months after the launch of the EOS mainnet. The damage has been done, and investors want to know if this time it is too late to be reversed. Nonetheless, the EOS community feels scorned amid murmurings of yet another cryptocurrency, and you can’t really blame them. Larimer has left a wake of shrinking projects as measured both by staff and value. He launched BitShares in 2013/2014, only to leave that project for decentralized blogging platform Steemit, where he served as the CTO until last year. Steemit just announced massive layoffs of 70% of its staff, and Larimer is distancing himself from his former project, saying on Telegram that he was “pushed out” and that they “failed to deploy” his “roadmap.” For its part, the EOS mainnet remains a “community project,” not “our project,” which of course would lessen the sting of moving on. As imperfect a measure as market cap may be, the decline in EOS’ value is a reflection of investors fleeing the No. 6 cryptocurrency for seemingly greener pastures, or at least a flight to safety. Larimer, meanwhile, recently declared that decentralization wasn’t a top priority of EOS. Nonetheless, the personality behind the brand, in this case, Larimer, has long been an influencing factor on investor flows on Wall Street, and human psychology is no different in crypto land. Source: CoinMarketCap In realizing that he must have opened a Pandora’s box, Larimer has since taken to Medium in an attempt to quell any fears about his dedication to Block.one, saying that “it’s hard for me to brainstorm with the community the way I have in the past without occasional unintended consequences.” But he also defended “bouncing around new thoughts and ideas with the community,” saying: I believe these sidesteps of thought are byproducts of an effective iterative development process when working towards delivering new revolutionary products and capabilities. Kanye West of Crypto? Larimer’s disclosure to explore the creation of a new Bitcoin-like cryptocurrency has inspired the ire of the community, and perhaps rightfully so. But there are those in the community who basically shrug their shoulders and remind themselves that you can’t change a zebra’s stripes, and Larimer is just doing what eclectic entrepreneurs do. Take Elon Musk, who was at the helm of both SolarCity and Tesla before combining those companies and recasting the former as Tesla Energy. Musk is also behind The Boring Company, which is building underground tunnels in high-traffic cities, not to mention SpaceX, which is which has missions to Mars in its sights. The Larimer/Musk comparison isn’t too much of a stretch considering the Virginia Tech computer science alum is seemingly working on time travel. But as one Reddit member pointed out, Larimer knows how to make money, as evidenced by the $4 billion blockbuster Block.one ICO. Indeed, the recipe for a successful project involves “money and people,” as Larimer has stated. But what Larimer should avoid is becoming the Kanye West of crypto, no offense to Ye. After the rapper approached tech leaders for $1 billion to fund his projects, a crowdfunding page was launched so that the “greatest living artist and greatest artist of all time” could maintain his lavish lifestyle. Although the crowdfunding page was launched by someone else as a joke, it still reeks of narcissism. To be fair, Larimer isn’t taking it to that extreme, but you get the point. As for the water-cooler talk, Larimer’s imaginary token is reportedly dubbed MonerEOS. Source: Telegram Unfortunately, Larimer is providing about as much detail on the status of MonerEOS as he is about his future career path, saying on Telegram: “I will leave EOS sometime between now and when I die.” Maybe he could use a visit from Jacob Marley to see how it’s all going to pan out. The author is not invested in any digital currencies mentioned in this article but holds investments in other cryptocurrencies. The post EOS Jilted: Larimer Wants To Date Other Cryptos appeared first on Crypto Briefing.

a month ago

Altcoins Price Analysis: Dan Larimer Project Hopping Ruffling for EOS Investors

Overly, market participants are apprehensive and after 11 months of straight losses, traders are cautious to commit until clear bull signals print. Stellar Lumens look likely to expand thanks to rejection of lower lows below 15 cents. Meanwhile, the uncertainty around EOSIO and Dan could fuel losses towards $1.5. At the same time, Monero support from Ledger Nano S might buoy prices slowing down losses. Let’s have a look at these charts: EOS Price Analysis Dan Larimer is at it again. Less than one year at EOSIO, he now plans of creating a Bitcoin alternative after identifying some “trade-offs”. While he is clear that he won’t leave his position as CTO at Block One, the EOS market is unsettled. EOS mainnet didn’t even make it a year before Dan decided to go work on something else... which umm sounds a lot like Bitcoin... yes that’s Bitcoin... we already have that. pic.twitter.com/NhxOLNCZmv — Andrew (@cyber_hokie) November 29, 2018 Larimer is a known innovator and with Steemit, Bitshares and EOS under his belt, community members worried that he might hope to a new project and down his tools at EOS. Their fears have been realized and some are angered by his messages. This project hoping and potential “withdrawal” could end up jeopardizing the project, hurting EOS prices and Dan’s reputation as well. Back to price action and sellers are pressing the sell pedal. At spot prices, EOS is down four percent the last day and could bleed more in line with our past EOS/USD trade plan. Everything else constant, it will be extremely hard for us to recommend longs unless otherwise—and as emphasized before when buyers pulled a quick one—there are price spikes above $4—our immediate resistance level. From candlestick alignment, it is likely that prices shall drop towards our first targets at $1.5 before recovering towards $4 once BTC prices stabilize. Litecoin Price Analysis Atlas AF which describes itself as a “well financed, free, borderless and transparent technology company with offices in the US” now supports Litecoin. But even with that, LTC is still down six percent in the last day and struggling against sellers keen on reversing Nov 28 gains. Though it appears as if buyers are back in contention, a top down approach bins buyers optimism and even if they do, then we must see gains above $35-$40 immediate resistance zone before risk off, aggressive type of traders pour in with targets at $50. Read: What Does Floyd Mayweather’s Crypto ICO Settlement with the SEC Imply? From the way price action is set, patience should underpin our trade plan aware that losses below $30 would trigger the next wave of sells with first targets at $20 or less. Stellar Lumens Price Analysis Now that ZCash is available at CoinBase, the community is split. It’s going to be a race and depending on whether XLM or ADA—both coins are in the top 10, we expect the speculation to buoy prices. At the moment, XLM/USD is flat and down 15 percent in the last week. The fact that prices are also back within a 15 cents consolidation thanks to Nov 28 gains mean bears of Nov 19 are null, reverting our overall plan to neutral. Also Read: Report: Banks Are More Vulnerable to Terrorist Financing Than Crypto As laid out before, the only time we shall recommend buys is when Stellar Lumens buyers pump prices above 25 cents and 30 cents resistance levels. For now, none of our trade conditions are live. Therefore, we shall advocate for patience. Tron Price Analysis Gaming and decentralization seem to go hand in hand. Tron is a network keen on creating this decentralized blockchain based world entertainment system. Therefore the launch of Tron Arcade and the release of a $100 million fund spread over three years will go a long way in empowering platform developers. Learn more about the project here https://t.co/KuvZVEPaRK — TRON Foundation (@Tronfoundation) November 29, 2018 According to Justin Sun—the co-founder of Tron who has never hidden his admiration for games said Tron Arcade is shall play a crucial role in the future of Tron as it will help tackle some of the issues facing gaming—a multi-billion dollar industry. On to the charts and TRX is back to green on a weekly basis adding four percent. Though it is down seven percent in the last day, we might as well see gains above 1.5 cents mostly because of the long lower wick of Nov 30 bear bar. Unless there are strong gains above this resistance line, the TRX/USD will be technically bearish trading within a bear breakout pattern set in motion by Nov 19—20 bears. If today trend lower then we shall have a retest and most likely bears will resume driving prices towards Jan 24 lows in line with our previous TRX/USD price analysis. Monero Price Analysis Ledger Nano S now offer support for Monero (XMR). We are thrilled to welcome another top crypto asset to the Ledger platform with @monero . The Ledger Nano S is now compatible with the latest version of the Monero GUI wallet. Start securing your Monero with a Le

a month ago

Dan Larimer’s New Project “MonerEOS” Fails To Sway Crypto Investors

CoinSpeaker Dan Larimer’s New Project “MonerEOS” Fails To Sway Crypto Investors Dan Larimer, founder of the EOS blockchain network and CTO of Block. One, has recently failed in his new project dubbed MonerEOS. On Wednesday, November 28, Larimer made an announcement about his non-EOS project through his Telegram handle. There he affirmed that he is working on a completely new cryptocurrency project. Popularly known as BM in the developer circle, Larimer gave little information about the project and plans further for a “hypothetical token”. He said that the token would be “immutable, non-programmable, and limited to a currency role.” Larimer is also the co-founder of popular projects like DAO BitShares and Steemit. However, he had his own reasons to leave both these project. He left BitShares because the community didn’t want to proceed further with his vision. He left Steemit because there intractable problems there. Larimer said: “... starting over with new blockchains is not something I do lightly. I do it only when there are intractable problems with the underlying foundation.” Stumbling on the MonerEOS Project Larimer says that this idea of MonerEOS token clicked him while working on EOS’ scalability and security solutions. “In the process of working on EOSIO security and scalability I stumbled upon a new set of tradoffs for a potential crypto token and I have merely been exploring whether there is a market for those tradeoffs. EOSIO is the future of blockchain and each day our team at block one is making it faster, more secure, more scalable, and more flexible,” Larimer wrote on his Telegram channel. In another message, Larimer further wrote that this new hypothetical token would be non-programmable and immutable. Moreover, it would also limit itself to the role of cryptocurrency. He added that the token in no way would compromise larger use cases for the EOS applications. In another Telegram message on Thursday, Larmer gives the list of attributes for the MonerEOS token. Below are the 13 attributes which he mentions. 1. Complete privacy. No risk of future disclosure 2. User-created tokens 3. Potential for gambling apps 4. 2 trx per second per account 5. No staking or voting 6. 200ms confirmation and irreversible 7. Unknowable exact supply, estimates only. 8. Generally deflationary. 9. Require initial trusted setup 10. Not possible to detect breach in security until new supply enters market 11. Security would likely take nation state level resources to crack 12. No new crypto math 13. Tech foundation already used by governments for most secure infrastructure He also wrote that “Crypto people will hate it”. Recent Controversies Surrounding EOS EOS has recently received a huge criticism over its governance model. Moreover, the network fueled further controversy recently when reversed previously-confirmed transactions. Last month in October, Larimer also noted that EOS was not properly focused on providing decentralization. Earlier this month, a report questioned whether EOS was really a blockchain or just a distributed database? The report authors revealed several aspects of the EOS protocol, and comes to the conclusion that it suffers from serious security breaches as well as network performance that is significantly lower than what was claimed. It further notes: “EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated.” Dan Larimer’s New Project “MonerEOS” Fails To Sway Crypto Investors

a month ago

Exchanges’ Mass-Delisting of Tokens: A Precursor To The Next Bull Market?

With the price of Bitcoin hitting yearly lows, and many Altcoins now dipping far below their ICO price, it’s becoming clear that many cryptocurrencies will not survive this bear market. Because the ecosystem is so new, most of us are uncertain about what signs to look for to determine whether a crypto project is on its last legs. Price is an obvious indicator, but that can sometimes be deceiving. After all, if all the projects that lost 70-90% of their value in the past year were on their way out, then that would only leave about 3-5 projects in the entire space. A much clearer sign of a project’s demise is its delisting from major exchanges. Just today, OKEX announced that they would be delisting a third batch of trading pairs. The exchange stated that; “To create a robust trading environment and offer the best trading experience to our users, we will delist several TRADING PAIRS with weak liquidity and trading volume according to the OKEx Token Delisting / Hiding Guideline.” The affected tokens include Request Network (REQ), Raiden Network (RDN), Metal, (MTL), Iconomi (ICN) and around 30 more. Most of the tokens are paired with either ETH or BTC, while some are paired with USDT. The rising number of tokens being delisted should not surprise anyone. However, some of the names included in the list are still quite shocking, especially considering how highly tokens like REQ or RDN were held in regard just 6-8 months ago. What this reveals is that many promising projects are failing to not only meet the standards of investors but even the standards of the exchanges. Exchanges are businesses that literally profit from featuring as many tokens as possible (more token trading pairs equals more revenue earned from trading fees). Yet, the listed 30 or so tokens have performed so poorly, in matters of trading volume, that their presence on an exchange like OKEX is a net negative. According to OKEXs delisting guidelines, decisions to delist a token are based on the following criteria: Project and Team - making major changes in the team, product or business model without notifying OKEx in advance for auditing; or transferring or selling the project Token Trading - Increasing the total available supply of the token or splitting the token without notifying users and the exchange 15 days in advance Operations - Major deviations in information disclosure, deceiving users and the exchange Project Technology - The project development is not carried out in accordance with the timeline of the roadmap planned in the White Paper. Progress delays without explanation or announcement Security & Safety - Serious technical or safety issues found during Mainnet swap and refusing to pay a security deposit These criteria lead us to believe that the current batch of tokens being delisted had not only failed to meet expectations in terms of development, but may have also made big decisions without informing their community or the exchange, which would be a big breach of trust in the crypto space. Furthermore, regulatory issues may have created added pressure for exchanges to delist certain tokens that were clearly offering unregistered securities. Exchanges who have an interest in penetrating the US market would have to be especially cautious about the type of tokens they allow to be traded to avoid clashing with the SEC. OKEX is Not Alone In recent months, other exchanges, like Bittrex and Kucoin have also delisted tokens. In October, Bittrex delisted Bitshares, Bitcoin Gold and Bitcoin private. Kucoin announced that they were delisting 6 coins just 2 days ago (Raiden Network being amongst them). Lastly, Poloniex announced back in July that they would delist 9 coins. The reasons for delisting ranged from security issues (Bitcoin Gold experienced one of the largest 51% attacks in cryptocurrency history), difficulties runnings nodes (BTS), or simply limited trading volume. Predictably, all coins experienced a 20-80% decline when their delisting was announced. The Positive Aspect: Is this cleansing a precursor to the bull market? The bright side of OKEX removing these trading pairs from their exchange is that it increases the quality of tokens available for trading. OKEX is one of the largest exchanges in the world, and by setting strict quality standards, it displays a level of integrity on behalf of the exchange, and it also reduces the risk of retail investors being exposed to fraudulent projects. This is a great example of the crypto space maturing and taking responsibility for filtering out its weakest links and bad actors so that the SEC doesn’t have to. Ultimately, if more exchanges focus less on short-term revenue, and more on raising the quality standards of the tokens listed, we will establish a natural filtering process that allows only the strongest and most transparent projects to flourish during the next crypto bull run. The post Exchanges’ Mass-Delisting of Tokens: A Precursor To The Next Bull Market? appeared first on C

2 months ago

@Denize35835856 @NMarkImagery Bitshares is a blockchain, eve...

@Denize35835856 @NMarkImagery Bitshares is a blockchain, every operation requires a tiny fee. This is the reasonabl… https://t.co/AeQINohXsY

2 months ago

Why are they Calling 2019 “the Stablecoin Year”

2018 was a tough year for everyone in crypto - the bear market took away a good chunk from the crypto portfolio and many coins lost more than 90% of their initial value. Source: https://coinmarketcap.com/ Nobody likes to lose money, which is why stablecoins recently surged in popularity. A lot of new stablecoins were issued, with a lot more to come, and it’s possible that 2019 will be the year of stablecoins. Stablecoins allow people to escape the instability of the market to the safety of asset-backed cryptocurrencies. But there’s a problem with stablecoins: many of them are backed by the dollar, and we are possibly standing on the verge of another great recession and major economic downturn. Nobody knows what will happen in 2019. Is it safe to rely on fiat-backed stablecoins? Read on if you want to know! Stablecoins: the pros and cons All stablecoins can be divided into three categories: Fiat-backed stablecoins - The most common collateral here is USD and each token (usually it’s a ERC20 token) is backed with 1 currency unit, stored in the bank accounts of the issuer. Distributed stablecoins - These tokens aim to achieve the stability of the US dollar by mathematical algorithms, using collateral stored in the system and keeping enough physical assets to back all issued stablecoins. Stablecoins backed by precious metals - Each token is collateralized by a specific amount of gold or silver. The first stablecoin was launched in July 2014 on the BitShares platform. It was called BitUSD and collateralized by pools of the platform’s native cryptocurrency, called BitShares, so it can be classified as a stablecoin. It didn’t become popular and the algorithm for price pegging was weak - based only on the assumption that market participants would buy and sell all tokens below and above the $1 price until it reaches the peg. The next one was Tether. Tether was issued on October 6, 2014, and was initially named “Realcoin”, before officially announcing the rebrand as ‘Tether’ when it opened for private beta. It was assumed that every USDT token is backed by one dollar. However, in April 2017 Tether was cut off from all its banking services by Wells Fargo, and since then there has been no clear evidence that its funds are backed by anything. Until that date, it was unknown where its funds were stored and no audit was provided. Since then, it has issued 2 billion new USDT tokens and only in October had they found a new banking partner, Deltec Bank. So it’s again about trust, not about transparency. Source: https://coinmarketcap.com/ The more recent examples of stablecoins issued in 2018 include Gemini USD (GUSD), TrueUSD (TUSD), and USDC (a stablecoin by Circle). All of them are backed by audited funds, thus investors can be sure that all tokens will maintain their peg and be fully redeemed upon request. There is only one problem: are they more stable than the US dollar that backs them, and what will happen if the fiat system became unstable? Fiat problems The US dollar has been considered a stable currency for decades. The US controls the world’s reserve currency, the dollar, that is used in 51.9% of all international trades, essentially backing up the whole world’s economy. The US economy is the strongest one with the highest GDP of $19.5 trillion in 2017. When anyone needs dollars for trading, the US can print more of them. That’s why they can grow the government debt by issuing new treasury bonds - and everyone is happy to buy them. Furthermore, investors have abandoned the stock market in favor of US bonds after the recent rate increase. So, whatever happens, the US dollar is protected more than any other commodity in almost all cases. Except for one. Source: https://tradingeconomics.com/united-states/interest-rate The debt that started growing in 1970s, and exceeded $21 trillion in 2018, is a very worrisome state of affairs. It’s nearly equal to the USA’s annual GDP, and it continues to grow by $1 trillion every year. Experts don’t think it will ever be paid off. The government isn’t ready to slow down economic growth in favor of paying off debts. But the economy is already showing signs of slowing down. The markets are also tumbling down. There are chances that this will evolve into a terrible recession, and it’s even possible that the next crisis will happen in 2019. Sooner or later, the US will have to deal will their enormous debt. What will be the consequences and what impact will it have on fiat and fiat-backed stablecoins? No one knows, simply because there is too much uncertainty around the subject. There are two chain of events that could happen: There will be a strong recession with falling stocks and failing crypto portfolios. Bitcoin and stocks are heavily correlated, so when stocks begin to crash, Bitcoin and other cryptocurrencies also won’t do great, because investors pull out money from risky assets. It’s not that easy to pull money out of crypto: you have to wait a few days, even if your

2 months ago

There's been a few trade bots for BitShares but this one fro...

There's been a few trade bots for BitShares but this one from @rudex_bitshares is built in to the GUI itself. try… https://t.co/xkQEfKRfrC

2 months ago

Crypto Developer Activity on GitHub Ramps Up Despite Market Downdraft

Binance CEO Changpeng “CZ” Zhao is encouraged by the amount of developer activity on GitHub even in the midst of a bear market in crypto. He tweeted that there has been more activity than usual on GitHub, saying: “Despite the rough seas out there, builders are building." He pointed to new releases on GitHub today from the following projects: "EOSIO, Zcash, BitShares, Cardano, Nano [and] Bitcoin-ABC.” CZ added that he had no communication with these projects. (GT)

2 months ago

PR: Lightning Fast Stablecoin USDX Launches Token Sale

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Stablecoins have been a hot topic in 2018, and many different companies are creating cryptocurrencies for P2P payments. The USDX Wallet payment system stands out from these overly complicated and undeveloped projects by delivering rapid and secure transactions with the ease of sending a text. Whether you are depositing money, organizing international money transfers, paying salaries, or making non-cash transactions, this digital payment system is a secure and reliable choice. As a blockchain-based wallet, USDX Wallet guarantees multi-level security for all transactions and instant transfers of assets via a phone number. The native blockchain used by USDX is based on BitShares, and it allows 100,000 transactions per second. For reference, that is the speed of Visa and Mastercard — combined. Many of the pain points of crypto transfers are also solved by this innovative payment system, including cryptocurrency volatility, low transaction speeds, security issues related to private keys, and excessive fees, among many others. Available at Google Play and the App Store, this free app features smooth navigation and slick design, making it a pleasure to use. Face ID and Touch ID features will soon be available for the wallet, making authorization even faster and smoother. Ease of use is coupled with security of use as USDX Wallet employs strong encryption algorithms to protect users’ private keys, which are necessary to access funds. Another security layer is two-factor authentication (2FA) performed via SMS codes or push notifications (depending on user preference). As the Whitepaper states, all USDX services are based on AWS and the Google Cloud platforms, which foster scalability, maintainability, and the overall security of the system. Security and stability are of the utmost importance to USDX Wallet and its currency owners. 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, which refers to Lighthouse Blockchain Technology, the company behind the app. The total supply of LHT is 1B coins, which will be released gradually to the market. Only 5% of the supply will be issued in the first year, while another 5% will be locked on the blockchain to provide 200% collateralization. The benefit of withholding coins is encouraging confidence in LHT owners and potential owners that the value won’t suddenly evaporate if the market becomes flooded. These tokens are available for purchase during the token sale, going on from November 1 to December 31, or until all the allotted coins are sold from this first pool. There are no private sales or presales, and the project has already received venture investment. Developers have set the stage for exchanges integration, and the listing is planned for January 2019. Future profits will come from business account fees. USDX tokens could be purchased via the native app with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and a bunch of other altcoins. Significant bonuses can be earned for any purchases before the end of 2018. ● For a 35% bonus: Download the USDX Wallet app, register, and get 35% extra tokens on your first purchase. ● For a 25% bonus: Invite friends and get 25% back of their first purchase. ● For a 10% bonus: Get 10% more bonuses for second and all subsequent orders. Unlike so many other companies in the industry, USDX Wallet prioritizes effortless crypto transfers. This is a universal payment system for everyone, from newbies to crypto pros. If you’re looking for an easy and effective way to transfer your crypto assets, USDX Wallet may be exactly the solution you’ve been looking for. ABOUT LIGHTHOUSE Lighthouse Blockchain Technology GmbH is a company of entrepreneurs and blockchain professionals with a goal to boost innovations in digital economy. The team has an extensive experience in implementing complex tech-savvy solutions; team members are experts in finance, project management, app development, marketing and design. The company is built on the following principles: make people’s lives better and save their time, strive for innovation and build great products to make users happy. Lighthouse Blockchain Technology operates in the legal field and is ready to build relationships with governments and financial institutions. For partnership requests please email at partners@usdx.cash. Supporting Link https://usdx.cash/ This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss

2 months ago

USDX Wallet: a Solution for Effortless Crypto Transfers

CoinSpeaker USDX Wallet: a Solution for Effortless Crypto Transfers With the development of distributed ledger technology, blockchain-based wallets have gained a lot of traction, winning over 25+ million clients. Used to deposit money and make non-cash transactions, such wallets urge the creation of convenient solutions for crypto transactions. Stablecoins, which are becoming a real trend this year, make the need for such solution even stronger. USDX Wallet payment system seems to be an excellent one. USDX Wallet is a blockchain-based application that enables multi-level security of transactions and instant transfers of assets via a phone number. Providing a bank for those without one, it features global availability, multi-level security, and extreme convenience along with lightning-fast remittances. This payment system deals with such problems as volatility of cryptocurrencies, long and complicated wallet addresses, security issues related to storing and entering private keys. Excessive fees for small transactions, deceptive prices designated in cryptocurrencies, and low transaction speeds are also paid strong attention to. The native blockchain is based on BitShares, allowing 100,000 transactions per second. Fitted with a slick design and smooth navigation, USDX Wallet is already available at Google Play and App Store. The app provides a two-factor authentication (2FA) via SMS or push notifications for even more security. According to the whitepaper, all USDX services are based on AWS and the Google Cloud platforms, which foster scalability, maintainability, and the overall security of the system. Regular app updates are provided for both iOS and Android platforms. For example, developers plan to add Face ID and Touch ID features soon.. Cryptocurrencies Featured by USDX Wallet USDX Wallet features two cryptocurrencies, USDX token, and LHT coin. USDX is a price-stable token pegged to the US dollar at a 1:1 ratio via a smart contract, which controls its supply. Due to its stability, USDX is very useful as a means of payments and savings. It can’t be lost, stolen or damaged. USDX tokens can be purchased via the native app with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and a bunch of other altcoins. A core cryptocurrency and a collateral for the USDX is the Lighthouse coin, or LHT, which refers to Lighthouse Blockchain Technology, the company behind the app. The smart contract guarantees that each USDX token is collateralized with at least 200% worth of LHT. According to the developers, the combination of the LHT token and USDX stablecoin is boosting global cryptocurrency usage and increasing its safety. Token Sale The total amount of LHT coins is limited to 1 billion. The coins will be issued to the market gradually. In the first year, only 5% of LHT will be issued to the market. Another 5% will be locked on the blockchain to provide 200% collateralization. Withholding coins will ensure LHT owners that the value won’t suddenly evaporate if the market becomes flooded. The token sale has started on November, 1 and will last until December, 31, or until all the allotted coins are sold from this first pool. The project has already got venture investment, that’s why there are no private sales or presales. The listing is scheduled for January 2019. Until the end of 2018, buyers can get bonuses for any coin purchases. To get a 35% bonus, you need to download the USDX Wallet app, register, and get 35% extra tokens on your first purchase. For a 25% bonus, you have to invite friends. 10% more bonuses for second and all subsequent orders. Special offers are valid for 14 days after app installation. Official #TokenSale launch & USDX Wallet app release 1.11. Get a 35% bonus from your first USDX #stablecoin. Get more bonuses by inviting friends and receive 25% back of their first purchase. The app accepts BTC, ETH, EOS & other #altcoins https://t.co/skYq1izpLf pic.twitter.com/cmHED4dk4A — USDX Wallet (@USDXwallet) November 1, 2018 USDX Wallet is an excellent solution to conduct effortless crypto transfers. This payment system suits for everyone, from newbies to crypto pros. If you’re looking for an easy and effective way to transfer your crypto assets, USDX Wallet may be exactly the solution you’ve been looking for. USDX Wallet: a Solution for Effortless Crypto Transfers

2 months ago

Report: Censorship-Prone EOS ‘Needs to Re-Architect Its Infrastructure’

EOS, the $4 billion blockchain project developed by Dan Larimer, has been savaged in an exhaustive new review. The 17,000-word report, based on extensive laboratory testing, concludes that EOS’s real-world throughput isn’t much better than Ethereum’s and that its consensus algorithm doesn’t function properly. “In order to succeed as a base layer protocol, EOS needs to re-architect its infrastructure,” is the damning verdict. Also read: Cryptocurrency Memes: The Only Assets That Can Survive a Bear Market EOS Faces Its Sternest Test Yet The EOS team are accustomed to receiving criticism from haters and skeptics, but in Bitmex Research they’ve met their toughest critic yet. A sprawling report — authored by four experts with the assistance of Whiteblock Labs, which ran benchmarks using an EOS testnet — has delivered a string of indictments on the Delegated Proof of Stake (DPoS) blockchain. Every facet of the blockchain has been examined, tested and found to be wanting in several key areas. The report adds weight to the notion that in design, EOS more closely resembles a traditional cluster of servers such as Amazon Web Services than it does a decentralized blockchain, explaining: EOS is fundamentally similar to a centralized cloud computing architecture without the fundamental components of a blockchain or peer-to-peer network. EOS block producers are highly centralized and users can only access the network using block producers as intermediaries. Block producers are a single point of failure for the entire system. Things don’t get any better from there, as the comprehensive report details everything its authors found to be wrong with EOS. The blockchain’s DPoS consensus algorithm, based on a design Dan Larimer pioneered for previous projects Bitshares and Steemit, is meant to utilize Byzantine Fault Tolerance (BFT). But as the report chastens, “it is impossible for EOS to implement Byzantine Fault Tolerance. A true BFT system would not be susceptible to cartels forming in the system ... BFT consensus is theoretically impossible in EOS and the network should not be characterized as having any form of BFT.” The price of EOS dropped sharply when Bitmex Research published its report, then dropped again when the price of BTC fell to $5,300, dragging all crypto assets down with it. Block Producers Are the Gods of EOS Dan Larimer A lot of the criticism leveled against EOS to date has revolved around the extraordinary power held by its 21 block producers tasked with confirming transactions — or even reversing them in some cases. They’re also able to blacklist accounts, excluding them from the network. The Bitmex Research report does nothing to dispel these notions, writing: “There is no proper protocol that is setup to prevent block producers from colluding to maintain their role as block producers. This further proves the high level of centralization that exists in the EOS network and the tremendous power these block producers possess.” During testing, the authors also found at least one “severe vulnerability” due to the fact that block producers aren’t obliged to reveal the code they’re running, which serves to reinforce the belief that “the overall network does not have a viable consensus algorithm as the underlying infrastructure of the network is not configured as a blockchain, rather a network of non transparent data centers.” No Faster Than Ethereum EOS: Ethereum killer or smoke and mirrors? In addition to having its consensus algorithm and cartel-like hierarchy critiqued, one of EOS’s greatest claims — to be faster than other blockchains — is also shot down. “During tests with real world conditions ... performance dropped below 50 TPS putting the system in close proximity to the performance that exists in Ethereum,” noted the report. It also asserted that “it is clear that the EOS network is censorable,” before summarizing that “for EOS to be able to successfully act as a foundational base layer protocol, it needs to re-architect a significant portion of its infrastructure.” To date, no Proof-of-Stake blockchain has come close to offering the level of security provided by Proof-of-Work chains such as Bitcoin. Short of a complete redesign, EOS looks unlikely to buck that trend. The report’s authors believe they may have found one use case for Dan Larimer’s project however: “EOS can potentially act as a side chain appended to other more foundationally secure networks, though the system would need to be rebuilt.” What are your thoughts on Bitmex Research’s EOS report? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Report: Censorship-Prone EOS ‘Needs to Re-Architect Its Infrastructure’ appeared first on Bitcoin News.

2 months ago

Maxine Ryan the cofounder of @BitsparkLtd @SparkDEXdotio dis...

Maxine Ryan the cofounder of @BitsparkLtd @SparkDEXdotio discusses her business model that runs on the Bitshares pr… https://t.co/yB5ax8y0sg

2 months ago

EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions

A screenshot circulating on social media has revealed a decentralized blockchain protocol EOS practicing authority over its network. AUTI9003, a pseudonym on Reddit, posted a photograph which demonstrated arbitrators on the EOS network in action, reversing confirmed transactions. A so-called judge referred verses from the EOS blockchain’s so-called constitution to resolve a dispute between two account holders. The claimant accused an unidentified individual of possessing private keys to its EOS account via a phishing attempt. The user reached out to the EOS with his/her complaint and the network chose one Ben Gates as arbitrator to resolve it, under the management of another individual called Moti Tabulo. “Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, rules that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed,” the ruling read. Not a Blockchain? The complaint-to-resolve structure, according to responders, was reminiscent of a conventional customer support model practiced by centralized organizations. Many argued that why a crypto user would find EOS better than any traditional legal system, given its high authority over the network. Whiteblock, a blockchain testing firm, for instance, found that EOS had fewer features of a decentralized blockchain and more that of a cloud computing service. According to them, the protocol lacks immutability, meaning authorities can change or modify data on the EOS blocks with minimal resistance. SOURCE: REDDIT The AUTI9003 thread likewise offered similar criticism but turned into an EOS-bashing event with some pseudonyms calling the project names. In the midst, an argument came from CarInABoxx also questioning the project over its scalability solutions. “Let’s say that 100 accounts get phished in an attack. Each of them creates a “case” on the EOS portal, each of them present evidence, the other party responds, then the EOS gods come to a decision,” the pseudonym assumed. “From this ruling it takes almost a month or more from freezing the account, hearing both sides, taking a decision.” EOS on Accusations “Decentralization is not what we are after,” said Daniel Larimer, the creator of the EOS protocol, in an interview to YouTube channel Colin Talks Crypto. The programmer drew a thin line between how a decentralization works and how it gets perceived. He referred to log scales while explaining how projects like Steem, BitShares, and EOS (all his own) are two-three times more decentralized than Bitcoin and Ethereum. A screenshot from the video: Source: Colin Talks Crypto The argument, whether its Bitcoin or EOS, remains about the possibility of block producers colluding with each other to govern a blockchain as though they are its masters. That indeed abandons the idea of having a censorship-resistant and stable financial system. The question that EOS could face nevertheless is why they would need to raise $4 billion to reinvent something that is already there. “4bn to invent the wheel again,” as someone quoted. The post EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions appeared first on NewsBTC.

2 months ago

@Clitry BTS is required for all blockchain operations, pleas...

@Clitry BTS is required for all blockchain operations, please come to our Discord and we can direct you to using th… https://t.co/lUT4g80Sv9

2 months ago

Could Ethereum Survive Without Buterin?

Vitalik Buterin, the founder of Ethereum sat down with the MIT Technology Review in a recent interview at the recent Ethereum Developer Conference hosted in Prague, Czech Republic. In the interview, the founder explained why the network can only be truly decentralized after it stops looking to him for answers. The 24-year-old has been the unofficial ‘CEO’ of the Ethereum project since he proposed the creation of the network late in 2013. Nevertheless, he revealed to the MIT Technology Review, that it was time for him to start fading into the background to allow the community to grow to its full potential in a decentralised manner. This begs the question of whether Buterin is getting ready to leave Ethereum. During the interview, one Twitter user interpreted his words of fading away Buterin planning an exit strategy similar to how Dan Larimer has left several crypto and blockchain projects. As said by Ethereum World News, Larimer developed the blockchain technology of Graphene that powers BitShare and the Steem token, Larimer left the project to start Steemit after he founded BitShares in 2013. Then in 2017, he left Steemit and joined Block.one as it Chief Technology Officer and spearheaded a successful crowdfunding to create EOS and he is still the CTO at EOS to this day. In the tweet, he accused Buterin of planning his exit strategically and prompted his to reply and correct his theories. 1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits. 2. Vitalik is “in charge”: ETH is centralized! Vitalik is not “in charge”: Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility. — Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018 As you can see from the above tweet, Buterin responded saying that he isn’t leaving the company and that he is ‘in charge’. But despite this confirmation from the founder of ETH it still makes you think whether Ethereum could survive without Buterin. What do you think? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Could Ethereum Survive Without Buterin? appeared first on Crypto Daily™.

2 months ago

Vitalik Rejects Rumors of Him Leaving the Ethereum (ETH) Project

The MIT Technology Review had a chance of interviewing Vitalik Buterin at the recently concluded Ethereum (ETH) Developer Conference that was hosted in Prague, Czech Republic. In the interview, Vitalik explained why the network can only be truly decentralized after it stopped depending on him. Buterin at 24, has been the unofficial ‘CEO’ of the Ethereum project since it he proposed the creation of the network late in 2013. However, he revealed to the MIT Technology Review, that it was time for him to start fading into the background to allow the community to grow to its full potential in a decentralized manner. Accusations Of Him Exiting From this interview, one twitter user interpreted his words of fading away as Vitalik planning an exit strategy similar to how Dan Larimer has left numerous crypto and blockchain projects. Dan Larimer developed the blockchain technology of Graphene that powers BitShares and the Steem token. After starting BitShares in 2013, Larimer left the project to start Steemit. He then left Steemit in March, 2017. After leaving Steemit, Larimer joined Block.one as its CTO and spearheading a successful crowdfunding to create EOS. He is still the Chief Technology Officer at EOS. The tweet accusing Vitalik of planning an exit strategy, prompted him to reply by debunking all theories that he is leaving the project in a manner similar to how Dan Larimer left BitShares and Steemit. 1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits.2. Vitalik is "in charge": ETH is centralized! Vitalik is not "in charge": Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility. — Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018 Are We Really Ready for Vitalik Taking a Back Seat? The question on the minds of many Ethereum enthusiasts and developers, is to whether the Ethereum network can survive without Vitalik. One twitter user replied to the above tweet, by stating that our human psychology might not allow us to accept the departure of an inspiring leader. His exact tweet was as follows: The real issue is interesting tho. Are people really ready or really want decentralization? It looks like they want leaders, even if that undermines the core value of the system. They just want price action. Comparisons with the Tron Project and Justin Sun The CEO of Tron, Justin Sun, had planned to take a back seat in the Tron project after the Super Representatives had been elected to handle all issues pertaining to the network. However, in a move welcomed by many, Justin ran for, and won a spot as one of the 27 Super Representatives on the Tron Network. He also communicates with the Tron Community via twitter on a daily basis. By further dissecting Vitalik’s response to the tweet suggesting he is leaving, we see that he already has a plan to continue contributing to the project. What are your thoughts on Vitalik proposing a decentralized Ethereum network? Do you think the project can survive without him? Please let us know in the comment section below. [Image courtesy of the MIT Technology Review] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Vitalik Rejects Rumors of Him Leaving the Ethereum (ETH) Project appeared first on Ethereum World News.

2 months ago

Bytus: A Global Digital Payment Platform to Make Crypto POS Easier

Blockchain technology has built a strong history for itself by disrupting various industries. And yet, cryptocurrency adoption continues to lag. Bytus is here to address the issue, with a global digital payment platform that makes cryptocurrency payments on online and brick-and-mortar shops a lot easier. The apprehensions about accepting cryptocurrency payments due to associated price volatility risks is quite well-known, and it is made evident by the presence of very few retailers who are open to accepting payments for goods and services in popular cryptocurrencies. However, Bytus offers a fiat settlement mechanism that can be used by merchants to convert the payments received in cryptocurrencies to the fiat of choice, thereby overcoming the price volatility. The global digital payments platform works flawlessly on smartphones and contactless payment systems that are already in use across the globe. Built over a private blockchain network and powered by the platform’s native BYTS ERC20 utility tokens, Bytus enables over a million stores to receive crypto-payments for their goods and services. The Bytus private blockchain is based on Graphene chain, which has already witnessed successful implementation in various projects including Bitshares, Steemit, and EOS. The accompanying Bytus Mobile Multi Crypto Wallet is designed to handle multiple cryptocurrencies and efficient crypto-to-fiat conversion without commissions. In addition to the multi-crypto mobile wallet, the Bytus ecosystem also includes insurance protection, secure storage, exchange service and virtual credit card offering. Team Bytus is the creation of a strong team led by its founder, Altug Tatlisu who is an experienced software developer with over 23 years of experience. Together with experienced staff, Tatlisu is propelling his idea of developing a platform that can solve various issues plaguing the digital payments and cryptocurrency industries. With a platform that can support micro-transactions, multiple cryptocurrencies, and zero-commission immediate crypto-fiat conversions, Bytus is poised to accelerate cryptocurrency adoption by providing a cheaper and much faster payments solution than the conventional fiat-based payment options that are available in today’s market. Other notable people driving the innovative platform include Serdar Nurdogan, heading financial operations. He has experience in several fields which come in hand at managing the finances of the platform. They include ICO exert, Fintech Consultant, Licensed Broker, Future Exchange among others. Immran Qureshi, with ten years of experience in digital market spearheads the company’s digital marketing department with an additional focus on SEO and other aspects of the game. Ajay Hada, as the lead crypto and smart contracts developer, holds the responsibility of building the platform and implementing an endless list of features over time to make Bytus a complete global digital payments solution. Harry Masly, as a general project manager and blockchain engineer. He managed to confidently make space in our lives in a short span of time. Token Sale Bytus is embarking on an Initial Token Offering (ITO) with 50 million of the total 66 million BYTS tokens on sale. The entire token sale campaign is broken down to 3 parts, with exciting bonus offering: The Private ITO with 20% bonus, Pre-ITO with 15% bonus and the main ITO sale where participants can purchase BYTS at a 10% discount. The Private ITO is set to go live on November 15, 2018, followed by Pre-ITO on May 5, 2019 and ITO sale from September 1, 2019. After the conclusion of sale, the value of each BYTS token will be set at $0.67, made available for purchase on CryptoBank, post ITO. The functions of BYTS tokens include Mining by wallet (POS 2.0) As an intermediate token for conversion between various currencies Sending and receiving funds Payment for goods and services through contactless, QR-code. About Bytus Bytus has a mission to create a convenient, safe ecosystem so that the user can conveniently pay both through payment terminals and via the internet using a QR code with instant conversion of cryptocurrency into fiat. The key tool of the system, BYTS also services as an indicator of the channel size, with more tokens in possession means a wider payment channel allowing transactions on the network within allocated time interval. Bytus promotes a policy of full openness, maximum cooperation, speed and the possibility of increasing the number of currencies, all in one application. It will help current retail chains easily payment of crypto-currencies who can attract new customers want to pay and receive new markets. More information about Bytus platform and BYTS token sale is available on the platform’s official website - https://bytus.io The post Bytus: A Global Digital Payment Platform to Make Crypto POS Easier appeared first on Live Bitcoin News.

2 months ago

WAX Is Named the Most Active Blockchain on Block'tivity, a Blockchain Transaction Monitoring Site

WAX, which stands for Worldwide Asset eXchange, is up more than 7% today while most of the leading cryptocurrencies continue to trade sideways. WAX, whose market cap is hovering at nearly $82 million, is trading at $0.087 on volume of $1.3 million. WAX says on Twitter that it is the “highest-ranking blockchain on Block'tivity,” which is a site that monitors transactions on various blockchains. WAX, which boasts more than 4 million daily transactions, outperformed platforms including EOS, BTS and STEEM. WAX is a platform for transacting in virtual items. (GT)

2 months ago

China Updates Crypto Ranking, Bitcoin (BTC) Plunges Further

On Monday, China’s Center for Information and Industry Development (CCID) updated its ranking of 33 cryptocurrency initiatives, assessed in three different classes and cumulatively. The evaluation has downgraded BTC further since the last update while EOS and ETH have remained on top of the list. Bitshares comes after Ethereum (ETH) in the list. BTC fell from the 10th position to 19th while BCH has risen from number 31 to 28. NEM remains at the bottom of the list. (VK)

2 months ago

The BitShares exchange layout will be fully customisable wit...

The BitShares exchange layout will be fully customisable with the next GUI update. Due to go live in the next coupl… https://t.co/d5K9fx9Snl

3 months ago

World Crypto Con Launches Blockchain Summit: Aria Hotel, Las Vegas

LAS VEGAS, OCTOBER 27, 2018 - World Crypto Con (WCC), launches the world’s most immersive and interactive blockchain and crypto experience, with an exciting schedule of activities designed for seasoned crypto enthusiasts and for newcomers to join the community and learn more. The schedule includes over 120 speakers from the growing crypto industry including; BITSHARES, the BITCOIN FOUNDATION, LITECOIN and CEO of WAX together with the launch of the latest decentralized currency exchange, SUPERSONICEX providing the opportunity to learn more about the future of the blockchain technology as well as regulatory developments in crypto affecting the industry as a whole. The three-day event will take place at the Aria Hotel in Las Vegas with registration opening at 11am on October 31, marking the 10th anniversary of Satoshi Nakamoto’s Bitcoin white-paper and serving as a reminder that One Single Bitcoin on 31st October 2016 was worth only $530 and today, only 24 months later, is worth over $6,300 per coin! World Crypto Con delivers a global stage hosted by Stewart Rogers, VentureBeat’s Director of Marketing Technology, along with Joel Comm and Travis Wright of The Bad Crypto Podcast, and will offer the chance to meet and greet some of the industry’s biggest names. “World Crypto Con is a huge event covering over 200,000 square feet and over 120 guest speakers. It’s different to other blockchain and crypto events, as it’s not just about networking with industry peers or listening the latest regulatory trends, World Crypto Con goes far beyond that. This event offers an engaging and interactive experience joining together a community and place to immerse the way technology is actually changing the world” said Adam Williams, Co-founder of World Crypto Con. William’s added; “We are committed to delivering the most engaging set of experiences that go beyond an average crypto conference and embrace community activities such as the Hodl Rally and Tour de Crypto (#cryptokindness) where early crypto adopters meet entrepreneurs, investors, traders, legal professionals and people just curious to lean more, something like this you would not be able to encounter at any other event.” World Crypto Con features over 150 exhibitors across the 200,000 square feet exhibition floor, including launch of Global Fintech Platform, SuperSonicEx as well as the Token Tank Live Experience and other highlights: Bloqchain Smart Vegas Hackathon World-class judges and mentors from top crypto and blockchain companies will be on-site offering advice, mentorship and giving presentations. For the first tiem ever, a new ground breaking crypto-currency will be offered as a prize Decent.bet Poker Tournament Decent.bet has teamed with WCC to host an interactive Blockchain Poker Tournament. Crypto and poker enthusiasts will have an opportunity to play with some of the biggest stars in poker. University Row Provides future blockchain entrepreneurs with a global stage for their research. Six university teams will present their cutting-edge blockchain research and projects to conference attendees. World of Mining World Crypto Con is the first Conference to bring experienced professionals from the world’s most innovative mining-related companies to create a one-of-a-kind mining experience that will drive mining innovation. Live Art with VESA Crypto artist and filmmaker VESA will be showcasing his innovative mixed media platform Art For Crypto, which is rapidly establishing new creative standards in the blockchain art space. Giant “CryptOween” Halloween Party with Steve Aoki WCC is throwing a massive Halloween celebration with the first annual CryptOween costume party at OMNIA Nightclub at Caesars Palace. The event will be DJ’d by Grammy nominee Steve Aoki and there will be a costume contest with a $1,000 cash or crypto prize for the lucky winner. Other exclusive conference experiences on the agenda include Blockchain eRacing, YouTube Influencer Meet & Greet, and Monster Security Token (STO) Event. “World Crypto Con is designed around the core pillars of education, entertainment, and excitement,” added Christopher Herghelegiu, Co-founder of World Crypto Con. “This space doesn’t need more echo chambers, it needs a conference like ours that brings to life the future of this tremendous industry and opportunity.” Headline speakers include the biggest names in crypto-currency, including Brock Pierce, Chairman of the Bitcoin Foundation, Charlie Lee, Founder of Litecoin, Charlie Shrem, Crypto Pioneer and Founder of the Bitcoin Foundation. These together with Bobby Lee, Founder of BTCC, Vinny Lingham, the CEO of Civic, Ronnie Moas, Founder of Standpoint Research and over 100 more industry titans and over 150 exhibitors make this an event not be missed! There will be major industry announcements on the WCC stage, giving attendees the opportunity to hear first hand, latest new and trading tips in blockchain technology. Finally, World Crypto Con has teamed up with SuperSon

3 months ago

ByTus: a Key to Secure and Simple Crypto Payments

Everybody who has ever dealt with cryptos knows that digital currencies are not ideal, as some problems appear while conducting transactions, and the most important of them is the problem of payments in cryptocurrencies. High and often deregulated commissions, low level of security, a lengthy process of payment confirmation, and poor usability as a result of poor knowledge of blockchain applications — these are just the most common problems users face while conducting transactions. Moreover, a lack of a supportive ecosystem and infrastructure makes it impossible for those having access to digital coins to use them for buying goods and services. ByTus, a new platform based in New York, has been designed to solve the problems mentioned. ByTus is aimed at enabling users to independently control the security of their funds, simplifying the process of conversion to accelerate buying goods and services, and helping current retail chains easily payment of crypto-currencies who can attract new customers want to pay and receive new markets. The company’s website reads: “Bytus has a mission to create a convenient, safe ecosystem so that the user can conveniently pay both through payment terminals and via the internet using a QR code with instant conversion of cryptocurrency into fiat.” ByTus adheres to the policy of full openness, maximum cooperation, speed and promises the possibility of increasing the number of currencies, all in one application. Its idea is to utilize a large number of tokens at the junction of different types of currencies. The system is the same as Visa and Mastercard payment systems, however, its significant competitive advantage is adding digital currencies. As ByTus offers good solutions to crypto payments, it may become the new step forward in the development of cryptocurrency. Blockchain Private Network The platform is built on Blockchain Private Network, based on the Graphene chains (Bitshares, Steemit, EOS) protocol, known for its good throughput. The network is expected to cover the need for users in micropayments without any commissions. Transactions will be checked by chain managers who will create blocks and include transactions into blockchain. The company’s whitepaper explains: “Users have public keys attached to their accounts. All transfers within the network are performed only with the signature of the transfer transaction of funds by a private key of the user. No one except the owner can know it. They are generated on the device from the user, which should be kept confidential so as not to compromise access to their funds in a private lock.” The process will have no commissions, and data about transactions made by users will be public. The development of private blockchain network is set to start in December of this year, with first testing in April, 2019. ByTus ITO ByTus has its token treated as a utility token, without which the system cannot exist. One bytus token is equal to one transaction per network per day. The total amount of tokens makes up 66,000,000 BYTS, and 50,000,000 of them (75,8%) are for sale. The company’s plans are as follows: in November of this year, ByTus will prepare for a private ICO and hold a private ITO. The private ITO is set to take place from November, 15 till November, 30. According to ByTus, each ITO round will have its own bonus system. During private ITO, buyers will be able to get up to 20% of the purchased number of tokens, during pre-ITO — up to 15% of the purchased number of tokens, and in ITO Sale — up to 10% of the purchased number of tokens. Unspent tokens on previous ITOs will go to POST ITO and will be sold via CryptoBank. In March 2019, the development of its mobile app will begin. The post ByTus: a Key to Secure and Simple Crypto Payments appeared first on CoinSpeaker.

3 months ago

@CryptoChrisG @notsofast @CryptoGainz1 Anyone who does not w...

@CryptoChrisG @notsofast @CryptoGainz1 Anyone who does not want to migrate their coins to the bitshares platform ca… https://t.co/k7rDTCawK1

3 months ago

Decentralizing the Dollar: Crypto-Collateralized Stablecoins

Decentralizing The Dollar is a three-part series on stablecoins, each addressing one of the three key methods postulated for tying a stable cryptocurrency to a fiat currency. In Part One, we examined how TrueUSD might rectify the flaws in Tether; in Part Two we looked at Kowala, and algorithmic stablecoins; and in Part Three we’ll look at crypto-collateralized coins. Keeping track of the different stablecoins is a bit like learning the names and habitats of all the dinosaurs. There are tokens backed by dollars, euros, gold or silver, or even by pure code. There are also different stability systems for each major blockchain, and some have their own chains. There are also stable coins whose value is collateralized by other digital assets. Volatile cryptocurrencies might seem like an odd anchor, but that hasn’t stopped several tokens from stabilizing their value with a combination of crypto-collateral and governance to limit their price movements. Some, like BitShares USD and Maker’s DAI token, can be considered relatively successful at hedging against market volatility. Others, like NuBits, provide a cautionary tale. Maker/ Dai: Volatility Fenced In If you wanted an example of clever programmers innovating away the market’s problems, you couldn’t do much better than MakerDAO, a system of smart contracts which keeps the native DAI token stable. Using a combination of price feeds and clever code, MakerDAO has kept the value of the Dai token reasonably close to a dollar. Each dollar-pegged DAI token represents a loan from a Collateralized Debt Position, a smart contract bank which stores ethers in exchange for Dai. Since each loan requires more collateral than the value of the tokens it issues, Dai hodlers are protected from all but the wildest swings of the crypto market. It’s those wild swings that make things interesting. In order to insure that each DAI is backed by at least a dollar of ether, each CDP is coded to sell off its collateral before its balance reaches zero. But how does a smart contract “know” the value of Ethereum? That’s the role of the MakerDAO, an oracle that maintains the price of Dai through the old-fashioned method of smart contract voting. Dai tokens largely maintained their dollar peg-with some fluctuations. Maker voters can collect fees on Dai trades, but that right comes with a cost. Maker tokens “function as the buyer of last resort,” according to an explainer on Maker’s website. “Should the collateral in the system not be enough to cover the amount of Dai in existence, MKR is created and sold onto the open market in order to raise the additional collateral.” Although it’s not the most intuitive or popular stablecoin, Dai has kept its peg fairly well and is still making progress. MakerDAO has recently announced a partnership that to allow Dai payments on the Ink Protocol, a decentralized payment platform on the Ethereum blockchain. “To achieve mainstream adoption as a method of payment, a cryptocurrency needs to be an effective medium of exchange and store of value,” said Gee-Hwan Chuang, co-founder and chief executive officer of Ink Protocol. “Dai addresses both of these needs flawlessly.” If Dai works, where’s the adoption? That’s an important question, especially as new and more complex stable coins prepare to enter the market. If algorithmically-decentralized stable coins like Basis and Kowala are to make any headway in the crypto market, they’ll have to figure out why Dai isn’t getting traction. Even though the shortcomings of Tether and other centralized tokens are well-known, that may still beat the uncertainty of relying on algorithms for value. “If you’re a business you’re not going to be issuing payments to another business in an algorithmic stablecoin,” explains TrustToken’s Tory Reiss. “It doesn’t make sense, its too much risk. No CFO would want that on their balance sheet. You do want to do it in USD.” Mr. Reiss, whose employers issue the TrueUSD stablecoin, is not an impartial observer, but he raises a salient point. Even if a smart-contract algorithm makes sense “when you think about it,” the fact that it requires thought at all adds an unwelcome element of uncertainty to supposedly stable tokens. “An essential part of the ecosystem” One frequently hears stable coins described as essential parts of the “cryptocurrency ecosystem,” as if they were pollinating bees or moths instead of lines of code. When developers describe software in terms of “ecosystems” they are tacitly acknowledging that crypto-markets share some of the complexity of biological systems. And, as any kid who’s seen Jurassic Park can tell you, living systems (and markets) have inherent instabilities. Centralized stablecoins, like Tether, may not tick all of the boxes of a cypherpunk manifesto, but as long as they have enough actual dollars they should be immune to the doubts that used to drive banks insolvent. Algorithm-backed tokens may be more aesthetically pleasing, and they fo

3 months ago

Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens

The app’s wallet now supports most ERC20 tokens on the market today, as well as adding more news sources, optimizing startup speed, and shortening users’ waiting time, registration and login process. Major Improvements for Token Support With this upgrade, the wallet function has undergone major improvements. Up until now, the BitKan wallet has supported mainstream cryptocurrencies such as BTC, BCH, ETH, QTUM, DASH, SAFE. That now includes all tokens based on the ERC20 standard and Bitcoin (BTS). All this means it now covers over 98 percent of available cryptocurrencies in the market. The update will add Bitcoin (BTS) wallets and GAT wallets, as well as the USDC stablecoin wallet from Circle. Users can now do an ERC20 token search and add new token functionality. ‘Community Wallet’ Concept The new version of the “community wallet” concept promotes a more ecological layout for paying for content, plus community rewards and one-click airdrops for different projects. BitKan first launched its wallet function in 2013. It has proved well-secured thus far, and is supported and trusted by millions of users. The mobile app is available for both Android and iOS. BitKan thanks all its users, past, present and future, for their support. About BitKan BitKan was founded by four former employees of Huawei Technology in 2012. The startup has rapidly scaled to become one of China’s leading providers of cryptocurrency data and services, with recent expansion into Singapore, Tokyo and Hong Kong. Visit the BitKan homepage and download the mobile app here: Website: https://www.bitkan.com App: https://bitkan.com/app The post Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens appeared first on CoinSpeaker.

3 months ago

PR: Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens

The BitKan mobile app has been upgraded to optimize the performance of the Markets function, greatly improving user experience while checking digital asset prices. The app’s wallet now supports most ERC20 tokens on the market today, as well as adding more news sources, optimizing startup speed, and shortening users’ waiting time, registration and login process. This is a press release provided by BitKan Major Improvements for Token Support With this upgrade, the wallet function has undergone major improvements. Up until now, the BitKan wallet has supported mainstream cryptocurrencies such as BTC, BCH, ETH, QTUM, DASH, SAFE. That now includes all tokens based on the ERC20 standard and Bitcoin (BTS). All this means it now covers over 98 percent of available cryptocurrencies in the market. The update will add Bitcoin (BTS) wallets and GAT wallets, as well as the USDC stablecoin wallet from Circle. Users can now do an ERC20 token search and add new token functionality. ‘Community Wallet’ Concept The new version of the “community wallet” concept promotes a more ecological layout for paying for content, plus community rewards and one-click airdrops for different projects. BitKan first launched its wallet function in 2013. It has proved well-secured thus far, and is supported and trusted by millions of users. The mobile app is available for both Android and iOS. BitKan thanks all its users, past, present and future, for their support. About BitKan BitKan was founded by four former employees of Huawei Technology in 2012. The startup has rapidly scaled to become one of China’s leading providers of cryptocurrency data and services, with recent expansion into Singapore, Tokyo and Hong Kong. Visit the BitKan homepage and download the mobile app here: Website: https://www.bitkan.com App: https://bitkan.com/app Follow us on our official accounts to find out about our latest announcements and updates: Facebook: https://www.facebook.com/bitkanofficial/ Twitter: https://twitter.com/BitKanOfficial Instagram: https://www.instagram.com/bitkanofficial/ Telegram: https://t.me/bitkan 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: Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens appeared first on BitcoinNews.com.

3 months ago

Tron’s Marcus Zhao Reveals Foundation is Working on Anonymous Transaction Feature for TRX

In A Recent Interview with NakamotoJedi , Tron’s top Tech Manager, Marcus Zhao gave insights on what’s going on in the Tron Community and New Incoming updates and features on the TRX Blockchain. Zhao said the Tron’s tech team is working on More Advanced features to keep the project ahead of other competitors, features like the Multi-signature, BFT Consensus Mechanism and Anonymous Transactions should soon be expected on the Public chain. Tron has one of the most active and many community supporters which has seen the cryptocurrency rise to the top 20 Cryptocurrencies in the World in just a few months of its launch. On The Aspect of Tron’s Advantages Over Ethereum ,Zhao said Tron is much cheaper and faster than ethereum and also more developer friendly than ETH. When Asked On if Tron claims to be more developer friendly why is there just 18 dApps On Tron and Over 2000 On Ethereum he said, “ETH has been in the game for 4 years, whereas Tron just started 2 Months Ago.” He Strongly Believes that after the successful launch of Tron Virtual Machine main chain, the TRX Blockchain will receive an influx of dApps that will put it above the current figure of Ethereum as they’ve made the TVM Compatible with more virtual machines such as the Ethereum Virtual Machine (EVM). Citing Possible Error Occurrences with the Ethereum Blockchain which its Founder Vitalik Buterin once admitted to, Zhao said “As far as I know, Tron is the only public chain without any post-launch problems. I don’t know why he said there are many vulnerabilities in Tron. In comparison, ETH, BTS and EOS had block generation problems when they were first launched.” Earlier this year Tron was widely accused of plagiarising its whitepaper from other projects which justin sun claimed was as a result of translation issues between Chinese and English. On This He Said, “The Whitepaper was released when Tron was still in early stages of development, there might have been some overlaps of concepts, but after all, they are just concepts. Later On Its development, tron has gone beyond the white paper, and we have redefined the vision of Tron.” The post Tron’s Marcus Zhao Reveals Foundation is Working on Anonymous Transaction Feature for TRX appeared first on ZyCrypto.

3 months ago

Tron [TRX] SRs are more decentralized than Bitcoin [BTC], claims an official

In a recent video carrying the interview of Marcus Zhao, the Technical Manager for the Tron project, made several claims involving Tron’s competency over Ethereum [ETH], Bitcoin [BTC] and EOS. He also spoke about the allegations shot at Tron by several parties earlier this year, where the project was reported to practice plagiarism. Regarding this, Zhao made a statement that said: “As far as I know, Tron is the only public chain without any post-launch problems. I don’t know why he said there are many vulnerabilities in Tron. In comparison, ETH, BTS and EOS had block generation problems when they were first launched.” Furthermore, he continued to tout the cryptocurrency project by stating that Tron’s codes are reliable, precisely because it has not faced any problems on the chain. According to Zhao, Tron never used the Ethereum protocol. More so, he said that in order to attract the Ethereum developers, the Tron team made the Tron Virtual Machine [TVM] compatible with the Etheruem Virtual Machine [EVM]. Additionally, he stated: “However, the management and consumption of resources are created by us independently. Moving on, TVM will be made compatible with more virtual machines.” Under the umbrella of future developments in Tron, Zhao revealed that the team will develop more advanced features, such as Anonymous Transactions, Multi-signature, BFT Consensus Mechanism and more. Until then, the techie stated that Tron will continue to improve the current features and usability of the public chain. Next, the topic of Tron Super Representatives and the election day came up wherein Zhao was asked about Justin Sun’s quick win via votes. Here, he mentioned that Sun received a large number of votes in a short while as he has many followers and community supporters. Furthermore, he stated that the community trusts Justin Sun and his ability to run the node well. In his words: “Currently, all 27 SRs have been elected, distributed in Africa, Europe, America, China and other parts of the world. The 27 SRs are competent enough to manage the whole network.” He then made a huge claim stating that the SR group is far more decentralized than the nodes on Bitcoin and the 21 supernodes on EOS. The post Tron [TRX] SRs are more decentralized than Bitcoin [BTC], claims an official appeared first on AMBCrypto.

3 months ago

The BitShares reference GUI was updated today as it is every...

The BitShares reference GUI was updated today as it is every 2 weeks. Assets page has changed, @SparkDEXdotio added... https://t.co/mJbEBYr4Cl...

3 months ago

Binance Delists Bytecoin, ChatCoin, Triggers, and Iconomi Cryptocurrencies

Binance, the world’s largest cryptocurrency exchange (in market volume) has announced on Oct. 9 that it will delist Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG) from its platform. Binance’s Reasons for Delisting Digital Currencies According to the press release, Binance conducts comprehensive and periodic reviews to ensure that listed cryptocurrencies on its platform maintain a high standard of quality. In case a digital asset fails to meet the criteria, Binance performs additional review to potentially delist it. The company has outlined that the delisting of a cryptocurrency is decided by the following factors: “Commitment of team to project Quality and level of development activity Network/smart contract stability Level of public communication and activity Responsiveness to our periodic due diligence Evidence of unethical/fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem.” Binance has set the day of delisting BCN, CHAT, ICN, and TRIG at 2018/10/12 10:00 AM (UTC) on all the available trading pairs. However, withdrawals will remain open until 2018/11/12 10:00 AM (UTC). The Bytecoin Pump and Dump Jonha Richman, PR & marketing advisor for Blockchain companies, told [blokt] that: “Binance only has the best interest of its users as coins and projects that do not necessarily have enough interest (as proven in form of volume) will no longer be included in its platform. By doing so, it will make way for more interesting and possibly more appealing coins for its users and investors to potentially invest in. Such practice is not exclusive for Binance and other exchanges such as Bittrex is also delisting a few coins including: Bitshares (BTS), Bitcoin Gold (BTG), and Bitcoin Private (BTCP)” Bytecoin, the most notable cryptocurrency of the ones to be delisted, saw a significant price increase (166%) in just a few hours after its listing on Binance last May. Experts then raised red flags about this listing, citing Monero, a cryptocurrency hard forked from BCN, whose team said that Bytecoin was highly centralized as 82 percent of its coins were premined and owned by its developers. Moreover, 693 million BCN coins were reportedly created out of thin air to compensate Binance for listing Bytecoin. The freezing of BCN on all platforms that followed raised a widespread belief that Bytecoin and Binance were involved in what was then called “the most sophisticated pump and dump ever.” Controversy Across the Community While Binance announced just yesterday that fees from future coin listings would be donated to charitable activities, today’s delisting announcement has raised skepticism across the crypto community about its credibility. Binance said that the disclosure of the coin delisting factors aims to ensure public transparency. A large part of the community embraced the decision of Binance as BCN, CHAT, ICN, and TRIG have not proved their value so far. However, numerous people said that the exchange should also demonstrate the same transparency prior to listing a new coin, a practice that Binance hasn’t followed up to date. Others said that because Binance’s delisting decision has the power to manipulate the market as people run to dump their coins, the exchange should conduct better due diligence before classifying a digital asset as worthless, like in the case of ChatCoin, which was added on Binance earlier this year. At the time of writing, Bytecoin is losing 20% of its value and is currently trading at $0.001781. ChatCoin plummets by 22% ($0.017494), Iconomi drops by 9% ($0.361727), while Triggers experiences losses of 39%, trading at $0.190701. Binance Delists Bytecoin, ChatCoin, Triggers, and Iconomi Cryptocurrencies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

3 months ago

Exchanges Roundup: Pantera Fund Down 40%, Bittrex Delists Altcoins

In recent news pertaining to cryptocurrency exchanges, images circulating online show Pantera Capital’s Digital Asset Fund had a lifetime-to-date performance of minus 40% as of the end of August, Bittrex has announced the delisting of Bitshares, Bitcoin Gold, and Bitcoin Private, and Indian cryptocurrency exchange, Bitbns, has been accused of falsifying its trade volume. Also ...

3 months ago

Bitcoin Gold [BTG], Bitshares [BTS], and Bitcoin Private [BTCP] exchange wallets to be removed from Bittrex

Bittrex, one of the leading cryptocurrency exchanges, announced that they will be removing Bitcoin Gold [BTG], Bitshares [BTS], and Bitcoin Private [BTCP] from their exchange wallet. In an official blog post, they stated that wallet removal was a routine part of their ongoing platform management which would ensure better performance and operational efficiency. Users who ...

3 months ago

Bittrex to Delist Bitshares, Bitcoin Gold, and Bitcoin Private

Bittrex announced the removal of Bitshares, Bitcoin Gold, and Bitcoin Private wallets from its exchange. None of these coins currently have markets on Bittrex, so users should remove their funds ASAP....

3 months ago

Bittrex to Delist Two Bitcoin Forks and Bitshares

It is not uncommon for Bittrex and other altcoin exchanges to delist certain cryptocurrencies after a while. Poloniex is getting rid of three assets fairly soon, as they simply do not generate sufficient volume. A similar turn of events is happening over at Bittrex, though the choice of currencies to be removed will raise a The post Bittrex to Delist Two Bitcoin Forks and Bitshares appeared first on NullTX....

3 months ago

Bittrex Exchange Announces the Removal of Bitshares, Bitcoin Private, and Bitcoin Gold Wallets from its Platform

In an official blog post, Bittrex exchange has announced that it will be removing Bitshares, Bitcoin Private, and Bitcoin Gold wallets from its platform on November 5, 2018. The exchange cited the lack of markets for the wallet removal. Further, it stated that this is part of the exchange's management to ensure operational and performance efficiency. The users with balances in those wallets have been urged to withdraw their digital assets before the 5th November 2018; after this date, these assets will be unrecoverable. The customers who will face difficulties are advised to seek assistance from the exchange. (KE)

3 months ago

BitShares for payments got a big update today: PalmPay is bu...

BitShares for payments got a big update today: PalmPay is built on the BitShares blockchain and available in the Go... https://t.co/6s0C1F5JgZ...

4 months ago


News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme
1