Elastos ELA

$6.18
Market Cap $ 59.322 MM (#102)
24h Volume $ 1.218 MM
Chg. 24h: -1.63%
Algo. score 3.8/5  (#87)
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Elastos News

Empresas de Whisky formam parceria com o uso de Blockchain

Por: Livecoins Para quem curte um cowboy, ou outros derivados dessa modalidade de bebida essa pode ser uma boa notícia, pois está para ser possível tomar um Whisky com a ajuda da blockchain nos seus bastidores. A parceria surgiu das empresas Fusion Whisky com a Adelphi Distillery, da qual irão lançar o produto The Winter Queen, misturando assim a história européia da indústria de bebidas com a tecnologia blockchain. Com esse anúncio, que envolve de Whisky Escôces com o Malte da Holanda, a marca The Winter Queen se tornará a segunda na história a trabalhar com a blockchain, uma vez que em março de 2018 a bebida australiana The Brisbane, também da marca Fusion Whisky, já havia chegado ao mercado. De acordo com o diretor administrativo da Adelphi Distillery, Alex Bruce, a blockchain provê aos consumidores detalhes sobre a proveniência da cevada utilizada no processo de fabricação, de qual campo a mesma veio, e quando o mesmo foi engarrafado. Além disso, Bruce acrescentou que “Muitas pessoas não ouviram falar ou apreciaram a influência que Elizabeth Stuart teve na Europa do século XVII. Ela era a filha mais velha de James VI da Escócia e eu da Inglaterra, mas também era a avó do rei George I e era o elo entre os tronos Stuart e Hanovarian”. Esta edição comemora a coroação da princesa ao reino da Boêmia, há cerca de 400 anos atrás. Uma curiosidade, que não faz com que seja um ponto negativo, é que os reinos são estruturas centralizadas de poder ao contrário do que prega a blockchain, que leva em sua filosofia o caráter de descentralização. A indústria de bebidas alcoólicas é mais um dos setores a prestar atenção a esta nova tecnologia e o seu imenso potencial, e um caso de uso além do citado anteriormente é o da criptomoeda VeChain (VET), que também possui em seu projeto facilidades a vinhos e licores. No Brasil, o potencial da blockchain é imenso, uma vez que não há muitos casos de registros e facilidades com a tecnologia, abrindo brechas para que surjam cada vez mais empresas e iniciativas neste processo. Para se ter uma base do setor de bebidas alcoólicas, um estudo de 2017 levantou que o setor teve no Brasil anos ruins entre 2015 e 2017 podendo melhorar ainda em 2018, com a melhora do quadro econômico no país, visto que isso influencia os consumidores deste setor. Durante a Copa do Mundo 2018, um estudo da Globo levantou que o Whisky é a sétima bebida que o brasileiro mais consome, isso daria menos de 1% do mercado de bebidas alcoólicas no país. A blockchain como uso em Cadeia de Suprimentos é muito importante visto o desencontro de informações aos consumidores de informações reais no mercado de Whisky, uma iniciativa chamada CaskCoin procura ajudar neste setor, mas com certeza virão outras mais que ajudarão a emponderar os clientes finais. O artigo Empresas de Whisky formam parceria com o uso de Blockchain apareceu primeiro em Livecoins.

2 days ago

“I was waiting for something extraordinary to happen, but no...

“I was waiting for something extraordinary to happen, but nothing ever did unless I caused it.” Elastos continued i… https://t.co/MWASg0TpuH

4 days ago

O Guia da Litecoin: o que é, como comprar e usar

Por: Livecoins Você sabia que a Litecoin já é comercializada em quase todo o mundo. E tem inúmeros pontos de venda e troca? Descubra as vantagens de comprar e usar a cripto moeda com os menores custos de transação. A Litecoin é uma cripto moeda descentralizada, ou seja, uma moeda virtual que não é controlada por uma entidade ou governo. A Litecoin (LTC) é digital —não possui a característica física do dinheiro — e pode ser usada em seu lugar ou em substituição de cartões de crédito e cheques. Devido a alta tecnologia envolvida, é possível enviar pagamentos e fazer transferências de Litecoin (LTC) diretamente para outras pessoas sem a intermediação de terceiros, como bancos. Isso significa que você não precisa usar seu CPF ou seu histórico de créditos como garantia, além de permanecer razoavelmente anônimo. O envio é instantâneo, com baixo custo e sem fronteiras — a moeda é comercializada em qualquer país do mundo e pode ser comprada ou vendida através de casas de câmbio “exchanges”. Quer saber mais? Continue lendo o texto. As vantagens da Litecoin Charlie Lee, criador da Litecoin, aproveitou as melhores partes da Bitcoin, aperfeiçoou outras e criou uma moeda virtual para o uso diário. Seja para realizar transações de alto ou de baixo valor, o que faz com que a Litecoin (LTC) se comporte mais como dinheiro do que a Bitcoin. A tecnologia e os aplicativos que utilizam a Litecoin estão cada vez mais eficazes. E hoje muitas pessoas a utilizam diariamente, diminuindo seus custos de transação. Muitas empresas, de todos os portes, já vendem produtos e serviços em troca de Litecoin por todo o mundo. A diferença entre a Litecoin e a Bitcoin está no tempo de processamento do bloco — a Bitcoin é de 10 minutos e a Litecoin de 2.5 minutos— o que faz com que as transações desta sejam baratas e quase instantâneas. Além disso, o design da moeda permite que, ao longo dos anos, a Litecoin preserve e aumente e o seu valor enquanto o dinheiro comum — como o real e o dólar — inflaciona e perde valor ao longo dos anos. O Guia da Litecoin Com tantas vantagens que a Litecoin apresenta, resolvi escrever O Guia da Litecoin para demonstrar toda a sua praticidade como uma moeda de troca — que pode ser usada para transações financeiras pessoais e profissionais. O guia é básico, curto e objetivo e foi feito com o apoio da Litecoin Foundation. O nosso objetivo é incentivar a adoção em massa da Litecoin para que possamos usufruir dos benefícios que ela proporciona —com o aumento gradativo das movimentações, pagaremos menos taxas bancárias, preservando nosso bens ativos (saldos) ao usar uma moeda deflacionária. O guia explica de maneira simplificada o que é, como comprar e usar a Litecoin. Perfeito para iniciantes e pessoas que gostariam de usar cripto moedas como dinheiro. Nele você encontra o passo a passo para usar a moeda no seu dia-à-dia e economizar em taxas bancárias e de câmbio. O Guia da Litecoin também ensina como baixar e utilizar uma carteira digital (Loaf Wallet). E, também, os passos necessários para empresas de baixo, médio e alto porte aceitarem Litecoin como forma de pagamento. Para finalizar o guia fornece um diretório atualizado de todas as empresas e sites do mundo que já aceitam Litecoin. E aí, ficou interessado e quer aprender tudo sobre a criptomoeda? Garanta agora o seu Guia da Litecoin aqui. Livro gratuito para membros do Programa Kindle da Amazon! O artigo O Guia da Litecoin: o que é, como comprar e usar apareceu primeiro em Livecoins.

5 days ago

In October the Elastos Carrier was distributed in 220k set t...

In October the Elastos Carrier was distributed in 220k set top boxes, reaching a total of 450,000 factory installed… https://t.co/u4ieibTM2d

5 days ago

Elastos (ELA) Gets its First U.S. Listing Through HBUS

The Elastos Foundation recently announced that the Elastos (ELA) token has been listed on HBUS, the projects first listing on a U.S. based exchange. HBUS is the U.S. based strategic partner of the popular Huobi cryptocurrency exchange. As a result of this listing, Elastos has achieved a new level of compliance with the international compliance standards, a necessary step if the project wants to be able to legally expand into the western market. The current trading price of ELA is $6.88, an increase of 11.22% on the 24-hour chart. (JF)

7 days ago

Join Elastos and guests for the Cryptocurrency & Blockch...

Join Elastos and guests for the Cryptocurrency & Blockchain Compliance Meetup in San Francisco at 6PM November 15th… https://t.co/Z40dORFF5t

9 days ago

“The one thing we can never get enough of is love. And the o...

“The one thing we can never get enough of is love. And the one thing we never give enough is love.” Elastos contin… https://t.co/mQrLldRg2A

12 days ago

Elastos and Cyber Republic would like to welcome our new adv...

Elastos and Cyber Republic would like to welcome our new advisor, Distinguished Practitioner at Stanford University… https://t.co/TIBjZrvfH8

15 days ago

In anticipation of a November implementation, the team is ex...

In anticipation of a November implementation, the team is excited to share our Elastos Brand Update. #Elastos $ELA… https://t.co/35v3xEiawR

16 days ago

Elastos Drama After A Surprise Unlock

Investors are in turmoil after Elastos announced that locked-up tokens will be released early, potentially flooding the market with uncirculated coins next month. The project to replace the Internet with a decentralized “SmartWeb” has now been called into question by investors, who have accused the founders of “frauds and manipulations.” The announcement came in the form of a blog post, in which Elastos announced the “Modification” of its token lock-up program. “After consulting with trusted advisors within the Elastos ecosystem, including legal experts,” wrote founder Rong Chen on the official Elastos blog, “we have made the decision to unwind our lock-up program and end it early.” Locked tokens will be returned to long-term investors on November 5th, well in advance of the original date set for early next year. ELA coins will also be returned to angel investors on November 20th, and the 16 million ELA held by the Elastos Foundation will be turned over to the community-run Cyber Republic. In the original plan, long term hodlers were encouraged to freeze their tokens for up to three years in exchange for a bonus of up to 6%, thereby limiting the circulating supply. By releasing the tokens early, investors fear, the announcement may cause additional sell-offs. The change in schedule was attributed to overseas regulatory regimes, apparently because the lockup bonuses may pass the securities test and hinder the tokens’ ability to be traded in overseas exchanges. “[I]n order to be fully compliant for expansion into Western markets, it is critical that these coins be unlocked,” Chen wrote. “If Elastos is to succeed as an international project, compliance with Western laws is paramount.” He continued: Now that we have been informed that the continuation of this program may cause compliance risk, we feel strongly that this modification is in the best interest of Elastos’ long-term success. Equally important, we want to minimize the risk that the lock-up program’s regularly scheduled annual coin unlocking could subject our community to price fluctuations that are unrelated to the overall utility of the ecosystem. Chinese Investors Cry Foul While Chen and the Elastos team attributed the unlocking to a legal necessity, some were less forgiving. At least 100 investors signed an open letter circulated in Elastos’ Chinese WeChat communities, which accused the company’s cofounders of “eight frauds and manipulations.” The letter from the “Elastos Investor Community Rights Alliance,” which has been clumsily translated to English and posted on Steemit, asserts: Repeated commitments to the community have repeatedly overdrafted the team’s credibility, causing the community to split, large households to sell, and the community and investors suffered huge losses of interests and interests. Regardless of how well or poorly-founded those accusations may be, the predictions of a crash are already coming true: prices of the Elastos token fell by 20% in the hours after the announcement, continuing a steep decline over the course of this year. The author is not invested in Elastos but owns other digital assets. The post Elastos Drama After A Surprise Unlock appeared first on Crypto Briefing.

16 days ago

Elastos (ELA) Community Shaken After Recent Announcement Ending Lock-Up Program

The Elastos (ELA) community has been shaken by the recent announcement by the Elastos team that they would be ending the token lock-up program in November, releasing all available ELA tokens on the market much earlier than outlined in the projects whitepaper. The team explained that this decision was made to help the project meet securities laws in various jurisdictions, including the U.S., and saw it as a necessary step in the long-term viability and success of the ELA project. Tokens will begin being unlocked on November 5th for long-term investors, and November 20th for angel investors. (JF)

17 days ago

New China Blockchain Rules: The Articles Explained

This week, the Cyberspace Administration of China (CAC) released draft regulations for blockchain firms that operate in the country of 1.4 billion people, and it’s inviting public feedback until Nov. 2. The internet regulator on Oct. 19 proposed rules that, according to Article 1, will “safeguard national security and public interests ... and promote the healthy and orderly development of blockchain technology.” A pessimistic interpretation of the CAC’s draft regulations might suggest they are aimed at removing internet-based anonymity, censoring controversial views, requiring the collection of national ID card numbers, and subjecting blockchain providers and users to 24/7 monitoring. But since China’s leadership has vacillated on support for blockchain innovation, the real message is unclear. Ironically, all this is done via distributed ledger technology (DLT) that has been applied elsewhere to protect privacy and free speech, as well as implement a decentralized framework to governance. (Although from India to the USA, regulators have been clear that the cryptocurrency world, at least, will be tamed.) What Chinese officials didn’t clarify is how operators can comply with the above requirements given that blockchain captures immutable records that are publicly viewable. A Set Of Rules - Or Philosophical Intent? According to the English version of CAC’s draft, blockchain firms will undergo an annual review by the central government for compliance with laws and regulations, per Article 5. Article 7 identified regulated sectors such as news, publishing, education, and healthcare, to name a few. When blockchain tech is used in these sectors, they’ll be “subject to the examination and approval of the relevant competent authorities in accordance with laws.” Article 9 prohibits the use of services to engage in activities that “disrupt the social order.” However, some critics claim that Beijing can be heavy-handed notion in its interpretation of social disruption, and that it can include suppressing valid concerns. Article 10 requires authenticating the real-world identity of each user, or else the company can lose its ability to operate. Article 13 forces blockchain firms to “eliminate illegal information in time to prevent dissemination.” And according to Article 14, the “provider shall record the content and log information of ... users. The recorded backup shall be kept for six months and shall be provided” to authorities when requested. Article 15 says that blockchain firms must “consciously accept social supervision”. When they introduce new applications, functions or services, firms must report these to the relevant Internet Information Office, per Article 16. Subsequent articles detail the fines and penalties for violating these rules, including termination of services. Article 22 states that these rules will be applied retroactively to cover existing operators. Taken together, these Articles codify a strong response to the emerging blockchain field - but whether this is an extension of the inter-Ministry “national standards” on which Crypto Briefing has previously reported is not currently clear. Rong Chen, CEO and cofounder of Beijing-based Elastos, told Crypto Briefing that blockchain tech embraces privacy and data ownership. “Out of [data] breaches came innovative solutions and many beneficial outcomes — and an obvious need for blockchain technology,” said Chen. “The evolving landscape has created a necessity for an environment where digital assets are owned, and distributed, directly from the owner rather than a third party, and has driven innovators to build ecosystems characterized by security, privacy, and data ownership.” Together with the news that a Chinese arbitration court has declared cryptocurrencies to be legally protected as property with “economic value”, the news from Beijing and Shenzhen is, as is so often the case, a mixed bag. China’s regime under President Xi Jinping has often demonstrated an ambiguous attitude to blockchain technology - whether this latest missive is representative of a more focused attempt to determine how DLT is used in the world’s largest country is, for now, unclear. The author holds digital assets but none mentioned in this article. The post New China Blockchain Rules: The Articles Explained appeared first on Crypto Briefing.

18 days ago

Xu Jizhe,The Founder of Newton: I Hope Newton Becomes Congested Too

Xu Jizhe is the founder of the Newton Project and was previously in charge of mailbox technology in the early years of Sina.com. He was the CTO of an e-commerce platform and started doing business in 3D printing, smart hardwareand other fields. In 2005, he established the Zeuux community to promote Free Software in China. In 2017, he co-founded the Elastos Project before establishing the Newton Project in 2018. Newton(https://www.newtonproject.org/) is pioneering the Hyper Exchange Protocol (HEP) as infrastructure for the protocol-based economy. Newton firmly believes that users should be owners of their own data and that blockchain technology will transform existing organizational structures, collaboration, and incentive systems, and ultimately achieve the vision that “everyone should benefit directly from economic growth.” On September 3, the Newton Project announced the launch of their NewChainTestNet, and simultaneously released the NewPay wallet app and NewChain Explorer. The first realistic application of Newton, NewMall, will be launched in December, whichisan e-commerce platform on which buying is mining. In this interview, Xu Jizhe sheds more light on the subject, stating that “most tokens are in an air state (that is, just tokens in and of themselves, without any real business model or use case). Ethereum’s congestion is a reflection of its true value. Talking about only TPS makes no sense.” He also believes that one of the most interesting side-effects of the blockchain is to inspire people to not take common sense for granted. The following is a record of the interview between Mars Finance and Xu Jizhe: 2018 is the first year of blockchain commercialization, and scam tokens will disappear even more rapidly. Mars: In 2018, the blockchain market and investment climate have undergone tremendous change, which poses a challenge to all the projects that focused on technical development above all else, and now have to explore real business models. From the development and practices of Newton, which do you think is more important: Your technology development or exploring your business model? Xu: In general, technology development is our project’s foundation, but our business model is the true key to producing value. Before 2018, all projects were focused on developing technical systems. There was no single project that raised the issue of commercialization, and almost no token could answer the question “Why should I use this token?” Mars: From the phenomena you observed, does it seem that most of them are so-called “scam coins”? Xu: I think it’s not just scam coins, but most tokens are currently “in the air.” Nobody uses these tokens for real commercial purposes - they only trade them on an exchange. I define this as the air state. I think that all new technologies go through a period of technical exploration. But if a technology is to hit an inflection point and undergo rapid adoption, it must improve our real lives. Technologies that have achieved this include electricity, steam engines, the Internet, mobile Internet, and inevitably the blockchain. I think 2018 is the first year of blockchain commercialization. From next year on, more and more projects will use the blockchain to solve practical problems. Of course, they’ll also integrate artificial intelligence and the Internet of Things. With the rise of projects like Newton, the market will undergo fund restructuring, which will accelerate the demise of air-state tokens. Mars: In your opinion, isn’t this a business model based on the application of tokens in Ethereum? Xu: Yes. I think there are four kinds of tokens right now: Bitcoin: Digital Gold. Its value is supported by consensus. Just like real gold, the functionality is ordinary, but the value is high and firmly supported by consensus. Ethereum: The Super Mint. ETH is the fuel of this mint. From this point of view, I think ETH has real functional requirements. The long-term value of ETH depends on the technological advancement of this mint. Scam coins: These have no value. Their motivation is “cheating.” Air-state currencies: These are currencies that have no business model or use case beyond being mere tokens. Many people think these have great potential, but in fact their prospects are much smaller than imagined. Worse still, if investors become believers it will cause even more trouble. The value of Ethereum is reflected in its congestion. I hope Newton becomes congested too! Mars: Everyone knows you can never avoid TPS when talking about a public chain project. Do you think TPS is still an indicator that makes or breaks a public chain? Xu: I don’t agree with this view. TPS is a very general concept. When investing in Internet and mobile Internet projects, nobody cares about TPS, but rather the project’s positioning, target users, and business models. Yet the blockchain has a very strange phenomenon - it can’t not talk about TPS. Not talking about TPS could even make you look unprofe

20 days ago

Dapp infrastructure Elastos (ELA) modifies token lock-in and return program

CryptoNinjas Elastos, the company building a blockchain-powered internet infrastructure, announced modifications to its token lock-in program. The organization is set to inform ELA holders who are currently vesting with the Elastos Foundation that their tokens will soon be... Dapp infrastructure Elastos (ELA) modifies token lock-in and return program

21 days ago

Check out Rong Chen’s conversation with Forbes on why Elasto...

Check out Rong Chen’s conversation with Forbes on why Elastos is the leader in the much needed decentralization of… https://t.co/jFKLU4c3oK

21 days ago

New Kids On The Blockchain

With over 11k subscribers on YouTube, the New Kids On The Blockchain are an award-winning team of documentary makers with a thirst for cryptocurrency and blockchain. Starting the channel in 2017 in order to produce a feature-length documentary on the rise (and possible fall) of the ICO. The Kids have travelled the world extensively working with key players and opinion leaders in the space. They have also been following a number of important projects, such as The Pillar Project, throughout the whole stage of their creation, ICO and development, to get the ‘inside story’ on this fascinating world. Some of the people filmed include Roger Ver, Clif High, Ryan Taylor (CEO DASH), Jeff Berwick (The Dollar Vigilante), JSNIP4, Bix Weir, Crypt0, Reggie Middleton and many more and worked with projects such as: Dash, Elastos, EOS, Debitum, Pillar, Veritaseum, PIVX, Cloak, Funfair, Polymath, Oracle, IBM, Ledger, Abra and ICO Alert, to name but a few. The New Kids do quick rundown videos several times a week on the most significant news that comes out of the industry. The rundown videos are around 1-3 minutes long so it’s a good way to keep up to date with what’s going on without eating up to much of your time. Key media partners for a number of blockchain events worldwide they started their channel about 18 months ago to bring quality, informative and intelligent content around blockchain and cryptocurrency as opposed to the usual Moon-Lambo nonsense and host a daily show, weekly show and a wealth of other informative content. As the only ‘Crypto Couple’ in blockchain communication, they also offer a unique viewpoint and well-rounded opinion from different perspectives of the industry. ash@newkidsontheblockchain.com lisa@newkidsontheblockchain.com YouTube.com/c/newkidsontheblockchain www.newkidsontheblockchain.com So head over to YouTube now and subscribe to the New Kids On The Blockchain to keep up to date with everything to do with the crypto space! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post New Kids On The Blockchain appeared first on Crypto Daily™.

22 days ago

Elastos (ELA) Cryptocurrency Down to $8.686989: Down -4.09 Percent on Major Exchanges in the Last 24 Hours: Volume Makes It to $2,427,062

Elastos (ELA) Cryptocurrency Down to $8.686989: Down -4.09 Percent on Major Exchanges in the Last 24 Hours: Volume Makes It to $2,427,062 Elastos (ELA) traded down -4.09 percent on American dollar during the last 24h period closing 13:15 on October 22nd EST. Elastos at this time has a market capitalization of $67,083,006 and its 24

22 days ago

Cryptocurrency Market Update: Has NEM Awoken

FOMO Moments Monday markets are immobile; Nem is rising, Ravencoin is flying, the rest are sleeping. After a slow weekend crypto markets have retreated a little this Monday but are still largely inactive. Total market capitalization has dropped back a fraction but is still holding around the $210 billion level. There has been no movement in the Bitcoin camp which is still stuck at $6,500. BTC has been stuck in this consolidating range and the path of least resistance still seems to be on the downside. Ethereum is also flat with no movement since yesterday leaving it trading at $205. The altcoins are all red during Asian trading today however losses are all very minimal. Stellar and Litecoin are the only two coins in the top ten with a loss over one percent. The rest have hardly moved over the past 24 hours. There is nothing much to write about in the top twenty either aside from Nem which is showing gains of over 6% at the moment. This has taken XEM back to $0.10 as trade volume jumps to $10 million. The Nem Foundation has been busy launching new blockchain hubs in Melbourne and Vietnam as it expands in the region. Recent news that an immersive entertainment experience opening next year on the Las Vegas Strip called Kind Heaven has selected NEM as its blockchain partner would also be adding to momentum. Tezos has also made 2% on the day but most of the other altcoins are in the red with small losses. VeChain is leading them with a dip of 2% on the day and Iota is not far behind. Today’s big fomo pump is Ravencoin surging over 60% at the moment as it climbs the top one hundred. Veritaseum, BAT and Nexo are also doing well today with gains of over 15%. At the messy end is CyberMiles which continues to fall back shedding another 8% on the day. Elastos and DigixDAO are also both losing 6% at the moment. Total crypto market capitalization is still at $210 billion, the same level as yesterday. Markets have not done anything since last Monday’s 15 billon dollar spike. Since this time last month though they are down 6% as the sideways inactivity continues. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Has NEM Awoken appeared first on NewsBTC.

23 days ago

Join @SunnyFengHan and @ClarenceLiu86 in Tokyo today for a E...

Join @SunnyFengHan and @ClarenceLiu86 in Tokyo today for a Elastos Community Meetup at 6PM - Please RSVP! #Elastos… https://t.co/dxEnbCdly7

24 days ago

”Art is the elimination of the unnecessary.” Elastos contin...

”Art is the elimination of the unnecessary.” Elastos continued its forward momentum this week. Let’s recap.… https://t.co/g87L6Scr14

25 days ago

Dr Doom Loses The Fucking Plot Completely

Nouriel Roubini may have chosen the wrong career. Despite a celebrated career as an economist at New York University’s Stern School of Business, “Dr. Doom” seems to have missed his calling in life. He should have done stand-up comedy instead. In a well-received set at an open mic before the Senate Banking Committee, Dr. Roubini repeated many of our favorite punchlines on Bitcoin and blockchain technology—from scams and bubbles to mining and energy guzzling. Although most of Roubini’s remarks reprised the comedy stylings of Warren Buffet and Brad Sherman, the audience ate it up anyway. Although entertaining, critics were less favorable, especially since so much of the material was rehashed. There was some new material, as Roubini took aim at “the nefarious impact of China,” as well as the sinister “role of Russia in the crypto-ecosystem.” While these are popular targets for the anti-crypto crowd, the celebrated economist did not take a moment to wonder if the famously inhospitable role of the United States’ government might have something to do with the fact that crypto innovation is largely happening overseas. Roubini followed his performance in front of the Senate with some more comedy stylings, taking to Twitter to make an even bigger fool of himself - as my colleague said, “losing the fucking plot completely.” 99% of crypto land is one shitcoin traded for another shitcoin. And the average shitcoin lost 90% or more of its value in the last year. So Crypto Land is Crap Land, a cesspool of lunatics with severe Freudian scatological obsessions that swim 24/7 in their own stinking shit. — Nouriel Roubini (@Nouriel) October 11, 2018 Criminals: Hiding In Plain Sight On the topic of investment laws, “most cryptocurrencies are issued in breach of these laws and regulations, under the pretense that they are not securities at all but rather ‘security tokens,” Dr. Roubini said, somehow keeping a straight face. “And they skirt all AML and KYC regulations, leaving the door open to any criminal investor.” I had to re-watch the video to make sure that his words were not misquoted. Yes, there was Dr. Roubini, somehow claiming that cryptocurrency startups had decided to hide their illegal securities by calling them “security tokens.” Perhaps Bugs Bunny is running an ICO. As any regular reader would know, the companies behind STO’s are painfully aware of securities restrictions, often going to great legal expense and trouble to ensure that their tokens can only be held by accredited investors. KYC compliance is a major part of the infrastructure in Security and ICO platforms, as Crypto Briefing has previously reported over and over. One of those platforms is Republic, an online portal which has used its SEC-recognized status to launch dozens of Regulation A+ token offerings—with full KYC. Although Dr. Roubini’s remarks seem to have questioned the very existence of his business, Republic CEO Ken Nguyen took them in stride. “[I] find these damning statements mostly good for their entertainment value, but not particularly thoughtful,” he told Crypto Briefing in a statement. To the question of volatility, he pointed out : Bitcoin and ether are very much viable means of payment, and their “stored value” characteristics are not disputed by market participants or regulators. Any deficiency to date with respect to scalability or absolute decentralization can and will be improved over time. This Transparent Ledger Is Perfect For Criminals But there were a few hecklers in the audience as well. Responding to Senator Doug Jones, who raised the possibility of criminals using Bitcoin to launder criminal proceeds, Zach Warsavage noted that “one thing people frequently fail to realize is that all transactions are tracked and recorded on a public ledger — the last thing criminals want.” That transparent ledger has proven to be law enforcement’s best friend when it comes to catching criminals, drug-smugglers and even Russian spies, a datum which was somehow omitted from Dr. Roubini’s speech. Mr. Warsavage added, Congress needs some serious education on this new technology, and fast, before other countries take the lead on an industry that will not only make the vast majority of our processes and industries more efficient, but will also create jobs, grow the economy, and become a global mechanism of trust. Incidentally, Mr. Warsavage is one to know: as the North American Strategist for Elastos, his employer has built and sold hundreds of thousands of SmartWeb televisions which function as nodes in a decentralized Internet. But that might just be more “nefarious’ Chinese influence. We could go on, and there’s plenty of comedy gold to be found between the lines. We couldn’t help, for example, a wincing smile at the reference to “Krypto-Kitties” in Dr. Roubini’s prepared remarks. But that would get repetitive: most of Roubini’s critiques, particularly towards Ethereum, had to do with the shocking revelation that programming

a month ago

Crypto Execs React to Dr. Roubini’s ‘Damning’ and ‘Disheartening’ Senate Hearing

Dr. Nouriel Roubini, Professor of Economics at the Stern School of Business at New York University, has in the recent days earned the nickname of ‘Doctor Doom’ amongst the crypto community. His nickname is as a result of his constant ‘attacks’ on cryptocurrencies and blockchain technology. In one of his recent tweets Professor Roubini took a jab at Bitcoin (BTC) and its recent volatility as follows: Bull run? Crypto-currencies are bust. BTC down 70% this year. Other major ones down 80%. The rest down 95%. Major cryptos down another 10% yesterday alone. In which La La Land do these Crypto Lunatics live? They can’t think as they lost 90% in less than a year. Wake up! Another tweet would dismiss the Lighting Network and Segwit advancements of Bitcoin: Total vaporware. Scalability achieved via effective centralization and lack of security. Impossible trinity. Always peddling vaporware like 1000s of other shitcoins. Who is using your crappy coin and for what? Almost no one. It is just traded speculative for other shitcoins Senate Hearing, 11th October Earlier on today, Dr. Roubini gave his testimony to the US Senate Committee on Banking, Housing and Urban Development, on the state of cryptocurrencies and the blockchain industry. His testimony has since been made available online. In the well researched analysis of the Crypto and Blockchain Industry, Dr Roubini’s statements can be summarized as follows: Crypto is ‘the mother of all scams’ and a bubble Blockchain is the most over-hyped technology ever, and no better than a spreadsheet/database Crypto is not money and not scalable Supply of crypto is massive Crypto has no intrinsic value Crypto can never replace fiat The real revolution is in FinTech and not blockchain technology Vitalik Buterin is inconsistent and has not provided a scaling solution for Ethereum Cryptocurrencies are only used by criminals and terrorists Cryptocurrencies are not secure There is no true decentralization in crypto and blockchain Crypto investing can not be compared with the Internet era 81% of ICOs are scams and run by Cartels Crypto is manipulated by pump and dump schemes Energy consumption of crypto is an environmental disaster Crypto-land is corrupt, full of con-men and scammers As earlier mentioned, his full testimony is available online in pdf format. The full committee hearing can also be viewed on the Senate.gov website. Reaction by Crypto Execs Since Dr. Roubini made his testimony to the Senate Committe, plenty of cryptocurrency executives have expressed their opinion that generally debunk his comments. Ken Nguyen, CEO of Republic, the AngelList & NEO Global Capital-backed crowdfunding platform for startups and blockchain projects, had this to say: Roubini’s prepared remarks argue that cryptocurrencies are not a viable unit of account, means of payment or store of value. He also stated elsewhere that Bitcoin can’t scale and is not decentralized. I generally disagree, and find these damning statements mostly good for their entertainment value, but not particularly thoughtful. Bitcoin and ether are very much viable means of payment, and their “stored value” characteristics are not disputed by market participants or regulators. Any deficiency to date with respect to scalability or absolute decentralization can and will be improved over time. CoinCenter’s viewpoints are more nuanced and balanced, but that’s not what gets the attention these days. Marshall Hayner, Founder and CEO of Metal, the platform behind consumer grade applications for blockchain-based payments, investing, and rewards added the following: Dr. Roubini’s presentation was disheartening to witness, and his statistics were majorly taken out of context. His comments on prices dropping 80% instills an unnecessary fear in individuals looking to enter the crypto fray, and raises alarms unjustly for those newly invested in the ecosystem. Those of us who have been attuned to the maturation of the industry understand that dips in the market are temporary — and certainly do not negate the lasting disruptive nature of cryptocurrencies as a whole. Dr. Roubini’s testimony today was irresponsible and rooted entirely in his own distrust of emerging technology rather than fact; most of his criticisms, particularly about stability and scalability, are currently being remedied by many well-known companies. I applaud our federal legislators for making strides towards formally exploring what a blockchain ecosystem would look like in the United States, however it is critical that they seek input actual industry experts, and not get distracted by doomsayers on the wrong side of history. Mick Hagen, CEO of Mainframe, the blockchain-powered network enabling censorship-resistant data transfer, file store, and transaction management, had similar views: Dr. Roubini’s comments today, specifically that there is no potential for institutional integration of blockchain technology, are completely unjustified. This year we’ve seen e

a month ago

Joe Crypto: Noah Welcomes A Flood Of Investors

Well today has been a flat day on the cryptocurrency market yet again, in fact it’s starting to feel more like the old-school stock exchange this past week. Much of the volatility has died down and most coins are moving in increments, which the optimists say is a clear sign that the next bull market is coming. That’s about as upbeat as the news is likely to get today, with vast amounts of red and the market just stuck in this zone. So we’ll go with that and then look for a few standout stars that have managed to buck the trend. Overall the total market cap dipped from $221.88 billion to $219.50 million over the last 24 hours to 4pm EST, which is next to nothing. That makes a boost of 14.46% something of a miracle. It’s the market leader once again and we’re kind of shocked by Noah Coin. Why is Noah Coin Doing Well? In adverse market conditions it just keeps climbing the charts. Today it hit a market cap of $89.79 million and the coin is starting to gather momentum. The blockchain technology behind this one is legit, but so niche that the coin’s fortunes might simply be down to the momentum effect described by Yale University recently. The basic plan for the blockchain is to skirt remittance fees charged by the likes of Western Union, so overseas workers from the Philippines can afford to transfer money from Japan. That’s the first step, and it does have potential, but there is competition in the cheap payments sector. Elastos Stretches Limits A 10.77% boost in today’s market is a heroic performance and if the whole market does turn anytime soon then that could be a sign of real momentum growing for Elastos. The growth spurt came after the company revealed it has sold 100,000 SmartWeb Elastos TV boxes in August. This is creeping towards mass adoption and it means the tech is really out there en masse. The box is a combination of SmartWeb internet and a storage system for your media. It’s a computer, in essence, integrated with the TV screen. It operates on the blockchain, but the theory is that users simply won’t know. That has convinced buyers to get behind the ELA token and the price has surged dramatically. The blockchain technology behind the ELA token claims to be the decentralized internet of the future, which effectively separates the dApp from the blockchain and ensures total privacy as you don’t have to stay connected. It can also scale comfortably to millions of users. The fact that it’s really out there was enough to turn a profit on a dark day on the crypto markets. Did Airdrop Spark Nebulas Price Spike? Nebulas is another coin on the move thanks to an announcement that it would airdrop Atlas Protocol (ATP) tokens to all NAS Mainnet addresses on October 15th. Atlas Protocol is a digital marketing and advertising blockchain that has attracted heavyweight commercial deals with the likes of Baidu Ventures and SB China Capital. Nebulas itself is a public blockchain that is open-source and a product of the community. It is focused on a ranked search of the internet, using community feedback. It’s a blockchain search engine that has the potential to go further and act as a verification tool that interacts with other blockchains. The consistent development from an active community means that other applications are always a possibility. A boost of 9.10% in the last 24 hours seems a little much for an Airdrop announcement, but on days like these, where the market is treading water, the daytraders may have jumped on Nebulas. Dentacoin Keeps Confounding Critics Dentacoin added 9.72% to its value after revealing its recent success signing up partners for its mobile payments system. Dentacoin is another odd cryptocurrency that the world was never really sure it needed, but it stuck around like a bad toothache. Argentinian dentists’ network Cool Dent has now signed up and will bring more than 112 separate practices in to the Dentacoin fold. It’s still an unusual concept, but it’s finding a footing. The news sent the market cap to $76.79 million for the 86th ranked coin on CoinMarketCap. Now more than 70 dentists in America accept this coin as payment, but the blockchain itself has emerged as a trusted source of reviews for online dentists. That could be the USP it needs in the end, because without that it seems unusual to get crypto just to give to the dentist. Our Old Friend Electroneum Electroneum was back with a vengeance today, too, climbing 9.59% to outstrip the majority of the cryptocurrency world. The instant payment notifications system has its own momentum right now and really isn’t held by the gravitational pull of the market anymore. Things could change, but this coin is on a charge and is already up to 42nd in the rankings. 0x had another good day, boosting its price by 4.97%. Rumors of a Coinbase listing have drawn the speculative investors and the price just keeps going up. In today’s market, this was a solid performance and it would be wise to keep an eye on 0x if the tide turns. Bad Day

a month ago

Crypto Market Remains Relatively Stable, While Nebulas and Elastos Break Out

The overall crypto market has remained relatively stable over the last 24-hours, with a slight decline in most prices at the time of writing. Bitcoin is currently trading at $3363, a decrease of only 0.3%, while Ethereum is trading at $227.63, a decline of 0.94%. Despite the overall calm, there are a couple projects in the top 100 showing some positive price action. Noah Coin (NOAH) is currently up 14.23% and trading at $0.002771, while both Nebulas (NAS) and Elastos (ELA) are up roughly 12% and trading at $1.98 and $8.94, respectively. (JF)

a month ago

@SunnyFengHan and @ClarenceLiu86 will be traveling to Tokyo ...

@SunnyFengHan and @ClarenceLiu86 will be traveling to Tokyo for a Elastos Community Meetup, join them on October 21... https://t.co/u5n3Wx0PZk...

a month ago

Elastos (ELA) Announces That 230,000 TV boxes are Actively Equipped with Elastos Carrier Service

The Elastos (ELA) team recently posted the following Tweet touting the adoption rate of their Elastos carrier box: “The number of TV boxes actively equipped with Elastos Carrier Service has reached 230,000 consumer owned units! The top 5 brands of factory-installed boxes are: Diyomate, Mango, Lingyun, Myzinda, Tasu. We are well on our way to 1m active Carrier nodes! #Elastos $ELA.” Many feel that the Elastos project is one of the most promising projects helping to bring a decentralized web infrastructure, and it appears as though the adoption rate is increasing. Current ELA price is $7.95. (JF)

a month ago

Elastos reaches 230,000 users to support the new internet infrastructure - A Truly Decentralized Web

As tweeted out on Oct 6th, 2018([https://twitter.com/Elastos\_org/status/1048763612083499008](https://twitter.com/Elastos_org/status/1048763612083499008)), Elastos is well ahead of everyone on the way to mass adoption when it comes to creating a truly decentralized web that is safer, resilient and one that's powered by the blockchain technology. ​ **What is the TV Box?** The TV Box is a set top box that generally contains a TV-tuner input and displays output to a television set and an external source of signal, turning the source signal into content in a form that then is displayed on the television screen. They are used in cable television, satellite television and over-the-air television systems. In other words, you can use one of these boxes to watch various TV channels but in addition, they allow you to perform variety of other functions as well, such as recording TV, remote controlling this from your mobile app, parental locks, etc. ​ **How are Elastos and the TV Box related to each other?** Elastos does not sell the TV Box. Instead, the elastos carrier is installed in this TV Box and is able to utilize different features and functionalities available through elastos carrier - a decentralized peer to peer network. As we know, Elastos Carrier takes over all the network traffic on the elastos ecosystem such as messaging, transferring files, videos, games, applications, data from one person to person in a peer to peer fashion without having to ever go through a centralized server which makes it very secure to use. ​ **What does it do currently?** The TV Box utilizes Elastos Carrier for the remote control app. For example, whenever you want to control this TV Box from your mobile application, the communication is done via elastos carrier. If there was no elastos carrier, this is what would happen: 1. A user clicks some button on his/her mobile app 2. The app contacts the central server 3. The central server relays the data to the TV Box 4. This then triggers some action on the TV Box With Elastos carrier involved, this is what actually happens: 1. A user clicks some button on his/her mobile app 2. Elastos carrier relays the data to the TV Box directly 3. This then triggers some action on the TV Box ​ **What does this mean?** 1. The company behind the TV Box doesn't have to setup or maintain any of the central servers that were previously involved, thereby saving a lot of costs in the process. There are no more servers to manage 2. The communication is done through a decentralized peer to peer network that is autonomous and self-running which is not controlled by anyone and this provides for a secure transfer of data as everything is also encrypted end to end ​ **What will it be capable of in the future?** The TV Box at the moment uses elastos carrier only for the remote control functionality. So, every single one of the TV Boxes that are in the user's hands can be considered to be a node and part of the elastos carrier network. These nodes are simple peer nodes which means they are not currently used to relay data between nodes, instead they're only used to establish connection and receive data from the elastos carrier network. In the future however, the elastos carrier in every single one of these TV Boxes can be updated automatically over the air to provide support for services such as IPFS that Elastos plans to implement eventually. This means that these TV Boxes can be used as IPFS nodes that can be utilized by various DApps and users on Elastos to store their data in a distributed and secure manner whose integrity is protected by the blockchain. And in return for providing their box for this IPFS network, the users of this box can earn some ELA in the process as well. These same boxes could extend well beyond providing services however. For example, executing lambda-esque functions to get a certain result for an application similar to how AWS lambda functions work, or using these same boxes for a decentralized database like system, or utilizing these boxes to build a decentralized search engine. The possibilities are endless and are only bound by one's imagination. ​ **But I don't care about the TV Box nor do I want to buy it, what's in it for me?** The TV Box is just that, a TV Box. Many people might not want to bother buying a TV Box or they may not even be able to buy this TV Box in their area. The TV Box is just a medium. It's elastos carrier that does all the magic in the backend. Other companies such as IoeX will also be embedding elastos carrier in the products they decide to sell such as their smart speakers to the US and Europe customers. Or, there might be other companies who can also start integrating elastos carrier in any of the IoT devices that then automatically become part of the elastos carrier network, thereby growing the overall ecosystem in the process. ​ **What does the TV Box have to do with creating a decentralized web?** Elastos just got out of it...

a month ago

Join @ClarenceLiu86 and the Elastos community in Manila for ...

Join @ClarenceLiu86 and the Elastos community in Manila for a Meetup at ACCELER8 on October 13th 6PM - Please RSVP!... https://t.co/rLSt5cmgGx...

a month ago

The number of TV boxes actively equipped with Elastos Carrie...

The number of TV boxes actively equipped with Elastos Carrier Service has reached 230,000 consumer owned units! The... https://t.co/svlFfTf52v...

a month ago

Cyber Republic Virtual Meetup: Then to Now - The Elastos Evo...

Cyber Republic Virtual Meetup: Then to Now - The Elastos Evolution. Thursday, October 11th 20:00 EST Meeting ID:... https://t.co/somRSMqWSc...

a month ago

Harvard, Hollywood, and Hotlanta... Elastos was on the move ...

Harvard, Hollywood, and Hotlanta... Elastos was on the move this week. Take a moment and follow @Cyber__Republic be... https://t.co/a0y7mJSlSF...

a month ago

Elastos (ELA) Crypto Market Cap Reaches $61,014,563 as Price Down to $7.905159

Elastos (ELA) Crypto Market Cap Reaches $61,014,563 as Price Down to $7.905159 Elastos (ELA) traded down -0.32 percent versus US dollar in the last 24 hours period closing 05:00 on October 5th EST. Elastos at this time has a market capitalization of $61,014,563 and its twenty four hour trading volume is around $3,033,172. During the...

a month ago

Join Clarence Liu and Rachel Critelli in Taiwan for the Elas...

Join Clarence Liu and Rachel Critelli in Taiwan for the Elastos Community Meetup at AppWorks on October 14th 3PM -... https://t.co/ozSkuHUHw2...

a month ago

Elastos is now on Blockfolio Signal! Stay tuned for all of o...

Elastos is now on Blockfolio Signal! Stay tuned for all of our most important announcements and updates. #Elastos... https://t.co/sftJpMlW9F...

2 months ago

Elastos is happy to announce that our co-founder, Feng Han, ...

Elastos is happy to announce that our co-founder, Feng Han, has made a personal donation of $5 million USD to Massa... https://t.co/WaHpJRNOsM...

2 months ago

Video recap from the September 27th Elastos Virtual Meetup @...

Video recap from the September 27th Elastos Virtual Meetup @Cyber__Republic #Elastos $ELA #ElastosVirtualMeetup... https://t.co/kekMlroC79...

2 months ago

Elastos is pleased to formally announce our official partner...

Elastos is pleased to formally announce our official partnership with WeFilmChain. WeFilmChain empowers filmmakers... https://t.co/nG5RC0hL6e...

2 months ago

Elastos (ELA) Volume Reaches $1,079,192 as Price Hits $6.884496

Elastos (ELA) Volume Reaches $1,079,192 as Price Hits $6.884496 Elastos (ELA) traded up 0.88 percent versus USD during the last 24 hours period ending 07:30 on September 27th EST. Elastos at the moment has a market cap of $53,069,367 and its 24 hr volume is around $1,079,192. Over the last seven days, Elastos is 1.84...

2 months ago

Elastos would like to welcome our new advisor, Stanford Prof...

Elastos would like to welcome our new advisor, Stanford Professor Dr. Lei Xing, the Jacob Haimson Professor of Medi... https://t.co/gRnMFBu6HU...

2 months ago

Join the Elastos community at Grey Lynn for a Auckland Meetu...

Join the Elastos community at Grey Lynn for a Auckland Meetup on September 29th - Please RSVP #Elastos $ELA... https://t.co/GvcsUEMTUb...

2 months ago

Elastos Virtual Meetup: Current Progress and Status Thursda...

Elastos Virtual Meetup: Current Progress and Status Thursday, September 27th 13:00 EST Meeting ID: 940755962 Me... https://t.co/8jJUza4ucp...

2 months ago

Elastos and ledger

Hi, So I’m trying to add ledger support for elastos, and I just started doing the research. I made the neo and wanchain apps, so I’m familiar with that side of things. So I have a few questions: 1) is the source code for the web wallet anywhere? It’s usually easiest to integrate with a web wallet or a light wallet. 2) if the web wallet isn’t available is there any JavaScript based light wallet? I looked at the CLI and it’s in golang, which ledger doesn’t support. So that means either building golang support or writing my own light wallet for elastos. It looks like you guys use the standard P256 curve, which ledger supports as cx_curve_secp256r1, so the actual implementation is very straightforward. It’s just gluing it to your blockchain that will take a while. Finally, is there funding for this? Or just donations? It usually takes around three months to do an app implementation. Neo and wanchain had funding, nano I did it for donations. So don’t expect anything soon, but expect at least biweekly updates until I’m done, or I give up....

2 months ago

Watch Elastos North American Strategist Zach give a 5 minute...

Watch Elastos North American Strategist Zach give a 5 minute presentation for a Speed Talk Panel at TokenFest last... https://t.co/DDioE2KYu8...

2 months ago

‘It is in your hands to create a better world for all who li...

‘It is in your hands to create a better world for all who live in it.’ Elastos continued its forward momentum this... https://t.co/cB2yzKVRy3...

2 months ago

“Forever is composed of Nows.” Elastos continued its forward...

“Forever is composed of Nows.” Elastos continued its forward momentum this week. Let’s recap. #Elastos $ELA... https://t.co/oz1qmtXdM5...

2 months ago

Elastos was featured in Entrepreneur Magazine, and as Rong C...

Elastos was featured in Entrepreneur Magazine, and as Rong Chen says, “Everyone in Elastos is an entrepreneur.”... https://t.co/IRPNSZFYEz...

2 months ago

Colorado Authority to Investigate Three Crypto-related Firms Following Unregistered ICOs

The Department of Regulatory Agencies in Colorado will be assessing three crypto-related firms that offer “unregistered Initial Coin Offerings” following a practice by the government to curb defrauding of investors by fraudulent companies. The three firms are Bionic Coin, Global Pay Net, and Sybrelabs Ltd. Other firms which had earlier received investigation orders include Bitconnect Ltd., Magma Foundation, and Bitcoin Investments Ltd. The orders were issued on 24th August, but currently, the firms have not issued any official announcements. (KE)

2 months ago

Elastos will be attending the Token Fest Blockchain Conferen...

Elastos will be attending the Token Fest Blockchain Conference in Boston on September 13-14th. Come visit our boot... https://t.co/GDCBEju4RL...

2 months ago

Bitcoin ETF: Early 2019 a More Realistic Approval Date

The general consensus regarding Bitcoin ETFs has transitioned from “possibility” to “imminent approval” and a handful of analysts are busying themselves with generates forecasts of exactly when they think this might happen. Most recently, some are suggesting that 2019 is the most ideal time for an approval by the SEC. To date, a number of BTC-ETF proposals have been delayed or rejected by the SEC over concerns of uncontrollable volatility, liquidity issues and the real possibility of manipulation. Many investors do not believe that cryptocurrencies will falter in the absence of a BTC-ETF but a large enough number believe that it will take an ETF to truly entice institutional investors and kick off the next bull market. (RS)

2 months ago

Dutch Central Bank Economist: Bitcoin could Correct Before Rallying Even Harder

Joost van der Burgt believes that Bitcoin will go through at least one more strong correction before starting the next rally. The Dutch National Bank policy advisor came to this conclusion by analyzing the correlation between Google searches for “Bitcoin” and the price action of BTC during the cryptocurrency up and down cycles. The results showed that the price of Bitcoin rose each time it was in the news regardless of sentiment. Joost van der Burgt believes that the introduction of CME and CBOE Bitcoin futures actually “might have deflated the bubble before it got to a level where it might burst completely.” (RS)

2 months ago


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