EOS EOS

$5.22
Market Cap $ 4.728 Bn (#6)
24h Volume $ 757.502 MM
Chg. 24h: -2.76%
Algo. score 3.8/5  (#98)
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EOS News

Daily Cryptocurrency News - 13th November 2018

Welcome to the most important cryptocurrency news of November 13th, 2018. Swiss Federal Railway - First Digital Identity Pilot on Ethereum Blockchain This is not the first blockchain related project that Switzerland created. Last year, City of Zug had a government verified citizen ID on a public blockchain. This was created with the help of uPort alongside with ConsenSys. Right now, together with Linum Labs - SBB wanted to create a new blockchain related venture that could bring some real business value. SBB manages over 30,000 employees across Switzerland. And SBB decided to create a solution that could a) Verify the identity of a worker, b) Verify their credentials, c) Record them in a tamper-proof ledger. This project was tested on the public Ethereum testnet - Rinkeby. Connected with uPort, railway workers, supervisors and other authorities can have their own digital identity, linked to their uPort ID. The uPort ID is tied to an identity on the blockchain. The main things that SBB wanted to achieve with this were: A great mobile user interface (UI) and good user experience (UX) - So there could be an adoption of the system. Be useful even for external partners of SBB An open-source system, to achieve network effect and buy-in from the blockchain ecosystem To be in compliance with GDPR and other privacy regulations from Europe or Switzerland The results was amazing, easy-to-use and over-delivered. You can check the UI/UX of the platform as well as many other details in the LinumLabs Medium post Cryptocurrency Thefts - A New All Time High As Hackers Stole Almost $1 Billion The bad news for today are that cryptocurrency thefts reached almost $1 Billion in 2018. CipherTrace , a company that created cryptocurrency anti-money laundering systems, bitcoin forensics and blockchain threat intelligence solutions, claimed that hackers stole $927 million from cryptocurrency exchanges alone.While its almost impossible to trace people that got hacked or scammed from their cryptocurrency, we can estimate the total would surely be above $1 Billion for 2018. The thefts increased by 3.5 times in 2018. This means that not only hackers are finding new ways of hacking exchanges, but also there are some exchanges that doesn’t have a properly made security audit. Without one, an exchange can be hackable and its only a matter of time until hackers will realize. The most notable cryptocurrency exchange hacks of 2018 are: Coincheck - $530 million worth of tokens, mostly NEM; BitGrail - $195 million worth of tokens, mostly NANO; Zaif - $60 million Coinrail - $40 million Bithumb - $30 milion For more details about CipherTrace - you can check Coinbeat’s Article. ConsenSys & Amazon - The Creation Of The First Ethereum Marketplace For Enterprise Blockchain First off, it’s important to note that Amazon won’t be accepting Ethereum as a way of payment. This is not the news is about. Kaleido - a part of Consensys declared they will launch a marketplace of services to help new blockchain projects succeed. Their plan is to bring the business from a proof-of-concept until the working stage. The company will work with Amazon Web Services to create the enterprise blockchain platform. The platform will be a full-stack one, with services that includes native AWS integrations, HD wallets and ID registries. According to Kaleido, they managed to eliminate 80% of the coding work required to build a blockchain project. Besides this, there will also be support and services for: supply chain management,smart contracts, and real-time legal contracts. Kaleido won’t use only Amazon Web Services, but other third-party developers. Though this may sound like a partnership, its important to note that it isn’t one. Its just Kaleido working with Amazon Web Services to help blockchain related idea be brought to life easier and in a more professional way. “The reality is only about 10 percent of an enterprise blockchain project is the blockchain itself. There are many other application, data and infrastructure components required to go into production. I’m very excited that we have a whole cloud of blockchain technologies pre-integrated for our clients to use. The Kaleido Marketplace is a one stop shop for all things enterprise blockchain.” Stellar Lumens Is Now the #5 Cryptocurrency, Moving Ahead of EOS It appears that the ‘EOS craze’ is over, as the cryptocurrency was recent left behind by Stellar Lumens. Most of the cryptocurrency enthusiasts are happy about this, especially after the latest news of EOS not being a blockchain. EOS gained the number five on the cryptocurrency list after a $4 billion ICO results - with many people remaining skeptical about its use-case & TPS claims. At the time of writing the article, Stellar Lumens is in front of EOS with $76 million in market capitalization with a 2.86% decrease for today. But what could be the factors that lead to this? Firstly, there’s the Coinbase listing effect. Recently, two cryptocurrencies from t

3 hours ago

Stellar ultrapassa EOS no Coinmarketcap

Por: Livecoins Olhando para o top 10 das criptomoedas, em um mercado em que o volume e oscilação anda pequeno nos últimos tempos quase não se vê grandes diferenças, mas nessa segunda-feira, 12 de novembro, a Stellar ultrapassa EOS no Coinmarkecap. A Stellar Lumens, representada pelo símbolo XLM, vêm nos últimos dias se valorizando no mercado cripto, que no momento da escrita desta estava com 5 bilhões de marketcap e a EOS estava com 4.8 bilhões por sua vez. Fonte: https://coinmarketcap.com/ Em relação aos três últimos meses, a XLM chegou próximo ao valor de seu topo nesta data, chegando a ser cotada cada unidade em U$ 0,28, e em relação ao BTC chegou ao valor de 0.00004376 satoshis por unidade. Os fatores positivos que estão sendo levantados em torno desta criptomoeda é que é possível que a mesma seja listada em breve na Coinbase, e todas as criptomoedas com rumores de serem listadas por lá aumentam o volume de interesse de investidores. Outro ponto é que o site Blockchain.com está realizando um grande airdrop da XLM com o apoio da Stellar Foundation, e para isso foi destinado o montante relativo a U$ 125 milhões de criptomoedas para serem distribuídas, de forma a aumentar a adoção dos usuários desta rede. Cada usuário pode ganhar cerca de U$ 25 dólares em tokens. Esse no caso seria o maior airdrop já realizado no mundo das criptomoedas, caso tudo ocorra conforme o planejado. Quanto a listagem na Coinbase, os rumores apontam que seria possível que esse ativo digital apareça na plataforma, que recentemente listou também o token Ethereum BAT. Outras listagens sendo estudadas pela plataforma são Zcash, 0x e Cardano, em um plano de aumentar a quantidade de tokens disponíveis para seus clientes. Isso é grande visto que a Coinbase é regulamentada pelos EUA e possui uma avaliação criteriosa de listagem, dando força para qualquer token digital que entre em seu espaço, além é claro de ser uma das primeiras exchanges do mundo. Quanto a EOS, essa perda de força pode ser indicada pelas recentes críticas a sua plataforma, e talvez até pelo estudo que aponta que a mesma não seria uma blockchain. Seguimos acompanhando o mercado cripto, fique ligado com a gente! O artigo Stellar ultrapassa EOS no Coinmarketcap apareceu primeiro em Livecoins.

3 hours ago

Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents

Still, altcoins are weathering strong headwinds. Other than bullish ADA/USD and XLM/USD, EOS/USD, XMR/USD pairs are stable while LTC/USD could below $50. Needless to say, we are overly positive expectant of loss reversals following 10 months of consecutive lower lows. Let’s have a look at these charts EOS/USD Price Analysis Carbon USD—CUSD, is officially the first stable coin on the EOSIO platform. With fiat as collateral, CUSD is also accessible for Ethereum users. But according to the founder, Samuel Trautwein, their grand plan is to transition into this “fiat-backed algorithmically hybrid approach” once it goes mainstream with enough liquidity. As expected, this announcement means there is better interoperability. Moving on, traders can enjoy cheaper and faster settlement than they would on the Ethereum platform. On to the chart and everything is literally slow. Not only are gains no-existent but the tapering volumes is confining price movements inside a $2 range. This accumulation validates our previous EOS/USD trade plan and we suggest executing trades once there are breakouts above Oct 15 highs at $6 or losses below $5. Of course, the former is ideal. It is because of this that we retain a bullish outlook as long as prices are still trending inside Oct 15 high low. LTC/USD Price Analysis Thing is many are expecting higher highs but since LTC/USD is yet to muster enough momentum driving prices above $50, it remains a sell. In line with our last trade plan, we shall take a neutral approach only initiating shorts once there are solid printouts below $50. Related: Gemini Adds Litecoin with Approval from New York Regulators Conversely, it would be ideal if buyers jump in to prevent this depreciation. However, for this to be true then buyers must inject momentum and support prices at spot as they drive them towards $60. Before any of that happen, sellers are in control but to avoid speculation, we recommend taking a temporary neutral stand. XLM/USD Price Analysis On a weekly basis, Stellar is up 14 percent but printing losses in the last day. Regardless, our last XLM/USD trade plan is valid and to reiterate, as long as prices are trading above 25 cents, then aggressive traders can begin initiating longs with stops at 25 cents with modest targets at 30 cents. If today end up higher-as EOS flat lines-then there could flip be a flip. After all, the margins are low and with less than $400 million of value separating them, EOS risks dropping down the perking order. ADA/USD Price Analysis Technically, ADA/USD is trading within a bull break out pattern after impressive gains of Nov 4. And since prices did reverse right off the previous resistance now support trend line, we suggest trading just like as prescribed in our previous ADA/USD price analysis. On every dip, aggressive traders should buy with stops at around 7.3 cents with modest first targets at 9.5 cents clearing Oct highs. Thereafter, it depends on how price action reacts at that price level because break outs would trigger conservative buys with targets at 12 cents. XMR/USD Price Analysis Still in the top-10, Monero is flat and ranging following Oct 11 and 15 counter movements. Though we remain upbeat expecting gains, losses of Oct 11 did trigger sells in a clear break out pattern. Because of this, we need to see strong price confirmations if bulls are indeed in control. Also Read: Withdrawing Crypto to Fiat from BitFinex Now Costs Close to PayPal Note that if XMR/USD declines below $100 our XMR/USD price projection would be null. In that case, further declines would trigger sellers aiming at $70. On the reverse side, it would be ideal if there are breaks above $120 and $130—on the safe side. That would be inviting for bulls aiming at $150 and later $300. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents was last modified: November 12th, 2018 by Dalmas NgetichThe post Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents appeared first on NewsBTC.

3 hours ago

Stellar (XLM) Becomes Fifth Largest Cryptocurrency- Great Times Ahead?

It is rare for positions to be exchanged in the top level of the cryptocurrency market. However, in recent times there has been considerable movements most notably in the top ten cryptocurrencies. XRP has twice come from behind to become the second largest cryptocurrency- temporarily. Now, there have been even more changes in the top ten cryptocurrencies. In the last couple of hours, data from Coinmarketcap have shown that Stellar has climbed up in ranking. According to the website’s ranking, Stellar is now the fifth largest cryptocurrency in the world. The position was initially occupied by EOS which has now been pushed back to sixth. Could this signal a bullish rally ahead? At the time of press, Stellar is trading for $0.265314. In the last 24 hours, the coin has dropped by at least 2%, which is a price correction from yesterday’s price rally that saw the coin trade in the highs of $0.28. For the last couple of days, the coin has succeeded in staying above the $0.25 position which has always been a key position for it. In case it dips below the position, there is always great loss and the higher above the position it is, the more likely it is to soar. For the coin, it is a crucial support level. One reason why the coin is enjoying this recent stability and a prestigious position in the top five ranking in the world is its partnership with Blockchain. Recently, Blockchain.com Wallet announced they would begin supporting Stellar, making it the only fourth coin to be supported by the wallet. The wallet also supports Bitcoin Cash, Ethereum and Bitcoin. Blockchain went on to add that they would conduct the biggest airdrop of $125 million worth of Stellar Lumens. Stellar has been riding on this news since last week and has ensured its stability. On top of marking the biggest airdrop, Stellar will be more accessible in the U.K, where Blockchain.com is a leading cryptocurrency exchange. Stellar is considered Ripple’s greatest competitor. There has been a lot of debate over which one is more superior but, one thing has always set them apart, their ranking in the market. Ripple has always been on top of Stellar. Stellar looks like it might be determined to become better than Ripple in future and this could be settled by Stellar taking XRP’s position. The post Stellar (XLM) Becomes Fifth Largest Cryptocurrency- Great Times Ahead? appeared first on ZyCrypto.

3 hours ago

Craig Wright Is The Donald Trump Of Crypto

Craig Wright has been in the news a lot recently. He’s one of the leaders of the Bitcoin SV (Satoshi Vision) camp which wants to raise the Bitcoin Cash block size up to 128 MB. A letter he wrote to Roger Ver emerged last week in which he threatened to bring down the Bitcoin Cash network if he didn’t get his own way. “Bitcoin [Cash] will die before ABC shits on it. I will see BCH trade at 0 for a few years”, he said. “Side with ABC, you hate bitcoin [Cash], you are my enemy. You have no fucking idea what that means”. Any minute now, he’ll declare that Roger Ver is the Enemy of the People, send a small army to the BCH border, and head over to Putin’s place for some fussball and a couple of cold ones. And now here we are, amidst echoes of 2016 and a certain election. The billionaire disruptor, the pouting outsider, a petulant Twitter personality... a laughing-stock in October who may create another November surprise. Except the angry reality show host this time is Craig Wright, and he stands to control the future of Bitcoin Cash. Bitcoin Cash poised to split Crypto fans - like football hooligans - enjoy a good fight. Most of the time it’s amongst themselves. Tron’s (TRX) Justin Sun loves to spar with Ethereum (ETH) creator Vitalik Buterin; IOHK’s Charles Hoskinson with EOSIO (EOS) developer Dan Larimer; John McAfee against... well, anyone, really. He has guns. Bitcoin Cash (BCH) was always a tinderbox situation. The two sides, the Bitcoin SV posse, and Roger Ver’s ABC pals, were already skirmishing. A jab here, a jab there. The BCH community was already teetering on the brink of war. Now comes the hard fork. It leads to a chain reaction as the great powers take sides. Before anyone has time to write about it, Bitcoin Cash has plunged itself into a civil war. Both sides want BCH to be a global payments system, but they can’t all agree on how to do it (or who should make more money from it). Some hold up banners calling for an evolution to non-cash transactions; others believing themselves to be the real representatives of Satoshi Nakamoto want a return to the network as it looked in the 2008 whitepaper. This bust-up has occupied most of the sector’s news for the past two weeks. But the network will fork this Thursday. Like the armistice, signed one hundred years ago, the guns are supposed to go silent at approximately 16:30 GMT. Peace will be declared and the forks to end all forks (sorry) will be at an end. Peace can only be effectively brokered if both sides can reconcile. But judging by the rhetoric, a cessation of hostilities is still a long way off. Fanning the Bitcoin Cash flames This hasn’t been Wright’s only performance. Earlier this week he confessed that he would happily “bleed” Bitcoin Cash to stop the ABC protocol implementation. He occupies a zero-sum world. It will either be his way or no-one’s. Wright has long claimed to be Satoshi Nakamoto and enjoys his reputation as a divisive, uncompromising figure. He even has a pair of solid brass balls sitting pride of place on his desk. Despite BCH supposedly being the one that most encapsulates the decentralization principle, Wright is seemingly happy to coerce a community of thousands of BCH holders into accepting his will. His toddler tantrums stand in stark contrast to the way some other participants in the struggle are talking. Crypto Briefing asked Ver for his thoughts on the hard fork at the weekend. He didn’t think the network was in danger of a permanent split. He felt Bitcoin Cash’s objective - to create a virtual currency for the entire world - still held the community firmly together. “The current camps in Bitcoin Cash going into the Nov 15th upgrade all agree that Bitcoin Cash should be digital cash for the world,” said Ver in an email exchange. “They just have different roadmaps on how to get there. Since they share the same end goal, there is not as much of a reason for the coin to split.” It seems from Ver’s email that he’s prepared to set differences aside after Thursday. The loser will accept that the best side won. Listen up, Craig Wright If the debate about which hard fork had been kept civilized and above board, this might well have happened. Bitcoin SV makes valid observations but one of its key proponents has lowered the tone to such a level that many on the opposing side will feel frustrated and alienated. It will be a Carthaginian peace. Wright, with his toys-out-the-pram tactics, has all but scuppered the possibility of a peaceful resolution. He has even brought the sector into ridicule. The Financial Times summarized the feud at the weekend as “puerile and silly”. For once, we’re inclined to agree. Instead of winning hearts and minds, Wright has likely sown the seeds of a possible chain split within the near future. He won’t be able to compel the community to follow him onto Bitcoin SV. For a man who claims to be Satoshi Nakamoto, he should know that bully-boy tactics impress nobody, especially via a decentralized network w

3 hours ago

Market Update Oct.13: Bears Are Back, Year-End Rally Nearby?

After a positive week for the alternative coins, a correction came to remind us of the risks involved with market volatility. However, the sharp declines have already been halted for the moment, getting closer to the dangerous $6000 zone. Ahead of the expected Fork of Bitcoin Cash hard fork, the price of the currency has risen by tens of percent and has attracted considerable interest from traders and investors who are eyeing the market. In light of the upcoming decisions regarding Bitcoin ETFs and other financial instruments related to the crypto markets, a trend has recently been initiated by regulators turning to large-volume crypto exchanges that affect the Bitcoin price and other altcoins in order to try to understand the price discovery mechanism. The end of the year is near, and November began with a positive altcoin trend. The recent price hikes brought a positive sign to the market. But if we put the prices of the coins aside and look at the development of the infrastructure, the number of companies, employees and the partnerships that are being formed, one might expect another bullish wave in the near future. Bitcoin continues to be the dominant and leading currency in the market and begins to show signs of stability with support around $6,200. Bitcoin dominance 52.2% | Market Cap: $211 billion | Trading volume: $10 billion Crypto News & Headlines SEC Charges EtherDelta’s Founder for Operating an Unregistered Exchange. The U.S SEC has heavily fined Zachary Coburn for operating an unregistered platform that allows people to buy and sell tokens that the agency had earlier marked as “securities.” Bitcoin Early Adopter Gave Away BTC Worth $100M: The Endless Dilemma. 15,678 BTC was given out in developer bounties by Jeff Garzik who started writing code for Bitcoin eight years ago. The developer is happy that Bitcoin is still around and doesn’t regret giving away that amount of wealth in the early days. VanEck: A Bitcoin ETF Approval Would Mean An In-Flow Of Billions Of Dollars In Investment. Gabor Gurbacs, VanEck’s Director of Digital Assets Strategy, has reaffirmed that the crypto markets will see an influx of investment in billions of dollars, whenever the long-awaited Bitcoin ETF is approved. Weiss Ratings Updates Cryptocurrency Ratings, Labels XRP, Stellar, Cardano, And EOS As “Buys.” The traditional asset rating company has added cryptocurrencies to their index and even gone a step further by recommending buys into XRP, XLM, ADA, and EOS which are among the top ten largest cryptocurrencies by market cap. BitMEX CEO: “We Don’t Trade Against Our Customers.” Arthur Hayes has seemingly replied to a pseudonymous crypto entity who said that their crypto exchange cares more about money than users. Such a thought is nonsensical according to the CEO. Charts Bitcoin Traded around $6,300 support in this range at $6,200 resistance at $6,400 we declined slightly because resistance at $6,500 was not breached. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'VnJqbSRh'; new TradingView.chart(tradingview_embed_options); Ethereum Against the dollar traded around $211 support still holds around $200. Resistance at $215 with the next step being built around $225. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = '13jn4ya1'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.032BTC support is being built around this resistance at 0.00333BTC after a failed attempt to break up the 0.034BTC. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'TifLS8FI'; new TradingView.chart(tradingview_embed_options); Bitcoin Cash Against the dollar trading around $540 and looking for support around $500 resistance at $650, after a sharp rise the correction has come. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'GCN9pFui'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.084BTC, and resistance in this range around 0.088BTC. The peak was at 0.098BTC, and this week the graph shows there is a change of trend in light of the fork. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'DR6DOIFB'; new TradingView.chart(tradingview_embed_options); OMG Against the dollar, support holds around $3. Is this the floor? Traded around $3.20, resistance in this range $3.70. If we breach this price, we’ll get a confirmation that we have touched the floor. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_opti

3 hours ago

Stellar [XLM/USD] Technical Analysis: Bull tries to make an appearance in bear’s realm

The entire cryptocurrency market is seeing a strong bearish trend in the 24-hour statistics as per CoinMarketCap. At the time of writing, Stellar [XLM] is trading at $0.26 with a market cap of approximately $4.9 billion. XLM moved one position ahead by overtaking EOS yesterday and continues to retain its 5th position in the market. However, it can be noticed that the cryptocurrency has slumped by more than 3% in one day. 1 hour: The 1-hour chart of XLM shows uptrends extending from $0.266 to $0.285 and $.259 to $0.272. It also has a downtrend from $0.285 to $0.270, which is currently not testing any support levels. The Awesome Oscillator depicts the entry of a bearish trend as it is forming red bars on the histogram in the current time frame. The Klinger Oscillator has just taken a sudden bullish crossover and has started to move above the signal line, demonstrating a possible short-term bull run in the next couple of hours. Bollinger bands have started to converge, indicating a reduced volatility in the market. This comes after an irregular Bollinger cloud formation in the past. 1 day: The 24-hour chart of Stellar [XLM] shows a downtrend from $0.33 to $0.27, which is testing support at $0.20. The resistance levels are set at $0.28 and $0.33. The Parabolic SAR shows a prolonged bullish signal with the markers constantly staying below the candlesticks and moving in an upward direction. MACD is demonstrating a positive sign as the moving average line took a bullish crossover and the histogram is forming green bars. Chaikin Money Flow indicator has managed to stay in the bullish zone though it is gradually moving closer to the zero line. In spite of the overall bearish market trend in the past 24 hours, the inward money flow seems to be normal in the XLM market. Conclusion: Stellar might see an upward momentum as implied by the long-term indicators. There is a slight chance of bears taking over the market if the investor sentiments continue to diminish. The post Stellar [XLM/USD] Technical Analysis: Bull tries to make an appearance in bear’s realm appeared first on AMBCrypto.

3 hours ago

EOS Arbitrator Intervention Raises More Questions From Critics

Once again, blockchain protocol EOS is enveloped in a controversy over governance and centralization; a controversy, that is, among people who didn’t like EOS to start with. On November 10, Reddit user auti9003 submitted a post to the /r/Cryptocurrency subreddit with the title, EOS centralisation in action: arbitrator rules to reverse transactions from accounts. The […]

8 hours ago

Mad EOS multiplier in Crash game

​ https://i.redd.it/wntanmlzh4y11.png Hey, guys, i have something interesting you need to see, but firstly, short prehistory! To begin with, it was a usual workday for me, i was working like a beaver all day long... and suddenly i got an idea :"True man should has a little time to relax:)". I went to the Dappradar to look what is new on the eos gaming market. Because i wanted to try something fresh based on EOS, unfortunately, it wasn\`t full of propostions, but i\`ve admitted game Crash! So, i thought "let give it chance to surprise me"! To be honest, it wasn\`t hard to understand the rules, cause they are intuitive! But, you can\`t even imagine my face, when i saw what is going on with that game. Multiplier became something out of my mind. Only one understanding of the fact that it is possible to bet 1 EOS and to win much moooore impressed me. Then, guys, i realized that it would cool to make screenshots and post them in social media!

10 hours ago

"What's so significant about #BancorX — besides adding liqui...

"What's so significant about #BancorX — besides adding liquidity to airdrops and EOS tokens — is cross-chain. For t… https://t.co/ortDc0jYKa

10 hours ago

Stellar Overtakes EOS To Become The 5th Largest Cryptocurrency And Craig Wright's Bitcoin SV Leads The Hashrate War

The State of The Market - November 13, 2018 BTC: $6,370.46 (-0.49%) ETH: $208.65 (-1.32%) XRP: $0.5232 (+3.46%) The crypto market continues to trade horizontally, with Bitcoin below $6,400. However, Bitcoin managed to bounce back from $6,350 on multiple instances today. Ethereum, on the other hand, failed to hold on to its support at $210. Also, Bitcoin Cash, after crashing from its high of $635 last week, managed to find its support at $500 and is currently trading at $535. In other news, Bitfinex has announced the launch of Chain Split Tokens (CSTs) for traders to trade the upcoming Bitcoin Cash fork. Both Bitcoin ABC and Bitcoin SV will be available on the exchange under "BAB" and "BSV" tickers, against BTC and USD. However, margin and leverage will be unavailable. Also, Nouriel Roubini, infamously known as Dr Doom tweeted that it was only a matter of time before the FBI 'cracks down' Monero (XMR), a privacy-focused cryptocurrency. A few days ago, he compared cryptocurrencies to North Korea, and Vitalik Buterin as its dictator. 1) Stellar Lumens (XLM) has overtaken EOS to become the 5th largest cryptocurrency by market cap. XLM posted impressive gains over the past two weeks as news of a $125 million airdrop by Blockchain was announced. To date, the altcoin has rallied 27%, and this helped XLM to bump EOS from the top-5. Blockchain planned the airdrop 1-year ago, and Blockchain CEO Peter Smith said that airdrops are "a great way for crypto creators to drive decentralization and adoption for new networks." Meanwhile, EOS has been at the center of controversy as many holders believe the company operates more like a cloud computing service than a decentralized blockchain. 2) With the Bitcoin Cash fork scheduled for November 15, a majority of the network appears to support the Bitcoin SV camp, led by Craig Wright. At least 63% of the hashrate is currently supporting Bitcoin SV, while only 18% support for Bitcoin ABC. CoinGeek, SVPool, BMG Pool, okminer and mempool have announced support for Bitcoin SV. However, on Poloniex's futures market, BCHABC is trading at $415, and BCHSV is at $115. 3) Marshall Islands President Hilda Heine narrowly survived a vote of no confidence over national digital currency plans. Hilda Heine is the only female head of state in the Pacific region, and a no-confidence vote was called after a group of senators challenged her and her plans to support the launch of a national digital currency. The new currency, known as the Sovereign, would be an acceptable form of payment alongside the U.S. dollar. The vote in the legislature split the governing body equally, with 16 votes cast for and against Heine's removal. Since a majority failed to approve the vote of no-confidence, Heine retains her position. (VS)

14 hours ago

Goodbye EOS: Stellar Wins the Spot Among Top-5 Cryptocurrencies

CoinSpeaker Goodbye EOS: Stellar Wins the Spot Among Top-5 Cryptocurrencies Stellar Lumens (XLM) has managed to win over EOS, now XLM is the 5th largest cryptocurrency in the world by its market cap. Goodbye EOS: Stellar Wins the Spot Among Top-5 Cryptocurrencies

15 hours ago

EOS Technical Analysis: Price to see an upward momentum with short-term bull run

November 12 witnessed another staggering moment of the crypto market when EOS was overtaken by Stellar [XLM]. During the last week of April 2018, EOS had grabbed the fifth position on the cryptocurrency market list and has been holding its position constantly since then. However, the cryptocurrency has been moved one position below by its market cap today. At the time of writing, EOS is trading at $5.39 with a market cap of $4.8 billion. The coin has witnessed an insignificant gain of 1.6% in the past 24 hours. 1-hour: EOS 1-hour chart | Source: TradingView In the one-hour chart of EOS, we can see an uptrend from $5.33 to $5.44 and a dominating downtrend extending from $5.78 to $5.46. The Aroon Indicator is demonstrating an uptrend with Aroon Up line crossing the Aroon Down line. However, a slight downtrend is also being experienced during this timeline as the Up line moving downwards. The Awesome Oscillator stays bullish as the histogram displays green lines forming above the zero line. Chaikin Money Flow graph is above the zero line, indicating the inflow of an ample amount of money. 1-day: EOS 1-day chart | Source: TradingView The one-day chart of EOS shows a downtrend from $14.13 to $5.7 and the price has set a resistance level at $10.4. The support can be observed at $0.49. The MACD has shown a slight bullish crossover with the formation of green bars on the histogram. The Bollinger Bands demonstrate less volatility in the EOS market as it’s forming a narrow path. Klinger Oscillator has also shown a bullish crossover as the reading line started moving above the signal line. Conclusion All the indicators in both the timelines are showing a bullish trend. However, the trend seems to be a short-term upward momentum since none of the indicators demonstrated a strong bullish signal. The post EOS Technical Analysis: Price to see an upward momentum with short-term bull run appeared first on AMBCrypto.

a day ago

Block.one Awards Top EOS Hackathon Prize of $100,000 to Team Behind Git Repositories Technology

Block.one, which is behind the EOSIO blockchain protocol, has just completed its fourth EOS Global Hackathon event, which was held in San Francisco. A total of $144,000 in prizes was awarded to a trio of winners, including a top prize of $100,000 that went to Team NouGit, which built “decentralized and incentivized Git repositories.” Among the judges of the competition was Michael Novogratz, a cryptocurrency trader who is at the helm of Galaxy Digital. The challenge to developers was to “build an EOSIO application that fosters a fundamental competitive advantage by implementing a business model that aligns interests among stakeholders and/or drives more value back to users.” (GT)

a day ago

Stellar Overtakes EOS to Become the Fifth Largest Cryptocurrency by Market Cap

Stellar Lumens (XLM) has surpassed EOS as the fifth-largest cryptocurrency by market capitalization on Monday, November 12. At press time, XLM’s market cap, according to data provided by CoinMarketCap, was $5,1 bln, while EOS stood at $4,9 bln. Reaching its 3-month high in USD, the cryptocurrency peaked at $0.283 (0.00004430 BTC) at around 06:00 UTC

a day ago

Riding on Coinbase Listing Update, Stellar Gains Fifth Spot Leaving Behind EOS

Stellar Lumens or XLM has become the fifth largest cryptocurrency by winning over EOS. It stands with market cap $5,093,506,793 as against $4,915,473,123 of EOS. Factors leading to Stellar’s win over EOS Coinbase has recently announced the listing of several new assets to its exchange which also includes Stellar. It announces the listing of Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and Ox (ZRX). Earlier this week, Stellar Development Foundation heads up for the biggest airdrop in crypto history. Interestingly, the total of $125 million worth of Stellar Lumens (XLM) will be released as a give away to its blockchain wallet users. This has definitely risen up the XLM market to interesting highs as more people are showing interest, seeing quite a big fund for giving away. Yet another reason that marks Stellar on top than EOS is “Fake EOS wallet on Google Play”. EOS RIO, EOS developers has been seen warning its users to save from the use of fake version of its App on Google Play, which has negatively affected the volume of EOS cryptocurrency. Since the market is volatile in nature, one cannot definitely state the literal stand of any cryptocurrency. It is however interesting to see whether the price of Stellar is influenced by $125 million airdrops or Coinbase listing announcement or spotlight of Fake EOS wallet on Google Play. Will stellar sustain its position against EOS. Let us know in comments below. The post Riding on Coinbase Listing Update, Stellar Gains Fifth Spot Leaving Behind EOS appeared first on Coingape.

a day ago

XLM climbs up on Binance’s list to become the fourth most-traded cryptocurrency

Stellar Lumens has overtaken Ripple’s XRP to become the fourth most-traded asset on Binance. XLM has been consistently on the news last week with a barrage of announcements as it overtook EOS and became the fifth-largest cryptocurrency [by volume]. Source: Trading View XLM is now the fourth most-traded asset on Binance, just after Bitcoin [BTC], Bitcoin Cash [BCH] and Ethereum [ETH]. However, XLM’s current trading volume on Binance exchange for XLM/BTC pair is $27.21 million, while XRP’s trade volume for XRP/BTC pair is $19.65 million. Moreover, the XLM/USDT trading volume is $12.76 million while that of XRP/USDT is $13.79 million. Cumulatively, the XLM trading volume comes up to $40.33 million while that of XRP is $33.06 million. Bitcoin Cash [BCH] is currently the number one against the BTC trading pair, with trading volume of $62.29 million, and has a trading volume of $38.99 million with USDT pair. Bitcoin paired with USDT has a trading volume of $62.14 million and contributes a total of 11.40% of the total trades on Binance, while BCH contributes a total of $101.14 million in trading volume which is 18.59% of the total trades. Ethereum [ETH] has a total of $48.22 million in trade while, which is 8.85% of the total trading volume. The Ethereum ETH/BTC pair contributes $20.054 while that of ETH/USDT contributes $28.16 million. Stellar Lumens recently overtook EOS, which was at the fifth spot for the longest time. The trade volume of XLM, in a seven-day time frame, increased by an astronomical 125% to reach $121.88 million from a mere $54.07 million, while EOS’ market cap reduced to $4.89 billion. The post XLM climbs up on Binance’s list to become the fourth most-traded cryptocurrency appeared first on AMBCrypto.

a day ago

Stellar Lumens Rallies to Take the #5 Spot Away From EOS

Data from CoinMarketCap shows Stellar Lumens (XLM) comfortably sitting amongst the top-5 cryptocurrencies. XLM posted impressive gains over the past two weeks as news of a $125 million airdrop by Blockchain was announced. To date, the altcoin has rallied 27% and this helped XLM to bump EOS from the top-5. Blockchain planned the airdrop about 1-year ago and Blockchain CEO Peter Smith said that airdrops are “a great way for crypto creators to drive decentralization and adoption for new networks.” Meanwhile, EOS has been at the center of controversy as many holders believe the company operates more like a cloud computing service than a decentralized blockchain. (RS)

a day ago

XRP Experiences Sudden Surge as NEM Climbs to Nine-Week High

XRP surged more than four percent in a matter of hours, taking its price once again above the $0.52. Presently, there are no clear indications for the surge, but the positive developments concerning both Ripple and XRP continue to saturate the news. Meanwhile, Bitcoin, as well as the other top-ten altcoins continue to post positive numbers in the day’s trading. XRP up by Over Four Percent Within a space of fewer than two hours on Monday, XRP surged from $0.49 to $0.52. The hourly chart for the third-ranked cryptocurrency currently shows the presence of a robust buying momentum. This trend is likely because of an influx of traders looking to purchase the coin in the hopes of an even more sustained bull run. However, the strong buying momentum developing for XRP might cause a trend reversal as sudden as the surge in the first place. XRP will need to surpass and hold the $0.55 resistance level to form a new higher high. The last time the price of the token reached the $0.55 threshold, it lost 11 percent over the course of a few days. NEM Surges 25 Percent to Reach Nine-Week High 17th-ranked NEM is one of the biggest gainers on Monday, surging 25 percent to reach a nine-week high. Unlike XRP, the NEM surge is perhaps easier to explain given the recent news of Coincheck reinstating trading of the cryptocurrency. It is, however, important to note that the price surged began almost an hour before Coincheck posted its official announcement. At the height of the rally, NEM crossed $1 billion in market capitalization, its highest level since the start of September. As at press time, a minor pullback has seen the token’s market cap fall back below the billion-dollar mark. At the start of the year, hackers stole half a billion dollars in NEM tokens from Coincheck in one of the biggest cryptocurrency heists in the history of the industry. DASH and IOTA Fail to 50-EMA Apart from XRP, Bitcoin, as well as the other top-ten altcoins also posted marginal gains. Bitcoin, the top-ranked cryptocurrency is hovering above the $6,400 mark, up by almost 0.5 percent over the last 24 hours. XLM recently upstaged EOS to occupy the 5th position based on market capitalization. Its token price is up by almost 0.3 percent within the last 24-hour trading period. Outside of the top ten, both DASH and IOTA have experienced similar price gains while both failing to break their respective 50-EMA. Image courtesy of Shutterstock and Coinmarketcap. The post XRP Experiences Sudden Surge as NEM Climbs to Nine-Week High appeared first on Ethereum World News.

a day ago

Stellar (XLM) Becomes Top-5 Cryptocurrency Pushing Out EOS

Open source cryptocurrency transfer protocol Stellar’s Lumens (XLM) token has entered the top five cryptocurrencies by market cap the week after its $125 million deal with Blockchain. Stellar Lumens Beat EOS To Top 5 Data from Coinmarketcap confirms the repositioning, which gives XLM a market cap of $5.15 billion and relegates TRON to eleventh place and edging out EOS from the Top-5. Stellar (XLM) 00 has seen considerable publicity over the past weeks after executives announced a giveaway campaign with wallet provider Blockchain worth $125 million. As Bitcoinist reported, the campaign was ostensibly designed to draw attention to cryptocurrency more generally among the wider populace, but XLM immediately profited, bucking the general trend to stave off losses taken by other altcoins since. “We’ve already shared our thoughts on how Blockchain Airdrops are a great way for crypto creators to drive decentralization and adoption for new networks. We think they’re great for crypto users too,” Blockchain CEO Peter Smith wrote in a blog post about the giveaway, which is open to anyone with a Blockchain wallet. “...We’re starting with Stellar because its network is built for scalability.” EOS Battles Publicity Crisis Stellar has instigated mass XLM giveaways before, a blog post of its own describing the feature as “core” to its “vision and strategy.” “...The network has grown enough for mass distributions to make sense,” executives wrote. XLM outmaneuvers EOS to enter the crypto top five, the latter facing fresh controversy this week after it emerged agents had the power to reverse transactions which had already confirmed on its network. Currently causing furor on social media, the case in question involved an EOS account which had been phished and funds moved without the owner’s permission. Settling the issue, an EOS ‘arbitrator’ took the decision to simply reverse the transactions, leading to criticism of the protocol’s ethics. In an interview last month meanwhile, CTO Daniel Larimer dismissed the need for decentralized features in EOS, claiming the concept “isn’t what we’re after.” What do you think about Stellar reaching the top five cryptocurrencies? Let us know in the comments below! Images courtesy of Shutterstock The post Stellar (XLM) Becomes Top-5 Cryptocurrency Pushing Out EOS appeared first on Bitcoinist.com.

a day ago

Podcast Transcript: DDEX Co-Founder Bowen Wang

Checkout our Latest Podcast with DDEX Co-founder Bowen Wang We are delighted to bring you our latest podcast with Bowen Wang, founder and COO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x Protocol each month and ranks 13% of trades amongst decentralized exchanges, 2nd after IDEX. In this episode, Bowen and I discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowen‘s advice on approaching Chinese regulators for blockchain projects, and insights on hiring developers and community members out of China. New DDEX Wallet: Bringing Decentralized Trading To Mobile Basic DDEX trading: DDEX Trading — Getting Started Joyce Yang I’m your host Joyce Yang and our guest today is Bowen Wang, co-founder and CEO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x protocol each month. In this episode, we discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowens advice on approaching Chinese regulators for Blockchain projects and insights on hiring developers and community members out of China. Bowen Wang Hello, this is Bowen Wang from DDEX. I’m the co-founder and CEO of DDEX. I graduated from NYU 2 years ago and before starting the company, I used to work at Zhenfund, which is Sequoia’s early venture firm investing in early stage companies. And back while I was in Zhenfund, I was specifically looking into the Blockchain company and also Blockchain related app company. So I was the first one who actually invested in ImToken and also Lino and also many of the other projects in the Blockchain space. And then we started a friends and family fund by ourselves, and then we discovered that few people hold their tokens long term. They have to have a marketplace to buy and sell. And so over the course of a weekend, we had 3 co-founders come together just trying to build a decentralized exchange in Starbucks. And then we figured out that it’s actually something that’s workable and then we quit our job and put our full hands on it. So then we got the investment from Initialized Capital and also Zhenfund for seed round funding, and we launched it in January 2018. And since then we have been up and running for more than 10 months already and also we have like have aggregating volumes for more than 400 million dollars. Joyce Yang Wow! That’s great. And just to give our listeners a quick understanding, you’re based in China right now with your team. And how big is your team? Bowen Wang So right now we’re based in Beijing. And the Beijing team has more than 25 members. Joyce Yang Wow! That’s quite big. And you grew that from 3 people since raising funding last year essentially. Bowen Wang Yeah, since 12 months ago. Even before like 6 months ago we only had like 8 people. Joyce Yang Yeah, that’s great. Just at a high level, how’s the crypto market in China right now? You kind of see a lot of what’s going on the East as well as in the West, and you are based in Beijing where you know a lot of the government officials and regulations are actually made. If you could give an idea what’s going on and the crypto regulations product, also the Blockchain development front. Bowen Wang Let’s talk about like the government policy. For now, the one top priority for the government is to stop the Fiat entrance for crypto market, which means that you cannot buy Bitcoin or Ethereum from any kind of central exchange just like people in the U.S. use Coinbase. And the reason why is that they want to stop like capital outflow or money laundering activities from a macro perspective, but from a development perspective, there have been really a growing number of developers coming to Ethereum and learning about solidity and there’s many. So like on Coin market cap of the top 100 Tokens, like 30 percent of them are coming from China. So there’s many other new layer-one blockchain teams that are trying to kind of revolutionized EOS or ETH from different architecture like DAG or DPOS. And there are also different like layer 2 protocol, which actually wants to do a scalability solution on Ethereum. And also there are many of the D-Apps coming up like Cryptokitties is in China and also like the U.S. developer community are really huge in Asia and people are developing U.S. wallet US D-App, US gambling game. And also kind of 30 percent of the U.S. Block producers are located in China. And as you all know, Bitmain is in Beijing, most of the majority of the mining pools are located in China and also there’s a huge line of like a manufacturing mining in the middle of nowhere like southeast China and Northeast China in the markets. Joyce Yang So you’re saying that the Blockchain community is very strong from what you’re seeing in China. Bowen Wang I always say it’s substantial, and also Bitmain is looking into IPO in Hong Kong markets either by the end of this year or at the b

a day ago

Fake EOS Wallet on GooglePlay Taken Down on EOS Rio Signal

EOS Rio reported the SimplEOS wallet, which has been subsequently removed from the app store.

2 days ago

[De]centralized EOS Network Adds Its First Stablecoin CarbonUSD, Debates Unfold

CoinSpeaker [De]centralized EOS Network Adds Its First Stablecoin CarbonUSD, Debates Unfold Last few days, a screenshot is seen circulating on social media revealing a decentralized blockchain protocol EOS practicing authority over its network. Meanwhile, first stablecoin - CarbonUSD - added to the ecosystem. [De]centralized EOS Network Adds Its First Stablecoin CarbonUSD,...

2 days ago

Stellar Lumens [XLM] dethrones EOS; becomes fifth-largest cryptocurrency

Stellar Lumens has been on a roll recently, and now, has overtaken EOS to become the fifth-largest cryptocurrency in the world in terms of market cap. The trade volume shows that high volatility is playing a crucial role in the XLM market. The trading volume of XLM is holding at $113.4 million, which is a whopping 99.51% increase in a seven-day time frame. The market cap of XLM crossed the $5 billion line and peaked at $5.39 billion. The market cap faced a correction and reached $5.23 billion later. XLM is currently holding a strong market cap of $5.23 billion after overtaking EOS, while EOS’ market cap has fallen below the $5 billion line to reach about $4.88 billion. Source: CoinMarketCap XLM is currently undergoing a 3.3% hike in price in the past 24 hours, while the price of XLM reached a new high within the seven-day range at $0.2835. The prices have slumped since and reached $0.2766. The announcement of XLM’s air-drop in partnership with Blockchain company has raised a lot of eyebrows as it could be the biggest air-drop in the crypto-space and as per the announcements, the air-drop in total is worth $125 million. The trading volume of EOS is well above that of XLM at an excess of $666.01 million. EOS was in the spotlight a few weeks back due to the research published by Whiteblock which claimed that the EOS is nothing more than a cloud service. The research which was commissioned by ConsenSys to Whiteblock further claims that EOS lacks the most basic feature of the blockchain, “immutability”. The only respite that the EOS community can find is from the new stablecoin ‘CarbonUSD’ that was launched on the EOS platform. The bad news seems to find its way back to EOS as there was a fake app on Google Playstore that claimed to be developed EOS RIO. However, EOS developers in Brazil [EOS RIO] released a statement which stated that the official app is yet to be developed. The post Stellar Lumens [XLM] dethrones EOS; becomes fifth-largest cryptocurrency appeared first on AMBCrypto.

2 days ago

EOS ‘Reverses’ Previously-Confirmed Transactions as Pundits Decry Centralization

A reported lack of decentralization forms fresh wave of EOS criticism after transactions from a phished account are reportedly reversed by an EOS arbitrator

2 days ago

Fake EOS Wallet Found Stealing User Funds

A fake EOS wallet app on the Google Play store has been stealing cryptocurrency. EOS developers took to Twitter Thursday morning to warn the community. A Reasonable Facsimile EOS RIO is an independent software firm based in Rio de Janeiro. The group is designated as one of the 21 ‘Block Producers’ for EOS, one of […]

2 days ago

EOS Lands its First Stablecoin

This week New York-based blockchain startup Carbon-12 Labs (Carbon) announced that its stablecoin CarbonUSD (CUSD) would be available on the EOS platform. CarbonUSD originally launched on Ethereum protocol on September 12 and the stablecoin is pegged at a 1:1 ration with U.S. dollars held in FDIC-insured accounts. CUSD founder Samuel Trautwein explained that EOS is available on EOS and Ethereum blockchain as “Carbon’s interoperability solution allows users to transfer their tokens with even lower fees and faster settlement than on Ethereum.” CUSD is backed by Nevada-based Prime Trust bank and the company is regularly audited by Cohen & Co. (RS)

2 days ago

Sentimental Analysis for Cryptocurrencies- November 11

Cryptocurrencies are in a very difficult territory where no fundamental or technical indicators is actually affecting the price than the sentiment of the community. Every news article or a social mention is actually driving the trend and direction of where the prices are heading to. Although most of the sentiment is derived from the sentiment of the Bitcoin- the largest cryptocurrency, still some altcoins have their specific pros and cons that change their variance from that of Bitcoin. Let’s look at the few indicators that are used widely across to determine the sentiment. Bitcoin Sentimental Analysis As mentioned it’s the largest coin in the market that decides most of the trend for the crypto markets is necessary to understand that sentiment it garners among the community. A lot of news flow and sell off has dampened the short term sentiment but yes there are some long-term positives which make Bitcoin an interesting study. An analysis of its social mention and greed and fear index would give us a clear idea of what is happening Analysis Type Tool Analysis- Score Sentiment #BTC - Hashtag Analysis Keyhole Score: 87 Positives: 46.7% Negative: 5.6% Neutral- 47.7% Neutral to Positive- Positive seem a mild rise #BTC- Social Media Mentions Social Mention Sentiment 6:1 in favor of positives With 169 scores towards neutral and 11 in favor of Positives Neutral to Positive Fear to Greed Index Alternative.me Score 54-Neutral Neutral Fear to Greed Index CNN Money Score 18 -Extreme Fear Negative Postives backing Bitcoin according according to the mentions on social media. Fear and Greed index is slowly moving towards Greed in terms of rating. CNN Fear and Greed index is still showing Extreme fear which means there is still buying oppotunites in the market as people are fearful to neutral. Still we see continuing stability till we hear some real good news Altcoin Sentimental Analysis Fear and Greed index is only available for BTC as not may altcoins have all components required to calculate it Altcoin Keyhole # analysis Social Mention Sentiment ETH- Ethereum Score - 90 49.5% Positive 5.5% Negative 45.1%- Neutral 19:0 towards Positives Neutral 160 Neutral to Positive- looping to positives XRP- Ripple Score 86 29.5% Positive 3.4% Negative 67.1% neutral 6:1 towards Positives Neutral 173 Neutral to Positive, Neutrality rising BCH- Bitcoin Cash Score 65 20.8 % Positive 10% Negative 69.3% Neutral 9:1 towards positives Neutral 180 Neutral to Positive- Positives sneaking up EOS Score 77 27.3% Positive 8.7% Negative 66.0%- Neutral 23:1 towards positives Neutral 163 Neutral to Positive- Postives rising XLM-Stellar Score 91 39.2% Positive 2.6% Negative 58.2% Neutral 4:1 towards positives Neutral 184 Neutral to Positive, Positive rises Its all about BCH which will see a hard fork coming on 15th November 2018. And that positive spillover is seen on all altcoins. It all seems positive for now for alts but still we will have to wait and see how does the fork comes out for the BCH and also if there would be a ceasefire between the currently divided BCH community. Rest all looks flat to positive for all the top altcoins Will this sentiment actually pull back the prices? Do let us know your views on the same The post Sentimental Analysis for Cryptocurrencies- November 11 appeared first on Coingape.

2 days ago

Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork

Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on Sunday, Nov. 11. Also read: Bitcoin Cash Miners Break Records Processing Multiple 32 MB Blocks Digital Assets See Some Slight Losses Over the Last Three Days Cryptocurrency markets have had an interesting week after a long period of boring price action and stability. Last week bitcoin cash markets lead the pack out of all 2000+ digital assets, climbing over 51% in value and touching a high of $638 per coin. Digital asset markets, in general, have all seen some slight losses as the top ten cryptocurrencies are down 1-3% except for stellar, cardano and the stablecoin tether. The entire market valuation of the whole crypto-economy is worth $215.9 billion and there’s been $11.5 billion in global trades over the last 24 hours. The top 10 cryptocurrencies on Nov. 10, 2018, at 10:00 a.m. EST. Bitcoin core (BTC) prices are hovering around $6,406 per coin and there’s around $3.7 billion in global BTC trade volume today. Following the BTC action, ethereum (ETH) prices are around $211 per ETH and the cryptocurrency is down 0.3% this weekend. Ripple (XRP) is down 0.9% today and each XRP is being swapped for $0.50 per token. Lastly, eos (EOS) has been officially bumped out of the fifth largest market capitalization and stellar (XLM) has taken its place. Stellar is currently trading for $0.26 per token and markets are up this Sunday 4.5%. Bitcoin Cash (BCH) Market Action The fourth largest market capitalization held by bitcoin cash (BCH) is down 0.5% over the last 24 hours. Data stemming from the last seven days shows BCH is down 1.7% overall for the week. Currently, BCH is trading at an average of $544 per coin with a market valuation of about $9.4 billion. The last 24 hours of trade volume shows BCH markets swapped $641 million this weekend. The top exchanges swapping the most BCH today include Lbank, Okex, Hitbtc, Binance, and Huobi Pro. The trading pairs today dominating BCH markets include USDT (35.2%), BTC (35%), ETH (10.2%), USD (7.7%), and KRW (3.1%). Bitcoin cash (BCH) daily. Nov. 11, 2018. BCH/USD Technical Indicators Looking at the 4-hour charts for BCH/USD on both Bitfinex and Bitstamp shows BCH bears may be feeling some exhaustion in the short term going forward. Currently, there looks like a trend shift is in the cards as the 100 Simple Moving Average (SMA) has crossed above the long-term 200 SMA. This indication is positive for the bulls as the path towards the least resistance is essentially the upside. The Relative Strength Index (RSI) shows things are meandering in the middle (-44.02) but definitely closer to oversold regions. BCH/USD Bitstamp 4-hour at 10:15 a.m. EST. Nov. 11, 2018. The stochastic oscillator indicates a similar reading and the MACd also shows there’s currently room for improvement going forward. Order books show a similar forecast too as bulls need to muster enough strength past the $566 region to gain a lot more momentum, and there will be another pitstop at the $600 zone. On the backside, there is plenty of foundational support at the time of publication between the current vantage point and $495. BCH/USD Bitfinex 4-hour at 10:00 a.m. EST. Nov. 11, 2018. The Verdict: Traders Assume the Pending Fork Will Affect Markets Before, During, and After the Fork Most traders seem positive that the price of BCH will trend higher as the fork approaches due to the memories of prior forks in the past. The 100-day average shows there is a lot of room for improvement over the next four days. Furthermore, BCH/USD short positions are at an all-time high this weekend which means a good majority of traders are betting against a rise. BCH/USD Shorts on Nov. 11, 2018. However, others believe that these traders are setting themselves up for a “big squeeze” and expect prices to spike unexpectedly. With the fork approaching and especially the contentious nature surrounding it, it will likely drive markets in certain directions before, during, and after the network changes. Per usual in crypto-land, bitcoin traders are expecting the unexpected to take place next week and most are just crossing their fingers hoping they chose their positions correctly. Where do you see the price of bitcoin cash and other coins headed from here? Let us know in the comments section below. Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.” Images via Shutterstock, Trading View, and Satoshi Pulse. Want to creat

2 days ago

EOS Arbitrators Reverse A Confirmed Transaction

According to a screenshot that is being circulated on Reddit, EOS Arbitrators recently reversed a confirmed transaction. An anonymous user, who reportedly lost their keys to a phishing attack reached out to EOS with their complaint, and the network chose one Ben Gates as an arbitrator to resolve it. Gates ruled that the funds should be returned to the claimant. With a small set of people wielding a large amount of power on EOS, users question if it is a blockchain in the first place. Whiteblock, a blockchain testing firm, called EOS a cloud computing service rather than a decentralized blockchain. Controversially, Daniel Larimer, the creator of the EOS protocol in a recent interview said they are not interested in decentralization. EOS is priced at $5.35, losing 0.91% in the last 24 hours. (VS)

2 days 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.

3 days ago

Stellar (XML) Surges by 7% as the Crypto Market Continues to Struggle

Today, Stellar Lumens (XLM) has registered a 7% gain going against the flatline trend in the crypto market. BTC, LTC, ETH, XRP, and EOS have gained less than 1% in comparison. XLM’s cumulative surges for this week have hit 13%. This news comes after the firm announced a forthcoming 500 million XLM (approximately $125 million) airdrop on Tuesday. The news of an airdrop surprised the crypto community in light of the assets involved and the fact that airdrops are now closely associated with failed ICOs. However, Stellar’s founder Jed McCaleb said airdrops are significant in building a ‘more inclusive digital economy.’ (KE)

3 days ago

The Blockchain Startups You Need To Hear About

It’s safe to say that the blockchain industry is thriving at the moment. Whilst this is a good thing, it does make it very hard for us to pick out promising blockchain ideas that are calling out for our investment. Overall, the industry is a maze of startups, new ideas and growing innovations. It’s exciting to be a part of, and it’s an industry that is going to be cooking for many, many years to come. American Inno have recently published an article that highlights their 11 most exciting blockchain startups, across 11 different cities, we want to dive into this to pick out a few of our favourites. Blockchain technology does not just mean cryptocurrency, therefore some of the mentioned projects are focusing on many other aspects of blockchain technology. Remember that this is opinion based and we are by no means telling you to invest in these projects, at the very least though, it’s exciting to explore. According to American Inno: “Blockchain startups have raised nearly $4 billion in VC in 2018 to date, a 280% increase from last year’s record pull. And blockchain extends way beyond the crypto space, infiltrating a variety of industries from healthcare to media. To shine a spotlight on the blockchain innovation that’s happening across the Inno network, we asked our writers to offer up a local startup in this space that’s caught their eye.” Factom Factom is a project that already hosts a tonne of value, around $500 million worth to be exact. Factom has been backed by Tim Draper, which in turn is helping to draw a lot of attention to this project, according to American Inno: “Factom, which has backing from Tim Draper, has landed contracts to protect data housed by the U.S. Border Patrol, the Department of Homeland Security and the Bill and Melinda Gates Foundation. Factom’s other co-founder, Jack Lu, also launched Wanchain, which has landed millions in Ethereum and provides cross-blockchain functions.” What is Factom? Well, according to the Factom website: “At Factom, we make the world’s systems honest and build trust between organizations, people and institutions today, solve hard problems through the utilization of Factom’s Blockchain. We see a future world where fraud, corruption, and forgery are a thing of the past. We believe in keeping private data private and securing the world’s wealth because privacy and possession of property are basic human rights. Life can be a little more fair with Factom.” Coinigy Coinigy is a brand new crypto portfolio management, according to American Inno: “A cryptocurrency startup in Milwaukee called Coinigy gives crypto traders the tools they need to buy, sell and manage their portfolios. Users get access to data on more than 40 exchanges and the ability for users to trade on nearly 20 exchanges. Though the company was founded in 2014, it just launched its mobile app in May to let traders trade on the go, and now has upwards of 80,000 users, roughly half of which pay about $20 per month for the product. And the founders say revenue has grown 300 percent year-over-year, which is pretty impressive.” And, according to the Coinigy website: “Coinigy is the best way to access the global financial markets of the future. Businesses small and large rely on our data to power their decision-making. We are a group of dedicated developers, traders, analysts and evangelists that believe in the upcoming paradigm shift that cryptography and the blockchain are bringing to the global financial industry. We built Coinigy because we are passionate about open, transparent markets and aim to be a major driving force in widespread adoption. Our goal as a company is to empower 100,000 people through powerful tools and education.” Block.one You’ve probably heard of these guys. The last of American Inno’s recommendations that we wish to touch upon is Block.one, the startup behind the EOS project. All things considered, it’s pretty clear why Block.one are quite a big deal and why we believe they are still one to watch. According to American Inno: “The maker of the world’s fifth most valuable cryptocurrency expanded its footprint in a major way this year. The blockchain company, which has offices around the world and was founded just a couple years ago, moved into its own 30,000-square-foot building in the Virginia Tech Corporate Research Center in October. Block.one created EOS, which raised $4 billion in an initial coin offering, and it’s backed by Peter Thiel — making it by far Central Virginia’s biggest blockchain startup.” Now, as stated, we’re not telling you that these are the projects to invest in, however we do believe it is worth your while looking into them and doing some further research. Each example is exploring a very unique area of blockchain technology, yet together, all these projects are working together to bring blockchain technology to the mainstream. They are doing great things for themselves, their investors and the entire blockchain adoption movement. googletag.cmd.pus

3 days ago

Bancor Begins Token Swaps Between EOS and Ethereum

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

3 days ago

NEO Founder: “Blockchain Can Barely Survive Within the Existing Financial Regulation System”

Da Hongfei, Founder of NEO —the blockchain known as the Chinese Ethereum— was recently interviewed on the Project’s official blog on the occasion of the second anniversary of the launch of its mainnet. Mr. Da comments that the gaming industry has strongly influenced the development of his blockchain. He remarks that the financial market, although having an immense potential to contribute to the growth of the ecosystem, has slowed its progress due to excessive regulation: “In the early days, people were expecting to see blockchain being applied to the finance industry as the new technology may disrupt the traditional finance industry. However, implementation has been faced with regulatory barriers as the finance industry is strictly regulated virtually everywhere in the world. There are only two possible ways to integrate blockchain into finance industry by either cooperating with a licensed traditional financial institute ... or you may bypass the license by doing something that doesn’t need a license ... In essence, blockchain can barely survive within the existing financial regulation system.” For The Mastermind Behind NEO, Games and Blockchain Can Walk Together He remarked that for the dream of adoption to be fulfilled, it is necessary to promote the development of more applications. Currently, software development in blockchain technologies is at a very early stage, so real applications tend to be very limited: “Gradually some game developers turned to NEO for development and noticed that game development is also popular in other platforms like Ethereum. Game assets and tokens go together naturally. However, some existing blockchain games only add a few blockchain compatible features, e.g., some game’s digital assets can be recorded on-chain. For such games, their blockchain compatibility is merely an add-on feature, in essence, they haven’t been turned into so.” Da Hongfei said this problem might complicate adoption as the public will not feel the need for blockchain technologies. Like Eric Vorhees, Da Hongfei is convinced that embracing of cryptos and DLTs is a gradual cultural process that will increase as the public feels comfortable near this innovation. Healthy Competition is Good for Business For the man behind NEO, the launch of competing projects such as EOS or TRON represents a threat; however, the NEO team takes this as a challenge to develop an increasingly secure blockchain in which adoption is a concrete possibility. “ There are many public chains, but we are running short of upper-layer application and developers. It’s like you have developed an operating system, but there are no apps running on it, without which the operating system is same as dead. Yes, we do feel some sort of threat. Facing the competition from our peers, NEO reacts by exploring how to develop an ease-of-use and developer-friendly public chain. For example, we think docs and tutorials are important as they can quickly teach a developer to develop smart contracts on NEO.” The post NEO Founder: “Blockchain Can Barely Survive Within the Existing Financial Regulation System” appeared first on Ethereum World News.

4 days ago

EOS Developers Warn Users Against Malicious SimplEOS Wallet App Found on Google Play

EOS RIO organization, a Brazil-based group of EOS developers, has warned users against a fake SimplEOS Wallet Application found on Google's play store. The fake SimplEOS App is reportedly used by fraudsters to get the private keys of users. According to a report by The Next Web, the malicious SimplEOS App has been taken down. Currently, it is not known how many users downloaded the fake app, but users have been urged to download apps from trusted developers. Other fake crypto-related apps that have been reported on Google play this year include Easy Rates and MetaMask App. (KE)

4 days ago

IOT/USD, EOS/USD, ADA/USD, XLM/USD, LTC/USD Price Analysis

After days of lower lows and dry fundamentals, Stellar Lumens—XLM/USD, Cardano—ADA/USD and IOTA—IOT/USD pairs are trading within a bullish breakout patterns and likely to print higher as the week close. But still, we shall maintain a bullish outlook on EOS/USD and LTC/USD aware that if the latter find support at $50, odds are prices will rise above $60 igniting buy pressure. Let’s have a look at these charts: EOS/USD Price Analysis In the midst of relentless sell pressure, EOS/USD upsides have been clipped. So far, prices are down 2.5 percent in the last day but still clinging on bullish in the weekly chart adding 2.5 percent from last week’s close. Like in our last EOS/USD trade plan, we shall retain a neutral outlook with a bullish skew aware that prices are down +80 percent from 2017 highs. You may find this interesting: Basic Attention Token Nosedives 20% Amidst SEC Crackdown Concerns As such, EOS is likely to recover as prices consolidate inside a $3 range with clear supports at $4 and resistance at $7. If today close lower then odds are EOS/USD will slide towards $4 and in that case aggressive traders can would load at spot with stops at around $6 and first targets at $4 for a 1:1 risk reward ratio. LTC/USD Price Analysis The benefits of moving funds via crypto are there for everyone to see. Hours ago, $62 million worth of crypto was moved for 50 cents but it could be cheaper once Litecoin core 0.17.0 is live. Why #blockchain is the future? $LTC worth 62 Million were just transferred at the cost of 50 cents. https://t.co/RtIdvDHlDI #litecoin #altcoins #crypto — Andreas Schnell (@andreas_schnell) November 9, 2018 Then, Litecoin developers say, network fee will be slashed by a factor of then disadvantaging miners but benefiting users. While the network usage increases, LTC is down two percent in the last day and cents from $50, our main support line and sell trigger line. All in all, we recommend patience as reiterated before aware that any decline below $50 causing a whole bear bar to print below $50 would be inviting for sellers aiming at $30. What about Bitcoin Stability: Bitcoin Falls to $6,300 Region as Altcoins Continue to Decline Concurrently, now that LTC is down and trending around key Fibonacci retracement level from 2017 highs, bulls expect LTC/USD to find support at $50. In case that happen, then we shall recommend a wait and see approach until prices race above $60 or Oct highs. Thereafter, aggressive traders can buy dips with stops at breakout bar lows and first targets at $70. XLM/USD Price Analysis Leading the market is stellar Lumens which is up roughly one percent in the last 24 hours validating our last XLM/USD trade plan. Despite lower lows and consolidation in lower time frames above 25 cents, we were bullish suggesting buys on dips with first targets at 30 cents and later 50 cents. After yesterday’s resurgence, traders can enter at spot with stops at Nov 6 lows and first targets at 30 cents. The only move dismissing this view reverting us back to neutral is if there is rejection of higher highs damping XLM back as gains are reversed hitting our stops. If not and bulls rally past 30 cents in a bullish breakout pattern, then both set of traders can load at spot with first targets at 50 cents and stops just below 30 cents. ADA/USD Price Analysis Though the market is struggling against sellers, the simple fact is that ADA/USD is trading within a bullish breakout pattern. And to reiterate, as long as ADA is above 7.5 cents and inside Nov 4 high low, we recommend buying at spot with stops at 7 cents—our minor support and first targets at 9.5 cents since risk reward ratios allow. Otherwise, conservative traders can stay on the sideline until a high-volume bull bar print triggering buys above 9.5 cents. On the flip side, losses below 7 cents and later 6 cents would be negative to ADA/USD as prices could sink and register new ATLs. IOT/USD Price Analysis Like Cardano, IOT/USD is trading within a bullish breakout pattern following Nov 4 close above the two month resistance trend line. From candlestick arrangement and yesterday’s resistance of lower lows, it seems as if bulls stand a chance. Interesting Developments at Ethereum— Plasma Halted as Ethereum Seeks Alternative Scaling in zk-SNARKs Therefore, we suggest aggressive type of traders to pick at spot with stops at 45 cents or Oct 11. First target will the buy trigger line at 60 cents and thereafter both set of traders can add their longs as they eye 90 cents and later parity. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post IOT/USD, EOS/USD, ADA/USD, XLM/USD, LTC/USD Price Analysis appeared first on NewsBTC.

4 days ago

EOS Developers Warn Against Fake SimplEOS Wallet App on Google Play

The EOS RIO organization, a group of Brazilian EOS developers, has recently warned its social media followers that fraudsters have launched a fake simplEOS wallet app on Google’s Play Store, presumably to get users’ private keys.

4 days ago

Q&A Takeaways with INBlock Partner Li Xiaolai

In late September, Li Xiaolai live-streamed his 2018 new book release conference. The new book is titled “The Road to Financial Freedom“. During the Q&A session, Li confirmed that he is participating in a blockchain project that involves no cryptocurrencies. He also expressed his views on topics such as stablecoins, STOs, and public chain projects during the Q&A session. Here is the lightly summarized Q&A What do you think are the two most important factors in the development of the blockchain industry? I think the most important factor in the development of the blockchain industry is the rule of law, that is, let the law restrict or let the law govern whatever is going on in the industry. If there is no law to dictate what can be done and what cannot be done, then there will be a lot of confusion, which is not conducive to advancing the industry. Once the rule of law is fully established, development and growth will naturally follow suit. This is my personal opinion. STO is a hot topic in recent days. Will it be widely implemented in the near future and what positive effect will it have on blockchain? STO is very popular in recent days, but it may not be so after a few years. Mindlessly following a hot topic usually doesn’t make much sense to me. I personally don’t think that STO will have much effect on improving the uptake of blockchain. In theory, STO is not a new concept. Many people have been practicing this for a long time. It’s just an old concept with a newly coined name. Of course, I am not denying the potential of STO, but I don’t think it is a trend worthy of much attention. I don’t think that any asset from non-blockchain industry, when incorporated with the concept of cryptocurrency, will become widely accepted. I think it is nothing more than some people’s wishful thinking. After the USDT plunge on Monday, there were many discussions about stablecoins, and now more and more exchanges are starting to launch various stablecoins or issue their own. How do you view the stablecoin? What is the biggest effect of stablecoins on blockchain assets? The discussion about stablecoins has always existed. I personally have no conflict with Bitfinex. It also doesn’t matter whether or not I am optimistic about USDT. From a very objective perspective, however, I would say that many stablecoin solutions proposed at this moment are not particularly reliable in my eyes, and even less reliable than USDT. What is the biggest effect of stable currency on blockchain assets? In fact, stablecoins themselves are also a blockchain asset. Free from geographic limitation, stablecoins are an extremely convenient way to transfer value. These are its specific advantages. Charlie Munger once said, “The wise ones bet heavily when the world offers them that opportunity. They bet big when they have the odds. And the rest of the time, they don’t. It’s just that simple.” Yet, you don’t recommend an all-in bet in your new book; does your viewpoint come into conflict with Charlie Munger’s way of thinking? Are we in disagreement? Obviously, the answer is not. Why? Because an all-in bet means that if you have two hundred dollars, you put all two hundred dollars into the bet. This is called an all-in bet because you only have two hundred dollars. But the so-called heavy bet does not necessarily mean that you have to invest all your two hundred dollars into the bet. In theory, if you have two hundred dollars and your target investment is $10. If you invest $10 in a project, it is already a heavy bet. So fundamentally, there is no conflict between us. How do you view the slump of U.S. stocks in the past few days? Has the U.S. bull market come to an end? Will U.S. stocks repeat the stock market crash of 2008? The two-day decline of U.S stocks has triggered a global stock market crash. Not only China, many other countries’ stock markets were also hit hard. In fact, not only was the stock market hit hard but even cryptocurrencies- which were often traded differently from stocks- were heavily impacted. So how do you interpret the plunge? In fact, it is very simple. The slump simply means that the U.S. is heading into a bear market for stocks and the bull market has come to an end. What else can be the explanation except that severe trouble lies ahead for the U.S. economy and stocks? Whether or not the U.S. stocks will repeat the stock market crash of 2008, no one knows, no one is able to guarantee the future. However, if one looks at the trend, this round of economic impact is likely to be very severe for the U.S, so everyone should be prepared. In the Internet era, copyright has often been compromised. I want to know your opinion in terms of intellectual property rights. Will blockchain be the solution for intellectual property management? Are there projects or researches currently underway to tackle the issue? In fact, not only in the internet era, copyright has been compromised even before the advent of the internet. Peopl

4 days ago

Altcoins Price Analysis: Every Dip a Buying Opportunity in XLM/USD and ADA/USD

After solid gains, altcoins are slowing down but not bearish. From the chart we can see that ADA/USD and XLM/USD pairs are trending higher within a bullish break out pattern. At the same time, LTC/USD is down while EOS/USD is flat despite release of EOSIO 1.4.0. Lets’ have a look at these charts: EOS Price Analysis EOSIO 1.4.3 Releasehttps://t.co/BfKJssq0W4 — Block.one (@block_one_) November 8, 2018 In a bid to make EOSIO more usable, the developer team are launching EOSIO 1.4.3 and EOSIO.CDT Version 1.4.0. The aim here is to improve user experience coming at a time when temporarily fixes like CPU_INCREASE isn’t helping the network grow their user base. CPU is increasingly expensive for developers to build application wearing off appeal for EOSIO. You may also like: EOS Ecosystem Ever Expanding as dApps Rise, but Price Still Sliding The EOSIO.CDT version introduce features as Ricardian contracts for ABI generation for automatic extraction of information needed for creation of Ricardian contracts and generation of clauses needed for smart contract execution. Back to price action and EOS/USD is down two percent in the last day but still up seven percent in the last week. We expect prices to build up momentum because though EOS/USD is down, prices are still trending inside Nov 7 high low. This is bullish but like in our last trade plans we shall maintain a neutral stand until prices break and close above $7 completely reversing loses of Oct 11 and Sep 5. Once this print, a bullish break out pattern would be complete cancelling bears in the process. First targets would be at $9. LTC/USD Price analysis Even with the reversal from the main support trend line and the failure of buyers to drive prices above $55, we still retain a bullish outlook as long as LTC/USD is trading above $50. In our last LTC/USD trade plans we reiterate that $50 is an important, multi-level support line and bulls might found bounce off this zone as they eye $70 and later $110. Also read: Gemini Adds Litecoin with Approval from New York Regulators That is why it is important for prices to edge higher and close above Oct highs at $60 before any set of traders can load up LTC at spot in a breakout trade. XLM/USD Price Analysis Thing is, Stellar Lumens odds of higher highs are elevated thanks to stellar fundamentals supporting prices. Add this to the development in the daily chart and our last XLM/USD trade plans are valid. Without wavering, XLM/USD is bullish above 25 cents and every dip is another opportunity for aggressive traders to load up with stops at around 22 cents and first targets at 30 cents. Meanwhile, conservative type of traders should wait for solid breaks above 30 cents. This move is crucial for XLM because it would signal the beginning of price recovery as traders aim at 50 cents or April highs. TRX/USD Price Analysis Aside from milestone smashing transactions, Tron is dry of fundamentals. Since there is no event to prime price action, our last TRX/USD trade plan is valid as prices are still trading below 3 cents or Sep highs. Needless to say, we retain an upbeat overview of prices expecting the minor support trend line to buoy prices and drive them above 3 cents triggering bulls aiming at 4 cents. On the flip side, drops below the minor support trend line could see TRX/USD back at bearish territory. In that case, first bear targets would be 1.5 cents or August double bottom. ADA/USD Price Analysis With market boosting development and expectations of higher highs, ADA/USD is within a bullish breakout pattern. Though prices are yet to rally past 9.5 cents or Sep highs ushering in buyers, it is highly likely that that will print out today. There is more interesting information here: ADA/USD Price Analysis: Cardano Neutral to Bullish above 7 Cents This is so because of yesterday’s rejection of lower lows. Moving on, we suggest aggressive type of traders to buy at spot with stops at around 7.5 cents and first targets at 9.5 cents and later 12 cents in line with our last ADA/USD trade plan. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. Altcoins Price Analysis: Every Dip a Buying Opportunity in XLM/USD and ADA/USD was last modified: November 8th, 2018 by Dalmas NgetichThe post Altcoins Price Analysis: Every Dip a Buying Opportunity in XLM/USD and ADA/USD appeared first on NewsBTC.

4 days ago

Podcast Transcript: DDEX Co-Founder Bowen Wang on building on 0x from China, approaching Beijing regulators and hiring developers and community members in China

Checkout our Latest Podcast with DDEX Co-founder Bowen Wang We are delighted to bring you our latest podcast with Bowen Wang, founder and COO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x Protocol each month and ranks 13% of trades amongst decentralized exchanges, 2nd after IDEX. In this episode, Bowen and I discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowen‘s advice on approaching Chinese regulators for blockchain projects, and insights on hiring developers and community members out of China. New DDEX Wallet: Bringing Decentralized Trading To Mobile Basic DDEX trading: DDEX Trading — Getting Started Joyce Yang I’m your host Joyce Yang and our guest today is Bowen Wang, co-founder and CEO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x protocol each month. In this episode, we discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowens advice on approaching Chinese regulators for Blockchain projects and insights on hiring developers and community members out of China. Bowen Wang Hello, this is Bowen Wang from DDEX. I’m the co-founder and CEO of DDEX. I graduated from NYU 2 years ago and before starting the company, I used to work at Zhenfund, which is Sequoia’s early venture firm investing in early stage companies. And back while I was in Zhenfund, I was specifically looking into the Blockchain company and also Blockchain related app company. So I was the first one who actually invested in ImToken and also Lino and also many of the other projects in the Blockchain space. And then we started a friends and family fund by ourselves, and then we discovered that few people hold their tokens long term. They have to have a marketplace to buy and sell. And so over the course of a weekend, we had 3 co-founders come together just trying to build a decentralized exchange in Starbucks. And then we figured out that it’s actually something that’s workable and then we quit our job and put our full hands on it. So then we got the investment from Initialized Capital and also Zhenfund for seed round funding, and we launched it in January 2018. And since then we have been up and running for more than 10 months already and also we have like have aggregating volumes for more than 400 million dollars. Joyce Yang Wow! That’s great. And just to give our listeners a quick understanding, you’re based in China right now with your team. And how big is your team? Bowen Wang So right now we’re based in Beijing. And the Beijing team has more than 25 members. Joyce Yang Wow! That’s quite big. And you grew that from 3 people since raising funding last year essentially. Bowen Wang Yeah, since 12 months ago. Even before like 6 months ago we only had like 8 people. Joyce Yang Yeah, that’s great. Just at a high level, how’s the crypto market in China right now? You kind of see a lot of what’s going on the East as well as in the West, and you are based in Beijing where you know a lot of the government officials and regulations are actually made. If you could give an idea what’s going on and the crypto regulations product, also the Blockchain development front. Bowen Wang Let’s talk about like the government policy. For now, the one top priority for the government is to stop the Fiat entrance for crypto market, which means that you cannot buy Bitcoin or Ethereum from any kind of central exchange just like people in the U.S. use Coinbase. And the reason why is that they want to stop like capital outflow or money laundering activities from a macro perspective, but from a development perspective, there have been really a growing number of developers coming to Ethereum and learning about solidity and there’s many. So like on Coin market cap of the top 100 Tokens, like 30 percent of them are coming from China. So there’s many other new layer-one blockchain teams that are trying to kind of revolutionized EOS or ETH from different architecture like DAG or DPOS. And there are also different like layer 2 protocol, which actually wants to do a scalability solution on Ethereum. And also there are many of the D-Apps coming up like Cryptokitties is in China and also like the U.S. developer community are really huge in Asia and people are developing U.S. wallet US D-App, US gambling game. And also kind of 30 percent of the U.S. Block producers are located in China. And as you all know, Bitmain is in Beijing, most of the majority of the mining pools are located in China and also there’s a huge line of like a manufacturing mining in the middle of nowhere like southeast China and Northeast China in the markets. Joyce Yang So you’re saying that the Blockchain community is very strong from what you’re seeing in China. Bowen Wang I always say it’s substantial, and also Bitmain is looking into IPO in Hong Kong markets either by the end of this year or at the b

4 days ago

New EOS Referendum System Goes Live in Beta

The EOS Referendum Working Group met on Thursday to decide if the new EOS referendum system will get the green signal to launch in beta for testing by the community. On Friday, the group announced that they had secured a “Go” vote for the system after working to fix a myriad of issues that prevented the system from going live last week. The team noted that they are not quite yet a fully functional tool for mission-critical referendum proposals, but a working product is ready to be pushed to the community. What Will the Beta Phase Include? The community will focus on refining and testing the voting system during the beta period. The Referendum Working Group noted: “We’ll be monitoring the results of our tally tool and comparing them with snapshots to ensure consistent accuracy. And we’ll continue to chip away at smaller open issues in both our tally and UI. In the meantime, we’ll be soliciting feedback from the community to learn how we can improve the tool and iron out any issues we might have missed on our own.” It also said that critical issues would be prioritized during the beta phase to be closed before the full launch. The community-governed EOS blockchain elects 21 Block Producers (BPs) using the weight of their tokens, who in turn operate the blockchain network. Apart from the BP system, the EOS network does not have any way to measure if token holders are interested in change or not. The new system, hence, invokes article XI of the EOS Constitution which allows token holders to vote for network changes directly through a referendum. What Does the New System Include? The new voting system will provide members of the EOS community a tool with which they can vote on proposals using their staked tokens. It is based on a forum smart contract that could be used for submitting proposals and for casting votes. A new tally system is designed for counting the EOS staked for each ballot option and token holders can participate in the vote from their wallets too. The developers have clarified that the mechanism doesn’t include a process that creates or filters proposals and no rules for referenda ratification have been introduced yet. They will provide suggested best practices but would not control the use case of the tool within the community. The community will craft their own proposals and vote on them. Signatures of 15 out of 21 BPs will be essential to ratify and implement any passed proposals. New EOS Referendum System Goes Live in Beta was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

4 days ago

Craig Wright to Roger Ver: “You Are My enemy. You Have F*cking No Idea What That Means”

The Bitcoin Cash community seems to be living a soap opera coming closer to its climax. After the last tweets from Craig Wright talking about an internal war in the Bitcoin Cash community, Roger Ver went to youtube to express his opinions about him and the consequences that the fork planned for November 15th could bring. Basically, there are two factions with different ideas: The Bitcoin ABC camp has the clear majority of supporters (10 to 1 according to Ver estimates) and Bitcoin SV (Bitcoin Satoshi’s Vision) which is mainly supported by Craig Wright and Mr. Calvin Ayre. Roger Ver is a fervent backer of Bitcoin ABC. courtesy: Bitcoin.com Apparently, Roger’s decision outraged Craig Wright who sent a threatening email to Ver. In the video, Roger Ver shows what appears to be a screenshot of the email mentioning the threats and insults that Wright wrote to him, among other things for questioning whether he was Satoshi Nakamoto: “If you want a war... I will do 2 years of no trade. Nothing. In the war, no coin can trade. If you want ABC, you want shitcoins, welcome to bankruptcy. It was nice knowing you. Bitcoin will die before ABC shits on it. I will see BCH trade at 0 for a few years. Will you? Side with ABC, you hate bitcoin, you are my enemy. You have fucking no idea what that means. You will. I AM Satoshi. Have a nice life. You will now discover me when pissed off. And, no. You Could have had proof. Your choice. Fuck you, Craig” According to Roger, Craig’s immature attitude is a far cry from the civilized, objective manner in which Calvin Ayre addressed him in an e-mail acknowledging that there is a divergence of opinion between the two: “(What Craig wrote is) not the sort of thing that a forty-something-year-old man, that a mature businessman would say. In contrast, Calvin Ayre I like. Calvin ayre sent me an email where he writes there was disagreement here, and he said something along the lines: Roger, whenever you’re ready to rejoin the camp that supports economic freedom, we are here; we’re ready for you ... That seems like something a sane person would say.” He went on to criticize Wright’s personality, pointing out that he agrees with Vitalik Buterin and his views on Wright’s claims to be the real Satoshi Nakamoto: “I’ll close this video with a point made by Vitalik Buterin, another one of these absolute geniuses that the crypto-coin ecosystem is so lucky to have: In reference to Craig he said that if it turned out that Craig was Satoshi, it would lower his opinion of Satoshi, (but) it wouldn’t improve his opinion of Craig... And I think I agree with Vitalik on that point.” “Wright vs Ver” Debate: Is Cryptocurrency Over The Law? The BCH community has joined the debate, mainly due to Mr. Ver’s ideas that anyone should use crypto coins for any peaceful use, including the use of drugs such as crack. In such sense, Not only Wright but also a substantial number of users criticize this position since they consider that it is not what Satoshi Nakamoto had in mind, nor it is the noblest use for cryptocurrencies What many fail to see, is that I do not want to win and have ABC join me. I want them eradicated, not in Bitcoin, gone. Bitcoin is NOT anarchist.Bitcoin is NOT Anti-stateBitcoin is NOT permissionless. If you think that, I do not want you. Work on EOS or some other fraud. pic.twitter.com/em6l18nRok — Dr Craig S Wright (@ProfFaustus) November 9, 2018 The idea that Bitcoin with ABC needs to be made into a drug market - as Ver wants is wrong — Dr Craig S Wright (@ProfFaustus) November 8, 2018 Why don’t Roger piss off to Monero then? All the mentally ill drug addicts can all fill their boots ..... — The Bitcoin Tramp (@TheBitcoinTramp) November 9, 2018 1) @rogerkver - you are wrong if you think bitcoin gives freedom to buy drugs. Drugs should be legal, but that's not the way to do it.If you don't like a law - change it.If you break the law, you will just be pointed to as the reason to make that law stronger. — Bitcoin Sofia (@BitcoinSofia) November 8, 2018 I do not like the drug laws we currently have. But, Bitcoin will not go far if it explicitly includes things in the protocol that open up legal liability, and can be seen as enabling unlawful activity. There is a fine line. @ProfFaustus is a lawyer, knows and is right on this! — BCH KING (@blogzap_) November 8, 2018 I watched the video so you don't have to.Starts out emotional while talking about CSW and reads the email out loud.11:55 starts unloading the hotel room's mini bar while talking about drugs.18:40 Says core people were right about being worried about contentious hard forks. — WhalePanda (@WhalePanda) November 8, 2018 The post Craig Wright to Roger Ver: “You Are My enemy. You Have F*cking No Idea What That Means” appeared first on Ethereum World News.

4 days ago

Ditch Ethereum At Your Own Peril: DApp Founder

Ethereum (ETH) has had bad press lately. Erstwhile Ethereum dApps are moving onto other networks; prices are at rock bottom. At a conference not too long ago, one cryptocurrency trader described ether tokens as “practically dogshit.” But through all of the trials and tribulations, some projects are rallying around to defend the grand old lady from mounting hostility. Ethereum is far from perfect, they say, but it is better than the other platforms out there. Uriel Peled is the co-founder of Orbs, an application for well-known consumer brands to use blockchain technology. Orbs is based on the Ethereum network; its principal purpose is to offer the technological equipage and infrastructure for big firms to build their own decentralized applications that are scalable, effective and secure. The project raised $118m in its ICO, which concluded in May this year. Speaking to Crypto Briefing over the phone, Peled explained how he had previously harbored deep-seated concerns about the platform: he didn’t think Ethereum had a future, due to crippling scalability issues which sapped confidence. “The network simply didn’t work,” he said. “It was a good proof-of-concept but my initial view was that it would be superseded by the next generation of platform networks.” “Now I think that the Ethereum network isn’t going anywhere”, he added. The network offers Ethereum dApps security Peled thinks of Ethereum as the basic technological standard for the sector. There are hundreds of active ERC20 tokens (of varying quality) in the space. Most projects originally launched their public sales on the network, and ether tokens were the moneta franca during last year’s ICO boom. “People and projects are simply more familiar with it [Ethereum] than they are with other projects”, he said. “I still haven’t seen a single network which can directly challenge them on this.” Further, and more importantly, it’s a secure network. Ethereum dApps can’t be compromised by the platform itself. Peled thinks this is often an overlooked factor by projects which fix their attention on scalability. He explains that Orbs has been able to create a scalable network while still being based on Ethereum. “Projects themselves can look at improving throughput, sure,” he said. “But the key factor is you can’t add security retrospectively. If the network itself isn’t that secure, then hackers and bad actors will have a backdoor into your dApp. To my knowledge there’s very little you can really do if that happens.” The community should see Ethereum as the ideal base layer, says Peled. It’s secure and familiar to most people, but projects can add their own features, like scalability or privacy, as additional layers. Essentially Ethereum will become the best-decentralized network if it’s treated as a foundation or base that other projects can layer-up on. “Do we need an entire blockchain for privacy payments?”, says Peled. “No, we don’t. Projects like Zcash and Monero are good at what they do for sure; privacy is important, but it’s overkill to construct an entire network for what is practically one feature.” “You could build a privacy payment layer just as well on Ethereum,” he adds. The best of the blockchain platforms? Ether prices, which are all-too-often the only metric for a project’s value, have been on a downward trajectory since the high of around $1350 at the beginning of the year. Some hope the $200 mark is the project’s floor price and that any move above represents a bullish signal. Could it ever return to its former glory? Who knows. Some suggest Ethereum could be one of the big winners in 2019, with a 300% surge in value. Still there are numerous predictions to the contrary that still think the price of ether will drop to $0. Price is always given pride of place, but what Peled says is different. In the long-term, it won’t so much be the price itself that will matter, but rather the network’s utility. In this framework, attributes such as security will matter far more. The EOSIO (EOS) mainnet launch was dogged by security concerns. At one point hackers managed to access Block.One’s email address and send thousands of spammy emails out to EOS holders. The community likes EOS because of its feeless transactions and scalability. But if the foundational layer is compromised, then it will always be limited. Dapps running on EOS could be fundamentally compromised. The grand old lady has been dealt a couple of substantial body blows over the last year. But security could help protect her from any further harm, and the Ethereum dApps are running to the rescue. The author is invested in ETH, which is mentioned in this article. The post Ditch Ethereum At Your Own Peril: DApp Founder appeared first on Crypto Briefing.

5 days ago

What Is Monero? Introduction To XMR

What Is Monero? Monero (XMR) is a cryptocurrency which focuses on being untraceable and private. Its design differs from Bitcoin’s in a few key ways, but it should be understood as a cryptocurrency similar to Bitcoin - it can be used to buy and sell things, and can be exchanged for other coins or tokens. So Monero XMR is a cryptocurrency focused on privacy and anonymity. Bitcoin is actually pseudonymous and BTC transactions are still traceable, but XMR transactions can be fully anonymized like physical cash. It is a fork of Bytecoin, the original privacy coin. Of course, each physical dollar has a serial number on it that’s traced by FDIC-insured banks and governments. But it’s not necessary to see someone’s bank account balance to accept their dollar bill. In the same way, retailers only need to verify you have enough to cover your transaction when you use a debit or credit card. Monero uses ring signature cryptography to reduce the amount of information used in cryptocurrency transactions. This gives the sender and receiver of XMR transactions the ability to verify the transaction in privacy. Strong encryption, a streamlined blockchain, and infinite supply make Monero a strong privacy coin with a solid future ahead of it. Before diving into the nuts and bolts of the project, let’s look at the crypto market performance of the Monero XMR crypto coin. XMR’s Crypto Market Performance The peak price of XMR so far was $494.16, which occured on January 6, 2018. As of November 8, 2018, the circulating supply is 16,553,675. As mentioned above, there’s no total supply cap. Like BTC, XMR is a Proof of Work cryptocurrency. Unlike BTC, however, it uses a variation of the CryptoNote cryptocurrency mining algorithm, which making it more CPU-friendly. In fact, Monero continues updating its blockchain protocol to be ASIC resistant, much to the chagrin of ASIC rig manufacturers like Bitmain. It hard forked in both 2017 and 2018 in its war on ASICs. Monero opposes ASIC mining because of its centralization of cryptocurrencies like Bitcoin and Ethereum, which are now moving toward Proof-of-Stake. It spent much of 2017 and 2018 continuously upgrading both ASIC resistance and privacy on the network. These are great signs of development support in a blockchain market filled with vaporware. This caused a lot of Monero forks, including Monero Zero, Monero Original, and two Monero Classics. Monero is traded on a variety of cryptocurrency markets, including Bithumb, Binance, HitBTC, Poloniex, Bitfinex, and CoinEx. It has a ton trading pairs, including BTC, BCH, USDT, LTC, ETH, EOS, DASH, and even fiat currencies like USD and EUR. Over $15 million worth of XMR is traded on a daily basis. The Monero community built wallets for pretty much every OS, and a hardware XMR wallet is on the way. In addition, third-party wallets like Cake Wallet, Monerujo, My Monero, and Ledger’s hardware wallets support XMR. Behind the Veil of Anonymous Anonymity online is a hot-button issue that’s important for everyone. Every time you log in to your Samsung device using Google’s OS to connect to AT&T’s network and browse Amazon’s app, a lot of hands are touching, monitoring, and even selling your data and habits. Tech-savvy people use VPNs, proxies, and TOR networks to avoid being traced. However, financial transactions and other personal information were used to track people centuries before we walked around with the internet in our pockets. Using XMR for dark-web transactions, you have the best chance at anonymous online transactions...at least that’s what they say. Monero aggressively defends its platform’s privacy, pointing out a CryptoNote bug that affects privacy coins like Bytecoin. But privacy and anonymity online are never guaranteed, even with Monero’s dedication. Monero still uses a similar two-key authentication method for transactions on other blockchains. It just adds an extra step. Your public key is used by the sender to generate a random one-time key, and the receiver uses a private key to receive. Brute-forcing such a system would be difficult, even with quantum computing, but no matter how much you encrypt an individual transaction, metadata holds answers. This is where ring signatures come in to make things even more difficult. Essentially every output also has multiple false outputs to trick the system. Picture the most complicated bank vault you ever saw in a major Hollywood movie, multiply by ten, and this is what Monero promises. Tor traffic has long been monitored by government watchdogs like the NSA using the Navy’s powerful networking tools. And even reducing transactions to minimal data hasn’t stopped researchers from reportedly using big-data analytics to trace over 80 percent of XMR transactions on the Monero blockchain. While the actual transaction itself is being veiled, all the contextual information around it can help pinpoint transactions. In addition, if your private key is compromised, someone could trace all you

5 days ago

What is Ethereum Classic? Introduction To ETC

What Is Ethereum Classic? Ethereum Classic ETC is an Ethereum hard fork created to preserve the original Ethereum coding after The Decentralized Autonomous Organization (The DAO, an Ethereum-based project) was hacked. It caused a loss of over 6.2 million Ether and crippling decentralized application development. At block 1920000, Ethereum mining nodes were forked to return the stolen Ether, and the minority that continued running the original hacked ledger created Ethereum Classic. This makes ETC similar to Bitcoin forks like Bitcoin Cash in that its value will forever be tied to Ethereum, regardless of each project’s philosophical or technical differences down the line. It’s also not the only Ethereum fork, which include EtherZero, EthereumFog, Ether Gold, and EtherInc. And the upcoming Ethereum Casper update to Proof of Stake mining will almost certainly create another fork. ASIC mining companies like Bitmain, dApp projects like Cryptokitties, and even competitors like EOS ultimately depend on Ethereum. These simultaneous blockchain versions running can be seen similar to Microsoft supporting versions of its Windows OS all the way back to the original in special cases (such as satellites and equipment launched into space during those eras). In this context, having multiple versions running is a great toolkit for developers and users alike and expands on the Ethereum Foundation’s initial promise of a blockchain-based future. Before explaining the saga of how Ethereum Classic was created, let’s review ETC’s financial performance on the cryptocurrency market. ETC Crypto Market Performance ETC’s peak price so far was $45.98, which occured on January 14, 2018. As of November 8, 2018, the circulating supply is 105,884,447 ETC. Although Ethereum has no maximum supply, ETC does have a max of approximately 210,000,000 as of ECIP-1017. ETC is mined using a Proof-of-Work algorithm. Its initial creation is an epic story that’ll be explained in more detail below, but what’s important to know is the 2016 hack of The DAO created a split at block 1920000. Any ETH held at that point was awarded ETC, whereas the stolen ETH, which was converted to DAO was converted back to ETH at a rate of 100 DAO/1 ETH. Over $122 million worth of ETC is traded on a daily basis. Because most markets already supported ETH at the time of the fork, many still support ETC, including Bithumb, Coinbit, EXX, OKEx, RightBTC, Huobi, Binance, and many more. ETC trading pairs include ETH, BTC, USDT, XRP, and fiat currencies like USD and EUR. It remains in circulation because it’s so easily traded. Its ETH heritage also helps with ETC wallet available. ETC-compatible wallets include Ledger Nano S (Hardware), Jaxx (multiplatform), Coinomi (mobile), and ClassicEtherWallet (Web). So if ETC benefits so much from its Ethereum association (even though the Ethereum Foundation and the rest of the founding team largely chose ETH over ETC), why does ETC’s community support it so fervently? The answer is philosophical, and man’s philosophy overrides a lot of other virtues, morals, and ethics. Let’s review the background of this battle over the immutability of the blockchain ledger. How The DAO Hack Split the Biggest Blockchain Community Because it was first to market with a blockchain-based smart contract platform, the Ethereum Foundation, led by Vitalik Buterin, had to cover a lot of ground to jumpstart dApp development. The proprietary Solidity programming language had to be learned and adapted for use with other languages. Real value and ROI needed to be shown. Ethereum is known today as a popular ICO platform, but to get there, it needed to create a project to show proof of concept. The DAO raised $150 million worth of ETH to fund these projects. This ETH supply was converted to DAO, the proprietary Ethereum-based token created for The DAO. Unfortunately, over $50 million of it was illegally drained during a June 2016 hacker exploit of the DAO-ETH exchange system. Ethereum’s price plummeted in the aftermath, and the hard fork was proposed to prevent the Denial of Service (DoS) attack that could result from a soft fork. The purpose of the fork was to return the DAO money to its rightful owners at a rate of 100 DAO to 1 ETH. While the majority of the community agreed with this method of saving face, some protested changing the ledger. The integrity and immutability of the decentralized ledger is what made the blockchain so attractive to some. This fork went against their philosophical beliefs, so some nodes refused the update. On a philosophical level, the difference between ETC and ETH is that ETC represents a belief in truth, while ETH represents a belief in justice. Both have a place, but they’re both also facing massive competition from more advanced blockchain projects. Developers are using it, however, so Ethereum Classic is neither vaporware nor a ghost town. It also has technical support from the community and developers providing open-source updat

5 days ago

EOS Review: A Leading Blockchain Application Platform That Scales Well

[EOS COMPLETE REVIEW](https://i.redd.it/1svo1l5xdbx11.jpg) We live in an energizing time for blockchain devotees. The universe of distributed applications (dApps) is evolving. However, the expanding number and fame of dApps is now causing problems. At the point when Crypto Kitties exploded, for instance, it conveyed the whole Ethereum system to a slither. On the off chance that dApps will go standard, that kind of log jam is essentially not economical for blockchain and cryptocurrency ecosystem EOS as a blockchain solution went for tackling that problem by giving a dApp-accommodating blockchain platform that scales effectively and easily to deal with any heap. In any case, there’s something else entirely to it than simply that: EOS plans to offer a platform that can deal with a large number of exchanges every second with zero exchange charges. [COntinue Reading](https://odeybit.com/eos-review-a-leading-blockchain-application-platform-that-scales-well/)

5 days ago

Carbon's Stablecoin Can Now Be Swapped Between EOS and Ethereum

The interoperable dollar-pegged crypto token CarbonUSD has just launched as the first stablecoin on the EOS platform.

5 days ago

Tron Price Analysis: TRX/USD Could Drop to 1.5 Cents, Sheds 3% in the Last Day

Latest Tron News Blockchain projects are open source and with Bitcoin setting the pace, they should technically be faceless. In fact, at one point, Justin said the unique properties of Bitcoin is what made him to venture into cryptocurrencies launching Tron last year. While this is welcomed, Tron and others as Ethereum and EOS with Vitalik and Dan marketing their respective mission and vision statements, most are not faceless and under the guidance of these figure heads. #TRON has established a partnership with NeoWorld. The cooperation between both parties will revolve around entering NeoWorld, planning the NeoWorld Exclusive Island, strengthening the cooperation within the community ecosystem, etc. #TRX $TRX https://t.co/s6BAjL3DpE pic.twitter.com/KvSOjBrchT — Justin Sun (@justinsuntron) November 8, 2018 Needless to say, Justin is a key player if not a crypto celebrity. He on several cases has been criticized for hyping important milestones but still, the platform’s achievement cannot be brushed off. Straight from partnering with Neo World, a multiplayer online virtual reality world that run off the blockchain to TRX at IndaCoin, a London based exchange, TRX stars are sparkling. #TRON reaches over 12 million smart contract triggers in two weeks since we launch smart contract! Next milestone in the end of 2018, 50 million! #TRON #TRX $TRX pic.twitter.com/o8yOSvZx2I — Justin Sun (@justinsuntron) November 8, 2018 But that is not the only thing. After all, there is progress with no delays in milestones. Confirmed #TRON just beat the top FOUR cryptos $BTC $ETH $XRP & $BCH combined daily transaction volume Nov 7#BTC: 293,604#ETH 564,602#XRP: 193,540#BCH: 22,252= 1,073,998 Total Txs#TRX: 1,183,155 Txs Tron is Built to be Used - not only Traded#IAmDecentralized$TRX pic.twitter.com/hjPPqEJYrw — Misha Lederman (@mishalederman) November 8, 2018 It appears that most Tron based gambling dApps are outperforming drawing in users who in turn transacts on the network. Tron Dice alone has paid out millions in payment generating millions in TRX related transactions. That’s not all, two weeks after launching their own smart contracting platform, there has been 12 million smart contract triggers but the intention is to smash the 50 million level by end the year. TRX/USD Price Analysis As the week concludes, the slow down is clear. In fact, TRX/USD is down 3.2 percent in the last week but down three percent in the last day. From fundamental and technical considerations, it’s likely that prices will print lower despite strong fundamentals supportive of price. But, unless otherwise, we retain a bearish forecast until after prices edge past key resistance levels. Trend: Bearish Recent higher highs seem to have been an opportunity for sellers to add on to their shorts as we can see with TRX/USD losses of the last few days. Still, TRX is bearish and that is despite losses of the last 10 months which have led to prices tanking upwards of 80 percent. Though prices seem to edging higher, it is actually trending inside early August bears. Volumes: Neutral but Decreasing In the last month, Oct 11 and 15 counter bars are important and anchor our analysis. First, note that TRX/USD is inside a 0.8 cents range with resistance at 3 cents and minor supports at 2 cents. For now, volumes are low averaging 6.2 million which is nothing compared to massive involvement of Oct 11 and 15 averaging 44 million. As we can see, TRX/USD will only be bullish with gains above 3 cents or bearish with losses below 1.5 cents if and only if there are sharp spikes in market participation driving volumes above 50 million. Candlestick Formation: Bear Breakout, Bear Flag Thing is TRX/USD is bearish and as long as prices are below 3 cents, then the bear break out pattern of early August is valid. Besides, since prices are oscillating inside a rising channel, the bear flag with caps at 3 cents is true. It is likely that prices will dip below the minor support trend line which has been shoring TRX in the last two months. Conclusion Unless there are gains above 3 cents or Sep highs, then TRX/USD is bearish and could dip below 2 cents and drift towards 1.5 cents confirming losses of early August. As it is, traders should wait for strong losses below 2 cents and support trend line before opening shorts with stops at 2.5 cents. All charts courtesy of Trading View This is not Trading Advice, do your own Research The post Tron Price Analysis: TRX/USD Could Drop to 1.5 Cents, Sheds 3% in the Last Day appeared first on Ethereum World News.

5 days ago

Tron Price Analysis: TRX/USD Register Losses Despite Launch of a New Smart Contracting System

Latest Tron News Blockchain projects are open source and with Bitcoin setting the pace, they should technically be faceless. In fact, at one point, Justin said the unique properties of Bitcoin is what made him to venture into cryptocurrencies launching Tron last year. While this is welcomed, Tron and others as Ethereum and EOS with Vitalik and Dan marketing their respective mission and vision statements, most are not faceless and under the guidance of these figure heads. #TRON has established a partnership with NeoWorld. The cooperation between both parties will revolve around entering NeoWorld, planning the NeoWorld Exclusive Island, strengthening the cooperation within the community ecosystem, etc. #TRX $TRX https://t.co/s6BAjL3DpE pic.twitter.com/KvSOjBrchT — Justin Sun (@justinsuntron) November 8, 2018 Needless to say, Justin is a key player if not a crypto celebrity. He on several cases has been criticized for hyping important milestones but still, the platform’s achievement cannot be brushed off. Straight from partnering with Neo World, a multiplayer online virtual reality world that run off the blockchain to TRX at IndaCoin, a London based exchange, TRX stars are sparkling. #TRON reaches over 12 million smart contract triggers in two weeks since we launch smart contract! Next milestone in the end of 2018, 50 million! #TRON #TRX $TRX pic.twitter.com/o8yOSvZx2I — Justin Sun (@justinsuntron) November 8, 2018 But that is not the only thing. After all, there is progress with no delays in milestones. Confirmed #TRON just beat the top FOUR cryptos $BTC $ETH $XRP & $BCH combined daily transaction volume Nov 7#BTC: 293,604#ETH 564,602#XRP: 193,540#BCH: 22,252= 1,073,998 Total Txs#TRX: 1,183,155 Txs Tron is Built to be Used - not only Traded#IAmDecentralized$TRX pic.twitter.com/hjPPqEJYrw — Misha Lederman (@mishalederman) November 8, 2018 It appears that most Tron based gambling dApps are outperforming drawing in users who in turn transacts on the network. Tron Dice alone has paid out millions in payment generating millions in TRX related transactions. That’s not all, two weeks after launching their own smart contracting platform, there has been 12 million smart contract triggers but the intention is to smash the 50 million level by end the year. TRX/USD Price Analysis As the week concludes, the slow down is clear. In fact, TRX/USD is down 3.2 percent in the last week but down three percent in the last day. From fundamental and technical considerations, it’s likely that prices will print lower despite strong fundamentals supportive of price. But, unless otherwise, we retain a bearish forecast until after prices edge past key resistance levels. Trend: Bearish Recent higher highs seem to have been an opportunity for sellers to add on to their shorts as we can see with TRX/USD losses of the last few days. Still, TRX is bearish and that is despite losses of the last 10 months which have led to prices tanking upwards of 80 percent. Though prices seem to edging higher, it is actually trending inside early August bears. Volumes: Neutral but Decreasing In the last month, Oct 11 and 15 counter bars are important and anchor our analysis. First, note that TRX/USD is inside a 0.8 cents range with resistance at 3 cents and minor supports at 2 cents. For now, volumes are low averaging 6.2 million which is nothing compared to massive involvement of Oct 11 and 15 averaging 44 million. As we can see, TRX/USD will only be bullish with gains above 3 cents or bearish with losses below 1.5 cents if and only if there are sharp spikes in market participation driving volumes above 50 million. Candlestick Formation: Bear Breakout, Bear Flag Thing is TRX/USD is bearish and as long as prices are below 3 cents, then the bear break out pattern of early August is valid. Besides, since prices are oscillating inside a rising channel, the bear flag with caps at 3 cents is true. It is likely that prices will dip below the minor support trend line which has been shoring TRX in the last two months. Conclusion Unless there are gains above 3 cents or Sep highs, then TRX/USD is bearish and could dip below 2 cents and drift towards 1.5 cents confirming losses of early August. As it is, traders should wait for strong losses below 2 cents and support trend line before opening shorts with stops at 2.5 cents. All charts courtesy of Trading View This is not Trading Advice, do your own Research The post Tron Price Analysis: TRX/USD Register Losses Despite Launch of a New Smart Contracting System appeared first on Ethereum World News.

5 days ago


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