Ethereum Classic ETC

$9.26
Market Cap $ 981.745 MM (#17)
24h Volume $ 138.985 MM
Chg. 24h: 1.21%
Algo. score 4.7/5  (#1)
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Ethereum Classic News

Ethereum Classic Price Analysis: ETC/USD Could Tumble Below $9.00

Key Highlights Ethereum classic price is currently under pressure below the $9.25 support against the US dollar. There is a major bearish trend line in place with resistance at $9.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair remains at a risk of more losses below $9.00 if it fails to move above $9.25. Ethereum classic price is currently in a bearish zone against the US Dollar and Bitcoin. ETC/USD may perhaps continue to decline towards $8.80 or $8.60. Ethereum Classic Price Analysis In the last analysis, we discussed the key support at $9.20-$9.25 in ETC price against the US dollar. The ETC/USD pair failed to stay above the $9.25 support and declined further. It traded below the $9.00 support and settled below the 100 hourly simple moving average. The price as low as $8.90 and later corrected higher. It moved above the $9.10 level and the 23.6% Fib retracement level of the recent decline from the $9.57 high to $8.90 low. However, the upside move was capped by the $9.25 level, which was a support earlier. Moreover, the 50% Fib retracement level of the recent decline from the $9.57 high to $8.90 low acted as a solid barrier. Besides, there is a major bearish trend line in place with resistance at $9.25 on the hourly chart of the ETC/USD pair. The pair is currently under pressure and it is trading around the $9.00 support. If sellers remain in action, the price may perhaps extend losses below the $8.90 low. The next main support is at $8.80 followed by $8.60. The chart suggests that ETC price is trading in a bearish zone below $9.25. Only a close above $9.20 and $9.25 could push the price back in a positive zone in the near term. Hourly MACD - The MACD for ETC/USD is placed in the bearish zone. Hourly RSI - The RSI for ETC/USD is currently well below the 40 level. Major Support Level - $9.00 Major Resistance Level - $9.25 The post Ethereum Classic Price Analysis: ETC/USD Could Tumble Below $9.00 appeared first on NewsBTC.

21 hours ago

NEM Skyrockets as Coincheck Resumes Trading, Altcoins Trade Up Amidst Bitcoin Stability

NEM (XEM) is currently trading up nearly 20% as cryptocurrency exchange Coincheck resumes its normal trading activity. NEM’s meteoric price rise comes amidst overall market stability, with Bitcoin (BTC) trading steadily at $6,400, and most altcoins trading up. At the time of writing, Bitcoin is trading at $6,400, recovering from a slight dip into the mid-$6,300 region. Bitcoin is still trading firmly in its long-established trading range between $6,200 and $6,700, and its prolonged sideways trading trend has proved to be a positive thing for the altcoin markets. Currently, NEM is leading Monday’s market surge, trading up 17.8% at its current price of $0.11. Following Coincheck’s announcement that they were resuming trading activity on their exchange, NEM surged to highs of $0.114, before falling to $0.103 as a result of profit taking. Its price has since climbed back up and is currently sitting near its current highs. NEM’s sustained price pump has also been fueled by rising trading volume, which jumped from about $5 million prior to the Coincheck announcement, to its current levels of over $48 million. Following the massive $500 million hack Coincheck was the victim of early this year, the exchange has had a difficult time fixing their management issues, security issues, and meeting the new, stricter, regulatory requirements being set forth by Japanese regulators. The Tokyo-based exchange first announced that they would be resuming new account openings and customer deposits in late-October, but limited the cryptocurrencies available to trade to BTC, ETC, LTC, and BCH. Related Reading: Cryptocurrency Market Update: Has NEM Awoken Altcoins Trade Up Although NEM has thus far been the leader of today’s cryptocurrency market surge, other altcoins have posted gains as well. At the time of writing, XRP is the highest preforming major alt, currently trading up nearly 4% over the past 24-hours, at its current price of $0.52. XRP has had a choppy week of trading, first rising to highs of $0.56 on November 6th before falling to lows of $0.49. Since then, its price has gradually drifted upwards towards its current levels. Bitcoin Cash (BCH) is one of today’s worst performing major alts, currently trading down just over 1% at its current price of $520. It is currently down 18% from its weekly highs of $635. Bitcoin Cash’s poor performance over the past few days comes after it witnessed a massive rise from lows of $415 in mid-October, to highs of $635 earlier this week. This rise was fueled by increased buying volume stemming from the imminent hard fork event which is scheduled to occur in three days, on November 15th. Many investors expected its price to continue rising prior to this event, but it now appears that investors are less interested in acquiring the forked units than they are in profiting from its rise prior to the event. Featured image from Shutterstock. The post NEM Skyrockets as Coincheck Resumes Trading, Altcoins Trade Up Amidst Bitcoin Stability appeared first on NewsBTC.

a day ago

Crypto Arbitrage Today: XLM, ZEC, ETC, XEM, BCH, DOGE

In the world of cryptocurrency, altcoins create some very interesting opportunities for arbitrage trading. Today is no different in this regard, although the opportunities will usually involve using the YoBit exchange first and foremost. That in itself is not necessarily a drawback , but it can be considered somewhat of a hindrance. ZCash (Sistemkoin / Poloniex / YoBit) To kick off today’s arbitrage opportunities, it would appear there are numerous options to buy and sell ZCash for quick profits. Buying on Sistemkoin and selling on HitBTC, Poloniex, or YoBit can yield pretty nice profits. There is also an option to buy on Bitfinex, HitBTc, and Gato to sell on YoBit. Profits of up to 2% can be achieved, albeit the average is closer to 1%. Ethereum Classic (Poloniex / Livecoin / Koineks) There are some significant Ethereum Classic price discrepancies when looking at Ethereum Classic across the exchanges. More specifically, the price on Koineks is lower than Poloniex, YoBit, and LiveCoin. Buying on Poloniex, Gate, Binance, and KuCoin is also far cheaper than YoBit. Profits of up to 3% can be achieved with relative ease. XEM (Koineks / YoBit / LiveCoin) There are numerous opportunities to buy and sell XEM on YoBit for a massive profit. More specifically, its price is 12% higher compared to Koineks and 9% higher compared to LiveCoin. This makes for a very interesting opportunity moving forward, although it is evident these gaps will not remain in place for long as more users take advantage of this opportunity. TRX (KuCoin / OKEx / YoBit) There are a few intriguing opportunities for TRX trading, although buying on YoBit is the only option to score some profits moving forward. Buying on KuCoin, HitbTC, OKEx, or Gate and selling on YoBit will allow for easy gains of 1.5% to 2%. Buying on Bitfinex and Binance are also two viable options moving forward, for those who prefer those options. Dogecoin (Gate / HitBTC / YoBit) For Dogecoin enthusiast, there is such money much wow to be made when selling on YoBit. Buying Dogecoin on Gate, LiveCoin, Sistemkoin, Koineks, HitBTC, and Poloniex allows for profits up to 3.7% with relatively little effort. It is a pretty interesting market first and foremost, especially given how other markets are performing at this time. Bitcoin Cash (Livecoin / Kraken / KuCoin) For Bitcoin Cash speculators are arbitrage traders, selling on YoBit will be the best option when buying on Gate, LiveCoin, Kraken, KuCoin, HitBTC, or OKEx. Buying on Kraken and selling on LiveCoin is also an option. Profits will range anywhere from 0.7% to 4%, which makes BCH one of the more appealing altcoins to keep an eye on. Information is provided by Arbing Tool Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Crypto Arbitrage Today: XLM, ZEC, ETC, XEM, BCH, DOGE appeared first on NullTX.

a day ago

NEM Redemption: XEM Rises On Coincheck Relisting

A Japanese exchange was hacked at the start of the year. In one Friday morning, thieves managed to steal more than $530m worth of NEM (XEM) from Coincheck. It remains the largest-scale theft based on contemporary prices, even surpassing the Mt. Gox hack in 2014. But in a surprise move, Coincheck has relisted NEM on its servers, sending the XEM market cap briefly above the billion-dollar mark for the first time in more than two months. 24-hr XEM price movements. Via CoinMarketCap.com Within 90 minutes, the price for individual XEM tokens went from just above $0.09 to a high point of $0.11. A rise of two cents per coin may not sound that much, but it translated into a $200m rise in the coin’s market cap. NEM’s total value started the day at approximately $830m and managed to break past the billion-dollar mark for the first time since early September. The price has since corrected back: NEM tokens were trading at $0.10, giving them a total value of $960m, at the time of writing. A relisting explains why the NEM price is up Coincheck announced not more than a few hours ago that it was relisting NEM, along with the other virtual currencies, Lisk (LSK) and Ether (ETH). In an announcement made this morning, the exchange said it had resumed new account opening and trading activity on its platform. “[Coincheck] resumed new account opening and payment/purchase of some virtual currencies on October 30, 2018,” the exchange announced on their website. “With regard to ETH, XEM, and LSK, technical safety confirmation has been completed with the cooperation of external experts and we have resumed payment/purchase of the virtual currency from November 12, 2018.” This had been the second tranche of virtual currencies to be reintroduced onto the exchange. Bitcoin (BTC), Ethereum Classic (ETC), Litecoin (LTC) and Bitcoin Cash (BCH) had all been relisted on October 30th. The second group was admitted after Coincheck completed its own technical safety checks as well as checking with project teams. The Coincheck Hack The New Economy Movement (NEM, for short) is a smart contract-ready platform for dApp development, similar to Ethereum. Founded in 2015, the platform uses its own consensus algorithm known as Proof-of-Importance, which weights a node’s influence based on network activity, as well as their wallet balance. This means active nodes can sometimes have more network authority than their richer, passive counterparts. There have been other exchange hacks since then, but the Coincheck hack stood out. This is partly because it was the most expensive theft on a cryptocurrency exchange, so far. Although Mt.Gox thieves made off with more than 800,000 BTC in early 2014, when one bitcoin had a value of around $700, this worked out to only $450m. Hackers stole more than 520m XEM coins from Coincheck, which at the contemporary NEM price was worth $534m. The hack also highlighted that some exchanges fall far short of the appropriate security precautions. Coincheck’s entire NEM holdings were held in online reserves, otherwise known as ‘hot’ wallets. Although useful for spot trading, assets held online are far more vulnerable than those held offline in ‘cold’ wallets. Hackers managed to drain almost all of Coincheck’s NEM reserves before site administrators realized they were under attack. Closure on the hack The sudden NEM price rise puts XEM among the top rising coins of the day. Virtual currencies listed on Coincheck have trading pairs with the Japanese Yen. This makes it easier for capital, not currently invested in crypto, to enter the sector. There has also been a mild rise in Lisk’s value, up by around 2% since yesterday. Similar market reactions occur whenever Coinbase announces a new listing, but the same also happens for other fiat-crypto exchanges. Tron’s (TRX) market cap went up by more than a billion dollars after it was listed on Bithumb in early April. Coincheck’s new owners, the Japanese financial services conglomerate, Monex Group, will be wanting to put the exchange’s past firmly behind them. By relisting NEM today, Coincheck wants to finally close the chapter on what must have been a trying ten months. Learning from past mistakes, the exchange hopes traders old and new will give them a second chance. The author is invested in BTC and ETH, which are mentioned in this article. The post NEM Redemption: XEM Rises On Coincheck Relisting appeared first on Crypto Briefing.

2 days ago

I Built An Ethereum Classic DApp In 40 Minutes

I have a soft spot for Ethereum Classic (ETC). I’ve been in regular contact with some of the project’s key developers since the summer when, to the surprise of many, ETC was listed on Coinbase. After two years of wandering in the wilderness, things finally started going right for a project that held the immutability of the blockchain as scripture. The Coinbase listing gave Ethereum Classic the publicity it needed to ramp up its programming efforts. In mid-September ETCDev, one of the key development companies working on the platform, released the Emerald sidechain development kit (SDK). It’s a one-stop shop, with a whole array of tools and resources needed to design an ETC dApp. The idea was to make building an Ethereum Classic dApp as easy as building a website. Projects can focus on their product, rather than the technicalities of the blockchain. “A lot of people find it hard to do dApp development,” said Stevan Lohja, ETDev’s tech writer. “Emerald means web designers don’t have to worry too much about hashing power and all the backend blockchain stuff.” When I first spoke to ETCDev about it, Lohja was on his way to San Francisco to talk to a number of developers about using Emerald. Part of his pitch was that the SDK would be far simpler and more lightweight than the other toolkits offered on other platforms. According to Zachary Belford, the Javascript developer who led the project, Emerald allows projects to set up a working Ethereum Classic dApp in minutes. “You can pick the tools and start building,” said Belford. “It’s like using WordPress or something, it’s the foundation that can be used by both novices and professionals.” But can you really build a dApp that quickly? I’m no developer, and I read code as well as I speak ancient Etruscan. But during our first chat, both Lohja and Belford said that even I could build an Ethereum Classic dApp, with their assistance, in under an hour. Challenge accepted. My own Ethereum Classic dApp So, earlier this week I called up Lohja to help build my own Ethereum Classic dApp. Lohja ran through all of the stuff we would cover, and made sure I had all the requisite programming materials. That meant setting up a Command Line Interface (CLI) and becoming familiar with functions which - like Terminal - I didn’t even know existed. Next stop, ICO. The dApp was built mostly using my Mac’s CLI. The instructions on the ETCDev website basically meant that all I had to do was copy code across. Lohja explained what all the bits meant, but I would be lying if I said I understood everything. ETCDev provides a list of instructions principally designed as a step-by-step guide for developers to quickly create a dApp. A few weeks previously Lohja’s wife, who is also a programmer but not in blockchain, built a rudimentary ETC dApp with Emerald. Lohja explained that for a well-versed programmer, dApp creation can take as little as ten minutes My own ETC dApp has a very simple function: a basic to-do list. It launched on a testnet, with a princely ‘gazillion’ ETC tokens to play with. The idea, according to Lohja, is for developers to get something up, which they can use to quickly become familiar with the basic processes. Projects can then use the list as a base to build their own dApps or start again from scratch with the programming tools provided. On my own dApp, eloquently named “To do List,” I could put a reminder on the dApp and use some ETC from the Emerald Wallet to then place my reminder on the blockchain. In all, it took me about 40 minutes to build. Is Emerald the jewel in ETC’s crown? The Emerald SDK shares multiple similarities with centralized services, like Microsoft’s Azure or Amazon Web Services. The main difference is that Emerald is free and according to Lohja, far easier to use. There’s no profile set-up or subscription fees with Emerald, which is open-source. The code is also very lean, again to help early-stage developers familiarize themselves quickly with the underlying technology. “I think one of the best aspects about Emerald is you can see the code,” Lohja said. “That’s the bread and butter for developers. If they can see the code in action, they can see how different parts work. It’s like lifting the hood of a car. They can then go about tinkering with it, understanding what they need to do to build their own dApp.” Most Ethereum Classic dApps that are currently live are to do with gambling. ETCDev hopes that lowering the barrier to entry will diversify the type of projects using ETC. They admitted that Emerald may lead to some poor quality ETC applications, but according to Belford that wasn’t their responsibility: “Of course there’s a danger that some of the projects that begin to use Ethereum Classic will be spammy, but we’re decentralized, right? It’s not for ETCDev or some self-appointed body to go about policing the blockchain.” “Decentralization gives people the sovereignty to make their own mistakes,” added Lohja. “Part of the tradeoff is c

4 days ago

Binance Opens its Doors to Institutional Investors

With the launch of Bakkt only a few weeks away and on the 12th of December, the popular cryptocurrency exchange of Binance has announced a list of products and services geared towards attracting institutional investors. The exchange is laying the groundwork for the highly anticipated capital that will arrive from institutional investors as well as high net individuals. Binance wants to prepare beforehand for the potential demand by taking the following actions: To continue building the technology required to provide the highest level of security, reliability and liquidity on its platform Quality selection of tradable tokens and coins Services catered specifically for high volume traders such as its tiered trading fee discount program Increased support for corporate accounts including customization of API and withdrawal limits Creating a new division known as Binance Research Sub - Accounts for Institutional Investors With regards to future plans, the exchange has highlighted the following possibilities for sub-accounts geared toward the needs of Institutional Investors: Support for up to 200 sub-accounts per client Account and trading activity overview for sub accounts. This includes login history, open orders, order history, etc Zero fees for the transfer of funds between sub-accounts Full control of sub-accounts eg resetting 2FA, removing APIs, freezing sub-accounts, just to name a few More on the New Research Division At Binance The exchange recently launched Binance Research that is focused on the creation of institutional-grade research reports. These reports will increase transparency as well as improve the quality of information available within the crypto space. The team at the research division has already analyzed two projects: Loom Network (LOOM) and GoChain (GO). Next on the list is Pundi X (NPXS). Regular updates of the research activities can be found on twitter via @BinanceResearch. What are your thoughts on Binance’s new focus on institutional investors? Is this an indicator of good things to come in the markets? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Binance Opens its Doors to Institutional Investors appeared first on Ethereum World News.

4 days ago

Daily Crypto Roundup 11/9/2018

An interview with ETC’s Donald McIntyre, Bitfinex struggles, AT&T and T-Mobile lawsuits, and Bitcoin comments and predictions filled crypto headlines today. Take a minute to brush up on the news. Interview: Donald McIntyre (ETC Dev Team) On The Advantages Of Ethereum Classic Crypto Insider recently got the chance to interview Donald McIntyre of the ETC development team. Ethereum is a much talked about crypto asset and platform. But ETC sees less conversation. “If you follow him on Twitter, you will discover that he is one of the most vocal advocates of the original Ethereum blockchain, and he can go as far as calling other crypto community members out in order to point out his perspective on the subject matter”, explained Crypto Insider about McIntyre. McIntyre disagrees with the move to Proof-of-Stake (PoS) for ETH. McIntrye sees ETC as a one-of-a-kind cryptocurrency and even lobbies for ETC over ETH. Read on Crypto Insider For Bitfinex Users, Dollar Withdrawals Are Now A Weeks-Long Struggle Bitfinex has made headlines over the past many months. Today sees an article chronicling users struggling with exchange withdrawals - still. News dates back almost a month for this ordeal, with users facing asset withdrawal difficulties. CoinDesk reports of Bitfinex customer Jamie West stating - “I am still waiting for my money - 17 business days after the event,” ... “[t]hey even had the cheek to charge £309 for 24-hour express service”. CoinDesk also details the struggles of several other customers as well. Read on CoinDesk Bitcoin Trailblazer Jeff Garzik Says Bitcoin ‘Unquestionably A Success’ As Store Of Value Bloq CEO and Co-Founder Jeff Garzik is known for his time spent in the crypto space, dating back many years. A recent interview with Bloomberg showed Garzik stating of Bitcoin - “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value side it’s unquestionably a success”. CoinDesk explains Garzik’s history in crypto, stating: “In Bitcoin’s infancy, Garzik, now 44, reportedly corresponded privately with Nakamoto via email and the Bitcointalk forum, ahead of the Nakamoto’s much-mythologized, abrupt disappearance in 2011”. Read on CoinTelegraph U.S. Law Firm Files Claims Against AT&T, T-Mobile Over SIM Swap-Enabled Crypto Thefts News yesterday showed accusations against T-Mobile and AT&T regarding stolen funds. “SIM-swapping - also known as a ‘port-out scam’ - involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms use automated messages or phone calls to handle customer authentication” reported CoinTelegraph. One crypto asset holder was reportedly hijacked for more than $621,000, via the above tactics. AT&T had previously stated the safety of the customer’s account prior to the theft. T-Mobile was also listed in association with similar customer thefts and difficulties. Read on CoinTelegraph Bitcoin To $250k By 2023 Prediction Is ‘Absolutely Solid,’ Says Tim Draper Recent news shows crypto figure Tim Draper still backs his prediction of a $250k Bitcoin by the year 2023, with the possibility for even 2022. Bitcoinist reported Draper explaining during the recent Web Summit conference -“I have a pretty good sense of what’s going on four, five, six ten years from now because that’s my business - to meet with young entrepreneurs who are putting a future into my mind”. Read on Bitcoinist The post Daily Crypto Roundup 11/9/2018 appeared first on Crypto Insider.

4 days ago

Coinbase.com Adds Brave’s BAT Leading to Traders ‘Selling the News’

Basic Attention Token (BAT) has created a name for itself thanks to revolutionizing and starting web 3.0 by being the native currency of the decentralized web browser Brave. Now it comes into mainstream trading by being listed on Coinbase a week after being listed on Coinbase Pro. Coinbase made the announcement, stating that its users can now buy, sell, trade and transact with BAT on its cryptocurrency exchange platform on desktop along with the mobile versions. However, BAT will not be available for trading for residents in the state of New York on both Coinbase and Coinbase Pro as of now. As per Coinbase’s current listing BAT is added in a list which includes, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), USDC and ZRX. Coinbase is currently working on accelerating the crypto asset addition on its exchange platform. Coinbase added 0x in October, to start the initial stages of adding ERC-20 tokens. The same month concluded with an addition of Coinbase’s stablecoin with Circle called USDC which is pegged to the U.S Dollar. Zerocrypted Opinion - BAT being added on Coinbase Pro saw the price rising from $0.25 to $0.36 however following the announcement on Coinbase Consumer BAT fell by more than 8.5%. The primary reason was the cashing out of gains by investors. The phenomenon known as ‘buy the rumour, sell the news’ has repeated once again. People bought at the time of rumours that BAT will be included in Coinbase Consumer Currently at the time of writing BAT has seen a fall in price at $0.295685 as compared to $0.363909 about 15 hours back. With such patterns, it will be interesting to see what levels ZCash (ZEC) increases when listed on Coinbase PRO and then what levels it will fall after it is listed on Coinbase.com. Image Source - Flickr The post Coinbase.com Adds Brave’s BAT Leading to Traders ‘Selling the News’ appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

4 days ago

Lessons Learned from the Biggest Crypto Hacks in History

As you may know, the cryptocurrency industry is extensively targeted by hackers. Unfortunately, attackers have been quite successful in this space with plenty of high-profile attacks targeting crypto services. In just the first half of 2018, $1.1 billion worth of cryptocurrency was stolen from victims. These hacks painted a gloomy picture of the security of blockchain-related services, and some had a huge impact on the whole industry. Let’s review the most significant breaches and then see what we’ve learned from those hacks. Coincheck - $532 million January 26, 2018, the Japanese cryptocurrency exchange Coincheck froze all withdrawals on its platform. At first, the company published a blog post stating that they had stopped all NEM deposits: “Depositing NEM on Coincheck is currently being restricted. Deposits made to your account will not be reflected in your balance, and we advise all users to refrain from making deposits until the restriction has been lifted,” Coincheck announced. However, soon after that, the cryptocurrency exchange extended the freeze to NEM sales and purchases, as well as all withdrawals - including crypto and fiat pairs. It turned out that the reason for the suspension of withdrawals on the exchange was due to a hack, which resulted in the loss of $534 million worth of NEM. This attack is still considered the largest heist in the crypto industry. In a press conference hosted soon after the hack, Coincheck provided the details of the attack, stating that the attackers succeeded because the stolen NEM was stored in a hot wallet. The hackers managed to steal the private keys for the wallet, successfully draining the funds into their own wallets. Mt.Gox - $473 million For crypto enthusiasts, this is the story you’ll tell your kids when you are teaching them how not to store their funds. The Mt.Gox hack - which took place in early 2014 - had by far the largest impact of all the attacks listed here as the market was much smaller then. At the time Mt.Gox was the number one cryptocurrency exchange, handling over 70% of Bitcoin transactions. On February 7, 2014, the cryptocurrency exchange temporarily stopped all BTC withdrawals, which was extended to all trading activities on February 24. After that, the website went offline. Mt.Gox took these steps due to a hack, which resulted in the loss of the customers’ 744,408 Bitcoins as well as 100,000 BTC belonging to the company. At the time, the total amount the hackers stole was valued at approximately $473. As of November 1, 2018, despite it having been a bear market since early this year, the total BTC stolen from Mt.Gox is worth over $5 billion. Due to this unfortunate hack, the cryptocurrency exchange declared bankruptcy on February 28, 2014. It was found that the reason the attackers succeeded was that the exchange stored most of the cryptocurrency that was stolen in a web-based hot wallet, which had a vulnerability that the hackers took advantage of. BitGrail - $195 million In February 2018, the Italian cryptocurrency exchange BitGrail announced that it had been hacked, losing approximately $195 million worth of Nano, the cryptocurrency formerly known as RaiBlocks. Nano could be considered as one of the most unfortunate cryptocurrencies of all time, as it had increased its value from $0.2 to roughly $10 surviving even in early 2018’s bear market. But the hack has affected the crypto badly as approximately 17 million of the coin were stolen from BitGrail. As of November 1, 2018, Nano’s price stands at nearly $2. In a blog post on the company’s website, BitGrail stated that their internal checks revealed that the 17 million Nano was stolen from wallets managed by the cryptocurrency exchange. On the same day the company discovered the loss, they reported the incident to the authorities, the statement said. Despite the fact that the cryptocurrency was stolen from the Italian exchange’s wallets, the company has started to blame the Nano development team for the incident. “[BitGrail is] pressing charges against you due to your irresponsible behavior,” Francesco Firano, the owner of BitGrail stated. According to Mr. Firano, due to the non-collaboration of the Nano dev team, his company was unable to recover the lost funds. On the other hand, according to a Medium post from the Nano team, BitGrail offered a controversial solution to recover the $195 million of stolen funds. The team stated that Mr. Firano suggested an option, in which the ledger of transactions had to be modified. Nano devs stated that this is an action that is not possible, and not a direction they wanted to pursue. We still don’t know for sure who was responsible for the incident, although there is currently a court case between Nano and BitGrail. Bitfinex - $72 million In August 2016, nearly $72 million worth of BTC (almost 120,000 Bitcoins) was stolen from Bitfinex. Due to the magnitude of the attack and the fact that Bitfinex did not publish the details of their internal inve

4 days ago

Crypto Arbitrage Today - Easy 3.4% Profits Involving Major Altcoins

Not a day goes by in the cryptocurrency world without any new arbitrage opportunities popping up. Today is no different in this regard, even though most markets appear to be somewhat subdued. Even so, there are a fair few markets which allow for some quick profits, assuming one is willing to take a few small risks along the way. Ethereum Classic (Gate / Poloniex / YoBit) Nearly every day of the week, the price of Ethereum Classic on the YoBit exchange is higher compared to all other exchanges. That is a rather unhealthy situation, although it is a bit unclear as to why this is happening exactly. Buying ETC on Gate, Koineks, Binance, KuCoin, or Poloniex and selling on YoBit will result in profits of anywhere from 1.6% to 3.4%, depending on which platform one prefers to use. XLM (CEX / Gate / Binance) For this particular arbitrage opportunity, one doesn’t even need to rely on YoBit. That is always somewhat promising, especially because the exchanges involved today have far better overall liquidity. Buying XLM on Koineks or CEX and selling on Binance, KuCoin, or HitBTC should lead to profits of up to 1.3%. It is not the biggest gap, but XLM is a far more liquid market compared to ETC. DASH (Gate / HitBTC / Kraken) For the second day in a row, numerous arbitrage opportunities involving DASH have come to the surface. Buying the altcoin on Gate or Livecoin and selling on YoBit can yield small profits of up to 1.3%. Buying on Kraken, HitBTC, or Poloniex can elevate those profits to 2.5%. Buying on Kraken and selling on HitBTC allows for a quick 0.9% profit. Dogecoin (Livecoin / Gate / HitBTC) Another small arbitrage opportunity for those who dislike using the YoBit exchange. Buying Dogecoin on Gate.io, Koineks, or HitBTC allows users to sell it on Livecoin for profits of up to 1.8%. It is equally possible to buy on either of those exchanges and sell on YoBit for slightly higher profits. Depending on liquidity, a gain of 3% is not impossible to achieve. Bitcoin Cash (HitBTC / LiveCoin / Kraken) It is always interesting to see a Bitcoin Cash arbitrage opportunity become apparent. While this happens on a somewhat regular basis these days, it is still somewhat surprising. Buying on Kraken and selling on either OKEx, Livecoin, or HitBTC can yield a nice profit of 1%. Selling on YoBit offers returns of up to 2%. Users can also buy cheaper on KuCoin, CEX, Bitfinex, and Binance prior to selling on YoBit. Ethereum (Kraken / KuCoin / OKEx) Numerous arbitrage opportunities exist for Ethereum today. It seems prices on Kraken are a tad lower compared to all other major trading platforms. As such, buying on Krakne and selling on Gate, YoBit, KuCoin, HitbTC, OKEx, or Poloniex will always yield profits of up to 3.1%. A very big spread between Kraken and the rest, although that shouldn’t take much effort to bridge the gap. The post Crypto Arbitrage Today - Easy 3.4% Profits Involving Major Altcoins appeared first on NullTX.

4 days ago

RT @ETCCooperative: ETC sure does. ...

RT @ETCCooperative: ETC sure does. https://t.co/vqBWCpEeGb

4 days ago

"The accessibility of Ethereum Classic $ETC is growing in th...

"The accessibility of Ethereum Classic $ETC is growing in the #Canadian market."🇨🇦 Ethereum Classic ETC Gains Tract… https://t.co/eLP1cfHqeW

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

Where to Put Your Money in a Bear Crypto Market?

With Bitcoin down 68% and a number of top cryptocurrencies having lost over 90% of their value from their all-time high (ATH), where exactly one should invest their money in a bearish crypto market. Crypto Winter: Bear market of 2018 Cryptocurrencies have lost more than 50 percent of their value since they reached their peaks in early January. Bitcoin (BTC) is currently down over 68 percent from its all-time high (ATH) in mid-December at approximately $19,500. Ethereum (ETH) and XRP, the top cryptos are more than 85 percent down from their high in mid-January at about $1,400 and $3.85 respectively. Bitcoin Cash (BCH), Cardano (ADA), IOTA (MIOTA), Dash, Tron (TRX), Lisk (LSK), NEO, Verge (XVG), and QTUM have lost more than 90 percent of their peak values. Tether (USDT), the stable coin which is pegged by a dollar is also below $1 at $0.998, down over 17% from January peak at $1.21. The volatility has dropped to the lowest this year which is not at all encouraging for the investors to sink their feet into crypto waters. Moreover, the daily trading volume in the market has also taken a hit and registering low numbers. Investing in a Bear Market Nonetheless, New Wave Capital, a fully registered investment adviser co-founded by Albert Cheng and Stewart Hauser that was launched in July says the customers are still very much interested as many customers have invested more money into crypto. CEO Eric Campbell shares, “The kind of customers who would sign up during a downturn have more of a long-term approach to investing.” According to the firm, crypto investment is not for only accredited investors, but for regular people as well i.e. with an annual income range of $200,000 to $1 million net worth. With a minimum investment of $100, New Wave invests its customers’ funds across 15 cryptocurrencies viz. Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Stellar Lumens (XLM), Litecoin LTC), Ethereum Classic (ETC), Zcash (ZEC), OmiseGo (OMG), Golem (GNT), TenX (PAY), Numeraire (NMR), Civic (CVC), Basic Attention Token BAT), and 0x (ZRX). The options are rebalanced quarterly with the weighting based on an algorithm and a risk survey. As usually happens, in a bear market, bitcoin becomes the most favored cryptocurrency. However, Campbell is most bullish on the cryptocurrencies with a smaller market cap. “The smaller-cap altcoins have the largest potential, we think. In a bear market, everyone moves away from altcoins and they go back to what has been traditionally more resilient, which is bitcoin. They think it’s a safer asset. But when we come back to another bull market in the future, we think people will go back to altcoins.” The post Where to Put Your Money in a Bear Crypto Market? appeared first on Coingape.

5 days ago

Bitcoin Cash [BCH] hard fork sees another spat; Faketoshi sends bitter regards to Roger Ver

On November 8, two proponents of the Bitcoin Cash [BCH] community were found having a serious battle when one of them, Roger Ver, revealed an email that he received from Craig Wright this week. The message was apparently of an unprofessional nature wherein Wright aka Faketoshi displayed much hostility and outrightly bad-mouthed Ver. Some of the content from the email read: “Bitcoin will die before ABC shits on it. I will see BCH trade at 0 for a few hours. Will you? Side with ABC, you hate Bitcoin, you are my enemy. You have fucking no idea what that means.” Craig Wright’s email | Source: Roger Ver Next, Ver mentioned an email he received from Calvin Ayre, where he described the message as mature and civil. Ayre sent Veran an email at the onset of the November BCH hard fork and asked the Bitoin.com CEO to “rejoin the camp that supports economic freedom”. To this, Ver stated: “Maybe Calvin and I have a little bit of a difference of agreement as to what the best tools are to achieve more freedom for the world but that’s fine you know different people can have different opinions.” Roger Ver also spoke about the dilemma of splitting the coins. He cited the case of Ethereum and Ethereum Classic and mentioned that not splitting the coins became a problem during the hard fork as the customers of ETH were depositing ETH and receiving mixed coins from the exchanges. He added: “They say you can’t split the coins at all because people are going to lose coins, but I think they have it backwards and we have the empirical evidence from the last time when Ethereum split into ETH and ETC, a number of exchanges did not implement replay protection and as a result tons and tons of customer money was lost on these exchanges” Earlier this week, another Bitcoin Cash proponent and CEO of Money Button, Ryan Charles, had opined that the hard fork of the coin does not necessarily need replay protection. A replay attack is is an attack where valid data transmission is repeated or delayed. The post Bitcoin Cash [BCH] hard fork sees another spat; Faketoshi sends bitter regards to Roger Ver appeared first on AMBCrypto.

5 days ago

Jameson Lopp on Ethereum, Ethereum Killers, and ETC (Crypto Insider Interview with Vlad Costea)

On October 16th 2018, Jameson Lopp has agreed to do an exclusive interview with Crypto Insider’s Vlad Costea. The hour-long discussion, which has been published and transcribed in its entirety, contains plenty of brilliant moments where the cypherpunk approaches intricate topics and provides his knowledgeable expertise. Given the value of these explanations, we have decided to offer you small bits that are easier to consume and digest. The first piece that we’ve chosen is a nearly seven-minute introspection on the state of Ethereum. At first, Mr. Lopp expresses his thoughts on the Casper Proof of Stake implementation by referring to a recent testnet consensus failure. He then becomes slightly more optimistic in regards to the ways in which the sharding system can bring a greater and more impressive throughput. Finally, the Casa HODL engineer implies that he agrees with the Ethereum Classic version on a philosophical level, but expresses his concerns regarding the reduced financial capital and manpower the original Ethereum blockchain benefits from. Below you will find a full transcript of Jameson Lopp’s comments: Vlad: Do you think that the Ethereum people will do a good job with their Casper implementation? Because there seem to be a lot of rumors and a lot of talks about Vitalik’s version or Vlad Zamfir’s version. They seem to have different philosophies, they might have reached at this point, when they saw all these Ethereum killers just take away some of their market share... they might have reached some sort of consensus and maybe they want to speed up the implementation because it has been almost 2 years or even more... Jameson Lopp: I mean yeah, they’re on the bleeding edge of creating these new consensus protocols, and it looks like they’re constantly rethinking the work that they’ve done. And it’s hard to believe that they have stumbled upon the optimal version of whatever this protocol should be because it’s still changing. I think just a few days ago they had a consensus failure of their testnet, and that in itself doesn’t mean that the whole thing is flawed, but at the very least they have some bugs that need to be worked out. When it comes to building these type of networks, you can never be 100% sure that it’s bug-free. It more comes down to “Well, the system has been running for this long and it’s securing this many millions or billion dollars in assets, and it has not been successfully attacked.” So we have to wait and see this type of deals before we evaluate it better. Vlad: So do you think that Ethereum will ultimately be its own killer, in the sense that you have EOS, Tezos, NEO and plenty of other projects. But do you think that Ethereum will overcome its issues and just get back its community and its part of the market? Jameson Lopp: I think that if and when they do deploy their Proof of Stake system, there are a lot of people holding onto their Ether because they want to stake it and they want to basically earn interest on those tokens that they have been holding onto. So that would create like a new sense of enthusiasm and whatnot. I think the big question for me is actually the scalability of their sharding implementation and how that changes the security model, because from what I’ve read about it very drastically changes the security model from a fully-validating node on the network today (which I would argue that there aren’t that many of Ethereum) to eventually become this sharded node of which we only see a tiny aspect. It’s about observing how it ends up playing off of other shards or whether or not there are consensus failures between the shards and how that’s all handled. It’s a big question mark and it’s going to be very interesting to see how it plays out. But I think if they do succeed in the sharding plan, the last I saw is that they were estimating 200x throughput. Which is pretty significant, but you still come across this fundamental issue of doing all of these computations on the blockchain. Even if it’s a sharded blockchain, it’s very difficult to foresee how you end up having this world computer that is actually used in a mainstream level. Personally, I believe that Ethereum will become adopted more as a protocol and as a virtual machine than the main Ethereum network. And we’ve actually seen this happen, as there’s a number of different private and permissioned networks out there that are based on the Ethereum Virtual Machine. Even RSK, which is the Bitcoin sidechain, supports the Ethereum Virtual Machine. So I think that Ethereum has showed us a very clear use case of having this more generic developer-friendly smart contract language. It’s a bigger question to my mind how the final form of that is being adopted and implemented is. And it may not be on the main Ethereum network. Vlad: Do you think that ETC has it right in their approach in that they support immutability they want to be what the original project wanted to be about at the same time they don’t

5 days ago

Crypto Arbitrage Today: XLM, DOGE, EOS, TRX, ETC, DASH

Cryptocurrency arbitrage is often considered to be a viable way of scoring profits during volatile market trends. All top markets are currently going through a medium-sized dip, which means prices between exchanges will be very different. The following six options let users score some easy profits throughout today. Ethereum Classic (Koineks / Binance / YoBit) Buying Etheruem Classic on any exchange that is not YoBit will effectively result in some decent profits today. Its value on YoBIt is roughly 1.5% higher compared to the likes of Gate.io, Binance, KuCoin, and Poloniex. Koineks also has a lower price, although the arbitrage gap is slightly smaller. XLM (Kraken / CEX / Binance) It does not happen all that often prices for altcoins are higher on Binance compared to some other exchanges. As of today, buying XLM on Kraken, CEX, VeBitcoin, or Koineks, and selling them on either Binance or KuCoin can result in a profit of roughly 0.75%. Not the most lucrative option, but still one worth exploring due to its overall liquidity. TRON (Bitfinex / Binance / YoBit) The TRON arbitrage opportunity today is very similar to Ethereum Classic above, as it revolves around selling on YoBit for easy profits. Prices for TRX across OKEx, Gate, Koineks, Bitfinex, Binance, and HitBTC are all lower compared to YoBit. Exploring these options will result in gains of up to 1%. A small profit, but still better than nothing. DASH (Kraken / Koinim / YoBit) There are many different opportunities when it comes to arbitrage trading DASH today. Buying the altcoin on Koinim and selling it on YoBit, Gate, or Sistemkoin can result in profits of up to 2%. Buying on CEX, Kraken, HitBTC, or Gate and selling on YoBit offers gains of up to 1.5%. Plenty of trading options for quick and easy profits. DOGE (Livecoin / HitBTC / Poloniex) Most cryptocurrency users have a soft spot for Dogecoin, albeit often for very different reasons. In the case of arbitrage trading, DOGE can be a viable tool. Buying on Gate, HitBTC, or Poloniex and selling on Livecoin can yield a profit of up to 2.1%. Buying on the same exchanges and selling on YoBit can yield profits of up to 3.3%. EOS (YoBit / Bitifnex / Binance) EOS Is not a currency often associated with arbitrage trading, even though it has no liquidity issues across different platforms whatsoever. Today, there are many different opportunities where this altcoin is concerned. Buying low on HitBTC, Poloniex, Gate, Paribu, Bitfinex, Binance, or KuCoin and selling on YoBit will net easy profits. Traders can make up to 1.5% from exploring these various options. Information is provided by Arbing Tool Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Crypto Arbitrage Today: XLM, DOGE, EOS, TRX, ETC, DASH appeared first on NullTX.

5 days ago

Blockstream’s L-BTC can now be self-managed using ‘Liquid full node binaries’

A blockchain technology company, Blockstream recently announced the release of the Liquid full node binaries and its source code which is currently available on GitHub. With the help of Liquid full node binaries, users can join Blockstream’s Liquid network. Liquid is an inter-exchange settlement network [sidechain] which is responsible for faster Bitcoin transactions and the issuance of digital assets by linking cryptocurrency exchanges and other financial institutions. Blockstream’s tweet stated: “We are excited to announce the release of the Liquid full node binaries & source code! Now any user can join the #P2P #LiquidNetwork by operating a full node, in order to trustlessly use the #sidechain just like with the #Bitcoin #blockchain.” These full node binaries will let the users self-validate the chain like Bitcoin network. It also includes command-line utilities such as liquidd and liquid-cli. This enables users to self-manage L-BTC [Liquid BTC] and other Liquid Assets. L-BTC is the native asset of Liquid network which is backed by Bitcoin’s blockchain through a mechanism called two-way peg. This process allows the bidirectional transfer of assets between the parent chain and the sidechain at a fixed exchange rate by reusing the existing Bitcoin [BTC]. According to Blockstream, using Liquid’s Issued Asset technology you can quickly tokenize traditional currencies, real-world assets, and other cryptocurrencies, and transact them securely with other members of the network. Confidential Transactions and Confidential assets are the two main privacy features of Liquid when compared to Bitcoin. Users can now utilize them with the help of Liquid full node binaries. Ash, a Bitcoin proponent said: “Amazing work by Blockstream: fast federated system, complement to Lightning micropayments, potential for tokenising other assets like fiat & gold in the future, all anchored on bitcoins security. Doesn’t have loans etc so likely more competition for BAKKT than ethereum” Further, Adam Back, the Co-Founder of Blockstream had a discussion on the new technology. While discussing about the self-validation and trustlessness feature of full node binaries, he said: “In Bitcoin, if miners make invalid blocks the fullnodes ignore them and stay on the most work valid chain. With liquid (today) blocks are signed by an 11of15 multisig, and each functionary cross-checks, and will not sign invalid blocks, that would require functionary modification” By running a liquid fullnode one would not accept double spent, nor fake liquid assets [created without transfer or not issued by the issuer for the respective asset]. Also, the fullnode would not follow a fork in the chain building on an invalid block., says Adam. The post Blockstream’s L-BTC can now be self-managed using ‘Liquid full node binaries’ appeared first on AMBCrypto.

6 days ago

Ethereum Classic Price Analysis: ETC/USD Approaching Significant Support

Key Highlights Ethereum classic price traded close to $10.00 before correcting lower against the US dollar. There is a major bullish trend line in place with support at $9.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to find a strong buying interest near the $9.40 or $9.20 support level. Ethereum classic price started a downside correction against the US Dollar and Bitcoin. ETC/USD is approaching a few important supports above the $9.20 level. Ethereum Classic Price Analysis In the last analysis, we discussed that ETC price may recover further above the $9.50 and $9.60 resistances against the US dollar. The ETC/USD pair did move higher and traded above the $9.60 resistance plus the 100 hourly simple moving average. The price traded close to the key $10.00 resistance and formed a high at $9.95. Later, there was a downside correction and the price declined below the $9.75 support. There was a break below the 50% Fib retracement level of the last wave from the $9.23 low to $9.95 high. However, the price is now approaching a major support area near $9.40. More importantly, there is a major bullish trend line in place with support at $9.40 on the hourly chart of the ETC/USD pair. The trend line support is close to the 76.4% Fib retracement level of the last wave from the $9.23 low to $9.95 high. Besides, the 100 hourly SMA is also near $9.45 to provide support. Below the trend line, the price could test the $9.20 level, which was a resistance earlier and now it may provide support. The chart suggests that ETC price is approaching a few important support levels such as $9.40 and $9.20. As long as the price is above $9.20, it could bounce back above $9.75. Hourly MACD - The MACD for ETC/USD is slowly moving in the bearish zone. Hourly RSI - The RSI for ETC/USD is moving lower towards the 30 level. Major Support Level - $9.20 Major Resistance Level - $9.75 The post Ethereum Classic Price Analysis: ETC/USD Approaching Significant Support appeared first on NewsBTC.

6 days ago

Ethereum (ETC) Price Analysis: Ready to Test Channel Bottom

Ethereum is trading higher in an ascending channel and has just bounced off the top. A pullback to support may be in order and a bounce could happen as this lines up with the Fib levels. In particular, the 61.8% level is in line with the channel bottom around the $210 mark. The 50% Fib is closer to an area of interest or former resistance that might now hold as a floor, as well as the 100 SMA dynamic inflection point. On the subject of moving averages, the 100 SMA is safely above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse. The gap between the moving averages is also widening to reflect stronger bullish momentum. Stochastic is on the move down, though, so sellers still have some energy left in them for more declines. Then again, this might simply mean that the correction could go on for a bit longer. The 200 SMA dynamic support might be the line in the sand, as a break below this could signal a continuation of the longer-term slide. RSI is also heading south so ethereum price might follow suit. Cryptocurrencies had been off to a good run so far this month, but it’s understandable that traders are also quick to book profits at key levels. With that, retracements are in order and it’s likely that bulls are just waiting to add to their positions at better prices. Ethereum is looking ahead to the SEC guidelines on ICOs which might hopefully weed out fraudulent ones and assure legitimacy of the rest. This could prevent quick liquidations of tokens built on the ERC20 platform, which then lead to a corresponding drop in ethereum price. The post Ethereum (ETC) Price Analysis: Ready to Test Channel Bottom appeared first on Ethereum World News.

6 days ago

Cardano (ADA) Finally Breaks Downtrend To Begin A New Cycle

Chart for ADA/USD (1W) Cardano (ADA) has finally broken a historical downtrend and started a new cycle. This is a major achievement for Cardano (ADA) considering its aggressive correction left a lot of investors clueless as to what might be the future of this project. Cardano (ADA) received a lot of hype last year which soon put it in the top 10 league. However, as we have seen in the past, usually after a correction, new projects replace old projects in terms of ranking. For instance, once overhyped coins like Stratis, Factom and Augur are not so hot anymore. In fact, most new cryptocurrency investors may have not even heard of them, but there was once a time when these cryptocurrencies were a part of every altcoin investor’s portfolio. The price of a cryptocurrency is not often a true reflection of its actual value. This was also the case with Cardano (ADA). When Cardano (ADA) entered the top 10 league and it was one of the hottest investments around late 2017, debates regarding its actual value started to rise. Some investors believed Cardano (ADA) was really undervalued and others thought it was really overhyped. The number of investors or analysts who believed it was somewhere in the middle was very low. This was because Cardano (ADA) was and still is shrouded in different layers of mystery. Investors like to believe it is a wonderful project but they cannot really explain how exactly. Chart for ADA/BTC (1W) One thing is clear and that is that Cardano (ADA) derives most of its popularity and hype from two key names associated with the project: Charles Hoskinson and IOHK. Both of these names are also associated with Ethereum Classic (ETC). So, people who know enough about Charles Hoskinson or IOHK are inclined to believe that Cardano (ADA) is a great project even if they do not know much about it. I used to be one of those people. Charles and IOHK have achieved so much and they are one the major driving forces in the blockchain space. If it were not for them, we would have people like Dan Larimer and a race for useless products and upgrades just for public consumption. Charles Hoskinson and IOHK on the other hand are focused on real work and sustainable products instead of creating useless shiny products one after the other. Cardano (ADA) might have been overvalued at the top even if majority believed otherwise. However, the fact remains that is a long way from the top and is now just above its all time low, looking to begin a new cycle. There should be absolutely no doubt that Cardano (ADA) is definitely undervalued at this price and has a lot of room for growth considering everything that the team has been up to. For people who want to invest in the future, cryptocurrencies like Cardano (ADA) is one of the safest bets. Projects like Ripple (XRP) or Eos (EOS) may have a lot more room for short term gains but their future remains uncertain. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Cardano (ADA) Finally Breaks Downtrend To Begin A New Cycle appeared first on Crypto Daily™.

6 days ago

RT @ETCCooperative: ETC is full of many amazing people. ...

RT @ETCCooperative: ETC is full of many amazing people. https://t.co/GXnHOqHT3A

6 days ago

Crypto Arbitrage Today: USDT, TUSD, ZEC, TRX , XEM, ETC

Cryptocurrency arbitrage trading opportunities will always become apparent when a new day comes around. It is evident there are many different ways to make money with cryptocurrency, even if markets are not noting any real gains or losses. The following six coins are worth checking out in this department, as there is some decent money to be made. ZCash (YoBit / HitBTC / Bittrex) There are many different arbitrage opportunities where ZCash is concerned. Most exchanges have a lower price compared to YoBit, which allows for a quick and easy profit. Buying on HitBTC, Gate.io, CEX, Bittrex, or Bitfinex and selling on YoBit will result in profits of up to 1.8%. A more than healthy gain for doing little work, depending on overall liquidity across the different exchanges. TrueUSD (VeBitcoin / Binance) It has not been an easy time for stablecoins to do what they are designed to do: maintaining a peg to the US Dollar. In the case of TrueUSD, the value on Vebitcoin is slightly below that on Binance, which makes for some interesting opportunities. There isn’t a ton of liquidity at these prices on Vebitcoin, but the early bird can still get the worm. Ethereum Classic (Gate / Binance/ YoBit) Buying any cryptocurrency on an exchange that isn’t YoBit and selling it on YoBit seems to result in profits these days. For those looking to trade Ethereum Classic, buying on Gate, Koineks, Binance, KuCoin, or Poloniex will allow for some easy profits. Gains of 2% should be achievable without too many problems. XEM (Koineks / Livecoin / YoBit) Despite a rather tough year for XEM, it seems the altcoin is still in demand and can effectively lead to some arbitrage profits. Buying XEM on either Koineks or Livecoin and selling on YoBit can result in a profit of 5%. That is a lot of good money waiting to be made for doing virtually nothing at all, assuming there is sufficient liquidity. TRON (HitBTC / Bitfinex / OKEx) Numerous exchanges offer TRX trading, albeit often at slightly different prices. As of right now, there is a good chance buying TRON on HitBTC, Gate, Koineks, Bitfinex, Binance, or OKEx will allow users to score a quick 1% profit by flipping TRX on YoBit. A very peculiar option, primarily because the potential profit is nearly identical for buying on any of the listed exchanges. USDT (KuCoin / Bittrex / BtcTurk) It is somewhat unusual to see stablecoins offer arbitrage opportunities in Turkey. For the time being, buying USDT on BtcTurk, Koineks, Sistemkoin, or even Bittrex and selling it on KuCoin will result in profits of up to 1.7%. That is quite good money to be made from one of the most liquid stablecoin pairs which is used across dozens of exchanges in this day and age. All information is provided courtesy of Arbing Tool. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Crypto Arbitrage Today: USDT, TUSD, ZEC, TRX , XEM, ETC appeared first on NullTX.

7 days ago

Toronto-Based Crypto Exchange Coinsquare Lists Ethereum Classic (ETC)

Canadian cryptocurrency exchange Coinsquare announced that it has added support for Ethereum Classic (ETC), the No. 16 cryptocurrency based on market cap. According to the announcement: “You can fund and withdraw ETC directly and buy/trade it through our Quick Trade feature.” The ETC Cooperative tweeted that Coinsquare is a “fast-growing exchange in Canada.” One follower asked when the exchange would support a privacy coin like Zcash, in response to which the Coinsquare team said they would "add that to the list of coins to chat about." (GT)

7 days ago

Coinbase Lists BAT, Could Stellar Lumens (XLM) Be Next?

Coinbase Lists BAT After Months Of Speculation As reported by Ethereum World News on Friday afternoon, after months of speculation and unbridled hope, San Francisco-based Coinbase announced that it had plans to list Basic Attention Token (BAT), the native digital asset of the Brave Browser, on its professional-centric platform, the similarly named Coinbase Pro. BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI — Coinbase Pro (@CoinbasePro) November 2, 2018 The announcement, which came via a tweet and an accompanying blog post, revealed that starting on Friday, Coinbase Pro would allow its clients to deposit BAT tokens, which are based upon the Ethereum Network. Once “sufficient liquidity is established,” the American crypto startup intends to open trading for its BAT/USD Coin (USDC) order book. Interestingly, users “in most jurisdictions” will have access to the popular Ethereum token, except for those who reside in the state of New York, where the regulatory climate surrounding financial institutions is a lot more strict. Like Coinbase Pro’s previous listing events surrounding Ethereum Classic (ETC) and 0x (ZRX), BAT trading will be rolled out in a four-step/stage process — transfer-only, post-only, limit-only, and full trading. It is important to note that for now, BAT will not be available via Coinbase Consumer, better known as Coinbase.com, or through the startup’s iOS and Android applications, but the crypto firm added that it will make a separate announcement when the time comes. Due to the colloquially-dubbed “Coinbase Effect,” BAT is currently up 13.5% at the time of writing and is valued at $0.291 a piece. Stellar’s XLM, ADA, ZEC Still On The Coinbase Chopping Block Months ago, as you likely recall, Coinbase, a crypto-centric upstart now valued at a jaw-dropping $8 billion, unexpectedly revealed that it was pondering the listing of five popular altcoins — Stellar Lumens (XLM), 0x (ZRX), Cardano (ADA), ZCash (ZEC), and Basic Attention Token (BAT). In the original announcement, the quickly expanding company wrote: We are exploring the addition of several new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible. While the startup went radio silent on the matter for multiple months, in early-September, rumors arose that Coinbase was looking into adding 0x (ZRX). Eventually, those rumors became a reality, with the popular cryptocurrency platform revealing support for ZRX in mid-September, marking the first time that Coinbase had listed a token — an Ethereum-based one no less. Now, as aforementioned, Coinbase had added their second Ethereum token, listing BAT just two weeks after the ZRX premiere. Considering the double-digit price surge that both ZRX and BAT subsequently saw, many have begun to consider which token/crypto asset Coinbase will add next. As it stands, ADA, XLM, and ZEC are the only crypto assets Coinbase’s chopping block, so to speak. ZEC Recently, the ZCash Network underwent one of its largest protocol upgrades to-date, launching the so-called Sapling Protocol that changes how the privacy-centric blockchain handles zero-knowledge proof transactions. Due to this upgrade, many exchanges have shut down ZEC deposit and withdrawal abilities, for the time being, indicating that Sapling may have drastically changed how platforms accept, process, and send ZEC. Not only have the technical logistics changed for exchanges, but the regulatory climate surrounding ZEC, which is centered around private transactions, is still up in the air. These two factors could indicate that Coinbase won’t list the asset in the near future. ADA While Cardano has proven itself to be a leading network in today’s cryptocurrency realm, some are skeptical about ADA’s short-term success. Due to the fact that the Cardano Network is in its infancy, in spite of the heavyweight team backing the project, there have been many that aren’t ready to see ADA on Coinbase... or at least in the next few months anyway. XLM Unsurprisingly, many pundits of the Stellar Network and its native asset, Stellar Lumens (XLM), have been waiting for Coinbase’s validation for years. Jed McCaleb-backed Stellar, which somewhat unlike Cardano, has a mostly fully-fledged ledger up-and-running, has been seen as the primary contender for Coinbase’s next listing due to the real-world adoption and utilization of the popular network. Interestingly, out of the three aforementioned cryptocurrencies, Lumens rose the most following the BAT announcement, potentially alluding to the market’s sentiment that Coinbase will be listing XLM next. Title Image Courtesy of Billy Huynh on Unsplash The post Coinbase Lists BAT, Could Stellar Lumens (XLM) Be Next? appeared fi

8 days ago

Daily Cryptocurrency News - 3rd November 2018

Here are the latest most important cryptocurrency news of November 3rd, 2018: Basic Attention Token (BAT) Just Got Listed on Coinbase Pro In a recent Twitter announcement, Coinbase Pro said that they successfully added Basic Attention Token (BAT) on the platform. The tweet by the exchange went on to announce that traders can only deposit BAT into their trading accounts, but cannot place or fill orders. Order books will remain in a transfer-only mode for at least 12 hours. BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI — Coinbase Pro (@CoinbasePro) November 2, 2018 The Basic Attention Token (BAT) is a payment system that rewards publishers for their content and users for their attention, while at the same time giving advertisers with more in return for their ads. BAT aims to become the new token for the digital advertising industry. The team has recently released a new version of their browser (Brave Browser.) It features an ad-blocker, fast speed, and reliability, as well as rewards for browsing. If you want to download their amazing Brave Browser, you can download it here. Litecoin Will Be Available to 2 Billion Facebook Users Thanks to the Lite.IM Messenger Wallet Source: Blockmanity The Zug based Blockchain startup Zulu Republic has expanded its services to Facebook messenger. Starting from today Litecoin will be accessible to the billions of users Facebook currently has. The company has previously launched Lite.IM on Telegram where users can get access to Litecoin though simple send and receive commands. Today, they have extended these features to Facebook which has the highest number of users amongst any social media platform. This expansion expects to make Litecoin easily accessible to people who have no access to banks or financial institutions. We are happy to announce that @liteim_official is now live on Facebook Messenger. 2Bn+ @facebook users now have direct access to easily and securely, send, manage and invest in Litecoin. ⭐️ Get Started - https://t.co/NXJdKlhagY Made By @ZTXRepublic pic.twitter.com/BhvJw9l2fC — lite.im (@liteim_official) October 31, 2018 In addition, Lite.IM does not control the private keys of the user hence mitigates the risk of a central point of failure. It intends to make Litecoin usable to people who don’t have much idea about cryptocurrencies and neither a good internet connection. How Can I Get Started? Users that are willing to try out the service need to start a conversation with Lite.IM using the messenger link of m.me/lite.im Once the conversation begins, the user will proceed to register after accepting the terms and conditions of using the service After registering, the service will ask for the user’s primary e-mail address Following this, the service will ask the user for the phone number in the following format: +[country][number] The service will then send an SMS code for the user to confirm. After confirming the code, the user will proceed to enter a secure password for the Lite.IM account The user will then receive an LTC wallet address The user will be not all set to send and receive LTC on Facebook Messenger If you want to know more information about LiteIM, you can visit their website on this link. Goldman Sachs Starts Onboarding Clients For Its New Bitcoin Derivative Source: Hacker Noon Goldman Sachs has already started onboarding some of its clients to trade on its Bitcoin derivatives, non-deliverable forward (NDF) contracts platform. Though the trading desk has not yet arrived, reports say that the company has already begun signing up a “small number of clients” while still considering the possibility of launching custody services for crypto assets in the future. Derivatives are contracts between 2 separate parties that work together to fix the price of an underlying asset - in this case, digital tokens or coins - over a period for a future transaction. The user will purchase the asset on a specific date at a particular price, while the seller commits to issuing the product. At present, Bitcoin derivatives are available on several regulated US trading platforms. This includes the exchanges CME and CBOE. Both of these firms offer cash-settled bitcoin futures contracts. Each of these exchanges has given investors reasons to believe that they will expand their crypto offerings in the future. CBOE, on its part, has outright expressed its desire to remain a leader in the cryptocurrency derivatives marketplace, while CME has launched an Ether price reference rate but in public statements has been less-than-enthusiastic about the crypto industry. Goldman Sachs is positive about cryptocurrency’s future, and there is no doubt they will try to stay in line with the industry. Ripple Became the Most Effici

8 days ago

Coinbase adds Brave Browser’s BAT Token

Coinbase had revealed it would list Steller Lumens (XLM), Cardano (ADA), ZCash (ZEC) and Basic Attention Token (BAT) a few months ago. The first token that has been added from the list is BAT which is the native token of the Brave Browser. The BAT token will be accessible to everyone using Coinbase Pro except people from the State of New York due to regulations. The announcement was made via Coinbase’s official Twitter handle- BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI — Coinbase Pro (@CoinbasePro) November 2, 2018 Clients will be able to deposit the BAT Token in the beginning, and once liquidity is established the trading of BAT/USD Coin (USDC) will begin. USDC is the stable coin which Coinbase has developed with Circle. The same four stages as applied to Ethereum Classic (ETC) and 0x (ZRX) being listed on Coinbase will take place for BAT. These steps include- Transfer only, post-only, limit-only and finally full trading. Brave Browser is run with the native token of Basic Attention Token (BAT). BAT is taking digital advertising using the Brave Browser to the next level by helping revenue be exchanged between publishers, advertisers, and users. Zerocrypted Opinion- You can expect XLM, ADA and ZEC being added next in Coinbase given that BAT is successfully chosen to be listed on the popular cryptocurrency exchange. Given the announcement of BAT being listed on Coinbase, the price of BAT increased. The price of BAT at the time of writing is $0.299759 while the market capitalization is at $299,758,640. Prior to BAT being added, 0x (ZRX) was added in mid-September which led to ZRX rising in price too. The so-called ‘Coinbase effect’ means the next coin added in Coinbase will experience the same demand leading to a price increase. Amongst the remaining three, XLM is the most likely to be added given its real-world adoption and its ranking of 6th place in the cryptocurrency market according to CoinMarketCap. Image Source - Flickr The post Coinbase adds Brave Browser’s BAT Token appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

8 days ago

Ethereum Classic (ETC) Technicals Indicate A Big Move Before Full IOT Compatibility This Month

Ethereum Classic (ETC) is expected to become fully IOT (Internet of Things) compatible by November 30, 2018. This is no doubt going to be a big development for the sleeping giant. However, previously we have seen events like Coinbase listing and ETC Summit makes no impact on the price of Ethereum Classic (ETC) at all. For all we know, this time may be no different and the price may not appreciate short term. However, all of these developments combined are definitely going to have a strong impact long term. Most cryptocurrency projects do not think beyond cryptocurrencies or the blockchain technology. There is a reason for that. Blockchain is a hot topic and they want to capitalize on that, but what happens when blockchain is not so hot anymore? This is what differentiates Ethereum Classic (ETC) from most other projects. While most projects out there are in the race to create new chains and wallets, Ethereum Classic (ETC) is working on using those chains and wallets for IOT (Internet of Things). Of course most other projects are not focusing on IOT because they are not made for IOT. For instance, Ethereum (ETH) is a great blockchain but its centralized governance and mutable nature makes it a nightmare for IOT. The same goes for EOS (EOS). As for IOTA (MIOTA), it has a strong chance at becoming a serious contender in the IOT space but it has technological limitations as IOTA (MIOTA) is not built on a blockchain. A few critics from MIT recently pointed out some flaws in IOTA’s tangle. Ethereum Classic (ETC) on the other hand is tried and tested and is better positioned to become the leader in IOT. We are still weeks away from Ethereum Classic (ETC) becoming fully IOT compatible but the technicals are already showing signs of a major breakout. The first chart for ETCUSDLongs shows a strong bull flag being formed. This shows that the bulls are ready to push the price higher, but that is not all. The weekly chart for ETCUSDShorts shows that the bearish resolve is seriously hurt now that the number of shorts has broken below the historical trend line. One big drop in the number of shorts could result in a major spike in the price of ETC/USD. Both the ETCUSDLongs and ETCUSDShorts point to one conclusion and that is a bullish breakout in the weeks ahead. To put it all in perspective, let us examine what ETC/USD has been through. The price declined from its all time high of $44.34 to a low of $8.86. During the correction, Ethereum Classic (ETC) saw a lot of favorable developments but none of them made any impact on its price. The price has now completed a bullish gartley pattern spanning over a period of two years. The price has completed a correction in the same manner it completed a rally between 2017 and 2018. Ethereum Classic (ETC) is one of the few coins that have seen gaming changing developments during the correction. It is likely that all of these developments will eventually reflect in its price as the market recovers. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Ethereum Classic (ETC) Technicals Indicate A Big Move Before Full IOT Compatibility This Month appeared first on Crypto Daily™.

8 days ago

Why Security Tokens Could Help Redefine What it Means to be an Accredited Investor.

The cryptocurrency revolution has long been synonymous with the idea of financial freedom and the ability of people to take control of how they store, spend and invest their money. This libertarian ideal has mostly been realized through Bitcoin and the slew of Altcoins that have entered the market in the past few years. However, with the introduction of security tokens, we are on the cusp of creating new opportunities for financial inclusion that have never been experienced before. Imagine for a moment that a construction worker who earns less than $20k a year is able to gain access to the same investment deals that fly across the desk of Jamie Dimon or Warren Buffet on a daily basis. Imagine a Banksy painting that cleverly depicts the age-old theme of class struggles, yet is ironically worth over $1million. What if this painting could be tokenized so that anyone with $50 in their pocket could own a piece of it? Security tokens are bringing us closer than ever to this reality. What is a security token? A Security Token is essentially an investment contract that represents legal ownership (as recognized by the SEC) of a physical or digital asset (like real estate, artwork or ETFs) that has been verified on the blockchain. Investors can exchange fiat money or cryptocurrencies for security tokens via a smart contract. With this verifiable and legal ownership, security token holders can easily trade their tokens for other assets, use them as collateral for a loan, or even fractionalize them to store in different digital wallets. The true value of security tokens is their ability to completely change how we define asset ownership, making assets that have traditionally only been available to wealthy people in developed nations more accessible to regular people all over the world to own (even if only in portions) and collect dividends from. When we think about all the physical and digital assets of the world that hold value (company equity, rewards, art, gold, personal brands, etc), and recognize that these assets can be tokenized and sold as securities on the blockchain, the possibilities for security tokens are endless. Despite the optimism around this innovation, there are concerns that the traditional financial system is threatening to handicap this technology so that it becomes nothing more than another tool to help the rich grow richer. How will the security token revolution be handicapped? Simply through the stale and restrictive laws of investor accreditation. As an investor, to be ‘accredited’ is to have special status under financial regulation laws. This special status grants you access to complex and higher-risk investments such as venture capital, hedge funds, and angel investments. In the United States, accredited investor rules dictate that you must have a net worth of at least $1,000,000, or earn an income of at least $200,000 each year for the last two years. The assumption with this status is that only people with large amounts of money should be afforded the privilege of investing in risky companies where their entire investment could drop to zero. Although the goal is supposed to be to protect regular investors, this is actually the opposite case. Founder Vitalik Buterin, a prominent member in the crypto space, has shared his concerns about this issue: “I personally am willing to publicly say that I find current accredited investor rules of many countries, which allow only millionaires to invest in securities, very unfair and plutocratic, and in some cases they can make things actually worse because they mean regular people can only buy in at higher prices and thus more easily become victims.” Many who understand that the only way to make ‘real’ money as an investor is the get in early have expressed this sentiment. Accredited Investors have the privilege of investing in stocks or tokens at a 50% discount, and can simply choose to sell their stake once the stocks or tokens go public and everyone else starts buying in. This creates a cycle whereby accredited investors don’t even have to recognize any long-term value in a company in order to profit. They simply have to get in early and rely on non-accredited investors to jump in later so they can profit off of them. In the end, the regular investors whom the laws are supposed to protect end up getting hurt because, by the time they have bought in, the price can only go down, as accredited investors begin to sell their stake. Unfortunately, with the SEC overseeing the process of approval for security tokens, it seems like we are likely to create a whole new asset class that will once again be kept away from the people who could benefit from it the most. The democratization of information has allowed everyday investors to become more educated about markets than ever. What’s most concerning about the accredited investor restrictions is the fact that they do not reflect an understanding of the ways in which today’s investors actually

8 days ago

Another Report Says Crypto Mining Uses More Power than Traditional Mining

A report published today has stated that mining $1 worth of Bitcoin requires more electricity than mining almost any material traditionally dug from the earth. The authors state that between three million and 15 million tons of carbon emissions have been caused by the sector over the last two years. Another Report into the Environmental Impact of Bitcoin According to research conducted for the Nature Sustainability, a British journal, it requires more energy to create a single dollar’s worth of BTC than it does to mine the same value of precious metals, rare earth metals, gold, or copper. In fact, the only material mentioned in the report that Bitcoin was less energy efficient than was aluminium. The report, titled “Quantification of energy and carbon costs for mining cryptocurrencies” was authored by Max Krause and Thabet Tolaymat. Both contributors work at the U.S. Environmental Protection Agency (EPA). However, they claim it was completed entirely independently and without funding from the organisation. It was not just the most popular digital asset that the authors tested the green credentials of, however. During the document, the power required to create $1 worth of three other large market capitalisation cryptocurrencies were compared with one another. It was found that Bitcoin and Monero are the most power hungry networks. These required 17 and 14 megajoules (MJ) respectively. Meanwhile, at around half this figure are Litecoin and Ethereum. The same data was then presented for different materials requiring “mining.” Rare earth metals - neodymium, cerium, etc -, precious metals, gold, and copper all required less energy to produce than either Bitcoin or Monero at nine, seven, five, and four MJ respectively. All of these figures are averages for the two-and-a-half year period between January 2016 and June 2018. Krause and Tolaymat state that the four blockchains included in the report are responsible for between three million and 15 million tonnes of carbon emissions over the same time span. However, the report neglects the fact that a lot has changed in cryptocurrency over the course of that period. Possibly most importantly is that mining is rapidly spreading outside of China. With mining rig operators seeking the cheapest energy possible, many have settled in Canada thanks to its abundant hydro-electric resources or Iceland with its geothermal energy. A green mining operation running off surplus hydro-electricity barely has any impact on the environment whereas a warehouse full of rigs sucking fossil fuel-generated power direct from the Chinese grid is obviously orders of magnitude less sustainable. Krause spoke to BuzzFeed.News about some of the report’s other shortcomings. He said that despite both being mined, digital currencies and physical metals are not “functional substitutes” meaning the comparisons were always going to be problematic. He said the aim of the self-funded report was to create awareness about the impact digital currencies could be having on the environment rather than make some profound comparison between the two “mined” assets. The author also acknowledged that the environmental impact of a Bitcoin once created is far less than that of a physical metal that needs shaping, transporting, and storing in ways that are simply not required for the intangible asset Bitcoin. The voices of protest against Bitcoin and other cryptocurrencies on strictly environmental grounds seem to be growing louder lately. At the end of last month, a study was published by Nature Climate Change warning that energy-demanding Bitcoin transactions would easily sling the global temperature past the 2-degree threshold set under the Paris Climate Agreement. However, all transformative technologies start off as hopelessly inefficient. If they prove their utility to society, it then becomes a race towards efficiency. We already see this occurring today as mining manufacturers strive to create less energy-hungry units and operators seek cheaper, renewable energy. Featured image from Shutterstock. The post Another Report Says Crypto Mining Uses More Power than Traditional Mining appeared first on NewsBTC.

8 days ago

Crypto Arbitrage Today: ETH, ZEC, ETC, EOS, DOGE, BCH

A new day dawns upon the cryptocurrency markets, which also means there are new arbitrage opportunities waiting to be explored. As is usually the case, YoBit will play an integral part in these trades, as it remains the “outlier” for altcoin prices. The following six opportunities can result in some decent profits in exchange for very little effort. Ethereum Classic (Koineks / Binance / KuCoin) A lot of altcoin trading platforms have a lower price for Ethereum Classic when compared to YoBit. That list includes Koineks, Binance, KuCoin, Poloniex, and Gate.io. Depending on where one buys ETC from and the overall liquidity on YoBit, profits can be as high as 2% for exploiting price gaps. ZCash (CEX / Bitfinex / HitBTC) A similar opportunity has arisen for ZCash, primarily because there are some interesting price gaps where the same exchanges are concerned. For ZEC, buying on Sistemkoin, CEX, Poloniex, and Gate.io will yield the highest profits after selling on YoBit. Bitfinex and HitBTC are also suitable for buying, albeit their prices are slightly higher. EOS (Poloniex / Bitfinex / Binance) For those who seek arbitrage trading profits involving EOS, there are numerous platforms to buy from. Poloniex, Gate.io, Bitfinex, Binance, KuCoin, and HitBTC all have much lower prices compared to YoBit. Profits will range from 1% to 1.25%. It is not the biggest market opportunity whatsoever, but any profit is better than a loss. Dogecoin (Koineks / Poloniex / Livecoin) Unlike the previous currencies, Dogecoin is subject to arbitrage trading on a platform besides YoBit as well. Its price on Livecoin is higher when buying DOGE on either Gate.io or HitBTC, with profits going as high as 1.25%. Buying on either exchange and selling on YoBit will result in a 2.5% profit, which could make for the better option. Bitcoin Cash (Kraken / VeBitcoin / Bitstamp) The most recent price surge of Bitcoin Cash has shaken up all markets in a significant manner. It also means prices are not exactly the same across all platforms whatsoever. Kraken has a lower price than OKEx, Gate.io, and YoBit, with profits going as high as 1.9%. Bitstamp, Vebitcoin, CEX, and Bitfinex all have lower prices than YoBit as well. Ethereum (Livecoin / Kucoin / Poloniex) Selling Ethereum on YoBit will lead to easy profits when buying on virtually every platform. Livecoin, Kraken, OKEx, Koineks, Bittrex, and many others all have a far lower ETH price as of right now. Some pairs will offer arbitrage gains of up to 2.5%, although the average sits closer to the 1.6% mark. All information is provided courtesy of Arbing Tool. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Crypto Arbitrage Today: ETH, ZEC, ETC, EOS, DOGE, BCH appeared first on NullTX.

8 days ago

Grayscale Investment’s Q3 Report Suggests a Strong Future for Bitcoin

Grayscale Investment’s Q3 report suggests that smart money has been buying up cryptocurrencies in anticipation of a strong rally. The investment firm offers digital currency backed investment vehicles that are regulated and available to retail and institutional investors. The report also shows that 70% of the $80 million that flowed into Grayscale’s digital currency trusts in Q3 came directly from institutional investors. To date, Grayscale has received nearly $330 million in new funds and 59% of this amount is from institutional investors. The firm currently offers single asset exposure to BTC, ETH, LTC, BCH, ETC, XRP, ZEC and ZEN. (RS)

8 days ago

Whoever gets the most likes / shares / retweets / upvotes / ...

Whoever gets the most likes / shares / retweets / upvotes / etc wins 50 GIN! End of #contest is on Friday, 9th of N… https://t.co/4Xbsq3PUbT

9 days ago

Ethereum [ETH] says deep down, we’ll always love Ethereum Classic [ETC] despite the divorce

According to a recent announcement, Ethereum [ETH] special projects platform will be donating 15,000 ETC to Ethereum Classic Cooperative. This donation is to ensure that the Ethereum Foundation is investing in ETC in order to maintain a long-term positive-sum relationship. The report stated that the Foundation found a cold wallet which had about 15,000 ETC. The Ethereum Foundation decided to donate the unsold ETC to the Ethereum Classic Cooperation. Furthermore, the reason for the foundation to donate the ETC was because Ethereum Classic had some quality engineering. Some of the projects that interested the Ethereum foundation were the SputnikVM, which aims to be an efficient virtual machine for different Ethereum-based blockchains, and the Emerald Platform, an open source project, where tools are created by developers to build decentralized applications on Ethereum Classic [ETC]. In addition, the Ethereum foundation felt that donation could unite both the platforms for a greater good and create an opportunity “to bury the hatchet” between both the communities. In the top 25 cryptocurrencies, ETH and ETC shared a similar vision and technology. It was further in the mutual interest of both the platforms to work together and maintain a positive relationship. Ethereum Foundation further added: “The divorce was bitter, the narcissism of small differences will continue to raise its head within our two communities. But deep down, the ETC community will always be a part of us by both history and vision.” The dispute between both the communities is the most popular one in the cryptocurrency space as the tension has ensured its presence in the cryptoverse for almost two years now. The reason for the “divorce” of the communities is the DAO hack, which resulted in the separation of the Ethereum network. This led to the birth of the second biggest cryptocurrency, Ethereum and the sixteenth biggest cryptocurrency, Ethereum Classic. Moreover, until now, both the communities stayed away from each other, only to occasionally throw a fit. To add on to this, the Ethereum Classic community always referred to itself as the original Ethereum as it chose to stay on the original chain and believed that the split was against the values of the blockchain. This effort from both the communities to collaborate and work together for the betterment of the ecosystem has stirred up the whole community, with some for the truce and some against it. Donald McIntyre, a Twitterati said: “Unfortunately, every blockchain has its share of corporatist participants. This is a deal between a foundation and a cooperative, nothing more. Many of us in ETC reject your social attacks. Money is on your side, but time and sound principles are on ours.” Chiangmaichuck, another Twitterati said: “Vitalik is one of the nicest guys. It’s like his ex-wife cheated on him and yet he still pays child support because he loves the kids that aren’t his” Barry Silbert said on Twitter: “The Ethereum Foundation just donated $150,000 (in $ETC) to the Ethereum Classic Cooperative Thrilled to see bridges being built between the Ethereum and Ethereum Classic communities” The post Ethereum [ETH] says deep down, we’ll always love Ethereum Classic [ETC] despite the divorce appeared first on AMBCrypto.

12 days ago

Ethereum Classic (ETC) Bears Have Formally Surrendered

Ethereum Classic (ETC) bears have literally given up for the first time in more than two years. The early signs of surrender started to appear when the 10 Week EMA broke below the 21 Week EMA on the weekly chart for ETCUSDShorts. The surrender was formalized when the price broke below the trend line for the first time since September 2017. The effects of this surrender will be seen when the retail bears realize that their leaders have put down their arms. Currently, only the bears at the forefront realize that the war is over and they have lost. However, as they start to turn back and the army of bears see them coming, they are going to run for their lives. That is when we will see the effects of this surrender. Needless to say, a lot of bears are going to get trampled during the madness that is about to follow. Those who are quick to flee the battlefield might be able to save their lives. However, all of this is going to happen in a very short window and most may not even have the time to get out now. Those who were smart realized around September that shorting Ethereum Classic (ETC) is no longer worth the risk/reward. However, there were others who take pride in living dangerously. They pushed on to choke the price of Ethereum Classic (ETC). They pushed it below $10, but that was not enough. So, they kept pushing and the price fell to $8. Now, all of a sudden when they were done pushing, they realized that they had crossed beyond enemy lines. For Ethereum Classic (ETC) bulls this is going to be a historic win. When such a large number of shorts pile up especially under such dangerous levels and low volume, it only takes one big order to trigger a short squeeze. A short squeeze is liquidation of shorts. When you go long on an asset, you get liquidated if the price falls below your stop loss. Similarly, when you go short, you get liquidated when the price rise above your stop loss which unlike longs is higher than the current price. The net result of all this is that you end up buying ETC/USD at a higher price and the price gets pumped up in a very small time frame. We have seen this happen in the case of many cryptocurrencies but for Ethereum Classic (ETC), this would be the first time to see a massive short squeeze to liquidate most shorts. Not to get too excited, but this could easily pump the price above the previous all time high in a matter of days! This debate is even more significant when you consider that Ethereum Classic (ETC) is expected to become fully IOT (Internet of Things) Compatible by November 30. That would be a landmark achievement for the Ethereum Classic (ETC) community. Thus, it is very reasonable to expect that the ongoing month of November might be the single most important thirty days in the entire history of Ethereum Classic (ETC). googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Ethereum Classic (ETC) Bears Have Formally Surrendered appeared first on Crypto Daily™.

12 days ago

Ethereum’s MetaMask Wallet Shares the Mobile App Release at DevCon

CoinSpeaker Ethereum’s MetaMask Wallet Shares the Mobile App Release at DevCon First launched in 2016, Metamask has only been accessible through browser extensions on Chrome, Brave, and Firefox and was restricted to mobile users. This meant that it worked like a bridge between normal browsers and the Ethereum blockchain. The browser extension is mainly popular amongst Ethereum and ERC-20 users due to its simple user interface and its ease to handle decentralized applications (dApps) requests. For many years, MetaMask users have been asking for a mobile client of the wallet, as the vast majority of Ethereum users have started to rely on MetaMask as the main ETH and token wallet. During this major conference, hosted by Ethereum Foundation, the founder and CEO of ConsenSys, Joseph Lublin, finally announced the launch of the mobile user interface. He also wrote at his Twitter page: “The @metamask_io mobile app was just announced at #Devcon4! Everyone’s favorite #Ethereum browser extension is coming to your phone. The team is focusing on not being ‘just a wallet’, but a portal to the world of all things #blockchain.” Metamask Mobile, lays on the industry belief that mobile phones are more secure than desktop computers due to their architectural designs. Most cryptocurrency users already have a preference for mobile wallets and this will enable users to have full control of their funds. Although, users will have to take responsibility for their private keys (or passwords). Storing that on a cloud seems now pretty insecure. MetaMask communicates with the Ethereum ledger through a system called Infura. This means that it trusts other computers to keep it up to date with the Ethereum network. Full node systems are generally preferred to systems that involve trusting middlemen like Infura. The added feature that is bundled with Metamask mobile is the dApp support. With it, users can interact with different decentralized applications that they couldn’t do. The mobile client will be able to function as a dApp browser or a “Google Play Store for dApps.” Also on MetaMask mobile, users can run various dApps such as CryptoKitties by connecting the wallet to the dApp to seamlessly process information on the Ethereum mainnet. Some dApps you can also explore are Digital art, where auctions are held and users can buy and sell unique collectibles. Also, there is, built by gamers, Blockchain arcades where gamers can use Ether and tokens to enter video game tournaments. Metamask Joining The Big dApp Company Until now, there were only several dApp browsers available on the market, including some backed by large organizations. In July, leading cryptocurrency exchange Binance, bought the Trust Wallet, a secure and intuitive mobile wallet that supports Ethereum’s ether (ETH), GoChain (GO), Wanchain (WAN), Ethereum Classic (ETC), POA Network, (POA) VeChain (VET), and TRON (TRX). Coinbase also has its own cryptocurrency wallet and dApp browser, the Coinbase Wallet that is set to also support other popular cryptocurrencies like bitcoin, bitcoin cash, and litecoin. Earlier this year, Opera introduced a mobile browser for Android devices with a built-in cryptocurrency wallet. A version of the wallet has been added to its desktop browser. In July, Metamask announced its removal from the Chrome Web Store, the reasons for which were not explained. Several hours later, it was listed again. While MetaMask was delisted, an Ethereum-based prediction market protocol Augur, which recently got under fire for speculating on death benefits, warned users to not download the MetaMask extension that was actually present in Google Chrome’s store, as it was a fake application. Even though it got listed only few hours after, there never came an explanation for this event. Ethereum’s MetaMask Wallet Shares the Mobile App Release at DevCon

13 days ago

Ethereum Classic Price Analysis: ETC/USD Remains In Downtrend

Key Highlights Ethereum classic price extended losses and traded towards the $8.75 level against the US dollar. This week’s followed important bearish trend line is intact with resistance at $9.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair may recover a few points, but it is likely to face sellers near $9.20 and $9.25. Ethereum classic price declined further against the US Dollar and Bitcoin. ETC/USD remains in a downtrend as long as the price is below $9.30. Ethereum Classic Price Analysis There were additional losses noted below the $9.00 support in ETC price against the US dollar. The ETC/USD pair declined towards the $8.75 level and settled below the 100 hourly simple moving average. The price traded as low as $8.74 and later started an upside correction. It moved above the 23.6% Fib retracement level of the last slide from the $9.60 high to $8.74 low. However, the price struggled to move above the $9.00 resistance. The 100 hourly simple moving average is positioned near $9.15 to act as a resistance. Besides, the 50% Fib retracement level of the last slide from the $9.60 high to $8.74 low is also near $9.15. More importantly, this week’s followed important bearish trend line is intact with resistance at $9.25 on the hourly chart of the ETC/USD pair. Therefore, if the pair continues to move higher, it is likely to face sellers near $9.20 and $9.25. Only a close above the trend line and the $9.30 level could push the price back towards the $10.00 resistance. The chart suggests that ETC price is following a downtrend from the $10.00 swing high. If it fails to recover above the $9.30 level, there could be renewed selling pressure. The main supports on the downside are $8.75 and $8.60. Hourly MACD - The MACD for ETC/USD is about to move back in the bearish zone. Hourly RSI - The RSI for ETC/USD just moved below the 50 level. Major Support Level - $8.75 Major Resistance Level - $9.25 The post Ethereum Classic Price Analysis: ETC/USD Remains In Downtrend appeared first on NewsBTC.

13 days ago

Ethereum Foundation Donates $134k to Ethereum Classic Co-op Amid ‘Thawing Tensions’

The Ethereum Foundation, the quasi-official Ethereum organizational body, reaches out to Ethereum Classic community with 15k ETC donation to Eth Classic Co-op. Spokesperson cites thawing tensions, mutual development benefits to the move.

13 days ago

Hotbit to list Ethereum Classic (ETC), Ripple (XRP), and Litecoin (LTC)

CryptoNinjas While covering over 100 blockchain assets on their exchange, crypto exchange Hotbit will now list Ethereum Classic (ETC), Ripple (XRP), and Litecoin (LTC) starting Thursday, November 1st. ETC, XRP, and LTC will be officially setup... Hotbit to list Ethereum Classic (ETC), Ripple (XRP), and Litecoin (LTC)

13 days ago

Ethereum Offers Ethereum Classic A Helping Hand

 Listen Here - https://soundcloud.com/cryptodaily/the-ethereum-classic-conspiracy Ethereum Classic is the Bitcoin Cash of the Ethereum blockchain. Produced as a hard fork from the original Ethereum project in 2016, the aim of Ethereum Classic was to allow developers and Ethereum fanatics to take back control of the Ethereum blockchain, allowing it to remain close to its roots and exist as an Ethereum project, with tight connections to the original Ethereum’s morals and values. According to the Ethereum Classic Website: “Ethereum Classic (ETC) is a smarter blockchain, it is a network, a community, and a cryptocurrency that takes digital assets further. In addition to allowing people to send value to each other, ETC allows for complex contracts that operate autonomously and cannot be modified or censored.” Furthermore: “This may be best explained with an analogy, imagine Bitcoin as a landline phone—it does one thing very well. ETC is like a smartphone—it can do everything Bitcoin can and much more. If the Internet was simply a bunch of interconnected computers, and didn’t have any users or creators making websites, it would be largely useless. In much the same way a blockchain needs users and creators. ETC has both and we’re working on solving real world problems of interconnecting people and their devices.” In essence, Ethereum Classic is a product that has been designed to take Ethereum one step further, without losing sight of the original aims and goals of Ethereum. Because of the nature of the hard fork, some hostility does exist between fans of Ethereum and Ethereum Classic, with many from the Ethereum Classic camp arguing that actually, Ethereum is the newer currency and that Ethereum Classic is actually the original Ethereum cryptocurrency. It gets a little complicated, but as we know similar hostility exists between Bitcoin Cash and Bitcoin too - I guess crypto-fans just like to argue, don’t they? The Ethereum Donation So despite the hostility and despite both projects being distinctly different, according to a new announcement by Virgil Griffith of the Ethereum Foundation, Ethereum’s special projects branch have made a donation of 15,000 ETC to the Ethereum Classic Cooperative, that’s just shy of $150,000.00. The Ethereum Classic Cooperative have been set up to help direct and fund the Ethereum Classic project. Known as ECC, the cooperative focus on funding the development of the Ethereum Classic project, the marketing of the project and also offer funding to community members within the project, therefore the donation made by the Ethereum Foundation will go directly into the future development of Ethereum Classic. Who are ECC? According to the ECC website: “The ECC believes that the Ethereum Classic protocol can enhance the ways that information and value are shared in a digital economy, and is committed to doing its part to realize this potential. Featuring a flexible and intuitive smart contract programming platform that is powered by ETC, Ethereum Classic can propel the development of a global, secure, and decentralized Internet of Things. The ECC has established guidelines for the deployment of its capital across three core investment areas: (1) development; (2) marketing; and (3) community. The ECC will also introduce accountability standards that will be used to monitor the progress of its investment program.” A Spark in the ‘Ethereums’ Relationship As stated then, there has historically been hostility between Ethereum and Ethereum Classic, however in May 2018 this hostility was dampened a little when the Ethereum Foundation invited an official from Ethereum Classic to a conference, in order to sort of some of the differences between the two projects with the aim to create a plan for the future that see’s the two teams work together. According to the announcement by Griffith: “In May 2018 relations began to soften when the Ethereum Foundation invited Anthony Lusardi to speak at the EDCON conference on How ETC and ETH can work together. The Ethereum Classic Cooperative then likewise invited yours truly to speak at the ETC Summit on the same topic.” By making this donation, Ethereum are kick starting what looks to be a new and more positive relationship between the two projects, one that hopes to inspire Ethereum Classic to grow and, by the looks of it, make Ethereum look good in the process. If they didn’t want to gain some positive PR from this, then why would they make a donation of such a high value? According to Griffith: “To celebrate and foster these thawing tensions, we have decided to donate 15,000 ETC (~$150,000 USD as of this writing) to the Ethereum Classic Cooperative. This decision will undoubtedly be met by some with confusion — after all, this is funding that could go into the next wave of grants.” Why have they made this donation? Well, according to Griffith: “The Ethereum Foundation is committed to a diversity of quality, production-capable clients, and alongside n

14 days ago

Cryptocurrency Exchange Platform ‘Coincheck’ Resumes Account Opening and Trading of Few Virtual Currencies

Monex Group recently announced that cryptocurrency exchange platform, Coincheck, has resumed account opening and the trading of a few virtual currencies. Details of the Announcement In a bid to gradually resume services, a Japan-based online brokerage company, Monex, which acquired the hacked digital currency exchange, Coincheck, back in April, announced that it recommenced new account openings and restricted virtual currency trading. According to a pdf document, services would resume on Tuesday (October 30). Furthermore, starting from Tuesday, customers can deposit the following digital currencies Bitcoin (BTC), Ethereum (ETC), Litecoin (LTC), and Bitcoin Cash (BCH). Also, customers can purchase the following altcoins; Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). Bitcoin (BTC), however, was not affected by the Coincheck hack, as it has been available since Monex took over operations. The statement further said that customers residing in Japan could partake in the new account signups. A stricter know your customer (KYC) process is also mandatory for a new account, following the directive of the Japan FSA. The statement further reads: We will, from time to time, resume the following services that are currently suspended if the services are confirmed safe and become ready to be offered. Depositing and buying ETH, XEM, LSK, XRP, and FCT. Leveraged transactions for new positions The Coincheck Hack and Japanese FSA Regulations In January of 2018, Japanese cryptocurrency exchange platform, Coincheck, lost $523 million worth of NEM virtual coins to hackers. The hack was as a result of customers’ funds stored in an insecure hot wallet and a poor security system. Before the hack, the platform abruptly halted the deposit, withdrawal, buying and selling of NEM. In the wake of the hack, the Japanese regulatory body, the FSA, tightened its regulatory policies regarding cryptocurrency exchanges. The FSA slammed the exchange with a business improvement order. This move was to ensure security, protect investors’ funds, and prevent a recurrence. Furthermore, affected Coincheck investors sued the digital currency exchange for freezing asset withdrawals. They also sought a refund of 19. 5 million yen ($182,910). The company went ahead to compensate victims of the attack. In Q2 2018, one of Japan’s top online brokerage companies, Monex Group Inc., purchased Coincheck. Apart from Coincheck, popular South Korean virtual currency exchange, Bithumb, also resumed registration for new users, after its hack in Q2 2018. At the time, the announcement catapulted the exchange platform’s trading volume. Image courtesy of Shutterstock. The post Cryptocurrency Exchange Platform ‘Coincheck’ Resumes Account Opening and Trading of Few Virtual Currencies appeared first on Ethereum World News.

14 days ago

United by core principles, more than 100 ETC enthusiasts att...

United by core principles, more than 100 ETC enthusiasts attended the event, including @ETCDEV, @ETCCooperative,… https://t.co/0Yv80PRBhq

14 days ago

Ethereum [ETH] joins the bear’s realm, developments continue to stay above all

Ethereum, the second biggest cryptocurrency in the market, joined the bear’s realm as the coin dipped below its $200 mark, breaching its support level. The coin has been in the limelight due to its upcoming hardfork Constantinople and the patch up with Ethereum Classic. The coin is hailed to have fallen prey to ICO sell-off, since the beginning of this year, which led to the coin tumbling from its all-time high. Moreover, according to an EY report, most of the ICOs based on Ethereum, which raised funds in 2017 failed even after entering the market. Nonetheless, it still remains to be the start point of major coins such as Tron [TRX] and EOS. Irrespective of its price movements, Ethereum has been stepping up its development game. The coin is all set for its upcoming fork, Constantinople. The hark fork was launched on Ropsten Testnet, however, the launch was not as smooth as it was expected to be. There were several issues spotted as mentioned in the post-mortem report. During the Parity implementation on Ethereum, a bug was discovered on the consensus. Rettig, a core developer, stated that it was not spotted in the testers as there was a confusion on terms such as Transaction and execution frame. This is also said to be contributing factors for the appearance of the bug. Additionally, there was an issue related to the availability of miners on Parity, Geth or Aleth for Ropsten. The developer stated that there was a need for better understanding and control of mining Proof-of-work [PoW] Testnet. There was also a problem regarding the reach of Parity’s nodes in terms of automatically reorganizing themselves. Moreover, the Ethereum Foundation announced yesterday that they are building bridges with Ethereum Classic Cooperative after 2 years of separation. To add to the event, the Foundation donated over 15,00 ETC and have made plans to work with each other in the future. The announcement read: “The Ethereum Foundation and the ETC Cooperative are jointly funding Akomba Labs to build the ETH-ETC peacebridge to represent each chain’s transactions on the other. Fracticious yet semi-productive engagement between IOHK’s research team and Ethereum Research on proof of stake consensus algorithm” This also included IOHK’s Mantis’ support to ETH along with the research teams working on Proof-of-Stake consensus algorithm. In addition to this, Charles Hoskinson, the CEO of IOHK spoke about Vitalik Buterin and Ethereum in a recent interview. The co-founder chose Ethereum as the best smart contract platform, citing: “I’d say what Vitalik is doing with Ethereum is a perfectly legitimate approach. if you look at his philosophy with Casper and Plasma and moving from EVM to Web” The post Ethereum [ETH] joins the bear’s realm, developments continue to stay above all appeared first on AMBCrypto.

14 days ago

Ethereum Foundation Directs at 15,000 ETC Donation to Ethereum Classic Cooperative

Donations within the blockchain community are on the rise. Most recently, the Ethereum Foundation is donating 15,000 ETC, which is worth approximately $150,000, to the Ethereum Classic Cooperative, according to a blog post. The donation is a reflection of the thawing of relations between two organizations, a relationship that was once strained by tension. The Ethereum Foundation originally sold its ETC holdings “to avoid the appearance of impropriety” but recently discovered unsold ETC in an old wallet. The goodwill has done little to lift the ETH price, which is currently trading below $200 at $196.52 (GT)

14 days ago

Could BAT Be The Next Coinbase Listing?

A Coinbase listing is often held up as the crowning achievement for a project. This is partly because the exchange keeps its assets exclusive, but also because it is the most popular fiat-to-crypto platform. Listed tokens are automatically more accessible than they ever were previously. The recent surge in the Basic Attention Token price comes as rumors over a BAT Coinbase listing continue circulating. Is this something we should pay attention to? The BAT price has been creeping upwards for a while now. The token was trading at around $0.13 in mid-September and steadily started to climb towards the end of the month. Tokens hit $0.17 by the beginning of October but surged midway through the month. Within the space of a week, BAT went from $0.18 to $0.28. Per token that’s not that much, but it represented a $100bn boost for the coin’s market cap. Tokens have since corrected back to approximately $0.24. So what’s causing the surge? The project hasn’t announced any major developments. The only positive story, unrelated to Coinbase, is the new Brave Browser is reportedly the fastest yet. According to the project’s blog post, its load time is on average 22% faster than the older version. But is this enough to explain increasing investor enthusiasm? Maybe, maybe not. It just so happens to coincide with speculation over a potential BAT Coinbase listing. A new Coinbase listing policy The sector’s favorite past time used to be guessing which asset was next in line for a Coinbase listing. Crypto Briefing was not immune to this. Our own Andrew Macdonald went deep into which projects he thought were the likely candidates. He got one right when the decentralized exchange coin, 0x (ZRX), was listed earlier this month. But the times are a’changing. Coinbase updated its listing policy in late September. No longer will the exchange disregard pleas for more assets. The new mission is to list assets, and list them fast. In a blog post last month, Coinbase said it would “rapidly” list all of the assets that met legal requirements as well as its own standards. The exchange now asks projects to submit an application for their consideration, which they’ll then evaluate against their Digital Asset Framework. “With this shift in process, our customers can expect us to list most assets over time that meet our standards,” Coinbase said. Is BAT next in line? The Basic Attention Token works, as part of the blockchain-based Brave Browser, to address the systemic issues in digital advertising; something Crypto Briefing has touched on before. BAT is a utility token, expected to be used by advertisers to reimburse publishers for their ad-space, as well as to users for watching or clicking on adverts. So does BAT meet the mark? That depends on whether it fits in with Coinbase’s Digital Asset Framework. There are six categories, such as whether a proposed asset suits the exchange’s core mission and values as well as whether the technology is of a high enough standard. Whether there’s a working product as well as its overall utility and legaility, particularly in the US. BAT fulfills many of the requirements. It has so far avoided unwanted attention by American regulators. Although Brave hosted an ICO last year - for which it raised $36m - the project made sure to include disclaimers in its whitepaper that it did not promise any financial returns. This is crucial. Many projects have faced pressure by the SEC to buyback tokens sold during ICOs because they suggested the tokens would rise in value, making them an unlicensed security sale. The number of monthly active users on Brave has tripled, from 1m in December 2017, to 3m by the middle of July, this year. It has also expanded its advertising model to YouTube, offering content creators the opportunity to make some sort of return from marketing. This not only shows a working product but also that the Brave Ledger - what BAT works on - is scalable. That the Brave Browser is improving in speed shows it can continue to increase its effectiveness as it onboards new users. Is BAT decentralized enough? Not everything about BAT will match perfectly to Coinbase’s requirements; the exchange requires that listed assets are decentralized protocols. Industry figures have criticized the Brave team for placing themselves in a position of power. To date, they determine the proportion of BAT that goes towards publishers and users. That said, Coinbase is hardly in a position to pass judgment. It has long been a market maker. Team members within Ethereum Classic (ETC) have said they felt “vindicated” when they were listed on the exchange’s servers in early June. The project has since seen increased developer activity and users returning back to the fold. Coinbase may say its committed to the decentralized agenda, but it has no plans to relinquish its privileged position. Convenience at the heart of a BAT Coinbase listing The decision may not be made on high principle. Coinbase has long said it would sup

14 days ago

Infinito Wallet Launches Multi-Blockchain API for Developers, Powering Easy and Efficient DApp Development

Infinito Wallet, the leading universal wallet for major smart contract blockchains such as Ethereum (ETH), NEO, EOS, and Cardano, has released its Infinito Multi-Blockchain API as the first-step solution for service developers utilizing dApps and blockchain technology. To develop services using dApps and blockchains, it is essential to build nodes that support blockchain network as well as many software required to access and analyze blockchain data. Service development is also complex as development and setting for each blockchain infrastructure built on different design philosophies must be separate. Infinito Multi-Blockchain API will grant developers seamless access to various blockchains and provide great scalability along with robust security, establishing for them a multi-blockchain service development environment. This API is powering the leading universal wallet app that is rapidly growing worldwide, Infinito Wallet. Infinito Wallet - The Ultimate Mobile Cryptocurrency Wallet that Connects Worldwide Coins, Token Holders, and Token Issuers. Ever since its debut to the global market, Infinito Wallet has grown to become a top-tier universal wallet that leads the global expansion of cryptocurrencies and user communities. The wallet app is currently available on both iOS and Android with over 300,000 downloads. Infinito Wallet supports top coins and tokens including BTC, BCH, and Dash, along with smart contract platforms that support the evolution and expansion of blockchain technology utilization. It is the only mobile wallet service with such wide support for coins and tokens. In addition, the wallet has numerous alliances and implementation of smart contract blockchain platforms. Firstly at the end of 2017, Infinito Wallet was officially launched with support for Ethereum and its ERC20 tokens. Then, in the beginning of 2018, the wallet added China’s NEO cryptocurrency, market ranking number 15(*1), along with its token type NEP-5. The Universal Wallet was also the world’s first to support the supporting currency of NEO blockchain infrastructure, GAS. Recently, Infinito Wallet began supporting the first official edition of EOS (MainNet version), ranking fifth (*1) in terms of market capitalization. Later, the Universal Wallet enabled support for all EOS tokens in another industry first for a mobile solution for both EOS blockchain and its assets. This milestone garnered the Universal Wallet much attention from the industry. On 25 September 2018, Infinito Wallet became the first mobile wallet to integrate support for ADA currency of Cardano blockchain, market capitalization ranking number 9 (*1). This was made possible through official development collaboration with the development team behind Cardano blockchain, IOHK, and enabled safe and convenient management as well as access to ADA currency along with services built on Cardano blockchain. Additionally, Infinito Wallet is expanding its partnership with the blockchain community. The Universal Wallet has announced partnership with the blockchain project and cryptocurrency ONTology, ranking number 25th (*1). These efforts to spread crypto adoption of Infinito Wallet has been widely covered and appraised by industry experts as well as crypto information sites (Finder, Coinlist, AbitGreedy, Blockonomi, Coinpedia, etc.). The wallet is also widely lauded as the most versatile and safe cryptocurrency wallet in the world. With the aim to become the ultimate infrastructure to promote social implementation and utilization of blockchain worldwide, Infinito Wallet has plans to include support for more smart contract blockchains including ONTOLOGY, NEM, STELLAR, and other blockchains for popular cryptocurrencies on the market. Currently, Infinito Wallet supports, in alphabetical order, ADA, BCH, BTC, DASH, DOGECOIN, EOS, EOS Mainet Tokens, ERC 20 Tokens, ETC, ETH, GAS, LITECOIN, NEO, and NEP - 5 Tokens. (*1) See: Coinmarketcap at https://coinmarketcap.com/ as of 10 October 2018. Infinito Wallet Unveils New Technology Solutions for dApp Developers - Reducing Development Efforts and Costs While Promoting Service Expansion Infinito Wallet has greatly expanded its technical capabilities as well as partner network, solidifying its position in the industry as the most versatile and secure universal wallet for crypto communities. In the process of collaborating with global development communities, various hurdles and problems in blockchain service development has been brought to light. For instance, each blockchain platform employs various different technologies, which must be worked on separately for implementation into services. This vastly increases time and manpower required for service development, which, coupled with the complexity in service development and provision itself acts as a massive hurdle for the dissemination and adoption of blockchain-based technology and services. With this in mind, Infinito began to solve the

14 days ago

Ethereum Flippening: Can ETC Take Over ETH?

Ethereum Classic (ETC) broke years of downtrend against Ethereum (ETH) during the recent correction. While both cryptocurrencies declined heavily from their all time highs. Ethereum (ETH) showed a lot more weakness compared to Ethereum Classic (ETC) which resulted in Ethereum Classic (ETC) gaining against Ethereum (ETH). In fact, Ethereum Classic (ETC) entered a clear uptrend against its rival, Ethereum (ETH) during the month of May. This uptrend has held so far but recently ETC/ETH has lost its bullish charm. The price of Ethereum Classic (ETC) broke the 10 Week EMA against Ethereum (ETH) and is now on the risk of further decline. However, it is important to note that ETC/ETH has already formed a double bottom. Any downside is going to be short lived unless critical market structures are broken. The first critical level that ETC/ETH needs to defend in order for the uptrend to hold is the 21 Week EMA. If ETC/ETH breaks this critical level, all Flippening bets are off and Ethereum Classic (ETC) investors might have to face serious disappointment. Wave trend analysis for ETC/ETH readily supports a break below the 21 Week EMA. If it was all down to charts, then betting on Ethereum Classic (ETC) taking over Ethereum (ETH) might appear to be a silly bet. Ethereum Classic (ETC) has had an impressive rally against Ethereum (ETH) and appears to have topped out now. If there were no other variables to take into account, then the reasonable thing to do would be to expect Ethereum (ETH) gaining against Ethereum Classic (ETC). Chart for ETH/USD (1W) However, as it happens, there are other more important reasons besides the charts that are not as simple. First of all, Ethereum (ETH) is switching over to PoS (Proof of Stake). This means that most Ethereum (ETH) miners will readily switch over to Ethereum Classic (ETC) after this transition. This is already a positive for Ethereum Classic (ETC) whether Ethereum (ETH)’s PoS (Proof of Stake) arrangement works out or not. If Ethereum (ETH)’s PoS arrangement does not work out, more investors will opt for Ethereum Classic (ETC) instead of Ethereum (ETH). In addition to that, Ethereum Classic (ETC) has a limited supply whereas Ethereum (ETH) does not have a known supply. Therefore, it is likely that institutional investors may choose Ethereum Classic (ETC) over Ethereum (ETH) especially if something goes wrong with Ethereum (ETH). When something is built on weak foundations, it can be expected to fall at any moment. In addition to Ethereum (ETH)’s own problems, it has also made a lot of enemies. Competitors like Tron, Eos and Qtum are not the only interest groups that would like to see Ethereum (ETH) fall. Most Bitcoin (BTC) maximalists who believe that majority of the altcoins are scams have been very anti Ethereum (ETH) recently. Most of these reasons have to do with Ethereum Classic (ETC) benefiting off Ethereum (ETH)’s misery, but there is a lot more to it than just that. Recently, Ethereum Classic (ETC) held a successful ETC Summit in which ETC Dev Members gave a very comprehensive presentation as to Ethereum Classic (ETC)’s roadmap towards IOT (Internet of Things). Chart for ETC/USD (1W) Ethereum (ETH) failed to give anything unique to the market apart from the enormous number of ICOs held on it. Ethereum Classic (ETC) on the other hand has been wise to avoid that path and has come up with its own USP (unique selling point), which is IOT (Internet of Things). Now, ETC Dev members didn’t just up and say, “Oh we don’t have a value proposition, let’s go after IOT”. In fact, the Ethereum Classic (ETC) blockchain is perfectly built for IOT. It has the two basic requirements of any IOT compatible blockchain and those are: decentralization and immutability. Ethereum (ETH) has neither of the two. Blockchain is a big deal, for now but it is not going to be a hot topic for long. Soon or later, people are going to realize that they don’t care if it is Ethereum Classic (ETC) or Ethereum (ETH). All they care about is application and real life use cases. When that happens, people are not going to care about the number of ICOs built on a blockchain. By the way, let’s address that. What does it mean to build an ICO on a blockchain? So, you just used Ethereum (ETH) to raise money and you call it an ICO ‘built’ on Ethereum (ETH)? That’s ridiculous. Ethereum Classic (ETC) being aware of this decided to focus on the things that matter long term. A few years from now when the gold rush is over, people are going to be more interested in what a blockchain actually does! That is when we will see Ethereum Classic (ETC) leading from the front while projects that were only focused on raising money will fade away as their founders go home with all the money they have made. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Ethereum Flippening: Can ETC Take Over ETH? appeared first on Crypto Daily™.

14 days ago

Compromised Crypto Exchange Coincheck Reopens New Account Signups & Limited Trading

Previously hacked crypto exchange, Coincheck,has reopened new account signups, and users will also be allowed to engage in limited trading starting from Tuesday (October 30th). The announcement further noted that users may purchase and deposit a select few cryptocurrencies on Coincheck. These include bitcoin (BTC), bitcoin cash (BCH), ethereum classic (ETC), and litecoin (LTC).

15 days ago

Ethereum Foundation donates $150,000 to Ethereum Classic - the duo patch up!

On October 30, Ethereum announced a donation of 15,000 ETC to Ethereum Classic Cooperative on Ethereum Special Projects official Medium blog. This announcement has resulted in the community claiming that the two are back after two years of break-up. Ethereum Classic is a smart contract platform which refers to itself as the original Ethereum as it still runs of the old chain. The roots of the separation go way back to the DAO hack, which resulted in the hard fork and separation of Ethereum and Ethereum Classic. Decentralized Autonomous Organization [DAO], a smart contract which was based on Ethereum, was hacked and this could have led to the loss of over $50 million. The hacker had taken advantage of the smart contract’s split functionality. However, due to the binding contract, the hacker had to wait for 28 days to withdraw the Ether. In pursuit of avoiding a successful hack from taking place, the only solution which remained was a hard fork after the consideration of soft fork. This eventually led to a voting system, Carbon Voting wherein the community members decided whether to split the network or not. A majority of the members voted in favor of a fork, which took place on block 1.9M on July 20, 2016. Nonetheless, the members who believed that this was against the hard fork remained on the old chain, naming it Ethereum Classic [ETC]. For almost two years the Ethereum classic showed their disdain towards the hard fork as they considered the move to be against the essential value of the blockchain. Since then, the two communities have maintained their distance in the cryptocurrency community and also the Ethereum Foundation sold their ETC tokens in the market. However, the Foundation now claims that their relationship has been better since May 2018, after the Foundation welcomed Anthony Lusardi, Director of ETC Cooperative, to speak about ‘How ETH and ETC can work together’ at the EDCON. This was followed by Ethereum Classic inviting Virgil Griffith to speak on the same at ETC summit. The blog post read: “The Ethereum Foundation and the ETC Cooperative are jointly funding Akomba Labs to build the ETH-ETC peacebridge to represent each chain’s transactions on the other. Fracticious yet semi-productive engagement between IOHK’s research team and Ethereum Research on proof of stake consensus algorithm” In addition to this, IOHK’s Mantis will be supporting Ethereum [ETH]. The blog further added that they found over 15,000 ETC in their cold wallet during a “financial sweep”. To celebrate this event, the Foundation donated the ETC to ETC Cooperative. Barry Silbert, Founder of Digital Currency Group, said on Twitter: “The Ethereum Foundation just donated $150,000 (in $ETC) to the Ethereum Classic Cooperative. Thrilled to see bridges being built between the Ethereum and Ethereum Classic communities” The post Ethereum Foundation donates $150,000 to Ethereum Classic - the duo patch up! appeared first on AMBCrypto.

15 days ago

Ethereum Foundation donates $150,000 to Ethereum Classic - the duo patches up!

On October 30, Ethereum announced a donation of 15,000 ETC to Ethereum Classic Cooperative on Ethereum Special Projects official Medium blog. This announcement has resulted in the community claiming that the two are back after two years of break-up. Ethereum Classic is a smart contract platform which refers to itself as the original Ethereum as it still runs of the old chain. The roots of the separation goes way back to the DAO hack, which resulted in the hard fork and separation of Ethereum and Ethereum Classic. Decentralized Autonomous Organization [DAO], a smart contract which was based on Ethereum, was hacked and this could have led to the loss of over $50 million. The hacker had taken advantage of the smart contract’s split functionality. However, due to the binding contract, the hacker had to wait for 28 days to withdraw the Ether. In pursuit of avoiding a successful hack from taking place, the only solution which remained was a hard fork after the consideration of soft fork. This eventually led to a voting system, Carbon Voting wherein the community members decided whether to split the network or not. A majority of the members voted in favor of a fork, which took place on block 1.9M on July 20, 2016. Nonetheless, the members who believed that this was against the hard fork remained on the old chain, naming it Ethereum Classic [ETC]. For almost two years the Ethereum classic showed their disdain towards the hard fork as they considered the move to be against the essential value of the blockchain. Since then, the two communities have maintained their distance in the cryptocurrency community and also the Ethereum Foundation sold their ETC tokens in the market. However, the Foundation now claims that their relationship has been better since May 2018, after the Foundation welcomed Anthony Lusardi, Director of ETC Cooperative, to speak about ‘How ETH and ETC can work together’ at the EDCON. This was followed by Ethereum Classic inviting Virgil Griffith to speak on the same at ETC summit. The blog post read: “The Ethereum Foundation and the ETC Cooperative are jointly funding Akomba Labs to build the ETH-ETC peacebridge to represent each chain’s transactions on the other. Fracticious yet semi-productive engagement between IOHK’s research team and Ethereum Research on proof of stake consensus algorithm” In addition to this, IOHK’s Mantis will be supporting Ethereum [ETH]. The blog further added that they found over 15,000 ETC in their cold wallet during a “financial sweep”. To celebrate this event, the Foundation donated the ETC to ETC Cooperative. Barry Silbert, Founder of Digital Currency Group, said on Twitter: “The Ethereum Foundation just donated $150,000 (in $ETC) to the Ethereum Classic Cooperative. Thrilled to see bridges being built between the Ethereum and Ethereum Classic communities” The post Ethereum Foundation donates $150,000 to Ethereum Classic - the duo patches up! appeared first on AMBCrypto.

15 days ago


News courtesy of berminal.com
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