Ethereum Classic ETC

$4.87
Market Cap $ 531.839 MM (#19)
24h Volume $ 347.474 MM
Chg. 24h: 2.00%
Algo. score 2.9/5  (#622)
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Ethereum Classic News

New Episode Let's Talk ETC! #71 - Anthony Lusardi (@pyskell)...

New Episode Let's Talk ETC! #71 - Anthony Lusardi (@pyskell) - Latest in ETCLand • New ETC Co-op Director… https://t.co/oGYV4RL9HG

3 hours ago

Ontology (ONT) Surges 25%, Overtakes ETC and NEO In Market Cap

Ontology price rallied recently by more than 25% and broke the $1.40 resistance against the US Dollar. ONT surpassed the market cap of ETC and NEO to climb at 17th position in the market cap. There is a major bullish trend line in place with support at $1.200 on the 4-hours chart of the ONT/USD pair (data feed from Binance). The price traded as high as $1.4417 recently and it may correct lower in the near term. Ontology (ONT) rallied recently above $1.30 and $1.40 against the US dollar. ONT surpassed the market cap of ETC and NEO to climb to 17th spot, with a strong bullish momentum. Ontology (ONT) Price Analysis Yet another solid week for ontology (ONT) as its price rallied above the $1.20 barrier against the US dollar. Recently, there were positive moves in bitcoin, Ethereum, ripple, litecoin and EOS, helping ONT in gaining traction. After struggling near the $1.08 resistance for some time, buyers finally gained momentum. The price surged above the $1.10 and $1.20 resistance levels to start a solid uptrend. It rallied above the $1.40 resistance and traded to a new yearly high at $1.4417. At the moment, the price is retreating from the $1.4417 high and it may correct lower in the near term. An initial support is $1.365 and the 23.6% Fib retracement level of the last wave from the $1.105 low to $1.441 high. If there is a downside extension, the price may test the $1.275 support. It represents the 50% Fib retracement level of the last wave from the $1.105 low to $1.441 high. Besides, there is a major bullish trend line in place with support at $1.200 on the 4-hours chart of the ONT/USD pair. The trend line support is near the 61.8% Fib retracement level of the last wave from the $1.105 low to $1.441 high. Moreover, the price is well supported above the $1.20 pivot level and the 55 simple moving average (4-hours). Therefore, if there is a downside correction, the price is likely to find a lot of buyers near the $1.27 and $1.20 level. On the upside, an initial resistance is near $1.441, above which the price could trade towards $1.50. Looking at the chart, ONT price is clearly surging higher, with a strong bullish angle above $1.30. Dips remain supported and there are high chances of more gains above $1.45 and $1.50. Technical indicators 4 hours MACD - The MACD for ONT/USD is currently placed heavily into the bullish zone, with a positive bias. 4 hours RSI (Relative Strength Index) - The RSI climbed higher sharply and it is currently above the 70 level. Major Support Levels - $1.3500 and $1.2750. Major Resistance Levels - $1.4400 and $1.5000. The post Ontology (ONT) Surges 25%, Overtakes ETC and NEO In Market Cap appeared first on Live Bitcoin News.

16 hours ago

"We think that we have the same vision as #EthereumClassic. ...

"We think that we have the same vision as #EthereumClassic. ETC has a great reputation and a strong community. We t… https://t.co/UUd8o7VpYr

a day ago

TRON - Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs

TRON (TRX) keeps on rolling with the newest adoption across various trading platforms. Announced on March 19, ADAX, Dubai based digital asset exchange-listed TRX against three trading pairs - namely, USDT, BTC, and ETH. Powered by Arabtizor Holding Inc., as an online portal, ADAX or Arab Digital Asset Exchange is an online crypto exchange in the Arab world. The exchange supports minimum cryptocurrencies on its platform - Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), NEO (NEO), XRP, Qtum (QTUM) and Ethereum Classic (ETC). Per the recent announcement, ADAX users can now access to 10th largest cryptocurrency, TRX with pairs of USDT, BTC, and ETH. We are delighted to announce $TRX @Tronfoundation @TRON_AR as one of the leading digital assets listed over ADAX Bitcoin Exchange against 3 pairs: TRX/USDT, TRX/BTC and TRX/ETH pic.twitter.com/Sz4g73s1n9 — ADAX (@ADAXarabia) March 19, 2019 Justin Sun’s TRX is on the booming era of adoption - as such, Coingape recently reported ABCC exchange was the latest to add TRX on its platform. Following ABCC partnership with Tron foundation, TRX is now available of ABCC exchange as a base trading currency. Thank you @CoinGapeMedia for covering the latest developments in the ABCC and @Tronfoundation partnership! #TRX has been added as a base trading currency, with more TRON projects expected to come onboard ABCC! Read the article for morehttps://t.co/YfR4BnMyZb — ABCC Exchange (@ABCC_Exchange) March 19, 2019 With the continuous listing announcement by platforms like ABCC, ADAX and NovaDAX South American exchange, TRX at the moment sits at the 10th spot, gaining 0.26 percent over the past 24 hours. As such the value of one TRX crypto counts $0.02 and the average market cap valued $1,534,562,066. Image source - coinmarketcap.com So readers, what do you think of TRX being listed on ADAX exchange? share your thoughts with us. The post TRON - Dubai Based Digital Assets Exchange Added TRX Support in Three Trading Pairs appeared first on Coingape.

2 days ago

Ethereum Classic (ETC) Runs Into Trend Line Resistance, Sharp Decline Expected

Ethereum Classic (ETC) is once again on the verge of a sharp decline as the price has run into a major trend line resistance and already faced a strong rejection. This means that ETC/USD can be expected to decline to the 50 day moving average in the days ahead. The Stochastic RSI favors a move to the downside as well. We have seen ETC/USD perform better compared to most altcoins during the past few weeks. The price has still not tested the 38.2% Fib extension level for the second time but it is likely to decline without doing that. For now, the price is expected to continue to trade within the symmetrical triangle that it has been trading in since December, 2018. The probability of a strong move to the upside remains low as the price has topped out on both the daily and weekly time frames. From a fundamental analysis standpoint, Ethereum Classic (ETC) has seen a lot of improvement and is certainly a better investment now given its risk/reward compared to the last time it was trading around the same time. Since then, Ethereum Classic (ETC) has seen a lot of developments some of which will have long lasting effects on the future of this blockchain. At the top of the list of those developments is the shutting down of ETCDev, the primary development team that can be credited with making Ethereum Classic (ETC) what it is today. If it weren’t for ETCDev, we would have seen the project fall apart after the Ethereum (ETH) hard fork. So, the fact that ETCDev will not be onboard during future developments will leave a strong impact on the blockchain for better or worse. So far, the change seems to be for the best as the new regime under ETC Labs seems more focused on getting things done. The long term prospects of Ethereum Classic (ETC) also seem to have improved with ETC Labs pushing hard for Dapp development on the ETC blockchain. However, there are still some threats looming over that need to be taken into account. Talking about the fundamentals first, we do not know yet whether ETC Labs will be able to handle the technical side of things as well as ETC Dev. Let’s face it we never saw a 51% attack happen the entire time ETC Dev was operational. Soon after they leave, we see a 51% attack that severely damaged the reputation of the Ethereum Classic blockchain. From an investment standpoint, Ethereum Classic (ETC) is at a very favorable point as the price is down almost 90% from its all-time high. Certainly, it cannot fall 100% but will have to fall a few more percentage points if it does fall further. So, this is a good time as any to be buying Ethereum Classic (ETC). The weekly chart for ETCUSDShorts shows that the number of margined shorts has decline significantly and can be expected to rise in the weeks ahead. This means that even though the price of Ethereum Classic (ETC) is already down 90% from its ATH, it is still likely to drop further but again, this is the time to be buying not selling.

2 days ago

Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

Coinspeaker Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data FeedIntercontinental Exchange (ICE), the parent company of Bakkt and NYSE, announced adding a host of digital currencies to its cryptocurrency data feed. ICE created the “Cryptocurrency Data Feed” in partnership with Blockstream to provide real-time and historical data of digital currency prices from all across the globe. Last week, ICE Data Services tweeted the complete list of the newly included cryptocurrencies.Full list of cryptocurrencies included in our Cryptocurrency Data Feed(this is going to take a few tweets):• Aelf• Ardor• Augur• Cardano• Basic Attention• Bitcoin• Bitcoin Cash ABC• Bitcoin Cash SV• Bitcoin Gold• BitShares• Bytom• CyberMiles— ICE Data Services (@ICEDataServices) March 14, 2019As per the list provided, ICE’s Data Services will track and research a total of 58 cryptocurrency projects along with 19 fiat currencies.List Includes Majority of the Top Twenty CryptocurrenciesIn all, there are a total of 2000 cryptocurrency projects in the market. Out of these ICE has selected less than 3% cryptocurrencies for research and tracking. The complete list of 58 tokens is available on the official website of ICE.The list includes 17 of the top-twenty most-valued digital currencies as per their market cap. This includes Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), Bitcoin Cash (BCH), EOS, Tron (TRX), IOTA (MIOTA). Ontology (ONT), Dash (DASH), Ethereum Classic (ETC), Cardano (ADA), Monero (XMR), NEM (NEM), Bitcoin SV (BSV).In addition to this, ICE has selected another 41 crypto projects which it considers valuable. The 41 projects include a mix of medium-cap coins and some less popular small-cap coins.Also, ICE’s list includes some of the most popular stablecoins. Four of these include Tether (USDT), Gemini Dollar (GUSD), USD Coin (USDC), and TUSD. Furthermore, all of these stablecoins are the most widely used in the crypto market with their value tied to the U.S. Dollar.ICE’s list also includes a few exchange-related tokens like the Huobi Token (HT). However, it doesn’t include the recently launched and ultra-popular cryptocurrency Binance Coin (BNC).ICE’s Launch of BakktThe inclusion of new 58 digital assets to ICE’s Crypto Data Feed services will certainly encourage institutional players to participate in the crypto market. With financial giants like ICE showing its interest in crypto assets, institutional players have a bigger incentive here.Not to forget, ICE is also planning for the launch of Bakkt digital assets, a crypto trading platform for institutional investors. Bakkt is assumed to be the catalyst to drive the next bull run of the crypto market. To ensure institutional participation, Bakkt also plans to launch Bitcoin Futures contracts ahead this year.Furthermore, Bakkt has also partnered with giants like Microsoft and Starbucks to support crypto adoption. The latter received a significant portion of equity in Bakkt in return for allowing customers to pay with digital assets. This comes as kind of surprise, as just recently Starbucks claimed that you won’t be able to buy Frappuccino using Bitcoin.Bakkt’s Parent Intercontinental Exchange Lists 58 New Crypto Tokens to Its Data Feed

2 days ago

"Anyways, keep on keeping on ETC community, preserve PoW, pe...

"Anyways, keep on keeping on ETC community, preserve PoW, permissionlessness, immutability, and censorship resistan… https://t.co/XPlItnlecV

3 days ago

NYSE parent company, ICE Data Services, includes ETC in live...

NYSE parent company, ICE Data Services, includes ETC in live data-feed. https://t.co/mcfmw5KRhI

3 days ago

“How does anything get done if there are no leaders? Why has...

“How does anything get done if there are no leaders? Why hasn’t ETC died by being abandoned by the Ethereum Foundat… https://t.co/PmoMWm8Bb2

7 days ago

Yaz Khoury (@Yazanator) of the ETC Co-op, breaks down motiva...

Yaz Khoury (@Yazanator) of the ETC Co-op, breaks down motivations behind ETC and BigQuery and shows how to analyze… https://t.co/nBXkTTlVva

7 days ago

Why ETC? - We personally believe in ETC's core principles, o...

Why ETC? - We personally believe in ETC's core principles, one of them being immutability. ETC Labs Presents: Cr… https://t.co/XIJWPGofCj

9 days ago

@DTimkin Some mapping being done on the backend with upgrade...

@DTimkin Some mapping being done on the backend with upgrades and data integration across multiple exchanges etc -… https://t.co/c0EcQSjCkE

9 days ago

@MattPsy Some mapping being done on the backend with upgrade...

@MattPsy Some mapping being done on the backend with upgrades and data integration across multiple exchanges etc -… https://t.co/xzphramET9

10 days ago

Frightening to think the power big tech companies (Google, F...

Frightening to think the power big tech companies (Google, Facebook, Amazon etc) have over our us. 🙄 So important t… https://t.co/sJVdOh7E1k

11 days ago

China’s Wenzhou Residents Bolster the Idea of a ‘Blockchain Village’

According to regional reports from China, a village located within the Wenzhou, Zhejiang region called Yuedong has been gathering attention due to its receptiveness toward cryptocurrencies and blockchain technology. In consonance with social media posts on Weibo, roughly 60 percent of the residents in Yuedong know about cryptocurrencies and many of the villagers have invested as well. Also Read:Chinese Real-Estate Merchants Are Tapping Into the Cryptocurrency Market Wenzhou’s ‘Blockchain Industrial Village’ The mountain village of Yuedong is now known for its friendliness toward digital currencies. On March 7, people shared pictures of the hamlet, which local residents have dubbed the “blockchain industrial village,” on Weibo. Local columnist lylian Teng also confirmed the story and spoke with a villager, surnamed Lin, residing there. Lin explained that Yuedong has recently become very popular and receives a lot of crypto visitors. The report added that a majority of the Yuedong villagers embrace cryptocurrencies because an individual named Yang Linke was born in the village. Linke was the cofounder of China’s first bitcoin exchange Btcchina and Yuedong residents hold him in high regard. Wenzhou China, the prefecture-level city in southeastern Zhejiang province. Another interesting fact about the village is that a river runs through it whose guardrails have cryptocurrency logos etched into the stone. Because Yang Linke is an early cryptocurrency adopter, he’s managed to convince many young people in his hometown that cryptocurrency solutions are the future. Yuedong villager Lin estimates that 60-70 percent of the residents in Yuedong know about blockchain technology or are invested in digital assets. Roughly 10 percent of residents living in the Wenzhou region have devoted time to bolstering blockchain technology, Teng’s report noted. Speaking about his hometown and sharing pictures of the guardrails with cryptocurrency symbols etched in stone, Yang Linke wrote to his followers on Weibo: Things that can be seen in Silicon Valley, but they appear in our remote mountain village. We Wenzhou people dare to be the first in the world. The 1,000-metre long stone guardrail has around 10 different cryptocurrencies carved into the rock. The ‘Wenzhou Gang’ Sets Their Sights on Crypto Villager Lin explained that the guardrails have around 10 different cryptocurrencies carved into the stone which includes coins like BTC, ETH, ETC, BNB, and ONT. The 1,000-metre long stone embankment carvings were funded entirely by crypto donations and villagers in the city are also in the midst of building a “blockchain theme park.” Residents of the Wenzhou region are well known for business and money-making skills and there’s also an Eos block producer in the village called “Eos-Wenzhou.” Many of the cryptocurrency investors who reside in the prefecture-level city in southeastern Zhejiang province have been called the “Wenzhou Gang.” Yuedong’s river guardrail located in the center of the mountain village in Wenzhou, Zhejiang of eastern China. News.Bitcoin.com reported on the Wenzhou Gang back in December of 2017 because at the time many of the Wenzhou investors were aggressively investing in cryptocurrencies and real estate across China. Back in 2008, a Wenzhounese merchant surnamed Chen started a real estate group with 20 friends and they all purchased properties as a team. Yuedong is the hometown of Btcc exchange cofounder Yang Linke. However, when the cryptocurrency bull run of 2017 happened, the Chinese government made real estate property policies extremely strict, so Chen and crew decided to sell all the real estate and profits for cryptocurrencies. According to the Yuedong villager surnamed Lin, officials from local Wenzhou government think highly of the “blockchain industrial village” initiative. What do you think about the village of Yuedong and Wenzhou investors making the mountainous region a blockchain hub? Let us know in the comments section below. Image credits: Yang Linke, Shutterstock, Weibo, and 8btc. Need to calculate your bitcoin holdings? Check our tools section. The post China’s Wenzhou Residents Bolster the Idea of a ‘Blockchain Village’ appeared first on Bitcoin News.

12 days ago

Catch up on the week's ETC news ...

Catch up on the week's ETC news https://t.co/RU09WVSqHf 🗞️ Your up-to-date source for all things #ethereum classi… https://t.co/XjrLab2HZG

13 days ago

ETC must remain vigilant and always defend itself from permi...

ETC must remain vigilant and always defend itself from permission-less fallacies. Secure, proof-of-work, public blo… https://t.co/9HaTuqWCit

13 days ago

#BitAngels event tonight, March 8 at ETC Labs HQ! Show up fo...

#BitAngels event tonight, March 8 at ETC Labs HQ! Show up for an engaging evening with talks from some exciting coh… https://t.co/Cfko8jdt7E

13 days ago

Blockchain Minus Women Equals Fail: Celebrating A Diversity Of Ideas

Distributed ledger technology sits at the intersection of two stereotypes. Tech is a playground for nerdy college boys. And finance is a game for old men. Web meets Wall Street. And although blockchain is an innovation lauded for its potential - to bank the unbanked, democratize finance, eliminate the overreach of Big Data - the people who are creating this new utopian vision are, predominantly, men. Over the past year, the audience of Crypto Briefing has changed. Our readership in February of 2018 was 6.01% female. Now females account for 11.36% of our readers. Other analyses of the participation of women in blockchain have offered similar findings. While that represents a significant increase, the striking dichotomy between our industry’s self-professed desire for social impact, and the overwhelming imbalance in the gender makeup of the sector, surely raises a question: If nerdy college boys and old guys got us into this mess, are men really going to get us out of it? What’s The Issue With Women In Blockchain Anyway? I finally made the decision to write on International Women’s Day at the last minute. After all, I’m a man. What business do I have commenting on the issue? Is there even a problem? Numerous women have told me that the problem of sexism in the industry is over-hyped. Leigh Cuen recently celebrated a year as a journalist at CoinDesk, and she represents a view echoed by several other interviewees: “Since I’ve joined the space I’ve been pleasantly surprised at how inclusive it is compared to other sectors. In my reporting, I’ve had a much easier time finding women CEOs and community leaders than other business beats. Broader inequalities related to education, funding, and resources still apply in this space the way they apply in all tech sectors. However, I think that when it comes to crypto, people are aware of this problem and striving to rectify it.” While comments like Cuen’s are reassuring, they are perhaps reflective of the social contract between professionals within the industry. To the outside world, crypto is after-parties at strip clubs, and Laurie Penny’s exceptional, claustrophobic piece in Breaker about being stuck on a cruise with a crowd of Bitcoin bros. Greedy, sexist, porcine. Like many men in this industry, that disgusts me. But although I consider myself an advocate for inclusion, I also happen to be a middle-aged white male. How could I possibly understand what Penny had to endure? One quick search engine query made me realize - I don’t have to. ‘Women in blockchain statistics’ seemed a good kickoff point for my research, and it didn’t disappoint. Of the top ten results on Google, seven articles were written by women. An eighth was a list of resources, and the other two were written by men. One of those two - a well-meaning but oh-dear-god-no piece by Patrick Thompson for Cointelegraph - contained a reference to a gender study that prompted him to declare that “careers in banking and finance sometimes involve making risky decisions in situations that can induce stress,” and that “This could be a reason why there are fewer women than men involved in Blockchain and cryptocurrency.” That’s it, stress. That’s why women are underrepresented in the blockchain industry. The tenth, I am glad to say, was written for Dash News by Joël Valenzuela and was worth reading. These search results are why I’m writing this today. I don’t have to understand on a deep, experiential level why women are underrepresented in blockchain (and I can’t). I just have to talk about it, and show that men can - and must - be part of the discussion. At the risk of expressing the potential for androcentric bias that caused me to fear writing this article, men must be willing to talk about our roles in nurturing diversity. Even if the conclusions are vague. One website I visited, Women In Blockchain, contained a quote from Ruthe Farmer, the ex-White House Senior Policy Advisor for Tech Inclusion. “We don’t ask people who are hungry to solve hunger, so why are we asking underrepresented groups to solve their own problems?” Kristin Boggiano is the Chief Legal Officer of AlphaPoint, and Founder and CEO of WIND (Women In Derivatives), a global non-profit whose mission is to educate and develop female leaders. “I live-streamed Consensus last year, and panel after panel had little or no female representation,” she says. “The industry seemed factionalized into one gender group, and I found it hard to identify with that.” But like every other female who replied to my requests for interviews or commentary, she didn’t express anger or frustration - she simply decided to set about changing it. “Leadership is a self-fulfilling prophecy,” she explained. “If you set yourself up as a leader, people come to you to lead them.” Boggiano suggests that there are two reasons entities do not have equivalent numbers of men and women: “They are not funded/hired at equal rates and they are not promoted at equal rates. That is jus

13 days ago

New ETC & ETH-based network node hardware coming from @E...

New ETC & ETH-based network node hardware coming from @Ethernode_io! https://t.co/FOgh6UHKwI

14 days ago

Ethereum (ETH) Close to Being Tokenized on the Ethereum Classic (ETC) Blockchain

The Ethereum Classic (ETC) core development team at ETC Labs has announced that Ether (ETH) is close to being integrated on the ETC blockchain courtesy of the peaceBridge initiative. Accoding to the announcement, “peaceBridge is an ETC  -  ETH bridge that uses co-signed chains of custody to verify transactions across the two chains.” The architecture utilizes a set of smart contracts deployed on the two chains with signature verification to enforce consistencey. This enables ETC to mint tokens on the ETH chain and vice versa. (JF)

14 days ago

"This could be a net positive for ETC because KryKoder's act...

"This could be a net positive for ETC because KryKoder's actions may have led to a more advanced and decentralized… https://t.co/YMs1VI50UN

15 days ago

Ether (ETH) in final stages to be tokenized on Ethereum Classic blockchain

CryptoNinjas ETC Labs, an Ethereum Classic core development team, today announced that Ether (ETH) is getting closer for integration on the Ethereum Classic (ETC) blockchain since the chains split at block 1920000. The integration is courtesy of the peaceBridge initiative, a continuation of the... Ether (ETH) in final stages to be tokenized on Ethereum Classic blockchain

15 days ago

ETC users can use #peaceBridge to benefit from ETH’s network...

ETC users can use #peaceBridge to benefit from ETH’s network resources and ETH users can benefit from… https://t.co/FiMVxSXxAY

15 days ago

Why Proof-of-Work is Better Than Proof-of-Stake: Ethereum Classic Labs Tech Coordinator

Stevan Lohja, the technology coordinator at Ethereum Classic Labs, a San Francisco-based Ethereum Classic (ETC)-related blockchain incubator, has argued that proof-of-stake (PoS) consensus algorithms are a “red herring for incorporated through blockchain.” In his interview with CryptoGlobe, Lohja explained: “Proof-of-work (PoW) has miners that stake in hardware, energy, and investment. By definition, anyone storing value on chain has a stake in the chain. PoS chains are incorporations through blockchain because stakers are shareholders and gain voting and validation privileges solely based on x amount of shares.”

15 days ago

Still confused about PoSW and ETC 51% attack? Here is an e...

Still confused about PoSW and ETC 51% attack? Here is an example to show that with PoSW, this ETC double-spending… https://t.co/qSwxbdKf9O

16 days ago

Could a 'wrapped' ETC token on ETH mean trouble for the orig...

Could a 'wrapped' ETC token on ETH mean trouble for the original Ethereum? Former ETCDev Business Manager Say's Et… https://t.co/E2rabnYbAw

16 days ago

ETC to be Tokenized on Ethereum’s Blockchain

Ethereum Classic (ETC) is about to come full circle with it to return to ethereum’s blockchain after it split-off in 2016. A so-called peace bridge is now in its final... The post ETC to be Tokenized on Ethereum’s Blockchain appeared first on Trustnodes.

17 days ago

Litecoin (LTC) Holds Steady Above 21 Day EMA, Price Expected To Rally Ahead

Litecoin (LTC) holds steady above the 21 day exponential moving average as the price prepares to rally towards the top of the ascending channel that it is trading in. The daily trading conditions are very favorable for such a rally. We expect LTC/USD to rally towards the top of the channel in the days ahead which will lead to the 50 Day MA and 200 Day MA drawing even closer. If the price continues to rally, we might expect to see the golden cross which would be a very bullish development that could see Litecoin (LTC) shoot towards $100 before this rally comes to completion. LTC/USD may not capitalize on the golden cross to the full extent but we believe it would end up trapping a lot of bulls before the expected correction to the downside. For long term believers in Litecoin (LTC), this would be a good time to start accumulating. Although the price could go down near term as trading conditions are vulnerable for further declines on the weekly time frame, but we also have a halvening event coming up in August. This means that the price of Litecoin (LTC) is expected to start shooting up after August which is why we are seeing this special interest in Litecoin (LTC) all of a sudden. It is also possible for LTC/USD to preserve most of its gains while the market declines during the next correction because a lot of people would not want to let go off their Litecoin (LTC) when the next halvening is so close. Other events like a Coinbase listing is often considered a gamble as it works sometimes and doesn’t at other times. When Litecoin (LTC) was added to Coinbase, we see a major spike in its price and it continued to surge in the weeks ahead. However, when Ethereum Classic (ETC) was added to Coinbase we saw nothing of the sort. This is why such events may not always have the expected effect but halvening is a different story. Every time a cryptocurrency undergoes a halvening, it cuts the mining rewards by half. This means that by simple supply and demand it becomes unprofitable for miners to sell at the current price because they are going to spend twice as much to mine one coin. This is why we are seeing so many cryptocurrency investors rushing to accumulate as much Litecoin (LTC) as they can at best prices. Litecoin (LTC) does not have a very promising outlook trading against Bitcoin (BTC). We see the price has already formed a triple top and is now ready to fall to the 38.2% level in the days and weeks ahead. This could be an indicator that LTC/BTC may take a fall with the rest of the market and not stay its ground as many expect it to. The daily chart shows that the price is still holding strong above the 21 day exponential moving average, but soon as it falls below it, we could see a strong crash to the downside which might drag LTC/BTC to its trend line support.

17 days ago

TradingView Lists Its First Crypto Index, the Huobi HB10

CoinSpeaker TradingView Lists Its First Crypto Index, the Huobi HB10 Despite the recent market slowdown, traditional financial players are looking keen to dip their toe in the crypto sector. This indicates that the cryptocurrency market is now moving towards attaining more maturity. In a recent development, TradingView has announced to list a cryptocurrency index for the very first time. TradingView adds Huobi’s HB10 crypto index to its platform. TradingView is a U.S.-based provider of financial trading charts and analysis. While commenting on the latest development, Livio Weng, CEO of Huobi Global, said: “As a go-to site for high-volume and API [application programming interface] traders as well as the retail commodity, forex, and of course crypto trading community around the world, we feel TradingView is a perfect fit for HB10. “We’re both pleased and honoured to have ours be the first crypto fund of its kind listed there.” Huobi’s HB10 Crypto Index Huobi launched its HB10 crypto index fund last year in May 2018. The crypto index tracks a number of top digital currencies based on their market cap and liquidity. This weighted fund consists of nine major cryptocurrencies, including bitcoin (BTC), EOS, ether (ETH), XRP, bitcoin cash (BCH), Litecoin (LTC), TRON (TRX), ethereum classic (ETC) and ontology (ONT). It also includes Huobi’s native Huobi Token (HT). Besides the crypto-to-USDT trading pairs, TradingView will also add all of Huobi’s crypto-to-crypto trading pairs to its platform. “This is just the beginning. As additional coins and pairs are added to Huobi Global, they will also appear on TradingView as well,” Weng added. The latest step by TradingView of introducing the cryptocurrency index is the outcome of the industry demand. Moreover, the charting platform also provides trading data sources by major crypto exchanges like Bitfinex and Bitstamp. Last month itself, TradingView launched a “Crypto Dashboard” offering single-window support to crypto traders. Bloomberg Adds Huobi’s Crypto Index Last year in October 2018, the Bloomberg Terminal announced adding the Huobi’s HB10 index to its services. Bloomberg Terminal represents itself the most powerful, flexible platform for financial professionals who need real-time data, news and analytics. It was launched in 1981 and brought transparency to financial markets long before PCs and the internet became ubiquitous. It connected market participants to a groundbreaking data, analytics and information-delivery service and revolutionized an industry. TradingView Lists Its First Crypto Index, the Huobi HB10

17 days ago

Blockchains help us minimize the need for trust. ETC has "hu...

Blockchains help us minimize the need for trust. ETC has "huge potential." because of its functionality, secure con… https://t.co/dKpETiRZ3W

17 days ago

📡 Brand New #Kotti-Classic (#Goerli) Testnet Explorer Built ...

📡 Brand New #Kotti-Classic (#Goerli) Testnet Explorer Built for ETC by @Ethernode_io cc @Aaron_Lowry… https://t.co/Pwqn5cUhf0

17 days ago

Bitcoin Cash, Litecoin and Ethereum Classic Lose Support From the Thai SEC: Expert Opinion

While the crypto markets are slowly maturing and becoming recognized across the globe, there are still vast differences in the way that each country handles them. Some are taking a more supportive stance and some are unfortunately not. Amongst all, the Thai regulator Securities and Exchange Commission (SEC) has removed BCH, LTC, and ETC from the list of accepted cryptocurrencies Bitcoin, Ethereum, XRP, and Stellar Lumens have been reaffirmed While the report has come to a shocker for the three coins that have lost support- BCH, LTC, and ETC- the report has reaffirmed support for Bitcoin, Ethereum, XRP, and Stellar Lumens. More specifically, the SEC has made it clear to specify that this support is referring to issuing tokens on top of those respective blockchains (ICOs) and using these cryptos as a base pair for trading at exchanges. Meaning, that it is now illegal to issue an ICO on the Litecoin blockchain and exchanges are banned from allowing pairs like ETC/XXX. Although the ban has come in it is less likely to have a real-time impact as of the three cryptos that have seen support removed, none of them are currently being used for ICOs nor are they being used by exchanges as a base currency. Overall, Thailand has been a fairly small market for cryptos so in any case, the impact of this announcement of the coin prices would be really negligible. But what’s interesting here is that even after being a small market the, Thai regulator has actually doe their homework and getting into specific cryptos almost like an investor might. Only time will tell if this strategy will pay off but what is clear is that they may be creating more work for themselves as they may need to update the status of individual coins based on market forces. Should any single crypto asset gain or lose ground in the market, they could be forced to update their policy. Also, they’ve only weighed in on 7 cryptos, leaving the rest with a big question mark. Will other countries all go the Thai way of individual coin regulation? Do let us know your views on the same. The post Bitcoin Cash, Litecoin and Ethereum Classic Lose Support From the Thai SEC: Expert Opinion appeared first on Coingape.

17 days ago

Cardano Co-Founder Charles Hoskinson Praises Ethereum Classic Developers and Criticizes Joe Lubin's Management Style

Cardano co-founder and CEO at Input Output (IOHK), Charles Hoskinson, recently said that the Ethereum Classic (ETC) project could indirectly benefit the Ethereum (ETH) network by assisting with the transition from proof-of-work (PoW) to proof-of-stake (PoS) consensus. Hoskinson made the comments during a recent interview on The Thriller podcast and during the discussion, he also criticized Ethereum co-founder and ConsenSys CEO Joseph Lubin for this management style. Hoskinson frequently referred to ConsenSys as the “make Joe Lubin rich fund” and he claimed that the company’s growth was never sustainable. Hoskinson said that ConsenSys was not founded upon sound business strategies and it was simply “a market grab” built on the assumption that the price of Ether would continue to increase. In January, Hoskinson said that he believes it could take at least 11 years for crypto prices to recover to 2017 levels and he told journalists at Cointelegraph that in a decade “even a grandma” will be able to use cryptocurrency. (RS)

17 days ago

Cardano Co-Founder Hoskinson Praises Ethereum Classic's Developers, Criticizes Lubin's Management of ConsenSys

Charles Hoskinson, the CEO at Input Output HK (IOHK), a research and development (R&D) company focused on the development of cryptographic algorithms and distributed systems, has said that the Ethereum Classic (ETC) project may indirectly help the Ethereum (ETH) network by allowing it more easily transition from proof-of-work (PoW) to proof-of-stake (PoS)-based consensus. Hoskinson, an analytics and number theory dropout from the University of Colorado, Boulder, has also been critical of how Ethereum co-founder Joe Lubin had been running various crypto-related businesses.

17 days ago

Google Spell Check Used To Hack Coinomi Wallet

When storing your cryptocurrency, you need to know your assets are safe, especially when using wallets on exchanges or via software that means your assets are ‘online’. The benefits to these sorts of wallets are that you can access your assets across a range of platforms (mobile, PC etc) and also means that if you forget your login details, you might not always totally lose access to your crypto. Drawbacks however to having your assets online can often mean your storage is not decentralised (and is managed by someone else like an exchange) and indeed, your assets are connected to a network which means they can be accessed via hackers who are able to exploit bugs. Such a bug has recently been located within the Coinomi Wallet. The bug seems to have stemmed from a vulnerability that has has been exploited via Google’s spell check after Al Maawali, the victim of the bug revealed that his wallet has been accessed and could have stolen up to $60,000.00. According to Unhashed: “Al Maawali, claims that a text box built into the Coinomi wallet sent his seed phrase to Google’s online spell check service. Since a seed phrase can be used to gain access to a wallet, handling data in this way is a major risk. Al Maawali claims that the bug was used to steal $60,000 of cryptocurrency from his wallet. He also says that Coinomi has refused to take responsibility, which has forced him to reveal the problem publicly. Coinomi itself has now responded, admitting that Google spell checks did occur due to a bad configuration in one of the wallet’s plug-ins. However, Coinomi also says that this function sent text securely—and that Google actually rejected the data.” What’s happened? So, according to the reports, no assets have been lost as a result of this, though Maawali has felt that this bug could have been exploited more successfully in the future - thankfully in this instance, everything seems to be okay and indeed, Coinomi seem to believe that the bug was never really an issue in the first place.

17 days ago

#DeleteCoinbaseTrustChain is the new #DeleteFacebook

If you go on Twitter and look for the #DeleteCoinbaseTrustChain, you will find many disillusioned cryptocurrency enthusiasts who condemn the expansion decisions of industry giant Coinbase. More specifically, it’s due to the acquisition of shady (and historically unethical and malevolent) cyber security company Neutrino, which has deep roots in the Hacking Team project. Until the second half of 2017, cryptocurrenct exchange Coinbase was considered to be among the most honest and trusty players on the market. Thanks to its friendliness to newbies, ease to purchase BTC, and solid security, it has earned a good reputation among cryptocurrency community members. Furthermore, the company’s lost conservatism and focus on time-tested and legitimate projects used to be a big attraction for bitcoiners. Now that the magic is lost due to questionable new listings, accusations of insider trading, and an unpredictable approach to the selection process, it was only a matter of time and a series of bad decisions until users decided to shut down their accounts. Just like Facebook users have decided to leave the social media platform in the wake of the Cambridge Analytica scandal, Coinbase customers are deleting their accounts as a way of protesting against the direction in which the cryptocurrency exchange is going. Today I #DeleteCoinbase thanks to the #DeleteCoinbaseTrustChain pic.twitter.com/xRb0DzestS — Ben Carman (@benthecarman) February 28, 2019 Neutrino, Hacking Team, and unethical human rights violations If one scrutinizes Neutrino’s team members, they will find that CEO Giancarlo Russo, CTO Alberto Ornaghi, and executive Marco Valleri have all worked with the controversial Hacking Team. And a quick search engine input of the company’s name reveals a collaboration with governments with poor records of human rights application: Ethiopia, Bahrain, Egypt, Kazakhstan, Morocco, Russia, Saudi Arabia, Sudan, Azerbaijan, and Turkey. Rapporteurs without Borders, a well-known group of freedom of speech and freedom of the press activists, have denounced Hacking Team as “enemies of the internet” since 2013, calling them “digital era mercenaries” who help reinforce political abuses and authoritarian regimes around the world. The United Nations, through its Italian mission, has even demanded for more information in relation to the shady practices that Hacking Team has undergone in Sudan. Allegedly, the Italian hacking company has contravened the international agreement on weapon export prohibition by selling the “Remote Control System”. Read more: What’s behind the Coinbase executive exodus? Consequently, in the fall of 2014, the Italian government has frozen all of Hacking Team’s exports, under concerns of human rights violations. However, due to strong lobby from investors which even included the regional government of Milan, the cybersecurity company was able to resume its shady practices. In 2015, a large number of e-mails and internal documents of the Italian company has been published by WikiLeaks, further legitimizing and strengthening the concerns about human rights violations. After this scandal broke, Hacking Team has lost its license to sell spyware outside of the European Union, but special transactions could still be made under the stricter oversight of the Italian government. In hindsight, this brief presentation might not sound too compelling. However, the actions of the people behind Hacking Team have led to the imprisonment, torture, and even death of human rights activists around the world. Helping oppressive regimes maintain their authority and legitimacy through advanced spying tools isn’t just unethical, undemocratic, and against the foreign policy of Italy and its allies: it’s a way of supporting crime and suppressing individual freedom. Given the fact that key figures from Hacking Team are now executives in Neutrino should be worrisome. But the idea that Coinbase proudly welcomes these individuals in their family to do “blockchain intelligence” is just another sign that there is nothing cypherpunk about the crypto exchange. Under these considerations, it makes a lot of sense for cryptocurrency enthusiasts who deem autonomy, agency, and sovereignty as supreme values to move away from Coinbase. Deleting the account is not just a sign of protecting oneself from the scrutiny of a shady organization, but also a way of showing concern for human rights violations worldwide. Crypto Twitter reacts with the #DeleteCoinbase and #DeleteCoinbaseTrustChain movements The idea of liquidating the funds in order to delete the Coinbase account is pretty straight-forward and easily comprehensive: if you want to show that you care about human right application and your own privacy, then it makes a lot of sense to run away from Neutrino’s scrutiny. Though Coinbase legitimizes the acquisition under considerations of “preventing theft of funds from peoples’ accounts, investigating ransomware attacks, and identifying bad acto

17 days ago

‘Tis the season to prepare your taxes: Tips for crypto investors in 2019

For the past two years, individuals and institutions have gained so much interested in cryptocurrencies - even in wake of falling prices. For state authorities, crypto taxation is among the high priority areas as governments around the world are interested in cashing in on the market by taxing crypto traders and investors. As an outcome, many in the crypto community pointed hands at the 2017 tax season for being the cause of the early 2018 crypto price falls because people had to sell their earnings to cover their tax obligations. This time, the story isn’t entirely different as crypto prices have fallen drastically for the whole of 2018 and still hasn’t shown any signs of fast recovery. Whether prices are falling, rising or even stagnant, none of these situations prevent a crypto trader or investor from paying taxes. As we begin 2019, every crypto trader should be alert of their tax obligations so as not to be taken aback when the time finally arrives. This piece will guide you through the ins and outs of crypto taxation and how to stay out of trouble with any tax authority. What you need to know about crypto taxation: first things first Crypto taxation is a complex topic not only for authorities but also for businesses and individuals. Regulations differ by country and tax brackets is based on which country you find yourself as a crypto trader and investor. Here’s what you need to know: Which tax category affects you or your crypto business? The kind of tax you pay as a crypto trader, investor or business engaged in crypto depends on how your country views cryptocurrencies. Your country might consider cryptocurrencies as assets, private money, commodities, or property. Legally, this will put you under one or two tax brackets, including personal income tax, capital gains tax, and company or business tax or you could even be exempted from paying any tax. Each and every country has some form of crypto taxation rules and regulations for traders and crypto-based institutions. Regulatory authorities in the UK and US define cryptocurrencies as assets and not currencies. In the legal realm, this means investors and traders are obliged to pay capital gains tax, which come in the form of short- and long-term tax brackets. For example, crypto traders and investors who cash out after a year fall under the long-term capital gains tax section. Other countries follow similar footsteps. Although Japan categorized cryptocurrencies as commodities in 2017 and ended its consumption tax of 8%, it still adheres to capital gains tax, income tax, and company tax rules for individuals and companies engaged in crypto. Other countries have taken a completely different stance when it comes to taxing crypto dealings. In Canada, cryptos are classified as commodities and are therefore taxed as capital gains or business income. The same goes for the Netherlands, where the government announced that cryptos will be treated as barter items and would be subject to income tax regulations. Bitcoin is categorized as a foreign currency in Switzerland and does not attract capital gains tax, while Italy places zero taxation on crypto-related businesses. In Brazil, cryptocurrencies are considered assets and subject to taxation. Other countries, including Venezuela, South Korea, South Africa, India, China, and Russia among others have their crypto tax regulations in the pipeline. Which crypto activities are taxable? What crypto engagements add you to the crypto taxation list? There are many. Whether you are a day trader or a long-term holder, there are a lot of crypto events that put you in the tax bracket and are normally based on your country’s rules and regulations on cryptocurrencies, including: Paying for goods and services with cryptocurrency When you buy goods and services with a cryptocurrency like Bitcoin, you are subject to pay tax. While you will pay VAT in the US, the tax that comes with buying goods and services in other countries might differ. When you receive your mined cryptocurrency Whether it’s BTC, ETH or BCH, you are subject to pay tax when you receive earnings from your crypto mining activities. When you are paid in cryptocurrency When your employer pays you in crypto (BTC, ETH, etc), the payment is categorized as compensation and therefore taxed based on your income tax bracket. Selling your cryptocurrency for cash Whenever you sell your crypto for cash, the amount realized is subject to tax. From buying crypto with crypto to cashing out your earnings, you are subject to tax depending on your national regulations. Although many countries have not instituted clear crypto taxation policies, you should always have knowledge of your nation’s stance on this issue in order to be on the safer side. Which crypto activities are not taxed? Just like tax holidays and exemptions, there are crypto activities that do not attract any form of tax, even in countries where cryptocurrencies are highly taxable. These activities includ

17 days ago

15 Ways to lose your Bitcoin; and how to avoid it

Research firm Chainanalysis estimated that as much as 20% of all Bitcoin in existence is lost forever. At the time the study was released that was about 3.8 million Bitcoins that could never be recovered. In this article, we will explore all the possible ways one can lose their Bitcoins. Cryptocurrency hackers Cryptocurrency exchange hacks account for the majority of Bitcoin lost. Exchanges are popular targets for cybercriminals making up 27% of the attacks in 2018. Mt. Gox was the first high profile hack in cryptocurrency but since then many major exchanges have been hacked including Bitfinex, Bitstamp and most recently New Zealand based cryptocurrency exchange Cryptopia lost 9.4% of their total holdings. Phishing Cybercriminals stealing peoples Bitcoin by fraudulently obtaining usernames, passwords and login into hot wallets and withdrawing all coins. Some of the most common cryptocurrency phishing scams are fraudsters impersonating exchanges using email templates and emails that closely resemble emails from the exchange, which often require you to click on a link to correct an issue with their account, this link leads to a fake page that collects your login details. Remarkably, Ethereum is the hottest target for phishing schemes. Ponzi Schemes A Ponzi scheme is a form of fraud where early investors are paid out quick profits with funds obtained from the most recent investors. A Ponzi scheme has no realistic way of making money and offers people unrealistic returns. In crypto, an example of an alleged Ponzi Scheme is the BTC Global scheme which promised it’s investors returns of “2% per day or 14% per week.” About 28000 South African Investors lost about R1 Billion. Fake cryptocurrency wallets Fraudsters create fake wallet apps and list them on google play store, they usually mimic real cryptocurrency wallet apps. Their purpose is to get peoples credentials or steal peoples crypto. Some of this apps request users private keys and wallet password after launching them so that those details can be used to withdraw crypto from the real wallets whereas the others are just wallets that allow you to deposit but not to withdraw once you have sent the crypto. Catfishing Fake social media accounts are created impersonating reputable cryptocurrency projects or people. This is used in combination with phishing to get access to user accounts login details, for example, you get a fake twitter account impersonating the founder of Ethereum and that account tells you that if you deposit your ETH into an account, your ETH will be doubled. Not only are crypto-reputations used for catfishing schemes, financial and celebrity figures such as Richard Branson are used. Malware Malware on torrent sites and Google Play Store is built to steal Crypto from vulnerable sorts. For example, there is a malware program Clipper which uses the act of users copying and pasting wallet addresses to steal crypto. For example, if you send BTC to an address you usually copy and paste the address because it’s a long string of random characters, the clipper malware would then swap the wallet address when you paste which means you would send crypto to the wrong address. Fraudulent ICOs People who are new to crypto fall prey to fake initial coin offerings (ICOs) who advertise themselves as a new cryptocurrency investment that will yield high returns. They utilise the fear of missing out (FOMO) only for the projects never to materialise and the funds are never returned to the investors. Experienced investors know how to analyse projects based on the team to assess if they have the skills to deliver on their promises and whether there is already a minimum viable product etc. One of the more famed fraud ICOs is Centra, which was endorsed by Floyd Mayweather. Pump and dump schemes A pump and dump is price manipulation, fraudsters use social media groups to hype up projects or tokens known as “shit coins” because they add no value or have no real use-case which goes up exponentially in value overnight. Once the value increases, the fraudsters sell their tokens and soon after the massive sell off the token price sinks dramatically causing the people who held on for longer or who bought at higher prices to make massive losses. Celebrities or people are also used to create hype around said “shit coins”. Lost or damaged cold storage device There are stories of people who got involved early in Bitcoin when it was not worth much and they threw away their old computers, misplaced hardware wallets etc or their computers were damaged. Carelessness Sending your Bitcoin to wrong addresses, some wallets and exchanges have options that prevent users from sending coins to the wrong wallets (non-Bitcoin). Misplaced private keys People lose their private keys or the owners of the wallets and private key dies without sharing them or their location with anyone else. A recent example is the recent death of Gerald Cotton, who was the CE

17 days ago

Asia and Australia: Crypto and Blockchain News Roundup 23rd February to 2nd March 2019

Asia and Australia Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country. South Korea ICONLOOP Denies That It Is Looking to Undertake an Ipo: Rumors concerning the launch of ICON’s Initial Public Offering (IPO) have been denied by ICONLOOP (South Korean company developing ICON). Previously, a local media house reported that an anonymous source from the banking sector confirmed ICONLOOP’s plan to get listed on Korea Exchange by 2020. Moreover, Mirae Asset Daewoo Co. (a brokerage firm) was requested by ICONLOOP to lead the efforts of an IPO. The said news immediately gave rise to these rumors. Singapore Singapore’s GIC May Have Funded Coinbase, Says Report: Singapore’s sovereign wealth fund GIC Pte. may be involved in funding Coinbase, reports Bloomberg. According to various sources, Coinbase received around USD 300 million in terms of funding. In October 2018, against all the odds, Coinbase’s funding round gave it a valuation of USD 8 billion. However, both the parties have refrained from commenting on the matter. Ranging from government bonds to private equity, GIC has a diverse investment portfolio. Reportedly, GIC has invested in over 40 countries and has a worth of over USD 100 billion. Thailand Thai Securities and Exchange Commission Updates the List of Approved Digital Assets: The list of approved digital assets that can be used as base trading pairs and in initial coin offerings (ICOs) has been expanded by Thailand’s Securities and Exchange Commission (SEC), notes an official statement. The updated list now includes Bitcoin Cash (BCH), Ethereum Classic (ETC) and Litecoin (LTC). However, the said list already consists of Ethereum (ETH), Stellar (XLM), Bitcoin (BTC) and Ripple (XRP). All the digital assets present in this list can be used in compliance with Thailand’s national regulations. Nevertheless, none of the listed currencies can be used as legal tender, clarified SEC. India Supreme Court of India Orders the Union of India to Finalize Crypto Regulations: The Union of India has been ordered by the Supreme Court of India to present a regulatory framework for the crypto sector within four weeks. In case the Union is unable to present the framework, the Court will be prompted to come up with its own decision. Moreover, the Supreme Court has refused to hear any case until a proper regulatory framework has been worked out. Advocate Vijay Pal Dalmia (earliest petitioner in the case) maintained that the Union of India has been given the last opportunity to regulate the crypto sector. Japan Japanese Tech Giants to Launch Tamper-Free Education Certificates: Sony and Fujitsu will join hands in order to provide tamper-free education certificates backed by blockchain technology, announced Sony. A field trial has been launched by Sony Global Education and Fujitsu Research Institute to evaluate the feasibility of using blockchain technology in order to manage exam grades and course records. Moreover, Human Academy (serving foreign students) will be a part of the said trial. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy:BitcoinNews.com The post Asia and Australia: Crypto and Blockchain News Roundup 23rd February to 2nd March 2019 appeared first on BitcoinNews.com.

17 days ago

Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018

For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $200 billion, and ETH exceeding $100 billion. Also Read: Report: Quadriga’s 6 Cold Wallets Have Been Without Funds Since April 2018 BTC Volume Surpasses $200 Billion for February February saw the highest volume for BTC trade in one year, with BTC pairings generating nearly $206.37 billion in trade during the last 30 days. The increase in trade activity was driven by the run up to $4,000 during the middle weeks of February, with volume having since retraced amid sideways consolidation. The surge in activity comprised a 34% gain in trade activity month-over-month. USDT trade also produced its heaviest month of trade since the first quarter of 2018, with $177.12 billion worth of tether changing hands. USDT trade activity increased by 56.50% when compared with January. 30-Day ETH Volume Surpasses $100 Billion Monthly ETH trade activity reached a one year-high during 2018, with $104.46 billion worth of ethereum having been traded during the last 30 days. As such, ETH trade increased by 34.40% month-over-month. During February, EOS ranked as the fourth-most traded cryptocurrency for the fifth consecutive month. $33.24 billion worth of EOS were traded during the last 30 days, comprising a 54.75% gain in trade activity. February comprised the strongest month of EOS trade since May 2018. LTC ranked as the fifth-most-traded crypto asset for February, with $32.85 billion worth of litecoin changing hands. LTC saw a 93.58% month-over-month gain in volume, comprising the strongest month of trade since the first quarter of 2018. Bitcoin Cash and Dash Ascend Volume Rankings During February XRP was the sixth-most traded cryptocurrency of February for the second consecutive month, with $17.66 billion worth of XRP changing hands during the last 30 days. XRP trade activity increased by 30% month-over-month, however, failed to exceed the trade volume generated throughout December. BCH ascended two positions to rank as the seventh most traded crypto asset of the past 30 days with $8.91 billion worth of trade. Despite posting a 40.54% gain monthly trade, February comprised the second-weakest month of trade in more than 12 months. Dash re-entered the top ten after falling to 12th last month, ranking eighth with $6.22 billion worth of trade. February saw dash produce a 48.45% volume increase month-over-month, comprising the strongest month of trade since September. NEO Reclaims Top Ten Ranking NEO produced its strongest month in over 12 months, with $6.21 billion worth of NEO changing hands in the last 30 days. NEO comprised the ninth-most traded crypto asset during February, breaking into the top ten for the first time since November. NEO trade activity increased by 72.5% month-over-month. QTUM produced its strongest month of trade since the first quarter of 2018, generating $6 billion worth of trade in the last 30 days. Monthly QTUM trade increased 22% when compared with January ranking it as the 10th-most traded cryptocurrency during February. CKUSD comprised the 11th-most traded crypto asset during February with $5.87 billion worth of trade. February saw monthly CKUSD trade activity gain 38%, comprising the strongest month of trade since Q1 2018. ETC rose two positions to rank as the 12th-most traded cryptocurrency with $5.75 billion worth of trade in the last 30 days. February posted a 60% gain in monthly ETC volume, comprising the strongest month of trade since August. TRX Posts Significant Reduction in Monthly Trade Despite falling from the top ten, ZEC produced its strongest 30 days of trade since Q1 2018 for the second consecutive month, with $5.22 billion worth of ZEC changing hands. February saw ZEC volume increase by 4.4%, ranking as the 13th-most traded cryptocurrency. TRX comprised the only crypto asset of the top 15 to post a reduction in trade volume during February. $5.08 billion worth of TRX was traded during the last 30 days, ranking as the 14th most trade crypto asset. XLM posted its strongest month since the first quarter of last year, with $3.99 billion worth of XLM changing hands. XLM comprised the 15th-most traded cryptocurrency during February, with volume increasing 23%. BTT Ranks Among Top 20 BTT comprised the 16th-most traded crypto asset during February, with $3.86 billion worth of BTT having been traded. BNB made its second appearance among the top 20 in one year, ranking 17th with $2.84 billion in trade over the last 30 days BSV ascended one rank to comprise the 18th-most traded cryptocurrency during February, with $2.70 billion worth of trade. BSV trade activity increased 34.33% month-over-month. PAX saw a nearly 10% decline in monthly trade activity, slipping one position to rank as the 19th-most traded crypto asset with $2.01 billion in trade. TUSD ranked as the 20th-most traded cryptocurrency for the second consecutive month with $1.87 worth tra

17 days ago

Former ETCDEV Business Manager Explains Why Ethereum Classic 'Has Huge Potential'

Donald McIntyre, the former business development manager at ETCDEV, a company that focused on contributing to the ongoing development of Ethereum Classic (ETC), has said that Ethereum (ETH) is “not a valuable network except for experimenting.” McIntyre, the former vice president of giant financial institutions, Morgan Stanley and UBS, told CryptoGlobe that Ethereum, which recently went through a successful hard fork, is only good for “testing and demonstrating what doesn’t work.”

17 days ago

Bitcoin (BTC), Facebook, JPM Coin, the Cincinatti Time Store And The Payments Revolution

Bitcoin, Facebook Coin and JPM Coin could together usher in a crypto default for value transfer. And to help see why, there is a crypto adoption lesson from America’s utopian past. Be it the internet of value trumpeted by Ripple or the peer-to-peer electronic cash of Satoshi Nakamoto’s bitcoin whitepaper, the premise that underlies crypto valuation assumptions is the notion that money will in time be brought into the digital age. Just as Netflix makes watching what you want when you want possible in a way that the analogue TV networks couldn’t, or the iPod and then Spotify began to deliver similar instant gratification in the realm of music, so too will money get the consumer-first digital makeover. The last week of February 2019 may in retrospect signal a pivotal moment in the history of, and revolution in, payments The commodification of payments It was the week in which a report by MoffettNathanson analyst Lisa Ellis predicted the possible commoditisation of current private payment systems as a direct result of inroads by crypto. She didn’t mention, judging by the reports on her client note, the giant step towards this when Facebook’s coin launches in the next four months, assuming this week’s report in the New York Times is accurate. As seems fairly certain, Facebook will turn on a crypto-based payments system for WhatsApp, and no doubt, in time, for its other properties. When it does the future that Ellis dwells upon as an “existential threat” to payment incumbents such as Visa, Mastercard and PayPal, determining that it “is unlikely to occur soon”, may in fact be much closer than she expects. We don’t know exactly how Facebook’s coin will work but it seems likely it will be a stablecoin and perhaps using a delegated proof-of-stake consensus system, or it could go down the sharding road that Telegram is using in its Telegram Open Network (TON) protocol. Facebook’s and other future distributed ledger systems may not be on blockchain at all. They could use so-called post-blockchain approaches, such as hashgraph in which virtual voting establishes consensus; direct acyclic graph where a previous transaction validates a succeeding one; or Holochain-esque decentralised edge architecture, where nodes have their own chains and even unique consensus systems as well Whichever direction Facebook goes in is of course dependent only partly on what is most convenient for the consumer and probably mostly on what is most profitable in the long run for the company. For the phrase “profitable in the long run” we might supplant with the word “controllable”. Two Facebook coins to rule them all? Facebook will be acutely aware of the danger of creating a system that competitors will be able to piggy back on, although if it is, as reported, looking at listing its cryptoasset on exchanges then perhaps it wants to see its stablecoin used beyond its ecosystem so that it can suck into its gravitational field the rest of the cryptoasset economy. Or maybe it will create a free-floating coin alongside its putative stablecoin; one that will reward content creators or perhaps with a portion of supply given to its customers for a utility function in a new blockchain-based Facebook Connect ID verification system? Although some might in the distant past have been fooled by Facebook’s supposed mission to do good in the world, or for that matter Google’s mission to forestall evil, that’s all for the birds. A payments system built by Facebook will necessarily limit the extent to which it is decentralised. However, if it is too centralised it would defeat the purpose of putting in place a decentralised architecture in the first place. So perhaps we should expect some sort of halfway house from Facebook. However, although not the intention of whatever system emerges from Facebook, it could in fact come to be a necessary staging post on the road to “free money” by introducing the masses to crypto, an introduction from which there will be no turning back. Bitcoin - commoditisation’s reserve currency But where does bitcoin fit in? Well that’s where Ellis’s commoditisation thesis comes in. Ellis thinks it is much less likely that the payment incumbents will be disintermediated. Instead she expects commoditisation but if those incumbents incorporate blockchain tech then they can protect and advance their positions (she has a buy recommendation on Visa, Mastercard and PayPal). “Cryptocurrency systems (e.g., Bitcoin, Ethereum, Ripple) are potentially disruptive to private payment systems. Their core design characteristics - which are aimed at enabling ‘freedom of money’ - are in direct contrast to the characteristics of most traditional, private payment systems,” says Ellis, but how can we expect that to play out? Commodification of payments means the feature differences between the offerings in the marketplace vanish, with competition reduced to price alone. Payments commodification in the age of crypto implies the reduction of all service prov

17 days ago

XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam

CoinSpeaker XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam That was just a month before Bitcoin got to it’s sky high of more than $20,000. Even though that result never happened again, last few years Bitcoin proved to be everything but a fraud. Not just that, but since then, plenty of other cryptocurrencies emerged and found their place under the crypto sky. One of them is XRP. And we have to admit, it was pretty surprising when last month JP Morgan came out with the suggestions of JPM Coin, a US dollar-backed cryptocurrency that would be used for cross-border transactions with the bank’s client. However, they lamented its use as an internal-payment tool within JP Morgan. A recent statement by the bank’s CEO Jamie Dimon suggested that JPM Coin could one day be used outside the bank. Few days ago, Forbes found themselves the subject of ridicule (or even bribery) at the hands of the XRP army, when one of their writers casually indicated that Ripple may be a scam. The writer named Jason Bloomberg was also an author of the article about above mentioned JPM Coin. Within the article, certain parallels were drawn between JPM’s latest venture and Ripple themselves. However, rather than positing JPM Coin as competition to Ripple, Jason Bloomberg simply dismissed Ripple as an outright scam - seemingly through conjuncture and without any real explanation given. Of course, the XRP/Ripple community didn’t stand for it, calling Jason out for his evident lack of research. He started an article saying that Ripple was originally designed as a “pump and dump” project because the company works really hard to pump the price, but does so cleverly so that only those who look closely enough can spot the issues. He writes: “At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency (crypto). Unlike most crypto pump and dumps, however, Ripple takes numerous steps to obscure this basic fact.” Jason Bloomberg didn’t stop himself here. He actually claims that Ripple pays its “customers” to promote XRP in an arrangement called the RippleNet Accelerator program. One would have thought the clients would pay Ripple for its services. That puts a huge question mark on Ripple and how they run the business. He also touches issues such as XRP being the security, liquidity issue, customers, technology and more. We actually recommend that you read this entire article. The Ripple Community Strikes Back As expected the XRP and Ripple community defended their favorite crypto company and the digital asset XRP. Everyone knows that the community is strong and really active. Is Forbes a scam? - At its core, the @Forbes business model is an obsolete model that relies on FUD. (Not financial advice). #xrp #xrpthestandard #XRPcommunity #xrpthebase @digitalassetbuy @XRPTrump @haydentiff @XRPcryptowolf @SgtObiWan @C3_Nik @marvin_xrp @Ripple @nbougalis pic.twitter.com/wGkujXCtd7 — Oskar Arnarson (@oskararnarson) March 1, 2019 The truth is, and we already wrote about it, Ripple has issues with central control. Ripple claims not to own or have created XRP, however it controls over 60% of the total XRP circulating supply. Ripple argues that XRP is an open source project that is separate from the Ripple company. It, however, claims the group of developers gave it a large percentage of XRP. The question is for what? Jason Bloomberg believes it is for pumping the price of the token. However, Ryan Zagone, Ripple Director of Regulatory Relations had said: “XRP is open source and it was not created by our company, so that existed as an open source technology. We created a company that was interested in modernizing payments and then began using that open-source tech to do so ... We didn’t create XRP... What we do have is we do own a significant amount of XRP, it was gifted to us by some of the open-source developers that created it. But there’s not a direct connection between Ripple the company and XRP.” That Forbes is in favor of JPM Coin is a well-known fact. Perhaps one of the most famous was an article published by Ms. Frances Coppola in Forbes that explained how JP Morgan Coin was a “slap in the face” for Ripple. He wrote: “JPMCoin is a slap in the face for Ripple. Brad Garlinghouse, Ripple’s CEO, is on record as saying he expects major banks to adopt xRapid, along with the XRP token, in 2019. Now, J.P. Morgan - unquestionably a major bank - has told Ripple that there is no way they are using xRapid or XRP.” However, a report issued by Binance Research, after careful analysis, concludes that in principle, the differences between JP Morgan’s cryptocurrency and XRP are so vast that both tokens could not compete directly. First, Binance highlights the fact that JP Morgan is a stablecoin, whereas XRP is a volatile cryptocurrency. This in itself is an essential difference since one can be used as a means of speculation while the other cannot. JP Morgan’s curr

17 days ago

We are ready for VC, is Vancouver ready for ETC? This Years...

We are ready for VC, is Vancouver ready for ETC? This Years ETC Summit Will Take Place in Vancouver! 🇨🇦 When: Oct… https://t.co/rkDgupvC0n

18 days ago

#EthereumClassic v #Ethereum (ETH vs ETC) Debate at #TABConf...

#EthereumClassic v #Ethereum (ETH vs ETC) Debate at #TABConf2019 Yaz Khoury (@Yazanator) and Anthony Lusardi (… https://t.co/USSHaMlNWw

18 days ago

While some will wonder why there is a need to bring ETC to E...

While some will wonder why there is a need to bring ETC to ETH, it's still a remarkable advancement, one which may… https://t.co/ENfRM4ycum

18 days ago

ETC can possibly fragment itself, continue to work separatel...

ETC can possibly fragment itself, continue to work separately with little coordination, or perhaps work in a unifie… https://t.co/XLAVeAp4Lk

18 days ago

Former ETCDEV Executive Says Ethereum Classic Still 'Has Huge Potential'

Former ETCDEV business development manager Donald McIntyre recently discussed his thoughts about the future of Ethereum Classic and stated that Ethereum is “not a valuable network except for experimenting.” In his view. Ethereum is good for “testing and demonstrating what doesn’t work,” while developers with ETC pay attention and imports the new developments that function well and add value. He expects to see a bigger divergence between the two projects once ETH 2.0 fully launches, and ETC remaining a PoW and Turing complete will make it a high-value asset. (JF)

18 days ago

RT @eth_classic: Video of ETC v ETH debate from #TABConf2019...

RT @eth_classic: Video of ETC v ETH debate from #TABConf2019 is now ready! https://t.co/P65UuG4mz9

19 days ago


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