GoChain GO

$0.0196
Market Cap $ 13.406 MM (#197)
24h Volume $ 1.261 MM
Chg. 24h: -3.57%
Algo. score 4.1/5  (#33)
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GoChain News

VeChain Price Goes in the red Despite RAI1 TV Exposure

Although the past few days have been rather bullish for most cryptocurrencies, it quickly became obvious that momentum would not last for very long. In the case of VeChain, it seems things are heading in the wrong direction following some bearish momentum. So much even that the VeChain price is on its way to potentially head below 100 Satoshi once again. VeChain Price Suffers a Dip It is always interesting to see how quickly some altcoins give up ground when the Bitcoin price goes through a bit of bearish pressure. Whereas this would be a signal for altcoins to gain on Bitcoin, very few of them are capable of doing so. In the case of VeChain, it appears things are not going too well right now, although this may only be a temporary setback. Over the past few hours, the VeChain price lost 3.4% in both USD and BTC value alike. This is not the trend speculators and holders are looking for at this time. After all, most people expected the bear market to be finally over. Nothing could be further from the truth, though, primarily because there was never any indication all top markets had broken to key resistance levels in a definitive manner. On Twitter, it would appear there is some pretty big news for VET. More specifically, it would appear VeChain, together with MyStory, has been highlighted briefly on Italian tv channel RAI1. While this could have exposed millions of viewers to this new technology, it remains to be seen how many people effectively watched it in the first place. Still, a pretty interesting development for VeChain. #MyStory and @vechainofficial have been featured in a news segment on RAI1 channel. Rai1 is the flagship television channel of Rai, followed by millions of viewers every day. DNV-GL is truly paving the way for blockchain adoption in Italy.#VET #VechainThor @DNVGL @DNVGLBA_IT pic.twitter.com/FlGI6SgUJV — VeChain Italia Unofficial (@vechainitalia) February 19, 2019 Moreover, it would appear the recent addition of VeChain to the Amazon AWS platform is also getting a lot of attention lately. Enterprises looking to experiment with blockchain technology now have even more options at their disposal. A one-click-deploy option will always make projects like these more accessible. With the recent news of ⁦@awscloud⁩ integrating #vechain with a one click solution for enterprises, I believe the future is very optimistic! Take a look at this article. The companies and use cases may be familiar. $vet $vthor $btc $eth https://t.co/8vIoqC1TnB — TomMi (@tommidummi) February 19, 2019 Regardless of the current market momentum, it would appear the majority of community members are not too bothered by how things are going right now. CryptoHawk101 remains enthusiasts about the legit appeal VeChain brings tot he table and how it will “stick around” for quite some time to come. Only time will tell if that will be the case, after all. VeChain is legit and will be one that is hanging around when the others continue to fade. Represent well! Don’t stoop to a lower level #VeChainThor #vechain $vet $eth $btc — CryptoHawk101 (@CryptoHawk101) February 19, 2019 A brief dip in the crypto markets is nothing to be overly excited or concerned about right now. More specifically, a correction was bound to happen sooner or later, and it appears VeChain is one of the first to go through it. Although this 3.4% decline is a bit steep for some investors, it is evident this drop may not cause any long-term problems. The trading volume is still on the weak side, though, which is something worth keeping an eye on. 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. Image(s): Shutterstock.com The post VeChain Price Goes in the red Despite RAI1 TV Exposure appeared first on NullTX.

24 minutes ago

Binance DEX Launches On Testnet, With One Second Block Times

Binance announced Wednesday that users are now able to set up accounts and begin trading cryptocurrencies on its new Binance DEX testnet, which went live earlier this morning. Built on the exchange’s new blockchain, Binance Chain, the DEX is intended to be a decentralized and secure marketplace. Network nodes match up orders and all transactions are recorded on-chain. CEO Changpeng ‘CZ’ Zhao said in December that the Binance DEX testnet would go online in the coming months. In an ask-me-anything session last week, he set a provisional launch date for February 21st - this Thursday. Similar to the conventional platform, they are traded against a small number of quoted digital assets. This includes Bitcoin (BTC), Ether (ETH) and the USD-pegged stablecoins Tether (USDT) and PAX, as well as the exchange’s own crypto, Binance Coin (BNB). This has now been moved off Ethereum and will become the blockchain’s native asset. The first fifteen cryptocurrencies featured on the DEX are many of the larger, more well-known ones. Currently, only BNB can be traded with all of them, but this will likely change over time as traders propose new pairs. “Binance DEX is a decentralized exchange with a decentralized network of nodes, where you hold your own private keys and manage your own wallet,” the CEO of Binance said in a press release. “We provide a different balance of security, freedom and ease-of-use, where you take more responsibility and are in more control of personal assets.” Although more secure than centralized platforms - users have custody of their own assets - decentralized exchanges suffer from the same scalability issues as the blockchains they’re built on. For example, IDEX, which with a $1.1M daily volume at press time is one of the most popular DEXs, is limited by the comparatively low throughput of Ethereum, which has an average block time of approximately 20 seconds. But Binance DEX can handle the same volume of transactions as the centralized counterpart, meaning that the underlying blockchain is much faster. “Binance Chain has near-instant transaction finality, with one-second block times,” CZ said. “This solves the issues many other decentralized exchanges face with speed and power.” Binance is less than two years old, but it has already become one of the largest exchanges and expanded with a new token sale platform as well as a charitable venture. Binance DEX will be scalable, allowing more transactions with the same high levels of security. Besides having what is currently the biggest centralized exchange by trading activity, Binance may soon have the biggest DEX. The author is invested in digital assets, including BTC, BNB and ETH which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Binance DEX Launches On Testnet, With One Second Block Times appeared first on Crypto Briefing.

an hour ago

FBI Admits It’s Unlikely Scam ICOs Will Go Away and Shares Tips on How To Recognize One

The United States Federal Bureau of Investigation (FBI), known for working on high-profile crimes, acts of terrorism, and other threats... The post FBI Admits It’s Unlikely Scam ICOs Will Go Away and Shares Tips on How To Recognize One appeared first on Invest In Blockchain.

2 hours ago

Analysts Expect Another Breakout as Bitcoin (BTC) Nears $4,000

Digital currency assets in key markets across the globe have shown a very remarkable performance in just less than two days. The price of bitcoin (BTC) has now come close to the $4,000 mark as altcoins, in particular Ethereum (ETH) and EOS, breached their individual weekly peaks by double-digits. Although bitcoin’s impressive climb early this morning looks similar to advances projected by the bears during the previous weeks’ sessions, what’s taking shape this time is something distinct. Based on data generated by crypto investment analytics firm Skew Markets, Monday’s digital currency trading in a single day was the biggest so far for this year. Proof of this heightened activity towards the green region are figures reported by well-known crypto exchanges BitMEX, Deribit, Kraken and OKeX, that all had surging BTC futures volume not seen in many years. Strong ascent proves bitcoin’s resilience e-Toro in-house crypto investor Mati Greenspan is among those who quickly shared his positive thoughts on bitcoin’s surprise ascent, saying that crypto volume across the board was pegged at $35 billion, a “level not seen since last April.” While the reputed trading analyst disclosed “more meaningful moves” usually go hand-in-hand in terms of higher volumes, Greenspan hinted that this upward momentum surely resembles a bullish breakout. Similarly, Canadian bitcoin analyst Kevin Rooke, concurs with Greenspan’s opinion. In a tweet, Rooke emphasized that Bitcoin just witnessed nearly $10 billion in exchange volume last Monday, its most impressive reading of this magnitude since May last year. Bitcoin’s current positive outlook have led many crypto advocates to believe that another breakout is in the offing. - (Jet Encila is a journalist, editor and freelance writer from the Philippines) The post Analysts Expect Another Breakout as Bitcoin (BTC) Nears $4,000 appeared first on Live Bitcoin News.

2 hours ago

Market Cap: A Flawed Ranking System for Valuing Crypto

Market cap is often used as a metric of importance in the crypto industry. Communities will react jubilantly as their preferred coin moves up the rankings. People will often invest in the top X coins based solely on their market cap as they think it is representative of a diversified portfolio. However, is market cap the right metric to focus on? Also read: Coinbase Acquires Cryptocurrency Surveillance Company Neutrino In this post I will explore the fallacy of market capitalization. I will look at the methods with which market cap is often determined and why it could be considered flawed for a number of reasons. I will also touch on other potential metrics which could be more representative of “value.” But first, let’s start with some basics... Recap on Market Cap Market capitalization is a concept that has been borrowed from the traditional equity markets. In the context of a publicly traded company, it is supposed to give a measure of how much the outstanding free float of shares are worth on the market. It is merely calculated by taking the price of the shares and multiplying it by the outstanding free float of shares. Capitalization is often used as a metric of size, value and importance in the equity markets because all the shareholder information can be publicly verified and the shares are often traded on one exchange. There is no disagreement as to the market cap of Coca Cola because analysts can easily replicate it themselves. They can pull the shareholder records from their databases and grab the latest price from the NYSE ticker information. However, the same cannot really be said for the cryptocurrency markets. Market Cap in Crypto When cryptocurrencies first started gaining the public’s attention a few years ago, numerous websites wanted to find a quick and easy way to compare all of the different coins on the market. They needed a simple ranking number that people could use as a rough benchmark. Market cap was one of the most applicable metrics that they could use. It was also relatively easy to understand for those who were new to the cryptocurrency markets. It was understood to imply the total value of all coins in circulation. A problem that is unique to cryptocurrencies though is the fact that this “circulating supply” is often defined subjectively by the coin ranking websites. For example, if we were to take a look at the definition of “circulating supply” on Coinmarketcap (CMC) it states the following. How circulating supply is calculated on CMC. Image via Coinmarketcap. While this seems like a pretty thorough examination of the circulating supply of a project, a great deal of it will come down to the judgement of the folks at CMC. You will have to trust their assessment of what is freely circulating based on information that is provided to them by project teams. As many Bitcoin proponents know, “Don’t trust, verify.” Potential Manipulation of Numbers Something specific that CMC does is exclude the pre-mined coins from the circulating supply of a particular project. While the intentions behind this may be right, there are some negative externalities that come with this. For example, when a project has pre-mined a large proportion of their coins, every time they release these funds, their circulating supply will go up. If these coins are not sold immediately (which impacts price) then the market cap of the coins is also likely to increase. There have been many projects that have been accused of this tactic. While some of them may not have been intentionally seeking to impact price, it is disconcerting that such an important metric can move at the whim of the developers. This is of course only the circulating supply number that we are talking about. We are well aware of how crypto whales are able to impact price in relatively illiquid markets. Through wash trading and limited external demand, nefarious actors can pump the price and hence impact market cap. What Can Be Done? In a sense, the coin ranking websites are in a bind when it comes to market capitalization. They are using it precisely because it is well known, easy to understand, comparable and seemingly applicable. They are trying to provide an objective view of the coin’s total value and the more they try to tweak the formula, the more they can be accused of being subjective. Another coin ranking site, Coingecko, has taken a slightly more transparent and innovative approach to their rankings. For example, when it comes to listing their circulating supply they do not exclude pre-mined coins. They do this more for consistency because technically tokens issued on smart contract platforms are all pre-mined. Similarly, pre-mined coins could potentially already be traded on exchanges because they are not locked. They also give the user more information on how circulated supply is calculated for each coin that they have listed. For example, in the below image you can see the supply numbers for the 0x (ZRX) project. Circulating supply br

2 hours ago

How Is GG World Lottery Different from Unregulated Crypto Lotteries?

It’s true that the global lottery industry represents a vast market worth billions of dollars. It’s also growing. However, the majority of the online crypto lotteries face a wide range of different challenges. They span from the lack of transparency in regulations, drawing process and auditing practices. GG World Lottery is different. Existing Roadblocks in the Lottery Industry In the vast majority of countries, lotteries are either government-backed or they are private. These continue to grow in popularity. That’s especially true for emerging markets. Unfortunately, the majority of legacy lotteries see a notable stagnation or even a decrease in their revenue. That’s because they’re unable to adopt new and emerging technologies. While they introduce new products rather regularly, mature lotteries don’t see the further engagement of their users. In fact, they start to notice that millennials, for instance, are relying more and more on their mobile devices to engage with the industry - something they don’t factor in. Additionally, there is a growing concern regarding the lack of transparency when it comes to the drawing processes, record keeping, auditing practices, and general regulatory oversight. That’s Where GG World Lotteries Step In GG World Lottery enters a market which is in a desperate and visible need of improvement. In order to do so, the project provides a very fresh perspective for the growing base of lottery players by adopting emerging technologies. All lotteries brought by the project are online-based and mobile-friendly. What this means is users can buy and participate in them through their mobile devices - they don’t have to go to any physical brick and mortar store at any point in time. Additionally, the lotteries which are run by GG International are regulated and government-backed in the countries that they operate in. This is particularly important. It guarantees compliance, security, as well as full regulatory oversight to properly ensure the players’ peace of mind. Visible, Certified Trust The project also marked a very important milestone in its development. GG International, the company which is behind GG World Lottery, acquired certification from an independent testing authority - Global Laboratories International (GLI). GLI is an ISO-accredited independent venue which works to verify the technical compliance of third parties. It also makes sure that they adhere to the highest industry standards. As such, GLI is trusted by 475 industries which are spread all across the world. The fact that GG International managed to acquire this certificate means that the games which are run on its platform are safe for the player and for the operator as well. The certificate also shows that the True Random Number Generator which is used by the platform is entirely reliable and it guarantees the fairness of the draws and that they happen as per the quantum physics principles for true randomness. On the other hand, the blockchain layer that the TRNG is built on provides for complete and unparalleled transparency and verifiability of the processes. Three Weeks Until the End of the Public Sale GG World Lottery is going through an STO and it currently has about three weeks until the end of the public sale. This means that users still have some time to benefit from becoming GG World token holders. Each and every investor in the project will be entitled to a lifetime revenue share based on every Jackpot ever won on the platform. This means that whenever someone wins the Jackpot, all token holders are going to win with him, receiving a certain portion of the prize based on the overall number of tokens they hold. The dividends are paid quarterly. The more tokens an investor holds, the larger their share will be. You can find out more about the project and take part in the security token offering on the official website. You can also stay tuned on the project’s Facebook and Twitter page or join the live Telegram group if you have any questions. What do you think about GG World Lottery? Don’t hesitate to let us know in the comments below! The post How Is GG World Lottery Different from Unregulated Crypto Lotteries? appeared first on Live Bitcoin News.

3 hours ago

How Is GG World Lottery Different from Unregulated Crypto Lotteries

It’s true that the global lottery industry represents a vast market worth billions of dollars. It’s also growing. However, the majority of the online crypto lotteries face a wide range of different challenges. They span from the lack of transparency in regulations, drawing process and auditing practices. GG World Lottery is different. Existing Roadblocks in the Lottery Industry In the vast majority of countries, lotteries are either government-backed or they are private. These continue to grow in popularity. That’s especially true for emerging markets. Unfortunately, the majority of legacy lotteries see a notable stagnation or even a decrease in their revenue. That’s because they’re unable to adopt new and emerging technologies. While they introduce new products rather regularly, mature lotteries don’t see the further engagement of their users. In fact, they start to notice that millennials, for instance, are relying more and more on their mobile devices to engage with the industry - something they don’t factor in. Additionally, there is a growing concern regarding the lack of transparency when it comes to the drawing processes, record keeping, auditing practices, and general regulatory oversight. That’s Where GG World Lotteries Step In GG World Lottery enters a market which is in a desperate and visible need of improvement. In order to do so, the project provides a very fresh perspective for the growing base of lottery players by adopting emerging technologies. All lotteries brought by the project are online-based and mobile-friendly. What this means is users can buy and participate in them through their mobile devices - they don’t have to go to any physical brick and mortar store at any point in time. Additionally, the lotteries which are run by GG International are regulated and government-backed in the countries that they operate in. This is particularly important. It guarantees compliance, security, as well as full regulatory oversight to properly ensure the players’ peace of mind. Visible, Certified Trust The project also marked a very important milestone in its development. GG International, the company which is behind GG World Lottery, acquired certification from an independent testing authority - Global Laboratories International (GLI). GLI is an ISO-accredited independent venue which works to verify the technical compliance of third parties. It also makes sure that they adhere to the highest industry standards. As such, GLI is trusted by 475 industries which are spread all across the world. The fact that GG International managed to acquire this certificate means that the games which are run on its platform are safe for the player and for the operator as well. The certificate also shows that the True Random Number Generator which is used by the platform is entirely reliable and it guarantees the fairness of the draws and that they happen as per the quantum physics principles for true randomness. On the other hand, the blockchain layer that the TRNG is built on provides for complete and unparalleled transparency and verifiability of the processes. Three Weeks Until the End of the Public Sale GG World Lottery is going through an STO and it currently has about three weeks until the end of the public sale. This means that users still have some time to benefit from becoming GG World token holders. Each and every investor in the project will be entitled to a lifetime revenue share based on every Jackpot ever won on the platform. This means that whenever someone wins the Jackpot, all token holders are going to win with him, receiving a certain portion of the prize based on the overall number of tokens they hold. The dividends are paid quarterly. The more tokens an investor holds, the larger their share will be. You can find out more about the project and take part in the security token offering on the official website. You can also stay tuned on the project’s Facebook and Twitter page or join the live Telegram group if you have any questions. What do you think about GG World Lottery? Don’t hesitate to let us know in the comments below! The post How Is GG World Lottery Different from Unregulated Crypto Lotteries appeared first on Live Bitcoin News.

4 hours ago

Elon Musk Says Bitcoin's Structure is 'Quite Brilliant' and Paper Money is Going Away

During a recent interview with Tesla CEO Elon Musk, the tech entrepreneur got on to the topic of cryptocurrencies and said that Bitcoin’s structure is “quite brilliant” and that “paper money is going away, and crypto is a far better way to transfer value than pieces of paper.” He did go on to discuss his concerns about the energy intensiveness of cryptocurrency mining and stated that “it would not be a good use of Tesla resources to get involved in crypto. We’re just really trying to accelerate the advancement of sustainable energy.” (JF)

8 hours ago

Nash (NEX) Decentralized Exchange to Beta Launch at the End of March

The co-founder of Nash (NEX), the decentralized exchange (DEX) project built on the NEO blockchain platform, recently announced that the beta version of the Nash DEX will go live on March 31st, 2019. The platform has been described as a “financial platform” for the future digital economy that will support users from around the world, including the US, as soon as it launches. The goal of Nash is to help spread the awareness of decentralization around the globe by providing the convenience of centralized banking with the security of a decentralized platform. (JF)

9 hours ago

FBI Admits: It’s Unlikely Scam ICOs Will Go Away and Shares Tips on How To Recognize One

The United States Federal Bureau of Investigation (FBI), known for working on high-profile crimes, acts of terrorism, and other threats... The post FBI Admits: It’s Unlikely Scam ICOs Will Go Away and Shares Tips on How To Recognize One appeared first on Invest In Blockchain.

10 hours ago

Our friends at @kucoincom have a special promotion going on....

Our friends at @kucoincom have a special promotion going on. They are offering zero trading fees for GoChain for a… https://t.co/fyyfZ0T43G

11 hours ago

Coinbase Snaps Up Blockchain Intelligence Startup Neutrino

U.S.-based digital asset platform Coinbase has acquired blockchain intelligence startup Neutrino. The company made the news known earlier today, February 19, 2019, but the cost of the acquisition was not disclosed.The announcement reads:"Neutrino’s technology is the best we’ve encountered in this space, and it will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world."The blockchain startup will analyze data on public blockchains and help prevent theft of funds on Coinbase, investigate ransomware attacks when they come up and identify the culprits using its suite of tools.Neutrino offers similar services to New York-based Chainalysis, designing and developing tools for monitoring data on the blockchain. Per its website, Neutrino creates custom solutions for "monitoring, analyzing and tracking cryptocurrency flows across multiple blockchains, providing actionable insight on the whole cryptocurrency ecosystem."With its analytical capabilities, Neutrino will help Coinbase add new features and tokens to the platform, while ensuring "compliance with local laws and regulations."Beyond analytics, Neutrino claims to have some firepower under its sleeves. The startup has a solution specifically developed for law enforcement agencies dubbed the XFlow nSpect, which allows for total tracking of cryptocurrency movements across multiple blockchains. Per details on its website, Neutrino claims the XFlow can be used to track stolen funds, monitoring their flow from one exchange to another, mixers and other services in real time.Coinbase says Neutrino will not go through any rebranding efforts. Instead it will continue to operate as an independent entity out of Coinbase's London office. The exchange sees the acquisition as a step in the right direction for creating an "open financial system." \ This article originally appeared on Bitcoin Magazine.

12 hours ago

Long-time Ethereum Developer Afri Schoedon Parts Ways with Ethereum

Afri Schoedon, a top Ethereum developer, has quit working with the project. Earlier reports announced that Schoedon had quit social media and he clarified the matter in a recently issued tweet. Schoedon wrote, “I did not quit social media, I quit Ethereum. I did not go dark, I just left the community. I am no longer coordinating hard-forks, building testnets, or contributing otherwise.” Schoedon also said he did not work on Polkadot and that he “did not hate Ethereum, I loved it.” Schoedon also referenced a February 14th tweet that shows him happily sitting behind a banner that proclaims “Polkadot delivers what Serenity out to be. Change my Mind.” Schoedon explained that the tweet was nothing more than a joke but several members of the Ethereum subreddit believe Schoedon is intentionally attempting to sabotage Ethereum development to help Polkadot which is a third-party scaling solution. Schoedon now says he has plenty of free time and is looking for “an exciting project that really matters and does not come with a token.” (RS)

13 hours ago

Google Introduces Bitcoin Symbol on iOS Keyboards

Google now enables the Bitcoin symbol on keyboards for iOS mobile devices, suggesting that the IT giant recognizes Bitcoin as a mainstream currency. Google’s Legitimization of Bitcoin Users of iOS mobile devices can now use the capital letter serif B, traversed with two vertical lines. Crypto journalist Tim Copeland explains, “To access it, make sure you’re using the Google keyboard, not just the default Apple one, and hold down the dollar symbol to see a pop up of several of the world’s major currency symbols. The Bitcoin symbol is located on the far left.” Actually, Google’s decision to incorporate the cryptocurrency symbol in its keyboard might be Google’s second step towards considering Bitcoin a mainstream currency. In September 2018, the tech giant lifted the ban it had imposed four months earlier on cryptocurrency advertising. In the announcement, Scott Spencer, Google’s Director of Product Management, Sustainable Ads, stated: We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or potential for consumer harm that it’s an area that we want to approach with extreme caution. According to Copeland, these moves by Google might not help to dramatically increase Bitcoin’s rate of adoption, But, it is a major endorsement by the web giant that has so far stayed away from cryptocurrencies, although a recent ban on advertising crypto projects was recently lifted suggesting Google might be warming to crypto: A small step, but a positive one. Tech Giants Are Stepping Up Their Support for Bitcoin The symbol representing the Bitcoin currency unit is already part of the Unicode standard, version 10, and it has been since June 2017. The Unicode character assigned to Bitcoin is 20BF. Thus, for example, Microsoft products allow users to insert the cryptocurrency symbol, ₿, by typing 20BF plus ALT. In addition, Microsoft accepts payments in Bitcoin for media content on its Windows and Xbox stores. Although Apple has not yet officially enabled the Bitcoin symbol, last September, its mobile operating system iOS12 added two Bitcoin glyphs as part of the Siri Shortcuts app. Now, Bitcoin enthusiasts are waiting for Google to further legitimize the cryptocurrency by also making the Bitcoin symbol available to Android operating devices. How do you think Google’s enabling of the Bitcoin symbol in its keyboard for iOS devices will impact the cryptocurrency’s rate of adoption? Let us know in the comments below! Images courtesy of Twitter/ @Timccopeland, AppleInsider, Shutterstock The post Google Introduces Bitcoin Symbol on iOS Keyboards appeared first on Bitcoinist.com.

13 hours ago

JPM Coin, JP Morgans New Crypto

Last week saw a very significant announcement from JP Morgan, with the launch of the new JPM Coin, a central bank backed cryptocurrency designed by JP Morgan. Who are JP Morgan JP Morgan Chase & Co is a US based investment bank that has operations across the globe. Whilst they are mostly based within New York, JP Morgan operate from offices on a multinational level and are considered to be the biggest banking group within the United States. Moreover, JP Morgan are considered to be the sixth largest bank in the world, with assets last year racking up to an incredible $2.543 trillion. JPM Coin is the first US bank backed cryptocurrency and came through an announcement from JP Morgan officials last week, during which they said: “The JPM Coin is based on blockchain-based technology enabling the instantaneous transfer of payments between institutional accounts. Exchanging value, such as money, between different parties over a blockchain requires a digital currency, so we created the JPM Coin.” JPM Coin is not a standalone cryptocurrency designed for use as an adopted currency, rather, JPM Coin makes up a portion of their new blockchain network designed to facilitate fast and cheap payments between the bank accounts of many of JP Morgan’s institutional customers. So no, this isn’t a currency that has been built to rival Bitcoin, rather this is a cryptocurrency that has been set up to help institutional banking customers make the most of blockchain technology and to allow JP Morgan to provide a working platform for the fast and cost effective transfer of money between their customers accounts. Because JPM Coin is backed by the bank, the value of JPM Coin sits alongside the US Dollar: “As a globally regulated bank, we believe we have a unique opportunity to develop the capability in a responsible way with the oversight of our regulators. Ultimately, we believe that JPM Coin can yield significant benefits for blockchain applications by reducing clients’ counter-party and settlement risk, decreasing capital requirements and enabling instant value transfer. JPM Coin is 1:1 redeemable in fiat currency held by J.P. Morgan.” This is still in it’s prototype phase, though it’s still a very exciting announcement that promises big things for the institutional adoption of cryptocurrency. It’s clear that when JP Morgan’s big customers use JPM Coin, they are going to be exposed to a number of blockchain benefits which in turn, could encourage them to go on to explore other cryptocurrencies, such as Bitcoin. Will this spur on a new wave of institutional investment? We hope so.

13 hours ago

Top Ethereum Developer Afri Schoedon Just Rage-Quit

Afri Schoedon, a long-time Ethereum contributor, abruptly quit working on the second-largest cryptocurrency. A few days ago, Schoedon tweeted a meme that said “Polkadot delivers what Serenity ought to be. Change my mind.” The meme raised ire on Reddit, and the situation devolved from there until the developer quit early this morning. I did not quit social media, I quit Ethereum. I did not go dark, I just left the community. I am no longer coordinating hard-forks, building testnets, or contributing otherwise. I did not work on Polkadot, I never did, I worked on Ethereum. I did not hate Ethereum, The post Top Ethereum Developer Afri Schoedon Just Rage-Quit appeared first on CCN

13 hours ago

Tim Draper Predicts Only Criminals Will Use Fiat In Five Years

Bitcoin (BTC), Cryptocurrency-Bitcoin bull and billionaire investor Tim Draper has made headlines again with an interesting take on the future of cryptocurrency and fiat. On the same day that Bitcoin (BTC) nearly crested $4000, with the rest of the crypto markets experiencing a wave of green, the vocal investor made the claim that fiat is trending towards primarily criminal use. Draper, who has made high-profile claims before and is transparent in his support for Bitcoin as an investor in the digital asset, believes that BTC will be the predominant currency in five years. Compared to the common mainstream narrative that cryptocurrency is primarily used by criminals, stemming from the storied past of The Silk Road, Draper believes that fiat will transition to the sphere of sole use by criminals. As noted by a U.S. Drug Enforcement Administration (DEA) agent in August 2018, the organization is beginning to prefer criminals use cryptocurrency over fiat due to the ease of tracking through blockchain. While typical blockchain based currencies such as Bitcoin may offer a level of anonymity in the ability to transact, the movement of capital is contained within a public ledger that can be traced for legal purposes. In the case of the DEA-and by extension Draper’s comment-blockchain provides a simultaneous security and honest-keeping record over traditional fiat. Speaking in an interview on Feb. 18 with financial news outlet Fox Business, Draper reiterated his position that Bitcoin is superior to traditional fiat, and predicted that in five years cryptocurrency will be the supreme form of currency with the latter being proven obsolete and relegated to the use of criminals. Draper also went on to state his belief that fiat in banks is less security than the value he stores through digital assets such as Bitcoin, claiming, “My bank is constantly under a hack attack,” while noting that no one has been able to hack or manipulate BTC backed by blockchain. This led Draper to go a step further, claiming that Bitcoin is substantially more secure than fiat, and generally represents a superior form of money. At one point, Draper compared exchanging Bitcoin to fiat as akin to trading gold for sea shells-an ode to the advancement that digital currencies have made in the face of their stagnant counterpart. While Draper presents an interesting scenario over criminal fiat use, the rise of Monero (XMR) and other privacy coins may disrupt that narrative. Not only do these currencies afford users the security and trust of blockchain-based transactions, but they also allow transactions to occur with complete anonymity. Some analysts have predicted that the need for privacy coins may drive the price of Monero and their like higher over the next decade, as digital assets for routine transactions such as buying a coffee become less sensationalized. However, Draper’s point to the outdated nature of fiat may have been partly represented in last week’s announcement by JPMorgan Chase to develop the JPMCoin. While JPMorgan’s new coin will not re-invent the crypto wheel, it does seek to offer an improvement in transaction speed and cost over the industry standard relying upon traditional money systems. The post Tim Draper Predicts Only Criminals Will Use Fiat In Five Years appeared first on Ethereum World News.

13 hours ago

How is GG World Lottery Different Than Unregulated Crypto Lotteries

It’s true that the global lottery industry represents a vast market worth billions of dollars. It’s also growing. However, the majority of the online crypto lotteries face a wide range of different challenges. They span from the lack of transparency in regulations, drawing process and auditing practices. GG World Lottery is different. Existing Roadblocks in the Lottery Industry In the vast majority of countries, lotteries are either government-backed or they are private. These continue to grow in popularity. That’s especially true for emerging markets. Unfortunately, the majority of legacy lotteries see a notable stagnation or even a decrease in their revenue. That’s because they’re unable to adopt new and emerging technologies. While they introduce new products rather regularly, mature lotteries don’t see the further engagement of their users. In fact, they start to notice that millennials, for instance, are relying more and more on their mobile devices to engage with the industry - something they don’t factor in. Additionally, there is a growing concern regarding the lack of transparency when it comes to the drawing processes, record keeping, auditing practices, and general regulatory oversight. That’s Where GG World Lotteries Step In GG World Lottery enters a market which is in a desperate and visible need of improvement. In order to do so, the project provides a very fresh perspective for the growing base of lottery players by adopting emerging technologies. All lotteries brought by the project are online-based and mobile-friendly. What this means is users can buy and participate in them through their mobile devices - they don’t have to go to any physical brick and mortar store at any point in time. Additionally, the lotteries which are run by GG International are regulated and government-backed in the countries that they operate in. This is particularly important. It guarantees compliance, security, as well as full regulatory oversight to properly ensure the players’ peace of mind. Visible, Certified Trust The project also marked a very important milestone in its development. GG International, the company which is behind GG World Lottery, acquired certification from an independent testing authority - Global Laboratories International (GLI). GLI is an ISO-accredited independent venue which works to verify the technical compliance of third parties. It also makes sure that they adhere to the highest industry standards. As such, GLI is trusted by 475 industries which are spread all across the world. The fact that GG International managed to acquire this certificate means that the games which are run on its platform are safe for the player and for the operator as well. The certificate also shows that the True Random Number Generator which is used by the platform is entirely reliable and it guarantees the fairness of the draws and that they happen as per the quantum physics principles for true randomness. On the other hand, the blockchain layer that the TRNG is built on provides for complete and unparalleled transparency and verifiability of the processes. Three Weeks Until the End of the Public Sale GG World Lottery is going through an STO and it currently has about three weeks until the end of the public sale. This means that users still have some time to benefit from becoming GG World token holders. Each and every investor in the project will be entitled to a lifetime revenue share based on every Jackpot ever won on the platform. This means that whenever someone wins the Jackpot, all token holders are going to win with him, receiving a certain portion of the prize based on the overall number of tokens they hold. The dividends are paid quarterly. The more tokens an investor holds, the larger their share will be. You can find out more about the project and take part in the security token offering on the official website. You can also stay tuned on the project’s Facebook and Twitter page or join the live Telegram group if you have any questions. What do you think about GG World Lottery? Don’t hesitate to let us know in the comments below! The post How is GG World Lottery Different Than Unregulated Crypto Lotteries appeared first on Live Bitcoin News.

14 hours ago

Ethereum Miners Score Unexpected $400K Payday

The crypto industry is abuzz about an extremely generous tip, left to Ethereum miners by an apparently high-rolling developer. Four transactions, all dated Feb. 19 and originating from the same wallet, spent 3,150 ETH in transaction fees. This amounts to approximately $467,000 for transactions whose combined value was less than $23. The median gas price based on the last 1,500 blocks on Ethereum is 13.2 gwei, or about $0.004. A Reddit thread warned developers to be sure and perform adequate testing before their dApps touch the mainnet. Ethereum’s Constantinople upgrade is days away, and the likely explanation, based on the community response, is that a developer building a smart contract skipped the testnet before deploying to the Ethereum mainnet, thereby incurring the gargantuan fees. The other possible reason is that something more nefarious is going on, such as a miner washing profits. Based on popular opinion, that scenario is unlikely, especially considering the mix of miners involved across the transactions. A less sensational explanation is that the transaction fee and value fields got confused. Meanwhile, Jimmy Zhong, the co-founder of IOST, whose scalable blockchain app platform is nearing its mainnet launch, pointed to one of the pricey transactions, which was worth less than $15 but which “tipped” miners more than $300,000. A whopping 2,100 #ETH(~$300k) tip was just paid to the miners on the #Ethereum network. What a generous guest... or mistake. @coindeskevents @coindeskhttps://t.co/x5pZkE47tg pic.twitter.com/SjS6ZpmhvX — Jimmy Zhong (@jimmyzhong_iost) February 19, 2019 Ethereum Is a Hot Mess The developer’s mishap places a brighter spotlight on Ethereum at a time when they cannot afford any more setbacks. The fact that the ETH price is leading the market rally, however, suggests that nothing unforgivable has transpired. On the one hand, the network has never been closer to its goal of greater scalability and a better governance system as it moves towards adopting the proof-of-stake mechanism. This means that mainstream adoption could be on the horizon. In fact, it is this optimism that has helped to position the second-biggest cryptocurrency atop the leaderboard for market gains in the last couple of days. A change in the supply/demand dynamic didn’t hurt, either. This is the chart that kind of started this whole rally. New Ether coming online is less than 13,000 for the first time in history. Usually, it's between 20k to 30k a day but has been declining lately due to the delay of #ConstantinopleHardFork. Less supply + steady demand = 📈 pic.twitter.com/PCibT7DXdI — Mati Greenspan (@MatiGreenspan) February 19, 2019 On the other hand, the infighting within the Ethereum community has also reached new heights, as evidenced by one of the leading developers quitting the project. Afri Schoedon, whom Crypto Briefing has spoken to in the past, posted a meme in recent weeks that — because of its focus on a separate project, Polkadot — drew harsh criticism from his social media followers. Things got out of control and before long Afri, a Parity Technologies Release Manager who was recently named Ethereum Hard Fork Coordinator, became the target of threats. I did not quit social media, I quit Ethereum. I did not go dark, I just left the community. I am no longer coordinating hard-forks, building testnets, or contributing otherwise. I did not work on Polkadot, I never did, I worked on Ethereum. I did not hate Ethereum, I loved it. — Afri (@5chdn) February 19, 2019 Importantly, Afri hasn’t quit crypto altogether and is willing to work on other projects, as long as there isn’t a token involved. Afri went on to explain that the lion’s share of his contributions over the past four years was unpaid, with the exception of his work on the Parity client. Perhaps he should look into ETH mining, instead. We hear that pays pretty well. The author is invested in digital assets, including Ethereum which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Ethereum Miners Score Unexpected $400K Payday appeared first on Crypto Briefing.

14 hours ago

An Initial Guide on Trading in Cryptocurrencies

Are you planning to start a journey on Cryptocurrency trading? Well, I would like to advise you guys that before starting anything, you must have complete knowledge about it. And so I am here to guide you about trading in Cryptocurrency. Well, today I am going to apprise you about some key elements of Cryptocurrency which are required to get success in Cryptocurrency trading. So, let’s have a look at them. Order Book: You can also call it as Market Depth and it is the number of buy and sell orders at a particular price of Cryptocurrency. It should be regularly updated so that it can be your needful partner in ascertaining the tenderness around Cryptocurrency. You can do this in a very easy and to know more about these steps please go to ethereumcodebot.com. Stop Loss: As reflected by the name, sell stop loss is created to control loss in your investment. So it can be a very powerful tool in alleviating risk. Well, you can earn a profit after buying stop losses even if your Cryptocurrency hit the price above your buy-in price. Supply And Demand: Well, supply and demand affect not only Cryptocurrency, but it also affects every currency. Utility: Utility means how useful can be a thing is. And obviously, if something is useful, it is valuable. And so with the Cryptocurrency. The more useful your cryptocurrency is, the more valuable it is. Relative Strength Index: RSI compares the ongoing price of the Cryptocurrency to its past and determines the firmness and speed of the movement of market price. If a cryptocurrency is overbought or oversold, the Relative Strength Index compares the immensity of contemporary gains and losses. RSI will indicate you if the market price will reverse. The Moving Average Convergence / Divergence Indicator: Convergence Indicator reflects that the two averages are coming together while the divergence reflects that the two averages are getting apart from each other. It is a positive signal to buy Cryptocurrency if MACD reaches above the signal line. On the other hand, if the MACD reaches below the signal line, it pessimistic to sell Cryptocurrency. Final Verdicts So, guys, these are some of the key elements of Cryptocurrency. So, if you are starting a journey of trading in Cryptocurrency, you need to keep these points in your mind so that you can achieve success in it. And before concluding this article, I wish you good luck with your new journey. And if you have any doubts, we would love to hear them and guide you anytime. Thank You. The post An Initial Guide on Trading in Cryptocurrencies appeared first on ZyCrypto.

14 hours ago

Tim Draper forecasts cryptocurrency will go mainstream in five years, leaving fiat to criminals

Billionaire investor Tim Draper has reiterated his claim that cryptocurrencies will become the financial norm in five years in an interview with Fox Business.The post Tim Draper forecasts cryptocurrency will go mainstream in five years, leaving fiat to criminals appeared first on The Block.

16 hours ago

EOS, XLM and TRX Record New Highs in Bullish Rally

Summary EOS gains 34% in bullish run TRX gains 10 % in last 24 hours XLM gains 13% in the last 24 hours EOS/USD The price of EOS has rallied in the last 24 hours gaining over 34% to reach a new high of 3.8880. This came against the backdrop of an announcement by the CEO of Blockone-EOS developers. Blockone CEO posted a message on telegram seemingly asking the community to be patient as great products are being developed on the EOS Blockchain. The markets responded positively to this news and the last 24 hours have seen the price break resistance levels at 2.9804 to achieve a new high. The currency has been trading sideways from a couple of days and this breakout signals the beginning of new support levels. The RSI was hovering over 80 signaling an overbought market before tracing its way to its current level of 68. There is still a wide margin between the 7 day MA and the 21 day MA seemingly portraying that the bulls may still have their way moving forward. However, a look at the candlestick pattern formations on hourly charts seems to show a bearing engulfing patterns that may signify that the strength of the bullish run may be waning. EOS Forecast We expect the price to consolidate moving forward. This scenario would be ideal for an intra-range trading strategy with resistance at 3.7426 and support at 3.6158. Traders can go long once the price bounces back from support or go short once it pulls back from resistance. TRX/USD The last 24 hours has seen the price of TRX rally north as critical resistance levels were breached to achieve new highs. This currency has been ranging for the last few days with initial support levels at 0.023881 and resistance at 0.0245723. This resistance was broken as the Bulls rallied to achieve a new high of 0.026394 as at going to press. This represents an upsurge of close to 10%. The upward rally started at the beginning of 18th Feb when the 7 day MA went over the 21 day MA seemingly signaling that a bullish push was information. An ascending trend line further provided support for the northward rally. TRX Forecast An engulfing bearish candlestick may signal that the bulls have lost their strength and the price may be headed south for support at the ascending trend line (0.02562).In the short term, traders can go long if the price bounces back from the ascending trend line and go short if this support level is breached. XLM/USD XLM has gained 13% over the last 24 hours to achieve a new high of 0.091125. This upsurge came after an intense period of consolidation that lasted for a couple of days. During this consolidation phase, resistance levels were at 0.08129750 and support at 0.07830150. This range was breached on the upwards and the resistance levels briefly acted as the new support levels before the bulls rallied further. Currently, an ascending trend line seems to be providing solid support for the bulls. There is a considerable margin between the 7 day MA and the 21 day MA as the bulls are pushing the price further up. XLM Forecast In the short term, we foresee a continuation of the rally as new highs are achieved. The ascending trend line should provide critical support levels for the bullish run. Traders can go long once the price bounces back from the support levels provided by the trend line. The post EOS, XLM and TRX Record New Highs in Bullish Rally appeared first on ZyCrypto.

16 hours ago

Ethereum (ETH) Price Analysis: Afri Quits, Will Bulls Fizzle Out?

Ethereum prices up 21.6 percent in the last week Afri Schoedon quits Ethereum after Polkadot, Serenity comparison Transaction volumes picking up Compared to other coins in the top 10, Ethereum (ETH) is leading the bulls procession. Changing hands at around $150, we expect ETH bulls to gain ground ahead of Constantinople. Ethereum (ETH) Price Analysis Fundamentals Blockchain-based projects are unique and special. A genuinely decentralized network will have a healthy mix of developers, investors, and speculators. All of them will contribute in one way or another. Everything else constant, the success or failure of a project depends on the number of dedicated developers. Afri Schoedon, the Ethereum core coder, was one of them. Due to online criticism, he announced his decision of stepping aside and in days ahead would “no longer respond on Gitter, Skype, Discord, Slack, Wire, Twitter and Reddit” directly to any member of public on technical questions or improvement requests regarding Ethereum. In a tweet, the quitting Ethereum servant said: “I did not quit social media, I quit Ethereum. I did not go dark, I just left the community. I am no longer coordinating hard-forks, building testnets, or contributing otherwise. I did not work on Polkadot, I never did, I worked on Ethereum. I did not hate Ethereum, I loved it.” Critics started pouring thanks in part to his honest comparison on Thursday last week between Polkadot, a multi-frame network that supports interoperability between wildly different blockchains and Serenity, a scaling solution proposed by Ethereum. Candlestick Arrangement At the time of writing, ETH is up 21.6 percent in the last week. Despite Afri quitting, bulls are resilient, and prices are trending at new highs at the back of decent volumes. Although ETH is technically bearish unless of course prices breach the $170 ceiling, we shall retain a bullish outlook in days to come. It is easy to see why. Firstly, ETH is up above the $135 resistance level, and in a minor breakout pattern, these upswings did confirm bulls of Feb 8 which in turn validate price gains of mid-Dec 2018. Secondly, ETH found support at around the 78.6 percent Fibonacci retracement level, and as Fibonacci reversal rules dictate, ETH bulls will likely pump prices towards $170- a critical resistance level. Combined with fundamental reasons as Constantinople, we may see a situation where the march towards $170 will hasten. Technical Indicators There is a remarkable shift of momentum and as aforementioned, confirming price swells of Feb 18 are high volumes-520k, exceeding those of Feb 8-519k. While bullish, market participation levels are lower than those of Jan 10-684k. Therefore, it is imperative that ETH bulls surge above $160 for a complete reversal of Jan 10 losses in a three-bar bull reversal pattern as prices bottom-up from $100 pits. The post Ethereum (ETH) Price Analysis: Afri Quits, Will Bulls Fizzle Out? appeared first on NewsBTC.

16 hours ago

Celsius Joins Forces with Monarch and Infinito to Allow Clients to earn Interests on their In-Wallet Cryptos

Celsius has announced a strategic deal with Monarch and Infinito, aimed at making it possible for users of their cryptocurrency wallet to earn a whopping 3 to 7 percent interest on saved digital assets. The partnership is aimed at making life easier for cryptocurrency investors in this bear market and enables them to hold onto their digital assets. Determined to eliminate all the challenges that come with the traditional banking system, Celsius wallet pays users an impressive 3-7 percent annually, sent on a weekly basis to hodlers of established digital assets. Over the last six months, Celsius has consistently fulfilled its promise to users, making it the number one interest earning platform for cryptos. A New White Label Solution Now, with the latest partnership with Monarch, users of the platform can earn significant interest in their crypto holdings through the savings account feature. Just like on the Celsius platform, users of Monarch will now be able to earn from 3 to 7 percent annually and they will receive the payments into their wallets every week. The Celsius Advantage It’s worth noting that no other bank or even crypto platform provide the same interest rates to users. That’s not all, unlike banks or other crypto platforms where users are mandated to lock up their funds for long periods, Celsius users can withdraw their funds at any time. Celsius also pays depositors as much as 80 percent of its revenues, while maintaining an unprecedented level of transparency in the way funds are used. Commenting on the development, Monarch CEO, Robert Beatles said that: “Monarch’s mission is to empower people to control all aspects of their finances from the palm of their hand. This partnership is an amazing win for the crypto industry. We can all agree the current banking system has failed us all. Celsius has honoured us in partnership, and we look forward to bringing power back to the people together.” Celsius services will also go live in the Infinito App Square this February and users will begin earning interest on their crypto holdings from Q2 2019. “Many crypto services lend out clients’ funds without giving proper notification and distribute meager returns on those funds. We hope these partnerships set a new industry precedent in digital finance,” said Alex Mashinsky, CEO of Celsius Network. Website: https://celsius.network/ Twitter: https://twitter.com/celsiusnetwork Facebook: https://www.facebook.com/CelsiusNetwork/ LinkedIn: https://www.linkedin.com/company/celsiusnetwork The post Celsius Joins Forces with Monarch and Infinito to Allow Clients to earn Interests on their In-Wallet Cryptos appeared first on ZyCrypto.

16 hours ago

The Reason Why Bitcoin Futures Is Hot?

Since the depreciation of Bitcoin price, Bitcoin futures trading volume has been rapidly rising. Traders seem to find a way to earn back their loss form spot market. In addition, Bitcoin futures is a good method for investors to hedge against the unbelievable rising or falling in Bitcoin price at the past 2 years. “In the past 2 years, we realized the opportunity base to the sustained growth of daily volume,” said Mike Bush, the experienced traders from Bexplus exchange. “As the increase of the supply and demand, the volume of Bitcoin futures has been rising rapidly.” Compared to Spot trading, Bitcoin futures has the advantage that traders can hedge the Bitcoin price despite the rising or falling, Wade said: “One of the reasons why Bitcoin future has high demand is because the futures and spot market has a tight relationship” Due to the regulation and hacking problem, the cryptocurrency market, especially for the altcoins were excessive volatility and faced to the billions of missing in value. The bitcoin price has reached to the highest price of $20000 in December 2017, However, after that, it fell down to $8000 in March and $3900 at present. From the beginning of 2018, the Bitcoin futures become globally which attracted millions of investors outside the U.S., Wade said, It is a great tool to transfer the risk because of the individual liquidity. It can help traders to make a tight bid-ask spread by multiple strategies for managing the risk. “the advantages of futures market are that traders have a chance to gain profit by the price movement and the price are more transparency.”Wade said, “There is a disadvantage that the futures market can easily lack liquidity, However, after supporting exchange, Bitcoin futures become more stable and traders do not need to worry about liquidity. Bexplus exchange has adequate liquidity pool which supported by the professional and powerful banker. It provides a great trading environment to all traders.” The Bexplus Cryptocurrency futures contract is better designed because the contract value is smaller which need lower margin requirement. Wade said: ”Although the interesting of trading Bitcoin futures fell down in past few months, more of the price falls down, more trader will get into the market. The falling prices attract to some traders. People used to think that Bitcoin price would rise forever without limited, but this situation is gone. People are getting more attracted by Bitcoin futures.” The Bitcoin spot market requires traders to believe that the price will go up eventually. Says Wade, However, the futures market allows traders to go long or short. “Traders can not only see upside but also consider the price will fall down in the future,” He said, “However, In the spot market, the trader, or we can say the coin collector believe the price will appreciate at last. ” Most of the traditional traders from Wall Street are interested in Cryptocurrencies because it has the potential for hedging against systemic risk. Cryptocurrencies can transfer peer to peer form different parties in a short time. The fast transfer speed and confirmation provide a more free environment to the institutional buyers who trade a futures contract. Cryptocurrencies have a unique market which has high volatile. Wade said: ”It has big opportunities in this market.” Bexplus is a world-leading derivative platform in cryptocurrency area, which aims at providing advanced financial services to global investors of futures trading by using blockchain technology. At present, Bexplus offers perpetual contracts on BTC, ETH, LTC futures trading with up to 100x leverage, and more altcoins futures will be listed in the platform in the future. Bonus Part: Don't forget to Register with invitation code 8y7Xx to acquire a 10% OFF charge fee. Bexplus activities: New upgraded Bonus Activity: Deposit Activity to Earn 100% BTC Cashback To deposit BTC in the Bexplus account, you can earn a 100% BTC bonus, which can also be used to trade futures contracts. The more deposit, the more bonus you will get. You can get up to 10 BTC as a bonus! Read more: https://www.bexplus.com/en/cash_back Invite Friends to Register to Get 30% Commission Invite friends to register and trade in Bexplus, you can get 30% of your invitees’ transaction fee. In addition, both you and your invitees can enjoy 10% OFF service charge. Read more: https://www.bexplus.com/en/account/activity_show Before you trading cryptocurrency futures contract, suggest you understand more about it. You can also try it in the Bexplus trading simulator with 10 BTC preset and enjoy the fun of making a great profit more easily. Follow Bexplus on: Website: www.bexplus.com Facebook: https://www.facebook.com/Bexplusglobal/ Telegram: https://t.me/bexplusexchange Reddit: www.reddit.com/u/bexplus For Business cooperation: business@bexplus.com

16 hours ago

Tron Burns a 9th Batch of ERC20 TRX Tokens, Bringing the Total to 99 Billion Destroyed

The Tron Foundation through its CEO, Justin Sun, announced that they had carried out the ninth ERC20 TRX token burn. The coin burn involved 339,707,697.730671 TRX tokens thus bringing the foundation closer to destroying all the ERC20 tokens issued during the token sale in 2017. Justin’s tweet making the announcement can be found below. #TRON completed the 9th #ERC20 token coinburn of 339,707,697.730671 $TRX, we welcome the supervision from our supporters and believers. https://t.co/V9COyasZSM pic.twitter.com/L0ZOYzIpmH — Justin Sun (@justinsuntron) February 19, 2019 Still 941.554 Million ERC20 TRX Tokens to Go A token burn is simply sending a specified amount of tokens to an irretrievable address. The Tron Foundation has on all occasions provided the transaction on Etherscan so the investor and crypto communities can track the address and amounts sent to it. The ninth token burn brings the total tokens destroyed to 99,058,445,277.7. This is 99% of the tokens issued during the ICO thus leaving 941,554,722.3 ERC20 TRX tokens still in circulation (close to 1 Billion). The last 8 token burns were as follows. 49,490,749,752.120578 ERC20 Tokens - June 30th, 2018 8,277,069,772.160253 ERC20 Tokens - July 13th, 2018 404,956,275.175006 ERC20 Tokens - July 17th, 2018 670,045,551.449388 ERC20 Tokens - August 27th, 2018 4,917,487,036.059613 ERC20 Tokens - September 13th, 2018 524,181,033.820172 ERC20 Tokens - November 1st, 2018 34,251,888,354.9 ERC20 Tokens - November 1st, 2018 182,359,804.286079 ERC20 Tokens - January 2nd, 2019 Exchanges That Support Permanent ERC20 Migration Earlier this month, the Tron website stopped supporting ERC20 token migration to the Mainnet. The service was initially discontinued on the 22nd of June last year but the Tron foundation extended its services to a new deadline of January 1st,2019. The latter date was extended once again till the 31st of January, 2019. Holders of the old ERC20 tokens who wish to convert them to TRX on the Mainnet need to visit exchanges that support permanent token migration. They include the following 3 exchanges as provided by the Tron foundation. Binance www.binance.com Gate.io www.gateio.io Max max.maicoin.com What are your thoughts on the ERC20 TRX token burn still going on almost 8 months after the Mainnet was launched? Will the process finally be complete? 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 Tron Burns a 9th Batch of ERC20 TRX Tokens, Bringing the Total to 99 Billion Destroyed appeared first on Ethereum World News.

17 hours ago

Tron Burns a 9th Batch of ERC20 TRX Tokens, Bringing the Total to 99 Billion

The Tron Foundation through its CEO, Justin Sun, announced that they had carried out the ninth ERC20 TRX token burn. The coin burn involved 339,707,697.730671 TRX tokens thus bringing the foundation closer to destroying all the ERC20 tokens issued during the token sale in 2017. Justin’s tweet making the announcement can be found below. #TRON completed the 9th #ERC20 token coinburn of 339,707,697.730671 $TRX, we welcome the supervision from our supporters and believers. https://t.co/V9COyasZSM pic.twitter.com/L0ZOYzIpmH — Justin Sun (@justinsuntron) February 19, 2019 Still 941.554 Million ERC20 TRX Tokens to Go A token burn is simply sending a specified amount of tokens to an irretrievable address. The Tron Foundation has on all occasions provided the transaction on Etherscan so the investor and crypto communities can track the address and amounts sent to it. The ninth token burn brings the total tokens destroyed to 99,058,445,277.7. This is 99% of the tokens issued during the ICO thus leaving 941,554,722.3 ERC20 TRX tokens still in circulation (close to 1 Billion). The last 8 token burns were as follows. 49,490,749,752.120578 ERC20 Tokens - June 30th, 2018 8,277,069,772.160253 ERC20 Tokens - July 13th, 2018 404,956,275.175006 ERC20 Tokens - July 17th, 2018 670,045,551.449388 ERC20 Tokens - August 27th, 2018 4,917,487,036.059613 ERC20 Tokens - September 13th, 2018 524,181,033.820172 ERC20 Tokens - November 1st, 2018 34,251,888,354.9 ERC20 Tokens - November 1st, 2018 182,359,804.286079 ERC20 Tokens - January 2nd, 2019 Exchanges That Support Permanent ERC20 Migration Earlier this month, the Tron website stopped supporting ERC20 token migration to the Mainnet. The service was initially discontinued on the 22nd of June last year but the Tron foundation extended its services to a new deadline of January 1st,2019. The latter date was extended once again till the 31st of January, 2019. Holders of the old ERC20 tokens who wish to convert them to TRX on the Mainnet need to visit exchanges that support permanent token migration. They include the following 3 exchanges as provided by the Tron foundation. Binance www.binance.com Gate.io www.gateio.io Max max.maicoin.com What are your thoughts on the ERC20 TRX token burn still going on almost 8 months after the Mainnet was launched? Will the process finally be complete? 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 Tron Burns a 9th Batch of ERC20 TRX Tokens, Bringing the Total to 99 Billion appeared first on Ethereum World News.

17 hours ago

HSBC Finds Success With Blockchain

HSBC Bank plc are one or the largest banks and financial service providers in the world. HSBC are renowned, with bases across a network of banks and branches in 80 countries. It’s no surprise then, that given their notoriety, HSBC have been exploring the realm of blockchain technology, according to some reports, this has been met with a great level of success. With such a huge bank tapping into blockchain technology, it’s nice to speculate what might come as a result of a full HSBC adoption of the blockchain. Given their huge customer base and international reach, if HSBC’s institutional and retail customers learn that HSBC are using blockchain technology, perhaps they will go on to explore it too. HSBC Blockchain This branch of their blockchain exploration focuses on using a blockchain based platform to reduce the cost of foreign exchange (FOREX) trades. The system is known as FX Everywhere and handles a huge amount of trades per day, with an estimated value of around $350 billion. By using blockchain technology, the FX Everywhere platform is able to handle a huge amount of transactions and is able to confirm/authenticate them, giving HSBC the chance to automate the process and also save a lot of money in the process. Transaction fees are down, and so is the level of human interaction needed. According to reports, FX Everywhere isn’t yet fully blockchain based, so a number of transactions are still made within a more traditional analogue system, though with this in mind, thanks to the blockchain section of the platform, HSBC have confirmed that they have reduced the costs of settling foreign exchange transactions by 25%, a very significant saving all things considered. According to RTTNews: “In mid January, HSBC had reported that it settled $250 billion worth of forex trades using blockchain since February last year. HSBC settled over 3 million forex trades and made over 150,000 payments using the distributed ledger technology.” Overall this is a very exciting development. Now HSBC have proven that the blockchain can help improve their FX Everywhere service, we should expect to see a blockchain overhaul take place, allowing more advanced blockchain technologies to be integrated within many of HSBC’s operations. This eventually could lead to partnerships with major cash settlement blockchain firms, such as Ripple or even Stellar.

17 hours ago

Why Bitcoin needs cash (and is not a byproduct of the cashless society)

The beauty of Bitcoin is best reflected in the lack of a canonical narrative that everyone must believe and profess. People coming from all sorts of backgrounds can find different uses and meanings for Satoshi’s invention, and the idea of money that isn’t issued by a central government (and also cannot be confiscated or censored) should be appealing to individuals regardless of their values and ideological beliefs. Nevertheless, this article aims to make a rather controversial point about Bitcoin: in order for it to exist and prove its virtues, it constantly needs an arch nemesis which has the exact opposite features - and this nemesis is best embodied by inflationary governmental money. Also, an argument against the dream of living in a cashless society is to be presented. The main criticism of this concept is that its features are Orwellian in terms of removing privacy and eliminating surveillance. Furthermore, if fungibility and privacy are to be removed from all monetary transactions, then we might as well surrender our liberties to the arbitrary chains of Big Brother (or else start a new revolution). At this point in its development, Bitcoin is neither ready to handle all of the world’s economic activities, and nor is it fungible or private. Also, given its fundamental cypherpunk origins, we should regard BTC as a hedge against abusive governments and a way to protect private property worldwide, rather than as a quick way to settle payments. Early bitcoiners who got in for the low fees and instant transaction insertion into the following blocks may disagree and point out to the title of the whitepaper (a peer to peer electronic cash system), but there is really poor scalability in that model of decentralization is deemed as the fundamental value. Why Bitcoin needs cash to exist Right now, the most private and convenient Bitcoin transactions are made via cash exchanges in person. Meeting with someone face to face in order to exchange $3900 (the approximate price of one BTC at press time) for one piece of unconfiscatable and uncensorable digital gold is an ideal scenario where greedy third parties are eliminated. Certainly, this kind of exchange requires trust in the other person and should ideally be made in a public place to avoid inconveniences. Conversely, this approach removes KYC data-hungry entities and fee-collecting intermediaries from the equation - which is a benefit in itself. If you also use wallets like Samourai or Wasabi, then you also get an increased layer of on-chain privacy that will obfuscate your transaction and make it hard to find out to whom you are sending your coins. Cash (defined as paper or plastic money that you keep in your wallet) is still more useful in day to day transactions because it’s fungible and private: nobody will care that your $10 bill once belonged to Brad Pitt, and this piece of trivia won’t increase its value on the market; likewise, you can make purchases without letting anyone know what your full name is and where you live (something which online purchases have taken away from us). Furthermore, there are millions of shops and merchants that still have trouble accepting credit cards and would rather take the folded bills in your pocket. If you go shopping in the countryside, lesser developed regions, or even small farmer’s markets, you shouldn’t expect to find quick internet connections and people who are aware of the qualities of sound money. This is where cash comes in handy, and this is something that most likely won’t change in our lifetime. Now let’s scrutinize the arch nemesis argument (that deals more with the “fiat” side of the debate, which also includes cash): in order for Bitcoin to prove its usefulness and advantages over government-issued money, then fiat needs to continue to exist and be managed by short-sighted man-made law. At this point, Satoshi’s invention is still young and has yet to demonstrate its capability to withstand attacks (both social and hash-related) while providing a predictable and stable monetary policy. The fact that various actors in the Bitcoin space demand for an increase of the supply, removal of the halving moments, or even a radical change of the game theory via block size reduction is proof that we aren’t witnessing full maturity and people have yet to agree on the long-term model. Inevitably, we will constantly compare Bitcoin with a relevant fiat currency (such as the US dollar and the euro) in order to determine performance over time and the extent to which the king of cryptocurrencies lives up to the expectations. Since Satoshi launched his invention as a response to the global financial crisis of 2008 and 2009, it’s going to be interesting to see if BTC truly flourishes in the economic environment that it was created to counter. The next recession (or even depression) is the true global test for Bitcoin, as both the technology and its advocates become scrutinized by the financial decisions of billions of disill

19 hours ago

Litecoin Massively Outperformed Bitcoin Since November Sell-Off By 4x

Investors who purchased Litecoin during the significant November 2018 sell-off earned four times more returns than the investors who bought Bitcoin, highlighted Joe McCann. The financial expert, who serves as the head of systematic trading at crypto asset management firm, Passport Capital, calculated the returns made by the “silver cryptocurrency” from its three-month low to its three-month session high. He found that between November 14, 2018, and February 18, 2019, bitcoin price recovered up to 25.19 percent from its session low. On the other hand, Litecoin corrected as high as 118.67 percent within the same timeframe. Bitcoin vs. Litecoin | Source: Joe McCann Twitter Profile “Looking at how LTC had outperformed BTC since the epic selloff on November 14th, 2018, we can see that LTC has outperformed BTC by better than 4:1 from the current cycle low to the current session high,” McCann stated. Looking at how #LTC has outperformed #BTC since the epic selloff on November 14th 2018, we can see that LTC has outperformed BTC by better than 4:1 from current cycle low to current session high. As mentioned before, LTC has historically led BTC rallies... pic.twitter.com/AkAN6GPf8j — Joe McCann (@joemccann) February 18, 2019 Altcoins Lead Bitcoin Rally McCann also called attention to the correlation between Bitcoin and Litecoin over the years. He claimed that Litecoin historically led the Bitcoin rallies, hinting that the altcoin’s latest upside moves could prompt an extended bullish momentum in the BTC market. As of 0900 UTC, the BTC-to-USD exchange rate was trending near $3,944, which is its best since January 11. According to CoinMarketCap.com 24-hour price calculator, the pair has surged a little over 5 percent. On the other hand, Litecoin has jumped close to 8 percent within the same time. However, it cannot be said that Litecoin gains could benefit Bitcoin. It could have been possible when the altcoin was among the few projects that competed with bitcoin. But now, the altcoin market is overpopulated with cryptocurrencies that could allow traders to swap their LTC positions for coins other than BTC. Galaxy, a Twitter-based cryptocurrency analyst with 48.4k followers, said that it was the entire altcoin market that was leading the ongoing bitcoin rally. It predicted that BTC dominance rate would breakdown in 2019 while the market will enter a so-called altseason. 1. Build up $BTC domination 2. Breakdown 3. Altseason 4. Rinse and repeat. Furthermore, looks like the weaker the dominance uptrend the longer the altseason and so far this one is the weakest. Expecting dominance to fall under 30% and the longest altseason to date. #crypto pic.twitter.com/eabtk6rGG9 — Galaxy (@galaxybtc) February 18, 2019 So far, some of the top coins have indeed outperformed bitcoin in terms of a rebound. Ethereum, the world’s second largest cryptocurrency, posted a 90-day surge of 10 percent. Similarly, Tron’s TRX surged 81 percent, Binance’ BNB jumped 62.46 percent, and even Bitcoin SV’s BSV leaped 30 percent. At the same time, bitcoin’s 90-day performance was at a negated 13 percent. 90-Day Crypto Performance | Source: OnChainFx.com Would Bitcoin Fall Behind? It is unlikely for altcoins to displace Bitcoin from its top position despite its weak dominance scenario. The world’s leading cryptocurrency is running ahead of its clone projects in terms of institutional adoption. Its fundamentals are the strongest for 2o19, thanks to regulators’ likelihood of approving its trading derivatives. BlockTower’s Ari Paul said that cryptocurrencies couldn’t match up to the supremacy of bitcoin by just adding features or with incrementally better transactional throughput. A.T. Kearney, a management consulting company, also claimed that bitcoin would reserve its dominance on the crypto market. In the firm’s opinion, the bitcoin dominance rate could even go up to 66% in the future. The post Litecoin Massively Outperformed Bitcoin Since November Sell-Off By 4x appeared first on NewsBTC.

19 hours ago

Litecoin Price Prediction: Is LTC Going to Break Above $50, or Will It Make a Double Top?

Long-Term Outlook Litecoin Weekly Chart - Source: Tradingview.com A look at the Weekly chart for Litecoin shows that the price of LTC/USD is currently trading within the major resistance area found near $50, formed by previous support. Price is currently trading at $49.6. The major support area is found at $26-$29. The RSI has moved upward over the past month and is currently at 50. After a long period of bullish divergence, the MACD is moving upward with strength but is not positive yet. Price has finally moved past the 200 period moving averages and is trying to find support above it. Medium-Term Outlook Litecoin 3-Day Chart - Source: Tradingview.com A look at the 3-day chart shows that price is currently above the 21 and 50-period moving averages and within the negative Ichimoku cloud. The RSI is moving upward with strength, and there is no bearish divergence yet. After a long period of bullish divergence, the MACD has turned positive. Furthermore, the 21 and 50-period moving averages are very close to making a bullish cross. Litecoin Daily Chart - Source: Tradingview.com A look at the Daily chart gives us the first signs of short-term weakness. First, the price has moved past the 200-period moving average and the Ichimoku cloud. The 21 and 50-period MAs have made a bullish cross and are both moving upward. The MACD also seems to have rejected a bearish cross. However, there is significant bearish divergence occurring in both the RSI and the MACD. The daily timeframe also gives us two minor support areas. The first one is found near $42 and the second one near $35. Short-Term Outlook and Price Prediction Litecoin 6-Hour Chart - Source: Tradingview.com A look at the 6-hour shows us an even more pronounced bearish divergence in both the RSI and the MACD, solidifying the conclusions found in the Daily chart. While there is no clear structure in which price is trading in, it seems like it wants to create a type of double top pattern. Litecoin Price Prediction: I believe that price will make a double top pattern and fail to break the resistance area near $50. During the week, the price will fall back to the support area near $42. Conclusions: Price has moved past the 200-day moving average. Price is inside the long-term resistance area near $50. Price is facing short-term bearish divergence. Latest Litecoin News: Ethereum Vs Litecoin Price Action - ETH Leads the Way for Top Cryptocurrencies Litecoin Lightning Network Transactions Go Live on CoinGate DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Litecoin Price Prediction: Is LTC Going to Break Above $50, or Will It Make a Double Top? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

19 hours ago

XRP Price Surges to $0.335 as Traders Expect Major Momentum

With plenty of bullish market momentum still in place, today is shaping up to be another great day. Surprisingly, it seems the momentum surrounding Ethereum has shifted to XRP a bit. Following some very strong gains, the XRP price continues to rise and could even hit $0.35 this week. There is also a small uptrend in XRP/BTC, which will please a lot of speculators. XRP Price Momentum Picks up Steam Yesterday was a bit of an odd day for the XRP fans. Although Bitcoin and Ethereum showed plenty of bullish momentum, Ripple’s native asset saw very little change, all things considered. It now appears Ethereum is taking a bit of a break, whereas the value of XRP is moving up all of a sudden. A very interesting development, given the circumstances, but one that will keep people engaged for some time to come. To put this in perspective, the past 24 hours have been very positive for the XRP price. Following a fresh 7.1% gain, the USD value per XRP has now risen to $0.335668. In terms of XRP/BTC, things are finally moving up once again. Although the 2.8%$ increase is not necessarily very spectacular, it does bring the overall ratio back to 8,513 Satoshi. Positive trends all across the board. On social media, it is evident there is a lot of excitement. Whether or not that is misguided sentiment, will have to become apparent in the coming days. TheCryptoArtist claims Bitcoin has officially entered its next bull run. That also means all other markets, including XRP, will have a good time in the next few weeks. Ladies and Gentlemen, and Children of all ages...it is with GREAT pleasure, that I announce to you, that on this day, 2/19/2019, Bitcoin broke through the pattern, and began its next BULL RUN !!! #bitcoin #XRP #TRX #IOST #notfinancialadvice #DYOR pic.twitter.com/yfURECKS7N — TheCryptoArtist (@TheCryptoArtis1) February 19, 2019 Dark Horse Rider sees things in a different spotlight, although he also remains very bullish. More specifically, this user claims XRP will only go forward. That remains to be determined, as there is always a chance the entire ecosystem will fall apart. While no one genuinely hopes to see that happen, it is a possibility that can never be ignored. The prospect of future gains should never make investors or speculators blind to the potential risks. "If you can’t fly then run, if you can’t run then walk, if you can’t walk then crawl, but whatever you do you have to keep moving forward.” - Martin Luther King, Jr.@Ripple and #XRP can only go forward. I wish him to fly!#XRPTheStandard #XRPCommunity #XRPTheBase pic.twitter.com/qNKbhGzLth — Dark Horse Rider (@DarkHorseXRP) February 19, 2019 For those who are mainly interested in the actual XRP price chart, it quickly becomes apparent anything can happen. The XRP/USD ratio has seemingly completed its head and shoulder pattern which should result in further upward momentum. Reaching the $0.6 level may not necessarily happen anytime soon, but it is a potential long-term target for investors to keep an eye on. It's time to watch for #XRP/USD. Have a look at the weekly chart - H&S is complete and now it's at the end of Apex. The magenta has to be broken first. The orange line is 50 week MA at $0.61. #Ripple [19-Feb-2019] pic.twitter.com/bF48Uz4yRn — Mihir Naik (@MihirNaik19) February 19, 2019 All things considered, it would appear the XPR momentum is finally heating up a bit. When even this market turns bullish and follows the overall trend, an interesting few days lie ahead. While the overall crypto trading volume continues to rise, all it would take is one bit of negative mainstream media news to create another downfall. For now, such news bits have remained elusive, but it is apparent one of them will show up sooner or later. 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. Image(s): Shutterstock.com The post XRP Price Surges to $0.335 as Traders Expect Major Momentum appeared first on NullTX.

19 hours ago

Coinbase Acquired Blockchain Analytics Startup, Aims To Become ‘Google of Crypto’

One of the largest cryptocurrency exchange, Coinbase has recently signed yet another acquisition deal with blockchain startup. The latest acquisition of the blockchain intelligence startup, ‘Neutrino’ will help Coinbase determine the best performing crypto assets. Coinbase Acquired Neutrino Reports claimed that the Neutrino deal by Coinbase is an undisclosed acquisition. Per the agreement, this week, eight employees from Neutrino team will move to Coinbase’s London office. The firm is basically based out in Italy, providing insights and information on the crypto assets by tracking the data. Besides this, the firm also focuses on analyzing and tracking stolen digital assets, ransomware and as such other dark web activities. The kind of data would help Coinbase determine what best fits for exchange and meantime, help secure its platform from darknets acts. In a deal announcement released today, on Feb 19, 2019, Varun Srinivasan, the Coinbase’s engineering director says that ‘Neutrino’s technology is the best we’ve encountered in this space’. By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors. It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations. Becoming Google of Crypto Moreover, addressing to the other sources, Neutrino’s presence across Europe would help Coinbase build up a good connection across European regions. Although the Neutrino is more of analytics, Srinivasan prefers calling the platform as ‘blockchain intelligence than ‘analytics’. Moreover, he says; “They’ve done a really good job of building up in the European market. But we want to bring them to the American market and the international market and introduce them to companies that are doing all kinds of things with crypto that need blockchain intelligence.” With the analysis startup deal in Coinbase’s favor, the exchange is likely to find the ultimate tips to implement on a platform. In a nutshell, Srinivasan expressed the mission statement of Coinbase and says that Coinbase aims to become ‘the Google of Crypto’ following ‘many different products’ within the box. He says that; “If we see a really great team that’s built a really great product, like Neutrino, for example, you’ll see us go out and talk to them and try to bring them into the Coinbase family to extend the suite of products that we have,” Furthermore, the official announcement welcome Neutrino team by adding; Neutrino will continue to operate as a standalone business based out of our London office. We’re excited to welcome them to the Coinbase family! The post Coinbase Acquired Blockchain Analytics Startup, Aims To Become ‘Google of Crypto’ appeared first on Coingape.

20 hours ago

Coinbase Acquired Blockchian Analytics Startup, Aims To Become ‘Google of Crypto’

One of the largest cryptocurrency exchange, Coinbase has recently signed yet another acquisition deal with blockchain startup. The latest acquisition of the blockchain intelligence startup, ‘Neutrino’ will help Coinbase determine the best performing crypto assets. Coinbase Acquired Neutrino Reports claimed that the Neutrino deal by Coinbase is an undisclosed acquisition. Per the agreement, this week, eight employees from Neutrino team will move to Coinbase’s London office. The firm is basically based out in Italy, providing insights and information on the crypto assets by tracking the data. Besides this, the firm also focuses on analyzing and tracking stolen digital assets, ransomware and as such other dark web activities. The kind of data would help Coinbase determine what best fits for exchange and meantime, help secure its platform from darknets acts. In a deal announcement released today, on Feb 19, 2019, Varun Srinivasan, the Coinbase’s engineering director says that ‘Neutrino’s technology is the best we’ve encountered in this space’. By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors. It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations. Becoming Google of Crypto Moreover, addressing to the other sources, Neutrino’s presence across Europe would help Coinbase build up a good connection across European regions. Although the Neutrino is more of analytics, Srinivasan prefers calling the platform as ‘blockchain intelligence than ‘analytics’. Moreover, he says; “They’ve done a really good job of building up in the European market. But we want to bring them to the American market and the international market and introduce them to companies that are doing all kinds of things with crypto that need blockchain intelligence.” With the analysis startup deal in Coinbase’s favor, the exchange is likely to find the ultimate tips to implement on a platform. In a nutshell, Srinivasan expressed the mission statement of Coinbase and says that Coinbase aims to become ‘the Google of Crypto’ following ‘many different products’ within the box. He says that; “If we see a really great team that’s built a really great product, like Neutrino, for example, you’ll see us go out and talk to them and try to bring them into the Coinbase family to extend the suite of products that we have,” Furthermore, the official announcement welcome Neutrino team by adding; Neutrino will continue to operate as a standalone business based out of our London office. We’re excited to welcome them to the Coinbase family! The post Coinbase Acquired Blockchian Analytics Startup, Aims To Become ‘Google of Crypto’ appeared first on Coingape.

20 hours ago

Crypto Tax Calculator CoinTracking.info Rolls Out Ease-of-use Upgrades

If you trade cryptocurrency, reporting your gains or losses at tax time is not only a smart thing to do- it’s a must. If you earned a profit, failing to disclose it will come back to haunt you later. At the same time, you could be eligible for a tax rebate if your 2018 trading activity resulted in a net loss. The latest update to the most powerful crypto tax calculator on the market makes it even easier to use, no matter what your level of experience is. The addition of new accounting methods, improved API support, streamlined deposit/withdrawal reconciliation and a new IRS form 8949 attachment option are just a few of the latest changes. All of the updates listed below are already live. Create a free CoinTracking account today and test out the new features for yourself. CoinTracking.info: the tool of choice for cryptocurrency CPAs Crypto Tax Girl Laura Walter is just one of several CPAs that prefer CoinTracking. The reason: it’s simply the most powerful and most versatile crypto tax tool available. “I have tried over 20 different crypto tax softwares, and CoinTracking is the best by far. I have used CoinTracking to prepare crypto gain & loss reports for over 100 clients, and it has been able to handle every type of trader. I have worked with clients who have just a couple hundred trades, and I have worked with clients who have over 100,000 trades. I have worked with clients who have complete and perfect data and some who have lost half of their data or aren’t able to access it anymore, and CoinTracking has worked for all of them. And in addition to being able to create the gain & loss reports for taxes, CoinTracking also provides useful reports on unrealized gains & losses, current holdings, balances per exchange, etc. that I use frequently for tax planning purposes in order to help my clients minimize their tax liability now and in months and years to come.” - Laura, Founder of Crypto Tax Girl Here is a brief overview of few of the latest updates to the software. Hassle-free data management Calculating how much you owe in taxes can get complicated fast- particularly if you deposited gifts, mining rewards or payments for services into the same cryptocurrency wallet that you use for placing trades. If your income isn’t correctly labeled, your return won’t make sense. Easier deposit/withdrawal reconciliation If you use your crypto wallet for more than just trading cryptocurrencies, you have to go back and identify each time you deposited mining rewards and any other type of crypto income before you submit. This can be a big hassle, particularly if you haven’t been keeping track as you go. Here is a brief overview of few of the latest updates to the software. Hassle-free data management Calculating how much you owe in taxes can get complicated fast- particularly if you deposited gifts, mining rewards or payments for services into the same cryptocurrency wallet that you use for placing trades. If your income isn’t correctly labeled, your return won’t make sense. Easier deposit/withdrawal reconciliation If you use your crypto wallet for more than just trading cryptocurrencies, you have to go back and identify each time you deposited mining rewards and any other type of crypto income before you submit. This can be a big hassle, particularly if you haven’t been keeping track as you go. A new tool called Missing Transactions lets you instantly identify any outstanding deposits or withdrawals without using a spreadsheet. All you have to do to reconcile your deposits and withdrawals is connect your crypto wallet or exchange account to CoinTracking, import your data and run the report. Scan and eliminate duplicate transactions Another ease-of-use improvement is the addition of a new duplicate transaction checker called Duplicate Transactions. This tool scans all the data that you imported to see if you accidentally entered in a transaction twice. Even better API support One of the main reasons why professionals prefer CoinTracking is the fact that no other crypto tax calculator has better support for cryptocurrency exchange APIs. API data imports are more accurate than other data import methods, like CSV imports. Since exchanges often change their APIs, staying on top of those updates requires a level of commitment that competing crypto tax calculators lack. Bitfinex, HitBTC, and Binance are just a few exchanges that recently altered their APIs. Each API change was quickly met with an update to CoinTracking’s API import feature. In addition, CoinTracking recently added API support for Cobinhood, BitMex, itBit and several other exchanges. Less paperwork for US-based crypto traders Previously, US-based CoinTracking users had to export multiple 8949 forms if the number of trades that were placed exceeded the number of lines on the page. Now, you can opt to send in an attachment with your 8949 instead. This greatly reduces the amount of paperwork that you have to worry about when you do your taxes. Alternativ

20 hours ago

EOS: Block.one CEO issues rallying cry to the community as coin leads cryptocurrency surge

The company behind EOS, the fourth-largest cryptocurrency in the market, Block.one, has issued a rallying cry to the token’s community via their CEO Brendon Blumer’s message on Telegram. Titled “Great things take time”, Blumer spelled out his vision for EOS in the message. He started off by stating that operations cannot be pushed by a single team and multiple parallel teams need to be built for new products, without compromising the existing units. The message stated: “Great things take time; parallel teams need to be built to deliver new products without sacrificing the progress of existing business units, and that means hiring new people which comes with time limitations that can’t always be shortcut with capital.” He further mentioned that there has been a lot of hype within the community about upgrades and applications among others, and Blumer, as the CEO of the development company, does not want to employ a “short-sighted” approach to simply satisfy these unrealistic expectations, nor does he want to push products out for merely “commercial reasons”. Blumer also added: “The truth is, the EOS community’s justified excitement has led to unrealistic expectations to simultaneously deliver protocol upgrades, introduce revolutionary new mainstream consumer applications, and take responsibility for optimal decentralized governance. As we continue to grow, I as CEO, will not foster short-sighted hype designed to solely satisfy unsustainable expectations. Further and most importantly, I am not supportive of rushing unpolished products out the door for purely commercial reasons.” Blumer further said that Block.one could have gone dormant until their next development is introduced in the market. However, Blumer believes that it is his responsibility to inform the community of any advancements that B1 has made or will make. He added that this will enhance the culture and human resources of the organization, which is directly beneficial to the entire community. In his own words: “It would be easy for me to just go quiet until we release our next product, but communicating consistently with hundreds of thousands of people, while juggling the responsibility of corporate execution is an enormous task that can sometimes feel like trying to satisfy an impossible set of constraints. Remember, money doesn’t immediately solve all problems, and healthy growth of culture and Human Resources takes time and patience, but in the end it will increase the chances that B1 develops in a way that the community is rewarded, and proud of.” The announcement by Blumer, coupled with the bullish tendencies of the market, has shot EOS up by a staggering 23 percent against the US dollar and the coin is now trading at $3.60, up from $2.84 at the beginning of the week. The market cap of the coin now stands at $3.27 billion, with the coin adding a $350 million lead against Litecoin [LTC], which now has a market cap of $2.91 billion. Blumer concluded: “I’ve come accept that regardless of my determination and work ethic, I will not satisfy everyone, but whether you support me or not, you have my commitment that I’ll continue to test the boundaries of myself and the B1 team to deliver as much positive change and restoration of freedoms as possible; Dan too.” The post EOS: Block.one CEO issues rallying cry to the community as coin leads cryptocurrency surge appeared first on AMBCrypto.

21 hours ago

Watch Out Coinbase! How This New Exchange Is Going Right For The Jugular

As if the competition wasn’t fierce enough; we’ve seen this new and toddler-like crypto exchange space grow in every which way. Last year we saw Coinbase and Binance take on Robinhood; all of which are still offering incentives to join their ecosystem in a push for market dominance. One year later, we see traditional financial establishments wanting bigger pieces of the pie; investing in blockchain startups, buying up payment technologies, and even creating their own cryptocurrencies or “crypto-like currencies” to allow for smoother and transparent transactions. This is a big reversal from the sentiment on blockchain shared publicly by the likes of Jamie Dimon and Warren Buffett in years past. As Bitcoin passes it’s 10th birthday, each year seems to add on new developments and sweeping changes that have carved the crypto space into a much more refined and process-driven one that is quickly becoming unrecognizable from its guerilla-like infancy just a few years ago. And now all eyes are on this one very big disruptor in the online trading space who is making fast and big moves to become king before hundreds of billions of dollars in new money start to flow into this rapidly maturing space. Voyager (VYGR.V) just launched their Invest Voyager mobile app this past week after acquiring funding from private investments. About a week prior to the app going live, some major news was announced that got a lot of attention; Voyager was going public on the Toronto Venture Exchange (TSX.V) via a $60 million dollar reverse merger with UC Resources Ltd., a mineral exploration company. The move to go public, according to Voyager CEO Steve Ehrlich, is to tap the public markets for exposure to this important asset class and financial utility that is built upon the technology of the future. This move is a clear signal to the crypto and stock markets that Voyager has a strategy to establish legitimacy among crypto and traditional investors quickly and aggressively. With senior talent in place from E*Trade and founders of Uber running this aggressive strategy, can we expect to see more bold moves ahead that will push Voyager to the forefront of the crypto space and help to further legitimize crypto among hesitant stock market investors? Providing hesitant investors with trust is the golden ticket for any company seeking capital. Right now, with each day that cryptocurrency continues to trade, and with it’s infrastructure becoming faster, stable and more secure; on-the-fence investors are watching and waiting for the right signals and the right foundation in place to enter this exciting new market. But is that day almost here where billions of dollars of new money will flood the market from the traditional investors starting to trust this new asset class and it’s infrastructure? For Voyager, having stock market investors signals a desire to provide a level of comfort for that community and also serves as a point of entry to the market for those investors seeking a limited amount of risk to crypto-related investment now as the market provides a solution later. With Voyager on both sides of this front; both as a public stock entity and as a company that provides crypto trading services, they will have a direct tap into both communities, allowing the opportunity to bridge the gap. Move over Coinbase? Voyager also really wants you to be a crypto investor with them, and is continuing to offer $25 in Bitcoin just for signing up; a much more tantalizing offer than the $10 in free Bitcoin Coinbase offers only when you trade $100 in cryptocurrency. While you can also get a stock just for joining Robinhood, Voyager is giving you that $25 incentive that you can use to trade on their platform. Will this incentive and it’s desire to generate massive capital and become #1 pay off for the new exchange? Please comment below and tell us what you think! Marcus Henry is an American Journalist with over 10 years working in tech. He has been actively involved in the crypto community for the past three years and currently works out of Austin, Texas. He covers breaking news, exchanges, writes perspective pieces, reflections and conducts interviews with industry professionals and community members. Follow or contact Marcus Henry on Twitter- @MarcusHenryHODL

a day ago

Bitcoin Contributes 95% Of BitPay’s Business, CEO Confirms

Bitcoin payment processor BitPay conducts almost all its business using Bitcoin (BTC), its CEO has revealed in a marked U-turn on previous claims. BitPay Drops Bitcoin Bashing Speaking during a recent panel, Stephen Pair discussed the recent hard fork activity around the Bitcoin blockchain as a result of the Bitcoin Cash (BCH) split last November. “95 percent of our payments are done in Bitcoin,” he said quoted on social media by commentator StopAndDecrypt. While the figure itself is unsurprisingly, Pair’s advocacy contrasts dramatically with comments he made just two years ago. As StopAndDecrypt noted uploading videos of two appearances, at the Consensus conference in May 2017, BitPay appeared to want to abandon Bitcoin altogether. At the time, the likely alternative was already on the horizon; Bitcoin Cash launched two months later. “At BitPay, the Bitcoin blockchain has stopped working for us,” Pair said. ...We have a couple of options: one is we start using a fork of Bitcoin, the second option is we start using a fork of Bitcoin and the third option is we start using a fork of Bitcoin. Big change from 2 years ago: "I don't really see this as a question of forcing a minority to do something they don't want to do, it's more allowing people the option to go off on a fork. At Bitpay the Bitcoin (BTC) blockchain has stopped working for us." 95% of payments in BTC. pic.twitter.com/zXShXL9ysR — StopAndDecrypt (@StopAndDecrypt) February 19, 2019 Easy Come, Easy Go? Pair added that BitPay’s “bread and butter” two years ago was payments between $5000 and $20,000. As Bitcoinist has reported, fees for the Bitcoin network have decreased dramatically since the advent of BCH, leading to the suggestion from StopAndDecrypt that Pair’s aversion to the BTC network was due to its then higher transaction cost. Fast forward to this year, however, and the company is actively discouraging alternative cryptocurrencies from asking for its support. Pair continued: Over the years the Dogecoin fanatics... the Litecoin fanatics came after us; they all tried to bend social media to create this perception that their coin is the one and... is going to beat Bitcoin, and therefore you should accept it. On the top of BCH, he said BitPay would continue to support the legacy fork, Bitcoin ABC, over Bitcoin SV. “That’s not changing,” he commented. In January, major Bitcoin SV proponent Calvin Ayre publicly said he had stopped his businesses from using BitPay. BitPay has faced an increasing backlash over its business practices over the last year, with rival developers intent on putting it out of business using open source alternatives for businesses wishing to accept Bitcoin. 2018 became the company’s highest grossing year despite the Bitcoin price market, with revenue reaching $1 billion. What do you think about Stephen Pair’s comments on Bitcoin? Let us know in the comments below! Images courtesy of Shutterstock The post Bitcoin Contributes 95% Of BitPay’s Business, CEO Confirms appeared first on Bitcoinist.com.

a day ago

Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20%

CoinSpeaker Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20% In the last 48 hours, the cryptocurrency market is showing good signs of revival. The overall cryptocurrency market cap has surged by over $15 billion. At the press time, the overall cryptocurrency market cap is $134 billion. Bitcoin (BTC) and other top ten altcoins are showing great signs of recovery. At the press time, the world’s largest cryptocurrency has surged by 5.09% and trading at $3941 with a market cap of 68.9 billion. Thus, Bitcoin still continues to dominate over 50% of the overall crypto market. According to the data from Coin Dance, the USD trading volume on OTC Bitcoin trading platform has reached an all-time high. Last week ending Saturday, February 16, the trading volume on LocalBitcoins quadrupled in comparison to its previous week. In the second week of February, LocalBitcoins saw traders exchange $8.4 million worth BTC tokens. While in the last week, they exchanged $31.5 million worth BTC tokens. Also, according to CryptoCompare, most BTC trades have taken place against Tether (USDT) tokens or fiats. If the momentum continues, Bitcoin is likely to surge beyond the $4000 barrier. While that Bitcoin is showing good strength, other altcoins have also joined the party. On Monday, February 18, Ethereum led the market surge with over 10% gains in a single day. Even today, Ethereum (ETH) is doing pretty well. At the press time, ETH is nearly 8% up trading at a price of $148.8 with a market cap of $15.6 billion. On the other hand, XRP showing 8% gains today and trading at a price of $0.33. XRP continues to hold its third position with a market cap of $13.68 billion. EOS - The Show Stopper However, if there’s any cryptocurrency which is the show stopper for today, it’s EOS. The altcoin has surged over 20% to make its spot in the top five cryptocurrencies beating the likes of Bitcoin Cash and Litecoin. At the press time, EOS is the fourth most powerful digital currency trading at $3.62 with a market cap of $3.19 billion. Today’s massive gains in EOS price comes with its creator - Block.one - providing further clarity on its roadmap. Block.one CEO Brendan Blumer addressed a few concerns of the EOS community on his Reddit account. The EOS community has been eagerly waiting for the technology updates from the Block.one team. However, CEO Blumer has requested the community members to show more patience. Blumer stated: “Great things take time; parallel teams need to be built to deliver new products without sacrificing the progress of existing business units, and that means hiring new people which comes with time limitations that can’t always be shortcut with capital”. He also added: “the EOS community’s justified excitement has led to unrealistic expectations to simultaneously deliver protocol upgrades, introduce revolutionary new mainstream consumer applications, and take responsibility for optimal decentralized governance”. Blummer also stated that he can’t always be communicating about the progress hinting that he has a lot of tasks to be done for product development. Blummer also noted that he is likely to go silent until they release their next product. Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20%

a day ago

How to trade for profits in Bitcoin in this current cycle

One of the hardest things to do as a trader is not hitting the buy button, it’s hitting the sell button. Trading is about managing and discipline in yourself; more so than managing the charts. Now that we’re in a profitable zone, it’s even more difficult to sell when things look like they’re going to keep going up. But as a trader, you’re in this for the gains and to make profitable trades. You can HODL, but opening up profits with the goal of accruing more Bitcoin or cryptocurrency - or even fiat - is the most important for a trader or market speculator. In this video, I go through the how and when to take profits and how to manage the risks in Bitcoin and crypto in the current cycle. var tradingview_embed_options = {}; tradingview_embed_options.width = '640'; tradingview_embed_options.height = '400'; tradingview_embed_options.chart = '8MSA5HWL'; new TradingView.chart(tradingview_embed_options); Feb 18th - Bitcoin Daily Market Update + Risk Mgmt + Profit take by WolfpackCrypto on TradingView.com The post How to trade for profits in Bitcoin in this current cycle appeared first on Coin Insider.

a day ago

Ethereum Classic Price Gains 12% in Ongoing Push to $5

In the world of cryptocurrency, numerous projects try to mimic Bitcoin. This occurs either by copying its code or blatantly copying the Bitcoin name. In the case of Ethereum, its own forked currency has not been performing too well. In fact, the Ethereum Classic price has been all but forgotten about until this most recent uptrend began taking shape. Ethereum Classic Price Rises Sharply Although there was some initial excitement regarding Ethereum Classic, that has all but evaporated in the process. Not entirely surprising by any means, but it is evident this is not what the community had envisioned first and foremost. Even so, when it comes to making money through random and unexpected pump cycles, Ethereum Classic is still worth keeping an eye on at any given moment. Over the past few hours, it quickly became apparent the Ethereum Classic price follows Bitcoin’s momentum. Although the 12% increase in value is significant, the ETC price still sits at just $4.75. That is a long way removed from its all-time high. In terms of ETC/BTC, a 6.7% increase has formed which pushes that ratio to 0.0012 BTC again. With $338m in trades, it would appear the forked version of Ethereum is holding its own. On social media, any discussion pertaining to ETC comes off as forced more often than not. O.G. Pharaoh, for example, offers some pretty unusual investment advice. According to this user, ETC will need to reach a new all-time high soon. Even under these bullish circumstances, it seems unlikely such an all-time high can materialize in the near future. One can always hope, though. Tomorrow I want to see #EthereumClassic reach a new height that has already. Even reached to prepare to go higher than before. #Bitcoin can follow in our footsteps Haha! — ∆ O.G. Ṕharaoh ∆ (@breezythepharoa) February 19, 2019 This same user takes his advice one step further by telling users how they should invest in things which can be “beneficial to their life”. The choices offered include gold, copper, and Ethereum Classic. A very odd and forced sentiment to get some Tweets out pertaining to ETC these days. This is not necessarily the kind of attention this project needs. Dont forget to invest in other things that might be helpful and beneficial to your life like gold, copper #EthereumClassic and your health. — ∆ O.G. Ṕharaoh ∆ (@breezythepharoa) February 19, 2019 For those users who genuinely do not want to hold onto Ethereum Classic for too long, exploring arbitrage options is always a viable alternative. This is one area ETC excels at on a regular basis. Even today, there is some good money to be made with this altcoin in that particular department. As the volume of this altcoin remains relatively high, it should not pose too many problems to make good things happen in terms of profits. #ETCBuy at #Koineks and sell at #Binance. Ratio: 1.13%Buy at #Koineks and sell at #Gate.io. Ratio: 1.06%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC — Arbing Tool (@ArbingTool) February 19, 2019 As is always the case in cryptocurrency, nothing is ever set in stone. While it is good to see most of the top 20 markets note some solid growth all of a sudden, it seems too good to be true from a long-term perspective. How this will play out for Ethereum Classic, is very difficult to guess. The market is a very unusual one in every way, and it is possible its momentum has no real ties with other markets at this time. 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. Image(s): Shutterstock.com The post Ethereum Classic Price Gains 12% in Ongoing Push to $5 appeared first on NullTX.

a day ago

Crypto Fundamentals: What is Driving The Massive $20 Billion Rally and How Long Will it Last?

In the past 3 weeks, the valuation of the crypto market has increased by more than $22 billion from $111 billion to $123 billion. Source: Coinmarketcap.com There is no shortage of technical charts, indicators, analysts and observers trying to predict where crypto markets and Bitcoin will go next. They are far more volatile than traditional stock or forex markets so many of these indicators may not be applicable in the same way. A lot is just guesswork so a combination of fundamentals and technicals may give us a better idea of what is going on. A Fundamentally Strong Environment for Crypto While most analysts agree that from a technical standpoint the bear market is not over yet, fundamentally things could not be better for Bitcoin and crypto. Late 2018 and so far this year the news has all been pretty good for Bitcoin and its brethren despite the opposite happening to prices. Now that the US government has been switched back on, progress can be made at the SEC and CFTC on regulatory approval for a number of highly anticipated crypto investment products. Huge names including the Intercontinental Exchange (ICE) and Fidelity are in the holding pattern alongside others such as ErisX waiting to launch Ethereum futures. It is expected that one of these will be approved within the next month or two which could be a big driving factor for market momentum. I believe, a #Bitcoin #ETF serves the public interest via: + Increased liquidity using the ETF ecosystem+ Lower counter-party risk+ Better valuation & execution practices + Separation of duties: trading, custody, valuation+ Transparent fees+ Established compliance framework pic.twitter.com/OB0XUZeJ1O — Gabor Gurbacs (@gaborgurbacs) February 3, 2019 Digital asset regulation is progressing in many nations in the Middle East and across Asia as doors slowly open to crypto. Two years ago the space was a daunting quagmire for many governments and only China seems to have slammed the door on it completely. Today more countries have welcomed the nascent industry than ever before. Big banks getting involved are unlikely to drive momentum for individual cryptos but things like the JPMCoin serve to increase overall awareness and acceptance of them. Digital currencies are here to stay and the fintech and internet giants need to be a part of it. Samsung’s next flagship smartphone, the Galaxy S10, will have crypto wallet functionality built in. Google and Facebook are actively recruiting blockchain teams and Rakuten, Japan’s equivalent of Amazon, is reportedly considering crypto payments. JPM coin isn't supposed to compete with Bitcoin or SWIFT. Although it does nail the early use cases ripple pushed for (e.g. internal netting, pooling for corporates) Remember JPMC is a dominant global player in transaction banking. They can give huge value to existing clients — Simon Taylor (@sytaylor) February 18, 2019 Lightning Network Growth On the technical side Bitcoin’s Lightning Network continues to grow in terms of unique channels which are now numbered at over 25,000. Ethereum is due for a network upgrade at the end of the month when Constantinople finally gets deployed and progress is being made with a lot of the major blockchain dApp platforms such as EOS, TRON, and NEO. Some crypto assets have already turned around and have started up trending since their lowest points of last year. Cryptos that have made over 100% since mid-December include Litecoin, EOS (on today’s rally), TRX, Binance Coin, and Ethereum is close with a recovery of 80%. Fundamentally things are looking good for the industry so if this current rally doesn’t last, don’t worry, the next one probably will. Image from Shutterstock The post Crypto Fundamentals: What is Driving The Massive $20 Billion Rally and How Long Will it Last? appeared first on NewsBTC.

a day ago

IOST Muscles Its Way Back into 50 Biggest Cryptocurrencies

South Korea-based cryptocurrency exchange Bithumb has announced that one of its biggest gainers of the day is IOST. IOST, which is behind the proof-of-believability (PoB) consensus mechanism, has added 20% in the last 24-hour period. The leading trading pair for IOST on Bithumb is IOST/KRW. IOST has also muscled its way back into the top 50 biggest cryptocurrencies, with its market cap hovering at approximately $100 million. The coin has since taken the No. 51 spot after being positioned at No. 50 earlier this evening. The IOST mainnet is scheduled to go live in six days, while the token swap and wave of decentralized apps are expected in 25 days. IOST Co-Founder Jimmy Zhong tweeted: “Are you ready for the first scalable and decentralized solution?” (GT)

a day ago

Crypto Analyst Calls For ‘Altseason’, Expects Bitcoin Dominance To Go Sub -30%

Crypto Assets To Surge, Claims Trader Galaxy, a self-proclaimed “cryptocurrency accumulation machine,” recently remarked that from his point of view, Bitcoin (BTC) market dominance is going to be in for a tough time. Citing historical trends, the preeminent analyst noted that much like the broader crypto market, market dominance has, and will likely continue to undergo long-term cycles over the course of months and years. In his eyes, the recent buildup in BTC dominance, underscored by 2018’s bear market, will end in a breakdown, whereas this market will enter the so-called “altseason.” And with Bitcoin dominance’s uptrend longest the weakest so far, Galaxy remarked that he wouldn’t be surprised if BTC’s share of the cumulative value of cryptocurrencies is to fall under 30%. 1. Build up $BTC domination 2. Breakdown 3. Altseason 4. Rinse and repeat. Furthermore, looks like the weaker the dominance uptrend the longer the altseason and so far this one is the weakest. Expecting dominance to fall under 30% and the longest altseason to date. #crypto pic.twitter.com/eabtk6rGG9 — Galaxy (@galaxybtc) February 18, 2019 He claimed that if the aggregate market capitalization of all non-Bitcoin digital assets surpasses ~$61 billion, just a smidgen away from current levels, a notable rally in this subset of cryptocurrency is “ON.” If we manage to push trough this, its ON. #altmarketcap pic.twitter.com/aIl01WvlJ8 — Galaxy (@galaxybtc) February 18, 2019 Galaxy’s recent thread on the rally potential that altcoins hold comes after he expressed optimism towards Bitcoin. Per previous reports from Ethereum World News, the analyst noted that drew an optimistic “Adam and Eve” chart outlining the multi-month performance of BTC. It was depicted that BTC may slowly trend to its $3,150 yearly low, before breaking above $4,000 (which would confirm a recovery) and moving back above $5,000, $6,000, and beyond by year’s end. While his comments regarding altcoins don’t indicate that he hates Bitcoin per se, Galaxy seems to be sure that alternative crypto assets will easily outperform the ‘OG’. Some Convinced Bitcoin Will Maintain Hegemony Although Galaxy is making a strong case for a monumental rally for altcoins, some claim that Bitcoin will maintain its long-standing hegemony in the years to come. On Twitter, Ari Paul, the managing partner of crypto asset investment group BlockTower, claimed that due to Bitcoin’s programmability, it is unlikely to get ousted by fast, feature-rich digital assets/blockchains in the future. He concluded that cryptocurrencies cannot simply usurp Bitcoin’s status as the top blockchain by simply “adding features, or with incrementally better transactional throughput,” but by utilizing different governance and consensus mechanisms, monetary models, or security models. Paul isn’t the only one convinced that Bitcoin will always be a mainstay in this nascent sector. Barry Silbert, the chief executive of Digital Currency Group, noted that as it stands, he’d be careful in choosing allocations into alternative cryptocurrencies and other digital assets. He explained that from his point of view, a “vast majority of digital tokens” could eventually be valued at all but nothing. This is odd, especially considering his firms’ positions in blockchain upstarts and assets like ZCash and Ethereum Classic. But Silbert was adamant in touting this investment thesis, remarking that: “Almost every ICO was just an attempt to raise money but there was no use for the underlying token... The vast majority of what’s out there will be eliminated.” A.T. Kearney, a multinational management consulting firm, recently claimed that Bitcoin’s market dominance could swell to 66% from 52% in the coming months and years. The fact that institutions are focusing their crypto-related efforts on Bitcoin only cements the idea that the flagship cryptocurrency isn’t going anywhere any time soon. Title Image Courtesy of Descryptive.com Via Unsplash The post Crypto Analyst Calls For ‘Altseason’, Expects Bitcoin Dominance To Go Sub -30% appeared first on Ethereum World News.

a day ago

Netflix Might Be Planning To Release A Documentary About Altcoins

Cryptocurrencies continue to attract lots of attention across the globe especially within the financial circles. However, it now seems like cryptos have caught the attention of the film industry too. Now, big companies like Netflix in the film industry are stepping up their productions to include movies and documentaries with cryptos as the main themes. Netflix is perhaps the most notable company in this respect. Some time ago, Netflix released a documentary that focused on Bitcoin as the most valuable cryptocurrency in the market. It was titled “Banking With Bitcoin.” It’s fact that a lot of media productions haven’t been very supportive of cryptocurrencies, but Netflix’s documentary changed that trend by shining a bright light on the real truth about Bitcoin. Now, the company is planning to release another documentary about altcoins. Can It Keep Up With The Pace? By all means, a nice documentary explaining the intricacies surrounding altcoins is something to be welcomed especially now that cryptos are gaining traction in terms of adoption and awareness in the global market. However, the crypto space is always evolving, and projects that may look all steamy today may be obsolete in a few months’ time. That presents a challenge given that the documentary needs to capture the facts as of here and now of any particular altcoin. To overcome this shortcoming, the filming team has to come up with a way to make sure that the information captured isn’t stale by the time the documentary is released. The company is yet to disclose exactly which altcoins will be featured in the documentary, but there are rumors that the likes of PACCoin and Global Boost will be in the mix. According to some people’s opinions on Reddit, the documentary is set to air in 2020. There also some claims that the documentary may be a series of around 8 episodes as opposed to a single documentary running between 90-120 minutes. What Could Go Wrong? The crypto market is a volatile space that has seen its good highs and brutal lows. Since December 2017 when the prices peaked, the market has been largely at limbo, with cryptos losing great percentages in value. Bitcoin alone has lost about 80% of its ATH value. That’s why the idea of a documentary about cryptocurrencies could present a make-or-break scenario that could very easily drag either way. If the documentary rubs crypto investors the wrong way, it could trigger a bearish sentiment and send the prices down the spiral. On the other hand, if things go right, a bull run might be just around the corner. The post Netflix Might Be Planning To Release A Documentary About Altcoins appeared first on ZyCrypto.

a day ago

Connect Marketplace to Revolutionize E-Commerce Industry

Cryptocurrency International Tanzania limited (CITL), the private limited liability company is planning to revolutionize the e-commerce industry with the launch of its innovative products. E-commerce has become an important part of the modern lifestyle. Today’s generation do not want to go to the retail stores instead they want everything on their doorsteps whether it is food, grocery, clothes, or anything else. CITL believes that there could be a new business model and a new way of distribution which can improve the efficiency in logistics and backend operations and can leverage the purchasing power of the consumers. By launching Connect Market Place, CITL is looking forward to changing the way e-commerce industry works. Connect Market Place is a global market place where verified service providers and consumers can meet online or offline. It is a blockchain based platform where service providers and consumers can transact safely under one payment system. Though the invention of cryptocurrencies made cross border payments very easy but this does not come without challenge. Because of some dishonest payers in the crypto industry both consumer and businesses became the victim of manipulation and scams. With Connect Market Place, CITL is planning to offer a safer place for businesses and consumers from all over the world where they can meet and buy goods and services. Online and Offline Connect Market Places Connect Market Place is going to use the new medium of advertising to bring verified commodity producers and service providers to the global market both online and offline. In the offline model, Connect Market Place will collaborate with local vendors such as supermarkets, shops, medical stores, hospitals, hotel and restaurants, resorts, theatres, and schools. On the other hand for the online model, the marketplace will partner with a wide variety of online businesses so that the users can get the goods and services which they are looking for. Connect Coin (XCON) Denoted as XCON, connect coin is a Ethereum-based coin developed to connect the world by streamlining the digital mode of payment and transfer of money across the globe. The coin aims to empower merchants by providing them with efficient, secure, and blockchain-based payment system known as Connect Pay. CITL has developed an extensive global Connect Marketplace that allows consumers and merchants from around the world to buy and sell products and services using Connect Coin. Use of Connect Coin To transform the global payment system and money transfer, CITL is planning to use blockchain technology and cryptocurrencies. To this end, CITL has launched a decentralized token “Connect Coin”. The token is designed to facilitate the global payment system and money transfer. Connect Coin (XCON) will provide its services on the CITL Exchange Platform, CITL Training Academy, CITL Merchant Platform, Connet Market Place, and Connect Card. Connect coin will be used on both online and offline Connet Market Places by both consumers and businesses. Connect Market Place is a next-generation decentralized e-commerce network which has plans to harness the power of distributed ledger technology (DLT) along with innovations in bulk pricing, real-time logestics, e-commerce, and cryptocurrency. The market place will also share space with other token marketplaces as a directory to share services and expand users reach and variety of available goods and services. Connect Market Place Features Connect Market Place has the robust vertically integrated e-commerce platform on the blockchain. The decentralized distribution system of Connect Market Place can even compete with the e-commerce giants including Amazon in reach, leveraging the existing latent capacity of garage space similar to Airbnb. Direct to consumer technology of Connect Market Place will let the buyers group their purchases together by which the buyers will be able to meet the minimum order quantity (MOQ) requirements to gain economies of scale. This kind of model is doing wonders on the e-commerce giant Alibaba. The delivery network of Connect Marketplace will match the local deliveries to the last mile with Uber-like capabilities where anyone can deliver the goods. The project also offers incentive schemes for Node operators to help in scaling the network. CITL is trying to combine the best of blockchain technology to offer a digital ledger to its customers which offers a fraud-proof solution and auto verification of transactions for a tamper-proof, secure, immutable audit trail. With Connect Market place, hundreds of brands will gain access to sell their products through e-commerce storefronts. Such kind of innovative steps will definitely revolutionize the e-commerce industry in near future. Learn More about connect coin on https://connectingcoin.io/ Telegram : https://t.me/CONNECTCOIN Facebook : https://www.facebook.com/connectingcoin Twitter : https://twitter.com/connectingcoin Instagram : http

2 days ago

Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner?

The current crypto winter and bear market has been brutal for Bitcoin investors who are now underwater, but it’s been even worse for many altcoin holders. Most of the thousands of altcoins on the market have fallen as much as 99% from their all-time high prices, have reached extremely oversold conditions, and are at the absolute bottom of the barrel sentiment-wise. However, according to one crypto analyst, altcoins are on the verge of breaking out of long-term downtrend resistance and an “altseason” may be around the corner. Analyst: Altcoin Crypto Market Cap at Pivotal Resistance Point Altcoins such as Ethereum and XRP have had a much further fall from their all-time high prices than their eldest sibling, Bitcoin. Bitcoin has fallen roughly 85% from its previous peak back in December 2017, while number 2 and number 3 cryptocurrencies Ethereum and XRP respectively have each fallen 90% from their high points. Related Reading | XRP Beware? Industry Reacts to JP Morgan ‘JPM Coin’ Crypto Announcement The added sell pressure has caused sentiment around altcoins to be at extreme lows, but the tides may be turning soon, if critical resistance can be broken. According to a chart shared by prominent crypto analyst GalaxyBTC, the altcoin market cap - an aggregate of the total crypto market cap minus BTC - is at pivotal overhead resistance that has served as such all the way since January of 2018. If we manage to push trough this, its ON. #altmarketcap pic.twitter.com/aIl01WvlJ8 — Galaxy (@galaxybtc) February 18, 2019 The early signs of an “altseason” are already showing, with Ethereum, EOS, and BCH all posting 15-25% gains on the day, while Bitcoin rose just 8.5% by comparison. The rest of the altcoin market is a sea of green today, as a clear sentiment change is occurring in the crypto space. Bitcoin Has Long to Go Before Downtrend is Broken, BTC Dominance to Suffer GalaxyBTC also shared some thoughts around a pattern commonly found in cryptocurrency trading. The analyst discovered that oftentimes following a build-up of BTC dominance - a metric that weighs Bitcoin’s market cap against the rest of the crypto market - it breaks down, causing a spike in altcoin dominance also referred to as an “altseason.” 1. Build up $BTC domination 2. Breakdown 3. Altseason 4. Rinse and repeat. Furthermore, looks like the weaker the dominance uptrend the longer the altseason and so far this one is the weakest. Expecting dominance to fall under 30% and the longest altseason to date. #crypto pic.twitter.com/eabtk6rGG9 — Galaxy (@galaxybtc) February 18, 2019 The reason for this could be normal ebb and flow of capital to and from Bitcoin into altcoins, faith being restored by crypto market participants, or quite possibly due to the fact that most altcoins have broken through downtrend resistance, while Bitcoin hasn’t. Finally, we need to acknowledge that the bear market has not been broken yet. Here's the resistance line we've been tracking. As you can see, we're not even close to breaking it just yet. pic.twitter.com/tWX58rshnh — Mati Greenspan (@MatiGreenspan) February 18, 2019 A chart shared by Senior Market Analyst for eToro Mati Greenspan shows that Bitcoin still has a long way to go before it brushes up against the downtrend resistance. The resistance dates back to January of 2018, after the first ever crypto’s parabolic advance was broken, kicking off the bear market that continues even today. Related Reading | Bottom Doesn’t Matter, Last Time General Population Can Afford Entire BTC Altcoins and Bitcoin are closely correlated, so a strong rally in the altcoin market could help restore confidence in Bitcoin again, and drag Bitcoin up through resistance along with the rest of the cryptosphere. Featured image from Shutterstock The post Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner? appeared first on NewsBTC.

2 days ago

Water skiing and crocheting — two things that don't go toget...

Water skiing and crocheting — two things that don't go together. Your #business and personal finances don't belong… https://t.co/S8LKczQAtT

2 days ago

EOS Price Gains 23% as its Trading Volume Nearly Doubles

There is absolutely no lack of bullish cryptocurrency momentum as of right now. All markets are seemingly flying off the handle in a positive manner. If the EOS price is any indication, things will get even more interesting over the coming days and weeks. Its strong gains push the price well beyond the $3 mark in quick succession. EOS Price is Rising Quickly It is always interesting to see how different cryptocurrencies, assets, and tokens handle bullish Bitcoin price pressure. For most projects, this usually results in net losses in BTC value, which can easily keep the USD-based gains in check. EOS is a rather interesting exception as of right now, as its bullish momentum is obliterating USD and BTC levels alike. Over the past few hours, the EOS price has risen to $3.48 after a monster 23% increase in value. Although the EOS/BTC ratio is less bullish, the 13.5% increase cannot be overlooked by any means either. All of these signs show how things have evolved in this industry as of late. Its trading volume also sits at $1.77bn, which is very unusual for EOS. While it is always advisable to keep a level head in this industry, one has to keep in mind this recent gain gets people genuinely excited. Fabi Yamada still expects EOS to hit $5 at some point. Based on the current value, the trading volume, and how easily these gains materialized, it might not even be out of the question either. GO $EOS! ;D My dream of #EOS $5 is getting closer to be true hahaha pic.twitter.com/Lolc8EslEN — fabi yamada (@mxYamada) February 18, 2019 Although cryptocurrencies are often very complex for novice users, there is a lot of useful information to be found on the internet. Soup shared a recent video as to how EOS works an what one needs to know in a nutshell. It is far from a complete guide to properly understanding every facet, but it is still worth checking out. #bitcoin #eos #p2pdata pic.twitter.com/8BMSrc64wV — Soup (@SoupMiner) February 18, 2019 Crypto Phenom seemingly doesn’t know how to make sense of all of this bullish momentum. Considering how EOS - among others - have seen a trading volume worth half of its market cap, it is evident the golden days of crypto are not that far away. Even so, one has to wonder how much of the entire crypto volume is real and how much artificial these days. For OS, most of the volume comes from Bit-Z and OKEx, which is interesting to keep an eye on. $EOS and $LTC have turned over half of their entire float in the past 24 hours....this is quite bullish. Volume precedes price. Cryptos very likely put in bear market lows in December. #litecoin #eos $BTC — Crypto Phenom (@PhenomInvestors) February 18, 2019 As has been the case in this volatile industry, uptrends are usually met with a fair bit of resistance and corrections. Whether or not that will spoil this party sooner or later, has yet to be determined. Anything is possible in this industry, but no one should get ahead of themselves because of a bullish day. 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. Image(s): Shutterstock.com The post EOS Price Gains 23% as its Trading Volume Nearly Doubles appeared first on NullTX.

2 days ago

XRP and Cardano (ADA) Price Analysis And Prediction

XRP and ADA Price Analysis XRP gains over 7% from its low in the last 24 hours XRP breaks resistance level of 0.030362 to achieve new highs ADA gains 13% within the last 24 hours ADA gains new high of 0.046 XRP The past 24 hours have seen XRP record a new high breaking resistance levels at 0.30362. The price became bullish in the last few hours after trading sideways since Feb 13. The bullish rally seems to find new support levels at 0.30476 with resistance levels at 0.3098. The 7-day MA rose steeply against the 21-day MA. During the last few hours, the 7-day MA has been acting as support for the bullish trends. The RSI spent the better part of yesterday ranging between 40- 60 when the markets were trading sideways. However, in the last couple of hour,s the RSI reached a high of 74 indicating that the markets were overbought. Forecast Moving forward, the price is expected to be range bound. Such a scenario would be ideal for an intra-range trading strategy with resistance at 0.3098 and support levels at 0.30484. Traders can go long once the prices bounce back from support levels (0.30484) or take a short position once the price pulls back from resistance (0.3098). ADA ADA has been bullish in the last 24 hours recording gains of over 13% from its low to get to a new high of 0.046.The currency also broke the resistance level of 0.042 to achieve its new high. ADA has been range bound for almost ten days finding resistance at 0.042 and support at 0.039. Resistance levels were broken as the bulls came calling and the currency achieved its new high seeming to find new support levels at an ascending trendline.7 day MA seems to be widening against the 21 day MA signaling that the bullish trend may still gain momentum. However, looking at the RSI, it is ranging between 40 and 60, seemingly signaling that the currency is still trading sideways. Forecast The bullish momentum is expected to continue for the foreseeable future and push the RSI to levels of over 70. The 7-day MA is expected to act as support for the bullish trend as it seeks new highs. New support levels in the near terms are expected to be at the range of 0.042-0.044. The post XRP and Cardano (ADA) Price Analysis And Prediction appeared first on ZyCrypto.

2 days ago


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