Huobi Token HT

$1.05
Market Cap $ 52.537 MM (#66)
24h Volume $ 3.540 MM
Chg. 24h: -0.23%
Algo. score 2.4/5  (#1149)
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Huobi Token News

Huobi Community Votes On The Future Of Huobi Token

Cryptocurrency exchange Huobi has set up a poll to decide on the future of its Huobi Token (HT). Currently, the exchange uses 20% of its revenue every quarter to purchase HT and later airdrops it to HT holders. However, the exchange has called for a vote to decide if the exchange should permanently burn the repurchased coins. Binance currently burns its Binance Coin (BNB) purchased from its profits every quarter. After the vote, whichever option receives more than 50% of the votes will be adopted by the exchange. Huobi Token (HT) is priced at $1.25, losing 1.28% in the last 24 hours. (VS)

10 days ago

“Blockchain projects like the SophiaTX E-invoicing are on th...

“Blockchain projects like the SophiaTX E-invoicing are on their way to disrupt business models,” explains #SophiaTX… https://t.co/dKOmKBAJcC

15 days ago

SophiaTX Blockchain Selected to Expedite Development of Malaysia’s Automotive Industry

SophiaTX, a blockchain platform that integrates business applications and solutions into a collaborative environment, has confirmed they have been selected to continue the blockchain initiative to address common automotive challenges for the Malaysian automotive and mobility sector. This move came as a result of the signing of an agreement between Malaysia Automotive Institute (MAI) and Crypto Valley Malaysia (CVM), which intends to integrate the SophiaTX blockchain technologies to improve the supply chain efficiency and improve both the after-sales and service sectors. By making use of the blockchain technology, the automotive industry would streamline their complex supply chain and eventually attain increased productivity. (VK)

16 days ago

What Is Huobi Chain? Introduction to Huobi Token

What Is Huobi? Huobi is a Singapore-based cryptocurrency exchange created in 2013 by former Oracle engineer Leon Li. Originally based in China, the Huobi Foundation expanded to Singapore, South Korea, and Japan following China’s 2017 Bitcoin trade ban. Huobi currently supports over 280 cryptocurrency markets, with over $350 billion worth of crypto tokens traded daily, making it the third-largest cryptocurrency exchange in the world. In June 2018, Huobi Group announced Huobi Chain, which will distribute its exchange ledger. The Huobi Token, its proprietary cryptocurrency, was created in January 2018 to reward Huobi exchange users with lowered fees for using HT. The token was distributed to paid Huobi VIP members in response to China’s crypto ban and decreased trading activity. It is an exchange coin like Binance’s BNB coin, so it’s tradeable with any cryptocurrency on the Huobi exchange and comes with voting rights. With hackers and governments around the globe targeting cryptocurrency exchanges, what are the risks and rewards for keeping your coins in Huobi’s exchange wallet and holding HT? Before explaining that, let’s take a look at the performance of HT, Huobi’s proprietary coin, on the cryptocurrency market. Huobi Token Cryptocurrency Market Performance The peak price of HT so far was $5.97 on June 5, 2018, and the circulating supply is 500,000,000 HT. The initial HT distribution (which the team insists is “not an ICO”) took place from January to February 2018. At this time, 300,000,000 of the total HT supply was distributed on a first come, first serve basis to Huobi VIP subscribers. There are five levels of Huobi VIP, with the bottom tier paying 120 HT per month for a 10-percent trading discount and the top tier paying 12,000 HT monthly for a 50-percent trading discount. Unlike Binance’s discount, Huobi’s is perpetual, although you must pay monthly for the benefit while BNB is free. In fact, because Binance created BNB first, Huobi modeled much of HT’s features and benefits after BNB. Aside from the Huobi trading discount for paying in HT, it plans to buyback HT like Binance does BNB. It’s used as a wrapped placeholder for cryptocurrencies placed in the exchange wallet. Holding HT is also the only way to vote on which assets to list on Huobi, so new projects would need to spend a lot to hold enough HT to get themselves listed. However, it is still possible, especially for well-funded blockchain projects. Of the total HT supply, 200,000,000 (40 percent of the total supply) was withheld by the Huobi team. Half of this (20 percent) cache is withheld for user rewards and platform maintenance. The remaining 100,000,000 HT is distributed to the Huobi team when its vested in four years. Obviously Huobi is the best place to buy and sell HT, but it’s also tradeable on LBank, Bibox, Gate.io, and DDEX. The top coins traded on Huobi (wrapped HT trading pairs) are BTC, BCH, EOS, XRP, and ETH. HT is an ERC-20 token on the Ethereum blockchain, so it can be stored in any wallet that supports ERC-20 tokens, including the Ledger Nano S and MyEtherWallet. Storing and Exchanging Cryptocurrencies The irony of HT is when you store it in a third-party wallet, you don’t receive the benefits. Meanwhile, Proof-of-Stake cryptocurrencies and airdropped tokens aren’t always supported by cryptocurrency exchanges like Huobi. For example, Binance and Huobi distribute GAS dividends to its customers but Reddit users report Bittrex does not. This is the war in cryptocurrency over where you store your digital assets and exchanges like Binance and Huobi both want them. But they’re fighting an uphill battle. Cryptocurrency wallets have a bad reputation, and most experts recommend you don’t store your coin and token balances in an exchange, aside from the bare minimum necessary. Aside from the problems described above, exchanges are big targets for hackers. The stigma of cryptocurrency exchanges was created when Mt. Gox was hacked in 2011 and closed its doors in 2014. Approximately 850,000 bitcoins were stolen and many people are still left empty handed to this day. In fact, cryptocurrency exchanges are responsible for the biggest cryptocurrency thefts of all time, including Mt. Gox, a 2016 Bitfinex hack of 120,000 BTC, and the king of losses - Coincheck’s 523 million XEM hack, worth around $534 million. And let’s not forget how Bitfinex seems forever tethered to allegations of crypto market price manipulation. Many of these hacks, like Coincheck leaving its XEM storage connected to the Internet, happened because of rookie mistakes that shouldn’t be made by the people holding your money. But of course no system is ever secure, and even Wall Street and SEC, the U.S. government’s watchdog, have been hacked. And let’s not forget that Huobi itself had to pick up and move to Singapore after homeland China banned cryptocurrency exchanges, essentially making it illegal for any of its citizens to withdraw their balances from the exchange. At an

a month ago

Huobi NEXT Networks With European Projects and Cryptofunds

As the global cryptocurrency industry is growing rapidly, prominent players in the market are extending their hand to upcoming projects in new economies. Huobi NEXT, a company the connect upcoming blockchain projects with endorsers and investors recently expanded its reach to Europe. The company sought to find new projects that could leverage Huobi’s resources and create extra value. Creating Extra Value At an event that attracted 132 attendees in Prague, Czech Republic in association with JRR Crypto and Blockfront Capital, Huobi NEXT met 31 VCs/Crypto funds and 42 projects. The organizers of the event are well-versed with the crypto ecosystem of Europe. Blockfront Capital is a private investment firm with a firm footing in Eastern Europe, headquartered in Romania and Switzerland while JRR Crypto is a Swiss-based blockchain ecosystem industry investment group. Huobi intended to find projects that can create extra value leveraging the resources that the company has to offer. The platform is designed to connect up and coming blockchain projects with potential to possible endorsers. These individuals and entities seek to invest in emerging companies for capital growth opportunities. The interested parties go through an online registration and verification process and undergo a review. If they are found eligible, the projects are opened for public voting where the HT Community, eligible voters, and endorsers vote for the projects. Getting Support With Huobi Huobi Europe Business Development Lead Chern Chung called Huobi NEXT a great platform to find the required support for a project from endorsers. Endorsers could also make use of the platform, utilizing the resources made available by Huobi and exposing themselves to new projects that are not out in public yet. Blockfront Capital partner Alin Dumitru noted: “I believe that being an endorser and working with Huobi is one of the most important strategies for any investment firm. This will provide you with a lot of advantages and added value. As an endorser, we are also willing to act as the backbone of Huobi in Eastern Europe and assist Huobi to explore the Eastern European market.” Huobi NEXT Networks With European Projects and Cryptofunds was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

Check out the ...

Check out the https://t.co/qDgd6IAW9I October 2018 Newsletter. Some of the highlights included IHT getting listed… https://t.co/lhLD32D5Ni

a month ago

IHT gets listed on the number three crypto exchange in South...

IHT gets listed on the number three crypto exchange in South Korea, @Cashierest! $IHT #cryptoexchange #SOUTHKOREA… https://t.co/UxlI7G5Q3Y

2 months ago

Huobi Releases Details of Huobi Token Q3 Token Buyback and Airdrop

Huobi pledged to maintain Huobi Token (HT) value by conducting scheduled token burns and the world’s third-largest cryptocurrency exchange by trading volume has kept this promise. In a tweet, Huobi Global announced that the exchange had allocated 20% of revenue to buying back 12,520,200 ($20 million) HT. Huobi will redistribute HT to investors on Huobi exchange by airdrop. The amount of HT received will be determined by snapshots of HT holdings between July 1 to September 30 and the airdrops will take place on October 16, November 15 and December 15. By repurchasing tokens, Huobi boosts the price of HT and encourages customers to use the exchange and also buy the token. (RS)

2 months ago

Product Designers and OEMs Heavily Depend on Manufacturing in China, SophiaTX Blockchain Provides Desired Trust and Transparency

Chengdu, 15 October 2018 - SophiaTX establishes presence in Chengdu, one of the fastest-growing cities in China. China has a dominant place in global manufacturing and trade with many well-known products and entire brands being produced in the country. Such a significant role comes with issues around transparency and trust within the supply chain along with challenges in brand protection. SophiaTX has developed a number of blockchain-based solutions for companies, bringing desired trust and transparency into complex international relationships and efficiencies into supply chains. To provide professional blockchain services to businesses with strong international or pro-export focus, the SophiaTX team has established a location in the fifth largest city in China, Chengdu. Chengdu has the ambition and government support to be the new financial center within the next couple of years. “For export-oriented companies, among many other features, the platform provides originality tracking of manufactured goods. Once the manufactured goods enter the supply chain and cross the border, our blockchain provides the required proof of origin and subsequent history as required by the brand owners or even by the customer itself,” explains Jaroslav Kacina, CEO of Equidato Technologies, the company that developed SophiaTX. The offering of professional services will also be extended to local companies with strong needs for improved collaboration and information exchange. For example, the construction and project engineering industry can drive significant productivity increases and cost savings by blockchain-enabled coordination of all parties involved in complex projects. Chengwu Li, who leads SophiaTX in China, further explains: “We are very pleased to be able to bring this unique and innovative capability to China. The importance of establishing a presence here is to connect local businesses and manufacturers with their customer base and importers of products abroad. China has a dominant place in global manufacturing with certain challenges which can be addressed by our enterprise blockchain technology.” With its enterprise capabilities, SophiaTX can provide next generation digital collaboration with a focus on efficiency, transparency, and trust required for future supply chains. Currently the plan for our Chengdu location is to build local awareness and relationships, while customer projects are planned in 2019. About SophiaTX SophiaTX is a blockchain platform and marketplace tailored for extending traditional applications like ERP, SCM, CRM, and many others with its robust collaborative and decentralized blockchain capabilities. It is based on a high-speed, secure, and business suitable blockchain protocol and contains open integration API’s to SAP, smart devices, IoT, and other leading enterprise applications. For more information, please visit www.sophiatx.com. Twitter channel LinkedIn channel Telegram channel For media queries, please contact: Olena Yanishevska Email: olena.yanishevska@sophiatx.com Chengwu Li Email: chengwu.li@sophiatx.com The post Product Designers and OEMs Heavily Depend on Manufacturing in China, SophiaTX Blockchain Provides Desired Trust and Transparency appeared first on Live Bitcoin News.

2 months ago

0x Price Surpasses $0.75 as Coinbase Pro Listing is Imminent

Today may prove to be a rather interesting day for the cryptocurrency industry after all. Considering how there is a fair bit of positive momentum brewing once again, it will be rather interesting to see how all of the markets evolve. The 0x price is the first to note very strong gains today, primarily because it will be the first ERC20 token to make it to Coinbase Pro. 0x Price Surge is in Effect After yesterday’s troublesome day across the cryptocurrency markets, it is surprising to see very strong momentum from 0x. More specifically, the current is the only one in the top 30 to note double-digit percentile gains in 24 hours, albeit it remains to be seen how long this trend will remain in place. The recent announcements might have a very positive impact in this regard. To put this all in perspective, the 0x value is surging to $0.75 courtesy of a 13% net USD gain. This is established through a 13.5% gain over Bitcoin and an 18% gain over Ethereum. This trend also confirms Ethereum is getting the worst of the bearish pressure again, and it will create a very interesting scenario for all altcoins in the coming days. The main reason why people are so excited about 0x is that the currency is getting listed on the Coinbase Pro trading platform. It has been a while since Coinbase Pro announced they would begin listing additional tokens. The choice for 0x is pretty interesting, primarily because its protocol tends to facilitate exchange liquidity. ERC stands for Ethereum Request for Comment, and 20 is the number assigned to this request. #ETHEREUM #ERC20 #Coinbase #CoinbasePro #Crypto #CryptoNews #CryptoExchange #cryptotrading #0x #0xproject https://t.co/tQQOZ0I4eJ — CHAINdia (@CHAINdia2018) October 12, 2018 The community is waiting for the 0x trading market to open once and for all. So far, there has been an announcement regarding the actual listing of WRX, although trading is not available yet and the deposits are not live as of yet. This should change in the coming hours, although no official timeline has been proposed at this time. Trading could happen any time now. $zrx announcement was 14h ago with the message transfer only stage would at least take 12h. I consider this a big moment for #0x, but also for lots of other #ERC20 tokens as #Coinbase is known to be compliant with regulations. A big step! pic.twitter.com/I82jd7eHlr — CryptoManiac (@HappyWithCrypto) October 12, 2018 Traders are quite excited regarding the prospect of seeing 0x on Coinbase Pro. Andy is confident his orders are filled and things will only improve from here on out. There is some resistance across the charts to keep in mind, especially because of this steep gain in the past few hours. Reaching 17,000 Satoshi will be challenging, considering the value sits at 12,080 Satoshi at the time of writing. $ZRX / $BTC 1D hit my sell orders around the fib extension. Closed above the 100MA - hopefully now support 30M retracted beautifully to layered buys between 12-12.5k Next low TF 1.618 target needs to get through HT resistance 17k sats#zrx #0x #crypto #btc #bitcoin pic.twitter.com/IkALEW0u8w — Andy [$DOGE] (@allstarandy85) October 12, 2018 As is always the case in the cryptocurrency world, things are subject to change. Even though the 0x price momentum looks incredibly strong right now, it is not unlikely there will be a massive pullback once Coinbase Pro trading goes live. That is usually the case in this industry, as hype creates pumps and actual developments trigger dumps. For now, the momentum remains in place, but things can change in the blink of an eye. The post 0x Price Surpasses $0.75 as Coinbase Pro Listing is Imminent appeared first on NullTX.

2 months ago

IHT phase 1 i-Wallet Airdrop program announcement. #blockcha...

IHT phase 1 i-Wallet Airdrop program announcement. #blockchain #cryptocurrency $iht Read our @Medium article to l… https://t.co/iplyBJeTKW

2 months ago

IHT Real Estate Protocol Coin Climbs 36% Higher on Bittrex Listing

U.S.-based crypto exchange Bittrex announced a new listing on Twitter. The exchange now supports I-House Token (IHT), trading for which will begin soon. The IHT coin, which also trades on Gate.io and Kucoin, climbed 36% higher on the development. The name of the project is IHT Real Estate Protocol, which is a blockchain-fueled marketplace for investors and developers. (GT)

2 months ago

Weekly Discussion & Important Links/Threads - October 01, 2018

#[Loopring Frequently Asked Questions (FAQ)](https://redd.it/7pdr7m) --- ### Another AMA with Daniel Wang is coming up! Ask your questions by August 3 [here](https://www.reddit.com/r/loopringorg/comments/906fxl/loopring_founder_daniel_wang_ama_on_aug_3rd_2018/)! --- ## June 28 AMA has concluded! See the thread [here](https://www.reddit.com/r/loopringorg/comments/8qv0hs/loopring_founder_daniel_wang_ama_on_june_28th/)! --- *If anyone feels that a certain announcement, article, or any other kind of these sorts should be listed below, please add your suggestions in the comments below.* ####**Links/Threads of Interest**: **Recent Articles by the Loopring Foundation** * 7/29/2018 - [Loopring Learning Series, Part 4: The Cost of Illiquidity](https://medium.com/loopring-protocol/loopring-learning-series-part-4-the-cost-of-illiquidity-7ae48f305be7) * 7/28/2018 - [Loopring’s Mid-Term Incentive Program Concluded](https://medium.com/loopring-protocol/looprings-mid-term-incentive-program-concluded-1bcb8bb0711) * 7/27/2018 - [Loopring DEX Listed Ten More ERC20 Tokens (Batch#2)](https://medium.com/loopring-protocol/loopring-dex-listed-ten-more-erc20-tokens-batch-2-90533fe00477) * 7/25/2018 - [12 Projects That Are Integrating The Loopring Protocol](https://medium.com/loopring-protocol/12-projects-that-are-integrating-the-loopring-protocol-5522aec2dfd9) * 7/25/2018 - [“The Best Functioning Token Exchange Mechanism in the World” — Exclusive Interview With Loopring’s Matthew Finestone](https://medium.com/loopring-protocol/the-best-functioning-token-exchange-mechanism-in-the-world-exclusive-interview-with-looprings-8d4be611977e) * 7/24/2018 - [Medium Translation Program Update](https://medium.com/loopring-protocol/medium-translation-program-update-aedee793fb3) * 7/22/2018 - [Loopring Bi-Weekly Update](https://medium.com/loopring-protocol/loopring-bi-weekly-update-07-22-2018-398357ab6c94) * 7/20/2018 - [Loopring DEX Listed Ten ERC20 Tokens (Batch#1)](https://medium.com/loopring-protocol/loopring-dex-listed-ten-erc20-tokens-5a1b59f7cd52) * 7/18/2018 - [Loopring Partnered with SECBIT Labs in Smart Contract Auditing and Formal Verification](https://medium.com/loopring-protocol/loopring-partnered-with-secbit-labs-in-smart-contract-auditing-and-formal-verification-3440e2fe744a) * 7/7/2018 - [Announcing World’s First DEX Alliance Initiative](https://medium.com/loopring-protocol/announcing-worlds-first-dex-alliance-initiative-79e0f3b2226d) * 7/3/2018 - [Wallets Must Make Money, Too](https://medium.com/loopring-protocol/wallets-must-make-money-too-c91b508172ac) * 7/1/2018 - [The First LRN Airdrop Block Height](https://medium.com/loopring-protocol/the-first-lrn-airdrop-block-height-9d8ca4589047) --- **Operation and Marketing** * 7/20/2018 - We listed ten ERC20 tokens as the first batch in “New Listing” section. These ten tokens are AION, BKBT, BNB, CPC, DET, GTO, HT, PNT, TEN, and WTC. * 7/8/2018 - Loopring evangelists from more than 30 cities in China joined Loopring’s after-party to brainstorm ideas regarding community management, ecosystem strategy, and product marketing. We have set up a unique program to reward these evangelists which will also greatly benefit the adoption of Loopring’s DEX solutions. More information will be made available in September. * 7/7/2018 - Loopring hosted the 2018 Blockchain Economic Summit in Shenzhen, China. We invited blockchain visionaries and entrepreneurs to share their stories and visions. Some of the keynote speakers are Alex Gordon from Omega One, Feng Cao from PChain, Yu Guo from SECBIT Labs, Cindy Liu from MXBank, and William Gee, a senior partner from PwC Hong Kong. Our Founder, Daniel Wang, shared what Loopring has accomplished over the last 340 days since ICO and demoed our DEX solutions to the audience. * 7/7/2018 - Loopring announced the [DEX Alliance Initiative](https://medium.com/loopring-protocol/announcing-worlds-first-dex-alliance-initiative-79e0f3b2226d) * 7/5/2018 - Loopring airdropped the first tranche of LRN to LRC token holders. * 7/3/2018 - China Central Television (CCTV) broadcasted an interview with our founder Daniel Wang — Loopring Protocol: Powering a Better Crypto Trading Ecosystem. * 6/28/2018 - Loopring [partnered](https://medium.com/loopring-protocol/loopring-partnered-with-secbit-labs-in-smart-contract-auditing-and-formal-verification-3440e2fe744a) with SECBIT Labs in smart contract auditing and formal verification * 6/28/2018 - Loopring launched a [Developer Portal](http://loopring.org/developers) to provide more technical documentations for developers. * 6/24/2018 - We held an online salon with token holders from 30 cities in China. The Loopring team also showed the process of binding addresses to receive LRN airdrop. * 6/23/2018 - Daniel had a live broadcast to Huolian Blockchain community. * 6/15/2018 - COO Johnston delivered a keynote at the Disrupt & Breakthrough blockchain summit. * 6/15/2018 - Loopring and MyToken cohosted a meetup. * 6/15/20...

2 months ago

Ethereum Price Analysis: Back in Consolidation after Rejection at $300

Ethereum (ETH) price recently broke out of a small symmetrical triangle but has slumped back into consolation. Technical indicators suggest that the floor might still hold, but bullish pressure seems to be fading. The 100 SMA is above the longer-term 200 SMA to signal that the path of least resistance is to the upside. RSI is crawling lower to indicate that selling pressure is present. ETH has been under pressure due to speculations of a pickup in bearish positioning with the pending launch of futures on CBOE. As of this writing, ETH is trading at $283.91, down 1.19% in the last 24 hours.

3 months ago

Bitcoin Intraday Price Analysis: BTC is on the Verge of a Breakout

BTC continues to rise within the ascending wedge channel and the hourly chart shows the formation of a bull pennant. BTC remains above the 100 and 200-hour moving averages and the Stoch and RSI have leapt high into overbought territory. In the event that BTC breaks above the rising wedge resistance, prices could rise from $7,460 to $7,819. $7,379 appears to be today’s short-term resistance and $7,153 functions as an interim support. A drop below $7,153 could see BTC drop to $7,091 but a quick bounce back to the current range is expected. At the time of writing, BTC is up 1.34% and the price is $7,372. (RS)

3 months ago

Bitcoin ETF: Early 2019 a More Realistic Approval Date

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

3 months ago

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

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

3 months ago

Belgian Financial Oversight Body Adds 28 Sites to Crypto Scam Blacklist

The Financial Services and Markets Authority (FSMA) in Belgium has thrown 28 new sites on it’s crypto-industry fraud blacklist and posted an alert to consumers on September 4. In light of a tedious attempt to raise consumer awareness of fraudulent cryptocurrency ventures, the FSMA continues to receive an onslaught of complaints from consumers who have been victimized by fraudsters who make a quick buck off the “cryptocurrency hype.” The agency explained that the update list is comprised by documenting and organizing the names of businesses presented in victims reports. (RS)

3 months ago

India's Largest Exchange Shuts Down INR Trading Pairs After Banking Ban

Early this year, India's central bank banned all banks in the country from offering their services to crypto businesses. This affected exchanges the most because they were no longer able to offer crypto-fiat services. Zebpay stopped accepting deposits and withdrawals for INR. However, users were still able to trade against INR on the exchange. With no regulation in sight, the exchange has planned to shut down all INR trading pairs. Zebpay saw a volume of $1.83 Million in the last 24 hours. (VS)

3 months ago

Ethereum Flash Crash On Kraken Below $240

Ethereum, the second largest cryptocurrency which has a market cap of $29.5 Billion suffered a flash crash on Kraken. At precisely 4:59 AM London time, the priced of Ethereum crashed to $237. Ethereum (ETH) is currently priced at $289.34, gaining 0.03% in the last 24 hours. About 18,000 ETH was sold and bought on the exchange at that point. However, Kraken is yet to give an official statement on the flash crash. Kraken saw a volume of $102 Million in the last 24 hours. (VS)

3 months ago

Ledger Adds 7 New Cryptocurrencies, Along With EOS and WAVES

Crypto hardware wallet maker Ledger, commitment to support more cryptocurrencies by adding new cryptocurrencies on the first Tuesday of every month. Keeping up with their promise, they added 7 new cryptocurrencies today: Hycon, Waves, Rise, FIC Network, Pirl, EOS, and Akroma. They are available as third-party apps on Ledger Live right now. (VS)

3 months ago

Daily Berminal Brief (9/4/18): IBM Launches Cross-Border Payments With Stellar And Google Onboards Ethereum Blockchain To Analytics Platform

The State Of The Market: Most of the market is in green today, with Bitcoin going creeping past its resistance at $7,300. Bitcoin (BTC) is currently priced at $7,363.31, gaining 1.28% in the last 24 hours. Also, for the first time in 8 months, Bitcoin's MACD has gone above the zero line, indicating an upcoming Bull run. With the current trend, Bitcoin may reach $8,500 in the next few weeks. Ethereum, on the other hand, has not moved. It is still below $300 at $289.08, losing 0.22%. Also, with recent Bitcoin gains, Ethereum has gone below 0.04 BTC for the first time this year and is currently at 0.03919 BTC. The total market cap has gone from $235 Billion to $240 Billion, gaining $5 Billion in the last 24 hours. 1) After initially announcing a partnership with Stellar, IBM has quietly rolled out 'Blockchain World Wire' which will facilitate near real-time cross-border payments. In doing so, Stellar with IBM is directly competing with Ripple. IBM will partner with financial institutions and integrate Blockchain World Wire with their existing payment systems for seamless transactions. 2) Internet giant Google has taken a special interest in Ethereum by adding its blockchain to their big data analytics platform, BigQuery. The new feature synchronizes blockchain data every day and visualizes multiple aspects of it. BigQuery can also be used to observe smart contracts and Dapps on the Ethereum blockchain. Ethereum blockchain data is available for users to interact with right now. 3) After multiple hacks, Bittrex is the latest exchange to drop support for the forked cryptocurrency, Bitcoin Gold. Currently, BTG trades against BTC, ETH, and USDT on Bittrex. The exchange fell victim to a 51% attack and demanded that the Bitcoin Gold team cover up their loss. The BTG team refused to do so, which has resulted in Bittrex dropping support.

3 months ago

Greece To Extradite BTC-e Owner Alexander Vinnik To Russia

The Greek Supreme Court has ruled to extradite BTC-e owner Alexander Vinnik to Russia to face cyber fraud charges. According to a Russian publication, Vinnik agreed with his extradition to Russia. The Greek police arrested him in 2017 on charges of fraud and money laundering worth around $4 billion by the US. France is also fighting for extradition, on charges of defrauding over 100 people in the country. The formal decision on extradition to Russia will be issued September 14, coming into force the same day. (VS)

3 months ago

Tim Draper Doubles Down On His Bitcoin Prediction For 2022

Billionaire investor Tim Draper who made a fortune on early Internet days is also extremely bullish on Bitcoins. Earlier, he made a prediction in his book that the price of Bitcoin would reach $250,000 by 2022. However, Bitcoin tanked this year, going from its all-time high of $20,000 to $6,000. When asked about it once again, he said his prediction still stands. He also believes that Fiat currencies will eventually lose their value. In 2014, he bought 30,000 BTC seized from Silk Road at a public auction for $20 Million. With Bitcoin's current price, it is now worth over $220 Million. (VS)

3 months ago

Crucial Resistance Near $7,325: Bitcoin Price Watch

Yesterday, Bitcoin price was expected to correct lower against the US Dollar from $7,300. The speculations were right as the pair corrected to a support level of $7,200. Bitcoin made a swing low of $7,186, but later the pair traded past $7,300 with a small attempt move above $7,325 which was stopped by buyers failure to gain traction. A downside reaction was experienced to move the prices below the level of $7,250. Currently, there is a surge in its price at the support level of $7,240 on the BTC/USD hourly chart. At the moment, Bitcoin seems to make attempts to clear $7,325 level. However, it could surge more or lower below $7,200 to $7,130 support level. (VK)

3 months ago

EOS Developers Are Suffering From Rising RAM Costs

EOS developers require three main resources for deploying dapps: CPU, NET, and RAM. RAM is used for making user accounts. However, with the speculative nature of the crypto industry, speculators have started hoarding RAM, which has resulted in a price surge. Developers have to spend 4kb RAM for each user, which costs $3.12 per user with the current price. A game developer revealed that they purchased $65,000 worth RAM to launch their game. The cost of entry is extremely high right now, especially when compared with Ethereum which requires developers to pay only for the transactions they make. EOS is currently priced at $6.47, gaining 0.6% in the last 24 hours. (VS)

3 months ago

VeChain Price Surges by 10.50%, along with the Rolling Out of MainNet v1.0.2

The VET/USD pair reached its 30 days highest in the last 24 hours. The prices surged by 10.50% to trade at $0.01952 with a volume of $40 million. It leads the BTC with 9.69, if this trend continues and it trades past $0.02000 mark, then it would have brighter days ahead as it will experience bulls in the coming days. The Vchain team took to Twitter to announce the rolling out of MainNet v1.0.2. (KE)

3 months ago

Bitcoin Faces Resistance At $7,325

After constant gains over the past few days, Bitcoin is currently priced at $7,307.90, gaining 1% in the last 24 hours. However, there's a solid resistance at $7,325 which Bitcoin has struggled to cross for a while. At the same time, there's a very good support at $7,200 which Bitcoin has already rebounded from multiple times. The hourly MACD is slightly in the bearish zone and the Hourly RSI is slightly above the 50 level. (VS)

3 months ago

Crypto Update: The New Developments in Bitcoin, Stellar, Litecoin, Tron, and NEO

With the increasing crypto adoption, chocolate Bitcoins is making headlines after being spotted at Walmart, and each bag goes for $1.00. Neo.Game which brought many developers together has come to an end, and winners have been awarded. Lykke exchange has listed Stellar, and trading can now occur using the Lykke mobile wallet. Also, Litecoin Summit 2018 is scheduled for Sept.14-15 and will happen at South San Francisco Conference Center. Further, Justin Sun boasts of Tron's mainnet accounts surpassing that of EOS by 301,000. (KE)

3 months ago

Bithumb Suspicious of Wash-Trading

Though the crypto trading has seen a sea of green these days, Alex Kruger, the Argentinian born crypto trader made a case against this. He explained on Sunday through a series of tweets what exactly was happening prompting the $250 million fake volume Bithump was experiencing daily and concluded that some smart trader/s are taking $90,000 from Bithumb every day. The kind of wash-trading and manipulation paints not only the Bithumb exchange in a bad light but the rest of the crypto industry.(RL)

3 months ago

Square Acquires Crypto Payment Network License

Mobile payment processing company Square Inc. has obtained a US digital currency payment patent. The startup, founded by Twitter CEO Jack Dorsey, will allow traders to accept both cryptocurrency and fiat payments. Merchants will then cash out in the currency of their choice. The US Patent and Trademark Office (USPTO) gave Square Inc. the copyright. The firm aims to process payment transactions at speed similar to that of credit cards. Square cited that the system will make the payment process flexible and also reduce delays in processing payments. The new payment system will prevent merchants from double-spending by moving the risk to the payment service. (KE)

3 months ago

Use Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH) To Buy $700K Lamborghini

The White Company has offered up a Lamborghini for sale, and you can purchase it using cryptocurrency. The new Aventador LP-750-4 SV Roadster is one of a kind. According to Roadandtrack.com, this is the fastest Lamborghini ever made. It is made of ultra-lightweight materials which have made it 50 kilograms lighter than its predecessor. It also has a V12 engine that accelerates from 0 to 62mph in under 3 seconds. Its top speed is 217mph (350km/h). In addition to this, the Lambo will be the first model to have an open top. The White Company is selling this luxury vehicle for approximately 95.76 BTC. You can also purchase it using 1,101.10 BCH or 2,397.50 ETH. (KE)

3 months ago

Over US$8 million of More than 2,600 Investors Were Lost in‘Treasure Ship’ ICO

According to South Korean police, around 9 billion won or slightly over US$8 million have been lost in a ‘Russian treasure ship’ ICO fronted by a South Korean ‘treasure-hunting’ firm. More than 2,600 people reportedly have become the victims in the ICO, which Shinil Group claimed to have discovered a shipwreck containing gold worth US$130 billion. Moreover, the CEO of Shinil Group, Choi Yong-seok, being banned from leaving the country and firm’s offices being raided by Seoul Metropolitan Police Agency early last month. (RL)

3 months ago

Bittrex Steps up Invests in Malta Based Palladium

Bittrex, a US-based cryptocurrency exchange, reportedly has bought a 10% stake in Palladium recently, a Malta-based blockchain company. It is said that Bittrex’s latest investment into Palladium makes it a major player in the Maltese blockchain company, a majority of whose shares were owned by Investar Holding, a bank holding company and Unikrn, an eSports betting platform. Bittrex also recently began to support trading in Cardano [ADA] and Zcash [ZEC] paired up with the United States dollar from 5th September. (RL)

3 months ago

Exchange Tokens Fall Behind Crypto Market Bull Rally

The crypto market recently flashed green as Bitcoin and majority of the altcoins gained in price. Most of the cryptocurrencies in the top 100 list by market capitalization experienced surges. However, exchange tokens have gained minimally over the same stretch of time. In the last seven days, the AltDex Exchange Token Index (ALTEXC) is up by only 11.7%. ALTEXC is made up of tokens linked to major centralized and decentralized exchanges such as 0x (ZRX), Huobi Token (HT) and KuCoin (KCS). ALTEXC fell as low as 53.02 in July and has recovered a mere 27.5% to reach 67.61. ALT100 fell to 70.80 on August 14th but has made a 24.15% come-back to reach 87.90. Compared to ALTEXC, ALT100 made a stronger rebound after the decline. (KE)

3 months ago

Aelf Updated its Progress Report from Aug 20th-Sept 2nd

Alef has updated its progress report from Aug 20th-Sept 2nd, and the project updated its progress on main chain development, team building, project cooperation, marketing, and community, as well as media cooperation. The major highlights of its progress show on Network, Inter-chain Communication, Cluster, and Tests. It is also reported that Async Capital, a hybrid digital fund, officially joined the Aelf Innovation Alliance. According to the co-founder and COO of Chen Zhuling, the company is currently aiming to solve the problem of poor blockchain scalability. Alef is dedicated to building the public chain for the future business based on blockchain technology. (RL)

3 months ago

Report: Major Chinese Insurance Firm Will Use the Blockchain Technology After New Alliance

A Bianews report revealed that the People’s Insurance Company of China (PICC) has partnered with VeChain and DNV GL. This collaboration aims at using the blockchain technology to save on time and money for the two companies, through efficiency. The alliance also seeks to improve claim experience, fraud prevention, and KYC conformity. According to an announcement by PICC, VeChain will help to digitalize their operations, making them faster. The digitalization will create an instant compensation system, according to the report. Additionally, the report highlights that DNV GL, which is a global quality assurance and risk management company, will, in turn, guarantee the system’s data integrity. (KE)

3 months ago

Ethereum Price Analysis: Fundstrat Global Head of Research Calls Ethereum Futures 'a Bad Idea to Invest'

Among the strong ETH sellers, bulls are slowly coming back in. At the current price ($291 as at 2:30 AM UTC), ETH is up by 4 percent. It is recovering from the lowest price that it hit during the week of August 19th. However, traders should act with caution and only initiate longs only when the prices hit $330, according to Newsbtc.com analysis. According to the current soaring BTC price, Ethereum might be able to climb up and break the $330 resistance. This comes as the global head research in Fundstrat warned against investing in Ethereum Futures. (KE)

3 months ago

Bitcoin Enthusiasts Create Lightning Network POS System

Recently, a group of Bitcoin (BTC) enthusiasts got together and created a functioning POS system that is linked to lightning network for a bar in Berlin called ROOM77. This enabled the patrons to route a BTC payment through the lightning network to pay for their beer and food. While this may seem like a small event, wider adoption is dependent upon the ability for the everyday person to use their cryptocurrency for their daily purchases, and as the lightning network is able to further establish itself, the value of bitcoin is bound to increase. (JF)

3 months ago

British Artist Sells Entire Collection for Crypto via Wechat

Lincoln Townley, a contemporary British artist, recently made headlines for selling an entire collection of work for cryptocurrency using Wechat. The artist considers those who invest in Bitcoin to be speculators who may be looking to take more risk, and he feels that those are the types of people that would be interested in buying his art as a way to add to their investment portfolio. And apparently he was right, as he was easily able to conduct the transaction via a social messaging app, and see this as a viable option for future sales. (JF)

3 months ago

DigiFinex Launches LBTC Bounty Worth $45,000

DigiFinex, which is the No. 12 cryptocurrency exchange based on trading volume, has announced a bounty promotion alongside LBTC. According to the exchange, nearly 4,000 LBTC coins worth approximately $45,000 will be distributed for deposit in a promotion that runs through Sept. 7. The LBTC distributions will be proportionate to an account’s net deposit amount. Nearly 700 LBTC coins will be given to the top 20 accounts, which should boast deposits of more than 500 LBTC. CoinMarketCap lists a pair of LBTC coins: Lightning Bitcoin, which is up nearly 9%, and LiteBitcoin (LBTC), which is down 4%. (GT)

3 months ago

Bitcoin Chart Reading and Trading Tips

A glance at the 4-hour BTC-USD chart shows the posting of a ‘gravestone doji’ candle on a high volume spike above the ascending channel resistance. The spike brought BTC to $7,429 which is well above the $7,250 and $7,300 resistances but the gains quickly evaporated and BTC slipped back into the channel. A gravestone doji candle is a call for caution and not necessarily proof of bullish continuation as the gains quickly reversed as bear volume consumed the quick gains. On the occurrence of a gravestone doji, traders should keep an eye on whether BTC maintains a pattern of higher highs and higher lows and an even closer eye should be kept on whether BTC price is rejected (capped) at each high or if the higher highs become lower with the close of each candle. (RS)

3 months ago

Bitcoin Pulls Back After Reaching 1 Month High

While Bitcoin bulls ran hard over the weekend, today they appear to be showing signs of exhaustion and technical charts suggest are return to the psychological support of $7,000 is on the cards. A moderate pullback should come as no surprise since BTC has rallied nearly 27% over the last 2.5 weeks and briefly touched a monthly high at $7,429. The RSI has began to descend from overbought territory and and BTC may drop to the rising wedge support at $7,040. While the short-term technical setup suggest a mild correction, all other indicators still support a bullish outlook as the 100-MA remains above the 200-MA and the 50-MA is above the 100 and 200-MA. At the time of writing, BTC is up 0.33% and the price is $7,270. (RS)

3 months ago

Charlie Sherm: Investors Should Ignore Volatility and Just Hold for 5 Years

By now, we all know that cryptocurrency can be unpredictably volatile, but Charlie Sherm suggests that investors should not be deterred by volatility. Sherm advises that investors “pick something in the top 10 or 20, and look at those, learn about them, and take a stake in them.” Sherm believes that investors should buy and hold cryptocurrencies for five years as according to him, “There’s a high probability you’ll come out ahead in five years, because usually, these bull and bear markets go in two-year cycles.” Amateur investors might do well to heed Sherm’s advise as the 28-year old co-founded Bitlnstant in 2011. Bitlnstant exchange once processed 30% of all bitcoin in circulation. (RS)

3 months ago

Craig Wright Supports Are Manipulating Reddit Comments Using Bots

The fight for Bitcoin Cash's future is getting ugly, with an upcoming fork. The side led by Craig Wright has been caught red-handed while planning to manipulate r/btc subreddit which is dedicated to Bitcoin Cash. Though vote manipulation is against Reddit's rules, the side led by Wright claims it is needed to 'educate people.' Some posts on the subreddit have already been subject to bot attacks to push them above other posts. (VS)

3 months ago

Bittrex Invests in Blockchain Company Palladium

Bittrex cryptocurrency exchange has taken up a 10% stake in Maltese blockchain startup, Palladium. Palladium founder, Paolo Catalfamo seemed slightly befuddled as he is currently unaware which current investor may have sold their stake to Bittrex. Catalfamo went on record as saying, “ Before the investment was executed by Bittrex, Palladium was owned by the bank holding company Investar Holding, which held 85% in the company, and an eSports betting platform Unikrn, which held 15%, in the company.” Palladium is currently in the process of fundraising €150 which will be used to acquire a controlling interest in an unspecified European bank. (RS)

3 months ago

Ethereum Classic Manages to Post Gains as the Greater Market Declines

Today Ethereum Classic (ETC) has added more than %5 as the rest of the cryptocurrency market slightly corrects after a fantastic weekend run. The volume price indicator suggest that ETC will rise for a few weeks and the MACD shows that a reversal is in store as the deeper cycle of the correction is complete. Obviously, there is still a lot of volatility in the market but this appears to be a good time for accumulating ETC. At the time of writing, ETC is up 7.82% and the price is $14.20. (RS)

3 months ago

Daily Berminal Brief (9/3/18): Bitcoin Reaches $7,300 Target and a Handful of Altcoins Hold on to Their Recent Gains

1) Speaking to CNBC, Tom Lee said that bitcoin would possibly trade at $20,000 at the end of this year. He said this would be attributed to emerging ETFs and the asset's strong performance. Additionally, he said the contributing factor would also be the decline of the US dollar due to the US conflict with countries like Iran, China, Turkey; as a result, the Federal Reserve will slow the policy on interest rate hike, making people resort to bitcoin and increase its prices. 2) The report released by the ICO advisory firm Satis Group has made the news cycle rounds and caused a lot of stir. From claiming many ICO’s and utility tokens will go bust while currency and privacy coins like Monero (XMR) will be the best performers, they also made some price predictions as to where the market is headed. One of the more near term predictions is that the cryptocurrency market will reach a total market cap valuation of $1 Trillion by 2021, indicating that the market will increase in value more than four times its current value of nearly $240 Billion over the next couple of years. 3) Most cryptocurrency investors are aware of the rather unique relationship between Tether (USDT) and BitFinex and the rumors of manipulation will begin to churn again as $100 million USDT are currently en route to Bitfinex cryptocurrency exchange. Hundreds of millions of USDT were sent to various exchanges during the height of the 2017 bull run and researchers and regulators point to the ‘manipulation’ as the reason for BTC reaching an all high. The most recent transfers of USDT led to significant leaps in BTC price. A July 24 transfer was followed by a $800 movement and the most recent infusion (August 21) lead to a $650 pop in BTC price. It is yet to be determined what the impact of today’s transfer will be but traders will certainly be keeping a close eye on the charts. (Read more at the Berminal's Medium page)

3 months ago

Bitcoin Mining Firm Is Building A Massive Wind Farm In The Sahara Desert

Soluna, a cryptocurrency mining firm has announced its plans to set up a 900MW wind farm power plant in Morocco's part of Sahara Desert. Soluna expects to complete 36 MW by 2020 and the remaining over the next five years. Bitcoin mining consumes a lot of energy right now, which can have a significant impact on the environment. According to some reports, Bitcoin mining now consumes as much as the energy consumed in Ireland and Austria. Soluna is hoping to reduce the carbon footprint through its renewable energy plants. (VS)

3 months ago

Google Is Using Its Data Analytics Platform To Visualize Ethereum

Internet giant Google has taken a special interest in Ethereum. They've added Ethereum blockchain to their big data analytics platform, BigQuery. The new feature synchronizes blockchain data every day and visualizes multiple aspects of it. BigQuery can also be used to observe smart contracts and Dapps on the Ethereum blockchain. Ethereum blockchain data is available for users to interact with right now. Ethereum (ETH) is currently priced at $290.49, losing 0.59% in the last 24 hours. (VS)

3 months ago


News courtesy of berminal.com
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