Kyber Network KNC

Market Cap $ 17.363 MM (#144)
24h Volume $ 1.534 MM
Chg. 24h: 4.58%
Algo. score 3.8/5  (#80)
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Kyber Network News

Kyber Integration Enables the use of ERC20 Tokens For Land Auctions on Decentraland (MANA)

The team at Kyber recently posted a blog announcing that the decentralized virtual reality platform Decentraland has integrated with the Kyber platform, enabling LAND purchasers the option to pay in eight different ERC20 tokens during the upcoming LAND auction. The eight different ERC20 tokens that can be used to purchase LAND are MKR, DAI, BNB, KNC, ZIL, RCN, ELF and SNT. Through the integration of Kyber’s liquidity protocol, Kyber’s smart contracts convert the LAND buyer’s ERC20 token to MANA before the Decentraland contracts validate the amount of MANA received/traded. (JF)

7 days ago

Triangular Arbitrage Today: QKC, QTUM, DENT, NEO and More

In the world of cryptocurrency, different exchanges often maintain slightly different prices. That allows for some interesting arbitrage opportunities, even though it often requires the use of at least two exchanges and potentially multiple trading markets. The following options are very interesting, albeit also a bit time-consuming. #6 POLY to QKC When a triangular arbitrage opportunity presents itself, one has to be willing to look well beyond the more traditional markets. In this particular trade, there is a chance for a near 20% gain when buying POLY on Koinex and converting it to QKC on the Binance exchange. Said obtained funds can then be transferred to WazirX, a relatively small exchange, for a healthy profit, due to its high QKC price. #5 DENT to QKC DENT is the native currency of the project focusing on making mobile data globally tradeable. Its value on WazirX - in INR value - is very low, which would allow DENT to be sent to CoinDCX for a conversion to QKC. Once the QKC is obtained, it should be transferred back to WaxirX for a profit. This is a bit of a back-and-forth trade for those with access to Indian Rupees, but it can yield a decent profit. #4 QKC Cross-Platform Multi-currency It seems there are numerous opportunities to make money with QKC these days, depending on overall market liquidity. Buying QKC from CoinDXC with BTC and selling it on WazirX for INR can result in a 10% profit. This would also give users access to INR balance to explore the other arbitrage opportunities listed above, which can be well worth checking out for those willing to take a gamble. #3 KNC to NEO It doesn’t happen that often NEO is involved in triangular arbitrage opportunities, though today is a bit different. Buying KNC on Binance with Bitcoin and sending it to Kucoin for a NEO conversion will open a new arbitrage opportunity. Selling that NEO balance on EXMO can yield a profit of up to 9%, depending on overall liquidity. #2 NEXO to NEO The NEO arbitrage opportunity on EXMO can be explored through other trading pairs as well. For those willing to buy NEXO with Indian Rupees through BitBns, will allow them to convert this funds to NEO on CoinDCX before sending it on to EXMO. It is a slightly alternative route to explore, although that doesn’t make it less viable by default. #1 CMT to QTUM This particular arbitrage opportunity makes for an exciting trade. Users can buy CMT on OKEx with Bitcoin. If they move their CMT to CoinDCX and convert it to QTUM, a new arbitrage option will present itself rather quickly. All that is left is moving the QTUM to BitBns and selling it on whichever trading pairs offers the most advantageous pricing. Disclaimer: This is not trading or investment advice. NullTX does not endorse any of the exchanges or cryptocurrencies mentioned in the article. Always do your own research before dealing with any cryptocurrency exchange. The post Triangular Arbitrage Today: QKC, QTUM, DENT, NEO and More appeared first on NullTX.

2 months ago

Wrapped BTC (WBTC) to Allow Bitcoin Trading on the Ethereum Network

A community of blockchain enterprises including BitGo, the Kyber Network (KNC), and Republic Protocol (REN) recently unveiled their new WBTC project which stands for ‘Wrapped Bitcoin.’ WBTC is a fully backed Bitcoin ERC-20 token that will be launched in January of 2019. The token does not integrate the two protocols, but it will still bring some liquidity to the BTC market as users will now be able to trade BTC at a higher transaction speed on the ETH blockchain. Numerous decentralized exchanges and financial projects have already committed to supporting the adoption of WBTC. (JF)

2 months ago

Wrapped Bitcoin brings powers of Bitcoin and ERC20 tokens together

The joint effort by Kyber Network (KNC), Republic Protocol (REN) and BitGO seems to be working well as the teams together announced the launch WBTC - or Wrapped Bitcoin. WBTC is a proposed ERC-20 token which is backed up by ‘physical’ reserves of BTC and will be expected to remain tethered to Bitcoin’s value. Wrapped Bitcoin: the power of Bitcoin with the flexibility of an ERC20 token WBTC is a community-focused initiative and is the culmination of a long-standing joint effort relationship between BitGo, Kyber Network, and Republic Protocol. WBTC (Wrapped Bitcoin) will launch as a fully backed Bitcoin ERC20 token on Ethereum in January 2019. The initiative will bridge Bitcoin liquidity and the decentralized ecosystem on Ethereum, enhancing all decentralized applications. WBTC will allow the Ethereum network to be leveraged to enable new applications and use cases for Bitcoin. Prominent decentralized exchanges and financial projects, including MakerDAO, Dharma, Airswap, IDEX, Compound, DDEX, Hydro Protocol, Set Protocol, and Prycto have all committed to supporting the adoption of WBTC and will participate as launch members. Loi Luu, Co-founder, and CEO of Kyber Network “This initiative will be bringing together the liquidity of Bitcoin and the extensive smart contract developer ecosystem of Ethereum.” “Applications on Ethereum such as decentralized exchanges and financial protocols will all be able to use Bitcoin seamlessly, creating bitcoin trading pairs which have been impossible until now. At the same time, the usage of Bitcoin will be expanded by having more decentralized use cases, such as exchange, loans, token payments.” WBTC will allow any project to include WBTC in their platform without restrictions, while users can easily purchase WBTC tokens on any supported swap service or exchange. The effort will be community driven from launch, with governance dictated through a Decentralized Autonomous Organization (DAO) comprised of reputable projects in the cryptocurrency space. DAO members will publicly audit the WBTC tokens to make sure that the balances in the custodian wallet and the smart contract match. In addition, they will vote and decide on any proposed improvements. The addition of any new minters, custodians, and DAO members as well as the removal of the existing members will happen via a transparent voting process in the DAO. At launch, Kyber and Republic Protocol will pre-mint WBTC tokens from their own Bitcoin inventory to provide initial liquidity and make WBTC available for atomic swaps with users. Taiyang Zhang, CEO Republic Protocol was quoted saying “The addition of atomic swap technology to the WBTC initiative will allow users to deposit and withdraw BTC/WBTC securely and with confidence, which will assist in enabling WBTC adoption to reach the masses.” This initiative, including the initial minters and DAO, is expected to go live in January 2019. In advance of the launch, the specifications will be made known on GitHub/Gitter for all members of the cryptocurrency community to discuss and propose improvements on both the token and the governance model. The project seems promising as the strength of bitcoin and ERC20 token could bring superlative result and add more power to cryptocurrencies. It would be exciting to see how the product phases out after it is launched. Will Wrapped Bitcoin deliver in line with how it is anticipated to be? DO let us know your views on the same The post Wrapped Bitcoin brings powers of Bitcoin and ERC20 tokens together appeared first on Coingape.

2 months ago

Upbit Lists Kyber Network Crystal (KNC)

Upbit, one of South Korea's largest cryptocurrency exchange has announced the listing of Kyber Network Crystal (KNC). KNC is now live on the exchange, against South Korean Won. Kyber is building an on-chain liquidity protocol that allows decentralized token swaps to be integrated into any application. To celebrate the listing, Upbit has announced various competitions on its exchange. Upbit saw a volume of $104 Million in the last 24 hours. Kyber Network Crystal (KNC) is priced at $0.49222, gaining 10.83% in the last 24 hours. (VS)

2 months ago

Analysis: 11 coins with sizzling sentiment as BTC wobbles

This has got to be the worst time to be trading crypto. At least a few months ago, it was pretty clear we were in a downtrend. Now, every move of Bitcoin is micro-analyzed, even as those moves become more microscopic, with everyone hoping to find signs that we might finally be turning around. But as of right now, looking at sentiment analysis, most signs still point down (this morning’s spike and $USDT craziness notwithstanding). Let’s look at the market charts to see what I’m talking about. Disclaimer: I write these things late Sunday night, generally. So if something big happens between then and publication, ¯\_(ツ)_/¯. For the last few months, Bitcoin just can’t get any sustained sentiment going. We had a peak again last week, leading up to our big drop on the 10th. And that’s the been the pattern for the last few months. We get some sustained bullish action, we reach a peak, people get excited that it’s going to continue and then, bam, the bottom falls out. Sentiment rebounded pretty quick, as did the price of Bitcoin, and we remain in the narrowing price channel we’ve been in so far this fall. That’s not terrible news for Alts, who have been able to ride Bitcoin’s stability to some nice gains. Sentiment has fallen recently with less certainty surrounding Bitcoin, but as long as we don’t see another major drop, people may continue to test the waters and throw some money into other currencies. A couple of things worth noting in the Alts market. You can expect some continued buzz around $ADA, $BAT, $XLM and $ZEC as the world awaits which coin will next be added to Coinbase. As you likely know, $ZRX began trading on Coinbase Pro last week and saw a healthy bump. $BAT has been in my weekly picks for a few weeks now and continues to be the highest rated of the “Coinbase 5”, by sentiment. Another thing worth noting is $BNB. Binance’s native currency has been in the weekly picks for the last two weeks. Generally speaking, $BNB does best in bear markets as the strongest exchange-based coin. If things turn south, it may be worth watching. Stay vigilant though. Eventually, Bitcoin is going to have to pick a direction and it’ll probably be more dramatic than we’ve seen when it does. The Top Alts These coins/tokens had the highest power rating in my analysis this week. The power rating is a weighted calculation taking into account sentiment, volume and the number of unique users who mentioned a coin. Generally, I eliminate any coins mentioned by less than 3 individual people as I don’t feel it would be representative of a trend. One important note: Pay close attention to the previous week’s price action. High sentiment can indicate both a possible move or a possible peak in price, however temporary. I’ll be adding signals soon to indicate this, but be wary of any coin with a major price shift in the last week. 11. 10. 9. 8. 7. 6. 5. 4. 3. 2. 1. The Data Coin Sentiment (of 100) Volume Influencers Power Rating ABT 0 1 1 0 ACED 93 1 1 46.5 ADA 40 25 15 68.25 ADX 64 1 1 32 AE 11 4 2 36.75 AGDN 90 1 1 45 AGG 48 1 1 24 AGI 81 6 1 60.75 AION 39 19 8 66.75 ALQO 58 6 4 69.5 AMB 64 1 1 32 AMGN 3 1 1 1.5 ANON 78 5 2 71.75 ANS 85 1 1 42.5 APOT 2 1 1 1 ARK 59 4 4 67 ARN 36 5 4 57 ARO 5 4 4 40 AURA 81 4 1 57.75 BAT 64 19 11 79.75 BAX 64 1 1 32 BAY 20 1 1 10 BBK 48 3 3 56.5 BBP 64 1 1 32 BCC 93 1 1 46.5 BCH 45 10 8 68 BCN 39 9 9 65 BCO 0 1 1 0 BDG 20 1 1 10 BIS 85 1 1 42.5 BIX 20 1 1 10 BLOCK 20 3 1 24 BLZ 20 1 1 10 BNB 62 16 7 77.25 BOX 85 1 1 42.5 BQX 64 1 1 32 BTC 41 437 87 70.5 BTS 20 1 1 10 BVO 99 1 1 49.5 BWK 74 17 5 81.75 BXY 74 3 3 69.5 BYC 0 1 1 0 BZX 74 3 1 51 CATO 64 3 3 64.5 CHF 5 2 1 13.25 CLO 93 1 1 46.5 CLQ 81 1 1 40.5 CMT 78 8 4 80.75 COLX 16 5 1 26.75 CRM 90 1 1 45 CTK 3 1 1 1.5 CV 93 3 2 74.5 CYFM 81 1 1 40.5 DACC 85 2 2 67.25 DAI 64 2 1 42.75 DALA 99 1 1 49.5 DAX 16 5 5 48.25 DAXT 48 1 1 24 DBIX 59 5 2 62.25 DCR 20 6 3 48.75 DERO 60 13 3 71 DEV 48 3 2 52 DGB 43 5 5 61.75 DGTX 7 1 1 3.5 DIG 11 1 1 5.5 DIS 0 1 1 0 DJI 15 7 5 49.75 DLT 99 1 1 49.5 DNT 3 2 2 26.25 DOGE 61 3 3 63 DOT 18 3 1 23 DOW 5 2 2 27.25 DP 90 1 1 45 DRGN 11 2 2 30.25 DTB 48 1 1 24 DXY 20 1 1 10 DYN 48 3 1 38 ECC 85 2 2 67.25 EDG 40 2 1 30.75 EGEM 85 1 1 42.5 ELA 64 1 1 32 ELF 44 3 1 36 ENG 36 5 2 50.75 EOS 35 18 13 65.25 EQLI 20 1 1 10 ESE 48 1 1 24 ETC 15 14 12 54.25 ETH 19 50 28 58.75 ETN 64 3 2 60 EVI 95 1 1 47.5 EVX 61 3 2 58.5 FLASH 97 1 1 48.5 FOTA 46 13 2 59.5 FTC 64 1 1 32 FUEL 44 3 1 36 GAS 48 1 1 24 GAX 20 1 1 10 GE 20 1 1 10 GEO 97 1 1 48.5 GFY 5 4 3 38.25 GIN 64 4 3 67.75 GMT 7 1 1 3.5 GP 20 1 1 10 GRS 81 1 1 40.5 GVT 76 2 1 48.75 HEXX 20 1 1 10 HKN 7 5 4 42.5 HOT 48 10 6 68.5 HT 11 4 2 36.75 HXRO 20 2 2 34.75 ICX 42 29 12 69.25 INS 10 3 2 33 IPSX 64 4 1 49.25 KEY 80 5 2 72.75 KLKS 61 2

2 months ago

Why ARK, RVN, KNC Should Be In The Top 50

The crypto space can be very tiring and for investors, it can be like a dangerous wasteland where you need to be alert 24/7. With the markets fluctuating like crazy recently it can leave investors wondering when they will be relieved from the claws of the ICO and blockchain project of the current crypto world. So, today we’re going to delve deep into four altcoin projects which should be in the top 50 of all market capitalisations. Continue reading Why ARK, RVN, KNC Should Be In The Top 50 at Crypto Daily™....

2 months ago

36% of the Top Hundred Cryptos Have Working Products

As per the research of Daniel Frumkin and John Bardinelli, 36% of the top hundred coins have working products. This includes among others BTC, ETH, Kyber Network, BAT, Monero, KuCoin, and Siacoin. According to the researchers, a working product means it can be used in daily transactions, in the building of dApps, and there have been more versions released after the mainnet release. Tron and EOS were exempted from the list because their mainnet was recently launched. (KE)

4 months ago

Decentralized Liquidity Network Kyber (KNC) Jumps Nearly 10% amid Tech Update

The Kyber Network (KNC) coin has advanced nearly 10% in the last 24 hours as investors celebrate the latest developments despite the sell-off in the broader crypto market. Kyber, which is a “decentralized liquidity network” for tokens, provided a tech update that was comprised of progress on OASIS DEX, which Kyber integrated “to use its order book as a liquidity source for DAI,” according to a blog post. Kyber also bolstered security for users with two-factor authentication. The gains in the KNC coin coincided with the Twitter post providing a link to the tech update. (GT)

4 months ago

Kyber Network (KNC) Gains 10.8% - $0.50

Kyber Network (KNC) was the top gainer among the leading 100 companies by total market capitalization today - with a gain of just over 10% bringing the value of KNC to a hair over $0.50. The Kyber blockchain project is a "decentralized liquidity network" that aims to "enable a new class of use cases by powering seamless transactions between individuals, ecosystems and dapps." (EH)

4 months ago

Goldman Sachs-Backed Poloniex now Offers 60 cryptocurrencies with 97 different trading pairs

Poloniex, a top-15 cryptocurrency exchange by trading volume and subsidiary of Goldman Sachs-back Circle, announced this week that it has added Status (SNT), a mobile operating system for Ethereum, and Kyber Network (KNC), a decentralized exchange protocol, to its trading platform. Poloniex now offers more than 60 cryptocurrencies with 97 different trading pairs. SNT and KNC are currently ranked 49th and 84th, respectively, in the AltDex 100 Index (ALT100). At press time, SNT is trading at $0.037, KNC is $0.425, up 5.59% and 1.66% respectively. (RL)

4 months ago

Poloniex Lists Status (SNT) and Kyber (KNC)

Poloniex, the cryptocurrency exchange that was purchased by Circle earlier in the year, today announced that the ERC-20 projects Status (SNT) and Kyber (KNC) are now available to deposit on the exchange, and trading will begin on August 15th, 2018 at 16:00 UTC. Both of the new additions will have trading pairs available with BTC, ETH, and USDT. Status is a mobile decentralized application (dApp) browser which provides access to the ETH network from any mobile device. Kyber Network is a decentralized liquidity network that allows for the instant exchange of digital assets. (JF)

4 months ago

Circle's Poloniex Exchange Lists ERC20-Based Status (SNT) and Kyber (KNC) Coins

Circle-backed Poloniex exchange is adding a pair of ERC20-based tokens. Circle took to its blog to announce support for Status (SNT), a mobile dApp browser, and Kyber (KNC), a “decentralized liquidity network.” Deposits and withdrawals across SNT and KNC are currently enabled, while trading in both coins across the USDT, ETH and BTC markets launches on Aug. 15. SNT is down 14% and KNC is down 7.5%. Just a couple of weeks ago, Poloniex added support for EOS. (GT)

4 months ago

Binance Acquires Trust Wallet

Binance, the world's largest exchange, has announced the acquisition of Trust Wallet. Trust Wallet is an open source mobile wallet for Ethereum and ERC20 tokens. The wallet is available for both iOS and Android. The wallet currently supports decentralized trading through a partnership with Kyber Network. However, once Binance launches their own decentralized exchange, Trust Wallet will support it. Even after the acquisition, the wallet's team will continue operating autonomously. ZC made it clear that he wants to keep Trust Wallet as an independent brand and product. (VS)

5 months ago

WAX Coin Advances 8%, Adds Yeezy Boost Sneakers to WAX Express Trade

WAX Coin is up nearly 8% today alongside many other altcoins that are trading in the green. WAX announced on Twitter that the coin is now available on the Kyber Network, which is a decentralized liquidity network for tokens. Wax also announced that physical items are coming to WAX Express Trade, using Adidas Yeezy Boost 350 V2 Zebra sneakers as an example. (GT)

5 months ago

Kyber.Network Audit Completed

ChainSecurity has completed a security audit of Kyber.Network after finding out that Kyber's platform is well-designed. Kyber.Network is a decentralized exchange that supports a wide number of tokens. During the security audit, the ChainSecurity team made several minor recommendations, which have been addressed by the Kyber team, and so there are no any remaining security issues. According to CoinMarketCap, KNC is trading at $0.989938 as of 11: 02 am UTC. (KE)

5 months ago

Kyber Network Launches New Token-to-Token Transaction Feature

Kyber Network (KNC), a decentralized exchange protocol, announced today that it has upgraded its KyberSwap platform to support the new token-to-token transactions. The new feature allows investors to connect their favorite wallet directly to the exchange platform, enabling instant transfers without the need for a centralized order book. KyberSwap currently supports MetaMask, JSON, Trezor and Ledger wallets. There are currently over 35 different ERC-20 tokens available for conversion on the KyberSwap platform, including OmiseGO (OMG), Decentraland (MANA), Enigma (ENG) and Ethos (ETHOS). (JF)

5 months ago

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