Loom Network LOOM

$0.0447
Market Cap $ 27.801 MM (#108)
24h Volume $ 1.110 MM
Chg. 24h: -3.68%
Algo. score 3.4/5  (#266)
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Loom Network News

Announcing an upcoming token bridge between Loom PlasmaChain...

Announcing an upcoming token bridge between Loom PlasmaChain and Cosmos Hub. This is the first major step for us o… https://t.co/VpHBVSUFNA

a day ago

A recap of LOOM Network

I originally posted this on r/ethtrader under a thread asking about favorite Ethereum-based projects (here: [https://www.reddit.com/r/ethtrader/comments/af5wh8/what\_are\_some\_of\_your\_favorite\_ethereum\_based/](https://www.reddit.com/r/ethtrader/comments/af5wh8/what_are_some_of_your_favorite_ethereum_based/)) My comments got a bit long, and I figured it might be useful to repost them (compiled) in case people come by this sub wanting to learn more about LOOM. So here's my answer to why LOOM is my favorite Ethereum project: \--- **LOOM Network**. And here's why: **One** \- LOOM addresses **scalability**: EOS \*almost\* worked - with dPoS you can indeed scale. However this comes at the cost of decentralization. 21 block producers can work, but not at the base layer. What if you could get the benefits of decentralization of Ethereum, but also the scalability of EOS: Enter LOOM. LOOM lets you build layer 2 blockchains that are setup on a dPoS consensus mechanism. This is valuable since not everything needs the absolute security of Ethereum. For example, if you're playing a game on the blockchain, do you need to store every single move on Ethereum. Or would it be better to push updates once in a while? You can now run dApps with thousands of users on LOOM, without overloading the Ethereum network. Oh and did I mention that dApp developers pay the cost for dApps, thus making for a much better user experience. I mean, I imagine most users wouldn't enjoy having to pay gas every time they send a tweet. **Two** \- **gaming**. Some people here already mentioned gaming as THE thing that'll bring blockchain to the mainstream. I agree, and so does LOOM. In that sense it's similar to Enjin or Gods Unchained. In fact, LOOM has worked on an extended ERC721 standard called ERC721x, so similar to ENJIN's ERC-1155 standard and similar to Gods Unchained, is building a trade-able card game called Zombie Battleground. Zombie Battleground has been impressive so far - heavy focus on making it free to play and most importantly making it such that people don't even know it runs on blockchain. The idea is to use ZB as a fun way to introduce people to blockchain by allowing them to buy/sell their cards on the marketplace etc. But there's more, Axie Infinity, Cryptowars, Coins and Steel are all building using LOOM. **Third** \- the LOOM sidechains can be used not just for gaming, but all types of applications that need high throughput. For example. global supply chain and logistics has been given shout-outs in ethtrader. It's probably the other big blockchain application at the moment. And once again, LOOM shines here, with **ShipChain, a shipping logistics blockchain startup, building on top of LOOM** **Fourth** \- **Plasma**. You guys remember the hype about OMG and how it was going to bring Plasma to Ethereum. Well, if sidechains, gaming and supply chain using blockchain weren't enough, LOOM also has Plasma covered - being the first team to actually have Plasma Cash. The best part - LOOM wasn't even initially looking into Plasma, but was asked by Vitalik if they could work on it as a method to transfer tokens from the mainnet to LOOM sidechains. That's how good LOOM is - they're ahead of the game with Plasma and it's not even their main focus. **Fifth** \- contributing to the Ethereum ecosystem. LOOM has a **wonderful Solidity coding academy** called CryptoZombies. It's a great way to get your feet wet with coding smart contracts and it's just one of many ways LOOM is contributing to the larger Ethereum ecosystem. So to recap: * Scalability * Games * Shipping/logistics * Plasma * Coding Academy EDIT: Bonus is their epic Medium: [https://medium.com/loom-network](https://medium.com/loom-network) \--- they post updates about once a week, every Friday - with cute Zombie graphics to boot. \--- When asked if LOOM really has Plasma: \--- Actually, they are. Here's some information: Their github repository on Plasma Cash: [https://github.com/loomnetwork/plasma-cash](https://github.com/loomnetwork/plasma-cash) Their Medium posts on Plasma:[https://medium.com/loom-network/practical-plasma-volume-i-gaming-9cfd3f971734](https://medium.com/loom-network/practical-plasma-volume-i-gaming-9cfd3f971734)[https://medium.com/loom-network/loom-network-plasma-5e86caaadef2](https://medium.com/loom-network/loom-network-plasma-5e86caaadef2)[https://medium.com/loom-network/plasma-cash-initial-release-plasma-backed-nfts-now-available-on-loom-network-sidechains-37976d0cfccd](https://medium.com/loom-network/plasma-cash-initial-release-plasma-backed-nfts-now-available-on-loom-network-sidechains-37976d0cfccd) A video of their CEO talking about LOOM Plasma at DevCon:[https://slideslive.com/38911967/practical-plasma-gaming](https://slideslive.com/38911967/practical-plasma-gaming) Vitalik tweeted about LOOM and Plasma: [https://twitter.com/vitalikbuterin/status/984651585476116480?s=21](https://twitter.com/vitalikbuterin/status/984651585

4 days ago

Canada Debates Crypto Campaign Donations as Elections Loom

With the Canadian General Election scheduled for later this year, Elections Canada, the body responsible for overseeing federal political fundraising, is polling the relevant parties on the question of whether campaign contributions could be allowed in Bitcoin or other cryptocurrencies. Elections Canada have posted online that “with interest in cryptocurrency on the rise, political entities have requested guidance on accepting contributions and conducting other transactions in Bitcoin or altcoins”. This indicates that a change in the way donations are normally conducted may well be on the agenda, given the rise in Bitcoin’s popularity in the country. With the relevant political parties being asked to forward their view before 21 January, there is time left. Elections Canada terms cryptocurrency donations as non-monetary, in-kind contributions, claiming: “Like money, they can be used to make purchases from businesses that choose to accept them. But unlike money, they cannot be placed directly into a bank account. Instead, cryptocurrencies can be sold for traditional currencies that can be placed into a bank account.” This, according to Elections Canada, puts cryptocurrencies more on a par with stocks and bonds which the body regards as “a form of property”, thereby making them a non-monetary contribution. For its part, the draft note provided by the body takes the position that cryptocurrency donations are non-monetary, in-kind contributions. It points out this correlation to other authorities such as Elections BC (British Columbia) and the US Federal Election Commission, as well as the Canada Revenue Agency. This would mean that such offerings would be acceptable providing that cryptocurrency donations follow the same guidelines as set for other non-monetary contributions, exempting them from tax receipts. Currently, none of Canada‘s major political parties currently offers the option for crypto donations and to date, no party has responded to the Elections Canada request. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Canada Debates Crypto Campaign Donations as Elections Loom appeared first on BitcoinNews.com.

7 days ago

Cocos-BCX Testnet Launched! The next generation of digital game economy empowering over 1.3 million developers

With over 1.3 million developers, Cocos is the widely adopted game engine in Asia and is second around the world by market share. Many captivating games including Angry Birds, Badlands, Fight! and Clash of Kings were built using the Cocos development platform and several well-known game publishers including Zynga & Big Fish Games rely on Cocos2d-x on a daily basis. Many people in the blockchain and gaming space believe that games will be the first and foremost user-facing application built on a blockchain. Cocos-BCX [Cocos Blockchain Expedition] has entered the space with the goal to create an open system where game developers can have access to a new game engine and development environment supporting multiple blockchain systems. Cocos-BCX consists three core components: Cocos-BCX blockchain game engine : a software framework and virtual machine [run-time operating environment] that supports multiple blockchains, device types and operating systems An integrated development environment [IDE] An underlying public blockchain :  CocosChain, based on the Graphene framework and re-designed specifically for games & other high-performance applications Cocos-BCX first line of code was dropped in the month of November 2017 and the first demo of the platform was released in March 2018. On Dec 21, 2018, Cocos-BCX TestNet was officially launched, with three third-party games developed based on Cocos-BCX and a props exchange platform going live at the same time. The three games and exchange platform can be visited through Cocos-BCX official website “community” sub-page [English version to be released later]. With its vision to build a blockchain gaming ecosystem, Cocos-BCX has established strategic cooperation with partners including Ontology, Zilliqa, Tron, NEO on the integration via SDK, exchange gateway as well as NHAS-1808 standard [non-homogenous asset standard] powered by Cocos-BCX. Besides, Cocos-BCX has been working already with other blockchain projects such as Loom, Nebulas, Cell Evolution etc, and is open for collaboration with more potential partners in blockchain and gaming space. For more detail & updates of Cocos-BCX you can follow below official channels: Official website Blog Telegram Twitter Reddit Discourse Forums The post Cocos-BCX Testnet Launched! The next generation of digital game economy empowering over 1.3 million developers appeared first on AMBCrypto.

8 days ago

Cocos-BCX Testnet Launched! The next generation of digital game economy empowering over 1.1 million developers

With over 1.1 million developers, Cocos is the widely adopted game engine in Asia and is second around the world by market share. Many captivating games including Angry Birds, Badlands, Fight! and Clash of Kings were built using the Cocos development platform and several well-known game publishers including Zynga & Big Fish Games rely on Cocos2d-x on a daily basis. Many people in the blockchain and gaming space believe that games will be the first and foremost user-facing application built on a blockchain. Cocos-BCX [Cocos Blockchain Expedition] has entered the space with the goal to create an open system where game developers can have access to a new game engine and development environment supporting multiple blockchain systems. Cocos-BCX consists three core components: Cocos-BCX blockchain game engine : a software framework and virtual machine [run-time operating environment] that supports multiple blockchains, device types and operating systems An integrated development environment [IDE] An underlying public blockchain :  CocosChain, based on the Graphene framework and re-designed specifically for games & other high-performance applications Cocos-BCX first line of code was dropped in the month of November 2017 and the first demo of the platform was released in March 2018. On Dec 21, 2018, Cocos-BCX TestNet was officially launched, with three third-party games developed based on Cocos-BCX and a props exchange platform going live at the same time. The three games and exchange platform can be visited through Cocos-BCX official website “community” sub-page [English version to be released later]. With its vision to build a blockchain gaming ecosystem, Cocos-BCX has established strategic cooperation with partners including Ontology, Zilliqa, Tron, NEO on the integration via SDK, exchange gateway as well as NHAS-1808 standard [non-homogenous asset standard] powered by Cocos-BCX. Besides, Cocos-BCX has been working already with other blockchain projects such as Loom, Nebulas, Cell Evolution etc, and is open for collaboration with more potential partners in blockchain and gaming space. For more detail & updates of Cocos-BCX you can follow below official channels: Official website Blog Telegram Twitter Reddit Discourse Forums The post Cocos-BCX Testnet Launched! The next generation of digital game economy empowering over 1.1 million developers appeared first on AMBCrypto.

8 days ago

Bittrex Highlights the Progress It Has Made in Its 2018 Review

Cryptocurrency exchange Bittrex says that 2018 was an exciting year as they continued to foster innovation, incubate emerging technology, and drive transformative change in the blockchain industry. The exchange recently reviewed 2018 in a new blog post, highlighting its new partnerships, listings, and improved customer service experience. Bittrex’s Partners and Listings Last year, Bittrex created Bittrex International to cater to the needs of a global audience. Bittrex Technology was used to power CatalX- a new digital asset platform in Canada, as well as by Palladium when they launched the world’s first initial convertible coin offering. Bittrex stated in their 2018 review that: “We continued to reinforce our role as a global leader in the blockchain revolution by expanding our partnerships and furthering blockchain’s ability to provide groundbreaking solutions around the world.” Bittrex also partnered with Rialto trading on a digital securities trading platform, with Cryptofacil to launch a digital asset platform, with International CryptoX to launch a cryptocurrency exchange, with com on a new digital trading platform, and with VALR on a South Africa-focused digital asset trading platform. All these partners are leveraging Bittrex’s technology and its experience in the crypto trading sector to build new businesses. Bittrex also listed 58 new tokens on its platform of which 50 were added to Bittrex.com and 8 to Bittrex International. Crucial blockchain and crypto projects now listed on their platforms include Sirin Labs (SRN), 0x Protocol (ZRX), Tron (TRX), LOOM Network (LOOM), Enjin (ENJ), Paxos Standard Token (PAX), Bitcoin SV (SV), PundiX (NPXS), IOST (IOST), and Zilliqa (ZIL). Fiat Trading Rollout and Compliance In late May, the exchange added trading in US Dollars (USD) for its customers. By the end of 2018, over 30 US states were being provided fiat markets along with eligible customers from international markets. The platform now has 15 token markets for USD and is expected to add new ones this year. It reiterated its support in creating a fully-compliant and secure environment for blockchain projects, adding that it proactively engaged with regulators during the year to push for suitable policymaking. Kiran Raj, chief strategy officer at the exchange, participated in “Legislating Certainty for Cryptocurrencies” roundtable hosted by Rep. Warren Davidson to help encourage regulations and policy initiatives for the sector. Bittrex also worked towards educating and helping its customer’s more by adding 27 new insightful blogs with useful tips for their users. Bittrex Highlights the Progress It Has Made in Its 2018 Review was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

9 days ago

Plasma Cash Developers’ Guide - A Loom Network Tutorial See...

Plasma Cash Developers’ Guide – A Loom Network Tutorial See how Plasma Cash works on Loom sidechains and dive into… https://t.co/pEOrUxjfru

10 days ago

College credentials still loom large in hiring. But a new su...

College credentials still loom large in hiring. But a new survey of HR leaders finds growing interest in skills-bas… https://t.co/8XD675zqJm

11 days ago

Mapping out Ethereum’s Developer Ecosystem

Ethereum is by far the leading smart contract platform for developers. While the number of developers in the ecosystem is a topic of debate — estimates range from 250,000 to 350,000 — download data from popular development tools show that Ethereum continues to see increasing interest from developers. Influential members of the Ethereum community, in turn, have adopted BUIDL as their battle cry for developers to build products ranging from decentralized prediction markets, governance platforms, and security tokens, on Ethereum. With the growing interest in building on Ethereum, The Block has mapped out its developer ecosystem. We categorized the ecosystem into six sub-categories: (1) Protocols & Platforms (2) Testing & Frameworks (3) Infrastructure (4) Scaling (5) Privacy, and (6) Storage. PROTOCOLS & PLATFORMS Projects in this category provide base layers or foundations for dApps, companies, and other projects to build on. These projects can range widely from governance protocols (Aragon and Democracy Earth) to liquidity networks (0x and Bancor) to prediction market platforms (Gnosis and Augur). Generally, dApps or companies building on these protocols and platforms will leverage their native tokens for their operations. TESTING & FRAMEWORKS Projects in this category provide developer frameworks and test kits to build and test their dApps and products. Frameworks provide generic functionalities for developers to change and manipulate to their preferences. Testing tools enable developers to test their products in an environment that would not impact the main Ethereum network. INFRASTRUCTURE Infrastructure project offers pre-built tools for developers to quickly build and deploy dApps. These projects help developers lessen the workload and cost of building, deploying, and maintaining the tools necessary to run and distribute dApps. SCALING Scaling projects are building solutions to help Ethereum scale. These projects focus on a variety of scaling solutions including sidechains (POA Network), layer two (Skale Labs, Loom Network), and sharding (Prysmatic Labs). PRIVACY Privacy projects aim at developing privacy solutions for blockchain networks. Some projects in this category focus exclusively on adding privacy features for Ethereum (Aztec) while others are blockchain agnostic but Ethereum-focused. STORAGE Storage projects help developers store dApp data while maintaining the decentralized features of dApps. Because storing massive amounts of data on Ethereum is costly, developers leverage these decentralized storage projects to off-load the cost and host their data. The post Mapping out Ethereum’s Developer Ecosystem appeared first on The Block.

13 days ago

8 Ways Ethereum Proved Prophets Of Doom Wrong In 2018

Despite the 90% decline in its price, Ethereum has still been making moves in 2018. Forecasts for its ecosystem development, made last year, may have been exaggerated in terms of what the community could accomplish in 12 months. And that may be why we’re seeing the network valuation come back down to reasonable levels for a nascent technology. When speculators see a falling price it is difficult to sit back and admire everything that the Ethereum network is accomplishing, and it’s even harder to look at Ethereum with an open mind when the mainstream media seems to be focusing their coverage around the price decline and Consensys layoffs. Ethereum has seen greater adoption, regulatory certainty, and institutional interest this year; indicating that the coin is far from dead. As a 2018 year in review, here are 8 positive strides that Ethereum has taken in the last 12 months. 1. Increased Adoption - The Metric That Matters The Ethereum blockchain has seen increased active addresses and onchain transaction volume in 2018, which are both good proxies to measure adoption. The number of unique ethereum addresses recently even broke the 50 million mark, and depending on your source for information, the rate of unique address creation has increased in 2018 as well. According to Consensys, a newly created address was used, on average, for 35.45 days before going inactive, which means that the length of use this year is up over 3x, from an average of 11.25 days in 2017. Smart contract deployment rates have steadily increased in 2018 as well. Approximately 200k smart contracts were created and deployed in June since the start of 2018, and that number has grown to more than 1 million in October and nearly 1.8 million deployed in 2018 to date. This is an increase of nearly 25% year over year. The number of successful calls to smart contracts has remained consistent at 1.2 million per day when compared to 2017. Interest in the Ethereum community is growing in general as well. Reddit’s r/ethereum community has grown to more than twice its 2017 size, from 176k in early December 2017 to 418k in early December 2018, and several telegram communities have more than doubled their users as well. Other metrics to note that may show increased adoption are that Metamask has had over 700k downloads in 2018 and that Infura serves 10 billion API calls per day as of the first week of December. 2. Regulatory Certainty, Kinda Sorta On June 14th, 2018, William Hinman, Director of Corporate Finance at the U.S. Securities and Exchange Commission, made remarks indicating that he believed ETH is not a security. This gave rise to the notion that projects could start out as securities, and become decentralized enough to avoid security status despite having an ICO and a pre-mine. It’s important to note that this is only the opinion of one SEC official, and that this has not be proven true in court, but regulatory certainty paves the road for increased institutional adoption in 2019 as the participants can be more confident in their compliance. 3. Creating A Successful dApp Ecosystem 2018 was supposed to be the year that decentralized applications were to take off, and many ICO projects fell short of expectations. We do need to recognize, however, that several projects successfully launched on Ethereum in 2018 and are thriving. Despite increased competition from other platforms, Ethereum dApps still represent 95% of the total market share for dApps. Two projects to highlight that launched on Ethereum this year are Maker’s Dai and Augur. Maker launched Dai, a crypto-backed stablecoin, on Ethereum 12 months ago. In the last 12 months the ecosystem grew to hold over 1.6 million ether, has secured over 5000 collateralized debt positions, and maintained its peg during a 94% collapse in the price of ether. A major criticism of crypto collateralized decentralized stablecoins is that they cannot hold their peg amidst a collapse in the underlying collateral. With ETH collateralized debt positions, Dai was able to hold its peg to $1 while Ethereum’s price crashed down below $90, even after some CDPs were opened at ETH prices of over $1300 in January. This shows the resiliency of decentralized financial applications built on Ethereum. Maker has made other developments in 2018, notably that the code is ready to start offering multi-collateral Dai where debt positions can be backed by coins other than Ethereum such as ERC20 tokens. In regards to Augur, the project launched this past July and the development team was able to remove the backdoor into the system just weeks after launching, which shows their confidence in their solidity smart contracts and the back-end smart contracts have worked flawlessly to date. Approximately 15k ETH has been traded on Augur to date and millions of dollars have been staked on several markets. Another dApp project to highlight, developed by the team at Loom, is the game Crypto Zombies, which has seen over 400k unique

13 days ago

Coinbase CEO Reviews Accomplishments in Q4 2018, Says “Can’t Wait to Do It All Again in 2019”

Brian Armstrong, the CEO of cryptocurrency exchange Coinbase revealed a note he sent to the Coinbase team, stating their achievements in Q4 2018. He summarized how Coinbase had added more people to its team, new features, new cryptocurrencies and more. The New Entrants to the Coinbase Ecosystem The company added several new people to its team this year, as noted by Armstrong: “As expected, this put some strain on communication, decision making, and even trust. We’re a largely new team that still needs to come together and gel, and this will be a major focus of 2019.” He said that Coinbase had a lot of success with everything they launched and then listed and described the company’s new products and features. In Q4 2018, Coinbase added crypto-to-crypto trading for users and added a news feature which helps customers stay up-to-date with the latest crypto developments. It also added a feature called Watchlist that allows users to customize their dashboard and stay updated about the coins they are interested in. Coinbase also integrated with PayPal, allowing users to withdraw funds to their PayPal accounts for free. Coinbase Pro added whitelisting and address book. Coinbase Earn was added which is a new way to earn crypto while learning about it. Coinbase listed USDC, the Circle-backed digital programmable dollar (stablecoin) and other cryptocurrencies like Zcash and multiple ERC20 tokens, including BAT, GNT, LOOM, MANA, ZIL, ZRX, and MKR. Coinbase custody was established which now supports 79% of crypto assets by market cap. Expanding Its Horizons Coinbase launched in six new jurisdictions including Iceland, Lithuania, and the Isle of Man. Improving its security, the exchange migrated $5 billion worth of cryptocurrency to its Generation Four cold storage infrastructure. In the fourth quarter, the company raised another $300 million from investors in a Series E funding round. Coinbase invested in several up and coming crypto projects including Spacemesh, Alchemy, Abacus, Nomics, Starkware, Staked.us and more. Armstrong noted that the team focused on scaling last year to meet market demands and better serve their customers. He concluded by saying: “We asked a lot of everyone on the team. I’m proud of how we rose to the occasion to meet the challenges and opportunities before us this year.” Coinbase CEO Reviews Accomplishments in Q4 2018, Says “Can’t Wait to Do It All Again in 2019” was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

13 days ago

Circle Recaps 2018 and $24B OTC Trading Volume is Not the Company’s Only Achievement

CoinSpeaker Circle Recaps 2018 and $24B OTC Trading Volume is Not the Company’s Only Achievement It’s not a secret that 2018 was a rather controversial and challenging year for the cryptocurrency world. Nevertheless, some companies can be really proud of their year results. And cryptocurrency finance firm Circle is definitely one of them. In its official blog post, the company has shared its 2018 accomplishments. General Growth in 2018 According to the statement, Circle has managed to show excellent growth rates. At the current moment, it works with 8 million customers living in more than 195 countries. In 2018, the company conducted over 200 million transactions worth roughly $75 billion. Moreover, Circle started 2018 with two products and expanded to five by the end of December. Circle released its crypto investment app ‘Circle Invest’, acquired a digital token exchange Poloniex, issued its first stablecoin USDC, purchased a crowdfunding platform called SeedInvest - and it’s still not the full list of the company’s achievements for 2018. OTC Trading According to Circle, its OTC trading business, Circle Trade, is also expanding despite the difficulties that the entire industry faced in 2018. Circle Trade managed to welcome a record number of institutional customers, expand its services across the US, Asia, and Europe as well as to introduce significant technical improvements. As it has been revealed, in the previous year, Circle Trade executed over 10,000 OTC trades with 600 different counterparties. In total, the transactions across 36 digital assets generated a notional volume of $24 billion. OTC trading provides investors with an opportunity to conduct trades directly with one another without a necessity to rely on intermediaries such as crypto exchanges. In general, OTC trading services in digital assets represent a special interest for institutional investors who are turning to Circle Trade’s services more and more often. Acquisition of Poloniex Poloniex acquisition which happened in early 2018 is one of the most important events for Circle. Circle took a decision to acquire one of the earliest crypto exchanges with a view to expand its activities and offer additional support for cryptocurrencies as well as to provide its customers with enhanced services. In 2018, Poloniex experienced numerous upgrades including technical and regulatory changes. Moreover, a range of new digital assets was added to the platform. This list included EOS, BAT, SNT, KNC, LOOM, FOAM, MANA, BNT, and USDC. At the same time, 20 coins were excluded from Poloniex. Acquisition of SeedInvest Another strategic acquisition made by Circle in 2018 is purchasing SeedInvest. One of the reasons why Circle took a decision to acquire this crowdfunding platform is its desire to win a federal banking license. The end goal of this initiative is to register with the SEC and to give traders a possibility to buy and sell tokens as securities for the first time which could become an important accomplishment for the entire crypto community. 2018 was a very productive year for Circle but the company believes that 2019 will bring even more results. Circle Recaps 2018 and $24B OTC Trading Volume is Not the Company’s Only Achievement

13 days ago

Cryptocurrency CPU Mining Makes a Comeback in Late 2018

In the world of cryptocurrency mining, plenty of changes have occurred throughout the years. Whereas CPU mining once was people’s only option to generate Bitcoin, things have taken a few interesting twists and turns over the years. To date, CPU mining is pretty much unfavorable, although it may not disappear anytime soon. The new VerusHahs algorithm certainly wants to keep CPU mining alive, for the time being. Why CPU Mining Still Matters in 2018 and Beyond Anyone who has recently attempted to mine cryptocurrency with just their computer may have noticed that is a rather daunting task. Not because it is difficult to set up, as more mining tools make that particular aspect very straightforward. However, the rewards from doing so are nearly nonexistent, as more altcoins and Bitcoin have moved well past CPU mining over the past few years. Without multiple GPUs or even ASICs, mining cryptocurrencies is something at-home users shouldn’t necessarily pursue. Not only the hardware side of things has evolved in recent years. A lot of coins moved away from CPU mining simply because not doing so would invite botnets and hackers to maliciously mine specific currencies by taking control of other people’s hardware. This is exactly what has been happening to Monero over the past few months. The cryptojacking trend mainly revolves around Monero, as criminals will do their best to obtain cryptocurrencies through any manner they see fit. While that threat factor may continue to loom overhead, it would appear new currencies are also exploring options in the CPU mining department. The recently announced VerusHash 2.0 algorithm, is designed to make CPU mining not just profitable, but also fun again. A remarkable decision in this day and age of GPU and ASIC mining, although one that also makes sense in terms of making it accessible to everyone on the planet. One interesting aspect of this new algorithm is how it will be designed to be botnet resistant. The VerusHash 2.0 algorithm favors newer-generation CPUs over older models, which should put most botnet issues to rest. In virtually all cases, botnets are made up of computers and other devices with much older hardware under the hood. As such, this approach may turn out to be viable in the long run, although it also skews the “fairness” aspect a bit. The big question is whether or not anyone will be interested in exploring this new era of CPU mining. After all, the algorithm is linked to a currency no one has heard of and which may not necessarily become valuable in the long run. For those who simply want to experiment with this concept, however, the algorithm will prove to be an interesting solution to learn more about how the mining aspect of cryptocurrencies works exactly. For people who have been involved in cryptocurrency mining since the early days, this will be a nice throwback to the “good old days”. It is somewhat heartwarming to see developers acknowledge CPU mining has its merits, although it may not necessarily make people a lot of money. Putting the financial concerns aside, there is no reason to completely dismiss CPU mining in 2018 and beyond. The concept is still valid today, especially in terms of educational value. The post Cryptocurrency CPU Mining Makes a Comeback in Late 2018 appeared first on NullTX.

a month ago

We’re super excited to see Truffle v5 launched! Loom loves T...

We’re super excited to see Truffle v5 launched! Loom loves Truffle (and we support it out of the box). Read the of… https://t.co/RidYyq04IF

a month ago

XRP pairs with Stellar [XLM], DigiByte [DGB], USD Coin [USDC] on Coinfield

On 18th December, the popular cryptocurrency exchange, Coinfield that is based out of Canada announced that it will be pairing XRP with the fifth largest coin, Stellar [XLM], the stable coin USD Coin [USDC] and Digibyte [DGB]. The platform also announced that it will be expanding its services to 40 new countries. The original tweet read: “New #XRP pairings with Stellar #XLM, DigiByte #DGB and #USDC stablecoin shine as CoinField expands to 40 new countries.” In the month of November, Coinfield had informed its followers that the services of the platform had gone live in 60+ countries at the time. In the same announcement, it had also taken the decision to add XRP for trading on its platform to wherein the commission fee was set at 0.05% and 20 XRP pairs were added including fiat pairs of XRP with USD, CAD, EUR, GBP, JPY, and AED. Now, apart from XLM, DGB and USDC, two other unpopular coins have been added to increase the number of XRP pairs, i.e., Civic [CVC] and Loom Network [LOOM]. XRP has been a pro when it comes to gaining worldwide adoption as its parent blockchain firm, Ripple is inherently a global business. Therefore, XRP has been able to make its way around the globe at a fast pace via the RippleNet. Though successful, XRP has been an integral part of many controversies, from it being alleged security to the ecosystem being highly centralized. Anytime the token is in trouble, the Ripple executives do not fail to step forward and refute such allegations. Moh, a Twitter user and a cryptocurrency space enthusiast on Coinfield’s announcement stated: “awesome you can now get #digibyte #dgb with your #XRP!! Come to the true decentralized #cryptocurrency ! #DGB the standard.” Here, the Twitter handle known as XRP Research Center replied to the above comment and mentioned: “You’re kinda’ implying that XRP is not decentralized with that tweet. I’ll invite you to review what PoW has done with decentralization. Spoiler alert: Utopia.” - XRP Research Center Bobby Dee, who is also a DigiByte fan and follower also reverted and wrote: “In comparison to #DigiByte it is centralized ... and it’s more expensive to transfer value using XRP than DGB” - Bobby Dee The post XRP pairs with Stellar [XLM], DigiByte [DGB], USD Coin [USDC] on Coinfield appeared first on AMBCrypto.

a month ago

Why Coinbase Will List More ERC20 Tokens In the Coming Days

Only a few hours ago, crypto traders were treated to an early Christmas by Coinbase as the exchange listed 4 new cryptocurrencies on its Pro Version of the platform. The newly listed digital assets are Dai (DAI), Maker (MKR), Golem, (GNT) and Zilliqa (ZIL). The exchange went on to state that the smart contract functionality of these tokens will initially not be available. The announcement by Coinbase stated: Each of these tokens has associated functionality, some of which may be in beta. Moreover, each token’s associated functionality is not currently directly accessible via the Coinbase Pro platform. Coinbase’s Intention to Support the ERC20 Technical Standard Across the Platform News of the addition of more ERC20 tokens does not come as a surprise to many crypto enthusiasts who were aware that the exchange had announced its plan to support the Ethereum ERC20 technical standard on the platform. A March 2018 announcement by the exchange stated the following: We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future... Prominent ERC20 Tokens Listed By Coinbase The past few months and days have seen the platform list the following ERC20 tokens: 0x (ZRX), Basic Attention Token (BAT), USD Coin (USDC), Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA). This is in addition to the recently listed DAI (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL). Revisiting the List of 31 Digital Asset the Exchange Had Announced it Was Exploring Out of the 31 digital asset that Coinbase has announced it was exploring on supporting on the platform, only 6 are on their own blockchain networks. They include ADA, EOS, NEO, XLM, XRP and Tezos (XTZ). The rest are ERC20 tokens. A list of ERC20 tokens yet to be listed by the exchange are as follows. Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), EnjinCoin (ENJ), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loopring (LRC), Mainframe (MFT), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT) and Storj (STORJ) Savvy crypto traders have probably started the process of elimination to try and figure out which of the 17 remaining tokens will be next on Coinbase thus providing profitable trading opportunities. What About XRP, Stellar (XLM) and Cardano (ADA)? Based on Coinbase’s aforementioned preference to list ERC20 tokens first, it is safe to conclude that the exchange will not list the popular cryptocurrencies of XRP, XLM and ADA anytime soon. However, their is still a slight chance that the exchange might surprise us like they did when they listed ZCash. No one expected them to list ZEC before XLM and ADA. As we approach Christmas, the odds of Coinbase surprising us by listing an unlikely coin (not ERC20 token) should be considered. But we also have to be realistic based on the fact that ERC20 tokens are more likely to be listed before XLM, ADA and XRP. What are your thoughts on the possibilty of Coinbase continuing to list more ERC20 tokens? 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 Why Coinbase Will List More ERC20 Tokens In the Coming Days appeared first on Ethereum World News.

a month ago

Breaking: Coinbase Lists Dai, Maker (MKR), Golem (GNT), and Zilliqa (ZIL)

On Tuesday afternoon, Coinbase Pro, the professional trading platform of the similarly named startup, divulged that it would be listing four prominent altcoins as its 9th daily announcement for its “12 Days Of Coinbase” initiative. As revealed in a blog post pertaining to this news, the platform will be listing DAI and Maker (MKR), the two primary digital assets that pertain to the MakerDao project, Golem (GNT), widely dubbed one of Ethereum’s most promising products, and Zilliqa (ZIL), a startup aiming to initiate the blockchain 3.0 revolution. DAI, GNT, MKR, and ZIL order books will soon enter transfer-only mode. We will accept inbound transfers in the regions where trading is supported. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/Ov3BtA1BWE — Coinbase Pro (@CoinbasePro) December 18, 2018 These four cryptocurrencies are all Ethereum-based tokens, which lines up with the startup’s recent listings of Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA). Starting today, Pro will begin to accept “inbound transfers” for the projects mentioned in this article’s first paragraph, before opening order books once sufficient liquidity and demand is established. Support for GNT and DAI will be initially available for Coinbase’s clientele in the U.S. (except NY State), the U.K., E.U., Canada, Singapore, and Australia. MKR and ZIL will also be offered for consumers situated in the listed countries as well, except for the U.S., presumably due to regulatory constraints. It is important to note that this feature isn’t available on Coinbase.com (Consumer) just yet, but this is likely to change over the next few weeks. Ethereum World News will update you as time goes on. Make sure you keep in checking in. Title Image Courtesy of Marco Verch Via Flickr The post Breaking: Coinbase Lists Dai, Maker (MKR), Golem (GNT), and Zilliqa (ZIL) appeared first on Ethereum World News.

a month ago

Ethereum Remains One of the Most Popular Blockchain Networks

The Ethereum Network remains one of the most popular blockchains for new cryptocurrencies and crypto-based apps thanks, in part, to its smart contracts capabilities, and new data for 2018 suggests a network wrought with projects and growing trust amongst industry colleagues. Ethereum Is a Loved Asset Ethereum was a long-time holder of the number two position in the top ten list of largest cryptocurrencies by market cap. As of late, that position is now held by Ripple and its cryptocurrency XRP, though trust in the Ethereum network hasn’t gone down - despite ether’s price drop from roughly $1,400 in February to about $88 at press time. No doubt, a crypto winter has gathered on the horizon, but Ethereum, itself, appears to be doing quite well. In 2018, the network processed a total of 353 million transactions. That’s an increase of approximately 100 million transactions in just the last six months alone. At the time of writing, the average number of daily transactions stands at nearly 610,000. In addition, the network boasts a total of 49 million unique addresses all on its own - up from about 13 million in December of 2017. Smart Contracts Can Do a Lot As smart contracts capabilities have grown, deployments of such contracts have increased steadily over the past 12 months. Since June, approximately 200,000 new smart contracts have been created. This number surpassed the one million-mark in October, then hit 1.5 million last November. The Ethereum Network remains the most successful smart contracts platform in the cryptocurrency arena, accounting for roughly 96 percent of new coins entering the space. The platform is also home to dozens of decentralized apps (dApps) including widely used Web3 browser extension MetaMask; the Truffle Framework tools suite, and the Loom Network, which allows gaming dApps to scale. What About Other People? Miner activity has also increased tenfold over the past year. Approximately 11,000 active nodes are currently interacting with the Ethereum Network. They cross over six different continents and have demonstrated strong geographic diversity. Miner rewards have also remained relatively consistent, with the average miner earning approximately 620,000 ETH a month. And at the end of the day, the network’s popularity amongst the general population doesn’t appear to be diminishing. Reddit’s r/Ethereum community has more than doubled from approximately 176,000 members in December 2017 to around 418,000 at the end of this year. The network is also garnering newfound attention from venture capitalist firms like Andreessen Horowitz, which recently pledged roughly $15 million to MakerDAO - a project built on the Ethereum Network. Will Ethereum’s growth continue into 2019? Why or why not? Post your comments below. Image courtesy of Shuttershock The post Ethereum Remains One of the Most Popular Blockchain Networks appeared first on Live Bitcoin News.

a month ago

Loom 2.0 Initial Release Build 651 - Dec 14th * Loom SDK 2....

Loom 2.0 Initial Release Build 651 - Dec 14th * Loom SDK 2.0 * Updated P2P protocols * Updated EVM Txs in block ex… https://t.co/YChtdyNj8F

a month ago

@nylotterypicks The LOOM token is going to primarily be used...

@nylotterypicks The LOOM token is going to primarily be used to secure PlasmaChain via DPoS, and as a native curren… https://t.co/muwhzeUVSw

a month ago

VanEck’s Director Says Regulators Have Their Priorities Backward as the SEC Continues to Postpone Bitcoin’s ETF

VanEck director Gabor Gurbacs is enraged by the SEC’s decision last week to extend the review period for the VanEck/SolidX Bitcoin ETF to February 27. On top of this disappointment, Coinbase announced that that it had listed four small-cap ERC20 tokens including CVC, DNT, LOOM, and MANA on its platform. To this end, Gabor took to Twitter to call out the SEC’s double standards regarding assessing the risk between retail and institutional investors. According to Gabor, the SEC is not playing fair by allowing Coinbase to list s**tcoins while postponing the approval of their Bitcoin ETF. (KE)

a month ago

Coinbase Pro Announces the Listing of ERC20 Tokens of Civic (CVC), LOOM, DNT, and Decentraland (MANA)

Coinbase Pro, the Pro version of crypto exchange Coinbase, has announced to the cryptocurrency community that it is listing the ERC20 tokens of Civic (CVC), Loom Network (LOOM), Decentraland (MANA), and district0x (DNT), a report said. The announcement comes just a few hours after Coinbase revealed that it was exploring adding 31 new virtual currencies. As per the report, Coinbase Pro is already accepting inbound transfers of MANA, LOOM, DNT, and CVC. (VK

a month ago

10 Most Popular Asia Crypto Articles of November

What Crypto insiders are reading. GCR is founded with a simple mission, to be the most reliable news source for the community that want to stay up to date on Crypto and Blockchain happenings in Asia, and share stories and exclusives you won’t read anywhere else. Fast-forward to now, and our mission hasn’t changed. We’re continuing to deliver stories that aren’t being reported by major news outlets, steadily expanding our coverage, and strategically scaling our team. It’s always interesting to take a moment to reflect and see which of our recent shared news links have taken off and resonated with our readers. From here now on, twice a month, we are offering a glimpse into the most popular stories. Without further ado, here are the most popular stories in November: 10. Chinese school principals caught mining Ethereum at work: http://bit.ly/2QyHkXp 9. iSTOX, a blockchain-based capital markets platform, has secured an undisclosed amountof investment from Singapore Exchange (SGX) and Temasek-subsidiary Heliconia Capital Management. http://bit.ly/2AYncIw 8.Blockchain’s first appearance in Alibaba’s November 11th Shopping Holiday: tracing for 150 million overseas products: http://bit.ly/2QFv6vO 7. BUIDLing Binance Labs Incubation Program Season 1 Mid-Review. http://bit.ly/2zq0mYv 6. Ahead of the imminent Bitcoin Cash (BCH) hard fork, mining giant Bitmain has rushed to deploy around 90,000 Antminer S9 machines to the western Chinese region of Xinjiang:http://bit.ly/2Qt4KNE 5. Study by ConsenSys and Whiteblock team reveals fake transaction throughput on EOS Network: http://bit.ly/2AXxdGf 4. Researchers rank cryptocurrency exchanges by how secure they are: Kraken the safest, Huobi and OKEx the riskiest. http://bit.ly/2AX42To 3. Bitmain CEO- “ investments from ICOs is nose diving. Tokens’ prices may fall another 90 percent.” http://bit.ly/2yXP12y 2. Binance launches Binance Research and showcases reports on Go Chain and Loom Network . http://bit.ly/2JRIHhe 1. BTCC is shutting down its mining pool business on November 15 and cease operations indefinitely from November 30 onwards. http://bit.ly/2yVLpOw If you find these stories interesting, we urge you to subscribe today to be the first to be notified.

2 months ago

Here’s the latest article in the Loom Tutorials series. Lea...

Here’s the latest article in the Loom Tutorials series. Learn more about the ERC721x token standard, which we use… https://t.co/j0aA96AgBS

2 months ago

There are many open source projects in the space that make w...

There are many open source projects in the space that make what we do at Loom possible. We wanted to take the time… https://t.co/h8O1H35Mtb

2 months ago

Why Blockchain-Based Projects Need to Be Their Own Early Adopters

The perks of decentralization are well-known - no single entity to control the process, reduced costs, and higher security due to the distribution of nodes. However, is it enough to attract the average user to blockchain-based platforms? Statistics prove that the answer is no, unfortunately. Most people simply do not care about the benefits of decentralization, but rather about how useful and user-friendly the products are - regardless whether they are built on the blockchain or not. Still, blockchain projects continue to launch empty platforms with no particular application. So how do you attract users and make the blockchain more widespread? The possible answer is to be your own early adopter and create original content! The absolute majority of blockchain projects die fast Ever wonder how many of blockchain companies manage to stay alive and active after several years? A recent study conducted by the China Academy of Information and Communications Technology found that for over 80,000 blockchain-based projects launched globally, only 8% are still in active operation. The average lifespan for such projects is just a bit over one year (1.22 years). The possible reason for this is low demand: the data on the number of users shows that blockchain projects lack user adoption. Daily Active Users (DAU) discloses that the number of users of the most popular applications on Ethereum is less than 1,000. Compare that to Facebook, for example, which has about 1.5 billion users visiting it every day! Another example is Steemit, a decentralized social network, that announced it had surpassed 1 million users in May 2018. That’s definitely a milestone, but to put this in perspective Medium has 60 million readers monthly. What stops the blockchain from mass adoption? Expert opinions Dr. Michael J. Garbade, the founder and CEO of Education Ecosystem and serial entrepreneur, lists the nine obstacles to blockchain adoption - among them are people’s resistance to change and lack of primary application. His opinion is supported by other industry experts, such as Ivan Vankov, principal blockchain architect at Cognition Foundry. “Every one try to revolutionize something with blockchain. Mass media and social expectations push you to this behavior, always to look for the maximum, for the extreme, for unique and different, but the reality is very different. People do not like revolutions, especially if they are involved in it. People will do everything that they can do so tomorrow to be the same as yesterday. Same apply for business. Do not try to revolutionize, try to evolve. ” This statement is proven by recent history: researchers started using TCP/IP, the technology that makes it possible to send emails to each other, in 1972. A number of companies were exploring the opportunities of TCP/IP during the 1980s, but the solution didn’t evolve until the mid 1990s. For the blockchain, the process is likely to be similar - and the projects will have to adjust to their customers so that they get used to the new technology. As James Martin Duffy, co-founder at Loom Network, says, “[There is a] lack of ‘killer dApps’ - applications that are good enough to incentivize millions of users to really want to use them.” James explains, “They might conceptually understand why decentralized apps are better. But simply saying, ‘It’s Facebook — but decentralized!’ doesn’t seem to be a strong enough value proposition to get people to jump ship from a centralized Facebook that, despite its many shortcomings, more or less works just fine. For the majority of mainstream users, the promise of decentralization, in itself, is not enough.” The question remains: how do you make average users interested in blockchain projects? One of the possible solutions is providing original content to the users so that they become interested in it - and addicted to it. Be your own early adopter - create original content The recent research by IHS Markit shows that Netflix produced 1,257 hours of original content in 2017 - 25% more than planned! This year, the company is going to spend $8 billion on it (up from $6 billion last year). Amazon Prime, Netflix’s competitor, is far behind with only 285 hours in 2017 - however, 40% of them was original first-run international content. For both companies, the number of original hours produced annually was steadily increasing during the last five years - and so was the number of subscribers, by the way. As Matt Ward, angel investor, startup advisor, and entrepreneur, explains, “We are a species evolved in an era of scarcity. When granted abundance, most simply increase their expectations of quality and originality — hence Netflix... Any CEO worth their salt realizes self-sufficiency trumps all else, thus Netflix started creating original content (well after their innovation with streaming video) to cut out the producers/royalties. While incredibly expensive in the short term, this strategy would (and will) pa

2 months ago

Loom Network Adds New Fantasy RPG Game to Its Platform

The Loom Network (LOOM), a DPoS based blockchain application platform built on the Ethereum platform, recently announced the addition of the new ‘Coins & Steel’ fantasy RPG game to its ecosystem. The new game uses ERC20 and ERC721 tokens to represent in-game objects like resources, pets, and items which players can buy, sell or trade on the open marketplace. According to the creators of Coins & Steel, “the game boasts a variety of classes with a branching skill system as well as features designed around fortifications, owning or defending your own slice of the world.” (JF)

2 months ago

Dark Clouds Loom Over Crypto Mining Industry as Viability Reduces

Crypto markets have seen deep cuts in prices over past one week or so and the industry that has been impacted the most because of this fall is the crypto mining industry. As prices of electricity have been getting expensive and this drop in crypto prices has made cryptocurrency mining completely unviable resultant a lot of crypto mining shops are going dark. NewsFlow from Crypto Mining industry speaks of pain As the prices of cryptocurrency began to plunge, everyone was aware that the crypto mining industry would be affected, but little did anyone know that it would lead to calamities like bankruptcies and mining shops shutting down. It all seems to have started with the news that came in from the United States where GigaWatt Inc., appeared at Washington’s Eastern District federal court and filled their Chapter 11(Bankruptcy) documents which revealed that the company had less than USD 50000 worth of assets and its largest creditors owed nearly $70 million. Slowly all attention turned to China, which has long been the most popular country for bitcoin and cryptocurrency mining thanks to the low rates and charges for electricity. But, with crypto prices below the floor levels now, these low energy rates are not enough to keep crypto mining in a viable range. A news report appeared in South China Morning Post that gave the plight of the Chinese crypto mining industry. It quoted A group of Chinese cryptocurrency miners, who declined to be named for fear of government reprisal, said they have already shut down 20,000 rigs, or about 10 percent of the total number of machines they operate at an average power cost of 0.4 yuan per kWh. There has been some more news flowing in from China these dying crypto rigs forcibly selling the machine at the price by kilograms. The founder of F2Pool, a bitcoin mining giant in China was also quoted saying that the sudden crash of bitcoin has led to thousands of mining companies to shut down. Some local media sources from China are also reporting that in the last few days that hashrate of bitcoin has fallen by more than 50 percent, to 34 quintillion Among the equipment guys, the cryptocurrency sell-off has now forced miners to remove at least four high end models of bitcoin mining equipment, which includes the Antminer S7 and Antminer S9 from Bitmain Technologies and AvalonMiner 741 from Canaan Creative, because these have become too expensive to operate under present market conditions, according to estimates by F2Pool on Wednesday. Apart from model removal, the fate of the IPO both Canaan Creative and Bitmain hangs in middle. According to the report published in South China Morning Post, Beijing-based Bitmain and Canaan, headquartered in the eastern coastal city of Hangzhou, are the world’s two biggest suppliers of cryptocurrency mining rigs. These two companies, along with smaller rival Ebang International, have separately announced plans for an initial public offering in Hong Kong. Canaan is said to have let its initial public offering application lapse and there is no word on Bitmain’s IPO as of yet, but it certainly looks like it waited too long for its listing. Well, it looks like hell has broken out for the Mining companies as well as crypto mining equipment manufactures. Although the short-term outlook seems meek, the community still hopes for a speedy recovery of markets so these rigs can flourish again Will the markets recover soon and bring back glory days for the mining industry? Do let us know your views on the same. The post Dark Clouds Loom Over Crypto Mining Industry as Viability Reduces appeared first on Coingape.

2 months ago

Monero [XMR/USD] Technical Analysis: Bear continues to loom over the market despite bull’s efforts

Monero [XMR], the tenth-biggest cryptocurrency by market cap, has been doing relatively well today, in comparison to other coins in space. The coin successfully managed to dodge most of the bear’s bullets and managed to glow green along with Tron [TRX], Bitcoin Cash [BCH], and Dash. According to CoinMarketCap, at press time, Monero is trading at $65.35 with a market cap of $1.08 billion. The coin has a trading volume of $13.08 million and demonstrates a downfall of 24.06% in the past seven days. One-hour: Monero one-hour price chart | Source: Trading View In the one-hour chart, the cryptocurrency demonstrates a downtrend from $90.15 to $69.96 and further slumped to $67.78. It has an uptrend from $65.03 to $66.50. The coin has an immediate resistance at 69.98, after which the next stop level is at $71.85. It has a strong resistance point at $76.84. Monero demonstrates an immediate support at $64.59 and a strong support at $63.64. Chaikin Money Flow pictures the coin running towards the bull’s realm as the money has started to flow into the market. Nonetheless, Parabolic SAR is dragging the coin back to the bear’s kingdom as the dots have aligned above the candlesticks. Bollinger Bands shows that the bands have started to expand in the market, predicting a volatile market for the coin. One-day: Monero one-day price chart | Source: Trading View In the one-day chart, Monero pictures a downtrend from $203.52 to $114.07. It also shows a steep downtrend from $84.20 to $66.07. The chart shows that the coin has not formed a significant uptrend since its plunge in the market. It has an immediate resistance at $114.24 and a strong resistance at $147.44. The coin is currently trading close to its support level, which is set at $65.94 RSI shows that it is cradled by the bear as the selling pressure is more for the coin than the buying pressure. MACD is also resting in the bear’s kingdom as the moving average line crossed over to take the route downhill. Klinger Oscillator is along side MACD as the reading line made a crossover to go below the signal line. Conclusion: The bear has managed to keep RSI, MACD and Klinger Oscillator from the one-day chart, and Parabolic SAR from the one-hour chart. Nonetheless, the bull is trying draw the attention of CMF from the one-hour chart. The post Monero [XMR/USD] Technical Analysis: Bear continues to loom over the market despite bull’s efforts appeared first on AMBCrypto.

2 months ago

XRP Price Needs to Find Support a $0.35

It has become more than apparent a lot more altcoins and assets are linked to Bitcoin than most people assumed. In fact, it seems the value of XRP is still linked to Bitcoin in some ways, which is rather surprising. Unfortunately for XRP holders, this also means its value will tank alongside Bitcoin and cryptocurrencies alike, which is not something a lot of people are looking for. XRP Price Seeks Control of $0.35 Although XRP is usually one of the more stable assets compared to cryptocurrencies, it seems that situation is no longer accurate. There are two different aspects to how the value of XRP is evolving, as both the USD and BTC value seem to be linked rather closely right now. That does not bode well for the future valuation of this asset, as the overall negative price trend is now affecting XRP in a major way. Over the past 24 hours, there has been a net 14% loss in XRP’s USD value, combined with a 3% loss over Bitcoin. While that is not necessarily too bothersome in the XRP/BTC department, it is evident there is no positive momentum to keep the value above $0.35 right now. This situation is always subject to change, but for now, it simply isn’t looking good whatsoever. On social media, a lot of talks surrounding XRP have either quieted down or turned around for the worse. More specifically, there are still some positive developments taking place. The launch of XRP Community Popo, while not a big development, still shows spreading information on this project will be a key point of focus moving forward. XRP Community Popo is officially here. Get alerts on ALL the misleading statements, predictions, clickbait, and more made by your community "elites". #xrp #xrpcommmunity #xrparmy #xrpstrong — XRPCommunityPoPo (@XRP_PoPo) November 25, 2018 Ben Maouhoub, on the other hand, acknowledges the current cryptocurrency and crypto asset price trend is anything but promising. In fact, it would appear the current dip is a bit enticing to people who want to buy in cheap, although one has to wonder how things will evolve in the near future. Continuing to buy the dip is an option, although not necessarily a viable one. Me: “Invest responsible!“ Also me: “Kids, say hello to your new family! ...and be friendly - they've paid a lot, so that daddy can buy dip no. 100“#btc #XRP #ETH — Ben Maouhoub (@BenMaouhoub) November 25, 2018 When looking at today’s XRP price momentum, it is evident things are not looking too great. The value per XRP hit a low of $0.328 earlier today, although the current momentum seems to be slightly more positive first and foremost. As such, it seems things may turn around for XRP pretty soon, albeit for now, this negative pressure will continue to loom overhead first and foremost. XRP Overview - 24 Hour: Average $XRP price across exchanges: $0.349647Change: $-0.057084 (-14.04%)High: $0.406878Low: $0.328383Volume: $140.94MMarket Cap: $13.86B View more details at: https://t.co/DziTJtCCH8#XRP #XRP #Cryptocurrency pic.twitter.com/sja6F2nRC6 — Ripple Price [XRP] (@CryptoPriceXRP) November 25, 2018 When looking at the bigger picture, it would appear the XRP price might not find stability at $0.35 right now. There is still a lot of potential in this market right now, albeit the overwhelming bearish pressure is not looking too great. As such, a further drop to $0.32 or even $0.3 is certainly possible, which further confirms the pressure is not over just yet. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post XRP Price Needs to Find Support a $0.35 appeared first on NullTX.

2 months ago

@jtochamberlain @Litcoin2462 @CryptoSpotlight @novogratz @Cr...

@jtochamberlain @Litcoin2462 @CryptoSpotlight @novogratz @CryptoCoinsNews No, Loom is totally separate from EOS. Th… https://t.co/s0W4xuPGPK

2 months ago

@bitjoy_eos @TerrenceLaw1 @macaddress007 @finchify @novograt...

@bitjoy_eos @TerrenceLaw1 @macaddress007 @finchify @novogratz @Activision Loom operates sidechains to Ethereum. So… https://t.co/yF9dhCcEXx

2 months ago

We just published the latest article in our Loom tutorial se...

We just published the latest article in our Loom tutorial series (which includes a sample app). Learn how to move… https://t.co/ZK7TxIPs81

2 months ago

XRP Price Remains Stuck at $0.5 Despite Wider Integration in the Finance Sector

In the world of cryptocurrencies and digital assets, a lot of interesting things are happening lately. Most of the top markets remain subdued, and XRP is - once again - no exception in this department. The asset continues to struggle for price stability, as $0.5 remains a level of substantial resistance. A few interesting days may loom ahead for XRP, although the price impact may be minimal. XRP Price Can’t Escape the $0.5 Level Earlier this week, it seemed to be a matter of time until XRP broke through to $0.55. As has been the case more often than not throughout 2018, no uptrends can be sustained for more than a few hours. For XRP watchers, this means the wait for a price above $0.5 is still far from over, although things are not looking all that bad either. Over the past 24 hours, there has been a small downtrend for XRP in both USD and BTC value. The asset lost 2.2% in USD value, primarily because XRP dropped by 1.9% against Bitcoin. This latter part has been a major struggle for XRP this year, as maintaining control over the 8,000 Satoshi level is not as easy as initially assumed. As such, the current Bitcoin price slip drags everything else down with it once again. There is some good news which could give the XRP price a healthy boost in the coming days. First of all, Paycent is adding XRP support to their platform come December 2018. This will let users spend these funds through the native app, or convert it to fiat currencies using their native Paycent card. Another major use case for this asset, as it continues to gain traction in the payment card industry lately. Mark your calendars! #XRP #Ripple will be available on the #Paycent App on December 7th through the Paycent Card. @rippleSpend #BTC , #ETH , #LTC , #DASH, #BNB throughout the world with the Paycent App today: https://t.co/9YgvoH8Zwz Join the conversation https://t.co/xl6f1rK59U pic.twitter.com/zG9CsckLdU — Paycent (@PaycentGlobal) November 14, 2018 Second, it seems the mainstream media in the UK is showing XRP some love these days. The ongoing “spat” between Ripple and Swift makes for some interesting headlines, for rather obvious reasons. Although the impact by the media has certainly diminished over the years, this is still a promising sign regardless. Ripple is starting to pop up in the mainstream newspapers over here in England. via @telegraph#XRPCommunity #ripple #xrpthestandard https://t.co/nUzBoukdwf — XRP London (@XrpLondon) November 13, 2018 Every cryptocurrency or digital asset needs a meme now and then. In the case of XRP, a cat meme will do the trick nicely. Although this meme will not necessarily convince SBI to officially use xRapid in a live manner, the sentiment is rather clear. The impact of xRapid on the actual XRP price remains difficult to predict, though. I think today it’s time for @sbivc_official to walk/run to the button and give it a hard push so we can start using #xrapid with big numbers of volume! #xrp #ripple strategetly before 15th of November @bgarlinghouse @JoelKatz pic.twitter.com/HNzopuoXo2 — XRP to the M (@bosontwerp) November 14, 2018 Although there are interesting things going on behind the scenes, the XRP value is not evolving in a similar direction. While that is not uncommon by any means, it will certainly put some holders and speculators on edge. For the time being, it seems no real uptrend will materialize for more than a few hours, although the week isn’t over by any means. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post XRP Price Remains Stuck at $0.5 Despite Wider Integration in the Finance Sector appeared first on NullTX.

2 months ago

Loom SDK Release 575 - Nov 13th * HSM support for Yubico De...

Loom SDK Release 575 - Nov 13th * HSM support for Yubico Devices * Plasma Cash massive improvements, see Plasma Cl… https://t.co/I9CADtSunG

2 months ago

Exchanges Roundup: Revolut CEO Discusses Investment, Etoro Starts Rollout of Wallets

In recent exchange news, the chief executive officer of Revolut has expressed doubt regarding the institutional appetite for cryptocurrency exposure, Binance has launched a new research division, and Etoro has begun the gradual rollout of its wallet for Android and iOS users. Also Read: Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia Revolut CEO Skeptical on Institutional Investment Nikolay Storonsky, the chief executive officer of fintech unicorn Revolut, recently expressed skepticism regarding the rhetoric circulating throughout the cryptosphere that suggests institutional investors are eager to gain exposure to bitcoin. “There is no interest from big institutional investors so far,” Storonsky said at the recent Web Summit 2018 in Lisbon. “Unless these big institutional investors and hedge funds move heavily into the crypto world I just don’t think banks will move because they simply try to make money from their clients.” Despite his statements, Storonsky concluded that “fintech will be very big in crypto for the foreseeable future.” He added: “I just don’t think banks will catch up.” Binance Announces Research Division Binance, the leading cryptocurrency exchange by trade volume, has announced the launch of a new in-house analysis division, Binance Research. The company said that the new division will “increase transparency and (the) accuracy of information in the cryptocurrency and blockchain space.” It added that it aims to “shine a spotlight on quality blockchain projects.” As of this writing, Binance Research has published a report providing analysis on Loom Network, as well as another one on Gochain. According to the company’s website, a report looking at Pundi X will also be published “soon.” Etoro Starts Rollout of Android and iOS Wallets Social trading platform Etoro has started launching its cryptocurrency wallet for Android and iOS users. According to a press release, the wallet is being rolled out in different countries in phases in order to “ensure the best customer experience for clients.” The wallet is currently available for download via Google Play and Apple’s App Store. It will only support BCH, ETH, LTC and BTC. Etoro plans to eventually add support for other cryptocurrencies in the future. “The eToro wallet today is just the beginning and we will be adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in-store and more,” said Yoni Assia, the chief executive officer of Etoro. Do you think that the hype regarding the institutional appetite for crypto is real? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Wikipedia, Etoro At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Exchanges Roundup: Revolut CEO Discusses Investment, Etoro Starts Rollout of Wallets appeared first on Bitcoin News.

2 months ago

Exchanges Roundup: Revolut CEO Discusses Investment, Binance Launches Research Unit

In recent exchange news, the chief executive officer of Revolut has expressed doubt regarding the institutional appetite for cryptocurrency exposure, Binance has launched a new research division, and Etoro has begun the rollout of its wallet for Android and iOS users. Also Read: Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia Revolut CEO Skeptical on Institutional Investment Nikolay Storonsky, the chief executive officer of fintech unicorn Revolut, recently expressed skepticism regarding the rhetoric circulating throughout the cryptosphere that suggests institutional investors are eager to gain exposure to bitcoin. “There is no interest from big institutional investors so far,” Storonsky said at the recent Web Summit 2018 in Lisbon. “Unless these big institutional investors and hedge funds move heavily into the crypto world I just don’t think banks will move because they simply try to make money from their clients.” Despite his statements, Storonsky concluded that “fintech will be very big in crypto for the foreseeable future.” He added: “I just don’t think banks will catch up.” Binance Announces Research Division Binance, the leading cryptocurrency exchange by trade volume, has announced the launch of a new in-house analysis division, Binance Research. The company said that the new division will “increase transparency and (the) accuracy of information in the cryptocurrency and blockchain space.” It added that it aims to “shine a spotlight on quality blockchain projects.” As of this writing, Binance Research has published a report providing analysis on Loom Network, as well as another one on Gochain. According to the company’s website, a report looking at Pundi X will also be published “soon.” Etoro Starts Rollout of Android and iOS Wallets Social trading platform Etoro has started launching its cryptocurrency wallet for Android and iOS users. According to a press release, the wallet is being rolled out in different countries in phases in order to “ensure the best customer experience for clients.” The wallet is currently available for download via Google Play and Apple’s App Store. It will only support BCH, ETH, LTC and BTC. Etoro plans to eventually add support for other cryptocurrencies in the future. “The eToro wallet today is just the beginning and we will be adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in-store and more,” said Yoni Assia, the chief executive officer of Etoro. Do you think that the hype regarding the institutional appetite for crypto is real? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Wikipedia, Etoro At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Exchanges Roundup: Revolut CEO Discusses Investment, Binance Launches Research Unit appeared first on Bitcoin News.

2 months ago

Want to learn how to deploy your first app to Loom PlasmaCha...

Want to learn how to deploy your first app to Loom PlasmaChain (+ sample code)? This tutorial will get you started… https://t.co/A0FX9CwFtK

2 months ago

We wrote about these issues because they were some of the th...

We wrote about these issues because they were some of the things we were setting out to solve at Loom Network. And… https://t.co/TSPBWbDxP4

2 months ago

Ethereum Price Watch: Currency Stays Put Near $215 Region in Wake of Fresh New Exit Scam

At press time, Ether is trading at a stable price point of $214.06, thereby showcasing a minor value gain of around 1.45% since yesterday afternoon. As is clear from the chart below, ETH has finally found some stability after having dipped below the $200 threshold around a week back. However, as an overall bearish sentiment continues to loom large over the global crypto sector, it is still unclear as to what the future really has in store for Ether at this point. Korean Exit Scam Makes Way With Around $2.7 Million Worth of ETH The crypto industry is known to be plagued with a number of scams that are designed to rip off unsuspecting investors of their hard-earned money. In this regard, it is now being reported that a South Korean crypto startup has pulled off an exit scam wherein the owners of the firm were able to steal thousands of Ether tokens from their initial backers. - New Korean exchange Pure Bit just pulled an exit scam claiming 13,000ETH from its investors as we speak. Kakao channels are emptying and the site has been pulled. This is why we can’t have nice things. Karma comes back hard when you screw this many people over. pic.twitter.com/GDkjiz1gAq — Korean Cryptocurrency & Blockchain News (@BlockchainROK) November 9, 2018 According to local media outlets, PureBit, a firm that promoted itself as being a crypto exchange platform, was able to procure a total of 13,000 Ether (ETH) before the owners swiftly transferred the received ETH into their personal wallets. Decentralized Exchanges Witness Drop in Daily Trade Volume Following the SEC’s Latest Regulatory Actions After reports of the SEC taking stringent action against EtherDelta starting surfacing all over the internet, it is now be being said that a lot of crypto traders are shying away from using decentralized crypto trading platforms till they hear more from the regulatory body regarding its future plan of action in relation to DEXs. Yesterday: SEC charges founder of EtherDelta decentralized exchange Today: The volume of the world's top 2 decentralized exchanges is down over 50% pic.twitter.com/lReBbp3NUm — DRIVE Markets (@DriveMarkets) November 9, 2018 According to the SEC, the folks over at Etherdelta were illegally indulging in activities related to securities trading— something which the government body found to be in direct violation of its existing rules of conduct. Final Take While the ETH ecosystem has been facing a lot of backlash from investors over the past couple of weeks (especially regarding its failed Constantinople Hardfork), people like Eric Vorhees, the CEO of ShapeShift, still continue to view the premier digital asset as a force to reckon with in today’s digital currency market. At the time of writing this article, Ethereum possesses a total market cap of USD $21.9 Billion. The post Ethereum Price Watch: Currency Stays Put Near $215 Region in Wake of Fresh New Exit Scam appeared first on NullTX.

2 months ago

Binance Opens its Doors to Institutional Investors

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

2 months ago

Daily Cryptocurrency News - 9th November 2018

Welcome to the daily news of 9th November 2018. Here are the most important headlines for today: Bitmain Layout 90,000 Mining Machines & More details about the future Bitcoin Cash Fork The battle of billionaires is starting. Apparently, Roger Ver and Craig Wright couldn’t decide on the future of Bitcoin Cash. Therefore, on November 15th - the BCH will split into two rival chains: Bitcoin Cash ABC - Roger Ver’s side and Bitcoin Cash SV - Created by Craig Wright. This comes as a results of Ver and Wright disagreeing over the BCH’s future.The feud caught the fans attention, and the drama started coming yesterday - when Ray [REDACTED] created a thread with everything you need to know about the future BCH fork. This ‘war’ between billionaires is mostly childish - with each other throwing insults at each other. But Bitmain’s preparing for that war by deploying 90,000 S9 mining machines in Xinjiang. Wu Jihan is one of the latest self-made billionaire thanks to Bitcoin mining. This could have been one of the facts that brought a decrease in the Bitcoin price, as BCH lost around $2 Billions since their top value in November - funds that probably were exchanged directly to USD by BCH investors. These news weren’t appreciated by the traders - as after a 45.91% increase from November 2nd to November 7th, the BCH/USD pair dropped more than 4.8% percent. For more details, you may check the /r/bitcoincash subreddit as well as Cointelegraph’s article. Binance to Create a Research Wing for ‘Institutional-Grade’ Research Reports While others fight for power, Binance is pursuing forward into being the #1 entity in the blockchain & cryptocurrency space by launching a new division of Binance. Binance Research is a service that will create institutional-grade research reports with the main purpose of increasing the transparency & improve the quality of information in the cryptocurrency space. The Binance Research was launched one day ago and may be the pillar that cryptocurrency need for institutional investors to come along. The division already published two reports about LOOM Network (LOOM) and Gochain (GO). This is one of the best initiatives we’ve seen in the crypto space in a long time. The research done by their team is a comprehensive one with details about a cryptocurrency along with its purpose, team, trading data and many others. The future report will be one about Pundi X. We believe this service is among the best ones in the crypto space. With a service like this, people could avoid investing into cryptocurrencies with potential but with a poor team - such as Oyster (PRL). To keep in touch with their latest reports, you may check the Binance Research Twitter. BitTube Could Be The Bridge Between Crypto & FIAT - A user-friendly service According to a post created by Kamillenteo on /r/cryptocurrency, BitTube will have a service that could allow people to purchase cryptocurrency with Paypal. The main issue here from what we’ve understand is that you cannot buy BTC/ETH directly, but only TUBE - that you can use using Bit Tube’s Airtime extension ( More details about that on Youtube). BitTube doesn’t operate this on their own. So the chances of that service to be shut down are few to none. Their main partner is WireCards, which also have a partnership with Paypal, allowing users to buy TUBE tokens using PayPal for a 1-1.5% fee. Of course, the service doesn’t have an ulimited amount of crypto that you can purchase. The maximum that you can do it for now is 100 Euro. However, that’s not what BitTube was created for. BitTube wants to reward content creators in a new way - but a bit similar to Brave Browser’s idea. According to them, you can reward your favorite content creators from any website in the same way that Twitch works - or even with a direct donation. More details on BitTube’s Medium 93% of UK Residents Heard About Bitcoin, only 4% Bought it According to a study created by YouGov, 9 out of 10 Brits have heard about Bitcoin. From those, 4% declared that they understand Bitcoin ‘very well’, 23% stated they know it ‘fairly well’ - while the most % was on ‘Not very well’ or ‘Not at all well’. And the statistics also show that most of the people ‘ know someone that bought bitcoin’ while they personally chose not to invest in something like this. And most of the people that bought Bitcoin are the young aged ones, between 18 to 34 years old. We recommend you to read the full document here. Unfortunately, we don’t know how many people participated in this questionnaire to see how accurate are the details. What can we learn from this? The percentage of people that declared they know bitcoin ‘very well’ is equal to the percentage of people that bought it. Therefore, most of the Brits have problems understanding Bitcoin and his use case. According to the questionnaire, most of the Brits don’t believe in a cryptocurrency controlled by the people using it. This can be for a variety of reasons such as : They didn’t unde

2 months ago

Binance Launches Research Arm For "Institutional-Grade Research Reports"

Popular cryptocurrency exchange Binance announced today that it has launched a new division dedicated specifically to industry analysis.In a November 8, 2018, announcement, Binance described some of the responsibilities of this new division, which has been dubbed Binance Research. The research is “focused on the creation of institutional-grade research reports” and has “the aim of increasing transparency and improving the quality of information available within the crypto space.”To this end, Binance has paired the official public announcement of this new division with some of the research that it has already been doing before going public. The articles that have gone live concurrently are examples of the kind of content that this new division will generate in the future. Research first dropped a report on the development of the Loom Network, assessing its capabilities by a wide number of metrics. Not only does the report list the accomplishments and milestones of the projects, but it also provides data and graphs on its historical price data, key features, token sale data and even the specific wallet addresses that hold more than 90 percent of said tokens. The report on GoChain has a similar level of depth in its findings, providing everything from short biographies on lead developers to snippets of the actual code, as well as including all of the previously mentioned metrics of sales history and more. For a first-day release of this new division, the existing research and analysis appear to be comprehensive in depth and scope. Binance Research has promised to release a third set of analytics on Pundi X “with more set to be regularly released over the coming weeks.” This article originally appeared on Bitcoin Magazine.

2 months ago

Binance Announces a New Research Division, Publishes Reports on Loom, GoChain and Pundi X to Start

Binance, the world’s biggest crypto exchange based on trading volume, is expanding into crypto analysis with the launch of Binance Research. The new division is designed to provide investors with top quality research reports in an attempt to bolster transparency and the caliber of information that is distributed within the crypto space. Binance Research has already published a handful of reports on Loom Network, GoChain and Pundi X and will continue to issue reports on a regular basis. (GT)

2 months ago

Triangular Arbitrage Today: Easy Profits of up to 17%

In the world of triangular cryptocurrency arbitrage, big profits are relatively easy to achieve. That will only happen if all involved exchanges and currencies offer major liquidity, which is not always a guarantee. The following six options stand out today, as significant profits are waiting to be secured. MANA (Bittrex / CoinDelta / Bitbns) One of the more appealing triangular arbitrage opportunities today comes in the form of MANA. This altcoin can be purchased on CoinDelta with Indian Rupee at a relatively low price. Transferring these funds to Bittrex for a conversion to LOOM allows users to sell the second currency on BitBns for a healthy profit. If successful, gains of roughly 15% are not out of reach by any means. ZRX (Binance / Livecoin / Bitfinex) Whenever a triangular arbitrage opportunity presents itself, one has to look at the exchanges involved. In the case of ZRX, there are several key exchanges involved. Buying ZRX with US Dollars on Livecoin and converting them to CND on Binance is the first leg of the journey. Combined with selling the CND on Bitfinex, traders can achieve profits of roughly 12-13%. EMC (Bittrex / LiveCoin / BitBns) The arbitrage opportunity for EMC is very similar to that of MANA. It requires users to buy EMC on Livecoin and convert it to Loom on Bittrex. That LOOM balance can then be sold on BitBns for a total profit of nearly 11%. All of this will depend on overall liquidity, though, which is always difficult to predict first and foremost. CMT (Binance/ OKEx / Bitfinex) Another opportunity involving only bigger exchanges comes in the form of CMT. Buying this altcoin on OKEX and converting it to CND on Binance is a great opportunity to score some profits. Especially when selling that CND balance on Bitfinex, as that will allow for a total profit of roughly 8% with very little effort involved. QTUM (Bittrex / CoinDelta / Bitbns) It doesn’t happen all that often QTUM arbitrage opportunities arise, even though this altcoin isn’t more stable than others by any means. Buying QTUM with Indian Rupees on CoinDelta allows users to sell them on Bittrex and convert it to LOOM. These LOOM balances can then be sold on BitBns for profits of 15% or slightly more. BCH (Cryptopia / Kraken / KuCoin) It is another Bitcoin Cash arbitrage opportunity, albeit one that involves a bit more work. Users need to buy BCH with Bitcoin on Kraken and send it to Cryptopia for conversion to HST. These HST tokens can then be sold on KuCoin for a net profit of 17%. A very appealing opportunity, as it represents very easy money first and foremost. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Triangular Arbitrage Today: Easy Profits of up to 17% appeared first on NullTX.

2 months ago

.@ConsenSys CSO @samcassatt talks about Loom Network and how...

.@ConsenSys CSO @samcassatt talks about Loom Network and how it can be used to scale Ethereum (and says we’re a coo… https://t.co/vWbF9qbftH

3 months ago

5% Climb For EOS As Market Jumps By $2b

Several major digital currencies and tokens such as EOS have proved that they can stay strong in the short term momentum over the past day, pushing the valuation of the crypto market to $206 billion. The volume of Bitcoin, which rejected to the mid-$3 billion regions, recovered to $4.2 billion, showing an increase in trading activity across several big crypto exchanges. Following the increase in the volume of Bitcoin, tokens and virtual assets like Pundi X, OmiseGo, Zcash, Loom, Status and Bancor have recorded gains from 8 percent to 20 percent. This portrays the big upside movement for the first time since mid-September. But what does this mean? Previous reports by CCN show that the low volume of Bitcoin has left the digital currency market in a tough spot and exposed to short-term drops, possibly below the $200 billion area. At one point, the number of Bitcoin dropped to around $3 billion, down by just over 25% from $4.2 billion. Technical analysts including Hsaka made clear that with the failure of the leading crypto to recover in volume could trigger the dominant digital currency to keep a close range until the end of the year, which could prevent the initiation of 2019 with the positive sentiment regarding digital currencies as a growing asset class. Haska explained: “To be honest, with volume and volatility petering out, I wouldn’t be surprised to see BTC hold this range for another month (and maybe till the EOY too). Would be the path of maximum pain, bears don’t get their rapid selloff to 4.8k, bulls distraught over not being able to break 6.8k.” There are expected to be several exciting announcements waiting for Bitcoin during the first few months of next year. Most importantly, this includes SolidX/VanEck Bitcoin exchange-traded fund application which is set to be evaluated by the US Securities and Exchange Commission by the end of February next year. As said by CCN: “If Bitcoin can initiate a major positive price movement prior to the year’s end impacted by the launch of BTC futures markets by Bakkt and Goldman Sachs, a positive sentiment could be carried out into the first quarter of 2019.”>/blockquote> What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post 5% Climb For EOS As Market Jumps By $2b appeared first on Crypto Daily™.

3 months ago

RT @loomnetwork: 🔊 New Interview with Loom co-founder @james...

RT @loomnetwork: 🔊 New Interview with Loom co-founder @jamesduffx. Listen 👇 https://t.co/4DtGPmep8j

3 months ago

@CryptOsophyTV @SteemNetwork Loom is essentially "EOS on top...

@CryptOsophyTV @SteemNetwork Loom is essentially "EOS on top of Ethereum". We also run our chains on DPoS, but as a… https://t.co/iPx6uZtBAK

3 months ago

🔊 New Interview with Loom co-founder @jamesduffx. Listen 👇 ...

🔊 New Interview with Loom co-founder @jamesduffx. Listen 👇 https://t.co/4DtGPmep8j

3 months ago


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