OmiseGo OMG

$1.28
Market Cap $ 179.771 MM (#30)
24h Volume $ 26.466 MM
Chg. 24h: 4.63%
Algo. score 4.0/5  (#47)
Show Quick Stats

OmiseGo News

XRP, Litecoin, Cardano added to the first exchange to bridge cryptocurrency and bluechip stocks

DX.Exchange made a huge splash recently when it announced that it was tokenizing securities and stocks of companies like Tesla, Amazon, Facebook etc., but now, it has announced that users can now trade XRP with Bitcoin [BTC] and other cryptocurrencies like Ethereum [ETH], Litecoin [LTC]. DX.Exchange is a community-based exchange regulated by Estonia’s Financial Intelligence Unit [FIU]. Moreover, the exchange is said to be using Nasdaq’s Matching Engine technology. As per their tweet on January 6, 2019, the exchange had made it possible to trade cryptocurrencies like XRP, Ethereum [ETH], Bitcoin [BTC] and even Litecoin [LTC]. However, the articulation of their tweet raised a lot of questions and caused confusion whether XRP was being used as a base pair or not. The tweet also mentioned that registered members would be able to trade without any commission fees. Furthermore, the tweet even mentions options for users to trade via Euro [EUR], Japanese Yen [JPY] and U.S. Dollar [USD]. In a separate post, on the same day, the exchange stated: “Trade @litecoin #LTC with #BTC, #ETH & #USD on http://DX.Exchange from the get go! #exchangeyourway” The Chief Operating Officer at DX.Exchange, Amedeo Moscato clarified a user’s question and said that they will be adding Tron [TRX] to their list of trading pairs. A user @FinesseDLT commented: “The way this is worded insinuates XRP quote pairings like NFLX/XRP, AMZN/XRP in addition to XRP/EUR, XRP/JPY, etc. Damn, I hope this is the case. #xrpthestandard” However, the exchange clarified in the subsequent comments that XRP was not a base pair on the exchange. A Twitter user @Alex commented: “You really should add XRP as a base pair to the stocks. The XRP community is massive and listing that will get a lot of business your way.” The exchange became the first exchange to tokenize securities that could be purchased using cryptocurrencies, this news made a huge splash in the cryptocurrency world as many people were excited about this new development. However, the news also received a lot of critiques who questioned the legal framework of the exchange. The exchange’s tokenized stocks will be going live today and will include cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], XRP, Cardano [ADA], OmiseGo [OMG], Enigma, ShareToken as well as Digibyte [DGB]. The post XRP, Litecoin, Cardano added to the first exchange to bridge cryptocurrency and bluechip stocks appeared first on AMBCrypto.

8 days ago

Nasdaq Powered DX.Exchange To Go Live Today, January 7th

Crypto traders and enthusiasts have waited since May last year for the Nasdaq powered DX.Exchange to go live. News of the exchanges first hit the crypto-verse during last years Consensus event in New York. DX.Exchange was initially meant to feature trading of the top six coins of Bitcoin (BTC), Ethereum (ETH), XRP , Bitcoin Cash (BCH), EOS (EOS) and Litecoin (LTC). DX.Exchange to offer Digital Versions of Top U.S Stocks However, a January 3rd report by Bloomberg informed the crypto and investor communities that DX.Exchange will also allow users to trade shares belonging to companies such as Apple, Facebook, Tesla, Microsoft, Amazon, Netflix, Descartes Systems Group, Baidu, Intel and Nvidia. Each unit of the digital security token will be backed by regular shares of the company on a one to one ration. Such an arrangement will be similar to buying stocks through other large traditional platforms such as TD Ameritrade. The difference this time round will be that the stocks will be represented by tokens on the Ethereum blockchain. DX.Exchange to launch Today, Janaury 7th It is with this background that the team at DX.Exchange announced via twitter that the exchange will be going live today, January 7th 2019. The tweet that did not give an exact time for the launch can be found below. Less than 24 hours to go until you can #exchangeyourway with https://t.co/gavrewTi9F! We can’t wait! See you tomorrow! pic.twitter.com/5kEMSY62V2 — DX.Exchange (@DXdotExchange) January 6, 2019 More Digital Assets and Fiat Pairs The new exchange that holds operating licenses with the Estonian Financial Intelligence Unit, will pair all the aforementioned six major cryptocurrencies with the United States Dollar (USD), the Euro (EURO) and Japanese Yen (JPY). Bitcoin (BTC) and Ethereum (ETH) will also be the base currencies paired with LTC, XRP, Enigma (ENG), OmiseGo (OMG), Cardano (ADA), DASH, ShareToken (SHR) and Digibyte (DGB). The availability of these pairs will be from the first day the exchange goes live. Zero Trading Fees But a Monthly Membership Fee DX.Exchange has a monthly membership fee rather than charging fees on each trade. For $20 per month, traders can trade a monthly trade volume worth $50,000. The $20 is reduced to $10 when paid with the native currency of the exchange: DXCash. Any trade volume above the $50,000 monthly limit, will be discounted if DXCash is used to pay for trading fees and according to the following tiers. Monthly Volume Standard Account DXCash $50,000 0 0 $100,000 0.25% 0.20% $500,000 0.20% 0.15% $1,000,000 0.15% 0.10% $1,000,000 + 0.10% 0.05% What are your thoughts on the Nasdaq powered DX.Exchange? Will it revolutionize crypto trading and the tokenization of regular stocks and assets? 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 Nasdaq Powered DX.Exchange To Go Live Today, January 7th appeared first on Ethereum World News.

8 days ago

Busy Week For TRON With Multiple Developments Including Bitrue Adding New XRP / TRX Pair

Bitrue, cryptocurrency exchange, announced recently that would be adding five new XRP trading pairs to its offerings. XRP, the third largest cryptocurrency in the world according to CoinMarketCap will now be paired with Tron (TRX), Stellar Lumens (XLM), OmiseGo (OMG), Neo (NEO), and Gas (GAS), on Bitrue. Tron’s founder Justin Sun was quick to spot the announcement and retweeted it in support. The announcement came the same day as other positive developments related to Tron as the project appears to be making quick and significant progress. Bitrue Makes the Announcement Bitrue exchange tweeted recently to announce the arrival of five new XRP pairs. It wrote: As promised, we are adding 5 NEW $XRP-based pairs by end of the week! They are TRX, XLM, NEO, GAS and OMG! For other top voted pairs like #ADA and #VET, we will list those tokens first and add them in the next round, which will be pretty soon!https://t.co/i7RmZi2Lxh pic.twitter.com/0BYn3Fmook — Bitrue (@BitrueOfficial) January 2, 2019 Bitrue also stated on January 4 in a tweet that they had launched the most demanded XRP-based pair from their users which is XRP/TRX and that it is now open for trading. Other Developments Related to Tron 2019 has been good for the Tron foundation so far as the number of new Dapps listed on Tron increased by 20 during the first week of the year along with many other positive developments. Another big moment for the Tron network was the announcement that the BitTorrent token will launch later this year. The token sale will run exclusively on Binance Launchpad. The BTT token will be used by the BitTorrent users to enable faster downloads. Justin Sun and the project lead provided more details about the BitTorrent (BTT) in a live stream on January 4th. We are LIVE, tune in to learn about BitTorrent’s new token $BTT! @tronfoundation @bittorrent @utorrentro https://t.co/iEM6jNYoNj — Justin Sun (@justinsuntron) January 4, 2019 BTT is set to boost the adoption of the Tron network as well as blockchain and cryptocurrencies in general. BitTorrent already has 100 million users who will be introduced to the new content distribution framework using BTT Token. However, they will also have the option to opt out if they do not want to use it. This week the Tron Foundation also announced that after January 5, the names of TRC10 tokens would not be unrepeatable anymore. After this time, the token ID will be the only TRC10 token identifier on the network. TRC10 token's name will no longer be unrepeatable after Jan 5 2019, 6:00:00 AM UTC. From that time going forward token ID will be the only identifier. For more details please check the announcement in the link. #TRON #TRX $TRX https://t.co/qTdNa5UnzL — TRON Foundation (@Tronfoundation) January 4, 2019 Busy Week For TRON With Multiple Developments Including Bitrue Adding New XRP / TRX Pair was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

9 days ago

Crypto Exchange Bitrue Adds 5 New XRP Trading Pairs

Cryptocurrency exchange Bitrue has announced the addition of five new XRP-based trading pairs. Founded in 2018, the exchange has supported XRP as a base currency since the day of its launch. The exchange experienced quick growth due to its XRP trading pairs. Its users can now trade TRX, XLM, NEO, GAS and OMG against XRP. Also, the exchange has announced a 50% off on trading fee for all XRP pairs. Bitrue saw a volume of $15.7 million in the last 24 hours. (VS)

12 days ago

OmiseGo (OMG) Seeks to Enable Financial Inclusion Through Interoperable Open-source Blockchain Networks

OmiseGo (OMG) is a Thailand, Japan, and Singapore based blockchain platform that seeks to introduce financial inclusion and interoperability via the public, decentralized OMG network. According to OMG’s developers, their network is a ‘scaling solution for finance’ as it aims to enable transparent P2P transactions in real-time. The OmiseGo platform would also allow fiat trading and dApp development. Additionally, the OMG would provide a gateway for users to access, manage, and transact with cryptocurrencies that the network holds securely on chain. The developers plan to make the network highly scalable by using the Plasma architecture, which theoretically allows unlimited scalability. (KE)

12 days ago

Bithumb Exchange Denies Allegations for Faking Up to 94% Trading Volume

Latest report by CER, a cryptocurrency exchange rating service claimed that the Bithumb exchange is wrongly providing its trading volume since summer 2018. Resource unveiled the following stat; September - the trading volume of Bihumb was valued up to $350million November 11 - Bihumb surged at $4.4 billion (jumped up to 12 times as much) December 19 - Bithumb valued at $1.4 billion Source: cryptoexchangeranks.com However, looking at coinmarketcap, Bithumb today on December 20, 2018, stands with the trading volume of $1,740,002,554 which the source claimed that‘it doesn’t appear on CMC’s “adjusted volume” ranking. CER - Bithumb is Probably Involved in Wash Trading Cryptocurrency exchange rating or CER asserted that the Korean based crypto platform, Bithumb is probably engaging in the ‘wash trading’ activity. Wash trading is a form of trading in which investors trade the same ‘securities or financial instruments’. It is a market manipulation activity, created to mislead the financial mechanism within the market. Gleb Myrko, CER marketing lead told Forbes, executive; “Judging from our multifaceted investigation on Bithumb charts we see the signs of trade volumes manipulations, specifically, wash trading,”. He kept on adding that “Having calculated Price-Volume Correlation we came to the conclusion that the trade volume performance is not linked to price fluctuation on the exchange.” Looking closer on the matter, CER gave instances of two events that have happened in the past to prove Bithumb’s wash trading activities. It highlighted the wash trading by Bithumb can be seen during the month of September, in which the daily trade volume of BTC jumped to 10x. Yet another example pointed out is that ‘strange activity kept on happening in an early 11 Am hour every day that eventually delivered 95% of the daily total volume’. For instance, BTC transaction on early September 9,2018 was 7500 which was however 39% of the daily trades and 94% of the total day’s volume. Moreover, it also notes the increase in average transaction size between October 15 and November 11 which has inflated from 0.21 BTC to the 5.88 BTC. Along with Bithumb, CER also points other altcoins those are involving with similar activities - they added LTC, ETC, XMT, OMG, ZEC, BTG and WTC. Bithumb’s stake on Allegations As a response to this claim, Bihumb sent out an email to Forbes, stating “Bithumb is doing nothing to inflate trading volume”. It denies the allegation made by CER and urged how Bithumb is moving forward to promote its services just like other trading platforms. At this point, CER’s Myrko claims that; “Bithumb has mastered a multi-factored approach to conceal its foul play,” Continuing that “As far as we are able to judge the manipulations were fulfilled via matching opposite orders with the same price or by simply drawing transactions out of thin air, so-called ‘painting the tape.'” Coingape is looking closer to the matter to provide the details on this matter and the stake of Bithumb cryptocurrency exchange. Stay connected to know more. The post Bithumb Exchange Denies Allegations for Faking Up to 94% Trading Volume appeared first on Coingape.

a month ago

Vitalik Buterin Donates $300K to Crypto Startups in a Bid to Push Ethereum 2.0 Development

CoinSpeaker Vitalik Buterin Donates $300K to Crypto Startups in a Bid to Push Ethereum 2.0 Development The genius creator of Ethereum has donated 3000 ETH worth over $300,000 to developers to focus on scaling solutions for Ethereum 2.0. He donated 1,000 ETH grants to three projects: Prysmatic Labs, ChainSafe Systems and Sigma Prime. Prysmatic Labs is working on the sharding client for Ethereum 2.0 whereas Sigma Prime is working on an Ethereum 2.0 client named Lighthouse. Chainsafe systems are also focused on the research and development for Ethereum 2.0. The conversation began when Ryan Sean Adams tweeted about a statement from Fred Wilson - co-founder of Union Square Ventures who criticized Ethereum for its lack of proper leadership and the supposed lack of progression in scaling solutions. Our biggest distraction @prylabs is that we are still working full time for other jobs. Even with recent grants, it’s hardly enough to take the whole team full time with significant pay cuts and it’s certainly not even for us to scale the team to where we need it. — Preston Van Loon (@preston_vanloon) December 18, 2018 Buterin immediately responded: Just sent 1000 eth. Yolo.https://t.co/s1q8K5Wlhs — Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018 Prysmatic Labs is a group of blockchain developers who got together to tackle the challenge of scaling the network. According to the team’s Medium blog, it chose to embrace the idea of sharding to scale the network. This particular approach will split the Ethereum network into multiple components that communicate and collaborate as opposed to having the tough structure of full nodes. It has the advantage of being more responsive to transactions added to the ledger, but it also requires an overhaul of the current protocol topology that the Ethereum network uses. Buterin went on to donate 1,000 ETH to ChainSafe after one contributor claimed he would drop out of university for a grant. The final 1,000 ETH donation went to Sigma Prime after one developer promised to hire new team members. Buterin confirmed all transactions with a link to the Etherscan block explorer with a warning: https://t.co/c2lyXzXdmC I expect results! 😊😊😊 — Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018 Crypto donations are not a new thing that just has become popular. They were big also in 2017, the year of the crypto boom, but also in 2018 when the market was (and still is) pretty bearish. Each time donation happens, whether it’s in cryptocurrencies or fiat currencies, it’s proof that not everyone in the crypto space is there for only themselves. According to a survey by WeTrust, as much as 77 percent of crypto holders are interested in making charitable donations. Perhaps it’s the holiday spirit, the fact that giving away a few ETH today doesn’t come at such a high price-tag, or maybe it’s for tax reliefs. It could also just be that the crypto community is largely made up of millennials and this generation simply likes giving to charitable causes. The drop in the price of Ethereum has not been easy on many projects, many companies like Consensys, Spankchain, and Steemit have laid off many of its employees. Despite the price collapse, the developer interest in Blockchain has been increasing consistently with a lot of smart people from reputed companies quitting their jobs to go full time on Crypto. Even though he calls himself non-giver, this is not the first time he actually donated Ether. In February this year, the SENS Research Foundation, a charity funding research for treating-age related diseases, has received a $2.4 million Ether donation exactly from Buterin. The foundation was co-founded in 2009 by Aubrey de Grey, a gerontologist who is researching rejuvenation therapies to extend people’s biological ages, hoping to permit humans to live much longer than ever before. Buterin, who is quoted in the press release as a “fan of Aubrey’s work since [he] first read Ending Aging (de Grey’s book) as a teenager”, then said: “I am happy to have been blessed with the opportunity to personally support SENS’s efforts. Their focus on creating solutions to the diseases of aging, one of the greatest problems facing humanity, is very much in line with my goal to positively impact the lives of millions of people around the world.” In April, together with OmiseGo, Buterin donated $1 million worth of OMG tokens directly to refugees living in extreme poverty. The donation will be made to GiveDirectly, a nonprofit organization operating in East Africa which will deliver the funds. ETH/USD retreated from recent high registered at $109.2; however, the coin managed to stay above $100.00, which is a positive signal for the bulls. Ethereum is changing hands at $102.39 at the time of writing, down 1.8% since this time on Wednesday, but up 1.7% since the beginning of the day. With a market capitalization of $10.6, Ethereum takes the third position cryptocurrency rating. ETH/USD created a bo

a month ago

Vitalik Is Hodling SPANK and Jesus Coin

A cryptocurrency designed for the adult entertainment industry, as well as one purportedly offering global access to Jesus Christ, are among some of the projects held in Ethereum (ETH) creator Vitalik Buterin’s wallet. More than 100 different cryptocurrencies are currently in one of the wallets owned by the 24-year-old Buterin. As well as more than 7,000 ETH - worth approximately $800,000 - the chief architect for the Ethereum platform also owns $24,000 worth of Kyber Network (KNC) tokens; $400,000 in Maker (MKR) and $28,000 in OmiseGo (OMG). But Buterin’s portfolio also includes some slightly more bizarre tokens, albeit at a far smaller scale. Among these are 69 SpankChain (SPANK) tokens (strangely specific number) - worth roughly $0.01. The protocol facilitates online micropayments for viewers watching adult performers, whom they can tip with SPANK tokens. The wallet address shows this was a single transaction just under a year ago, in mid-January. Although he did give away some Ethereum to developers, as noted below, he has not yet blown his SPANK wad - none of the tokens have been used... yet. Buterin also holds a small amount of Jesus Coin (JC), valued at $0.15 at today’s prices. A joke project, similar to how Dogecoin (DOGE) began, it claims to offer users the “unique advantage of providing global access to Jesus” through such initiatives as decentralizing the church and outsourcing the forgiveness of sins. The project, which held an ICO in 2017, managed to peak at $17m at the start of 2018. Vitalik has not yet redeemed his Jesus Coin, but we hope his Jesus Coin will eventually redeem him - and any sins he may accumulate along the way. How do we know it’s Buterin’s wallet? Although some had already managed to link this wallet address to the Ethereum founder, it became publicly known earlier today. In the small hours of this morning, Buterin announced he had sent 1,000 ETH to a project building on the platform. Preston van Loon, one of the co-founders of Prysmatic Labs, which is developing an Ethereum sharding protocol for Ethereum, complained progress was slow because many of the team still needed to be in full-time employment. Buterin tweeted approximately half an hour later to say he had sent the project around $105,000 worth of Ether and included a link to his wallet address on Etherscan. Just sent 1000 eth. Yolo.https://t.co/s1q8K5Wlhs — Vitalik Non-giver of Ether (@VitalikButerin) December 19, 2018 Buterin has never fully disclosed the amount of Ether he holds. In October he said that the maximum amount he ever had was 0.9% of the total supply, which would be around $38m at current prices. The ETH in this wallet forms a small fraction of his total holdings; it’s not known how much is held in other wallets. Mr. Buterin also holds Finally Usable Crypto Karma (FUCK), a social currency. Looking at his wallet address, Crypto Briefing can confidently state that the creator of Ethereum can only give a solitary FUCK. The author is invested in digital assets, including ETH which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Vitalik Is Hodling SPANK and Jesus Coin appeared first on Crypto Briefing.

a month ago

On communications, expectations and lessons learned

A frustrated and exceptionally thorough post by a long-time community member gained a lot of traction this week. This level of analysis, the time that went into creating this post, can’t be dismissed as FUD or trolling. You have to really care about something in order to be this disappointed by it. In recognition of this community member’s long history of thoughtful participation in discussions around OMG, we’re going to respond to this post with as much honesty and self-reflection as we can. It’s a pretty huge understatement to say that we’ve learned a lot over the past year and a half, and we’re still learning. Community has been incredibly important to us from the start, but in a way we have sabotaged our own goal of creating an organic and self-sustaining community. We’ve seen this as a top-to-bottom open source effort - open source code, open source community building, open source ideation, open source content creation. We had open channels of communication which early on included openly expressing our excitement and expectations. Looking back, we didn’t do nearly enough to modulate that enthusiasm with an equal dose of restraint. We weren’t talking about challenges at the beginning because we hadn’t yet discovered what they were going to be. The dev team had the foresight to do what the comms team did not: they don’t open up the repos until the contents are reasonably well established and expectations for the future trajectory are clear. In light of a long history of code being copied and used before it’s stable, they recognized the danger - to both the project and public - of putting out incomplete information. This is something we’ve been called out on, apologized for, and done our best to correct. We can’t go back in time but we can continue to strive to improve. It’s a lesson that we’ve learned the hard way, along with the entire crypto community. As Michael J Casey wrote in this [insightful article](https://www.coindesk.com/the-crypto-winter-is-here-and-we-only-have-ourselves-to-blame), we failed to recognize the source of a lot of the enthusiasm and didn’t do enough to temper it with cautions about how young this technology still is - and many people who believed in the potential of the technology were harmed along the way. Most people are still waiting for the moment when they can truly participate, whether as users or stakers or business owners looking for an alternative to rent-seeking payment systems. Too often OmiseGO has spoken for OMG when what we really intended was for this to belong to everyone, and this also set us up as the sole owners of its fate (and by extension, that of the community). We wanted to put out information and participate in discussion, but unwittingly wound up the arbiters of those discussions, the primary source of information. In almost all cases, we see challenges not as setbacks but as items on our to-do list. That’s what R&D is - figuring out what’s hard, finding solutions. The community, on the other hand, largely sees challenges as circumstances outside their control which deter progress toward goals they care deeply about. It took us too long to recognize this imbalance. Our goals haven’t changed and our own enthusiasm for the grand vision hasn’t waned; but our public communications have been reined in significantly as we’ve realized that, bluntly, most people don’t really care until we deliver. We need to take a moment to appreciate our team’s deep commitment to the technology they have been diligently working on through all of this. In the face of incredibly harsh criticism, targeted and graphic death threats, doxxing, harassment, personal attacks, bull market hype, bear market FUD, and persistent questioning of their literal existence, they have kept on. We’ve made plenty of progress on the development front. We’ve had our eWallet in production release since July, and are gearing up to release version 1.1. We are working on taking the output of the OMG Network research and design phase to production; we’ve had MVP (Minimal Viable Plasma) on internal testnet for some time and are working our way down the to-do list to release MoreVP (More Viable Plasma) on a public testnet. Something that really got lost in the noise is the fact that the delay in initial release was primarily due to the decision to discontinue work on Honte (our intermediate solution running on Tendermint) in order to focus on plasma back in April. Honte was quite far along; it would have been functional in the short term and allowing token holders to stake sooner, but not sufficiently scalable for our ultimate goals. Moving away from Honte was a major shift that affected the priorities and order of operations for everything that followed. The same goes for the decision to pursue MoreVP rather than MVP for our public testnet; this change means better functionality and security in the initial release, but also more time needed to build out those additional features. We cou

a month ago

State of Asia Cryptocurrency and Blockchain: Asia (ex-China) Part 2

As you may have read last week, we are rolling out a new post series for our Premium readers. It will feature recurring updates on the state of Asia Cryptocurrency and Blockchain. We have come up with 4 high-level topics, and every week we will be writing about one of these topics, and rotating through them in the following order. China (with a commentary on recent regulatory trends, media sentiment, and touching on exchanges and company developments) Asia Countries ex-China (with a commentary on regulations, media sentiments, crypto projects, exchanges and company developments) Exchanges And Mining (Binance, Huobi, Upbit, Bitmain, Canaan, etc) Crypto Projects and Funding Trends Check out our previous piece on China. This week, we will be discussing the latest developments in the rest of the Asian countries- Japan, Korea, Singapore, Thailand and India. Given the length of the post, we are splitting the post into several parts. This post will be on Korea and Singapore. Check out the latest post on Japan’s here. We just also released A Quick Guide to Asia Market Entry - China, Korea, Japan, Singapore and a spreadsheet detailing the data here. Check it out and let us know if it’s helpful for you. Thank you for reading. State of Asia Cryptocurrency and Blockchain: Asia Countries (ex-China) Part 2: Korea, Singapore, Thailand and India Read part 1 on Japan here KOREA What’s been happening: The Korea government has been piling on resources and promoting Blockchain adoptions and crypto trading and local exchanges are being further supported by recent regulations. Korea is trying to create its own Crypto bubble and its decisions are all pointing to improving its own state of affairs, while not necessarily engaging with crypto activities and organizations outside of Korea. A new development is that local banks are now providing virtual bank accounts to local cryptocurrency exchanges. South Korea’s Ministry of Science and ICT, and the National Election Commission said they will develop a blockchain-based online voting system by December. The government is also looking to use blockchain technology for tracing beef and providing consumers with information from the food supply chain. Cryptocurrency project ICON showcases 3 joint blockchain apps at an event supported by Seoul Government- Blockchain ID card, voting, and S-coin. The government seems very willing to dedicate resources and funds into the space. This month, the South Korean government has agreed to invest $35 million, triple that of 2018, in next year’s budget to develop blockchain technology and industry related to distributed ledger technology. Given the small Crypto community in Korea, most of the activities are happening in Seoul. On top of the government blockchain budget, Seoul has recently announced that they would create a blockchain complex to house around 200 companies as well as create a 100 billion won ($88 million) fund to foster talents in the sector. Korea’s Financial Services Commission has cleared banks to work with cryptocurrency exchanges by providing virtual bank accounts, and every bank account holder is provided with a virtual bank account by the account issuer. South Korea court has also come out and said banks cannot unfairly treat crypto exchanges. Upbit, South Korea’s largest crypto exchange by volume according to CoinMarketCap, has been approved by the Korea Internet and Security Agency for having a strong infrastructure in place. Korean crypto giant Bithumbmakes into U.S. foray with a partner to create a security token exchange. Newcomer Korean exchange Pure Bit reportedly scammed with at least 13,000 of investor Ethereum. Lastly, on the project side, South Korea’s messaging giant Kakao and Stablecoin Terra partner for blockchain payment system. Kakao Corp, amajor South Korean Internet conglomerate, has established a subsidiary of the company in Singapore to attract foreign investments with cryptocurrencies. South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents. What this means: Korea’s national election commission ran an online voting system, dubbed K-voting, back in 2013, which has since been used by 5.64 million people but trust in the voting system remains low due to hacking and fraud concerns. Subsequently, the regulators are looking to deploy a blockchain voting system and are starting with a trial next month. Korea regulators have always been very vocal about the use case of blockchain and it is clear that they have high hopes for it and is not afraid of test it out. Since the beginning, Korean regulators have recognized their own technical limitations and have worked closely with the most prominent Crypto funds and projects in Korea such as Hashed and ICON, respectively. ICON is one of the largest projects in Korea, and some of its releases and roadmaps certainly demonstrate an extensi

a month ago

Top Asia Crypto News Round Up from Dec 9th- 12th

Top News in Asia from Monday through Wednesday An OmiseGO community member calls out OmiseGo’s failure to deliver in a detailed timeline Reddit post titled” expectations vs reality, expectation management, developmental status and short/midterm future analysis and concerns”. http://bit.ly/2PwY67O Central bank deputy governor: STO business ‘essentially an illegal financial activity in China’. http://bit.ly/2zXmdYn A supposedly “leaked” WeChat conversation between some of the most powerful Chinese crypto investors surfaced including Binance cofounder He Yi, Chandler Guo, Huobi Exchange chairman Leon Li, Liaode Capital founder, talking about how the EOS team has been pushing down its prices on purpose, and that the group was going to pump up EOS together. Later He Yi and Chandler refuted on Chinese Twitter that these WeChat convos were photoshopped (which is not uncommon in China). Google translated article WeChat, Shenzhen Tax Bureau Launch Blockchain-Powered Electronic Invoices. http://bit.ly/2zUxicN OKEx Crypto Exchange Lists Bitcoin Cash ABC Under Original Bitcoin Cash Ticker. http://bit.ly/2zUBV6K Coin and Token News ADA founder Hoskinson: “I can’t imagine how they’re [Block.One] not going to have some sort of issue with the SEC. http://bit.ly/2rvrceb BitMEX research- BTC hashrate drop equivalent to 1.3 million Bitmain S9 machines switched off: http://bit.ly/2A4POPR Deals and Funds Chinese Blockchain Education Platform Tomato Rubik’s Cube Completes Angel Round. http://bit.ly/2zSqL1Z Exchange News CEO of Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, said that regulation is important to establish industry standards. http://bit.ly/2zYmvhw In the first official meeting between five of the biggest crypto exchanges and the government of South Korea, Cumberland Korea says that both the government and local financial institutions have to acknowledge the efforts of Nasdaq, Fidelity, and some of the largest conglomerates in the global market working to strengthen the infrastructure around cryptocurrencies. http://bit.ly/2A4POPR Regulation News South Korean startup Presto to file constitutional appeal against local ICO ban:http://bit.ly/2L9c3Io Business News Bitmain has secured a long-term cooperation with a wholly-owned subsidiary of China Mobile on the development of artificial intelligence. http://bit.ly/2PyPYDD Samsung has refuted rumors that it has plans to offer a cryptocurrency cold wallet on its Galaxy S10 smartphone. http://bit.ly/2zSI2Z6 Bitmain to Close Israeli R&D Center due to Crypto Market Crash: http://bit.ly/2PyRS7B South Korea’s government will spend $3.5 million USD equivalent to set up a blockchain-enabled virtual power plant (VPP) in the city of Busan: http://bit.ly/2GdLbbw South Korea’s second-largest commercial bank, Shinhan Bank, has embarked on a project to implement blockchain in internal processes to decrease human error: http://bit.ly/2rvpnOna

a month ago

My take on OmiseGO, expectations vs reality, expectation management, developmental status and short/midterm future analysis and concerns.

Some might know me, as I’ve been around since the beginning shortly after ICO. I was very excited, to the point of shilling it to friends, family, on reddit and twitter. Defending this team, project and community. I tried educating people, correcting FUD and actively engaging in discussions. I am not posting this for sympathy, upvotes or whatsoever. I want everyone to know what has been said, how it’s been said, when it’s been said and compare that with what we have right now. If I posted anything wrong, correct me and I’ll stand corrected. I also believe there are things going on that need attention, for the sake of the future of this project. English is not my native language so I'm trying to keep this post as readable as possible :) The way this project was announced made me feel like this project was different from any other crypto. Had major backers in the likes of Vitalik, Poon. Aims to provide a solution to real world problems, can drastically change lives. This token is supposed to be a utility token, that will eventually ‘earn’ you fees. This way the token will have an intrinsic value, in contrast to many tokens out there. It all felt like a no brainer buying in, especially compared to other tokens/currencies out there. ------------------------------ The last few months were absolutely brutal. Times like these also make you critically assess your ‘investments’ and evaluate where we stand and where we are heading. Ofcourse, bear markets can clog your mind and reasoning abilities possibly even more so than in bull markets. I can safely say I am not immune to these drastic market movements, but even though I have invested a lot of money, it is money I can afford to lose. Which doesn’t mean I should be okay with it. I have been seriously emotionally attached to this investment because I want it to succeed so bad. I care about the project and I appreciate the people working on it. A slur of death threats and extremely offensive, racist remarks is not something the team deserves and I’d like to distance myself from people like this empathically. **We can all come to the conclusion OmiseGO is far from succeeding in their goals laid out in their whitepaper, crowdsale docs and public communications, and I believe now is the time to evaluate and look back all the way to the moment OMG was announced on the 17th of February, 2017 (close to 22 months ago) and announcements, developments plus comms by the team along the way.** ------------------ I will start at the beginning and use tweets from the official OmiseGO twitter account. ####**February 2017** https://twitter.com/omise_go/status/832624847314247681 . Announcement of OMG. Notice how this tweet already contains Q4 2017, which immediately provides a sense of ‘this is all around the corner, all we need is a token sale done in Q2’17. The first few public communications by the OMG team were tweets about tendermint, for example this retweet by the OMG team: https://twitter.com/marekkirejczyk/status/832885686554460160 . PoS research so advanced already! Then there is this retweet of an article containing an interview with Thomas Greco (who’s role has mysteriously diminished) from the 20th of February 2017. https://www.ibtimes.co.uk/omise-using-ethereum-create-decentralised-inter-asia-m-pesa-1607451?utm_campaign=soficalflowtwitter&utm_source=socialflowtwitter&utm_medium=articles Interesting little outtake from this article: > “Wendell Davis, product development lead, Omise, said: "If you are going to launch a mobile money platform you need people to accept it. You need merchants etc. The justification for Omise doing a project like this is we have already done that type of business development with 3,000-plus major merchants from the likes of airlines to large corporate holding companies that have restaurants and things like that. That business is already done; those relationships already exist. > Regarding the token sale and the initial role of token holders, he added: "We want there to be a variety of stakeholders and we want those stakeholders to have access initially to what we are calling our fee revenue. Basically while we are operating this network of wallets - whether on behalf of this company or that company - we are taking small fees. To begin with OMG token holders will be able to claim a percentage of fee revenue so that they can participate in this.” Notice how it suggests the token is going to have utility ‘initially’. ####**May 2017** On the 3rd of May 2017 we have a tweet with Vitalik and Poon sitting at the table with OMG https://twitter.com/JUN_Omise/status/859991740282945537 Shortly after that there’s an ethereum meetup with Poon and Thomas Greco https://twitter.com/omise_go/status/862945097108815872 and just a week later we have the actual OMG whitepaper written by Joseph Poon https://twitter.com/omise_go/status/865570171758542848 . The first question that comes to mind is where is Joseph Poon? Since writing the

a month ago

Decentralized Cryptocurrency Projects Are Increasing Due to Legal Enforcement’s Threat to Big Exchanges

Statistics now show that the threat posed by law enforcement on the big crypto projects is rising significantly, and this has captured the attention of developers around the globe. Due to the troubling threats, projects like OX, OmiseGo, and Kyber Network have decided to develop new protocols that can be used for token trading. The new protocols will help in building and monetize decentralized exchanges. Although DEXes has since been rolled out, questions on the degree of decentralization and their vulnerability to law enforcers have surfaced. This was recently highlighted by a case against Etherdelta which clearly showed that irrespective of being decentralized or not, developers will always be held accountable over illegal activities on their platforms. (VK)

a month ago

Are E-wallets a Real Threat to Cryptocurrencies?

CoinSpeaker Are E-wallets a Real Threat to Cryptocurrencies? Cryptocurrency enthusiasts are eagerly awaiting the day when traditional payment methods and fiat money will be left in the past. Nevertheless, it may happen so that precisely these traditional options will greatly contribute to the mass adoption of crypto. Payment systems like PayPal, Paysafecard, and Skrill are better known for a wide audience and are widely used. The question is, whether these traditional trusted alternatives may affect crypto adoption. Tough Times for Crypto After the previous-year hype around them, Bitcoin and the other cryptocurrencies it inspired such as Litecoin, Bitcoin Cash, and Omisego have been experiencing not the best times in 2018. Last year their prices were increasing unbelievably fast but this year the market is affected by the bearish trend which has become a real reason for panic for a great number of crypto traders and investors. In the condition of such volatility, some better-known methods of payment are still considered to be a more popular option for a lot of regular consumers when it comes to online purchases. Many traditional payment systems are doing their best to expand their opportunities and enter new territories with a view to attract more users. For example, the payment system Paysafecard has established a partnership with Google this year, and became a registered payment method in the Play Store. The introduction of options like this may become a real barrier for cryptocurrencies to break into. E-Wallets Dominant in Online Casino Industry PayPal is continuing its global dominance as an alternative payment method, and its net worth has now surpassed eBay at around $15 billion. The online payment platform is well-used in the online casino sector, but there are other options which are perhaps more popular in the industry. Skrill is one of such options. Its digital wallet has over 35 million account holders worldwide. Casinos which accept Skrill tend to attract a lot of players, and it used to be one of Canada’s preferred banking methods. Nevertheless, it has ceased operations in the country. Moreover, it has been recently announced that the service is planning to add the option of buying cryptocurrencies including Bitcoin and Ether. Such an initiative could be a good way to boost the popularity of digital currencies. So, crypto enthusiasts just hope that Skrill won’t get pulled from more countries as it happened in the case with Canada. Though at the current time, it may seem that the popularity of e-wallets and other online payment platforms could mean a threat to cryptocurrencies, it is not so. Such popular payment options as Skrill now are getting involved with e-currencies. And it could be good news for crypto enthusiasts. Thanks to going through a trusted payment method like this, cryptocurrencies have good chances to achieve mass adoption in the years to come. Are E-wallets a Real Threat to Cryptocurrencies?

a month ago

Podcast Transcript: CryptoAge Obi on Japan’s Regulatory Sentiment and its Growing Blockchain Developers Ecosystem

Checkout our Latest Podcast with Obi In this episode, Joyce Yang from Global Coin Research is joined by Yusuke Obinata, aka Obi, founder of CryptoAge. Obi is deeply involved with the Blockchain community in Japan, and he has been helping multiple US blockchain projects go to market in Japan including Cryptokitties, Quantstamp, and Kadena. Through CryptoAge, Obi organizes frequent, large size developer meetups in Tokyo. He is also the lead organizer of NodeTokyo 2018, the first kind of blockchain developer conference in Tokyo. In this podcast, Obi and Joyce discuss the latest regulatory sentiment towards crypto in Japan, the growing blockchain developers ecosystem and how he advises projects in the US to go to market there. Obi Something interesting thing about Japanese market is that actually a lot of tech enterprises from the big like listed companies to startup interested in Blockchain and most of them have already started working on building something. Joyce Yang Welcome to the Global Coin Podcast. A Podcast where we hear from leading global operators and investors in crypto with their thoughts on the Asia Blockchain and cryptocurrency space. Asia is really a cryptocurrency hub, and understanding the region is as important as understanding what’s going on locally. We also have a newsletter that highlights all the important crypto news coming out of Asia with many translated by our staff directly from the local media. Check it out at [globalcoinresearch.com] I’m your host Joyce Yang and today I am joined by Obi aka Obi founder of CryptoAge. Obi is deeply involved with the Blockchain community in Japan and he has been helping multiple US Blockchain projects go to market in Japan including CryptoKitties, Quantstamp and Kadena. Through CryptoAge, Obi organizes frequent large sized developer meetups in Tokyo. He’s also the lead organizer of NodeTokyo 2018, the first kind of Blockchain developer conference in Tokyo. In this podcast, Obi and I discussed the latest regulatory sentiment towards crypto in Japan, the growing Blockchain developer’s ecosystem and how he advises projects in the US to go to market there. Obi My name is Obi. Yusuke Obinata in Japanese full name, but people call me Obi like Obiwan from Star Wars. I’m based mostly in Tokyo and I’m the founder of CryptoAge which is the Blockchain community for developers in Japan who are excited about crypto Blockchain. I’ve been helping a lot of international Blockchain projects and communities in everything that can be the bridge between them and Japan. So I’ve been helping projects like Quantstamp, OmiseGo, CryptoKitties. I’ve also helped Ethereume foundation to set up the first big meetup which happened in Tokyo back in March which Vitalik and Gavin Wood, Joseph Poon. There were others who came to Japan and we had like 500 people joining us. Joyce Yang That’s really great and I’ve been hearing about you from many different people in the States, who whenever I mentioned I want to try to better understand Japan, they tell me that “you should go meet Obi.” So I’m so glad you’re here on the show and talking to us... Obi Thank you for having me. Joyce Yang Yeah I know it’s great. We love to learn more about what’s going on in Japan and you being here physically it definitely will be very interesting, could you share your perspectives on what’s going on there versus what you’re seeing in the rest of the world. Obi Yes, that’s good. Joyce Yang Yeah. So in terms of crypto and what we’ve seen in the last 6 months in the country, what are your top kind of takeaways for our audience? Obi I think Japan has been like one of the biggest crypto markets in terms of like trading, holding f the Bitcoin and like a general adoption of crypto. So that’s yeah exactly what I’ve been seeing in the past few years. So I’ve gotten into crypto since 2014 when I was working at traditional VC firms investing in Tokyo and Southeast Asia. We’ve invested in a crypto exchange called BitFlyer, we were one of the first investors in 2014. So I’ve seen the market since then and especially until like the beginning of this year, Japan is all about trading and speculation. There haven’t been many developer communities here. Starting from this year, I’ve seen more and more meetups or communities started being formed. And then also, I’ve started one of them and especially in the last 6 months, I’ve seen a huge growth of interest from the developers and also students who don’t really care about the price of the crypto, they’re more interested in the technology and innovative side of the Blockchain. Joyce Yang That’s really interesting. It sounds like you’re saying that the market has really spurred a group of individuals who are very interested in building and developing for the cryptocurrency projects and you’re very involved with that. Obi Yeah. Through CryptoAge, I’ve been hosting meetups for young developers and students at least like once or twice in a month starting fr

a month ago

Bitmain Launches Crypto Index for Investors, Provides Data on 17 Digital Assets

Chinese cryptocurrency mining hardware manufacturer Bitmain has just released its own cryptocurrency index. Going forward, the firm will provide market data for 17 of the largest digital assets by market capitalisation. Bitmain Crypto Index Will Track 17 of the Most Popular Digital Assets One of the planet’s largest producers of digital currency mining hardware has just published an index of cryptocurrency prices. Bitmain announced the move via its website, BTC.com, earlier today. According to the post, Bitmain’s new price index has been tailored to institutional and individual investors alike. It stated: “The index tracks the performance of the largest and most liquid digital currency in the market and is denominated in US dollars.” The index draws its price data from the largest cryptocurrency exchanges on the planet. To help decide which trading venues are eligible to inform the service, Bitmain analyse each based on its: reputation, regulatory compliance, price transparency, stability, and trading volume. The exchanges making the grade thus far are: Bitfinex, Binance, Bitstamp, Bittrex, GDAX, Gemini, Huobi, Itbit, Kraken, OKEX, and Poloniex. Bitmain will provide visitors to the index with real-time price updates by the second, along with a daily reference price. This latter feature will be updated at 10 a.m. (GMT +8) each day. The coins chosen by Bitmain are: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), EOS, Ethereum Classic (ETC), Litecoin (LTC), XRP, Dash, IOTA, NEO, Monero (XMR), Cardano (ADA), Tron (TRX), Icon (ICX), Lumens (XLM), Zcash (ZEC), and OmiseGo (OMG). In addition to the 17 single digital currency indices, Bitmain has also created a combined index of the leading 10 cryptos. This will be known as the Bitmain Large Cap 10 Index (BLC10). In the words of the Chinese firm itself, the BLC10 will be: “A comprehensive index of market capitalisation weights, totalling more than 90% of the market’s digital currency market value, covering currency classes, decentralised platform classes and anonymous digital asset classes.” Related Reading: How Much of the 20% Surge of Bitcoin Cash is Affected by Bitmain IPO? Bitmain Still in Choppy Waters In other recent Bitmain news, the Chinese mining hardware manufacturer has just had a class action lawsuit brought against it by one of its U.S. customers. The case claims that Bitmain had redesigned their ASIC cryptocurrency mining chips to earn mining rewards and transaction fees for the company rather than the users themselves. Filing the complaint is an LA resident called Gor Gevorkyan. However, the action is on behalf of all Bitmain’s U.S. customers. Gevorkyan believes this is around 100,000 individuals. He is hoping to sue the mining giant for over $5 million. However, the lawsuit is just the tip of the iceberg with regards Bitmain’s current troubles. Its plan to go public on the Hong Kong Stock Exchange has exposed some dubious figures relating to the company’s inventory. This has prompted a full restructuring of its board of directors. All the while, the once undisputed leader of the hardware manufacturing industry is slipping behind technologically to other companies also building ASIC chips. Featured image from Shutterstock. The post Bitmain Launches Crypto Index for Investors, Provides Data on 17 Digital Assets appeared first on NewsBTC.

2 months ago

Meetup Segurança e Vulnerabilidades Blockchain, novidades

Por: Livecoins Para discutir a temática de vulnerabilidades na rede Ethereum, foi realizado um Meetup sobre Segurança em Blockchain, que foi uma live ao vivo realizada gratuitamente na segunda 26 de novembro de 2018. O especialista em Ethereum, Fábio Hildebrand, explicou que apesar de a maturidade do ecossistema ter aumentado, ataques a smart contracts continuam acontecendo. Ataques recentes à SpankChain, Useless Ethereum Token, e Fomo3d foram mencionados.. De acordo com Fábio, desenvolvedores de SM devem sempre testar a segurança de suas aplicações, escrever as documentações de forma detalhada, e se necessário (para contratos que transacionem altos valores), contratar auditores externos para conferir o código ou ainda abrir um processo de Bug Bounties. Uma dica de Fábio também, é procurar se engajar com a comunidade de desenvolvedores, que em alguns casos fazem uma auditoria de qualidade e de forma grátis nos diversos projetos criados que tenham um impacto positivo para a comunidade. Abrir um canal para receber notificações de ameaças no código para todas as iniciativas é importante, mesmo que apenas um e-mail (básico), pois abrir um Issue no GitHub e tornar a vulnerabilidade pública pode ser prejudicial para projetos, principalmente até que os mesmos sejam resolvidos, podendo ser explorados por atacantes externos atentos. Para melhorar a segurança dos SC, foi criada em 2017 a iniciativa Solidified, que confere a segurança e auditoria dos contratos, sendo Fábio um dos técnicos da iniciativa que trabalha direto do Brasil. Qualquer especialista em segurança blockchain pode ser um auditor e receber recompensas pelo seu trabalho. O processo hoje é executado de forma manual, mas uma Dapp está em desenvolvimento, com previsão de lançamento em 2020. A solução acompanhará a plataforma de bug bounties (já em funcionamento em web.solidified.io) e dum mercado de predição de bugs. A ideia da Solidified, que já está em funcionamento, é criar um mercado de Bug Bounty, garantindo formas mais fáceis de encontrar uma auditoria de contratos inteligentes e com orçamentos justos, ideia semelhante ao projeto OpenZeppelin. A Solidified criou um ambiente na Amazon AWS para desenvolvedores interessados em auditar códigos como treino, que é um projeto educacional no estilo capture the flag. Outro palestrante do Meetup sobre segurança foi o Everton Melo, que detectou um Bug na OmiseGo e outro na PIVX, e recebeu os créditos por seu trabalho de ambas as equipes. Everton, que palestrou também na Roadsec 2018 em São Paulo com a palestra “Como hackear uma blockchain“, falou também sobre a proposta da ISO / TC 307, que é uma proposta para padronizar aplicações blockchain e DLTs. Um outro ponto de sua fala é a analise do Github do Bitcoin Core, Bitcoin Cash e Bitcoin Gold, que de acordo com o analista possuem muitas diferenças, destacando que o Core possui inúmeras vantagens no ambiente open, além de controle de versão superior a seus forks. Fonte: https://docs.google.com/presentation/d/10TR3It78M1AGvhNBUbbNAyoj08atzXAurbEaoWabspE/edit#slide=id.g468f7d3cc2_0_2 De acordo com Everton, as tecnologias devem ser sempre analisadas por seu GitHub, visto que o ponto forte das criptomoedas é o seu código fonte aberto, e que quando detectadas falhas nos projetos, as comunidades devem aceitar e buscar corrigir os problemas sem ataques ao desenvolvedor auditor. O palestrante citou o problema com uma comunidade ao indagar as bases da cripto, que além de não ter acatado as suas críticas, atacou pessoalmente o desenvolvedor. De acordo com Everton, o Bitcoin Core possui uma enorme lentidão ao confirmar falhas devido a complexidade do projeto, e quando detectadas devem ser apontadas pelo auditor a versão do código do qual foram detectadas falhas, para facilitar o trabalho de correção das mesmas e dar mais credibilidade ao seu trabalho. Além disso, destacou o problema do OverFlow presente no código do Bitcoin, que inclusive foi destaque em um Twitter de Jimmy Song recentemente. Para finalizar, Everton destacou que dentre os inúmeros projetos que existem no cenário atual, o que ele mais acredita no longo prazo seria o que une o Ethereum com a Zcash, chamado projeto Alchemy. Em um mercado com inúmeras criptomoedas, existem várias com boas ideias, mas com execuções que não são boas, logo ficar atento ao investir em projetos é importante, destaca Melo. Para quem possui o interesse em aprender a linguagem de programação Solidity há várias opções na web gratuitas, e tende a ser uma das linguagens mais utilizadas por desenvolvedores de blockchain nos próximos anos. Estudar segurança da informação também é muito importante, a fim de evitar problemas com Dapps e Smart Contracts, pois como a Blockchain é imutável, após finalizar a programação e colocar os mesmos na rede fica difícil a correção de bugs no ambiente. Para Fábio, o ataque em contratos na TestNet é difícil, mas no ambiente da MainNet e principalmente que envolve valores, os atacantes podem ter mais ince

2 months ago

Safex presented by Dan Dabek at the OMG Commerce conference ...

Safex presented by Dan Dabek at the OMG Commerce conference in Belgrade, Serbia: A conference about ecommerce and d… https://t.co/CqKSZxu3pH

2 months ago

New Bitcoin Carnage Sends BTC Prices to 2018 Lows, 3-day RSI Matches That of January 2015

The end of the year hasn’t been good for cryptocurrency prices so far. The crypto markets faced another bloodbath on Monday as Bitcoin reached 2018 lows, and is currently trading at $4,591. Ethereum and other altcoins are following suit, while Bitcoin’s market capitalization fell below $100 billion. The longstanding bearish markets are still taking a toll on digital currencies. Crypto expert and investor Alistair Milne also suggests that the 3-day RSI for BTC matches that of its 2015 performance. Crypto Markets Drop Further Bitcoin is currently down by over 10 percent in the past 24 hours according to TradingView. Some of the hardest hit popular coins include Monaco, NEO, and OmiseGO, with over 15 percent declines. Cardano, Monero, and Dash are suffering over 13 percent losses. Most coins in the top 50 bled profusely as the market’s tuned to selling. Digital Currency Fund CIO and crypto investor Alistair Milne shared his views on Twitter earlier in the day. He noted: “Last time the Bitcoin 3-day RSI was this low was the January 2015 ‘capitulation’ bottom.” In a subsequent tweet, he said: “A better view - sorry Note: I didn’t say this is capitulation nor say the 3-day RSI can’t go lower (it can)” It’s not going to end well for Bitcoin and other currencies, as far as the current quarter is concerned. Recently, longtime crypto bull Tom Lee cut his year-end forecast for BTC yet again, predicting a $15,000 - $25,000 range. The Chaotic State of Cryptocurrencies The slump comes days after the Bitcoin Cash hard fork. The fork, which led to the creation of two competing chains - Bitcoin Cash ABC and Bitcoin Cash SV has led to the so-called Hash Wars where each chain is trying to trump the other. Most exchanges are now left with two chains they will have to support and distribute coins between the users. The Bitcoin Cash fork may have had a major impact on the crypto markets which goes on to show the volatility of the crypto market. But that is not the only issues the market has to face. Accounting firm KPMG said last week that cryptos are not ready to be classified as real currencies. It said that using Bitcoin as a store of value will be a “fool’s errand.” It, however, also pointed to the bright side as KPMG chief economist Constance Hunter noted: “More participation from the broader financial services ecosystem will help drive trust and scale for the tokenized economy and help the crypto market grow and mature.” New Bitcoin Carnage Sends BTC Prices to 2018 Lows, 3-day RSI Matches That of January 2015 was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 months ago

Plasma Dog: The First dApp On OmiseGo

When it comes to games, the blockchain can be a dull beat. Call of Duty: Senseless Violence has not yet become a big hit on Ethereum, but there’s one dApp that’s won’t make you fall asleep. Hoard, a blockchain development company, has teamed up with OmiseGo (OMG) and accomplished two feats which previously seemed impossible: successfully demonstrating a scaling solution, while also not boring you to death. Introducing “Plasma Dog,” the first dApp on the OmiseGo blockchain, and a good way to kill a few hours. Plasma Dog is a retro, 1980’s style side-scroller: you play “Officer Dog,” a blockchain-dwelling canine in a quest to capture “UTXO’s” and “Atomic swaps” while avoiding spikes, “Double Spends,” “Invalid Blocks” and other cryptographic esoterica. The game was developed in advance of DevCon 4, and is intended to demonstrate the viability of Plasma as a scaling solution for OmiseGo. I wonder if the final boss is Craig Wright. But unlike the average Atari shooter, the game doesn’t end when you turn it off; prizes collected in-game can be added to the players’ blockchain address, allowing complete, permanent possession of the virtual items. “The coins are called “UTXOs” and they are sent to the player’s wallet in real time as Plasma Dog traverses and collect them throughout Blockchain World,” explains Chris Robison, Community Manager for the Hoard team. “When players accomplish certain achievements, those are also added to the player’s address.” Plasma Dog wasn’t just invented to satisfy our ‘80s nostalgia, and the Hoard team regards it as proof that the Plasma child chain is a viable solution for inexpensive, high levels of transaction throughput. “Plasma Dog demonstrates that Plasma MVP can scalably process real time gaming transactions,” Robison said, in an email. “And it’s running without a hitch!” They didn’t strain their creativity on the character names. OmiseGo is not typically considered a gaming platform, and is more targeted to banking and finance rather than jumping dogs. However, Hoard says that using the chain for in-game assets is a logical stepping stone to financial use-cases: The partnership is match made in crypto-heaven because OmiseGO’s ambitious mission is to Unbank the Banked. Consider this: who is more “banked” than gamers? Except for a handful of blockchain-based game experiments, all video game assets ever are held by a custodian — their games’ servers. By starting with in-game assets, and demonstrating the possibility of true ownership without trusted custodians, Hoard says that they have demonstrated the scalability of Plasma for financial and other asset transactions: While the long term vision of the OMG Network is primarily to process traditional financial payment activities, it makes a lot of sense to begin with video games. Video games require all the same functionality as legacy finance: you need to be able buy, sell, trade, rent, loan, collateralize, incorporate (guilds), etc. In fact, in many cases video games require greater levels of complexity than are even possible in the real world. Plasma Dog currently lives on OMG Testnet, but the game design will later be implemented into Hoard’s software development kit (SDK), providing the architecture for a future global marketplace for in-game items. “[B]ecause Hoard will continue to leverage the OMG Network on its journey to mainnet, all Hoard games will instantly be able to take advantage of all of OMG’s fiat payment gateway on-off ramps,” Hoard says. “This means that in the future you will be able to seamlessly exchange your Plasma Dog tokens for a cup of coffee at your neighborhood cafe. Wow!” That’s a pretty tall order, and they may be overpromising. I’d be happier if I could finish the damn game. The author is not invested in OMG, but owns digital assets. The post Plasma Dog: The First dApp On OmiseGo appeared first on Crypto Briefing.

2 months ago

Should Ethereum Be Worried About Token Migration?

Although Ethereum is the ICO favored go-to platform, there is a trend emerging towards migration away from its native ERC20 token to home-baked alternatives once projects get underway. Despite Ethereum’s undisputed dominance owing to the ease of setting up ERC20 tokens to facilitate ICOs, issues such as scalability and transaction speed problems, along with network clogging, have had the effect of driving ICOs to look elsewhere for a better solution. Ethereum’s ERC20 technical standard has essentially been used by startups as a kind of incubator, it being the primary tool that allows creating tokens for trading. One of the latest to take this route is the Kin Foundation, which boasts some 300 million monthly users of its Kik Messenger app. A spokesman for the Kin Foundation has explained that the company has been talking to exchanges to allow users that transfer their tokens from wallets to exchanges to forfeit the original ERC20 tokens to Kin’s own native KIN token on its own blockchain, although users can still sit hold their tokens on Ethereum as long as they wish with no time restraint. KIN’s promotional PR suggests “incredible speed and scalability” along with security and scalability after the shift to its own blockchain. The concept of migrating in this way, of course, is not new. Others who have made this move, notably EOS and Tron, also took the migration route away from the Ethereum blockchain which got them up and running. Since the launch of the EOS mainnet earlier this year, EOS have scooped up EOSBet, Medipedia, Tixico, Billionaire Token, Insights Network, WAX and Sentinel Protocol. Justin Sun, Tron’s founder and CEO, said that their shift from ERC20 protects their user’s interests. T-21 days until Mainnet launch! #TRON will be one of the most competitive mainstream blockchains with the most users. We graduated #1 from the ETH platform with 1.08M+ users, more than OMG and EOS combined. ETH was just a prelude. Now for the main act $TRX pic.twitter.com/Oyj4XN1T7l — Justin Sun (@justinsuntron) May 9, 2018 Sun added, “We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum.” However, despite such fighting talk from Tron’s top man, the sheer size of the Ethereum blockchain means that it is unlikely that any sleep will be lost just yet for Ethereum backers but migration from ERC20 is a space well worth watching. 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 Should Ethereum Be Worried About Token Migration? appeared first on BitcoinNews.com.

2 months ago

XRP Receives Support from Coinbase Custody

Coinbase reportedly has officially added XRP as a supported asset to Coinbase Custody. Coinbase Custody is a service specifically designed for institutions that want to have custodial services. At the time of this writing, the assets supported by Coinbase Custody include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), 0x (ZRX), Basic Attention Token (BAT), OmiseGo (OMG) and XRP. However, the community is still awaiting for XRP to be listed in Coinbase Pro and Coinbase. XRP is currently being traded around $0.46 dollars and has a market capitalization of $18.77 billion dollars. (RL)

2 months ago

We spent the last few months building Lake Trade - A beautiful, ZERO-FEE decentralized trading platform powered by Ethereum and 0x. We'd love the ETH community's feedback!

Hey fellow buidlers and hodlers 👋 For the past few months, we've been working around the clock on building a ZERO-FEE decentralized trading platform called Lake Trade, where you can trade directly out of your Ethereum wallet. We're super excited to finally launch it on Reddit! We've built this on Ethereum and the 0x protocol, and designed it from the ground up to be secure, fast and user-friendly. Building on 0x gives us immediate, **shared liquidity** with the 0x network, which means you can start trading today and see real volume on our platform. https://i.redd.it/2kpo1i7s3ly11.jpg ## Try Lake Trade now! [http://trade.lakeproject.co](http://trade.lakeproject.co/) ## It's not perfect, here's what to expect: * Centralized exchanges will have higher liquidity * Trade execution is slower but improving (they're getting pretty good!) * You will need to pay Ethereum gas fees (significantly less than most exchange fees) * We maintain an open order book, we do not match trades directly like centralized exchanges * Unfortunately for compliance reasons we currently do not support the US (We're working on this, but it takes time and money) Now, you might be thinking: "Not another relayer - what's so special about this one?" ## Here's what makes Lake Trade great: * **Zero-Fee Trades** \- We believe in creating things of value, not paywalls * **Millions $ in Volume** \- We have shared liquidity with the 0x network * **Trade Popular ERC-20 Tokens** \- DNT, BAT, REP, REQ, OMG and more! * **User-Friendly & Powerful** \- We built an intuitive and beautiful platform for trading ERC-20 tokens, with more to come (margin trading, derivatives) * **Portfolio features** \- So far we've implemented charts to show the allocation of your balances, with other analytics on our roadmap * **Trade From Your Wallet** \- No signups. We support Metamask, with Ledger and Trezor support soon! * **Real Customer Support** \- We ACTUALLY have customer support with live chat or email # Lake Trade is one piece of our vision - We're aiming to build Finance 2.0 **For the first time in history, we have a technology that enables us to build a globally inclusive, frictionless, and peer-to-peer financial system**: one that enables us to trade value directly with each other, all while having full custody of our assets and money. By harnessing this new technology and building the right tools, we can create markets that are more transparent, inclusive, efficient and user-centric. To get there, we need to build a decentralized financial stack. As a team, we are determined to be at the forefront of building secure, user-first products that empowers people to preserve their wealth, trade seamlessly, and do commerce globally at low cost. https://i.redd.it/7gcde5aw3ly11.jpg ## To realize this new future, we need to work collaboratively with regulators As I'm sure everyone's aware by now of EtherDelta's SEC charges. This obviously has implications for the Lake Project and our trading platform. We believe it's crucial to build a cooperative relationship with regulators, and work together to build meaningful progress and to advance adoption of cryptocurrencies. To do that, we are doing our best to be compliant with securities laws and applicable regulations. To be compliant, we're taking the following steps: 1. We have a due diligence process in place to ensure we list only utility tokens. We do **not** list any security tokens 2. We have built blacklist capabilities to prevent access to our trading platform for regions where it's illegal to trade the tokens listed on Lake Trade 3. We've put terms and conditions in place to reflect these regulatory requirements where applicable 4. We're actively talking to industry experts and legal counsel on best steps forward to be compliant ## What's Next? Automatic Investing powered by our A.I. The often overlooked piece in Finance 2.0 is wealth preservation and growth. We need tools that anyone can take advantage of, at significantly lower costs than traditional investment options today. With our team's deep expertise in data-science and AI, our next goal is to build an AI-driven investment fund **available to anyone, anywhere**. We've already made good progress on the AI, and we've begun rigorous back-testing to ensure performance. We'll be posting more updates on this as we do more comprehensive testing with our AI. If you want to stay connected, please subscribe to our mailing list on our website at [http://lakeproject.co](http://lakeproject.co/) ## Help us build a next-generation Open Financial System We're on a mission to build great products that empower people all over the world to make the right economic decisions for their needs. Lake Trade is just the beginning, and we have more ideas we're exploring. Please leave a comment with your constructive feedback and we'd be happy to work with everyone to fix any issues, build out new useful features, or help tackle other challenges in the

2 months ago

Thai SEC Issues Warning on Q Exchange

Thailand’s Security and Exchange Commission (SEC) has issued a warning to residents about Q Exchange stating that it is not “a licensed digital asset operator”. The SEC had said that Q Exchange offered electronic money advisory and cryptocurrency trading, through print media outlet and also by using social media and other forms of online media to facilitate publicity of their services. It was pointed out that the company had scarce online data, providing only an index page of the website, with no information about the exchange nor the services being provided. As reported by Thai local news media lokwannee, Q Exchange offers digital asset trading services in BTC, ETH, BCH, XRP, LTC, NEO, OmiseGo, DASH, and ADA. It had plans to introduce its platform token, Q token. The exchange may have targeted the Thailand market as blockchain business is taking a critical turn there both in terms of development and regulation. Chamnarn Suk, General Manager of Q Exchange Co Ltd, during the launch of the exchange had this to say: “We are a joint venture with a major Korean company. The best management system in the industry... We intend to be the largest provider of currency exchange and services in Thailand, where we will educate...” However, the Thai regulator has warned citizens that if investors, traders or holders of digital assets are “persuaded to receive digital asset exchange services or electronic money transactions”, they are at risk, as they are “not protected by the law under the supervision of the SEC”. This public notice has also been followed up with a cease and desist order, whereby the SEC has expressly informed the Q Exchange management to cease its enticements for public investment and instructed the company to take precautions against violations of the Digital Asset royal decree of 2018. On the subject of regulation, the country’s deputy prime minister, Wissanu Kreangam, is a strong voice for the intensifying of digital currency control measures, stating their vulnerability to being used for criminal activities such as money laundering and funding terrorism. 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 Thai SEC Issues Warning on Q Exchange appeared first on BitcoinNews.com.

2 months ago

OmiseGO (OMG) To Go Mainstream, Signs MOU with Taxi App TADA

Partnerships are a great way to grow and increase adoption in the crypto and blockchain universe and OmiseGO is really using it well to its benefit to spread its wings across industries. The latest industry where OmiseGO has stepped in is the mobility industry as it is believed to have signed the MOU with TADA a popular Taxi app in Singapore. OmiseGO to develop a Proof-of-Concept (POC) for TADA app According to the recent news updates that hit the street, OmiseGo, the only blockchain project that has received the backing of Vitalik Buterin, has signed an signed a memorandum of understanding (MOU) today with Mass Vehicle Ledger (MVL), the company behind the popular ride-hailing app TADA. According to the agreement both companies will collaborate on research and technology development. It is believed both companies would come together develop a strong proof-of-concept (POC) for how blockchain, and the OmiseGo platform specifically, can improve the TADA app. OmiseGo’s managing director, Vansa Chatikavanij announced this partnership and was quoted saying We are pleased to sign an MOU with MVL to deliver a POC for their ride-hailing service TADA,” “This serves as a step forward in our efforts to showcase the potential and benefits of the technologies. Based in Singapore, TADA already uses blockchain to offer users a cheaper cab fare. Unlike centralized services, such as Uber and Grab, the project does not charge a commission. Although the app only launched in the summer, it has picked up significant traction. So far more than 100,000 people in Singapore had used the service, with roughly 17,000 car owners registering as drivers. They have also expanded their services to other countries within the region, including South Korea and plans to launch in Vietnam, Cambodia, and Malaysia in the coming months. Details and particulars of the MOU remain sparsely available in media, but this could definitely test OmiseGO’s capabilities. TADA’s current blockchain records data on transactions, car movements, accidents, and traffic flow onto the MVL blockchain. The idea is the data can be recorded by MVL straight onto the OMG network. MVL’s CEO, Kay Woo, also hinted the OMG blockchain to improve payment options for TADA users. This might include offering options for consumers to pay for rides in cryptocurrency, as well as in the local fiat currency. Certain sections of media also quoted Kay Woo, MVL’s CEO who was quoted saying Utilizing MVL and OmiseGO current blockchain technology operation in Thailand, we expect to bring real-life use cases with TADA using OmiseGO’s Crypto payment, This definitely is a great news for OMG token and OmiseGo project and we may soon see some spikes in the prices if this project goes through well. What is your view on OmiseGo’s partnership strategy? Do let us know your views on the same The post OmiseGO (OMG) To Go Mainstream, Signs MOU with Taxi App TADA appeared first on Coingape.

2 months ago

100k Taxi Users Could OmiseGO TADA Soon

A popular taxi app, with more than 100,000 users in Singapore, thinks it can improve its service using cryptocurrency and blockchain. The financial services platform, OmiseGO (OMG), has agreed to explore possible use cases with them. The collaboration might even see the two working together to bring crypto payments to the taxi service. OmiseGO signed a memorandum of understanding (MOU) today with Mass Vehicle Ledger (MVL), the company behind the popular ride-hailing app TADA. The agreement will see the two companies collaborate on research and technical development. The hope is the two companies will develop a strong proof-of-concept (POC) for how blockchain, and the OMG platform specifically, can improve the TADA app. “We are pleased to sign an MOU with MVL to deliver a POC for their ride hailing service TADA,” said OmiseGO’s managing director, Vansa Chatikavanij. “This serves as a step forward in our efforts to showcase the potential and benefits of the technologies.” OmiseGO and TADA Based in Singapore, TADA already uses blockchain to offer users a cheaper cab fare. Unlike centralized services, such as Uber and Grab, the project does not charge a commission. Although the app only launched in the summer, it has picked up significant traction. So far more than 100,000 people in Singapore had used the service, with roughly 17,000 car owners registering as drivers. They have also expanded their services to other countries within the region, including South Korea. OmiseGO is a decentralized network offering flexibility to payment providers. Working as a dApp off the Ethereum (ETH) network, it is a wholly-owned subsidiary of the Thai-based payment solution, Omise. Similar to Ripple (XRP) or Stellar (XLM), their services are aimed at the existing financial institutions. A mover rather than a shaker. The OMG network is essentially a trustless intermediary for parties to securely transact with one another, in the asset - fiat or crypto - of their choice. It has already implemented the plasma protocol, which processes transactions off the root chain to ease congestion, making transactions faster and cheaper. The platform also relies on a team of validators to confirm transactions. The OMG token is used to pay for transaction fees and must be staked by validators, acting as a form of security deposit. Is this significant OmiseGO news? This is an MOU. Details and particulars of the MOU remain sparse and in the end, nothing may come out of the agreement. Still, the two companies have suggested that the OMG blockchain could be used to log data collected from the TADA app. The service currently records data on transactions, car movements, accidents, and traffic flow onto the MVL blockchain. The idea is the data can be recorded by MVL straight onto the OMG network. MVL’s CEO, Kay Woo, also hinted the OMG blockchain to improve payment options for TADA users. This might include offering options for consumers to pay for rides in cryptocurrency, as well as in the local fiat currency. “We expect to bring real-life use cases with TADA using OmiseGO’s Crypto payment”, said Woo. The name OmiseGO may take on a whole new, and slightly more literal, meaning. The author is invested in ETH, which is mentioned in this article. The post 100k Taxi Users Could OmiseGO TADA Soon appeared first on Crypto Briefing.

2 months ago

PR: Bithumb Celebrates Its Fifth Anniversary with BTC Air Drops

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. The global cryptocurrency stock exchange Bithumb is holding its third commemorative event in celebration of its fifth anniversary. The ‘Super Airdrop Festival’ event has two parts, the Login Event and Air Drop Event, and is open to participation for anyone who is a Bithumb member. Members can participate in the Login Event until December 11th by logging into Bithumb and clicking on the enter event button. In this event, 15 Bitcoins (valued at USD 97,789 as of today) are provided to one winner, who is selected by lottery after the event is concluded. The winner is scheduled to be announced on December 24th. In the Air Drop Event, prize money is given to top 500 with the greatest amount of accrued transactions in the past week. As for prize money, 7 Bitcoins are given to first place (1 person), 100 Ethereum coins are given to second place (4 people), and 8,000 Ripple coins are given to third place (10 people) every Wednesday. In addition, Bithumb is selling a coupon for 10,000 KRW that allows holders to use Jet Cash, Monero, Dash, Bitcoin Gold, OmiseGO (total of 5 Coins) for free for one hour. The Air Drop Event is to be continued until further notice, and the event conclusion date is expected to be announced prior to the date. Furthermore, Bithumb plans to extend the new membership event that it has been holding since last month for foreign members. Bithumb will give out 20,000 Bithumb cash for those who sign up for membership and pay for 20,000 KRW (based on Bithumb cash) worth of transactions within the event period, from November 15th to December 19th. According to Head of Marketing Department of Bithumb, Andy Choi “interest towards not just Bitcoin and Ethereum, but cryptocurrency as a whole is increasing worldwide,” and stated that “We are happy to hold various events to return Bithumb members’ support who always trust and use our service.” On the other hand, Bithumb joined forces with a US based fintech company SeriesOne on the 31st of last month and plans to build a stock-type token exchange in the US during the first half of next year. It is strengthening its position as a global firm specializing in block chain by also opening a decentralized exchange site ‘Bithumb DEX’ on the 15th of last month through its foreign subsidiary. For inquiries, please email at global_mkt@bitcash.com / +82-2-6978-7156 Contact Email Address: global_mkt@bitcash.com Supporting Link: https://www.bithumb.com/merchant/gwbanner?bsid=P_BWA1112&utm_source=btc&utm_medium=PR&utm_campaign=ww This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post PR: Bithumb Celebrates Its Fifth Anniversary with BTC Air Drops appeared first on Bitcoin News.

2 months ago

OmiseGo (OMG) Signs MOU to Explore Proof-of-Concept with Ride-Hailing App

OmiseGo recently signed an MOU with Mass Vehicle Ledger (MVL), the company behind the ride-hailing and taxi app TADA, to develop a proof-of-concept (POC) for how the OMG platform and blockchain can help to improve the TADA app and service. TADA is based in Singapore and has already served more than 100,000 people since launching this past summer. The app utilizes blockchain technology to offer users a cheaper cab fare and sets itself apart from centralized services like Uber and Grab by not charging any commission fees. (JF)

2 months ago

Market Update Oct.13: Bears Are Back, Year-End Rally Nearby?

After a positive week for the alternative coins, a correction came to remind us of the risks involved with market volatility. However, the sharp declines have already been halted for the moment, getting closer to the dangerous $6000 zone. Ahead of the expected Fork of Bitcoin Cash hard fork, the price of the currency has risen by tens of percent and has attracted considerable interest from traders and investors who are eyeing the market. In light of the upcoming decisions regarding Bitcoin ETFs and other financial instruments related to the crypto markets, a trend has recently been initiated by regulators turning to large-volume crypto exchanges that affect the Bitcoin price and other altcoins in order to try to understand the price discovery mechanism. The end of the year is near, and November began with a positive altcoin trend. The recent price hikes brought a positive sign to the market. But if we put the prices of the coins aside and look at the development of the infrastructure, the number of companies, employees and the partnerships that are being formed, one might expect another bullish wave in the near future. Bitcoin continues to be the dominant and leading currency in the market and begins to show signs of stability with support around $6,200. Bitcoin dominance 52.2% | Market Cap: $211 billion | Trading volume: $10 billion Crypto News & Headlines SEC Charges EtherDelta’s Founder for Operating an Unregistered Exchange. The U.S SEC has heavily fined Zachary Coburn for operating an unregistered platform that allows people to buy and sell tokens that the agency had earlier marked as “securities.” Bitcoin Early Adopter Gave Away BTC Worth $100M: The Endless Dilemma. 15,678 BTC was given out in developer bounties by Jeff Garzik who started writing code for Bitcoin eight years ago. The developer is happy that Bitcoin is still around and doesn’t regret giving away that amount of wealth in the early days. VanEck: A Bitcoin ETF Approval Would Mean An In-Flow Of Billions Of Dollars In Investment. Gabor Gurbacs, VanEck’s Director of Digital Assets Strategy, has reaffirmed that the crypto markets will see an influx of investment in billions of dollars, whenever the long-awaited Bitcoin ETF is approved. Weiss Ratings Updates Cryptocurrency Ratings, Labels XRP, Stellar, Cardano, And EOS As “Buys.” The traditional asset rating company has added cryptocurrencies to their index and even gone a step further by recommending buys into XRP, XLM, ADA, and EOS which are among the top ten largest cryptocurrencies by market cap. BitMEX CEO: “We Don’t Trade Against Our Customers.” Arthur Hayes has seemingly replied to a pseudonymous crypto entity who said that their crypto exchange cares more about money than users. Such a thought is nonsensical according to the CEO. Charts Bitcoin Traded around $6,300 support in this range at $6,200 resistance at $6,400 we declined slightly because resistance at $6,500 was not breached. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'VnJqbSRh'; new TradingView.chart(tradingview_embed_options); Ethereum Against the dollar traded around $211 support still holds around $200. Resistance at $215 with the next step being built around $225. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = '13jn4ya1'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.032BTC support is being built around this resistance at 0.00333BTC after a failed attempt to break up the 0.034BTC. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'TifLS8FI'; new TradingView.chart(tradingview_embed_options); Bitcoin Cash Against the dollar trading around $540 and looking for support around $500 resistance at $650, after a sharp rise the correction has come. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'GCN9pFui'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.084BTC, and resistance in this range around 0.088BTC. The peak was at 0.098BTC, and this week the graph shows there is a change of trend in light of the fork. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'DR6DOIFB'; new TradingView.chart(tradingview_embed_options); OMG Against the dollar, support holds around $3. Is this the floor? Traded around $3.20, resistance in this range $3.70. If we breach this price, we’ll get a confirmation that we have touched the floor. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_opti

2 months ago

⭐ GCR Exclusive Member Discounts to Upcoming Conferences in Tokyo, Korea and San Francisco

Join Our Premium Plan, and Enjoy Ongoing GCR Exclusive Discounts to Events From Around the World Like the Ones Below Node Tokyo | Tokyo | November 19-20, 2018 NodeTokyo is the first international blockchain conference to be held in Tokyo in 2018. Speakers include Aya Miyaguchi from Ethereum Foundation, Jun Hasegawa from OmiseGo, Benny Giang from Cryptokitties and more. Free community ticket with code “community_GCR” Link with discount code applied Buidl.Korea | Seoul | November 29-30, 2018 Buidl.Korea is a technical, academic forum in which developers and academics exchange their ideas and present on working protocols, products, and academic research in blockchain technology. Speakers include the founder of Cosmos Jae Kwon, CEO of Kadena Will Martino, co-founder of Polkadot, co-founder of Origin protocol, Jon Choi from Ethereum Foundation and more. Discounted tickets for students, developers, researchers, and other BUIDLers are available for $49 through a quick application. World Digital Asset Summit | San Francisco | December 9 - December 11th World Digital Assets Summit 2 (“WDAS 2 ”) San Francisco 2018 is an annual conference designed to showcase the most cutting-edge and forward-thinking trends, technology and projects within the blockchain space. Speakers include Vincent Zhou, founding partner of FBG Capital; Olaf Carlson-Wee, CEO of Polychain; Brendan Eich, CEO of Basic Attention Token; Chris Wang, CEO of Thunder, and more. Exclusive, 15% discount to regular ticket price with the code “GLOBALCOINRESEARCH”

2 months ago

Daily Cryptocurrency News - 5th November 2018

Here are the latest most important cryptocurrency news of November 5, 2018 Whiteblock Releases New Report: EOS isn’t a Blockchain, Just a Distributed Database Image Source: Crypto News Asia The blockchain testing and research company Whiteblock Inc has just released a damnatory verdict on EOS. Published on November 1, 2018, the report is titled “EOS: An Architectural, Performance and Economic Analysis.” The report claims that EOS is not a blockchain at all, but rather a “distributed homogeneous database.” According to the report compiled by Whiteblock’s research team, EOS has many shocking security and protocol failings. These failings fatally compromise many of the use cases suggested for the network once dubbed the “Ethereum killer.” Over the course of two months since its September launch, the test evaluated the EOS network’s transactional throughput against its claimed capacity. They also tested its response in different areas such as: Adverse network conditions, Response to variable transaction rates and sizes, Average transaction completion time, Partition tolerance and Fault tolerance. The results are far from flattering. “EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated. EOS token and RAM market is essentially a cloud service where the network provides promises for computational resources in a blackbox for users to access via credits. There is no mechanism for accountability due to the lack of transparency on what Block producers can create in terms of computational power.” For more info, you can go to this link. Bitcoin Cash (BCH) gains 25% in Three Days Before The Hard Fork for 15th of November Image Source: SFOX Bitcoin Cash’s price has been increasing by a significant amount. From Nov 2, its price has jumped by about 25%. Bitcoin Cash is currently trading at $568 USD, compared to the $425 at Nov 4. The primary reason for this increase in price is because of the support for hard fork extended by two big crypto exchanges. Those exchanges are Binance and Coinbase. In the official announcement for extending the support for Bitcoin Cash hard fork, crypto exchange Binance wrote: “Binance would like to confirm support for the upcoming Bitcoin Cash hard fork. We will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC). Deposits and withdrawals of Bitcoin Cash suspend starting from 2018/11/15 3:00:00 PM (UTC). Please leave sufficient time for deposits to process in full prior to this time. We will handle all technical requirements involved for all users holding Bitcoin Cash in their Binance accounts.” After the Binance announcement, popular crypto exchange Coinbase joined to extend support for the BCH hard fork. The Coinbase team wrote: “Twice a year, the Bitcoin Cash (BCH) network hard forks as part of scheduled protocol upgrades. The next BCH hard fork will be this Nov 15, 2018, and Coinbase is preparing to support the published roadmap from bitcoincash.org”. Ledger, has also said that it will protect BCH users through the fork. Moreover, it also claims that as per the requirement, it will support the most dominant chain, the fork with the highest stability and most hashing power. OmiseGO (OMG) Just Launched First dApp: Plasma Dog, a 2-D Platformer Video Game OmiseGO (OMG) has officially launched the first decentralized app (dApp) on their network. With the launch of the new “Plasma Dog” game, on OMG’s Plasma testnet, OMG moves one step closer to deploying user-friendly dApps to the network. The game is called Plasma Dog! Play the game here: https://t.co/NxGOmZaNSs And check out the transactions on our internal testnet: https://t.co/ZlydWnqEYn#OMG #Plasma #blockchain #OmiseGO #HoardExchange #Devcon4 — OmiseGO (@omise_go) November 1, 2018 Plasma Dog is a traditional 2D side-scroller similar to classic Super Mario Brothers games. The game was initially announced on November 1 at the conclusion of the Ethereum Devcon4 conference in Prague, Czech Republic. Plasma dog uses common cryptocurrency terms as characters in the game. Enemies include double spends, faulty child chains, invalid blocks, and even node collusion. The in-game currency is also known as UTXO, short for Unspent Transaction Output. It is also the term used for the change of a transaction that’s waiting to be spent. The UTXO token, native to OMG, is immediately delivered to the user’s wallet as soon as they’re obtained in-game. If you want to try this new game, you can try it for free here. Crypto Trading in South Korea Surges; Trading Volume in South Korea Increases by 10 to 15 Percent Image Source: Forbes Over the last 48 hours, the daily trading volume of crypto exchanges in South Korea has surged substantially by a range of 10 to 15 percent. Bithumb, the largest cryptocurrency trading platform in the local market by trading volume, has seen a spike in daily trading

2 months ago

The new OmiseGo (OMG) Plasma TestNet has its First Live Dapp: Plasma Dog

Following the recent successful launch of OmiseGO’s (OMG) new Plasma MVP testnet, the platform has announced its first live proof-of-concept game utilizing the layer 2 scaling solution being developed on the Ethereum network. The game is called Plasma Dog, and is a blockchain-based decentralized application (dapp) game created by Hoard that is a “Simple, retro 2D-platformer that allows true ownership of in-game assets.” The game leverages OmiseGO’s internal testnet for validation while OmiseGO acts as the Plasma Chain Operator using a proof-of-authority (PoA) scheme. (JF)

2 months ago

Quantstamp partners with OmiseGo to make Ethereum safer by securing plasma MVP

CryptoNinjas Quantstamp, the blockchain security company developing protocols that enhance smart contract security recently conducted their most significant audit to date: OmiseGo’s Minimum Viable Plasma (MVP) implementation. Quantstamp’s objective... Quantstamp partners with OmiseGo to make Ethereum safer by securing plasma MVP

2 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™.

2 months ago

4 Major OmiseGo Improvements Currently in Development

All cryptocurrency ecosystems need to keep evolving over time. Introducing new features and building the underlying infrastructure takes center stage. In the case of OmiseGo, a lot of interesting things are in development right now, although they will take a while to be fully realized. The following projects are worth paying attention to. #4 eWallet Suite Onboarding users to a network is always a big challenge, especially for altcoins. In the case of OmiseGo, its eWallet Suite is designed to solve that problem. This open source software toolkit can onboard both users and merchants through a convenient option. A full suite of tools and applications is being built at this time, although there is still some work to be done. The first “official” version of eWallet was released a little while ago, and the new version should be ready in the coming weeks. The team is also working on integration libraries for other coding languages and frameworks, with Elixir being the first on the list. In version 1.2 of eWallet, blockchain integration will commence. #3 Plasma In the world of blockchain scaling, Plasma is considered to be one of the bigger developments. OmiseGo will get its own plasma-based implementation in the form of Tesuji Plasma. An internal testnet is being developed at this stage, and a public testnet release will happen in the coming weeks. Once it hits the mainnet, OmiseGo will see significant scaling improvements. #2 DEX Layer Similar to a few other altcoins, OmiseGo is looking to build a decentralized exchange layer in the coming months. That project has been in development for some time now, albeit the implementation is still in the early stages of development. In its first “live” iteration, the layer offers users control of their funds for most of the time and heavily relies on on-chain transactions. Once an order is placed, custody of funds is transferred to the trading venue facilitating the trade. #1 Proof-of-Stake Perhaps the biggest upcoming change to OmiseGo comes in the form of the PoS consensus algorithm. Its native currency was designed specifically to promote staking, as network validators run nodes to perform network consensus. For the time being, OmiseGo’s PoS consensus implication is not fully completed yet. Instead, there is still some work to be done. According to the developers, there will no finalized PoS design until the Plasma implementation has been fully tested and audited. That appears to be a smart decision at this stage, even though the general framework for proof-of-stake has been in place for a while now. It will be interesting to see how the team decides to move ahead in this regard, as no official timelines have been proposed just yet. The post 4 Major OmiseGo Improvements Currently in Development appeared first on NullTX.

2 months ago

TED talks, SF Blockchain Week, auditing OMG Plasma, and more...

TED talks, SF Blockchain Week, auditing OMG Plasma, and more! Find out everything that's been happening at Quantsta… https://t.co/dccPQXwVCG

2 months ago

Cryptocurrency Market Update: Birthday Bitcoin Stays Over $6,000 for a Year

FOMO Moments Markets have found a new level for now; Dash, OmiseGO starting to recover, Revain dumping still. Crypto markets seem to have found another plateau for the time being. Yesterday’s big dump stopped just above $200 billion total capitalization and markets have remained at that level today. Bitcoin has found support above $6,300 for now and has stayed there for the past 24 hours remaining flat on the day. The bears are still dominating things so a further decline to $6,200 could be imminent. Ethereum has extended its losses and remains under $200 at $197 at the moment. Altcoins are currently mixed which suggests that they have found another level and no further losses have occurred. In the top ten only Monero has managed to claw back anything, and that is only 1.2% to just over $100. The biggest loser is Cardano again as ADA slips closer to dropping out of the top ten. The top twenty is also half green and half red but only marginally. Dash is currently making the best recovery with a 2.5% gain to $156. Still falling is VeChain with a further loss of 2.5% during the morning’s Asian trading session. Just outside this area of the chart at 21 is OmiseGO has also made nearly 4% back today. There are no double figure fomo pumps right now but topping the top one hundred’s best performing altcoins at the time of writing is Chainlink and Pundi X bit gaining 6-8 percent on the day. PIVX has also regained 5% and Loom Network is not far behind. Topping the red end of the top one hundred and the only altcoin with a double digit loss is Revain shedding 13% at the moment. Also getting beat up is Cryptonex, Dentacoin, Digitex Futures, and Revencoin all losing over 7% on the day. Total market capitalization has held the level it fell to yesterday which is $203 billion. Trade volume is a lowly $10 billion and this appears to be its new channel for now. We are still in the depths of 2018’s yearlong crypto winter. Bitcoin’s dominance has remained over 54% for its birthday and aside from a couple of quick dips has remained over $6,000 for a year which is remarkable. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: Birthday Bitcoin Stays Over $6,000 for a Year appeared first on NewsBTC.

2 months ago

OMG Have You Heard About The New OmiseGo Update?!

Not many altcoins went through the bear market and came out looking good on the other side and OmiseGo isn’t an exception. Some have quite simply faded away while others continue on with their projects no matter the token market prices. The team at OmiseGo has done this and has recently updated the community on their latest updates in the ecosystem. In a Medium post yesterday, a quick message was said to send the message that the project is still sticking to its guns and new developers are still being made. The team has moved away from a milestone model stating that “It’s been our experience that the milestone model has led to a cycle of waiting, speculation, frustration, brief excitement upon release, and then recommencement of waiting, with not enough clarity in between.” Instead, they are using a tracker to show the advancements with less time and lists jobs to be finished for each milestone. The end goal is to make the time periods between each milestone not as shrouded and “interminable”. The OMG Network intends to serve as a decentralised exchange. The ecosystem, as it stands, consists of an application interface, eWallet suite, Plasma Blockchain scalability framework, decentralised exchange layer and a proof of stake consensus mechanism. The thought process is that once connected to Ethereum and plasma, users will be able to receive, send and store digital currencies and tokenised fiat on the eWallet software. The medium post added, “We will expand the capabilities of the OMG Network to support additional currencies, working toward a fully currency agnostic exchange.” As said by Ethereum World News, a big part of the ecosystem is Plasma and this layer of 2 scaling solution could introduce a whole new area for transaction speeds to the current blockchain systems which are essentially limited. Plasma takes the pressure off the root chain with a few extra security protocols. DevCon4 is the next venture for the team, however, part of which includes the auditing of the network and plasma integration by Quantstamp, a smart contract company. You can see the two firms interacting on Twitter here: Thank you @Quantstamp for all your hard work and valuable feedback so far! https://t.co/BXoq2jtl6z — OmiseGO (@omise_go) 30 October 2018 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 OMG Have You Heard About The New OmiseGo Update?! appeared first on Crypto Daily™.

2 months ago

OmiseGO (OMG) Recovering as Ecosystem Update Posted, Plasma Audit Successful

Few altcoins have survived the bear market of 2018 and OmiseGO has been no exception. Some have simply fallen away while others continue on with their projects regardless of token market prices. The Omise team has done just that, recently updating the community on latest developments in the ecosystem. Yesterday’s medium post serves as a reminder that the project is still sticking to its roadmap and new developments are still being made. The team has moved away from a milestone model stating; “It’s been our experience that the milestone model has led to a cycle of waiting, speculation, frustration, brief excitement upon release, and then recommencement of waiting, with not enough clarity in between.” Instead they are using a tracker to show progress on a smaller timescale which lists tasks to be completed for each milestone. The aim is to make periods between each milestone “less mysterious and interminable”. The OMG Network aims to serve as a decentralized exchange (DEX). The current ecosystem consists of a eWallet Suite and Application Interface, Plasma Blockchain Scalability Framework, Decentralized Exchange Layer, and Proof-of-Stake Consensus Mechanism. The concept is that once connected to Ethereum and plasma, users will be able to send, receive and store cryptocurrencies such as ERC-20, ERC-721, tokenized fiat, and so on using the eWallet software. “We will expand the capabilities of the OMG Network to support additional currencies, working toward a fully currency agnostic exchange,” the post added. Plasma is a big part of the ecosystem and this layer 2 scaling solution could bring a whole new realm of transaction speeds to current blockchain systems which are fundamentally limited. By using child chains Plasma takes the pressure off the root chain with additional security protocols. The team is gearing up for DevCon4, part of which includes the auditing of the network and Plasma integration by smart contract security firm, Quantstamp; Thank you @Quantstamp for all your hard work and valuable feedback so far! https://t.co/BXoq2jtl6z — OmiseGO (@omise_go) October 30, 2018 “Tesuji Plasma is the first iteration of OmiseGO plasma-based implementation. The design is based on Minimal Viable Plasma. Tesuji is currently on our internal testnet. Audits are in progress with Quantstamp and Synthetic Minds” At the time of writing OMG is one of the few altcoins recovering today. According to CMC it is up 3.5% to $3.21. Over the past few months however OMG has suffered the same fate as all of the other altcoins, a big attack of the bears. The post OmiseGO (OMG) Recovering as Ecosystem Update Posted, Plasma Audit Successful appeared first on Ethereum World News.

2 months ago

OmiseGO Registers Gains Following the News of a Successful Plasma Audit

In a medium post, smart contract security company Quantstamp announced that OMG's plasma audit was successful. Plasma which is part of OMG's ecosystem is a scaling solution which will increase transaction speeds to the blockchain systems that are currently in use. The announcement of the successful plasma audit impacted the OMG price notably. Following the announcement, OMG registered gains of 3.5% to trade at $3.21. The gains were significant since the market is currently stable with coins recording minor price changes.(KE)

2 months ago

Deeply grateful to be part of making blockchain history. Aud...

Deeply grateful to be part of making blockchain history. Auditing the OMG Plasma Smart Contract just in time for De… https://t.co/h2IFDLtOBe

3 months ago

Three Years Later, Ethereum’s Hottest DApps Are (Still) ICOs and Cats

With Ethereum’s launch in 2015 came a flurry of excitement over the future potential of smart contracts.Utilizing a more flexible scripting language than Bitcoin, the platform’s decentralized applications (DApps) were touted by proponents as unlocking a plethora of formerly untapped use cases for the blockchain. From tokenized assets and blockchain-based legal contracts to healthcare records and supply chain tracking, DApps are going to remold traditional industries in their image, solve bottlenecks and revolutionize enterprise inefficiencies out of existence.More than three years later, and we’re still waiting for the revolution.The Hard Truth of Modern DApp UseTaken in sum, Ethereum’s top 10 smart contract addresses account for just over 29 million transactions. Sounds substantial, as though the network is cracking on toward mainstream adoption, yeah? The reality: this transaction volume went to DApps that are used for token sales, decentralized exchanges and trading digital kittens.Source: SFOX This is according to research by SFOX, a cryptocurrency prime dealer for high net worth individuals with backing from the likes of the Digital Currency Group and Blockchain Capital. The data was compiled on behalf of SFOX’s clients, the firm told Bitcoin Magazine, as it “regularly reviews the usage of blockchains of the crypto assets [it] supports.” Using Jupyter Notebook to pull data from Google’s public dataset for Ethereum, the firm compiled a list of the most popular Ethereum smart contract addresses to see which DApps were gaining traction among the community.Source: SFOXThe results are in line with a common qualm amongst the community’s more discerning and critical voices, namely that DApps are used for little more than token speculation and exchange. Out of the 10 smart contracts that merited SFOX’s attention, only one was a tokenized use case that wasn’t either an exchange or an ICO contract.In fact, the two most popular DApps were decentralized exchange (DEX) contracts for Ether Delta (now known as Forked Delta) and IDEX, respectively. As this data shows, the two DEXs are go-to hubs to trade ether and ERC-20 tokens, the most common token standard for minting assets on the Ethereum blockchain. Ether Delta has accounted for 10,354,398 transactions since its inception, while IDEX clocks in at 4,590,376.In a show of irony, the third most popular smart contract was used to fund Ethereum’s leading competitor, EOS. Before launching its mainnet in June 2018, smart contract platform EOS held a continuous token sale, a year-long ICO that drew in billions in funding through 2,952,885 transactions. Two other Ethereum-based ICOs, Tron and OmiseGo, also made the list with 1,967,331 and 1,350,274 transactions, placing the cryptocurrency platforms at fifth and tenth, respectively.The only smart contract on the list that doesn’t involve speculating or supporting exchange infrastructure comes in the form of what some have called “digital Beanie Babies.” Depending on the angle you take, even these could be considered a vessel for investment. CryptoKitties, a blockchain-based game for trading, breeding and collecting digital cats, has seen 2,568,983 transactions since it launched last November. Built on the ERC-721 standard for non-fungible assets, each kitty is unique and sports its own distinct traits. The game grabbed headlines in the weeks following its release last year as enthusiasm for the pixilated felines drove prices for some of the rarer kitties to tens of thousands of dollars. This frenzied-demand clogged the Ethereum network, driving up transaction times and costs.The Inroads of Speculation and Innovation The only other notable smart contract that made SFOX’s list comes from Bitcoinereum, the self-proclaimed “first bitcoin mineable ERC-20 token,” ringing up 1,451,763 transactions by paying out mining rewards through the token’s smart contract. As for the rest, Bittrex’s and Poloniex’s wallet reserves for managing and trading ether and tokens account for more than 5 million shared transactions.Of course, Ethereum DApps aren’t the only DApps in use today. EOS has emerged as a powerful rival, and, depending on the day, the platform surpasses Ethereum in transaction volume and users.Still, the use cases on EOS are the same. If they’re not being used for exchange, EOS tokens are used to power smart contract-enabled games or gambling, two gaming applications it shares with its number one competitor Ethereum.Even if they do feed gambling habits and fuel speculation, these gaming DApps are fine use cases in their own right. In correspondence with Bitcoin Magazine, SFOX CEO Akbar Thobhani believes that “CryptoKitties is doing a great job, and it's clear that they continue to have traction.”But the technology is still very much in its infancy, and the smart contracts being used today are a far cry from the ones that optimistic futurists say will underwrite loans, settle legal contracts and tokenize anything from equiti

3 months ago

Decentralized Exchanges Dominate ETH Smart Contracts

Three years after Ethereum launched, the main use for smart contracts is trading tokens. That’s the takeaway from a study by SFOX, a California-based cryptocurrency trading platform, which analyzed the top 10 smart contracts by number of transactions. Researchers used Google’s BigQuery to examine Ethereum’s public dataset. A smart contract is code that automatically transfers value to other contracts or people, and it can be applied in various industries including financial services. The top 10 addresses average nearly 3 million transactions, however the list is top-heavy. Decentralized exchanges by far have the most number of transactions with EtherDelta leading the way at 10.3 million transactions as of Sept. 24. IDEX, another decentralized exchange comes in second at 4.5 million transactions. This type of exchange lets users buy and sell cryptocurrencies without a centralized intermediary holding on to the funds. That is, crypto traders and investors can transact simply by using private keys. Decentralized exchanges account for 20% (or two overall) among the top 10 smart contract addresses, but EtherDelta and IDEX have nearly 15 million transactions combined. “This shows that usage of Ethereum smart contracts remains typically constricted to exchanging ether, Ethereum-based tokens on exchanges, and creating ERC-20 and ERC-721 tokens,” according to SFOX’s researchers in an Oct. 23 blog post. “The more speculative uses of smart contracts, such as prediction markets or buying and selling real estate, have yet to hit significant mainstream usage.” Initial coin offerings (ICOs) of ERC-20 tokens have 40% (or four overall) of the top 10 smart contract addresses, but ICOs do not nearly have as many transactions as decentralized exchanges. In fact, EtherDelta alone has 35% more transactions (10.3 million) than all ICOs in the top 10 combined (at nearly 7.6 million). ICOs on the list include EOS (3rd overall), Tron, (5th), Bitcoinereum (9th) and OmiseGO (10th). EOS’s transaction count is 2.9 million; TRON’s is 1.9 million; Bitcoinereum’s is 1.4 million; and OmiseGO’s is 1.3 million. And the list wouldn’t be complete without a virtual sensation. The viral CryptoKitties project ranks fourth with 2.5 million transactions. The Ethereum-based project lets users trade, collect and breed virtual cats. Each kitten takes the form of a unique, non-fungible ERC-721 token that “lives” indefinitely on the blockchain. Users who own an ERC-721 token by having access to its private key essentially own and control the virtual cat. Finally, centralized exchanges make up the rest of the transactions in the top 10 smart contract addresses. Poloniex’s transaction count is 1.7 million (6th); Bittrex’s is 1.5 million (7th); and Bittrex Wallet’s is also 1.5 million (8th). These exchanges hold users’ funds directly and function as centralized intermediaries in the trading of crypto assets. These statistics show that despite all the ideas being developed on Ethereum network, and there’s a wide variety, people have gravitated towards practical applications. Notably, these are decentralized and centralized exchanges as well as ICOs, with users preferring decentralized platforms. And let’s not forget CryptoKitties. The author holds digital assets but none mentioned in this article. The post Decentralized Exchanges Dominate ETH Smart Contracts appeared first on Crypto Briefing.

3 months ago

SharesPost Launches ERC-20 Token Index

You’ve heard of the Dow Jones Industrial Average, the NASDAQ Composite and the S&P 500. There are also crypto indices, like those by Coinbase and Galaxy Digital. And now there’s one more. On Thursday, SharesPost launched the SharesPost Token Index to track the growth and maturity of ERC-20 token market. According to the San Francisco-based financial services company, the index is representative of the broad blockchain sector and includes credible projects whose digital tokens have defined utility. Among the cryptos included are Binance (BNB), OmiseGO (OMG), Ox (ZRX), Zilliqa (ZIL), Aeternity (AE), Basic Attention Token (BAT), Pundi X (NPXS), Holo (HOT), Augur (REP), Populous (PPT), WaltonChain (WTC), IOST (IOST), aelf (ELF), Bancor (BNT) and Loopring (LRC). These blockchain projects are ranked at least No. 89 (Bancor) on CoinMarketCap, while Binance Coin is the highest-ranked token at No. 14 with $1.26 billion in market capitalization. The firm’s Token Index gives long-term investors the ability to view in real-time and on daily basis at how a composite of credible blockchain projects are performing against Bitcoin (BTC) and Ethereum (ETH). Its purpose is to inform investor decisions. Since July the index has outperformed Ethereum and underperformed Bitcoin. And over the past 12 months (since October 2017), the index of ERC-20 tokens has grown 17 percent. During the same period, Ethereum has dropped 17 percent while Bitcoin has increased by 59 percent. “We saw a need to provide a meaningful measure of token performance to help inform investor decisions and make the market more comprehensible for everyday people,” said CEO Gregory Brogger in Oct. 25 statement. Not all tokens are treated equally. The index is calculated using a market cap-weighted methodology that uses factors such as circulating supply, market cap, trading volume, trading history and token price to reflect the maturity of the market. The current weighting consists of 31.93% Binance Coin, 12.55% OmiseGO, 10.24% Ox, and 7.33% Zilliqa as four largest ERC-20 tokens that constitute the SharesPost Token Index. Binance Coin (BNB) is the digital coin of the world’s largest cryptocurrency exchange, Binance, in terms of trading volume. At $9.80 it’s down 60% from its all-time high of $24.50 in January. The second-largest project by market cap, OmiseGO, provides decentralized financial solutions across borders. Observers say that blockchain tech is unlocking the potential of the financial sector. “Blockchain technology has completely redefined the idea of a traditional transaction,” Marshall Hayner, CEO of Metal, told Crypto Briefing. “Financial banking, credit card systems, and investment portfolios are all so integral to our society, but completely intimidating to the average consumer .... Blockchain as a framework, which does not warrant a third-party, has unlocked potential for an entirely new type of banking, and in turn, has the ability to strengthen us as a society.” At $6,480 Bitcoin is down 68% this year from its all-time high of nearly $20,000 in January. At $204 Ethereum is down 85% from its all-time high of nearly $1,400 in January. The $209 billion cryptocurrency market is down 75% from its all-time high of nearly $830 billion in market capitalization. The author holds Bitcoin which is mentioned in this article. The post SharesPost Launches ERC-20 Token Index appeared first on Crypto Briefing.

3 months ago

Daily Cryptocurrency News - 19th October 2018

Welcome to our Daily News article. Here are the most important news of October 19th: Omise Receives Support from Capital Firm for its Blockchain PayPal Alternative The Japanese venture capital firm Global Brains announced a new significant investment. The capital firm invested on Omise Holdings; this also includes investors 31VENTURES and SMDV. Furthermore, the investment aims towards financing Omise’s expansion plans in Japan. It is also intended to support the development of Omise’s financial infrastructure. An infrastructure that has a PayPal-like service and an Ethereum-powered decentralized exchange. Moreover, the firm said that there is a need to develop an infrastructure for border-less payments. This infrastructure with innovative tools will be OmiseGo’s priority as it expands globally. According to OmiseGo, global expansion is a key growth driver for businesses around the world. They said that current financial transactions on platforms are built on infrastructures that are not geared to support global commerce needs. They also noted that as global commerce grows, conducting payments anywhere becomes a necessity. Omise will seek adoption in Southeast Asia as part of their strategy, starting with Japan. The company will leverage on it OMG Network, eWallet Suite, and OMG DEX financial tools. This will enable local businesses and users to conduct daily finance operations from the comfort of their mobile phones. It will be interesting to see the progress that will come from this investment. Monero Launches the Revolutionary Bulletproof Update Source: CoinBureau Monero, the cryptocurrency network with a focus on privacy and efficiency has launched their new update. Monero’s latest network upgrade is a significant protocol change. Besides bug fixes and reduced transaction sizes, the most important new features are the bulletproof and the updated PoW algorithm. The scheduled protocol upgraded went successfully and Monero compatible Bulletproofs are thus live on mainnet! 🎉 — Monero || #xmr (@monero) October 18, 2018 Bulletproofs will increase the level of security to the platform. They can reduce transaction size up to an 80%, (which translates to 80% reduction of fees.) Also, the speed required to verify a bulletproof is lower than the traditional range proofs. According to Monero, now a fee for a normal Monero transaction is about $0.005 to $0.01. The developers said that users must upgrade their wallets and nodes as using the old version can cause to lose transactions. With a new implementation in the world of Monero, the platform will undoubtedly rise in popularity. Even though Monero hasn’t gone through the good news this year, this update puts a big step on Monero becoming incredibly popular. Better privacy, efficiency, and ease of use with the update will be very significant for the users. At the time of writing, Monero is $103 and has the potential to rise due to this big update. ICON (ICX) Reveals Relationship With South Korean Government Source: CryptoSlate In a recent post, the Head of Research at Deblock and the VC and accelerator partner at ICON, Markus announced a close relationship with the South Korean Government. Moreover, he emphasized how vital is government decision in the cryptocurrency industry. According to him, this is the primary reason that the country hosts some of the most successful cryptocurrency exchanges in the world. About ICON ICthe ON is the top platform in South Korea when it comes to serving corporations using blockchain technology. According to a Medium post, the business partnerships with Line, Samsung, SK Planet, and Smiligate. All of them being very predominant in their respective industries. The platform has been partnering with many core government initiatives, such as: Educational services Healthcare services Customer services Insurance services Moreover, this July, the South Korean Government chose ICONLOOP to support the election development. According to sources, ICONLOOP took the position as blockchain technology consultant for ‘Building the Next Generation Election System based on Intelligence Information Technology’, launched by the Korea National Information Society Agency and supervised by Korea National Election Commission (NEC). However, things have not been fortunate for ICON. ICX, their native token has dropped way down the market cap chart and is currently ranked at 32th with $271 million. Its current price is USD 0.69 which is its lowest level for a year, and this means about 94% down from its all-time highest of over $12. It is interesting the point by Markus, and the relationship of ICON with South Korea could indeed make the native token price skyrocket. The token has a higher potential now with the new connections. Binance is Looking to Add New Stablecoins Binance, the world’s largest crypto exchange is looking to list new stablecoins to the platform. Besides the three stablecoins already added (which include USDT) Binance wants to keep

3 months ago

OmiseGO Continues to Work on Plasma, Shares Update on Progress

OmiseGO, one of the most exciting projects being built on top of Ethereum, is also one of the most... The post OmiseGO Continues to Work on Plasma, Shares Update on Progress appeared first on Invest In Blockchain.

3 months ago

‘OMG Hacked!’ Twitter Blocks Elon Musk After Bitcoin Tweet

Elon Musk suffered a temporary ban of his Twitter account after advising people to buy Bitcoin, he revealed October 22. Musk: Twitter ‘Thought I Got Hacked’ In a move which focused attention on the social media platform’s controversial cryptocurrency policy, Twitter cut off access to Musk’s account after he sent a tweet as part of a debate on a separate topic. “Twitter thought I got hacked & locked my account,” he subsequently confirmed. Twitter thought I got hacked & locked my account haha — Elon Musk (@elonmusk) October 23, 2018 Cryptocurrency figures were quick to react, UK-based entrepreneur and investor Alistair Milne suggesting the tweet’s inclusion of the term ‘Bitcoin’ had unfairly led to the block, which would not have happened with posts containing certain other terms. “Tweet about Bitcoin = OMG, hacked, lock his account!!” he summarized. Twitter’s Bitcoin Fails Musk frequently mentions cryptocurrency and interacts with its online community via Twitter, in September publicly reaching out to Dogecoin creator Jackson Palmer for help fighting the platform’s now infamous scam bots. The botnet phenomenon served to increase criticism of Twitter which already abounded due to an unpopular ban on cryptocurrency advertising which began earlier this year. Despite claiming it wished to avoid subjecting users to scams by using a ban, executives later came under fire for failing to address the bots, which continue to advertise fraudulent competitions and free money while impersonating well-known cryptocurrency figures and businesses. The backlash has also taken the form of a mass migration to open source alternative Mastodon, Bitcoinist reported. Twitter meanwhile remains the only one of the ‘big three’ internet players which instigated crypto ad bans not to have reversed its decision to any extent. Both Facebook and Google, having drawn similar ire, later revealed they would relax their restrictions. At the same time, Twitter CEO Jack Dorsey, who also leads pro-Bitcoin payment gateway Square, has adopted a highly-bullish outlook on Bitcoin’s future, suggesting it could become the world’s “single currency” by 2028. What do you think about Elon Musk’s Bitcoin tweet? Let us know in the comments below! Images courtesy of Shutterstock, Twitter The post ‘OMG Hacked!’ Twitter Blocks Elon Musk After Bitcoin Tweet appeared first on Bitcoinist.com.

3 months ago

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

CryptoNinjas Japanese venture capital firm Global Brain (GB) has announced it has made an investment in Omise Holdings Pte Ltd (Omise), the Asia based financial technology provider through its GB-VI Growth Fund Investment Limited Partnership (GB-VI) and 31 VENTURES... Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

3 months ago

OmiseGO Secures Funding Led by Japanese VC Firm Global Brain

One of Thailand’s most well-known blockchain startups, OmiseGO, has secured funding, led by an undisclosed amount from Global Brain,... The post OmiseGO Secures Funding Led by Japanese VC Firm Global Brain appeared first on Invest In Blockchain.

3 months ago

Why Are Altcoins No Longer Getting Good News Boosts

Last year news of a new partnership however small, or new software or wallet upgrades, or a hard fork, airdrop, the possibility of an exchange listing, or even a shill from a crypto pundit, would have a major effect on the price of a cryptocurrency. Daily pumps of altcoins were commonplace and the ecosystem was an exciting one to be in. 2018 however seems to have been the complete opposite with bears smashing the markets despite positive news coming from several directions. This week has been a prime example with a number of altcoins getting some good news but seeing no positive effects on prices. Those that do get a pump usually get dumped the following day or sooner anyway, the momentum is just not lasting. The Coinbase announcement of 0x listing should have sent ZRX to the moon as it did with previous cryptos. This did not happen and the news was marred with accusations of insider trading and criticism of the 0x protocol. The token did pump to over a dollar on Wednesday but has since lost over 17% and still looks very bearish. 0x is down over 52% in the past six months despite the developments. Then there is Tron which gets daily fomo inducing pumps from founder Justin Sun and the rest of the team. Most of these ‘partnership’ teasers are insignificant but the latest one regarding collaboration with Baidu should have had a bigger impact. Granted, there was no actual partnership but the fact that China’s largest internet company will be working with the Tron Foundation should have had some effect on TRX prices. It didn’t as TRX spiked a little on Monday but has lost almost 7% since then and is down over 70% in the past six months. Next up is Omise which received a large investment from a Japanese venture capitalist firm this week in order to target enterprise adoption in Southeast Asia as a part of its strategy. Last year this would have sent OMG skyrocketing but this week it hardly moved. There was a tiny 5% movement after the announcement this week but again the altcoin has fallen back from its weekly high and is a whopping 82% down on its prices six months ago. Qtum has faced similar disappointment. News this week that it would be partnering up with Amazon Web Services in China should have made a positive impact on token price. After a little spurt to over $4 QTUM as slid back 3.5% as the bears keep selling. Over the past six months Qtum has also lost over 80%. ICON is similar; having made major inroads with the South Korean government its token price is still on the floor. ICX is currently down 4% from its weekly high and has been smashed 85% in the past six months. The list goes on with Stellar, Monero, Neo, Ethereum Classic, Tezos, Maker, and BAT all getting good news and positive developments over the past couple of months but not seeing any beneficial price action. It seems that all those that have been burnt during the first half of the year are out of the market and are too afraid to get back in. Cryptocurrency levels now are back to mid-2017 prices and it will take a lot more than positive news to see them surging again. The post Why Are Altcoins No Longer Getting Good News Boosts appeared first on Ethereum World News.

3 months ago


News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme
1