Qtum QTUM

$3.77
Market Cap $ 335.891 MM (#27)
24h Volume $ 99.348 MM
Chg. 24h: -1.50%
Algo. score 4.4/5  (#11)
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Podcast Transcript: DDEX Co-Founder Bowen Wang

Checkout our Latest Podcast with DDEX Co-founder Bowen Wang We are delighted to bring you our latest podcast with Bowen Wang, founder and COO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x Protocol each month and ranks 13% of trades amongst decentralized exchanges, 2nd after IDEX. In this episode, Bowen and I discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowen‘s advice on approaching Chinese regulators for blockchain projects, and insights on hiring developers and community members out of China. New DDEX Wallet: Bringing Decentralized Trading To Mobile Basic DDEX trading: DDEX Trading — Getting Started Joyce Yang I’m your host Joyce Yang and our guest today is Bowen Wang, co-founder and CEO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x protocol each month. In this episode, we discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowens advice on approaching Chinese regulators for Blockchain projects and insights on hiring developers and community members out of China. Bowen Wang Hello, this is Bowen Wang from DDEX. I’m the co-founder and CEO of DDEX. I graduated from NYU 2 years ago and before starting the company, I used to work at Zhenfund, which is Sequoia’s early venture firm investing in early stage companies. And back while I was in Zhenfund, I was specifically looking into the Blockchain company and also Blockchain related app company. So I was the first one who actually invested in ImToken and also Lino and also many of the other projects in the Blockchain space. And then we started a friends and family fund by ourselves, and then we discovered that few people hold their tokens long term. They have to have a marketplace to buy and sell. And so over the course of a weekend, we had 3 co-founders come together just trying to build a decentralized exchange in Starbucks. And then we figured out that it’s actually something that’s workable and then we quit our job and put our full hands on it. So then we got the investment from Initialized Capital and also Zhenfund for seed round funding, and we launched it in January 2018. And since then we have been up and running for more than 10 months already and also we have like have aggregating volumes for more than 400 million dollars. Joyce Yang Wow! That’s great. And just to give our listeners a quick understanding, you’re based in China right now with your team. And how big is your team? Bowen Wang So right now we’re based in Beijing. And the Beijing team has more than 25 members. Joyce Yang Wow! That’s quite big. And you grew that from 3 people since raising funding last year essentially. Bowen Wang Yeah, since 12 months ago. Even before like 6 months ago we only had like 8 people. Joyce Yang Yeah, that’s great. Just at a high level, how’s the crypto market in China right now? You kind of see a lot of what’s going on the East as well as in the West, and you are based in Beijing where you know a lot of the government officials and regulations are actually made. If you could give an idea what’s going on and the crypto regulations product, also the Blockchain development front. Bowen Wang Let’s talk about like the government policy. For now, the one top priority for the government is to stop the Fiat entrance for crypto market, which means that you cannot buy Bitcoin or Ethereum from any kind of central exchange just like people in the U.S. use Coinbase. And the reason why is that they want to stop like capital outflow or money laundering activities from a macro perspective, but from a development perspective, there have been really a growing number of developers coming to Ethereum and learning about solidity and there’s many. So like on Coin market cap of the top 100 Tokens, like 30 percent of them are coming from China. So there’s many other new layer-one blockchain teams that are trying to kind of revolutionized EOS or ETH from different architecture like DAG or DPOS. And there are also different like layer 2 protocol, which actually wants to do a scalability solution on Ethereum. And also there are many of the D-Apps coming up like Cryptokitties is in China and also like the U.S. developer community are really huge in Asia and people are developing U.S. wallet US D-App, US gambling game. And also kind of 30 percent of the U.S. Block producers are located in China. And as you all know, Bitmain is in Beijing, most of the majority of the mining pools are located in China and also there’s a huge line of like a manufacturing mining in the middle of nowhere like southeast China and Northeast China in the markets. Joyce Yang So you’re saying that the Blockchain community is very strong from what you’re seeing in China. Bowen Wang I always say it’s substantial, and also Bitmain is looking into IPO in Hong Kong markets either by the end of this year or at the b

10 hours ago

How to Buy Cardano (ADA) In Europe - A Case Study About The Best Places to Buy Cardano in EU

Due to our past post about Cardano Price Predictions, we have a few people messaging us and asking us to help them buy Cardano in Europe. We understand that this might be the main concern of many interested buyers. There are a lot of people that aren’t buying Cardano from a safe exchange and they get scammed by people that steal all of their funds or get a much lower quantity of ADA than they should. The main purpose of this article is to educate the beginners and help them choose a respectable exchange to buy ADA. Ways to buy Cardano (ADA) in Europe There are many ways from which you can buy Cardano in Europe. We will create a list with all the best options here and analyze the potential outcome of every scenario. Case #1 - Buying Cardano (ADA) from a friend - This is a great way for a beginner to get started. To get help from a more experienced friend. But, not all of us have that friend and also if you always count on others you won’t be able to do it alone. We don’t recommend this method for beginners as its important to learn the best practices by applying those - not to count on someone else to do it for you. Case #2 - Buying Cardano (ADA) from a Cryptocurrency Exchange - This is actually a great way to get started. Buying Cardano from a cryptocurrency exchange will teach you the basics. You will learn how to create an account on a cryptocurrency exchange, how to fill out a KYC and how to create a market order to purchase ADA. We will talk more about this soon. Case #3 - Buying Cardano (ADA) from a Cryptocurrency buying website - Not the best way to start with ADA. These types of websites purchase ADA from exchanges and sell it to you. They’re basically brokers that are gaining a fee that you pay. We will talk more about the disadvantages of purchasing ADA from a service soon. Case #4 - Buying a cryptocurrency and exchanging it for Cardano (ADA)/ Already having a cryptocurrency and exchanging it for Cardano - Again, this is not a perfect scenario as you will lose a certain % of your investment from the exchange fees. Though, we need to keep this into consideration and analyze this too. If you however have a cryptocurrency and want to exchange it for Cardano - we’ll show you how soon. Buying Cardano(ADA) from a cryptocurrency exchange or a cryptocurrency buying website - What you should know & which cryptocurrency exchange you should use Firstly, every cryptocurrency exchange have a certain fee. Some of them have low ones that are under 1% and some of them pass the 2%. Its important to know this as you may ask why your portfolio lost 1% just after you bought the tokens even if the price stayed the same. And this is the answer. There are some exchanges that also have withdrawal fees - in case you want to keep your ADA in a more secure place such as a Trezor Wallet - which recently accepts Cardano (ADA) on its T Model. There are two well-known places in Europe that you can purchase ADA from: Coinmama Coinmama is one of the service website that lets you purchase cryptocurrency from it. It is not a cryptocurrency exchange, as you cannot sell cryptocurrencies using it - only buy. Formed in 2013 and active until 2018 - Coinmama operated in 188 countries worldwide and is also available in 24 US States. Coinmama offer investors a simple way to purchase: Bitcoin, Ethereum, Litecoin, Cardano, QTUM, Ethereum Classic, Bitcoin Cash and Ripple. To be able to purchase from Coinmama, you also need to verify your account by submitting a passport, national ID card or driver’s license card to its platform. This process usually takes less than one hour, in some times even less than 15 minutes - depending on how fast can you complete the steps. Coinmama Fees But Coinmama also have a big issue from an investor’s point of view - The Coinmama fees. The fees are way too high. To purchase from Coinmama with a credit card, you will be charged with a 5.00% processing fee. Also, they have a trading fee for 5.9%. This means that if you want to purchase 1,000 Euro worth of Cardano (ADA) from Coinmama, you will need a total of 1,105 Euro, plus another fee from your bank to exchange your currency to Euro- if you don’t already have it. This means that only by purchasing Cardano (ADA) from Coinmama, you will already be at a ~11% loss. If you will purchase exactly 1,000 Euroworth of Cardano (ADA) - you will receive 14,194.31 ADA which at the current market price have a value of 946.76 Euro. And here the processing fee its ignored. If we add that, we reach a 890 Euro value of ADA. The good part of it is that they don’t have a withdrawal fee - as Coinmama will send you the Cardano (ADA) directly to your wallet address. So, should you buy from Coinmama? We don’t believe so. There could be some places where you could get a better value and not lose ~11% of your hard earned money. Kraken Cryptocurrency Exchange Kraken Cryptocurrency Exchange is one of the most-known and oldest bitcoin exchange. As the time passed, Kraken added variou

2 days ago

Li Xiaolai Exits the Cryptocurrency Community

This is a piece that I thought was highly relevant and an ongoing feud between INBlockchain partner Li Xiaolai and Didi founder Chen Weixing. This is a selective curation from an article originally posted on Blockzone.com Li Xiaolai, the “richest man in the cryptocurrency”, has left the community, leaving chaos in his wake. A Storm of Public Speculation In the early morning of September 30, Li Xiaolai posted a message on Weibo, stating that he “will not personally make any investments in projects (whether it is about blockchain or not),” and that he is “still optimistic about blockchain technology in the long run.” “From now on, Li Xiaolai will not personally make any investments in projects (whether it is about blockchain or not, or whether it is an early investment or not). Therefore, if you see Li Xiaolai claimed as the investor in the future (as has previously been claimed for a long time, falsely for almost 99% of the projects), please do not pay any attention to it. I am going to take a few years to seriously change careers. As for what to do next, I have not thought it through yet. However, I am still optimistic about blockchain technology in the long run.” This post generated a storm of public speculation. People from all walks of life guessed about Li Xiaolai’s motivation for leaving the cryptocurrency community. Is he like a rat escaping from a sinking ship? Does he feel the blockchain markets will continue the downward trend? Is regulation tightening? Is Li Xiaolai protecting himself? Is he wealthy enough already? Does he just want to do what’s right for the people? Does he want to slow down his pace after being part of the bustling crypto scene? Does he want to manipulate things behind the scenes? Li Xiaolai did not offer any further reply. Li Xiaolai’s opponent, Chen Weixing, asked five questions on his personal Weibo. He listed Li Xiaolai’s previous projects that have not yet been paid off and asked seriously “whether a ‘public’ figure who has collected a huge amount of money from others can exit the cryptocurrency community, taking their money with him.” Some media workers have sharp eyes. Someone has said that he would like to exit from the currency community. I really admire his courage. But I have a few questions: 1. He raised funds for more than 20 token-issuance projects, and he is the actual controller of some of the projects. The funds of most of the projects are stored in his accounts. I don’t know how he will manage the funds after changing his profession. 2. INBlockchain has raised 300 million yuan, and most of the funds are claimed to have been invested in various token-issuance projects. What about the post-investment after he changes his profession? 3. For the Xiong’an Fund, 30 million yuan was provided by the government. Some of the funds are invested in the token-issuance projects supported by Li Xiaolai. Although he is no longer a partner, they are still the main shareholders. I do not know what will be done for the post-investment management. 4. With Alipay, he established “Fengli Funds” by collecting funds from supporters and illegally raised more than 400 million yuan at an interest rate of 8%. Most of the money was also invested in blockchain, so how will withdrawal of these funds be handled in the future? 5. Before the blockchain token was issued, he had conducted an equity crowdfunding of nearly 100 million yuan through companies such as Make Xinsheng, and all these funds were used for investment. I do not know how this will be explained to investors. I would like to ask whether a “public” figure who has collected a huge amount of money from others can exit the cryptocurrency community, taking their money with him. The hot discussion about Li Xiaolai’s sudden departure from the cryptocurrency circle confirmed an obvious fact: Li Xiaolai has a large influence in the community. The cryptocurrency community is a world of its own and includes fixed retail investors and powerful wealthy leaders. Changing professions and making profits from retail investors is second nature to Li Xiaolai; he will go wherever he wants to go. However, his wealth is not just arbitrage and capital. As many know in the cryptocurrency community, Li Xiaolai has maintained a blurred relationship with many project parties, and media outlets have identified him as a previous supporter of several pyramid-scheme platforms. As a result, Li Xiaolai’s wealth is not simply a differential of the price obtained from ordinary retail investors. Instead, it is referred to as “illicit money” by the industry. Li Xiaolai is smart enough to take a step back and look for long-term benefits. In the cryptocurrency circle, the ability to profit is closely related to the bull-bear cycle. As the regulatory policies became more strict coinciding with the bear market, Li Xiaolai denied his behavior and published books to bolster his reputation. Trapped in Negative News Li Xiaolai has said that the first half of his life

3 days ago

Podcast Transcript: DDEX Co-Founder Bowen Wang on building on 0x from China, approaching Beijing regulators and hiring developers and community members in China

Checkout our Latest Podcast with DDEX Co-founder Bowen Wang We are delighted to bring you our latest podcast with Bowen Wang, founder and COO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x Protocol each month and ranks 13% of trades amongst decentralized exchanges, 2nd after IDEX. In this episode, Bowen and I discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowen‘s advice on approaching Chinese regulators for blockchain projects, and insights on hiring developers and community members out of China. New DDEX Wallet: Bringing Decentralized Trading To Mobile Basic DDEX trading: DDEX Trading — Getting Started Joyce Yang I’m your host Joyce Yang and our guest today is Bowen Wang, co-founder and CEO of DDEX, a decentralized exchange based out of Beijing. DDEX now accounts for about 75% of the total volume of trades over the 0x protocol each month. In this episode, we discuss how DDEX operates out of Beijing, how DDEX discovered 0x, Bowens advice on approaching Chinese regulators for Blockchain projects and insights on hiring developers and community members out of China. Bowen Wang Hello, this is Bowen Wang from DDEX. I’m the co-founder and CEO of DDEX. I graduated from NYU 2 years ago and before starting the company, I used to work at Zhenfund, which is Sequoia’s early venture firm investing in early stage companies. And back while I was in Zhenfund, I was specifically looking into the Blockchain company and also Blockchain related app company. So I was the first one who actually invested in ImToken and also Lino and also many of the other projects in the Blockchain space. And then we started a friends and family fund by ourselves, and then we discovered that few people hold their tokens long term. They have to have a marketplace to buy and sell. And so over the course of a weekend, we had 3 co-founders come together just trying to build a decentralized exchange in Starbucks. And then we figured out that it’s actually something that’s workable and then we quit our job and put our full hands on it. So then we got the investment from Initialized Capital and also Zhenfund for seed round funding, and we launched it in January 2018. And since then we have been up and running for more than 10 months already and also we have like have aggregating volumes for more than 400 million dollars. Joyce Yang Wow! That’s great. And just to give our listeners a quick understanding, you’re based in China right now with your team. And how big is your team? Bowen Wang So right now we’re based in Beijing. And the Beijing team has more than 25 members. Joyce Yang Wow! That’s quite big. And you grew that from 3 people since raising funding last year essentially. Bowen Wang Yeah, since 12 months ago. Even before like 6 months ago we only had like 8 people. Joyce Yang Yeah, that’s great. Just at a high level, how’s the crypto market in China right now? You kind of see a lot of what’s going on the East as well as in the West, and you are based in Beijing where you know a lot of the government officials and regulations are actually made. If you could give an idea what’s going on and the crypto regulations product, also the Blockchain development front. Bowen Wang Let’s talk about like the government policy. For now, the one top priority for the government is to stop the Fiat entrance for crypto market, which means that you cannot buy Bitcoin or Ethereum from any kind of central exchange just like people in the U.S. use Coinbase. And the reason why is that they want to stop like capital outflow or money laundering activities from a macro perspective, but from a development perspective, there have been really a growing number of developers coming to Ethereum and learning about solidity and there’s many. So like on Coin market cap of the top 100 Tokens, like 30 percent of them are coming from China. So there’s many other new layer-one blockchain teams that are trying to kind of revolutionized EOS or ETH from different architecture like DAG or DPOS. And there are also different like layer 2 protocol, which actually wants to do a scalability solution on Ethereum. And also there are many of the D-Apps coming up like Cryptokitties is in China and also like the U.S. developer community are really huge in Asia and people are developing U.S. wallet US D-App, US gambling game. And also kind of 30 percent of the U.S. Block producers are located in China. And as you all know, Bitmain is in Beijing, most of the majority of the mining pools are located in China and also there’s a huge line of like a manufacturing mining in the middle of nowhere like southeast China and Northeast China in the markets. Joyce Yang So you’re saying that the Blockchain community is very strong from what you’re seeing in China. Bowen Wang I always say it’s substantial, and also Bitmain is looking into IPO in Hong Kong markets either by the end of this year or at the b

3 days ago

7 Most Popular Articles - Second Half of October

7. During the month of October, Korean Won trading volumes account for almost 50% of total market share. http://bit.ly/2yI9LLl 6. OKCoin office in Beijing vandalized amid accusations of fraud: http://bit.ly/2RpMJjB 5. BUIDLing Binance Labs Incubation Program Season 1 Mid-Review. http://bit.ly/2zq0mYv 4. HTC is releasing its first blockchain-enabled phone and it must be purchased with cryptocurrency. http://bit.ly/2JccaSB 3. Binance coin can now be used to buy real estate through the platform Propy: http://bit.ly/2A9b0V7 2. The first ever gaming DApp to be released on Tron blockchain has reportedly to be a massive hit, reportedly marking up over 10,000 plays on its first day: http://bit.ly/2yrnS7X 1. Amazon Web Services China division is partnering with public blockchain project Qtum to develop a Blockchain as a service solution for enterprises. http://bit.ly/2yk189K If you find these stories interesting, we urge you to subscribe today.

3 days ago

Where to Put Your Money in a Bear Crypto Market?

With Bitcoin down 68% and a number of top cryptocurrencies having lost over 90% of their value from their all-time high (ATH), where exactly one should invest their money in a bearish crypto market. Crypto Winter: Bear market of 2018 Cryptocurrencies have lost more than 50 percent of their value since they reached their peaks in early January. Bitcoin (BTC) is currently down over 68 percent from its all-time high (ATH) in mid-December at approximately $19,500. Ethereum (ETH) and XRP, the top cryptos are more than 85 percent down from their high in mid-January at about $1,400 and $3.85 respectively. Bitcoin Cash (BCH), Cardano (ADA), IOTA (MIOTA), Dash, Tron (TRX), Lisk (LSK), NEO, Verge (XVG), and QTUM have lost more than 90 percent of their peak values. Tether (USDT), the stable coin which is pegged by a dollar is also below $1 at $0.998, down over 17% from January peak at $1.21. The volatility has dropped to the lowest this year which is not at all encouraging for the investors to sink their feet into crypto waters. Moreover, the daily trading volume in the market has also taken a hit and registering low numbers. Investing in a Bear Market Nonetheless, New Wave Capital, a fully registered investment adviser co-founded by Albert Cheng and Stewart Hauser that was launched in July says the customers are still very much interested as many customers have invested more money into crypto. CEO Eric Campbell shares, “The kind of customers who would sign up during a downturn have more of a long-term approach to investing.” According to the firm, crypto investment is not for only accredited investors, but for regular people as well i.e. with an annual income range of $200,000 to $1 million net worth. With a minimum investment of $100, New Wave invests its customers’ funds across 15 cryptocurrencies viz. Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Stellar Lumens (XLM), Litecoin LTC), Ethereum Classic (ETC), Zcash (ZEC), OmiseGo (OMG), Golem (GNT), TenX (PAY), Numeraire (NMR), Civic (CVC), Basic Attention Token BAT), and 0x (ZRX). The options are rebalanced quarterly with the weighting based on an algorithm and a risk survey. As usually happens, in a bear market, bitcoin becomes the most favored cryptocurrency. However, Campbell is most bullish on the cryptocurrencies with a smaller market cap. “The smaller-cap altcoins have the largest potential, we think. In a bear market, everyone moves away from altcoins and they go back to what has been traditionally more resilient, which is bitcoin. They think it’s a safer asset. But when we come back to another bull market in the future, we think people will go back to altcoins.” The post Where to Put Your Money in a Bear Crypto Market? appeared first on Coingape.

4 days ago

A fully functioning space-based Qtum node 🛰 has taken orbit....

A fully functioning space-based Qtum node 🛰 has taken orbit. https://t.co/x3Hsx5NGO1

4 days ago

How to Buy Cardano (ADA) From Europe - A Case Study About The Best Places to Buy Cardano in EU

Due to our past post about Cardano Price Predictions, we have a few people messaging us and asking us to help them buy Cardano in Europe. We understand that this might be the main concern of many interested buyers. There are a lot of people that aren’t buying Cardano from a safe exchange and they get scammed by people that steal all of their funds or get a much lower quantity of ADA than they should. The main purpose of this article is to educate the beginners and help them choose a respectable exchange to buy ADA. Ways to buy Cardano (ADA) in Europe There are many ways from which you can buy Cardano in Europe. We will create a list with all the best options here and analyze the potential outcome of every scenario. Case #1 - Buying Cardano (ADA) from a friend - This is a great way for a beginner to get started. To get help from a more experienced friend. But, not all of us have that friend and also if you always count on others you won’t be able to do it alone. We don’t recommend this method for beginners as its important to learn the best practices by applying those - not to count on someone else to do it for you. Case #2 - Buying Cardano (ADA) from a Cryptocurrency Exchange - This is actually a great way to get started. Buying Cardano from a cryptocurrency exchange will teach you the basics. You will learn how to create an account on a cryptocurrency exchange, how to fill out a KYC and how to create a market order to purchase ADA. We will talk more about this soon. Case #3 - Buying Cardano (ADA) from a Cryptocurrency buying website - Not the best way to start with ADA. These types of websites purchase ADA from exchanges and sell it to you. They’re basically brokers that are gaining a fee that you pay. We will talk more about the disadvantages of purchasing ADA from a service soon. Case #4 - Buying a cryptocurrency and exchanging it for Cardano (ADA)/ Already having a cryptocurrency and exchanging it for Cardano - Again, this is not a perfect scenario as you will lose a certain % of your investment from the exchange fees. Though, we need to keep this into consideration and analyze this too. If you however have a cryptocurrency and want to exchange it for Cardano - we’ll show you how soon. Buying Cardano(ADA) from a cryptocurrency exchange or a cryptocurrency buying website - What you should know & which cryptocurrency exchange you should use Firstly, every cryptocurrency exchange have a certain fee. Some of them have low ones that are under 1% and some of them pass the 2%. Its important to know this as you may ask why your portfolio lost 1% just after you bought the tokens even if the price stayed the same. And this is the answer. There are some exchanges that also have withdrawal fees - in case you want to keep your ADA in a more secure place such as a Trezor Wallet - which recently accepts Cardano (ADA) on its T Model. There are two well-known places in Europe that you can purchase ADA from: Coinmama Coinmama is one of the service website that lets you purchase cryptocurrency from it. It is not a cryptocurrency exchange, as you cannot sell cryptocurrencies using it - only buy. Formed in 2013 and active until 2018 - Coinmama operated in 188 countries worldwide and is also available in 24 US States. Coinmama offer investors a simple way to purchase: Bitcoin, Ethereum, Litecoin, Cardano, QTUM, Ethereum Classic, Bitcoin Cash and Ripple. To be able to purchase from Coinmama, you also need to verify your account by submitting a passport, national ID card or driver’s license card to its platform. This process usually takes less than one hour, in some times even less than 15 minutes - depending on how fast can you complete the steps. Coinmama Fees But Coinmama also have a big issue from an investor’s point of view - The Coinmama fees. The fees are way too high. To purchase from Coinmama with a credit card, you will be charged with a 5.00% processing fee. Also, they have a trading fee for 5.9%. This means that if you want to purchase 1,000 Euro worth of Cardano (ADA) from Coinmama, you will need a total of 1,105 Euro, plus another fee from your bank to exchange your currency to Euro- if you don’t already have it. This means that only by purchasing Cardano (ADA) from Coinmama, you will already be at a ~11% loss. If you will purchase exactly 1,000 Euroworth of Cardano (ADA) - you will receive 14,194.31 ADA which at the current market price have a value of 946.76 Euro. And here the processing fee its ignored. If we add that, we reach a 890 Euro value of ADA. The good part of it is that they don’t have a withdrawal fee - as Coinmama will send you the Cardano (ADA) directly to your wallet address. So, should you buy from Coinmama? We don’t believe so. There could be some places where you could get a better value and not lose ~11% of your hard earned money. Kraken Cryptocurrency Exchange Kraken Cryptocurrency Exchange is one of the most-known and oldest bitcoin exchange. As the time passed, Kraken added variou

4 days ago

Qtum Price Remains Above $4 While Other Markets Run out of Steam

As all cryptocurrency markets start to lose some of their initial profits, the focus shifts to those currencies which are still firmly in the green. Most altcoins are losing value against Bitcoin, although there are some notable exceptions. Qtum is still going rather strong at this stage, as it maintains a value of over $4 with relative ease. Qtum Price Momentum Remains Intact It is not abnormal to see all cryptocurrencies lose a bit of their initial momentum. Sustaining an uptrend throughout 2018 has been very difficult for all markets. As such, it is normal to see a brief corrections et in prior to the uptrend being resumed For most altcoins, that means suffering from a loss in the BTC department, which also drives the USD value down a bit in the process. For Qtum, nothing terrible is happening right now. In fact, it is one of the few altcoins in the top 30 to remain in the green in both USD and BTC value at this time. That in itself shows the currency has found some form of stability, although it will be interesting to see how things will move along in this department. On social media, Qtum isn’t necessarily generating a lot of buzz right now. That is not a bad thing by any means, as useless clutter can make investors and speculators more averse of this market. There is a proof-of-stake protocol deployed by Qtum which is well worth checking out, as it has the potential to redefine proof-of-stake as most people know it today. Proof-of-Stake is rising in popularity. Check out Qtum'sProof-of-Stake at a high-level #blockchain #QTUM #technology https://t.co/wQujJVPDF1 — Spacman Holdings (@spacemanllc) November 7, 2018 For those who are merely speculating on the Qtum price, it is evident there is a lot of room for upward momentum moving forward. More specifically, Qtum will need to break through the relatively low resistance level prior to effectively breaking out. Once that happens, a doubling in value is certainly possible, depending on how traders respond. $QTUM requested by @jason_loughnane. One line to rule them all. Should hit a 2x once it breaks though, plenty of clean air until next resistance. Like this one a lot.#QTUM $alts pic.twitter.com/Ll7xOmCBSP — Godfather (@GodfatherCrypto) November 7, 2018 CryptoKazakh, on the other hand, is confident Qtum is looking good right now, regardless of what may happen in the coming hours. Although there is still a lot of positive momentum in place right now, it seems unlikely this altcoin will not go through a correction of its own in the coming days. Markets remain unpredictable first and foremost, though. #qtum is looking good now. — CryptoKazakh (@CryptoKazakh) November 7, 2018 What makes Qtum such an impressive market right now is its very high trading volume. Compared to top markets, $207m might not seem much. When considering Qtum’s market cap is just $366m, that volume suddenly becomes a lot more impressive. It is critical to keep the bigger picture in mind at all times when dealing with cryptocurrencies. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Qtum Price Remains Above $4 While Other Markets Run out of Steam appeared first on NullTX.

5 days ago

Triangular Arbitrage Today: Easy Profits of up to 17%

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

6 days ago

Cryptocurrency Trading Update: Crypto Market Cap Reaches Monthly High

FOMO Moments More midweek momentum pushes markets higher; Bitcoin Cash racing ahead, Zcash, XRP and ETH doing well. Markets are on the move. Yesterday’s momentum has grown during Asian trading on Wednesday morning and total crypto capitalization has made it back over $220 billion for the first time in almost a month. Bitcoin has awoken and has shifted gear, climbing 1.4% on the day to $6,515. The jump came two hours ago when BTC added almost $100 in one movement. Trade volume has increased almost a billion dollars and is now at just under $5 billion on the day. Ethereum is also risen from its torpor and shifted 5.5% on the day to $220. It is the highest level ETH has been at for four weeks. Trade volume is up almost 25% as it races to keep second spot from XRP which is closing up. In the top ten Bitcoin Cash is nailing it with almost 11% on the day taking BCH to almost $620. This upsurge has been predicted due to the upcoming hard fork and associated coin distribution. Solid gains have been seen by XRP adding 6% on the day to $0.536, Stellar close behind with 5.5% taking XLM to $0.262. EOS and Cardano are both up over 4% and Monero is the only non-mover at the moment. Good gains also in the top twenty with Zcash taking the lead on 7% to $130. Neo, Ethereum Classic and Nem are all doing well today gaining over 5% right now. Following Bitcoin Cash the top performing altcoins in the top one hundred right now are Holo, Aurora, Qtum and MOAC, all adding 7-8 percent to their prices today. Nexo and Ravencoin are still dropping though, losing 3-4 percent when all of their siblings are making moves in the opposite direction. Total crypto market capitalization has seen its largest daily gain for three weeks as 3.8% brings it to $220 billion. Over $7 billion has been added over the past 24 hours and over $16 billion over the past seven days. A smooth upswing has started to form on the weekly chart, have the bulls finally awoken? Bitcoin dominance continues to decline, largely at the expense of BCH and XRP, it is currently 51.5%. 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 Trading Update: Crypto Market Cap Reaches Monthly High appeared first on NewsBTC.

6 days ago

China Embraces the Blockchain Revolution

CoinSpeaker China Embraces the Blockchain Revolution In a recent broadcast, China Central Television (CCTV), the dominant state-controlled broadcast company announced in an hour-long broadcast that “the value of blockchain is 10 times that of the internet”, and that blockchain is the next significant global technological revolution, exceeding the importance of the Internet, according to Quartz which analyzed the implications for China and beyond. This groundbreaking newscast included Chinese government officials, as well as Don Tapscott, a well-known Canadian author of the book Blockchain Revolution. China’s position on blockchain may surprise outsiders because the country historically held a very skeptical, if not overtly hostile view of cryptocurrency. In the last year, China banned crypto exchanges and initial coin offerings. They also curtailed crypto mining. Around the same time, Hong Kong’s Securities and Futures Commission issued a warning to investors that tokens issued via ICO may be classified as securities, and that the Commission is “concerned about an increase in the use of ICOs to raise funds in Hong Kong and elsewhere.” However despite proceeding with extreme caution on cryptocurrency, technology experts and cryptocurrency advocates in China were pleased with the country’s pro-blockchain perspective and its potential for the world’s largest country by population, specifically citing the three main points of the televised presentation: “Blockchain is the second era of the Internet” (Don Tapscott, author of “Blockchain Revolution”), “The value of blockchain is 10 times that of the Internet” (Stanford physics professor and founder of Danhua Capital Zhang Shoucheng), and “Blockchain is the machine that produces trust.” Xi Jinping, president of China, spoke in May 2018 about the potential breakthrough technologies that blockchain could produce, including applications in artificial intelligence. “A new generation of technology represented by artificial intelligence, quantum information, mobile communications, internet of things, and blockchain is accelerating breakthrough applications,” Xi said, via a translator. MATRIX AI Network and Other Chinese Companies Leading the Way MATRIX AI Network, a company registered in Hong Kong, is launching an intelligent, open-source, new generation blockchain that aims to solve major challenges currently constraining the development and adoption of blockchain technology. MATRIX leverages the latest artificial intelligence (AI) technology to deliver an easier, safer, faster and more flexible blockchain. “In addition to AI experts, we also gathered experts in distributed computing who understood network architecture, topology, and latency. We wanted the team to bring fresh eyes to how blockchain had developed to date, and innovate from there,” says MATRIX AI Network Chief AI Scientist Steve Deng. The results, to date, have been impressive, with MATRIX AI Network recently confirming that system throughput speeds exceed 50,000 transactions per second (TPS). In addition to faster and more efficient transaction processing, MATRIX differentiates itself from previous blockchains by offering breakthrough technologies in building AI-enabled autonomous and self-optimizing blockchain networks, featuring multi-chain collaboration and decoupling of data and control blocks. With the successful completion and release of its Testnet in October 2018, the MATRIX Main Network is scheduled to go online on December 30, 2018. China appears to be lending support to other domestic companies with promising blockchain technology including NEO, a blockchain platform and cryptocurrency designed to build a scalable network of decentralized applications and QTUM, a blockchain technology that bridges Ethereum’s smart contracts on top of Bitcoin’s stable blockchain while using proof of stake for verification. Implications for China The discussions and presentations made it clear that China is angling to become an epicenter of innovation. Beijing, Shanghai, Shenzhen, Hangzhou, Guangzhou and Hong Kong are all trying to attract blockchain startups and become a laboratory for FinTech innovation. However, critics are concerned that blockchain technology will still be unable to be used in China for cryptocurrency applications. Critics state that prohibiting and/or regulating the use of cryptocurrencies in China, but embracing blockchain, indicates that the foundation of blockchain technology is being misused; meaning that the fundamental idea behind blockchain encourages a free market without government interference, which may diverge from China’s interests. Of interest, media outlets are reporting that the People’s Bank of China governor Yi Gang supports cryptocurrency, which could be a reason for the country’s embrace of blockchain technology. China is ahead the rest of the world when it comes to using digital currency on a daily basis. Even vending machines in China are equipped w

6 days ago

October Volume Report: Weakest Monthly Trading Activity of 2018

On the eve of the 10th anniversary of the initial publication of the Bitcoin whitepaper, the cryptocurrency markets recorded their weakest month for trading volume in all of 2018. Most of the leading markets saw a significant decline in trading activity throughout October, but NEO, TRX, QTUM and ZEC posted month-over-month volume increases. Also Read: Venezuela Begins Public Sale of National Cryptocurrency Petro BTC, USDT, ETH and EOS Hit Lowest Points of the Year In the last 30 days, approximately $109.5 billion worth of BTC has changed hands, resulting in an 11.9 percent decline in trading activity from $124.3 billion in September — the weakest monthly volume posted in 2018 thus far. The drop in BTC trading activity coincided with a similar plunge in USDT trading volume. Despite fears of a widespread USDT “untethering,” as well as the eradication of 30 percent of Tether’s circulating supply, the trading volume of USDT fell by just 12.6 percent, from $86.5 billion in September to $69.5 billion. October saw $41.2 billion in trade for ETH pairings, down 30 percent from the $53.8 billion recorded in the preceding month. EOS, meanwhile, returned to its position as the fourth most-traded cryptocurrency, with a 30-day trade volume of $13.94 billion — down 30 percent from $20 billion in September. XRP and LTC Hit Second-Strongest Levels Since May XRP has held its top-five volume ranking for the second consecutive month, despite seeing a 45 percent reduction in trading activity. October saw $13.6 billion in trade across XRP pairings, down from $24.7 billion in September. BCH was the sixth most-traded cryptocurrency in October, hitting $9.5 billion in trade volume over the past 30 days. BCH saw a 26 percent reduction in trading volume, down from $12.9 billion in the preceding month. LTC ranked as the seventh most-traded cryptocurrency for the third consecutive month. About $9.14 billion of LTC changed hands in October, down 4.8 percent from $9.6 billion in September. DASH posted a 30-day trade volume of 5.16 billion, settling at eighth place for the second consecutive month. Trading of the currency fell 20.6 percent from $6.5 billion in September. NEO Breaks Into Top 10 NEO saw a massive 76.25 percent increase in trade volume in October, to rank ninth for the month. Approximately $4.6 billion worth of the currency has changed hands in the past 30 days, up from $2.61 billion in September. ETC fell one position to rank 10th on the list of the most-traded cryptocurrencies in October. It hit a 30-day trading volume of $4.2 billion for the month, down 17.65 percent from $5.1 billion in September. TRON, QTUM, and ZEC Post Modest Volume Gains TRX hit $3.67 billion in trade volume this past month, up 4.25 percent over the preceding month’s 3.52 billion. TRX was the 11th most-traded cryptocurrency in October, moving up one rank from September. CKUSD posted a 16.5 percent drop in trading volume at $3.4 billion, down from $4.07 billion in September. CKUSD ranked 12th for the month, sliding two positions from the preceding four-week period. Despite recording a slight 2.5 percent increase in 30-day trade volume, QTUM fell two places to 13th on the list of the most-traded cryptocurrencies in October. About $3.73 billion worth of the currency traded hands for the month, up from $3.64 billion in September. Trading of ZEC fell 4.16 percent month over month to $3.5 billion. Despite rising slightly by volume from $3.36 billion in September, the currency slid one place to rank as the 14th most-traded cryptocurrency in October. BIX climbed two places to rank as the 15th most-traded cryptocurrency over the past 30 days. The currency posted a monthly trading volume of $1.42 billion, down nearly 30 percent from $2.02 billion in September. Stellar recorded a monthly volume of $1.33 billion, sliding one position to rank as the 16th most-traded cryptocurrency for October, following three consecutive weeks during which it ranked 15th. Trading of Stellar fell 42.17 percent by volume from $2.3 billion in September. New Entrants in Top 20 The declining trading volume across many leading markets saw several cryptocurrencies sneak into the top 20 rankings for the first time in recent months. ZB, for example, ranked 17th with a 30-day trade volume of $1.16 billion, following by XIN at $988 million. BTM ranked 19th for the second consecutive month, with $920.8 million traded, despite falling 31.3 percent by volume, from $1.34 billion in September. BNB, meanwhile, settled at 20th place in October, with $853.6 million worth of the currency changing hands over the last 30 days. Do you think that the 10th anniversary of the Bitcoin whitepaper will drive greater trading volume across the cryptocurrency markets? Share your thoughts in the comments section below! Images courtesy of Shutterstock At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in t

12 days ago

Standardized Specifications for Enterprise Version of Ethereum Announced

On October 29, 2018, the Enterprise Ethereum Alliance (EEA) announced in Prague at DevCon 4 two new software specifications that will help businesses standardize future code developments on an enterprise version of the Ethereum blockchain.The first specification, Client Specification V2, defines the implementation requirements for Enterprise Ethereum clients, including interfaces to the external-facing components of Enterprise Ethereum and how they are intended to be used. The standardization of performance, permissioning and privacy demands of enterprise deployments are viewed as a necessary step by the EEA in order to help the growing number of vendors developing Ethereum clients to ensure that different clients can communicate with each other and all reliably work on an enterprise Ethereum network. EEA Executive Director Ron Resnick stated that “using the EEA Specification, Ethereum developers can write code that enables interoperability, thus motivating enterprise customers to select EEA specification-based solutions over proprietary offerings”. It should be noted that, while Ethereum has been basis for the majority of enterprise blockchain projects, 2018 has also seen developments using Cardano, EOS, QTUM and TRON, among others. Aside from digital currency, enterprise or platform tokenization remains a hotbed for blockchain-based startups, with the vast majority of those needing an ecosystem where users can change the software they use to interact with a running blockchain, disambiguating the need for single-vendor support.The second specification, Off-Chain Trusted Compute Specification V0.5, specifies enabling APIs that support private transactions, allowing offloads for compute intensive processing and permitting attested oracles. The EEA believes these objectives can be achieved by executing some parts of a blockchain transaction off the main chain in an off-chain trusted compute. The EEA currently endorses three types of trusted compute for this specification including a trusted execution environment, zero knowledge proofs and trusted multi-party compute. Both specifications were lauded by Brian Behlendorf, executive director of Hyperledger, who lent his support to the announcements. The EEA and Hyperledger joined each other’s organizations as associate members on October 1, 2018. Behlendorf stated, “We are pleased to see the EEA reach and release its V2 and Off-Chain Trusted Compute V.05 specifications. Both organizations believe standards, specifications and certification all help with the adoption of enterprise blockchain technologies by helping customers commit to implementations with confidence ...” The new specifications are backed by the EEA’s 500+ global membership, notably including banks like Santander and J.P. Morgan Chase; blockchain startups like blk.io; and traditional tech companies like Accenture, Intel and Microsoft. This article originally appeared on Bitcoin Magazine.

13 days ago

Ethereum Flippening: Can ETC Take Over ETH?

Ethereum Classic (ETC) broke years of downtrend against Ethereum (ETH) during the recent correction. While both cryptocurrencies declined heavily from their all time highs. Ethereum (ETH) showed a lot more weakness compared to Ethereum Classic (ETC) which resulted in Ethereum Classic (ETC) gaining against Ethereum (ETH). In fact, Ethereum Classic (ETC) entered a clear uptrend against its rival, Ethereum (ETH) during the month of May. This uptrend has held so far but recently ETC/ETH has lost its bullish charm. The price of Ethereum Classic (ETC) broke the 10 Week EMA against Ethereum (ETH) and is now on the risk of further decline. However, it is important to note that ETC/ETH has already formed a double bottom. Any downside is going to be short lived unless critical market structures are broken. The first critical level that ETC/ETH needs to defend in order for the uptrend to hold is the 21 Week EMA. If ETC/ETH breaks this critical level, all Flippening bets are off and Ethereum Classic (ETC) investors might have to face serious disappointment. Wave trend analysis for ETC/ETH readily supports a break below the 21 Week EMA. If it was all down to charts, then betting on Ethereum Classic (ETC) taking over Ethereum (ETH) might appear to be a silly bet. Ethereum Classic (ETC) has had an impressive rally against Ethereum (ETH) and appears to have topped out now. If there were no other variables to take into account, then the reasonable thing to do would be to expect Ethereum (ETH) gaining against Ethereum Classic (ETC). Chart for ETH/USD (1W) However, as it happens, there are other more important reasons besides the charts that are not as simple. First of all, Ethereum (ETH) is switching over to PoS (Proof of Stake). This means that most Ethereum (ETH) miners will readily switch over to Ethereum Classic (ETC) after this transition. This is already a positive for Ethereum Classic (ETC) whether Ethereum (ETH)’s PoS (Proof of Stake) arrangement works out or not. If Ethereum (ETH)’s PoS arrangement does not work out, more investors will opt for Ethereum Classic (ETC) instead of Ethereum (ETH). In addition to that, Ethereum Classic (ETC) has a limited supply whereas Ethereum (ETH) does not have a known supply. Therefore, it is likely that institutional investors may choose Ethereum Classic (ETC) over Ethereum (ETH) especially if something goes wrong with Ethereum (ETH). When something is built on weak foundations, it can be expected to fall at any moment. In addition to Ethereum (ETH)’s own problems, it has also made a lot of enemies. Competitors like Tron, Eos and Qtum are not the only interest groups that would like to see Ethereum (ETH) fall. Most Bitcoin (BTC) maximalists who believe that majority of the altcoins are scams have been very anti Ethereum (ETH) recently. Most of these reasons have to do with Ethereum Classic (ETC) benefiting off Ethereum (ETH)’s misery, but there is a lot more to it than just that. Recently, Ethereum Classic (ETC) held a successful ETC Summit in which ETC Dev Members gave a very comprehensive presentation as to Ethereum Classic (ETC)’s roadmap towards IOT (Internet of Things). Chart for ETC/USD (1W) Ethereum (ETH) failed to give anything unique to the market apart from the enormous number of ICOs held on it. Ethereum Classic (ETC) on the other hand has been wise to avoid that path and has come up with its own USP (unique selling point), which is IOT (Internet of Things). Now, ETC Dev members didn’t just up and say, “Oh we don’t have a value proposition, let’s go after IOT”. In fact, the Ethereum Classic (ETC) blockchain is perfectly built for IOT. It has the two basic requirements of any IOT compatible blockchain and those are: decentralization and immutability. Ethereum (ETH) has neither of the two. Blockchain is a big deal, for now but it is not going to be a hot topic for long. Soon or later, people are going to realize that they don’t care if it is Ethereum Classic (ETC) or Ethereum (ETH). All they care about is application and real life use cases. When that happens, people are not going to care about the number of ICOs built on a blockchain. By the way, let’s address that. What does it mean to build an ICO on a blockchain? So, you just used Ethereum (ETH) to raise money and you call it an ICO ‘built’ on Ethereum (ETH)? That’s ridiculous. Ethereum Classic (ETC) being aware of this decided to focus on the things that matter long term. A few years from now when the gold rush is over, people are going to be more interested in what a blockchain actually does! That is when we will see Ethereum Classic (ETC) leading from the front while projects that were only focused on raising money will fade away as their founders go home with all the money they have made. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Ethereum Flippening: Can ETC Take Over ETH? appeared first on Crypto Daily™.

13 days ago

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

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

14 days ago

WBTC - An Effort to Bring Bitcoin to Ethereum

Imagine a digital coin which will have the best features of the top two cryptocurrencies in the world today - Bitcoin and Ethereum. Kyber Network, Republic Protocol and Bitgo are doing precisely that with an announcement of a joint project which will be called Wrapped Bitcoin also known as is WBTC. WBTC will involve the strengths of the two significant cryptocurrencies. It will take a direct backing of the mind-blowing price of Bitcoin and will launch on Etheruem’s Blockchain platform which is known for its dApps and smart contracts. Initial liquidity will be pre minted by Kyber Protocol and Republic Protocol using existing Bitcoin so that users can use Atomic Swaps to exchange BTC to WBTC. BitGo will act as the primary custodian in charge of holding the BTC reserves. BitGo has an official status to operate as a regulated custody for institutional investors thanks to the South Dakota Division of Banking. Zerocrypted Opinion Through WBTC, Bitcoin and Ethereum will both benefit. Bitcoin will extend the use cases, by expanding into decentralized applications. Ethereum will be able to use Bitcoin seamlessly which will help many of the decentralized applications. WBTC is already seen to be an instantaneous hit with decentralized exchanges and financial projects such as MakerDAO, Dharma, Airswap, IDEX, Compound, DDEX, Hydro Protocol, Set Protocol, and Prycto all committing to supporting it. It is not the first time an effort has been taken to bring together Bitcoin and Ethreum. QTUM runs the Ethereum Virtual Machine on the Bitcoin network, and Rootstock is a project working on mirroring Ethereum’s smart contract featuring onto the Bitcoin network. So far both have not been as prosperous, and so it remains a doubt if WBTC will create the much-needed positivity in the cryptocurrency market. Ethereum, in general, has been facing a lot of slack behind its Blockchain for dApps given its scalability issues. Hence Bitcoin being implemented into the Ethereum Blockchain may not be the best of ideas. Image Source - Pexels The post WBTC - An Effort to Bring Bitcoin to Ethereum appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

14 days ago

Blockchain and Serverless: a Marriage Made in Cyberspace

CoinSpeaker Blockchain and Serverless: a Marriage Made in Cyberspace Two emerging software development methodologies are exploding right now and show no signs of slowing. The first is Blockchain. According to the latest Upwork Skills Index (Q2 2018), Blockchain topped the list of in-demand skills for the second quarter in a row with developers charging as much as $120 an hour. The second highest trending new technology on that list is an instance of a new programming architecture called Serverless computing or just Serverless for short. Serverless solution architects are suddenly making $130k - $150k a year. Serverless computing or FaaS as it’s sometimes called stands for “Function as a Service” and is a cloud computing paradigm that abstracts everything away down to a bare language-specific execution environment. With Serverless, the user doesn’t provision or orchestrate servers or have to worry about scaling at all. You just write a function and that function just kind of lives in the cloud abstractly. What’s so interesting about the Blockchain and Serverless computing approaches is they lend themselves to each other beautifully. Blockchain provides guaranteed execution and zero trust financial transactions and Serverless nicely fills the gap for all off-chain constrains. You see, it’s still not feasible or desirable to put large applications on the Blockchain because they are slow and expensive. DApps also need some mechanism to get information about the real world. This has to happen through an off-chain mechanism, typically referred to as an Oracle. These are real engineering tradeoffs that have to be taken into consideration when deciding on-chain and off-chain functionality. What makes the Blockchain and Serverless approaches so complementary though are their similarities. We’ll look at three of them. They both outsource infrastructure. You don’t have a specific physical or virtual machine that hosts or executes your code on a Blockchain or Serverless platform. That is abstracted away. No machine orchestration is required by you. You can exclusively focus on business logic without any concern for a technology “stack”. Another similarity is that they both work on a pay-per-execution cost structure. You don’t pay anything to have your code exist on a Blockchain or on a Serverless platform. You only pay to have your code executed and that relative to the expended resources required to run that execution. Both of these features should make these programming paradigms attractive to any organization. The last similarity these technologies have is that they both have various competing but comparable platform offerings. This is attractive because it, ideally, should mitigate against platform lock-in. On the DApp platform-side you have Ethereum, EOS, Cardano, NEO, QTUM, Stellar, and Hyperledger Fabric, to name a few and on the Serverless side you have AWS Lambda, Microsoft Azure, IBM OpenWhisk, Google Cloud Platform, Kubeless, Spotinist, Fn Project, and Cloudflare Workers as some major players. It should be noted that some new DApp platforms are including off-chain features directly into their development platform in order to address the challenges of scalability but It’s my opinion that that role shouldn’t be leveraged by the smart contract platform. The entire point of the Blockchain approach is enabling zero trust interactions. The best way to preserve that is to control your own off-chain features and use an on-chain product for those features that only a Blockchain architecture can provide. With Blockchain you are able to enter into trustless financial contracts with guaranteed execution and with Serverless you get high-speed high-availability complex compute time. It’s this complement that should be leveraged specifically and individually. This exemplifies the principle of maintaining a separation of concerns. The above mentioned properties are good reasons these two technologies are trending right now and have been for a while. They both complement each other and offer what the other lacks. It may turn out that Blockchain acts as the mechanism that enables untrusted Serverless microservices to interact with each other with trust and enforced predictability and Serverless acts to fill the gap in keeping smart contracts connected to events in the real world. However it plays out, one thing is for sure. It would behoove developers and organizations to explore both of these technologies in depth. Blockchain and Serverless: a Marriage Made in Cyberspace

14 days ago

Renewable Energy Startup Wants to Tackle Nigeria’s Electricity Crisis Using Blockchain Technology

A solar startup company is willing to create affordable solar energy for Nigerians with the use of virtual blockchain tokens. This move by the company will remove the over-dependence of generators in the country. Decentralized Technology Paving the Way for Solar Power A Lagos-based blockchain renewable energy startup, OneWattSolar, has plans to ensure Nigeria and Africa at large, have access to clean energy without paying so much. As reported by CNN the company aims to enable clients to get blockchain tokens with the naira through tech finance organizations. The idea of getting affordable power using decentralized tokens was from Victor Alagbe, vice president of operations and blockchain strategy for OneWattSolar. According to Alagbe, Nigeria’s dry and hot climate could be used to power electricity instead of depending on generators. The company executive further buttressing how the country’s sunny climate could be used for solar energy, said: So why don’t we use this to power our own electricity... many Nigerians cannot really afford to set up their own solar systems. They can’t afford the start-up cost so most people would rather go for generators which is not economical when you think of maintenance costs. Alagbe also said that distributed technology is transparent, as clients can monitor funds, purchase of systems, and usage. Customers can get decentralized tokens with the naira. The blockchain tokens are ERC20 compliant. Furthermore, Alagbe noted that the use of decentralized technology would cost half the price of diesel. Also, the startup plans to introduce solar panels and a compatible internet router that would compile energy used. Customers would be charged every month, through a pay-as-you-go method. With this payment method, users are charged for their exact energy usage. The electricity situation in Nigeria is poor, and the blockchain energy startup is looking to provide affordable electricity to as many as possible. Currently, about 6,400 households are on the company’s waiting list. Also, OneWattSolar plans to expand in the nearest future. In 2025, the startup hopes to access one million households without adequate power supply and provide solar energy through distributed technology. Blockchain Technology and Renewable Energy Renewable energy projects have also adopted blockchain technology. The immutable power of the decentralized technology and its ability to record events real time attracts solar energy startups. Qtum Foundation partnered with China-based clean energy producer, Energo. Furthermore, the blockchain company stated that Energo would make use of its distributed platform for its operations. In Thailand capital, Bangkok, a luxurious neighbourhood engaged the services of a renewable energy trading platform. The platform would enable the residents to trade electricity using blockchain. Spanish infrastructure and renewable energy company, Acciona, became the first energy company to use decentralized technology to certify the origin of renewable energy. Images courtesy of The Green Optimistic and Konbini.com. The post Renewable Energy Startup Wants to Tackle Nigeria’s Electricity Crisis Using Blockchain Technology appeared first on Ethereum World News.

17 days ago

Daily Arbitrage: XLM, EOS, TRX, XMR, LSK, QTUM

Arbitrage opportunities in the world of cryptocurrency have become a lot more apparent as of late. This is primarily because so many traders and speculators see this method as a different way of making money in a bearish market. The following six opportunities can yield surprising results during the day. #6 Lisk (Poloniex / YoBit) If there is one trend becoming rather apparent among altcoin arbitrage, it is how YoBit seems to maintain higher prices than most other cryptocurrency exchanges. In the case of Lisk, buying LSK at Poloniex or Livecoin and selling it on YoBit can result in some interesting profits, depending on overall liquidity for all platforms. #5 Qtum (Poloniex / KuCoin / Kraken) For the second time this week, a pretty interesting Qtum arbitrage trade has become apparent. It is not necessarily the biggest net profit, but still makes for an appealing option. Kraken has a lower Qtum price compared to KuCoin and Poloniex, which makes it relatively easy to flip coins between different exchanges. Small gains during the day can add up to a healthy bonus after a few hours. #4 TRON (HitBTC / OKEx / YoBit) Interestingly enough, there are a ton of different TRX arbitrage opportunities right now, as long as one is willing to sell TRX on YoBIt. HitBTC, OKEx, Bitfinex, Binance, and KuCoin all have a lower TRX value on their order books compared to YoBit, with spreads as high as 3% right now. A golden opportunity for those who jump on it first, although it might not remain in place for very long. #3 EOS (YoBit / Binance / Bitfinex) YoBit seems to maintain some very unusual prices for the top cryptocurrencies, as its EOS price is higher than the one on Bitfinex, Binance, KuCoin, and HitbTC. A small gap for arbitrage trading, although an opportunity which should not be overlooked whatsoever. With all of these gaps, one has to wonder what is going on with YoBit exactly, as this trend has been apparent for several weeks now. #2 XMR (Kraken / HitBTC / Poloniex) For the second time this week, Monero holders and speculators have an XMR arbitrage opportunity at their fingertips. The XMR value on Kraken is well below that on HitBTC and Poloniex. As such, buying on one platform and selling on either of the two others could certainly result in a healthy profit. All three exchanges have no real liquidity concerns either, which makes for an appealing opportunity. #1 XLM (Kraken / HitBTC / CEX) It has been a while since Stellar‘s native asset allowed for an arbitrage trading opportunity. Although the spreads are relatively thin right now, buying XLM on Kraken and selling it on either CEX or HitBTC can yield some profits. It also appears Bitexen, a relatively small exchange, has a slight discrepancy for XLM, albeit that gap is closing rapidly already. The post Daily Arbitrage: XLM, EOS, TRX, XMR, LSK, QTUM appeared first on NullTX.

18 days ago

Arbitrage Today: BTC, Qtum, XMR, ZEC, EOS, TRX

Arbitrage opportunities allow cryptocurrency traders to make some decent money regardless of their asset’s current value. In the case of the altcoins, there are plenty of options waiting to be explored. The following currencies and exchanges are worth keeping an eye on throughout the day, albeit timing will be crucial to making the most of these options. #6 Bitcoin (Koinim / Paribu) Truth be told, very few people will be aware Paribu and Koinim are two active cryptocurrency exchanges. That is not entirely uncommon, primarily because these platforms might not generate too much liquidity. For some unknown reason, both platforms have Bitcoin valued at a very low price, which allows it to be sold on major exchanges - such as Bittrex, Binance, and Bitfinex - for a small profit. #5 Qtum (Kraken / KuCoin / Poloniex) Even though Qtum has noted some very strong momentum over the past week, not all exchanges are trading it at the same value right now. Its value on Kraken is slightly lower than both Poloniex and KuCoin, which allows for a relatively easy arbitrage trade. No big profits should be expected, but this discrepancy might become bigger as the day progresses. #4 TRON (OKEx / Bitfinex / YoBit) It doesn’t happen all that often top 15 cryptocurrencies allow for arbitrage trading between different exchanges. In the case of TRON, or TRX, buying it on OKEx, Bitfinex, or Binance will yield a profit if the coins are sold on YoBit. It is uncanny how often YoBit is involved in arbitrage opportunities these days despite its overall low liquidity. #3 EOS (Poloniex / Binance / YoBit) Once again, users of the YoBit exchange can reap the benefits from buying EOS cheaper at Poloniex, Bitfinex, or Binance in the coming hours. Albeit it remains to be seen if this trend will remain in place for very long, it can be a worthwhile option to explore at this crucial time. #2 Monero (Kraken / HitBTC / Poloniex) On the surface, one wouldn’t necessarily expect Monero to be subject to a lot of arbitrage opportunities in this day and age. Today is shaping up to be an interesting day in this regard, as the price on Kraken is significantly lower compared to both HitBTC and Poloniex. Exploring these options can yield a small profit, depending on how much liquidity can be moved between these different trading platforms. #1 ZCash (HitBTC / Poloniex / YoBit) For those who cannot get enough of YoBit, there is one more arbitrage opportunity worth keeping an eye on throughout the day. It would appear ZCash is trading lower on YoBit compare dot most other exchanges. Buying ZEC on hitBTC, Poloniex, or Bittrex should result in some nice profits. Opportunities are plentiful in this industry today, and the the day has only just begun. The post Arbitrage Today: BTC, Qtum, XMR, ZEC, EOS, TRX appeared first on NullTX.

19 days ago

Cryptocurrency Market Update: Decred Surging on Binance Listing

FOMO Moments Markets still sideways; Binance boosts Decred, Tezos also climbing, Qtum pulling back. More monotony today on crypto markets as there has still been no major movements. Another drop from weekend levels has seen market capitalization fall back below $210 billion as the bears keep things on the floor. Bitcoin has made a tiny decline to take it below $6,500, but only just. BTC is trading at $6,480 right now and a bearish channel seems to be forming so further drops could be on the cards. Ethereum has already fallen back and is a percent down on the day taking it below $205. The rest of the altcoins are mixed today with more red than green on the charts. XRP and Bitcoin Cash are both down over a percent while Stellar and Monero are both up by a similar amount. The rest are static for another day. In the top twenty only Tezos is showing a decent gain, making 6% on the day to trade at $1.42. There are a couple more in the green including Ethereum Classic which has made over 3% today. Dropping back is Zcash and VeChain both losing over 2% on the day. Today’s big pump comes from Decred which has bolted over 20% a couple of hours ago to reach $47. DCR has since retracted a little but is today’s top performer in the top one hundred. A Binance listing has caused the predictable pump for Decred; #Binance Will List #Decred ( $DCR) on 2018/10/24https://t.co/b4EPrXG9cQ pic.twitter.com/SJEtkfeH3D — Binance (@binance) October 23, 2018 DCR trade volume has skyrocketed tenfold from around $600k to over $6 million. South Korea’s Upbit is taking the majority with Bittrex and Huobi not far behind. Also performing well today is Chainlink which is pumping a similar amount. Crypto.com and Polymath are also in double figures at the moment with gains of 14-16 percent. Altcoins losing the most in the top one hundred right now are Qtum and Electroneum both shedding over 6%. Total crypto market capitalization has hardly moved in 24 hours and is still at $209 billion. A spike added a couple of billion a few hours ago but that has already been eaten up by the bears. Markets are pretty much at the same level they were this time last week and the tedium continues. 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: Decred Surging on Binance Listing appeared first on NewsBTC.

21 days ago

The Week: Stablecoin Wars, CME Bitcoin Volumes Up 41%, BitGo Raises $53m and Fidelity

The cryptocurrency markets calmed down after a turbulent week, Bitcoin is down 1% and Ethereum is down by 1.6%. The best performers were Basic Attention Token (55%), Qtum (24%) and recent Coinbase addition 0x (23%). Cryptoassets did not react to the very bullish news around Fidelity and BitGo, CME bitcoin futures volume increased 41% from Q2-Q3 and stablecoin competition remains fierce.

21 days ago

Check out @earlzdotnet's proposal to allow free UTXO creatio...

Check out @earlzdotnet's proposal to allow free UTXO creation in Qtum, which would help dapps operate… https://t.co/xLXUhU3CIt

22 days ago

Qtum (QTUM) Story, Latest Partnership and Currently Outclassing NEM and Maker by Price - Prediction

Following the historical announcement for the 27th largest coin by market capitalization that it has teamed up with Amazon Web Service’s or AWS, QTUM/USD has hopped on the gain train with no stopping station. Read in depths about the event: Qtum (QTUM) Enters “Historic Partnership” With Amazon Web Services, Surges 5% QTUM After a complete month of attempts, hurdles and fails the pair QTUM/USD has climbed above the major $4.20 trading [per time of writing] at $4.28 with 8.12% hoist in the last 24-hours. Source: coinmarketcap If the level holds ground sand it closes successfully above, next target would be $5.10 and then $6.40 which have not been meet since beginning of August. Presently it is being only followed by Maker at 2.06% increase and NEM standing at 5.07% in the positive for the last day of trading against the USD. As many crypto-innovations followed Bitcoin’s birth with the target of improving what already exists and fight current issues - QTUM, developed by the Singapore based Qtum Foundation, was part of the giant wave of coins that hit the digital currency industry. QTUM - deploys the more stable bitcoin chain while providing an app development environment akin to the capabilities Ethereum currently provides. The company is aiming to offer businesses an improved smart contract platform that extends functionality along with a more secure and transparent environment. With the idea of simplifying use cases of smart contracts for businesses and institutional operations, the team behind Qtum took the best out of Bitcoin and Ethereum. Latest - According to the team’s blog post as mentioned above, it has officially partnered with Amazon Web Service’s (AWS) China division in a “ground-breaking” occurrence. Per the announcement, the startup and AWS will be joining hands to expand the hosting service’s blockchain-as-a-service (BaaS) offerings, with a focus obviously being taken on QTUM’s in-house protocols and services. - 27th of September , Kraken - one of the leading exchanges, announced that it has set plans in motion to list QTUM and Cardano (ADA). Both tokens were set to be available from the 28th of September 2018. We are pleased to announce that Kraken will list two new digital assets - Cardano (ADA) and Quantum (QTUM). Trading and funding start time Trading and funding in the two assets will launch simultaneously. The approximate launch time globally is: PST: Friday September 28 at 6:00 am EST: Friday September 28 at 9:00 am UTC: Friday September 28 at 1:00 pm CEST: Friday September 28 at 3:00 pm HKT: Friday September 28 at 9:00 pm The post Qtum (QTUM) Story, Latest Partnership and Currently Outclassing NEM and Maker by Price - Prediction appeared first on Ethereum World News.

22 days ago

Qtum Price Surpasses $4 as Uptrend Remains Firmly Intact

This weekend has proven to be quite successful for altcoin holders and speculators. On Friday, it became apparent Qtum would hit $4 over the weekend. That has now taken place, albeit it remains to be seen what will happen next now that this milestone has been reached. Sustaining such a price level is always a bit challenging, especially over the weekends. Qtum Price Trend Remains Intact It is quite intriguing to note how altcoins appear to be thriving during this particular weekend. Although things will not necessarily remain this way for the remainder of the day, it is certainly possible there might be a bit more upward momentum in the coming hours. For Qtum, the first order of business will be to sustain the $4 level for an extended period of time. Over the past 24 hours, Qtum has successfully sustained this uptrend courtesy of another 2.5% gain in the USD department. The QTUM/BTC ratio has also increased by over 2% in favor of the altcoin, further indicating this momentum can be extended for some time to come. It is also interesting to note how Qtum has a very strong trading volume of over $83m in the past 24 hours. Some traders and speculators claim this is only the first Qtum price target to be hit. For The Charter, the first target was $4.1, a value that was reached just a few hours ago. The second target is $4.78, albeit that seems well out of reach at this time. Even so, if this trend persists, anything can happen over the coming week and a half. First target reached on #QTUM You requested it analyzed it pic.twitter.com/2KZy8wEdZD — The Charter (@TheBTCCharter) October 21, 2018 Ruyzaki, on the other hand, expects a correction for Qtum and other altcoins noting some gains over the past few days. It is possible a retrace will materialize after the recent 14% overall gain, although it could be a sign of all markets bouncing back as well. Only time will tell which of the two outlooks will come true, but the signs are pretty interesting regardless. $QTUM #QTUM Several alts charts are looking similar to this bottomed/accumulation phase & sideways trending up Can find the same set up & pattern on many alt charts to pick from Ether prepping for a retracement pump or bull trap, but good RR for some alts #BTC #bitcoin #ETH pic.twitter.com/Y16p0PsjC3 — Ryuzaki (@RyuzakiBTC) October 21, 2018 As is always the case in the altcoin department, there are arbitrage opportunities to take advantage of first and foremost. According to KoinKnight, those who want to speculate on Qtum can make a pretty interesting triangular arbitrage trade through different exchanges, albeit it may not yield any major gains right away. These types of opportunities rely on using different exchanges and pairs to be successful, yet there still is a certain appeal to this method. Hurry! 17.99% triangular arbitrage in #QTUM via #Cryptopia. If you buy #QTUM in #INR market from #CoinDelta and convert it to #NLC2 in #Cryptopia and sell it on #Bittrex. — KoinKnight (@KoinKnight) October 21, 2018 With the most recent gains for Qtum in place, and the current trend still looking promising, interesting things are bound to happen. Whether that will be for better or worse, is very difficult to predict at this stage. All markets should get a healthy nudge throughout Q4 of 2018, but no one knows for sure when it will happen exactly. All altcoins seem to be thriving right now, but that momentum can easily turn around. The post Qtum Price Surpasses $4 as Uptrend Remains Firmly Intact appeared first on NullTX.

23 days ago

QTUM Partners With Amazon Web Services to Bring Blockchain-as-a-Service to AWS

QTUM (QTUM), a platform for implementing plug-and-play smart contract bridging functionality from both Bitcoin and Ethereum, has announced a partnership with Amazon Web Services (AWS) to establish blockchain-as-a-service (BaaS) offerings through the AWS cloud. I just published QTUM Announces a Historic Partnership with Amazon Web Services https://t.co/JI8jD2wP4R — QtumOfficial (@QtumOfficial) October 18, 2018 According to the

23 days ago

Altcoins Market Remains Bearish Despite Positive News

In 2017, positive news in the crypto space automatically meant that the digital currency mentioned would surge. In 2018, bears have dominated the market and positive news no longer have the same impact. For instance, Coinbase recently announced that it had listed 0x on its platform and instead of making moonshots, ZRX surged slightly before plunging by 17%. Over the last six months, 0x has declined by 52% despite struggling to make developments. Tron, Omise, Qtum, ICON, Stellar, Monero, Neo, Ethereum Classic, Tezos, Maker, and Bat suffer from the same trend. (VK)

24 days 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.

24 days ago

Bearish Markets Strangle Home Crypto Miners in China

Even as President Trump feared China’s bitcoin-prowess, the fact is far from the truth it appears as news breaking from local Chinese mining industry reveals that they are shutting down operations in larger numbers. Chinese news media reveal that small mining farms which had mushroomed around Chinese river systems to cool their big-heat generating mining machines, are closely down. These players are under tremendous pressure as they can no longer profit from their small-scale operations. More importantly, the Chinese market is yet to recognize and regulate the cryptocurrency, blockchain product-offerings as financial instruments, affecting these local miners at a critical phase of growth of the bitcoin as a commercial product. Bear Market cripples miners For others such as miner Ma, the reason for closing down his mining farm was the long bear market for cryptos. Ma reveals that he sold as many as four of the mining rigs he owned for as less as $125, which was at just one-fourth the price of brand new mining machines. Fall in prices down local miners The bear market that has emerged in china for cryptocurrencies has impacted the local miners more than the deep-pocketed overseas players. Local technology entrepreneurs, the latest two to three years were seen investing “hundreds of thousands” of Yuan for purchasing cryptomining hardware or what are called as “mining rigs.” The highest volume of investments was in the second half of 2017, when bitcoin prices achieved unseen high of nearly $20,000 per coin. The aim of all these ex-bank tellers, accounts and small time businessmen was to make money by mining in bitcoin. But the crypto dream was not to be for many who arrived late on this mining dream. By middle-to-late of January 2018 bitcoin prices began to slip slowly and steadily before reaching a stable price range of $5,000 to $6,500 by mid-August 2018. However, the damage was already rampant and crypto assets such as Nxt andn Qtum lost as much 99% of their value in no time. According to one such affected miner, whose last name is Li, says, “By mid-June, my mining business’s profit margin had dropped by 90%. One of my friends who also mines altcoins suffered more, nearly losing all his investment.” The only way for such local businesses to recover was to shut down and sell-off the mining rigs in the used hardware section of local magazines. Cheaper, newer Hardware availability Another major issue, even with selling off their hardware for some of the miners such as Shenzhen business owner is that many small manufacturers are also in the fray, cloning big makers’ products and selling them at a fraction of the cost. Often these small-manufacturer made machines were cheaper than the big-branded, second-market machines, making it nearly impossible for ex-miners to liquidate their assets and recover costs marginally. The post Bearish Markets Strangle Home Crypto Miners in China appeared first on ZyCrypto.

24 days ago

Cryptocurrency Market Update: FOMO Failing, Good News Not Helping Altcoins

FOMO Moments More declines as we approach the weekend; Bitcoin Cash, Iota and Tezos sliding. The lassitude continues as we end another week in crypto land. No momentum has come from anywhere despite several positive news developments for a number of crypto projects. Total market capitalization has dropped back below $210 billion as cryptos sink into the weekend. Playing the digital piper is Bitcoin, falling back a percentage point on the day to $6,480. Technical gurus are calling a descending triangle and failure to break resistance so further losses could be imminent. Ethereum is the same, falling back another 2% today to take it to $203, a very low level. The altcoins are mostly red at the moment, with very tiny gains for a handful of them. The top ten is all red with the exception of Tether which is still trying to claw its way back to a dollar. Leading the losses are XRP, Bitcoin Cash and Cardano all falling over 3% during the morning’s Asian trading session. The rest are between 1-3 percent down. The top twenty is equally as bleak with Iota dropping the most at 4.3% back to $0.495. Dash, Tezos and VeChain are all down just over 3% and the rest not far behind. Today’s big pump is Polymath which has surged 20% at the moment on a new partnership with Netcoins to provide crypto OTC services for security token issuers. tZero has also issued its first security token which has revived interest in POLY. Aelf is also doing well with a 15% pump right now. Taking a hit is PIVX which pumped yesterday. The dump was predictable and it is leading the red half of the top one hundred dropping 11% on the day. Metaverse ETP is also sliding over 8% at the time of writing. There has been another decline in total crypto market capitalization. Today it is down almost 2% to $208 billion. Trade volume hasn’t changed from $11 billion and the sideways channel is still intact with very few signs of a breakout. Good news is having no effect with altcoins such as Tron, 0x, OmiseGO, Icon, and Qtum all posting positive developments this week but seeing prices slide further back. 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: FOMO Failing, Good News Not Helping Altcoins appeared first on NewsBTC.

24 days ago

Amazon Web Services’ (AWS) China Partners With Blockchain Project Qtum

The China division of Amazon Web Services' (AWS) will be utilizing the Qtum blockchain for smart contracts...

25 days ago

Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens

The app’s wallet now supports most ERC20 tokens on the market today, as well as adding more news sources, optimizing startup speed, and shortening users’ waiting time, registration and login process. Major Improvements for Token Support With this upgrade, the wallet function has undergone major improvements. Up until now, the BitKan wallet has supported mainstream cryptocurrencies such as BTC, BCH, ETH, QTUM, DASH, SAFE. That now includes all tokens based on the ERC20 standard and Bitcoin (BTS). All this means it now covers over 98 percent of available cryptocurrencies in the market. The update will add Bitcoin (BTS) wallets and GAT wallets, as well as the USDC stablecoin wallet from Circle. Users can now do an ERC20 token search and add new token functionality. ‘Community Wallet’ Concept The new version of the “community wallet” concept promotes a more ecological layout for paying for content, plus community rewards and one-click airdrops for different projects. BitKan first launched its wallet function in 2013. It has proved well-secured thus far, and is supported and trusted by millions of users. The mobile app is available for both Android and iOS. BitKan thanks all its users, past, present and future, for their support. About BitKan BitKan was founded by four former employees of Huawei Technology in 2012. The startup has rapidly scaled to become one of China’s leading providers of cryptocurrency data and services, with recent expansion into Singapore, Tokyo and Hong Kong. Visit the BitKan homepage and download the mobile app here: Website: https://www.bitkan.com App: https://bitkan.com/app The post Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens appeared first on CoinSpeaker.

25 days ago

Tron (TRX) & QTUM Rise on Partnership Announcement while NEO Celebrates 2yr Anniversary with Competitions

Tron rose with the confirmation of using the Baidu cloud computing services while Qtum surged about 9% with “historic partnership” with Amazon Web Services (AWS), and VeChain is working with DNV GL to advance the sustainable development goals of the United Nations. Meanwhile, NEO is up by 6% celebrating its 2nd year anniversary with a number of competitions. Tron to use Baidu cloud computing services Tron Foundation and Tron founder and CEO Justin Sun confirm the partnership with Internet service giant Baidu. However, it is not a partnership per se rather, Tron will be using the cloud computing resources of the Baidu. #TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX pic.twitter.com/v39Zm7zMc4 — TRON Foundation (@Tronfoundation) October 18, 2018 Tron is constantly developing and growing as over 90 smart contacts have been already deployed on Tron Network and that too just days after its Tron Virtual Machine (TVM) launch. In another instance, the dapp, TRONbet which is a dice game is a hit as Tron Foundation Tweets, “On the first day of the release, TRONbet was played over 10,000 times.” Meanwhile, TRX is up by about 4 percent at $0.0248 at the time of writing. TRX 24-hours price chart, Source: Coinmarketcap Qtum in a “ground-breaking” partnership with Amazon web services In its “historic partnership” with Amazon Web Services, together “QTUM and AWS will be working toward expanding blockchain service offerings in a move towards establishing Blockchain-as-a-Service (BaaS) through AWS. “ Qtum will be providing a smart contract development platform where with over 5,000 nodes worldwide, the 27th position cryptocurrency is the ideal initial BaaS partner for AWS. Becoming the first free and open-source blockchain to sign with AWS, Miguel Palencia, CIO at Qtum Foundation states: “Qtum’s launch on the AWS marketplace provides an easy-to-use and powerful cloud-based solution for end users and enterprise. Anyone who wants to develop and build dapps on the Qtum platform or use it as a staking node will benefit from this.” With about 8 percent gains, Qtum is trading at $3.98. Qtum 24-hours price chart, Source: Coinmarketcap VeChain partners with DNV GL The signing ceremony of “DNV GL and VeChain Digital Low Carbon Ecosystem” was witnessed by King Harald V and Queen Sonja of Norway recently. The aim of this ecosystem is to use VeChainThor blockchain and IoT devices in order to calculate carbon reduction via smart contracts. The agenda has been to improve the existing efforts of DNV GL in work with the United Nations to advance the sustainable development goals. At $0.0116, VeChain has been in the green. VeChain 24-hours price chart, Source: Coinmarketcap NEO celebrates Mainnet 2 year anniversary At 15th rank, NEO is celebrating the second anniversary of its mainnet launch. The official announcement on the website states, “The NEO MainNet has been running in stable capacity for two years since its release. As an early blockchain project, NEO has spent the past two years improving its core technology, enriching and extending its ecosystem, and expanding the global presence of the NEO community.” The anniversary is marked with a number of competitions viz. Technical Articles Competition, October 17th - December 17th, Community Video Draws, October 17th - October 19th, and NEO Wallpaper Design Competition, October 17th - November 7th. At $17.33, NEO is up by over 6 percent. NEO 24-hours price chart, Source: Coinmarketcap The post Tron (TRX) & QTUM Rise on Partnership Announcement while NEO Celebrates 2yr Anniversary with Competitions appeared first on Coingape.

25 days ago

QTUM Partners With Amazon Web Services And Tether Panic Continues

The State of The Market — October 18, 2018 BTC: $6,540.86 (+0.12%) ETH: $206.24 (-0.43%) XRP: $0.46269 (-0.29%) After the sudden surge on Monday and a correction after that, the market remains stable. In fact, the top 5 cryptocurrencies moved by less than 1% in the last 24 hours. Bitcoin remains stable at $6,500, while Ethereum continues to hold above $200. In other news, U.K.-based global security firm G4S is developing a cryptocurrency custody solution. The firm, which typically provides security to events, prisons and other more traditional sectors, believes it has the solution to the risk of theft plaguing the cryptocurrency industry. Also, cryptocurrency compliance and investigative firm Chainalysis has partnered with Binance to fight Crypto money laundering. Chainalysis will deploy its real-time cryptocurrency monitoring program that uses pattern recognition, open source references, and complex algorithms to track and alert suspicious cryptocurrency transactions. 1) PoS- based smart contract blockchain Qtum has teamed up with Amazon Web Service (AWS) China division to broaden the hosting service’s blockchain-as-a-service (BaaS). The partnership will see the development of a smart contract platform on AWS that will enable users and developers to efficiently, cost-effectively and quickly manage, launch and code smart contracts systems. The solution would make use of Amazon Machine Image (AMI) together with core software for startup, Gmix web IDE and solidity. Also, Qtum would now be able to access Amazon’s business, marketing, sales, and technical resources. 2) Bitcoin was trading at a $300 premium on Bitfinex amid Tether’s decline. Tether (USDT) has seen its market capitalization plunge from the $2.8 billion area to just above $2 billion in a matter of ten days and is seeing 5% haircut as traders exchange for Bitcoin. Many believe the price upswing is because the traders who purchased Tether via the exchange are now looking to sell their holdings for Bitcoin. 3) A CME report shows that Bitcoin futures trading on the exchange have gone up by 41% in Q3, 2018. Also, the number of open contracts rose by 19%. CME also notes that when Q3 results are compared to Q2 there is noticeably slower growth in trading dynamics. Bloomberg recently reported that CME has no plans to introduce additional cryptocurrency futures as they prefer to continue analyzing Bitcoin futures. BTC futures have been a controversial topic as some believe they helped to stabilize the BTC bubble before it exploded and others think the instrument is directly responsible for the 2018 cryptocurrency bear market. The Federal Reserve Bank of San Francisco has also suggested that the “subsequent fall in the price [of BTC]” after the Bitcoin Futures launch does not appear to be a “coincidence.” (VS)

25 days ago

Amazon Web Services Partners Up with Qtum in China

Recent news of a possible partnership between TRON and Chinese giant Baidu demonstrated the excitement that was produced by sheer rumors of such a move. While this partnership remains only a speculation at this point, another project recently announced a confirmed partnership with an equally as large company. The new partnership announcement came from Qtum (QTUM), a smart contracts-focused blockchain that employs PoS. Qtum has partnered up with a Chinese division of a well-known multinational corporation, Amazon Web Service (AWS). The announcement brought new excitement to the digital currency industry, as it announced that the two entities will be joining in order to expand the BaaS offerings of the hosting service. What this means is that Qtum, as a platform for smart contract and dApp creation, will now be deployed via one of the largest cloud providers in the world of business software. Through the use of AMI (Amazon Machine Image) which features Qtum core, users will be capable of creating and deploying their own dApps and smart contracts. Apart from utilizing AMI, the new solution will also include Solidity, as well as Gmix web IDE, all of which will be employed for the process of creating and operating smart contracts. Qtum itself will benefit from the partnership by gaining access to Amazon’s technology, business, marketing, and even sales resources. As for the developers themselves, they will be able to code, launch, and manage smart contracts in a quick, efficient, and cost-effective way. Partnership Places Qtum Under a Spotlight Patrick Dai, the co-founder of Qtum, commented on this partnership by saying that Qtum is among the most decentralized entities on the web. Considering that AWS is among the largest cloud providers around the world, the two firms are a perfect match. Additionally, Dai believes that both, the companies and users, will benefit from this partnership, as smart contracts and dApps will be available for everyone. In addition to making the process simple and cost-effective, Qtum AMI image will be completely free to use. AWS customers will not be charged any additional cost, and they will not have to purchase QTUM coins. Furthermore, a TestNet will be deployed for users to simulate a public blockchain and test their products. Anyone wishing to start working on the blockchain will be capable of running a Qtum node which will have Qtum pre-installed. Thanks to this partnership, as well as the general amount of progress that Qtum has made recently, this project received a lot of attention. Qtum is currently ranked as 27th on CoinMarketCap’s list of largest coins, with a price of $3.90 at the time of writing, and a 6.5% increase in the last 24 hours. This is a significant development which will likely bring even more attention to Qtum, as the project manages to grow in a highly sensitive and unsure market. Many in the cryptocurrency community are already calling this partnership “historic”, as it represents a large and significant move forward for the entire cryptocurrency/blockchain industry. Image from Shutterstock The post Amazon Web Services Partners Up with Qtum in China appeared first on NewsBTC.

a month ago

Qtum (QTUM) Announces Partnership with Amazon Web Services, Posts a Strong 5.25% Gain

According to a report, a famous PoS- based smart contract blockchain Qtum has teamed up with Amazon Web Service (AWS) China division to broaden the hosting service’s blockchain-as-a-service (Baas). The partnership will see the development of a smart contract platform on AWS that will enable users and developers efficiently, cost-effectively and quickly manage, launch and code smart contracts systems. The solution would make use of Amazon Machine Image (AMI) together with core software for startup, Gmix web IDE and solidity. Qtum would now be able to access Amazon's business, marketing, sales, and technical resources. Following the partnership announcement, Qtum price surged by 5.25%. (VK)

a month ago

Qtum Joins Amazon Web Services for a New Blockchain Solution for Developers and Businesses

Singapore based decentralized application Qtum has partnered with Amazon Web Services (AWS), Amazon’s cloud computing division in China. The partnership is a result of long discussions that started in July, when Qtum’s Amazon Machine Image (AMI) was listed on the Amazon Web services marketplace. I just published QTUM Announces a Historic Partnership with Amazon Web Services https://t.co/JI8jD2wP4R — QtumOfficial (@QtumOfficial) October 18, 2018 Simon Wang, head of territory business development at AWS China, confirmed the partnership: “Qtum is now an AWS technology partner and one of the partner network members.” The collaboration of the companies is aimed at developing blockchain-as-a-service (BaaS) solutions for developers and businesses. According to Qtum, AWS users will be able to develop and launch smart contracts “quickly, efficiently, and cost-effectively” using an Amazon Machine Image (AMI). Furthermore, Qtum and AWS will work together to get feedback from customers about the use cases that are in demand and provide guidance to those who do not have much software development resources themselves. Miguel Palencia, Qtum’s chief information officer, said: “We are going to work together [with Amazon] to contact different customers and clients. We’re looking into use cases, and the best way to do it is to have a contact with companies who have those use cases. Some clients have their own ideas and their own developers, and some of them want more support from us, want to talk to us directly.” The partnership will make blockchain software development simpler and more accessible for corporate clients. About Qtum Qtum is a decentralized and open-source smart contracts platform and value transfer protocol based in China. Qtum incorporates the best parts of both Bitcoin and Ethereum and connects the existing blockchain with a virtual machine. Launched in 2017, Qtum employs a proof of stake consensus protocol that allows anyone with as little as one qtum to help secure the network and enables developers to build applications and smart contracts on the current blockchain technology. Qtum Co-Founder Patrick Dai said: “Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.” Last January, Qtum raised $1 million from such prominent investors as Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li and Fenbushi partner Bo Shen. At that time, the company also partnered with Beijing-based company 360 Finance to set up a blockchain lab. Recently, Qtum released its x86 virtual machine that would propel its value proposition over Ethereum by welcoming developers who code in any language. Next year, Qtum is planning to launch QtumX, in order to help major corporations take advantage of optimized smart contract automation and effectively welcome the “mainstream” to blockchain. The post Qtum Joins Amazon Web Services for a New Blockchain Solution for Developers and Businesses appeared first on CoinSpeaker.

a month ago

Qtum Becomes Amazon Web Services’ Technology Partner and Partner Network Member

Singapore based decentralized application Qtum has partnered with Amazon Web Services (AWS), Amazon’s cloud computing division in China. The partnership is a result of long discussions that started in July, when Qtum’s Amazon Machine Image (AMI) was listed on the Amazon Web services marketplace. I just published QTUM Announces a Historic Partnership with Amazon Web Services https://t.co/JI8jD2wP4R — QtumOfficial (@QtumOfficial) October 18, 2018 Simon Wang, head of territory business development at AWS China, confirmed the partnership: “Qtum is now an AWS technology partner and one of the partner network members.” The collaboration of the companies is aimed at developing blockchain-as-a-service (BaaS) solutions for developers and businesses. According to Qtum, AWS users will be able to develop and launch smart contracts “quickly, efficiently, and cost-effectively” using an Amazon Machine Image (AMI). Furthermore, Qtum and AWS will work together to get feedback from customers about the use cases that are in demand and provide guidance to those who do not have much software development resources themselves. Miguel Palencia, Qtum’s chief information officer, said: “We are going to work together [with Amazon] to contact different customers and clients. We’re looking into use cases, and the best way to do it is to have a contact with companies who have those use cases. Some clients have their own ideas and their own developers, and some of them want more support from us, want to talk to us directly.” The partnership will make blockchain software development simpler and more accessible for corporate clients. About Qtum Qtum is a decentralized and open-source smart contracts platform and value transfer protocol based in China. Qtum incorporates the best parts of both Bitcoin and Ethereum and connects the existing blockchain with a virtual machine. Launched in 2017, Qtum employs a proof of stake consensus protocol that allows anyone with as little as one qtum to help secure the network and enables developers to build applications and smart contracts on the current blockchain technology. Qtum Co-Founder Patrick Dai said: “Qtum is one of the most decentralized entities on the internet and AWS is one of the largest cloud providers in the world. It is a perfect combination for users and the enterprise. We look forward to continue making Qtum’s smart contract and Dapp technology available for what is arguably its most in-demand market, the enterprise.” Last January, Qtum raised $1 million from such prominent investors as Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li and Fenbushi partner Bo Shen. At that time, the company also partnered with Beijing-based company 360 Finance to set up a blockchain lab. Recently, Qtum released its x86 virtual machine that would propel its value proposition over Ethereum by welcoming developers who code in any language. Next year, Qtum is planning to launch QtumX, in order to help major corporations take advantage of optimized smart contract automation and effectively welcome the “mainstream” to blockchain. The post Qtum Becomes Amazon Web Services’ Technology Partner and Partner Network Member appeared first on CoinSpeaker.

a month ago

Qtum (QTUM) Enters “Historic Partnership” With Amazon Web Services, Surges 5%

Qtum Enters “Historic Partnership” In the nascent cryptocurrency market, partnerships are near-essential, as a budding relationship with parties inside and outside of this industry bolsters the adoption, efficiency, and security of crypto assets and blockchain solutions. The community surrounding this industry was recently floored, as Justin Sun of the Tron (TRX) project expressed his excitement that his brainchild was partnering with an “industry giant” that was valued at tens of billions of U.S. dollars. Speculation regarding the apparent strategic deal rapidly circulated through social media channels, with many crypto investors hoping for the best. However, as reported by Ethereum World News, this announcement was rather overhyped, as a report from ODaily, translated and relayed by CNLedger, divulged that the partnership was nothing more than Tron purchasing cloud computing power from Baidu. Now, however, Qtum, a popular PoS-based smart contract blockchain, has revealed that it has legitimately partnered with a multinational corporation. According to a press release from the blockchain-focused startup, it has officially partnered with Amazon Web Service’s (AWS) China division in a “ground-breaking” occurrence. Per the announcement, the startup and AWS will be joining hands to expand the hosting service’s blockchain-as-a-service (BaaS) offerings, with a focus obviously being taken on QTUM’s in-house protocols and services. This working relationship will reportedly see the two firms “create bases” for enterprise-grade blockchain solutions, a service that corporations have been clamoring for. One such service will be a smart contract development platform that is situated on AWS, which will allow developers and users to “quickly, efficiently, and cost-effectively” code, launch, and manage smart contract systems. This ground-breaking solution will utilize an Amazon Machine Image (AMI), coupled with the startup’s core software, Solidity, and Gmix web IDE, which are all integral in the process of operating blockchain-based contracts. Qtum, now a bona fide Amazon Technology Partner, will now gain access to Amazon’s business, technical, marketing, and sales resources, which is a positive sign for the blockchain project, to say the least. Issuing a comment to CoinDesk confirming the business relationship, Simon Wang, an executive at AWS China, wrote: Qtum are now an AWS technology partner and one of the partner network members. Surprisingly, as noted by John Scianna, Qtum’s marketing director, this partnership was a long time coming, as Qtum’s AMI has been reportedly listed on AWS’ global marketplace since July, which sparked a discussion between the hosting service subsidiary of Amazon, one of the largest internet giants on Earth, and the startup. As put by Qtum, this is the first time that a “free and open-source blockchain” has inked a deal with AWS, which is an “exciting and valuable contribution for enterprise and individual blockchain end users alike.” QTUM Defies Mixed Bag Market, Surges 5% As a result of this self-proclaimed “historic partnership,” the popular altcoin has posted a strong 5.25% gain amid an otherwise unsure, wary market. According to CoinMarketCap, the asset is up to $3.88 a pop, with this gain likely being aided by a staggering $222 million in volume in the past 24 hours. Seeing that the crypto asset has seen a 97% sell-off since its peak in January 2018, this move to potentially spark a recovery was evidently welcomed by QTUM investors. However, the total market capitalization of the crypto is still a staggering $344 million, with this figure only alluding to the fact that QTUM is still a force to be reckoned with, even amid questionable, tumultuous market conditions. Photo by Christian Wiediger on Unsplash The post Qtum (QTUM) Enters “Historic Partnership” With Amazon Web Services, Surges 5% appeared first on Ethereum World News.

a month ago

PR: Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens

The BitKan mobile app has been upgraded to optimize the performance of the Markets function, greatly improving user experience while checking digital asset prices. The app’s wallet now supports most ERC20 tokens on the market today, as well as adding more news sources, optimizing startup speed, and shortening users’ waiting time, registration and login process. This is a press release provided by BitKan Major Improvements for Token Support With this upgrade, the wallet function has undergone major improvements. Up until now, the BitKan wallet has supported mainstream cryptocurrencies such as BTC, BCH, ETH, QTUM, DASH, SAFE. That now includes all tokens based on the ERC20 standard and Bitcoin (BTS). All this means it now covers over 98 percent of available cryptocurrencies in the market. The update will add Bitcoin (BTS) wallets and GAT wallets, as well as the USDC stablecoin wallet from Circle. Users can now do an ERC20 token search and add new token functionality. ‘Community Wallet’ Concept The new version of the “community wallet” concept promotes a more ecological layout for paying for content, plus community rewards and one-click airdrops for different projects. BitKan first launched its wallet function in 2013. It has proved well-secured thus far, and is supported and trusted by millions of users. The mobile app is available for both Android and iOS. BitKan thanks all its users, past, present and future, for their support. About BitKan BitKan was founded by four former employees of Huawei Technology in 2012. The startup has rapidly scaled to become one of China’s leading providers of cryptocurrency data and services, with recent expansion into Singapore, Tokyo and Hong Kong. Visit the BitKan homepage and download the mobile app here: Website: https://www.bitkan.com App: https://bitkan.com/app Follow us on our official accounts to find out about our latest announcements and updates: Facebook: https://www.facebook.com/bitkanofficial/ Twitter: https://twitter.com/BitKanOfficial Instagram: https://www.instagram.com/bitkanofficial/ Telegram: https://t.me/bitkan 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: The post PR: Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens appeared first on BitcoinNews.com.

a month ago

Sora Ventures and Sora Foundation will host their first annual conference in Macau

On November 13th - 14th 2018, Sora Ventures and Sora Foundation will host their first annual conference Sora Summit at the Macau Tower in Macau. Sora Summit aims to enhance the mutual understanding and cooperation between leaders in the blockchain industry and the rest of the world, and to gather brilliant minds across all industry roles to generate innovative discussion and ideas on the trends and development of our industry. This year, they have invited speakers from Mainland China, United States, Japan, Korea, Singapore, Hong Kong, Macau, Russia, and Taiwan. With over 65 confirmed speakers, the conference will attract over 500 attendees from universities, investments firms, startups, corporates firms, and more. Speakers includes representatives from Pantera Capital, Blocktower, 500 Startups, EY, KPMG, PwC, OKEx, Foundation Capital, Qtum Foundation, and more. Macau is a special administrative region [SAR] of China, located west of Hong Kong that was once a colony of Portugal. The city is best known for casino gaming, with four times the revenue than Vegas. This year, Sora Summit is hosting at the same time as Macau Gaming Show, one of Macau’s largest gaming conference, and have partnered with Alphaslot to showcase how blockchain technology can be used in casino gaming. To book tickers, Click Here! The post Sora Ventures and Sora Foundation will host their first annual conference in Macau appeared first on AMBCrypto.

a month ago

Switcheo Previews its New Wallet Manager Which Enables Ethereum and Qtum Trading

The NEO blockchain based Switcheo Exchange recently released a preview of its new wallet manager which will include Ethereum and Qtum trading alongside NEO asset trading. The new wallet manager is designed to help users manage all their digital assets and utilize Switcheo’s cross-chain functionality from one easy to use interface. Users will be able to connect and toggle between the 3 supported blockchain wallets and manage deposits and withdrawals without needing to switch between different screens. (JF)

a month ago

These Tokens are the Worst Performing Cryptos in 2018: Factors and Trends

Investment consultation firm Pension Partners released an index listing the worst performing cryptocurrencies in 2018. Qtum, a cryptocurrency-backed hybrid blockchain platform, suffered a maximum 93.9 percent loss by Q3 2018. A high marketing pitch, which projected Qtum as the best of both blockchain and mainstream worlds, allowed the project to establish an all-time high token value at $82.66 in January. But eventually, Qtum project lost shine due to decreasing performance and increasing challenges. Its blockchain has seen a significant drop in the number of daily transactions, while the mining difficulty has also fallen drastically. At the press time, QTUM is trading at $3.47. NEM Plunges 91% The New Economy Movement, or NEM, began as a revolutionary blockchain project for enterprises. During early 2017, the Japanese firm received substantial financial support from local investors. NEM sold its XEM tokens at the initial rate of $0.00023107 and by the end of April 5th, 2015, the company had made its early investors a 68,537.2 percent profit. But like many other crypto assets, XEM too failed to sustain its upside and dropped squarely in 2018’s market-wide bearish bias. NEM maintains its position among the top ten cryptocurrencies market cap, indicating it has retailed market attention and belief. ICON (ICX) Drops 90% ICX, like Ether, is a crypto-native to a blockchain project called ICON and has been one of the most affected victims of the market-wide bearish sentiment. The project has everything going on for itself: steady development, a good and reliable team and an ambitious goal to interconnect difference blockchains. But regardless of efforts, ICX remains one of the most underperforming crypto assets in 2018, with a negated 90 percent return for his early investors. The ICX/USD is now trading at $0.61, much lower than its all-time high near $12. Other Tokens Cardano, Lisk, and IOTA despite their strong fundamentals have also dropped hugely in an overall bearish crypto market. While Cardano, a native token of a distributed computing platform, plunged by 89.9% by Q3 2018, Lisk and IOTA, two of the most talked-about blockchain protocol tokens, also imposed 86.6 and 87.6 percent losses on their holders, respectively. At the same time, EOS and Bitcoin turned out to be the worst-best winners, dropping the least in the market-wide crash. EOS, a close competitor of a 74.7 percent down Ethereum, dropped 33.4 percent, while Bitcoin, the leading digital currency by market cap, dropped close to 54 percent. Future Expectations The uptrend of native coins still depends on the success of their blockchain ecosystems. As of now, Ripple, Ethereum and EOS are among the most promising blockchain projects as the demand for decentralized solutions will likely grow in 2019. Many analysts believe tokens like XRP, ETH, EOS, and LTC are in bottom formation phase. Bitcoin, for instance, is already holding its downtrend at a strong bottom area below $6,000. Crypto market has found weak fundamentals in poor adoption, which again was caused by the lack of proper regulations and the failure of many blockchain projects. 2019 is considered to be a year that would bring more clarity from governments and regulators on crypto and blockchain alike. Likewise, more investments would follow suit, especially from institutional investors that are already joining crypto hedge funds, expecting a complete reverse of 2018’s bearish performance. The post These Tokens are the Worst Performing Cryptos in 2018: Factors and Trends appeared first on NewsBTC.

a month ago

These Tokens are the Worst Performing Crypto in 2018: Factors and Trends

Investment consultation firm Pension Partners released an index listing the worst performing cryptocurrencies in 2018. Qtum, a cryptocurrency-backed hybrid blockchain platform, suffered a maximum 93.9 percent loss by Q3 2018. A high marketing pitch, which projected Qtum as the best of both blockchain and mainstream worlds, allowed the project to establish an all-time high token value at $82.66 in January. But eventually, Qtum project lost shine due to decreasing performance and increasing challenges. Its blockchain has seen a significant drop in the number of daily transactions, while the mining difficulty has also fallen drastically. At the press time, QTUM is trading at $3.47. NEM Plunges 91% The New Economy Movement, or NEM, began as a revolutionary blockchain project for enterprises. During early 2017, the Japanese firm received substantial financial support from local investors. NEM sold its XEM tokens at the initial rate of $0.00023107 and by the end of April 5th, 2015, the company had made its early investors a 68,537.2 percent profit. But like many other crypto assets, XEM too failed to sustain its upside and dropped squarely in 2018’s market-wide bearish bias. NEM maintains its position among the top ten cryptocurrencies market cap, indicating it has retailed market attention and belief. ICON (ICX) Drops 90% ICX, like Ether, is a crypto-native to a blockchain project called ICON and has been one of the most affected victims of the market-wide bearish sentiment. The project has everything going on for itself: steady development, a good and reliable team and an ambitious goal to interconnect difference blockchains. But regardless of efforts, ICX remains one of the most underperforming crypto assets in 2018, with a negated 90 percent return for his early investors. The ICX/USD is now trading at $0.61, much lower than its all-time high near $12. Other Tokens Cardano, Lisk, and IOTA despite their strong fundamentals have also dropped hugely in an overall bearish crypto market. While Cardano, a native token of a distributed computing platform, plunged by 89.9% by Q3 2018, Lisk and IOTA, two of the most talked-about blockchain protocol tokens, also imposed 86.6 and 87.6 percent losses on their holders, respectively. At the same time, EOS and Bitcoin turned out to be the worst-best winners, dropping the least in the market-wide crash. EOS, a close competitor of a 74.7 percent down Ethereum, dropped 33.4 percent, while Bitcoin, the leading digital currency by market cap, dropped close to 54 percent. Future Expectations The uptrend of native coins still depends on the success of their blockchain ecosystems. As of now, Ripple, Ethereum and EOS are among the most promising blockchain projects as the demand for decentralized solutions will likely grow in 2019. Many analysts believe tokens like XRP, ETH, EOS, and LTC are in bottom formation phase. Bitcoin, for instance, is already holding its downtrend at a strong bottom area below $6,000. Crypto market has found weak fundamentals in poor adoption, which again was caused by the lack of proper regulations and the failure of many blockchain projects. 2019 is considered to be a year that would bring more clarity from governments and regulators on crypto and blockchain alike. Likewise, more investments would follow suit, especially from institutional investors that are already joining crypto hedge funds, expecting a complete reverse of 2018’s bearish performance. The post These Tokens are the Worst Performing Crypto in 2018: Factors and Trends appeared first on NewsBTC.

a month ago

Qtum Price Surpasses $4 as Trading Volume Picks up

There is still a lot of uneasy momentum in the world of cryptocurrency. Most of the top currencies are still in the red, although some others are noting interesting gains. The Qtum price, for example, is enjoying some upward momentum right now, courtesy of a very high trading volume. Qtum Price is Rising Nicely It has been a very interesting year for the Qtum project. Finding a market in this ever competitive ecosystem of blockchain projects and cryptocurrencies is anything but easy. So far, the project is still flying under the radar, even though its market cap has grown to over $350m in the past few weeks. A very positive trend which will seemingly not relent anytime soon. Over the past 24 hours, there has been a solid 5% increase in Qtum’s value. This is primarily because of the 5.4% increase in the QTUM/BTC ratio, which further confirms speculators are diversifying their portfolios once again. This may very well usher in an exciting Q4 for all of the altcoins, even though some of them are also very deep in the red right now. A lot of traders and speculators are quite keen on this current trend. CryptoBullSignals17 shows how the purchased Qtum at the right time and now note a strong 7% growth. Although signals and pump groups should always be avoided, there is good money to be made when taking a gamble now and then. The target for Qtum has seemingly been hit, although it remains to be seen if future gains are on the horizon. #QTUM, 7% growth from our entry $btc $eth $xrp $neo $icn $data $icx $bnb $kmd $npxs $aion $wax $vee $enj $rvn $hot $bnt $grs $cmt $gup $rlc $powr $poly $gnt $xtz $qtum $xvg $dgb $sc $nbt $ebst #Altseason #Bitcoin #BTFD #Christmas gift Telegram : https://t.co/opWLB0ycF4 pic.twitter.com/5eKQxzXh1t — CryptoBullSignals17 (@BullSignals17) October 10, 2018 Behind the scenes, it would appear the technology brought to market by Qtum is getting a lot of positive attention as well. Jordan Earls is a developer with a strong affinity for blockchain and cryptocurrency. As such, building applications on top of Qtum is becoming a lot more viable, albeit one has to wonder what the code will be used for exactly. Neat. First is result, second is code used for it #qtum #x86 pic.twitter.com/DXCiK93Skz — Jordan Earls / 厄儿斯 (@earlzdotnet) October 9, 2018 Forecast City is another cryptocurrency speculator, albeit they try to target Qtum through its ETH pairing on the Binance exchange. In their opinion, the altcoin will see significant growth over the coming months, albeit it remains to be seen if such a prediction can even come true. This is not the altcoin season, regardless of how things may look at this time. A trading opportunity to buy in #QTUMETH#Business #Money #Investing #Investment #QTUM #Bitcoin #IOST #ETH #DASH #USD #Dollar #EOS #BlockChain #Stocks #Trading #CryptoCurrency #Crypto #StockMarket #Bitcoins #Iota #Altcoin @Ethereum @QtumOfficialhttps://t.co/Nx7kTxU73l — Forecast City (@ForecastCity) October 9, 2018 Based on the current trading volume, there is a very good chance the Qtum price will continue to rise for a few more hours. Most of the volume comes from EXX, even though that pair is discounted on CoinmarketCap. An interesting altcoin to keep an eye on for some profit prior to the weekend, by the look of things. The post Qtum Price Surpasses $4 as Trading Volume Picks up appeared first on NullTX.

a month ago

Belize-Based Financial Broker RoboForex Adds 16 Crypto Pairs to Trading Platform

International financial broker RoboForex has added support for 16 crypto trading pairs to its platform dubbed R Trader. RoboForex gives investors the opportunity to trade CFDs, which are contracts for difference, on coins like Bitcoin and Ethereum. The new trading pairs are in the BTC and USD markets and include the following coins: BCH, BTG, EOS, ETC, GNT, IOTA, NEO, OMG, QTUM and XMR. RoboForex reportedly offers leverage of up to 1.5x. (GT)

a month ago

Qtum: Core Upgrades and New Mobile Wallet

The past month was an active month for Qtum developers, and they managed to achieve a lot. Qtum core upgraded to v0.16.0 and v0.16.1. These versions have fixed various bugs and have an update to Bitcoin core 0.16 which offers users HD and segwit wallets. The company is currently working on an official website and a mobile wallet. The Qtum team celebrated its anniversary last month. Also, it organised a hackathon and saw its founder Patrick Dai deliver a speech in Argentina in the G20 Young Entrepreneurs’ Alliance. (KE)

a month ago

Qtum Development News September

Things have been looking good for Qtum this past month, with celebrating their 1-year anniversary and being listed on... The post Qtum Development News September appeared first on Invest In Blockchain....

a month ago

Qtum Development News: Core Release, New Wallet, and More

Things have been looking good for Qtum this past month, with celebrating their 1-year anniversary and being listed on... The post Qtum Development News: Core Release, New Wallet, and More appeared first on Invest In Blockchain....

a month ago


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