Steem STEEM

$0.4668
Market Cap $ 143.657 MM (#42)
24h Volume $ 2.871 MM
Chg. 24h: -4.34%
Algo. score 3.5/5  (#186)
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Steem News

Intercontinental Exchange (ICE) Released a List of its Favorite Cryptocurrencies; Same ‘Tokens’ To Be Included in Bakkt As Well?

ICE (Intercontinental Exchange), the parent company of the NYSE (New York Stock Exchange) has initiated a research unit for 58 cryptocurrency projects and 19 FIAT currencies. ICE, in partnership with Blockstream, has established the ‘Cryptocurrency Data Feed’, which will provide with real-time and historical data of cryptocurrency prices from all over the world. Nevertheless, it has selected only 2.75% of the total number of cryptocurrency projects in the market. This is what this means for Crypto traders pic.twitter.com/eb2ejPB639 — ICE Data Services (@ICEDataServices) March 14, 2019 Cryptocurrency Projects Included in the Data Feed The entire list of cryptocurrencies added to the Data Feed can be obtained here. The Data Feed would provide a real-time thorough analysis of 58 cryptocurrencies on its official website. Moreover, widespread inclusion of only 58 cryptocurrencies from a total of 2106 projects would narrow down the targets of the investors. However, at the same time could hurt the altcoin markets and exchange volumes in the short term. Some of the notable cryptocurrencies from the list are: Stable Coins: The stable coins which will be added to the list are USD coin, TUSD, Tether, and Gemini Dollar. High Market Capitalization ‘tokens’: Despite the cryptocurrency markets being highly volatile a couple of projects have cemented their position and were rightfully included in the data. These included: Ether (ETH), Litecoin (LTC), Cardano (ADA), Monero (XMR), NEM, Ripple (XRP), Stellar (XLM), and NEO Potentially Valuable Projects: Some of the other cryptocurrencies with low market capitalization also features in the list. Currently, they can be analogous to penny stocks in traditional markets. These include Siacoin, Augur (REP), Ardor (ARDR), Basic Attention Token (BAT), Bitshares, Bytom, CyberMiles, Crypto.com (CRO), Digibyte (DGB), Dogecoin, Steem Dollars (SBD), Nebular, Mithril, Metaverse ETP, Zilliqa, and Ox. Huobi Included But No Binance (BNB) Coin: In exchange related token Huobi was included however Binance (BNB) coin was included. Bitcoin Cash (BCH), BSV, Bitcoin Gold and Ethereum Classic (ETC) the infamous hard forks from Bitcoin and Ethereum were also included in the list. Providing a Global Data Base For Cryptocurrencies Due to their decentralization, Cryptocurrency Exchanges have become ubiquitous in the world. However, there is no authorized metrics that would give out authentic real-time data. Hence, ‘price discovery’ becomes a significant challenge due to a multitude of avenues. The ICE data would provide insight on the project along with increasing the efficiencies for its traders. It would also facilitate pricing evaluation through proper surveillance and portfolio managers with statistics that will enable the crypto-assets to be traded between peers or customers directly. While dealing with currencies, volatility and protection against adverse market movements is of prime importance to import/export traders and investors. Hence, the ‘global coverage’ would enable hedge funds to manage their risks better. Expectations from the Bakkt Platform The Bakkt Platform will be one of the first institutionally backed cryptocurrency trading platforms. Hence, the number of cryptocurrencies expected to be included in the initial phases was limited. However, the data feed suggests that the Bakkt Platform might consist of more than just a few cryptocurrencies like Bitcoin, Ethereum and Litecoin. The post Intercontinental Exchange (ICE) Released a List of its Favorite Cryptocurrencies; Same ‘Tokens’ To Be Included in Bakkt As Well? appeared first on Coingape.

a day ago

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Intercontinental Exchange has added new coins to its cryptocurrency data feed and we’ve got the details in this installment of The Daily. This edition also features Coincheck’s announcement that it plans to sell its BSV holdings and reimburse users with Japanese fiat currency. Also, Chinese mining giant Bitmain has closed its office in Norway. Also read: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job ICE Adds More Coins to Its Cryptocurrency Data Feed Intercontinental Exchange Inc., the operator of the New York Stock Exchange, has expanded the scope of its ICE Cryptocurrency Data Feed to cover dozens of new cryptocurrencies. The service uses data from hundreds of sources in the crypto space, as the platform announced earlier this month. When it launched in January of last year, it was compiling data from around 15 exchanges. Now it promises users a comprehensive view of the market that can help them optimize their digital asset trading. The service is also targeting traditional financial institutions that want to enter the industry. Last week ICE Data Services tweeted a list of the digital coins that have been included in the data feed so far. Among them are major cryptocurrencies such as bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH) and litecoin (LTC). Totaling almost 60 projects, the list also includes aelf, ardor, augur, cardano, basic attention token, BSV, BTG, bitshares, bytom, cybermiles, crypto.com, dash, decentraland, digibyte, dogecoin, elastos, eos , ethereum classic, gas, gemini dollar, huobi token, icon, iost, kyber network, lisk, metaverse ETP, miota, mithril, monero, nebulas, nem, neo, odyssey, omisego, ontology, paxos, qtum, ripple, siacoin, status, steem dollars, stellar, tenx, theta token, tether, tron, trueusd, usd coin, vechain, verge, waltonchain, zcash, zilliqa, and 0x. Crypto Exchange Coincheck to Sell BSV Holdings Japanese digital asset exchange Coincheck has announced intentions to sell the BSV holdings accumulated as a result of the hard fork of the Bitcoin Cash network in November. The platform plans to convert the coins to fiat money and reimburse its holders with the corresponding amounts in Japanese yen that will be deposited to their trading accounts. Coincheck explained in an announcement quoted by AMB Crypto that the fiat equivalent could be lower than the market price of the coins and noted that a fee will be charged for yen withdrawals. The exchange did not reveal the date and the exact time of the upcoming sale in order to avoid affecting the market price of the currency. It also stated that only BSV funds will be sold. Bitmain Closes Office in Norway Chinese crypto mining giant Bitmain has closed its branch in Norway only a year after its opening. The Beijing-headquartered company has already terminated all its operations in the Scandinavian country and moved its office to Germany, ICO Shock reported, quoting the former Norwegian manager of the company, Julie Hvideberg. According to the executive, the main reason for the move is the revocation of electricity subsidies for mining facilities in the country. In November, the Norwegian government decided that crypto-based data centers should pay the full electricity rates and taxes, unlike traditional data centers. The publication highlights the controversial nature of the decision which attracted a lot of criticism from the power and data industry. Hvideberg, who has already quit her job, believes that in the future major mining pools will be concentrated in China and Russia, where electrical energy is much cheaper. On the backdrop of falling crypto prices, Bitmain closed its Amsterdam office and suspended its operations in a Texas-based mining facility in mid-January. And in December, the company shut down its research and development center in Israel. What are your thoughts on today’s news tidbits? Tell us in the comments section. 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 the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed appeared first on Bitcoin News.

a day ago

Recent Steemit.com Outage Due to DDoS Attack

Steemit.com, the tokenized front-end of the Steem blockchain, recently experienced a 25 minutes outage as the result of sustained distributed denial of service (DDoS) attacks. The outage occurred on March 13th, and users continued to report periodic inaccessibility a day later. An engineering update that was posted on the blockchain Mar. 14th by an official Steemit blog account indicates that there has already been mitigation efforts implemented by the Steemit team and that the situation “appears resolved.” The people behind the attack are still unknown. (JF)

5 days ago

Almost all of the top 20 blockchain projects with the most developer activity on Github are building on Ethereum

One of the key indicators of the health of a network is how much building is going on. [State of the Dapps](https://www.stateofthedapps.com/rankings?sort=dev_30d&order=desc) does a stellar job at capturing different data sets, and one of them is developer activity on Ethereum, EOS, Steem, and xDai. This information is by no means a definitive picture of the blockchain ecosystem, but the data does represent some interesting trends. Here is a list of the top 20 they put together based on activity 🛠️ Status, Cosmos, High Fidelity, ARK, Gnosis, Storj, Origin Protocol, Aragon, Augur, Simple Token/OST, Metamask, eSteem, Decentraland, SingularityNET, OmiseGO, 0x, Neufund, Civil, Raiden Network, Basic Attention Token. For a full breakdown of each project, check out the original article [**here**](https://media.consensys.net/the-20-blockchain-projects-with-the-most-developer-activity-on-github-6e0d6e748b8d).

9 days ago

Crypto Converter OnePageX Adds Support for Privacy Coin PIVX

Privacy coin PIVX (Private Instant Verified Transaction) has been added to crypto converter OnePageX. “Convert DASH, XMR, BTC, LTC, STEEM, and others to PIVX quickly,” stated OnePageX in a tweet. OnePageX supports more than 140 cryptocurrencies and does not require user registrations. Separately, crypto hardware security wallet Trezor announced that it has added support for PIVX in addition to other ERC20 tokens Komodo and NIX on its Trezor One device. The Trezor Model T device added support for XRP as a result of firmware update 2.1.0. (GT)

13 days ago

Electroneum Price Remains Stable as Number of Mobile Miners Increases Sharply

There appears to be a genuine lack of excitement in the cryptocurrency industry as of right now. With none of the main markets effectively making a significant move, there are a lot of uncertain factors to keep an eye on. As far as the Electroneum price is concerned, things are not looking bad or good right now. A status quo ensues, which is often better than unwarranted volatility. Electroneum Price Remains Rather Stable A fair few interesting developments have taken place in the land of Electroneum over the past few weeks. By officially launching the mobile mining app on iOS and Android, as well as joining the GSMA advisory board, a firm step in the right direction has been taken. However, it seems most of these developments have not affected the market value in the slightest. Over the past 24 hours, that status quo hasn’t changed much either. The Electroneum price lost 0.02% in USD value and gained 0.05% in Bitcoin value. As such, the actual price seems to hold its own at $0.006436, or 167 Satoshi without too many problems. These developments are not necessarily inspiring, but still noteworthy. On social media, there is no lack of excitement when it comes to Electroneum. WALLSt is looking forward to the upcoming battle between Electroneum and XRP. It seems this Tweet pertains to the future market valuation of both projects. As such, Electroneum should gain value or XRP will collapse. Either development would be rather intriguing, although the latter seems the most improbable of the two. First it was the battle between of #ETH price vs #BCH NEXT UP #LTC VS #XMR can't wait for #ETN vs #XRP — WALLst (@ETNstylez) March 3, 2019 The launch of the mobile mining application has seemingly gotten a lot of people excited. CryptoMan976 confirms over 15,000 new signups were recorded since the Mobile World Congress 2019 event. With the total now climbing above $130,500, it seems things are looking relatively good for ETN in this regard. #ETN mobile miners up over 15k people since #MWC19 last week. Just wait for the M1 to get in the people's hands! pic.twitter.com/n3jI8N6Swr — CryptoMan976 (@CryptoMan976) March 3, 2019 Crypto Steem Man is one of those people who likes to accumulate large amounts of coins when the markets turn bearish. This approach can usually help bring down the average cost of one’s portfolio, although the potential profit waiting to be pocketed may not be too significant either. I've been accumulating ETN for over a year. Picked up more on this last dip. I didn't see if going lower than 150 Sats so had to go in. It actually didn't go lower than 160 and looks like we are back on the way up. Keep hodling#buythedips#ETN#kingofalts#tothemoon pic.twitter.com/iwfDSvIv31 — Crypto Steem Man (@CryptoSteemMan) March 3, 2019 While the Electroneum value seems to be content with this state of affairs, it seems unlikely no changes should be expected in the future. All of the developments behind the scenes pave the way for interesting price shifts at some point in the future. Reclaiming the $0.007 level will be very difficult right now, although nothing is impossible in the cryptocurrency industry these days. 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. Image(s): Shutterstock.com The post Electroneum Price Remains Stable as Number of Mobile Miners Increases Sharply appeared first on NullTX.

17 days ago

Cinnamon Spices Up Video Streaming With Ripple Tech

Ripple is already synonymous with blockchain-fueled cross-border payments, and now it’s about to disrupt content creation. Cinnamon, a new content platform built on Coil, is thanking Ripple for the upcoming launch of a video streaming service. That could be a big win for XRP’s utility, as the leading cryptocurrency for payments on Coil. Cinnamon spices things up over YouTube by giving content viewers the chance to reward creators, through online micropayments. While details are sparse, Ripple tweeted about the development, saying that the new video streaming service reflects a growing and expanding XRP ecosystem. With JPMorgan entering the crypto fray, it might not be a bad idea for Ripple to broaden its horizons. The #XRP ecosystem continues to grow and expand! Built on the @Coil platform, @CinnamonVideo is the first video streaming platform where content creators are paid directly by their viewers. #Xpring #InternetofValue #blockchain https://t.co/vRdQH79xJb — Ripple (@Ripple) February 21, 2019 In their announcement, the Cinnamon team also gave a nod to web monetization startup Coil, and Interledger, a protocol for payments across blockchains. Interledger was created by Stefan Thomas, a former Ripple CTO who is currently at the helm of Coil, and Evan Schwartz, a software engineer at Ripple who is also the co-inventor of the Interledger Protocol, according to his LinkedIn profile. Cinnamon plans to deliver exclusive content to Coil members in exchange for a fixed subscription fee, according to Coil’s website. Coil’s model differs from YouTube in that content creators are motivated by subscription revenue, not advertisers. So where on YouTube content creators are incentivized with ads, with Coil they can monetize their content in real time with crypto-micropayments. Cinnamon appears to harness both the web-monetization feature from Coil and cross-border nature of the XRP cryptocurrency. Competitive Landscape Cinnamon could be bad news for YouTube, which has suffered creator defections due to the rise of decentralized platforms. This trend has been fueled in part by issues surrounding privacy and censorship on the centralized platform. And while Cinnamon may be challenging YouTube, they are not the first crypto-fueled platform to do so. Steemit is a social blogging platform on which content creators are rewarded with Steem tokens. The decentralized app is built on the Steem blockchain, which boasts 45,000 daily active users and 75,000 monthly active users. Steemit generates approximately 50% of the traffic to the Steem blockchain, with the balance stemming from an expanding ecosystem of Steem-based apps. Dtube is a decentralized video-sharing platform built on the Steem blockchain. They’re an existing alternative to YouTube, but without censorship or advertising. Similar to Cinnamon, content creators are rewarded for popular content with cryptocurrency, only in Steem tokens instead of XRP. Not to be outdone, Brave Software has just announced that users of its web browser can now tip Twitch streamers. Twitch is an Amazon subsidiary on which users create their own entertainment. Cinnamon will provide updates on the launch of the video-streaming platform, which will be in beta format, to those who sign up for email alerts on the website. The author is invested in digital assets, but none mentioned in this article. Join the conversation on Telegram and Twitter! The post Cinnamon Spices Up Video Streaming With Ripple Tech appeared first on Crypto Briefing.

a month ago

Steem / USD Technical Analysis: Struggling Against The Pattern

Steem is bullish in the short-term, although the MACD indicator is showing bearish divergence on the four-hour time frame The medium-term outlook for the cryptocurrency remains bearish despite the recent rally Bulls have much work to do to invalidate the bearish head and shoulders pattern on the daily time frame Steem / USD Short-term price analysis In the short-term, Steem is bullish after the recent rally in the cryptocurrency triggered a large inverted head and shoulders pattern on the four-hour time frame. The MACD indicator on the four-hour time frame is showing bearish MACD divergence, which if corrected, would see the STEEM / USD pair falling back under its 200-period moving average on the mentioned time frame. A downward correction may be nearing as technical indicators are starting to appear overstretched. STEEM / USD H4 Chart (Source: TradingView) Pattern Watch A degree of caution is warranted as the bullish inverted head and shoulders pattern on the four-hour time frame has yet to reach its upside objective. MACD Indicator The MACD indicator is currently showing bearish MACD divergence on the four-hour time frame. Momentum Indicator The Momentum indicator is turning lower as the recent up move is starting to weaken. Steem / USD Medium-term price analysis Steem is bearish in the medium-term, with the recent up move failing to invalidate the large head and shoulders pattern across the daily time frame. The cryptocurrency is trading well below its 200-day moving average; buyers will need to make significant gains to start to trade back above it. Technical indicators are also starting to approach overbought conditions on the daily time frame. STEEM / USD Daily Chart (Source: TradingView) Pattern Watch Traders should watch the head and shoulders pattern for the potential creation of a right-hand shoulder or eventual invalidation of the bearish pattern. MACD Indicator The Momentum indicator on the daily time is still rising with a bullish crossover underway. RSI Indicator The Relative Strength Indicator on the mentioned time frame is turning lower after reaching overbought trading conditions. Conclusion Steem is bullish in the short-term, although the four-hour time frame is signaling that the latest up move has created large amounts of bearish price divergence. STEEM / USD medium-term outlook is likely to remain bearish until we see the cryptocurrency breaking to fresh 2019 trading highs and invalidating the head and shoulders pattern on the daily time frame. [{"date":1519164246000,"value":4.34113,"volume":21412600},{"date":1519251247000,"value":3.81693,"volume":11981200},{"date":1519338246000,"value":3.56583,"volume":7749120},{"date":1519426747000,"value":3.66549,"volume":14231700},{"date":1519513147000,"value":3.46756,"volume":6755070},{"date":1519599547000,"value":3.51703,"volume":4982260},{"date":1519685946000,"value":3.6043,"volume":5233830},{"date":1519772346000,"value":3.51817,"volume":6633820},{"date":1519859346000,"value":3.30042,"volume":4802840},{"date":1519945747000,"value":3.439,"volume":6248880},{"date":1520032447000,"value":3.36258,"volume":6811330},{"date":1520118846000,"value":3.60287,"volume":8579760},{"date":1520205246000,"value":3.53658,"volume":7468240},{"date":1520294346000,"value":3.50506,"volume":7246750},{"date":1520380746000,"value":3.23968,"volume":4678310},{"date":1520467146000,"value":2.77157,"volume":6464230},{"date":1520553546000,"value":2.64931,"volume":4427050},{"date":1520639946000,"value":2.57188,"volume":5228660},{"date":1520726346000,"value":2.39586,"volume":3231450},{"date":1520812746000,"value":2.55359,"volume":4152590},{"date":1520899146000,"value":2.43727,"volume":3170950},{"date":1520985546000,"value":2.49702,"volume":8677410},{"date":1521071946000,"value":2.22768,"volume":14376300},{"date":1521158347000,"value":2.10743,"volume":4759340},{"date":1521244746000,"value":2.05278,"volume":2065890},{"date":1521331146000,"value":1.81936,"volume":1518520},{"date":1521417546000,"value":1.82989,"volume":3499140},{"date":1521503646000,"value":2.03855,"volume":3728730},{"date":1521590046000,"value":2.18185,"volume":7628370},{"date":1521676446000,"value":2.20717,"volume":3120850},{"date":1521762846000,"value":2.12143,"volume":2380000},{"date":1521849546000,"value":1.9678,"volume":3137480},{"date":1521935946000,"value":1.99303,"volume":5871000},{"date":1522022346000,"value":2.01824,"volume":2439650},{"date":1522108146000,"value":1.86586,"volume":2471320},{"date":1522192746000,"value":1.75728,"volume":1604570},{"date":1522279146000,"value":1.916,"volume":2751050},{"date":1522364646000,"value":1.67229,"volume":2244840},{"date":1522451346000,"value":1.54916,"volume":2330330},{"date":1522537747000,"value":1.52642,"volume":1248510},{"date":1522624146000,"value":1.43316,"volume":1036130},{"date":1522710547000,"v

a month ago

Huobi.com Lists XLM, XMR, and STEEM for Trading

HBUS, the operators of U.S. digital asset marketplace Huobi.com, announced today the listing of three new tokens on its exchange for trading. The addition of Stellar Lumens (XLM), Monero (XMR), and Steem (STEEM) brings the total number of tradeable crypto assets on Huobi.com to 15. Additionally, HBUS siad that it will soon release an asset framework "to be more transparent about our listing process." HBUS CEO, Frank Fu said that “We understand the importance of having a versatile marketplace of tokens and plan to continue to list tokens with great utility and versatility.” (RL)

a month ago

Huobi.com lists XLM, XMR, and STEEM for trading

HBUS, the operators of U.S. digital asset marketplace Huobi.com, announced today the listing of three new tokens on its exchange for trading.The post Huobi.com lists XLM, XMR, and STEEM for trading appeared first on The Block.

a month ago

Most of 2017’s Leading Cryptocurrencies by Market Cap Have Crashed Out of the Top 15

Many cryptocurrencies rose and fell during the 2017 bull market and subsequent year of bearish retracement. While the top four crypto assets by market cap have remained the same over the last two years, more than half of the leading markets as of Feb. 19, 2017 have since fallen from the top 15. Also Read: Markets Update: Cryptocurrencies Bullish Following Possible Higher Lows 2017’s Top 4 Markets Retain Their Ranking Today Despite the extreme volatility of the cryptocurrency markets over the last two years, the top four ranked by market cap has not changed. BTC has grown from a $16.5 billion market as of Feb. 19, 2017 to $65.29 billion today, with the price rising 252% from nearly $1,050 to $3,700 in 24 months. ETH recently reclaimed its rank as the second largest market by capitalization, with ethereum’s market cap rising from almost $1.14 billion to over $14.36 billion over the last two years. The price of a single ETH has risen 1,030% from $12.76 to roughly $144 on Feb. 18, 2019. XRP comprises the third largest crypto asset, with a market cap that has risen from nearly $218 million during Feb. 2017 to $12.69 billion today. Of the leading markets, ripple has generated the largest price gains, rising approximately 5,150% from $0.0059 to $0.31 in two years. A recent rally has seen LTC reclaim the fourth largest cryptocurrency capitalization, which has grown from roughly $187.6 million two years ago to $2.67 billion today. The price of litecoin has gained 1,100% from $3.76 to $45. Monero, Dash, and Ethereum Classic Fall From Top 10 As of Feb. 18, 2017, XMR comprised the fifth largest cryptocurrency with a market cap of $181.24 million, with a single monero trading for $12.99. Monero now comprises the 13th largest market with a capitalization of $818 million and has seen a two-year price gain of roughly 285%, with XMR currently trading for nearly $50 each. In two years, dash has fallen from sixth with a market cap of $160.34 million to rank 15th with a market cap of $697.44 million today. The price of dash has gained 266% from $22.55 on Feb. 19th, 2017, to $82.50 as of this writing. ETC was the seventh ranked cryptocurrency with a market cap of $108.83 million 24 months ago as ethereum classic traded for $1.22 each. Today, ETC is the 18th largest crypto asset with a capitalization of $220.25 million and is trading for approximately $4.20, up 244% from early 2017. MAID and ICN Produce 24-Month Price Drop While the top seven markets by capitalization of two years ago have since posted triple figure or greater returns, several of 2017’s top-ranked markets are now priced lower than they were 24 months ago. Two years ago, maidsafecoin was trading for $0.19 and ranked eighth by market cap with a capitalization of nearly $86.43 million. Since then, the price MAID has fallen 37% to currently trade for less $0.12 and is ranked 69th with a market cap of $53.46 million. Nem has fallen from being the ninth ranked crypto asset with a market cap of approximately $57.17 million to currently comprise the 19th largest cryptocurrency with a capitalization of $373.63 million. Despite sliding in market cap ranking, the price of XEM has risen from roughly $0.0063 two years ago to more than $0.042 today, a 566% gain in 24 months. The 10th largest cryptocurrency as of Feb. 19th, 2017, augur, now comprises the 35th ranked market by capitalization, despite augur’s market cap growing from $57.09 million to $152.59 million. The price of REP has gained 169% from $5.19 to $13.95 in the past two years. Of 2017’s leading markets, iconomi has produced the greatest decline in market cap, falling from the 11th largest crypto asset with a capitalization of more than $30.21 million to currently comprise the 198th ranked cryptocurrency with a market cap of $12.9 million. The price of ICN has also fallen 74% from nearly $0.35 to $0.09. Tether Is the Sole Cryptocurrency to Ascend Market Cap Rankings Since 2017 Despite sliding from ranking 12th by market cap to 70th, factom has seen a significant gain in price and market cap. In 24 months, factom has grown from $28.67 million to $52.88 million, while the price of FCT has gained 83% from $3.28 to roughly $6. In two years, steem has gone from the 13th largest crypto asset with a capitalization of $27.92 million to 48th with $102.40 million. The price of steem has gained 167% from $0.12 to over $0.32 today. Since February 2017, tether is the only cryptocurrency to have ascended in market cap ranking, moving from 14th with a capitalization of $24.95 million to rank 7th with a market cap of nearly $2.03 billion. As of Feb. 19, 2017, waves was the 15th ranked crypto asset with a capitalization of $24.09 million and was trading for $0.24 each. Two years later, waves is ranked 21st with a market cap of nearly $268 million and is trading for $2.68 after generating a 1,015% price gain in 24 months. How many of the current leading markets do you expect will retain a top ranking by market cap i

a month ago

Will Valentine’s Day End in Heartbreak for Bitcoin Bulls?

The cryptocurrency market held above $120 billion heading into Thursday evening, but could Bitcoin be setting up investors for a post-Valentine’s Day heartbreak? Bitcoin and the rest of the top 5 cryptocurrencies had a pretty boring 24-hour period. The notable moves happened at the opposite end of the market cap spectrum, with Steem gaining 3% and NEM, 2%. Of the top 10 non-stablecoins, only Bitcoin Cash saw any positive movement, with a less than 0.2% global gain. As we reported earlier today, Bitcoin SV is now available for withdrawal at Coinbase. In a related note, Waves Platform is making Bitcoin The post Will Valentine’s Day End in Heartbreak for Bitcoin Bulls? appeared first on CCN

a month ago

Rising Blockchain Magazine Ranks Ethereum The Second Best Blockchain Protocol; Bitcoin Fails to Make the List

The most recent issue of Rising Blockchain magazine listed the top 10 blockchain protocols and per the editors' opinions, Bitcoin is not one of them. The editors stated that they mentioned the chains of projects they believe would 'bring change to the world in 2019 faster than other protocols.' The leading chain is Graphene, which underpins EOS, Steem, and Bitshares. The magazine also noted that CCN is the most-visited blockchain news website, exceeding Coindesk by not less than 200,000 readers per month. (KE)

a month ago

EOS Boasts the Highest Number of dApps Out of the Top 50

Weiss Ratings has pointed out that the EOS blockchain is the most popular platform for decentralized apps (dApps) among the top 50 dApps. Ethereum, meanwhile, has the fewest. According to Weiss Ratings, the breakdown is as follows: EOS at 26, Tron at 21, and Ethereum at 3. The highest ranking dApps on DappRadar based on the number of users in the last 24-hour period include PRA CandyBox on EOS, PLAY GOC on Tron, and EOS Knights on EOS. One follower whose handle is Mr. Crypto Lemon replied to Weiss Ratings on Twitter, reminding them about the Steem ecosystem, whose Steem Monsters and Steemit dApps boast some 2,000 and 5,000 daily users, respectively. (GT)

a month ago

Steemit to Fund a Worker Proposal System Built by Blocktrades Team

Steemit, which is a decentralized app on the Steem blockchain, announced it will provide the funding for Blocktrades to build a Steem Proposal System. The Steem Proposal System will be similar to that of Bitshares, which allocates funds stored in a reserve pool. Steemit will provide $55,000 worth of STEEM tokens in monthly payments to Blocktrades. The project is expected to take two months to complete and involves a hardfork. Proposal funding is expected to come from an “author rewards pool...especially as a lot of author rewards now go to software development posts that would be able to receive funding more efficiently through a worker proposal,” according to the announcement. Steemit plans to slash the inflation paid to author rewards by 11% to 41% and redirect the difference to fund worker proposals. (GT)

a month ago

E-Commerce Platform Adopts Bitcoin, XRP, Ethereum, Litecoin and Bitcoin Cash As Brazilian Movie Theater Goes Crypto

Spanish fintech company PaynoPain has developed a new payment platform to integrate cryptocurrency payments for online shoppers. E-commerce websites will be able to integrate the platform and allow customers to make payments in Bitcoin (BTC), XRP, Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), XEM, STEEM and Steem Dollar (SBD). The new platform will launch through the […]

2 months ago

Daily Berminal Brief: Crypto Market Sees Downward Pressure on Sunday

The overall crypto market has been on a slight downward trajectory for most of Sunday, with the total market cap decreasing from $116 billion to its current level of $113.7 billion. The price of Bitcoin has declined by 1.08% over the past 24-hours and currently trades at $3,467, while XRP has declined 2.17% and currently trades at $0.302157. Out of the top 100 coins, the best performer over the past 24-hours has been Steem (STEEM), currently up 5.87% and trading at a price of $0.301837. Bitcoin dominance currently sits at 53.4%. (JF)

2 months ago

Binance CEO Says Blockchain Gaming has Huge Potential

Binance CEO Changpeng Zhao (CZ) recently said that “Gaming is a not-so-small industry yet to be tokenized. Fast or slow, it will happen” and this shows that the exchange CEO is keen on the potential of blockchain-based gaming. CZ also mentioned that a dApp-based game called Steem Monsters will accept Binance Token (BNB) on its platform and currently the game hosts more than 2,000 daily players in live PVP combat. The tokenization of the gaming industry is expected to revolutionize the gaming sector and the use of universally exchangeable, platform agnostic tokens for in-game purchases could be the push the crypto-market needs to break out of its current bear cycle. (RS)

2 months ago

Mobile Steemwallet Adds In-App Payment Feature in Latest Update

Steemwallet, which is an open-source mobile wallet for the Steem blockchain, has an update. The wallet was launched four months ago, since which time it has had a single bug-fix-related update. The latest version offers an in-app payment feature. It was in review for four-weeks in the App Store before finally being released today. A new “create account” button starts the process for the payment app, the cost for which is 3 Steem tokens, which is worth about 3.49 EUR/3.99 USD. Other new features include an API-node switcher as well as the option to switch themes from bright light to dark mode, etc. There is also a multi-currency counter-value switcher. Previously, Steem and the Steem Dollar tokens could only be denoted in USD. (GT)

2 months ago

Steemit Hires a New Managing Director After Recent Layoffs

After laying off nearly 70 percent of its staff, Steemit has announced that Elizabeth Powell will become the blockchain startup’s new managing director. The crypto-startup which once reigned as the primary decentralized alternative to Reddit lost more than 93 percent of its value over 2018. In a post published on Steemit’s Medium page, Powell explained that her primary focus will be to stick to the roadmap, “focus on increasing ad revenues [and] protecting STEEM assets’ value and cost reductions.” Currently, Steemit has more than one million registered users and the platform was meant to function as a censorship-free alternative to Reddit. Users are compensated for their participation in the Steemit ecosystem and the lack of token appreciation has been linked to the fact that those participating in the Steemit ecosystem feel that the compensation is not worth the time. At the time of writing, STEEM is up 0.49% and the price is $0.4011. (RS)

2 months ago

Steem Chugs Along, Gains 31% in 30 Days

Steem, which is a social network built on the blockchain, has advanced by double-digits in the last 24 hours while the broader crypto market trades in the red. Steem is up 15% to $0.38 on trading volume of $11.7 million. Over the past 30 days, Steem’s value has increased by 31%. Most of the volume is unfolding on crypto exchanges UPbit and Binance in the KRW and BTC markets, respectively. Steem has been gaining momentum since year-end 2018 as a platform for decentralized apps (dApps) across categories such as social, media and gambling. They attract content by paying contributors in crypto including the Steem coin. The Steem project was also in the center of a recent controversy surrounding a ban on a content creator on the platform. (GT)

2 months ago

Ethereum [ETH], EOS, Tron [TRX] and Steem’s Dapp performance over the year 2018

Dapp.com’s “2018 Dapp Market Report” provides insight into four mainstream blockchains; Ethereum [ETH], EOS, Tron [TRX] and Steem [STEEM]. The report dwells deep into the contribution of each of the aforementioned blockchains in DEX and Dapps ecosystems and also gives an overview of the individual markets. In 2018, Dapps flourished and reached their peak and the report calls it “Dapp Movement” even though the bear market had struck every cryptocurrency down. Over the year, a total of $6.7 billion in revenue was generated through these Dapps. DEX [Decentralized Exchanges] also became a core contributor to the Dapp market, as the report mentions that 40% of the total transaction volume for Dapps came from DEX. The report mentions that a total of 1,423 Dapps were developed at the end of 2018, of which, 1,045 belonged to Ethereum’s blockchain, 235 came from EOS’ blockchain, 97 from Tron, and 46 from Steem. The total volume of transactions of all these Dapps in conjunction came up to $6.73 billion and DEX contributed a total of $2.61 billion. Annual Dapp Summary Ethereum EOS Tron Steem Dapps: 1045 Dapps: 235 Dapps: 97 Dapps: 46 Total Active Users: 797,153 Total Active Users: 171,170 Users: 71,832 Users: 386,772 Transactions: 20,868,975 Transactions: 107,161,794 Transaction: 98,496,106 Transaction: 52,860,766 Volume: 4,998,320 ETH Volume: 939,209,910 EOS Volume: 36,394,015,674 TRX Volume: 7,471,405 Ethereum blockchain generated a total of $2.66 billion from 1045 Dapps in the year 2018 and 78% of the volume came from DEX. EOS, on the other hand, generated a total of $3.45 billion from a total of 235 Dapps and 75% of its volume came from betting apps. Tron generated $605 million from 97 apps and 98% of the total volume came from betting as well. Steem, however, generated $6.42 million from 46 Dapps. From the above, one can conclude that while the Ethereum blockchain ecosystem saw the most number of Dapps, it certainly wasn’t the one to generate the most volume. EOS blockchain had significantly lesser Dapps but generated the most volume from these Dapps. EOS was the one to generate the most volume from these Dapps, which was followed by Ethereum, Tron, and Seem. Q4 Dapp Summary A total of 258 Dapps were developed in Q4 of 2018 and these Dapps, put together contributed to a cumulative transaction volume of $2.96 billion. The 258 Dapps had a total of 211,358 users and EOS ranked the first in terms of the number of users, as it had a 69% contribution. EOS was followed by TRX as it contributed 17% of the total number of users, ETH had 13%, while Steem had a mere 1%. In terms of total transactions, EOS and TRX contributed 50% of the transactions each, while ETH did not make it to the list. EOS topped again in terms of volume as it contributed a total of 79% of the $2.96 billion, while TRX contributed 20% and ETH had a 1% contribution. Although Ethereum blockchain seems to have the most number of Dapps it should be noted that Ethereum had the first-mover advantage and Ethereum main net was launched on July 30, 2015. EOS main net was launched on June 9, 2018, Tron’s on June 25, 2018, and Steem’s main net was launched on March 24, 2016. The post Ethereum [ETH], EOS, Tron [TRX] and Steem’s Dapp performance over the year 2018 appeared first on AMBCrypto.

2 months ago

CoinGecko Yearly Report 2018: Stablecoins, Dapps, and NFTs on the Rise, Bitcoin Increases Market Dominance

CoinGecko published on January 15th its 2018 yearly crypto report. The 83 pages document provided valuable insights covering the downtrend that spanned around the last year, and its implications on the market. It featured 13 chapters and one Appendix section, summarizing all things crypto in 2018, from market dynamics and crypto exchanges to hacks and crypto theft that took place during the year. The remaining chapters focused on the rise of stable coins, the Bitcoin Cash split, along with analysis and commentary on relevant data gleaned about projects that have successfully launched ICOs in 2018, and the way that data had changed compared to the previous year. 2018 Crypto Market Dynamics and Crypto Exchanges The report crunched the numbers on last years sharp price decline seen in most crypto assets and estimated -78.85% to be the total cryptocurrency market capitalization drop in 2018. This was based on the top 30 cryptocurrencies by market cap. The document, however, stated that despite the downturn, trading volumes remained consistent throughout 2018. This has been explained by the increase in the number of exchanges and exchanges conducting trans-fee mining. A special emphasis was given to the serious decline in total market cap recorded towards the end of November before the slight recovery around mid-December. In fact, the total loss in value in Q4 alone was assessed at 44.25% according to the document. Nevertheless, Q4 allegedly saw a slight increase in trading volumes. CoinGecko gave a rundown on the 2018 returns of the Top 5 cryptocurrencies, which all recorded negative yields. According to the numbers put forth by the research, Bitcoin Cash was proven to be the top losing coin with 93% loss of its market valuation. On the other hand, the price of Bitcoin declined by 73%, Ether by 82%, Ripple’s XRP by 84% and EOS (the most volatile coin among the top 5 crypto assets) declined by 66%. Furthermore, Bitcoin dominance increased from 40% at the beginning of 2018 to 55% by December 31st. Interestingly, the controversial stable coin Tether ended the year as the 7th largest crypto asset. In fact, the document reported a significant increase in stable coins making it to the list of top 100 coins. Under the Crypto Exchanges Chapter, and based on the reported volumes from the exchanges themselves, CoinGecko gave a list of the top 30 exchanges by median trading volumes. Bithumb, ZB.com, and Binance topped the list while Purcow exchange was ranked as 30th. A closer look into the trading volumes recorded revealed that the rise and fall of trans-fee mining exchanges benefited the market around Q3 of 2018 when such exchanges were first introduced and subsequently surged in popularity making up 60% of the total trading volumes through up to Q4. Major Events Affecting the Market in 2018 The report gave an overview of the major events that had far-reaching consequences on the market in 2018 and published a full list of those events and related news articles in the Appendix section. The incidents were split among Global News and Regulatory Headlines, where CoinGecko produced a thorough report on most of what happened in the market during the last year. The document organized hacks and theft incidents in 2018 into a timeline of “crypto thefts.” It gave an estimate of $867.45 million in lost funds. According to the reported data, the total losses in 2018 alone represent over 50% of all the losses recorded in the previous years combined (Total losses since “crypto beginning”: $1.516 billion) Researching the ICO Landscape, CoinGecko reported a whopping 67.91% decrease in the “Average Token Return” among the 943 projects that successfully completed their ICO fundraising. In fact, a total of 1941 projects attempted to launch an ICO in 2018 as compared to 913 in 2017, with a slightly better success rate of 48.58% in 2018 (47.65% in 2017). The total amount raised by those projects was calculated at 16.5 billion, 3 times more than the previous year (5.6 billion in 2017). The report claims that reaching the hard cap has proved particularly challenging for most ICO projects in 2018. In fact, the percentage of projects that completed their offering and reached their hard cap dropped from over 53.32% at the start of the year to 10.42% in December 2018. The document explained the reasons behind that as stemming from a deteriorating investment sentiment, the increase in government regulations targeting ICO offerings, and the sharp fall in Bitcoin and Ether prices. 2018: The Year of Stable Coins The document defined a stable coin as a digital asset aiming to offer price stability to the market by means of mirroring the value of fiat currencies or other physical assets/commodities. In fact, by mitigating cryptocurrencies volatility, stable coins could represent an excellent means of value exchange. CoinGecko reported that the top 5 stable coins by market cap are all pegged to the US dollar value. Besides, 2018 was the year that saw

2 months ago

Steemit Social Network Bans Users Amid Censorship Resistance

TL; DR Steemit bans user account ‘thedarklord’ for attempting to leak documents exposing ‘truths’ about 9/11 The decision to censor account is faced with a backlash from users who claim Steemit went against their core value proposition to be censorship resistant and promote free speech Steemit blockchain utilizes a proof of stake consensus protocol, which naturally makes it prone to centralized decision making As we’ve discussed in the past, one of the most advertised benefits of the blockchain is its ability to prevent government censorship or any censorship from centralized organizations. To that end, many saw Steemit as the solution to the growing abuse of power by platforms like Facebook Google and Twitter, who time and time again have bowed down to the will of advertisers by censoring any user who shared even mildly controversial content. Steemit, a decentralized social network promoted itself as being the censorship-resistant alternative to Facebook. According to recent reports, it appears that the platform has failed to uphold this core value proposition. 9/11 conspiracies violate Steemit’s ‘terms of service’ ‘Thedarkoverlord’ is an account that belongs to a hacker group that has been trying to publish leaked documents that they claim expose hidden ‘truths’ about 9/11. The group had previously tried to publish the documents on centralized platforms like Pastebin, Reddit, and Twitter. Predictably, those platforms all banned their accounts (apparently due to pressure from Government agencies). Seeing as how they would never get their content published on centralized social media sites, the group thought that they would try their luck on a decentralized platform like Steemit. To their surprise, Steemit also banned them on January 7th due to a TOS violation. The ban action itself wad made by Steemit developer RedBeard and can be seen on Steemit GitHub account. RedBeard added thedarkoverlord username into a list that is located on a file called GDPRUserList. Source: Github print screen Whether or not you agree with the methods by which this group attained and has threatened to expose this information, the fact remains that according to Steemit’s original promise to uphold censorship resistance, thedarkoverlord account should be entirely free to publish their findings without being banned. User ban contradicts Steemit’s promises in the original white paper To clarify, thedarkoverlord was only banned from the front-end interface to the Steemit Blockchain, meaning that although his content can no longer be viewed on the Steemit website, it can be seen on other front end interfaces connected to the Steem blockchain, like Busy.org. This in no way excuses the fact that Steemit has blatantly gone against the promises made in their original white paper: “Steem is a decentralized network that is operated by witnesses in jurisdictions around the world. All user actions are publicly recorded on the blockchain, and can be publicly verified. This means that there is no single entity that can censor content that is valued by STEEM holders.” As one would expect, Steemit users were angered by the censorship and expressed their grievances on Reddit and on the Github commit page as well. How was censorship possible on a ‘decentralized’ social media platform? Although Steem claims to be a decentralized platform, the reality is that their consensus protocol is much more prone to centralization than truly decentralized Blockchains like Bitcoin. Steemit’s use of the proof of stake consensus protocol exposes them to situations where specific stakeholders can make decisions without full consensus from the community. This is a flaw that other proof of stake Blockchains like Ethereum are also exposed to. We are not sure if the decision to ban thedarklord was made by a Steemit user (or group of users) who staked a disproportionate amount of Steem tokens compared to other delegates. However, the rules of proof of stake most certainly allow for such a scenario to occur, which compromises the entire value proposition of Steem as a censorship resistance social media platform. Ultimately, Steemit may have to make some drastic changes to their protocol and terms of service to regain users trust. As the market sentiment around cryptocurrencies remains bearish, Altcoins like Steemit don’t need any more reasons for their remaining holders to dump them. The post Steemit Social Network Bans Users Amid Censorship Resistance appeared first on CryptoPotato.

2 months ago

Immutability Questioned After Steemit Blog Bans 9/11 Blackmailer’s Account

The blockchain-powered blogging platform Steemit is being accused of centralization and censorship. On Jan. 7, 2019, the hacker group The Dark Overlord had its account banned from Steemit by a developer known as ‘Jredbeard’ for violating the company’s terms of service agreement. Also Read: Developer Releases Cash-DB, a Terab Project Fork for the BCH Network Steemit Bans 9/11 Whistleblower Account On Dec. 21, 2018, a hacker group known as the Dark Overlords threatened to dump classified insurance files that are allegedly related to the 9/11 attacks on the World Trade Center buildings. The hackers told the public that the files were taken from major global insurers like Lloyds of London and Hiscox Group. The Dark Overlord’s announcement also included a demand for $2 million in bitcoins for a 10GB archive of files, according to the Pastebin post, which has since been scrubbed from the Internet. According to the publication Motherboard and a spokesperson for the law firm Hiscox Group, the files were stolen and likely did pertain to the 9/11 attacks. Since the group distributed this information across the web and made international headlines, The Dark Overlord’s social media accounts were targeted and the hacker group was deplatformed from sites like Reddit and Twitter. After the wide range of censorship, on Jan. 2 The Dark Overlord explained in another Pastebin announcement that they would be dumping the data on the Steem blockchain. The Dark Overlord’s message on Pastebin explains the group planned on using the Steem blockchain before the account was banned on Jan. 7. However, it seems publishing classified 9/11 data is not looked upon favorably by those who run Steemit. On Jan. 7, 2019, the Steemit Github repository shows the developer known as ‘Jredbeard’ appended the account ‘thedarkoverlord’ to the protocol’s ‘GDPRUserList.js’ section. Essentially this means the account was banned from using the website for violating Steemit’s terms of service (ToS) agreement. The action has also infuriated some members of the Steemit community as posts about the subject can be seen on the project’s Reddit page r/steemit. One particular post exclaimed: Steemit has censored the account of the Dark Overlords!! What was the point, Steemit? Cryptocurrency enthusiasts upset over the account ban on the Steemit website. Uncensorable Blockchain Platforms Exist Memo.cash is an uncensorable platform like Twitter. Interestingly enough, some Steemit proponents defended the action and explained how The Dark Overlord account was only banned from the official Steemit website, noting that the group’s posts could still be seen on alternative sites like Busy.org. Moreover, other cryptocurrency community members discussed other blockchain services that would help The Dark Overlord dump the data in a truly immutable fashion. The hacker group could hypothetically utilize platforms like Memo.cash and Bitcoinfiles.com to communicate to the public and dump classified files without the risk of takedown. For instance, Memo acts like Twitter but every action is recorded into the Bitcoin Cash (BCH) blockchain. The posts cannot be taken down after they are etched into the BCH chain and one individual even started recording every verse in the King James Bible into the blockchain. Another example of a tool that could help whistleblowers is the Bitcoinfiles protocol developed by the BCH programmers James Cramer, Attila Aros, and Hapticpilot. Users can upload and download files from the platform Bitcoinfiles which tethers uploads to the BCH chain and IPFS. Bitcoinfiles is a file-sharing platform that allows anyone to upload any type of media file to both the Inter-Planetary File System (IPFS) protocol and the Bitcoin Cash blockchain. Once the files are recorded into the chain they can be shared widely and found easily using a blockchain explorer or queried on the Bitdb network. There is no developer or arbitrary individual who can delete the files once they are appended to the network and IPFS files tied to the BCH chain can be shared with anyone in the world using a simple URI. Over the last year, deplatforming and censorship have continued to increase, but cryptocurrency and blockchain advocates believe it should not happen on their turf. It is obvious that centralized entities on the web will persist and suppress dissident voices and whistleblowers. As a result, blockchain applications that fight against this behavior will be welcomed with open arms by those who cherish the ability to speak freely. What do you think about the hacker group The Dark Overlord being removed from the Steemit website? What media sharing platforms would you recommend that record immutable data onchain? Let us know what you think about this subject in the comments section below. Images via Shutterstock, Memo.cash, Bitcoinfiles.com, and Steemit. At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even

2 months ago

Dark Overlord Group: Keep the Bitcoin flowing, We’ll Keep the Truth Flowing

The Dark Overlord hacker group who last week grabbed headlines when it announced it was prepared to share 9/11 secrets in exchange for Bitcoin has released a second cache of information. The self-proclaimed “financially motivated” cyber criminals have also stated that they will continue to release more “layers” of information as they receive money from the public. Following the leak of the first group of documents from Dark Overlord, social media accounts associated with the hackers were shut down. Surprisingly, given the cryptocurrency community’s penchant for censorship resistance, one of these was blockchain-based social media application Steemit. Bitcoin Donations: “Cyber Cash for Cyber Cache” Last week, the Dark Overlord hacker group demanded a ransom of an unspecified amount to stop the release of documents relating to the September 11 terrorist attack in New York City in 2001. However, after failing to receive said ransom, the group requested Bitcoin donations from the public. It said it would release the documents gradually as certain financial milestones were reached. It released layer one over the weekend after it was paid $12,000 in the cryptocurrency. Although the second funding target has yet to be reached, the group released “layer 2” of the cache today. So far, the documents have not contained any particularly damning evidence. They are largely composed of insurance correspondence about who the affected parties could claim damages from. There is some discussion of whether then-President George W. Bush could have known about the attacks before they happened and the potential involvement of the Saudi Royal family. However, sections referencing such details are speculative and provide nothing in the way of evidence. In an effort to silence the Dark Overlord group, several social media sites have banned accounts linked to the hackers. These include Reddit, Pastebin, Twitter, and Steemit. DarkOverlord's account on @steemit has also been deleted. So much for centralization. However his posts have been recorded on the #steem blockchain, and those posts are accessible via other apps running on the Steem blockchain like @PartikoTeam - just download their app pic.twitter.com/zQQTgFCkfN — wethepeople (@armyofpeople) January 8, 2019 Blockchain-based Steemit came under particularly intense fire for terminating their services to the group: 9/11 Papers Hacker Banned from Steemit. https://t.co/eTVnQzewca This is terrible. Exactly what blockchain is supposed to prevent. I don't want anyone... ANYONE, to tell me what I may or may not view. Shame on you @steemit This is a huge mistake! — Bitcoin Dood (@BitcoinDood) January 8, 2019 Although members of the cryptocurrency community took issue with the company’s decision to ban Dark Overlord, the files themselves are still available to view via other sites interacting with the Steem blockchain, such as Busy.org. The group continues to use Busy.org to post to the Steem blockchain. In today’s message it promised to deliver additional secrets when it receives more Bitcoin. The next layer of the three more apparently coming was teased at the bottom of the public disclosure. Dark Overlord claims to have an additional 8,279 files relating to the terrorist atrocity at the turn of the century. The figure in Bitcoin for the disclosure of the third instalment was not mentioned, but the ultimate stated goal of Dark Overlord is to raise $2 million for all parts of its “megaleak”, referred to by the group as “the 9/11 Papers.” This is not the first time Dark Overlord has demanded a payment in Bitcoin to stop the release of data. In 2017, NewsBTC reported on the story of the demanding payment of 50 Bitcoin (then around £60,000) to not leak ten episodes of the popular Netflix original show Orange is the New Black. After the demand was not met, the group release the stolen media online. Related Reading: Ryuk Ransomware Targets Businesses with Bitcoin Demands, Links to North Korea? Featured Image from Shutterstock. The post Dark Overlord Group: Keep the Bitcoin flowing, We’ll Keep the Truth Flowing appeared first on NewsBTC.

2 months ago

Steemit censura usuário do caso hacker 11/09

Por: Livecoins Uma polêmica atingiu a rede social Steemit no último dia 07 de janeiro, que deixou a comunidade cripto revoltada com o caso. Um grupo hacker anunciou a poucos dias que iria revelar a verdade sobre o 11/09 e os atentados sofridos pelos EUA na data, a menos que recebessem Bitcoin como pagamento. O fato foi noticiado no Livecoins no último dia 02 de janeiro. Porém, ao ganhar as notícias mundiais e também as manchetes dentro do Steemit, o grupo hacker Dark Overlord viu suas mensagens no pastebin serem apagadas, e também perfis de redes sociais. Um deles, o da Steemit. No Reddit, a postagem feita e o usuário do grupo também foram excluídas pelos administradores da rede social. O Twitter também foi acionado pelo governo dos EUA para banir o grupo de suas dependências. Fonte: https://cryptoslate.com/steemit-censoring-users-immutable-blockchain-social-media/ A rede social Steemit é uma das escolhas da comunidade cripto que quer sair dos ambientes de extrema vigilância e censura como Twitter e Facebook, além de utilizar a blockchain para salvar os textos dos usuários de forma definitiva, e possuir a altcoin Steem para transações. O grupo, “inocentemente” havia postado no pastebin que iria aderir às postagens na rede Steemit após problemas com outras plataformas, pois, com o caráter descentralizado e utilizando a blockchain evitariam a censura sobre seus conteúdos. Fonte: https://cryptoslate.com/steemit-censoring-users-immutable-blockchain-social-media/ O detalhe que nem os hackers esperavam, é que no dia 07 de janeiro seu perfil thedarkoverlord seria banido da rede, fato consumado pelo outro user jredbeard, e que ocorreu devido a violações do Termo de Uso. O usuário banido já foi inserido em uma lista dos banidos da Steemit. A rede social foi então atacada pela comunidade cripto mundial, que até então confiava que o ambiente era “privado”, chegando a ser chamada de “porcaria” de rede e a Steem de shitcoin por usuários do Reddit. Dentro da própria rede social os usuários atacaram a censura, e em um post do perfil the-bitcoin-dood, o mesmo deixou claro que a rede “está tocando em um ponto dolorido”. O que mais choca a comunidade mundial com este fato, é que no whitepaper do projeto ficou claro que a rede deveria ser descentralizada, e que não existiria uma entidade para censurar conteúdos dos detentores da Steem. Outro trecho do whitepaper é justamente o combustível da polêmica, pois, fala que “A liberdade de expressão é a base de todas as outras liberdades e qualquer infração à liberdade de expressão enfraquece os únicos meios pacíficos de chegar a um consenso: a discussão”. O grupo hacker, sem considerar se estava certo ou errado em suas ações, pode ter saído desta como vítima, pois, para uma rede social que se propunha a ser livre, a Steemit criou uma discussão que está longe do fim. O artigo Steemit censura usuário do caso hacker 11/09 apareceu primeiro em Livecoins.

2 months ago

The 9/11 Papers Hacker Group has been Banned from Steemit

Open-source blockchain platform, Steemit, has banned a hacker group called TheDarkOverlord for using its platform to threaten the release of what it says is a trove of damning evidence connected to the September 11th (9/11) attacks unless its $2 million ransom demands are met with a Bitcoin payment. Previously the group was banned from Twitter and the group claims to have obtained the documents by hacking several insurance agencies. Steemit.com has banned the group for Terms of Service violation and GDPR reasons but the group cannot be blocked from using the actual Steem blockchain. Projects simply build their product on top of Steem blockchain and this means that TheDarkOverlord can still post content on other these dApps and the group can still access their wallet. For example, a Steemit clone called Busy.org continues to display content from the group and if the group chooses to publish the 9/11 documents viewers will be able to access them there. (RS)

2 months ago

Steem DApp Growth Exceeded EOS Last Month

Few blockchain platforms would even dream of a 4,600% increase in their number of dApps. But the decentralized sharing network Steem (STEEM) now has those bragging rights, for last month anyway. More than forty decentralized apps - dApps - went live on the Steem platform in December, up from only one that went online the month before. Data collected by the blockchain statistics site, State of the ÐApps, found 46 new dApps online last month. Social features formed the lion’s share, but there were also ten new media dApps as well as a handful of gambling games. Steem is a content platform that pays creators and curators in cryptocurrency. There are three different types of tokens: Steem Dollars (SBD), a USD-stablecoin, STEEM tokens and Steem Power. STEEM tokens, tradeable on exchanges, are rewarded to creators and curators. STEEM tokens were one of the big winners in the market today. Individual tokens are up by 6.2% in the past 24 hours, according to CryptoCompare. There has also been a significant increase in trading volume today, with more than $2.5M worth of STEEM tokens changing hands earlier this afternoon (GMT). 2019: The year of dApp development The good news isn’t just restricted to Steem. December was a record high for the number of dApps live on blockchain platforms featured on State of the ÐApps. In total, 179 new decentralized applications went online in December, up from the 141 in November. Ethereum (ETH) saw the biggest increase with 105 new dApps added to its network; 40 were online gambling features. Via State of the dApps Industry figures suggest this is a promising sign cryptocurrency is moving away from price speculation and towards concerted efforts to develop practical use-cases. Vladislav Dramaliev, Head of Digital Marketing at æternity, believes it also indicates that the community is alive and well. “The current proliferation of decentralized apps is proof that this community movement is alive and well,” Dramaliev wrote in an email to Crypto Briefing. “This movement has seen users abandon the trading desks in favor of coding terminals, as they seek to influence the direction of blockchain projects...2019 is expected to be the year of the commercially successful decentralized app, and with the number that are being developed every day, this is looking more and more likely.” Echoing similar sentiments, Robert Vigilione, the President and co-founder of Horizen, said the increase in dApp development activity meant cryptocurrency was maturing. He said: “We have the basics maturing to a point that we can now have more viable services, and hence, we saw exactly such a proliferation at the end of 2018. Expect 2019 to be a year of continued dApp development as they take advantage of improving infrastructure and a rapidly-growing marketplace.” Steem dApp growth beat EOS EOS saw 26 dApps added to its platform, a little better than it did in both November and October and down from its all-time high of the 56 that went online in September. There were 20 fewer dApps added to EOS than Steem in December. However, EOS handily beat Steem and every other platform in the number of users. EOS dApps have over 45,000 users per day, more than double the number of the next runner up, Ethereum, with 17,000. A decentralized restaurant review and a travel blogging and advice platform, as well as a polling application, were among some of the new dApps added to Steem. A decentralized adult content website, Dporn, went live at the weekend, in the first week of the new year. Steem has had its problems. Its flagship feature, the online blog site Steemit, faced criticism last year for becoming a hub for ICO hypers and scammers. Poor user experience led to a drop in active users and a corresponding decline in the value of Steem tokens. Steem’s new year’s resolution could be to diversify. Rather than depending too much on one ‘killer dApp,’ the platform can have its basis covered with an aggressive application expansion. Whether it will continue to outpace EOS remains uncertain. But on another note: Dan Larimer was formerly CTO and ‘visionary’ for Steemit before jumping ship to EOS’ lead developer, Block.One, in April 2017. Did he back the right horse? The author is invested in digital assets, including ETH which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Steem DApp Growth Exceeded EOS Last Month appeared first on Crypto Briefing.

2 months ago

Steemit.com bans a hacking group for violating its terms of service

Steemit.com, the most prominent Steem interface, banned a hacking group for violating the site’s Terms of Service. The hacking group, which goes by the name of ‘The Dark Overlord’, posted a message detailing an intention to leak several sensitive documents relevant to the September 11 attacks that the group allegedly hacked. According to Motherboard, ‘The Dark Overlord’ claims to have stolen the documents from different insurers and legal firms including Hiscox Syndicates, Lloyds of London, and Silverstein Properties. Steem is a platform used primarily for blogging that uses Steem blockchain to host posts and comments. In order to display the information stored on the blockchain, there is a need of a user interface. While the account in question has been removed from Steemit.com, which is an interface operated by the same company that leads the development of Steem, there are several other Steem interfaces such as Busy.org and SteemPeak that have not banned the user nor deleted the post. The post Steemit.com bans a hacking group for violating its terms of service appeared first on The Block.

2 months ago

Steemit.com bans a hacking group for violating the terms of service

Steemit.com, the most prominent Steem interface, banned a hacking group for violating the site’s Terms of Service. The hacking group, which goes by the name of ‘The Dark Overlord’, posted a message detailing an intention to leak several sensitive documents relevant to the September 11 attacks that the group allegedly hacked. According to Motherboard, ‘The Dark Overlord’ claims to have stolen the documents from different insurers and legal firms including Hiscox Syndicates, Lloyds of London, and Silverstein Properties. Steem is a platform used primarily for blogging that uses Steem blockchain to host posts and comments. In order to display the information stored on the blockchain, there is a need of a user interface. While the account in question has been removed from Steemit.com, which is an interface operated by the same company that leads the development of Steem, there are several other Steem interfaces such as Busy.org and SteemPeak that have not banned the user nor deleted the post. The post Steemit.com bans a hacking group for violating the terms of service appeared first on The Block.

2 months ago

Crypto Market Wrap: Another Day Another Pullback

Market Wrap Crypto markets pulling back again; Ethereum, Bitcoin Cash and Cardano sliding, Tron going strong. A predictable pump and dump cycle appears to be forming in consolidating crypto markets. After Monday’s pump comes Tuesday’s dump as total market capitalization retreats back below $135 billion and recent gains are wiped out again. Bitcoin is a shade under $4,000 as it drops 1.7% on the day and trade volume falls back below $5 billion. An intraday high of $4,080 was made before it hit resistance once again and fell back to a level it appears to be holding for now. Since last Tuesday BTC is still up 7%. Ethereum is also pulling back though heavier losses of 5% have dropped it below $150 again. On the week ETH is still up 10% but the steam appears to be running out of the rally and the gap to XRP in third is getting smaller again. The top ten altcoins are all in the red aside from one. Tron has made over 3.5% at the time of writing and has flipped Bitcoin SV for ninth spot with a market cap of just below $1.6 billion. Stellar has remained static which has allowed it to take sixth back from Litecoin which has lost 1.5%. The rest are down 2 - 4 percent with Bitcoin Cash dumping the most again at over 5%. The top twenty is a deeper shade of red as losses accumulate. Following the 51% attack Ethereum Classic dumped almost 8% back below $5. Cardano and Maker are also getting hit with losses of over 6% during the day’s Asian trading session. Aside from Monero and Binance Coin, the rest are down 3 - 5 percent on the day. The fomo of the day is still going to REPO which is the only coin in the top one hundred making double digits at 15%. Steem is making moves also with a 6% gain on the day. There are no big dumps occurring at the moment but the worst performing altcoins are Waves, Waltonchain and Aurora all dropping over 8%. Total crypto market capitalization has slid a couple of percent back to $134 billion as daily volume drops back below $15 billion. Around $3 billion of yesterday’s $7 billion pump has been lost today. The range bound channel is still intact though on the week markets are up 6%. A breakout is going to be a while coming yet and things may remain this way for some time. FOMO Moments is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals. The post Crypto Market Wrap: Another Day Another Pullback appeared first on NewsBTC.

2 months ago

Bitten by Reality: Uncoupling Cryptocurrency from the Blockchain Industry

If 2017’s phenomenal crypto-market boom, supported by the entry of innumerable startups into the blockchain industry through initial coin offerings (ICOs) has taught us anything, it was that this fringe technology had some innovative gusto backing it, and it wasn’t going anywhere anytime soon. Blossoming Bitcoin at the time had most certainly cemented itself in modern discourse. For better or worse, it was making headlines all around the world as the market neared tipping point; regulators, governments, entrepreneurs and aspiring traders were catching a whiff of an unusual but golden opportunity. Over that fateful winter, those few months from September 2017 to the end of January 2018 were significant in the sense that an immense amount of capital was poured into the ecosystem. Eventually, the speculative markets had to cool off and this moved the discussion away from Bitcoin, and on to the underlying technology of blockchain which is now considered to be a majorly beneficial technology for industries and governments around the world. With this shift in attention and the ongoing global debate on how to regulate the sector, Bitcoin and the rest of the crypto-market waned throughout 2018, which by winter had the industry on the back-foot, forcing blockchain startups and enterprises to readjust their finances in a big way. What seems logical now, was not actually practiced until it was a little too late, with the lesson being: don’t hold company funds in volatile crypto. Recession Consider this, an industry that miraculously rose to glory on the back of a volatile and speculative digital currency, Bitcoin, has also fallen fathoms due to the now ten-year-old crypto and the seemingly intrinsic connection of value to it that other cryptocurrencies have. An article on Bloomberg on 6 December 2018 shed light on the troublesome topic, detailing the collapse of startups and the layoffs that were unraveling. In addition, a previous report on 12 September 2018 compared the situation to that of the Dot-Com crash. Major firms such as ConsenSys, STEEM, ETCDEV, and others were reporting layoffs while in tandem, the ICO startup market also fell sharply. 2018’s crypto-winter signaled a need for change for the blockchain industry, one that had already been alluded to with the increasing reports of stablecoins rising to prominence during these difficult times as foreshadowed by investment firm Morgan Stanley in March 2018. Knock-on effects With fewer startups raising their desired funds, and market uncertainty stifling crypto-economic activity, the blockchain media was also hit relatively hard, causing PR firms, ICO marketers and media outlets to also re-structure their businesses. Blockchain and crypto-related media are known to be a pay-to-play facet of the industry. From fledgling startups to behemoth companies, this side of the business offers exposure in the form of featured articles, bought and paid for by the respective company, as well as press releases and article mentions amongst other means. For the media companies who often pay their employees in crypto, this meant that the once neverending supply of well-funded enterprises and startups who were flocking to gain media attention were no longer able to afford the costs required to have their project seen on the pages of industry news websites. In turn, the space appears quiet, inactive and pessimistic, giving the doubters and naysayers all the more reason to declare the industry as dead. This new technological frontier has done well surviving off of optimism and perseverance, but in the wake of a reality-checking market downturn, we can only hope that enterprises and companies around the world take heed and consider uncoupling the financial fates of their business from uncertain market assets. Instead, they could adopt a more realistic long-term view that can weather recessions and market downturns, one that minimizes the reliance on cryptocurrencies. 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. The post Bitten by Reality: Uncoupling Cryptocurrency from the Blockchain Industry appeared first on BitcoinNews.com.

2 months ago

@junseth Even if you can find every single website which dis...

@junseth Even if you can find every single website which displays content from the Steem blockchain and get those s… https://t.co/jLrv94VLyV

3 months ago

Ethereum (ETH) Gains 20% as the Holiday Cryptocurrency Rally Continues

Ethereum has gained 20% over the past 24 hours as the holiday crypto rally extends into the weekend. As at the time of writing, 6:05 AM UTC, ETH is trading at $129.4 with a market valuation of $13.5 billion, which has surged by approximately 50% since the beginning of the week. ETH is also leading the AltDex 100 Index (Alt 100). Other top gainers are WAVES, BNT, HOT, and STEEM, which have gained more than 15% today. BTC's value has also increased by 4.61% to trade at $4,052 with a market cap of $70.7 billion. (KE)

3 months ago

EOS Remains at the Top of China’s Latest Crypto Rankings

Yesterday, China published its updated Global Public Blockchain Technology Assessment Index (GPBTAI). Per the study, EOS is still the best crypto with the highest score of 156.1 points followed by Ethereum in the second place with 136.4. The 3rd-10th positions were taken by GXChain, Komodo, Ontology, NULS, Nebulas, BitShares, NEO, and Steem respectively. Bitcoin is ranked 18th with a score of 96.1 whereas ETC is ranked 15th with 97.9. These rankings were based on innovation, applicability, and technology. (KE)

3 months ago

State of the DApps’ Rankings by Platform Website Adds Steem ...

State of the DApps’ Rankings by Platform Website Adds Steem to Its Decentralized Applications List… https://t.co/LDytUi5aZi

3 months ago

Bear Market Causing Unemployment: Recent Layoffs In Leading Crypto Projects

The bear market has taken its toll on many parts of the crypto space, from the inability for projects to attract new funds, to companies being forced to lay off employees. We recently published a piece about Bitcoin Jobs that continue to rise despite the 2018 bear market. Although it is true that there is a surge in bitcoin/blockchain jobs (particularly in software development) it’s also the case that many high profile blockchain companies are being forced to trim down the size of their organization to be more cost-effective and efficient: Steemit, the decentralized social network recently laid off 70% of their staff. The company cited “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes” as the main reason for their layoffs. Civil, a blockchain project that was supposed to save journalism, failed to reach it’s ICO fundraising goal and was forced to cut back on the 18 news desks they had setup in locations around the world. To make things worse, employees alleged the company wasn’t paying its journalists and accused owners of repeatedly misleading staff over the potential value of their token. Lack of funding caused one of Ethereum Classics Development Team to shut down operations. The ETCDEV had even publicly shared a Twitter poll asking if their community would be willing to donate money to help them continue funding operations. In this poll, 59% of members said “no,” which is a clear sign that the team was no longer adding enough value to the crypto space to justify their existence. Consensys, which was founded by Ethereum co-founder Joseph Lubin, laid off 13% of their staff, and released the following statement: “Excited as we are about Consensys 2.0, our first step in this direction has been a difficult one: we are streamlining several parts of the business including Consensys Solutions, spokes, and hub services, leading to a 13% reduction of mesh members.” Status (SNT) cut 25% of their staff, losing significant amounts of the $64m they raised, which was still held in ETH (it could be worth as little as $15.3m now). Even Bitmain, a highly successful Bitcoin mining company, has been forced to close their blockchain development center in Israel and layoff 23 employees. They have also cited the recent collapse in price of cryptocurrency as a reason for the center being closed. Many ICOs Didn’t Convert Their Funds On Time These projects have been put in a tough situation. However, many of them have also made their problems worse by choosing to keep the funds they raised in ETH even as the price continued to decline. Rather than just working with the number of funds they raised, the chose to be greedy and speculate on their investments. Today, there are still ICOs holding 95%+ of their treasury in crypto assets. We will continue to keep an eye on these projects as we expect they won’t last very long under current market conditions. The post Bear Market Causing Unemployment: Recent Layoffs In Leading Crypto Projects appeared first on CryptoPotato.

3 months ago

What Is Reddcoin? Introduction to RDD Token

What Is Reddcoin? Reddcoin is a decentralized, blockchain-based cryptocurrency used to tip or send payments for social content. Unlike competitor Steem (and legacy platforms like Snapcash), the Reddcoin API supports all social platforms, from Reddit to Twitter and Twitch. RDD, the native cryptocurrency coin of Reddcoin, is mined by the ReddID wallet through a Proof-of-Stake-Velocity, which increases your odds of mining a valid block through your RDD balance. Social media is a big business - according to Pew Research, over 68 percent of American adults use Facebook alone. In fact, the social giant has over 2.27 billion monthly active users as of September 30, 2018. The rise of social media led to a rise in influencer marketing, with major social influencers generating millions of dollars in revenue. Now everybody wants to be a social media influencer, and with brands pushing toward microinfluencers, socialcoins like RDD, SBD, and STEEM are well-positioned to bridge the gap. Everyone should get paid for making social platforms like Facebook popular, not just C-suite executives like Zuckerberg. The idea of tipping content creators already created a rift that let social funding platforms like Patreon to create a new lane and flourish. If there’s money to be made in this lane, it’s going to be found, and Reddcoin isn’t the only one looking. Even Dogecoin is popularly used for tipping online. Will social currency and Internet tipping become widespread enough to sustain an entire market? Let’s begin answering that question with a breakdown of the RDD cryptocurrency and its market performance so far. RDD Cryptocurrency Summary As of December 17th, 2018, the circulating supply of Reddcoin is 28,808,713,174 RDD, with no total supply cap (the original hard cap of 109,000,000,000 was removed during the transition to PoSV). The peak price so far of RDD was $0.028770 on January 7, 2018. The Reddcoin public ICO token sale ended January 20, 2014 and raised over $100,000 worth of BTC in anticipation of the platform’s February 2, 2014 release. Over 5.45 billion REDD was minted in this initial batch. RDD was initially mined through PoW like BTC, but it was transitioned to PoSV mining in August 2014. The total supply of RDD increases approximately five percent on an annual basis. PoSV still requires processing algorithms, but because RDD balances increase success probability, PCs, tablets, laptops, and smartphones can compete with ASIC mining rigs. Reddcoin critics argue it can’t sustain value because of its divisibility and uncapped supply. Supporters argue a price over $0.01 already makes it difficult to support microtransactions online. Spending a penny is more emotional than spending one tenth of a penny, and on ad platforms used by most websites, approximately $0.01 is paid out for every 1000 views. This puts a hefty limit on social media, as nearly 80 percent of Facebook users (and 100% of real people) have 500 or fewer friends. Over $200,000 worth of RDD is traded on a daily basis. Cryptocurrency exchanges that support RDD include Bittrex, Upbit, Litebit.eu, and Cryptopia. Reddcoin trading pairs include BTC, DOGE, and fiat currencies like EUR. The official Reddcoin cryptocurrency wallet is available for desktop platforms and mines RDD. Also, ReddID runs as a browser extension that lets you easily tip people on any website or forum you visit within the browser. Think of it as a phonebook for Reddcoin addresses and usernames so you can locate wallet addresses for the creators you’re viewing. Other third-party wallets have been created, including Reddcoin-Qt and reddcoind, however only ReddID has been confirmed for staking and earning RDD interest. Socializing With Online Networks When cryptocurrency started gaining mainstream attention in 2011, journalists, influencers, bloggers, podcasters, YouTubers, and other content creators started posting their public keys online. Over the past decade, we all just kinda got used to seeing them on social media profiles and author bios. Meanwhile in 2015, Facebook joined the ranks of messaging platforms to allow friend-to-friend payments. Microtransactions and social payments seem like the wave of the future, and several cryptocurrencies, like DOGE, have risen through the ranks as generally acceptable forms of payments to tip people online. This forced platforms to push for proprietary currencies to tokenize transactions on their platforms, whether blockchain-based or not. Amazon-owned video game streaming service Twitch, for example, created its proprietary Bits currency in late 2017 it quickly integrated the service with PayPal for convenience. Twitch has over 140 million monthly active users watching over 2.2 million monthly livestreams. Amazon spent $970 million to buy the company in 2014, and its top 10 streamers earn over $23 million a year in combined revenue. But earning a living on these platforms isn’t as easy as it looks - top earners have professional teams helping with

3 months ago

Dan Larimer Proposes Changes to the Current EOS Block Producer Model

Dan Larimer, the creator of EOS, recently made statements that propose changes to the current structure of its block producer model. “I am starting to think that the Steem model where the 21st producer is rotated in makes more sense. Then they only get paid per block produced… I would probably rotate… one per hour.” This implies that the standby block producers would have the opportunity to contribute to the network regularly. This provides the opportunity to test whether “all standby (BPs) have nodes ready to take over.” This is a similar model to the one used by Steem. (JF)

3 months ago

Crypto Market Update: Weekend Gains Wiped Out in $5 Billion Fall

FOMO Moments Monday is red as markets wipe out weekend gains, Bitcoin Cash, Stellar, Iota sliding, Ethereum Classic staying afloat. It didn’t last. Crypto markets are back down again today after recovering a little over the weekend. The complete lack of buying pressure at the moment indicates that the bears are still in full control of things. Total market capitalization has been pushed back down to $130 billion again. Bitcoin has found a consolidation channel between $4,000 and $4,300 and it doesn’t seem to have the momentum to break on the upside. BTC is down 3% back at $4k at the time of writing. Two ‘Bart Simpson’ type chart patterns have formed over the last week indicating that BTC could be about to fall again. Ethereum has already fallen, dumping 3.5% since yesterday back to $113. Altcoins are all in the red again today, wiping out weekend gains. Bitcoin Cash is taking the biggest hit of over 6% at the moment as it slides further down the chart. Stellar has held on to fourth, but only just as it too has lost over 5% on the day. The rest of the top ten is dropping 2 - 4 percent at the time of writing. Further down the chart there is only one beacon of green in the top twenty. Ethereum Classic is up over 3% on the day which has taken it over $5 again. A recent Github heist and resolution may be the cause of the current momentum for ETC. The rest of the altcoins in this section are falling 2 - 5 percent on the day. Today’s big dose of FOMO is going to Mithril which has pumped 32% overnight. MobileGo and Decentraland are also in double figures at the time of writing with 14% gains each. Unsurprisingly previous pumpers are now dumping, namely Bitcoin Private and Theta Token down 15% and 12% respectively. After laying off a whole bunch of staff, Steem is also getting hit today. Around 3.7% has been lost from crypto markets since Sunday. As another $5 billion flows back out of digital currencies market capitalization drops back below $130 billion again. Markets are back to the same level there were at this time last week and appear to be range bound between $130 and $140 billion. Bitcoin’s dominance is still around 53.6% so the ratio has remained stable for a while. 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 Crypto Market Update: Weekend Gains Wiped Out in $5 Billion Fall appeared first on NewsBTC.

4 months ago

Crypto Startups Laying Off Staff Due to Falling Crypto Prices

The crypto market has been hit hard by the bearish trend this year. Crypto startups are laying off their staff to mitigate losses. Blogging website Steemit, which is funded by digital coin Steem, is laying off 70pc of its workers. This is after Steem fell by 96% from January's all-time high. SpankChain, which funds an adult entertainment service, is planning to lay off 20 employees and freelancers to 8. Its market cap has dropped to $6m from $190m recorded at the start of the year. UK crypto exchange Coinfloor and Kraken are also said to have cut their staff in the second half of this year. (KE)

4 months ago

Daily Cryptocurrency News - 29th November 2018

Here are the most important cryptocurrency news of November 29th 2018: Bitcoin Will Soon Be Accepted In Multiple Jewelry Shops Across Canada Even if the price seems to remain on the $4,000 range, the Bitcoin adoption is slowly increasing. This time, Birks Group - a Canadian jewelry brand, announced that they will accept Bitcoin in their stores. The news were first reported by BusinessWire, and speaks how Birks Group will start accepting Bitcoin payments by working with BitPay: It is of great significance to Birks Group to launch BitPay. As an internationally growing brand, we believe that BitPay will benefit our customers as we look to align ourselves with these innovative capabilities that are on the forefront of technology. BitPay’s CCO, Sonny Singh hopes that the new brand direction will lead to an inrease in customers: Birks Group has a large number of international shoppers so allowing them to pay in bitcoin makes perfect sense. Accepting bitcoin helps Birks Group to cater to their high-end international clients and get new customers while providing an innovative and safe payment option. But there’s one question in the head of every cryptocurrency enthusiast: Did BitPay solved their Copay wallet issue? As it was previously reported, a module that Bitpay is using was compromised and multiple wallets are at risk. Bitpay’s Statement came and same did the update. But are the funds now secure? Have the hacker gained anything from its trick? Ripple Whales Move $1 Billion in XRP It appears that cryptocurrency whales are using the bear market to accumulate more crypto. $989,999,892 worth of XRP were transferred within 4 hours. Five transactions were made, the largest one for 348,507,596 USD. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 999,999,959 #XRP (348,507,596 USD) transferred from Unknown wallet to Unknown wallet Tx: https://t.co/Ev8EewPGcu — Whale Alert (@whale_alert) November 27, 2018 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 749,999,979 #XRP (261,380,701 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet Tx: https://t.co/iwtpyoQsxv — Whale Alert (@whale_alert) November 27, 2018 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 850,335,027 #XRP (296,321,202 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet Tx: https://t.co/DRGaLQfWrl — Whale Alert (@whale_alert) November 27, 2018 🚨 40,000,000 #XRP (13,951,639 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet Tx: https://t.co/ujebBfIYeE — Whale Alert (@whale_alert) November 27, 2018 🚨 🚨 🚨 🚨 🚨 🚨 200,000,000 #XRP (69,838,754 USD) transferred from Ripple Escrow wallet to Ripple OTC Distribution wallet Tx: https://t.co/DjgvGOdWjj — Whale Alert (@whale_alert) November 27, 2018 All five transactions lead to the same unknown address. But, the person moving this funds is definitely a representative of Ripple. The company behind XRP owns 60% of the total supply, but the vast majority is locked in escrow. Ripple recently revealed that they are selling XRP Over-the-Counter. They chose this measure so it won’t affect the hodlers. It also appears that investors are more interested in Ripple. The Q3 sales for Ripple this year was $163.33 Million, double since its Q2 sales where they recorded only $73.53 Million. Another interesting fact : from the $163.33 Million, $93 Million was sold to institutions. The total fee for those transaction was way less than 0.01 XRP - which makes the fee amount negligible compared to the amount transferred. Tron Announces $100 Million Gaming Fund After the recent great news for Tron - the BitTorrent and uTorrent accepting TRX and the great price increase - they now surprise the game developers with a $100 million fund for the next three years. The fund’s name is Tron ARCADE and was announced November 29th trough a press release. Justin Sun declared: “TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology,” “TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.” This announcement will surely lead more developers to the TRON’s community and could hopefully grow its dApps list to more than 21 games. Plus, the recent surge in price will probably bring new developers trying their technology - as Justin Sun hope that the blockchain gaming community will use Tron due to its multiple benefit compared to its competitors. ConsenSys Invest $2.1 Million In AZTEC Ethereum Hosted Protocol It appears that Ethereum doesn’t let themselves behind Tron. If Tron wants to lead more developers using their blockchain for dApps, ConsenSys invested $2.1 Million in AZTEC. The Ethereum mainnet-hosted protocol would allow users to facilitate private transaction on Ethereum’s public blockchain. Founded by Dr. Zachary Williamson and Tom Pocock, AZTEC’s main purpose would be to have a bank-level privacy for its users and ensure privacy in transactions, while reduc

4 months ago

Crypto Cooldown Forces Steemit to Lay off 70% of Employees

Steemit, a decentralized sharing system and distributed app designed to rewards content creators with crypto, will be laying off a massive chunk of its staff. The company announced that it is cutting off 70% of its workforce, citing “the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and

4 months ago

Crypto Bears Strike: Steemit Purges 70% Of Employees, Yet STEEM Up 12%

Crypto Startup Steemit Terminates 70% Of Staffers Even for the most hardened of firms, bear markets, whether in emerging or established industries, aren’t kind or forgiving. This theme has sadly translated over to the cryptocurrency market. As reported by Ethereum World News on Tuesday, Mike Novogratz’s Galaxy Digital, for example, lost $136 million trading Bitcoin, Ether, and XRP since January 2018. But, most recently, Steemit, the company behind one of this industry’s leading assets, STEEM, and foremost decentralized platform, has unfortunately resorted to a drastic staff layoff to cover its losses. Ned Scott, CEO at Steemit, recently took to his personal Youtube channel to divulge the news, releasing an impassioned three-minute video to bring awareness to the crypto community at large. Scott, seeming perturbed by the happenstance, noted: While we were building up our team over the last months, we had been relying on projections of basically a higher bottom for the market... Since that’s no longer there we’ve been forced to lay off more than 70% of our organization. He explained that as Steemit’s top brass met, it became logical that a staff restructuring at Steemit, a private organization, was necessary. Interestingly, he failed to divulge an exact headcount pre-purge and post-purge, making it hard to tell how many were affected. Discussing the reasoning more in-depth, Scott explained that as the cryptocurrency market has faltered, so has Steemit’s war chest, which has only been worsened by the “growing costs of running full Steem nodes.” To mitigate further hemorrhaging, the crypto entrepreneur explained that the team’s remaining members will be focused on reducing Steemit’s budget, while ensuring that the community is still engaged with the promising startup. Per Scott, the former issue will be solved by “replacing steemd plugins with hivemind, pitchforking Steem to prune the chain state size from 160gb to 0gb, AWS usage projections, DevOps solutions, reduction of Staging and Testing nodes, and eliminating redundancies.” Although these aforementioned statements painted a bearish picture for the startup, in an accompanying blog post made on Steemit, Scott maintained that his advocacy for his project and the cryptocurrency ecosystem is still present. Outlining his bullish view on cryptocurrency technology, the industry chief explained that cryptocurrencies still have the potential to “give us greater freedom through unrestricted value transfer, value store, and the financial tools that come along with that,” echoing Anthony Pompliano’s recent comments on CNBC. Scott also noted that he expects for cryptocurrency to spawn killer applications, which may eventually rival the Instagrams and Reddits of this world, which have maintained hegemony over the Internet for upwards of a decade in some cases. Regardless, the fact of the matter is that Steemit, like a majority of other crypto-centric upstarts, has suffered, no matter the strength of their project. Despite Layoff, STEEM Follows Bitcoin Higher — Posts 12% Gain In spite of the dismal development, STEEM, the native asset of the Steemit ecosystem, has somehow posted a substantial USD gain in the past 24 hours, and a double-digit one at that. Per CoinMarketCap, as Bitcoin (BTC) moved above $4,000 to $4,300, STEEM moved alongside this market’s foremost asset, posting an 11% gain in the past 24 hours. Interestingly, STEEM has actually outperformed BTC by 2.5%, not a common sight in 2018’s bear market. Title Image Courtesy of Alex on Unsplash The post Crypto Bears Strike: Steemit Purges 70% Of Employees, Yet STEEM Up 12% appeared first on Ethereum World News.

4 months ago

Crypto Bears Strike: Steemit Purges 70% Employees, Yet STEEM Up 12%

Crypto Startup Steemit Terminates 70% Of Staffers Even for the most hardened of firms, bear markets, whether in emerging or established industries, aren’t kind or forgiving. This theme has sadly translated over to the cryptocurrency market. As reported by Ethereum World News on Tuesday, Mike Novogratz’s Galaxy Digital, for example, lost $136 million trading Bitcoin, Ether, and XRP since January 2018. But, most recently, Steemit, the company behind one of this industry’s leading assets, STEEM, and foremost decentralized platform, has unfortunately resorted to a drastic staff layoff to cover its losses. Ned Scott, CEO at Steemit, recently took to his personal Youtube channel to divulge the news, releasing an impassioned three-minute video to bring awareness to the crypto community at large. Scott, seeming perturbed by the happenstance, noted: While we were building up our team over the last months, we had been relying on projections of basically a higher bottom for the market... Since that’s no longer there we’ve been forced to lay off more than 70% of our organization. He explained that as Steemit’s top brass met, it became logical that a staff restructuring at Steemit, a private organization, was necessary. Interestingly, he failed to divulge an exact headcount pre-purge and post-purge, making it hard to tell how many were affected. Discussing the reasoning more in-depth, Scott explained that as the cryptocurrency market has faltered, so has Steemit’s war chest, which has only been worsened by the “growing costs of running full Steem nodes.” To mitigate further hemorrhaging, the crypto entrepreneur explained that the team’s remaining members will be focused on reducing Steemit’s budget, while ensuring that the community is still engaged with the promising startup. Per Scott, the former issue will be solved by “replacing steemd plugins with hivemind, pitchforking Steem to prune the chain state size from 160gb to 0gb, AWS usage projections, DevOps solutions, reduction of Staging and Testing nodes, and eliminating redundancies.” Although these aforementioned statements painted a bearish picture for the startup, in an accompanying blog post made on Steemit, Scott maintained that his advocacy for his project and the cryptocurrency ecosystem is still present. Outlining his bullish view on cryptocurrency technology, the industry chief explained that cryptocurrencies still have the potential to “give us greater freedom through unrestricted value transfer, value store, and the financial tools that come along with that,” echoing Anthony Pompliano’s recent comments on CNBC. Scott also noted that he expects for cryptocurrency to spawn killer applications, which may eventually rival the Instagrams and Reddits of this world, which have maintained hegemony over the Internet for upwards of a decade in some cases. Regardless, the fact of the matter is that Steemit, like a majority of other crypto-centric upstarts, has suffered, no matter the strength of their project. Despite Layoff, STEEM Follows Bitcoin Higher — Posts 12% Gain In spite of the dismal development, STEEM, the native asset of the Steemit ecosystem, has somehow posted a substantial USD gain in the past 24 hours, and a double-digit one at that. Per CoinMarketCap, as Bitcoin (BTC) moved above $4,000 to $4,300, STEEM moved alongside this market’s foremost asset, posting an 11% gain in the past 24 hours. Interestingly, STEEM has actually outperformed BTC by 2.5%, not a common sight in 2018’s bear market. Title Image Courtesy of Alex on Unsplash The post Crypto Bears Strike: Steemit Purges 70% Employees, Yet STEEM Up 12% appeared first on Ethereum World News.

4 months ago

Steemit Lets Go Over 70% of Employees, Blames Bear

Steemit, a popular blockchain-based social media platform, has laid off more than 70% of its workforce according to an announcement by founder and CEO Ned Scott. This is largely due to the crash in cryptocurrency prices during 2018. The native cryptocurrency of Steemit, STEEM, has declined from nearly USD 8 in January 2018 to USD 0.30 on 26 November. Steemit depends on selling STEEM at regular intervals for cash flow and, therefore, operational cash is now drastically reduced until the market rises again. The price of STEEM is actually up 20% today at USD 0.37, so it appears investors find this news to be favorable. Cuts in the number of employees and infrastructure costs are being undertaken to ensure the survival of Steemit long term. Scott says, “However, in order to ensure that we can continue to improve Steem, we need to first get costs under control to remain economically sustainable. There’s nothing that I want more now than to survive, to keep steemit.com operating, and keep the mission alive, to make great communities.” In addition to laying off 70% of its workforce, Steemit is cutting costs by replacing steemd plugins with hivemind, reducing the chain state size, reducing staging and testing nodes, eliminating redundancies, closely monitoring Amazon Web Service (AWS) usage, and in general will be restructuring all operations to reduce spending. This layoff at Steemit comes only two months after the Steem velocity hard fork, which touted major improvements to code and usability, but for the most part increased the cost of posting on Steemit by basically requiring users to buy more Steem Power (SP) to be able to post as much as they want to. The price of STEEM has fallen 70% since the velocity hard fork was implemented, and Steemit’s Alexa rank has declined from about 2,200 to 3,646 as of 28 November. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: pixabay The post Steemit Lets Go Over 70% of Employees, Blames Bear appeared first on BitcoinNews.com.

4 months ago

Amidst Dwindling Prices, Steemit Lays Off 70% of Workforce

Blockchain-based social media platform Steemit Inc., the company behind popular open source website Steemit.com, has announced a structural reorganization which will entail laying off 70 percent of its workforce as it looks for new ways to cut costs and remain sustainable as a business.In a heartfelt post published by Steemit's co-founder and CEO Ned Scott, the rest of the team will stay on to work on reducing the cost of running the Steemit platform and the company's public APIs.Scott attributed the decision to lay off the overwhelming majority of Steemit’s workforce to "the weakness of the cryptocurrency market, the fiat returns on our automated selling of STEEM diminishing, and the growing costs of running full Steem nodes.""We have conducted our first all-hands meeting and are prioritizing all the cost reduction solutions we can accomplish in the near term, including replacing steemd plugins with hivemind, pitchforking Steem to prune the chain state size from 160gb to 0gb, AWS usage projections, DevOps solutions, reduction of Staging and Testing nodes, and eliminating redundancies," Scott continues in the post.Steem is Steemit's native token, which was created in 2016 as a micropayment currency for tipping authors on the Steemit platform. The Steemit platform was created to be a decentralized version of Reddit, where contributors could be rewarded with steem for their posts. Other decentralized platforms like DTube and DLive also run on the Steem blockchain.The steem token, which has a $106.4 million market cap, has fallen from its all-time high of $7 in January 2018 to the current price of $0.35, a 95 percent decrease in value.Scott believes the Steem blockchain can become an affordable network for apps but pruning down its costs is the first step in ensuring the sustainability of the platform."There’s nothing that I want more now than to survive, to keep steemit.com operating, and keep the mission alive, to make great communities," Scott affirmed.Steemit's blockchain suffered an outage in September 2018 due to an upcoming hard fork update. According to the explanation given by Steemit, the source code for the hard fork was run ahead of schedule by some nodes whose actions spilled into an incompatible chain affecting certain safeguards that froze the blockchain. This article originally appeared on Bitcoin Magazine.

4 months ago

Unending Bear Market Leads Steemit to Sack 70% of its Staff

Blockchain publishing and social media startup Steemit have sacked nearly 70 percent of its staff and referenced the current year-long bear market as the reason for reducing staff. Steemit CEO Ned Scott made the announcement via YouTube on Thursday. Scott explained that Steemit had been building out its team over the year but were also “relying on projections of basically a higher bottom for the market and sine that’s no longer there, we’ve been forced to lay off and restructure.” Scott did not pinpoint the total number of employees laid off but the did mention that “fiat returns” were no longer sufficient enough to cover the “growing cost of running full Steem nodes.” At the moment Steemit ranks 48th on CoinMarketCap and the company has a market cap of $106 million. (RS)

4 months ago

Losing Steem: One of the Most Active Crypto Projects Cuts Staff

Steemit, the social media platform built around the STEEM digital asset, is reorganizing its structure and downsizing 70% of its workers.

4 months ago


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