Steem STEEM

$0.7267
Market Cap $ 206.165 MM (#41)
24h Volume $ 858.293 K
Chg. 24h: -1.95%
Algo. score 3.6/5  (#178)
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Steem News

EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions

A screenshot circulating on social media has revealed a decentralized blockchain protocol EOS practicing authority over its network. AUTI9003, a pseudonym on Reddit, posted a photograph which demonstrated arbitrators on the EOS network in action, reversing confirmed transactions. A so-called judge referred verses from the EOS blockchain’s so-called constitution to resolve a dispute between two account holders. The claimant accused an unidentified individual of possessing private keys to its EOS account via a phishing attempt. The user reached out to the EOS with his/her complaint and the network chose one Ben Gates as arbitrator to resolve it, under the management of another individual called Moti Tabulo. “Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, rules that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed,” the ruling read. Not a Blockchain? The complaint-to-resolve structure, according to responders, was reminiscent of a conventional customer support model practiced by centralized organizations. Many argued that why a crypto user would find EOS better than any traditional legal system, given its high authority over the network. Whiteblock, a blockchain testing firm, for instance, found that EOS had fewer features of a decentralized blockchain and more that of a cloud computing service. According to them, the protocol lacks immutability, meaning authorities can change or modify data on the EOS blocks with minimal resistance. SOURCE: REDDIT The AUTI9003 thread likewise offered similar criticism but turned into an EOS-bashing event with some pseudonyms calling the project names. In the midst, an argument came from CarInABoxx also questioning the project over its scalability solutions. “Let’s say that 100 accounts get phished in an attack. Each of them creates a “case” on the EOS portal, each of them present evidence, the other party responds, then the EOS gods come to a decision,” the pseudonym assumed. “From this ruling it takes almost a month or more from freezing the account, hearing both sides, taking a decision.” EOS on Accusations “Decentralization is not what we are after,” said Daniel Larimer, the creator of the EOS protocol, in an interview to YouTube channel Colin Talks Crypto. The programmer drew a thin line between how a decentralization works and how it gets perceived. He referred to log scales while explaining how projects like Steem, BitShares, and EOS (all his own) are two-three times more decentralized than Bitcoin and Ethereum. A screenshot from the video: Source: Colin Talks Crypto The argument, whether its Bitcoin or EOS, remains about the possibility of block producers colluding with each other to govern a blockchain as though they are its masters. That indeed abandons the idea of having a censorship-resistant and stable financial system. The question that EOS could face nevertheless is why they would need to raise $4 billion to reinvent something that is already there. “4bn to invent the wheel again,” as someone quoted. The post EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions appeared first on NewsBTC.

a day ago

Could Ethereum Survive Without Buterin?

Vitalik Buterin, the founder of Ethereum sat down with the MIT Technology Review in a recent interview at the recent Ethereum Developer Conference hosted in Prague, Czech Republic. In the interview, the founder explained why the network can only be truly decentralized after it stops looking to him for answers. The 24-year-old has been the unofficial ‘CEO’ of the Ethereum project since he proposed the creation of the network late in 2013. Nevertheless, he revealed to the MIT Technology Review, that it was time for him to start fading into the background to allow the community to grow to its full potential in a decentralised manner. This begs the question of whether Buterin is getting ready to leave Ethereum. During the interview, one Twitter user interpreted his words of fading away Buterin planning an exit strategy similar to how Dan Larimer has left several crypto and blockchain projects. As said by Ethereum World News, Larimer developed the blockchain technology of Graphene that powers BitShare and the Steem token, Larimer left the project to start Steemit after he founded BitShares in 2013. Then in 2017, he left Steemit and joined Block.one as it Chief Technology Officer and spearheaded a successful crowdfunding to create EOS and he is still the CTO at EOS to this day. In the tweet, he accused Buterin of planning his exit strategically and prompted his to reply and correct his theories. 1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits. 2. Vitalik is “in charge”: ETH is centralized! Vitalik is not “in charge”: Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility. — Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018 As you can see from the above tweet, Buterin responded saying that he isn’t leaving the company and that he is ‘in charge’. But despite this confirmation from the founder of ETH it still makes you think whether Ethereum could survive without Buterin. What do you think? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Could Ethereum Survive Without Buterin? appeared first on Crypto Daily™.

6 days ago

Vitalik Rejects Rumors of Him Leaving the Ethereum (ETH) Project

The MIT Technology Review had a chance of interviewing Vitalik Buterin at the recently concluded Ethereum (ETH) Developer Conference that was hosted in Prague, Czech Republic. In the interview, Vitalik explained why the network can only be truly decentralized after it stopped depending on him. Buterin at 24, has been the unofficial ‘CEO’ of the Ethereum project since it he proposed the creation of the network late in 2013. However, he revealed to the MIT Technology Review, that it was time for him to start fading into the background to allow the community to grow to its full potential in a decentralized manner. Accusations Of Him Exiting From this interview, one twitter user interpreted his words of fading away as Vitalik planning an exit strategy similar to how Dan Larimer has left numerous crypto and blockchain projects. Dan Larimer developed the blockchain technology of Graphene that powers BitShares and the Steem token. After starting BitShares in 2013, Larimer left the project to start Steemit. He then left Steemit in March, 2017. After leaving Steemit, Larimer joined Block.one as its CTO and spearheading a successful crowdfunding to create EOS. He is still the Chief Technology Officer at EOS. The tweet accusing Vitalik of planning an exit strategy, prompted him to reply by debunking all theories that he is leaving the project in a manner similar to how Dan Larimer left BitShares and Steemit. 1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits.2. Vitalik is "in charge": ETH is centralized! Vitalik is not "in charge": Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility. — Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018 Are We Really Ready for Vitalik Taking a Back Seat? The question on the minds of many Ethereum enthusiasts and developers, is to whether the Ethereum network can survive without Vitalik. One twitter user replied to the above tweet, by stating that our human psychology might not allow us to accept the departure of an inspiring leader. His exact tweet was as follows: The real issue is interesting tho. Are people really ready or really want decentralization? It looks like they want leaders, even if that undermines the core value of the system. They just want price action. Comparisons with the Tron Project and Justin Sun The CEO of Tron, Justin Sun, had planned to take a back seat in the Tron project after the Super Representatives had been elected to handle all issues pertaining to the network. However, in a move welcomed by many, Justin ran for, and won a spot as one of the 27 Super Representatives on the Tron Network. He also communicates with the Tron Community via twitter on a daily basis. By further dissecting Vitalik’s response to the tweet suggesting he is leaving, we see that he already has a plan to continue contributing to the project. What are your thoughts on Vitalik proposing a decentralized Ethereum network? Do you think the project can survive without him? Please let us know in the comment section below. [Image courtesy of the MIT Technology Review] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Vitalik Rejects Rumors of Him Leaving the Ethereum (ETH) Project appeared first on Ethereum World News.

6 days ago

Are Decentralized Social Networks the Only Hope for Free Speech?

TL;DR The Internet has increasingly become a less tolerant place for radical ideas Large social media platforms like Facebook, Twitter, and YouTube enforce censorship based on protecting their users’ right not to feel ‘uncomfortable’ Decentralized social networks are the only possible solution to this problem. However, the current class of crypto platforms - Steemit, Minds, BitTube face significant challenges in convincing people to migrate away from these social media giants. Decentralized social networks will need to offer much more than the ability to express ideas freely. Over the past 10 years, the Internet as we know it has changed rapidly. What was once a free and unfiltered space for people to share radical ideas has now become commoditized and controlled. This is an unfortunate byproduct of a once-fringe technology becoming mainstream. This is not to say that we aren’t experiencing the best the Internet has to offer. It has never been easier to access unlimited quantities of information on any topic, connect with friends, earn degrees, and find jobs all through the click of a button and the help of the most advanced search algorithms ever produced. However, this progress has proven to be a double-edged sword, as the more comfortable people get with calling the Internet their ‘home’, the more uncomfortable they become when things they dislike intrude into that home. This phenomenon is no more evident than on social networks like Facebook, which has captured the loyalty of billions around the world due to its ability to allow us to personalize the Internet in ways that have never been done before. On Facebook, I get my own profile, I can create my own network of friends, receive my own tailored recommendations. I can earn validation the more I share my content, everything about it leads me to believe that the Internet is a vast cyber world built just for me. The same personalized features extend across virtually all social media platforms, creating a level of comfort that ensures that, as users, we remain glued to our screens for several hours a day. It’s easy to see how the constant push from Google, Facebook, and Twitter for more personalization and comfort over a span of 10 years has led people to believe the Internet should be a ‘safe space’, and that ideas you don’t agree with are somehow a threat to your existence. Worst of all, these same tech companies have now taken it upon themselves to be the arbiters of what is considered good or bad speech, censoring users with large followings simply for making a vocal minority feel uncomfortable. The word ‘responsibility’ is critical when assessing the case of free speech online. Depending on how one interprets that word, it shapes their opinions about the current climate of Internet censorship: Who is responsible for fake news? The publishers or the platform? If a fake news piece causes someone to act in a criminal way, who is responsible? Is it the fake news publisher? The platform? Or the person who reacted without first verifying if the news was true? Who is responsible for responding to an offensive joke? The platform? Or the person who deemed it offensive? How many people need to be offended by a post before the platform labels it offensive? A thousand? One hundred? One? The fundamental question of responsibility is what drives the current debate over Internet censorship. Yet the answers seem very clear when we consider how social media companies have worked to strip away the feeling of control people online once had to dictate who they could be, what they could consume and how they could react to it. Ultimately, the raw, anonymous, and unfiltered nature of millions of free people connected around the world has been suppressed for the sake of bringing mainstream access and increased profitability to Internet companies. Fortunately, blockchain technology is giving us a chance to hit the reset button on this grand cyber social experiment we call the Internet. New platforms like Steemit, Minds, and BitTube are emerging as decentralized alternatives to Facebook, Twitter, and YouTube. Their operating model is simple; a social network free of censorship, where users can monetize their content by earning cryptocurrencies when people upvote their posts. In many ways, these platforms aspire to take what we value most about our highly advanced social media apps while bringing us back to a time when interactions were peer to peer, anonymity was cherished, and corporations were unable to impose their will as intermediaries or advertisers. Unsurprisingly, many have jumped onto these platforms to discover better ways to earn a fair wage for the content they produce, escape the threat of data exploitation (as seen in the recent Cambridge Analytica scandal), or simply share ideas that may be deemed to be ‘unsafe’. After only 2 years, Steemit has acquired over 1 million users and is ranked as one of the top 1,500 websites on Alexa. Minds has been ar

14 days ago

PlusOneCoin Monetizes Financial Content Through a Cryptocurrency Model

Numerous different cryptocurrencies exist for no specific purpose. The team behind PlusOneCoin, on the other hand, has a simple yet noteworthy vision and use case in mind. Their new currency lets users upvote content on ADVFN and InvestorsHub. In a way, it will serve as a reward for users who access the content on either platform. The PlusOneCoin Project With several thousand cryptocurrencies on the market, adding one more wouldn’t necessarily make a difference. Unless that currency serves a specific purpose, it will not gain real traction. PlusOneCoin aims to be different in this regard. Its creators target two specific financial information platforms specifically. Both ADVFN and Investorshub are quite popular among their respective community members. Getting more users to interact with this content, has always been challenging. Financial data is often read and absorbed before users move on to the next topic. This is where PlusOneCoin comes into the picture. It lets users reward others who share their ideas and vision. In the long run, this will lead to a “more empowered community”, according to its creators. PlusOneCoin can be valuable to content providers and platform owners. Monetizing social media sites is one option to pursue. Secondly, it empowers the audience to affect the content they are consuming. Attributing a native currency to a media site remains a curiosity first and foremost. Publishers have explored numerous ways to monetize content to date. Cryptocurrencies do not play a big role just yet. The Concept Makes Initial Sense There is some initial merit to the PlusOneCoin idea. In the cryptocurrency world, social media plays an integral role. A lot of content is created and shared on a daily basis. In a lot of cases, creators do not get anything in return for their efforts. A currency like this can help address that situation moving forward. At the same time, a concept somewhat similar to this one already exists. Steemit is a platform where content creators can be rewarded by other users. It uses the native STEEM currency to achieve that goal. It is also a currency which has not been integrated into other platforms. That alone might give PlusOneCoin a competitive edge to bring this concept to the masses. Bridging the gap between social media and cryptocurrency will remain an ongoing process. PlusOneCoin may introduce some positive changes in this regard, assuming there is enough interest in this concept. Ideas like these confirm the cryptocurrency industry is still growing and evolving. If more platforms adopt PLUS1, the project can effectively transform the way content is monetized. What is your opinion on the PlusOneCoin project? Do you think a specific purpose will help it gain attention and support? Let us know in the comments. Images courtesy of ShutterStock The post PlusOneCoin Monetizes Financial Content Through a Cryptocurrency Model appeared first on Live Bitcoin News.

19 days ago

Stellar (XLM) Price Analysis: Another Reversal Pattern!

Stellar seems to be forming another reversal pattern, this time a head and shoulders formation on the 1-hour time frame. Price is currently testing the neckline of this formation and might be due for a break soon, confirming that a selloff is about to happen. The 100 SMA is above the longer-term 200 SMA, though, so the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse. The 200 SMA dynamic support also lines up with the neckline to add to its strength as a floor. Then again, the gap between the moving averages is narrowing to indicate slowing bullish pressure and a possible downward crossover. A support break could lead to a slide that’s the same height as the head and shoulders, which spans 0.2400 to 0.2600. A bounce, on the other hand, could lead to another test of the highs at 0.2600. Stochastic has just pulled up after reaching oversold levels, indicating that buying pressure is returning. RSI also looks ready to move higher, also confirming that a rally might be in the cards. Stellar continues to make steady progress with adoption by Stellarport, Masmic Platform, Steem Anchor, and Pioneer, which is “an experiment in building an online game for productivity.” Stellarport recently introduced a number of new markets to trade as well: We’re introducing a BIG update today. Now, you can trade on many more markets on Stellarport - including non-XLM markets as well. Check out all the new markets:https://t.co/2uSQKDOYeA Read more about the new update:https://t.co/JeDwRMvE1Z — stellarport (@stellarportio) October 19, 2018 Masmic aims to build a platform that “could further the promise of cryptocurrencies to enable easy value transfer using the internet in the same way as information transfer/sharing over the internet is today.” The post Stellar (XLM) Price Analysis: Another Reversal Pattern! appeared first on Ethereum World News.

20 days ago

Stellar (XLM) on a Winning Streak while Accelerating Real-World Adoption

Stellar is continuously making gains even in the red market. Meanwhile, the adoption of the Stellar network is also on the rise with names like Stellarport, Masmic Platform, Steem Anchor, and Pioneering leveraging this 6th largest cryptocurrency. Stellar price making jumps Since last week, Stellar has made quite an impact as it surged 19 percent last week while a majority of the crypto market remained somewhat boring. At the time of writing, XLM has been trading at $0.2425 while being up by about 0.38 percent. The sixth largest cryptocurrency has a market cap of $4.6 billion while managing the daily trading volume of $39 million. Stellar 7-days price chart, Source: Coinmarketcap Stellarport announces new markets to trade StellarStellar wallet and decentralized trading client, Stellarport recently introduced a number of new markets. Their new update allows, “users to search through all markets on the SDEX and even create new ones.” We’re introducing a BIG update today. Now, you can trade on many more markets on Stellarport - including non-XLM markets as well. Check out all the new markets:https://t.co/2uSQKDOYeA Read more about the new update:https://t.co/JeDwRMvE1Z — stellarport (@stellarportio) October 19, 2018 This further allows one to create their own markets. You need to just add an order and “soon enough others will discover it too (it may take up to an hour though).” About 25k stellar airdrop announced by pioneer Launched in August, Pioneer is “an experiment in building an online game for productivity.” The project announced on Twitter: “Big news: winners of our upcoming October tournament will receive $6,000 in Stellar lumens (in addition to $5,000 in USD). It’s a cryptocurrency airdrop to the creative outsiders of the world.” We’re excited to support Pioneer in their mission of helping advance groundbreaking ideas from the creative outsiders of the world. https://t.co/OvtxasEND9 — Stellar (@StellarOrg) October 19, 2018 Stellar crypto for Masmic platform With the objective to build a platform that “ could further the promise of cryptocurrencies to enable easy value transfer using the internet in the same way as information transfer/sharing over the internet is today,” Masmic has been developed. As for why Stellar, the company shares, “Stellar Lumens is the only cryptocurrency which fulfilled all of our requirements. With TPS of 1000, extremely low transaction cost of 0.00001 XLM (XLM is currently priced at around $0.25) and tuning-incomplete smart contract capabilities, XLM became our natural choice.” Steem Anchor = Steem + Stellar Recently, Steem announced Steem Anchor which combines the technology from Steem and Stellar. Steem Anchor basically represents Steem and Steem Dollar (SBD) on the Stellar decentralized exchange. As for its working, on depositing STEEM and SBD through steemanchor.com, an equal amount of tethered assets are minted on the Stellar Network. These are then delivered to the Stellar account address. Tethered STEEM and SBD can be then traded and exchanges for any other assets available on Stellar Decentralized Exchange via Stellar Lumens (XLM). The post Stellar (XLM) on a Winning Streak while Accelerating Real-World Adoption appeared first on Coingape.

20 days ago

Electroneum Price Notes Steep Drop Despite eCommerce Push

Whereas most cryptocurrencies are starting to see some upward momentum, things are very different for Electroneum. While that is not entirely abnormal, the steep losses are piling up fairly quickly. It seems unlikely ETN will remain above $0.0205 for much longer, although altcoins have a tendency to move in mysterious ways. Electroneum Price Faces a big Setback When the altcoins are rising, one would often expect to see Electroneum on that list. In this particular case, that is not what is happening, even though there is still a chance the momentum turns around. This massive dip was not entirely expected, yet it seems ETN is not catching a break in either the USD or BTC department right now. More specifically, the altcoin has lost over 8.5% in USD value over the past 24 hours. Combined with a net loss of 7.5% in the BTC department, things are not looking all that great for Electroneum at this time. The overall trading volume is not looking all that healthy either, primarily because the relatively low trading volume of under $1.5m seems to indicate not too many people are interested in buying or selling ETN at this time. Some of the activity across social media seems to contradict this latter aspect. More specifically, @CryptoDailyy on twitter claims he bought 105,5000 ETN at this low price. He remains confident there will be a healthy 25% increase fairly soon, although the current momentum seems to indicate that might not be the case at this time. Just bought 105,000 #ETN more at 321 sats, as RSI & MACD already low. High chances that it will cross 400 sats this time. Get ready for the profit guys #electroneum #etn — Crypto Daily (@CryptoDailyy) October 17, 2018 Crypto Steem Man also remains pretty bullish on Electroneum despite the current price action. He is one of the people who tend to accumulate when prices dip for no apparent reason, which can be a very prominent trading strategy during the year 2018. For now, reaching 400 Satoshi or more will be very difficult, although anything is possible in this industry. We still looking great folks At these prices imma keep accumulating We going all the way #ETN#Electroneum#BTCdoingalittlesometing#tothemoon pic.twitter.com/lFvHZYZ5hZ — Crypto Steem Man (@CryptoSteemMan) October 17, 2018 There is some positive news that could send Electroneum in the green again fairly soon. The launch of ETN Commerce, a community package of free software for professional eCommerce, could ensure mass adoption of this altcoin occurs a lot sooner than originally expected. It has been challenging for altcoins to gain ecommerce traction, but an effort in this regard can be a game changer. A short introduction of ETNCommerce - #ETN @electroneum https://t.co/GENNdWFD76 — ETNCommerce (@etncommerce) October 17, 2018 Based on the current circumstances, it seems the Electroneum price will remain in the red for quite some time. At the same time, the low trading volume can send the market in either direction, and an uptrend is not entirely out of the question either. For ETN speculators, the coming hours can yield some interesting surprises, although it remains to be seen if this will result in any lasting changes. The post Electroneum Price Notes Steep Drop Despite eCommerce Push appeared first on NullTX.

a month ago

Tether: Lower Price May Signal Switch To Regulated Stablecoins

Tether (USDT) dropped on Monday to $0.95 for the first time since May 2017, losing nearly 3% as daily trading volume spiked to $5 billion. USDT’s loss is noteworthy given that Monday’s rally saw a wave of green on CoinMarketCap, representing gains for most cryptos. Since Sunday, cryptocurrencies have surged nearly $13 billion in market capitalization led by Bitcoin 6%), Ethereum (6.44%) and Ripple (7.45%). Tether’s all-time low was $0.91 back in April 2017. It’s supposed to be pegged 1:1 with the U.S. dollar but concerns remain over transparency and proof of reserves. Tether is among four cryptos in the top 50 that lost value in early Monday trading, joining Ox (-3.14%), Lisk (-1.24%) and Steem (-0.72%). Since Oct. 6, Tether’s market cap has lost $400 million, decreasing from $2.8 billion to $2.4 billion. Last month, Singapore-based exchange DigiFinex listed a regulated stablecoin, TrueUSD (TUSD), after stating on its website that TUSD’s fiat reserves and periodic auditing make it safer than Tether. DigiFinex (like other exchanges) has recently listed other regulated coins that are tied to the dollar. These include USD Coin (USDC), Gemini Dollar (GUSD) and Paxos (PAX). Circle.com, which unveiled USD Coin, is backed by Goldman Sachs, Chinese mining giant Bitmain and other big investors, reflecting growing acceptance of tokenized sovereign currencies. Tether’s trend could signal investors’ preference for moving funds towards (what are perceived to be safer) regulated and audited coins. TrueUSD and others (mentioned above) are periodically audited by independent accounting firms. Regulated Stablecoins Rise In Value While these coins are supposed to mimic the dollar in price, they surged in value during Monday’s rally. If investors continue to trade Tether for other cryptos and stablecoins, that could lead to uptick in prices for these tokens at the expense of USDT. As of press time TrueUSD (TUSD), which is the only other stablecoin in crypto’s top 100, surged to $1.07 with its highest ever 24-hour trading volume of $57 million and market cap of $144 million. TrustToken, a regulated money services business with U.S. treasury, launched TrueUSD in early 2018. It’s also the first U.S. regulated stablecoin. Similar coins increased as well. Gemini dollar (GUSD) rose 3% to $1.04 while USD Coin (USDC) surged 8% to $1.09. Paxos increased by nearly 4% to $1.06. TrueUSD currently trades on more than 30 exchanges around the world. The venture raised $20 million from investing powerhouse Andreessen-Horowitz. Its mission is to tokenize physical assets such as real estate, cars, artwork and commodities. People should use TruseUSD because it’s the “world’s first stable coin company which receives the MSB license from U.S. regulators,” according to DigiFinex in a Sept. 14 blog. “The owner of TUSD is the beneficiary of the funds in the account. The fund can be converted into US dollars by wire transfer or other channels.” The Singapore-based exchange added that “third-party accounting firm (Cohen & Co.) will periodically audit the US dollar in the escrow account, which is used as the guarantee for TUSD. It will publish the verification of audit result as well.” The author holds digital assets, but none mentioned in this article. The post Tether: Lower Price May Signal Switch To Regulated Stablecoins appeared first on Crypto Briefing.

a month ago

Bitcoin & Cryptos Win the Fight against Bears But Lose against Stock Market Madness

Greens are back as Bitcoin rises to $6,325 while Digitex Futures, Steem, and Tron lead the crypto gains. Crypto market fell down in tandem with the stock market crash and now both are recovering. This has now raised the notion that cryptos might not work as a hedge when stock market erupts in madness. Greens back in the crypto market Bitcoin is in the green by about 0.14 percent at $6,325. After dropping to about $6,200 level but saved by the $6k mark, it is yet again crawling upwards. The world’s leading cryptocurrency’s daily trading volume has now dropped down to $3.3 billion while having a market cap of $109 billion. Bitcoin 5-days price chart, Source: TradingView In tandem with Bitcoin, altcoins are also recovering. Tron (TRX) is the top gainer among the top cryptocurrencies with over 7.38 percent gains. Digitex Futures (DGTX) is the biggest gainer with 59.30 percent while with 8.54 percent gains Steem is making a good recovery. To 11 cryptos, Source: Coinmarketcap Global stock market madness spilled into crypto, Bitcoin- No safe haven? It all started when the day before yesterday, the global stock market took a severe hit. Yesterday has been a turbulent day that took S&P, Nasdaq, tech stocks, Asian market, and even currencies down. This raised the hopes of the crypto enthusiasts to see the money flow from the mainstream market into the crypto as the crypto trader and analyst Alex Kruger had shared: “A BTC breakout today, in a day when stocks and bonds are getting crushed, would be noticed by the whole world and would be very bullish. Waiting.” However, cryptocurrencies lost in tandem with the stock market. To which Kruger shared, “Treasuries and Gold are two assets widely used as portfolio hedges. Correlations with stocks broke down in 2018. Hence, in the event of a market crash, portfolios may suffer losses both from the stocks side and the hedge side. Forcing PMs to sell assets, accelerating a crash.” A couple of months back, Matt Hougan, vice president of research and development at Bitwise Asset Management Inc had shared with Bloomberg, “Non-correlation is not the same as inverse correlation so there’s no guarantee that when the market goes down crypto will go up. Over the long term, we think the fundamental drivers of crypto are different from the fundamental driver of equities and other assets, and we would expect the low correlation to persist.” However, as the founder of Adamant Capital, Tuur Demeester shared on twitter: 50-day correlation between Bitcoin & Global Stock Market Index: since 2017 noticeably positive. One could argue that the market currently sees Bitcoin as a risk-on asset (unless of course stocks are rallying because of a flight-to-quality away from bonds). pic.twitter.com/HvjW1umLJ5 — Tuur Demeester (@TuurDemeester) October 12, 2018 Now, today crypto market starts making recover and US stock market has also rebounded where S&P 500 ends 1.4% higher, Nasdaq gains 2.3% and tech stock enjoyed the bounce back as well. Now, this has brought forth the notion that crypto won’t be getting the limelight when traditional markets begin to fall. I completely disagree with this “crypto will really shine when traditional markets crash” notion. People don’t rush into the riskiest assets when everything else is dropping and they are panicking, quite the opposite. — El Whale (@K1llerWh4le) October 11, 2018 To which, popular crypto trader, Crypto Squeeze agreed with. However, it could also be argued that Bitcoin hasn’t been in a position to spike yet as it recorded low trading volume. Do you think in future as the stock market will crash, Bitcoin and cryptocurrencies will be seen as an alternative option of investment? Share your thoughts with us by commenting below! The post Bitcoin & Cryptos Win the Fight against Bears But Lose against Stock Market Madness appeared first on Coingape.

a month ago

Steem Price Surpasses $0.85 Once Again

There are some interesting things happened in the world of altcoin trading. As of right now, the Bitcoin price is still stuck in sideways momentum, but things might change fairly soon. The Steem price, for example, shows things can get pretty interesting with very little trading volume. There is a nice uptick which pushes the Steem price above $0.85 again. Steem Price is Making Big Moves It doesn’t happen all that often people look at Steem as an altcoin worth speculating on. That is not because the currency has no merit, but primarily because it has become a utility currency, which does not necessarily introduce a speculative element. Even so, there are those who expect big things to happen in the form of Steem, albeit the trading volume has always been pretty lackluster. Over the past 24 hours, the Steem price has noted a strong 8.5% gain. This is evident across both of the USD and BTC pairs, which is pretty interesting. Especially when considering how things are not looking great for Bitcoin and most of the top altcoins, and Steem might still face a pretty big setback in the coming hours. Speaking of Steem technical analysis, there is an interesting trend forming as of right now. Bitcoins and Gravy seems to indicate a new major move is on the horizon, albeit it remains to be seen what the future will hold in this regard. All cryptocurrencies should see a rebound sooner or later, but when it may happen, is anybody’s guess at this time. STEEM Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE https://t.co/GgFb71PVOg #YouTube #Dtube #Steem #cryptocurrency #cryptotrading #daytrading #investing #investors #WallStreet #onlinecourses #tutorials #DIY @workin2005 @ObamasMentors — Bitcoins and Gravy (@BitcoinsNGravy) October 13, 2018 Some users are also advocating for getting more people to work with Steemit, rather than stick to traditional means. Although that is a pretty interesting idea, there is not necessarily a big incentive for users to do so. Especially those who write as a full-time job, the earnings from Steemit can be very hit-and-miss. Even so, over $5.8m worth of rewards have been issued to the #blog tag alone in under three years. WANTED: More #Bloggers #Writers & #Photographers to come join us on @Steemit. Did you know that >$5,800,000 worth of #STEEM rewards have been distributed to the tag #Blog in the #Steemit Community since it was created back in March 2016?#blockchain #blogger #money #JoinSteemit pic.twitter.com/sSrCRp6sw6 — Stephen P Kendal (@StephenPKendal) October 13, 2018 One particular individual potentially joining the Steemit ranks is none other than John McAfee. He is a big advocate of freedom of speech, something one doesn’t achieve by using traditional social networks these days. As such, Steemit may prove to be an interesting solution, depending on how people tend to look at these things. It seems unlikely McAfee will suddenly begin hyping Steemit, but one never knows what the future holds. You guys need to #joinsteemit @SteemNetwork @steemit ,runs on #steem #blockchain ,zero transaction fees,3 secs confirmations...! This is not a promotion folks....But can help you all #Crypto #Decentralization folks Detailed info belowhttps://t.co/m1HkytWjG8 — Jarau Moses (@JarauMoses) October 13, 2018 One worrisome aspect is how Steem is unsuccessful in generating a decent trading volume. After all, just $1.85m in trades during an 8.5% gain is pretty difficult to explain, let alone ensuring it remains in place. Even so, there appears to be a growing genuine interest in the Steemit platform, which will also have an impact on the Steem price accordingly in the future. The post Steem Price Surpasses $0.85 Once Again appeared first on NullTX.

a month ago

Steem Use-a-Thon by Byteball - Winners Announcement (and LOT...

Steem Use-a-Thon by Byteball - Winners Announcement (and LOTS of great analysis of submissions from the Byteball Co… https://t.co/jjNJZkMQzE

a month ago

5 Ways to Earn STEEM on Steemit.com?

What is Steemit? Steemit is a social network and blogging platform that is built on the STEEM blockchain. The platform is very similar in concept to Reddit, but one major difference would be that users are rewarded with STEEM and the STEEM Backed Dollar cryptocurrencies for posting their content on any number of topics. The The post 5 Ways to Earn STEEM on Steemit.com? appeared first on Coindoo - Crypto News and Reviews....

a month ago

5 Ways to Earn STEEM on Steemit.com

What is Steemit? Steemit is a social network and blogging platform that is built on the STEEM blockchain. The platform is very similar in concept to Reddit, but one major difference would be that users are rewarded with STEEM and the STEEM Backed Dollar cryptocurrencies for posting their content on any number of topics. The The post 5 Ways to Earn STEEM on Steemit.com appeared first on Coindoo - Crypto News and Reviews....

a month ago

Pivot, Binance's 'Reddit of Crypto' Launches, Bogged Down by Spam and Plagiarism

Binance gave startup funding to a cryptocurrency news company called pivot (at www.pivot.one), with the aim of making it inform users, entertain them and promote cryptocurrency news and developments. Pivot was designed to have the appeal and community participation, just like Reddit. To entice participating users, the site rewarded content creators with Bitcoin and the native PVT tokens. However, this rewards mechanism was soon taken advantage of, with users plagiarizing the news articles from hardworking news sites, and others spamming the community with worthless information. It quickly took the direction of Steem, with bots and real users adopting the 'follow me' model. At the moment, solid content moderators are needed badly, if the situation is to turn around. (KE)

a month ago

@singularity_net @aigents @ethereum Thanks for featuring us!...

@singularity_net @aigents @ethereum Thanks for featuring us! A correction: It's actually the Steem blockchain — not... https://t.co/aYKCQBjRGu...

a month ago

Litecoin Price Gains Traction amid Merchant Adoption Push

Litecoin Price Gains Traction amid Merchant Adoption Push Steem (STEEM) went through a 31% pre-hardfork spike at the start of the week in the run up to Hardfork 20 (HF20), codenamed Velocity. Much, but not all, of those gains have been wiped out over the last day or so as the STEEM market corrected itself...

2 months ago

@dapp_com @DtubeTweets @SteemNetwork Hi! Correction: It's ac...

@dapp_com @DtubeTweets @SteemNetwork Hi! Correction: It's actually the Steem blockchain — not the Steemit blockchai... https://t.co/ilOErqoF3W...

2 months ago

The Future of Investfeed: An Interview With New CEO Drew Freedman

The problems plaguing centralized social network platforms, including ongoing battles with censorship and user data security concerns, has opened a market opportunity for blockchain-based solutions. Currently, much of the attention has been on Steem, a blockchain-based rewards platform for publishers to monetize content, given that its network recently surpassed one million accounts. However, Steem has faced ...

2 months ago

Steem blockchain releases mainet of hard fork 20

Steem, a rewards-based blockchain network, has launched the main net of hard fork 20, a software upgrade that will take the Steem blockchain from its current bandwidth system to a new system based on Resource Credits, or......

2 months ago

XRP Leading the Altcoin Slump while Expert Predicts a Bullish Scenario

Except for a few coins like Steem, Zcash, IOST, and Dogecoin, a majority of the crypto market is in the red while altcoin losses are The post XRP Leading the Altcoin Slump while Expert Predicts a Bullish Scenario appeared first on Coingape....

2 months ago

Steem Blockchain Goes Offline a Week Before Hard Fork

In a tweet, Steem has announced that it was down for the better part of yesterday, September 17. This has occurred a few days from the Steem velocity hardfork which is expected on September 25. Steem has clarified that it is not a hack, but they are working on fixing the problem. Currently, Steemit is still offline, but developers have assured users that their coins are safe. (KE)

2 months ago

BitShares (BTS) is Currently the Most Actively Used Blockchain

Bitshares (BTS), currently ranked 29th on CoinMarketCap, is currently the most active blockchain according to the 7 day stats provided by blocktivity. The platform averaged 1,622,870 operations per day for the past week, accounting for nearly 36% if all blockchain operations in the world. It should be noted that the second and third most active blockchains are Steem and EOS, giving developer Dan Larimer the gold, silver, and bronze medals for active blockchain platforms. Bitshares is a decentralized exchange where users can trade dollars, gold, Bitcoin and other derivative assets without counterparty risk. (JF)

2 months ago

Decentralized Exchange BitShares Tops Blockchain Activity Leaderboard

BitShares, which boasts a market cap of $289 million, has gained 6% in the last 24 hours on trading volume of $12.7 million. BitShares, which was founded by Dan Larimer, announced on Twitter today that it was the “most active blockchain," with BTS topping leaders like STEEM, ETH and BTC. Followers cheered the development on social media. BitShares is comprised of dozens of projects across exchanges, wallet providers, games, financial services, trading and communications. (GT)

2 months ago

Upbit Developer Conference to Take Place in September

In an official blog post in their website, Upbit, the leading South Korean crypto exchange has announced that it is planning for a developer's conference in September. This year's Upbit Developer Conference will take place from Sept.13 through to Sept. 14. The conference is scheduled to take place in Jeju Island. The key topics will be among others scalability, dApps, and smart contracts. The attendees will include among others the CEOs of Steemit, BitGo, and Bittrex. (VK)

3 months ago

PornHub Partner will Reward Viewers with Cryptocurrency

Pornbub partner, Tube8, will now offer its viewers Vice Industry Token (VIT). The partnership aims to reward visitors for watching and interacting with videos and Tube8 representative, Robin Turner, recently said that “getting paid to watch porn was always a pipe dream.” Tube8 hopes to fully tokenize it’s platform and VIT CEO, Stuart Duncan explained that “the platform will migrate from the ethereum blockchain to a forked version of the steem blockchain called graphene.” Tube8 now joins a growing number of adult media platforms that have integrated cryptocurrency to their platforms. Notably, Playboy and media personality Stormy Daniels. (RS)

3 months ago

Steem Unveils Changes to Steem Velocity Hard-Fork Planned for Sept. 25

The Steem team in a blog post identified changes to the Velocity Hardfork, or Hardfork 20, which is designed to simplify the onboarding process for new users and which will unfold on Sept. 25. Among the features of the hard-fork include a shift to a resource credit-based system, which the team says will support “the most advanced freemium blockchain.” The hard-fork changes also involve streamlining the account creation process with lower fees and the introduction of “discount account creation tokens” among numerous other features. A super-majority must support the hard-fork changes in order for them to take effect. (GT)

3 months ago

STEEM Price Analysis: Running out of puff?

STEEM, and the Steemit content platform emerged with a novel use case for the blockchain in 2017. By creating a robust monetary reward system for the key cogs in any social content ecosystem—the user community—it has gained traction and a sizable user base since its launch. However, as 2018 has progressed STEEM has witnessed both dwindling user activity and an 84% price decline....

3 months ago

Spam Linked to Surge in Transaction Volumes in EOS Network

According to Blocktivity rankings, EOS rose to the second position in transaction volumes on Sunday, jumping past Ethereum and Steem. The development has been linked with the crush of spam from Blocktwitter, a smart contract. The smart contract has been creating massive amounts of transactions per second within the network. However, the EOS network is coping easily with this development. Data shows that the network is currently operating at about 0.16% of its capacity. (VK)

3 months ago

Steem Trading in the Doldrums While Broader Crypto Market Attempts Gains

While the broader cryptocurrency market is showing signs of life, Steem coin remains in the doldrums. Steem has shed nearly 20% of its value in the past week and is currently hovering at approximately $1.30. Steemit recently announced its upcoming hard fork 20 as well as its 19.4 release, which encompasses "AppBase, the StatsD plugin, and RocksDB," according to a blog post. Verge and Basic Attention Token are close to overtaking Steem based on market cap. (GT)

4 months ago

Daniel Larimer Outlines a Three Step Solution for Fixing EOS RAM Price Hike

Daniel Larimer, from Block.One, has released a plan outlining the process to go about in order to lower the creation costs for EOS Account creation. Larimer, who co-founded the blockchain social platform Steemit and is now the CTO of Block.One, noted that the hike in RAM prices has caused new EOS account creation fees to be a thing. Currently, the RAM goes for 990 EOS tokens per MB of RAM; and users have purchased about 51 GB of the RAM. Larimer stated that if the price is to be lowered, the RAM supply must be increased. Besides this, the EOS ecosystem should use lower memory per block, reducing too much usage per account. Further, he advocated for free accounts using Block.One's iOS wallet. (KE)

4 months ago

BasicAttentionToken (BAT) Bolsters Its Value, Takes No. 38 Spot on CoinMarketCap

BasicAttentionToken (BAT) added more than 20% to its value today, bolstering its market cap to more than $326 million. It's now No. 38 on CoinMarketCap and is closing in on Verge and Steem at the No. 37 and No. 36 spots, respectively. BAT recently announced a referral program with Brave Software, and officials from BasicAttentionToken will be participating in the Crossing the Crypto Chasm conference in downtown San Francisco on July 19. (GT)

4 months ago

Bancor Hack Casts Doubts over its Decentralization

Bancor, a decentralized smart contract crypto exchange, might not be as decentralized as it claims. After hackers stole $23.5 million worth of three types of tokens from the exchange earlier this week, Bancor suspended operations and successfully froze their native Bancor (BNT) token to prevent any further losses. However, according to an analysis by Crypto Inferno published on Steemit, the suspension of the token might have inadvertently proven the cryptocurrency exchange platform is far more centralized than previously speculated. "There is centralised control of BNT, and a single point of failure," writes Crypto Inferno. "No other tokens can be controlled in this way, of course, hence the reason they couldn't freeze the stolen ETH." (CP)

4 months ago

INS Ecosystem Joins Trusted IoT Alliance Consortium of Blockchain Plays

INS Ecosystem, which is currently shedding about 2%, has joined the Trusted IoT Alliance, an open-source consortium of blockchain and IoT companies. INS Ecosystem joins the likes of Cisco, Bosch, VeChain and IOTA. "We are proud to join the Trusted IoT Alliance and look forward to cooperating with our fellow esteemed member companies in the blockchain and IoT spheres," according to INS Ecosystem Co-Founder Peter Fedchenkov in a blog post. (GT)

4 months ago

Steem will never succeed until they allow users to join within a 48 hour process time.

Waiting weeks to get into steemit makes people forget about it and lose interest. Some people apply and never get into steemit. Why should investors buy steem when no one can join the platform? Steemit has been closed off to newcomers for a while now. It's a terrible coin to hold because of this....

9 months ago

STEEM PRICE SURGE AND JOHN MCAFEE

John Mcafee and crypto. It seems like any ICO and coin that he announces in his tweets becomes an overnight sensation. Before you start going through this tweets, he did not mention Steem as his coin of the week. However, with some digging I may have found something that could like the price surge of Steem to John Mcafee. It appears that Mcafee recently supported an upcoming token sale for an Brick and Motor ICO and they have gone with the STEEM blockchain tech. "Bob's Repair is building its decentralized platform in Q2 2018 with a planned launch date in Q4 2018. They are looking to the blockchain to erase "fraud and ambiguity in the skilled trade industry" as well as a lack of transparency for pricing. Bob's technology will connect contractors and home owners directly. They chose STEEM over Ethereum for its speed and lack of transaction costs. " Now I could be completely wrong and yes STEEM should be valued way more than 6. It is one of the few projects I have followed since the beginning of my crypto journey. Thoughts?...

10 months ago

STEEM surge reason?

Any idea as to why STEEM increased 60% in a single day?...

10 months ago

What benefit does STEEM have to outsiders?

From my understanding, you sign up to Steemit. Post your content. If you get upvotes, these are rewarded to you in STEEM coins, yes? Which means the better quality posts people upload, the more upvotes they get and therefore more STEEM coins. So if I am sitting here as an observer of Steemit, what incentive do I have to buy the coins? How does it benefit me as someone who isn't posting comments?...

a year ago

What would the subscribers like from this Subreddit?

Hi, Let me take this from the start, this subreddit was originally made by me just to test out things with Reddit and crosspost things for myself from a time once long ago. About a year ago I started seeing a rise in this subreddit and was talked to be /u/nedsteem about getting this subreddit started with no clue what anything about STEEM is about. Now here I am a year later with a bit more research under my belt and a pretty good knowledge of reddit already along with being very active and I want to know from those who regular here would like to see come of this reddit. Now I do know that most of the active STEEM community is over and directed to /r/steemit which seems to be more professional and if need by, I can just integrate this with that, but if this is preferred in a way since this subreddit name is taken, I would like to take a more active part in a few ways since there is a steady increase in metrics seen here: https://i.imgur.com/tWRzuBP.png A few ways I'd like ot improve what is already made here is by taking applications of more knowledgeable mature users who in part could help moderate and upkeep the reddit, along with those who can educate me on what this system in part is about. But most importantly, I need from you all to know what it is exactly you are looking for from someone who is incredibly active with a strong knowledge of reddit along with spreading the rising popularity of STEEM....

a year ago

What does it take to master Steem?

My interest and participation in Steemit has been increasing over the last month. The basics are simple: posting, commenting, liking (upvoting). We've all mastered those skills on countless platforms. From there, it gets much more complicated: Steem, SteemPower, Steem Dollars, upvoting algorithms, witnesses, the underlying blockchain. Then there is Steem vs Steemit. And let's not forget that the platform and network are constantly evolving to refine incentives add useful new features. I estimate my current knowledge at about 5%. My goal is to get to 50%. The trouble is the information fragmented and scattered over countless posts. To get really smart you have to read these countless posts, then re-assemble the information, and finally verify it against the current network (make sure it's not outdated). # Where do you go for the best, consolidated information about Steemit? If you only have a couple hours per week, where would you go to get the right information the first time. Do any of these exist? * **Reading List**: A comprehensive, curated list of posts and the best order to read them in * **Book**: Like "Steemit for Dummies" or "Idiot's Guide to Steemit" * **Online Course**: Like Udemy, Pluralsight? (or maybe a YouTube channel if it is coherent, organized for someone to learn A to Z) ### What are your successes in learning about Steemit? ### What is difficult to learn? I'm curious to see if there is any opportunity for a "Mastering Steemit" book....

a year ago

Why is the Steemit site full of such terrible content?

In order for STEEM to be effective it has to be attached to a successful social media site, but the content on the front page when you open the website is terrible. Anti-vaxxer nonsense in the top posts, no separation of english and chinese language content, essentially dominated by long-form blogs, and absolutely filled with plagiarized content. Steemit needs major content changes in order to be a successful site; the vote trading and bots are also a bit of a problem. ...

a year ago


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