Substratum SUB

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Substratum News

On communications, expectations and lessons learned

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

a day ago

Bitcoin [BTC]: Tone Vays “couldn’t disagree more” with Tom Lee’s valuation

Tone Vays, former Wall Street Risk Analyst and Bitcoin enthusiast/influencer, spoke about the bear market and how Bitcoin is performing and gave his opinion on probable outcomes for Bitcoin in the near future. Vays referred to the monthly chart of Bitcoin said that this was the worst that Bitcoin has ever seen ever since the start of 2018. Furthermore, Vays said that there was a chance for the monthly RSI to reach and possibly cross the 30-line, referring to an oversold market for Bitcoin. Source: TradingView He continued: “That would mean a sub $1000 Bitcoin or a $1,000 Bitcoin for a year, like $1,200 over a year, that’s what it would take to get the RSI to be below 30” In the live stream, Vays said that he disagrees with Tom Lee’s valuation of Bitcoin which is in the range of $13,000 - $14,000. Vays said: “I just saw links to an article about Tom Lee today morning telling you that Bitcoin’s valuation is still above like $15,000. I couldn’t disagree more. I think Bitcoin’s current valuation at best $5,000 and I could be a little over-optimistic on that.” According to Tom Lee, the fair price of Bitcoin should lie between $13,800 and $14,800 and if the Bitcoin wallet users approach 7% of the total number of users of Visa, which is at a massive $4.5 billion, then the fair price of a Bitcoin would be $150,000. Fundstrat’s Tom Lee said: “Given we are so close to year-end, we are not providing any updates to near-term price objectives—read this as, we are tired of people asking us about target prices.” Apart from his fair price prediction, Lee recently slashed his year-end prediction for Bitcoin from a prior $25,000 to $15,000 because Bitcoin had fallen below the break-even point. There was a huge uproar in the community about Tom Lee’s opinion which led many prominent people to talk about it, and mostly disagree with it. Nouriel Roubini tweeted in reply to Tom Lee’s fair price for Bitcoin asking people to “keep digging deeper in that cesspool”. Kevin Marek replied to Nouriel Roubini saying: “What is your actual argument against protocols that enable value transfer online in a trust less manner? Calling things shitcoins makes you look much less like an economist and more uneducated with every post.” Another user, CryptoRev added: When will you stop regretting your decision of not investing in Bitcoin at 1 usd? You still have chance to invest in Btc else we will see your post in 2020 “Bitcoin down 35% in a week trading at 135000 Usd told these crypto traders to stay away” The post Bitcoin [BTC]: Tone Vays “couldn’t disagree more” with Tom Lee’s valuation appeared first on AMBCrypto.

2 days ago

Bitcoin Social Media Celebrates Reddit Sub r/Bitcoin 1M Subscribers

The Bitcoin forum of social media platform Reddit is celebrating a milestone of its own December 2 after gaining its one-millionth subscriber. u/CryptoBull007 Clinches Coveted Title While there remains little cause for celebration among the Bitcoin community in the ongoing 2018 bear market, growth in one sector of its economy is undeniable: the r/Bitcoin subreddit. Confirming the landmark membership, moderator known as BashCo awarded a prize to the millionth person to subscribe to the subreddit. That person was the account known as u/CryptoBull007. BashCo had set up a dedicated thread in preparation for the event, with the user already appearing to have claimed the prize. “I saw it was getting close yesterday, so I decided to make a reddit profile today for when we got close,” u/CryptoBull007 had said, adding he had joined the platform after seeing an AMA session with Cardano creator Charles Hoskinson. r/Bitcoin: 600K Users In 1 Year Like many areas of Bitcoin’s user community, r/Bitcoin has had a chequered history, with even a rival subreddit r/BTC appearing later on to drive publicity for altcoin Bitcoin Cash. Infighting among certain members continues, Bitcoin Cash proponent Roger Ver in June this year offering to donate $250,000 to charity if moderators stopped alleged censorship of certain content on r/Bitcoin. Membership has meanwhile grown conspicuously over the past twelve months. In November 2017, r/Bitcoin celebrated reaching 400,000 subscribers. As Bitcoinist reported, despite the downturn in Bitcoin price 00 this month and last, interest in the cryptocurrency has continued to expand. Price volatility traditionally sparks increased attention from lay consumers, and Google statistics confirm the trend, with terms such as ‘Bitcoin’ and ‘Is Bitcoin dead’ seeing six-month highs. So far in 2018, the Bitcoin network transacted over $2 trillion in value. Compared to last year, that figure is up by over 60 percent. What do you think about r/Bitcoin’s growth? Let us know in the comments below! Images courtesy of Shuterstock The post Bitcoin Social Media Celebrates Reddit Sub r/Bitcoin 1M Subscribers appeared first on

13 days ago

OKEx Delists 30 Altcoin Trading Pairs

OKEx, the fifth-largest cryptocurrency exchange in the world, has delisted 30 altcoin trading pairs. Cryptocurrency fever may have abated a bit from the massive Bitcoin bull run of late 2017, but that doesn’t mean that crypto isn’t finding ways to become a part of our daily lives. However, crypto fever led to a massive explosion in the number of coins, and there are now over 2,000 different cryptocurrencies, according to CoinMarketCap. The reality is that this means there are lots of coins that have little to no trading volume, which leads to exchanges having to prune their listings from time to time. OKEx Cutting Some Dead Weight Hong Kong-based OKEx recently announced that they were delisting 30 altcoin trading pairs from the exchange. The announcement states: “To create a robust trading environment and offer the best trading experience to our users, we will delist several TRADING PAIRS with weak liquidity and trading volume according to the OKEx Token Delisting / Hiding Guideline.” DELISTING OF TRADING PAIRS: We will delist several TRADING PAIRS with weak liquidity and trading volume according to the OKEx Token Delisting / Hiding Guideline. #OKExAnnouncement — OKEx (@OKEx) November 27, 2018 The altcoin trading pairs getting the ax are: FirstBlood (1ST) / USDT Micromoney (AMM) / USDT ATLANT (ATL) / ETH Aventus (AVT) / BTC Bread (BRD) / ETH Change (CAG) / USDT CommerceBlock (CBT) / BTC Carinet (CIT) / BTC, ETH, OKB Datum (DAT) / BTC, ETH, USDT DENT (DENT) / BTC, ETH, USDT EncrypGen (DNA) / USDT district0x (DNT) / USDT Everex (EVX) / ETH Genaro Network (GNX) / USDT Iconomi (ICN) / USDT Selfkey (KEY) / USDT LAToken (LA) / ETH Leverj (LEV) / BTC, ETH, USDT Maggie (MAG) / USDT Metal (MTL) / BTC, ETH Merculet (MVP) / BTC NAGA (NGC) / BTC OAX (OAX) / USDT Simple Token (OST) / BTC Qvolta (QVT) / USDT Raiden Network Token (RDN) / BTC Republic Protocol (REN) / ETH, USDT Request Network (REQ) / ETH OneRoot Network (RNT) / BTC Santiment Network Token (SAN) / USDT Show (SHOW) / BTC SingularDTV (SNGLS) / BTC, ETH Sportyco (SPF) / USDT SubStratum (SUB) / BTC Travel (TRA) / USDT Unikoin Gold (UKG) / ETH BLOCKv (VEE) / ETH Worldcore (WRC) / USDT In addition, the following altcoins have been fully purged from the exchange: VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT, and MAG. Lots of Activity There’s been a fair amount of activity associated with the exchange recently. Back in October, the exchange added four new stablecoin pairings for users to take advantage of. This was followed by 50 altcoin pairings being delisted. Early in November, OKEx won the Crypto Exchange of the Year award at the Malta Blockchain Awards. However, not everything was turning up roses for the exchange. The recent changes made to the terms associated with derivatives caused many traders to sustain substantial losses, leading to a massive uproar. Did you hodl any of the altcoins delisted by OKEx? Let us know in the comments below. Images courtesy of Shutterstock and Twitter/@OKEx. The post OKEx Delists 30 Altcoin Trading Pairs appeared first on Live Bitcoin News.

13 days ago

Bitcoin [BTC] used for charity effort in Venezuela: 500 children benefit from open and sound money

Venezuela, a country undergoing deep-rooted problems in its monetary supply due to hyperinflation, has been pegged by many as the country where cryptocurrencies would come to prominence. The country is also suffering under economic pressure from the United States of America due to sanctions and is knee-deep in debt. The government of Venezuela recently launched a cryptocurrency known as the Petro, which is a fork of Dash [DASH]. However, this was dismissed by many as another way for the President of Venezuela, Nicolas Maduro, to make money off the population and continue to cheat them out of the value of their efforts. From this fire of adversity, various citizens of the country have begun using the permissionless, trustless and decentralized nature of cryptocurrencies and blockchain technology in order to get by. One of them seems to have taken the initiative to try and make a difference in the poverty-struck country through the use of cryptocurrency. A user known as Crypto For Venuzuela recently posted a video detailing charity efforts made in the country with the help of Bitcoin [BTC]. They purchased around $260 worth of clothing and school supplies for underprivileged children in the country and paid for it using Bitcoin sourced from a round of charity from Reddit. This effort reached 500 children, with volunteers handing out the gifts dressed as Santa Claus. A couple weeks ago I shared a video where bought a ton school supplies and clothing to be donated to kids! Today was that day! We delivered all the school supplies and Clothing to the kids Thanks for all your help! $BTC all of it was done thanks to you guys and Bitcoin! — Crypto For Venezuela! (@CryptoForVzla) December 1, 2018 The supplies were bought at Traki, a department store in Venezuela that accepts cryptocurrencies. Other activities conducted by the individual also include creating an Ethereum [ETH] faucet for use by the public in Venezuela and rebuilding a school farm using donations in ETH. The user also accepts donations in Bitcoin Cash [BCH], Ethereum [ETH], Litecoin [LTC], XRP and Tron [TRX]. This shows that the world is yet to adopt this revolutionary technology, which can be used for outreach in remote areas or as an economic tool in underprivileged economies. User meadowpoe on Reddit said: “This is a really nice and selfless gesture, but what is not good whatsoever is going to the bcash subreddit later on and bash bitcoin about tx fees and surrender to all the stupid comments those subnormals made in your videos there... All comments you got in your video when you posted in that stupid sub was a comparison about btc bcash. They dont even give a f about what u r doing. Edit:/ and no, getting donations in bcash wont make your life any easier.” The post Bitcoin [BTC] used for charity effort in Venezuela: 500 children benefit from open and sound money appeared first on AMBCrypto.

14 days ago

Satoshi Nakamoto comes alive with first post in 4 years - big news coming?

Satoshi Nakamoto lives! After four years of inactivity the account at P2P Foundation of the person or persons who invented bitcoin has posted and it has got the crypto community buzzing with excitement. If the account is genuinely controlled by Satoshi Nakamoto then what should we make of his solitary post and the befriending of a Brazilian of Japanese descent, Wagner Tamanaha? Crypto sleuths who have followed the twists and turns of the modern-day folklore that surrounds the true identity of Nakamoto, have gone into overdrive. What is the meaning of the post of the word “nour” on 29 November? Who is Tamanaha and why was he friended? Newsweek didn’t do much to enhance its journalistic reputation when it claimed to have found Nakamoto back in 2014 after tracking down someone with a similar name living in California. Suffice to say they were barking up the wrong tree. The story was referred to by Satoshi at the time and was the last post to P2P Foundation before the latest activity began. But is it really Satoshi? But before everyone gets too excited at the prospect of the big reveal, many have questioned the significance of the new activity, suspecting that the account is no longer under Nakamoto’s control. The email used by Satoshi Nakamoto to sign up to P2P Foundation - -was apparently “hacked” or at any rate the ownership of the gmx domain was allowed to lapse. It may well have passed to an entity known to Nakamoto. According to the Urban Dictionary nour is defined as: The most loving, affectionate and caring person you’ll ever meet. Extremely smart, funny and sensitive. A bit lost, still figuring out what she wants in life and how to reach it. Stubborn and not willing to take other peoples advice. when she smiles she makes you forget all the problems you have, her hug will give you an assurance that you have never felt and will never do. ... which seems to mean lots of different things, so that’s not a very convincing interpretation of the usage. Another theory is that it is a transliteration of the Arabic word into Latin alphabet “nour”, in which case its meaning is “light”. That got some people thinking it was a reference to the Lightning Network side-chain technology currently being used to scale transactions on the bitcoin network. Not wanting to miss out, several hours after the “nour” post, Craig Wright, a leading light behind Bitcoin SV and who claims to be Satoshi Nakamoto, tweeted. نور العالم في التجارة — Dr Craig S Wright (@ProfFaustus) November 30, 2018 نور العالم في التجارة means “The light of the world in trade”, according to Google Translates. Now if he had tweeted that before and not after the post at P2P Foundation, then it might have had more import, but instead it just seems to be Wright trolling the trolls he attracts under his particular bridge. He also tweeted in Chinese, presumably to cover all the bases: 光线追逐黑暗. In English that means “Light chasing darkness”. None of that adds any light to the matter at hand, so to speak. Besides, Wright was busy at the CoinGeek conference launching his on-chain scaling plans for Bitcoin SV, although that does not preclude him indulging in a bit of mischief making. Other stabs at what it all means include a reference to Litecoin, which could certainly do with some help at the moment. Single version of the truth Chances are that the single version of the truth resides with Wagner Tamanaha. His social media profiles have been trawled through for clues. On 29 November 2016 he wrote on his blogspot: The first time I heard about blockchain and Bitcoin, I understood almost nothing, it was 2011 and it was just nerds, but I downloaded software and thought I was already mining, participating in a decentralized processing chain worldwide and helping the movement in SETI @ home style (Search for Extraterrestrial Intelligence, late 90’s internet fever). I did this and forgot. He also references Dan Tapscott’s Blockchain Revolution, considered the sector’s seminal work. Tamanaha’s P2P Foundation profile does not mention any coding skills, although he is active on Steemit. His “about me” states: I’m a brazilian with japanese ancestry, working with advertising in social media and a blockchain and cryptocurrency enthusiast. I’m also a member of Faircoop São Paulo local node, author of a personal blog and Blockchain Cat comics on Steemit and recently added in Satoshi Nakamoto’s friends list here. He lists his social assets as follows: Website: Facebook: Other: Other: For now then we probably need to wait for another post from “Satoshi” and perhaps further communication from Tamanaha. Before the “nour” post the first thing the woke Satoshi account did was to make friends with Tamanaha. Tamanaha tweeted on the 30 November, in Portugese, “It looks like Satoshi has reappeare

15 days ago

The Daily: Kucoin Enables Credit Card Payments, Coinbase Pro Adds Zcash

Digital asset exchange Kucoin has partnered with an Israeli startup to introduce credit card payments for cryptocurrency purchases and we’ve covered it in The Daily. Also, Coinbase has added privacy coin zcash to its professional trading platform, while Okex has delisted dozens of trading pairs with low liquidity. And in Ghana, over 100,000 investors have lost millions of dollars in a coin scam. Also read: Coinbase Launches OTC Desk, Huobi Opens Derivatives Market Kucoin Introduces Credit Card Payments Kucoin has teamed up with Simplex to allow its users to buy cryptocurrencies with credit and debit cards. The Singapore-based exchange’s new service is now available in over 100 countries. Its customers can use U.S. dollars and euros to purchase bitcoin core (BTC), ether (ETH) and litecoin (LTC). Simplex is a provider of payment processing solutions headquartered in Israel. The fintech startup operates globally and has subsidiaries in the U.S., U.K. and Lithuania. Merchants using its services receive their payments from Simplex, even in the case of fraudulent chargebacks. The company already cooperates with some of the leading platforms in the crypto space, including Shapeshift and Changelly. Kucoin recently raised a total of $20 million in a series A funding round. The exchange, which started trading digital assets in September of last year, now has more than 5 million registered users in over 100 different jurisdictions. Coinbase Pro Adds Privacy Coin Zcash Leading U.S. cryptocurrency exchange Coinbase has listed privacy-centric digital coin zcash (ZEC) on its professional digital asset trading platform, Coinbase Pro. According to an official announcement, Coinbase Pro started accepting ZEC deposits on Thursday, Nov. 29. “We will accept deposits for at least 12 hours prior to enabling trading,” the company explained in a blog post, which also detailed: “Once sufficient liquidity is established, trading on the ZEC/USDC order book will start.” The San Francisco-based exchange also revealed that initially ZEC trading will be available for residents of the Unites States, excluding New York, and Coinbase Pro users in the U.K., EU member states, Canada, Singapore and Australia. Support for other jurisdictions may be provided in the future, Coinbase noted. The company will also consider adding ZEC to its consumer platform and mobile apps if there are no technical issues with trading on Coinbase Pro. Following the announcement, the price of zcash jumped by about 15 percent. At the time of writing, the coin was trading at around $88. Okex Delists Trading Pairs With Low Liquidity Okex, currently the second-largest cryptocurrency exchange by daily trading volume, announced that it’s delisting 38 trading pairs and tokens with weak liquidity and low trading volume. The decision pertains to firstblood, district0x, iconomi, santiment network and singulardtv, among other coins. The full list is available on the platform’s website. The trading pairs will be delisted on Nov. 30. Okex advises users to cancel their orders with the affected coins or the exchange will cancel them automatically and credit the assets to the trading accounts. Okex customers holding a number of tokens — VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT and MAG — have been asked to withdraw them to other cryptocurrency platforms before Dec. 14. Investors in Ghana Lose $27M in Coin Scam More than 110,000 Ghanaians have been reportedly defrauded in a scheme involving cryptocurrency investments. According to local media, Kwaku Kumi and David Opatey — executives of an entity called Global Coin Community Help (GCCH) — have been arrested and interrogated by the country’s Economic and Organized Crime Office. Both have been released on bail, however. The swindled investors lost an estimated 135 million Ghanaian cedi, or roughly $27 million, the Ghanaian news outlet Daily Graphic reported. According to investigators, GCCH accepted deposits without a license from the Bank of Ghana. The company promised to pay customers a monthly interest rate of 27 percent for a period of one year. Unable to pay the high interest rate, the fraudsters later offered to compensate the investors with digital coins traded on an exchange called Mintcrtx. When their deposits were converted, the tokens were valued at 20 Ghanaian cedi per coin, but their price has since dropped to only 2 cedi. Police found that the trading platform is owned and operated by GCCH. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post The Daily: Kuc

16 days ago

OKEx Delists Another 49 Trading Pairs, Withdrawal of 26 Affected Tokens To Close by December 14th

Earlier today, the popular cryptocurrency exchange of OKEx announced that it was delisting another batch of trading pairs. This is after it just delisted over 50 trading pairs this past October. The delisting is to create a robust trading environment and offer the best trading experience for users. The affected trading pairs have been found by the exchange as having weak liquidity and low trad volume. The list of affected pairs can be found below. Ticker Name of project Affected trading pair(s) 1ST FirstBlood USDT AMM Micromoney USDT ATL ATLANT ETH AVT Aventus BTC BRD Bread ETH CAG Change USDT CBT CommerceBlock BTC CIT Carinet BTC, ETH, OKB DAT Datum BTC, ETH, USDT DENT DENT BTC, ETH, USDT DNA EncrypGen USDT DNT district0x USDT EVX Everex ETH GNX Genaro Network USDT ICN Iconomi USDT KEY Selfkey USDT LA LAToken ETH LEV Leverj BTC, ETH, USDT MAG Maggie USDT MTL Metal BTC, ETH MVP Merculet BTC NGC NAGA BTC OAX OAX USDT OST Simple Token BTC QVT Qvolta USDT RDN Raiden Network Token BTC REN Republic Protocol ETH, USDT REQ Request Network ETH RNT OneRoot Network BTC SAN Santiment Network Token USDT SHOW Show BTC SNGLS SingularDTV BTC, ETH SPF Sportyco USDT SUB SubStratum BTC TRA Travel USDT UKG Unikoin Gold ETH VEE BLOCKv ETH WRC Worldcore USDT Delisting to Be On November 31st, 2018 OKEx stated that the above pairs will be delisted at 5:00am (UTC + 1) on the 31st of November this year. Users are advised to cancel their orders before the set time. All orders that will be active and related to the affected pairs at the time of the delisting, will be automatically canceled and the system will credit them to the trading accounts of the users. Withdrawals of 26 Affected Tokens Supported Till December 14th, 2018 OKEx goes on to state that withdrawals of 26 of the affected tokens will only be supported till 5am (UTC + 1) on the 14th of December, 2018. The exact statement listing the affected tokens is as follows: For users who are holding VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT, or MAG, please withdraw your tokens immediately to other platforms or to your wallet. The withdrawals of the above token will be closed from 05:00 Dec 14, 2018 (CET). The delisting of the trading pairs is in line with the exchange’s guidelines. What are your thoughts on OKEx delisting the trading pairs and the subsequent announcement of only supporting withdrawal of 26 tokens affected tokens till mid December? Please let us know in the comment section below. The post OKEx Delists Another 49 Trading Pairs, Withdrawal of 26 Affected Tokens To Close by December 14th appeared first on Ethereum World News.

19 days ago

Binance Adds Paxos Standard (PAX) To its New Stablecoin Market (USDⓈ)

The team at Binance has just announced that they will be adding the Paxos Standard Token (PAX) as a base currency in the platform’s new Combined Stablecoin Market (USDⓈ). The team went on to announce that the following trading pairs will now be active in the new market effective November 29th at 1pm UTC. BNB/PAX BTC/PAX ETH/PAX XRP/PAX EOS/PAX XLM/PAX Delisting of PAX Pairs with the Base Currencies of BTC, ETH and BNB The exchange went on to add that they would be delisting other trading pairs of PAX with different base currencies. The announcement went on to state the following: Please note: The existing PAX/BNB, PAX/BTC, PAX/ETH trading pairs will be removed and delisted at 2018/11/30 1:00 PM (UTC). All existing orders in each order book will also be canceled at this time. About Paxos and Its Future at Binance The firm behind the stablecoin is also known as Paxos and plans to modernize finance by digitizing assets to solve existing settlement risks associated with traditional methods. Paxos is the first regulated Trust Company with blockchain expertise. The PAX stablecoin is backed 1:1 by US dollars held in FDIC-insured US banks. Constant auditing assures that the bank balances match the supply in the crypto markets. Charles Cascarilla, Paxos co-founder and CEO, had this to say about the new development at Binance: Demand for PAX has grown very quickly since we launched just over two months ago, making it clear that traders want a stable, regulated and transparent stablecoin. Binance is responding to this demand by giving traders the ease of PAX-denominated trading. We believe this will help bring greater confidence and stability to crypto markets at large. Binance Eyes Institutional Investors The move by the exchange to change the Tether (USDT) market to a Combained Stable Coin Market (USDⓈ), might be a few of many to attract institutional investors to trade on the platform. Earlier this month, the exchange a bunch of new features aimed at catering for the needs of institutional investors. Binance went on to state that it was preparing beforehand for the potential demand in the future through the following actions. Continuing to build the technology required to provide the highest level of security, reliability and liquidity on its platform Quality selection of tradable tokens and coins Services catered specifically for high volume traders such as its tiered trading fee discount program Increased support for corporate accounts including customization of API and withdrawal limits Creating a new division known as Binance Research Plans to create Sub-Accounts for Institutional investors. Each client could have the possibility of 200 such sub accounts under one account What are your thoughts on Binance adding PAX to the newly created stablecoin market? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Binance Adds Paxos Standard (PAX) To its New Stablecoin Market (USDⓈ) appeared first on Ethereum World News.

19 days ago

Dexon Code Review: dApp Blockchain Platform

Dexon Code Review - sounds like an oil company, but no! Surprise, it’s the ‘premier blockchain platform for developing dApps’. Might be news to a few other platforms, but sure, let’s go with that. By the way, Dapps? dApps? DApps? D’apps? (I made the last one up, but again, why not?) I think we should all just agree to call them supercallifragilisticdistributedapplications and be done with it. So what’s the pitch: “DApps mass adoption is made possible with DEXON’s infinitely scalable, low-latency, and energy-efficient blocklattice technology.” Infinitely scalable. Why are people still using this term? There is no such thing. We don’t even know if the universe is infinite, or inflationary. Overly simplified, Dexon is a transaction DAG with broadcast BFT. This works when you have a small set of BFT nodes, and all are known. Dexon provided us with their simulation code, let’s have a look. We start with simulation and simulation config. Total order voted on, (I’m assuming voted, I haven’t seen the code yet). Validator, not yet sure how elected or setup. Consensus needs awareness of the governance, db, and network overlay. This is our entry point. We setup a validator list and a network model. Each node is a validator? Servers that maintain a peer list. For now, let’s look at localTCP simulation. Create a list of NewTCPNetwork (with a specified PeerServer), true, PeerServer, networkModel, start the network, and add a new validator. All participants in this simulation is a validator. NewTCPNetwork, local = true, peerServer = cfg, model = NormalNetwork? http communication, Broadcast out a block to all known validators Broadcast vote to all known validators. This is done synchronously, could gain some speed by going async. Using protobuff for blocks. ETH crypto libraries. Leveldb. Prepare / ACK / Commit, standard BFT? Yeah, standard BFT. Chain compacting built in, using same broadcast BFT to choose, it’s cool. Leader selection built in. Reliable broadcast, using same lattice structure for block ACK’s. Dexon Code Review Conclusion: So, it’s good code (even if it is a simulation), well developed, neatly written, great documentation. Easy to follow. But, it’s just another DAG with validator BFT. All validators have to be known. Some cool things in here, I like reliable broadcast, I like total ordering, I like the way they pushed BFT into the agreement state. It’s cool. But, it’s just another BlockDAG BFT. Validators can vote semi independently and send their ack’s into their lattice and then share this lattice continuously. How are they getting infinite scalability or even sub second finality, I don’t know, as this network grows that will change, or the validators must remain constant. You can’t have both. You can scale with node participation, but then propagation takes longer (even with BFT), or you can keep a low validator subset and low finality, but then you can’t scale “infinitely”. The network size vs throughput argument remains. Do you send out 100 small blocks and have 100 nodes need to confirm them? Or do you send out 1 big block and have 100 nodes confirm it? The one has a lot higher network overhead with messages being transmitted between nodes. And thus far we have no comparative tests to even see the throughput and finality difference. You can chat about Dexon in our Telegram group. Disclaimer: Crypto Briefing code reviews are performed by auditing what is on display in the master branch of the repo’s made available. This was performed as an educational review and any comments in the article are the opinion of the writer. It is normal for code to change rapidly, hence we timestamp our code reviews so that they present a snapshot at a moment in time. Information contained herein should not be used as any comment or advice on the project as a whole. Dexon Code Review Timestamp: November 18th 2018 The post Dexon Code Review: dApp Blockchain Platform appeared first on Crypto Briefing.

20 days ago

Why Crypto Traders Might Need to Embrace Shorting Bitcoin (BTC) and Other Cryptocurrencies

Sunday the 25th of November will go down in history as the date Bitcoin (BTC) fell to $3,500 and Ethereum (ETH) went sub $100 when it was valued at $98 only hours ago. These major coins are now valued at $3,866 and $111 as we look forward to the final week of November. In the case of XRP, the digital asset has held its own at the number 2 spot after edging out Ethereum a few days back. XRP is currently valued at $0.35 and could be one of the biggest bargains of the recent crypto market crash if this turns out to be the end of the bear market. The Fall of Both BTC and ETH Cannot Be Ignored Going back in time to the first days of September 2018, Bitcoin (BTC) was comfortable at levels above $7,200. The King of Crypto has fallen by around 50% when we compare with today’s lows of around $3,500. In the same time period, Ethereum (ETH) fell from $300 levels to the recent low of $98. This is a drop of 67% in less than 3 months. Shorting on Bitmex, Bitfinex and Deribit Might Just Have to Be Learnt Many crypto traders choose to either buy/hold or trade with the hopes that the market value of their favorite digital assets will go up. However, this year - since February - has proven that there has never been a better time than now to learn how to trade against the market (shorting) on the platforms of Bitmex, Deribit and Bitfinex. But What is Shorting Short selling is defined as the sale of a digital asset that the seller has borrowed. In simple terms, the trader borrows a certain amount and sells to open the position expecting to buy back later at a lower price. If the trade is successful, he or she pays back the borrowed funds and keeps the difference. Use of Leverage on Bitmex, Bitfinex and Deribit The aforementioned platforms also offer what is known as leverage trading where the trader borrows several times the value of the trade. Bitmex offers 100x leverage; Bitfinex offers 3.3x leverage; and Derbit also offers 100 times leverage. This means that on a $10 trade, you can borrow up to $1,000. Your account must however hold a percentage of this amount in its balance that is used as collateral should the trade go south. What About the Risks of Being Liquidated? As Darwin once postulated, survival of the fittest might not be a theory relevant to only the jungles and wildlife. Survival of the fittest is also relevant in the crypto markets. Traders who have the confidence and skills to trade using such options offered on Bitmex, Deribit and Bitfinex, are best suited to take the risks of trading on the platforms. Luckily, there is also the option of learning how to short by using the Testnet version of Bitmex. Conclusion With Bitcoin losing half its value since September and Ethereum losing 67% of its value in the same time period, traders might need to rethink their usual trading strategies that are hinged on the market continually moving up. The bear market has taught us that there are other options of making profitable trades as the market goes down. However, such trading has its risks of liquidation and only those who are confident should attempt trading on these platforms. What are your thoughts on traders learning to embrace platforms such as Bitmex, Bitfinex and Deribit to short Bitcoin and other prominent cryptocurrencies? Please let us know in the comment section below. [Image courtesy of] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Why Crypto Traders Might Need to Embrace Shorting Bitcoin (BTC) and Other Cryptocurrencies appeared first on Ethereum World News.

21 days ago

Lisk On Sale!

My fellow Liskers, ​ For every upvote I get I will buy a Lisk :) ​ I am not here to FUD, I am not here to FOMO, I am here to say I believe in Lisk. As long as they have developers making commits and the technology is being developed I am rooting for the team. The technology behind Lisk to make it what it needs to be is so immense, difficult, and challenging. They truly are a sleeping giant so long as they continue to develop. ​ Lisk is on sale. When I got in the price was $1.60. It managed to reach almost $50. Now its back down to almost $1.60 again. Thats awesome. If bitcoin keeps dropping down even to $1000USD-BTC we may see Lisk sub $1. However I am happy Lisk is cheap now because I remember when Lisk was $4, or $8, or $12, or $30 and I wish I had more. If you want to sell, panic sell to me.

a month ago

The best way to fight censorship is together. Share with the...

The best way to fight censorship is together. Share with the Substratum Community a time in your life you have been…

a month ago

Bitcoin Price Analysis: BTC Bearish Drop, Sub $6k Levels in Store?

Bitcoin has had a bearish start to the week recording three consecutive losing days. Today it is recording the most bearish movements of the week with Bitcoin losing about 2% over the past 24 hours. Altcoins have had a mixed performance so far this week but today’s losses are also bearish for the altcoin market with many recording double-digit losses over the past 24 hours. This latest drop has brought the total cryptocurrency market cap to $203 Billion with Bitcoin representing over 53% of this. The most bullish scenario for Bitcoin has been the higher lows which have been forming since June. Today’s drop brings price action far below the last higher low and leads to a far more bearish market structure. Price is trading around $6130 at the time of writing, but with strong seller momentum, it may drop further. Bitcoin Daily Chart - Source: This drop brings Bitcoin close to the important $6000 mark. There has been significant support around this point a number of times this year, but after multiple tests, the next movement below $6000 may result in a sharp downward movement below. Bitcoin has already dropped below $6000 twice this year and priced in a low around $5750. Both times, the price quickly retraced back above $6000. This time, buyers may not be as quick to rush in and bring the price back above $6000. The hourly chart shows support coming in to play around the trend line connecting the higher lows forming since June. The eventual break below this point resulted in a sharp decline. Momentum is currently strong on the side of sellers with both the MACD and RSI decreasing. The outlook is bearish for the market leader. Bitcoin Hourly Chart - Source: Key Takeaways: Bitcoin breaks higher low trend line which has been forming since June. The outlook for the market leader is bearish with strong seller momentum. A return to the important $6000 point may result in a sharp decline below. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Bitcoin Price Analysis: BTC Bearish Drop, Sub $6k Levels in Store? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

Bitcoin Unspent Transaction Output Accumulation Could Signal Crypto’s Next Bull Run

Since crypto’s recent lull, optimistic industry insiders have claimed that cryptocurrency investors, whether from retail or institutional backgrounds, have continued to purchase Bitcoin (BTC) en-masse and on the cheap. Although this sentiment has been nothing more than unconfirmed hearsay, research recently completed by Twitter user ‘FlibFlib’ could indicate that that the aforementioned claims have credence. More specifically, the UTXO set size has seen a slow, but steady rise, even though BTC volatility is nothing more than a distant memory. You might be thinking: this is all well and good, but what are UTXOs? What Are UTXOs? Well, for the uninitiated crypto enthusiasts, Bitcoin uses a system based on inputs and outputs to accurately manage transactions and wallet data. While inputs are self-explanatory, outputs, or unspent transaction outputs (UTXOs) to be more specific, can get a bit complicated for crypto fresh meat, so to speak. Simply put, it is impossible for the Bitcoin Network to split up outputs into fractions. So, to fix this issue, Satoshi coded in UTXOs, which split up outputs into “spent” and “unspent” values to create a change system, which makes the accounting process easier. But what does this look like in a real-world scenario? Let’s say Alice receives five BTC in a single transaction, making up all the coins in her wallet. While she may need to only send one BTC to Bob, her wallet will automatically send her full balance, sending one BTC to Bob in a “spent” output, and four back to herself in a newly-created change address — the “unspent” output. It is important to note that UTXOs aren’t present on all blockchain networks, with Ethereum using the simpler accounting mechanism to calculate a wallet’s balance or transaction amount. Regardless of your preference of the two systems, UTXOs play a key role in the analysis done by FlibFlib, which surprisingly paints a bullish picture for the cryptocurrency market as a whole. “Bitcoin Accumulation [Could Be] Well Underway” As alluded to earlier, FlibFlib, an insightful crypto trader and analyst, recently took to Twitter to express his opinions that the growing number of unspent outputs could indicate that Bitcoin is undergoing an accumulation phase. In an accompanying image, UTXO and the value of BTC were put beside each other, drawing connections and trying to discern how the two charts relate. Ive Analyzed Unspent Transaction Output (UTXO) along side $BTC price It rationalizes whats occurring in the market on the assumption that an increase in UTXO means Accumulation and a decrease means Distribution It appears to support the idea that accumulation is well underway — fil₿fil₿ (@filbfilb) November 13, 2018 The analyst first explained that a rise in UTXO count indicates that accumulation is occurring, subsequently drawing attention to the “smart money” traders that bought and held BTC en-masse prior to 2017’s bull run. UTXOs continued to rise drastically until a few weeks after Bitcoin’s $20,000 peak, when the indicator saw a sharp decline in correlation with BTC’s strong move under $10,000, signaling that a substantial number of traders and investors had sold their holdings in a state of panic. In fact, by July, UTXOs had seen a 20% haircut from its all-time high, returning to levels seen before Bitcoin first surpassed $10,000 in November 2017. However, since July’s year-to-date low, the lesser-known indicator has been on a tear, outperforming BTC by a handful of percentage points. Flib explained: “[The chart] appears to support the idea that accumulation is well underway... More people are accumulating a hold position. We could go sub 6k but anything less than 5.5 seems unlikely at this stage.” The analyst then explained the theory that the most recent 20% drop in UTXOs can be chalked up to the Mt.Gox creditor’s unloading of coins and the end of 2017’s cycle. Touching on what could send BTC higher, they claimed that the unspent output indicator will need to see a “significant uptick,” coupled with a slight increase in bitcoin’s value, to indicate that the bear market has finally run its course. Featured Image from Shutterstock The post Bitcoin Unspent Transaction Output Accumulation Could Signal Crypto’s Next Bull Run appeared first on NewsBTC.

a month ago

Substratum Has Successfully Bypassed China's Great Firewall

Substratum’s (SUB) new SubstratumNode system recently proved it’s capable of bypassing China’s great firewall, the mechanism in China that prevents citizens from accessing certain unapproved websites like YouTube and Google. A Chinese citizen and beta tester demonstrated that while using a SubstratumNode, they were able to access numerous websites that are otherwise blocked by the Chinese government. The SubstratumNode is part one of a three-part ecosystem designed by Substratum that also includes the crypto payment gateway ‘CryptoPay’ and a fiat to altcoin exchange named “Amplify Exchange.’ (JF)

a month ago

Binance Opens its Doors to Institutional Investors

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

a month ago

A reason why this community is divided

The reason is simple: **The reason why we many of us are frustrated is because it feels like they manipulated people in an effort to get us to continue holding the coin.** How? : **By stating what their releases are in an effort to make the project very attractive to people to buy the coin and hold it knowing full well that they were intending to divert resources elsewhere or releases would take longer than it seems.** **The result**: Sentiment is at its lowest. Crypto retail investors outside this sub have low perception and stay away from this project. South Koreans stay away. What this means is that no one will actually come in to buy the coin. What this means is a slow bleed unless some massive catalyst occurs, but we don't get that info. I mean, if LINE was going to use ICX and hundreds of millions are using it, then that is the biggest catalyst we have seen. But it looks like that is not the case, otherwise it would have been stated. **Even worse:** The token unlock is even worse because while we are holding it and being mislead, advisors got to take their profits. ​ This doesn't reflect enterprise, as government involvement and enterprise in South Korea is rising for the project. They are doing excellent work in South Korea and moving forward as a company. I am not knocking that. I am talking purely of retail investors, the actual people using their money to hold the coins in the public network. Search around outside this sub and you will see ICX is always shitted on. ​ Yes the bear market is part of it. Yes it has happened across the board - but not to all projects. []( Icon is #7 out of the top 100 in terms of worst performance. Many have held relatively well. This is because expectations were realistically established and people knew what to expect. ​ **Ask yourself this simple question:** If ICON came out back in December and said the main net, dApps, DEX, Staking will be ready in 2019, would you have invested at all in December 2017 or 2018. The answer is no. Maybe to ride the pump, but what use would it be to actually hold the coin? The answer is none. You would have waited until things are ready to go to invest. Clearly the project has good fundamentals, and they are making progress and can certainly be at the forefront many years from now. ​ This is the source for all of our frustration. This very 20 second moment captured on video starting at 5:55. Here is a video where Min basically lied saying what would be available right away: []( >Chico: "One last question, the main net you talked about, do you guys have a date you are looking at? > >Min: So we have announced we are going to be doing this 4th quarter of this year. The main net will be live this time soon. That is a much shorter time frame than a lot of the other projects you see out there because as I mentioned, we have been building our product for about 2 years. So we just have to fine tune the thing. Our main net is launching very quickly. And then our ICX token will be available right away. Our DEX will be available right away. ​ This is what spawned all the chatter on social media and made people buy in. That moment right there. That moment is what created our high expectations, and has caused all of this dissonance and frustration because the reality is not meeting these expectations. ​ This was a straight up LIE. End of story. And we're pissed because this lie is what is making people still cling on to their bags out of hope. Sorry but if that indeed was a mistake (As Min stated in Telegram back in July/August), then you need to be more prepared if you are going to be the face of the project. That "mistake" has eroded the confidence of millions of dollars of investment money. But good thing they are in Switzerland, so they don't have to worry about what they say being considered market manipulation. ​ **Anticipated points** ​ **Building software takes time. You are an impatient moon boy. This is a new area of development and problems come up** Well, then why raise funds in an ICO if you're building your private business relations anyway? Hashgraph, Hyperledger and others focused on enterprise blockchains but didn't raise money for a public ICO. Was it just a cash grab? Why raise $45 million, if that $45 million is not going to focus on development of the public chain? Min even stated they had to divert resources to building the loop (now ICONLOOP), while we twiddled our thumbs because in 3-5 years it will all connect together. ​ So that tells me that the raising of public funds was a selling point for the ICONLOOP business to land more private business deals, and that the public's interest will be dealt with later. That makes sense to me and why a lot of

a month ago

The Substratum Ecosystem: Why These Three Companies Will Ena...

The Substratum Ecosystem: Why These Three Companies Will Enable the “Substratum Network Effect”…

a month ago

Substratum Announces New Type of Crypto Exchange, beats China’s Great Firewall

Exchanges can currently be divided into two distinct categories, centralized such as Coinbase or decentralized such as IDEX. A hybrid may be on the horizon, however, from the founder of Substratum. A Distributed and DEX Combo According to PR Newswire Substratum has announced the development of Amplify Exchange, its new-fangled combination of distributed and decentralized exchange. It aims to provide crypto/fiat gateways for the top one hundred digital currencies when launched. The exchange is being touted as an easy to use platform enabling traders to buy and sell directly from their bank or credit accounts. Additionally it will be a payment platform for users to buy and sell from merchants accepting crypto. Founder and CEO of Substratum, Justin Tabb, stated; “I am thrilled to announce the introduction of AMPLIFY EXCHANGE. It had been my vision from the day I started Substratum to build an ecosystem of products that work great independently, but are truly exceptional when used all together. With our Amplify Exchange we wanted to give everyone, regardless of his/her location or crypto expertise, the ability to easily get into and out of crypto tokens and coins. This has never been done before.” The new exchange is the third product in the Substratum ecosystem with SubstratumNode and CryptoPay preceding it. The nodes will verify the transactions on Amplify enabling earnings in AMPX and SUB tokens for those running them. Cracking China’s Censorship Machine Substratum has been designed to decentralize the web by eliminating censorship imposed by repressive regimes, China being the prime example. Substratum nodes are designed to serve content to those where internet access is restricted, similar to a VPN. This technology, along with a whole raft of other internet and crypto related things, has been banned in China. By using a global network of nodes running on user’s computers Substratum will be harder to block than regular VPN’s which have websites and centralized servers. The team already claims to have successfully routed network traffic through China’s great firewall and has posted videos on accessing blocked services such as Reddit. How to use @reddit in #China? #SubstratumNode will gain you access to all internet content worldwide. #InternetCensorship comes to an end with the #Substratum Network. $sub #technology #bitcoin #blockchain — Substratum (@SubstratumNet) November 5, 2018 A decentralized network powered by individuals with the goal of liberating internet access in heavily censored countries is coming closer to reality. As with many altcoins though, SUB has suffered a major attack of the bears this year. The token has fallen over 95% from its January all-time high of $2.90. It is currently trading around $0.11, down 2.5% on the day but up almost 4% on the week. The post Substratum Announces New Type of Crypto Exchange, beats China’s Great Firewall appeared first on NewsBTC.

a month ago

South Korean Crypto Exchange Bithumb To Launch US Security Token Platform

In spite of their relative youth, security tokens have been lauded as the inevitable future of the crypto and blockchain industry. While some pundits would beg to differ, security tokens moved a step closer towards global adoption on Thursday, as it was revealed that Bithumb has plans to launch a cutting-edge U.S.-based platform. South Korea’s Bithumb Joins Hands With US-based SeriesOne Per an exclusive report from Yonhap News, a Seoul-based news outlet, Bithumb, a leading cryptocurrency startup in South Korea, has just inked a strategic deal with SeriesOne. The unexpected deal, which was relayed by anonymous industry sources, reportedly outlined a collaborative effort between the two aforementioned entities that would see SeriesOne, an America-based crypto-centric crowdfunding portal, help Bithumb establish a platform in the United States. The platform, which will be backed by “technical support” from SeriesOne, will reportedly be hinged on the trading of security tokens, which are blockchain-based tokens that mirror real-world assets deemed securities by financial regulators. Commenting on the apparent move, an official from the aforementioned South Korean cryptocurrency platform told Yonhap: “SeriesOne actively sought to strike a deal with Bithumb after assessing it as the most suitable partner... Bithumb will ramp up efforts to develop into a global financial firm as the blockchain-based asset tokenization is expected to spread globally down the road.” According to those familiar with the matter, SeriesOne is eyeing to launch the security token platform, which remains unnamed, in the U.S. during the first half of 2019. While SeriesOne is a lesser-known startup in the broader cryptocurrency ecosystem, many have high hopes for the partnership, as the crowdfunding firm has been accredited by the Securities and Exchange Commision (SEC), the de-facto regulatory face of America’s financial markets. On the other end of the partnership, SeriesOne has established a South Korean subsidiary, presumably with Bithumb’s help and local expertise, to issue and offer security tokens within the Asian nation. This move comes only weeks after Bithumb and One Root Network unveiled their globally-focused decentralized exchange (DEX), which allows consumers to issue crypto-to-crypto trades without routing their information through a centralized authority or body. The Push For Security Token Adoption For the uninitiated, as alluded to earlier, security tokens are a recently-established genre of cryptocurrency that allows for retail, institutional, and merchant investors to hold securitized assets, like shares, bonds, and options, via blockchain technologies. While the classical management system for securities is still functional, the sentiment is that over time, as crypto assets continue to garner traction, consumers and corporations alike will seek to make legacy programs more effective, cost-efficient, decentralized, and easier to track by situating said programs on blockchains and similar contemporary mediums of data storage. And although security tokens have yet to see worldwide approval, this sub industry has seen its fair share of positive developments in the past few months. In early-September, David Sacks, Paypal’s former chief operating officer, was revealed to have joined the advisory board of 0x, the company behind the well-known decentralized exchange protocol that shares its name. As per a Fortune report, Harbor, a compliance platform aimed at the security tokens space, will be working with 0x alongside Sacks, who is invested in Harbor. Speaking on the partnership 0x CEO Will Warren, who is a die-hard for tokenized securities, expressed his excitement for this emerging cryptocurrency type, stating: “In the next five years, there will be a massive shift away from securities being in closed systems that are highly regulated and hard to access. It will be a much more open system where trading location is less important. But for this to happen, there needs to be a security token tech stack.” Laimnonas Noreika, CEO of Desico, echoed this sentiment, recently telling Forbes: “Tokenized securities are bridging the gap between traditional financial markets and crypto markets because they are aligned with everyone’s interest. Regulators want to protect the investors, investors want their assets tradable, and crowds from all over the world want to invest in the most promising startups at an early stage.” So make no mistake, although security tokens may seem like nothing more than a catchy buzzword, this innovation, which is still getting fleshed out, could be the sole catalyst that pushes the cryptocurrency market to new heights. Featured Image from Shutterstock The post South Korean Crypto Exchange Bithumb To Launch US Security Token Platform appeared first on NewsBTC.

2 months ago

6 Unexpected Altcoin Delistings Enforced by OKEx

While it is not uncommon for exchanges and trading platforms to delist specific currencies these days, OKEx is doing things in grand fashion. The platform is removing several dozen currencies at once, all because they do not perform as expected or hoped. The following six currencies stand out a bit in this regard, as they tend to generate some buzz. #6 NAGA One of the biggest surprises on OKEx’s delisting list is how NAGA will be removed from this trading platform. NAGA Positions itself as a decentralized cryptocurrency for trading and investing. It also has the backing of Roger Ver, one of the more prolific users in all of cryptocurrency. Even so, the coin is to be removed from OKEx tomorrow. It remains available on Bittrex and Upbit, until further notice. #5 Monetha Although there has never been too much excitement surrounding Monetha, a fair few people will be surprised to see OKEx delist Monetha all of a sudden. This altcoin has dropped in market cap rankings and is almost outside of the top 400 at this stage. Losing OKEx is a big deal, as the platform offers three trading pairs for this altcoin. It will remain listed on Binance and Mercatox. #4 Bread The native “currency” of the popular iOS Bitcoin wallet Bread seemingly isn’t performing as one would have expected. Its volume on OKEx has all but dried up, and removing this currency from the exchange seems to make a lot of sense. Binance generates a lot of volume for BRD right now, thus the removal from OKEx should not disrupt the flow too much. #3 Metal Although the cryptocurrency community has built up a love-hate relationship with Metal over the past year, the altcoin is getting removed from OKEx. Although metal no longer is in the top 200 market cap rankings, the loss of OKEx can shake things up a bit. For now, this altcoin will have to rely on Binance and Upbit for its trading volume. #2 Substratum This particular altcoin is one of those currencies which generated a lot of initial excitement, yet seems to have tapered off somewhat ever since. That is not abnormal where altcoins are concerned, although Substratum will pay the price in terms of an OKEx delisting. For the altcoin, OKEx is its second-biggest market, although Binance generates over 92% of all trades on a daily basis. #1 Iconomi For a currency still in the market cap top 150, one would expect Iconomi to generate a lot more trading volume on OKEx. That is, unfortunately, not the case, forcing the exchange to delist this currency altogether. Most of this altcoin’s volume comes from Kraken and Bitsane, this OKEx’s removal will not have any real impact for the foreseeable future. The post 6 Unexpected Altcoin Delistings Enforced by OKEx appeared first on NullTX.

2 months ago

Bitcoin [BTC] and other cryptocurrency trading platforms among 21 websites flagged by Belgium’s FSMA

On October 27, the Belgian Financial Services and Markets Authority [FSMA] made it clear that they were taking the cryptocurrency market seriously by updating the list of fraudulent cryptocurrency websites. The financial watchdog announced that they had added twenty-one websites to the already existing list, taking the total number of flagged websites to a total of ninety-nine. The regulatory body stated: “We have also updated the list of cryptocurrency trading platforms which was flagged for indications of fraud, adding 21 new suspect sites. This list now comprises a total of 99 websites.” The body went on to say that all the fraudulent websites have an underlying common factor: the promise of a high rate of return. These false assurances lure in a lot of unknowing investors, resulting in a lot of them losing money in the process. The FSMA added: “All these promises are worthless, however, if an offer is fraudulent, the promises that accompany it are equally so.” The new entrants into the list are:,,,,,,,,,,,,,,,,,,,, and The rapid entry of cryptocurrencies such as Bitcoin [BTC] into the Belgian market has been apparent for some time now, with the growing number of cryptocurrency ATMs reflecting the development. Antwerp, a popular city in Belgium, is home to three Bitcoin ATMs, while Brussels, the capital of Belgium, holds two ATMs that dispense virtual assets. The FSMA has also admitted to the rampant frauds in the field by saying: “In spite of prior warnings by the FSMA, cryptocurrency fraud continues to trap ever more victims in Belgium.” In an earlier discussion on Bloomberg, Yo Sub Kwon, the CEO of Hosho Group, a smart contract, and security company had stated that most of the regulations that exist right now basically tend to help the fraudster. He had stated: “The only way to counter this is to ensure that they work together and are aware of the security protocols. They should come up with a system that alerts any sudden huge deposits so that in case of a hack, the transaction can be tracked back.” The post Bitcoin [BTC] and other cryptocurrency trading platforms among 21 websites flagged by Belgium’s FSMA appeared first on AMBCrypto.

2 months ago

PR: Debut of USDD - A Stable Coin That Pays You Interest

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. does not endorse nor support this product/service. is not responsible for or liable for any content, accuracy or quality within the press release. USDD - The world’s first dollar-backed and interest-bearing stable coin, with interest payments every 24 hours, will be officially released on October 31st by 55 Global Markets. The USDD value is 100% supported by a US dollar reserve, funds are held in trust for the benefit of tokenholders by PrimeTrust ( as trustee, a third-party trust company that has relationships with major US banks. Cohen & Company (, a third-party independent accounting firm will conduct monthly examinations of management’s Trust Holdings Report in accordance with Statements on Standards for Attestation Engagements established by the American Institute of Certified Public Accountants. USDD supports highly efficient purchases and redemptions based on the 55 OTC market and DaoCoin infrastructure. Investors are eager to find a transparent and efficient stable coin, as they expect not only to reduce the risk of market volatility, but also to obtain interest on the hedged investments and maximize the use of funds. Based on this demand, 55 Global Markets has used the DaoCoin infrastructure to issue a transparent and efficient interest-bearing stable coin, the USDD. USDD has the following characteristics: Automatic payment of interest every 24 hours Once, every 24 hours, USDD interest is calculated and sent to the 55 wallet. 100% transparency with compliance supervision The USDD value is 100% supported by a US dollar reserve. The funds are held in trust for the benefit of tokenholders by PrimeTrust ( as trustee, a third-party trust company that has relationships with major US banks. USDD is issued by the European licensee 55 Global Markets, which is strictly regulated. Monthly Audits Cohen & Company (, a third-party independent accounting firm will conduct monthly examinations of management’s Trust Holdings Report, to achieve third-party review of fixed assets. Truthful, effective and with 100% redemption reserves. Real time disclosure The official website, will disclose the reserve fund’s balance and the number of tokens in circulation in real time. Users can check the balance of the USDD account, total interest, interest already distributed, etc. at any time; all information is 100% transparent. Highly effecient purchase/ redemption With 55 Global Markets, users can choose to quickly convert USDT to USDD with the one-button no-fee feature, or use the fiat currency to obtain or sell USDD from the 55 OTC market. The DaoCoin infrastructure also supports highly efficient redemption. 55 Global Markets measurement stable currency The USDD will be used as a measurement stable coin for 55 Global Markets platforms’ transactions with all tokenized assets and cryptocurrencies (including but not limited to BTC, ETH, FF, etc.) 55 Global Markets is a next-generation asset trading platform driven by blockchain technology. It established 6 sub markets facilitating exchange of various forms of token. 55 Global Markets target of transactions is not limited to crypto assets like BTC or ETH, it also diverts to pools of traditionally meaningful and broader liquidity, such as real estate, private equity, foreign exchange, precious metals and even individuals’time. Based on strength of cooperation with the partners, any third-party business organization or individual can tokenize their assets or interests in the physical world. They can then enter the 55 Global markets Blockchain Token Exchange (B -Site), Local Business Token Exchange (L-Site), Personal Token Exchange (P-Site), Forex Token Exchange (F-Site) , Stock Token Exchange (S-Site), Commodity Token Exchange (C-Site), conducting worldwide round-the-clock trading. Press Contact Email Address: Supporting Link: This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post PR: Debut of USDD - A Stable Coin That Pays You Interest appeared first on Bitcoin News.

2 months ago

Ethereum Testnet Issues Now Fixed

Within hours of a bug that split Ethereum’s testnet being found, the problem was fixed and as was predicted, the glitch was related with the new Ethereum Improvement Proposal (EIP) which adds efficiency gains to calculations with only Parity to apparently be affected. A Rust developer called, Wei Tang said: “The bug has been fixed. It affects parity and aleth, which we had the same bug,” with aleth being a C++ eth client. He continued to say, “I fixed the SSTORE refund saturating sub bug and confirmed that it indeed computed the same state root as geth. I guess when Afri wakes up, we’ll try to get a patch release really soon which should fix the current consensus issue on Ropsten.” An Ethereum developer called Martin Holst Swende tested the fix with it showing that the two main clients of Ethereum, Geth and Parity, can now be in sync. An independent research and software dev, Alexey Akhunov spoke on the matter and said: “I suppose Parity just uses a different way of accounting the refunds. Instead of having global counter + changes in the journal, it has substrates with their own counters, which could be applied or not applied (if reverted) during the finalisation. I remember that geth had a similar approach before Shanghai DoS and then changed it to the journal. But I suppose Parity is much more sparing with allocations, so it can afford that.” According to TRUSTNODES, this essentially means they take an alternate approach to calculating gas which is all well and good if they reach the same result. Tang says: “It is related to a gas refund for SSTORE gas reduction. Our code failed to account for the case that a substate refund can go negative. “The general idea to hard fork Ropsten is so that we can have real-world data to test the Constantinople hard fork so that bugs like this can be spotted. We had some expectations that Ropsten might be down for a few days (but we didn’t expect it to be a Saturday!). Of course, any consensus bugs on mainnet would be really serious.” Since the bug has now been found and fixed, Parity needs to release a new client of sorts, after a new testnet block will be set and thus beginning the testing process once more. What are your thoughts? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Ethereum Testnet Issues Now Fixed appeared first on Crypto Daily™.

2 months ago

Africa’s economies are still too far off fulfilling the “Africa rising” narrative

African economies will require significant work to compete at on global scale. In the latest Global Competitiveness Index—a report compiled by the World Economic Forum—African countries make up 17 of the bottom 20 nations. While the global median score is 60, the median in sub Saharan Africa (45.2) is the lowest for all the regions analyzed. The annual index ranks countries based on 12 pillars based broadly on these factors: an enabling environment, markets, human capital and an innovation ecosystem. Each of the 140 countries are ranked based on their scores out of 100. Mauritius and South Africa are among the few bright spots with both being the only two African nations in the top half of the index. Mauritius’ top ranking is hinged on scoring high on pillars, especially strong institutions. Its 62.9 score on institutions is particularly considered a “considerable competitive advantage” in sub Saharan Africa as 65% of economies in the region score below 50. Top ten ranked African countries Rank Score Mauritius 49 63.7 South Africa 67 60.8 Seychelles 74 58.5 Morocco 75 55.6 Tunisia 87 54.5 Botswana 90 55.6 Algeria 92 54.5 Kenya 93 53.8 Egypt 94 53.8 Namibia 100 52.7 Across the board, sub Saharan Africa posts the weakest average regional performance on 10 out of the 12 pillars analyzed, including information communications technology adoption and the human capital pillars of health and skills. As Quartz has previously reported, internet costs are higher in Africa than everywhere else while internet speeds across Africa are still far below the global minimum standard. The scale of human capital spending is also reflected the World Bank’s first ever Human Capital Index released this month. Nigeria—Africa’s largest economy—ranks 152nd of 157 countries analyzed and Africa accounts for the entire bottom 10. Boosting scores on future indexes and creating more competitive economies, the report says, will depend on how “old developmental issues”—mainly weak institutions, poor infrastructure and skills deficit—are resolved. “The much-vaunted economic leapfrogging will not happen unless these issues are addressed decisively,” the report adds. Sign up to the Quartz Africa Weekly Brief here for news and analysis on African business, tech and innovation in your inbox Sign up for the Quartz Africa Weekly Brief — the most important and interesting news from across the continent, in your inbox.

2 months ago

Cryptocurrency exchanges should work together to deter hacking attacks, says CEO of Hosho Group

In order to deter the ever-increasing hacking attacks on their systems, cryptocurrency exchange platforms should deploy security protocols in coordination, opined Yo Sub Kwon, the CEO of Hosho Group, a smart contract auditing, and security firm. Speaking at Bloomberg’s Sooner Than You Think event, Kwon said that most fraudsters, more often than not, funnel the funds stolen to other exchanges as a security measure. As the security measures and protocols of exchanges are different and exclusive, they essentially ‘help’ the hackers, he said. Kwon further explained: “The only way to counter this is to ensure that they work together and are aware of the security protocols. They should come up with a system that alerts any sudden huge deposits so that in case of a hack, the transaction can be tracked back.” The CEO added that most attacks are fairly simple and do not involve any major technological element. Therefore, it is easy to secure the transactions if the exchanges work in tandem. Reciprocating Kwon’s view, Stacy Scott, managing director of cyber security and investigations at Kroll, said that it is an ideal solution to the problem. According to her, most hacking attacks are untraceable because of the technology involved. She said: “Most hackers communicate through channels facilitated by exchanges or through social media. To track the perpetuators, the investigation team has to search through the trails left behind by the communication channels.” Apart from working together, exchanges should educate users about the dangers involved, Scott said. Kara Coppa, BLAKFX co-founder and COO, said that security in itself revolves around integrity, cooperation, and authentication. These parameters can be further strengthened if the exchanges work together and users will have a much secure environment, she added. The post Cryptocurrency exchanges should work together to deter hacking attacks, says CEO of Hosho Group appeared first on AMBCrypto.

2 months ago

Bitcoin Price Analysis: Bulls Defend Yearly Support Amidst Wall Street Slump

As Bitcoin price moves towards the second weekly close of October, we recap what happened during the week and look at the bullish versus bearish case for the number one cryptocurrency. 1 Day chart Bitcoin price 00 has spent most of October in a tight range oscillating between lows of $6400 and highs of $6,650 as it continued a slow grind towards the horizontal resistance, which has capped the cryptocurrency’s price since January 2018. Price action continued to respect this range until Wednesday the 10th where Bitcoin began a sharp decline of around 8% from $6,600 which lasted two days, testing yearly support at lows of $6,051. This decline coincided with a large sell-off in stock markets across the world, which was largely sparked by a recent spike above 3.25% in the yield on 10-year US Treasury note for the first time since 2011. The significance meaning that the cost of borrowing would increase and negatively impact consumer spending and corporate investment, which would ultimately reduce the output of the listed companies. This is the second wobble in the stock market during 2018, the first of which came at the end of January, which also seemingly sparked a large decline for Bitcoin, although back in January the decline represented a 40% reduction from around $11,000. When the S&P fell 7% at the end of Jan 2018 $btc lost 40% of its value. SPX -7% this week btc is c.-6%. Losers this week: Netflix -12%Tesla -5%Apple -4%Twitter -5% There could be some more to come for $SPX but you need to pay attention to these things. — fil₿fil₿ (@filbfilb) October 12, 2018 One important thing to note here is that Bitcoin behaved in a similar risk off way as other equities. Bitcoin, while aspiring to be a safe haven asset, actually behaved as a speculative asset and did not receive the appreciation seen in traditional flight-to-safety commodities Gold and Silver. While some significant ground was lost, Bitcoin did not slide into the $5,000s or lower, which certainly would have occurred earlier in the year. This may be indicative that Bitcoin is relatively close to the bottom, but its future price action will be at the mercy of the wider economic environment. Therefore the first couple of days trading on Wall Street is likely to influence the directional bias for Bitcoin price. Weekend Appreciation Bitcoin found temporary support at $6,051 on Thursday and the bears have failed to push lower, with price looking to be ranging within the 23.6% retracement of decline at around $6,200. Over Saturday night, the bulls broke out of what looked like a bear flag and pushed up to the 50% retracement at $6,355, before being sharply rejected. The bears will be looking to capitalize on the rejection and look to realize the AB=CD or bear flag target which would see prices reaching for the lowest range of yearly support at $5,800 Weekly Chart The weekly chart shows that the Bulls really have one objective for the final day of this week. Price must remain above $6150 to avoid the lowest weekly close of 201,8 which has held since June. This would only provide temporary relief for the bulls who then need to push price over $6400 to avoid the same on the monthly chart. With this in mind and with the bears continuing to push Bitcoin back to its support we can take a look at other sentiment indicators to see if there are any clues about underlying strength or weakness for the bulls and bears. There is generally a growing fear endemic in the Bitcoin community, with unclear market events such as USD tether trading at a discount and weakening buyer action at support. An attempt to measure this is made by the Crypto Fear and Greed index, which uses various weighted inputs to deliver an index which shows sentient. Last week, this reached out to yearly lows and it was quite prevalent on Twitter, with many believing $6,000 would not hold. Looking at this as a chart, it would indicate that if past history were an indicator, that many contrarians may view this fear as a buying opportunity. Mounting Shorts Margin Short positions margin shared by Bitfinex are over 35k, reaching for all-time highs and suggest that traders are confident betting on betting on lower prices. Historically there has been an inverse relationship between mounting short positions and future price action. We can see where the short positions were built and are therefore exposed, but a high number of short positions does not necessarily imply higher prices. Almost half of all short positions are built from a base of $8,500 with the rest being deep in profit from around $14k. Clearly, these positions will need to be closed at some point, but with a short squeeze being some 30% above current price action, it feels a long way off and it may be that the closing will occur if sub $6,000 prices are realized by the bears. Around 75% of the remaining Long positions are from lower prices. It is likely that a break below $5,800 will trigger the sto

2 months ago

Dogecoin Price Rebounds Slightly as Traders Diversify Holdings

Today is shaping up to be a very intriguing day for all cryptocurrencies. The overwhelming bearish pressure is still in full effect, albeit some currencies are showing some positive signs. Dogecoin, for example, is doing a lot of things right, as the currency is finally noting some gains once again. Dogecoin Price is on the Mend, for Now It has been a very peculiar trend throughout 2018. More often than not, a declining Bitcoin value tends to have a positive impact on the Dogecoin price. That in itself is always a bit controversial, even though there is no reason to think altcoins will continue to rely on Bitcoin’s momentum for the foreseeable future. Over the past 24 hours, the value of Dogecoin has noted a near 5% increase. This is in line with the gains in the DOGE/BTC ratio, as that has also shifted by roughly 5%. Because of these gains, the Dogecoin market cap has risen above $600m once again. A positive trend, especially when considering how things looked a lot bleaker just a few days ago. No one will deny Dogecoin has one of the biggest cryptocurrency communities to date. A new poll organized by AltcoinShops seeks to prove this sentiment once again, as they are having a “final tournament” to determine the strongest community. DOGE is fighting XRP, TRON, and Substratum in this rather unusual mix. FINALS! Which #crypto community is the absolute STRONGEST? The winner of this #poll will win a FREE article in Altcoin Magazine so make your vote, comment, like and retweet! In this final round we have @Ripple $XRP, @Tronfoundation $TRX, @SubstratumNet $SUB, and @dogecoin $DOGE! — Altcoin Magazine (@Alt__Magazine) October 11, 2018 Despite the current gains being noted, not everyone is confident things will continue to head in the right direction moving forward. Linus Harbington, for example, is confident there will still be a pullback to $0.0044. Afterward, a strong surge to $0.02 might occur. Interesting ideas, although the future can look very different. $DOGE #dogecoin in the process of completing its pullback, targeting $0.0044. After that, it's looking very bullish. Conservative target of $0.020 (ATH), but we may see it go as high as $0.033. I anticipate this to move in lock-step with $ETH #ethereum, pending any catalysts. — Linus Harbington (@harbington) October 12, 2018 As is usually the case, there are also those who convey the message of holding one’s coins at all times. ReZource Guy is confident now is the time to hold Dogecoin and Litecoin, even though the momentum earlier today looked anything but promising. So far, the advice is paying off, as the trend has effectively reversed for one of the two coins. Just keep HODLing. #LTC #DOGE #HODL — ReZource Guy (@ReZourceGuy) October 12, 2018 For the time being, traders still need to tread carefully where Dogecoin is concerned. It is a pretty solid market right now, yet the trading volume is anything but convincing. Additionally, there is a chance these small gains will trigger some profit-taking in quick succession, which can shake things up quite significantly. The post Dogecoin Price Rebounds Slightly as Traders Diversify Holdings appeared first on NullTX.

2 months ago

Reddit thread engagement!! Let's make it happen guys.

I know a lot of the ETC hodlers frequent this sub but may do so more in a lurking fashion than in a daily post or comment manner. I just want us as a whole (~1000 showing to be here at time of this post) to start spending more time just communicating with each other on this sub. It can be to discuss future projects, adoption, who is using ETC as a platform, etc or it can just be to talk about your life in general (got a girlfriend, broke up with a SO, new dog, new job, etc). I know that there are more people around these parts that are both passionate about ETC and crypto overall so I want to encourage everyone to take more to discuss that interest here as well as just their day to day interests outside of crypto. My hope is that more people will start to interact and engage with eachother and we can build up more support within the walls of this sub not just for ETC but for each others lives. If you have hopes, dreams, obstacles, frustrations, etc I think this could be a great place to discuss those things to become more connected as an ETC hodler community. Hopefully everyone is having a great year outside of the crypto bear market. There is so much development happening in crypto as a whole and ETC but life does exist outside of crypto. I think when people are down in their portfolio and holdings, its a great time to connect as people and try to remember that despite price action, there is a solid foundation and community behind this project! ...

2 months ago

Time to vote for DASH in BattleBracketz. Round 1 ends on Saturday and we need to make sure we win this.

Not sure who all in this sub have built a bracket for BattleBracketz, but there are only a few days left to vote for Dash to advance to round 2... Lets get the community to make sure we don't lose to Basic Attention in Round 1. Link: Showtime. ...

3 months ago

Bitcoin [BTC] Price Continues Bearish Movements- Is Sub $6k in Sight?

Bitcoin is undergoing its fourth consecutive drop today. The depreciation was small over the weekend but have been considerably larger these past two days. The key pattern which is still in play is the descending triangle which has been forming since January. The descending triangle would indicate that price is set to continue its decline Bitcoin [BTC] Price Continues Bearish Movements- Is Sub $6k in Sight? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News....

3 months ago

New Features to be Excited About In The Substratum Ecosystem...

New Features to be Excited About In The Substratum Ecosystem: SubstratumNode, CryptoPay, & Amplify...

3 months ago

The next leap forward for #cryptocurrency - CryptoPay & ...

The next leap forward for #cryptocurrency - CryptoPay & Amplify by Substratum Full video:

3 months ago

A Bitcoin Whale, Silk Road Rumoured to be Dumping Bitcoin Worth $1 Billion

It has been rumored that someone wants to dump $1 billion bitcoins in the market. Silk Road, the darknet website has been speculated by the internet to be this whale looking into dumping these bitcoins. It is believed that this enormous amount was facilitated from illegal bitcoin transactions on the darknet. In the last three days, the entity controlling the wallet has been moving BTC funds, and through the sub wallets, breaking them into 100-coin blocks. In the information posted on Reddit, so far 60,000 BTC has been transferred the same way. (KE)

3 months ago

Japan's Largest Bank Is Bullish On Ripple

At a recent conference, Steven Diep, a representative of Japan's largest bank, Mitsubishi UFJ Financial Group, Inc. praised Ripple for offering a better alternative to SWIFT. He said SWIFT takes long hours, and high fee to transfer money from one part of the world to another. Ripple can get the same transaction done under 30 seconds for a fraction of the fee. He also added that they're looking to integrate Ripple in any way they can. XRP is currently priced at $0.3359, losing 0.48% in the last 24 hours. (VS)

3 months ago

Regulatory Barriers to Bar Japanese and US Customers From Using LINE’s New Crypto

Line Corp. recently made headlines following its plans to launch their cryptocurrency, LINK in September. Line is a subsidiary of Naver Corporation, the leading internet firm, in South Korea. Line will not issue an ICO; rather it will reward its users based on certain features on its messaging app. However, their customers in the US and Japan will not use LINK due to licensing requirements in the countries. (VK)

3 months ago

Australia's Biggest Stock Exchange Is Moving Its Blockchain Plans To 2021

The Australian Securities Exchange (ASX), which announced its plans to use blockchain for post-trade settlements system has pushed the date from 2020 to Q1 2021. The current system, House Electronic Subregister System (CHESS) has not been upgraded for nearly 25 years. ASX revealed that its stakeholders felt they were very aggressive with their timelines. The current target is March-April 2021. (VS)

3 months ago

Coinbase Is Planning To Expand In Dublin

American cryptocurrency exchange Coinbase is currently testing out Dublin as a location for its next office, with the help of support of State development agency IDA Ireland. Coinbase has already begun hiring customer support analysts, a compliance officer, and an office manager. Coinbase's current expansion is a part of its global expansion drive. It incorporated a local subsidiary, Coinbase Ireland Limited, in July. Dublin is the exchange's third office outside US, after UK and Tokyo. (VS)

3 months ago

South Korea Is Doubling Down On Its Blockchain Efforts Next Year

In an effort to modernize the country, The Korea Internet & Security Agency (KISA), a sub-organization of the Ministry of ICT has announced that the number of blockchain pilot projects in the public sector will be increased from six this year to 12 in 2019. Also, the government is increasing the budget by 10 billion Korean won (approx. $9 Million) on top of the already existing 10 billion Korean won fund. The results of the current pilot projects will be announced in November, after which KISA will host a blockchain hackthon competition in December. (VS)

3 months ago

VeChainThor Mainnet Version 1.0.2. Launched

VeChain Foundation has announced the release of the VeChainThor Mainnet v1.0.2. In a Twitter post, VeChain said the new release had enhanced performance, bug fixes, and other new features. The team said the update also supports subscription for new blocks. The software’s error-handling capability is also improved. The new update can be downloaded from the company’s GitHub page. VeChainThor Mainnet was launched in June and had a range of inbuilt features such as KYC tool. (VK)

3 months ago

Australia's ASX Delays Blockchain Transition by 6 Months

According to Reuters, Australian markets operator ASX Ltd said on Tuesday it has delayed its switchover to blockchain technology by six months to devote more time for user development and testing. Last year, ASX said it would replace its registry, settlement and clearing system with blockchain technology to cut costs for customers. The decision to replace the Clearing House Electronic Subregister System (CHESS) on Australia’s main bourse follows two years of testing of distributed ledger technology, also known as blockchain. It is said that the move will l make the Australian Securities Exchange one of the biggest mainstream financial markets to use the relatively new ledger system.(RL)

3 months ago

Craig Wright Supports Are Manipulating Reddit Comments Using Bots

The fight for Bitcoin Cash's future is getting ugly, with an upcoming fork. The side led by Craig Wright has been caught red-handed while planning to manipulate r/btc subreddit which is dedicated to Bitcoin Cash. Though vote manipulation is against Reddit's rules, the side led by Wright claims it is needed to 'educate people.' Some posts on the subreddit have already been subject to bot attacks to push them above other posts. (VS)

3 months ago

Japan's Largest Bank Is testing Its Own Cryptocurrency

Mitsubishi UFJ Financial Group (MUFG), Japan's largest bank, is currently testing its own cryptocurrency “MUFG Coin" for employees to pay in convenience stores. MUFG Bank has assets worth roughly over $2.76 Trillion. MUFG is hoping to analyze the issues and possible improvements of using its digital currency in the real world. MUFG Coil will eventually be rolled out for wider adoption in both financial industry and retail businesses. (VS)

3 months ago

Japan's FSA Adds 400 More Questions to Cryptocurrency Exchange New Applicants

A local report has indicated that Japan's Financial Services Agency (FSA) has increased questions asked to applicants when registering for cryptocurrencies exchanges by 400 items. The applicants will now have to submit a report on a formal board meeting to ascertain if the applicants' covered security measures for the safety of their customers together with their financial health. After the submission, the FSA would do an on-site inspection to make sure whats in the report is accurate. Previously all they needed was information on the financial backing of the applicant together with the system safety security, but now they have jumped into looking at the board meeting records together with "the composition of an applicant company's shareholders. (VK)

3 months ago

CoinEx to List BSV

Coinex has announced that it will be one of the first exchanges to list Craig Wright’s Bitcoin-SV (BSV) if Bitcoin Cash gets forked in November. Bitcoin-SV has not been tested yet and can be subject to 51% attacks. Also, it is not clear if BSV will come with replay protection. Bitcoin cash has also been gaining recently on a successful stress test. Bitcoin Cash (BCH) is currently priced at $627.60, gaining 11.74% in the last 24 hours. (VS)

3 months ago

Quantstamp Releases Blockchain Security Protocol On The Ethereum Network

Quantstamp (QSP), a project focused on providing smart contract auditing services, recently announced that the Quantstamp betanet protocol is now live on the Ethereum mainnet. Users can now submit audit requests directly to the betanet version through a portal on the Quantstamp website. Once completed, the protocol will generate a publicly viewable audit report that can be publicly verified via its unique hash. This makes it so that users can verify that a smart contract has been audited to ensure necessary security precautions have been put in place. (JF)

3 months ago

Japan’s Largest Bank Experiments Using Own Crypto at Convenience Store

Japan’s Mitsubishi UFJ Financial Group (Mufg) has recently been experimenting with its own digital currency, the Mufg coin in an effort to explore how “blockchain technology could be applied for a variety of everyday financial needs, such as withdrawals and deposits to transactions and payments.” They have currently been testing the Mufg coins at a convenience store that is solely for employees and is located at the group’s headquarters in Tokyo, along with being able to use the money to do things like split bills when colleagues eat out. The price of one Mufg is pegged and equal to one Yen. (JF)

3 months ago

Hard Fork Holders to be Given Tax Guidance by IRS

IRS has been hesitating to issue official taxation guidance to crypto events, such as hard forks. Questions have risen on whether hard forks are taxable events that need immediate tax payment. It is for this reason that the IRS has been told to clear the air on their position regarding the subject. The American Bar Association, together with the American Institute of CPAs, has formed a lobby group that will work with the IRS to provide a framework that will enable issuance of guidance regarding proceeds from future hard forks. CPAs have adviced that long-term hodlers of coins that are forked be treated according to the rules that govern capital gains taxation. (KE)

4 months ago

Former Ripple CTO's 'Project, Coil' Blockchain Initiative, Enters Closed Beta

Ripple's former CTO, Stefan Thomas, founded a new company called Coil when he left Ripple in May. Coil has now entered a closed beta stage of release. The blockchain project aims to help content creators to monetize their work. It seeks to take the middleman's role out of the equation. Stefan said that companies like Netflix and Spotify have subscription services, while behemoths like Facebook and Google collect data from people and use the same to serve ads and make money. Small players go through a hard time trying to enter the market, and have to rely on the big players. For this reason, Coil is aiming to level the playing field. (KE)

4 months ago

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