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Blockchain.com Seeks Partnership with Undisclosed Stablecoin by Q4 2019

During a recent interview with The Block, Blockchain.com CEO Peter Smith announced that the crypto wallet provider is hoping to partner with an unnamed stablecoin project by the end of 2019. Currently, Blockchain.com supports nearly 32 million active wallets and it is rumored that the company would like to list a stablecoin to its platform. Smith explained that the growing competition between stablecoins will lead to more transaction volume within the crypto market and he personally believes that the largest cryptocurrencies function more as investment vehicles instead of fluid currency. Smith described stablecoins as assets that allow Blockchain.com to give “everyone a U.S. dollar checking account [and] there’s no challenger bank with 30 million bank accounts.” Smith also said that stablecoins and cryptocurrency also allow users to “control their funds [and] still be financially sovereign individuals.” While he did not provide specific details on which stablecoin company Blockchain.com would like to partner with but he did mention that the company had previously invested in Tether and Paxos. (RS)

4 hours ago

How to Make Profit from Bitcoin? Sharing by Bexplus Expert Player

CoinSpeaker How to Make Profit from Bitcoin? Sharing by Bexplus Expert Player The Bitcoin, which is considered as the gold in cryptocurrency area by market capitalization has received a massive decline from its record high of about $20,000 in 2017 to the present value of $3,600. Some investors have given up on the value of cryptocurrency through sell-off, while others believe that the bullish trend is near once again. Whether investing in BTC from a bull or bear market, the only result you want is to profit from it. Read on and see how to make profit from Bitcoin investment. Basically, there are three ways to earn money on BTC investment: Simply buy BTC and wait for the appreciation. BTC to USDT Transaction. When BTC is about to plunge, exchange to USBT to pocket the difference, and vice versa. BTC futures trading is two-way profitable. No matter the market is up or down, you both have chance to earn money as long as there is price fluctuation. Based on the Current Trend, Which Way is Better? Investing BTC spot and wait for the appreciation may be inadvisable, as the BTC price have been keeping the downward trend since January 2018. Though it is hard to predict whether the price will soaring again or not, investing BTC spot trade, looking forward to its rising to its peak, requires a super high time-cost. USDT is called a stablecoin because it is designed to always be worth $1.00. To exchange BTC to USDT means that you can pocket the difference by change BTC to USDT when the BTC price is about to fall ,or change USDT to BTC when the BTC price is about to rise, which enables you to avoid overall risks. What I recommend is BTC Futures Trading. Bitcoin futures contracts are a kind of trading agreement to buy or sell a certain amount of BTC at a specific price with X times leverage added. For example, buy/long BTC means that speculators can place a “bet” that the price of BTC will rise in the future. Conversely, to sell/short BTC means to “bet” that BTC will fall. In addition, with X times leverage added, investors can enter a large trade though they only hold a smaller amount of BTC. That means you can have chance to earn profit whether the BTC price is up or down. Trade BTC Futures Contracts in Bexplus Bexplus is a world-leading Bitcoin futures exchange reported by Nasdaq. Established in Hong Kong late 2017, its offices have covered many regions and countries all over the world, including the USA, Brazil, Australia, India, Nigeria, Russia, with 15 supported languages. Just in one year, Bexplus has won the favor of 100,000+ users. Bexplus provides perpetual contracts for BTC, ETH and LTC with maximum leverage of 100 times. For example, you can use 1 BTC to open a 100 BTC long/short position. When the price goes up/down 1%, you can get 100% profit. You can also set the stop-profit and stop-loss points to lower the risks. Deposit Activity to Earn 50% BTC Free Bonus To deposit BTC in the Bexplus account, you can earn 50% BTC bonus, which can also be used to trade futures contract and withdrawn. The more deposit, the more bonus you will get! More: https://www.bexplus.com/en/cash_back Invite Friends to Join and Earn 30% Commission Invite friends to register and trade in Bexplus, you can share 30% transaction fee of your invitees as commission. Also both you and our invitees can enjoy 10% OFF service charge. More: https://www.bexplus.com/en/account/activity_show If you are a beginner, you can practise in the simulator mode with 10 BTC. You can also use P/L calculator to measure the profits and loss firstly for risks management. Join Bexplus with the invitation code: PCDfB and enjoy 10% off transaction fee. How to Make Profit from Bitcoin? Sharing by Bexplus Expert Player

6 hours ago

Crypto Market Weakens But Bottom Feeders May Stay Hungry

The cryptocurrency market has opened the new trading week under pressure on Monday, with almost the entire top twenty cryptocurrencies by market capitalization trading into the red. No clear fundamental catalyst appears to have provoked the latest crypto sell-off, although there has been speculation over bot trading; the market however appears to have succumbed to technical selling after a period of consolidation amongst the major players in the market. Ethereum, Litecoin and Maker are amongst the worst performing cryptocurrencies, while Tether and USD Coin have managed to eke out small intraday days so far. As always, it is always worth watching the market leaders, particularly Bitcoin, Ripple and Etherem for a better indication of whether today’s losses in the cryptocurrency market are indeed sustainable and likely to worsen or potentially just a early-week knee-jerk reaction to flush-out weaker hands before a counter move occurs. Ethereum 1-DAY Chart Source-Coinmarketcap.com Overall, I suspect we are now seeing market participants attempting to probe towards the multi-year lows created by a number of the most popular cryptocurrencies late last year. Technically, confirmation of a major bottom is important for traders, especially given the lack of follow through to the early month recovery seen in the crypto space. If we do indeed see a sustained decline below the multi-year lows created in December for Bitcoin, Ethereum and Litecoin alike, this should be considered an overwhelmingly bearish sign. A further continuation of the broader downtrend in cryptocurrency market would then be the most likely and favoured scenario over the short and medium-term horizons. On the other hand, if we see these key technical lows holding firm, I would expect cryptocurrencies to rally back towards their 2019 trading highs over the coming days and weeks, where traders would then to start to re-evaluate short and medium-term positioning. 1-DAY Chart Total Cryptocurrency Market Capitalization -Souce Coinmarketcap.com Looking at a one-day chart of the Market Capitalization of the entire cryptocurrency market, we can observe a sharp sell-off occurred, on relatively light volume it must be said, once the $124 billion support level was breached. The $17 billion to $16.9 billion support region is the next major technical area to watch if selling continues for the entire crypto market, with the recent major low just above $10 billion, created mid-December, the foremost support area below. Going forward, a break of $19.5 to $24 billion range is indeed worth watching, for traders and investors to get a broader gauge of the overall sentiment towards cryptocurrencies, as is a technical break of $3,100 to $3,660 price range for the number one cryptocurrency by market capitalization, Bitcoin. Join the conversation on Telegram and Twitter! Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post Crypto Market Weakens But Bottom Feeders May Stay Hungry appeared first on Crypto Briefing.

8 hours ago

Bitfinex Exchange Review

Bitfinex is a veteran crypto exchange, and for a long term, Bitfinex was standing out as the leading exchange by trading volume. Bitfinex has a ‘regular’ exchange featuring many of the top 1000 altcoins. Bitfinex also owns ETHfinex which is the corresponding exchange for ERC-20 based tokens. The exchange also offers margin trading features, with leverage of up to 3.3x. As similar to Poloniex, Bitfinex offers its users to borrow funds for larger margin positions. Amongst the superlatives, there were some speculations around Bitfinex, some of them are also related to Tether in the field of price manipulations. There is a tight relationship between Bitfinex and Tether, as the exchange promotes the first stable coin. Bitfinex is also among the exchanges that got hacked. Bitfinex 7.7 UI/UX 7.5 Security 6.0 Fees 8.0 Coin Variety 8.5 Liquidity 8.5 Pros High volume & liquidity Variety of coins and base assets Experienced team Cons Margin only up to 3.3x Blamed for price manipulations Join Bitfinex {"@context":"http:\/\/schema.org\/","@type":"Product","name":"Bitfinex","image":"https:\/\/cryptopotato.com\/wp-content\/uploads\/2018\/10\/bitfinex-100x100.png","description":"Bitfinex is a veteran crypto exchange, and for a long term, Bitfinex was standing out as the leading exchange by trading volume.\u00a0Bitfinex has a 'regular' exchange featuring many of the top 1000 altcoins. Bitfinex also owns ETHfinex which is the corresponding exchange for ERC-20 based tokens. The exchange also offers margin trading features, with leverage...","offers":{"@type":"Offer","price":"0.00","priceCurrency":"$","seller":{"@type":"Person","name":"Yuval Gov"}},"review":{"@type":"Review","reviewRating":{"@type":"Rating","bestRating":"10","worstRating":"0","ratingValue":"7.70"},"name":"Bitfinex","reviewBody":"Bitfinex is a veteran crypto exchange, and for a long term, Bitfinex was standing out as the leading exchange by trading volume.\u00a0Bitfinex has a 'regular' exchange featuring many of the top 1000 altcoins. Bitfinex also owns ETHfinex which is the corresponding exchange for ERC-20 based tokens.\r\n\r\nThe exchange also offers margin trading features, with leverage of up to 3.3x. As similar to Poloniex, Bitfinex offers its users to borrow funds for larger margin positions.\r\n\r\nAmongst the superlatives, there were some speculations around Bitfinex, some of them are also related to Tether in the field of price manipulations.\u00a0There is a tight relationship between Bitfinex and Tether, as the exchange promotes the first stable coin. Bitfinex is also among the exchanges that got hacked.","author":{"@type":"Person","name":"Yuval Gov"},"datePublished":"2019-01-21"}} The post Bitfinex Exchange Review appeared first on CryptoPotato.

14 hours ago

Bitfinex Margin Trading Review

Bitfinex is a veteran crypto exchange, and for a long term, Bitfinex was standing out as the leading exchange by trading volume. Bitfinex has a ‘regular’ exchange featuring many of the top 1000 altcoins. Bitfinex also owns ETHFinex which is the corresponding exchange for ERC-20 based tokens. The exchange also offers margin trading features, with leverage of up to 3.3x. As similar to Poloniex, Bitfinex offers its users to borrow funds for larger margin positions. Amongst the superlatives, there were some speculations around Bitfinex, some of them are also related to Tether in the field of price manipulations. There is a tight relationship between Bitfinex and Tether, as the exchange promotes the first stable coin. Bitfinex is also among the exchanges that got hacked. The post Bitfinex Margin Trading Review appeared first on CryptoPotato.

14 hours ago

Blockchain is eyeing a stablecoin partnership it says could ‘shift the market’

Blockchain, the largest cryptocurrency wallet provider, is looking to partner with one stablecoin by the end of 2019, CEO Peter Smith told The Block. The company has its sights on becoming one the biggest names in the crypto market and says it has “an obsession” with pegged cryptocurrencies. “There’s a big race between stablecoins right now... Everyone is competing very hard to get their stablecoin out there and to have distribution. I think that market’s going to be really interesting. We will make a move in there soon,” said Smith. Smith would not disclose what exactly the partnership would entail, but talked about “adding” a stablecoin. This likely means its users will be able to store the selected stablecoin in the Blockchain wallet. Blockchain, which previously invested in several unspecified stablecoin projects, offers a large distribution platform with 32 million wallets, “most of them active,” according to Smith. “I think all major stablecoin projects at the moment believe they need us,” Smith said. “The question is which one do we decide that we need?” Since its inception in 2011, Blockchain.com has managed 100 million transactions, having originally raised $70 million from the likes of Digital Currency Group and Google Ventures and recently launching an OTC trading desk. The company also has a stablecoin working group. Block by BlockBlock by Block: StablecoinsMore on Stablecoins However, early indications suggest the company could be leaning towards partnering with Paxos. “Currently the stablecoin being used the most, outside of Tether, which everyone forgets, is Paxos. Paxos has the most trading volume and the most liquidity and the biggest outstanding number...[But] they don’t have a prime retail partner to carry their brand right now,” Smith said. Blockchain’s stablecoin report also hinted that the company saw the greatest opportunity with Paxos. Paxos Standard (PAX) is currently traded on over 20 exchanges, including Binance, which simultaneously lists Tether, TrueUSD and USD Coin. Binance doesn’t currently list the Gemini dollar despite previous negotiations. Smith added that their commitment to stablecoins, despite their continued faith in bitcoin, was because he felt the biggest coins have become more of an investment than a viable transaction tool. “We’ve used stablecoins as almost the oil or the gas that makes this whole engine of a new consumer finance ecosystem possible. We’re not here to just make it easy to invest in bitcoin. We’re here to build a better way of giving people financial services... We’ve gone very deep on the stablecoins. We’re all about stablecoins.” Redefining consumer finance will require stable assets that can be used in the real world, Smith said. As a result, he wants to help his clients hold such assets independently of banks, while also driving up usage. “For us, stablecoins give us the power of giving everyone a US dollar checking account. If you think about that, it’s kind of crazy. There’s no challenger bank with 30 million bank accounts. At the same time as we do that, we’ll be doing it in a way that allows them to still control their funds, to still be financially sovereign individuals.” Smith said the deal, whatever its details may be, would “probably shift the market.” The post Blockchain is eyeing a stablecoin partnership it says could ‘shift the market’ appeared first on The Block.

15 hours ago

This Week in Crypto: Grayscale Backs XLM, Cryptopia Hack, Bakkt, Tron, Whale Moves, Ripple, and Interesting Crypto Predictions for 2019

Another Crypto week has come and gone with many interesting happenings as usual. For those who have missed the stories within the week for one reason or another, here is a recap of the most interesting stories to bring you up to speed with the happenings in the industry. Bakkt Within the week, news came from Bakkt that its launch has been postponed once again. This will be the second time the launch has been postponed. According to the information, the postponement has to do with the government shutdown which happened to be incomplete but affecting several departments all the same. The authorities to give regulatory approval cannot approve the launch until the government systems are back online. Also in a follow-up post on its Twitter page, Bakkt emphasized that its mission is to “bring digital assets into the mainstream.” Another post on the page stated that Bakkt is looking to “build the first integrated, institutional grade exchange-traded markets and custody solution for physical delivery of digital assets”. Institutional investors had started investing in Bakkt before the postponement which seems to be telling on the crypto market as it is currently in the reds except for stablecoins. Tron/BitTorrent On Tron this week, a former BitTorrent executive Simon Morris said Tron does not have the capacity to hold the BTT Token on its platform. According to Morris, Tron cannot handle BitTorrent transaction volume because it is built on hype. He did admit however that launching the token could increase the network speed by 40% although the company cannot handle it. In a different development, some developers have accused Tron of being partial in its selection of winners in its just-concluded accelerator program. The developers say the full $1 million prizes were not paid and the rules of the game were broken not to mention the projects selected for the prize were not really the best. Justin Sun has always boasted about developers ditching Ethereum blockchain for Tron’s. The developers who reported this case, however, claims he is aware of developers who came to Tron only for the prize and would go back to Ethereum after the competition. Also within the week, crypto exchange ABCC listed Tron’s TRX10 token as the first to do so ever. This move was very pleasing to both Tron and the exchange which expressed happiness for partnering with a promising crypto startup like Tron. Justin Sun also announced that the number of dapps on the company’s blockchain reached 142 and a 20% growth is recorded weekly. In addition, he said the total number of accounts has reached over 2 million and the total number of daily transactions is at 3 million. Whales Making Money Moves The whales started acting within the week. There were several whale transactions from dormant Bitcoin wallets that are suspected to be holding the largest amounts of BTC on the network. The sudden movement has the potential to increase volatility according to analysis from analytics firm Flipside Crypto. The whales’ movements haven’t only been from Bitcoin. An Ethereum whale was seen moving $57 million worth of Ethereum following the Constantinople delay. Although the origin and destination of the funds are still unknown, some believe it has to do with the Constantinople lag. This may be true as the price of Ethereum token ETH has dropped by 4% since the announcement of the delay. Remember the price has been on a steady accent reaching as high as $160 prior to the postponement. Five interesting 2019 cryptocurrency predictions The Winklevoss twins have made some really intriguing predictions when they were hosted on a TV talk show. The twins said USDT the lead stablecoin in 2018 may be overtaken by USDC or their own GUSD. They also predicted the release of Facebook’s stablecoin as well as SEC watching crypto activities more closely. Another prediction was that the crypto winter will continue in 2019, at the same time saying ETF applications will be approved within the year. Read the full story here. Ripple Ripple has quite a number of interesting stories this week. First, an impostor stole the company’s name and logo to spread a counterfeit cryptocurrency called XRP Classic. Although the fake company has a website xrpclassic.io, it does not contain any information about the token or any management team. The website was traced to Bangladesh though, but no official statement from Ripple on the issue yet at the time of filing this report. On the good news part, Exim bank in the United States has signed up with Ripple to use its payment protocol for its customers. It will be the first bank to adopt Ripple’s payment product xRapid powered by XRP to boost liquidity. The bank intends to use the products in 80 countries of the world where it operates According to its head of compliance and operations, Graham Bright Another good story, Mercury Foreign Exchange has showered praises on Ripple’s XRP, saying using it for payment is extremely simple and cheap, making it

a day ago

Auditing Firm Confirms USDC Is Fully Backed

Popular auditing firm Grant Thornton LLP has confirmed that Circle's USDC has enough fiat reserves to back its supply. On December 31, 2018, USDC's total market cap was 251,211,148. At the same time, the company had $251,211,209 to back those funds. USDC is a stablecoin pegged to the US Dollar on the Ethereum blockchain as an ERC-20 token. Right now, there is 363 Million USDC in circulation, adding more than $100 Million in the first two weeks of 2019. According to its previous audit in November, it only had $127 Million. After multiple scandals revolving around Tether, stablecoin firms have been conducting regular audits to maintain public trust. (VS)

2 days ago

The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe

Crypto exchange Coinspot has launched an over-the-counter trading desk in Australia and you’ll find more about the platform in this edition of The Daily. Elsewhere, computing power-sharing platform Bitdeer.com is focusing on Eastern Europe through a partnership with the largest digital asset trader in the region, Exmo. And in the U.S., expired Mccoins will get you a Big King. Also read: Sapphire Develops GPU for Grin, TSMC Sees Drop in Mining Revenue Crypto Exchange Coinspot Offers OTC Services to Australian Traders Australian cryptocurrency exchange Coinspot has announced the launch of its dedicated over-the-counter (OTC) trading desk. The platform will be able to process high-volume transactions for its members without the need to use the traditional public order books. The idea behind the project is to solve problems of liquidity for traders who want to deal in larger quantities. The company believes the OTC desk will reduce their exposure to fluctuations on the crypto markets. Lock-in pricing is expected to eliminate slippage and minimize the risks associated with high-volume trading. Clients can now buy and sell a number of digital assets, including bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH), ripple (XRP), litecoin (LTC), and the stablecoin tether (USDT). Coinspot, which is among the leading crypto exchanges in Australia, promises access to the widest variety of digital coins in the country. The main condition for using the service is that each trade should be valued at AUD $50,000 (USD ~$36,000) or more. A 0.1 percent fee is applicable to transactions on the platform. Coinspot’s OTC desk will offer its users the services of a professional trading broker. Bitdeer Launches Russian Site, Partners With Exmo Bitdeer.com has launched a Russian version of its website. The announcement comes with the news that the computing power-sharing platform has teamed up with Exmo, the largest digital asset trading platform in Eastern Europe. The partnership will allow Bitdeer and Exmo to provide their users with the opportunity to participate in cryptocurrency mining with no technical insight or investments in server infrastructure. The two companies hope to popularize the minting of digital coins and contribute to the development of the crypto market. Offering new payment processing models and related customized products to the public is also part of their plans for the future. Bitdeer CEO Celine Lu described the two initiatives as a milestone for the company’s venture in Eastern Europe. “Through the new partnership with the region’s largest crypto exchange and the launch of a localized website, Bitdeer.com has geared up to bring the best service to local as well as global individual miners,” Lu said, noting that around a third of the platform’s users come from Russian-speaking mining communities. Despite the bearish trend in the crypto space, Bitdeer.com has seen its traffic reach over 1.2 million visits and over 50,000 daily active users. The platform has users from more than 165 countries. Over 40 percent of its orders have been placed by customers in the U.S. Leading crypto companies such as Huobi and Binance have been taking steps to expand their presence on the Russian market, establishing offices in the country and offering Russian-language services. Crypto exchange Exmo enjoys growing popularity in the greater Russian-speaking world thanks to supporting trading pairs with local fiat currencies such as the Russian ruble and the Ukrainian hryvnia. Burger Chains in Coin War Maccoins, which were minted last summer to mark the 50th anniversary of the Big Mac and ride the wave of the crypto craze, have expired. Now a major competitor is making its own marketing stunt at the expense of McDonald’s “global currency.” This week, fast food fans were invited to cash in their Maccoins at select Burger King locations in Chicago, U.S. media reported. Customers have been offered a free Big King XL in exchange for the tokens. Burger King claims its new sandwich has 175 percent more beef than the Big Mac and comes without a third bun. Last year McDonald’s “limited edition” coins provided holders anywhere in the world with a free Big Mac. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe appeared first on Bitcoin News.

2 days ago

Top 10 Crypto Exchanges Represent More Than 60% Of Spot Market Volume - CyptoCompare Research

Cryptocurrency exchanges are a very important element of the cryptocurrency industry as they not only facilitate the sale and purchase of crypto assets but also provide critical insights on how the industry is moving forward. While there are hundreds of exchanges across the globe providing various functionalities and products, CryptoCompare’s recent report gives a consolidated account on how these exchanges are playing out. Kraken, Bitfinex, and Bitstamp continue to remain the most stable exchanges As part of its monthly exercise, CyptoCompare, recently released its report on Cryptocurrency Exchange for the month of December 2018 with an aim to review and capture the key developments within the cryptocurrency exchange market. The research conducted, tried to focus on analyses that related to exchange volumes, and included an overview of current exchange market concentration, an analysis of the highest volume producing jurisdictions, as well as market segmentation by exchange fee model. The findings of their report provided some great conclusion which could play a huge part in shaping the future of cryptocurrencies. According to the report, the market for cryptocurrencies exchanges is fairly concentrated and nearly 60% of the spot market volumes come from these top 10 exchanges. Geographically, most of these volumes come from Malta, the small island nation that is home to some of the great exchanges such as Binance and OKEx. Malta is followed by Hong Kong and Samoa which drive the global crypto volumes. The report interestingly finds out that, in recent months, the monthly trading volume from Malta has fallen by 9% while from there has been a rise of 2% and 3% from Hong Kong and Samoa respectively. Exchanges that offered fiat pairs represented only 25% of spot volume in December 2018 while 57% of all the fiat trading was done in USD. With respect to future trading, the exchange mentioned that “The proportion of futures trading volume increased from 22% in November to 28% in December. BitMex XBT perpetual futures volumes increased 17.7% in December while XBTUSD futures of CME and CBOE decreased 45.5% and 48.0% respectively since November. Regulated exchanges (CME and CBOE) represented only 2.88% of the total crypto futures market in December.” The report also gave an insight about stablecoins which stated that Tether (USDT) continues to represent the majority of Bitcoin trading into fiat or stable coins at 65% of the total monthly volume in December. Among the rankings, the top three exchanges that held the Top exchange volumes were, Binance followed by OKEX and ZB. Amongst Trans-fee Mining Exchanges CoinBene was the largest TFM exchange in December followed by ZBG and EXX. Bitfinex, Kraken, and Bitstamp maintained the most stable markets in December while exchanges CoinBene, Bitforex, IDAX continued their tabletop positions for DEX’s by volume. Among other parameters Ethermium, WavesDEX and IDEX occupied the top spot to provide most volumes by a DEX. The analysis and result provided by CryptoCompare’s research bring out some exciting facts which may be critical in shaping the future of the crypto industry. Will Centralized exchanges continue to rule the roast or will DEX’s soon take over? Do let us know your views on the same. The post Top 10 Crypto Exchanges Represent More Than 60% Of Spot Market Volume - CyptoCompare Research appeared first on Coingape.

2 days ago

Chatter Report: Luke Says Segwit Harmful to BTC, Baker Explains Stablecoin Regulation

In today’s roundup of crypto chatter, Luke Dash Jr. voices concerns that segwit is bad for BTC because it leads to centralization. Also, Brad Mills shares his insight after using Cointext. Lastly, Lawson Baker, Blake Moore and Andreas Brekken discuss how regulation affects stablecoins. Also read: Bitcoin and Market-Related Headlines Dominated Crypto News Coverage in 2018 Luke Dash Jr. Reminds Users Not to Use Segwit Bitcoin Core developer Luke Dash Jr. took to Twitter recently to remind users not to use segwit for non-lightning wallets. Luke argued that segwit adds to the growing centralization of BTC because it enables larger blocks. As a reminder, you should NOT use #Segwit for non-Lightning wallets. It is harmful to #Bitcoin by enabling larger blocks and increasing the growing rate of centralisation. (This *includes* Bech32 addresses! Try to use 1xxx or 3xxx addresses you're sure are not Segwit) — Luke Dashjr (@LukeDashjr) January 17, 2019 However, he did say users who have their long-term savings in BTC can use segwit in a couple of years because it will probably be on lightning. Also in the same thread, Luke explained that segwit is dangerous because of sync times, and not because of the possibility of theft. Brad Mills Shares Insights on Cointext BTC maximalist Brad Mills recently posted his thoughts on the crypto sms service provider Cointext. Mills had a positive user experience of sending his own grandmother $5 in BTC using Cointext. 1/ The only interesting service to come out of bcash was @CoinText This SMS crypto payment service was so good it got me to use BCH multiple times. After a year of pleading, they now support Bitcoin I texted my grandmother $5 in BTC This is a great marketing tool pic.twitter.com/yVA01Z95wJ — Brad Mills [Feb/3] (@bradmillscan) January 17, 2019 Since Mill’s Cointext transaction had cost $0.04 in fees, he argued that BTC can now compete with BCH as a method of payment again. However, Mills did point out that BTC transaction fees will eventually rise and make it difficult to use BTC on Cointext. Thus, users should only keep small amounts of BTC on Cointext. Mills also pointed out additional dangers associated with Cointext, like Cointext losing their sms gateway relationships and sim swapping. The former situation will make it difficult for Cointext users to withdraw their BTC, while the latter means users will lose their funds. Lawson Baker, Blake Moore and Andreas Brekken Discuss Stablecoins Tokensoft’s head of special projects Lawson Baker, Bitcoin.com e-commerce manager Blake Moore and Shitcoin.com CEO Andreas Brekken recently had a thorough discussion on stablecoins. Their discussion was posted as a two part video series on the Shitcoin.com Youtube channel. One of the interesting points they touched on, was the way regulations work for stablecoins like USDT or USDC. Baker explained that the entities that design stablecoins backed by U.S. dollars need to follow the laws and jurisdiction of the U.S. federal government, Fincen and the Treasury. Thus, the companies that design stablecoins have to make sure their users can’t send money to certain countries or certain people in these countries and they are supposed to know where their stablecoins are at all times. What do you think of Luke’s advice to not use segwit? Let us know in the comments below. Images courtesy of Shutterstock. Show your friends how easy it is to use bitcoin - head over to our own Bitcoin.com Store and buy a T-shirt, hoodie, bag, all kinds of accessories, even art and bitcoin wallet hardware. The post Chatter Report: Luke Says Segwit Harmful to BTC, Baker Explains Stablecoin Regulation appeared first on Bitcoin News.

2 days ago

Opinion: Stop Trying To Build a Better Bitcoin

A team of professors from top US universities have come together to create a new globally scalable decentralized payments system. But with Bitcoin already proving to work as intended for ten years running, would a ‘better Bitcoin’ even stand a chance? MIT and Standford Professors Developing Unit-E The professors formed a non-profit foundation based in Switzerland, called Distributed Technologies Research, backed by Credit Suisse and Pantera Capital. Unit-e, the cryptocurrency it aims to launch later this year, will process up to 10,000 transactions per second (tps). This compares to the roughly 7 tps for Bitcoin and a 1,700 tps that Visa processes on average. To achieve such speeds, DTR, examined every aspect of blockchain technology and tried to improve on it. The result should be almost unrecognizable from current cryptocurrencies, with ‘innovation’ across consensus, sharding, payment channels, security, and incentives. DTR’s vision for a research manifesto, “Decentralized Payment Systems: Principles and Design,” introduces the Unit-e architecture, and will be available as a book. Interestingly, there were zero results for anything related to nodes and mining in the press release despite all the talk about being able to scale better than Bitcoin. What’s more, Visa can actually process up to 45,000 tps, or over four times more than promised by Unit-e. So if we’re talking about payment capacity and speed here, Unit-e already seems like a non-starter compared to Visa, which is instant and already ubiquitously adopted. Beating Bitcoin Won’t Be Easy, If Not Impossible Even harder will be launching a new base layer protocol into today’s competitive cryptocurrency market. First, Bitcoin’s ten-year lead as a world-recognizable brand and overall first-mover advantage can’t simply be replicated overnight. Its network is comprised of not only an impressive hash rate but also hundreds of skilled volunteer developers, thousands of peer nodes, and millions of users. This gives Bitcoin a Schelling point advantage towards mass adoption and its unmatched 99.98 percent uptime over the past decade provides a strong argument for the Lindy Effect. Bitcoin network satellite coverage It is undoubtedly the most battle-tested blockchain today. It has weathered social engineering attacks, forks, corporate takeover attempts, government bans, media mud-slinging etc. It has simply shrugged off the hundreds of obituaries from the likes of Paul Krugman, Warren Buffet, Jamie Dimon etc. and keeps chugging on. Bitcoin has demonstrated to be an anti-fragile beast, only growing stronger from the disorder and perceived chaos of not having any leadership. Does Unit-E Stand a Chance? Firstly, one must find the necessary support from the community, to ensure a decentralized ecosystem of miners and nodes. DTR says it’s committed to growing the research group and developer community, with ongoing support and funding. But this isn’t an easy task. Riccardo Spagni, a leading Monero developer, says: I don’t envy anyone trying to fairly launch a base protocol nowadays. It’s hard to impossible, and that’s why I strongly advocate for new protocols launching as merge-mined sidechains instead. But even if the product is proved to be technologically superior, this is no guarantee of success. History is littered with examples of better technologies that fell by the wayside after failing to achieve mass adoption. Sony’s BluRay saw off the better specced HD-DVD by virtue of coming with every new PS3. Whilst back in the 70s, the company’s higher quality BetaMax lost out to VHS, despite being first to market. Is There Any Need? Unit-e is far from the first cryptocurrency to address the transaction speed or any other, limitations of Bitcoin. Ever since Bitcoin was launch, people have launched coins which are faster, more fungible, more private, more [insert your own favorite quality here] etc. Just last week, a company called Devvio were exhibiting at CES, claiming the ability to process over 8 million global, public transactions per second, on-chain. They also claimed better privacy than Zcash, stability than Tether, and smart contracts than Ethereum. Sure, these claims sound great on paper. But succeeding in the real world is something else entirely. Bitcoin isn’t a static technology either. Sidechains and second layer protocols are being developed like Lightning Network (with millions of tps) for scaling while harnessing Bitcoin’s network effect. So is DTR already too late to the table? Certainly, their connection to academia may give them an edge in some regard. But ultimately, specs like transactions per second are secondary to Bitcoin’s main strength as a proven neutral and permissionless monetary network on which so many applications can be built. Can academia produce a real competitor to Bitcoin or is it too late? Share your thoughts below! Images courtesy of Shutterstock The post Opinion: Stop Trying To Build a Better Bitcoin appeared first on Bitc

2 days ago

Happy Ending? TenX Surges After Hosp Steps Down

TenX (PAY) made a surprise surge in end of the week trading, reversing the deep decline which began last December. At the end of Tuesday, PAY tokens were changing hands at approximately $0.17. Prices began to increase throughout Wednesday, and following a brief plateau the trend accelerated on Friday. PAY is now trading at around $0.30; nearly doubling the token’s market capitalization to $34.1M. The upswing in the latter part of the week reverses a month-long trend for the PAY token, which collapsed from $0.50 just before Christmas. The sudden departure of Julian Hosp as TenX President on January 9th may have accelerated this trend. PAY rose after Hosp stepped down. Via CryptoCompare Hosp Steps Down Over Pyramid Allegations TenX was launched on a promise to enable users to pay for goods and services with cryptocurrency-enabled payment cards. It raised more than $80M in its ICO in 2017, and received much fanfare at the beginning of 2018 when it began to ship cards to users. PAY tokens - which give the owner shares in the company - hit the $5 mark. But the plan hit a bump last year when TenX’s card supplier, WaveCrest, lost its issuing license for a series of non-compliance issues. Since then, TenX, which employs 70 staffers, has been struggling to get the project off the ground. The project unveiled the prototype for its new payment card - with a new supplier - in late August. Hosp announced in a video that they would soon be rolling out in Singapore, before expanding across the Asia-Pacific and European markets. As of January, TenX had only managed to ship twenty cards out to users. Criticism of the founder increased after Breaker reported on Hosp’s alleged links to Lyoness, a pyramid scheme which has been ruled illegal in several countries. Hosp, who had been one of the founding members and public face of TenX when it launched in 2015, announced on Twitter last week that he was stepping down as President. In a teary-eyed address he said that in order for the project to continue into 2019 the founders agreed they needed to “part ways.” Toby Hoenisch, CEO, was to assume the role as head of TenX. A few days later Hosp responded to speculation he had sold all of his PAY holdings. He denied allegations that he sold 2.2 million PAY tokens shortly before his departure. Instead, Hosp said, the amount sold was used to offset his income tax contributions. He also refused to specify the exact reasons for stepping down as President. So what’s behind the surge? Trading volume with bitcoin (BTC), Ether (ETH) and Tether (USDT) has increased markedly. Data collected by Etherscan suggests that the most popular pair in the past 24 hours has been with the Korean Won (KRW). This might be in anticipation of more TenX cards being released, or it could be traders celebrating a whole week since Julian Hosp left the company. The fact that the company still has very few cards to play, not to mention out with the public, should continue worrying TenX investors. It remains to be seen if the company will have better luck with the next few hands, now that Hosp has left the game. The author is invested in digital assets, including BTC and ETH which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Happy Ending? TenX Surges After Hosp Steps Down appeared first on Crypto Briefing.

3 days ago

Stability Tokens on The Move!

Within the stable coin community, there possibilities are expanding quickly. Most of the stable coins are striving to be backed by a fiat equivalent. This provides their values to be more or less as stable as the fiat that they are tied to. We are going to take a look at Tether (USDT), DigixGold (DGX), and OneGram Coin (OGC). All three of these are tied to some real-world source of value. The latter is looking at this principle idea in a somewhat different but important way. Tether is backed by the United States Dollar, DigixGold (DGX) is instead pegged to the price of one gram of gold, while OneGram Coin is backed by gold but that gold grows through transaction fees. Let’s take a look at the performance of these digital assets and their recent merits. Tether (USDT) Tether is commonly seen as a place for traders to get out of the market during times of volatility. By checking the last 30 days of USDT trading price, we can see variations in price though subtle in comparison to what we see in the crypto market at large. The price of USDT seemed to fluctuate from a 30 day low of $0.98 to a high of $1.04. This fluctuation is not drastic in any way when compared to the high volatility of the markets at large. USDT seems like a good place to hide from extreme market fluctuations, but this stability hinges on the correctness of the liquidity that backs it. There has been some concern over the validity of USDT. In late 2018, there were concerns that Tether may be in trouble after letting go of their auditing company. Tether had seen greater turmoil during a market disruption that caused their “stable” coin drop to $0.89. This is generally not unusual for crypto, but even more unusual for a coin that is supposed to be linked directly to the value of $1.00 per coin. Tether price fluctuation - one month DigixGold (DGX) DigixGold is a coin that is pegged directly to only one gram of pure gold. This provides a floor to support the price-point, however it provides no real upside potential in long term profits, barring any drastic change in the valuation of gold. The amount of gold backing each coin will always be no more than 1 gram. DigixGold is built on the Ethereum token protocol ERC-20 “with extensions” meaning they are able to be transacted among any wallets that support Ethereum, which is nice, and other than a few outliers this coin seems to provide some reasonable stability. DigixGold Price fluctuation - one month As you can see from the charts above, for the most part, DGX seems to stay relatively close to the actual price of gold - aside from the one instance around December 20th, 2018 when it jumped to roughly $74. Other than that, the price of DGX stayed approximately stable and the pegged gold weight stayed the same. OneGram Coin (OGC) OneGram Coin is a relatively new player to the game as well, having run a successful ICO that ended 6/20/2017. Once this ICO ran, each coin that would eventually be distributed would be backed by at a minimum, one gram of actual gold. Their live blockchain launched in June 2018 and ever since then they’ve been on a roll. They have been listed on exchanges like Trade Satoshi, BITKER, Huulk, and more to be announced in the coming months. What is important is that this is a cryptocurrency that projects itself as a stability token in that it represents at a minimum, one gram of pure gold per coin. This is an interesting idea because, although there are other coins out there pegging themselves to fiat, this one links itself to a growing real-world gold supply, increasing the relative gold that each coin represents over time. OGC price fluctuation - one month From its successful ICO price of $42 per coin, OGC is priced at $219 per coin (as of time of writing). Down from an ATH of $282, but still remarkably higher than the ICO price of $42. The price of one OGC is not directly correlated with the price of one gram of gold. This is because OGC is not locked in to being worth only one gram of pure gold equivalent, it continues to grow through its 1% transaction fee. Tether seems to be great at trying to stay pegged on the price of one USD but there is very little excitement in that. With OGC, there seems to be more excitement in holding coins that are backed by an increasing amount of gold than owning coins that are simulated copies of the fiat dollar. The post Stability Tokens on The Move! appeared first on Crypto Insider.

3 days ago

Was Bitcoin Really Manipulated?

The following is being published on The Block with permission from the author, Alex Krüger. You can follow Alex on Medium. TL;DR In their paper “Is Bitcoin Really Un-Tethered?”, academics John Griffin and Amin Shams investigated whether tethers (USDT) are used to manipulate the prices of bitcoin. The paper concluded bitcoin purchases with USDT are often timed following market downturns, and that such patterns are most consistent with USDT used to manipulate prices. However, observing bitcoin purchases with USDT following market downturns is not extraordinary and is no proof of market manipulation. Such purchases could be explained by demand from market participants, either for buying the dip or for arbitraging spreads across exchanges. Some of the paper’s claims seem unwarranted. Introduction In their paper “Is Bitcoin Really Un-Tethered?”, academics John Griffin and Amin Shams investigated whether tethers (USDT) are used to manipulate the prices of bitcoin. The paper found that “purchases with USDT are timed following market downturns and result in sizable increases in Bitcoin prices”. It also concluded that such patterns “cannot be explained by investor demand proxies but are most consistent with the supply-based hypothesis where USDT is used to provide price support and manipulate cryptocurrency prices”. I found that the paper jumped to unwarranted conclusions, showed a lack of understanding of financial markets, and made misleading statements. Common sense should always supersede what the data may be indicating — don’t blindly follow the data (see here and here). It is important to note that this paper is posted on the Social Science Research Network (SSRN), which allows researchers to “get credit for their ideas before peer reviewed publication.” Therefore, to my knowledge the posted version of this paper has not yet undergone peer review either. Tethers used to purchase Bitcoin when returns are negative The paper claims “that Tether is used to purchase Bitcoin when returns are negative, but we do not find considerable Tether flows following price increases”. However, such pattern does not indicate market manipulation, as the paper sustains. Source: Griffin & Shams (2018) There is nothing extraordinary in witnessing purchases of BTC with USDT following market downturns. Just as there is nothing extraordinary in witnessing purchases of Amazon stock with USD following a crash. Particularly more so during a bull market. This is basic common sense. It is also not extraordinary to find that such purchases, when large, result in sizable increases in Bitcoin prices. The paper seems to confuse speculation with manipulation and ignores the validity of buying retracements as a trading strategy. Furthermore, as I showed in this article, bitcoin price crashes are often followed by USDT trading at a premium to USD, which results in BTCUSD in spot exchanges trading higher than BTCUSDT in tether exchanges. This is likely caused by traders rushing out of bitcoin (and other cryptocurrencies) into USDT en masse. When the price of USDTUSD deviates considerably from $1, arbitrageurs are incentivized to bring it back in-sync. I covered arbitrage mechanics in depth in this article. Therefore, it would not have been extraordinary to witness large USDT flows from Bitfinex to tether exchanges to purchase BTC. Note that the data discussed in the Griffin and Shams paper were obtained before Nov/28/2018, at which time Bitfinex ceased to act as the de facto issuer of USDT. Arbitrage example (assuming pre Nov 2018 conditions): USDTUSDT increases to 1.03 across exchanges. Consequently the discount between BTCUSD in Bitfinex and BTCUSDT in Poloniex widens to 3% in favor of BTCUSD. A trader would sell BTC and buy USD in Bitfinex, withdraw the USD from Bitfinex as USDT (converted by Bitfinex at 1:1), transfer the USDT to Poloniex, purchase BTC with USDT, transfer the BTC to Bitfinex, sell BTC, and generate 3% in gross revenue. Tethers used to stabilize prices It is true that the paper’s results are consistent with USDT issuers pushing out USDT to stabilize the price of bitcoin. However, results are also consistent with USDT users buying USDT to transfer to other exchanges stabilize the price of bitcoin. Large market participants providing price support happens in all markets, and does not necessarily mean there is market manipulation. Tethers’ flow not sensitive to the spread The paper does uncover one worrisome pattern. USDT flows should be strongly related to changes in the USDTUSD exchange rate, or to the spread across fiat and tether exchanges, which is similar. However, the paper results show USDT flows are “highly sensitive to the BTCUSD pair but bears little relation to the USDTUSD pair. In fact, the flow is not sensitive to the first and second lags of USDTUSD. It does become marginally significant at higher lags, but the magnitude is con

3 days ago

In Tether We Trust? USDT Still Dominant Stablecoin

Tether (USDT) remains the most popular stablecoin, accounting for more than half of all value moving from Bitcoin to fiat or fiat-denominated currencies in December. Has the sector gone back to bed with the original stablecoin? A recently published report by CryptoCompare, a cryptocurrency statistics source, found that Tether represents 75% of Bitcoin (BTC) trades going into other stablecoins or fiat currencies. Compared to November, the proportion of BTC trading volume going into USDT actually increased by 16.5%. Based on the circulating supply reported on CoinMarketCap, Tether accounts for 73% of the total stablecoin market. The report compared Tether’s trading volume with that of other collateralized stablecoins, which are backed 1:1 by the US dollar (USD). This included the Paxos Standard Token (PAX), the Gemini Dollar (GUSD), TrueUSD (TUSD), as well as Coinbase’s USD Coin (USDC). The BTC-USDT market was also bigger than bitcoin trading into popular fiat currencies, such as the US dollar (USD), Euro (EUR) and Korean Won (KRW). This suggests traders preserving value in the bear-cycle are nonetheless keeping funds in crypto, rather than divesting completely from the asset class. Credit: CryptoCompare Tether pairs, unsurprisingly, had the highest trading volumes within the stablecoin market. The most popular pair was between Tether and PAX, which counted for 75% of the total trading volume in December; volumes were up by 70% from November, the report found. Volumes for USDT pairs with TrueUSD have remained static since October. Volume of USDT pairs with PAX (red) have increased significantly since October. Credit: CryptoCompare. Trust in Tether. Established in 2014 - originally as Realcoin - Tether was the sector’s first stablecoin. Tether Limited, the parent company, generates tokens whenever actual fiat currency is deposited in their reserves. It works as a meta-protocol on the Bitcoin, Ethereum (ETH) and Litecoin (LTC) blockchains. Despite widespread acceptance, there are doubts about the amount held in Tether’s reserves. At one point in mid-September, the USDT total supply verged on breaking the $3bn boundary. With no official audit, there was widespread concern Tether Limited was generating more USDT tokens than their dollar reserves. This came to a head when the USDT temporarily lost its parity to the greenback, in October. On some exchanges, notably Kraken, Tether reached at a low of $0.85. Concerns of imminent liquidation led many traders to divest from Tether into other asset-backed stablecoins; TrueUSD’s trading volume tripled in the same timeframe. But Tether has since staged a remarkable recovery. USDT regained parity as total supply shrank by approximately a billion dollars. In November, Tether Limited’s new banking partner publicly confirmed that the company held more than $2bn worth in reserve. Financial news site Bloomberg reported that it believed Tether had the requisite reserves in an analysis piece published just before Christmas. Will trading volume remain dominant? USDT supply is still $800m lower than its peak in September, but it is still the largest stablecoin and seventh largest cryptocurrency overall. Its 24h trading volume - a good gauge over the health of a market - is frequently above the $3bn mark, suggesting that the stablecoin is far from running out of road. Constantine Tsavliris, a research and data analyst at CryptoCompare, is not surprised that USDT remains the dominant stablecoin. However, he notes the fact that rival stablecoins like GUSD and PAX have been making clear inroads. Exchange adoption, Tsvaliris says, has made those inroads even deeper. Binance made PAX, TUSD and USDC base currencies, alongside USDT, at the end of November. Will it last? James Roy Poulter, CEO of the cryptocurrency investment firm The Reserve, says that Tether is still enjoying its first mover advantage. But as alternatives mature, he reckons traders will begin to move value out of USDT. “Tether was the first, has always been the market leader by a considerable margin, and should not expect to be toppled just from bad press,” he said. “There is still no ‘go-to’ alternative brand; but this will change as competition is increasing against Tether, and very successful other experiments like Maker begin to emerge.” Tether’s grip on the stablecoin market may one day hang by a thread, but for now it’s still hanging on. The author is invested in digital assets, including BTC and ETH which are mentioned in this article. Join the conversation on Telegram and Twitter! The post In Tether We Trust? USDT Still Dominant Stablecoin appeared first on Crypto Briefing.

3 days ago

ICOs arrecadaram US $ 24 bilhões em 2018, para onde foi o dinheiro?

Por: Livecoins A BitMEX publicou um relatório em parceria com a Token Analyst detalhando o paradeiro dos US $ 24,2 bilhões arrecadados por ICOs em 2018. A desvalorização das criptomoedas durante o ano fez com que o valor arrecadado seja agora de aproximadamente US $ 5 bilhões. O relatório detalha muitos pontos interessantes sobre o dinheiro arrecadado no período: Os 24,2 bilhões de dólares captados valem agora US $ 5 bilhões devido à perda de valor dos próprios tokens junto com o mercado. Este valor está com as equipes de desenvolvimento das ICOs, muitas das quais, conseguiram arrecadar fundos do nada ou com marketing baseado em elevadas expectativas para revolucionar indústrias com conceitos que ainda não foram completamente concretizados e nunca poderiam ser realizados. Destes US $ 5 bilhões, cerca de US $ 1,5 bilhão em ganhos foram obtidos com a venda desses tokens enquanto o mercado ainda estava saudável. Os valores em dólares desses tokens estão sujeitos a alteração porque a liquidez era e continua a ser um problema para grandes detentores de tokens de ICO. É mais provável que uma parte significativa dos US $ 24 bilhões arrecadados tenha sido mantido em Ethereum ou transferido para Bitcoin, onde ela pode ter ficado muito além do tempo em que o mercado estava saudável (alguns fundos podem ter sido transferidos para moedas estáveis ​​como a Tether). Várias interconexões entre os membros de equipe de ICO 2017 As 10 maiores perdas proporcionais no valor de endereços controlados por equipes foram uma média de ~ 95%, com a SALT perdendo ~ 97% de seu valor. Em última análise, o relatório aponta o que muitos já suspeitavam sobre o mercado de ICOs, o que é verdade para a maioria dos fundadores. Os fundadores viram uma oportunidade de enriquecer, colocando seus próprios tokens no mercado em troca de Ethereum, elevando o preço de seus próprios tokens, dando-lhes acesso a mais Ethereum que poderiam ser retidos ou retirados em BTC ou USD. O relatório também destaca a completa falta de cláusulas ou compromisso, que são restrições impostas aos fundadores nos mercados tradicionais para garantir que suas metas estejam alinhadas com as de seus investidores. Outro objetivo das clausulas é evitar que a equipe seja recompensada antes de fazer o trabalho necessário para desenvolver uma nova solução revolucionária de tecnologia que impacta positivamente o mercado. Em vez disso, os dados nos mostram que, em um mercado de captação de recursos, o que recebemos são centenas de tokens emitidos sem valor real atribuído, nenhum plano concreto para alcançar valor real e perspectivas mínimas de ganhos atualizados. Resumo: Cuidado ao entrar em ICOS O artigo ICOs arrecadaram US $ 24 bilhões em 2018, para onde foi o dinheiro? apareceu primeiro em Livecoins.

3 days ago

CryptoCompare Releases Crypto Exchanges Review for December 2018, Kraken, Bitfinex and Bitstamp maintained the most stable Markets

The Cryptocompare website reviews crypto exchanges in on a monthly basis. The following is the review for the month of December 2018. This gives an overview of changes that have occurred with the exchanges. Unlike past reviews, this one includes current exchange market concentrations and an evaluation of the pattern of development in spot volumes vs futures for both crypto and traditional exchanges. In this article, we’ll just give a general summary of important findings from the review to bring you up to speed on the current state of exchanges. Analysis 60% of spot trade volume was accounted for by the top 10 exchanges as has been for some time now. Legally registered exchanges in Malta had the highest trading volume followed by those from Hong Kong and Samoa which had appreciated in November when Maltese exchanges trading volume reduced by 9%. Fees also affected exchange trading volumes. Those that charge taker fees accounted for 86% of the trading volume for the month while those with trans-free mining accounted for 12%. Market share for trans fee mining increased by 4% in December. Although both fiats to crypto and crypto to crypto exchanges trading volumes decreased in December, fiat to crypto exchanges lost a significant 40% while crypto to crypto exchanges lost only 7.7% although most of the exchanges offered fiat to crypto options. The fall could be due to the general total web traffic decline of 3-6% in December. For Bitcoin trading volumes, the Korean Won decreased significantly leaving the USD to account for 57% of total Bitcoin to fiat volumes, representing a 43% increase while the Japanese Yen had a 14% increase. Among stablecoins, Tether USDT has been leading in Bitcoin to fiat or stablecoins trading. As of December, USDT represented 65% of total volume for the month after increasing by 16.5% from November. USDT to PAX gained 70% increase from November thus accounting for 75% of all trading volumes from USDT which was the highest from stablecoins. Exchange Rankings by Key Metrics Exchange Volumes Ranking Although the volume for the top ten exchanges generally dropped by 7.5%, Binance, the world’s largest crypto exchange by market capitalization claimed the top spot in total monthly volume in December. OKEX and ZB were the first and second runners up respectively. This, they were able to achieve despite their volumes dropped by 13%, 5%, and 19% respectively while those of BitZ and IDAX increased by 57% and 9% respectively. Trans-Fee Mining Exchanges TFM exchanges account for a significant portion $23.2 billion of monthly spot volume. For the month of December, CoinBene was the largest followed by ZBG and EXX. Order Book Analysis While average order book depth down has fallen for the top 5 markets of top exchanges by 22% from November, Bitfinex, Kraken, and Bitstamp have maintained their positions of having the most stable markets for December 2018. CoinBene, Bitforex, IDAX, on the other hand, have had thin markets with high volumes. For web traffic, Binance recorded the highest number of unique visitors in excess of 2.2 million in December with an increase of 7% from November. More details on the order book analysis and web traffic analysis for the month of December can be found here and here respectively. The post CryptoCompare Releases Crypto Exchanges Review for December 2018, Kraken, Bitfinex and Bitstamp maintained the most stable Markets appeared first on ZyCrypto.

3 days ago

Will Tether Do An Audit? Circle’s Audit Report For USDC Raises Pressure on Tether for Audit

Tether is facing the same question again and again as its competitors are ticking all the right boxes what investors want. In less than 24 hours since Circle released its third independent audit report for its USDC, people have already started questioning Tether again to come out clean on its dollar balances that are currently backing Tether (USDT) in circulation. Tether Losing Market Share, conspiracies finally taking a toll onTether Tether was one of the first stablecoins that provided shelter to investors against the volatility of crypto markets. But as the coin became popular, the question started being raised on the coin’s credibility and its complete backing by the US dollar. The stablecoin was also connected to it being used for manipulation and rigging the Bitcoin prices, which skyrocketed to USD 20000, in December 2017. It’s been over a year since; the coin has not been able to come up clean on allegations. Recently, Circle, the company behind USDC released their third report on the USDC stablecoin which was signed by the leading auditor firm Grant Thornton which stated that Circle has sufficient capital to back each individual token on a 1:1 basis. According to the report that published on the 16th January, 251,211,148 USDC tokens were issued and outstanding on 31 December 2018, while the company holds 251,211,209 dollars in deposits, an excess of 61-dollar reserves. This report leads to question being fired back at Tether asking to come transparent. Weiss Rating, a leading cryptocurrency rating, and research agency tweeted the following, #Crypto finance startup Circle’s USDC stablecoin was fully backed with fiat reserves at the close of 2018, Goldman Sachs-backed Circle currently has a total of 353,309,381 USDC #tokens on the markets. Will Tether ever do an audit?#Cryptocurrencies #BTC #XRP #Bitcoin — Weiss Ratings (@WeissRatings) January 17, 2019 Twitter users have always been asking similar questions to Tether This is no bueno for #USDT #tether. Fortunately, #USDC is fully backed by the #dollar and can be verified. You may want to switch to #usdcoin which can be found on #poloniex #binance... https://t.co/dD1ymBAKoT — MasterCrypto5000 (@MCrypto5000) December 27, 2018 #CryptoNews#Tether, #USDT, don't let it fool you people. This coin isn't backed by #USD Do an official independent audit @Tether_to#Bitcoin #CryptoTwitter #cryptocurrencies #cryptoexchange #cryptotrading #SCAM #cryptolifehttps://t.co/AEZdWs6mgq — SmartCryptoGems (@SmartCryptoGems) December 20, 2018 Since Inception, Tether has abstained from releasing an independent report that shows its US dollar reserves which are the underlying asset for its stablecoin. And now with competition coming in from other stablecoins, who have been fairly transparent on the underlying USD reserves, life is slowly becoming difficult for Tether. Recent research by Diar showed Tether’s dominance over the stablecoin market plummet by 16% - the equivalent of nearly $1.1Bn on the back of transparency and banking woes. The research showed Tether dominance, plummeting from 99% in January 2018 to 69% in January 2019. While Tether problems are mounting for it to come clean seems to be the only solution. It’s the trust of the investors and people that are driving the whole cryptocurrency industry and slowly the non-transparent coins will have no space in the cryptoshpere. Will Tether come out clean and release an independent audit report? Do let us know your views on the same The post Will Tether Do An Audit? Circle’s Audit Report For USDC Raises Pressure on Tether for Audit appeared first on Coingape.

3 days ago

Markets Update: Crypto Prices Drift Sideways While Traders Remain Uncertain

A lot has changed since our last markets update as digital asset prices have been consolidating after the cryptoconomy’s last big drop in value. The entire ecosystem’s market valuation has lost about $10 billion over the last week, but stronger global trade volumes have managed to keep values afloat at current prices as traders await the next big wave of movement. Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization A Strong Scent of Uncertainty In the Air Another week has passed in cryptocurrency land, during which most digital asset markets have been consolidating tightly into a downward triangular pattern. At the moment, the entire crypto economy of all 2,000+ assets is hovering at about $120 billion with around $15.6 billion worth of global trades. Currently, bitcoin core (BTC) prices are meandering just above $3,650 with a market capitalization of about $63.8 billion. BTC captures roughly $5.2 billion in trade volume but the asset is down 2.6% for the week. Top 10 cryptocurrency markets Jan. 17, 2019. The second largest market valuation belongs to ripple (XRP) this Thursday, as each coin is swapping for $0.32 per unit. This gives XRP a market cap of around $13.4 billion and the market’s 24-hour volume is about $418 million worth of global trades. Ethereum (ETH) is trading for $122 per coin on global spot markets with a $12.8 billion market valuation. The cryptocurrency is down 0.96% today and 6.4% for the week. Lastly, eos (EOS) is up 0.86% today as each coin is trading for $2.43 per unit. Eos has around $667 million worth of 24-hour trades and a market cap of about $2.2 billion. Bitcoin Cash (BCH) Market Action Bitcoin cash (BCH) is trading for $132 per coin and has a market cap of about $2.3 billion this Thursday. BCH is currently up a hair at 1.02% during the last 24 hours, but the currency is down 4% for the week. The top five exchanges trading the most bitcoin cash today are Coinsuper (BCH/BTC), Huobi (BCH/USDT), P2pb2b (BCH/ETH), Dragonx (BCH/USDT), and Fatbtc (BCH/CNY). The dominating currency paired with BCH today is ETH as it captures 44.9% of trades. This is followed by USDT (29%), BTC (15.4%), USD (5.9%), EUR (1.7%), and JPY (1.5%). BCH is the seventh most traded coin by volume below XRP’s global volume and just above dash. Bitcoin Cash (BCH) market action seven-day chart on Jan. 17, 2019. BCH/USD Technical Indicators Looking at the four-hour charts on Bitstamp for BCH/USD shows there’s been a lot of changes since our last markets update. Things look more bearish, as the two Simple Moving Averages (SMA) have once again crossed hairs and the long-term 200 SMA is now above the 100 SMA trendline. This indicates that currently the path toward the least resistance is in favor of the bears. RSI levels are meandering in the indecisive middle range (~46.5) which is neither oversold nor overbought at press time. BCH/USD Bitstamp 4 hour. Jan. 17, 2019. Stochastic shows similar readings and the MACd indicates some downward pressure over the short term. Looking ahead at order books shows similar resistance between the current vantage point and $135 and even larger walls between that range and $155. If the bears remain in control then they will see pit stops and strong buying between now and $110. After breaking the psychological $100 level, BCH bears will likely see some bigger foundations. BCH/USD Bitstamp 4 hour. Jan. 17, 2019. Bollinger Bands are extremely tight. The Verdict: Continued Sideways Action and Indecisive Traders Traders are again wondering what will happen next with the ever-dynamic cryptocurrency markets. Some traders believe we’ve seen the mythical bottom and are betting long positions from here on out. However, bitcoin futures expiries from CME and Cboe suggest those traders are short on BTC’s upcoming price performance. BTC/USD shorts and longs on Bitfinex. Jan. 17, 2019. In contrast to futures prices, BTC/USD shorts on Bitfinex have dropped significantly and there are considerably less short positions than in the last three weeks. ETH/USD short positions are much lower than before as well with only 280,000 shorts. Civic CEO Vinny Lingham, who is sometimes referred to as the “Oracle” because of his past price predictions, explained in a recent interview that BTC will likely trade sideways for a few weeks. “The reality is it’ll probably trade sideways between $3,000 and $5,000 for another month or two while it’s trying to find which way to go,” Lingham said. “When it finds that direction, there’ll be a breakout or a breakdown,” the Civic founder added. His statement aligns with the view held by many traders and forecasters, who remain uncertain of the future of cryptocurrency prices, at least over the short term. Technical analysis, futures prices, shorts and longs, and other indicators will give traders some hints, but as with the world’s traditional markets, anything can happen. Where do you see the price of BCH, BTC and other co

4 days ago

ABCC Exchange Partners With Tron (TRX) to List TRC10 Tokens

Two days ago, the team at ABCC Exchange announced that they would be partnering with the Tron (TRX) foundation to list TRC-10 tokens on the platform. The tweet (below) making the announcement was also a few days before the NiTRON summit that starts today, January 17th. We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron #ABCC is the 1st exchange that will list #TRX 10 tokens - We are one of the top exchanges with great security and user interface. Stay tuned! #Blockchain mass adoption is coming We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron#ABCC is the 1st exchange that will list #TRX 10 tokens - We are one of the top exchanges with great security and user interface. Stay tuned! #Blockchain mass adoption is coming pic.twitter.com/8T5mcgB9jn — ABCC Exchange (@ABCC_Exchange) January 15, 2019 Difference Between TRC-10 and TRC-20 Tron Tokens The Tron TRC10 tokens are considered as being the simplest to create without much computer programming knowledge. They work without the Tron Virtual Machine and can be created easily by logging into Tronscan.org. TRC10 transactions incur no fee due to their limited use of bandwidth on the network. In the case of TRC20 tokens, their creation necessitates an understanding of the workings of Smart contracts and the Tron Virtual Machine that executes them. These tokens consume bandwidth and energy per transaction. More on the NiTRON Summit The NiTRON summit that begins today in San Francisco is meant to bring together like minded individuals in the cryptocurrency, blockchain and investing industries. The two day event will bring together developers, TRX crypto enthusiasts, investors and special guests who double up as influential individuals in the fields of blockchain and investing. About ABCC Exchange ABCC Exchange was founded by Calvin Cheng who is a technology and media magnate. The exchange has other co-founders who have a broad range of experience in successful ventures related to the internet, financial services and management consulting firms. The exchange pairs 105 digital assets with the three base currencies of Bitcoin (BTC), Ethereum (ETH) and Tether (USDT). Perhaps the TRC10 tokens will be paired with TRX thus making the digital asset also a base pair on the cryptocurrency exchange. This would be similar to how ETH is paired with several of its ERC20 tokens on most exchanges. What are your thoughts on ABCC Exchange announcing support for TRC10 Tron tokens? 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 ABCC Exchange Partners With Tron (TRX) to List TRC10 Tokens appeared first on Ethereum World News.

5 days ago

Altcoin Arbitrage Today: XLM, ETH, LTC, USDT, ZEC, TRX

As the weekend almost dawns upon the cryptocurrency markets, the time to make good money lies ahead. All markets show some interesting price shifts as of late, which almost always leads to arbitrage opportunities between exchanges. The following currencies let users score some decent profits for exploiting these price differences throughout the day. ZCash (Bittrex / Bitfinex) Even though the same price difference was visible yesterday, it seems the ZCash market son Bittrex and Bitifnex remain apart. The minor 1.37% price gap persists even today. For traders, this makes for an easy target and potential profit. Simply buy ZEC on Bittrex and sell it on Bitfinex. There isn’t much effort involved in these types of trades. That only makes the potential profits even sweeter. Stellar Lumens (KuCoin / Binance / EXMO) Another day in arbitrage trading and another day of EXMO-related price differences. When it comes to XLM, there are a few different options to explore. The Stellar Lumens price on KuCoin, HitBTC, Gate, Binance, and Kraken is lower compared to EXMO. An average profit of 1.8% awaits in this regard. Users can also flip XLM between Binance or Kraken and EXMO. That potential profit sits closer to the 2.2% mark. Ethereum (OKEx / Poloniex / EXMO) A hefty amount of price gaps persist where Ethereum is concerned. Its value on HitBTC, OKEx, Poloniex, Gate, Binance, Kraken, Kucoin, Vebitcoin, Bitstamp, and Bittrex is lower compared to EXMO. Users can expect an average gain of nearly 21.4% by exploiting this price difference. Another option is to explore the Bittrex - Bitfinex gap for a 1.41% profit. A lot of good options to make some quick money with this token. Litecoin (Bitstamp / Bittrex / Bitfinex) It doesn’t happen all that often a Litecoin arbitrage opportunity comes around. For today, buying on Bitstamp or Bittrex and selling on Bitfinex will yield a 1% profit. Users can also buy on Bitstamp to sell on Koinim, Koineks, VeBitcoin, or CEX. The average profit for doing so is slightly higher, especially where Bitstamp - VeBitcoin is concerned. Numerous options worth checking out in the search for quick profits. USDT (Bittrex / Sistemkoin) Throughout this entire week, there has always been at least one stable-coin related arbitrage opportunity. Today, that moniker belongs to Tether’s USDT. Its price on Bittrex is 0.88% lower compared to Sistemkoin. As such, the trade itself is rather straightforward. It is not the most lucrative option, yet still provides ample profit for the minute effort involved. Tron (Binance / Sistemkoin) It would appear the TRX price on Binance and Sistemkoin fluctuates quite a bit. At times, an interesting price gap between these platforms becomes apparent. The difference can be as large as 1.74%. That in itself makes for an interesting opportunity. It is also one of the more lucrative options to explore today. Information provided by Arbing Tool Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Log in to use Ginger Limited mode Z Cash (Bittrex × The post Altcoin Arbitrage Today: XLM, ETH, LTC, USDT, ZEC, TRX appeared first on NullTX.

5 days ago

Litecoin [LTC], Stellar Lumens [XLM] fall down the top-10 list as Tether [USDT] makes it to sixth position

The cryptocurrency market has been going through a rough time after a small bullish run last week. A majority of the major coins have fallen, at the time of press. Litecoin [LTC] and Stellar Lumens [XLM] have slipped down the top-10 list following the fall. LTC and XLM have been fighting for the sixth position on the CoinMarketCap list for a long time, and finally have settled on the eighth and the seventh positions, respectively. Tether [USDT], the stable coin, now rests on the sixth position. Source: CoinMarketCap At the time of press, LTC was valued at $31.3, with a market cap of $1.8 billion. The coin reported a 24-hour trade volume of $532 million, with a fall of 0.50% over the past hour. The coin has been falling since the past few days as it registered a dip of 16.75% in the past seven days, while registering a minimal recovery of 0.20% in an hour. LTC was highly traded on OKEx, as it reported a volume of $49 million with the LTC/BTC. OKEx was followed by ZB.COM, which registered a trading volume of $46 million with the LTC/USDT pair. The third place was taken by DOBI Exchange, as it noted a volume of $36 million with the LTC/BTC pair. Source: CoinMarketCap As per the one-day chart of XLM, the coin had fallen by 0.83% over the past day, with a market cap of $2 billion. The coin registered a 24-hour trade volume of $88 million, with a fall over seven days of 13.40%. It is still falling by 0.29% over the past hour. The coin was largely traded on ZB.COM exchange. The trade volume registered by the coin on the exchange was $19 million with the XLM/USDT pair. ZB.COM was followed by Exrates, which registered a volume of $12 million with the XLM/BTC pair. The third position in terms of trading volume was acquired by BCEX, as it registered a volume of $7 million with the XLM/BTC pair. The post Litecoin [LTC], Stellar Lumens [XLM] fall down the top-10 list as Tether [USDT] makes it to sixth position appeared first on AMBCrypto.

5 days ago

Stablecoin War: Dollar-Pegged Cryptos Allegedly Offering Discounts

According to some sources, the issuers of Gemini and PAX, two famous stablecoins, have been offering over the counter (OTC) traders a 1% discount if their tokens were used for buying something before being liquidated for fiat. The obvious reason for such an incentive was to get the stablecoin in circulation, not only as a means of storing value but for actual usage of real life purchases. Made famous by Tether (USDT), stablecoins are offering a solution to something that cryptocurrencies are infamous for: price volatility. Traditionally, cryptocurrencies have always created their own value, driven by simple economics of supply and demand. Stablecoins counter this by fixing their value against a fiat (typically, the US dollar) and then the issuers’ release of buyback from the market to ensure that the supply and demand keep their equilibrium and a 1:1 ratio. “They were offering that as a sweetener for getting it kick-started with adoption,” said one OTC trader who wished to remain anonymous, “A lot of the arbitrage opportunities were manufactured.” The trader was right. In December last year, OTC trading and exchanges saw a flurry of trading, with several million dollars of tokens being traded in a single day. Gemini’s (GUSD) market cap made an astonishing jump from USD 87 million to USD 103 million in a single day. The VP of Paxos marketing and communications, Dorothy Chang, said that this incentive by Paxos (PAX) was offered to only a few selected partners for only a couple of months. The incentives offered made their mark. The USDT saw its parity being broken, as GUSD and PAX gained market cap. These incentives have made stable coins like GUSD and PAX a favorite for many traders, but they still have a far way to go before becoming as strong as USDT, which has the advantage of being the first. This is similar to regular cryptocurrencies, where many offer more advantages than Bitcoin (speed, efficiency, mining and others) but are still in the shadows because Bitcoin was the first. That may change for PAX, GUSD and other stable coins that are legally compliant. With stable coins offering legal coverage and better liquidity, they can overtake USDT, if they play their cards right. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: pexels.com The post Stablecoin War: Dollar-Pegged Cryptos Allegedly Offering Discounts appeared first on BitcoinNews.com.

5 days ago

Crypto Markets Experience Moderate Growth, Bitcoin Holds Above $3,600

All of the top 20 coins by market cap are seeing green today, Jan. 17, except for stablecoins USDT and USDC

5 days ago

Altcoin Arbitrage Today: USDT, DOGE, EOS, XLM, LTC, ZEC

Every day is a good time to make money with cryptocurrencies, tokens, and digital assets. Although the overall momentum has turned rather bearish once again, this will also create new price gaps waiting to be explored by traders. The following markets are well worth keeping an eye on in search of profits, as the current price gaps can potentially widen as more time progresses. ZCash (Bittrex / Poloniex / Gobaba) A fair few interesting ZCash-related price gaps are popping up between different trading platforms. A healthy 2.04% price gap exists between Bittrex and Bitfinex. Smaller gaps are worth exploring as well. ZEC prices on HitBTC, Poloniex, and Gate are lower compared to Gobaba. While the difference may be just 0.8%, this can still result in some pretty decent profits when performing many trades throughout the day. USDT (Bittrex / Sistemkoin) There has been some minor controversy regarding Tether’s USDT today, although it seems there is nothing to be overly concerned about as of right now. What is more interesting to keep an eye on, however, is the USDT price gap between Bittrex and Sistemkoin. A profit of 0.96% can be pocketed from every trade, which is a respectable amount. There is still a huge demand for USDT, thus liquidity shouldn’t pose any issues. Dogecoin (HitBTC / Gate / LiveCoin) Every time a Dogecoin price gap presents itself, taking advantage of this opportunity becomes paramount. There is a lot of good money to be made where this popular currency is concerned. The value per DOGE on HitBTC and Gate is lower compared to Livecoin. Potential profits range from 1.6% to 2.1% per trade. Another good moneymaking opportunity in the cryptocurrency world, despite the overall market momentum. EOS (Binance / KuCoin / Gobaba) When the bigger alternative markets are subjected to arbitrage opportunities, things start to look rather promising. For today, there are a few different EOS price gaps which can yield up to 1% in profit. The value on Binance, KuCoin, and Gate is lower compared to Gobaba, which makes for rather straightforward trades. XLM (HitBTC / Binance / EXMO) There is no shortage of XLM price gaps waiting to be explored today. As long as one is comfortable with selling XLM on EXMo, liquidity can be sourced from virtually any other exchange. HitBTC, Gate, Binance, Kraken, KuCoin, and Bitexen are all viable options in this regard. Whereas most opportunities will yield a profit of over 3%, the Bitexen - EXMO option is subject to just 1.76% in profit. Even so, it is still a very viable option, all things considered. Litecoin (Bitstamp / Bittrex / Bitfinex) Litecoin has become subject to price gaps quite regularly as of late, which is pretty interesting to keep an eye on over the coming days and weeks. For today, the silver to Bitcoin’s gold is valued lower on Bitstamp and Bittrex compared to Bitfinex. This option results in potential profits between 1.3% and 2.1%. Users can also flip LTC between Binance and Gobaba for a potential 0.77% gain. Having multiple options to pocket a profit is always a good thing, especially in this industry. Information provided by Arbing Tool Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. Log in to use Ginger Limited mode Another good moneymaking opportunity in the cryptocurrency world, despite × Image(s): Shutterstock.com The post Altcoin Arbitrage Today: USDT, DOGE, EOS, XLM, LTC, ZEC appeared first on NullTX.

5 days ago

Hermano del narco Pablo Escobar anuncia creación de una nueva stablecoin pro-campaña contra Trump

Tras el cierre de su campaña en la plataforma GoFundMe, Escobar aseguró que la moneda digital será utilizada para derrocar al presidente norteamericano, Donald Trump.*** (adsbygoogle = window.adsbygoogle || []).push({});En un intento por manifestar su rechazo hacia el presidente de los Estados Unidos Donald Trump, el hermano del fallecido narcotraficante Pablo Escobar, Roberto Escobar, está por lanzar una nueva moneda digital a través de una campaña ICO, con la cual busca recaudar fondos para financiar su campaña en contra de Donald Trump.Originalmente Escobar intentó financiar su campaña a través del portal GoFundMe, con la cual buscaba recaudar un total de USD $50 millones, pero al recibir más de USD $10 millones en poco menos de 12 horas la administración del presidente Trump decidió cerrarla.Campaña para derrocar al presidente TrumpAl respecto, Olof Gustafsson, el CEO de Escobar Inc. (la compañía responsable de la campaña), comentó durante una entrevista:El objetivo era recaudar USD $50 millones solamente con la plataforma GoFundMe. Después de haber recaudado USD $10 millones en 10 horas, la página web cerró nuestra campaña. Por eso decidimos lanzar nuestra criptomoneda llamada ESCOBAR, con lo cual evitamos ser objeto de censura nuevamente. Estamos convencidos de que nuestra recaudación previa fue clausurada por la administración del presidente Trump.Entre los objetivos planteados por la campaña está utilizar el capital recaudado “para derrocar al presidente estadounidense”, aunque no se ofrece mayor información alusiva a los planes para lograr tales fines.ESCOBAR, la nueva StablecoinEn relación a la nueva criptomoneda, Escobar explicó:Habrá un día en el que se podrá utilizar la criptomoneda para hacer todo tipo de pagos: comprar casas, automóviles e incluso chicles. Ese día ya pasó, ahora es momento de manejar una alternativa segura al USD. El token de la criptomoneda ESCOBAR está diseñado para ese fin.De acuerdo con información publicada en el WhitePaper, el token ESCOBAR es un ERC-20 creado en la red de Ethereum y contará con 1.000 millones de unidades. Además, el valor de la nueva moneda digital impulsada por Roberto Escobar estará atado al del dólar estadounidense, por lo que se trata de una Stablecoin.Escobar Inc. asegura que la nueva criptomoneda podría llegar a rivalizar con Tether, a la cual catalogan como una moneda digital no confiable, ya que la compañía operadora lleva a cabo acciones con mucha opacidad.El token de Escobar estará en campaña de preventa desde hoy 16 de enero hasta el 10 de mayo, y se comercializarán 200 millones de unidades. A partir del día 1 de junio de 2019, los interesados podrán adquirir cada unidad por el costo de USD $1 en los distintos exchanges que estén dispuestos a listarla.No es la primera vezEsta no es la primera vez que Roberto Escobar piensa en lanzar una criptomoneda, ya que el año pasado impulsó la creación de una basada en Bitcoin llamada DietBitcoin (DDX). No pasó nada con este proyecto. Aún cuando está listada en CoinMarketCap, ocupa el puesto 1628 y solo tiene un mercado de capitalización de poco más de USD $20.000.También lanzó un libro llamado “The True Story by Roberto Escobar: Pablo Escobar’s Dietbitcoin”, en el cual aseguró que Satoshi Nakamoto, el alias detrás de la creación de la primera moneda digital, era en realidad un equipo de programadores bajo la dirección de la CIA, asegurando que el organismo de seguridad un día destruirá a Bitcoin.Conocido como “El Osito”, Roberto Escobar fue integrante del Cartel de Medellín que formó su famoso hermano menor Pablo Escobar Gaviria. También fue conocido por haber ganado varios campeonatos como ciclista.Hay otra moneda ESCOBAREs importante conocer que ya existe una moneda llamada Escobarcoin, que no tiene ninguna relación con el proyecto que anuncia Roberto Escobar. Esta está dedicada al área de la salud. La web de la stablecoin del hermano del famoso narco es Escobartrump.org.Fuente: Dailyhodl / CoinDeskVersión de Angel Di Matteo / DiarioBitcoinImágenes de Flickr y YoutubeAlgo que decir?Donald Trump, ERC-20, ESCOBAR, Ethereum, ICO, Narcotraficante, Pablo Escobar, Roberto Escobar, stablecoinAdvertisements (adsbygoogle = window.adsbygoogle || []).push({}); The post Hermano del narco Pablo Escobar anuncia creación de una nueva stablecoin pro-campaña contra Trump appeared first on DiarioBitcoin.

5 days ago

Braziliex anuncia remoção de 8 criptomoedas

Por: Livecoins A Braziliex, corretora de criptomoedas Brasileira que possui atualmente o maior portifólio de moedas alternativas (altcoins) anunciou a remoção da Ethereum Classic e outras 7 moedas. A empresa explicou que a ação “parte do princípio de que tem o dever de proteger os clientes, e vai remover moedas que estão propensas a ataque 51%*. As criptomoedas que serão removidas da corretora são: Crown (CRW) Onix (ONIX) Bitcoin Gold (BTG) Ethereum Classic (ETC) Internet of People (IoP) LitecoinCash (LCC) Prosper (PRSP) Crafty (CFTY) Recentemente a shitcoin conhecida como Ethereum Classic (mais uma daquelas moedas alternativas criadas sem propósito, razão ou valor) sofreu um ataque de 51%, fazendo com que a Coinbase, maior corretora de criptomoedas do Estados Unidos, removesse a moeda de sua plataforma. As perdas estimadas com o ataque somam 500 mil dólares. Infelizmente, investidores que escolheram essa moeda como investimento ficam no prejuízo, pois, o valor do ativo tende a cair em queda livre quando esse tipo de ataque acontece. A Braziliex, em uma ação acertada, vai remover essa “altcoin” com a intenção de proteger os usuários, a empresa pede que os usuários da plataforma removam seus fundos das moedas que serão removidas até o dia 15/02/2018. Caso o saque não seja feito até o prazo final, os saldos das respectivas moedas citadas serão automaticamente convertidos para Bitcoin, obedecendo a cotação do dia. A Braziliex é uma das únicas brasileiras a ser indexada pelo Coinmarketcap, no momento da redação deste a artigo, a empresa somava movimentação de mais de 600 mil reais nas últimas 24 horas. Outras mudanças na Braziliex A empresa informou também que irá remover algumas moedas do mercado de negociações pelo par Real. Isso significa que não mais serão compradas e vendidas com Reais, somente com Bitcoin. O principal motivo desta medida é a cotação dos criptoativos, que não ultrapassam dos R$ 0,50 por moeda. Vale adicionar uma exceção, a exemplo da Decred (DCR) e Binance Coin (BNB), que sustentam uma cotação mais alta, porém, assim como as demais moedas de cotação inferior, têm baixos volumes de negociações, que não justificam os custos de manutenção para que sejam negociadas na plataforma. A lista de moedas que sofrerão esta mudança são: Anti-Bureaucracy Coin (ABC) Binance Coin (BNB) Gimmer (GMR) Golem (GNT) OmiseGo (OMG) SingularDTV (SNGLS) Decred (DCR) MartexCoin (MXT) Niobio Cash (NBR) SmartCash (SMART) Moedas com cotação maior que R$ 0,50 podem ser negociadas normalmente pelos pares Real (BRL) e Bitcoin (BTC): Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Tether, Ripple, Zcash, Dash e Monero. As negociações dessas moedas permanecem como antes, sendo realizadas por Real e Bitcoin. A empresa também informou que terá um novo limite para criação de ordens que será de R$ 5,00 (ou equivalente em BTC). Clique aqui para ver a lista completa de alterações. O artigo Braziliex anuncia remoção de 8 criptomoedas apareceu primeiro em Livecoins.

5 days ago

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

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

5 days ago

Tether Arbitrage & The Dollar Peg

(This article is a subsection of “King Tether and the Stable Coin Wars”, presented here stand-alone to allow for more arbitrage examples, and to provide a resource for readers looking to understand how stable coins maintain their pegs to fiat currencies — article was written on Oct/2018, while the arbitrage process changed on Nov/2018, when USDT became redeemable at Tether directly, rather...

5 days ago

Tether Currently Accounts for 5% of all Bitcoin Transactions

A recent Medium post authored by Omni Core maintainer “dexx” presented interesting statistics about Tether’s (USDT) use of Bitcoin and Omni Layer protocol. According to dexx, Tether’s Omni Layer protocol uses a special type of Bitcoin transaction called OP_RETURN and USDT accounts for 5% of daily Bitcoin transactions. Omni also processes 15,000 to 20,000 transactions daily, which accounts for 6% of Bitcoin’s total daily transactions. Dexx points out that USDT had more transaction volume than Bitcoin itself on December 17th and he explained that a significant amount of Bitcoin’s daily transaction volume is not related to the cryptocurrency being used as money. (RS)

6 days ago

Next-Generation Technology Becomes Prime focus for Anaiv Capital

The volatility of the Markets, Endless Opportunities for Anaiv Capital Sometimes, we stop to observe and analyze other aspects of the crypto space. Foundations, veteran market experts, and start-up companies are adapting the digitization of their media; the technology that makes cryptocurrencies and tokens possible continues to advance and extend its reach. For as transformative as cryptocurrencies are, they have long been criticized for their extreme volatility. In an unexpected move you can lose or double your capital, due the young age of this markets. Anaiv Capital focuses on next-generation technology that is transforming market volatility into opportunity for its clients. According to the company’s website: “At Anaiv Capital, our main objective is to obtain investments that produce higher returns adjusted to the risk for the Group and its customers.” Trading - and especially high frequency trading - are based on taking advantage of this volatility to adjust the price between markets; thus obtaining compensation in the process. These processes are commonly known as arbitrage and this type of movement based on exchange rates can yield huge profits if sufficient liquidity is available. Anaiv Capital’s business strategies leverage this process effectively, making the most out of market volatility. For a long-term investor, the volatility of cryptocurrencies can be a reason for not investing. An asset that collapses 10% or 15% in a day and then bounces 50% to a new maximum. That’s what happened to Bitcoin between the end of November and the beginning of December 2017; a remarkable fall that went on to bounce to new all-time highs. That rebound offered profitable opportunities to those who successfully capitalized on the movements. Investment Models in Computerized Divergent Strategies Have Gained Strength The financial world is changing - computers have been processing purchase and sale orders for decades. While traditional investment models seek to resist change, new strategies seduce investors with models based on algorithms. Cryptocurrencies have entered into the game, along with traditional methods of diversification. Conventional models of diversification, for example, investing in different assets such as stocks, bonds, and derivatives, are giving way to completely computerized models that include divergent strategies. More and more fund managers are trying to find useful alternatives. A framework introduced for the first time by M. Rzepczynski (1999), gives us the opportunity to see strategies of risk investment through convergent and divergent models. Convergent traders and brokers maintain their faith that the market is stable and well structured. So they are followers of the “Efficient Market Hypothesis”. In short, they have faith in fundamental valuation methods. On the other hand, divergent strategists profess their own incomprehension to the true structure of risks. Under such optics they are followers of the behavioral financial discipline and use methods of technical analysis. Anaiv Capital seeks to combine the best of both models through professionals who analyze each aspect and make the most appropriate decisions for the managed funds. The opportunities exist under both perspectives and it is the professional capacity backed by years of experience that is the key to making decisions. Proven experts offer great opportunities for Anaiv Capital. Services Adapted to the New Times of the Fintech Scene, by Anaiv Capital Among the services offered by Anaiv Capital is the personalized escrow service in Bitcoin. The escrow financial services will be provided by a third-party Escrow Agent, supervised by a self-regulatory AML body. Anaiv provides a highly secure security deposit portfolio, ready for any transaction, where the coins will be safely stored in cold storage wallets. Anaiv Capital meets all of the requirements to be legally authorized to provide such service. Cold storage wallets provide a firewall in the face of modern risks of cyber-attacks to highly liquid managers. In addition to rigorous cybersecurity, speed is required to operate in volatile markets, since everything can change in hours or even a few minutes. With Anaiv Capital, slow transactions are a thing of the past as you can complete a custody transaction in just minutes and receive funds immediately. The advantages of passive income driven by blockchain available to everyone The market for cryptocurrencies has evolved ostensibly since its inception, with further innovations emerging all the time. With this, the possibilities increase every year, offering alternatives for all types of investors. Recently, we have witnessed an increase in stablecoins, cryptocurrencies or tokens whose value is linked to traditional Fiat currencies. Tether, DAI, and True USD all maintain a common characteristic - their value is tied to the US Dollar - and the list continues to grow with other fiat currencies replicated. These cryptocurrencies a

6 days ago

Five Interesting 2019 Cryptocurrency predictions from Fortune hosting the Winklevoss Twins

With two weeks gone, different predictions of what to expect in the crypto industry are springing up with the latest coming from The Ledger, Fortune’s TV Slot during a talk show with Cameron and Tyler Winklevoss, founders of Gemini exchange. The first prediction is on Tether (USDT), the king of stablecoins. They believe that Tether will likely lose traction this year as there are more ambitious stablecoins like USDC and GUSD, looking to dethrone the USDT. The next prediction is on the release of Facebook digital currency. The social network giant started a secret blockchain project last year, headed by David Marcus, former president of Paypal. As reported last month, Facebook is making a dive into the world of stablecoin as the company is preparing to release a stablecoin for its WhatsApp users in India. Moving further, they predicted that the US Securities and Exchange Commission (SEC) will become more watchful on crypto related activities. More exchanges and celebrities will likely receive fines for not adhering to AML and promoting fake ICOs. What happens to be the most exciting prediction is the approval of a Bitcoin ETF. The Ledger believe that 2019 is the year when the US regulators will finally approve one of the ETF applications after so many rejections. Bakkt will likely be the first to be accepted as the firm is working hard to ensure that it gains the SEC’s approval. Concluding their predictions, the executives predicted that the 2018 crypto winter would continue this year as there will be no big bulls like that of 2017. Listing some of the factors that will affect the prices negatively, the brothers cited increasing global geopolitical tensions, economic recession, and market volatility. Do you agree? Drop your predictions in the comment section below. The post Five Interesting 2019 Cryptocurrency predictions from Fortune hosting the Winklevoss Twins appeared first on ZyCrypto.

6 days ago

Ether Price Surges Ahead Of Constantinople Hard Fork

The excitement surrounding this week’s Constantinople hard fork has provided a much-needed boost for the Ether (ETH) price. Trading volumes suggest recent movements have been fueled by investors based in Europe and North America. Ether saw a sudden surge in value at around 15:00 GMT on Monday afternoon, with coin prices rising from $118 to $130 in the space of an hour. The total market capitalization rose 10%, to $1.1bn. The ETH price this week. Credit: CryptoCompare. The majority of ETH trades in the past 24 hours have been transacted with Bitcoin (BTC) and Tether (USDT), according to data from CryptoCompare. Among fiat currencies, a significant volume was transacted in US dollars (USD) and euros (EUR). The ETH-USD market is the largest, currently worth around $120m and ETH-EUR is nearing $30m - at current rates. For comparison, the ETH market with Japanese Yen (JPY) is worth approximately $4.5m. The sudden surge yesterday did not gather momentum, and prices have stabilized in the past 18 hours. Markets may continue to go sideways until the network update takes place at block 7,080,000. At press time, Ethereum’s block explorer showed a block height of 7,070,847; the Constantinople implementation is expected within the next day or so. What is the Constantinople hard fork? The Constantinople fork is the second in a series of wider updates, known as ‘Metropolis,’ first announced as part of the Ethereum roadmap in 2015. They are each designed to improve the overall security, scalability and functionality of the blockchain by addressing key technical points in the network’s code. Constantinople is made up of five Ethereum Improvement Proposals (EIPs). Some of these will streamline network actions - reducing gas fees for smart contract operations and transactions. But one of the main takeaways from Constantinople will be to lay the foundations for the Casper protocol: the transition that will ultimately turn Ethereum into a fully-functioning Proof-of-Stake (PoS) blockchain. In the meantime, a new anti-ASIC mining algorithm, known as Programmatic-Proof-of-Work (ProgPoW), will also be introduced, to ensure that hashing power doesn’t become centralized in a small collection of companies and mining pools. Price increases surrounding network updates are nothing new. The last upgrade, the Byzantium fork in October 2017, caused a $2bn spike in the Ether market cap. However, prices returned to pre-fork levels within a few days. The Constantinople fork may cause a temporary surge in the Ether price, but any real gains will come as the network optimizes and moves towards Casper. It may be a good start, but there’s still a lot, so to speak, at stake. The author is invested in digital assets, including BTC and ETH which is mentioned in this article. Join the conversation on Telegram and Twitter! The post Ether Price Surges Ahead Of Constantinople Hard Fork appeared first on Crypto Briefing.

6 days ago

TRON Partnered with ABCC Exchange, TRX 10 Tokens to be First Listed on ABCC

TRON (TRX) is becoming the hot topic every new day. On January 15, 2019, Justin Sun, the co-founder of world’s 9th largest cryptocurrency, TRX has appreciated ‘ABCC Exchange’ as the exchange announced a partnership with Tron platform. ABCC Exchange is truly an awesome platform that has witnessed great development. We are glad to partner with #ABCC as it's the first exchange listing #TRX10 tokens. #TRON #TRX $TRX https://t.co/8VO7Z2jGOY — Justin Sun (@justinsuntron) January 15, 2019 TRX- 10 on ABCC Exchange A few days ago, ABCC exchange announced that they’re working to list ‘TRC-20 and TRC-10 on their platform. Nevertheless, the same day (on January 09, 2019), Coingape noticed TRX dethroned Tether and hit the 8th spot in terms of total market cap. The price of #TRX has been rising rapidly! This is testament to the good news we have been hearing from @Tronfoundation recently. We are currently working with Tron to list TRC-20 and TRC-10 on ABCC Exchange! More details will be shared with you shortly. Stay posted! pic.twitter.com/xZGAaoIydW — ABCC Exchange (@ABCC_Exchange) January 10, 2019 At press time, TRX’s average trading volume hits $1,656,232,283 deriving the growth of 4.21 percent over the last 24hrs. Nonetheless, Upbit, Binance, Huobi, Bit-Z, Bithumb, OKEx are the top market players contributing to the huge volume of trading to TRON cryptocurrency. The announcement brought into light when ABCC exchange hit social media ‘revealing the partnership with Tron foundation’. The exchange appears as the first trading platform to list TRC-10 tokens. We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron #ABCC is the 1st exchange that will list #TRX 10 tokens - We are one of the top exchanges with great security and user interface. Stay tuned! #Blockchain mass adoption is coming Soon after the announcement, ABCC exchange’s website pops up an unambiguous notice which indicates ‘system upgrade’, henceforth the website is down for users. As such, the platform states deposit, withdrawals, visits, and trades are off from 04:00 PM to 10:00 PM 15 Jan (UTC+8). Do you think that TRX user hits affect ABCC exchange? Are you excited to know what can be the next move of TRX and ABCC exchange? Stay tuned with Coingape. The post TRON Partnered with ABCC Exchange, TRX 10 Tokens to be First Listed on ABCC appeared first on Coingape.

6 days ago

Five More 2019 Crypto Predictions From Industry Executives

Despite the mauling of crypto markets by the bears, last year was a huge one for mainstream media to pick up crypto related stories which were once for niche outlets only. They obviously drive traffic and garner attention which shows that the public still has a big interest in all things crypto. Fortune has been big on Bitcoin for a while now and its dedicated TV slot, The Ledger, has just run another prediction piece hosting the Winklevoss twins. The show was largely dedicated to their Gemini exchange and related products but the following predictions are interesting. The first prediction is the loss of traction of Tether. Stablecoins took off in 2018 when several new ones appeared on the scene all with the ambition to dethrone USDT. While Tether is still the king dollar pegged coin with a market cap of $2 billion, others are creeping into the charts and gathering momentum. The next most popular stablecoin after USDT is Circle and Coinbase’s USD Coin which is currently at 19th place with a $354 million market cap. TrueUSD is next down the list at 27th on just over $200 million. Naturally the dump of most altcoins has lifted stablecoins over the past few months but there are now a good few competitors for Tether. If the Escobar estate gets its way there will be another one coming soon. The second prediction is that Facebook enters the fray with its own stablecoin for use on WhatsApp. However, considering the manipulation, privacy and censorship issues the social media giant has been embroiled in over the last year it should be the least favorable platform to trust with crypto assets. More torment from the SEC has also been predicted as the US regulator eyes up bigger targets. The possibility of XRP being classified as an unregulated security is a very real one for Ripple. Either way American authorities will not be going any easier on crypto in 2019. On a brighter note there is a prediction for a Bitcoin EFT approval, possibly as early as next month. Bakkt, which has just made its first acquisition, is gearing up for the launch of its physically settled futures contracts and VanEck may not be far behind. Finally a look at markets, and a prediction for the continuation of 2018’s crypto hangover. Worsening economic conditions, global political tension, and volatility have been cited as the dampener for Bitcoin and its brethren. However, some may see these as reasons to get into crypto and decouple from ever more fragile fiat as stores of value. The post Five More 2019 Crypto Predictions From Industry Executives appeared first on Ethereum World News.

6 days ago

Something fishy is going on with the Tron Accelerator $1m developer contest

[Tron Accelerator](https://tronaccelerator.io/) is (allegedly) a $1m contest for TRX dapp developers. Being someone who has been highly active in all blockchain dapp scenes, I have been watching this unfold. I figured I'd post it here so you guys can help put the pieces together. Basically, tons of supposed USDT prizes for people to win by developing on TRX. This is the main reason why some eth devs decided to port games to TRX - Not because they are "jumping ship" like the shillers want you to believe (In fact many of them who I know personally still plan to continue developing on Eth). They just wanted a piece of the contest prizes and its pretty easy to put an eth dapp onto tron. Anyways, yesterday was supposed to be when they decide winners. The results werent announced and people started to get anxious. Finally today they said that they emailed all the winners. Inside the email included the following: >Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned:) Apparently they decided to change the prize payouts, dropping the lowest prize to $1k instead of $5k. Many people were upset about this in the official tron dev discord feeling they had been mislead. Some even seem to think there is something deeper going on. For example, one Super Representative candidate posts: >Nobody even knows that they'll pay out the full 1,000,000 I can guarantee they won't. They didn't pay out the full amount last competition They're not cutting prize amounts because so many people supposedly entered, they're cutting them because they won't pay the full amount. 100 winners is not better than 57 when the majority of those winners took 30 minutes to reskin an existing smart contract on the network You can make all the excuses you want, or try to see the good in it but you're only lying to yourself When we got $75k shaved off our prize, we weren't happy because 100 winners were better than 57. They didn't even pick winners for some of the prizes. ​ There were some people who said they received the email and won $1k, but interestingly nobody was coming out in the public saying they won a large prize. After some sleuthing, we found this [instagram post](https://www.instagram.com/p/BsgCyyGAHv-/) of apparently some random person associated with "STOken Studio" who appears to have won the $200k prize. Dont bother trying to google it, nothing will come up. All we were able to find about this mysterious project was this [embarassingly empty github](https://github.com/chews/stoken) with only 3 commits, and this [https://stokenstudio.firebaseapp.com/](https://stokenstudio.firebaseapp.com/) . The [smart contract code](https://github.com/chews/stoken/blob/master/contractAgent/chalicelib/STOken.sol) is nonexistent and if the website is even doing anything, it appears to be on shasta testnet. Upon analysis, one of the SR candidates from the discord jokes that this "dapp" is just a microsoft word plugin. Additionally in the FAQs on tron accel website it clearly says entrants must be on mainnet: >Can I develop a DApp that does not use smart contracts, but does use TRX? > >Yes, you can. It is OK for you to not use TVM, but you have to be on the Mainnet. Grand prize aside, some other funny stuff: One dev decided to clone "Shrimp Farm" from eth to tron just as an experiment. It surprisingly got a ton of volume despite being a simple ponzi game. This led to a huge amount of clones onto tron, including Tron Anthills, Crocs, and many others. Surprisingly, although Tron Shrimp clearly had the most volume, users, and txns, it did not win a prize. BUT ONE OF THE CLONES OF THIS CLONE DID! The Anthills developer "diego" posted to his community that he was one of the winners! **To summarize, so far:** * They changed the prizes *after* the contest ended * They allowed clones to win but not the original clone onto TRX * They allowed contestants to win who didnt meet the criteria (being on mainnet) * They allowed projects that arent open source to win * The Grand Winner is a mysterious project with barely any info available * They havent posted a public list of the winners * Some blatant ponzi games have won prizes If you want to watch this all unfold live, you can find the Tron dev discord [here](https://np.reddit.com/r/Tronix/comments/a254am/in_1_months_time_the_tron_discord_channel_has/) and go to the #tronaccelerator channel. Tons of FUD currently, bring popcorn.

10 days ago

XRP v/s ETH: XRP Dethrones Ethereum From Second Position Again Amid Market Meltdown

XRP amid a market collapse regained the second spot by dethroning rival Ethereum. Although at press time, prices of all major cryptocurrencies including XRP is still descending but positioning of XRP on the second position in crypto ranking reflects the confidence towards XRP as a better hedging asset beside bitcoin. Key Takeaways XRP dethrone Ethereum for the second place Tether regained its 8th position from TRON Bitcoin lost almost 10 percent over the last 24hrs At press time, XRP emerged on the top second spot with the total market cap $13,487,363,105. Notably, the major trading contributes by Upbit, ZB.com, Binance, ZBG, OKEx and other cryptocurrency exchanges. Source: https://coinmarketcap.com/ XRP gains trading volume - Tether Turns Green After a strong rise to the start of 2019, Bitcoin sunk again below $3600, down almost 10 percent during last 24hrs. This sudden fall has eventually dragged the other cryptocurrencies to the red grounds of the market. According to the data from coinmarketcap, today’s second largest cryptocurrency, XRP is trading at the value $0.328636, losing 12.88 percent over the last 24 hours. Consequently, the third largest cryptocurrency, Ethereum is down with 15.19 percent during last 24 hrs and trading with $128.55. Source: https://coinmarketcap.com/ Among the top 10 cryptocurrencies, Tether rolls up a green signal with almost 1 percent growth over the last 24 hrs. Nevertheless, Coingape noticed that the market cap of TRON shortly took over Tether yesterday and managed to become the 8th largest cryptocurrency. However, the very next day, on January 11, 2019, Tether has regained its 8th position, snatching it from TRON which is now the 9th largest cryptocurrency. ETH’s and TRON’s decline over the last 24hrs has turned XRP and Tether one step up. Nevertheless, the reason behind market fluctuations is not immediately clear but the point of sudden sell-off has recently been picked by Morgan Creek’s founder Anthony Pompliano. Unlike to what Travis Kling, founder of the crypto hedge fund Ikigai, told Bloomberg that “It’s unlikely that the bottom is in for bitcoin,” Anthony Pompliano claim that ‘the price drop is a game of accumulation’, adding that ‘there are more sellers than buyers’. Lots of people will claim they know why Bitcoin's price dropped today, but the intelligent investors know it is simply because there are more sellers than buyers. This is a game of accumulation. Proceed wisely. — Pomp 🌪 (@APompliano) January 10, 2019 So, what’s your opinion on XRP’s latest move? Do you think XRP is the next immediate challenger to flagship cryptocurrency, Bitcoin considering marketcap? Share your thoughts The post XRP v/s ETH: XRP Dethrones Ethereum From Second Position Again Amid Market Meltdown appeared first on Coingape.

11 days ago

Cryptocurrency Markets Plunge 11% in a Single Day

Just when things were looking positive for 2019, and cryptocurrency markets were making a slow recovery from their December lows, the bears came out in force and smashed them to bits over the past 24 hours. Over $15 billion has been lost from crypto assets since the same time yesterday resulting in a daily crash of over 11%. There were two separate dumps each occurring over about an hour as the tsunami of bears beat the hell out of Bitcoin and its brethren. Bitcoin has been facing stiff resistance at the $4,000 level as all indicators suggest that it will not be easy breaking through. Those were proved right yesterday as Bitcoin swiftly plunged back to $3,850, a previous level of support. The pain did not stop there as eight hours later another digital avalanche commenced sending Bitcoin back to $3,660. Any further losses below $3,600, another strong support zone, could see BTC back to its mid-December low of $3,200. As seen on countless occasions the entire crypto market is hopelessly tied to the movements of Bitcoin. The big purge has hurt Ethereum even more which is currently showing a 13% loss on the day according to Coinmarketcap.com. Ethereum’s pain has been XRP’s gain as it retakes second spot with a slim market cap margin of just $100 million. The Ripple token also dumped 11.5% but it was just enough to edge out Ethereum again. The entire market bled so much that Tether is climbing back up the chart and challenging Litecoin for seventh spot. The biggest losers at the time of writing are Bitcoin Cash, EOS, Tron and Cardano all plummeting over 16% on the day. Tron is still up over the week though as a series of positive fundamentals have kept TRX buoyant. There is only one survivor at the moment and that is Verge which has actually made a gain while all those around it have crumbled. XVG is actually showing a 7.5% increase on the day. There are a few updates to wallets and software but not a lot else appears to be driving momentum so it is likely to dump those gains very shortly. Verge has been considered by some as a deadcoin but it still seems to be kicking at the moment. Despite the latest purge crypto markets appear to be consolidating in a range bound channel between $120 and $140 billion. If a third dump happens things could easily go south very quickly and new lows could be made. As it stands now markets are at their lowest level for 2019. The post Cryptocurrency Markets Plunge 11% in a Single Day appeared first on Ethereum World News.

11 days ago

Cryptocurrency coverage remains crowded despite 2018 market shake-up, CryptoGlobe finds

According to a report published by CryptoGlobe, the market crisis of 2018 did not cause the media to look away from the cryptocurrency space. The analysis, which utilized CryptoCompare’s API to gather metadata on nearly 65,000 articles from 25 news sites, found that the coverage actually became more crowded over time. By moving away from strict technical analysis, the cryptocurrency news stories ceased being a mere “province of tech enthusiasts,” and went much more mainstream, CryptoGlobe writes. Interestingly, despite the altcoin market’s sizeable expansion throughout the past couple of years, the topic has failed to take over bitcoin coverage in the media. By the end of the year, bitcoin remained the most popular token to cover, garnering nearly 42 per cent of crypto coverage. According to CryptoGlobe, the coverage of altcoins corresponded “pretty neatly to their respective market caps,” with the exception of litecoin and tether, which “saw news coverage in 2018 disproportionate to what their market cap would have suggested.” The post Cryptocurrency coverage remains crowded despite 2018 market shake-up, CryptoGlobe finds appeared first on The Block.

11 days ago

Stablecoins take over as Cryptocurrency Market faces Sudden Crash. How long is it going to last?

The cryptocurrency market has seen a sudden dip today 10 January 2019. All top ten cryptocurrencies are victims and a look at the top 100 cryptocurrencies shows only two coins Aurora (AOA) and Maximine Coin (MXM) are in the greens. All stablecoins among the top one hundred digital assets, on the other hand, are all in green flourishing while top cryptocurrencies including Bitcoin are on a free fall. The stablecoins Tether (USDT), USD Coin, TrueUSD, Paxos STandard (PAX), Gemini Dollar (GUSD) and Dai Stablecoin are gaining momentum as at press time, USDT even showing tendencies of taking the 7th spot from Litecoin after reclaiming the 8th position which Tron (TRX) took from it just yesterday. Stablecoins enable cryptocurrency enthusiasts to pay for goods and services without having to worry about the sudden price fluctuations that characterize cryptocurrencies. As the market became very unstable in 2018, many cryptocurrency users turned to stablecoins as a better alternative to the volatile cryptocurrencies. The interest in stablecoins has been sustained since then and is now reflecting in the market trends of the top 100 digital assets by Coinmarketcap ranking. Not just individuals but countries are now working on issuing stablecoins because of this growing interest and the quest to remove volatility from digital assets which should be used as means exchange. For instance just yesterday it was reported that China’s third largest city Kaoshiung is working on issuing a stablecoin known as Kaoshiung Coin to residents of the city to use for buying of goods and services. The fiat stablecoin is scheduled to be launched by 19 January 2019 and work on it is almost complete. This the Taiwanese city is working on in collaboration with the Korean government. Via Coin360.com If the volatile trends of cryptocurrencies continue then stablecoins may eventually take over the space as they are obviously currently preferred. According to a report, PAX alone exceeded $5 billion in transactions in the first 3 months of its launch, showing a significant interest in stablecoins generally. The interest in stablecoins has evidently increased and still growing and this may continue until a solution to volatility is found. Are we getting there soon? The post Stablecoins take over as Cryptocurrency Market faces Sudden Crash. How long is it going to last? appeared first on ZyCrypto.

11 days ago

VeriBlock Fingered for Taking Free Rides on Bitcoin

Bitcoin developers have been scratching their heads recently, noticing a large number of OP_RETURN transactions on the blockchain over the past few days. OP_RETURN is a type of Bitcoin transaction that is used for embedding data into the blockchain. The culprit, according to analysts, has been a new blockchain project called VeriBlock, one that piggybacks on the Bitcoin blockchain in an effort to better secure alternative crypto asset networks. Source of the now-highest volume of OP_RETURN outputs has been identified as @VeriBlock "proof of proof" miners. They are creating around 20% of all BTC transactions now. Seems inefficient to me; will be interesting to see if the incentives work long term. https://t.co/LpjyhGKg2b — Jameson Lopp (@lopp) January 5, 2019 The new project is versatile, enabling the issue of new assets such as Tether or simply proving the existence of data such as “proof-of-existence”. More significantly in terms of its effect on the blockchain is that VeriBlock is now generating roughly 20% of daily Bitcoin transactions. Embedding alternative data into the Bitcoin blockchain is not a new development, and there has been plenty of discussion in the past between developers whether these sorts of transactions should be encouraged at all. That debate led to the introduction of the OP_RETURN operator in Bitcoin Core 0.9. Ethereum creator Vitalik Buterin claimed he avoided piggybacking on Bitcoin feeling that Bitcoin developers might limit the extent to which data can be embedded in the Bitcoin blockchain. There is a current debate on this current version and whether those like it should even be defined as spam, however, the nature of Bitcoin means that those happy to pay can get their transactions on the blockchain. VeriBlock itself is currently making it more expensive to make actual money transfers on the Bitcoin network due to the limited availability of block space, but those willing to pay Bitcoin transaction fees are propping up the project. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post VeriBlock Fingered for Taking Free Rides on Bitcoin appeared first on BitcoinNews.com.

11 days ago

Tron [TRX] gains support from OKEx for margin trading, post BitTorrent airdrop announcement

The whole cryptocurrency witnessed the bear’s wrath earlier today, with a majority of the coins spotted bleeding in double digits within a fraction of minutes. This included all the top currencies in the market such as Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC], and Tron [TRX]. To add on, Ethereum [ETH] lost its second position to XRP again, right after the bear’s first strike. Tron [TRX], a leading cryptocurrency in the market, was making the most out of the bull market as the currency rose from the tenth position to place itself at its current eighth position in the market and claiming the throne of the biggest winner in the market. However, the coin was unable to escape the bear’s wrath, as it was amongst the coins that had seen a loss in double-digit and dropped to the ninth position. Nonetheless, the coin is recovering much faster than any other cryptocurrency, gaining back all it lost in the market. According to CoinMarketCap, at press time, Tron was trading at $0.0273 with a market cap of $1.82 billion. The cryptocurrency recorded a trading volume of $776.08 million and saw a rise of over 36% in the past seven days. Amidst all the major market movement, OKEx, one of the leading cryptocurrency platforms in the space, has stepped forward to give the coin an additional push in the market. The exchange announced the opening of the marginal market for the coin. With this service, customers will be able to open a position for the coin with leverage, money borrowed by the exchange for trading. Additionally, a trader can either short or long their position based on the market trend for the cryptocurrency. The exchange platform has announced that the coin will be paired with Tether [USDT] and Bitcoin [BTC] for margin trading. OKEx has also stated that the customers of the platform will be able to either avail 2x leverage on their available balance or the maximum amount mentioned by the exchange, with the preference given to the smallest amount. Available loan amount for Tron on OKEx | Source: OKEx Justin Sun, the Founder and CEO of Tron Foundation said on Twitter: “Thanks for support. @OKEx #TRON“ KYxWarMonkey, a Twitterati said: “I knew once I went 100% all in on #trx #tron you [Justin Sun] would take care of us and you answered very well! Can’t wait to see Trons future! Xoxo” Recently, the coin was in the spotlight because of the announcement pertaining to BitTorrent, the largest Torrent platform in the world. The Foundation unveiled the BitTorrent token [BTT] whitepaper, a TRC10 cryptocurrency, and announced that the crowdfunding of the token would be held on Binance’s new platform, Binance Launchpad. To add on to investors delight, Justin Sun announced that the BitTorrent token would be airdropped to the whole Tron community - all the TRX hodlers. The post Tron [TRX] gains support from OKEx for margin trading, post BitTorrent airdrop announcement appeared first on AMBCrypto.

11 days ago

OKEx Launches TRX Triple Leveraged Margin Trading

OKEx recently announced that it had added TRON (TRX) to its list of digital assets that can be traded on margin. The popular altcoin will have spot margin trading for the TRX/USDT and TRX/BTC pairs, with up to 3x leverage. OKEx users can also deposit TRX to the OK PiggyBank and this allows exchange users to loan their crypto holdings to other margin traders. OKEx would then take 15% of the daily margin interest as its own profit and the remaining 85% would be spread amongst users based on the number of coins in the OK PiggyBank. Users can also deposit Bitcoin, Tether, Ethereum, EOS, Litecoin, Ethereum Classic and XRP to the PiggyBank. (RS)

11 days ago

Criptomoeda TRON já valorizou mais de 40% em 2019

Por: Livecoins A criptomoeda Tron (TRX) teve valorização de mais de 40% este ano, com uma alta de 2% nas últimas 24 horas, segundo o Coinmarketcap. Na última terça-feira, a TRX era negociada por US $ 0,0187. O preço agora é de US $ 0,0262. A alta acompanha uma ótima semana para o mercado em geral, já que o valor total de mercado de todas as criptomoedas subiu mais de 10%. Na quarta-feira (9 de janeiro), enquanto o Bitcoin (BTC) lutava para ficar acima do nível de US $ 4.000, a TRON (TRX) ultrapassou o Tether (USDT) com um aumento de 12% no preço, se tornando a 8ª criptomoeda mais valiosa do mercado. A Tether se recuperou e a TRON agora é a 9º criptomoeda mais valiosa, a Litecoin ocupa a 8ª posição. Preço TRON em Reais. Imagem: Livecoins A Tron, que adquiriu a BitTorrent no ano passado, está trabalhando em maneiras de se integrar à plataforma e incentivar sua enorme base de usuários. O fundador e CEO da Tron, Justin Sun, disse que um novo token será criado, chamado de BitTorrent (BTT), e será usado para recompensar pessoas que compartilham arquivos na rede torrent. Justin Sun disse também que adicionou mais de 24 aplicativos descentralizados (DApps) desde o começo do ano, incluindo a plataforma Everdragons que acabou de ser migrada da rede Ethereum. A Everdragons traz dois jogos, Goldmine e Territory para a blockchain da Tron. Ambos os jogos viram suas transações saltar mais de 14.000 nas primeiras 12 horas após o lançamento na Tron. O jogo Ethereum World War Goo também está indo para a rede Tron. O desenvolvedor do jogo disse que a plataforma está utilizando as “transações mais rápidas na Tron para proporcionar uma experiência mais leve”. Há uma forte possibilidade de que a Tron possa continuar sua tendência de alta e superar os US $ 0,029. Os indicadores MACD e RSI estão com tendência de alta no gráfico de 4 horas, refletindo o forte momento de compra atual. MACD RSI TRON A Tron tem como objetivo tornar-se uma das 4 principais criptomoedas por capitalização de mercado ainda este ano, conforme revelado por um recente retweet de Justin Sun. Justin Sun, que é um mestre em promover a TRON no Twitter, demonstrou seu orgulho pelo forte desempenho da TRON e fez vários post sobre a alta. Principais conclusões: A Tron teve o melhor desempenho entre as principais criptomoedas pelo segundo dia consecutivo A criptomoeda ganhou liquidez entre US $ 0,028 e US $ 0,031 Há uma forte possibilidade de que a Tron possa continuar sua onda de alta. Justin bieber Sun é um bom marqueteiro. O artigo Criptomoeda TRON já valorizou mais de 40% em 2019 apareceu primeiro em Livecoins.

11 days ago

Market Update: Tether (USDT) Beats Tron (TRX) to Reclaim the 8th Spot

Tether USDT has made a move today to reclaim the 8th position on the market capitalization ranking list. Tron (TRX) had claimed the position from Tether yesterday after beating Bitcoin SV to the 9th within just two days. That’s a great move and a rare one right there. Within the last few hours, however, TRX like most of the top ten cryptocurrencies is back in the reds except for Tether. No wonder it was able to regain its position. There has been a growing love for stablecoins of recent so that may be the secret behind the stablecoin being in the green while the remaining nine including Bitcoin are down. TRX has been growing exponentially, gaining over 40% of its price within 48 hours and getting back among the top ten cryptocurrencies after a short break. The CEO of Tron Justin Sun is confident that the token has the potential to become the number one cryptocurrency in the coming years. While its dream of decentralizing the internet is in progress, the Tron network has shown significant resilience with its token surging in price and market capitalization in the face of several bear markets even last year 2018. Although it is falling with the other top cryptocurrencies in this sudden decline in the early hours of today, chances are it will soon bounce back and retake the 8th position unless Tether grows really fast to stay ahead. Speaking of reclaiming positions, Ethereum (ETH) has also lost the second position to XRP again as the decline started. Ethereum like TRX has seen significant growth following the crash in Q4 of 2018. It reached a price of $160 in the last few days but has now crashed to just above $130 at press time. Tron is currently trading at $0.027 with market cap of $1,811,842,173 compared to that of Tether at $1,930,489,180. Bitcoin SV, The next cryptocurrency that may displace TRX is quite low at $1,399,214,101 so it is not likely that it will replace TRX before the sudden, possibly short-term decline is over. The market is showing an interesting pattern with all the displacements and it will be interesting to see what happens in the next few hours. The concern though is how long the decline will last. Is it an indication of another massive sell-off or is the market just taking a short break to return soon? The post Market Update: Tether (USDT) Beats Tron (TRX) to Reclaim the 8th Spot appeared first on ZyCrypto.

11 days ago

Bitcoin Price Sinks Below $4000 again, Sliding XRP, ETH, BCH, EOS Down the line

While TRX edged out Tether and riding the increasing wave, the crown cryptocurrency, Bitcoin is sinking below $4000 again, dragging other leading cryptocurrencies in the red zone. However, any specific reason affecting this low is still out of sight but the analyst predicts ‘more lows before heading towards high’. Market Again in Red Zone Today According to the data from Coinmarketcap, Bitcoin is trading at $3,844.54 with a negative mark of 5.20 percent (press time). The red zone is then followed by XRP which has dropped with 4.44 percent, ETH with 10.37 percent, Bitcoin cash declined with 12.32 percent, EOS with 8.01 percent, Stellar with 5.775 percent, and Litecoin with 10.03 percent. Nevertheless, of all top 10 cryptocurrencies, the upward move is seen by TRON and Tether which were spotted on 8th and 9th position consequently with the growing point of 11.04 percent and 0.18 percent respectively. In a meantime, the latest report from Bloomberg indicates the prediction of a technical analyst who measures the upcoming move of Bitcoin based on the historical price pattern. As such, it has revealed that ‘bottom is in for Bitcoin’. Founder of the crypto hedge fund Ikigai, Travis Kling told Bloomberg that; I am certainly willing to change my mind, but the preponderance of evidence leads us to believe that we’ll see more lows before we head higher.” Certainly, the prediction turned the reality. However, the early days of 2019 seem exciting for the crypto community, especially for Bitcoin and Ethereum enthusiasts since Bitcoin was slowly moving up and Ethereum took charge over XRP as the second largest cryptocurrency. In addition, the Ethereum fork created a huge hype across market along with Ripple delivering its commitment. Despite the drop around the largest cryptocurrencies, Justin Sun’s TRX is getting greener day by day. Notably, it has first surpassed long-standing 9th positioned Bitcoin SV and today it overtook Tether and became the 8th largest cryptocurrency with a total market cap of $1,995,850,324. First #BSV and now #Tether, #Tron is all set to reach the peak. Tron current price is: $0.030221 (14%⬆️)@justinsuntron @ABCC_Exchange https://t.co/H9KQRh8jxs — CoinGape (@CoinGapeMedia) January 10, 2019 What do you think the next move of Bitcoin, ETH, XRP, and other cryptocurrencies? Share your predictions. The post Bitcoin Price Sinks Below $4000 again, Sliding XRP, ETH, BCH, EOS Down the line appeared first on Coingape.

11 days ago

TRON Taking Throne - Snatched 8th Position after surpassing Tether and Bitcoin SV

First BSV and now Tether, Tron is all set to reach the peak. According to the data from Coinmarketcap, Tron spotted on top eighth position by surpassing Tether. Today’s data from Coinmarketcap reveals; Tron counts the total market cap of $2,078,708,556 Tether valued the total market cap of $1,958,619,891 Bitcoin SV stands with $1,533,615,607 The Momentum 2019 seems to be the winning year for Tron - it had recently surpassed Bitcoin SV which was the prediction of Tron’s founder Justin Sun. Indeed he delivered on his commitment and it had happened. While it surpassed the hard fork of Bitcoin Cash, Bitcoin SV or BSV, Tron became the world’s 9th largest cryptocurrency in the market by whopping 11 percent increase during 24 hrs. TRON Taking Throne Nevertheless, Tron is continuously looking for exposure and expansion in the market and as such the team grabs it as soon as the opportunity rings the bell. Consequently, the latest tweet of ABCC exchange which is the zero-trading free crypto exchange has recently remarked the ‘price rise of TRX’. With this statement, they also announced the listing of Tron’s TRC-20 and TRC-10 on their platform. The price of #TRX has been rising rapidly! This is testament to the good news we have been hearing from @Tronfoundation recently. We are currently working with Tron to list TRC-20 and TRC-10 on ABCC Exchange! More details will be shared with you shortly. Stay posted! pic.twitter.com/xZGAaoIydW — ABCC Exchange (@ABCC_Exchange) January 10, 2019 Furthermore, OKEx, the largest cryptocurrency exchange which presently stands on top third position with a market cap $644,937,399 has announced the launch of Tron (TRX) margin trading. On January 10, 2019, it has unveiled the trading pairs for spot margin trading. The announcement reads; 1. The launch of spot margin trading for the pairs TRX/USDT and TRX/BTC (3x Leverage) 2. Support of TRX for OK PiggyBank Interestingly, following the top 8th spot, Justin Sun took to twitter asking Tronees ‘Who’s next’. The tweet fueled with a number of comments, pointing Tron to takeover stellar cryptocurrency which presently sits comfortably on the sixth position with a market cap of $2,401,430,743. Who’s next? 🤜🏻 💥 #TRON $TRX $BTT pic.twitter.com/6cn3lUOnDz — Justin Sun (@justinsuntron) January 9, 2019 The post TRON Taking Throne - Snatched 8th Position after surpassing Tether and Bitcoin SV appeared first on Coingape.

11 days ago

Tron Breaks $2 Billion, Takes 8th Place Reaching 5 Month High

Cryptocurrency markets have been somewhat sideways for the last three weeks or so. Only a couple of cryptos have seen good enough gains to propel them up the market capitalization chart and Tron is one of them as it breaks the $2 billion barrier. Tron Forging On, 60% Gains in a Week At the time of writing Tron’s TRX token is the best performing crypto asset in the top one hundred. With a 23% gain on the day it is surging up the market cap charts and has just taken eighth spot. Yesterday TRX daily volume doubled as it increased the gap away from the flailing Bitcoin SV. Today that volume has doubled again from $200 to $400 million. A few hours ago Tron has just exceeded $2 billion market cap which makes it the eighth largest cryptocurrency in the world. Tron is currently trading at a five month high of $0.0320, a price not visited since the end of July last year. TRX is at its highest satoshi level since May 2018, currently trading at 790 sats. This increased market cap has placed TRX above Tether which has a fixed cap of $1.92 billion. Tron is currently on $2.13 billion at the time of writing and chasing down Litecoin just above it on $2.35 billion. The gap between Tron’s current position and one in the top four is just $700 million. Naturally Justin Sun had to gloat on twitter, but in all fairness his token is outperforming every other crypto in the top one hundred during the day’s Asian trading session; Who’s next? #TRON $TRX $BTT pic.twitter.com/6cn3lUOnDz — Justin Sun (@justinsuntron) January 9, 2019 Momentum is coming from a number of positive fundamentals including the progression of Project Atlas, BitTorrent’s BTT token launch, increased gaming dApp usage as TronGoo takes top spot, OKEx launching TRX margin trading, and the hiring of a former United States SEC supervisory attorney as its first chief compliance officer. This is all good gravy for Tron which has made an impressive 60% since the same time last Thursday, and 135% over the past month. Elsewhere in the top ten the gap between second and third is diminishing again as Ethereum fails to hold gains allowing XRP to catch up. At the time of writing the two were only $450 million apart in terms of market cap. Cardano has also made good progress over the past week and is rapidly closing on Bitcoin SV which appears to have run out of steam and is about to exit the top ten. Image from Shutterstock The post Tron Breaks $2 Billion, Takes 8th Place Reaching 5 Month High appeared first on NewsBTC.

11 days ago

VeriBlock ‘Spams’ Bitcoin Network to Secure Blockchains of Other Cryptos

CoinSpeaker VeriBlock ‘Spams’ Bitcoin Network to Secure Blockchains of Other Cryptos Recently, Bitcoin developers noticed some strange activity on the blockchain. Specifically, a large number of unidentified OP_RETURN transactions were discovered, according to Forbes. OP_RETURN is a type of Bitcoin transaction that is used for embedding data into the blockchain. It can be used for anything from proving the existence of some data at a specific point in time (proof-of-existence) to issuing new assets, such as the controversial US dollar-pegged Tether, on top of the Bitcoin blockchain. This function accepts a user-defined sequence of up to 40 bytes. When a transaction containing a challenge script with an OP_RETURN function is mined into a block, the accompanying byte sequence enters the blockchain. OP_RETURN and its 40-byte limit represent a compromise between two opposing visions of Bitcoin’s future. One camp sees the blockchain as a secure, decentralized data store on which numerous financial and social applications can be built. Promoting the growth of these new applications helps ensure Bitcoin’s long-term relevance. Allowing transactions to carry application-specific data in a standard way advances this goal. The other camp views the Bitcoin blockchain exclusively as a medium for recording electronic cash payments. Even so, important scalability issues will need to be addressed sooner or later. Trying to accomodate the data requirements of arbitrary application layers only raises the cost of maintaining the network today, while pushing forward the eventual day of reckoning. Over the past few days, it became more clear that the entity behind these newly-revealed transactions is VeriBlock, a project that piggybacks on the Bitcoin blockchain in an effort to better secure alternative crypto asset networks. “Proof-Of-Proof” Using Bitcoin’s Hash Power VeriBlock works on a process known of “proof-of-proof” whereby the latter “proof” is arrived at using the hash power of the Bitcoin network. Perhaps the most notable contributor to the VeriBlock project is former Bitcoin Core developer Jeff Garzik who infamously led the development of the abandoned SegWit2x hard fork attempt of Bitcoin in 2017, is part of the VeriBlock team. The new OP_RETURN debates started from Jameson Lopp’s tweet on January 5. According to Lopp, who is CTO of crypto custody provider Casa, VeriBlock was identified as the protocol behind the highest volume of OP_RETURN outputs. Data from opreturn.org showed that in December 2017, VeriBlock posted 784k OP_RETURN transactions and according to Lopp, they are on track to post 1.5 million transactions in January 2018. Source of the now-highest volume of OP_RETURN outputs has been identified as @VeriBlock "proof of proof" miners. They are creating around 20% of all BTC transactions now. Seems inefficient to me; will be interesting to see if the incentives work long term. https://t.co/LpjyhGKg2b — Jameson Lopp (@lopp) January 5, 2019 Although the VeriBlock blockchain is still in a testing phase, the OP_RETURN transactions that it generates already account for roughly 20% of all of the transactions made on the Bitcoin network every day. Even though some may characterize VeriBlock as simple spam, the truth is, that Bitcoin works on a system where anyone who is willing to pay a fee will get their transactions into the blockchain. For now, VeriBlock is making it more expensive to make actual money transfers on the Bitcoin network due to the limited availability of block space. However, there isn’t really anything anyone can do about this as long as people are willing to pay Bitcoin transaction fees in an effort to improve the security of alternative blockchains. The viability of VeriBlock and its effect on Bitcoin will be something worth tracking in 2019. If the company continues to increase the number of transactions it creates using OP_RETURN and filling up Bitcoin’s limited block space, the market will bid up the price of transaction fees to the point where it could become uneconomical for VeriBlock to continue to increase its transactions. The massive proliferation of cash-grab altcoins and the continued profitability of scams in the space has made digital currency difficult to take seriously for anyone outside of the industry. Some think that many of these altcoins, particularly those needing support from VeriBlock, need to die off entirely before this can change. We already wrote of how last week Ethereum Classic (ETC) debacle happened and how the risk of 51% attack on altcoins is far greater than it is on the BTC network. This is because there is much less hashing power securing these smaller networks. With less computing power enforcing them, attackers need to command far less computing power themselves to subvert the network’s rules. VeriBlock ‘Spams’ Bitcoin Network to Secure Blockchains of Other Cryptos

11 days ago

News courtesy of berminal.com
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