Tezos XTZ

$1.25
Market Cap $ 759.488 MM (#18)
24h Volume $ 2.709 MM
Chg. 24h: -1.40%
Algo. score 3.6/5  (#162)
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Tezos News

What Is NEM? Introduction To XEM

What Is NEM? NEM is a dual-layer blockchain similar to Ethereum but written in Java, a popular computer programming language. Launched on March 31, 2015, the NEM mainnet supports multiple ledgers on its cryptocurrency layer, and the NEM Smart Assets layer supports mosaics to represent any store of value. NEM’s proprietary crypto coin is XEM, which is harvested (mined) using a Proof-of-Importance algorithm. (NEM, by the way, stands for New Economy Movement.) Introduction To NEM What makes NEM so powerful is the Smart Asset System. Nodes on the NEM blockchain process API calls, which makes it easy to develop for, whether the dApp accesses NEM’s API directly, through a server, or in the background. Basically NEM built a blockchain-based cloud platform with a NEM Infrastructure Server (NIS) made of secure, decentralized processing nodes on one side and a client side, like the NEM Community Client (NCC), which acts as a gateway. Of course, it’s not all roses and rainbows for NEM - in January 2018 when all eyes were on the crypto market’s meteoric price spike, Japan-based crypto exchange Coincheck was hacked, and 523 million XEM coins were stolen, worth over $500 million at the time, and now worth a tenth of what it was at its peak. Before exploring whether this structure will make blockchain palatable for the general market, let’s research the market performance of XEM, NEM’s proprietary crypto coin, on the cryptocurrency market. XEM Crypto Market Performance The peak price so far of XEM was $1.92 on January 3, 2018. As mentioned above, XEM isn’t “mined” or “staked” like a traditional currency using PoW or PoS consensus algorithms. Instead XEM is “harvested” through PoI, which works more like a company pension plan than an interest-bearing savings account (which PoS cryptocurrencies like Tezos resemble). To begin vesting coins, you must place at least 10,000 XEM coins in an approved XEM wallet, which start out as unvested. As you hodl the required XEM balance over time, your coins begin to vest toward your importance and pay dividends. The longer you hodl more XEM, the higher your importance to the network, but you’re also rewarded for participating on the network by exchanging coins with other users. So instead of simply putting your money in the bank and gaining passive interest, you’re incentivized to support the network in more of a profit-share model. That’s how pension plans used to work, for everyone born in the cost-cutting era where they’re endangered in the wild. This hybrid model lets anyone participate as a node, regardless of hardware power, relieving one of the biggest pain points in blockchain. It also prevents anyone from buying control of the network, since time and participation are factors, much like Google search ranking algorithms. Processing nodes are verified using a custom Eigentrust++ reputation algorithm. As a node turns in positive information, its reputation increases among other nodes. Approximately $50,000,000 worth of XEM is traded on a daily basis. Exchanges that accept XEM include Binance, Upbit, Zaif, Poloniex, Kryptono, and Exrates. BTC is its most popular trading pair, although other XEM trading pairs include ETH, USDT, and even fiat currencies like USD. And don’t forget not to store your XEM in exchanges - instead, keep it in the official NEM Nano wallet for desktop and mobile OS. This is where they’ll start vesting. Building a Better Ethereum While NEM/XEM certainly doesn’t sound more user-friendly than Ethereum by virtue of its acronymic name, but that was certainly the goal when Bitcoin Talk forum user UtopianFuture proposed the initial framework. Instead of forking from NXT, a full blockchain was built from the ground-up. NEM was built to resemble the current internet, with namespace domains and subdomains assigned similar to ICANN’s internet domain name system. This alone makes it much more appealing to both developers and users. In addition, the multisignature functionality (shortened to multisig) to control what’s ultimately broadcast to the blockchain and written to the decentralized digital ledger. The blockchain community built NEM, so it is definitely a blockchain of the people and for the people. Of course, as with most community projects, marketing isn’t NEM’s strong suit. This solid technical foundation doesn’t have the massive enterprise support other blockchain projects do yet. But that doesn’t mean NEM is dead in the water. In fact, it does have a partnership with Tech Bureau that created Mijin, an institutional banking platform. It also built an ICO platform on the NEM network and several community-created projects jumpstarted development of the NEM ecosystem. There are over 20 projects in various stages of development on NEM so far, including a privacy coin called Eroiy, an Australian tourism project called TravelByBit, and even integration with Pundi X. NEM has strong support in Singapore and Australia, but China isn’t a fan. The NEM.io Foundation’

4 hours ago

Tezos Co-Founder Talks About How the Project is Moving Ahead in the Market

Arthur Breitman, the Tezos project co-founder, talked about the path that the Tezos platform took since they launched the project to the market. In general, Breitman has a very low… Continue reading "Tezos Co-Founder Talks About How the Project is Moving Ahead in the Market"

4 days ago

Kingsland Will Partner With Tezos Foundation to Accelerate Training and Education Program

During the Crypto Summit organized by NASDAQ in New York City, a leading blockchain educational platform Kingsland announced that it is partnering with Tezos. The partnership will bring the expertise and experience of Kingsland in blockchain curriculum development to Tezos to provide training and career placement solutions to solve the blockchain skills gap. A Significant Collaboration on Wall Street The NASDAQ hosted ‘Crypto Summit’ brought several visionaries from the blockchain and cryptocurrency sector to Wall Street, therefore, bringing traditional finance closer to the emerging world of DLT. The event marked a historical shift in the attitude of Wall Street towards the blockchain and crypto sector. The event was attended by Jason King, the co-founder of Kingsland School of Blockchain who noted that the industry is facing critical challenges regarding adoption, capacity, and regulation. He said: “The blockchain adoption rate at enterprise and government levels is growing extremely fast—expanding its footprint globally across multiple industries and economic sectors.” He noted that blockchain has the potential to reshape economies and transform how business is done around the world. Some initiatives are being launched to try to manage these pain points across the industry. Some are taking a regulatory approach while others work on skills development and capacity building. One of them is the Tezos Foundation, which recently announced a grants program that supports the training for 1,000 developers focused on Tezos ecosystem. The Kingsland and Tezos Partnership Kingsland will help Tezos in meeting its training goals using its unique curriculums and industry expertise. Founder and CEO of Kingsland, John Souza said: “The Kingsland-Tezos partnership highlights the importance of industry-aligned training curricula and addresses the critical shortage of developers in the space. Working together we will ensure a future for blockchain and create thousands of career opportunities for developers around the world.” Kingsland will now collaborate with developers who have worked on the Tezos mainnet and create a blockchain developer curriculum for the Foundation. The program will also be integrated with the existing blockchain engineering programs at Kingsland. Additionally, a series of global events like project incubation and hackathons will be organized around the world in 2019. Kingsland will also provide placement support to the students. Kingsland Will Partner With Tezos Foundation to Accelerate Training and Education Program was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

4 days ago

Blockchain Educator Kingsland Partners with Tezos Foundation for Blockchain Developer Curriculum

Kingsland, which is behind an accredited blockchain training program, has teamed up with the Tezos Foundation. Kingsland runs the Blockchain University, and as a result of the new partnership, they will work with developers from the Tezos mainnet to incorporate a “Tezos-focused blockchain developer curriculum,” according to the press release. Tezos Foundation President Ryan Jesperson stated: “We believe that the new wave of 1,000 developers that are being trained in 2019 will help Tezos' robust ecosystem continue to grow and gain adoption.” The partnership was announced at the Crypto Summit, which was held in New York and hosted by Nasdaq. (GT)

4 days ago

Tezos collaborating with Kingsland for blockchain developer training curriculum

CryptoNinjas The Tezos Foundation, overseers of the Tezos liquid proof-of-stake blockchain protocol, recently announced a grants program to support the training of 1,000 Tezos-focused developers and this week it was announced that Kingsland University School of Blockchain... Tezos collaborating with Kingsland for blockchain developer training curriculum

4 days ago

A comparison of Ethereum and Tezos debuts

When Ethereum went live with the experimental “Frontier” release on July 30, 2015, it was met with fanfare touting the many advancements this second-generation blockchain would have over Bitcoin. If you stroll back just over three years ago, the blockchain universe was much smaller, and fewer users appreciated smart contracts, let alone recognized the potential of running code on a decentralized blockchain. In fact, on the day Ethereum launched, the price of Bitcoin closed at $287, a far cry from the $6,500 level we’re accustomed to today. Tezos was originally scheduled to launch by December of 2017, which would have pegged it right at the height of the last cryptocurrency bull run. This could have been good or bad, depending on how you look at it since it may have caused an immediate price spike, though the value would be short-lived, and might have left Tezos as one of many heavy bags being held by cryptocurrency newcomers at that time looking to cash in. As it stands, Tezos was delayed until a beta period launch, akin to the Ethereum Frontier launch, in late June of 2018. The “beta” label was lifted in September and the network proved successful enough to have the beta disclaimer removed and take a seat at the table of production-ready Ethereum competitors. ICO Stats: Ethereum vs. Tezos During a presale which took place during July and August of 2014, Ethereum raised around $15 million in funding with 48 million Ether sold during the open period. At the time, to be raising money into the millions was breaking new ground for cryptocurrency and piqued the interest of investors and tech enthusiasts from outside the space. When Tezos held a fundraiser in July of 2017, the environment for cryptocurrency ICOs was reaching a fever pitch. By the end of the period, which lasted just over two weeks, Tezos managed to raise $232 million in Bitcoin, Ethereum, and fiat contributions. By the time the crypto bull run of 2017 hit in October, the pot ballooned to $1 billion at one point as crypto values skyrocketed. The sale generated 31,000 individual contributions totaling over 600 million Tezos coins sold. dApp Potential When Arthur Breitman set out to create Tezos, he took cues from some areas where Ethereum was lacking. For example, a selling point of Tezos is that it can support formal verification, which is a method for mathematically validating the correctness of algorithms to guarantee they will perform as expected. In this case, the goal is to formally verify the code which governs a smart contract to the point that it can be trusted with millions, or perhaps billions of dollars. Ethereum has suffered several vulnerabilities with smart contracts being hacked, and millions of dollars worth of Ether being lost. Fixing these costly vulnerabilities has proven cumbersome, with the most famous case being the DAO attack which split the Ethereum community over whether or not stolen or lost funds should be somehow restored. No More Forks? Tezos aims to avoid this kind of situation in two ways. The first way being a code base written in OCaml, an industrial strength programming language, built with safety and security as a primary goal, which will help facilitate formal verification. The second major difference between Ethereum and Tezos, when it comes to the question of hard forks, is that Tezos includes the revolutionary idea of on-chain governance and voting. Unlike first and second generation chains, Tezos can be updated, expanded, or patched, and those changes can automatically propagate to nodes. The tagline used by Tezos is the “self-amending cryptographic ledger” which not only reaches consensus on transactions but also reaches consensus on protocol upgrades and changes. As Breitman has described, the goal of on chain governance is to avoid the need for hard forks, but, he concedes, “there will almost certainly be hard-forks in the life of Tezos.” “The Tezos code base strives to root as many bugs as possible,” according to Breitman. Still, he admits, bugs and hard forks cannot be eliminated 100% of the time, but the risks can be mitigated by taking prophylactic steps. Baking vs. Mining Mining Ethereum is similar to mining Bitcoin in that nodes on the network compete against one another to complete a mathematical equation to validate transactions on the chain. Rewards are then handed out to the node which writes the next block, and so on. As with Bitcoin, this process in Ethereum requires powerful computing hardware dedicated to the practice of mining. The up-front investment can be steep, and considerations such as the cost of electricity can ultimately determine how profitable Ethereum mining can be in any given part of the world. Tezos, which produces a new block on the chain every 60 seconds, uses the process of baking to validate transactions and produce blocks. Unlike mining, which is based on a Proof of Work algorithm Tezos is a Proof of Stake network. The major difference is that Tezos does no

5 days ago

Daily Crypto Roundup 11/6/2018

Today in the crypto space - Tezos baking could spark new opportunities in the space, Augur is hit hard by U.S. elections, PwC looks to bring clarity to stablecoins, possible Apple podcast censorship, and another Novogratz prediction. Take a further look at today’s action! On Tezos Baking And Why Crypto Staking Will Become Big Business In 2019 Notable project Tezos has seen its fair share of hype, as well as difficulties since their ICO last year. Tezos utilizes a Proof-of-Stake (PoS) consensus mechanism. This is different than the Proof-of-Work tech. (PoW) seen in Bitcoin and others. PoS allows coin holders to contribute to the network by holding said coins in a specified wallet, and “staking”. “Tezos is a project which originated in France, a country famous for its baked goods. Consequently, the Tezos coins are grouped into ‘rolls’ for the staking rights selection process, and that’s why the term ‘baking’ became a natural fit”, explains Crypto Insider. Baking could also prove to be even more eco-friendly. Crypto Insider describes that baking could be of significant interest for the coming 2019. Read on Crypto Insider U.S. Elections Push Augur’s Total Ether Bets Over $2 Million The U.S. is buzzing today with voters flocking to the polls to get their votes in. This has lead to a surge in action in the crypto world, via Augur. Augur is a platform for people to make predictions. “Augur is a decentralized oracle and peer to peer protocol for prediction markets.”, according to Augur’s website. Significant money has been staked as the public votes today for the U.S. Midterm elections. CoinDesk reports that “[t]he market for ‘Which party will control the House after 2018 U.S. Midterm Election?’ has 3,517 ether or nearly $727,000 staked on it at the time of writing, according to Predictions”. Read on CoinDesk PwC Is Advising (Not Auditing) Another Stablecoin Project Stablecoins continue to make headlines as they fight for market dominance. One main fear until this point has been Tether (USDT) solvency. Today sees PwC (Hong Kong branch for accounting and consulting), along with Loopring, diving into applicable guidelines for stablecoins. PwC’s William Gee describes the importance of added trust, and explains - “[s]0 we are asking how things would look inside a regulated context; what are the standards, protocols, best practices and how would they fit?”, reported CoinDesk. CoinDesk also reports of PwC advising crypto project Cred, which looks to develop its own “U.S. dollar-tied coin”. Read on CoinDesk Apple Removes Crypto Podcast Reportedly Ranked #4 in ‘Investing’ From U.S. iTunes Store Notable crypto figure Anthony Pompliano of Morgan Creek Digital apparently saw his popular podcast (Off the Chain) taken down from U.S. iTunes markets yesterday. Off the Chain is a fan favorite among investing related podcasts, ranking among the top 5. “Last week we released a podcast discussing the ultimate argument for Bitcoin. It exploded & ranked #4 in US investing category before mysteriously being taken down by @Apple. We had no warning. We don’t know why. They took down our podcast, but they can’t take down Bitcoin!”, Pompliano tweeted yesterday. CoinTelegraph reports that Pompliano has tried emailing Apple several times, seeing no response. Read on CoinTelegraph After ‘Taking Out’ $6,800, Bitcoin Will Hit ‘New Highs’ In 2019, Says Galaxy Digital’s Novogratz Mike Novogratz is a popular figure in the crypto space as CEO of Galaxy Digital. Novogratz stated a few bold comments yesterday, expecting Bitcoin to see or even surpass former $20k highs next year. Novogratz mentions that the barrier of $6,800 must break, which could then lead to a year’s end price of around $8.8k-$9k. He then goes on to mention 2019, saying - “By the end of the first quarter we will take out $10,000 and after that we will go back to new highs — to $20,000 or more”, as reported by Financial News (FNLondon). CoinTelegraph mentions previous speculations from Novogratz, when last month he estimated that Bitcoin wouldn’t surpass $9k this coming December. Read on CoinTelegraph The post Daily Crypto Roundup 11/6/2018 appeared first on Crypto Insider.

5 days ago

Jameson Lopp on Ethereum, Ethereum Killers, and ETC (Crypto Insider Interview with Vlad Costea)

On October 16th 2018, Jameson Lopp has agreed to do an exclusive interview with Crypto Insider’s Vlad Costea. The hour-long discussion, which has been published and transcribed in its entirety, contains plenty of brilliant moments where the cypherpunk approaches intricate topics and provides his knowledgeable expertise. Given the value of these explanations, we have decided to offer you small bits that are easier to consume and digest. The first piece that we’ve chosen is a nearly seven-minute introspection on the state of Ethereum. At first, Mr. Lopp expresses his thoughts on the Casper Proof of Stake implementation by referring to a recent testnet consensus failure. He then becomes slightly more optimistic in regards to the ways in which the sharding system can bring a greater and more impressive throughput. Finally, the Casa HODL engineer implies that he agrees with the Ethereum Classic version on a philosophical level, but expresses his concerns regarding the reduced financial capital and manpower the original Ethereum blockchain benefits from. Below you will find a full transcript of Jameson Lopp’s comments: Vlad: Do you think that the Ethereum people will do a good job with their Casper implementation? Because there seem to be a lot of rumors and a lot of talks about Vitalik’s version or Vlad Zamfir’s version. They seem to have different philosophies, they might have reached at this point, when they saw all these Ethereum killers just take away some of their market share... they might have reached some sort of consensus and maybe they want to speed up the implementation because it has been almost 2 years or even more... Jameson Lopp: I mean yeah, they’re on the bleeding edge of creating these new consensus protocols, and it looks like they’re constantly rethinking the work that they’ve done. And it’s hard to believe that they have stumbled upon the optimal version of whatever this protocol should be because it’s still changing. I think just a few days ago they had a consensus failure of their testnet, and that in itself doesn’t mean that the whole thing is flawed, but at the very least they have some bugs that need to be worked out. When it comes to building these type of networks, you can never be 100% sure that it’s bug-free. It more comes down to “Well, the system has been running for this long and it’s securing this many millions or billion dollars in assets, and it has not been successfully attacked.” So we have to wait and see this type of deals before we evaluate it better. Vlad: So do you think that Ethereum will ultimately be its own killer, in the sense that you have EOS, Tezos, NEO and plenty of other projects. But do you think that Ethereum will overcome its issues and just get back its community and its part of the market? Jameson Lopp: I think that if and when they do deploy their Proof of Stake system, there are a lot of people holding onto their Ether because they want to stake it and they want to basically earn interest on those tokens that they have been holding onto. So that would create like a new sense of enthusiasm and whatnot. I think the big question for me is actually the scalability of their sharding implementation and how that changes the security model, because from what I’ve read about it very drastically changes the security model from a fully-validating node on the network today (which I would argue that there aren’t that many of Ethereum) to eventually become this sharded node of which we only see a tiny aspect. It’s about observing how it ends up playing off of other shards or whether or not there are consensus failures between the shards and how that’s all handled. It’s a big question mark and it’s going to be very interesting to see how it plays out. But I think if they do succeed in the sharding plan, the last I saw is that they were estimating 200x throughput. Which is pretty significant, but you still come across this fundamental issue of doing all of these computations on the blockchain. Even if it’s a sharded blockchain, it’s very difficult to foresee how you end up having this world computer that is actually used in a mainstream level. Personally, I believe that Ethereum will become adopted more as a protocol and as a virtual machine than the main Ethereum network. And we’ve actually seen this happen, as there’s a number of different private and permissioned networks out there that are based on the Ethereum Virtual Machine. Even RSK, which is the Bitcoin sidechain, supports the Ethereum Virtual Machine. So I think that Ethereum has showed us a very clear use case of having this more generic developer-friendly smart contract language. It’s a bigger question to my mind how the final form of that is being adopted and implemented is. And it may not be on the main Ethereum network. Vlad: Do you think that ETC has it right in their approach in that they support immutability they want to be what the original project wanted to be about at the same time they don’t

5 days ago

Figureheads Or Figments: Decentralizing Blockchain Leadership

At press time, over 930 cryptocurrency projects have been pronounced deceased, riddled with malware or hacks; parodies; or just outright scams. What was the failure point of these projects that are no longer with us? Was it a lack of leadership? Too much control? Poor governance? Speed of implementation? For that matter, what has made Bitcoin successful for the past 10 years, where other projects have failed? According to crypto analyst Murad Mahmudov, the long and patient approach has been beneficial for Bitcoin’s resilience. “Governance of Bitcoin is not formally defined,” Murad Mahmudov said on Anthony Pompliano’s podcast Off the Chain. Mahmudov went on to say Bitcoin’s governance has a lot to do with its improvement process, which is a “very conservative, extremely meticulous process.” Something he considers to be a strength of Bitcoin, as altcoins are “much more centralized in relative terms,” and easier to change. An example of patience and pace demonstrated by Bitcoin’s meticulous processes includes the segregated witness (or SegWit) debates, which wouldn’t be implemented until 95% of Bitcoin miners signaled support. The upgrade implementation was introduced to the network in October of 2016 (6 months behind schedule), and took effect in August of 2017. Since Satoshi’s departure from the project, Bitcoin’s decentralized governance and improvement processes have not only allowed the cryptocurrency to survive, but have continued to strengthen the cryptocurrency. Even after many potentially project-ending events such as the Mt. Gox hack, the closing of the Silk Road, or a massive “civil war.” Centralized leadership: the good, the bad, the ugly. With regards to governance and leadership, the author examined Tezos, Cardano, and Tron, to examine how scandals and potentially project-ending events have been handled. Tezos, the world’s first self-amending platform, “aims at avoiding hard-forks by allowing the network to upgrade itself.” The blockchain platform raised $232 million in its initial coin offering (ICO), the second highest ICO raised in 2017. Following its ICO, founders Kathleen and Arthur Breitman, became embroiled in a legal battle with the Tezos Foundation president, Johann Gevers. Whereas the Bretimans owned the intellectual property through a Delaware corporate entity, Gevers held control of the funds raised until he stepped down from his role with the Tezos Foundation. Despite the lawsuits from the SEC and community dissatisfaction with the collection of KYC/AML information in June of 2018, Tezos launched its MainNet in September of 2018 and is now a community run blockchain. Then there’s Cardano, a project with a $2 billion marketcap and no clear product. Its leader, Charles Hoskinson, an intelligent individual qualified to steer the Cardano ship, has also faced issues with Cardano leadership. Cardano’s governance model distributes oversight among three entities - IOHK, Emurgo, and Cardano Foundation - established to provide a check-and-balance structure to ensure one entity’s failure won’t cause the entire project to implode. In an open letter to the Cardano community this past October, Charles and Ken Kodama (CEO of Emurgo), asked the Cardano Foundation’s chairman, Michael Parsons, to step down. In effect, Parsons had “been acting as the Foundation’s de facto sole decision-maker in respect of the day-to-day business of the Foundation and ruling its staff like a monarch.” The project has yet to launch a platform, but continues to release research papers. Tron’s ICO took place in September of 2017, and within four months was hit with a scandal that its whitepaper had been plagiarized. CEO and founder, Justin Sun, blamed translators for the blatant copy-paste job. Shortly after, a report released by TrustNodes in January of 2018 called Tron founder and CEO, Justin Sun, a “marketing wiz” and stated “little lives on promises alone.” Since then, the Tron project has grown to over 200,000 active accounts and those users have elected Sun as one of 27 super representatives who act as consensus nodes and validate blocks. Strong leadership can help or hinder. Justin Sun’s star power has helped Tron to successfully overcome significant hurdles in the quest for adoption; Charle Hoskinson’s intellectual prowess may have solved one of blockchain’s biggest problems, but Cardano’s infighting will not help the project. And Tezos, perhaps the most unlikely candidate for a positive and successful mainnet launch, is enjoying a smooth ride for once, despite bitter and acrimonious leadership issues. Vitalik Buterin vacillates regularly between having more input to the Ethereum project, and walking away. Satoshi Nakamoto pulled the ultimate anti-leadership stunt, and Bitcoin hasn’t suffered much. It seems that the blockchain space is divided between the unifying power of a clear leader, and the decentralized ideals for which cryptocurrency is famous. Neither model is obviously stronger than the other, at this

6 days ago

Crypto Hardware Wallet Trezor Unveils Firmware Updates that Support a Whole Slew of Coins

Crypto hardware wallet Trezor has released firmware update 2.0.9 for the Trezor Model T. As a result, the wallet now supports additional altcoins across "Monero, Cardano, Stellar, Ripple, Tezos, Decred, Groestlcoin, Lisk, Zencash, and the Zcash Sapling hard fork." Trezor also released an update for its Trezor One wallet. Firmware version 1.7.1 includes support for Lisk and Stellar as well as the WebUSB communication protocol, which lets Google Chrome users bypass the Trezor Bridge to access the wallet and password manager. (GT)

6 days ago

On Tezos baking and why crypto staking will become big business in 2019

Tezos is a Proof of Stake (PoS) blockchain where, unlike the case of Proof of Work-reliant Bitcoin, transactions are validated on the network by a process humorously known as “baking.” Typically, for a blockchain which relies on a PoS algorithm, the process of block validation is called “staking”. However, Tezos is a project which originated in France, a country famous for its baked goods. Consequently, the Tezos coins are grouped into “rolls” for the staking rights selection process, and that’s why the term “baking” became a natural fit. Is Baking the New Mining? In the early years of Bitcoin, it was possible to configure software on a reasonably-powered desktop computer to participate in mining on the network. It was a way to actually earn new bitcoins without any serious investment in computer hardware. The year of 2014 was fairly pivotal for Bitcoin mining as the difficulty of math calculations to validate new blocks began to significantly increase, meaning that smaller mining operations would have to begin investing in equipment. Those that did not keep up ended up falling by the wayside, as larger and more sophisticated mining operations captured the market. If the goal of cryptocurrency is to be a decentralized ledger, owned by no single individual or group of individuals, then the ability for more and more unique participants to help secure and enable the network is essential in order to retain objectivity. The result of increased Bitcoin mining difficulty and mining consolidation has produced, in some instances, lopsided control of the Bitcoin network. It also shut out individuals and hobbyists along the way. According to Jonas Lamis, Founder of Tezos Community, the largest public Tezos delegation service, the “rewards generated from baking are the first ‘killer app’ for Tezos,” and nearly 80% of “all the activated Tezos [coins] are currently generating rewards through baking and delegation.” Baking is like mining without killing the planet. The result, Lamis says, is that most coin holders prefer to hold and bake for the long-term rather than trade, which may be a causative factor in driving down Tezos crypto exchange volume. With Tezos and a handful of other third-generation cryptocurrencies based on various Proof of Stake consensus algorithms, the ability for small groups and individuals to once again secure the network and earn income passively in the process may ignite the next wide-scale boom in crypto as a high yield investment. How Much Can I Really Earn? So far, with a successful beta period launched on June 30, and a subsequent production launch on September 17, Tezos has been producing real, spendable baking rewards for months now. Several factors go into the actual return from an investment in Tezos and baking your coins, but there are calculators and simple equations that will give you fairly accurate figures. The broadest way to quantify baking rewards can be defined as your number of coins being baked multiplied by the number of bakes per cycle which equals the number of coins you’ll earn as a reward. Each “bake” per cycle consists of validating a single block which, under the current protocol, happens once every 60 seconds in the Tezos algorithm. The reward amount is fixed, but the variable is the number of blocks you’ll be assigned baking rights for in a given cycle. Furthermore, rewards are also earned based on the volume of transactions since Tezos has “gas” to help prioritize transactions and compensate bakers beyond the baseline of rewards for producing a block. The minimum annual return on baking rewards can never drop below approximately 5.5% which is the number that assumes there is 100% network participation in baking. Since the number of coins participating in baking can vary greatly, and the number currently stands at around 80% baking participation, the actual rate right now is a little higher, somewhere closer to 9.5% annual return. Baking is an optional part of Tezos, and coin holders do not have to bake their coins. However, opting not to do so means that the inflation rate of the network eventually makes your coins less valuable. Baking Option #1: Baking Your Own Roll(s) If you have at least 10,000 Tezos coins, the amount needed to constitute a roll, you have the ability to solo bake and keep 100% of the baking rewards for yourself. The average Tezos ICO contribution resulted in 2,300 coins, so for most Tezos holders, this option is not viable. The minimum threshold will probably be reduced in the future once time and effort can be put into optimizing the software to allow for smaller roll sizes and more bakers. “I would definitely recommend solo baking over delegation,” says Shazaf Burki, Founder and CEO of MyTezosBaker.com, a delegation service rating and information website. “Solo Baking is good for the Tezos protocol as it increases the overall decentralization of the system,” he added. The downfall, as it stands right now, is that solo bakers must

7 days ago

EOS Opens A Bancor Bridge To Ethereum

Insularity is the biggest barrier to crypto adoption. For newer blockchain projects, those faster and cheaper transactions tend to be outweighed by the network costs; it’s impossible to jump-start an ecosystem without users. Projects like EOS, Tron, and Tezos have huge moats which prevent most users from trying, much less using, their new dApps. That might be changing for EOS, after the launch of a new decentralized exchange to bridge the moat to the Ethereum ecosystem. The Bancor Network, an Ethereum-based protocol for decentralized exchanges, has teamed up with an EOS block producer to create a new DEX, allowing seamless trades between the two multi-billion-dollar dApp platforms. In an announcement posted to Medium, LiquidEOS wrote: Bancor’s unique liquidity network allows users to convert tokens frictionlessly without the need to find a counterparty for trade. Unlike traditional exchanges, which rely on order books to match buyers and sellers, Bancor uses transparent algorithms and automated deposits to manage liquidity and enable continuous conversion of one asset into another. Since its historic $153 million token sale in 2017, Bancor has processed over $1.5 billion in token conversions on Ethereum and regularly ranks among the largest volume dapps on the Ethereum blockchain. The partnership is the latest effort to cross the moats separating the fifth-largest blockchain from the rest of the crypto economy. In addition to the usual advantages of smart contract-based exchanges, BancorX will also leverage the advantages of the EOS network, such as one-second transactions and zero fees. LiquidEOS isn’t the only leading figure in favor of the new exchange. “We see the Bancor Protocol as an elegant solution for liquidity that benefits all token holders by offering a completely new paradigm for value exchange,” said Block.One CTO Dan Larimer, in a statement published when BancorX was first announced. At present, 110 Ethereum and EOS-based tokens will be available to trade through the cross-chain protocol, including popular EOS tokens like Everipedia (IQ) and Meet.One (MEET), and the smart contract can easily be expanded to other tokens. Per the announcement: “Anyone can integrate their token with Bancor’s liquidity network by staking an amount of those tokens in a smart contract which they own and manage.” BancorX joins a growing number of rope bridges between the two leading smart contract platforms, many still under construction. Crypto Briefing has already reported on EOSFinex, a proposed decentralized exchange to allow trustless trades in much the same manner as BancorX. The Author is invested in Ethereum, which is mentioned in this article. The post EOS Opens A Bancor Bridge To Ethereum appeared first on Crypto Briefing.

7 days ago

Tezos’s timid trailblazer

Tezos has gone from the brink of disaster to downplaying its success. Co-founder Arthur Breitman tells us how, why and what’s next on his wish list.

13 days ago

Crypto Wallet Producer Ledger to Support More Stablecoins , Expands Tether Usability

CoinSpeaker Crypto Wallet Producer Ledger to Support More Stablecoins , Expands Tether Usability Stablecoins, or in other words digital assets designed to minimize the price volatility being pegged to some stable assets including fiat currencies or exchange traded commodities, have been gaining popularity over the last years. Having realized this constantly growing demand for crypto assets with stable values, Ledger, the hardware cryptocurrency wallet maker, has taken a decision to add support for more stablecoins and to expand application of Tether (USDT) across all its products and services. Moreover, the company has announced expanding its presence to the Asia Pacific region, opening its office in Hong Kong. Ledger’s Support for Stablecoins At the current moment, Ledger has added support for Tether to its two handheld storage products: the Ledger Nano and Ledger Blue. However, they it has plans to increase the usability of this U.S. dollar-linked cryptocurrency across all their products and services. As it has been revealed, Ledger is going to add support for stablecoins to its Ledger Vault service, a multi-authorization cryptocurrency self-custody management solution which provides companies with IT infrastructure to manage their cryptos. As a result, custodians, asset managers and traditional financial services firmswill have a possibility to store and trade their digital assets. Some upgrades may be also introduced for the company’s Ledger Nano S, the most popular crypto hardware wallet in the world. The wallet is built off the same infrastructure as the Ledger Vault, supports more than 40 cryptocurrencies and allows users to check their accounts, send and receive cryptocurrency payments with minimized risks. Activity in the Asia Pacific Region As we have already mentioned now the company has its presence in Hong Kong. Benjamin Soong has been named as Head of Asia Pacific (APAC). The region has its specificity. Moreover, the increased company’s interest to stablecoins is partially related to a very positive attitude towards this kind of assets from the side of investors and traders namely in this region. While due to USDT’s recent loss of parity with the dollar a lot of concerns about the stablecoins reserves have been voiced, its supporters in the Asia Pacific region haven’t lost trust in it. Their demand for it is still very high. Speaking about the popularity of stablecoins in this region, Soong said: “One thing that is slightly unique in China and South Korea is the demand for USDT since both of those countries have capital controls, in terms of your ability to move currency out of the country.” Moreover, Soong also spoke about the company’s further plansfor growth and development: “We expect to grow quickly, and have already targeted future office expansion, including Tokyo, Seoul and Singapore. I look forward to building a world-class team that will help us accelerate our growth across Asia Pacific.” Other Projects and Innovations Ledger is one of the companies that are actively developing in the moment. Let us remind that just recently the firm has entered in a new partnership in the framework of which it will help Blockchain.com to release its first hardware product. Moreover, it is said that Ledger is actively adding support for the most popular crypto assets. It is expected that such assets as Cardano (ADA), Decred (DCR), IOTA, Lisk (LSK), RavenCoin (RVN), and Tezos (XTZ) will become available quite soon. Crypto Wallet Producer Ledger to Support More Stablecoins , Expands Tether Usability

14 days ago

Cardano [ADA]’s Charles Hoskinson says, comparing Tezos’ and Cardano’s situation is “apples to oranges”

Charles Hoskinson, the CEO of IOHK, said that there was nothing similar between Tezos’ and Cardano’s situation and that comparing them would be “apples to oranges”. He also further disccussed the Tezos project in the recent interview with Crypto Insider. Hoskinson said that the Tezos situation was grim as the founders who want to control the intent of the project set up shop in Switzerland, hoping to elude the regulations of US regulators. The plan backfired as the former foundation head Johan Gevers had a spat over governance with Breitman, which caused a launch delay, he said. He went on to explain that this was nothing similar to the issue with Cardano and that their foundation added value to the ecosystem. He said: “where it has a collection of duties and responsibilities that are for the community but whether it does these things or not doesn’t stop development does these things or not doesn’t start partnership in business development and because of the triumph or its structure we had resiliency. So if it fails to other entities can step in and fill in for it and continue moving the project along” The CEO then said that he had to travel to 27 countries just to “facilitate the community management and evangelism role” that the foundation was responsible for, and that it did not stop the project from development. Giving foundations the authority over “software developments” and “scientific research” would not be a good idea as they aren’t very nimble or agile in decision making, added Hoskinson. He said that all cryptocurrencies must face the crisis of governance for them to get to the next level, just like how Bitcoin had Bitcoin Cash, Ethereum had Ethereum Classic, and Ripple had issues with Jed McCaleb. He said: “The ability to overcome that event is what tells you that cryptocurrency is going to be around for a long time. Bitcoin survived the loss of Satoshi and it is still going strong, so similarly we are no different and Cardano has to overcome this little blip.” At one point, Charles Hoskinson even compared Cardano to Tezos, saying they are similar to each other and that both have “blockchain governance in mind”, but radically different “philosophies about proof of stake,” concluding by saying that he has respect for the work they have done so far. The post Cardano [ADA]’s Charles Hoskinson says, comparing Tezos’ and Cardano’s situation is “apples to oranges” appeared first on AMBCrypto.

14 days ago

Analyzing token sale data for smart contract protocols

Every week the Mosaic research team will delve into important topics within the cryptoasset space.Lanre Ige from Mosaic Smart contract platforms often use token sales to bootstrap their software development and early communities, as was the case with Ethereum (raising ≈ $18.4 million), Tezos (raising ≈ $232 million), & EOS (raising ≈ $4.2 billion). The mechanisms of a given token sale...

15 days ago

Charles Hoskinson on Tezos, Bitcoin sidechains, and smart contract platforms

Last week, we published the first part of our extensive interview with Charles Hoskinson, a co-Founder of Ethereum and Founder of the Cardano (ADA) project. The first two parts of our chat dealt with issues at the Cardano Foundation, a Swiss entity created to help steward Cardano’s development along with IOHK and Emurgo. During the remainder of our time, I asked Charles about other topics in the cryptocurrency space, including about his recent dust-up with the Tezos founders, bitcoin sidechains, and his thoughts on which smart contract platforms, besides Cardano, he finds interesting. Part 3: Is the Cardano Foundation problem similar to the Tezos Foundation problem? In Part 3 of our interview, I asked Charles whether the problems at the Cardano Foundation are different from those encountered at the Tezos Foundation in 2017. In Charles’ opinion, the problems are comparing “apples to oranges” as he explained that Cardano did not rely solely on the foundation the way the Tezos project was organized. Charles also accused Tezos founders Arthur and Kathleen Breitman of attempting to use the Tezos Foundation as a means to escape U.S. regulations though he also relayed that he thinks the Tezos project is fascinating and that he enjoys a competitive relationship with the Breitmans. As Crypto Insider reported previously, Hoskinson and the Breitmans fell into a Twitter spat when the Cardano Foundation news broke earlier this month. Part 4: What are your thoughts on Bitcoin sidechains (like Liquid from Blockstream) and what other smart contract platforms do you like? In the 4th part of our interview, I took the opportunity to ask Charles his thoughts on new Bitcoin technologies such as Blockstream’s Liquid sidechain project. When asked which smart contract platform he likes besides Cardano, Charles believes that Ethereum is still doing many innovative things, and praised Vitalik Buterin’s work to keep the chain evolving and relevant amid stiff competition. Charles feels that any project which is responsive to its community, and relies on solid development practices while upholding high integrity, can ultimately create added benefit for the cryptocurrency space in general. Part 5: Closing thoughts to the Cardano community In closing, I asked Charles if he had any thought’s he’d like to add or points we didn’t cover that he would like to address. The bottom line message from Charles Hoskinson to the Cardano community is one of resolve and determination to work through the Cardano Foundation problems and proceed with development as usual. The way the project is set up, according to Charles, a single speed bump cannot detail years of hard work and the hundreds of dedicated people working night and day to build Cardano into a highly-competitive product. If you missed the first part of the interview, catch up here. The post Charles Hoskinson on Tezos, Bitcoin sidechains, and smart contract platforms appeared first on Crypto Insider.

15 days ago

Blockchain cofounder Kathleen Breitman says she is ‘cool as a f—ing cucumber’; launches Twitter tirade when challenged | Modern Consensus

Blockchain cofounder Kathleen Breitman says she is ‘cool as a f—ing cucumber’; launches Twitter tirade when challenged | Modern Consensus Tezos’ cofounder just delivered a strange, profanity-laced interview and then flipped out on Twitter when criticized about it By Tyler Woods, October 26, 2018 Kathleen Breitman, cofounder of Tezos and possible stand-in for a cucumber

18 days ago

Reuters Wanted to Kill Our ICO: Tezos’s Kathleen Breitman Shares Her Take on Major Controversy

No, Kathleen Breitman didn’t bury the hatchet with the media, but Tezos is doing just fine

19 days ago

Huobi Weekly Big Data Insights Report: Bitcoin Records the Highest Weekly Increase in Transactions in 6 Months

Huobi cryptocurrency exchange research team released a report titled “Huobi Blockchain Big Data” which shows the activity of the cryptocurrency sector in the past week. Overall, the total Bitcoin transaction volume was up by 31.8 percent from the previous week, and the number of overall transactions (1.67 million) increased by 1.4 percent, marking the largest single-week increase in six months. The 24-page report also highlights the best performing cryptocurrencies on social media and GitHub, giving an overview of user and developer engagement. Bitcoin and Altcoins in the Markets Statistically, Bitcoin had a good week. The number of active Bitcoin addresses reached a 2-month high of 3.57 million, indicating a 0.2 percent uptick from the previous week. There were 1.32 million new Bitcoin addresses created this week, 2.5 percent higher than last week. In the same period, the number of active Ethereum addresses is down by 5.7 percent from 1.18 to 1.12 million. The number of Bitcoin transactions per second (TPS) slightly increased when compared to last week, but most importantly, the average transaction fee decreased by 5.2 percent to 0.00007 BTC. The average transaction fee on the Ethereum network reached 0.0027 ETH, marking a significant 21.8 percent increase in the week. The Bitcoin network witnessed 4 extra large transactions (worth over 10,000 BTC), and the number of large transactions (worth between 1,000 - 10,000 BTC) almost doubled from 284 to 543. Six of the top 30 Bitcoin walled addresses experienced major balance changes. Bitfinex’s cold wallet had a net outflow of 25,993 BTC. Transactions on the EOS network increased by 66.3 percent and reached 14.93 million. The number of wallet addresses voting for block producers decreased by 0.56 percent. Gambling Dapps were popular in the last week as they accounted for 87.7 percent of total transaction volume on the EOS network. The most popular EOS Dapps of the week were BetDice, EOSBet, Newdex, FarmEOS, and EOS Play Lottery. In the markets, the price of cryptocurrencies did not fluctuate greatly. Tezos was the biggest gainer as it recorded a 2.8-percent price increase and IOTA was the biggest loser with a 12.27-percent price decrease. Social Media and GitHub In the past week, Bitcoin, USDT, and Ethereum received the most attention. Bitcoin and Ethereum’s attention focused on price and trading strategies. USDT, a controversial stablecoin that is purported to be pegged to the USD on a 1:1 ratio received widespread attention because of questions about its transparency and drop in price. On the GitHub code repository; BTC, ETH, and EOS received the most forks and the most stars as well. ETH, ADA, and IOTA received the most code submissions while XMR, BTC, and IOTA had the most issues. Social media, particularly Telegram channels are a good measure of the commitment of blockchain projects. Tron English, EOS China, and VeChain English Group were the most active cryptocurrency Telegram groups. Huobi, Binance, ZB, Coinbase, and Bitifinex were the most talked about cryptocurrency exchanges. Huobi Weekly Big Data Insights Report: Bitcoin Records the Highest Weekly Increase in Transactions in 6 Months was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

20 days ago

Interview: Charles Hoskinson discusses Cardano Foundation issues

Earlier this month, Crypto Insider reported on the split between IOHK and Emurgo from the Cardano Foundation. The three entities, up to this point, made up the triumvirate group which oversaw development of the Cardano blockchain project. Cardano creator, Charles Hoskinson, spoke with Crypto Insider by video and addressed his specific concerns with the Cardano Foundation and detailed his complaints which he outlined in a public letter on Oct. 13. Part 1: What happened at the Cardano Foundation and why did you send the open letter? In Part 1 of our interview with Hoskinson, we discussed the Cardano Foundation, where it was failing, and how he intended to bring the failing organization back into the fold. Since the time we spoke, Hoskinson updated the Cardano community on plans to create a brand new set of community-run organizations which would step in and supersede the Cardano Foundation, for at least the time being. The plan would include IOHK and Emurgo, which operate as separate entities with different objectives to advance the Cardano ecosystem, each creating a community management arm, according to Hoskinson. Part 2: Has the Foundation changed in the past 12 months or has the regulatory environment changed? In the second part of our interview, I asked Hoskinson how he would respond to the Foundation assuming they would claim they have been acting appropriately, and whether he believes that increased scrutiny around cryptocurrency projects could explain some of the Foundation’s inaction. As of press time, the Cardano Foundation still has released no public response to Hoskinson’s public letter nor addressed any of his criticisms. It’s also noteworthy that the foundation hasn’t tweeted since the day before Hoskinson’s letter was published. Hoskinson’s bottom line for the Cardano community is that the Cardano Foundation is a nice thing to have, but it’s not necessary for the ultimate success of the project. Due to the way the project is structured, IOHK, a company founded by Hoskinson, and Emergo can continue developing and building out Cardano on their own. His point about accepting the risk involved with operating in the current gray areas of regulatory uncertainty is well-taken across the entirety of the cryptocurrency space. To push forward with this new technology will involve some risks which must be undertaken to assume a leadership role. This story is the first in a series of articles featuring our interview with Charles Hoskinson. Look for parts 3 and 4 next week covering Hoskinson’s thoughts on similarities with the Tezos Foundation troubles in 2017, and his thoughts on Blockstream’s Liquid sidechain as well as the future of smart contract platforms. The post Interview: Charles Hoskinson discusses Cardano Foundation issues appeared first on Crypto Insider.

20 days ago

These 5 millionaires are shaping the future of bitcoin

Today, Bitcoin has a number of identities. From being touted as a digital currency for “criminals” and money for “nerds”, to a power-consuming system, the most popular and world’s largest cryptocurrency has gradually entered the mainstream business and financial world. While some restaurants and local businesses are accepting BTC as means of payment, other companies and startups are building the backbone for mainstream adoption of the cryptocurrency. Behind the price hype, the mainstream adoption stories, and the high power consumption claims, there are people that keep the space on its toes. With either their riches and influence in the crypto market, these people drive, in part, what happens to bitcoin. What they talk about becomes news, and what they post on social media gets passed around the crypto world as a gospel of sorts. This article, which is part one of a series on community influencers and millionaires, chronicles five key figures in the space who are shaping the future of bitcoin, (not just bitcoin venture capitalists who pour huge sums of money into the cryptocurrency but people who have championed its growth). Additionally, it follows other cryptocurrency and blockchain projects that these influential figures have come to love and endorse. The Winklevoss Twins Image Source: Forbes.com Popularity: Bitcoin Investment and Crypto Startup Community The Forbes’ Richest People in Cryptocurrency list puts the 36 years old twins at number four, with a net worth of between $900 million to $1.1 billion. Though the Forbes list focused on their investments in other spheres of the crypto world, the two brothers, nevertheless, are highly involved in bitcoin - both in investment and influence. Cameron and Tyler Winklevoss bought BTC in 2012, a time when only a handful of people were involved in the cryptocurrency. Their $11 million investment during that time was reported to constitute one percent of the total bitcoins in circulation. Today, that’s a huge sum, reported to be worth about $1.3 billion. They have also been heavily involved in the community, and recently applied for a Bitcoin Exchange Traded Fund (ETF), which was rejected by the Securities and Exchange Commission (SEC). Other projects by Winklevoss Twins: Founders of Winklevoss Capital and the cryptocurrency exchange Gemini. The brothers found Winklevoss Capital in 2012. The New York-based firm invests in different asset classes and has had huge investments in digital assets and blockchain startups, including ChangeCoin, Earn.com, Tezos, and many others. They also founded the digital asset exchange Gemini, which allows anyone to buy, sell, and store digital assets. Twitter: Cameron Winklevoss @winklevoss. Tyler Winklevoss @tylerwinklevoss Tony Gallippi Image Source: U.Today/George Shnurenko Popularity: Investment and Cryptocurrency Startup Community. Tony Gallippi is one of the earliest investors in bitcoin. Today, it is reported that Gallippi is among the largest holders of the cryptocurrency. Rough estimates put his net worth at $20 million, though he has not unveiled the precise amount of bitcoin he possesses. His involvement in the community has been tremendous, speaking at tech conferences about the price of the cryptocurrency and its investment, as well as being invited by the U.S. Senate in November 2013 to speak about financial markets and bitcoin. Aside from his investment and involvement in bitcoin, Gallippi is a major player in the cryptosphere. Other Projects by Gallippi: Tony Gallippi is the co-founder of Bitpay, a crypto processing platform established in 2011. Today, Bitpay is the most widely used crypto payment processor in the world, handling over 20,000 merchants across 38 countries. Apart from helping bring BTC to the mainstream business world, Gallippi has also extensively participated in the community. Twitter: Tony Galippi @TonyGallippi Gavin Andresen Image source: news.bitcoin.com/Jon Southurst Popularity: Developer Community After successfully launching bitcoin, Satoshi Nakamoto entrusted the Bitcoin Code to Gavin, who is touted as the man behind bitcoin’s success today. Though many initially believed Gavin was Satoshi Nakamoto, the developer has denied all claims, but made it clear that he had closely communicated with the pseudonymous developer until 2010. Gavin was rumored to have received $200,000 in BTC as payment for his contribution to the Bitcoin Foundation. Adding that to his undisclosed BTC ownership means that Satoshi’s successor is likely a bitcoin millionaire. Other engagements of Gavin Andresen Although Andresen left his position as bitcoin’s lead developer in 2014 to join the Bitcoin Foundation as a Chief Scientist, he is lately critical of Bitcoin Core, asserting that the developers don’t “listen to the public”. While his support is now inclined towards Bitcoin Classic, Andresen’s voice in the space is still strong, and he has some BTC to his name as well. Gavin has also worked with MIT’s Digital C

20 days ago

ZCash Price Analysis: ZEC/USD Strong Bullish Breakout!

ZCash was previously consolidating inside a symmetrical triangle with its higher lows and lower highs. Price just made an upside breakout to signal that bulls have won over and that gains are in the works. However, the 100 SMA is still below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, bearish pressure is still present and there’s a chance this bullish move might be a fake out. Still, the price has moved past the 200 SMA dynamic inflection point as additional confirmation that buyers have the upper hand. Stochastic has reached overbought levels, though, and might be turning lower to indicate a return in selling pressure while buyers take a break. RSI is on the move up to signal that buyers still have some energy left but is also closing in on the overbought zone to signal exhaustion. ZCash has built up strong momentum leading up to its upcoming activation of the Sapling update on October 28. According to Zcash Company’s (@zcashco) tweet: Activation block 419200 will be mined October 28, 2018 18:21 UTC-05:00 assuming 150 seconds/block. Learn more: https://t.co/MuhVtIFA6m #Zcash #Saplingpic.twitter.com/dXr2WbEOEe Sapling is a network upgrade that introduces significant efficiency improvements for shielded transactions that will pave the way for broad mobile, exchange and vendor adoption of Zcash shielded addresses. It would include payments for shielded addresses, decoupled spend authority, and keys. These were highlighted by Litecoin founder Charlie Lee who said that fungibility is the one good thing that is missing from Bitcoin and present in other altcoins: Right now, there are some altcoins that are doing a lot of privacy-related improvements like, Monero [XMR] with RingCT, Zcash [ZEC] & Tezos [XZT]. New innovative technology is turning blockchain upside down. In any case, do watch out for additional volatility and potential profit-taking activity right around the time of the update. Images courtesy of TradingView The post ZCash Price Analysis: ZEC/USD Strong Bullish Breakout! appeared first on Live Bitcoin News.

20 days ago

Litecoin [LTC] founder Charlie Lee says privacy improvements in Monero [XMR], ZCash [ZEC] are toppling blockchain ecosystem

Charlie Lee, the developer of Litecoin, spoke at the Money 2020 conference on Tuesday about how he developed Litecoin after being inspired by Bitcoin in 2011. He explains how cryptocurrencies, in general, are one of the better forms of money ever developed in the history of mankind. During the conference, Lee explains how fungibility is one of the key reasons why privacy is needed in our present world. Lee takes his point forward by saying that money is meant to be spent, however, the user chooses to spend it and not and this is what makes it valuable. In a comparison between Monero and Bitcoin, Bitcoin is not fungible as it can always be traced back to where it came from, he said. Hence, the Bitcoins received are not ‘fresh’ and if these Bitcoins were involved in shady transactions, the address for those Bitcoins can be blacklisted for avoiding future transactions. However, in the case of Monero, the blockchain is opaque, as in, the transaction history of the coins can’t be looked up. He further explains saying fungibility is the one good things that is missing from Bitcoin. Charlie Lee explains fungibility as two $200 bills are essentially one and the same. He then compares it to Bitcoin, which, when transferred to a person, allows the person to see the amount of Bitcoins the user has. He says that it is not a good thing when it comes to privacy and one shouldn’t be able to know how much money a person makes. “Right now, there are some altcoins that are doing a lot of privacy-related improvements like, Monero [XMR] with RingCT, Zcash [ZEC] & Tezos [XZT],” said Charlie Lee. “New innovative technology is turning blockchain upside down.” Speaking of the bad side of privacy, Lee takes Monero’s Bulletproof update, which makes transaction size 90% smaller, but still larger than Bitcoin’s transaction size, concluding by saying that “it doesn’t scale as well as Bitcoin”. Charlie Lee says that he is really optimistic about the future of privacy in terms of cryptocurrencies and that there will always be a tug of war between privacy and regulations. The post Litecoin [LTC] founder Charlie Lee says privacy improvements in Monero [XMR], ZCash [ZEC] are toppling blockchain ecosystem appeared first on AMBCrypto.

20 days ago

ViewNodes Baker Discounted Fees + ETP Rewards

Hi guys, I recently came across this baker while doing a search on tzscan, and found out that they actually have a reward scheme tied to Metaverse ETP, I think it’s one of the few bakers out there that allows dynamic service fees and integrates another blockchain in the mechanic. Link: https://tzscan.io/tz1aiYKXmSRckyJ9EybKmpVry373rfyngJU8?default=delegation The baker is called ViewNodes, and ViewFin is the company running this masternode. After doing some research, I found out that ViewFin has been in crypto since 2014, and they are actually the team behind the Metaverse blockchain and RightBTC Exchange, which also happens to list Tezos on 4 trading pairs. Their official website ViewNodes link is here: https://viewfin.com/viewnode/tezos/ What is interesting about this particular baker is that they are offering discounted fees if you lock in your ETP for a certain amount of cycles. I took a screenshot of the discounted fee structure: https://i.imgur.com/uVTteJv.png The normal fee is 15%, but if you are able to lock in at least 200 ETP for 10 days, you’ll get the 12.5% service fee, and you can go as low as 3% if you have a large amount of ETP to lock. This is definitely an interesting way of operating a baker that allows more diversity out there in the ecosystem, and the connectivity between Tezos and Metaverse plus the RightBTC Exchange looks really good for expanding Tezos. What do you guys think?

20 days ago

Trezor Announces Support For Cardano, Stellar, EOS, And More In Upcoming Update

Trezor, the manufacturer of hardware wallets Trezor One and Trezor Model T has announced support for multiple new cryptocurrencies in an upcoming firmware update scheduled for 29th October 2018. Trezor One will add support for Stellar, Lisk, and ZCash Sapling, while Trezor Model T will add Monero, Cardano, Stellar, Ripple, Tezos, Decred, Groestlcoin, Zencash, and ZCash sapling. An unscheduled update after this will also bring support for EOS, Tron, and Ontology. (VS)

21 days ago

The 5 richest and most influential people in bitcoin

Today, bitcoin has a number of identies. From being touted as a digital currency for “criminals” and money for “nerds”, to a power-consuming system, the most popular and world’s largest cryptocurrency has gradually entered the mainstream business and financial world. Whiles some restaurants and other local businesses are accepting BTC as means of payments, other companies and startups are building the backbone for mainstream adoption of the cryptocurrency. Behind the price hype, the mainstream adoption stories, and the high power consumption claims, there are people that keep the space on its toes. With either their riches or influence in the crypto market, these people drive, in part, what happens to bitcoin. What they talk about becomes news, and what they post on social media gets passed around the crypto world as a gospel of sorts. Today, we chronicle 5 of the richest and most influential people in bitcoin, and the other cryptocurrency and blockchain projects they have come to love and endorse. The Winklevoss Twins Image Source: Forbes.com Popularity: Bitcoin Investment and Crypto Startup Community The Forbes’ Richest People in Cryptocurrency list puts the 36 years old twins at number four, with a net worth of between $900 million to $1.1 billion. Though the Forbes list focused on their investments in other spheres of the crypto world, the two brothers, nevertheless, are highly involved in bitcoin - both in investment and influence. Cameron and Tyler Winklevoss bought BTC in 2012, a time when only a handful of people were involved in the cryptocurrency. Their $11 million investment during that time was reported to constitute one percent of the total bitcoins in circulation. Today, that’s a huge sum, reported to be worth about $1.3 billion. They have also been heavily involved in the community, and recently applied for a Bitcoin Exchange Traded Fund (ETF), which was rejected by the Securities and Exchange Commission (SEC). Other projects by Winklevoss Twins: Founders of Winklevoss Capital and the cryptocurrency exchange Gemini. The brothers found Winklevoss Capital in 2012. The New York-based firm invests in different asset classes and has had huge investments in digital assets and blockchain startups, including ChangeCoin, Earn.com, Tezos, and many others. They also founded the digital asset exchange Gemini, which allows anyone to buy, sell, and store digital assets. Twitter: Cameron Winklevoss @winklevoss. Tyler Winklevoss @tylerwinklevoss Tony Gallippi Image Source: U.Today Popularity: Investment and Cryptocurrency Startup Community. Tony Gallippi is one of the earliest investors in bitcoin. Today, it is reported that Gallippi is among the largest holders of the cryptocurrency. Rough estimates put his holdings at $20 million, though he has not unveiled the precise amount he possesses. His involvement in the community has been tremendous, speaking at tech conferences about the price of the cryptocurrency and its investment, as well as being invited by the U.S. Senate in November 2013 to speak about financial markets and bitcoin. Aside from his investment and involvement in bitcoin, Gallippi is a major player in the cryptosphere. Other Projects by Gallippi: Tony Gallippi is the co-founder of Bitpay, a crypto processing platform established in 2011. Today, Bitpay is the most widely used crypto payment processor in the world, handling over 20,000 merchants across 38 countries. Apart from helping bring BTC to the mainstream business world, Gallippi has also extensively participated in the community. Twitter: Tony Galippi @TonyGallippi Gavin Andresen Image source: huffingtonpost.com Popularity: Developer Community After successfully launching bitcoin, Satoshi Nakamoto entrusted the Bitcoin Code to Gavin, who is touted as the man behind bitcoin’s success today. Though many initially believed Gavin was Satoshi Nakamoto, the developer has denied all claims, but made it clear that he had closely communicated with the pseudonymous developer until 2010. Gavin received about $200,000 a year in BTC as payment for his contribution to the Bitcoin Foundation. Adding that to his undisclosed BTC ownership means that Satoshi’s successor is a bitcoin millionaire, rumoured to be holding approximately $2 million in the cryptocurrency. Other engagements of Gavin Andresen Although Andresen left his position as bitcoin’s lead developer in 2014 to join the Bitcoin Foundation as a Chief Scientist, he is lately critical of Bitcoin Core, asserting that the developers don’t “listen to the public”. While his support is now inclined towards Bitcoin Classic, Andresen’s voice in the space is still strong, and he has some BTC to his name as well. Gavin has also worked with MIT’s Digital Currency Initiative and has spoken in blockchain and crpyto conferences around the world. Twitter: @gavinandresen Roger Ver Image Source: www.bloomberg.com Popularity: Bitcoin and crypto investment community. When it comes to the love for bitcoin, R

21 days ago

The 5 richest and most influencial people in bitcoin

Today, bitcoin has a number of identies. From being touted as a digital currency for “criminals” and money for “nerds”, to a power-consuming system, the most popular and world’s largest cryptocurrency has gradually entered the mainstream business and financial world. Whiles some restaurants and other local businesses are accepting BTC as means of payments, other companies and startups are building the backbone for mainstream adoption of the cryptocurrency. Behind the price hype, the mainstream adoption stories, and the high power consumption claims, there are people that keep the space on its toes. With either their riches or influence in the crypto market, these people drive, in part, what happens to bitcoin. What they talk about becomes news, and what they post on social media gets passed around the crypto world as a gospel of sorts. Today, we chronicle 5 of the richest and most influential people in bitcoin, and the other cryptocurrency and blockchain projects they have come to love and endorse. The Winklevoss Twins Image Source: Forbes.com Popularity: Bitcoin Investment and Crypto Startup Community The Forbes’ Richest People in Cryptocurrency list puts the 36 years old twins at number four, with a net worth of between $900 million to $1.1 billion. Though the Forbes list focused on their investments in other spheres of the crypto world, the two brothers, nevertheless, are highly involved in bitcoin - both in investment and influence. Cameron and Tyler Winklevoss bought BTC in 2012, a time when only a handful of people were involved in the cryptocurrency. Their $11 million investment during that time was reported to constitute one percent of the total bitcoins in circulation. Today, that’s a huge sum, reported to be worth about $1.3 billion. They have also been heavily involved in the community, and recently applied for a Bitcoin Exchange Traded Fund (ETF), which was rejected by the Securities and Exchange Commission (SEC). Other projects by Winklevoss Twins: Founders of Winklevoss Capital and the cryptocurrency exchange Gemini. The brothers found Winklevoss Capital in 2012. The New York-based firm invests in different asset classes and has had huge investments in digital assets and blockchain startups, including ChangeCoin, Earn.com, Tezos, and many others. They also founded the digital asset exchange Gemini, which allows anyone to buy, sell, and store digital assets. Twitter: Cameron Winklevoss @winklevoss. Tyler Winklevoss @tylerwinklevoss Tony Gallippi Image Source: U.Today Popularity: Investment and Cryptocurrency Startup Community. Tony Gallippi is one of the earliest investors in bitcoin. Today, it is reported that Gallippi is among the largest holders of the cryptocurrency. Rough estimates put his holdings at $20 million, though he has not unveiled the precise amount he possesses. His involvement in the community has been tremendous, speaking at tech conferences about the price of the cryptocurrency and its investment, as well as being invited by the U.S. Senate in November 2013 to speak about financial markets and bitcoin. Aside from his investment and involvement in bitcoin, Gallippi is a major player in the cryptosphere. Other Projects by Gallippi: Tony Gallippi is the co-founder of Bitpay, a crypto processing platform established in 2011. Today, Bitpay is the most widely used crypto payment processor in the world, handling over 20,000 merchants across 38 countries. Apart from helping bring BTC to the mainstream business world, Gallippi has also extensively participated in the community. Twitter: Tony Galippi @TonyGallippi Gavin Andresen Image source: huffingtonpost.com Popularity: Developer Community After successfully launching bitcoin, Satoshi Nakamoto entrusted the Bitcoin Code to Gavin, who is touted as the man behind bitcoin’s success today. Though many initially believed Gavin was Satoshi Nakamoto, the developer has denied all claims, but made it clear that he had closely communicated with the pseudonymous developer until 2010. Gavin received about $200,000 a year in BTC as payment for his contribution to the Bitcoin Foundation. Adding that to his undisclosed BTC ownership means that Satoshi’s successor is a bitcoin millionaire, rumoured to be holding approximately $2 million in the cryptocurrency. Other engagements of Gavin Andresen Although Andresen left his position as bitcoin’s lead developer in 2014 to join the Bitcoin Foundation as a Chief Scientist, he is lately critical of Bitcoin Core, asserting that the developers don’t “listen to the public”. While his support is now inclined towards Bitcoin Classic, Andresen’s voice in the space is still strong, and he has some BTC to his name as well. Gavin has also worked with MIT’s Digital Currency Initiative and has spoken in blockchain and crpyto conferences around the world. Twitter: @gavinandresen Roger Ver Image Source: www.bloomberg.com Popularity: Bitcoin and crypto investment community. When it comes to the love for bitcoin, R

21 days ago

Regulatory environment hinders Tezos (XTZ) with crypto exchanges

When the Tezos (XTZ) fundraiser took place in July of 2017, the original plan was for development to be completed in 3 to 4 months before a production network would be released, at which point ICO participants could collect their coins. Following the ICO, which was the largest one-time fundraiser in blockchain history at the time, development proceeded as planned until management issues arose at the Swiss foundation created to steward the project threatened to derail the entire effort. After months of delays, which pushed an expected 2017 launch well into 2018 with no firm schedule in sight, the Tezos community was frazzled. To get to the point where ICO contributors could own and/or cash out their Tezos coins, it would take a change of leadership at the Tezos Foundation, which happened in February 2018, and several more months of development to finish a working beta network. Betanet Brings Hope, Not Liquidity On June 30, 2018, almost a year to the day after the fundraiser in 2017, the Tezos Betanet launched as a full-functioning blockchain allowing ICO contributors the first chance to claim their coins and decide whether or not they would continue holding them. However, the lack of a suitable crypto exchange left many contributors, especially those in the U.S., with no real options for selling or trading. The crypto exchange gate.io listed Tezos after the betanet launch, but it excludes residents of Japan, Canada, and the United States. A small handful of low-volume exchanges followed, again with either similar residency restrictions or a small market size, still leaving no good exchange options. Mainnet Bolsters XTZ Exchange Listings Following a successful beta period, the Tezos mainnet launched on Sept. 17, 2018, bringing with it a renewed hope that maybe crypto exchanges would begin to take notice. After all, the crypto exchange HitBTC has been trading Tezos IOU’s (I-owe-you) since late last year, surely they would be ready to go live and enable deposits and withdrawals finally giving liquidity to coin holders in the United States. Despite the promise to be ready for the main net launch, HitBTC repeatedly failed to meet self-imposed deadlines and promises to users on Twitter. The boilerplate tweet, which appears to be similar for every cryptocurrency HitBTC is being asked about, goes like this: “We are getting ready to launch XTZ wallets on HitBTC. Right now we are adapting the software and testing it alongside with Tezos team.” At the time of publishing, HitBTC claims they have now enabled Tezos deposits, though withdrawals remain disabled. We reached out to HitBTC for comment but have not received a response. Beyond the failure of HitBTC, the one bright spot was Bitfinex, a crypto exchange in the top 10 based on volume that listed Tezos on Sept. 17, but it too excludes U.S. traders and is limited to larger deposits of over $10,000. Tezos Community Steps Up For most ICOs in 2017, getting access to exchange listings meant either paying a listing fee, possibly into the millions of dollars or relying on demand from coin-holders to drive exchange interest. Tezos prided itself on decentralization, and new leadership at the Tezos Foundation since February has steered far away from even the slightest mention of crypto exchange listings to avoid the appearance of Tezos as an unregulated security. When asked for comment on whether the Tezos Foundation gets involved with crypto exchange listings, Anthony Lacavaro, of the Tezos Foundation, stated the “Foundation is not involved in working with any exchanges on listings.” With the Foundation playing safe, in an environment where some coins are being dinged by regulators for the appearance of peddling an unregistered security, the Tezos community began working on the exchange problem. In an interview with Crypto Insider, Corey Soreff, a board member of the community-run Tezos Commons Foundation (TCF), agreed with the Tezos Foundation’s stance, saying, “I would prefer the Tezos Foundation focus on the long-term growth of the protocol.” Community Drives Exchange Listings The big win for Tezos coin holders came on Oct. 16 when Kraken, a popular crypto exchange based in the United States, announced XTZ would be listed the next day and it would be fully functional and open to all investors. Kraken, which does not exclude U.S. investors, became the first option for many Tezos coin holders to trade outside of using an over the counter trading service. When asked about the Kraken listing, Soreff said, “we were speaking with Kraken from early on and provided some information,” though Kraken did not require technical assistance. Soreff added, “Kraken is the gold standard of exchanges and a pleasure to have on board.” Soreff also said that there are other exchanges currently considering or working on listing Tezos and that TCF would be providing technical assistance and support along the way, though standard non-disclosure agreements prevented him from mentioning

22 days ago

First Major DAPP on Tezos Rebranded: VIAZ.io (Re-Branded from Skynetworld.org)

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. It happens. People have arguments. It’s rarely about who wins or who loses because it’s never that simple. To a greater or lesser extent everyone involved gets hurt The post First Major DAPP on Tezos Rebranded: VIAZ.io (Re-Branded from Skynetworld.org) appeared first on CCN

22 days ago

Cryptocurrency Market Update: Decred Surging on Binance Listing

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

22 days ago

Altcoins Market Remains Bearish Despite Positive News

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

25 days ago

Five examples of real-world uses for smart contracts

As blockchain continues to evolve, smart contracts built to expand the concept of a simple decentralized database into a fully usable decentralized application seem to be popping up everywhere. We’ve talked about the Ethereum “killers” and how nearly every third-generation blockchain now includes the ability to run decentralized software powered by smart contracts, but is there really a difference between the smart contract chains? There are advantages, certainly, and disadvantages to the various platforms, but will it make a difference for real-world use cases when selecting one chain over another to build a dApp? The truth is that blockchain dApp technology is still at an infant stage, and there has been very slow progress when it comes to figuring out where this technology can be used to solve real-world problems. Striking out today to build a blockchain dApp is fraught with challenges, and the downfalls are ever-present from financial risks as well as developing with new and untested technology. On the other hand, the opportunity of long-term reward is there if you manage to solve a problem in a unique way or become the “Google of blockchain” in the process. Let’s take a look at some examples where smart contract platforms are actually being used right now to support products and services that rely exclusively on this technology. 1. Sub-Tokens & ICOs The vast majority of blockchain ICOs which happened over the past 24 months were released as sub-tokens using the ERC-20 standard on the Ethereum network. Hands-down, Ethereum is currently the king of sub-tokens and no other chain comes close. Part of that is due to Ethereum’s first-mover advantage since no other smart contract was actually functioning at a production-worthy level in 2017 to support the explosive growth of this new industry. The ERC-20 standard is simply a standardized smart contract on the Ethereum network which allows an individual user on the network to generate a sub-token and send it to another user. All of the functionality of the sub-token is controlled by Ethereum’s smart contract system, called the Ethereum Virtual Machine. Most dApps built on Ethereum will create their own tokens to use within their applications, a function which is controlled, managed and secured by smart contracts. At the present time, there are over 128,000 ERC-20 sub-token contracts in existence on the Ethereum blockchain, account for 80 percent of all dApps. This is a testament to the popularity of the platform and speaks to the innovation found in Ethereum since 2015. As a side note, Vitalik Buterin, creator of Ethereum and coiner of the term “smart contract,” now says he hates the name and wishes he would have picked something less flashy. However, the name seems to have stuck and nearly every Ethereum competitor has adopted the “smart contract” label as well. 2. Asset Digitization The concept of “digitizing assets” has become a new buzzword around blockchains. The question is how can you use blockchain to track ownership of a physical asset, such as gold or silver, and record changes of ownership in a decentralized way? NEO is a fairly new smart contract blockchain with goals that differ somewhat from Ethereum. The NEO objective is the “Smart Economy,” which is made up of digital assets, digital identity, and smart contracts. Unlike Ethereum, which aims to be the “world computer,” NEO is working toward a platform that allows for entities to trade goods and services, in a digitized form, with the security of a digital identity layer to provide enforceable trading rules. Each asset, such as physical gold, for example, would have a corresponding entry on the blockchain so ownership can be tracked and recorded. The record of these assets remains decentralized and available to all stakeholders at all times. Individuals and institutions, private and government alike, could trade securely in this trustless environment across borders and around the globe with a system powered by smart contracts on the NEO blockchain. Asset trades occur within the rules of the defined contract and happen instantly in NEO’s vision of the “Smart Economy.” 3. Personal Finance The world of finance and blockchain would seem to go hand in hand and, eventually, that day will come. The Tezos blockchain, which recently launched in September 2018, has some promising dApps which aim to break down the barrier between traditional financial products and blockchain technology. Part of the attraction to Tezos for high-value financial dApps is the inherent formal verification which, once fully implemented, will greatly reduce or eliminate the possibility of coding bugs or human error within smart contracts. TezSure, a dApp in the early development stages on Tezos, aims to simplify insurance on the blockchain. According to the TezSure founding statement, traditional insurance lacks transparency, takes far too long to process claims, and costs a fortune in overhead to administer. T

25 days ago

Cardano [ADA]’s Icarus ready for smooth adoption; IOHK confirm audit completion

Input-Output, the science and engineering firm headed by the Founder of Cardano, Charles Hoskinson recently announced an audit conducted by Kudelski Security for its Icarus project. Icarus is a code developed by IOHK as a reference implementation for a Cardano light wallet, just like Yoroi that was launched previously. The firm that audited the code is a third-party and independent security auditor that has contributed to IOHK several other times. IOHK decided to go for a third-party audit as it believes that internal audits may miss the critical aspects of identifying security issues. Therefore, this enables the developers from IOHK to fix the issues pointed out in the audit for the launch of the product. The firm also added: “This ensures our customers and clients have the most secure wallet we can provide.” Furthermore, Cardano’s native organization defined Icarus as an open-source code base that is built to be used as a reference to further create secure and light mobile wallets for Cardano. It also aims to provide developers to have access to tools that they require to build on the ecosystem. Despite the developments, ADA, Cardano’s native cryptocurrency token has not been doing great in the market. At press time, the token was trading at $0.074 with a market cap of $1.93. It is currently experiencing a slump of 2.67% with a total 24-hour trading volume recorded at $22.5 million. In a recent AMA [Ask-Me-Anything] session conducted by Hoskinson, he spoke about Cardano’s success and its correlation with the funding raised by the project during its ICO. While projects such as EOS and Tezos raised a lot more money than Cardano, Hoskinson believes that money is not much of a factor in developing a decentralized and efficient cryptocurrency and blockchain ecosystem. Regarding this, he also cited that the top-2 cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH] raised less capital to nothing to get where they are at today. The post Cardano [ADA]’s Icarus ready for smooth adoption; IOHK confirm audit completion appeared first on AMBCrypto.

25 days ago

Cardano [ADA]’s Charles Hoskinson on EOS raising more capital than Cardano

In an Ask Me Anything [AMA] session conducted by the Founder and CEO of IOHK, Charles Hoskinson, answered several questions posed by the cryptocurrency and blockchain space members. Here, he spoke about the correlation between different cryptocurrency ecosystems raising capital vs the success that they achieve. Specifically, about EOS and Tezos, Hoskinson stated that they can lure parties into building on their blockchain, at their best, which is a short-term boost to the ecosystem. It was stated by a user that EOS raised about $4 billion whereas Cardano only managed to scrape around $60 million as capital for the development of the ecosystem. Regarding this, the user also asked if the money raised makes a difference to the success of these ecosystems. Hoskinson responded and explained that the 2nd largest cryptocurrency in the world, Ethereum, raised only about $18 million to get to this position whereas the leading coin in the cryptocurrency space did not raise any capital. In his words: “It’s kind of funny that the number two cryptocurrency raised 18 million to get where it’s at and the number one cryptocurrency raised nothing. So if you think about that, there is strong evidence in the space - the amount of money you raise doesn’t really have a lot to do with your ability to succeed.” He then moved on to talk about Monero [XMR], the leading privacy coin that recently integrated bulletproof into their ecosystem. Hoskinson also stated that bulletproof is a great invention and is likely to succeed after the necessary audits. According to the IOHK Founder, bulletproof will prove to be highly beneficial for Monero. The post Cardano [ADA]’s Charles Hoskinson on EOS raising more capital than Cardano appeared first on AMBCrypto.

a month ago

Polymath Soars As STO Excitement Over tZero Peaks

Polymath (POLY) tokens surged as much as 20% in value during Thursday’s trading as markets reacted to the news tZero has issued its security tokens to investors. In a price surge reminiscent of the December bull-run, POLY is currently trading at $0.22. The tokens peaked at around 14:00 BST when the market cap surpassed $70m: just shy of $0.25 per individual coin. The price declined in the past four hours. The POLY market cap stood at $64m at press time, $6m below where it had been earlier that same day. Polymath first started to rise last night, when coins spiked from $0.20 to over $0.24 within an hour. Although the price quickly corrected, tokens began to rise steadily throughout the evening and into Thursday morning. tZero token sale This initial spike followed news on Tuesday that tZero, a blockchain-based subsidiary of the internet retailer Overstock, had issued its security tokens. Sold during a security token offering (STO), between December and early August, investors with a signed agreement for future equity (SAFE) were issued with the tokens as early as last Friday. Although the tokens have now been issued, holders still won’t be able to touch them. To be fully compliant with the Securities and Exchange Commission (SEC), security tokens need to be locked down for a full 90 days before they can be released, and then only to accredited investors. Normal investors will have to wait until early August 2019 - exactly a year after the token sale - before they can take their holdings. STO v. ICO The security token was an unfamiliar concept, this time last year. The ICO was king; raking in projects millions of dollars in the blink of an eye, sometimes literally in the case of the Basic Attention Token (BAT) sale. The market has changed since then. Investors became aware utility tokens didn’t confer much in the way of rights or responsibilities. The countless investors that took part in the Tezos (XTZ) sale - which raised nearly $240m for the project - had to chew their fingernails for nearly a year before they could access their tokens. Many promptly sold, unsurprisingly. The ICO ecosystem has also been dogged by regulatory uncertainty. The SEC has suggested that they may represent unlicensed security token sales. Ripple is in court in California, battling allegations that the ICO for the XRP token was really a security sale. Polymath Price Security tokens solve some of the issues that plague ICOs. Being backed by a tangible asset gives them more security than the vague promise of future utility. STOs are also already regulated, protecting investors from bad actors and outright scams. Polymath and tZero have sometimes been called the ‘Starsky and Hutch’ of the security token world; the two formed a partnership at the beginning of the year. As a security token platform, Polymath provided tZero with advice throughout their STO. It announced in September it would host the STO for a new real estate project, based on the blockchain. Investors are excited by the prospect of security tokens but there are still too few around. Existing actors, like Polymath and tZero, will likely benefit from each other’s good coverage until such time as the market expands and matures. It’s easy for investors to still lump all of the projects associated with security tokens together. This will change. A safe bet? Who knows. It might be a secure bet... Disclaimer: The author is not invested in any cryptocurrency or token mentioned in this article, but holds investments in other digital assets. The post Polymath Soars As STO Excitement Over tZero Peaks appeared first on Crypto Briefing.

a month ago

Cryptocurrency Market Update: More Sideways Inactivity, Altcoins Immobile

FOMO Moments Sideways trading for another day; Stellar and Neo slowly moving up, 0x dropping back. Crypto markets are slowly losing ground as gains made during last week’s Tether induced pump are slowly being eaten away. Market capitalization has retracted slightly from the same time yesterday but is still just above $210 billion at the moment. Bitcoin has dropped back a fraction of a percent today to bring it back to $6,550. The bulls do not have the strength to take it above the $6,600 resistance level so here it stays for another day. Ethereum is still very bearish with another drop today back to $205. For another day the altcoins are mixed pretty much half and half. The top ten sees Stellar making the largest move with 4% added to take XLM to $0.242. Cardano is up slightly but the rest have fallen back 1-2 percent on the day. Neo and Zcash are making the best momentum in the top twenty, both tokens trading over 4% higher today. Dash and Tezos however are both falling back 2-3 percent and the rest are pretty flat with little movement in either direction. As usual there are a couple of fomo pumps going on with some of the more obscure altcoins further down the list in the top one hundred. Ravencoin, a new entry to this part of the chart, is up 26%. PIVX and Odyssey are also climbing 14-15 percent at the time of writing. These spurts usually reverse within a day or two when the coin predictably dumps again. Losing ground today is Electroneum and 0x dropping over 7%. ZRX recently jumped over 40% on a Coinbase listing but has dumped a lot of those gains just as quickly as rumours of insider trading at the exchange circulate. There are no real standout cryptocurrencies at either end of the chart at the moment. Total market capitalization has shrunk around one percent on the day to just over $210 billion. Daily trade volume is still at $11 billion and the sideways channel has resumed. On the week markets are up 4.5% and over the past month they have made over 8%. Bitcoin dominance is currently 53.7% where it has been for most of the week. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: More Sideways Inactivity, Altcoins Immobile appeared first on NewsBTC.

a month ago

Cryptocurrency Market Update: 0x (ZRX) Surges 35% on Coinbase Listing

FOMO Moments Markets are flat again today; Ox surging, XRP and Tezos recovering slowly. It seems that things are back to horizontal territory for crypto markets as very little has moved over the past 24 hours. Total market capitalization remains over $210 billion where it was this time yesterday. Bitcoin has flat lined again and is stuck at just below $6,600. Analysts have noted a symmetrical triangle formation which could lead to a breakout from its consolidation. Volume has fallen back after the recent spike and has stabilized at $4 billion. Ethereum is still weak but it is holding $210 at the moment, no change from yesterday. Altcoins are a mixed bunch once again today. In the top ten XRP is showing the best gains with 4% to $0.466. Stellar and Cardano are also both up over 2% but the rest have declined slightly. Looking at the top twenty today only Neo and Tezos are in the green rising a couple of percent on the day, all of the other altcoins have dropped back a little. Today’s big pump is DEX protocol 0x which has surged 35% to just over $1. Trade volume has also jumped from $20 million to over $115 million as 0x goes live on Coinbase: ZRX is now live at https://t.co/bCG11KveHS and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, send, receive, or store ZRX. https://t.co/kzDisSZrFu — Coinbase (@coinbase) October 16, 2018 One the week 0x has made similar gains of almost 40% and over the past month it has made almost 80% recovering back to late July prices. Binance has most of the trade volume with over 50% and, no surprise, second exchange is Coinbase Pro taking almost 20% of the trade in ZRX. Other altcoins in the top one hundred performing well at the moment include PIVX up 14% and MobileGo trading 12% higher at the moment. Getting beat up is Eternal Token which is shedding 23% at the time of writing. Total crypto market capitalization has not moved much overnight and is still around $212 billion. Volume has fallen back to $12 billion and the sideways channel seems to have resumed. Bitcoin dominance has dropped a little back to 53.8% but it is still strong against the altcoins, most of which are at their lowest levels for over a year. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: 0x (ZRX) Surges 35% on Coinbase Listing appeared first on NewsBTC.

a month ago

Tezos Gains 15% on Kraken Listing and General Market Recovery

Over the past 24-hours, Tezos (XTZ) gained more than 15 percent after being listed on Kraken. The bear market has taken a harsh toll on the altcoin and it fell more than 90 percent from it’s all-time December high. As the first day of XTZ trading opened on Kraken, volume increased and XTZ price moved from $1.26 to $1.47. Kraken users will also be able to trade XTZ in USD, EUR, and CAD pairs. In addition to the hype surrounding the new listing, XTZ appears to be benefiting from a general market recovery as Bitcoin’s recent price rise has seen gains in a number altcoins. Currently, XTZ is up 10.11% and the price is $1.45. (RS)

a month ago

Tezos (XTZ) Prices Surges Following its Kraken Listing: Declining Trend Broken

Tezos [XTZ] Tezos [XTZ] dominates the leading board of coins which are ranked by market capitalization with its double digit increase only in the last 24-hours. Reaching the price of $1.44 against the US Dollar in the beginning of the week it counts 11.00 percent increase today while marching forth the BTC market for 12.50% in the green. Source: coinmarketcap The pair’s XTZ/USD performance Yesterday it achieved a clearing-above the weekly declining trend which has been tanking the value downward as did the general market sentiment. Per time of writing the coin is ranked 17th with $877 million market cap and a trading volume of $6.2 mil [24h]. Its Story During one of the most successful and largest ICOs ever held - Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market. During a contact made by Reuters to the president of the foundation it was confirmed that its MainNet was set to launch on the 14th of Sep, 2018. #Breaking @millervalue #ValueInvesting #Crypto #Bitcoin #Cryptocurrency project #Tezos to launch main #network next week:... https://t.co/nqOY185XCh — John M. Spallanzani (@JohnSpall247) September 14, 2018 Rolling back to the present, one of the catalysts that hoisted the current value upward movement could possibly have been Kraken’s listing of XTZ. To bring the token closer to the European investors and traders, the exchange added XTZ on both its old and new platform. Every user was notified via their respective email of this addition. What is Tezos (XTZ)? Tezos is a decentralized computing platform for Turing-complete smart contracts. Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus - there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification - Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance - all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades. - Via Kraken’s blog post The post Tezos (XTZ) Prices Surges Following its Kraken Listing: Declining Trend Broken appeared first on Ethereum World News.

a month ago

Tezos Surges 15% Amidst Market Recovery and Kraken Listing

Tezos (XTZ) surged 15% over the past 24 hours amidst a general cryptocurrency market recovery and its recent listing on Kraken. The cryptocurrency has been one of worst affected by the market crash, falling over 90% since its one year high it reached in December. Despite being one of the worst major altcoins affected by the bear market, Tezos holders saw some major gains on Tuesday morning, following the announcement and listing of the cryptocurrency on Kraken. Kraken first announced that they would be listing XTZ on October 15, with trading first opening the following day on October 16. XTZ trading first began at 8:00 a.m. PST, at which time the cryptocurrency saw a small volume bump, leading the price from its daily low of $1.26 to a daily high of $1.47. The price has since settled at $1.44. The cryptocurrency will be listed with multiple fiat trading pairs, including USD, EUR, and CAD. Kraken’s listing announcement, which was released on the exchange’s website, explained the main features of Tezos that led to it being listed, saying: “Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus - there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification - Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance - all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades.” Big Gains for Tezos ICO Investors Tezos originally gained funding through an initial coin offering (ICO) in July of 2017. At that time, the project raised $232 million, and sold XTZ to investors for $0.382 per token. Original investors in Tezos have still seen gains of approximately 270% since the launch, despite the persisting bear market. Over the past few months, however, XTZ has had a rough time, declining from over $2.40 in July to its year-to-date low of $1.14 in early September. Since then, the crypto has seen choppy price action, and the latest pump is the only apparent sign of a potential reversal. Tezos Gains Come Amidst General Market Recovery Tezos’ price rise was also supported by the fact that the cryptocurrency market had seen a general recovery over the past couple of days, with Bitcoin’s price rising from weekly lows of just over $6,200 to highs of nearly $7,000, before stabilizing at its current price of $6,570. BTC’s recent price action was the first the cryptocurrency had seen in a while, breaking through its previously established trading range between $6,400 and $6,800. Although the cryptocurrency broke through this range on both sides, it has since fallen back into the previously established trading range. Bitcoin’s recent price action led altcoins to post some decent gains, with XRP trading up 23% from its weekly lows and ETH trading up 12% from its weekly lows of $188 at its current price of $210. Featured image to Shutterstock. The post Tezos Surges 15% Amidst Market Recovery and Kraken Listing appeared first on NewsBTC.

a month ago

Crypto Exchange Kraken Lists Tezos

Notable crypto exchange Kraken announced the listing of Tezos coins late yesterday evening. Trading will begin today at 11 am Eastern Standard Time today....

a month ago

Tezos News: XTZ Proves The Tezzie Bears Wrong

XTZ tokens have so far been the big winner with a batch of positive Tezos news over the past week. Starting at $1.22, the value of XTZ tokens - or ‘tezzies’ - grew throughout Monday to finish at $1.36. The rally has continued into Tuesday and tezzies were trading at $1.47 by press time as the bears retreated, licking their wounds. Per token, this may seem incremental; but the Tezos market cap is up by more than a $100m. Why? Part of this has been a knee-jerk reaction by the market to the surprise news yesterday Kraken would list XTZ on its servers. Exchange users will be able to purchase XTZ for Bitcoin (BTC) or Ether (ETH), as well as the US dollar, Euro or Canadian dollar. Being listed on a well-known exchange is always a big boost for a project’s value; it acts as a sign of confidence that encourages greater demand and keeps existing holders from selling out. It’s not just a new listing happening in the Tezos camp. The Tezos Foundation, the body responsible for managing the project’s funds, announced at the end of last week it was going to support the training of as many as 1,000 blockchain developers. Although the exact amount allocated has not been specified, the Foundation said they would invest in projects willing to draw-up training programs and provide learning resources to increase the number of programmers building on the XTZ blockchain. Just under two weeks ago, the Foundation also announced it had issued grants for teams supporting mobile app development for the Tezos blockchain. The teams chosen include one creating a development kit for IOS devices, and another one geared towards Android devices. Another project has focused on improving secure key handling from a mobile device. Tezos news was a lot bleaker in mid-winter Tezos is a platform blockchain designed for decentralized applications, much like the Ethereum network. It relies on a unique form of Proof-of-Stake (PoS) that allows anyone to validate transactions, no matter the size of their holdings. Little more than half a year ago, Tezos had been a byword for controversy, intrigue, and strife. Having raised more than $230m in an ICO last summer, the project’s management team had descended into civil war. A long-running dispute between Tezos’ founders, Arthur and Kathleen Breitman, with Johann Gevers, the CEO of the Tezos Foundation had reached a crescendo; the SEC Chairman, Jay Clayton, had told Congress that every ICO he had seen was a security sale. Investors, who had still not received their tezzie tokens, bit their fingernails to the bone as the project behind one of the largest public sales in crypto was about to implode. But it didn’t. Gevers was finally dislodged in February. He was replaced by Ryan Jesperson, who started repairing damaged relationships with a demoralized team and irritated investor base. PricewaterhouseCoopers (PwC) was brought in to audit Tezos’ accounts and investors finally managed to access their XTZ tokens in early June. Tezos’ restoration mission culminated when it announced the launch of its mainnet last month. As Crypto Briefing reported at the time, enthusiasm grew around the project. Compared to the chaotic EOS launch, Tezos went off without a hitch. Aside from one minor delay, all went as it should during the two-month beta period. The project has come a long way in the past seven months, but there have been bumps along the way. US authorities fined Arthur Breitman $20,000 in April for failing to disclose investments while he was working at Morgan Stanley. Disgruntled tezzie holders, who had waited more than a year to touch their investments, promptly dumped their holdings; the price plummeting from $4 to $1.70 in less than an hour. Can XTZ repair the damage done? Yesterday’s Kraken listing will give XTZ much-needed exposure to a whole host of new investors, ones not around a few months ago. Price surges following token listings are fleeting; the Tezos price will likely begin to drop by the end of the week. It will be development which, long-term, will raise the XTZ price. As the wounds between the Foundation and the Breitmans heal, the substantial war chest, accumulated during the ICO, can go towards the project’s long-term development, creating a better quality project. This will attract more users, with higher demand likely to raise the Tezos token price. Tezos’ euphoric early days turned quickly into disillusionment by the end of last year. That the project started 2018 at rock-bottom may play to its advantage. Tezos was allowed to develop, almost uninterrupted, in the spring and the summer months. Its mainnet launched into beta with little fanfare because many XTZ holders had already sold out. That it launched successfully in September, in stark contrast to other chaotic mainnet releases, was the first big step Tezos took to restoring its name. Today’s news shows Tezos is on the past to recovery. Reputation is hard-won... but easy to lose. The project squandered its social capital last year, t

a month ago

Kraken Announces Tezos Listing

Crypto exchange Kraken has announced that Tezos (XTZ) will be listed on its platform and trading in Tezos will begin today - Tuesday, October 16 2018. The inclusion of Tezos (XTZ) is a development which underlines the growing influence of Tezos which once held the record for most money raised in an ICO before suffering a difficult period punctuated by infighting earlier this year....

a month ago

TEZOS: ANATOMY OF A STARTUP CATASTROPHE

There are only a few months between the most successful ICO of 2017 and a turmoil of fights, lies and a flood of lawsuits at Tezos. In the meantime the company grew richer every day. Tezos generated $232 million in fall 2017 through a sensational Initial Coin Offering (ICO). It was the largest of its kind to date. But instead of working on the promised product, the founders publicly quarreled......

a month ago

Tezos [XTZ] shoots up by a massive 12% post the Kraken listing

The recent bullish spike that saw a lot of cryptocurrencies shoot up in value may have calmed down but October 16th saw a marked spike in the price of Tezos [XTZ]. This comes in the wake of popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP slowly falling back into the clutches of the bear. At the time of writing, Tezos [XTZ] was growing at a massive rate of 12.20% with a total market cap of $856.681 million. The cryptocurrency was trading for $1.41 with a 24-hour market volume of $3.812 million. A majority of the Tezos’ market volume was held by Gate.io with a total grasp of $1.478 million of the total trade. Gate.io was followed by Bitfinex with a hold on $423,157 of the entire XTZ trade. Tezos 24-hour chart | Source: CoinMarketCap The sudden increase in the price of Tezos is speculated to be because of its listing on Kraken. Ever since the Tezos main net was launched a few weeks ago, things have shifted into a higher gear for XTZ. A growing list of exchanges support this token at this time, and it appears that list will continue to grow for quite some time to come. It has been an impressive run for Tezos so far, although it remains to be seen if this can have a lasting effect on the value over time. The last year marked a dark time for Tezos investors, as they did not hear from the team for a very long time. Indeed, many events occurred between the ICO and now, including events such as the Foundation calling investments “non-refundable donations”. The recent developments seem to have made holders happy with Trendycrypto, a Twitter user commenting: “Finally! Thank god this is happening right now!” The post Tezos [XTZ] shoots up by a massive 12% post the Kraken listing appeared first on AMBCrypto.

a month ago

Tezos (XTZ) Listed on Kraken with Trading Launch Imminent

Trading for XTZ started on the European exchange, which creates Euro and dollar fiat on-ramps for the coin....

a month ago

Cryptocurrency Trading Update: Crypto Market Pullback From Big Bounce

FOMO Moments Markets have receded a little from the spike; Tezos, Bytecoin and Icon still climbing. Yesterday’s big bounce has been sustained today and markets are holding their gains at the moment. The rally added over $20 billion into crypto markets initially however a pullback has seen levels drop a little. Total market capitalization is currently over $210 billion. Bitcoin has retreated a little from its daily high of almost $7,000 and is currently trading at $6,650 - the level it remained at for so long previously. BTC trade volume which exceeded $7 billion on the day has pulled back to $5.8 billion which is still almost double the $3 billion it was at 48 hours ago. Ethereum has dropped back 2% to trade at just over $210, showing a similar pattern to Bitcoin. Altcoins are a mixed bunch this morning with some pulling back and others continuing to gain. In the top ten XRP and Stellar are in the green by a percent or two, the rest have declined by a similar amount. Following a day of Tether being the only coin in the red USDT is clawing back its peg as it approaches a dollar again. It is currently trading at $0.975 according to Coinmarketcap. In the top twenty Tezos is out in front adding a further 6% on the day as XTZ gets listed on Kraken. The rest have dropped back between 0-2 percent from Monday’s big pump. Dogecoin is falling further with a 3.5% loss on the day. Today’s fomo jump in the top one hundred is Aurora climbing 15% at the moment, closely followed by DigixDAO up a similar amount. Bytecoin and Icon are also doing well today rising 8-9 percent. Taking the hit is Digitex Futures which has been pumping for a couple of days, DGTX is down 12% on the day. Eternal Token is also dropping 10% at the moment. Total crypto market capitalization is currently at $213 billion. This is up 6.5% in 48 hours but down 3.5% from yesterday’s spike which took it to $221 billion. Trade volume doubled in 24 hours but has pulled back to around $16 billion at the time of writing. Markets have held this level for the past day which could signal further upsides as the week goes on. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals The post Cryptocurrency Trading Update: Crypto Market Pullback From Big Bounce appeared first on NewsBTC.

a month ago

Tezos Price Eyes $1.4 Courtesy of Kraken Listing

A lot of cryptocurrency markets are in the red once again. After yesterday’s upward momentum, one would expect things to keep going. Sadly, that will, once again, not be the case in the cryptocurrency industry. Tezos, on the other hand, is still going strong despite the overall market opposition. How long this trend can remain in place, is difficult to predict. Tezos Price Gets a Healthy Nudge Yesterday was a pretty exciting day for all cryptocurrencies, as a lot of gains were noted in very quick succession. As is usually the case during an extended bear market, this uptrend cannot be sustained for too long. Bitcoin is in the red once again, and most of the top altcoins will follow suit fairly quickly. Tezos is one notable exception so far, although things can still change. Over the past 24 hours, the Tezos price has surged to $1.35 again. This is a solid 5% gain, and also a 6.25% increase over Bitcoin. It is not uncommon for altcoins to gain on Bitcoin throughout 2018, and Tezos will need this momentum to deal with Bitcoin’s ongoing decline. Despite a relatively weak trading volume of just $3.6m, Tezos might very well achieve a market cap of $825m before the day comes to an end. Ever since the Tezos main net was launched a few weeks ago, things have shifted into a higher gear for XTZ. A growing list of exchanges support this token at this time, and it appears that list will continue to grow for quite some time to come. It has been an impressive run for Tezos so far, although it remains to be seen if this can have a lasting effect on the value over time. #Tezos [MainNet Week 4] - Exchanges with $XTZ @Tezos Trading (#MetaTrader 5 Support):@krakenfx @bitfinex@ZbTalk@coinexcom @bitpanda@Gatecoin@gate_io@coinone_info@Rightbtc_@bitcoin_meester@hitbtc@Zironexexchange@ChainEXIO@iBuyTezos1@TezosOTC pic.twitter.com/3KF3u3aGRU — Charles Douthat (@creiddouthat) October 15, 2018 Speaking of exchanges listing XTZ, Kraken has confirmed they will add Tezos this week. That is a pretty big deal, as Kraken is still widely considered to be one of the world’s top cryptocurrency exchanges to date. As such, it will be interesting to see if this new listing can generate any additional volume for Tezos in the future. It is not the most liquid market in terms of trading volume, which can pose some problems if left unchecked. For all "XTZ has to be listed everywhere" lovers: Kraken is listing #tezos #xtz !!! — Phil (@pyromania_blue) October 16, 2018 To further advance the Tezos ecosystem, there will be a growing focus on building dApps. To ensure developers have all of the necessary tools at their disposal, a new online course is announced by the Tezos Commons Foundation. It will focus on building simple dApps first and foremost, yet can provide a solid foundation for developers to work with. “Building dapps on Tezos” #Tezos $XTZ @zastrinlab https://t.co/XEH6lpcss9 — Bitcom (@bitc0m) October 16, 2018 As is always the case in the cryptocurrency industry, sustaining any uptrend has proven to be increasingly difficult. For the Tezos price, things look good right now, although there is still a good chance a correction will kick in sooner or later. The expected market growth throughout Q4 2018 hasn’t materialized as of yet, but there are still two and a half months left in the year to make something big happen. The post Tezos Price Eyes $1.4 Courtesy of Kraken Listing appeared first on NullTX.

a month ago

Kraken Exchange Lists Tezos (XTZ) Across the USD, EUR, CAD, XBT and ETH Markets

San Francisco-based crypto exchange Kraken, whose trading volume hovers at $291 million over the last 24 hours, is adding support for Tezos (XTZ), the No. 18 cryptocurrency based on market cap. Trading in XTZ launches on Oct. 16 across the USD, EUR, CAD, XBT and ETH markets. XTZ is up 9% on the development to $1.33 on trading volume of $3.3 million. The majority of today’s volume in XTZ is unfolding on Gate.io exchange in the XTZ/BTC and XTZ/USDT pairs. Tezos describes itself as a "self-amending cryptographic ledger," and its mainnet launched last month. (GT)

a month ago


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