Wanchain WAN

Market Cap $ 43.896 MM (#96)
24h Volume $ 3.871 MM
Chg. 24h: -0.89%
Algo. score 4.0/5  (#47)
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Wanchain News

Starting Friday, WAN will be paired up with USDT on Bitrue, ...

Starting Friday, WAN will be paired up with USDT on Bitrue, one of the most user-friendly crypto exchanges around.… https://t.co/P5Cx7nSql9

4 days ago

Bitcoin Recovers to $4,000: Why Industry Execs See Big Crypto Rally Ahead

In the last 24 hours, the bitcoin price has slightly recovered to $4,046, recording a minor 0.7 percent increase against the U.S. dollar. The positive upside movement of bitcoin led alternative cryptocurrencies to record gains in the range of 5 to 33 percent against both bitcoin and USD, as the valuation of the crypto market rebounded to $140 billion. ERC20 tokens in the likes of ICON, Wanchain, AION, and 0x demonstrated solid 3 to 5 percent gains on the day. Sentiment in Bitcoin and Crypto Market is Changing Despite the stability in the price of bitcoin in the past several The post Bitcoin Recovers to $4,000: Why Industry Execs See Big Crypto Rally Ahead appeared first on CCN

4 days ago

EOS Price Analysis: Platform Top-rated, But Will Prices Rally?

Latest EOS News After an extended crypto winter that saw different projects wrecked and developers calling it quit, it appears that the path towards stability is cooperation. Tron has been pretty successful in that and now Wanchain, an Ethereum fork which is creating solutions for cross chain interoperability allowing seamless value transfer between heterogeneous blockchains, will this year support EOS—the fourth most capitalized coin and a project ranked as “Superb” by CMC’s new partner, a blockchain analytic firm, Flipside. Wanchain’s next blockchain bridge will be #EOS! This integration is already in-progress and will be complete in Q2, making EOS and its powerful network of dApps fully inter-operable with the Bitcoin and Ethereum blockchains. Welcome @block_one @brockpierce @eosnewyork @LiquidEOS!— Wanchain (@wanchain_org) March 15, 2019 Read:Citi Once Had Plans To Launch A (Centralized) Crypto Asset, But Failed To Execute Already, Wanchain incorporated Loopring—a layer-2 protocol which allows third parties to build non-custodial DEX meaning token or coin exchange can be done in a peer to peer manner without the need of an third party while all order management is done off-chain—on their platform. Here’s what Jack Lu, Wanchain’s Founder and CEO had to say: “Wanchain’s interoperability platform is an excellent complement to Loopring’s protocol and will set the stage for a more advanced DEX ecosystem with the ability to offer cross-chain trading pairs and increased liquidity. “ Also Read:Could Bitcoin (BTC) Follow Gold’s Long-Term Chart? All in all, 2019 could be an interesting year for DEXs thanks to continued pummeling of centralized exchanges and increased oversight (and demands) from protective regulators. Aside from Wanchain—Loopring initiative, Binance is testing their version. However, should liquidity be overcame then we may as well see a migration towards secure DEXs thereby drawing additional demand to EOS—ranked as the best platform by China’s CCID. EOS/USD Price Analysis At the time of press, EOS performance is stellar and prices are up 1.9 percent in the last week with EOS changing hands at around $3.6 apiece. Even so, we should note that this could as well be a deserved correction and as price action dictates, a period of extended losses or gains should be followed by a correction. From the charts, it is clear that EOS is correcting and our resistance as laid out in the chart has been marked by a humongous bear bar. Trend and Candlestick Formation: Short-term bullish and breakout pattern From a top-down approach, sellers are technically in charge and EOS is trending within a bear breakout pattern thanks to mid-Nov 2018 sell-off. Nonetheless, in the short-term and in a classic bear breakout pattern, the current pullback could as well be the second stage—the retest phase (targets at $4—which has been retested) before a trend resumption phase begins. Therefore, while we are bullish and anchoring our analysis on the bullish breakout bar of Feb 18, we should also realize that the failure of bulls to muster enough momentum and satisfactorily close above $4, reversing losses of Feb 24 is bearish for EOS. If EOS fail to close above $4.5 complete with above average volumes exceeding 18 million in days ahead and instead drop below $3, we shall have solid reasons to exit this trade as bears of Feb 24 flow back. If not and prices rally, then bulls of Feb 18 would be present and in that case, first targets will be at $6. Volumes: Bearish Our EOS/USD price analysis is based on Feb 18, 24 and yesterday’s average at 14 million, 18 million and 3 million according to streams from BitFinex. Since we are bullish, we expect prices to edge higher and, in that case, EOS must print above $4.5. As a result of this position, accompanying volumes must exceed 18 million as price action confirms bulls of Feb 18. Conversely, losses below $3 must be complete with equally high volumes exceeding 18 million and recent averages confirming liquidation of Feb 24. All charts courtesy of Trading View—BitFinex This is not investment Advice. Do your Research. The post EOS Price Analysis: Platform Top-rated, But Will Prices Rally? appeared first on Ethereum World News.

4 days ago

Wanchain has integrated the USDC stablecoin, introduced by T...

Wanchain has integrated the USDC stablecoin, introduced by The CENTRE Consortium @centre_io  -  a joint venture co-… https://t.co/lOxpZwxCiF

5 days ago

Our Storeman Node Staking Pilot has been underway for 3 days...

Our Storeman Node Staking Pilot has been underway for 3 days and crossed 1.5 Million WAN today! 4 million WAN will… https://t.co/LvTeDc5eOv

6 days ago

Update: Over 1.3M WAN staked in the Storeman Node Staking Pi...

Update: Over 1.3M WAN staked in the Storeman Node Staking Pilot in under two days. https://t.co/Wo19cVF7jU

7 days ago

Wanchain (WAN) Announces Its Building a Bridge to EOS

The team at Wanchain (WAN), a blockchain platform that has the goal of uniting all ledgers in a single interoperable ecosystem, recently posted the following tweet indicating what their next major integration will be: “Wanchain’s next blockchain bridge will be #EOS! This integration is already in-progress and will be complete in Q2, making EOS and its powerful network of dApps fully interoperable with the Bitcoin and Ethereum blockchains. Welcome @block_one @brockpierce @eosnewyork @LiquidEOS!” WAN is currently trading at $0.4287, a decrease of 2.51% on the 24-hour chart. (JF)

8 days ago

Wanchain Will Integrate With EOS In Q2

Cross-chain collaboration platform Wanchain (WAN) will integrate with the EOS platform later this year, the team has announced. In its Q1 Community Conference Call, Oliver Birch, Wanchain’s Vice-President of Communications and Growth, said the project would bridge with EOS sometime in the next quarter. He highlighted that the large and active EOS community, as well […]

9 days ago

We are very pleased to begin working @staked_us to provide I...

We are very pleased to begin working @staked_us to provide Institutional Staking of WAN to their customers when our… https://t.co/yQkziyFLgP

9 days ago

Wanchain is integrating Basic Attention Token (BAT) as a wra...

Wanchain is integrating Basic Attention Token (BAT) as a wrapped ERC20 token, allowing for utility across multiple… https://t.co/H8CcjkEf6M

9 days ago

#WANccc starts in 30 minutes, and we have 8 more tweets in t...

#WANccc starts in 30 minutes, and we have 8 more tweets in the queue. What a day to be part of the Wanchain mission… https://t.co/ulsk5Ga82p

9 days ago

WAN Staking Pilot is LIVE! Join now: ...

WAN Staking Pilot is LIVE! Join now: https://t.co/ir84QBE3Cd Like and RT this tweet and follow @JackLu_WAN for a c… https://t.co/mEiDWvR766

10 days ago

WAN Staking Pilot begins in just over 4 Hours at 00:00 UTC! ...

WAN Staking Pilot begins in just over 4 Hours at 00:00 UTC! The leaderboard has been added to this blog post so you… https://t.co/NELMRlyQPB

10 days ago

Wanchain Review: Introduction to WAN

What Is Wanchain? Wanchain is an independent distributed ledger which was designed to provide communication between distinct blockchains, be they public or private. The platform also acts as a distributed bank system, where parties are able to create their own digital tokens and assets by building a market on top of the Wanchain infrastructure. The […]

10 days ago

ProgPoW Could Be Ethereum's Solution To A Problem That Does Not Exist

The need to counter ASICs has existed for a long time. In order to address this, several Ethereum developers have proposed a new algorithm called programmatic proof-of-work (ProgPoW) that could favour GPU mining. However, according to Dovey Wan, one of the founding partners at Primitive Ventures, it is a solution to a problem that does not exist. In her extensive report, she said the number of miners using ASICs in Ethereum is significantly low. It would stay that way, as ASICs do not have a significant performance boost and they have no resale value. Wan also pointed out that the new algorithm would decrease the efficiency for existing GPU miners as they're built around the latest GPUs such as RTX 2080, Vega 64, and Titan X. Ethereum (ETH) is priced at $133.60, losing 0.79% in the last 24 hours. (VS)

11 days ago

Ethereum’s ProgPoW Proposal: An Expensive Game of Whack-a-Mole

Ethereum's ProgPoW proposal may appear to minimize the ASIC advantage, but it isn't as democratizing as claimed, argue Dovey Wan and Martina Long.

13 days ago

Happy #InternationalWomensDay from the Wanchain team. #Balan...

Happy #InternationalWomensDay from the Wanchain team. #BalanceforBetter rings even more true in crypto where ANYONE… https://t.co/AKRhk9NXHH

16 days ago

Wanchain's Storeman Node Staking Pilot starts Mar 15th. Bidd...

Wanchain's Storeman Node Staking Pilot starts Mar 15th. Bidding is 2 weeks, then min 4 million WAN will be locked f… https://t.co/CiUTBb8Nka

16 days ago

Bitcoin (BTC) Medium Term Trend is Set, $6,000 A Low Lying Picking

Bitcoin price recovering, may clear $6,000 Jihan Wu, the former CEO of Bitmain is a billionaire Transactional volumes low, must spike above 440k countering Q4 losses With newfound financial weight, Jihan Wu can now move towards achieving his goals. In the meantime, Bitcoin (BTC) prices stand to benefit. Should buyers have the upper hand, any surge past $4,500 will be trend-defining in short to medium term. Bitcoin Price Analysis Fundamentals Rumor from multiple sources, insinuates that Jihan Wu, credited for backing Bitcoin Cash during the last hash war to the detriment of asset prices, will in coming days cut ties with Bitmain. Jihan Wu is leaving Bitmain, starting a new company multiple non-official sources said so ... according to various sources, the new company is more like a spin out of Bitmain (so far not sure of the equity ownership structure), with primary focus around BCH and Defi — Dovey Wan (@DoveyWan) February 25, 2019 Nothing is yet to be confirmed but with enormous losses, downsizing and a general decline in Bitcoin prices, the chipset behemoth like all crypto firms, is under duress and may let go of Jihan. Already he has the financial muscle to do whatever he likes. At a tender age of 33, Forbes ranks Jihan as one of the youngest billionaires under 40 with a net worth of $1.5 billion. Candlestick Arrangements What we have in the weekly chart is a beautiful sight. After five months of severe draw-down, Bitcoin (BTC) is recovering—although not at a rapid phase as expected. However, at this pace, prices are likely to print above $4,500. It all depends on the underlying momentum and how bulls will flow back once key resistance levels no longer hold. Technically, bulls appear to have the upper hand. While the bear bar of the week ending Nov 25 is conspicuous and could trigger sells as Bitcoin trade within a bear breakout pattern, it is the rejection of lower lows and renewed interest of week ending Dec 23 that is trendsetting. Prices are moving within this bar, and in an effort versus results point of view, that is bullish. At the moment, it is a series of tight ranging, higher highs with firm anchors rooted at week ending Feb 1 that is important for our analysis. Like in all our previous BTC/USD trade plans, risk off traders can take advantage of this bullish candlestick arrangement and load up on every dip. First targets remain at $4,500, and this plan is applicable as long as BTC prices are trading above $3,500. Technical Indicators Week ending Nov 25 is our base bar. While prices recover, volumes/participation must also expand at a faster rate eliminating the disparities between Q4 average volumes—150k and those of Q1 2019—120k. For a trend resumption and cancellation of late Nov 2018 draw-down, Bitcoin prices must rally above $4,500 and $6,000 with high transaction volumes above 434k of the week ending Nov 25. That’s almost three times the recent averages. Only that will invalidate the possibility of bears ushering in bulls aiming at $11,000. The post Bitcoin (BTC) Medium Term Trend is Set, $6,000 A Low Lying Picking appeared first on NewsBTC.

18 days ago

Skeptic’s lens: Binance’s cautionary tale of insider trading

In yet another episode of crypto controversy (who’s counting anymore?), Binance was accused of leaking information about Celer Network’s token sale on Binance Launchpad. The screenshots from a private WeChat group circulated more than a week ago hinting that Celer Network would soon be listed. Yesterday, Binance announced that Celer would be the third project this year to have a token sale on Binance Launchpad. Dovey Wan, a Founding Partner of Primitive Ventures and ex-Managing Director at DHVC, was dragged into it as well. She was accused of confirming that Binance would list Celer and of potentially participating in insider trading. Join Genesis now and continue reading, Skeptic’s lens: Binance’s cautionary tale of insider trading!

18 days ago

Register today to join us in Hong Kong at the Wanchain co-sp...

Register today to join us in Hong Kong at the Wanchain co-sponsored PCTA meetup on March 12th, where Wanchain found… https://t.co/08vFGlVEsj

19 days ago

Startups Will Choose to Build Their Blockchains Using Customizable DPoS Interoperable Solutions

Startups, small business owners and even large corporations are looking into Bitcoin and blockchain alternative projects. The technological advantages of integrating cryptocurrency payment systems or using blockchain technology for their specific industry purpose are proving to be world changing. Existing Blockchain Solutions These solutions currently include accepting traditional Bitcoin payments and the ever-improving Bitcoin lightning network payments system, which solves the Bitcoin scaling issue with a layer two solution. Other current solutions include building on top of an existing chain such as Ethereum. It is becoming more obvious that accepting Bitcoin via the lightning network payments system will solve many payment solutions. But many companies are also looking to utilize the blockchain technology that Bitcoin originally provided to create their own unique solutions. There are already some blockchain development platforms that offer payment solutions, such as Ethereum where you can create your own payment token on top of the Ethereum blockchain. This works to a point, but many are seeing that this method only creates a bottleneck with limited options. This leaves many startups and businesses still looking for a solution beyond simple payments or being tied down to another chains rules or limitations. Having your own blockchain and easily customizable plugin system is what most projects and businesses want. Let’s face it, building your own blockchain that can provide everything you need including payments is what you want, and if it can be adaptable with plugins and more in the future, it is precisely what everyone wants. Similar to what WordPress did for website creation, you will see this blockchain creation ability become a standard in the blockchain world. Some larger entities such as Facebook, IBM, and Wells Fargo even have extensive research and development budgets for blockchain creation and research. Some are even going as far as buying entire blockchain projects and teams to try and gain the upper hand. Benefits of Blockchain This large push into the blockchain world is not due to speculation or trading profits; it is based on fundamentals. Distributed ledgers have proved extremely useful and offer impressive benefits over simple databases. An example of the benefits could be in logistics or more specifically inventory control. Imagine a large retail business and its inventory tracking systems. This system is extremely costly and prone to human error, theft or even database corruption. Switching to a blockchain-based distributed ledger system would provide immutable records and no database corruption while allowing access worldwide at any time, regardless of computer failures or internet downtime. The records are always there and cannot be faked. This example of inventory control can also tie into an in-store payment token. The retailer could issue its own coin on a separate blockchain. Each purchase either using their own token and chain, other cryptocurrency, credit cards or even fiat could trigger an inventory adjustment on the inventory chain, automating their entire system. They could make the inventory chain private and the payment chain public, allowing their customers to interact and see their purchases while eliminating the need for physical receipts in some cases. This is just a quick example, and it could be much more complicated or much less complex. There are many advantages and many other examples. This all ties into easy blockchain creation. Many recent startups have chosen to build on top of an existing chain to get a payment token. This causes a bloating effect on proof-of-work (PoW) chains such as Ethereum. Building on someone else’s chain only allows you to utilize that chain’s specific parameters. If that chain gets too full, too slow, or goes down for any reason, you are stuck with that, and you go down with it. Creating Your Own Blockchain Creating your own blockchain is what many startups aspire to, but there is a scarcity of competent developers in our space which can make that goal extraordinarily costly and time-consuming. There needs to be an easier entry into blockchain creation and management. This is where projects like ARK come into play. ARK allows you to create your own blockchain, public or private, and allows you to completely customize it for your specific needs. You can set your own block times or your own fees. You can even add your very own plugins and transaction types, which would be great for the example above as it would allow the creation of a specific transaction which could be the trigger for the inventory adjustment. Think of it much like a product code. With this blockchain creation system, anyone can create as many blockchains as they want, allowing all of them to run in parallel and easily communicate with each other and even other large chains like Bitcoin and Litecoin. This is what startups need and what many current projects will be i

a month ago

Wrapped Bitcoin Launches On Ethereum With $227K Injection

Wrapped Bitcoin (WBTC) has officially launched on Ethereum (ETH), allowing users to make bitcoin-based transactions on a different blockchain. With more than 20 launch partners and approximately 227K worth of WBTC already on the network, the project may be looking to take the lead over its main competitor, Wanchain (WAN). WBTC officially became a tradeable ERC20 […]

2 months ago

Travis Kling says Bitcoin's Rally will be Preceded by Further Layoffs and Regulation

Travis Kling, a former Wall Street investor and the founder of Ikigai crypto fund, says the cryptocurrency market will endure a surge in layoffs, exchange collapses, stringent regulation, and proclamations that “crypto is dead” before the market can begin to turn around. Kling tweeted “We need more.” in regard to all the bad news he predicts and he explained that a continued industry collapse would essentially be the ‘silver bullet’ that kills the unrelenting bear that is destroying the crypto-market. Kling is not alone in his point of view as last December Primitive Ventures founding partner Dovey Wan and CNBC’s Ran NeuNer both said that smaller exchanges will collapse and more layoffs will occur before Bitcoin can blossom and rise from the ashes. In spite of his dismal predictions, Kling still believes that crypto will outperform “everything” in 2019 and he explained that the end of quantitative easing will push crypto-assets higher than U.S. equities in 2019. (RS)

2 months ago

Wanchain to Integrate Oath Protocol for Dispute Resolution and Decentralized Governance

Wanchain (WAN) recently announced a new collaboration and integration with Oath protocol, a decentralized governance and dispute resolution platform that utilizes blockchain and a community-driven juror system. Once launched on Wanchain, the Oath Protocol will enable dispute resolutions services that will be available for any dApp built on the WAN blockchain. Wanchain sees dispute resolution as one of the key building blocks for dApps in areas such as e-commerce, p2p services, trading, and more, so this integration was seen as a necessary piece that will foster future growth. (JF)

2 months ago

Dovey Wan says Tax Reform in China could help Crypto Assets Bloom

Primitive Ventures founding partner Dovey Wan recently suggested that China’s new tax reform which is supposedly designed to ensure that the “ultra-rich” are paying their taxes could lead to growth in the value of crypto-assets. Wan tweeted that “crypto assets are quite tax-effective since there is no reporting standard at all [but] transacting through OTC will expose your bank accounts, hence the rich in China are investing in mining operations and hashrate rental to acquiring BTC instead of buying it up front.” Wan suggested that as the purchase of overseas properties in San Francisco, New York City, Bangkok and Vancouver become less lucrative to Chinese investors, an influx of funds could flow into the crypto-sector. Wan also noted that the borderless, decentralized nature of cryptocurrency could continue to present challenges for cryptocurrency as the Chinese government’s inability to properly tax the asset could “lead to further inequality down the road.” (RS)

2 months ago

Wanchain Partners with Oath Protocol to Introduce Decentralized Governance

Wanchain strikes a collaboration with Oath Protocol, a platform dealing with governance decentralization and dispute solving for blockchain-based dApps

2 months ago

Wanchain will integrate Oath Protocol into our ecosystem for...

Wanchain will integrate Oath Protocol into our ecosystem for decentralized governance and dispute resolution. Read… https://t.co/Mu8yBjapoR

2 months ago

Gemini Dollar Integrates Wanchain For Cross-Chain Capability

In September last year, New York-based cryptocurrency exchange Gemini launched a stablecoin called Gemini Dollar (GUSD) pegged to the US Dollar. It was originally launched as an ERC-20 token on the Ethereum blockchain. In addition to this, Gemini has announced its expansion to Wanchain. Blockchain applications such as decentralized exchanges on Wanchain can now integrate GUSD. Launched in January 2018, Wanchain enables connection between different blockchains to transact with each other. Wanchain (WAN) is priced at $0.331603, gaining 1.03% in the last 24 hours. (VS)

2 months ago

The 'Gemini dollar' stablecoin from @Gemini is now live on W...

The 'Gemini dollar' stablecoin from @Gemini is now live on Wanchain, bringing cross-chain capability to $GUSD. Gemi… https://t.co/TTpBcURUy5

2 months ago

Crypto Controversy: New Privacy Oriented Cryptocurrency “Grin” Accused for Wrong Doing

Grin, a new privacy-oriented cryptocurrency and the second implementation of a MimbleWimble blockchain seem to have already surrounded itself with controversy. According to the recent tweet put forward by the Dovey Wan, founding partner of Primitive Ventures, Grin’s trading volume is more than its total supply. Grin volume is a time bomb created by centralized exchanges says Wan In a series of tweets put forward Dovey Wan, a few centralized exchanges that have started trading Grin even before the first coin was minted and have been using the new coin as a shield to print more *BTC* out of thin air with a non-solvent BTC reserve. According to her, these exchanges were quoting volumes which was much greater than the available supply of Grin A few exchanges started Grin trading before the coin is even minted, and some of them have volume > the total available supply. This reveals a bigger time bomb of centralized exchanges that can print more *BTC* out of thin air with a non-solvent BTC reserve. — Dovey Wan 🦖 (@DoveyWan) January 18, 2019 According to her the motive behind this wrongdoing is quite strong as these exchanges, one hand simply printing more *BTC* and on the other hand, are shorting BTC eventually earning a real BTC from transaction fee at practically zero cost The incentive can be strong - simple print more *BTC*on other hand short BTC, and get the real BTC from trx fee at no cost 😳😳 we need more scrutiny into the shadow banking equivalent of crypto otherwise will fail for the same old greed — Dovey Wan 🦖 (@DoveyWan) January 18, 2019 Referring to the early first few hours volume on the sell order book of these exchanges, Wan points out that Grin’s inflation schedule is calculable, and it requires 1440 blocks confirmation for Coinbase reward maturity, before that you can’t spend the Coinbase output. the volume I referred to is the initial volume on sell order book for the first few hours. Grin’s inflation schedule is calculable, and it requires 1440 blocks confirmation for coinbase reward maturity, before that you can't spend the coinbase output. — Dovey Wan 🦖 (@DoveyWan) January 18, 2019 Pointing at Centralized exchange Wan says, “Centralized exchange is a black box that no one knows whether their internal book can sync on-chain. With tons of limitations on withdrawal, print out fake BTC is totally doable result in fractional reserve” Grin uses the Mimblewimble privacy tech which takes crypto privacy to a very different level. This new protocol melts together all the transactions from the individuals, so nobody can actually track them. The hype for launch was big because the technology was already in the works since 2016 and it took a long time to be ready. On January 15, 2019, at 17:38 UTC, the genesis block has appeared and a new era has begun for this tech. Grin had debuted with a high price of $261 per coin after its first block was mined but within subsequent 24 hours, the coin lost as much as 98% of its value and currently trades around USD 6.60 due to the expansion of its coin supply. There are currently five crypto exchanges that have listed and are trading Grin, which includes BitForex, Bibox, CoinEgg, BigONE, and MXC. Meanwhile, five mining pools such as UUPool, F2Pool, BTC.com, Bixin, and Spank Pool have announced their filing rules for the corresponding wallet addresses. With Grin’s introduction, privacy in cryptocurrency would reach to a next level but this initially controversy is scary. Will the team behind Grin and exchanges come clear on this is something one will have to wait and watch. Will Grin write a new chapter for privacy coins or will it fizzle out in controversy? Do let us know your views on the same The post Crypto Controversy: New Privacy Oriented Cryptocurrency “Grin” Accused for Wrong Doing appeared first on Coingape.

2 months ago

Bitcoin Upstart BlockEx Shivers In Extended Crypto Winter

While 2019, the purported year that the Bitcoin ecosystem would undergo a turnaround, is in full swing, crypto startups have continued to fall on bad times. Most recently, a London-based, multi-faceted company revealed that “staff reductions” had taken place, likely catalyzed by the tumult in crypto markets. Related Reading: Legendary Venture Capitalist: “We’re Close to a Crypto Nuclear Winter” Bitcoin Exchange BlockEx Purges Staff In “Reduction” As Bitcoin peaked at $20,000, BlockEx, a London-headquartered upstart with visions of grandeur, launched its token sale. BlockEx was marketed as a platform for issuing tokens, but, the firm quickly broadened its horizons to facilitating crypto asset exchange. And, in an ecosystem often filled to brim with uninspired products, BlockEx’s ambitions caught on. In the months that followed, the company secured over $24 million for its DAXY token, which would give holders special access to some of BlockEx’s offerings. Yet, in a comment given to CoinDesk, chief executive Adam Leonard divulged that “staff reductions” had occurred at his firm. Divulging the rationale behind this business decision, Leonard explained that the cuts were mandated to extend BlockEx’s financial runway, especially as some of the firm’s ventures have begun to wind down and/or lose steam. Yet, he remained optimistic, noting that his company has some good news to tout in coming weeks. Not The First, Nor The Last As hinted at earlier, BlockEx’s “staff reduction” is yet another crypto firm that has had to make tough decisions, especially amid this Bitcoin rout, rife with volatility and so-called “choppy waters,” as recently put by Pantera’s Joey Krug. Just last week, per previous reports from NewsBTC, Blockfolio, the company behind a world-renowned crypto-related mobile application, revealed that it too made cuts. More specifically, in an interview with The Block, chief executive Edward Moncada noted that it had cut four employees, reducing its headcount to 37. Moncada also confirmed that Blockfolio would be putting Datablock, an affiliated venture focused on providing data rights for consumers, on the proverbial backburner. Days prior to the Blockfolio news, Erik Voorhees, dubbed “Bitcoin’s last gunslinger” by Forbes’ Crypto team, took to his company’s blog to reveal that ShapeShift, the startup behind an exchange that shares its name, CoinCap, and KeepKey, laid off 37 employees — one-third of the startup’s team. Weeks earlier, Bitmain, one of the world’s most valuable crypto companies, saw its insiders claim that the firm would be shutting down its mining operations, cutting upwards to 1,350 employees (half) in the process. Per sources, Beijing-based conglomerate will also be losing its co-CEOs. Dovey Wan, a pro-Bitcoin partner at Primitive Capital and Chinese crypto insider, explained in late-December that she expected for more layoffs to arrive after 2018’s holiday season. In a tweet, centered around Bitmain’s ongoing qualms, Wan explained that once the “employment and human resources cycle kicks in,” other industry upstarts will begin to purge under-performing/costly staffers. And interestingly, as made apparent by the BlockEx imbroglio, her quip came true. Considering her comment, BlockEx’s situation isn’t likely to be the last of its kind. But what firm will be on the chopping block next? Featured Image from Shutterstock The post Bitcoin Upstart BlockEx Shivers In Extended Crypto Winter appeared first on NewsBTC.

2 months ago

Analysis Shows Exchanges Are Using Grin to "Print BTC Out of Thin Air"

According to Dovey Wan, founding partner of Primitive Ventures, several crypto exchanges that have already started trading the new privacy-focused Grin cryptocurrency and have effectively been using it “as a shield to print more *BTC* out of thin air with a non-solvent BTC reserve.” A closer look shows that according to these exchanges, Grin’s trading volume is more than its total supply and some exchanges started trading Grin before the first coin was minted. Wan also explained that some exchanges are shorting BTC to eventually earn real BTC from transaction fees for practically zero cost. (JF)

2 months ago

Wanchain Teams Up with Evernym to Build Wallet That Handles Identity Management

Wanchain crypto platform partners with Evernym, the developer of Decentralized Digital Identity, to create a new type of wallet and expand crypto adoption together

2 months ago

Trust Wallet Now Supports Dash

On Wednesday, Binance-owned, Trust Wallet, which supports leading virtual currencies like Bitcoin and Ethereum, announced that it had added support for Dash. Per the announcement, the wallet's users can now send, receive, and store digital currencies directly by using the mobile application. This news comes after the wallet began supporting BTC a few weeks ago. It also supports TRX, GO, POA, ETC, WAN, and VET. (VK)

2 months ago

Wanchain Joins Telefónica, One of the World’s Largest Telephone Operators, Developing a Mobile Blockchain Future

Eleven Paths, a subsidiary of Telefónica, has tapped Wanchain in an effort to build a secure blockchain platform for the mobile generation. Rivetz is a security company which works extensively in the blockchain space and also plays an important role in the new effort. Wanchain is an Ethereum fork which specializes in cross-chain compatibility. With

2 months ago

Grin Mining Launch Attracts Interest from Wealthy Investors

Privacy-oriented cryptocurrency, Grin, launched earlier this week and the cryptocurrency appears to have garnered the interest of deep-pocketed investors looking to mine on the network. Eric Meltzer of Primitive Ventures wrote about Grin’s mainnet launch on his Proof of Work newsletter and he said, “There is (by our conservative estimates) $100 million dollars of mostly VC money invested into special-purpose investment vehicles to mine Grin.” Meltzer’s partner, Dovey Wan also said that it could possibly be “the most expensive genesis block one in history.” Apparently, Chinese GPU farms are already deeply involved with the network and one anonymous source said “this is the thing that comes closest to Bitcoin. In a lot of investors’ minds it kind of pattern-matches to Bitcoin 2.0.” The anonymous source also explained that there is plenty of excess GPU and data-center capacity that miners are eager to direct toward the Grin network but he also cautioned that Grin is designed to have a high inflation rate during its first few years. (RS)

2 months ago

Today, Wanchain is excited to celebrate turning one year old...

Today, Wanchain is excited to celebrate turning one year old. Our blockchain's genesis block was created exactly on… https://t.co/Sj0f0J3W4R

2 months ago

Crypto as a way of learning financial markets

Participation in crypto is exceptionally speculative, risky and unregulated. Nothing written is financial, trading or investment advice. Proceed at your own risk. Always consult a licensed professional before making any decisions. Many outsiders view traditional financial markets as complicated. Just hearing about financial markets can give average guys and gals a headache from complicated terminology, numbers and data. Dividends, earnings and shorts (not the wearable kind) all sound like gibberish to beginners. Cryptocurrency markets and traditional markets may seem equally challenging to understand. With the right point of view, however, crypto markets might actually be an avenue for financial market interest. It’s complicated Equities, bonds and commodities are three examples of tradable assets in traditional finance (these are called securities). Along with these three securities comes the ability to buy and sell. Although, buying and selling bring further complexity. For example, a trader can buy or sell options or futures on those three securities. Success is also difficult because of the high barrier of entry. Trading and investing in traditional securities is extremely competitive. According to a study referenced by Tradesociety.com, “[p]rofitable day traders make up a small proportion of all traders - 1.6% in the average year. However, these day traders are very active - accounting for 12% of all day trading activity.” Traditional market involvement means going up against professionals with decades of experience. They know the terms, they’ve studied the graphs and they are looking to make consistent gains. Trading and investing is a zero-sum game. There must be winners and losers. Additionally, trading fees can get expensive. For example, TD Ameritrade charges $6.95 per online trade. That means $6.95 to buy and then $6.95 to sell. For someone looking to learn about the markets and make small trades with $50-100 total, those trading fees would likely lead to a rapid loss of capital. (Crypto trading takes a percentage trading fee instead, which makes trading small accounts possible - more on that below.) Robinhood is an app offering free trading. Overall, Robinhood may be a viable option for beginners looking to get their feet wet. Although, very few things in life are free. According to one Seeking Alpha article, Robinhood appears “to be selling their customers’ orders for over ten times as much as other brokers who engage in the practice. It’s a conflict of interest and is bad for you as a customer.” It may be a good idea for new traders and investors to learn via paper trading (using a simulated account). A whole new level of psychological learning becomes present, however, when actual money is on the line. That’s why starting with a small amount of money might be a good idea for beginners. But crypto is also confusing Crypto is often confusing to the average person, so learning two new concepts, trading and cryptocurrency, seems like double the work. Currently, if mainstream adoption ever occurs, cryptocurrency needs to be simplified and taught to the public. Learning how to safely store crypto funds is complicated for beginners because it’s different than common money storage methods. Traders and investors holding crypto often use physical or digital storage devices called wallets. Sending funds to a seemingly random string of keyboard characters (aka - a crypto wallet address) can be difficult to grasp initially. Even the process of getting funds onto an exchange like Binance can be confusing. An example of the process could include buying bitcoin on Coinbase, a popular exchange, and then sending that bitcoin to a wallet on the Binance exchange. The person could then use that bitcoin to buy or trade other altcoins. Crypto: less confusing? Here’s a very enticing thing about crypto - it’s only been around for about ten years. Jumping into crypto at this stage means only competing against about ten years of experience. Crypto trading, on a core level, is similar to traditional markets in psychology, process and methodology. Although, it is also different. Market cycles can be faster, swings can be larger and the number of professional traders in the space might still be less than that of traditional finance. Taking into account the current U.S. traditional financial bull market, Barrons.com stated that “[t]he huge run-up in stock prices has brought the total market capitalization of the Russell 3000 Index—which covers 98.5% of the country’s market capitalization—to $30 trillion, a ‘staggering’ amount of money, according to a recent report from Bespoke Investment Group.” Cryptocurrency currently only has a total market cap of about $123 billion, according to CoinMarketCap. Involvement in crypto now could mean getting in on the ground floor of something with significant potential where the barrier of entry is still somewhat low. When starting in crypto, there is also no concept of dividends or earn

2 months ago

ChainLink Outperforms Market Through Crypto Winter

ChainLink (LINK) is one of the few tokens to have actually gained in value over the past six months, making it one of the best performing cryptocurrencies. Statistics collected by CryptoCompare, a cryptocurrency price site, show that LINK’s market value increased by 136% from $0.22 to $0.52 per token since July 19th. That may seem like a small gain, but it adds up to a $100M jump in the coin’s total value. ChainLink price performance over the past six months. Credit: CryptoCompare This puts LINK’s performance far ahead of many of the larger cryptocurrencies, most of which dropped in the same timeframe. Bitcoin (BTC) lost half its value, from $7477.50 in July to $3680.09 at the time of writing. The story gets worse with the other coins, with most falling to a fraction of their former values. Ether (ETH) is down from $468.65 to $127.95; EOS from $8.42 to $2.44; Litecoin (LTC) down from $86 to $32. Stellar Lumens (XLM) experienced a 66% hit on its value, down from $0.30 to $0.10. The best performing coin in the top-ten has been XRP, which fell from $0.48 to $0.33. A drop of just under a third, XRP narrowly beat TRON (TRX), which fell by 34%. Bitcoin Cash (BCH) was one of the worst hit, with more than 80% of its value wiped out. What is ChainLink again? ChainLink acts as a bridge between smart contracts and external data sources. Smart contracts can request relevant data from a decentralized network of oracle operators, which have access to relevant data feeds and APIs. Being decentralized means data doesn’t have to come from just one source, making it safer and less prone to manipulation. To incentivize correct and accurate data provision, operators have to stake LINK tokens when they submit data to smart contracts. ChainLink believes this will increases smart contract functionality. The project says their “blockchain middleware” allows smart contracts to securely process complex information, making sophisticated agreements on the blockchain a very real possibility. “By greatly simplifying how smart contracts can securely access key off-chain resources, ChainLink accelerates the development of increasingly useful smart contracts,” the project says in an official blog post. Why is the ChainLink Price Up? ChainLink has been quiet ever since their ICO in 2017. Crypto Briefing’s token progress report noted in March last year that although the project looked promising, its price had suffered from “abysmal marketing.” That changed in the last half of the year. ChainLink’s social media presence - once almost non-existent - has seen an uptick in activity. In the past five months, there has been a big increase in the companies - including Wanchain (WAN) - using its middleware. The project has announced 12 new implementations, covering a wide variety of different uses, such as sports and margin trading, on Twitter, since late August. ChainLink has not been immune to wider market movements; it lost value during the major wipeout in mid-November. But its losses have generally been more muted, and gradual adoption has allowed LINK to recover quickly. Whether LINK will continue its slow ascent upwards is hard to know. But the need for smart contracts integrated with real data is not one that will disappear quickly, and a strong performance may indicate a chance at actual adoption. Crypto Briefing’s CEO is an advisor to Wanchain, but was not involved in the production of this article. The author is invested in digital assets, including BTC and ETH which are mentioned in this article. Join the conversation on Telegram and Twitter! The post ChainLink Outperforms Market Through Crypto Winter appeared first on Crypto Briefing.

2 months ago

Rootstock Celebrates A Year Of Milestones

January 3rd marks the birthday of a young digital currency. No, not that one. While most eyes are on the Bitcoin decennial, another cryptocurrency is also blowing out a candle. Rootstock, a smart contract side chain to the Bitcoin blockchain, celebrates its first anniversary today, marking one full year in the project to integrate Ethereum-like functionality to the most famous digital currency. RIFLabs, which leads the development of the smart contract platform, marked the date with a report highlighting Rootstock’s achievements in its first year. Among these, the development team says, are 2,900 Github commits, 50 partnerships in key industries like node hosting and supply chain management, and launching the Root Infrastructure Framework Open Standard (RIF OS), which provides the software and infrastructure to streamline dApp development. Meanwhile, Smart Bitcoins (RBTC), the bitcoin-equivalent tokens on the Rootstock network, have entered trading on major exchanges like Huobi and Bitfinex, making it easier for casual users to acquire the tokens. Merge mining-the process by which mining nodes can concurrently solve blocks for both Bitcoin and Rootstock—has risen from 5% to over 40%, an eightfold increase in the security of the sidechain. In a statement, RIF Labs CEO Diego Gutierrez Zaldivar described the anniversary as another step towards greater financial inclusion: The founding motivation of the RSK Smart Contract Network was the creation of the Internet of Value, a network of networks that takes the vision and values of Bitcoin one step further.... There is still much to achieve in the years ahead, but the growth and development we’ve seen with RSK since its official launch last year is a positive message for Bitcoin, RSK, and the ecosystem as a whole despite market conditions. Old Blockchain, New Tricks As the oldest blockchain network, Bitcoin’s programming language is not Turing-complete, meaning it is unable to process the complicated repetitions and loops of more sophisticated programming languages. Although other platforms like Ethereum provide advanced functionality for decentralized applications, Rootstock represents the first effort to incorporate Bitcoin tokens directly into a smart contract. It’s not alone, though, as the past year has seen several efforts to create interoperable cross-chain protocols—most notably by Ark and Wanchain, which successfully side chained itself to Bitcoin and Ethereum last month. A third-party custodian, WBTC, also issues bitcoin-backed tokens on the Ethereum network. “There are still many technical challenges we need to overcome to achieve our goal of financial inclusion across the globe,” said RIF Labs Chief Scientist Sergio Lerner, in a statement. “I only expect our progress to continue in year two, particularly in scaling the RSK blockchain with both on-chain and off-chain improvement proposals, an improved core, and the launch of the RIF OS.” This will allow many advanced dApps to have analogs on the Bitcoin sidechain, including file storage, oracle-like data feeds, and off-chain payments. A scaling solution, described as “Shrinking Chains,” has been proposed by RSKSmart developers to allow the network to handle higher levels of throughput. The author is invested in Bitcoin and Ethereum, which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Rootstock Celebrates A Year Of Milestones appeared first on Crypto Briefing.

3 months ago

The Wanchain team wishes a Happy New Year to all of you. Enj...

The Wanchain team wishes a Happy New Year to all of you. Enjoy the time with friends and family, and best wishes fo… https://t.co/nGqRjvcGll

3 months ago

Bitmain's Large-Scale Lay-offs will Exert Significant Impacts on BCH Mining Industry, Says Dovey Wan

Dovey Wan, former managing director of Danhua Capital and founder of Primitive, commented on the previous report on the large scale layoffs in Bitcoin which could reach 85%. She said that layoffs would have the greatest impacts on BCH customers and mining industry. Besides, she also revealed that the number of people based in Beijing would be reduced from more than 1000 to around 300, and Shenzhen would be reduced from around 700 to 200. (RL)

3 months ago

Rumor: Crypto Mining Giant Bitmain May Purge 50% Of Staffers

Bitmain Could Be In Throes Dovey Wan, a prominent Asian cryptocurrency entrepreneur and insider, recently drew attention to a post on China’s version of LinkedIn (“usually very high accuracy, posted by employees themselves”) that indicates that Bitmain, the Beijing-based crypto mining giant, is ready to begin a drastic layoff. Per the post, Bitmain may begin […]

3 months ago

Loopring (LRC) Protocol is Now Live on the Wanchain (WAN) Network

Wanchain (WAN), a project that focuses on enabling interoperability between different blockchains, has announced that the Loopring (LRC) protocol for decentralized exchange trading platforms is now live on the Wanchain network. The goal of the integration is to help crypto holders switch between various crypto tokens without having to relinquish control of their tokens to a centralized exchange. The Loopring protocol is also currently integrated on the Ethereum, NEO, and Qtum networks. (JF)

3 months ago

Loopring's LRC Token (@loopringorg) has been integrated on W...

Loopring's LRC Token (@loopringorg) has been integrated on Wanchain, marking a new milestone towards a decentralize… https://t.co/OyUDn1K8BG

3 months ago

Maker and Dai Launch on Wanchain's Mainnet

Earlier this week, Wanchain debuted a platform called Wanchain 3.0 which effectively creates a bridge between Bitcoin, Ethereum and ERC-20 tokens. Today, Maker (MKR) and its stablecoin, Dai (DAI) are now available for cross-chain transactions on Wanchain’s mainnet. An announcement from the group explained that DAI token will utilize Wanchain’s cross-chain capacity to allow users to exchange Bitcoin for DAI in a completely decentralized fashion. There is also the possibility that Bitcoin could be added as a form of collateral for DAI stablecoin. Wanchain founder and CEO Jack Lu said, “MakerDAO was the clear choice for us as we aimed to integrate the top stablecoin into our crypto finance infrastructure.” In spite of the incredible news, WAN dropped 9.5% and currently trades for $0.29116. (RS)

3 months ago

Crypto Price Watch: Waves (WAVES) and Maker (MKR) Continue to Showcase Strong Market Support

At press time, around 85% of the world’s top-30 altcoins lay in the red zone, with premier assets such as Bitcoin Cash (BCH), Stellar (XLM), Bitcoin SV showcasing losses of around 10%, 5% and 6% respectively (over the course of the past 24 hours). However, in the midst of all this chaos, crypto coins such as Maker (MKR), Waves and Ethereum Classic (ETC) have continued to rally strong, with the aforementioned currencies gaining 10%, 3%, and 1.5% respectively. What’s Causing MKR to Surge? One of the primary factors that could be behind Maker’s amazing run is the fact that investment fund ‘a16z crypto’ recently bought a whopping 6% of the total MKR token supply for a sum of USD $15 million. As a result of this deal, a16z crypto now owns a tangible stake in the functional decentralized stablecoin (which bytheway makes use of formally verified smart contracts). At this point, it is also worth mentioning that ‘a16z crypto’ is owned and operated by VC firm ‘Andreessen Horowitz’. The aforementioned deal was facilitated by former federal prosecutor Katie Haun (who is now a partner at a16z). Additionally, over the course of the past few weeks, there have been other developments that too have spurred the overall adoption of MKR all across the globe. For starters, the dev team at Opera (the web browsing application) announced yesterday that they had created an all-new lightweight crypto wallet solution that allows users to ‘store and transact’ altcoins such as Dai and MKR using a pre-built extension module on the browser. Amazing to see @Opera for Android browser offer a built-in crypto wallet, allowing you to store and transact with #Dai & #MKR! No additional extensions needed, super cool. https://t.co/kZFvNOXPbo #Web3 — Maker (@MakerDAO) December 13, 2018 Lastly, MKR is also now live on the Wanchain main net. In regards to the matter, the Maker team released the following tweet: “The Dai token will utilize Wanchain’s cross-chain functionality allowing for Bitcoin to be exchanged for Dai in a fully decentralized manner” Can Waves Sustain its Amazing Run? As many of our readers may already know, over the course of the past month or so, the price of Waves has increased quite significantly (with the currency even breaking into the top-30 a couple of weeks back). However, such pump and dumps are quite ordinary within this volatile market and thus it remains to be seen if Waves can continue its amazing performance in the coming few days and weeks. We are excited to announce a long-awaited update of the #Waves Mobile app! Deposit, store and withdraw your #crypto securely, trade your assets on DEX, lease your $WAVES — everything is now available right on your smartphone! Read more about it here: https://t.co/5Qp7YKTa8r pic.twitter.com/y5hsCXj2GV — Waves Platform (@wavesplatform) December 3, 2018 One of the most intriguing aspects of the Waves project is the that by next year, the dev team wants to deploy ‘atomic swaps’ into their native operational module. As a result of using this technology, the Waves ecosystem will not only be able to make asset trading much more streamlined but also make digital altcoin transfers cheaper and more secure. Some of the other key developments in relation to Waves that are worth noting include: Decentralized 2-FA: Once implemented, this technology will help usher in a new era of decentralized security since it allows for the creation of a new layer of internet privacy. Smart assets: In regards to this technology, the Waves team claims that once this feature is live in its final iteration, it will allow devs to create complex smart assets on the Waves blockchain (thus allowing traders to indulge in even more unique financial exchanges). After a month of intensive testing, #Waves team is very glad to announce we are releasing two new and related features on MainNet: Smart Assets and Smart Account Trading: https://t.co/aBypgThvKA Miners, please vote to activate these features!#WavesPlatform #Blockchain $WAVES — Waves Platform (@wavesplatform) December 13, 2018 The post Crypto Price Watch: Waves (WAVES) and Maker (MKR) Continue to Showcase Strong Market Support appeared first on NullTX.

3 months ago

Wanchain (WAN) Integrates Dai Stablecoin with Updated Platform

The Wanchain (WAN) platform and blockchain protocol recently released their version 3.0 update with includes a new integration with the Dai stablecoin by MakerDAO. This integration enables users of the Wanchain wallet to convert their Bitcoin, Ethereum and other tokens in the wallet directly to Dai without the need to go to an outside exchange. Wanchain seeks to create an interoperability solution that links all blockchains, and the integration of “Dai and MKR are critical components in laying the foundation.” (JF)

3 months ago

Announcing MakerDAO's Dai Stablecoin and MKR are Live on Wan...

Announcing MakerDAO's Dai Stablecoin and MKR are Live on Wanchain Mainnet, Bringing ERC20 Interoperability with Bit… https://t.co/gQp1HfcDCR

3 months ago

News courtesy of berminal.com
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