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coineagle · 4 months ago

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BitTorrent (New) (BTT) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Welcome to our in-depth analysis and yearly price prediction for BitTorrent (New) (BTT) for the years 2025 to 2030.

Our purpose in this article is to provide you with a comprehensive outlook on the potential future value of BTT, based on crucial technical indicators and market dynamics.

We will delve into an exhaustive analysis of BitTorrent (New) (BTT), scrutinizing its past performance, current trends, and future possibilities.

The predictions we provide are rooted in a thorough understanding of the cryptocurrency market and the specific factors that influence BTT’s price.

BitTorrent (New) (BTT) Long-Term Price Prediction

Year Lowest Price Average Price Highest Price 2025 $0.02 $0.04 $0.06 2026 $0.03 $0.06 $0.10 2027 $0.02 $0.04 $0.08 2028 $0.01 $0.03 $0.05 2029 $0.03 $0.06 $0.10 2030 $0.04 $0.08 $0.12

BitTorrent (New) Price Prediction 2025

In 2025, the lowest price could reach $0.02 due to market fluctuation and minor corrections. Despite this, the average price is expected to rise to $0.04 due to the increased adoption of cryptocurrencies, positive regulatory frameworks, and overall growth in the tech sector.

The highest price could reach $0.06, resulting from the potential Ethereum ETFs’ impact, which would drive considerable investment into altcoins.

BitTorrent (New) Price Prediction 2026

In 2026, the lowest price could reach $0.03 given sustained growth, with an anticipated surge in new adaptable tech developments.

The average price could double to $0.06 due to the continued maturity of crypto markets while advancements in Bitcoin and Ethereum ETFs will likely push the highest price to $0.10.

BitTorrent (New) Price Prediction 2027

In 2027, the lowest price might drop back down to $0.02 during the expected correctional phase.

However, it is expected that the average price could maintain at $0.04 as the market recovers and adjusts.

The highest price might decrease slightly to $0.08, reflecting the typical cooldown phase following a growth cycle.

BitTorrent (New) Price Prediction 2028

For 2028, the lowest price might dip to $0.01 due to prolonged effects from the previous correctional cycle.

Still, a steady recovery could see the average price rise to $0.03. Nevertheless, the highest price might still attain $0.05, indicating signs of an imminent growth stage.

BitTorrent (New) Price Prediction 2029

In 2029, renewed growth in the market could push the lowest price to $0.03 and the average price to $0.06.

Additionally, should favorable regulations persist along with tech sector growth, the bullish trend could resume and lift the highest price to reach $0.10.

BitTorrent (New) Price Prediction 2030

By 2030, the lowest price might rise to $0.04, reflecting sustained growth and greater market stability.

The average price might hit $0.08 considering growing mainstream acceptance and usage of cryptocurrencies.

With positive factors coming into full effect, the highest price might reach up to $0.12 due to increased levels of investments flowing into altcoins.

BitTorrent (New) (BTT) Fundamental Analysis

Project Name BitTorrent (New) Symbol BTT Current Price $ 0.00000086694127 Price Change (24h) -1.23% Market Cap $ 839.4 M Volume (24h) $ 20,802,922 Current Supply 968,246,428,571,000

BitTorrent (New) (BTT) is currently trading at $ 0.00000086694127 and has a market capitalization of $ 839.4 M.

Over the last 24 hours, the price of BitTorrent (New) has changed by -1.23%, positioning it 80 in the ranking among all cryptocurrencies with a daily volume of $ 20,802,922.

BitTorrent (New) Technological Innovations

BitTorrent (New), known as BTT, has several unique technological innovations that set it apart from the competition.

Firstly, BitTorrent Speed, a product that facilitates faster file download times through its decentralized platform and the use of BTT tokens. This solves a longstanding problem of slow download times that have plagued traditional peer-to-peer networks.

Another innovation is Project Atlas, a bridge between BitTorrent and Blockchain, to tokenise the world’s largest decentralized file-sharing protocol. This enhances the BitTorrent protocol to extend more value to users and to drive mass adoption of blockchain.

Strategic Partnerships

BitTorrent (New)’s partnerships significantly strengthen its ecosystem.

For instance, its integration with TRON enhances the robustness and potential of its distributed platform. Another significant partnership is with DLive, a blockchain-based content sharing platform, which fosters the use of BTT tokens.

Partnerships with other key industry players like CoinPayments and CoinGate simplify payment processes, thereby promoting wider adoption and utility of BTT.

Sustainability of BitTorrent (New)’s Competitive Advantage

BitTorrent (New) has to continually innovate to maintain its competitive dominance in the rapidly evolving cryptocurrency market. This involves staying abreast of market trends, adapting to new technologies, and responding to regulatory landscape shifts.

A key part of this strategy includes utilising blockchain to decentralize internet content, which addresses net neutrality issues and improving user experience.

Community Engagement Initiatives

Community engagement is a key priority for BitTorrent (New), and it employs several strategies to build and engage its community. This includes regular updates and engaging posts on social media platforms like Twitter, Facebook and Reddit, as well as hosting numerous AMAs (Ask Me Anything) sessions.

Furthermore, the brand has an active Telegram group, allowing for real-time communication and engagement with users.

BitTorrent’s efforts towards community growth and engagement are critical for fostering a strong base of active BTT token users, which is essential for the project’s overall success and adoption.

Overall, BitTorrent (New) offers significant advantages regarding technological innovations and strategic partnerships in the crypto environment.

Its ability to adapt to market trends and new technologies, along with its strong community engagement strategies, contribute to its strong competitive positioning, and promising future in the crypto landscape.

BitTorrent (New) (BTT) Technical Analysis

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Technical Analysis refers to the method where price patterns and market trends are studied primarily through charts, aiming at predicting future price movements.

When predicting BitTorrent (New) prices, Technical Analysis is crucial as it provides an understanding of the market sentiments, indicating when it’s the optimal time to buy or sell:

Moving Averages: It’s a trend-following indicator, smoothing out price data by creating a continually updated average price. In essence, when the price of BTT is above the moving average, it denotes a bullish trend, while a price below the moving average indicates a bearish trend.

Relative Strength Index (RSI): RSI compares the magnitude of recent gains and losses over a specified time period to measure speed and change of price movements. The RSI value can be a signal to buy BTT when it is below 30 (oversold) and sell when it is above 70 (overbought).

Volume: It’s a measurement of the quantity of a given cryptocurrency traded within a specific period. A sudden surge in volume can indicate a price movement in BitTorrent (New) driven by significant investor interest, which might lead to a large price swing.

BitTorrent (New) Price Predictions FAQs

What is BitTorrent (New)?

BitTorrent (New), also known as BTT, is a cryptocurrency built on the Tron blockchain. It is integrated into the popular µTorrent Windows client, aiming to incentivize BitTorrent protocol users to offer infrastructure services such as file seeding and hosting in return for the cryptocurrency.

Is BitTorrent (New) a good investment?

Investing in any cryptocurrency, including BitTorrent (New), comes with its risks, as the crypto market is highly volatile.

Therefore, potential investors should carry out extensive research and consider various market factors and personal risk tolerance before investing.

What are the future price predictions for BitTorrent (New)?

The future price predictions for BitTorrent (New) vary significantly amongst analysts. Some predict steady growth based on its rising adoption and the growing popularity of decentralized file sharing.

However, predicting exact future prices is uncertain due to the volatility of the cryptocurrency market.

Where can I buy BitTorrent (New)?

You can buy BitTorrent (New) from various cryptocurrency exchanges that list the coin.

Some of the popular platforms include Binance, Huobi Global, and OKEx.

Before purchasing, ensure the exchange operates in your jurisdiction and always secure your investments properly.

What is CoinEagle.com?

CoinEagle.com is an independent crypto media platform and your official source of crypto knowledge. Our motto, “soaring above traditional finance,” encapsulates our mission to promote the adoption of crypto assets and blockchain technology.

Symbolized by the eagle in our brand, CoinEagle.com represents vision, strength, and the ability to rise above challenges. Just as an eagle soars high and has a keen eye on the landscape below, we provide a broad and insightful perspective on the crypto world.

We strive to elevate the conversation around cryptocurrency, offering a comprehensive view that goes beyond the headlines.

Recognized not only as one of the best crypto news websites in the world, but also as a community that creates tools and strategies to help you master digital finance, CoinEagle.com is committed to providing you with the necessary knowledge to win in crypto.

Disclaimer: The BitTorrent (New) price predictions in this article are speculative and intended solely for informational purposes. They do not constitute financial advice. Cryptocurrency markets are highly volatile and can be unpredictable. Investors should perform their own research and consult with a financial advisor before making any investment decisions. CoinEagle.com and its authors are not responsible for any financial losses that may result from following the information provided.

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ailtrahq · 1 year ago

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APENFT is a platform that aims to connect top artists and Blockchain Technology. It supports NFT artworks and artists on multiple blockchains, such as TRON, Ethereum, and BSC. It uses the BitTorrent File System for decentralized storage of NFT data. APENFT is a popular and growing NFT platform. The maximum Market cap of APENFT (NFT), if all 1 Quadrillion NFT tokens were available today, is $314,959,201. This is the Cryptocurrency’s fully diluted valuation (FDV). However, not all NFT tokens are in circulation yet, as they are released gradually over time. This means that the actual Market cap of APENFT (NFT) may be lower than the FDV. According to [CoinGecko], it may take years for the FDV to be attained. APENFT crypto plummeted by 0.52% in Market value and by 5.34% in Trading volume in the last 24 hours, as per CoinMarketCap which is a crypto data and Information website. Its Market value is $312.66M and its Trading volume is $12.76M. There are 990.11 NFT crypto in circulation. Moreover, NFT did not perform well this month as it fell by 2.39% and by 27.83% in the past six months. Also, the year-to-date return of NFT Price is negative with a 27.45% decline. Technical Analysis of NFT Crypto 1-Day Timeframe The NFT crypto Price has been plummeting since last year by 45.61%, losing its value and creating lower highs and lows and descending. The NFT crypto Price is facing a lot of selling pressure and dropping every day. The bears are dominating and the Price is not able to recover. The NFT is moving in a parallel channel and declining. The NFT crypto Price might keep falling and reach or break the support levels of $0.00000030 and $0.00000029 if it does not maintain the current level and drops more. On the other hand, if the Price holds at the CMP level and breaks above the trendline, then it might reach the nearest target resistance levels of $0.00000032 and $0.00000033. Source: NFT/USD.1D.BITFINEX by TradingView At the time of publishing, APENFT (NFT) is Trading below 50 and 100 EMA, showing bearishness on daily charts. RSI is around 44 that turned bearish and MACD indicates bearishness to consolidation. Collectively, the indicators’ view is consolidating to bearishness. Conclusion The NFT crypto Price prediction shows a consolidation to a bearish outlook and a lack of confidence from investors and traders in the daily time frame. APENFT Price action reveals a consolidation to a bearish trend at the time of writing. Moreover, the most popular and reliable technical indicators such as RSI, EMA, and MACD suggest that the consolidation to a bearish trend will continue in the daily time frame chart for the Price. Technical Levels: Support levels: The nearest support levels are $0.00000030 and $0.00000029. Resistance levels: The nearest resistance levels are $0.00000032 and $0.00000033. In this article, the views and Opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the Investment, financial, or any other advice. Trading or investing in Cryptocurrency assets comes with a risk of financial loss.

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bowsetter · 5 years ago

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Big Name Announcements Will Not Save Your Blockchain Project

At the peak of the ICO bubble it was a common tactic for project promoters to use big name announcements to pump their tokens. Every day we would hear about a new venture that supposedly signed a partnership with a global brand such as Microsoft or Google, to make us think that these tech giants were backing the idea. In reality most of the time it was just a trivial matter such as allowing the project to use free services from the tech giant, as countless other startups do. The tactic is still used today and crypto investors need to keep in mind that it is not a guarantee for success.

Also Read: Low Interest Rates Are Crushing Young People and Fueling Global Riots

Big Name Pumping

As if crypto investors have learned nothing over the past few years, some project promoters continue to try and push their tokens with announcements about big name partnerships. These normal business agreements can be used sometimes to hint, insinuate or even predict a price rise of a related token in an irresponsible way. Companies and startups make a lot of agreements to cooperate with one another and these are not a guarantee of a deal that will bring in more money or users.

Additionally, doing so isn’t just potentially misleading to investors – it can also be very detrimental to the projects themselves. Authorities around the world such as the U.S. SEC and Chinese financial regulators are actively seeking to make examples out of ICOs and crypto ventures to tarnish the whole industry as promoting unregistered securities. Making grandiose partnership statements with the intended purpose of pumping a token is providing them with ammunition.

#TRON will partner with a hundred billion USD megacorporation next week. It will not only benefit $TRX but all TRC10&20 tokens including $BTT & $WIN etc. It will broadly distribute #TRON Dapps and tokens to billions of customers. TBA. Make a guess?

— Justin Sun (@justinsuntron) October 25, 2019

A notable recent example came from Tron founder Justin Sun. Last week he tweeted about a deal with a hundred billion dollar “mega corporation” that will “benefit” the native tokens of Tron, Bittorrent and Wink. Many traders indeed responded positively to the news by buying the coins, despite widespread cynicism on crypto forums about all the previous hype from the Tron founder. On Tuesday he revealed that the company’s blockchain is now integrated with the Samsung Blockchain Keystore SDK, meaning that smartphone app developers can build services running on the system like they already can with its main competitor, ETH.

High Profile Partnerships Are No Guarantee for Success

Cryptocurrency investors need to keep in mind that all ventures in this ecosystem are highly risky investments and there is no certainty that the ICO token or other digital asset you invested in will be still valuable in two or three years. The absolute majority of technological startups in all fields don’t survive, with venture capital industry estimates of over 90% failure rate.

This can be despite having a smart team, brilliant idea or great technological innovation. At the end of the day, what matters for all businesses is if you can get enough paying costumers to cover the bills and make a profit. Without this you are just burning investors’ money until further investment comes in or you have to shut down. Partnerships that don’t bring in new money or paying clients won’t change that.

In the digital assets field in particular, with the lingering effects of crypto winter, many projects that once seemed promising are these days find themselves forced to shut down. A recent example of this is Platin, a secure Proof of Location protocol which incentivizes nodes at scale by means of its own blockchain-based token. On Monday the team announced on Medium that the company will be shutting down on November 1, 2019, after which all services will no longer be available. This is despite all the recognition from big names it got over the last two years.

“Japan noticed as Platin was selected by the Tokyo Metropolitan Government as one of the world’s leading blockchain innovations. Germany noticed as its Startup Autobahn selected Platin to showcase proof of location to Mercedes Benz, Rolls Royce, Porsche and other automotive giants,” the final letter from the team recounted. “IBM noticed as it selected Platin for its AlphaZONE technology accelerator. The European Space agency noticed as they admitted Platin to the Galileo Positioning System Task Force. EOS and Block.one noticed as they invested in Platin and showcased our technology on the world stage.”

However, at the end the founders explained that “One of the biggest challenges we faced was how to continue pushing forward while our resources were dwindling and turbulent market forces weren’t providing a stable environment in which to operate. We did everything in our power to extend Platin’s operations as far as we could, month after month, continually bootstrapping in the face of great uncertainty. In addition to developing Platin’s visionary technologies, we worked hard every day to secure the next round of funding, which always seemed to be just around the corner. Unfortunately, we weren’t able to get there in time.”

What do you think about big name partnerships in the crypto industry? Share your thoughts in the comments section below.

Op-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

The post Big Name Announcements Will Not Save Your Blockchain Project appeared first on Bitcoin News.

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#cryptocurrency #cryptocurrency news #bitcoin #cryptocurrency market #crypto #blockchain #best cryptocurren

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cryptonewsgap · 2 years ago

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Crypto news, Tron: Can these new updates help TRX climb up the price ladder

Tron [TRX] recently made an achievement as it nabbed the third spot in the list of the most influential BTT in one month. BTT is a TRON TRC-10 cryptographic token. Here’s AMBCrypto’s Price Prediction for Tron (TRX) for 2023-24 In order to transfer computer resources between BitTorrent clients and a market of service requesters and suppliers, BTT aims to serve as a general-purpose…

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#crypto news #crypto news today #cryptocurrency #cryptocurrency news #cryptocurrency news today

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virtualrebelcoffee · 3 years ago

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BitTorrent Price Prediction 2022: Should You Invest in BTT Crypto?

Before going into BitTorrent Price Prediction let’s get some overview, BitTorrent is one of the most popular file-sharing protocols in history. It was developed to help users download files in a decentralised format more quickly. The Tron Foundation, the company behind the Tron blockchain, purchased the BitTorrent client in 2018. Under new ownership, the BTT token was created to provide a means…

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#blockchain #BuyUcoin Blog #crypto #Cryptocurrency #IFTTT

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ecogreenlux · 3 years ago

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WHAT are YOUR TOP 10 cryptocurrency choices for this 2021 Bull Run / Altcoin Season??? LIST YOUR LIST BELOW dear crypto friends >>> 💸 FlyingHighCrypto TOP 10 Portfolio - NO ORDER 🌞 Cardano ADA ✨ 🤖 SingularityNET AGI ✨ ⚙️ VeChain VET 🧬 Decentraland MANA ✖️ Ripple XRP 💰 Reef Finance REEF 🔺 Amp Token AMP 🔘 Bitcoin BTC 🔷 Ethereum ETH 🌝 Dogecoin DOGE PLEASE FEEL FREE TO SHARE YOUR TOP 10 COIN CHOICES WITH PRICE PREDICTIONS FOR EACH OF YOUR FAVE COINS IN THE COMMENTS!!! THANK YOU in advance for sharing and showcasing your portfolio picks... Keep inspiring crypto rockstars!🦾👽🚀🚀🚀🌝 p.s. Altcoin Gem of the week: BitTorrent BTT (What's yours???) SUBSCRIBE to our NEW YouTube Channel to get & stay educated to make more money in the cryptocurrency space: www.FlyingHighCrypto.com JOIN our Instagram page here: www.instagram.com/flyinghighcrypto #flyinghighcrypto https://www.instagram.com/p/CO3EE_WB7Tc/?igshid=9bz3svq4ub21

#flyinghighcrypto

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coinwealth · 3 years ago

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Exchange listings and mainnet launch boost SUPER, PBR and BTT price

The cryptocurrency market is back in high spirits on Dec. 7 after the wider market bounced back from the Dec. 3 downturn in Bitcoin (BTC) price. Currently, bulls are aiming to send the price of BTC above the $52,000 support/resistance level and Ether (ETH) is trying to reclaim $4,400 but both assets are encountering push back at overhead resistance.

Even with BTC and ETH consolidating, traders’ change of sentiment has been a boon for altcoins and many have seen gains in excess of 50% within the past 24-hours.

Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and TradingView shows that a few of the biggest gainers over the past 24 hours were SuperFarm (SUPER), PolkaBridge (PBR) and BitTorrent (BTT).

SuperFarm lists on Coinbase

SuperFarm is a cross-chain protocol that combines decentralized finance (DeFi) and nonfungible tokens (NFTs) to create an ecosystem where NFT creators, collectors and traders can interact in an open marketplace.

Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $1.02 on Dec. 6, the price of SUPER surged 81% to a daily high at $1.81 on Dec. 7 as its 24-hour trading volume spiked 500% to $323 million.

SUPER/USDT 4-hour chart. Source: TradingView

The run-up in the price of SUPER comes after the token listed on Coinbase alongside PolkaStarter (POLS) and Spell Token (SPELL).

Related: Coinbase adds ‘ETH2’ despite tomorrow’s Ethereum upgrade postponing difficulty bomb

PolkaBridge opens registration for IDOs

PolkaBridge is a decentralized multichain protocol designed to work as the primary bridge between Polkadot and other networks. The platform also supports an all-in-one platform that includes an automated market maker (AMM) with farming, lending, token launchpads, prediction markets and an NFT marketplace.

Data from Cointelegraph Markets Pro and TradingView shows that after reaching a low of $0.85 on Dec. 6, the price of PBR catapulted 99.4% to reach a daily high of $1.71 on Dec. 7 as its 24-hour trading volume increased 80% to $10.2 million.

The quick turnaround in PBR price comes as the platform opened registration for several upcoming initial decentralized exchange offerings that require users to stake at least 10,000 PBR tokens to qualify for an allocation.

BitTorrent prepares for its mainnet launch

BitTorrent is an established peer-to-peer file sharing and torrent platform that has been making a shift toward a more decentralized design over the past couple of years after being integrated with the Tron ecosystem.

VORTECS

data from Cointelegraph Markets Pro began to detect a bullish outlook for BTT on Dec. 4, prior to the recent price rise.

The VORTECS

Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS

Score (green) vs. BTT price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS

Score for BTT climbed into the green zone on Dec. 4 and reached a high of 82 around 29 hours before the price increased 75% over the next day.

The building momentum for BTT comes as the project is making its final preparations for the launch of the BitTorrent Chain mainnet, which will include a token redenomination plan where current BTT holders will receive 1,000 new BTT tokens for each old BTT held in their wallet.

The overall cryptocurrency market cap now stands at $2.384 trillion and Bitcoin’s dominance rate is 40.7%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

source https://usapangbitcoin.org/exchange-listings-and-mainnet-launch-boost-super-pbr-and-btt-price/

source https://usapangbitcoin.wordpress.com/2021/12/08/exchange-listings-and-mainnet-launch-boost-super-pbr-and-btt-price/

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superdenial11 · 4 years ago

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Is Tron a Good Investment?

The idea of the 26-year-old Justin Sun, who is the CEO and founder of Tron TRX, has flourished in a short time span to become $0.047341. Tron’s price has now doubled up in just a period of three months so one can assume the kind of supporters it has which originated as an ERC-20 token in the year 2017. Tron coin price prediction could be uncertain but many experts believe that this is an ALTcoin that is constantly going up and is one of the famous cryptocurrencies.

The motto of Tron is to build decentralized applications. Started in 2017 in Singapore, it was initially started on Ethereum, and eventually, Justin was able to migrate it to his blockchain in 2018. The Tron foundation purchased BitTorrent in 2018, which helped them further to pursue the dream of a decentralized ecosystem. In 2019, a partnership was called upon between Tron and Tether to improve the liquidity of decentralized exchanges and they launched USDT on Tron blockchain. The launch of USDT on the Tron blockchain was as a TRC-20 token and is also equivalent to an ERC-20 token which is a token standard for Ethereum.

#Tron a good investment #Tron coin price prediction

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tipco613 · 4 years ago

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New Post has been published on http://cryptonewsuniverse.com/trons-defi-ecology-is-increasingly-popular-what-can-it-offer-to-cell-protocol/

Tron's DeFi Ecology is Increasingly Popular What Can it Offer to Cell Protocol?

Tron’s DeFi Ecology is Increasingly Popular, What Can it Offer to Cell Protocol?

If the king of digital currency in 2019 is IEO, then the award shall go to DeFi in 2020. Ever since the Bitcoin block reward halved in May this year, the focus of the entire digital currency market has shifted to DeFi.

According to statistics from DeFi Market Cap, on April 14, the total market value of DeFi reached US$1 billion; on June 9, the market value reached US$2 billion; on June 25, the value exceeded US$6 billion; on July 5th, the number reached $7 billion. In terms of the total market value, the scale of lock-up, and the DeFi related token price, DeFi have shown rapid growth.However, with the rise of DeFi, problems occurred: 1) Incomplete blockchain infrastructure needs to be strengthened. 2) Whether market applications can truly attract users and create value remains to be tested 3) Building a DeFi ecosystem requires a two-way choice between projects and public chains. Faced with these problems, Tron has offered us an effective solution, a Tron DeFi ecosystem. In recent months, Justin Sun has been working hard to promote Tron’s DeFi ecosystem, triggering a big number of projects launch on Tron, despite that they have launched on ETH already. During that period, Justin Sun released the lending platform JUST Lend, TRON wBTC JUST BTC and the decentralized trading platform JUST Swap all in one go, completing the DeFi ecosystem in Tron.

Compared with the high handling fee in ETH, the DeFi projects in Tron is much user-friendly with a little handling fee, attracting many users. In addition, Tron’s two major user traffic portals, BitTorrent and Tron version of USDT, are both large user traffic, and the traffic of Tron APP always ranks top among all public chains, offering a huge user base to the DeFi projects on Tron. More importantly, Tron claims to be one of the few public chains that can deploy smart contracts POS mechanisms while be compatible with the public chain of the Ethereum virtual machine. Therefore, if those DeFi projects on Ethereum wish to transfer to Tron, they only need to pay a little fee. Based on Tron’s official statement, it may take about half a year for a project to move from ETH to another public chain, yet it only takes one or two weeks to move to Tron. The rapid transfer speed, huge user base, and perfect infrastructure have made Tron popular. Many projects are looking forward to seizing the opportunity to become a part of the ecosystem, and Cell is one of them. Recently, the Cell Protocol team released its white paper, indicating that Cell Protocol will launch Tron DeFi ecosystem soon.

Cell is a decentralized oracle network based on blockchain technology. The Cell oracle addresses the problem of price up-chaining through a decentralized incentive scheme, the Price Oracle. At present, the quotation mode of mainstream oracles on the market is basically uploaded by nodes and verified by voting, with the biggest drawback of lacking a guarantee of the correctness of the uploaded price. In a decentralized world, any risk of centralization may cause the entire system to collapse. Unlike the other oracles that obtain data from trusted third parties outside the chain, Cell’s incentives allow prices to be formed directly on the chain. Participants of the Cell protocol need to invest real money to be responsible for their own words, and the agreement will also encourage those who are brave enough to speak. No authorization is required for the quotation system: anyone is free to enter or exit to participate in the quotation without system verification, and the arbitrageur can take the order to verify, and then the agreement generates accurate oracles quotations based on algorithms. To put it simply, after the certifier price of the target asset is quoted, if there is a gap between the price and the quotation of the mainstream exchange, others will have an arbitrage incentive to eat the bill. In this way, it can encourage the miner to provide the most accurate price. At the same time, no eaten order means no-arbitrage space and the quotations will be close to mainstream exchanges. Therefore, these quotations will eventually be adopted by the system based on certain algorithms to form accurate price data. As the core competitiveness of Cell, Cell’s quotation system can solve industry problems such as lack of price facts on-chain. After joining Tron’s DeFi system, Cell can have a greater value and more potential for growth.

Based on Tron, users can enjoy extremely low handling fee.

In a UniSwap transaction on DeFi based on Ethereum, the required fee has risen from a few dollars to ten dollars, twenty dollars, and sometimes even as high as one hundred dollars. As for other DeFi contract calls, the cost is even higher. Such a high transaction fee has become a barrier for beginners and users with small token amounts. However, on Tron, each transaction consumes about 1 TRX only, aka $0.03, which is only around 6/10000 of the gas fee on ETH. In addition, the TPS of Tron is 200 times better than that of Ethereum, and the cost is less than 1%. In other words, the high congestion/high gas rate will never happen on TRON. As Cell is based on Tron and users can enjoy a faster network and lower transaction fees.

The design is more decentralized, and the prices obtained through incentives are more authentic.

Cell oracles adopt market game theory. In the cell protocol ecology, there is a mutual game between quoters and verifiers, and their identities can transform at any time over time. Unlike other oracles that obtain data from trusted third parties outside the chain, Cell’s incentives measure makes prices directly formed on the chain, making the Cell oracles more resistant to attacks, more decentralized, and ensure that the on-chain prices are closer to market fairness price.

No pre-mining, Tron DeFi ecosystem is in need of price oracle

Cell oracle does not predict the motivation of participants, so the cost of doing evil needs to be considered. This is also the main starting point for designing an incentive mechanism based on the game in the system. Due to the existence of arbitrageurs, after the perpetrators reported false prices in the system, they were quickly traded by the arbitrageurs, and the funds required to quote again were doubled. It can simulate the cost of doing evil increases exponentially. In the token distribution, all coins are released through the Cell price feed, and the distribution ratio is high. As oracle is very important to DeFi and Tron DeFi is in lack of a price oracle to resist market fluctuations, Cell launched the market in the right timing! In addition, Tron attaches great importance to DeFi. As early as 2019, Tron began to deploy DeFi infrastructure and made it fully compatible with Ethereum. Cell’s launch can receive great technology and user base support from Tron. Tron is planning to play big and every upgrade of Tron is an opportunity for the Tron DeFi ecosystem. Therefore, I believe that Cell Protocol will have great performance with the support of Tron. Let’s look forward to the future development of Cell!

Article Produced By Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He is the founder of Blockmanity. He trades cryptocurrencies and holds some but he prefers holding USDT.

https://blockmanity.com/news/tron/trons-defi-ecology-is-increasingly-popular-what-can-it-offer-to-cell-protocol/

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evanvanness · 4 years ago

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Annotated edition for the June 7, 2020, Week in Ethereum News

Here’s the most clicked for the week:

Here’s the things I’ll highlight for Eth holders who want to keep up to date without getting too far down into the weeds.

Danny Ryan: the state of Eth2

Loopring Pay is live. Free, instant Eth/token transfers on Loopring’s zk rollup

Deversifi went live on mainnet using StarkEx’s engine and offchain data (kept by a consortia) for 18000 transactions per second

Defi will do to banks what the web did to newspapers

Certainly the must read of the week is Danny Ryan’s attempt to communicate the bigger Eth2 picture by writing it down in one place. It’s a great read, though perhaps on the long side if you’re not a hardcore enthusiast - as it also addresses side issues like how Stateless Ethereum fits into Eth2.

As a community, Ethereum needs to improve on communication: one tiny thing we could do is break it up into bite-size chunks and spoonfeed it via Twitter in order for people absorb it all.

[Sidenote: I often think this about podcasts as well. People always say things like “how do I get involved?” One thing to do is simply to listen to podcasts, write down everything you learn into a blog post, and then make a tweet storm out of that blog post.]

Meanwhile, Loopring made it free to transfer on their rollup. Right now, this means you go into their dex and click transfer in order to send it to someone else who is on Loopring’s dex. This was relatively easy for them to do (or so I say from my armchair) because a transfer is just half of a dex trade. For now, the feature is free - so if you have ETH or tokens on Loopring’s rollup, you can transfer back and forth for free as much as you want.

Deversifi went live with “18000 transactions per second” or “9k trades per second” because of the same reason: a trade is 2 transactions. This off-chain data proven with zero knowledge proofs had been called various things (Plasma, rollup, ZK plasma, rollup with offchain data, etc) but now it seems like folks are using the Validium term.

Validium or “Offchain data” means that Deversifi and StarkWare don’t publish any data to the chain, but they also have a committee holding the same data which can publish the STARK proof to the chain if necessary. It’s a big upgrade on a traditional centralized exchange, even though Loopring and Deversifi feel the same as a centralized exchange. It’s important to understand some of the attack models (see layer2 section below) though the attack vectors look much harder than in a centralized exchange.

Finally, DeFi will do to banks what the web did to newspapers. In some number of years, everyone will look back on this as obvious.

I remember reading Gannett’s annual report in the mid 90s, as I was considering investing my meager lawnmowing money ($30 a trade I had to pay for my ~$200 stonk investments. Teenage me was clearly not as good at math and finance as he thought). Gannett seemed like a great business (and it was!), but the fact that newspapers were already for free online just kept me from ever putting money in.

Things start out looking like toys. They’re hard to use, they’re risky, they don’t have many users. Then the next thing you know it, they’re the incumbents.

Eth1

Expectations and limitations of upcoming Turbogeth release

Compilation of the history of account abstraction work

YOLO testnet is live – an ephemeral testnet to try to break EIPs for the upcoming hardfork

Since publication, the Turbogeth post has been updated with some pretty graphs. tldr stats: syncing with Turbogeth should sync in a few days and use just 700 GB of disk space for an archive node.

Account abstraction is the idea of making Ethereum smart contract wallet addresses and “normal” addresses essentially be the same thing. It’s been talked about since the early days, though stuff has always gotten in the way.

Eth2

Danny Ryan: the state of Eth2

Latest Prysmatic client update. Syncing to spec, adding eth1 clients, relaunch testnet plans

Teku: an Eth2 client for enterprise

Stats from crawling Eth2 testnets

More eth2 validator agent based simulations in CadCAD

A guide to testnet staking with Nethermind and Lighthouse

I expect there to be lots more step-by-step guides to staking on testnets as we continue to get closer to launch.

As Danny called out in his post

if there is more than one viable and secure client, it is your duty to run minority client software to promote a healthy distribution of client software on the network.

So test a few clients. Read the audit reports.

Layer2

Deversifi went live on mainnet using StarkEx’s engine and offchain data (kept by a consortia) for 18000 transactions per second

Offchain data with zk proofs is now being called Validium

What is the difference between zk rollup (data onchain) and Deversifi’s Validium (data offchain)?

An attack illustrating Validium trust assumptions

StarkWare demo of onboarding 1.3m Reddit accounts onto Eth using Validium

OMG goes live with their More Viable Plasma implementation (running POA for now); Bitfinex integrated USDT on OMG

Loopring Pay is live. Free, instant Eth/token transfers on Loopring’s zk rollup

As mentioned above, Layer2 was the thrust of the week, and there is more coming soon.

Just in time! Those gas fees continue to be absurd. For the last few weeks, they’d been coming down a bit on Friday and Saturday night (Texas time, of course), but this weekend they did not. Fees go through the roof when demand outstrips supply even by a little bit, so there is some glimmer of hope now that a popular Russian ponzi has apparently died. But still, at the time of writing, you’re looking at a 30gwei fee to get your fee confirmed in the next few minutes.

I’d be up for temporarily bumping the gaslimit. It seems like a reasonable thing to do.

The first layer2 which gets significant liquidity will be a big deal in reducing tx volume. The tech now works, now it’s time to make it happen.

This newsletter is made possible by Celer!

Celer is a coherent layer-2 scaling platform on Ethereum powered by Generalized State Channel Network and Hybrid Rollup technology. Real money games built using Celer’s gaming-focused SDK just reached top #15 ranking in App Store. You can easily set up and join Celer’s growing layer-2 State Channel Network to support Ethereum’s layer-2 scalability. Follow us on twitter, blog, discord and telegram.

Stuff for developers

Solidity v0.6.9 adds SMT-checking to solc-js, allows calldata for all variables and provides a mechanism to specify an import directory.

Testing the effects of a call in Waffle

Buidler v1.3.6 adds Solidity v0.6.x

Sourcify decentralized automated contract verifying service

Covalent’s DeFi SDK for historical data

VS Code extension to write DeFi applications in NodeJS

Using Dapphero for your frontend

How Aragon minimized gas costs for Aragon Court

Loredana’s Taylor lisp-like language is on four testnets

Austin Griffith’s tutorial on building a simple decentralized exchange

Tornado Cash integrates Chainlink gas price oracles for TOR users

Verifying merkle multiproofs in Solidity

Trail of Bits found 20 bugs fuzzing the Solidity compiler

I thought it was pretty neat to use of Chainlink oracles to get around the fact that prices wouldn’t update through TOR

i just realized I spelled it “buidling a simple decentralized exchange” in the original publication. Freudian slip? I fixed it now.

EthPM and Sourcify are both things that should be getting more adoption in our ecosystem but as of yet have not. Coordination problems are real.

Ecosystem

ETHGlobal’s HackMoney finalists and all sponsor prize winners

Receive email notifications to renew your .eth names

1inch releases Chi, an optimized gastoken

If you bought ENS domains when they came out, remember that they expire soon. Go sign up to get an email.

Lots of neat things came out of HackMoney. My judging panel didn’t have any make the final 10, and yet I was very impressed with all the projects that presented to me.

To go with the enterprise section immediately below, I was having a conversation today about how big businesses often can’t hold ETH, much less tokens. Thus what enterprise needs to use mainnet is a relayer that has predictable transaction prices.

Basically someone buys a bunch of 1inch’s Chi gastoken and then can sell an enterprise-friendly relayer so that enterprises can buy $1000 worth of “cloud subscription fees” (ahem, ETH) and then get their transactions relayed at any gas price.

Something like this would probably use any.sender as well to make sure that it got transactions included in the specified timeframe at the lowest cost.

Enterprise

Newly updated client specs for Enterprise Ethereum from the EEA

Federal Reserve Chairman says AMERIBOR (built on a private Eth chain) meets the benchmarks for a reference rate, though “it may not be a natural fit”

There was a boomlet around Chairman Powell mentioning AMERIBOR, but if you actually read the letter, it was a bit less sanguine.

Lots of the crypto media will breathlessly run anything at full hype level.

DAOs and Standards

Democracy Mars: a DAO to fund Mars-related projects

ERC2696: JavaScript ‘request’ method RPC transport

ERC2700: JavaScript Provider Event Emitter

Application layer

Synthetix adds liquidations

Maker adds TUSD and USDC-B (a second set of collateralization parameters for USDC aimed at emergency situations)

Satellite – sign data with your Eth address, with data distribution on IPFS and BitTorrent

Simplified pricing for Nexus Mutual

View keys for Tornado Cash to show origin of funds

Abritrary what % is DeFi? I get 3/5.

A couple people pointed out that I counted wrong last week. A ha! That’s why I always say it’s arbitrary - I could certainly count Tornado Cash as DeFi, but this time I didn’t.

And also because if I count incorrectly then I can just say it was arbitrary.

Tokens/Business/Regulation

Defi will do to banks what the web did to newspapers

Opyn put options as a trading strategy

Kaiko launches historical tick-by-tick order book data for Coinbase, Bitfinex, and Bitstamp

Better backtesting is pretty neat.

General

MyCrypto’s mnemonic phrase explainer

Bobbinthreadbare’s STARK-based VM has more instructions

Multi-scalar multiplication ZK study club video

Haseeb Qureshi’s latest installment of his intro to crypto class

Matic Network is now live

Brave hits 15 million monthly active users and 5m daily

Respect to folks who continue to push out great educational materials like MyCrypto’s mnemonic explainer and Haseeb’s class.

Brave got a bunch of pushback this week when someone discovered that they were adding an affiliate code when you typed binance.us into the url box. They quickly corrected. Despite that, it was impressive how riled up people got over basically nothing.

It was a mistake, they quickly admitted it. Doesn’t make sense to add it into the URL, but it literally costs you nothing as a user. If you lived through the meteoric rise and fall of Netscape in the mid90′s, you know that browsers aren’t a super easy business. People should probably relax a little - and Eth folks should be especially understanding of one of the most mainstream uses of a crypto token.

People often talk about privacy being Brave’s biggest selling point. But by blocking so much JavaScript and autoupgrading you to https, I consider security to be a more important selling point than privacy. And saving me on bandwidth, battery use, CPU cycles, etc etc. I love that.

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I’m going to be announcing a bunch of things soon. Paid annotated version with two tiers, podcast, probably some things in this newsletter as well. Stay tuned.

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Housekeeping

Follow me on Twitter @evan_van_ness to get the annotated edition of this newsletter on Monday or Tuesday. Plus I tweet most of what makes it into the newsletter.

Did you get forwarded this newsletter? Sign up to receive it weekly

Permalink: https://weekinethereumnews.com/week-in-ethereum-news-june-7-2020/

Dates of Note

Upcoming dates of note (new/changes in bold):

June 15 – Gitcoin CLR matching grants begins

June 16 – deadline to apply for Gitcoin’s Kernel incubator

Oct 2-Oct 30 – EthOnline hackathon

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joshuajacksonlyblog · 5 years ago

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IEOs Just as Shocking as ICOs, BitMEX Data Shows

Tokens that emerged from Initial Exchange Offerings (IEOs) have demonstrated a poor performance this year, according to BitMEX research.

Most IEOs Have Failed Despite Bitcoin Surge

In May of this year, BitMEX published its first piece of research on IEOs, concluding that the market was doing much better than initial coin offerings (ICOs). In fact, IEOs are not much different from ICOs, but the latter have been compromised by the high incidence of scams. As a result, many blockchain projects seeking to issue tokens turned to the new crowdfunding method to avoid being associated with scams.

The ICO market was in a free fall at the beginning of 2019. BitMEX estimated that the market tumbled 97% in the first quarter of the year. While initial exchange offerings were resisting at the time, BitMEX predicted that they wouldn’t make it in the long-term, and it seems the crypto futures exchange operator was right.

In its latest report, the exchange says that all 11 IEO tokens that it had tracked since May 2019 have declined in price. This doesn’t bode well for the nascent market, especially when Bitcoin has surged since then.

Almost all tokens are down more than 80%, with the exception of Matic, a Binance IEO that was ongoing when BitMEX’s first report came out in May. Matic price has jumped as high as 255% since then.

Elsewhere, other Binance IEO tokens, including Gifto, Fetch.AI, Bread, and Celer fell over 80%. Blockcloud, an OKEx IEO, tumbled as much as 98%.

Few Tokens Have Generated Positive Returns

Some crypto investors eye IEOs given that their offering price is now significantly lower than the first traded price when they were initially listed on exchanges.

So far, only 4 of the 12 IEO tokens monitored by BitMEX have generated positive investment returns, including Matic, BitTorrent, Dos Network, and Bread. The rest of the tokens have declined even relative to the offering price.

Do you think initial offering exchange tokens have the same fate as the ICOs? Share your thoughts in the comments section!

Images via Shutterstock, BitMEX

The post IEOs Just as Shocking as ICOs, BitMEX Data Shows appeared first on Bitcoinist.com.

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cryptoquicknews-blog · 5 years ago

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New Post has been published here https://is.gd/y99sov

Hodler’s Digest, June 3–9: Top Stories, Price Movements, Quotes and FUD of the Week

This post was originally published here

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.

Top Stories This Week

Mt. Gox’s Karpeles: “Press Rumors About My Blockchain Plans Are False”

Mark Karpeles, the former CEO of long-defunct Japanese cryptocurrency exchange Mt. Gox, denied press claims this week that he is returning to blockchain. Karpeles said that his activities with Tristan Technologies will not involve the cryptocurrency sector, as previously reported, and that the firm is not a startup and not related to blockchain. In comments to Cointelegraph, Karpeles said that he wasn’t “sure how this got reported wrong” and that his main goal is to “try to bring back Japan near the top of the IT industry.” A judge acquitted Karpeles of embezzlement in March and is currently appealing a lesser conviction of data manipulation, all in relation to the hack of Mt. Gox.

SEC Sues Kik for Conducting Allegedly Unregistered $100 Million ICO in 2017

Canadian startup Kik has been sued by the United States Securities and Exchange Commission (SEC) for an unregistered $100 million token offering. According to the SEC’s complaint, the commission alleged that Kik’s digital token sale was not compliant with U.S. securities laws, as it had not registered the offering with the proper authorities. The SEC’s complaint comes right after Kik’s recent announcement that the company is launching a $5 million crypto initiative to fund a lawsuit against the SEC, with a campaign called DefendCrypto. Steven Peikin, co-director of the SEC’s Division of Enforcement, said in a press release that, by conducting its kin token sale, Kik “deprived investors of information to which they were legally entitled and prevented investors from making informed investment decisions.”

Tron’s Justin Sun Wins eBay Charity Auction in $4.57M Bid to Lunch With Warren Buffett

Justin Sun, Tron founder and CEO, has won an eBay charity auction to have lunch with Warren Buffett, renowned investor and CEO of Berkshire Hathaway. In order to win the lunch, which Buffett has participated in for 20 years, Sun allegedly bid a record-breaking $4,567,888. The winner will be able to bring along seven friends to a New York steakhouse, and all proceeds from the auction go to San Francisco-based nonprofit Glide Foundation. Sun wrote in a statement that the bid was a key priority for the Tron and BitTorrent team. Buffett has long been known for his negative stance on cryptocurrencies, although he has made positive comments in regard to blockchain.

LocalBitcoins Confirms Removal of Local Cash Trades

Global peer-to-peer (p2p) crypto exchange LocalBitcoins officially confirmed this week the removal of trading in local fiat currencies. The Finland-based exchange had previously removed the cash trading option on June 1 with no announcement, which caused some outrage in the crypto community. In an official statement this week, the exchange noted that its liabilities are determined by the Act on Detecting and Preventing Money Laundering and Terrorist Financing, which requires them to follow certain regulations. The move comes on the heels of the news that LocalBitcoins will soon become monitored by the Financial Supervisory Authority of Finland, as the Finnish government passed new legislation for crypto assets earlier this year.

Report: Facebook to Announce Cryptocurrency Project This Month

Social media giant Facebook will reportedly announce its cryptocurrency project this month, and employees will be allowed to take part of their salary in the coin. According to unnamed sources, the white paper for the coin will be released on June 18. As well, Laura McCracken, Facebook’s head of financial services and payment partnerships for Northern Europe, said in an interview this week that the stablecoin would not only involve a U.S. dollar peg. Other media reports this week have noted that there are now 100 people known to be working on the crypto project via profiles on professional networking platform LinkedIn. Winners and Losers

This week in the markets, bitcoin is below $8,000, trading at around $7,933, ether is at $245 and XRP at $0.41. Total market cap is about $253 billion.

The top three altcoin gainers of the week are posscoin, bitcoin 2 and hempcoin. The top three altcoin losers of the week are bzedge, pandemia and quantis network.

For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Most Memorable Quotations

“The unwillingness to allow more competitors to offer geared ETFs seems to be another example of denying or curtailing access to a product that would be useful to some investors.”

Hester Peirce, commissioner at the SEC

“What a difference it would have made a decade ago if blockchain technology on a private distributed ledger accessible to regulators had been the informational foundation of Wall Street’s derivatives exposures.”

J. Christopher Giancarlo, United States Commodity Futures Trading Commission (CFTC) Chairman

“I don’t think I’m a Neanderthal, which is what I’ve been called when I’ve said I didn’t want to own bitcoin.”

Stanley Druckenmiller, American billionaire investor

“I don’t recommend bitcoin in either direction because I don’t really care for it in terms of an asset, but I do care for it as a signalling mechanism that I think was a tip-off to this bounce in gold.”

Peter Boockvar, chief investment officer at financial planning and wealth advisory firm Bleakley Advisory Group

“My love for Japan has not changed. Japan used to be engineering superpower in terms of its PCs but right now, taking the cloud for example, it’s the U.S. that dominates. But I still believe in the potential Japan has and I would like to develop that.”

Mark Karpeles, former CEO of the now-defunct bitcoin exchange Mt. Gox

“The lack of financial inclusion is not a ‘bug’ of the traditional financial system. It’s a direct result of the regulatory architecture and the intermediaries policies.”

Andreas Antonopoulos, well-known bitcoin educator and crypto commentator

“I do not know what bitcoin is.”

Jair Bolsonaro, president of Brazil

Report: Polish Exchange Shuts Down and Disappears With Customers Funds

Coinroom, a Polish cryptocurrency exchange, has reportedly shut down its operations and disappeared with customer funds. While the total amount lost has not been disclosed, some users said that they had up to 60,000 zloty (around $15,790) in their accounts. Before ending its operations, Coinroom reportedly asked customers in an email to withdraw their money in one day, while in reality, customers have said that they were unable to get all of their money in this final withdrawal. A spokesperson for the district prosecutor’s office in Warsaw said that proceedings had been initiated against Coinroom for unregistered crypto payment services.

New Malware Campaign Spreads Trojans Through Clone Crypto Trading Website

According to Twitter user and malware researcher Fumik0_, a new website is spreading cryptocurrency malware. The aforementioned site reportedly imitates the website for Cryptohopper, a site where users can program tools to perform automatic cryptocurrency trading. After a user goes on the site, which displays the logo of Cryptohopper in an attempt to trick the user, it automatically downloads a setup.exe installer that will infect the computer once it runs. The installer infects the computer with an information-stealing Trojan, which then also installs two other Qulab Trojans for mining and clipboard hijacking deployed once every minute to collect data.

Report: Nearly $10 Million in XRP Stolen in GateHub Hack

Cryptocurrency wallet service GateHub said this week that hackers compromised almost 100 XRP Ledger wallets, resulting in the loss of around $10 million. In a statement, GateHub said that it was notified by community members of the loss of funds, following which it discovered increased application programming interface (API) calls coming from a small number of IP addresses. While one of those who warned GateHub about the breach reported that almost 13,100,000 XRP ($5.37 million) had already been laundered through exchanges and mixer services, GateHub has stated that the investigation is still ongoing.

Best Cointelegraph Features

The Land of the Free: Why Decentralization Matters in the Crypto Republic

After Tezos updated without forking and Iota introduced an ostensibly centralization-killing element, Cointelegraph examines the importance of decentralization by some of the large players in the crypto community.

Satoshi Posers — Why So Many Takers for the Bitcoin Crown?

With some anonymous Satoshi Nakomoto posers coming out of the woodwork, as well as one very not-so-anonymous Craig Wright, Cointelegraph looks at the potential motivations for claiming to be bitcoin’s father.

What Is a Satoshi, the Smallest Unit on the Bitcoin Blockchain?

In this analysis, Cointelegraph explains what exactly a “satoshi” is, why this buzzword has become popular recently, and who came up with the term itself.

#crypto #cryptocurrency #btc #xrp #litecoin #altcoin #money #currency #finance #news #alts #hodl #coindesk #cointelegraph #dollar #bitcoin View the website

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brettzjacksonblog · 5 years ago

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Crypto Market Wrap: Epic 10% Surge Adds $25 Billion to Crypto Assets

Crypto markets surging this Monday; Bitcoin, BCH, Litecoin and BSV dominating, Tron, EOS and Monero close behind.

Market Wrap

Monday morning is bringing renewed jubilation to crypto traders and investors as markets surge once again. Bitcoin is in the driving seat with a massive spike sending it to 12 month highs and total market capitalization has also reached a new 2019 and ten month peak.

After lulling around the $7,950 level for most of last week Bitcoin took off again a few hours ago. A dump down to $7,500 on Thursday did not last long as the king of crypto rapidly recovered back to resistance at $8k. From there it powered up to just above $8,900 in a 12 percent pump. Currently trading at just above $8,700, BTC is on a roll right now and analysts are predicting a move to the mid $9,000s.

Ethereum enjoyed the run adding 7 percent itself to reach $270 before dropping back slightly. Daily ETH volume is back over $10 billion which could send the second largest crypto asset in the world up to $300 in no time.

The top ten is a wall of green as altcoins make big gains today. Leading the pack is Litecoin adding to its weekend rally and pumping a further 11 percent to reach $114, its highest price since June 2018. Bitcoin Cash and EOS are also going strong with over 9 percent each to reach $439 and $6.92 respectively. XRP, Stellar and Cardano have made around 7 percent each.

In the top twenty Bitcoin SV is ahead with a huge move of 18 percent taking it to $108. Tron has had another mystery shill from Justin Sun which has caused a 14 percent surge.

Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT

— Justin Sun (@justinsuntron) May 26, 2019

Monero and Tezos have added 8 percent while Dash, Ethereum Classic and NEM are up over 7 percent.

FOMO: Maximine Coin Spikes Again

The fomo is pretty much everywhere today but MXM is getting more than most with a 40 percent pump. There doesn’t appear to be anything fundamental driving this altcoin at the moment. Sun’s tweet has also driven BitTorrent token which is cranking 32 percent at the moment. Dent is the third best performer in the top one hundred at the time of writing with a 24 percent gain.

When markets are on fire it is harder to find big dumps but as usual Aurora does not disappoint getting smashed by 30 percent today. The Binance pumped Theta Fuel is also dumping today as it loses 16 percent.

Total crypto market capitalization has jumped by a whopping $25 billion, or 10 percent, from low to high over the past 24 hours. It is currently just below $270 billion which is the highest amount of money invested in digital assets for ten months. Daily volume has cranked 50 percent to reach $90 billion again and Bitcoin’s dominance is back over 57 percent as it commands the markets today.

Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

The post Crypto Market Wrap: Epic 10% Surge Adds $25 Billion to Crypto Assets appeared first on NewsBTC.

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michaelbennettcrypto · 5 years ago

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Crypto Market Wrap: Epic 10% Surge Adds $25 Billion to Crypto Assets

Crypto markets surging this Monday; Bitcoin, BCH, Litecoin and BSV dominating, Tron, EOS and Monero close behind.

Market Wrap

In the top twenty Bitcoin SV is ahead with a huge move of 18 percent taking it to $108. Tron has had another mystery shill from Justin Sun which has caused a 14 percent surge.

Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT

— Justin Sun (@justinsuntron) May 26, 2019

Monero and Tezos have added 8 percent while Dash, Ethereum Classic and NEM are up over 7 percent.

FOMO: Maximine Coin Spikes Again

Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

The post Crypto Market Wrap: Epic 10% Surge Adds $25 Billion to Crypto Assets appeared first on NewsBTC.

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