CardanoCardano ADA news

Cardano is a smart-contract platform for financial applications. Its layer-based system ensures flexibility and allows upgrade by way of soft forks. ADA is the cryptocurrency on its blockchain
Price, 24h
0.03075 USD / 0.00000882
4.21% / 2.33%
Volume, 24h
10,761,018 USD
-0.43%
Marketcap
800,109,397 / 0.73%
Emission
58%
Chart price/vol/NIS 7d
Asset details

World latest news

Cardano Price Moves up as All Markets Flash Green

The cryptocurrency and digital asset markets are fluctuating wildly today. Although the day kicked off in the red, some positive momentum has become apparent. Even so, the hourly charts look incredibly abysmal, which is only to be expected at this time.  The big winner in the top 15 so far is Binance Coin, although Cardano is also rising rather quickly. Cardano Price Looks Healthy Again Over the past few weeks, very people seemingly discussed Cardano and its price. That is not because the project has ground to a halt, but rather because bearish market pressure tends to make people overlook ecosystem developments. Now that all markets are on the mend again – at least, temporarily – the discussions pertaining to Cardano are slowly turning back toward the technology rather than just the price. Speaking of the Cardano price, it seems as if a small rebound is forming on the charts right now. More specifically, there is a 4.4% gain in USD value, combined with a 2.2% increase in BTC value. Although both increments are small in size, they do signal something positive is brewing. How long this positive feeling will remain in place this time around, is a different matter altogether. A few interesting developments can be found on Twitter. First of all, a few Cardano enthusiasts celebrated at PlutusFest last week. Some of the ecosystem’s major players attended this event and tried to reach out to the community through this venture. The overall response to PlutusFest has been nothing but positive, which seems to confirm there will be more developments for this ecosystem over the coming twelve months. #PlutusFest was amazing. I had the chance to discuss with members of @InputOutputHK, @emurgo_io, @CardanoOf, @CardanoEffect and @Cardano. I will make contents in french about #Plutus and #Marlowe. 2019 will be a great year for #Cardano ! — Q (@wnipos) December 12, 2018 The second piece of important news is how there is a new exchange listing ADA as a trading market. More specifically, Thailand’s BitKub trading platform is paying a lot of attention to Cardano as of right now. Given the company’s bridge to fiat currency, this can result in some interesting market shifts for Cardano as a whole. Exchanges need to keep tabs on potential projects at all times, and it seems BitKub is doing exactly that. #Cardano – สารบัญเหรียญhttps://t.co/MxXRGCmXtt มีสารบัญเหรียญแล้วนะครับ เราให้ข้อมูลเกี่ยวกับเหรียญทุกเหรียญที่ถูกลิสบน เว็บไซต์ของเรา เพื่อเป็นข้อมูลเพิ่มเติมให้แก่ลูกค้า Trade > https://t.co/WzLKUGQzs7https://t.co/xYOEwwM2ZX#ADA #Bitkub #Blockchain @Cardano — Bitkub.com (@BitkubOfficial) December 12, 2018 Alphabet Algebra has some very clear yet interesting visions for cryptocurrencies and digital assets moving forward. According to this user, Cardano is designed to be more secure for money transfers than any other existing network. As such, there may be some rivalry with XRP and Ripple’s technology in the future. An interesting battle to look forward to, as competition will ultimately benefit consumers and corporations alike. #XRP was designed for use by banks and other institutions to make international money transfers faster and cheaper. #Cardano’s creators seek to build a next-generation blockchain that’s more secure than existing networks for money transfers — Alphabet Algebra (@AlphabetAlgebra) December 12, 2018 As is always the case in this volatile industry, a temporary trend doesn’t mean markets will keep evolving in that direction. The year 2018 has seen numerous temporary uptrends which turned into steep losses shortly after. As such, one has to be wary when looking at the current Cardano price. The $0.03 level has not turned into new support by any means, although the day is far from over. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Cardano Price Moves up as All Markets Flash Green appeared first on NullTX.
NullTX

EOS Price Analysis: Cardano Founder Charles Hoskinson Warns of Regulatory Action Against EOS

Charles Hoskinson projects some form of action from the SEC on EOS. EOS/USD enjoys a relief rally on Wednesday, as price moves further north following recent bounce. The EOS price hasn’t done much but decline of late. Back in August, EOS/USD entered into a very stubborn narrowing range. The price had been confined within this […] The post EOS Price Analysis: Cardano Founder Charles Hoskinson Warns of Regulatory Action Against EOS appeared first on Hacked: Hacking Finance.
Hacked

CARDANO (ADA) Daily Price Forecast –December 12

ADA/USD Medium-term Trend: Bearish Supply zones: $0.0600, $0.06600, $0.06800 Demand zones: $0.02000, $0.01500, $0.01000 ADA is in a bearish trend in its medium-term outlook. The formation of a hammer at $0.03251 at the supply area on 9th December resumes the downward continuation. $0.02891 in the demand area was the point the bearish pressure dropped the cryptocurrency before the momentum was lost. The bulls return for another set of upward movement which is a corrective move is currently on. ADAUSD was up at $0.03093 in the supply area as the bullish momentum increases. Price is above the 10-EMA and the stochastic oscillator signal points up at 40%. This is a reflection of the bullish pressure as price approaches the 23.6 fib level. Price may retrace at 23.6 or 38.2 fib level after exhaustion from the bulls. The bears are still in control of the medium-term outlook and a return is most probable. ADA/USD Short-term Trend: Bullish The cryptocurrency is in a bullish trend in its short-term outlook. The bulls returned that started with the bullish hammer was confirmed by the engulfing candle at $0.02951 as ADAUSD was up to $0.03034 before the end of yesterday session. The bullish momentum was sustained after opening as the cryptocurrency continue to make an upward movement. $0.03140 was the initial high attained earlier in the day. Price is above the two EMAs and the stochastic oscillator is in the overbought region at 80% with signal pointing up. This suggests an upward price movement in the short-term.       The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Bitcoin Exchange Guide

Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap extended declines and tested the $102.00B level. Litecoin (LTC) price is struggling below the $30 resistance, with a bearish angle. Bitcoin cash price is currently consolidating near the $100 level. Tron (TRX) is currently flat near the $0.0132 level, with range moves. Cardano (ADA) price declined below the $0.0300 support level. Bitcoin cash traded above $100 and it is currently consolidating. Litecoin (LTC), Tron (TRX) and Cardano (ADA) remain in a bearish zone, with chances of more losses. Bitcoin Cash Price Analysis Bitcoin cash price managed to move back above the $100 level recently, but it facing a lot of hurdles near the $105 and $110 levels. If BCH/USD continues to struggle to climb above $110, there could be a fresh decline below $100 and $95 in the near term. The key support is at $92, below which the price slide towards $85. On the upside, the price must break the $105 and $110 resistance levels to move into a positive zone. Litecoin (LTC), Tron (TRX) and ADA Price Analysis Litecoin price faced a lot of selling interest near the $30 and $28 levels recently. LTC declined and traded close to the $20 support area. The price is currently consolidating above $22 and it may perhaps correct higher towards $26 or $28. During the past two days, there were only range moves above the $0.0130 level in tron price. On the upside, the price seems to be struggling to clear the $0.0135 and $0.0140 resistance levels. Cardano price faced an increased selling pressure and declined below the $0.0300 support. ADA is down around 2% and it seems like the price may decline further towards the $0.0285 or $0.0280 support. Looking at the total cryptocurrency market cap hourly chart, there was a downside extension below the $105.00B support. The market cap tested the $102.00B support zone and it is currently in a range. On the upside, there are many resistances near $105.00B and a bearish trend line. Therefore, upsides are likely to remain capped in Bitcoin, Ethereum, neo, litecoin, ripple, and other altcoins in the near term. Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis was last modified: December 12th, 2018 by Aayush JindalThe post Crypto Market Update: Litecoin (LTC), Bitcoin Cash, Tron (TRX), ADA Price Analysis appeared first on NewsBTC.
NewsBTC/analysis

IOHK Co-Founder, Cardano’s Hoskinson Calls EOS ICO “Egregious”, Trusts The SEC Will Hunt Them Down

IOHK Front-runner, Hoskinson – who also happens to represent Cardano – recently expressed his viewpoints on EOS and how the US Securities and Exchange Commission (SEC) is certain to hunt them down for their “egregious” ICO collections of nearly USD$4 billion. As reported by Crypto Briefing, Hoskinson’s prediction comes from the fact that EOS has been fundraising for an extensive period of time, which he believes is surely to conflict with the regulations imposed by the SEC. It was also revealed that this topic was brought up by the IOHK leader during a conference in Edinburgh to which he commented: “I can’t imagine how they’re [Block.One] not going to have some sort of issue with the SEC,” adding that the EOS team’s approach towards fundraising reflected “utter lack of respect for investors.” Hoskinson’s negative perception on EOS does not come of surprise, considering the fact that the team failed to meet the deadlines of their roadmaps. This includes their failed MainNet launch, the hack that resulted in compromising Block.One’s users’ addresses and information and the well-known reversal of transaction, which goes against the notion of a peer-to-peer system. Another hypothesis that the leader has since made is that given a court case on EOS does get established, the USD$4 billion raised will end up covering the costs for that, but this is something that’s far into the future.
Bitcoin Exchange Guide

IOHK Announces Launch of Plutus Platform and Marlowe for Cardano (ADA) Smart Contracts

In a recent IOHK press release, it has been revealed that the awaited smart contracts language made specifically for the Cardano blockchain, Plutus Platform has been launched (https://iohk.io/blog/smart-contracts-language-for-cardano-launches-at-plutusfest/). So, what is the foundation of Plutus Platform. Turns out, it was created with functional language, Haskell in mind and does things slightly different. As opposed to sticking to one type of language, the Plutus Platform combines 81 lines of Solidity and 149 lines of JavaScript, where the former is meant to run on-chain and the latter, off-chain. The reason for combining languages has also been shared in the following example: “Web applications also run in two locations, on the server and on the client. The client provides a user interface to invoke code on the server. Further, because code on the server is expensive, one wants to move as much computation off the server as possible … The links system … allows developers to write a single source, from which is generated both code for the server and code for the client.” As for its utilization, the Plutus Platform can be accessed three ways which include, Plutus online, Plutus Playground and via Cardano. Marlowe For Blockchain-Based Financial Contracts In addition to the launch of the Plutus Platform, IOHK revealed the work they’ve been doing on Marlowe, which has been scheduled for launch some time mid-2019. As per the claims made, Marlowe is a domain-specific language (DSL) which was created with the aim of supporting those who are comfortable with financial contracts and not so much on coding. The team involved trust that: Bad programs cannot exist because such use of language has been removed Required properties are met within the contracts Special-purpose tools can be built to support people in writing programs without a problem As for its implementation, Marlowe is said to be found on the “settlement layer (SL) of the Cardano blockchain but could equally well be implemented on Ethereum/Solidity or other blockchain platforms.” It was also noted that a supposed “Meadow online emulator tool” allows users to test Marlowe contracts. Some of the facets of Marlowe include description of payment, ensuring that certain conditions are met and others essential in creating a financial contract. About IOHK IOHK is a tech firm with the aim of coming up with innovative, peer-to-peer systems that reflect the needs of financial services. Founded in 2015 by duo, Charles Hoskinson and Jeremy Wood, some of key focuses in terms of tasks include building crypto and blockchain projects for schools, governments and corporations – ultimately serving as educational bridge with practical uses attached. To learn more, check out: https://iohk.io/
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Cardano (ADA) news by Finrazor

HIGHLIGHT

The cryptocurrency market has been anything but stable in recent days. But we, the Finrazor team, do not let the spikes and free falls distract us from work. For the past few weeks, we’ve been preparing a series of educational beginner-friendly articles about some of the more established as well as newer technologies

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ESSENTIAL

Cardano claims to be a third-generation cryptocurrency that seeks to provide a scalable, interoperable and sustainable ecosystem with a two-layer architecture using a peer review-based approach to development

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OPINION

Cardano CEO Gives Video Update

In his yesterday’s impromptu AMA, Charles Hoskinson, founder of Cardano (ADA), talks about the function of ADA tokens, the Cardano treasury, recent price drops, and a range of general topics.

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DIGEST

This week has been eventful in the crypto world. Ripple tries to rebrand its XRP coin, South Korea and China may lift their ICO ban, Bittrex is launching USD trading pairs and EOS’ long-awaited mainnet is soon to go live.

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DIGEST

Minor and major recent milestones in Top-50 coins and tokens, except for meetups and hackatons.

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DIGEST

Iran coin, Error in EOS, IOTA and Kontrol Energy partnership, France lowers tax, Bitcoin.com fixes its webpage, Sharding is coming, South Korea explores crypto industry, Alexis Ohanian's prediction, Telegram abandons public sale, Ripple faces UK Parliament, Google adds BigInt to V8, IMF report, Goldman Sachs will trade BTC, Cardano and Ethiopia partnership

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US CFTC Plans to Seek Public Feedback to Better Understand Ethereum Blockchain

The latest report on Ethereum future contract unveiled that the Commodity Futures Trading Commission (CFTC) is looking for an in-depth analysis of Etherum blockchain. In order to improve the commission’s understanding of Ethereum and its underlying technology, the CFTC has announced its intention to publish a respective Request for Information (RFI) with the Federal Register. According to the statement: “The Commodity Futures Trading Commission (CFTC) is seeking public comment and feedback in order to better inform the Commission’s understanding of the technology, mechanics, and markets for virtual currencies beyond Bitcoin, namely Ether and its use on the Ethereum Network.” The Commission has put up a total of 25 questions which include topics such as the impetus for developing Ether and the Ethereum Network, especially relative to Bitcoin; the use of the Ethereum network by the developer community; scalability challenges, if any, of the Ethereum network; proof of work and proof of stake; similarities and differences in the governance of Ethereum and bitcoin networks; introduction of derivative contracts on Ether; and security issues, among others. Notably, one question asks: “How would the introduction of derivative contracts on ether potentially change or modify the incentive structures that underlie a proof-of-stake model?” A number of questions following this go further into detail about how the ether market might impact a derivatives market built on top of it – or vice versa. The CFTC said the comments received will benefit LabCFTC, the CFTC’s Fintech initiative, and help to inform the Commission’s understanding of these emerging technologies.
BitZamp

Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market

Currently, when crypto believers generalize every Wall Street banker to be a Bitcoin critic, a celebrated hedge fund manager and former Goldman Sachs executive changed his perception. Mike Novogratz is a now a name beyond the mainstream finance, and perhaps among the only consistent voices speaking in favor of bitcoin even after its 80 percent-plus drop this year. The 54-year old financial veteran sat before Bloomberg’s Erik Schatzker recently to discuss how the crypto market crash impacted their ventures and how he remains confident about crypto’s long-term potential. Novogratz admitted being on the losing side, stating that his cryptocurrency merchant bank, dubbed Galaxy Digital Holdings Ltd, brought $136 million in losses to its investors when he was raising funds for it. Nevertheless, the crypto crash couldn’t put Galaxy beneath the grounds, and the project was still on its way to – at least – break-even in 2019, he explained. “We’re not nervous; we’re frustrated that our investors have lost money. We’ve got plenty of cash to run the business for a long time. I keep telling my guys we’re a surfer getting ourselves in shape for when the next wave comes, and when the wave comes we’d better be the Laird Hamilton of crypto.” Digital Gold in Making Analysts have continuously argued whether or not bitcoin has a use-case in the mainstream. A majority of them believes that the digital asset’s lower adoption make it an overvalued bubble similar to the infamous Tulipmania from the Dutch Golden age. Investors have entered bitcoin markets on a promise of getting rich quickly, and it is no more stable than a pyramid scheme, i.e., it is all horns but no product. Novogratz, on the other hand, interpreted bitcoin as a digital gold in the making, counterarguing that it is one of the only crypto assets that “gets to be a legal pyramid scheme.” Because, to him, it is the belief that denotes value to a store of value- nothing more, nothing less. “All the gold ever mined in the history of the world fits in an Olympic-size swimming pool,” reasoned Novogratz. “You’re out of your mind to think that pool’s worth $8 trillion. But it is because we say it is.” As a metal, a store of value asset like gold does have plenty of use cases. Most notably, it is a good reflector of electromagnetic radiation such as radio and infrared rays, as well as visible light. Therefore, gold makes an ideal metal when it comes to protecting artificial satellites, astronauts’ helmets and in electronic warfare planes. But, in reality, only about 17% of the mined gold gets used in industrial applications – minus jewelry – while the rest gets stored inside vaults. That being said, the value of gold bullion itself is 83% speculation and 17% use case. Bitcoin, according to Novogratz, strictly possesses such characteristics. “The fact that David Swensen [Yale University’s chief investment officer] put an investment into Bitcoin, with his reputation on the line, his endowment on the line, tells you something. Some of the smartest people in the investing world think it’s a store of value,” Novogratz asserted. Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market was last modified: December 12th, 2018 by Davit BabayanThe post Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market appeared first on NewsBTC.
NewsBTC

Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now

CoinSpeaker Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now A former partner at Goldman Sachs who is popularly called the “pretty face of cryptocurrency” Mike Novogratz, said that he is now the ugly face of the bust. Talking to Bloomberg, he pointed at SEC sanctions on certain ICOs and the uncertainty surrounding Bitcoin Cash’s hard fork as the reasons behind Bitcoin’s drastic fall from $6,200 to $3,400. However, Novogratz remains confident that Bitcoin will make a comeback. “I do believe Bitcoin is going to be digital gold. We have a business that we think can break even next year, if not make money. We’ve got plenty of cash to run the business for a long time. I keep telling my guys we’re a surfer getting ourselves in shape for when the next wave comes, and when the wave comes we’d better be the Laird Hamilton of crypto.” First, says Novogratz, they thought of crypto as of a bear market. “I went into it thinking in the long run crypto is going to be a real structural shift in the world and I can just hedge my portfolio. And to be fair, we did a really great job not losing money the first 60 percent down. What you forget is that a market like Bitcoin that’s down 84 percent has dropped 60 percent—and then another 60 percent. That’s where the pain happens. You start buying Ether again, because it’s only $400 after being at $1,300. But then it drops to $100, and you’ve lost 75 percent of your money. We haven’t done horribly in that context, but we’re still down.” He then explains what he thinks it’s next for crypto-world. He invested in a company called High Fidelity, which is a virtual world. “Me and you, we’ll sit down, and we’ll have virtual beers. People think I’m crazy when I say that, but Second Life does $500 million a year of GDP, real money traded back and forth in a virtual world with old technology. That’ll be the first use case where blockchain really works.” One of Novogratz ventures in the field of digital currency is the cryptocurrency bank Galaxy Digital LP which began trading back on August 1st, 2018. The bank was off to a very slippery start, losing 20 percent per share in a single day, which added to the company’s overall estimated losses of about $134 million in Q1 of 2018. At the time, the former Goldman Sachs partner once again said that he thinks “we’ve pretty much bottomed.” However, the market has plummeted since, as Bitcoin lost roughly another 60 percent of its value. Yet, Novogratz says that the situation is “not as dramatically as one would think.” Bitcoin Price Rise was Like a Drug High Addressing the fears surrounding Bitcoin he explains the price rise as a drug, “an instance of testosterone boiling over and its fall led to pessimism and rampant fear.” He said: “That was a drug, and I don’t say that lightly…there’s the pessimism, and the fear, and the “Oh my God, it’s going to zero.” But it’s not going to zero. We’re at the methadone clinic.” Novogratz had already been saying that the Bitcoin could hold its position till the end of the year and maybe rise, but then disaster struck. He thought Bitcoin, “was going to hold at $6,200…. but then Bitcoin Cash decided to fork again.” He also mentioned that ICO legislation by the SEC increased investor panic: “The SEC came out and sanctioned a few ICOs and said- oh, by the way, your investors can sue for damages. That scared the heck out of a lot of people.” Novogratz further added that “the ICO market is pretty much dead right now,” however, the regulatory body, “doesn’t want to kill this innovation.” Many crypto proponents of Bitcoin have equated the top crypto to digital gold, Novogratz is one among them, he said: “That means Bitcoin is the only one of the coins out there that gets to be a legal pyramid scheme. Just like gold is. All the gold ever mined in the history of the world fits in an Olympic-size swimming pool. You’re out of your mind to think that pool’s worth $8 trillion. But it is because we say it is. While I believe in the underlying technology and believe in the crypto movement, when prices get stupid, I sell. A lot of my friends in crypto just couldn’t let go. They were saying that this is going to change the world. Revolutions don’t happen overnight. I’d be walking down the street, and people would come up to me wanting to take selfies. That’s when I started to think, OK, this is weird.” Always Cautious About Bitcoin as a Currency It’s more than obvious that he is still being cautious. A year ago, he was known as one of the biggest pro-bitcoin advocates but always saying that bitcoin will be difficult for governments to shut down. “I’ve got concern that if price movements go higher we’re going to get more regulation, but I think it’s hard to shut down. I don’t think that’s a probability. Banks will be slow to move into the industry,” Novogratz then said, adding that he “doesn’t see quick adoption of bitcoin as a currency.“ He also said that one of the big risks out there right now is that prices are moving so fast that regulators are going to get nervous. “I could legitimately see bitcoin go $13,000, $14,000, $20,000, $25,000 and see somebody balk.” He also warned on the fact that right now most regulators, including those in the U.S., are working with the digital currency system and are “intrigued” by it. Today, one thing where Novogratz remains firm is that he reiterates his view saying institutional entry is key for the Bitcoin price surge. Unless that happens, a sustainable price surge in Bitcoin seems a distant dream. Novogratz says that perhaps we can see a significant institutional money flow in the first half of next year, 2019. Steady Growth or Nuclear Winter for Crytocurrency? Despite a huge cryptocurrency market crash, VC billionaire Tim Draper believes, the value of Bitcoin will keep going higher in the upcoming years. Speaking to Thiel Macro’s Mike Green earlier this month, the billionaire said he believes virtual currencies will eventually overtake fiat currency, making up two-thirds of the world’s currency value. “Down the road, when we can easily spend, or invest, or do whatever we want with cryptocurrencies—they’re frictionless, they cost you less,” Draper told On the other hand, the billionaire investor and venture capitalist Jim Breyer believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements. Breyer kept saying that the technology is too big to be dismissed just because of a temporary bear market. He warned that “we’re close to a nuclear winter right now with cryptocurrency.” Mike Novogratz: Bitcoin Was a Drug and We’re at the Methadone Clinic Now
Coinspeaker

Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed

Anger continues to engulf cryptocurrency trading platform Cubits after executives suddenly announced the company was bankrupt, blocking all user funds. Cubits Owner: Funds Recovery ‘Unsuccessful’ In a press release dated December 11, Dooga Ltd., the UK-based entity trading as Cubits, claimed “collusion” which resulted in a “criminal act” involving the loss of €29 million ($33 million) in February 2018 had forced it to shut down. “Since February, Dooga has made every possible effort to recover these funds,” the release reads. Unfortunately – contrary to expectations – these efforts have been unsuccessful up until now. As Bitcoinist reported December 11, officials had told users on Twitter that Cubits was undergoing “maintenance” and would “be right back.” An identical message had appeared on the company’s website, but on Tuesday this changed to a 500 error message and the website went offline. A fresh tweet then confirmed Dooga had entered administration, leaving already frustrated users bewildered at the conflicting official information. Cubits had begun delaying withdrawals by weeks, some said, while another told Bitcoinist he was looking to involve law enforcement as a result of the company withholding his money. Payments Coordinator Endorses OneCoin At the same time, curious activity among senior management revealed the company’s payments coordinator Eloise Debono to be an advocate of OneCoin, a defunct Ponzi scheme, which has attracted warnings from multiple countries’ authorities over illicit practices. “Bitcoin can be bought and sold on many different exchanges, meaning you could be paying or receiving more or less than you should be,” she wrote in a bizarre article in 2016. OneCoin uses one centralised exchange called OneExchange, where there is a fixed rate for buying and selling. I personally think this is more secure and less volatile. COO Max Krupyshev, listed on LinkedIn as Cubits’ “head of crypto business,” left in November, weeks before users began to complain about withdrawal and funds access problems. Liquidator: Cubits Operator ‘Secure’ According to the company’s administrators, users will receive official correspondence about the debacle in the coming days. “Our goal is to achieve the best outcome for creditors generally at the earliest possible date,” Steve Parker from insolvency firm Opus Business Services Group commented. “Dooga’s current position is secure, investigations are proceeding and we will be writing to creditors, formally, this week.” What do you think about the ongoing Cubits debacle? Let us know in the comments below! Images courtesy of Shutterstock The post Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed appeared first on Bitcoinist.com.
Bitcoinist

Tezos [XTZ] up by 13%; boost comes after Huobi Global teases listing

Tezos [XTZ], the token which ranks on the 20th position on CoinMarketCap’s list, has been going through a rough patch, owing to the strong bear market. However, the time appears to have been changing for XTZ as it has been seen siding the bull. Source: CoinMarketCap According to CoinMarketCap, the coin was valued at $0.41 with a market cap of $252 million, at the time of press. The coin reported a 24-hour trade volume of $2 million and grew by 1.80% in an hour. The maximum trade volume of the coin was registered by Gate.io, with a market cap of $510,404 with XTZ/USDT pair. It was followed by UEX on the second and third position. UEX on the second position registered a trading volume of $398,341 with XTZ/USDT pair and on the fourth position, the market cap was noted to be $394,993 with XTZ/BTC pair. Source: CoinMarketCap This comes after the coin was valued at its lowest at $0.31 recently, with a low market cap of $192 million. The trading volume of XTZ was reported to be $3 million. The rise in the coin’s prices is speculated due to getting listed on Huobi Global. Huobi released a statement informing the crypto world about this. It read: “Tezos (XTZ) will be launched on Huobi Global on December 12, 2018 (GMT+8). Deposits will be available from 14:30, December 12, 2018 (GMT+8). XTZ/BTC and XTZ/ETH trading will be available from 18:00, December 13, 2018 (GMT+8). Withdrawals will be available from 14:30, December 16, 2018 (GMT+8).” Even though the coin is struggling to make over $2 million in trading volume, it has reported an uptrend by 13% over 24 hours. Meanwhile, there have been constant talks about Tezos being listed on Coinbase over the past couple of months and many holders are hopeful about the same. On December 7, Coinbase released a list of potential cryptocurrency list, which may be a part of the new listing. This listing included tokens like Cardano [ADA], EOS [EOS], Stellar [XLM], XRP [XRP], and also Tezos [XTZ]. An update is awaited on Coinbase’s end about the final listing. Tezos seem to be upping its game and fighting the bear head-on. The post Tezos [XTZ] up by 13%; boost comes after Huobi Global teases listing appeared first on AMBCrypto.
AMBCrypto
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