Basic Attention TokenBasic Attention Token BAT news

Digital advertising platform for publishers, advertisers, and users
Price, 24h
0.3777 USD / 0.00007168
-7.66% / -7.66%
Volume, 24h
39,682,106 USD
-40.23%
Marketcap
480,367,204 / 0.28%
Emission
Chart price/vol/NIS 7d
Asset details

World latest news

Basic Attention Token Price Loses 11.5% as Brave Rewards Begin Rolling out

There is a fair amount of bearish pressure on all of the cryptocurrency markets. This is primarily the result of Bitcoin dipping in the red, although that is never the only reason for this particular turn of events. The Basic Attention Token price is retracing pretty hard, as the $0.37 level could not be sustained at this time. Basic Attention Token Price Dips Hard It is not entirely uncommon to see this wave of bearish pressure materialize at this particular time. A lot of markets have noted very strong gains in recent weeks, yet it is evident such an uptrend will be met with a correction sooner or later. As Bitcoin is now struggling to push ahead even further, it is normal to see the altcoins struggle significantly as well. For Basic Attention Token, its most recent surge has come crashing down in quick succession. To put this in perspective, the Basic Attention Token price has lost 11.55% in its retrace to $0.368799. There is also an 8.73% decline in BAT/BTC, as its ratio now sits at 7m020 Satoshi. Furthermore, the 6.68% deficit in BAT/ETH further confirm the coming hours will remain rather rough, for obvious reasons. All things considered, this correction can be a good thing in terms of sustaining the long-term upward momentum. The big news of the week is how Brave browser users can finally start to earn BAT for viewing ads. While that is a significant breakthrough, it would appear this project also suffers from a key problem when it comes to the World Wide Web. Ads are only available in very specific regions right now, which further makes some users unhappy as to why they can’t earn money as promised. This situation will be addressed eventually, but it is still somewhat disappointing. $BAT #BAT it has begun baby!!! pic.twitter.com/cX16OnnC1x — Alex (@RsRckt) April 26, 2019 There are also some concerns as to whether or not the rewards being paid out in BAT is something that will be beneficial. As Yune_Tubi explains, getting paid in BTC would be far more favorable. As such, it seems likely a lot of BAT earners will effectively cash out their tokens for Bitcoin on a regular basis. That situation may come to change in the future, but when it is raised as a potential concern on day one, things might not necessarily look all that great. I hear someone’s implementing BAT concepts into bitcoin payouts. I’m a ETH fan, but I’d love to get BTC payouts of ~$300 per year in bitcoin just for internet browsing. #BAT #BTC I honestly would prefer BTC payouts. — yune_tubi (@yune_tubi) April 26, 2019 Luckily, there are also plenty of people who don’t mind just earning BAT these days. Diogenes Valcantes is quite pleased with this utility token and how it is effectively rewarding users for browsing the internet as they would do normally.  It will be interesting to see how all of these payouts will occur over time and whether or not users can make some good money with the Brave browser. No one will get rich overnight, though. This #Brave #BAT utility token makes a lot of sense. It turned Google's revenue model upside down—it provides high privacy and pays you for viewing ads. This is now my default/favorite browser. pic.twitter.com/tfwgC7fnvN — Diogenes Valcantes (@diogenesjdc) April 26, 2019 While the current BAT price trend may prove to be somewhat troublesome, there is a genuine chance things will turn around fairly quickly. It will primarily depend on what happens to Bitcoin, as the world’s leading cryptocurrency dictates the pace for most of the alternative markets. As such, today and the upcoming weekend will be pretty interesting to keep an eye on, either for better or worse. 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. Image(s): Shutterstock.com The post Basic Attention Token Price Loses 11.5% as Brave Rewards Begin Rolling out appeared first on NullTX.
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Brave Users Can Now Earn Rave Tokens (BAT) for Viewing Ads

After months in its beta stage, Brave announced on April 24, 2019, that their Brave Rewards advertising program is now launched, giving users up to 70 percent of the ad revenue when they choose to view ads. Paid-to-View Since it launched in 2018, the Brave browser has grown from strength to strength, having partnered withRead MoreRead More. The post by Tokoni Uti appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Brave Ads Are Officially Live, Community Turns ON Ads To Earn BAT

Brave, the web browser beloved by blockchain and cryptocurrency enthusiasts, has officially launched Brave Ads. Brave browser users can… The post Brave Ads Are Officially Live, Community Turns ON Ads To Earn BAT appeared first on Invest In Blockchain.
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BAT Balloons 220% in 2019, Disruption is Next for Brave’s New Ad Platform

By CCN.com: Privacy-focused browser Brave has launched its ad platform, as its native token, BAT, gains 220% in since the turn of the year. Should advertisers be worried? Brave Ads allows users to earn rewards by opting-in to watch ads, and blocking advertising they don’t want to see. It’s an attempt to disrupt the current model and upset the $600 billion-plus ads market, and it might just work. Rewards Users can earn 70% of ad revenue share in the plaform’s native ethereum-based basic attention token (BAT) cryptocurrency as a reward for giving their ‘attention’ to an ad, with Brave keeping The post BAT Balloons 220% in 2019, Disruption is Next for Brave’s New Ad Platform appeared first on CCN
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BAT surges by 8% after Brave Browser’s revenue feature announcement

Basic Attention Token is a utility token developed to take a different stance with regard to ads and improving the quality of surfing the web. The token, connected to the Brave Browser, surged by 8% since the most recent announcement by Brave. The price hit a low of $0.4051 on April 25, 2019, at 03:00 UTC. However, the price soon picked up as it surged by 8.02% to reach $0.4376. The market cap of the token also increased from $535 million to $543 million. Source: TradingView Brave browser is based on Google Chrome and promises to improve user experience while surfing the web by reducing ads or pop-ups and more. During the launch of the browser, the company announced that users would be rewarded with BAT for viewing ads. However, reward/revenue program was limited to certain countries like the U.S. and U.K. Today’s announcement by Brave revealed that the reward was now live and that users could now earn BAT. The official announcement stated, “These users will receive 70% of the ad revenue share as a reward for their attention, which they can auto-contribute to publishers under default settings. Brave’s platform is a new path toward a better Internet, where users can browse the web, earn rewards, and support their favorite content creators while preserving their privacy.” The announcement took the crypto community by storm, with many excited at the prospect of earning cryptos. A Reddit user, @Bags_Full, commented, “Best browser out there, so happy to finally get my hands on the Ads features, I can’t wait to see what the future holds for this project.” @Bretta84c, another Reddit user, added, “I earned tokens the 2 weeks ago and have no idea why or how. I guess I can understand why they don’t show you how close you are to earning another BAT since people would likely setup bots or something. Also, I assume you only can earn BAT from browsing sites that are verified publishers or do you earn them from browsing any site, in general?” The post BAT surges by 8% after Brave Browser’s revenue feature announcement appeared first on AMBCrypto.
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Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco

The market saw prices of most major cryptocurrencies soar earlier this week. However, the weekend has led to a new turn of events as coins are now being dragged into bearish territory. Among the top-10 coins, the five cryptocurrencies that saw the biggest fall were Stellar Lumens [XLM], EOS, Cardano [ADA], XRP, and Litecoin [LTC]. The fall in prices was a result of the Bitfinex-Tether fiasco. New York State’s Attorney General’s [NYAG] office revealed that iFinex, the company behind the crypto-exchange Bifinex, may be violating New York Law. This announcement was in relation to activities that “may have defrauded” local investors who trade in cryptocurrencies. Stellar Lumens [XLM] Source: Trading View Stellar Lumens [XLM] was valued at $0.1158 on April 20 and fell by 14.68% over the week. At press time, the coin was valued at $0.0990 with a market cap of $1.88 billion. The 24-hour trading volume was noted to be $276 million, as the coin fell by 4.50% over the past day and continued to dip by 0.43% within the past hour. EOS Source: Trading View EOS, at the beginning of the week was valued at $5.47, after which it fell by 13.97% over the past seven days. At press time, the coin was valued at $4.70, with a market cap of $4.43 billion. The 24-hour trading volume of the coin was $2.62 billion as it fell by 1.91% over the past day. The coin, at press time, was falling by 0.14% and failed to recover. Cardano [ADA] Source: Trading View Cardano [ADA] fell by 13.41% over the week, which resulted in its price falling from $0.0769 to $0.0690. The market cap of the coin was reported to be $1.78 billion and the 24-hour trading volume was $108 million. Over the past 24-hours, the coin fell by 4.47% and continued to fall by 1.35% within the past hour. XRP Source: Trading View At the beginning of the week, XRP was valued at $0.3325, after which it slipped by 11.88% and, at press time, was valued at $0.2929. The market cap of the coin was noted to be $12.30 billion and the trading volume of the coin was $1.36 billion. XRP fell by 2.49% over the past day and by 0.50% over the past hour. Litecoin [LTC]  Source: Trading View Litecoin [LTC] noted a fall of 10.79% over the past week, which reduced the price of LTC from $81.33 to $72.64. The market cap of the coin was $4.46 billion with a 24-hour trading volume of $3.15 billion. The price of the coin fell by 0.77% over the past 24-hours and by 0.94% within an hour. The post Biggest weekly losers: XRP, Litecoin [LTC], Stellar Lumens [XLM] fall by 10%; market tanks after Bitfinex-Tether fiasco appeared first on AMBCrypto.
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Bitfinex: $850M Lost Tether ‘False Assertion’

Following the New York Attorney General’s accusations of a $850M cover-up by Bitfinex, the company has issued its response. Binfinex refutes the claims as ‘riddled with false assertions’ and that the funds are not lost.  The Cover-Up Claims According to the NY Attorney General’s claim, Bitfinex lost $850 million of customer money. This had been sent to, and seized by payment processing firm, Crypto Capital Corp. The allegation goes on to say that Bitfinex used cash reserves from affiliated stablecoin, Tether, to cover the shortfall. The AG, Letitia James, claims this ‘loss of funds’ and movement of reserves was not disclosed by operator of both Bitfinex and Tether, iFinex. Therefore, it had “engaged in a cover-up to hide the apparent loss of $850 million of co-mingled client and corporate funds.” At press time, the price of USD Tether 00 has fallen bellow its $1 peg. Meanwhile, its stablecoin competitors such as USD-Coin 00  and TrueUSD 00 are now trading at a slight premium. This suggests that investors are likely swapping their tethers  to avoid any further surprises. Worth noting, Bitcoinist reported yesterday that the supply of tethers has reachd an all-time high. ‘Bitfinex and Tether are Financially Strong’ Bitfinex responded today by claiming that the AG’s filings: …were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. It claimed that these funds were not lost, but had “been, in fact, seized and safeguarded,” and it was actively working to get those funds released. It went on to chastise the AG for not doing more to aid and support its recovery efforts. Both Bitfinex and Tether are financially strong – full stop. And both Bitfinex and Tether are committed to fighting this gross overreach by the New York Attorney General’s office against companies that are good corporate citizens and strong supporters of law enforcement. Bitfinex and Tether will vigorously challenge this, and any and all other actions, by the New York Attorney General’s office. The Double Standards Caitlin Long pointed out on Twitter, that even if the allegations were true, the NY AG was guilty of double standards. From 2009-12, Merrill Lynch, according to the SEC: commingled customer funds, used them to cover its own obligations, & had it failed its customers would have been exposed to a “massive shortfall in the reserve account.” Which is essentially what the AG is accusing iFinex of. But whilst the SEC dealt with the Merrill Lynch case without causing panic and customer withdrawals, the move by the AG has sparked just that for iFinex. 7/ So…#NewYork did good investigative work here but needs to be called to task on why the double standard, and why the "gotcha" approach? Why not do the same to #WallSt firms when they play similar shell games??? — Caitlin Long (@CaitlinLong_) April 26, 2019 She also urged exchanges to clean up their acts regarding transparency and proof of solvency, to avoid such situations. The Problem? The Attorney General’s filing, asserts that the Tether funds were extended as a line of credit, over three years, with a 6.5% interest rate. An iFinex share charge, of 60,000,000 shares, secured the loan. Entrepreneur and commentator, Alistair Milne, Tweeted the situation rather succinctly, concluding that, as long as “Bitfinex trades profitably, no problem.” TL:DR the Tether/Bitfinex news:Bitfinex have borrowed ~700mil from TetherBitfinex pay a 'fair' interest rate on this loan60million shares in Bitfinex were pledged as collateralIf CryptoCapital release the USD, no problemIf Bitfinex trades profitably, no problem — Alistair Milne (@alistairmilne) April 25, 2019 Which brings us back to transparency and disclosure. If iFinex told customers and investors about this alleged ‘seizure’ and ‘loan’, then would they now have a problem? And is the AG’s ‘gotcha’ approach really warranted in any case? Is the NY Generaly Attorney acting in ‘bad faith’? Share your thoughts below! Images via Shutterstock The post Bitfinex: $850M Lost Tether ‘False Assertion’ appeared first on Bitcoinist.com.
Bitcoinist

New York Attorney General’s Office Accuses Bitfinex Of Covering $850 Million Losses Using Tether Funds

If you are our BitcoinExchangeGuide’s regular reader. You should already know about the shady connection between Bitfinex and Tether. This Thursday, a document by the New York Attorney General’s (NYAG) office revealed that iFinex, the company behind both Tether (USDT) and Bitcoin exchange Bitfinex, is being sued. In the press release, the attorney general Letitia […]
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