ICON ProjectICON Project ICX news

Using its loopchain technology, ICON connects independent blockchains without third parties. ICX is the cryptocurrency on this blockchain
Price, 24h
0.2089 USD / 0.00005972
0.69% / 0.69%
Volume, 24h
1,627,005 USD
-9.32%
Marketcap
99,205,082 / 0.09%
Emission
Chart price/vol/NIS 7d
Asset details

World latest news

ICON [ICX] - 3 Joint Blockchain Apps with Seoul Government - When Moon?

💰Get on the Waiting List ★ http://yen.io That Kimchi guys ... // GET THE APPS 💰 Social Exchange - http://yen.io 🚀 Market Cap - http://coinpuffs.com 💥 Stay Woke - http://cryptoyum.com 📚 Free Email Course - http://10daysofbitcoin.com // GET STARTED 🚀 Become a Cryptonaut - Support us on http://patreon.com/pub 💻 Join us at the PUB! - http://thebitcoin.pub 💰Get a Coinbase Wallet! - http://dctv.co/dctv-coinbase - Sign up! // WE DO SOCIAL 🔑 Decentralized Newsletter - https://dctv.co/dctv-news 📔 Twitter - https://dctv.co/dctv-twitter 💻 Google+ - https://dctv.co/dctv-googleplus ✏️ LinkedIn - https://dctv.co/dctv-linkedin 💻 Medium - https://dctv.co/dctv-medium Music by Charles Giovanniello, a Bitcoin Pub community member! Note: This is not financial advice as all investing is speculative. Have fun and good luck!
Decentralized TV

BITBOX Exchange Adds Support For The ICON (ICX) Cryptocurrency Coin

BITBOX Has Gone Ahead To add Some Support For The ICON (ICX) The Line Corporation has just gone ahead to announce that the ICON, also referred to as the ICX, is finally available for trade on their digital asset exchange that they call the BITBOX. On this exchange, the ICON can easily be traded with Bitcoin. Just to make the new addition official to their system, the BITBOX platform will be offering a 50% discount on any of the trading fees, this is for the ICX/BTC trading pair that will take place till November 30th. The ICON Has A Lot To Offer They have a slogan the ‘hyper connect the world,’ which has led ICON to be the leading blockchain developer in the market. But their main focus is the creation of an interconnected decentralized future for the market. The Line Corporation went ahead to team up with the ICON platform back in May to help in the establishment of a joint venture unchain. The partnership has been tasked with designing a token economy platform that will be able to reward the users much better than what is being offered in the market. Additionally, they are to develop an array of blockchain technology-based apps services that are able to operate efficiently; this is the likes of Wizball and 4CAST. Having ICON listed is another accomplishment for the Line Corporation in the prospects of building a token economy, one that will be able to provide the different users with a diverse variety within the market. The BITBOX company will not stop here is it plans on continuing to add more digital assets, which will be done through the open listing committee and review processes. Once the project is in place, it will allow different blockchains in the market that have been designed with different governing protocols to transact efficiently. When we look at the markets ICX, it has about $107.2 million in market capitalization; thus, this makes it the 43rd largest coin in the crypto market. Additionally, it is the 37th largest token found in the AltDex 100 Index; this is a benchmark index that has been designed to exclude the extraneous and stable coins in the market. More On The Discount Fee The company will be hosting a three-day trading discount fee for the ICX/BTC pair. This will be between 27th to the 30th of November, an event that has been organized by the Line Tech Plus Pte Ltd, also referred to as BITBOX. However, it is important to note that BITBOX still has the rights to reverse the 50% terms at any time, but if these changes are to take place, the company will inform and also amend the terms and conditions set for the 50% discount event. To participate in the 50% discount event, you will need to ensure you are a verified user on the platform, this is done through an SMS verification process. However, it is essential that you take a few minutes and read through the terms of the set event, just to ensure you are not caught off guard of any changes. If you do not reach the service eligibility to take part in the discount event, BITBOX has the rights to refuse you to take part on the 50% discount, thus, making it essential read both the terms and privacy policies. In the event you would like to pull out from the event you may do so at any time.
Bitcoin Exchange Guide

Cryptocurrency exchange BITBOX adds support for ICON (ICX)

CryptoNinjas LINE Corporation announced today that ICON (ICX) is now available for trade on its digital asset exchange BITBOX. ICON can now be traded on BITBOX with Bitcoin (BTC). In addition, to celebrate the addition of... Cryptocurrency exchange BITBOX adds support for ICON (ICX)
CryptoNinjas

What Is ICON (ICX)? A Guide to the Global Decentralized Network

What Is ICON? According to its website, project ICON wants to “Hyperconnect the World” by “building one of the largest decentralized networks in the world.” To do this, the team is building a massive platform that allows various blockchains to interact with each other via smart contracts.  Existing within what developers brand the ICON Republic, communities connect with each other using the projects loopchain technology.  The end game is to provide a platform where players from financial, security, insurance, healthcare, educational, and commerce industries and beyond can coexist and transact on a single network. This project is aiming to be one of the largest decentralized networks in the world. ICON has been in development for two years to date. It was founded by Dayli Financial Group, a Korean Fintech company valued at $4 billion that also owns the popular Korean exchange Coinone.     Let’s get into the thick of it, shall we? How ICON Works Trading History Where to Buy ICX Where to Store ICX ICON Team and Roadmap Final Thoughts Additional Resources How ICON Works Using its loopchain platform, ICON connects an ecosystem of blockchain communities through the ICON Republic. As the name suggests, the Republic functions as the governing head for a federation of otherwise independent blockchain bodies. You can picture the ICON Republic like the United States with each ICON community representing a state. Communities are linked to the Republic at large through community representatives (C-Reps) that connect to Nexus, the loopchain-based blockchain that underpins the ICON Republic. C-Reps act as Portals for communities to interact with Nexus and, by extension, other communities through the ICON Republic. Blockchains that use ICON can exchange currencies using the platform’s decentralized exchange (DEX). An illustrated example from the white paper showing how communities connect within the network via their C-Reps ICON Communities Simply put, an ICON Community is an individual blockchain or protocol with its own governing system. Community Nodes (C-Nodes) comprise the infrastructure of each community. C-Nodes are responsible for governing and maintaining their respective community’s blockchain. Each community operates according to its own rules and own consensus algorithm, meaning the project itself has no control over how its community members conduct their programs outside of the ICON Republic. Citizen Nodes are gateways for the average individual to connect to ICON’s network. You can use these nodes to create transactions and utilize DAPPs. But, they have no governing power in either their native blockchain’s community nor the ICON Republic at large. C-Reps function as elected officials for their respective communities. Each community chooses their own representative, and each C-Rep is responsible for governing matters, such as transaction verification and otherwise, within the ICON Republic.  Like delegates in a DPoS system (see Ark), C-Reps receive compensation for their work in the form of ICX, the native currency. A snip from the white paper showing the various connections in the network ICON Republic Supported by loopchain, the ICON Republic is the hub that accommodates the individual communities that coexist on the platform. While separate communities can follow their own consensus mechanisms, the ICON Republic runs on the Loop Fault Tolerance (LFT) consensus algorithm. LFT functions much like DPoS, wherein C-Reps act as delegates for their respective communities in ICON’s larger government. As representatives, C-Rep nodes are responsible for voting on ICON Republic’s currency issuance and reward policy, resolving transaction discrepancies on the DEX, and maintaining network integrity. Again, the ICON Republic functions solely as a communications channel for ICON communities, and the group of C-Reps that comprise it have no control over individual blockchain communities. ICON’s DEX ICON sports its very own decentralized exchange. This DEX sets currency reserves for each blockchain community so that the communities can exchange value in real time through the ICON Republic. In this way, the DEX complements C-Rep portals by establishing another gateway for Communities to connect to the Republic. Instead of the focus being on governance, as it is with C-Reps, the DEX’s focus is on value and currency transfer. The exchange enables transactions and trading across blockchain’s connected to the ICON Republic. And the DEX’s reserve sets exchange rates for these transactions using an A.I. analysis model. Additionally, the native ICX coin is used as an intermediary currency for this exchange. UPDATE: As at November 2018, the DEX has not yet gone live. There is currently no available information on when this may happen. Similarly, there is no indication that it isn’t still planned for release at some future date.  Additional Features A.I. and IISS: ICON implements artificial intelligence to manage reserve values and exchange rates, but it also uses A.I. to calculate the network’s Incentives Scoring System (IISS). Based on the DAVinCI financial solution A.I., IISS is responsible for determining a node’s ICX reward for its contributions to the network. According to the white paper, IISS calculates rewards based on the following factors: “the node’s 1) frozen ICX, 2) C-Rep status, 3) ICX exchange volume, 4) ICX exchange volume of the whole community if it has one, 5) ICX volume traded through DEX if it has one and so on.”  If and when the DEX goes live, community members can trade currencies that the DEX reserve accommodates without having to use public exchanges like Bittrex, Binance, or Bitfinex. DAPPs: As with Ethereum, anyone can use ICON to build decentralized applications (DAPPs) through its Nexus Public Channel.  These applications are then listed in ICON’s DAPP store, and anyone with a Citizen Node can download and use these applications. Trading History The ICO ended in October 2017 and exchanges began listing it at the tail-end of the same month. It’s now been around for over a year and consistently ranks among the top 50 coins on Coin Market Cap. ICX coin value spiked in January 2017 when the mainnet went live, hitting its all-time high value of more than $12. Since the crypto market’s cooled off, it has generally followed a similar pattern to other cryptocurrencies. However, the value of ICX hit another spike in May, around the same time that news broke of an ICON partnership with Line Plus, Japan’s most popular messaging app.  baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=ICX&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); Since then, ICON has seemingly flatlined, trading under $0.50 for the two months leading up to November 2018. The company ended its token swap in October, where you could exchange their initial ERC20 ICX tokens for the ones issued on the mainnet.  Most recently, there was a sudden 18 percent increase of ICX tokens in circulation, leading to an outcry from the community about pumping. ICON addressed the issue by stating that the tokens were released as part of a planned vesting schedule.  Where to Buy ICX How the wallet works Binance dominates ICON’s trading market, accounting for just over 60% of its 24/hr volume. It’s also possible to buy ICON on OKEx and Huobi.  Where to Store ICX Since the 2018 token swap, it is no longer possible to store your ICX in an ERC20 wallet. The ICON team has now launched its own web, software, and Android wallet. Ledger wallets like the Ledger Nano S also support ICX.  ICON Team and Roadmap ICON’s team comes replete with individuals from across the business, A.I., engineering, blockchain, and marketing industries. Its advisors include Don Tapscott, a Canadian business executive who has built his career on fostering technological innovation and adoption, and Jason Best, a Forbes top 10 crowdfunding organizer.  The company’s most recent hire is Ricky Dodds as Head of Institutional Markets and Contributor Relations. He joins with experience in the investment banking and equity research markets. The project team has not published any formal roadmap since the summer of 2018, drawing criticism from members of the Reddit community. particularly given that some felt the token swap process was slow following the January mainnet launch. The team most recently issued a blog post addressing the fact that they needed to be more communicative. However, a formal roadmap is still unavailable.  Competition There are several other projects focused on finding a solution for blockchain interoperability, although ICON is currently ahead of them all in terms of ranking. Its closest competitors are currently AION and Wanchain with ARK not far behind.  Two similar projects that have yet to launch their mainnets are Polkadot and Cosmos. It’s still unclear whether either of these projects will prove to be a serious competitor. Final Thoughts If this project can function as well in the real world as it does on paper, this network may very well be the skeleton key that unlocks blockchain interoperability and connects these services to existing industries. The project’s whitepaper hashes out how ICON would fit into established industries, including healthcare, education, business, insurance, capital markets, and so on.   Individuals and entities could not only use ICON for data transfers and monetary transactions, but they could also use blockchain I.D. on the platform for identity verification and enhanced security measures. That said, progress during this year has either been slow, or it has been limited to a lot of back-end updates to the mainnet that haven’t delivered any immediately obvious impacts to the overall case for adoption. While the project remains one of the more interesting in the space, and the value is holding up compared to other alts, whether it will achieve all its initial goals remains to be seen.  Editor’s Note: This article was updated by Sarah Rothrie on November 15 2018 to reflect the recent changes of the project. Additional Resources Website Medium Twitter Github Reddit The post What Is ICON (ICX)? A Guide to the Global Decentralized Network appeared first on CoinCentral.
Coin Central
More news sources

ICON Project (ICX) news by Finrazor

Trending

Hot news

Hot world news

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
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.