OntologyOntology ONT news

Ontology is an enterprise-focused Ethereum's competitor
Price, 24h
0.5419 USD / 0.00015490
1.04% / 1.04%
Volume, 24h
3,978,554 USD
13.66%
Marketcap
159,358,594 / 0.14%
Emission
Chart price/vol/NIS 7d
Asset details

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Weekly Price Analysis Dec.4: Bitcoin, Ethereum, Bitcoin Cash and Ontology

Bitcoin Traded around $3,976 support around $3,800 attempt to break up the $4,300 failed and we came back to check support. Meanwhile, the graph is not stabilizing, and the volatility is still here. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'mBXdeSF4'; new TradingView.chart(tradingview_embed_options); Ethereum Against the dollar, the support around $100 holds traded around $111 resistance around $127 if breached we get a confirmation for the floor that looks fragile. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'Ar3WCZeb'; new TradingView.chart(tradingview_embed_options); Against Bitcoin since support around 0.03BTC has broken down and it is finding it difficult to get back. Traded around 0.027BTC support around this resistance price at 0.029BTC in this range. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'tcyldL3t'; new TradingView.chart(tradingview_embed_options); Bitcoin Cash ABC Against the dollar traded around $150, support in this range at $145 has been verified. resistance at $200. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'tEZshgub'; new TradingView.chart(tradingview_embed_options); Against the Bitcoin traded around 0.038BTC support around 0.044BT broke down and became the resistance. The situation on the graph is not brilliant, and the price continues to decline since the Fork. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'BXOvYoP1'; new TradingView.chart(tradingview_embed_options); SV Against the dollar traded steady around $91 resistance remains around $110 support around $80 holds. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'OX0oMJ7r'; new TradingView.chart(tradingview_embed_options); Against the Bitcoin, the picture is technically similar to the trading against the USD traded at 0.023BTC support around 0.02BTC resistance at 0.025 BTC. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = '2ndSVQ6Z'; new TradingView.chart(tradingview_embed_options); Ontology Against the dollar traded around $0.76 resistance in this range at $0.90 support is hard to say, seems to be the lowest this year, after the crash from $1.7. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'cPmARl21'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.00018BTC support around this resistance area at 0.00019 short -term, close to the floor we saw in August. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'FLrAnhbd'; new TradingView.chart(tradingview_embed_options); Cryptocurrency charts by TradingView.   The post Weekly Price Analysis Dec.4: Bitcoin, Ethereum, Bitcoin Cash and Ontology appeared first on CryptoPotato.
CryptoPotato

Ontology [ONT] enthusiasts’ passive income opportunities grow with successful node selection process

The cryptocurrency market is now in the midst of one of the worst bear runs seen in recent history, with major cryptocurrencies dropping over 1/3rd of their value in a short span of time. However, the promise of future technology utilizing blockchain is still kept alive, with projects taking the bear market as an opportunity to lay the groundwork for advancements. Even as the market bleeds, projects such as Ontology [ONT] show that this is the perfect time to push the envelope when it comes to the cutting edge in blockchain technology. This is seen by the overwhelming response to their consensus node application process, which aims to take advantage of Ontology’s Triones Node Incentive Model. Dual Token Economy powered by VBFT Consensus: This is made possible by Ontology’s dual token economy, containing both ONT, a cryptocurrency coin representing value, and ONG, a utility token used for paying transaction fees on the network. It also functions on a stake based consensus algorithm, which optimizes the performance of the blockchain to new levels. However, with staking models, an economic tool is required to participate in the process. Usually, tokens on the network are staked in order to fulfill this purpose. However, the Ontology network utilizes a combination of ONT and ONG in a model known as the Triones Economic Model. The model combines a Verifiable Random Function Byzantine Fault Tolerance [VBFT] consensus algorithm along with a consensus management smart contract in order to form the core of the Ontology governance model. The Ontology token economy uses a “compensation/ lease” model, wherein holders of the ONT coin will periodically receive ONG. On the flipside, users are required to consume gas to utilizes services on the blockchain, creating a natural flow of tokens between users. This consumed ONG will be allocated to Triones Consensus nodes based on their contributions. The consumption cost for transactions is also determined by smart contracts on the Ontology chain, with low network utilization allowing users to pay a lower Gas price. When the network is utilized, the transactions will be sorted by those with a higher Gas price, thus incentivizing consensus nodes to process transactions with higher speeds. Staking authorization process and benefits: Ontology holders can also generate passive income by participating in the staking authorization process. The minimum stakeable amount is 500 ONT, with enthusiasts able to stake more in multiples of 500 ONT. It is to be noted that the staked ONT will be locked in a smart contract, which in turn generates ONG tokens to be used on the network or sold in secondary markets. The process occurs in rounds, with each round lasting 120,000 blocks. Rewards can only be claimed after every round ends, with the staking also being cancelable at any point in time. Nodes will receive ONG from basic consumption of the entire chain network system such as network fees, storage fees, smart contract fees, and fees from other services. In order to encourage participation in consensus, nodes will also receive an additional 10,000,000 ONG per year for the first three years from the community incentives allocation. They will be able to receive benefits such as the regular generation of ONG tokens, fees from the basic consumption of the network such as storage fees, smart contract fees, and network fees, and additional ONG for the first 3 years from the Ontology Foundation. Decentralized Proof of Stake: Many PoS models tend towards centralization, an issue which is remedied by the Triones Incentive Curve Equation. This provides a fair and decentralized governance system, as staking too much ONT will reduce the rewards given in ONG. This means that only a balanced stake can achieve the maximum benefit. Moreover, the Ontology Foundation has also prepared an additional incentive of at least 1% per year for the Triones system, providing an added reason for companies to begin running nodes. The VBFT consensus design will also allow the consensus system to select candidate nodes dynamically. They are required to meet certain conditions to form a consensus network. The Triones consensus model consists of 3 groups of nodes, namely a candidate node group, consensus node group and dynamic participator node group. All ONT holders can participate in the stake custody in Triones and obtain incentives. W3C-approved Ontology Distributed Identity System: Using the revolutionary ONT ID distributed identity system, information will be gradually formed on the identity and reputation of participating nodes. This “trust quantification” system will serve as another reference for the Triones economic model. The decentralized identifier part of the Ontology network can also be used by enthusiasts as a way to plug into Web 3.0, as it is recognized as a part of the Web3 Consortium Community Group Decentralized Identification registry. They act as identifiers for a verifiable, “self-sovereign” digital identity, with Ontology becoming the third open-source public chain to implement the specification after Bitcoin [BTC] and Ethereum [ETH]. Successful seed node application process ensures scalability: The network also has future enhancement plans for large-scale deployment of close to 2401 nodes and can adjust candidate network size dynamically as per the node cost. The ratio of the consensus/ candidate nodes is set according to the initial ratio of 1:6. The seed node application process has seen 16 teams make it into the second round. The total amount of tokens staked was around 24.9 million, with those who qualified staking around 17.2 million. Notable seed node candidates include ZhenFund, a seed fund based in Beijing, DHVC, Dragon and Longlink fund. The response that was seen after the application process shows that there are projects that are flourishing, quietly building the blocks and paving the way for a blockchain-powered future. With the infrastructure and scalability in place in order to serve countless blockchain-based dApps and smart contracting features, Ontology is poised to take control of the distributed trust collaboration market. The post Ontology [ONT] enthusiasts’ passive income opportunities grow with successful node selection process appeared first on AMBCrypto.
AMBCrypto

Crypto Arbitrage Today: XRP, LTC, ETH, BTG, XLM, ONT

Making money in the cryptocurrency world can be done in many different ways. Holding currencies and selling them for profits is certainly one way to go about things. Arbitrage trading is another viable approach, as it allows for somewhat less riskier profits to be secured. The following six currencies allow for an interesting profit to be scored, depending on overall platform liquidity. Ontology (Binance / KuCoin) It is somewhat refreshing to see some new currencies pop up in the list of arbitrage opportunities today. Ontology, or ONT, isn’t often subjected to a price spread. Today, however, the value between Binance and KuCoin is slightly different, allowing for a 0.78% profit to be scored. It is not the most appealing gain by any means, but it is better than seeing one’s portfolio value dwindle as more time progresses. Stellar Lumens (Kraken / HitBTC) As is usually the case when it comes to arbitrage opportunities, there is at least one pair on Kraken which can be used to score some quick profits. Buying XLM on this exchange and selling it on HitBTC allows for a net 1% profit. Both platforms usually have decent trading volume for XLM, thus there are some options waiting to be explored throughout the day. Ethereum (Bitstamp / Bitfinex / HitBTC) A lot of similar arbitrage opportunities exist for top cryptocurrencies today. Buying Ethereum on Bitstamp lets users sell ETH on Bitfinex or HitBTC for a profit of 0.8% up to 1.2%. Buying on Kraken and selling on either KuCoin and HitBTC will yield very similar profits. Having multiple options to explore is always a good sign, assuming these gaps remain in place for a while. Litecoin (Kraken / Bitstamp / Koineks) The same arbitrage opportunity associated with Ethereum can also be used for Litecoin trading, for the most part. Buying on Bitstamp and selling on Bitfinex, HitBTC, or Koineks can yield a 1% profit. Buying LTC on Kraken and selling on HitBTC is slightly more lucrative, as it yields a 1.1% profit. No major spreads are to be found today, but that is only to be expected during this new bearish trend. XRP (Bitstamp / Kraken / HitBTC) No one will be surprised to learn any arbitrage opportunity affecting Ethereum and Litecoin will also apply for XRP. Using the same exchanges across the board, there is some good money to be made from buying and flipping XRP. The profits are slightly higher as well, as traders can expect to pocket a profit of up to 1.3%. A pretty decent arbitrage gap given the overall market trend. Bitcoin Gold (Koineks / Bitfienx / HitBTC) Even though it seemed as if the Bitcoin Gold arbitrage opportunities had all but dried up in the past few days, the opposite has come true. As of today, buying BTG on Koineks and selling it on either HitBTC or Bitfinex can reward users with a profit of up to 1.19%. Again, a very small price gap, but one cannot look a gift horse in the mouth. Especially not in the cryptocurrency industry, as the year 2018 hasn’t offered too many money making opportunities so far. Information provided by Arbing Tool. 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 Crypto Arbitrage Today: XRP, LTC, ETH, BTG, XLM, ONT appeared first on NullTX.
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How to Make Passive Income Holding Ontology

The cryptocurrency market is in a recession and investment in ICOs has not brought desired results. Nevertheless, this market still allows you to earn money, and now is the right time to look into the possibility of obtaining passive income. I would like to start looking into the most promising projects in terms of passive […] The post How to Make Passive Income Holding Ontology appeared first on Hacked: Hacking Finance.
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Ontology Research Institute Launches Officially As ONT Blockchain Project Continues Forward

The Ontology Research Institute Launches Officially The Ontology Network has introduced the Ontology Research Institute. It will be headed by Mao Xianping, an expert in cryptography and distributed ledger technologies. As the name suggests, the objective of the Ontology Research Institute is to research blockchain technology. By doing this, the institution aims to contribute to the development and implementation of blockchain solutions in the real world. So far, the facility is equipped with 10 blockchain experts. The launch of the research center demonstrates the commitment of the Ontology Network towards promoting the advancement of blockchain technology. Besides, the company has already developed a state-of-the-art blockchain protocol based on the VBFT consensus algorithm. The standout features of the blockchain include multi-language support within the smart contracts and support for cross-chain transactions. Other features available on the Ontology blockchain network include a smart contract creation solution called SmartX and a DApp development platform called Punica. About Mao Xianping Mao possesses a doctorate in cryptography from the Jiao Tong University. Over his career, he has accrued vast experience concerning the blockchain industry, particularly the consensus methods, security and data privacy. Also, he has been featured in popular publications on blockchain technology and cryptography. The Future of Ontology Research Institute The Ontology Research Institute has lined up the following for the future: Improving the scalability and security on the Ontology blockchain. This will involve studying sharding and multi-chain scaling techniques. Developing a secure, private and easy-to-use blockchain platform. This will involve integration cryptography and data security features into blockchain networks. Support the development of a blockchain-driven trust ecosystem that encompasses an identification platform, a credit rating system and an advanced information exchange platform. The Ontology Network is open to contributions from individuals and groups who support the establishment of a trust ecosystem based on blockchain technology and secured by cryptography.
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It's time for farmers to grow crypto in their gardens

Fujitsu launches a tokenized rewards system, Japan rejects crypto exchange, Vietnam bans mining, Binance announced AMA, Russian farmers switch to crypto, China will digitize paper checks, ORCA allows instant cash outs, Technological partnership, the US and EU exchanges fail, South Africa implements PoC

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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.
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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.
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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
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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.
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