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While Alts Sink, The Tezos Tsunami Triples Up For Tezzie Investors

Altseason has been indefinitely postponed, but not everyone’s watching the clock. With threefold price growth for the year, Tezos (XTZ) is one of the few altcoins to keep pace with bitcoin and leave better-funded rivals like EOS in the dust. Coinmarketcap currently ranks XTZ as the 16th-largest cryptocurrency project, with a market cap nearing a billion dollars. Life didn’t begin well for Tezos, with a messy 2017 ICO that threatened to devolve into lawsuits and feuding between the projects’ founders. But that was 2017. Had Tezos failed, it wouldn’t have been the only project littering the pages of Dead Coins. XTZ Gets The Bump The project is making headway with major market players. Coinbase added support for Tezos XTZ last week, as part of the company’s plans to offer access to 90 percent of all of crypto’s market cap. The exchange is also considering the merits of Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves, having just added Algorand. eToro, the social trading and multi-asset brokerage company, also announced plans to add Tezos to its platform on August 6. Per eToro co-founder and chief executive Yoni Assia: “As we see financial institutions move more into the world of crypto, it is important that ordinary investors can take advantage of these technological developments, which is why we’re excited to be adding coins like Tezos to eToro.”    Green lights from Greenspan and handshakes with Armstrong are one thing. Does Tezos offer anything different from its competitors? On Tezos… and Baking with No Forks Although commonly compared with EOS and TRON, Tezos has a few advantages over earlier protocols. Instead of forking node software with updates, Tezos upgrades continuously with community consensus. Tezos also deploys a dynamic version of dPoS aimed to prioritize decentralization, coordination, and security, ahead of scalability. This theoretically egalitarian version of PoS has been labeled as Liquid Proof-of-Stake, as opposed to Delegated Proof-of-Stake. Think Delegatable Proof-of-Stake. Holders can still transfer validation rights to delegates, but doing so is optional. Referred to as baking in the Tezos network, consensus can still be achieved without a fixed set of block producers verifying transactions, though there are financial incentives for Tezos holders to delegate validation rights. There are currently 86 AAA or AAA+ rated Tezos bakers by efficiency level, suggesting that aspirations for more validators than, say, EOS, are being realized. The network is designed to appeal to enterprise and nonprofit uses as well as individual developers. With all token holders able to either bake or delegate and participate in decisions on network upgrades, the protocol’s self-amending nature could allow Tezos to keep pace with innovations as they happen. Notwithstanding all those features and the many who call Tezos another Ethereum-killer, Kathleen Breitman still regards ‘money for the internet’ as the most important focus for blockchain projects: “Blockchains haven’t even begun to scratch the surface of their biggest use case, which is digital money. That’s huge, and there’s a lot to chew on before you get into any of the other, exotic use cases for medical records or whatever. It’s really hard to do digital cash, so I think people have been like, “What if we try to do something else instead?” And I think that’s not a very pragmatic route, actually.”- Kathleen Breitman, Tezos Foundation With a market cap fast approaching one billion dollars, a former president now out of the way, and the seal of approval of two big industry players, Tezos seems to have shaken loose from its controversial beginnings.   The post While Alts Sink, The Tezos Tsunami Triples Up For Tezzie Investors appeared first on Crypto Briefing.
CryptoBriefing

Coinbase Pro announces listing of Algorand [ALGO] token after underwhelming performance on Binance

Hundreds of cryptos are launched every year. However, owing to a lack of recognition or large customer base, most fail to achieve success. Key to this success is the significance of the exchange such tokens are listed on. In light of that fact, Algorand [ALGO], a permission-less proof-of-stake blockchain technology crypto-asset which was launched way […] The post Coinbase Pro announces listing of Algorand [ALGO] token after underwhelming performance on Binance appeared first on AMBCrypto.
AMBCrypto

Coinbase Pro To List Algorand On Its Trading Platform On Wednesday; ALGO Pump To Follow?

As per an all new blog-post released on the official Coinbase website, the premier cryptocurrency exchange is going to be adding Algorand protocol’s eponymous token — ALGO — to its Coinbase Pro platform on the 14th of August. Additionally, it also bears mentioning that the exchange will scale up to support full-scale ALGO trading using […]
Bitcoin Exchange Guide

Tron: CEO Justin Sun promises US-focused expansion of TRX in 2019

Tron CEO Justin Sun expected that Binance US and Coinbase would consider his projects, TRX, BTT, and WIN, but neither Coinbase nor Binance US have included any of his projects in their recent token listing announcements. Following the updates from the two exchanges, the community urged Sun to get his projects listed on US exchanges. Coinbase and Binance US Ignore TRON and BitTorrent  Recently, Coinbase announced that it is exploring 8 crypto tokens, including Algorand, Cosmos, Dash, Decred, Ontology, Waves, Matic Network, and Harmony. Binance US also unveiled its plans of listing 30 potential crypto tokens on the US arm of its crypto exchange. It’s worth noting that neither of the two US-based exchanges have considered Justin Sun’s projects.  However, the Tron community thinks that their #1 priority is to make TRX trading available for US citizens. Source: Twitter Sun responded to the tweet and promised that 2019 will see “huge progress” for TRON. He tweeted – Sorry for the delay. We should have more US-based exchanges for sure. Let me work on that. We promise within 2019 the community will see huge progress on that. In agreement with the community’s sentiments, Sun published another tweet on the subject saying “we will get all these things done with TRON speed”. Source: Twitter Besides making promises on TRX, Sun is quite bullish on his effort to on-board BTT and WIN on US exchanges. He says that US exchanges should include TRX, BTT, and WIN. While TRON is Sun’s own project, he acquired BitTorrent(BTT) in late July 2018. WIN token is the TRON based dApp which was backed by Binance launchpad (Binance IEO) in July this year. Despite TRX’s dipping value, Sun bets big on TRON this year. At press time, TRX is the 12th largest cryptocurrency in terms of market cap whereas BTT slid down to 45th position with a falling market graph on Coinmarketcap. Sun Network’s release of version 1.0 as one of Tron’s 100X scalability solutions is also slated for today, i.e August 10. Source: Twitter However, the development has not shown a positive effect on TRX’s price so far. At press time, Tron is trading at $0.02, 6% down from its previous position. The post Tron: CEO Justin Sun promises US-focused expansion of TRX in 2019 appeared first on Coingape.
CoinGape

Algorand’s ALGO token listing on Coinbase Pro, price jumps 11.85%

The Coinbase Pro announcement of Algorand’s ALGO listing pushed the price up from $0.727 to $0.814 within 40 minutes, an 11.85 percent increase—and wicking the price as high as $0.841. Algorand—a Boston-based blockchain company created to improve blockchain decentralization, scalability, and security—made the news last month after it completed a $60 million token sale. The company’s token sale implied that Algo token’s market capitalization was close to $6 billion, which would make it the seventh-largest coin. Today, Coinbase announced it was listing the coin on Coinbase Pro, the crypto exchange’s professional trading platform. The price surged as a result, historically in line with the “Coinbase Effect.” ALGO/USDT by TradingView Following the announcement, the price of ALGO went from $0.727 to a high $0.841—up 15.7 percent—within 40 minutes. For the bulk of trading the highest the token traded at was $0.814, up 11.85 percent. Since the peak the coin traded in a range between $0.758 and $0.822. Trading volume is also up substantially in response to the news. Volume increased from a three-day average of $80.2 million to $109.9 million, a 37 percent increase. The announcement comes on the heels of a week of price-positive news for Algorand. Coinbase first announced it was considering adding ALGO, along with eight other coins including Dash, Decred, and Ontology, on Aug. 5. Aug. 2 Algorand announced an “early redemption” program that allowed users to sell-back tokens for an 85 percent refund on the token’s auction price. The news caused the price of the token to skyrocket, sending it from $0.558 to $0.820 from open to close on record volume of $284 million. Follow Coinbase Pro on Twitter for real-time updates on when ALGO will move from transfer-only to full trading on the exchange. The post Algorand’s ALGO token listing on Coinbase Pro, price jumps 11.85% appeared first on CryptoSlate.
Cryptoslate

Coinbase Pro Announces Algorand Launch

Algorand will be the next asset to begin trading on Coinbase Pro, with deposits to be enabled starting on August 14. Once sufficient supply is achieved, Coinbase Pro will allow trading of the newly-introduced currency to commence. Algorand seeks to overcome a number of technical barriers faced by current blockchain technologies, particularly in the areas of decentralization, scalability, and security. Cryptographer Silvio Micali founded the permissionless, pure proof-of-stake protocol as a “foundation for existing businesses and new projects to operate globally in the emerging decentralized economy,” according to the Coinbase blog announcement. The technology will use atomic swaps for the exchange of digital assets. Like previous launches, ALGO trading on Coinbase Pro will be completed in four stages. After the depositing phase, customers will be able to make “post-only” limit orders without them being filled. Following this brief stage, limit orders will begin being filled for a period of at least ten minutes, after which full trading, including market orders, will commence. Algorand is a relative newcomer to the crypto markets, having recently completed a token sale that generated $60 million. Funds from the sale are set to go directly to the Algorand Foundation for research and development. Due to VC funding and recent token sale revenues, the company now has more than $126 million in working capital.  But the ALGO sale was unusual, in that it was one of the few token offerings to come with a return policy. Prior to the sale, the Algorand foundation promised a 90% refund to investors who returned their tokens after a one year lock-up, and the policy was later amended for earlier returns. It’s not clear if trading tokens would void the returns policy. But with ALGO tokens trading at one-third of their original price, it would take a very large “Coinbase bump” to make selling them more profitable than waiting for a refund.   source: coinmarketcap.com     The post Coinbase Pro Announces Algorand Launch appeared first on Crypto Briefing.
CryptoBriefing

Coinbase Pro will soon trade Algo, start accepting transfers of the tokens on August 14

Coinbase Pro will soon allow users to trade Algo, the native currency of the Algorand blockchain, on its platform, once it gathers sufficient liquidity of the tokens, per a company media post.  The cryptocurrency exchange announced on Friday that its platform for professional traders will start to accept inbound transfers of Algo on August 14, to ensure that there is enough supply of Algo before the actual trading.  According to the blog post, the actual trading on the ALGO/USD order book will start in phases. Following the transfer of Algo, the exchange will start to accept orders from its customers, although these orders will not be matched. Then a limited amount of orders will be matched, however, customers will not be able to submit orders during this stage.  Finally, full trading will only commence when “metrics for a healthy market is met,” states the company in the blog post.  Earlier this week, Coinbase announced that it is reviewing eight new tokens to be listed on its regular exchange, with Algo included. Algorand, the project that issues Algo, just concluded a $60 million token sales in June. The project, founded by Turing award winner and MIT professor Silvio Micali, receives much attention due to its high profile leadership team and acclaimed white paper. However, despite much fanfare, Algo’s performance on Binance was disappointing in July, with its price tanked 61.8%. 
The Block Crypto

Alogrand’s token price tanked 61.8% as Turing award, Union Square Ventures backing fail to justify valuation

Count this as yet another disillusionment in token sales, only this time the price tags are the almost impeccable reputation of Turing Award, the esteem of a famed VC like Union Square Ventures, and $42 million of market value evaporated, based on reported outstanding supply.  Algorand, the project that concluded its first public token sale in June with much fanfare and a handsome amount of $60 million raised, became one of the biggest losers in July on Binance, having the highest negative monthly return of -61.8% out of all cryptocurrencies on the exchange.  As staggering as the drop is, however, it's hardly a surprise to some traders and investors that The Block talked to, with some predicting that the price will likely tank even further. The reasons, they said, are that there are simply too many tokens and too high of a valuation.  Too many tokens The company’s token sale plan is to have a maximum circulating supply of 10 billion Algo released to the market over the next five years, with a yearly sale of no more than 600 million tokens. As many Algo as this sounds like, there is a catch - public investors can get a 90% refund by returning Algo after a year of the lock-up period. This means that for these retail investors, the downside of buying Algo is protected - worse comes to worse, they can always return Algo after a year.  “That's when Algorand started to create a lot of buzz, especially among Asian investors,” said cryptocurrency market maker Altonomy co-founder Ricky Li.  Along with the buzz came the skyrocketing of Algorand’s valuation. As it closed its first public sale at $2.40 per token, some investors are valuing the company at a fully diluted market cap of $24 billion: $2.40 per tokens times 100 billion total token supply equals $24 billion. “This is simply just too many tokens for this specific token,” said Li. “It’s basically betting on it reaching Ethereum-level hype, at least close to that, to be able to justify this amount of volume in retail interest.” And for comparison, ethereum is valued at $23.8 billion at the time of writing.  Even Algorand itself thought that the widely circulated $24 billion valuation figure was wrong, according to a person familiar with the matter. Although it does not yet seem like the company has made any clarifications. As a result, the high valuation and the large number of tokens are too much for the retail market to absorb, even given the intense market interest in this protocol, since it was founded by MIT professor and Turing Award winner Silvio Micali and backed by well known venture capital firms like Union Square Ventures. The price drop simply reflected the high number of tokens, several market observers told The Block.   And more tokens to come?  When Algorand conducted its first auction, the company defined “Circulating Supply” as “the quantity of Algos available to transact freely” and its total amount was 10 billion. However, some investors, who spoke with The Block under the condition of anonymity, raised doubts at this definition, questioning whether there are tokens from undisclosed sales that will eventually enter the market as well.  It is stated on Binance that Algorand did not conduct a private token sale, except for two rounds of equity fundraising for a total of $66 million. However, Li, whose company specializes in trading altcoins, said it has seen a steady flow of Algo coming to the trading desk every week recently, and almost all of them are selling. It is unclear where this flow of Algo is coming from.  In addition, a letter allegedly sent from the Algorand Foundation to “early backers who participated in the original Algorand Foundation auction” was also disclosed recently, warning these "early backers" to not participate in the early redemption program that the foundation recently launched to reduce the circulating supply of Algo.  As Alogrand, at times regarded as a leading project in the space, faces deep price fall-off, Li pointed out that uncertainties around Algo are also harmful to the general altcoin market. "Overall the altcoin space, volatility and liquidity have been dropping,” said Li.  Algorand did not respond to to The Block’s request for comments before publication.
The Block Crypto

Coinlist co-founder weighs in on security tokens, predicts tokenized assets are way further out than people are expecting

Coinlist co-founder Andy Bromberg said security token offerings (STOs), a fading trend in the cryptocurrency market after the 2018 zeal, will eventually get a second wind.  In a recent episode of The Scoop podcast with The Block’s Frank Chaparro and Ryan Todd, Bromberg said that more traditional assets will be tokenized, although “it’s way further out than people are giving it credit for at that time.” Bromberg’s own company specializes in token sales, counting well-known projects like Algorand and Filecoin as its clients.  He further explained in a separate email to The Block that demand for security tokens, or tokens that represent real-world assets, is still lacking. Join Genesis now and continue reading, Coinlist co-founder weighs in on security tokens, predicts tokenized assets are way further out than people are expecting!
The Block Crypto

Coinbase Trolls Binance by Considering Support for Launchpad Projects But Not BNB

Coinbase recently made an official announcement41 that it was exploring support for waves and 7 other cryptocurrencies. The cryptocurrencies in the review included Waves, Ontology (ONT), Matic Network (MATIC), Harmony (ONE), DASH, Cosmos (ATOM), Algorand (ALGO) and Decred (DCR). Binance CEO, Changpeng Zhao responded to the update by saying that it had not included BNB in its list. Zhao Shows Mixed Feelings Zhao, has reacted to this new development by commenting on his Twitter handle, saying that while Coinbase has made a good choice by including two of Binance Launchpad projects’ cryptocurrencies in the list, but it seems to have to miss out on a “jem” – Binance’s native cryptocurrency, BNB. BNB is a utility token that has several uses in the Binance ecosystem including availing discounts on the trading fees. Source: Twitter What’s amusing in this situation is that Binance and Coinbase are two of the biggest exchanges in the cryptocurrency space, and Coinbase is considering offering support for two coins that are tied with its competitor’s project, but it is ignoring the native cryptocurrency of the competing platform. The two Binance Launchpad cryptocurrencies which have made it to the list of the 8 tokens being considered by Coinbase are Matic network (Matic) and Harmony (ONE). Matic and ONE which were launched on the Binance LaunchPad around April and May respectively had seen considerable gains after their launch. Matic had grown over 700% while Harmony had seen an increase of 800% from IEO price as at 1st of June. Although Coinbase clearly listed the coins up for support at this time, it also indicated that more cryptocurrencies which would correspond to regulatory scrutiny and achieve jurisdictional compliance were still in their long term list. Considering this, it is possible that BNB might as also make Coinbase’s list in the future. The post Coinbase Trolls Binance by Considering Support for Launchpad Projects But Not BNB appeared first on Coingape.
CoinGape

No Room for Monero, IOTA, Nano As Coinbase Explores New Digital Assets

Coinbase has announced its 2019 new digital assets support shortlist. The listed eight lucky tokens might get onto one of the world’s biggest crypto exchanges. Curiously missing and to the disappointment of many a crypto enthusiast are IOTA, Nano, and Monero. Dash, Cosmos, Decred, Harmony, Algorand, Waves, Matic and Ontology are however in the running for a Coinbase listing. The announcement made on the Coinbase blog, says: “Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws. Over time we expect our customers around the world will have access through Coinbase to at least 90 percent of the aggregate market cap of all digital assets in circulation”. The exchange further adds that their evaluation is done against their Digital Asset Framework. The major considerations for listing include compliance and security. Besides, the exchange also considers a token’s alignment with the exchange’s mission of “creating an open financial system for the world.“ Monero’s Rampant Crypto Jacking Woes Monero’s privacy-focused cryptocurrency enables blockchain transactions that are both untraceable and anonymous. The proof-of-work consensus platform has, however, been accused of cloaking the identity of criminals. Monero has become the choice token for criminal activities. The cryptocurrency has been increasingly blamed for crypto-jacking, whereby criminals access private devices and remotely mine crypto without the owner’s knowledge. In a report, Palo Alto Networks, an enterprise security company attributes 5 percent of all XMR in circulation to crypto jacking mining. The report further adds that Monero derives at least 2 percent of its hash power from crypto jacking scripts. The digital currency and its ilk are currently banned from exchanges by Japan’s Financial Services Agency. Privacy coins are often at the forefront of the crypto regulatory discussion. It is highly probable that Coinbase has steered from listing XMR to avoid the regulatory hurdles. Privacy tokens have received a lot of heat from law enforcement authorities, being blamed for facilitating international money laundering. A Norwegian real estate multi millionaire’s wife kidnappers have for instance demanded a $10.3 million ransom in Monero. The investigators claim that if Monero was not part of the payment plan, they would have less difficulty tracing the criminals. The US Department of Homeland Security has its eyes set on these privacy coins. Should the crime levels rise, Monero may be banned in other regions around the globe. IOTA’s Coordinator Trouble and Nano’s Controversy While the problem of scalability hampers most blockchains, IOTA has found an innovative way around it. Through The Tangle, the blockchain can handle low-cost micro-transactions, unlike Ethereum or Bitcoin blockchains. Nevertheless, as innovative a blockchain as IOTA is, it has had some eyebrow-raising systemic flaws and scandals as well. It has had a range of technical errors, and episodes of poor PR management. In 2017, for instance, a team from Boston University and MIT investigated the IOTA hash function and found it vulnerable to attacks. Nano’s first taste of infamy started with the hacking of the somewhat obscure Italian exchange BitGrail. At least 17 million units of Nano were lost, a $170 million loss for the exchange. The investigations pointed to unauthorized XRB transactions. The situation soured further when the Nano developer team and the exchange tussled and laid blame on each other on social media. It is possible that such poor press and accusations of insecure protocols could have made Coinbase wary of these tokens too.
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Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town

Ever since Facebook unveiled its Libra cryptocurrency, the project has encountered regulators’ wrath across the world. However, governments, crypto exchanges, and institutions think that Libra is a great idea and they are now developing their local tokens to rival Libra. The People’s Bank of China is reported to be developing a token that will encroach the market that Facebook targets. The latest entrant into this race is Binance. This top crypto exchange announced that it will launch an open blockchain project dubbed ‘Venus’. The project aims to develop localized stablecoins throughout the world. In an official announcement published on August 19, the exchange said that it is perfectly positioned to launch such a currency ecosystem. The move comes in the wake of its existing public chain technology, Binance Chain. The public chain comprises of a wide user base and an already existing global compliance measures infrastructure. Leveraging Already Active Know-how Binance announced that it is looking for partnerships with corporations, governments, technology firms, and other blockchain and crypto projects. It aims to develop a new currency ecosystem that will empower the developed and developing nations. Furthermore, the exchange’s vision for its Venus project is to create a new open alliance and sustainable community. The community is meant to accept and enlist all partners who have influence globally. According to the announcement, Binance Chain already supports multiple native asset-pegged stablecoins. Some of the stablecoins that it runs include the Binance BGBP Stable Coin (BGBP) that is pegged to the British Pound and the Bitcoin (BTC)-pegged stablecoin (BTCB). Additionally, Binance says that it will leverage the existing infrastructure and experience with different regulatory regimes. That will enable it to set up a compliance risk control system and create a multi-dimensional cooperation network for the Venus project. Contending with Libra The new ambitious venture by Binance seems to compete directly with Facebook’s fiat-pegged stablecoin, Libra. Facebook’s wants to launch a system that will power a global cryptocurrency payments network integrated into the company’s wholly-owned apps that include Messenger, WhatsApp, and Instagram. The choice of this name ‘Venus’ seems to show that Binance is also entering the astrological waters. These waters feature the Winklevoss Twins’ Gemini dollar and Gemini exchange together with Facebook’s Libra project. Whether Venus will outmuscle Libra in the new global stablecoin space or not, only time will tell. Like what you're reading? Subscribe to our top stories The post Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Binance Announces New Stablecoin Initiative Venus – the “One-belt-one-road Version of Libra”

The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the localized stablecoin initiative will leverage the exchange’s existing infrastructure such as its public chain Binance Chain and cross-border payment systems, wider user base and already established global compliance measures. Bearing a similar vision with social media giant Facebook’s Libra, “Venus”, defined as a “regional version of Libra”, aims to break down the financial hegemony and reshape the world’s financial system, which enables latecomers to have more initiative and stability in finance, as well as enhance the economic efficiency of countries. The exchange says it is seeking “partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.” “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” said He Yi, Binance co-founder and CMO. In its Chinese version of the announcement, the exchange believes that “Libras are growing at an exponential rate and will reshape the world financial system, bringing changes more than the Internet. Instead of resisting change and losing the opportunity, it is better to embrace the change. Under the planned economy system, the successful experience of Shenzhen’s bold exploration of market economy is a good case. At the same time, Libras need to be developed in an orderly manner under the regulatory framework.” In conclusion, it added three suggestions for the Chinese regulators – The central government should establish the core strategic position of blockchain industry and digital stablecoin in the future financial system; Establish a regulatory sandbox within a certain scope and pilot payment and settlement services based on digital stablecoin; Allow private enterprises to issue digital stablecoins and develop cross-border payment and settlement systems. Prior to it, Zhou Xiaochuan, the former governor of PBOC (People’s Bank of China), stated that Libra represents the trend of digital currencies, China should take precautions and undertake policy research. Following that, Huawei founder Ren Zhengfei  said that China can issue a Libra-like currency to take the lead in the blockchain sector. With these positive signals, the exchange is responsive and acting fast. Its cofounder He Yi said “Venus” is the “One-belt-one-road version of Libra”. Cofounder of Binance .@heyibinance said “Venus” is the “One-belt-one-road version of Libra” Totally nailed it pic.twitter.com/RqfaPH8zE1 — Dovey Wan 🦖 (@DoveyWan) August 19, 2019
8BTC

HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility

Yesterday’s Movers and Shakers Since yesterday, the coin that fared the best out of the 133 coins in our index was HyperCash, whose price is up 51.55%. Rounding out the top four currencies for the day were Metal, WePower, and Bread, which provided holders with returns of 17.75%, 13.98%, and 12.04% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex A Macro View of the Crypto Market Overall, the average change in coin price for the coins we’re tracking was up 1.6592%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 3 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves The coins that crossed their moving average are: Chainlink, Verge, HyperCash. Likewise, volatility has continued to trend lower and contract for 18 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility appeared first on DecentralPost.
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The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling

The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be different this time? I’m Satoshi Nakamoto, And So Is My Wife You could be forgiven for having a touch of Satoshi Nakamoto fatigue. In the past few months alone, we’ve endured multiple theories regarding an Estonian connection, a drug lord who invented Bitcoin purely to launder money, and a failed attempt at viral marketing (anybody actually use PAI news?). Not forgetting, of course, Craig Wright’s ongoing delusion in the face of mounting evidence of his serial forgery. So when a new website appears claiming that ‘all will be revealed’ in a three part series of posts… well you’ve got to expect it to be taken with a(n un)healthy pinch of salt. But that’s exactly what happened over the weekend. We even got to read the first part of the three-part reveal, and… it’s strangely compelling. Satoshi Nakamoto Renaissance Holdings The website bears the name ‘ Satoshi Nakamoto Renaissance Holdings’, and the ‘Truth’ is as told to Ivy McLemore, a PR and marketing consultant… and apparently a man. So far, so readily dismissible as another waste of time marketing ploy. The site even admits that part three of ‘My Reveal’, along with the Nakamoto’s true identity, will provide details about Tabula Rasa, Satoshi’s vision (sorry Craig) for the future of Bitcoin. But if this is just another attempt to cash-in on the Bitcoin bandwagon, then whoever is involved has done a better job than most of the others. Names, Numbers, And A Chip On His Shoulder The fact that ‘Satoshi Nakamoto’ has a beef against the banking industry will come as a shock to no-one. The fact that this beef harks back to the 1991 closure of the ‘World’s Sleaziest Bank’, BBCI might. Allegedly, part of his motivation was to redeem BCCI, even going so far as basing the name of Bitcoin on it; Bank of CredIT and COmmerce INternational. He also had trouble opening a bank account when visiting the UK. According to this latest ‘testimony’, Satoshi came from Satoshi Sumita, a Japanese Central Banker, who presided during a period when the country became the world’s largest creditor nation. Satoshi was also an exact match in Chaldean numerology (which also features greatly) for Nakamoto’s childhood nickname of ‘Shaikho’. Nakamoto came from Hal Finney, who helped him to create Bitcoin. Dorian Satoshi Nakamoto lived in the same California neighbourhood as Finney. He was later mistakenly identified as the Bitcoin creator by Newsweek. Satoshi Nakamoto is the number 55 in Chaldean numerology, representing the total and complete man. Finney also provided remote computers to work on, leading some to speculate that Nakamoto had been based in California. He had actually started his work in Pakistan, later travelling between Pakistan and the UK. ‘Nakamoto’ describes Finney as his Steve Wozniak, the technical genius who partnered Steve Jobs at Apple. The Best Is Yet To Come So part one of ‘My Reveal’ is detailed, fits some of what we already know about Nakamoto, and explains some of the things that we didn’t know. And the best bit is that we don’t have to wait too long for parts two and three. Part two, available at 4pm EST today, will reveal more about how Nakamoto’s belief in Chaldean numerology influenced many of his decisions regarding the development of Bitcoin. It will also give all the facts about his 980,000 BTC personal stash. Then part three will be published just 24 hours later. Will we finally learn Satoshi Nakamoto’s real-life identity, and his vision for the future of Bitcoin? Craig Wright must be quaking in his loafers… or sitting smug in the knowledge that this is just a ploy, and he is the real… nah, just kidding, quaking in his loafers. Do you think this time Satoshi Nakamoto will finally reveal his/herself? Let us know your thoughts in the comment section below! Images via Shutterstock The post The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling appeared first on Bitcoinist.com.
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