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Which Coins Will Likely To Be Affected By The Binance Shutdown By The US? List Inside

Binance has recently announced that they will no longer allow access of US traders to the exchange, starting  September 12, 2019. Although Binance has stated that they will be partnering with Bam Trading to create a US compliant exchange, there is still no time frame on when this will be active – and we can also assume that it will be a minimal function, to begin with for US customers. In the meantime, we can assume that the volume for the majority of cryptocurrencies that were available to US customers on Binance will now suffer significantly over the next few months as US customers have limited options to trade the cryptocurrencies elsewhere. The following chart shows which of the coins which are listed on Binance are also listed on other US exchanges. Those include Coinbase, Bittrex, Poloniex, Kraken, HuobiUS, and eToro. The research is very eye-opening as it shows how the majority of cryptocurrencies will now struggle to find liquidity after the Binance US closure. binance_coins Source: Goomba Cryptocurrencies such as AE, HOT, LINK, NANO, ONE, VET, and WTC will have nowhere to trade for US customers. These cryptocurrencies should see a significant drop in volume during the upcoming months as they have nowhere for US customers to trade from, as of writing this. Of the above, Harmony (ONE) was the latest IEO on Binance Launchpad. Binance Coin (BNB), the native token of Binance, will only be available to trade on eToro. In fact, there are quite a few top-flight coins that will be available to trade on just one US compliant exchange, including ARK, BTT, IOTA, PIVX, and ZIL. These cryptocurrencies are lucky to have one exchange but will still see a significant fall in volume coming from US customers after the Binance anticipated shutdown. Veteran Altcoins At Less Risk Although the previously mentioned cryptocurrencies may be in trouble, there is still a handful of cryptocurrencies that will be available on a range of US compliant exchanges that will not be affected by the recent Binance closure. These include cryptocurrencies such as XRP, DASH, XLM, ETH, ZRX, and ZEN – which are all on more than 4 US compliant exchanges. The bottom line is that the recent Binance closure will send ripples throughout the entire cryptocurrency industry. Binance is the worlds largest cryptocurrency exchange with the highest reported volume. However, a large proportion of this volume is coming from US customers. After the US customers have been restricted, we will most certainly see a substantial drop in the amount of volume coming into the market. What is for sure, is that CZ, the CEO of Binance, is already working on a solution for his US customers. The post Which Coins Will Likely To Be Affected By The Binance Shutdown By The US? List Inside appeared first on CryptoPotato.

Binance IEO Effect dwarfs ‘Coinbase Effect’ as users get rich off Binance’s IEO tokens

The ICO boom of 2017 was the major reason behind many altcoins pumping massively. Several coins without proper resource allocations raised millions of dollars and delivered nothing, while coin holders took profits. However, SEC’s crackdown put an end to such scams and paved the way for other investment methods for people who wanted to launch new crypto-coins, some of which include STOs [Security Token Offerings] and IEOs [Initial Exchange Offering]. The latter became quite famous as it was spurred by the world’s largest exchange, Binance. The exchange made sure to migrate Binance Coin [BNB]  from Ethereum blockchain to their own blockchain. This was followed by an announcement that allowed other projects to move from ERC20 platform to Binance Blockchain. The launch of BNB on its mainnet was followed by the launch of Binance DEX and a platform called Binance Launchpad, for its famed IEOs. The launch of BitTorrent’s token sale on January 31 made approximately $7.2 million and in less than 15 minutes of launch, it had a hard cap of $7.2 million. The second token, Fetch.AI, sold out within 22 seconds of launching and had a hard cap of $6 million. Unlike ICOs, IEOs bring trust back to the ecosystem by reintroducing centralization. It involves a middle man and centralized authority, in the form of an exchange platform. So far, Binance has listed 5 tokens excluding the Bread token, that was launched December 12, 2017. The other tokens include BitTorrent, Fetch AI, Celer, MATIC, and Harmony. The above table tracks the percentage rise in the price of the tokens after being listed on the exchange. BitTorrent tokens were sold at $0.001865 during the public sale, with the price surging by a whopping 975% to the price at press time. However, the price of BTT surged by 1454.17%, after it hit an overall peak point of $0.001865. Fetch AI, whose tokens sold out in 22 seconds, is currently down by -78.19%. However, at the peak price point, it surged by 294.69%, which was the second lowest surge of all Binance listed tokens. Celer project which was listed on March 25, 2019 with a hard cap of $4 million did a peak surge of 287.91%. However, at press time, it was up by 182.37%. The largest surge was seen on MATIC token which was listed on April 26 and had a hard cap of $5 million. The total surge, at press time, was 774.87%, whereas the surge at peak price was 1,611.03%. The last token to be listed on Binance Launchpad/IEO was Harmony Token, which surged by 618.02% at press time, and had a peak surge of 882.68%. CZ tweeted an excel sheet which tracked the returns of the coins listed on Binance IEO. Projects that went through @binance Launchpad. Congrats! pic.twitter.com/YKIIGyHmJZ — CZ Binance (@cz_binance) May 19, 2019 There is a clear surge in the price of the coins after being listed on Binance Launchpad, which is something similar to the effect seen on coins listed on Coinbase, which is informally termed as the “Coinbase Effect.” XRP, the third largest cryptocurrency in the world, has a huge and probably the most active community right after Bitcoin’s, and saw a similar effect on its price when it was listed on Coinbase on February 25, 2019. The price of XRP against USD surged by approximately ~8.45% in under 3 hours whereas, the price surged, consolidated, and fell after 24 hours, i..e, it came down to ~3.35%. XRP was the best coin listed after the “Coinbase Effect” was waning, so one can say that the effect wasn’t as much as the effect of previously listed coins that include Ethereum Classic [ETC], ZRX Token, Basic Attention Token [BAT], and Zcash [ZEC]. ZEC surged by the second lowest percentage within 3 hours of the announcement, i..e, 16%, with the surge falling down to 0.1% by the end of the day. ETC saw the highest surge after being announced i.e., it rose by 25.8% in 3 hours, ZRX surged by 29.8%, and BAT surged by approximately 20.6%.  The Coinbase Effect faded as time passed by and it is hardly noticeable as of today, unlike the Binance IEO effect, which gives more returns than the Coinbase effect. In retrospect, if an investor would have invested $1000 during the public sale of MATIC tokens, the investor would stand to gain ~$16,100 by holding them for only 25 days. If the same amount was invested in BTT, the investor would gain ~$14,500 for holding the tokens for 117 days. The best investment would be Harmony Token, if the user had invested $1,000, he would stand to gain $8,800 in only 5 days. The gain for all of the aforementioned tokens is after deducting the investment. The post Binance IEO Effect dwarfs ‘Coinbase Effect’ as users get rich off Binance’s IEO tokens appeared first on AMBCrypto.

Bitcoin falls below $8,000, Binance launches GBP-backed stablecoin and more

Crypto News – 04 June – Bitcoin falls below $8000, Binance launches GBP-backed stablecoin and more Don’t forget to follow us for our daily videos#Bitcoin #Facebook #JPMorgan #cryptonews #binance #StableCoin #stablecoins #BinanceChain #bitcoinnews pic.twitter.com/06YwY870eE — AMBCrypto (@CryptoAmb) 4 June 2019 Daily Crypto News – June 4 1) Andreas Antonopoulos on Bitcoin’s potential: In a new podcast, Antonopoulos discussed how cryptocurrencies, including Bitcoin, can help every individual earn financial independence from existing institutions. While explaining the underlying technology, he clarified the common misconception associated with proof-of-work and energy wastage. Read more at https://bit.ly/2QLNOmz 2) Ripple’s Q2 2019 XRP sales: In an attempt to address concerns over inaccuracies in the reported volume by cryptocurrency exchanges globally, Ripple, the US-based blockchain tech firm, in a recently released post, introduced a new set of steps and a new approach to the second quarter of 2019. Read more at https://bit.ly/2WlEPyp 3) Harmony trending on Binance DEX: At press time, Stephen Tse, the Founder of Harmony, announced that the ONE token accounted for 99.19% of the total volume on Binance DEX, making it the largest token being traded on the largest decentralized exchange in the world. Read more at https://bit.ly/317IMWj 4) Bitcoin [BTC] drops below $8,000: For several days, Bitcoin was sluggish and remained below the $9,000 mark, trading sideways and exhibiting little to no drive for an upward push. After reaching the peak of $8,950, a major sell-off ensued on several exchanges, with the cryptocurrency falling by 3.07 percent in one hour, immediately following the 2.44 percent gain that pushed BTC’s price to the aforementioned price point on 30 May. Read more at https://bit.ly/2ImJh63 5) Monero’s Riccardo Spagni on Bitcoin: Speaking with Shannon Grinnell for ‘Speaking of Crypto’ podcast, Riccardo Spagni aka fluffypony listed the coin’s ten years of existence as one of its advantages, adding that in these ten years, the coin proved to be robust. Meanwhile, the core developer of Monero also stated that the coin’s biggest advantage was its network effect, which no other currency has been able to achieve. Read more at https://bit.ly/2Wj73tA 6) Atlantic Financial Blockchain Labs on BTC: Anthony Pompliano, a major Bitcoin proponent who constantly promotes the cryptocurrency ecosystem, made the news after he claimed that banks could soon be replaced. However, Bruce Fenton, CEO of Atlantic Financial Blockchain Labs, begged to differ. He tweeted that the idea of “being your own bank” was dangerous, while stating that banks were targeted from an economic standpoint. Read more at https://bit.ly/2IlNRl6 7) Singapore, USA dominate IEO Launchpad: While the exchange maintains its innocence in court, Bitfinex recently announced the launch of its new venture, Tokinex. The project is aimed at building an Initial Exchange Offering [IEO] platform to help crypto-projects raise funds through token crowd-sales. A recent research report suggests that IEOs are in the lead, with at least two dozen exchanges launching IEO platforms. Read more at https://bit.ly/2KpWw8L The post Bitcoin falls below $8,000, Binance launches GBP-backed stablecoin and more appeared first on AMBCrypto.

Harmony accounts for 99.19% of total volume on Binance DEX

During the major price surge of 2017, ICOs were one of the most sought-after in the cryptospace, with various projects going public seeking initial funding from investors. 2019 has seen a similar frenzy following an evident bull run in the market, with the present-day hype around the release of several IEOs fueling it. Harmony [ONE], backed by the Harmony protocol – the first IEO on a major decentralized exchange, became the first token to trade both on Binance exchange and Binance DEX. Source: Twitter At press time, Stephen Tse, the Founder of Harmony, announced that the ONE token accounted for 99.19% of the total volume on Binance DEX, making it the largest token being traded on the largest decentralized exchange in the world. Tse also took time to applaud Binance and suggested that Binance’s Changpeng Zhao aka CZ was influential over the entire proceedings. Additionally, Tse revealed that 25 million ONE tokens worth $500,000 USD were currently active on Binance DEX. In light of the successful launch of the token, it was announced on Medium that the organization was airdropping 25,000,000 Harmony ONE tokens on Binance DEX, for a duration of five days, starting May 29, 2019. The post stated, “Each day all the Binance Chain addresses holding a minimum of 10 BNB and reaching a trading volume of 100,000 or more Harmony [ONE] tokens [including buys & sells] on Binance DEX will equally share a pool of 5,000,000 ONE tokens.” The introduction of Binance Launchpad saw various projects being listed on the exchange, with the platform crucial to attracting the interest of early investors. CZ responded to the announcement by Tse and tweeted, Source: Twitter The post Harmony accounts for 99.19% of total volume on Binance DEX appeared first on AMBCrypto.

Harmony Token (ONE) Surges by 800% Over 24-Hour Period Due to Binance IEO

Harmony (ONE) — an altcoin that is part of Binance’s latest IEO offering— has seen its value surge by a whopping 800% since yesterday afternoon, thereby increasing the currency’s total market cap to around the $600 million mark. At this point, it should also be highlighted that this digital asset is the first crypto offering […]
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This IEO Crypto Token is Up 800% After Binance DEX Launch

Crypto figures were urging caution June 1 after the first token to trade on both Binance and Binance DEX saw suspiciously high trade volume. Harmony Outperforms BNB Crypto Token Harmony (ONE), which constitutes Binance’s latest initial exchange offering (IEO), saw over $600 million in volume in the 24 hours to press time, according to data from CoinMarketCap. The token is the first to debut on both Binance’s regular platform and its newly-launched decentralized exchange, Binance DEX. Executives had generated considerable buzz around the move through a concerted publicity campaign prior to the launch, which included a giveaway to promote ONE among prospective investors. Analyzing the trade figures, however, veteran crypto social media voices appeared less than impressed. “It’s up by 800%+ from (the) IEO. Wouldn’t recommend chasing this,” the Twitter account known as Squeeze summarized, noting ONE/USD trading at $0.025. “I’ve been eyeing this for a while. This has very huge hype. But not gonna buy at this price. Will wait for dips in the coming weeks. If it moons hard, I don’t mind missing this. Plenty of other choices.” Binance DEX Whirlwind Harmony was little known before its Binance hook-up, with the launch of the DEX having already sparked major excitement among traders. As CoinMarketCap confirms, Binance’s decentralized platform saw larger volumes in five hours than its biggest competitor, IDEX, achieved in 24. “By tomorrow it will have done more volume than all DEX’s combined,” trader and journalist Dan Clarke forecast Saturday. As Bitcoinist reported, Binance itself has seen a broad turnaround in its recent fortunes since recovering from a $41 million hack at the start of May. Following a week of downtime, full functionality resumed May 15, with the platform’s in-house token, Binance Coin 00, forming the basis of a separate giveaway to reward users who stayed loyal during the platform’s difficulties. BNB subsequently outperformed, reaching new all-time highs against the US dollar this week as it passed $35 for the first time. The token, which can also be used against discounted trading fees on Binance, is now the seventh-largest cryptocurrency by market cap. 24-hour volume at press time was $560 million – still just short of ONE. Separately, the exchange’s own research this week announced a changing trend in the crypto industry more broadly. After over a year of low appeal, non-crypto lay consumers were finally beginning to pay attention to Bitcoin 00 and altcoins again. In addition, institutional investor interest was developing much more quickly, analysts said, a phenomenon which itself was contributing to the base of new Binance traders. What do you think about Binance DEX and Harmony? Let us know in the comments below! Images via Shutterstock, Tradingview.com The post This IEO Crypto Token is Up 800% After Binance DEX Launch appeared first on Bitcoinist.com.

Market Watch: Bitcoin Rebounds Above $8500, Altcoins Surge

The bulls are back in the crypto market after bitcoin tested $9,000 for a few minutes on May 30. The prices, however, fell sharply to as low as $8,034 a few hours later. At the time of this writing, Bitcoin and the rest of the cryptocurrency market are recording significant gains with BTC trading at $8,576, ETH at $269, and XRP at $0.44 The total market cap is ~$272 billion | Bitcoin’s market cap is ~$152 billion | BTC dominance at 55.8% Major Crypto Headlines Chainalysis Says 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges A new report from Chainalysis, a US-based blockchain intelligence firm, has revealed that more than 60% of ransomware attackers cashed-out via cryptocurrency exchanges. Binance Breaking Records: Harmony Protocol (ONE) Is Trading At 800% IEO Price Binance has once again hit a new milestone as its latest IEO token, Harmony (ONE) trades at more than 8x compared to its IEO price. Margin Trading Risks: This Student Lost All His Bitcoins. What Can Be Learnt? A student recently shared a story of how he lost all his bitcoins while margin trading. Here’s what we can learn from his mistakes. Most Significant Winners and Losers Mindexcoin (703%) Mindexcoin (MIC) spiked up above $0.2 as the bulls entered the markets earlier today. MIC, which traded as low as $0.03 at the start of the trading session, is recording more than 700% gains against the US dollar. At the time of this writing, the price of the coin is $0.29 with about $520,062 being traded across all exchanges in the last 24 hours. Crystal Token (205.07%) Although Crystal Token (CYL) struggled at the start of the trading session, it is now trading up to 205% against the US dollar on the daily charts. The bulls are keeping the price of the token at the $0.003 marks. At the time of this writing, CYL is trading at $0.003565 with a daily volume of $50,934. SophiaTX (-27.11%) SophiaTX (SPHTX) attempted to stay strong with a price of $0.009 at the start of the trading session but failed to keep up. The price of the coin quickly dropped by 27.11% against the US dollar and now trades at $0.0069. SPHTX has a market cap of $2,304,723  and a daily volume of $143,233 across all exchanges. The post Market Watch: Bitcoin Rebounds Above $8500, Altcoins Surge appeared first on CryptoPotato.

Binance Breaking Records: Harmony Protocol (ONE) Is Trading At 800% IEO Price

Harmony protocol (ONE) is the latest IEO project on Binance Launchpad and is performing incredibly well on its first day of trading, so far, just like the previous IEO projects like FETCH AI, Celer Network (CELR), and BitTorrent (BTT) that were based on the Binance Launchpad. During the IEO event, A total of 1.58 billion ONE tokens were sold at the rate of $0.003175 per token to participants who drew and claimed winning lottery tickets during the IEO period on May 28. ONE is recording massive gains since it started trading on Binance and Binance DEX, with its price now trading around 8-9x compared to its IEO price. At the time of writing, the Harmony (ONE) token is trading at $0.026, followed by an impress volume of over  $250 million in the past 7 hours since started trading. ONE is not the only IEO token on the Binance Launchpad with an impressive performance. Fetch AI Token and Celer Network (CELR), that saw a 400% increase when they started trading after its successful IEO. Similarly, BitTorrent (BTT) was traded 6x compared to its IEO price after it was listed for trading. Name Hardcap CryptoPotato Score Harmony $23.0/23.0 M(100%) 9/10 More Infromation ﾿ Matic Network (Binance Launchpad) $5.0/5.0 M(100%) 8.7/10 More Infromation ﾿ Celer Network (Binance Launchpad) $4.0/4.0 M(100%) 8.5/10 More Infromation ﾿ Fetch AI (Binance Launchpad) $21.0/21.0 M(100%) 8.3/10 More Infromation ﾿ BitTorrent (Binance Launchpad) $7.2/7.2 M(100%) 0unrated More Infromation ﾿ What’s the next IEO on Binance Launchpad? Although IEO tokens are highly speculative with no guarantee of what their performance would be, all of the projects launched on the Binance Launchpad had an impressive performance. This will no doubt attract more investors to participate in upcoming IEOs. Since Matic IEO and also for Harmony, Binance initiated a lottery due to its overwhelming demand for its Launchpad’s IEOs.  Binance is yet to announce the next IEO project on its Launchpad, but you can stay updated by checking our IEO section regularly. The post Binance Breaking Records: Harmony Protocol (ONE) Is Trading At 800% IEO Price appeared first on CryptoPotato.

Binance DEX Lists Harmony ONE Tokens, Triggering a 25 Million Token Airdrop After IEO

After successfully ending the Initial Exchange Offering (IEO) of Harmony (ONE), Binance is celebrating it spectacularly. On a post published on May 30th, 2019, Binance announced that it was going to airdrop 3,000 BNB tokens. Binance, one of the leading cryptocurrency exchanges, made the grand announcement just hours after Harmony, though their Twitter outlet, announced […]
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Harmony (ONE) to Get Listed on Binance DEX; Announces 25 Million Token Airdrop

Cryptocurrency exchange Binance published a blog post on May 30, 2019, stating that it would airdrop 3,000 BNB coins to celebrate the successful completion of the Harmony (ONE) initial exchange offering (IEO) on Binance Launchpad. The announcement by the exchange came a few hours after Harmony announced that it would airdrop 25 million ONE tokensRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Blockmodo Lets You Create a Snapshot Cryptocurrency Price Widget

Cryptocurrency prices never stop moving, as the market exists in a constant state of flux. There are instances, though, when it’s useful to be able to hit the pause button and view the price of a cryptocurrency at a fixed point in time. For such occasions, Blockmodo’s snapshot widgets provide historical prices that are easy to absorb at a glance. Also read: Bitcoin.com Just Rebranded – Check out Our New Look Snapshot Widget Shows Crypto Prices Frozen in Time If you’re composing an article that addresses cryptocurrency prices at a specific point in time, it may be beneficial to have a visual representation. Until recently, your options were limited to screenshotting the chart and then embedding the image into your report. Blockmodo has now created a snapshot tool that provides a cleaner, lighter and less laborious alternative. Its price widgets page provides the ability to include a snapshot price quote, accompanied by relevant market data. The code can then be embedded into your blog or website as HTML, where it will form an aesthetically pleasing miniature chart. A snapshot widget can be particularly useful for situations where you want to be able to show context to readers. This might be because a particular digital asset has just experienced sudden volatility or passed an all-time high, for example. A snapshot of Bitcoin Cash’s price was taken on June 17th, 2019. The price was 429.91 USD with an open price of 427.06 USD. Bitcoin Cash price quote. Use a Streaming Widget for Real-Time Data In addition to its snapshot widgets, Blockmodo provides more conventional streaming widgets that display the live price of a particular digital asset. Alternatively, for real-time data on BCH and BTC, Bitcoin.com provides a host of streaming widgets. Our bitcoin cash and bitcoin core widgets have recently been updated to reflect Bitcoin.com’s new branding. Available in white or black, Bitcoin.com widgets are finished in a tasteful green, and provide live updates on the state of the bitcoin markets, pegged to various fiat currencies. What are your favorite crypto price widgets? Let us know in the comments section below. Images courtesy of Shutterstock. Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry. The post Blockmodo Lets You Create a Snapshot Cryptocurrency Price Widget appeared first on Bitcoin News.
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Bitcoin Cash Developer: If Something Isn’t Done, BCH Will Cease to Exist

Last year’s Bitcoin Cash hardfork has come with multiple negative consequences. Firstly, the BCH blockchain was split into two, leading to the birth of Bitcoin Cash SV and Bitcoin Cash ABC. The BCH community was split into two after the announcement of a proposed upgrade, which resulted in the so-called Bitcoin Cash Hash Wars where organizations supporting Bitcoin Cash ABC and Bitcoin Cash SV were competing with each other to secure the most hash power to their networks. According to a BitMex study, the Hash Wars had a total cost of over $14 million. Now it seems like it is taking its toll on Bitcoin Cash developers who are having a hard time raising the funds they need for the ongoing development of the cryptocurrency’s network, leaked screenshots of messages in a Telegram group show. “Well if something is[n’t] done, Bitcoin-ABC will shut down and BCH will cease to exist,” Bitcoin Cash and Openbazaar developer Chris Pacia said. Decentralized Fundraising While Bitcoin Cash developers need funds to work on the project, they seek to acquire them in a decentralized way. End of the road for BCH development. Even Roger has tapped out. pic.twitter.com/ewH1QR9JiO — Skylark_BitCoin 🐉 (@skylark_bitcoin) June 16, 2019 “TLDR: Amaury complained about structured funding and no one knows how to solve the problem that doesn’t involve centralization of power or requires trust,” a user stated, referring to Bitcoin ABC developer Amaury Sechet. Users in the Telegram group had controversial opinions on Sechet’s way to raise funds. “I don’t see why donations from large entities can’t work, for instance, the Bitcoin.com initiative we have seen recently to raise funds,” a user wrote. “Nobody is donating. That’s why,” Openbazaar developer Chris Pacia replied. “That fundraiser probably won’t hit the goal and the goal is an order of magnitude less than what is needed,” he added. According to Pacia, “multi-coin” companies are the reason why Bitcoin Cash devs are underfunded. “The main problem as I see it is all the large companies that profit from BCH are multi-coin companies. If BCH goes under, they shrug their shoulders and life goes on for them. They have virtually no incentive to fund BCH,” he said. Planning to Raise 800 BCH Bitcoin.com, in collaboration with other projects and organizations such as Electron Cash and the FVNI Development Society, has launched a fundraiser on May 30 to support the Bitcoin Cash development team. The fundraiser has a phase one goal of acquiring 800 BCH (about $348,000) by August 1. Until now, contributors have already donated 348 BCH, reaching 43% of the goal. If Pacia is right and the money acquired from the fundraiser is much less than they need, then it seems like that Bitcoin Cash developers are in a really bad financial situation. However, if the fundraiser reaches its goal, the money should be enough for the devs to cool down and continue working on the project until they manage to find a viable long-term solution for their financials. The post Bitcoin Cash Developer: If Something Isn’t Done, BCH Will Cease to Exist appeared first on CryptoPotato.

Monero Price Prediction Today: Daily (XMR) Value Forecast – June 17

On the upside, if the bulls break the $98 overhead resistance, the crypto’s price would rise to $120 price level. On the other hand, if the bulls fail to break the overhead resistance, the market will fall to the previous low of $95. XMR /USD Medium-term Trend: Ranging Resistance Levels: $100, $105, $110 Support Levels: […]
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Tron CEO Justin Sun to be Accompanied by Litecoin’s Charlie Lee in a Lunch Meet-up with Warren Buffet

Coinspeaker Tron CEO Justin Sun to be Accompanied by Litecoin’s Charlie Lee in a Lunch Meet-up with Warren BuffetJustin Sun, CEO of Tron seems to have some magical powers. As report speculates that the blockchain expert would be meeting with one of the most influential personalities in the financial sector – Warren Buffet, Chairmain and CEO of Berkshire Hathaway. Dated to take place on July 25th, 2019, this 20th annual charity lunch will take place in Silicon Valley, San Francisco. As opposed to Buffett’s New York’s Steakhouse venue for such gathering, this variance is in a bid to honor a local charity that the late billionaire’s wife supports – Glide Foundation.According to a Twitter post, Justin Sun calls out to his fellow crypto colleague Charlie Lee to chaperone him to this prime crypto lunch get-together. Hence, the host has been applauded by the crypto community for such a clever choice of company to this once in a lifetime financial-crypto conference.The crypto power lunch, co-hosted by Omaha-based Oracle corporation, is believed to attract a budget of $4.6 million USD. Expected to be in attendance are institutional financial investors. Subsequently, in what appears to be an optimistic approach to hop into the bandwagon, the investment genius told Bloomberg: “I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends.”Speaking on the path of Warren Buffet, the American business magnate happens to be one of the most notable detractors of Bitcoin in the early days. Referring to this neoteric digital currency as a ”worthless gambling” in the past. The Billionaire Investor at some point believed that Bitcoin was a sham, as he told Becky Quick of CNBC that “It [Bitcoin] is a delusion, basically. ”But to the delight of the entire crypto community, this financial mogul seems to be retracting those comments.Where Do We Go From Here?Speaking on behalf of the entire crypto general public, Justin Sun further stipulates that this lunch is set in place to further enlighten the financial entrepreneur and not an actual partnership with the financial powerhouse – Berkshire Hathaway. He stated:“It might be unrealistic to convince Warren Buffett, just in three hours, to buy cryptocurrencies. But we want to show him the recent progress of cryptocurrency and blockchain technology.”Following blockchain’s recent involvement with several fortune 500 companies, an adoption by stellar financial tycoon such as Buffett would go a long way to bolster mainstream endorsement of cryptocurrencies. Tron CEO Justin Sun to be Accompanied by Litecoin’s Charlie Lee in a Lunch Meet-up with Warren Buffet

Tech Regulation’s Deft-Hand Problem: CEO DailySalon Viva Technology 2019, Startup connect : Day One At Porte De Versailles In Parisamurrayfortune

Good Monday morning. The rising drum roll to regulate digital platforms has understandable roots. Consider: - From an economics perspective, the marginal benefit of adding each new customer to a digital network is significant while the marginal cost is near zero, creating powerful winner-take-most-or-all dynamics. - From a business perspective, those economics tilt the playing field in a direction that feels vastly unfair to incumbents. (Which may be why upwards of 40% of the Fortune 500 CEOs we polled this year believe Alphabet, Amazon, and Facebook need additional regulation.) - From a media perspective, the tech firms are up against one of the businesses that's been most disrupted. (Check out this new data showing 2 out of every 3 digital ad dollars goes to the three companies mentioned above.) - From a political perspective, tech companies have quickly morphed from superhero to villain. The left hates them because they are big and rich; the right hates them because they tilt left. The problem is that proper regulation of digital platforms will require a deft hand, and deft hands are in short supply in Washington these days. With Teddy Roosevelt in mind, politicians are calling for "trust busting"--ignoring the fact that the network effects that drive these companies' bigness also create benefits for users. A more proper approach might be to create an FCC-style regulatory apparatus that ensures the digital platforms follow certain rules to maximize consumer benefit and minimize anti-competitive effects. But crafting intelligent legislation on such a complicated topic was hard back in the days when government was quasi-functional. In today's polarized environment, it will be near impossible. That's the one thing the tech companies have going for them. Speaking of digital disruption, finance certainly seems teed up for a tumble. (Facebook is reportedly ready to announce its cryptocurrency launch this week.) That's why Fortune is holding its first-ever Brainstorm Finance, in Montauk, N.Y., Wednesday and Thursday. We'll be mixing some of the titans of traditional finance--like Citi CEO Mike Corbat, Bank of America CEO Brian Moynihan, Charles Schwab CEO Walt Bettinger , and Edward Jones CEO Penny Pennington--with some of top digital disruptors--Ripple CEO Brad Garlinghouse, Circle CEO Jeremy Allaire, Clovyr CEO Amber Baldet, and Credit Karma CEO Ken Lin. I'll be reporting from sunny Montauk starting Wednesday. And in case you missed it--the big bombshell this weekend was David Sanger's story in the New York Times saying the U.S. government has buried "digital land mines" in the Russian power grid. President Trump tweeted the story was both "fake news" and "a virtual act of Treason." It should be no surprise, as Fortune's Robert Hackett writes, that cybersecurity IPOs are attracting particular interest this year. More news below. Alan Murray @alansmurray alan.murray@fortune.com Top NewsSouth American Blackout Speaking of power grids and cyber-stuff, an enormous blackout hit Argentina, Uruguay, Brazil, Chile and Paraguay yesterday, and Argentinian President Mauricio Macri said a cyberattack could not be ruled out as the cause. Humidity's another possible culprit. The unprecedented problem originated in Argentina's coastal transmission system--the regional grid got disconnected from all the generators at the Yacyreta hydroelectric dam. Bloomberg Crisper Boeing Boeing CEO Dennis Muilenburg says his company should have communicated more "crisply" with its customers and regulators following the fatal crashes of two of its 737 Max planes. Muilenburg regarding Boeing's safety procedures failing to spot flaws: "Clearly, we can make improvements, and we understand that and we will make those improvements." The FAA may reportedly start trials of Boeing's fixes as early as this week. Reuters Deutsche Bank The Financial Times reports that Deutsche Bank is to shrink or close its U.S. trade business and set up a so-called "bad bank" to hold or sell assets--mostly long-dated derivatives--valued at up to $56 billion after adjusting for risk. "It makes sense for us to put all these long-term, nil-revenue assets in a non-core unit," said one "senior figure at the bank." FT Huawei Hit Huawei has for the first time quantified the hit it will take from the U.S. ban on vendors selling to the Chinese telecoms giant. Founder Ren Zhenghfei said Huawei expects to lose around $30 billion in revenue over the next couple years, with overseas smartphone shipments falling by as much as 60%. Ren: "We didn't expect the U.S. would so resolutely attack Huawei. We didn't expect the U.S. would hit our supply chain in such a wide way--not only blocking the component supplies, but also our participation in international organizations." Bloomberg Around the Water CoolerP&G Wellness Procter & Gamble will try to pitch some of its most popular products, such as Crest toothpaste and Pantene shampoo, as "wellness boosters" by teaming up with Arianna Huffington's "behavioral health" firm Thrive Global. As Fortune's Sy Mukherjee writes: "Thrive's central role across the P&G portfolio will be providing what the company calls behavioral 'microsteps' in order to 'habit-stack'-i.e, build a positive, affirming mental habit into something consumers may already do every day." Fortune China Tariffs Public hearings on the Trump administration's proposed next round of tariffs on Chinese imports begin today, and the Wall Street Journal reports that many businesses have already been writing to the U.S. Trade Representative, complaining that they have no choice but to buy from China. WSJ Stock Link As of today, U.K.-listed firms will be able to also list in mainland China. The London-Shanghai Stock Connect stock link is the first to allow foreign firms to list in China. The move will allow companies in each country to raise money in the other. "Stock Connect is a groundbreaking initiative, which will deepen our global connectivity as we look outwards to new opportunities in Asia," said British Chancellor Philip Hammond. BBC Unconscious Bias Unilever had some of its marketing and ad agency staff in New York, London and Rotterdam take a DNA test and read the results, in order to test whether heritage-related revelations affected their unconscious biases. The consumer goods giant, which worked with University College London staff on the exercise, said reading the results "significantly" reduced the subjects' stereotypical thinking. CNBC This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.
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