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Will Next Gen Altcoins Boom During Next Crypto Bull Run?

During the 2017 crypto craze and ICO boom, retail crypto investors loaded up on new, untested altcoins in hopes of finding the equivalent of the next Bitcoin – a revolution in financial technology and the best performing asset of all-time. But after the 2018 bear market, those hopes and dreams have since been shattered, and sentiment surrounding the once surface of the sun hot altcoins of yesteryear may never recover, even if the overall crypto market does. Instead, the next crypto bull run will likely be driven by a new wave of emerging, unheard of altcoins that satisfy the shiny newness, hype and promise that the older coins once offered, all without the negative sentiment and 99% drawdown many of them may forever be associated with henceforth. Coinbase Explores New Wave of Crypto Assets Last night, San Francisco-based crypto exchange Coinbase revealed a lineup of new altcoins they are exploring as coins they may potentially list in the future. The initial reaction from the crypto community was shock, as the crypto industry leader neglected many of the altcoin projects that investors have long been clamoring for to be listed. Related Reading | Can Coinbase Capitalize On Binance Becoming Less Attractive To US Crypto Investors? Including in the list are noteworthy names like Telegram, or older crypto mainstays like Filecoin, however, the rest of the list is comprised of newer, unreleased and unknown tokens, such as Polkadot or Chia. Coinbase continues to explore support for new digital assets: https://t.co/LdyayXWN5k — Coinbase (@coinbase) September 19, 2019 The common thread across many of these new altcoins are that they are from US-based businesses. Chia, for example, is based in San Francisco where Coinbase’s headquarters reside, and is led by former BitTorrent frontman Bram Cohen. Shiny New Altcoins To Outperform Tarnished Old Gems While many crypto investors are upset that their favorite tokens from the 2017 crypto bubble weren’t included in Coinbase’s list of potential new additions, Coinbase is simply going where the money is – or, at least where it is going to be. The reality is, the altcoins from yesteryear that were the most talked about or hotly traded at the time, are now essentially dead in the water. Sure, there are gems hidden within the thousands of altcoins in the market, the vast majority of them will never be applied to real-life in any meaningful way. Related Reading | Alt Season 2.0: Ethereum and XRP Post 20% Gains, Litecoin and More Up 10% With crypto being a speculative market, value is driven predominantly from hype and future expectations. And with the harsh reality that older altcoins are plagued by bag holders ready to dump their assets – down as much as 99% – at any signs of price growth, they may be doomed to never again revisit their former all-time highs set back at the height of the hype bubble. Due to these factors, it’s expected that these shiny new altcoins offering promise, potential, and hype will vastly outperform the older altcoins during the next crypto bull run. Will Next Gen Altcoins Boom During Next Crypto Bull Run? was last modified: September 20th, 2019 by Tony SpilotroThe post Will Next Gen Altcoins Boom During Next Crypto Bull Run? appeared first on NewsBTC.

Coinbase to List Telegram and Polkadot Cryptocurrencies Soon

Over the past few years, plenty of new cryptocurrency exchanges have been established worldwide, but very few can claim to be as influential as Coinbase. The US-based cryptocurrency agency has a wide range of offerings and a large number of customers, which makes it the most coveted listing for many tokens. Due to the sheer number of users and the fact that a large chunk of crypto investors in the US use the exchange, a listing naturally means a big deal for a crypto token. In a new development, the company has announced that it is ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News

Coinbase to List Telegram (GRM), Polkadot (DOT) and 15 Fresh Cryptocurrencies

Coinbase, a leading U.S-based crypto exchange has announced plans to add support for 17 new cryptocurrencies on a jurisdiction-to-jurisdiction basis. The digital assets include Telegram’s Gram token, Polkadot, Dfinity, Filecoin, and several others. This according to a blog post on September 19, 2019. Bolster the Roster In line with its goal of providing its customersRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Coinbase Plans to Add Telegram and 16 Other Digital Assets on its Platform

Coinspeaker Coinbase Plans to Add Telegram and 16 Other Digital Assets on its PlatformIn the latest blog post announcement, Coinbase highlighted a possible addition of 17 new cryptos to its platform including Telegram. As part of the exploratory process, users may see public-facing APIs and other signs that the exchange is conducting engineering work to potentially support these assets.According to that post from the exchange, Coinbase plans to add Dfinity, Filecoin, Handshake, Avalanche, Celo, Chia, Coda, Nervos, Oasis, Orchid, Kadena, Mobilecoin, Near, Solana, Spacemesh, Polkadot, and Telegram.To date, Coinbase explores support for assets that are already live and available for trading on other venues. In this case, some of the coins like telegram are not yet live. Telegram only just unveiled its Telegram Open Network (TON) testnet explorer and node software on its website. Nevertheless, so far it has not distributed its network’s native token, GRAM, which will happen two months from now.Currently, the exchange announced its intention to explore assets that are yet to be launched and which it may decide to support in the future.Coinbase continues to evaluate prospective assets against its Digital Asset Framework to assess factors like security and compliance. They also aim to assess the project’s alignment with its mission of developing an open financial system for the world. Currently, Coinbase’s non-pro platform lists Zcash (ZEC), 0x (ZRX), Litecoin (LTC), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USD Coin (USDC), XRP, Stellar (XLM), Ethereum Classic (ETC), and the Basic Attention Token (BAT).Listing CriteriaEarlier in the week, cryptocurrency Dash was included in the Coinbase Pro listing after an investigative period. Coinbase revised its listing criteria around a year ago. In that revision, it said that listing announcements will appear more often. The 17 new cryptos follow up on 8 considerations from August.Even if the cryptos are added, the listings majorly depend on jurisdictional compliance and regulatory approvals. The decision by Coinbase to support Telegram and these other tokens need considerable technical and compliance review. Thus, Coinbase cannot currently guarantee whether or when any of these assets will appear in any jurisdiction.As per their listing process, the exchange will add new assets on a jurisdiction-by-jurisdiction basis.Coinbase Plans to Add Telegram and 16 Other Digital Assets on its Platform

Coinbase is considering 17 new token listings; Avalanche, Chia, and Filecoin among the candidates

Coinbase is reviewing 17 new tokens for potential listing on its platform, the exchange announced in a blog post Thursday. The projects include: Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram. Notably, a large number of these assets have yet to publicly launch. For example, Chia Network, founded by BitTorrent founder Bram Cohen, is still in its testing phase. Telegram also just recently released the public testnet of its TON network and has yet to distribute the network's native token, GRAM. In August, Coinbase revealed its ambition to allow its customers to “have access… to at least 90% of the aggregate market cap of all digital assets in circulation."
The Block Crypto

Pantera Capital Invests In Polkadot And Three Other DLT Projects

Hedge fund and investment firm, Pantera Capital has invested in Polkadot and at least three other scalability-focused projects. Others that have been adopted by Pantera include Filecoin, Origin and BloXroute according to a report by Forex Crunch on Thursday. All four projects are distributed ledger technology-focused (DLT) firms and the aim of the collaboration is to solve major scalability problems faced in the crypto space. If things work out as planned, then the projects are likely to be launched before the end of 2019 according to Dan Morehead, the CEO of Pantera Capital. He said, “These technologies and apps aren’t developed overnight. The reality is that investing in them is like early-stage venture but with a real-time price feed”. Additional Robustness to Pantera Capital’s Blockchain Infrastructure Morehead, speaking on the possibility that this collaboration might bring scalability solutions, admitted that blockchain technology is a major tool for developmental transformation of financial sectors operating in this present century. Although blockchain brings opportunities of massive innovation to several sectors, it also exhibits a major yet-to-be-solved issue of scalability. In Dan’s words, “We have been supporting them since their earliest stages of development and are excited to see working products ship. Not only will this bring more liquidity to our ICO funds, but also bring additional robustness to blockchain infrastructure.” Blockchain Scalability Issue Attracts Synergistic Actions While Pantera Capital is an investment firm experienced in both traditional finance and emerging blockchain technology, Polkadot makes its own unique contribution by developing a technology that would make use of relay chains and parachains to connect separate blockchain networks, thereby enabling cross-chain communications with zero friction. Origin, on the other hand, will be focused on building a protocol that will facilitate the operations of decentralized marketplaces on the Ethereum smart contracts networks, ensuring direct connection between buyers and sellers. By using the Ethereum blockchain to eliminate the need for third parties that charge up to 30% commissions on transactions, Origin can bring about massive cost savings for the transacting parties. According to Origin, “The total addressable market within the sharing economy model is huge and so are the fees charged by the middlemen in control: Uber, Lyft, Airbnb and others. Eliminating these entities would reduce costs for both the buying and selling parties.” The post Pantera Capital Invests In Polkadot And Three Other DLT Projects appeared first on Coingape.

Celer Network Could Help Scale NEO And TRON

The Celer Network (CELR) could become a scaling solution for multiple blockchains. Representatives of the NEO team are discussing the possibility of integrating Celer’s layer-two scaling protocol with NEO’s blockchain platform, and a similar discussion is occuring with TRON (TRX) developers. NEO has already integrated with Trinity Network, an existing off-chain scaling protocol developed in-house by NEO developers. John Wang, NEO’s Director of Eco Growth and the $100M EcoBoost fund, says that an integration with Celer is now “under discussion.” According to sources familiar with the matter, Celer is also in conversation with the TRON team. A TRON spokesperson declined to comment on internal discussions. The Celer Network is designed as a scalable payments solution that uses smart contracts and DAG-based sidechains to facilitate fast and feeless transactions. Advocates say it is fifteen times faster than Bitcoin’s Lightning Network. CELR tokens are used as a means to transfer value across the network. There have been three token offerings so far, and the most recent sale on Binance Launchpad raised more than $4M for the project. Celer is blockchain-agnostic and can run on multiple chains simultaneously. It already supports Ethereum, Oasis, Thunder (TT) and the blockchain-based cloud computing project, Dfinity. The Celer team is also reported to be in talks with interoperability platform Polkadot, which might give constituent chains access to improved scalability. The discussion with Celer could be part of a push by NEO to gain more market share. The EcoBoost fund, unveiled back in May, will provide finance and long-term support for projects that benefit and strengthen the broader ecosystem. The NEO core team is currently focused on developing its version 3.0, which will improve stability and scalability as a means to draw users back to the network. According to John Wang, NEO’s current priority is infrastructure projects. “A public blockchain is more than a currency: it needs to have the infrastructure for lots of users to come to it…to enable people to do anything,” he said. The last couple of months have been devoted to creating the support network and the first tranche of grant receivers will be announced later this month. Based on the roadmap, NEO 3.0 should be ready sometime in Q1 2020. If the talks go according to plan, Celer may be a part of the new roll-out.   The post Celer Network Could Help Scale NEO And TRON appeared first on Crypto Briefing.

Web3 Foundation director departs after closing the second Polkadot token sale

Web3 Foundation (W3F) director Ryan Zurrer has left the firm, as his work “has been completed” after the closing of the foundation’s second token sale for its Polkadot project, according to a company statement.  W3F brought Zurrer on board in October 2017, immediately after its first Polkadot token sales of $144 million. The former venture capitalist was tasked to lead the second token sale, according to the statement. In June, Polkadot conducted its second private sale under W3F’s management and distributed 500,000 DOTs at a “successful” value, said W3F to The Block. The project is said to be valued at $1.2 billion after this second sale.  Join Genesis now and continue reading, Web3 Foundation director departs after closing the second Polkadot token sale!
The Block Crypto

ICO treasury balances steadily declining

According to research by The Block, the amount of ETH liquidated (or moved) from ICO treasury balances has been fairly steady over the past 12 months out of the 57 ICO projects we analyzed. On average, each company has liquidated/moved approximately 2,500 ETH per month (equivalent to ~$530,000 USD) over the past 12 months. Source: Diar, Etherscan, The Block In total, these 57 projects raised 8.2 million ETH. Of that amount, 5.9 million ETH (or 72%) has been either moved or liquidated.  Despite a 56% price appreciation for ETH year to date, over 600,000 ETH has been moved out of these projects' treasury balances within that same time period. Golem and Tezos have been the most aggressive sellers, liquidating (or moving) 138,000 and 121,000 ETH respectively. Source: Diar, Etherscan, The Block As of today, 2.3 million ETH or roughly 2.1% of the total Ethereum supply, is still held in these companies' treasuries (of which 480,000 ETH is stuck in the Parity bug). Of the companies analyzed, nine currently have balances above 100,000 ETH with DigixDAO, Polkadot, and Golem having the largest balances. *stuck in the parity bug Source: Diar, Etherscan, The Block Based on their current market cap, 12 of the companies analyzed are trading below the value of the ETH held in their treasuries alone. SingularDTV was the worst offender, with its treasury balance being worth 3.4x more than its market cap. Source: Diar, Etherscan, Coinmarketcap, The Block Although these ETH balances don't consider the amount these projects have in cash reserves, a large majority of these companies have yet to generate any meaningful revenue. As a result, it’s likely we see a continued sell-off of these treasury balances over time to cover the cost of operating expenses.
The Block Crypto

Polkadot protocol gets its first preview as side network launches

The Web3 Foundation is launching an early version of Polkadot called the Kusama network. The network is going to launch this summer, according to the press release shared with The Block. It is an “early, unaudited and unrefined release of Polkadot.Kusama,” and it will be used as a proving ground for developers who wish to create parachains or check out Polkadot’s functionalities in a real environment. Kusama is designed for young and high-risk projects that are planning future launch on Polkadot. The project is highly experimental. As the project is not a typical test-net but a “canary network,” it is not centralised and will not have a central kill switch. Kusama will have its own native token called KSM. Those who purchased DOTs will obtain an equal share of the Kusama network. For those who do not own the token, the Web3 Foundation will provide the tokens from its own holdings. In the future, 1 per cent of DOT tokens has been reserved for incentives for Kusama’s stakeholders and community. “Polkadot introduces so much cutting-edge technology that we decided to dispense using fake networks with pre-designed incentivizations and simply offer a blanket reward for the token holders and let the mechanics take care of themselves,” Said founder of Polkadot and the Web3 Foundation Dr. Gavin Wood. “Let’s take our first step into this unknown and see what chaos awaits.”
The Block Crypto

Crypto Exchange CoinFLEX to Launch Its First Initial Futures Offering for Polkadot’s DOT Tokens

Coinspeaker Crypto Exchange CoinFLEX to Launch Its First Initial Futures Offering for Polkadot’s DOT TokensToken issuance schemes in the cryptocurrency market have been taking new forms over the last few years. In 2017, the Initial Coin Offering (ICO) shot to fame during the crypto boom becoming a billion-dollar industry. However, after the crypto winter of 2018, the growing regulatory interference, and several scams, ICOs lost their sheen.Earlier this year, the concept of Initial Exchange Offering (IEO) gathered steam. A number of crypto exchanges like Binance, KuCoin, etc. facilitate IEO facility to launch new crypto tokens.Now, cryptocurrency futures exchange CoinFLEX – led by Polychain Capital – announces to launch its first Initial Futures Offering (IFO), ahead this week. Speaking to CoinDesk, CoinFLEX CEO Mark Lamb said:“This is the first time we’ve made a futures market for a coin that doesn’t actually exist yet. It’s a determiner of the price before the asset exists.”Polkadot’s DOT IFOCoinFLEX will be conducting its first Initial Futures Offering (IFO) for Polkadot’s DOT tokens. On Monday, July 15, CoinFLEX already started the pre-registration for buying Polkadot’s DOT tokens at a discounted rate of $75 per DOT.The IFO will launch on Wednesday, July 17, however, futures sales participants will need to purchase CoinFLEX’s native FLEX tokens. This model is similar to the one adopted by Binance which allows users to purchases other IEO tokens only through Binance Coin (BNB).The CoinFLEX exchange launched its native FLEX tokens earlier this month. Similar to BNB, the FLEX tokens are also useful to pay exchange fees and get access to exclusive opportunities.In the Polkadot IFO, nearly 300 FLEX token holders will get access to the DOT tokens at the discounted rate. Speaking to CoinDesk, a trader said that the $75 is just the over-the-counter rate for DOT contracts as the token launch is yet to happen. If Polkadot has to reach its target of $1.2 billion valuations, each DOT token needs to reach a price of $100.CoinFLEX CEO Mark Lamb said that the futures contracts will expire in four weeks after the token launch. He added:“In order to buy at the presale, you need to lock up a thousand FLEX. We don’t know when they [IFO contracts] expire, because we don’t know when mainnet is going to launch.”Crypto Futures Contracts for Pre-Launched AssetsBack in April 2019, the CoinFLEX exchange launched four futures contracts for Bitcoin (BTC) and Ethereum (ETH). Company CEO Lamb has said that the exchange also plans to launch Tron and BNB futures contracts by late summer.As most of the crypto futures contracts are currently around live assets like Bitcoin, it would be interesting to see the market enthusiasm and appetite for futures contracts associated with pre-launched assets.CoinFLEX’s head of business development, Emmanuel Alamu says that physically settled futures contracts have less risk over the cash-settled contracts.“IFOs are an innovative way for the market to develop price discovery and act as a barometer on the progress of these blockchains. We can handle dual margining and hence, enact rules that ensure both sides of an IFO trade will deliver their respective side of the digital asset,” Alamu added.Crypto Exchange CoinFLEX to Launch Its First Initial Futures Offering for Polkadot’s DOT Tokens

An offshore exchange is trialing futures contracts for yet-to-launch tokens, pitching ‘IFOs’ as the next trend

Count this as one of the most meta derivative products to enter the crypto market this year: a future on a token that hasn't launched.  CoinFLEX, a Seychelles-based cryptocurrency derivatives exchange, announced the launch of the new product Tuesday as part of a broader offering dubbed "initial future opening," a play on the myriad acronyms in crypto that end in "o" like ICO, IEO, and STO.  The idea behind the new offering is to provide exposure to token projects that are fundraised via private sales. Prior to the launch of such projects, tokens are traded in the form of illiquid SAFTs. Indeed, CoinFLEX said Polkadot's DOT token market is "extremely illiquid," "entirely dark," "entirely OTC" (over the counter), and that there is "zero transparency."  With the Polkadot IFO, CoinFLEX aims to solve these issues as these contracts are "over-margined on the short side," meaning sellers have to post more margin than the value of Polkadot itself. "This protects the buyers as in any event where Polkadot moons, we've already collected extra funds from the seller to protect against them defaulting." Polkadot mainnet is expected to launch by year-end. The firm recently closed the private sale of 500,000 DOTs, at a $1.2 billion reported valuation. IFOs also allows users to take a position either way, CoinFLEX said. "If you think it's going to be the next best thing, buy some Polkadot futures. If you think it's going to fail, short it." The exchange further said that it is planning to launch "a number of" such IFOs in the future. CoinFLEX, a spin-out of UK-based Coinfloor, has struggled to eat into the volumes of other Asia-based derivatives marketplaces, including kingpin BitMEX.  CoinFLEX is hoping that a diverse product suite will lure new traders to its platform over others with deeper liquidity. To that end, it is in the process of preparing to launch physically delivered futures for Binance's native token BNB, Tron's TRX and Bitfinex's LEO tokens and expects these markets to be "very popular as a cash-settled instrument on these illiquid markets would be exceedingly dangerous." As for the IFO offering, some market participants noted that physically settled futures on margin present risk.  "If you're leveraged long with a physically delivered future, on the other side is someone who is leveraged short, and who knows if that person can deliver the physical settlement," Darius Sit of trading firm QCP told The Block.  B2C2 CEO Max Boonen said all products have their upside and downside.  "All products can be good or bad. One can think of reasonable use cases here (e.g. Polkadot developers looking to lock in future pay), although of course all derivatives can be used for speculation," Boonen said in an email.  Isabel Woodford and Yogita Khatri contributed to this report https://www.theblockcrypto.com/2019/03/18/inside-the-polychain-backed-offshore-futures-exchange-hoping-to-beat-bakkt/
The Block Crypto
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Privacy-focused Brave browser boasts 8M monthly active users

Privacy-focused internet browser Brave has hit 8 million-mark in terms of monthly active users. Announcing the news on Wednesday, Brave said daily active users, on the other hand, have surpassed the 2.8 million mark. The browser, with opt-in blockchain functionality, also compensates content creators, users and advertisers in its native Basic Attention Token (BAT) for viewing online ads. Brave said it has delivered nearly 400 ad campaigns to date. The browser maker further said that it now has over 290,000 verified publishers - 200,000 of those are YouTube creators, 33,000 website publishers, 15,000 Twitch streamers and 28,000 are Twitter accounts. Brave also offers a cryptocurrency wallet for ether (ETH), ERC-20 tokens and collectibles, including BAT.
The Block Crypto

Binance CEO: BNB no longer reliant on reducing supply to increase value

Today, Binance exchange announced that they had completed their 9th quarterly BNB token burn in accordance with the token’s whitepaper. Over 2 million BNB worth around $36.7 million was burnt during this process. This is the second-largest burn of BNB tokens in terms of U.S. dollar value, trailing only behind their 2nd quarterly burn of 1.8 […] The post Binance CEO: BNB no longer reliant on reducing supply to increase value appeared first on AMBCrypto.

Crypto.com - OKEx Pool to Offer CRO Staking to Millions of OKEx Users

HONG KONG, Oct. 17, 2019 /PRNewswire/ -- Crypto.com has partnered with OKEx Pool to offer its staking service for Crypto.com Coin (CRO). The millions of OKEx users now can conveniently stake CRO and enjoy staking rewards on the OKEx platform. Crypto.com Chain is a high-performing blockchain powering the crypto payment solution Crypto.com Pay, which allows users to pay or get paid in crypto anywhere, thus driving cryptocurrency adoption globally. The Crypto.com Chain Thaler testnet (alpha version) was launched in September 2019. When the Crypto.com Chain Mainnet goes live, it will be entrusted with key roles on the network, including but not limited to: Execute settlement Order transactions Verify all transactions Provide an escrow ("Proof of Goods & Services Delivered") service ...Full story available on Benzinga.com

Why Satoshi Nakamoto Created Bitcoin?

Through Innovation, everyone aims at changing the plan of action and making changes in the current condition to conduct better items or services. Productive development ought to be an important piece of one's business technique, where someone can make a culture of innovation and make a way for creative thinking. It can also increase the likelihood of one's business succeeding and can create more efficient processes that can result in better productivity and performance. Innovation and creativity are what should someone have to make a difference in the world. One of the most innovative advancement today is the creation of bitcoin. As said to this article, Bitcoin has been the preeminent cryptocurrency since its inception and continues to lead all others by a significant margin. Let’s look at some of the statistics: There are nearly 18 million BTC in circulation and, with a current price of around $8,300, that puts the market cap at over $150 billion. With a daily volume of over $15 billion, Bitcoin trades more than double the next highest-ranked cryptocurrency. To see just how significant Bitcoin is on the global market, it can be useful to look at the user numbers as well. Even though the bitcoin market already reached a legendary status in the crypto world, The creator of Bitcoin has managed to remain anonymous for over a decade. Just using Satoshi Nakamoto as a pseudonym. But why did he created bitcoin and remain unknown to everyone. One of the reasons is to solve some societal problems easily, Satoshi came up with creative answers to solve certain problems in the business. Many times an individual face problems that don’t seem to go away. The answer is to think outside the box to find an answer one never come up with. This way one can make a product, a creative solution to the problems face in the market and make one's business better. Keep in mind that thinking innovatively is the easiest way to beat competitors in the market. Just like what bitcoin did, it dominates the cryptocurrency transactions and remain the number 1 cryptocurrency on the Coinmarketcap. It seems that perhaps the achievements of bitcoin it's impossible to know the true Satoshi. He has become a larger than life character; people have heaped upon him so much of their ideas about who he should be and how he should act, that no one person can live up to the idea that Satoshi has become.
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