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Ethereum, EOS DApp Daily Active Users (DAU) Hits ‘All-Time High’

On Tuesday, Oct. 9, Ethereum and EOS dApp users reached an all-time high of 65,000 daily active users, according to data from DappRadar. Gambling dApps High on the List According to Twitter user and avid crypto-watcher Kevin Rooke, most of those users were active on dApps listed in the high risk or gambling categories. Rooke said in his post on Twitter regarding the trend: There were over 65,000 active users on ETH and EOS dApps today, a new all-time high for dApp traffic 51,000+ on EOS15,000+ on ETH 45,000+ of those users were using gambling-related dApps For reference, CryptoKitties briefly hit 10,000 DAUs shortly after launch pic.twitter.com/4UjeF5plge — Kevin Rooke (@kerooke) October 9, 2018 Indeed, the very top spot on the list of ETH dApps was taken by 333ETH, a high-risk investment app that claims investments made using it are “guaranteed by the Ethereum blockchain” and promises returns of 3.33 percent per day. The app saw an over 20 percent boost in activity over the past 24 hours, with 2,233 active users. Three out of five of the top EOS dApps were in the gambling category, with some seeing an over 1,000 percent bump in user activity in the past day. The EOS dApp BetDice moved over 4 million ETH in the past 24 hours, according to the listings. Gaming dApps on the Decline? Rooke also noted that the popular gaming dApp CryptoKitties, number nine on the list of most popular ETH dApps in the last 24 hours, reached 10,000 users on its own shortly after it was launched. According to DappRadar, CryptoKitties peaked at over 14,000 users last year. CryptoKitties all-time user data, courtesy of dappradar.com. Related: Top 5 Ethereum Decentralized Applications (dApps) by Daily Active Users – Sept. 20 Gaming dApps took three of the top ten ETH dApp spots, and the rest were occupied by high-risk dApps, gambling dApps, and exchanges. Only one gaming dApp made the top ten EOS dApps, with the rest of the slots occupied by dApps categorized as gambling, other, or exchanges. Almost a month ago, CryptoSlate released a report of the top five ETH dApps by active daily users, and the list has changed quite a bit since then. 333ETH was still there, at number two, but only one gaming dApp remains in the top five today as opposed to three in September. The post Ethereum, EOS DApp Daily Active Users (DAU) Hits ‘All-Time High’ appeared first on CryptoSlate.
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EOS destroys Ethereum [ETH] in dApp usage, over 4x more users as gambling apps take the spotlight

Many have claimed distributed apps [dApps] are the next frontier in the blockchain space. Recently, prominent dApp blockchains Ethereum [ETH] and EOS saw about 65000 daily active users on their platforms. dApps are similar to existing applications, instead offering decentralization as their main difference. This drives those who are focused on removing central servers and parties from their application to develop dApps. Moreover, users will also be able to use them with no need for a server-side implementation of the application, as it functions off a smart contract. The computing required by the application is usually outsourced to the blockchain. This makes the number of users on dApps on a platform a good indicator of how much the platform is being used. Out of the 65,000 users, around 51,000 were on EOS. Out of these, a whopping 45,000 were on dApps related to gambling. However, the top dApp is one known as PRA CandyBox and boasts of over 6000 users in the last 24 hours. It is followed by EOS Knights and BetDice, which have 1800 and 800 users respectively. A majority of EOS is exchanged through the gambling dApps, with over $760 million processed through the top 6 gambling apps in the last 25 hours. Gambling dApps exist as one of the most popular options for players, as the presence of the app on the blockchain allows for a fair bet made every time. By contrast, the dApp with most users on Ethereum is the 333Eth dApp, with around 2233 users in the past 24 hours. IDEX and ForkDelta, which are both decentralized exchange platforms, are second and third with 1400 and 1000 users respectively. The post EOS destroys Ethereum [ETH] in dApp usage, over 4x more users as gambling apps take the spotlight appeared first on AMBCrypto.
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Ethereum dApp Flagged by Crypto Wallet MetaMask as ‘Active Scam’

Ethereum-based decentralized application 333ETH, one of the protocol’s most used dApp, has been labeled as an “active scam” by cryptocurrency wallet MetaMask, reported Hard Fork on Sept. 28. Accessing 333ETH via MetaMask throws up a caution message to visitors–stating the website is flagged for malicious reasons and may compromise user data. 333ETH is the most popular application on dAppRadar–a blockchain app marketplace–and provides smart contract-powered “investment distribution” services to users, promising investors a fixed daily return. With such marketing promises, the platform’s activities are similar to traditional investment frauds which promise fixed returns on automated trading of underlying assets. However, no investment platform in the world can guarantee fixed returns in a trading market, and more unplausibly in the notoriously volatile cryptocurrency market. Recently, tech website Mashable compared the platform to a Ponzi Scheme, breaking down its 3.33 percent daily return promise on 83 percent of a user’s initial investment–taking the 17 percent for “marketing, technical support, and payroll” costs. While the system may work as promised, the dividends would presumably stop after the new investments fail to come in, a post which the guaranteed return scheme collapses. However, the 333ETH team page does promise to provide “security of contributions and life-long payments guaranteed by the Ethereum blockchain.” Perhaps the only respite is the presence of smart contracts governing the 333ETH platform, meaning the dApp’s creators may not pull an elaborate exit scam and run away with all user funds. The dApp’s promises aside, investors and crypto enthusiasts have propelled 333ETH to the number one Ethereum application in terms of daily user activity. Over 1,700 contributors visit the dApp daily, and upwards of $3 million have been processed in ETH via the inbuild smart contracts. Interestingly, the dApp triumphs over decentralized exchanges IDEX and ForkDelta regarding sheer user base–a metric which reflects the trading mentality of the cryptocurrency market currently. While the team at MetaMask is cautioning users from its end to avoid any untoward incident in the future–which could spur into a domino effect that creates investor panic in the broader cryptocurrency market–flagging such crypto-scams is essential to the growth of the cryptocurrency market. The post Ethereum dApp Flagged by Crypto Wallet MetaMask as ‘Active Scam’ appeared first on CryptoSlate.
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Best Bitcoin, Blockchain and Cryptocurrency News For Today [VIDEO] Recap

Knowledge Academy Survey Concludes Most Americans Are Unsure What ‘Bitcoin' Actually Means Knowledge Academy Survey Concludes Most Americans Are Unsure What ‘Bitcoin' Actually Means French Stock Market Regulator AMF Blacklists Dozens of Cryptocurrency Sites French Stock Market Regulator AMF Blacklists Dozens of Cryptocurrency Sites National Bank of Ukraine (NBU) to Entertain a State-Backed Blockchain Cryptocurrency Tied To Local Fiat National Bank of Ukraine (NBU) to Entertain a State-Backed Blockchain Cryptocurrency Tied To Local Fiat XRP Coin to Fiat ATM Withdrawal Sparks Excitement in Ripple Crypto Community XRP Coin to Fiat ATM Withdrawal Sparks Excitement in Ripple Crypto Community Swiss Financial Services Company SEBA Crypto AG Secures $103 Million to Build Bitcoin Bank Swiss Financial Services Company SEBA Crypto AG Secures $103 Million to Build Bitcoin Bank China's Xinhua News Agency Report Shows Crypto Investors Are Bypassing ICO Ban China's Xinhua News Agency Report Shows Crypto Investors Are Bypassing ICO Ban Ripple's New Payment Option xRapid Strives to Launch XRP Coin Price into 2018 Highs Ripple's New Payment Option xRapid Strives to Launch XRP Coin Price into 2018 Highs SEC Charges Online Marketers for Promoting “Get Rich Quick” Binary Options Trading Scheme SEC Charges Online Marketers for Promoting “Get Rich Quick” Binary Options Trading Scheme Colombian Congress Hears Local Feedback About Inconsistent Crypto Regulation Draft Bill Colombian Congress Hears Local Feedback About Inconsistent Crypto Regulation Draft Bill New Penn Law Study Concludes ICO Blockchain Projects Failed to Keep Whitepaper Promises New Penn Law Study Concludes ICO Blockchain Projects Failed to Keep Whitepaper Promises Crypto Wallet MetaMask Bans Ethereum's Most Active dApp 333ETH Crypto Wallet MetaMask Bans Ethereum's Most Active dApp 333ETH LINE Blockchain's 5 New Decentralized Apps: Wizball, 4CAST, Pasha, TAPAS and STEP LINE Blockchain's 5 New Decentralized Apps: Wizball, 4CAST, Pasha, TAPAS and STEP Shocking Pornhub Report Reveals Crypto Subscriptions Account For Less Than 1% Of Its Users Shocking Pornhub Report Reveals Crypto Subscriptions Account For Less Than 1% Of Its Users New Cryptknocker Mining Software by GMO Internet Lets Miners Mine Zcash using GPUs New Cryptknocker Mining Software by GMO Internet Lets Miners Mine Zcash using GPUs New Cryptocurrency Term “Institutional FOMO” Shares Bitcoin Buying Habits for Investors New Cryptocurrency Term “Institutional FOMO” Shares Bitcoin Buying Habits for Investors BitGo CEO to Talk on “Securing the Trillion Dollar Wallet” at Stanford University BitGo CEO to Talk on “Securing the Trillion Dollar Wallet” at Stanford University Everbloom Decentralized Exchange (DEX) Seeks Licensed Broker-Dealer Status Everbloom Decentralized Exchange (DEX) Seeks Licensed Broker-Dealer Status Monero Community Slams Cryptojackers As XMR Crypto Mining Malware Hits Government Sites Monero Community Slams Cryptojackers As XMR Crypto Mining Malware Hits Government Sites Official ESMA Release Gives Crypto-Based Contracts for Differences (CFD) Less Roadblocks Official ESMA Release Gives Crypto-Based Contracts for Differences (CFD) Less Roadblocks Examining Mike Novogratz Bitcoin Bottom Belief Prediction: Is the BTC Bull Right? Examining Mike Novogratz Bitcoin Bottom Belief Prediction: Is the BTC Bull Right?
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Crypto Startup MetaMask Marks Ethereum (ETH) DApp As A Scam

Ethereum DApp 333ETH Meets MetaMask As reported by The Next Web’s cryptocurrency column just recently, MetaMask, the cryptocurrency startup known for its wallet and decentralized application (DApp) explorer/access point, has just classified a popular Ethereum-based DApp as an “active scam,” blacklisting it in the process. For those who aren’t in the loop, MetaMask is the primary mode for investors and cryptocurrency enthusiasts to access popular Ethereum DApps, so a blacklist from MetaMask is a large setback for any aspiring cryptocurrency startup company that may be eyeing the use of smart contract-focused applications. Users with MetaMask’s extension installed will now be met with an intense warning message (seen below), which highlights the apparent scam if they attempt to visit the site of 333ETH, the DApp that was called out by the aforementioned startup. Image Courtesy of MetaMask Via The Next Web So why did this happen? You may be asking. Well, after doing a quick dive into the suspected scam, it became apparent that there is credence behind MetaMask’s move to take such drastic action. 333ETH is a self-proclaimed “automated investment distribution” platform that touts daily returns that would make investors in legacy capital markets jealous — if the service was legitimate that is. The reason why the platform has come under fire is due to its claim that after taking investor’s initial capital allocation for “marketing,” “technical support,” and “payroll,” that users will be able to gain a 3.33% dividend on their investment each and every day via a smart contract system. Anyone with the slightest bit of math prowess can quickly do the numbers and realize that such returns are near-impossible to offer, as interest compounds as you are likely aware of. Doing some napkin math, the dividend figure offered would compound to hundreds of thousands percent over the span of a year, which is obviously unattainable for even the most successful traders and fund managers. Not only that, but the service reportedly offers a referral service, which made many skeptics think of the recently-deceased BitConnect. Despite clear signs that 333ETH is running some semblance of a classic Ponzi or pyramid scheme, 333ETH remains the most popular app on DAppRadar, a popular cryptocurrency statistics visualizer and provider. In fact, it currently has over 1,700 active users who have gained over $3 million worth of Ethereum from the smart contract over the past 30 days. Moreover, according to the so-called “Ethereum Phishing Detector,” the site has tested positive for being a scam, indicating that something is amok. Not only this, but multiple members of the cryptocurrency community have also come out to say that something is fishy about the investment opportunities that 333ETH offers. Mashable contributors recently likened the platform to a Ponzi scheme, referencing the clear pyramid-like structure and the sky-high returns. While 333ETH is a topic of growing controversy, its smart contract still holds over 7,000 ETH, or approximately $1.5 million in terms of dollar values and it seems like this balance won’t dwindle any time soon. Photo by chinmayee bagade on Unsplash The post Crypto Startup MetaMask Marks Ethereum (ETH) DApp As A Scam appeared first on Ethereum World News.
Ethereum World News

‘Active Scam’: MetaMask Adds Optional Block of Top Ethereum Decentralized App

‘Active Scam’: MetaMask Adds Optional Block of Top Ethereum Decentralized App Cryptocurrency wallet and Ethereum decentralized app (DApp) extension MetaMask has blocked the most popular DApp for Ethereum, 333ETH. The Next Web reported on the block Friday, September 28. 333ETH promises “lifelong” payouts of Ether (ETH) to investors’ wallets via smart contracts upon an initial down payment. The latest in a series… The post ‘Active Scam’: MetaMask Adds Optional Block of Top Ethereum Decentralized App appeared first on Altcoin Today.
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Stellar Price Analysis: Grayscale Announces XLM Based Trust; XLM/USD Stuck Within Bearish Structure

Global digital asset management firm, Grayscale, has announced an investment vehicle based around XLM. XLM/USD is moving within the confinements of a bearish pattern structure, subject to a breakout south. XLM/USD has been subject to very narrow and choppy trading, which has been going on for the past eight sessions now. Price action is moving […] The post Stellar Price Analysis: Grayscale Announces XLM Based Trust; XLM/USD Stuck Within Bearish Structure appeared first on Hacked: Hacking Finance.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
Bitcoin Central

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
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BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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