Announcement news

A formal public statement about a fact, occurrence, or intention.

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Citigroup Stock Recovers 5% on Positive Earnings Announcement

Barron’s reported early Monday morning that Citigroup stock had “slumped” after a positive earnings report that also showed a substantial revenue miss, but by the time of writing the trend was reversing on the NYSE. Citigroup (NYSE:C) is the fourth largest US bank with nearly $2 trillion in assets. Citigroup posted earnings of $4.3 billion The post Citigroup Stock Recovers 5% on Positive Earnings Announcement appeared first on CCN

This is Crypto Life: TRX Pump Following BitTorrent Announcement Returned TRON The $126M Acquisition Cost

The cryptocurrency community has expressed noted negativity surrounding the details of Tron’s acquisition of BitTorrent and the subsequent plans to issue the so-called BTT Token. BitTorrent’s Acquisition Paid Back By Its Impact on TRX Price TRON (TRX) acquired the software company BitTorrent back in July 2018 for the reported $126 million. The chances are that you’ve used BitTorrent at least once in your life if you’ve ever downloaded a movie, audio album, or something else through a torrent on the internet. Six months later, and somewhat unsurprisingly, Tron announced the issuance of the so-called BTT token, which is supposedly going to increase support for BitTorrent’s network. However, the event has been received with a severe dose of overwhelming negativity from proponents of the cryptocurrency community. An excellent outline by Alex Kruger points out that Tron Foundation – the company behind the platform Tron, is owned by Justin Sun and kept 60% of all TRX tokens, while the rest 40% were sold through TRON’s ICO. The tokens are currently worth around $1.44 billion. Since Tron announced the plans for BTT’s token issuance, the price of TRX has increased with roughly around 20%. Those gains are equal to about $270 million. Keep in mind that Tron Foundation retains 60% of the tokens, meaning that its share of the deal is roughly equivalent to $126 million, making BitTorrent’s acquisition completely “free.” A great start to 2019 presented by TRON, following 70% gains A Wave of Negativity Among The Crypto Community Soon after the announcement of BTT, the cryptocurrency community reacted in a somewhat negative way. Jackson Palmer, the creator of the popular Dogecoin, is amongst the many to share his opinion: “The BitTorrent Brand is going to die the slow, painful death of becoming a scammy ICO token. Perhaps the open source community can rename the protocol itself to dissociate with this nonsense.” – Tweeted Palmer. The “BitTorrent” brand is going to die the slow, painful death of becoming a scammy ICO token. Perhaps the open source community can rename the protocol itself to dissociate with this nonsense. — Jackson Palmer (@ummjackson) January 14, 2019 It’s worth noting that Tron’s network is supposedly utterly incapable of supporting the transactional demand of the BitTorrent client, according to the company’s former CSO David Z. Morris. “It was very clear when I was (at BitTorrent) that there was no way the transaction capacity of Tron would (work),” says Morris, sounding more bemused than angry. “The transactional capacity we (were) looking at was needing hundreds of transactions a second just to get started. It’s simply not there. You hear all the bullshit out there, oh, this does 10,000 transactions a second. It’s all crap. We were going to melt Tron. Literally, destroy it. – Said Morris in late November 2018. CryptoPotato recently reported that Binance Launchpad would feature BitTorrent’s fundraising as one of its two first 2019 projects launched through the Launchpad platform.     The post This is Crypto Life: TRX Pump Following BitTorrent Announcement Returned TRON The $126M Acquisition Cost appeared first on CryptoPotato.

Ethereum Constantinople Upgrade Announcement

The Ethereum network will be undergoing a scheduled upgrade at block number 7,080,000, which is predicted to occur on Wednesday, January 16, 2019. The exact date is subject to change depending on block times between now and then and could be activated 1-2 days before or after. A countdown timer...
Ethereum Foundation Blog

Tron [TRX] gains support from OKEx for margin trading, post BitTorrent airdrop announcement

The whole cryptocurrency witnessed the bear’s wrath earlier today, with a majority of the coins spotted bleeding in double digits within a fraction of minutes. This included all the top currencies in the market such as Bitcoin [BTC], Ethereum [ETH], XRP, Litecoin [LTC], and Tron [TRX]. To add on, Ethereum [ETH] lost its second position to XRP again, right after the bear’s first strike. Tron [TRX], a leading cryptocurrency in the market, was making the most out of the bull market as the currency rose from the tenth position to place itself at its current eighth position in the market and claiming the throne of the biggest winner in the market. However, the coin was unable to escape the bear’s wrath, as it was amongst the coins that had seen a loss in double-digit and dropped to the ninth position. Nonetheless, the coin is recovering much faster than any other cryptocurrency, gaining back all it lost in the market. According to CoinMarketCap, at press time, Tron was trading at $0.0273 with a market cap of $1.82 billion. The cryptocurrency recorded a trading volume of $776.08 million and saw a rise of over 36% in the past seven days. Amidst all the major market movement, OKEx, one of the leading cryptocurrency platforms in the space, has stepped forward to give the coin an additional push in the market. The exchange announced the opening of the marginal market for the coin. With this service, customers will be able to open a position for the coin with leverage, money borrowed by the exchange for trading. Additionally, a trader can either short or long their position based on the market trend for the cryptocurrency. The exchange platform has announced that the coin will be paired with Tether [USDT] and Bitcoin [BTC] for margin trading. OKEx has also stated that the customers of the platform will be able to either avail 2x leverage on their available balance or the maximum amount mentioned by the exchange, with the preference given to the smallest amount. Available loan amount for Tron on OKEx | Source: OKEx Justin Sun, the Founder and CEO of Tron Foundation said on Twitter: “Thanks for support. @OKEx #TRON“ KYxWarMonkey, a Twitterati said: “I knew once I went 100% all in on #trx #tron you [Justin Sun] would take care of us and you answered very well! Can’t wait to see Trons future! Xoxo” Recently, the coin was in the spotlight because of the announcement pertaining to BitTorrent, the largest Torrent platform in the world. The Foundation unveiled the BitTorrent token [BTT] whitepaper, a TRC10 cryptocurrency, and announced that the crowdfunding of the token would be held on Binance’s new platform, Binance Launchpad. To add on to investors delight, Justin Sun announced that the BitTorrent token would be airdropped to the whole Tron community – all the TRX hodlers. The post Tron [TRX] gains support from OKEx for margin trading, post BitTorrent airdrop announcement appeared first on AMBCrypto.

AMD’s Stock Spikes by 11 Percent After Announcement of Partnership with ConsenSys

According to a press release from ConsenSys, published on January 4, 2019, the blockchain startup has entered into a partnership with the American technology company AMD and Abu-Dhabi-based investment management firm Halo Holdings to propel the adoption of blockchain technology in the UAE. The announcement had a positive impact on AMD’s stock price, as it jumped by almost 11 percent on...Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
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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

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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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) Grayscale Tweet Grayscale BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 Nasdaq Tweet -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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