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Poloniex Exchange Adds Cosmos Atoms Tokens to Be Tradable and Redeemable

Customers of the Poloniex exchange can now trade and redeem Atoms without any hassle. Poloniex, one of the world’s largest cryptocurrency exchange platforms, and indeed the only one where ICO participants are free to redeem their tokens, just sanctioned the service. Deposits, withdrawals, and ICO redemptions for Cosmos Atoms are now live! ATOM/USDC, ATOM/BTC & […]
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Which Coin Had Gained 4500%? Crypto Weekly Update: Bitcoin’s 2019 High, South Korea’s Back, Bakkt and More

Following last week’s correction, Bitcoin started yet another cycle as the enthusiasm around Initial Exchange Offerings (IEOs) continues and more exchanges are stepping in. However, it’s important to determine whether the current price action will be beneficial for the cryptocurrency market in the long-term or if the current hype will fade-away just like it did back in 2017. In any case, it appears that the IEOs trend is one of the main causes for the recent gains, as there is no other reason to attribute these gains to except for the halving which is scheduled for May next year. This week’s market events include Cosmos trading with ATOM, which started in the first few hours and traded at a staggering 4500% dollar-wise. It’s important to consider that investors haven’t yet received their tokens and that a correction is expected. Apart from that, a lot of the altcoins were trading in the green this week. Cryptocurrencies such as Tezos (XTZ), Basic Attention Token (BAT), and Binance Coin (BNB) were amongst the leaders, providing their investors with impressive gains. Meanwhile, the market dominance is slowly shifting in favor of Bitcoin as the BTC Dominance index is currently at 53.3 percent after a nice weekly increase. To wrap it up, we’ve had yet another positive week and 2019 continues to be a rather successful year for the entire cryptocurrency market. Market Data Market Cap: $184.9 B 24h Vol: $51 B BTC Dominance: 53.4% BTC: $5,596 9.2% ETH: $175.3 6.9% XRP: $0.32 1.2% BTC Shorts (BFX): 24.7 K BTC BTC Longs (BFX): 23.9 K BTC Crypto News Former E&Y Blockchain Big Hitter Quits Overcrowded Crypto Space. Angus Champion de Crespigny, former cryptocurrency leader at Ernst and Young has said that he’s taken a role outside of the crypto industry as he thinks the market won’t become rational in the foreseeable future. However, he also maintains his belief that Bitcoin can truly transform the world but not in the short term. LedgerX Reveals bid to Beat Bakkt to Physical Bitcoin Futures Launch. Popular provider of cryptocurrency derivatives, LedgerX, has announced plans to become the first US company to offer physically settled Bitcoin futures contracts. LedgerX’s product will be geared toward investors of all sizes and not just institutional participants. Will Visa, Mastercard, PayPal Be Eclipsed By Crypto? Bitcoin Data Shows It’s Already Happening. Recent research by Blockdata revealed that traditional payment processors such as Visa and Mastercard pale in comparison to Bitcoin by many measures, particularly in their expensive transaction fees. You Can Now Shop With Bitcoin on Amazon Using Lightning. Moon, a cryptocurrency payment processing startup, has recently announced its browser extension which will allow any lightning-enabled wallet to shop at e-commerce sites such as Amazon. While the extension is currently being reviewed by the Chrome Web Store, it’s expected to launch on Wednesday, April 24th. Hacked Crypto Exchange Zaif Resuming Full Services Under New Owner. In 2018, Japanese cryptocurrency exchange Zaif was hacked for about $60 million. Now, the company announced that it has signed over its business to Fisco – a local investment firm and expects to resume full operations. South Korean Comeback? Korean Crypto Investments Rise by 64.2 Percent in 12 Months. Despite the prolonged bear market, South Korea has seen a notable surge with 64.2 percent in the overall value of cryptocurrency investments over the last year. While the number of investors is nowhere near that during the peak in 2017, the study gives signs of positivity. Charts This week we have a chart analysis of Bitcoin, Ethereum,Ripple,SIA and Chainlink – Read more here. The post Which Coin Had Gained 4500%? Crypto Weekly Update: Bitcoin’s 2019 High, South Korea’s Back, Bakkt and More appeared first on CryptoPotato.

Cryptocurrency Exchange Kraken Lists Cosmos’ ATOM Digital Token

Cryptocurrency exchange Kraken on April 21, 2019, announced that it has listed Cosmos (ATOM), a proof-of-stake digital currency that utilizes the Tendermint consensus protocol. Kraken’s users will now be able to buy, sell, and store ATOM digital tokens. Kraken Lists ATOM After following Binance and other exchanges in delisting the controversial cryptocurrency Bitcoin SV (BSV),Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Cosmos (ATOM) Proof of Stake Coin Listed By Kraken Exchange, to Include Five Trading Pairs

Earlier this week, BitcoinExchangeGuide had reported about Kraken Exchange delisting BSV. Critics have argued that delisting is a form of censorship, and some fear that exchanges will drop other coins due to public pressure. However, crypto leaders such as Charles Hoskinson of Cardano have argued that exchanges can do as they wish. Amidst this controversy, […]
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Ethereum Can’t be Global Settlement Layer Without Solving Scalability Trilemma

Ethereum’s aim to be the main global settlement layer could only be a reality when the network has addressed its scalability trilemma, the CEO of IOST blockchain has surmised. “Before a public blockchain network can truly cement its future as the global settlement layer, it needs to solve the scalability trilemma i.e overcome the hurdle of achieving true scalability, security, and decentralization simultaneously,” Jimmy Zhong notes via email. Zhong’s comment is in response to the path towards Ethereum 2.0 – as laid out by the founder of ConsenSys, Joe Lubin, in his Deconomy conference talk – and why Ethereum remains the only viable candidate to be a global settlement layer for a decentralized world economy. Held at the Jangchung Arena in the first week of April, the gathering which also had the likes of Vitalik Buterin, Andreas Antonopolous and Changpeng ‘CZ’ Zhao on ground, presented Lubin the opportunity to make his case for why Ethereum is the optimal choice to be a global settlement layer now after picking out the odds in other platforms including EOS, Polkadot, IBM’s Fabric and Cosmos. Lubin also touched on Ethereum’s scalability issue: “Ethereum is innovating fast with respect to scalability at both layer two and layer one. And layer one is the only current candidate to be a base settlement layer for the planet because it favors availability and liveness over consistency, bolstered by relatively fast finality, and the project is the most rigorous of any out there about being maximally decentralised.” He adds that as the world gets tokenised, established financial houses and traders will seek to manipulate markets for their interests hence the need for “a maximally decentralized base as the foundational settlement layer of the global economy.” However, Zhong differs. With another side to the view hinging on his belief that platforms like IOST are well positioned for a truly successful start based on architecture. He stated: “First generation blockchains like Ethereum promise decentralization, but that comes at the cost of scalability, as it currently can only handle 14 transactions per second. Second generation blockchains have come along since to offer higher throughput, but they do so at the expense of security and decentralization, with groups of super nodes controlling the network. He also touts the platform’s technology and its network of reported 200 partners and developers in the ecosystem as factors that place IOST as “a front running candidate to becoming the global settlement layer for the decentralized world.” “IOST’s blockchain addresses the scalability trilemma through its unique Proof-of-Believability Consensus Mechanism (PoB), combining the decentralized benefits of Proof-of-Work (PoW) and Proof-of-Stake (PoS) systems, where hundreds, if not thousands of nodes can participate in block production and securing of the network. By algorithmically selecting a set number of validators for each round of block production ensuring node rotation, decentralization and security, the process allows for a higher throughput of up to 8,000 transactions per second, addressing both scalability and centralization issues of other protocols. Our first layer utilizes a pledge-plus-vote-model to limit the risk of Sybil attacks, ensuring higher security levels for all in the network.” IOST claims to have processed over 25 million transactions in the first month of its main net launch with a peak of 580,231 transactions on April 6 to surpass that of Ethereum’s (558,272) by 20,000.

ArcBlock tackles blockchain scalability by leveraging decentralized cloud computing

ArcBlock has recently released the next milestone in its roadmap—ABT Node, which combines the worlds of cloud computing and decentralized blockchains. CEO Robert Mao and marketing lead Matthew McKinney describe the new update in an interview with CryptoSlate. ArcBlock is building a platform for connecting protocol-level blockchains, similar to Polkadot and Cosmos. A brief compare sheet of today’s interconnected blockchain network The Seattle-based company describes its service as a “3.0 blockchain” that enables applications to interact with networks such as Bitcoin, Ethereum, and Hyperledger from a single codebase. The network aims to create an ecosystem of DApps that are “interconnected, interoperable, and independent, with no centralized controller.” ArcBlock (ABT) is currently ranked 160th based on market capitalization and is currently trading at $0.252 at time of writing. The ABT token is used for paying for access to the ArcBlock system. It Starts at the Node According to McKinney, ABT Node aims to become the “world’s simplest blockchain node software.” For most cryptocurrencies, running nodes has been relegated to enthusiasts who are hardware and software savvy—or to full-scale server operations for cryptos with more centralized mining. Cryptocurrency mining is intentionally resource intensive, and the computations produced from proof-of-work mining have little value outside of securing a public blockchain network. McKinney emphasized that unlike proof-of-work, “ArcBlock’s mining model is based on value generation for the network.” Resources dedicated to securing the network are also tasked with performing useful computation as well—enabled by a proof-of-stake consensus mechanism, according to ArcBlock’s technical documents. For those wishing to participate in ArcBlock mining or learn more, check out this link. Cloud Computing Meets Blockchain ArcBlock leverages cloud computing servers rather than mining farms to give users the resources they need to build DApps—much like the current paradigm in modern software. The company goes as far as claiming that its software is the first that can run AWS spot instances in a decentralized manner. These nodes require “no centralized hubs or relays,” with the company describing the system as “completely decentralized.” To achieve this, the protocol utilizes proof-of-stake consensus with its ABT token. Explorer the ArcBlock Network using the official universal block explorer including the blockchain timeline, or monitor network status with a community-maintained block explorer Allegedly, nodes spun-up through this cloud computing model are fault tolerant, automatically upgraded, and easily migratable. Moreover, they can be run locally, connected direct-to-user, or connected to a public network to offer services online. In the first 24-hours of availability, ArcBlock saw more than 10,000 downloads, demonstrating there is strong interest in their approach. ABT Node recently provided several reference architectures using low-cost Digital Ocean servers and AWS spot instances for product blockchain networks. Using Digital Ocean’s $15 a month droplet, a user can secure 100 transactions per second (TPS) on the network, solving the bottleneck present in proof-of-work systems. For comparison, the Ethereum network can perform 15 TPS. ArcBlock offers a simple developer console and code samples. And, it seems cloud computing companies are taking notice of the new model. ArcBlock has so far secured partnerships with companies including AWS, Azure, Digital Ocean, Upyun, AURO Cloud, and others. ArcBlock also recently joined the newly launched Cascadia Blockchain Council as a steering member. The council includes heavy-hitters in the Pacific Northwest blockchain industry including T-Mobile and Microsoft. ABT Node is at the very least promising. If software developers are able to operate on top of multiple blockchain protocols—and get the computing resources they need—then the pace of application development will be stunning. Learn more about ABT Node and ArcBlock here. The post ArcBlock tackles blockchain scalability by leveraging decentralized cloud computing appeared first on CryptoSlate.
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Bitfinex goes insolvent around the time of the April bubble, coincidence? No.

This is Willybot all over again. CryptoTrading claims 850mil is "seized" by officials. Bitfinex/Tether co obtain a 900mil line of credit with a 6.5% interest rate. Markets see unprecedented buying action, with Bitfinex as the leading exchange, leading to the 20k USD bubble. You can't tell me that the timing of this is all coincidence. This is the exact same thing that happened with MtGox and it's market manipulation effort to pay back its losses. On March 29, after further discussions, the representatives disclosed in a letter to the AG that the credit line had been closed and “during November 2018, Tether transferred $625 million held in its account at Deltec to Bitfinex’s account at Deltec. Ergo, Tether is not currently backed by a reserve (unless they have access to another credit line we aren't aware of, seems unlikely though). In other words a portion of this market is currently propped up by money that does not exist. So people can stop saying that this news "shouldn't impact Bitcoin", because it clearly should and will.

XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate

The cryptocurrency market saw a roller-coaster ride over the past couple of months, and that was reflected in the prices and market caps of top cryptocurrencies. XRP, the third largest cryptocurrency, was stuck in the bear trap with no room for any bullish movement, while Stellar Lumens [XLM], which performed well at the start of the bull run, shared a similar fate to that of XRP. XRP 1 day Source: TradingView The one-day chart for XRP showed a downtrend that pulled the price from $0.517 to $0.371, while the long term support held at $0.291. The Bollinger bands moved parallelly due to the continuous sideways movement of the market. The Chaikin Money Flow indicator was below the zero line, as the capital leaving the market was much more than the capital coming into the market. The Awesome Oscillator recorded low amplitudes due to the lack of market momentum in the XRP ecosystem. XLM 1 day Source: TradingView XLM’s one day graph saw a drop in price from $0,278 to $0.138, while the long term support was at $0.074. The Parabolic SAR was above the price candles which signified that the cryptocurrency was going through a bearish atmosphere. The Relative Strength Index was closer to the oversold zone, a sign of the selling pressure being more than the buying pressure. The MACD indicator underwent a bearish crossover that caused the signal line and the MACD line to converge below. The MACD histogram was a mix of bearish and bullish signals. Conclusion The above-mentioned indicators clearly indicated that the cryptocurrency market was still in a bearish trudge and that there was no bull run in sight. This was evidenced by the significant drop in market momentum. The post XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate appeared first on AMBCrypto.

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25. Attorney General Letitia James revealed that her office obtained […] Cet article Bitfinex Allegedly Covers $850 Million Loss With Tether Funds est apparu en premier sur Bitcoin Central.
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