Cryptocurrency Accounting Firm Launches Library of Legal and Tax Advice – Cointelegraph

Cryptocurrency accounting company, Lukka, has announced the launch of the Lukka Library an interactive collection of academic papers addressing legal, accounting, and tax questions pertaining to crypto assets.

On March 26, Cointelegraph spoke to Lukka co-CEO, Robert Materazzi, and Lukka Library creator and head of tax and regulatory affairs, Roger Brown.

Materazzi states that the company was formed under its former brand, Libra, in 2014 after the founder Googled how to pay his capital gains tax and found that there wasn't any solution that was out there.

The experience prompted the founder to rope together some developers to build what Robert claims was the first cryptocurrency tax calculator. However, the product failed to make an impact as people werent interested in paying their taxes in 2014 relating to crypto.

After the 2017 bull run pushed Bitcoin (BTC) towards the mainstream and gave rise to a proliferation in crypto hedge funds, the firm decided to shift its focus towards institutions.

Brown states that they then set about drafting a list of 170 issues relating to crypto tax for which they state there was either no IRS guidance, or the IRS guidance on the topic was overly broad and missed the nuances in their facts.

Roger asserts that more than 75 topics are currently covered in the Lukka Library, including a wide array of taxation strategies for crypto traders, and suggestions on how to value digital assets that experience high volatility for institutions.

The resource currently contains articles written by more than two dozen authors, including the University of Pennsylvania, in addition to legal firms McDermott Will & Emery, Steptoe & Johnson, Mayer Brown, and Baker & Hostetler.

Lukkas users can also request articles addressing desired topics and can access the authors featured in the librarys collection.

Annual access to the Lukka Library is currently priced at $99.95 per year.

Roger adds that the platform is soliciting content internationally, starting with an emphasis on the U.K.

Looking forward, Materazzi asserts that Lukka believes crypto assets and digital assets are the future, adding: finally all the regulators and governments are catching up to this right now.

Brown agrees, contending that the said future may be arriving sooner than previously anticipated, citing recent proposals for a U.S.-government backed digital dollar.

The US has two bills in Congress and one in the House, one in the Senate that talk about digitizing the dollar and the digitization not only just at the institutional level [...] but they're also going to creating a digital wallet for each U.S. person to, in effect, no longer have to deal with currency. And that's incredibly important. Not only for technology, the savings around sending it, the security also associated with it[...] but digital assets are more traceable than cash. So that could be part of the reason why Congress is enacting it.

He adds: People say you could get the coronavirus from touching money in coins, you can't do that by touching digital assets.

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Cryptocurrency Accounting Firm Launches Library of Legal and Tax Advice - Cointelegraph

Lukka debuts resource library on all things cryptocurrency – Accounting Today

Lukka, which makes a tax preparation platform for cryptocurrency, has debuted Lukka Library, an interactive collection of academic papers dealing with controversial legal and tax questions that lack official guidance or regulatory frameworks.

The papers are mostly short form, and each addresses a specific issue and is meant to provide viewers with cutting-edge perspectives on issues related to the crypto ecosystems most hotly debated topics. Currently, more than two dozen authors from companies and firms are contributing to this library of information including McDermott Will & Emery; Steptoe & Johnson; Mayer Brown; Baker & Hostetler; Ivins Phillips & Barker; Simmons & Simmons; and the University of Pennsylvania.Some topics available to browse now include identifying the options a crypto holder has to file their taxes, and suggestions on how to value a cryptocurrency that fluctuates frequently. The content will provide insights not only for the existing crypto ecosystem, but is intended to empower existing companies and professionals to break into the crypto market.

Readers of the Lukka Library can submit requests for more topics, adding to the 170 already identified for creation. The collection also provides complete transparency and access to the authors, so that subscribers can solicit opinions and conversations from subject matter experts who wish to be contacted.

The Lukka Library is a unique and important new resource for the crypto tax and legal community, said Andrea Kramer, partner at McDermott, Will & Emery, in a statement. It provides thought leaders from many different, leading firms a platform to share their unique perspectives. At the same time, it offers subscribers a central database from which to gather various points of view to make informed decisions, a task that could normally cost clients many thousands of consulting dollars and potentially weeks to research.

We dont know of any resource that exists today for professionals that provides this level of knowledge from independent sources, added Roger Brown, Lukkas head of tax and regulatory affairs, and one of the content authors. While the IRS has continued to provide guidance on crypto assets, weve assembled comprehensive viewpoints on a number of issues that remain unsolved. Centralizing knowledge in the library reduces the cost of guidance, aligning with our mission to make tax and legal knowledge more accessible to everybody.

Currently, an individual subscription to access all of the Lukka Library content costs $99.95 per year.

Information and access to Lukka Library can be found at https://www.lukkalibrary.com/.

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Lukka debuts resource library on all things cryptocurrency - Accounting Today

Binance Reveals the Secret Behind Its Cryptocurrency Futures Success – Cointelegraph

Aaron Gong, vice president of futures at major cryptocurrency exchange Binance, explained to Cointelegraph how the firm managed to become one of the top crypto futures trading platforms.

As Cointelegraph reported earlier this week, Binance recently overtook BitMEX and became the second-largest platform in terms of 24-hour Bitcoin (BTC) futures trading volume. When asked whether he is surprised by such success, Gong said that the firm created the product with the plan of becoming the top Bitcoin futures trading platform:

We knew we would be there soon, and we made it in slightly more than 6 months time.

According to Gong, the three primary reasons behind the success of Binances futures products are the low taker fees, new features and a large amount of altcoin pairs. He said that too many exchanges offer negative maker fees:

Too many other exchanges offer negative maker fees, where most orders are just computerized market makers competing for best bid and ask with extremely limited taker interest during periods of low-volatility.

Gong also said that innovation also drives trading volumes when it comes to Binances futures. He claimed that the exchange has had a few firsts when it comes to the crypto futures market:

We are the first major crypto exchange to launch max 125X leverage for BTC contracts, and the first of its kind to launch cross collateral and smart liquidation mechanism. These features have gained tremendous popularity amongst our users.

The third reason for the success of Binances futures contracts, Gong explained, is the number of altcoin contracts. He said that the firm launched 24 futures contracts on the platform, adding:

As of today, Binance Futures houses half of the top 10 most liquid altcoin contracts, many of which are also the most traded pairs amongst all futures exchanges.

Gongs strategy to drive the volume of futures contracts on Binance is to continue bringing more functionalities and products to the industry. He said that he believes Binance has outdone its competitors, as other crypto trading platforms suffered problems such as overloads, poor risk management, and counterintuitive product designs. He explained that Binances design was largely driven by users complaints about other platforms:

We specifically aimed to address these issues and improve the users experience. As such, we put tremendous efforts to build an industry-leading matching engine that is able to process more than 100,000 orders per second. [...] Whilst there were issues of system overloads, outages, glitches, and even rollbacks elsewhere, weve proven time and again to be a safe, reliable, cheap and liquid venue for hedging.

It is worth noting that Binances trading platform ran into a number of issues in February. On Feb. 19, the exchange halted trading to resolve an unexpected technical issue with its infrastructure.

As a Feb. 25 Cointelegraph analysis illustrated, this incident took place after a week in which the platform was often unresponsive to trader input as the exchange was unable to manage a large uptick in user volume.

In early March, Binance halted trading again to fix a malfunction. The exchanges co-founder and CEO Changpeng Zhao purportedly blocked Jay Hao the CEO of competing exchange OKEx on Twitter, after he publicly offered to help fix the infrastructure.

However, Gong said that the malfunctions did not affect Binances futures trading infrastructure and that futures traders were not affected:

Our futures system has been proving to be performing well during the most volatile period since we launched. The futures market is running on a separate matching engine.

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Binance Reveals the Secret Behind Its Cryptocurrency Futures Success - Cointelegraph

5 Ways to Earn Cryptocurrency In 2020 – MENAFN.COM


Gone are the days when individuals would spend a lot of time and energy mining cryptocurrency. This task is not only overwhelming, but it is also highly competitive. Yes, when you choose to mine bitcoin or any other crypto, prepare to compete with established businesses and huge mining firms.

This doesnt, however, mean that getting bigger bags of your favorite digital currency is now a near impossibility. All you need to do is offer some value in exchange for your preferred crypto. Below are some ways that can earn you this online gold in 2020;

1. Accept cryptocurrency as payment

If you have an entrepreneurial itch, or you own an online business, this is the time to accept digital currencies as payment.

There is an array of platforms such as WordPress, WooCommerce, and Shopify that permit merchants to accept digital currencies as payment. You can accept various coins and convert them into fiat or hold them until you choose to sell.

2. Buy cryptocurrency

One of the easiest ways to earn cryptocurrencies is by buying them. If you want to own Bitcoin, for instance, all you need to do is go to a Bitcoin ATM and get the coins with credit or cash.

Most digital currencies are not as accessible as Bitcoin. To buy them, you need to navigate through different crypto exchanges such as Binance, Coinbase, and Kraken.

When choosing an online crypto exchange, ensure you do your homework well, and ensure you select a reliable one that has the lowest transaction fees.

Trading in crypto exchanges is easy. All you need to do is sign up, and you can start buying and selling coins. However, there are some which require verification from your bank, and this process can take a few days.

3. Join several airdrops and earn

Airdrops are some of the most prudent methods of taking advantage of new digital currencies.

New projects often use airdrop campaigns to create a community around their project. This helps crypto fanatics to find more information about the project and earn tokens.

However, you dont receive tokens if you dont offer something of value in return. You are expected to complete an array of tasks which include;

When you complete these tasks and earn tokens, you can trade them for cash or other coins once the new project penetrates the market.

4. Promote projects through microtasks

Also referred to as bounties, microtasks are easy ways to earn cryptocurrencies. They are often given by new projects as a reward for completing a few simple tasks that include;

The goal of these tasks is to attract mass participation. The more the tasks you complete, and the more the quality of your work, the higher the rewards you get.

This is a realm that has opened a lucrative career for many people around the world, who are known as bounty hunters.

There are also platforms such as Bounty0x which have been developed to legitimize the micro-task industry. This site features a mutually incentivized ecosystem that allows startups to host bounties, bounty hunters to complete them, and users to check the quality of the work submitted.

If you are looking for the best way to earn cryptocurrencies in 2020, endeavor to join such a platform, and you might find a steady income out of it.

5. Earn cryptocurrencies by Staking

There are some lucrative coins that cannot be mined. You can get them by validating blocks using two methods Proof of Stake (PoS) and Proof of Work (PoW).

In PoW, users are required to mine blocks and authorize transactions through a pure computational power.

In the proof of Stake system, the person to authorize the development of a new block is selected using a deterministic method based on the number of coins he already has.

This method can be compared to a lottery game. The more the crypto coins you hold and stake, the more your chances of being selected to confirm the transaction.

What you need to remember is that for you to stake, you need to heave a few crypto coins. Therefore, you may need to utilize the other methods outlined in this article and only use this one to boost your stock.

There are a host of other ways you can use to earn cryptocurrencies, such as joining gambling platforms that pay winners in digital currency, freelancing and accepting payments in crypto, and joining crypto blogging platforms.

Final thoughts

As you capitalize on the methods outlined above to get a piece of the crypto world, you need to remember that this digital currency market is steered by emotions, and no one can predict the bottom or top of this market. The more coins you buy or earn, the more the potential volatility/risk you face.

Therefore, make sure you trade your cryptocurrency in trustworthy platforms such as eToro. You can read this eToro review by cryptonews.com to learn why this platform is the most recommendable one. Get as much knowledge as you can about the coins and tokens you earn so that you can maximize your chances of success.


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5 Ways to Earn Cryptocurrency In 2020 - MENAFN.COM

Why this cryptocurrency just surged 16% on news of a key Binance partnership – CryptoSlate

Basic Attention Token (BAT), the native cryptocurrency of the Brave Browser, spiked by more than 16 percent following a Binance trading widget integration.

The Brave team said:

Brave Software and Binance, the global blockchain company behind the worlds largest cryptocurrency exchange by trading volume and users, today announced a partnership that enables Brave browser users to seamlessly trade cryptocurrency assets through Binance.

The partnership allows users of Brave Browser to trade cryptocurrencies on Binance on the new tab page of the browser.

The Brave Browser remains as one of the few products with a native cryptocurrency to have millions of active users on a monthly basis.

In January 2020, Brave Software co-founder and CEO Brendan Eich said that the number of active monthly users using the Brave Browser surpassed 11.2 million.

He said:

Brave finished 2019 with 11.2M MAU & 3.5M DAU. Since then DAU has passed 3.7M DAU, and growth continues.

That is more than a 10 percent increase in user growth within a two-month span, after seeing 8.7 million users in October 2019.

Changpeng Zhao, the CEO of Binance, said that the long-term partnership with Brave will increase the utility of cryptocurrencies.

Zhao said:

The Binance widget on Braves privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem. We are looking forward to our long-term partnership with Brave to make it even easier to interact with crypto and encourage more utility in the near future.

The recovery in the price of BAT comes at a much needed time of the year; since January 1, the price of the BAT cryptocurrency fell by nearly 50 percent against the USD.

It fell substantially as the Bitcoin price dropped sharply from $8,000 to sub-$4,000 on March 12, in one of the steepest pullbacks in the markets history.

Since bottoming out at $0.099 in mid-March, the price of BAT has increased by around 70 percent to $0.162.

The sharp correction of the U.S. stock market and the global financial sector led to a short-term decline in the valuation of the entire cryptocurrency market.

But, the industry has seen significant positive developments over the past three months. Most notably, the Supreme Court of India dismissed the circular issued by the Reserve Bank of India to prohibit cryptocurrency trading.

Investments in the cryptocurrency and blockchain industry have declined year-over-year, primarily due to the economic consequences of the coronavirus pandemic in key cryptocurrency markets such as China, South Korea, the U.S., and Europe.

Yet, industry leaders and major companies within the sector are working toward strengthening the infrastructure supporting cryptocurrencies, similar to every previous bear cycle in the last ten years.

Since 2009, Bitcoin has seen a repeated cycle of a bear market-build phase-accumulation phase-bull market many times over. Following every bear cycle, the industry had come out stronger in terms of fundamentals.

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Why this cryptocurrency just surged 16% on news of a key Binance partnership - CryptoSlate

What Will $6 Trillion in Monetary Expansion Do To Cryptocurrency? (Opinion) – CryptoPotato

The pressures on for Congress to pass a $2 trillion spending bill to thaw the frozen economy. While they negotiate the largest ever emergency relief bill in US history, markets are getting restless. Stock futures have been volatile as the bill makes progress and stalls, then makes progress and stalls again. Voters are getting restless too. Both sides are badgering each other to Hurry! while negotiating a $2 trillion transaction with other peoples money.

Any time either side of the partisan divide has a scruple, the other party attacks them for holding up the bill. They insinuate the other side doesnt care about all the people who are hurting right now. Of course, a swarm of each partys rank and file supporters also join in the shouting. The farther you zoom out from the picture, the more ludicrous the entire affair looks from afar.

Further, so much of the bill, styled as an emergency stimulus package, is just a massive grab bag of goodies and pork-barrel spending for bloated Washington bureaucracies America can definitely live without, and special interest groups with lobbyists on K Street. $25 million for the JFK Center for the Performing Arts. $75 million for the National Endowment for the Arts. $75 million for the National Endowment for the Humanities. And a monster $500 billion slush fund for Treasury Secretary Mnuchin to dole out to corporations at his discretion with little oversight.

When a terrible crisis strikes, politicians and special interest groups huddle together in Washington and grab all the money and power, they can possibly get their hands on. Its the American way. Washington did this to Americans during the 2008 Financial Crisis with Bushs $700 billion Wall Street bailout in 2008, and Obamas $831 billion stimulus bill in 2009.

At least in 2008, many Americans put up a fight about it. They tried to melt the Congressional switchboard calling their representatives to urge against these massive appropriations. Today America is so slavish and afraid because of coronavirus that even Trumps anti-socialist supporters are eager to get their checks.

And the $2 trillion stimulus package at the center of all this drama is dwarfed by the money the Federal Reserve is pumping into the banking system. Top White House economist Larry Kudlow says itll amount to $4 trillion. And Congress doesnt actually have any of the money for its spending bill. Its borrowing all of that, so the Fed will have to create most of it out of thin air. Just like the $4 trillion its creating to shore up banks. That will make the entire monetary expansion $6 trillion in total.

The entire adjusted monetary base is currently $3.3 trillion. So the monetary-political complex is about to triple the money supply in the coming months. Thats what they did in the wake of the 2008 financial crisis. Quite more than doubled it actually. And that crisis not only gave us Bitcoin but saw it rise in price so dramatically until 2017, it became the greatest investment in world history by ROI. Thats how highly sought after something like Bitcoin is for merchants and investors.

Expanding the fiat money supply at such breakneck speed will not necessarily make cryptocurrencies like Bitcoin more valuable. But it will drive monetary inflation that causes dollars to depreciate against Bitcoin, driving its nominal value higher. Though, the result of this exercise in fiscal and monetary madness will likely be increased demand for crypto. People looking for an inflation shelter will have a powerful instrument in the intensely deflationary cryptocurrencies like Bitcoin. Bullish.

* Disclaimer: This article is the opinion of the author and does not represent professional financial or investing advice.

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How to identify when a cryptocurrency is about to skyrocket? | The Home of Altcoins: All About Crypto, Bitcoin & Altcoins – Coinlist

By Coinlist Posted on 27 March, 2020 0 Comments

One of the most recurring problems of the contemporary trader is detecting price movements before it is too late. In the cryptocurrency market, which trades tirelessly in an environment where volatility reigns, the challenge of identifying price actions in time can be even more difficult. However, there are several strategies that can help you be one of the first to enter at the right time. Find out how to identify when a cryptocurrency is about to skyrocket.

If you have technical analysis knowledge, you will know that there are a series of signals and indicators that can help the investor understand which direction the price of an asset is likely to take. In the case of the crypto industry, it is very important to detect them in time, since market cycles are usually shorter and less stable.

There are different types of breakouts. For example, when the price of a digital currency demonstrates a clear bearish channel, a bullish break is said to have been reached. When the opposite occurs and a well-established bullish guideline is broken, analysts call the case a bearish breakout. But these are not the only cases to identify. There are simple moving average crosses for different periods that allow changes in price movement to be detected. The crossing of death and the golden crossover are very important.

In any case, these will require some experience, or the follow-up analyses published by experts. Also, some of the more advanced platforms allow you to configure price alerts once you identify interest levels. This is an extremely useful tool, but it is only recommended to use for analysis with larger time frames in order to receive notifications that are really worthwhile.

TradingView charting platform allows you to configure notifications in your browser. Other investment platforms are even more powerful and allow you to configure notifications that you can receive through your mobile phone. Some examples include Coinbase and the eToro exchange platform.

Payment Methods

Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Key Features

Payment Methods

eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, Crypto, ETFs, indices and commodities. eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

The Internet is used to heavily influence the media and social networks. Thus, it is important to identify which digital currencies are setting the trend. Many analysts find a correlation between price movements and search interest on a digital currency through Google, for example.

In this case, Google Trends can be a strong ally to identify search interest in specific cryptocurrencies. In relation to social networks, the most important discussed topics related to bitcoin, blockchain and altcoins are often found on Twitter and Telegram. If you make a living through trading, then you will want to be subscribed to the most important cryptocurrency forums.

A little-known tool of CoinMarketCap is the summary of winners and losers over a given period. This shows a list of the cryptocurrencies with the highest percentage movement in three different time frames: 1 hour, 24 hours and 7 days. With this tool, the user can get an idea of where there is a significant price action, both up and down. However, to narrow the sample more precisely, we suggest filtering those currencies with very low trading volume. The latter are more volatile and the risk when investing rises considerably.

Other similar portals like Coin360 can also give similar metrics that help identify which cryptocurrencies are experiencing significant moves.

The list closes with the favourite of those who prefer to opt for smaller alternatives. When a small-cap cryptocurrency hits a large exchange like Coinbase or Binance, its price tends to gain traction. These platforms follow a rigorous process to admit new currencies into their offerings, a factor that may be considered positive and encourages them to invest in smaller projects that could gain importance in the future.

Making the analogy to the great market leaders, it is the equivalent of what happens when BTC or Ethereum start trading on institutional financial platforms, for example, futures at Bakkt or the CME Group in Chicago.

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How to identify when a cryptocurrency is about to skyrocket? | The Home of Altcoins: All About Crypto, Bitcoin & Altcoins - Coinlist

XRP Is Up 12% and It Seems to Be Aiming for Higher Highs – Crypto Briefing

Ripples XRP is up 12% in the last 24 hours as it seems to be breaking out of a consolidation pattern. Now, this cryptocurrency could be preparing for a further advance.

Over the last two weeks, XRP has been mostly consolidating between $0.17 and $0.14. As a result, a horizontal resistance line developed along with the swing highs and a rising trendline along with the swing lows.

The price action seen lately appears to have created an ascending triangle in its 4-hour chart. This is considered a continuation pattern that could see XRP surge over 24% if validated. Such a bullish target is determined by measuring the height of the triangle at its thickest point and adding that distance to the breakout point.

Although this cryptocurrency appears to have broken out of the pattern after climbing above the overhead resistance, the lack of volume behind it could jeopardize the bullish outlook.

Indeed, the TD sequential indicator presented a sell signal in the form of a green nine within the same time frame. This bearish formation estimates a one four candlesticks correction before the continuation of the uptrend.

However, an increase in the selling pressure behind XRP could trigger a new downward countdown.

It is worth noting that the last two times the TD sequential indicator provided a bearish signal XRP dropped 12.4% and 3.5%, respectively.

Under this premise, the most optimistic outlook sees XRP dropping to the $0.17 support level or the hypotenuse of the triangle. Then, demand for this cryptocurrency could rise pushing its price up towards $0.21 to meet the target presented by the ascending triangle.

Nevertheless, the worst-case scenario forecasts that the selling pressure behind XRP will increase substantially. This crypto could then break below the hypotenuse of the triangle. Such a bearish impulse may see its price drop over 24% to $0.13.

Moving below the recent swing low of $0.155 can be used as confirmation of the pessimistic outlook.

Even though different analysts such as the CEO at Three Arrows Capital Su Zhu believe that XRP wants to retrace months of underperformance in a few days, investors must be cautious due to the ambiguity this crypto presents.

Waiting for a break of support or resistance before entering any trade would be ideal to avoid adverse market conditions.

For richer fundamental analysis of Ripples XRP token, we invite Crypto Briefing readers to explore SIMETRI research. We offer crypto ratings, examine underlying technologies, uncover top tokens economic models, along with a suite of investor-grade investing tools.

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XRP Is Up 12% and It Seems to Be Aiming for Higher Highs - Crypto Briefing

Cryptocurrency Market Update: Dash and Monero edge above Bitcoin to lead a remarkable recovery – FXStreet

Digital assets in the cryptocurrency market are maintaining a bullish momentum and trend for the second day in a row. Although there were setbacks over the weekend as prices retreated from Fridays highs, this weeks potential and recovery optimism remain high.

According to the data provided by CoinMarketCap, the recovery across the board has seen the total market cap grow by $22 billion from $163 billion recorded on Monday to $185 billion at the time of writing. The trading volume has also grown significantly from $131 billion to $162 in the same period. Bitcoins dominance has also grown by 0.7% from 65% as reported on Monday to 65.7%.

While Bitcoin is in the green with gains more than 3%, it is not the best performing cryptocurrency. Monero(XMR) is leading the recovery in the market with over 15% in gains followed closely by Dash (DASH) with gains more than 12%. Ethereum Classic (ETC) and Ripple (XRP) are not very far behind due to their 7.7% and 7.39% respective growth on the day.

BTC/USD is trading at $6,744 after touching $6,861 (intraday high). Bulls are largely in control but the sellers are keen to ensure that Bitcoin does not break above $7,000. If the critical resistance at $7,000 is overcome, I expect a technical breakout with gains eyeing $8,000.

DASH/USD is trading at $70.27 after adjusting lower from an intraday high of $71.57. The prevailing trend is strongly bullish. At the same time, the bullish momentum is supported by the expanding volatility and volume. In other words, Dash price is likely to soar especially if the rest of the market is moving higher.

XMR/USD remains at the helm of the crypto market recovery on Tuesday. It is trading at $44.10 after correcting from $44.4 (intraday high). The bulls are in the driver seat owing to the strong bullish momentum and a sustained uptrend. Stability is expected in the coming sessions but bulls will most certainly push for more action above $50.

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Cryptocurrency Market Update: Dash and Monero edge above Bitcoin to lead a remarkable recovery - FXStreet

Chinas Cryptocurrency Is Closer Than Expected, Already Working On Legislation – CryptoPotato

Despite the delay, the Peoples Bank of China (PBC) is closer to launching its official digital currency. By working together with several large private companies, the nations central bank has finished the development process and is working on the proper legislation before the CBDC is released.

After the COVID-19 outbreak, the Chinese central bank digital currency (CBDC) was delayed indefinitely. However, as the country is portraying initial stages of recovering after the deadly virus, a new report informed that the CBDCs launch is closer than anticipated.

The Chinese central bank has completed the development process by collaborating with several local firms, including Huawei, China Merchants Bank, Tencent, and the tech giant Alibaba.

The latter has reportedly publicized five patents related to the future digital currency from January 21st to March 17th. The patents cover various areas of the digital currencys future usage. Those include issuance, digital wallets, transaction recording, anonymous trading support, and assistance in supervising and dealing with illegal accounts.

Aside from all patents, the digital currency has to comply with local legislation as well. This, according to the report, could raise issues, because the currency has to operate with banking and insurance regulators on supervision. This process could be quite lengthy. Therefore, the exact time of the CBDC launch cannot be determined yet.

As the world is arguably entering the next, long-awaited, recession, most central banks are taking extreme measures to fight the economy curtail. The U.S. Fed, for example, cut the interest rates in an unprecedented manner and even announced unlimited quantitative easing.

Chinas approach for stabilizing its economy might differ substantially with the digital currency launch. Cao Yan, managing director of Digital Renaissance Foundation, believes that the PBC should accelerate the development of the CBDC.

He outlined two main merits; firstly, it would establish Chinas leadership position in this new digitally-oriented world. Secondly, a CBDC could be more efficient during times of uncertainty than simply lowering rates.

If there is a chance China is considering lowering its interest rate into negative territory as a final option and directing such policy to commercial loans and lending, a circulated digital currency rather than M0 will be able to achieve that. he explained.

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Chinas Cryptocurrency Is Closer Than Expected, Already Working On Legislation - CryptoPotato

Report: Asian Nations are Increasing Cryptocurrency Usage – Asia Crypto Today

A report from Hootsuite has found the Philippines as the nation with the highest amount of cryptocurrency owners with three of the top ten countries coming from the Asian continent.

The research, which cited GlobalWebIndex, saw the Philippines top with 17% of internet users holding crypto. Thailand came in fourth behind South Africa and Brazil in second.

Indonesia, which placed sixth worldwide, gained the headlines as 11% of internet users had cryptocurrencies. With the countrys enormous population of 270 million, that means a huge number of people are holding cryptocurrency in the nation.

However, whether the statistics put forward by the report are wholly accurate remains to be seen. Another Statista report on blockchain wallet ownership worldwide put the global figure at 44 million users.

In Indonesia, only 64% of the country has access to the internet making the 11% figure of cryptocurrency even more interesting, as well as less plausible. As any commentators looked to see the positives of the report, others, like Twitter user @DouglasTan30 have called for calm.

Although the statistics may have overstated the numbers, it is not right to say that the nations of Indonesia and the top-ranked country, the Philippines. Both governments have strong crypto communities and regulations to match this growing trend.

Digital payments have been apart of the landscape for a while too. 7 Eleven stores across the Philippines accept Bitcoin. Whatsapp have looked into making digital payments on its Indonesian version.

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Report: Asian Nations are Increasing Cryptocurrency Usage - Asia Crypto Today

Coronavirus Crisis Shows Benefits of Virtual Reality to Cryptocurrency Enthusiasts – The Merkle Hash

During the coronavirus crisis, a lot of focus has shifted to online meetings and virtual communication. All of this seems to indicate that virtual reality will become more popular, even in the cryptocurrency space.

Virtual reality remains a very niche technology for most consumers and companies.

It is something no one really needs, despite its potential.

During the coronavirus crisis, the demand for online social solutions is on the rise.

As such, now is the time to shine for virtual reality, even in the world of cryptocurrencies.

Several cryptocurrency-oriented meetings have already taken place in VR over the past few months.

Although the user pool is still relatively small, it shows how much potential this technology has.

That being said, there is still a lack of VR-oriented crypto and blockchain projects.

So far, it seems Decentraland is the only real option worth exploring, at least for now.

Until VR takes off on a larger scale, there isnt any real need for developers to explore that technology either.

Only time will tell whether VR and crypto can flourish together, or remain separate niche markets.

It is evident that innovative technologies will need to get to the next level of adoption.

Right now, it appears that such a shift will happen for cryptocurrency, but not necessarily for virtual reality.

Image(s): Shutterstock.com

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Coronavirus Crisis Shows Benefits of Virtual Reality to Cryptocurrency Enthusiasts - The Merkle Hash

President of Brazilian banking On cryptocurrency: They do not fulfill any of the classic functions of currency – Crypto Daily

Murilo Portugal, the President of the Brazilian banking Federation has argued this week that digital currencies such as bitcoin are not actual currencies.

Portugal was speaking in a debate in regards to the impact of the digital revolution in the world of finance. The debating question looked into the impact of new technologies and how they are having changed the financial world as we know it. This includes things like blockchain, cryptocurrency, AI, financial technologies and big data.

Portugal made the argument that cryptocurrency doesn't actually fulfill any of these traditional functions of money. He added that they are not a unit of account nor a means of exchange. He further said:

"They are actually called coins but they are not coins, which is why it is cryptocurrency. They do not fulfill any of the classic functions of the currency, which is to serve as an account unit, where people can express prices. They do not serve as a means of payment or as a store of value because the volatility is very high."

When it comes to the world of finance, Portugal is a well-respected name. As well as having a degree in economic development from the University of Cambridge, Portugal served as an executive director of the World Bank and International monetary fund.

Finishing off, he went on to theorise that money and information are becoming one in the same. He predicted that data and information could end up becoming a regulated entity in the same way money is.

For more news on this and other crypto updates, keep it with CryptoDaily!

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President of Brazilian banking On cryptocurrency: They do not fulfill any of the classic functions of currency - Crypto Daily

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Cryptocurrency Mining Profitability | #1 Cryptocurrency …


Block Reward: 730.00

Blocks: 3,931,323

Block Time: 30.00 second(s)


8,202,927.08 XVG

$5.04 for electricity


Block Reward: 70.00

Blocks: 4,290,711

Block Time: 42.00 second(s)


2,954.01 CANN

$3.60 for electricity


Block Reward: 4.00

Blocks: 10,058,659

Block Time: 15.00 second(s)


19,318.86 ETC

$1.80 for electricity


Block Reward: 2.00

Blocks: 9,744,925

Block Time: 15.00 second(s)


32,720.41 ETH

$1.80 for electricity


Block Reward: 5.00

Blocks: 774,311

Block Time: 1.25 minute(s)


42,835.59 ZEC

$3.72 for electricity


Block Reward: 6.25

Blocks: 4,012,616

Block Time: 40.00 second(s)


128,246.77 FLO

$5.04 for electricity


Block Reward: 12.50

Blocks: 622,962

Block Time: 10.00 minute(s)


$4.74 for electricity


Block Reward: 7.50

Blocks: 696,808

Block Time: 2.50 minute(s)


12,932.48 ZEN

$3.72 for electricity


Block Reward: 55.17265345

Blocks: 488,975

Block Time: 10.00 minute(s)


12,115.15 PPC

$4.74 for electricity


Block Reward: 12.50

Blocks: 628,078

Block Time: 10.00 minute(s)


484.66 BCH

$4.74 for electricity


Block Reward: 12.50

Blocks: 2,695,095

Block Time: 1.50 minute(s)


177,079.14 GAME

$5.04 for electricity


Block Reward: 12.50

Blocks: 1,812,045

Block Time: 2.50 minute(s)


160,792.81 LTC

$5.04 for electricity


Block Reward: 125.00

Blocks: 1,948,304

Block Time: 1.25 minute(s)


29,079.00 LCC

$4.74 for electricity


Block Reward: 40.00

Blocks: 3,095,283

Block Time: 1.00 minute(s)


467,824.49 FTC

$0.96 for electricity


Block Reward: 5,000.00


Cryptocurrency Mining Profitability | #1 Cryptocurrency ...

How to invest in cryptocurrencies | Abra

What is a cryptocurrency? How does cryptocurrency work? What are the different types of cryptocurrency?

Getting started in cryptocurrencies raises many questions.

In this guide, youll learn everything you need to know about cryptocurrencies and how to invest in crypto assets.

In a lot of ways, cryptocurrencies have a bad name. The word cryptography often implies secret, hidden, or guarded. But in reality, cryptocurrencies are generally open, transparent, and verifiable.

The currency part of cryptocurrency is also somewhat problematic because while cryptocurrencies can act as a peer-to-peer form of payment, they also have a wide variety of other uses ranging from a programmable financial infrastructure layer to a digital store of value and a new form of computing.

But the reason that cryptocurrencies are called cryptocurrencies is that they all have the commonality of being a digital asset or decentralized system of exchange that uses public-key cryptography to create a system of wallets and private keys.

A cryptocurrencys main objectives are to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

New kinds of cryptocurrencies are constantly being created to serve different purposes. Most of the cryptocurrencies that are described below fall into the category of permissionless blockchains.

A cryptocurrency is a unit of account on a blockchain, which is like a massive ledger.

Cryptocurrency wallets hold the cryptographic keys necessary to interact with the digital assets that are stored on the blockchains ledger.

Cryptocurrencies are digital assets that are also known as cryptoassets. Depending on the designed use case, cryptocurrencies have properties similar to traditional currencies they can be exchanged or used as a means of payment, for example while cryptoassets act more like an independent investable asset class, such as stocks, bonds, or real estate.

Cryptocurrencies dont depend on a central server or computer. Instead, cryptocurrencies are part of a decentralized network comprised of thousands of distributed computers.

The advantages of cryptocurrencies over more traditional fiat currencies:

Fraud-proofWhen new cryptocurrencies are created, the coins, their owners information, and the transaction details are stored in a public ledger. Although this ledger is public, the owners identities are encrypted and protected via the key system mentioned earlier.

Transaction Legitimacy (solving double spend)Before cryptocurrency can be sent, a wallet address is checked by the ledger to ensure adequate funds are owned by the sender. The digital ledger the blockchain, maintains a record of all the transactions that take place between digital wallets.

Instant settlementUnlike traditional money transfer services, cryptocurrencies work more like digital cash, and the final settlement happens within minutes (the exact times are subject to the mining process described below), which is a massive financial innovation. Rather than complex and proprietary infrastructure to complete transactions, all people need to send and receive cryptocurrencies is a smart device and an internet connection.

OwnershipPermissionless cryptocurrencies are not owned or controlled by any corporation or government, although cryptocurrency use is regulated in certain countries.

AccessibleCryptocurrencies have the potential to increase financial inclusion (check out the infographic section on this page for more background)by driving down the costs per transaction (especially for sending money across borders or around the world) since they do not require a bank or credit card account to use. Most times, all thats required to get started with cryptocurrencies is a smartphone and a trustworthy cryptocurrency wallet (like Abra).

The most popular cryptocurrencies to buy based on market cap:

Bitcoin (BTC) is the cryptocurrency market leader.

Bitcoin is the first massively adopted cryptocurrency getting most of the attention and dominating other cryptocurrencies.

Bitcoin was born in 2008 when an unknown person or group of people named Satoshi Nakamoto published the Bitcoin whitepaper.

Since then, many other cryptocurrency systems (including many in the rest of this list) have considered Bitcoin as a model and created other kinds of cryptocurrencies based on the same concept and open-source computer code (in fact, if you want to, you can also take Bitcoins code and build your own cryptocurrency, you can find all of the code on GitHub).

Looking for more about the history of Bitcoin? Check out this illustrated history called Code meets money.

On January 12, 2009, Satoshi Nakamoto performed the first Bitcoin (BTC) transaction by sending 10 BTC to a coder named Hal Finney.

By 2010, Nakamoto disappeared along with an estimated one million BTC. Bitcoins development and maintenance was taken over by the Bitcoin Foundation in 2012. Since then, and over the last ten years, the bitcoin price has continued to rise.

Watch: Abra founder and CEO in conversation with Bitcoin.com CEO Roger Ver.

Bitcoin Cash was created following a split (or a fork) of the original Bitcoin blockchain.

The split was the culmination of a long debate surrounding ideas about increasing Bitcoins block size, or the number of transactions that can be processed per 10-minute block cycle.

A hard fork is a tool that developers and communities of cryptocurrency use to make changes and modifications to the blockchains.

The main purpose of increasing the block size was to increase the ability of bitcoin to confirm more transactions per block, the speed of network times, and reduce the cost per transaction. Bitcoin Cash advocates thought that Bitcoin should act more like cash, which requires speed and low costs.

The Bitcoin Cash movement was largely spearheaded by Roger Ver, a well-known Bitcoin supporter since its early days.

Eventually, Ver thought that Bitcoin was losing its way as a better peer-to-peer digital payment system, mainly because the block sizes were too small and the transactions were becoming too expensive so he helped create Bitcoin Cash as an alternative.

Ethereum is the second-ranking cryptocurrency by market cap. It was created in 2015 by Vitalik Buterin.

Check out part two in our illustrated history of cryptocurrencies: Ethereum and the reinvented internet.

Ethereum is not just a digital currency, but a blockchain-based distributed computing platform and operating system that offers smart contract functionality.

What are smart contracts?

Smart contracts outline conditions that need to be fulfilled on the blockchain. A smart contract is basically a computer program that executes a transaction after a series of requirements are met.

Smart contracts have a wide variety of applications including traditional business operations, but they also enable new kinds of technologies and innovations, like micropayments, or machines interacting with other machines.

Ethereum is the oldest and so far the most popular smart contract-based cryptocurrency platform.

Ethereum at a glance

A computer programmer and contributor to Bitcoin Magazine, Vitalik Buterin, wanted to create a cryptocurrency that made it easier for blockchain developers to build decentralized applications.

Working with others interested in the idea of a smart contract platform, he developed the Ethereum framework. And then he published the Ethereum white paper.

Ethereums creation enabled digital decentralization using smart contracts, which created a new roadmap for the future of the internet.

Ripples XRP does not fit squarely with the definition of a decentralized, permissionless cryptocurrency system. Instead, its more accurately defined as a real-time gross settlement system (RTGS), currency exchange, and remittance network.

XRP at a glance

XRP was created by the company Ripple Labs Inc. with the purpose of speeding up international payment transfers and making them cheaper and more efficient.

XRP eliminates the challenges current banking and financial systems have in transferring money which is slow and expensive. The speed, efficiency, and cheaper costs for global payment transfers make it more acceptable for the banks and other financial institutions.

Unlike other cryptocurrencies, XRP is more like a gateway or bridge to transfer fiat currency, which makes it an interesting alternative for established banks and other financial institutions.

Litecoin was invented to improve on Bitcoin by decreasing the block generation time, increasing the maximum number of coins created by changing the hashing algorithm.

Litecoin at a glance

In 2011, Charlie Lee created Litecoin to speed up blockchain-based transactions at lower rates (similar to the idea that inspired Bitcoin Cash). The launch of the Litecoin network by Lee, an ex-Google employee, gained huge recognition and was adopted by a large number of Bitcoin enthusiasts.

In 2013, Litecoin reached $1 billion market capitalization.

Why do people invest in Litecoin?

One of Ethereums co-founders, Charles Hoskinson, created another very popular cryptocurrency, Cardano (ADA).

Like Ethereum, Cardano is used as a platform to build smart contracts and decentralized apps. Cardano was developed to improve on the technology part of Ethereums blockchain.

Monero was launched in 2014. This cryptocurrency is donation-based and has strong support from cryptocurrency enthusiasts.

Monero uses a security technique, ring signatures, that doubles the privacy of users and transactions, making it one of the top cryptocurrencies.

NEO was created in 2014 by Da Hongfei. Previously known as AntShares, NEO works in a similar way to Ethereum.

The NEO network is used for building smart contracts and launching initial coin offerings (ICOs). NEO has the advantage of being supported by the government of China.

After its launch in late 2016, cryptocurrency enthusiasts were attracted to Zcash because of its focus on security and privacy. Zcash reveals fewer identifying transaction details such as the sender, recipient, and other transactional information.

Created by Evan Duffield, Dash makes fast digital transactions untraceable using its decentralized master nodes network. Previously known as Darkcoin, Dash has been one of the most popular privacy-oriented cryptocurrencies since its launch in 2014. Today, Dash developers are working to make the currency more useful in retail environments by creating faster transactions.

One of the big mantras in the cryptocurrency investing space is do your own research. It makes a lot of sense to read up on and understand how different cryptocurrencies work before starting to invest in them. Here are a few key points about how cryptocurrency works (the following explanation is a high-level overview of blockchains that operate using proof-of-work, which is explained in greater depth below).

Cryptocurrencies rely on consensus algorithms in order to function in a distributed way without a centralized gatekeeper or controlling authority. There are a number of consensus algorithms that various cryptocurrency projects are using, but the two most popular are proof-of-work and proof-of-stake.


The most common process for creating a cryptocurrency is proof-of-work (POW).

During the proof-of-work process, miners have to solve a complex mathematical puzzle to gather transactions together on the blockchain. Its the same process as when you have a lock whose combination is difficult to crack. You try one combination after another to open the lock. The same is the case with the proof-of-work process for creating a cryptocurrency.

Every miner is trying various combinations on the same blockchain network. Once a miners software finds the solution, other miners can verify the block easily and see that the block is correct. The new blocks are added sequentially in the existing chain of blocks (which is where blockchain gets its name).

To mine, you need to use the computer processing power to solve the puzzle. The energy-intensive nature of POW is part of what helps secure the network because it would cost a lot in terms of time and resources for a bad actor or a group to coordinate and gain control of the blockchain.

Miners are compensated for their work in verifying transactions by solving complex computation in the form of a block reward, which is the issuance of new coins. As a blockchain network increases in value it because increasingly more difficult to mine, which makes it more secure. If you crack the puzzle, you are rewarded.


The proof-of-stake (POS) process for creating cryptocurrency means that participants in the network stake their coins as collateral to vouch for the legitimacy of transactions.

This process requires less computational power and reduced electricity costs and is viewed as an alternative form of consensus. However, there are concerns surrounding the overall security of the proof-of-stake method. Ethereum is scheduled to move from a POW method to a POS in the near future.

This chart shows the growth of the Bitcoin market cap between April 2013 and July 2019.

There are a few reasons why cryptocurrencies gain value, including the idea of digital scarcity, network effects, internet-native exchange of value, and speculation about future values.

Limited supply

Some cryptocurrencies, like Bitcoin, have a pre-programmed limit, which creates a scarcity pressure similar to gold.

A strong and loyal following

The leading cryptocurrencies have strong communities of developers, advocates, and promoters that help spread adoption and usage. In some ways, getting involved with cryptocurrency communities is a lot like following sports teams, complete with crazy fans who help spread the message around the world.


People use cryptocurrencies to pay for goods, quickly and cheaply send money across borders, as a digital store of value, and as a hedge against inflation in places where fiat currency is becoming less valuable. A lot of newer cryptocurrencies are trying to use the functionality of blockchain and smart contracts to solve problems such as better ways to monetize the internet or rent computer space, or even create a hybrid form of digital money by creating stablecoins.

Market speculation

Another big driver of increasing cryptocurrency prices is that early investors are speculating that cryptocurrency protocols like Bitcoin and Ethereum are going to be worth more in the future once more use cases and supporting technologies are developed. Right now the total market cap for cryptocurrencies is only a small fraction of other valuable markets such as gold, real estate, or global equities. If cryptocurrencies as a market can capture liquidity similar to some of those other valuable markets, then over time the overall value of the cryptocurrency market could increase dramatically.

Cryptocurrencies often get lumped together in one big category, but there are many different types of cryptocurrencies that developers are creating to try and solve a number of problems.

There are over 2,200 cryptocurrencies listed on publically traded markets. More cryptocurrencies are being launched every day, while other projects are fading away.

Cryptocurrency market observers and pundits often refer to altcoins. Altcoins are the alternative cryptocurrency to the market leader, Bitcoin.

The term comes from cryptocurrencys early days when Bitcoin was the first massively adopted cryptocurrency. As other coins followed, people started creating different types of cryptocurrencies in an attempt to become as successful as Bitcoin.

Many altcoins work in a very similar way to Bitcoin (in fact many altcoins are forks of Bitcoin), while others such as Ethereum, Zcash, and Monero, are building completely different kinds of protocols to solve different kinds of problems, such as privacy, security, and decentralized computing.

Namecoin was developed in 2011 and is considered the first altcoin. Namecoin is a fork of Bitcoin and uses the same proof-of-work algorithm.

After Namecoin, hundreds of altcoins came into existence to solve more specific problems or to have a different form of governance.

Today, there are thousands of different kinds of altcoins and it seems like new projects and companies are being announced regularly, signaling massive growth in the space.

A crypto token is a type of virtual tradeable asset that is developed for specific purposes on a blockchain.

An example is a new startup that issues tokens to represent a position in a new product or a software license.

Another example of crypto tokens can be of ERC20 tokens. An ERC20 token is a digital standard used on Ethereum blockchain for smart contracts and is used in the exchange of tokens and other forms of value.

The difference between a cryptocurrency coin and a crypto token is that cryptocurrency is a digital or virtual currency that is designed to act as a unit of exchange (or a peer-to-peer digital cash-like system), while tokens are designed to fulfill some kind of utility on a blockchain network.

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How to invest in cryptocurrencies | Abra

Cryptocurrency Rankings | CryptoSlate

1 Bitcoin BTC $122.58B $6,702.89 $43,587,525,086 $ N/A N/A 18.29M Own Blockchain +1.05% +25.77% 2 Ethereum ETH $15.19B $137.821 $13,116,381,902 $ N/A N/A 110.25M Own Blockchain +0.04% +17.91% 3 XRP XRP $7.09B $0.16141 $2,089,344,970 $ N/A N/A 43.91B Own Blockchain -0.14% +10.72% 4 Tether USDT $4.65B $1.00172 $51,000,604,473 $ N/A N/A 4.64B Omni -0.08% +1.17% 5 Bitcoin Cash BCH $4.14B $225.577 $3,596,753,500 $ N/A N/A 18.35M Own Blockchain +1.01% +24.58% 6 Bitcoin SV BSV $3.19B $173.745 $2,510,502,930 $ N/A N/A 18.35M Own Blockchain +0.82% +44.33% 7 Litecoin LTC $2.55B $39.6600 $3,057,998,601 $ N/A N/A 64.36M Own Blockchain -0.31% +15.33% 8 EOS EOS $2.13B $2.31550 $2,595,766,347 $ N/A N/A 921.24M Own Blockchain -0.08% +16.8% 9 Binance Coin BNB $1.93B $12.4194 $288,810,743 $ N/A N/A 155.54M Own Blockchain +1.02% +19.22% 10 Tezos XTZ $1.23B $1.73812 $135,512,603 $ N/A N/A 704.91M Own Blockchain +2.07% +24.71% 11 UNUS SED LEO LEO $1.01B $1.01090 $9,386,212 $ N/A N/A 999.5M Ethereum (ERC20) -0.3% +4.76% 12 Monero XMR $847.06M $48.4101 $155,918,459 $ N/A N/A 17.5M Own Blockchain +4.21% +31.86% 13 Stellar XLM $830.08M $0.04092 $308,295,348 $ N/A N/A 20.29B Own Blockchain +2.61% +10.58% 14 Chainlink LINK $797.45M $2.27844 $252,605,024 $ N/A N/A 350M Ethereum (ERC677) +0.38% +17.76% 15 Cardano ADA $774.83M $0.02989 $84,263,552 $ N/A N/A 25.93B Own Blockchain +0.13% +13.76% 16 TRON TRX $764.67M $0.01147 $1,036,456,714 $ N/A N/A 66.68B Own Blockchain +0.76% +12.2% 17 Huobi Token HT $764.3M $3.37746 $150,134,806 $ N/A N/A 226.29M Ethereum (ERC20) -0.2% +13.85% 18 USD Coin USDC $684.88M $0.99982 $720,526,951 $ N/A N/A 685M Ethereum (ERC20) +0.02% +1.24% 19 Dash DASH $641.27M $68.2202 $618,880,202 $ N/A N/A 9.4M Own Blockchain +0.33% +16.55% 20 Crypto.com Coin CRO $628.63M $0.04417 $13,744,855 $ N/A N/A 14.23B Ethereum (ERC20) +2.26% +25.42% 21 Ethereum Classic ETC $587.05M $5.04711 $1,743,869,606 $ N/A N/A 116.31M Own Blockchain +0.21% +11.35% 22 HedgeTrade HEDG $491.14M $1.70410 $447,886 $ N/A N/A 288.21M Ethereum (ERC20) -0.26% +25.03% 23 Neo NEO $482.32M $6.83760 $477,027,472 $ N/A N/A 70.54M Own Blockchain +1.07% +19.37% 24 Cosmos ATOM $402.67M $2.11166 $125,349,657 $ N/A N/A 190.69M Own Blockchain +0.31% +17.17% 25 IOTA MIOTA $398.28M $0.14329 $10,668,183 $ N/A N/A 2.78B Own Blockchain -1.52% +13.55% 26 NEM XEM $348.39M $0.03871 $18,810,714 $ N/A N/A 9B Own Blockchain -0.98% +8.13% 27 Zcash ZEC $306.13M $32.0430 $270,365,964 $ N/A N/A 9.55M Own Blockchain +0.43% +10.78% 28 Maker MKR $284.41M $283.619 $4,400,767 $ N/A N/A 1M Ethereum (ERC20) +2.96% +30.69% 29 Paxos Standard PAX $262.41M $0.99867 $933,851,458 $ N/A N/A 262.76M Ethereum (ERC20) -0.13% +1.14% 30 OKB OKB $261.88M $4.36469 $248,286,964 $ N/A N/A 60M Ethereum (ERC20) -0.45% +19.69% 31 Ontology ONT $241.44M $0.37555 $80,440,370 $ N/A N/A 642.91M NEO -0.26% +11.87% 32 FTX Token FTT $237.26M $2.47753 $2,128,675 $ N/A N/A 95.76M Ethereum (ERC20) +0.87% +17.82% 33 Dogecoin DOGE $230.37M $0.00186 $165,292,540 $ N/A N/A 123.88B Own Blockchain +1.04% +16.55% 34 Basic Attention Token BAT $215.04M $0.14906 $85,096,586 $ N/A N/A 1.44B Ethereum (ERC20) -5.76% +21.86% 35 Binance USD BUSD $182.71M $0.99834 $87,361,394 $ N/A N/A 183.02M Ethereum (ERC20) -0.18% +1.15% 36 VeChain VET $170.47M $0.00307 $92,880,328 $ N/A N/A 55.45B Own Blockchain +1.76% +20.66% 37 TrueUSD TUSD $139.13M $0.99757 $714,675,769 $ N/A N/A 139.47M Ethereum (ERC20) -0.04% +1.14% 38 Bitcoin Gold BTG $132.47M $7.56350 $21,792,443 $ N/A N/A 17.51M Own Blockchain +1.06% +20.22% 39 Hedera Hashgraph HBAR $129.13M $0.03384 $10,073,872 $ N/A N/A 3.82B Own Blockchain -1.38% -5.69% 40 Decred DCR $127.63M $11.8322 $51,833,910 $ N/A N/A 10.79M Own Blockchain +2.55% +18.58% 41 Lisk LSK $124.63M $1.01560 $5,424,895 $ N/A N/A 122.71M Lisk -3.05% -2.43% 42 Qtum QTUM $121.84M $1.26288 $369,454,942 $ N/A N/A 96.48M QTUM +1.58% +13.98% 43 ICON ICX $111.12M $0.20954 $14,211,442 $ N/A N/A 530.31M Own Blockchain +1.99% +12.16% 44 ZB Token ZB $107.64M $0.23234 $39,090,575 $ N/A N/A 463.29M Ethereum (ERC20) -1.05% +8.45% 45 Augur REP $105.21M $9.56483 $34,600,850 $ N/A N/A 11M Ethereum (ERC20) +12.75% +17.47% 46 Algorand ALGO $102.54M $0.15486 $56,303,637 $ N/A N/A 662.13M Own Blockchain -1.98% +6.83% 47 0x ZRX $99.99M $0.15583 $16,046,895 $ N/A N/A 641.64M Ethereum (ERC20) +2.66% +4.89% 48 Synthetix Network Token SNX $97.44M $0.55514 $1,506,551 $ N/A N/A 175.52M Ethereum (ERC20) +10.62% +30.09% 49 Ravencoin RVN $93.19M $0.01606 $7,978,723 $ N/A N/A 5.8B Own Blockchain +7.64% +22.97% 50 Bitcoin Diamond BCD $93.11M $0.49925 $7,520,321 $ N/A N/A 186.49M Own Blockchain +0.98% +24.42% 51 Waves WAVES $92.01M $0.90657 $52,265,169 $ N/A N/A 101.49M Waves -1.43% +2.94% 52 KuCoin Shares KCS $88.48M $1.08096 $6,607,351 $ N/A N/A 81.85M Ethereum (ERC20) -5.62% +3.58% 53 Kyber Network KNC $83.55M $0.46511 $37,517,400 $ N/A N/A 179.63M Ethereum (ERC20) -0.51% +2.95% 54 MonaCoin MONA $82.56M $1.25601 $5,471,388 $ N/A N/A 65.73M Own Blockchain -0.49% +16.24% 55 Multi-collateral DAI DAI $81.5M $1.00793 $12,358,956 $ N/A N/A 80.86M Ethereum (ERC20) +0.77% -0.11% 56 Crypto.com MCO $73.97M $4.68343 $35,165,721 $ N/A N/A 15.79M Ethereum (ERC20) +0.89% +46.41% 57 OmiseGO OMG $72.44M $0.51652 $146,414,657 $ N/A N/A 140.25M Ethereum (ERC20) +0.06% +8.5% 58 Enjin Coin ENJ $68.2M $0.08371 $6,395,701 $ N/A N/A 814.77M Ethereum (ERC20) +6.24% +34.95% 59 Steem STEEM $67.18M $0.18269 $8,138,815 $ N/A N/A 367.74M Own Blockchain +3.26% -40.03% 60 Nano NANO $66.73M $0.50080 $4,462,968 $ N/A N/A 133.25M Own Blockchain +3.65% +22.95% 61 DxChain Token DX $65.33M $0.00131 $1,396,023 $ N/A N/A 50B Ethereum (ERC20) -1.53% +5.2% 62 Theta THETA $61.97M $0.07119 $3,780,549 $ N/A N/A 870.5M Ethereum (ERC20) +1.09% +20.27% 63 Nexo NEXO $60.25M $0.10758 $9,302,685 $ N/A N/A 560M Ethereum (ERC20) +5.7% +21.59% 64 Bytom BTM $58.02M $0.05788 $13,162,128 $ N/A N/A 1B Ethereum (ERC20) -0.62% +13.82% 65 Siacoin SC $54.06M $0.00129 $674,342 $ N/A N/A 41.82B Own Blockchain -1.59% +16.65% 66 ABBC Coin ABBC $53.31M $0.09598 $33,215,942 $ N/A N/A 555.42M Own Blockchain +1.43% -3.89% 67 Holo HOT $53.26M $0.00032 $6,152,803 $ N/A N/A 163.92B Ethereum (ERC20) -2.2% +6.16% 68 DigixDAO DGD $53.09M $26.5449 $859,592 $ N/A N/A 2M Ethereum (ERC20) -0.02% +24.24% 69 Status SNT $52.25M $0.01506 $32,976,498 $ N/A N/A 3.47B Ethereum (ERC20) +5.46% +24.8% 70 Nervos Network CKB $51.23M $0.00370 $4,516,484 $ N/A N/A 13.83B Own Blockchain +3.2% +17.07% 71 DigiByte DGB $51.05M $0.00394 $1,239,677 $ N/A N/A 12.96B Own Blockchain +10.97% +25.95% 72 EDC Blockchain EDC $47.92M $0.01794 $88,603 $ N/A N/A 2.67B Own Blockchain +854.92% +700.47% 73 Horizen ZEN $47.53M $5.45661 $2,555,152 $ N/A N/A 8.71M Own Blockchain +2.18% +12.4% 74 V Systems VSYS $47.41M $0.02426 $5,296,264 $ N/A N/A 1.95B Own Blockchain -0.21% +25.77% 75 Komodo KMD $46.67M $0.39239 $1,553,984 $ N/A N/A 118.95M Own Blockchain -1.09% +20.59% 76 BitTorrent BTT $46.53M $0.00022 $58,420,407 $ N/A N/A 212.12B Tron (TRC10) +0.91% +8.7% 77 BitShares BTS $45.25M $0.01645 $3,854,452 $ N/A N/A 2.75B BitShares -2.33% +4.31% 78 HyperCash HC $44.91M $1.00792 $19,431,574 $ N/A N/A 44.55M Own Blockchain -0.39% +8.46% 79 Bytecoin BCN $42.9M $0.00023 $9,797 $ N/A N/A 184.07B Own Blockchain -3.84% +2.09% 80 Terra LUNA $41.89M $0.14558 $3,423,597 $ N/A N/A 287.77M Own Blockchain -2.24% +15.49% 81 Energi NRG $41.71M $1.52275 $766,658 $ N/A N/A 27.39M Own Blockchain +1.95% +35.79% 82 Verge XVG $40.37M $0.00249 $579,458 $ N/A N/A 16.22B Own Blockchain +2.49% +21.15% 83 Zilliqa ZIL $39.28M $0.00393 $6,738,121 $ N/A N/A 10B Ethereum (ERC20) +1.89% +9.07% 84 IOStoken IOST $38.35M $0.00319 $29,364,364 $ N/A N/A 12.01B Own Blockchain -0.76% +25.89% 85 Seele SEELE $35.69M $0.05101 $12,071,546 $ N/A N/A 699.59M Ethereum (ERC20) -0.16% +12.53% 86 Ren REN $35.08M $0.04122 $1,769,288 $ N/A N/A 851.25M Own Blockchain +2.76% +19.98% 87 Numeraire NMR $34.07M $14.4468 $1,278,126 $ N/A N/A 2.36M Ethereum (ERC20) +8.1% +46.18% 88 STASIS EURO EURS $34.03M $1.06416 $760,626 $ N/A N/A 31.98M Ethereum (ERC20) +0.61% +0.01% 89 Golem GNT $33.65M $0.03433 $3,280,346 $ N/A N/A 980.05M Ethereum (ERC20) +1.85% +9.03% 90 Ardor ARDR $33.47M $0.03351 $1,758,392 $ N/A N/A 999M Nxt -0.17% +4.14% 91 WAX WAXP $33.42M $0.03090 $1,217,528 $ N/A N/A 1.08B Ethereum (ERC20) -2.94% -8.57% 92 Quant QNT $32.97M $2.73096 $2,286,337 $ N/A N/A 12.07M Ethereum (ERC20) +9% +30.55% 93 Tachyon Protocol IPX $31.88M $0.11947 $28,422,919 $ N/A N/A 266.86M Own Blockchain +27.61% +25.1% 94 Matic Network MATIC $31.81M $0.01153 $14,156,197 $ N/A N/A 2.76B Ethereum (ERC20) +3.83% +24.7% 95 Zcoin XZC $31.61M $3.23956 $16,089,386 $ N/A N/A 9.76M Own Blockchain -0.15% -2.47% 96 Yap Stone YAP $31.43M $0.20955 $11,507,840 $ N/A N/A 150M Ethereum (ERC20) +1.74% +20.16% 97 Molecular Future MOF $30.44M $0.35851 $10,308,252 $ N/A N/A 84.89M Own Blockchain -2.54% +1.4% 98 Aeternity AE $30.4M $0.09955 $9,350,544 $ N/A N/A 305.35M Ethereum (ERC20) -1.08% +5.46% 99 aelf ELF $30.27M $0.05559 $25,730,602 $ N/A N/A 544.48M Ethereum (ERC20) +0.22% +8.8% 100 Blockstack STX $30.15M $0.08452 $158,563 $ N/A N/A 356.72M Own Blockchain +1.15% +20.3%

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Cryptocurrency Rankings | CryptoSlate

What the Heck Happened to the Cryptocurrency This Week?!

Fear, Uncertainty, and Doubt. These three words are the bane of Bitcoiners existence. Cryptocurrency enthusiasts use the acronym FUD to describe any negativity that might be swirling around the market that causes prices to drop. And the FUD was strong this week, when the whole cryptocurrency ecosphere got fucked.

Two major corrections over the last month have caused the price of bitcoin to plummet by 45 percent, and the entire cryptocurrency market has fallen with it. So, has the bubble burst? Probably not just yet. When will it? Nobody knows.

All thats certain is that people who bought in at the peak of cryptocurrency fervor are currently getting their asses handed to them. Meanwhile, reports of people taking out loans and mortgages for the privilege of getting hosed are more common than ever. Financial outlets are already charting the rise and fall of Bitcoin, and on January 15, the normally unflappable loyalists on Reddit were straight up admitting that doomsday had come.

Why is this happening? FUD.

Over the course of 2017, the price of one bitcoin went from around $900 to just over $19,000. This led to average Joes wondering what they were missing and trying to figure out how to buy into this whole Bitcoin thing. In a month, bitcoins price jumped by 200 percent, hitting yet another all-time high. It seemed like it couldnt falluntil it did. And then it did it again.

There are a lot of factors driving fear in cryptocurrency markets at the moment, but from a big picture perspective, you can really focus on three factors: governments, whales, and ICO madness.

In 2017, none of these factors seemed to be capable of taking down Bitcoin. Governments would make a comment about reviewing potential cryptocurrency regulation, the price would dip for a day and then rocket to the moon for a week. But lately, governments have been paying a little bit too much attention for anyone to feel comfortable.

China has recently been particularly concerning to the cryptocurrency market. The country previously banned initial coin offerings and exchangestwo moves that had minor impacts on pricesChinas continued regulatory scrutiny is starting to have a more lasting effect.

This week, Chinese state media reported that authorities were broadening their crackdown and scrutinizing exchange-like services. Simply put, China wants to eliminate all cryptocurrency trading thats managed to continue under the current bans. This announcement came two weeks after the country imposed new rules that will adversely affect the many cryptocurrency miners in China, who are already struggling.. Until last year, China was the most active market for cryptocurrency trading, but its fallen to number 18 in the world according to market tracker Coinhills. Nevertheless, China is still the home of the worlds biggest mining operations.

Since Chinas participation in the market has slowed, interest in South Korea has become more intense. But that interest comes with its own set of fears. The Korean Won is now the third most traded fiat currency, and that has made the South Korean government increasingly nervous about Bitcoin and its relatives. South Korean authorities have made several market-shaking moves in recent months, and more recently, conflicting statements from Seoul have suggested that an outright cryptocurrency ban might be imminent.

On the purely speculative end, Matthew Klein advanced an intriguing theory in the Financial Times. Klein thinks its possible that South Korea and China are coordinating their crackdowns on cryptocurrency in an effort to put more financial pressure on North Korea in the ongoing standoff over its nuclear program. North Korea is believed to have a large stake in cryptocurrencies and its state-sponsored hackers are often blamed for attacks on exchanges and spreading ransomware that seeks payment through digital cash. Its an interesting scenario, but again, speculative.

While many governments are trying to figure out what kind of limits they want to put on the market, others are introducing their own digital coins. Estonia has a coin in the works that would be used to reward foreigners who set up online businesses in the country. More disconcertingly, Venezuela and Russia have announced digital versions of their currencies in an effort thats widely seen as a way of getting around international sanctions. In the case of government issued coins, its unknown if they will be a harbinger of a crackdown on non-state-sponsored cryptocurrency. In short: more FUD.

And then, theres the phenomenon of Bitcoin whales. Whales are people who own a lot of bitcoin. Market researchers at AQR Capital Management estimated that just 1,000 people own 40 percent of all the bitcoin in existence, giving just a few individuals have a tremendous amount of power to manipulate the market. That happened in November, when one person moved $159 million worth of bitcoin onto an online exchange and sent analysts scrambling to guess whether or not this whale was intending to sell out while the price is right.

Whats most concerning about whales recently is the fear that some of them might be playing both sides of the field. In December, Wall Street started offering futures trading on bitcoin. Anyone can essentially place a bet on what the price of bitcoin will be by a certain date. This has led to speculation that whales could be participating in futures trading while pulling out or pumping in bitcoin to manipulate the price. On Wednesday, the first futures contract closed and those who shorted bitcoin won.

And whales arent the only individuals who can swing the market. A recent study published in the Journal of Monetary Economics took a look at the potential for price manipulation in the bitcoin ecosystem. It concluded that when the price of bitcoin jumped from $150 to $1000 over two months in 2013, it was all thanks to two bots named Markus and Willy that were likely controlled by a single person. The bots were capable of taking advantage of a bug on the Mt. Gox exchange that made it appear as if they were performing valid trades with lots of bitcoin that didnt really exist.

Another source of FUD is the explosion of initial coin offering activity, also known as an ICO. An ICO is similar to the initial public offering on the stock market as well as an entrepreneur seeking venture capital funding. Someone comes up with an idea, they present a plan, and people fund it with cryptocurrency. But unlike the businesses on the stock market, an ICO can be practically anything. People have funded a single afterparty through an ICO. An ICO can also include the launch of its own branded cryptocurrency or altcoin.

Ethereum was the most important ICO pioneer. Its a unique blockchain technology with numerous applications for businesses, and its a currency called ether. While Bitcoins price went up 1,000 percent in 2017, Ethers price rose by 8,000 percent. This has sparked a wave of offerings and a mess of people throwing money at any of them. Prior to last year, the money raised through ICOs was extremely insignificant. But in 2017, $3.5 billion flooded the ICO space.

The ICO trend seems shady, too. Its tough to say how many of the hundreds of ICOs out there are scams, but its a large number. OneCoin was a particularly prominent Ponzi scheme that bilked investors around the world out of $350 million, seems to have never issued an actual coin, and resulted in the arrest of numerous organizers. Plenty of other scam ICOs are still flying under the radar, arent necessarily illegal, so they will probably never amount to anything.

In the end, governments, whales, and ICO madness are just three sources of fear, uncertainty, and doubt. But there are plenty of other reasons that Bitcoin is such a risky investment. The fact is, no one on can actually give you good advice on cryptocurrencies except the whales, and they dont really go around broadcasting their next moves.

So for now, the FUD has people backing away, but one big swing in the other direction will have noobs coming back to the gold rush. If youre thinking about becoming one of them, just know that the deck is stacked against you.

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What the Heck Happened to the Cryptocurrency This Week?!

Cryptocurrency Price List – Top 20 Cryptocurrency Prices Today

We have listed the top 20 cryptocurrencies by market cap and price as an aggregate from top cryptocurrency exchanges. We also have the cryptocurrency price change from the past 24 hours, 7 days and 30 days. Bitcoin is currently the top cryptocurrency so we compare each of the cryptocurrencies on the list to Bitcoin. We also have the cryptocurrency trade volume that have been traded at exchanges (Coinbase, Binance, etc.) over the past 24 hours.

Bitcoin (BTC)Bitcoin was the very first cryptocurrency. Invented by an anonymous person(s) in 2009, it kick-started a revolution of new digital money and decentralized information networks. Bitcoin is likened to digital gold because it has a limited supply and can act as a store of value. It is censorship-resistant, pseudonymous, and an effective means of cross-border payments.

Ripple (XRP)Ripple is a real-time gross settlement network and payment network meant for regulated financial institutions to use. It is meant to streamline the onerous process for banks and eliminate third-parties like clearinghouses. Ripples native currency is called XRP.

Ethereum (ETH)Ethereum is meant to be a decentralized world computer. It works as a general programming platform upon which other blockchain apps can be built. It uses its native currency ether as a way to exchange value and pay for computing power.

EOS (EOS)EOS is also meant to function as a decentralized computing platform. It allows for other decentralized applications of all type to use it to power themselves. It is a competitor to Ethereum and other similar blockchains, much like how Windows OS and Mac OS compete.

Bitcoin Cash (BCH)Bitcoin Cash is a fork of Bitcoin. Bitcoin Cash differs in certain technical elements that allow for more transactions per second on chain. Proponents think it is more important to function as payments system rather than as a store of value.

Litecoin (LTC)Litecoin is one of the earliest cryptocurrencies, as well. It is a non-malicious fork of Bitcoin that gave it high transactions per second and a different mining algorithm. Litecoin is sometimes likened to silver in comparison to Bitcoin as gold. In history, silver was used more frequently for smaller transactions and gold was used less for larger sums.

Binance Coin (BNB)Binance Coin is a utility coin that is integrated in the Binance crypto exchange platform. Investors and traders on Binance can use BNB for discounts on trading fees. It is a major trading pair and is featured on its new decentralized exchange.

Tether (USDT)Tether is a stablecoin. This means that it is pegged to the US dollar and rarely fluctuates beyond a 1:1 ratio. Tether is often used by traders to escape the massive volatility in crypto prices. One USDT is redeemable for 1 USD on select exchanges.

Stellar (XLM)Stellar is an open-source payment network that relies on distributed ledger technology. Stellar is tackling the problem of making cross-border payments faster, cheaper and easier. It connects financial institutions and small businesses in different countries through its software, utilizing its native token Lumen, or XLM, as an intermediary to exchange between different currencies.

Cardano (ADA)Cardano is a protocol-layer blockchain platform that will support decentralized applications and the use of smart contracts. Cardano is aiming to add unique features, such as side chains and atomic swaps, for interoperability with other blockchains. It is also looking to add optional features like KYC/AML for financial institutions to help with regulations.

Tron (TRX)Tron is a blockchain-based platform that is looking to become a place for peer-to-peer sharing of digital entertainment content. It will allow developers to build applications on top of its protocol to introduce a more decentralized way to consume and share media.

Huobi Token (HT)Huobi Token is the native cryptocurrency within the Huobi exchange trading platform. It is modeled after the Binance Coin with a few extra perks. Investors and traders on Huobi get discounts on fees, airdrops of various coins, and can vote on certain decision within the exchange, such as new coin listings.

Monero (XLR)Monero is a privacy-centric cryptocurrency aiming to allow all transactions to be completely anonymous and untraceable. Monero uses highly technical cryptography, such as ring signatures and stealth address, to make it virtually impossible for third-parties to track. By obscuring all addresses and transactions, proponents say it makes for a more useful and fungible currency.

Dash (DASH)Dash is an open-source privacy-centric cryptocurrency that was started in early 2014. Dash is short for digital cash. Its two priorities are privacy and scalability. It uses a coin-mixing process to make transactions harder to trace and uses proof-of-stake to allow for a higher transaction throughput.

Bitcoin SV (BSV)Bitcoin SV stands for Bitcoin Satoshis Vision. It was created after a fork of Bitcoin Cash (which was originally a fork of Bitcoin). Similarly, the Bitcoin SV team wanted to make technical upgrades that allowed the network the capacity to handle an even larger volume of transactions.

IOTA (IOT)The IOTA project is focused on creating a decentralized network for connecting the Internet of Things, like smart devices and vehicles. It is aiming to make nanopayments between machines efficient and automated. It uses a different form of distributed ledger technology called Directed Acyclic Graph (DAG).

Ontology (ONT)Ontology is an open-source blockchain project that focuses on tackling issues of identity, data storage and data exchange for enterprise use cases. Ontology aims to solve problems that arise around proprietary data for large companies. It was launched in late 2017 by a Chinese company called OnChain.

NEO (NEO)NEO is meant to be a base-layer protocol that acts a platform for other decentralized applications to be built on. NEO is based in China and is sometimes referred to as the Chinese Ethereum. It aims to have better scalability and implement an identity system for all users.

Basic Attention Token (BAT)Basic Attention Token is a utility coin used in an internet browser called Brave that exchanges value between advertisers, web-sites and users in a peer-to-peer fashion. Users can earn money paid directly from advertisers for not blocking ads and websites can earn money directly from users activity on their pages.

Ethereum Classic (ETC)Ethereum Classic is the original version of the Ethereum blockchain. It only appeared following the events of the 2016 DAO Hack. Ethereum Classic was the version that decided not to fork following a dramatic debate within the community. Additionally, unlike its similarly named counterpart, Ethereum Classic has instituted a supply hard cap and remains using a proof-of-work system.

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Cryptocurrency Price List - Top 20 Cryptocurrency Prices Today

Cryptocurrency ETFs: What They Are and How to Invest in 2020 …

The launch of cryptocurrency ETFs could potentially bring an inflow of new money into the digital asset markets, which could lead to new all-time highs for many digital currencies and tokens. However, we are still waiting for the first Bitcoin ETF to hit a US exchange.

In this article, you will be introduced to cryptocurrency ETFs and what alternative investment opportunities there are in this market.

An exchange-traded fund, simply enough, is just a market-tradable security that tracks an index, a commodity, a bond, or a basket of assets. Unlike a mutual fund, shares in the ETF are tradable like stock. The best ETFs regularly outperform mutual funds, making these attractive options in the traditional market.

The idea of ETFs being available for crypto assets would solve several of the problems blocking cryptocurrencys mass adoption. A managed asset would belay some of the effects of volatility, as well as the challenges in storing and maintaining a crypto portfolio and wallet. As some of the assets that would be included in these ETFs would be crypto futures, it would also expand the options available for investors. Some traditional ETFs have allowed for speculation and hedging strategies, which could be useful on the crypto market.

While cryptocurrency is largely unregulated, regulators have been anxious when it comes to altcoins acting like securities. The SEC and Commodities Future Trading Commissions positions are that a new asset must be shown to be safe in order to be regulated in the United States. The 2017 bitcoin price spike and allegations of market manipulations, however, have made regulators skeptical.

This skepticism has largely stopped ETF approvals in their tracks. A market that has yet to start recovery is also to blame for the lack of development in ETF assets. Largely, the list of crypto ETFs available look like ourlist of bitcoin ETF assets:

The future of crypto ETFs is, like most things in the crypto-fintech sphere, connected in the markets ability to self-correct from its current bear state. Should the market emerge as bullish, it is safe to believe that the number of ETFs will surge.

For now, the fate of crypto ETFs is linked to the declining prospects of cryptocurrency futures.

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Cryptocurrency ETFs: What They Are and How to Invest in 2020 ...