Throwing away revenue? It might not make sense in conventional business, but don't tell that to crypto entrepreneurs. Indeed, for some projects, economist Joseph Schumpeter's notion of "creative destruction" is taking on a literal meaning in that they're actively destroying their own money supply – and generating value for investors in the process. It's turning out to be an unexpected benefit of the initial coin offering (ICO) model, whereby startups and projects fuel and fund their projects with a scarce digital asset they create. In short, these projects can use the token to price their services, and then strategically alter the economics of the money supply to which they have a direct relationship. To that end, burning tokens, or destroying the cryptographic keys to these assets so they can't ever be recovered, has proven to be a selling point for investors, with ICO white papers finding projects promising they will destroy new tokens as they return to the issuer as earnings. Essentially the ask is, if you buy our token now, these companies promise potential backers they'll trash them as they earn them back. However unorthodox, one thing is clear: speculators appear to love the model. Take Switzerland-based Eidoo, which just announced that it was burning 1 percent of the total supply of the EDO tokens it created when it did its ICO in November. Its latest blog post reads: "The excellent news is that we will destroy 920,000.00 EDO tokens starting from August 31st. This means that we are going to permanently remove one percent of the total supply of EDO tokens." Sure enough, EDO's price spiked nearly 40 percent shortly after the post above came out. For Eidoo, this means it earned the tokens it created back as revenue from helping startups to run ICOs on its app. But since it isn't going about this process alone (the company says it has 200,000 users eager to get in on more sales), it's jettisoning a full half of the money it brought in by burning the tokens. The twist is, Eidoo is a major holder of EDO tokens, meaning it's a win-win for the company and investors. As Eidoo's Amelia Tomasicchio told CoinDesk:
A new directionSure, there may not be guarantees that Eidoo's model will work in the long run, but industry insiders argue counter-intuitive practices like this come with the territory in eras of financial experimentation. "This is a 1.0 attempt to manage how an economy would work," author, investor and crypto startup advisor William Mougayar told CoinDesk, adding: "They all want to play Fed Reserve Chairman or Chairwoman." Mougayar said he expects more companies to handle their crypto finances in creative ways, which doesn't mean that all the ideas are good. Destroying part of a company's revenue may seem disconcerting, or even signal to consumers that it is over-priced. As Mougayar said, it's a pattern that can never work for a company that isn't delivering a service in demand. Tomasicchio wrote:
Founded in 2016 to make crypto easier and more mobile friendly, Eidoo started burning early on. After its $27.9 million ICO in November left a little over 9 percent of the tokens designated for the sale unsold, it burned them, as it had promised to do. The burning continues later this month, and so far, it's winning the project attention. "Projects burn their own tokens to remove them from the market to demonstrate consumption – as a result this creates further scarcity, thereby affecting the market cap, and arguably is a form of price manipulation," Lisa Cheng of the Vanbex Group, a blockchain services company. Follow the exchangesBut Eidoo's upcoming burn won't be the most significant instance in recent memory, as crypto exchanges that have launched their own tokens have most readily embraced the model. In July, Binance burned 2.5 million of its BNB tokens (which it uses for discounts on its exchange) worth approximately $30 million, according to a blog post (that's more than the whole market cap of all the EDO tokens). When it created the token, the company committed to burning 20 percent of its token profits each year. Even more aggressively, they say they will do it up until they've gone through half the BNB token supply. Still, there's utility beyond the depreciating supply. The Binance token has been used to lower the cost of transactions for users, helping to bring more people onto the platform, as Mohamed Fouda explained in a recent Medium post about why exchanges are launching tokens. Effectively, they leverage their large volume to drive up the value of their stored supply of tokens, offloading revenue to token appreciation. But it only works if people want to come. Mougayar gave the example of a tavern. "If I bribe you with a free beer, you may come once," he said, but visitors that don't like the place won't come back. Similarly, a company that uses a token to provide early discounts to bring people in still need to deliver a strong product. The idea is spreading across exchanges. KuCoin is using 10 percent of its profits each quarter to buy back and burn its own tokens. Even Eidoo will launch its own decentralized exchange or "hybrid exchange" in a few weeks, with plans to use EDO there as well. Munchee flashbackBut while buybacks and burning can boost price, it could present other problems for projects. Eidoo calls its token a utility token. "The way a given token works defines its very nature. Regulators themselves are already doing a good job trying to define the different categories of tokens which are being used today," Tomasicchio wrote. U.S. regulators, though, have indicated which category tokens with burn functions fall into. "I would caution those exploring this concept to check with their jurisdiction as the recent SEC announcements have been quite clear that burning tokens would constitute the actions of a security," Cheng wrote. In particular, she looked to the Munchee decision from last year, in which the U.S. Securities and Exchange Commission (SEC) specifically pointed to the company's promise to destroy tokens as an example of increased value "derived from the significant entrepreneurial and managerial efforts of others." It is well established in equity markets that buy backs are a way to support the price of a stock. If a company has cash reserves and flat growth, as Apple has had from time to time, it can be a way to keep the mass of its investors loyal by stabilizing the stock price. We have seen this pattern come to crypto as well. U Network recently did a buyback to power its growth effort. Going further and burning is adds complexity, but the SEC appears confident it can draw a parallel to what token issuers are doing with examples from equities markets. "I'm not sure this will stand the test of time," Mougayar said. He concluded:
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August 22: The crypto markets are seeing a second flush of green, with virtually all of the major cryptocurrencies seeing solid growth on the day, as Coin360 data shows. Positive price momentum is a welcome respite from protracted bearish sentiment, although multiple crypto commentators are attributing the upswing to yesterday’s announcement by leveraged crypto trading platform BitMEX that it would be halting trading for scheduled maintenance. The window has allegedly been exploited by bulls to force a spike, especially within the context of a forthcoming August 23 SEC decision on another Bitcoin exchange-traded-fund (ETF) application, that many expect will be negative. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,644 at press time, up almost 4 percent on the day, according to Cointelegraph’s Bitcoin price index. The top coin had been range bound around $6,400-6,500 for most of the week before sharply spiking by 5 percent within the space of just 45 minutes earlier today to peak around $6,790. While it has since corrected slightly, Bitcoin has been closely circling the $6,700 mark for most of the day. On the week, Bitcoin is now up 3.2 percent, and has closed its monthly losses down to around 11 percent. Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is trading around $285 at press time, up around 3.5 percent on the day. Following Bitcoin’s sharp ascent, the leading altcoin briefly peaked as high as $295, but failed to break through the $300 resistance. On its weekly chart, Ethereum is 3.7 percent in the negative; on the month, losses remain at a stark 39 percent. Ethereum’s 7-day price chart. Source: Cointelegraph Ethereum Price Index Virtually all of the other top twenty coins on CoinMarketCap’s listings are in the green, seeing gains within a range of 2-8 percent. EOS, IOTA (MIOTA) and Litecoin (LTC) are all seeing solid growth, trading at $5.06, $0.54 and $57.89 – up 5.2, 5.8 and 4.3 percent on the day respectively. As IOTA’s 24-hour chart indicates, the pattern of today’s gains among these altcoins correlates closely with the timing of Bitcoin’s sudden upswing. IOTA’s 24-hour price chart. Source: CoinMarketCap Stellar (XLM) and Cardano (ADA) are seeing just slightly more modest growth, up 1.6 and 1.9 percent to trade around $0.22 and $0.095 respectively. Tezos (XTZ), ranked 19th, is the only alt to post a slight loss on the day, down almost 2 percent to trade at $1.33 at press time. While Tezos saw a similar upwards spike in close keeping with the wider market, its valuation has since corrected back towards its week-long price range, which has been unusually consistent amid a distinctly volatile post-crash market picture.
Bitcoin (BTC) dominance – or Bitcoin’s share of total crypto market capitalization – is pushing back upwards to 53 percent, having slightly dropped down to 50.8 percent this weekend. BTC dominance has been on the rise as of mid-May, soaring as high as 54.6 percent August 14 as smaller assets tumbled. 1-month chart of cryptocurrencies by dominance. Source CoinMarketcap Total market capitalization of all cryptocurrencies is around $216.8 billion at press time, seeing a 24-hour peak at around $222.8 billion. 24-hour chart of the total market capitalization of all cryptocurrencies from CoinMarketCap The alleged ripple effect of BitMEX trading on the wider market is sparking widespread discussions on crypto social media as being likely to adversely impact forthcoming decisions from US regulators on the approval of new crypto investment instruments. Technical analyst and crypto commentator Alex Kruger has tweeted that:
Kruger is referring to the Bitcoin ETF application that was recently filed by VanEck & SolidX for trading on the Chicago Board Options Exchange (CBOE), the decision over which the SEC has deferred for further review until this fall. Notably, in its second-time rejection of another BTC ETF application from the Winklevoss Twins this July, the SEC had stated the reason as being the largely unregulated nature of Bitcoin markets. Regarding the Winklevoss’ claim that crypto markets are “uniquely resistant to manipulation,” the agency said that “the record before the Commission does not support such a conclusion.” This reinforced the stance the regulator had first articulated in its 2017 rejection:
As TetrasCapital founder Alex Sunnarborg has claimed, the SEC will reportedly not have the option to postpone its decision on the other Bitcoin ETF application from ProShares tomorrow: it will have to either approve or deny it outright. Read More Crypto Markets See Green Amid Talk of 'Forced Short Squeeze' on BitMEX : https://ift.tt/2we1vRkPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. Liechtenstein Bank Issues Own Crypto Stable Coin Aims to Become 'Blockchain Investment Bank'8/22/2018 Liechtenstein bank Union Bank AG announced it was issuing its own security tokens and in-house cryptocurrency backed by fiat in a press release Friday, August 17. Union Bank, which has concentrated increasingly on blockchain this year, said issuing its so-called “Union Bank Payment Coin (UBPC)” was a further step towards becoming a “full-service blockchain investment bank.” UBPC will act as a stable coin, the institution explained, and will have fiat currencies “such as the Swiss franc” as its backing. “Our goal is to become the world's first blockchain investment bank and to provide tangible solutions which help drive efficiencies, reduce cost base and open up new revenue opportunities for our customers and intermediaries alike,” chairman of the board of directors Mohammad Hans Dastmaltchi commented in the release.
The news came the same week that major cryptocurrency exchange Binance launched a fiat-to-cryptocurrency exchange in the tiny European principality catering to both Swiss francs and euros. Both Binance and Union Bank praised the jurisdiction’s pro-blockchain stance, indicating a desire to see functionality increase in time. In partnership with Swiss blockchain advisory Verum Capital, Union Bank said it was now looking to introduce blockchain “throughout its processes and supporting technology.” Read More Liechtenstein Bank Issues Own Crypto Stable Coin, Aims to Become 'Blockchain Investment Bank' : https://ift.tt/2NeAYdKPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. Crypto News Flash: Bitcoin (BTC) Ethereum (ETH) Stellar (XLM) EOS Verge (XVG) Binance Coin (BNB)8/22/2018 From the debate on Bitcoin’s energy consumption to the future of Verge, here’s a look at some of the stories happening in the world of crypto. Bitcoin (BTC) The manager of strategy and business development at the University of Pittsburgh’s Center for Energy says it’s time to stop worrying about how much energy Bitcoin uses. In a new article, Dr. Katrina M. Kelly-Pitou references the well-publicized statistic that Bitcoin mining used 30 terrawatt hours in 2017. “This is a lot, but not exorbitant. Banking consumes an estimated 100 terrawatts of power annually. If bitcoin technology were to mature by more than 100 times its current market size, it would still equal only 2% of all energy consumption.” On Tuesday, the US Senate Committee on Energy & Natural Resources held a hearing on the energy efficiency of blockchain. At the hearing, the program manager of technology innovation at the Electric Power Research Institute Thomas Golden said public blockchains likely use less than 0.1% of all the power consumed worldwide. Ethereum (ETH) Vlad Zamfir of the Ethereum Foundation just gave a presentation blockchain governance at the Ethereum Meetup 2018 in Zug, Switzerland. Zamfir covered some of the basics and many of the challenges inherent in the governance of nodes, software repositories, trademarks and more. EOS has officially rolled out the EOS Alliance, a non-profit initiative designed to bring more openness and transparency to the network. The initiative’s board members include EOS influencers Brock Pierce, Bancor and LiquidEOS co-founder Galia Benartzi, and multi-platinum artist Akon.
Binance Coin (BNB) HitBTC has added Binance Coin to its roster. The European crypto exchange is pairing BNB with Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).
Stellar (XLM) Stellar (XLM) is now available for trading on AnyCoinDirect. The Netherlands-based platform also allows users to buy and sell Stellar and 17 other cryptocurrencies.
Verge (XVG) The team at Verge has released a development update, offering a new look at the platform’s iOS and desktop wallet. They’ve also revealed the results of a recent poll asking the community which direction it thinks the developers should take. The community opted to have the team work on the codebase, followed by the platform’s wallets. Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing. Check Out the Latest Headlines Partner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. According to an announcement from the Maduro regime in Venezuela, from 20th August today, the country’s national cryptocurrency, Petro, will officially become the second unit of currency. Petro will also be used for paying the country’s workers. Only a week ago, Nicolas Maduro announced a new move that will see the country’s national crypto, oil-backed Petro, become the official currency of this country and the coins will be issued by Venezuela’s Central Bank and will be extensively used by PDVSA, the oil company owned by the state. Finally, the plan is to use Petro coins for paying workers’ salaries. Petro officially adoptedThe announcement of Petro becoming the country’s second unit of account was brought by Nicolas Maduro himself. He addressed the nation via television to proclaim that everything is going according to plan and that Venezuela is finally ready to officially adopt Petro. Some sources familiar with the inner workings of Venezuela’s regime stated that the monetary conversion is scheduled for August 20th and that it will remove up to five zeros from the country’s fiat currency, the bolivar. As a result, the country will issue a new banknote, the ‘Sovereign Bolivar’. Maduro said that Petro will start operating as PDVSA’s mandatory accounting unit. Even though Venezuela has a large amount of oil deposits, it still experienced a heavy economic crisis in the last few years. After numerous failed attempts to make things better in the country, Maduro’s regime turned to cryptos in an attempt to resolve the situation. According to Maduro, Petro has the potential to cure hyperinflation in Venezuela, which is why recent efforts have been made to render Venezuela as crypto friendly as possible. The positive effects of Petro have yet to be seen, as hyperinflation continues to torture the country, with some predictions saying that it will reach 1,000,000% by the end of the year. However, with Petro being officially adopted, and the sovereign bolivar about to arrive, Maduro predicts that the situation will significantly improve. He hinted that the price of sovereign bolivar will be the same as the price of Petro. New national holiday and a new structure of the salaryThe changes in Venezuela do not end there as Maduro announced that August 20th will become the new national holiday in Venezuela to commemorate the possibility of ending the country’s economic difficulties and herald a new beginning. An even bigger change involves the salaries of this country’s workers, which will now be calculated via Petro instead of the bolivar. The same goes for the prices of services and goods. According to Maduro, this will lead to a significant increase in Venezuela workers’ income. Read More Controversial Crypto Set To Become Official Unit Of Currency : https://ift.tt/2w2u1WQPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. The global trading platform eToro has just announced a sponsorship deal with seven English Premier League football clubs, and in a move that is a first of its kind, clubs will be paid for their advertising with Bitcoin. Premier League makes crypto movesIn a move that is the first of its kind for top-tier clubs in English football, seven prominent teams will be paid in Bitcoin (BTC) for advertising space and sponsored player access. The clubs involved in the sponsorship are confirmed as Newcastle United, Tottenham Hotspur, Crystal Palace, Leicester City, Cardiff City, and Brighton and Hove Albion. The snagging of high-profile clubs such as Tottenham, Newcastle, and recent Premier League champions, Leicester City, could end up playing a major role in exposing cryptocurrency to the eyes of the masses. The stadium at which Newcastle play their games, St. James’ Park, for example, has a seated capacity of over 50,000. That’s 50,000 people who will see little cryptocurrency symbols on the LED advertising boards every second weekend. Details of the sponsorship deal are relatively scarce at the moment, but like most sponsor arrangements it is thought that it will also encompass player access. This means that before long we could see players flying the flag for crypto, or at the very least, eToro. While the deal may be interpreted as a big win for eToro, the biggest impact may end up being felt more broadly, with a relatively unlikely crowd of football fans now being exposed to cryptocurrency. The combined capacity in the stadiums across all the clubs mentioned exceeds 200,000, and this may end up doing more for crypto and blockchain awareness than any advertising campaign ever could. Barry Webber, Commercial Director of Crystal Palace Football Club, celebrated the move and anticipates big things for blockchain in general:
Gibraltar club pay in cryptoAs covered here at CryptoCoin.News earlier in the month, Gibraltar United recently initiated plans to pay its players in cryptocurrency. The Gibraltar United move was considered major news at the time, particularly within the context of mainstream cryptocurrency adoption. However, today’s news has even greater ramifications. While the Gibraltar team were paying their players in Quantocoin – a cryptocurrency hodled by the team’s owner – the Bitcoin move will undoubtedly generate greater publicity. Ayr United and Bitcoin CashMeanwhile, further north up the British mainland, Scottish Championship club Ayr United recently secured a sponsorship deal which will see them wear ‘Bitcoin BCH’ (Bitcoin Cash) on their jerseys for the coming season. The club is being sponsored by CoinGeek.com, which apparently views the football club as a viable avenue of exposure for the Bitcoin Cash. As has been covered here before, football and cryptocurrency are two seemingly unlikely bedfellows who somehow continue to find themselves rubbing shoulders, and it doesn’t seem to be ending any time soon. Read More Guess Which Premier League Football Clubs Just Got Sponsored With Bitcoin? : https://ift.tt/2N5z8MwPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. Crypto markets spiked today, August 21, seeing notable gains amongst the top 100 coins in under an hour, as data from Coin360 shows. Market visualization from Coin360 Total market capitalization of all cryptocurrencies shot up over $12 million in just over an hour to peak at $222.8 million, before dropping slightly to $291.7 million by press time. 1-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap Bitcoin (BTC) had been trading sideways today around $6,400-$6,500 before seeing a sharp 5 percent spike in the space of just 45 minutes, peaking around $6,790. The leading cryptocurrency has since dropped slightly to trade around $6,715 at press time, stil up about 6.2 percent on the day. Bitcoin’s 1-day price chart. Source: Cointelegraph Bitcoin Price Index Bitcoin is also boasting almost 6 percent growth on the week, while on the month the coin is down almost 10 percent, according to Cointelegraph’s Bitcoin Price Index. All except one of the top ten cryptocurrencies have seen major growth during today’s spike, each gaining 4 to 9 percent on the day to press time. Amongst the top ten coins, EOS (EOS) has seen the most growth over the 24-hour period, up 8.7 percent and trading at $5.19. In the top twenty coins, altcoin VeChain (VET) has seen the most significant growth on the day, up a whopping 18.67 percent to trade at $0.015. As a some commentators pointed out on Twitter, the sharp upswing across crypto markets began just as leveraged crypto trading platform BitMEX announced it was halting trading for scheduled maintenance at 1:00 AM UTC. Crypto persona and self-described “crypto prophet” Beastlorion posted a series of Twitter polls in the hours leading up to BitMEX’s scheduled shutdown suggesting that the move would affect Bitcoin’s price. BitMEX is not listed on CoinMarketCap’s Bitcoin price and volume averages because, as the tracking service states on their site, “[t]he BTC/USD market on BitMEX is a derivatives market NOT actually spot trading Bitcoin. As a result, it has been excluded from the price and volume averages of Bitcoin.” On its official website, BitMEX describes itself as a “Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin,” reporting daily trade volumes of $3.76 billion. At press time, CoinMarketCap also lists BitMEX’s total BTC/USD trade volumes over the past 24 hours at around $3.7 billion. According to CoinMarketCap, currently the largest crypto exchange by daily trade volume is Binance, with around $1.12 billion in total trades of all pairs over the 24-hour period to press time. At press time, BitMEX’s most recent tweet, posted two hours ago, announced that it would be resuming trading within minutes. Read More Total Crypto Market Cap Jumps $12 Million in an Hour as BitMEX Pauses Trading : https://ift.tt/2w3hhiCPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. 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By using this website you are agreeing to be bound by the then current version of these terms of service. The cryptocurrency industry has been around for a long time and has been attracting a lot of investors for a decade. Cryptocurrency investing has turned into a huge mainstream business. Cryptocurrency has helped many people to generate extensive profits through their investment. This all started with the introduction of Bitcoin, which was the first cryptocurrency ever that gave the world the idea of the blockchain. This inspired other cryptocurrency firms to innovate more and come up with a different solution based on blockchain technology. Ethereum was one such cryptocurrency that was introduced to the market based on blockchain technology. Ethereum, however, was different than other cryptocurrencies, including Bitcoin. The Ethereum coin used smart contracts that made Ethereum a token-based cryptocurrency, which was faster than its other counterparts. This created a revolution in the cryptocurrency industry and helped Ethereum attract many investors. Investors then sought miners who could get them freshly mined Ether coins. This task was made easier when cryptocurrency exchange firms stepped into the picture. Ethereum became a favorite of crypto exchange firms as soon as they gained the attention of the users. This continued for some time without the interest or reason for such optimism becoming clear. Now, here are some reasons that will justify the interest of crypto exchanges in Ether coins. #ec3_embed_signup{clear:left; font:14px "Titillium Web", sans-serif; background:#004F88; width:768px; margin: 0 auto; width:100% !important;} #ec3_embed_signup h2 { font-size: 1.6em; text-align: center; color: #fff; margin-top: 0; margin-bottom: 10px; padding: 15px 0 0; } #ec3_embed_signup h4 { text-align: center; margin-top: 0; color: #fff; } #ec3_embed_signup form { padding: 10px 3% 25px; } #ec3_embed_signup .mc-field-group { width:100%;} #mc-embedded-subscribe-form input { border-radius: 3px; border: 1px solid #ebeef0; height: 43px; padding: 0 !important; font-size: 15px; line-height: 1.53846154; color: #555; -webkit-transition: border-color ease-in-out .15s; transition: border-color ease-in-out .15s; text-indent: 15px; } #mc-embedded-subscribe-form input:focus { outline: none; border-color: #66afe9; } #ec3_embed_signup .mc-field-group input { width: 100%; } #mc-embedded-subscribe.button { background-color: #6CBB6B; color: #fff; font-weight: bold; display: inline-block; padding: 8px 30px !important; font-size: 15px; line-height: 0.538462; border-radius: 3px; cursor: pointer; text-transform: uppercase; letter-spacing: 0.5px; border: none !important; height: 45px; text-indent: 0; } #mc-embedded-subscribe.button:hover { opacity: 0.85; } #ec3_embed_signup .clear { text-align: left; } #ec3_embed_signup #mc-embedded-subscribe-form input.mce_inline_error {border: 1px solid #CC0000;} #ec3_embed_signup #mc-embedded-subscribe-form div.mce_inline_error {color: #CC0000; margin: 2px 0 0 0;} #ec3_embed_signup .asterisk {color: #CC0000;} #ec3_embed_signup .indicates-required {color:#fff; width: 100%; text-align: right;} #ec3_embed_signup .first-name-wrapper { display:inline-block; width:49.1%; float: left; z-index: 2; clear: none; } #ec3_embed_signup .last-name-wrapper { width:49.1%; float: right; z-index: 2; clear: none; } #mce-success-response.response { color:#fff; margin-bottom: 13px; } #ec3_embed_signup .mc-field-group label { display: none !important; } ::-webkit-input-placeholder { /* Chrome/Opera/Safari */ font-family: Arial, sans-serif; } ::-moz-placeholder { /* Firefox 19+ */ font-family: Arial, sans-serif; } :-ms-input-placeholder { /* IE 10+ */ font-family: Arial, sans-serif; } :-moz-placeholder { /* Firefox 18- */ font-family: Arial, sans-serif; } #ec3_embed_signup div.mce_inline_error { background: transparent !important; padding: 5px 0 !important; font-weight: normal !important; color: #fff !important; } @media (max-width:768px) { #ec3_embed_signup .first-name-wrapper, #ec3_embed_signup .last-name-wrapper { display:block; width:100%; float: none; z-index: 2; clear: left; } #ec3_embed_signup { width: 100%; } } #mc-embedded-subscribe.button { width: 100%; } #mce-error-response{ color:#FFF; }Glorified HistoryEthereum has a glorified history of being a perfect cryptocurrency and a goodwill business organization. After gaining the prominence of being an effective cryptocurrency, the company behind Ethereum declared itself a non-profit organization. It donated all its income, except a fixed amount that can be used to maintain the Ethereum cryptocurrency. Hence the EEA (Enterprise Ethereum Alliance) was formed with the help of several start-ups and fortune 500 companies. This helped the exchange firms to realize that Ethereum was not just a cryptocurrency but it was also a brand that represented everything good. TechnologyThe technology that governs Ethereum is one of a kind and has given birth to a far superior breed of cryptocurrencies with stronger security and faster process time. Smart contracts allow the Ether coins to develop their own functionalities. Ethereum itself is a platform for developing decentralized applications and software. The Ether coins are one of many creations of Ethereum, the development platform. These types of technology only suggest that it would be much more adopted in the future and that is the reason crypto exchange firms are interested in Ethereum exchange. Market PositionEthereum currently has a market capitalization of over $31 million USD, allowing Ethereum to rank second on the list of best cryptocurrencies. Ethereum has made a significant space in the market, which was created only by the never-ending trust of the investors. The price of Ethereum is around $300 USD per Ether coin which has gained the interest of the investors. This kind of market only suggests profit and advancements in the future market. Hence the crypto exchange firms don’t want to miss out on the big action in the future. Investor InterestThe Ethereum cryptocurrency comes second in the list of top cryptocurrencies based on the market capitalization. This has gotten many investors interested in the cryptocurrency. The Ethereum coin in itself has many success stories, although it is not as well glorified as Bitcoin. Ethereum has helped many investors to generate extensive profit. This has kept the investors interested in the Ethereum coin, which led to crypto exchanges being optimistic towards Ethereum. These are some of the reasons cryptocurrency exchanges are interested in Ethereum coins. There are many online cryptocurrency exchange platforms such as Evonax, Coinbase, Circle, etc. that support Ethereum extensively for the above-mentioned reasons. They have clearly suggested that Ethereum is the future of cryptocurrencies and they would like to be a part of that future. >> Crypto Daily News: Seven Premier League Teams Sign Deals with eToro Featured image: DepositPhotos /© aa-w .crec-header h1 { color:#808080; max-width: 776px; margin-left: auto; margin-right: auto; padding-top:10px; font-size:12px; margin-bottom: 0; } .crec-container { max-width: 776px; margin-left: auto; margin-right: auto; } .crec-all-ads { display: flex ; flex-wrap: wrap ; } .crec-ad { width: 191px; padding-right: 4px; padding-top:5px; padding-bottom: 8px; } .crec-ad p { padding-top: 5px; font-weight: 700; line-height:1 !important; } .crec-ad:last-child { width: 191px; padding-right: 0; } .crec-ad > p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media (max-width: 860px) { .crec-ad { width: 50%; } .crec-ad:last-child { width: 50%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }Sponsored Crypto ContentIf You Liked This Article Click To SharePartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. 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By using this website you are agreeing to be bound by the then current version of these terms of service. CoinPayments Includes Noah Coin In Crypto Asset Trading ListRecently, the Noah Project team announced that the Noah Coin will be listed on CoinPayments, the leading processing platform in the world. After this addition, the Noah Coin will be listed on 7 different crypto trading platforms, having been added to other six on the initial stages of 2018. From the perspective of the Noah Project team, the listing on a prominent exchange such as CoinPayments signifies that the project is on course to realize its goals, which is to become a reckoning force both in Asia and on a global scale. Since its inception five years ago, CoinPayments has undergone enormous growth. It is the world’s pioneering crypto exchange that accepts payment in digital currencies. Currently, it is the busiest trading platform, with its portfolio having over 800 digital assets, over 2 million vendors and a presence in 182 different countries. Besides, other CoinPayments services include a digital wallet, swift conversion of digital assets, ICO project listing, and e-commerce cart plugins and payment solutions with an assortment of merchant tools. Throughout its existence, CoinPayments has always worked hard to actualize its goal of being the leading cryptocurrency payments processor in the world. In this regard, the company emphasizes on the provision of first-rate, dependable and accessible solutions. For instance, their unique security mechanism is bolstered by a cold hardware wallet, multi-signature verification and email confirmation. According to the Noah Project team, the listing on CoinPayments provides a gateway to access the global market, a factor that will strengthen the value of the coin in the cryptocurrency market. As of now, the effects of the listing are apparent, as the coin is more accessible and has since been integrated into several merchant stores as an acceptable means of payment. Lately, things have been going well for the Noah project. Last month, the platform was featured on Sky News Business, one of Australia’s most popular TV channels. In a show that was aired on both Apple TV and the Wall street Journal website, the Noah Project team was invited as a guest. The first episode of the show can be downloaded or streamed from the official website of the enterprise. About The Noah ProjectThe primary objective of the Noah Project is to provide cutting-edge infrastructure to crypto investors for seamless trading of digital assets. Essentially, this platform intends to pool clients, merchants and trader in a comprehensive ecosystems that is inclusive of all the necessary trading tools. Read More CoinPayments Crypto Merchant Processor Adds Noah Coin in Asset Trading List : https://ift.tt/2MoPWSePartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. Dash has experienced a singular surge in use this year. The token, which was already fairly used for e-commerce, has recently divulged data that it has been used even more recently. According to Discover Dash, a merchant directory resource for the people interested in the Dash token, there is a current list of more than 2,000 merchants all over the world accepting Dash right now. The number is up from only 639 in February, meaning that the number has more than tripled in only six months. At the moment, the list sits at the number of 2,288 vendors. Most of them are from Venezuela, totally 912 Dash sellers there. Lower Price, But Major AdoptionWhile the value of the Dash units has decreased significantly since last year (mostly due to the general cryptocurrency bear market and the influence of Bitcoin), the performance of the token has been good. Dash has slowly been paving the way to become the first token that will really be accepted as money instead of only being used as a financial asset like, in facts, most cryptos do, including the original Bitcoin. Dash is ideal for merchants because its transactions are fast and the transaction fees are quite low. This way, merchants can escape fees from expensive tokens like Bitcoin. Adoption In VenezuelaMost of the rise in adoption of Dash is happening because of the current political and economic situation in Venezuela. The country is facing a severe crisis that has led to a hyperinflation that is unprecedented in the country. According to Alejandro Echeverría, head of business development in Dash Merchant Venezuela, the currency has been heavily used for store of money and for purchase of food, not speculation in the country. Dash is running a solo race in comparison with the other cryptocurrencies, according to Echeverría, because no other cryptocurrency has an actual team in which merchants create a community to accept the tokens. This has made Dash number one in Venezuela. The crisis in Venezuela is actually very severe and the International Monetary Fund has warned that inflation in the country could reach 1 million percent at the end of the year, something only comparable to what Germany faced during the 1920s. People are generally unable to buy even the most basic things with such a high inflation. Dash is then growing in use amidst this situation, as it has instant confirmations and it can really be used as cash for the Venezuelans while the hyperinflation crisis has not yet been solved. About DashDash is a blockchain and eCommerce company that uses its own currency to fund payments. Its usage has grown more than 1000% since 2015 and it is one of the top tokens in the market right now. Its transactions are cheap when compared to Bitcoin, using fees that can be compared to the ones of credit cards. Dash has an organization or merchants that has members in many countries and it is growing. At the moment, Dash is planning a new product: Dash Evolution, which will be an user friendly decentralized payments platform for people who still do not use cryptocurrencies. Read More Discover Dash Now Used By 2000+ Merchants To Accept DASH Crypto Coin Payments : https://ift.tt/2PpXIcoPartner By desimpul.blogspot.com The materials on Desimpul's website are provided on an 'as is' basis. Desimpul makes no warranties, expressed or implied, and hereby disclaims and negates all other warranties including, without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Further, Desimpul does not warrant or make any representations concerning the accuracy, likely results, or reliability of the use of the materials on its website or otherwise relating to such materials or on any sites linked to this site. In no event shall Desimpul or its suppliers be liable for any damages (including, without limitation, damages for loss of data or profit, or due to business interruption) arising out of the use or inability to use the materials on Desimpul's website, even if Desimpul or a Desimpul authorized representative has been notified orally or in writing of the possibility of such damage. Because some jurisdictions do not allow limitations on implied warranties, or limitations of liability for consequential or incidental damages, these limitations may not apply to you. Accuracy of materials The materials appearing on Desimpul's website could include technical, typographical, or photographic errors. Desimpul does not warrant that any of the materials on its website are accurate, complete or current. Desimpul may make changes to the materials contained on its website at any time without notice. However Desimpul does not make any commitment to update the materials. Links Desimpul has not reviewed all of the sites linked to its website and is not responsible for the contents of any such linked site. The inclusion of any link does not imply endorsement by Desimpul of the site. Use of any such linked website is at the user's own risk. Modifications Desimpul may revise these terms of service for its website at any time without notice. By using this website you are agreeing to be bound by the then current version of these terms of service. |