🔷 News digest 🔷
📌The Winklevoss twins’ Gemini Trust Company is rolling out Gemini dollar, a regulated stablecoin that lets users send and receive U.S. dollars on the Ethereum network
📌Accredited Investors now able to hold Bitcoin in registered accounts in Canada
📌CNN: "People around the world are starting to trust Bitcoin more than the Central Banks".
📌A survey carried out by research service YouGov Omnibus shows that while cryptocurrency prices are tumbling, 48 percent of millennials have no problem switching to crypto as a primary currency.
🔶 Market Review 🔶
Total Capitalization - $196 120 561 700 ✅ ↑0,20%
Total Volume - $10 604 113 566 🔻 ↓2,07%
1️⃣Bitcoin 6 374,30 $ ✅ ↑0,69%
2️⃣Ethereum 195,93 $ 🔻 ↓1,57%
3️⃣Ripple 0,2713 $ 🔻 ↓2,24%
4️⃣Bitcoin Cash 471,96 $ 🔻 ↓2,37%
5️⃣EOS 5,06 $ 🔻 ↓0,10%
6️⃣Stellar 0,1942 $ ✅ ↑0,24%
7️⃣Litecoin 54,55 $ 🔻 ↓1,31%
8️⃣Cardano 0,0735 $ 🔻 ↓4,41%
9️⃣Monero 107,54 $ 🔻 ↓1,00%
🔟Dash 201,57 $ 🔻 ↓1,65%
TOP GAINERS FROM TOP-200
▪️Credo 0,0372 $ ✅ ↑46,51 %
▪️Emercoin 1,24 $ ✅ ↑44,02 %
▪️Crypterium 0,32 $ ✅ ↑42,50 %
TOP LOSERS FROM TOP-200
▪️ZClassic 4,28 $ 🔻 ↓14,88 %
▪️RChain 0,21 $ 🔻 ↓12,08 %
▪️Factom 4,26 $ 🔻 ↓10,16 %
TOP LIQUID ACTIVES
▪️TrueChain 0,51 $ ❇️ 168,4 %
▪️Bibox Token 0,43 $ ❇️ 122,9 %
▪️bitCNY 0,14 $ ❇️ 64,63 %
📌The Winklevoss twins’ Gemini Trust Company is rolling out Gemini dollar, a regulated stablecoin that lets users send and receive U.S. dollars on the Ethereum network
📌Accredited Investors now able to hold Bitcoin in registered accounts in Canada
📌CNN: "People around the world are starting to trust Bitcoin more than the Central Banks".
📌A survey carried out by research service YouGov Omnibus shows that while cryptocurrency prices are tumbling, 48 percent of millennials have no problem switching to crypto as a primary currency.
🔶 Market Review 🔶
Total Capitalization - $196 120 561 700 ✅ ↑0,20%
Total Volume - $10 604 113 566 🔻 ↓2,07%
1️⃣Bitcoin 6 374,30 $ ✅ ↑0,69%
2️⃣Ethereum 195,93 $ 🔻 ↓1,57%
3️⃣Ripple 0,2713 $ 🔻 ↓2,24%
4️⃣Bitcoin Cash 471,96 $ 🔻 ↓2,37%
5️⃣EOS 5,06 $ 🔻 ↓0,10%
6️⃣Stellar 0,1942 $ ✅ ↑0,24%
7️⃣Litecoin 54,55 $ 🔻 ↓1,31%
8️⃣Cardano 0,0735 $ 🔻 ↓4,41%
9️⃣Monero 107,54 $ 🔻 ↓1,00%
🔟Dash 201,57 $ 🔻 ↓1,65%
TOP GAINERS FROM TOP-200
▪️Credo 0,0372 $ ✅ ↑46,51 %
▪️Emercoin 1,24 $ ✅ ↑44,02 %
▪️Crypterium 0,32 $ ✅ ↑42,50 %
TOP LOSERS FROM TOP-200
▪️ZClassic 4,28 $ 🔻 ↓14,88 %
▪️RChain 0,21 $ 🔻 ↓12,08 %
▪️Factom 4,26 $ 🔻 ↓10,16 %
TOP LIQUID ACTIVES
▪️TrueChain 0,51 $ ❇️ 168,4 %
▪️Bibox Token 0,43 $ ❇️ 122,9 %
▪️bitCNY 0,14 $ ❇️ 64,63 %
💎 The main news in the cryptoindustry 💎
#Ethereum
⚠️Last week amongst the 100 most popular cryptocurrencies Ethereum has experienced the largest dip, namely having lost 35% of its value and breaking the $200 mark. The last time such prices were observed was only in July 2017.
📌What is happening to this platform and why does such a promising project is rolling downhill?
📌The reason lies in the low liquidity of projects that are built on this platform. 95% of all dAPPs are illiquid and unneeded by the community. Wide popularity was achieved only by the cryptokitties app, which ranks 1st in the number of realized transactions. DEX , which are built on the Ethereum platform, are also unpopular, as they are inferior to centralized exchanges in terms of speed. As a result, we get a platform flooded with garbage projects, which absolutely nobody needs.
📌What also complicates the situation is the fact that the developers themselves in the last year and a half are doing nothing but announcing updates - Plasma, Sharding, transition to the hybrid PoS / PoW algorithm, but it is also being stated that it will take at least a year for these updates to be implemented, which in the current situation is against the Ethereum. Many projects have already launched their platforms and are testing them, eliminating Ethereum flaws, such as scalability and transaction speed.
📌Finally, the third reason having a significant impact on the price of ETH - substantial fundraising for projects - ICOs were conducted with this cryptocurrency. Projects running their token sales in winter - spring 2018 were especially prone to Ethereum price changes, as the sum of raised funds in USD dropped by 75% since that period. Seeing this situation, the management of many projects decided to keep at least partially collected funds and began selling ETH at market price. As a result, about 1 million coins were sold in the last month, which had a significant impact on the cost of Ethereum.
✅Thus, the plunge of Ethereum is caused by serious problems that became noticable only 3 years after its launch. Only once these issues are eliminated another price increase could be expected. As for now all that's left is to wait and hope that the decline won't last long.
#Ethereum
⚠️Last week amongst the 100 most popular cryptocurrencies Ethereum has experienced the largest dip, namely having lost 35% of its value and breaking the $200 mark. The last time such prices were observed was only in July 2017.
📌What is happening to this platform and why does such a promising project is rolling downhill?
📌The reason lies in the low liquidity of projects that are built on this platform. 95% of all dAPPs are illiquid and unneeded by the community. Wide popularity was achieved only by the cryptokitties app, which ranks 1st in the number of realized transactions. DEX , which are built on the Ethereum platform, are also unpopular, as they are inferior to centralized exchanges in terms of speed. As a result, we get a platform flooded with garbage projects, which absolutely nobody needs.
📌What also complicates the situation is the fact that the developers themselves in the last year and a half are doing nothing but announcing updates - Plasma, Sharding, transition to the hybrid PoS / PoW algorithm, but it is also being stated that it will take at least a year for these updates to be implemented, which in the current situation is against the Ethereum. Many projects have already launched their platforms and are testing them, eliminating Ethereum flaws, such as scalability and transaction speed.
📌Finally, the third reason having a significant impact on the price of ETH - substantial fundraising for projects - ICOs were conducted with this cryptocurrency. Projects running their token sales in winter - spring 2018 were especially prone to Ethereum price changes, as the sum of raised funds in USD dropped by 75% since that period. Seeing this situation, the management of many projects decided to keep at least partially collected funds and began selling ETH at market price. As a result, about 1 million coins were sold in the last month, which had a significant impact on the cost of Ethereum.
✅Thus, the plunge of Ethereum is caused by serious problems that became noticable only 3 years after its launch. Only once these issues are eliminated another price increase could be expected. As for now all that's left is to wait and hope that the decline won't last long.
🔝 : Project from Top-100 CoinMarketCap 🔝
: Coin #Steem
: Exchange #Binance #Bithumb #Upbit
🖌Steem - a social network on the blockchain, which allows all its participants to earn money. The project's development began by well-known in the crypto industry developers Dan Larrymer and Nedd Scott in 2015, and in March 2016 the project was launched and immediately received ecstatic shoutouts.
📌The purpose of the project is so that each user can receive a daily reward for his/her activity within the network, and the greater the contribution the user makes - the higher the reward.
📌The project has 3 cryptocurrencies, which have different functions: Steem (the currency of the project that can be traded, exchanged and and used to buy SteemPower), SteemPower (allows you to increase the weight of your voice, become more authoritative in the project), Steem Dollar (a currency that can be traded, exchanged, but cannot be used to buy SteemPower, while it's price cannot fall below $1). Payments can be carried out in two currencies, namely Steem and SteemDollars, in a 50/50 ratio so that exchange rate fluctuations do not significantly affect the earnings on the platform.
📌The Steem project's blockchain works on the PoW algorithm and has a high bandwidth, having surpassed Ethereum and Bitcoin transcation count long ago, while also having zero fees. There are already more than 1 million users in this social network and their number is constantly growing.
📌Steem is also recognized as one of the best blockchain projects by many rating agencies, including Weiss Rating, which placed this project on the 5th line.
✅ : Outcome: The prospects for this project are incredibly high, because the blockchain allows you to publish any information that will not be censored, and it is likely that Steem could be on par with such global giants as Facebook and Twitter.
: Coin #Steem
: Exchange #Binance #Bithumb #Upbit
🖌Steem - a social network on the blockchain, which allows all its participants to earn money. The project's development began by well-known in the crypto industry developers Dan Larrymer and Nedd Scott in 2015, and in March 2016 the project was launched and immediately received ecstatic shoutouts.
📌The purpose of the project is so that each user can receive a daily reward for his/her activity within the network, and the greater the contribution the user makes - the higher the reward.
📌The project has 3 cryptocurrencies, which have different functions: Steem (the currency of the project that can be traded, exchanged and and used to buy SteemPower), SteemPower (allows you to increase the weight of your voice, become more authoritative in the project), Steem Dollar (a currency that can be traded, exchanged, but cannot be used to buy SteemPower, while it's price cannot fall below $1). Payments can be carried out in two currencies, namely Steem and SteemDollars, in a 50/50 ratio so that exchange rate fluctuations do not significantly affect the earnings on the platform.
📌The Steem project's blockchain works on the PoW algorithm and has a high bandwidth, having surpassed Ethereum and Bitcoin transcation count long ago, while also having zero fees. There are already more than 1 million users in this social network and their number is constantly growing.
📌Steem is also recognized as one of the best blockchain projects by many rating agencies, including Weiss Rating, which placed this project on the 5th line.
✅ : Outcome: The prospects for this project are incredibly high, because the blockchain allows you to publish any information that will not be censored, and it is likely that Steem could be on par with such global giants as Facebook and Twitter.
💎 The main news in the cryptoindustry 💎
#GUSD #stablecoin
⚠️On September 10, 2018, a new stablecoin Gemini USD was released, which was created by the GeminiTrust company, owned by the Winklevoss billionaire brothers.
📌The main difference from other stablecoins is the complete legal regulation, since the appearance of this coin was approved by the New York State Department of Financial Services (NYDFS). In addition, to ensure transparency of operations with GUSD, an external audit company was involved, which will be verifying that the tokens are fully backed by the US dollar in a 1:1 ratio. The same company will be publishing monthly reports on the state of affairs regarding the Gemini USD.
📌This project is realized on the Ethereum network in the form of an ERC-20 token, however, in order to acquire a GUSD token, one must create a Gemini account which enables commercial transactions.
📌This token was released due to mistrust in the largest stablecoin - Tether, with a capitalization of $3 billion. It is believed that it is directly connected with the large exchange Bitfinex and is used for money laundering. Quite often there are news where it is stated that in reality the USDT is not backed by the US dollar in a 1:1 ratio. Doubts in this are arisen from the fact that the management of Tether Ltd. does not allow legitimate representatives of financial authorities to their monetary reserves. First signs of USDT not doing very well have already begun to emerge - it is being delisted from some exchanges and replaced by more transparent stablecoins, such as TrueUSD (TUSD).
📌It is worth noting that only last week along with GUSD 2 more stablecoins appeared - CarbonUSD (CUSD) and Paxos (PAX), and they are all legally approved by NYDFS.
✅The situation with stablecoins continues to complicate, with only those of them having a chance to remain in the market, which fully comply with legal and financial regulation.
#GUSD #stablecoin
⚠️On September 10, 2018, a new stablecoin Gemini USD was released, which was created by the GeminiTrust company, owned by the Winklevoss billionaire brothers.
📌The main difference from other stablecoins is the complete legal regulation, since the appearance of this coin was approved by the New York State Department of Financial Services (NYDFS). In addition, to ensure transparency of operations with GUSD, an external audit company was involved, which will be verifying that the tokens are fully backed by the US dollar in a 1:1 ratio. The same company will be publishing monthly reports on the state of affairs regarding the Gemini USD.
📌This project is realized on the Ethereum network in the form of an ERC-20 token, however, in order to acquire a GUSD token, one must create a Gemini account which enables commercial transactions.
📌This token was released due to mistrust in the largest stablecoin - Tether, with a capitalization of $3 billion. It is believed that it is directly connected with the large exchange Bitfinex and is used for money laundering. Quite often there are news where it is stated that in reality the USDT is not backed by the US dollar in a 1:1 ratio. Doubts in this are arisen from the fact that the management of Tether Ltd. does not allow legitimate representatives of financial authorities to their monetary reserves. First signs of USDT not doing very well have already begun to emerge - it is being delisted from some exchanges and replaced by more transparent stablecoins, such as TrueUSD (TUSD).
📌It is worth noting that only last week along with GUSD 2 more stablecoins appeared - CarbonUSD (CUSD) and Paxos (PAX), and they are all legally approved by NYDFS.
✅The situation with stablecoins continues to complicate, with only those of them having a chance to remain in the market, which fully comply with legal and financial regulation.
🔝 Project from Top-100 CoinMarketCap 🔝
Coin #0x
Exchange #Binance #Bithumb #HitBTC
🔘0x is an open source protocol which enables p2p trading with ERC-20 tokens. This project appeared at the end of 2016 thanks to the efforts of Amir Bandeyli and Will Warren, while a test version was released in January 2017.
📌The project aims to ensure token trade without the participation of centralized structures - cryptocurrency exchanges. The 0x protocol allows you to create decentralized exchanges and applications that can communicate with each other through smart contracts.
📌On traditional cryptocurrency exchanges it is necessary to wait for a fairly long time before a new coin gets listed, whereas the 0x protocol allows you to start trading new ERC-20 tokens almost instantly after their creation.
📌However, the project has a disadvantage - low transaction speed in comparison with centralized exchanges, but this problem is being solved by the developers, so it can be stated with certainty that the 0x token price growth still has very high potential.
📌As of now this protocol is already using 19 decentralized exchanges and more than 20 decentralized applications. From the very beginning of its existence, all the crypto community appreciated the project and even awarded it with the title of the best project following the results of the "Consensus 2017" conference.
✅ Outcome: The project is supported by the largest investment crypto funds and has high prospects for development, because it is becoming clearer every day that the exchange of cryptocurrency assets should be carried out in a decentralized manner and the 0x protocol allows to solve this issue.
Coin #0x
Exchange #Binance #Bithumb #HitBTC
🔘0x is an open source protocol which enables p2p trading with ERC-20 tokens. This project appeared at the end of 2016 thanks to the efforts of Amir Bandeyli and Will Warren, while a test version was released in January 2017.
📌The project aims to ensure token trade without the participation of centralized structures - cryptocurrency exchanges. The 0x protocol allows you to create decentralized exchanges and applications that can communicate with each other through smart contracts.
📌On traditional cryptocurrency exchanges it is necessary to wait for a fairly long time before a new coin gets listed, whereas the 0x protocol allows you to start trading new ERC-20 tokens almost instantly after their creation.
📌However, the project has a disadvantage - low transaction speed in comparison with centralized exchanges, but this problem is being solved by the developers, so it can be stated with certainty that the 0x token price growth still has very high potential.
📌As of now this protocol is already using 19 decentralized exchanges and more than 20 decentralized applications. From the very beginning of its existence, all the crypto community appreciated the project and even awarded it with the title of the best project following the results of the "Consensus 2017" conference.
✅ Outcome: The project is supported by the largest investment crypto funds and has high prospects for development, because it is becoming clearer every day that the exchange of cryptocurrency assets should be carried out in a decentralized manner and the 0x protocol allows to solve this issue.
Viuly, Xenon and OmiseGo are leaders in the number of holders. The total number of holders continues to increase significantly
@datalightme
@datalightme
The main news in the cryptoindustry in the last week
http://amp.gs/hp2e
http://amp.gs/hp2e
Telegraph
Causes of Ripple growth
⚠️Last week's main event was Ripple's sharp rise and reaching the second place by capitalization. 📌However, this was not an instant increase in price - it was growing for 3 days straight until it peaked $0.66, which totaled 120% in those 3 days. On Sept.…
Bitcoin and Ripple are in the lead. There is a battle for the 3rd place between the Ethereum and the Dogecoin
@datalightme
@datalightme
It can be seen that countries with unstable national currencies (India, Brazil and Turkey) are increasingly interested in Bitcoin
@datalightme
@datalightme
KICK, Aeron and DAI occupy the leading lines in this nomination
@datalighme
@datalighme