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Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App

HTC is resolved to win the race for the best blockchain phone on the market. Its commitment to the community seems to be genuine and not only have they bet on accepting payment exclusively in cryptocurrencies to promote their use but also decided to include third-party software that makes use of these technologies.

In a tweet published a few hours ago by Mr. Brendan Eich, CEO of Brave Software, he expressed his satisfaction after confirming HTC’s decision to include Brave as the Exodus’ default web browser.

Brave Browser: Using Basic Attention Token (BAT) To Create a Better Internet

Brave Browser uses blockchain technologies to improve the user experience and change the way content providers relate to consumers. The idea is to make browsing faster and more convenient by rewarding not only users for consuming content but also giving them the ability to benefit content creators.

“Once you enable Brave Rewards, the Brave browser automatically and anonymously keeps track of sites each user visits. The more times that a user visits a site, the larger the proportion of the user’s monthly contribution is “ear-marked” for that content creator. When contributions for a content creator exceed $100.00 USD, an email is sent to both the webmaster of the site and the registered domain owner from your WHOIS information. The email explains how to verify the ownership of your website with Brave Software.”

The token used by Brave Browser is the Basic Attention Token (BAT), a cryptocurrency that has recently gained considerable popularity, especially after the announcement that it has been supported by Coinbase to be traded on its platform.

Blockchain-Phones: The New Trend

For its part, the HTC Exodus 1 Phone is a phone created by HTC with blockchain technology focused on those users who want to manage their crypto coins from their mobile phone without additional hardware. To do this, HTC developed its own hardware wallet with multi-asset support. The wallet is named Zion and runs on independent hardware embedded into the phone.

The main competition of the HTC Exodus, is the Sirin Labs’ Finney Phone, a device that has similar features but runs under a proprietary Operating System developed as an Android fork.

The post Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App appeared first on Ethereum World News.

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Ethereum Constantinople To Launch In Jan. 2019, ETH Surges 10%

Ethereum Constantinople Blockchain Upgrade Nearing Activation

As reported by Ethereum World News in early-October, after developing Constantinople for months, the Ethereum core development team decided to take the blockchain upgrade to the network’s Ropsten testnet. At the time, the developers believed that if the test succeeded, Constantinople, a protocol that will decrease block rewards and divert ASICs,  would be uploaded to the mainnet by October’s end.

However, upon activation of the upgrade on Ropsten, it became apparent that something was amok, as the fork stalled at block 4,299,999 for two hours, indicating that Constantinople had trouble coming out of the starting gate. Even after the testnet resumed, zero transactions were initially shown in the post-hard fork blocks.

Eventually, Afri Schoedon, a developer at Parity, took to Twitter to give the crypto community a concise update on the situation, simply explaining that a consensus issue had unfortunately occurred, catalyzing a three-way fork between Geth, Parity, and another popular Ethereum-based client. In a post-mortem of the fork, the Parity developer explained:

  • Recently added hashpower caused reduced block times and caused this hardfork to happen much earlier than expected on a Saturday which is, by all means, the worst time for a hardfork.
  • Hardfork happened only 6 days after Geth release and 1 day after Parity release, users had not enough time to upgrade.
  • There is no fork monitor available, only http://ropsten-stats.parity.io which does not reveal details about the different chains.

Keeping all these issues in mind, Schoedon, who is an active blockchain developer, claimed that the Ethereum community shouldn’t rush this pertinent upgrade.

After the event, Ethereum World News stipulated that Constantinople could activate by mid-January, the 16th to be exact. And now, in a recent Core Developer meeting, this call for a January blockchain upgrade has come true.

Through the project’s most recent bi-weekly call, it has been confirmed that Ethereum Constantinople will activate on the processing of block 7,080,000, which is slated to arrive around January 14th, per CoinTelegraph and statistics from Etherscan.

Serenity Continues To Loom 

For those who aren’t aware, the launch of Constantinople is a pertinent event in Ethereum’s long-term calendar, as the upgrade will move the long-standing project one step closer towards Serenity.

Justin Drake, a blockchain researcher, recently told Ran NeuNer that Serenity, or Ethereum 2.0, has been chugging along just fine. Drake claimed that researchers have continued to propose better and better designs for the upgraded blockchain, which would see Ethereum activate Sharding, a protocol that speeds up data processing.

Even Vitalik Buterin, a co-founder of the world-renowned project, lauded Serenity. At Devcon4, the Russian-Canadian coder noted that the blockchain overhaul may eventually facilitate “pure PoS consensus, faster times to synchronous confirmation (8-16 seconds), economic finality (10-20 minutes),” and, most importantly, a 1,000x scalability upside, which will likely discredit all fears of scalability.

ETH Posts 10% Gain Amid Market Tumult

Although the news regarding the Constantinople upgrade’s activation wasn’t confirmed as a bullish catalyst, in the past 24 hours, as per Live Coin Watch, Ether (ETH) has surged by 10.6%, beating the performance of Bitcoin by 8.62%.

This recent move, which sent the asset sky-high, brings ETH to $94.7, after falling to a more-than-year-to-date low at $82 on Thursday night/Friday morning from over-$100.

Title Image Courtesy of ian dooley on Unsplash

The post Ethereum Constantinople To Launch In Jan. 2019, ETH Surges 10% appeared first on Ethereum World News.

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Rumor: Bitmain Financials Indicate $740 Million In Q3 Losses Excluding Cost of Bitcoin Cash (BCH) Hash War

Since the hard fork of Bitcoin Cash that resulted in the ABC camp claiming the ticker for BCH, the value of the digital asset has dropped from around $500 on the day before the event (November 14th) to current levels of $115. This is a drop in value of 77% in a period of less than a month. Some crypto enthusiasts and analysts have concluded that BCH has entered what is known as a Downward Spiral. This has been explained as the situation where it might not be profitable to mine the digital asset.

Recap of Hash Wars

The Bitcoin Cash hash wars involved two camps. There was Craig Wright who supported the Satoshi Vision upgrade of BCH or simply BSV. Then there was Roger Ver and Jihan Wu (CEO of Bitmain) who were for the ABC version of the coin’s upgrade.

Bitmain Rumored to Have Made $740 Million In Loses in Q3, 2018

According to the Bitcoinist, unconfirmed leaked information indicate that Bitmain has lost $740 Million in Q3 of 2018 excluding the costs to financing the Hash Wars. The Bitcoinist cites a twitter account with the username of @BTCKING555 who revealed the information as follows.

We got leak of Bitmain Q3 numbers! COMPLETE DISASTER. The company lost $740 Million including losses on inventory and bitcoin cash! And this is not accounting for hash war costs! #bitmainipo @HKEXGroup

The full tweet can be found below.

Concerns that the Anticipated Bitmain IPO Might Not Be As It Seems

If the reported losses of $740 Million turn out to be true, and without factoring in the costs of the Hash Wars, investors might begin to assume that the anticipated public offering of Bitmain worth $18 Billion might be a way of passing over ‘the bag’ of a failing venture.

It was also revealed that Bitmain decreased its holdings of Bitcoin in preference for Bitcoin Cash around March this year.

One Medium blog summarized the scenario of passing the bag through an IPO as follows:

You have a persisting bear market.

How do you realize the value of this monolith crypto business and your holdings?

You IPO and pass the bag on in one huge lumped stock offering and hope investors don’t realize all of your current assets are very, very illiquid.

UnitedCorp Files Suit Against Bitmain, Roger Ver and Others

In addition to the aforementioned concerns, UnitedCorp has launched a suit against Bitmain, Bitcoin.com, Roger Ver, Kraken Bitcoin Exchange and others. The suit claims that they hijacked the Bitcoin Cash Network after the November 15th hard-fork. UnitedCorp filed its suit in the US District Court for the Southern District of Florida.

What are your thoughts on the possible losses at the Bitmain cryptocurrency mining company? Do you think that the cost of Hash Wars could increase the rumored figure of $740 Million significantly? Please let us know in the comment section below. 

[Image courtesy of AngelBroking.com]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post Rumor: Bitmain Financials Indicate $740 Million In Q3 Losses Excluding Cost of Bitcoin Cash (BCH) Hash War appeared first on Ethereum World News.

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Rumor: Bitmain Financials Indicate $740 Million In Q3 Losses Excluding Cost of Bitcoin Cash (BCH) Hash War

Since the hard fork of Bitcoin Cash that resulted in the ABC camp claiming the ticker for BCH, the value of the digital asset has dropped from around $500 on the day before the event (November 14th) to current levels of $115. This is a drop in value of 77% in a period of less than a month. Some crypto enthusiasts and analysts have concluded that BCH has entered what is known as a Downward Spiral. This has been explained as the situation where it might not be profitable to mine the digital asset.

Recap of Hash Wars

The Bitcoin Cash hash wars involved two camps. There was Craig Wright who supported the Satoshi Vision upgrade of BCH or simply BSV. Then there was Roger Ver and Jihan Wu (CEO of Bitmain) who were for the ABC version of the coin’s upgrade.

Bitmain Rumored to Have Made $740 Million In Loses in Q3, 2018

According to the Bitcoinist, unconfirmed leaked information indicate that Bitmain has lost $740 Million in Q3 of 2018 excluding the costs to financing the Hash Wars. The Bitcoinist cites a twitter account with the username of @BTCKING555 who revealed the information as follows.

We got leak of Bitmain Q3 numbers! COMPLETE DISASTER. The company lost $740 Million including losses on inventory and bitcoin cash! And this is not accounting for hash war costs! #bitmainipo @HKEXGroup

The full tweet can be found below.

Concerns that the Anticipated Bitmain IPO Might Not Be As It Seems

If the reported losses of $740 Million turn out to be true, and without factoring in the costs of the Hash Wars, investors might begin to assume that the anticipated public offering of Bitmain worth $18 Billion might be a way of passing over ‘the bag’ of a failing venture.

It was also revealed that Bitmain decreased its holdings of Bitcoin in preference for Bitcoin Cash around March this year.

One Medium blog summarized the scenario of passing the bag through an IPO as follows:

You have a persisting bear market.

How do you realize the value of this monolith crypto business and your holdings?

You IPO and pass the bag on in one huge lumped stock offering and hope investors don’t realize all of your current assets are very, very illiquid.

UnitedCorp Files Suit Against Bitmain, Roger Ver and Others

In addition to the aforementioned concerns, UnitedCorp has launched a suit against Bitmain, Bitcoin.com, Roger Ver, Kraken Bitcoin Exchange and others. The suit claims that they hijacked the Bitcoin Cash Network after the November 15th hard-fork. UnitedCorp filed its suit in the US District Court for the Southern District of Florida.

What are your thoughts on the possible losses at the Bitmain cryptocurrency mining company? Do you think that the cost of Hash Wars could increase the rumored figure of $740 Million significantly? Please let us know in the comment section below. 

[Image courtesy of AngelBroking.com]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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BitGuild Moves the Bitizens Gaming DApp From Ethereum (ETH) to Tron (TRX)

In a tweet on the 25th of November, Justin Sun had urged Ethereum (ETH) developers to migrate their tokens and projects to the Tron (TRX) platform. His tweet went on to explain why they should do so.

In bear market, #Ethereum developers should migrate your token to #TRON immediately.

  1. 0 transaction fee, no gas in #TRX.
  2. Compatible to #ETH, 0 migration cost.
  3. 2000 TPS.
  4. #TRON dex listing.

You can easily increase your token value 100% with High liquidity.

BitGuild Migrates the Bitizens Gaming DApp from Ethereum to Tron

One such project known as BitGuild, has decided to migrate its Bitizens Dapp and the world of Bitropolis from the Ethereum network to that of Tron. The team also announced that they will be taking the portal and the Bitizens game offline to facilitate the move.

The team went to request patience as they iron out the process.

We hope you understand that this endeavor will ultimately lead to a better, stronger and more vibrant future for BitGuild and its community.

We apologize for any inconvenience, and we’re looking forward to resuming full operations as soon as possible.

Possible Reasons Why BitGuild Moved Bitizens to the Tron Network

The announcement by BitGuild did not dwell much into why they chose to move the Bitizens DApp from the Ethereum network to that of Tron. However, the Tron network has been exhibiting exponential growth since the Mainnet was launched mid this year. Once the Tron Virtual Machine was activated in October, the sky was the limit for Tron in terms of attracting developers to create DApps on its platform.

One unique feature of the Tron Virtual Machine is that it is compatible with both the Solidity programming language and the Ethereum Virtual Machine. This means that migration between the two platforms should not be too much of a hustle for an experienced developer. This is evident in the number of smart contracts that are active on the Tron network: 1,119.

There is also the additional fact that the Tron network can process up to 2,000 transactions per second. This is 80 times faster than the Ethereum network. Doing the math, the Tron network can handle 172,800,000 transactions in a day at maximum capacity.

Checking TronScan.org, we find that in the last 24 hours, the Tron network has processed 1.94 Million transactions compared to 600,000 on the Ethereum network during the same time period.

With the Tron foundation planning on integrating the zk-SNARKS privacy protocol onto the network, it is not surprising that DApps will choose its platform over Ethereum’s.

The Tron Foundation has also launched a DApp accelerator plan to make sure that the network has the best DApp developers moving forward.

What are your thoughts on BitGuild moving its Bitizens game from the Ethereum network to that of Tron? Is it a sign of things to come as projects look for networks with higher processing capabilities? Please let us know in the comment section below. 

[Image courtesy of @BitGuildPLAT]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post BitGuild Moves the Bitizens Gaming DApp From Ethereum (ETH) to Tron (TRX) appeared first on Ethereum World News.

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BitGuild Moves the Bitizens Gaming DApp From Ethereum (ETH) to Tron (TRX)

In a tweet on the 25th of November, Justin Sun had urged Ethereum (ETH) developers to migrate their tokens and projects to the Tron (TRX) platform. His tweet went on to explain why they should do so.

In bear market, #Ethereum developers should migrate your token to #TRON immediately.

  1. 0 transaction fee, no gas in #TRX.
  2. Compatible to #ETH, 0 migration cost.
  3. 2000 TPS.
  4. #TRON dex listing.

You can easily increase your token value 100% with High liquidity.

BitGuild Migrates the Bitizens Gaming DApp from Ethereum to Tron

One such project known as BitGuild, has decided to migrate its Bitizens Dapp and the world of Bitropolis from the Ethereum network to that of Tron. The team also announced that they will be taking the portal and the Bitizens game offline to facilitate the move.

The team went to request patience as they iron out the process.

We hope you understand that this endeavor will ultimately lead to a better, stronger and more vibrant future for BitGuild and its community.

We apologize for any inconvenience, and we’re looking forward to resuming full operations as soon as possible.

Possible Reasons Why BitGuild Moved Bitizens to the Tron Network

The announcement by BitGuild did not dwell much into why they chose to move the Bitizens DApp from the Ethereum network to that of Tron. However, the Tron network has been exhibiting exponential growth since the Mainnet was launched mid this year. Once the Tron Virtual Machine was activated in October, the sky was the limit for Tron in terms of attracting developers to create DApps on its platform.

One unique feature of the Tron Virtual Machine is that it is compatible with both the Solidity programming language and the Ethereum Virtual Machine. This means that migration between the two platforms should not be too much of a hustle for an experienced developer. This is evident in the number of smart contracts that are active on the Tron network: 1,119.

There is also the additional fact that the Tron network can process up to 2,000 transactions per second. This is 80 times faster than the Ethereum network. Doing the math, the Tron network can handle 172,800,000 transactions in a day at maximum capacity.

Checking TronScan.org, we find that in the last 24 hours, the Tron network has processed 1.94 Million transactions compared to 600,000 on the Ethereum network during the same time period.

With the Tron foundation planning on integrating the zk-SNARKS privacy protocol onto the network, it is not surprising that DApps will choose its platform over Ethereum’s.

The Tron Foundation has also launched a DApp accelerator plan to make sure that the network has the best DApp developers moving forward.

What are your thoughts on BitGuild moving its Bitizens game from the Ethereum network to that of Tron? Is it a sign of things to come as projects look for networks with higher processing capabilities? Please let us know in the comment section below. 

[Image courtesy of @BitGuildPLAT]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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Binance Adds True USD (TUSD) to its Combined Stablecoin Market (USDⓈ)

Less than a week ago, the team at Binance announced that it was launching a Combined Stablecoin Market (USDⓈ) that would add more stablecoins in addition to Tether (USDT). The move was considered by many, as catering for institutional clients who would prefer multiple stablecoins rather than just one.

Binance already has the following stablecoins.

  • Paxos Standard Token (PAX) – listed on the 21st of September
  • TrueUSD (TUSD) – listed on the 16th of May
  • USD Coin (USDC) – listed on the 15th of November

PAX First To be Added To the Stablecoin Market

Soon after the aforementioned announcement (and on the 29th of November, Paxos Standard Token (PAX) was added onto the stabelcoin market to be a base currency paired with BTC, BNB, ETH, XRP, EOS and XLM.

True USD (TUSD) Added Onto the Stablecoin Market

Earlier today, Binance announced that it was also adding True USD (TUSD) to the stablecoin market. TUSD will be paired as follows:

  • BNB/TUSD
  • BTC/TUSD
  • ETH/TUSD
  • XRP/TUSD
  • EOS/TUSD
  • XLM/TUSD

Technical Delay for BTC, ETH and BNB Pairs

The trading pairs for TUSD had been scheduled to go live tomorrow, December 7th at 10am UTC. However, the team have delayed the listings of BTC, ETH and BNB pairs due to technical reasons. They have since updated the crypto trading community as follows.

Due to technical reasons, we will delay the listing of BNB/TUSD, BTC/TUSD, ETH/TUSD trading pairs to a later date. As such, we will keep the TUSD/BNB, TUSD/BTC, TUSD/ETH trading pairs listed until this date.

This means that only TUSD pairs with XRP, EOS and XLM will be listed tomorrow.

The CEO of Binance, Changpeng Zhao, took to twitter to apologize about the delay. He explained there was a bug that needed to be fixed. His tweet can be found below.

USD Coin (USDC) Likely To Be Next

With two out of three of the stablecoins listed on the new market, it is only natural to assume that it is only a matter of time before USDC is added with similar pairs on Binance.

What are your thoughts on Binance adding PAX and TUSD to the stablecoin market? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post Binance Adds True USD (TUSD) to its Combined Stablecoin Market (USDⓈ) appeared first on Ethereum World News.

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Binance Adds True USD (TUSD) to its Combined Stablecoin Market (USDⓈ)

Less than a week ago, the team at Binance announced that it was launching a Combined Stablecoin Market (USDⓈ) that would add more stablecoins in addition to Tether (USDT). The move was considered by many, as catering for institutional clients who would prefer multiple stablecoins rather than just one.

Binance already has the following stablecoins.

  • Paxos Standard Token (PAX) – listed on the 21st of September
  • TrueUSD (TUSD) – listed on the 16th of May
  • USD Coin (USDC) – listed on the 15th of November

PAX First To be Added To the Stablecoin Market

Soon after the aforementioned announcement (and on the 29th of November, Paxos Standard Token (PAX) was added onto the stabelcoin market to be a base currency paired with BTC, BNB, ETH, XRP, EOS and XLM.

True USD (TUSD) Added Onto the Stablecoin Market

Earlier today, Binance announced that it was also adding True USD (TUSD) to the stablecoin market. TUSD will be paired as follows:

  • BNB/TUSD
  • BTC/TUSD
  • ETH/TUSD
  • XRP/TUSD
  • EOS/TUSD
  • XLM/TUSD

Technical Delay for BTC, ETH and BNB Pairs

The trading pairs for TUSD had been scheduled to go live tomorrow, December 7th at 10am UTC. However, the team have delayed the listings of BTC, ETH and BNB pairs due to technical reasons. They have since updated the crypto trading community as follows.

Due to technical reasons, we will delay the listing of BNB/TUSD, BTC/TUSD, ETH/TUSD trading pairs to a later date. As such, we will keep the TUSD/BNB, TUSD/BTC, TUSD/ETH trading pairs listed until this date.

This means that only TUSD pairs with XRP, EOS and XLM will be listed tomorrow.

The CEO of Binance, Changpeng Zhao, took to twitter to apologize about the delay. He explained there was a bug that needed to be fixed. His tweet can be found below.

USD Coin (USDC) Likely To Be Next

With two out of three of the stablecoins listed on the new market, it is only natural to assume that it is only a matter of time before USDC is added with similar pairs on Binance.

What are your thoughts on Binance adding PAX and TUSD to the stablecoin market? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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Binance Adds Sub-Accounts Feature with Zero Downtime Experienced

Earlier November this year, we saw the cryptocurrency exchange of Binance open its doors to institutional investors. Part of the plan was to introduce a feature that allows individual institutional accounts to have up to 200 sub accounts. Less than a month later, the exchange has announced today that it has launched the anticipated feature which aims at bringing improved managerial control and asset audit tools to institutional account holders.

Each Sub Account Will Have Its Own APIs

The announcement by the exchange was made only minutes ago and described the new feature as follows.

This upgrade will serve entities looking to set up multiple trading accounts within one organization and control access on an account level.

The original/main account has sole control over the movement of assets within the accounts as well as the ability to set permissions and grant different access levels for up to 200 sub accounts.

API users will be pleased to know that each sub account will have its own set of API limits, enabling them to trade with more freedom and at a higher capacity.

Account Security

The new feature also offers adequate security for each sub account. Individual account login information has been properly subdivided.

Master Account and Sub Account Access

The master account will be able to do the following:

  • View all data and balances for all accounts
  • Transfer funds between accounts
  • Parental managerial control
  • Create, edit and delete all API keys
  • Place and cancel all orders

The sub-account will only have two abilities: to delete APIs linked to the sub account and to place/cancel orders linked to its account.

No Downtime Experienced 

One thing to note, is that the new feature was added onto the exchange without any scheduled downtime as is the case whenever any cryptocurrency exchange wants to upgrade its platform. The CEO of Binance – Changpeng Zhao – tweeted about this achievement as follows.

What are your thoughts on the new sub account feature geared towards attracting institutional investors? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post Binance Adds Sub-Accounts Feature with Zero Downtime Experienced appeared first on Ethereum World News.

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ZCash (ZEC) Now Live on Coinbase and Its Mobile Apps

Six days after listing ZCash (ZEC) on its Pro version, Coinbase has announced via Twitter and Medium that the privacy coin is now available for trading on the regular Coinbase and the corresponding mobile apps on Android and iOS. All Coinbase customers can now log in to buy, sell, send, receive and/or store ZEC.

However, the cryptocurrency will not be available in some jurisdiction as explained by the exchange.

ZEC will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York. Additional jurisdictions may be added at a later date.

Market Reaction to The Listing

Rather than ZEC experiencing gains due to the news of its availability on the regular Coinbase, it has dropped from $71.26 to current levels of $68.91. This is a drop in value of 3.2% in less than an hour indicating that the Coinbase effect might have had the opposite result on ZEC.

Earlier on in the week, Ethereum World News had pointed out that the Coinbase effect did not support the price of ZEC to expected levels when it was listed on the Pro version of the exchange. When ZEC was listed on the 29th of November, it jumped 17% in value but failed to hold its gains longer than 24 hours.

Two reasons might be why ZEC failed to experience a sustained higher value. Firstly, investor fatigue brought about by the bear market evident with Bitcoin being valued at under $4,000. The second being that crypto traders are not that much enthusiastic about ZEC as they are about other prominent cryptocurrencies such as TRX or XRP.

Which Digital Asset Is Next Between Cardano (ADA) and Stellar (XLM)

Earlier on in the week, we had also explored why Coinbase chose to list ZEC before XLM. The speculated reasons were also two: competition with the Gemini exchange by the Winklevoss twins and demand from institutional investors.

This means that Coinbae has listed 3 of the original 5 digital assets it had expressed interest in. They included ZRX, BAT, ZEC, XLM and ADA. Only Stellar and Cardano are yet to be listed.

We had also postulated the loose theory that Cardano (ADA) might be listed on Coinbase before Stellar (XLM) due to two reasons. The first being that XLM is similar to XRP that is yet to be listed. The second being that ADA was more ‘decentralized’ and transparent thus boosting its probability of being listed.

What are your thoughts on the Coinbase effect not having the desired results on the value of ZEC? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post ZCash (ZEC) Now Live on Coinbase and Its Mobile Apps appeared first on Ethereum World News.