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BREAKING: VeChain (VET) and Monero (XMR) Only Double Digit Gainers as Major Announcement is Made

The crypto-verse’s market is getting even more unpredictable as on a daily basis there is one coin (mostly altcoins) that stands out tremendously compared to the others. In most cases when the bears are having the saying, the token values are not impacted that heavily by any team announcement, chain improvement news or partnerships taking place. However, this time VeChain (VET) just hit it right.

VeChain VET Price and Latest

The pair VET/USD is up for 10.50% in the last 24-hours reaching a 30-days highest of $0.01952. Accordingly, it is leading the BTC market with 9.69% while trading a volume of almost $40 mil in the last day. If the token price makes it above the $0.02000 mark it would opened gates and welcome even more bulls ensuring further gain for the upcoming days.

VeChainThor VET

Source: coinmarketcap

Read Also: VeChainThor (VET) Welcomes The First Ecosystem Token Minted On Its Blockchain

Sunny Lu – founder of the 17th largest cryptocurrency by market capitalization which is attracting growth very speedy, added his comments on the future of the network during a live chat on Youtube.

The commentary started with a Mr. Lu praising the VeChain community highlighting out that it is one of the best and great examples of a crypto-community. He cited the extension of the X-node binding time window as one of the main actions the team took as a result of the community input. He confirmed that another partnership will be added to the current line-up of automotive companies that includes BMW and Renault.

PICC or People’s Insurance Company China – one of the leading insurance firm based in China has partnered up with VeChain – accordingly with Forbes post and VeChain’s announcement.

“Collaborating with PICC expands our business within the insurance industry. We are confident we will provide great service and products to PICC, together with DNV GL.” – Sunny Lu

Additionally, vie the VeChain Foundation twitter page the team announced that MainNet v1.0.2 is released with various improvements and fixes.

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Lisk (LSK) Reaches Most Important Mark to Date: Core 1.0

As reported previously on EWN on the Lisk Review Blog Post, the development team behind Lisk (LSK) were preparing for the MainNet migration on Aug 29:

“Here at LiskHQ, we’re buckled down and working hard in preparation for the upcoming Lisk 1.0.0 migration on Mainnet on August 29. All of the components of the Lisk ecosystem — Lisk Core, Lisk Elements, Lisk Commander and Lisk Hub — are all being updated and aligned with one another for the big migration. In addition to this, the Lisk Core team is also working on future releases,” the Lisk team wrote in the blog post..

Read Also:  Lisk (LSK) Coin Story, News And Development And Future Price Prediction

The coin that started with a successful ICO in Feb 2016 and a MainNet launch later on did stand out quite well against similar competitors. The platform enables developers to use the most famous programming language JavaScript to create dApps or decentralized applications run on the network. With the side chains connected to the main chain while accordingly developers managing the dApps on the side ones, the team is trying to overcome the existing problems that Ethereum is facing, for example scalability.

Going past many days of very strict yet constant testing the team launches the very important Lisk Core 1.0 to the Main Network. With its SDK or SideChain Dev Kit scalable blockchain apps are made available for creation. On top of all that, users can deploy their token on the net.

Max Kordek – Lisk Co-founder and CEO of Lightcurve added on the event:

“Today marks the beginning of a new era for the Lisk community. The road to innovation is rarely smooth, and we have taken a methodical, measured approach to our development phase, taking no shortcuts along the way. It is with a great sense of collective pride that we officially announce the release of Lisk Core 1.0, an achievement that reaffirms our ambition to be the enablers of innovation in the fast-evolving blockchain ecosystem.”

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Wikipedia Competitor Everipedia's Blockchain Is Now Live

The mainnet for decentralized encyclopedia startup Everipedia is now live.

The blockchain-based Wikipedia competitor announced the launch on Thursday, allowing users to earn its IQ tokens for adding or editing articles to the platform. These tokens, in turn, will let users participate and vote on network governance issues.

Everipedia’s developers hope that this type of model will ensure that the platform remains fully independent of donations or advertisements. At the same time, the push toward decentralization is aimed at making the platform itself “uncensorable.”

While Everipedia was previously accessible by anyone with an internet connection, the mainnet launch means it will now move from a traditional Web hosting service to a blockchain with a new URL.

The platform is built on top of the EOS blockchain platform, with Everipedia having moved to the EOS network earlier this year.

Everipedia announced that it would initially distribute its IQ tokens through an airdrop after EOS went live. Any user who owned EOS tokens could receive IQ tokens, the startup said at the time.

The startup notably boasts Wikipedia co-founder Larry Sanger as its chief information officer, as previously reported by CoinDesk.

In a statement, Sanger praised the launch, saying “we are elated to release our minimum viable network which allows users to vote on and create articles in a decentralized manner for the first time.”

Image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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EOS Hold First Place in China’s Crypto-Rating Index, Future Prediction

The 3rd monthly report of the Chinese Gov for its Cryptocurrency Rating Index is released. This time, 31 top digital currency projects are listed. EOS is positioned again first and leading while Ethereum follows second.

EOS Platform

The rating index has started back in May 2018 by CCID [China’s Center for Information Industry Development]. The coins are set in their places depending on what they can offer when it comes to: innovation, application and tech potential. Even that EOS is in the same position leading, its rating dropped [161.5 to 145.6].

EOS –  It is a project that is attempting to fix existing problems that its former depending-from network Ethereum blockchain is facing. One of them being reaching complete decentralization which cannot happen immediately as its governing does not come from the community but form a foundation.

Many are pointing ahead to a token price of above $30.00 at the end of the year. All this due to its MainNet launch that is running but mostly from a could-take place similar bull run how Ethereum experienced the last year.

EOS/USD

EOS price is currently correcting lower after trading a double-top pattern close to the critical resistance at $9.0. EOS/USD is up over 5% on the day, although it is currently trimming gains.

In the top ten by market capitalization, the pair EOS/USD is appreciating the highest gain, followed by TRON at 2.63% in the green.

According to China’s rating index, third is positioned Nebulas at 108.8, followed by GXChain at 108.3. The world leading Bitcoin has climbed from the 17th to the 16th.

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$800 Million ICON's Token Swap to Take Place Within 24 Hours

The countdown has begun for smart contracts protocol ICON’s June 20 token swap.

On Wednesday, investors will swap their existing ethereum-based ICX tokens, used for project fundraising, for coins on a live version of ICON, effectively exchanging all existing tokens in an elaborate code migration. Launched in 2017, ICON aims to connect independent blockchain communities, each with their own governance proposals, to a governing blockchain based on a protocol called loopchain.

ICON sold 50 percent of its ICX token supply for the idea in a sale last September, raising 150,000 ETH worth around $42,750,000. The project launched its blockchain in January this year, and according to CoinMarketCap, it has a collective market capitalization of about $800 million.

Still, investors have yet to be issued ICX tokens.

As such, ICON’s swap will be implemented at an exchange rate of 1:1 (1 ethereum ICX token for 1 mainnet ICX coin) via the ICONex wallet from June to September 25, as well as through supporting exchanges. Users will have until Wednesday to transfer their tokens to Binance and Upbit, and until Thursday for Bithumb – the only three exchanges supporting the swap, according to ICON.

In the event that, instead of using the ICONex wallet, token holders wish to have an exchange carry out the migration process, ICON has advised users to have approximately 0.002 ETH in their ICX-ethereum wallet in order to pay for the transaction.

Once ethereum tokens are swapped for ICX coins, the fundraising tokens will be burnt, with those that don’t make the swap being locked once the swap period ends. This is to prevent further use of the tokens. (ICON has not yet indicated how token holders can track the progress of the swap.)

But if tomorrow will mark the live version of the long-awaited platform, it hasn’t all been smooth sailing in the run-up to the swap. For example, there has been some confusion within the community as to when the token migration was set to occur.

Unlike other projects, such as EOS, ICON opted to conduct its token swap after its mainnet launch. The project said at the time of the launch that it planned to delay the swap, projected for March in the project’s roadmap, until after it released its native wallet.

However, by early April, the project had yet to announce the date of the swap, and later apologized for what it called a “lack of communication leading to confusion throughout the community,” in an update on its Medium page.

Additionally, the project encountered some technical difficulties.

On June 16, a bug was discovered in ICON’s smart contract, allowing any user except the smart contract creator to disable token transfers. Although developers resolved the issue the same day, that didn’t stop users from faulting the project for its coding oversight in this instance.

Like other projects, ICON has also expressed concerns over potential scams. Yesterday, the ICON Foundation warned users of those who could be impersonating the project during the swap, such as actors requesting ICX to be sent to individual wallets rather than the ICONex wallet and supporting exchanges.

In addition to releasing its mainnet and preparing for the token swap, ICON recently announced partnerships with the Deloitte Startup Advisory Group and social media platform Line Plus, adding to their list of enterprise partners which include Samsung, Wanchain, Hyundai and Aion.

Railroad image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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EOS Record ICO Launches on Its Blockchain: Goes Live

One massive eye opener for what can be achieved through the crypto-verse, was the team behind EOS as they raised over $4 billion in almost-a-year-ago coin offering. Now the network has finally gone live after days of struggle many confusions.

EOS Blockchain

Over 150 mil votes have been gather to conclude who will keep look-out the 5th largest blockchain platform by market capitalization. This marks the end of a very long week, perhaps most complicated that the crypto-verse has seen.

The startup Block.one is strongly pushing forward the development of EOS’s software and infrastructure. Its CTO, Dan Larimer, previously created the blockchain-based financial services platform BitShares as well as Steemit, a cryptocurrency-powered publishing platform. Both supported on the delegated proof of stake which even the network uses.

Block.one is the initiator of the token offering raising over $4 bln and now ensuring that the software is accessible. Everything commenced smoothly at around 17:46 UTC.

This happened after a roughly a week of deliberation and testing by block producer candidates – those groups vying for one of 21 validator node spots in which they will receive rewards for verifying transactions – from all around the world.

Blockchain Goes Live EOS

EOS Comparison

EOS mainnet plans on being the most powerful platform for dapps with superior smart contract capability to that of Ethereum.

Very similar to IOTA, EOS is looking to solve existing issues that cryptos are facing right now. The developers behind the 5th leading coin believe that their tech is the solution to the famous scaling problem.

The team targets to create a much faster and more efficient alternative to Ethereum. Ethereum is designed not to be only a cryptocurrency but also a platform for running blockchain-based computer programs called smart contracts. However, it is slow at processing transactions therefore EOS might have an advantage.

EOS dispenses with mining in favor of allowing token holders to elect block producers. In this case, voting power corresponding to the number of tokens an individual or organization holds. That is equal to no miners. On the other hand, Vitalik Buterin noted that the network could be vulnerable to vote-buying.

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Leading Cryptocurrency Exchange Binance Adding TRON (TRX) USDT Pair

Second largest digital asset exchange by trading volume, $1,316,892,226 per time of writing in the last 24-hours, Binance has made it known that the pair TRX/USD will be available for trading on network after the MainNet Swap.

“Binance will support the Tron (TRX) Mainnet Token Swap and will suspend withdrawals for Tron (TRX) starting from 2018/06/24 0:00 AM (UTC). Binance will handle all technical requirements involved for all users holding TRX,” the official announcement read.

With the Independence day for TRON TRX from Ethereum’s platform towards its MainNet, the project is carrying out what is known in the crypto-verse as a Token swap or migration. This will involve the exchange of the ERC20 based TRX for the new TRX coin on the Tron MainNet Blockchain.

As reported before on EthereumWorldNews, exchanges that have declared full support for the activity until now are:

  1. Bit-Z
  2. Bibox
  3. Binance
  4. Bitfinex
  5. Bitforex
  6. Bithumb
  7. BITKOP
  8. BitPro
  9. Bitpie
  10. Bittrex
  11. Bixin
  12. Coinegg
  13. Coinnest
  14. Coinrail
  15. CoinTiger
  16. DragonEx
  17. Gate.io
  18. Huobi.pro
  19. LBANK.io
  20. Liqui
  21. OEX.com
  22. OKEx
  23. OTCBTC
  24. RightBTC
  25. Upbit
  26. Zebpay
  27. Update: WazirX Exchange

The founder of TRON (TRX) Justin Sun has announced the Binance migration notice via twitter:

On the same manner, the official page of Binance on twitter tweeted the event with a link to its support.binance page:

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Tron (TRX) Price Analysis: Stronger Breakdown Ensues, Next Downside Targets

Tron was previously consolidating in triangle patterns, and a break below the short-term one preempted this bigger downside move. The larger triangle pattern spans 0.0600 to 0.1000 so the resulting drop could be of the same height.

Price is also below the area of interest or resistance-turned-support level, opening the path to a move towards the next floor at 0.0300. Stronger selling pressure might even lead to a break below this level as price has tumbled below its 100 SMA on the daily chart.

RSI is treading sideways but is indicating oversold conditions or that sellers are tired. A return in bullish momentum could lead to a brief pullback to the broken triangle bottom before more bears join in. However, stronger buying pressure could spur a move back inside the triangle or to the descending trend line closer to 0.0700.

Stochastic is also indicating oversold conditions, so there’s a good chance for buyers to return. The oscillator might need to pull out of current levels for this to happen, though.

Tron has had a pretty lackluster reaction to the mainnet launch as investors continue to wait for more updates. Even so, the company continues to forge partnerships with other firms that could tap into this particular altcoin’s applications and these could bear fruit much later on.

In fact, some analysts predict that Q3 might be the turnaround quarter for Tron after Odyssey 2.0 finishes the testing stage. Some exchanges are also completing their token migration and investors might still be holding out until this is done.

For now, Tron is tracking bitcoin and other cryptocurrencies in the sharp drop, which is being blamed on the hack on South Korean exchange Coinrail. Over the weekend, the company tweeted about the breach which affected lesser-known digital currencies likes Pundi X. Apart from that, the ongoing probe by US regulators on cryptocurrency price manipulation is keeping investors on edge.

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Tron (TRX) Price Analysis: Early Selloff Signal But Long-Term Bottom Still Holding

Tron is making its way below the short-term consolidation triangle previously highlighted, signaling that bears are gaining the upper hand. The longer-term triangle bottom still seems to be intact, though, but a continued drop could draw more sellers in.

The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This means that the selloff is more likely to resume than to reverse or that support is more likely to break than to hold. In addition, the moving averages are close to the top of the triangle around 0.06500 to add to its strength as a ceiling.

RSI is heading lower to show that sellers have the upper hand and could push for more losses. The short-term triangle spans 0.06500 to 0.05500, so the resulting drop could be of the same height. Stochastic is also moving down to signal that selling pressure is in play.

Tron investors are still in limbo when it comes to updates from the mainnet launch, so the uncertainty is keeping consolidation in play while some are liquidating positions in the meantime. So far, Odyssey 2.0, is still in its initial stage with testing for bugs and the company has a bounty program for any code errors spotted.

Nonetheless, the company continues to make partnerships that could leverage the various applications of Tron. Analysts believe that it’s only a matter of time before these dapps kick in and unleash the upside potential of Tron.

The Tron MainNet will become officially independent on June 25, 2018. ERC20 deposit services for Tron Office Website have come to an end on June 6, 2018 12:00, and ERC20 withdrawal services for Tron Office Website will end on June 22, 2018.

In contrast, the dollar is regaining some ground on profit-taking as the end of the week draws near. The upcoming G7 Summit could also pose some risks so flight to safety is seen.

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EOS (EOS) Best Weekly Performer

The so named – cryptoverse largest Initial Coin Offering, setting the value bar at $4 bln US Dollar, was planned to commence on the 1st of June 2018. But, even with all the hype surrounding the coin, the blockchain as still not seen the day-light.

EOS and the Community

The group of individuals behind the EOS platform – Block.one, has chosen something very different than what was anticipated to do. The team has handed the steering wheel to the EOS community and enthusiasts for the much awaited blockchain. Which is why, many are pointing their fingers towards the team for the delay that that move might have caused.

Based on the blog-post from Blockgenic – a block producer [DPOS Delegate], the team EOS Mainnet Launch Group is putting all efforts on a secure launch for the network. The below quote from the block produces should be kept in mind by all teams as a methodology of work.

“The work we do follows the sun from one longitude to the next allowing one team to sleep while another awakes for a full day ahead” – Blockgenic added.

In the blog you can find highlighted that the above-mentioned team EMLG has set-up the EOS GitHub mainnet repository. There the members [community, enthusiasts – helpers] can radar-scan for any bug and report.

EOS Price Leading

Since June 5th, two main EOS nets are in the process of being completed. Both chains’ representatives are in a sparking duel, having different plans on the release.

However, this created confusion in the cryptocurrency world has not stopped EOS from performing very well in the market. On a weekly basis, EOS is appreciating the best gain against the US Dollar in the top 10 list by market capitalization. EOS/USD in the last 7 days is leading with 14.33 percent increase being closed followed up by BCH/USD 13.75% and Ripple’s XRP/USD 9.68%.

EOS Trading

Source: coinmarketcap