Connect with us

Blockchain

Ethereum Classic Under Multiple 51% Attacks | Bitcoin News Summary Aug 10, 2020

Published

on

Ethereum Classic has suffered its second 51% attack in less than a week, bringing the ongoing security of the network into question. During the attack, the offending miner managed to double-spend $5.6 million worth of ETC after spending only $200,000 to acquire the hash power for the attack. The ETC team was advising its clients to halt interactions with the network while corrective steps were taken.

The US branch of global cryptocurrency exchange, Binance has halted all trading and orders following an incident. CEO Catherine Coley tweeted, “Your funds are safe” and she added that the incident was not a hack. In a later update Binance.US clarified, they noticed an error that was not allowing users to see their orders and they didn’t want users trading blindly. 

$1.4 million in BTC and ETH was stolen from Spanish crypto firm, 2Gether. The firm stated that it won’t be able to rapidly repay all its users, whose pooled funds were stolen. 2Gether, which provides wallet, exchange, and crypto payment card services, has drawn up a plan involving the issuance of new tokens to affected customers.

The Xapo crypto custody and card service, the second biggest identified holder of Bitcoin, transferred nearly 100,000 BTC. Bitcoins worth over $1.1 Billion were transferred for a fee of only $3.55.The funds were moved to what is now the third-largest Bitcoin address by value.

Before we conclude, this week’s Bitcoin quick question is: can I store multiple altcoins on a hardware wallet? The answer is yes, although which altcoins you are able to hold depends on the hardware wallet you choose to use.

The most popular hardware wallets are Trezor and Ledger. Ledger, for example, is known to support a wide variety of altcoins on both of their models, the Nano S and the newer Nano X. Trezor, however, does not support popular altcoins like XRP, Cardano, EOS or Monero on its popular Trezor One model. It does, however, support them on their advanced Model T.

The important thing to confirm when choosing your hardware wallet is that it supports Ethereum-based tokens, as it is the most popular platform for developers to create their token.

For a complete comparison of hardware wallets, including altcoin support, visit the link in the description below.

Have a question you want us to answer? Just leave it in the comment section below. And if you want to support our videos, consider using the Brave browser for faster, ad free browsing that can also earn you rewards. Just visit the link in the description below.

That’s what’s happened this week in Bitcoin. See you next week.

Source: https://99bitcoins.com/bitcoin-news-summary-aug-10-2020/

Blockchain

Kraken Daily Market Report for September 30 2020

Published

on


Overview


  • Total trading volume at $146.9 million, much of the volume occurred during a surge at 03:00 UTC when prices were temporarily declining.
  • The second most traded coin was USDT, which beat out Ethereum. Over the last few months the share of USDT has been steadily growing. USDT may take the 2nd spot permanently if trends continue.
  • There were no red-hot or ice-cold coins today. Monero was +7.6% over USD, and Synthetic was -4.7%; all other coins were in-between.

September 30, 2020 
 $146.9M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$10773. 
↓0.6% 
$73.3M
USDT 
$0.9999 
↑0.0% 
$22.5M
ETH 
$359.23 
↓0.2% 
$22.1M
LINK 
$9.8569 
↓3.2% 
$6.76M
XMR 
$108.17 
↑7.6% 
$4.82M
USDC 
$1.0002 
↑0.02% 
$2.74M
DOT 
$4.3478 
↓3.3% 
$2.43M
XRP 
$0.2417 
↓0.3% 
$2.04M
ATOM 
$5.3680 
↑1.1% 
$2.0M
XTZ 
$2.1995 
↓1.5% 
$1.68M
ADA 
$0.1013 
↑0.12% 
$1.45M
OXT 
$0.2903 
↓2.9% 
$1.37M
LTC 
$46.239 
↑1.3% 
$1.32M
ALGO 
$0.3465 
↑2.0% 
$1.25M
OMG 
$4.0221 
↓1.9% 
$1.23M
BCH 
$227.94 
↓0.5% 
$953K
SC 
$0.0030 
↑1.5% 
$903K
SNX 
$4.7390 
↓4.7% 
$601K
XLM 
$0.0748 
↑1.0% 
$572K
DAI 
$1.0098 
↓0.11% 
$431K
ZEC 
$64.034 
↑4.5% 
$428K
ETC 
$5.7304 
↓0.3% 
$403K
TRX 
$0.0262 
↓0.3% 
$341K
WAVES 
$2.5695 
↑4.9% 
$308K
STORJ 
$0.5107 
↑2.1% 
$273K
KAVA 
$2.2858 
↑1.6% 
$239K
REP 
$14.310 
↓0.05% 
$205K
MLN 
$29.770 
↓2.5% 
$204K
DASH 
$69.128 
↑1.0% 
$204K
EOS 
$2.5788 
↓0.7% 
$200K
XDG 
$0.0026 
↓1.4% 
$160K
QTUM 
$2.4312 
↓0.1% 
$159K
BAT 
$0.2391 
↑0.7% 
$156K
CRV 
$0.9459 
↓0.4% 
$156K
ICX 
$0.4209 
↓1.3% 
$152K
GNO 
$43.170 
↓3.7% 
$124K
PAXG 
$1899.3 
↓0.6% 
$120K
COMP 
$133.29 
↑0.3% 
$113K
NANO 
$0.8254 
↑1.5% 
$110K
KNC 
$0.9800 
↓0.9% 
$68.8K
LSK 
$1.1805 
↓1.4% 
$47.0K
KSM 
$34.434 
↓3.1% 
$38.4K
BAL 
$15.674 
↑0.06% 
$19.4K
REPV2 
$14.318 
↑1.9% 
$15.1K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (September 30 2020)



Figure 2: Mid-size trading assets: (measured in USD) (September 30 2020)



Figure 3: Smallest trading assets: (measured in USD) (September 30 2020)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (September 30 2020)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (September 30 2020)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (September 30 2020)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (September 30 2020)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Source: https://blog.kraken.com/post/6462/kraken-daily-market-report-for-september-30-2020/

Continue Reading

Blockchain

President Maduro: Venezuela Seeks Opportunities To Use Cryptocurrency For Global Trade

Published

on

  • Venezuela’s cryptocurrency story continues as the country’s President Nicolas Maduro has presented new use cases. 
  • A recent report informed that the South American nation is studying the possibility of using digital assets in trades alongside the national Petro. 
  • President Maduro has presented new anti-sanctions law in the Constituent National Assembly. In a recent speech, he asserted:

“The anti-sanctions law is the first response to give new strength to the use of petro and other cryptocurrencies, national and global, in domestic and foreign trade, so that all cryptocurrencies of the world, state and private, could be used. This is an important project that is under development.”

  • The news comes after Maduro suggested last year that his country could adopt cryptocurrency payments.
You Might Also Like:
  • Additionally, Venezuela signed a new tax agreement this summer that enabled the nation to start collecting taxes and fees in the Petro.
  • A study reported by CryptoPotato revealed that digital assets already play an essential role in the country’s struggling economy. Venezuela’s intensifying financial crisis has catalyzed significant interest in cryptocurrencies as people seek opportunities to escape the devaluating national currency.
  • The Bitcoin peer-to-peer volume exemplifies the growing interest in the primary cryptocurrency within the country. As per data from coin.dance, the BTC P2P volume on LocalBitcoins has been continuously surging in the past several months.
Bitcoin P2P Trading Volume LocalBitcoins. Source: coin.dance
Bitcoin P2P Trading Volume In Venezuela on LocalBitcoins. Source: coin.dance
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited – first 200 sign-ups & exclusive to CryptoPotato).

Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.


Source: https://cryptopotato.com/president-maduro-venezuela-seeks-opportunities-to-use-cryptocurrency-for-global-trade/

Continue Reading

Blockchain

Leader That Allowed Scams: TRON’s Justin Sun Responds to Claims by Ex-Employees

Published

on

Yesterday The Verge published an elaborate article portraying a picture of Justin Sun’s leadership at BitTorrent post the peer-to-peer file-sharing site’s acquisition by the TRON foundation.

Sun later responded to the ‘false-claims’ made by TRON/BitTorrent’s ex-employees in the article with ‘An Open Letter to Anyone Who Cares to Read’ on Medium.

Claim: Megalomaniac Leader; Response: True Libertarian

In the supposedly expose piece, author

Refuting the above portrayal of his leadership, Sun, in his response, stated that he has devoted his entire life ‘to being a responsible, global citizen’. Adding to this, Justin said that is a true champion of libertarian principles for a significant portion of his life.

I have devoted myself to being a responsible, global citizen throughout my entire life, spending significant portions of my personal and professional life to activities promoting universal values of respect, liberty, equality, and kindness.

The TRON and BitTorrent chief impressed further on his ‘global’ approach to things. He explained that the TRON Foundation harbors a ‘global team of talented contributors and developers’. And that he takes ‘pride in working’ with this global community to make TRON ‘one of the greatest decentralized blockchain protocols’.

You Might Also Like:

Claim: Freedom Suppressor; Response: Upholder Of Human Rights, Individual Values

Dunaway reportedly engaged in conversations with folks who are/were associated with the TRON brand and the work culture. From what he gathered, Justin enforced a draconian company culture, with employees officially following the ‘9-9-6’ norm.

According to the article, TRON’s HR had Slack replaced with its Chinese counterpart DingTalk. The communication platform had an in-built surveillance mechanism that would use ‘Apple Health to count people’s steps’. Also, DingTalk used to ping employees literally all the time.

To this, Sun responded by saying that he has left no stone turned in, establishing a work culture that respects.

diversity and individuality through a culture that cherishes fundamental human values freedom of speech, user privacy, intellectual property protection, kindness, a diversified working environment, and compliance with legal standards.

Justin went on to comment that TRON and BitTorrent operate with a ‘globally collaborative team’. One that upholds and respects the ethos of cross-culture teams. Sun claimed that the folks at TRON folks have ‘worked hard’ to create a collaborative work culture. One that values freedom of speech and individual privacy.

Claim: Suppressed Criticism, Allowed Scams; Response: No Control Over Protocol Functioning

The Verge piece mentioned that ‘decentralization’ was just a facade for what was happening behind the curtains. Justin Sun and his core officials exercised strict control over content moving about and within the TRON network.

This involved allegedly paying a Redditor to ‘erase negative posts’. Which later drew the ire of the community.

Free speech is part of the ideology of decentralization, where ideas flow without gatekeepers. Tron started deleting any post it wanted.

The article also claimed that TRON’s administration team was silent and allowed the perpetration of scams on the network. While this happened, scammers and the scammed continue to grow in numbers while the management did nothing to interfere.

Justin, in his Medium post, said that he and the entire TRON administration team function sans control. Even though the team at TRON works to upgrade the platform, they do not exercise any censorship/regulation.

…we have no control or discretion over what applications use the protocol, what data is transmitted, or how its community members use it.

Sun went to add that he and his team are proud of TRON and BitTorrent’s achievement over the years. He went to quote that both have collectively ‘served 2 billion users around the world. These include ‘numerous enterprises, universities, and governments’.

Lastly, the TRON and BitTorrent boss struck down all claims made by ex-employees Lucasz Juraszek, Richard Hall, and Cong Li. Justin declared that the TRON foundation’s legal counsel has submitted all the requisite proofs and evidence pieces to the court. “We believe the decision will speak for itself”, he said.

BTT and TRX’s price didn’t seem to undergo any correction following the release of the bitterly scathing Verge piece. On the contrary, BTT is actually up 2.3% in the last 24 hours.

Featured image courtesy of QZ.com

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited – first 200 sign-ups & exclusive to CryptoPotato).

Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.


Source: https://cryptopotato.com/megalomaniac-leader-that-allowed-scams-trons-justin-sun-responds-to-claims-by-ex-employees/

Continue Reading

Trending