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One Reason Why Bitcoin Is Down

If you’re looking for answers as to why the market has taken a downturn since the summer, CoinDesk seems to have one: A report from Chainalysis claims “20,000 BTC (now worth $137 million) and 790,000 ETH (now worth $102 million) remain likely controlled by PlusToken ‘scammers’.” Since July, Bitcoin’s price drops have correlated with PlusToken’s […]

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If you’re looking for answers as to why the market has taken a downturn since the summer, CoinDesk seems to have one:

A report from Chainalysis claims “20,000 BTC (now worth $137 million) and 790,000 ETH (now worth $102 million) remain likely controlled by PlusToken ‘scammers’.”

Since July, Bitcoin’s price drops have correlated with PlusToken’s periodic sell-offs. So far, Chainalysis claims “$185 million in stolen bitcoin have already been liquidated by individuals related to PlusToken.”

The following chart shows the “correlation between coins originating from PlusToken being sent to OTC brokers around the same time of bitcoin price drops.”

For now, you can point a finger at the PlusToken alleged Ponzi scheme. While we cannot say definitively whether that is the case or not, it is nice to have someone to blame.

Look on the bright side: A price dip could be the perfect time to buy.

The post One Reason Why Bitcoin Is Down appeared first on Bitcoin IRA | Official Bitcoin Retirement Account Investment.

Source: https://bitcoinira.com/articles/one-reason-why-bitcoin-is-down

Blockchain

KuCoin Has Just Announced a New Project Listed, and It’s One of Our Favorites!

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Scheduled as the next phase of the SaTT progress, the token would be listed on several top tier exchanges namely Kucoin and Uniswap the 24th September, opening it up to a big audience of users, traders and investors, giving the project the exposure it deserves. The success of SaTT token sales and future listing isn’t a short term attempt at fundraising and instant success, in fact, it’s been 2 years of continuous work to achieve set targets.

What started in 2018 is experiencing incredible success, in a market that has seen a lot of projects both genuine and low quality, get shut down due to the low number of willing participants of various token sales models. A situation well managed by SaTT advertising blockchain platform, when in today 2020, it has raised $1,000,000  in less than 48hrs after it opened its token sales for the current round, hitting its soft cap of $3,360,000 and $4,000,000 till now.

In 2020, SaTT advertising blockchain joins the league of blockchain projects that survived the tough and excruciating market of 2018-2019 and is now getting ready to be listed at various markets in an unprecedented manner not witnessed a lot of times in the cryptocurrency industry. Not too many projects will integrate 2 exchanges as qualitative as the giant Kucoin and the new little one Uniswap, which recently got a lot of attention for its Airdrop and its volume surpassing Coinbase.

Kucoin is a world class blockchain exchange known as “The people’s exchange” because of its relative ease of use, speed and security, the exchange boasts of over 5 million users from over 200 countries of the world, founded in september 2017 and operates in Seychelles. According to Alexa ranking kucoin makes the top 5 global unique visits providing the opportunity for SaTT to be known by its wide user base.

SaTT

Kucoin offers digital asset exchange of various cryptocurrencies, users can use various order types to execute their trades on the spot market. With its over $500 million trade volume, traders are assured of small bid-ask spreads when SaTT token trade commences.

Uniswap: is the popular Ethereum protocol that acts as a DeFi aggregator and has grown so much in liquidity that it recently beat coinbase 24hr volume of $1 billion. Due to its ability for traders to trade without middlemen on a peer to peer type of arrangement, the platform has become traders choice for trade in a relatively short period of time.

SaTT

Projects listed on the protocol gain huge exposure very quickly enabling once more the increase in SaTT popularity in an effective manner.

The listings is scheduled to take place on 24th September 2020, further details and exact time of the listing will be communicated in the SaTT telegram group hours before listing, users can do well to join the group to stay updated.

About SaTT

A brief overview of SaTT advertising solution shows its utilitarian values and capabilities that exist for scaling in traditional solutions. For example, social media platforms integrated into the SaTT platform are of the traditional mainstream types eg Facebook, Twitter, Instagram and YouTube, connecting and incentivizing users in a transparent and fair manner.

The SaTT platform is built on top of the Ethereum blockchain which allows for Openness and transparency of both activities and transaction done within the system, an attribute lacking in traditional outfit, which is also a significant propelling force behind the movement into the SaTT platform a continuous mass exodus of new users and influencers alike.

Source: https://www.newsbtc.com/2020/09/18/kucoin-has-just-announced-a-new-project-listed-and-its-one-of-our-favorites/?utm_source=rss&utm_medium=rss&utm_campaign=kucoin-has-just-announced-a-new-project-listed-and-its-one-of-our-favorites

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Cardano Launches $250,000 ADA Fund to Develop Its Ecosystem

IOHK, the tech firm behind Cardano (ADA) has launched a public fund to help publish the network’s decentralization further and attract entrepreneurs to the Cardano ecosystem. In a blog post, the firm revealed the new fund, part of Project Catalyst, is set to allocate funds to pay for proposals that are approved by members of […]

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IOHK, the tech firm behind Cardano (ADA) has launched a public fund to help publish the network’s decentralization further and attract entrepreneurs to the Cardano ecosystem.

In a blog post, the firm revealed the new fund, part of Project Catalyst, is set to allocate funds to pay for proposals that are approved by members of the ADA community, which will be able to use their ADA holdings to vote on projects. The blog post details the fund will be of $250,000 in ADA tokens, and comes after two trial funds.

Initially, the fund is meant to address a specific challenge, of encouraging entrepreneurs to build decentralized applications and businesses on top of the Cardano network over the next six months. Funding protocols the community can make and address various ideas, including marketing, infrastructure development, business planning, and more.

Community members will be able to compete for funding to create their projects. The community voting is part of the blockchain’s Voltaire phase, set to launch by the end of the year. Voltaire will allow the community to decide on software updates, funding, and technical improvements thanks to a “voting and treasury system.”

The ‘right’ to vote will be linked to each participant’s ADA holdings and will earn them additional rewards for voting. Participating in this first funding round will not prevent ADA holders from delegating their ADA and earning rewards as normal.

The voting and treasury system is designed to help Cardano increase its decentralization by allowing ADA holders to directly vote on the future of the network. Community members can review projects on the innovation platform, or a soon-to-be-launched mobile application.

Featured image via Pixabay.

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Industry investment firm Blockchain Capital joins the Libra Association

Blockchain Capital has joined the Libra Association as its twenty-seventh member.

The post Industry investment firm Blockchain Capital joins the Libra Association appeared first on The Block.

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Industry investment firm Blockchain Capital joins the Libra Association – The Block















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