Why Should I Buy Cryptocurrency?

Cryptocurrency allows you to move away from big banks
Decentralisation has a lot of major benefits

As soon as you tell somebody you’re a cryptocurrency investor, or that you use Bitcoin, the first thing you’ll be asked is no doubt something along the lines of ‘why should I buy cryptocurrency’ or even more annoyingly… ‘tell me why I should by cryptocurrency’ as if you’re some sort of Bitcoin salesperson. 
When this happens, there are of course a million reasons for and against buying cryptocurrency, such as freedom, decentralisation, profit, technology and the future. Downsides include debt, bad investments, literally running out of money and other factors including harm to the environment (through Bitcoin mining). So, what do we tell these people, why should they buy cryptocurrency?

The first key reason to me is decentralisation and the idea of being able to move away from central banks and governments.

Crypto allows us to control our own money and therefore, it’s got a huge advantage over FIAT currency which isn’t really owned by us. Decentralisation however does incite fear to many, and often follows with connotations of money laundering and crime, as a result of many silk road scandals and the likes, so, if you start talking about decentralisation, make sure you explain it from a technical perspective. This is where ‘blockchain technology’ comes in. This is a key selling point for cryptocurrency, because the blockchain is more than just a crypto product, the blockchain is a product of an automated and more efficient future. So, if you want to be a part of that, buy cryptocurrency, it’s as simple as that.

If you’re a successful investor and somebody asks you this question, you’ll no doubt want to let them know that your investments have been good. So yes, tell them that they can make some money out of it, though don’t be smug. Always remember to let your peers know that cryptocurrency investment is risky, no matter how much money you’ve made, your pals might not be driving away in a Porsche anytime soon as a result of it. 
Lastly and quite importantly, choice. Everyone has the choice to buy cryptocurrency and ultimately, if you want to be a part of this industry, you will. When you get asked this question, why not offer the person your help in doing some research. Tell them the reasons you buy, and then let them go off and research it a little bit more. The more we help each other, the more our own investments will benefit in the future!
Source: Crypto Daily

Vitalik Buterin & Crypto Commentators Can’t Agree on the Success of Zcash 

 

Vitalik Buterin has come to help Zcash this week following one commentator dubbed the project a “failure.”

The commentator in question said that the failure by Zcash to increase its market cap of over $250 million.

The crypto influencer also refers to the contentious Zcash founder’s reward.

 
Vitalik Buterin has come to help the privacy coin, Zcash this week following one big crypto commentator dubbed the project as a “failure.”
Digging into Zcash
@WhalePanda was the Twitter crypto commentator in question who said that the failure by Zcash to increase its market cap of over $250 million and deliver a return to investors render is why the project hasn’t worked. The crypto influencer also refers to the contentious Zcash founder’s reward. With this in mind, the projects creator Zooko Wilcox-O’Hearn would receive more than 2,000 ZEC tokens on a monthly basis.

“When do you consider your project a failure? Is it when after a funding round, 3 years of founder’s rewards & a request for an extension of these rewards the marketcap of your coin is still smaller than DOGE? A silly meme project that hasn’t gotten an update in 5 years.”

The co-founder of Ethereum and an advisor to Zcash, Vitalik Buterin made comments on WhalePanda’s assessment of Zcash.

He said:

“Zcash has been doing cutting-edge research and deployment of privacy tech and at the same time exploring uncharted terrain in blockchain governance, and the platform keeps getting better. No idea how one can consider it a failure.”

The crypto commentator is confident that investors in the privacy coin have been ‘footing the bill’ for a continuous experiment over the past few years, as he went onto add: 

“How much value has all that “cutting-edge research and deployment” given to the actual investors in the coins? Or well instead of “investors” lets call them “duped idiots that got dumped on for 3 years.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

Could Ethereum See Light From DeFi’s Market Input?

Some of the largest projects and companies in the crypto space are starting to look into DeFi.

Recently attending the Coinbase Winter 2019 hackathon, the company’s product manager Jacob Horne talked about DeFi.

Coinbase has said in a tweet that said that the so-called hackathon is primarily putting aim on building more related tools to DeFi.

Some of the largest firms in the crypto space are starting to look into DeFi.
Recently attending the Coinbase Winter 2019 hackathon, the platform’s product manager Jacob Horne talked about DeFi, short for decentralised finance, as it could become an opportunity that could change the way people interact with markets. 
Coinbase has said in a tweet that said that the so-called hackathon is primarily putting aim on building more related tools to DeFi:

“DeFi, or decentralized finance, is an essential part of an open financial system. DeFi tools are censorship-resistant, unbiased, programmable, and available to anyone with a smartphone. For this hackathon, we’re focusing on bringing DeFi to the world.”

Ethereum
So where does Ethereum come into this?
According to DeFi Pulse, the overall value licked in decentralised finance went over $657 million in Ethereum. On top of this, the value is up by just shy of 40 percent since October, within a two-month timeframe. For those that don’t know DeFinPulse is a site that overlooks and gives ratings to the different DeFi.
When you think of the quick growth that has been seen in the crypto industry these last few years, Horne said that “DeFi is an opportunity to build financial infrastructure that spans the world, is open to everybody, and starts to change how we interact with markets.”
It will be interesting to see how this situation plays out. We have seen some pretty impressive growth over the past two years with the market increasing up to $660 million from just $10 million in the years before.
For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

Bakkt Reveal Two New Products To Shape The Platform

It was announced earlier this month that Bakkt has released two new financial products.

These two new products include both Bakkt Bitcoin (USD) Monthly Options and Bakkt Bitcoin (USD) Cash-Settled Futures.

The platform says that the former is actually overseen by the Commodity Futures Trading Commission.

It was announced earlier this month that the Bitcoin futures Bakkt platform has released two new financial products. So three months after the platform went live (to a disappointing release), we are seeing two new products which could change the face of the project.
Investing products 
These two new Bitcoin investment products were revealed at the end of last week and include both Bakkt Bitcoin (USD) Monthly Options and Bakkt Bitcoin (USD) Cash-Settled Futures. 

The platform has gone onto say that the former monthly options product is actually the very first Bitcoin futures contract to be have been overseen by the United States Commodity Futures Trading Commission (CFTC). The announcement states that the price discovery occurs within a federally regulated market. Due to this and as a result, there is no exposure to de-regulate Bitcoin spot markets.
The director of digital currency research at TradeBlock, the data provider based in New York, John Todaro has spoken on the matter, saying:

“In this way, cash settled futures are often seen as simpler instruments, mostly for speculative purposes, have less delivery costs/warehousing costs associated with them, but in some cases may not be seen as the best instrument for parties that actually need the physical asset for hedging or other (like a bitcoin miner for instance may need to deliver the physical bitcoin). In both cases, futures contracts require the two parties to transact at a certain price at a future date.”

It will be interesting to see how these new products play out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

3k Transactions Per Second to Be Available on the Ethereum Network Following Istanbul

There was a huge upgrade on the Ethereum network earlier this month, dubbed Istanbul.
This was a hard fork that brought around multiple improvements to the ETH network.
It has promised to see around 3,000 transactions a second.

There was a huge upgrade on the Ethereum network earlier this month, dubbed Istanbul. This was a hard fork that brought around multiple improvements to the ETH network and, it allowed the implementation of a second layer scaling solution that has promised to see around 3,000 transactions a second whilst also sticking to their roots by maintaining decentralisation and privacy.

Account abstraction, first-class smart contract walletsCasper proof of stakeResource-efficient light clientsOptimistic rollup, 3000+ TPS post-IstanbulNon-interactive ZKPs for privacy and scalabilityYour staking will be rewardedMuch more TPS post-sharding
— vitalik.eth (@VitalikButerin) November 19, 2019
Matter Labs received a grant earlier in 2019 from the Ethereum Foundation to help support their work on a second-layer scaling solution. 
The team has been working hard ever since on the ZK Sync development. For those who don’t know, this is a trustless scaling and privacy solution that specifically focuses on user and developer experiences.
The founder of Matter Labs, Alex Gluchowski has said:

“A successful solution to the scaling problem in public blockchains is not only a matter of high transaction throughput. It must also be defined as the ability of the system to meet the demands of millions of users without sacrificing decentralization. The prerequisites of mass crypto adoption include high speed, low cost, smooth UX, and privacy.”

Istanbul
A previously reported by CryptoDaily, the Ethereum Istanbul hard fork update was an apparent success and so following this, several popular platforms announced their official support for the network upgrade.
Binance even showed their support for the upgrade. 
Coinbase also tweeted their support in that Ethereum and noted that ERC20 deposits and withdrawals have been resumed on its trading platforms and the node upgrade has been completed.

Ethereum Mainnet has been successfully upgraded. We have re-enabled send/receives to/from Coinbase and Coinbase Pro for ETH and all ERC20 assets. Thank you for your patience.
— Coinbase (@coinbase) December 8, 2019
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

PlayStation Dominates Space And Becomes Best-Selling Console Ever

All PlayStation models sold an incredible 450.12 million units.

Sony Interactive Entertainment head Jim Ryan was awarded a certificate in celebration of the record.

It was handed to him during the PlayStation Awards in Tokyo earlier this week.

As the 25th anniversary of the release of the original PlayStation console back in 1994, the company behind it has officially confirmed it has a place in the Guinness Book of Records as the best-selling video game console brand of all time.
Wow.
Sony Interactive Entertainment head Jim Ryan was awarded a certificate in celebration of the record. It was handed to him during the PlayStation Awards in Tokyo earlier this week.

We’re thrilled to be certified as the best-selling home video game console brand ever, with over 450 million units sold across the original PlayStation, PS2, PS3, and PS4 as of Nov. 7 according to @GWR.And it’s all thanks to you 💙 pic.twitter.com/maO0TOVqs2
— PlayStation (@PlayStation) December 3, 2019

As you can see from the tweet above, the official PlayStation twitter shared the news, revealing that combined total sales of all of PlayStation models, including the latest PlayStation 4 sold an incredible 450.12 million units, as of November 7th this year.
Blockchain Gaming
As previously reported by CryptoDaily:

“The awareness of EOS received a huge boost in getting its name out there this week as a Chinese TV show featured a popular blockchain RPG titled Crypto Sword & Magic.
Tokenised gaming opens up a whole new kettle of fish for dedicated players and sophisticated traders alike. As the cryptocurrency trader, Ricky Shi explains, what was once just a hobby and bit of fun has become a lucrative new way to exchange value.”

For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

The Achievements And Milestones Of The Temporal Project

In a recent interview, Derrick Foote spoke to the news outlet to discuss giving back data freedom and control online to the users. 

Foote has been involved in the Blockchain industry since 2013 and has been an active member in that time.

In a recent interview with CryptoSlate, the Canadian web 3.0 entrepreneur dedicated to helping build Web 3.0, Derrick Foote spoke to the news outlet to discuss giving back data freedom and control online to the users. 
Foote has been involved in the Blockchain industry since 2013 and has been an active member in that time. As well as being a graduate of the Oxford University Blockchain Strategy program, Foote has spent several years teaching people on the tech behind Bitcoin and other cryptocurrencies, managing many high tier over the counter deals as well as commercial mining for the past three years it has moved in the direction Blockchain and IPFS (interplanetary file system) software development.
Two years ago, Foote booted up Temporal, a scalable IPFS infrastructure to help the production of ready applications.
Speaking on the project, Foote explained how he started the firm and what the mission of Temporal actually is. 
He said:

“We dove into the Temporal project in early 2017 when our co-founder, who I meet through the Rally Trade community, and lead developer Alex Trottier introduced me to IPFS. I immediately became fascinated and we shared the same enthusiasm for the technology and how its three key features such as content addressing, data verification and de-duplication were going to change the online world for the better, fixing a lot of the current issues surrounding HTTP. We recognized that we needed to help users and enterprise operations to understand and adopt the technology, as there was no one in the space doing this at the time. We wanted to focus on creating the infrastructure that would not only support Web 3.0 but help people build and plug into this technology, enabling mainstream adoption.”

The founder further went onto talk on the notable achievements and milestones the company has over its time the last few years.

“An amazing achievement is that we are the only IPFS platform not built on cloud services leading to extreme savings for the users by not getting hit with high data storage, CPU hours, bandwidth costs. This is to ensure you can confidently store your data knowing that we maintain full ownership of the hardware and aren’t subject to a cloud-based provider randomly decommissioning our services.”

He adds:

“RTrade also achieved several other great milestones for IPFS that we are very proud of including the first Amazon S3 compatible IPFS client, IPFS WeChat mini-app, Full-Service IPFS website, our Dedicated IPFS Data Center, IPFS Amazon S3 API Client, and tools to manage private IPFS networks.”

This is just a few snippets of the interview so if you want to read the full thing click here!
For more news and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

Blockchain Capital Partner Explains Why He’s Long On Bitcoin

Taking part in an interview earlier this week on Bloomberg TV Spencer Bogart explained why he continues to be a long-term bullish investor on Bitcoin.

The partner explained why he thinks it is a bit too risky to bet against Bitcoin over the next five years.

Taking part in an interview earlier this week on Bloomberg TV Spencer Bogart, a general partner at crypto-focused venture capital firm Blockchain Capital, spoke to Taylor Riggs and Haidi Stroud-Watts, where he explained why he continues to be a long-term bullish investor on Bitcoin.
Starting the interview, Riggs told Bogart that when shows like Bloomberg look at the BTC price charts, she notices that Bitcoin is “trying to hold in support at the 200-day moving average, but the RSI doesn’t look oversold just yet,” and further asked Bogart for his thoughts on the recent price action from Bitcoin.
Bogart said:

“I think China has definitely been driving some of the price action over the past couple months, but you know, I think it’s challenging to read between the lines on what China is doing. I mean, we’ve seen some favorable moves in terms of Xi Jinping’s move to blockchain the whole country and put it as a strategic priority. And then we’ve also seen some moves like Bitcoin miners were once put on a list of industries to be eliminated from the country. It’s been removed from that list. So a slightly friendlier stance in that respect. And so while we’ve seen some crackdown on some of these smaller and shadier crypto exchanges, some of the larger ones seem to be getting a little bit more credibility within the country.”

Later on in the interview, the partner explained why he thinks it is a bit too risky to bet against Bitcoin over the next five years.
Before we go any further, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
He said:

“I think it’s a bolder bet or a riskier bet to say that Bitcoin will be less successful over the next five years than the past five years. I mean all the trends suggest otherwise — whether it’s that the value of transactions processed that I just discussed or whether it’s actually looking at what do people think of Bitcoin.”

For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

How XRP Is Being Used To Change Blockchain Gaming

The gaming sector in itself is a huge industry worth exploring but with blockchain, it has the potential to grow even more.

The gaming space has experienced a change in recent years with Virtual Reality being introduced

Looking outside of the current use cases of blockchain tech like trading and creating assets, gaming on the blockchain has been getting a bit of attention over the past few weeks. 
The gaming sector in itself is a huge industry worth exploring but with blockchain, it has the potential to grow even more. The gaming space has experienced a big change in recent years with advanced Augmented Reality and Virtual Reality being introduced to the world.
One of Ripple’s many subsidiaries, Xpring had been able to tap into the multi-billion dollar industry that is ripe for disruption, with its partnership with Forte. 
Ripple looks like it wants to speed up the adoption of the tech and blockchain in many games. 
On top of this, Ripple’s partnership with Forte utilises the companies flagship token, XRP. This is in order to make the most of cross-chain interoperability, security and inter-asset liquidity.

Brett Seyler, co-founder and Chief Platform Officer at Forte has said:

“The free-to-play business model dominates the way games are run now. This model has grown the gaming industry more than any other business model in the last ten years.”

At the moment, the free-to-play business plan is what completely dominates the way games are made and run.
Many game economies in today’s world aren’t as simple as they once were and have become significantly complex and harder to manage. This is down to increased sophistication and competition of the model. 
According to the CPO, this is where blockchain technology can become the answer. 
He went onto add:

“Creating game economies with multi-sided participation, open markets and increased transparency offer a potent solution to the challenge of the complexity plaguing game developers that result in stagnant economy design”.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

Circle Loses Its Co-Founder Who Plans To Step Down At The End Of December

Sean Neville is stepping down from his position at the end of December.

Despite this change, Neville will remain as one of the members of the board of directors.

Neville didn’t actually give a reason for him leaving but he did say that the recent sale of the Poloniex platform was one of many contributing reasons.

Circle’s co-CEO, Sean Neville wrote in an email recently to the platform’s Board of Directors saying that he notified them during a quarterly meeting that he would be stepping down from his position at the end of December. However, despite this change, Neville will remain as one of the members of the board of directors but instead, he will be an independent director.
The Next Chapter
Neville didn’t actually give a specific reason for him leaving the firm but he did say in his email that the company’s recent sale of the Poloniex platform was one of many contributing reasons that made “the time appropriate for me to transition.”

As a quick recap of this, Circle acquired Poloniex in February last year for an estimated $400 million. Despite this, the company sold off the platform less than two years later to a group of investors. One of those investors included TRON’s Justin Sun. Before the sale though, the platform was going through a rough patch and revealed that it would “geofence” specific cryptocurrencies away from its US consumer base.
Back to Circle. It is believed that Neville will continue working with CENTRE though, the collaboration effort between Circle and Coinbase which is the issuer of the USDC stablecoin. 

“I also expect to propel the mission forward through CENTRE and other new complementary paths that traverse worthwhile challenges in infrastructure, regulatory policy, economics, and product design. As always, I remain stubbornly optimistic about our ability to devise and execute well-crafted things that improve our collective future.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

French Bank To Start Testing Its Own Digital Asset Early Next Year

The Central Bank of France is getting ready to start testing its own cryptocurrency next year.

The announcement was revealed by the bank’s governor earlier this week.

The Bank of France now has blueprints so it can create its own central bank digital currency.

The Central Bank of France, is getting ready to start testing its own cryptocurrency next year, but is this good or bad news for the industry?
French Cryptocurrency 
The announcement was revealed by François Villeroy de Galhau, the bank’s governor earlier this week.
François stated in his speech that the bigger players in the space of payments are where the “centre of gravity” is at, especially for such an emerging industry. Because these big companies are based in other areas, the introduction of players outside of the banking sector could threaten the overall power of Europe.
The bank’s governor further went onto cite that the leading cryptocurrency, which “perhaps [has] no real value,” was the original asset of its kind before the advent of stablecoins. Nevertheless, despite making cross-border payments significantly more efficient and easy, the second generation of these kinds of assets still have “financial and political risks” posed above them.

He said:

“Of course, as central bankers and supervisors, there is no question of us standing by and letting this change happen unchecked. We have to remain fully committed to our dual objective – safeguarding confidence/supporting innovation – which is written into the very DNA of our institution.”

The Bank of France now has blueprints so it can create its own central bank digital currency according to François. This is because it’s the answer to payment solutions provided by private like Facebook. 

“Additional skills will be recruited to strengthen its expertise, and, with the help of our Lab, the DIIP will work with industry innovators from the private sector: we want to start running experiments rapidly and will launch a call for projects before the end of the first quarter of 2020.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

Bitcoin Watch Revealed by Car Enthusiast Alex Hirschi but Mt. Gox Link Looms…

Alex Hirschi could have just opened a big ole can of worms after she revealed a high-profile bitcoin wallet on Twitter. 
Why is this so important? Well, this ain’t no standard crypto wallet…

Alex Hirschi, a well-known social media entertainer could have just opened a big ole can of worms this week after she revealed a high-profile bitcoin wallet on Twitter. 
Why is this so important? Well, this ain’t no standard crypto wallet. 
Got the time?
It is actually a very limited edition BTC watch designed by the luxury Swiss watchmaker Franck Muller.
The Twitter thread (seen below) and one eagle-eyed Reddit poster found that this beautiful rose-gold version of the watch is in fact linked to a well-known Mt. Gox wallet. 

So even though cryptocurrency scams are unfortunately very common in the space today, the Mt. Gox scandal is possibly the milestone (if you can call it that) by which most other scams and hacks in the industry are based off.

The only functional #bitcoin watch by @FranckMuller 😱#bitcoinwatch #ripple #blockchain #Ethereum #Encrypto #franckmuller #blockchain #ad pic.twitter.com/v1PoDw1sky
— Supercar Blondie (@supercarblondie) December 1, 2019
The CEO of the now-defunct bitcoin platform, Mark Karpeles admitted in 2014 that hackers had made off with approximately 850,000 of its customers’ bitcoins. That scandal continues on to this day with new reports coming out on the matter and its former head every few months or so. It also sparks up the controversy in light of this latest revelation.
As previously reported by CryptoDaily, it was addressed to all Mt. Gox users earlier this year with the following message:
“The creditors who objected to your self-approved rehabilitation claim withdrew their objections. As a result, the approval of your self-approved rehabilitation claim has become effective, and you no longer need to file an application for claim assessment.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

Blockchain Transactions Could Take Less Than A Second Thanks To South Korean Startup Testing

Bloom Technology has just recently announced that they have created a technology that is able to make transactions on blockchain faster.

It is allegedly down to just fractions of a second.

Bloom Technology, the South Korean-based company has just recently announced that they have created a fresh kind of technology that is able to make transactions on the blockchain significantly faster.
On December 3rd, it was reported by United Press International that Bloom Tech’s CEO, Lee Sang-yoon, said that the company’s Lotus Chain technology has been able to lower the processing times on the blockchain transactions. How much lower? Well, it is allegedly down to just fractions of a second.
The company reportedly conducted a test with the public as around 635 participating nodes reveal the transaction speed of the Lotus Chain technology. So, the results showed that just one blockchain transaction took between up to 0.23 seconds, which is very fast in context. 

Moon Young-bae, Vice-Chairman of the Korea Blockchain Association commented stating:

“Locus Chain is still under development to become a complete version. But I believe that the technology is already commercially viable […] I think it is a real deal.”

Lee further went onto cite the importance of faster transactions on the blockchain by highlighting that transactions at present take “more than 10 minutes for cryptocurrencies and even longer than an hour for Bitcoin,” as it currently stands.
As per CoinTelegraph, last month “South Korea’s National Assembly national policy committee passed a bill designed to provide a legal basis for crypto in the country and bring regulatory clarity and transparency to crypto markets in South Korea. The bill still needs to be approved by the judiciary committee, but, if approved, the law would come into force in 2020.”
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

XRP Doesn’t Really Move Despite Transaction Volume Spark

XRP has recently been caught up in a strong downtrend this past few weeks.

Such a downtrend led the cryptocurrency to float around its yearly lows and a failure to muster up some upwards power.

Ripples flagship token, XRP has recently been caught up in a strong downtrend this past few weeks. This week, in particular, has seen the price action as being very much controlled by the bears. 
Such a downtrend has led the cryptocurrency to float around its recently found yearly lows and a failure to muster up some upwards power that could end up seeing Ripples XRP significantly further its losses.
The Bears Grip
Bearishness of this level is coming as the use of the XRP network was able to meet an all-time-high. That being said, it is still not clear as to whether or not this bullish fact will be enough to see the crypto’s near-term price action rise up in green.
As per Ethereum World News:

“XRP’s recent bearishness has come about as a result of the aggregated crypto markets seeing heightened selling pressure, with Bitcoin hovering within the lower-$7,000 region after it failed to find any support above $10,000 in late-October.”

Before we go any further, it’s worth saying that we aren’t financial investors and this isn’t financial advice. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
Price
In terms of price, Ripple’s XRP token is currently valued at $0.21. This comes following the token being in the red over the past 24 hours while experiencing a 0.18% loss in value this past day. Still, the flagship token is the third biggest cryptocurrency in the market but we’re sure that many in the community are hoping to see bigger gains rather than bigger losses…
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily

OneCoin's Website Finally Shuts Down

OneCoin’s website at long last has stopped operating.

This comes after lawmakers indicted one of its founders under allegations of fraud.

EurID confirmed that the website went offline because of all the criminal controversy against OneCoin.

OneCoin’s website at long last has stopped operating.
This comes months after United States lawmakers indicted one of its founders under allegations of fraud.
As the monitoring resource BehindMLM.com highlighted in a blog post published at the start of the month, OneCoin.eu no longer could go back live as of November 30th. 
OneCoin.eu
As per CoinTelegraph, after looking further into it a representative from EurID, the domain’s registry, confirmed to the publication that the website went down offline because of all the criminal controversy against OneCoin.

“The domain name is under legal investigation. Please further check our WHOIS for the status of the domain name,” a written response reads.
Like we say all the time here at CryptoDaily, it’s so important to look into a cryptocurrency before putting your money into it. Especially if it’s an unknown startup. So please do your own research before putting your money in a cryptocurrency and always remember to trade safe!
On the run
OneCoin’s co-founder Ruja Ignatova is currently on the run, while her brother, Konstantin Igantov, confessed to being guilty to the charges including money laundering and fraud. He faces up to 90 years in prison.

“Controversy continues to swell around another cryptocurrency project this month. The creator of altcoin HEX, Richard Hart, attracted widespread accusations of foul play after making various promises including free tokens to Bitcoin holders.”

HEX describes itself as “the first high interest paying Blockchain.”
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
Source: Crypto Daily