Altcoins Energized as XRP, XLM and ZRX Leave Bitcoin Behind

Another day of inactivity and consolidation for Bitcoin has kept the king of crypto just above support. Its lethargy has resulted in another dip in market share as a few of the altcoins start to make bigger moves. Ripple’s XRP, Stellar Lumens and 0x are among them.
Bitcoin Dominance Dip Good For XRP
A couple of very brief touches of $8,400 was all that BTC could muster over the past 24 hours. Clearly there are too many bears lurking here and resistance is proving too strong for another day. On the low side Bitcoin dropped to $8,240 but recovered back to site smack in the middle of its ranging channel at just over $8,300 again.
The continued tedium on BTC markets has been music to the ears of altcoin traders, especially those into XRP. The Ripple token has made over 11% since the weekend, adding half of that today as it approaches strong resistance.
According to Tradingview.com XRP is one of the day’s top performing digital assets as it hit $0.298 a couple of hours ago. The move has invigorated the ‘XRP Army’ on CT who has turned bullish on their baby which has posted a 20% gain in October.
XRP price October 2019 – Tradingview.com
What should be noted however is that even after this increase, the Ripple token is still down 15% since the beginning of the year so has a long way to go.
The upcoming Ripple Swell event in Singapore early this month appears to be driving momentum as it has done in previous years. The gathering of Ripple executives and XRP advocates is the most bullish event of the year for the company and its token deserves some long awaited love.
There is a massive wall of resistance at $0.30 which is currently being tested, but a break of this could see a bigger pump for XRP.
Stellar, 0x Lifting Off
As usual when XRP moves, its little sister follows. XLM has made 8% over the past 24 hours as it climbs to $0.065, however it too is way down from previous highs and has a long way to go. Stellar momentum is likely to mimic Ripple’s as the two tokens often move in tandem.
There is little fundamentally driving XLM at the moment so the Swell event could be beneficial to it too. Stellar is currently ranked tenth in terms of market cap which has reached $1.3 billion today.
Today’s other big mover is ZRX which has made a larger 10% jump to reach $0.337. Daily volume for the DEX protocol token has doubled to $64 million as it creeps back up the market cap charts outperforming those around it. Plenty of updates were announced at Devcon 5 as development on the protocol continues.
Bitcoin’s slowdown is finally starting to benefit some of the altcoins with XRP, XLM and ZRX leading the way today.
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UK Customers to Enjoy Full GBP Support Following Coinbase Reinstatement

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UK Customers to Enjoy Full GBP Support Following Coinbase Reinstatement
After nearly three months of a blackout, Coinbase’s UK retail and institutional customers can now withdraw and deposit cash within 60 seconds.
UK Customers to Enjoy Full GBP Support Following Coinbase Reinstatement

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Source: CoinSpeaker

Crypto Exchange Giant Binance Finally Launched US Trading

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Crypto Exchange Giant Binance Finally Launched US Trading
Today, on September 24, crypto exchange giant Binance has announced the launch of its arm in the U.S. market. Binance.US is finally opened.
Crypto Exchange Giant Binance Finally Launched US Trading

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Source: CoinSpeaker

Nasdaq Lists New Index for Decentralized Finance Projects Called Defix

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Nasdaq Lists New Index for Decentralized Finance Projects Called Defix
Nasdaq’s Defix index will offer real-time tracking of crypto assets of different blockchain projects like MakerDao, Augur, Gnosis, Numerai, 0x and Amoveo.
Nasdaq Lists New Index for Decentralized Finance Projects Called Defix

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Coinbase Custody Supports Blockchain Capital’s BCAP Security Token

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Coinbase Custody Supports Blockchain Capital’s BCAP Security Token
Coinbase Custody announced that they will be supporting Blockchain Capital (BCAP) deposits and withdrawals. Blockchain Capital’s native token BCAP is one of the very first security tokens for which they conducted an STO in April 2017.
Coinbase Custody Supports Blockchain Capital’s BCAP Security Token

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Stellar Suffered an Inflation Bug in 2017 Creating 2B XLM, Messari Reports

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Stellar Suffered an Inflation Bug in 2017 Creating 2B XLM, Messari Reports
An attacker exploited a concurrency bug and created 2.25 billion XLM. Despite there were no media reports on the matter, Stellar stated that they had mentioned the bug twice in their release notes where they made it clear that the bug was exploited.
Stellar Suffered an Inflation Bug in 2017 Creating 2B XLM, Messari Reports

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Yet Another Cryptocurrency Wins Listing on Coinbase Pro

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Yet Another Cryptocurrency Wins Listing on Coinbase Pro
Coinbase adds Stellar Lumens to its professional trading service Coinbase Pro. Initially, XLM trading will be only available for customers in Coinbase’s supported jurisdictions, expect the state of New York.
Yet Another Cryptocurrency Wins Listing on Coinbase Pro

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Source: CoinSpeaker

Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

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Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

Coinhako announced listing XRP on its platform and mentioned the XRP pairings with SGD, IDR, and VND. 

Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

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Analyst Suggests Usage of Crypto Tokens on DApps is Minimal, Raising Concerns

According to research conducted by Digital Asset Research, the very raison d’être of many crypto coins and tokens may be in question. In a report circulated with paid members of the group, the usage of the ZRX token on the 0x decentralized exchange platform was examined.
Quite remarkably, despite the primary purpose of the ZRX token being to pay for the exchange of various ERC-20 tokens, the investigation highlighted that only a tiny percentage of the total transaction fees paid during the platform’s existence were made using the designated token. This forces the question: Do decentralised applications even need their own token?
Is ZRX’s Lack of Use Reflective of All Crypto “Payment Tokens”?
During the ICO boom of 2017, many startups launched their own platforms and generated immense stacks of various digital assets (mostly Ethereum) from investors hoping to get in early on the next big thing. These projects, although disparate in announced intentions, all had one thing in common – a token.
Many of companies behind these projects stated that the tokens sold to the earliest backers would one day be used to power the applications themselves. Thus, it figured that if a project was popular enough, the value of all the tokens in circulation would soar since demand outpaced supply.
Many commentators (particularly those of a Bitcoin maximalist persuasion) have long held this to be unnecessary and saw through these token launches as a way for a brand new startup to generate millions of dollars without pandering to regulation. Without much data, their protestations against the ICO craze and the idea that literally everything would one day be tokenised were difficult to support using hard evidence.
However, the necessary data looks to be finally emerging and the first interesting observation drawn from it does not paint a good picture of the blockchain “payment token” space.
In a report for paid members, Digital Asset Research has disclosed that of a massive $447 million in exchanged value on the 0x platform, just $2,000 of ZRX has been used to pay for transaction fees.
A digital asset researcher for The Spartan Group, BlockCrunch, and Deloitte, Jason Choi, Tweeted:

Crazy to see it put into numbers. Less than $2,000 has been paid in tx fees via $ZRX since inception. pic.twitter.com/FDFWwN3VCy
— Jason Choi (@mrjasonchoi) January 4, 2019

In response to this, one of Choi’s followers asked how much ETH had been spent on transactions fees in the place of ZRX tokens to which he replied: “too much…”
With the 0x platform being one of the few projects in the crypto space with a sizeable user base, the number revealed by Digital Assets Research should concern all those who have bought into coins and token expecting them to be used uniquely on a given platform to pay for the service they are accessing.
According to a Tweet from another crypto researcher known as Hasu, the Digital Asset Research data about the 0x blockchain is highly damning for much of the ERC-20 token economy, as well as those tokens existing on similar blockchain platforms:

This gotta be the nail in the coffin for payment tokens. 0x is one of the few protocols with users to begin with, and now we have the data to back up what we long assumed: the market circumvents the token any way it can. https://t.co/iHlXi2Kbwx
— Hasu (@hasufl) January 4, 2019

As part of a response to one of the replies to the above Tweet, Hasu stated:
“I don’t see how forcing a token in there can ever benefit the consumer side.”
All that said, some users were keen to remind the two mentioned crypto researchers that the purpose of the ZRX token is not only to pay for exchange fees. It also serves to power the platform’s governance model. However, since this is still under development, just how valuable this function can make the tokens remains to be seen.
Also, whilst ZRX tokens do apparently serve a dual purpose, the same cannot be said for many of the less popular projects out there that also state that their designated tokens sold at ICO would be used exclusively with the platform in question.
Related Reading: About Half of 2017’s ICOs Have Failed Already
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Coinbase Announces Rollout in Six New European Markets

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Coinbase Announces Rollout in Six New European Markets

Coinbase said Thursday it had expanded its product to several European countries and overseas territories, including Lithuania, Iceland, Andorra, Gibraltar, Guernsey and the Isle of Man.

Coinbase Announces Rollout in Six New European Markets

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Earn ZRX Through “Coinbase Earn” Just By Learning About Crypto

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Earn ZRX Through “Coinbase Earn” Just By Learning About Crypto

On day 10 of Coinbase’s “12 Days of Coinbase” initiative, the crypto exchange announced the launch (in invite-only mode) of Coinbase Earn , a new way to earn crypto while you learn crypto.

Earn ZRX Through “Coinbase Earn” Just By Learning About Crypto

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8 Days of Christmas: Coinbase Adds Crypto-to-Crypto Trading

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8 Days of Christmas: Coinbase Adds Crypto-to-Crypto Trading

San Francisco-based cryptocurrency exchange and wallet service Coinbase has launched its new “Convert” service as a part of their “12 Days of Coinbase” mission, imagined to help people and their clients all over the world.

8 Days of Christmas: Coinbase Adds Crypto-to-Crypto Trading

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Innovation Continues Despite Crypto Crush, 0x Launches Web and dApp Payment Platform

As cryptocurrency prices continue to tumble, some blockchain projects may disappear into the digital dust while others forge on with product development that will lead to ease of use and greater adoption.
0x Instant – Crypto Transfers Simplified
Standardization of payment platforms and cross compatibility between them is one issue that needs to be addressed before cryptocurrencies get anywhere near mainstream adoption. The 0x protocol aims to do exactly that and has taken a step towards that objective with the announcement of the 0x Instant payments service.
Using the service with ‘a few lines of code’ can enable crypto purchasing to be added seamlessly to any app or website according to the announcement medium post. The open source code also allows hosts to earn a little commission on every transaction if they configure it to do so.
“Under the hood, Instant aggregates liquidity from 0x relayers for any ERC-20 or ERC-721 asset. It automatically finds the best prices within the 0x networked liquidity pool and lets users pay for tokens with ETH via MetaMask, Ledger, Trezor, or any other Ethereum wallet,” the post added.
An off-the-shelf UI and Instant Configurator can be embedded into games or dApps to enable instant crypto payments. The blog adds that ‘developers and creators can utilize Instant to build product experiences that couldn’t have existed before.’ Non-fungible token marketplaces, non-custodial crypto wallets, dApps, and crypto price feeds are already utilizing the service according to the release.
Coinbase Wallet has already integrated 0x Instant into its mobile wallet app for seamless transfer of Ethereum based tokens. Others crypto operations such as CoinGecko, Augur and Emoon are also already utilizing the system.
By eliminating third party exchanges as intermediaries, the platform allows dApp to dApp or wallet to wallet transfers and conversions minus the exchange commissions. Instant has also been designed to allow crypto-based price feed websites to monetize traffic by adding their own fees on transactions within the site.
ZRX Market Reaction
0x is essentially a protocol layer that supports the decentralized exchange and transfer of all Ethereum based tokens. Its focus is towards developers that need exchange functionality for a wide range of tokens.
Unfortunately for its own native token, the market reacted in the wrong direction as ZRX has been pulled into the digital quagmire with the rest of the altcoins. At the time of writing 0x was down 3% on the day to $0.318. Since its all-time high of over around $2.50 ZRX has plunged 87% to current levels.
Innovation and development is the key to the continuation and longevity of crypto projects, and this must now become the primary focus above the dismal prices for those that are to survive.
 
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0x [ZRX]’s price ascends by 7.2% while other cryptocurrencies struggle to stay afloat in the massacre

0x is ranked 26 largest cryptocurrencies by volume and has been gaining a lot of traction due to the active and responsive team behind the project.
At the time of writing 0x was soaring by 7.2% with a total market cap of $324.1 million, while cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], XRP are struggling to climb out of the enchanted bear-urn. The cryptocurrency is currentlytrading at $0.5932 with trading volume at $15.29 million.
Source: CoinMarketCap
0x is steadily gaining momentum as it keeps hitting higher highs. The price peaked at two points [$0.5975 and $0.5980] on November 16.
0x is an open protocol that provides a peer-to-peer exchange of digital assets on the Ethereum blockchain. In a recent blog post published by 0x team updates the development happening in the project. The Counterfactual project received an update, as the 0x teams [L4] have collaborated with teams from Prototypal, Celer, and Magmo.
Counterfactual is an open-source project that moves blockchain applications off-chain using “State Channels”. They aim to increase performance and scalability by moving it off-chain. The team wants to set a standard in the community for the foreseeable future for all Dapp developers to use the existing framework provided by Counterfactual to quickly build scalable apps on Ethereum.
The post 0x [ZRX]’s price ascends by 7.2% while other cryptocurrencies struggle to stay afloat in the massacre appeared first on AMBCrypto.
Source: AMB Crypto

11 of the Biggest ICO ROIs of 2018 [Infografic]

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11 of the Biggest ICO ROIs of 2018 [Infografic]

ICOWatchList desighned a new infographic that illustrates 11 of the most lucrative ICO ROIs of 2018 that up to date provided hefty returns on investment.

11 of the Biggest ICO ROIs of 2018 [Infografic]

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Source: CoinSpeaker