Crypto-Market Top Weekly Performers: Bitcoin, Litecoin, Ethereum, NEO and Cardano’s ADA

The struggle between the bulls and the bears is apparently behind us as Bitcoin has quickly climbed above $9100 after a pullback. The tussle that the market now faces is between altcoins and Bitcoins. While Facebook’s cryptocurrency launch restores the regulatory faith around cryptocurrencies, the spotlight that Bitcoin has been gaining from institutional investors stands out in the crowd.
Bitcoin [BTC] has risen past $9000 again as the break towards $10000 seems highly probable. At the beginning of last week, its price was looking to break bearish below $7000. However, the asset has continued to rise as institutional interest in Bitcoin has been on the rise.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $7901
Closing Price: $9083
The weekly Loss: 14.9%
Weekly High/Low: $9388/$7516
Ethereum [ETH]
Ethereum Foundation researcher Justin Drake recently announced a tentative date for the release of the much anticipated Ethereum 2.0 Blockchain platform. According to him, the launch can be expected on January 3, 2020.
ETH/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $235
Closing Price: $269
The weekly Loss: 14.4%
Weekly High/Low: $278/$227
Litecoin [LTC]
Litecoin gained impressively at the beginning of the week as the speculation before the halving on August 7, 2019, reached its zenith. The price looked to break above $150; however, the profitability of mining suggested that halving is not likely to need the increase in price.
Moreover, the increasing FOMO in Bitcoin has the potential to shadow the gains in the altcoins.
LTC/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $117
Closing Price: $135
The weekly gains 15.3%:
Weekly High/Low: $144/$112
Cardano’s ADA
Cardano’s traders looked somewhat uncertain this week. Nevertheless, it sought to break above the resistance above $0.1 again.
ADA/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $0.078
Closing Price: $0.091
The weekly gains 16.6%:
Weekly High/Low: $0.099/$0.077
NEO
NEO looked highly bullish as it broke above the resistance at $13.5. It is one of the more popular platforms for smart contracts and dapps in China than Ethereum.
Also Read: NEO Price Analysis: NEO/USD Bulls Outperform Themselves Setting Grounds for Rally
NEO/USD 1-Day Chart on Coinbase (TradingView)
Opening Price: $11.6
Closing Price: $14.1
The weekly gains 21.5%:
Weekly High/Low: $14.8/$11.2
The increases in Bitcoin [BTC] initially put pressure on altcoins as they lost value in terms of Bitcoin [BTC]. XRP is trading 8% lower concerning Bitcoin since the beginning of the week. The pressure on XRP can also be attributed to Facebook’s cryptocurrency announcement.
Nevertheless, the increasing market capitalization is having a positive effect on the price of altcoins as well. The total market capitalization of cryptocurrency markets is $282 billion. The percentage dominance of Bitcoin increased from 55.3% to 57.2% in the last week.
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose, we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 16th June 2019. 
The post Crypto-Market Top Weekly Performers: Bitcoin, Litecoin, Ethereum, NEO and Cardano’s ADA appeared first on Coingape.
Source: CoinGape

Crypto Markets Hit Ten Month Peak as Altcoins Crank Higher

Crypto markets at new yearly high; BSV manipulated, ETH, BCH, IOTA, Cosmos, NEO and NEM flying.
Market Wrap
More momentum today has driven crypto markets to a new 2019 high. The majors are still holding gains and some are cranking double digits at the moment leading to calls of ‘altseason’ once again. Total market capitalization has reached a ten month high at $280 billion.
Bitcoin is bouncing back yet again with no sign of this big correction in sight. From yesterday’s low of around $8,500, BTC has wound back up to $8,730 where it currently trades a couple of percent higher. Dominance, however, is dropping back towards 55 percent indicating larger gains for the altcoins.
Ethereum has made a bigger move today reaching its 2019 and ten month high of $285. Surging 7 percent on the day, ETH may well hit $300 before showing any signs of a correction. Its market cap has now reached $30 billion which is 50 percent more than its closest rival, XRP, which is only managing to hold support.
There is a lot of green in the top ten during Asian trading today. Another manipulated scam has sent Bitcoin SV barreling up the charts and doubling in price as Chinese and Korean traders load up on fake news fomo. BSV has managed to top $4 billion in market cap flipping USDT, XLM, ADA and TRX in one almighty pump. Bitcoin’s other offshoot, BCH, has also done well today with a 10 percent gain to reach $470. BNB is back at ATH with a 7 percent climb as EOS, LTC and XLM add 5 percent.
The top twenty looks a little different today with big gains for most. IOTA is still flying as it reaches $0.54 following yesterday’s announcement and Cosmos is also adding 13 percent. NEO and NEM have both pumped 14 percent and the rest are making solid gains.
FOMO: Fake News Scam Sends BSV to The Moon
With a gain of over 100 percent, FOMO is not strong enough to describe the Asian reaction to the fake announcement that floated around Chinese social media a few hours ago. A spoofed post from a Chinese crypto outlet said that Craig Wright had sent 50k of BTC from the original Satoshi account to one on Binance to prove is identity. The BS in BSV should stand for bullshit as this is exactly what they were reading.
Other variants of Bitcoin are also pumping today with Bitcoin Diamond surging 50 percent and Gold up 26 percent. It comes as no surprise that Aurora is dumping again as the chart for this coin looks like a sine wave.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization is at a new 2019 high of $280 billion as $13 billion flows back into digital assets over night. The last time markets were this high was at the end of July 2018 when things started falling fast. Almost a year later the momentum is going the other way as altcoins start cranking up once again.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Markets Hit Ten Month Peak as Altcoins Crank Higher appeared first on NewsBTC.
Source: New feedNewsBTC.com

NEO Announces $100 Million Ecosystem Boost Fund at Consensus

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NEO Announces $100 Million Ecosystem Boost Fund at Consensus
At Consensus 2019 in New York, NEO unveiled its new US$100 million EcoBoost fund designed to drive ecosystem growth and development.
NEO Announces $100 Million Ecosystem Boost Fund at Consensus

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Source: CoinSpeaker

NEO Will Bring 100 Million US Dollars to Chain Plus·2019 Blockchain Digital Game Innovation Summit

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NEO Will Bring 100 Million US Dollars to Chain Plus·2019 Blockchain Digital Game Innovation Summit
NEO’s $100m fund is coming to Beijing’s Blockchain Game Innovation Summit.
NEO Will Bring 100 Million US Dollars to Chain Plus·2019 Blockchain Digital Game Innovation Summit

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Source: CoinSpeaker

Ethereum Beats EOS & Tron to Emerge as Top Smart Contract Platform in April

The first smart contract platform Ethereum has proven its worth in the industry by emerging as the top smart contract platform by far in the month of April. The project attracted a total of 263,000 visitors within the month whose total transaction volume amounted to over $500 million.
Ethereum leads in both aspects
Transaction volumes of smart contract platforms
Ethereum recorded the highest transaction volume and number of visitors as well, followed by EOS which had a transaction volume of $115 million and a number of visitors at 68,000. Apart from these two, there is no more consistency in the two metrics. For instance, ADA had the next highest transaction volume of $113 million but with a much lower number of visitors at only 8,000 than it runner up, TRX. TRX, on the other hand, had a lower transaction volume of $27 million but a significantly higher number of visitors (68,000) than EOS.
The inconsistency also follows for NEO with a relatively high transaction volume of $26 million with only 4,000 visitors, XEM with $12 million transaction volume and only 9,000 visitors while ETC had only $10 million with 14,000 visitors.
The implication of differences in transaction volumes
The statistics show that Ethereum was by far the preferred smart contract platform within the month, beating its first runner up (EOS) by nearly $400 million in transaction volume. For ADA, a small number of visitors (8,000) carried out significantly high-value transactions which placed in it the third place while TRX needed a relatively large number of visitors for the relatively small volume that placed it in the third place. This means the transaction volume of smart contract platforms is not determined by the number of visitors but rather by how much their transactions are worth.
Although Tron’s Justin Sun often bragged about his platform surpassing Ethereum, the latest data suggests otherwise as Ethereum is clearly the preferred platform both by the number of visitors and their transaction volumes. Ethereum may be regaining its popularity and position as the lead smart contract platform and who knows? It may be why Sun wants to collaborate with it.
The post Ethereum Beats EOS & Tron to Emerge as Top Smart Contract Platform in April appeared first on Coingape.
Source: CoinGape

Neo Preparing to Launch Its New Next-Gen NEO 3.0 Blockchain Network

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Neo Preparing to Launch Its New Next-Gen NEO 3.0 Blockchain Network
As Neo stated, the new chain NEO 3.0 will increase Neo’s speed and stability and enable large-scale commercial use.
Neo Preparing to Launch Its New Next-Gen NEO 3.0 Blockchain Network

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Source: CoinSpeaker

Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated
Binance published their new Research Report in which they took on a different approach in understanding crypto assets. The research showed Bitcoin and Ethereum move in lockstep and the XRP price is the least correlated to other top cryptoassets.
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Source: CoinSpeaker

Binance to Begin New Trading Pairs for Cardano [ADA] and NEO

Despite the shattering crypto market, Binance spotted as the only exchange ruling crypto market with fortunate trading volume. The exchange has recently announced new trading pairs to Cardano (ADA) and NEO (NEO) which consequently hit trading on March 27.
Per the announcement, Binance exchange will list Cardano ADA with pairs of ADA/PAX, ADA/USDC, and NEO as NEO/PAX and NEO/USDC. The blog further reads that the trading of ADA and NEO with these pairs will begin on March 27 at 4:00 AM (UTC).

#Binance Adds $ADA / $PAX, $ADA / $USDC, $NEO / $PAX and $NEO / $USDC Trading Pairshttps://t.co/7D0bYUyA2L pic.twitter.com/t2Z6TPromf
— Binance (@binance) March 26, 2019

New Trading Pairs to Cardano (ADA) and NEO (NEO)
Like Binance, Cardano or ADA is the sole coin that blinks green among top 20 cryptocurrencies. Following the announcement of new trading pairs, ADA is up with 0.18% within a couple of hours and managed to trade at the value $0.06 against US Dollar.
Nevertheless, the quick look at the ADA’s trading volume reveals that the Binance exchange contributes significant trading. As such, ADA with USDT and BTC performs higher than other exchanges including Huobi global, ZBG, UPbit, HitBTC, Bithumb and unlike.

With Cardano, NEO, the 17th largest cryptocurrency will also trade with new pairs on Binance exchange. Anyone with PAX and USDS holdings can hit Binance to buy/sell/trade NEO cryptocurrency. At the moment, the NEO token is trading at $8.93, declining with 2.64 percent over the past 24 hours.

What do you think about Binance adding new trading pairs to ADA and NEO? Do you think it influences the value of these cryptocurrencies? Share your thoughts with us 
The post Binance to Begin New Trading Pairs for Cardano [ADA] and NEO appeared first on Coingape.
Source: CoinGape

Criminal Side Of Cryptos Brought to the Surface in the New Hollywood’s Thriller

CoinSpeaker
Criminal Side Of Cryptos Brought to the Surface in the New Hollywood’s Thriller
Directed by John Stalberg Jr., the new movie ‘Crypto’ is scheduled to be released in selected theaters on April 12. 
Criminal Side Of Cryptos Brought to the Surface in the New Hollywood’s Thriller

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Source: CoinSpeaker

NEO block production gets delayed by approximately 127 minutes

Zzzoen, a Redditor, recently pointed out that NEO’s block #3467252 took over 152 minutes to be produced, leading to the cryptocurrency community speculating the reason and some even calling the project a scam. However, the Neo community soon dismissed the allegations by providing a suitable explanation.
NEO is currently the seventeenth largest cryptocurrency by market cap and a leading smart contract platform. The project stood out in the space because of the implementation of the Byzantine Fault-tolerant consensus mechanism, which was later upgraded to Delegated Byzantine Fault-tolerant [dBFT] consensus mechanism. Additionally, NEO was one of the first projects to adopt a dual-token economy, NEO and GAS.
The Redditor stated that this post was deleted from the Neo sub-reddit, raising concerns over centralization from other communities. The Redditor said:
NEO block production delayed by over an hour | Source: Reddit
However, another Redditor, Dreit, soon cleared the air regarding the delay of the block production.  The Redditor stated that the reason why the block production was pushed to over an hour was because of NEO’s consensus mechanism, adding that NEO follows an exponential block protocol.
NEO consensus basics | Source: Reddit
Edgegasm said:

“NEO’s consensus mechanism requires nodes to come to an agreement before a block can be added. If for some reason they cannot come to an agreement, it will delay the next block until they can. It’s a trade off you make to avoid forks and provide transaction finality.”

Source: Reddit
Xenzor, a Redditor said:
“My guess is neo 2.10 is getting pushed to consensus nodes. We knew this was coming for about 3 weeks but no exact time frames […] Still rather a minor block issue for an hour or so than some other chains had recently with major exploits and stolen funds lol. Anyway. This stability issue is resolved in the next version 2.10.0. So essentially a non issue after the rollup.”
The post NEO block production gets delayed by approximately 127 minutes appeared first on AMBCrypto.
Source: AMB Crypto

eToro Launches Crypto Trading Platform Across 30 States in the U.S

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eToro Launches Crypto Trading Platform Across 30 States in the U.S

With the U.S. being one of the most active markets for crypto trading, eToro plans its expansion to seize new underlying opportunities.

eToro Launches Crypto Trading Platform Across 30 States in the U.S

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Source: CoinSpeaker

NEO Game Conference is Approaching: Building the Most Popular One-stop Solution for Blockchain Game Development

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NEO Game Conference is Approaching: Building the Most Popular One-stop Solution for Blockchain Game Development

NEO will be venturing to the heart of Japan’s otaku culture, Akihabara, for the NEO Game Conference on March 9th and 10th.

NEO Game Conference is Approaching: Building the Most Popular One-stop Solution for Blockchain Game Development

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Source: CoinSpeaker

The First Batch of Speakers Revealed: Atari, NEO, Reality Clash and Block.one Confirmed to Speak at Crypto Games Conference

CoinSpeaker

The First Batch of Speakers Revealed: Atari, NEO, Reality Clash and Block.one Confirmed to Speak at Crypto Games Conference

The Crypto Games Conference is the world’s largest and definitive business event for crypto gaming industry.

The First Batch of Speakers Revealed: Atari, NEO, Reality Clash and Block.one Confirmed to Speak at Crypto Games Conference

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Source: CoinSpeaker

NEO 3.0 promises a smarter economy backed by ecosystem overhaul and technological revolution

Da Hongfei, the co-founder of NEO, spoke about the evolution of Blockchain Technology during the recent NEO Devcon conference, which was held in Seattle. He also spoke about the new upcoming version, NEO 3.0 and the platform’s mission. 
NEO Devcon Conference 2019 was one of the most-awaited conferences of the year. The conference was filled with the industry’s notable speakers and representatives. The main focus of the conference was the development of the NEO ecosystem and the contribution made by projects associated with NEO to the ecosystem. Moreover, the conference was also a knowledge hub as it covered topics regarding Blockchain technology, developer communities, crypto-economics and decentralization as a whole.
The keynote speakers of the conference for the first-day included,

Da Hongfei – Founder of NEO, who spoke about ‘The Promise of Smart Economy’,
 Erik Zhang – Founder of NEO, who presented the possible improvements in NEO 3.0
Miha Kralj – Managing Director at Accenture, who presented on the topic ‘Big Trend in Blockchain’
Pablo Junco – Director of Worldwide Apps Solutions Strategy at Microsoft, who’s speech was about ‘Blockchain Use Cases and Enterprise Needs on the Microsoft Platform’
Dr. Chris Berg – Senior Research fellow at RMIT, presented on ‘Crypto-economics and the Future of the Global Economy’

Da Hongfei’s keynote began with him speaking about his experience with Bitcoin [BTC], the very first cryptocurrency of the decentralized space. Hongfei spoke about how he was introduced to Bitcoin in 2011 and how he bought the virtual currency the following year for $10. He also spoke about launching a cryptocurrency exchange which however, never materialized.
Nonetheless, Da Hongfei and Erik Zhang launched NEO, a leading cryptocurrency project and the seventeenth largest cryptocurrency, after two years. Hongfei went on to speak about NEO at the event.
NEO is a notable project because of its Byzantine Fault-tolerant consensus mechanism, making it the first public blockchain project around the world to implement it. More so, this mechanism also saw an upgrade with the introduction of delegation, making NEOs consensus mechanism a Delegated Byzantine Fault-tolerant [dBFT] consensus mechanism.
Even NEO token economy has set the project apart from all the other cryptocurrency projects in the space. This is because NEO was the first project to introduce and implement dual token economy, NEO and GAS. The governance structure of NEO is also one of a kind as the Foundation reserved 50% of NEO tokens for the future development of the project and the Foundation.
To add on, NEO’s smart contract system is quite different when compared to other smart contract platforms such as Ethereum. For example, developers do not have to learn new languages to write smart contract. Instead, they can use Java, Python, C#, JS and several other common computing languages, added Hongfei.
Furthermore, Da Hongfei spoke about his perspective on blockchain technology. Here, he remarked that the blockchain, in its “minimal form,” is a ledger technology, adding that it is much more than that. Blockchain technology is a platform that allows developers to build decentralized applications on top of it, he added. More so, the technology is also a network protocol and is a platform where people can transfer value via the Internet.
The Founder went on to say that the revolutionary technology has more aspects than the ones mentioned above. According to him, Blockchain Technology is a “new institutional technology,” which enables people in the space to form new forms of institution. Here, he refers to an institution as some sort of social system, which has many rule sets structuring peoples’ interaction with each other.
This was followed by the Founder remarking that blockchain is an “evolution of ledger technology”. He stated that everything will soon have a digital representation including assets, securities, IoT devices and even personal ID, adding that these have to be based on a decentralized system to prevent hacks and the potential creation of honey pots. Since they would be decentralized applications, the trust, in turn, would not be based on centralized system, but the technology in itself, thereby creating a transparent and inclusive ecosystem.
Da Hongfei said,
“And because everything is digital, I believes we will see a bigger, global market and the government will probably get smaller. We will invent many new forms of institutions that we haven’t ever imagined of. So that’s my vision about smart economy.”
This was followed by Da Hongfei stating that NEO 3.0 is ‘an open network for smart economy,’ briefly speaking about its technical and governance aspects. He went on to say that public blockchains are going to be the infrastructure for the future smart economy, along with cloud computing, Internet of Things, Artificial Intelligence and Big Data.
According to him, blockchain technology along with other leading technologies is going to pave the path that would help facilitate and build the future smart economy, adding that NEO’s vision for the upcoming year is to “better serve the smart economy.”
The NEO team will be taking its first step towards this with the project’s new version – NEO 3.0, which would be released in the coming years. Here, the co-founder stated that the team wants to “change the architecture of NEO” and “make it better, even perfect”.
“So, we want to do abstraction of assets. Today, there are two kinds of assets, smart contract assets and global assets on NEO. We will abstract them into one kind of asset. So, in the future, there will be no global asset, everything will be under smart contracts, mostly net five assets.“
The developer team will also unify the transactions. Here, every transaction will be a user defined smart contract and there will not be a deployed smart contract transaction. Additionally, the team will also unify different smart contracts; there will be a native smart contract which will be deployed on the client immediately after its installed.
NEO 3.0 will also have a “proper layering,”  in which developer applications would be based on Layer 2 blockchain. Further, NEO’s consensus mechanism will be optimized and the on-chain governance incentivized, incentivising token holders to vote for consensus node.
Other key upgrades of NEO 3.0 include internet resource access, direct access to internet and better security, a system similar to iOS and Android. NEO 3.0 will also introduce a new infrastructure model and NEO FS, a distributed off-chain storage solution, along with a new identity solution.
The topic of discussion was NEO Foundation, the Foundation dedicated towards the development of NEO and its ecosystem. The Foundation was recently registered with the Malaysian authorities and the purpose, as stated by Da Hongfei, is to make the decision making, and financial reporting more formal and make the governance more transparent.
Currently, the Foundation has around $2 million in cash [Fiat], Bitcoin and Ethereum equivalent to $7 million, 40% of NEO dedicated for the development of the ecosystem. This financial report also shows that the ecosystem is quite healthy compared to other projects and the looming bear market.
Fundamentally, NEO has two entities under it, Neo Global Development [NGD] and Neo Global Capital [NGC]. NGD focuses on executing strategies that are set by the NEO Foundation and NGC focuses on the funding of the project. The other important group of the NEO ecosystem is the developer group; the core developers and the developer communities.
This was followed by Da Hongfei stating that NEO’s next focus would be to be more transparent, and further decentralize the consensus node. Currently, NEO has seven consensus node on the Mainnet, out of which two are run by third party entities.
Further, NEO would also be optimizing its development process, with the team focusing on the specification process first and then on the coding. There will also be a proper quality assurance, which would ensure that the quality of the code is improved drastically.
“We will strive to improve the infrastructure of NEO including NEO FS, the distributed file system, NEO ID, SDK, Layer 2 solutions, stable coin schemes, decentralized exchange including NASH and also STO solution.”
Towards the end of the keynote, the co-founder emphasized on NEO’s mission. The current mission is “To make NEO the number one blockchain by 2020, to make it the most favourable platform to build applications on top of it by providing best performance, diversified ecosystem and also compliant solutions,” said Da Hongfei.
In order to achieve to the same, the team has launched a NGD base in Seattle, home to the biggest software company in the world, Microsoft. Moreover, the base will be led by developers who previously worked for Microsoft, all aiming to drive NEO not only in the blockchain and cryptocurrency space, but also in the technological industry as a whole.
The post NEO 3.0 promises a smarter economy backed by ecosystem overhaul and technological revolution appeared first on AMBCrypto.
Source: AMB Crypto