Category Archives: Altcoin
Beginning of altcoin’s end: US signals digital coins may be subject to federal securities law – CalvinAyre.com
Sale of digital coins in the United States are subject to the countrys securities laws, the U.S. Securities and Exchange Commission declared on Tuesday, possibly marking the beginning of the end for the altcoin era.
The commission has been investigating the tokens offered and sold by The DAO, the ethereum project that lost close to $60 million worth of ether in an attack that took advantage of a code issue.
The so-called DAO tokens, according to the SEC, are considered securities, and therefore, fall under the federal securities laws. Issuers of blockchain-based securities are required to register their offers and sales unless a valid exemption applies, and those who participate in unregistered offerings may be liable for violations of the securities laws.
Although it was described as a crowdfunding contract, the SEC said the DAO would not have met the requirements of the Regulation Crowdfunding exemption because it was not a broker-dealer nor a funding portal registered with the commission and the Financial Industry Regulatory Authority.
The agency has no plans of pursuing any charges, but noted that its findings were meant to caution the industry and market participants about engaging in virtual transactions.
The innovative technology behind these virtual transactions does not exempt securities offerings and trading platforms from the regulatory framework designed to protect investors and the integrity of the markets, SEC Enforcement Division Co-Director Stephanie Avakian said in a statement.
The last man standing
Introduced in 2014, ethereum has been receiving a lot of attention as an experimental virtual currency that uses cryptography to hold and suspend money instead of the traditional bank or credit card companies. Although it was originally developed to facilitate peer-to-peer contracts and applications thru its own currency vehicle, ethers popularity and market capitalization has brought ethereum in competition with other cryptocurrencies.
The SECs announcement, however, could bring an end to the altcoin era, leaving bitcoinwhich is all set to evolve to unlimited on on-chain scaling and low transaction feesas the last man standing.
This site has long urged the online gambling industry to embrace bitcoin, which holds particular appeal for the sector thats historically been the target of misguided government policies that aim to protect state-owned gambling monopolies and restrict the individuals freedom to decide how to spend their entertainment dollars. And with Bitcoin Unlimited, the online gambling industry now has a far better solution for increasing transaction speed while keeping a lid on costs.
Current bitcoin price
Bitcoin held at $2,502.45 during Wednesday afternoons trading.
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Beginning of altcoin's end: US signals digital coins may be subject to federal securities law - CalvinAyre.com
All Major Indian Exchanges Reject Bitcoin Cash Completely – Live Bitcoin News
In a surprising turn of events, Indian exchanges decided not to support Bitcoin Cash. That is rather strange considering most other platforms are open to the idea. In fact, nearly all Asian exchanges will support this altcoin in the future. Indian platforms have no plans to support Bitcoin Cash now or in the foreseeable future. A clear stance that shows this altcoin may struggle a lot more than people originally anticipated.
India is a big country when it comes to Bitcoin. Their main exchanges all generate a solid amount of trading volume. Unocoin, Zebpay, and Coinsecure are all located in that part of the world. Neither of them is planning to do something with Bitcoin Cash, either now or in the future. That is a rather strange development, although one that isnt entirely unexpected either. Contrary to what some people think, BCH is still an altcoin and exchanges are not required to support it by any means.
ZebPay actively asks users to remove coins from the platform if they want to access Bitcoin Cash. UnoCoin states how they are not equipped to support shorter and weaker chains. That is quite a solid explanation of what Bitcoin Cash is, that much is evident. Coinsecure took the same route as ZebPay and asks users to move coins to a different address. India has no love lost for this altcoin, that much is evident. This lack of support may also hinder BCHs chance of success, depending on how things evolve.
It is also worth noting all of these exchanges will halt Bitcoin deposits and withdrawals. This process will occur between July 30th and may last as long as August 4th. This shows these exchanges want to prevent things from going awry as far as customer funds are concerned. Most of these platforms will also disable Bitcoin trading during this volatile period. After all, replay attacks may still be possible on the network. Do keep in mind the most recent Bitcoin ABC client should prevent that from happening altogether.
Regardless of how things play out with Bitcoin Cash, there will be a fair amount of confusion over the next few days. Not all exchanges will support the altcoin, which is entirely normal. Moreover, the longevity of this project is still a big question waiting to be answered. Without support from the Indian exchanges, things will get a lot more interesting. So far, it seems the Bitcoin price isnt budging under the pressure, which is a positive sign.
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All Major Indian Exchanges Reject Bitcoin Cash Completely - Live Bitcoin News
Global Advisors Launches ICO and Altcoin Closed-End Private Fund – Finance Magnates
Global Advisors (Jersey) Limited, a Bitcoin asset manager, hasjust closed a fund to invest in alternative cryptocurrencies and initial coin offerings (including ERC20 coins).
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
The newly announced, closed-end private fund is offering its investors managed access to the emerging trend of initial coin offerings (ICOs) and altcoins (such as Ethereum and Litecoin) with the Global Advisors teamperforming the diligence.
We believe strongly in the emerging use case of cryptocurrencies as tools for capital formation, but as with all innovation, discretion and caution is key. This fund is structured to offer managed exposure to the emerging space, allowing the fund investors to participate cautiously and intelligently, as this new market unfolds, says Daniel Masters, Chairman at Global Advisors.
The team explain that the fund, while structured to invest broadly, will focus first on ICOs where tokens are integral to powering the protocol, and secondly as a vehicle to invest in other viable, alternative cryptocurrencies which are emerging, in addition to Bitcoin.
As with Global Advisors current fund GABI Plc (formerly Global Advisors Bitcoin Investment Strategy Plc), the newly closed fund is Jersey based.
We are consistently impressed with the level of sophistication and attention with which Jersey regulators approach the digital asset space. When we launched GABI, they took a collaborative and pragmatic approach which helped us develop a world-class investment vehicle, that is still running smoothly three years later. This time around, the team and approach was even more impressive, says Daniel Masters, Chairman of Global Advisors (Jersey) Limited.
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Global Advisors Launches ICO and Altcoin Closed-End Private Fund - Finance Magnates
USING ALTCOIN TRADER – rsainvestments.blogspot.co.za – Google
VISIT http://WWW.ALCOINTRADER.CO.ZA OR EVEN GOOGLE IT CLICK ON REGISTER. FILIN YOUR DETAILS AND REGISTER. IF YOU GET AN EMAIL FOR CONFIRMATION.LOGIN AND CONFIRM , IF YOU DONT GET IT JUST LOGIN WITH EMAIL AND PASSWORD YOU CHOSE. AFTER LOGGING IN YOU WILL SEE A SCREEN PAGE BELOW.
IF YOU DONT HAVE BITCOINS YOU CAN BUY THEM AT ALTCOINTRADER. SIMPLE WRITE THE VALUE OF BITCOINS YOU NEED ON BUY AS I DID BELOW. WRITE THE BITCOIN VALUE AS IT IS, THAN AUTOMATICALLY YOU WILL GET PRICE IN RANDS FOR THAT BITCOIN VALUE WHERE IT SAYS TOTAL, THE MONEY THERE IS IN ZAR/RANDS. IF YOU ALREAD HAVE BITCOINS, YOU WANA EXCHANGE/SELL THEM TO GET CASH IN YOUR BANK THAN YOU USE SELL NOT BUY. AGAIN YOU WRITE THE AMOUNT OR VALUE OF BITCOINS YOU HAVE. AUTOMATICALY YOU WILL SEE THE PRICE OR MONEY YOU WILL GET FRO THOSE BITCOINS YOU HAVE. NOTE: BITCOINS DONT START AT 1 BUT THEY START AT 0.0000... NUMBERS, SO YOU CAN GET BITCOINS FOR EVEN R500 TRY 0.05 E.T.C
IF YOU WANA BUY BITCOINS AND YOU HAVE CASH. YOU NEED TO DEPOSIT MONEY TO ALTCOIN TRADER THROUGH FNB, ABSA. THE AMOUNT OF MONEY YOU HAVE THAN YOU WILL GET BITCOINS EQUAL TO YOUR MONEY. MAKE SURE YOUR WRITE THE REFERENCE GIVEN TO YOU WHEN YOU CLICK ON DEPOSIT. CAUSE THAT YOUR OWN UNIQUE REFERENCE. IF YOU WRITE YOUR NAME OR ANYTHING ELSE. I FELL SORRY FOR YOU CAUSE I TOLD YOU. CHECK IMAGE BELOW
ONCE YOU DEPOSITED THE MONEY IT MUST REFLECT IN YOUR ALTCOINTRADER IN A DAY OR 2 PROVIDED YOU DIDNT MAKE MISTAKES ESPECIAL ON REFERENCE.
THAN ONCE YOUR MONEY IS THERE YOU SIMPLE DO WHAT I TOLD YOU ABOVE, YOU GO TO BUY, AND WRITE BITCOIN VALUE FOR THAT AMOUNT YOU HAVE. IF YOU DONT KNOW THERE VALUE , EASY, USE GOOGLE . EXAMPLE: YOU DEPOSIT R1500 NOW GO TO GOOGLE AND WRITE: BITCOIN VAUE FOR 1500 , BUT IT WILL NOLONGER BE 1500 IF YOU WANT 1500 ATLEAST DEPOSIT 1600, JUST ADD R100 MORE, YOU DOING THAT FOR DEPOSIT FEES. THAN YOU GET THE VALUE GO BACK TO ALTCOIN TRADER AND WRITE IT THERE ON BTC AMOUNT ON BUY. THAN YOU CLICK BUY. THE BALANCE YOU HAD IN ZAR WILL CHANGE IMMEDIATELT TO BALANCE IN BTC ( BITCOINS)
NOW YOU HAVE BITCOINS, BUT THEY ARE NOT IN YOUR WALLET. NOW YOU NEED TO SEND THEM TO YOUR WALLET. NOW YOU NEED TO CLICK ON WITHDRAW FUNDS/COINS. SCROLL DOWN TO WITHDRAW BTC
GO TO YOUR XAPO, COPY YOUR WALLET ADDRESS, COMEBACK TO ALTCOIN TRADER, PASTE YOUR WALLET ADDRESS THERE AS YOU SEE BELOW, WRITE BITCOIN VALUE YOU WANA WITHDRAW AND SEND TO YOUR WALLET THAN CLICK WITHDRAW. THATS IT, IF MINUTES YOUR BITCOINS WILL REFLECT IN XAPO, READY FOR YOU TO PH
NOW YOU WANA WITHDRAW, SO WE REVERSE THE PROCESS. LOGIN TO ALTCOIN TRADER AND CLICK ON DEPOSIT YES I DIDNT MAKE A MISTAKE CLICK ON DEPOSIT. WHAT YOU DOING NOW IS YOU WANA DEPOSIT BITCOINS TO ALTCOINTRADER AND SELL THEM TO GET CASH IN YOUR BANK ACCOUNT
SO CLICK ON DEPOSIT. SCROLL DOWN TO DEPOSIT BTC INTO YOUR ACCOUNT
THEY GOING TO GIVE YOU A WALLET ADDRESS THAT YOU USE ONLY TO TRANSFER BITCOINS TO ALTCOIN TRADER. COPY IT AS YOU SEE ON IMAGE BELOW. COPY IT AND PASTE IT ON XAPO THAN SEND YOUR BITCOIN TO ALTCOIN TRADER
ONCE YOUR BITCOINS REFLECT ON ALTCOIN TRADER BALANCE. NOW YOU GO ON SELL, WRITE THAT BITCOIN AMOUNT YOU HAVE AND CLICK ON SELL. IMMEDIATELY YOU BITCOINS ARE EXCHANGED TO CASH.
NOW YOU WANA GET THAT MONEY INTO YOUR BANK ACCOUNT CLICK ON WITHDRAW. ADD YOUR BANKING DETAILS. IF YOU ALREADY ADDE THEM THAN JUST WRITE AMOUNT OF CASH YOU NEED AND CLICK WITHDRAW AS SEEN BELOW
FUNDS WILL BE IN YOUR ACCOUNT WITHIN A DAY OR 2
IF YOU STILL DONT UNDERSTAND HERE IS A VIDEO WATCH IT IT WILL EXPLAIN MORE ABOUT USING ALTCOINTRADER
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USING ALTCOIN TRADER - rsainvestments.blogspot.co.za - Google
Payza Commits to Cryptocurrency: Unveils Full Bitcoin Services, Introduces Altcoin Exchanges – CoinDesk
The global online payment processor launches comprehensive Bitcoin services and altcoin funding options for more than 50 Bitcoin alternatives
Payza, the award-winning global online payment platform, announced a new range of unique cryptocurrency features to the online payment processing and international remittance space. Payza e-wallets are now fully functional as a Bitcoin wallet, providing members the option to buy, sell, exchange, send, receive, and hold Bitcoin all within a Payza account. Additionally, the Payza platform allows for over 50 altcoins to be exchanged to fiat currency, letting members easily sell Ethereum, Ripple, Litecoin and dozens of other cryptocurrencies.
"We were among the first online payment platforms and e-wallet providers to embrace Bitcoin back in 2014," said Firoz Patel, Payza global executive vice president. "Even then we recognized the important role Bitcoin was set to play in e-commerce and international remittances. The ultimate goal was to provide our members a secure option to store their bitcoins in their Payza accounts. So we mapped out a set of incremental steps to accomplish that goal. Today, we have fulfilled our promise to our members and are now able to treat Bitcoin like any other currency we deal with."
Merchants who use Payza to process online payments now also have the option to receive Bitcoin as payment for their products and hold Bitcoin in their accounts, or to receive Bitcoin payments that are automatically converted to fiat currencies, such as US Dollars, Euros and Pounds.
Were very excited about these new features because it positions Payza as one of the best options for Bitcoin neophytes who are ready to experiment with cryptocurrencies, explains Firoz Patel, Payzas CEO. We wanted to provide a worry-free way for our members to exchange and hold Bitcoin, so we developed this service specifically for people who are interested in Bitcoin but are intimidated by the security risks and technical knowledge seemingly required to use them.
Along with these complete Bitcoin services, Payza is also turning their attention to other cryptocurrencies. The company now accepts more than 50 altcoins for exchange. Alongside Ethereum, Ripple, and Litecoin, Payza members can sell dozens of other popular Bitcoin alternatives, such as Dash, Monero, and Steem, with proceeds settling as US Dollars within their accounts.
Adding altcoin deposit options sets us on track to launch full cryptocurrency exchange services. Current and future crypto-enthusiasts will be able to exchange dozens of cryptocurrencies, not just Bitcoin, within their Payza accounts. We will also be enhancing our Payza Card service to enable Payza members a one-step process to use Bitcoin and other cryptocurrencies to instantly load their prepaid cards, said Patel.
The next offering expected from Payza is a streamlined Payza Card loading process for Bitcoin and altcoin. Under the current set up, members can already load their Payza Cards with funds received by selling Bitcoin or altcoins, but they must wait for those funds to settle and then manually load the cards. The new process will eliminate this step and direct those funds directly onto the Payza Card.
The Payza Card is a MasterCard branded prepaid card that can be loaded with US Dollars. Payza Cards are accepted online, in-stores, and at most ATMs. The one-step loading option will make the Payza Card one of the fastest and most convenient ways to convert Bitcoin and other cryptocurrencies into spendable cash.
About Payza Payza is an award-winning payments technology company. The highly secure platform provides businesses and consumers around the world with practical solutions for processing online payments. Payza supports 26 currencies and serves over 13 million members in more than 190 countries.
Payza serves traditional and emerging markets, providing a wide range of built-in tools including: Online payment processing, online global money transfers, fraud screening, subscription billing, transaction dispute resolution, cryptocurrency exchange services, and global payouts.
The publication of a press release on this page should not be viewed as an endorsement by CoinDesk. Customers should do their own research before investing funds in any company.
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Payza Commits to Cryptocurrency: Unveils Full Bitcoin Services, Introduces Altcoin Exchanges - CoinDesk
What is an Altcoin? Bitcoin Magazine
Using our handy guide, you may have already familiarized yourself with the ins and outs of Bitcoin. But aside from bitcoin, there are hundreds of other digital currencies out there. These are known as altcoins, or alternatives to bitcoin; for example, ether, ripple, zcash, monero and dash, to name just a few.
Altcoins can differ from Bitcoin in a range of ways. Some have a different economic model or a different coin-distribution method, like altcoins that were given away to all citizens of a country. Others employ different proof-of-work mining algorithms, perhaps to resist specialized mining hardware or maybe they dont even rely on proof of work at all. Several altcoins offer a more versatile programming language to build applications on top of, while yet others offer more privacy compared to Bitcoin. And there are also altcoins that serve very specific, non-monetary use cases, like domain name registry or data storage pointers.
However, there are also many altcoins that dont do much interesting at all. The vast majority of altcoins simply tweak some parameters that dont matter much, or offer something that may sound useful but isnt. If, for example, an altcoin has a greater total amount of coins, it just means each individual coin is worth less. If an altcoin finds blocks faster, it only means that a transaction requires more confirmations for a similar level of security.
As such, most altcoins offer no benefit over Bitcoin at all. Plus, they have less hash power securing them, involve fewer developers improving them and are usually less useful due to smaller network effects. And while many altcoins promise useful features, upon closer inspection many of these promises are just that: promises.
This also means that altcoins are typically riskier than Bitcoin. Their exchange rates are often more volatile, and over the years virtually no altcoins have maintained their value against bitcoin; most have come and gone. On top of that, many altcoins can be considered outright scams, mainly created to enrich its inventors and early adopters.
While some altcoins out there can and do perform useful tasks (for example acting in a testnet capacity or offering greater anonymity than bitcoin) and may have a future, many others are exclusively driven by speculation or worse. So make sure to do your research, and buyer beware!
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What is an Altcoin? Bitcoin Magazine
CryptoPing completes $2.5 million ICO to further develop altcoin trading intel bot – CryptoNinjas
4,727 investors have invested 1000.02 BTC, over $2.5 million in USD to stand behind CryptoPing, a bot that monitors crypto markets and notifies when an altcoin gets a surprising amount of market action.The projects ultimate mission is to use market data, statistics, news and social media to produce more precise trading signals and aid in forecasting cryptocurrency markets.
Date held: May 25 June 24, 2017 / Platform: WAVES
9,000,000 PING tokens sold out of 10,000,000 807,221 referral bonus tokens 136,868 discount bonus tokens 8,000 bounty tokens 47,911 tokens will be burned
CryptoPing informed investors that they put an extra 0.01 WAVES into their wallet to offset the commission fee for token withdrawal transactions charged from the Waves wallet.
From today,Cryptopia, a cryptocurrency and altcoin exchange based in New Zealand has already listed PING/BTC for trading. Instructions to move tokens to Cryptopia can be found here. Another exchange which has immediately listed PING tokens is YoBit.
Post-sale supply maintenance
To ensure that the token price remains stable, CryptoPing will keep burning tokens after ICO ends.
From every subscription transaction for CryptoPing, the company will burn a certain amount of transferred tokens: 75% of subscription fees during 6 months after the subscription is introduced, and 25% of fees for a year after that.
A public log will be kept of subscription payments and burned tokens. Every investor will get transparent information about actions undertaken and remaining token supply. Burning means transferring tokens to an address without the private key, rendering them inaccessible.
Service and roadmap
CryptoPing will now start to require small subscription fees in PING tokens to access the signaling bot and other upcoming services.
The project roadmap now sees to it that the following services be developed, news and social feed monitoring, neural network inception, auto-investing app, and programmatic technical analysis.
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CryptoPing completes $2.5 million ICO to further develop altcoin trading intel bot - CryptoNinjas
Saturday Slump: Ethereum, Bitcoin Prices Headline Crypto Market Downturn – CryptoCoinsNews
The crypto markets slumped on Saturday following several days of consistent gains. Both bitcoin and ethereum prices slid into the red, and most altcoins experienced declines as well.
Todays bitcoin price decline was not as pronounced as the one it experienced earlier this week, but it still fell 1.73% to $2,496. More important is the fact that the bitcoin price has experienced a fairly steady skid over the past seven days, as the chart below indicates.Bitcoin now has a market cap of just under $41 billion.
Seven-Day Bitcoin Price Chart from CoinMarketCap
One must wonder if concern over the impending network fork is fueling the recent bitcoin price decline and encouraging investors to cash out recent gains in anticipation of a potential price dip following the fork. If such a dip does occur, proactive investors will be able to acquire coins at a steep discount from current prices.
Earlier this week the total cryptocurrency market cap had inched its way back to $100 billion after the Monday Massacre, but todays events erased that progress. The total market cap slid back beneath $100 billion and currently sits at $98.9 billion.
Chart from CoinMarketCap
Earlier in June, the ethereum price managed to climb even when bitcoin and other altcoins fell. That has not been the case this week, as the downward trend has often hit ethereum worse than bitcoin. Today, ethereum price fell to $283. This 8% decrease caused ethereum to lose some ground in the fight to supplant bitcoin as the dominant cryptocurrency.
As tends to happen in widespread market downturns, bitcoin regained a bit of its market dominance. Bitcoin dominance rose to 41.5% for a 24-hour increase of 1%.
Chart from CoinMarketCap
Ethereum controls a 26.7% market cap share with a total valuation of $26.4 billion, down from 27.7% on Friday. Once again, Ripple and litecoin held steady at 10% and 2% of total market cap.
Every altcoin in the top ten experienced a price decline. The Ripple price fell 2.3%, dropping its market cap below $10 billion. The litecoin price managed to stay above $40, but it still fell by 2.7%. Ethereum Classic dropped 5% following a social engineering hack of Classic Ether Wallet. NEM and Dash declined 4.76% and 2.42%, respectively. IOTA fell 9%, despite news of a new blockchain research partnership with prominent Norwegian healthcare providers. To round out the top ten, Monero fell 4.35% and BitShares fell by 7%.
A few altcoins managed to resist the slump. As the chart below demonstrates, the Bytecoin price rose 28% today, placing it 13th on the market cap charts. If Byetcoin can continue its upward trend, it could threaten to replace either Monero or BitShares in the top 10.
Chart from CoinMarketCap
A few smaller altcoins rose as well. PIVX saw a 42% rise to $2.63 and the 39th spot on the market cap charts. Numeraire rose 45% to $53 and the 49th-largest valuation.
Featured image from Shutterstock.
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Saturday Slump: Ethereum, Bitcoin Prices Headline Crypto Market Downturn - CryptoCoinsNews
Monday Massacre: Bitcoin, Ethereum Lead the Way as Cryptocurrencies Retreat into the Red – CryptoCoinsNews
Cryptocurrency traders woke up to a sea of red this morning, as 92 of the top 100 cryptocurrencies by market cap experienced a marked price decline. The bitcoin price led the retreat, falling over 6% toward $2,400. Bitcoin has declined almost $600 since it pierced the $3,000 barrier two weeks ago.
The sell-off prompted this gif to surface on /r/bitcoin.
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Dont be surprised if you see the same gif rotated 180 degrees once the bitcoin price recovers.
Bitcoin price declines always increase discussions about the Flippening, the potential future event when another cryptocurrency (presumably Ethereum) will supplant bitcoin as the largest cryptocurrency by market cap. However, Ethereum has been dealing with its own problems. On June 22, it experienced a flash crash on GDAX, although it quickly recovered. More worrisome is the fact that Ethereum is experiencing network congestion and has yet to implement a long-term solution.
Consequently, the ethereum price has fared even worse than bitcoin. In the past 24 hours, the ethereum price fell 13% to $285.23. Ethereum too has been experiencing an elongated price decline, having fallen nearly $130 since it hit $410 on June 12. Significantly, ethereums ~$26.5 billion market cap is now only 63% of bitcoins ~$41.8 billion market cap.
The Monday Massacre did not stop with bitcoin and ethereum; altcoins are down across the board. Not even litecoin, which has experienced a price resurgence over the past several months, could swim against the current. The litecoin price fell 9.87% to $41.29. It has fallen nearly 20% since it topped out at $50 leading up to its listing on BitStamp.
Chart from CoinMarketCap
As this CoinMarketCap chart demonstrates, every top-10 altcoin declined at least 6%. Of these, the downturn hit Iota the hardest, as the token plummeted 20% to $.4172.
But the massacre did not stop there Only eight of the top 100 cryptocurrencies managed to avoid the bloodbath. Thirtieth-ranked Byteball was the largest cryptocurrency to experience a price increase, just barely moving the needle 1.84% to $781.20. Tether, MCAP, LEOCoin, OBITS, and Mooncoin each managed to tread water or increase slightly.
Lest one attribute the altcoin price decline to the fact that most altcoins rely on bitcoin as their major trading pair, the price charts look nearly as bad when you switch from USD to BTC. Nearly every altcoin declined against bitcoin.
The lone standout in the top 100 was 54th-ranked CloakCoin, whose price rose 41% to $10.09 (.0037 BTC). This is a new all-time high for CloakCoin, who previously rose to a high of .0033 BTC in late July 2014 before crashing in August and September.
Mainstream economists and news outlets rush to pronounce bitcoins impending doom every time it experiences a price decline, so dont be surprised if you see some trigger-happy Is This the End for Bitcoin? headlines pop up in your newsfeed if the downward trend continues. Nevertheless, it is far more likely this market downturn is just a bump in the road for cryptocurrency prices.
That said, both Bitcoin and Ethereum are facing scaling difficulties and will need to implement long-term solutions. Bitcoins test will come with the upcoming Segwit2x activation. All signs indicate Bitcoin will avoid a network fork on August 1, but any unexpected developments could lead to price volatility.
Leatherface image from Shutterstock.
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Monday Massacre: Bitcoin, Ethereum Lead the Way as Cryptocurrencies Retreat into the Red - CryptoCoinsNews
Altcoin signal app CryptoPing set to conclude ICO with over $1m already raised – CryptoNinjas
Altcoin intelligence and alert application CryptoPingis just a couple days away from concluding its ICO of PING tokens conducted on the Waves platform and so far has raised over $1 million or 540 BTC from over 2750 investors, which is a pretty nice achievement.
All in all,CryptoPing has raised 65% of the initially expected funding in dollars (considering the price of BTC to USD at the time when ICO has started). Coins are to be distributed one week after the ICO ends. Unsold coins will be burned. Ping tokens can pay for trading bot subscriptions or you can trade them on an exchange.
Name: CryptoPing Ticker: PING Initial supply: 10,000,000 Platform: Waves
Over 30,000 users are now waiting for the launch of subscription-based services and social sharing of crypto market trading alerts. Accordingto the team, CryptoPing is now attracting about 500 new registrationsevery day to the open public beta.
Investors will be able to withdraw their tokens to their Waves wallet when PING is added to any of the exchanges and token-based subscription is enabled. More specific information can be found on the projects white paper.
Specific Alerts & AutoTrading
For now, users get informed on movements detected the bot or they can set up specific bot price alerts for select coins across the exchanges. Eventually, CryptoPing intends to develop an auto-trading app that will be trigger automatically based on a set of parameters set by the user.
How will participants benefit from buying and holding the tokens?
If the token price rises in BTC, the subscriber will end up paying fewer fees with your tokens over time or there will have the potential to sell tokens on exchange and profit from their investment, or both. CryptoPing intends to keep the token price high by increasing demand and decreasing the supply of tokens over time.
Breakdown: Subscription fee is set at 0.01 BTC/month in PING* * based on the token price on exchanges. Free tier users retain access to signals from all exchanges but will get signals less frequently than during open beta.
Limited by Telegram itself, see theirFAQ
Closest buy/sell walls, social media mentions, changes to trades frequency
Filter by premine, market cap threshold, exchanges, etc.
Public traders will set their own fees that have to be paid separately from general CryptoPing subscription.
Project mission: use market data, statistics, news and social media to produce more precise trading signals and forecast cryptocurrency markets. Once launched, we will be providing a demo and review of the service to see if the results and intelligence are worth paying attention to.
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Altcoin signal app CryptoPing set to conclude ICO with over $1m already raised - CryptoNinjas