Author: Anna Galvez

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Crypto News

Nebulas Rank Yellow Paper Allows Cryptocurrnecy Investors To Measure Value Of Blockchain

The brand new Nebulas Rank Yellow Paper is the cryptocurrencies universe’s leading market-based insight for cryptocurrency investors on the various smart solutions that are available in the cryptocurrencies market. Whether it’s about value discovery, smart contracts or blockchain users, Nebulas seeks to catch this whole users segment, using the last algorithm expansion.

In the cryptocurrency’s universe where speculation is the norm, the Nebulas Foundation has become a pioneering firm. It has been among the very few to research blockchain technology from a consumer’s point of view and to construct the innovative Nebulas blockchain.

Nebulas blockchain has developed into the core algorithm by which the whole classification system is built. Nebulas Rank’s Yellow Paper carries this core feature to the next step of its evolution, providing users with a deeper understanding, allowing them to find out more about the blockchain or to measure the value of blockchains, and to examine smart contracts more thoroughly.

From Nebulas Mainnet to Nebulas Rank Yellow Paper

The initial variant of Nebulas Mainnet initial version, 1.0 Eagle Nebulas, was a reference point in the cryptocurrency universe at the time of its first launch. More significantly, it completes decentralized applications (DApps).

A significant development in blockchain technology is DApps. The effectiveness of search procedures is reduced, and it is a primary task to grasp the application of the blockchain in addition to smart contracts. Actually, there is a limitation when you use PageRank, as it is not covering the entire span of requested information and the value evaluation parameters in the blockchain.

The Nebulas Rank Yellow Paper allows you to measure the value of the blockchain by employing Nebulas Rank’s core algorithm and expanding it incrementally to permit users to maximize the capabilities of smart contracts and find blockchain apps.

The Nebulas Rank Yellow Paper will gauge the cryptocurrency in the market, along with economic perspectives and levels of account contribution. The work of the Nebulas algorithm against manipulation ensures fairness standards for the blockchain incentive mechanism.

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Crypto News

Canadian Cryptocurrency-Related Survey Revealed That 40% Of Ontario-Based Crypto Investors Sell Their Cryptos

A new cryptocurrency-related survey carried out in Canada showed that 40 percent of the Ontario-based cryptocurrency investors are selling their cryptos and that the Canadians are generally cautious when it comes to cryptocurrency investments.

40 percent of Ontario-based cryptocurrency investors sell their cryptos

A survey carried out by the Ontario Securities Commission (OSC) measures the investment habits made by cryptocurrency investors and traders, as well as the people’s level of understanding regarding the new cryptocurrencies market. This study, conducted on over 14 million people in Ontario (more than 38 percent of the total population) found that nearly half of the 18-year-old residents of the Canadian state, about 5 percent of the state’s residents, invested in the cryptocurrencies market.

The study, in general, showed that Canadians tend to be cautious about their investment habits in the cryptocurrencies market, as, for example, less than 9 percent invested more than $9,999 in cryptos.

Also, according to this study, about 40 percent of the Ontario-based cryptocurrency investors are selling their cryptos.

The survey showed that Canadians were generally cautious in cryptocurrency investments

81 percent of those surveyed heard about Bitcoin (BTC), 25 percent of Bitcoin Cash (BCH), while only 13 percent knew about Litecoin (LTC). It was also found that only 11% knew Ethereum (ETH), the second largest cryptocurrency in the market.

Perhaps the most exciting aspect of the survey was the way participants used to get their cryptos. 46 percent said they had traditionally bought them from cryptocurrency exchanges, while only 28 percent said they had obtained them through mining.

Most of the participants said they used cash savings to buy their cryptos, while a small group said they were investing. The authorities reported the final result of the work as follows:

According to the results of this research, the vast majority of the people of Ontario are cautious about their cryptocurrency investments. Only a small percentage have their own cryptos and those who own them did not have to spend significant amounts of money to get it.

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Crypto Markets

One Syscoin (SYS) Sold For 96 Bitcoin (BTC) On Binance This Morning

The Binance cryptocurrency exchange platform stopped all transactions early this morning after the acquisition of a single $0.25-valued Syscoin (SYS) with 96 Bitcoin (BTC) on its marketplace.

Syscoin blockchain was attacked

Both Syscoin (SYS) and Binance have confirmed from official Twitter accounts that the Binance platform has stopped all operations due to an attack targeted on the Syscoin blockchain.

As a precaution, after observing strange trading behavior matched by atypical blockchain activity, we have requested that swaps suspend the SYS deposit/withdrawal transactions today. Investigated #Syscoin Blockchain is safe. We have notified the cryptocurrency exchange to reopen the transactions. Information about the details will be given tomorrow.

Syscoin

The reports show that 1 billion Syscoins (SYS) have been extracted from a single source, despite the total potential supply of coin being 888 million. The company has not yet found exactly what it is. However, the team confirmed that an attack was taking place on the blockchain. Syscoin (SYS) team also asked all the cryptocurrency exchange platforms that list SYS to stop Syscoin (SYS) operations until the problem was solved.

Binance halted the operation after 1 Syscoin (SYS) was sold for 96 Bitcoin (BTC)

The Syscoin blockchain attack caused one of the world’s largest cryptocurrency exchange platform, Binance, to halt all the tradings.

One Syscoin (SYS) current value is $0.25, at the moment of this article, while this morning, 1 SYS was selling for 96 BTC, approximately $643,000.

These bizarre sales have led to a massive pumping of Syscoin (SYS), and this caused a shock to the entire market, with an increase of 85% in SYS, according to the CoinMarketCap, until transactions were suspended.

For now, neither the Binance nor the Syscoin (SYS) attack on Syscoin blockchain is associated with the suspicious sale of money on the Binance exchange.

Binance

If it turns out that the unprecedented sale is due to an attack on Syscoin blockchain, we can see many similar cyberattacks aimed at exploiting security vulnerabilities in cryptocurrencies subcodes and wallets in the future.

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Crypto News

Steem Blockchain Froze For Nine Hours Due To A Series Of Invalid Transactions

A series of invalid transactions resulted in an error in Steem blockchain, which held the network down for approximately 9 hours, creating restlessness among the users. Nevertheless, the startup informed via its account on the social network Twitter that the bug had been fixed and that the accounts of users and their tokens were not at any time at risk.

Some of the users, the operators of the Steem nodes, pronounced themselves on the issue via the Steemit social network to provide the initial draft of what had happened, which was subsequently substantiated by an official announcement made by the Steem team.

A series of invalid transactions clogged up the Steem blockchain

A series of invalid transactions that a user of an account with the name @nijeah had attempted, reportedly caused the Steem blockchain to clog. It appears that the customer carried out four funds transactions, in VEST tokens, in negative numbers, such as -10,000,000,000,000 VEST.

Steem team argued that what happened is in reality due to a “protection mechanism integrated into the blockchain that prevents the invalid transaction from causing real damage.” The blockchain regulations, they claimed, ban transactions like those @nijeah tried to make, but in the present case, the blockchain failed to block them. The operations were performed seven days later, and since their completion was not authorized, the before-mentioned rules took over.

The team expressed regret that the operations were discontinued for 9 hours and affirmed that their primary concern was to secure users’ accounts and their tokens.

Steem blockchain operates the Steemit social network

Steem blockchain operates the Steemit social network, which is based on compensating users with cryptocurrencies for different activities they employ on the net. On the platform, users earn tokens by uploading and distributing their content, as well as when they vote for their favorite content. Users can post pics, videos, or useful links to their posts or different publications.

The goal of Steemit, as its founders claim, is to ensure that the content is relevant to all the users of the platform.

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Crypto News

Ripple (XRP) Supported On Wirex App After The Latest Update

The Wirex App, a cryptocurrency-friendly accounts service provider, as they describe themselves, will add support for Ripple (XRP) to their app in the coming days.

Wirex is a platform that provides cryptocurrency wallets that are connected to physical and virtual debit cards, crypto exchange, as well as fiat money buying and payment solutions. As of 2017, Wirex platform has 900,000 customers in more than 130 countries. Overall, Wirex focuses on combining the global acceptance of traditional payment systems with the speed and cost-effectiveness of cryptocurrency.

Wirex App features

Among the features that Wirex has, noteworthy are the following:

  • Cryptocurrency wallets and fiat money accounts are on a single platform;
  • Money transfers are free;
  • Multi-currency exchange possibility using GBP, USD, EUR, and crypto;
  • Deposits and withdrawals between local banks are accepted;
  • Mobile and desktop access;
  • International deposit;
  • Wirex Wallet supports more than 50 currencies;

Wirex cryptocurrency-friendly accounts come with a specific account number and ranking code located in dozens of countries worldwide. Deposit transfers are made using SWIFT and IBAN from the UK.

Opening a Wirex account allows users to use a virtual payment card to make online payments using cryptocurrencies, and the UK Financial Authority also regulates the platform which also provides maximum security features.

Wirex App to add Ripple (XRP) soon

Wirex also has a cryptocurrency wallet functionality that allows users to purchase cryptos directly from their account or the stock market. These wallets are secured using Multi Signature technology, SSL encryption, and 2FA in both desktop and mobile variants. The Wirex Wallet supports more than 50 currencies.

Now, Ripple (XRP) got on Wirex platform.

We improve the Wirex application, making it faster and easier to use. To update the app, all mobile users will be automatically signed out of their accounts on Tuesday, July 3rd. To sign in again, they need to update the app from the App Store or Google Play. The update provides Ripple (XRP) wallet, faster application speed, and improved productivity.

Wirex team

At the time of this article, Ripple (XRP) is trading at $0.494, registering an appreciation of about 3.5%. Ripple (XRP) is currently ranking on the 3rd position in the cryptocurrencies market, with a market cap of approximately $19.4 billion.

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