Author: Anna Galvez

Categories
Crypto

EOS (EOS) And Ripple (XRP) Might Never Be Listed On Coinbase Cryptocurrency Exchange Platform

At this moment, two of the most popular and appreciated crypto coins are EOS (EOS) and Ripple (XRP). However, the Coinbase cryptocurrency exchange platform is practically forgetting about these cryptos, disappointing many members of the crypto community who were expecting to see EOS and XRP listed on the renowned US-based crypto trading platform.

However, Coinbase has a few solid reasons why it’s avoiding listing EOS (EOS) and Ripple (XRP).

One of these reasons is that an investment in Ripple (XRP) and EOS (EOS) crypto coin would not be as reliable and profitable as investing in Ripple and Block.one companies. On the other hand, the debate of which crypto tokens are securities and which aren’t is also a reason why Coinbase doesn’t want to deal with EOS and XRP, at least for the moment.

Some cryptocurrency traders and crypto community enthusiasts are still hoping Coinbase will list Ripple (XRP) and EOS (EOS) but, unfortunately, this might never be the case.

EOS (EOS) and Ripple (XRP) might never be listed on Coinbase cryptocurrency exchange platform

First, the US SEC shows no signs of dealing with the situation surrounding EOS and XRP and this regulatory acts against Ripple is not something in which Coinbase would like to get itself involved. This situation, corroborated by the negative experiences Coinbase cryptocurrency exchange platform has had with other crypto coins, is what makes the renowned platform to keep a safe distance from XRP and EOS.

Also, Coinbase would like to get involved on the mainstream stock market, as well as to attract more institutional investors. Also in this regard, an EOS (EOS) and Ripple (XRP) listing would not help Coinbase due to the regulatory situation surrounding the two digital assets.

On the other hand, new and small-time investors will pop up immediately if Coinbase would announce the addition of EOS and XRP, and that will lead to EOS (EOS) and Ripple (XRP) prices to spike and then to dump. People would then blame Coinbase, definitely something that the most renowned US-based cryptocurrency exchange platform wouldn’t like to happen.

Categories
Crypto Tech

Android Cryptocurrency Mining Malware Is Affecting Amazon Fire Devices

An Android cryptocurrency mining malware is infecting the Amazon Fire devices, such as Amazon Fire TVs. This Android malware is part of Android ADB, and it spreads to different devices, slowing them down as it uses their computing resources to mine cryptos.

This Android malware has begun to affect Amazon Fire and Fire TV Stick devices, which are compatible with TV services from Amazon and other providers and use a version of Android on their Fire OS operating system, as the AFTVnews portal has warned.

This version of cryptocurrency mining malware installs automatically on Amazon Fire TV devices with Fire OS 6 or earlier in an application called Test accompanied by the package named “com.google.time.timer.” Several users of these devices have reported this problem over the past year through forums.

After installation, this Android cryptocurrency mining malware can spread to other associated devices, slowing down their operation and occasionally forcing applications to stop.

An Android cryptocurrency mining malware is affecting Amazon Fire devices

The discoverers of this malware suggest that it was spread through ‘apps’ allowing access to watch pirated movies, although its origin has not been identified precisely.

While this Android cryptocurrency malware is up and running, all the computing power of the device’s processor will be used to mine cryptocurrency, which explains why the infected devices are getting laggy and slower.

It is believed that the malware was first installed as a result of an application downloaded by sideloading.

In order to prevent the spread of this Android cryptocurrency mining malware, the specialists recommended users turn off ADB debugging and applications from unknown sites under “Settings” sections on your Amazon Fire TV. If a device has contracted this Android malware, the only solution to get rid of it is to return your device to its factory settings, according to AFTVnews.

Categories
Crypto News

Binance Cryptocurrency Platform To Introduce Exchange Operation in Euro And Other Fiat Currencies

Binance cryptocurrency exchange platform will offer its customers the option of trading in Euro and other fiat currencies, according to Zhao Changpeng, its chief executive officer, in an interview with the Bloomberg news agency.

Changpeng said on Monday, June 11th, that Binance will allow the exchange with Euros at the end of 2018 and will add other fiat currencies, although he did not indicate which ones. These operations will be carried out through the headquarters of the Binance cryptocurrency exchange platform’s offices in Malta.

This exchange platform is the third with the highest volume of exchange worldwide and handles 12% of the total amount of the cryptocurrencies market, being surpassed only by OKEx and bitFlyer, according to data from Coinhills.

In March, Binance suffered an attack on its platform that led to a massive unauthorized sale of coins by a group of users through a malicious bot. However, this event did not negatively affect the performance of the bureau de change, which continues to be used by a large number of investors.

Binance will allow exchange operations in Euro and other fiat currencies via its offices in Malta

The Maltese government has expressed its interest in creating a legal framework to encourage the development of projects using blockchain technology, as well as the use of cryptocurrency, according to the Minister for Financial Services, Digital Economy and Innovation, Silvio Schembri, at the end of April.

The Executive has already approved and presented to the legislative body three bills to regulate operations with cryptocurrency, cryptocurrency exchange platforms, and blockchain, without limiting their potential.

Thanks to this plan, large companies in the sector are moving their operations to the European country, including OKEx and Binance.

After this move to Malta, Zhao Changpeng said that “after reviewing the draft law, we are convinced that Malta will be the next seedbed for innovative blockchain companies and a center of the blockchain ecosystem in Europe.”

Now, Binance cryptocurrency exchange platform will allow exchange operation in Euro and other fiat currencies via its headquarters established in Malta.

Categories
Crypto

Ethereum Classic (ETC) Surged In Expectation For Upcoming Coinbase Listing And Binance Additions

In the apparent stability of the last few hours, after a double-digit drop for the crypto market since last Sunday, Ethereum Classic (ETC) experienced a strong revaluation, driven both by the removal of the difficulty for miners and by the announcements made yesterday regarding an upcoming Coinbase listing and new ETC trading pairs on Binance. These factors led to a 21.44% boost in the last 24 hours, at the moment of this writing.

While the market as a whole is showing an over 11% loss since Saturday night to reach a total value of about $293 billion, as of this writing, Ethereum Classic (ETC) presents a 21.44% increase in the last 24 hours. The crypto is currently trading at $15.25.

ETC followed a downward trend on Sunday but the announcements made yesterday by Coinbase and Binance were enough for Ethereum Classic (ETC) to boost significantly since yesterday.

Ethereum Classic (ETC) to be listed on Coinbase while Binance will add to new ETC trading pairs

Coinbase announced on Monday that it had begun the engineering work necessary to list Ethereum Classic (ETC) and that at the end of the final testing phase of the technical integration, it will announce the launch of ETC on the platform, a process that is expected to take several months.

Binance, for its part, announced that starting from today, Tuesday, at 2:00 am GMT is offering ETC/USD and ETC/BNB trading pairs. The cryptocurrency exchange platform listed Ethereum Classic (ETC) only eight months ago and provided the ETC/BTC and ETC/ETH trading pairs.

ETC is not the only one to have resurfaced noticeably when the market appears to be sidelined after a sharp downturn. LoomNetwork (LOOM) exhibits a higher level of recovery than ETC, with about 33% increase in the last 24 hours.

Today, LoomNetwork has released the public beta of the Loom SDK (the Software Development Kit), promised two months ago, which seemed to be behind LOOM crypto’s rise. LoomNetwork works as a layer over Ethereum (ETH) network.

Categories
Crypto

Ethereum (ETH) ERC20 Smart Contracts Proliferated From 5K To About 100K In Less Than 1 Year

The use of the Ethereum (ETH) blockchain has grown significantly since 2017 with an explosion in the number of new ERC20 smart contracts, from 5,000 in August last year to over 90,000 today. This worldwide network has seen all kinds of projects built around it, the so-called “ERC20” tokens becoming a significant use case.

The ERC 20 smart contracts proliferated in a few months from 5,000 to nearly 100,000 as tokens of all kinds, moving from virtual chats to stable currencies in an unprecedented development in the crypto-verse in such a short time which shows how the fact that a blockchain that is designed as a platform makes the difference.

Recently, Ethereum network introduced the ERC721 standard

The ERC20 tokens, already well known to the general public, are however only a first evolution in the network. Just recently, the ERC721 standard was introduced.

While each ERC20 token is indistinguishable from another, each ERC721 tokens will be absolutely unique. Each of them will have an “individuality” that makes them distinguishable.

As mentioned above, this is a relatively new invention, but one with broad application.

For example, if you want to tokenize works of art, you can opt for the ERC721 tokens, each of which will be unique and linked to a single piece of work.

Ethereum (ETH) price

At the moment of this writing, Ethereum (ETH) is traded at $516.10 after the cryptocurrency dropped by about 5% in the last 24 hours within a cryptocurrency market which is trading “red” right now.

Despite Ethereum (ETH) blockchain’s successful jobs with ERC20 smart contracts and the newly added ERC721 token standard, Ethereum (ETH) price is not soaring as many fans would expect. Unfortunately, Ethereum (ETH) is still very volatile.

In short, Ethereum ERC20 smart contracts have shown to be a real success as they proliferated in a few months from 5,000 to nearly 100,000.

On the other hand, Ethereum (ETH) smart contracts have a new fierce competitor, that is IOTA (MIOTA) Qubic.

Exit mobile version