Category: Crypto

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Cardano (ADA) Blockchain Is Spreading In Africa And Asia

IOHK, a blockchain company that runs the Cardano (ADA) blockchain, is taking its general ledger distribution platform to a number of Asian and African countries. In May 2018, IOHK concluded a MoU (memorandum of understanding) with the Ethiopian Government to take its agricultural activities on the blockchain.

Cardano doing business in Africa and further

It is possible that the supply chain of Ethiopian coffee will use the Cardano blockchain shortly. IOHK will support the Ethiopian Government in hiring and coaching young software developers to master Cardano’s blockchain systems and deploy them into the country’s coffee supply chain.

The first series is scheduled to graduate in September 2018, and we’re talking about 30 fully-trained developers. The leading devs will be contracted by IOHK to develop the agricultural blockchain system solutions and provide support for Cardano’s code base.

We come not with solutions, but with a commitment to find them. Seeing the ideas that emerged from the dialogue between the IOHK and the ministry, we validated our launch in Ethiopia and our belief in a productive and mutually beneficial relationship. This belief is enshrined in the MoU that Charles signed with the Minister of Science and Technology, Dr. Getahun.

John O’Connor, Cardano (ADA) Director of Africa Operations

Cardano (ADA) spreading in Asia

The IOHK plans, as well, to deploy the Cardano blockchain to monitor beef supply chain in Cambodia and Vietnam.

One of the many Cardano development firm, Emurg Hong Kong, is keen to issue digital university certificates through the Cardano (ADA) blockchain. The new technology may reduce counterfeiting and forgery, while at the same time improve the system’s transparency and permit fast information verification on the blockchain.

The adoption of Cardano blockchain creates a single global market that allows anyone to trade on a global scale, which is revolutionary. The blockchain platform can solve many problems and make the world a better place.

Charles Hoskinson, Cardano (ADA) founder and IOHK CEO

Charles Hoskinson also said that using blockchain technologies could reduce smuggling, and he gave the example of China which bans Japanese imports but buys the Japanese Wagyu beef from Cambodia which, in turn, imports it from Japan.

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Tron (TRX) Price Starts Moving Up After Weeks of Stagnation

Tron (TRX) has stagnated around the $0.035 mark for a long period of time, but things are finally changing. Tron (TRX)is currently priced at $0.39 which shows a 4.30% increase in the last 24 hours. While the price spike might not be that huge, it still shows us that Tron (TRX) is on the right path. The main reason why Tron (TRX)’s price is starting to get bigger is because the share of USDT trading has been increased, up to 31%. In addition, Tron (TRX) is trading on Binance and this is expected to help the price go even higher than it already is.

Tron (TRX) No Longer Supported by Early-Adoption

One of the things that new investors who are looking to purchase TRX tokens need to take into consideration is that Tron (TRX) is no longer supported by early-adoption enthusiasm. This is not bad news by any means because it means that Tron (TRX) is seen as a “mature” asset and that it’s starting to be used for trading gains.

Tron (TRX) Mainnet

We should also mention that the Tron (TRX) mainnet launched on June 25th and this came as a surprise because the developers initially said that the mainnet will launch somewhere at the end of May. Nonetheless, reports are showing that the network can still transfer the new TRX digital asset after June 25th, but the transactions are slower than usual.

The Cryptocurrency is Trending

Despite the Tron (TRX) mainnet issue, the developers who are in charge of the cryptocurrency are saying that Tron (TRX) is trending on GoogleTrends. This means that more and more people are getting interested in Tron (TRX) and this is undoubtedly going to help drive the cryptocurrency’s price higher than ever. Maybe even hit the $1 milestone.

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Tron Foundation Locked Up 33.25 Billion Tron (TRX) – What Does It Means For TRX?

The huge supply of Tron (TRX) tokens has always been a hot topic for debates within the cryptocurrencies market. Prior to burning the 1 billion TRX during the Tron’s Independence Day, the total supply was 100 billion. After that event, the Tron (TRX) total supply fell to 99 billion TRX. Now, deducting the already circulating 65.75 billion TRX, it results that there is an extra of 33.25 billion TRX still under the Tron Foundation possession.

Tron announced that the remaining 33.25 Billion TRXs are now locked in about 1,000 addresses in Tron MainNet. The distribution of these funds also reduced the risk of losing all coins in case an address was attacked. The team also mentioned that while providing additional information about their identity, TRONICS members had plans to develop an interrogation tool that they could regularly verify and search for addresses in question.

33.25 billion Tron (TRX) locked – What’s the reason behind this decision?

Tron’s move was also to address the problem of procurement predictability. Crypto traders and Tron (TRX) owners are confident that there is now 65.75 billion TRX in circulation. So, the 33.25 billion TRX will remain locked until January 1st, 2020. As a result, this procurement predictability will give investors more confidence in this token.

With this step taken to increase investor confidence, and with a running Tron MainNet, the Tron (TRX) value has begun to dominate the cryptocurrencies market with the expectation that its supporters will increase in time.

As a remarkable example of such market response, there is Ripple which blocked 55 billion XRP in December last year. Within a short period of one month after this move, the price of the XRP rose from $0.22 to $3.82 with an increase of 1600%.

Apparently, Tron seems to have taken the right step regarding its TRX supply in circulation until January 1st, 2020. That will give a more stable Tron (TRX) market, while the crypto investors can invest in TRX without worrying about the supply in circulation. And so traders will not worry about a price drop due to an excessive amount of TRX in the market.

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Cryptocurrencies Graveyard – More Than 800 Cryptos Are Dead

Since the creation of Bitcoin (BTC) in 2009, more than 800 cryptocurrencies have disappeared for various reasons. Thar is assured by the Dead Coins portal where you can consult the lists of these crypto coins, their status and the causes of their disappearance.

The 2018 cryptocurrencies market drop and lose of trust in cryptos caused many digital assets to vanish

The growth of dead or retired cryptocurrencies has increased in recent months due to the sharp fall of Bitcoin (BTC) and other significant cryptocurrencies. BTC entered in 2018 with a valuation of nearly $20,000 per unit and is now only valued at about 35% of that figure in the most conservative markets.

The reason for the loss of trust in this type of currency also increased due to the numerous hacking or scams that have been carried out against the cryptocurrency exchange platforms or newcomers, respectively. That generated fear in the people who owned these digital assets, forcing them to sell their cryptos before their money was utterly diluted, but also in those people who wanted to invest in this market for the first time.

Dead Coins list includes all kind of crypto coins, from hacked one to those that were never established

Several financial analysts have determined that this instability of cryptocurrencies is very similar to what happened in the 2000s when the “.com” bubbles burst and fear increases the crypto coins’ credibility. But other people are taking advantage of this fall to buy and invest in companies that launch this type of currency to finance their projects and then claim the cash when the momentum is gained.

The Dead Coins list comprises 12 hacked coins, 55 of which were jokes, 125 were scams and 635 were not established.

Also, the figures above indicate that ICOs (initial coin offerings), even though they are very frequent in the cryptocurrencies market, they are not as successful as expected. While between all the 760 ICOs on the Dead Coins list only 125 were scams, 635 were trustworthy ICOs but which didn’t reach maturity, stuck somewhere in the process.

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BTCC To Relaunch Its Cryptocurrency Trading Platform And To Release The BTCC Token

BTCC announced the relaunch of its cryptocurrency trading platform today. Also, the company, which has been recognized as the oldest in the industry and one of the three largest in China until last year, will also offer its token in the future. The company is facing the obstacles posed by the Chinese authorities since September last year.

Today’s announcement indicates that the renewed cryptocurrency trading platform offers support for Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Bitcoin Cash (BCH), which can be exchanged for US Dollars.

The BTCC cryptocurrency exchange platform already comes relaunches with an advantage, since, according to InsideBitcoins most exchanges only offer trading with Bitcoin. It will also be possible to make exchanges between pairs of cryptocurrencies.

However, Aaron Choi, BTCC cryptocurrency exchange platform’s VP, estimates that the offer of cryptos will be limited to the top 10 of the cryptocurrencies market.

The relaunch of the BTCC cryptocurrency trading platform has been presented with a series of benefits to encourage the use of the platform. For example, exemption from paying fees for the first three months. Also, BTCC will offer a type of reward in points that can be exchanged for the BTCC token that could be launched in the coming months, although no specific schedule has been established for its release date.

BTCC to relaunch its cryptocurrency trading platform, plus the new BTCC token, after suspending crypto exchange operations in 2017

During September 2017, BTCC had to suspend its operations due to the cryptocurrency regulatory measures adopted by the Chinese government, which interceded with the demands of the People’s Bank of China, restricting the commercialization of crypto coins in the cryptocurrency exchange platform across China.

The company restarted operations in Hong Kong and London, as well as Huobi and OKCoin who also had to move their operations centers to other countries, but unlike these other exchange platforms, BTCC failed to position themselves firmly in the market.

In January 2018, BTCC operations were transferred to a Hong Kong investment fund focused on technology and blockchain, which since then has taken control of the mining pool, its Mobi Wallet and the BTCC cryptocurrency trading platform with the aim of repositioning it internationally.

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