Category: Crypto

Categories
Crypto

EOS (EOS) Holders Will Have Tokens Frozen If Don’t Register Them Before June 1st When EOS Mainnet Is Set To Launch

With less than a week before EOS moves to its own mainnet, more than 50% of EOS (EOS) tokens are still not registered on the network. A situation that jeopardizes a few million dollars invested and could, in the worst case, affect EOS (EOS) market prices.

The cryptocurrency wallet Exodus was the first to report the situation, warning that more than half of the holders of the EOS ICO ERC20 tokens, hosted on Ethereum (ETH) blockchain, had not registered or updated their public key to claiming their tokens corresponding to the EOS (EOS) blockchain at the time of the migration to its own mainnet.

Millions of dollars in EOS (EOS) could be frozen after Friday, June 1st

The registration or mapping of EOS tokens, as it is also called, must be done by each of the EOS token owners to associate their Ethereum (ETH) wallet to a public key on the EOS (EOS) mainnet. All this with the aim of having your money active on the mainnet.

What if a wallet is not registered?
It’s exposed to backup logging. The Script will synchronize all the public keys of Ethereum in a block range. If you can locate a public key belonging to an unregistered address, it will generate an EOS public key from the Ethereum public key. The public key of Ethereum should match the public key of EOS. (Note: This is highly experimental, but has been tested to work with high confidence.

EOS (EOS) team

EOS (EOS) is secured on the 5th position in the crypto market

Since its ICO, EOS (EOS), an initiative dedicated to arbitration and digital governance with blockchain, has enjoyed popularity among crypto enthusiasts.

At the moment of this article, the EOS (EOS) is the 5th cryptocurrency with a market cap of over $10,5 billion. At this moment, EOS is traded at $11.92, losing about 3% in the last 24 hours.

EOS team and the cryptocurrency wallets and cryptocurrency exchange platforms trading this crypto recommend users to register their EOS tokens before June 1st, as 23 hours after that date the tokens will be frozen until further notice.

Categories
Crypto Economy News

Marshall Islands Ditched The US Dollar To Adopt Sovereign (SOV) Cryptocurrency

The sovereign country of the Marshall Islands has decided to ditch the US Dollar as its official currency and adopt the Sovereign (SOV) cryptocurrency, a crypto coin created by the Island’s inhabitants that promises, among other things, to be a more secure and efficient way of conducting transactions than the USD. Definitely, this a historical decision, as Marshall Island is now the first country in the world to choose an official cryptocurrency over a fiat currency.

The Marshall Islands chose its own Sovereign cryptocurrency over the USD

The proposal was made in February 2018 and was made official just one month later, in March.

However, this has come back in the news these days, once again, due to the implication this movement has for international banking systems which normally point to the lack of support from an international authority as the reason for criticising or not accepting cryptocurrency.

The Marshall Islands’ decision to ditch the United States Dollar and adopt its own Sovereign (SOV) cryptocurrency drew the attention of cryptocurrencies market investors and the crypto-related publications who used Twitter to draw more attention to the event.

At the moment of this article, the Sovereign (SOV) cryptocurrency is in full process of implementation which will commence with an ICO (Initial Coin Offering).

Cryptocurrencies are still frequently undermined by international banking systems and governments

This follows multiple international attempts to lower the profile of cryptocurrencies, including an executive order from U.S. President Donald Trump to veto investments in Venezuelan Petro cryptocurrency, as well as the problems in regulating these digital assets in countries like Chile.

In certain territories such as Germany and Japan, cryptocurrencies are accepted and considered under the law, although there are still problems in places like Venezuela, where the state seeks to dominate with its own currency called Petro, or China, where crypto coins are still seen as competing for the country’s traditional money.

Categories
Crypto Markets

Coinbase Cryptocurrency Exchange Acquires Paradex Cryptocurrencies Trading Platform

Coinbase, the renowned cryptocurrency exchange platform, has made another move to hold a larger share of the growing cryptocurrencies market. Accordingly, Coinbase acquires Paradex cryptocurrency trading platform.

Thus, it is righteous to think that the leading cryptocurrency exchange platform in the United States has acquired the Paradex cryptocurrency trading platform to gain a wider market share in cryptocurrency trading and spread its dominance in the cryptocurrencies market.

The amount paid by Coinbase for the acquisition of Paradex remains unknown, at this moment.

Coinbase acquired Paradex and will soon support a larger number of cryptocurrencies

Paradex permits its customers to trade currencies directly between themselves through the use of digital wallets, rather than via a centralized cryptocurrency exchange platform such as Coinbase, that keeps tokens in safekeeping on behalf of its clients..

At this moment, Coinbase is only offering operations in the four largest cryptocurrencies, namely Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Additionally to these, Coinbase will take advantage of the Paradex platform which makes it easy to trade in hundreds of cryptocurrencies.

As a result of the acquisition, the number and types of cryptocurrencies that clients can exchange and trade with the Coinbase cryptocurrency exchange platform will expand substantially.

The purchase of Paradex is meant to help Coinbase attract more institutional investors

As we speak, Coinbase is the most popular and appreciated cryptocurrency exchange platform in the United States, as well as in other places in the world. However, Coinbase’s team wants more from the platform as to attract more institutional investors.

The acquisition of Paradex cryptocurrency trading platform might be a step forward in this direction as the Paradex platform is offering the possibility of trading in about a hundred cryptocurrencies and will now become, thanks to Coinbase, active on the US market which would’ve been an impossible task, otherwise, due to SEC regulations.

Categories
Crypto Real Estate

Ripple (XRP) Accepted As Cryptocurrency Payment Method On Propy For A $16 Million Property In Silicon Valley

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are the most popular among crypto enthusiasts and now they are all accepted as payment methods for the acquisition of 27 acres of land in Los Gatos, in California, as recently Ripple (XRP) has been accepted by Propy Inc as a cryptocurrency payment method.

Any announcements with regard to the adoption of cryptocurrency are particularly appreciated in this period of turmoil in the cryptocurrency market that has witnessed Bitcoin (BTC) drop to its current record low of $7,000. BTC is now trading at $7,241, at the time of this article. On the other hand, Ethereum (ETH) is currently traded at $533 and Ripple (XRP) is down to levels under 60 cents and quoted at $0.57.

Via Propy Inc, a real estate business committed to addressing cross-border real estate purchase challenges, a property appraised at $16 million may be acquired with BTC, ETH or XRP.

Propy Inc accepted Ripple (XRP) as a new cryptocurrency payment method for a $16 million property

The announcement has been made via a tweet on the official Propy Inc page on the social networks, which reads:

Great news! We added XRP as a cryptocurrency accepted at Propy, starting with a rare investment opportunity to acquire one of the last large pieces of city land in Silicon Valley! $, BTC, ETH and now #XRP are accepted. The offer is exclusive on #propy:

The property listed on the Propy Inc’s website features a thorough description of what it offers and also admits the acceptance of Ripple (XRP) as a cryptocurrency payment method, along with Bitcoin (BTC) and Ethereum (ETH).

BITCOIN & ETHER and XRP ACCEPTED! Welcome to Los Gatos! Located on Shannon Road, this rare 27-acre site near the top of Los Gatos is now for sale.

This property is the first on Propy to accept cryptocurrency payment in Ripple (XRP) but the real estate company is optimistic other properties will follow.

According to the current XRP value against the USD, one would need around 27,9 million Ripple (XRP) to acquire the property.

Categories
Crypto Economy Finance News Personal Finance

Essential Crypto Trading Strategies to Avoid Bankruptcy

Investing in cryptocurrencies is a risky business and there’s no doubt about that. Just take for example how the crypto market unexpectedly crashed when 2018 started. Nonetheless, today we are going to present the three essential crypto trading guidelines that are going to help every new investor get a better understanding of what they should and shouldn’t do. With that being said, let’s get into it!

Follow Bitcoin

Even though new investors might not want to invest in Bitcoin because the buy-in is quite expensive, this doesn’t mean that Bitcoin should be discarded. Closely following Bitcoin is the best thing that new investors can do because its price usually dictates how the market goes.

For example, if Bitcoin price is pumping then altcoins price is highly likely to go down because investors are going to sell their altcoins and start purchasing Bitcoin instead. In addition, history shows that whenever Bitcoin goes up, the entire crypto market starts moving.

Don’t Invest All Your Money

The most important tip that we can give new investors is to never invest more than they can afford to lose. As previously mentioned, the crypto market crashed in January 2018 and this caused many investors to go bankrupt, especially since the prices were higher than usual at the end of 2017. Also, investing a smaller sum makes it easier to not get FUD (Fear, uncertainty and doubt) whenever an altcoin dips.

The Long Run

While there might be tens of stories about people who invested a couple hundred dollars at the right time and became millionaires overnight, this is highly unlikely to happen nowadays. Prices go up and down every day because the crypto market is highly volatile and predicting when that happens is nearly impossible. Therefore, we advised new investors to look at the long run and only invest in cryptocurrencies that they believe in.

Exit mobile version