Category: Crypto

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Crypto

Bitfinex Cryptocurrency Exchange Has Just Listed Verge (XVG) And Stellar (XLM)

Bitfinex, the world’s biggest and best-known cryptocurrency exchange, recently reported the introduction of Verge (XVG) and Stellar (XLM) to its exchange platform. While the deposits in both new additions were accepted already, exchanges commenced today at 11:30 AM UTC.

From now on, XVG and XLM can be exchanged to the other major available cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), as well as to fiat money, which includes USD, EUR, JPY, and GBP, on the Bitfinex exchange.

Trade is now live for XLM and XVG. Both pairs can be traded against BTC, ETH, USD, EUR, GBP & JPY.

Bitfinex, on its official Twitter page

Bitfinex has been established in 2012 and has served as the largest Bitcoin exchange network since that time. This was created by taking into consideration the increasing demand for cryptocurrency services.

Verge (XVG) and Stellar (XLM) addition to Bitfinex cryptocurrency exchange brings them among the elite crypto coins of the market

Crypto coins such as Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and Monero are available for exchange on Bitfinex platform. Via a p2p platform, it provides leveraged trading.

The Bitfinex site states that “margin trading and P2P financing will be enabled gradually as the order book develops liquidity”. This type of trading allows a person to purchase more equity as one can either borrow funds or obtain a loan through a broker to trade the desired cryptocurrency or fiat money asset on Bitfinex.

Over the past day, before the announcement regarding Verge (XVG) and Stellar (XLM) listing on Bitfinex cryptocurrency exchange, the XLM value against the USD soared by about 3.7% to $0.44, while XVG gained about 23% reaching to $0.08. At the moment of this article, XLM is at the $0.43 level, decreasing slightly, while XVG trades at $0.079 increasing by 9.63% in the last 24 hours by slightly decreasing since the announcement has been made.

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Crypto

Ethereum (ETH) Sharding To Overcome The Recent Blockchain Clog, Announced By Vitalik Buterin

Now, that the crypto coins and blockchains grow in acceptance and popularity, the scalability of the crypto networks is a growing issue, as the blockchains of the largest cryptocurrencies may not be prepared to handle as many transactions as they would require. This rapid increase in the number of cryptocurrencies holders over the past year has resulted in Ethereum (ETH) blockchain to clog up and the fees charged by it to rise. The solution would be Ethereum (ETH) sharding.

Therefore, the application of certain scalability measures put forward by the ETH developer, Vitalik Buterin, toward the community grew in priority. Thus, Vitalik Buterin, the founder and the leading developer of Ethereum (ETH), indicated today they will perform a Proof of Concept (PoC) based on sharding the network.

The sharding proposal to overcome this issue means the “repartition” of the blockchain among the net’s nodes. This means that every node can only approve a portion of the transactions.

Ethereum (ETH) sharding will improve the speed of the network

By allocating the approval of new blocks by this procedure means, Ethereum (ETH) network is able to significantly improve the processing of the network transactions. While the current protocol handles a new block every 12 to 15 seconds, via sharding the nodes it will process new blocks once every 2 to 8 seconds.

Even though the GitHub trial script has only 4 shards, Ethereum (ETH) team is expecting to be over 100 shards by the time it is deployed in the main blockchain.

Furthermore, Buterin argues that this backup chain will run on a PoS interface which will be tied to the primary Ethereum (ETH) blockchain, for the time being, but, when the Casper protocol will be completely deployed, the backup network should be completely incorporated into the primary ETH network.

With the complete and effective deployment of this Ethereum (ETH) sharding protocol, Ethereum (ETH) will be capable of handling many more transactions than it is able of processing at the moment. As a result, the different decentralized projects, that have been made famous under the name of CryptoKitties, will not negatively impact on the blockchain performance anymore.

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Crypto

Tron (TRX) Is The Biggest Gainer For Today As Its Mainnet Launch Gets Closer

Justin Sun, the founder and the chairman of Tron (TRX), has started the countdown for the release of Tron’s Mainnet, set for May 31st. Following the highly acclaimed release of Testnet, the team is now gearing up for the long-awaited rollout of the Mainnet.

The Mainnet arrives with the migration to the ERC20 token which is slated for June 21st. Following this fruitful move, Tron will become a prospective contender for Ethereum (ETH), according to Justin Sun.

Justin has just tweeted:

Tron Main Net launch countdown: 31 days, 744 hours, 44,640 minutes, 2,678,400 seconds!

Tron (TRX) grabbed the 9th position and hold on it, as NEO (NEO) dropped

TRX has skyrocketed in terms of market capitalization and value in the run-up to the forthcoming highly significant elections and release of Mainnet.

The whole cryptocurrencies market has tied the success of TRX to the release of Mainnet to a significant degree.

TRX had entered the top 10 list ranking in 9th position yesterday just before falling back to the 10th place. In a matter of hours, TRX rose once again to retain its 9th position and remained steady on the 9th place in the cryptocurrencies market, defeating NEO (NEO).

Tron (TRX) is the single double-digit gainer among the top 20 cryptocurrencies, at this moment

At the moment of writing this article, Tron (TRX) is trading at $0.099, registering a 16.49% increase in the last 24 hours and reaching to a market cap of approximately $6,42 billion, securing, for the moment, the 9th position in the front of NEO (NEO).

Today, the cryptocurrencies market presented a negative trending which ‘contaminated’ almost every coin on the market. Despite this massive drop in the market, TRX settles, as we speak, on the second position by gains, behind the lesser-known Aelf coin. However, TRX is the biggest gainer among the top 10 cryptocurrencies and this means a lot to it.

In conclusion, as we get closer to the Tron’s Mainnet release, Tron (TRX) will register gains. It would be interesting to see how much this coin will increase on the cryptocurrencies market in terms of both market cap and value against the USD. However, TRX is a promising coin which might indeed go to the Moon, eventually.

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Crypto

NEO (NEO) Lost The Race Against Tron (TRX) – NEO Gained 11% Just To Drop To -1.22% In Just A Couple Of Hours

NEO is one of the top 10 cryptocurrencies in the world and its figures were upbeat today. The majority of the analysts of the cryptocurrencies market state that the full value of NEO (NEO) remained yet untapped and they hope NEO will achieve this in the upcoming 3 to 5 years. NEO is a nonprofit community-driven network initiative that seeks to deliver an accessible and widespread network for a smart economy.

In terms of its behavior in the cryptocurrencies market, NEO (NEO) ranked in the list of the lowest performers, as it dropped to the 10th place in the current upturn of the market.

It is now still on the descent as being in line with the other top 20 crypto coins, registering a 1.22% decrease in the last 24 hours, at the moment of this article. Accordingly, NEO (NEO) is now trading at $86.46 and has raced against Tron (TRX), as they were both seen switching their ranks in the last 24 hours or so.

NEO (NEO) Vs. Tron (TRX) – NEO has lost the race against TRX for the 9th position

NEO (NEO) has been rising by 19% over the last week and it has been doing this until a couple of hours ago when the crypto started to drop. Tron (TRX), on the other hand, which ran on an identical track, seized NEO (NEO) checkpoint yesterday to claim the 9th position but dropped to 10th in just a couple of minutes.

In this tight race, TRX claimed the 9th place from last night, driving NEO to 10th, regardless of the great gains the latter has registered earlier today. NEO’s present market capitalization is about $5.6 billion, while TRX assumed a market capitalization of $6.5 billion. Apparently, Tron (TRX) won the race against NEO (NEO) for the 9th position, at least momentarily.

As you look at the whole cryptocurrencies market, the crypto coins’ prices have been falling to the negative side as of yesterday, whereas just a handful of cryptos have been rising and the gainers’ portfolio for today contains NEO (NEO), Tron (TRX), and some other 5 top 20 cryptos, despite the drop NEO experienced earlier.

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Crypto

IOTA (MIOTA) Will Be Listed On Cobinhood On May 4th

Forthcoming cryptocurrency and crypto token additions on Cobinhood include IOTA (MIOTA). Starting with May 4th, accordingly, IOTA (MIOTA) will be listed on Cobinhood.

IOTA (MIOTA) on Cobinhood starting with May 4th 0:00 (UTC)

The MIOTA depositing and exchange will be possible with Bitcoin (BTC), Ethereum (ETH), and USDT, all of which will be reported to IOTA (MIOTA) starting with May 4th.

On the other hand, the funds’ redemption will be made available within 14 days following the opening date of the trading position, which will be updated with the exact date and time when the withdrawal will be possible.

Additionally, starting with May 7th, at 0:00 (UTC), Dent (Dent) will also be available on Cobinhood and will be paired with Bitcoin (BTC) and Ethereum (ETH).

Forthcoming Events and Airdrops with IOTA (MIOTA) on Cobinhood

As in the past SHPING Beta Mission, participants in the Airdrop Mission are now also expected to hold COBs in their wallets to be able to take part in the airdrops. That, together with the COB Factor for exchange missions, customers who want to gain these rewards should hold COB to get a higher probability of entering these competitions.

While waiting for these tasks to be unblocked, don’t hesitate to buy COB in your COBX trading wallet first.

Trade Shows on May 4th, at 0:00 (UTC)

  • Playcoin Trading Contest
  • Chain Trading Contest

Airdrop Missions on May 4th, at 06:00 (UTC)

  • SHPING Gamma Mission
  • SyncFab Operations Challenge

For the complete schedule of the Cobinhood’s Airdrop Missions with the occasion of MIOTA addition, go here.

IOTA (MIOTA) Price

At the moment of this article, MIOTA is trading at $2 sharp, recording a decline by 1.15% in the last 24 hours. Besides, MIOTA is, currently, the 11th cryptocurrency by market cap, scoring exactly $5,561,478,757 in market capitalization volume.

Apparently, as IOTA (MIOTA) will be listed on Cobinhood, its market cap might increase thanks to the increased acceptance and appreciation, therefore, this cryptocurrency might go up one position to the #10, outscoring NEO (NEO) which has a market cap of $5,619,607,500.

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