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Crypto

Cardano (ADA) Is Listed On Huobi, The Biggest Chinese Cryptocurrencies Exchange, Since Today

Today, Huobi cryptocurrencies exchange, the biggest Chinese one and the second most important exchange in the world, listed Cardano (ADA), a fact that should boost ADA value against the USD.

The listing of Cardano (ADA) on Huobi has been announced via the cryptocurrencies exchange site, earlier:

Cardano (ADA) will be launched on Huobi Pro on April 16, 2018 (GMT+8). Deposits will be available from 14:30, April 16 (GMT+8). ADA/BTC, ADA/ETH and ADA/USDT trading will be available at Main Zone from 14:00, April 17, 2018 (GMT+8). Withdrawals will be available from 14:30, April 19 2018 (GMT+8).

Cardano (ADA) Price Soared After The Announcement Has Been Made

The announcement from Huobi created a very positive sentiment surrounding the Cardano (ADA) crypto coin. The ADA holders and traders were happy to notice that Cardano (ADA) significantly soared up today.

At the moment of this article, ADA is trading at $0.245 increasing by a little more than 12% in the last 24 hours. Even more, ADA is, at the moment, the only top 10 cryptocurrency which shows gains, while the other 9 coins deepened into the “red zone”.

Moreover, Cardano (ADA) is on the second place in the cryptocurrencies market, in terms of the last 24 hours gains, being surpassed only by Populous (PPT).

As Huobi listed Cardano (ADA), the ADA price is expected to increase even more.

What does Cardano (ADA) offer?

Cardano (ADA) is a decentralized cryptocurrency with a very interesting blockchain technology offering smart contracts in a manner that is meant to totally revolutionize the cryptocurrencies market and, subsequently, the blockchain technologies.

Its Ouroboros PoS (proof-of-stake) is an algorithm which dictates how the network nodes reach consensus and “is a crucial part of the infrastructure that supports the Ada cryptocurrency and is a major innovation in the blockchain technologies,” as the official ADA site reads.

In short, Ouroboros is meant to provide a less energy consuming and more scalable proof of work protocol.

In conclusion, Huobi, the biggest Chinese cryptocurrencies exchange and the second in the world, just listed Cardano (ADA) and helped ADA price to soar up, an uptrend which will be kept for the next days, most probably.

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Crypto

Ripple And Apple Partnership Might Significantly Boost Ripple (XRP) Price

As every crypto fan know already, Ripple (XRP) was massively in the news in the last couple of months, especially thanks to the numerous partnerships the Ripple company signed. Now, is the time to talk about another great deal for the Ripple (XRP) – Ripple and Apple partnership might significantly boost XRP price.

Some Ripple (XRP) holders accuse Ripple leaders that they don’t care much about XRP when signing new partnerships blaming them for the stagnation of the crypto coin.

Now, you should understand one fact, namely, that the majority of the banks, financial institutions, and companies that partnered up with Ripple, did it strictly for the Ripple’s payments platforms and not exactly to adopt those platforms that use XRP.

However, even though Ripple’s partners are decided to use only the Ripple’s platforms for instantaneous and secure cross-border transactions, the more companies and banks sign up for Ripple, the more secure is the Ripple (XRP). It’s a cause and effect thing. Not to mention that, eventually, some of these companies and institution might also adopt XRP for various reasons.

Ripple And Apple Partnership Might Boos Ripple (XRP) Price

First, let’s see how XRP is doing right now. At the moment of this writing, XRP is trading at about $0.65, recording a slight decrease of 1.57% in the last 24 hours.

However, XRP has registered a good last week and it gained a lot managing to soar from $0.49 on April 9th.

Now, it is a well-known fact that Apple is eager to implement new technologies so the Cupertino-based company might go straight for the Ripple (XRP). All this, despite the latest news that talked about the Apple’s interest in implementing Ripple’s inter-ledger payment platform.

Needless to say that Apple, as it is not a bank, could benefit by implementing XRP payments for its products and services which would definitely increase Ripple (XRP) adoption, so, the predicted XRP value of $10 for 2018 could easily transform into a $50 for 1 XRP.

In the meantime, I need to say that Apple is a huge company and, in my opinion, this is among the best deals Ripple has ever done and, even if they will not adopt XRP payments, this Ripple and Apple partnership will clearly reflect positively on the Ripple (XRP).

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Crypto News

The Bank Of England Declared That A Decentralized Transactions Blockchain Technology Platform Is “Theoretically Possible”

After having carried out a Proof of Concept (PoC) with the startup Chain, the Bank of England recently published that it came to the conclusion that a distributed decentralized blockchain technology platform with a degree of privacy for sensitive data seems possible.

According to the official report, the research was conducted with the aim of exploring whether the blockchain technology can maintain the levels of privacy required by the banking system participants, at the same time that the information is distributed among all the participating nodes and that the transactions they can be supervised by the regulatory authorities.

The conclusion they reached responds to a doubt expressed by the bank since they began to investigate the technology in 2016

“It seems theoretically possible to configure a distributed accounting system so that transactions remain private while All the data shared in the network are maintained, and at the same time, a regulatory view of all transactions is maintained,” the bank said.

The testing was carried out with a transfer of ownership of a fictitious asset among several participants, including the central bank and a regulatory body. The activity supported by Chain was carried out for exploration and learning purposes, as published by the bank.

In the test, the issue and withdrawal of assets, as well as the granting of access to the general ledger, was the responsibility of the central authority, while the regulatory authority could have access to supervise all transactions.

Although the answer was “theoretically possible” regarding blockchain technology, security issues still need to be fixed

The report highlights that other aspects of the technology of the distributed ledger still “must be explored further” since the blockchain is not yet competitive to process banking transactions in the speed of processing and the scalability of it. An issue that, for the moment, does not make the adoption of blockchain technology viable as a platform for the processing of all transactions, according to the Bank of England statement.

To understand the importance of this test it is necessary to take into account that the privacy of the data has been one of the main concerns of the banks regarding blockchain. A fact that has led banking corporations to develop private blockchain-based solutions such as the one proposed by the Bank of England.

In addition to this proof of concept based on the use of blockchain technology for the banking sector, last March, the Bank of England announced another proof of concept, this time for the support of its gross settlement system, whose results are expected to be obtained by the end of this 2018.

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Crypto

Bitcoin Center, Based in Manhattan, Was The Host For Bitcoin (BTC) Enthusiasts Who Still Put Their Trusts In The Cryptocurrencies Market

At the Bitcoin Center, in Southeast Manhattan, in New York, the most loyal Bitcoin (BTC) enthusiasts want to continue to believe in the bright future of this cryptocurrency, despite the past weeks’ prices drops and a reduction in the regular enthusiasm related to cryptocurrencies market.

“Two months ago we could not breathe here, there were so many people we had to leave people out,” says Nick Spanos, founder of the Bitcoin Center, based in a back room of a restaurant in the neighborhood of East Village serving as a base camp for followers of the Bitcoin (BTC) crypto coin.

On this Thursday, a few hundred BTC enthusiasts were there to exchange Bitcoin (BTC) via a smartphone brokerage applications, enjoy the free buffet, or listen to Nick Spanos.

As another sign of the interest slowdown, the weekly number of searches on Google with the term Bitcoin is 5 times lower than the peak of Google searches for the Bitcoin (BTC) currency in December.

Bitcoin (BTC) investment, as well as with any asset on cryptocurrencies market, is not a “get rich quick” scheme

“I panicked at the end of December,” said Zalman, a 24-year-old digital assets enthusiast who does not give his last name. He made his first purchases a few months before the price spiked, in December 2017.

“The drop was hard to digest even though I knew the course could not go up forever, I did not sell because I believe in the technological revolution behind it [Bitcoin blockchain technology],” he says.

“But then it was enough for me to remember the 2013 bubble to convince me to keep my bet,” he adds in reference to the dip in the course of the Bitcoin (BTC) in 7 days, from $1,137 on November 29th, 2013 to nearly $600 seven days later before a rebound in stride.

It is these recent investors, attracted by a sharp rise in prices at the end of last year, who really suffered from the cryptocurrencies market volatility.

“New Bitcoin (BTC) investors who entered the market when bitcoin was worth $19,000 are disappointed but the community, including those who invested not later than last May, has not lost any money,” notes Michael Casey, the chairman of CoinDesk’s monitoring committee, an information platform on cryptocurrencies market and blockchain technology.

Bitcoin (BTC) investment is not that scam of the “get rich quick” type. “The goal is to keep your bet and ultimately get monetary independence,” said Nick Spanos, who also added that they do not need such cryptocurrencies market investors in their Bitcoin Center.

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Crypto

Bitcoin (BTC) Price Soared Thanks To The Recent Increased Interest In Cryptocurrencies Market

After a long time of being characterized by falls in prices of crypto coins, the cryptocurrencies investors and holders celebrate the rise in the prices of the digital assets on the cryptocurrencies market. In the last hours, all the cryptocurrencies had a constant growth. Bitcoin (BTC), in special, increased by 4% in the last 24 hours.

From December to January, the cryptocurrencies market was only trying to stabilize but until February almost all the crypto coins experienced one of their biggest falls ever.

In total, the cryptocurrencies market went down from $500,000 million to $248,000 million.

Bitcoin (BTC) price shot up in just 1 hour

For example, recently, Bitcoin (BTC), in just one hour, jumped from about $7,000 to above $8,000, this being a price that hasn’t been seen since March.

On the other hand, Ethereum (ETH), the 2nd crypto coin in the world by market cap, increased by more than 6% in the last 24 hours, trading right now around $523.

The Bitcoin (BTC) is currently trading at exactly $8,275.57, registering an increase by about 4%.

This price increase is a bit difficult to explain but everything points to that it is due to the interest of several big investors. Another reason is that there may be entries from private companies.

Some of the possible reasons why Bitcoin (BTC) price soared

George Soros and Venrock Venture Capital, from the Rockefeller investment group, bought Bitcoin (BTC), apparently, as part of their cryptocurrencies investment plans.

In addition, Yahoo Japan announced that it will buy 40% of BitARG, a cryptocurrencies exchange, based in Tokyo. Of course this fact caused new investors to enter the market.

Also, as it is so difficult to understand how the world of cryptocurrencies works, a new Japanese music female band decided to explain how the cryptocurrencies market operates through music. The women, nicknamed after crypto coins,  talk about issues such as data mining and some investment advice that buyers should follow and they do it via the lyrics of their songs.

All these facts seem to helped Bitcoin (BTC) price, in special, to rise up and the cryptocurrencies market, in general, to stabilize.

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