Electroneum (ETN) traded down -7.31 percent to American dollar during the last 24h interval ending 12:45 on December 14th EST. Electroneum …
Electroneum (ETN) Crypto Trading at $0.006189 – Down -7.31 Percent on Exchanges in the Last Day – Market Capitalization Reaches $52,819,951
December 14, 2018
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Electroneum (ETN) traded down -7.31 percent to American dollar during the last 24h interval ending 12:45 on December 14th EST. Electroneum currently has a total market capitalization of $52,819,951 and its twenty four hour volume is about $281,860. In the period over the past 7 days, Electroneum is 1.77 percent against the American dollar with a movement of -0.22 percent during the last hr.
Now take a look at how similar cryptocurrencies have faired since this time yesterday:
Electroneum has a max supply of 8,534,711,804 coins. It was launched on 3rd November, 2017.
From cryptocompare: “Electroneum is the first cryptocurrency that is designed around mobile ubiquity.”
Listed here are some good links should you wish to get more info about Electroneum:
You can buy ETN at exchanges such as Liquid, Cryptopia, EtherDelta, and CoinBene.
It’s not always possible to buy cryptos such as Electroneum right away using dollars. Investors wanting to attain ETN may possibly need to firstly buy Bitcoin or Ethereum using an exchange which has dollar currency trading pairs such as Coinbase or GDAX. Investors can then make use of this Bitcoin or ETH to buy Electroneum using one of the exchanges we outlined previously.
Indeed, at that point, the two most prominent cryptocurrency hard forks — Ethereum Classic and Bitcoin Cash — had each proven to be a boon to …
Around this time last year, many retail crypto investors subscribed to the economic theory that cryptocurrency hard forks — the ones that result in irreversible network splits and create new blockchains — were a net positive for their portfolios. “How could they not be?” they asked. “It’s free money!”
Indeed, at that point, the two most prominent cryptocurrency hard forks — Ethereum Classic and Bitcoin Cash — had each proven to be a boon to investors who held on to the coins on both sides of the split. However, both of those forks occurred either shortly before or amidst a historic crypto market rally that masked weak fundamentals in a variety of projects. Absent the sort of black swan event that the cryptocurrency market experienced last year, it seems that when it comes to truly contentious hard forks, the whole may be less than the sum of its parts.
Bitcoin Cash Price Craters in Month Following Fork
As evidence, one need look no farther than Bitcoin Cash (BCH), which is itself now reeling in the wake of a contentious hard fork that took place in the throes of a prolonged bear market rather than a retail-driven market upswing.
Before the fork, the bitcoin cash price was trading near $500 with an ~$8 billion market cap that ranked fourth among cryptocurrencies. In the month since, BCH has declined to just $82 on Coinbase, representing a more than 80 percent decline. If one subscribes to the “Bitcoin Cash is Bitcoin” philosophy, then the bitcoin price is trading at its lowest price since early 2013. Even if you don’t, bitcoin cash has still fallen 98 percent from its all-time high and now sits at a record low.
Part of that lost economic value did not exit the Bitcoin Cash ecosystem completely but rather migrated to a separate BCH-derived crypto network.
Following the fork, that new cryptocurrency — Bitcoin SV (BSV) — was created, and despite some early struggles its coin price managed to catch up to BCH. At one point, bitcoin sv even surpassed BCH in total market capitalization, though it quickly slunk back below its older sibling and more or less faced a similar plight in the days hence. As of the time of writing, BSV was priced at $77 on Kraken, roughly $5.50 below BCH.
BCH & BSV are Also Plunging against Bitcoin (BTC)
However, the drop cannot merely be attributed to the general market decline, as the combined value of BCH and BSV has also plunged against market bellwether bitcoin (BTC). Prior to the fork, BCH was already trading near an all-time low at approximately 0.08 BTC. Now, bitcoin cash and bitcoin sv are worth a combined 0.048 BTC, and that number shows no signs of finding a bottom anytime soon.
It’s unclear what the future holds for bitcoin cash, bitcoin sv, and the crypto sector at large. However, at least right now, it seems that traders are not confident that both BCH and BSV can thrive over the long-term. Until the market can definitively sort out which of the chains is the true economic heir to the pre-fork BCH, both of them may be fated to play increasingly smaller roles in the crypto marketplace.
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Popular cryptocurrency exchange Coinbase recently donated $10,000 in ZCash (ZEC) to support the GiveCrypto.org project located in Santa Elena de …
Popular cryptocurrency exchange Coinbase recently donated $10,000 in ZCash (ZEC) to support the GiveCrypto.org project located in Santa Elena de Uairen by the Venezuelan border. According to Coinbase’s Medium blog post published on December 11, 2018, the digital exchange believes that donating cryptocurrencies will provide Venezuelan families many benefits which include cross-border accessibility, ease of payments, and access to real-time transfers.
Coinbase CEO Creates GiveCrypto.org Platform
GiveCrypto.org is a non-profit platform founded by Brian Armstrong, the CEO of Coinbase. The platform distributes cryptocurrency tokens to people living in poverty as part of the exchange’s 12 Days of Coinbase Program. Recipients of the GiveCrypto program can cash out the cryptocurrency tokens to their local currency, purchase goods and services they need, and even transact in cryptocurrencies or hold them for the long term.
The $10,000 ZCash donation will provide $1USD worth of cryptocurrencies into the wallets of more than 100 families in the Santa Elena town every day for three months.
Recipients of the cryptocurrency donations can purchase necessary supplies and food at local stores that accept cryptocurrency payments. While $1 does not seem much, Coinbase mentioned that $1 could purchase 1-2 kilograms of protein or 2 kilograms of starches and vegetables. Venezuelan families currently involved in GiveCrypto.org’s program with Bonnum will be recipients of the ZCash donation program. Coinbase believes that donating cryptocurrencies is a better alternative to cash since many Venezuelan families lack reliable access to bank accounts.
Furthermore, even if Venezuelans can access their banking system, the Bolivar is suffering from extremely high inflation levels and is currently very volatile. The cryptocurrency exchange argued that cash gifts could be of little value to the Venezuelans in need, but cryptocurrencies can provide Venezuelans access to GiveCrypto.org’s extensive network of vendors.
While Coinbase and Armstrong have good intentions, they received a large amount of negative publicity from the general public. Many have gone to Twitter, including those who are currently living in Venezuela to vent their frustrations. They believe that Coinbase was leveraging the situation in Venezuela to promote and advertise the cryptocurrency exchange.
Jose Rafael Pena, the editor of CryptoNoticias, a Spanish cryptocurrency news company noted that he does “not see how donations from cryptocurrencies [can] help individuals in Venezuela. I have seen so many campaigns to give away cryptos to individuals, that I only see it as an advertising strategy for those who plan to donate them.”
Bitcoin Red (BTCRED) traded down -8.18% to American dollar during the last 24h time period closing 07:15 on December 14th EST. Bitcoin Red at …
Bitcoin Red (BTCRED) Cryptocurrency Price Down to $0.002592: Down -8.18% in the Last 24 Hours
December 14, 2018
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Bitcoin Red (BTCRED) traded down -8.18% to American dollar during the last 24h time period closing 07:15 on December 14th EST. Bitcoin Red at present has a cap of $53,258 and its twenty four hour trading volume is approximately $77,538. In the interval across the previous seven days, Bitcoin Red is 12.14% against the American dollar together with a movement of 1.36% in the last hr.
Let’s look at how other similar cryptocurrencies have performed since this time yesterday:
Bitcoin Red Information
Bitcoin Red has a maximum supply of exactly 20,550,001 coins. It was launched on 20th October, 2017.
Reported by cryptocompare.com: “BTCRED is a community-driven and blockchain-enabled cryptocurrency working as an ERC20 token by leveraging the best attributes of both Bitcoin and Ethereum.”
Listed here are a few helpful links for those who wish to get more info concerning Bitcoin Red:
Investors can find BTCRED at exchanges like Yobit, EtherDelta,
It’s not necessarily always possible to buy cryptos like Bitcoin Red directly using dollars. Market players planning to attain BTCRED might possibly need to first of all pick up BTC or ETH from an exchange which has got USD trading pairs for instance Coinbase and GDAX. Traders will then make use of this BTC or ETH to purchase Bitcoin Red using one of the trading exchanges we posted previously.
As reported by Coin Rivet, Coinbase recently announced a list of cryptocurrencies which may be added to the platform in the near future. Some of the …
As reported by Coin Rivet, Coinbase recently announced a list of cryptocurrencies which may be added to the platform in the near future.
Some of the more famous ones are:
Aragon (ANT), the decentralised organisation platform
Ripple (XRP), currently second in terms of coin market cap
EOS, the decentralised smart contracts protocol that raised $1 billion
Decentraland (MANA), a decentralised virtual land
NEO, a Chinese-based smart contracts protocol, previously known as AntShares
Just by looking at some of the projects, we can spot some common investors or backers behind the scenes. Not that it shouldn’t be expected, but it was never disclosed directly by the company.
It should be stated, as common practice, Coinbase has been quite open and transparent regarding its dealings, although some minor hiccups occurred during the listing of Bitcoin Cash, as prices rose too quickly and then crashed, leaving some room for insider trading speculation.
Behind the scenes
One of the major shareholders of Coinbase is Digital Currency Group (DCG), founded by Barry Silbert. The company has a wide variety of investments and notably has investments in cryptocurrency projects that have previously been added on Coinbase, as well as some to be listed soon. At the DCG Founder Summit 2018, they revealed that major investments have been made in Zcash and Decentraland. Zcash has recently been listed on Coinbase, while Decentraland is one of the projects expected to be added soon.
Digital Currency Group was also a backer of the Basic Attention Token project and its Brave browser, which was the second ERC-20 token added to the platform. The first ERC-20 token to be listed, 0x (ZRX), faced some controversy with allegations of conflicts of interest between investors at Scalar Capital and Coinbase.
At the time of writing, District0x (DNT) is listed as a partner of the Decentraland project, and both are collaborating with the Aragon (ANT) team. One could almost expect the Aragon token to be listed in the near future as well.
What I can say about the future is that it does look bright for Coinbase and many ERC-20 tokens. I cannot guarantee there aren’t external motivations at play, but if our ultimate goal is to improve user adoption, it seems logical that having more tokens listed on Coinbase is better for everyone.
After all, the more freedom of choice investors have, the better!
Should Coinbase disclose its private interests in some of the cryptocurrency projects out there?
Is it that terrible they’re looking out for themselves?
Disclaimer: The views in this article are those of the author and not necessarily of Coin Rivet.