NVO (NVST) Price Tops $1.34 on Major Exchanges

NVO can be purchased on these cryptocurrency exchanges: Counterparty DEX. It is not presently possible to purchase NVO directly using U.S. dollars. Investors seeking to acquire NVO must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or …

NVO logoNVO (CURRENCY:NVST) traded up 48.1% against the US dollar during the 24 hour period ending at 19:00 PM ET on February 27th. In the last week, NVO has traded down 5.5% against the US dollar. One NVO token can currently be purchased for approximately $1.34 or 0.00012598 BTC on exchanges. NVO has a total market capitalization of $20.06 million and approximately $7,683.00 worth of NVO was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

  • Ripple (XRP) traded down 1.6% against the dollar and now trades at $0.94 or 0.00008883 BTC.
  • NEO (NEO) traded 5.2% higher against the dollar and now trades at $142.15 or 0.01339370 BTC.
  • Stellar (XLM) traded down 1.4% against the dollar and now trades at $0.36 or 0.00003385 BTC.
  • IOTA (MIOTA) traded 4.7% higher against the dollar and now trades at $1.97 or 0.00018530 BTC.
  • TRON (TRX) traded up 1.7% against the dollar and now trades at $0.0426 or 0.00000401 BTC.
  • VeChain (VEN) traded 7.1% lower against the dollar and now trades at $5.20 or 0.00048982 BTC.
  • Tether (USDT) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00009418 BTC.
  • Binance Coin (BNB) traded up 7.3% against the dollar and now trades at $10.68 or 0.00100654 BTC.
  • Populous (PPT) traded down 2.5% against the dollar and now trades at $21.44 or 0.00202048 BTC.
  • RChain (RHOC) traded down 10.3% against the dollar and now trades at $1.82 or 0.00017172 BTC.

NVO Profile

NVO launched on May 14th, 2017. NVO’s total supply is 15,000,000 tokens. The Reddit community for NVO is /r/NVO and the currency’s Github account can be viewed here. NVO’s official website is nvo.io. NVO’s official Twitter account is @nvoexchange and its Facebook page is accessible here.

According to CryptoCompare, “The NVO project makes use of the Safenetwork, a distributed file storage system and a distributed computing system, to build a fully decentralized exchange in which users can trade crypto assets in a trustless manner. The NVO token is a CounterParty asset issued on the Bitcoin blockchain. 50% of all fees per trade on the exchange will be automatically distributed to addresses with NVO tokens on a weekly basis. “

Buying and Selling NVO

NVO can be purchased on these cryptocurrency exchanges: Counterparty DEX. It is not presently possible to purchase NVO directly using U.S. dollars. Investors seeking to acquire NVO must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase NVO using one of the exchanges listed above.

Receive News & Updates for NVO Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for NVO and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

Related Posts:

Hacker Returns $17m Worth of Stolen Ethereum

In July 2017, CoinDash lost millions of dollars worth of Ethereum almost immediately upon launching its initial coin offering (ICO). … CoinDash has notified the Counter Cyber Terrorist Unit in Israel, where the company is based, and has made it clear that “the hacker’s Ethereum address will continue to …
· February 27, 2018 · 7:30 pm

In a shocking turn of events, an anonymous hacker has once again returned stolen ETH tokens to CoinDash – a tool aiming to help users manage, track, analyze, and “get a bird’s eye view” of their crypto assets.


In July 2017, CoinDash lost millions of dollars worth of Ethereum almost immediately upon launching its initial coin offering (ICO). After the devastating loss, CoinDash promised to compensate investors with the equivalent amount of CoinDash tokens, while stating:

This was a damaging event to both our contributors and our company but it is surely not the end of our project.

Shockingly, one alleged hacker apparently had a change of heart and returned 10,000 ETH to CoinDash in September 2017 – but this would not be the last of the unexpected returns.

On February 23 – only days before the company’s official product launch – CoinDash revealed another 20,000 ETH has miraculously been returned to the company, stating in an official blog post:

Today at 12:01:41 AM +UTC, 20,000 ETH were sent back from the hackers address (FAKE_CoinDash) to one of CoinDash’s ETH accounts …

Ethereum

CoinDash has also stressed that this unexpected turn of events “will not jeopardize the company’s plan and commitment to our community.” Wrote CEO Alon Muroch:

Similar to the hack itself, the hacker’s actions will not prevent us from the realizing our vision, CoinDash product launch will take place next week as originally intended.

CoinDash has notified the Counter Cyber Terrorist Unit in Israel, where the company is based, and has made it clear that “the hacker’s Ethereum address will continue to be tracked and monitored for any suspicious activity.”

But Why?

Perhaps the most suspicious thing about all of this activity is that the stolen ETH has been returned at a much more valuable price than when it was stolen, meaning CoinDash has, technically speaking, profited from the stolen ETH in question – though, the cost of their damaged reputation is unknown.

This surprising turn of events has led to some theories that the stolen and subsequently returned ETH was an inside job or a PR stunt. Others have theorized that the hackers found themselves unable to do anything with the stolen ETH after the criminal wallet was blacklisted as “Fake_Coindash,” and thus simply returned it in an attempt to minimize potential charges levied against the culprits, should they be caught.

Why do you think the hackers returned the stolen ETH to CoinDash? Was it an inside job as some have theorized? Let us know in the comments below!


Images courtesy of Shutterstock, Bitcoinist archives.

Related Posts:

  • No Related Posts

Will bitcoin go to zero?

… once was—especially with bitcoin’s meteoric price rise late last year revealing structural flaws, including inefficient payment settling, vulnerability of centralized exchanges (anathema to Satoshi Nakamoto’s original vision) and the inappropriateness as a means of exchange for day-to-day transactions, …
  • Share:

The bitcoin headlines are still coming in hard and fast, despite a harrowing decline from the December high near $20,000. The sentiment bubble remains intact; even if the price bubble has been somewhat deflated.

Consider that 59% of last year’s ICOs have failed or are failing, encouraging some triumphant “I told you so!” from skeptics who now leer at quieted Twitter accounts, downed websites and other digital graveyards of those looking to cash in on the boom.

This led Goldman Sachs analysts to wonder in a widely circulated research note earlier this month, “Is bitcoin a (bursting) bubble?” To be sure, both the bitcoin bulls and the bears have plenty of support to lean on.

There was another recent high-profile theft, with Japanese exchange Coincheck confirming the loss of more than $500 million worth of digital coins. There was the death of a South Korean regulator looking to crack down on cryptocurrencies. And crypto prices in general seem to be correlated with stock prices and are thus vulnerable to a quickening of monetary policy tightening worldwide.

Positives include more governance/network/hard fork-related progress, with “Bitcoin Core” rolling out Segregated Witness (SegWit) in an effort to correct glaring inefficiencies in the transaction network. The launch of Venezuela’s “petro,” a state-run oil-backed crypto deployed as a last-ditch effort to avoid defaulting on the country’s $60 billion debt, echoing Russian efforts to launch the “CryptoRuble.” And, earlier this week, the purchase by Goldman-backed Circle, a money transfer app, of crypto exchange Poloniex for about $400 million.

The future of bitcoin

At the highest level, Goldman’s take is that bitcoin is likely in a bubble, that the underlying blockchain technology holds promise, and that bitcoin (and other “first-generation” cryptocurrencies that are unlikely to survive) enjoyed characteristics that were uniquely conducive to the current speculative mania.

They view bitcoin as comparable to the Mosaic web browser and the Alta Vista search engine, which popularized internet access and search but eventually lost their first-mover advantage to the likes of Netscape and Google. Amazon‘s recent ability to muscle its way into established areas like streaming television and meal delivery also shows that being first in something is no longer the boon it once was—especially with bitcoin’s meteoric price rise late last year revealing structural flaws, including inefficient payment settling, vulnerability of centralized exchanges (anathema to Satoshi Nakamoto’s original vision) and the inappropriateness as a means of exchange for day-to-day transactions, given the extreme price volatility.

Volatility rate of bitcoin vs. other assets

Instead, bitcoin morphed into a near-term store of value powered by far-off hopes of widespread adoption and dominance. The technology was vague and amorphous enough that proponents could ascribe near-mystical qualities when the reality today is a hackable, unregulated, shadow banking alternative with a reputation for funding the despicable.

And unlike any other commodity—say, oil or gold or Dutch tulips—supply could not react to higher prices by increasing output. When more miners want more bitcoin, the hash rate will scale difficulty. Thus, the rate at which new bitcoins are “discovered” is kept relatively stable at about 75 per hour.

But the rush by miners makes the bitcoin network massively power-hungry, carbon-intensive and, frankly, unsustainable, with its power consumption expected to match current worldwide levels by early 2020.

Steve Strongin, head of Goldman Sachs Global Investment Research, warns that institutional investors shouldn’t just be asking if bitcoin is a bubble or has market structure problems, but also whether today’s cryptocurrencies will even exist five or 10 years from now. His answer: “It’s possible but not probable,” as a better implementation of blockchain technology—or a successor to it—will play a larger role in the economy.

As a result, the cryptocurrencies that don’t survive are likely to “trade to zero,” a risk that Strongin believes is broadly underappreciated right now.

Any potential bitcoin 2.0 candidate will need to address the following issues, according to Strongin and his peers at Goldman Sachs:

  • To become a means of exchange, widespread adoption by everyday retailers and service providers would be necessary
  • The fact that modern fiat currencies, the regulated banking system and current payment processing systems function well and are rapidly innovating, with examples including Apple Pay and Venmo
  • Overcoming gold’s advantages—mainly, reputable and secure custodial services—as a means of storing wealth outside the banking system
  • The relative ease of creating “alt coins” based on bitcoin’s blockchain platform, which enjoys no intellectual property protections

At the other end of the spectrum, Dan Morehead, CEO of crypto-focused investor Pantera Capital, believes bitcoin’s fair value could be approximately $500,000, per the Goldman note, based on his estimates of market share capture from areas of disruption, including international money transfers, credit card transactions, gold and other wealth stores, and fiat currencies.

But even Morehead admits there are areas where current blockchain technology is falling short of its objectives and that 90% of the altcoins and ICOs being issued right now will go to zero. His advice? Aggressively diversify to “craft a portfolio that will have some losing assets, but also a couple of truly transformative winners.”

Related read: Bitcoin eclipses Tulip Mania as bubble talk grows

  • Share:

Related Posts:

VeriCoin Trading Up 10% This Week (VRC)

VeriCoin can be bought or sold on the following cryptocurrency exchanges: Bleutrade, Cryptopia, Poloniex, Bittrex, CoinEgg and Livecoin. It is not currently possible to buy VeriCoin directly using US dollars. Investors seeking to trade VeriCoin must first buy Bitcoin or Ethereum using an exchange that …

VeriCoin logoVeriCoin (CURRENCY:VRC) traded 18.5% higher against the U.S. dollar during the 24 hour period ending at 19:00 PM E.T. on February 27th. VeriCoin has a market capitalization of $28.60 million and $3.06 million worth of VeriCoin was traded on exchanges in the last day. During the last seven days, VeriCoin has traded up 10% against the U.S. dollar. One VeriCoin coin can currently be bought for $0.93 or 0.00008699 BTC on popular cryptocurrency exchanges including Livecoin, Bittrex, Bleutrade and Poloniex.

Here’s how other cryptocurrencies have performed during the last day:

  • ECC (ECC) traded 4.4% higher against the dollar and now trades at $0.0019 or 0.00000018 BTC.
  • SaluS (SLS) traded 4.4% lower against the dollar and now trades at $35.46 or 0.00332461 BTC.
  • PoSW Coin (POSW) traded up 4.1% against the dollar and now trades at $0.55 or 0.00005187 BTC.
  • OKCash (OK) traded up 0.5% against the dollar and now trades at $0.25 or 0.00002318 BTC.
  • Gambit (GAM) traded 4.8% higher against the dollar and now trades at $14.39 or 0.00134932 BTC.
  • LoMoCoin (LMC) traded down 1.6% against the dollar and now trades at $0.0699 or 0.00000656 BTC.
  • Profile Utility Token (PUT) traded up 17.1% against the dollar and now trades at $0.64 or 0.00005981 BTC.
  • Linda (LINDA) traded 5.8% lower against the dollar and now trades at $0.0015 or 0.00000014 BTC.
  • Sphere (SPHR) traded 2.2% higher against the dollar and now trades at $2.99 or 0.00028000 BTC.
  • RussiaCoin (RC) traded up 3.8% against the dollar and now trades at $0.98 or 0.00009146 BTC.

About VeriCoin

VRC is a PoW/PoS coin that uses the Scrypt hashing algorithm. Its genesis date was June 7th, 2014. VeriCoin’s total supply is 30,828,150 coins. The Reddit community for VeriCoin is /r/vericoin and the currency’s Github account can be viewed here. VeriCoin’s official Twitter account is @VeriCoin. VeriCoin’s official message board is www.vericoinforums.com. VeriCoin’s official website is www.vericoin.info.

According to CryptoCompare, “VRC is designed to reduce the PoW phase and enter PoS phase quickly. With a steady block reward and block time of sixty seconds, the PoW phase is designed to finish after the first few weeks of launch – 10/05/2014. The PoS interest rate is dynamic and depends on how much the coin is held and staked in the PoS. The dynamic interest rate is pegged at a sensible level of between 0-3% roughly. The PoS interest is gained through transaction fees which are also distributed to the Vericoin fund – to aid in development and promotion of the currency. There was no premine. “

VeriCoin Coin Trading

VeriCoin can be bought or sold on the following cryptocurrency exchanges: Bleutrade, Cryptopia, Poloniex, Bittrex, CoinEgg and Livecoin. It is not currently possible to buy VeriCoin directly using US dollars. Investors seeking to trade VeriCoin must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy VeriCoin using one of the aforementioned exchanges.

Receive News & Updates for VeriCoin Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for VeriCoin and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

Related Posts:

BVOD (Blockchain Video on Demand), “Crewfunding” and VR Enthusiasm at the EFM’s Horizons …

Artificial intelligence (AI), the blockchain and mixed reality were at the center of the recently completed Berlin Film Festival’s newly expanded Horizons section. Taking place within the European Film Market (EFM), the 2018 program’s focus on buzzy technological innovations bucked the predictions of …
The VR Now Event at Berliner Freiheit (Photo: Lia Darjes / European Film Market 2018)

Artificial intelligence (AI), the blockchain and mixed reality were at the center of the recently completed Berlin Film Festival’s newly expanded Horizons section. Taking place within the European Film Market (EFM), the 2018 program’s focus on buzzy technological innovations bucked the predictions of some skeptics by drawing sold-out crowds and with several tech companies choosing the festival to launch their platforms.

The continued expansion of virtual reality (VR) was also in discussion, with a wide range of projects, including the virtual behind-the-scenes of Wes Anderson’s opener Isle of Dogs, available for viewing in the festival’s inaugural VR cinema.

EFM Director Matthijs Wouter Knol explained at the event that the industry is in a digital transformation. Blockchain technology and artificial intelligence, he said, will affect the way the film industry does business, and the way it will choose films to fund, buy or sell in the future. “They [AI and blockchains] offer the possibility to rethink how systems are working and for us to find out if and how the involved changes are adaptable to the film industry,” he said.

Blockchains

Bewildered yet curious filmmakers attended the blockchain workshop, where a range of startups and executives explained the fundamentals behind the decentralized system that uses cryptography to create and keep secure exchanges and crypto-currency to process financial transactions.

“We should not confuse this with bitcoin,” insisted Digital Media and Blockchain consultant Manuel Badel, who separated the utility of blockchain technology from the current spate of ICOs (initial coin offerings), which can appear to be nothing more than digital currency “pump and dump” schemes. He instead said the blockchain would ultimately find uses outside of pure currency exchange and offer alternative ways for both film industry individuals and companies to conduct business. Badel provided examples where the service could benefit media organizations, including intellectual property (IP) protection, digital rights management for tracking royalties, automated contracts with stakeholders, residual payment systems for production members and distribution companies, crowdfunding support, open sourced creative collaboration like scriptwriting and decentralized content distribution.

Announced during the EFM was Swedish start-up Cinezen Blockchained Entertainment AB, that deems itself the first decentralized and community-driven blockchain video-on-demand (BVOD) distribution model. Sales agents including Denmark’s Level K and the UK’s Celsius Entertainment have come on board, signing worldwide BVOD agreements that are similar to licensing for transactional video-on-demand (TVOD), except that consumers pay for the content with Ethereum, the world’s second largest crypto-currency after Bitcoin. The system does not require invoicing and royalty reporting as every content provider is part of a blockchain network that has direct access to ”incorruptible and transparent transaction data”.

Since the project started in August 2017, Cinezen’s CEO and co-founder Sam Klebanov has met with over 250 rights holders, both sales agents and local distributors, with, he says, an overwhelmingly positive response. The company vets an official launch later this year, while an alpha version will be made available for public testing before Cannes.

Further demonstrating how quickly blockchain technology is finding practical purposes within the film business, Glenn O’Farrell, a lawyer and CEO of Toronto-based public media organization TFO, said at the event that use of the blockchain is already enabling TFO to reduce costs and billing complexities by removing intermediaries and allowing the organization to deal directly with financial partners.

Several businesses within EFM’s Startup section, where technology businesses are coupled with film professionals, also included blockchain within their business models. Based out of London and New York, Big Couch co-founders Irina Albita and Maria Tanjala have coined the term “crewfunding” as part of their business strategy, which utilizes blockchain to help independent film producers fund their films. Toronto-based research and development studio Three Lefts meanwhile has developed a “smart contract” program using blockchain solutions. And Harold Dumur, founder of Montreal-based OVA, is integrating blockchain to his open sourced platform that allows non-professionals to develop their own VR/AR environments.

Additional speakers included Berlin/Brandenburg-based Chris Hobcroft whose open-sourced video-sharing company LivePeer is using blockchain to create a live streaming platform in which all participants have the ability to shape the business, rather than one single company or individual. Hobcroft is also using currency tokens as a means to further drive the business financially.

“It’s the way forward,” insisted Matthew Rappard, CTO and co-founder of Three Lefts. “Think about a production where you can easily hire non-union actors and crew members, where you can more efficiently work with third-party rights holders and where you can easily follow the trail of money for residuals. Then in one click, everyone can quickly be paid.”

Rappard also mentioned Disney has its own blockchain titled Dragonchain that allows the multi-faceted conglomerate to better interact with its studios, subcontractors and third party organizations.

Artificial Intelligence

The complexities of artificial intelligence were broken down in another panel, with “machine learning” as the on-topic buzz word. The group of panelists included Robert Richter, Google’s EMEA Partnerships Solution Exec, who explained that the function of machine learning is to give computers the ability to learn pattern recognition. Richter gave examples such as contextual ad targeting, that matches keyword-targeted ads to sites within the Google Display Network to assist advertisers focused on performance and cost-efficient conversions. He also referred to the company’s translation API that VICE is currently using to expand its global reach, as well as Google’s video intelligence API that allows users to search every moment of their video file within their catalogue.

“Imagine you have a large archive, or you have a lot of content from a film production, and you want to search for a specific moment. The pre-trained API can find it in seconds,” said Richter.

Specifically on the film side, Scriptbook was on hand to explain their script analysis platform that utilizes a stacking of algorithms to determine a script’s “DNA.” Using Suburbicon as an example, the company’s co-founder Nadira Azermai explained they correctly predicted its financial forecast through an analysis of the script’s projected cast and crew, its characters’ sentiments and a comparison to other like-minded films.

“Our machine learning algorithms are capable of automatically reading and analyzing a script, and from there generating an assessment of a film’s commercial value prior to financing, producing and distributing,” said Azermai.

Dr Marion Jenke of German film and television production company UFA GmbH was quick to put her hand up, insisting the likes of predictive analysis can be limiting. She used an example of an ad they placed on the television program Deutschland 83 whose audience trajectory was different than what the algorithms suggested was appropriately targeted for the popular German spy series.

“We wanted to be creative, we wanted to target different types of audiences, and it worked,” said Jenke, who was also dismissive of the secretive algorithms that the likes of Amazon and Netflix rely on.

Other topics of discussion were 20th Century Fox’s trailer for the 2016 film Morgan in which the marketers hired IBM supercomputer “Watson” to select the most appropriately dramatic scenes for a human editor to include. Richter said this process didn’t replace the human editor but instead sped up the process, allowing the editor to focus on more creative tasks. While this type of AI is still in the early stages, Richter said it’s likely the industry will see more of this type of footage evaluation in the near future. “We’re seeing how AI can make more interactive viewing experiences for less of the costs, while helping creators personalize content,” he explained.

Mixed Reality

While VR and AR may seem like they have taken a quieter turn, industry executives at the VR NOW Summit Day insisted the medium is still in full swing.

Following on from Sundance where CityLights acquired the three-part VR series SPHERES for a low-to-mid seven figures and where Dogwoof purchased the 15-minute interactive VR experience Zikr: A Sufi Revival, which also includes location-based installations and an interactive online version, chief content officer and co-founder of Littlstar Matthew Collado said his premium VR network would now start charging for content.

The move is integral for VR creators like Montreal-based Felix & Paul, whose work — Wild and Isle Of Dogs Behind The Scenes co-created with FoxNext (formerly Fox Innovation Lab); the Emmy-winning The People’s House (centering around eight years of the Obamas at The White House) and the eye-popping Cirque du Soleil piece, Dreams of ‘O — is helping to drive the medium forward.

“We are constantly working out how to streamline our budgets since financing is still not there yet,” said Felix & Paul co-founder Stephane Rituit. “We need to demonstrate there is a market, so for networks like Littlstar to start charging is important. This helps us better convince investors.”

Both Rituit and Collado were also excited about the continued innovation on the technology side, with handset creators such as Oculus, Google and HTC Vive working on less expensive standalone headsets that won’t require a device.

Furthermore, Samsung’s second-generation 360 camera has faster connectivity and support for more devices and Sony Playstation’s latest Gold Wireless Headset is lighter, more comfortable and works with Sony’s PS VR console as well.

“These are ways we can entice people to try VR,” explained Collado. “But we need to keep focusing on content. Right now, we rely heavily on established IPs and marketing budgets.”

Rituit said Felix & Paul Studios are working hard to change this, with upcoming projects such as Vikings Valhalla, where MGM is giving them “carte blanche to explore VR, and not marketing.”

Antoine Cayrol of France-based Atlas V, who helped co-produce SPHERES, also said extending content across both linear and non-linear platforms, such as VR apps, YouTube channels, location-based VR and three-screen devices, is key to attracting audiences to the work.

“It’s just like releasing a film — we have to think in terms of getting am A-list cast and film-makers attached, followed by minimum guarantees, co-production financing and support from government funds, as more countries are realizing there is a market for VR,” added Cayrol.

MK2’s Senior Sales Executive Victoire Thevenin said the company’s foray into location-based VR continues to expand, as does their acquisition of VR series which they can distribute as individual segments or together as a series.

The session concluded with a look at the continued growth of MR, with all panelists eager to see this year’s roll-out of Magic Leap One’s mixed-reality headset with Digital Lightfield technology and the Microsoft MR capture studios that are opening in San Francisco and London. Apple is now also touting their ARKit with the iPhone X that combines device motion tracking, camera scene capture and advanced scene processing.

“The market is going to change very quickly once mixed reality makes its way into the consumer market. But first, we need more content,” said Cayrol.

EFM Director Wouter Knol added, “EFM’s new VR cinema allowed producers of VR content to book market screening slots, similar as they would for theatrical films. It is evident there is a growing demand to experience and buy VR content.”

Related Posts:

  • No Related Posts