Universal Protocol Alliance announces Ethereum-compatible ‘Universal Bitcoin’

The alliance said that UPBTC has been designed as a smart bookkeeping system that logs deposits and withdrawals on a smart contract. In case a …

The Universal Protocol Alliance, a coalition of blockchain and crypto companies formed in August 2018, has announced the launch of Universal Bitcoin (UPBTC) – an Ethereum-compatible Bitcoin that earns an annual 10 percent return through CredEarn.

UPBTC is the latest in the series of tokens and stablecoins released through the Universal Protocol Alliance. It follows the launch of the Universal Dollar (UPUSD) – a stablecoin pegged on a 1:1 ratio to the U.S. dollar.

Dan Schatt, Chairman of the UP Alliance, explained that Universal Bitcoin will make bitcoin “accessible and seamlessly convertible through a single blockchain network.”

“We are bringing Bitcoin to Ethereum in the form of a secure proxy token that can now reason with any Ethereum application,” he said. “UPBTC is the safe, convenient way for anyone to hold and interact with Bitcoin and benefit from the same consumer safeguards, code integrity, transparency and interoperable properties as the Universal Dollar (UPUSD) and every other Universal Token issued through the Alliance.”

According to the official release, UPBTC has been designed with institutional level security in mind. The Universal Protocol Platform contains a request system that can manage whitelists and revoke access to addresses addressing critical security issues associated with compromised keys.

In addition, UPBTC works seamlessly with the Universal Protocol Token (UPT), designed to allow for quick, low-cost conversion of UPBTC to Bitcoin and other digital assets.

“The Universal Protocol Platform brings together Universal Proxy Tokens for all major cryptocurrencies on a single protocol, effectively solving the challenge of interoperability in an elegant and scalable way,” the Universal Protocol Alliance said in an online post.

The alliance said that UPBTC has been designed as a smart bookkeeping system that logs deposits and withdrawals on a smart contract. In case a bad actor intends to down the website housing the transparency page, anyone would still be able to query Ethereum for the data. This would help instill trust and confidence in the system, it said.

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Circle’s Pay App, Investing App, OTC Trading Desk And Poloniex Exchange Product Head Departs

Circle is one of the best-funded virtual currency companies operating in the market. The firm raised $110 million in Series E funding with a company …

Circle’s Head Of Product Divya Agarwalla After Working On It Less Than A Year

According to a recent report released by Cheddar, Circle’s head of product, Divya Agarwalla, left the firm. The executive joined the firm back in January 2018 before launching the stablecoin USD Coin (USDC).

Circle’s Head Of Product Leaves The Company

Agarwalla was leading the development of four different products released by Circle: Circle Pay, Circle Invest, Circle Trade, and Poloniex. Her duties included the development of the USDC stablecoin. Most of the things she had to do were related to product management, user experience design, product analytics and marketing teams.

A spokesperson of the firm confirmed that she left the firm back in November. Nonetheless, she continues working as a consultant at Circle. As Cheddar explains, the spokesperson said that there are no plans to replace her or find a new person for this task.

Circle is one of the best-funded virtual currency companies operating in the market. The firm raised $110 million in Series E funding with a company valuation of $3 billion. In the future, the company seems interested in raising another $250 million.

Circle has launched the digital asset USDC in order to provide solutions to a large range of users that did not feel comfortable using the Tether (USDT) stablecoin. During the last years, there have been several controversies related to Tether and how it operated in the market.

Now, USDC is the 25th largest digital asset in the market with a valuation of $244 million. Companies such as Coinbase have already added support to this digital asset.

Today’s Bitcoin (BTC) Price Prediction: Latest Ethereum (ETH), Ripple (XRP) and BCH Analysis

Achain Hits Market Cap of $9.21 Million (ACT)

Achain can be bought or sold on these cryptocurrency exchanges: Sistemkoin, Cobinhood, Bitinka, OOOBTC, Koinex, CoinEgg, Kucoin, Bitbns, Huobi, …

Achain logoAchain (CURRENCY:ACT) traded 0.9% lower against the US dollar during the one day period ending at 18:00 PM Eastern on March 13th. During the last week, Achain has traded down 3.4% against the US dollar. One Achain coin can currently be purchased for approximately $0.0106 or 0.00000272 BTC on cryptocurrency exchanges including Kucoin, Huobi, Koinex and Coinnest. Achain has a total market cap of $9.21 million and $914,448.00 worth of Achain was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed during the last 24 hours:

  • XRP (XRP) traded 0.9% higher against the dollar and now trades at $0.31 or 0.00008060 BTC.
  • Binance Coin (BNB) traded down 1.6% against the dollar and now trades at $15.12 or 0.00388449 BTC.
  • Stellar (XLM) traded up 2.5% against the dollar and now trades at $0.11 or 0.00002782 BTC.
  • Tether (USDT) traded up 0.3% against the dollar and now trades at $1.01 or 0.00025940 BTC.
  • TRON (TRX) traded 0% higher against the dollar and now trades at $0.0225 or 0.00000577 BTC.
  • Bitcoin SV (BSV) traded down 1.3% against the dollar and now trades at $64.95 or 0.01668177 BTC.
  • NEO (NEO) traded 0.9% higher against the dollar and now trades at $8.97 or 0.00230384 BTC.
  • VeChain (VET) traded down 2.8% against the dollar and now trades at $0.0051 or 0.00000132 BTC.
  • Basic Attention Token (BAT) traded down 2.1% against the dollar and now trades at $0.19 or 0.00004909 BTC.
  • Crypto.com Chain (CRO) traded 9.1% higher against the dollar and now trades at $0.0597 or 0.00001533 BTC.

About Achain

Achain’s genesis date was June 25th, 2017. Achain’s total supply is 1,000,000,000 coins and its circulating supply is 868,850,708 coins. Achain’s official Twitter account is @AchainOfficial and its Facebook page is accessible here. The Reddit community for Achain is /r/Achain_Official and the currency’s Github account can be viewed here. The official website for Achain is www.achain.com.

Achain Coin Trading

Achain can be bought or sold on these cryptocurrency exchanges: Sistemkoin, Cobinhood, Bitinka, OOOBTC, Koinex, CoinEgg, Kucoin, Bitbns, Huobi, Indodax, HitBTC, Coinnest and OKEx. It is usually not presently possible to buy alternative cryptocurrencies such as Achain directly using US dollars. Investors seeking to trade Achain should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Achain using one of the aforementioned exchanges.

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Justin Sun Planning $20M Cash Airdrop and Tesla Giveaway

BitTorrent had its initial coin offering (ICO) in January through Binance Launchpad. It ended in less than 15 minutes, selling $7.2 million in BTT tokens …
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Georgi Georgiev| Mar 13, 2019 | 15:00


TRON founder Justin Sun announced that he is planning to do a $20 million free cash airdrop, in addition to a giveaway of one Tesla vehicle, to a random winner.


$20M Cash Airdrop from Justin Sun

Justin Sun, the founder of TRON (TRX) — the world’s 10th largest cryptocurrency by means of market capitalization — has announced his plans to do a $20 million free cash airdrop.

Prior to the airdrop, however, Sun is also going to give away one Tesla vehicle to a randomly picked winner.

“To celebrate BTT & USDT-TRON success, I am planning a $20m free cash airdrop. Good news – it’s coming, bad news – I may decide to give away more! First, I will randomly pick 1 winner for a Tesla up until 3/27! To apply, follow me and RT this tweet! Simple!”

To celebrate #BTT & #USDT#TRON success, I am planning a $20m free cash airdrop. Good news-it’s coming, bad news-I may decide to give away more! First, I will randomly pick 1 winner for a #Tesla up until 3/27! To apply, follow me and RT this tweet! Simple! #Blockchainpic.twitter.com/wFyzwtB3ur

— Justin Sun (@justinsuntron) March 12, 2019

Apparently, the first phase of the Tesla giveaway will end on March 27 and those who want to participate have to follow Sun on Twitter and retweet his post. So far, it has been retweeted over 29,000 times.

As for the second part of the initiative, which includes the $20m cash airdrop, there’s no additional information shared.

The entire stunt celebrates the success of BitTorrent Token (BTT) and the recent partnership between Tether (USDT) and TRON (TRX). As Bitcoinist reported, Tether is set to be introduced on TRON’s blockchain.

tron trx price

$20M — Why Not?

While $20 million might sound like a lot of money for a giveaway, Justin Sun’s recent moves have brought in a lot more.

BitTorrent had its initial coin offering (ICO) in January through Binance Launchpad. It ended in less than 15 minutes, selling $7.2 million in BTT tokens at $0.00012 a pop. At the time of this writing, BTT trades at $0.00075 — a six-fold increase on any investments made in the digital token during the time of its sale.

It’s also worth noting that, according to the token allocation plan of BitTorrent, 20 percent of the total supply is held by the TRON Foundation, 19.9 percent by the BitTorrent Ecosystem, and 19 percent by the “team.” The total supply of BTT is 990,000,000,000. In other words, approximately 594,000,000,000 tokens are held by entities owned by Justin Sun. At current prices, that’s roughly around $445,500,000.

What do you think of Justin Sun’s $20M cash airdrop and Tesla giveaway? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock, Twitter.

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Kin Hits Market Cap of $22.53 Million (KIN)

Kin (CURRENCY:KIN) traded 3.9% higher against the U.S. dollar during the twenty-four hour period ending … on popular cryptocurrency exchanges including Stellar Decentralized Exchange, Mercatox, DDEX and Bancor Network.

Kin logoKin (CURRENCY:KIN) traded 3.9% higher against the U.S. dollar during the twenty-four hour period ending at 14:00 PM ET on March 13th. One Kin token can currently be purchased for $0.0000 or 0.00000001 BTC on popular cryptocurrency exchanges including Stellar Decentralized Exchange, Mercatox, DDEX and Bancor Network. During the last week, Kin has traded up 27.5% against the U.S. dollar. Kin has a total market cap of $22.53 million and approximately $252,723.00 worth of Kin was traded on exchanges in the last day.

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

  • XRP (XRP) traded 1.9% higher against the dollar and now trades at $0.32 or 0.00008094 BTC.
  • Binance Coin (BNB) traded 0.9% higher against the dollar and now trades at $15.21 or 0.00389166 BTC.
  • Tether (USDT) traded 0.3% higher against the dollar and now trades at $1.01 or 0.00025846 BTC.
  • Stellar (XLM) traded down 1.3% against the dollar and now trades at $0.10 or 0.00002635 BTC.
  • TRON (TRX) traded up 0.3% against the dollar and now trades at $0.0224 or 0.00000573 BTC.
  • Bitcoin SV (BSV) traded 0.6% lower against the dollar and now trades at $65.42 or 0.01673439 BTC.
  • NEO (NEO) traded 2% higher against the dollar and now trades at $9.07 or 0.00232083 BTC.
  • VeChain (VET) traded 3.7% lower against the dollar and now trades at $0.0052 or 0.00000132 BTC.
  • Basic Attention Token (BAT) traded 2.3% lower against the dollar and now trades at $0.19 or 0.00004902 BTC.
  • Crypto.com Chain (CRO) traded 11.5% higher against the dollar and now trades at $0.0618 or 0.00001581 BTC.

About Kin

Kin’s genesis date was May 25th, 2017. Kin’s total supply is 10,000,000,000,000 tokens and its circulating supply is 756,097,560,976 tokens. The Reddit community for Kin is /r/KinFoundation and the currency’s Github account can be viewed here. Kin’s official website is kinecosystem.org. The official message board for Kin is medium.com/kinfoundation. Kin’s official Twitter account is @kin_foundation.

Kin Token Trading

Kin can be bought or sold on the following cryptocurrency exchanges: DDEX, EtherDelta (ForkDelta), CoinFalcon, IDEX, Stellar Decentralized Exchange, COSS, Allbit, YoBit, Fatbtc, HitBTC, OTCBTC, Mercatox, Bancor Network and Stellarport. It is usually not currently possible to purchase alternative cryptocurrencies such as Kin directly using U.S. dollars. Investors seeking to trade Kin should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Kin using one of the exchanges listed above.

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

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