Tron’s DAU Highs but will TRX Respond and Rally?

Tron's DAU Highs but will TRX Respond and Rally?

Tron (TRX) prices drop 3.5 percent

Platform registers new dApp DAU highs

Tron’s superior dApp count and DAU is the reason why Misha Lederman, the network’s advisor of the Dapp Evolution Ecosystem is upbeat. Regardless, TRX prices are under pressure but technically bullish above 3.1 cents.

Tron Price Analysis

Fundamentals

Misha Lederman is a Tron and TRX bull. He’s an ardent supporter as well a certified protector of the network. While Justin Sun has his fair share of criticism, what Tron represents and strive for cannot be dismissed. Adopting a delegated proof of stake consensus algorithm and introducing super representatives, their network is scalable and fast.

However, Tron’s value proposition lies not in their throughput but their TVM. Launched less than three quarters ago, it is compatible with Ethereum’s, and the icing on the cake is perhaps their irresistible offers. Because of that and incentives as Tron Arcade, for example, some projects did shift camps, migrating from Ethereum and settling for speed and scalability. Add that to the successful acquisition and tokenization of BitTorrent, and it is not hard to see why Misha is optimistic. In his latest tweet, he said Tron’s superior dApp and daily active user count is a testament enough of their superiority over competitors and that the platform’s potential is only beginning to show.

Nonetheless, Ton (TRX) is under pressure, dropping 3.5 and 4.3 percent in the last day and week. All the same, technical candlestick arrangements are supportive of bulls. From our previous TRX/USD trade plan, the asset is trending within a bullish breakout pattern as TRX prices oscillate within a 1 cent range with caps at 2.1 cents and 3.1 cents on the upside. Currently, prices are ranging at around the breakout level at 2.5 cents, which is neutral but bullish.

However, it is after there is a sharp move above Apr-30 highs confirming the double-bar bullish reversal pattern ofApr-25-26 that traders can begin loading up with tight stops at Apr-30 lows and targets at 3.1 cents. However, for trend continuation, prices must close above the consolidation at 3.1 cents as buyers of late Dec 2018 flow back.

Technical Indicator

As aforementioned, Tron (TRX) is flat, trading at 2.5 cents. Even so, buyers are in control as long as prices are above 2.1 cents or Jan-14 lows. Accompanying the next wave towards 3.1 cents must be high volumes exceeding 13 million of Apr-25 as laid out in our last TRX/USD trade plan. Conversely, losses below 2.1 cents must be with equally high volumes.

Article Produced By
Dalmas Ngetich

https://www.newsbtc.com/2019/05/04/trons-dau-highs-but-will-trx-respond-and-rally/

Chris Corey

Why Nano-Cap Vislink Technologies Is Ripping Higher

Why Nano-Cap Vislink Technologies Is Ripping Higher

Shares of Vislink Technologies Inc VISL 318.67%,

a global wireless communications solutions provider, were skyrocketing on above-average volume Wednesday. 

What Happened

Vislink announced a $2.8-million contract Wednesday that it won with the U.S. Army to supply intelligence, surveillance and reconnaissance receiver devices. "We are honored that Vislink continues to be a trusted partner to our armed forces, and this latest contract underscores our ability to meet their most stringent requirements," COO John Payne said in a statement. 

Why It's Important

Vislink has had several positive catalysts in recent months. In early June, the company said it bagged $650,000 in orders for HD airborne downlink system equipment and related services from law enforcement agencies in California and Minnesota. The company said in late May that it regained full compliance with all applicable listing requirements of the Nasdaq Capital Market. The recent U.S. Army contract represents about 7% of Vislink's annual revenue of $37.9 million in 2018. At last check, Vislink shares were soaring 331.31% to $7.12 at the time of publication Wednesday.

Article Produced By
Shanthi Rexaline

Benzinga Staff Writer

 

https://www.benzinga.com/news/19/07/14054045/why-nano-cap-vislink-technologies-is-ripping-higher

Chris Corey

Introducing A Strategic Partnership with Cointraffic and Biggico

Introducing A Strategic Partnership with Cointraffic and… Biggico!

In the huge crypto news this week,

Cointraffic has strategically partnered with an affiliate network, Biggico, to offer even more value to crypto advertisers in the blockchain space. What additional opportunities will this partnership create for the industry at large? Read on to find out…

It’s a wonderful day when two like-minded companies in the same space come together to double their output, their creativity and their impact. After all, aren’t two heads better than one? That’s why we’re popping the champagne corks at the latest slice of crypto news in the Coinraffic office – because we’ve just announced a strategic partnership with the affiliate network, Biggico!

⌈Affiliate network, you say? What’s that and how can it help me with my ads?⌋

Well, in a number of ways…

An affiliate network is a platform that serves as an intermediary between an affiliate and an advertiser, via an online referral program where commissions are paid to publishers (in crypto) based on sales they generate through referred customers. Biggico was founded by IT entrepreneurs to meet the needs of what they coined the “cryptoverse”, a rapidly expanding industry where this kind of performance-based marketing simply didn’t exist. So, they built it, complete with thorough tracking, reporting and payment capabilities. Now, Biggico is the largest crypto affiliate marketing platform in the space, with 38 crypto offers, including revenue share, deals up to 45% and cost-per-acquisition (CPA) deals up to $550 on platforms like ICO, Exchange, Forex, Wallet, Cloud Mining, Gambling e-Commerce, and Cybersport.

The latest in crypto news: Cointraffic and Biggico’s strategic partnership.

About the partnership, CEO Dmitry Yelin said: “Both Cointraffic and Biggico operate in one industry. With different business models, we offer complimentary tools in crypto marketing, and our partnership represents an organic, symbiotic relationship, where both companies can grow, win even more of the market, and for their customers – get maximum opportunities at the best price on partner platforms.”

And for the Cointraffic team, that’s really what this partnership represents: a maximum opportunity at the best price for our customers. As a business operating in a space rife with so much opportunity, it’s important for us to stay ahead of the eight-ball with our service offering. We want advertisers who use our platform to have untapped access to the best in crypto marketing with a diverse range of publishers and advertising options, and we’re just as committed to ensuring that the privacy and safety of your bitcoin or ether are upheld, too. 

The major advantage of strategically partnering with a platform like Biggico is that they’re first and foremost a technological platform: developed from scratch and taking into account all features of cryptology; including a robust software for tracking crypto-transactions. Such technology allows them to offer features that are shave-proof and include quick payout, personal managers, minimal limitations, real-time stats and offers upon request for publishers, and for advertisers, they’re completely worldwide, accept all types of traffic and given their location in Belarus (a tax-free haven), can guarantee the best prices and lowest commissions on the market. 

Biggico’s unique offering in affiliate networking.

For you, our customers, that represents a whole new layer of opportunity, diversity, and quality in the ad sets we run – and we’re so excited for you to experience this first-hand. You can start taking advantage of the partnership right now!

Article Produced By
COINTRAFFIC

Cointraffic is the leading bitcoin and crypto-advertising platform globally. Trusted by more than 400 crypto-related websites, you have untapped access to some of the biggest publishers in the industry, as well as their audiences – be it customers, buyers, traders or investors – through advertising solutions that create unparalleled brand awareness for you. Just like the crypto industry, we’re growing all the time – expanding into new geo-locations, languages, advertising block offerings and marketing services (RTB, PR, remarketing and CRO) every day. There’s never been a better time to join us as we help businesses share their brand message like never before.

https://cointraffic.io/blog/news/cointraffic-biggico-strategic-partnership

Chris Corey

Is Bitcoin a good investment?

Is Bitcoin a good investment?

This article is not investment advice.

Instead, it aims to give you a better understanding of what Bitcoin investment involves.

The basics of Bitcoin investment:

  • You can invest in both Bitcoin Cash (BCH) or Bitcoin Core (BTC). They’re two separate digital currencies which can be bought and sold online.
  • There’s no single definition for Bitcoin investment: it depends on what you decide to do. For instance, you might be buying coins to store or trade, or you might try to earn coins by getting involved with Bitcoin mining.
  • As with any type of investment, do your research before spending any money on Bitcoin-related investments and make sure you never spend more than you can afford to lose.

Is Bitcoin investment safe?

  • A quick look at our Bitcoin price charts will tell you that both Bitcoin Cash (BCH) and Bitcoin Core (BTC) can have periods of high volatility.
  • That’s because they’re both new investment opportunities and, as market sentiment around the potential of cryptocurrencies fluctuates, so too does the price of every coin within the space.
  • Predicting these periods of volatility is hard even for experienced traders. But, by doing your research and learning about the different types of Bitcoin investment opportunities (and scams), you can make more educated investment decisions.xxxxxxxxxxxxx
  • Most new investors simply want to purchase Bitcoin and, once they own it, they store it securely for the foreseeable future (aka ‘hodling’).
  • The goal here is that the Bitcoin bought will appreciate in value and, if this happens, the investor can sell their Bitcoin on for a profit.
  • There is no way to predict whether the Bitcoin you buy will increase in value. One of the biggest factors impacting price is usability, so keep up to date with industry news to learn more about the potential of different cryptocurrencies.
  • To purchase Bitcoin, you exchange fiat currency (e.g. USD) for either Bitcoin Core (BTC) or Bitcoin Cash (BCH).

Investing through active Bitcoin trading

  • Trading Bitcoin involves buying either Bitcoin Cash (BCH) or Bitcoin Core (BTC) and, instead of storing it, trading it frequently.
  • The goal here is to buy when the price is low and sell when it rises, meaning a profit is made when the Bitcoin is sold.
  • Bitcoin traders often do this over relevantly short periods of time, closely tracking the market price to determine when to buy and sell.
  • Since there is no way to predict the market, it’s wise to trade with caution and be aware that there are never any guarantees of making a profit.

Investing through Bitcoin mining

  • Bitcoin mining involves trying to ‘earn’ Bitcoin Core (BTC) and Bitcoin Cash (BCH) by lending computational power to the networks.
  • In short, when a computer successfully processes Bitcoin transactions, it’s rewarded with newly-created coins—meaning the owner of the hardware earns Bitcoin.
  • To start mining, you can either buy your own mining hardware or you can rent hardware through a cloud mining contract. Either way, joining a mining pool means you’re more likely to successfully mine Bitcoin (i.e. shared efforts for shared profits).
  • The profitability of Bitcoin mining depends on various factors. Above all, the value of the mined Bitcoin needs to be greater than the cost of running the mining hardware for miners to see a profit.

Avoiding Bitcoin investment scams

  • As with any financial landscape, the crypto space is rife with scammers looking to take advantage of new investors.
  • As a rule of thumb, any investment opportunity that seems too good to be true probably is. For instance, if a site or company claims it can double your Bitcoin or offers high interest rates if you ‘lend’ them your coins, they’re a scam.
  • Likewise, if you’re unexpectedly approached by somebody out of the blue promising to send you more Bitcoin if you first send them some, ignore it.
  • Many people fall victim to scams—especially when the fraudsters pose as well known figures in the crypto space through fake social media and email accounts.
  • Before committing to any investment, thoroughly research the company or website involved to establish whether they’re trustworthy.

Article Produced By
Bitcoin.com

https://www.bitcoin.com/get-started/is-bitcoin-a-good-investment

Chris Corey

What Is the Blockchain Trilemma?

What Is the Blockchain Trilemma?

                                 

Decentralized cryptocurrency platforms such as the Bitcoin (BTC) and Ethereum (ETH)

blockchain networks have allowed users throughout the world to exchange data and monetary value in a peer-to-peer (P2P) way. Most crypto transactions are settled without the need for middlemen or intermediaries – which can result in reduced costs and greater efficiency. However, the blockchains of today face various challenges including technical design limitations such as their inability to scale effectively. The majority of existing blockchains may also be susceptible to various security vulnerabilities and certain distributed ledger technology (DLT)-based networks such as EOS and NEO have been criticized for being prone to centralization.

Technical Challenges: Scalability, Security, and Decentralization

Commonly referred to as the “blockchain trilemma”, the three main challenges faced by public, permissionless, DLT-enabled networks include scalability problems, security-related issues, and ensuring an adequate level of decentralization. While some developers, including the creators of IOTA, believe that the blockchain data structure itself has inherent limitations that prevent it from scaling, many software architects believe that it’s possible to build scalable blockchains. 

Can Proof of Work Blockchains Scale Effectively?

However, most of the newer or second and third-generation blockchains have not been developed using Bitcoin proof-of-work (PoW)-based consensus algorithm. In addition to requiring users to engage in the environmentally harmful process of mining, critics of the PoW consensus protocol argue that it significantly reduces the throughput capacity of a blockchain network. In fact, data from statoshi.info (a website that provides the latest statistics for the Bitcoin network) shows that the PoW-powered Bitcoin blockchain is only processing an average of 3.85 transactions per second (TPS). 

Proof of Stake Chains Might Be Scalable, But Are they Secure?

Since most enterprise-grade applications and modern business networks require a far greater throughput, a large number of newer cryptocurrency platforms have moved away from the PoW-based consensus mechanism. Instead, major blockchain-enabled platforms such as EOS, Cardano (ADA), and Tron (TRX) use some type of proof-of-stake (PoS)-based consensus algorithm to validate transactions on their networks. Although PoS-powered networks generally deliver much higher throughput than PoW chains, there can be certain security risks that might discourage users from adopting the proof of stake consensus model.

Block Producers Allegedly Collude, Engage in “Mutual Voting and Payoffs”

In August 2018, Twitter user Maple Leaf Capital, an EOS investor, alleged that certain EOS block producers including Huobi had been colluding by engaging in “mutual voting and payoffs.” In an excel spreadsheet shared via Twitter (at that time), Maple Leaf revealed that Huobi and many other BPs had consistently been engaging in mutual voting in order to “cement” their positions as EOS network transaction validators. Moreover, Maple Leaf claimed that Huobi had been openly voting for a select few BP candidates in exchange for payoffs in EOS tokens. Indeed, these types of incidents raise serious concerns regarding the effectiveness of delegated proof-of-stake (DPoS)-based blockchains in creating a trustless and open network.

Are Proof of Stake Chains Truly Decentralized?

In addition to network integrity and security-related issues with PoS chains, several analysts have argued that large PoS-powered networks such as Tron and EOS are not truly decentralized. According to many crypto industry participants, a cryptocurrency network may become increasingly centralized when there are only a few network participants that are responsible for validating transactions. For instance, there are only 21 and 27 block producers that validate transactions on the EOS and Tron (TRX) blockchains, respectively.

EOS Downgraded for “Serious Centralization Issues”

Although the creators of EOS and Tron claim their BPs are chosen based on a “democratic” voting process by their community members, critics argue that the control and the responsibility of managing a blockchain-based platform should be more evenly distributed among all network participants. In June 2019, Weiss Crypto Ratings, an organization that assigns ratings to different cryptocurrencies based on their performance and technical design, downgraded EOS due to “serious centralization issues.” One of the reasons why EOS may be considered centralized (to some extent) by some users is due to its controversial voting system – which seems to favor users who have a large stake in the network (holding a large amount of EOS tokens).

Are Proof of Work Networks Decentralized?

While the developers of PoS-based blockchains have been criticized for creating centralized platforms, the PoW-powered Bitcoin (BTC) network might also be prone to centralization. In February 2019, the Canaccord Genuity Group, a Canada-based financial services company, confirmed that GHash.IO, a BTC mining pool, had been controlling as much as 50% of the Bitcoin network’s hashrate.

Researchers at Canaccord had argued that the world’s most dominant cryptocurrency could have been “vulnerable” to a potential 51% attack. In these types of attacks, a single entity manages to acquire the majority of a network’s hashpower and then uses it to engage in double-spending or launch other types of attacks on a blockchain network. However, the research team at Canaccord claims that, as of February 2019, no single BTC mining pool controls greater than 20% of the cryptocurrency’s hashrate. Significantly, only five bitcoin mining pools still reportedly control between 10-20% of BTC’s hashrate. 

Is It Necessary to Solve the Blockchain Trilemma?

Bitcoin (BTC) maximalists have argued that the security and decentralization of a blockchain network are more important than on-chain scalability. Samson Mow, Chief Strategy Officer (CSO) at Blockstream, has said that BTC transactions need not be fast because the leading cryptocurrency’s main use case is to serve as a store-of-value (SoV). Since many BTC supporters, including former Google engineer Vijay Boyapti, believe that Bitcoin’s value proposition does not depend on its ability to mainly function as a mode of payment, they may not think it’s necessary to solve the “blockchain trilemma.” 

Notably, prominent Bitcoin developer Jimmy Song has also stated on several occasions that the BTC blockchain should not be thought of as a technology that requires constant innovation – such as enhancing the network’s scalability. Instead, off-chain, layer-two scalability solutions such as the Lightning Network (LN) are being developed – in order to expedite micropayments made with bitcoin.

Article Produced By
Omar Faridi

https://www.cryptocompare.com/coins/guides/what-is-the-blockchain-trilemma/

Chris Corey

High-Frequency Trading Is Newest Battleground in Crypto Exchange Race

High-Frequency Trading Is Newest Battleground in Crypto Exchange Race

 

                               

The Takeaway

  • High-frequency trading (HFT), a longtime and controversial practice in traditional markets, is becoming commonplace in crypto, too.
  • Placing trading servers physically close to exchanges’ matching engines can win an edge on speed. This helps HFT firms make large profits in the legacy markets.
  • Crypto exchanges such as ErisX, Huobi and Gemini are trying to attract large algorithmic traders with colocation offers.
  • Demand for the service is high, but its benefits are a matter of debate, due to the structure of the crypto market.

A handful of cryptocurrency exchanges are rolling out the red carpet for high-frequency traders. Huobi, based in Singapore, and ErisX, in Chicago, have separately begun offering colocation, in which a client’s server is placed in the same facility or cloud as the exchange’s, officials at each exchange told CoinDesk. This allows those investors to execute trades up to a hundred times faster, giving them an edge over the rest of the market. These exchanges join Gemini, which was one of the first crypto firms to offer colocation at a popular data center in the New York area, and is about to expand the option to include a second site in Chicago. Notably, none of these exchanges charges for the service, seeing it as a way to differentiate themselves. “It’s our competitive advantage,” said Andrey Grachev, head of Huobi Russia, the exchange’s Moscow client office.

To be sure, such accommodations remain rare in crypto, which historically was dominated by individual traders and only recently began to draw interest from institutional investors such as hedge funds and family offices. But the exchanges’ moves are a sign that high-frequency trading (HFT), a longtime and controversial practice in traditional financial markets, is slowly entering the crypto sphere. And though “bots” have been present in crypto since the days of Mt. Gox, colocation takes algorithmic trading to a different level. Eric Wall, former crypto and blockchain lead at Cinnober, a financial technology company acquired by Nasdaq,

told CoinDesk:

“It’s big business, everyone I’ve been speaking to that runs an exchange mentioned being approached by Wall Street types with these kinds of requests.”

Most crypto exchanges are not ready to satisfy this demand, Wall said. These are “very new concepts to many retail-focused exchanges with no experience of the traditional world, it seems.”

800K trades a day

In the six months since Huobi opened its Russia office, around 50 clients have taken advantage of its colocation service by locating their servers in the same cloud and using the same domain name service (DNS) as the exchange, according to Grachev. The option allows these clients to make trades 70 to 100 times faster than other users, he said. “One of our clients makes about 800,000 trades a day, and there are more and more such clients.” Unlike many crypto exchanges that use cloud-based servers, ErisX has a hardware matching engine, located in the Equinix data center in Secaucus, New Jersey, said Matthew Trudeau, the exchange’s chief strategy officer.

The same facility houses the matching engines of a range of major traditional exchanges, brokers and trading firms, Trudeau told CoinDesk, so traders that colocated servers in the data center can connect to ErisX’s matching engine there. (The firm launched spot trading in several cryptocurrencies in April and recently obtained regulatory approval for futures.) Gemini, founded in 2014 by Cameron and Tyler Winklevoss, also houses its primary trading platform at Equinix and offers colocation there. The exchange plans to offer another colocation option soon in Equinix’s Chicago data center, where multiple stock exchanges — and their HFT customers — keep their hardware, according to Gemini’s website.

In a statement, Gemini’s managing director of operations Jeanine Hightower-Sellitto said the exchange “offers a variety of connectivity options to suit our customers’ needs. Each option is available to all of our customers free of charge.” Coinbase, the leading U.S. crypto exchange, almost entered the fray, but this year closed down its Chicago division that had been working on services for high-frequency traders, including colocation. At the time, the exchange cited its prioritization of other institutional services. The company declined to comment for this article. (Gemini, which just opened a Chicago office, hired some of Coinbase’s former employees there.)

Controversial practice

All of this invites the question of whether HFT, given its history on Wall Street, could exacerbate problems in the opaque and volatile crypto markets. As depicted in Michael Lewis’s book Flash Boys, algorithmic stock traders placed their servers in the physical vicinity of exchanges’ to execute trades faster than other investors and make profits on arbitrage between markets in fractions of a second. The issue with HFT, as explained by Lewis, is that in a market where some players can perform trades hundreds of times faster than ordinary users, they get an unfair advantage and leave ordinary, non-algorithmic traders with inferior price options.

Another problem with HFT, according to a 2011 report by the International Organization of Securities Commissions (IOSCO), is that it can dramatically increase volatility in markets. In particular, it contributed to the so-called Flash Crash on May 6, 2010, when the prices of many U.S. securities fell and recovered dramatically in minutes, exposing ordinary traders to a higher risk which they couldn’t manage as quickly as HFTs. High-speed trading has led to other technical glitches that cost companies hundreds of millions of dollars, the Federal Reserve Bank of Chicago wrote in 2012, noting that “some high-speed trading firms have equity ownership stakes in certain exchanges.”

Maturing market

However, ErisX’s Trudeau (who, it should be noted, was one of the early employees of stock exchange IEX, the heroes of Flash Boys) argued that high-frequency arbitrage and automated trading, in general, can benefit markets. They are helping to narrow the price spread between different exchanges over time and make markets more efficient – including the crypto market,

Trudeau said, explaining:

“This phenomenon has occurred in other asset classes as trading has become more electronic and more automated. Market makers and arbitrageurs are able to trade more efficiently, which improves price formation, price discovery and liquidity. Arbitrage opportunities may become fewer and more fleeting, which is a sign of a more efficient and maturing market.”

It’s important, however, to check if the exchanges and high-frequency traders strike deals with preferential terms which are not disclosed to the market, he noted. As for ErisX, it “offers transparent, standardized pricing and connectivity options for our customers. All customs are offered the same terms of access and fees,” Trudeau said. For its part, Huobi tries to make sure all users “compete on a level playing field,” said the exchange’s head of global sales and institutional business, Lester Li.

Li told CoinDesk:

“Our users know that we monitor for any abusive trading activity. We also continually remind users that there will always be risks when you trade, that is why we strongly recommend users to trade within their means and be mindful of the risks involved.”

Protecting retail

Still, other exchanges contacted by CoinDesk made a point of saying they don’t do anything special for algo traders. A smaller exchange tailored for institutional clients, LGO Markets, which launched earlier this year, took the opposite approach, deliberately slowing the trading process for everyone, according to CEO Hugo Renaudin.

Before getting matched, the orders are gathered into batches and the hash of every batch gets recorded in the bitcoin blockchain — each batch takes around 500 milliseconds to form, so this serves as a “speed bump” for trades, Renaudin said. As a result, “every trader has the same feedback on the activity of the platform.” Taking a similar stance, Kraken’s vice president of engineering, Steve Hunt, told CoinDesk the exchange doesn’t do anything differently for HFT customers.

“We want all customers regardless of size or scale to have equal access to our marketplace,” Hunt said. Binance, the world’s largest crypto exchange, is not considering offering colocation, account manager Anatoly Kondyakov told attendees of a recent “elite investor” meetup in Moscow. He gave two reasons. First, “we’re trying to protect retail customers,” Kondyakov said, answering a question from the audience. Second, colocation means an official presence in a particular jurisdiction, he said, which Binance is not willing to do at the moment. (Binance is known for its deft regulatory arbitrage.)

Too soon?

Still, others said the crypto market hasn’t caught up with the traditional financial world to the point where offering colocation services to HFT firms would make much sense. “Currently, the crypto market structure is still developing. HFT, in the context of equity and FX markets, does not really exist,” said Wilfred Daye, head of financial markets at San Francisco-based exchange OKCoin. Traders coming into crypto from the traditional markets do ask for colocation, he said, but “the ask is one-off, not a popular ask in crypto,” so OKCoin doesn’t offer this service.

David Weisberger, ?o-founder and CEO of market data platform Coinroutes, has another reason to be skeptical about HFT in crypto: this market is so much more dispersed and volatile that what works with stocks just won’t with bitcoin. The concept of HFT front-running is irrelevant in crypto, Weisberger said, where the prices vary between different exchanges much more than in

traditional markets:

“In futures or equities, with relatively large minimum quote variations, the bid offer spread is often stable with a lot of bids and offers at the same price. In that circumstance the fastest gets to be at the front of the queue whenever the price changes. Those orders at the front of the queue are profitable, while the ones at the back are not. In crypto, the tick size (price variation) is so small, it is easy to be ‘first’ by paying a slightly higher amount, so no need for incredible speed.”

Plus, crypto exchanges are so scattered around the world that there is no point in “being colocated to one exchange and still having to wait seconds for Binance to update,” Weisberger added. The reason there is demand for colocation at crypto exchanges, he concluded, is simply

human nature:

“People always fight the last war. People do what they are used to.”

Article Produced By
Anna Baydakova

Anna writes about blockchain projects and regulation with a special focus on Eastern Europe and Russia. She joined CoinDesk after years of writing for various Russian media, including the leading political outlet Novaya Gazeta. Anna owns a fraction of ETH.

https://www.coindesk.com/high-frequency-trading-is-new-battleground-in-crypto-exchange-race

Chris Corey

Top Crypto Markets Report Losses Bitcoin Hovers Around 11000

Top Crypto Markets Report Losses, Bitcoin Hovers Around $11,000

                               

The top-20 digital currencies by market capitalization are trading in the red zone

Friday, July 5 — the top-20 digital currencies by market capitalization are trading in the red zone, with only Chainlink (LINK) seeing daily gains, according to data from Coin360. Bitcoin (BTC) has been trading in a narrow corridor from $11,701 to $10,751 as its highest point during the day. The leading crypto has lost 6.25% over the past 24 hours, and is currently trading at $10,969. In terms of its weekly performance, bitcoin has seen a price drop by 2.73%.

Bitcoin has become less correlated with other cryptos in Q2 2019 due to a potential “flight-to-quality” in the recent bull run, according to a Binance report on crypto correlations released today. Average correlation between bitcoin and all other major crypto assets declined to 0.61 from 0.73 in Q1 2019.

Ethereum (ETH) has registered smaller losses on the day, with a 1.89% drop, and is trading at around $287.31 at press time. Its weekly chart shows that ETH fell to as low as $274.62 on July 2, while its highest point was $321.68 on June 30, subsequently correcting downwards and then sideways in the last few days. Earlier today, Justin Drake, an Ethereum 2.0 researcher at the Ethereum Foundation, said that ethereum might decrease issuance ten-fold by 2021.

Coin360 data indicates that Ripple (XRP) is down by 3.15% on the day to trade at around $0.381 at press time. The altcoin’s weekly performance shows that it has lost nearly 9%, while over the past month it is down by 4.84%. On the top-20 crypto list, only LINK is reporting gains, with over 6% up on the day. The coin is trading at around $3.62 at press time. Total market capitalization of all digital currencies is over $320 billion at press time, up from its intraweek low of around $290.5 billion on July 2. The daily trading volume of all coins is currently around $74.8 billion.

Article Produced By
Ana Alexandre

Total change in her career took Anastasia into the world of analytics and business information as a researcher and translator in 2010. Some time later she got into FinTech, a dynamically developing segment at the intersection of the financial services and technology. Ana joined Cointelegraph in September 2017.

https://cointelegraph.com/news/top-crypto-markets-report-losses-bitcoin-hovers-around-11-000

Chris Corey

Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations

Iran Accuses US of Looking to Thwart Its Bitcoin Mining Operations

The U.S. believes Iran is relying on BTC mining as a "tool" to circumvent sanctions, according to Iran's Assistant Minister of Industry, Trade and Supply.

Iran’s Assistant Minister of Industry, Trade and Supply, Saeed Zarandi,

said that Trump’s administration is working to block bitcoin mining in the country, according to local news outlet Fars. After lobbying to get the country out of the SWIFT system, the U.S. now seems to have its eyes set on the recent interest of Iranian citizens in crypto-mining as a productive activity capable of evading the financial sanctions imposed against their country. The U.S. is making it difficult for Iran to get its economy off the ground.

Iran is a Paradise for Crypto Miners, but Miners Are a Nightmare For Iran

Iran is one of the countries with the cheapest electricity in the world. Statistics from Global Petrol Prices reveal that while 1kWh costs on average $0.14 in the U.S., Iranians pay about $0.03 thanks to a government subsidy. Low energy costs make mining extremely profitable. In the latest months, the activity has grown so much that the country’s infrastructure is suffering the consequences of a growth in consumption higher than the power generation capacity. Speaking to Mehr, Ali Akbar Karimi, a member of Iranian Parliament’s Economic Committee, shared his concerns while urging the government to redouble its efforts

to regulate this activity:

“Mining cryptocurrencies has become a common and widespread activity in Iran, and it consumes considerable power which has caused problems for the country, especially in the hot season.”

This problem has led Iranian officials to combat mining with measures such as power cut-offs and direct confiscation of mining equipment

Is All of This Part of a Major Agenda?

If Mr. Zarandi’s suspicions are correct, Iran may be just a piece in the geopolitical and commercial chess game the United States and China are playing right now. China’s government has not shown official interest in promoting BTC mining. The Chinese private sector, however, migrated to Iran to take advantage of its low energy costs and enjoy better benefits from crypto mining, according to Iran’s Minister for Communications and Information Technology, Mohammad Javad Azari Jahromi,

on PressTV.

“A major part of cryptocurrency mining used to be done in China before Iran became attractive for miners …The Chinese government has no plan to be present in the field of cryptocurrency mining in Iran; however, China’s private sector and people may have been involved in this area.”

To this possible boycott, we must add other actions that have strongly harmed the cryptocurrency community in Iran. A little over a month ago, Localbitcoins announced that it would not allow Iranians to use its platform; likewise, at year-end 2018, Binance and other exchanges also withdrew support for the Iranian citizens, complying with the unilateral sanctions imposed by the U.S. government.

Iranians Want to Move Forward

Despite the setbacks, the Iranian government is optimistic and confident that cryptocurrencies can help provide a better future for its citizens. Earlier this year, the government announced the launch of a gold-backed stablecoin and it seems that its citizens also share this interest. Several enthusiasts have shared a variety of projects to promote the ecosystem, with proposals as impressive as that of a skyscraper in the middle of the desert hiding a mining farm cooled by a waterpark. Concept image of a mining farm/waterpark/skyscraper | Source: Designboom Currently, several ministries are working together with the Central Bank of Iran to regulate the local crypto ecosystem, attacking different angles such as mining, transactions, and economic obligations.

Article Produced By
Jose Antonio Lanz

Lawyer, specialist on strategic planning, professor and Bitcoin enthusiast.

https://www.ccn.com/crypto/iran-accuses-us-of-looking-to-thwart-its-bitcoin-mining-operations/2019/07/07/

Chris Corey

Litecoin Outperforms Top-10 Cryptos Ahead of August Reward Halving

Litecoin Outperforms Top-10 Cryptos Ahead of August Reward Halving

                                

With the supply of new coins to be halved in less than five weeks,

litecoin is outpacing its peers. The fourth-largest cryptocurrency by market capitalization is currently trading at $123, representing 5 percent gains on a seven-day basis, according to data source CoinMarketCap. Meanwhile, bitcoin, the top cryptocurrency by market value, is currently reporting a meager 1 percent gain on a weekly basis. Other top-10 cryptocurrencies are trading mixed as seen in the table below.

  • Cardano, down 10 percent, is the worst performing top-10 cryptocurrency over the last seven days.
  • ETH, XRP, BCH, and EOS are flashing red.
  • Binance coin is up a staggering 481 percent on a year-to-date basis, followed by litecoin, up 305 percent.

Litecoin’s recent relatively shining performance could be associated with the mining reward halving due on Aug. 6 this year. The process is aimed at curbing inflation by reducing the coins paid out for mining on litecoin’s blockchain by half. So, after Aug. 6, miners will get 12.5 coins for every block mined – down 50 percent from the current reward of 25 coins. Essentially, miners will be adding fewer coins to the ecosystem, likely leading to less in circulation. The impending supply cut might have helped LTC outperform its peers in the last seven days. While it is logical to expect the cryptocurrency to rise further in the run-up to the event, the upside looks limited. After all, LTC has already witnessed phenomenal growth in both price and non-price metrics so far this year, and is currently up more than 300 percent on a year-to-date basis.

Meanwhile, litecoin’s hash rate, or computing power dedicated to mining, rose to a record high of 468.1019 TH/s this week. Notably, the metric is currently up 220 percent from the low of 146.2118 TH/s seen in December. All-in-all, the market may have largely priced in the reward halving already. In fact, if history is a guide, the probability of LTC witnessing a sharp pullback in the run-up to the Aug. 6 event is high. It is worth noting that LTC had nosedived from $8.72 to $2.55 in 6.5-weeks leading up to the previous reward halving, which took place on Aug. 25, 2015. Technical charts are also signaling scope for a near-term price drop.

While the bullish higher lows, higher highs pattern is intact, the relative strength index (RSI) is reporting a bearish divergence and the 5- and 10-candle moving averages have produced a bearish crossover. As a result, the price risks falling to the 200-candle MA, currently at $221. A violation there would expose the 50-candle MA, currently at $83.00. On the higher side, a high-volume break above $140 is needed to expose the next major resistance lined up at $182 (May 2018 high).

Article Produced By
Michael Williamson

https://www.icogeeker.com/litecoin-outperforms-top-10-cryptos-ahead-of-august-reward-halving/

Chris Corey

LIQUIDATED Cryptopia Exchange Review 2019 Mini Guide

[LIQUIDATED] Cryptopia Exchange Review | 2019 Mini Guide

                                   

What is Cryptopia?

Designed to fill a gap the market needs, Cryptopia is a somewhat different cryptocurrency exchange. It allows users to buy and sell their assets, but, unlike various other exchanges where transactions are taken care of by the exchange itself, Crypto proposes a new model where users can trade among them directly.

How it works?

Not only that, but this all-in-one exchange/trading site also allows anyone to buy, sell, and trade almost any object, product, or service using cryptocurrency, including gift cards. Traders are provided with the option of buying altcoins at whatever prices are being offered by other traders on the platforms, and also sell them at any price just as easily. An important aspect that must be noted is the fact that currencies can be transferred between users free of charge. This transfer passes through Cryptopia and not along the blockchain. Users are also provided with the option of setting up auctions, where cryptocurrencies can be transferred for real items and services.

Exchange Features

Cryptopia is the successful platform it is today mostly thanks to its unique proposition it brings to the market, but also thanks to its large range of features designed to cater to all users’ needs and wants. One of the most interesting (and potentially innovative) features of Cryptopia is the platform’s
Marketplace. It’s the place where users can buy, sell, and trade anything for cryptocurrencies. The Arbitrage is a unique information section where you can see the prices of coins listed on other exchanges. This feature is very useful for newbie users who want to make sure that their
decisions are as informed as possible.

Coininfo is yet another useful feature that provides instant, up-to-date information regarding more than 500 coins supported by the platform. Users can view information such as ratings, connection numbers, wallet status, listing status, and block height.

Paytopia is a service (or product) offered directly by Cryptopia, and it includes a wide array of promotional tools to help users create compelling listings. A surprising feature of the platform is the Lottery. With it, you can participate and win daily and monthly prizes. Lastly, we have
Mineshaft which is Cryptopia’s mining platform. It’s designed to work with multiple cryptocurrencies, and it supports the very best and most popular miners on the market. Best of all, it supports GPU and CPU mining as well.

Exchange Fees

Generally, there are two kinds of fees associated with Cryptopia: exchange fees, and withdrawal fees. The first type of fees depends on which particular currency is being transferred, while the second only applies when withdrawing NZD from an account. When withdrawing cryptos from a
Cryptopia to your wallet, users will have to play a transaction fee as well. Still, overall, the fees are relatively low.

Is Cryptopia Safe & Secure?

Cryptopia is regarded as being a generally secure platform by most within the cryptosphere. Cryptopia does not distribute any personal information it collects from its users. The platform makes use of an HTTPS security certificate, as well as two-factor authentication. At the end of the day, the best proof that Cryptopia is a legit, safe, and secure platform is represented by a large number of users it has.

Conclusion

In a market over-saturated of cryptocurrency exchanges, it’s impressive that Cryptopia manages to set itself apart by coming up with a different proposition. This peer-to-peer, all-in-one exchange supports over 500 cryptocurrencies and allows users to send and receive cryptos from other users without any transfer fees. It also offers a wide range of products and services. On the flipside, without proper research, not all users can get good value out of its offers. Furthermore, more seasoned traders and investors will find the platform to be lacking advanced trading features.

Article Produced By
Stingaciu Erick
Stingaciu Erick

https://theccpress.com/cryptopia-exchange-review-2019-mini-guide/

Chris Corey