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Ethereum [ETH] v. Tron [TRX] Price Analysis: Coins record significant gains as market surges

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Ethereum [ETH], the largest altcoin in market, had a market cap of $28.39 billion and 24-hour trading volume of $10.71 billion. The coin was valued at $267.27, with a recorded hike of 7.47% over the 24-hour cycle.
Tron [TRX] recently grabbed the attention of the community after Justin Sun tweeted about Tron and BitTorrent, stating that he would be making a “huge and amazing announcement” soon. The coin was priced at $0.032, rising by 9.66% over the last 24 hours. TRX reinforced its 11th position on CoinMarketCap, with a market cap of $2.15 billion.
1-Day ETH
The main uptrends for the cryptocurrency were displayed from $157.58 to $263.44 and from $266.09 to $268.96. Resistance was found at $271.12 and support was bolstered at $130.92.

Bollinger Bands showed an expansion in volatility as the bands were diverging, making space for more price developments.
Awesome Oscillator exhibited a bullish purchasing opportunity.
Chaikin Money Flow showed that cash streaming into the market was higher than the capital flowing out.
1-Day TRX
TRX recorded three uptrends in the span of two months. First uptrend was from $0.025 to $0.030, second uptrend was from $0.029 to $0.030, and the third uptrend from $0.030 to $0.032. TRX was challenged by resistance at $0.033, and the support lines were situated at $0.023.

Bollinger Bands revealed an increase in volatility as the bands were diverging.
Awesome Oscillator showed a bullish opportunity in the market as it displayed stable movement over the zero-line.
Chaikin Money Flow indicator suggested that money gushing into the market was higher than the capital flowing out. However, the CMF was barely above zero.
Both ETH and TRX remained on a bullish course. However, some bearish signs were pictured as well.

Crypto Exchange Coinbase Adds Support for XRP on Retail Platform and Mobile Apps

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United States major cryptocurrency exchange Coinbase has added support for Ripple (XRP) to its retail platform and mobile apps. The exchange announced the development in a blog post on Feb. 28.
The announcement states that Coinbase’s users can now purchase, sell, convert, send, receive, and store XRP both on and the Coinbase Android and iOS apps.
As usual, the service will reportedly be available for most jurisdictions, however it will not initially be available for residents of the United Kingdom and the U.S. state of New York.
On Feb. 25, Coinbase announced support for XRP on its Coinbase Pro platform. In the announcement, Coinbase stated that full trading of XRP will be available to customers in the U.S., Canada, the European Union, the United Kingdom, Singapore and Australia, while also planning to expand its services to other countries at a later date.
Following the news, blockchain research firm Diar released a report stating that XRP is violating one of Coinbase’s listing rules. Per the report, in its “Digital Asset Framework,” Coinbase states that "the ownership stake retained by the team is a minority stake," while Ripple purportedly holds around 60 percent of the supply in escrow with a release schedule.
XRP has not yet reacted the news, up by just 0.4 percent on the day and trading at around $$0.313 at press time, according to data from CoinMarketCap. The altcoin has seen a major dip today before recovering, having dropped to as low as $0.309 earlier today.

Ethereum’s Constantinople, St. Petersburg Upgrades Have Been Activated

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The Constantinople and St. Petersburg network upgrades for the world’s second largest cryptocurrency, Ethereum’s (ETH), occurred today Feb. 28, according to
Specifically, the updates went live on the main network at block 7,280,000, in accordance with previously released schedule. Although the upgrade has two names of two originally separated updates, they have subsequently been combined into one.
Per, not all Ethereum users have adopted the updates. Only 22.3 percent of Geth and Parity clients are reportedly already running the Constantinople-compliant version.
Constantinople is set to bring multiple efficiency improvements to the platform, including cheaper transaction fees for some operations on the Ethereum network. As previously reported, the Constantinople hard fork was delayed in January due to a newly discovered vulnerability.
The St. Petersburg upgrade is meant to delete a previous update, Ethereum Improvement Proposal (EIP) 1283, from Ethereum’s test networks, since that EIP had been identified to have security vulnerabilities.
In January, major United States cryptocurrency exchanges Coinbase and Kraken became the latest to confirm support for Ethereum’s upgrade. The two exchanges join Binance, Huobi and OKEx, who had started to monitor the event before its first implementation attempt.
At press time, ETH is up 2.59 percent over the day and is trading at around $137.19. The altcoin started the day around $132, according to CoinMarketCap.
Specifically, the updates went live […]
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Ethereum Classic (ETC): Price Analysis, Feb.08

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Ethereum Classic Price Analysis – ETC/USD

Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It offers a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine, which can execute scripts using an international network of public nodes.
The 17th largest cryptocurrency – Ethereum Classic with its current market cap traded at $425,959,031 (09:38 UTC) on February 08 dropped in current value by 30.5% compared to January 06 as analyzed from the graph above. The significant fall in profit was due to the strong bearish pressure, macro factors and courses competitive forces from around the world. The ETC/USD pair gained in value by 15.2% relative to December 06.
However, the ETC/USD pair remained ‘uptrend’ from December 18 to January 06 as interpreted from the graph above which signifies the bullish trend.
Both the moving averages have declined since October 28 last year thereby creating downward pressure over the value as interpreted through the line in the graph above. Since current value trades below the 20-day EMA, which signifies ‘downtrend’ in value. However, the current value is supposed the 20-day EMA thereby creating “upward” pressure. It is just that for the time being the ETC/USD pair remains in bearish pressure. However, those that long awaited to invest in this altcoin, they may start executing the transaction to the extent that the next “uptrend” takes place.
Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The ETC /USD pair remained range bound from December 17 to December 26 last year, as the cryptocurrency rallied from a low of $3.65 to a high of $5.88 which is a 61 percent return within nine days.
Ethereum Classic
As we can quickly analyze from the graph above that the MCap trades at $425,959,031 (09:38 UTC) on February 08 with the Price (BTC) 0.00114572 and Price (USD) 3.91, 24h Volume 157,434,553 USD (09:43 UTC).
As we can analyze from the graph above Price BTC traded all-time high on January 06 above MCap Price BTC. Since then from January 07 to January 10 Price USD took the lead. However, since then Price BTC remained traded above all.
While we can estimate from the first graph, if bulls succeed in rising and sustaining above the current resistance level $4 (10:13 UTC) and create “uptrend” in value (i.e., traded above the EMA) the investors will start buying this currency more and more thereby increasing its amount. However, based on the current trend, the next support level could be $4.20.
Let us not forget that Ethereum Classic (ETC) is a smarter blockchain, and it is a network, a community, and a cryptocurrency that takes digital assets further. Additionally, it allows people to send value to each other by letting complex contracts operate autonomously and cannot be modified or censored. If the Internet were merely a bunch of interconnected computers and didn’t have any users or creators making websites, it would be mostly useless.
Please feel free to visit to know more about this cryptocurrency!
Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It offers a decentralized Turing-complete virtual machine, the […]
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Market Panic Remains – Bexplus Investing Advice on BTC

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
Investing in the financial market is like a roller coaster, and it’s no exception in the BTC market. In any aspect of investment, fear and greed are the investment psychology of speculators and the constant balance between which creates a market emotion cycle. For many years, investors have studied the market emotion cycle by virtue of “Wall Street Cheat Sheet”.
It’s quite easy for us to find that the BTC price trend is similar to it. After the all-time high of $20,000 in 2017, BTC has kept the downtrend for 14 months. As for the Altcoins, they will display a great uptrend when issued and listed in the exchanges. But one or two weeks later, they will plunge sharply to the price lower than that for its ICO. Some investors may wonder if they can find the point that BTC will bottom out and buy in. This is not realistic. BTC is under a huge fluctuation. If you are still finding the bottom point and persist the long-term investment, it’s not a wise option.
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In fact, veteran investors can easy to notice that traditional exchanges that only offer crypto-to-crypto or fiat-to-crypto trading are difficult to carry on due to the bear market panic. That’s why more and more exchanges begin to add futures trading services. And cryptocurrency futures trading will be the mainstream transaction tool in the future. Similar to Wall Stree Cheat Sheet, trend is the crucial factor for profit.
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Market Panic Remains – Bexplus Investing Advice on BTC 2
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The Dark Underbelly of Cryptocurrency Markets

Click here to view original web page at medium.comIn this post, I’ll investigate the key drivers of the unrelenting cryptocurrency/crypto asset markets, and explain why they aren’t likely to go away soon. In particular, I will focus on the incentives that cause ranking sites to uncritically include junk exchange volume in their data.
The major stakeholders in this market are exchanges (naturally), altcoin/cryptocurrency/fork issuers, and coin rankings sites, which mutually work together to extract value from one group: retail investors. Unwitting investors juice the whole operation with infusions of capital. While none of this is particularly groundbreaking, I felt that it was worth exposing these relationships so that investors might understand the nature of the game they’re playing.
The below graphic summarizes the essence of the relationships between the four groups.
‘Value’ denotes financial flows or simple utility. Eg, investors gain value in the form of information from rankings sites
This might be a bit difficult to parse, so I’ll explain each group in turn.
You have two broad sorts of exchanges in this industry: the fiat onramps, and the altcoin casinos (I’ll leave aside p2p exchanges or DEXes for now). The fiat onramps tend to be regulated, comply with KYC/AML, may even surveil trading, and generally behave like full-reserve banks. Coinbase and Gemini are the archetypes. This piece is not about those exchanges — they generally play by the rules and are in the midst of a pivot towards regulator friendliness.
The other exchanges, the ones I’m writing about here, are the altcoin casinos. They tend to be un- or lightly regulated, domiciled in exotic places like the BVI or the Seychelles or Malta, and may hop around from jurisdiction to jurisdiction to avoid the watchful eyes of regulators. Binance is the archetype. They tend to have a devil-may-care attitude toward compliance, KYC/AML, wash trading, and reporting. They may not even deal in fiat at all — traders typically have to use BTC and ETH to get access to the rest of the casino.
Actually using these exchanges is often quite difficult. The great unmentionable in the industry is that no one interested in a “utility token” and the resources it might provide habitually uses these exchanges. These are not individuals these exchanges target as end users. Getting BTC at a fiat onramp, getting registered at a crypto-to-crypto exchange, sending the BTC, navigating the orderbook, making the trade, and juggling private keys and wallets; this is impenetrable to most neophytes. Instead, end users at these exchanges are day traders and gamblers who want access to the global, 24/7 altcoin casino. Some whales trawl the markets, but the majority of participants are retail investors looking for a 100x. Nothing new here.
Exchanges have a mutualistic relationship with altcoin developers and marketers (“issuers”). Generally speaking, creating an altcoin is not technically challenging. Many, many altcoins over the years were created with forkgen or any of the numerous ERC20 generators (1 2 3). The main challenge for the folks on the altcoin team is not technical, but social. This is euphemistically called community building. This of course refers to broadening the set of buyers for the token or coin, and getting existing buyers to become more fanatical in support of their chosen coin.
Community building is another word for marketing. This happens through many channels and is the subject for another, more expansive post. From the developer’s perspective, it is a delicate game of creating just enough innovation (or more realistically, the illusion of innovation) so that investors believe that the project is progressing at a reasonable pace towards its stated goals. Developers are encouraged to hype up partnerships, new releases, new objectives, and a drip feed of news and announcements. Each unanticipated piece of information is a positive shock that encourages investors to keep buying, and justifies their prior purchase.
The most exciting events for investors are new exchange listings. Since exchanges are fragmented pools of liquidity, and everyone wants to trade new launches, the sudden listing of an asset on an active exchange may in fact cause rapid price appreciation. It is an open secret that altcoin developers and marketers pay (read: bribe) exchanges to list their project. Many projects have pooled budgets, drawn from a premine, that are earmarked for listings fees. Binance made its business model out of shaking down developer teams for listings. But how does the exchange make the case for itself as the recipient of a fat listing fee? Simple: by posturing as a liquid and active trading venue.
After all, issuers are generally the largest holders of their coins, and they also benefit from a listing pump. Often, a large listing on an exchange like Binance will be an opportunity for the team of insiders to divest their holdings and reach a successful exit. So it’s in the interest of altcoin developers/promoters to pony up and pay a large fee (these can cost issuers hundreds of thousands of dollars, usually paid in BTC), and it’s in the interest of exchanges, especially second-tier exchanges, to project an image of deep liquidity.
This is where the rankings sites come in. They occupy a fêted position in the industry. Ostensibly, they perform a useful service to investors and receive little in return aside from ad revenue. But the under-reported reality is more sinister. Rankings sites are squarely at the center of the extractive game that siphons money from retail investors and deposits it into the pockets of altcoin creators and exchange operators.
What is the business model of the coin rankings sites? Sites like CoinMarketCap, CoinGecko, CoinRanking, Cryptoslate, CryptoCoinRankings, CoinCodex, CryptoCoinCharts, (et al.) sell ads, and in some cases, insert affiliate links into the exchanges. Some of them will sell blended pricing APIs to more sophisticated traders who want a reliable price feed. Many if not most exchanges have affiliate schemes, and referral links (“reflinks”) can be a lucrative source of revenue if you are the intermediary between active traders and exchanges.
Sometimes, rankings sites win doubly by accepting payment for banner ads for exchanges or trading venues, and then including their own affiliate links in the ad itself. It’s good money if you can get it. Investors go to these sites to find links to exchanges where they can trade their coins of choice, especially if they are smaller projects and do not have many points of liquidity. Since the rankings sites are the ports of call for investors, they have an almost captive audience and can easily monetize with an affiliate link. CryptoCoinCharts and CoinCodex have direct affiliate links to exchanges from their sites. Some aggregators will allow you to trade cryptocurrency directly from the rankings site itself.
This doesn’t just stop with exchanges. Anyone who visited CoinMarketCap from April–November 2017 will recall their ever present BitConnect banner. BitConnect was an infamous ponzi scheme with heavy affiliate elements — it survived based on new users from reflinks, and in turn paid affiliate partners handsomely. Not content to stop at BitConnect, CoinMarketCap ended up hosting banner ads for a multitude of other scams. Luckily, myself and the “BCC Ponzi” account documented this and held them to task.
The CoinMarketCap™ experience: not one but three actual ponzi schemes being simultaneously advertised.(open the thread. I present evidence for all of those being “guaranteed return” scams)
CMC also made a killing from banner ads with reflinks to Bitpetite, a BitConnect clone. This screenshot comes directly from Bitpetite’s website.
Coinmarketcap is making some decent money on their Bitpetite banner, these are 24h/weekly/monthly total referrals for them (min 10% fee)
Those are six-figure monthly revenues for directing traffic to a now-defunct ponzi. Yes, this is the same CoinMarketCap that millions of users and dozens of funds trust with their exchange data. The wrinkle goes further. The BitConnect ponzi relied on exchanges like CoinMarketCap uncritically posting exchange data showing massive appreciation in the BCC token. Of course this was illusory, and there was nothing behind the curtain. The vast majority (95%+) of BCC volume derived from a single “exchange,” which was hosted on By uncritically listing this volume with no caveats, CoinMarketCap directly enabled the BitConnect scam, which ended up siphoning around $100m from investors (my estimate).
See this thread for a breakdown of the issue:
Of course, our source for price, volume, and supply, comes from… Bitconnect’s own exchange. Hosted on its own website.
So not only was CoinMarketCap, the largest and most popular aggregator, guilty of enabling scams by accepting payment for banner ads, in some cases they monetized them with affiliate links within the banner ads themselves.
Aside from enabling and directly profiting from scams, CoinMarketCap is a largely amateur operation run from an apartment in Long Island City, and has proven itself generally unable to make sophisticated judgments about exchange liquidity. If you’ll forgive my digression, let’s get to the broader problem at hand.
So what’s the issue here? The chief problem has to do with the interplay between rankings sites, exchanges, and issuers, especially as it relates to exchange volume. It goes like this:
Issuers want to list on liquid markets and exit or pump their positionsExchanges want to advertise themselves as liquid, so issuers will be more amenable to paying listing feesThe “altcoin casino” exchanges are mostly unregulated and unmonitored, and can thus get away with virtually anythingMany exchanges thus engage in wash trading to make their volumes appear greater and improve their perceived liquidity profileRankings sites monetize through reflinks and ads, and lack the resources to monitor each exchange, and hence uncritically publish exchange dataWash trading exchanges gain in the rankings on the rankings sites, successfully marketing themselvesExchanges profit, rankings sites profit, issuers profit, all at the expense of investors (who may win in the short term)
The negligence of the coin rankings sites is the primary reason I’m writing this post. The other aspects are well documented. While fiat-onramps are professionalizing and working to assure regulators of their integrity, markets at the altcoin casinos are widely understood to be deficient. While arbitrary changes to the ranking sites’ methodology is known to be a risk, especially after the Korea debacle, the sheer amateurish nature of these rankings sites is under-reported. LPs for crypto hedge funds might be horrified to find that many funds were marking their positions against CoinMarketCap data, which aggregates deliberately fudged data from the altcoin casinos. The primary issue is the uncritical presentation of data derived from exchanges that is clearly fictitious — Sylvain Ribes has covered the fake volume plague well. CryptoExchangeRanks used an innovative methodology — comparing claimed exchange volume to their relative web traffic — to find particularly egregious offenders.
Investors looking for reliable data are left with few options. They can either selectively trust exchanges, aggregate data themselves, or use a more discriminating source like the Blockstream/ICE datafeed. The market is professionalizing, and hopefully operations like CoinMarketCap will be a creature of the past.
The problem with the [altcoin casino | altcoin issuer | rankings site] troika is how neatly intertwined all their incentives are, and how poorly-educated users are about each. In many cases, “exchanges” is a misnomer. These things are more akin to the bucket shops of the 20s, the boiler rooms of the 80s, or the unregulated poker sites of the early 2000s, which ran fractional reserves or granted insiders special access to the hole cards of unwitting players.
Quite simply, most of the crypto-to-crypto exchanges have nothing in common with exchanges like the NYSE or the NASDAQ. While some investors are aware of this, many mistakenly believe them to have integrity, even storing their coins on those exchanges for extended periods. The exchanges, in turn, market themselves with rampant, and indeed obvious, wash trading. But they are difficult to shut down or regulate — after all, clearing and settlement occurs on the uncensorable Bitcoin and Ethereum networks.
There is still demand for global, 24/7 casinos to gamble on altcoins, so these shady exchanges will still exist. And while investors use the amateurish rankings sites for information on trading venues, exchanges will be incentivized to market themselves by posturing as more liquid than they actually are. And if these exchanges continue to list hype projects and give issuers their exit, issuers will continue to be incentivized to play the marketing game and generate spurious roadmaps to dupe investors. Investors should be wary of these entities and make informed decisions before diving in.

How to Prepare for Next Week’s Bitcoin Cash Hard Fork

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If you’re concerned about the Bitcoin Cash hard fork that’s upcoming, you shouldn’t necessarily be, because you have plenty of time to get ready and more than one option on how to prepare. As journalists we are generally neutral on the subject of the fork — this article is intended for informational purposes only, not to take a side.
First, for the uninitiated, we should explain a couple terms.
Hard Fork
A “hard fork” is when mining (and, necessarily, client) nodes no longer agree on the rules of a protocol but continue to share the blockchain or permanent ledger of transactions previously made on the shared network. Technically a hard fork exists after one block of the new, protestant chain has been mined, but in reality a hard fork chain must survive much longer than that for the community and the world at large to consider it viable.
A hard fork is not the same thing as a software fork, where the code is simply used to build a different product with minor or major modifications. Everything from Dash to Litecoin Cash is technically a software fork of Bitcoin.
The best example of a hard fork is the Bitcoin Cash fork away from Bitcoin Core last year. Up until blocks mined in August 2017, the Bitcoin Cash blockchain is identical to the Bitcoin blockchain, but from that point on it became its own entity and gradually has developed its own community, services, and now, of course, its own divisions.
Replay Attack

A replay attack is when the transaction details from one blockchain can be used on the other. If it were to happen in Bitcoin Cash when the fork first happened, it would have happened like this: you make a transaction on one blockchain and then the receiver uses the details from that transaction in order to receive coins on the other chain from you — without your permission.
In the Bitcoin Cash fork that is upcoming — which is planned to result in at least two versions of Bitcoin Cash — there will be no native replay protection. With previous hard forks, failed or otherwise, replay protection was integrated by one development team or another. It is a serious matter as the heart of Bitcoin is user choice — there are no pull requests in Bitcoin, only “push” transactions.
How to Prepare Against Replay Attacks
When the fork happens, it is advisable to make no transactions at all right away. One should decide which version of Bitcoin Cash they are primarily going to use and keep their existing wallet on that chain.
Then, the user should install the other version, access their coins on that chain, and once they have accessed their coins on the chain they do not intend to use, they should sweep them all to a new address of their own on that chain. In this way, they will not be at risk of replay attacks because the coins are now held in different “accounts” or addresses between the chains. Failure to do this puts the user at risk of having their transactions replayed.
Unfortunately, with a lack of replay protection built into the new clients, you will have to do something if you want to secure the coins on the new chain. There is another option wherein you don’t care about the funds on either chain, and under this scenario you are free to simply leave things as they are — if someone replays a transaction you sent them on your preferred chain, you wouldn’t care anyway.
The Alternative Option: a Managed Exchange Wallet
Users who are overly concerned and not technically sure they’ll be able to successfully migrate their coins themselves could simply send all their Bitcoin Cash to a cryptocurrency exchange that has explicitly stated that it will support the fork, where they will automatically be credited with the new versions. Then, if you want either coin or both, you can withdraw them once the fork has settled. Potentially, there could even be three versions of Bitcoin Cash, provided miner support is there for all of them.
Many other exchanges will do this, but Poloniex has committed to doing so and has also begun pre-fork trading of both new versions of the coin.
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NulleX Team Introduces DMRS For Masternode Owners

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The cryptocurrency industry is constantly changing and evolving. As new currencies try to make a name for themselves, new features will need to be addressed sooner rather than later. In the case of NulleX, a new program known as DMRS (Dynamic Masternodes Rewards System) will be launched. This addition will make the ecosystem more robust, and introduces some big changes for speculators as well.
The DMRS Program Explained
Similar to some other privacy-oriented cryptocurrencies, NulleX heavily relies on masternodes to provide privacy-oriented features to the network as a whole. To do so, users need to control a specific number of coins at all times, for which they will be rewarded with an ROI of up to 50% every 3 months. This makes NulleX one of the more appealing masternode-based currencies on the market today.
By introducing this new feature, NulleX Masternode users receive a sort of “reward” even though the market price may fluctuate for better or worse. Ensuring these owners can achieve their expected ROI during those volatile periods is the main reason this new tool was introduced. Earnings will be calculated and distributed every quarter, and will never go below 15% at any given time. The ROI changes based on the market value of NulleX, the lower the value the higher the ROI. You can find the exact price to ROI ratio on the official NulleX website.
Co-founder and COO Erik Feriotto adds:
“The DMRS rewards level is calculated depending upon the previous quarters average price performance and readjusted as necessary on a quarterly basis to ensure a fair distribution of NLX rewards. The DMRS program will officially start on block #186000. At the end of each quarter, the rewards will be re-adjusted according to the previous quarter’s price.”
With this new solution in place, more people may be swayed to explore a NulleX masternode. It is not a difficult process by any means, and a detailed tutorial for doing so can be found in this article. Given the current relatively low price of the NLX tokens, creating a node will cost between $700 and $800, with a yearly ROI of 15% or more. For those who actively want to invest in altcoins, running a masternode is always an option worth considering.
Increased masternode rewards are not all that common in the world of cryptocurrency. Unlike miners, a masternode owner does not benefit from an increase in transaction fees by default. Their earnings are often relatively fixed, which means there will be no “help” during a bearish market trend. The NulleX team takes a very different approach in this regard, and actively paves the way for the project to gain more success in 2019.

So crypto didn’t kill venture capital after all

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Last year, $7 billion followed into ICOs. Combined with 2018, the cryptocurrency-based funding mechanism is estimated to account for $20 billion. ICOs threatened to disrupt venture capital more widely across the board, but the signs suggest that a relative status quo for investment is returning with VC capital a preferrable option once again.
We’ve seen this with some recent investments — particularly those for Binance, Kucoin and Imtoken — but more widely a relative ‘norm’ is close to being reached, two crypto industry experts told an audience at the TechCrunch Disrupt Berlin event today in conversation with TechCrunch’s Mike Butcher.
The crypto winter is here. Crypto companies are laying off staff to cut costs. The market is moving south in terms of financing, but it isn’t all bad.
These moves are going to bring stability and legality, according to Vinay Gupta — one of the developers who helped birth Ethereum who is currently CEO of tokenization product Mattereum.
The altcoin craze “began to spin down once it was easier to do that kind of stuff on Ethereum because you didn’t have to run your own decentralized network, you could just write and Ethereum script, and then you can run it on smart contract,” Gupta said on stage in Berlin.
Vinay Gupta was a member of the Ethereum Foundation, which created the Ethereum cryptocurrency and helped popularize the blockchain among developers
“Some of those projects are very successful, some aren’t, but they all should have been properly regulated securities from the beginning, because they were raising money directly to the general public. The governments didn’t go away, the internet doesn’t exist in a separate dimension, there was always going to be a settlement with regulators, and what will come out of that as a correctly regulated token economy next year, the SEC will define these things are not okay.
“The regulated exchanges will come up [and] it’s all going to straighten itself out. But by then it will be much closer to regular finance than the kind of original blockchain wild west,” he said.
Vinay Gupta (Mattereum) on the future of crypto:"It’s all going to straighten itself out, but by then it will be much closer to regular finance than the original blockchain Wild West" #TCDisrupt— TechCrunch (@TechCrunch) November 29, 2018
Indeed, security token platforms — which use blockchain to host equity-like tokens for unregulated U.S. securities — are on the up, with some predicting that ‘digital security tokens’ will hit exchanges potentially before the end of this year. And within the legal rules.
If anything, regular venture capital is reborn again within the crypto industry.
“It depends what projects you’re talking about,” Outlier Ventures’ Jamie Burke, the second member of the panel, explained.
“If you’re talking about protocol and infrastructure, the great innovation that we’ve got, I think it’s still going to stay with us is the idea that you can that should be open source, and it can be tokenized. And that gives it very powerful network effects. And so these things absolutely should have tokens.
“The point is who should participate in financing that network and who should participate in economic value creation and at what stage? So I think we’re going to start to see hybrids. Projects will initially raise money through equity (the riskier part) until they get to the point where they need wider adoption and they need this token to incentivize the network and various behavior,” Burke said.
Jamie Burke (left, with Techcrunch’s Mike Butcher) believes that venture capital can live harmoniously with token-based investing
Gupta — who is planning to raise capital equity-based for Mattereum — said that there’s very much still an important role for ‘traditional’ VCs to be a part of company building in the blockchain space.
“Traditional venture money is important because [VCs] put a lot of skill on the table. The kind of scaling challenges that we’re expecting to see over the next year or so are much more like the kind of things that you see on traditional venture because some parts of what we do are very much jurisdiction by jurisdiction. It’s not just you stand up the network and you go,” he said.
Got it! So venture capital is still an important part of the process, despite the past examples of companies raising tens of millions of dollars through token sales.
In fact, Gupta believes that the tokenization of assets — his startup recently ‘tokenized’ a 15th century a Stradivarius violin, worth a cool $9 billion — will enable smaller investors, the type who might have bought into ICOs, to spread their capital more widely without incurring huge amounts of risk.
“The ability to buy a little bit of 10,000s of thousands of assets is the kind of thing that you could only do a very large scale right now. But it gives a kind of stability to your investments that makes ordinary investors more able to get the kind of stability of return that you get with a pension funds,” he explained.
“I think there’s a pretty good chance that this will turn out to be good for retail investors, once the markets have settled down in the irrational exuberance is burned off.”
You can watch the full panel below.
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Hardware Wallet Ledger Nano S Announces Support for Monero

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Cryptocurrency hardware wallet manufacturer Ledger has updated its support of altcoin Monero (XMR) for its Nano S device, the company confirmed in a press release shared with Cointelegraph Nov. 29.
The French company, which along with Trezor and KeepKey is one of the oldest hardware wallet manufacturers in the industry, said the Nano S was already compatible with Monero’s latest GUI 0.13 release.
“We are thrilled to welcome another top-ten cryptocurrency to the Ledger platform with Monero,” CEO Eric Larchevêque commented, adding:
“With this addition, Ledger devices now cover 90% of the entire crypto market capitalization.”
Like its competitors, Ledger continues to focus on supporting as many of the popular cryptocurrencies as possible, as security of holdings becomes an ever more pressing issue for investors.
Earlier this month, Trezor issued a warning that counterfeiters had stepped up efforts to release fake versions of its own devices for sale on the internet.
This week meanwhile, Ledger announced its expansion into New York and the hiring of a former Intercontinental Exchange executive to head its institutional custody project Ledger Vault.
In October, Larchevêque revealed Ledger had sold over 1.3 million Nano S units.
Monero is currently ranked 12th among cryptocurrencies by market capitalization. The coin is trading around $60.88, down just under 1 percent on the day to press time.