BIS Consults on Proposal to Apply the Same Principles as Financial Market to “Systemically Important” Stablecoins

BIS Consults on the Proposal to Apply the Same Principles as Financial Market to “Systemically Important” Stablecoins

The Bank for International Settlements (BIS) and the IOSCO group of securities regulators published proposals on Wednesday on how the current rules for clearinghouses and payments services should also be applied to “systemically important” stablecoins.

These proposals are currently put out for public consultation before they can be finalized early next year.

With nearly a $70 billion market cap, USDT is currently leading the stablecoin market with its share at 57.2%, followed by the rapidly growing USDC, which accounts for 25.4% of market share with its market cap at $32.8 billion.

According to the report, regulators don’t intend to create additional standards for stablecoin instead build on the principles developed for critical financial market infrastructure in 2012.

As per the rules, a stablecoin operator must set up a legal entity. These rules will also need to be followed by countries that allow stablecoins to operate.

The principles further include clear disclosure of management structure and arrangements with affiliates.

The author of the report said stablecoins should have “little or no credit or liquidity risk.” He further advised the stablecoin regulatory framework to consider whether the holder is making a legal claim against the issuer or underlying asset.

“This report marks significant progress in understanding the implications of stablecoin arrangements for the financial system and providing clear and practical guidance on the standards they need to meet to maintain its integrity.”

Ashley Alder International Organization of Securities Commissions (IOSCO) Chair

Discussed on the proposed framework will last for eight weeks.

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Author: AnTy

NFT Volume Declines Sharply But Cheaper Sales Are ‘Extremely Important for Long Term Growth’

NFT Volume Declines Sharply But Cheaper Sales Are ‘Extremely Important for Long Term Growth’

With hype calming down and wallets trading cheaper NFTs, the market can now grow in a greed-free environment with more people and organizations coming in. It’s basically good for “more sustained” market development.

After exploding into popularity this year, non-fungible tokens’ growth has entered a slow-down phase in the past month or so.

If we look at the past 30-days statistics of the NFT space, it has experienced a huge drawdown.

Starting with the marketplace, the popular ones like OpenSea, CryptoPunks, Axie Infinity, NBA Top Shot, and Rarible have had their volume down 40% to 60% in the past 30-days. The number of traders has also dropped between 20% to 50%, as per DappRadar.

The volume on these marketplaces peaked in February. For instance, the most popular one, NBA Top Shot, did $48 million on Feb 22, and now it is down at $1.3 million though still up from less than 10k it was doing in December.

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This year, besides the DeFi ecosystem, the NFT market is one of the big ways the blockchain industry continues to develop.

But in May, a decrease of 5% in sales volume was recorded, the volume dropped for the second month in a row. Flow and Wax particularly drove this.

Overall, the trend of highly-priced NFTs seems to be cooling off, with relatively cheaper sales now fueling the market activity. However, such sales are “extremely important for long term growth as it gives a chance to attract masses to the industry.”

Despite the negative trend, Axie Infinity, Dark Country, and R-Planet had the best month this year so far, with their month-on-month growth of 201%, 659%, and 141%, respectively. Additionally, wallet activity and the count of sales saw an upward trend.

Well-known people like Paris Hilton, Eminem, Jack Dorsey, and many others have also joined in on the NFT trend, with more and more new organizations starting to test the NFT waters as well. Dapp Radar noted in its May report,

“It indicates that NFT hype has calmed down, at least in terms of large sales, and wallets are trading cheaper NFTs. As a result, this situation might lead to a more sustained stage of market development instead of one that’s filled with hype and greed.”

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Author: AnTy

5 Bullish Bitcoin Charts, Three Patterns Not Seen Since the Parabolic Run of 2017

Earlier this week, bitcoin broke the important psychological level, $10,000 and hovered around this level for two days only to make a retreat today.

Currently, we are trading around $9,500 while managing the daily trading volume of just $2 billion, yet again slowing down on the weekend.

The good thing is bitcoin is leaving the exchanges, moving in the opposite direction to the bitcoin price, which means instead of selling, investors have taken to HODL their BTC.

Also, the Guppy indicator which identifies changing trends and breakouts in the price of an asset has flipped green on the bitcoin daily. Historically, these green flips have led to higher prices every single time. Stackin’ Bits said, Though it is likely we will be going higher,

“One thing that probably needs to be taken into consideration on this move is the extreme volatility. Price leads MA’s, and in such extreme volatility it wouldn’t surprise me to see some aggressive deviation over the next couple of moves as the volatility cools down.”

The realcap-weighted HOLD wave is yet another chart dominating similar setup patterns that were last seen in the past bull markets.

A bitcoin enthusiast notes that for a third time it occurred this spring. Currently, we are in the blow-off period with halving next week which if leads to another accumulation it could indicate a new bull market.

Yet another bullish chart that reflects the previous bull market is the number of active bitcoin addresses. These addresses have reached 1 million, last time hit in November 2017. Glassnode noted,

“The number of active addresses (and entities) has increased to levels not seen since the 2017 bull market – as has the number of new addresses – suggesting an increase not just in activity, but also in adoption.”

The market is ripe with bullish charts and the market sentiment has also finally turned into “greed” after over two months of “extreme fear.” The rising price of bitcoin is also backed by the solid volume with open interest on CME hitting a new all-time high.

The interest in “bitcoin halving” has also skyrocketed with searches on Google now 4x the 2016 halving.

Meanwhile, long term bitcoin investors continue to accumulate bitcoin, despite the prices rising up to the early highs from February.

Amidst this trader Galaxy has shared a chart, yet another dose of hopium for people, stating the flagship cryptocurrency could very well make its way to a new all-time high of $20,000 from here in another pattern not seen since the parabolic run of 2017.

In response to this chart, trader Crypto King wrote,

“I’m waiting for that green dildo to the moon. Liquidation dip occurred, volume dropped. Consolidating, spring coiling….”

Not to mention, high net worth individuals (HNW) and family officers are also getting in bitcoin.

When bitcoin rallies to the high of $20k, retail will start paying attention once again just like in 2013, when “the early rally was driven by Silicon Valley angels (smart money), by the end of the year retail piled in,” said Tuur Demeester.

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Author: AnTy

Bitcoin Miners Hoarding BTC Just 3 Days from Halving

The price of bitcoin is having strong momentum, as it climbed over $10,000, an important psychological level. Jehan Chu of Kenetic Capital said,

“Bitcoin trades sentiment-driven at its peaks and valleys, and the post-halving hangover is part of the normal price ebbs and flows on top of Bitcoin’s fundamental value.”

But the price is not the only factor enjoying a growth, the bitcoin network fundamentals are just as bullish. Given that halving is just around the corner, it isn’t surprising that the network is booming.

Last week we reported that the hash rate of the network has climbed out yet a new all-time high. But if we take a look at both the price and hash rate, they have been moving in complete harmony. TradeBlock noted,

“During periods of declining bitcoin prices and lower mining profitability, mining resource allocation decreased accordingly resulting in lower hash rates.”

Source: TradeBlock

Higher prices coming post-halving?

Now, about 3 days away, halving or quantitative hardening has gotten bitcoin special attention in the current environment of quantitative easing.

The event that comes every four years will also cut down bitcoin inflation from 3.64% to 1.80%, down from the global inflation rate of 3.56%.

In preparation for this event, bitcoin miners have started hoarding BTC. Post halving, the miners block reward will be reduced in half, from 12.5 BTC to 6.25 coins.

Over the past week, miners have hoarded 1,067 BTC, having sold or distributed less than they have mined. Normally bearish, this close to halving, this hoarding might indicate miners’ bullish long term view of bitcoin. Charlie Morris, co-founder & Chairman of ByteTree wrote,

“We normally see this as bearish because it implies a soft bid in the market. With a recent price surge, clearly this hasn’t been the case, and so we can only assume that the miners also think higher prices are coming post-halving.”

Source: ByteTree

Only higher value transactions will survive

Over the past week, many things have been “somewhat crazy,” with the difficulty of the network seeing a minor uptick despite the generation cooling down. This might have been flushing out the weaker miners.

Meanwhile, network fees surged subsequently above $4 million, up from below $1 million per week a couple of weeks back. This jump in bitcoin network fees came up with a rise in the number of transactions.

“The positive is that high fees reflect network interest and that is good for the Bitcoin price. The negative is that small transactions will dry up.”

Given that post having would mean miners will get 6,300 BTC plus fees per week instead of the current 12,600 BTC per week, fees need to remain high. But this also means, “only higher value transactions will survive.”

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Author: AnTy

EOS Block Producers Reach ‘Strongest Consensus’ In Approval Of Worker Proposal

The EOS Worker Proposal, which is famous for being very controversial, was announced by the most important EOS block producers that it went into its first execution stage and is supported by many participants to the network.

One of the leading EOS block producers, EOS Nation, reported that many Eosians agreed to support the new proposal and nothing could have changed their mind. On March 24, it also announced that a number of 34 both active and standby producers approved the EOS Worker proposal. It seems that until now, this is the strongest consensus achieved by any proposal in the EOS Mainnet.

The Eosio.wps System Launched

The March 24 first multi-signature approval launched the eosio.wps account that stores funds needed for new operations on the system. After this approval and the MSIG execution, eosio.wps will receive 50,000 EOS tokens in transfers from eosio.names, while the 3rd MSIG is going to deploy the Worker proposal smart contract to the same account, namely eosio.wps. After the 4th approval, the new proposal will have the whole network’s voting system reconsidered.

A Proposal Surrounded by Controversy

According to the new scheme and outlines, anyone can make a proposal on how the EOS blockchain should work, in exchange for a small EOS fee. After that, the block producers, regardless if they’re active or standby, need to vote on the proposal with +1, -1, or 0. In order to pass, a proposal has to gather 20 points. Here’s what the co-founder and CEO at Block.one, Brendan Blumer, had to say about the strategy employed by EOS:

“Socially authorising the BP’s to direct token-holder funds into projects without a clear or measurable return of value is risky, and may open the door to corruption and external scrutiny.”

Many voices don’t agree with him, but it remains to be seen how things are going to work for the EOS Worker Proposal in the future.

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Author: Oana Ularu

US Treasury Dept and Industry Leaders Met to Discuss The Challenges In Crypto Compliance

The US Treasury Department, along with important figures in the crypto industry, have met to discuss the regulatory challenges in the crypto space.

On March 2nd, the Treasury made an announcement that it will be meeting with crypto experts and leaders in order to address the supervision and regulation of crypto assets.

Steven Mnuchin, the secretary of the Treasury, said he welcomes any responsible innovation that has the potential to make the financial system more efficient.

Innovation Compromising National Security?

Mnuchin also mentioned that national security may be threatened by innovation in the financial system, noting that:

“We must ensure that we balance innovation with the need to protect our national security and maintain the integrity of our financial system.”

According to the announcement released yesterday, the US Treasury Department focuses on preventing money laundering, terrorist financing and other illegal activities done with the help of crypto assets.

It further added that the US will fight for crypto regulation and that it won’t tolerate cryptocurrencies being used for any illegal activity.

The US Has Always Been in Conflict with Cryptocurrencies

Many US financial regulators have been very cautious and even hostile towards the subject of cryptocurrencies.

Even Mnuchin insisted last summer that Bitcoin (BTC) is laundered more than cash. In December, one of the US Federal Reserve’s governors stated that one-fourth of the people who use BTC are criminals and half of the BTC transactions are related to crimes.

The association of cryptocurrencies with illegal activities leads to the financial system being deprived of collaborations involving crypto assets.

Not long ago, the ChangeOutput blockchain communications shop’s founder, Justin O’Connell, mentioned that there are many banks not facilitating crypto-operating businesses just because there’s a belief that cryptocurrencies are being used for all sort of illicit actions.

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Author: Oana Ularu

Cardano Successfully Tests Ouroboros BFT on the Bryon Testnet, Ready for Deployment

  • Cardano reaches the “important” step of OBFT update as it moves towards the Shelley era
  • This protocol update is the bridge for the currently in use Ouroboros Classic to Ouroboros Genesis, which will power the Shelley era
  • Network fundamentals on a steady rise, the number of daily active addresses reaches a peak of 9.76K

On Feb. 20th, Ouroboros will be updated on the Byron mainnet to Ouroboros BFT, stated IOHK while sharing the latest developments. It’s been more than 18 months since the IOHK has been building a new architectural foundation for the Shelley era on the mainnet.

As the network moves towards the Shelley era, they have reached a “really important” step that is the OBFT update, Ouroboros Byzantine Fault Tolerance. This hard fork will basically act as a bridge between Ouroboros Classic, which is currently in use on the Byron mainnet, to Ouroboros Genesis, which will power the Shelley era.

Exciting Months Ahead

Ouroboros is the consensus protocol, “the algorithm that sits behind Cardano’s capability as a decentralized proof-of-stake platform.” Ouroboros BFT has been implemented as a bridge by the developers as a “stepping stone in compatibility (…) to enable the evolution of Cardano on the Byron era, with its federated blockchain, to the decentralized Shelley era.”

Ouroboros BFT has been successfully tested on the Byron testnet and the team has announced that it’s time to deploy on the Byron mainnet. The deployment will be on Feb. 20th which the team says is “a really positive next step in the development of the Cardano platform.”

For the ADA holders, they don’t need to do anything as the update will happen behind the scenes and there will be no change to the coin, wallet, or exchange account or even if you have been involved with a Shelley incentivized Testnet, you won’t’ be affected in any way, shared the team on Wednesday.

The next few months will be “exciting” ones for the Cardano community as the network continues to evolve.

Fundamentals on the Rise

In other news, the fundamentals of the Cardano network are also on the rise. The network activity has been seeing a rise with the number of daily active addresses reaching its all-time high (ATH) at nearly 10,000 on Feb. 12. This has been an increase of over 300% since January 1st, 2020.

The active address ratio has surged 231% from the beginning of the year, up from 0.58% on Jan.1 to 1.93% earlier this week.

Additionally, the number of transactions on the network has also seen a spike, recording an average of just above 3600 transactions daily. At the beginning of the year, the transactions were down at 1,000 but it has now jumped above 4,200.

In terms of price, ADA is currently trading at $0.0624, up 85% in 2020 so far.

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Author: AnTy

World Economic Forum (WEF) Creates First Policy-Maker Toolkit For CBDC Deployment

The World Economic Forum (WEF) has created, in partnership with some of the most important central banks, a policymaker toolkit for a central bank digital currency (CBDC).

The announcement was made on January 22. WEF is attempting to give a hand to policymakers when it comes to understanding what deploying a CBDC involves. Veerathai Santiprabhob, Bank of Thailand’s Governor said the toolkit is going to be very useful for the development of his institution’s CBDC, which is called Project Inthanon and is currently implemented. These were his exact words:

“From our experience, we need to identify tradeoffs between benefits from the use cases and their associated risks across different dimensions. This is where the Policymaker Toolkit could usefully provide an actionable framework for CBDC deployment.”

Rasheed M. Al Maraj, the Central Bank of Bahrain’s Governor said the toolkit is a great opportunity to learn more about how to adapt to the “Fourth Industrial Revolution”.

A CBDC Would Increase the Speed and Efficiency of International Interbank Payments

The framework of the toolkit recognizes that a CBDC, and not only that, could increase the speed and efficiency of international interbank payments, while reducing costs, also the counterparty and settlement risks. WEF says it can furthermore enhance reporting and transmission of financial data, not to mention that it can simplify traceability. The announcement says that before implementing a CBDC, solutions to economic friction should be found, whereas investments in system resilience and cybersecurity should be made.

Different CBDCs Distinguished by the Toolkit

The framework released by WEF has CBDCs classified as wholesale, retail and hybrid. Wholesale CBDCs are granting access to commercial banks and financial institutions to the central bank reserve for security and interbank transactions. Retail CBDCs are for non-financial users who want to hold accounts in the digital currency, whereas the hybrid ones give financial institutions access to central banks’ deposit facilities for holding reserves, which would increase security and interoperability between payment systems. WEF also explains that if a DLT-based CBDC would be discussed, the central bank would have complete control of its issuance.

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Author: Oana Ularu

Top 20 Best Cryptocurrencies in 2020: Which Coins to Watch For This Decade

As the new decade dawns upon the emerging digital asset economy, it’s important to analyze the current cryptocurrency market landscape and find out which are the top altcoins and tokens are worth keeping an eye on in 2020 and beyond.

It is no surprise that throughout 2019, the crypto sector gained a lot of mainstream traction, with many new investors entering this space thanks to Bitcoin’s amazing recovery which saw the premier crypto asset soar to a price point of around $14,000. Not only that, but a whole host of experts are also of the opinion that 2020 could see this burgeoning market space scale up to new heights, with many premier digital currencies like ETH, BCH, BTC crossing their previous ATH values this year.

While Bitcoin (BTC) is an obvious choice to kick things off with our list of the best cryptocurrencies to pay attention to in 2020, there are other emerging coins and blockchain token projects worthy of keeping tabs on as the world begins its transition into the digital value transfer economy.

Top 20 Cryptos that You Should Consider Investing in

In this article, we will look at some of the best crypto investment options of 2020. So without any further ado, let’s jump straight into the heart of the matter.

BITCOIN (BTC)

Even today there is absolutely no doubt in anyone’s mind that BTC is by far the most lucrative crypto asset in the market. To put things into perspective, the flagship digital currency currently accounts for more than 60% of the global crypto market share. If that wasn’t enough, anytime the currency experiences any sort of volatility, the rest of the market tends to follow suit.

In terms of its financial potential, Bitcoin is still considered by many as being the perfect investment avenue for novices as well as seasoned investors. Not only is the asset tried and tested, but its infrastructure has grown leaps and bounds over the past decade or so as a result of which many pundits (including everyone’s favorite crypto believer John McAfee) believe that BTC will most likely hit a value threshold of $100,000 by the end of 2020.

  • All-time High (ATH) Value: $19,892
  • Market Debut: 2009
  • 2019 High: $13,793
  • 2019 Low: $3,459

ETHEREUM (ETH)

As many of our readers are probably aware of, after BTC, Ethereum (ETH) is the world’s second-largest cryptocurrency by total market capitalization. The asset was launched back in 2015 and over years it has risen to become one of the most sought after digital currencies in the market. In regards to what makes ETH different from its closest rivals, it can be seen that the currency makes use of a framework that is meant to support several novel decentralized apps that have been built atop the Ethereum blockchain.

As a result of its amazing dApp capabilities, the Ethereum ecosystem can offer its users with a host of amazing features such as:

  • Seamless decentralized governance
  • Smart contract utilization

Last but not least, Ethereum currently boasts of having one of the most active developer communities in the world. As a result of this, many finance experts believe that the currency is destined for big things in 2020.

  • All-time High (ATH) Value: $1396
  • Market Debut: 2015
  • 2019 High: $$345
  • 2019 Low: $103.2

RIPPLE (XRP)

XRP is another digital currency that has become extremely popular since its release back in 2012. From a technical standpoint, it bears mentioning that the premier cryptocurrency plays an important role in facilitating the transactions taking place within the Ripple ecosystem. In this regard, Ripple can essentially be viewed as a private financial services platform that offers its users with a host of amazing products including:

  • XRapid
  • xCurrent
  • RippleNET

As of 2019, Ripple’s various services are being made use of by a large number of established banking institutions all around the world including Santander, Standard Charter, Cuallix, etc. This is primarily because Ripple and XRP have allowed these mainstream players to facilitate their international, cross-border transactions in a seamless, hassle-free manner (that too at a fraction of the cost that they previously had to pay when making use of the SWIFT network).

Last but not least, XRP is currently the third-largest cryptocurrency available today in terms of its overall market capitalization. However, a couple of years back, it was able to dethrone ETH for the second spot but was unable to maintain its financial dominance for more than a few days.

  • All-time High (ATH) Value: $3
  • Market Debut: 2012
  • 2019 High: $0.48
  • 2019 Low: $0.25

DIGIBYTE (DGB)

Even though a lot of causal crypto enthusiasts may not have heard of DigiByte (DGB), the cryptocurrency is touted to be one of the most promising financial prospects of 2020. Founded in 2014 by Jared Tate, what makes Digibyte so unique is the fact that it is completely decentralized and offers tx speeds that are much higher than many of its digital counterparts. For example, it is nearly 40 times faster when compared to BTC because of its amazing block times.

Technically speaking, Digibyte was the first blockchain platform to successfully implement the Segregated Witness (SegWit) protocol that allows tx confirmation data to be maintained separately from their associated block info. This allows Digibyte to process transactions at an extremely high rate without compromising on the security side of things (even in the slightest). The ultimate goal of DigiByte is to create a global payment system accessible to people around the world.

  • All-time High (ATH) Value: $0.128
  • Market Debut: February 2014
  • 2019 High: $0.016
  • 2019 Low: $0.0052

LITECOIN (LTC)

Launched just a few years after Bitcoin, Litecoin (LTC) was initially intended to be a less resource-intensive version of Bitcoin. With that in mind, it bears mentioning that LTC’s core coding structure is pretty much the same as Bitcoin, except for a few tweaks here and there. As things stand, the currency offers block times that are nearly 4 times faster than what Bitcoin currently offers. Additionally, LTCs total token supply is 4 times as big as that of BTC.

Lastly, back in 2018 LTCs creator, Charlie Lee sold all of his LTC tokens, sparking fears that the project may become worthless overnight. However, as we all know now, Litecoin has only grown in strength since then with many experts claiming that the currency is destined for great things in 2020. Only time will tell what the future has in store for the premier cryptocurrency.

  • All-time High (ATH) Value: $363.60
  • Market Debut: April 2013
  • 2019 High: $141.70
  • 2019 Low: $30.70

MAKER (MKR)

Maker (MKR) is the digital token that is used to facilitate all of the transactions taking place within the Maker digital ecosystem. What makes MKR unique is its limited market supply of around 1 million tokens as well as the fact that it can serve as as a smart contract platform that backs and stabilizes the value of the stablecoin DAI using niche concepts such as:

  • Collateralized debt positions (CDPs)
  • Autonomous feedback mechanisms
  • Incentivized external actors.

Additionally, it also bears pointing out that MKR tokens are not only used to pay transaction fees within the Maker ecosystem but they also equip holders with voting rights to help maintain the decentralized balancing mechanism of the system.

  • All-time High Value (ATH): $1,687.86
  • Market Debut: January 2017
  • 2019 High: $784.54
  • 2019 Low: $367.01

BINANCE COIN (BNB)

On paper, Binance Coin (BNB) appears to be the most successful digital currency ever released by a cryptocurrency exchange. For starters, BNB has been trading well above the $15 mark for more than six months now despite the market at large being faced with insane bearish conditions all through 2019. Additionally, many pundits believe that as long as Binance continues to do well as an exchange, the BNB token will continue to possess considerable value.

Lastly, it should also be highlighted that while many people view BNB as an excellent investment channel, there are also those people who employ BNB because they regularly trade high volumes on Binance and want to cut down on their peripheral costs (such as tx fees, gas fees, etc).

  • All-time High (ATH) Value: :$39.10
  • Market Debut: July 2017
  • 2019 High: $39.08
  • 2019 Low: $5.90

CARDANO (ADA)

Cardano (ADA) is the brainchild of Ethereum co-founder Charles Hoskinson. On paper, it seems to share a lot of similarities with Ether. For example, it allows users to construct novel dApps and smart contracts. However, upon closer inspection, one can see that Cardano and the ADA token are designed to help resolve many of the interoperability and scalability-related problems that are plaguing the crypto world today.

To be a bit more specific, the development team behind Cardano is especially focused on maximizing the efficiency of the international payments market by cutting down many of the time and fee-related issues currently facing this burgeoning domain.

  • All-time High (ATH) Value: $1.26
  • Market Debut: October 2017
  • 2019 High:$1.01
  • 2019 Low: $0.03

CHAINLINK (LINK)

The name Chainlink (LINK) has become extremely popular throughout 2019 amongst crypto enthusiasts all over the world, because when the market at large was struggling to find its feet due to all of the bearish pressure being faced by this sector, LINK continued to surge and grow.

In its most basic sense, LINK can be thought of as an Ethereum token that is used to drive Chainlink’s native decentralized oracle network. Owing to the use of its novel framework, the platform can deploy ETH smart contracts, to connect with several external APIs and payment systems. Not only that, but Chainlink also has the unique ability to transfer information in/out of the native blockchain in a manner that is highly secure, trustworthy, and decentralized.

  • All-time High Value: $4.07
  • Market Debut: September 2017
  • 2019 High: $4.07
  • 2019 Low: $0.298

CRYPTERIUM (CRPT)

Even though the name Crypterium might not be that popular amongst crypto enthusiasts globally, the currency has shown a lot of potential in 2019. In its essence, it is an Ether-based token that serves to power all of the native transactions associated with the Crypterium Wallet.

However, one of the most interesting facets of Crypterium is that 0.5% of every transaction fee associated with the platform is used to burn CRPT tokens, which essentially drops the total token supply volume in the long run (a feature that might prove to be extremely valuable for investors later down the line).

  • All-time High Value: $2.51
  • Market Debut: January 2018
  • 2019 High: $0.709
  • 2019 Low: $0.095

0X (ZRX)

Technically put, we can see that 0x (ZRX) is a permissionless protocol that provides developers with a foundation using which they can create their very own DEXs (decentralized exchanges). Not only that, from a purely operational standpoint, 0x makes use of off-chain transaction relayers and Ethereum smart contracts to eliminate many of the issues plaguing this niche market space.

The ZRX token essentially serves as the fundamental payment unit that drives the 0X protocol. Additionally, it is also used for governance related purposes (especially when network upgrades need to be implemented). Looking ahead at the currency’s financial potential for the year 2020, many experts are hopeful that the token will perform quite well this year.

  • All-time High Value: $2.47
  • Market Debut: August 2017
  • 2019 High: $0.379
  • 2019 Low: $0.15

EOS (EOS)

EOS is a cryptocurrency that was created by Dan Larimer, a world-renowned developer and crypto pioneer, back in 2018. The project first came to the attention of the masses when its associated ICO successfully was able to raise a whopping sum of $4 Billion from investors spread out across the globe.

What makes EOS so unique is the fact that it makes use of a novel consensus mechanism called the delegated POS (proof of stake mechanism) that not many other currencies currently employ. Not only that, the platform does not make use of a fixed mining protocol, instead, block producers are rewarded for generating blocks based on their overall efficiency.

From its very inception, EOS has continued to grow in popularity and since the start of 2020, the currency has been trading around the $2.70 mark.

  • All-time High (ATH) Value: $23
  • Market Debut: July 2017
  • 2019 High: $8.28
  • 2019 Low: $2.35

STELLAR (XLM)

Launched in 2014, Stellar seeks to provide crypto enthusiasts all over the world with a super-fast cross-border payment system that is easy to use as well as transparent in nature. Also worth mentioning is the fact that back in 2014, XLM was trading for almost nothing, however, by the end of 2018, the currency’s value had risen to a whopping $0.94. Heading into 2020, XLM is priced at around $0.06. And even though the platform continues to face increasing competition, many experts are confident that good things lay ahead for the Stellar ecosystem over the coming few months.

  • All-time High (ATH) Value: $0.94
  • Market Debut: August 2014
  • 2019 High: $0.14
  • 2019 Low: $0.044

BASIC ATTENTION TOKEN (BAT)

Basic Attention Token (BAT) is by far one of the most interesting cryptos in the market today. This is because it is an ETH-based token that functions as the underlying fuel for Brave browser’s blockchain-based digital advertising platform.

For those of our readers who may not be aware of what Brave is, it is the world’s only web browsing app that pays users for their surfing activities. Users are given a certain amount of BAT tokens for all of the ads they view on the browser.

  • All-time High (ATH) Value: $0.88
  • Market Debut: June 2017
  • 2019 High: $0.449
  • 2019 Low: $0.105

KYBER NETWORK CRYSTAL (KNC)

The Kyber Network Crystal (KNC) is a cryptocurrency that provides its users with the option of facilitating instant token swaps, Additionally, it should also be remembered that the Kyber network serves as a decentralized, peer-to-peer crypto-asset exchange that makes use of a dynamic reserve pool, that allows the system to maintain its overall liquidity in a highly seamless manner. Lastly, much like Crypterium, the Kyber network too makes use of a deflationary model to minimize its liquidity issues.

  • All-time High (ATH) Value: $5.27
  • Market Debut: September 2017
  • 2019 High: $0.323
  • 2019 Low: $0.11

CRYPTO.COM (MCO)

As many of our readers may be well aware of MCO as a popular digital token that is being used by crypto enthusiasts around the world to gain access to a wide range of products and services. Some of the core selling points of the platform include:

  • MCO Visa cards
  • An MCO wallet
  • Portfolio building services

Additionally, through the use of MCO Visa cards, users can reap several unique benefits such as cashback offers on Airbnb and Expedia bookings as well as 100% rebates on their Spotify and Netflix subscription plans.

  • All-time High (ATH) Value: $21.71
  • Market Debut: July 2017
  • 2019 High: $7.39
  • 2019 Low: $1,89

RIPIO CREDIT NETWORK (RCN)

Even though the overall market capitalization of RCN is quite low at the moment, many experts believe that the currency is destined to break out in 2020. This is because the Ripio Credit Network provides investors/crypto enthusiasts access to a global credit network that is transparent and can connect them with various lenders, borrowers, and loan originators (without the use of a middleman).

If the project can garner the traction that many experts believe it will, it should not be surprising to see RCNs value soar to new heights within the next couple of months.

  • All-time High (ATH) Value: $0.466
  • Market Debut: October 2017
  • 2019 High: $0.056
  • 2019 Low: $0.010

TIERION (TNT)

TNT is an ETH-based token that is used for verification-related matters within the Tirion ecosystem. For those of our readers who may not be aware of what Tierion is, it is a platform that allows crypto enthusiasts/developers to make use of the system’s native blockchain for a host of different data verification purposes.

As things stand, it is estimated that Tierion is compatible with a total of 500+ apps that are designed for the verification of on-chain data. In this regard, as the number of supported apps continues to increase, it would not be surprising to see the value of TNT soar and grow.

  • All-time High (ATH) Value: $0.34
  • Market Debut: August 2017
  • 2019 High: $0.084
  • 2019 Low: $0.011

DECRED (DCR)

In its most basic sense, Decred (DCR) is a fork of BTC that is completely open-source based and lays great importance on things like on-chain governance. To be a bit more specific, the platform seeks to rectify many of the issues that are currently facing the Bitcoin network to create a digital asset that is truly decentralized and autonomous.

As per several reports circulating on the internet, it is being rumored that in 2020 Decred will deploy an innovative hybrid proof of work (PoW) and proof of stake (PoS) consensus voting system to fight global censorship that is currently affecting a large number of people all over the world.

  • All-time High (ATH) Value: $117.76
  • Market Debut: February 2016
  • 2019 High: $35.91
  • 2019 Low: $12.99

BITCOIN CASH (BCH)

One of the largest cryptocurrencies by total market capitalization today, Bitcoin Cash (BCH) came into existence back in 2017 after several key personnel associated with the BTC ecosystem started to have differences of opinion regarding the currency’s block size limits. As things stand, while BTC is primarily viewed as a store of value, BCH is marketed more like an everyday payment currency.

Additionally, it also bears mentioning that back in November 2018, BCH underwent a hard fork that saw the creation of Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV).

  • All-time High (ATH) Value: $3,764
  • Market Debut: July 2017
  • 2019 High: $508
  • 2019 Low: $118.57

Top 20 CryptoAssets Recap

The world of bitcoin, cryptocurrency and blockchain is happening fast. While some want the bitcoin price to moon before, during and after the bitcoin halving, there are many coins, tokens and blockchain projects that are worthy of growing into major players in the 20’s decade.

While BitcoinExchangeGuide covers all trending news and updates, and remains unbiased towards which coins, tokens and cryptoassets covered in our daily cycle of announcements and events, these digital assets stand out as ones we are recommending everyone keep a close eye on as they have real people, real visions and real momentum to withstand the ups and downs of the crypto market and stand the test of time as the world welcomes the blockchain-based era of finance.

These 20 coins are the most prominent virtual currencies to start the new decade and hold further promise that all bitcoiners and crypto enthusiasts should watch out for in 2020. Special shoutout to the resources, industry and experts who helped weigh in on which are the best cryptos to keep an eye out for this year.

Leave comments and feedback below about which coins should be added or shouldn’t make the list of potential catalysts in the 20’s decade.

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Author: Andrew Tuts

MoneyGram Money Transfer Service Gets Investment from Ripple to Boost XRP Adoption

MoneyGram will use Ripple’s On-Demand Liquidity (ODL) solution in Australia, Europe and other important markets.

The US-based and blockchain company Ripple made a $20 million investment in the money transfer giant MoneyGram, announces a Ripple press release. This means Ripple owns a 15% stake that includes non-voting warrants in MoneyGram. This is what the CEO and Chairman of MoneyGram Alex Holmes had to say about the collaboration:

“Our partnership with Ripple is transformative for both the traditional money transfer and digital asset industry – for the first time ever, we’re settling currencies in seconds. This initial success encourages us to expedite expanding our use of On-Demand Liquidity.”

Both Parties Involved Are Sure to Win

Ripple started collaborating with MoneyGram back in 2018 when MoneyGram begun running its pilot program for testing the digital token XRP in order to reduce money transfer costs. In June 2019, the cryptocurrency giant Ripple bought $30 million worth of shares at MoneyGram and signed a 2-year partnership that requires the money transfer company to use XRP when making cross-border payments. When this happened, Garlinghouse said the deal is a crucial milestone in the cryptocurrency space because it helps Ripple prove how efficient the blockchain technology is, while MoneyGram is allowed to remain profitable in times of struggle.

New XRP Markets

The Ripple MoneyGram partnership has proven to be a success, seeing that now Ripple’s ODL solution is processing 10% of the MXN-USD Moneygram transactions. The liquidity index for XRP has gone over the Mexican exchange Bitso’s 6 million mark. With this new investment, MoneyGram will continue expanding to European and Australian markets and the adoption of XRP will be boosted. On November 23, XRP surpassed other major coins and set a new high for the daily transaction volume.

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Author: Oana Ularu