Blockchain Intelligence Startup, TokenAnalyst, Shuts Down; Some Employees Move to Coinbase

Token Analyst, a startup focused on blockchain market intelligence, has announced that it’s ceasing operations after two years in operation.

A medium post by the firm on May 5 notes that it will no longer be supporting its products which include APIs and the TokenAnalyst platform.

According to the blog, the team is proud to have contributed to the growth of crypto and blockchain in areas like transparency:

“Our mission was to bring transparency to the decentralized world, and we believe we made significant progress towards this mission.”

The team, however, added that it will remain committed to developing the open financial system for worldwide adoption. Notably, some of the employees in TokenAnalyst will be joining Coinbase to advance this course:

“While we will not be actively working on TokenAnalyst anymore, we are very excited to announce that some of our team is joining Coinbase.”

The blog concluded by thanking TokenAnalyst’s stakeholders for their support, noting that they have been a big factor in the company’s success:

“It was truly invigorating to tweet/whatsapp/telegram/email/signal 24/7 with crypto enthusiasts from all over the world. It was your incredible support, encouragement, and passion that kept us going and motivated.”

TokenAnalyst founders, Sid Shekhar and Jai Prasad, who are speculated to be among those moving to Coinbase also shared their twitter handles @jai_prasad17 or @sidshekhar24 for further communication.

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Author: Edwin Munyui

Silvergate Crypto Bank Client Base Grew 37% in Last Year; SEN Transfer Volume Is Up 324%

  • Silvergate Bank published its quarterly earnings report on Wednesday, revealing that it’s added 46 new cryptocurrency clients in the first quarter and, because of these clients, it also recorded a surge in its deposits and income fees.
  • Silvergate registered deposit levels from its digital clients primarily because of the uncertainty in the crypto market that followed the black Thursday crash.

Silvergate is among the few US-based banks that cater to crypto-traders among other crypto-related service providers. This situation provides them with a great source of revenue for the bank amid the growing interest of the public in the crypto space.

The bank went public on the New York Stock Exchange in November last year with $2.3 billion in total assets. The addition of 46 new crypto clients has taken the total number to 850. Out of these 850 crypto clients, 541 are institutional while remaining 249 are from different crypto backgrounds.

The bank seems to quite popular among the institutional given their high percentage among crypto clients, even the recent acquisition of 46 new clients, 32 of them were institutional investors. The bank also revealed that they have around 200 clients waiting to be approved as well.

Crypto Investors Biggest Depositors in the Bank

The quarterly report also revealed that deposits from the crypto clients make a significant portion of the total deposit. The first quarter saw an increase of 35% in deposit from these crypto clients taking the total amount of deposit to $1.7 billion out of the total $2 billion.

The figures are self-explanatory on the significance of crypto clients in the bank. While the deposit from these clients increases significantly, the other deposits took a massive dive of 45% in the first quarter.

Alan Lane, CEO of the bank revealed that the average balance of deposits was up by $100 million while it rose to $400 million for the period end deposits, mainly because institutional clients were putting more cash back into their accounts.

The bank also increased the cost of deposits from 0.84% in the last quarter of 2019 to 0.87% in the first quarter of 2020. The rise in deposit fee is significant if we compare it to the 0.08% charge in the first quarter of 2019.

The inflow of crypto clients and subsequent rise in deposit fees have made the bank an additional $300,000 from crypto clients alone. The bank’s net income rose by 22% to reach $4.4 million.

The Bank Doubles Number of Verified Transaction on its Silvergate Exchange Network (SEN)

The first quarter of 2020 saw bank’s Silvergate Exchange Network (SEN) handle a total of 31,405 transactions, more than double that of its last quarter of 14,400 and almost tripled from the number of transactions handled by SEN a year ago.

The trading volume also rose to $17.4 billion from last quarter’s $9.6 billion. The bank has since approved $12.5 million in bitcoin collateralized loan until now.

One of the key reasons behind its success with crypto clients is the ease of service, where it allows the customers to instantly move US Dollars between different exchanges and is also available during nights and weekends just like the crypto markets.

Looking at the success it has garnered from crypto clients, the bank is looking to launch several new features and products on SEN in the near future.

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Author: Silvia A

Bitfinex Rolls Out Shimmer Surveillance Tool To Reduce Suspicious Trading Activities

One of the largest digital currency exchanges, Bitfinex, has made on Tuesday the announcement that it’s going to deploy a proprietary surveillance tool that can combat all the abuse happening in the crypto trading market.

The tool is called Shimmer and will help Bitfinex both identify and investigate potential suspicious and manipulative practices, an activity that’s supposed to improve the market’s visibility and integrity, according to the exchange.

Bitfinex Decided to Develop Its Own Surveillance System

Bitfinex’s CTO, Paolo Ardoino, said about the new tool that:

“Comprehensive market and trade surveillance capabilities are integral to operating a leading cryptocurrency exchange. To meet the complex needs of an evolving digital asset class and to protect our sophisticated participants, Bitfinex has chosen to develop its own state-of-the-art surveillance system. This will help to assure that potentially manipulative practices are rooted out and suspicious behaviour detected.”

In case Shimmer finds anything unusual, it immediately sends the details of the potential manipulation to the exchange’s surveillance team. The information arrives in the form of emails and includes summaries of the suspicious trading patterns on the exchange’s pairs.

What Measures Will be Taken to Stop Manipulation?

One of Shimmer’s ways to block manipulative tactics is wash trading. Wash trading can take place when users buy and sell assets to mislead the market, or are trying layering, the situation of buy orders being used to confuse what’s being circulated about the demand and supply of a specific token.

Bitfinex Suspected of Market Manipulation

Some voices are saying Shimmer is only a mirage, as Bitfinex has ties with Crypto Capital, the controversial payment processing company. It seems the exchange lost funds worth about $1 billion more than a year ago, and the money were in Crypto Capital’s holding. Crypto Capital claims Portuguese, American and Polish officials have seized those funds.

In other words, Bitfinex faces charges of manipulation the market itself, seeing it lost so much through Crypto Capital. More than this, iFinex, which is the company owning Bitfinex and Tether, has a lawsuit going on. This lawsuit was filed by the New York Attorney General’s office and charges the iFinex with using Tether reserves illegally to replace about $850 million of Bitfinex users’ funds.

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Author: Oana Ularu

Bitmain Rolls Out Antminer S19 Miner Sales; Already Sold Out, Won’t Ship Until Halving

Only a month after making the announcement that it’s going to release the crypto mining hardware Antminer S19 Series, Bitmain has put the product on sale.

The sales are to be made domestically first and internationally very soon after. The S19 was called the “future of mining.” It’s the latest ASIC model and available in 2 different versions: the 95 TH/Ss and the 90 TH/s functioning at 34.5±%5 J/TH, and the S19 Pro that comes as the 110 TH/S and 105 TH/S models, both which have a 29.5±%5 J/TH power efficiency.

Unfortunately, stock didn’t last long. They completely sold out within 24 hours.

How’s the S19 Different from Previous Models?

The Antminer S19 surely makes the previous models seem obsolete. Its Pro version functions at the 110 TH/s hashrate, whereas the Antminter S9 at the 15 TH/s one. The S17 version reaches only 55 TH/s.

All this means S19 is the most powerful Bitmain mining rig at the moment. Both the S19 and the S19 Pro models offer the best energy efficiency, which will be very helpful for miners when the hashrate drops together with the Bitcoin (BTC) price.

Bitmain Is Trying to Change Crypto Mining Altogether

Seeing the Bitcoin Halving is very close, Bitmain couldn’t have made a better decision than to announce the S19 at the end of last month, as miners need to compete for a smaller reward. Besides, since the rigs’ hashrate is by far higher, not too many of them are needed for mining only one BTC.

Some people on Crypto Twitter question the date of the release, beliving that Bitmain is trying to hold back the competition, allowing themselves to use them first before releasing them to the public.

Because the price is going too low even for some, many of the miners will have to give up the network, meaning only big players will want to invest in expensive mining equipment at the moment, especially since the prices are continuing to go down. The S19’s price and shipping date haven’t been yet revealed by Bitmain, even if all the specs have been presented.

While 2019 hasn’t been at all easy for BTC miners, it seems like 2020 isn’t going in a good direction either.

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Author: Oana Ularu

Fireblocks Integrates DeFi Lending Platform Compound For Its Institutional Investors

The security platform for institutional digital assets Fireblocks has made the announcement that it’s integrating the decentralized finance (DeFi) platform for lending Compound, which is the second Ethereum (ETH) application in the world.

Those who store assets on Fireblocks will now be able to make a passive income if they access Compound. The Compound algorithmic protocol for interest rates is at the moment managing about $163 million in digital assets with rate interests, stablecoins and cryptocurrencies included. The new partnership will have hedge funds, exchanges and market makers putting their assets on Compound.

Institutions Will Have the Most to Gain

Rober Leshner, Compound’s CEO, said that collaborating with Fireblocks will help institutional clients use the network without any effort. He mentioned that while retail investors won’t have a problem using the system, institutions that have issues with their security and usually deploy funds that aren’t theirs will.

However, Fireblocks made available to all institutional players a multi-party key system for putting funds on its network. Here’s what Compound’s CEO, Michael Shaulov, had to say about the system:

“You can now put governance in place. For example, if someone wants to deploy a million dollars or half a million dollars into Compound, multiple users within the fund would need to approve that transaction.”

He added that Compound customers will hold the assets that otherwise would be dormant. Furthermore, ETH blockchain smart contacts would add a new layer as far as security goes. Here’s what he had to say after:

“The most interesting part is that […] you need to put assets into the smart contract [and] you actually don’t have the counterparty risk that you’re exposed to if you’re using other services that are not decentralized — so arguably you have less risk using Compound than putting your money in JP Morgan or Bank Lehman Brothers.”

How DeFi Holds in a Bear Market?

Since the assets’ prices, of cryptocurrencies included, are going down as a result of the coronavirus crisis, many doubt how resilient some DeFi networks are. For example, the biggest DeFi ETH player on the market, MakerDAO, is allegedly mulling and may head towards a shutdown. At the same time, others prefer to be optimistic, with Leshner saying that:

“[Compound] held up flawless, but it’s been crazy to watch how DeFi sustains itself amidst fifty percent price declines.”

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Author: Oana Ularu

Severelectro Exec: Crypto Miners Have Been Suspended Kyrgyzstan Since September

It’s been over six months since Kyrgyzstan suspended cryptocurrency mining companies in the country, reported a local media outlet.

Before the ban, crypto mining companies had been receiving electricity directly from the Bishkek CHPP and the National Electric Network of Kyrgyzstan. The Central Asian country didn’t have any big mining companies working in the sector until earlier this year they got a big company, but there haven’t been any developments.

“We didn’t have large consumers, they received electricity directly from the Bishkek combined heat and power plant and the National Electric Network of Kyrgyzstan,” commented General Director of Severelectro Iskender Kadyrkulov on the activities of illegally operating crypto mining companies in Kyrgyzstan.

“We had small consumers. But then we revealed a big consumer of 29 kV two months ago. Since September, we suspended cryptocurrency mining companies. Today, Severelectro has no such companies,” said Kadyrkulov.

In September, Kyrgyzstan cut off power to 45 crypto mining firms because they consume more energy, 136 megawatts of electricity, than three local regions Issyk-Kul, Talas, and Naryn combined. The country has been a popular destination for mining due to its cheap energy prices.

A few months back in December, the government of Kyrgyzstan also made a proposal on electricity rates for crypto miners, set within 5 cents but since then there hasn’t been any development.

Last August, the Ministry of Economy of Kyrgyzstan submitted a draft law “On Amending the Tax Code” to introduce crypto mining taxation that has been expected to increase budget revenues — reportedly earning some 300 million som ($4.2 million) from the crypto mining.

This has been after explicitly banning crypto in July 2014 followed by the central bank issuing a warning that virtual currencies as a form of payment are illegal under the national law.

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Author: AnTy

Wallet Provider Blockchain.com Rolls Out Crypto Lending; Borrow Against BTC Holdings

The exchange and cryptocurrency wallet provider Blockchain.com announces that it’s going to allow its users to borrow against their crypto holdings in a new service dubbed ‘Borrow.’

The news about the Borrow service was released on Tuesday. Blockchain.com said it’s going to provide US dollar-denominated stablecoins loans against holdings of Bitcoin (BTC) from its Blockchain wallet. The company also mentioned that loans will be open to wallet holders from all over the world, with the loans being made available as soon as the collateral becomes available.

No Stablecoins for the Loans Mentioned Yet

Blockchain didn’t specifically mention which stablecoins will be available as part of the service, but last year, it added the US dollar-pegged Paxos Standard (PAX) stablecoin. Borrow is a product that comes out soon after the company has opened in August last year its institutional lending desk, a service that met $10 million in originations during its first month of functioning, and $120 million by the month of November 2019.

Here’s what the CEO and co-founder of Blockchain, Peter Smith, had to say about Borrow:

“Institutional and retail investors have the same financial goals – grow wealth and manage risks – but the tools at their disposal are vastly different. Now, with our suite of trading products and Borrow, retail users can trade like the big guys without selling the crypto they’ve stockpiled or leaving their Wallet.”

Lending Has Grown Very Fast in the Crypto Industry

Lending became one of the fastest-growing sectors in the crypto space, seeing the rivals of Blockchain, Binance included, have already introduced similar services into the industry.

The crypto companies BitGo and Babel have announced they had loans of $150 million and respectively $390 million until now. Investors have their eye on the crypto lending space’s potential too.

The BTC and Ether (ETH) loans company BlockFi has raised more than $48 million in 2 funding rounds from 2019 and 2020. In the past, Blockchain has provided its blockchain data streams and wallet only, but in July 2019, it launched The Pit crypto exchange service.

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Author: Oana Ularu

ErisX Now Provides Users Access to Etale’s Institutional Grade Data and Trading Solutions

ErisX has made on January 23 the announcement that it’s offering access to Etale’s institutional trading platform to its users.

This means ErisX members will be able to view market data in real-time, also to manage their account balance and to execute orders via a secure connection, just by using Etale’s API or front end.

The ErisX Platform to Use the Best In-Class Technology

Etale offers complete digital asset trading solutions to institutions, including exchange connectivity, accounting, order management and market data. Its execution algorithms are built on machine learning quantitative models that enable customers to achieve the best execution. This is what the head of product at ErisX, Ian Grieves, had to say about the Etale technology:

“We want to align the ErisX platform with best-in-class technology providers who will enhance the trading experience for our Members. We are impressed with the functionality of the Etale platform and pleased to work with them to offer our Members a high-quality solution to trade digital assets.”

Regarding the partnership, Etale’s CEO, Matthew Cushman, had this to say:

“Their [ErisX] familiar infrastructure for institutional investors, unified platform for spot and regulated futures as well as state and federal licenses to help protect market integrity make the ErisX offering an attractive marketplace.”

ErisX Intermediary-Friendly Model Has Made the Digital Asset Space More Secure

The intermediary-friendly model at ErisX has made the digital asset space more conventional and secure. At the moment, the platform operates a live market for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC). More than this, it also operates a regulated futures market for BTC futures that are physically delivered, planning to expand its futures offering in 2020.

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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

Rumor Mill: The Fed Will Be Launching A Digital Dollar This Week

  • Rumors are circulating that US Federal Reserve is launching a US dollar
  • Looks like, it’s just Crypto Dad & Ex-CFTC Chairman Chris Giancarlo proposing the digitization of the USD

A flurry of rumors about a digital dollar to be launched by the US Federal Reserve is doing the rounds in the cryptocurrency market. It all started with a Tweet that says Fed to announce a digital dollar as soon as tomorrow. Talk about whiplash and a shock!

As Gabor Gurbacs, digital asset strategist at VanEck points out,

“It would be odd if a Fed project would be (pre-)announced in a Swiss conference outside the US by a former US regulator/government official.”

Turns out it’s no one else but Crypto Dad, former CFTC Chairman Chris Giancarlo discussing the prospect of a digital dollar during the Crypto Finance Conference held from Jan. 15 to 17 in St. Moritz.

Digital Currencies to bring a change as big as the Internet

The conference which is described as promoted as the “most private conference on cryptocurrencies and blockchain investors” involved more than 60 speakers that ranged from prominent figures from crypto, regulatory and mainstream space.

From Bitcoin billionaires and Gemini founders Tyler Winklevoss and Cameron Winklevoss, US SEC Commissioner Hester Peirce, Co-Founder & CEO of BitMEX Arthur Hayes, Coinshares CSO Meltem Demirors to Swiss National bank’s Dr. Thomas Moser, Minister Special Advisor to President, Government of Niger – Ibrahima Guimba-Saïdou, CSO at Samsung Electronics Young Sohn and more are all part of this conference. Giancarlo wrote on Twitter:

“Great to speak @CFCstmoritz about digitization of global markets, tokenization of financial assets & why regulators must anticipate exponential rate of commercial adoption.”

Chris believes that looking back we would see digital currencies resulting in as big a change as the Internet, if not bigger. He also predicted that

“our children will be using digital assets during their lifetime as a medium of both exchange, of savings, of holding of assets…that will be digitized as well.”

Rumor or not, Fed should Digitize the Dollar

With the rumors of Fed digitizing the dollar, the same as China’s effort to digitize the yuan circulating, Morgan Creek Digital’s Anthony Pompliano says,

“Whether the rumor is true or not, the Fed should absolutely digitize the dollar.”

Pomplaino (Pomp) explained in an interview with CNBC:

“I think they should tokenize the dollar immediately. If you look at China, they are tokenizing their currency. There’s other countries that will follow. What’s going to happen is there’s not going to be a competition between digital and non-digital currencies. Every currency will be digital.”

This means we’re going to have is a competition of monetary policy. Pompliano said if China has a digital yuan but the US doesn’t it would be much more accessible for people to buy the Chinese Yuan in other parts of the world than the US dollar. As such we might see higher levels of adoption of the Chinese Yuan than the US dollar.

By tokenizing or digitizing the dollar fast, the US can drive that adoption globally and keep it as a global reserve currency, he advises

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Author: AnTy