DigiByte Skyrockets Up 285% In Last 30 Days, ‘No Surprise DGB Outperforming, It’s Undervalued’

The top performer among the top cryptocurrencies, DigiByte (DGB) is enjoying 13.75% gains today while trading at $0.0247. This level was last seen in September 2018.

This jump in the altcoin’s price has it gaining entry into the top 30 cryptos by a market cap of $317 million.

A modification of Bitcoin protocol, this cryptocurrency is up over 813% since the March sell-off during which DGB saw a decline of 66%. In March 2020, DGB made a fresh low from the 2018 peak and since then has been on an uptrend.

Currently, up 345% YTD, DGB is still down 83% from its all-time high of $0.141.

Comparing this ongoing rally to the 2017 and 2018 bull rally that added $1.6 billion to DGB’s market cap, DigiByte co-founder Jared Tate said, this one is different with a bigger network and ecosystem.

“DigiByte is not being manipulated, no P&D. We’re seeing sustainable organic growth. No large stake by a single entity, but a true distribution of wealth,” said Rudy Bouwman, co-founder and of DGB and Vice Chairman of DigiByte Foundation.

“What is happening now, should not come as a surprise. We all know DGB is undervalued and therefore now outperforming,” he added.

These gains have been achieved despite the cryptocurrency not being listed on top exchanges like Binance, Coinbase, Gemini, and others.

In the past, Tate had accused Binance and Coinbase of foul play and asking for money to list their cryptocurrency, which DGB couldn’t provide because of having zero funds as a decentralized project.

He explained in great detail about his dealing with Binance and not getting listed on the leading spot exchange.

He yet again most recently took to Twitter to share the “blatant deceit in the new & improved ranking of “mineable” coins” on CoinMarketCap, a crypto tracker site acquired by Binance in a $400 million deal for which the exchange has been receiving a lot of flak from the crypto community.

Founded in 2013, the altcoin is still available on over 100 exchanges such as OKEx, Bitfinex, Bittrex, Huobi, Upbit, and others. In the past 24 hours, more than $13 million worth of DGB exchanged hands, as per Messari and ranks 20th on the basis of this “real” volume.

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Author: AnTy

SEC Comes ‘Out For Justice’ As ‘Beyond The Law’ Star Steven Seagal Charged In 2018 B2G ICO

  • Actor and martial arts performer Steven Seagal has been charged by the US Securities and Exchange Commission (SEC) for failing to disclosed earnings from an initial coin offering (ICO) back in 2018.

The United States’ Securities and Exchange Commission (SEC) released a statement this Thursday, in which it states that the actor – Steven Seagal – failed to disclose payments he received for promoting Bitcoiin2Gen’s (B2G) token and Initial Coin Offering (ICO) in February 2018.

The actor and former martial arts performer faced charges for failing to disclose that he had been offered a $250,000 payment in cash and another $750,000 in B2G tokens for promoting the ICO.

Seagal ‘Zen Master’ Promoted B2G on Social Media

According to the SEC, Seagal took to social media, encouraging his fans and followers to invest in B2G tokens back in 2018.

The SEC also reported that he issued a press release titled: “Zen Master Steven Seagal Has Become the Brand Ambassador of Bitcoiin2Gen”, while another B2G press release quoted him saying that “he wholeheartedly backs the ICO” advising followers to invest to avoid “miss[ing] out.”

Celebrities: Promoting Securities? Disclose Your Compensation

Kristina Littman, speaking on behalf of the SEC’s Enforcement Division Cyber Unit as its chief said the following:

“These investors were entitled to know about payments Seagal received or was promised to endorse this investment so they could decide whether he may be biased.”

Littman further stated that celebrities seeking to use their platform to advertise a product should disclose their earnings.

“Celebrities are not allowed to use their social media influence to tout securities without appropriately disclosing their compensation.”

Meanwhile, B2G Fights Against Pyramid Scheme Accusations

Even when the ICO was launched, B2G fought an uphill struggle against accusations that it was a pyramid scheme. So much so that it issued statements about its marketing activity.

After a month, the Tennessee Department of Commerce and Insurance issued a warning about B2G’s token project. The SEC had previously advised celebrities to not endorse tokens if they are legally deemed securities.

In an announcement released on Thursday 27th February, it stated that promoters “must disclose the nature, scope, and total amount of compensation received in exchange for their promotion”.

Seagal to Pay $157,000 in Disgorgement

The SEC stated that Seagal didn’t respect the anti-touting provisions of federal securities and that he agreed to pay $157,000 in disgorgement.

While he didn’t have to admit or deny any wrongdoing, Seagal agreed to no longer be directly involved in the promotion of securities for a period of 3 years.

His promotional payments are covered by this disgorgement and the investigation will continue, the SEC concluded.

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Author: Oana Ularu

Is it the Time to Go Long on XRP?

  • The third-largest cryptocurrency is the worst top crypto performer of 2019
  • XRP is down 68.4% against BTC YTD which could mean it is in the accumulation phase
  • Trader puts next bull cycle target for the digital asset in 2020 at $28
  • XRP longs are slowly increasing on Bitfinex while shorts take a big drop

The worst top cryptocurrency performer of 2019, XRP is down 41% YTD. In the BTC market, the situation is even worse, negative 68.4%.

Since hitting the peak at $3.92 in January 2018, XRP dropped to its lowest level last month at $0.208. Even now, it isn’t far off from this number. At the time of writing, XRP has been trading at $0.213, in the red by 1.72% in the past 24 hours, as per Coincodex.

With XRP also down by 95% from its all-time high, could it be the time to go long on the third largest cryptocurrency? A lot of investors do believe so.

XRP/USD longs have started to rise again after the drastic drop from late June when the price was at $0.483.

Meanwhile, XRP/USD shorts have taken a big fall of approximately 65% in less than a month. Shorts were at their peak on Bitfinex in November 2018 when XRP was trading at $0.36.

Longs are the dominating sentiments among the Bitfinex’s XRP traders, with over 87% traders long on XRP/USD while shorts are just over 12%.

The situation might be changing as full-time crypto trader @im_calmly says the weekly chart of the digital asset against BTC suggests it is in the accumulation phase. This according to him is a long opportunity that could provide us with a 50% move up that would put it back above $0.30.

Meanwhile, cryptocurrency trader @vajolleratzii is extremely bullish on the digital asset. According to him, XRP follows a cycle where it experiences about 6 months to 1 year of the bull cycle followed by two years of bear cycles.

As per this, the next bull cycle target for the digital asset in 2020 is $28.

Meanwhile, XRP continues to gain attraction. The latest one is from Hugo Cuevas, CEO of Platinum Network and an expert in the money transfer space.

During the LABITCONF 2019 Latin America conference on blockchain and cryptocurrencies that was held in Uruguay on Dec. 12-13, Cuevas talked about how more and more settlements are being done in cryptocurrencies.

Particularly dropping the names of Bitcoin, XRP, and Stellar (XLM), he said while banks are slow in making money transfers, cryptos can do it much transfer and cheaper.

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Author: AnTy