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Dogecoin (DOGE) spikes over 30% amid Binance listing news

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Dogecoin (DOGE) has been in the news recurrently in recent times following the drop in its price that has been the center point in crypto-circles for quite some time now. The cryptocurrency usually tagged as a “joke project,” is now a significant one following the news that Binance, the biggest crypto-exchange by market capitalization, will list it soon. This listing news didn’t take too long after Ethereum CEO Vitalik Buterin showed his interest in DOGE.

The Ethereum CEO replied to a question from a Dogecoin supporter who asked him on his stance on DOGE. Buterin answered that he is a Dogecoin follower. Following the statement by Buterin himself, lots of Dogecoin enthusiasts on Twitter expressed that he deserves a Dogecoin t-shirt.

That aside, today, Binance crypto-exchange revealed about the listing of DOGE on its platform. The number one exchange’s announcement reads,

“Binance will list Dogecoin (DOGE) and open trading for DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, and DOGE/USDC trading pairs at 2019/07/05 12:00 PM (UTC). Users can now start depositing DOGE in preparation for trading.”

As we write this, the price of DOGE increased by 32.36% following the news of Binance listing. It is vital also to note that DOGE 24-hour trading volume also spiked to $123,599,008 alongside its market capitalization, which is now at $505,751,703 after being at $338 million last week. According to coinmarketcap, the price of DOGE stands at $0.004293 at the time of writing.

Dogecoin price
Source: CoinMarketCap.com

The CEO of Binance Changpeng Zhao emphasized on the reasons behind the decision to add Dogecoin to his platform. Zhao stated through his official Twitter page that it was the enormous users or community behind the coin and the famous Ex-CEO Elon Musk that influenced DOGE’s listing on the largest crypto-exchange.

It is essential also to note that last year, Zhao said that he would no longer involve himself in deciding which crypto-coin to list on Binance. He declared that there would not be any firm metrics to be listed, but if the crypto-project has a good-working product and an enormous level of users get interested in it, then it will be listed on the exchange without a second thought.

The creators of Dogecoin produced it as an attempt to foster a “better” method of digital assets among the crypto-community that was exhausted with technical issues and controversial stories. After using the DOGE meme of the Shiba Inu dog as the token’s periapt, its originators Billy Markus and Jackson Palmer wanted to create a fun crypto-coin that could reach broader demographic than Bitcoin.

Billy Markus and Jackson Palmer also wished to offer the crypto-world the same level of functionality as Bitcoin and other notable cryptocurrencies in the crypto-market. It implies that the DOGE can also be utilized for P2P payments, conversion, trading, and mining just like Bitcoin. Dogecoin is a standard altcoin, and it was launched in December 2013. It is now the 27th largest cryptocurrency in the market today.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Binance Starts Margin Trading and Sticks to its ‘Build’ Philosophy

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Binance now allows margin trading on its exchange, and it is still going through the testing phase. In a Twitter announcement, CEO of the leading cryptocurrency exchange, Changpeng Zhao said that the world’s largest exchange was finally bringing the long-promised feature to its customers.

In the announcement, CZ mentioned that while Bitcoin was “on a tear on price”, Binance 2.0 is being released for everyone and it will be bringing margin trading.

Two days and the first liquidation

It has only been two days since the margin trading was announced and there was already one high profile liquidation on the exchange. In another Twitter missive, the CEO affectionately known as CZ in the cryptocurrency world said very plainly – don’t bet against Bitcoin.

The world’s first cryptocurrency margin liquidation was not a surprise to anyone. Margin trading is extremely dangerous in volatile markets. It was in fact meant for traders to get larger gains from slower moving markets such as forex, where the changes are not as large.

The reason many have been clamoring for margin trading in crypto is due to the massive gains that can be made with margin trading – which comes at a huge cost. If the bet is wrong, then the amount lost can be multiple times more than those seen on traditional trading platforms.

Margins a new trend in crypto

Bitfinex is preparing to offer its customers 100x leverage (something that BitMEX already offers) and there is speculation among the general crypto community that many more exchanges will follow this trend. The question many are asking – is it worth it? Does crypto really need margin trading when the price is so volatile that giant profits can be amassed without the need to inflated them?

Bitfinex CEO Paolo Ardoino says that there will be appropriate measures in place to safeguard customers. One such measure is the “steep margin requirement”. In simple terms, this means that anyone looking to go big with that kind of leverage will need to put in a vast amount of money in the first place.

He also adds that this will be another instrument for customers, and will not replace the current 3.3X leverage that BitFinex offers. However, there are many in the industry that are wary of Bitfinex. The company is still in the crosshairs of the New York State Attorney’s Office.

Subsequently, none of that is a problem for Binance, they just keep growing. The world’s largest exchange will keep getting bigger so long as they take risks, but there must be caution. The quick liquidation on its exchange is proof perfect of this and how much Binance does to mitigate the actions of new traders is going to be a key component of Binance’s continued rise.

The currency based on the Binance blockchain is also growing steadily and has come close to breaking the $40 barrier. Their DEX has also seen more and more support from a wide swathe of the industry. All in all, it seems as if Binance is simply becoming unstoppable.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Binance, the biggest crypto exchange, won’t be serving U.S. customers anymore

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Corporate and individual customers will not be getting service from Binance, from September on. That’s what the trading and exchange platform announced today.

If you have some degree of expertise, you’ll be able to use a VPN so that your account, which will have to be unverified, can remain active and work around the restrictions. It’s not optimal, but it’s possible.

Binance is one of the world’s most important cryptocurrency trading platforms, based out of China. Its total traffic from the U.S. is about 15%, so it’s not determinant, but it’s still quite relevant. But that 15% will be left without service soon on Binance.com, the company’s primary platform.

The terms of use

This comes out of Binance’s updated “Terms of use,” which nobody reads for the most part.  Well, this time it turns out that you should read them in full. The new terms state that the crypto exchange “is unable to provide services to any U.S. person.” After September 12th, users could still access their digital wallets and their funds, but trade won’t be a possibility for them then.

Binance’s total traffic comes from the U.S. at a rate of 15%. It’s not that high if you take into account that it used to be 30% only 18 months ago.

The platform trades in over than 150 digital assets, and it’s one of the most critical services in the world.

Other options

It doesn’t mean that everything is finished for US-based customers. They can remain unverified and still withdraw as much as two BTC without submitting to the verification process. This would need users to have a VPN so that they can work around the verification, but it can be done. The new policy says that:

“some users may be required to furnish evidence showing that their account registrations are consistent with Binance’s Terms of Use.” If you break the rule, you can’t use the platform anymore.

American Binance users will surely look for alternatives so that they can redeem their digital wealth. The company knows that, and it’s offering an option. There will be a different fiat-to-crypto service so that U.S. customers can still be served with full compliance with their domestic law.

Binance’s CEO, Mr. Changpeng Zhao, remains optimistic about all of this. He used his Twitter account to say:

https://twitter.com/cz_binance/status/1139391325172715522

Binance is not so innovative on this. Binance DEX affirmed it would be blocking U.S. customers, and users from other 28 countries, during next month. Bittrex did the same for 32 different countries after Poloniex did its thing as well.

So Binance is merely following BitMex and Bitfinex because the regulations just look bad for them. Then Huobi started to do the same, and Binance went along because they’re partners.

Binance will continue to offer trades in cryptocurrencies. Uganda, Jersey, and Singapore are in the works. Binance will cover every continent because they’re global. Yes, it will be all about Ethereum and Bitcoin, but they will remain around.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

The best Dash wallets (Android, iOS, hardware and software) 2019

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The Dash (DASH) cryptocurrency is quite the popular cryptocurrency. Its features are similar to Bitcoin’s. That’s natural since it started as a Bitcoin fork, but it’s more advanced in many ways because it’s a newer project. The coin’s peculiarities include decentralized governance and fast transaction speeds that also allow for untraceability.

It gives full power to its users to transfer tokens into their wallets as they wish. So if you want to use your Dash coins to pay for your coffee, or to recharge your mobile, pay at a restaurant or any operation of the sort, you can just open your Dash wallet and do it whenever you want, wherever you want.

And to make things even better, the services in the Dash network are high-quality but very cheap. It enjoys worldwide adoption by both individuals and businesses because transfer fees are low, and transactions are settled almost in real-time.

In this article, we’ll offer you a guide to some of the best Dash wallets, which enable you to store or use your Dash tokens.

Dash Core

You can find this wallet at www.dash.org. It’s a desktop wallet, effortless to use, safe and free. If an excellent Dash wallet is what you want, you should be considering this one. It offers all of the features in Dash (despite being free) including InstantSend or PrivateSend, also management for master nodes and governance.

It gives you complete control over your Dash currency and enables you to verify the source code and binaries if you’re so inclined. Full validation is supported out-of-the-box, so you don’t need to trust the platform because there’s no bridge between your service and the dash blockchain. There’s a catch. The high security and features in this wallet require quite a bit of space in your hard-drive.

The point in Dash is to bring you all the goodies you have with other digital assets while avoiding some of the limitations they have. The user interface is intuitive without losing security, and the user’s freedom and control over the assets are paramount. It transacts directly from Dash’s network, which means that receiving, sending, and storing the coins is as safe as you can get. Other exciting features include:

  • Transacting with dash coins in a matter of seconds, whether online or not.
  • Payment facilitated by Face ID recognition.
  • Easy recovery phrase so your funds can be recovered when the device is unavailable.
  • Hardware encryption that secures storage.
  • No extra or hidden fees.
  • Open-sourced.

If Dash is your go-to cryptocurrency, this is the wallet you need.

Coinomi

Head to coinomi.com to find this easy to use mobile wallet. It’s not as safe as Dash Core, but it’s good enough, and it’s also free.

It’s one of the best wallets to store Dash as well as other digital assets. It, fortunately, lacks Know-your-customer red tape, which makes everything agile. You can use your tokens whenever you want without the typical KYC restrictions. It doesn’t track transactions; it doesn’t link to your identity or associates the wallet to an IP address.

Operating by hiding IPs means that every user’s request is anonymous in the network, so there’s no need to worry about leaving a track behind. Another exciting feature is the ability to convert between several cryptocurrencies in real-time and privately inside the wallet. This is facilitated by the project’s strategic partnerships with Shapeshift and Changelly.

The security is built around the Hierarchical Deterministic Wallet protocol (BIP44) which allows for high security without hampering accessibility. It uses a single sturdy passphrase which needs single backup only.

Unlike Dash Core, this wallet doesn’t transact directly on Dash’s blockchain, so you have to rely on the provider’s services for your transactions to be completed. This wallet’s users should make sure there is no malicious code when they download this particular wallet because that could hazard your device’s integrity.

This project is always moving forward and innovating. This is a wallet that can serve both rookie and experienced cryptocurrency users, whether they use Dash or other altcoins.

Jaxx Liberty

It’s very safe, free, easy to use, and more versatile because it’s available in both mobile and desktop versions. It’s at https://jaxx.io/support.html.

The wallet was created and is maintained by Decentral, a Canadian software company. It’s one of the best wallets in the Dash environment. Users who want a multi-coin wallet will be particularly pleased with this one, as it supports upwards of ten already, and it keeps adding support for other assets. The restore funds option is particularly easy to use as it only takes a 12-word security seed key for backup.

The best overall feature in Jaxx is probably the control it gives to users to export and import encryption keys whenever you like. The interface is easy-to-use. The developing community is very active. ShapeShift integration also allows converting assets instantly without leaving the wallet.

The dash-centric features missing in Jaxx are InstantSend and PrivateSend, so while the wallet works very well and it’s safe, free and reliable, you will lose some of the dash flavors if you opt for it.

It’s available on Mac, Windows, and Linux as a desktop application. It’s also available as a mobile app for both mobile phone giants (Apple and Google). If you’re the kind of guy who prefers wallets as browser extensions, you can get this one for Google Chrome and Mozilla Firefox.

The wallet is good, for sure. But you have to trust the vendor’s server (because you’re not transacting on the blockchain directly) and you must be sure that there is no additional malicious code upon downloading and installing.

Trezor

Trezor is widely regarded to be the best hardware cryptocurrency wallet in the market. While it’s powered by open-source software, it’s not a free service because you can only use it if you buy the device. But it’s probably the safest wallet. It’s small, not too expensive, and very reliable.

The advanced cryptographic technology in Trezor allows users to store their private keys and carry out transactions securely without revealing any private keys. So a Dash user controls its coins in total. Simple Payment Verification allows users to confirm transactions with minimal trust if transfers were settled.

This impressive piece of hardware comes from SatoshiLabs, in the Czech Republic. It’s small, portable, and very sturdy because of a body made from aluminum and plastic. It comes in three colors (gray, white and black) and it includes an OLED screen so users can see their 9-digit code and the 24-word passphrase.

The offline storage characteristic of Trezor (cold storage) adds an extra security layer.

The device supports many different cryptocurrencies, including all the most popular options. It doesn’t support InstantSend or PrivateSend, but maybe that’s a small price to pay for the high degree of security offered by the cryptoverse’s most reputable hardware wallet.

Ledger Nano S

This is another hardware wallet. While it’s not as highly-reputed as Trezor, it’s still trendy because it has a familiar form factor (it looks like a run-of-the-mill USB stick) and it’s very reasonably priced.  If you have lots of Dash, this is a good option for you. And it also supports many other tokens. It’s a perfect multicurrency wallet.

Once you buy one of these cute little toys, you’ll get it out of the box, and you’ll have to set it up with a passphrase. You will use the phrase to create your own private keys, and you will own them for good. That ownership increases security significantly so you can keep using your wallet even in a hacked device. The whole setup process takes no more than three minutes. You can send Dash to other wallets using the wallet’s web version.

The hardware includes a tiny screen that enables you to regulate your transactions. It’s a very friendly device, even for beginners. Its reputation is excellent, and it’s compatible with the web.

Exodus

The last wallet in our list is a desktop one you can find at https://www.exodus.io/. It’s very safe, easy to use, and free of charge.

It supports many altcoins as well as exchange functions within the wallet. Access to your funds is protected by fully encrypting your transaction and private keys. In this wallet, you do away with accounts, third-parties, and information sharing. It works in Windows, Mac, and Linux. It’s a good option for Dash users.

The wallet’s main feature is how easy it is to use. If you’re not an expert and you’re just getting started as a cryptonaut looking to perform your first cryptocurrency transfers, this could be the option for you. Of course, you’d need to master the necessary steps.

Exodus’ user interface is nothing short of beautiful, and it gives users all the information they need about their portfolio. It’s 100% free of charge, and you can download it at any time you wish. It supports, Dahs, of course, but also all of the crypto’s top currencies.

We’ve mentioned ShapeShift’s integration into other wallets several times in this article, so it bears saying that Exodus was the first one to include that service into its platform.

Guarda

Guarda wallet was created to provide users with a better experience in the cryptocurrency industry. The wallet supports over 45 chains and over 10,000 tokens. The wallet has reiterated its focus on a multi-platform approach and has web, desktop, Google Chrome and mobile devices versions available

Guarda also offers the multi-signature facility, staking, and support for privacy-oriented coins such as Monero and ZCash.Using Guarda, people will have the first-hand experience with an in-built exchange service as well as a lowered exchange amount for some cryptocurrencies trading pairs.

Guarda, which already supports Tron based tokens, also allows users to buy Tron coins using an inbuilt purchase service.

Conclusions

Digital technology changes very quickly, and so does the cryptoverse, and you can’t seize the power of crypto if you’re not updated.

Dash, however, has been around for several years already and it’s achieved full maturity, which translates into stability. In other words, this project is set, and while it will undoubtedly continue to be innovative, the fundamentals are hardly going to change in the next few months or years.

So how should you choose a wallet for your Dash? If you have a lot of Dash coins, security would be more vital for you so hardware wallets would be the best way to go. No, they’re not free, but they’re not that expensive either (especially Ledger Nano S), and they will give you peace of mind regarding your Dash and any other cryptocurrencies you may hold.

If you own smaller amounts of Dash and flexibility and convenience are your main priority, but you still want to have a reasonable degree of security, then mobile wallets could be the way to go. They’re very convenient. But then you’d have to very very careful not to lose or damage your phone.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

After Ripple’s XRP and Tron, Travala now supports Litecoin too

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With every passing day, cryptocurrency space is becoming more progressive as well as competitive. To beat their supposed competitors and shine in the limelight of the mania for longer terms, the only shared priority of every significant crypto project is to seek for massive adoption, which only happens when their digital asset gets introduced to masses. That is why the recent development by Litecoin foundation can be considered as a magnificent achievement.

According to the recent news circulating in the crypto-mania, Litecoin, the 5th largest cryptocurrency in the market (in terms of market capitalization), has partnered with Travala.com, a leading blockchain-powered digital currency accommodation booking platform. In the lights of this partnership, LTC users will now be able to save up to up to 40% from their hotel bookings through Litecoin’s LoafWallet (an Android and iOS wallet for Litecoin).

Along with this, Travala will also be responsible for the accommodation arrangements of the upcoming Litecoin Summit that will take place later this year, in which top blockchain and visionaries like Charlee Lee, Founder and the CEO of Litecoin, Anthony Pompliano, Co-founder of Morgan Creek Digital, and Tim Draper, Founder of Draper Associates, will appear key-note speakers.

The #TravelWithLitecoin campaign that got launched as a result of this partnership is the continuation of #PayWithLitecoin. Just like the former’s, the responsibility of #TravelWithLitecoin campaign is to promote LTC usage for everyday business among their prestigious community.

Speaking about the partnership with Litecoin, Matthew Luczynski, CEO (and Founder) of Travala.com expressed his views saying that the alliance is a significant achievement for both parties as it will enable to welcome all those who share their vision of the crypto economy. In his own words:

“The consumer is in the driver seat when it comes to achieving mass-market cryptocurrency adoption, and we’re delighted to embark on this journey with the Litecoin Foundation with a unified goal: to bring the mainstream use of cryptocurrencies into everyday life. This is a proud milestone for us as we continue building out our platform to welcome those who share the same vision for the crypto economy”.

Charlie Lee, Founder and Managing Director of the Litecoin Foundation, also expressed his views about the newly developed partnership as follows:

“We are excited to work with Travala.com to make it easier for Litecoin users to #TravelWithLitecoin. Nothing aids mass adoption more than real-world use cases, and the opportunity to use a global currency like Litecoin to travel around the world is a powerful one.”

Having its presence in more than 82K locations in 210 countries and territories, Travala.com functions as a doorway to a comprehensive travel booking experience. Along with the new addition of Litecoin, the blockchain-focused travel booking platform also accepts other major cryptocurrencies as well that includes, Bitcoin, Tron, Bitcoin Cash, XRP. The platform also supports the general online payments options including Visa, PayPal, and MasterCard.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Binance hack saga: From getting hacked, to community unity, to getting security help from McAfee

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In recent times, Chengpeng Zhao-led cryptocurrency exchange, Binance, has become somewhat of a prestigious entity in the crypto world. It is not just one of the leading digital exchanges in the space but has also gained tremendous popularity among the crypto-nerds because of its low transaction fees, high liquidity and specials discounts if users pay in BNB (exchange’s native token).

On Wednesday morning Asia time, Binance published a blog post on the medium which shook the whole crypto-mania as the exchange disclosed that they discovered a large-scale security breach into their network.

According to the release, On May 7th at 17:15 (UTC), cybercriminals (the hackers) were able to penetrate the “so-called” secure hot-wallet of the exchange and siphoned off approximately $40M worth of 7000 BTC.

The hackers were able to procure API keys, 2-factor authentication codes and other information through phishing and viruses techniques that helped them to carry out the transaction. The crypto exchange notes,

“The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time. The transaction is structured in a way that passed our existing security checks,”

Binance further said in its statement that,

“It was unfortunate that we were not able to block this withdrawal before it was executed. Once executed, the withdrawal triggered various alarms in our system. We stopped all withdrawals immediately after that.”

Although, digital exchanges getting hacked has become quite a norm these days as according to the Wall Street Journal, up to $1.7B worth of digital currency has been stolen over the years by cyber thieves. But now that becoming the case with the technology like Binance, which is famously regarded as the hyper-secure and impregnable, to get hacked, posed yet another warning to the crypto-nerds that “your money might not be as safe as you think.”

In the wake of this unfortunate incident, the crypto exchange ensures its community that they need not worry whether their funds will be affected. On the contrary, they will be compensated entirely through the exchange’s internal insurance system named “#SAFU fund.” In other words, it is in fact, the company which got harmed from this malicious attack with the loss of almost 2% worth of its BTC reserves.

Crypto-community jumped all over with their offers to help

Soon after the announcement was made, various digital exchanges started to work with Binance to impede any deposits connected with the hacked wallets. Whereas, the community offered their help to the victim via donations. In the meantime, Justin Sun, the CEO of Tron and BitTorrent, also offered his support to his friend (Binance’s CEO CZ) over Twitter (his usual medium for connecting with crypto-mania) to buy $40M worth of BTC, BNB, TRX and BTT that equals the reported theft from the exchange (7000BTC) if Mr. CZ permits.

Chengpeng Zhao though responded with appreciating words for everyone stating that “We are hurt but not Broke” and “we will cover the loss from the #SAFU fund.” His tweet reads:

John McAfee, the digital security expert also came forward to pledge his support for the platform after he heard the unfortunate news. Using his Twitter account, the software mogul while flaunting his 51 years of experience in cybersecurity, offered his help to Mr. CZ.

Interestingly, little time after the help was offered (approximately 2 hours), Binance’s CEO responded to Mr. McAfee by accepting his proposal to benefit from his expertise.

Apparently, both are in communication with each other regarding the issue and hopefully, it will bring a fruitful conclusion to the ongoing Binance hack saga.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Binance delists Bitcoin SV (BSV) because of founder’s behavior

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Changpeng Zhao is Binance’s CEO and founder. And Binance is the world’s largest and most influential cryptocurrency exchange in the world, so when Mr. Zhao speaks, the cryptosphere listens. It’s much like how the world pays attention to every word that comes out of the Fed’s president when it comes to Forex and fiat currencies, primarily the USD.

Craig Wright

Another character in this article is none other than Craig Wright. This is a complex and cantankerous character which has some degree of charisma. He’s a very divisive figure in the cryptocurrency environment. He’s claimed to be Satoshi Nakamoto himself, he’s the man who got the whole “Ripple as a security” controversy started, and he likes to speak loudly against any cryptocurrency he disapproves of (and the list is long). Not too long ago, Craig attacked Tron, too.

His latest exploit was to create enough tension within the Bitcoin Cash project so that the project had to split (fork) into Bitcoin Cash ABC and Bitcoin Cash SV. The SV (BSV) version has not performed very well since the original (BTC ABC recovered quickly from a drop in price). That puts a dent on Mr. Wright credibility since that’s the blockchain project he currently leads for all practical purposes.

How the latest clash between CZ and Craig started

Keeping up with his established character, Mr. Wright went after the Twitter user that came up with the Lighting Torch initiative, who goes by Hodlnaut. Mr. Hodlnaut called Mr. Wright a fraud in a Tweet because he insists on being the real Satoshi Nakamoto.

The controversial crypto personality must have taken this comment in a very personal way (which is rather strange as lots of cryptonauts have expressed similar or worse opinions about the man) and declared open season on the Twitter user. He’s offering USD 5.000,00 in BSV for any information regarding Hodlnaut’s true identity.

The community hasn’t reacted very favorably to Mr. Wright’s initiative, and the hashtag #WeAreAllHodlonaut has popped out in Twitter to express support for the Twitter user (whose account is now deleted).

Hodlonaut was indeed very vocal about his opinions about the BSV founder. He called him “a very sad and pathetic scammer. Clearly mentally ill” and he also played a role in creating the #CraigWrightIsAFraud hashtag.

Things are getting so hot that even Wright’s lawyer had to come forward and speak on behalf of his client. He defended him by saying that “has not fraudulently claimed to be Satoshi Nakamoto” because he is Satoshi Nakamoto.

His statement also says that he wrote the now legendary Bitcoin white paper, completed the first Bitcoin transaction, and was pivotal for the network’s growth and development. And he now wants Hodlnaut to offer him an apology and to acknowledge his allegations as false.

Hodlnaut is not alone at all in his views about Mr. Wright. This person is widely known as “faketoshi” in the crypto verse. As shown in the above tweet, according to WikiLeaks, he’s “a proven serial forger of documents claiming that he is the inventor of Bitcoin.” Motherboard news published an article almost four years ago in which he denounced the “proof” Wright provided for Bitcoin’s authorship. It said that they were “probably backdated and point to a hoax.”

But for some reason, Craig Wright has chosen to pick on an anonymous (and influential) former Twitter user to vent his anger about the community’s doubts. And that’s not all.

Mr. Wright’s problems do not start and finish in the virtual world. He faces a USD 4 billion lawsuit against him for stealing (allegedly) about 1.1 million BTC from the late David Kleinman’s estate. Mr. Klainman was a crypto developer when it was just getting started.

And last December a researcher reported that the Bitcoin SV allows for tokens to be spent twice which is equivalent to say that it’s utterly useless as a genuinely useful cryptocurrency.

So when you put all of the information in the previous paragraphs together, it’s no wonder that lots of people in the cryptosphere are sick and tired of Craig Wright’s antics. Which brings us back to Binance and its CEO.

Binance’s warning

Mr. Zhao announced last Thursday that he’s ready to delist BSV from Binance if the controversial founder doesn’t change his ways. The community reacted by supporting Mr. Zhao’s position and encouraging other cryptocurrency exchange platforms to do the same and stop supporting the BSV coin.

That could be a possibly fatal blow for a blockchain project that’s already facing bad times and that. And guess what, Binance CEO did not take long take an action after the warning.

The ball is in Craig Wright’s court, of course. It will be fascinating to see how he decides to manage this situation.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron’s BitTorrent adds another feather to its cap; records sixth highest market volume

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Tron and its partnerships have created a storm in the cryptocurrency space with several updates and developments coming from the Justin Sun led cryptocurrency company. This move has only been overshadowed by Tron’s recent bullish surge on the charts, making it one of the biggest gainers on the charts.

Latest reports show that Tron’s acquisition BitTorrent’s BTT token has grabbed the sixth position on the cryptocurrency charts in terms of trading volume. The coin which was just released last month is also closing in on six times the pricing of is Initial Coin Offering [ICO] a week ago.

Recently, BitTorrent recorded a flash hoke where it pumped by over 50% within hours. At press time the token is valued a $0.009611 while recording a market cap of $546 million. What made the volume figure jump out was the fact that it as more than that of popular cryptocurrencies like XRP, Tron, Stellar and Bitcoin SV.

The BitTorrent token was also in the news recently when its public sale got over in record time on the Changpeng Zhao led Binance. A total sale of 59.8 billion tokens was made during the sale. The timing could have been cut short if not for a technical glitch that was pointed out by both Changpeng Zhao and Justin Sun. Sun had tweeted:

“I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX”

The Tron CEO had also revealed that 5000 BTT tokens were successfully transferred in an airdrop. He further said:

“#BitTorrent (#BTT) has completed an airdrop of 5,000 $BTT to all users that were eligible but unsuccessful in purchasing BTT on @binance Launchpad. #TRON #TRX $TRX”

Image courtesy of PixaBay.

SR Rewards – TOP 5

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In a previous article, The Tron Standard, I talked about the benefits of having a democratic process for running a blockchain network. The conclusion was that it’s the most efficient and self sustaining method, through which all parties involved win and contribute to the development of the ecosystem. In this article I will focus on the community’s benefits for voting Super Representatives.

The battle for a SR position is fierce. New SRs are entering the scene every now and then, and causing turmoil. The 27 positions are occupied by the teams and projects most trusted by the community. However, the rewards granted for voting for a SR, play an important role as well. Thanks to the TronGoodies website, it is easy to see the current rewards.

Current ranking:

1. SesameSeed. It’s no secret that voting for Sesameseed right now grants the biggest rewards. A total of 8.89 SEED for every 100K votes, every 4 cycles means a total of 49 TRX at 1:5.5 conversion rate in Telegram trading channels. However, this big reward does not come without any risks. Without a fully functioning DEX, most of the trades are performed in Telegram trading channels where scams have been on the rise lately. Editing Buy/Sale messages is a known issue that is yet to be fixed. Same goes for trading decimal messages by mistake, and selling SEED for .6 or .7. So even if the SesameSeed voting reward is bigger than most SR’s, an additional involvement from the voters is required if they desire to convert their SEED to TRX, and it’s not risk free.

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SesameSeed are well known on the Tron Network as being ecosystem builders and DApp funding accelerators. They have a track record of delivering on time, being professional and helping the Tron community.

2. TRONSiliconValley. Voting for TRONSilliconValley with 100K TRX would grant you 25 TRX every 4 cycles, placing TRONSilliconValley on the second place terms of profitability. This SR is currently offering 90% rewards back to its active voters, have a gambling DApp and have launched their token on the network called WIN. The team members wish to remain anonymous.

3. CryptoGirls. Recently CryptoGirls decided to increase their shared rewards to 85%. As a result, they were placed on the third place regarding rewards granted to their voters. Currently, 100K votes for Cryptogirls would grant you 24.83 TRX every 4 cycles. The advantage for voting Cryptogirls is the fact that you get paid automatically in TRX. You can easily check your upcoming reward on their website. CryptoGirls’s future plans focus on developing and sponsoring the development of tools for the community.

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CryptoGirls are known for helping several SR candidates run nodes on the Tron Network. They also guided several SRs such as Tronstronics, Tron-Europe, and SR candidates such as CommunityNode, Swisstron and FreeSpaceWIFI to implement and configure the CryptoGirls automatic script to pay voters. They developed personalized versions of their script for token creators such as CityUPTAKE and Tronstronics to distribute TRX tokens instead of TRX to their voters, or to airdrop tokens to the wallets that own that token.

4. Tronstronics. Voting for Tronstronics with 100K TRX would grant you 5.63 TRX every 4 cycles, and additionally, 1000 of their own token called Tarquin. Tarquin is currently sold at about 34 TRX for every 1000 Tarquin. The reason Tronstonics is on the 4’th place in terms of rewards is because Tarquin has a limited number of people interested of trading it. Unlike SEED, it has a reduced liquidity and it doesn’t have a clear use case, but it does have SEED’s trading risks in Telegram channels.

5. TronWalletMe. Voting for TronWallet with 100K TRX would grant you 24.46 TRX every 4 cycles. This SR already has a functioning product, a wallet which you can download from Google Play and Apple Store. The team also has their own token called TWX which will be used on their soon-to-be launched P2P DEX.

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These are the best rewarding 5 SR’s at the moment, which are available on the https://www.tokengoodies.com/ website. Keep in mind that these numbers and rewards are constantly changing, so the numbers in this article might be old news in a few days/weeks/months. Do your own research and vote for the SR which you desire. Sometimes the highest paying SR may not necessarily be the the best choice. It all depends on your perception of them, your values and your objectives.

Tron Price Analysis

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The cryptocurrency market opened today, November 9, to almost all the cryptocurrencies seeing red. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Tron [TRX] all witnessed a price bleed after a few days of price hikes. At the moment of writing, there was a systematic fall across the cryptocurrency spectrum.

1 hour:

https://ambcrypto.com/wp-content/uploads/2018/11/TRX-1-HR-1.jpg

The Tron one-hour graph shows the cryptocurrency form triangle with the uptrend and downtrend acting as the slopes. The price uptrend saw the price rise from $0.0232 to $0.0247while the downtrend saw Tron falling from $0.0248 to $0.023. The immediate resistance was holding at $0.0248 while the support has been maintaining at $0.0215.

The Parabolic SAR points to the price dropping which is evidenced by the markers being above the candles. This trend has been persistent for more than 24-hours.

The Chaikin Money Flow indicator shows the graph right at the axis, which still puts the cryptocurrency in the bullish zone. The fall from the top of the graph also indicates the money going out of the market due to the change in investor sentiments.

1 day:

https://ambcrypto.com/wp-content/uploads/2018/11/trx-1-day-3.jpg

The Tron one day graph shows the coin suffering an acute downtrend which has bought the price down from $0.0571 to $0.0231. The support for the cryptocurrency has been holding at $0.0182.

The Bollinger band shows the dominant sideways movement as indicated by the strict pipe like formation of the upper band and the lower band. Compared to the earlier breakouts, the currency Bollinger clouds have significantly reduced in size.

The Awesome Oscillator has shown a drastic reduction in the market momentum with the graph almost negligible now. The immediate green markers point to a hike in the momentum.

Conclusion:

The above-mentioned indicators majorly point to the current sideways price movement persisting. The Chaikin Money Flow indicators, on the other hand, shows a positive change in the investor sentiments.