After a stellar first half of 2019, EOS has been under the tight grip of the bears. From a 2019 high of $8.6503 in June, the cryptocurrency has plunged all the way down to $3.06 by the end of August. That’s a massive devaluation of close to 65 percent in about three months. The sharp correction is giving some traders more reason to doubt that a recovery is in sight. A pseudonymous account named...
EOS received a major boost in awareness this week thanks to a Chinese television show that featured a popular blockchain RPG called Crypto Sword & Magic. "ICS Money Talks," the only English-language business program in China, aired the piece with a distinct view towards the massive potential of blockchain gaming. Tokenized gaming opens up a whole new revenue stream for dedicated players and...
Bithumb, one of Korea’s largest exchanges by reported volume, has decided that Koreans are not adequately represented in the EOS network. Korea Gets a Voice In EOS Governance The exchange claims that as much as 10% of all EOS belongs to Koreans. In a letter to users this morning, Bithumb said: “One of the important characteristics of EOS is that those who hold EOS can elect EOS block producers by...
The global cryptocurrency market lost $58 billion in a flash crash on Thursday morning as bitcoin makes a retreat. The combined value of the world’s cryptocurrencies dropped from $386 billion to $328 billion - a 14.9% loss overall. Just hours previously Bitcoin had been flirting with the $14,000 mark; now, BTC is struggling to keep a foothold on $11,500. Worst affected was the altcoin market...
It’s no secret that the Bitcoin price is gaining and gaining, but other coins up near the top have seen corrections as a result. Some coins automatically increase in value if they’re mostly traded against BTC. Crypto Markets Auto-Correcting? If traders feel uncomfortable with these new values, they can trade these downwards, which is precisely what’s happened in at least the following five top...
By CCN Markets: Weiss Crypto Ratings on Friday announced that it is downgrading the technology score of EOS, a blockchain protocol developed and distributed by Block.one. The US-based economic research agency said EOS has "serious problems with centralization," three months after it put the project among the top three blockchains alongside Ripple and Bitcoin. Weiss argued that Block.one has taken...
By CCN: Speaking to CCN, Bitfinex CTO Paolo Ardoino stated that Tether, the world’s largest stablecoin in market valuation, is launching on the EOS blockchain protocol. The launch of Tether on EOS follows its release on the TRON blockchain network in April. Why tether is operating on EOS In an interview, Ardoino stated that the key motive behind the team’s decision to push for the release of...
By CCN: The EOS fireworks are just getting started. The commonly touted fundamental factors are June's Block.one event in Washington and the purchase of 3.3 million tokens worth of RAM described as pushing the price up. There are also rumors that a game-changing announcement will be made in June. These developments have certainly helped the cause of this cryptocurrency but these are not the major...
By CCN: EOS price rose above $8 this Tuesday for the first time in over ten months. The world's fifth largest cryptocurrency by market capitalization climbed to $8.272 ahead of the Asian market open. While the price corrected lower towards $7.73 as the session matured, the move did not shake the overall bullish bias. EOS appeared stronger than other top-ranking digital assets by posting a 16...
By CCN: China Electronic Information Industry Development (CCID), an agency that works directly under the Ministry of Industry and Information Technology, has released its newest crypto rankings, which saw bitcoin climb up to 12th from 15th. In March, CCID ranked bitcoin, the most dominant crypto asset in the global market, at 15th while placing EOS as the top blockchain protocol in terms of...
By CCN: Block.one is returning jaw-dropping profits to its earliest investors like Peter Thiel. It's a stock buyback of epic speed and proportions. In only three years the blockchain startup is buying back shares sold in a seed round of funding in 2017. The ROI for anyone who cashes out will be as much as 6,567%. Where did Block.one come up with all that money in so little time? It executed the...
By CCN: Weixing Chen, the founder and CEO of Kuaidi Dache, a Chinese taxi-hailing application, has expressed his concerns about crypto assets like EOS in a statement published on Weibo that prioritize scalability. A rough translation of his statement read: EOS is a good example. I have always said that there is no problem in trying [new] technology. The problem is the fraudulent propaganda such...
By CCN: It has been almost a year and a half since bears took over crypto markets. Bitcoin took a massive beating as it shed 84% of its value. Other large-cap coins shared more brutal fates. Ethereum, Litecoin, and EOS were all devalued by more than 90%. Last year was full of trials and tribulations for retail investors. Thankfully, the ordeal is finally over. With bitcoin’s unbelievable run over...
The EOS price is back in green following the upside correction witnessed throughout the cryptocurrency board. The blockchain asset established an intraday high towards $5.84, up 4.47-percent since the Wednesday open. On a weekly timeframe, EOS was trading 17.97-percent higher than its seven-day low, confirming that the asset was trending higher on an interim basis. The latest push helped EOS to...
No cryptocurrency is perfect, not even bitcoin. Block.one Co-Founder and CEO Brendan Blumer is preying on the weaknesses of the biggest crypto seemingly to make his company's own coin, EOS, look good. Blumer disparaged bitcoin for one of its primary use cases, as a currency, saying of the network in a fireside chat at the recent at the Chamber of Digital Commerce event: "Fundamentally...
EOS is surging ahead of other top cryptocurrencies this Wednesday. The EOS protocol's native token established a fresh session high at $4.11, up 11.68-percent from today's open. In contrast, Bitcoin, Ethereum, XRP, and other top coins managed gains between 2- and 7-percent, barring Cardano's ADA, which surged up to 10-percent. As of 1000 UTC, the EOS-to-dollar rate was 4.08, 0.73-percent down...
In the last 24 hours, the bitcoin price recovered beyond the $4,000 mark as alternative cryptocurrencies in the likes of Cardano (ADA) and EOS surged by more than 10 percent on the day. Many tokens and crypto assets including Nuls, Wanchain, Ontology, Crypto.com, OmiseGo, and others have increased by 5 to 15 percent against both bitcoin and the U.S. dollar, demonstrating strong momentum. Strong...
China Electronic Information Industry Development (CCID), which operates directly under the Ministry of Industry and Information Technology of China, released its crypto rankings for March, featuring top 35 crypto assets in the likes of Ethereum, Bitcoin, EOS, TRON, and Ontology. Bitcoin dropped from 13th to 15th since last month while TRON climbed up the rankings to secure the number 2 spot. EOS...
There’s a buzz in the cryptosphere today. Bitcoin dominance hasn’t been this low since last August. Google trends show that interest in Bitcoin hasn’t been this low since last April. Are we in the quiet before the storm or status quo? Dominance is hovering just above 50%. A result of “alt season,” money rapidly flowing into altcoins and a relatively stagnant Bitcoin price conspire to lower the...
Wanchain, an Ethereum fork focused on cross-chain integration, announced support for EOS recently. The short story here is that, in the near future, decentralized exchanges facilitating trades between EOS, Ethereum, and Bitcoin – which is increasing its token functionality via Blockstream’s Liquid product. We are very proud of our ecosystem made up of some of the most revolutionary projects and...
According to new data from RatingDapp, EOS and Tron both gained significant user share over the last week, while Ethereum dApp growth slowed. Ethereum remains the godfather of decentralized applications, with by far the largest user base, ecosystem, and most liquidity. But the landscape is changing quickly, with Tron and EOS dominating in transaction volume. Ethereum Grows 20% Slower Than The...
Following an abrupt short-term dip from $132 billion to $126 billion, the crypto market has almost fully recovered as Bitcoin bounced back to $3,800 and assets like EOS and Litecoin recorded 10 to 13 percent gains. Peter Brandt, a prominent technical analyst, stated that crypto assets like Litecoin have led Bitcoin higher in the past 48 hours, allowing the dominant cryptocurrency to recover from...
Monday's crypto bloodbath has weighed disproportionately heavily on EOS, as the fourth-largest cryptocurrency recorded a 12.4% drop against the US dollar - its worst one-day performance since February 24. EOS Price Headlines Crypto Market Decline As of the time of writing, the EOS-to-dollar exchange rate (EOS/USD) was trading at $3.290 on the Yahoo Finance index, up 3.94% from the intraday low...
In the last 24 hours, the Bitcoin price dropped from $3,874 to $3,764 by 2.8 percent, leading major crypto assets such as Ethereum and EOS to lose well over 5 percent of their value against the U.S. dollar. The valuation of the crypto market fell by $4 billion from $130 billion to $126 billion, dropping to the $120 billion region for the first time since mid-February. Traders Not Optimistic About...
Development on $3.3 billion cryptocurrency EOS has slowed to an absolute crawl, and it's not the only smart contract platform where GitHub commits have plunged in recent months. Major Crypto Blockchains See Reduced Commits According to data from Longhash, development on EOS, Ethereum, and Tron has drastically slowed over the past three months. If we consider the holiday month of December, where...
Gaming mogul Tim Sweeney, best known these days for founding the company behind Fortnite, made the unusual decision to defend the size of the EOS blockchain in a tweet today. What’s wrong with 4TB for a global transaction ledger? That fits on a $200 hard drive. — Tim Sweeney (@TimSweeneyEpic) February 22, 2019 Crypto Blockchain Size: How Big Is Too Big? EOS Weekly created a video expressing...
Since February 17, within 4 days, the valuation of the crypto market has increased from $120 billion to $135 billion, by $15 billion. Crypto assets that have outperformed both Bitcoin and the U.S. dollar throughout February in the likes of EOS and Litecoin recorded 4 to 6 percent gains in the past 24 hours, showing strong momentum. Litecoin, in particular, demonstrated a spectacular rally from...
EOS, the Enterprise Operating System, which was developed by Block One, saw a huge increase, more than double that of Bitcoin by percentage, in the past couple days. The base token had been pushing the $3 mark while Bitcoin bumpered around inside the $3600 range. When the Bitcoin price broke upwards last night, EOS went along with it – importantly, fiat markets didn’t adjust to the increased...
In the last 24 hours, the EOS price has surged from $2.71 to $3.06 by more than 10 percent against the U.S. dollar, reclaiming its position as the 4th largest crypto behind Bitcoin, Ethereum, and Ripple. Last week, Litecoin overtook EOS following a strong 30 percent increase in price. The surge in the price of Litecoin was mainly attributed to fundamental factors that include active development...
On February 8, the crypto market experienced a strong $10 billion recovery from $111 billion to $121 billion, breaking out of a three-week stalemate. With an overnight price movement, the crypto market nearly fully recovered to January levels at around $130 billion. Several major crypto assets in the likes of Litecoin (LTC) and EOS (EOS) recorded gains in the 15 to 20 percent range against the U...
Litecoin (LTC) has increased by more than 10 percent in value in the past 3 hours from $33 to $38, becoming the 4th largest currency in the global crypto market. EOS, which secured its position as the 4th most valuable cryptocurrency behind Bitcoin, Ripple, and Ethereum since 2018, was surpassed by Litecoin. The abrupt increase in the value of Litecoin comes in a period during which its open...
The cryptocurrency market once again featured almost nonexistent volatility on Tuesday, though the Bitcoin price continues to feel uncomfortably heavy. The global average for Bitcoin pushed upward a slight amount, to $3,470, in the 24-hour period. Notably, it dropped on Bitfinex to $3,505. This is important because if Bitfinex pushes downward, the rest of the crypto market is likely to go lower...
Since our last crypto market round-up report on Friday, the climate has changed significantly for at least one major cryptocurrency: Ethereum. All eyes are on Ether as it pushes closer and closer to the $100 mark. Bitcoin, meanwhile, briefly crossed the threshold of $3,400. By most accounts, the Bitcoin price is working on a test of the $3,000 mark, which is both a psychological and market...
By CCN.com: Brock Pierce, a co-founder of Blockchain Capital, a major venture capital firm that focuses on the crypto sector, has said that EOS and TRON are thriving based on the number of decentralized applications (DApps) and active users on the two smart contract blockchain protocols. In the past year, as alternatives to Ethereum (ETH), both EOS and TRON have focused on scalability to create a...
According to a report from Dapp.com, dApps had about 1.5 million users over the course of 2018, the first full year they were measured. The most active dApp category across platforms was gaming, followed by betting. Of the 1.5 million total users of dApps across platforms, nearly 800,000 were on Ethereum. The Ethereum dApp ecosystem broke down like so: Decentralized exchanges accounted for the...
The EOS price on Wednesday posted more than 10% in gains against the US dollar owing to strong fundamentals. The cryptocurrency opened the day at $2.7253 on Bitfinex but dropped during the early Asian session to establish an intraday low towards $2.7066. It briefly bounced back as the course matured and entered the European trading hours, setting fresh high towards $2.8402. Before the US session...
Over the last 48 hours, the Bitcoin price increased from $3,629 to $3,890, by more than seven percent. The Ethereum price has also surged by 19 percent since January 2 from $143 to $160, recording a substantial increase in value prior to its highly anticipated Constantinople hard fork. Not a Bad Year For Bitcoin Bitcoin ended 2018 with an 80 percent drop in its price from its all-time high at...
Huobi Pool will launch a dedicated EOS exchange early in 2019 allowing users to trade EOS against “a number” of yet to be revealed cryptocurrencies. The cryptocurrency mining arm of Huobi Group, Huobi Pool, is already an EOS supernode and works closely with EOS. Other collaborative projects include the Crypto Kylin Testnet, an EOS test chain for developing EOS projects. Huobi Pool has also...
TRON founder Justin Sun’s plan for blockchain domination seems to be going well. The TRON blockchain now has over 1 million user accounts and has reached over 100 million contracts recorded. The number of TRON addresses, or users, is growing by between 10,000 and 40,000 per day. According to tronscan.org TRON, user address growth now looks like this: It’s good news for TRON but Ethereum addresses...
Where other cryptocurrencies hiked over recent days, EOS has been slower most recently, until today. Now EOS price has risen over 8% in the last 24 hours. On December 17, 2018, EOS showed a substantial recovery reaching 35% gains before stabilizing between the December 18 and today. Now EOS is moving again. China’s Global Public Blockchain Technology Assessment Index Sometimes the underlying...
On Thursday, Justin Sun, the founder of TRON, said that the network supports more than 50 decentralized applications (dApps) and is on track to reach 80 dApps in the short-term. #TRON now has more than 50+ Dapps. 80+ we are coming! #TRX $TRX — Justin Sun (@justinsuntron) December 21, 2018 The statement of Sun follows a major milestone achieved by the blockchain network earlier this month...
Social blockchain platform Steem, home to the Steemit social network, has been added to dApp (decentralized application) tracking website stateofthedapps.com and now sits proudly next to Ethereum, EOS, and POA, on the site’s “Rankings by Platform” page. And we got fancy #Steem statistics as well 🧐 pic.twitter.com/cK3BmEMK3u — State of the DApps (@StateOfTheDApps) December 17, 2018 Steem...
Over the last 24 hours, the crypto market demonstrated one of the strongest single-day rallies since November, as Bitcoin (BTC) rebounded by more than 11 percent from $3,181 to $3,541. EOS, which was the sixth most valuable cryptocurrency last week ranked behind Tether (USDT) and Stellar (XLM) overtook Stellar with a staggering 35 percent price surge from $1.94 to $2.62. Since achieving its daily...
After ongoing stock market volatility, blamed on technology stocks, interest rate hikes and trade disputes, the bears are calling a possible crash. Meanwhile, as money flows out of the conventional markets, cryptocurrencies are green and gaining. Cryptocurrency market capitalization is now up over $9 billion. For the stock markets, the Dow has fallen 508 points and 2.1%, the S&P 500 is also...
For a short time yesterday, the Tether stablecoin (USDT) hit 4th place by market capitalization in the cryptocurrency charts. Today Bitcoin (BTC) and other altcoins are showing green. EOS is back in 4th place with a sudden 21% hike, and Stellar (XLM) is now in 5th place with a near 9% price increase. At one point, it appeared that investors were selling out of their stablecoin holdings with some...
Since the end of November, the Waves coin (WAVES) has bucked a market trend and risen in price by over 150%. The cryptocurrency has not only risen to a price, at the time of writing, of $2.49 per coin but as bitcoin price falls, WAVES value against bitcoin (BTC) is also growing. The Waves cryptocurrency today, for a short time, entered the top 20 coins by market capitalization but has since...
Tron founder Justin Sun has thrown a jab at Ethereum and EOS, announcing on Twitter that the company wishes to create a fund to "rescue" dApp developers working on both platforms on the condition that they move their dApps to the Tron network. #TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON...
The crypto market has faced a lot of downward pressure the past few weeks and, as we reported yesterday, so is everything else. Indeed, the week saw an overall 3+% loss in the Dow Jones Industrial Average, and no other exchanges were performing well, either. It’s just a bad time to be a bull, it seems. Bitcoin Price Languishes Near Yearly Low as BSV Rallies The Bitcoin price is a long way from...
EOS Gambling dApp EOSBet has announced that Curacao's online gambling industry regulator Curaçao eGaming has granted it a gaming license. In an announcement posted on its official blog, EOSBet revealed that the accreditation will enable it to offer all existing forms of interactive online gambling under the regulator's Master Gambling License issued by Curaçao's Ministry of Justice. With the...