2336 cryptocurrencies
Total Market Cap $7,311,462,778,375,915
Total Volume 24h $365,272,685

Ethereum Classic Ethereum Classic star

0.13 (3.16%)

Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction.

The Ethereum Classic mission statement is:

"We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone."

Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/

In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.


Coinbase Gets Regulator Approval to List Digital Coins Considered to be Securities

Jul 16th, 2018

Cryptocurrency exchange and wallet service provider Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities, Bloomberg reported July 16. A Coinbase representative told Bloomberg that the SEC and FINRA have authorized the exchange to acquire security dealers Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. The deal will allow Coinbase to extend its offerings with security tokens and to operate as a broker dealer, an alternative trading system, and a registered investment adviser. Coinbase initially announced the acquisition plans on June 6. The spokesman reportedly said that Coinbase will now integrate its technology into the new subsidiaries, but did not reveal a timeline. Coinbase will need to verify that employees hold the necessary licenses and review how the firm reports data. Last week, the San Francisco-based exchange announced that it is exploring the addition of five new coins to its trading lists, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). Coinbase noted that it does not guarantee the new tokens will be listed for trading. In June, Coinbase announced it will support Ethereum Classic (ETC) and ERC20 tokens. The company said then that its decision to add ERC20 "paves the way for supporting ERC20 assets across Coinbase products in the future." In March, the SEC said that platforms trading digital assets deemed to be securities must register with the regulator as an exchange, and would subsequently be governed by the same rules as traditional exchanges. The SEC added that entities aiming to operate as an alternative trading system (ATS) are also subject to regulatory requirements: "Registration as a broker-dealer subjects the ATS to a host of regulatory requirements, such as the requirement to have reasonable policies and procedures to prevent the misuse of material non-public information, books and records requirements, and financial responsibility rules, including, as applicable, requirements concerning the safeguarding and custody of customer funds and securities."

Bitcoin Hovers Near $7,000, While Altcoins Show Marked Signs of Recovery

Aug 5th, 2018

August 5: After yesterday's market nosedive, Bitcoin (BTC) is up just slightly, hovering around the $7,000 mark. All major altcoins are however showing marked signs of recovery, up between one and seven percent, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,040 to press time, holding ground on the day after its rapid tumble yesterday back to a price point not seen since July 17. The leading cryptocurrency could now be eyeing $6,800 as a short-term support, after several faltering pushes above the $7,000 threshold earlier today failed to hold. Bitcoin's weekly losses are now at around 14.05 percent, with monthly gains pinched to just under 8 percent. Bitcoin's 24-hour price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is seeing slightly more significant daily gains, up 1-2 percent to trade around $412 at press time. The leading altcoin has nonetheless sustained a gradual decline to lose over $50 in value on its weekly chart, posting around a 11.35 percent loss. On the month, Ethereum is down 11.66 percent. Ethereum's 7-day price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, all of the top fifteen coins are in the green, posting more solid gains between one and seven percent on the day. IOTA (MIOTA) is a significant outlier, showing the strongest signs of recovery of the major altcoins with a solid 7.21 percent gain to trade around $0.91 at press time. Of the top ten coins, Cardano (ADA) is the second strongest performer on the day, up around 3.63 percent to trade around $0.13 at press time. Among the top twenty coins by market cap, Ethereum Classic (ETC) is also seeing significant gains, growing 7.17 percent on the day and trading around $17.44 at press time. The altcoin's mini rally kicked off late August 3, likely buoyed by news of its imminent listing on major U.S. crypto exchange and wallet service provider Coinbase, set for August 7. Ethereum Classic's 7-day price chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies is around $257.2 billion at press time -- up а solid $5 billion from yesterday's low at $252.3 billion. Nonetheless, the markets have lost around $50 billion since late July's rally to reach over $303 billion. 1-month chart of the total market capitalization of all cryptocurrencies from CoinMarketCap As the market tumbled Friday, the week's major news remains the bullish revelation that the Intercontinental Exchange (ICE) - the operator of 23 leading global exchanges including the New York Stock Exchange (NYSE) - plans to create a Microsoft cloud-powered ecosystem for digital assets that would cover the spectrum from federally regulated markets and warehousing to merchant and consumer needs. As Cointelegraph reported today, Starbucks, one the enterprises partnering with ICE to build the digital asset ecosystem, clarified that it will not be accepting Bitcoin (BTC) or other cryptocurrencies as payment, following misleading reports from mainstream media. ICE has further revealed it will be offering physically-delivered BTC futures contracts as of this November - as long as it gets the green light from the U.S. Commodity Futures Trading Commission (CFTC). Some analysts have suggested that the physical delivery would herald a significant institutionalization of the crypto landscape and be bullish for the markets - as distinct from the cash-settled Bitcoin futures contracts currently traded on CME and CBOE exchanges.

Despite NYSE's 'Biggest News of the Year' for Bitcoin, Crypto Markets Plummet in a Blink

Aug 4th, 2018

Markets have taken a vertiginous plunge today, with Bitcoin losing almost $500 on the day to dip below $7,000 and all the top ten crypto assets in the red. Crypto markets have taken a vertiginous plunge today, August 4, with Bitcoin (BTC) losing almost $500 in the six hours before press time to dip below $7,000, and all of the top ten cryptocurrencies by market cap in the red, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,028 to press time, having lost almost $500 on the day to plummet to a price point not seen since July 17. The leading cryptocurrency has seen an intra-day low of $6980, with some crypto analysts today noting that $6,800 has become its short-term critical support level. Bitcoin's price percentage loss on the day is near 7 percent, with a weekly loss of about 15 percent and monthly gains squeezed to just 5 percent. Bitcoin's 7-day price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has seen a markedly less pronounced drop on its daily chart, losing just over 2 percent over a 24-hour period to press time to trade around $404. The altcoin's fortunes have been shaky much of the week, having seen jagged losses since July 29, when the asset was still trading as high as $470. On the week, Ethereum is down over 13 percent, with monthly losses at nearly 15 percent. Ethereum's 7-day price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, none of the top ten cryptocurrencies are in the green to press time. Taking an even heftier hit than Bitcoin, Stellar (XLM) and IOTA (MIOTA) have seen losses of as high as around 9 and 10 percent respectively on the day. To press time, Stellar is trading around $0.24 and IOTA around $0.84. Among the top twenty coins by market cap, Ethereum Classic (ETC) is the major outlier, up almost 9 percent over the 24-hour period to trade at about $16 to press time. The altcoin's solid gains kicked off late August 3, probably due to news of the asset's imminent listing on major U.S. crypto exchange and wallet service provider Coinbase as of August 7. Since its spike, the coin has traded sideways most of today, seemingly immunized from the major losses in the wider crypto markets. Ethereum Classic's 24-hour price chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies has plunged down to around $253 billion -- over $13 billion lost in the six hours before press time, and a staggering $50 billion lower than their July 26 surge to $303.7 billion. 1-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap The markets' nosedive today is in stark contrast to yesterday's major news that Intercontinental Exchange (ICE) -- the operator of 23 leading global exchanges including the New York Stock Exchange (NYSE) -- plans to create a global ecosystem for digital assets that would cover the spectrum from federally regulated markets and warehousing to merchant and consumer needs. ICE moreover plans to launch physically-delivered BTC futures contracts this November, distinct from those currently offered on CME and CBOE that are ultimately settled in fiat. The likes of Starbucks and Microsoft are on board for the new venture, dubbed "Bakkt," which will begin by offering Bitcoin-fiat conversion for consumers to purchase everyday goods with crypto. ICE's unveiling of Bakkt prompted CNBC's Brian Kelly today to suggest that this is "the biggest Bitcoin news of the year," advocating that now is a good "point of entry" for investors ahead of crypto's impending institutionalization.

Ethereum Celebrates its Third Birthday, a Look at its Past and Future | NewsBTC

Aug 1st, 2018

The Ethereum network has grown to be the second largest blockchain platform behind Bitcoin in a mere three years, all while changing the industry and allowing for new developments to be built on its blockchain network. The relatively young cryptocurrency grew at a rapid pace, and some analysts even expect it to outgrow Bitcoin in the coming years. Ethereum is an open-source blockchain technology that facilitates smart contracts and allows for the rapid and secure movement of its virtual currency called Ether. The Ethereum platform is a two-tiered system, with the main platform consisting of privately owned accounts controlled by individuals, and the secondary platform consisting of contract accounts. The blockchain is unique in that it allows developers to build decentralized apps on the network, like the popular crypto kitties app. Ethereum was first launched via an Initial Coin Offering (ICO) that was held from July to August 2014. At this point, however, the Ethereum blockchain network was more of a theory than it was a working product. It wasn't until a year later, on July 30th, 2015, when the first genesis block was minted and Ethereum's rapid growth began. Ethereum was one of the first blockchain networks to offer competition to the Bitcoin network, defining itself by key features which have proved useful over the past three years. Unlike Bitcoin, Ethereum allows for multiple methods of exchange, including cryptocurrency (Ether), Ethereum Virtual Machine (EVM), and smart contracts. Ethereum also has significantly smaller block sizes than Bitcoin, allowing for faster transactions, and a much larger supply of circulating coins. Another key difference between the two networks is that Ethereum allows for both permissioned and permissionless transactions, while Bitcoin only allows for public transactions. Ethereum began as a network to provide solutions to the issues created by Bitcoin. Ethereum's co-founder, Vitalik Buterin, explained his reasoning behind creating Ethereum, saying: "I thought [those in the Bitcoin community] weren't approaching the problem in the right way. I thought they were going after individual applications; they were trying to kind of explicitly support each [use case] in a sort of Swiss Army knife protocol." Buterin first got involved in cryptocurrency at the age of 17, founding Bitcoin Magazine in 2011, and shortly after writing a white paper that would ultimately become an outline for Ethereum. The key difference between Buterin's envisioned cryptocurrency and Bitcoin was that it could be much more than just a cryptocurrency. Buterin and the other co-founders of Ethereum launched an ICO in 2014, where they sold Ether tokens and raised more than $18 million that went towards developing the platform. The first release of Ethereum, called Frontier, was launched a year later in 2015, and was greeted with tremendous success. Although very successful, Ethereum has met some issues over the past three years, stemming mainly from its scalability. Issues like major hackings, including the $50 million hack in 2016, led to debate within the community surrounding the security of the network. This led to a split in the blockchain, which resulted in the creation of Ethereum Classic (ETC). Since then, both cryptocurrencies, ETH and ETC, have seen tremendous growth, with ETH leading the way with 10,000% growth in 2017 alone. The volatility of the cryptocurrency has likely inhibited its growth somewhat, as many investors are worried about the daily volatility regardless of the practicality of the platform's technology. Although Ethereum has already witnessed tremendous growth, the founding team is still confident in its future. At a recent event in Zug, the founding team discussed issues like scaling and future platform upgrades. On the issue of growth, Buterin said, "The demand for using public blockchains is high and we need to up the stability in order the meet that demand." The team discussed the highly anticipated Casper upgrade to be rolled out throughout 2019 to build Ethereum 2.0, and then to move forward with Ethereum 3.0 in the following years, which would enable quantum secure systems that can withstand the computing power of quantum computers. Regardless of the daily price volatility of Ether, there is no denying that the future for the Ethereum network looks bright, and that it will celebrate many more birthdays to come.

2018 Crypto Investment Report: Institutional Investors Provide 56% of Capital Inflow

Jul 19th, 2018

Grayscale Investments' first-ever crypto investment report reveals that 56% of capital inflow this year is coming from institutional investors. The first-ever crypto investment report released July 18 by digital asset management fund Grayscale Investments reveals that the majority of capital inflow this year is coming from institutional investors. Grayscale has been overseeing investments into crypto for five years, launching a Bitcoin (BTC) Investment Trust back in September 2013 and then expanding to other single-asset funds -- including Ethereum Classic (ETC), Zcash (ZEC) and Litecoin (LTC) -- as well as diversified offerings, notably its Digital Large Cap Fund. According to this week's report, institutional capital accounted for 56 percent of all new investments into Grayscale products during the first half of 2018. Despite the undeniably bearish picture for crypto markets during this time, Grayscale remarks that "counterintuitively," the pace of investment has "accelerated to a level that we have not seen before." Total investment through June 30, 2018 was almost $248.4 million -- the strongest ever fundraising period since 2013. $9.55 million in fresh capital has been incoming every week on average, with $6.04 million -- 63 percent -- going to the Bitcoin Investment Trust. Grayscale Cumulative Inflows by Investment Product, December 31, 2017 through June 30, 2018. Source: Grayscale H1 2018 Report In addition to the institutional investors who occupy the lion's share of Grayscale's portfolio, their investor profile data shows that accredited individuals account for 20 percent, retirement accounts for 16 percent, and family offices for 8 percent. Of these, roughly 64 percent of all new investments came from within the U.S., 26 percent from offshore investors ("e.g. Cayman-domiciled entities"), and 10 percent from other regions. The average investment sum was $848,000 for institutional investors, $553,000 for family offices, $335,000 for retirement accounts, and $289,000 for individuals. The report qualifies these figures by noting the data is skewed by several "large, one-time outliers," as well as sums that were broken up into multiple allocations over a series of days. Grayscale's report suggests that major investors potentially consider the year's downturn as a prime moment to enter the crypto markets -- moving in to "buy the dip" just as the infrastructure to facilitate institutional entry is materializing. This week saw significant news that the $6.3 trillion asset management heavyweight BlackRock -- the world's largest provider of exchange traded-funds (ETF) -- is beginning to assess potential involvement in Bitcoin, stoking considerable excitement from industry stalwarts and possibly bolstering an impressive market uptick.

Coinbase is 'Exploring' Support for Cardano, BAT, Stellar, Zcash, and 0x

Jul 13th, 2018

One of the world's biggest cryptocurrency exchanges has announced its intention to support more coins. In an official blog post, Coinbase announced that itare "exploring the addition of several new assets" and currently working with local banks and andulators to make them available in as many jurisdictions as possible. Coinbase is looking to add Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX) onto its platform. They stated that these assets would require additional exploratory work given the nature of their architecture and they cannot make any guarantee that they will make their way to trading. They also mentioned that there could be several restrictions such as not being able to send or receive using a local wallet. This might also include allowing deposits and withdrawals only from transparent Zcash addresses. They also highlight the possibility that these assets would be available only in certain jurisdictions before making their way to the US. The blog stated: Going forward, you should expect that we will make similar announcements about exploring the addition of multiple assets. Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions. BAT and ZRX would be the first ERC-20 tokens to be supported on their platform. As CCN reported, Coinbase announced its intentions to add Ethereum Classic (ETC) on June 12. Given Ethereum Classics's similar protocol architecture to that of Ethereum (ETH) it might be available for trading sooner than the other new assets. The development on the regulatory front would be interesting. In regards to the uncertainty around the nature of crypto assets as securities or otherwise, Coinbase stated that "legal analysis is ongoing and will vary by jurisdiction. As we only plan to launch assets which are compliant with local law, some assets may only be available in specific jurisdictions." This announcement has been made to the public and Coinbase internal team at the same time to avoid any internal trading. Coinbase released it's guidelines for the addition of new assets earlier this year in March. Given their recent expansion, it is safe to assume that many other assets can be soon expected on the platform. The addition of BAT and ZRX can definitely pave the path for more ERC-20 tokens.

Bitcoin Falls Short of Breaking $7,000, Other Altcoins See Slight Losses

Aug 6th, 2018

August 6: Bitcoin (BTC) is making several attempts at breaking back above the $7,000 mark, staking its recovery after a sharp market tumble this weekend. Many major cryptocurrencies continue to see minor losses, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $6,974 at press time, down 1.17 percent on the day. The leading cryptocurrency has made several attempts to break above the $7,000 threshold, trading as high as $7,127 in early trading hours. These fleeting spikes failed to hold as of press time however, and the coin's losses on the week now tally above 14 percent. On the month, Bitcoin is still up almost 5 percent. Bitcoin's 24-hour price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has seen negligible fluctuation on the day to trade around $403, despite several attempts at breaking to a higher price point early this morning. The top altcoin is still down over $50 in value by its weekly chart, equating to a 11.42 percent loss. Most of these losses were posted during a steep decline late July, with the asset subsequently trading sideways through most of August. On the month, Ethereum is down around 13.7 percent. Ethereum's 7-day price chart. Source: Cointelegraph Ethereum Price Index On CoinMarketCap's listings, most of the top ten coins are seeing small fluctuations within a 3 percent range, with only IOTA (MIOTA) seeing a more significant price change, losing 6.5 percent to trade around $0.85 at press time. Yesterday, the alt decoupled from the wider market to grow over 7 percent, with an apparent retracement setting in today. Cardano (ADA) and Litecoin (LTC) are trading stably at press time, both just edging into the red, with the former trading at $0.13 and the latter at $0.73 at press time. Among the top twenty coins by market cap, Ethereum Classic (ETC) continues to claim further gains, up a further 6.3 percent on the day to trade at $18.44 at press time. The asset is still riding on positive momentum triggered by news of its imminent listing on popular U.S. crypto exchange and wallet service provider Coinbase, set for August 7. Ethereum Classic's 7-day price chart. Source: CoinMarketCap Total market capitalization of all cryptocurrencies is around $252 billion at press time, losing a couple of billion on the day, as sustained market-wide growth remains shaky. 7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap As markets continue to hover without conviction, prominent crypto onlookers are taking stock of the week's news for the crypto space. CNBC's Ran NeuNer is anticipating a "huge" market rally amid major revelations from the Intercontinental Exchange (ICE) -- the operator of 23 leading global exchanges including the New York Stock Exchange (NYSE) -- that broke on Friday. ICE has unveiled plans to create a Microsoft cloud-powered ecosystem for digital assets that will encompass federally regulated markets and warehousing and instant fiat-crypto conversion for merchants and consumer needs. Pending the green light from regulators, the NYSE operator will also offer physically-delivered Bitcoin futures contracts as of November. Another sign of further institutionalization is the week's news that Germany's second largest stock exchange, the Stuttgart Börse, plans to develop a new platform for Initial Coin Offerings (ICO) as well as a multilateral crypto trading venue. Ari Paul has also weighed in on strong signs of wider and diversified crypto adoption in a tweet yesterday: "What is cryptocurrency used for? First it was darknets and satoshi dice. Then crowdfunding and trading. Now we finally have the tech and critical mass for P2P cash and gaming. We'll soon see crypto encroach on Western Union and PayPal and Pokemon."

Robinhood Lists Ethereum Classic, the Crypto Trading Service Is Currently Available in 19 States

Aug 6th, 2018

Robinhood zero-fee trading app has recently listed Ethereum Classic, the app is currently available in 19 states. Robinhood commission-free crypto trading app has recently listed Ethereum Classic (ETC), according to an official announcement Monday, Aug. 6. In its recent blog post, the company clarified that Robinhood customers can also invest in Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Dogecoin (DOGE), as well as monitor market data for ten other cryptocurrencies. Currently available in 19 states of the U.S., Robinhood crypto trading app was launched in February, 2018, initially listing on only two cryptocurrencies Bitcoin and Ethereum, and available only for four states. July 12, Robinhood launched support of Bitcoin Cash and Litecoin, prior just a few days to the introduction of Dogecoin July 16. Robinhood originally intends to operate its zero-fee business "on break even basics" and does not "plan to profit from it for the foreseeable future," giving the priority to expanding its customers base. In May, Robinhood raised $363 million in series D funding round to expand its business, with valuation of $5.6 billion, which is a fourfold growth from the last year. In late June, Robinhood was rumored about considering launch of their own cryptocurrency wallet after posting a job listing for crypto engineers. Recently added Ethereum Classic is seeing the biggest gains over the past 24 hours among top 20 cryptocurrencies by market cap, according to Coinmarketcap. The altcoin ranked 12 is trading at $18.2, up around 7 percent over the week and 24 hours period. In June, ETC jumped 25 percent amidst listing at one of major U.S. crypto exchanges Coinbase, surged up to $16.15 point.

Trading Opens on Huobi's New US-Based 'Strategic Partner' HBUS

Jul 10th, 2018

Huobi crypto exchange has opened trading on its newly created U.S.-based "strategic partner" HBUS, according to a press release shared with Cointelegraph today, July 10. Huobi's new cryptocurrency marketplace comes via a San Francisco-based partner company called HBUS, whose creation was first announced in early June. As of 10 a.m. (Pacific Time) today, HBUS is live for trading, supporting 22 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Tether (USDT), and others. The new platform also provides traders with an overview of market data for listed cryptocurrencies, including candlestick and depth charts. As Cointelegraph reported last week, as of July 6, HBUS has been accepting account verification requests from U.S. residents, who have also been able to deposit their crypto holdings in advance of today's launch. Presumably as the firm awaits the all-clear from regulators, trading on HBUS is not currently open to residents of Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington. Alongside its U.S. venture, on July 5 Huobi confirmed trading had opened on its new Australia-based platform. The exchange has also just recently unveiled a London-based operation targeting the European market, expecting over-the-counter (OTC) trading tests to begin in the third quarter of this year. The Singapore-headquartered platform has morevoer been expanding its business across Asia, launching a South Korean subsidiary this spring, alongside existing operations in Hong Kong and Japan. As the third largest crypto exchange by daily trade volumes on Coinmarketcap's listings, Huobi has seen $823.8 million in trades over the past 24 hours to press time.

Crypto Mining Firm Argo Blockchain Listed on London Stock Exchange, Raises $32 Million

Aug 4th, 2018

Argo Blockchain, which enables users to mine crypto from home, is reportedly the first crypto-related company to be listed on the LSE. Mining firm Argo Blockchain PLC has reportedly become the first crypto company to join the London Stock Exchange (LSE), raising around $32 million for a total valuation of about $61 million, The Telegraph reports August 3. London-based Argo offers customers to the ability to mine four cryptocurrencies -- Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), and Zcash -- through their own computers or mobile devices for a monthly subscription fee. The service provides immediate access to the firm's mining rigs and enables direct deposits of all mined coins to the users' digital wallets. According to an initial admission document from the LSE, a total of 156,250,000 ordinary shares that represent 53.2 percent of the firm's issued share capital on admission have been placed at 16 pence per share, valuing Argo at a market capitalization of 47 million pounds (around $61 million). The report notes that the company has raised 25 million pounds (around $32 million), with registered shareholders including Miton Capital, Henderson Global Investors, and Jupiter Asset Management, the Telegraph writes. Jonathan Bixby, a co-founder of Argo, told The Telegraph that Argo's mining subscription system was developed to " take the pain and heartache out of participating in the biggest new technology breakthrough since the launch of the internet." Founded in late 2017, Argo aims to build an international data center management business for assisting in crypto mining as a service (MaaS), which would be available to anyone in the world, the company's LSE document states. The platform initially launched on June 11, 2018, and all of the subscription packages are currently sold out, according to Argo's website. Argo's initial admission notes that the company will be able to both add and remove cryptocurrencies from its offerings in the future. Earlier this week, the world's second largest Bitcoin (BTC) mining hardware supplier Canaan Creative introduced the "first ever" BTC mining television set with a processing power of 2.8 trillion hashes per second. And on Monday, unnamed sources revealed that crypto mining hardware giant Bitmain is reportedly planning to conduct an overseas initial private offering (IPO) "very soon," after earning about $1 billion in net profit in the first quarter of 2018.

Stellar Price Continues to Moon, Sees 10% Increase in 4 hours

Jul 25th, 2018

The stellar price reached a two-month high on Wednesday evening as it soared by well over 10% on major exchanges to reach a value of $0.33 on Bitfinex. Although there did not seem to be any particular news today to trigger this spike, the cryptocurrency -- more accurately referred to as lumens (XLM) -- has been in the news of late with considerable positive developments. XLM's volume also increased considerably on Binance, with over $17.5 million traded as at 10PM GMT. The development from Coinbase last week had also seen the stellar price shoot up by as much as 25% over a few days, and with today's increase, the coin is around 40% up from its low of $0.17 registered in June. The recent move by Coinbase created a wave of positive price appreciation for the currencies, with stellar posting a gain of 22% since the news was first released. XLM fans rejoiced over the reversal in 2018's bear cycle, which saw their coin fall nearly 85% in value since the start of the year. Additionally, the fact that the computing giant IBM is using stellar to pair with a digital stablecoin also gave a good hike to positive sentiment about XLM. In comparison, bitcoin is up by around 2% to retake the $8,200 level whilst other coins such as EOS and bitcoin cash were showing marginal improvements over the past few hours. Another positive development could have been the announcement that BitIra also added stellar to its platform. The lesser-known California-based exchange continued its steady expansion of available coins with the addition of stellar (XLM) and zcash (ZEC), which joined bitcoin (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), bitcoin cash (BCH), and ethereum classic (ETC) as investment opportunities for its customers. Finally, another interesting development was the fact that the Stellar Foundation received certification from Islamic scholars of Shariyah Review Bureau (SRB) for its blockchain network and its native token to be used in Sharia-compliant financial products. With the certification in place, Stellar -- both the organization and the currency -- will now have access to the vast Middle Eastern and South East Asian markets where Islamic banking and Sharia-compliant products have a strong demand. The certification also provides XLM with an advantage over rival cryptocurrency XRP -- often stylized as "ripple" due to its association with the company of the same name -- in the Middle East within the payments and remittances space.

Coinbase Announces Final Testing Ahead of Ethereum Classic Listing

Aug 4th, 2018

Coinbase has announced that it is in the final stages of testing support for ethereum classic (ETC) as it prepares to offer support for the cryptocurrency across it different services. In a statement published on its official blog, the platform revealed that it is making the information public in line with its new process for listing new digital assets. An excerpt from the statement reads: "We expect final testing to be completed by Tuesday, August 7, at which point we will announce that we're ready to accept inbound transfers of ETC. We intend to allow 24-48 hours of inbound transfers through Coinbase Pro and Coinbase Prime before enabling trading." According to the announcement, support for ethereum classic will be implemented incrementally across the various Coinbase services namely Coinbase Custody, Coinbase Markets,Coinbase Pro, Coinbase Prime, Coinbase Asset Management and Coinbase Consumer. In the case of Coinbase Custody, support will be added for inbound transfers and withdrawals of ethereum classic. Coinbase Pro customers will be given access to ETC trading services, as will Coinbase Prime and Coinbase Markets customers. In the case of Coinbase Markets however, trading will be opened after a 24-48 hour window period within which Coinbase Pro and Prime will carry out transfers. In line with platform trading policy, ethereum classic books will open in post-only for at least 10 minutes, after which trading on Pro and Prime will be activated as soon as sufficient liquidity is established. Coinbase Consumer will be somewhat late to the party as platform policy dictates that assets can only be listed on Coinbase Consumer after being listed on Coinbase Pro and Prime. Once the requisite amount of liquidity is established, Coinbase intends to list ETC on Consumer, a process it expects to take 1-2 weeks after commencement of trading on Pro and Prime. Coinbase went on to reveal that the dates given are not final, and are only estimates. According to the announcement, further information will be provided in the coming few days concerning the listing status of ethereum classic. It was also revealed that upon full listing, ethereum classic will be made available to all geographies, subject to availability dictated by Coinbase platform trading rules. Earlier CCN reported that Coinbase faced a firestorm of criticism and even a class action lawsuit over accusations of insider trading during last December's bitcoin cash listing. Since then, the platform has instituted a comprehensive information announcement policy as a way of enhancing transparency and increasing trust.

Canada's Rivemont Crypto Fund Holds 90 Percent of Its Assets in Fiat

Jul 17th, 2018

Canada-based Rivemont Crypto Fund, run by a portfolio management firm Rivemont Investments, holds around 91 percent of its $2.3 million of assets in fiat currency, with only 9 percent in Bitcoin (BTC), Bloomberg reported July 17. The Rivemont Crypto Fund was founded in December 2017 and is reportedly the only actively managed cryptocurrency fund in Canada. The fund is registered with the Ontario Securities Commission, the Alberta Securities Commission, the British Columbia Securities Commission, and is allowed to trade such cryptocurrencies as BTC, Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH) and Ethereum Classic (ETC). The fund also plans to invest in initial coin offerings (ICOs) and altcoins like Neo and Dash. Rivemont Crypto Fund's president and portfolio manager Martin Lalonde said: "The core will probably still be the major cryptocurrencies because that's what the investors know about and want in their portfolio, but I would think another half of the portfolio would probably be in smaller cryptocurrencies, more speculative ones, and some that we think will probably have better performance." Lalonde told Bloomberg in an interview that he invested slightly more than a half of the fund's assets in BTC and ETH when BTC crossed a technical indicator on July 4, and then moved back into cash when it crossed the indicator again on July 10. Lalonde said, "the cryptocurrency market right now is not really in a bull market so people are waiting to see if it's going down further." Lalonde added: "Those who think that interest in cryptocurrencies is running out of steam are not watching closely. The opposite is happening." As per Lalonde, BTC will stay volatile, however it will reach new highs in the next couple of years. "We're very bullish, we think it could easily double or triple from where it is right now," he said. Today BTC is trading around $7,309, up almost 10 percent over the 24-hour period at press time. The leading cryptocurrency has pushed beyond yesterday's peak trading price of $6,679, with the upward trend continuing at press time. As Cointelegraph reported earlier this month, data from Autonomous Research shows that the number of crypto-focused funds was estimated at 251 as of April 2018, 175 of which were launched in 2017. In 2018, only 26 new funds have been established, signalling a possible downtrend in momentum.

Ethereum Classic Recovers as Coinbase Nears ETC Trading | NewsBTC

Aug 4th, 2018

Current recovering altcoins are Ethereum Classic, Tezos, and Nano. The falling knife seems to have hit something solid as we enter the weekend in crypto land. The bears are having the day off and market capitalization has halted at just above $265 billion as further losses are on hold for now. Bitcoin has found support above $7,400 and is trading 1% up on the day to $7,470. Falling below $7k will be critical for BTC and it needs to hold above it for any hopes of a recovery. Ethereum has also recovered a little today, up 2% to just below $420. Altcoins are mostly green and clawing back small gains from big losses over the past week. According to Coinmarketcap there are two way out in front at the moment and they are Ethereum Classic and Tezos. ETC is currently up 14% on the day to $16.60, over the week it has regained all losses and it is back to the same level it was this time last month. Against Bitcoin Ethereum Classic is up 12.7% to 222500 satoshis. "Today our engineering team is beginning final testing of support for Ethereum Classic (ETC) on Coinbase. We are making this announcement consistent with our process for adding new assets. We expect final testing to be completed by Tuesday, August 7, at which point we will announce that we're ready to accept inbound transfers of ETC." Trade volume jumped from $170 to $270 million driving its market cap up to $1.7 billion. Ethereum Classic is expected to climb higher when trading opens on Coinbase next week. The other altcoin flying high at the moment is Tezos which is up 17% to $1.90. Coinbase may also be responsible for that hinting that it could be one of the coins considered for Coinbase Custody listings. Most altcoins in the top 30 are bouncing off their lows yesterday, only Iota is not showing a gain over the past 24 hours as it has fallen 1.7%. Total market capitalization for all cryptos has moved back up 1.7% to just over $266 billion. They are still down heavily over the past week though, 10.5% since this time last Saturday, or over $30 billion. Trade volume has fallen back also to $11 billion from $13 billion this time yesterday. The bears appear to be sleeping at the moment but the hope is that the next low is higher than the previous. More on Ethereum Classic can be found here: https://ethereumclassic.org/

South Korean Crypto Exchange Bithumb Re-opens Deposits & Withdrawals

Aug 4th, 2018

South Korean cryptocurrency exchange Bithumb will resume deposit and withdrawal services on Saturday at 11 am KST. The exchange had suspended all deposits and withdrawal services on its platform following the June hack on a hot wallet, which led to the loss of tokens valued at over $30 million. The exchange made the announcement earlier today via a tweet on its official Twitter handle. However, only 10 cryptocurrencies have been approved for the first round of service resumptions, namely Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Ethereum Classic (ETC), Qtum (QTUM), Litecoin (LTC), Bitcoin Cash (BCH), Monero (XMR), Zcash (ZEC), and Mithrill (MITH). Deposit and withdrawal services on 25 other cryptocurrencies remain suspended. An excerpt from a post on Bithumb's website about the continued suspension reads: "Some cryptocurrencies with a significant price difference of about 10% between Bithumb market and standard market will be opted out in this round in view of protecting our customer's asset. Since when the services return to normal, rapid change in market prices are expected. Therefore, resuming normal services for such cryptocurrencies will be put on hold for the time being." It was also announced that all deposit addresses had been changed and customers are to request for new ones. All uncredited deposits made while services were on hold will also be returned. The exchange operator, which was among South Korea's largest exchanges by volume before the hack, is one of 12 exchange firms to pass a series of inspections carried out by the Korean Blockchain Association back in July. Other crypto exchanges that passed the tests include Korbit, Huobi Korea, OKEx and Upbit. Bithumb's market absence had a negative effect on the Korean crypto market, with many investors taking a negative cue from the hack and the subsequent KBA security audits. After passing the assessment and announcing its gradual return to regular operations, many hope that this will have a positive knock-on effect on crypto trading in South Korea. In spite of this, the exchange firm is unable to renew and establish contracts with banks and as such, it has had to suspend the issuance of new bank-linked virtual accounts. CCN earlier reported that, in January, regulators banned cryptocurrency trading through anonymous virtual bank accounts. To facilitate the linking of traders exchange wallets to their bank accounts, exchange firms are to establish contracts with local bank and renews such contracts every six months. It was reported on Aug. 1 that Nonghyup Bank refused to renew a contract with Bithumb due to concerns of security following the June security breach.

Robinhood Adds Ethereum Classic to Crypto Trading App - CoinDesk

Aug 6th, 2018

Robinhood announced Monday that its customers can now invest in ethereum classic (ETC), just a day before Coinbase adds the option too. The company said in a blog post that the option went live today on its Robinhood Crypto app, adding that only those in the 19 U.S. states with access to the service can trade ETC at this time. Users can also trade in bitcoin, ethereum, bitcoin cash, litecoin and dogecoin, "as well as track market data for 10 other cryptocurrencies," the post states. As mentioned, crypto exchange Coinbase is also expected to launch support for ETC tomorrow. The company announced last week that it had begun "final testing" for the cryptocurrency, and would begin accepting transfers in ETC on August 7. However, the new option will be opened up initially to users of Coinbase Pro and Coinbase Prime, and no customers will be able to trade in ETC immediately. "We intend to allow 24-48 hours of transfers through Pro/Prime before opening the markets. In accordance with our Trading Rules, all ETC books will open in post-only for a minimum of 10 mins. Once sufficient liquidity is established, trading will then be enabled on Pro and Prime," the company explained. Coinbase's consumer service will add the asset "only after they are listed on Coinbase Pro and Prime," the post added, continuing: "We plan to add support for ETC on Coinbase Consumer when sufficient liquidity is es Visit website open_in_new

Market share 0.00%
Proof type PoW
24h Open $4.12
24h Low $4.10
24h High $4.26
Price in BTC 0.00114561431883 BTC
Current Supply 108,355,192 ETC
Market cap $460,509,568
24h Volume (coin) 312,970 ETC
24h Volume (currency) $1,310,220
Last updated 2019-02-18 00:58:38 +00:00 GMT
ID Market Type Price Quantity Total
Date Price Volume