Day: August 27, 2017

Cryptocurrency exchanges are not that difficult to come by these days. Virtually every country has such a trading platform, although they are not necessarily all that popular. In South Korea, the competition is heating up, to say the least. Kakao is launching a cryptocurrency exchange alongside its stock trading app. The trades will occur through … Continue reading South Korean Giant Kakao Announces Cryptocurrency Exchange Plans

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Blockchain analysis has been used by a UC Berkeley PhD candidate to identify sex trafficking rings, through the linking of Bitcoin payments made for online adult advertisements.

Oraclize has closed on €500,000 in their seed round led by Digital Identity SA, a growing firm delivering services for the Fintech industry.

Bitcoin transaction fees have always been a topic of substantial debate. A lot of people feel the average Bitcoin fee is far too high for the regular user. There is a certain truth to this statement, although it also depends on which service is being used. A new screenshot shows how a BitPay transaction charged … Continue reading Bitcoin Network Fees Remain a Topic of Debate

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A new Blockchain database called ‘Atomic Ledger’ timestamps trades within nanoseconds and is completely transparent.

The US Government has encouraged those with Blockchain technology concepts to share them with the government in order to help make government more open and accountable.

The Dash price continues to soar to new heights after the bullish momentum started taking shape a few days ago. More often than not, altcoin markets tend to decline in value after their initial upward momentum runs out of steam. That is not the case where Dash is concerned, as the price keeps reaching new all-time highs. Right now, the price of one Dash is $391.61 and it appears reaching $400 is only a matter of time. Holders of this altcoin will be more than happy to see their patience rewarded in such a manner.

Dash Price Battles for $400 and More

The past 24 hours have been incredibly rewarding for everyone who holds Dash as part of their cryptocurrency portfolio. Not only did the altcoin appreciate in value against the US Dollar, but it also pushes back against the growing Bitcoin price. More specifically, Dash went from 0.074 BTC to 0.09 BTC over the weekend, which is a significant increase, to say the least. Given the recent slew of good news the Dash community has received, this price increase was to be expected.

Just yesterday, we reported how the Dash price was hovering around the $350 mark. Considering how the value per coin was a lot lower earlier in the year, that growth alone is considered to be quite substantial. However, less than 24 hours later, the Dash price has reached $394.88, which is another 15.19% increase compared to its previous value. At one point, there was a new all-time high for Dash above the $400 mark, as the price touched the $406.98 value for a brief moment. This battle for control of the $400 price mark will continue for quite some time to come, though, as there is a lot of profit taking right now.

The vast majority of Dash trading volume still originates from the Korean Bithumb exchange. With $166.2m in 24-hour trading volume, Bithumb is certainly showing bullish momentum for Dash. Other exchanges are well behind in value, as the second-ranked Poloniex exchange only contributes $34m in volume. Without the Korean exchange, this Dash price movement probably wouldn’t be taking place right now, although it is hard to tell why Korea is showing such a sudden interest in this particular currency right now.

With both Monero and Dash noting major value gains over the past week, it’s evident cryptocurrency users are flocking to solutions which provide more anonymity and privacy.Although Bitcoin will not be dethroned as the leading cryptocurrency anytime soon, the currency is not without flaws either. More specifically, Bitcoin offers no privacy or anonymity whatsoever, which is quite problematic depending on what type of user you are. Additionally, with the most popular mixing service shutting down, looking at Dash and Monero makes a lot of sense.

A lot of people are wondering whether or not the Dash price can keep rising over the next few days. It is certainly true the bullish momentum is still intact as we speak. However, everything that goes up in value must eventually come down. With the Bitcoin price remaining relatively stable at the $4,325 mark, there is plenty of room for growth for specific altcoins right now. At the same time, one has to keep in mind cryptocurrency markets don’t take tremendous amounts of volume to cause big waves. There are still a lot of early Dash investors who will be looking to take big profits around the $400 mark.

That being said, one can’t deny Dash is one of the most successful cryptocurrencies in 2017. It isn’t the only currency worth keeping an eye on by any means, but the altcoin is certainly cementing its position in the top 10 right now. Dash still only has a $3bn market cap as well, compared to Bitcoin’s $72bn. Bridging this gap will be quite difficult, though, as the widespread adoption of currencies such as Dash is very different compared to Bitcoin’s. Then again, competition in the cryptocurrency space can only yield to better results for all currencies involved.

A team of software developers supported by serial entrepreneur Mark Cuban has launched the digital currency Ethereum-based Mercury Protocol for the communication industry on Aug. 24.

South Korean conglomerate, Dongbu Group, has announced a partnership with Bitcoin remittance service provider Sentbe in its bid to enter the Bitcoin remittance market.

With so many people focusing their attention on the main cryptocurrencies these days, one would almost forget other coins and assets appreciate in value as well. Just outside of the top 10, Lisk has been making a lot of waves over the weekend. With the Lisk price increasing to nearly $7 out of the blue, there is a lot of speculation taking place. Thanks to a growing trading volume, the Lisk price may very well keep on climbing for some time to come.

Lisk Price Jump Surprises Everyone

It is evident the Lisk ecosystem has something valuable to offer otherwise it wouldn’t be around any longer. Contrary to what some people initially believed, the particular cryptocurrency ecosystem has done quite well for itself and is now reaping the rewards for all of the hard work. With the Lisk price climbing to nearly $7 over the past 24 hours, there doesn’t appear to be a shortage of positive momentum right now. Then again, the bigger question is whether or not this will be just a quick pump-and-dump.

Considering how the Lisk price is moving due to less than $100m in 24-hour trading volume, it is evident the markets didn’t take much money to be moved in a significant manner. This results in a 22.19% price gain over the past 24 hours alone, catapulting the Lisk price to just below $7. Three months ago, LSK successfully broke the $1 mark, which was considered to be a major milestone for this relatively young project. Ninety days later, that price has increased sevenfold, which is quite impressive, to say the least. The all-time high value for LSK is $7.27, which was recorded overnight.

So far, it appears the majority of trading volume comes from the Bittrex and Poloniex exchange. That isn’t entirely surprising, as they are two of the largest altcoin markets in the world today. However, there is also some positive attention from Chinese exchanges, including Jubi and BitBays. Although these are not necessarily the biggest names in history, they provide LSK/CNY gateways for speculators and traders. The Chinese market is still crucial to all cryptocurrencies these days.

For the time being, it seems the Lisk price may continue to appreciate, although there will be a lot of profit taking throughout the day as well. With the trading volume remaining pretty low, we may not go much higher than $7 in the next 24 hours. At the same time, we have seen other altcoins explode despite market resistance and perform beyond expectations. The Lisk community is quite excited about these developments, for obvious reasons.

There are some valid reasons as to why people show an increasing internet to Lisk as well, mind you. The ecosystem itself is designed to attract new developers from all over the world looking to experiment with smart contracts and decentralized applications. Moreover, the Lisk token can effectively serve as a currency for sidechain applications if the developers prefer it that way. Considering how the network is theoretically capable of supporting an infinite amount of sidechain applications, there is plenty of room for future value increases. Whether or not that will be the outcome of this particular project, remains to be determined, though.

Although one may argue Lisk isn’t doing anything Ethereum isn’t capable of achieving, it remains to be seen how things will play out. For the time being, it appears there will be a Lisk rebrand on the horizon to make the project more attractive to third parties in the future. It seems this has caused the Lisk price to move up quite a bit as well, as many of the steps outlined in the official roadmap are finally coming together. More competition in the world of trustless blockchain apps, smart contracts, and sidechains is never a bad thing.