Exchanges Roundup: Glen Oaks Escrow Supports Crypto, Binance to Delist 4 Altcoins

Exchanges Roundup: Glen Oaks Escrow Supports Crypto, Binance to Delist Four Altcoins

In recent news pertaining to cryptocurrency exchanges, Glen Oaks Escrow has announced that it has partnered with Bitpay to support cryptocurrency payments and Binance has revealed that it will delist bytecoin, chatcoin, iconomi and triggers next month. Etoro, meanwhile, has announced a “significant cut” in the spreads on cryptocurrency markets on its platform.

Also Read: Korean Crypto Exchange Sued for Controversial Token Schemes 

Glen Oaks Escrow to Back Crypto
Payments Through Bitpay

California-based escrow company, Glen Oaks Escrow, has announced that it now supports cryptocurrencies under a new partnership with Bitpay. The company states that the increased prevalence of real estate listings that accept cryptocurrency as payment as the principal motivation behind the decision.

Joe Curtis, Glen Oaks’ chief operating officer, stated: “Increasingly, blockchain and cryptocurrencies have the potential to become a bigger part of real estate transactions, and this is one step to be ahead of the curve and enable transactions to happen through this vehicle (…) It’s still a young technology in our space, but we are committed to being at the forefront to enable transactions in this way.”

The partnership will see Bitpay convert escrowed cryptocurrencies into cash, before wiring funds into escrow accounts, meaning that the seller in a transaction will not handle any cryptocurrencies.

Binance Delists BCN, CHAT, ICN and TRIG

Binance has announced that it will soon delist bytecoin (BCN), chatcoin (Chat), iconomi (ICN) and triggers (TRG) at 10 a.m. UTC on Nov. 12.

The announcement states that said altcoins have failed to meet the exchange’s criteria for continued support, including the “commitment of (a) team to (its) project,” the “quality and level of development activity,” “network/smart contract stability,” the “level of public communication and activity,” the “responsiveness (of the team) to (Binance’s) periodic due diligence,” whether a coin “contribut(es) to a healthy and sustainable crypto ecosystem,” and whether a coin evidences “unethical/fraudulent conduct.”

Etoro Reduces Crypto Spreads

Etoro, an asset brokerage and social trading platform, has announced a “significant cut in (the) spread on cryptoassets,” describing the move as “part of its ongoing efforts to increase awareness of the potential of crypto and blockchain broadly.” The company claims that the spreads on BTC have been “cut by more than half.”

The co-founder and chief executive officer of Etoro, Yoni Assia, stated: “We are also committed to raising awareness among investors of the potential offered by crypto and the blockchain technology that underpins it. This includes sponsorship, advertising, speaking at events and producing educational material. Yes, crypto is highly volatile and not appropriate for all investors, but we also believe that for many it can have a role to play as part of a diversified long-term portfolio.”

Assia continued: “Over and over again we see headlines announcing the end of crypto, yet in reality we continue to see interest in and demand for these assets. The huge price rally at the end of 2017 brought crypto to the attention of the masses and thrust these infant tech companies into the spotlight. Since then prices have stabilized and the crypto industry has had the chance to catch its breath. It has used this opportunity to engage with and educate regulators and participants across traditional finance services as to the opportunities offered by crypto and blockchain more broadly. At eToro, we welcome appropriate regulation for crypto and believe that it will accelerate mass adoption.”

“Crypto is here to stay. We believe that in the future all assets will be tokenized and that crypto is just the first step on this journey,” he concluded.

Do you think that more escrow companies will soon support cryptocurrencies? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Glen Oaks Escrow, Etoro


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TRON (TRX) and EOS are Trading in the Red Despite Releasing Big News

Tron (TRX)

While the total cryptocurrency market is trading mostly in the red today, most of the top digital tokens are only seeing slight losses. For the past 30 days, the total cryptocurrency market has hovered around the $210 billion range. Today, we’re going to take a closer look at TRON (TRX) and EOS.

 TRON (TRX)

TRON is currently the 11th largest cryptocurrency by its total market cap and is sitting just under Monero (XMR). Two days ago, TRON’s Founder Justin Sun announced that Odyssey 3.1 would be launched at 8 PM SGT that day.

Based ...

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EOS, TRON (TRX), and Litecoin (LTC) Updates: Prices Up and Down

EOS

The cryptocurrency market is trading mostly in the red this Friday morning. Most coins in the top 10 cryptocurrencies are either just above the percentage gains threshold or just below. EOS and TRON (TRX) are currently in the green, but Litecoin (LTC) is trading down.

Let’s take a closer look at these projects and their latest movements.

EOS

Recently, the official ‘EOS’ Twitter name was changed to Block.one. Block.one is the blockchain-based company that formed EOS. The company must be taking bets that most people truly interested in EOS know about Block.one, but I’m ...

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StellarX is Officially Launched but XLM Remains Red

StellarX launches

Today, StellarX launches! StellarX is the Stellar network-based zero-fee decentralized cryptocurrency exchange. The company behind the platform, Interstellar, announced the upcoming launch via a Medium blog post on September 28th. XLM has yet to be positively affected by the news.

StellarX Launches!

Previously, StellarX was open only to a number of individuals who signed up for its Beta testing, but it seems the team at Interstellar feels confident in their product thus far—confident enough to launch publically!

What makes the platform stand out from the rest is that it’s a totally free trading platform. ...

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NEM Gains 13% in 24-Hours While the Rest Are Sleeping. What’s Causing this Bull-Run?

NEM Gains

The cryptocurrency market is moving very slowly today. Some of the top coins are in the red: Bitcoin at -0.20% and Ethereum at -0.36%. Small losses, but pretty appropriate for a day when the market is dragging its heels. However, there are very notable NEM gains happening right now.

NEM (XEM) is, without a doubt, today’s biggest winner, having grown 13% in the last 24-hour period. So, what has NEM trading in the green, especially when every other coin is pretty much asleep!?

Let’s find out!

NEM Gains

NEM (XEM) is ranked ...

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Eternal Token, What is It? And Why is It Up 42% Today?

Eternal Token

What is Eternal Token (XET)? Where did it come from? And how has it grown so much so fast?

When a coin makes gains of 42% in a 24-hour period, it piques your interest. It doesn’t matter if it doesn’t sit within the cryptocurrency top ten, such massive gains in such a short period of time warrants investigation. So what exactly is Eternal Token (XET)?

Let’s find out.

Eternal Token

Eternal Token is new. Very new. It was created in June of this year and began listing on Coinmarketcap.com in August. It ...

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BCH Price Rally: Bitcoin Cash is Up Nearly 30% and is Still Going! What’s Going On?

BCH price rally

Hold onto your hats folks! There is a BCH price rally happening right now! But why!?

The coin has rallied almost 30% at the time of writing; according to coinmarketcap.com, BCH is currently up 28.94%. Are we seeing a repeat of what Ripple (XRP) accomplished last week?

BCH Price Rally: Is Bitmain the Cause?

So without a doubt, BCH is the best performing coin on the market right now. Analysts are attributing the BCH price rally to the successful IPO filing of Bitmain with the Stock Exchange of Hong Kong Limited.

Mati ...

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Cryptos in Red: After a Successful Last Week ETH, XLM and XRP are Down

Cryptos in red

Well is anyone truly surprised that last week’s crypto bull-run is over? There are cryptos in red today across the board. About 95% of the coinmarketcap.com’s top 100 list to be more precise, but we’re interested in the real losers. The top dog’s who are also today’s top losers, including Ethereum (ETH), Stellar (XLM), and Ripple (XRP).

Let’s check in with these cryptos in red.

Cryptos in Red: Ethereum (ETH)

Saturday saw Ethereum reach a high of $251.20. But it has been downhill from there. In the past 24-hours, ETH has made a further ...

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Ripple (XRP), Stellar (XLM) and Litecoin (LTC) All See Losses to Start the Week

Ripple (XRP)

The crypto market is in the red this morning, after ending last week on a high note. Ripple (XRP) passed ETH for a few hours on Friday during its bull run, which in turn boosted the entire market. Stellar (XLM) and Litecoin (LTC) saw monumental gains, but now, the crypto market is red across the board.

Let’s take a closer look at these three cryptocurrencies and their latest movements.

Ripple (XRP)

Ripple Labs has had some big news lately, which has boosted the price of XRP. Ripple and XRP are often confused with one ...

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Ethereum (ETH), Litecoin (LTC), and Monero (XMR) Rise from the Ashes

Ethereum (ETH)

The cryptocurrency market is rebounding today, after a brutal couple of weeks on the market. Ethereum (ETH), Litecoin (LTC), and Monero (XMR) are among the coins making the biggest surge this morning.

Recently, the market hit its year-low, and many of the coins reached their yearly lows as well.

Let’s take a closer look at these three coins and their latest developments.

Ethereum (ETH)

Ethereum, the second-largest cryptocurrency by its total market cap, hit its year-low this week, sinking below $180. ETH hadn’t been under the $180 price point since late June ...

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Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) Crash

Bitcoin (BTC)

The cryptocurrency market is on the fritz this morning as most cryptocurrencies are in the red and seeing losses in the double-digital percentages. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are all taking significant losses today. Bitcoin Diamond, however, is currently seeing gains well above 100%.

Many speculate that the fall of the crypto market today is due to the announcement that Goldman Sachs is pulling its cryptocurrency trading plans. This could very well be the case, as many investors see a potential crypto trading desk by Goldman Sachs as a push for more widespread adoption, ...

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ICON Surges This Week – Growing 25%

Some Altcoins made surprising moves this week. In particular, ICON jumped 25% in the last 7 days.

This is interesting because when looking at the coin leaders, their actions remained relatively flat; Bitcoin kept finding its way back to somewhere between the $6,700 and $6,750 marks, with the latter being the highest the coin achieved across the week. No major movements happened.

But at the same time, ICON (ICX) was doing this:

What is ICON?

ICON is a favorite of South Korea and is often dubbed the nations version of Ethereum. Over ...

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Ripple (XRP), EOS, Litecoin (LTC) Coin Update

Ripple (XRP)

The cryptocurrency market is trending upwards today as most coins within the top 100 are currently trading in the green. Bitcoin (BTC) is currently trading over $6,600 and Ethereum (ETH) is just below the $300 mark.

Let’s take a closer look at Ripple (XRP), EOS, and Litecoin (LTC) today and the latest movements with each of these projects.

Ripple (XRP)

Ripple has been making steady moves with its xRapid product lately.

Dig this: As of right now @BittrexExchange, @Bitso and @coinsph are now official partners for xRapid transactions using #XRP. What does ...

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DASH Targets Venezuela as Inflation Continues to Rise

DASH News

DASH, the 14th largest cryptocurrency by its total market cap, has just announced that it is focusing a lot of its efforts on one country currently.

DASH in Venezuela

Ryan Taylor, CEO of Dash Core Group, told Business Insider that his team has seen a rise in Dash Wallet downloads in Venezuela within the last couple of months due to rising inflation.

“We are seeing tens of thousands of wallet downloads from the country each month,” Ryan Taylor, the CEO of the Dash Core Group, told Business Insider. “Earlier this year, Venezuela became our ...

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EOS, Litecoin (LTC), & Tron (TRX) Fall

cryptocurrency market fall

As we start out the fourth week of August, we see most of the cryptocurrency market fall. Bitcoin (BTC) is trading just below $6,500 and Ethereum (ETH) has once again dipped below $300. This weekend, the market took a slight rise and almost peaked over $225 billion, but has since been corrected.

Let’s take a look at EOS, Litecoin (LTC), Tron (TRX), and their latest project updates today.

Cryptocurrency Market Fall – EOS

For the third month in a row, EOS has been given the top rating spot on China’s national blockchain ratings. The ...

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Over 60% of Top 100 Cryptocurrencies Have No Working Product, Study Claims

Over 60% of Top 100 Cryptocurrencies Have No Working Product, Study Claims

Of the top 100 cryptocurrencies listed by market capitalization, only 36 are actually what the authors term “working products” in a study recently published online. Newer ecosystem website, Invest in Blockchain, commissioned the study. It’s sure to be debated, and hotly, as to which coins made the cut to 36, but the authors attempt to assure readers certain standards were applied across the board in order to make their determination much of the cryptosphere is a giant dumpster fire.

Also read: Bitcoin Stickers Attract Unwanted Attention from Authorities

A Cold 36% Out of 100 Top Cryptocurrencies Have Working Products

In fact a cold 36% of the top 100 cryptos have what the writers define as “working products.” They agree that “it’s important to define what exactly constitutes a working product in the first place.” Simply taking into account a project being “open-source, building a basic blockchain and launching it isn’t a very high bar to set. We wanted to be a bit more rigorous with our criteria.”

“If you haven’t run into at least a handful of people who are cynical about the state of the blockchain industry and think it’s mostly scams and vaporware, well… you probably haven’t been into crypto for very long,” John Bardinelli and Daniel Frumkin wrote in the study, Cryptocurrencies In The Top 100 With Working Products That Are In-Use. “And the truth is, those cynics have a good point.”

Over 60% of Top 100 Cryptocurrencies Have No Working Product, Study Claims

 

The study was put out by the site, Invest in Blockchain, founded in 2017. They claim to have “researched the top 100 cryptocurrencies (by market cap) in an effort to learn how many of them actually had working products that are providing real value. The same research done in 2017 may have yielded some truly discouraging results but, even now, the results aren’t exactly stellar.”

For the authors of the study, a “working product” is 1. “active and available to the public,” 2. “Its mainnet has likely been released for some time, bumping the version numbers well above 1.0,” and 3. “Businesses and individuals use it on a daily basis for dapps, smart contracts, or digital currency transactions.”

Dash Doesn’t Make the List

As they researched, the authors were sure to match project promises made to what has actually been delivered, the present state of the company, its roadmap, and release history. Still, there “are many projects in the top 100 that have launched their mainnet, and can claim to have a ‘working product’ by a loose definition,” the authors note.

“However, we have chosen not to include projects which aren’t actually being used by any significant measure, which means that most of the recently launched mainnets will not yet meet our criteria.” For example, “a dapp platform that has a mainnet but that doesn’t have any noteworthy dapps on top of it isn’t considered ‘working’ by this criteria,” they conclude.

Over 60% of Top 100 Cryptocurrencies Have No Working Product, Study Claims

Projects that made the cut are: “0x Protocol, Ardor, Augur, Bancor, basic attention token, bibox token, Binance Coin, Bitcoin, Bitcoin Cash, Bitshares, bytecoin, decred, ethereum, Golem, Huobi Token, komodo, Kucoin Shares, kyber network, litecoin, Loom Network, Monero, nano, NEO, PIVX, Polymath, Pundi X, QTUM, Ripple, Siacoin, Steem, stellar, tether, Wanchain, Waves, ZCash, and zencash.”

As noted, there is bound to be controversy with lists such as these. Commenter PertReader1 notes, “LOL you include PIVX a fork of Dash, but ignore Dash? You mention that PIVX ‘launched’ in 2016, yeah as a fork of Dash. How can you practice such yellow journalism?” One of the authors, John Bardinelli responded, “We left Dash out of the picture because of Dash Evolution. DE redefines the project’s focus.” To which yet another commenter, kanuuker1, fumed, “That’s a total load of crap. Evolution is only the next major update. Our goals haven’t changed in years. Dash has a fully working project and is much further along in its development than every other project.”

Do you think there are too many coins out there? Share your thoughts in the comments section below.


Images via Pixabay.


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TRON (TRX), IOTA (MIOTA), and Ethereum (ETH) Lose Big

Ethereum (ETH), TRON (TRX), IOTA (MIOTA)

The crypto market has been taking quite a beating these past 36 hours. Bitcoin (BTC) is currently trading around the $6,000 mark and currently holds 54% of the total market dominance. Many of the altcoins are suffering, especially Ethereum (ETH). We’ll also take a closer look at TRON (TRX) and IOTA (MIOTA), two other altcoins on the market that are currently suffering big.

Ethereum (ETH) News

Yesterday, the second largest cryptocurrency by market cap fell to its year-low of under $300. According to CoinMarketCap, ETH is trading at $261.46 a coin, down -15.01% in 24 hours. ...

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Crypto Movement: Ethereum (ETH) Drops Below $300 and Stellar (XLM) Passes EOS

Ethereum news

The cryptocurrency market has been all over the place lately with its price movements, and today, most of the top 10 cryptocurrencies are in the red. Today, we’re going to track the latest Ethereum news and Stellar news.

Stellar (XLM) has made a phenomenal rise on the market lately, but it seems that the world’s second largest cryptocurrency, Ethereum (ETH), has dipped to a year-low today.

Ethereum (ETH) Dips Below $300

Ethereum news today has ETH hitting its year-low of below $300, as the coin took an unexpected nosedive during earlier trading. Ethereum hasn’t ...

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Stellar (XLM) and Coinbase Rumors Circulate—Facebook Talks with Stellar

Stellar news Stellar (XLM)

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EOS and Stellar (XLM) Progress—One Step at a Time

EOS

Most of the cryptocurrency market is in the red today, as Bitcoin (BTC) has just fallen below the $7,000 mark. But today, we’re focusing on EOS and Stellar (XLM), and their latest project updates and price.

EOS

The first EOS Global Hackathon took place in Hong Kong back in mid-June. There was a total of 80 teams that participated in the event from around the world, and $144,000 USD was awarded.

The second EOS Hackathon took place in Sydney, Australia over this weekend.

The moment you’ve been waiting for – congratulations to ...

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