The cryptocurrency market is rebounding after suffering a big hit from Google (NASDAQ:GOOGL). However, it was just announced that the Financial Stability Board does not consider cryptocurrencies a “risk.” It remains unclear as to why the market is surging back so strongly but this might be why. The FSB coordinates the financial regulation for the g20 countries and their stance on this matter can persuade leaders to think differently.
Here are the coins that are making a strong surge in today’s market.
Tron Dogs vs CryptoKitties! Are you a dog or cat lover?
Cryptokitties took the crypto world by storm towards the end of November and brought in $3 million USD within the first week of launch. Since then, many other crypto games have emerged that give the first decentralized application a run for its money. Tron Dogs has taken over recently, built by Game.com, it is run on the Ethereum network. Tron dogs is geared towards the Tron community as users must have TRX to play the game. Both games encompass crypto collectible pets that players can ...
The cryptocurrency market had another rough ending to the work week. If you can see from the chart below, the market took a nosedive starting on Monday.
However, it began recovering early this morning only to correct itself, again. Some coins remain in the green though but are barely hanging on. At press time, the entire market is sitting around $360 billion USD.
XEM is currently the only coin in the top 15 cryptocurrencies that is seeing percentage gains on the market. The coin’s ...
The cryptocurrency market is suffering through a major correction today. The entire market has just plunged below $400 billion, again. Yesterday, it was announced that Russia would be drafting up a law to criminalize using cryptocurrency as money. It’s unclear if this sparked the market’s decline, but Binance has caused a major hit to the market too. Some users reported via Reddit that the exchange had sold their altcoins at the market rate without their permission or notification.
The exchange took to the popular forum with a formal response saying, “We are investigating reports of some ...
The cryptocurrency market is down today sitting at just under $450 billion, as we start out Tuesday.
Tron (TRX) spiked in price on Friday, as three big announcements dripped out to the crypto community. TRX got listed on the major exchanges Bittrex and Upbit, which caused the price to spike nearly 25% but has since fizzled off. On Thursday of last week, the main net release date was announced to be advanced to May 31st. This is big news for TRX ‘hodlers‘ as many investors have been anxiously ...
Tron has jumped 25% in price against the dollar. Tron’s TRX tokens were trading for $0.045 yesterday, with the price jumping to $0.056 earlier today. The move places Tron as the fourteenth most valuable cryptocurrency in terms of market cap, with a total valuation surpassing $3.4b and overtaking Ethereum Classic. It’s possible that the price … Continued
The day we’ve all been waiting for – no, not the Oscars – the Crypto Oscars!
It’s the time when all the coins come out, dressed in their ritziest conversion rates and flashing their market cap. The red carpet rolls out, and the crowds swarm in – here they come! Is that Bitcoin stepping out of the limo with Ethereum? But enough gossip, let’s get on with the show!
On Monday, we reported that there would be eight separate categories: four to be calculated today and four to be determined by you, the voters. ...
Tron (TRX) is leading the cryptocurrency market this morning, as it is the only digital token that is seeing considerable gains within the top 15. Yesterday, was a big day for the Tron Foundation. It was announced that the launch date for Tron’s main net had been advanced. Originally, it was set for July 1st but has been moved up to May 31st.
Tron’s technical team answered various questions in an exclusive interview regarding the reason for the advanced launch. The 50 member technical team came to the conclusion to grade all of the main net ...
Last week, Tron’s founder, Justin Sun, announced via his personal Twitter (NASDAQ:TWTR) that Tron’s main net launch date would be advanced. Three days later, after the usual scrutiny for his usual vague announcements for bigger upcoming announcements, he informed TRX ‘hodlers’ that the details of said announcement would be out this week.
Don’t yell at me for the meme above, you have to admit it’s pretty hilarious and fitting.
Via a translated Medium post this morning, the Tron Foundation announced this date in an interview with the project’s ...
The cryptocurrency market as a whole has taken a slight correction, with no specific reason for doing so. There have been crickets lately with new worldwide government regulations, which is a great thing as those announcements have driven crypto prices down exponentially in the past. With prices down today, there are still a few coins seeing gains and leading the market.
DigixDAO coins are entirely backed by bars of gold. Yes, that’s right, actual gold. A single token represents 1 gram of gold. The team’s reason behind this ...
You’ve heard of the scheme, seen the tweets, and been smart enough not to send cryptocurrency in the promise of receiving more back. The Twitter crypto scam, in which fraudsters impersonate the accounts of exchanges and influencers, is as simple as it is pernicious. While the odds of anyone falling for these scams is remote, they’re spoiling crypto Twitter for everyone – and Twitter is to blame.
“Big news from the Poloniex team today!” tweeted the U.S. exchange on Monday, announcing its acquisition by Circle. The first response to the tweet was as predictable as it was pitiful: “We аre joining Circle! To commemorаte, we’re giving аwаy 2000 ЕТΗ,” wrote “Palooniex”. “To pаrticipаte, senԁ 0.3-3 ЕТΗ to our аԁԁress below аnԁ get 3-30 ЕТΗ bаck. Hurry!”
It’s easy to get mad at scammers for perpetrating these sorts of frauds, but the real blame lies with Twitter. Scammers gonna scam after all; it’s up to the platforms to combat their attempts to ruin the service for everyone else. These fraudsters effectively serve as pen testers, seeking weaknesses to exploit for their own personal gain. The frustrating thing is that thwarting them would be a simple fix, but Twitter either doesn’t care or has bigger fish to fry, and thus the scams continue unchecked and unabated.
Scamming Is Social Arbitrage
Some people view these low-level scams as a form of social arbitrage: taking crypto from the stupid and redistributing it to the smart. It’s true that it takes a particular level of stupid to send money to a stranger because they promise to send you more in return. But even for the majority of crypto users who don’t fall for these scams, they’re still ruining crypto twitter. Reading the replies to tweets from verified users is now pointless because they’re filled with begging rather than comments which add to the discussion. It’s also getting tiresome having to read repeated tweets from crypto influencers stressing that they have not and never will be giving away free cryptocurrency.
There is a number of solutions Twitter could implement to combat the practice, none of which would require extensive effort on their part. For one thing, they should make it impossible for an account to post a reply to an account they have already blocked. At present, crypto figures are unable to view the scams being perpetrated in their name because the fraudsters block them in advance. The second thing Twitter could do is prohibit accounts from creating a similar combination of avatar and username. Creating an account with the username “palooniex” should not in its own right be grounds for concern, but doing so in conjunction with the same Twitter avatar as Poloniex should be.
Twitter is so broken right now that someone succeeded, this week, in obtaining a verified account for Justin Sun. The fraudulent account mimicked the Tron founder right down to the blue tick and then proceeded to promise free crypto to all via a TRX airdrop. There was just one catch: participants first had to send him some cryptocurrency. Like most organizations that gravitate from nimble startup to hulking corporation, Twitter is a victim of its own success. Back when it was a nimble speedboat, it could adjust its position on the high seas with ease. But now that it’s an oil tanker, making the same maneuver takes aeons. And all the while, the scammers and fraudsters keep mounting up.
Do you think Twitter is to blame for failing to crack down on scammers? Let us know in the comments section below.
Images courtesy of Shutterstock, and Twitter.
Need to know the price of bitcoin? Check thischart.
NEO and GAS are leading the cryptocurrency market today as the coins with the most percentage gains, but there are a few others trailing right behind.
TRX saw a slight price increase today, as it had a downward trajectory most of last week. On Friday Tron’s founder, Justin Sun, tweeted that Tron’s main net will be released earlier than previously anticipated. Today, Sun sent out another tweet that the details for the main net and it’s early release will be given to the public sometime this ...
The cryptocurrency market has broken over the $500 billion mark early today. Most of the coins in the top 100 are all seeing gains. It seems the total market is on a steady upward climb, which is a relief because it’s been a bumpy ride in 2018 thus far.
Here are some top coins on the market today.
As you can see from the 7-day chart above, BTC has been making steady gains this week. Many global regulations have pushed the entire cryptocurrency market ...
It has been a pretty stagnant day on the cryptocurrency market, as most are seeing only minor gains or losses across the board. Stellar (XLM) and Ethereum Classic (ETC) are among the biggest gainers for today at an average of a 10% gain. Here are some updates on how some coins are panning out on the market today.
The price of Ethereum has been leveling off this past week. Exactly a month ago, it hit its all-time record high above the $1,400 mark but has since been on the decline. Ethereum developers, ...
Coin vs. Coin – who will be crowned the Crypto Olympics Champ?
It’s been a great first couple of rounds of the Crypto Olympics. On Day 1, TRON came away the winner; Day 2 crowned Litecoin as the winner. Today, we’ll be seeing our first two winners face off with each other!
In case you’ve missed the rules, here’s a quick rundown: we start with two coins and measure their gains and losses between 9:00am and 4:00pm ...
Game.com’s CEO, Xu Le, tweeted big news just 13 hours ago, in regards to updates to Tron Dogs. Pet store owners will now be cumulatively ranked and also ranked on top sales! The Game.com team will be donating at least 1 million TRX to this event.
Many Tron dogs pet store owners have commented on the post extremely excited about this new update to the game. Breeding is still unavailable on Tron Dogs though. It remains still unclear when this feature will be made available to the public but it ...
Coin vs. Coin – who will be crowned the Crypto Olympics Champ?
This is how it’s going to work: we’ll start with two coins, then we monitor their gains and losses throughout the day, on the hour. The finish line is 4:00 pm PST. Whichever coin crosses the finish line with the highest percentage gain (or whichever coin lost the least in the case where they’re both down) will be the winner of the day. Then, the next round begins the following morning, with the winner versing a new coin. By ...
Altcoin Update: Cryptocurrencies are finally making a comeback, after a rough start this week. Various countries trying to implement anti-crypto regulations has caused major panic selling in the last few weeks. Despite the major market corrections, it seems that crypto investors have gained some confidence. Most coins were up in the double-digit percentages yesterday and climbing. This could possibly be a temporary reprieve, as there have been various attempts to recover the market this past month. In the last few instances when the market grew quickly, individuals began liquidating assets.
After a rough couple of days on the cryptocurrency market, it seems that most coins have begun rebounding today.
Early Thursday, news broke that India was planning to ban cryptocurrencies. As usual, the media altered what the Finance Minister actually said and scared a group of cryptocurrency investors. Arun Jaitley made a statement saying that India “will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system.” In no way was he saying that all cryptocurrencies were being banned but people read the misinterpreted media ...
Despite its rough start, the Tron Dogs English version is finally in full swing. The developers of the game launched the game back on the 22nd but encountered various issues and took it down within just a few hours after its launch. This Sunday, the new version of the game re-launched and has been successful thus far. The full website back on Sunday had yet to be fully translated from Mandarin but now, the entire game has been fully translated. The Korean and Japanese versions were supposed to be released simultaneously but it seems that has been put ...