Why Is the NEO Cryptocurrency Soaring Today? (The Motley Fool)
The NEO cryptocurrency traded 17.2% higher on Monday morning, according to a reading from Coinmarketcap at 11 AM EST. On a day when most of the major digital currencies were up no more than 7%, that’s a significant jump. So what’s going on with this large, but not terribly well-known, e-currency today? The Ethereum of China just received a fantastic grade from investment ratings bureau Weiss Ratings. The firm, which has been grading everything from insurance plans to financial services since 1971, is perhaps the most respected authority on the quality of individual cryptocurrency models today. At the end of January, Weiss gave NEO a respectable B- grade. In a world where Ethereum had to settle for a B and market leader bitcoin only gets a C+, that’s a pretty strong rating.
Crypto Exchange Poloniex Acquired By Payments Startup Circle (CoinDesk.com)
Circle announced Monday that it has acquired the U.S.-based cryptocurrency exchange Poloniex, confirming recent rumours about the deal. In a statement, Poloniex said that its team would be bolstered by the operational and customer support resources from Circle “so that we can continue to scale effectively going forward.” “We recognize that our extraordinary growth these past few years has not come without some growing pains for our users. We look forward to bringing Circle’s experience to increase the scalability and reliability of our platform and operations.”
Flippenning will Push Litecoin (LTC) to Over $1000! (CryptoRecorder.com)
It’s an interesting time to be a Litecoin (LTC) investor. A few hours ago, Litecoin founder Charles Lee sent out the following tweet, “The flippenning (ETH>BTC) will never happen. But the flappening (LTC>BCH) will happen this year.” He also shared a chart showing how Litecoin (LTC) market share is slowly closing the gap with the market cap of Bitcoin cash. You are probably, what does flippenning even mean, and how does it relate to my Litecoin holdings? Well, flippenning means a point in time when any other cryptocurrency will have a large enough market share so as to dethrone bitcoin. If this is what is about to happen to Litecoin as Charles Lee is insinuating, then you can be sure that the value of Litecoin (LTC) is about to head to the moon, and for good reason.
0DeVere adds support for Ripple and Dash (Finextra.com)
Despite almost all major cryptocurrencies ending last week in the red after another highly volatile few days, one of the world’s largest independent financial services organisations has today added two new tokens to its crypto trading app. Users of deVere Crypto, the deVere Group’s trailblazing app launched only three weeks ago, can now also store, transfer and exchange Ripple (XRP) and Dash (DASH), alongside the existing cryptocurrencies on the app: Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). By market cap, Bitcoin is the world’s largest, followed by Ethereum (second) and Ripple (third). Litecoin is fifth and Dash is tenth.
What is Santiment Net (SAN)? | Beginner’s Guide (CoinCentral.com)
What is Santiment Net? Santiment Net (Santiment for short) is a cryptocurrency data feed for investors. The goal of the Santiment team is to become the Bloomberg of the crypto market. The current investment landscape is riddled with misinformation, and verifiable resources are few and far between. Because the industry is largely unregulated, you have to commonly deal with market manipulation through fake buy/sell orders, nefarious promotions, insider trading, and news cycles that either push up the price of a coin to unsustainable levels or crush a project through FUD (Fear, Uncertainty, and Doubt). It’s difficult to find reputable sources to pull data and information from.
Venezuelan Government is Providing a Free Cryptocurrency Training Course for Citizens (FXStreet.com)
The Venezuelan government is now offering a course to teach citizens how to buy, sell and mine cryptocurrencies, the course will also cover all to know about the nation’s new oil-back currency, Petro. The training centre is based in its capital city, Caracas, according to local television, Telesur TV. One of the new teachers at the new base for cryptocurrency training, Carmen Salvador, was quoted saying, a completely free training,” noting that “in any international market a trading course cost more than $500 to $800.”
Zebpay Launches ‘Ether’ Cryptocurrency for Trading in India (ZeeBiz.com)
In addition to Bitcoin, Bitcoin Cash, Litecoin and Ripple, a crypto-currency trading platform Zebpay has announced that another digital currency namely ‘Ether’ is now also available for trading on the platform. This means the users can now buy, sell, send and receive all these cryptocurrencies / crypto-assets on the Zebpay. Nischint Sanghavi, Head of Exchange, Zebpay, said, “We are pleased to announce that Ether will now be trading on Zebpay. Ether is the second most popular cryptocurrency across the globe, its market and trading value are only second to Bitcoin and it is quite favourable among crypto users.”
Bitcoin Foundation: New York Lawmakers Need to Reform “Fundamentally Flawed” BitLicense (Cryptovest.com)
The Bitcoin Foundation found a tough, but open crowd, when it visited with members of the New York legislature recently. Up for discussion was what to do with cryptocurrencies, which continue to be bones of contention in the Empire State. There is a divide between the crypto community and lawmakers over how to regulate the space. Lawmakers have squabbled with members of the Bitcoin community about its BitLicense, which is a business license of virtual currency activities issued by the New York State Department of Financial Services (DFS).
Cryptocurrency, The Carbon Powered Coins (CryptoDaily.co.uk)
In the bubble of dispute and uncertainty that floats around cryptocurrency in recent times, little is said about the impact the mining and production of cryptocurrency is having on the environment. The production of mining cryptocurrency is quite perplexing, but the premise of it can be described quite simply, take Bitcoin for example, users who wish to mine for Bitcoin must solve puzzles. The puzzles, are part of a network of pending Bitcoin transactions that are verified through the solution of these puzzles, in return, the user is paid a transaction fee through which new Bitcoins are generated. Often, these puzzles require immense computing power, across huge networks of computers all working together to mine the Bitcoins.
Bitcoin WARNING: EU Commission Says Crypto is NOT Currency Ahead of Imminent Crackdown (Express.co.uk)
Bitcoin and other cryptocurrencies have attracted a growing number of investors since their value began skyrocketing shortly before Christmas 2017. Mr Dombrovkis warned that speculation could pose risks to investors, suggesting the European Union stands ready to regulate cryptocurrencies in months to come. He said: “Cryptocurrencies – which are not currencies in a traditional sense and whose value is not guaranteed – have become subject to considerable speculation: this exposes consumers and investors to substantial risk, including risks to lose their investment.
Hacker Returns $26 Million Worth of Ethereum Back to Hacked Company (BleepingComputer.com)
A hacker has returned over $26,2 million worth of Ethereum to CoinDash, the company it obtained the funds from in July 2017. The money was sent back in two tranches. The hacker sent the first one in September last year when he returned 10,000 ETH ($8.7 million) and a second round last Friday when he returned another 20,000 ETH ($17.45 million). The hacker did not return all funds, though, keeping over 13,400 ETH ($11.7 million) from the 43,400 ETH ($37.9 million) CoinDash believes the hacker stole.