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.”
Pixabay/Public Domain
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.
