Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin

Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin

admin 2017, Altcoin News, Altcoins, Crypto News, Ethereum Classic, In the News, Litecoin, NEM, Prices, Ripple 0 Comments

Ethereum Classic has become the fifth largest cryptocurrency in the world after surpassing the market cap of Litecoin. Briefly, Ethereum Classic also overtook NEM, the fourth largest cryptocurrency with a significantly high daily trading volume. The daily trading volume of Ethereum Classic remains larger than Ripple and NEM, the third and fourth largest cryptocurrencies behind Bitcoin and Ethereum, at $326 mln. In fact, Ethereum Classic’s daily trading volume is 17 times larger than that of NEM. Simply Classic Over the past few months, Ethereum Classic has enjoyed an explosive growth in demand and daily trading volume primarily due to two major driving factors: the debut of the Ethereum Classic Trust and the integration of ETC by leading digital currencies. On April 24, Barry Silbert-led Digital Currency Group, arguably the most prominent investment firm within the Bitcoin and Blockchain industries, launched the Ethereum Classic Trust to provide a platform for accredited and institutional investors to invest in ETC via a regulated channel. Since then, Ethereum Classic has experienced an overall increase in demand, price, market cap and trading volume. By April 1, Ethereum Classic’s market cap was around $200 mln. In less than two months, the market cap of Ethereum surged …

TokenCard

Ethereum Based Debit Card ‘TokenCard’ ICO Raises $12.7 Million in 30 Minutes

admin Altcoins, Bitcoin 2.0, ICO's, Smart Contracts, Visa 0 Comments

TokenCard, which according to their website aims to create a smart contract powered debit card, just managed to raise almost $13 million in about 30 minutes through eth itself as well as other ethereum based tokens, such as SingularDTV (SNGLS). The majority of the funding came through eth, with almost 170,000 sent, valued at around $12,782,000. Some 1.6 million SNGLS tokens were sent with the next biggest being 6,600 Golem (GNT) tokens, which in combination are valued at around half a million dollars. Tokencard ICO stats according to their website. So the figures sort of don’t add up, but they could be using a different price for eth. The token sale, however, has encountered problems. An ethereum proponent and ICO participant found out that those who sent SNGLS received far more tokens than those who sent eth, paying a dollar equivalent of $0.0699 per token while ethers paid in a range of $0.52 to $0.78. A representative from Monolith Studio, which is to create the TokenCard, stated “all is fine” before adding that “on a scale for [sic] 1 to 10 in terms of seriousness; this is a 1.” Many would disagree, giving blatant unfairness in the token sale process, …

Bitcoin Debit Cards, Bitcoin Visa Debit Cards

Uquid Allows 40 Different Altcoins to Use Visa’s Global Network

admin Altcoins, Bitcoin Bank, Bitcoin Credit Cards, Bitcoin Debit Cards 0 Comments

As we have discussed previously at Cointelegraph, there are multiple Bitcoin debit card options on the market, some better than others, depending upon your location and economic needs. However, the altcoin market, whose combined value reaches into the blns of USD worth, has not reached this level of mainstream sophistication. That is until now. Altcoin fans can now use their favorite cryptocurrencies to load a virtual VISA card, thanks to Uquid. In a world first, users can spend using over 40 different cryptocurrencies on mobile top-ups, bill payments, pharmacy and food vouchers, transportation tickets, wi-fi recharges and PIN-less calls. Uquid’s Visa debit card is also the first in the world to offer unlimited loading and spending without ID verification. On top of that, users can load cards with a huge selection of the most popular altcoins, including Ethereum, Ripple, Litecoin, Monero, Dash, Augur, MaidSafeCoin, Steem, Dogecoin and more. The main benefits of the Uquid card includes no identification or credit check required, instant issuance and free worldwide delivery, unlimited card support and zero percent point-of-sale fees. Customers can also get virtual cards denominated in GBP, EUR or USD. Debit cards come with AVS matching and the Uquid card can also be …

Bitcoin Lending Platform Bitbond Rakes in 600K Euro Investment

admin Altcoins, Banking, Bitcoin, Bitcoin Bank, Bitcoin Lending / Loans, Bitcoin Startups, Crowdfunding, Investors, Loans & Lending, Micro Payments, P2P Lending, Peer-to-Peer 0 Comments

Global Bitcoin P2P lending platform Bitbond has raised 600,000 euros in second tranche of angel funding. The platform’s total funding for the round has now reached 800,000 euros. The prominent angel investors this time included Florian Heinemann and Uwe Horstmann (Project A), Christian Vollmann (early investor in ResearchGate), and Felix Jahn (co-founder of Home24). Bitbond will utilize the funding to expand its customer base and make a highly pronounced impact on emerging markets. Bitbond, which was introduced in 2013, has processed over 600 loans with the number of registered customers touching 10,000 from over 120 countries. Radoslav Albrecht, founder & CEO of Bitbond said: “The additional resources will help us to continue realizing our mission which is to make lending and borrowing globally accessible. We are happy to have such experienced investors supporting us on this exciting journey.” On the development, angel investor Christian Vollmann commented that, “Currently over 50% of small businesses are underserved by banks and don’t have access to credit. Bitbond provides a technological solution to this problem. It’s great to see such an innovative approach being developed in the Berlin startup scene.” The International Finance Corporation of the World Bank estimates that the global credit gap …

P2P Lending Market Growth By The Numbers 2015

admin Altcoins, Bitcoin, Bitcoin Lending / Loans, Bitcoin Services, Crowdfunding, Investors, Loans & Lending, Micro Payments, P2P Lending, Peer-to-Peer 0 Comments

Ever since the financial crisis in the U.S. happened, potential borrowers have been desperately trying to find better access to credit and at lower interest rates, in the meantime, retail investors have been seeking ways to grow their money more efficiently and receive higher returns on their investments. Banking institutions, who’ve been saddled with regulatory burdens, haven’t been able to fully meet the needs of either. Because of this gap in the market, much room was left open for the rapid growth of a new financial sector — peer-to-peer lending. Peer-to-peer lending platforms like Lending Club and Prosper Marketplace run online lending services that can quickly and automatically match borrowers seeking a loan to an investor willing to provide the funds for that loan at an attractive interest rate.         P2P Lending Market Numbers Infographic   Infographic credit to: www.LendingRobot.com   P2P Lending Growth Facts For 2015   The Peer-to-Peer lending industry is seeing significant growth, especially in developed countries with strong financial markets. P2P lenders in the US generated $6.6 billion in loans last year, up 128%. The US has one of the largest P2P lending markets in the world by loan volume, but the UK’s loan volume 72% larger on a per capita basis. Caused by low …

Bleutrade Exchange – Review & Tutorial

admin Altcoins, Bitcoin, Bitcoin 2.0, Bitcoin News, Bitcoin Trading Platforms, Blockchain, Exchanges, Market Terminology 0 Comments

We’ve been trading cryptocurrency (alt coins such as Bitcoin, etc.) at Bleutrade for a few months now and figured it was time for a review of our experience(s).  We’ve also provided some tutorials on how to get started.   BLEUTRADE.COM REVIEW We first heard about Bleutrade earlier in 2014, but hadn’t gotten around to making an account and transferring in some cryptocurrency until May or June. We decided to check them out and start trading because their trading interface is quite a bit different than any other exchange out there.  (if you’re not quite sure what all of this “cryptocurrencies” stuff is all about – check out this good article over on Wikipedia) HOW IS BLEUTRADE DIFFERENT? This is not to say that the actual trading process is different – it’s not, but the fact that there are so many different “trading pairs” is what really got our attention. Many exchanges only allow for trading your favorite cryptocurrency for Bitcoin, and to a lesser extent the other exchanges will allow you to trade in Litecoin too, but only in limited markets.  Bittrex has recently opened some trading pairs with Blackcoin, but not many. HOW MANY TRADING PAIRS? Bleutrade on the …