According to data revealed by cryptomontage analysis firm CryptoRank, DASH continued to show a positive performance in the second quarter of 2020 (+12.8%), after experiencing the best performance since the first quarter of 2017 with +59%. Currently, DASH’s return in the first two quarters of 2020 is +72%, and it has every chance of exceeding not only the results of 2015, but also those of 2019. Although it is still too early to determine whether 2020 will be a different year than the previous two for Krypton currency, so far Dash is reversing the negative trend it has had after its peak annual performance in 2017, when Krypton currency achieved a yield of almost ten thousand percent.
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Google Cloud, Binance, Blockchain Ventures, and Gumi Cryptos have been announced as Enterprise Validators for the Theta network amid its mainnet 2.0 rollout. Esports and crypto conference streaming app Theta has confirmed its rumored partnership with Google, announcing Google Cloud as an Enterprise Validator and launch partner for Theta mainnet 2.0. The Enterprise Validator Program also includes leading cryptocurrency exchange Binance, Japanese partner firm Gumi Cryptos, and venture capital fund Blockchain Ventures. Enterprise Validators verify transactions across the Theta network. The announcement coincides with Theta’s mainnet 2.0 roll out, which is also scheduled for May 27. Google has also been announced as Theta’s preferred cloud provider, with Theta users able to deploy and run nodes directly from the Google Cloud Marketplace from May 27. Mitch Liu, Theta Labs co-founder and CEO, stated, “We’re thrilled to deepen our partnership with Google Cloud across a number of key strategic areas to accelerate Theta adoption across industries.”
The US bank JP Morgan published a recent study on Bitcoin (BTC) in which it states that digital assets are 25% below their intrinsic value. Many analysts try to measure the fair value of a Bitcoin. Because it is unburdened and governed solely by supply and demand, it is difficult to accurately price the true value of the digital asset. Some believe that the average cost of mining a Bitcoin can be considered a fair value for the digital asset, and many analyst companies try to assess what the cost of mining a Bitcoin is. Although the American bank JP Morgan cannot trade Bitcoin or offer specific cryptomoney services to its clients, the company usually analyzes the digital asset market in its reports. According to the bank’s latest study, which includes an analysis of the post-Bitcoin mining scenario, the asset is well below what can be considered its ‘intrinsic value’.
Based on four key figures, the German analysis company Blockfyre concludes that Ethereum (ETH) is “significantly undervalued. Mythos Capital founder Ryan Sean Adams shared an analysis of Gas usage, according to which the ETH price is at least 50 percent too low.
As the halving hype has now passed for Bitcoin (BTC), altcoins are beginning to regain traction. In that regard, many altcoins have been showing significant movements in the past two weeks. One of the biggest gainers is Theta Token (THETA), which gained 1,000% since the crash on Black Thursday, March 12. The second token of the Theta platform is called Theta Fuel (TFUEL) has also surged more than 1,150% in a matter of one week.
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The Schlesi Testnet was forked last Sunday, paving the way for Ethereum 2.0. Vitalik Buterin raves about the early days of Ethereum and describes that the current situation is similar to the early days of Ethereum 1.0. Ethereum 2.0 is in the starting blocks and the ETH ecosystem is making great progress in the last days and weeks. Even though there was a damper recently that ETH 2.0 will not start at the end of July as expected, Vitalik Buterin recently assured that it will at least start this year and thus finally change from the Proof of Work consensus to Proof of Stake. Another important event on the way to Ethereum 2.0 was announced by Parity developer Afri Schoedon.
In the last 24 hours the price of Deviant has increased dramatically in one of the exchanges where “FEX” is trading a DEV/BTC trade of $4.5 million in volume and a price at the time of publication of $11.58. For now, DEV cannot be deposited on this exchange but can be traded. At Graviex the price started to rise shyly towards $0.01. Although in Coinmarketcap and Coingecko it is marked at a price of $44.79 and $32 respectively. Deviant’s community didn’t make any official statement about it so far, we’ll keep you informed.
While the number of BTCs held by the exchanges has decreased by 11.5% since March, Ethereum (ETH) balances have increased steadily since March 2018, from 5.8 million to 18.6 million in two years.Nearly 17% of Ether’s total supply is currently on the exchanges, valued at over $4 billion.
A core developer of Ethereum has confirmed that the release of Ethereum 2.0 is not scheduled for July this year.Vitalik Buterin has also clarified in a statement that he has not confirmed a release date for Ethereum 2.0.Buterin himself clarified that there was a misunderstanding. According to him, he did not hear the word “July” in the question and therefore admitted that he made a mistake. Despite this, Buterin maintains his position that Ethereum 2.0 “is on track”.
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Vitalik Buterin said during CoinDesk’s Consensus: Distributed conference the transition of the Ethereum ecosystem to ETH 2.0 is scheduled for July 30, TheBlock has reported. The Schlesi network currently has two clients: Lighthouse from Sigma Prime and Prysm from Prysmatic Labs. The Teku and Nimbus clients have also synchronized with Schlesi and will soon launch their own validators on the testnet. According to the roadmap, with the arrival of Ethereum 2.0 the following aspects will be redefined: gas calculations, principles of customer synchronization and changes in fees. The change to proof-of-stake will increase the bandwidth of the network.
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Miners have sold less Bitcoin (BTC) over the past seven days as the highly anticipated block reward halving approaches. This means that miners expect the price of Bitcoin to increase substantially over time after the halving occurs. The Bitcoin halving, which is set to occur on Tuesday, occurs approximately every four years. When triggered, it decreases the amount of Bitcoin that miners are rewarded with for their troubles. Since new Bitcoin is introduced to the market by miners selling it, the halving drops the rate in which new Bitcoin is introduced. Given the deflationary nature of Bitcoin, any event that affects its supply will have a significant impact on the price of the asset. In the medium to long term, data shows that miners are confident the halving will push the price up substantially.
Biconomy has launched a beta version of free transactions on the Ethereum blockchain. Synthetix, the second largest DeFi protocol, has introduced a new scaling solution in cooperation with Optimism, which should make the network significantly faster and more secure.
Ethereum creator Vitalik Buterin has revealed that the issuance of ETH after the transition to Ethereum 2.0 is expected to be between 100,000 and 2 million ETH’s per year.Buterin also explained the monetary policy behind EIP-1559. The proposal foresees that a small amount of ETH will be burned with each transaction.
From now on, TRON has a dedicated section in the Samsung Galaxy Store, with applications built with the help of the blockchain. According to a press release shared with iHodl, US and European users using Samsung smartphones now have the ability to experience the next generation of blockchain-based applications directly from their devices. The new section includes applications such as Blockchain Cuties, Super Player, Meerkat Mining, Timeloop and others. TRON founder Justin Sun says the company has enjoyed working with Samsung on integrating TRON’s blockchain technology
The price of Hive (HIVE), a hard-fork of Steem (STEEM), has skyrocketed following its listing on Huobi.The listing comes one month after Huobi and Binance mobilized customer funds to vote against the Steem community in favor of an apparent hostile takeover of the network, led by Tron founder and recent owner of Steemit, Justin Sun.However, the exchanges claimed that Sun had misrepresented the nature of the event that they were voting on, and quickly withdrew the votes. Shortly after, Huobi announced it would be distributing HIVE tokens to STEEM holders after the hard fork.With Huobi now comprising 83% of HIVE’s total trading volume, the exchange has flooded what was previously a small market traded on Bittrex and a handful of tiny exchanges with liquidity — driving gains of more than 600% in over three days alongside an increase in volume of more than 20 times. HIVE is now the 31st-largest crypto asset with a market cap of $285 million, and is trading for $0.80 as of this writing.
TRON CEO, Justin Sun, has announced staking feature on the DLive streaming platform for the BitTorrent Token (BTT).The feature will reward users who stake their BTTs with 25% of the daily donations and subscriptions made on DLive.
According to Adam Cochran, Ethereum 2.0 will attract large investments from institutions and retail investors due to the attractiveness of the staking rewards.The high demand for Ethereum will trigger a supply shock that will drive up the ETH price.
Binance recently issued ONT-33D, a token backed 1:1 with ONT coins and hosted on the exchange’s blockchain. https://cointelegraph.com/news/binance-issues-ont-backed-token-for-dex-trading
Since early March Deviant is moving in a range that in recent days is consolidating between 0.006-0.012 $. It may be an ideal time to build up this asset.
“It was in our mutual interest, to further develop and promote the crypto ecosystem,”“The rapid growth in the crypto and blockchain space is evident and the users demand more functions and creative solutions to advance the security, usability, and all-in-one stop.”
BTCONE made the very difficult decision to dissolve the project. We’re grateful for the opportunity afforded by our supporters to build products and infrastructure for the cryptocurrency community.B ONE PAYMENT which has been a part of Bitcoin ONE and Bitcoin Turbo Koin all the way is doing swaps for btk and btcone.BTK & BTCONE Servers will stop working from May 1TH. And BTK and BTCONE will be delisted on exchanges and explorers taken down. Read more… https://medium.com/@bitcointurbokoin/btk-btcone-is-closing-doors-dbdfcf50969d