Friday Crypto News Round Up
Today is Friday and I hope all of you had a wonderful week.
Let's break down the most important crypto news for the week!
Here is what you need to know! Quick and concise!
Zappl
Decentralized Mirco-blogging social media app Zappl is now 100% funded.
Expect more announcements next week about development.
Poloniex Exodus
Due to a variety of problems for Poloniex users over the last few weeks, thousands are jumping ship and joining competitor Bittrex.
Expect this trend to continue.
Big Moves in the Markets
Last night and into this morning we saw some big moves in the crypto markets. Ethereum and Ether based tokens are doing extremely well. Litecoin continues to perform well and Ripple may finally be leveling off.
Decentralized Cryptocurrency Exchange Protocol 0x Goes Live
Perhaps one reason for the positive price movement of Ether and Ether based tokens, is the launch of Ox.
"0x OTC is designed to let counterparties exchange tokens built using the ERC20 token standard without the assistance of a centralized exchange. Users can generate and cryptographically sign and share orders using a variety of off-chain communication channels and execute the trades directly on the blockchain."
"At launch, users will be able to trade ERC20 ether tokens, MakerDao tokens, Melon tokens, 0x protocol tokens, Augur tokens, Digix DAO tokens and Golem Network tokens." Coindesk
Thousands of PCs infected with Trojan to mine Monero
While studying machines vulnerable to the EternalBlue attack researchers were surprised to discover another piece of malware known as Adylkuzz. Adylkuzz infects a computer and quickly enrolls the machine into a botnet.
In this case the botnet was harnessing the computational power of thousands of infected computers to mine the cryptocurrency Monero. The amount mined by each individual machine is small but when done on a massive scale it could generate large sums of untraceable cryptocurrency.
Cryptocurrency Market Cap Tops $60 Billion to Hit All Time High
Market cap "reached $63.6bn at one point during the day's trading, according to online data service CoinMarketCap, which represented a weekly, monthly and quarterly increase of roughly 18%, 115% and 220%, respectively." Coindesk
I hope you all have a great weekend!
If any other stories caught your eye, leave them in the comments below!
If you want to stay up to date on crypto and Fin Tech news follow my blog @digicrypt.
DASH: XgQ9NBonMoCPKhF37agY4W8zk7gwQFnwGV
Litecoin: LfqygtBxy3AJgEpTnTMUYGEoTYEcED8YPZ
help please
https://steemit.com/bitcoin/@bitcoinforblonds/vol-4-new-to-crypto-s-and-trying-to-set-up-my-bittrex-account-can-you-help-please
Nice, well rounded, all inclusive crypto news. I can get caught up with what's happening in crypto in a quick snapshot, which says a lot when you think of all that's going on!
Thanks, I am going to try to do these more often. Today I was a bit rushed, hopefully in the future I can format it a little better. I think sometimes ppl over complicate news. I just want my info quick, concise and unbiased. That is what I aim to do here. Yes! there is so much going on right now, it is amazing!
Interesting that they would have the PC mine Monero LOL. I haven't looked at Monero all that seriously yet, but what are your thoughts?
It isn't surprising that they would choose Monero, Monero was designed with privacy and anonymity in mind. Monero claims their transactions are untraceable. I personally do not own any Monero.
That's Interesting - I'll look into it in the future. According to coinmarketcap.com it has a $461,931,294 market cap, so it could be worth checking out.
Yeah, it definitely has some interesting features.
Interresting, but as I mentioned in my Ripple(XRP) analysis, I feel that regulation is essential to rapid mass-market acceptance, which is turn is high profits.
I'm as anti-government & anti-regulation as the next guy, but I'm even more so pro-profit!
Yeah, in reality you need a balance. Some regulation and normalization is good while maintaining the integrity and purpose of the technology.
Skimmed you XRP analysis, will read it when I have more time. Interesting.
IMO you need more than gov acceptance to be successful, the market is increasingly competitive and many cryptos are being integrated into mainstream finance, there are already BTC IRAs and now an Investment trust for Ethereum Classic.
I like to think about regulation as forced market acceptance. Where some coins might be a great idea and could potentially change the world, mass acceptance is what wins the profits at the end of the day.
Historical ref: Nikola Tesla vs. Big Oil for energy development.
Nikola Tesla wanted a way to give electricity to people without going through power companies. He was shutdown before the tech got out.
Cryptocurrency gives people money without going through a bank. The genie is already out of the bottle.
I am not really disagreeing with you, I totally agree mass adoption and acceptance can get you some profits although you could have made a lot of money already without it.
Good market summary. Can you guys believe we just passed 70 billion $ marketcap!!
Thanks. This has been a very exciting month in crypto!
Solid post. Thanks for bringing this to my attention. The popularity of the cryptos is currently determined by the biggest group of uneducated investors in man kind. It's an interesting world we live in. Does anyone know about: https://www.coincheckup.com The site that lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto.
Thank you! I am glad you enjoyed the post!
Coincheckup can be a good resource, but helps to do your own digging into the coins as well.