|Day's Range||6.995 - 7.119|
|52 Week Range||1.55 - 10.91|
|Volume (24hr) All Currencies||1.17B|
Weiss Ratings has downgraded its rating of cryptocurrency EOS due to “serious problems” with centralisation. The US-based financial research firm previously ranked EOS alongside Bitcoin and XRP in a report on emerging trends in the crypto space. But in a tweet dated 7th June, it said that an event hosted last week by EOS developer, Block.one, failed to alleviate (the problems), “so we’ve severely downgraded its technology score”. EOS DOWNGRADE: #EOS has serious problems with centralization, and their event last week did anything to alleviate that, so we’ve severely downgraded its technology score. It’s now up to #ADA to launch a truly decentralized #PoS #blockchain. No pressure.#crypto #Cardano #BTC — Weiss Ratings (@WeissRatings) June 7, 2019 It added that fellow cryptocurrency ADA is The post Weiss downgrades EOS, citing centralisation concerns appeared first on Coin Rivet.
Block.one’s new social media application is as eye-catching as it is expensive, costing the company $150 million to build, CEO Brendon Blumer told The Block.The post Block.one pours $150 million into its new social media platform appeared first on The Block.
World of Warcraft is one of the biggest games of all time. It was first released in 2004, and by 2009 it had almost 10 million players. It is rumoured to have generated over $9 billion in revenue since its release. On top of this, a major Hollywood film was released based on the game. South Park also did an episode about it, and Leroy Jenkins was immortalised in meme culture thanks to the game. But what you might not know is World of Warcraft has also generated interest in cryptocurrency as well. Surprisingly, the relationship between World of Warcraft and cryptocurrency goes back further than you might think. World of Warcraft gold Within the game, players are able to The post How World of Warcraft created curiosity in cryptocurrency appeared first on Coin Rivet.
The next project we'll be taking a dive into for Knowing the developers, EOS, is the fifth-largest cryptocurrency by market cap.The post Knowing the developers: an analysis of EOSIO appeared first on The Block.
Galaxy Digital has sold its shares in EOS developer Block.One for a staggering $71.2 million in what CEO Mike Novogratz described as an attempt to “rebalance our portfolio”. After the firm experienced losses of $272 million in 2018, Galaxy Digital accepted an EOS tender offer back in April, staking $32 million. Just over a month later, the crypto merchant bank has realised a 123% return on its initial investment following bullish price action. Want to set the record straight. Galaxy is still a shareholder in @block_one_ , We are a large holder of $EOS tokens, and we strongly believe in the leadership of @BrendanBlumer and @bytemaster7 Very excited for their June announcement. Took profit to rebalance our portfolio. — Michael The post Galaxy Digital ditches EOS as part of portfolio rebalance appeared first on Coin Rivet.
Staking startup InfStones has received $2 million in funding, CoinDesk writes. Investors like Danhua VC and Plug and Play Ventures participated in the seed round.The post InfStones raises $2 million seed round of funding appeared first on The Block.
Reddit user u/soundsoviel recently shared an emotional story about his two-and-a-half year journey to become a crypto millionaire, only to lose it all and become “poor” again. In a Reddit post, Sondsoviel said he was writing while “sitting in a bar in the slums of East Africa, enjoying my $0.60 beer in the shadows”. Sondsoviel told the community that whilst working for a bank in Europe, “a colleague told me about Ethereum” near the end of 2016. He then decided to “invest blindly what I had left from my savings” into the upcoming decentralised project. The first 12 months of the investment went very well as the price of the Ethereum token went from around $10 to nearly $500 by The post One man’s journey from crypto millionaire to ‘poor’ again appeared first on Coin Rivet.
Coinbase announced in a blog post on Friday that its Coinbase Pro product will begin accepting deposits for EOS, Augur, and Maker on Tuesday, April 18.The post Coinbase Pro to list EOS, Augur, and Maker appeared first on The Block.
Latest EOS price commentary The price of EOS has been trading sideways over the last 24 hours and is currently sitting at $5.27. This follows a massive upwards spike earlier in the week that lifted prices by more than 200%. Following this rally, the price of EOS and other prominent cryptocurrencies are now moving in a positive direction, with a few minor corrections. EOS volume has increased considerably over the past few days by around 100% and is now currently sitting just above $3 billion. If this trend continues, we may be officially over the longest bear market in the history of cryptocurrency. Current live EOS pricing information and interactive charts are available on our site 24 hours a day. The post Latest EOS price and analysis (EOS to USD) appeared first on Coin Rivet.
There's no question that exchange hacks continue to plague the nascent digital currency market, and over the weekend the amount of funds pilfered from such venues surpassed a total of $1.3 billion, according to The Block’s research.The post With Bithumb hack, total stolen from crypto exchanges tops $1.3 billion — here are the 10 biggest hacks ever appeared first on The Block.
Law firm Stewart McKelvey had a conflict in representing both QuadrigaCX and its CEO's widow, a new document says.
Cosmos Hub launched just last month, and its popularity is growing. The solution offering blockchain interoperability has been available for less than a week, and four in five of the validator slots have been picked up, Diar writes.The post Proof-of-Stake projects see a rise in interest as Cosmos Hub launches appeared first on The Block.
Decentralised liquidity network Bancor has announced a new non-custodial wallet for users to instantly convert between Ethereum and EOS-based tokens without the need for order books or counterparties. Bancor’s new wallet will focus on user experience for trading cross-chain tokens. In the press release, the team said that the “user experience of the Bancor Wallet resembles that of Coinbase and other popular custodial wallets”. Bancor's new Unified Wallet is officially LIVE. For the first time ever, users can perform one-click conversions between @Ethereum & $EOS tokens without giving up possession of their #crypto. https://t.co/7nBGDN9IRE pic.twitter.com/L7YdYMGQaC — Bancor (@Bancor) March 11, 2019 Bancor users originally had to go through a multi-step process when converting between Ethereum and EOS tokens. The new The post Bancor’s new wallet enables ‘one-click’ conversions between Ethereum and EOS tokens appeared first on Coin Rivet.
Ripple's Xpring today announced it is partnering with blockchain gaming platform startup Forte by providing $100 million for investment in blockchain gaming developers.The post Ripple provides $100 million in funding for blockchain gaming developers appeared first on The Block.
QuadrigaCX's "hot" wallets for bitcoin and ether have been nearly emptied, with the funds now held by court-appointed monitor EY.
Researchers have identified a group of bitcoin addresses that likely belonged to the cold wallets of failed exchange QuadrigaCX.
CoinDesk profiles Elizabeth Stark, a woman entrepreneur leading a new phase for bitcoin, the world's largest and most valuable cryptocurrency.
U.S.-based cryptocurrency exchange Coinbase opened its over-the-counter (OTC) crypto trading desk this month, Cheddar reports.
The bitcoin roller coaster continues -- with the digital currency hovering around $5,000. Yahoo Finance's Seana Smith & Jared Blikre discuss on "The Ticker."