In this video review, Bitcoin Magazine covers the Ledger Nano X, the latest cryptocurrency hardware wallet offered by the company Ledger.nThe post Video Review Ledger Nano X appeared first on Bitcoin Magazine.n
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New York Judge Dismisses Case Against Nano Developers
n A U.S. District Judge has dismissed a case against Nano token developers, the plaintiff of which claimed the company had run afoul of U.S. securities lawsn
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Nano Was August’s Top-Performing Big Crypto Despite Yearly Low
Nano shone bright on the back of strong volumes in August, despite a yearly low experienced mid-month.
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Cryptocurrency Market Update: Nano Lifted by New Listing
FOMO Moments
Markets are still flat on Friday; Monero, Nano, Dogecoin and Waltonchain rising.
Yesterday’s market correction did not accelerate which is good news this Friday in crypto land. Markets have remained stable but are still below 0 billion, many cryptos have not moved over the past 24 hours but a couple of altcoins are lifting off again today.
Bitcoin has remained below ,000, but only just. It is currently trading at yesterday’s level of ,980 though the short term uptrend is still intact. Ethereum keeps falling back, but only by one percent on the day to 0 which is still a very low level for the world’s second largest cryptocurrency.
There are only two altcoins in the top ten in the green at the moment. Iota has continued its upward march with a 5.3% gain on the day to .722 and EOS is not far behind with a 4% gain to trade at .16. The rest are just in the red with losses between half and two percent.
The top twenty is predominantly green with Monero making the biggest move by 7% up to 8. Dash, Neo and VeChain are all posting between 3 and 4 percent gains on the day and the rest are up or down by a very little.
Nano is having a great end to the week with a 20% pump to .15. Over the past seven days Nano has made almost 50% gains from .13 this time last Friday. A minor listing on Coinbene and the launch of its new Instagram page seems to be driving momentum;
Adoption and growth are happening daily, we would like to thank @Coinbene for being the latest exchange to integrate $Nano! Deposits and trading go live this weekend! https://t.co/DBPzaO7pBl
— Nano (@nano) August 30, 2018
Trade volume has jumped 74% to million, most of which is on Binance which has over 97% of all Nano trade. Dogecoin is having an equally good day, up 19% following on from yesterday’s gains and Icon has made 8.6% back to trade at .903. Topping the top one hundred for gains is Waltonchain pumping 27% at the moment as it gets listed on Bithumb.
Waltonchain(WTC) and IoT Chain(ITC) will be listed on Bithumb Today!
Visit Bithumb website and trade newly listed crytocurrencies.■ Date : August 31, 2018(Fri) at night (UTC+9)
— Bithumb (@BithumbOfficial) August 31, 2018
Getting beat up still is Noah Coin, MOAC and Dentacoin in today’s mixed bag of crypto trading.
Total crypto market capitalization is pretty much at the same level it was this time yesterday, 6 billion. Overnight it dropped to a daily low of 0 billion but has since recovered all losses. Trade volume has remained stable at billion per day at BTC dominance is at 53.3%.
More on Nano can be found here: http://nano.org/en
FOMO Moments is a section that takes a daily look at the top 30 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: Nano Lifted by New Listing appeared first on NewsBTC.
Cryptocurrency Market Update: Nano and Icon Surging on Sunday
FOMO Moments
Markets are still flat this Sunday; Nano and Icon making moves.
There has still been very little movement in crypto markets as the weekend progresses. Total market capitalization hasn’t moved since Friday and is currently around the 5 billion level.
Bitcoin has remained sedentary this weekend with no movement since yesterday; it is still trading at a touch over ,700. Ethereum could not climb higher than 0 and has fallen back 1.6% to 5 showing more bearish sentiments.
Altcoins are mostly in the red however a couple of them are really moving at the moment. Nothing of note has happened to the top ten which are all lulling around yesterday’s levels. The top twenty is a similar picture with Tron making the largest gain of around 5.8% to .022.
Further down the list however we have two big movers at the moment. Nano is on fire with a 34% surge to .54, trade volume has jumped from to almost million over the past 24 hours. Nano has made a remarkable recovery of 115% over the past seven days surging up from .61 this time last Sunday. One possible catalyst for the surge could be the CEO of London FX analytics firm New Change FX, and former Vice President of Foreign Exchange at Citibank, Andy Woolmer, having joined the team as their first official advisor though this was announced a few days ago.
Please join us in welcoming Andy Woolmer to the Nano Foundation!
Mr. Woolmer is the current CEO of New Change FX and brings a vast knowledge of financial markets. $nanohttps://t.co/RbmhZ3SIOi— Nano (@nano) August 21, 2018
The other altcoin on a roll at the moment it Icon with has jumped 20% on the day to .863. Over the week ICX has clawed back 30% of its losses as the ‘Korean Ethereum’ announces a rebranding.
I added a video to a @YouTube playlist https://t.co/2uqVCUhc2r Key Announcements : Rebranding
— ICON (@helloiconworld) August 25, 2018
These two altcoins are way ahead of all of the others in the top one hundred however Substratum is also having a good weekend with a 15% climb as is Wanchain. Getting the red end of things at the moment is Dentacoin, Theta Token and Pivx all losing 7-8% at the time of writing.
Total market capitalization has remained at 5 billion over the past 24 hours however trade volume has dropped to under billion indicating very low levels right now. Since this time last weekend markets have regained their Wednesday losses to remain at the same level.
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
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Nano Community Rushes To The Aid Of Venezuelan User Amidst 40,000% Inflation
Venezuela’s economy has been breaking down for months, if not years, with its currency inflating unsustainably. This has lead users to seek ways other than the Venezuelan Bolivar to transfer value, with cryptocurrencies, like Nano, quickly becoming an alternative currency.
Users Donate 0 In Nano To Life-Changing Results
On Sunday, a Venezuelan Reddit user with the username ‘Windows7733’ made a post chronicling a cryptocurrency donation, albeit small, that he received.
The Reddit user wrote:
I got it (0.5 Nano) from someone who helped me in my current situation, currently living in Venezuela. 0.5 nano is almost one entire monthly salary in my country. It’s more than I made last month. I’ve been doing a quick research into this cryptocurrency and it fits very well for my entire country, I’m going to read more about this and hopefully I’ll tell about nano to friends who would want to use it.
For those who are unaware, Nano is a cryptocurrency that touts instant and zero-fee transactions, making an ideal candidate for an alternative currency. At first, this post was met with a smidge of skepticism. But as the post quickly skyrocketed, the user posted a Venezuelan passport to bring clarity to the situation.
‘Windows7733’ was prompted to post his Nano address after receiving overwhelming support and admiration from users of the /r/nanocurrency subreddit. Once posted, the user’s Nano wallet quickly racked up over 230 Nano from over 50 users, with the donations valued at approximately 0 U.S. at the time of writing.
Although 0 may not seem like life-changing money for some U.S. citizens, in Venezuela, 0 goes further than you can imagine. The user addressed this as he updated the original post, seemingly shocked at the level of support that was received.
He wrote:
Thank you so much guys for your help. I never expected this to go like this. It really moves my heart for your genorosity. Not only I will buy food for me and my relatives but also I will help others with that money, especially some neighbours needing antibiotics they can’t afford.
After the post, the user went silent for a couple of days, leaving some to wonder where Windows7733 went. However, four days after the first post, the Venezuelan user issued a follow-up post, clarifying where he disappeared to.
The user noted, “first of all, I apologize for not being around here lately. I’ve been busy working and preparing everything to start sending food to neighbors and other communities as I told before.”
Windows7733 went on to explain what he spent the Nano on, writing that he purchased 102 kilograms of food using 29 Nano () to ‘pay it forward’, offering food and financial support to relatives, friends, and neighbors.
He then went on to reiterate his undying thanks to the community who changed his life for the better, as he wrote:
Thank you so much. I can’t express in words how I’m feeling today. It’s amazing what this Reddit community is doing for my family, my neighbors, and all these people in need. NANO could change their lives and I will help them to know and use NANO. This is already improving and changing their lives for the better!
Venezuela’s Suffering Economy: Are Cryptos A Fix?
Cryptocurrency adoption in Venezuela has skyrocketed amidst a suffering economy, with Business Insider reporting that annual inflation has hit 40,000%. This staggering level of inflation has all but devalued the Bolivar, making it nothing but a cumbersome paperweight.
Some have begun to compare this currency crisis with Zimbabwae’s, which saw a similar move away from the local currencies to assets like the U.S. dollar, Euros and gold.
In February, when Mike Novogratz addressed the hyperinflation in Venezuela, saying:
The idea of trusting a centralized authority is breaking down…. And it is not just the United States, look at places like Venezuela where the currency became ‘toilet paper.’
Many have begun to suffer under the declining economy, with a university report finding that over 90% of all civilians were living in poverty. The citizens of the Central American country, like Windows7733, have begun to turn to cryptocurrencies as an alternative mode of value transfer, throwing aside the worthless, yet government-issued Bolivar.
Many cryptocurrency proponents believe that cryptocurrencies will begin to replace fiat currencies, with Venezuela’s economic situation showing how indispensable cryptocurrencies can become.
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Official: Nano Wallet Experiences Multiple Security Scares
Nano, the cryptocurrency focused on instant and feeless transactions, has had a recurring problem with unexpected technical errors. The recent release of the official Nano wallet was no exception, as developers found a bug that threatened the security of user’s funds.
Nano Team: “IMMEDIATELY MOVE YOUR FUNDS TO ANOTHER WALLET”
June 21st came with the release of the long-awaited Nano wallet, with prices rising by over 10% within 24 hours. The Nano wallet quickly skyrocketed to the front pages of app stores, with the app achieving the ‘trending’ status on the Google Play store. The Android wallet quickly garnered over 10,000 downloads, with users expecting similar numbers on other platforms.
However, just five hours after the official announcement, developers found a security flaw in the code of the Android version of the wallet. The Nano team took to Twitter, issuing a vital message to let users know about the issue.
*ATTENTION* ANYONE WHO GENERATED A SEED USING THE ANDROID WALLET, IMMEDIATELY MOVE YOUR FUNDS TO ANOTHER WALLET DERIVED FROM A DIFFERENT SEED. *ATTENTION*
— Nano (@nano) June 21, 2018
The Nano team made it clear that the bug only affected the Android wallet, advising users to move funds stored on their Android device to a secure wallet. The original version of the wallet had issues generating unique and truly random seeds, with the Nano team calling the specific problem “Wallet Seed Migration.”
Troy Retzer, chief of communications at Nano, reassured users in a Reddit post, affirming:
“Please still move funds off the android wallet. (An) Update is coming that will force users to change seeds using correct cryptography.”
By the next morning, the team had fixed the problem, issuing an update to the Google Play store. Despite the quick patch efforts, developers found another bug in the updated version, issuing a tweet yesterday morning.
The tweet stated:
“Work On Android is temporarily disabled while we fix a bug.”
Users attributed the word “work” to the proof-of-work (POW) system which Nano uses to compute blocks. For those who are unaware, Nano transactions are ‘mined’ by the wallet user, as small amounts of computing power become allocated to the wallet. This means that this “temporary” pause on the wallet’s work system forcefully shutdown any outgoing transactions made on Android devices.
Although details are scarce on how the team is addressing the issue, it can be assumed that they are doing everything in their power to reverse these issues.
2018: Has It Been A Rough Year For Nano?
Nano hasn’t had the best time over the past few months, with the 5 million BitGrail hack becoming a major headline all across the crypto industry. At the time BitGrail was one of the only exchanges supporting Nano, despite the cryptocurrency temporarily achieving the elusive ‘top 20’ on CoinMarketCap.
Due to the fact that there was essential only one Nano exchange, a single hacker, or hacker team, managed to steal large amounts of the cryptocurrency from a single source. As the cryptocurrency market quickly developed, users quickly pushed the hack to the back of their minds.
However, Nano users have still experienced issues with exchanges, acknowledging that there were severe withdrawal issues on Binance. Over the course of the past 3 months, users reported that Binance’s Nano withdrawals were often non-responsive. Some community members chalked up these issues to updates in Nano’s code. Binance has since reopened Nano withdrawals, with many Nano traders it stays this way.
Although the first 6 months have not been all too promising for the cryptocurrency project, many hope for the success of this fee-less, near instant, and easy-to-use cryptocurrency.
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Asian Cryptocurrency Trading Update: Nano Lifted on Binance Giveaway
FOMO Moments
As we end the week crypto markets are still looking bullish and most coins are on the way up. Total market capitalization is now over 0 billion and Bitcoin has made more gains overnight. Currently trading at ,600 BTC is up 3.8% on the day and is approaching key resistance near the k level. Altcoins are a mixed bunch during Asian trading, some are performing well while others have retracted a little from weekly highs. The coin out in front at the moment is Nano.
According to Coinmarketcap Nano is trading 21% higher on the day. It is the only altcoin in the top 25 with double digit gains at the moment. Currently trading at .2 Nano has made gains from .45 where it was this time yesterday. Over the week this altcoin has made gains of 40% from .28 this time last Friday. Nano has been a solid performer over the past month almost doubling in price from .2 this time last month. Against Bitcoin Nano has made a 16% gain on the day to 105500 satoshis from 91000 sats this time yesterday. Weekly gains on BTC have been an impressive 33% from 79000 satoshis this time last week.
The rebranded RaiBlocks has had a rough ride with the BitGrail saga but seems to have shaken off any doubts and has recovered well. A Binance giveaway of 15,000 tokens has boosted Nano over the past 24 hours and prizes for Nano traders on the exchange have been an incentive to load up;
#NANO Competition – 15,000 $NANO To Giveawayhttps://t.co/FfWxqn0RX8 pic.twitter.com/3w22IGQm0R
— Binance (@binance) May 3, 2018
Unsurprisingly Binance leads the way with Nano trade taking almost 95% of the total volume. That trade volume has jumped from around million to over 5 million in 24 hours and continues to climb at the time of writing. Nano has found its way back into the top 25 and currently sits at 23rd with a .35 billion market cap.
Total crypto market capitalization has climbed again today by 2.7% to 2 billion. Trade volume has also climbed from billion this time yesterday to billion at the moment. Other altcoins with strong gains during the morning’s Asian trading session include Ethereum, Iota, and Bytecoin.
More on Nano can be found here: https://nano.org/en
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.
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Asian Cryptocurrency Trading Roundup: Top Altcoin is Nano
FOMO Moments
As we enter another week in crypto land markets have retracted slightly and negative momentum has caused a correction once again during Asian trading. Total market capitalization has remained well above 0 billion but has fallen a little on the day. Bitcoin has fallen slightly over the past 24 hours dropping 1.65% back to just over ,300 which is still in positive territory. Altcoins are mostly in the red this morning as traders take profits which is a natural part of the market cycle. As usual one is standing out from the rest with solid gains over the past day and that coin at the moment is Nano.
According to Coinmarketcap Nano has gained 10% over the past 24 hours and continues to climb in Asia this morning. Trading at .45 Nano has risen steadily from .64 this time yesterday when most other altcoins have fallen during the period. Over the week Nano is up 18.6% from .20 this time last week and on the month gains are even greater with a 70% jump from around the same time last Monday. Against Bitcoin Nano is trading 12% higher on the day at 91000 satoshis from 80400 sats this time yesterday, over the week gains on BTC have been around 11% from 82000 satoshis this time last week.
Nano is the rebranded version of RaiBlocks however it has been in decline since the rebrand in early February. The BitGrail incident did not help the Foundation but they did offer support for those who lost out in the hack. The recovery started in mid-April and Nano has been steadily climbing ever since almost doubling in price since then. Last week Nano deposits were reopened on Binance but there have been no other significant announcements since then to drive current momentum for the peer to peer micropayments cryptocurrency.
Trading this morning has been predominantly on Binance which has over 90% of the total volume in Nano. That volume has jumped significantly in the past 24 hours by 165% from million to million. Consequently Nano has edged back into the top 25 at 24th spot with a market cap of .1 billion.
Total crypto market capacity has fallen over the past 24 hours by 2% to 0 billion where it currently stands. Over the week the uptrend continues though as all cryptos have gained a combined 9.5% since this time last Monday. Other altcoins showing strong gains this morning include Neo which is up an equally impressive 9% on the day. Tron, Qtum, and VeChain are also in the green when most others are correcting lower.
More on Nano can be found here: https://nano.org/en
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.
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Nano Foundation Offers Support in Lawsuit over BitGrail XRB Hack
A US law firm has issued a class action lawsuit on behalf of Nano investors. The blockchain project formerly known as RaiBlocks has been in hot water over practices it employed in pushing XRB to a wider audience during a re-branding earlier this year.
Reckless Decision to Use BitGrail
The Silver Miller suit alleges that key members of the Nano core team violated federal securities laws according to the press release. The case revolves around the accusation that the team recklessly directed investors to open accounts with a small and relatively obscure Italian exchange called BitGrail. This was carried out during the RaiBlocks rebranding efforts at the end of January.
Over 70 million XRB tokens were pilfered from the exchange in February, equivalent to around 0 million at the time. Additionally there were rumors of the exchange suspending withdrawals before the hack in order to manipulate the price of XRB as it handled over 70% of the total trade in the altcoin. Vulnerabilities in the exchange’s security systems were blamed for the incursion. On February 8 BitGrail closed its digital doors and an investigation ensued.
The complaint alleges that the Nano team engaged in an unregulated offering and sale of securities which violated the federal securities act of 1933. The lawsuit will ask the court to rescind the plaintiff’s investments in XRB which will require Nano to fork the blockchain into a new cryptocurrency that will compensate the investors for their losses.
Nano Foundation Sponsored Legal Fund
The Nano Foundation has updated developments a Medium post yesterday stating that it would sponsor a legal fund to provide all victims with equal access to legal representation. The proceedings started back in February when the Nano team contacted Espen Enger, a representative of the 600 or so BitGrail victims. Italian law firm Bonelli Erede also worked in collaboration with Enger and the team stated;
“We have been very encouraged by the progress that has been made to date by both Mr. Enger and Bonelli Erede. As a result, we are announcing today that Nano will be matching the contributions of the victims to the legal fund established by Mr. Enger — including both past and future donations, for up to million — with a goal of establishing a total legal fund valued at million.”
The post continued to state that the victims have raised their own funds to the tune of 0,000 including over 53,000 Nano tokens of their own. This will be doubled by the contributions of the Nano Foundation and going forward they will match donations until they reach the goal of million. The fund will be spent solely on pursuing legal matters in resolving the case and maximizing recovery of stolen assets.
At the time of writing Nano was trading at .80, 71380 satoshis, down 6.25% over the past 24 hours. The cryptocurrency is at its lowest level since late December.
Image from Shutterstock
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