Bitcoin sees unprecedented levels of buying with CoinMarketCap showing a price surge of more than 00 over the past 24 hours. Today has been one for the record books as Coinmarketcap reports Bitcoin prices topping ,000 and a market cap of over 0 billion. This newest milestone comes amid a flurry of significant all-time highs over the past 24 hoursas Bitcoin climbed from ,000 at this time yesterday to its current price of ,053 atnRead MorenThe post Bitcoin Shatters ,000 Mark Less
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$12,795: Bitcoin’s Price Just Gained Over $1,000 in 24 Hours
The price of bitcoin passed the ,000 mark for the first time ever last night, and has now gained over ,000 in less than 24 hours.
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TOKIA: ICO soft cap reached in incredible 7 hours 14 minutes
TOKIA is an entirely new generation of cryptocurrency exchange platform. To understand what makes it so revolutionary, we need to […]
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VIABET Reaches ICO Soft Cap in Less Than 24 Hours, Reveals Plans for Token Burn Strategy
The VIABET ICO team is glad to announce that it has reached its soft cap of 300 ETH and will continue to raise funds. 364 ETH were collected during the Pre-ICO stage, which has closed its doors to new investors November 21st.
During the Pre-ICO stage, a limited portion of tokens were available for purchase with a 40% discount. The main ICO is scheduled for December 11th (6:00 PM UTC) giving its supporters one last chance to get in on the profit that VIABET’s future growth will generate.
During the first week of the public ICO, 1 ETH will give investors 1200 XVIA tokens (a 20% bonus). The offer expires in 7 days from the start of the sale.
VIABET is a technological launching pad that allows players to not only actively take part in online gambling through blockchain-based cloud betting, but to also actually become the house and host their own casino games. From roulette to poker to dice games, players can set up their own virtual casino and enjoy house odds as other players bet against them.
No other online gambling platform offers anything remotely similar to what VIABET is bringing to the table.
VIABET is Burning More Than 40 Million of Its Tokens
VIABET have revealed their long-term strategy to raise the value of XVIA tokens. To reduce the overall XVIA token supply from 70 million (70,000,000) to 7 million (7,000,000), meaning a 90% decrease.
Historically when a company burns (destroys) or locks a number of tokens it causes the price to increase. This is due to the law of supply and demand. Since there are less tokens available for trade the tokens that are available for trade become more valuable. XVIA tokens are needed to use the VIABET platform. XVIA is a cryptocurrency based on the Ethereum technology that allows to create a fair, autonomous cloud-based betting environment for all users.
VIABET will be having two (if necessary) token burn events, each at major milestones which will allow to raise the value of XVIA at key points:
BURN 1: The first burn will happen on December 10th (6:00 PM UTC) (70 million to 7 million), this will give a buildup as they move into their Public ICO stage.
BURN 2: The second burn will happen in the event that not all 4.4 million tokens are sold and distributed during the Public ICO. It will take place after listing on its first official trading exchange, EtherDelta (Planned for as early as December 18th if all 4.4 million tokens are distributed during that time, otherwise the listing date is scheduled for January 7th, 2018)
With each burn VIABET aims to achieve a high level of stability and steady overall price increase.
Public ICO to Begin December 11th
The VIABET ICO is set to begin December 11th, 2017 (6:00 PM UTC). However, only 4.4 million XVIA Tokens will be sold during the Public ICO. As the ICO is capped at only 3700 ETH, it is predicted to sell out and close its doors to new investors long before its January 7th deadline is hit. In addition, VIABET has early bird discounts in place to incentivize investor participation, a 20% bonus for early investors is up for grabs.
The project has already met its minimum (soft cap), which was 0,000. Thus, even if it does not hit 100% of its goal, it is still moving forward with its development roadmap and marketing initiatives.
VIABET is primed to become the 800-pound gorilla of the online gambling industry by taking advantage and fully utilizing blockchain technologies in a new and unique way as well as integrating itself with the vast 95% fiat market share of online gambling that cryptocurrency gambling has not yet tapped into.
Learn more about VIABET at – https://viabet.io
Access VIABET whitepaper at – https://viabet.io/viabetio_whitepaper_v1.pdf
Find VIABET on Facebook at – https://www.facebook.com/viabetio
Follow VIABET on Twitter – https://twitter.com/viabetio
Join The Official VIABET Telegram channel – https://t.me/VIABET
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CRYPTO20 Exceeds $35m Raised With 24 Hours To Go
CRYPTO20’s goal is to bring peace-of-mind cryptocurrency investment to mainstream investors. It is an index fund that holds and autonomously rebalances a data science optimized portfolio of the top 20 cryptocurrencies. The fund has recently surpassed the m milestone in its ongoing tokensale. Monday (27/11/2017) saw the CRYPTO20 fund perform its second successful divestment/rebalancing procedure. … Continue reading CRYPTO20 Exceeds m Raised With 24 Hours To Go
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CRYPTO20 Exceeds $35m Raised With 24 Hours To Go
CRYPTO20’s goal is to bring peace-of-mind cryptocurrency investment to mainstream investors. It is an index fund that holds and autonomously rebalances a data science optimized portfolio of the top 20 cryptocurrencies. The fund has recently surpassed the m milestone in its ongoing tokensale.
Monday (27/11/2017) saw the CRYPTO20 fund perform its second successful divestment/rebalancing procedure. A period of exceptional growth has led to the total fund value exceeding m with a NAV (net asset value) of over .15 per token. The token price is currently just .1.
The initial three (BTC/LTC/ETH) contribution cryptocurrencies were divested into the top 20 on the 21st of November. The weekly rebalance enforces the 10% component cap and mitigates risk and volatility by ensuring no single asset (and thus source of risk) dominates the fund. This functionality was released several weeks ahead of road-map targets.
Underlying Distribution — (Fund Value (USD) over time)
Actively managed funds have consistently failed to beat the market index despite decades worth of data, billions of dollars and hundreds of analysts at their disposal. When they have, their fees dilute investor returns to less than if they had simply held the index.
The CRYPTO20 tokensale is currently live and concludes on the 30th of November at 00:00 GMT.
A Finished Product Offering Value Now
The fund’s token, C20, is a representation of an investor’s share of the fund, and the fund’s value is equal to the combined value of its assets. CRYPTO20, unlike many of the other offerings in the marketplace today, is a finished product and not a platform.
The CRYPTO20 fund can be tracked in real-time. The live fund portfolio, number of tokens sold, total fund value and the token NAV are available here.
Token-holders are able to liquidate the C20 token for their share of the underlying assets via the smart contract. By going directly to the end-user as a cryptocurrency itself, CRYPTO20 gives investors the ability to sell or exchange their tokens at will. The fund is fully AML/KYC compliant and operates as a registered LLC in the Cayman Islands, a popular fund jurisdiction.
The CRYPTO20 fund mitigates risk and volatility and historically has provided better returns than the market cap leader, bitcoin, alone.
Discover more at https://crypto20.com.
Contact Email Address
team@crypto20.com
Supporting Link
https://www.crypto20.com
Live Support/Community Chat
https://discord.gg/cgZd4uc
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Newsflash: Bitcoin Price Sheds $500 Within Hours of Record High Near $10,000
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Bitcoin Cash Surpasses Bitcoin’s Absolute Hashpower Over the Past few Hours
There are many interesting developments in the world of Bitcoin right now. It is evident there are some major changes on the horizon. The Bitcoin network is slowing down, causing transaction delays and higher fees. Most miners have moved to Bitcoin Cash due to profitability reasons. If this “flip” would remain a permanent trend, things are looking pretty bad for the Bitcoin chain. All of this is just a snapshot of the current charts, though.
With the Bitcoin Cash price surging as of late, it is a lot more profitable to mine. More specifically, there is less of an incentive to mine Bitcoin itself. Despite a price of over ,000, most miners will simply follow the most profitable option. Right now, BCH is 69.4% more profitable. It also means over half of the total hashrate on both networks has switched from Bitcoin to the altcoin. If this trend continues, things will get very problematic in quick succession.
All Systems go for Bitcoin Cash
Without sufficient hashpower, the Bitcoin network will grind to a standstill. Transactions already take longer to confirm right now. Users pay outrageous fees, which often hit double-digits as of today. That in itself is a big problem that needs to be addressed. It is impossible to find a real solution, though. Instead, we see more and more people move over to Bitcoin Cash. It would certainly explain the massive price pump over the past week. This situation will get very tense over the next few days and weeks, to say the very least.
Over the past 3 hours, BCH had more hashpower than Bitcoin. This number has been in favor of Bitcoin over the past 12 hours, but the gap is closing pretty quickly. Seven days ago, Bitcoin had over 5 times the hashpower of Bitcoin Cash. The SegWit2x debacle – potentially orchestrated by Bitcoin Cash supporters – may prove to be the tipping point in this regard. The blockchain with the most hashpower should effectively be Bitcoin, as it always has been. Right now, that isn’t BTC as we know it. An interesting situation, but a problematic one as well.
Although this is just a snapshot, it does show things are changing behind the scenes as well. If more companies switch to BCH instead of Bitcoin, we may see a flippening of sorts. At the same time, if the BCH supporters and creators orchestrated the whole SegWit2x ordeal, it may very well backfire on them. There is always more to situations like these, that much is evident. Everything that has happened over the past week and a half is oddly convenient for Bitcoin Cash. Coincidence doesn’t exist, especially not in the world of cryptocurrency.
Header image courtesy of Shutterstock
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Bitcoin Cash Surpasses Bitcoin’s Absolute Hashpower Over the Past few Hours
There are many interesting developments in the world of Bitcoin right now. It is evident there are some major changes on the horizon. The Bitcoin network is slowing down, causing transaction delays and higher fees. Most miners have moved to Bitcoin Cash due to profitability reasons. If this “flip” would remain a permanent trend, things … Continue reading Bitcoin Cash Surpasses Bitcoin’s Absolute Hashpower Over the Past few Hours
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Most Bitcoin Cash Holders Spends Funds Within Six Hours of Receiving it
Now that Bitcoin Cash has been around for a while, the first statistics have come to light. An analysis by Chainalysis paints a pretty interesting picture for BCH. Most of the transaction volume comes from now coins. A lot of BCH is spent within six hours of being held. Not an ideal store of value … Continue reading Most Bitcoin Cash Holders Spends Funds Within Six Hours of Receiving it
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