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Stellar Holdings (HOLD) Cryptocurrency Hits $0.000215: Up 53.30 Percent on Major Exchanges in the Last 24 Hours: Cap at $200,259

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Stellar Holdings (HOLD) traded up 53.30 percent with USD in the last 24h time period ending 18:15 on September 1st EST. Stellar Holdings at present has a cap of $200,259 and its 24 hour trading volume is approximately $3,367. Within the seven day period of time, Stellar Holdings is 3.48 percent against the USD along with a movement of -0.22 percent inside the last hr.

Now let’s take look at how the other cryptos have performed since yesterday:

  • WABnetwork (WAB) is currently trading at $0.00 against the USD, a -10.13 percent change in the last 24 hours. The Bitcoin cost of WAB is currently at 0.00000020 BTC.
    InsaneCoin (INSN) is currently trading at $0.02 against the USD, a 20.87 percent change in the last 24 hours. The Bitcoin cost of INSN is currently at 0.00000262 BTC.
    Blakecoin (BLC) is currently trading at $0.01 against the USD, a -4.38 percent change in the last 24 hours. The Bitcoin cost of BLC is currently at 0.00000125 BTC.
    SkinCoin (SKIN) is currently trading at $0.01 against the USD, a -0.21 percent change in the last 24 hours. The Bitcoin cost of SKIN is currently at 0.00000128 BTC.
    EquiTrader (EQT) is currently trading at $0.08 against the USD, a 2.29 percent change in the last 24 hours. The Bitcoin cost of EQT is currently at 0.00001176 BTC.
    Titcoin (TIT) is currently trading at $0.00 against the USD, a -14.02 percent changein the last 24 hours. The Bitcoin cost of TIT is currently at 0.00000020 BTC.
    COMSA [XEM] (CMS) is currently trading at $0.14 against the USD, a 0.14 percent change in the last 24 hours. The Bitcoin cost of CMS is
    currently at 0.00001943 BTC.
    Budbo (BUBO) is currently trading at $0.02 against the USD, a -7.34 percent change in the last 24 hours. The Bitcoin cost of BUBO is currently at 0.00000230 BTC.

Stellar Holdings Info

Stellar Holdings has a total supply of 929,380,819 coins. It started on 1st January, 0001.

Cited from cryptocompare.com: “HOLD is a peer-to-peer lending platform that provides instant cash advances against cryptocurrency collateral. Hold allows members to leverage their crypto-assets as collateral to obtain fiat whenever they need it, saving them from selling the cryptos they hold dear. Cash Advances are instant and can be used globally through the HOLD prepaid card and mobile app.The HOLD token is an ERC20 token based on Ethereum whose primary purpose is to allow a membership system, provide a cashback program and pay additional incentives to lenders through a status level program.”

Listed below are a few useful links if you happen to would prefer to get more information about Stellar Holdings:

  • Website: https://hold.co/r/5ZL91
  • Twitter: HOLD

HOLD: Info for Traders

You can purchase HOLD at trading exchanges including IDEX,

It’s not always feasible to buy cryptocurrency like Stellar Holdings right away using US dollars. Traders wanting to acquire HOLD may possibly need to first of all get Bitcoin or Ethereum from an market place that has USD trading pairs for instance Coinbase or perhaps GDAX. Buyers may then use this BTC or ETH to purchase Stellar Holdings using one of the exchanges we detailed previously.

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Greyscale Could Get The First Foot In The Door With A Bitcoin ETF

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  • Bitcoin exchange-traded funds (ETF) can be a long drawn out process and has seen the hopes of many of crypto commentators crushed over the past two years.
  • Multiple of these traded funds have already been shut down and rejected but even though they have attempted to be re-applied.

Bitcoin exchange-traded funds (ETF) can be a long drawn out process and has seen the hopes of many of crypto commentators crushed over the past two years.

Multiple of these traded funds have already been shut down and rejected but even though they have attempted to be re-applied, the securities and exchange commission in the United States keeps on turning them down. The Bitwise Asset Management’s revised submission is the latest ETF to reach such a denial.

Despite this, Ryan Selkis of Messari believes that a recent announcement with the securities commission and Greyscale could play a big role in seeing a Bitcoin ETF getting approved later this year.

Greyscale investments had a submitted registration statement on Form 10 with the securities commission a few months ago in November last year. Earlier this week though, the submission statement was actually given the green light and greyscales bitcoin trust became the first digital asset investment spearhead to become a reporting company for the US’s security commission.

The bitcoin trust is a crypto index fund

with the securities and exchange commission giving the organisation the chance to reach a wider audience and especially those of established investors.

Selkis has indicated that the SEC is in compliance with the Form 10 approval which will, in the future, be able to see a bitcoin ETF given the thumbs up. He went on to say:

“I’m at the point where I do believe we’ll finally see the much awaited bitcoin ETF within the next 12-18 months.“

For those that don’t know, Greyscales bitcoin trust is one of the biggest crypto asset managers in the world with two and a half billion dollars assets under management and the trust has got the longest existence in the market. 

This current approval as a reporting company is essentially the securities commission noticing the legitimacy in Greyscales trust. 

Selkis adds:

“All that’s left really is for the SEC to finally recognize that this quasi-public vehicle is already available, liquid, and widely coveted by retail investors, while at the same time, the Commission’s own foot-dragging on an “official” ETF approval is quantifiably hurting those same investors by perpetuating the premium that exists on the publicly floated shares.”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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Bitcoin’s soft fork: Final proposal for integrating Schnorr, Taproot published

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Pieter Wuille, a Bitcoin Core contributor, announced on January 24, 2020, that the Schnorr/Taproot proposal was published as BIPs 340, 341, and 342. The proposal is said to have significant implicati

ons on scaling, fungibility, privacy and script innovation

Wuille, further commented on the proposal and added that barring significant issues found in the review, the authors did not intend to make any more semantical changes.

He stated,

“That means that these documents are our final proposal for integrating Schnorr and Taproot into Bitcoin. Whether it gets accepted by the ecosystem, and how, is up to you.”

Commenting on the same, Jake Chervinsky, general counsel at Compound and an adjunct professor at Georgetown University Law Center, tweeted that Schnorr/Taproot was not only a significant upgrade for Bitcoin but was also an important data point for the ongoing study of Bitcoin’s governance model.

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Bitcoin’s economies of scale make it harder to get involved in mining

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Source: Unsplash

  • Bitcoin’s constant deterrent towards true decentralization can be attributed to the centralization of mining, with several people expressing concerns over mining sector concentrating in China in particular. A move taken to make mining more decentralized was made by Blockstream – a bitcoin and blockchain technology firm.

Unveiling Blockstream mining and pool in August 2019, the blockchain firm revealed that they had started Bitcoin mining operations back in 2017. The official blog post stated the reason being:

“[…] parties involved in ASIC manufacture, hosting, and pool operations were becoming a centralizing force and holding back Bitcoin from reaching its full potential. Since then we have scaled up […] expanded our service to provide hosting to clients that include the Fidelity Center for Applied Technology and LinkedIn co-founder Reid Hoffma.”

Speaking on the topic in an interview with Brave New Coin, Samson Mow – Blockstream CSO – stated that the thesis behind this initiative was that “everybody should be mining,” particularly companies in the Bitcoin space.

“It

doesn’t really make sense to not be involved at some level because you have to secure the network, somebody has to secure the network. So either you’re outsourcing that completely or you’re taking part in the security of the network which is what mining is.”

Mow went on to state that the reason why the company stepped into the mining game was the “threats of attacks,” with mining pools and miners calling for a Bitcoin fork. He stated that this threat could be mitigated with Bitcoin companies and users controlling a certain amount of hash rate, adding that their mining initiative contributes to this.

“it’s always going to be hard for people to get involved in mining just because there are economies of scale, for setting up a large operation, being able to negotiate power deals, and just getting that infrastructure piece but the long-term goal is that we would be able to sell hosting to end-users with a few machines […] we would host that for them […]”

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