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Half of all EOS tokens held by just ten addresses

eosdesk

There has always been the underlying concern that Bitcoin whales can and do manipulate the markets by dumping large quantities of them at any given time. We have seen the results of this time and time again, the prime example being the Mt Gox selloffs. The question of whether other altcoins can suffer the same fate should be raised, especially as so few addresses hold so many coins for many of them.

According to research from six independent snapshots of EOS ownership it was revealed that only ten addresses hold almost 50% of the total supply. Almost 500 million EOS tokens equating to 49.67% of the total 1 billion supplied are held in 10 addresses. The company behind the EOS ICO, Block.one, holds 100 million tokens, or 10% of the total. In addition to the $4 billion they already raised this awards them a further $1.5 billion.

The other nine addresses are difficult to distinguish but the smallest one holds 20.6 million and the other eight addresses hold 380 million EOS tokens. This makes the top ten EOS holders very powerful indeed, they can do pretty much what they want with the market should they agree on it as a single entity.

It has been speculated though that exchanges could be responsible for these addresses and the top traders for EOS currently are Bithumb, Huobi, OKEx, Upbit and Bitfinex in that order. Total trade volume over the top five is $832 million at the moment. Total trade volume for EOS over the past 24 hours has been just under $1.5 billion giving these five exchanges over half the volume. Binance and Block.one addresses are likely to make up another two of the top ten EOS rich list.

The figures posted went on to state how powerful the top thousand addresses were. Combined, the top 1000 addresses holds 858,120,383 tokens, or almost 86% of the total. It was speculated that the rest of the EOS holders had very little influence over the ecosystem;

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What Can We Expect for Bitcoin in 2018?

bitcoin-may-soar-as-high-as-64000-in-2019-predicts-fundstrat

Since the beginning of May, the cryptocurrency market is in a downtrend. Moreover, Since December 2017 that the market cannot recover. During the last months Bitcoin has been traded between the $6,000 $10,000 range, and now important price movement was able to change that.

But what will happen during the rest of 2018? Some experts have been predicting very bullish Bitcoin behaviours, but some others believe that the cryptocurrency market will not skyrocket.

Lower Crypto Market Capitalization

During the last year we had an important bull run that moved Bitcoin prices up. The market capitalization and the price of virtual currencies couldn’t stop growing. Which was the roof? Nobody knew about it.

According to Sean Williams, the market was primarily controlled by retail investors. Institutional traders were just a few, and these individual investors did not have possibilities to profit betting against digital currencies. The only option for them was to buy and sell at a higher price.

Since the CME and the CBOE started to offer Bitcoin futures, the situation changed. During the last months, an important number of institutional investors is now in the market. These two platforms allow companies to easily place their bets in two different directions, up or down.

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EOS Causing the Speedy Drop in ETH/USD Price: Token Dump

Ethereum-gold-760x400

Ethereum token price against the US Dollar takes another major hit. Reportedly, approx. six o’clock the pair ETH/USD was tanked heavily downwards on the unregulated exchange Bitfinex.

 

During the hour of the great deep-dive, somewhat 180k ETH exchanged hands as it went up from only 20k. That’s compared to somewhat usual trading volumes of around 20,000 eth on OKex and Gdax, suggesting clearly someone sold a lot of eth on Bitfinex.

With the bears continuing to push downward, another tanking-whale pops out and with that the market goes to violent selling-mode. There may well be insider information, but in that case you would have expected a more general sell-off across exchanges. In the development, the trader/traders bordered themselves within Bitfinex.

From that it has reported by TrustNodes, that one individual or team limited to Bitfinex only, made the great sell. And the blame goes to EOS.

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Raiblocks Price Constant Surge – Tops $10 in Under a Week

raiblocks
There is no stop for the ‘crypto 3.0’ hype. Raiblocks popularity grows among traders and investors as its technology looks promising and exchanges continue adding the coin to their platform.

Upon the massive gold-rush that IOTA experienced as a parallel cryptocurrency with Raiblocks in the medium of digital coins that are known for being – fast, feeless and minerless.

Source: coinmarketcap [weekly price development]

Since our last Raiblocks [XRB price and technology related post, two days ago – when it was trading above $6.00, the XRB price has increased 73.3 percent topping the major $10.00 for the first time with a market cap over $1.3 billion taking Raiblocks 6 positions higher by market cap.

The per/moment drops are to appreciated throughout the very bullish trend because of this over-extension in price and its a time of sell-out so many are profiting from the increase while the FOMO [fear of missing out] factor is stepping up and many more investors and traders are looking to catch the train. In case of a pull-back, supports around $8.50 will most likely balance the bulls and bears so feel at ease if you entered the market before that.

Upon a voting poll Raiblocks was chosen as the winner to be added on The Kucoin Exchange [Chinese exchange – very similar to Binance].

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DASH and Litecoin Analysis December 28, 2017

DASH/USD

DASH continues to look very quiet during holiday trading, as the $1200 level has offered a bit of resistance. We are rolling over in the stochastic oscillator, so this suggests that we will eventually start looking towards lower levels, perhaps finding support closer to the $1000 level. I would be much more comfortable buying at that level than trying to go long here.

 

LTC/USD

Litecoin looks similar, and struggling as there is almost no volume. I think there is significant support near the $250 level though, so any type of bounce in that area should be thought of as potential value that you can take advantage of. If we break down below the $225 level, the market will probably test the $200 level, and then break down to the $150 level. I currently believe that the market is going to go looking towards the $325.

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Ripple Price Technical Analysis – XRP/USD Gaining Momentum

Key Highlights

Ripple price is gaining momentum and is currently above the $1.00 handle against the US Dollar. There is a major bullish trend line forming with support at $1.05 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might correct a few points from the current levels, but it remains supported above $1.05.

Ripple price is moving in the bullish zone against the US Dollar and Bitcoin. XRP/USD might continue to move higher towards the $1.25 level.

Ripple Price Support

There was a fresh upside wave initiated from the $0.8000 swing low in Ripple price against the US Dollar. The price traded higher and broke a few important resistances near $0.9000 and $1.00. The upside move was strong and the price was able to move above the $1.10 level as well. During the upside move, the price broke a bearish trend line on the hourly chart at $1.02. It opened the doors for more gains and the price traded as high as $1.17.

Later, it faced sellers and started a downside correction towards $1.1000. It is currently trading near the 23.6% Fib retracement level of the last wave from the $0.8600 low to $1.1718 high. There are many supports on the downside at $1.05. There is also a major bullish trend line forming with support at $1.05 on the hourly chart of the XRP/USD pair. The trend line support is important at $1.05. It is also near the 38.2% Fib retracement level of the last wave from the $0.8600 low to $1.1718 high.

There is a chance of a minor downside correction towards $1.05. However, the price remains supported on the downside and it may soon move higher towards $1.25.

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Kin’s Planned Move From Ethereum Not So Stellar

Kin's decision to move away from the Ethereum blockchain has riled up some investors.

Original linkOriginal author: Jeremy Nation
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ChronoBank Smart Contracts

ChronoBank Smart Contracts ecosystem is built around two things simple for understanding: platforms and assets. Platforms act as a base for all token operations like issuing, balance storage, transfer. Assets add interface layout and define some custom internal logic to allow implementing different behavior, for example, adding a fee to token transactions.

Since assets define just internal behavior, there are so-called ChronoBank asset proxies which provide an ERC20 standard interface (described in ERC20Interface.sol) and acts as a transaction proxy. It allows to add/change token logic by updating asset implementation and to recover a wallet access in case of key loss.

While looking into details it could be spotted that our Smart Contracts ecosystem is more than just platforms and assets. These core entities represent important but small part of all functionality.

Ecosystem

The next foundational block in the ecosystem is a top-level contracts module (a handful of managers) that provides all needed interfaces to organize flexible and powerful tools.

PDF version for detailed preview

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ChronoBank — roadmap update

ChronoBank — roadmap update

With ChronoMint launched and LaborX in internal testing, we’re well on track to meet our roadmap’s key milestones.

Since our last roadmap update, back in July, we’ve been hard at work building the next stages of the ChronoBank ecosystem. The key developments since then have been the launch of ChronoMint, which offers diverse functionality for our own platform and the wider Ethereum and crypto world, and the progress we’ve made on the LaborX exchange.

With LaborX now in internal testing, we’re confident that we’ll soon be able to launch a secure, user-friendly decentralised exchange.

The idea behind LaborX is to have a fast, secure labour hire market, built on the blockchain. Whilst its primary function is to pair businesses with providers of work, it will ultimately become a fully-fledged decentralised exchange, so that ChronoBank stakeholders (workers, businesses, tokenholders) will always have somewhere to trade their tokens.

You can read more about LaborX in our recent blog post, but suffice to say we’re very excited about the potential for this element of the project, as well as the upgrades coming to the Ethereum network that will make the exchange stronger.

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