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Encrypgen's Gene-Chain Will Soon Allow For DNA Token Trading - Global Coin Report
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Encrypgen’s Gene-Chain Will Soon Allow For DNA Token Trading

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Encrypgen
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After 2018 ended, the crypto community was hoping for a strong start to the new year.  Unfortunately, that hasn’t happened.  In addition to Bitcoin stagnating, many traders recently suffered another painful loss after Cryptopia was hacked on January 14th.  This latest theft highlights the importance of cold storage.  For those wanting to truly protect their assets, nothing beats a Ledger Nano or a Trezor device.  But, even more than that, it highlights the importance of trading on secure and safe platforms.

Off To The Races In 2019

Although many tokens hadn’t been doing much trading in the new year, one coin was.  That token is Encrypgen (DNA).  DNA started off the year with a price of $0.018, or approximately 500 sats.  Within a few weeks, the price had soared to $0.07, or approximately 2000 sats.  That represented an increase of roughly 300% in sat value.  The increase was due primarily to a flood of news announcements including strong partnership deals.  Additionally, large buyers were rapidly entering the market, including one mysterious buyer who purchased roughly 6 million DNA tokens.

DNA has been one of the hottest tokens to start the new year but that, unfortunately, came to a halt after Cryptopia’s temporary closure due to a multi-million-dollar hack.  Previously, DNA tokens had been listed on Okex and KuCoin.  However, when Encrypgen’s CEO refused to pay bribes, the tokens were delisted.

So, what’s next for Encrypgen?  Fortunately, the business is 100% focused on adding users to the Gene-Chain, both data buyers and sellers.  And, within the next few weeks, users can expect to trade DNA tokens directly on Encrypgen’s Gene-Chain.  Because of this, DNA token buyers won’t have to worry about dealing with unsecured exchanges such as Cryptopia.

ERC-20 Integration

Encrypgen’s main goal is to bring together genomic data sellers and buyers.  Essentially it wants to be the go-to marketplace for genomic data transactions.  While consumers who sell their data have the option to cash out their payments via Bitcoin (BTC), they will soon be able to cash out via other methods such as Ethereum (ETH).  Researchers will also be able to buy the uploaded data with DNA tokens.  This was the original vision that was laid out by Encrypgen’s Founder and CEO, David Koepsell.

Once the Gene-Chain is ERC-20 compatible, DNA token trading will be available on the platform.  Given how hot DNA tokens were this month, it’s not unreasonable to think that trading volume could explode on the Gene-Chain.  It’s natural that traders may want to get their hands on these tokens that are very likely to increase in value during the upcoming months and years.  Still, it’s important to remember that DNA is a utility token.  It was created for buying genomic data on the Gene-Chain.

Other Trading Options

For users who may want to get started trading DNA tokens before the functionality is made available on the Gene-Chain, there are other options.  These options include:

  • IDEX – A Decentralized exchange for trading Ethereum (ERC-20 tokens).
  • EasyTrade – Trading widget that provides the best available orders from its pool of decentralized exchanges.
  • Bleutrade – New option for DNA trading but very little volume at the moment.

Although Cryptopia let a lot of people down, Encrypgen’s business isn’t affected in the least.  The company continues with business as usual.  Encrypgen is one of the most promising companies in the crypto world and I’m looking forward to seeing all the future developments.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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