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Here Is Why Ost (OST) Did over 200% in Gains In Under 3 Hours - Global Coin Report
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Here Is Why Ost (OST) Did over 200% in Gains In Under 3 Hours




Early Tuesday morning found Ost (OST) trading at approximately $0.044. About 3 hours later, the digital asset was valued at $0.133 and doing an enormous 202% in gains during that time period. The digital asset is now trading at $0.05 on the back of the overall Bitcoin crypto selloff. OST’s price chart during the remarkable price pump can be seen below:

OST Price performance. Source,

So what was the cause of the 202% jump?

Further inquiry as to why OST jumped by 202% in such a short period reveals that the digital asset was listed on the South Korean Exchange of Upbit today, August 7th, 2018. The announcement released by the team at OST read as follows:

“We are pleased to announce that as of Tuesday 7 August 2018, OST is now available for purchase on Upbit, one of South Korea’s largest exchanges. OST is already available on Binance, OKEX and Huobi.”

The team at OST also revealed that the project’s founders will be attending next month’s UpBit Developer Conference that is scheduled for the 12th of September up until the 14th of the same month. The announcement explained that:

“Coinciding with the listing of OST on Upbit, OST founders Jason Goldberg (CEO) and Benjamin Bollen (Chief Blockchain Strategist) will be speaking at next month’s Upbit Developer Conference on the island of Jeju, South Korea.”

The additional news might have been a factor in the digital asset experiencing such exciting activity in the cryptocurrency markets.

So what exactly is OST?

OST is a public blockchain platform for businesses where you can launch your own Branded Tokens without the need to mint and maintain your own publicly-tradeable EIP20 tokens. The OST protocol supports the token economies in mainstream consumer applications.  It is a project of OpenST Ltd and Limited and operates as a non-profit. The blockchain has millions of users and the OST project has the ambition to bring blockchain technology to the mainstream by providing developers and companies with the software solutions to stay up to date with the new technology.

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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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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise




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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Crypto Market is Not Free from the Bearish Trend Yet




Investors and traders are still speculating over the bullish trend that shook the market this past seven days. However, amidst the joy of the price hike in the industry, some people are still cautious. A crypto trader with the twitter handle of BTC_Macro is advising other players in his tweet to be careful. According to him, the bearish cryptocurrency market is not over yet.

In the tweet, the user admonished players in the market not to listen to the people saying that the bears have given up. It went further to say that Bitcoin may still plunge uncontrollably anytime even if it breaks the $6K mark. When this occurs the twitter user continues, any scenario may occur. The advice is that players in the crypto market should be on the neutral side. According to the user, it is not safe to be on the bullish side or the bearish side. Instead, players should be on their toes without bias.

How Trader reacts to price movements

Over time, it has become evident that many traders usually go against the market majority during bearish or bullish trends. Well, there is usually some logic backing up the reactions.

It is true that we have seen the longest bearish trend in the history of cryptocurrencies. Everybody who has a stake in the crypto market is expecting the day of the bull’s rise…

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The Interoperability Problem of Blockchain May Soon Be Over




Crypto traders have certainly had a rough time since early 2018. The markets have tanked resulting in large losses for nearly everyone involved in the market. While that’s bad, what’s even worse is the fact that many projects have failed to deliver on their roadmap. Blockchain technology has been hailed as the next great advance in technology. And while many companies are making strides toward fully implementing blockchain-based technology, there is still a long way to go. As promising as blockchain technology is, there are still limitations that need to be addressed.

Limitations of Blockchain Networks

Although blockchain technology is certainly the future, the existing technology will need to be improved before it can go mainstream.  A few of the current limitations include:

  • Limited Scalability – Blockchain networks have consensus mechanisms that require each node to verify a transaction. This verification requirement slows down the network and limits the total number of transactions that can be processed.
  • Limited Usage – Each blockchain network was created with specific usage in mind. Because of the limited number of use-cases, each network eventually suffers from a never-ending loop of limited adoption. In the end, this causes low awareness.
  • Lack of Interoperability – At present, individual blockchain ecosystems are unable to communicate with each other. If a blockchain network attempts to retrieve information from an external (outside the “chain”) source, each node would have to…
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