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

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OST
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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, coinmarketcap.com

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 OST.com 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

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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