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Last Week’s Top 3 Most Significant Crypto Events

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The crypto space never sleeps, and there is always something going on. Every day, there is some interesting event worth mentioning, some of which may even have significant consequences on the entire crypto space. With that in mind, here are the top three crypto events related to the crypto space that occurred in the previous week, and which may have impacted the world of digital currencies in one way or another.

1) A crypto Whale moves a large portion of XRP

Many have probably already heard the term “Crypto Whale,” as it is quite common to find discussions mentioning them and their activities. The term is a name used for coin holders which tend to buy, sell, or move massive amounts of digital currencies. These are usually professional investors with large funding who can impact the crypto market in any way they please, and make the prices rise or fall depending on their calculated business decisions.

They are called Whales because of the large amounts they move, which usually have a pretty big impact on the market. And, since they are so influential, there are many in the crypto space that have made it their mission to follow the activities of known Whales, and base their business decisions regarding the Whales’ movement.

One example is the Twitter account known as Whale Alert, which has around 50,000 followers. This account regularly posts updates regarding the biggest movements of Whales, whether it is a coin sale, purchase, or just movement from one wallet to another. The account also tends to indicate how big of a Whale in question is, by posting red light emojis in the report. The more red lights the report has — the bigger the Whale in question.

Well, earlier this week, Whale Alert reported several XRP movements made by a Whale that deserves 10 red lights. Whale Alert also reported that the Whale moved several hundred million dollars in XRP. The first movement was from Ripple OTC Distribution wallet to an unknown wallet, and it contained 392,834,643 XRP ($114,187,437).

The second one included 463,420,929 XRP ($136,324,998), which were moved from Ripple to Bitstamp.

2) Weiss Ratings had a change of heart regarding TRON (TRX)

Weiss Ratings is a well-known group that was established to provide crypto investors with investment advice. The group also regularly publishes various reports, in which they take a closer look at some coins and rank them in accordance with numerous aspects. These may include anything, from the project’s technology and goals, to their performance, and how good of an investment the project may be.

With that in mind, it is worth remembering one rule that every trader and investor need to keep in mind — investment advice, even if coming from a professional, is still just advice. The crypto world is far too volatile and unpredictable for anything to be set in stone, which is why investors and traders should seek out other peoples’ opinion but also form their own before making the final decision.

The event that happened earlier this week is proof that even professionals make mistakes, and end up changing their mind. The event in question is Weiss Ratings, who gave TRON quite a tough time in the past, now praised it by stating that it is a promising project.

It appears that several of TRON’s actions managed to change the group’s mind about the project, including the hiring of a former US SEC official, which silenced any claims that the project is a scam which simply copied Ethereum’s code under a different name.

3) Cardano (ADA) might take the spotlight in 2019

It is no secret that 2018 has been a terrible year for cryptos. Their prices were shot down from their all-time high, and many have dropped by as much as 80%, or even more, depending on the project. However, there are indications that 2019 will be much more favorable for everyone involved with the crypto space, with some projects taking the spotlight away from the old hits.

One such project is Cardano (ADA), which shows all signs that it is ready to make a serious impact on the crypto space. The coin has always been surrounded by a lot of positive news and developments, while it managed to avoid any scandals or controversies. Furthermore, it also announced some big improvements, such as the upcoming Shelley release, which is scheduled to come to pass within Q1 of this year.

The Shelley release will be a big move towards decentralization for Cardano, and since decentralization is what the market and its participants currently desire the most, this will likely draw a lot of new users to the project. As mentioned earlier, nothing is set in stone, and that includes predictions regarding different cryptos. However, the potential is there, and while investors are encouraged to make their own opinions and deductions, pointing out that Cardano is worth keeping an eye on in 2019 should be taken into account.

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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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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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