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Nebulas Jumps 15% With Binance Listing

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Binance has tested Nebulas (NAS) and exchange listing has been announced for the 44th ranked cryptocurrency by market cap. The Chinese project which is dubbed the ‘Google of Crypto’ aims to provide an ecosystem that can evolve and survive amongst strong competition.

Nebulas tweeted: “Binance will open trading for NAS at 2018/06/28 08:00 AM (UTC). Binance, Huobi.pro, OKEx, and Gate.io have opened trading for NAS. Binance will not accept any NAS tokens that are ERC20 based.”

NAS will be added to Binance June 28 at 8 am (UTC). It will be paired with Binance coin (BNB), Bitcoin (BTC) and Ethereum (ETH). The minimum withdrawal is 0.2 NAS and the withdrawal fee will be 0.1 NAS ($0.50). Binance will be accepting mainnet tokens but not ERC20 NAS.

NAS Rises Against Ether

Following the news, the price of NAS rose by 15% to $5.12 and has undergone a slight correction to $4.99. Its market cap is now $227 million. As the market fell, it was one of the few coins in the green and this was shown by even higher returns against Bitcoin and especially Ethereum which is down 3.48% over the past 24 hours.

Within the last few weeks, more than 3,000 decentralized apps (Dapps) have been launched on the Nebulas blockchain. This is a huge achievement for the first third-generation blockchain with a live mainnet.

Nebulas have been running a weekly Incentive Program for Dapps and have been rewarding the best Dapps on the network. Using their ranking algorithm, they evaluated the best Dapps and will provide rewards to the Weekly Champion, Second Prize, Third Prize, and 20 other awards.

In a blog post, they said: “The seventh week of the Nebulas Incentive Program (NIP) ended on Saturday at midnight (Beijing Time) on June 23th, block height 491,996. We received 252 decentralized app (DApp) submissions during this period, of which 88 passed review to win NAS rewards (34.9% passing rate).”

CryptoMonsters Runs on Nebulas

Current nominees include a runaway game called Nebulas Runner, where players get points by being fugitives and a treasure hunting game called TreasureX. They also have their own version of CryptoKitties, focused on monsters, called The Monsters (CryptoMonsters). They say ‘each monster is one-of-a-kind and 100% owned by you. It cannot be replicated, taken away or destroyed.’

The Dapps are selected by a 23-person judging panel selected weekly. It includes 3 Nebulas representatives and 20 super contributors who vote by sending 1 NAS. Super contributors who vote will receive the NAS back, their reward and a share of 10,000 NAS.

Nebulas are also running a live event series with a Nebulas developer. Nebulas Lead Core Developer, Roy Shang will cover technology, core concepts, ideology and will present a live tutorial on smart contracts and Dapps. The first event was on June 26 and it will continue weekly to July 23.

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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.

Image courtesy of Martin Gommel via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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