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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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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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