99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.
Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.
A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.
“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took over the project.״
“I think the community sometimes mistakes a shitcoin for a dead coin.” Ofir adds “We’ve put clear death indicators in place so it would be easy for us to decide whether a coin is actually dead or not. This way we still use the community’s input, but we make sure it goes through another filter to verify the submission’s accuracy”.
In the future, the project is planned to automatically add coins to the list through the use of APIs to index sites such as CoinGecko and CoinMarketCap. With the latest rise in the cryptocurrency market, it seems only logical that a lot of new submissions are coming its way once the hype dies down.
Cardano (ADA), one of the coins featured in our last week’s edition of Top 3 Coins to Watch, continued its bull run last week. For a brief moment, when the price of ADA neared the $1.00, Cardano even overtook Tether and claimed the spot of the world’s third largest cryptocurrency by market capitalization. However, there were quite a few other cryptocurrencies that managed to climb up a few spots on the leaderboard last week but stayed partly in the shadow of the changes happening at the top.
This week’s selection of top coins to watch consists of three cryptocurrencies that already performed well throughout Week 6 but we believe that this projects will be able to ride atop the wave of announcements and network upgrades towards even higher adoption and of course also higher valuation.
1. Binance Coin (BNB)
Binance Coin is the native token of the Binance Chain, launched and operated by the popular cryptocurrency exchange Binance. Binance users who utilize BNB to pay for trading, withdrawal and listing fees can enjoy significant discounts. While this used to be pretty much the only advantage of BNB, the Binance’s coin now has a far wider spectrum of utility.
BNB Reached a New ATH Price of $148 Following a Record token Burn
The BNB climbed over 100% last week and posted its new all-time high price of $148.26 on Feb 10, 2021. While the cryptocurrency market is in a bull phase for a few months already, the BNB price only took off recently. After a few weeks of sideways trading where $40 was established as a support level, BNB has seemingly gone parabolic in February and is now changing hands at around $130. While there is no single factor that this amazing growth could be attributed to, we believe that it is a consequence of a combination of several factors, including a record BNB token burn and an increasing utility of both BNB as well as the Binance Chain.
On January 19, the Binance cryptocurrency exchange announced it had burned 3.6 million BNB, worth around $160 million at the time. The 14th quarterly BNB token was thus the largest ever quarterly BNB burn by Binance and the first “accelerated token burn”, according to Binance CEO Changpeng “CZ” Zhao. When Binance conducted the ICO in 2017, it promised they would gradually destroy 100 million BNB tokens, or half of the token’s 200 million maximum supply cap. Following the largest BNB burn so far, “CZ” clarified that Binance is on a mission to ahieve 100 million BNB burned as fast as possible:
“Over the last three and a half years, we have burned about 13% of the promised amount, with a total USD equivalent value (nominal) of $426,304,000. Even though this is an impressive amount for a three-year-old startup, at that rate, it would take roughly 27 years to finish the burn. So, we thought it’s time we speed it up a bit. Exactly how much faster? We are not 100% sure. The current accelerated burn would put the trajectory to be around 5-8 years to finish the 100 million BNB.”
In addition, judging by the yet-again record trading volumes achieved in the first month and a half of this year, the next quarterly BNB burn would likely set the record of the largest one by far, at least in terms of dollar denominated value of the burned tokens.
Furthermore, Binance users can take place in the exchange’s IEOs only if they possess enough BNB tokens. Judging by the success of the Binance-backed project that had previously been introduced to the public through there Binance Launchpad, participating in a Binance IEO can be a very lucrative investment. The latest offering conducted on Binance, the SafePal IEO, boasts with a ROI of over 28x vs. USD in just two weeks.
Another possible explanation for the BNB rally could be the success of Binance Smart Chain (BSC), the Binance Chain’s smart contract-enabled sibling. Both chains run side by side, but the 2019 launched Binance Smart Chain features full compatibility with the Ethereum Virtual Machine (EVM). Due to lower fees and less congestion the BSC is recently attracting the attention of several DeFi projects. News have emerged that the yield aggregator Harvest Finance and multi-service platform Value DeFi, two currently Ethereum-native decentralized finance (DeFi) protocols announced planned expansions to Binance Smart Chain. Both projects combined have nearly a billion dollars in total value locked between them (TVL).
A large factor that helps drive the Binance chain adoption is the fact that transferring tokens to Binance Smart Chain is relatively easy. Even Binance CEO “CZ” recently tweeted a video made by the famous Crypto YouTuber Ivan on Tech, where he explains how Binance acts as the “natural bridge between Binance Chain and the Ethereum chain”:
Nevertheless, the ease of use is clearly not the main driving factor of the user and developer migration towards the Binance Chain – the low transaction fees are the one to “blame”. With soaring ETH fees developers and holders are looking for alternatives, and the Binance Chain appears to be the one that gets the job done fast, secure and with a low fee. For example, the screenshot below shows how much it would cost you to withdraw USDT tokens through various networks on Binance. The fee on Binance Chain is merely 1% of the fee incurred when withdrawing USDT in the form of an ERC20 token on Ethereum.
With more utility coming to BNB, more users and trading volume on Binance, and consequently a higher the demand for BNB, the token’s price is expected to further increase. The price growth will likely be additionally boosted by the accelerated burn program.
2. Hedera Hashgraph (HBAR)
Hedera Hashgraph aims to develop the world’s first mass-adopted public distributed ledger that will be able to support a vast array of applications. Using their Hashgraph technology, users will be able to easily develop globally decentralized applications using and deploy them on the blockchain.
According to Hedera official website the project will be deploying another upgrade to their project’s Testnet. The Testnet v0.12.0 launch procedure is scheduled to begin on Thursday February 18, 18:00 UTC. The upgrade and network restart will take approximately 2 hours to complete, the team noted. While the compatibility or data of the project that run on Hedera Testnet should not be affected, the network will be offline during this time. You can check the status of all Hedera networks, their scheduled maintenances and upgrade release notes here.
3. Cosmos (ATOM)
Cosmos is developing a network of blockchains that would facilitate the interoperability of multiple, otherwise incompatible, blockchain applications and cryptocurrencies. The scalable blockchain network built for developers had grown from a small ICO into a thriving ecosystem. At the time of writing, the network’s native cryptocurrency ATOM has a market capitalization of $2.35 billion, which is more than twice as much as it had merely 3 weeks ago.
Stargate Upgrade to Finally take Place on February 18
The Cosmos team have announced that the Cosmos Hub Stargate Upgrade will take place on February 18 at 06:00 UTC. The Stargate roll-out was initially planned for January 28, but got postponed due to issues with Ledger hardware wallet support, balance and metadata validations, and several bugs that were identified in the proposed code. Cosmos Governance halted the implementation of the upgrade described in Proposal 29 and approved by the vote on Proposal 35, by accepting a new Stargate upgrade schedule in the Proposal 36. You can find out more about Proposal 36 here.
13th February 2021, Las Vegas, Nevada: Prasaga and EXCAVO have announced a strategic partnership, bringing Prasaga’s DataGrid solution one step closer to full-scale adoption. Through its technology, the DataGrid Blockchain will facilitate access to monetary stability, community governance, and programmable assets. Aiming to enhance the blockchain industry’s benchmarks through superior performance and its own OS, Prasaga is now partnering up with EXCAVO.
“We have a shared mission to inform our community that you need to be in charge of your funds, and trade safely with your bank in your hands,” said Jay Moore, Co-Founder and Chief Collaboration Officer of Prasaga. “Eugene and the team at Excavo will empower our community to build independence through trading.”
“EXCAVO is always on the lookout for the projects that provide additional value for traders,” said Eugene Loza CEO of EXCAVO. “This partnership’s goal is to provide our traders with exposure to a next generation Layer 1 Blockchain Protocol, DataGrid Blockchain. We will publish a chart with good fundamental analysis soon.”
By leveraging EXCAVO’s advice and support, Prasaga will benefit greatly as it grows to become one of the world’s main blockchain ledgers. Advice is of utmost importance in the crypto world, as companies rush to develop the future’s technical infrastructure. This partnership is especially well-timed, since Prasaga is currently carrying out its DataGrid DeFi pools.
Exploring the DGT Presale & Liquidity Bootstrapping Pool
The presale for the DataGrid Blockchain token ends today February 13th, and the launch of the Balancer liquidity bootstrapping pool begins tomorrow, 14th of February. Prasaga has opted for an LBP-based token sale thanks to its many benefits. LBPs work by commencing token sales with a higher sale price, as to deter bots and whales looking to buy up the supply.
FOMO is therefore mitigated through the means of automatic pool weight adjustments, that proceed to reduce the token’s price as time passes. Investors looking to load up on DGT can simply wait until the time is right. Purchasing DGT via the Balancer LBP will be possible for 96 hours, a timeframe during which optimal price discovery occurs.
After the LBP procedure is finalized, DGT will be purchasable at market price on a number of supporting exchanges. DGBLabs has also just announced a 9.75% annual farming reward, destined for those who participate in the presale and DeFi pools.
The funds raised via the DeFi Pools will be utilised to build the DataGrid community ecosystem and promote the DataGrid infrastructure as an optimal solution for the deployment of blockchain projects.
About EXCAVO
EXCAVO is a company of independent financial analysts, traders, asset managers, economists, IT – developers. TOP-1 Trader by Tradingview.com The most popular crypto trader according to Bitcoin.com TOP-5 Advisor Blockchain projects by ICOholder.com. Visit the Telegram / Twitter / Tradingview / Discord links to find out more.
About Prasaga
Prasaga is building the DataGrid Blockchain and has filed 6 patents, to protect the inventions for the community, has launched its innovative eXtensible Blockchain Object Model (XBOM) operating system on HyperLedger Fabric and is building the global DataGrid Collaborative community ecosystem. Visit the Telegram / Twitter / Discord / WhitePaper links to find out more.
Media Contact Details Contact Name: Jay Moore Contact Email: jay@prasaga.com Contact Number: +1 (541) 543-3963
THXCHAIN Digital Platform, an innovative digital asset trading platform architected by Thore Network, has officially launched the industry’s FIRST combined model of Traditional Finance, Private Equity & Crypto/Asset Digital Exchange end-to-end solution for the emerging digital asset market, specifically the trend of tokenized Assets — more commonly referred to as security tokens & Crypto Future Binary Options Esport Tokens & Tokenised Global assets like AAPL, Netflix, Tesla, Crude, Gold.
Looking ahead, the total number of modules will be close to 6 and launched in March 2021:
Institutional grade exchange offers transaction throughput (100K TPS), API connectivity, customizable UI, widgets and inhouse Liquidity Pool Trading and Staking services for Ethereum (ETH), ThoreCOIN (THR), Tether (USDT), and more.
THXCHAIN Digital Asset Platform Now Open to Public
THXCHAIN Digital Asset Platform is a proprietary exchange and asset management platform launched by Thore Network that will serve as an exchange, trading platform and asset management platform within the THXCHAIN Ecosystem. This platform is fortified by cutting-edge artificial intelligence (AI) technologies, full-fledged quantitative/Manual trading capabilities, and a rich set of tools and Smart order Protocol.
THXCHAIN Digital Platform following Traditional stock Market Method trading terminal allows making orders way more customisable and powerful than anywhere else. Among all, it offers unique trading automation tools such as trailing stop and double stop allowing to make the most of the market, as well as smart orders constructor. All the open orders will be automatically cancelled EOD & if there is no Trading activity for Significant time, all Open Buy/sell orders will be automatically “disable”.
THXCHAIN Digital Platform is proud to announce it has launched its mobile app for the Digital Asset Exchange Available now for Android users and coming soon for the Apple iOS App Store.
THXCHAIN is focused on empowering our users, providing more opportunities to trade through their smartphone. With the app, you truly have the power of the Crypto in your pocket.
Mastercard will accept some crypto assets as a way of payment in its network
Mastercard said compliance and security will be among the key attributes when evaluating which cryptocurrencies to support
Mastercard will consider cryptocurrencies that are appropriate for payments
Whether you’re a cryptocurrency enthusiast or not, it’s hard to deny that the industry is growing rapidly. We can see massive growth in the amount of users entering the cryptocurrency space, especially in the wake of the recent Bitcoin bull run. Mastercard, one of the world’s leading financial service providers, has noticed that cards using the Mastercard network are increasingly being used to purchase crypto or to change crypto into fiat.
Mastercard says it will add support for certain cryptocurrency assets to be transacted directly on its payments network, which will allow interested merchants to accept them directly.
According to the company, adding support for crypto assets is one way of enabling businesses and people to transfer value in digital form. While the company isn’t necessarily endorsing its cryptocurrency, it says it wants to making it possible for customers to spend their money on what they want.
All crypto coins are not suitable for Mastercard
There’s a huge variety of crypto assets, and not all of them are not suitable for Mastercard. Many of these coins won’t meet the strict criteria that the company is putting in place. The payment giant says it will only be considering crypto assets that prove to be secure and reliable. The supported coins will also have to be regulated, and allow for compliance through KYC and other processes. Stablecoins are promising candidates due to their compliance and price stability. Stability is a critical factor for Mastercard because it is integrating crypto assets as a payment method, not as an investment.
The payment giant unveiled some exciting partnerships last year with cryptocurrency companies such as Wirex and BitPay. The collaborations aimed to make it possible for users to utilize their cards and buy crypto. Another essential collaboration was added this year, and it was with LVL, a promising crypto exchange. Crypto is not on the Mastercard network right now, and users have to convert their coins to fiat before they can make transactions. When the new initiative is implemented, cryptocurrencies will be used directly on the network.
Elon Musk has been mentioning Dogecoin a lot recently, and he has encouraged people to buy it
Now, other people like Snoop Dogg are joining in promoting the meme cryptocurrency
Dogecoin is a cryptocurrency that was initially started as a lighthearted parody of cryptocurrency. However, due to its relatively early entrance into the cryptocurrency space, Dogecoin has managed to display staying power and has a somewhat legendary status in the cryptocurrency community. After being mentioned by Elon Musk multiple times, Dogecoin was brought into the spotlight once again, and attracted the attention of an army of speculators. As a result, the Dogecoin price has increased by almost 650% in the last month alone.
Famous rapper Snoop Dogg recently joined other celebrities like Elon Musk and Gene Simmons to promote the meme cryptocurrency higher. His tweet featured Shiba Inu, a dog breed that’s used as a mascot for Dogecoin.
Dogecoin price reacted to the tweet
Dogecoin was trading at around $0.056 at the beginning of Sunday. Soon after the tweet, it touched $0.0872, which was a new all-time high. The coin experienced more than 55% growth in 24 hours. The recent rise of Dogecoin is outstanding, and many people are dreaming about Dogecoin having a price of $1.
Some hours after the tweet, Elon Musk, the CEO of Tesla who is not just pumping Dogecoin, tweeted a Lion King-inspired picture that featured Dogecoin, Snoop Dogg and Gene Simmons, a member of the legendary rock band Kiss. Simmons has recently gone viral in the cryptocurrency community on Twitter by promoting cryptocurrencies like Dogecoin and XRP.
The cryptocurrency market is small enough that celebrity endorsements can result in major price movements. The recent attention given to Dogecoin was enough for the coin’s market cap to temporarily surpass Bitcoin Cash, Chainlink, Litecoin, and Binance Coin. Dogecoin has since dropped back to the 10th spot in the cryptocurrency market cap rankings, and currently has a market cap of $9.9 billion.
Dogecoin started as meme cryptocurrency, and from a technological point of view, it does not offer much in the way of unique features. However, its recent ascent has shown the power that memes and viral social media activity can have on the cryptocurrency markets.
Tesla spent $1.5 billion to buy BTC, and also says it will adopt Bitcoin payments in the future
Elon Musk has had an active presence in the cryptocurrency space recently
Tesla has also warned about the volatility and risk of Bitcoin
Tesla buys $1.5 billion worth of Bitcoin
Tesla, the electric car manufacturer that has captivated the world’s attention, has made another bold move. On Monday, the company announced that it had bought $1.5 billion worth of Bitcoin, and that it plans to accept the cryptocurrency as payment for its products. Portfolio diversification is essential for Tesla, and the company started buying BTC to materialize this and potentially make additional profits.
The news was foreshadowed by recent comments made by Tesla CEO Elon Musk. In the last weeks, he has been actively talking about cryptocurrencies on his Twitter account, primarily mentioning Bitcoin and Dogecoin. In a recent chat, he also stated that he is a supporter of Bitcoin.
Bitcoin price had a positive reaction to the news
Elon Musk featured Bitcoin in his Twitter bio about two weeks ago, and stated that he supports the cryptocurrency. Since Musk is an extremely influential figure in the technology and investing spheres, his comments were quickly followed by a noticeable price spike in the Bitcoin market.
Unsurprisingly, the Bitcoin markets also quickly responded to Tesla’s $1.5 billion Bitcoin investment. As the news started circulating, Bitcoin created new all-time highs, eventually hitting a peak at around $48,000 per BTC. Tesla is a leading company, and the news could be a catalyst for other companies to imitate its strategy and allocate some of their money to the king of cryptocurrencies.
The price of Tesla’s shares also saw an uptick following the news, with investors seemingly welcoming the fact that the company now has exposure to Bitcoin, an asset that has displayed rapid growth. However, Tesla also acknowledged the volatility and risks of Bitcoin as well. The volatility in the Bitcoin markets is massive compared to traditional assets. Crypto is also a new technology, and could have undiscovered security issues. Crypto space faces issues like hacks, market manipulation, and many more. Investors who want to come to the area have to account for both the potential upside, as well as the risks.
The recent news shows Tesla’s flexibility as a company. The Bitcoin investment could very well turn out to be a smart move that diversifies the company’s portfolio and provides better returns than just holding cash. Tesla’s support for Bitcoin is a major milestone, and shows that the mass adoption of crypto is on the horizon.
February 10, 2021 – Ethernity, a NFT project that’s focused on charitable causes, auctions artwork featuring artists and stars from music, film, sports, crypto and other industries. Each of the digital artworks is represented as a non-fungible token (NFT) and has been created by renowned artists. The pieces feature well-known public figures and a portion of all funds raised from the endeavor will be donated to charitable causes.
Public figures who are participating in the debut Ethernity collection include Gemini founders the Winklevoss brothers, soccer legends Christian Vieri and Paolo Maldini, Philadelphia 76ers owner Michael Rubin, Swedish DJ Alesso, Belgian DJs Dimitri Vegas & Like Mike. In fact, Ethernity has already secured a vast amount of NFTs that are endorsed by celebrities and created by artists. Their goal is to build the biggest library of authenticated NFTs (AFNTs).
Operating at the intersection of crypto and digital art, Ethernity provides a way for celebrities to support charitable causes while participating in interests that are close to their heart.
Established digital artists including Mad Dog Jones and Esteban Diacono have been asked to create collectible NFTs that are unique to each celebrity. Ethernity is focused on creating one of a kind quality trading card NFTs as well as unique animation art pieces. The Vintage Card Collection will be kickstarted by 76ers owner Michael Rubin, who has already raised over $60 million for children and adults in need via the All in Challenge.
NFTs are already synonymous with basketball thanks to the success of NBA Top Shot, which assigns memorable in-game moments to unique NFTs. Mainstream interest in digital collectibles has been growing rapidly, with $8.6 million of blockchain-based artwork sold in December, and a digital Bitcoin artwork selling for $130,000 at Christie’s auction house.
About Ethernity
Ethernity is a new initiative exploring applications for non-fungible tokens (NFTs) within the context of art, decentralized finance (DeFi) and charity. It provides a way for celebrities and public figures to endorse digital artwork created by renowned artists. Anyone can purchase each limited edition artwork, with a portion of the proceeds going to charitable causes that the celebrity supports. Ethernity was founded by early Bitcoin investor and NFT innovator Nick Rose Ntertsas.
10th Feb 20201 – Binance Smart Chain (BSC) surpassed the daily transaction volume of Ethereum by 30%.
BSC daily transaction volume is up by 300% from YTD and bolsters an ecosystem of 100+ DeFi projects. Furthermore, the platform has succeeded in maintaining GAS costs as low as $0.04. Compared to Ethereum’s $5.53, BSC is 135 times less expensive! (BSC transaction data here)
“We are thrilled to see in just six months since we officially launched Binance Smart Chain (BSC) that we have flipped Ethereum on daily transactions,” said Changpeng Zhao (CZ) CEO at Binance. “With low fees, faster network and interoperability between blockchains, we have been able to attract more users and projects. We will continue to work with the BSC community as well as our ‘Most Valuable Builder’ accelerator program to build more.”
Last week, Binance launched the Most Valuable Builder program to bolster the cryptopreneurial community and provide more support to builders innovating on the Binance Smart Chain (BSC). The program’s main aim is to help BSC-based startups create real-life innovations, gain industry exposure, receive funding, accelerate community and business growth.
To-date, BSC supports 42 cryptocurrencies across the chain to BSC, the total value of cross-chain assets has reached $1.37 billion, and the total market value of Binance BTokens has reached $1.8 billion.
With transaction fees that are a fraction of the cost on the Ethereum network, as well as connectivity with various other blockchains, BSC has attracted many blockchain projects, which drove the number of daily transactions on the BSC network to more than 1.66 million as of February 10, a new record and a figure that surpasses Ethereum’s transaction numbers by 30%.
There are now $4.2 billion worth of digital assets, called BEP-20 tokens, that use BSC. The recent market movement mainly points to the willingness of blockchain users to increasingly go for Ethereum alternatives, and BSC’s attributes and growing popularity have played a key role in the BNB rally.
