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5 Top-Earning Altcoins This Week

Mark Brennan
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5 Top-Earning Altcoins This Week

The total value of the cryptocurrency market has increased to $2 trillion, Bitcoin’s market dominance, which has a market capitalization of $1.1 trillion, has fallen below 56%.

In the top 100 altcoins in terms of market capitalization, Holo (HOT) gained the most. This week On Binance, HOT entered the top 3 position by volume, and has gained 810% in the last 1 month.

Top 5 Earning Altcoins

The top 5 best performing altcoins in the top 100 for the week of March 27-April 3 are as follows.


Holo (HOT)

  • Cryptocurrency ranking: 32.
  • Price: 0,02454783 Dollars.
  • 7 days Increase: 137.5%
  • 24 hours Increase: 22.3%
  • Market value: $4,369,252,353.
  • Daily trading volume: $2,934.754.075.
  • Exchanges: Binance, Bitexen, Paribu, Thodex, BKEX.

BitTorrent Token (BTT)

  • Cryptocurrency ranking: 27.
  • Price: 0,00719981 Dollars.
  • 7 days Increase: 101.9%.
  • 24 hours Increase: 24.1%.
  • Market capitalization: $4.745.194.797.
  • Daily trading volume: $5,490,435,860.
  • Exchanges: Binance, Bitexen, OKEx, Upbit, VCC Exchange.

Helium (HNT)

  • Cryptocurrency ranking: 85.
  • Price: 16.39 dollars.
  • 7 days Increase: 98.1%.
  • Rate of increase in 24 hours: 26.6%.
  • Market capitalization: $1,249,703,986.
  • Daily trading volume: $67,503,922.
  • Exchanges: Binance, Binance.US, BKEX, Bilary, FTX.

Mask Network (Mask)

  • Cryptocurrency ranking: 82.
  • Price: 21.21 dollars.
  • 7 days Increase: 90.9%.
  • Increase rate in 24 hours: -15.5%.
  • Market value: $1,308,955,310.
  • Daily trading volume: $108,716,318.
  • Exchanges: OKEx, Huobi Global, Digifinex, KuCoin, MXC.

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Tron (TRX)

  • Cryptocurrency ranking: 17.
  • Price: 0,106603 dollars.
  • 7 days Increase: 64.8%.
  • Rate of increase in 24 hours: 20.9%.
  • Market value: $7,705,186,766.
  • Daily trading volume: $6,473,901,928.
  • Exchanges: Binance, Bitexen, HBTC, Bidesk, Huobi Global.

 

Binance Investment In Mask-What Is Mask Network Token?

Albert Brown
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0
Binance Investment In Mask-What Is Mask Network Token?

Mask Network (MASK) price doubled in one week. Mask network gained 193 percent on the monthly chart, 80 percent on the bi-weekly chart, and 146 percent on the weekly chart.

Mask All-Time High is $41.45 and the All-time low was $7.37. 


MASK has a market capitalization of $1.5 billion and is positioned at number 82 in the Top 100 cryptocurrencies. The daily trading volume of the token stands at $421 million. Mask’s total supply is 100 million, while its circulating supply is 61 million.

What is Mask Network Token (MASK)?

Mask Network is a platform that works on Chrome, Firefox, Edge, and Chrome-based browsers, allowing users to send and share encrypted messages.

Mask The Portal to the New, Open Internet. Encrypt your posts & chats on social networks Allow only your friends to decrypt.

It targets internet users to move from web 2.0 to web 3 and serves on Twitter and Facebook. Users can perform decentralized file sharing and storage operations with Mask.

Mask Network, which received a strategic investment from Binance on April 1, plans to accelerate its multi-chain and ecosystem work. Binance and Mask agreed to develop a web 3.0 multi-chain ecosystem.

The network’s token MASK is used in in-network transactions and community activities such as voting.

Mask Network Features

  • Send encrypted posts to friends.
  • Decentralized file storage and sharing.
  • Send and receive cryptocurrencies on social networks.
  • Support Gitcoin fundings on Twitter.

How to buy a MASK token?

Mask is available on different crypto exchanges.

  • Huobi Global
  • OkEx
  • Digifinex
  • Kucoin
  • Uniswap
  • Gate.io
  • MXC

The OKEx exchange launched MASK token deposits on February 24 and withdrawals on February 26. At the same time, OKEx distributed 50,000 masks to Mask Network community members.

Users can find the MASK token in the markets Section at the top corner of the OKEx exchange. MASK can be purchased via USDT.

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With recent Binance investment in Mask, the token may launch on Binance, which will further increase Mask price.

Coinbase To List On Nasdaq On April 14 With Expected Starting Share Price At $300-350

Albert Brown
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0
Coinbase To List On Nasdaq On April 14 With Expected Starting Share Price At $300-350

Coinbase announced that the direct listing of the exchange’s shares on Nasdaq will take place on April 14.

According to forecasts, the shares will trade at $300-350, with the exchange valued at about $100 billion.


Cryptocurrency exchange Coinbase said on Twitter that the US Securities and Exchange Commission (SEC) announced the approval of the exchange’s application for a direct listing on Nasdaq, which will take place on April 14, 2021.

According to analysts forecasts, Coinbase shares under the “COIN” ticker will trade in the range of $300-350. The trading platform is valued at $100 billion.

According to CNBC, based on an average price of $343.58 per share, 39.6 million shares of Coinbase CEO Brian Armstrong will be worth $13.6 billion.

According to a press release from Coinbase, on April 6, the company will report its first-quarter earnings and financial forecasts for 2021.

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Coinbase filed preliminary documents with the SEC to enter the stock market in December last year. Back then, the exchange was considering both a direct listing and an initial public offering (IPO). In January, Coinbase confirmed that it was going to enter the stock market through a direct listing as Class A common stock trading.

Earlier, the plan of the crypto exchange Coinbase for a direct listing on the Nasdaq in March failed and was postponed to April. The reasons for the delay in listing are unknown.

Bitcoin Mining Difficulty Reaches All Time High

Mark Brennan
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Bitcoin Mining Difficulty Reaches All Time High

Latest calculation of Bitcoin mining shows that BTC mining difficulty has increased by 5.82% and for the first time in history exceeded 23.14 trillion.



There has not been such a significant increase in BTC mining difficulty since January. But, this is not surprising, since the average hash rate of the Bitcoin network has increased from 156 exahashes second (Eh/s) to 165 Eh/s. That is because mining companies have put into operation approximately 90,000 new, latest generation ASIC devices.

Source: https://btc.com/stats/diff

The demand for mining equipment is not going to fall sooner. In the market, ASIC miners are sold for five times the price of pre-orders. Bitmain Antminer S19 devices on the secondary market can be bought for $10,000. The lack of mining equipment on the market plays into the hands of miners who have already purchased the devices.

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In February The Bitcoin price has grown significantly, but mining difficulty was not growing quickly as compared to BTC price. Therefore, profits of miners were extremely high. In March the situation remained the same and the profit of Bitcoin miners exceeded $1.5 billion in March.

Coinbase Invests In Polkadot Based Defi Project Acala

Mark Brennan
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0
Coinbase Invests In Polkadot Based Defi Project Acala

Coinbase Ventures, the venture investment arm of Coinbase, a major US crypto exchange, has announced funding in the Defi (Decentralized Finance) project Acala based on Polkadot (DOT).


Acala is a project that plans to provide Defi services on Polkadot to achieve interoperability of different blockchains. It aims to become a hub for Defi and will use this investment to continue project development.

Acala is developing a Layer 1 blockchain optimized for Defi, and its network is compatible with Ethereum (ETH) virtual machines (EVM).

The core products are the following 4.

  • Stablecoin Acala Dollar (AUSD).
  • AMM type decentralized Exchange (Acala DEX).
  • Staking service for DOT.
  • Decentralized Fund (DSWF).

In Polkadot, there is a network called Kusama. This is a network with a structure similar to Polkadot, and it is used to experiment with new ideas because updates can be performed faster than Polkadot.

Acala aims to build a network called “Karura” as a Defi hub on Kusama. Karura is a network written in almost the same code as Acala, and Coinbase Ventures says it will also financially support Karura.

To connect to Polkadot, it is necessary to acquire a slot at auction. Acala won the fastest Slot on Polkadot’s test net last month and will continue to develop to connect to the main net as quickly as possible to become a hub.

Investment of Coinbase Ventures

Coinbase Ventures has invested in several cryptocurrency and blockchain projects.

Coinbase Ventures recently invested in Vega, a decentralized derivatives trading protocol. Vega has successfully raised a total of $500 million.

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Coinbase Ventures has also invested in Compound, a Defi lending service, DODO, a decentralized exchange, TaxBit, a software company that develops cryptocurrency tax payments, and CoinDCX, an Indian cryptocurrency exchange.

17.1 BTC Almost $974,700 Stolen From Fake Trezor App On Apple App Store

Mark Brennan
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17.1 BTC Almost $974,700 Stolen From Fake Trezor App On Apple App Store

A whopping $974,700 worth of Bitcoin (BTC) was recently stolen from an investor. He used an app from Apple’s App Store because he believed it would be safe using an APP from Apple store. However, it was a scam and the investor is blaming Apple.


The Washington Post reports.

 

Phillipe Christodoulou has lost almost all his money. The investor downloaded a Trezor app from the App Store last month to check his BTC balance. But Trezor doesn’t have an app on iOS at all.

The app appears to be from Trezor and was rated five stars on the App Store. However, after the investor entered his seed phrase (password), 17.1 BTC was immediately stolen from his wallet.

Christodoulou blames Apple, as the company picture itself as “the world’s most trusted apps marketplace” and collects 15-30% for the control and cu ration of apps that appear on the App Store.

Christodoulou, has filed a report with the Federal Bureau of Investigation (FBI). He says he is destroyed and he is going to a psychiatrist and taking medication, but he still hasn’t heard from Apple.

The reactions from the crypto community varies. Many people show understanding and pity for Christodoulou, but there are also those who say it is his fault. According to them, the investor should have done proper research before downloading Trezor fake app.

This form of scam is increasingly common. According to Coinfirm, $1.6 million has already been stolen via fake Trezor apps on iOS, and many more types of fake wallet apps exist in the market.

Trezor warned a few days ago about such an app on the Google Play Store:

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Enjin Raises About 18.9 Million Dollars To Develop First Dedicated NFT Chain Efinity On Polkadot

Jakkk
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Enjin Raises About 18.9 Million Dollars To Develop First Dedicated NFT Chain Efinity On Polkadot

Enjin (ENJ), known for developing NFT (non-fungible token) specialized platforms, held a private sale for the development of the next-generation NFT blockchain “Efinity” using Polkadot.

Raised 18.9 million dollars, “Efinity” is scheduled to launch within 21 days.


The funding led by Crypto.com Capital, a venture division of crypto.com, a cryptocurrency settlement service provider, DFG Group, and Hashed, a Korean blockchain investment company. Other Participants were Hypersphere, BlockTower, Blockchain.com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital, DeFi Alliance and other major companies, celebrities and retail investors.

Caleb Applegate, COO of Enjin, said:

NFT should be open to everyone. With Polkadot, we can easily build scalable solutions and allow anyone to join the new NFT economy. Always with the end user in mind, Efinity provides everyone with a fun, simple and easy-to-use experience.

Efinity is a PoS (Proof of Stake) chain developed by Enjin that focuses on enhancing interoperability and features low-cost, high-speed transactions. Transactions are processed every 6 seconds and are designed to handle up to 1,000 transactions per second.

Development of new token standard

Enjin also announced the development of a (cross-chain) token standard “Paratoken” that can be moved between multiple chains. It is said to be a further evolution of the Ethereum blockchain token standard “ERC-1155” developed by Enjin in 2017. The ERC-1155 token is a hybrid token standard that combines ERC-20 and the NFT standard ERC-721.

The Paratoken standard will allow fungible or non-substitutable tokens from any blockchain to be moved to the Infinity network for use throughout the Polkadot ecosystem.

Witek Radomski, CTO of Enjin, commented on the cross-chain token:

DIGITAL ASSETS should be on the blockchain metaverse. By creating liquidity across multiple BLOCKCHAINS, we will connect more creators, buyers and sellers to expand the ecosystem.

Efinity Token (EFI)

According to a press release, Efinity will use Efinity Token (EFI), as a  first Paratoken.

EFI holders can propose and vote in community governance on what the future network should be. EFI holders will be able to stake EFI to earn rewards. ENJ staking users will also be able to earn EFI collected as network fees, market fees, cross-chain bridge fees, and smart contract fees.

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Efinity plans to create an NFT marketplace called NFT.io. By providing EFI to bidders on NFT.io, it is believed that the liquidity of assets will be improved and the valuation of collector-owned NFTs will be visualized.

In a press release, Enjin CEO Maxim Blagov said:

In 2017, we developed the first NFT platform with the advanced ERC-1155 token standard. Efinity brings a dedicated blockchain to the NFT industry, enabling an advanced DIGITAL ASSET economy that is spreading around the world: a free, open and decentralized economy.

Ripple CTO Criticized Bitcoin And Explains The Difference Between BTC and XRP Ledger

Mark Brennan
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Ripple CTO Criticized Bitcoin And Explains The Difference Between BTC and XRP Ledger

Ripple CTO David Schwartz criticized the proof-of-work (PoW) algorithm used in Bitcoin and explained how the XRP Ledger is different from Bitcoin.

David Schwartz spoke to TechRadar Pro and explained why XRP Ledger works with a different system than Bitcoin. According to Ripple CTO, the PoW system used in Bitcoin does not coincide with the principles of decentralization.


In the Bitcoin network, the miner solves complex math problems in the shortest time receive transaction fees and block rewards. Positioning miners as intermediaries, Schwartz thinks that Bitcoin is no different from other third-party-focused systems.

“A CRYPTOCURRENCY should be a one-sided market; the users want a store of value and a means of exchange,” explained Schwartz. “But what Bitcoin did was turn it into a two-sided market. Miners have historically fought for high transaction fees, because that’s their revenue. The reality is that you have another set of stakeholders who are trying to charge the highest FEES they can get away with, and that’s not much different from the way payments work at a bank.”

In 2011, having identified the problems with PoW, Schwartz and former Ripple executive Jed McCaleb sought to found a new cryptocurrency on a different approach, with a greater focus on both speed and decentralization.

“At the time, the philosophy for most people was that PoW was Bitcoin’s secret sauce, but the very first cracks in the foundation were beginning to show,” said Schwartz. What we were starting to think was that PoW wasn’t what was amazing about Bitcoin. It was the fact that all transaction data and transaction rules are public and that there is no central operator.”

Ripple, which moved away from the PoW system at the suggestion of Jed McCaleb, started using Proof-of-Stake (PoS). According to Schwartz, with this change, XRP Ledger has become a network that operates based on coordination, not competition.

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“The way we designed the XRPL is that the consensus algorithm just puts transactions in order. There are no CRYPTOCURRENCY rewards, so the process is cooperative as opposed to competitive.”

He said further

“It’s the same thing that incentivizes people to run Bitcoin full nodes. With Bitcoin, only the miners are compensated; if you run a node for your customers your only compensation is that you have that node for your own use. There are enough people who want to use the [XRP] system. If there aren’t enough people willing to run the software because they find some value in using the network, the project has already failed.”

In the years to come, Schwartz predicts, cryptocurrency projects will preserve their roots in decentralization and disintermediation by providing a way for users to adhere to local regulation, but without mandating compliance.

Top 5 Defi Wallets In Cryptocurrency Market

Mark Brennan
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Top 5 Defi Wallets In Cryptocurrency Market

Defi is arguably the hottest space in the entire cryptocurrency and blockchain ecosystem right now. It has earned quite a notable amount of traction in the last year, so much that an increasing number of institutional investors (already dabbling in crypto) are looking to up their risk appetite by entering the Defi market. 

However, this uptick in the adoption of Defi platforms has made it difficult to choose a wallet for interacting securely and intuitively with Web3 applications. 

Which one helps with efficient crypto asset management? Which wallet provides the most unfettered access to this swiftly growing space? We will take a look at that in a bit. 

But first things first. A Web3-facing wallet needs to uphold the ethos of financial inclusion and let users actually “be their bank”. Not sure what this means? Continue reading. 


Attributes Of An Ideal Defi Wallet

Defi wallets ideally have in-built Web3 compatibility for seamless connectivity with a variety of dApps, and exchanges.

At their very core, Defi crypto wallets are non-custodial. This means crypto-asset holders have complete control of their private keys and can store their holdings and transact in a genuinely peer-to-peer fashion without intermediary interference. 

There are absolutely no restrictions on depositing funds. Any amount of capital can be transacted through Defi wallets throughout the day. 

Also, investors can engage in yield farming, liquidity mining, staking, and other Defi activities while accessing primary tokens and assets such as USDC, DAI, and all ERC-20 tokens (for Ethereum-specific Defi wallets which constitute the majority). 

As it happens, there are a few Defi wallets that fit the description above and are worth looking into. So, let’s dive right in! 

 MetaMask

MetaMask is essentially a browser extension that doubles up as a Defi wallet. It supports access to various Ethereum-based Defi applications, supports all native ERC-20 tokens, and can be configured to be used with Layer 2 solutions like Polygon (previously Matic) and EVM compatible blockchains like Binance Smart Chain (BSC). 

Ethereum and Defi developers can use MetaMask to test transactions with Rinkeby, Ropsten, Kovan, Goerli Ethereum Test networks. Different plugins can be made into MetaMask, allowing it to take on several roles across various applications.

The Ethereum ecosystem supporting wallet also allows users to choose their transactions’ speed while giving them options of fees to be paid for a particular transaction.

MetaMask is also available for use on smartphones in the form of a beta version. A full-fledged version is in the pipeline and will be released soon. 

Eidoo

If there is a multifunctional non-custodial cryptocurrency wallet that provides the perfect gateway to the world of numerous Defi Platforms, it’s Eidoo. 

Apart from the ether, ERC-20, and ERC-721 tokens, Eidoo also lets users store Bitcoin and Litecoin. It is a multicurrency wallet that supports over 1000 tokens. 

Moreover, one of the ideal characteristics of a Defi crypto wallet is its ability to let users multiply their ROI by implementing yield farming and liquidity strategies. Eidoo lets crypto traders/investors do precisely that, and that’s not all. 

  • Has access to a decentralized exchange — This is where Eidoo stands out from the competition. The wallet lets users utilize an in-built decentralized exchange (DEX) for swapping tokens effortlessly. 
  • Lets users spend crypto through the Edo card — Edo card is a VISA-backed debit card that lets users pay their cryptocurrency holdings in stores worldwide or online. One can even withdraw fiat currency with the Edo card and make up to 10% cash back for qualifying purchases. 
  • Allows cross-chain Defi access through pNetwork — The EidooDeFi crypto wallet is integrated with pNetwork, with PNT at the heart of this integration. It enables users to store, stake, and vote in the pNetwork DAO and it is necessary for running a pNetwork node and earn rewards in liquidity mining initiatives. 
  • Hosts an in-built NFT Manager — Perhaps the most striking feature of the Eidoo DeFi wallet is its in-app NFT manager. It lets users buy, hold, and trade non-fungible tokens. Apart from this, it is straightforward to view & manage all crypto-collectibles and digital artwork.

Coinbase Wallet

The cryptocurrency exchange Coinbase’s native wallet allows users to HODL or trade all popular ERC-20 tokens and interact with Defi applications seamlessly. 

Users can quickly transfer their crypto funds to and from their respective Coinbase accounts in just a few clicks. Also available is leveraging popular Defi lending protocols like Compound and Maker via an in-app dApp browser. 

Argent 

Argent reduces the Defi entry barrier by eliminating the need to store or remember private keys through a feature called “Guardians.” The wallet is designed for ordinary individuals who aren’t technically sound and intends to onboard literally everyone and help them access the decentralized web. 

Also, Argent doesn’t require users to pay hefty transaction fees for every transaction. This is possible due to something called “meta transactions.” Users don’t need to deposit ETH to use Argent. The wallet supports Compound and Maker and has plans to support several other Defi applications in the coming year.

MyCrypto

MyCrypto is an open-source Ethereum-based wallet that’s a fork of MyEtherWallet. It supports all primary ERC-20 tokens and enables users to swap them on ShapeShift. However, this particular feature has to be paid for. Otherwise, it is a free-to-use wallet.

MyCrypto requires users to pay gas fees (in ETH) to perform transactions successfully. The transaction fee varies and is a function of the number of crypto tokens involved in the transaction. 

Although the wallet had some upgrades from MEW, it is still easy to use. There is a desktop version as well. Beginners will find it user-friendly and secure. The MyCrypto team has designed the wallet to safeguard private keys, mnemonic phrases, and Keystore files.

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Conclusion

These are the best Defi crypto wallets available in the market right now. Of course, there are more, but it isn’t easy to cover all of them in this article’s scope. Since Defi wallets’ primary objective is to ease access to the Defi ecosystem, these wallets pull that off pretty efficiently, which is why they have been showcased here. 

Vechain Users Can Vote For Change In Base Gas Price

Mark Brennan
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Vechain Users Can Vote For Change In Base Gas Price

VeChain (VET) investors can vote on a proposal that could determine the network’s future gas fees. The VeChain Foundation started voting to decide what happens to the primary gas fee of the VeChainThor blockchain. Four proposals are made, and users can choose any of them.


The four proposals are:

  • Leave the base gas price unchanged (1e15 wei).
  • Reduce the base gas price to 2e14 wei (20% of the current gas price).
  • Reduce the base gas price to 5e13 wei (5% of the current gas price).
  • Reduce the base gas price to 1e13 wei (1% of the current gas price).

According to the VeChain Foundation, the network’s future depends hugely on its ability to keep costs feasible and affordable, especially for business use.

Data from the Vechain Foundation shows that a transaction for a particular task on the blockchain cost $0.291 in early January 2021. The same transaction now costs about $7.

The Vechain Foundation commented:

Apart from start-ups, higher transaction costs would affect current and future business and government users. Such increases in transaction costs may significantly slow the large-scale take-up of Vechain products and services.

The VeChain Foundation tightens its measures to limit cost increases for users. Earlier, the initiatives called ‘Delegation Fee as a Service (DaaS)’ and ‘VeChainThor Super Charger’ were started to contain these increases. However, this does not seem to deliver the desired result, making it necessary to tighten up the situation more.

These measures should then ensure that VeChain remains an attractive network for investors. The VeChain Foundation is now making positive statements about the increase in demand for VTHO, the official token used to pay for gas on the network.

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VeChain Foundation Said:

For growth to happen, the VeChain Foundation believes that we need to continue as planned to provide a stable and cost-efficient blockchain environment for governments, businesses, and users.

Voting is happening due to the feedback VeChain Foundation received from its partners, developers, and the community.

After all the votes have been cast, VeChain Foundation will submit the proposal to the steering committee for implementation.

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