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Altcoin Gainers Today | EOS, Tron (TRX), & VeChain (VET)

Only a handful of coins in the top 100 cryptocurrencies are seeing losses on the market this morning. After a rough start to August, it seems the market has begun correcting itself again. At press time, Bitcoin (BTC) is trading just below $6,500 and Ethereum has just passed the $300 threshold.

EOS, Tron (TRX), and VeChain (VET) are all altcoin gainers today – let’s take a closer look at their prices and latest project updates.

Altcoin Gainers Today: EOS

EOS was passed by Stellar earlier this week for the fifth largest cryptocurrency by total market cap. However, the cryptocurrency has gained momentum in the last 24 hours and is back to fifth.

Block.one, the software publisher that designed EOS, is currently holding its EOS global hackathon to incentivize dApps to be built on top of EOS. Two of the competitions have already been completed and two more are set to occur in the next coming months.

Block.one will release the dates for the fifth ‘finale’ hackathon in December. The top three winners from each hackathon will compete in the grand finale.

At press time, EOS is currently trading at $4.86 a coin, up 3.22% in 24 hours.

Tron (TRX)

Tron recently dropped to the 12th largest cryptocurrency by total market cap, but has received a boost on the market today and is seeing over 10% gains.

Justin Sun, Tron’s founder, just made the announcement that his project has just completed the acquisition of Blockchain.org. The coin’s boost must be due to this announcement just three hours ago.

>> After Months of Waiting, JD.com Launched its Blockchain Platform and Mobile App

At press time, TRX is trading at $0.0215 a coin, up 10.34% in 24 hours.

VeChain (VET)

This morning, VeChain is among the top coins with the most gains on the market.

Yesterday, the VeChain Foundation put out this announcement but there doesn’t seem to be a clear indication why the coin has spiked so rapidly. The usual ‘pump’ tweets are all over Twitter but those are to always be ignored.

At press time, VET is trading at $0.0149 a coin, up 48.35% in 24 hours.

Featured Image: Depositphotos/© SIphotography

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Stellar (XLM) & Cardano (ADA)

The total cryptocurrency market is booming this morning, as various crypto-positive news reports have given investors more confidence in the future of the cryptocurrency industry and market. We’ll be checking in on Stellar (XLM) and Cardano (ADA) for the latest project updates.

Stellar (XLM)
Source: CoinMarketCap

Wells Fargo and Bank of America announced this morning that both banks have applied for new blockchain- and crypto-related patents. Mastercard has even filed a new patent for consumer protection and payment transactions, using blockchain technology.

Due to all this crypto-positive news, most coins in the top 100 are in the green, and some are seeing major percentage gains. Let’s take a closer look at the coins leading the market this morning.

Stellar (XLM)

Stellar (XLM) is currently leading the top 50 coins for highest percentage gain on the market today. At press time, XLM is trading at $0.295 a coin, up 28.12% in 24 hours.

Nearly 24 hours ago, the Stellar Foundation announced that Stellar was the first distributed ledger protocol to receive a Sharia compliance certification in the money transfer and asset tokenization space. The Shrariyah Revier Bureau (SRB) is the leading international Sharia advisory agency licensed by the Central Bank of Bahrain.

SRB and Stellar’s new partnership means that the Stellar ecosystem can now reach regions where financial services require compliance with Islamic financial principles. Stellar technology can now be integrated into Sharia-compliant product and service offerings in these following countries:

  • Bahrain
  • Indonesia
  • Kuwait
  • Malaysia
  • Oman
  • Qatar
  • Saudia Arabia
  • UAE

On top of this great news for the Stellar ecosystem, IBM announced that a “crypto dollar” could be the key to blockchain payments and one day a fed coin.

IBM has had a long-standing working relationship with the Stellar Foundation, and the new Stronghold platform was built on Stellar. Stronghold has just launched a new stable coin called ‘Stronghold USD.’ This new coin will be in competition with Tether (USDT).

>> Stellar & Cardano Considered by Coinbase

Cardano (ADA)

Input/Output (IOHK), the company behind the project Cardano, provided its loyalists with an in-depth update on the Shelley Project. Liz Bancroft-Turner, project manager of Shelley, discussed how the project has been broken down into smaller workstreams, which makes sure each piece of the project is completed without flaw and achieves the main goal of the project – the complete decentralization of Cardano.

Earlier this month, Cardano’s co-founder, Charles Hoskinson, confirmed that Shelley would be released before the end of April 2019, with hopes that it could be released by the end of this year.

If you’d like to view the transparent and one-of-a-kind active Cardano roadmap, you can do so here. The roadmap shows you what is currently being worked on in the Cardano project, what developer is working on it, and its completion percentage.

At press time, ADA is trading at $0.181 a coin, up 19.63% in 24 hours.

Featured Image: Marina

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Stellar (XLM) & Cardano (ADA) Lead the Crypto Market

Stellar (XLM) & Cardano (ADA) – The total cryptocurrency market is booming this morning, as various crypto-positive news reports have given investors more confidence in the future of the cryptocurrency industry and market.

Total Crypto Market

Source: CoinMarketCap

Wells Fargo and Bank of America announced this morning that both banks have applied for new blockchain and crypto related patents. Mastercard has even filed a new patent for consumer protection and payment transactions, using blockchain technology.

Due to all this crypto-positive news, mostly all coins in the top 100 are in the green, and some are seeing major percentage gains. Let’s take a closer look at the coins leading the market this morning.

Stellar (XLM)

Stellar is currently leading the top 50 coins for most percentage gains on the market today. At press time, XLM is trading at $0.295 a coin, up 28.12%, in 24 hours.

Nearly 24 hours ago, the Stellar Foundation announced that Stellar was the first distributed ledger protocol to receive a Sharia compliance certification in the money transfer and asset tokenization space. The Shrariyah Revier Bureau (SRB) is the leading international Sharia advisory agency licensed by the Central Bank of Bahrain.

SRB and Stellar’s new partnership means that the Stellar ecosystem can now reach regions where financial services require compliance with Islamic financial principles. Stellar technology can now be integrated into Sharia-compliant product and service offerings in these following countries:

  • Bahrain
  • Indonesia
  • Kuwait
  • Malaysia
  • Oman
  • Qatar
  • Saudia Arabia
  • UAE

On top of this great news for the Stellar ecosystem, IBM announced that a “crypto dollar” could be the key to blockchain payments and one day a fed coin.

IBM has had a long-standing working relationship with the Stellar Foundation, and the new Stronghold platform was built on Stellar. Stronghold has just launched a new stable coin called “Stronghold USD.” This new coin will be in competition with Tether (USDT).

>> Stellar & Cardano Considered by Coinbase

Cardano (ADA)

Input/Output (IOHK), the company behind the project Cardano, provided its loyalists with an in-depth update on the Shelley Project. Liz Bancroft-Turner, project manager of Shelley, discussed how the project has been broken down into smaller workstreams, which makes sure each piece of the project is completed without flaw and achieves the main goal of the project – the complete decentralization of Cardano.

Earlier this month, Cardano’s co-founder, Charles Hoskinson, confirmed that Shelley would be released before the end of April 2019, with hopes that it could be released by the end of this year.

If you’d like to view the transparent and one-of-a-kind active Cardano roadmap, you can do so here. The roadmap shows you what is currently being worked on in the Cardano project, what developer is working on it, and its completion percentage.

At press time, ADA is trading at $0.181 a coin, up 19.63%, in 24 hours.

Featured Image: Marina

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Votes are Finally In – Crypto Currency News

To say it’s been a bumpy start for the EOS blockchain might just be the understatement of the year. The voting process was long and winded, experiencing many unexpected delays, but it’s finally complete. The votes are in, and EOS is officially live.

EOS Blockchain Voting System

The 21 block producers have finally been elected, but it was a slow start to get there. If you’re unclear about EOS block producers, you can check out our break down.

For a while, the voting process was stalled. 15% of all tokens in the system needed to be staked to complete the process. That’s 150 million tokens total. Until that happened, all EOS tokens were locked from use (other than to stake for voting). No one was able to do anything on EOS until the voting process was completed.

As of June 10th, only 10 million tokens had been staked. By June 11th, 30 million – still a long way from the necessary 150 million. Although many reassured that that target could be achieved at any moment, it seemed a long time coming.

Today, finally, the necessary amount of tokens were staked, the voting completed, and the block producers elected – at long last making EOS live.

What was causing the holdup? Part of why it may have taken so long to get votes in comes down to the method of staking votes. To stake a vote, EOS token holders need to use their private keys, a complicated and risky process that some might not be able to manage or be willing to do.

The other possibility is that a large number of token holders may have been waiting to first see who others were voting for. Today, staked votes very quickly jumped from 110 million to 150 million, suggesting that this might be true.

Regardless, EOS is finally live – will this be the end of the problems? Let’s hope so, but it’s good to keep one eye open. After all, people are still discovering bugs on the EOS blockchain.

>> EOS Bugs Pay for Themselves: 11 Bugs Found, Nearly $120K Paid

EOS Price

Currently, EOS is selling for $11.44, which puts the coin up 13.70% in the past 24 hours.

EOS blockchain
Source: CoinMarketCap

Despite the struggles, it looks like EOS is up today on the news that it has gone live.

>> EOS Hackathon Results: The First Competition Ends with a Bang

Featured image: Steemit

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