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Coinbase Announces Support for EOS

Coinbase has announced that from today, EOS will be supported by its custodial wallet. Coinbase users can now buy, sell, receive, convert, and store crypto on the platform as well as exchange it against fiat currencies that are supported. EOS is currently among the top cryptocurrencies, and it is ranked fifth largest in terms of circulation.

EOS Now Available on Coinbase Wallet

Coinbase tweeted that it is launching EOS on its website as well as in the Android and iOS Coinbase apps, so users will need to update their apps for them to be able to buy, send, sell, receive, convert, and store EOS. The American exchange consumer platform has indicated that more updates will be available once EOS is fully live.

According to Coinbase, EOS will be available in most jurisdictions where the exchange operates, except for the state of New York and the United Kingdom with the former having reportedly been strict towards crypto assets of all kinds. The firm has indicated that additional jurisdictions are likely to be added soon.

>> Is Nobody Spending Bitcoin? Chainalysis New Data Reflects Rally

Coinbase Follows Customer Requests

According to the exchange, its customers have been requesting the company increase its offering and give customers more options for buying and selling various cryptocurrencies. It appears that the exchange that was initially against cryptos not linked to Bitcoin is finally agreeing to its customers’ needs, especially now that its profits are expected to decline in FY2019.

Until the start of the fourth quarter of 2018, the exchange had a strict listing policy, having added only five cryptocurrencies since its inception. However, Coinbase reviewed its Digital Assets Framework to enable it to expand on the number of crypto assets offered.

The support of Coinbase for EOS comes just before the June 1 announcement by Block.one, which is the company behind the EOS protocol.

Featured image: DepositPhotos © ilolab

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China's Cryptocurrency Rankings

China’s Cryptocurrency Rankings | EOS Comes Out on Top

EOS still maintains the top spot in China’s cryptocurrency rankings list. The superpower updated its list last week, proving that EOS is still the favorite. Bitcoin has climbed up three places and now sits in 12th position.

Considering Bitcoin is up 10% to press time and approaching the $9k mark, its a wonder why it hasn’t ranked higher on the list. Well here’s why:

China’s Cryptocurrency Rankings

The rankings list assesses three criteria: technology, application, and innovation.

The top five were as follows: EOS, TRON, ETHEREUM, STEEM, and ONTOLOGY.

Despite the original cryptocurrency Bitcoin being the leading coin by market cap, it only managed to place in 12th. It scored well for creativity but lacked in basic technology.

The rankings are funded by China’s Ministry for Industry and Information Technology and were released by the Center for Information and Industry Development.

Moving forward, the body plans to update the list once every two months instead of monthly.

Eos has held the top spot since June 2018, while Tron has managed to stay in second place since February 2019.

Crypto’s In Green

The entire cryptomarket is experiencing double-digit gains today. China’s cryptocurrency rankings favorite, EOS is up 17.67% and selling for $7.45 per coin.

As stated, Bitcoin is holding firm above $8k—it is currently selling for $8,863 and up 10.87%.

The original cryptocurrency has been on a continued bull run this month. May has seen it pack on whopping gains of 65%.

Will The Gains Continue?

Recently, Bitcoin enthusiast and crypto fund manager, Brian Kelly, spoke to CNBC’s Fast Money and predicted that Bitcoin price will continue to rise. One reason for this is the approaching “halvening” that will see Bitcoin mining rewards cut in half. The halvening won’t happen until 2020, but until then, miners are expected to hoard BTC and this increasing demand will see Bitcoin price rise as the supply becomes lessened.

>>Is Facebook Launching its GlobalCoin Cryptocurrency Next Year? BBC Says Yes

Of course, Bitcoin remains as volatile as ever. Only one day after the coin passed the $8k mark, it plunged 10% back to $7,200 USD. While it has indeed paired those losses once again, never become too comfortable in this market. Another major dip is easily around the corner, especially if Bitcoin has been on an extended bull run.

What do you think of China’s cryptocurrency rankings list? Is EOS your favorite?

Featured Image: Deposit Photos/ilolab

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Weiss Cryptocurrency Ratings

Weiss Cryptocurrency Ratings Places XRP, EOS, BTC, and BNB on Top

Weiss Cryptocurrency Ratings released its March 2019 “Weiss Cryptocurrency Outlook” report, with Ripple (XRP), EOS, Bitcoin (BTC), and Binance Coin (BNB) receiving the top four spots on the list of 122 cryptocurrencies. Weiss Ratings is the world’s only financial rating agency that provides grades on cryptocurrencies.

The report, which is called “Dark Shadows with a Bright Future,” examines the cryptocurrencies available on the market using two factors—the tech/adoption grade for long-term investors and the risk/reward grade based on short-term factors.

Of the 122 cryptocurrencies examined in the report, XRP, EOS, Bitcoin, and Binance Coin were given an overall B- rating, while none received an A rating, which is considered excellent.

Remarkable Growth in the Cryptocurrency Space

Authors Martin Weiss and chief cryptocurrency analyst, Juan Villaverde, start the report by noting that despite a sharp decline in the price of cryptocurrencies, “the industry’s network capacity and security have improved dramatically and underlying technology has evolved with new, more efficient ways to create digital assets.”

What’s more, leading cryptocurrencies are seeing three times more volume in user (on-chain) transactions than they did in early 2018. These improved fundamentals and lower prices offer new opportunities for investors, although this is dependent on whether or not they can “afford the risk, avoid the worst and invest in the best.”

Cryptocurrency Market Still Risky

Despite improvements to cryptocurrency fundamentals, the Weiss Cryptocurrency Ratings report authors still advise investors who cannot afford to lose money to be wary in the near term.

“Investors who cannot afford to lose money, the recent market declines and doldrums imply high risk and uncertain rewards. Crypto market liquidity is very thin. Trading comes in spurts. Relatively small infusions of new buying cause sudden price rallies. Equally small bouts of selling cause unexpected market crashes,” said the report.

>> Wuabit Service Means Users Can Send Crypto through WhatsApp

Cryptocurrency Trends to Watch

In the report, Weiss and Villaverde identified trends in the cryptocurrency space that investors should keep in mind. These trends include changes to the way cryptocurrencies are secured and some cryptocurrencies moving away from blockchain entirely, as well as killer dApps like decentralized, crypto-based social media, peer-to-peer lending, and fair and secure elections playing the biggest role in determining the future winners.

What do you think will happen in the cryptocurrency space moving forward? Which cryptocurrency do you have your eye on?

Featured Image: DepositPhotos © spaxiax

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EOS and Ethereum (ETH) Update, is 2019 Their Year?

Today, we’re taking a closer look at EOS and Ethereum (ETH).

The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a nosedive in January of 2017 and continued to slide all year. In mid-April and early-May, the market began to correct and saw consistent strong gains, only to correct and downslide again. 

EOS

EOS remains the fifth-largest cryptocurrency by total market cap. The blockchain project is run by Block.one. Last year, Block.one held the EOS Global Hackathon, which gave prize money for building on the EOS blockchain.

It seems the marathon was deemed a success, due to the company’s latest tweet. Despite the downturn of the crypto market in 2017 and loss of jobs across the board, Block.one is hiring in 2019.

Many major blockchain projects and news outlets had to make job cuts throughout 2018 due to lack of interest and money being poured into the industry. It seems EOS is going strong, despite the dip.

According to CoinMarketCap, EOS is currently trading at $2.67 a share, up 0.11% in 24 hours.

Ethereum (ETH)

Ethereum had quite a bull run this past week and regained its second-largest cryptocurrency by total market cap spot once more. ETH is up over 11% for the week.

>> Ethereum will Hold Apple and Tesla Stock Next Week

Vitalik Buterin has been tweeting his opinions on government and the world lately, but not giving Ethereum updates. However, just before Christmas, the Ethereum co-founder reminded the crypto community of this:

Casper is an important progression in Ethereum, so positive movement none-the-less. The co-founder has never concerned himself with the price of ETH and has always focused on the tech. Proof-of-stake implementation on the Ethereum blockchain began back in June of 2018 and developers are steady at work advancing it.

According to CoinMarketCap, ETH is currently trading at $150 a coin, up +0.91%.

Will 2019 be a strong year for EOS and Ethereum (ETH) foundationally? We shall see!

Featured Image: Depositphotos © znm666

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Ethereum (ETH), EOS, and Litecoin (LTC)

Ho-ho-ho, looks like Santa put crypto on the nice list. Crypto is in the green today! We’re going to take a closer look at Ethereum (ETH), EOS, and Litecoin (LTC) to see if anything is going on with these coins.

Let’s dig in!

Ethereum ETH

At the time of writing, ETH is selling for $135.10, which puts the coin up 14.02% in the past 24 hours.

Ethereum
Source: CoinMarketCap

With a market cap of $14.06 billion, Ethereum is now the 3rd largest cryptocurrency, beat out by Ripple (XRP) not too long ago, and of course, Bitcoin (BTC) as usual.

The Ethereum team is currently looking for dApps that will have an impact on the economy and on communities across the globe by solving real-world issues. If you’re building a dApp for ETH that you think is worthy of the cause, then consider filling out the survey provided by the team. You might just have the next big dApp!

EOS

At the time of writing, EOS is selling for $2.68, which puts the coin up 13.03% in the past 24 hours.

Ethereum
Source: CoinMarketCap

EOS is the 5th largest cryptocurrency and has a market cap of $2.43 billion.

Like the Ether team, Block.one is also on the lookout for dApps being built on the EOS blockchain. People interested in sharing their EOS dApps are welcome to email the team at spotlight@block.one.

>> Coinbase President: Despite Bitcoin Price Crashes, 2018 was an Innovative Year

(Hands up if you’re developing an Ethereum or an EOS dApp!)

Block.one kicked off the holiday season with a laugh, uploading a behind the scenes blooper reel to its Twitter page:

Litecoin LTC

At the time of writing, Litecoin is selling for $32.57, which puts the coin up 14.23% in the past 24 hours.

Ethereum
Source: CoinMarketCap

Litecoin has a market cap of $1.95 billion and is currently the 7th largest cryptocurrency.

Charlie Lee recently announced that Litecoin has become the official cryptocurrency partner of the UFC. In honor of this, the Litecoin logo will be on the mat! Get ready fighters—it’s Litecoin coming in for the win!

Featured image: Pixabay

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