Bithumb, the second largest exchange in the world according to adjusted volume and South Korea’s largest cryptocurrency exchange is holding a “Super Airdrop Festival” to mark its 5th anniversary. A majority stake in the exchange was sold to the Singapore based BTC Global consortium, led by a chief plastic surgeon and avid blockchain investor Kim Byung-gun on 12 October for 400 billion won ($353.64 million). Bithumb announced the airdrop in celebration of the recent acquisition. Bithumb will regularly airdrop coins worth 100 million Won ($88,500) every day and investors who partake in this festival will be allowed to buy coupons and trade via the exchange.
This festival is only permitted to the top 300 traders, each operating with a different airdrop amount depending on the rank. The coupon cost amounts to 10000 won ($8.85) and the participants must trade for a minimum of 1 hour on the platform in order to qualify for the airdrop. Earlier in March, Bithumb announced an ICON airdrop from 21 March to 25 March specifically for members who trade in excess of 1 million Won ($885). ICON, hailed as the “Korean version of the ETH” shot up massively during the airdrop period. On March 18 prior to the ICON airdrop, the altcoin was priced at $1.62 and in the ensuing four days, the price of the crypto rose by a whopping 158.64% to $4.19. The market cap of the coin was as low as $636 million on 18 March and rose by a staggering 143.7% by 23 March to reach $1.55 billion. This month has been rather busy for the exchange, following the major deal with BK Global Consortium and the airdrop festival, the exchange has also added several cons to its trading services. Coins such as SALT [SALT], Raiden Network Token [REN], Enjin Coin [ENJ] and Primas [PST], Loom Network [LOOM] and BHP Cash [BHPC] were all added to Bithumb in the past few days. See also: South Korea’s largest crypto exchange Bithumb sold for $354 million
Bitcoin Cash price is moving within consolidation mode but demonstrating inherent breakout characteristics. BCH/USD has formed a bullish pennant pattern, which is subject to the bulls capitalizing on for further moves to the north. BCH/USD: Recent Price Behavior The Bitcoin Cash price has been trading in consolidation mode for the last few sessions. This came […]
EOS Weekly, a “Crypto Twitter” account supporting the ongoing development of EOS, published a video earlier this week in which it expressed concerns regarding the relatively large size of data stored on the EOS blockchain. In response to various criticisms of the design of the EOS network, Tim Sweeney, the founder of the main company behind Fortnite, a popular online video game developed by Epic Games, remarked (via Twitter): “What’s wrong with 4 terabytes (TB) for a global transaction ledger? That fits on a $200 hard drive.”
The transport and logistics industry in Italy is trying to integrate its operations with blockchain technology. Boston Consulting Group (BCG) believes that in order to achieve this, it is very important for all actors in the industry to collaborate in the formation of the system that will bring confidence and mutual benefits on the entire value chain.
Kyle Samani of Multicoin Capital, this week shared an in-depth analysis and valuation of Binance Coin (BNB). In fact, the report was so detailed that A recent report on Binance Coin $BNB was detailed that Binance CEO Changpeng Zhao described it as “almost scary.”
It is safe to say that the crypto winter that the industry has been going through has been painful and taxing to anyone involved. The value of Bitcoin has remained at lower levels since the end of 2017, and the rest of the altcoins have followed along. Pantera Capital, which is an investment group that centers around cryptocurrency in the Bay Area, says that the fundamentals are still strong, even if the prices are low. The startup released its February letter to discuss what they believe the future of the industry holds. Chief executive Dan Morehead said that, in many ways, the industry’s “underlying fundamentals are much, much stronger than they were in the 2014-2015 crypto winter.” He said the comment was basically due to the “impending institutional wave of money” that most experts believe is coming. The launches of the new products and exchanges like Bakkt, the crypto division of Fidelity, and ErisX should be considered progress and a catalyst for change, even if the prices do not
CasperLabs is a new startup in the blockchain industry, aiming to help create a new proof-of-stake (PoS) blockchain. The protocol is heavily associated with Ethereum, and the startup will be getting support from Vlad Zamfir in their new creation. Zamfir is a researcher from the Ethereum Foundation, and his role with CasperLabs will be that of the lead consensus protocol architect. His announcement confirms earlier reports that he is tied in with this blockchain startup. Right now, the plan for CasperLabs is to support the majority of the research that Zamfir performs on PoS so that they can release a “fully decentralized, sharded and scalable next-generation blockchain.” Zamfir added, in a discussion with CoinDesk, that he will be responsible for “producing protocol specifications” that “support the [CasperLabs] team” to help them understand the technology employed. Zamfir will not be taking on the coding of the blockchain however, as his role is purely for research purposes. So far,
The recent bounce in the value of many leading cryptocurrencies relative to fiat currency has appeared to comprise the first bullish action of several months. However, since bottoming out during the third quarter of 2018, many leading altcoins have made significant bullish moves against BTC.