Binance Removing CLOAK, MOD, SALT, SUB, and WINGS: Industry-Wide Delisting Trend

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Binance announced today that it will be delisting CLOAK, MOD, SALT, SUB, and WINGS from its trading platform, citing reasons ranging from “commitment of the team to project” to “fraudulent conduct.” The move comes after the exchange’s removal of BCN, CHAT, ICN, and TRIG last October, and may indicate a broader industry trend. Binance Delisting Projects…

CEO of Dash: Cryptocurrency More Than a Bolivar Hedge, It’s a Way to Survive in Venezuela [Interview]

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Dash CEO, Ryan Taylor, says a few factors saw them enter the Venezuelan market three years ago, but the political situation has made their cryptocurrency a critical survival tool for many in the beleaguered country. Dash, a portmanteau of Digital Cash, has in many instances for the public in Venezuela become a way in which…

Analysis Suggests that 85 Percent of Monero Network is Dominated by ASICs

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Within the last 40 days, analysis suggests that Monero is once again dominated by ASIC mining, with 85 percent of the network hash rate coming from this specialized computer hardware. The author was able to detect this new wave of ASICs via mining nonce forensics. Background on Monero Monero is an open-source cryptocurrency created in…

Verge Founder Justin Sunerok Talks About the Future and Potential of XVG [Interview]

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Justin Sunerok, the founder and lead developer for Verge Currency, joined CryptoSlate for an interview yesterday. He answers questions about his motives, the project’s progress, and talks about the facts surrounding the coin’s earlier 51 percent attacks. Verge was created in mid-2014 by Justin (Vendetta) “Sunerok” Valo under the name DogeCoinDark. The coin was later…

Stably’s StableUSD (USDS) Scheduled for Listing on Binance Feb. 6th

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The Pacific Northwest’s StableUSD is scheduled for listing on Binance on Feb. 5th. Stably’s USDS is a cryptocurrency that aims to introduce additional transparency and reliability into a fiat-backed stablecoin. Binance announced that it will list StableUSD (USDS) on Feb. 5th, 2019 at 19:00 PST, Feb. 6th 03:00 UTC, for BTC to USDS and BNB…

Dash Merchant Venezuela Team Issues Response to Embezzlement Accusations

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Eugenia Alcalá, the CEO of Dash Venezuela, issued a statement following embezzlement accusations. Some in the community are still outraged. Meanwhile, the CEO apologized for delays in delivering its balance sheet and praised the team for its “positive achievements.” Dash Merchant Venezuela Team Accused of Embezzlement Dash Merchant Venezuela, the team tasked with increasing adoption…

Storm Play Launches Long Awaited iOS App for Microtasks

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The popular gamified microtask platform, StormX, has launched their long-awaited iOS app. To celebrate the milestone, Storm Play account holders have the opportunity to win prizes worth $10,000 in BTC, STORM, BNB, or ETH via the company’s Twitter competition. Cryptocurrency Freelancing Storm Play leverages blockchain to “empower the global workforce.” Storm Play lets users earn…

Interconnecting Blockchain Project ICON Makes a Push Towards Decentralizing Its Nodes

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ICON recently announced its major decentralization initiative. The plan will elect twenty-two node operators that will produce blocks, verify transactions, and participate in consensus. History of ICON ICON aims to design an “interconnecting blockchain network.” ICON (ICX) is engineering a solution to connect independent blockchains without the use of third-party intermediaries. This is done by…

ICO Firms Paid Themselves $24 Billion Absent of Accountability or Much Effort

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A BitMex report highlights the egregiousness of the ICO craze of 2017. Cryptocurrency companies were able to raise millions absent of accountability and with little work, and at the expense of likely unsophisticated buyers. The scathing report, released on Jan. 16th by BitMEX, on the ICO market in 2017-18 concluded token startups raised over $24 billion during…

St. Louis Federal Reserve Predicts ‘Flood’ of Altcoins Will Drive Down BTC Prices

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The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time. Also Read: Marshall…