Altcoins BitTube Swings Wildly – Up 87% in 24 Hours Published 3 months ago on June 5, 2018 By Greg Thomson The Money Makers Club now has 6 of 15 available seats. Learn more here! In the space of two hours this morning, the value of BitTube’s TUBE coin jumped 200% to a price of $0.45, before plunging back down again to the tune of around 35%. That leaves TUBE coins at a price of $0.279 against the dollar – still a near 100% increase on this morning’s starting price of $0.148. This morning’s peak of $0.45 is the highest value TUBE coins have ever reached, and marks a near 13% increase on BitTube’s previous high-point of $0.40 which came towards the end of April. BitTube launched in January of 2018, but didn’t start to register a market cap rank until March 16th. The general trend since then has been upwards, but not without some serious crashes. In the last few months alone BitTube’s chart shows a consecutive series of four peaks where TUBE’s value doubled, followed by the same number of troughs which saw its value halve again. It has been tumultuous, but ultimately profitable times for BitTube, and by this point their fortunes usually start to dip downwards again, but today’s activity points to a strong positive rebound following its spike then crash this morning. The vast majority of TUBE’s trading activity can be found on Upbit and Bittrex – each responsible for around 47% the trades with their TUBE/BTC pairs. The daily trade volume crossed the $10 million mark today. This represents a spectacular increase from its starting position of $19,000 this morning – equating to a 50,000% boost to trading volumes. Unnatural, or the Growth of a Platform? The sheer rate of growth in the last day is sure to set alarm bells ringing, but does the No. 404 ranked coin in terms of market cap actually have something to offer? Well, it’s possible when you look at their business model. BitTube targets the online streaming market and comes with the unique tag of being run via blockchain. Instead of earning rewards for your content from advertising, like YoutTube, BitTube rewards views with a portion of their mined TUBE coins. In this sense, the amount of views your videos garner acts as a marker for the amount of value you’ve contributed to the mining process. According to the success or lack thereof of the BitTube platform, the value of TUBE coins will fluctuate. Like most blockchain apps, the success of the coin itself will depend upon the popularity of the platform. The opposite is also true, and a strong trading day for TUBE may very well send a new hoard of users to the BitTube website – which will then benefit the system once again. Token BitTube’s hectic behaviour in recent months may fit in with monthly marketing trends, or may simply represent the growing numbers of users hitting the platform. The media presence for BitTube has been relatively low-key. Their platform launched without an ICO, and no pre-mining took place. The video streaming platform started life as IPBC (Interplanetary Broadcast Coin) before a rebrand in early 2018 saw it change to BitTube. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Greg Thomson 4.3 stars on average, based on 57 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home. Follow @HackedCom Feedback or Requests? Related Topics:Tube coin Up Next Loopring, Elastos and Ontology: Lesser-Known Altcoins on the Move Don't Miss EOS Launch Update: Clearing Up the Confusion You may like 3 Comments 3 Comments Carst June 7, 2018 at 8:53 pm Is it ipfs, a household name in crypto, or IPBC? Which I’ve never heard off. Log in to Reply Carst June 21, 2018 at 3:30 pm Greg could you please respond? You are making quite the error here. Bittube uses IPFS – to distribute the videofiles i guess – its not a rebrand of it (that was IPBC). If it would be a rebrand, i am sure bittube was much more popular. Log in to Reply Greg Thomson June 21, 2018 at 4:42 pm Apologies, you’re right. That’s a misprint that could only have been the result of an overworked mind. Thanks for commenting again. I’ll try and get that edited asap. Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. Altcoins Coordinated Pump Pushes Steem Coin Price Up 25% Published 3 hours ago on September 18, 2018 By Greg Thomson The Money Makers Club now has 6 of 15 available seats. Learn more here! Steem (STEEM), one of the native currencies on the Steemit social media platform, felt a 25% pump in the early hours of Tuesday morning shortly after a bug saw the site go down temporarily. Round about the same time a flurry of buy calls resounded around the Twitter ecosystem, urging traders to buy into STEEM in anticipation of the upcoming Hardfork 20, which is due to be implemented on September 25th. With Hardfork 20 now a week away, it appears that a pump and dump group may be trying to draw new hands into STEEM with the intention of dumping their coins when the price hype reaches an appropriate crescendo. Calling For Buyers Several posts like this one appeared on Twitter in the late/early hours of last night, urging followers to accumulate STEEM: “Accumulate $STEEM On Binance Its having HARDFORK on 25th sept price can go x2 soon !!” The buy pattern started late last night and peaked this morning between 09:00 and 10:00 UTC. By 11:00 UTC tweets like this celebrated the price pump and the assumed gains made for the account’s followers: “VIP members were told to buy #STEEM and hold. Btw it is 25% pure profit.” As anyone who has used Steemit will know, whenever a large price movement takes place the platform suddenly receives its own flurry of activity, as users try to figure out where the price is going to end up. STEEM prices affect the subsequent value of Steemit profile accounts, and exchanges like this one were common on the site this morning: Steemians, as the site’s users refer to themselves, will now be watching the run up to Hardfork 20 very closely. Hardcore users remain skeptical of today’s sudden rise in coin price, and naturally assume that pumpers are using Hardfork 20 as a trigger to make some easy money. Steem’s 25% Price Hike From yesterday’s low of $0.699509, STEEM rose in value to the tune of 25.9% en route to a valuation of $0.881178. That peak came at 10:00 UTC this morning, as trade volumes rose 261%, from $2.1 million yesterday to $7.6 million at the time of writing. The above tweets suggested Binance as the hub for STEEM trades, and around 27.5% of activity has originated from there, with STEEM/BTC the most popular at 24.7% alone. The most popular hub for STEEM trades, however, is Korea. Over 50% of the day’s movements have come from Upbit and Bithumb, where STEEM/KRW trades dominate. The STEEM price on Bithum even climbed as high as $4.27 at one point, however CoinMarketCap and other statistics aggregators have excluded this price from overall market readings. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Greg Thomson 4.3 stars on average, based on 57 rated postsGreg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home. Follow @HackedCom Feedback or Requests? Continue Reading Altcoins Stellar Acquires Blockchain Startup Chain to Form Interstellar Published 4 hours ago on September 18, 2018 By Sam Bourgi The Money Makers Club now has 6 of 15 available seats. Learn more here! The commercial arm of the Stellar Development Corporation has acquired a promising blockchain startup by the name of Chain, paving the way for possibly higher enterprise adoption of distributed ledger technology. The deal adds to Stellar’s credibility as one of the world’s leading blockchain companies. Chain Acquired Chain, a San Francisco-based startup pursuing enterprise grade adoption of blockchain technology in finance, has sold to Lightyear in an undisclosed cash agreement. Lightyear, the subsidiary of the Stellar Development Corporation, will be re-named Interstellar, according to official reports. Jed McCaleb, Stellar’s founder, will be the chief technology officer of the newly formed company, which he said should help companies build on the Stellar network. He adds: “Chain’s team has led the market for enterprise adoption of blockchain technology, which is a critical component of building a future where money and digital assets move over open protocols.” Interstellar’s new CEO Adam Ludwin explained how the newly merged company will work together: “Chain has worked from inside the enterprise while Stellar has focused on the network between organizations. As a single team we will have a complete view and set of capabilities to make value-over-IP a reality.” Chain is said to be a leader in the world of fin-tech, having built enterprise-grade blockchain solutions for Visa, Citigroup and Nasdaq, among others. With the merger, Interstellar will have access to Sequence, Chain’s powerful cloud solution that enables companies to monitor assets moving between private ledgers and the Stellar network. Previously, Chain had raised more than $43 million across multiple deals. Financiers included Capital One, Citigroup, Pantera Capital and Blockchain Capital. XLM Price Update Although the merger between Chain and Lightyear has not had a demonstrably positive effect on XLM’s price, the cryptocurrency continues to outperform leading assets such as Ethereum and bitcoin cash. The XLM price was down 4.4% on Tuesday but has gained 3.2% over the past seven days. By comparison, bitcoin has declined nearly 1% over that period while Cardano has lost more than 10%. Ethereum is trading in positive territory over seven days as prices recovered from 16-month lows. XLM, which is currently valued at $0.197, has declined roughly 12% over the past month. At current values, it has a market capitalization of $3.7 billion, placing it sixth among active cryptocurrencies. Bitbox is the most active market for XLM traders, accounting for more than 54% of daily transactions. Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Sam Bourgi 4.6 stars on average, based on 601 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts. Follow @HackedCom Feedback or Requests? Continue Reading Altcoins Kovri & Bulletproofs: How Monero is Improving Privacy Published 17 hours ago on September 17, 2018 By Nic Puckrin The Money Makers Club now has 6 of 15 available seats. Learn more here! Monero is one of the premier privacy conscious cryptocurrencies currently on the market. It makes use some of the most advanced technologies in cryptography and blockchain technology. These include such features as stealth addresses, transaction mixing and Ring Confidential transactions. These have made Monero (XMR) almost untraceable. Yet, “almost” is not good enough for the Monero community as they have strived to improve the protocol in their latest updates. These updates include the Monero Kovri I2P implementation as well as what are termed “bulletproofs”. These developments have been in the pipeline for sometime and we are starting to see them being actively rolled out. So what are they and how are they going to make Monero even more secure? Before we can delve into the technology, we have to take a look the current state of Monero’s privacy. Secure, Untraceable Digital Cash Currently, Monero is able to hide all details about a transaction. Making use of stealth addresses, they are able to hide the recipient’s and payers’ details from the rest of the network. They are also able to hide the amount that has been transacted. Making use of Ring Confidential transaction and transaction Mixin, information about future transactions is also hidden from the original sender of these funds. Therefore, a Monero transaction is probably the closest you will get to making a payment with untraceable bank notes. Monero USPs. Image source: Monero. However, there are two outstanding quirks that the Monero community was not 100% comfortable with. The first related to the potential of user IP address leaks and the other revolved around the inefficiencies of current Monero “Range proofs”. Kovri and IP Anonymization As mentioned, Monero is almost completely private. However, there was always a question that remained around the IP addresses of those who interacted with the Monero network. When you initiate a transaction on the Monero blockchain, your IP address is being exposed to the network. If there was a malicious actor, they could observe this event and log your IP address. This could create the potential for meta data analysis by large and determined adversaries. While this is a really difficult attack to complete, it is still a concern for some. This is the reason that the community has been excited about the release of Kovri and its potential to encrypt and route transactions through I2P (Invisible Internet Protocol) nodes. Technically, Kovri will make use of “Garlic encryption” and “Garlic routing” We won’t go into more detail about Garlic routing but one can think of it as a more secure version of the Onion routing. Onion routing is the current networking implementation that is on use in the TOR network. By using this routing protocol, your connection to the Monero network is masked and your IP address cannot be identified. According to the Kovri lead developer, Anonimal, the Kovri protocol will: “Essentially, we will be able to anonymise monero transactions even more than what monero is capable of doing right now, technically speaking, at the network layer” Kovri is currently in alpha release stage and there is still a great deal of testing that needs to be done. There are currently 48 contributors who are working on it and the project still has a healthy chunk of funding to move the project forward. BulletProofs and Lower Fees While Monero transactions are completely private, they are relatively inefficient. This basically comes down to the nature of Monero’s “range proofs”. Range proofs basically allow anyone to verify that a particular commitment represents an amount within a particular range without revealing anything else. These are needed in order ensure that transaction input and output amounts are positive. This may sound like a mouthful, but all you need to know is that these range proofs are essential components for the private transaction. However, the current range proofs on the Monero network are inefficient as they make up the bulk of the size of the transaction. This means that a great deal of mining resources goes towards verifying these range proofs and increases the cost of these transactions. This is where BulletProofs come in. Despite the catchy name, BulletProofs are the ideal solution to the Monero range proof problem. They scale in size differently to Monero’s current proofs and as a result, save space as transactions inputs and outputs increase. A full explanation of Bulletproofs is beyond the scope of this article but if you wanted to flex your intellectual muscles you could read the paper on it by Bünz, Bootle et al. The most important takeaway from the bulletproofs is the space that it saves in Monero transactions. For example, a simple Monero transaction that has two outputs is about 13.2kb in size. However, with bulletproofs the transaction is only 2.5kb in size. This is a full 80% reduction in size which will translate into a commensurate reduction in fees. Given that bulletproofs scale logarithmically, the space savings on these transactions are even more pronounced with multiple output transactions. In short, bulletproofs is a solution that all Monero users will notice immediately. So where in the pipeline are Monero bulletproofs? In July, Kudelski securities completed their audit of Monero compatible bulletproofs. While there were a few minor issues, it passed audit stage and was ready for implementation on the Monero test network. The first audit (by Kudelski Security) of Monero compatible Bulletproofs has, bearing a few minor issues, been successfully completed! https://t.co/qZk3FdhJ5L — Monero || #xmr (@monero) July 15, 2018 If all goes well in the testing phase, then the bulletproofs are expected to be released live on the Monero network in October. Conclusion Monero has proven itself to be one of the premier privacy coins on the market. The community is thriving and is comprised of some of the smartest and most privacy conscious individuals in the world. Of course, as Monero has garnered attention from government backed entities, so too have the risks increased for vulnerabilities and deanonymization. The Monero developers are well aware of this and are always looking for solution to improve on the Protocol. Kovri and bulletproofs are two really important improvements that will help cement Monero’s market leading status. We will keep a keen eye on the rollout of this technology. Featured Image via Fotolia Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Nic Puckrin 5 stars on average, based on 3 rated postsNic is an ex Investment Banker and current crypto enthusiast. When he is not sitting behind six screens trading Bitcoin, he is maintaining his numerous mining rigs. Follow @HackedCom Feedback or Requests? Continue Reading Recent CommentsDaniel Won on Did PCHAIN’s Times Square Marketing Ploy Fall on Deaf Ears?shajimanghat on Three Warnings of Warnings for the Buzzwordy Allure of “Decentralization”tkietvo on RChain Soars 95% As Testnet Hype Ramps UpGreg Thomson on RChain Soars 95% As Testnet Hype Ramps Uptkietvo on RChain Soars 95% As Testnet Hype Ramps Up Crypto Update: Downtrend Looms for Binance Coin Market Update: U.S. Stocks Fall as Trump Set to Un... Good Crypto News: What It All Means Kovri & Bulletproofs: How Monero is Improving... Crypto Update: Monday Selloff Drags Majors Lower Stellar Acquires Blockchain Startup Chain to form... ICO Analysis: HighIoT Enroll Now! 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