Category Archives: Crypto Currency

Crypto Ranking Platform: CoinMarketCap

Almost everyone knows about CMC as it’s often been referred. It’s like the google of the web. CoinMarketCapranks cryptocurrency coins/tokens the total value of the project. This is derived by multiplying the price by circulating supply of that cryptocurrency.

The Coin Market Cap at a glance lets you know the value of each cryptocurrency. You also see an average price of the cryptocurrency on all exchanges. It has a column that displays how much volume of the cryptocurrency is being traded in the past 24hrs, and you also get to see the percentage increase or decrease as well.

Website: https://coinmarketcap.com/

Coinbase Overshoots 2017 Revenue Goal By 66%

America’s largest cryptocurrency exchange Coinbase reportedly made $1 billion in revenue in 2017, overshooting its 2017 revenue forecast of $600 mln by 66 percent, Recode reports, citing “industry sources.” According to Recode, despite the peaked interest of outside investors, the company remains private and does not allow stock to be traded on secondary markets.

The platform was swamped by an influx of new users looking to set up trading accounts as Bitcoin entered a massive bull run in November, 2017. Following the announcement of Bitcoin futures launch early that month on CME, Coinbase saw 100,000 new users sign up in just 24 hours.

Reference: https://cointelegraph.com/news/coinbase-overshoots-2017-revenue-goal-by-66-making-1-bln-rejects-further-vc-funding

Katy Perry has joined the crypto craze

Perry’s nails are now decorated with 3D images of five cryptocurrencies superimposed over a background of US dollar bills: the currencies are Bitcoin, Ethereum, Litecoin, Stellar and Monero. The singer did not disclose the reasons behind her selection.

The post – captioned “$—CrYpTo ClAwS—$” – has managed to amass over 150,000 likes.

Perry has also tagged the Instagram accounts of all five cryptocurrencies – ethereum_updates, litecoinofficial, bit, stellarlumens and moneroofficial.

Reference:
https://cointelegraph.com/news/katy-perry-posts-her-new-crypto-claws-on-instagram

Coincheck has lost $400 Million in NEM Coins Hacking

How do you lose $400 million in crypto currency? That’s the question that one of Japan’s biggest crypto currency exchanges Coincheck is trying to answer. Coincheck’s co-founder Yusuke Otsuka said 500 million NEM coins worth about $400 milion were sent illicitly outside the venue. The news has spooked investors in Japan, where many investors are still wary of crypto currency exchanges 4 years after the Mt. Gox collapse, which was the world’s leading Bitcoin exchange at time, and Mt Gox hacking and collapse had crashed the price of Bitcoin by nearly 90% at that time from $1000 to $100 within a week. This new loss in Jan 2018 is one of the biggest of investor assets since Bitcoin’s launch. Japan’s Financial Services Agency is looking into the case.

Reference:
https://www.bloomberg.com/news/articles/2018-01-26/cryptocurrencies-drop-after-japanese-exchange-halts-withdrawals