Tag Archives: XRB

Nano Floats in a Sea of Crypto Red

Nano is the only coin in the top 30 by market cap to have gained significantly on a day when most cryptocurrencies have
fallen by high single-digits. At the time of writing, Nano (XRB) is up almost 20 percent to the US dollar and almost 25
percent against Bitcoin. At the time of writing, Nano is priced at $8.82. According to coinmarketcap, all top thirty coins
have fallen except Nano, Populous, and Tether, the latter two only marginally in the green. The coin is currently the 24th
largest, with a market cap of $1,166,932,553. Nano was rebranded from RaiBlocks on the 31st of January. It boasts transaction
speeds averaging just over one-and-a-half seconds, making it one of the fastest cryptocurrencies to send and receive. The
sender and the receiver conduct Proof-of-Work using a “block lattice” structure. This unique structure means that each
account, as determined by its public key, is itself a blockchain. XRB is fast, free, and minerless. Each user effectively
mines the coins as they use them. Nano boasts unlimited scalability, theoretically, and operates on a lightweight protocol.
The currency has endured a tumultuous start to the year. Given its unique structure, the ability for large-scale exchanges to
support it was limited. While now listed on kucoin and binance, some 30 percent of Nano volume was exchanged on Italian-based
BitGrail. The coin represented roughly 85 percent of BitGrail’s trading volume.

Reference: https://www.ccn.com/20-gains-nano-floats-sea-crypto-red/

NANO (XRB) Plummets after $170 Million Stolen on BitGrail

It was announced yesterday that BitGrail, the Italian cryptocurrency exchange, lost 17 million of the cryptocurrency NANO (XRB). To date, the hack is worth over $170 million USD. A week ago, RaiBlocks rebranded to Nano and jumped in price nearly 40% in 24 just hours.The rebranding was highly anticipated by most in the project’s community but not all were certain it would be the best move. Non-the-less, it seemed to have been a positive move until now. Nano provides fast, easy and free transactions on its blockchain. These transactions can be done on an app or your desktop computer, making it extremely convenient to use.

Reference: https://cryptocurrencynews.com/daily-news/nano-xrb-stolen-bitgrail/