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Did you ever think about that how many currencies in the crypto market are using animals as their mascots??? Well, I don’t think so.

Today’s article is about top five altcoins with animals – by the way, all mammalian as mascots. Few coins are still active, whereas others are either past or resting at the pet mausoleum.

DogeCoin:

Dogs are the well-known devoted animal to humans. Nearly everyone has dogs as a pet. So, we will start with Dogecoin. In addition, this coin’s mascots are a specific dog – it is a doge, a Japanese Shiba Inu named Kabosu based actual meme dog.

Doge – a dog, not only a coin – became common in 2013. But, now no need to describe it more. Nonetheless, if you were living under last four years: the meme is a Shiba Inu picture with captions. These captions are decisively grammatically inappropriate. And, are assumed to reproduce the dog’s thoughts. Isn’t scary and such insecure, for example.

At the end of this year, Dogecoin was launched as Joke currency. This idea was belonging to the Billy Markus from Portland Oregon. Joke currency or not? but Dogecoin is still alive with the market cap of $344million.

TrueFlip:

A dolphin wearing glasses and a top hat. We know dolphins are intelligent and vastly social animal around the world. They have friendly nature and also trained to save lives of some people.

Basically, TrueFlip is a worldwide famous platform where you are allowed to buy tickets and win prizes in digital currencies.

Bitcoin blocks random hashes are openly used to draw some numbers for lottery and code used to run the game. This firm’s aim is to become world’s popular blockchain lottery. If this occurs, its jackpot would be high as $8 million worth of Bitcoin or maybe more.

altcoin exchange

NyanCoin:

We have another meme coin and this is Nyancoin, created on Nyan cat meme, an archenemy of dogs.

Nyan cat was turned to crypto-market early in 2014. Moreover, this word was derived from the Japanese word for cat’s meow. After a long relaxed, Nyan comeback this April with the market cap $394,000.

PandaCoin:

So, we are moving toward China now. Where we find big fluffy Pandas, who became the mascot. PandaCoin was launched on 14 February 2014, and now its market cap is around $1.5 million.

NeuCoin:

Fine, NeuCoin is a newbie to the world of altcoin exchanges. A blue squirrel NeuCoin’s mascot was belly up in late 2016. Just like a quick and small animal, the squirrel needs strong effort for effective ICO, who has a direct focus on tipping and micropayments. NeuCoin combined two games on one platform Facebook: Solitaire Racer and SongQuest.

So, Who’s next?

After the research, we can say that altcoin with animal mascots are on the way of fame. It is depending on the acceptance of the coin among the community.

 

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Myth Debunked As Elon Musk Claims He Is Not Satoshi Nakamoto

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On November 26, 2017, a news came out about a former SpaceX employee claiming that Elon Musk was “presumably” Satoshi Nakamoto, the creator of Bitcoin. Bitcoin was established in 2008 and claimed under the pseudonym “Satoshi Nakamoto”, the rumored holder of more than one million Bitcoins.

The secret of Satoshi has been a hotly debated issue in the digital currency world, with entrepreneurs regularly claiming and denying responsibility. Many individuals jumped at the opportunity to get a reaction out of Musk, with very little success on the first day.

In under 48 hours, the news reached Musk, who swung to Twitter to expose the claims in true Musk way:

“Not true. A friend sent me part of a BTC a few years, but I don’t know where it is.”

Image credits: cryptocoinsnews.com

The gossip started from this Medium post from Sahil Gupta, a student at Yale University and former intern at SpaceX. Gupta’s post was widely covered over media, bringing together a blend of supportive and skeptical responses. Normally, the dominant part of reactions was doubtful:

“Obviously, and on the 7th-day Musk rested.” – Phil Thompson

“Musk is a serial self-promoter. Had he come up with anything 1/1000 are groundbreaking we’d have known about it.” – Frayed_Knot

“I will debunk this right now. There is no way Elon Musk is Satoshi. He would never create a currency system that uses so much energy. One bitcoin transaction uses the amount of power an entire home uses in a full week. No way would he impact the environment like this.” – Adam W.

“Yes and no doubt one of his P.R. companies facilitated this article.” – Dave

The last comment can be easily exposed. Yes, Musk is capable of many things, but it is safe to say that he didn’t create Bitcoin.

With Musk’s latest response, the secret of Satoshi lives on and stays to be one of the best mysteries in the crypto world.

 

STORY AND IMAGE CREDITS: CRYPTOCOINSNEWS.COM

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Can Bitcoin be compared to Dot-Com Bubble?

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Many people ask that what actually is bitcoin, an investment or a dot com bubble? Many of us may not have forgotten the dotcom bubble which took place in the 2000.

What is the Dotcom Bubble?

The dot com bubble also known as the dot-com bust was a period that occurred from 1997 to 2001. It was in fact an era when the use of Internet fastly grew in terms of various businesses. At that time a lot of internet-based business companies were founded. Such companies were commonly referred to as dot-coms. Unfortunately, a great number of such companies failed with a total loss of all their assets e.g.; companies like Pets.com and Webvan, were a complete failure facing an ultimate shut down. Some stronger companies had to face a decline in their stocks such as Cisco and Qualcomm. These companies lost a large portion of their market share but somehow survived. Even some companies such as eBay and Amazon.com recovered and later on surpassed their lost stock level.

dot com bubble

Future of Bitcoin according to Morgan Stanley

Morgan Stanley is a famous financial firm providing investment banking, wealth management services and securities etc. Recently the performance graph of Bitcoin was strongly criticized by the senior members of Morgan Stanley, some of them even compared it to the dot-com era.

Sheena Shah, a market strategist from Morgan Stanley presented a research report and, in that report, she showed a lot of disappointment with regard to the future of bitcoin. According to Sheena Shah, there are a number of similarities between the tech-laden dot-com era and the rise in price ratio of Bitcoin. Even an accurate comparison was made with that of Nasdaq which took place in 2000.

Sheena Shah stated that the Bitcoin price weakness had a great resemblance with the Nasdaq in 2000.

Basis of Morgan Stanley’s analysis

The bearish market trends faced by bitcoins during the past few years are the basis of the above-mentioned strategy. Bitcoin has faced four major bearish markets since its debut in 2009. Each of these bearish market trends lasted for an average of five months. During those periods the price of bitcoin dropped from 30% to 90%. All that period was like a worst nightmare for the investors.

Even the worst downfall was of 70% at the end of 2017. According to some analysts, the current bearish market trend could proceed further. No doubt, it will be an alarming situation for the investors of bitcoin and all the the other major forms of cryptocurrency.

Sheena Shah also showed her concern about the trading volume of bitcoins which had a great similarity with that of the Nasdaq.

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Digital currencies like bitcoin are coming (and it’s a good thing): Juan Llanos at TEDxMidAtlantic

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Second-Largest Stock Exchange of Germany Releases Crypto Trading App

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The second-largest stock exchange of Germany, Börse Stuttgart is going to launch a crypto trading app by the end of this year. Sowa Labs, which is a subsidiary of Börse Stuttgart revealed the application on Friday, and said, the app would be available for use from September; also, the app will provide trading support for the following cryptocurrencies:

  • Bitcoin
  • Ether
  • Litecoin
  • XRP

The official website of the app also says that more assets will be coming soon. The app is called “Bison,” and users will be allowed to download it for free. According to the developers of the app, Binson will not charge additional trading fees. Plus, the app’s prototype will be demoed in Stuttgart during a trade-show this week.

cryptocurrency stock exchange

Crypto Trading App

The app is initially designed to offer easy means for investors so that they can gain exposure to the crypto markets. According to the Sowa Labs, the Bison app is going to be the first cryptocurrency trading app that is being supported by a stock exchange and will be the first one to be released by a German company as cryptocurrency stock exchange.

The managing director of Sowa Labs, Ulli Spankowski, said in a statement:

“Bison makes trading in digital currencies easy. It is the first crypto app in the world to have a traditional stock exchange behind it.”

Last year, the exchange developed Sowa Labs, in the month of December and took 100% of its interest in the Ulm-based startup. Even though the accurate figure hasn’t been known, some reports say that the price of the acquisition was in the millions of euros. The progress also shows the current instance of a traditional stock exchange going into the cryptocurrency trading game via subsidiary.

The operator of TMX (Canadian stock exchange company), announced last month that its very-own subsidiary had ‘struck a deal’ for setting up a cryptocurrency brokerage. The brokerage will focus on; bitcoin and ether and will be set to launch in the middle of 2018. The prototype for Bison was unveiled at Invest, which is a German finance and investment trade fair. Reports say, the German version of Bison is scheduled for release in autumn, and after it gets lauched, Börse Stuttgart will announce an English version of it.

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Ethereum Hits a New All-time High While Bitcoin Market Share Slips to Below 50 Percent

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Ethereum’s price made the headlines on Tuesday as news of it hitting a new all-time high circulated the web. On the other hand, Bitcoin’s market share dropped below 50 percent for the first time in over a month.

From $19,130 on Monday to $18,191 on Tuesday morning, bitcoin’s price declined by nearly $1000. A 5 percent decline was observed within 24 hours which reduced bitcoin’s market cap to $304.7 billion. While the reason is still unsure, it is observed that the global average bitcoin price has hit $20,000 in several instances unlike the BTC/USD in major exchanges such as Bitfinex and Bitstamp.

Ethereum Takes the Crypto-Verse by A Storm:

As for Ethereum, it had been hovering around $300 for quite some time while Bitcoin was surging. But, the cryptocurrency took December by a storm and ripped the charts by surpassing $800, first touching at $882 then finally settling at $824. Showing a 24-hour gain of 12 percent, with a market cap of $79.5 billion.

Bitcoin Cash Following Closely Behind at $2,500:

Ethereum was not the only altcoin to shine at bitcoin’s fall-out, bitcoin cash price showed an impressive rally of 21 percent. Enabling the altcoin market to rise by $25 million and making their combined valuation to touchdown at $300 billion for the very first time.

By Tuesday morning, bitcoin cash’s price had settled down to $2292 and a $38.7 billion market cap.

In addition, Ripple and Litecoin were also one of the lucky altcoins to benefit from bitcoin’s expense by experiencing an increase of four percent and seven percent respectively. Ripple’s market share now lying at $30.5 billion and Litecoin’s at $18.7 billion.

Surprisingly, besides Bitcoin, the rest of these altcoins had experienced a great rally on Tuesday. While none of them have actually been successful enough to throw off the biggest cryptocurrency, they’re set out to be great competitors.

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