Category: Crypto News

Red Pulse is slated to be the first ICO that will use NEO to fund itself. Today, it announced that due to stricter ICO regulations, the Chinese citizens will not be allowed to take part in the Red Pulse ICO. Being the first ICO to use Neo, it means no skyrocketing of Neo like Ethereum this year. This is extremely bad for the Neo that was meant as the launchpad for ICOs. Ethereum is often used for funding the ICOs and this was massive chance for Neo to prove itself and replace Ethereum for funding.

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Ripple team was there in China to have a meeting with Central bank of China to make cross border payments more seamless. Ripple’s official twitter account sent out a tweet regarding this and this caused the price to jump from $0.19 to $0.24. However, it shall be noted that China has strict stance on banking and fintech sector since the Chinese government consider these sector to be on national security’s priority list. So if a company does not have more than 51 percent Chinese shareholder, they would not be allowed to operate in China.

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Hshare started its life as a small crypto currency coin and has been trading around 20 dollars from quite sometime. It had extremely small marketcap of 20 million dollars. Today, the company gave everyone 500 times the amount of Hshares they had. The thing is – each coin should technically be worth $0.04 but the market hasn’t reacted to the supply change. This can be explained like this – Imagine you are the first one to do the trade after your balance got multiplied 500 times and the bid book has not reset you to the new prices.

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If you cannot afford a NEO hardware wallet or do not like their idea, you can still safely store funds on a NEO paper wallet. This is similar to Litecoin and bitcoin paper wallet. Here is how NEO paper wallet works – you send the funds from your current wallet to public address of NEO paper wallet. Once you have done it, you can track your funds at https://neotracker.io/ which is a blockchain explorer. If you wish to send it to another wallet, use the private key to log into NEO desktop wallet and send the funds.

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A developer on Neo’s reddit page has confirmed that he has started working in making Ledger Nano S work with Neo wallet. Hardware wallets are extremely popular among people who want maximum security for their crypto currencies. If you are planning to store a large amount of Neo, going for hardware wallet like Ledger Nano S is a wise investment.

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Exodus wallet has added District0X crypto currency which is one of the most popular crypto coin wallets out there. This is a big news for this new currency which is gaining traction rapidly. However, keep in mind that this is the Exodus EDEN which is a special version created by the Exodus’ developers to test out new crypto currencies.

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Charlie Lee, who is the founder of litecoin has announced on his twitter account that he is testing lightning network on the mainnet. Bitcoin has already locked in segwit. You can now expect announcement of atomic swaps between litecoin and bitcoin anytime soon. This pumped the litecoin’s value to $55 for few minutes but it later came to 50 dollar.

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Bytecoin BCN is the first crypto currency that is making its way in Temples in India. They are now happy to accept donations in Bytecoin. This started when the Sikh gurudwaras in major cities of India started accepting bytecoin. Report says that the temples are happy accepting the donations in bytecoin. The cash generally sits idle with them which served no purpose. Being a non-profit organization, the government prohibits them investing the donation funds. By making use of Bytecoin wallet, they can benefit from price increase.

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ATB Coin is one of a kind blockchain based network that is designed to deliver amazingly fast, secure and near-zero value transfer. Lightning network allows the ATB Coin to transfer countless payments in one single second. This makes it ideal for both large and nano payments. ATB Coin not only offer POS and Lightning network but is also beefed up with SegWit which gives the entire blockchain improved scalability. It also enables execution of smart contracts and lightning network as mentioned above.

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IOTA crypto coin has enjoyed excellent growth over the past few weeks, both in terms in value and supporting myriad research projects. The main vision behind Tangle, which is IOTA’s ledger protocol has been its zero fees feature and unlimited scaling. Now, the company has unveiled Flash Network which is a protocol layer that works in conjunction with the Tangle.

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