⭐ Features Alex Morris

DOBI Trade Review: Safe Cryptocurrency Exchange or House of Cards?

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Under the veneer of a safe exchange, DOBI Trade hides inflated trading volumes that need a more thorough review. Read our review to find out how safe DOBI Trade is
DOBI Trade Review: Safe Cryptocurrency Exchange or House of Cards?
Contents

DOBI Trade General Information

DOBI Trade is a little-known Chinese exchange that started operating in May 2018. Apart from its website, the exchange also has an Android app.  

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Unlike major crypto-to-crypto exchanges, DOBI Trade only features a small number of cryptocurrencies, but new coins are being constantly added there. This digital asset trading platform has rather strict listing rules to ensure investor protection. Its listing conditions include regulatory compliance, a certain degree of innovativeness, and an active user base. On Oct. 24, for instance, DOBI Trade also listed the TaTaTu coin embraced by Hollywood’s A-lister Johnny Depp. As U.Today reported earlier, the superstar has joined a Blockchain startup in order to democratize the movie industry.

Still, while having very little assets, DOBI Trade trumps many major exchanges by the level of liquidity — this is the 5th biggest exchange in the world by daily trading volumes. Anyway, this is a rather questionable success which many experts believe to be a direct result of wash trading.

Apart from being a cryptocurrency exchange, DOBI Trade is also a cryptocurrency ATM manufacturer and even presented mining watches. Shenzhen, its parent company, puts emphasis on empowering financial technology services with the help of Blockchain technology.  
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With that being said, DOBI Trade remains just a little-known Chinese cryptocurrency exchange, and it has an abysmal 28 rating on scamadviser.com which analyzes ownership details, the location of the site, popularity, and so on. Hence, U.Today will help you determine whether DOBI Trade is really worth your attention.

Setting up a DOBI Trade Account

Creating an Account

Obviously, the first thing that you want to do is to create a new account with this website. Click the “Register” button at the top right corner of the screen to see a pop-up registration form where you have to enter your email address and come up with a secure password. Alternatively, you can register with your phone number. Once you’ve done that, make sure to open your confirmation letter with a link.
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After successfully completing the registration process and logging in to your account, you can see the home page of this exchange. The interface of DOBI Trade doesn’t have any special features that are worth pointing out — it looks like an armada of other fledgling Chinese exchanges that struggle to find their niche in the maturing market. Nevertheless, it is worth mentioning that the site is quite informative: the front page features all the recent announcements above the chart with the latest price swings. However, all the guides that are present on the site are written in broken English which is hardly understandable.

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Security

Now that we’ve covered the process of creation of an account, let’s have a look at some major security features offered by DOBI Trade. They do not require you to enable 2FA authentication, but you can enable this function in the account settings. Before that, you have to install Google Authenticator, a multifactor mobile app that generates timed codes for every log-in attempt.  
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To enjoy all the functions of the exchange, you also have to complete the know-your-customer (KYC) verification procedure. It’s a mandatory rule for all regulatory compliant exchanges that help to prevent many cases of money laundering, terrorist funding, and other illicit practices. All newly registered users have to verify their identity by uploading a photo of their passport (both front and back). The following types of documents are accepted on DOBI Trade.

  • The Chinese Mainland ID Card (for the residents of China)  

  • Passport or Foreign ID Card (for foreign users)

  • Driver’s license

Just like any other exchanges, the user who wants to get their identity verified has to hold a photo together with a piece of paper that shows the address of the exchange (dobitrade.com).

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NB: DOBI exchange usually approves accounts in 24 hours.

Those who want to engage in trading on the DOBI trade exchange have to set a trading password. Go to “My Account” and click “Set” in the corresponding section. This is an extra security measure that will help to enhance the protection of your funds.  

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Adding payment methods

DOBI Trade is a crypto-to-crypto trading platform, which essentially means that debit card payments are not allowed there. First, you have to purchase Bitcoin (or any other digital asset) on Coinbase or any other fiat-to-crypto exchange, and then you can deposit money here.

Depositing and sending cryptocurrency   

In order to deposit money, you have to go to your account setting and choose the “Deposit” option. In the newly opened window, you have to choose the currency you need in order to generate the corresponding wallet address (not all cryptocurrencies are available for payments at the moment). This is the address of the recipient that you have to enter in your cryptocurrency wallet from where you are planning to transfer the earlier specified amount of funds. It could be any fiat-to-crypto exchange where you have already bought cryptocurrency with fiat money or a cryptocurrency wallet. Once you’ve sent the money, it will be automatically deposited to your DOBI Trade account.        

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In order to send funds to your wallet, simply choose the “Withdraw” section that is situated right below the previous one. The modus operandi is similar — pick the coin that you want to withdraw and then specify the amount of payment that has to be sent to your wallet.

NB: It is mandatory to undergo the verification process if you want to withdraw funds (the detailed instruction has been given above). On top of that, you also have to set a trading password.   

How to Use DOBI Trade

Now, we will review the main page of DOBI Trade, trying to determine its main feature. The home page features all the following sections.

  • OTC (over-the-counter trading)

  • Exchange (the actual cryptocurrency exchange where you can purchase and sell cryptocurrencies)

  • User Guide (the instructions about how to use this platform)

  • Announcement (the most recent news and upgrades)

  • About Us (guides and more information pertaining to the modus operandi of the exchange)

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Their OTC trading platform is designed for purchasing cryptocurrencies with fiat money (you can also deposit cryptocurrencies). The list of available fiat currencies includes the Chinese Yuan (CNY), the Indonesian Rupiah (IDR), the Malaysian Ringgit (MYR), and the Thai Baht (THB). Similarly to peer-to-peer exchanges in the likes of Paxos and LocalBitcoins, you simply post your offer with detailed instructions. Neither the US dollar nor Euro is accepted there, so it is obviously not suitable for US traders. Hence, the website is Chinese-only, but those who still need to use this service can always resort to Google Translate. If you are interested in their over-the-counter trading solution, follow this detailed instruction which has been outlined on the DOBI Trade official Medium blog.       

In order to start trading, you have to choose the “Exchange” section. Similarly to any other cryptocurrency exchanges, it features a TradingView-powered candlestick chart that displays most recent price fluctuations. It offers many drawing tools for high-profile traders to perform an in-depth technical analysis, such as the Shiff pitchfork and the Gann Box, a rather powerful instrument for detecting recurring price cycles. Your trading history is displayed right below the graph.

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Meanwhile, you can see detailed information about the most recent price swings at the top of the screen after choosing a necessary trading pair in a drop-down window. There are three base currencies — BTC, ETH, and DOB — that form trading pairs with all available assets. According to CoinMarketCap, the EOS/BTC and ETH/BTC pairs are responsible for almost half of the exchange’s daily trading volume.
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Purchasing Cryptocurrency

If you want to purchase cryptocurrencies, pay attention to the “Buy & Sell” section at the right bottom of the page. Once you’ve chosen the trading pair you need, simply fill out the form with necessary information. First, you have to specify the price at which you want to purchase the currency and then enter the number of coins. Once you’ve created an order, you have to wait until it gets executed. The list of all orders is displayed on the right.
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DOBI Trade Fees

The Chinese exchange has the following fee structure:

Type of transaction  

BTC  Market

ETH  Market

NEW  Market

DOB  Market     

Buy

0.1 percent

0.1 percent

0.3 percent

0.2 percent

Sale

0.1 percent

0.1 percent

0.3 percent

0.2 percent

When it comes to DOBI Trade’s fee structure there is no differentiation between market makers and takers. Instead, there is a flat fee that is set at 0.3 percent. Notably, the exchange doesn’t charge any fees for deposits but has a 0.5 percent fee for withdrawals (in any currency).   

Transaction Limits & Liquidity

There are withdrawal limits in place, but the DOBI Trade guides do not specify what maximum amount of payments can be sent to a user’s wallet. In case the user exceeds these laminations, the funds are checked manually, and the withdrawal might be delayed.     

Customer support

According to their official website, they do have customer support, but you have to wait for the reply for up to three days. Hence, there is not much to be said about their customer support since it is clearly very slow. All the help requests should be sent to the exchange’s official email address — [email protected].       

Pros: Does It Bring Anything New to the Table?

Let’s jump into all the major advantages of this exchange.

  1. High level of security. DOBI Trade allegedly offers top-notch anti-fraud technologies and innovative encryption techniques. Moreover, they have strict verification rules.

  2. Liquidity. The exchange boasts a global user base and high trading volumes. However, this claim is rather misleading (U.Today will later explain why its gargantuan trading volumes shouldn’t be taken seriously).

  3. A high speed of payments. DOBI Trade claims that is it able to process up to 10,000 transactions per second.  

  4. Numerous partnerships. The fledgling Chinese exchange is trying to gain traction by teaming up with numerous Blockchain startups. One of its most recent deals was sealed with AirWallet, a decentralized wallet application. DOBI Trade has also partnered with a Chinese technology company Chuangyu which aims to propel the growth of the burgeoning Blockchain industry.

Cons: Suspicious Trading Activity and More

DOBI Trade, the exchange which at the time of writing this article only has 629 subscribers on Twitter, has recently made it to the list of top five biggest exchanges by trading volume, surpassing Huobi by about five mln. The website traffic also doesn’t help — it has an Alexa rank of 47,318 with Indian traders allegedly being its core audience. Of course, these are clear indicators of inflated trading volumes.

Similarly to BitForex and FCoin, DOBI Trade is artificially increasing its trading volumes by means of offering transaction mining rewards. Critics believe that such a controversial practice is a salient example of wash trading — when the same asset is traded multiple times to somehow inflate market activity.

On that metric, DOBI Trade, BitForex and Liquid stand out as having reported transactions many times larger than website visits (see the above chart for more details),” – Bloomberg.

In fact, DOBI Trade goes as far as surpassing all other platforms by wash trading, as the graph below shows.

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DOBI Trade has also recently made headlines because of skyrocketing Litecoin volumes on this exchange: DOBI Trade alone was responsible for 26 percent of its daily trading activity. For comparison, only a minuscule 1.6 percent of Litecoin trade was recorded on Coinbase Pro, the most popular cryptocurrency exchanges in the world. Really makes you think!  

Other major minuses of DOBI Trade include:

  • relatively high fees (as mentioned above, there is a 30 percent flat fee);

  • broken English (some of their guides are hardly readable while the OTC section doesn’t support the English language at all);

  • a small number of coins;

  • poor customer support.   

Conclusion

Any good things about DOBI Trade are easily outshined by its rampant wash trading the purpose of which is to lure gullible investors. While the exchange does offer high liquidity, it is not trusted enough to be your primal choice for a cryptocurrency trading platform since this relatively young Chinese trading platform doesn’t bring anything particularly new to the table. Our consensus is that unless you want to become their 630th subscriber on Twitter, there are far better choices.

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Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?

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Bitcoin has been pronounced dead multiple times in its 10-year life; its recent fall brought about another obituary, but why is it that Bitcoin is NOT dead?
Bitcoin Obituaries Keep Rising But Why Is Bitcoin Still Not Dead?
Contents

A popular site called 99Bitcoins keeps a close eye on the number of times that Bitcoin has been declared dead in the mainstream media. Currently, it has accrued 336 obituaries for the digital currency.

The latest drop in the price of Bitcoin, which took it from the mid-$6,000 mark down to near on $3,000, sparked fresh panic and capitulation as many believed that the cryptocurrency had had its last days.

There were concerns over its utility and usefulness, as well as the potential for a so-called death spiral in the mining of Bitcoin as many miners shut up shop. Yet, Bitcoin continues to exist, and at time of writing, has bounced back to over $4,000.

So what is it that is keeping Bitcoin alive? It has no CEO, no company headquarters, and because of its decentralised nature, has no one to drive it to keep it alive; it relies solely on those who are interested in it.

The underlying blockchain

Bitcoin, or cryptocurrencies in general, have a very special relationship to their underlying technology, blockchain. They are of course dependent on each other to operate, but they also move independently of each other in many respects.

Blockchain is advancing in a very different path to that of Bitcoin, but it was Bitcoin’s initial explosion in the mainstream financial space that made people take blockchain seriously.

Now that the cryptocurrency bubble has essentially burst, there is a lot less hype and interest in it. However, blockchain, the technology behind it all, is getting a chance to come out and shine for its technological reasons alone.

For this reason, Bitcoin is still very much relevant. Blockchain progression is building steadily, and solidly, and because of its adoption across all centres, people still appreciate the usefulness of a digital token.

Bitcoin, as the major digital token that encapsulates all the main points of cryptocurrency and blockchain — such as decentralisation and transparency, and of course distribution — is the epitome of a functioning token economy.

Manageable mining

Another reason why Bitcoin hasn’t totally capitulated is because of its built in mining difficulty adjustment. Many people feared that Bitcoin could go under if the miners, an important part of any proof-of-work cryptocurrency, decided to abandon Bitcoin because of the increased difficulty and the loss of profitability.

Indeed, when the price dropped significantly in November, many miners did shut down and the hash rate also fell. But, because Bitcoin has a built in adjustment, the lower hash rate caused the mining difficulty to increase, and thus caused profitability to increase again, enticing miners back.

With more miners mining, there was increased health and activity on the blockchain, which leads to better interest and investment in the markets. This, in turn and in a compound way, then helps boost the price and drive more miners back in, again increasing profit and price.

Shedding the speculators

There is also a big difference between a burst speculative bubble and the death of a market. Some markets can be destroyed by the bubble pop, but in the case of Bitcoin, it is mirroring the dot com bubble because it has a similar nature.

With its underlying blockchain equitable to the internet, and the ICO hype and other factors equitable to Dot Com companies, one can see that this type of burst bubble is a chance for Bitcoin to shed its foolish speculative investors, and allow for those who are serious and successful to rebuild the market based on the important technology underneath.

Bitcoin will continue to be called dead, and erroneously so because it has only hit the mainstream in the last 18 months or so.

However, if one is to zoom out a bit, one would see that an investor who bought Bitcoin two years ago rather than, say, one year ago, would still be over 300 percent up on their investment.

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GameCredits Bittrex Review: The Detailed Guide for Beginners

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GameCredits (GAME) is an in-game payment platform that is poised to become a major disruptor in the multibillion-dollar gaming industry
GameCredits Bittrex Review: The Detailed Guide for Beginners
Contents

GAME (a.k.a. GameCredits) is an innovative cryptocurrency that has been very popular within the international gaming community. Thanks to the recent strategic partnerships with Microsoft and Xsolla, the team behind GAME crypto managed to achieve the incredible leap in promotion of this cryptocurrency.

Why should you exchange GameCredits on Bittrex?

There are so many exchange services out there. Why should you use the services of Bittrex in order to exchange or trade your GAME coins? The main advantage for beginners — Bittrex has never been hacked unlike other large platforms. Since 2017 all user accounts of this U.S. exchange service are solidly protected.

Also, this project implements the multi-level wallets strategy. About 90% of customer funds are stored offline. 2-factor authorization is offered for users (in particular, for withdrawal of their funds from wallets). If it is not activated, the exchange sets certain limits on withdrawals.

Features of Bittrex for GAME users

Bittrex offers a modern trading platform that is always accessible offline. If you type GAME in the search field on the main page, you will instantly see the chart with prices changing in real time. For example, currently (5th December 2018) you may see that the price of 1 GAME in the pair USD/GAME on Bittrex is $0.07.

Below the chart is a window with platform’s apps. The platform is designed for both beginners and experienced traders. You may check the possibility of a thorough technical analysis of any assets using technical indicators is implemented.

By default, an algorithm for calculating volumes is set straight on the chart of GAME/USD and GAME/BTC. The site features 450 currency pairs traded with Bitcoin. There are quite good trading opportunities with both BTC and ETH for GAME owners.

However, Bittrex does not have currency pairs with fiat money. Buying Bitcoin, Ethereum or Tether is possible by bank transfer. In order to use this service, you must pass the account verification. Traders have the opportunity to open different types of orders.

For example, they can buy GAME and other available assets at the market price or choose pending orders for the purchase of a particular cryptocurrency at the desired value. The only drawback - Bittrex does not offer any margin trading.

Deposit and withdrawal of GAME funds of the Bittrex exchange provides wide opportunities for those who want to replenish their account and withdraw money from it with GAME cryptocurrency. Two stages of verification actually mean that the base level is the inclusion of 2FA and filling in the "About me" fields. To withdraw more money (more than 4 BTC), full verification is required.

Currently, there are two types of accounts on Bittrex:

  • Basic. Users provide name, address of residence, indicate the date of birth. This data is verified through open sources (social networks, for example). However, if security officers of the company fail to verify the information, more detailed verification will already be required with the participation of the user;

  • Advanced. To open such accounts, the user must provide scanned copies of identification documents along with a selfie attached;

How to buy and sell GAME on Bittrex?

According to almost any user’s review of GameCredits on Bittrex, the website offers the opportunity to trade market and limit orders. The first allows you to buy a cryptocurrency at the current price at which it is offered on the market.

Let’s suppose, GAME coin is worth $1. A user wants to buy it and is ready to pay that price. In this case, he chooses a market order, enters the volume of the transaction and presses the “Buy” button. If the user already has bitcoins and he wants to sell them, at the same time, the current price on the market fully suits him, this can also be done by placing a market order, only for sale.

Fees for services here are considered average for the global market. Bittrex charges 0.25% commission for all transactions. At the same time, payments from traders can be reduced depending on the time of the user’s trading status.

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Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?

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The government of India is exploring the possibility of legalizing crypto and regulating exchanges
Gov’t of India Reportedly Plans to Regulate Crypto, What’s the Motive?
Contents

Several local publications have reported that the government of India is exploring the possibility of regulating crypto.

At an official government meeting hosted by the interdisciplinary committee, a task force led by members of the Ministry of Economics and information Technology and the Ministry of Home Affairs, the committee ruled in favor of regulating cryptocurrencies with strict policies.

Sudden Change in Stance Toward Crypto

In April, the Reserve Bank of India (RBI) imposed a blanket ban on cryptocurrency trading, prohibiting the country’s financial institutions from dealing with cryptocurrency-related businesses.

The unexpected ban on cryptocurrency exchanges implemented by the country’s central bank effectively disallowed trading platforms from obtaining banking services from local financial institutions.

Several exchanges tried to pivot to cryptocurrency-to-cryptocurrency trading but with the dominance of Binance, OKEx, Huobi, and other crypto-only exchanges, local digital asset trading platforms failed to compete and shut down their businesses.

At the time, the RBI threatened to end its relationship with any local bank that deals with digital asset exchanges. A circular released by the central bank read:

“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs (virtual currencies). Regulated entities which already provide such services shall exit the relationship within a specified time.”

In July, industry leaders, associations, and companies challenged the controversial decision of the RBI by filing a complaint with the Supreme Court of India. Within several months after the filing, the court ruled in favor of the RBI, allowing the central bank to impose a ban on cryptocurrency trading.

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However, on December 26, a senior government official told The New Indian Express in an interview that the government believes cryptocurrencies cannot be dismissed as illegal currencies and the asset class has to be regulated with strict policies.

“We have already had two meetings. There is a general consensus that cryptocurrency cannot be dismissed as completely illegal. It needs to be legalised with strong riders. Deliberations are on. We will have more clarity soon,” the official said.

The change in the stance toward cryptocurrencies from the government of India likely comes from its acknowledgement of the risk in unregulated cryptocurrency trading. By placing a ban on digital asset exchanges, it forced investors out of a self-regulated market to unregulated peer-to-peer and over-the-counter markets that are difficult to regulate and monitor.

If the intent of the government is to prevent money laundering through the usage of cryptocurrencies, a more effective way of doing so is to allow cryptocurrency trading on exchanges with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place.

When Could It Take Place?

Many reports were released in the past anticipating the legalization of cryptocurrencies by the government of India. Yet, the government showed no signs of regulating the asset class in the past 12 months.

With the G20 agreeing to regulate cryptocurrencies to crack down on money laundering, India, which is a part of the G20, could follow the global trend of regulating the asset class.

Given the history of India in the cryptocurrency sector, it may take several months to potentially years before cryptocurrency trading is revitalized and completely legalized with stable banking services provided by local financial institutions.

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Aeron’s ARN token is now available in EOS ecosystem

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Good news for EOS traders: Aeron’s ARN token is introduced in EOS ecosystem for instant bi-directional ARN ERC-20 ⇄ EOS swap
Aeron’s ARN token is now available in EOS ecosystem
Contents

Aeron, the innovative blockchain-based aviation safety project, extends its reach to EOS ecosystem and allows for Ethereum ERC20 and EOS token swap in both directions. That will boost liquidity of the token and help Aeron strengthen its position on the market. Let’s find out how it works, and define the advantages that platform users will reap.

A few words about Aeron

Aeron project was created by experienced pilots and aviation experts to improve the aviation safety and provide comprehensive tools for flight schools and private aircraft owners and operators. Aeron features ARN ERC20-compliant token that can be simply integrated into users’ wallets and traded via exchanges and direct transfers. The fixed token supply is 20,000,000 ARN.

Aeron can be used by both aviation companies and their clients

At the moment, ARN ERC20 token is present on the major cryptocurrency exchanges: Binance, KuCoin, HitBTC and many others. Introduction of ARN into EOS ecosystem offers even more liquidity to the holders with access to the new EOS decentralized exchanges, which feature instant execution and even more convenience for users to manage their assets.

Possibilities and perspectives

With ARN token launch on the EOS blockchain, free cross-blockchain token swap is available for all Aeron token holders. From the first day, ARN EOS token is listed in all significant EOS decentralized exchanges, and MEET.ONE, the most popular EOS wallet, supports this token natively as well.

Cross-blockchain token swap is performed at 1:1 ratio: once an ERC20 token is locked, the EOS equivalent is released, and vice versa. Therefore the new ARN EOS token value is totally backed by the legacy ARN ERC20 tokens on Ethereum blockchain.

Can users keep both types of tokens? Yes, ARN EOS and ARN ERC20 tokens may be kept on different wallets and exchanged at any time. Some wallets support EOS and ERC20 tokens simultaneously. The swap isn’t obligatory, so token holders are free to use this option depending on their needs. According to Aeron, the exchange option will be available 24/7 and permanently – no time limits apply.

There are two key advantages:

  • Swap is totally free, no matter in which direction it’s made.

  • No token burning is involved, and tokens can be swapped back freely.

Instant ARN ERC20/EOS swap opens new possibilities for ARN token holders making the asset more liquid and convenient in handling, opening up EOS ecosystem famous for its instant transactions and low fees. There’s no need to surf the net in search of suitable swap options: secure token swap is performed on the Aeron website.  ARN EOS token can be further traded on Newdex, Chaince, WhaleEx, Findex, BTEX and other new EOS exchanges.

With the introduction of new EOS stable coins (EETH, EBTC, EUSD), additional ARN trading pairs will become available to facilitate value exchange and storage in EOS ecosystem.

How to perform a token swap?

In order to swap ARN ERC20 for EOS and vice versa, a user should have an EOS account. It can be registered in MEET.ONE, Paytomat Wallet or other EOS wallets (please, note that it’s a paid option that costs about $2, but sometimes sponsored by the wallet developer).

The ARN token swap is instant and the rate is fixed at 1:1, so ARN token holders won’t have to waste time placing sell/buy orders. They will enjoy a fast swap without fees.

Once EOS account is created, and tokens are swapped, a user can proceed to EOS decentralized exchanges. To register on EOS exchanges, a user will need Scatter software for the authentication process. Installation of Scatter won’t take much time, and it is compatible with all platforms. Alternatively, a QR code can be scanned to authenticate with an exchange directly from the compatible EOS wallet.

Step-by-step guide to ARN token swap

Bottom Line

At the moment, Aeron platform and the pilot shop powered by Aeron support legacy ARN ERC20 token, and EOS token integration will be done gradually through 2019. EOS salient features, such as low latency, free transactions, and scalability, can serve to improve Aeron token adoption and strengthen the business model. Meanwhile, ARN EOS token can be used by Aeron supporters to get familiar with EOS environment and its peculiarities. As example, EOS blockchain can process up to 4,000 transactions every second, making EOS exchanges the fastest decentralized exchanges in the world.

With the first ever bi-directional ERC20/EOS token swap enabled by Aeron, it may be expected that other blockchain projects will follow this method to expand their community and let the supporters enter the vibrant EOS ecosystem with their favourite tokens.

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Cryptocurrency Markets Turn Green While Bitcoin SV Lags Behind

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A small window of positivity has settled across the cryptocurrency market with most coins seeing double-figure gains
Cryptocurrency Markets Turn Green While Bitcoin SV Lags Behind
Contents

The past few days, since about Saturday last week, the cryptocurrency markets have shown some fight back with there being steady gains in the last two days in particular. Bitcoin has topped near-on $3,800 as the rest of the market basks in its glow.

There are gains for all of the top 20 coins, ranging from six to a staggering 29 percent over the last 24 hours alone. The market going green, after a month-long fall starting on the Bitcoin Cash hard fork, is only just starting to bud, and it remains to be seen if it will last, or be a reversal in fortunes.

Speaking of Bitcoin Cash, its battle continues with the name Bitcoin Cash going to the ABC pool, and that coin being the biggest gainer at 29 percent in the top 20. This has forced the forked coin to sixth on the market cap, and stretched out its lead over rival Bitcoin SV.

SV is now in ninth, and in danger of falling out of the top 10 with the likes of IOTA, Monero and Tron all surging up in value.

Good day for green

As reported yesterday, the difficulty adjustment for Bitcoin mining lowered by about 10 percent recently, and this drop in difficulty is intended to make it more profitable by making it easier to mine Bitcoin.

Therefore, the hash rate of Bitcoin has been rising again as miners are once again just on the right side of being profitable. This ties in with the price and can compound the gains as the more interest and health from miners for the Bitcoin blockchain, the more interest from the market.

If this is indeed the case for Bitcoin’s price rising again, there is every chance that there could be a longish rally, however, a good solid rally has not been seen since more than a year ago when Bitcoin was heading to its All Time High.

Following on

As is often the case, the rest of the altcoins have also profited from Bitcoin and its own gains as most coins are seeing gains in the double figures. Ripple sits in second ahead of Ethereum, but they are both growing well, as are Tron and Stellar.

Bitcoin Cash has grown by nearly 30 percent over the last 24 hours, and just outside the top 10 IOTA, Monero, Binance Coin and Dash are all up over 10 percent. Bitcoin SV is up by nine percent, but in comparison to the chasing pack, it should be concerned about being usurped from the top 10.

Battle-worn Bitcoin Cash

Although both the Bitcoin Cash forks remain in the top 10 of the market cap standing, they have both lost huge value since their split in November. Bitcoin Cash has lost a whopping 45 percent of its value since late November, while Bitcoin SV has dropped 35 percent. This is compared to Bitcoin's 15 percent fall over the same period.

Bitcoin SV has other problems than its market cap standing to worry about, though as there are allegations of users being able to spend the same coins twice in what's known as a "0-conf transaction" double spend. Additionally, there are concerns about its centralisation with four Bitcoin SV network nodes controlling 75% of its hash rate, leaving it vulnerable to attacks and weaker than most decentralized crypto networks.

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