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October’s Official Site Traffic List: Steemit is Leading

  • Alexander Goborov
    🤷 Opinions

    Last month’s site stats show that Steemit is ahead of Binance by almost 1.5 million visitors

October’s Official Site Traffic List: Steemit is Leading
Cover image via u.today

This week, we have already brought you Ripple 2018: Price and Telegram Mentions, The Top Crypto Dozen by Year of Formation, and Dash’s History of Quarterly Prices and Market Cap Values. Now, let’s look at the latest in site traffic: last month’s stats for the most number of visitors to some of the big web names in the Blockchain:

October’s Official Site Traffic List: Steemit is Leading

Steemit is last month’s leader with over 5.6 million monthly visitors to the site. The company was founded in March 2016 by the programmer Daniel Larimer, the very same one who together with the investor Brendan Blumer later founded EOS through Block.one. Notably, Steemit is not only a social networking site: it uses its own Blockchain to reward Steemit publishers with Steem tokens (position by market cap: 41).

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Behind Steemit is Binance, a cryptocurrency exchange platform, with around 4 million monthly visitors, despite their recent fallout with the New York Attorney General office (during which other platforms were also implicated). Originally founded in China in September of last year, the company swiftly moved to Japan after the Chinese government’s ban on crypto trading.

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In third place, with the figure approaching a million monthly visitors, is LBRY, a platform which is rather different from the previous two in that it is a virtual space where artists and authors can publish their work without any involvement from advertisers or intermediaries. In some ways, it is quite similar to Amazon Publishing, but, naturally, unlike Amazon, LBRY makes use of the Blockchain technology.  

Other websites follow, among them Ripple, Dash, and Stellar toward the end of our list, all with around 200-400 thousand monthly visits. Bear in mind though that many who trade these altcoins often forego their homesites and do business elsewhere, e.g. on Binance (hence its high figure) or via DApps, so these low stats are not always indicative of the correspondingly low popularity.

We hope you enjoyed our list. Stay tuned for more material to come.

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About the author

Alexander Goborov (MSc) is U.Today’s chief editor of analytics. Before joining our publication, he worked in research and education, and, briefly, as an academic ghostwriter.

His articles range from scientific to creative, among them those that came out in Journal of Language Learning, St Petersburg Times, and Kommersant.

At U.Today, he and his team specialize in the economic analysis of the Blockchain market, infographics, as well as interviews.

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Telegram to Ask Court Not to Classify Gram Tokens as Securities During February Hearing: Details

  • Alex Dovbnya
    📰 News

    The February court hearing is expected to put an end to the legal battle between Telegram and the SEC by determining whether Grams are securities

Telegram to Ask Court Not to Classify Gram Tokens as Securities During February Hearing: Details
Cover image via www.123rf.com

Telegram will ask the court rule against classifying their Gram tokens as securities during the upcoming February hearing, according to a letter to TON investors that was obtained by U.Today. 

As reported by U.Today, Telegram was slated to voice its arguments against the US Securities and Exchange Commission (SEC) on Oct. 24. However, a new court filing shows that the hearing has been postponed to Feb. 18-19, 2020.

IT IS ORDERED that Defendants shall not offer, sell, deliver, or distribute “Grams” toany person or entity, until the conclusion of the hearing scheduled by the Court for February 18and 19, 2020 (“Hearing”), except upon further order of the Court or agreement of the parties.

The Telegram team states that the hearing that is scheduled to take place in February is fundamentally different from the one that was supposed to happen in October. Telegram expected the court to put an end to the ongoing dispute by ruling on the "core arguments" that their Gram token is not a security. 

The October 24 hearing, in contrast, was only to consider whether a delay should have been mandated, without conclusively resolving the core argument. 

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On Oct. 17, Telegram filed a response to the SEC where it states that its native token "will merely be a currency or a commodity." One day later, the regulatory watchdog asked the court not to reject its request for a preliminary injunction against the Pavel Durov-helmed company, adding that its argument about Grams not being securities wasn't convincing.

Telegram will make sure that its position is presented "as strongly as possible" during the forthcoming hearing. 

The Telegram Open Network (TON) was scheduled to go live by Oct. 31 (otherwise, Telegram would have to return money to its investors). However, the SEC sued the messaging giant for allegedly running an unregistered ICO, which forced the company to delay the launch of its network to Apr. 30, 2020 while trying to cut a deal with its investors. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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