Antony Koroid

Poloniex Eliminated USDC Fees to Increase Trade Volume

One of the main world-wide altcoin exchanges Poloniex canceled the trade fees for USD Coin at least until the end of November to stimulate its trade turnover
Poloniex Eliminated USDC Fees to Increase Trade Volume

One of the main altcoin exchanges Poloniex canceled the trade fees for USD Coin to stimulate its trade turnover.

USD Coin has already been listed for use on one of the largest Bitcoin exchanges in the world, Coinbase, and of course, they immediately put it to work on Poloniex. Now, people wanting to trade USD Coin at Poloniex have more incentives to do so as Circle has decided to encourage its use by eliminating the trading fees for the coin on the Poloniex platform at least until the end of November.

Poloniex users got the possibility of trading two versions Bitcoin Cash for USD Coin. It means that Poloniex users have two stablecoin options. It’s unclear whether Poloniex will list USDT forever, but it was on the exchange almost since its inception as Poloniex has evolved from a major altcoin exchange to a major everything exchange.

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Now, there is a minor arbitrage opportunity existing between USDC, which implies the possibility to buy USDC for $1 or $1.01 worth of USDT. It is assumed that Tether can be exchanged directly for $1 via Bitfinex, so divergent trading made in massive amounts is an opportunity for experienced traders with deep pockets to make profits.

The goal of stablecoins is to help traders to denominate their crypto assets without fiat money transactions as well as to have coins that are tied with some degree of confidence to the US dollar.

History

Back in February, the exchange Poloniex was acquired by peer-to-peer payments technology company Circle. Until now, it has been focused on large coins vs. fiat pairs, but after the acquisition of Poloniex, it got the opportunity to work with other tokens and in September released its own stablecoin to compete with Tether (USDT) and the Gemini Dollar (GUSD).

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There are more than 130 mln USDC in circulation now, Circle notes. This number should expand as the token usage will increase. The trading volume, however, is not yet in line with the market capitalization as the daily turnover is only $3.4 mln.

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Yuri Molchan

Trust Wallet to Conduct BTT Airdrop, Tronics Long for Binance to Partake

Tron’s CEO Justin Sun has recently tweeted about the approaching BitTorrent token airdrop for those TRX owners who use Trust Wallet
Trust Wallet to Conduct BTT Airdrop, Tronics Long for Binance to Partake

The recent tweet of Justin Sun has stirred the Tron community who kept asking him in the thread under the tweet if the Trust Wallet is to be the only venue to support the BTT airdrop.

Lots of them kept asking whether TRX holders on Binance and Tronscan will get free BTT too and at what ratio.

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Trust Wallet

Trust Wallet headquarters are located in California, US. This wallet app provides support for several digital assets, among which are Tron (of course), Dash, Bitcoin, ICON, Ethereum and many others. A special emphasis on this wallet is made on ETH-based tokens. The app claims to be anonymous and secure.

The wallet is available both on Android and iOS and has a browser dApp too.

The BitTorrent coin

As U.Today reported earlier, BitTorrent token (BTT) is a coin powered by Tron’s TRC-10 protocol that is intended to be an incentive for sharing files on BitTorrent. Users will be able to trade BTT for TRX on crypto exchanges.

For now, it is only known that the airdrop will be supported by the Trust Wallet only. Probably, later updates will follow from Justin Sun regarding the Binance exchange.

However, as per Sun’s tweet, BTT will indeed be available on Binance Launchpad, but not through an airdrop yet.

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Yuri Molchan

ETH VS TRX: Ethereum File-Sharing Dapp Trying to Surpass BitTorrent

BitTorrent has recently spread word about the upcoming release of the BitTorrent Speed platform for sharing files by summer 2019. Rivals are speeding up too
ETH VS TRX: Ethereum File-Sharing Dapp Trying to Surpass BitTorrent

The other day, BitTorrent shared via its Twitter account that the new project, BitTorrent Speed, is going to be released soon in 2019 – by summer 2019.

However, the old withstanding between Tron and Ethereum seems to continue indirectly, of course. Usually, it was Tron and its inexhaustible CEO, Justin Sun, that tried to surpass Ethereum. This time, it is an Ethereum-based app that intends to outperform BitTorrent.

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Upfiring fires away with its app

The successful participation of BitTorrent in Tron’s plans of conquering the crypto universe seems to have inspired its rivals in the file-sharing field. An Ethereum-based dApp Upfiring has been developing over the past year. Now they have released their own app that can already be used by customers.

On Thursday, Upfiring set off with the beta of its app, allowing public trials of it. However, this app works differently from BitTorrent. In BitTorrent Speed coins are meant to be an incentive. Its new Ethereum-powered rival will make users pay coins (UFR) in order to decrypt files they download. These tokens are sent directly to the users who uploaded and shared those files.

This does not have to be a problem, though – users of Upfiring can download some files and then forget about them until they have earned enough tokens by sharing other files. However, experts believe that BitTorrent’s model of optional token use will be way more popular than the obligatory token utilization scheme of Upfiring.

A hard-to-notice coin yet

When it comes to evaluating the current state of affairs for a crypto token, experts look at its market cap value. From this point of view, the prospects of UFR are less than good so far. As per Coinmarketcap, it totals just $2 872 928.

A hard-to-notice coin yet

The UFR supply of tokens is worth around $1.3 mln, thus getting it on the position #480 on CMC. Nowhere near TRX. Experts believe that BTT when launched on exchanges will start at a much higher level than the one UFR is now on. However, analysts reckon that UFR does have some prospects.

A namesake for BitTorrent coin

Now that the BitTorrent-issued and Tron-based BTT coin is about to be released, it is worth saying that a coin with BTT ticker already exists. It’s a Blocktrade token (BTT), holding the position #675 on CMC with a market cap of even less than UFR - $1 188 680. It is currently trading at $0,0219.

A namesake for BitTorrent coin

This does not seem to be a problem for Justin Sun and the Tron-powered BTT token of its new file-sharing partner. Recently, U.Today reported that as per a new rule by Tron, different TRC-10 coins can bear the same title. Perhaps this is the reason for the existence of two BTT coins at the moment.

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Alex Morris

Newborn Baby Collects Money for College in Two Weeks Thanks to Bitcoin Donations

The baby has already managed to collect more than $4,000 in BTC, but this amount of money could drastically increase if Bitcoin bulls turn out to be right
Newborn Baby Collects Money for College in Two Weeks Thanks to Bitcoin Donations

Izabella Bowles, which was already dubbed a ‘Bitcoin baby’, has managed to collect money for college in two weeks. That was possible because of the viral newspaper ad that was published on Jan. 6.

‘Bitcoin baby’

Given that college tuition is widely expensive in the US, some parents start saving up money as soon as their child is born (or even before). Wioletta and Peter Brown, instead of opting for a traditional college bank account, decided to follow the latest fintech trends by asking the cryptocurrency community for Bitcoin donations. As mentioned above, they published a newspaper ad in The Times, specifying the address of their Bitcoin College fund.

‘Bitcoin baby’

 

A long-term investment

 At the time of writing this article, the balance of their wallet is sitting at 1.08180623 BTC ($4,023.24). The most generous donation amounted $341. While that sum of money wouldn’t cover Izabella’s tuition as of now, it’s quite possible that Bitcoin price could skyrocket by 2037 when Izabella turns 18.   

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As The Mirror reports, the success of their crowdfunding effort is not surprising given that the father spearheads Dynamo PR, a creative agency that is based in Silicon Valley.

Bitcoin donations

Bitcoin makes donating money much easier given the anonymous nature of cryptocurrencies – all it takes is to publish a public wallet address without any incurring risks. Soon, Bitcoin donations might even lose their mojo of a tech gimmick and become a staple of our ordinary lives. Earlier, U.Today reported about Bitcoin enthusiasts sending a sizeable amount of donations to a jailed far-right activist Tommy Robison.
 

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Alex Morris

Hackers Stealthily Uninstall Cloud Security Products to Mine Monero

The new malicious software managed to uninstall cloud security products of top Chinese cloud providers
Hackers Stealthily Uninstall Cloud Security Products to Mine Monero

Cybersecurity firm Palo Alto Networks has recently discovered a new type of malware that is capable of targeting cloud servers. The ultimate goal of this hacking operation conducted by the Rocky group was to stealthy mine Monero, the most popular privacy coin.  

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Outsmarting tech giants

Public cloud infrastructure has been extremely enticing for hackers over the past few years. The report states that the products developed by Tencent and Alibaba weren’t actually compromised. Hackers gained full control and simply uninstalled the software, acting like a real administrator.

The researchers add that this is the first instance when any malware managed to remove cloud security. The Rocky group achieved this by not displaying any malicious behavior and by using guides provided by the aforementioned companies on how to uninstall their products. In order to deliver the malware itself to the victim’s computer, they exploited vulnerabilities in Apache Struts 2, Oracle WebLogic, and Adobe ColdFusion.

It’s high time for cloud-based services to rethink their approach to security given that ordinary security products might not be doing enough in order to avoid malware intrusion.

Monero, the king of cryptojacking

As U.Today reported earlier, Monero is linked to the lion’s share of cryptojacking cases. In fact, more than 4 percent of the XRM total supply is attributed to malicious malware. From malicious Steam games to fake Adobe Flash installers that are used as a tool for cryptojacking – Monero keeps ruling the roost when it comes to mining malware. 

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Cyril Gilson

U.Today to Be Featured on News Aggregator CryptoPanic Thanks to New Partnership

We are ecstatic to announce that U.Today has officially established a partnership with CryptoPanic
U.Today to Be Featured on News Aggregator CryptoPanic Thanks to New Partnership

We are ecstatic to announce that U.Today has officially established a partnership with CryptoPanic, one of the largest and most reputable news aggregator platforms in the cryptocurrency community.

CryptoPanic compiles headlines from different sources around the globe, all manually checked for originality and reliability. However, the platform is more than just a news aggregator: it also features the current prices of each popular cryptocurrency, as well as the option to add reactions and comments to headlines.

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Users of this aggregator can also participate in polls, check out the newest videos covering crypto, and create their own portfolio tracker. They are given the option of browsing news by category, such as Price Analysis, Regulation, or ICO news. News can also be sorted by when it was released or its popularity. That being said, it is a no-brainer why this is a popular resource among crypto traders!

We are honored and proud to say that U.Today news will now be featured on CryptoPanic. We look forward to watching this partnership grow and help the crypto community stay connected to the latest news. Staying on top of breaking cryptocurrency news has never been easier! 

So, you can read our newsfeed here too: https://cryptopanic.com/news/source/u.today.

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