Tag: EOS

Litecoin, IOTA, Stellar Lumens, Tron, EOS Technical Analysis

On a positive note, altcoins are on a recovery path and syncing with last week’s bulls. Not only are we seeing respectable gains in Litecoin, EOS and IOTA-which by the way is reversing from 90 cents, but the fact that LTC bulls are now retesting $90 is encouraging from a bull perspective. Hopefully, coin specific news would continue trickling in boosting prices in the process. Let’s look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View You have to check this yourself but according to CoinFairValue, EOS’s…

EOS Leads China’s Blockchain Rankings Again, Bitcoin Still Out of Top 15

The Chinese government has released its third round of public blockchain rankings, and EOS — the fifth-largest cryptocurrency by total market cap — once again reigned supreme. EOS Tops China’s Blockchain Rankings for Second-Straight Month Those rankings, published by the state-backed China Electronic Information Industry Development (CCID) and released this week, evaluated public blockchain networks according to three metrics, roughly translated as technology, applicability, and innovation, which were then compiled into an overall index score. Though scoring below its peers on applicability (middle column), EOS led the rankings with an…

Cryptocurrency Market Booms – EOS, Cardano, Stellar and Neo Post Big Gains

The cryptocurrency markets finally appear to be in full recovery mode — at least as of Tuesday afternoon when all the major coins posted considerable leaps with most in the double digits. The total market cap shot up to $291 billion, which is the highest it has been in almost two months. Bitcoin shot upwards in a considerable trajectory, gaining the $7,400 mark in just under an hour. At around 6pm CET, the currency was over the $7,000 level, having traded in the $6,650-6,750 mark for most of the day.…

Block.One Is Taking a Bigger Role With EOS (And That’s a Big Deal)

Block.One has decided to start voting with its hoard of EOS tokens. Announced last week, the decision finds the startup that created the EOS software, now powered by the fifth most valuable cryptocurrency, breaking with precedent in a move that may have come as a surprise to those following the project’s decentralized launch. That’s because since going live on June 14, the company has largely declined to exercise its influence over the code, preferring to encourage its users to unite, even in sometimes messy decision-making. And there’s a good reason…

EOS Price Bounces as Creator Proposes Scrapping Constitution

The EOS price headlined the large-cap cryptocurrency index on Wednesday after one of its chief architects proposed scrapping its controversial constitution and replacing it with a new one. EOS Price Leads Large-Cap Index Overall, the cryptocurrency markets held relatively stable for the day, with the aggregate market cap dropping by about $1.2 billion over the past 24 hours. Against this backdrop, the EOS price managed to mount a 5.4 percent recovery. At present, EOS is trading at an equivalent of $8.13 on Binance, with a circulating market cap of $7.3…

The EOS Arbitrator Problem: A Crypto Governance Breakdown Explained

“They have to figure their own shit out.” Those were the harsh words of one of EOS’ top “block producers” – the network participants in charge of maintaining the blockchain – on Monday as the world’s fifth largest cryptocurrency attracted public ridicule for its current state of confusion. As told to CoinDesk by Kevin Rose, co-founder and head of strategy at EOS New York, the statement could reflect the broader snags the software has faced since release, but this comment was focused specifically on the EOS Core Arbitration Forum (ECAF). So far,…

Cryptocurrency Market Drops to $241 Billion, EOS Takes a Huge Beating

From $260 billion to $241 billion, the valuation of the cryptocurrency market has dropped by over $19 billion in the past 24 hours, as major cryptocurrencies including bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS fell by large margins. For a third day in a row, EOS, the delegated proof-of-stake (PoS) network based on the Ethereum blockchain protocol, has recorded the biggest loss amongst major cryptocurrencies. On June 24, EOS recorded a loss of 13 percent, while BTC, ETH, XRP, and BCH fell 3.5%, 4.6%, 5.8%, and 8.5% respectively. Why the…