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Binance lists Selfkey [KEY]: Minor coin, major pump!

Simran Alphonso

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Binance lists Selfkey [KEY]: Minor coin, major pump!
Source: Pixabay

Binance clears a path for the digital currency financial specialists and crypto-investors. The organization started in 2014 and has become one of the biggest, multi-dialect trade stage. Binance is known to charge lesser exchange expenses than its rivals for exchanges and security. The exchanging stage has assumed a noteworthy part in the digital currency showcase and has likewise been hypothesized to be the motivation behind why coins pump up after their listing on Binance.

Binance tweeted as well as announced on their official website saying:

“Binance will open trading for KEY/BTC and KEY/ETH trading pairs at 2018/06/27 6:00 AM (UTC). Users can now start depositing KEY in preparation for trading.”

The coin had a moderate scale in the market as soon as Binance announced its listing the coin pumped up and faced a hike.

Source: CoinMarketCap

Selfkey [KEY] coin, before the announcement, had a market cap of $13 million which hiked up to $17 million post the announcement and continues to grow, at the time of press.

SelfKey is a blockchain based self-sovereign identity system that allows individuals and companies to truly own, control, and manage their digital identity. While it also securely manages their cryptocurrency portfolio and instantly onboard onto financial, immigration and cryptocurrency services.



According to CoinMarketCap, Selfkey [KEY] has jumped over 20 ranks till now and currently ranks at #271. At the time of writing, the coin has seen a pump of 12.03% in the past 1 hour with a hike of 37.17% in the past 24hours., along with the weekly cap that runs green with 27.64%.

At press time, KEY has the trading price of $0.0097 and the market cap of 19 million, the coin has increased its market cap from 13 million to 19 million under the span of 4 hours from listing on Binance.





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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