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Twenty eighteen has been a roller coaster ride for the cryptocurrency market with price surges and market crashes. This price play went hand in hand with multiple feuds between eminent personalities within the crypto sphere. The online fallout was met with a lot of engagement by holders as well as enthusiasts who made sure they protect the cryptocurrencies they wanted to propagate and push into the mainstream realm.
Tone Vays and Nouriel ‘Dr.Doom’ Roubini
The first confrontation on the list is a direct engagement between Bitcoin proponent Tone Vays and economist Nouriel Roubini. Vays, an active Twitter user had asked user opinions on a certain haircut that he should get, to which Roubini replied by taking a not-so-subtle dig at Bitcoin [BTC].
Vitalik Buterin and Justin Sun
The clash between the Ethereum co-founder and the Tron Foundation CEO has been a prolonged event, one that stemmed from both the personalities pointing out flaws in each other’s network. Vitalik had said that there is no opportunity for another 1000-times growth in anything in the cryptocurrency and blockchain space anymore.
According to him, in the past 5-6 years, the growth of cryptocurrency and blockchain technology was because of the marketing, which is now closing towards a dead end. Justin Sun had retaliated by stating that Tron can surpass Ethereum on the basis of transactions any day.
Bitmain’s Jihan Wu and Craig ‘Faketoshi’ Wright
The Bitcoin Cash hard fork was one of the most talked about events in the crypto sphere, something that resulted in the cryptocurrency splitting into two separate tokens: Bitcoin SV and Bitcoin ABC.
Jihan Wu, the CEO of Bitmain, was one of the biggest proponents for Bitcoin ABC while Craig Wright was the same for Bitcoin SV. The insults between the two had gotten serious at the peak of the hard fork, with Wu even calling Craig Wright a spy for Blockstream.
Changpeng ‘CZ’ Zhao and Vitalik Buterin
Buterin seems to be in the eye of a lot of cryptocurrency storms with the Ethereum co-founder also involved with Binance CEO Changpeng Zhao. CZ had directly talked about Vitalik, asking him to have a big heart and wish everyone in the crypto space well. He said:
“Don’t get me wrong, I am all for blockchain/decentralization/freedom. But i would not wish “burn in hell” on anyone or anything. That’s not a nice thing to say, even if it was said by Vitalik. I didn’t bother asking him yet, I assume he just meant he dont like centralization, which is fine. We need to keep a view of moving the entire eco-system forward, not just one part of it over another”
John McAfee and SEC
Regulatory issues have been a cause of concern for the industry with several bigwigs mentioning it multiple times. John McAfee, one of the more flamboyant Twitter users had directly engaged with the Securities and Exchange Commission [SEC], mainly focusing on its Chairman Jay Clayton’s comments on ICO’s. McAfee had tweeted:
“The head of the SEC declared today that all ICOs are securities. While I STRONGLY disagree and believe that the majority of ICOs do not meet the Supreme Court Howey Test for securities, I will submit, for now, to their rules and will not work with future ICOs. But, I’ll be back.”
John McAfee and HitBTC
McAfee was in the news again when he singled out HitBTC, a popular cryptocurrency exchange by stating that exchanges were responsible for the deterioration of the crypto sphere. He had tweeted:
“Hitbtc, for example, has increased suffering for millions of poor people who cannot afford the minimum buy-in since it is greater than their monthly income. Boycott them.”
He also tweeted:
“@hitbtc I will be your worst enemy until you prove that you are aligned with our community and are truly interested in helping the poor. You have not done shit to help access the only free healthcare in the world.”
The above mentioned ‘tweet-wars’ are an example of a burgeoning industry waiting to capitalize on the interest generated by these controversies. 2019 looks to be another year dotted with more happenings and investors and holders alike are waiting with bated breath to see what will happen.
76497|Tron-based USDT: Huobi Global, OKEx and Gate.io announce support for new TRC-20-based Tether
Tron Foundation’s relentless push for mass adoption received a major boost recently when Justin Sun, the Foundation’s Chief Executive Officer, announced their partnership with Tether [USDT] to create new stablecoin. The partnership would essentially bring USDT on the Tron blockchain, making transactions faster and free-of-cost, while also improving the use-cases of the stablecoin.
Three major exchanges have now announced support for the Tron-based version of Tether, further bolstering its position in the market. Singapore-based exchange Huobi Global, Malta-based exchange OKEx, and Gate.io, a blockchain assets exchange platform, announced in separate press releases that they will be supporting the new version of Tether.
The TRX-USDT partnership was announced in early March in an effort to bring in a TRC-20-based USDT into the crypto-market. The ‘improved’ coin would stick to the technical token standards maintained by the Tron blockchain and would be interoperable with all Tron-based DApps and protocols.
In their respective press releases, Huobi Global and OKEx stated that the decision was fueled by strong user demand for inclusion of a full-spectrum of stablecoin trading. The exchanges also made it clear that there would now be three different protocol versions of USDT on their platforms: the Bitcoin network-based USDT-Omni, Ethereum-powered USDT-ERC-20, and the new USDT-Tron.
Though the exchanges are some of the world’s largest in terms of trading volume, Tron Foundation had earlier said that the TRX-USDT version was made primarily for Tron-powered Decentralized Exchanges [DEX].
Recently, Tron Foundation also announced an incentive scheme exclusively for TRX-USDT holders. The $20-million incentive plan included the addition of a 20% initial Annual Percentage Rate [APR] for holding the cryptocurrency, which was significantly higher than its prime competition, the USDT-Omni. The plan also announced a scheme spanning over 100 days where USDT-TRX holders would be rewarded more USDT-TRX.
Tron’s DApp program and BitTorrent Token [BTT] launch also saw huge success this year, leading to a temporary surge in the token’s price before a bearish market ensued. On March 17, TRX registered a transaction volume that was five times more than the cumulative transaction volume of its closest competitors ETH and EOS. The transaction volume during this move was recorded to be over $100 million.
76476|DigiByte [DGB] soars by 9.7% as online movement for Coinbase addition gains momentum
The cryptocurrency market was punctuated by several altcoin surges this week, with Tezos and Ontology leading the charge. The latest entrant to ride the bull wave was DigiByte, the 35th ranked cryptocurrency on CoinMarketCap. It climbed up the charts to become the biggest gainer in the top 50.
At press time, DigiByte [DGB] was trading at $0.015, and was rising by 9.72%. The cryptocurrency held a total market cap of $169.073 million with a 24-hour trade volume of $3.091 million. A majority of the trade volume was split between BiteBTC and Bittrex, two popular cryptocurrency exchanges. BiteBTC recorded DigiByte transactions worth $1.156 million, while Bittrex recorded $315,308 worth of DGB trade.
The 24-hour chart showed the cryptocurrency’s value shooting up, before settling into sideways movement. DGB’s value surged from $0.0126 to $0.0144, in under an hour. It was speculated by many online that the addition of DigiByte on Magnum Wallet, and its latest release, the Magnum Notifier Bot, was what sparked the DigiByte surge. The bot is a free-to-use Telegram bot which notifies the user when the connected wallet participates in any transactions. The bot also gives DGB holders all transaction related information.
DigiByte was also helped by its community starting a new online campaign requesting Coinbase CEO Brian Armstrong to add DGB to its fold. Frederik Bf67, a Twitter user, and a DigiByte fan tweeted:
“Hello Brian, i would love to see @coinbase adding @DigiByteCoin to it’s platform. You know #DGB has been around for a long time and has proven itself over time to be a highly secure and fast blockchain with exellent use cases suported by thousands of people on every continent.”
Another DigiByte fan, Mark Brown replied on the same thread saying,
“Tell that to @barrysilbert , he’s the one to talk to brother 😏
@brian_armstrong and @AsiffHirji can do so much. It’s out of their hands.
I’ve even helped pass along a petition and nothing. I’ve gotten over 10k signatures to have #dgb added to #coinbase and nothing.”
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