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Dash [DASH] enters Forex trading, now added on Evolve Markets

Priyamvada Singh

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Dash [DASH] enters Forex trading, now added on Evolve Markets
Source: Pixabay

On 18th July, Dash made a Twitter announcement of the cryptocurrency being added on Evolve Markets, where Forex and cryptocurrencies, both can be traded along with bets on stock indices and commodities, such as oil, natural gas, gold and copper.

Dash's recent tweet | Source: Twitter

Dash’s recent tweet | Source: Twitter

According to Evolve Markets’ official website listing, Dash will be paired against USD on the platform. Traders are permitted to leverage up to 50:1 of their cryptocurrency accounts with speedy withdrawals and low fees. ‘Metatrader 5’ is the name of the platform used by Evolve Markets.

The platform also pays attention to the security of customer funds. Practices such as manual review of Bitcoin withdrawals, keeping all the Bitcoin deposits in a cold storage, maintaining discretion of the private keys, encrypting data and using Google Authenticator for added security make Evolve Markets a secure platform for deposits and withdrawals.

Currently, the cryptocurrencies available for trading on Evolve Markets are Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], XRP [XRP], EOS [EOS], Litecoin [LTC], Monero [XMR], Zcash [ZEC], with Dash recently on board.

Despite Dash not being present on big cryptocurrency platform like Coinbase, Dash is witnessing acceptance in the overall picture of cryptocurrency trading. According to Dash’s official blog, the listing on Evolve Markets has proved its growing worth in the market.

The Dash network is also believed to be seeing an increased trading volume, as the demand for Dash grows in the market. Dash, in its official announcement, also added:

“This smooths out Dash’s volatility since market makers are constantly assessing the underlying and future value of Dash.”

As Dash gets added to more trading platforms, it will contribute to the diversification and liquidity of the cryptocurrency. This will boost a widespread adoption of Dash finally resulting in the decrease of volatility in prices.

When it comes to the expansion of Dash, it has a greater plan to spread its adoption in several areas, including the less common ones such as ATMs. Dash aims at diversifying the utility of the cryptocurrency to avoid its concentration in just one economic sector. Dash also conveyed:

“The incentives built into Dash’s DAO have focused development on the original goal of cryptocurrency to be a peer-to-peer digital currency for the average consumer through consistently low transaction fees, fast confirmation times, security, and user friendly interfaces.”

Dash has also observed a hike in its frequency of transactions for overall utility. This has been a major indicator in determining the ‘underlying value’ of Dash. The team also believes that Dash has already gained a considerable amount of merchant acceptance and sits high on ranks in ‘actual use’ or ‘everyday purchases’.



The current scenario of Dash also gives traders an ability to segregate the current use of Dash from speculative future use-cases. Dash is also believed to gain reliability and integrity among the user-base providing stability to the whole equation.

At press time, DASH is trading at $261.42 with a market cap above $2 billion. The 24-hour hike in its price is 5.93% at a trading volume of about $258 million.





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

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Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block

Akash Anand

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Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block
Source: Pixabay

Bitcoin SV [BSV] and its proponents have been making headlines over the past couple of weeks, either due to developments or because of comments made by its major proponents, Craig Wright, the chief scientist at nChain, and Calvin Ayre.

The network was also hit with several members of the cryptocurrency community alleging that the cryptocurrency itself is a sham without any use cases, as evidenced by its delisting on several popular cryptocurrency exchanges like Binance, Kraken and Shapeshift.

The latest news added salt to BSV’s wounds after it was revealed that the network went through another blockchain reorganization on a 128 MB block. This fact was pointed out by Nikita Zhavoronkov, the lead developer of Blockchair, who had tweeted:

“Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦‍♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough.”

Orphaned blocks are valid blocks which are not part of the main chain. There are ways that they can occur naturally when two miners produce blocks at similar times or they can be a result of an attacker with enough hashing power using it for nefarious activities like reversing transactions.

A major reason why this reorg event made news was that a major 128 MB block was stuck in transaction, something that was not supposed to occur according to the initial claims made by the SV camp. Supporters of the cryptocurrency, however, have stated that despite being slower than promised, the transactions on the block settled faster than that on a Bitcoin Core block.



One supporter of BSV, mboyd1, tweeted:

“Orphaned blocks are a feature, not a bug”

To this tweet, Zyo, another cryptocurrency enthusiast replied:

“yes, but orphaning 6 blocks in a row is not good, that means that 6 confirmations is not safe. It’s a bug because the 100+ MB take way too long to propagate and validate. There is a reason why BCH doesn’t have [yet] 100+ MB blocks.”





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