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‘DASH’ing through the market DASH makes three new announcements

Tanmay Thakare



'DASH'ing through the market
Source: Pixabay

Cryptocurrencies, since their inception, have taken the world by storm and turned n number of people into millionaires, and one such currency that has contributed consistently in this process is ‘DASH’. Launched in the year 2014, it was originally called ‘X-coin’ which was rechristened as ‘Darkcoin’. It was rebranded again as ‘Dash’ which is a portmanteau of “Digital Cash”.

Dash gives us three new announcements today:

DASH Electrum update:


DASH Upgrade announcement

DASH Upgrade announcement

DASH electrum is a light wallet by DASH. It is an easy to use DASH client based on electrum, providing the customers with a secure key which are not sent to the servers and a wallet which can be recovered from any seed.

DASH Binance Update:

DASH Binance Update

DASH Binance Update

After receiving many complaints from the users regarding their funds on Binance, a affirmation is given mentioning that only the confirmed victims have their API registered keys which are to be used by the trading bots. This means that Binance trading platform has not be compromised. They have disabled the withdrawals for the moment and have reversed all the suspicious trades that were in progress.

DASH available on CoinSwitch:

DASH available on CoinSwitch

DASH available on CoinSwitch

CoinSwitch, one of the widest offering exchange platform offers a trading for more than 250 coins. They have an exchange platform for more than 6000+ crypto pairs.

The founder of DASH, Evan Duffield, designed it in such a way that sets it apart from its competitors. The coins will cease to be mined by the year 2300 and it uses x11algorithm for mining.

The USPs of DASH are:

  • Low transaction fees – transaction fees on an average for dash transactions are $0.1 which is much less than as compared to the competitors.
  • Instant payment – time taken for a transaction is less than one second.
  • Nodes and Masternodes – DASH uses a special network, which uses two types of nodes; nodes and the full nodes or master nodes. The nodes are used by the miners in verifying and generating new coins, whereas the full nodes store the cryptography and the blockchain.
  • Untraceable transactions – it has one feature that makes sure that all the transactions remain private. The feature is named as ‘ private send’.

Remy Dimon, an altcoin miner from Dallas says,

“You know these underdog stories that you hear? Dash is just that. It is just waiting to pounce. It has gr8 potential. It’s the lowest time in the market now. People are going to look back at this time 2 years from now and realize that they have lost out on an making a fortune”

DASH uses incentives as a starting point. The users have to pay for the services and earn a return on the investments they have made. 10% of the returns are reserved for financing future projects at DASH.

The current market capitalization of DASH is $4 billion placing it at number 12 in terms of market capitalization.

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Tanmay is a part of the news reporting team at AMBCrypto. He is a civil servant aspirant with a knack for reading and writing. His interest lies in numismatics and blockchain technology.

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Fake email imitating PayPal “warning” against Bitcoin and crypto purchases spooks users

Sthuthie Murthy



Fake email allegedly from PayPal spooks users
Source: Pixabay

PayPal users received an e-mail with a warning message asking them to cease any cryptocurrency related activity.

John Wesley, a PayPal user commented to this Cryptocurrency warning:

“I am holding an account from 17 years and just out of nowhere I got an email linked to my message this morning.”

He was among the almost 200 million users who received official emails from the company with a letterhead that was titled ‘Cryptocurrency Warning.’


The message read,

“While reviewing your account, we noticed that your activity involves the trading or transfer of crypto currency which is prohibited under our Acceptable Use Policy. As this is not permitted on the PayPal platform we ask that you cease any activity that results in the trading or transfer of crypto currency. If you continue to engage in this activity on PayPal, we’ll be unable to continue offering our services.”

PayPal Holdings, Inc is an American company that is almost two decades old which operates online payments system across the globe. It is an alternative to traditional paper works and other payment methods as this is completely digital and electronically handled. Many huge online vendors, auction sites, and commercial users operate with PayPal for payment for which the company charges a nominal transaction fee in exchange for benefits.

The email

The warning came with a pre appreciation message.

Many users who tried to reply or contact the company officials have noticed and reported that the emails were not genuine. The company’s customer care officials have also replied to users who tried contacting them, confirming that the emails were fake.

The company has not given out any official statements as of now and has requested for some time. They said they will address one complaint at a time as they do not want to whip up a frenzy.

What tricked the users was that the mail was looked legit and instilled fear in everybody. There are speculations and skepticisms in various reddit forums saying this is indirectly related to an attempt to manipulate prices of Bitcoin.

Here are a few user examples who received emails:

Sushanth posted on a forum,

“I got this message from “” addressed to my name with proper text and graphics. It fooled me until I called their phone support to verify it’s fake. PayPal confirmed to me over the phone that the email is fake. PayPal is not banning accounts with cryptocurrency activity. This is a sophisticated attempt to manipulate the price of Bitcoin.”

David Veksler of the Foundation for Economic Education and the Atlanta Bitcoin Embassy explains:

“It appears to be legit, I checked the from address and the DKIM. Then I called PayPal support and she said that from the email address, it does not appear to be legitimate. She then checked my account and said that it is fine – there are no flags of any kind on it. I then posted on the Paypal community site and Reddit, and a bunch of people replied saying that they got the same email.”

A forum commenter questioned, to which another user insisted:

The most recent explanation by a PayPal user was –

“The email address from which the email was received was and not paypa[l].com. The capital ‘i’ was confused for ‘l’.”

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TRON [TRX] Test Net’s countdown launch announced by Justin Sun – Markets turn optimistic!

Neil Kumar



Source: Max Pixel

Justin Sun announced the launch of a countdown timer for TRON’s Test Net which is expected to go live in 12 days on March 31st this year. The TRON community has been waiting for TRON’s Main Net release as it removes the Ethereum dependency and opens doors to a bigger market. The Main Net was initially scheduled for July 1st but now has been preponed to May 31st which could shake things up for TRX.

Justin Sun's announcement of the Test Net countdown

Justin Sun’s announcement of the Test Net countdown

TRON over the past two or three weeks have made major strides in partnerships, updating their tech and getting their tokens listed with various exchanges. Tron, three weeks ago added the former Senior Software Engineer of Meituan and LeEco to their tech to cope with increasing adoption.

Two weeks ago, TRON [TRX] got listed on Bittrex and Upbit, a South Korean exchange which propelled the prices momentarily. It later got added to 6 other exchanges which bumped up the TRX prices again despite the market slow down.


Analysts call the BitGuild and TRON partnership which happened earlier last week to be a game changer as they both share the same vision of a free content entertainment system world-wide.

Both TRON investors and skeptics believe that the Main Net could change things up around and the Test Net will showcase what the team has been working on for so long. Although a clear plan how to change the TRX token from the current ERC-20 to the main net token was not announced, a better clarification from the TRON team is expected soon.

A twitterati believes that this news has come at the wrong time

A Twitterati believes that this news has come at the wrong time

Unlike the tweet above, many from the community believe that this news comes in at the right time and there is a possibility of it coinciding with the time the markets bounce back from its current bearish grip, which if it does could possibly lead to a massive bull run lead by TRON.

Bill Carlton, a TRON investor says,

“Man, I can’t believe they are worried about the price, get smart people, not everything is about the money. TRON has in the past one month done more than most other shitcoins out there. If you have a good token to begin with and an active development team then that’s the recipe for success”

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