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Verge [XVG], EOS [EOS] and OmiseGO [OMG], the biggest gainers this week!

Neil Kumar



XVG, EOS and OMG the biggest gainers this week
Source: Maxpixel

After a very poor start to the year, last week’s dramatic hike reminded the community of the crypto volatility. Since the very beginning, the top coins like Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and Bitcoin Cash [BCH] have been the biggest buzzes in the market.

As of now, it looks like these coins aren’t the only ones taking the whole crypto-space by storm. Several altcoins such as Verge [XVG], EOS [EOS] and OmiseGo [OMG] have joined the race. Irrespective of what the market speculators believe, it sure looks like the days of altcoins is finally here. These coins have become favorite go-to altcoins for all the investors and traders in the crypto-space mainly due to its killer whitepaper, technological advancements, new partnerships, etc.

The sudden hike in the market capital and price prove that Verge [XVG], EOS [EOS] and OmiseGo [OMG] are the biggest gainers this week. According to Price.AMBCrypto, Verge is currently trading $0.094 with a market cap of $1 billion, seen more than 45% hike in the past 7 days; EOS is currently trading at $8.31 with a market cap of $6 billion seen more than 40% hike in the past 7 days and OmiseGo is currently trading at $13.36 with a market cap of $1 billion seen more than 42% hike in the past 7 days.

Jason Francis, a cryptocurrency trader, and investor says:

“I was right on betting on the alt-coins. Not like something’s wrong with Bitcoin and Ethereum, it’s just that even these coins started off with very little value and I don’t think we should loose out on the alt-coins. They seem pretty rad as well.”

Peter K, a crypto-enthusiast says:


“It’s quite interesting how the these coins have picked up. They do seem to have a lot of potential especially Verge, the coins been through so much hustle and bustle the past few days and it has emerged victorious. If this keeps continuing, we’ll be seeing it in the top 10 very soon.”

Ashwin Raj, a cryptocurrency investor says:

“I still do doubt the credibility of these coins. If you look at it in a non-linear point of view, Satoshi created Bitcoin for the betterment of humanity, I highly doubts these coins were made for the same purpose. Now-a-days its all about how to make quick money and a lot of ICO’s are here in the market solely earn money and scam people. I’m not saying that these coins are scams, I’m just saying watch out and don’t buy anything quickly.”

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Neil Kumar has been working as a full-time reporter for AMBCrypto from January 2018. He has eight years of experience in day trading markets and a three year experience working for a blockchain company. Neil writes about blockchain and technology is a strong advocate of privacy. He had a few Litecoins and Ripple tokens months before joining AMBCrypto; he currently does not have any value in cryptocurrencies or projects.


Bitfinex partners with EOSIO as a Blockchain Producer

Sthuthie Murthy



Bitfinex partners with EOSIO as a Blockchain Producer
Source: Pixabay

Bitfinex, headquartered in Hong Kong is the largest Bitcoin trading platform with over 10% of the exchanges’ trading. They offer state-of-the-art services for digital assets and liquidity providers. While their search for advanced technologies with the capacity to meet high-demands of a high-volume blockchain both legally and technically was in process, they came across EOSIO community to which they believe they can contribute significantly.

Latest tweet by Bitfinex:

“Bitfinex is pleased to present itself as an EOS Block Producer candidate.”

Bitfinex will act as an incubator to fund, nurture and advise teams that are serious about the future of EOS. Their team is an assortment of more than 100 experts from the industry including a highly versatile development team, legal experts, technical support agents, and industry advocates.

They claimed:

“Our team has gained invaluable industry experience along the way, and we aim to make use of this to enrich the teams around us — sharing information and providing guidance whenever possible.”

Being a block producer candidate, they pledge to grow the open-source nature of the decentralized digital asset space. This is done through intense research, collaborations, and community development. They aim to combine the potential of EOSIO with their own terms of research, development, and adoption at a much higher level.


A high-performance decentralized exchange platform, EOSfinex also aims to combine the scalability and potential of EOSIO. It is built on EOSIO technology, along with the financial/development expertise of the Bitfinex development team. EOSfinex looks forward to delivering a highly-scalable, on-chain trading platform.

They added:

“EOSfinex has been developed by considering speed, transparency and scalability and will be the first trust less exchange to be implemented on EOSIO-based networks.”

Apart from the development of a trustless exchange, EOSfinex will be leading the development of a secure and intuitive EOS wallet as well. The partnership is meant to leverage EOSIO’s platform for horizontal scaling of DApps. As their continuous search led them to the EOSIO platform, they aim to process tens of thousands of transactions per second with the lowest fees.

Judy Steven, a Bitfinex user says:

“This is exciting. I’m interested in learning more about this “intuitive wallet” you are developing.”

Ariana Paul, a speculator says:

“Congrats Bitfinex! Looking forward to seeing what great accomplishments Bitfinex will bring to the EOS ecosystem. I can see a three-digit price for EOS soon.”

Lessie Grundon, a market observer said:

“Honestly, I don’t think this is good. To me decentralisation is all about random people having a right to produce blocks and vote the way ahead.”

EOS has been one of the top gainers in the market that has turned bearish recently displaying significant volume gains up to 52% and currently trading at $13.19. The market cap has also noticeably gained and is worth $10 billion roughly as seen at press time.

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Jed McCaleb talks about the foundation of Stellar Lumens [XLM]

Ketaki Dixit



Jed McCaleb talks about the foundation of Stellar
Source: PxHere

The BayPay Thought Leadership event was held on 19th April, where Jed McCaleb, the Co-Founder, and CTO of Stellar Development Foundation spoke about the past, present, and future of Stellar.

He started by explaining how the transactions on Stellar work and about how they get banks on board. He says that banks are not the first ones to take up this system of transaction. However, smaller financial institutions like money transfer operators that focus on payments will be more open to adopting this method of sending money.

He said:

“We are working with a few banks and none of them are in production. I don’t think of the banks using cryptocurrency are in production… I don’t think they’re going to do anything until they see a lot of money flowing somewhere else in the ecosystem first because they are the most risk-averse, they have the most to lose essentially.. we spend most of our time outside the US – mainly focus in South Asia, Africa.”

He further explains that there is a lot of friction in places where people do not have bank accounts, wherein the adoption of the Stellar network makes it easier for them to adopt the system.

When asked about how much responsibility they have as a network to allow ICOs to function, Jed talks about the company being unable to stop anyone from issuing a token on the network but they wouldn’t be involved in the same. However, he says “Our responsibility falls on the ones that we do work with.. we want to make sure there is reputable and valuable projects”.


He also says that people need to be careful while investing in ICOs as these are the early days in the space, due to which there are a lot of scams and fraudulent activities.

A crypto enthusiast commented:

“This was a great discussion. I loved how Jed did a great job answering the questions even though they were irrelevant. I think it could have been more detailed about the backstory of Stellar and the challenges the faced instead of talking about Jed’s life history. Im sure the audience wanted to know more than just unnecessary things.”

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