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ARK Price Jumps 17% Following a Tweet About a Big Announcement

June G. Bauer

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Ark Coin the-coins-post

Despite the red market zone across CoinMarketCap, ARK coin price jumped 17% after ARK team tweeted about a big announcement to made on July 30th .

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ARK price at the time of writing

ARK price shot up 17 percent just after the tweet which was made around 15:00 UTC. ARK price jumped from 0.32 to 0.038 USD. If the price dose not break the daily moving average most likely ARK price will have a little correction and it will continue shooting up.

What is ARK?

ARK provides users, developers, and startups with innovative blockchain technologies. We aim to create an entire ecosystem of linked chains and a virtual spiderweb of endless use-cases that make ARK highly flexible, adaptable, and scalable. ARK is a secure platform designed for mass adoption and will deliver the services that consumers want and developers need.

ARK USD price chart for the last 7 days:



Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at [email protected] or contact her on Twitter @JuneTBauer1

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VeChain Price Drops 10% After a Hack Attack

June G. Bauer

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Vechian hack

The Singapore-based VeChain Foundation (VET) has announced that their buyback address was compromised at 12:27 pm ET on Friday. 1.1 billion VET tokens, that worth around $6.4 million, were transferred to the address 0xD802A148f38aBa4759879c33E8d04deb00cFB92b.

The stolen coins are worth 2% of VeChacin’s entire coin supply.

All the addresses associated with the said hacker’s address have been tagged on VeChainStats, the list is automatically updated as soon as the hacker sends any funds from the original hacker’s address.

Quoted from VeChain Foundation’s announcement

The foundation has notified all exchanges to monitor, blacklist and freeze any funds coming from the hacker address, and it will launch a full scale investigation into every fact around the address to determine the motive, method, and data flow behind this security incident.

The foundation attributes the hacking to a human error within the foundation and has since corrected the error and protocols, the firm said.

After the announcement, VET lost around 10% of its value. VET’s price dropped from $0.006594 to as low as $0.005770 in couple of hours.

TradingView Price Chart

What is VeChain?

VeChain is a blockchain-enabled platform that is designed to enhance supply chain management processes. By utilizing tamper-proof and distributed ledger technology, VeChain provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought.

VeChain (VET) Price Chart

*Charts data were provided by CryptoCompare.


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Filecoin Launches its Testnet

June G. Bauer

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Filecoin-Testnet

The open source blockchain project “Filecoin” has launched its testnet. The purpose of the testnet is to benchmark, evaluate and test Filecoin’s protocol before launching the Mainnet which is scheduled to go live on March, 2020.

Filecoin is a data storage network and a cryptocurrency based on Bitcoin. Users can mine and earn Filecoin (FIL) cryptocurrency by using Filecoin mining software that will share their unused storage.

Filecoin project was launched in August 2017 and raised over $257 million within 30 minutes which made it the largest token sale in history at that time. Filecoin also received investment from top venture capitalists in Silicon Valley, including Y Combinator, Naval Ravikant, Andreessen Horowitz, and Winklevoss Capital.

How Filecoin Works?

You can learn more about Filecoin by visiting the official website.

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Fetch.ai Will Launch its Mainnet

Sying Tien

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Fetch.ai

Fetch.ai will be launching it’s long waited mainnet on 19 December. Fetch.ai (FET) is a cryptocurrency token issued on the Ethereum platform.

Fetch.AI (FET), held a public token sale on Binance Launchpad that raised $6m on 25 February 2019. More than 69M Fetch.Ai tokens were sold within twenty-two seconds of the token sale.

Binance cryptocurrency exchange will be supporting the switch to mainnet. Native FET tokens will coexist with ERC20 FET tokens in a one-to-one relationship for a long time to come. There is nothing you need to do, but you can find out more about the token conversion process at FET’s official blog.

Fetch.AI is a digital infrastructure provider and data trading platform; The project was founded by Humayun Sheikh, Toby Simpson and Thomas Hain.

FET tokens being the medium exchange. It acts as a platform for autonomous digital entities to transact with one another without human intervention. This, Fetch.AI says, makes them faster than any human-operated system, ideal for rapid micro-payments and data transfers.

FET price Chart

*Charts data were provided by CryptoCompare.

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