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ARK Price Jumps 48% After Binance’s Announcement

June G. Bauer

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ARK Price Jumps

Binance, the world’s largest cryptocurrency exchange, has officially enabled ARK staking on its exchange platform. Users can earn passive income by just holding at least 5 ARK coins on their exchange wallets.

Following Binanace’s announcement, the value of the cryptocurrency ARK coin rose by 48 percent last night. At the time of writing, ARK coin is worth $0.214, giving it a $25.8 million market cap.

Ark is one of the most ambitious solid projects in the crypto space. Ark is an all-in-one blockchain platform that aims to create an entire ecosystem of linked chains and a virtual spider web of endless use cases that make ARK highly flexible, adaptable, and scalable.

What is Crypto Staking?

In practice, staking allows customers to earn what is essentially interest on any cryptocurrency they hold, rewarding HODLers with a stream of passive income.

Currently, Binance supports staking for several PoS (Proof of Stake) coins, including Stellar (XLM), Algorand (ALGO), NEO (GAS), Ontology (ONG), VeChain (VTHO), Tron (BTT), Komodo (KMD), Stratis (STRAT), and Qtum (QTUM).

ARK/USD Price

*Charts are provided by cryptocompare.com

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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Project Review: Pi Network, a New Scam Project in Town

M. Ali

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Lately, we have been receiving a lot of spamming referral links to join a new cryptocurrency project called “Pi Network”. I have decided to give it a try and to check their official website and to install Pi Network App on an Android Emulator to test it out.

According to Pi Network official statement: Pi is a new digital currency. This app allows you to access and grow your Pi holdings and serves as wallet to host your digital assets. Pi is fairly distributed, eco-friendly and consumes minimal battery power.

At the time of writing, Pi Network has over 3.5+ million engaged pioneers (Mobile App miners), 28.5K followers on Twitter, 97K likes on Facebook and 128K followers on Instagram.

Pi Network’s website is suspicious

On first impression, PI network’s website looks poorly designed and contains some inaccurate technical information. They claim that PI network is “The First Digital Currency You Can Mine On Your Phone“, and that is not true. Some older legit crypto projects such as uPlexa (UPX) and Electroneum (ETN) are using Mobile Apps to mine crypto coins.

Pi Network’s Website

When you’re looking into digital cryptocurrency companies and startups, experts recommend that you confirm that they’re blockchain-powered, which means they track detailed transaction data. in our case Pi Networks’ website dose not contain a working Blockchain explorer link, no project announcements, no technical white paper and no links to a github page.

Statements like “Better than Bitcoin” and “The real Bitcoin” has been proven over and over again to be a classic scam and its sad that people still fall for it.

Pi Network’s mobile App is also suspicious!

Pi Network’s App on Google play has a lot of fake reviews and all written written by users who only does it to spam their referral links. Yet, the app is rated 4.9 stars and has more than one million active installs and over 43k reviews!.

Pi App

The App requires so many permissions

unlike any other crypto apps, the Android version of Pi Network app requires so many permissions. Installing Pi Network App on your phone will allow the app to access:

Device ID & call information:
read phone status and identity.
Storage & Photos/Media/Files:
read the contents of your USB storage
modify or delete the contents of your USB storage
Phone:
read phone status and identity.
Contacts:
read your contacts
Wi-Fi connection information:
view Wi-Fi connections
Other:
receive data from Internet
run at startup
full network access
prevent device from sleeping
draw over other apps
view network connections
control vibration

Draw over other apps is incredibly dangerous, the app can easily steal passwords. It can present messages as if they’re from other apps or read those messages.

Invitation code is required in order to start using Pi Network App

Once you install the app, you will not be able to use it without a valid invitation code. This is a live example of pyramid schemes and click baiting scam projects which are “viral social applications” that lure people with the promise of profit by recruiting more members so they can increase their mining power.

When you start the app, you will be “mining” at the rate of 0.25 Pi per hour. You will need invite a lot of your friends to increase your mining power/hashrate. The more people sign up using your affiliate code the more mining power you will get.

You need to activate the miner (app) every 24 hours. Pretty unproductive and inconvenient I would say, though you get a notification reminder to turn the miner on.

After testing it for 24 hours, i can say The Pi Network app is not a real crypto miner. Its just an airdrop app that gives you a tiny piece of a massive, but unknown amount Pi per-mined coins.

Pi Network App security issues

PI Network app is sending network packets to a third party domains “socialchain.app” and “rayjump.com”, which is a weird behavior.

Quora user claims losing funds after using the App

Midas Tricone has claimed on a Quora post that he lost some funds from his banking account after installing and using Pi Network App

My final conclusion about PI Network

Pi Network is pyramid scheme scam project and has nothing to do with crypto mining. You must avoid it.

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Video: Electroneum Phase Two launches at ANON Summit

Sying Tien

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Electroneum Team are launching some exciting and wide-reaching ways to use ETN, as well as two new platforms to help drive the adoption of ETN.

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THETA.tv Will Be Featured on Samsung Daily App

June G. Bauer

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Theta Network

THETA.tv, the esports video streaming platform that is powered by Theta blockchain, will soon be featured as one of the limited number of content providers available in the Samsung Daily app, alongside YouTube, Netflix, and other top streaming services.

THETA.tv platform, formerly known as Sliver.tv, rewards its users with TFuel tokens as they watch live streamers using THETA.tv Android App. Users can also earn TFUEL token rewards for sharing their excess bandwidth while watching premium video streams.

THETA.tv Screenshot

What is Theta Network?

THETA (THETA) is an open source protocol that powers a decentralized streaming network. It will allow for decentralized apps (DApps) to be built on top of the platform to enable use cases that span esports, entertainment, and peer-to-peer streaming.

SLIVER.tv’s DApp was the first application built on the Theta network leveraging its existing user base of millions of esports viewers. In Nov 2018, Tencent Games announced a collaboration with SLIVER.tv to bring Theta rewards to Ring of Elysium players. THETA and TFUEL tokens are the proprietary cryptocurrency tokens used by the network.

Theta Mainnet 2.0 is planning to be launched on Wednesday, May 27th. The new mainnet will provide significant new features and performance enhancements.

Theta/USD Price Chart

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