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Raven Price Spiked Up 14% After a Recent Binance Announcement

M. Ali

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Ravencoin-Price-Pump

Ravencoin (RVN) had a good price pump after Binance exchange announced that it will be supporting the upcoming Ravencoin hardfork. RVN was gone around 14% up which is a decent pump in the cryptocurrency world. At the time of writing, Ravencoin price spiked from 0.00000346 Sat to 0.0000047 Sat within 30 minutes.

Ravencoin Price Spike on Binance Exchange

What is the new Ravencoin fork?

Ravencoin will be chaning its algorithms on October 1st to an updated version of X16R called X16Rv2. The new planned hardfork will prevent continued ASIC mining on the Ravencoin network, and to discourage future ASIC development of Ravencoin’s mining algorithm. This upgrade will make GPUs and FPGAs miners more than happy as they will be able to mine more Raven coins. Ravencoin users will have to upgrade their wallets to version 2.5.1 before Oct 1st

What is Ravencoin?

Ravencoin is a peer-to-peer blockchain, handling the efficient creation and transfer of assets from one party to another. it is based currentlyon the X16R algorithm and was designed to be focused on the transfer of assets within the blockchain.

Ravencoin Price Chart in USD

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at [email protected]

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ARK Coin Has been Listed on Bilaxy Exchange And Added to Abra App

June G. Bauer

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ARK-Bilaxy-Abra

ARK coin has been added to Abra, the all-in-one cryptocurrency wallet and exchange mobile App, and is available to both Android and iOS smartphone users. Abra currently supports 200 cryptocurrencies for its international customers, 96 cryptocurrencies for its US based users and over 50 fiat currencies.

ARK’s announcement

Abra was founded back in 2014 by Bill Barhydt and Pete Kelly, and had raised $35.5M in funding.


Bilaxy Exchange Listing

Bilaxy, the international blockchain asset exchange has announced the listing of ARK coin. ARK is available in BTC trading pair.

A screenshot taken from Bilaxy Exchange

Bilaxy exchange was launched on Apr 2018. The exchange is available in English and Chinese. At the time of writing the, the daily trading volume is $790,459,376.

What is ARK Coin?

ARK coin is a native cryptocurrency of the ARK blockchain platform. ARK coin was created to enable different developers to be able to use the coin to pay for the hosting of their created Dapps on the ARK blockchain platform.

ARK aims to become a global backbone of decentralized application-centric blockchains, which are called bridgechains, which will allow them to either work with each other or stay isolated in their own environment. For more information about ARK project, please check ARK’s official whitepaper.

ARK USD price chart for the last 7 days:

*Charts are provided by cryptocompare.com

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Egypt Will Issue a Digital Currency Next Year

M. Ali

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Egypt Will Issue a Digital Currency Next Year

Finally, after a long period of refusal, the Central Bank of Egypt revealed that it will complete the study to launch a digital currency next year, in cooperation with a number of international institutions.

According “Almal News“, Ehab Nasr, Central Bank’s VP assistant and head of payment systems and financial technology sector, the central bank will finalize the launch of a digital currency next year.

Nasr said that the Central Bank is cooperating in this regard with international institutions that he did not disclose, also did not disclose whether the new Egypt digital currency will be used only in internal banking transactions or will be available for public use and trade, where the study includes the need for the Egyptian market for digital currency and legislation necessary to launch .

A number of central banks around the world are seriously considering launching cryptocurrencies under their control, notably China’s central bank , Tunisia and Turkey.

The Central Bank of Egypt has repeatedly refused to deal with the use of digital currencies , including Bitcoin, pointing out that their prices are volatile due to speculation and lack of control by governments.

Recently, Arab central bankers recognized digital currencies during the meeting of the Board of Governors of Arab Banks and Monetary Institutions, and stressed the importance of addressing the risks arising from the use of digital currencies and the possible effects on monetary policies and the importance of appropriate preparation and capacity-building of central banks that wish to issue such Digital workers, development of digital identity standards, principles of customer identification, development of legislation and strengthening of international coordination in the face of risks.

Ayman Hussein, Deputy Governor of the Central Bank of the payment systems sector, said in October last year, that the Central bank began a study on the possibility of issuing an Egyptian digital currency, without disclosing further details, stressing that it comes in the context of reducing the circulation of banknotes And the transformation into a non-cash society.

Last year, The Central Bank issued a formal warning last year against dealing in all types of virtual cryptocurrencies, especially Bitcoin, because it is not issued by any central bank and is not supervised by any regulatory body in the world, and therefore lacks the official guarantee and government support enjoyed by the official currencies issued by central banks.

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Nano is Listed on Kraken Exchange

June G. Bauer

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Nano is lised on Kraken

The US-based cryptocurrency exchange has listed Nano (NANO) coin on its platform. Nano trading went live on November 6, 2019, at 13:30 UTC.

NANO had a decent 11% price spike after the listing news. Yet it seems that some whale traders have decided to take profit and dump the coin.

NANO’s Price after Kraken listing- Image from TradingView

Nano is a very simple but effective protocol, it has seen a massive influx in user-created apps and POS implementations. It doesn’t rely on expensive mining operations or reward mechanisms or trust quorums or consensus algorithms of flawed human design.

What is NANO cryptocurrency?

Initially named Raiblocks, NANO is an open-source blockchain project that was created by Colin LeMahieu in 2015. NANO is the only cryptocurrency that support the “block-lattice architecture” instead of the traditional singular blockchain. In Block Lattice, each user is assigned their own blockchain, which is called account-chain.

NANO USD Price Chart

What is Kraken Exchange?

Kraken cryptocurrency exchange was founded by Jesse Powell in 2011 and it’s considered one of the largest and oldest Bitcoin exchanges in the world. Kraken also ranks as a top-four exchange in its order book depth, the liquidity it provides and total traded volume.

*Charts are provided by cryptocompare.com

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