Trending Usage of Nine Crypto Currency
Crypto currency and the Blockchain technology are attracting a mass from various industries. New funds are cropping up to gain benefit from this. A few opened up which has a very little knowledge of how crypto currency trading works. It shows that the new investors believe that trading crypto currencies is different than trading stocks, commodities or Forex.
We also agree that there are subtle differences that need to be applied if one has to be successful in trading digital currencies. The study on Bitcoin price manipulation shows the way to use nine crypto currencies. Below mentioned are the stories breaking in the world of crypto.
Bitcoin and Tether
According to Wang Chun Wei, Researcher of the University of Queensland Business School finds that the crypto currency Tether has no impact on the price of Bitcoin.
“We find no empirical evidence supporting the notion that Tether grants cause subsequent Bitcoin returns to rise on a daily basis. In fact, when we examine the Bitcoin return equation of our VAR model, none of the lagged variables, impacts Bitcoin returns. This suggests Bitcoin returns are showing greater signs of market efficiency than previously studied on older datasets.” Wang Chun said.
Tether is a stable coin that maintains its value of approximately $1.00 despite the volatile swings of the market. But some have raised question on company’s claims that each coin is backed 1:1 by the US dollar and also accused the company for issuing large number of Tether just to drive up the price of Bitcoin.
Ethereum and Zcash
Though Zooko Wilcox, co-founder of Zcash reacted and clearly said it would likely never happen because the end result would create three separate block chains instead of one.
NEO started a new program to keep its platform protected and smooth. This new program rings the developers who find bugs on the blockchain can earn up to $10,000, and anyone who highlight potential issue can send an email to [email protected].
Bitcoin, XRP, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Monero, and Dash UNICEF France have adopted these nine crypto currencies to tack the power of blockchain for good.
Bitcoin, XRP, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Monero, and Dash will accepted for the charity as well. On this Sébastien Lyon, the organization’s director, says :
“Crypto currency and blockchain technology used for charitable purposes offer a new opportunity to appeal to the generosity of the public and continue to develop our operations with children in the countries of intervention.”