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Top 10 Cryptocurrencies according to Market Capitalization

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A cryptocurrency is a virtual currency that uses strong cryptography. Here is the list of the top 10 cryptocurrencies according to market capitalization.

A cryptocurrency is a virtual currency that uses strong cryptography and ensures the secure financial transactions. The decentralized control of each cryptocurrency works through distributed ledger technology that serves as a public financial transaction database. Top 10 Cryptocurrencies by Market Capitalization are:

 

1. BITCOIN- Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer Bitcoin network without the need for intermediaries. It was developed by Satoshi Nakamoto and was released as an open source. Bitcoins are created as a reward for a process called mining. Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble. Currently, Market capitalization of bitcoin is $64,140,847,078 (at the time of writing).

 

2. RIPPLE (XRP) – Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc. Ripple purports to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.” Ripple relies on a commonly shared ledger, which is a distributed database storing information about all Ripple accounts. Currently, Market capitalization of Ripple is $13,553,207,415 (at the time of writing).

 

3. ETHEREUM- Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. The system went live on 30 July 2015, with 72 million coins “premined”. This accounts for about 70 percent of the total circulating supply in 2018. Currently, Market capitalization of Ether is $13,239,604,566 (at the time of writing).

 

4. BITCOIN CASH- Bitcoin Cash is a cryptocurrency and a payment network. In relation to bitcoin, it is characterized variously as a spin-off, a strand, a product of a hard fork, an offshoot, a clone, a second version, or an altcoin. The naming of Bitcoin Cash is contentious; it is sometimes referred to as Bcash. Currently, Market capitalization of Bitcoin Cash is $2,373,018,355 (at the time of writing).

 

5. EOS.IO- EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware (CPU(s) & GPU(s) for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders. Currently, Market capitalization of EOS.IO is $2,202,994,582 (at the time of writing).

 

6. STELLAR- Stellar is an open-source, decentralized protocol for digital currency to fiat currency transfers which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a nonprofit, the Stellar Development Foundation. Currently, the Market capitalization of Stellar is $2,042,776,266 (at the time of writing).

 

7. TETHER- Tether is a controversial cryptocurrency with tokens issued by Tether Limited, which claims that each token issued is backed by one United States dollar though they may not necessarily be redeemed through the Tether platform. Tether is called a stablecoin because it is designed to always be worth $1.00. Currently, the Market capitalization is $1,968,157,051 (at the time of writing).

 

8. LITECOIN- Litecoin is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Creation and transfer of coins are based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. Currently, the Market capitalization is $1,937,516,315.

 

9. TRON- Tron will work in the same way that other content networks work: creators produce content and consumers purchase it. Other applications can be built and leverage the same resources, and the value of TRX hinges in part on the execution of code within the Tron network. Currently, the market capitalization of TRON is $1,576,802,584 (at the time of writing).

 

10. BITCOIN SV- Bitcoin SV (Bitcoin Satoshi Vision), the declared goal of the project is to realize the alleged vision of Craig Wright who claims himself to be Satoshi Nakamoto, the creator of bitcoin. However, these claims are not reliable due to the lack of a proof of knowledge of the private keys controlling the first bitcoins. Bitcoin SV is considered a useless currency by many crypto enthusiasts. Currently, the Market capitalization of Bitcoin SV is $1,471,817,930 (at the time of writing).

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#Investment

Serena Williams: Olympic star invests in Coinbase

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Serena Williams posted about the launch of her own venture firm called Serena Ventures. The firm has invested in more than 30 companies including Coinbase.

Four-time gold medalist, Olympic star and one of the most famous tennis player, Serena Williams recently posted on Instagram about the launch of her own venture firm called Serena Ventures. She also revealed that the firm has invested in more than thirty companies that include the Coinbase.

 

 

Serena Williams: Serena Ventures

The website of the venture firm reveals that the market capitalization of the list of financial assets held by the firm amounts to more than $12 billion and the diversity of the owners of the different firms that Serena Ventures has invested is around 60 percent. Serena Ventures especially focuses on companies that are still in the early stage and persuades partnership between the portfolio firms.

 

Serena Williams is a four-time gold medalist at the world Olympics and is ranked no.1 in singles according to the Women Tennis Association. The net worth of the Olympic star amounts to more than $180 million according to TheStreet.

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#Lending

New assets management dimension: VIP services for big crypto investors

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Top crypto-lending platform MoneyToken has just released a unique VIP Customer Service Program for major asset holders and institutions.

Some great news today for all crypto-holders and investors: top crypto-lending platform MoneyToken has just released a unique VIP Customer Service Program for major asset holders and institutions.

 

MoneyToken’s VIP clients gain exclusive access to their own Personal Manager who will provide them with a 24/7 high-quality service and access to a list of benefits not found anywhere in the crypto lending world.

 

This service has been specifically created to cater to busy asset holders that don’t have time to constantly manage their assets alone. If the client is busy or doesn’t have time to effectively manage his/her assets, managers will take all asset management issues, saving your time and efforts.

 

With this, MoneyToken becomes the only crypto lending platform that offers a VIP level of customer service, at a global scale.

 

Presenting a whole new level of client service to the crypto lending market, MoneyToken makes VIP service free of charge for those clients, whose assets exceed $50,000 and making it more than affordable for smaller assets with $300 monthly fee.

 

Through the MoneyToken VIP Service, clients gain access to the following list of exclusive features:

 

 

Lending services

 

With access through your VIP account to MoneyToken lending services, you can borrow credit funds using your crypto assets as collateral.

Or you can safely and securely lend your assets through MoneyToken and receive daily interest revenue by getting your investments to work for you.

 

 

Crypto assets and collateral trading

 

This is a pure crypto lending innovation: with full control over your assets, you are able to make collateral trading and account operations with the help of your Personal Manager at any time and from any location.

 

 

Short selling

 

For experienced traders who hold a VIP account with MoneyToken, use short selling to earn money on the volatile cryptocurrency market: if you foresee rises and falls in the market, you can consult your Personal Manager and look for ways to benefit from upcoming potential price changes.

 

 

Hedging

 

Hedging is a series of complex actions implemented by experienced traders and investors to lower the risks on their investments. You can convert your assets to fiat or stablecoins to protect them from sudden price falls. This includes futures, short selling, and perpetual swaps – all of which can be effectively implemented with the assistance of your Personal Manager.

 

 

Private token sales

 

All VIP clients get immediate access to closed private token sales; it gives clients the ability to make smart investment decisions and benefit for the significant discounts that private sales can offer.

 

 

OTC services

 

A great option for VIP clients to quickly convert their crypto-assets into fiat currency with no additional hassle, fees or transaction limits.

 

Focus on what you need and leave your day-to-day asset management to the experts in the MoneyToken VIP Customer Service Team.

 

27/4 Portfolio Access

MoneyToken VIP clients have access to their personal portfolio anytime from any location and on any device, with individual 24/7 assistance by contacting your Personal Manager via phone call, email or Telegram.

 

B2B & B2C Management

For major crypto-asset organizations, MoneyToken offers the perfect B2B levels of client service. Large asset holders require an individual approach that meets various business demands and that provides fast, professional assistance.

 

At the same time, the MoneyToken VIP Customer Service account works for the individual asset holder, meeting your individual demands; you can take a vacation or throw yourself into your work, leaving asset management tasks to our VIP Customer Service Team to complete on your behalf.

 

A VIP-level of Customer Service for serious asset holders and a new experience in the cryptocurrency. For more information, go to MoneyToken website.

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#Exchange

Japan to establish new regulations for cold wallets of crypto exchanges

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The Financial Services Agency of Japan (FSA) is going to establish new regulations in relation to the cold wallets of cryptocurrency exchanges.

As reported by Reuters, the Financial Services Agency of Japan (FSA) is going to establish new regulations in relation to the cold wallets for the storage of cryptocurrencies for cryptocurrency exchanges.

 

According to the report, the financial regulator of Japan is going to need a more strict internal supervision of the cold storage wallets (offline wallets) within the crypto exchanges.

 

The Financial Services Agency of Japan is going to mark the issues of protecting the security of the cryptocurrencies and other endangers to the country by establishing new regulations since the agency wants to uplift the fintech industry in order to encourage the economical growth.

 

Even though the cold storage wallets are in offline mode (not connected to the internet) and are considered a lot safer than the online wallets, Japan’s Financial Services Agency is considering the internal thefts within the organization itself. Currently, a lot of cryptocurrency exchanges do not have a procedure of rotating the individual responsible for the cold storage wallets.

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