Metrics May Point to Ether Being UndervaluedICO OpenLedger (CRYPTO:ICOO) Price Up 1.2% This WeekICO Tokens Lost Momentum, But GBBC Survey Suggests Institutional Investors Will Get More InvolvedAnalysts See $0.17 EPS for Total Energy Services Inc. (TOT); ICO THERAPEUTICS COMMON SHARES CAN (ICOTF) SI Decreased By 99.28%Coinsquare Exchange Acquires DEX StellarX Platform As at 2019-02-10 average MonaCoin price is 0.48141079 USD, 0.00013193 BTC, 0.00406723 ETH. It’s noteworthy that is issued into circulation MonaCoin. MonaCoin average change within 24 hour is -0.99 against USD, -1 against BTC, -0.87 against ETH. Weekly report: 0.5 against USD, -5.26 against BTC, -9.35 against ETH. Monthly report: -18.17 against USD, -17.75 against BTC, -12.73 against ETH. MonaCoin MONA/BTC on bleutrade exchange is 0.48. The trading volume on bleutrade is 8.71. At the same time MonaCoin MONA/BTC on CryptoBridge exchange is 0.48. The trading volume on CryptoBridge is 642.57. MonaCoin MONA/JPY on Bitbank exchange is 0.47. The trading volume on Bitbank is 82169.22. MonaCoin MONA/JPY on Fisco exchange is 0.48. The trading volume on Fisco is 50.92. In this regard, 24 hour trading volume is 148083.13832611 USD or 40.58199119 BTC. At the same time MonaCoin market capitalization is 31620685 USD or $8665 BTC.

As the Saturday afternoon almost draws to a close, there are still plenty of crypto market changes to take advantage of. The Monacoin price is going on an absolute rampage as of right now, although few people will be able to pinpoint the exact reason for this unexpected uptrend. It is always interesting to take note of the different cryptocurrencies and their price trends throughout the weekend. Although MonaCoin has never made too much of an impact in the Western world, it is a very popular currency in Japan. This altcoin has noted some of the biggest gains in all of cryptocurrency throughout the month of April, yet no one really knows why. Over the past 24 hours, the MonaCoin price has risen by 40.3% to move back to $0.897155. There is also a strong 39% push in MONA/BTC, as this ratio has shifted back to 16.815 Satoshi. Traders looking to increase their BTC holdings will be more than happy with the way this altcoin performed today, although these gains might not remain in place for too long. On social media, it seems there is some confusion as to what is going on with MonaCoin right now. Oliver 90210 seems to indicate this pump is primarily the result of major purchases in MONA/JPY taking place throughout the day. Assuming Japan will kick off the next major bull run, this may be a sign of what is yet to come for other markets as well. $mona pumping hard today thanks to strong purchase vs $JPY in Japan 🇯🇵 Remember that Japan has a very positive legal environment for #crypto and that #Monacoin trades vs fiat there, which is uncommon.Definitely a coin to hold in portfolio ahead of a crypto rally in Japan.When signal groups and Twitter accounts start to take notice of specific markets, it may be time to get out pretty quickly. Bobcat Crypto has “detected” a potential medium strength buy signal for MONA, which seems to confirm this uptrend could be coming to an abrupt halt in the very near future.Bobcat has detected a potential MEDIUM strength BUY Signal for $MONA (Monacoin). Buy Volume Increase of 275.99%. Price Increase of 14.76%. Current Price BTC 0.000162 ($0.8625447) Trade detected on exchange: Bittrex (https://t.co/bnHwdDfaJh) #MONA #Crypto #Bittrex #MonacoinFor those who actually look at the MonaCoin chart, it quickly becomes apparent this momentum makes little to no sense. While it is intriguing to see an alternative market move up in quick succession, it seems someone tried to pump the price a lot higher in the past few hours and failed miserably at sustaining it. All things considered, the uptrend affecting MONA makes people good money, but its actual momentum seems to lack real conviction. As most of the trading volume comes from Bitbank’s JPY pair, it is also evident the rest of the world shows no real interest in this currency right now. Its value on Livecoin, for example, is still $0.18, which creates a rather big gap. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

In this issue of The Daily, we report on a planned US regulated cryptocurrency exchange by Riot Blockchain, the arrest of a hacker in Japan allegedly stealing 15 million yen of monacoin, and several new investors in Coinflex.Also read: US sanctions Moscow Evrofinance Bank for participation in PetroRiot Blockchain, Inc. (NASDAQ: RIOT) has filed an application with the Securities and Exchange Commission (SEC) for Riotx, the US digital currency exchange. The document shows that the company intends to start trading on the stock exchange with Bitcoin Core (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH), paired with US Dollars. Riot Blockchain has stated that it has selected these coins on the basis of internal and external assessments and will only include currencies for which full authorization is legally and legally permitted.The upcoming interchange will consist of three core services, and Riot intends to acquire them through third-party involvement. Banking services are provided by Synapse Financial Technologies, Inc. (Synapsefi). a commercial engine is provided by Shift Markets; A provider of digital wallets is still not announced. The company expects to launch its digital Riotx currency exchange by the end of the second quarter of 2019.Prior to October 2017, Riot was a biotechnology company called Bioptix, Inc., which specializes in the development of veterinary diagnostic tools. On October 4, 2017, Bioptix announced that the name was changed to Riot Blockchain and the business focus shifted to investing in blockchain technologies. In February 2018, a class action lawsuit was filed in the southern district of Florida in connection with the move.According to media reports from Japan, the police caught an 18-year-old man who allegedly stole a monacoin worth 15 million yen. The young hacker is accused, among other things, of committing fraud with computers. He reportedly exploited vulnerabilities in an online wallet called Monappy to steal the money of around 7,700 people. Mona is a cryptocurrency based on a Japanese-popular Cat Meme created as a fork by Litecoin.According to the Japanese police, this is the first time a crypto hacker has been uncovered in the country. This despite the fact that he used Tor to hide his online identity and kept the stolen coins in an anonymous exchange abroad. The police claim to have identified him by analyzing the block chain transaction records.Coinflex, a physically delivered crypto futures exchange, has announced that the investment firm Digital Currency Group and the blockchain investment company Polychain Capital are among its investors. Olaf Carson-Wee, CEO of Polychain, commented: "As a physical futures exchange, Coinflex will be well positioned to capture significant order flows from speculators, institutional traders and proof of work miners seeking to hedge crypto price fluctuations and hashrates Volatility."The stock exchange also announced the creation of its own token, called the Flex Coin, to promote liquidity and reward members trading on the platform. This is a practice that has spread among the stock exchanges, with the seventh most valuable crypto asset marketed in the world today – the Binance coin – such a replacement marker.Coinflex is headquartered in Hong Kong and is registered in the Republic of Seychelles. It belongs to a consortium that includes Trading Technologies International Inc., crypto trader Mike Komaransky and Dragonfly Capital Partners. The B2C2, Global Advisors, Alameda Research, Amber AI, Grapefruit Trading, Coinfloor and their subsidiaries are also involved in Coinflex.What do you think about today's news? Share your thoughts in the comments below. Check and track Bitcoin cash transactions with BCH Block Explorer, the best of its kind in the world. Stay in our market charts on Satoshi & # 39; s Pulse, another free and original service from Bitcoin.com, about your holdings, BCH and other coins to date.The article In the daily paper: Riotx Exchange, Monacoin Hacker and Coinflex Investors first appeared on Bitcoin News.Source: old>-hacker-coinflex-investors/TheBitcoinNews.com is there for you around the clock to keep you up to date on everything Krypto has to offer. How do we do? 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AltCoins Monacoin, the crypto coin to mine with Lyra2Rev2 algorithm 21st October 201721st October 2017 Jordi Carrera Lyra2Rev2, mining, monacoin Lately, it is fashionable Monacoin, a currency crypto that can be mined with Lyra2Rev2. Especially it suits all Nvidia graphics cards very well. What is MonaCoin? (MONA) is a decentralized and open source currency crypto that offers both private and transparent transaction types. Payments are posted in a public blockchain, but the sender, recipient, and amount of a transaction remain private. Monacoin was created at the end of 2013, being a bifurcation of Litecoin, squeezing and perfecting the mining with a new algorithm: Lyra2Rev2. It has a great trajectory in the country of the Rising Sun, and that demands to be recognized as the first cryptocurrency developed in Japan. They are, it seems, the first blockchain to add the SegWit protocol, rather than the popularly known Litecoin currency. Mining is based on its consensus protocol and employs Test-of-Work (POW), being able to mine with GPU. With the rise so strong, for now, it is in the first position of the most profitable currencies. Characteristics: Lyra2REv2 -Time to generate a block is 1.5 minutes. The reward 25 MONA per block -Maximum of coins issued 105,120,000 units. Block reduction every 3 years approx. Not pre-mined. The Japanese behind fashion The Lyra2REv2 algorithm is working very well on Nvidia-based mining equipment. So the current profitability of equipment increases substantially. The work in crypto mining with MONA, is still high compared to other currencies and algorithms at this time. Also, if we have many Nvidia cards, it is also a good alternative. The Japanese have always been very united in everything, such as the video game market. They continue to make video games for old consoles, although the demand is within the country itself. Now MONA is using it within the territory and is being a success. We can already see online stores: Some may not be available. This coin is widely known in Japan, and there are many web markets that exchange products and services with MONA. In addition, we find similar virtual stores like Amazon or Neweggs, that accept it as form of payment. Many of the social networks that we can discover can give MONA tips. Different developers are creating many tools to facilitate the use to anyone. In the country Nippon, there is much fashion with this graceful coin and its use will skyrocket in the next few years. No doubt as a community and support we have decades ahead. Its official website is https://monacoin.org SERVICES Shops http://ilab.cc/ http://monacoinbounty.forumjap.com/ https://monapay.com/ http: // monaca.pw/ http://monadou.jimdo.com/ http://nasbian.businesscatalyst.com/ http://monacoingarageshop.jimdo.com/ http://monacoinshop.web.fc2.com/ http: // monacoin.web.fc2.com/ http://monacoshop.jimdo.com/ http://monat.dip.jp/ http://monaphot1.wix.com/monaphoto http://johnnypiv.jimdo.com/ http : //yoshiotanaka.weebly.com/index.htm http://azn.monatr.jp/ http://monasteam.blog.fc2.com/ http://monatoys.web.fc2.com/ http: // 4jo-half.monach.net/ http://monacoin.html.xdomain.jp/ http://buybrain.monach.net/ http://ship.monash.pw/ http://hashratecom.wix.com/mona-steam http://monacoin.cart.fc2.com/ https: // kazuki -pw.ssl-netowl.jp/monap/ We have a clear example of a united community with the same purpose. Give strength to this nice crypto Monacoin coin. Jordi CarreraShare:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Reddit (Opens in new window)Click to email this to a friend (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pocket (Opens in new window)Share on Skype (Opens in new window)Click to print (Opens in new window)

In a significant move for Japanese cryptocurrency patriotism, exchange bitFlyer has added Monacoin (MONA) trading to its platform. The homegrown altcoin has a low-key but devoted following in Japan’s mining and online gaming community. Also read: The Crypto Bar: What Is Bitcoin Cash? Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline BitFlyer sent out an email notification about the Monacoin addition to users on Wednesday morning Japan time. It will allow direct trading between JPY and MONA, without having to trade via BTC. The platform also has trading in BTC and BCC, ETH and ETC, and LTC. BitFlyer is one of the oldest and most popular digital asset exchanges still operating in Japan. It’s arguably also the most prominent public face of Bitcoin in Japan, thanks to a long-running TV ad and poster campaign. At the beginning of October it became the third exchange to obtain an operating license from Japan’s Financial Services Agency (FSA). Japanese exchange Zaif also trades MONA, though curiously altcoin-friendly Coincheck doesn’t. But what is Monacoin? It first launched at the end of 2013, and picked up a lot of buzz with its cat emoji logo and online following on Japanese message boards like 2channel. Local media picked up the “like Bitcoin, but made in Japan” narrative in 2014, and it became part of the country’s post-Gox crypto mystique. At one point, TV news even reported a real estate deal paid in MONA. Like most altcoins, mainstream interest waned after that, but MONA experienced a new price boom in 2017. It’s currently worth about $0.80 USD, and there are several online marketplaces and gaming sites that accept it as payment for all manner of products, like the Monacoin cookie pictured above. Monacoin’s other claim to fame is as the first cryptocurrency to activate SegWit — in April 2017, just ahead of Litecoin. The following video explains the appeal and size of its community pretty well: Will Monacoin ever be big outside Japan? Let’s hear your thoughts.

In this edition of The Daily we cover a planned U.S. regulated cryptocurrency exchange from Riot Blockchain, the arrest of a hacker in Japan who allegedly stole 15 million yen of monacoin, and a couple of new investors in Coinflex.Also Read: US Sanctions Moscow’s Evrofinance Bank Over Involvement With PetroRiot Blockchain, Inc. (NASDAQ: RIOT) has filed with the Securities and Exchange Commission (SEC) regarding its planned U.S.-based digital currency exchange, Riotx. The document shows that the company intends to launch trading on the exchange with bitcoin core (BTC), bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH), paired with one another and also for U.S. dollars. Riot Blockchain explained it has selected these coins based on internal and external reviews, and will only include currencies for which it has full regulatory and legal authorization to list.The upcoming exchange will be comprised of three core services and Riot intends to acquire each of these by engaging third party vendors. Banking services will be provided by Synapse Financial Technologies, Inc. (Synapsefi); a trading engine will be provided by Shift Markets; and a provider of digital wallet services is still unannounced. The company anticipates launching its Riotx digital currency exchange by the end of the second quarter of 2019.Before October 2017, Riot was a biotechnology company known as Bioptix, Inc. that specialized in the development of veterinary diagnostic tools. On October 4, 2017 Bioptix announced it was changing its name to Riot Blockchain and shifting its business focus to investing in blockchain technologies. In February 2018 it was hit with a class action lawsuit in the Southern District of Florida related to the move.According to media reports from Japan, police forces have caught an 18-year-old man who allegedly stole a total of 15 million yen (about $134.5K) worth of monacoin. The young hacker is accused of committing fraud using computers, among other allegations. He reportedly took advantage of vulnerabilities in an online wallet called Monappy to steal the funds of about 7,700 people. Mona is a cryptocurrency based on a cat meme popular in Japan that was created as a fork of litecoin.According to Japanese police, this is the first time a crypto hacker has been exposed in the country. This is despite the fact that he used Tor to hide his online identity and stored the stolen coins in an anonymous exchange abroad. The police claims to have identified him by analyzing blockchain transaction records.Coinflex, a physically delivered crypto futures exchange, has announced the addition of investment firm Digital Currency Group and blockchain investment company Polychain Capital to its lineup of investors. Olaf Carson-Wee, CEO of Polychain, commented, “As a physically-settled futures exchange, Coinflex will be well positioned to capture significant order flow from speculators, institutional traders and Proof of Work miners seeking to hedge against crypto price volatility and hash rate volatility.”The exchange also announced the creation of its own token, called flex coin, to encourage liquidity and reward members who trade on the platform. This is a practice that has spread among exchanges, with the seventh most valuable crypto asset by market cap in the world today – Binance coin – one such exchange token.Based in Hong Kong and incorporated in the Republic of Seychelles, Coinflex is owned by a consortium that includes Trading Technologies International Inc., crypto trader Mike Komaransky, and Dragonfly Capital Partners. Market markers B2C2, Global Advisors, Alameda Research, Amber AI, Grapefruit Trading, Coinfloor and its subsidiary companies also have partial ownership of Coinflex.What do you think about today’s news tidbits? Share your thoughts in the comments section below. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. Avi Mizrahi is an economist and entrepreneur who has been covering Bitcoin as a journalist since 2013. He has spoken about the promise of cryptocurrency and blockchain technology at numerous financial conferences around the world, from London to Hong-Kong. Older PostsOriginal ArticleGet This Free Video On How TO Make $200 - $500 Per Hour Trading With Crypto Save my name, email, and website in this browser for the next time I comment.This site uses Akismet to reduce spam. Learn how your comment data is processed.

thebreakingnewsheadlines 1 day ago Cryptocurrency Leave a comment 35 Views On this version of The Day-to-day we quilt a deliberate U.S. regulated cryptocurrency change from Rise up Blockchain, the arrest of a hacker in Japan who allegedly stole 15 million yen of monacoin, and a few new buyers in Coinflex.Additionally Learn: US Sanctions Moscow’s Evrofinance Financial institution Over Involvement With PetroRise up Blockchain, Inc. (NASDAQ: RIOT) has filed with the Securities and Alternate Fee (SEC) referring to its deliberate U.S.-based virtual forex change, Riotx. The report presentations that the corporate intends to release buying and selling at the change with bitcoin core (BTC), bitcoin money (BCH), litecoin (LTC), and ethereum (ETH), paired with one any other and in addition for U.S. bucks. Rise up Blockchain defined it has decided on those cash in accordance with inner and exterior evaluations, and can best come with currencies for which it has complete regulatory and prison authorization to record.The impending change shall be created from 3 core products and services and Rise up intends to obtain every of those through attractive 3rd celebration distributors. Banking products and services shall be equipped through Synapse Monetary Applied sciences, Inc. (Synapsefi); a buying and selling engine shall be equipped through Shift Markets; and a supplier of virtual pockets products and services continues to be unannounced. The corporate anticipates launching its Riotx virtual forex change through the tip of the second one quarter of 2019.Prior to October 2017, Rise up was once a biotechnology corporate referred to as Bioptix, Inc. that specialised within the building of veterinary diagnostic equipment. On October four, 2017 Bioptix introduced it was once converting its title to Rise up Blockchain and transferring its industry focal point to making an investment in blockchain applied sciences. In February 2018 it was once hit with a category motion lawsuit within the Southern District of Florida associated with the transfer.In step with media experiences from Japan, police forces have stuck an 18-year-old guy who allegedly stole a complete of 15 million yen (about $134.5K) value of monacoin. The younger hacker is accused of committing fraud the use of computer systems, amongst different allegations. He reportedly took good thing about vulnerabilities in an internet pockets referred to as Monappy to scouse borrow the finances of about 7,700 folks. Mona is a cryptocurrency in accordance with a cat meme standard in Japan that was once created as a fork of litecoin.In step with Jap police, that is the primary time a crypto hacker has been uncovered within the nation. That is even supposing he used Tor to cover his on-line identification and saved the stolen cash in an nameless change in a foreign country. The police claims to have recognized him through inspecting blockchain transaction data.Coinflex, a bodily delivered crypto futures change, has introduced the addition of funding company Virtual Foreign money Workforce and blockchain funding corporate Polychain Capital to its lineup of buyers. Olaf Carson-Wee, CEO of Polychain, commented, “As a physically-settled futures change, Coinflex shall be neatly situated to seize vital order drift from speculators, institutional buyers and Evidence of Paintings miners looking for to hedge in opposition to crypto value volatility and hash fee volatility.”The change additionally introduced the advent of its personal token, referred to as flex coin, to inspire liquidity and praise participants who business at the platform. This can be a observe that has unfold amongst exchanges, with the 7th most beneficial crypto asset through marketplace cap on this planet nowadays – Binance coin – one such change token.Based totally in Hong Kong and included within the Republic of Seychelles, Coinflex is owned through a consortium that comes with Buying and selling Applied sciences World Inc., crypto dealer Mike Komaransky, and Dragonfly Capital Companions. Marketplace markers B2C2, International Advisors, Alameda Analysis, Amber AI, Grapefruit Buying and selling, Coinfloor and its subsidiary firms even have partial possession of Coinflex.What do you take into accounts nowadays’s information tidbits? Proportion your ideas within the feedback segment under. Check and observe bitcoin money transactions on our BCH Block Explorer, the most productive of its type any place on this planet. Additionally, stay alongside of your holdings, BCH and different cash, on our marketplace charts at Satoshi’s Pulse, any other unique and loose provider from Bitcoin.com. Avi Mizrahi is an economist and entrepreneur who has been masking Bitcoin as a journalist since 2013. He has spoken concerning the promise of cryptocurrency and blockchain generation at a lot of monetary meetings world wide, from London to Hong-Kong.Virtual asset control company CoinShares just lately launched their evaluation of the crypto asset marketplace …Your email address will not be published. Required fields are marked * Notify me of follow-up comments by email. Notify me of new posts by email.

Share on FacebookShare on TwitterShare on Google+Share on RedditShare on PinterestShare on LinkedinShare on TumblrJapanese home-grown cryptocurrency Monacoin, tagged as being the countrys first digital currency, has rocketed more than 80% in just 24 hrs, gaining plenty of market attention.With the equivalent of USD 140 million changing hands just on @bitbank_inc, Japanese crypto traders are enthusiastic, particularly as this recent activity marks a second major spike in the cryptocurrency after a 40% leap last month.Analysts believe that the surge in price is connected to the news that Monacoin will soon be trading on Japans Coincheck exchange although it is still not listed on some of the worlds major exchanges. If exchanges such Binance begin to take an interest, then it is thought this will further leverage the currency.Buyers are always looking for an opportunity to find an altcoin which can deliver, particularly as the market is beginning to show signs of recovery. Coins like Bitcoin Cash, Litecoin, Monacoin, and others have the perception of being cheaper and, therefore, less risky, hence attracting plenty of attention when they start to move. Litecoin recorded an increase of 13% on Friday whereas Bitcoin recorded only a 1.5% increase on the same day.With a 24-trade pump such as this, it is only a question of time before more Japanese traders take notice, which could eventually lead to a more widespread trading opportunity for Monacoin across more exchanges, following in the recent footsteps of Litecoin as it eclipsed Bitcoin.Follow BitcoinNews.com on Twitter: @BitcoinNewsComTelegram Alerts from BitcoinNews.com: https://t.me/bconewsWant to advertise or get published on BitcoinNews.com? View our Media Kit PDF here.Image Courtesy: Pixabay

Japans native cryptocurrency, Monacoin (MONA), surged suddenly on September 14, recording a day-over-day increase of 17% in terms of percentage change. MONA rebounded sharply, having being oversold after continuing a trend of hitting fresh lows since August. The moves also followed observations in the latest report issued by the Japan Virtual Currency Exchange Association (JVCEA), which stated that the Japanese market was starting to buy more MONA again.Monacoin is Japans first home-made cryptocurrency. It was developed in 2014 by a person who identifies himself as Mr. Watanabe. Its main users are Japanese. It is a popular cryptocurrency among Japanese people because multiple cryptocurrency exchanges handle MONA in Japan.MONA surged after Japans leading cryptocurrency exchange Coincheck listed MONA on June 5. However, the price had shown a downward trend since then, approaching 100 yen on September 13.Meanwhile, according to the statistics of 18 member cryptocurrency exchanges published by JVCEA on September 10, holdings of XRP, MONA, and LTC, which had remained low, began to increase from the beginning of 2019, amid a sustained decline in holdings of major Bitcoins (with profit-taking probably affected by the BTC price surge). It was reported that a notable increase in the growth rate of MONA holdings was confirmed in June and July.*This article was written by FISCO.

There is no better time than now Your first deposit is on us There is no better time than now Your first deposit is on us When you see its logo, you might think it’s a joke, but it really isn’t. MonaCoin is a Japanese cryptocurrency that has been growing in popularity as an alternative to bitcoin. It was given the name after Mona the cat, a popular character in Japan that is often used in cartoons and anime. Despite the name and logo, it has been a seriously profitable cryptocurrency lately, and everyone is paying attention. Unlike other cryptocurrencies that have a whitepaper and a team of experts behind it, MonaCoin does not. In fact, the actual creator is not known. Just like bitcoin was first proposed by Satoshi Nakamoto, a pseudonym, this cryptocurrency too was created by Mr. Watanabe, which is also a pseudonym in Japan. Furthermore, it was only initially used as a joke – a way to congratulate someone on 2channel forums. Since then, it has acquired a lot of other uses, including acting as a currency in Japan where the practice is legal. Its use in cafes and restaurants has now become common in certain areas of Japan. Its original function among gamers too has remained and it is still often used for shopping electronics. It uses a unique mining system, though, known as Lyra2RE (v2) similar to that of Vertcoin (VTC). There are about 56 million MONA in circulation and a maximum supply of 105 million. Yesterday, MonaCoin’s market cap surpassed the $1 billion hurdle before correcting downward to its current $924 million market cap. At the same time, prices spiked to an all-time high of $19.82 according to Coinmarketcap. On the 1st of December, each coin was worth $6.16, giving it more than a 200% growth rate in under a week. This most recent price surge came after Japan’s Financial Services Agency allowed it to be listed on four more exchanges in Japan. Upon the news, the trading volume of bitcoin on Xtheta increased and even surpassed that of bitcoin. So far, Monacoin has been limited to Japan only and there has been very little trading outside the island. The ‘Galapagos effect’ seems to have taken over to propel the coin to among the most popular cryptocurrencies in the world. Japan is in itself a major cryptocurrency market, and they have in the past also favoured their own products. Take Facebook, for example, which the Japanese had ignored in favour of their own Mixi. The case of Monacoin seems to be the same as that, where the Japanese are enthusiastic about it simply because it is their own. The problem with this cryptocurrency is that it is limited only to the Japanese market. Although huge, it is not enough to compete against other great cryptocurrencies like Ripple, Litecoin, IOTA and even Bitcoin. I don’t see much utility in it either, which makes me think that it is really only a passing trend that will fade away in 2018. For now, it may have some more time in the limelight, perhaps even make it to the top 10, but it won’t stay there for long. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. We won’t spam Trade Bitcoin Futures with Markets.com Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. We won’t spam you.

Never mind the cute Shiba Inu of dogecoin, people in Japan are falling for a new Internet meme-based cryptocurrency - the locally invented and cat-logoed 'monacoin'. While it has only about a third the market cap of dogecoin, the scrypt-based monacoin held a 12th place ranking for the past week on Coinmarketcap and was in the top 10 on Cryptocoinrank with a market cap of $6.13m - despite estimates that 90% of its user base is located in Japan. Few other, if any, non-bitcoin cryptocurrencies have achieved this level of interest with such a geographic concentration of users. At least five online and physical stores, plus an auction site, now accept monacoin for payments and the currency is traded on five exchanges: three in Japan, China's ybex and the BVI's AllCoin.com. A monacoin tipping system, developed by a 17-year-old high school student, is also active. Monacoin's 90-day price graph has started to look like a mini-version of bitcoin's three-year chart: it has gone from a flatline value of around three yen (¥) through May and June, before rising in early July and shooting up to a high of ¥80 on 1st August. It has since fallen back to ¥44.6 with a market cap of $4.17m at press time (note: ¥1 equals roughly $0.01). Monacoin price chart for the last three months. Source: cryptocoinrank.com Why the sudden dramatic rise and drop? Some interest can be attributed to the WBS TV network in Tokyo, which ran a report on its program 'World Business Satellite'. Viewers said the report was generally positive in nature compared to Japanese mainstream television's coverage of bitcoin, which tends to focus heavily on Mt. Gox and the Silk Road. The show mentioned a man that recently bought a plot of land in Nagano Prefecture with monacoin as mentioned in a tweet: -ます。#wbs pic.twitter.com/HdQhjH56T6 -- ＷＢＳ（ワールド�"ジネスサテライト） (@wbs_tvtokyo) July 7, 2014 "This piece of land was recently purchased for 32,001 MONA. 'Mona' is an internet-based 'virtual currency' unit started in Japan. Virtual currencies have been on the wane due to bitcoin's scandals, but now the next trend is starting to appear from Japan. Report from our Economic Case Files." The subsequent fall could be due to speculators seeing a bubble and dumping their holdings. At the price peak, those 32,001 MONA would have been worth $25,000. The success of the altcoin may also be the result of Japan's desire to produce its own native version of everything, with information in its own language. For years, Japanese shunned Facebook to use the locally-developed social network Mixi. The only downside was it wasn't open to anyone outside Japan. Apple products and even smartphones in general took slightly longer to take off in Japan, as locals were happy with the Internet-connected handsets they already had. This so-called 'Galapagos effect' in both technology and entertainment is almost inevitable when you're an island country with 125 million people and a proprietary language. Add to this the fact that bitcoin's documentation, developer materials, forums and most online information are written in English, and it's easy to understand why some in Japan might also want to develop their own cryptocurrency. There is also plenty of information available in English, including a subreddit. Keiichi Hida, a prominent digital currency enthusiast and lobbyist with 'Rising Bitcoin Japan' in Tokyo, told CoinDesk it is important to have something to which people could relate: "A few early adopters of cryptocurrencies recognized it at an early time. But almost all monacoin information is on Japanese websites and in Japanese. So monacoin was more accepted by other Japanese." Hida uses monacoin and, as well as his bitcoin advocacy activities, he and some friends formed the Monacoin Foundation. The foundation has so far promoted the use of the cryptocurrency in Japan by holding three information seminars in Tokyo and Osaka. Unlike bitcoin, however, monacoin's lead developers are not members of the foundation. Monacoin was launched in December 2013 on Japan's Internet mega-forum 2channel ('ni-channeru'). The capital of Japanese online culture, 2channel has over 600 active message boards covering nearly every topic of interest and is one of the more popular sites in the country. Introducing the altcoin on the forums was the pseudonymous 'Mr Watanabe', who has never revealed his real identity. That may sound familiar. Unlike the equally publicity-shy Satoshi Nakamoto, however, monacoin users are almost certain that Mr. Watanabe is  Japanese. Monacoin is not intended to be a 'national altcoin' in the spirit of Iceland's Auroracoin and its many followers, and there is no 'airdrop' or handout planned so far. In his original forum post introducing monacoin, Mr Watanabe suggested the coin was a game, with the mission of the game to find its hashes. Just as games like Final Fantasy XIV and DragonQuest had their own proprietary currencies, monacoin would be the same. Monacoin is not supposed to be similar to securities, he continued, but more like points accrued to be spent only in the monacoin network. "I'm writing this clearly so there are no misunderstandings," he said. Front cover of the 'MonaComi' manga Monacoin, Hida said, is a good match for Japan's geek/gamer 'otaku' culture. Its name and logo are based on 'Mona', a cat-like ASCII art character used on 2channel. Monacoin tips are popular with manga fans and creators. A Google image search for 'monacoin' uncovers a plethora of different monacoin memes, 'monacoin-chan' characters and mascots (as well as pictures of Monaco, which has probably missed a trick with the name should it ever decide to launch its own altcoin). This summer will see the launch of MonaComi, a manga comic based on monacoin which has so far collected 18,000 MONA in donations. Disclaimer: The author of this article lives in Japan but is not involved with the monacoin project or Foundation, and does not currently hold any monacoins. MonaComi image courtesy 'rinrin-san' The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Cryptos with Potential - [MONA] MonaCoin - Japanese Meme Power!claritypavilion (63) in cryptocurrency 10 months agoWelcome back to my Crypto Journal This is where I lay out my research related to the Cryptos I believe in. It's best to make informed decisions based off solid information, and these posts help form a foundation for supporting various Cryptos. I'm happy to report significant gains with all of the previous coins I have written about, but that's no big deal since the market has been in a massive growth cycle for a few months now. Now that we're settling into what looks like a bearish and lop-sided market, it's more important than ever to put your money into the projects that make sense. If it's too complicated, it probably won't be widely adopted. If it smells like a scam, it probably is one. Well we have that out of the way, let's talk Japan. For a long time, Japan's young population has been enthralled and obsessed with anime. Spanning across action mangas, teen stories, into Kawaii and DESU DESU territory, we've all seen the booming culture of Japanese Drawn Art. It's not just Japan either, it's the whole world! One of the many digital translations of these concepts is Mona, a type-written cat. Say hi! /\__/\ | _) Why is Mona important for understanding MonaCoin? Because the power of memes going hand in hand with microtransactions. Right now, there are stores all over Japan accepting MONA, as well as many ATM's offering withdrawals from JPY. Wow.. Check THIS out! https://zaif.jp/smart_atm Those are all the Mona ATM's.. MONA is a simple microtransaction cryptocurrency, making it's widespread adoption based around the surge of crypto enthusiasts in Japan. It hasn't actually fully been realized, and as such, poses a great growth aspect for any portfolio. What I've learned from Mona Coin Even though this coin's performance in the market has been strong and relatively consistent, you can't help but wonder how exactly this coin made it to the big leagues - being offered in exchange for FIAT is massive. I mean, look at their website - https://monacoin.org/en/index.html It's horrible! ...Is it true.. that all you need for a coin to be successful is a meme built around the coin? My answer to that is.. Yes and No. Of course, meme's being defined as "The smallest unit of an idea," it's easy to see it's usefulness in marketing, and thus overall adoption. But there has to be an underlying structure to build upon to make the project something unique. For MONA, the underlying structure is the rampant surge of Bitcoin supporters. They used the industry of cryptos, and the fact that ATM's are being used more widely, to distribute an alternative to Bitcoin. Not just an alternative, but a cute and kawaii alternative. This electronics store adopted the currency for payment, Who would choose to pay in Mona? Who would choose to pay in Bitcoin? All I know is, if they've built their payment gateway to be this strong, the coin is currently undervalued. This is just my perspective though! I held a small amount for a while, and have recently picked up more in the dip a few hours ago. I'm looking at holding this coin for 3-4 months and seeing where the industry is at with microtransactions. I'm looking at India .. hint hint .. Much love to you guys, and as always, never trade with emotion, and do your own research! cryptocurrency beyondbitcoin blockchain technology money 10 months ago by claritypavilion (63)$0.72Past Payouts $0.72 - Author $0.66 - Curators $0.0510 votes+ claritypavilion+ rynow+ tomas-v+ kdtkaren+ trichome+ rakeshkharb+ cameronpowers+ vinsom+ sam12+ weenfanReply 1