May 21, 2017 @ 9:54 am By Jonathan Nieh A year ago, Numerai premiered itself as a “new kind of hedge fund built by a network of data scientists.” Unlike a traditional fund that makes trades based on human decision, Numerai lets anonymous programmers write open source trading algorithms based on data provided by Numerai.  They pay their programmers/data scientists bitcoin based on how well the programs perform in the market. This obviously creates competition amongst the data scientists as programs that are better able to make accurate predictions will outperform others and earn more bitcoin. A few months ago, Numerai debuted their very own cryptocurrency in order to not only combat the competition within their own fund but to destroy the very competitive nature of Wall Street itself. Called Numeraire, the new cryptocurrency is in essence very similar to bitcoin. However, the system in which it gets paid out creates new incentives for the data scientists. Numerai initially distributed 1,000,000 Numeraire tokens to 12,000 data scientists. The data scientists can then “bet” their coins on how well their algorithms perform. If an algorithm does well, the data scientist gets paid in bitcoin, like before, but also gets their Numeraire tokens back. If the algorithm does poorly, the data scientist loses their Numeraire and doesn’t get paid anything. Here’s the interesting part: when an algorithm does poorly, not only does the data scientist who created lose their Numeraire, the tokens are actually destroyed permanently. Through the betting system, everyone is incentivized to build good algorithms because if the fund does well as a whole, the value of Numeraire will go up and everyone will profit. Data scientists are thus encouraged to not only program good algorithms but to also bring in more outside programmers to improve the overall ecosystem. Here is where Numerai hopes their cryptocurrency develops into a strong network effect: the phenomenon whereby a product or service gains additional value as more and more people utilize it. There’s one problem, however: if the goal is to create an entire market built on the collaboration of data scientists, Numerai will need more and more data scientists to take part in their betting system. The vast majority of individuals willing to take part in trades are not computer programmers and the vast majority of computer programmers are not willing to take part in trades. Traders outside Numerai’s system will see an advantage of not taking part and competition will remain. It’s been a few months since the debut of Numeraire so it may be too early to tell. One thing remains clear: there’s hope that a collaborative market can exist, so long as adequate incentives are in place. Contact Us Crowdfund Insider Fintech Insider® Disclosure Quest C/O Crowded Media Group, LLC PO Box 221196 Beachwood OH 44122 USA Info: info@crowdfundinsider.com Support: support@crowdfundinsider.com Advertising: advertising@crowdfundinsider.com CI on Twitter CI on Facebook CI on LinkedIn CI on Google+ CI on Telegram Categories Featured Headlines General News Crowdfunding Portals Politics Strategy Offerings Global Fintech Real Estate Asia Women Changing Finance Services Submit a Tip Advertise on Crowdfund Insider About Us Crowdfunding Guide FAQ Terms of Service Privacy Policy Admin © 2018 Crowded Media Group. All Rights Reserved.

Founded in mid-2012, Coinbase is a digital currency exchange available in 32 countries around the globe. It brokers exchanges of Bitcoin, Bitcoin Cash, Litcoin, Ethereum, and others. Here’s more about the company and why you should consider using it to trade.

Considered the leading mainstream cryptocurrency exchange in the United States, Coinbase features a range of products, including cryptocurrency investing, an advanced trading platform, custodial accounts for institutions, a wallet for retail investors, and its own U.S. dollar stable-coin. Fully regulated, the company first got its start trading Bitcoin. However, it quickly added additional digital currencies as the overall market continued to grow. To date, the online broker offers over 30 cryptocurrencies for investment, trading, and staking.

To date, Coinbase users can trade these cryptocurrencies: Cosmos, Algorand, Band Protocol, Basic Attention Token, Bitcoin, Bitcoin Cash, Bitcoin Satoshi Vision, Celo, Compound, Dai, Dash, EOS, Ethereum, Ethereum Classic, Kyber Network, Chainlink, Loopring, Litecoin, Maker, Numeraire, OMG Network, Orchid, Augur, Stablecoin, UMA, Uniswap, Stellar Lumens, Ripple, Tezos, yearn.finance, Zcash, and 0x.

Further, a Pro membership adds trading for  Civic, district0x, Golem, Loom, and Decentraland. It includes a different fee schedule and includes advanced functions and trade abilities. 

For trades, the San Francisco-based company charges fees based on the total trade amount and payment type. Fees range from 0.5% and 4.5%. You can make payments through ACH, a U.S. bank account, your Coinbase wallet, Debit card, or wire transfer.

With Coinbase Pro, fees are based on your monthly trading volume and the asset’s liquidity at the time of purchase. Purchases and withdrawals are only available through a bank account, and wire transfer fees apply. Coinbase transactions can range from $2 to $25,000 per day; those using Coinbase Pro have a withdrawal limit of $25,000 per day.

Like other investment opportunities, neither the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC) protects trades made in cryptocurrency exchanges. Therefore, understand your entire investment is dependent on what happens in the market. In other words, you could lose your entire investment.

Coinbase operates in 42 U.S. states and the District of Columbia, and Puerto Rico. It’s not currently available in California, Hawaii, Indiana, Massachusetts, Missouri, Montana, Utah, and Wisconsin.

In terms of securing your investment, Coinbase has implemented various safeguards. First, it stores up to 97% of bitcoins in encrypted, geographically separated, offline storage. Additionally, bitcoins stored in online computers are insured.

Coinbase explains:

Coinbase prioritizes the security of our customer’s digital currency through a combination of online “hot storage” and offline “cold” storage. Coinbase maintains 98% or more of customer digital currency in cold storage, with the remainder in secure hot servers as necessary to serve the liquidity needs of our customers. All digital currency that Coinbase holds in its online hot storage is insured. If Coinbase were to suffer a breach of its online hot storage, the insurance policy would pay out to cover any customer funds lost as a result.

And yet, the company also notes the insurance doesn’t cover breaches to individual Coinbase accounts. Instead, it only covers losses related to physical security, cybersecurity, or employee theft.

It is your responsibility to use a strong password and maintain control of all login credentials you use to access Coinbase.

Several factors will determine whether digital currency trading is for you. However, the biggest question to ask is whether you want to put your money into something highly speculative and known for its volatility. For more information, be sure to read our Beginner’s Guide To Using The Cryptocurrency Bitcoin. Learning more about blockchain is also recommended.

Regardless, if you decide to invest in cryptocurrency, Coinbase is a great way to do so. It’s been around for many years and is the largest cryptocurrency exchange in the United States by trading volume. Additionally, it’s also one of the top crypto exchanges in the world by traffic, liquidity, and trading volumes, according to the market research website, CoinMarketCap.com.

To get started, visit the Coinbase website, then create a free account using your name, email address, and user-created password. After verifying your email address, you must enter a verification code sent to your phone, which you’ll need to enter on the website to sign in to your new account. From there, fund your account, and then your cryptocurrency journey can begin!

Now, the exchange is delving deeper into DeFi by listing wBTC — an Ethereum-based version of Bitcoin, created to allow BTC to participate in decentralized finance.

According to its official announcement, Coinbase is still getting a large number of requests from its users to list more assets on the platform. Of course, the exchange is doing everything in its power to meet and grant these requests, while still staying true to the terms of its listing process.

It has already added a number of coins, including Balancer (BAL), Band (BAND), Ren (REN), Compound (COMP), Celo (CGLD), Maker (MKR), yearn.finance (YFI), Uniswap (UNI), Loopring (LRC), Numeraire (NMR), UMA (UMA), and OmiseGo (OMG).

In addition to that, it also supported some additional UK and European order books. However, now it aims to add more coins and tokens, with WBTC being the next in line.When is Wrapped Bitcoin coming?

The announcement reveals that support for wBTC will arrive on Monday, October 19th, while trading will start on Tuesday, at around 9 am Pacific Time (PT) — provided that liquidity conditions are met, of course. At this time, Coinbase Pro will start accepting inbound transfers of the coin.

As soon as the platform establishes a sufficient supply of Wrapped Bitcoin, it will launch trading on wBTC-BTC and wBTC-USD, which will roll out in four phases — transfer-only, post-only, limit-only, and full trading.

The exchange warns that it will keep the book in one state for a longer period if the order books do not meet the exchange’s assessment for an orderly and healthy market. If this doesn’t happen even after a prolonged period, it is possible that it will even suspend trading completely, which is also in its Trading Rules.

Users can follow the progress of the phases on Twitter, by following Coinbase Pro’s official account.

After dabbling and oscillating around $16K – $17K for a few days, bitcoin has reclaimed the $18,000 level. Many of the alternative coins have also increased in value, adding about $30 billion to the total market capitalization within 24 hours. After the vigorous price dips from earlier in the week that resulted in bitcoin losing $3,000 in hours, it consolidated around $17,000 for several days. Bitcoin dropped several other times below the level but the situation has changed this weekend. The flagship crypto went ablaze smashing above $17,000 and has not looked back since then. A few hours ago, it has spiked above $18K and fundamentals indicate that the coin might move further upwards. Notably, the significant 16% price drop earlier this week did not affect the bitcoin social media sentiment. According to Santiment crypto analytics firm, the positive commentaries have remained mainly optimistic despite the price developments. The company stated: The altcoins performed even worse than bitcoin during the Thanksgiving price drops. Ethereum plummeted from its yearly high of $620 to $485. Ripple surged as high as $0.80 before tanking to around $0.46. Nevertheless, both of these assets, and most of the other altcoins, saw a nice recovery over this weekend. On the 24-hour charts, ETH has gained an additional 6% and is currently trading around $550. XRP is also surging and it is back above $0.60 currently trading around $0.61. Litecoin (7%), Polkadot (4%), Bitcoin Cash (4.5%), and Chainlink (4%) are also in the green from the top ten. Nonetheless, Cardano has trumped many of the other coins with ADA taking the 7th spot in terms of market capitalization, based on data from CoinGecko. As is expected, the lower and mid-cap saw even steeper increases. Horizen leads the way with a 25% price surge. Zilliqa gained (23%), Dash (18%), Nexo (18%), Numeraire (15%), IOTA (13%), Orchid (11%), Qtum (11%), and Ocean Protocol (10%) follow. In general, the cumulative crypto market cap has surged to $535 billion. That is a $30 billion surge since Saturday and $50 billion since the Thanksgiving plunge.

Bitcoin’s volatility continued over the weekend with a few $1,000 moves taking it from a high of $18,800 to $17,700 and back. The altcoins, however, have kept their recent momentum going and have reduced BTC’s dominance over the market to about 63%.

The primary cryptocurrency displayed increased signs of volatility during the weekend. It started with charting a fresh yearly high on Saturday at nearly $19,000.

After coming just inches away from breaking the 2017 all-time high, BTC headed south with a vigorous nosedive of more than $1,000, resulting in a new intraday low at $17,650 (on Bitstamp).

The fluctuations intensified, but this time in the opposite direction as BTC jumped back to $18,700 a few hours later. After a subsequent retracement, Bitcoin sits now just above $18,400.

The technical indicators suggest that the cryptocurrency has to overcome the resistance lines at $18,950, $19,400, and $19,660 before potentially breaking the current ATH.

On the other hand, the support levels at $18,200, $18,000, and $17,700 could assist in case of another price breakdown.

The alternative coins have enjoyed the past several days. Ethereum has experienced another 7% increase and has risen above $580 as staking interest has been expanding lately.

Ripple has also doubled-down on its recent impressive price performance. XRP has added 4% of value and sits above $0.45.

Bitcoin Cash (1%), Binance Coin (1%), Chainlink (1%), Polkadot (3%), and Litecoin (3.5%) are also in the green. However, the most notable performer from the top 10 is Cardano. ADA has surged by 20% and has neared $0.15. Just a few days ago, ADA was struggling with staying above $0.10.

The double-digit price increase club has several representatives from mid and lower-cap altcoins. Waves leads the way with a 37% increase on a 24-hour scale and a 77% surge in the past week.

Horizen’s daily gains are next with 30%. Numeraire (20%), VeChain (12%), Yearn.Finance (11%), and Celo (10%) follow.

Consequently, the altcoins have managed to decrease Bitcoin’s dominance over the market. The metric comparing BTC’s market cap with all alternative coins has dropped to 63.2%, while it hovered over 68% on November 19th.

According to a report by Nick Chong, the investment firm Three Arrows Capital (3AC) has invested an estimated $10 million in LINK. The firm made the purchase during Bitcoin’s flash crash when the cryptocurrency lost nearly $1,000 in less than an hour and then recovered back to $18,000. LINK had a drop from $14 to $12, an opportunity that 3AC took to make its investment. The firm bought, according to Nick Chong, 351,147 LINK initially. Later, 3AC picked up an additional 400,000 LINK to accumulate 751,147 LINK. In total, it is estimated that Three Arrows Capital has an estimated $14 million in LINK placed at the address shown below. It appears that the funds acquired by 3AC are used as collateral in Ethereum’s DeFi protocol Aave in conjunction with 275 YFI. Regarding the investment in LINK, Chong notes that the collateral is used to acquire stablecoins: The firm is also part of the decentralized exchange SUSHI yield farming with $1.5 million allocated to the protocol’s governance token. In Compound, 3AC is a provider of $50 million in ETH, $6 million in DAI, and $100 million in WBTC. On the same line, investment firm Polychain Capital was the largest purchaser of the Yearn.finance protocol governance token (YFI) in the last five weeks with a purchase of 570 YFI. Some analysts believe that YFI could recover after its recent decline and reach a new all-time high of $100,000. Another important player who is making a strong bet in the DeFi sector is Jump Trading. According to Chong, the firm has an approximate 39,000 ETH or $18.5 million accumulated during the last weeks. The firm also maintains tokens of the protocols Compound, Keep Network, Serum, HXRO, Numeraire, Orchid, Maker, and Huobi token. About the transactions of Jump Trading, Chong stated: In a separate report from June, Coindesk revealed that 3AC has become the largest investor in Grayscale’s Bitcoin fund with the purchase of $200 million or approximately 6.5%. The report indicates that 3AC could employ a strategy that would allow it to benefit from Grayscale’s product (GBTC). The strategy is to buy the shares at a certain price and then hold them for the 6-month period required by Grayscale. Once that is completed, 3AC can sell its shares at a premium rate that could range from 20% to 133%, according to the product’s fluctuation in 2020.

Bitcoin has recouped from yesterday’s dip to below $11,200, but most altcoins are significantly outperforming the primary cryptocurrency. Several impressive price increases, including new all-time highs for Chainlink and Tezos, have reduced Bitcoin’s dominance to below 60%.

As CryptoPotato reported yesterday, 24 hours ago, the entire market lost about $20 billion of its capitalization after a violent retrace from most coins. Today, however, the situation appears much greener with some notable increases.

First and foremost, Chainlink has registered yet another ATH. LINK has been dominating the market lately and frequently charts a price higher than the previous top. During yesterday’s price dip, LINK dropped to $12.5, but it pumped by almost 40% to its fresh ATH of nearly $17 (Binance).

Tezos is another impressive gainer, which has followed LINK’s footsteps. XTZ reached $4.4 a few days ago, but it dropped rather quickly to $3.6. Yet, bulls didn’t allow it to stay long beneath $4 and pumped the price to its new high of $4.5 (on Binance).

The most notable gainer in the past 24 hours, however, is Numeraire (NMR). The native cryptocurrency coming from the hedge fund company Numerai has skyrocketed by over 150%, mainly because the largest US-based exchange Coinbase announced listing the asset.

Aragon has also exploded by nearly 90% since yesterday, after the leading cryptocurrency exchange Binance said it would add it on its platform.

BitShares (42%), XinFin Network (40%), IRISnet (34%), Swipe (32%), Algorand (27%), Waves (25%), Band Protocol (21%), Bancor (20%), are also part of the double-digit increase club.

Very few coins are retracing against the dollar today – JUST is down by 2.5%, while Aave loses 1% of its value.

The primary cryptocurrency is also in the green today since it bottomed below $11,200 yesterday and has recovered to the $11,500 area at the time of this writing.

Interestingly, Bitcoin’s performance continues to resemble that of the two most popular precious metals and safe-haven assets – gold and silver. The increased correlation between the two asset classes was evident again during the last 24 hours as gold and silver have also recovered to some extent, following a few consecutive days of price losses.

However, Bitcoin’s 2% increase since yesterday can’t compete with the massive price pumps among most altcoins. Consequently, the metric comparing BTC’s total market cap against all other coins has decreased. According to data from CoinMarketCap, for the first time since July 2019, Bitcoin’s dominance has dropped below 60% to 59.5% as of writing these lines.

Since the deep lows in March, 2020, when all businesses were at a standstill due to Covid-19 pandemic, most cryptocurrencies have seen amazing gains, but others registered massive losses.

The world’s original cryptocurrency BTC has managed to hit and surpass the $12,000 price level. However, there are other altcoins that did not see light in the market during the July’s trading period. Let’s review the biggest losers during that period.

The Ampleforth has faced tough times in the month of July, and it was the worst performing cryptocurrency in that period. In the last 30 days, AMPL lost by -62.75 percent.

At present, AMPL/USD is trading at around $0.725743 (-3.47%), with a market capitalization of $227.3 million and volume (24h) of $18.4 mln.

The coin is currently ranked in the 51st position. The high/low of AMPL in the month of July was $4.04 and $0.632379, respectively.

Compound is currently in the 34th position by market cap. In July, COMP plunged by over -20%. However, the month of August seems to be a rally period for Compound.

The cryptocurrency is currently changing hands at almost $149.06 and has gained by 7.52% in the last 24 hours, the cryptocurrency has a MC of over $381.79 mln and volume of $65.38 million.  

The high and low price of COMP in the past 30 days was $187.99 and $121.65, respectively. Its all-time-low and all-time-high is $61.25 (June 18, 2020) and $381.89 that it hit on June 21, 2020.

Things like this rarely happen – where you find a cryptocurrency seeing its record high and low in one month and in a period not less than 4 days.

Nexo, the 91st cryptocurrency by market cap, lost by over -17.18 percent in July. At press time, NEXO/USD is trading at about $0.170652 (-5.54%), with a MC of over $95.565 mln and volume of $5.73 mln.

NEXO hit its all-time-high of $0.539466 (May 7, 2018) and all-time-high of $0.043333 (Sep 12, 2018).

Verge, ranked 86th, plummeted by more than -12.73% in the past 30 days. Currently, the coin is trading in green at $0.00616 (+0.89%), with a MC of over $100.65 million and volume (24h) of $3.728 mln.

The month of July was not a good one for cryptocurrencies like Numeraire. The coin plunged by -10.48% in the past 30 days. 

At present, NMR is changing hands in red at $20.30 (-1.49 percent), with a MC of $55.802 million and volume (24h) of $704,740. 

The token is ranked as number 132 out of 6,244 on coinmarketcap. NMR’s high / low price in July was $22.09 and $18.59, respectively.  

Disclaimer. This analysis and forecast are the personal opinions of the author and not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their own research before investing funds.

This AI-focused cryptocurrency is up 300%, but on-chain fundamentals spell trouble While the global financial markets were melting down as coronavirus spread throughout the planet, there was one cryptocurrency that managed to weather the storm. Numeraire, an altcoin brought to life to incentivize scientists to predict financial models using encrypted data, was able to enter a parabolic advance that has seen its price skyrocket over 3x in the past three months. The AI-centric cryptocurrency went from trading at a low of $6 in late January to recently hitting a high of $24. The bull run that NMR experienced in such a short period of time is quite impressive given the current economic environment. However, everything could be part of a pump-and-dump scheme, according to Santiment. The behavior analytics firm argued that Teeka Tiwari and his Palm Beach Research Group could be behind Numeraire’s sudden bullish impulse. Dino Ibisbegovic, head of content and SEO at Santiment, explained: Even though it is impossible to determine how much of the pump can be attributed to Tiwari, on-chain data reveals that one massive whale was preparing for this price action. Indeed, a few weeks before Numeraire began surging there was a significant spike in the token’s exchange inflow. One address sent 100,000 NMR, worth roughly $620,000 at the time, to a Bittrex wallet on Jan. 26. This transfer represents one of the biggest single-day moves in Numeraire’s history, affirmed Ibisbegovic. Now that the AI-focused altcoin is up more than 300 percent, there are not any fundamental metrics that support a further increase in its price. Ibisbegovic pointed out that the number of active addresses is declining as well as the network growth. The downtrend in these on-chain indexes can be considered as a negative sign. Ibisbegovic said: Given the state of Numeraire’s network, the entities behind the exponential upswing could now be preparing to dump their tokens as Marcel Burger, founder of digital assets consultancy BurgerCrypto.com, stated: Even if NMR continues surging, market participants must remain cautious about what is happening behind closed doors to avoid getting caught on the wrong side of the trend. Numeraire, currently ranked #76 by market cap, is up 5.94% over the past 24 hours. NMR has a market cap of $53.96M with a 24 hour volume of $1.02M. Chart by CryptoCompare Numeraire is up 5.94% over the past 24 hours. Posted In: Altcoins, Analysis, Price Watch Published at Wed, 22 Apr 2020 15:26:56 +0000

The cryptocurrency markets are showing further signs of recovery as the total market cap increased for the second week in a row. Among the top-10 cryptocurrencies, only Ripple (XRP ) stood out as a significant gainer against Bitcoin (BTC). The price of XRP increased by +11.4% to 2,844 satoshis. After a weak month, Monero (XMR) was able to recuperate some of the losses in the last few weeks. The price of the leading privacy-coin increased by 15.4% to 0.00765 BTC. As predicted in the last CMC100-Report, STEEM was not able to keep up its price in the wake of the Hive hard fork and dropped 6.9% down to 2,860 satoshis. However, the decentralized social network is still ranked four places higher than two weeks ago, so the drop might not be over yet. While the ranking of most major cryptocurrencies was remarkably stable this week, there was some significant movement in the lower half of the top-100 ranking. The biggest gainers this week were Quant (QNT) and Numeraire (NMR), while the biggest losers were KuCoin Shares (KCS) and Swipe (SXP). In the last week, the total market cap of all listed cryptocurrencies gained +5.2% to $176.8B. The Bitcoin dominance dropped by 0.2 percentage points to 64.9%. In the CMC100-ranking, we have recorded the following major changes: #1: Bitcoin (Previous Week: 1, Cap: +6.6%) #2: Ethereum (Previous Week: 2, Cap: +6.0%) #3: XRP (Previous Week: 3, Cap: +18.6%) #12: Monero (Previous Week: 17, Cap: +24.6%) #15: TRON (Previous Week: 16, Cap: +9.5%) #16: Chainlink (Previous Week: 15, Cap: +6.8%) #17: Huobi Token (Previous Week: 13, Cap: +2.6%) #20: Crypto.com Coin (Previous Week: 21, Cap: +19.1%) #42: Decred (Previous Week: 38, Cap: -3.1%) #44: Augur (Previous Week: 49, Cap: +27.9%) #47: Synthetix Network (Previous Week: 51, Cap: +22.5%) #48: Alogrand (Previous Week: 44, Cap: +0.6%) #56: KuCoin Shares (Previous Week: 46, Cap: -16.2%) #60: STEEM (Previous Week: 56, Cap: -3.1%) #67: DigiByte (Previous Week: 76, Cap: +32.0%) #70: Siacoin (Previous Week: 64, Cap: -2.6%) #73: ABBC Coin (Previous Week: 67, Cap: +2.9%) #76: Energi (Previous Week: 84, Cap: +23.3%) #78: Quant (Previous Week: >100, Cap: +44.6%) #82: Numeraire (Previous Week: 98, Cap: +42.9%) #85: Bytecoin (Previous Week: 78, Cap: -2.3%) #106: Swipe (Previous Week: 80, Cap: -22.6%) Data as of 03/28/2020, 20:13 UTC. Source: CoinMarketCap Do you need trading guidance during this Coronavirus outbreak?

26,000 Ethereum (ETH) coins worth $7.08 million has just been moved from Gemini to an unknown wallet.

This is according to a new alert by whale watching account, Whale Alert. There is no specific reason why the coins were moved neither has the true identity of the receiver divulged.

Ethereum (ETH) at the time of press is leading in the top 10, adding an impressive 11% and pushing this year’s gains to triple digits.

Gemini describes itself as a fully regulated exchange and is backed by the Winklevoss twins who are millionaires. The twins are serial investors and were one of the few early adopters of Bitcoin.

With a great fortune from their savvy investments, they continue to build supportive infrastructure, agitate for regulator compliance, and remain upbeat of Bitcoin and crypto prices.

In the wave of heavy losses related to hacks and blatant theft, the exchange said it would insure against digital asset losses to the tune of $200 million.

To reach more clients, it has announced plans of expanding to Asia and Europe. They have also integrated Trading View.

As the market began printing higher high, Cameron Winklevoss said it is still time to an early adopter since there are only 21 million Bitcoin in circulation.

Already, over 18 million have been mined and circulating, while the three million would be distributed until the last coin is mined sometimes in 2140.

Aside from their belief in the store of value currency, they are also supportive of other projects including Tezos, which like ETH continues to explode, more than doubling in three months.

The regulated exchange has also listed ChainLink, Orchid, Golem, Storj, and Numeraire.

This expands the options available for their clients and institutional grade investors who are attracted to the exchange’s high-level compliance.

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

Digibyte and Vechain are among several crypto assets that are outperforming Bitcoin and Ethereum in the past 24 hours The past 24 hours have seen a dozen or so altcoins gain more than 10% on news that US-based cryptocurrency exchange Coinbase was looking to add support for nearly 18 digital assets. Digibyte, Bancor and Vechain are among several tokens outperforming major altcoins after Coinbase’s announcement. According to Coinbase, its team would use its Digital Asset Framework evaluate and decide on the listing of any of the following crypto assets: Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numeraire, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin, SKALE Network, Synthetix and VeChain. In the past, Coinbase listings have been bullish signals for digital assets. Digibyte has surged over 19.5% on the day, from lows of $0.016 to $0.0197. Digibyte is trading up by more than 24% then on its price a week ago. Vechain’s price has gained more than 18% to see its price rise from $0.0081 to $0.0098 on intraday volumes of more than $101 million. The altcoin is up 38% in the weekly charts. Another top gainer due to the Coinbase announcement is Bancor; spiking by close to 20% in the past 24 hours on rising volumes. The crypto asset is now more than 47% up over the past seven days. Siacoin, ranked 59th on CoinMarketCap, has gained over 13% on the day to see its value increase more than 7% on weekly charts. As altcoins rally, the crypto community has not relented in its call for a mass exodus from Coinbase. This follows the recent outages and reports that the company was likely to offer its intelligence platform to the Internal Revenue Service (IRS) and the Drug Enforcement Agency (DEA).

Share Total: 1 Share Facebook Twitter Google+ Pinterest LinkedIn Digg Del StumbleUpon Tumblr VKontakte Print Email Flattr Reddit Buffer Love This Weibo Pocket Xing Odnoklassniki ManageWP.org WhatsApp Meneame Blogger Amazon Yahoo Mail Gmail AOL Newsvine HackerNews Evernote MySpace Mail.ru Viadeo Line Flipboard Comments Yummly SMS Viber Telegram Newsletter signup Skype Facebook Messenger Kakao LiveJournal Yammer Edgar Fintel Mix InstapaperLeapRate's Daily Forex Industry NewsletterJoin now to receive first access to our EXCLUSIVE reports and updates. Screenshot of a breaking news alert e-mail from Q2 2017 Please check your email to confirm your subscriptionSomething went wrong We hate SPAM and promise to keep your email address safexNumerai is an American prediction market company and hedge fund that recently raised $11 million in an ICO so it can launch the Erasure project. The information comes from the company itself.What Numerai does is “… incentivizing the construction of an artificial intelligence hedge fund with Numeraire, a cryptographic token on the Ethereum blockchain.” The network that Numerai uses, the Numeraire network was introduced in 2016, providing cryptographic and blockchain ecosystem based on tokens for motivating anonymous data scientists to create different predictive models. The entire network is built on the ETH blockchain. The startup’s platform uses Numeraire tokens in the trading market predictions.According to press, the funds from the ICO will go towards the company’s Erasure project. Erasure is the decentralized unit of the company’s marketplace. Erazure is expected to launch in the end of 2019. The unit will give the opportunity to all scientists and users to actually sell their predictive models to any investment fund of their choice through the public network with the help of the InterPlanetary File System (IPFS), a peer-to-peer network. In addition, users will be able to connect their crypto wallets directly to the marketplace. Apart from the interesting market model of Erasure, the unit will also enable any predictive models to be done on any asset. Currently, Numerai offers predictions only on more traditional assets. Erasure will help the hedge fund diversify its product base significantly.The ICO was supported by some prominent investors, including private equity company Placeholder and Paradigm, a crypto investment firm started by Fred Ehrsam, one of the co-founders of Coinbase.

Coinbase is considering adding a new range of digital assets, including VeChain, Aragon, Bancor, Siacoin, Origin Protocol, and Ren to its potential listings.     Coinbase has been evaluating potential digital assets under its Digital Asset Framework, to review the project’s security and compliance before completing the listing on the exchange.   Other projects on Coinbase’s list include Arweave, COMP, DigiByte, Horizon, Livepeer, NuCypher, Numeraire, Render Network, SKALE Network, and Synthetix.   “Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions,” the Coinbase blog read. “As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations.”   With the announcement of the potential listing of the cryptocurrencies on the Coinbase exchange has led to a rise in digital asset value before dumping shortly after the listing has been confirmed.   Most assets have seen a jump in price between 8 to 25 percent, with an average of 17 percent, according to data from Messari. Vechain (VET) price has seen an increase of 12.34% after Coinbase’s announcement.    However, the US exchange did not give a timeline for listing the mentioned cryptocurrencies.    Coinbase recently faced outages during Bitcoin price surges which have led to some members of the crypto community refusing to use the exchange. Coinbase users withdrew 22,000 more Bitcoins than they deposited on June 7, which was worth around $214 million.    The US exchange has also faced skepticism when news came out of Coinbase’s intention to sell a blockchain analytics software, named  “Coinbase Analytics” to the Internal Revenue Service (IRS) and the US Drug Enforcement Administration (DEA). 

Prediction Startup Numerai Raises $11 Million in ICO American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, Numerai tweeted on March 21. Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the startup’s platform. (adsbygoogle = window.adsbygoogle || []).push({}); Numerai founder Richard Craib said that the funds from the recent ICO will be mostly spent on hiring engineers for Erasure, the decentralized unit of Numerai’s marketplace, Coindesk reports. Announced in October 2018,Erasure is reportedly scheduled to launch later in 2019. Once launched, Erasure will allow users to sell their predictions to any investment fund in the public network via the peer-to-peer InterPlanetary File System (IPFS), and directly connect their crypto wallets to the Ethereum-based marketplace, Craib told Coindesk. While Numerai-based prediction models are mostly focused on traditional assets at the current stage, the launch of Erasure will enable predictions on any asset, Craib added. The ICO round was reportedly led by VC and private equity firm Placeholder, and crypto investment company Paradigm, founded by Coinbase co-founder Fred Ehrsam. Following the news, the price of the Nomeraire token jumped almost 19 percent, trading at $5.77 at press time, according to data from CoinMarketCap. The token is exposed to traders on five crypto markets: Bittrex, UPbit, Poloniex, DDEX, and IDEX, and has a market capitalization of $7.7 million. (adsbygoogle = window.adsbygoogle || []).push({}); Related ItemsAdoptionBlockchainICOPredictionsTokensUSA