Blockchain

The post-ICO success of many tokens is dependent on whether, and how quickly, they can be added to exchanges. Tokens that previously traded only on informal over-the-counter markets can see big surges in price when listed on an exchange. Therefore, there is a great deal of pressure on the founders of ICO-funded projects to list their tokens on digital currency exchanges so as to increase the tokens’ value and provide investors with a potential exit. Yet there are a number of complexities in the process.

As it stands, the total sum of the top ten digital currencies in the market - led by Bitcoin - makes up almost 90 percent of the entire crypto economy. That’s about $150 bln of the entire $170 bln. The remaining 1,155 cryptocurrencies, according to coinmarketcap listing, are left to slug it out with a meagre $20 bln market capitalization.

Privacy-centered altcoin SmartCash has announced the implementation of a Community Governance System. The Smartcash team maintains the development will deepen decentralization in the ecosystem.

The Bitcoin and Ethereum alternative, QTUM, recently completed its main net upgrade on Binance, allowing users to have access to coins. The platform upgrade converted all the previously held QTUM coins successfully, and the exchange will no longer accept deposits of old ERC20 tokens.

In the third quarter of this year, over the last three months, it has been Bitcoin that has impressed the most. Altcoins, such as Ethereum, Ripple and others, had their time in the sun earlier in the year.

A new altcoin calling itself “the new ERC20 Bitcoin,” eBTC, has increased in value 335 percent since it launched Monday.

Europol, the law enforcement agency of the European Union (EU), has warned that the virtual currencies Zcash, Monero, and Ethereum are increasingly being used in the digital underground market. The agency, however, reiterated that the leading cryptocurrency Bitcoin is still the preferred currency in cybercrime.

Bithumb, one of the largest exchanges in the world, as in Korea where it’s based, has added one of the more private digital currencies, Zcash, to its platform.

Coinbase former engineering director Charlie Lee has forecast how it will handle the SegWit2x hard fork as users sign a petition.

The digital currency Dash held its first conference this past weekend in the Oval Space in London. The conference was pre-funded by Dash’s treasury system, where projects are funded directly by the Blockchain. A portion of each block reward is withheld to fund such proposals, if the currency’s owners vote in favor.

NEO, often termed the ‘Chinese Ethereum’ took a major price tumble when the announcements regarding Chinese exchanges were made public last week. The price dropped to a low of $13.29 per coin, a massive drop from its peak of $48 exactly 30 days earlier.

The 19th Communist party leadership elections are scheduled to take place in China on Oct. 18 this year. New elections spell change for most governments, and this is certainly true in China. The elections are not democratic, but are internal elections to the chief seats of government within the Communist Party.