Cryptocurrency Rimbit Enters Trading with $5m Market Cap
Newly launched cryptocurrency Rimbit recently entered trading with a whopping $5 million market cap. As we started investigating into this new altcoin, we came to know that it is a purely premined cryptocurrency launched after being "over-funded" by the Indiegogo Forever Funding pilot program. While the word "premining" itself means scam to most of us, Rimbit developer, using the first name Mark, thinks otherwise. To him, a cryptocurrency like Rimbit had to be premined so that no extra mining cost could affect its value in the future. As he stated in a supposedly self-published interview,....
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Rimbit markets itself as the Next Generation in Digital Currency. It tries to sell itself as unique in many ways. It describes itself as making unique and controversial changes to provide the user with best options available. It does indeed have some controversial changes and slightly unique addition. Though not as unique as you might think. The biggest difference is in the way Rimbit has eliminated the middleman that is the lifeblood of Bitcoin and Altcoins. It goes on to explain that essentially this means that the middleman has been eliminated. That the process of mining (the perceived....
Bitcoin’s price action has calmed after a strong move lower on the news of the CFTC charging BitMEX and President Trump catching the disease spreading across the globe. The cryptocurrency is currently trading in a tight $30 range, indicating that investors are indecisive. Bitcoin Enters Tight Range as Market Is Indecisive As noted by a top Bitcoin analyst, the leading cryptocurrency has been trading in a $30-50 range over the past few days as investors […]
Porsche, the German carmaker, is diversifying to digital markets through the launch of Fanzone, an NFT-based trading card market. Fanzone, built by Forward31, a Porsche company builder, seeks to capitalize on classic trading card demand. At the same time, Fanzone tries to combine this classical market with the NFT craze to offer digital products. Porsche Launches NFT-Based Trading Card Platform Fanzone Porsche, the German luxury car brand, is now dabbling in NTF markets. The brand just launched an NFT-based trading card platform called Fanzone, where users will be able to purchase and....
As BTC/USD drifts below $60k, the market has begun getting fearful, indicating that a good buy opportunity might be arising.
A significant price rebound in the Bitcoin market last week is now at the risk of paring in the current one. The benchmark cryptocurrency has opened Monday in positive territory. As of 0516 UTC, it was trading for $11,405, up 16.27 percent from its recent bottom and down 8.62 percent from its year-to-date high. Resistance Everywhere Technically, Bitcoin’s strong upside move met an equally robust resistance at $11,500. The said level held the price from […]