Steem Chasing Ether in Market Cap
Steem is next in line to be at the second spot if the cryptocurrency market remains as it is today in coming months. The digital currency behind Steemit decentralized social media platform, which rewards posters and voters online, overtook The DAO to be the world’s fifth most valuable cryptocurrency following its 1000% plus growth in the days following Steemit’s first cryptocurrency payout on July 4. Steem’s rise. As of July 3, according to figures from coinmarketcap.com, it was on the fifteenth spot with market cap of $15,009,110 and a 24 hour trading volume of $8,351. Lisk, Monero, Nxt,....
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While steem recently became the third-largest digital currency as measured by market capitalization, surpassing $400 million this month, some market experts are skeptical of steem and have expressed doubts about its economics. The digital currency’s market capitalization surged in July, rising more than 2,000% from $17.9M to $411.9M between 04:14 UTC on 6th July and the same time on 20th July, CoinMarketCap figures reveal. The digital currency’s price climbed more than 1,800% during this period, increasing from $0.24 to $4.63. For those new to the digital currency, users can obtain steem....
STEEM, SWAP and ZRX prices surged shortly after a round of listings at major crypto exchanges. Sentiment in the cryptocurrency market is on the upswing after small gains from Bitcoin (BTC) and altcoins hint that the market could be in the process of a bullish breakout.A handful of altcoins are also finding momentum and a round of fresh partnership announcements appear to back the 40% gains seen in select assets on April 21.Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the biggest gainers....
Social media site Steemit has announced sweeping “economic changes” following a 90%+ drop in value of its currency token, STEEM. Steemit: Changes ‘Reflect Wishes of Wider Community’. The alterations, published in a blog post on Friday, have already drawn criticism from the cryptocurrency community, which has been suspicious of Steemit since its rocky....
I'm pro-appcoin. There, I said it. Haters take note. Other lawyers take note. I think appcoin sales (often called "initial coin offerings" or ICOs) are a new form of crowdfunding and some can have as much legal merit as a Kickstarter or Indiegogo campaign. On the other hand, when executed inelegantly, some can break the law. One of my goals in this definitive three-part series on appcoin law is to help you tell the difference, and share my experience in how to ICO the "right" way. To set the stage, many decentralized products incorporate the use of a cryptographic....
In the wake of social network Steemit’s hack, Ryan X. Charles, co-creator of Yours, explained his reasons for using Bitcoin for his own network despite the disadvantages. Charles: Steem ‘Can’t Last’. The Yours platform, which like Steemit pays users who upload quality popular content, is still in its test phase, with a limited preview set for later this....