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Bitcoin.com Exchange Lists ESH Token Support Prior to John McAfee’s Ghost Airdrop

21/05/2020 by Idelto Editor

In mid-April, news.Bitcoin.com reported John McAfee’s new privacy token called Ghost, as the former anti-virus tycoon detailed “governments will be unable to shut it down.” Ghost won’t be distributed in the usual fashion by leveraging an initial coin offering (ICO), as the project will instead utilize the airdrop process. In order to obtain the Ghost token, recipients will need to hold a specific ERC20 token called ESH. Today, Bitcoin.com’s cryptocurrency trading platform announced that ESH will now be listed, so users can obtain the token in order to participate in the Ghost airdrop or trade against it using Bitcoin.com’s powerful trading engine.

The Bitcoin.com Exchange continues to improve and add new features to the overall trading experience. Just recently, the trading platform announced the listing of the BTCSHORT token produced by Amun, which allows people to gain exposure to -1x the daily price performance of BTC. On Friday, May 22, 2020, the Bitcoin.com Exchange is adding the ESH token, a coin that was recently introduced for John McAffee’s decentralized exchange (dex).

Now Bitcoin.com Exchange clients can obtain ESH and use the tokens on McAfee’s dex or they can use Bitcoin.com’s trading platform to bet for or against the coin. Another option is for people to hold ESH, this is because ESH holders will be qualified to get some of the Ghost token supply during an Airdrop on May 25, 2020.

25% of the Ghost token supply will go to ESH holders based on a May 25, 2020, snapshot of the distributed ledger at 8 p.m. CST. Distribution for ESH holders will be 1:1, which means if you hold one ESH you are eligible for a single Ghost token. Ever since this airdrop was announced, the ESH token has been in high demand and the price has jumped 17,500% in a matter of days.

McAfee has said that the creation of the Ghost token helps fulfill his dream to make privacy-centric crypto transactions the new norm. Ghost was created to allow anyone in the world to trade across any borders on the web “without a trace.” To McAfee, BTC is limited by the publicly available hashes on the web, alongside the transactional history of coins and addresses.

“Ghost aims to bolster private transactions on the web, without sacrificing the ease of transacting,” explains the token’s creators.

For people who share McAfee’s vision of privacy, they may want to look into ESH and Ghost and can easily participate in the airdrop by leveraging ESH before the May 25 distribution period. If you are interested in one of the fastest trading engines on the market and want to start trading digital assets today, then check out Bitcoin.com’s Exchange. The trading platform is easy to leverage, and people can trade a number of popular coins like bitcoin cash (BCH), litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC), stellar (XLM), dash (DASH) and eos (EOS), bitcoin (BTC) and more.

What do you think about Bitcoin.com Exchange listing ESH? Let us know in the comments below.

The post Bitcoin.com Exchange Lists ESH Token Support Prior to John McAfee’s Ghost Airdrop appeared first on Bitcoin News.

Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT

20/05/2020 by Idelto Editor

During the last few months, Bitcoin.com’s cryptocurrency exchange has added a number of new coins and features. Today, Bitcoin.com Exchange has added an Ethereum-based inverse token called “BTCSHORT,” a token that gives users exposure to the inverse or -1x the daily performance of Bitcoin on any given day.

Bitcoin.com Exchanges Adds Amun’s BTCSHORT Inverse Token

Bitcoin.com Exchange traders can now access a new Ethereum-based inverse token created by the company Amun. Our cryptocurrency trading platform has added BTCSHORT so traders can gain exposure to the inverse or -1x the daily performance of bitcoin (BTC). The new token will be accessible at 10:00 a.m. UTC and it will be paired with the stablecoin tether (USDT). A recent blog post published by Bitcoin.com explains how the BTCSHORT product from Amun works and how customers who use our exchange can leverage the token.

“BTCSHORT is strictly not a security, carries many risks, and is not suitable for risk-averse token holders and traders,” the blog post explains. “This type of token is best suited for sophisticated, highly risk-tolerant token holders who understand and are comfortable with taking on the risks inherent to inverse tokens like BTCSHORT and understand the risks associated in holding tokens generally and inverse products in particular.”

How BTCSHORT Works

For instance, if the price of BTC is trending downward then BTCSHORT’s multi-day performance will prosper, and daily returns of the token will be compounded. In contrast, if there is low volatility and the price of BTC is headed northbound, then BTCSHORT’s performance will drop and there will be no compounded returns.

“Losses made on one day will be, because of previous losses, applied to a smaller amount,” the announcement details. “This means that compounding will lead to slightly reduced losses than if there were no compounding.” Additionally, the BTCSHORT listing announcement adds:

BTCSHORT offers a notional exposure to -1x the daily performance of Bitcoin. It is crucial that all token holders understand how compounding and the daily rebalancing of the token affect performance, especially in volatile markets. The tokens are designed for holding periods of equal or less than one day and holders need to consider their holdings each day.

If you are interested in learning more about BTCSHORT and other digital asset token backed by industry experts then check out Amun’s website and frequently asked questions (FAQ) section. If you want to join one of the fastest cryptocurrency trading platforms on the market today, then check out Bitcoin.com’s Exchange today.

Our exchange is a simple-to-use trading engine that offers a variety of different cryptocurrencies. Popular digital assets hosted on the platform include coins like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC), stellar (XLM), dash (DASH) and eos (EOS) are paired with markets denominated in base currencies such as bitcoin cash (BCH), ETH, BTC, and tether (USDT).

What do you think about the token BTCSHORT? Let us know in the comments below.

The post Exposure to -1x the Daily Performance: Bitcoin.com Exchange Adds Inverse Token BTCSHORT appeared first on Bitcoin News.

Bitcoin.com Wallet Users Can Now Purchase More Than $10K Worth of Cryptocurrency

05/05/2020 by Idelto Editor

Bitcoin.com Wallet Allows Users Can Now Purchase More Than $10K Worth of Cryptocurrency

During the end of March, news.Bitcoin.com reported on the newly updated Bitcoin.com Wallet that features a number of new services like digital currency price tracking. The lightning-fast, noncustodial wallet allows people to store BTC and BCH, but also provides people with the ability to purchase crypto assets. This week, Bitcoin.com Wallet users will be pleased to see that they can purchase more than $10K worth of cryptocurrency using our wallet software.

Bitcoin.com Wallet users can now obtain over $10K worth of BTC or bitcoin cash (BCH) using the moonpay.io integrated system. Our wallet has been extremely popular since it launched a few years ago and Bitcoin.com developers have been relentlessly improving the platform with every update. The Bitcoin.com Wallet is extremely fast and our team takes pride in giving people the opportunity to purchase digital assets in a fast and secure manner.

In order to purchase one of the available crypto-assets, simply tap the ‘Buy’ tab in order to access the digital currency you desire. Bitcoin.com’s buying service shows the user the asset’s exchange rate in the local currency they chose when they created their first wallet. From here, you simply enter the amount of BTC or BCH you would like to purchase, and press the ‘buy now’ tab when you are satisfied. Users can also purchase two types of Simple Ledger Protocol (SLP) tokens; SPICE and USDH.

You will need to verify your identity in order to complete the purchase, and you also need to provide payment information as well. After all those steps are complete, the digital currency you had purchased will be sent to the address you provide. The process is extremely easy to learn and the ability to purchase more than $10,000 worth of BCH and BTC (spice and USDH as well) is an added bonus. If a user doesn’t want to leverage the Bitcoin.com Wallet by mobile, they can also opt to purchase digital assets using their desktop. The $10K+ limit has also been extended to our buy.bitcoin.com portal, which also allows individuals to purchase ETH, XRP, LTC, BNB, and XLM.

The Bitcoin.com Wallet also offers a myriad of crypto services that most other clients do not offer. For instance, at any time our wallet users can swap their BTC or BCH using the sideshift.ai integration. Bitcoin.com users can pay for things faster than before with bitcoin cash by leveraging the software’s Instantpay feature. Additionally, our wallet users can also house Simple Ledger Protocol (SLP) tokens in a noncustodial fashion. Lastly, our wallet gives people access to a wide variety of our services at Bitcoin.com that help promote economic freedom and cryptocurrency knowledge. Making it simple for people to understand, utilize, and store digital currencies has always been Bitcoin.com’s main goal, and extending the purchasing limits above $10K will make it even easier.

What do you think about the ability to purchase more than $10K worth of BTC or BCH? Let us know in the comments below.

The post Bitcoin.com Wallet Users Can Now Purchase More Than $10K Worth of Cryptocurrency appeared first on Bitcoin News.

Bitcoin.com’s Market Aggregator Now Features Into the Block Crypto Asset Statistics

17/04/2020 by Idelto Editor

At Bitcoin.com we take pride in providing the best cryptocurrency resources online so people can learn about the great benefits of bitcoin. One particular service we offer is a cryptocurrency market valuation and price data aggregator called markets.Bitcoin.com. This week our team is pleased to announce markets.Bitcoin.com now features statistics from the crypto asset intelligence company Into the Block.

Also read: Bitcoin.com Exchange Now Supports Reserve’s Stablecoin RSV and the Utility Token RSR

Markets.Bitcoin.com Now Offers Into the Block Crypto Asset Intelligence and Data

A while back, Bitcoin.com introduced our market capitalization aggregation site markets.Bitcoin.com so our visitors can track their favorite digital assets at any time. Markets.Bitcoin.com shows the top 500 cryptocurrency values in real-time and there’s never a need to refresh the page to see current prices. In addition to the crypto market capitalizations, visitors can also view the tokens tab to get a comprehensive look at the tokens built on Omni Layer, Counterparty, Bitcoin Cash, and Ethereum.

Further, users can also monitor the Gainers & Losers tab, which gives people a view of the top ten crypto gainers and losers during the last 24 hours. Additionally, our market’s page has Tradingview charts and stats about a coin’s algorithm, proof type, current supply, and max supply as well. This week we also partnered with the crypto asset intelligence company Into the Block (ITB) in order to provide even more comprehensive cryptocurrency data.

Essentially, ITB is an intelligence company that uses machine learning and statistical modeling to deliver actionable intelligence for crypto assets. Users who leverage our markets.Bitcoin.com service will be able to access ITB data to get info in regard to their favorite coins. In order to get a glimpse at the ITB stats on our market aggregator, simply choose a crypto asset and press the “more details” tab. After that, you will see a Tradingview chart and you need to scroll down a hair, in order to see the ITB data. The ITB information gives visitors an interesting perspective of onchain metrics that provide a rapid understanding of the state of the cryptocurrency chosen.

A ‘Deeper Dive’ Into the Fascinating World of Crypto Market and Network Statistics

For instance, if you were to choose the Bitcoin Cash (BCH) network, the ITB data shows statistics like holders making money at the current price, the concentration of large holders, price correlation with BTC, holder composition by time held, transactions greater than 100K, Telegram group stats, and BCH transaction demographics. The ITB stats are shown with clean and easy-to-understand charts that give people a greater understanding of each coin. There’s also additional statistical information on the number of large transactions, transaction size, and the number of daily active addresses. In order to access the plethora of ITB data, markets.Bitcoin.com visitors can choose any cryptocurrency they desire information about under the “more details” tab as mentioned above. If the visitor wants to look further into ITB’s crypto asset intelligence, they simply need to press the “dive deeper” tab, which will bring them directly to the ITB website.

At Bitcoin.com we believe in the future of crypto assets and blockchain technology, and our markets.Bitcoin.com stats are there so people can have access to reliable data. The latest ITB integration makes the data even more extensive by offering a thorough look at each crypto coin’s activity and integral operations. So if you are into tracking and monitoring your favorite digital currencies and want more information than the average crypto cap aggregator, then check out markets.Bitcoin.com today. We promise you will find all the statistical crypto market and network data you need, and then some.

What do you think about markets.Bitcoin.com Into the Block integration? Let us know in the comments below.

The post Bitcoin.com’s Market Aggregator Now Features Into the Block Crypto Asset Statistics appeared first on Bitcoin News.

Bitcoin.com Exchange Now Supports Reserve’s Stablecoin RSV and the Utility Token RSR

16/04/2020 by Idelto Editor

Bitcoin.com Exchange Now Supports Reserve Stablecoin RSV and the Utility Token RSR

Bitcoin.com’s Exchange continues to grow and during the last few months, the platform has added support for a number of well known tokens. This week, the trading platform has added support for the Reserve stablecoin (RSV) and the project’s utility token (RSR). Bitcoin.com Exchange users will be able to trade RSV and RSR with trading pairs like bitcoin cash (BCH) and tether (USDT).

Also read: China’s Research Institute Updates Crypto Ranking — Review Affected by Pandemic

Bitcoin.com Exchange Adds Two Reserve Tokens – RSV and RSR

Since launching the trading platform Bitcoin.com Exchange last September, the service has seen considerable growth. The exchange is a simple-to-use trading engine that offers a variety of different cryptocurrencies. Popular digital assets hosted on the platform include coins like litecoin (LTC), ripple (XRP), tron (TRX), zcash (ZEC), stellar (XLM), dash (DASH) and eos (EOS) are paired with markets denominated in base currencies such as bitcoin cash (BCH), ETH, BTC, and tether (USDT). This week, the Bitcoin.com Exchange has added two different tokens from the Reserve project. The team behind Reserve wholeheartedly believes that everyone’s money “should be secure,” but also they also stress they are “building a universal store of value.”

In order to complete their goals, the Reserve team notes the project will move through three different phases that are increasingly decentralized. Reserve’s creators think that cryptocurrencies are a far better form of money, but they need to be both accessible and a store of value that can be leveraged as a unit of account. The project’s first phase will be more centralized where reserves are backed by collateral and pegged to the United States dollar. The second phase aims to utilize a “basket of assets” and still keep the USD peg. “And in the third and last phase,” the Reserve team says. “[Is] the dollar-peg, which would be abandoned to stabilize the real purchasing power of Reserve.

Stablecoins Offer a Hedge Against Volatile Markets

Bitcoin.com Exchange users will now have the chance to obtain or trade against Reserve tokens with BCH and USDT. The two tokens that will be added include the stablecoin (RSV) and Reserve’s utility token (RSR). When an open-finance stablecoin RSV is purchased, the team says the assets used to obtain RSV are “held in a collateral smart contract, so there is always a 1:1 collateralization.” The RSR token is a utility token that has a myriad of roles in the Reserve network. The Reserve project’s decentralized price-peg scheme is similar to the way Makerdao operates.

Stablecoins like Reserve offer a number of benefits for traders looking for arbitrage and those looking to hedge against big drops in value when the crypto economy slides. If you haven’t signed up for our trading platform, the process is quick and easy. Simply register with exchange.Bitcoin.com and you’ll be able to instantly trade, deposit, and withdraw your favorite digital assets. Bitcoin.com’s user interface is designed for ease-of-use combined with a professional-grade trading platform configured to offer seamless swaps in a secure environment.

What do you think about Bitcoin.com Exchange’s continued growth? Share your thoughts in the comments below.

The post Bitcoin.com Exchange Now Supports Reserve’s Stablecoin RSV and the Utility Token RSR appeared first on Bitcoin News.