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Altcoin News

Dash Is Upgrading Its InstandSend Feature: Payments To Become Instant, Permanent And Secure

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We all know that the latest crypto news show nothing but steep declines, downward runs and year lows for Bitcoin and many other altcoins. The spring for mass adoption somehow transformed into a triathlon in which contestants are starting to sink in the water and being unable to finish the race.

And while we all know that the blockchain technology needs to be better, some altcoins are working on it. Dash is one of them with its InstantSend transactions which may hold the answer to the future of sending and receiving crypto.

As the latest news show, Dash is actively implementing an upgrade to its InstantSend system and potentially making all transactions instant, permanent and secure. This marks the first time Dash is working on a system like this – and a major step towards making cryptocurrency usable for regular merchant transactions.

Currently, Dash InstantSend is only available as an optional feature that causes the masternode network to lock the inputs of a transaction until they can receive 10 on-blockchain confirmations. With the new update, however, all of the simple transactions will automatically be locked using InstantSend for no additional fee and with no special action or support on the part of the interface.

According to the lead developer at Dash, Udjinm6, the InstantSend system specifications are summed up in these words:

“Auto-locking is working… well, automatically for all transactions which have 4 or less inputs (all with 6+ confirmations) and pay at least the minimal (i.e. normal) transaction fee. There is no need for any user interaction or wallet support, it’s all done on a masternode level. You’ll still be able to use “pure” InstantSend transactions by paying the per-input fee, just like today.”

The controversial cryptocurrency is now on a mission to become the most user-friendly blockchain-based payments method in the world – all thanks to instant payments that replicate the user experience right now.

That said, paying with Dash in the future may be as easy as swapping or tapping a credit card.

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Altcoin News

Privacy Cryptocurrency Monero (XMR) Celebrates Its 5th Birthday

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We have a birthday token in the latest cryptocurrency news - the privacy cryptocurrency Monero (XMR) which is celebrating five years of existence this week. First launched in April 2014, Monero has been crowdfunded from the start. Along with its decentralized and grassroots-based structure, it has been almost entirely developed by volunteers. The privacy cryptocurrency Monero is best described by its contributor Diego Salazar who said:
“Monero is very committed to its decentralized, grassroots structure meaning we took no premine. We don’t take a percentage of the block rewards. There was no [initial coin offering]."
He also estimated that there is anywhere from 100 to 200 volunteers working on the Monero XMR project, a number which is mostly “depending on people’s time and availability." The project itself, according to Salazar, is not just about building a blockchain protocol. As featured on many altcoin news sites, it is also about redefining and boosting a global movement that will be centered around digital privacy.
“We’re not just trying to make global internet money. We’re trying to teach people the importance of things like privacy…It’s a very powerful tool and I think it’s a very necessary tool in our day and age,” Salazar noted.
There is right now a free PDF version of a book titled "Mastering Monero" which talks about the privacy cryptocurrency Monero and is created by an Italian contributor with an alias "SerHack" who released it. Originally published in late 2018, this book was fully funded by the Monero community and is designed to teach non-crypto users the importance of "private and censorship-resistant transactions."
“With monero, for every input that you are spending, you will pull other inputs from the blockchain, other people’s random inputs…and it makes it appear as if all these inputs are spent. It makes it seem mathematically like any one of these [inputs] could have possibly been the [transaction] signers," another report notes.
From Salazar's perspective, however, there are many improvements to the privacy cryptocurrency Monero - one of which is the upgrade of the network's user interface and experience (UI/UX) which are set to happen in the upcoming months.
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Altcoin News

Binance Coin (BNB) Is The First Crypto To Surpass Its 2018 All-Time High

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In the coming altcoin news, we are featuring the Binance Coin (BNB) altcoin which has had a stellar performance over the past week and year, surging by more than 315% since January 1st. The altcoin managed to surpass its all-time high values established on January 12th last year, becoming the first cryptocurrency with such performance. Binance Coin (BNB) is right now trading at $24,47 and continuing to surge. Despite the recent correction, it is featured on many best cryptocurrency news sites as a true winner this month and the first token that managed to soar past its former ATH value against the USD achieved back in January 2019 right around the peak of the historic bull run of the market, when BNB was trading at $24.46. Against Bitcoin, Binance Coin (BNB) is also doing great and surging to new levels. In the latest cryptocurrency news, analysts expect it to get over the $25 mark. For that, it is definitely safe to say that there is more than just one reason for BNB's strong performance throughout 2019. Some of them are as following:
  • Utility - The main purpose of the BNB coin was to allow traders to receive significant discounts on trading fees when using BNB to pay for them - with recurring discounts in regards to listing fees, withdrawal fees, exchange fees and other fees.
  • BNB Burning - Binance Coin (BNB) had a limited supply of 200 million but the Malta-based exchange later said that it would leave just 100 million BNB in circulation.
  • Binance Chain - This is another major development trending in the altcoin news section as one of the recent launches for the decentralized exchange Binance Chain.
  • Changpeng Zhao (CZ) - Last but not the least is the boss of Binance, the popular CZ, who is behind the rise of Binance Coin (BNB) and constantly playing a role as a prominent individual in this market.
The above listed are only some of the reasons why Binance Coin (BNB) deserves to rise and why it has had such a strong performance. It is interesting to see whether the coin will maintain its steady course upwards.
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Altcoin News

Crypto Market Cap Surges To $180 Million, Binance Coin (BNB) Leads

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In the latest cryptocurrency news, we are seeing a lot of positive movements as another weekend unfolds. Currently, the crypto market cap is back over $180 billion as it approaches the previous highs for 2019, according to data from CoinMarketCap. The big question is - are new highs on the horizon for 2019? A lot of analysts think so when seeing the total cryptocurrency market capitalization and the major cryptos surging. Obviously, the main point for the future is the $200 billion mark which needs to be established quickly - which will be the case if the positive sentiment continues. Over the past day, Bitcoin (BTC) has managed to climb 1.5% and contributed to the growth of the crypto market cap. The most dominant cryptocurrency is now closer to its highest price for the past 24 hours at $5,330 - in fact only a few dollars below that. Ethereum (ETH), on the other hand, is in the coming altcoin news and part of the growing crypto market cap for its return to $175 which is a crucial level for the coin. The ETH chart looks like a mirror of the Bitcoin momentum. Ethereum managed to gain more than 5% since last weekend but the gains have been slow going. Right now, the top ten coins are contributing to the crypto market cap with small yet important gains. The Asian trading session saw all of the top ten coins in the green, with only Binance Coin (BNB) going massive and reaching a new all-time high at $24.80 All of the signals now are that BTC will retest the 2019 high of $5,400 and many analysts sharing their thoughts on the best cryptocurrency news sites are confident that the resistance will be broken as well. Bitcoin Cash (BCH) is also up 3.5% as it climbs above $307 - however, the rest of the market made only marginal movements over the past 24 hours. The top twenty sees minimal rises which on a wider scale, ramp up and contribute to the growing crypto market cap. There are no big dumps occurring today. However, at the bottom of one hundred largest cryptocurrencies, Bitcoin Gold is perhaps one of the losers, dropping 3.5%. Right now, the total cryptocurrency market cap is $180.5 billion and is heading for the $181 billion mark.
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Altcoin News

Crypto Exchange Poloniex Starts Tether (USDT) Support

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The major crypto exchange Poloniex started offering support for Tether's stablecoin USDT on the Tron (TRX) blockchain, according to an official announcement. The latest cryptocurrency news published on April 19th showed that the US-based digital currency exchange Poloniex has added support for deposits and withdrawals of USDT within the Tron network. The official announcement said:
"To support both versions, our crypto exchange Poloniex will be converting a percentage of Tether currently on the Omni network to Tether on the TRON network. The amount of USDT we receive in the airdrop will be based on the amount we convert. Once the airdrop begins, Poloniex customers will be credited based on the amount of Tether they hold on Poloniex. The airdrop is scheduled to begin on April 30th and more details will be provided next week."
According to the announcement which went viral in the Bitcoin and altcoin news, the development will support Tether on both chains - the USDT issued on the Omni protocol and the Tron network. The crypto exchange Poloniex also said that their decision to support the new chain is reasoned by expanded flexibility it provides to the USDT platform. In order to support the two issued versions, Poloniex will be converting a percentage of Tether which is currently on the Omni blockchain to Tether within the Tron blockchain. As Poloniex noted in the announcement:
“The amount of USDT we receive in the airdrop will be based on the amount we convert. Once the airdrop begins, Poloniex customers will be credited based on the amount of Tether they hold on Poloniex.”
Meanwhile, Tether started issuing USDT on the Tron (TRX) blockchain on April 17th - and this development has been an upgrade from the Omni protocol-based USDT.  As the best cryptocurrency news sites reported, this would enable users to hold and transfer the cryptocurrency through smart contracts on Tron. In December 2018, the crypto exchange Poloniex launched a dedicated offering for institutional traders and joined an increasing array of operators looking to service the institutional market. Before that, Poloniex explained then that the move had been taken in order to ensure that the exchange complies with the regulatory requirements in every jurisdiction. However, this announcement did not refer directly to any specific regulations.
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