A native crypto asset of the gaming-suited blockchain network Enjin-Enjin Coin, spiked by more than 150 percent today while the Bitcoin price remained stable after the sudden plunge over the weekend that we previously covered in our altcoin news.
Enjin Coin surged by 207 in a timeframe of 24 hours against Bitcoin. The analysts believe that the sudden surge of the crypto asset is because it was listed as one of the coins to get supported on the crypto wallet of Samsung’s S10 Galaxy smartphone alongside Ethereum, Bitcoin, and Cosmee.
However, Enjin still remains 58th according to market cap on the global market. The coin is not the most valuable there is because it is still unknown to the mainstream. But, by adding the coin to the S10 Galaxy blockchain wallet, the cryptocurrency could be exposed to a bigger market.
The tutorial for the blockchain wallet explained further:
“The blockchain is a new method that enables every user to store and process data in a decentralized ecosystem, and it is used in many areas. [Such areas include] secure distribution information confirmation, insurance and contract verification, copyrights management, content distribution, game items storage, crypto assets storage, and cryptocurrency transactions.”
Enjin is one of the leading protocols in the blockchain gaming space which makes possible for developers to efficiently deploy games that are based on the blockchain. The representative of Enjin stated:
‘’After our presentations, many projects and attendees approached us to learn more about the Enjin Platform and discuss potential cooperation, and we were frequently complimented for creating an ecosystem that allows for immediate application and real-life use cases.’’
There is still no official statement from both Samsung and Enjin confirming the nature of the partnership.
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“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
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“BSV doubled on Craig’s copyright news. This is only the start of him proving BSV is the only bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.”However, as reported in the latest cryptocurrency news, the copyright does not entitle Craig Wright with any exclusive rights on Bitcoin. It seems as the big pockets are pouring and pumping the Bitcoin SV market to confirm the ‘’we-are-the-best’’ slogan. A massive 200 price surge is one of the reasons why traders should restrain themselves from buying the high or the lower lows. The Bitcoin SV (BSV) price corrected up to 53 percent before establishing a historic high at $195 on Huobi. The market bias is currently bullish and the majority of the technical indicators signal the strong buying sentiment. With the flawed fundamentals, a dump right now should not surprise the market.
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