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Ontology (ONT) Posts Massive 45% Gains In Past 24 Hours

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The Ontology (ONT) cryptocurrency is one of the China-based coins and cryptocurrency projects which benefited from the recent statement of President Xi Jinping and his endorsement of blockchain technology. As a result, the altcoin news today feature ONT and its amazing 45% rise with which the cryptocurrency nearly doubled its value in the recent days.

At the time of writing, Ontology (ONT) is changing hands at more than a dollar, off the intraday high of $1.1830 which saw it gaining almost half of its price. In comparison, the coin was trading at around $0.65 on October 25.

Fundamentally, Ontology and its head-spinning growth aligns with the general bullish trend among the Chinese-based coins caused by the President Xi’s speech to the Politburo three days ago, where he said that China should lead the global blockchain revolution.

The Ontology (ONT) cryptocurrency is now the best performing altcoin today. Even though Xi never mentioned cryptocurrencies, it is featured in the cryptonews as a top performer along with Tron (TRX) which managed to spike and post 25% gains overnight.

On the downside, we can see that Ontology (ONT) has strong support at $0.9450. A sustainable move below this handle will increase the downside pressure and take this price towards the next critical support created by SMA100 daily at $0.7546.

For those of you who don’t know, Ontology (ONT) is an enterprise grade token which has a mission to provide secure and unique client chains. It is also designed to protect data and systems. The platform is considered a ‘private room’ in a public blockchain, with the main aim of bringing the distributed ledger to big business in a usable form.

Even though ONT is similar to the NEO blockchain, it is a separate entity. Ontology is actually a network of blockchains rather than one single blockchain project – designed to help migrate proprietary enterprise platforms onto a distributed ledger model without putting a compromise on them. The blockchain network wants to fix the issue of trust which makes companies back out of projects that are open-source (like the Ethereum blockchain).

Currently, Ontology sits on the 23th position with a price of $0.9 and a market cap of $534 million.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Crypto Friendly Banking App Is Now Among Europe’s Top Fintechs

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Crypto Friendly Banking App
The latest cryptocurrency news put one crypto friendly banking app from the United Kingdom in the focus. We are talking about Revolut, the startup which raised $500 million in a fresh funding round and tripled its valuation to hit the $5.5 billion mark. As the Financial Times reported on February 25, this makes the cryptocurrency supporting app one of Europe's most valuable fintech firms. Ever since 2017, the app has enabled the users to complete transactions in cryptocurrencies which include Bitcoin (BTC), Litecoin (LTC), Ether (ETH) as well as Ripple's native token, XRP. In December 2018, the firm also received a banking license in Lithuania which paved the way for this crypto friendly banking app and allowed it to offer a fuller suite of banking services. The new funding round, as we can see, was led by the Silicon Valley venture capital group TCV which invests in major tech players such as Facebook, Airbnb, Tripadvisor, LinkedIn and Spotify. The $5.5 billion valuation of Revolut by TCV equals the previous record which was set by a private European fintech - Sweden's Klarna back in 2019. The fact that this app is mentioned in the Bitcoin news for its cryptocurrency and stock trading features tells a lot in the regulation crypto world, signifying that a bright future is here for the project. With a user base of 10 million, Revolut saw major customer growth and rose by over 150% last year. Alongside its crypto and stock trading features, the firm is also looking to expand into lending services and is actively pursuing a regulation crypto UK banking license. So far, the UK proved to be a highly lucrative market for Revolut but disrupter banks, too. Many times, these banks are dubbed "neobanks" and have had their users soaring from 7.7 million to 19.6 million last year, according to reports released yesterday by Accenture. Right now, the first half of 2020 is seen as a crucial period for the crypto friendly banking app and one which may see Revolut launching in the United States, if the firm manages to clear the regulatory hurdles. It has also been eyeing an expansion to the Latin American and Asian markets. All of this shows that crypto-related banking services are on the rise.
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WaBi Guide: The Youngest Class Of Cryptocurrency Explained

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Wabi guide
Wabi is one of the younger generations of cryptocurrencies and facilitates purchases on the Walmai platform by filtrating the original and counterfeit products thanks to its anti-counterfeit technology. In our Wabi guide today, we will discuss why this coin exactly is gaining traction because of the claim to free the ecosystem of fake goods. Wabi is an open platform that provides support for the anti-counterfeit system and the cryptocurrency is denoted by the symbol WABI. The total supply is 99.2 million WABI and it is used as a unit of exchange in the protected goods ecosystem. The pre-ICO started on the 28th of July while the main ICO launched on 28 November 2017 with a price of 0.25 USD per token. The Wabi guide will also show you what the crypto is used for. For example, it can be used to avail special discounts and improve the delivery terms and bonuses with the purchases. It will use the Radio frequency identification and the near field communication as a base for the counterfeit technology. The project is based in Singapore but the main activities happen in China. It has made special provisions in order to comply with the rules of China. The platform was co-founded by Alex Busarov and Yaz Belinskiy who aimed to expertise the engineering and sales marketing team and to boost the Chinese market. The Walimai label is put on all of the goods that are moved through the designated point of origin along the supply chain and the label will connect the good with the digital representation in the cloud that contains a unique ID, geographical data and dynamic code. The consumers can review the data by simply scanning the Walmai app and set the digital objects stored in the cloud which will be sent for public verification. The results of this process will be delivered to the consumer and the consumer can verify the authenticity of the product in order to get relevant information. WaBi blockchain provides a secure method to verify the product through geo-stamping and through its distributed record verification which cannot be modified by the creators. The platform offers a few interesting features which make it unique from most other cryptocurrencies. The crypto doesn’t want to be a store of value or a computer of sorts but it simply has a goal to act as a tool to fight fake products and ensure authenticity.
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Decentraland ICO Crypto Finally Opens After Three Years

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decentraland ico
Almost three years after the Decentraland ICO Cryptocurrency of the platform is now finally opened as a virtual world where the participants can buy and sell fake land and construct buildings so let’s read more about it in the following ICO cryptocurrency news. Over the past ten days, Decentraland ICO games have bought more than $1 million worth of digital anchorage on the Ethereum virtual reality product as per the Bloomberg reports. All of the Decentraland users will be able to use the project’s native crypto asset MANA as a payment in the game. While the platform conducted the ICO cryptocurrency in 2017, it managed to raise up to $20 million by selling its MANA token. The reminiscent of the popularity that was seen initially in the Crypto Kitty games in 2017, Bloomberg reported that the Decentraland digital land now has more trading activity than any other Ethereum-based asset according to the data from NonFungible. Etherscan, on the other hand, shows that Crypto Kitties are still at the top of the non-fungible token tracker list with Decentraland staying at the thirteenth position. Classified as non-fungible tokens or NFTs are not the same so they cannot be mutually exchangeable. The decentralized autonomous organization or DAO which is built on the Ethereum network keeps tabs on Decentraland by ensuring the whole operation working as planned. The developers are paid and there’s not a main human intervention for constructing the game’s inner work. The project head Ari Meilich explained:
 “The users are in control of the digital assets, which is something that hasn’t happened before. I think that over time players will gravitate toward games where they are more in control.”
As per the other Decentraland news, HTC announcing that the altcoin MANA will be their strategic partner, MANA spiked almost two times against the US dollar. For those of you who are asking themselves why these unique crypto assets are part of HTC and Samsung’s plans, the truth is that both smartphone manufacturers believe that their potential exceeds the realm of payments and goes above and beyond the popularized cryptocurrencies in the likes of Ripple, EOS, Litecoin, Stellar and TRON.
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0x Developers Launch Liquidity Aggregation Tool: Report

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0x developers
The 0x Developers team which is basically a decentralized exchange protocol, launched a new product for aggregating liquidity for different decentralized exchange networks but mainly for the Ethereum-based exchange protocol as we are reading further in the 0x news below. The 0x protocol was established in 2016 and allows for the peer to peer exchange of assets on the Ethereum network. The protocol has seen more than $750 million in total volume and more than 30 projects being built upon it according to the website. The 0x developers and the entire core team upgraded the protocol to version 3 which includes a set of bridge contracts that will enable liquidity aggregation for the 0x as well as other DEX networks. The new product utilizes the bridge contracts and enters the liquidity pools of both on-chain DEX networks such as MakerDAO’s Oasis and off-chain DEX networks such as 0x. The marketing lead Matt Taylor explained:
 “There are tons of projects that use the liquidity from individual DEX networks, but the liquidity isn’t connected. Our goal is to provide the best price for any token trading pair on the market...it’s pretty much guaranteed with 0x API because we’re just pulling from networks that have the best prices.”
For example, while 0x is quite liquid when it comes to popular trading pairs such as DAI and ETH or USDC to DAI, he says that there’s a lack of liquidity on other coins such as Augur that could be more liquid on another network. 0x wants to solve this problem by creating an order that will be split between all DEX networks and returning back the best price there is. With only a few code lines, the 0x developers can now connect to the API and get a quote in the back end so they will be able to execute the transaction at the best prices. Taylor continued:
 “We want to be the most liquid decentralized exchange, but we also want to provide developers the best price. If that’s not on 0x native liquidity, we’re happy to give them on Kyber, for example, because that’s a better developer experience. ‘’
0x API does not have a bridge with dYdX which is a margin lending exchange that started sourcing liquidity from 0x in 2019. The platform has a closed pool as Matt explained so while the maker that uses 0x API could potentially make an order on the margin trade on dydx, there is not a single possibility on the taker side to fill dydx trades via 0x API.
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