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OKEx Exchange Overcomes Binance As World’s Largest, CEO Quits ‘To Start New Life’

There has been a change in rankings for the leading cryptocurrency exchanges. The leader so far, Binance, has just dropped a position and became the second largest cryptocurrency exchange, handing the throne to OKEx.

According to Bloomberg, the Malta-based OKEx overtook the market leader Binance. However, the CEO of OKEx, Chris Lee, did not actually celebrate the news. Instead, he left his position in order to “start a new life”.

Anyways, the OKEx turnover recently reached over $2 billion in trades in the past 24 hours alone, outpacing Binance which has been the world’s largest exchange for around 4 months.

There are many different reactions to both the situation and Lee’s move. Some people are even pointing to fake allegations – coming from OKEx parent operator OkCoin which had previously been embroiled in a scandal over fake trading volume.

Still, Lee’s move does not align with the good news for OKEx and many people think that the entire situation needs further elaboration from his side.

Meanwhile, Binance became more profitable than Deutsche Bank this year- which means that OKEx looks good on the horizon and may even break this record. For now, we only know that the exchange is among the fastest growing online trends.

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TRON: The Only Cryptocurrency That Is Spiking This Week

In what many would call “the worst week for Bitcoin in 2018”, the situation on the market looks daunting. All of the top 20 cryptocurrencies are drastically sinking day by day….except for one coin.

We are talking about TRON (TRX) which is a cryptocurrency that is in constant gains this week. Even though the gains are minor, they are possibly on the back of positive news flow. Some analysts say that the crypto markets could remain on the defensive next week too – but TRON (TRX) will likely be unaffected.

If you don’t know what TRON is or on what the TRX coin is based, the best way to describe it, in a nutshell, is as a:

a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.”

The main reasons why TRON stands above other cryptos this month is its Mainnet which is a concept that increased the popularity of the cryptocurrency. The MainNet’s launch will make this concept the biggest dApp platform on a global scale.

Currently, TRON’s price, team, and popularity are all growing. Even though some would say that the cryptocurrency lacks proper marketing, TRON’s innovation is not unnoticed. The new form of decentralization that TRON is offering has even affected Ethereum and its price.

All in all, TRON definitely has a potential to achieve greatness once the MainNet is launched – and according to many – will easily come in the top 10, becoming a cryptocurrency that is as popular (or more popular) as Bitcoin.

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Top 5 Altcoins Expecting Fast Growth In 2018

Want to invest in cryptocurrencies?

If yes is your answer, we would advise you to check out these altcoins expecting fast growth in 2018. So, let’s begin.

Litecoin (LTC)

Market cap, as of Jan. 9: $13,997,004,049 USD

Circulating Supply, as of Jan. 9 : 54,670,458 LTC

Max Supply: 84,000,000 LTC

Creator: Former Google employee Charlie Lee

Litecoin has been termed as the silver to bitcoin’s gold.

Created by Lee back in 2011, called as an alternative to bitcoin. Lee essentially aimed to cut the amount of time required to confirm new transactions.

According to Lee “My vision is people would use Litecoin every day to buy things. It would just be the payment method of choice”.

Litecoin is also designed to produce more coins — it has an 84 million coin limit, versus bitcoin’s 21 million. About 54 million coins are currently in circulation, versus bitcoin’s current 16.7 million circulating supply.

Monero (XMR)

Market cap, as of Jan. 9: $6,087,304,574 USD

Circulating Supply, as of Jan. 9 : 15,578,315 XMR

Creator: Monero’s creator is anonymous.

With Monero, the details of every transaction are recorded on a public ledger, but its untraceable. For Monero there’s no way for anyone else to connect the dots between the sender, receiver or size of the transaction.

There are about 15.5 million XMR in circulation, and, unlike bitcoin and Litecoin, Monero doesn’t have a fixed coin supply.

Ripple (XRP)

Market cap, as of Jan. 9: $97,739,637,232 USD

Circulating Supply, as of Jan. 9 : 38,739,144,847 XRP

Max Supply: 100,000,000,000 XRP

Who created it? Ryan Fugger, Chris Larsen and Jed McCaleb

Former bitcoin developers launched software company Ripple in 2012 and its digital currency, XRP, its called by some industry types as bitcoin’s logical successor.

As said by New York Times “a cross between Western Union and a currency exchange, without the hefty fees” because it’s not only a currency, but also a system on which any currency, including bitcoin, can be traded.

Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one friction less experience to send money globally,” its creators explained.

Ripple has licensed its blockchain technology to over 100 banks. And a new hedge fund recently announced it would be denominated in XRP.

Tron

Market cap, as of Jan. 9: $9,999,445,349 USD

Circulating Supply, as of Jan. 9 : 65,748,192,475 TRX

Max Supply: 100,000,000,000 TRX

Creator: Justin Sun

TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.

On New Years Day of 2018, Tronix overtook the top spot for volume traded on Binance for Alt Coins, including other major players Ethereum, Bitcoin Cash and Ripple. It made massive gains (over 30% in a day), showing real wind behind its sails as a cryptocurrency. It jumped from $.03 value to $.06 overnight.

Cardano (Ada)

Market cap, as of Jan. 9: $23,751,089,289 USD

Circulating Supply, as of Jan. 9 : 25,927,070,538 ADA

Max Supply: 31,112,483,745 ADA

Creator: Blockchain developer Input Output Hong Kong (IOHK)

The Cardano blockchain is launched a few months ago and has created massive gains in its coin, called Ada, in November to get into the top 10 cryptos in terms of market cap.

The project began in 2015 and termed itself as the first blockchain network backed by a “scientific philosophy”.

Cardano, while still a relative unknown, is apparently big on private transactions as well as responding to the needs of regulators, making it primed for mass adoption.

Cardano’s framework is still in its “bootstrap era”, and the next phase in its road map is set to launch sometime in the second quarter of 2018. Its framework is still being developed, and it may take time for it to reach the full-fledged smart contract platform.

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TRON Founder Acquiring BitTorrent Inc: All The Things We Know

According to a report by TorrentFreak from May 25th, the TRON founder Justin Sun is reportedly in the process of acquiring BitTorrent Inc. which is the operator of the popular torrent client uTorrent.

What’s interesting is the fact that earlier this year, Justin Sun sued BitTorrent Inc. for violating a “No Shop” clause from a letter of intent that he had signed in January. Sun’s lawsuit notes that after this letter was signed, BitTorrent’s chief David Chao told him that the company received three “superior” bids from other companies they were in talks with.

After that, Sun’s request for a restraining order for BitTorrent to cease communications with other potential buyers was also dismissed in court. As TorrentFreak writes, the exclusivity period of the letter of intent ended at the end of February, when Sun already had registered a holding company called “Rainberry Acquisition”.

BitTorrent confirmed that the acquisition has not been finalized yet, while Justin Sun still hasn’t responded to our request for a comment.

Meanwhile, TRON is planning to launch the Tron Mainnet in five days. The cryptocurrency is currently ranked ninth on Coinmarketcap and is down a little over 2% in the past 24 hours. The mainnet that is going to be rolled out is probably going to “decentralize the web” and the torrents can align with its idea.

Unrelated to any of this news, the creator of BitTorrent Bram Cohen in 2017 announced that he is planning to create his own cryptocurrency that will fix the “centralization problems” of Bitcoin.

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Monero Mining Malware Hits Apple Macs

There has been a new Mac-based cryptojacking attack reported all around Apple’s forums this week, forcing users to unwittingly run software that mines the privacy coin Monero. According to the blog post published by Malwarebytes, this software was first discovered when a user noticed that a process known as “mshelper” consumed suspiciously large amounts of CPU time.

The user also said that “mshelper” was constantly appearing in the CPY section of the Activity Monitor at high levels. After installing a program named BitDefender and Malwarebytes, their attempts proved unhelpful. One reader even suggested running Etrecheck which immediately identified the malware and allowed the victim to remove it.

According to Malwarebytes Labs, there have been many suspicious processes installed for which the program was able to find file copies. The “dropper” in this case is the program which installs the malware. Most usually, the Mac malware is installed by decoy documents that users mistakenly open, downloads from pirate sites as well as false Adobe Flash Player installers.

The location of a launcher file called “pplauncher” which is maintained by a launch daemon was found by researchers – meaning that the dropper probably had root privileges. All in all, this malware was modeled to mine Monero (XMR) in a file that combines more than 23,000 tasks.

Even though the mining malware is not dangerous unless the Mac has damaged fans or clogged vents (resulting in overheating), it is a practice that is considered as a hack and one that works to benefit crypto scammers.

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