Home / Blockchain / Eos (EOS) generates scam projects on its blockchain and are starting to go out-cheating

Eos (EOS) generates scam projects on its blockchain and are starting to go out-cheating

  • EOS Black hangs 80% in 4 hours, pop-up output scam claims

EOS Black, a blockchain-based venture capital fund, built on top of the EOS blockchain, has recently been the subject of strong controversy.

Only a few days ago, the currency managed to lose more than 80% in just under 4 hours, a few moments after registering a strong price breakout. A Twitter user @rektkid_ shed light on the event and offered a more in-depth look at what exactly caused this fall.

Calling EOS Black a project with a "$ 400 million capitalization with absolutely nothing to show", this Twitter user pointed to another interesting thing. Apparently several people entered the EOSPrice telegram and began to spread rumors about how a group of pumps and landfills would explode the price from $ 0.25 to $ 0.5. This has deceived the "naive speculators" who started taking positions in the NERI tokens expecting this growth. The price was pumped just above $ 0.41 before dumping took place, probably ruining those who expected the pump to last even longer. The ensuing drop was quite brutal, breaking through the previous $ 0.25 and touching the low at $ 0.6.

The user later reported that this decline may have been caused by EOS Black that early investors have abandoned scams from the project. Tracing the sales transactions that caused the decline, rektkid found that a large amount of dumped tokens ended up being sold in a Korean exchange called Cashierest. His last contribution was to reveal the addresses that sold the most Black chips during this fall.

For their part, EOS Black came out with a rather inconsistent explanation. Their complete answer was as follows:

"Hi, the eOSBLACK team.

The reason for the recent fall in prices has been attributed to the release of a large amount of money in a short period of time due to the incitement of malicious rumors (Chirashi) distributed to initial investors.

There has never been any dumping of the developers inside the company and, once again, the transaction in the eosblackteam account that comes with the acquisition is the amount paid to the & i & # 39; Initial investor I mentioned before.

If there is an investor who wants to explain directly from the person in charge of the company, this is also possible, so please visit after the appointment.

I am saddened by the loss of investment caused by a sudden fall in prices. In our eosblackteam, we promise to do our best to develop according to the road map we have issued to investors since then and we will try to recover the symbolic price. "

And while the dispute remains looming above the project, the price does not seem to worry as much as EOS Black has recovered 23% of its value in USD on the newspaper at the time of writing.

  • Tether reopens the verification of the account and the direct redemption of fiat from its platform

In an ad titled as above, Tether launched its redesigned direct customer verification / redemption of Tether on fiat features.

The old redemption model that operated directly through Tether's native platform was discontinued earlier, due to the inability of the platform to handle what they call an "unexpected rush" of new cryptocurrency operators during the year. previous one.

This model has been replaced by a new "flexible" model, which will try to "exploit the consolidated infrastructure and security of Bitfinex", a platform created with these volumes in mind. Those wishing to redeem their Tether on fiat could do so in 1: 1 via the Bitfinex link, with which Tether maintains long-lasting business relationships. Bitfinex's ability to manage this process has been criticized in the past by some community members who were not able to exchange their USDT in USD.

However, after partnering with the Deltec bank, Tether has regained the necessary skills to manage the verification / reimbursement process itself. Investors can now use the portfolio on the platform to create and redeem without having to rely on a third party.

The process has been redesigned to favor the professional investor public, as all accounts will have new minimum issue and redemption requirements of $ 100,000 and $ 100,000 USD respectively. Apparently, customers will be limited to a USD repayment per week.

  • 24 ICOs that raised $ 2.8 billion currently have almost no trade volume

A guest author on Cointelligence has recently published a piece that analyzes some of the best ICOs on the market and their general appeal among traders. The conclusions reached following this analysis have not been encouraging.

Noting that many of these tokens have "significant" economic problems, the author, whose name is Andrew Tar, adds that the biggest might be the lack of liquidity around them.

"Liquidity is a significant parameter for any financial asset and shows the speed at which the asset can be converted into cash – in other words, it represents the speed at which it is possible to buy or sell certain products" explains the author. It suggests that some tokens have less than 1% of their total offering in circulation, with most token holders choosing HODL rather than spending.

"… big transactions are disastrous for these markets, if someone wants to buy or sell a significant amount of tokens, the deal can shake the market, and in such circumstances the person can actually become a monopolist and the person is able to change the price The owner of a large quantity of tokens can manage the market and influence the project " he added. A weakness like this is not something you want to see in a healthy financial market.

He analyzed more than 20 projects that managed to raise over $ 50 million from their investors by launching an ICO. TaTaTu, Dragon, Hdac, Paragon, Bankera, Qash, Envion, PressOne, WAC, TenX, Dropil and others are in this list, with all those who suffer from the symptoms above. Check the full article here if you want to delve into the complete list of problems and problems that ICO suffer due to low trading activity.

  • NASDAQ launches the Bitcoin futures in 2019 despite the recent market crisis

Bloomberg reported today that Nasdaq Inc. will continue with its plan to list Bitcoin futures by the end of the first quarter of 2019, even if the current market conditions are such.

The second largest stock exchange in the world is currently working to meet the requirements of the main US swap regulator, the Commodity Futures Trading Commission, before launching the aforementioned futures. This is not the only entity that is trying to get CFTC's favor at the moment, as a New York-based investment management company VanEck is also following the compliance review process.

The futures will be in competition with the existing CME and Cboe contracts, which have been traded since December of last year.

Nasdaq futures will be based on the price of Bitcoin on numerous spot exchanges, put together by VanEck Associates Corp., said Bloomberg's source.

  • ICONLOOP launches "ICON Development Network" on the Amazon Web Services market

ICONLOOP, a technology company specializing in blockchain in Seoul focused on being the "technical" part of the ICON project, has revealed that its latest product, "ICON Development Network", is now available on the Amazon Web Services market.

The company is part of the AWS partner network from the start of 2018; with ICON Development Network, I am now able to provide a software solution that allows developers to run a private instance of the ICON blockchain via AWS.

"The ICON Development Network will provide a ready-to-use development environment that allows developers to bootstrap their private ICON network, tailored to their needs and needs, to create, test, or validate your own project running on the ICON protocol, " explains the official average announcement of the project.

The solution aims to "improve understanding, accessibility and convenience" when building on the ICON network and potential developers can check it on the official GitHub page of the project.


Join our Telegram channel or

Source link