EOS Developers Attempt 10% Buyback Ahead of Major Announcement

Earlier this week, it was revealed that EOS developer Block.one is attempting a 10% buyback of its stock, reportedly the second one in less than a year. It seems that some of the company’s investors are up for a big payday: The earliest backers could expect a hefty 6,567% return on their initial investments, while Michael Novogratz has already managed to secure a much more modest, though still profitable, 123% return. But why would Block.one buy its shares back in the first place? It appears that the startup’s executives are…

Crypto Market Remains Strong: Bitcoin Cash, BNB, EOS, TRX Price Analysis

The total crypto market cap grinded higher and tested the $245.0B resistance area. Bitcoin price is currently consolidating near the $8,000 level. EOS price broke the $6.30 resistance and it is currently moving towards the $6.40 level. Binance Coin (BNB) is surging higher and it recently broke the $35.00 resistance. Bitcoin cash price is trading nicely above the $400 support area. Tron (TRX) price is slowly moving higher towards the $0.0292 and $0.0295 resistance levels. The crypto market cap is gaining bullish momentum, with positive moves in bitcoin (BTC) and…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 24

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Cryptocurrency fund manager Brian Kelly expects Bitcoin to rally further in the next few months on the back of its “halvening,” due in 2020. He proposes investors to buy around the current levels and  keep 1% to 5% of their portfolio in Bitcoin. Similarly,…

Crypto Market Showing Positive Signs: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap found a strong support near $122.0B and recently climbed higher. Bitcoin price bounced back above the $7,700 and $7,800 resistance levels. Bitcoin cash price gained a strong bullish momentum and jumped back above $400. EOS price is recovered above the key $6.00 and $6.05 resistance levels. Stellar (XLM) price is currently consolidating below the $0.1250 and $0.1300 resistance levels. Tron (TRX) price is holding the key $0.0265 and $0.0272 support levels. The crypto market cap is showing positive signs, with bullish moves in bitcoin (BTC)…

EOS BP, Explained | Cointelegraph

2. It is based on a consensus mechanism called delegated proof-of-stake (DPoS). On a PoW blockchain like bitcoin, miners employ large amounts of computational power to solve complex mathematical equations. Once the equation is solved, the miner publishes the answer for verification by the other miners on the network, and consensus is reached. The block is then added to the chain, the miner that solved the equation collects his/her block reward, and everyone moves on to the next equation. On a PoS network like Cardano, nodes stake an amount of…

Crypto Merchant Bank Galaxy Digital Sells Shares in EOS Creator Block.One for $71 Mln

Crypto merchant bank Galaxy Digital has sold its shares in EOS developer Block.one for $71.2 million. The news was announced in a press release on May 21. According to the release, the bank reportedly accepted EOS’ tender offer back in April, closing the transaction on May 20 to realize a 123% return on its initial investment. Following the deal, Galaxy Digital’s investment in Block.One no longer represents a material investment position, the press release notes.   In a statement, Galaxy Digital CEO and founder Michael Novogratz outlined that: “The acceptance…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 20

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin rallied about 101.55% between April 2 and May 14. This sharp rally after a long bear phase surprised many, including us. Analysts at JPMorgan Chase have said that, after the rally, Bitcoin is trading above its intrinsic value. They find some similarities in…

Crypto Market Following Strong Uptrend: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap recovered sharply after testing the key $210.0B support area. Bitcoin price jumped back above the $7,800 and $8,000 resistance levels. Bitcoin cash price is up more than 5% and it recently broke the key $400 resistance. EOS price is now trading above the $6.00 and $6.15 support levels, with a positive bias. Stellar (XLM) price is currently consolidating gains above the $0.1300 and $0.1320 levels. Tron (TRX) price is slowly moving higher towards the key $0.0300 resistance level. The crypto market cap is gaining momentum,…

Crypto Market Testing Crucial Support: Bitcoin Cash, Litecoin, EOS, XLM Analysis

The total crypto market cap declined sharply and tested an important support near $210.0B. Bitcoin price is showing signs of a decent recovery above the $7,200 support level. Litecoin (LTC) price failed to stay above the $100 level and recently declined below $90. Bitcoin cash price is down more than $90 from the recent high and broke the $380 support. EOS price is once again below the key $6.20 and $6.00 support levels. Stellar (XLM) price is gaining traction and it is up more than 7% to $0.1310. The crypto…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 17

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Bitcoin witnessed a flash crash on Bitstamp exchange when it plunged to a low of $6,178. The fall was triggered by a sell order of about 5,000 bitcoins at $6,200. Some people speculate that the order might have been mistyped $6,200 instead of $8,200.…