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| comment | | "parent_author":"",<br>"parent_permlink":"crypto",<br>"author":"coinintelnews",<br>"permlink":"bitcoinandaltcoinsretreatasbullspausewhilebitcoindarkjumps26-jovwmki5gw",<br>"title":"Bitcoin and altcoins retreat as bulls pause while BitcoinDark jumps 26%",<br>"body":"<center>https:\/\/coinintelnews.com\/wp-content\/uploads\/2018\/05\/7202DB2A-56C3-4800-838D-74595D0A8A34.png<\/center> <br \/>Bitcoin continues to give up recent gains,<br> to trade at $9,<br>300.\r\n\r\nAltcoins are slipping across the board,<br> with Bitcoin Cash and Ethereum dropping 7%. The only top 10 alt flashing green is the redoubtable EOS,<br> although it too has pulled back from highs early last week and is currently priced at $17.98,<br> 5.3% higher in the past 24 hours,<br> according to cryptocompare.com.\r\n\r\nOne coin bucking the southerly trend today is the mysterious BitcoinDark (BTCD). It is a mystery because to try to get a handle on its erratic price movements,<br> which saw it reach highs highs last month of $253 (see chart),<br> is tough work. It was trading at $122 yesterday according to coinmarketcap (cmc) and has since risen 26% to $155 at the time of writing.\r\n\r\nBitcoinDark has developed a protocol for peer-to-peer trading of the coin with other crypto that can work with its tech. The InstantDEX protocol means crypto can be transacted instaneously in a truly decentralised fashion.\r\n\r\nThe Komodo Project,<br> who\u2019s relationship with the original development team is unclear,<br> is working to push development forward,<br> in particular its pegged asset trading tech that theoretically would allow trading of exchange traded funds and equities with crypto,<br> although there is no news in that area to explain today\u2019s movement.\r\n\r\nCirculating supply of BitcoinDark is 1.29 million out of a total of 22 million. The network uses a proof of stake consensus mechanism,<br> so is more efficient from a computing power perspective than btc\u2019s proof of work,<br> and most of the trading - more than 90% - takes place on Poloniex. The Poloniex exchange was acquired by US payments startup Circle in February.\r\n\r\nWith a market of $202 million BYCD is the 94th-ranked coin according to cmc and is up 150% in the past 30 days to date.\r\n\r\n <br \/><center><hr\/><em>Posted from my blog with <a href='https:\/\/wordpress.org\/plugins\/steempress\/'>SteemPress<\/a> : https:\/\/coinintelnews.com\/bitcoin-and-altcoins-retreat-as-bulls-pause-while-bitcoindark-jumps-26\/<\/em><hr\/><\/center>",<br>"json_metadata":" \"community\":\"steempress\",<br>\"app\":\"steempress\/1.2\",<br>\"image\":[\"https:\/\/coinintelnews.com\/wp-content\/uploads\/2018\/05\/7202DB2A-56C3-4800-838D-74595D0A8A34.png\" ,<br>\"tags\":[\"crypto\",<br>\"altcoins\",<br>\"bitcoin\",<br>\"\",<br>\"altcoins\" " | | comment_options | "author":"coinintelnews",
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