Kicking off the first panel of BlockShow Asia 2019, NEO founder Da Hongfei shared his views on the current state of decentralized web: “The internet is a great invention. It looks almost perfect. But is it really?” Citing examples like the Cambridge Analytica scandal and the Equifax hack, he highlighted a critical isolation problem plaguing the Web, leading to monopoly, centralization, abuse, and single points of failure. He brought up other challenges, including vertical friction, the lack of internationally accepted Web standards, and the general immaturity of technology — these issues could postpone the coming fusion of the physical and …

The United States-focused wing of leading cryptocurrency exchange Binance will add support for Neo (NEO) and Cosmos (ATOM). Binance.US announced on Oct. 30 that it will add full trading support for the two tokens on Oct. 31, both of which are among the top-20 tokens by market capitalization according to Coin360. Per the announcement, users can already start depositing funds before trading commences at 9:00 p.m. EST tomorrow. Cosmos provides a blockchain-based platform that works as a mediator between different blockchains. It launched its first ecosystem hub in March 2019 after raising $17.3 million in its token sale in April …

Last week Bitcoin’s (BTC) price action surprised the majority of the market and traders are now looking closely at altcoins to spot similarities that might signal a new altcoin market cycle. Daily crypto market data. Source: Coin360 As Bitcoin surged, China-based altcoins began to break out of their downtrend and showed some significant increases. For example, altcoins like NEO rallied 101% and Ontology (ONT) quickly gained 128%. Let’s have a look at the altcoin market for an overview. Altcoin market capitalization breaks the downtrend Total Altcoin Market Capitalization. Source: TradingView The total altcoin market capitalization broke out of a 4-month …

Though fundamentals play a large part in determining the price of an asset, short-term movements of the markets are driven by sentiment. This was clearly visible during the week. A few events soured sentiment early in the week, which dragged the total market capitalization of the crypto space down to $202 billion. When the markets are in a corrective phase, traders can become bearish even on events that do not have a material impact on the short-term. After the initial knee-jerk reaction, the markets digested the news and realized that it was not materially negative. This resulted in a pullback, …

An open-source network says it is cultivating exciting partnerships that will help build the next generation of the internet — as well as creating solutions to tackle the current roadblocks to mass adoption of blockchain. Neo says its goal is to bring digital identities, digital assets and smart contracts in one place, leading to the creation of a smart economy. A big milestone is looming for the project as the finishing touches are added to the third iteration of its blockchain network — and as reported by Cointelegraph back in August, a detailed roadmap has been outlined as Neo vies …

Neo, a decentralized open source blockchain application platform, announced that it became the first-ever blockchain member of Microsoft’s .NET Foundation. In the press release published on Sept. 24, the platform stated that during the .NET Conference 2019 Neo “joined the .NET Foundation, the Microsoft-created, globally leading open-source foundation,” adding: “Based on their shared open-source heritage, NEO and the .NET Foundation will further empower millions of developers to build the foundation for next-gen Internet. This partnership comes after NEO’s release of Blockchain Toolkit for .NET and NEO Express in September.” Per the announcement, Neo shared a preview of its Blockchain Toolkit …

NEO is launching the NEO3 Preview1 on a pilot testing network today, intending to introduce its developer communities to major updates in NEO3. First NEO3 TestNet On Sept. 17, in a press release shared with Cointelegraph, NEO Global Development (NGD) announced that it is releasing the NEO3 Preview1 build. Despite the fact that the official release of NEO3 is not until next year, the Preview1 build provides several insights into architectural changes and some major updates. In response to the release, Erik Zhang, NEO Founder, noted that: "Through the NEO3 Preview1 pilot, we've advanced forwards towards our goal of delivering …

The Cointelegraph Analytics team have released a summary of the most anticipated upcoming events for major coins including EOS, Tron (TRX) and Neo (NEO). EOS to have its first hard fork on Sept. 23 EOS, the seventh-biggest cryptocurrency by market cap, is expected to have its first consensus upgrade on Sept. 23, as EOS block producers (BPs) have agreed to activate EOSIO v1.8 on the EOS mainnet on this date. According to EOS Nation, a major BP, the upcoming event is the largest upgrade to the EOS network since it was launched. It is also the first update to require …

Decentralized crypto collectible game Blockchain Cuties Universe, which is already available on three platforms — Ethereum, EOS and Tron — has added a fourth, Neo. The company pointed out that this step makes them “the only game of its kind that supports four strong, competitive platforms and the first game developer working on Neo.” Fourth platform According to the company, Neo — one of the fastest blockchains out of all major protocols — will help to increase scalability within the game. The team emphasizes that, besides the Neo audience and cryptocurrencies (NEO and GAS), it is interested in its delegated …

An open-source project that aims to create a smart economy based on blockchain technology has unveiled a new program designed to fuel its ecosystem’s growth — while setting out a detailed road map for its new mainnet. Neo says its EcoBoost scheme has been designed to support developers and projects that are already in its ecosystem, as well as those that wish to join. A total of $100 million has been allocated to the initiative — and in the first phase, the firm is seeking to establish long-term partnerships that will fuel the organic growth of its network. Media outlets, …

Blockchain project NEO is considering integrating Celer Network’s (CELR) layer-two scaling protocol to improve scalability. Faster transactions, more possibilities As industry-focused news outlet Crypto Briefing reported on Aug. 17, John Wang, NEO’s director of Eco Growth, said that integration with Celer is under discussion. Celer’s platform is a solution that enables faster off-chain transactions both for payments and generalized off-chain smart contracts. To transfer value across the network, Celer uses its native CELR tokes. According to the report, community members say that Celer is fifteen times faster than Bitcoin’s (BTC) Lightning Network. Commenting on the development, Wang said: “A public …

With Bitcoin regaining market dominance of over two-thirds of the entire combined cryptocurrency capitalization, discussions regarding market share of prominent altcoins have largely left the dominant cryptocurrency discourse. Here is a different outlook on the market and on how the top cryptocurrencies stack up with the rest. Market dominance flows from alts to BTC since 2018 Market dominance between the top cryptocurrencies by market capitalization has changed over the last year. As of Aug. 19, 2018, as seen in the chart below, the three largest coins comprised 71.95% of the combined cryptocurrency market — an 8% difference to the figures …