BlackCoin Market Cap Reaches $5.66 Million (BLK)

BlackCoin (CURRENCY:BLK) traded down 10.2% against the US dollar during the twenty-four hour period ending at 11:00 AM E.T. on June 11th. BlackCoin has a total market cap of $5.66 million and $1.24 million worth of BlackCoin was traded on exchanges in the last 24 hours. Over the last week, BlackCoin has traded up 16.4% against the US dollar. One BlackCoin coin can now be bought for about $0.0932 or 0.00000252 BTC on major cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last 24 hours:

  • Qtum (QTUM) traded 5.4% lower against the dollar and now trades at $9.39 or 0.00025367 BTC.
  • BitBay (BAY) traded 0% higher against the dollar and now trades at $0.18 or 0.00001849 BTC.
  • Radium (RADS) traded 167.5% higher against the dollar and now trades at $2.07 or 0.00008889 BTC.
  • NuShares (NSR) traded 18.3% lower against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Atmos (ATMOS) traded down 3.2% against the dollar and now trades at $0.0094 or 0.00000025 BTC.
  • Global Currency Reserve (GCR) traded 0.6% lower against the dollar and now trades at $0.0007 or 0.00000002 BTC.
  • Rubycoin (RBY) traded 25.6% higher against the dollar and now trades at $0.42 or 0.00001121 BTC.

BlackCoin Coin Profile

BlackCoin is a proof-of-stake (PoS) coin that uses the Proof of Stake hashing algorithm. Its launch date was February 24th, 2014. BlackCoin’s total supply is 60,712,622 coins. The Reddit community for BlackCoin is /r/blackcoin and the currency’s Github account can be viewed here. BlackCoin’s official Twitter account is @CoinBlack and its Facebook page is accessible here. The official website for BlackCoin is blackcoin.org.

According to CryptoCompare, “BlackCoin has seen initial success due to its innovative features. The coin has incorporated bitcoin upgrades to reduce transaction risk. The coin initially uses proof of work as well as proof of stake, with the proof of work being dropped after the 10000th block. The advantages of Blackcoins proof of stake is that it has extremely fast transaction confirmation times at ten seconds – compared to bitcoins ten minutes plus. The other bonus is the low energy consumption without PoW mining. Interest is paid annually at a 1% rate – well below the present global average. “

Buying and Selling BlackCoin

It is usually not presently possible to buy alternative cryptocurrencies such as BlackCoin directly using U.S. dollars. Investors seeking to trade BlackCoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy BlackCoin using one of the aforementioned exchanges.

new TradingView.widget( { “width”: 600, “height”: 400, “symbol”: “BLKUSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “Light”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “allow_symbol_change”: true, “referral_id”: “2588”} );

Receive News & Updates for BlackCoin Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for BlackCoin and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.