Conventional market caps and supply estimates may be inaccurate in that they do not give a “real” picture of the amount of bitcoin (BTC) and major altcoins that are currently in circulation, according to a new report. Crypto financial data provider Coin Metrics has developed a methodology for calculating these figures, which it calls the “free float supply” model.
Bitcoin has attracted attention from some of the world’s biggest investors this year. The bitcoin price, up just under 30% so far this year despite a coronavirus-induced crash in March, has been hovering around $10,000 per bitcoin since its supply squeeze in early May.
Elliptic, the global leader in crypto asset risk management solutions, today launched support for privacy coins Zcash and ZEN, enabling crypto businesses to adopt these assets in a compliant way. Genesis, an industry pioneer and leader in digital currency trading and lending will be using Elliptic’s transaction and wallet monitoring solutions to detect and prevent illicit activity in Zcash and ZEN.
In a token sale that has again proven investors still have a keen interest in Ethereum applications, the blockchain data startup, The Graph has raised $5 million in funding from investors.
The bunker at Bridges holds more than just loot. Apex Legends’ mysterious hacker just got more lore. Crypto can use his drone to reveal a hidden message from his foster sister, Mila, who the community believed was dead until the Lost Treasures event trailer showed her reaching out to Crypto.
Hackers target the San Francisco School of Medicine. Image: Shutterstock In brief Hackers targeted the University of California’s medical school. They demanded a ransom of $1 million for sensitive data. The university paid the ransom in Bitcoin. University officials have paid hackers a ransom of over $1 million in Bitcoin to regain access to encrypted academic data.
Quiet is the best word to describe the bitcoin market. Tuesday’s trading stayed within the same price range maintained over the past several weeks, with bitcoin remaining inside a tight $200 range for much of the day.
The Ripple network, which is considered the main competitor of the SWIFT global payment system, has just onboarded a new engineer
The UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd. According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange showed signs of being “nothing but a scam”.
Members of the Senate Banking Committee were told Tuesday that they should encourage the U.S. Department of the Treasury and the Federal Reserve to launch a central bank digital currency pilot program to avoid being left behind as other nations move ahead on their own digital currency projects.
Cryptocurrency, the 21st-century digital currency continues to change the world with its flagship coin, Bitcoin. Expectedly, there has been an increased interest in the dynamics of this modern currency. Topics including cryptocurrency exchanges, trading and secure wallets have been well clarified by experts. However, there are still areas of concern regarding the use of Bitcoin, […]
$190 Million Bitcoin Fund Tied To Former ‘Sheriff Of Wall Street’ Solidifies Role As Institutional Leader
New York Digital Investment Group (NYDIG) today disclosed, in an SEC filing that it closed a $190 million bitcoin fund. The NYDIG Institutional Bitcoin Fund LP, reports that it has 24 unnamed investors and is exempt under Rule 506(b) of the Regulation D safe harbor protections established in 2013.
The long-awaited Altcoin Season is still to wait. Nevertheless, we were able to win this year, already some of the Altcoin projects are neat to drive. Among the winners in the second quarter of this year SwissBorg (CHSB) and Bancor (BNT) are to be found again. SwissBorg (CHSB) was able to since 1.
Ark Invest has said bitcoin is a “contender for the first global digital money”-…
Recently published data from glassnode shows there are currently more than 1,800 Bitcoin ( BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish. The term whale is used within the crypto industry to describe an individual investor that holds a large amount of BTC.
Bitcoin could be set to break into a new trading range after weeks of being confined between the $9,000 to $10,000 levels. Bitcoin price chart analysis shows that a bullish breakout above the $9,800 level could see the cryptocurrency testing the $11,500 level.
In brief Market intelligence firm Glassnode said in its new report that the number of Bitcoin whales is increasing for the first time since 2016. More whales have entered the market because more Bitcoin has been withdrawn from exchanges. Despite the increase in whales, they are not richer-partly because of Bitcoin’s current price.
Brands are spending more on marketing during the COVID-19 pandemic. They are driving innovations and channel shifts — many of them permanent — and a stronger focus on the customer. And email is one of the big three in terms of increased budgets, according to Customer Engagement Report, COVID-19 Special Edition, a study released on Tuesday by Merkle.
For most people, currency is synonymous with the cash in your wallet; nothing is further from the truth. The money evolution has been facilitated by the need to exchange goods. This important human invention has undergone a long process of historical evolution.
Here’s Why Ethereum, Tezos, Stellar, Chainlink are Not Yet Legitimate Bitcoin (BTC) Investment Alternatives
Feyyaz Alingan, a Security Consultant at Exeon Analytics and Founder of Blue Alpine Research, a Switzerland-based research firm focused on digital assets, has pointed out several “alternatives” to Bitcoin (BTC). Alingan, an electrical engineering graduate from ETH Zürich, says that Ethereum (ETH) may be considered a Bitcoin alternative.
Ethereum-based data startup, The Graph, has revealed that it has raised $5 million after its token sale. The San Francisco firm announced on Tuesday that the new token sale, utilizing the Simple Agreement for Future Tokens (SAFT) model, for various accredited investors.
COVID-19’s impact on the financial industry has been strong and noticeable. In fact, there are reasons to believe that COVID-19 will have a dynamic and significant impact on the world’s economic landscape, both at present and in the future. Analysts across the globe are now evaluating how COVID-19 will necessitate a large-scale re-examination of research […]
Spain’s National Police on Sunday arrested 33 people who allegedly sold illegal medications online and laundered at least part of their €3 million ($3.37 million) profit in virtual currency. The busts, conducted against two separate organizations, resulted in the seizure of over 70,000 erectile dysfunction tablets and other drugs that Spain’s health regulators have not approved.
We feature the top brokers and exchanges that offer the option to buy litecoin (LTC) with a credit card or debit card. For larger sums you can also send a wire transfer. We list exchanges and services based on personal experience, and reputation.
Bitcoin price (BTC/USD) is hovering around the $9,000 handle after buyers have managed to return above this important level. In the meantime, a well-respected crypto analyst says that the community is still not convinced about reports about PayPal.
BTC/USD is trading around $9,200 recovering from a slight drop to $9,070. For the most part, Bitcoin has remained flat. ETH/USD has experienced similar price action but the recovery was worse and it’s trading at $225 after the daily 12-EMA and the 26-EMA have crossed bearishly.
For several years now, cryptocurrency has been one of the hottest topics in the world. It still is. A lot of big and influential companies and organizations use bitcoin when buying and selling services. In fact, more and more people get interested in crypto every day.
According to a recent report by BBC News, University of California San Francisco paid hackers $1.14 million in bitcoin after a ransomware attack earlier this month. The Netwalker ransomware group is believed to be behind the attack which encrypted data on the School of Medicine’s servers, making it temporarily inaccessible.
Readers will be very familiar with the €1.9bn Wirecard scandal that has rocked Germany, firmly placed a spotlight back onto the world of auditors and dangerously caused pause for thought for Fintech firms in the U.K. from a regulatory standpoint.
Cowen Inc. (NASDAQ:COWN) has undergone a key executive move with the appointment of Michael Fitzgerald to help lure hedge funds and similar clients to the company’s prime-brokerage business. Mr. Fitzgerald had served at Cantor Fitzgerald for nearly 16 months, heading up its equity prime services origination business in New York.
The cryptocurrency space has remained relatively uneventful over the past 24 hours with Bitcoin BUY NOW (BTC) stubbornly anchored in the $9,100 – $9250 range. Even Ether (ETH), the second-largest crypto by market cap, has remained low-key just above support at $220.
Ethereum expects boosted transactions per second, or TPS, as the network shifts toward the long-awaited Ethereum 2.0, or ETH 2.0, according to Etheruem co-founder Vitalik Buterin. “ETH2 scaling for data will be available before ETH2 scaling for general computation,” Ethereum Buterin said in a June 30 tweet.
Financial services company for tokenization of assets LCX and real-time data analysis company LunarCRUSH announced on Monday they have signed a memorandum of understanding to form a long term partnership to provide advanced crypto market insights for security tokens and compliant digital assets According to the duo, LCX’s clients will soon have access to real-time social signals and community insights directly at LCX Terminal trading interface.
According to a recent survey by the Financial Conduct Authority (FCA), which is working with the Government and the Bank of England, as part of a UK Cryptoassets Taskforce, more and more people are now aware of cryptos and getting into them. The survey states, “We estimate 3.86% of the general population currently own cryptocurrencies.
COVID-19 has left the U.S. and global economies in tough shape. After a steep decline in economic activity that began in February, the economy added 2.5 million jobs in May. Lost in all the celebration were 295 thousand more workers – and over 1 million over the last three months – who were classified as permanently unemployed.
Batten down the hatches and hide away your cattle, as we are just under a month away from the launch of THQ Nordic’s Destroy All Humans! This remake of the 2005 action title – built from the ground-up by Black Forest Games – will beam down …
Market Wrap: Crypto Market Eerily Quiet as Bitcoin Stuck Near $9K Quiet is the best word to describe the bitcoin market. Tuesday’s trading stayed within the same price range maintained over the past several weeks, with bitcoin remaining inside a tight $200 range for much of the day.
New news broke in mid-May about OSL, which is an Asian digital asset platform. The company announced that its Custody Service had been selected as the digital asset custodian to Equities First Holdings. This new development is part of a large-scale strategy on EFH’s part.
Bitcoin has gained quite a reputation over the years since its inception. Nowadays, more and more organizations are slowly making a shift towards accepting bitcoin as a mode of transaction as well. And since Bitcoin has emerged as a possible great mode of transaction, it is clear that Bitcoin trading has become quite commonplace as well.
Cryptocurrency entered the world to create a new future to improve people’s finance. The evolution of cryptocurrency started in 2009 the new digital age was born by entering the decentralized network. The real value of cryptocurrencies is an investment in tomorrow’s financial system. Cryptocurrencies can be used to create a diverse and transformative way.
New Delhi: A cryptocurrency trader was kidnapped by four criminals, including two juveniles, and forced to pay in Bitcoin for his release. The accused had interacted with the trader by posing as customers. The victim, Arpit, was made to sit in a car in east Delhi and taken to outer Delhi where he was forced to transfer cryptocurrency at gunpoint.
In March 2020, The Australian Taxation Office (ATO), the entity responsible for tax administration in Australia similar to the IRS in the US, was in the process of initiating the largest crypto tax crackdown. As news.com.au reported, the ATO was planning to send out crypto tax warning letters to 350,000 Australians.
61% of the Bitcoin circulating supply has not moved in 1 year. 44% has not moved in over 2 years, and 28% in over 3 years. The percentage of Bitcoin that has not moved is an indicator of investor confidence in BTC being a store of value.
The price of Bitcoin ( BTC) recorded its strongest Q2 performance in history following a massive plunge on March 13 when the price dropped below $3,600 before eventually pushing above $10,000 over the next three months. Researchers at Skew said: “Bitcoin is having today its third best quarterly close in its young history.”
By | Digital technology startups need venture capital or some other type of reliable funding to grow and expand their operations. Several foreign investors have been supporting Indonesian startups which are a critical part of the trillion-dollar economy. Investors have been investing in selected qualified Indonesian start-ups,…
The cryptocurrency markets were mostly in the green on Tuesday, as BTC prices gradually bounced back to USD 9100 levels. Data shows that the correlation between BTC and SPX has been increasing again, which could be a renewed concern for crypto traders. DeFi tokens have seen notable prices actions with KNC jumped more than 8%.
Cryptocurrency Market Recovers from March Crash, DeFi Tokens Make their Entrance – Q2 2020 Crypto Recap | CoinCodex
We’ve reached the end of Q2 2020, and the cryptocurrency market delivered plenty of exciting action in the last 3 months. Overall, the quarter was highly positive for crypto assets, with the market displaying an explosive recovery from the lows that were hit during the massive crash on March 12.
Genesis will use Elliptic to monitor Zcash and ZEN transactions for illicit activity from today – Elliptic’s products support over 97% of all cryptoassets by trading volume, the broadest coverage of any blockchain monitoring tool LONDON and NEW YORK, June 30, 2020 /PRNewswire/ — , the global leader in cryptoasset risk management solutions, today launched support for privacy coins and , enabling crypto businesses to adopt these assets in a compliant way.
Mike Novogratz, the CEO of Galaxy Digital, believes Bitcoin is competing with Tesla and Beyond Meat, not gold
Singapore-based Broctagon Fintech Group has announced its AXIS (Affiliate Expansion Integrated System) CRM upgrade to reward clients with greater flexibility when depositing cryptocurrencies. The update has added more than 40 new cryptocurrencies for brokers to accept deposits in, which means traders
Salvatore Palella is often credited as the man who brought electric scooters to Italy. Less known is his attempt to bring ride-sharing to the blockchain. In June 2019, Italian Minister of Transportation Danilo Toninelli granted a decree to allow micro-mobility businesses to operate in cities that decided to participate in an e-scooter trial, at Palella’s urging.
ATLANTA, June 30, 2020 /PRNewswire/ — Ternio BlockCard, a crypto fintech platform enabling consumers to convert cryptocurrency for real-world utility, has been rated the number one debit card for consumers by CryptoCurrencyCard.org. The financial review publication has covered a wide variety of products from across the globe and is a leading source for professional reviews on the latest in prepaid, debit, and credit cards that support cryptocurrency.
The world’s largest cryptocurrency exchange in terms of trading volume Binance and the Indonesian crypto exchange Tokocrypto have together launched the first-ever rupiah-backed stablecoin called Binance IDR (BIDR). The newly-launched stablecoin is now available for trading according to the announcement made on June 30, 2020.
Bank of America is treating Bitcoin, Ether as “cash,” will let you purchase crypto with credit cards | CryptoSlate
The adage cannot hold truer when it comes to the cryptocurrency markets. This year alone, banks like JP Morgan, Goldman Sachs, and even the People’s Bank of China – all anti-crypto at some point – have expressed their interest in offering cryptocurrency services to clients.
Research conducted by the United Kingdom’s Financial Conduct Authority (FCA) has found that 1.9 million U.K. residents currently own cryptocurrencies, while 2.6 million are estimated to have bought crypto “at some point.” The research report published by the FCA into how consumers interact with cryptocurrency markets in the U.K.
Who knew that the post office wasn’t just for sending and receiving packages and letters anymore? In Australia, customers are now eligible to purchase bitcoin and cryptocurrencies from local post offices. One of the country’s oldest establishments – Australia Post – is now teaming up with bitcoin.com.au to give customers the chance to buy bitcoin through a new feature known as Post Billpay.
The COVID19 Coronavirus outbreak has rocked the world, flipping everything on its head from industry to education. One of the things hit hardest, excluding the health of the global population, is undeniably the world’s economy. With nations completely locked down, trade slowed down to a crawl, industry shut down, and cash flow went from free-flowing to a trickle within weeks.
An unknown person or entity just sent a whole lot of money while hiding in plain sight.
Record Breaking Unmoved Bitcoin Data Sparks Expectation of Imminent Bull Run | Markets and Prices Bitcoin News
The amount of bitcoin that has not moved in over a year is at an all-time high. The last peak was in 2016, before the bitcoin bull run that saw the price spike to $20K. Several forecasting models have predicted that the price of bitcoin will reach $20K this year and the next bull run could start as soon as next month.
The app is called “Pass” and was created by SK Telecom. The authentication aspect of the app can be used for a variety of purposes, such as combating underage drinking. The app is linked to the license verification system of the Korean Highway Traffic Authority and National Police Agency.
Posted on: June 30, 2020, 08:34h. Last updated on: June 30, 2020, 08:34h. New federal charges are pending against one-time lobbyist Jack Abramoff for a plot involving bitcoin – several years after his previous arrest and sentencing for violations related to the tribal gaming sector.
Beijing is aiming to become a hub for blockchain innovation over the next two years, integrating the city’s economic development with the new technology.The post Beijing sets up special fund as part of plan to become a blockchain hub by 2022 appeared first on The Block.
Matcha, a decentralized exchange from 0x that launched today, wants to become the new standard in cryptocurrency exchanges. The 0x team believes there is an opportunity to raise the bar and create a new, simpler trading experience that will usher the next wave of crypto traders into the greater DeFi ecosystem.
Australia’s stock exchange may delay its blockchain overhaul, thought leaders are meeting in Washington, D.C., to discuss the digitization of money and Ethereum devs have a proposal to pump the brakes on high gas fees. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant.
Today, the European Innovation Council (EIC) has given out grants to six projects from a pool of €5 million (roughly $5.6 million), under the “Blockchains for Social Good” program. “Six winners selected in a call to identify scalable, deployable and high-impact blockchain solutions for societal challenges,” the organizers explained.
A new startup wants to change the way freelance talent and respective clients find each other through a community-run platform. To accomplish this, the project will feature its own governance token. The core premise of the platform, known as Braintrust, is to remove middlemen from the process of hiring highly skilled talent for contract and freelance work – primarily in the IT industry.
Pantera Capital CEO Dan Morehead and 10T Holdings cofounder Dan Tapiero traded conflicting views of the economic recovery at the Real Vision virtual crypto summit Tuesday. The crypto space investment chiefs, both â€œdie-hard macro guys,â€ disagreed on where COVID-19 is leading the economy, with Morehead projecting a â€œlingeringâ€ recession and Tapiero saying he hasnâ€™t been this bullish since 2012.
There’s not many publicly traded companies working with blockchain, the technology first made popular by bitcoin. The result is a largely opaque industry, where once transparency was held paramount. While some companies still strive for what might be considered extreme transparency by most current standards, much of our information about blockchain business still comes from filings to the U.S.
Community members expressed that there is a need for a new banking app from Ripple. There are too many banking apps with some serious problems with the transfers. Further users land up getting their funds locked. This is becoming an increasing problem these days.
XRP/USD has been generally weaker than the rest of cryptocurrencies. There aren’t many support levels nearby for XRP. It’s quite obvious for anyone watching XRP charts that the digital asset is really weak and continues dropping every day. On June 27, XRP lost an old support level at $0.174 plummeting to $0.169.
The proposed digital dollar could be the breakthrough app many blockchain proponents are waiting for, but this excitement needs to be balanced by practical considerations. On June 30th, 2020 the U.S. Senate Banking Committee held a second hearing to discuss the potential for a digital U.S.
Press Release TEL AVIV, ISRAEL / ACCESSWIRE / June 30, 2020 / Kirobo has discovered a way to retrieve cryptocurrency that has been sent to the wrong address. The solution developed by the Israeli startup could prevent the loss of funds caused by human error when sending digital assets.
Research from Microsoft reveals that Indonesia had the highest malware encounter rate across the Asia Pacific region in 2019. They conclude that this indicates a surge in cryptojacking and ransomware attacks. The report shows that the region continues to experience a “higher-than-average” encounter rate for ransomware and other malware attacks, posting figures 1.6 and 1.7 times higher than the rest of the world, respectively.
Decentralized exchanges (DEXs) are seeing more action than ever thanks to a surge in decentralized finance (DeFi) activity. The chief benefit of DEXs compared to the Coinbases of the world? They allow users to hold their crypto until they make a trade, without trusting anyone besides the counterparty of each sale.
Technology has become central to everyday life. From finding new ways to make money smarter to communicating with each other, humankind is reliant on technology companies to provide these services for us. But despite its great influence over modern life, tech still faces a diversity problem.
Singapore-based blockchain developer Pundi X has recently announced that its blockchain-based point-of-sale device, the XPOS®, is now capable of supporting PayPal. Deployed in over 30+ countries all over the world from Japan to Brazil, the XPOS® has been providing scores of brick-and-mortar stores with
NIIT Ghana is organising free workshop on Python, Cryptocurrency, Graphic Design & Database. The workshop will commence from July 10 to July 31. Mr. Asadullah, Campus Head, NIIT Accra said the essence of the workshop is to enhance the skill of today’s youth to catch up with the current market trends.
Share this article In a surprise move yesterday, the Indian government has blocked 59 apps with Chinese links that include hugely popular apps such as TikTok, WeChat, and UC Browser. The block comes amidst rising tensions between India and China on the eastern Ladakh border.
Telegram seems like a pretty good place to have conversations you’d like kept secure and private, unlike, say, some other messaging apps. As such, it’s got a pretty good following among the cryptocurrent crowd, who are wary of things insecure and public. This does not mean, however, that Telegram’s own cryptocurrency was a good idea.
A man has welcomed his firstborn into the world with a message on the Bitcoin blockchain. (Image: Shutterstock) In brief A Redditor welcomed his firstborn into the world through with a Bitcoin transaction. “Tookdrums” wrote a message to his son in his transaction. He has also started small savings account for his newborn.
Binance China Partners with China’s State-Owned Enterprise to Drive Blockchain-based Supply Chain Adoption
Binance China Research Institute partnered with the State-Owned Enterprise (SOE) in China on June 29, to drive the adoption of blockchain technology in the supply chain sector. The news of the new strategic partnership is a substantial move for Binance, which started its trade in the Chinese nation.
In the past few hours, bitcoin price managed to correct higher above USD 9,000 and USD 9,080. BTC even attempted an upside break above the USD 9,200 resistance, but it failed. The price is now stuck in a broad range below the USD 9,200 and USD 9,300 resistance levels.
In a blistering ruling, federal Judge Beth Bloom tore into the self-proclaimed Bitcoin creator’s pattern of misleading statements and actions during the $10 billion case’s pre-trial phase, but again refused to impose sanctions In a blistering 39-page ruling, federal Judge Beth Bloom outlines a pattern of Craig Wright making allegedly misleading and perjurious statements as well as presenting forged or false evidence, but rules against sanctioning him..
Arsen Torosian tap Founder / CEO tap Global logo tap Mastercard Tap goes live on Bithumb Global 2 July 2020 What we do is combine the legacy of traditional banking with the allure of the crypto market to allow customers to access their crypto and use this as an additional method of personal finance.”
So many users are dependent on Ethereum client Geth that a bug could temporarily freeze the network – something blockchains aren’t supposed to do, ever. In light of this, Ethereum Core developers decided Friday to postpone work on the Berlin hard fork until at least August in an effort to give other clients a chance to increase their share of the network.
The city government of Beijing and the surrounding area has announced a new two-year plan to foster the Chinese capital’s blockchain industry. Per an official announcement from the People’s Government of Beijing Municipality, the capital’s plan involves setting up blockchain technology talent training authority, and establishing a city-run fund that will invest in promising blockchain industry firms. The city also expressed its wish to set up a framework to support and integrate blockchain advances.
Mainnet crypto staking on the Matic network went live on June 29, 2020. Delegators need a minimum of one Matic token to participate, and with a current price of just under two cents, the barrier to entry is low. Matic’s co-founder and CEO, Sandeep Nailwal took to Twitter to give an update on how the rollout is progressing.
You have to use phrases like “Ethereum Is Going To The Moon” because we are after all talking about cryptocurrency, the bad boy of the financial world. I’ve never been a fan of Ethereum because it is a “bag ‘o nails” as far as I can see.
As Pride month comes to an end, Cointelegraph hosts an online meetup to discuss LGBTQ+ issues in the crypto and blockchain community. Called “LGBTQ+ and Blockchain: Community-Powered Tech and Tech-Powered Community,” the new session of Cointelegraph Talks features community members like LGBTTech’s Christopher Wood and UNAIDS’ Eric Lamontagne.
US Senate central bank digital currency hearing: motivation is to sustain status of dollar – Ledger Insights – enterprise blockchain
Today the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a virtual hearing on the Digitization of Money and Payments with a focus on central bank digital currency (CBDC). Much of senators’ questions focused on the motivation for a digital dollar, the two key ones being the international status of the U.S.
Pantera Capital CEO Dan Morehead and 10T Holdings cofounder Dan Tapiero traded conflicting views of the economic recovery at the Real Vision virtual crypto summit Tuesday. The crypto space investment chiefs, both â€œdie-hard macro guys,â€ disagreed on where COVID is leading the economy, with Morehead projecting a â€œlingeringâ€ recession and Tapiero saying he hasnâ€™t been this bullish since 2012.
Hut 8, a Canadian cryptocurrency mining company, raised $8.3 million from selling of a 6% equity stake to investors. The initial goal was $800,000, iHodl Russia reports. The investment funds will reportedly allow Hut 8 to remain competitive, while smaller mining companies with old equipment face difficulties due to the bitcoin halving, which happened on May 11, 2020.
So many users are dependent on Ethereum client Geth that a bug could temporarily freeze the network â€” something blockchains arenâ€™t supposed to do, ever. In light of this, Ethereum Core developers decided Friday to postpone work on the Berlin hard fork until at least August in an effort to give other clients a chance to increase their share of the network.