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Market Cap $ 6.892 MM (#290)
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Rock News

Goldman Sachs-Backed Circle Says It’s All-In On Crypto

Stablecoins are one of the safest bets in the crypto space. Compared to the rock star price movements we’re accustomed to with other cryptocurrencies, they might even be seen as a little boring. But of late USD Coin (USDC), the ERC-20 stablecoin issued by fintech firm Circle, has been anything but boring. Traders are moving […]

3 days ago

TenX President Julian Hosp Says Goodbye

2019 began with a sad mood for the TenX community after the sudden announcement of the departure of Julian Hosp, now former President of the company. According to an announcement issued by TenX on its social networks, Toby Hoenisch will take over the leadership of the business with no one by his side, a decision that took many by surprise, even among the most loyal members within the community. The decision was peaceful and agreed upon, and came after several meetings that allowed them to reach a series of essential agreements at the executive team level. TenX thanked Hosp for all the work done “paving the way towards further success for TenX in the years to come.” An important #TenX company announcement. — TenX (@tenxwallet) January 9, 2019 TenX Community Has a Lot of Questions Yet to Be Answered The ambiguity of the announcement left many questions unanswered, and Hosp’s lack of a solid declaration explaining in depth the reasons for this drastic turn of events led many users to speculate about the causes of the dismissal. It is important to note that Hosp was recently linked to Lyoness, a company that was denounced in various countries for developing a Ponzi scheme. This recent news was associated by many users to the cause behind Mr. Hosp’s dismissal. Likewise, in addition to the dark past of its President, the constant failure to meet its objective of delivering a crypto-compatible credit card has somewhat tarnished the credibility of the project. Several people within the community also mention this as a potential cause. Everything Will Be Alright However, Julian Hosp subsequently addressed his followers, explaining that the decision could have been due to an incompatibility of opinions among the board members. Hosp said it was one of the most difficult decisions he has ever had to make, emphasizing his deep appreciation and optimism for the project: “While we were planning 2019 and beyond, it became clear to us as Founders that the only way forward is to mutually part ways. And that means that I will be stepping down as the President of TenX. It was one of the hardest decisions of my life... I can only wish my team the best for the future. They are full of rock stars, and I think they are going to do well.” Hosp commented that after his departure he would take a short vacation, not offering any further details about his plans for the future (in case he has any). In the face of the wave of speculation and controversy, both parties addressed the public clarifying certain points. Julian Hosp explained that his departure was peaceful and did not take more than three days to make it. I might be repeating myself, still I want to highlight again that the decision to step down as the president of TenX as mentioned in my announcement was made in the past 3 days only. I am sad to read random speculations that try to combine false facts to make a story out of it. — Dr. Julian Hosp (@julianhosp) January 9, 2019 Meanwhile, the TenX team announced that they will conduct a Q&A next week, clarifying the community’s questions. Hey community, we understand that you've got a lot of unanswered questions. In next week's Q&A livestream, Toby will address #TenX future, Q1 and the top upvoted questions in this thread. Thank you and see you on the livestream: — TenX (@tenxwallet) January 9, 2019 After Hosp’s announcement, TenX’s token (PAY) has suffered a sharp decline, going from a a stability zone between 0.20 - 0.22 USD to a price under 0.16 USD according to data provided by coinpricewatch The post TenX President Julian Hosp Says Goodbye appeared first on Ethereum World News.

3 days ago

Let's rock the vote! Vote for the ETHOS token to get listed ...

Let's rock the vote! Vote for the ETHOS token to get listed on EtherShift - @ethershiftco. It only takes 2 seconds:…

5 days ago

Altcoins Daily Preview: Litecoin (LTC) Top Performer, adds 23.7 Percent

Latest Litecoin News An Estonian digital exchange is making headlines for good reasons. The company-though based outside the US, allow foreign investors to trade stock derivatives of Facebook, Tesla and eight other NASDAQ listed companies 24 hours a day, seven days a week even when the markets are closed. And what’s more, they don’t need permission from US regulators as they are already a regulated entity in their jurisdiction. In an email interview with Bloomberg, the CEO of DX. Exchange, Daniel Skowronski, said: “We saw a huge market opportunity in tokenizing existing securities. We believe that this is the beginning of the traditional market’s merge with blockchain technology. This is going to open a whole new world of trading securities old and new alike.” Read: Buy The Dip - The One Exchange Token I’d Buy Right Now The token derivatives-like stable coins will be backed 1:1 with real stocks held by MPS Market Place Securities—compliant with Cyprus regulators- and powered by NASDAQ’s class matching engine are based on the Ethereum blockchain. Participants would be entitled to cash dividends of the underlying stocks, trade for free and the platform supports among other coins Litecoin, Bitcoin and Ethereum. What’s more, Dx.Exchange with offices in Israel and Estonia has grand plans of listing stocks listed in Tokyo, NY and Hong Kong stock exchanges. Also Read: Litecoin (LTC), Cardano (ADA) and NEO Highest Takers Perhaps this support is behind the latest resurgence as LTC rise 23.7 percent in the last week flappening Bitcoin SV and Tether from seventh. At spot prices, it is $50 million away from replacing Stellar Lumens as the seventh most valuable coin in the space. Litecoin (LTC) Price Watch By adding 7.2 percent in the last day, LTC is now trading above our main resistance and buy trigger line at $35. This is bullish and from our last altcoin price review, our LTC/USD trade conditions have been met. Notice that propelling this surge is above average volumes—459k against 223k and after hitting rock bottoms in 2018, this revival could be the foundation of a wave of higher highs kick-starting a reversal. In that case, our Litecoin (LTC) trade plan will be as follows: Buy: spot Stop: $30 Target: $50 Stellar Lumens (XLM) Price Watch Obviously, the path of least resistance is southwards. As visible from the daily chart, XLM is literally struggling with sellers. Though recent bounce backs off 8 cents could propel prices above 15 cents, sellers are firmly in control and liquidation off 15 cents could feed the next wave of lower lows in a trend resumption phase. From the chart, our last XLM/USD trade plan is valid and as long as prices consolidate along the 7 cents range with caps at 15 cents, we shall maintain a bullish outlook expecting XLM to recover and rise with the bullish tide visible in the space. To reiterate, breaks above 15 cents will trigger the next wave of higher highs towards 30 cents. Ideally, these gains should be at the back of above average volumes. Assuming there are satisfactory up-thrusts above 40 cents, this will be our Stellar Lumens near term trade plan: Buy: 15 cents Stop: 11 cents—Dec 28 lows Target: 30 cents All charts courtesy of Trading View—Bittrex and CoinBase This is not Investment Advice. Do your own Research. The post Altcoins Daily Preview: Litecoin (LTC) Top Performer, adds 23.7 Percent appeared first on Ethereum World News.

6 days ago

2018 in review: ICOs

2018 has been a fabulous year for the ICOs - twice as many ICOs, thrice the money raised versus 2017... A superficial researcher exploring the early days of cryptocurrency in 2043 could have come to this conclusion based on the statistics. As we know there are: “Lies, damned lies, and statistics”. The crypto market reached its zenith in January, the inertia allowed for a few more months of successful ICO fundraising (note, that the numbers are heavily skewed by EOS and Telegram). In the first six months of the year, $17.5 billion was raised, in the second - $4 billion, so a considerable cooldown. February 6, 2018, Jay Clayton, Chairman of the SEC, testifying in front of the Senate’s Committee on Banking, Housing and Urban Affairs stated: “By and large, the structures of ICOs that I have seen involve the offer and sale of securities and directly implicate the securities registration requirements and other investor protection provisions of our federal securities laws”. The U.S. government hasn’t come out with any specific ICO regulation, it hasn’t been banned it, there is not a single federal law that governs it. Yet, all the carefully measured statements made and the actions taken throughout the year by the SEC, have made it abundantly clear that ICOs, as we knew it, are over. There are three major implications for the market that arise from it: Anyone wishing to offer coins in the ICO to the American citizens needs to comply with the Securities Acts of 1933, 1934 and any other regulation pertaining to the offering of securities. Those who had allowed Americans to participate in their offerings might have to restitute them in full (fiat equivalent). Most of the crypto exchanges are in violation as they have allowed American citizens to trade tokens that will be considered “unregistered securities” and themselves do not have proper licenses to be trading securities. And at the same, there are no liquid exchanges for security tokens. The impact of this reckoning is further multiplied by the predominant position of the USA in the global financial markets and the desire and the ability of its judicial system to exercise its power extraterritorially. This crowdsale was slowly dying caught between the rock and a hard place - collapsing ether price and regulatory pressure. As ether and bitcoin were depreciating, so were most altcoins. The crowdsale was dependent on the crowd investing in one ICO, receiving exponential returns and then reinvesting it into the next ICO. Everyone was feeling rich and wanted to become even richer. But once this cycle was broken, there was no way of fixing it. ICOs turned to crypto funds, hundreds of which popped in late 2017 - early 2018. However, so-called “professional investors”, “smart money” haven’t done a much better job than the crowd. Thus, 2018, instead of becoming the year when this new fundraising model become mainstream, turned out to be the year when many of the inadequacies of this model have come to the surface. It’s not to imply that the ICO is dead for good. It will come back whether in the form of STO or in some other form that we can’t yet envision. Despite all its faults, it introduced unprecedented democratization of the investment process in human history. Predictions for 2019 STOs More stablecoins Tokenization of real assets (real-estate in particular) Return of the crowdsale towards the end of 2019 in some shape or form Possible reinvention of the “utility” token Focus on privacy ecosystems 2018 in Review: ICOs (data: The post 2018 in review: ICOs appeared first on Crypto Insider.

9 days ago

Hacking together a little Star Wars themed Rock, Paper, Scis...

Hacking together a little Star Wars themed Rock, Paper, Scissors game running on the #Raiden mainnet, @lorecirstea…

9 days ago

Thanks @BittrexIntl Team! Rock On! ...

Thanks @BittrexIntl Team! Rock On!

10 days ago

Multicoin Co-Founder Kyle Samani says Bitmain Layoffs Indicate Bearish Future for LTC and BCH

Multicoin Capital co-founder Kyle Samani believes the current wave of staff cuts at Bitmain point toward future bearishness for Litecoin and Bitcoin Cash. Samani tweeted that Bitmain holds nearly 1 million Litecoin and more than 1 million Bitcoin Cash. Samani suggests that the current layoffs indicate that Bitmain is running short on cash will soon have no choice but to liquidate these holdings. Even though both assets are at rock bottom prices compared to their all-time highs, the possibility of a BCH and Litecoin dump could negatively impact investor sentiment and lead to additional volatility within the crypto market. (RS)

18 days ago

Another big win at BitStarz - Jungle Rumble lands player $80,000 prize!

When we say “Dream Big, Win Bigger”, we really mean it. Here at BitStarz, we want to be anything but ordinary, which is why we’re not afraid to payout the big bucks to our players. This year alone our players have won millions in prizes, with big payouts including $45,000, $59,000, $148,000, $206,000, $265,000, and even a whopping $300,000 (19.2 BTC). Joining the ranks of our biggest winners, one player has scooped $80,000 by spinning the reels of Jungle Rumble. There’s a Rumble in the Jungle Jungle Rumble might not be our biggest slot, but it’s sure to become one of our most popular games in the weeks to come. Featuring 5 reels, 25 paylines, and some tantalizing bonus features, Jungle Rumble lets players rock the reels with ease, with there being plenty of cash up for grabs for players to win. One player has taken full advantage of Jungle Rumble and all it has to offer to the tune of $80,000 - talk about a Christmas present to remember. A Year to Remember This latest win proves that 2018 really has been our year, as our players have experienced one amazing ride. More than 1800 games, 10-minute cashouts, 24-hour customer service, and some of the most unique promotions around have all been served up. Trust us when we say that we’re only getting warmed up, with 2019 on the horizon now is the perfect time to join BitStarz. We’re turning up the heat with our Christmas cracker of a welcome bonus, as all new players can get up to 5 BTC in bonuses and 180 free spins. Awards and Rewards Just Keep Coming We take plenty of pride in being a true industry innovator, so don’t expect BitStarz to be “just another online casino.” Market leading is what we’re all about, which is exactly why we’ve been earning critical acclaim all year long. AskGamblers’ named us Best Casino of 2017, while we also earned two nominations for CRM Campaign of the Year and Innovation in Casino at the prestigious EGR Awards. As we keep bringing players the ultimate cryptocurrency casino experience, our players can expect the money to flow and - hopefully - the awards and nominations to keep coming. Will You Be The Next Big BitStarz Winner? Speaking on the recent BitStarz big win, Srdjan Kapor (BitStarz Marketing Manager) said: “This year has been electric for us, as we’ve been making huge strides across the board. Big wins have been at the heart of that, as we’re happy to announce that yet another smashing prize has been paid out. One player has won $80,000 on Jungle Rumble, which is quite the early Christmas present if you ask us.” BitStarz is powering towards to 2019 - will you ring in the New Year as our next big winner? There is only one way to find out! For more information on BitStarz and our action-packed casino platform, please contact Srdjan Kapor at Press contact: Srdjan Kapor Marketing Manager The post Another big win at BitStarz - Jungle Rumble lands player $80,000 prize! appeared first on ZyCrypto.

23 days ago

Bitcoin’s Tech Trends of 2018: What This Year Brought Us (Part 2)

This is the second part of our December cover story. Click here for part 1.Where 2017’s dizzying price highs embedded “hodl” into the public consciousness, 2018 was the year that “buidl" became a trend in the crypto-industry — and Bitcoin was no exception.Anticipated in Bitcoin Magazine’s first cover story of the year, Bitcoin’s technological progress only accelerated in 2018. Improving Bitcoin from around the world, developers and entrepreneurs furthered Segregated Witness adoption, rolled out the Lightning Network, released privacy solutions, realized sidechains and made progress on a Schnorr signature solution — all of which were still around the corner only a year ago.Following up on January’s cover story, 2018’s closing two-parter cover story explores how these five technologies progressed.In part two: privacy, sidechains and Schnorr signatures.Privacy SolutionsTwo of the most promising privacy solutions that were proposed over the past few years — TumbleBit and ZeroLink — were both on the verge of release at the start of this year.The first is TumbleBit, a coin-mixing protocol first proposed in 2016 by an academic research team led by Boston University’s Ethan Heilman. TumbleBit uses a (centralized) mixer to create off-chain payment channels between several participants in a mixing session. Everyone ends up with each others’ coins, breaking the transaction trail for all. Importantly, clever cryptographic tricks ensure that even the tumbler can’t establish a link between the users and their transactions.Excited by this potential, Bitcoin developer Nicolas Dorier and privacy-focused Bitcoin developer Ádám Ficsór (as well as several others) went a long way toward implementing the solution in the two years after it was first proposed. In early 2017, Stratis, the company behind the Stratis platform and token, even hired Ficsór to implement the technology in its Breeze wallet, which also supports bitcoin.However, back in July 2017, Ficsór had come to doubt the real-world potential of TumbleBit. The solution needs a relatively large number of on-chain transactions for each mixing session, potentially making it cumbersome and expensive to use.“I did not and I do not think anyone else ever thought through TumbleBit’s Classic Tumbler’s economics as I did now, in a high Bitcoin fee environment where we are inevitably going towards,” Ficsór wrote in a Medium blog post at the time. “To be completely honest, after I wrote all these down I became pretty disillusioned.”Ficsór and Stratis did complete the project. After years of high anticipation, TumbleBit was finally released in the Breeze Wallet in August of this year. But by then most of the enthusiasm around the project seemed to have waned. Breeze’s TumbleBit stayed off the radar of many, and because of that, usage statistics are presumably low.Instead, much of the effort to realize a more private Bitcoin shifted to the other major privacy solution: ZeroLink. Based on “Chaumian CoinJoin,” first proposed by Bitcoin Core contributor Gregory Maxwell in 2013, ZeroLink is a privacy framework first announced in August 2017 by the same Ádám Ficsór.ZeroLink allows several users to mix their coins in a big transactions that sends coins from all participants in a mixing session to all other participants. It has similar requirements (a central server) and benefits (breaks the trail of transaction) as TumbleBit, but Ficsór believes the trade-offs are preferable, most notably because ZeroLink requires fewer on-chain transactions.To realize ZeroLink, Ficsór set up his own Bitcoin privacy-focused company this year, zkSNACKs, which he first publicly revealed at the Building on Bitcoin conference in Lisbon in July.A rebrand of his initial “Hidden Wallet” project, zkSNACKs’ flagship product is the Wasabi Wallet, a desktop wallet with additional privacy features based on the ZeroLink framework. Besides Chaumian CoinJoin, this, for example, includes compact-client side block filtering: a privacy enhancing solution for light clients that don’t download the entire Bitcoin blockchain.The Wasabi Wallet was officially released on October 31 of this year, on the Bitcoin white paper’s 10th birthday. While still far from mainstream, Wasabi Wallet has already become the go-to privacy option for many of those that care about privacy the most. According to GitHub statistics, the wallet was downloaded thousands of times in the first few months since its release. And, according to the Wasabi Wallet’s website, it has mixed almost two thousand coins already.“Honestly, I've been astonished by the user growth and social media activity. If this keeps up we will finally be able to think about liquidity dependent privacy solutions, for example to allow direct sends through mixing,” Ficsór told Bitcoin Magazine. “Exciting times.”The ZeroLink framework is being adopted as a standard by other wallets as well. The new (and so far relatively unknown) Bob Wallet announced in March that it is developing a

25 days ago

An activist crypto hedge fund launched today, and it’s backed by Digital Currency Group and Peter Thiel

Carl Icahn. Bill Ackman. Dan Loeb. These investors are some of the best known in the hedge fund industry for being so-called activist investors, stock-traders who not only make a bet on the direction of a company but actively use their shareholder power to influence company management. Now, crypto has an activist investor of its own: Alexander Liegl. Liegl doesn’t have the same pedigree as the aforementioned rock stars, but he has high hopes for his new fund, Layer1, which will make investments in key crypto projects and then build out supporting infrastructures for those investments. It is a bold move given the market backdrops and comes at a point when many funds are abandoning the old buy and hold investing model. Still, the firm’s model is unique, says Liegl. “The angle is we take very concentrated bets on blockchain protocols that we are interested in,” he said. “And then we build the tech around them and accumulate exposure by buying it and mining it and then we have a very hands-on approach to actively shape the investment we hold.” In a sense, he says, the firm is hybrid of investing firm Polychain and Blockstream, a firm which aims to build the infrastructure for bitcoin. To be sure, Layer1 isn’t moving into projects to quickly make changed to raise the value and the dump the project. They are operating on multi-year investment horizons, Liegl said. “We know this takes time. It takes time for the engineering processes to get priced in. This isn’t a pump and dump. We are going to be constructivist.” The firm’s model has attracted big-ticket investors, including tech billionaire Peter Thiel, who joined Digital Currency Group in backing the firm in the closing of its $2.1 million seed round. “We believe there is huge potential for a hands-on, mission-driven investor to take a concentrated position in a single cryptocurrency, and then dedicate talent and resources to significantly accelerate its development,” wrote Travis Scher, VP Investments at Digital Currency Group. “Alex and his team are extremely talented and we are excited to support them.” The post An activist crypto hedge fund launched today, and it’s backed by Digital Currency Group and Peter Thiel appeared first on The Block.

25 days ago

An activist crypto hedge fund launched today, and its got backing from Digital Currency Group and Peter Thiel

Carl Ichan. Bill Ackman. Dan Loeb. These investors are some of the best known in the hedge fund industry for being so-called activist investors, stock-traders who not only make a better on the direction of a company but actively use their shareholder power to influence company management. Now, crypto has an activist investor of its own: Alexander Liegl. Liegl doesn’t have the same pedigree as the aforementioned rock stars, but he has high hopes for his new fund, Layer1, which will make investments in key crypto projects and then build out supporting infrastructures for those investments. It is a bold move given the market backdrops, and comes at a point when many funds are abandoning the old buy and old investing model. Still, the firm’s model is unique, says Liegl. “The angle is we take very concentrated bets on blockchain protocols that we are interested in,” he said. “And then we build the tech around them and accumulate exposure by buying it and mining it and then we have a very hands on approach to actively shape the investment we hold.” In a sense, he says, the firm is hybrid of investing firm Polychain and Blockchain, a firm which aims to build the infrastructure for bitcoin. To be sure, Layer1 isn’t moving into projects to quickly make changed to raise the value and the dump the project. They are operating on multi-year investment horizons, Liegl said. “We know this takes time. It takes time for the engineering processes to get priced in. This isn’t a pump and dump. We are going to be constructivist.” The firm’s model has attracted big ticket investors, including tech billionaire Peter Thiel, who joined Digital Currency Group in backing the firm in the closing of its $2.1 million seed round. “We believe there is huge potential for a hands-on, mission-driven investor to take a concentrated position in a single cryptocurrency, and then dedicate talent and resources to significantly accelerate its development,” wrote Travis Scher, VP Investments at Digital Currency Group. “Alex and his team are extremely talented and we are excited to support them.” The post An activist crypto hedge fund launched today, and its got backing from Digital Currency Group and Peter Thiel appeared first on The Block.

25 days ago

Another Day Another New Low For Crypto Markets

FOMO Moments Crypto markets dump to new lows again; Bitcoin Cash, SV, nearly dead, Litecoin surviving. As predicted yesterday crypto markets have dumped to a new low during intraday trading. A minor recovery during the week could not be sustained and total market capitalization has fallen to a new low of $101 billion a few hours ago. Bitcoin led the drop when it fell through support at $3,400 a couple of days ago and kept going back down to a new 2018 low of $3,205 at 22.00 UTC. A quick bounce took it back to $3,250 but Bitcoin is still at its cheapest price for 16 months. Needless to say Ethereum has also been smashed dropping to a low of $83 before recovering back to a very weak $85. The rest of the altcoins are all in pain during Asian trading today. The top ten is a sea of red and as usual the Bitcoin Cash twins are getting hammered with BCH dumping 10% and BSV 12%. EOS and Litecoin have stopped falling at the time of writing but the rest are down a couple of percent. The top twenty is all in the red also with Monero and Nem getting hit the hardest dropping around 7% each. The rest are down 2-4 percent since yesterday and are at rock bottom prices for the year. There are only two altcoins getting a fomo pump at the moment, Waves and Revain are up about 10% right now. Syscoin has entered the top one hundred with a big pump today but it is likely to do the exact opposite tomorrow. DEX is getting smashed at the other end of the table with a 40% dump on the day. MobileGo is also having a bad day with a 20% drop. Total market capitalization is down another 3% on the day and is currently around $103 billion. A new 2018 low was made a few hours ago of $101 billion and as things stand market cap will be double digits very soon. Over 9% has been lost from crypto markets since last weekend and almost 45% since the same time last month. The selloff does not seem to be abating and things are not even stabilizing at a bottom - down is the only direction for cryptocurrencies at the moment. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Another Day Another New Low For Crypto Markets appeared first on NewsBTC.

a month ago

Kraken Cryptocurrency Exchange is Crowdfunding at a $4 Billion Valuation

The contents of a recent email sent to select “valued clients” of Kraken cryptocurrency exchange reveal that the company is crowdsourcing a fundraising round at a valuation of $4 billion. According to the email, the company is looking to build a “war chest” that will fund an ambitious plan to take advantage of the rock bottom cryptocurrency prices that are the result of a year-long bear market. Kraken CEO Jesse Powell said that the fundraising round represents a “limited time opportunity” to purchase Kraken shares. Share pricing begins at $100,000 and the funding round will bring Kraken’s total valuation to $4 billion. (RS)

a month ago

My take on OmiseGO, expectations vs reality, expectation management, developmental status and short/midterm future analysis and concerns.

Some might know me, as I’ve been around since the beginning shortly after ICO. I was very excited, to the point of shilling it to friends, family, on reddit and twitter. Defending this team, project and community. I tried educating people, correcting FUD and actively engaging in discussions. I am not posting this for sympathy, upvotes or whatsoever. I want everyone to know what has been said, how it’s been said, when it’s been said and compare that with what we have right now. If I posted anything wrong, correct me and I’ll stand corrected. I also believe there are things going on that need attention, for the sake of the future of this project. English is not my native language so I'm trying to keep this post as readable as possible :) The way this project was announced made me feel like this project was different from any other crypto. Had major backers in the likes of Vitalik, Poon. Aims to provide a solution to real world problems, can drastically change lives. This token is supposed to be a utility token, that will eventually ‘earn’ you fees. This way the token will have an intrinsic value, in contrast to many tokens out there. It all felt like a no brainer buying in, especially compared to other tokens/currencies out there. ------------------------------ The last few months were absolutely brutal. Times like these also make you critically assess your ‘investments’ and evaluate where we stand and where we are heading. Ofcourse, bear markets can clog your mind and reasoning abilities possibly even more so than in bull markets. I can safely say I am not immune to these drastic market movements, but even though I have invested a lot of money, it is money I can afford to lose. Which doesn’t mean I should be okay with it. I have been seriously emotionally attached to this investment because I want it to succeed so bad. I care about the project and I appreciate the people working on it. A slur of death threats and extremely offensive, racist remarks is not something the team deserves and I’d like to distance myself from people like this empathically. **We can all come to the conclusion OmiseGO is far from succeeding in their goals laid out in their whitepaper, crowdsale docs and public communications, and I believe now is the time to evaluate and look back all the way to the moment OMG was announced on the 17th of February, 2017 (close to 22 months ago) and announcements, developments plus comms by the team along the way.** ------------------ I will start at the beginning and use tweets from the official OmiseGO twitter account. ####**February 2017** . Announcement of OMG. Notice how this tweet already contains Q4 2017, which immediately provides a sense of ‘this is all around the corner, all we need is a token sale done in Q2’17. The first few public communications by the OMG team were tweets about tendermint, for example this retweet by the OMG team: . PoS research so advanced already! Then there is this retweet of an article containing an interview with Thomas Greco (who’s role has mysteriously diminished) from the 20th of February 2017. Interesting little outtake from this article: > “Wendell Davis, product development lead, Omise, said: "If you are going to launch a mobile money platform you need people to accept it. You need merchants etc. The justification for Omise doing a project like this is we have already done that type of business development with 3,000-plus major merchants from the likes of airlines to large corporate holding companies that have restaurants and things like that. That business is already done; those relationships already exist. > Regarding the token sale and the initial role of token holders, he added: "We want there to be a variety of stakeholders and we want those stakeholders to have access initially to what we are calling our fee revenue. Basically while we are operating this network of wallets - whether on behalf of this company or that company - we are taking small fees. To begin with OMG token holders will be able to claim a percentage of fee revenue so that they can participate in this.” Notice how it suggests the token is going to have utility ‘initially’. ####**May 2017** On the 3rd of May 2017 we have a tweet with Vitalik and Poon sitting at the table with OMG Shortly after that there’s an ethereum meetup with Poon and Thomas Greco and just a week later we have the actual OMG whitepaper written by Joseph Poon . The first question that comes to mind is where is Joseph Poon? Since writing the

a month ago

Blockchain to Make Ohio State “Silicon Valley of Crypto”

Ohio, a U.S state, has plans to claim more fame again. After giving the world the Wright Brothers, and John Glen, Rock & Roll of fame, the state now wants to be “Silicon Valley of Cryptocurrency.” Ohio is positive that blockchain technology and cryptocurrency will strengthen its economy to better Standards. Reportedly, blockchain and crypto recently teamed-up in innovation, investments, education, and public policy. According to a report, Ohio might soon be changing its official nickname “Buckeye State” to “The BTC State” (VK)

a month ago

Bitcoin [BTC/USD] Technical Analysis: Investor sentiment drops as market bleeds red

The volatility in the cryptocurrency market prevails with most of the control remaining with the bear as of now. BTC is currently down by a mere 0.21%. At press time, the token was trading at $3,996 with a market cap of $69.5 billion. The total 24-hour volume was recorded at $5.4 billion. 1-hour BTCUSD 1-hour candlesticks | Source: tradingview The one-hour timeline of BTC shows a steep downtrend from $4,158 to $3,975. Moreover, there are two supports that have kept the price from hitting rock bottom, i.e., $3,933 and $3,777. At present, a trend breakout is not expected as the prices are yet to reach concentration. The Bollinger Bands are not depicting an increased volatility in the market but are still predicting a continued high volatility for BTC. The RSI is bullish on the cryptocurrency as the reading line tends to travel north. However, this stance cannot be confirmed as the indicator has turned its head to follow a downward path. The MACD made a bullish crossover as well and is fairly positive on Bitcoin. Unlike RSI, MACD is confident with its bullish prediction as the reading line approaches upward. 1-day BTCUSD 1-day candlesticks | Source: tradingview In the one-day scenario of the Bitcoin candlesticks, there are two major downtrends since July, one from $8,388 to $6,494 and the other from $6,251 to $4,106. Meanwhile, the support is set at $3,716. Furthermore, the latter downtrend is forming a descending triangle with the support line to depict a strong bearish market for the cryptocurrency. A trend breakout may be upcoming as the concentration in the price increases. The Aroon Indicator is showing a weakened uptrend, although the downtrend is also weakening after showing much strength in an earlier scenario. The indicator is currently bearish on the BTC market. The Awesome Oscillator is also bearish on the coins as the bar is red. The Chaikin Money Flow is in the bear-zone but plans to move up and ahead as indicated by the reading line. The indicator has not confirmed its bearish stance as it has taken an upward approach. Conclusion In the technical analysis, while the short-term indicators are bullish on the token, the one-day indicators seem to disapprove. The Bollinger Bands are also indicative of some volatility in the market. Hence, it is concluded that BTC might not be out of the bear-zone yet, but might see glimpses of green every now and then. The post Bitcoin [BTC/USD] Technical Analysis: Investor sentiment drops as market bleeds red appeared first on AMBCrypto.

a month ago

Mike Novogratz Expects Crypto Market Turnaround, Adoption in 2019

Frankly, it would be fair to say that bears have brutalized the crypto market and its constituents in 2018, throwing Bitcoin and its altcoin brethren off metaphorical cliffs. However, in spite of the widespread carnage, some innovators remain tunnel-visioned, focused on bolstering the nascent crypto and blockchain ecosystem with no holds barred. Regulatory Fears Remain, but Galaxy Digital Bets on “Big Adaptation” Speaking on a conference call Friday, presumably to address his firm’s dismal financial report, Mike Novogratz, Galaxy Digital CEO, did his utmost best to maintain an upbeat tone. As noted by Bloomberg, who received a transcript of the call, Novogratz, a former traditionalist banker-turned-Bitcoin fanatic, couldn’t avoid talk of the bear market, explaining that this year has been “horrible” for tokens. The cryptocurrency advocate added that “there’s plenty of reasons to be depressed,” failing to adequately sugar coat the downturn in cryptocurrency values and the retail interest dry spell. Touching on the proposed catalysts behind the sell-off, which left Galaxy Digital high and dry with $76 million in Q3 losses, Novogratz pointed to the U.S. Securities and Exchange Commission’s (SEC’s) renewed crackdown on inital coin offerings (ICOs) and fraudulent crypto-centric startups. While also discussing his firm’s financial condition, he elaborated: “And not just was [the SEC] tough on them — [but] they mentioned personal investors can go for reparations in most cases. And people got very nervous... We [at Galaxy Digital,] found that getting the right regulatory structure was just harder than we thought it would be.” The zealous pundit is likely referencing the SEC’s recent case involving AirFox and ParagonCoin, two lesser-known, yet successful ICO-funded projects that were charged for touting digital securities without proper credentials. Still, Novogratz’s bullish long-term outlook on cryptocurrencies remained steadfast, claiming that he expects a fundamental shift in the utilization of blockchain technologies during 2019 and 2020. More specifically, the former Goldman Sachs partner drew attention to blockchain-based items, such as e-gaming collectibles, that could single-handedly catalyze the adoption of this literally game-changing innovation. Putting his money where his mouth is, so to speak, Novogratz added that Galaxy Digital, a Toronto-listed, crypto-centric merchant bank, is “making big investments in that area” specifically. Novogratz: Institutions to Buy Crypto, Bitcoin En-Masse in Q2 2019 Echoing forecasts issued by other industry insiders, in the aforementioned conference call, the forward-thinker stated outright that Bitcoin will likely undergo a monumental rebound in Q2 2019, subsequently backing his essential dice throw with prospective bullish factors. The Galaxy chief explained that now that the participants of 2017’s retail mania have capitulated, this market is stuck between a rock and a hard place, and is awaiting the arrival of institutional participants. Although this statement was nebulous in and of itself, Novogratz added that such adoption could arrive by April, following the launch of Bakkt’s physically-backed Bitcoin futures and Fidelity’s custody and trade-execution products. Related Reading: Why Are Novogratz, Fidelity, and Bakkt Banking on Institutional Crypto Investors? These recent claims are essentially a reiteration of his incessant statements regarding the “institutional herd” and the “FOMO” that said group will inevitably experience. Per previous reports from NewsBTC, in early-November, Novogratz told Financial News that “institutional FOMO” will catapult Bitcoin above $10,000, before a likely retesting of the asset’s all-time highs backed by the deep pockets of institutions. And with that in mind, it should come as no surprise that Novogratz unequivocally sees a bright future for this industry, which has been battered and bruised since January 2018. Bitcoin, for one, was called dead for the 327th time just last Thursday, by none other than a foreboding Bloomberg video. But if what Novogratz touts comes to pass, mainstream media outlets and the out-of-touch will find no reason to bash crypto assets any further. Featured image from Shutterstock. The post Mike Novogratz Expects Crypto Market Turnaround, Adoption in 2019 appeared first on NewsBTC.

a month ago

Even with the Market Crash, Crypto Holders Are Still Giving

There hasn’t been much good news lately with prices on a downward spiral. Even with an overnight surge, no one knows for sure if crypto has hit rock bottom yet. So it may come as a surprise that even when crypto HODLers are bleeding wealth, they’re still in a giving mood. According to a survey

2 months ago

Are Institutional Investors Accumulating Crypto as the Market Declines?

November witnessed one of the worst Bitcoin sell-offs in years and the price of BTC dropped 35 percent in one week. Government enforcement defense and securities litigation attorney Jake Chervinsky believes that institutional investors are accumulating Bitcoin while retail traders are selling their holdings at rock bottom prices. Other analysts have countered this assumption by saying that Bitcoin price should have risen if institutions were accumulating but Chervinsky says that institutional investors are incredibly cautious and accumulate new assets in a way that has minimal impact on the short-term price. Chervinsky also said that high-level investors do not take naked long positions on cryptocurrencies and he explained that “when they buy spot, they simultaneously hedge in other markets to reduce risk.” (RS)

2 months ago

‘Fidelity, Bakkt and an ETF Approval will Drive Bitcoin’s Price to $15k in 2019’: Bitpay’s Sonny Singh

BitPay a Bitcoin payment processing company had been in the news for some time due to their addition of stablecoins among the payment options for merchants. However, the negative volatility in the crypto market has made most cryptocurrencies to tumble and to trade below their previous year high values. This has made some cryptocurrency investors, influencers, analyst and researchers to change their position on forecasts about some coins like Bitcoin. In a recently published interview, Tom Lee of Fundstrat reaffirmed his position of $15,000 by year end for Bitcoin Joining Tom Lee to maintain his position on Bitcoin price prediction is the chief commercial officer (CCO) of Bitpay Sonny Singh. Sonny Singh had said previously that Bitcoin could get to its all-time high of $20,000 by next year and could not get below $15,000 by the end of next year. This he reaffirmed in an interview with Bloomberg Technology. Singh said: “Next year will see new players and miners emerge in the industry. We will not see any rapid shift but by the end of Q1 or Q2, Bitcoin will emerge as a viable commodity. Bitcoin has become mainstream adoption around the world, it has got a great brand reputation.” Just like Tom Lee said that institutional investments will be a major drive in attaining his prediction of Bitcoin value, Sonny Singh said that the awaiting Launch of Bakkt by Intercontinental Exchange (ICE) by Jan 2019, the arrival of Fidelity into the crypto market and the expected approval of Goldman Sachs and Black rock ETFs could drive Bitcoin to a “new direction.” Although the CEO of JPMorgan Jamie Dimon had called Bitcoin a “fraud” in a statement in 2017, Sonny believes that going by the role of big financial bodies in the crypto market presently and the attraction of other institutional investors, that JPMorgan could still retrace its stand and invest in the Crypto market. Singh had to inform that irrespective of the downtrend in the crypto market, that Bitcoin with the highest market capitalization still maintains more than 50% dominance in the entire market. On ICOs Current stance since the decline, Sonny Singh said that: “The ICO market is pretty much dead right now. None of them are going to survive unless Bitcoin survives first” Singh continued that the ICOs market needs Bitcoin to succeed going by the regulation challenge they face with US SEC. He concluded that his prediction depends on Bitcoin ETF approval “because as for the adoption of bitcoin, he said that, “They move very slow because nothing moves fast in FinTech.” The post ‘Fidelity, Bakkt and an ETF Approval will Drive Bitcoin’s Price to $15k in 2019’: Bitpay’s Sonny Singh appeared first on ZyCrypto.

2 months ago

Gibraltar Blockchain Exchange to Shift to New STACS Token

The Gibraltar Blockchain Exchange (GBX) has announced that it would be shifting from the ROCK (RKT) token, which the firm used to raise funds during its ICO at the beginning of the year, and move to the STACS token. The STACS token is the new utility token of the GBX Group created by its technology subsidiary dubbed Hashstacs Inc. It has the same utility features as RTK thus users would pay sponsor fees, listing fees, and trading fees in STACS token. Additionally, its holders would enjoy all the current membership aspects of RKT in the same way. (KE)

2 months ago

Gibraltar Blockchain Exchange phasing in new STACS token

CryptoNinjas The Gibraltar Blockchain Exchange announced it will be officially moving from the ROCK (RKT) token, used to raise funds during its ICO at the beginning of the year, and will transition to the STACS... Gibraltar Blockchain Exchange phasing in new STACS token

2 months ago

CCO of Bitpay Claims Bitcoin Can Reach $20,000 In 2019, With The Right Catalysts

With negativity in the air for Cryptocurrency markets,a lot of investors are pessimist right now about the future of Bitcoin and cryptocurrencies. But, this is not the case of Sonny Singh, the Chief Commercial Officer (CCO) of Bitpay, which has explained why Cryptocurrencies have a great future ahead. BitPay is a global Bitcoin payment service provider which is headquartered in Atlanta, United States. It was founded at the beginning of the Bitcoin revolution in 2011, and so is well appreciated amongst the Cryptocurrency community. The driving force according to Sonny Singh is the part institutional investors will drive the Cryptocurrency market. From Bakkt being launched in January 2019, to Fidelity getting into the Cryptocurrency action and ETF’s of Goldman Sachs and Black Rock to help Bitcoin in its road ahead. Sonny Singh explained that the emergence of institutional players would take effect from Q1 or Q2 of 2019. He believes that Fidelity, Bakkt and other companies like this help Bitcoin see a rise in price. He claims that the rise in price will depend on the usability of the product build within the industry and that it may take time for good ones to be build - as nothing is build easy & fast on Fintech. Singh even predicts much larger financial institutions such as JPMorgan that have been anti Cryptocurrency could change their minds about it once institutional investors are in the space. He even disagreed with Dimon’s 2017 opinion about Bitcoin, claiming that: “So, I completely disagree with him on the front comment. Price can go up and down and obviously anything that go up that fast will obviously come down so he’s right about that. But the ‘fraud’, I completely disagree” Comparing Bitcoin with the several cryptocurrencies, he claimed that Bitcoin is the ‘800 pound gorilla’ that has the ‘mass network effect’. As for the other ones, he don’t know what will happen to them. Asked about the price, he sees Bitcoin between $15,000 - $20,000 with the condition of Bakkt, Fidelity and other similar businesses to work properly. Zerocrypted Opinion According to Bitcoin Obituaries, Bitcoin has died 318 times, and so the fall of Bitcoin is not that surprising to people who have been in the space. At the time of writing Bitcoin is at $4516.74 and looks to be stabilized at the $4500 mark. However, it is no doubt that 2019 will be a deciding year for Bitcoin and the Cryptocurrency market. 2017 as a whole saw a gradual rise followed by a great December thanks to Bitcoin Futures entering into the market. In 2018, the pace has been slow, and much of the awaited products like BTC ETF’s have all got delayed or cancelled in the year. Expect Bitcoin to be a favorite topic to be discussed in the Thanksgiving table, given the interest building in the Cryptocurrency markets. Image Source - Bloomberg The post CCO of Bitpay Claims Bitcoin Can Reach $20,000 In 2019, With The Right Catalysts appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

2 months ago

No Bottom Until BTC Price Reaches $3,000, Trader Predicts

Despite losing over 30 percent in 10 days, Bitcoin (BTC) price hasn’t hit rock bottom yet, according to chief cryptocurrency trader. The entire market has seen nearly $700 billion wiped off the sheets. No Bottom Yet Speaking to CNBC’s Squawk on the Street on Friday, chief trader of Genesis Trading & Genesis Capital Trading Michael Moro, noted that Bitcoin has yet to reach its bottom. He believes that the cryptocurrency won’t bottom out until it hits $3,000 because the levels of resistance along the way are small: You really won’t find [the floor] until you kind of hit the 3K-flat level. It’s really difficult. There are small levels of resistance. We’ve seen the 4,000 level get tested twice now in the last couple of days, but I really don’t think there’s too much in the mid-3s. At the same time, though, Moro is confident that long-term and institutional investors shouldn’t really be phased about the declining price as this is one of the few serious dropdowns in Bitcoin’s history. This is about the fifth or sixth 75 percent-plus drawdown that we’ve seen in the 10-year history of bitcoin. And so if you have that [long-term] lens, I don’t believe institutional investors really ultimately care where the price of bitcoin ends in 2018 simply because they’re looking at things three to five years out. - He said. Tough Year Indeed The overall cryptocurrency market cap is currently sitting at around $140 billion, which is roughly around $660 billion down since its all-time high value. The market’s forerunner, Bitcoin, has seen sharp declines over the past 10 days, as it trades at $4,317.07 at the time of writing this according to data from CoinMarketCap. Much has happened in the world of cryptocurrencies but the steep decline of late is mostly associated with the raging war on the Bitcoin Cash front. Industry experts hold that’s part of the reasons for the struggling market as both sides of the clash are dumping a lot of cryptocurrencies on the market for fiat in order to support their mining-at-loss operations. What do you think of the state of the cryptocurrency market of late? Don’t hesitate to let us know in the comments below! Images courtesy of ShutterStock The post No Bottom Until BTC Price Reaches $3,000, Trader Predicts appeared first on Live Bitcoin News.

2 months ago

Tron is Getting Stronger as it Closes on USD 2 Million Transactions Per Day

Tron, as a project, is taking giant strides every day as it inches closer to Ethereum challenging its position and supremacy in the cryptoshpere. In a recent tweet, Justin Sun, the founder of the project, announced that Tron has broken another record as it inched towards 2 million transactions per day. Justin’s Tron just getting better as it prepares to take over Ethereum According to the latest Tweet put forward by Justin Sun, Tron scaled a new record-breaking height as it recorded 1,841,055 transactions per day inching, closer to USD 2 million transactions a day. According to Sun’s tweet, it’s only a matter of time Tron will scale the USD 2million transactions per day creating a new milestone for itself. New record 1,841,055 Txs per day! Will break 2 million very soon! #TRON #TRX $TRX — Justin Sun (@justinsuntron) November 24, 2018 According to the picture that forms part of the tweet, Tron currently has 1911 online nodes and has reached a block height of 1424121. It also shows that the MainNet has been able to achieve a Maximum of 748 transactions per second which incredible for a relatively nascent ManiNet. At this speed, in no time Tron would take over Ethereum And it’s not just the Tron MainNet that growing in performance, its Dapp’s are also changing the game for Tron to take over Ethereum In October, Tron’s dApp, TRONbet made more than half a million individual transactions which were far greater than Ethereum’s daily transaction volume. This suggests that the TRON dApps perform better than Ethereum dApp IDEX. The daily active users on TRONbet are around 1,923 when Ethereum IDEZ has just under 950. Even though TRON has less decentralized apps, the increase in the number of transaction makes it outperform Ethereum. In September, Justin Sun had taken a dig at Ethereum misery as it had asked Dapps to use Tron over Ethereum as it was 100 times faster than Ethereum and was fully compatible with Ethereum. Yes! Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience! #TRX $TRX — Justin Sun (@justinsuntron) September 24, 2018 This was in reply to Afri Schoedon, a developer based in Berlin, Germany who claims himself to be a blockchain minimalist tweeted asking D App developers to stop using Ethereum to deploy their D-apps as it is running out of capacity. Please stop deploying d-apps to Ethereum. We are running at capacity. — Afri (@5chdn) September 20, 2018 Well Tron looks rock solid in front of Ethereum misery and it looks like Justin Sun will have the last laugh in ann epic contest between Sun’s Tron and Buterin’ Ethereum Who will be the ultimate winner of this fight: will it be the patient but deadly Justin Sun or will it be the beyond aggressive Vitalik Buterin? Do let us know your views on the same. The post Tron is Getting Stronger as it Closes on USD 2 Million Transactions Per Day appeared first on Coingape.

2 months ago

Gibraltar's Regulator Grants Full License to the Gibraltar Blockchain Exchange

The Gibraltar Blockchain Exchange (GBX) has been granted a license from the Gibraltar Financial Services Commission (GFSC) required to operate a regulated blockchain exchange.The exchange was granted the Distributed Ledger Technology License Category 3, which represents the "highest category that can be awarded" within the DLT regulatory framework by the GFSC.“Securing authorization as a DLT provider here in Gibraltar is affirmation of our tireless efforts to position the GBX among the premiere Digital Asset Exchanges globally. Today’s announcement renews our ambition to create a world leading, institutional-grade token sale platform and Digital Asset Exchange,” Nick Cowan, CEO of the GBX, said in a statement.Cowan went on to explain that the exchange's goal from the beginning was to build a regulated exchange with "effective risk-based controls." While the road was long and difficult, the endorsement from Gibraltar's financial regulator is testament to the exchange's long held position and "evidence of the hard work" that brought them far.Speaking of how far they have come, it took the exchange roughly 180 days to attain the coveted license from the commission. There was a series of communications with the regulator followed by an initial risk assessment of their application. GBX was then required to make a presentation to the GFSC, detailing its business plan and how the exchange plans to abide by the Commission's Distributed Ledger Technology Regulatory Framework.The Gibraltar Blockchain Exchange, which runs an initial coin offering marketplace, is a subsidiary of the Gibraltar Stock Exchange Group (GSX Group). It was launched in 2017 by the GSX Group through an initial coin offering (ICO).GBX also offers crypto trading, which it opened to the public in July 2018. Dubbed the GBX Digital Asset Exchange, the platform allows investors to trade in bitcoin, ether, bitcoin cash, ethereum classic and the exchange's native token the Rock Token (RKT). Similar to how Binance Coin works, GBX traders can also use the RKT Coin to pay for trading, listing and sponsor fees on the platform.The platform also offers fiat to token trading for its customers, particularly with USD pairs, but there are plans to widen the net to accommodate other fiat currencies on the exchange as well as a list of other trading pairs.“Gibraltar has found the right blend of sensible and supportive regulation, which has helped position the jurisdiction as a lodestar for the global cryptocurrency space, while allowing blockchain companies to flourish. Crucially, here in Gibraltar there has been a realization that the pursuit of innovation should never come at the expense of sustainability and long-term development. I look forward to seeing this trend continue in the months and years ahead,” Cowan concluded. This article originally appeared on Bitcoin Magazine.

2 months ago

Bitcoin Cash (BCH) Losses 7.26% After Hard Fork

Two days ago, the bearish market made an intense landing on all cryptocurrencies, today the market is looking slightly buoyant, although not enough to keep some tokens afloat. Bitcoin Cash happens to fall into this unfortunate category. Shortly after the hard fork which took place in the last few hours, the token has dropped by 7.26% today. The decline in trading price can be linked to the halt in both withdrawals and deposits of BCH due to the fork, however, prior to the fork, the token was impressively crawling up from the $500 mark to break resistance levels at $550 to $600. On the 15th of November, the token opened up at $511.63 and moved slightly upwards to hit a trading price of $525.27, just as soon as it bounced up, it fell back to 421.20 and closed up slightly higher at $439.31. BCH was certain to continue its bullish run that would’ve pulled the token to as high as $600, this was evident in the consistency in its trading price for the past six days when the token stabilized at a $500 level. In fact, on the 7th and 8th of November, the token was trading at $616 to $630 with a daily all-time high of $619 to $638 respectively. Before Bitcoin Cash was hard forked, trading volume was around $979.24 million, as of this writing, the token is trading at a volume of $746.92 million with a trading price of $407.10. One cannot help but question the future of Bitcoin Cash, especially considering that it’s hard fork was birthed out of a feud that may have contributed to the intensity of the bearish market. Some traders are already suggesting that the hard fork would lead to a downfall of the token, as such, some are interpreting the decline as a rock bottom movement. Binance’s infant token BNB has also dropped by 0.04% even after its listing on the Ugandan fiat-crypto branch. Although Ugandans warmly received Bitcoin and Ethereum upon its listing, Ugandan traders are yet to show any form of pronounced interest in BNB. The post Bitcoin Cash (BCH) Losses 7.26% After Hard Fork appeared first on ZyCrypto.

2 months ago

Ethereum [ETH/USD] Technical Analysis: Bearish trends to witness a reversal?

The cryptocurrency market is in hibernation mode as the cold wrath of bear goes unleashed. At the time of writing, ETH was up by a mere 0.22%, trading at $177.5 with a market cap of $18.32 billion. The 24-hour trading volume is recorded at $2.45 billion. 1-hour: ETHUSD 1-hour candlesticks | Source: tradingview In this scenario of the ETH candlesticks, the downward trendline stretches from $203.9 to $176.9. A major support breach also occurred during the collective bearish downturn of the market, wherein the current support is set very low, at $165.2. The Parabolic SAR appears to be bullish on the Ether price trend. The dots are providing support to the candlesticks by aligning themselves below the candles. The Awesome Oscillator has turned red as of now. The indicator is bearish on the market, contrary to the above prediction. The Chaikin Money Flow has adopted a neutral approach towards the price speculation, as the reading line continues to travel in a horizontal fashion. 1-day: ETHUSD 1-day candlesticks | Source: tradingview In the 1-day time frame, the downtrend extends from $465.5 to $209.1 wherein the candlesticks have broken multiple supports. The earlier support set at $182 was breached by the current support that is fixed at $177. This shows that Ether has been dunking further below with the onset of the bearish crypto-market. The Bollinger Bands are widening the gap to welcome an increased volatility in the market. Greater price fluctuations can be expected in the ETH price. The Klinger Oscillator made a bearish crossover by the signal line to project downward price trend. However, the indicator is now approaching upwards to indicate hope for a better future. The RSI has dunked to hit the rock bottom. The indicator is currently traveling in the oversold zone, which is a bullish sign as trend reversal can be predicted. Conclusion: In this technical analysis, it can be observed that a trend reversal is evident by the nature of multiple indicators. The market is also expected to be highly volatile during this price run. The post Ethereum [ETH/USD] Technical Analysis: Bearish trends to witness a reversal? appeared first on AMBCrypto.

2 months ago

Without SWIFT, Iran turns to crypto

On November 5th, the United States put into effect the harshest round of sanctions on Iran to date, scaling back Tehran’s ability to do business with foreign entities significantly. As a result of these sanctions, and mounting pressure from the U.S., Society for Worldwide Interbank Financial Telecommunication (SWIFT), the international payments facilitator, has cut off services to the country’s Central Bank. Though SWIFT is a Belgium-based company, some of its biggest clients are in the United States, making it exceedingly difficult not to take American threats seriously. U.S. Treasury Secretary Steven Mnuchin explained that SWIFT’s move was “the right decision to protect the integrity of the international financial system.” The sanctions, which were part two of the U.S. campaign stemming from the withdrawal from Joint Comprehensive Plan of Action (JCPOA), have been met with criticism from other world powers. China and Russia, for their part, have stated that they will continue to do business with Tehran, buying and selling goods in euros instead of dollars. European countries, however, are largely reliant on SWIFT, and without it, lack a sustainable means to make or receive payments from Iran. Leading up to the latest round of sanctions, however, both the European Union and Iran had proposed two wildly different solutions to this conundrum. A New SWIFT Germany has been the most vocal about the new sanctions, with Heiko Maas, German foreign minister saying: “Europe should not allow the US to act over our heads and at our expense. For that reason it’s essential that we strengthen European autonomy by establishing payment channels that are independent of the US, creating a European Monetary Fund and building up an independent Swift system.” France’s Finance Minister, Bruno Le Maire, joined the call to action, stating: “With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid being the collateral victims of U.S. extra-territorial sanctions, adding “I want Europe to be a sovereign continent not a vassal, and that means having totally independent financing instruments that do not today exist.” Though little progress has been made towards a SWIFT alternative, it’s clear that the European Union is getting fed up with U.S. overreach in the geopolitical space and getting more aggressive in its plans to move away from the U.S. dollar and U.S. controlled payment instruments. Germany is also facing off against the U.S. over Russian plans to build a new natural gas pipeline, which the U.S. has repeatedly threatened to sanction, suggesting instead that the EU purchase more expensive LNG from American sources. Iran Turns To Crypto On the other side of the table, Iran is scrambling for its own solutions. Despite its harsh stance against bitcoin and other cryptocurrencies in the past, Tehran has announced that it will be moving forward with plans to create its own state-sponsored cryptocurrency, much like Venezuela’s el petro. The Informatics Services Corporation (ISC) has already developed the country’s new rial-backed currency, however hurdles still remain. Due to the complexity of the endeavor, the still-unnamed digital rial requires the approval from the country’s Central Bank. Seyyed Abotaleb Najafi , CEO of the ISC explained: “In order to realize renovation and create new infrastructure in our banking system, banks’ back end processes which is still in paper and traditional way should be changed and evolved.” Conclusion The value of the Iranian rial has already plummeted, along with its crude oil production, leaving both the citizens of the country and buyers of Iranian crude caught between a rock and a hard place. The need for a solution is palpable and it’s becoming increasingly clear that the U.S. is unwilling to back down from its sanctions ploy. While the EU scrambles to figure out its own solutions on the matter, Iran is rushing to complete and approve its state-sponsored cryptocurrency, which still requires a willingness from other parties to accept. Iran risks running into the same problems as Venezuela’s el petro in this regard. President Maduro’s coin has yet to have any real impact on global trade, and due to its numerous failures, is unlikely to ever truly take root. The post Without SWIFT, Iran turns to crypto appeared first on Crypto Insider.

2 months ago

Willy Woo: ‘Bitcoin is balancing, I’m curious to see where everyone is at on the eve of the next breakout’

Willy Woo, an early Bitcoin investor, and popular cryptocurrency personality have reaffirmed his stance on where Bitcoin is headed in the nearest further. The investor has joined a few other analysts to reveal that although the bearish market may be in total control at the moment, Bitcoin is gathering enough momentum to enable it to attain a massive breakout. He made this known after a twitter poll which was recently conducted resulted in around 30% of individuals agreed that Bitcoin is soon to hit rock bottom, while 40% believed the market is undergoing a bearish crisis and the 30% remained undecided. Woo disclosed his stance in a tweet, saying : So 30% think the bottom is in, 40% think more bear, and 30% are undecided. People asked what I think. To me, nothing has really changed, apart from some sideways nail biting. Woo explained that Bitcoin’s network momentum still needs to climb further, in order to put a bottom to the bear market. He continued : BTC balancing, balancing, next more will be defining. Super curious to see where everyone is at on the eve of the next breakout... In agreement with Woo’s beliefs, Vinny Lingham, Ceo of Civic Key retweeted Woo’s post with a tag “I concur”. This is quite an interesting development, considering the fact that Lingham had recently engaged in a Bitcoin bet with cryptocurrency trader Ronnie Moas. In late October, the two rounded up the World crypto con in Las Vegas as Moas staked $20,000, predicting that Bitcoin is certain to hit $28,000 as a roundup price in 2019. Lingham who stood at the other end of the spectrum was quick to accept the challenge saying “I can’t lose”. Although Lingham is not Anti-Bitcoin, his response suggests that Bitcoin is in its early infancy and has not wielded enough momentum to skyrocket that far. He concluded by saying “If BTC goes that high, happy to pay it”. The post Willy Woo: ‘Bitcoin is balancing, I’m curious to see where everyone is at on the eve of the next breakout’ appeared first on ZyCrypto.

2 months ago

Bitcoin and Ethereum stumbles, Ripple (XRP) Unshaken

The top two crypto-dogs are stumbling with each passing day. Some days a peak, other days a significant decline. The last 24hrs happen to be one of the latter days with Ethereum losing as much as 1.48% while Bitcoin suffers a 0.52% decline. On the 12th of November, Bitcoin opened at a promising trading price of $6411.76, in mid-day, the bull hit an all-time high of $6434.21, expected to topple the $6,450 to $6,500 resistance level, but hit rock bottom in split seconds and dropped way down to $6360.47 then it finally closed at $6371.27. Bitcoin’s trading volume on BitMex exchange against the USD reached 18.71% and with the South Korean won backing it up on Coinbit to further fuel its volume to hit 5.49%, giving it a total of $4.45 billion in trading volume. As of this writing, Bitcoin’s volatility manages to descend in small units whilst trading volume swells upward to reach $4.49 billion with a current trading price on the $6,300 level. Will Bitcoin shiver a lot harder and birth a bearish crisis? The next 24hrs will tell. Ethereum has in the very same fashion been pulled by the bearish market affecting its trading price with up to 1.61%. Ethereum traded at $211.51 yesterday and reached a daily all-time high of $212.62. An unexpected low of $208.92 and struggled to balance its momentum with a closing price of $210.42. Today, Ethereum trades at $207.98. Meanwhile, XRP stands tall, fearless and unshaken with a rise of $2.77. Ripple opened at $0.507833 and closed at $0.517165 in a span of 24hrs. Trading volume surged from $605 million to 667 million. Trading volume against Bitcoin hit 15.41% to birth its current trading price of $0.519298. The post Bitcoin and Ethereum stumbles, Ripple (XRP) Unshaken appeared first on ZyCrypto.

2 months ago

Cryptocurrencies to Target for the Next Bull-Run (OAX, XLM, HOT)

Cryptocurrencies OAX, HOT, and XLM are worth looking into if you’re looking for coins with the best chance to outperform Bitcoin price in Q4 2018. Small Cap Vs. Low Price Cryptos (A Trader’s Mindset) The mindset of a cryptocurrency trader in a bull vs. a bear market is vastly different. During the last bull-run, two types of cryptocurrencies had a tendency to ‘pump.’ Ones with very low market caps on big exchanges and those with very low prices. The coins with low market caps, dedicated teams, with the network to get listed on top exchanges should be acquisition targets heading into the next bull-run vs. the alternative of buying low priced coins. A very low market cap coin with major unknown quarter four events: OAX, should perform exceptionally well in the short term. The market sentiment has continued to shift from the summer of 2018 through the beginning of quarter four. With crypto personalities and technical analysis pointing to a December bull-run, the question becomes fairly obvious: How does one take advantage of the shifting of market sentiment and the possible impending moonshot? The last bull run which concluded 2017 had two main types of cryptocurrencies that saw significant pumps. These two types included very low cost per coin cryptocurrencies regardless of their market capitalization. The other type were coins that had a very low market cap. Coins with a low market cap are the coins which should be targeted vs. the ones that the price seems “cheap” on. Most individuals who are not accustomed to cryptocurrencies do not realize the importance of market capitalization vs. actual price. For example: consider 2 cryptocurrencies, one is trading at $0.50 the other at $2.00, the first has a market cap of $100 million, the second has a market cap of $5 million. Which is the better investment if both are about to have $1 million in demand of the cryptocurrency generated by an announcement? The answer is the second, with a $5 million market cap and $2.00 price. The reason for this is if $1 million of demand is generated for a cryptocurrency with a $5 million market cap the total market cap will increase to $6 million. This 20% increase in market cap will be reflected by the price increasing by 20%, from $2.00 to $2.40. The first coin with a market cap of $100 million would now have a market cap of $101 million and the $.50 crypto would have increased to $0.505. If you purchased the cryptocurrency with the lower market cap you would make 20% compared to 2% for the coin with the higher market cap. With all else equal it is always a better idea to target a lower market cap cryptocurrency vs. one with a ‘lower price.’ OAX has one of the smallest market caps on Binance and is my #1 acquisition target for this reason, along with many others. For those wanting a lower price coin with a significantly higher market cap HOT and XLM are fantastic options. OAX OAX 00 is one of the lesser known and discussed cryptocurrencies, which is a great reason to begin targeting it before the Twitter personalities and “whales” begin their accumulation. OAX is also listed on the highest volume exchange, Binance, which is notorious for solely listing tier 1 projects. So what is OAX’s project that impressed Binance enough to list? I had the pleasure of discussing with the OAX team many aspects about their project during a recent interview. According to Wayland Chan who is the Technology Lead of the OAX Foundation, by the end of 2018 OAX will “deliver a stand-alone DEX using the work done building a scalable layer 2 solution.” This very significant event is not listed on cryptocurrency calendar websites nor is it commonly known in the space. What is most impressive about OAX’s decentralized exchange (“DEX”) is that they plan to have an “off-chain order book, off chain order execution, as well as no custody of user assets.” OAX could be the scalable solution that DEX’s have sought for years. The OAX project is very ambitious but having secured a Binance listing their legitimacy should not be challenged. The first prototype of the DEX was delivered in June and since the developer have been finalizing the layer 2 solution using off-chain solutions to solve the performance problems of blockchains. According to OAX’s Technology Lead, We’ve made huge strides...and expect to soon announce some big news that will definitely rock the boat. As much as I pressed I was unable to get an inside glance at what this ‘breakthrough’ was. This year, OAX was trading as high as $2.28, having dropped to under $0.35 since. With their platform becoming a reality, now is the perfect time to acquire a position. The future of OAX looks very bright. OAX plans to have a layer 2 working prototype by the end of 2018. Their DEX has the potential to revolutionize the exchange community and the scaling difficulties they face. ICOs were all the craze at the end of 2017, DEXs are becoming the next craze with looming regulations and government crackdowns alread

2 months ago

Ditch Ethereum At Your Own Peril: DApp Founder

Ethereum (ETH) has had bad press lately. Erstwhile Ethereum dApps are moving onto other networks; prices are at rock bottom. At a conference not too long ago, one cryptocurrency trader described ether tokens as “practically dogshit.” But through all of the trials and tribulations, some projects are rallying around to defend the grand old lady from mounting hostility. Ethereum is far from perfect, they say, but it is better than the other platforms out there. Uriel Peled is the co-founder of Orbs, an application for well-known consumer brands to use blockchain technology. Orbs is based on the Ethereum network; its principal purpose is to offer the technological equipage and infrastructure for big firms to build their own decentralized applications that are scalable, effective and secure. The project raised $118m in its ICO, which concluded in May this year. Speaking to Crypto Briefing over the phone, Peled explained how he had previously harbored deep-seated concerns about the platform: he didn’t think Ethereum had a future, due to crippling scalability issues which sapped confidence. “The network simply didn’t work,” he said. “It was a good proof-of-concept but my initial view was that it would be superseded by the next generation of platform networks.” “Now I think that the Ethereum network isn’t going anywhere”, he added. The network offers Ethereum dApps security Peled thinks of Ethereum as the basic technological standard for the sector. There are hundreds of active ERC20 tokens (of varying quality) in the space. Most projects originally launched their public sales on the network, and ether tokens were the moneta franca during last year’s ICO boom. “People and projects are simply more familiar with it [Ethereum] than they are with other projects”, he said. “I still haven’t seen a single network which can directly challenge them on this.” Further, and more importantly, it’s a secure network. Ethereum dApps can’t be compromised by the platform itself. Peled thinks this is often an overlooked factor by projects which fix their attention on scalability. He explains that Orbs has been able to create a scalable network while still being based on Ethereum. “Projects themselves can look at improving throughput, sure,” he said. “But the key factor is you can’t add security retrospectively. If the network itself isn’t that secure, then hackers and bad actors will have a backdoor into your dApp. To my knowledge there’s very little you can really do if that happens.” The community should see Ethereum as the ideal base layer, says Peled. It’s secure and familiar to most people, but projects can add their own features, like scalability or privacy, as additional layers. Essentially Ethereum will become the best-decentralized network if it’s treated as a foundation or base that other projects can layer-up on. “Do we need an entire blockchain for privacy payments?”, says Peled. “No, we don’t. Projects like Zcash and Monero are good at what they do for sure; privacy is important, but it’s overkill to construct an entire network for what is practically one feature.” “You could build a privacy payment layer just as well on Ethereum,” he adds. The best of the blockchain platforms? Ether prices, which are all-too-often the only metric for a project’s value, have been on a downward trajectory since the high of around $1350 at the beginning of the year. Some hope the $200 mark is the project’s floor price and that any move above represents a bullish signal. Could it ever return to its former glory? Who knows. Some suggest Ethereum could be one of the big winners in 2019, with a 300% surge in value. Still there are numerous predictions to the contrary that still think the price of ether will drop to $0. Price is always given pride of place, but what Peled says is different. In the long-term, it won’t so much be the price itself that will matter, but rather the network’s utility. In this framework, attributes such as security will matter far more. The EOSIO (EOS) mainnet launch was dogged by security concerns. At one point hackers managed to access Block.One’s email address and send thousands of spammy emails out to EOS holders. The community likes EOS because of its feeless transactions and scalability. But if the foundational layer is compromised, then it will always be limited. Dapps running on EOS could be fundamentally compromised. The grand old lady has been dealt a couple of substantial body blows over the last year. But security could help protect her from any further harm, and the Ethereum dApps are running to the rescue. The author is invested in ETH, which is mentioned in this article. The post Ditch Ethereum At Your Own Peril: DApp Founder appeared first on Crypto Briefing.

2 months ago

Ethereum [ETH/USD] Technical Analysis: Bulls are ready to the rock the cryptoboat

The market has returned to its mild movements with a hint of a sideways trend. Ethereum, the second-largest cryptocurrency, is also showing a slight downturn in its price at the moment. At press time, ETH was down by 0.73%, trading at $212.46 with a market cap of 21.9 billion. The total 24-hour trading volume was recorded at $1.73 billion. 1-hour: ETHUSD 1-hour candlesticks | Source: tradingview In this timeline, the uptrend extends from $207.36 to $210.34 while the downtrend ranges from $219.59 to $215.2. A possibility of trend breakout is not visible as of now, as the prices have comfortable space to move. The Awesome Oscillator is flashing green on the ETH chart, depicting a healthy outlook on the market prediction. The Klinger Oscillator made a bullish crossover with the signal line and is currently traveling above it. Hence, the indicator is bullish on the Ehereum market. The Chaikin Money Flow agrees with the two above indicators. The reading line is approaching the bull’s land, pointing at an imminent positive price run. 1-day: ETHUSD 1-day candlesticks | Source: tradingview In this scenario, the downtrend and the uptrend are ranging from $456.44 to $202.42 and $183 to $188.35 respectively. However, there is still time for a breakout in the price trend to occur as the price does not appear concentrated enough. The Bollinger bands are not indicating much volatility in the Ethereum market as the bands are still running a narrow pattern on the chart. The Parabolic SAR is bullish on the Ether price. The dots are floating below the candlesticks, establishing support for the trend. The RSI is also bullish on the ETH market. The reading line is showing a consistent climb to side with the bull. Conclusion In this technical analysis, it has been observed that the majority of the indicators are bullish on the Ethereum price trend. However, the upturn could be mild as the Bollinger bands are depicting low volatility in the market. The post Ethereum [ETH/USD] Technical Analysis: Bulls are ready to the rock the cryptoboat appeared first on AMBCrypto.

2 months ago

You're booked by #Cortex November 28! We will see you at the...

You're booked by #Cortex November 28! We will see you at the event AI Night@bitfish! Let's rock #Bankok, #Thailand!…

2 months ago

Figureheads Or Figments: Decentralizing Blockchain Leadership

At press time, over 930 cryptocurrency projects have been pronounced deceased, riddled with malware or hacks; parodies; or just outright scams. What was the failure point of these projects that are no longer with us? Was it a lack of leadership? Too much control? Poor governance? Speed of implementation? For that matter, what has made Bitcoin successful for the past 10 years, where other projects have failed? According to crypto analyst Murad Mahmudov, the long and patient approach has been beneficial for Bitcoin’s resilience. “Governance of Bitcoin is not formally defined,” Murad Mahmudov said on Anthony Pompliano’s podcast Off the Chain. Mahmudov went on to say Bitcoin’s governance has a lot to do with its improvement process, which is a “very conservative, extremely meticulous process.” Something he considers to be a strength of Bitcoin, as altcoins are “much more centralized in relative terms,” and easier to change. An example of patience and pace demonstrated by Bitcoin’s meticulous processes includes the segregated witness (or SegWit) debates, which wouldn’t be implemented until 95% of Bitcoin miners signaled support. The upgrade implementation was introduced to the network in October of 2016 (6 months behind schedule), and took effect in August of 2017. Since Satoshi’s departure from the project, Bitcoin’s decentralized governance and improvement processes have not only allowed the cryptocurrency to survive, but have continued to strengthen the cryptocurrency. Even after many potentially project-ending events such as the Mt. Gox hack, the closing of the Silk Road, or a massive “civil war.” Centralized leadership: the good, the bad, the ugly. With regards to governance and leadership, the author examined Tezos, Cardano, and Tron, to examine how scandals and potentially project-ending events have been handled. Tezos, the world’s first self-amending platform, “aims at avoiding hard-forks by allowing the network to upgrade itself.” The blockchain platform raised $232 million in its initial coin offering (ICO), the second highest ICO raised in 2017. Following its ICO, founders Kathleen and Arthur Breitman, became embroiled in a legal battle with the Tezos Foundation president, Johann Gevers. Whereas the Bretimans owned the intellectual property through a Delaware corporate entity, Gevers held control of the funds raised until he stepped down from his role with the Tezos Foundation. Despite the lawsuits from the SEC and community dissatisfaction with the collection of KYC/AML information in June of 2018, Tezos launched its MainNet in September of 2018 and is now a community run blockchain. Then there’s Cardano, a project with a $2 billion marketcap and no clear product. Its leader, Charles Hoskinson, an intelligent individual qualified to steer the Cardano ship, has also faced issues with Cardano leadership. Cardano’s governance model distributes oversight among three entities - IOHK, Emurgo, and Cardano Foundation - established to provide a check-and-balance structure to ensure one entity’s failure won’t cause the entire project to implode. In an open letter to the Cardano community this past October, Charles and Ken Kodama (CEO of Emurgo), asked the Cardano Foundation’s chairman, Michael Parsons, to step down. In effect, Parsons had “been acting as the Foundation’s de facto sole decision-maker in respect of the day-to-day business of the Foundation and ruling its staff like a monarch.” The project has yet to launch a platform, but continues to release research papers. Tron’s ICO took place in September of 2017, and within four months was hit with a scandal that its whitepaper had been plagiarized. CEO and founder, Justin Sun, blamed translators for the blatant copy-paste job. Shortly after, a report released by TrustNodes in January of 2018 called Tron founder and CEO, Justin Sun, a “marketing wiz” and stated “little lives on promises alone.” Since then, the Tron project has grown to over 200,000 active accounts and those users have elected Sun as one of 27 super representatives who act as consensus nodes and validate blocks. Strong leadership can help or hinder. Justin Sun’s star power has helped Tron to successfully overcome significant hurdles in the quest for adoption; Charle Hoskinson’s intellectual prowess may have solved one of blockchain’s biggest problems, but Cardano’s infighting will not help the project. And Tezos, perhaps the most unlikely candidate for a positive and successful mainnet launch, is enjoying a smooth ride for once, despite bitter and acrimonious leadership issues. Vitalik Buterin vacillates regularly between having more input to the Ethereum project, and walking away. Satoshi Nakamoto pulled the ultimate anti-leadership stunt, and Bitcoin hasn’t suffered much. It seems that the blockchain space is divided between the unifying power of a clear leader, and the decentralized ideals for which cryptocurrency is famous. Neither model is obviously stronger than the other, at this

2 months ago

The Daily: Crypto Game Developer Raises $15M, Bitcoin Pioneer Faces Lawsuit

In today’s edition of The Daily, we look at a successful funding round for a developer of a popular cryptocurrency-powered game. We also report on a famous early entrepreneur in the Bitcoin space who has been accused of stealing money to buy Maserati cars, big powerboats and luxury real estate. Also Read: Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert Google and Samsung Invest in Crypto Kitties Developer Dapper Labs — the developer behind Crypto Kitties, the game that famously clogged up the Ethereum network — has announced that it has raised $15 million in a financing round led by Venrock. The investment arms of Google and Samsung also participated, bringing the total funds raised by the Canadian company to $27.85 million. Additional investors in the round included Coin Fund, Animoca Brands, June Fund, HOF Capital, GBIC, John Pfeffer, and Matt Bellamy, the lead singer of the rock band Muse. Previous investors in Dapper Labs also participated, including Andreessen Horowitz, Union Square Ventures, SV Angel, Digital Currency Group, William Mougayar, Hex Capital, and Rising Tide Fund. Dapper Labs will use the funds to expand both locally and globally, and has already revealed plans to establish a U.S. subsidiary. In addition, the investment will help the Vancouver-based company to accelerate the build-out of its technology. “This round of financing was about getting the right partners around the table to bring compelling content to the blockchain — and make sure usability and infrastructure allow for adoption by mainstream consumers,” explained Roham Gharegozlou, CEO of Dapper Labs. Charlie Shrem Accused of Stealing Funds Charlie Shrem, who is known for running the company Bitinstant during the early days of Bitcoin, has only been out of prison for a little over two years, but is already facing new legal issues again. Cameron and Tyler Winklevoss, the founders of the Gemini exchange, have accused Shrem of stealing about 5,000 BTC from them. The crypto-pioneer was hired by the two entrepreneurs in 2012 to acquire a large amount of coins. The twins have also claimed that Shrem used the funds he allegedly stole to go on a recent luxury spending spree, which included purchases of two Maserati cars, two boats, and multiple homes. This was enough for a federal court to order the freezing of Shrem’s accounts on Coinbase and Xapo, which a private investigator hired by the Winklevoss twins linked to the allegedly stolen BTC. “The lawsuit erroneously alleges that about six years ago Charlie essentially misappropriated thousands of Bitcoins,” Shrem’s lawyer Brian Klein told the New York Times. “Nothing could be further from the truth. Charlie plans to vigorously defend himself and quickly clear his name.” Google CEO’s Son Is a Miner Sundar Pichai, the CEO of Google, revealed at a recent conference that his son has been mining cryptocurrency on the family’s home computer. If this sounds familiar it’s because back in July, Google co-founder Sergey Brin said that he had started mining to improve his son’s knowledge of cryptocurrency. He then got hooked himself. “Last week I was at dinner with my son, and I was talking about something about bitcoin, and my son clarified what I was talking about was Ethereum, which is slightly different. He’s 11 years old. And he told me he’s mining it,” Pichai said, as quoted by Business Insider. “I realized he understood Ethereum better than how paper money works. I had to talk to him about the banking system, the importance of it. It was a good conversation.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from The post The Daily: Crypto Game Developer Raises $15M, Bitcoin Pioneer Faces Lawsuit appeared first on Bitcoin News.

2 months ago

Holacracy: Governance in an Age of Innovation and Subversion

The following opinion piece on Holacracy was written by Max Borders, director of Social Evolution and author of The Social Singularity. Imagine turning on your mobile device one morning to find only two apps: Red and Blue. It’s bad enough that these are the only two choices. Only one works at a time-and not very well. Also read: Markets Update: Traders Play a Lower Range After Cryptocurrency Prices Dip And yet this is more or less the social operating system upon which most of the developed world runs. The Madison-style Constitution was a great innovation, but it’s still built atop the 2000-year-old DOS (Democratic Operating System). “It has been said that democracy is the worst form of government,” Winston Churchill remarked, “except all those other forms that have been tried from time to time.” Really? Is this the best we’ve got? Such a fatalistic view gives us an excuse to accept the status quo, but it is a failure of imagination. It’s time to rethink governance. Changing Our Relationship to Power The strongest candidate for a new global-scale social operating system is Holacracy. Never heard of it? Holacracy is a organization management system Brian Robertson developed to help businesses run without bosses. HolacracyOne’s mission is to “change our relationship to power” and the system does just that, which is exactly why some are skeptical. After all, command-and-control systems have been working for blue chip companies and standing armies for centuries. But now, more than 1000 companies worldwide have adopted Holacracy, jettisoning the traditional firm structure. If you’re into cryptocurrencies, you already know that command-and-control hierarchies can be destructive and inhumane. Satoshi Nakomoto, for example, wanted both to help us escape the inflationary Skinner box of central banking and build bitcoin in a decentralized way. The idea was to work with a growing team of coders and miners to build out the ecosystem, but no one would control the network. Satoshi changed our relationship to power — for both developers and users. Holacracy provides a governance framework that is decidedly holonic — roughly, systems within systems. In this way, a holacratic organization approximates a living organism as opposed to a machine to be “run.” Practitioners aren’t arranged by managers as cogs within a traditional org chart, but rather define their own functional roles within wider spheres of activity, or “circles”. Just as cells make up organs within organisms, people have roles within teams within organizations. And though certain cells and roles might hustle themselves into an “executive function,” both the organism’s and the holacratic organization’s brains are self-organizing. How Holacracy Works Holacracy makes an organization a complex adaptive system. Unlike command-and-control hierarchies, complex adaptive organizations respond with relative autonomy to stimuli that are, for lack of a better way of putting things, not quite right. Practitioners call these “tensions.” Every part of the organization wants to get things flowing, following constructal theorist Adrian Bejan. To resolve tensions is to get things flowing-that is, towards realizing the mission. At the risk of oversimplification, let’s break it down: Mission. Why the organization exists at all and the end all roles serve. Holacracy Constitution. Sets out the relatively fixed protocols and fundamental rules that make up Holacracy’s (open source!) social operating system. Tactical Meetings. A group process for addressing one-off, operational issues in a formalized way, relevant to some functional sphere of activity. Governance Meetings. A group process for creating roles, making policies, or assigning ownership of responsibilities. Data management. The inputs and output of meetings gets recorded so that anyone can see the rules, roles, policies and system interconnections at any time. The devil is of course in the proverbial details. And learning the system is rather like learning a team sport: You can’t learn the game from the rulebook. You have to get out there and practice. But in doing so, practitioners can become Holacracy pros-increasing organization efficiency while scaling. But how far up can Holacracy scale? Teams within Teams (within Teams) Complexity scientist Yaneer Bar-On warns of the coming breakdown of the current order: Why should governments fail? Because leaders, whether self-appointed dictators, or elected officials, are unable to identify what policies will be good for a complex society. The unintended consequences are beyond their comprehension. Regardless of values or objectives, the outcomes are far from what they intend. But Bar-on suggests a solution. It begins with widespread individual action that transforms society — a metamorphosis of social organization in which leadership no longer serves the role it has over millennia. A different type of existence will emerge, affecting all of us as individuals and enab

2 months ago

Coming In Hot And Fast: The New XRP Text Instant Payment System Lets You Transfer Cryptos Via Text Message

XRP continues to rock the crypto world as various blockchain and crypto products pop up in its favor. The latest entry is a rather revolutionary system that could spell BOOM for XRP. The name of the new instant payment system is XRP Text, and it works just as the name suggests. Of late, Ripple has been super active in developing new and better financial solutions products to add to its RippleNet. By all accounts, RippleNet has already attracted quite a following. Over 100 banks and other finance-related institutions from across the world are already members of RippleNet. These include large banks both in the US and Asia. The recent launching of xCurrent, XPring, and xRapid has made even more difference in attracting more clients for Ripple. That means more acceptance for XRP since the transfers are done with XRP as the base currency. Now, the advent of XRP Text is bound to make the campaign for its mass adoption a whole lot easier. XRP Text: What Is It? Basically, the new crypto transfer system uses text messages as transaction triggers. In better words, users can initiate token transfers by just keying in specific commands as text messages on their phones. The user first initiates a token transfer to their personal crypto wallet, from where the tokens are then transferred to the recipient. The fund transfer is instant, and everyone likes that. To make it more user-friendly, the system requires no registration. All it needs is the users’ phone numbers. Also, the recipient doesn’t even need to have used the system before. Below is a sample text screen showing some of its text commands: Below is another screen-grab showing how the transfer works: Besides the text-based transfer, there’s also a Telegram version that does just the same. Here is a screen-grab showing the commands usable on the Telegram-based XRP Text version: The system was developed and launched by an independent developer entity known as WeitseWind. The developer has warned that the system is currently in its beta phase and that there may be some glitches. However, such glitches are easy to fix to perfect the system during the said testing period. As expected, XRP Text will greatly contribute to the mainstream adoption of XRP as a credible and reliable means of fund transfer. That could very possibly drive its price up. Ripple Mocks Banks Meanwhile, Ripple has released a hilarious ad depicting banks as too slow and outdated to serve money transfer requests in the digital age. Attaching the ad video in a tweet, Ripple opined that given the sluggish nature of the traditional banking system, banks could as well use aircrafts to move money from senders to recipients. In a sense, the ad drives a very important point in respect to the fast transaction speeds available on the XRP network. The post Coming In Hot And Fast: The New XRP Text Instant Payment System Lets You Transfer Cryptos Via Text Message appeared first on Ethereum World News.

2 months ago

Are Decentralized Social Networks the Only Hope for Free Speech?

TL;DR The Internet has increasingly become a less tolerant place for radical ideas Large social media platforms like Facebook, Twitter, and YouTube enforce censorship based on protecting their users’ right not to feel ‘uncomfortable’ Decentralized social networks are the only possible solution to this problem. However, the current class of crypto platforms - Steemit, Minds, BitTube face significant challenges in convincing people to migrate away from these social media giants. Decentralized social networks will need to offer much more than the ability to express ideas freely. Over the past 10 years, the Internet as we know it has changed rapidly. What was once a free and unfiltered space for people to share radical ideas has now become commoditized and controlled. This is an unfortunate byproduct of a once-fringe technology becoming mainstream. This is not to say that we aren’t experiencing the best the Internet has to offer. It has never been easier to access unlimited quantities of information on any topic, connect with friends, earn degrees, and find jobs all through the click of a button and the help of the most advanced search algorithms ever produced. However, this progress has proven to be a double-edged sword, as the more comfortable people get with calling the Internet their ‘home’, the more uncomfortable they become when things they dislike intrude into that home. This phenomenon is no more evident than on social networks like Facebook, which has captured the loyalty of billions around the world due to its ability to allow us to personalize the Internet in ways that have never been done before. On Facebook, I get my own profile, I can create my own network of friends, receive my own tailored recommendations. I can earn validation the more I share my content, everything about it leads me to believe that the Internet is a vast cyber world built just for me. The same personalized features extend across virtually all social media platforms, creating a level of comfort that ensures that, as users, we remain glued to our screens for several hours a day. It’s easy to see how the constant push from Google, Facebook, and Twitter for more personalization and comfort over a span of 10 years has led people to believe the Internet should be a ‘safe space’, and that ideas you don’t agree with are somehow a threat to your existence. Worst of all, these same tech companies have now taken it upon themselves to be the arbiters of what is considered good or bad speech, censoring users with large followings simply for making a vocal minority feel uncomfortable. The word ‘responsibility’ is critical when assessing the case of free speech online. Depending on how one interprets that word, it shapes their opinions about the current climate of Internet censorship: Who is responsible for fake news? The publishers or the platform? If a fake news piece causes someone to act in a criminal way, who is responsible? Is it the fake news publisher? The platform? Or the person who reacted without first verifying if the news was true? Who is responsible for responding to an offensive joke? The platform? Or the person who deemed it offensive? How many people need to be offended by a post before the platform labels it offensive? A thousand? One hundred? One? The fundamental question of responsibility is what drives the current debate over Internet censorship. Yet the answers seem very clear when we consider how social media companies have worked to strip away the feeling of control people online once had to dictate who they could be, what they could consume and how they could react to it. Ultimately, the raw, anonymous, and unfiltered nature of millions of free people connected around the world has been suppressed for the sake of bringing mainstream access and increased profitability to Internet companies. Fortunately, blockchain technology is giving us a chance to hit the reset button on this grand cyber social experiment we call the Internet. New platforms like Steemit, Minds, and BitTube are emerging as decentralized alternatives to Facebook, Twitter, and YouTube. Their operating model is simple; a social network free of censorship, where users can monetize their content by earning cryptocurrencies when people upvote their posts. In many ways, these platforms aspire to take what we value most about our highly advanced social media apps while bringing us back to a time when interactions were peer to peer, anonymity was cherished, and corporations were unable to impose their will as intermediaries or advertisers. Unsurprisingly, many have jumped onto these platforms to discover better ways to earn a fair wage for the content they produce, escape the threat of data exploitation (as seen in the recent Cambridge Analytica scandal), or simply share ideas that may be deemed to be ‘unsafe’. After only 2 years, Steemit has acquired over 1 million users and is ranked as one of the top 1,500 websites on Alexa. Minds has been ar

3 months ago

Crypto Volume in South Korea Rises, Will it Boost Global market?

The conducive developments in South Korean crypto space have boosted fiat influx into the market, reveals this month’s data. eToro eanalyst Mati Greenspan pitted Korean Won against the most volumed bitcoin-quoted assets, including the US Dollar, Euro, the Pound and also Tether. The comparison revealed a dramatic surge in the BTC/KRW trading volume compared to other instruments that remained mostly stable throughout this October. SOURCE: CRYPTOCOMPARE.COM Japanese Shift Theory While the Korean Won volume surges against Bitcoin, the one that fell in response is that of the Japanese Yen. At the beginning of October, the KRW volume covered 3.39 percent of the Bitcoin market, while the BTC/JPY - at the same time - covered 11.96 percent. By mid-October, the KRW trades had gone up to as much as 41 percent while the JPY toppled to as low as 1 percent. Australia’s Finder theorized that Japanese investors could be moving their Yens into the South Korean Bitcoin market over security concerns. Japanese crypto exchanges this year had gone through a few high-profile hacks, in which swindlers stole $600 million of cryptos. The yuan trading volume is on its way to the south ever since the hack at Zaif exchange in September. The October Yen volume on BitHumb, nevertheless, has attained its initial value already and is now covering 12 percent of the overall Bitcoin market. Korean Won yet remains the leading fiat currency by volume in October, beaten only by Tether that is not state-backed. USDT Volume Depleting BitFinex still has a lead over other exchanges in Bitcoin-to-dollar trades. It is further reflective in the dominance of Tether’s USDT - a BitFinex-supported stablecoin - over the bitcoin volume charts. Nevertheless, the coin is losing its sheen after being criticized for non-disclosure of US reserves. A considerable number of traders has shifted to other stablecoins. Many have parked their crypto assets in fiat also, which explains a volume shift towards the Won. The deviation between USDT and Won volume is visibly more than the divergence between Yen and Won on half-yearly charts. BTC/KRW Price The high volume did not reflect upon the way Bitcoin is trading against the Korean Won. Another chart sourced from BitHumb and reveals that the BTC/KRW pair is trending sideways on daily charts for quite a time. It could mean that while trading on the exchanges has increased, the Bitcoin demand is in equilibrium with its supply. It further explains that the high volume does not specifically signify South Korean investors’ interest in the crypto. The overall bias in the Bitcoin market is turning bullish after the extension of its stability action. Especially in times when the mainstream stocks are underperforming, Bitcoin is rock steady compared to its volatile swings in the past. The post Crypto Volume in South Korea Rises, Will it Boost Global market? appeared first on NewsBTC.

3 months ago

Here’s Why the Bitcoin Community is Viciously Attacking Blockstream’s Bank 2.0 Liquid Network

Today we begin with three questions: Is Blockstream building solutions such as Liquid which rely on the government for protection of the fulfillment of contracts? And: Is Blockstream intentionally crippling the throughput on the base layer so that most traffic has to go through their second for profitability? And: "Just Use Fiat" — CoinSpice (@CoinSpice) October 26, 2018 The case of Blockstream There is nothing to be taken away from Blockstream. Thing is, Blockstream can be commended for their wonderful and as a “global leader in Bitcoin and blockchain technology whose products and services form the foundations for the financial infrastructure of the future”. They have developers in their payroll and after receiving $151 million, commentators argue that the company is out to mint money to pay back the investors. Therefore, their recent announcement of Liquid Network, a layer two solution, is noteworthy. Of Liquid network and “speed” Blockstream describes Liquid Network as an “Inter-exchange settlement network linking together cryptocurrency exchanges and institutions around the world, enabling faster Bitcoin transactions and the issuance of digital assets”. What this means is that with Liquid Network, Blockstream development team acknowledge that Bitcoin though the most valuable and dominant coin in the sphere is highly illiquid, slow and there is a need to overcome the technical and market dynamics hampering its performance as a remittance and cross border solution. This dip in performance is mostly because of the high latency time and the simple fact is that Bitcoin is tied to several exchanges and brokerage environments. Add this to privacy needs and the cost of transaction becomes high spikes and become illiquid especially for those who need to move in local currencies. Therefore, in an attempt to circumvent this obvious weakness, participants try other means but in the process introduce other weaknesses which are point of failures. Liquid Network Functionaries, Is this Centralization? Therefore, the team behind Blockstream is coming up with a quick fix: take out a large chunk of Bitcoin transactions off the main chain and settle them in a second layer by introducing a trust network in Liquid. Liquid Network is not full decentralized and depends on trust. In fact in this new arrangement, the network shall appoint a fixed number of trusted institutions—Functionaries, to validate and later transfer this chunk of Bitcoin transactions back to the main chain. Basically, a Functionary acts as inter-banks in a normal banking set up because all they do is pool and redistribute liquidity while acting as payment gateways. What’s worse? Well, these Functionaries are exchanges who the community doesn’t really trust. This is the full list of exchanges and other institutions participating in Liquid (from Blockstream’s press release): Altonomy, Atlantic Financial, Bitbank, BitFinex, Bitmax, BitMex, Bitso, BTCBOX, BTSE, Buull Exchange, DGroup, CoinOne, Crypto Garage, GOPAX (operated by Streami), Korbit, L2B Global, OKCoin, The Rock Trading, SIX Digital Exchange, Unocoin, Xapo, XBTO and Zaif. BitFinex CTO, Paolo Ardoino, chipped in saying: “If there’s one thing our traders need, it is speed. Liquid delivers that in spades. Liquid’s instant settlements will allow our traders to achieve faster Bitcoin deposits and withdrawals, more efficient arbitrage, and even better pricing through tighter spreads” Reasons why Bitcoin Community is against Liquid Network But, this is where the problem is: Zaif was recently hacked, BitMex has been accused of trading against their customers, BitFinex is just another story—wash trading, USDT debacle and OKCoin accused of wash trading. And all of them are centralized exchanges. Here’s what one Reddit commentator had to say about this arrangement: “The exchanges are points of failure who bear responsibility, and Liquid is a trust based network, so effectively BS shifts power to the authorities since a much bigger percentage of the coins will be held by them out of convenience - see what BS announced: “The high latency of the public Bitcoin network requires Bitcoin to be tied up in multiple exchange and brokerage environments, while its limited privacy adds to the costs of operation.” Besides, by creating a network of “strong Federation of Luminaries” they are intentionally starving miners off their network fee further discouraging miner participation weakening the network in the process. There again there is a potential conflict of interest. Blockstream is Bitcoin’s custodian and are creating a solution that doesn’t promote the development of the main chain throughput. Do you think Liquid Network will be successful? The post Here’s Why the Bitcoin Community is Viciously Attacking Blockstream’s Bank 2.0 Liquid Network appeared first on Ethereum World News.

3 months ago

Are Elon Musk and Blockchains LLC Cooperating to Build a Blockchain Smart city?

Twisted speculations have swirled for months as to the moves and motives of a Nevada-based blockchain-focused company named Blockchains LLC. The latest one being an imminent announcement of a pilot Smart City Project in collaboration with Elon Musk, inside the Tahoe-Reno Industrial Center, the largest industrial Park in the U.S. In fact, only a few people have heard about Blockchains LLC so far. The handful of information made public by the company does not seem to give any detailed description or straight-to-the point explanation on its scope of work or future plans. The latest public appearance made by the company’s CEO, Jeffrey Berns (a California trial attorney, known for having won big class-action lawsuits in the past) was on October 9 of this year. Back then, Berns was invited to take part of a Tech Summit held inside the Tesla Gigafactory, at the Tahoe-Reno Industrial Center (TRIC), organized by Nevada’s Governor Brian Sandoval. Alongside him were Elon Musk, founder of Tesla and SpaceX, as well as top executives from Panasonic and other tech firms in the TRIC. Below is a timeline of the events that developed throughout the nine previous months, and led to rumors of potential involvement of Blockchains LLC in a Smart City project with Elon Musk. Land Acquisition and Offices Renovation Back in January 2018, Blockchains LLC purchased a massive 67,125 Acres piece of land on the TRIC and started constructing offices on it. Six months later, the company unveiled to a group of local news reporters its new office building. Channel 2 reported on June 21st, that Blockchain’s LLC completely renovated an existing facility, leaving only the shell of the building. The new building which will serve as the company’s future headquarters is reportedly highly secured, hosts a developer room, public and private conference rooms, and a dedicated area for ETHNews. It is worth mentioning that ETHNews, is a cryptocurrency focused online news outlet and magazine owned by Blockchains LLC. In fact, the first concrete revelation about the company’s business intent came from Sarah Johns, the PR Director at Blockchains LLC, who revealed to Channel 2: “We want to be seen as an incubator not just for Blockchain technology but also, A.I., 3D printing and nanotechnologies”. Speaking of what the company will be doing with the remaining 60,000 acres, she said that Blockchains LLC have the capacity and the space to change the world. Filling for a Fiber Optic Application In late August 2018, the company submitted a telecommunication service application with the Nevada Public Utilities Commission. The document defines Blockchains LLC as a company that will develop proprietary blockchain applications, incubate blockchain-powered ideas, ventures and businesses, and would showcase Blockchain’s “real-world uses cases in TRIC and Painted Rock,” (Painted Rock is an adjacent land to the TRIC the company has also purchased, located East of Reno, NV). The application documents read: “Blockchains Communication [A new entity formed in May 2018 and fully-owned by Blockchain’s LLC] seeks to build operate and maintain a new fiber optic network to provide telecommunication services to commercial businesses located in TRIC and the future residents of the surrounding area”. Furthermore, under the Exhibit 6, Section Potential Projects, the application states that Verizon Wireless (the giant U.S. Telco), has engaged with the company in talks to build a cell tower that Verizon intends to construct on Blockchain’s LLC property. “The tower will contain telecommunications equipment, which will provide a wireless solution that aligns with Blockchains’ Communication’ efforts on, commitment to, transforming the telecommunication industry”. Tech Summit With Nevada Governor and Elon Musk The Tech summit of October 9, organized by the Nevada Governor Brian Sandoval, where Jeffrey Berns spoke next to Elon Musk, was the major event that caused rumors to swirl about a potential collaboration between the two. In fact, so far nothing would explain Blockchains LLC’s acquisition of land the size of New Zealand, a five million people country. During a discussion panel at the Tesla Gigafactory, Gov. Sandoval gave a proclamation to Blockchains’ CEO and named the company “one of the big chapters” in Nevada’s future. Speaking of his company, Berns held that Blockchains LLC is planning to build a “sandbox” for blockchain technology that has never been seen before, without giving further details. He reiterated the same slogans of his company being the one to change the entire planet. He also claimed that Blockchains LLC would employ “10,000 to 20,000” during the next decade. Elon Musk Tweet The tweet Elon Musk wrote on October 22, was another piece of the puzzle to understand what makes people think about the Smart City collaboration. As a reply to a question about Tesla account 2-factor authentication, Musk wrote an obvious tongue-in-cheek answer. However, the reference to cryp

3 months ago

Cardano (ADA) Hits Rock Bottom, Eyes Trend Reversal

Cardano (ADA) is trading at the lower half of the pitchfork on the ADA/BTC chart above. This means that the cryptocurrency has already completed its correction and formed a bottom. RSI conditions for ADA/BTC still show price action to be in downtrend even as it trades under oversold conditions. The VIX profile for the same ADA/BTC weekly chart also shows a strong sign of a bottom formation. The four consecutive green bars visible on the above chart confirm that Cardano (ADA) has formed a strong bottom and is now ready for a trend reversal. Cardano (ADA) has so far respected lower limits of the pitchfork it is trading in. The price entered the lowest half of the pitchfork in June and is expected to continue to trade in this half until a trend reversal kicks in. Cardano (ADA) has a history of weak price action against Bitcoin (BTC). However, this time around it seems to be close to completing a full market cycle. Investors’ interest in Cardano (ADA) has been on the rise but it still is not as hyped up as cryptocurrencies like Ripple (XRP) or Litecoin (LTC). Coinbase recently expressed its intent to add Cardano (ADA) to its platform sometime in the future. A recent poll conducted by Coinbase on Twitter also showed that majority of Coinbase users would want the next coin to be Ripple (XRP). However, if Coinbase would not list Ripple (XRP) then Cardano (ADA) would be something they want to invest in via Coinbase. Charles Hoskinson and IOHK are two well respected names in the crypto community. Anything and everything they support has an extra level of credibility added to it. However, Cardano (ADA) is different because it is not just a project supported by IOHK and Charles Hoskinson but it is also their brainchild. IOHK and Charles Hoskinson (Cardano Founder and Ethereum Cofounder) have dedicated most of their efforts to the development and adoption of Cardano (ADA). The team has been actively working on Ouroboroughs, Plutus and Prometheus solutions to enhance the blockchain and further increase its functionalities. Charles Hoskinson and his team is also focused on sophisticated side chain solutions and aims to make Cardano (ADA) one of the most user-friendly blockchain solutions available to Dapp developers. ADA/USD daily chart above for Cardano (ADA) shows that it the price is yet to break out of the downtrend. The resistance line has been rejected three times but it has not been breached once. Since the beginning of the year Cardano (ADA) has been on one of the steepest declines and has lost most of its gains to the correction. Interestingly, Cardano (ADA) has broken the downtrend on its daily RSI which could be a strong signal that Cardano (ADA) is likely to break out of the weekly downtrend in the near future. Wave trend analysis for ADA/USD hints at a slow but steady rise in the days ahead. Cardano (ADA) has fallen down to significantly lower levels in the short term but long term the price seems ready to break out of the triangle to start another cycle north of $1. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Cardano (ADA) Hits Rock Bottom, Eyes Trend Reversal appeared first on Crypto Daily™.

3 months ago

CoinGeek’s Public Mining Pool Opens for Bitcoin Miners

SVPool, the public mining pool for miners on the Bitcoin BCH network, announced that it has opened for business on Monday, Oct. 22. The public pool is managed by CoinGeek Mining and claims to be following the original vision of Satoshi Nakamoto, which helps miners in generating long-term revenue. The mining pool is an initiative by nChain Chief Scientist Dr. Craig S. Wright. A Mining Pool for Hardcore Satoshi Believers SVPool, or Satoshi Vision Pool, is dedicated to the original vision of Satoshi Nakamoto for his Bitcoin blockchain. It is a Bitcoin Cash mining pool and is dedicated to helping users in generating long-term revenue. The pool will open with zero fees for miners. It will launch with initial Pay-Per-Last-N-Shares (PPLNS) and is also planning to add Pay-Per-Share Plus (PPS+) options for users next month. The pool claims to have added hundreds of mining groups and individual miners through pre-registration. The registrants come from the United States, the United Kingdom, Spain, South Africa, Germany, India, China, Canada, Malaysia, Australia, Brazil, Japan, South Korea, and other countries. The first BCH block was mined on the pool on Oct. 10. Then it entered an invitation-only beta period during which it mined more than 50 blocks. And as of Oct. 21, SVPool already accounts for about 3 percent of BCH blocks mined, as per data. Fulfilling Nakamoto’s Vision SVPool runs Bitcoin SV full node for mining activities. Other BCH implementations, like Bitcoin ABC, experiment with “unnecessary” technical changes. On the other hand, Bitcoin SV follows the original Satoshi protocol and allows the BCH network to scale while professionalizing Bitcoin. The SV implementation is designed for business users that want to build bigger projects and require scalability and stability. Dr. Craig S. Wright commented that the original Satoshi Bitcoin protocol “does not need to be fixed.” He said that it already has all the features that BCH needs for it to massively scale, including smart contracts, tokenization, and other features, which could help it become the “only global public blockchain.” Wright added: “Just like the Internet has a stable protocol, Bitcoin needs a stable protocol so businesses can build upon a rock solid foundation rather than constantly moving sand. That is why we are restoring the Satoshi Vision through BCH, and I ask miners of the world to join me in SVPool.” SVPool likewise supports Bitcoin SV’s huge scaling plan, which includes setting the maximum block size to 128MB. CoinGeek Mining CEO Taras Kulyk reiterated his faith in Bitcoin SV, Dr. Wright, and SVPool, saying that BCH is the “only true Bitcoin that fulfills the Satoshi Vision.” CoinGeek’s Public Mining Pool Opens for Bitcoin Miners was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

3 months ago

Cryptocurrency Market Update: A New Brave Browser Boosts BAT

FOMO Moments Another flat Saturday as markets are stagnant; Only BAT and DGTX heading higher. The weekend has brought no joy to crypto markets which have remained immobile for the past few days. The slow downward slide seems to have halted just below $210 billion market capitalization where things remain for another day. Bitcoin is at the exact same place it was on Friday, $6,480 and there is no sign of a breakout just yet. A similar story is being played out in the Ethereum camp during Asian trading this morning. ETH is immobile again today at around $204. Alcoins are nearly all in the green but gains are so small they are hardly worth mentioning. The biggest movement in the top ten is Stellar which has inched up 2.2% to $0.244 this morning. The rest are static with small upwards movement of around one percent on the day. The top twenty is a little more mixed with more red creeping in. Zcash is also up 2.2% trading at $120 right now but the rest have moved less than a percentage point in either direction. Interest in altcoins is at rock bottom this month. Today’s big pump is BAT which has jumped 16% to $0.240 on the day. A new Brave browser release with BAT integrated for tipping websites was launched a couple of days ago which is driving momentum now. Trade volume has quadrupled from $6 to $24 million, over 60% of which is on Binance. New Brave desktop browser available for download at This latest milestone on our way to 1.0 is Chromium-based, has 22% faster load time than our previous Muon-based version, & unveils Brave Rewards beta (previously Brave Payments). — Brave Software (@brave) October 18, 2018 Basic Attention Token has made 33% since this time last Saturday and is also up over 50% on the month. Digitex Futures is also in pump mode, adding 15% to its price levels over the past 24 hours and Aeternity is looking strong with a 10% gain. Getting the red end of the digital stick is Polymath, as yesterday’s pump predictably dumps today. POLY has dropped 11% of its previous gains in this tired pattern of ups and downs. Komodo is also shedding some today with a 7% decline. Total crypto market capitalization has not moved since Friday morning and is still at $208 billion. The daily lows are getting shallower though so it could get back over $210 billion during Euro and US trading today. Since last weekend markets have climbed 3.5% but they are still very flat. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: A New Brave Browser Boosts BAT appeared first on NewsBTC.

3 months ago

BP says oil at $80 a barrel is “unhealthy for the world”

“The oil prices in the world are too high and it’s unhealthy for the world,” said Bob Dudley, the chief executive officer of British oil-and-gas giant BP. Some emerging market economies such as South Africa, India, and Turkey were suffering from their highest-ever prices of gasoline because the market price of oil—which is traded in US dollars—has been rising while their currencies depreciated rapidly, Dudley said. “There’s a healthy price for oil and energy and I believe that balances producing countries and consuming countries,” he added. “In my mind, it’s somewhere between $50 and $65 a barrel. The world can live with this.” The price of Brent crude, the European benchmark for oil, has increased by nearly 20% this year. Earlier this month, it topped $86 a barrel. Economic and geopolitical tensions, such as the US sanctions against Iran and Venezuela’s economic collapse, are among the reasons for the appreciation. It has prompted analysts to speculate that oil prices could return to $100 a barrel for the first time since 2014 (paywall). Dudley was speaking yesterday (Oct. 18) at the One Young World summit in The Hague, a gathering of nearly 2,000 young people from all over the world who are working to drive social change, such as ending sexual violence, improving access to education, and holding governments accountable for human rights abuses. Execs from BP and Shell are here to speak about how they planned to increase access to energy. In a Q&A session with attendees, Dudley said that oil prices were “artificially high” thanks to Venezuela “defying economic gravity” and the Iran sanctions. If these forces retreat, and the oil price is determined by fundamental measures of supply and demand, then the price should return to between $60 and $65 a barrel, Dudley said. But right now, he said that the Iran sanctions were affecting everything. On the sidelines of the conference, Dudley added that BP wasn’t considering being part of the special purpose vehicle that the European Union, China, and Russia are setting up to circumvent US sanctions on Iran. The arrangement would allow payments with Iran to avoid touching the US financial system. “We aren’t going to try [it],” Dudley said. “I think it’s full of risk.” At the summit, Dudley spoke mostly about the energy transition that was required to meet a low-carbon future, less than two weeks after a major UN report said there was only 12 years to avoid a climate-change catastrophe. Dudley is currently the chair of the Oil and Gas Climate Initiative, a collection of oil companies that are responding to climate change. Dudley told the young people at the summit that the most important thing was to squeeze coal out of mix and replace it with natural gas. Coal still makes up about a third of the world’s energy supply. Natural gas emits far less carbon emissions but produces methane, a greenhouse gas. BP is working to find the right technology to reduce methane leaks. He also said fracking, a process that uses high pressure water and sand to extract gas from shale rock, has “been turned into the myth of the monster beneath.” After a seven-year hiatus, fracking has restarted in the UK amid local protests. Dudley argued that there was still so much coal usage in the world because of government policy and economics. Governments need to put a price on carbon, he said, especially because renewable energy “can’t do it alone” when it comes to reducing emissions. “Even optimistic projections only see renewables making up around one third of the energy mix by 2040,” he said. That means a combination of oil, natural gas, and renewables will feature in the future energy mix. Dudley said he expected oil demand to peak in 2042. “But when it does peak, it’s a long plateau,” he added. Technology will be the key to cutting carbon emissions down to zero at that point, and not just relying on renewable energy, he added.

3 months ago

Our lineup for an alternate Super Bowl show Rihanna could headline

Rihanna reportedly could have performed at next year’s Super Bowl halftime show, one of the most-watched events in television, but said no. According to Us Weekly, Rihanna turned down the opportunity to show her support for Colin Kaepernick, the former NFL quarterback who has says he has been blacklisted by the league for spearheading the players’ movement to kneel during the national anthem. (Kaepernick sought to spotlight police brutality and racial inequality in the US.) “They offered it to her, but she said no because of the kneeling controversy. She doesn’t agree with the NFL’s stance,” Us Weekly quoted a source as saying. Or as Vulture put it, “Bitch better keep your money!” No Rihanna, but viewers will get Maroon 5. Yet it doesn’t mean the world should be deprived of a dazzling RiRi performance on Feb. 4, 2019, which is Super Bowl Sunday. A New York Magazine contributing editor suggests an alternate half-time show, featuring stars who have expressed their support for Kaepernick. if I were a TV executive, I’d counter program an alternate half-time show to go live at the exact same time, with every act who’d perform in support of Kaepernick, starting with Rihanna — Adam Sternbergh (@sternbergh) October 18, 2018 The proposal from the novelist and writer is smart, considering the advertising potential around Kaepernick, and could also make for a spectacular 30-minute concert. Here’s one proposal for what the line-up for such a show could look like: Rihanna Rihanna, of course, could lead the show. At a half hour, Super Bowl Sunday slot would gives the seven artists in this list maybe one song each, with room for Rihanna to headline and perform at least two (or maybe a shorter medley of four). The Barbados-born star has been outspoken about racial inequality, whether that’s offering to play a free concert in Baltimore after Freddie Gray was killed by police, or even in the truly inclusive design of her Fenty Beauty line. Jay-Z Shawn Carter is a long-time supporter of Kaepernick and would be sure to draw eyes (especially if he brought Beyoncé). In 2017, Jay-Z appeared on Saturday Night Live wearing a custom NFL jersey, with a number seven on the front and “COLIN K” on the back. JAY-Z wears a custom Colin Kaepernick jersey during his performance on Saturday Night Live — Sports Illustrated (@SInow) October 1, 2017 Earlier last year, Jay-Z dedicated a song to Kaepernick during a concert at Citi Field in New York, and he reportedly turned down a chance to perform at the Super Bowl. too. (Lyrics from “APES**T”—his hit song with Beyoncé—include the lines: “I said no to the Super Bowl, you need me, I don’t need you.”) Jay-Z also called Kaepernick an “iconic figure” in an interview with CNN this year. John Legend I wrote about why the NFL players' protests are patriotic. — John Legend (@johnlegend) September 24, 2017 John Legend publicized his support for the NFL players’ protests by penning an op-ed for Slate. “The kneeling players are asking America to do better on criminal justice. If I could, I’d take a knee and join them,” Legend wrote. In another show of solidarity, the popular singer songwriter has also been kneeling during his concerts. Stevie Wonder During a performance at the Global Citizens concert in New York last year, Stevie Wonder made it clear where he stood—or knelt. After an impassioned speech against hate and bigotry, Wonder and son Kwame Morris made their move. “Tonight, I’m taking a knee for America,” Wonder said. “But not just one knee—I’m taking both knees.” Pearl Jam American rock band Pearl Jam has never played at the Super Bowl (even though some think they should). Eddie Vedder and the band have also been outspoken about supporting Kaepernick and “everyone’s constitutional right to stand up, sit down, or #takeaknee for equality.” We support @mosesbread72, @Kaepernick7, and everyone's constitutional right to stand up, sit down or #takeaknee for equality. — Pearl Jam (@PearlJam) September 24, 2017 J. Cole J. Cole, a Grammy Award nominee with five number-one albums, has taken to social media to state his support for the NFL players’ approach. He also understands the power of shifting viewers’ eyes away from the NFL. In a Twitter thread last year, Cole pointed out that not watching games NFL would deprive the league of advertising money, and “boycotting sponsors who don’t support the cause” could also make an impact. He has also praised Kaepernick’s resolute stand in interviews. God bless every player that finds courage to kneel today. But the real power comes from you deciding to not watch. — J. Cole (@JColeNC) September 24, 2017 Roger Waters Roger Waters is a founding member of Pink Floyd, is known for speaking out on political issues, and will likely help rev up buzz for an alternate halftime show. In fact, in the first half of 2018 alone, Waters generated $60.7 million in tour earn

3 months ago

Female guitar heroes have long played among us

The realm of guitar gods is not just a man’s world—even if the media has made it seem that way. In Rolling Stone’s most recent list of the “100 Greatest Guitarists,” of all time, there are only two women, and in Guitar World’s compilation of the top 30, there are none. And yet, a new study by guitar maker Fender found that 50% of new players are female. Fender’s report also notes that black and Hispanic players now represent a significant and growing share of new guitarists, but “Women continue to define the emerging guitar market...begging the question, is the future of guitar female?” Earlier this year, LA Magazine also ran a story with the headline “women are saving the electric guitar,” noting that females are boosting sales and hype in an otherwise flailing industry. Gibson, the maker of the classic Les Paul electric guitar, filed for bankruptcy this year after falling revenues and at least $100 million in debt obligations. Fender had to scrap its public offering in 2012, and Guitar Chain, the biggest retailer of music instruments in the world, struggles to restructure $1 billion in debt. The reasons for this vary, from the decline of rock music to the rise of electronic dance music and hip hop. The increasing number of women beginning to play guitar, however, might change that. Fender CEO, Andy Mooney, told Rolling Stone that the study’s findings suggest that the “Taylor Swift effect,” where more girls want to play guitar after seeing the strumming pop star, was more than just a fad. But Fender’s optimistic view of women’s role in the industry’s resurgence shouldn’t be the only reason female guitar legends rock our minds. The likes of Jimi Hendrix, Eric Clapton, and Keith Richards are household names, but female guitar heroes deserve widespread recognition too. Here, we pay our dues. Sister Rosetta Tharpe, the godmother of rock and roll “Rock ‘n’ roll was bred between the church and the nightclubs in the soul of a queer black woman in the 1940s named Sister Rosetta Tharpe,” NPR writes. Rightly recognized in the Rock & Roll Hall of Fame, Tharpe was a trailblazer as a young, gay, black woman making music in a male-dominated industry. She preceded icons like Johnny Cash, Elvis Presley, and Chuck Berry, many of which praised Tharpe for being a major influence. Her fusion of gospel, jazz, blues, and rock, helped define the genre. Joni Mitchell, far beyond folk Standing at number 75 on Rolling Stone’s most recent top 100 list, Joni Mitchell was a respected rhythm-guitar player who had a knack for tuning the instrument any way she wanted. Numerous musicians from different genres, including Prince, Chaka Khan, and Neil Diamond have cited Mitchell as an influence. With hits spanning different genres and featuring both acoustic and electric guitars, Mitchell has been called a more sophisticated musician than Bob Dylan. Her 1971 album, Blue, has been called a turning point in 20th century music, and tops NPR’s list of the greatest albums made by women. Bonnie Raitt, playing Americana blues This 10-time Grammy Award winner is known for her blues and roots music influences, and her hits include ballads such as “I Can’t Make You Love Me,” from 1991. Raitt ranks number 89 on Rolling Stone’s most recent list of top 100 guitarists, and she is one of only two women on the list (the other is Joni Mitchell.) Musician David Crosby, writes for Rolling Stone: “Raitt rolled out a fearsome repertoire of blues licks, fingerpicking with the best and wielding a slide like an old master. Most of all, she set a crucial precedent: When guitar was still considered a man’s game by many, Raitt busted down that barrier through sheer verve and skill.” Joan Jett, still rocking on Joan Jett is best known for founding the Runaways, and later performing as frontwoman for Joan Jett & the Blackhearts. (Jett’s former bandmate, Lita Ford, the lead guitarist of the Runaways, is also an ‘80s rock icon whose expert guitar playing deserves recognition.) A documentary of Jett’s life and career, “Bad Reputation,” premiered at the Sundance Film Festival earlier this year. Jett was featured as one of the world’s 100 greatest artists by Rolling Stone in 2010, and praised for her all-or-nothing style of playing rhythm guitar. Jett is a long-time activist for equality in music, she sure loves rock ‘n’ roll, and is quite formidable when she plays it too. St. Vincent, the new school of rock History might be filled with many legendary female guitarists, but, as Fender’s report shows, that trend will hopefully continue to grow. Women are making some of the best rock music today, including Michelle Zauner of Japanese Breakfast, Lindsey Jordan of Snail Mail, and of course, Annie Clark who plays as St. Vincent. In 2016, Clark designed a custom guitar with Ernie Ball Music Man, which has been a success with both male and female players. But Clark’s work has been recognized before this: She won the 2015 Grammy for Best Alternative Music Album, the first femal

3 months ago

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