Selfkey KEY

$0.0030
Market Cap $ 8.737 MM (#315)
24h Volume $ 1.559 MM
Chg. 24h: 6.30%
Algo. score 3.7/5  (#116)
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Selfkey News

4/4 - Security is still a key principal for #Nebulas. Its no...

4/4 - Security is still a key principal for #Nebulas. Its not only the security of the system; its the security of… https://t.co/uvimGMPjtg

3 hours ago

Pull Request for Precomputed Zerocoin Proofs #839 has just b...

Pull Request for Precomputed Zerocoin Proofs #839 has just been opened on #PIVX GitHub. This is a key component in… https://t.co/mJ8hNhEYmH

12 hours ago

Publicly Traded Company 'Ether Capital' Invests $1 Million in Maker (MKR)

Ether Capital, a Toronto-based public technology company that focuses on the Ethereum ecosystem, recently announced that it has invested $1 million in Maker (MKR), the governance token of the MakerDao project. According to their thesis, “Maker represents a key piece of infrastructure that we expect will drive mainstream growth and adoption. Maker and Dai fit perfectly within our Web 3 thesis and have achieved substantial developer mindshare within the ecosystem.” In total, Ether Capital purchased 2,300 MKR tokens from the Maker Foundation in exchange for 7,374 Ether. (JF)

2 days ago

📢 Challenge: GTA 5 - he struggled with 2 stars, can he get 5...

📢 Challenge: GTA 5 - he struggled with 2 stars, can he get 5 stars?? 💬 Be active in chat for WAX Key drops:… https://t.co/oDb9yeSWIN

3 days ago

Bancor Hackers Transfer 25,433 ETH of the Stolen Loot

The Bancor hackers have transferred some of the stolen Ethereum tokens to another wallet. The loot, stolen on 10th July 2018, was transferred to an unknown wallet. According to Etherscan blockchain explorer reports, the tokens were presumably sent to a mixer or an exchange for disposal. The funds were stolen when a wallet with the Bancor exchange private key was compromised and used by the hacker. None of the funds, which amounted to over $23 million, have been recovered. (KE)

3 days ago

SALT Senior Vice President of Custody and Information System...

SALT Senior Vice President of Custody and Information Systems Josh Berlin offers six key factors you should conside… https://t.co/yh1KIQahPh

4 days ago

Community highlight: "All-in-one summary of NKN's technology...

Community highlight: "All-in-one summary of NKN's technology, business development, economic model, key members and… https://t.co/yw9JY1FbBP

4 days ago

To celebrate the listing of five key #stablecoins on the GBX...

To celebrate the listing of five key #stablecoins on the GBX Digital Asset Exchange, we are offering all users 30 d… https://t.co/h8AtKnufmE

4 days ago

Smathium

Smathium Airdrop is worth 1700 SMT tokens (~$ 10.2) for the first 10.000 participants. About Smathium Smathium is a loyalty blockchain platform aiming to solve the key challenges facing the traditional loyalty programs by gathering and combining all the points with one token system. Would you like to receive the latest free Airdrop Alerts? Join our Telegram or Twitter.

5 days ago

We have another team interviewwww!!! 😍😍😍 Today we're chattin...

We have another team interviewwww!!! 😍😍😍 Today we're chatting with Ben (of Podcast fame) about the SelfKey Marketpl… https://t.co/tZv3SveoKW

6 days ago

Check out everything that’s been going on this month with th...

Check out everything that’s been going on this month with the latest update on #Waves tech, community and key devel… https://t.co/TjOv8NULCH

6 days ago

BitMEX Research Discovers 'Potential Bug' in Synching of Ethereum Parity Full Node

On Wednesday BitMEX research announced that it had discovered a “potential bug” in its Ethereum Parity full node. The bug was uncovered while analyzing data from Nodestats.org, a website tasked with monitoring key metrics on Ethereum nodes. BitMEX researchers began collecting data from the node on March 1 and by March 12 the node still had not fully synched to the Ethereum blockchain. Nodestats shows the client is roughly 450,000 blocks behind and the researchers said it should catch up to the main chain tip after a few days. BitMEX Research identifies the “bug” as the tendency of the Parity node to inaccurately reflect that it is synched when in reality it is hundreds of thousands of blocks behind. BitMEX Research said the possibility of an exploit is remote and unlikely. (RS)

6 days ago

Daily Berminal Brief: SEC Chairman Confirms Ethereum Is Not A Security And New EOS Vulnerability Has Been Discovered

The State of The Market - March 13, 2019 BTC: $3,917.97 (-0.04%) ETH: $133.77 (-0.70%) XRP: $0.317386 (+2.25%) The market continues to trade horizontally, as it gained just $100 Million in the last 24 hours. Once again, Bitcoin went below $3,900, only to recover in a few hours. Most of the top 10 cryptocurrencies have changed by less than 1%. The overall outlook could turn bearish if Bitcoin does not successfully move past this point over the next few days. In other news, Manta's financial regulator, the Malta Financial Services Authority (MFSA) has partnered with CipherTrace to implement crypto intelligence. Its tool called "Compliance Monitoring" can be used to rate the risks of cryptocurrency businesses to protect consumers, investors and business partners. It can also enable MFSA to prevent fraud and flag transactions related to money laundering and terrorism financing. Also, Korea Times recently reported that HSBC is searching for banking partners to assist with launching a blockchain platform called Voltron. The platform will allow companies to process and settle their trading invoices on blockchain and a pilot platform was launched by R3 and eight other banks in October 2018. Joshua Kroeker, HSBC's Innovation Director on Blockchain, said that HSBC is planning a commercial launch of Voltron in the near future and the bank would like to partner with South Korean banks to collaborate, develop the platform and share in costs. 1) After a year-long wait, U.S. Securities and Exchange Commission chairman Jay Clayton has concluded that Ethereum is probably not a security. This change in perspective aligns with Clayton's colleague, SEC Director of Corporation Finance William Hinman. In 2018 Hinman said that Ethereum did not exhibit the properties of a security as he did not see one central group in charge of the cryptocurrency. Congressman Ted Budd recently requested clarification on Clayton's opinion of Hinman's remarks and Cayton said that he agrees "that the analysis of whether a digital asset is offered or sold as a security is not static and does not strictly adhere to the instrument." On March 7 Clayton also wrote that cryptocurrencies can be sold as securities when first launched if the asset meets the definition of an investment contract, but the asset can later be sold and offered to consumers without being classified as an investment. Clayton emphasized that decentralization plays a key role in determining whether a digital asset is a security. 2) Chinese cybersecurity firm SlowMist Technology Co. Ltd. has reported a major vulnerability in the EOS blockchain. EOS is the fifth largest cryptocurrency by market cap and one of the most popular Dapp platforms. The vulnerability called "false top-up" can be exploited to deposit EOS without actually transferring any EOS. It can be used to attack exchanges, wallets, and other crypto services. SlowMist has recommended suspending EOS deposits as soon as possible and double check the process. They've not revealed any specific details yet. However, cryptocurrency exchange OKEx has acknowledged the existence of the bug and assured that their customer assets are still safe. There is no official statement from the EOS foundation yet. EOS is priced at $3.70, gaining 2.78% in the last 24 hours. 3) BlockABC, the development team behind one of the top block explorers on EOS, has officially released the IOSTABC block explorer for the IOST ecosystem. The team is also a participant in the Node Partner Program under the IOSTABC name. This is an important development for the IOST ecosystem, the fourth usable public blockchain with a significant user base. IOST community members now have an intuitive, user-friendly block explorer that allows access IOST data, provides easy access for developers and ultimately lowers barriers to use. (VS)

6 days ago

Bitcoin Price Trapped in Key Make-or-Break Trading Range

Bitcoin is trapped in a key trading range for the 13th week, with a break above the upper edge needed to confirm a longer-term bull reversal.

6 days ago

SEC Chairman Jay Clayton Agrees that Ethereum is not a Security

After a year-long wait, U.S. Securities and Exchange Commission chairman Jay Clayton has concluded that Ethereum is probably not a security. This change in perspective aligns with Clayton’s colleague, SEC Director of Corporation Finance William Hinman. In 2018 Hinman said that Ethereum did not exhibit the properties of a security as he did not see one central group in charge of the cryptocurrency. Congressman Ted Budd recently requested clarification on Clayton’s opinion of Hinman’s remarks and Cayton said that he agrees “that the analysis of whether a digital asset is offered or sold as a security is not static and does not strictly adhere to the instrument.” On March 7 Clayton also wrote that cryptocurrencies can be sold as securities when first launched if the asset meets the definition of an investment contract, but the asset can later be sold and offered to consumers without being classified as an investment. Clayton emphasized that decentralization plays a key role in determining whether a digital asset is a security. (RS)

7 days ago

Litecoin [LTC] & Dash Price Action: Double Divergence Setting Litecoin up for a Drop?

[caption id="attachment_34953" align="alignnone" width="991"] Litecoin Weekly Chart - Source: Tradingview.com[/caption] Litecoin recorded a strong performance last week. The price closed near the weekly highs and price overcame two key levels during price action amid the week. Price started the week overcoming the point of a breakdown in November and overcame the point of a breakdown in...

7 days ago

Trade Nexi

Trade Nexi Airdrop is worth 500 NEXI tokens. Refer friends to earn 100 NEXI tokens per referral, with a maximum of 20 referrals. About Trade Nexi Trade Nexi is a total eCommerce project focused on creating commercially viable on-chain - off-chain linked solutions. Their mission is to bring on-chain and off-chain solutions together in creating more profitable and secured markets. It is a network of the Trade Nexi Market, Trade Nexi Exchange and Trade Nexi Community, with key Dapps being their Xcrow Pay and Honeycomb Xwap smart contracts. The users would be able to trade commodities while being able to immediately swap their tokens to hold their revenues in their most preferred cryptocurrencies. Would you like to receive the latest free Airdrop Alerts? Join our Airdropalert Telegram.

7 days ago

Huobi Wallet launches support for Tron (TRX) dApps

CryptoNinjas As the latest step in its ongoing efforts to support and expand the blockchain asset ecosystem, Huobi Group today announced that its professional multi-chain light wallet, Huobi Wallet, now fully supports Tron (TRX) dApps. “The Tron community is a key demographic for Huobi... Huobi Wallet launches support for Tron (TRX) dApps

7 days ago

Bancor (BNT) Releases New Wallet with Cross-Chain Token Trading

The Bancor (BNT) decentralized liquidity network has announced the launch of its new Bancor Wallet which offers cross-chain token trading between Ethereum and EOS-based tokens. The non-custodial Bancor Wallet is built on top of Bancor’s dApp for trading Ethereum and EOS tokens, BancorX, which utilizes the BNT token to make cross-chain transfers. Another key point of focus for the new wallet was the user experience, which now “resembles that of Coinbase and other popular custodial wallets,” according to a Bancor statement. The BNT token is currently trading at $0.59359. (JF)

8 days ago

Bitcoin In Longest Uptrend of Current Bear Market, But Analysts Expect New Lows

Ever since Bitcoin fell to its most recent local bottom of $3,400 back on February 6, 2019, the leading cryptocurrency by market cap has been in the longest stretch of uptrend since reaching its all-time high of $20,000. But as bullish momentum struggles with key resistance at $3,900, crypto analysts are calling for a break...

8 days ago

60% of Crypto Users are Still Scared to Make a Bitcoin Payment

The Foundation for Interwallet Operability is built on a key principle: for Bitcoin or other crypto assets to succeed, they must be as easy to use as possible. The protocol presents some intriguing possibilities, particularly for merchants and new users. CCN previously spoke to founder David Gold, and we interviewed him again about their recent survey on crypto usability. The findings only...

8 days ago

HELP! PLEASE!! I HAVE BEEN SCAMMED!!

I fell for the link to claim PEOS. Now my owner key has been changed and my account has been stolen!! WHAT CAN I DO????

9 days ago

Bitcoin [BTC] Price Analysis - Price Reached The Resistance Of The Horizontal Channel

The price of BTC/USD reached a high of $4225 on February 24th, before generating bearish divergence in the RSI and the MACD and sharply breaking down. While it initially tried to rebound, that proved unsuccessful and the price made a bottom near $3750. Since then, it has been trading inside a parallel ascending channel, with multiple attempts at a breakout above $4050. This movement has been going on for the past 13 days and 20 hours. The price has generated medium and short-term bearish divergence in both the RSI and the MACD. Also, it is trading above the medium-term moving averages and the Positive Ichimoku Cloud. There are short-term signs that price might want to start a downtrend. Key Highlights: There is major resistance near $4400 and minor resistance near $4000 There are minor support areas near $3800 and $ 3650. The price is trading inside an ascending parallel channel There is medium and short-term bearish divergence. The price is trading above short and medium-term moving averages. Bitcoin Price Analysis - BTC/USD - 2 Hours Chart Chart Source: Tradingview, Bitfinex A look at the 2-hour chart shows us that after briefly trading at $4250, the price dropped sharply through a massive bearish engulfing candle which occurred on significant volume. The drop was preceded by bearish divergence in both the RSI and the MACD. Price enjoyed an ultimately unsuccessful bounce, before ultimately breaking down to the support area near $3800 and starting an upward move. This movement has been going on for 14 days. As for the indicators, the price is trading between the 21 and 50-period MA which have made a bullish cross, finding close support from the 50-period MA. It is also trading inside the $4000 resistance area. Since the March 5 high, there is bearish divergence occurring in the MACD and in its histogram. Furthermore, it has made a bearish cross and is dropping, almost falling into negative. Similarly, the RSI has developed significant bearish divergence since the March 5 high and is currently trading at 51/ BTC/USD - Price Analysis - 30 Minutes Chart Chart Source: Tradingview, Bitfinex A look at the 30-minutes chart shows that after the drop, price bottomed at $3780 and created a support area near it. Since the bottom, it created an ascending support line which was validated again by a wick drop on March 9. It has several unsuccessful attempts at breaking out above $4050, and has traded in an ascending horizontal channels. As for the indicators, the RSI and the MACD have both created bearish divergence since the March 5 high. This divergence has occurred at the six highs reached by the price. The bearish divergence has also occurred on the MACD, which is into negative territory.The divergence has continued for four days, reaching very significant levels. Also, the price is trading below the 21 and 50-period moving averages which have made a bullish cross. The post Bitcoin [BTC] Price Analysis - Price Reached The Resistance Of The Horizontal Channel appeared first on Coingape.

9 days ago

This week in Crypto: Fidelity Starts Rolling out Crypto Services to Institutional Investors, Starbucks to Accept Bitcoin Payments in 2019, eToro Considers Adopting xRapid and more

The cryptocurrency industry is seeing what can be described as significant growth. First, Bitcoin price is steadily rising which is a good indication for the industry. Second, institutions are developing interest in the industry and many have started investing already. This is a significant addition that is expected to drive the ultimate increase that the industry needs to gain mainstream adoption. As usual, we have selected the best stories and summarised them for you to easily go through the top happenings in the industry in the last week. Bakkt Strikes Deal with Starbucks to Accept Bitcoin Payments in 2019 We all know about Bakkt, the institutional trading platform to be launched by Intercontinental Exchange (ICE). Well, the company has given leading coffee company Starbucks, a significant share of its equity in exchange for a deal to accept Bitcoin payments for their services in 2019. While it is uncertain when Bakkt will be launched, this deal with Starbucks is a good indication that the launch will be within the year. The cryptocurrency community has been very pleased with this development which is expected to contribute significantly towards bringing Bitcoin and other cryptocurrencies into mainstream adoption. Trader Suggests A High Of $336,000 In The Next Rally Bitcoin has experienced a low but steady increase in price and many analysts and experts have predicted a better future for the asset. A trader has predicted a price of $336,000 for Bitcoin in the coming rally that many have predicted will come. The trader believes this is possible because Bitcoin has surged many times over after every dip. This indeed is a good sign of resilience that shows Bitcoin will stand through the bear market and soar at the end. Lightning Network Growing as Bitcoin Rallies Because of the growing strength of Bitcoin and its price rally, Lightning, the Bitcoin Layer 2 payment protocol is also seeing significant growth with the number of nodes on the network. So far, the network has 15,000 tips sent, 14,000 sign ups, 4,000 browser extensions installed, 559 channels connected to it, $30,000+ of potential transaction capacity added to those channels and counting. The progress may have been due to the ongoing LN Torch exercise that has been ongoing for some time now and key figures like Twitter CEO Jack Dorsey have played significant roles in promoting Lightning adoption as well. Tron and Binance Controversial Stablecoin Tether (USDT) to Launch on Tron Blockchain Famous stablecoin Tether (USDT) was launched on the Tron blockchain during the week. The launch according to Tether Chief Executive Officer of Tether Jean-Louis der Velde is a step to further innovation to meet the needs of clients in the cryptocurrency industry. Tether on Tron will enable interoperability with TRON-based protocols and Decentralised Applications (DApps) as well as allow users to transact with the dollar-pegged stablecoin on the Tron network. Tether already exists on Bitcoin and Ethereum blockchain and Tron will be the third project that brings USDT to its users. Justin Sun calls Binance Coin (BNB) the New Bitcoin as the Coin gains Traction Binance Coin (BNB) which recently entered the cryptocurrency market is making significant progress, making a mark as a top aset on the cryptocurrency market. As a result, Tron CEO Justin Sun described the asset as the new Bitcoin. BNB is said to offer some advantages to its users that make it stand out among its peers and is now getting wide recognition as a valuable asset. Another development that is expected to greatly improve BNB’s status is the coming launch of the Binance Decentralized Exchange. With this, BNB may indeed become the new Bitcoin. Ripple (XRP) Mercury-FX Sends Historic Cross-Border Payment with Ripple’s xRapid Ripple’s cross-border payment tool xRapid is going places long after its launch in 2018. Just within the week, global currency exchange company Mercury-FX made the first commercial cross-border payment to the Philippines using xRapid. This is a well deserved development for Ripple as its payment services using xRapid is second to none in the blockchain industry. The near instant payment system has been a good alternative to traditional systems that take significantly longer time and cost more, offering a fitting system for the technologically driven world of today. XRP is Not a Security, Binance CEO Changpeng Zhao Affirms Ripple has faced a lot of criticism in the cryptocurrency space concerning several things it is not doing right. One of the major disputes has been the allegation that XRP is not a real cryptocurrency but is rather a security. To this, Binance CEO Changpeng Zhao has said XRP is not a security. Changpeng said just because their is a lawsuit against the asset doesn’t make it a security until it is proven to be one. He proudly affirms that Binance has listed the said asset and has encouraged other exchanges to list it as well, one of which is Coinbase which has been c

9 days ago

Cardano (ADA) Remains Bullish And Overtakes Bitcoin SV As Market Sees Slight Price Slip

As we reported, ADA was bound to start putting up some significant numbers, with key developments taking place. At the time of press, the coin is already proving itself different by posting significant gains in what is largely a bearish market. At the time of press, ADA is up by close to 3% and trading for $0.045523. This is significant as it sees the coin extend its gains following yesterday’s rally that saw prices spike for the coin and hit as high as $0.046. Although the rally was met by a price correction seeing the coin fall back to $0.044 by the early hours of today. The upward trend being set now could see the coin retest the $0.046 position again, quite possibly establishing a higher resistance level and support position. For the wider market, most coins are recording drops of 0.30% to 4%, seeing the total market cap come at a risk of dropping below $134 billion. Led by Bitcoin, yesterday saw many of the major coins spike in prices. For Bitcoin, despite rallying as high as $3,981, the coin was unable to break through and hit $4,000. After encountering resistance around $3,980, the coin slipped back and is currently trading around the $3,940 position. Despite this drop, which is largely a correction of yesterday’s short-lived gains, there remains a positive outlook over the coming days for the market. ADA Overtakes Bitcoin SV In Market Cap Due to the bullish move from ADA since the start of the weekend, the coin has now successfully climbed up to take the eleventh position in the crypto market. ADA which was following closely behind Bitcoin SV has now overtaken it. However, it has done so by a small margin of less than $7 million at the time of press. This recent move has been aided by the fact that Bitcoin SV has turned bearish and is currently bleeding. If ADA continues to rally as it is, it could extend this lead and ensure a more permanent stay. In its ambition to get back in the top ten, this will need a little more doing since it remains close to $400 million short of the ranked tenth, Tron. Such a move would have to be aided by a strong move by the bulls most likely inspired by the anticipated Shelley phase launch. The post Cardano (ADA) Remains Bullish And Overtakes Bitcoin SV As Market Sees Slight Price Slip appeared first on ZyCrypto.

9 days ago

In the Daily: Colorado Digital Token Act, ITI Funds Crypto Index, Fortress Blockchain

In this edition of The Daily we cover new legislation that could make Colorado more attractive to digital businesses and token issuers, the launch of a new cryptocurrency index fund, and the latest miner to succumb to crypto winter. Also Read: UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency Colorado Digital Token Act The governor of the U.S. state of Colorado has signed the crypto-friendly “Digital Token Act” into law. The act, which was was introduced in January, is a major step towards creating a hospitable regulatory environment for the digital assets industry to establish itself in Colorado. This is because it extends certain exemptions from state securities laws for cryptocurrencies, making businesses less hampered by antiquated rules. Explaining the rationale for the exemptions, the document notes that Colorado has become a hub for companies and entrepreneurs that seek to utilize “cryptoeconomic systems” to power their business models. The costs and complexities of state securities registration can outweigh the benefits to Colorado businesses seeking to raise capital and create new platforms within the digital economy. This act will take effect following the expiration of a 90-day period after final adjournment of the Colorado General Assembly, the state’s legislature, expected to occur on August 2, 2019. Exciting day for #blockchain technology. @GovofCO @jaredpolis signed the #Digital Token Act today with key legislators, Attorney General @pweiser, and #Colorado cabinet members Patty Salazar with @DORAColorado, @BetsyMarkey with OEDIT, and @TheresaSzczurek of @OITColorado. pic.twitter.com/erOEloEdpy — TheresaSzczurek (@TheresaSzczurek) March 7, 2019 ITI Funds Crypto Index Investment management platform ITI Funds has launched its own Crypto Index Fund based on an index administered by MV Index Solutions (MVIS). The new fund aims to give institutional investors diversified access to the crypto market, through exposure to selected assets among the 30 most capitalized cryptocurrencies including BTC, ETH, XRP, BCH, and LTC. To be included in the index, assets must be traded on licensed exchanges with proper liquidity and available for insured cold storage. Capping each asset at 15 percent on a quarterly basis is meant to keep the index suitably diversified. Fortress Blockchain Succumbs to Crypto Winter Fortress Blockchain, a Vancouver-based company listed on the TSX Venture Exchange, has exited the cryptocurrency mining business. The company has announced it’s deactivated all mining hardware located at its Grant County facility on March 5, 2019. Fortress’ management has determined that the marginal profitability of cryptocurrency mining and the risk of further decline, “along with increased regulatory costs and oversight,” does not justify continued operations. Fortress still has over CAD $10 million left under its control and plans to re-establish itself in a yet to be determined business sector. Additionally, management is now looking for the most effective way to sell the mining equipment to recoup some of its investment and losses. It is anticipated that the company will soon change its name in order to no longer be associated with the term blockchain. 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 Bitcoin.com. The post In the Daily: Colorado Digital Token Act, ITI Funds Crypto Index, Fortress Blockchain appeared first on Bitcoin News.

9 days ago

Winklevoss’s Twin Conviction Towards Bitcoin Becomes Stronger Than Ever

Billionaire Bitcoin Investors and founders of Gemini Trust, Tyler and Cameron Winklevoss, recently addressed the on-going issues related to ‘protection of cryptocurrency wallets’ and ‘delayed regulations.’ ‘Carcasses on the road of Crypto’ The security, feasibility of access and regulatory approval around an asset class, determines the FUD (Fear, Uncertainty, and doubt) characteristics around the pattern. Bitcoin was conceived to address the problem of centralized banking which holds controls over the funds of their customers. However, ever since the Mt. Gox hacks in2011, it became apparent that the exchange which holds the private key for their customers are no different than the banks which act as custodians of their user’s funds. Recently, eight years after the hack, and numerous frauds and Ponzi schemes the demons of centralized exchange have come to surface with the QuadrigaCX issue. The sudden death of the CEO of the Canadian Exchange, who was the sole holder of the private keys of the exchange’s cold wallet has unfortunately locked the funds of thousands of users. The total amount of the funds secured in cold wallets is approx $190 million. “There are a lot of carcasses on the road of crypto that we’ve seen and learned from,” Cameron Winklevoss said Friday at the South by Southwest conference in Austin, Texas. “At the end of the day it’s really a trust problem. You need some kind of regulation to promote positive outcomes.” “With a #crypto address and a smartphone, all of a sudden you are in the system. We are really just trying to extend the financial system, so you can send dollars anywhere in the world.” Our President Cameron @winklevoss on reaching the 1 billion people who unbanked #SXSW2019 https://t.co/VZk9fxwayQ — Gemini (@Gemini) March 9, 2019 Not Deterred from their Original Goal Winklevoss Twins support cryptocurrency and eventually found the Gemini Trust to provide an efficient payment system to the 1 billion ‘non-banked’ people of the world. “With a crypto address and a smartphone, all of a sudden you are in the system,” he said. “We are really just trying to extend the financial system, so you can send dollars anywhere in the world.” However, the systems around the blockchain and cryptocurrencies which are the end providers of access to Blockchain including Bitcoin must be diligently designed to address unforeseen circumstances as well. The community has suggested that multi-signature wallets and personalized education around public and private keys is the best way to go. The twins also reaffirmed their conviction towards the revolutionary economic system, “You want to have a couple of layers of checks and balances,” Tyler Winklevoss said. “We are here for the long haul.” The post Winklevoss’s Twin Conviction Towards Bitcoin Becomes Stronger Than Ever appeared first on Coingape.

9 days ago

Stellar’s Lumens [XLM] & Ripple’s XRP Price Action - XLM Rises Above Ascending Triangle

XLM Daily Chart XLM continues to outperform despite most top cryptocurrencies falling. Data from Messari shows XLM increasing 5.21% over the past 24 hours whereas all other top cryptocurrencies are recording losses over this same time period. A key factor playing into XLM’s outperformance is likely to be the ascending triangle pattern which has been forming for the past five weeks. An ascending triangle pattern is a bullish trend continuation pattern that forms when price forms a series of higher lows and also a resistance level. XLM has been forming higher lows for the past five weeks and was also meeting resistance at $0.092. Today’s price action has resulted in price rising above the resistance level, but there is the possibility it may drop back below before the daily candle closes. XLM Hourly Chart The hourly chart shows price initially reversing since rising above the resistance level. It may now be a case of resistance turned support as the price seems to be finding buying pressure at the point of former resistance. XRP Weekly Chart XRP has almost closed another week of consolidation. XRP has been consolidating near $0.313 for the past two months. Each of the last eight weekly candles has either formed a Doji candle or have formed with a small body. A Doji candle is a candle where the open and the close are around the same point and reflects uncertainty from traders. Price has dropped to support at $0.295 on several occasions and even below but has failed to close below on the weekly candle which would be a bearish signal. The weekly RSI and MACD have also been trading mostly flat reflecting the consolidation. Price has been forming both a series of higher lows and lower highs as it continues to consolidate near this level forming a triangle pattern. With the downward trendline of the triangle pattern being far steeper, the pattern closely resembles a descending triangle pattern which is a bearish trend continuation pattern. XRP Daily Chart Below price is the $0.295 support level. Any drops below this level have found buyer liquidity at $0.277. Above price is resistance at $0.33 which price has failed to overcome several times in trading over the past month. Key Takeaways: XLM outperforms as price rises above an ascending triangle pattern it had been forming. All other top cryptocurrencies apart from XLM are recording losses over the past 24 hours. XRP continues to consolidate around $0.33 and forms a triangle pattern. The triangle pattern closely resembles a descending triangle pattern which is a bearish trend continuation pattern given more odds of XRP breaking down from here. Other key levels to monitor for XRP are $0.295 and $0.277 as support and $0.33 as resistance. Stellar’s Lumens [XLM] & Ripple’s XRP Price Action - XLM Rises Above Ascending Triangle was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

9 days ago

Stellar’s Lumens [XLM] & Ripple’s XRP Price Action – XLM Rises Above Ascending Triangle

[caption id="attachment_34757" align="alignnone" width="990"] XLM Daily Chart[/caption] XLM continues to outperform despite most top cryptocurrencies falling. Data from Messari shows XLM increasing 5.21% over the past 24 hours whereas all other top cryptocurrencies are recording losses over this same time period. A key factor playing into XLM's outperformance is likely to be the ascending...

9 days ago

Pro-Bitcoin Colorado Governor Signs Cryptocurrency-Friendly Bill

Jared Polis, the Governor of Colorado, has signed a cryptocurrency-friendly bill exempting digital tokens from state securities laws — if their primary purpose is as a “consumptive.” Colorado Digital Token Act In November, Bitcoinist reported that US Representative Jared Polis, who is a known cryptocurrency and blockchain advocate, became Colorado’s Governor. On March 6, Theresa Szczurek said that Polis has signed Colorado’s Digital Token Act. The act is supposed to enter into effect on Aug 2, 2019, and it aims to cement the state’s position as a “hub for companies and entrepreneurs that seek to utilize cryptoeconomic systems to power blockchain technology-based business models.” The bill outlines the uncertainties companies face when buying, selling, and even issuing their own cryptocurrencies. It also exempts certain digital tokens from state securities regulations. Exciting day for #blockchain technology. @GovofCO @jaredpolis signed the #Digital Token Act today with key legislators, Attorney General @pweiser, and #Colorado cabinet members Patty Salazar with @DORAColorado, @BetsyMarkey with OEDIT, and @TheresaSzczurek of @OITColorado. pic.twitter.com/erOEloEdpy — TheresaSzczurek (@TheresaSzczurek) March 7, 2019 Exemptions Based on Purpose Colorado’s Digital Token Act will effectively exempt cryptocurrencies from state securities laws if “the primary purpose of the digital token is a consumptive purpose.” Additionally, the law is clearly addressing the ICO fundraising model. It stipulates that tokens issued through a crowdfunding campaign of the kind will be exempt from securities regulations if: The issuer of the digital token markets the digital token to be used for a consumptive purpose and does not market the digital token to be used for a speculative or investment purpose. Therefore, digital tokens will be subjected to securities regulations if they are used for “speculative or investment purposes.” The law also outlines how exemptions will be granted. Per the document, each issuer of a digital token shall file a notice of intent with the securities commissioner before he can qualify for an exemption. What do you think about Colorado’s Digital Token Act? Do you think regulation is needed for cryptocurrencies to recover and thrive? Don’t hesitate to let us know in the comments below! Images courtesy of Twitter, Shutterstock. The post Pro-Bitcoin Colorado Governor Signs Cryptocurrency-Friendly Bill appeared first on Bitcoinist.com.

9 days ago

Marshall Islands Rejects IMF Concerns to Launch ‘Sovereign’ (SOV) Digital Currency as Legal Tender

The Sovereign (SOV) digital currency looks set to become the first decentralized national digital currency. It could be used in the Marshall Islands on an equal footing with the US dollar. Such cryptocurrency as legal tender, even in a small state, is a larger step on the path to crypto-adoption. Island State Passes Bill to Create SOV Despite IMF Objections The Marshall Islands says it’s the first country ever to accept a cryptocurrency as national legal tender. It passed a key bill this week for SOV’s creation. According to reports by the publication Haaretz the plans had been hotly debated The post Marshall Islands Rejects IMF Concerns to Launch ‘Sovereign’ (SOV) Digital Currency as Legal Tender appeared first on CCN

10 days ago

Bitcointopia Founder Admits Selling Government-Owned Land to Bitcoiners

The founder of a scheme called Bitcointopia to sell land in the U.S. state of Nevada to bitcoiners has admitted in a federal court that some land was not his to sell. Previously arrested for selling BTC to an undercover agent through Localbitcoins, he also pleaded guilty to running an unlicensed money transmitting business. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Bitcointopia Founder Admits Fraud Morgan Rockcoons, a former Localbitcoins trader who was previously arrested for selling BTC to a U.S. federal agent, has reportedly pleaded guilty to perpetrating a scam selling land that he does not own. The scheme, known as Bitcointopia, involved the sale of plots of land in the Nevada desert where Rockcoons advertised a vision of libertarians living together using only cryptocurrencies and observing as few laws as possible. The Los Angeles Times reported that Rockcoons pleaded guilty to several charges on Thursday in San Diego federal court, elaborating: He sold land he never owned to investors. Elko, Nevada Unlicensed Money Transmitter Rockcoons, aka Morgan Rockwell and Metaballo, also pleaded guilty Thursday to operating an unlicensed money transmitting business, the Los Angeles Times also reported. On Feb. 9 last year, he was arrested for selling over $10,000 worth of BTC to an undercover U.S. Homeland Security Investigations agent. Under federal law, bitcoin exchanges must be registered as money transmitting businesses with the Financial Crimes Enforcement Network. They must conduct KYC and “report any transactions over $10,000 to the government,” the news outlet emphasized, adding that Rockcoons faces up to 20 years in prison on the wire fraud charge and up to five years on the money transmitting charge. The Bitcointopia Scheme While out on bail from his arrest for selling BTC to a federal agent, Rockcoons launched a real estate venture known as Bitcointopia. He advertised parcels of land in Nevada’s Elko County, selling 500- to 1,000-acre plots of undeveloped land for 0.5 BTC per acre. He promised to “build a city of the future around cryptocurrency, automation and technology. He was inspired by Walt Disney’s Tomorrowland,” the Los Angeles Times described. In a blog post he made last May to promote the scheme, Rockcoons declared that “The long term goal is to establish an organization and government that can reach out from this land all the way to the Kuiper belt & eventually the Oort Cloud.” On Nov. 13 last year, he tweeted that he had been arrested again and asked bitcoiners to support him by showing up to his January court hearing. His Thursday’s plea agreement, which came about a month before his trial was to start, reveals that at least 10 investors bought land from him incurring a loss of at least $45,600, the news outlet noted, adding: Rockcoons owned less than 5 acres on two noncontiguous plots, prosecutors said. Much of the land in the area is actually owned by the federal government. What do you think of this case? Let us know in the comments section below. Images courtesy of Shutterstock and Elko Convention and Visitors Authority. Need to calculate your bitcoin holdings? Check our tools section. The post Bitcointopia Founder Admits Selling Government-Owned Land to Bitcoiners appeared first on Bitcoin News.

10 days ago

‘Bitcointopia’ Founder Admits Selling Government-Owned Land to Bitcoiners

The founder of a scheme called Bitcointopia to sell land in the U.S. state of Nevada to bitcoiners has admitted in a federal court that some land was not his to sell. Previously arrested for selling BTC to an undercover agent through Localbitcoins, he also pleaded guilty to running an unlicensed money transmitting business. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Bitcointopia Founder Admits Fraud Morgan Rockcoons, a former Localbitcoins trader who was previously arrested for selling BTC to a U.S. federal agent, has reportedly pleaded guilty to perpetrating a scam selling land that he does not own. The scheme, known as Bitcointopia, involved the sale of plots of land in the Nevada desert where Rockcoons advertised a vision of libertarians living together using only cryptocurrencies and observing as few laws as possible. The Los Angeles Times reported that Rockcoons pleaded guilty to several charges on Thursday in San Diego federal court, elaborating: He sold land he never owned to investors. Elko, Nevada Unlicensed Money Transmitter Rockcoons, aka Morgan Rockwell and Metaballo, also pleaded guilty Thursday to operating an unlicensed money transmitting business, the Los Angeles Times also reported. On Feb. 9 last year, he was arrested for selling over $10,000 worth of BTC to an undercover U.S. Homeland Security Investigations agent. Under federal law, bitcoin exchanges must be registered as money transmitting businesses with the Financial Crimes Enforcement Network. They must conduct KYC and “report any transactions over $10,000 to the government,” the news outlet emphasized, adding that Rockcoons faces up to 20 years in prison on the wire fraud charge and up to five years on the money transmitting charge. The Bitcointopia Scheme While out on bail from his arrest for selling BTC to a federal agent, Rockcoons launched a real estate venture known as Bitcointopia. He advertised parcels of land in Nevada’s Elko County, selling 500- to 1,000-acre plots of undeveloped land for 0.5 BTC per acre. He promised to “build a city of the future around cryptocurrency, automation and technology. He was inspired by Walt Disney’s Tomorrowland,” the Los Angeles Times described. In a blog post he made last May to promote the scheme, Rockcoons declared that “The long term goal is to establish an organization and government that can reach out from this land all the way to the Kuiper belt & eventually the Oort Cloud.” On Nov. 13 last year, he tweeted that he had been arrested again and asked bitcoiners to support him by showing up to his January court hearing. His Thursday’s plea agreement, which came about a month before his trial was to start, reveals that at least 10 investors bought land from him incurring a loss of at least $45,600, the news outlet noted, adding: Rockcoons owned less than 5 acres on two noncontiguous plots, prosecutors said. Much of the land in the area is actually owned by the federal government. What do you think of this case? Let us know in the comments section below. Images courtesy of Shutterstock and Elko Convention and Visitors Authority. Need to calculate your bitcoin holdings? Check our tools section. The post ‘Bitcointopia’ Founder Admits Selling Government-Owned Land to Bitcoiners appeared first on Bitcoin News.

10 days ago

Should You Invest In Bitcoin At This Time?

Choosing where to invest your money can be a daunting task with each opportunity offering different returns and risks. Since the birth of Bitcoin, there are a lot of investors who have placed their money in the cryptocurrency. However, this type of investment is not for everyone, and you need to carefully consider if this is the right option for your financial needs. Consider The Risks When you look at any investment, you have to consider the risks and your risk appetite. There are some investments which are considered low-risk while others are considered high-risk. Bitcoin will fall into the latter category because of the extreme volatility of the Bitcoin market. Within the span of a few minutes, the market can swing from one extreme to the other. This means that your Bitcoin investment could be making you money one minute and losing you money the next. There is also no way to accurately determine the movement of the market, which is something that can be done to a certain extent with stocks. Investing in Bitcoin should be left to people with a high-risk tolerance. If you need your investments to provide you with a solid ROI, you should avoid this market. The volatility and risks will add stress to your life, and you will never know if you are going to make a profit or loss on the investment. Know The Security Risks When you invest your money in stocks or place it in a bank, you have a level of security you cannot get with Bitcoin. This is due to the decentralized market the coins are traded on. If you make a mistake on the market, there are no insurance policies that you can tap into to return your funds. If you are new to Bitcoin and cryptocurrency in general, you may run the risk of sending your coins to the wrong wallet. The wallet is what you store your investment in and will have a long key that you need to use when sending to and from it. If you send the coins to the wrong wallet, it is going to be almost impossible to find the owner and get your coins back. There are other security concerns to look at such as the potential of your investment being hacked. While this is generally considered to be more frequent with Bitcoin, it is something that could happen with any investment. If you take the correct measures with your investment, you will be able to mitigate this concern to a large degree. While Bitcoin does carry some security risks, this does not mean that you should not invest. If you double check what you are doing on the market and when you send your coins to your wallet, you should have no problems. Investing in Bitcoin can be very tempting because of the significant returns that some people make on this market. However, you will need to have high-risk tolerance and ensure that you know what to do on the market and with your wallet. Author Bio: Jeffrey Ito, investor, entrepreneur, producer and former graduate of USC, is the founder of smartbitcoininvestments.com. Jeff enjoys helping people gain an edge with 21st Century break-through technologies. His ultimate vision is to create optimized technology systems that help improve the lives of other people. The post Should You Invest In Bitcoin At This Time? appeared first on ZyCrypto.

10 days ago

Putin’s Order: Russia to Adopt Crypto Regulation by July

Russia’s President Vladimir Putin has instructed his country’s government to adopt federal laws relating to cryptocurrency by July this year. Russia has earlier broadened the definition of “digital financial assets” to include cryptocurrencies. Putin’s latest order resembles one he made regarding crypto regulation last year. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin

10 days ago

Is Ethereum’s Blockchain Suffering from Multiple Technical Issues? Latest Study Claims Yes - Bitcoin Exchange Guide

As per an all new report released in relation to the Ethereum project, the premier currency’s ecosystem is currently facing four major technical risks that could adversely affect its network in the long run. 1. Blockchain Size: It goes without saying that the size of a project’s blockchain is one of the key defining factors

10 days ago

Ethereum Price Weekly Analysis: ETH Preparing For Larger Breakout

ETH price continues to face a strong resistance just below the $140 level against the US Dollar. The price dipped sharply recently, but it recovered above the $134 support level. There is a key bullish trend line forming with support at $132 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains supported on dips and it could still break the $140 resistance area in the near term. Ethereum price is facing many hurdles versus the US Dollar and Bitcoin. ETH/USD’s recent decline was brought back and it seems like buyers could be preparing for a larger rally. Ethereum Price Analysis This past week, there were mostly swing moves within a range below the $140 resistance in ETH price against the US Dollar. The ETH/USD pair made many attempts to clear the $140 resistance area, but it failed to gain pace. Recently, there was a sharp bearish reaction below the $134 support level. The price declined heavily and broke the $132 support along with the 100 simple moving average (4-hours). However, the price found a strong support near the $130 level and later bounced back sharply. It climbed above the $134 support and the 100 simple moving average (4-hours). It even traded above the $136 level, but sellers protected the $138 level. The price is currently ranging below the $138 and $140 resistance levels. It broke the 23.6% Fib retracement level of the last wave from the $130 low to $138 high. However, there are many supports near the $134 level and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support at $132 on the 4-hours chart of ETH/USD. The 50% Fib retracement level of the last wave from the $130 low to $138 high is also near the $134 level to act as a solid support. Therefore, there are many supports near the $134 and $132 levels. On the upside, the price has to clear the $138 and $140 resistance levels to climb further higher. The above chart indicates that ETH price is placed nicely above the $132 and $134 supports levels. Having said that, a break above the $140 barrier won’t be easy. If buyers remain in action for a long time, they could sight a larger rally above the $140 resistance. In the mentioned case, the price may surge above the $145 and $150 resistance levels in the coming days. Technical Indicators 4 hours MACD - The MACD for ETH/USD is about to move back in the bullish zone. 4 hours RSI - The RSI for ETH/USD is currently flat, but it is placed nicely above the 50 level. Major Support Level - $132 Major Resistance Level - $140 The post Ethereum Price Weekly Analysis: ETH Preparing For Larger Breakout appeared first on NewsBTC.

10 days ago

Report: Facebook's Digital Currency is Yawncoin; Not a Blow to BTC

A recent report by the New York Times unveiled that Facebook is working secretly to develop a digital currency. According to Wes Messamore, an author at CCN, Facebook's cryptocurrency will not affect Bitcoin. He believes that Facebook's digital currency will be more like the JPM Coin, and won't cause any harm to Bitcoin. He added that the coin does not seek to succeed where BTC failed because BTC has achieved a lot. Per Wes, BTC is the most significant representation of public key cryptography in history. He further cited that the general public would not trust Facebook with money. (KE)

10 days ago

AUSTRAC Suspends Licenses of Two Australian Crypto Exchanges

The Australian Transaction Reports and Analysis Centre (Austrac) has suspended the license to operate for two crypto exchanges in the country following raids conducted by the Australian Federal Police in Melbourne. The raids led to the arrest of a 27-year-old individual that is key to the operation of both exchanges. The individual in question is alleged to have “played a key role in directing the operations of the criminal syndicate, which used various darknet sites, bitcoin accounts and legitimate business for the sourcing, payment, and distribution of the illicit drugs.” (JF)

10 days ago

Dash (DASH) Releases 'Trust Protector' Software to Improve Decentralization

Nathan Marley, Dash Core Deputy CTO, recently released the Dash Trust Protector election software he developed, a full voting system comprised of Vote Collector API, a front end website, and Vote Verification and Tally for gathering votes and electing Dash Trust Protectors. The new software was created as part of the Dash teams drive to implement complete decentralization in the Dash Autonomous Organization. The new software introduces a MasterNode collateral key for signing and verifying messages to provide voting access to each Master Node holder. (JF)

10 days ago

Best Cryptocurrencies To Invest In For Beginners

Which is the best cryptocurrency to begin with? A question most of us had asked. But, worry no more, we got your back. All those experts nowadays had asked the same question. Proper research, keywords, right people to ask, those are what you need. Cryptocurrency is digital money which can be used for your online transactions, purchase, and transfer of funds for either business or personal transactions. There are so many out there in the market, different cryptocurrencies from all around the globe that you can choose from. You just need to know what you are investing in. Not everyone who took chances with cryptocurrency got lucky, but not everyone failed. Most are actually successful and are wise enough to stay that way. This 2019, more cryptocurrencies are being created and developed, more usage, and more stores are accepting them for transactions, be it online, or at the physical stores. The strongest that can be recommended is Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH). Invest time for your coins, and don’t get tired of reading and researching about it. Cryptocurrency requires a lot of learning of how these numbers work, do not be overwhelmed. Start with Bitcoin (BTC), Ripple (XRP), and Ethereum (ETH). They have been on top of the list for the last years, plus, they are being utilized worldwide. Reviews are rampant on the web, a better understanding, of course, is advised. Bitcoin (BTC) has been consistently being on top. A coin that was designed by a certain Satoshi Nakamoto (a pseudo name) in October 2008 - titled as Bitcoin: A Peer-to-Peer Electronic Cash System Ripple (XRP) - another name for it is Ripple transaction protocol (RTXP). It was launched by Ryan Fugger in 2004, a Web developer in Vancouver, B.C., Canada. Ethereum (ETH) - the system surfaced on 30 July 2015, made possible by Vitalik Buterin. It is a kind of decentralized money, means there is no company, government or bank controlling it. One key to being successful is choosing the right exchange and wallet that supports them, better if those two are supported at the same time. But then again, the rule of thumb: only invest what you can lose. Not your savings, not your entire paycheck. You don’t want to regret in the end, right? Make sure also to have the time to monitor your coins. Don’t get frustrated if things don’t go your way, funny but coins can be treated as pets, too. They might not have a life, but they do have moods. One day, it is up, one day it is down, you must learn to know how to “pet” them, play with it. Author Bio: Roselle Nicolas Guillermo is a content writer at Cryptoversal.com. Her articles are mostly guides and feature pieces on all things related to cryptocurrencies, such as blockchain technology and smart contracts. The post Best Cryptocurrencies To Invest In For Beginners appeared first on ZyCrypto.

10 days ago

Litecoin [LTC] Price Analysis: When Will Price Make a Top?

The price of Litecoin reached a high of $52, on February 8 and has continued to make higher highs since, culminating in $59 on March 8. Furthermore, the price is trading inside an ascending parallel channel. The resistance line is currently at $60 while the support line is at $49. There is also a minor support area near $55. The price has generated some bearish divergence in the RSI and the MACD, but is trading above medium-term moving averages. Key Highlights There is significant support at $49 There is minor support at $55 There is significant resistance at $60. Price is trading inside an ascending horizontal channel. There is medium-term bearish divergence developing. Litecoin Analysis - LTC/USD - 2-Hours Chart Chart Source: Tradingview, Bitfinex A look at the 2-hour chart shows that the price is currently trading close to $60, very close the resistance line that has been in place for the past 30 days and has been validated five times. Also, the price has been following an ascending support line which has likewise been validated five times. As for the indicators, the price is trading below the 21 and 50-period moving averages which have made a bullish cross and are offering support to price. The RSI is currently at 70, indicating overbought conditions. There is some bearish divergence currently developing. The MACD has lost almost all of its power and is currently in the process of making a bearish cross. There is some bearish divergence developing in it also. Litecoin Analysis - LTC/USD - 30-Minutes Chart Chart Source: Tradingview Bitfinex A look at the 30-minutes chart shows that the price has been trading between $55 and $61 for the past three days and five hours. The $55 level acts as a minor support area. We can see that the candles which reached $61 have long upper wicks, indicating that sellers currently have control of the market. As for the indicators, we can see that both the RSI and the MACD made a high on Mar 5, and have continued moving lower since. However, the price has made higher highs creating bearish divergence. However, the MACD is not negative yet. The post Litecoin [LTC] Price Analysis: When Will Price Make a Top? appeared first on Coingape.

10 days ago

📬 Our newsletter was sent out yesterday! Get a wrap-up of th...

📬 Our newsletter was sent out yesterday! Get a wrap-up of the key #OriginTrail $TRAC announcements twice a month -… https://t.co/HVJym5sD0Q

10 days ago

Bitcoin [BTC] Price Analysis: The Price is Trading Inside A Parallel Ascending Channel?

The price of BTC/USD touched $4225 on February 24th, before generating bearish divergence in the RSI and the MACD and sharply breaking down. While it initially tried to rebound, that proved unsuccessful and the price made a bottom near $3700. Since then, it has been trading inside a parallel ascending channel, with multiple attempts at a breakout above $4000. While it has traded above that level for short periods of time, no candle close has been reached yet. The price has generated medium and short-term bearish divergence in both the RSI and the MACD. Also, it is trading above the medium-term moving averages. Key Highlights: There is major resistance near $4400 and minor resistance near $4000 There are minor support areas near $3800 and $ 3650. The price is trading inside an ascending parallel channel There is medium and short-term bearish divergence. The price is trading above short and medium-term moving averages. Bitcoin Price Analysis - BTC/USD - 2 Hours Chart Chart Source: Tradingview, Bitfinex A look at the 2-hour chart shows us that after briefly trading at $4250, the price dropped sharply through a massive bearish engulfing candle which occurred on significant volume. The drop was preceded by bearish divergence in both the RSI and the MACD. Price enjoyed an ultimately unsuccessful bounce, before ultimately breaking down to the support area near $3800. For the past 14 days, it has been trading inside a parallel ascending l channel. As for the indicators, the price is trading above both the 21 and 50-period MA which has made a bullish cross, finding close support from the 21-period MA. It is also trading inside the $4000 resistance area. Since the March 5 high, there is bearish divergence occurring in the MACD and in its histogram. Furthermore, it has made a bearish cross and is dropping, but is not negative yet. It is currently in the process of making or rejecting a bearish cross. Similarly, the RSI has developed significant bearish divergence since March 5 high. BTC/USD - Price Analysis - 30 Minutes Chart Chart Source: Tradingview, Bitfinex A look at the 30-minutes chart shows that after the drop, price bottomed at $3780 and created a support area near it. Since the bottom, it created an ascending support line which was validated again on March 9. It has several unsuccessful attempts at breaking out above $4000, and tracing these highs created the horizontal channel. As for the indicators, the RSI has both created bearish divergence since the March 5 high. This divergence has occurred at five subsequent highs. The bearish divergence has also occurred on the MACD, which has made a bearish cross. The divergence has continued for four days, reaching very significant levels. Finally, the price is trading above the 21 and 50-period moving averages, which are in the process of making a bullish cross. The post Bitcoin [BTC] Price Analysis: The Price is Trading Inside A Parallel Ascending Channel? appeared first on Coingape.

10 days ago

NEM [XEM] Token on Peak After NEM Foundation Shared Three Major Updates

Announced on March 08, 2019, NEM Foundation is all set to restructure its financial as well as the organizational structure. The release is a result of obtaining $8 million received by NEM foundation in an earlier month from its reserve wherein in a similar time frame, it was looking to lay off its staff. Setting New Structure NEM on its official website shared three major aspects; first being funding received, second on the company’s launch of the new blockchain engine and third, being transforming the task force. The announcement reads that; We have three updates for you including: Funding News on the NEM Foundation Catapult efforts Set up of the transformation team To remind, NEM reportedly planned to fire its staff to stay afloat a market and avoid bankruptcy - however it was further added that the firm obtained $8 million on Feb 20 which had eventually a result of releasing 210 million of is XEM tokens from the reserves. The decision of releasing tokens from the reserve was made after the approval from NEM Community’s key member. Subsequent to the recent report, NEM Foundation is on way to utilize the first set of 25 million XEM tokens to restructure the firm, focused on the new product, a revenue-driven approach for NEM foundation. Speaking about the matter, Alexandra Tinsman, president at NEM foundation says “I think this is a vote of confidence that the industry is moving forward and that we’re ready to pivot to a very new way of working...It’s in the best interest of companies to be fiscally responsible with their platform, their products, and their teams. We need to be product-focused and that’s what we’ve done. This is a sign of good things to come.” Consequent to the release, the foundation is obtaining the amount in installment -and its very first installment of 25 million XEM token was initiated on March 07. NEM is on way to launch its Catapult blockchain engine which is reportedly intended to power up both private and public networks. Beyond Catapult blockchain engine, NEM foundation is also setting up its transformation task force that is tasked to focus on new rules or NEM’s key priorities. NEM Surging Looking closer to the coinmarketcap, NEM’s XEM token is quickly picking up the new move, turning with a green graph of 2.86 percent during the past 24 hours. Accordingly, the coin was running in the red market zone since past few days, following up recent the announcement, XEM token (A native token of NEM) stands on the 19th position with an average market cap of $389,167,800. So readers, what’s your stake on XEM token reaching the peak? Share your opinion. The post NEM [XEM] Token on Peak After NEM Foundation Shared Three Major Updates appeared first on Coingape.

10 days ago

Bitcoin (BTC) Price To Recover As Regulation Kicks In - Winklevoss Twins

The Winklevoss Twins say regulation will strengthen trust in the crypto industry and help return bitcoin prices to previous higher levels. Cameron and Tyler Winklevoss, the owners of the Gemini exchange, flew into the South By SouthWest (SXSW) conference taking place in Austin Texas for their first attendance since 2016. In their call for tighter regulation the twins cited the missing $194 million at QuadrigaCX as just the latest debacle to beset the industry, with the Mt.Gox implosion the event that set them on the road to setting up Gemini. “There are a lot of carcasses on the road of crypto that we’ve seen and learned from. At the end of the day it’s really a trust problem. You need some kind of regulation to promote positive outcomes,” said Cameron in comments to Bloomberg. Checks and balances His brother Tyler also weighed in. “You want to have a couple of layers of checks and balances. We are here for the long haul.” Not everyone will agree with those aims, preferring crypto stays as far away from government and regulators as possible. Although there is no direct quotation, according to the Bloomberg report the twins see regulation as the key to bitcoin price recovery: Better oversight and compliance will also help Bitcoin’s price recover to prior levels, he said, adding that it may be possible for Bitcoin’s value to increase in the coming years. The twins inherited their wealth and famously took Mark Zuckerberg to court after accusing him of stealing the idea for Facebook from them. Their Gemini is regulated and the twins were behind the setting up of a self-regulatory industry body in the US, the Virtual Commodities Association. Prominent exchanges Bitflyer US, Bittrex and Bitstamp are members alongside Gemini. They are now pushing a global vision for Gemini as crypto seeks to make good on its technological potential to pull the unbanked on the world into the formal economy. “With a crypto address and a smartphone, all of a sudden you are in the system. We are really just trying to extend the financial system, so you can send dollars anywhere in the world,” said Cameron. He even went so far as to envision a future in which the main market for value transfer will be between machines, not humans. Volatility, Europe and robots “These devices will need to transact value, and they’ll probably talk through companies like Gemini.” In a separate interview, this time with Yahoo Finance, the twins revealed that the Gemini exchange “is hoping to open in Europe soon”. They were pushing their new mobile app, launched in December Asked what they thought about volatility Tyler said: “It’s pretty normal for a new asset to be volatile at different points in time.” “Overall we end up at a better floor than we started,” added Cameron. Continuing, he noted “it might be volatile but has moved in the right direction”, pointing out that when they were last at SXSW bitcoin was priced at $400 and is now near $4,000. The twins took every opportunity to push their products, as we’ve come to expect. They said the theme in terms of business development for Gemini was “going global and going mobile” The Winklevosses shared that they have the UK, Canada, Singapore, Hong Kong, “and some other among other jurisdictions” in their sights for Gemini’s global roll out. Asked what they thought of the competition from the likes of trading app Robinhood and its proven ability to attract millennials, the twins countered that Gemini is not an equities brokerage but “a crypto-native company... a custodian, exchange and a platform”. The post Bitcoin (BTC) Price To Recover As Regulation Kicks In - Winklevoss Twins appeared first on Ethereum World News.

10 days ago

Monero [XMR] gears up for hard fork scheduled for today

Monero [XMR], the thirteenth largest cryptocurrency in the market, is a few hours from its first hard fork this year. The upgrade is scheduled to occur on block #1788000 later today. At press time, Monero’s block height was 178,7800. According to the main Reddit thread, the hard fork is going to introduce four key changes. The upgrade is going to bring some changes to the dynamic block size algorithm in order to fix big bang attack, a spam-bloating attack, and ensure scaling in for the short-run and long-run. Big bang attack | Source: Github Short-term scalability and long-term scalability The second update concerns Monero network’s mining algorithm, which is said to bring down ASIC mining. The team stated, “Second, a third PoW tweak (CryptoNight-R) to curb the ASICs currently present on the network and further preserve ASIC resistance. As a result, miners will have to update their miners (i.e. mining software) as well.” The network’s constant mining algorithm updates resulted in several ASIC mining pools incurring losses. Coinhive, a cryptocurrency mining platform, cited this upcoming hard fork as one of the reasons they shut down operations on March 8. The drop in XMR’s price during the crypto-winter was another reason that contributed to the mining platform shutting down. The third update introduced via this hard fork will be “a dummy encrypted payment ID,” which will be added to each transaction. This update aims at improving transaction homogeneity. The fourth update would simplify amount commits by “shrinking the size of amount encodings and using deterministic masks.” The Reddit post read, “Note that there technically will be two hard forks (i.e. one on approximately the 9th of March and one on the approximately the 10th of March). This provides a grace period on the network where transactions in the transaction pool that still use the v1 transaction format are allowed to be included in a block by miners.” Monero team has asked users, services, pool operators, merchants, and exchanges to upgrade to the newer versions, CLI v0.14.0.0 Boron Butterfly or GUI v0.14.0.0 Boron Butterfly, which were released earlier this week. These new versions make sure that all the clients are ready for both the hard forks. The post Monero [XMR] gears up for hard fork scheduled for today appeared first on AMBCrypto.

10 days ago

Electroneum (ETN) Price Analysis : Survey on Electroneum’s Irresolute Market

Electroneum (ETN) Price Analysis : Survey on Electroneum’s Irresolute Market Electroneum is a mobile-first cryptocurrency aimed at mass adoption. It is built off Monero codebase to allow for transactions on a decentralized blockchain. It overcomes the shortcomings of bitcoin’s privacy issues. Electroneum’s stealth address, a one-time public key that prevents recipient’s funds from being linked

10 days ago

Litecoin [LTC] & Bitcoin [BTC] - Is Bitcoin Setting up for Another Big Drop?

Bitcoin Weekly Chart Price consolidated for a number of months leading up to the bearish price crash that took place in November of 2018. This price crash was sparked by a significant sell-off that resulted in price staying within the downward trend line which had been forming for the majority of 2018. Is this trend line still relevant? Some analysts would say that the trend line is no longer relevant since the November breakdown as this sell-off resulted in an execution of a descending triangle pattern. A descending triangle pattern is a bearish trend continuation pattern that forms when price meets resistance at a downward trend line and also meets support below. However, the price is currently exhibiting similar behavior to before the breakdown in November. Price has been consolidating since January forming both higher lows and lower highs. The downward trendline is also approaching once again, and it is something to monitor given its strong relevance throughout 2018. Bitcoin Daily Chart $4150 to $4250 is another key area to monitor with the price already after finding seller liquidity numerous times here. Litecoin Daily Chart Litecoin can often act as a leading indicator of price performance in Bitcoin. A significant increase of over 10% in price in Litecoin earlier this week preceded an increase in bitcoin Litecoin has recorded a strong performance so far this week overcoming a key level where price broke down in November. Price has continued increasing and has today overcome a key level where price broke down in October. It is yet to be seen whether price can close above this level on the daily as sellers may come in to bring the price back below before the candle closes. Litecoin 4-Hour Chart The shorter term 4-hour chart shows price tested the $57.49 numerous times before breaking above. Each test makes the level progressively weaker with fewer sellers to hold the level on each test. A bearish divergence between the price and RSI is currently forming on the 4-hour chart with the price forming higher highs and the RSI forming lower highs. This is a bearish trend reversal pattern that shows price continuing to increase despite buying pressure falling. However, this pattern typically has lower predictive power, and if the price can close above the October breakdown level at $57.49 on the daily, this will be a far more bullish signal. Key Takeaways: Bitcoin is approaching a downward trendline which was extremely important for its price performance in 2018. A key area of seller liquidity to monitor for Bitcoin is $4150 to $4250. Litecoin has recorded a strong performance so far this week overcoming two key levels where price broke down in October and November. Litecoin has yet to close above the October breakdown level at $57.49, but a close above would be a bullish sign. Bearish divergence forming on the 4-hour chart for Litecoin. Litecoin [LTC] & Bitcoin [BTC] - Is Bitcoin Setting up for Another Big Drop? was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

10 days ago


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