Selfkey KEY

$0.0050
Market Cap $ 12.340 MM (#271)
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Selfkey News

MonetaryUnit, a Leading eCommerce Firm Supports 42 Digital Currencies for Online Shopping

MonetaryUnit, a leading eShop has experienced a significant surge in the value in its digital token dubbed $MUE. The firm has attributed the fast adoption of its coin to the growth of services it offers. Additionally, the company now allows customers to purchase items using more than 40 cryptocurrencies. This news comes after MonetaryUnit recently relaunched $MUE in UK’s marketplace. Since the acquisition of Flubit.com in summer, $MUE’s value has increased by 37% making it a key player in the crypto market. (KE)

an hour ago

Microsoft Introduces 'Initial Release' of its Latest Azure Blockchain Development Kit

Microsoft has introduced its new blockchain-powered Azure development tools. The initial release “extends the [current] capabilities” of the Azure Blockchain Workbench - which “incorporates Azure services” for messaging APIs, “off-chain identity and data”, and key management into a “referenced architecture.” The referenced architecture can then be used to “rapidly build blockchain-based...

12 hours ago

Oxfam Launches Blockchain-Based Rice Supply Chain

Advocates for poverty eradication Oxfam announced yesterday that it has launched its rice supply chain management platform BlocRice on the blockchain. BlocRice, introduced in April, started out as a pilot program aiming to enhance the negotiation powers of organic rice farmers in Cambodia. The project was the first of its kind in the region, allowing farmers to interact with key players along the rice supply chain. Country director of Oxfam Solinn Lim stated that “the aim is for BlocRice to gain acknowledgment from all relevant actors in the supply chain”. With six actors identified in the rice value chain - the organic farmer, the agricultural cooperative, the export company, the import company (Europe), retailers, and consumers - Solinn envisages BlocRice as an ecosystem of farmers with a collective bargaining power. She said, “BlocRice will give farmers collective bargaining power since agricultural cooperatives will be parties to the contracts.” Smart contracts will be the core technology to be leveraged upon here, which will be used to establish transparency and a coherent working protocol among farmers, exporters, and buyers. Solinn added that all stakeholders would share a digital contract, sharing information on blockchain throughout the process, from planting to manufacture of rice crackers. As records from 2017 reveal, Cambodian rice farmers are currently the ninth largest exporters of rice, however, applying blockchain technology could possibly improve the welfare of small-scale farmers, as well as scale up export activities of rice and other agricultural produce in Cambodia. Song Saran, CEO of Amru Rice, an exporter in the value chain, commented on the BlocRice project: “...if it proves successful, however, it may be expanded to include all the communities currently working with Amru Rice and new products, such as organic cassava, pepper and cashew nuts.” Further, interest from the Cambodians shows positive reception to the idea of contract farming and a desire for “financial literacy”. Follow BitcoinNews.com on Twitter: @BitcoinNewsCom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Oxfam Launches Blockchain-Based Rice Supply Chain appeared first on BitcoinNews.com.

13 hours ago

Ripple XRP Price Analysis Nov.16: Bearish despite the positive news?

Ripple is trading in a descending channel between the low of $0.45 and the high of $0.55 price levels. As the selling pressure increases, the market continues in a down-trend XRPUSD Short-term Trend: Bearish As long as selling pressure is enormous, the XRP price will have difficulties. The appearance of the Short-term trend is directing in a falling wedge pattern is revealing the market to be bearish. The push and pull are maintaining and respecting the trendline. The 50 and the 100 days moving average lines are pointing down: this is another sign that this pair is trending low below the 100 MA and using the 50 MA as a support level. However, there is a high chance to re-test $0.42 support level before making a bullish pullback. XRPUSD Medium-term Trend: Bearish With a simple look at the four-hour chart, it is observed that the trend and pattern of this pair are in a descending channel which is a confirmation of a bearish market. Over time, the candlesticks have been obeying the channel showing a fall in the XRPUSD price. XRP has been experiencing a down-trend movement for over eight. This is due to the high supply force of the sellers as they hold price lower to maintain the trend in a pull. As it appears on the Medium-term outlook, the bears will be losing momentum as soon as price reaches $0.45 support level. The bulls will be on a watch for smart entry as they push price higher to $0.52 resistance level, where the top of the descending channel lies. The Relative Strength Index (RSI) Period 14 is at its low levels (40), and might signals that the market is oversold. Key Levels Resistance levels: $0.52, $0.56, $0.60 Support levels: $0.45, $0.42, $0.40, $0.35 XRP/Dollar BitFinex 4-Hours Chart XRP/Dollar BitFinex 1-Hour Chart The post Ripple XRP Price Analysis Nov.16: Bearish despite the positive news? appeared first on CryptoPotato.

13 hours ago

What Is Dash? Introduction to DASH Cryptocurrency And DashPay

What Is Dash? Dash is an open-source cryptocurrency and decentralized autonomous organization that forked from Litecoin. It aims to overcome Bitcoin’s shortfalls in governance, consensus, and speed. As a payment system, Dash is expanding its presence in Latin America, hoping to resolve payment and remittance issues from Mexico to Brazil. Dash touts itself as self-governing, self-funding, and the fastest growing platform. It’s not necessarily wrong on any of these counts. Although not fully unique, Dash is a solid project that forged a lot of solid partnerships. Introduction To Dash Nodes must own 1000 DASH, have a static IP, and meet minimum system requirements of CPU, RAM, available disk space, and network bandwidth to become masternodes, which govern the network. It underwent several rebrandings before landing on DashPay, which launched in January 2014 in Phoenix, AZ by Evan Duffield. Actually, we should say Xcoin was created in January 2014 by Duffield, before several rebrandings of this altcoin occurred (including Darkcoin) to make it the DashPay we know today. Dash is (and is also a portmanteau of) digital cash, and it’s a decentralized autonomous organization (DAO), meaning it’s governed and maintained by its users with no central authority. Dash’s DAO funded over $33 million worth of Dash to projects ranging from Arizona State University’s (where I went to college, by the way) Blockchain Research Laboratory, cannabis payment platform Alt Thirty Six, and the country of Venezuela. It’s not just name-dropping investors and partners either - already, the Dash DAO approved a 30 Dash payment to sequence a cannabis genome and publish it on the blockchain to bypass the traditional scientific publishing market. Dash DAO is also gearing up to launch a venture fund in the next year. And on a performance level, it’s already confirmed 591,166 transactions in a 24-hour period, over 100,000 more than Bitcoin’s December 2017 high. Dash has aggressive expansion plans that include gaming, Mexico, and credit cards. If it can achieve even half of what it’s setting out to do, it’ll remain a dominant cryptocurrency into the foreseeable future. Before explaining why, let’s review DashPay’s DASH coin performance on the crypto market. Breakdown of DASH Token There’s currently a circulating supply of 8,440,664 DASH (out of a total supply of 18,900,000) as of November 12, 2018. The peak price of DASH was $1,541.99, which occurred on December 20,2017. Dash is mined using an X11 algorithm, which is a modified Proof-of-Stake system that uses Conjoin mixing to encrypt, anonymize, and privatize transactions. This makes it a competitor for privacy coins like Komodo, ZCash, Monero, and Verge. In PoS mining, DASH is rewarded to those holding it, and both mining and masternode pools are available. In addition, DASH is paid as a fee to Masternodes to process smart-contract transactions on the Dash blockchain. Block rewards are split between Masternodes (45 percent), Miners (45 percent), and Treasury (10 percent). The Treasury uses these funds for future development projects and to help fund the DAO’s investments as necessary. The full 18 million cap won’t be reached until the year 2300. DASH is tradeable on most major markets, including ZB.com, YoBit, HitBTC, Huobi, Binanc, Exrates, and many more. Its trading pairs include BTC, USDT, ETH, BCH, and other crypto and fiat currencies on some exchanges. Over $200 million in DASH is traded every day. Dash is open-source, with its own blockchain and support for desktop, mobile, hardware, and paper wallets. In addition, like Bitcoin and Litecoin, DASH is actually a spendable currency (a rarity in crypto), with more retailers accepting it as payment every day. Unclogging Bitcoin’s Blockchain The key to Dash’s success lies in Masternodes. Bitcoin was left open-ended, which led to ASIC mining company Bitmain owning 40 percent of the network’s mining stake. The 4,719 Masternodes processing Dash’s full blockchain retain verification and validation power. This greatly reduces the number of nodes needed to process network transactions. It also maintains a power circle of trust among Masternodes, which must maintain at least 1000 DASH to participate. Transaction fees are much lower than Bitcoin or Ethereum’s, and, unlike privacy coins like Komodo, founder Duffield, CEO Ryan Taylor, CTO Andy Freer, and other members of the team don’t mind revealing themselves to the public. As pointed out by Leigh Cuena at Coindesk, even if Dash fails, its focus on emerging economies in Africa, South America, and around the world will leave a lasting impact. Venezuela became the second biggest market for Dash among volatile pricing of its own currency. The country saw a 1,000,000 percent rise in inflation in 2018, leaving many short of being able to even afford groceries. Merchant acceptance in the country is on the rise too. Activists, academics, entrepreneurs - these are the people Dash is helping, and it’s a mod

14 hours ago

You can give your identity and your tokens the highest secur...

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16 hours ago

Dedication is KEY 😉🤣 ...

Dedication is KEY 😉🤣 https://t.co/EiTFqDHm9l

17 hours ago

amazing :) have you had a chance to check out the SelfKey de...

amazing :) have you had a chance to check out the SelfKey desktop wallet? It's free, Trezor compatible and holds al… https://t.co/4LAo6XeSim

17 hours ago

That would be awesome! Have you tried out the SelfKey Wallet...

That would be awesome! Have you tried out the SelfKey Wallet? It's free and #Trezor compatible 🤩 https://t.co/kiTZ60Uyp6

17 hours ago

Bitcoin Cash [BCH] Sharp Fall After Fork

While most major exchanges have halted trading in Bitcoin Cash for the fork which has taken place, Kraken has left trading open. Bitcoin Cash was priced around $415 at the time of exchanges halting trading. The price on Kraken has since declined to around $340, making it the only cryptocurrency in the top forty cryptocurrencies showing a loss over the past 24 hours. Source: Coinmarketcap.com Bitcoin cash initially spiked as exchanges announced their support for the hard fork but coming closer to the actual fork, the cryptocurrency began to depreciate sharply. The initial surge brought the fourth largest cryptocurrency from around $425 to $630. It has since retraced all of these gains and moved sharply lower. The drops have been on large amounts of volume showing real strength behind the move. It is likely when exchanges recontinue trading in Bitcoin Cash; it will open sharply lower to reflect a price close to the one listed on Kraken. Bitcoin Cash Chart - Source: TradingView.com Yesterdays’ hard fork resulted in both Bitcoin Cash SV and Bitcoin Cash ABC. Support is split over the two forked versions of the cryptocurrency and is still unclear which cryptocurrency will be the dominant and whether the current Bitcoin Cash will become irrelevant. There is the potential for more large depreciation in Bitcoin Cash once the support for one of the forked versions becomes clear. Bitcoin Cash SV is currently trading around $110 while Bitcoin Cash ABC is currently trading around Bitcoin Cash ABC is currently trading around $286. Key Takeaways: Bitcoin Cash retraced all of its pre-fork gains and currently trades around $340 on Kraken which is one of the only exchanges that did not halt trading. Yesterday’s fork resulted in two forked versions Bitcoin Cash SV and Bitcoin ABC. It is still unclear what will happen to each of these three cryptocurrencies as the support behind each remains unclear. The potential for the pre-forked Bitcoin Cash to undergo more depreciation if support shifts to forked versions. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Bitcoin Cash [BCH] Sharp Fall After Fork was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

17 hours ago

Dogecoin’s Price Decline Halts As Support Approaches

While most altcoins tend to follow the market leader Bitcoin, Dogecoin has often moved independently. Dogecoin put a significant price spike in at the end of August and start of September which brought the price from support at $0.0022 to around $0.007, an over 200% increase. The spike resulted in the price of Doge going on to form higher highs despite RSI forming lower highs. This has been followed by a prolonged decline which has brought it almost all the way back down to the where price initially spiked from. Yesterday’s price action in Doge formed a low of $0.0024. Price has since retraced to around $0.00285 and seems to be setting up to trade sideways from here. We also had a recent death cross occur in Dogecoin with the 50 EMA crossing the 200 EMA to the downside. This did not have a large impact likely given the prolonged decline that price has undergone since early September. Momentum is still with the sellers so another downward move to support at $0.0022 could take place. The RSI has been forming a series of lower lows, and lower highs and the MACD has been decreasing, indicative of the strong seller momentum. If the price does drop to $0.0022 from here, strong support will be expected to come in to play as this was a point of significant support during August. Dogecoin Daily Chart - Source: TradingView.com Key Takeaways: Dogecoin has been on a prolonged decline since a spike in early September and now approaches the point where it spiked from. Momentum is still on the side of sellers in Dogecoin event though the price seems to be setting up to trade sideways. Both the RSI and MACD have been decreasing showing strong seller momentum. A move down to $0.0022 could occur, but strong support is expected to come in to play at this point. Death cross recently occurred in dogecoin with the 50 EMA crossing the 200 EMA to the downside. Dogecoin’s Price Decline Halts As Support Approaches was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

18 hours ago

Tron [TRX] Breaks a Series of Higher Lows Amid Bearish Price Movements

Prior to this week, Tron had a bullish set-up after forming higher lows since mid-August. This week’s bearish movements across the cryptocurrency market have broken this pattern and brought the price of Tron back below $0.2. Price currently trades around $0.19 after pricing in a low around $0.175 yesterday. Momentum is strongly on the side of sellers in Tron with both the RSI and MACD decreasing. Wednesday was when the significant downward move occurred across the market with Bitcoin moving below the important $6000 point and most almost all altcoin suffering sharp losses. Wednesday’s price action brought Tron’s price from $0.22 to $0.185 on high amounts of volume and was followed up yesterday. Price bounced from its low of $0.175 yesterday with a brief respite from bearish movements occurring across the market. Tron Daily Chart - Source: TradingView.com Tron is the 11th largest cryptocurrency by market cap. Movements of altcoins are still largely linked to those of the market leader Bitcoin. Bitcoin currently represents around 53% of the entire cryptocurrency market cap. The market leader is currently forming a bearish set-up known as a bear flag. A bear flag takes place when a drop is followed by sideways trading, and this is further followed up by another drop. Bitcoin is currently in the sideways trading phase, so the developments over the next few days price action will reveal whether the bear flag will play out. Bitcoin Daily Chart - Source: TradingView.com Key Takeaways: This week’s bearish movements have resulted in Tron breaking its series of higher lows. Momentum is currently strong on the side of sellers with both RSI and MACD decreasing. Bitcoin currently has a bearish set-up, and a decline from here would likely result in a decline in Tron also. Tron [TRX] Breaks a Series of Higher Lows Amid Bearish Price Movements was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

18 hours ago

Smart Trade Coin Set to Change the Crypto Trading via Integration of the Major Exchanges

CoinSpeaker Smart Trade Coin Set to Change the Crypto Trading via Integration of the Major Exchanges Last year, the cryptocurrency world experienced an enormous growth of popularity that nobody had expected earlier. Initially, crypto trading was within a sphere of interest of a rather small community, nevertheless, since that time the community of traders has significantly expanded. Challenges in Crypto Trading Though crypto trading is considered to be rather a profitable activity, there can be significant difficulties for traders in this sphere. The main solution to deal with all this challenges is to have good understanding of the current market situation and to possess a powerful information tool. Lack of useful and relevant knowledge is one of the key barriers for traders that prevent them from increasing their profits and reducing risks. Quite often traders just don’t know where they can find the most up-to-date information to see the market conditions in a real time. This problem was noticed by the Smart Trade Coin founders who have decided to unite their forces with a view to create a platform that will help crypto market traders. Solution for Traders Smart Trade Coin World is building a decentralized platform for crypto traders where they will have a chance to find all the information about the market they may need to know in order to be successful in their trading activities. Smart Trade Coin is trying to create something stronger than just a platform, their main idea is to shape a global community of crypto traders to influence all large cryptocurrency exchanges in different corners of the world. Peculiarities of the Platform Though it may seem that the team’s goals are too ambitious, they have an appropriate combination of tools and features that make them stand out from the row: The team has built and is absolutely ready to wow the market with its software called Smart Trade Coin Software. It is integrated with four banks connections. Thanks to this peculiarity it will be possible to guarantee that crypto transactions will be conducted within three business working days. Moreover, the Smart Trade Coin team has solved the problem of possible concerns regarding legal acceptance of coins in the future. The community is claimed to have influence on all major exchanges. As a result, its members will have an opportunity to create favorable trading conditions themselves and build the crypto world of their dream. Thanks to Smart Trade Coin Software, traders can keep all their assets and exchanges under one single account which will help to avoid losses while switching from one account to another. The developers have created and tested the software in a real time and the team was absolutely satisfied with the results. It means that the team is absolutely sure in its success and is ready to move further to achieve new heights, attract traders from all over the globe and create a better crypto world. Smart Trade Coin Set to Change the Crypto Trading via Integration of the Major Exchanges

18 hours ago

EOS stolen funds arbitration ruling scoffs at decentralization

The EOS blockchain was built with the intention of providing a means to scale transaction speed while still providing a certain level of decentralization. The extent to which EOS is decentralized, however, has always been a point of contention since network transactions are validated by a small group of “supernodes” which must be elected every 21 blocks. The goal of decentralization, with every blockchain, is to eliminate points of central control meaning no single entity can wreak havoc on the network rules or invalidate the transactions of others. Unlike your bank, which can practically do anything it wants with your checking account, a blockchain wallet should be different. EOS Arbitration The latest issue to arise within EOS concerns a practice known as arbitration. Unlike Bitcoin, or most other chains, EOS allows coin holders to file a claim or grievance regarding a transaction or practice on the EOS network. At the discretion of an entity known as the EOSIS Core Arbitration Forum (ECAF), transactions can be reversed on the chain, and accounts can be forcibly confiscated if wrongdoing or unethical behavior is determined to have taken place. According to the ECAF website, “Arbitration is a way of resolving disputes without going to court. Both parties in the dispute present their side to a professional arbitrator who thoroughly reviews the dispute and comes to a reasonable resolution.” Reversed Transaction On November 10, it was revealed that an EOS arbitrator had reversed several transactions and restored a wallet which was stolen during a phishing attack first reported for arbitration on October 17. According to the report, which was published online by ECAF, the arbitrator, Ben Gates, explained his rationale: Under the powers afforded to me as arbitrator under Article 6 of the Rules of Dispute Resolution, I, Ben Gates, rule that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within said account is Removed. The Claimant presented sufficient evidence to establish there was a case to be answered. The respondent was notified but declined to respond. On the balance of probabilities, the claimant is found to be the true owner. The claimant’s rights under Article III of the EOS Constitution have been breached. When the news broke several days back, the EOS Reddit forum was lit up with anger over watching a supposed decentralized chain exercise power and authority to simply reverse transactions and forcibly transfer ownership of assets in a manner similar to a traditional legal system. As one Reddit user asked, “Why would anyone use this over a bank account and traditional legal system? These guys raised $4BN to recreate the legal system using a token that is neither censorship resistant, nor immutable.” Defining Decentralized This latest incident is not the first time EOS has come under scrutiny for seeming to contradict the very definition of a “decentralized” blockchain. In June of 2018, just one week after the EOS network went live with a native chain and currency, seven EOS accounts were frozen by block producers. The move itself violated the EOS constitution which stated clearly that only arbitration, conducted by ECAF, should be the final determiner of such matters. However, the 21 block producers who signed on to the asset freeze claimed that their actions were necessary to keep bad actors out of the EOS system and to protect funds from being stolen. According to Dan Larimar, EOS creator, his blockchain “will be the safest place to hold tokens without fear of unjust rulings, identity theft, token hacks, lost passwords, etc. It will have stable monetary policy with civilized dispute resolution.” In other words, Larimar is saying that EOS, unlike truly decentralized chains, will have a quasi-customer service department in the form of ECAF to adjudicate wrongdoings and protect coin holders, even if from themselves. Limitations of Immutability? While some users criticize EOS for allowing a practice such as arbitration to exist on the platform, others would point to transaction irreversibility as a shortcoming of immutable blockchains. According to Milos Dunjic, Associate Vice President for Enterprise Payments Technology at TD Bank, immutable blockchains could turn ugly for users if quantum computing is able to crack the encryption algorithms used to secure the chains. “Using quantum computer, with today’s key sizes, the reverse engineering becomes possible in matter of hours, instead of billions of years when using classic computers.” As quantum computing matures and becomes more powerful, Dunjic warns that “this is going to become a significant problem, in the next 5 to 10 years.” Other researches are already working on the quantum computing problem in relation to blockchains, and one proposal simply looks to balance the scales by creating a quantum blockchain which is hardened against quantum computing. Decentralizat

19 hours ago

Ripple’s XRP Is One of the Best Performers by Price During a Bearish Week

The bearish week which has been taking place in the cryptocurrency market has resulted in Ripple’s XRP becoming the largest altcoin by market cap. XRP overtook Ethereum for the number 2 spot during the decline of the last two days. Some cryptocurrencies are rising today, and XRP is widening the market cap gap between itself and Ethereum. XRP has been one of the better performing cryptocurrencies during this drop and even saw some price appreciation yesterday. XRP priced a low just above $0.4 during Wednesdays drop and currently trades around $0.47. This price is above the 50 EMA which may serve to act as some support, but there is also the $0.49 level above price which may act as some resistance. While many cryptocurrencies have exhibited similar price action by bouncing from the recent lows formed, XRP is performing in a more bullish manner and managed to record a gain yesterday. XRP Daily Chart - Source: Tradingview.com The outlook is difficult to assess for XRP. Although it is now the largest altcoin by market cap, it will still be subject to the movements of the overall market. If Bitcoin were to undergo bearish movements from here, it would be very likely that XRP would exhibit similar price behavior. Bitcoins current price action makes it likely that its next significant move will be to the downside with a bear flag setting up. A bear flag is where a drop in price is followed by some sideways or range trading which is then followed by another drop. Bitcoin is currently at the range trading stage and the next few days will reveal whether the final part of the bear flag will execute. Bitcoin Daily Chart - Source: Tradingview.com Key Takeaways: XRP overtakes Ethereum for the spot of largest altcoin by market cap. XRP formed a lo just above $0.4 this week but has since recovered to around $0.47 recording a gain yesterday. Price currently trades above the 50 EMA which may act as some support, but the $0.49 level may also act as resistance. Despite being the largest altcoin by market cap, the movements of the market leader bitcoin are still likely to have a significant impact on those of XRP and the market leader is currently forming a bearish set-up. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Ripple’s XRP Is One of the Best Performers by Price During a Bearish Week was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

19 hours ago

Bitcoin’s Price Drop Steadying After Recording a 2018 Low

After Wednesday’s extremely bearish price action, the decline in Bitcoin is slowing down. Although there was a follow-up in the drop yesterday where Bitcoin formed a 2018 low around $5200, there was a quick retracement and price currently trades around $5550. Although the price is currently trading steady today, the longer it trades in a sideways manner, the higher the likelihood that the next significant move will be a drop. The sideways trading we are seeing now could set up a bear flag. The momentum is also strongly still on the side of sellers. The daily RSI is trading at its lowest point of all time, and the MACD continues to diverge significantly to the downside. Bitcoin Daily Chart - Source: Tradingview.com The hourly chart shows a drop occurring in Bitcoin yesterday with it briefly dropping below $5200. Traders were not yet willing to let Bitcoin trade at such a low valuation and quickly jumped in. In the event of another drop, we may likely see support around the $5000 to $5200 area. Since its recovery from this low point, the price has been trading in a range from around $5450 to $5550. The price is currently approaching the 50 EMA where it might meet some resistance. Bitcoin Hourly Chart - Source: Tradingview.com This week’s bearish movements have brought the entire cryptocurrency market cap to $184 billion after it started the week above $200 Billion. Bitcoin represents the dominant share of this at almost 53%. Key Takeaways: Bitcoin priced in a 2018 low yesterday below $5200 but buyers quickly brought the price back up from here. Price has since traded in a range from $5450 to $550 but the longer it trades in this range, the more likely the next significant move will be to the downside. Momentum is also, strongly on the side of sellers. Price action currently approaching the hourly 50 EMA which may act as resistance. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Bitcoin’s Price Drop Steadying After Recording a 2018 Low was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

20 hours ago

Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business

Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U.S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter. In premarket trading at the time of writing on Friday, Nvidia was down 16.01 percent at $169.99. Also Read: Canaan Hong Kong Listing Plans in Limbo ‘Crypto Hangover’ Drags Down Demand Revenue climbed 21 percent to $3.18 billion for the three months to Oct. 28, according to an earnings report released by Nvidia on Thursday. But the company underperformed the predictions of analysts, who were looking for revenue of between $3.19 billion and $3.32 billion. Net profit rose to $1.23 billion, up 12 percent from $1.1 billion in the preceding quarter. Nvidia, which specializes in making hardware for video game consoles and the cryptocurrency mining sector, will pay a dividend of $0.16 per share, about 7 percent above its second-quarter dividend. However, the slump in bitcoin prices this year has hit demand for Nvidia’s mining equipment hard. The company, valued at $123.1 billion, said it has accumulated a significant number of unsold cryptocurrency mining rigs — previously one of its key growth markets. “The crypto hangover lasted longer than we expected,” Jensen Huang, chief executive officer and founder of Nvidia, said on a conference call with investors on Nov. 15. In the earnings release, he had stated that “near-term results reflect excess channel inventory post the cryptocurrency boom, which will be corrected.” Huang added it will take another two quarters for the company to shed excess inventory. “This is surely a setback, and I wish we had seen it earlier,” he said on the conference call. Bearish Sentiment, Weak Forecasts The price of BTC has plummeted from a record $20,000 in late 2017 to around $5,586 at the time of writing, its lowest point in a year. Most of the major altcoins have followed suit. For the current quarter, Nvidia has guided revenue to come in at $2.7 billion, compared to estimates from analysts of nearly $3.4 billion. By sector, Nvidia said GPU revenue soared 25 percent year-on-year to $2.77 billion, as Tegra processor revenue dropped 3 percent to $507 million. The waning cryptocurrency business forced a decline in licensing from third parties, with revenue from that side of the company’s business falling 23 percent to $148 million on a year-on-year basis. Revenue from data centers spiked 58 percent for the quarter to $792 million, largely on strong demand. “AI is advancing at an incredible pace across the world, driving record revenues for our data-center platforms,” Huang said. “Our introduction of Turing GPUs is a giant leap for computer graphics and AI, bringing the magic of real-time ray tracing to games and the biggest generational performance improvements we have ever delivered.” The bearish cryptocurrency markets have badly affected bitcoin mining equipment manufacturers in general. One of Nvidia’s competitors, Advanced Micro Devices (AMD), reported third-quarter revenue of $1.65 billion in October, which was below analysts’ estimates of $1.7 billion. The chipmaker, which expects revenue to fall in the current quarter, blamed the cryptocurrency slump for a declines in sales. AMD’s stock was down about 5 percent after trading closed on Thursday. Over the past 52 weeks, Nvidia’s share price has swung between a high of $292.76 and a low of $176.01. Analysts are targeting a price of $287.91 over the next 12 months. Nvidia was established in 1993 and initially started off selling computer cards designed to improve the video game experience. It later expanded into other markets such as the cryptocurrency industry. What do you think about the market’s reaction to Nvidia’s quarterly financial results? Let us know in the comments section section below. Images courtesy of Shutterstock. The Bitcoin universe is vast. So is Bitcoin.com. Check ourWiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page The post Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business appeared first on Bitcoin News.

20 hours ago

BitMart lists decentralized stablecoin TrueUSD [TUSD]

BitMart Exchange, a premier global digital asset trading platform, recently announced the listing of TrueUSD [TUSD]. By listing a decentralized stablecoin, BitMart aims to offer users a more transparent financial service to reduce the investment risk. TrueUSD [TUSD] is an ERC20 token which is backed up 1-to-1 with US dollars issued by TrustToken. However, TrustToken does not actually hold any USD reserved themselves. Instead, they have partnered with legally registered banks and fiduciary institutions which hold the dollars in escrow. When users completed the KYC/AML process and wire funds to the third party escrow accounts, an equivalent amount of TUSD is freshly minted to their Ethereum address. This approach reduces the counter-party risk that is common in other collateralized stablecoin projects. Prior to TrueUSD, BitMart has listed Gemini Dollar [GUSD] and USD Coin [USDC] on their platform. Sheldon Xia, Founder & CEO of BitMart said, “TrueUSD is a more decentralized stablecoin compared to other competitors in the market. Although there is still counterparty risks, it would be very difficult for it to happen since it needs the collaboration of several parties to break this system.” Moreover, to ensure best security practices, the escrow account holdings are published regularly and will undergo independent third-party evaluations by leading auditors such as Cohen & Co. So far, TUSD has been listed on an array of global leading exchanges. As Tether has been losing its grip in the market ever since it lost its peg against the USD, BitMart is confident that the TrueUSD has the key success indicator due to its decentralized and secure nature. About BitMart: BitMart Exchange is a premier global digital asset trading platform in the cryptocurrency market with over 520,000 users worldwide and ranked among the top 10 crypto exchanges on CoinMarketCap. BitMart currently offers 132 trading pairs with one of the lowest trading fees in the market. BitMart also announced a special Thanksgiving treat, new users can enjoy 50 BMX for sign-up by using Invitation code: Thanksgiving [invitation link]. To learn more about BitMart, visit their Website, Twitter or join their Telegram. The post BitMart lists decentralized stablecoin TrueUSD [TUSD] appeared first on AMBCrypto.

a day ago

The Downfall of a Stablecoin: Tether’s Long History of Scandals

TL;DR During Tether’s four year history, it has been constantly beset with numerous scandals. In April 2017, Wells Fargo suspended its services for Bitfinex and Tether, causing a temporary freeze of wire transfers for the two companies. A third-party audit firm has never conducted a full audit onTether In May 2016, the Paradise Paper leak revealed that Tether and Bitfinex share the same CFO, CEO, and CSO. In November 2017, Tether was hacked, netting the hacker approximately $31 million worth of USDT - the company responded with a temporary hard fork in an attempt to recover the lost funds. In December 2017, the CFTC sent a subpoena to Tether and Bitfinex with the possible reasons being the lack of security audits and alleged manipulation of Bitcoin’s price. Between October 11 and 15, 2018, USDT’s price crashed because Bitfinex froze fiat deposits. On October 24, 2018, Tether burnt 500 million USDT, but the company claimed that the token burning had no connection to the price of USDT. On November 1, Tether announced that the company had opened a bank account in The Bahamas, and that “the financial institution had confirmed that their reserves match the amount of USDT tokens in circulation.” Tether - dubbed “Realcoin” at the time - was created in July 2014. In little more than four years, the creators of the stablecoin have managed to create noteworthy chaos - consisting of numerous scandals and issues - around the USD-pegged digital currency. We’ve collected all the dubious events that have dogged Tether. We’ve also asked a prominent investment firm’s research analyst on her views on the stablecoin issuer, which we will feature in the last part of the article. Let’s dive in! The history of Tether’s scandals Wells Fargo suspends wire transfers for Tether and Bitfinex In April 2017, the San Francisco-based multinational bank, Wells Fargo, suspended its services for Tether and Bitfinex - the two organizations share the same CEO (more on this later) - blocking approximately $180 million of the organizations’ funds. At the time, Tether stated that it was experiencing serious delays in processing international wires to and from Tether to users. According to the company, all of Tether’s Taiwanese banks blocked and refused all incoming international wires from April 18, 2017, which was a result of the Wells Fargo ban. Despite the blocked funds, Tether stated that their customers with Taiwanese bank accounts were not experiencing any issues regarding their transfers and withdrawals. On the other hand, non-Taiwanese Tether users were unable to send wires to the company. The organization claimed that they were looking for an urgent solution to the problem. Soon after the Wells Fargo ban, Bitfinex and Tether sued the U.S. financial institution for allegedly prohibiting four banks in Taiwan - including KGI Bank, First Commercial Bank, Hwatai Commercial Bank, and Taishin Bank - from doing business with the two companies, resulting in a temporary freeze of wire transfers for the crypto services. Bitfinex and Tether sought an injunction against Wells Fargo - which would allow the two organizations to resume their wire transfers - as well as over $75,000 in compensation for the damages the multi-national bank had allegedly caused. Later, the two companies stepped back from the legal case and admitted that they only sued Wells Fargo to “buy themselves time”. Lack of security audits Around the second quarter of last year, critics accused Tether of “printing” USDT tokens without the necessary USD collateral behind the dollar-pegged digital currency. The critics - led by the anonymous Medium blogger Bitfinex’ed - claimed that Tether’s goal with the continuous USDT creation was to drive up Bitcoin’s price artificially. There are rumors that Tether’s alleged price manipulation played a large part in Bitcoin’s late 2016 and early 2017 bull run. Since Tether promised continuous security audits as well as to disprove its critics, it hired the firm Friedman LLP to assess whether the organization had enough USD reserves. In September 2017, the security auditor published a preliminary report where they stated that Tether had $442.9 million worth of cash in reserves, which was the exact amount of tokens they had in circulation at the time. However, as Friedman’s findings were not a full report, the information the firm provided was skin-deep, containing numerous caveats. But Friedman was never able to conduct a full report on Tether as in January 2018 the company behind the USD-pegged digital currency announced that the relationship between the two organizations had ended. “We confirm that the relationship with Friedman is dissolved. Given the excruciatingly detailed procedures Friedman was undertaking for the relatively simple balance sheet of Tether, it became clear that an audit would be unattainable in a reasonable time frame. As Tether is the first company in the space to undergo this process and pursue this level of transpare

a day ago

Blockchain Adoption in Energy Sector to Grow by 65%, Says Research

Market research conducted by Technavio has predicted that use of blockchain technology in the energy industry will increase between 2019 and 2023. Energy Sector Embracing Blockchain While blockchain technology was invented for facilitating peer-to-peer money transfers, it is finding its use within multiple industries including energy. Technavio, a leading market research company has forecast growing adoption of blockchain technology within the sector in the coming years. The summary of the research was reported earlier by Power Engineering International (PEi). According to the PEi, blockchain technology will see a growth of 65% in the sector between 2019 and 2023. Use-Cases Many significant use-cases have emerged that can transform the energy industry to bring efficiencies. Blockchain can be used to prevent failures in power grids. According to Technavio, the grid operators are using the technology to distribute power sources. Blockchains can provide grid operators with real-time data on the operation of grid assets and help in modernization. Access to real-time data helps operators to track failures faster, reduce losses and bring down the operational and maintenance cost. Another prominent use-case is the enablement of peer-to-peer energy trading. Independent renewable energy sources that connect to the grid can sell their excess power. Improved Services According to the research, the technology is helping in improving customer services and facilitating the transition to a low carbon footprint. “Other key factors that are expected to boost the growth of the blockchain technology in the energy market is the integration of blockchain technology with smart meter and improved supply chain efficiency in the energy sector,” said a senior analyst at Technavio for research on IT professional services. Technavio mentions that a significant trend that is emerging is the use of BaaS (Blockchain as a service). Firms like IBM, Amazon, and Microsoft have launched their BaaS offerings which are cost-effective for their customers and facilitate instant deployment at the enterprise level. It is reported that the EMEA region held the largest share of the global market in 2018. The geography accounted for close to 41% market share followed by Americas and APAC. The use of blockchain in the energy sector of the APAC region is expected to witness the most substantial increase in coming years. The mentioned use-cases, however, may just be the beginning. Decentralization of the industry can cause disruption of the sector and bring down the cost of energy considerably. What are your thoughts on the implementation of blockchain technology in the energy sector? Let us know in the comments below. Images courtesy of ShutterStock The post Blockchain Adoption in Energy Sector to Grow by 65%, Says Research appeared first on Live Bitcoin News.

a day ago

Litecoin [LTC] Price Analysis - Identifying the Most Likely Reversal Area, Possible Bear Trap?

Litecoin was not spared during Wednesday’s sharp drop. Its price fell 14%, from 51 to 44$. Below we are going to offer an analysis of what might happen in the following months. Litecoin Weekly Chart - Source: TradingView.com A look at the weekly chart shows us that the price has been facing resistance from the 9-day SMA (Simple Moving Average) since the bearish cross (9-day SMA crosses over 26-day SMA) in July 2018. The next area of possible reversal would be the 33-40$ range formed by the support of July 2017. The same area corresponds with the 200-day SMA (white line), which also could offer support to price. Moreover, it is worth keeping an eye on the MACD, as it is losing power, and might set up another bearish cross. Litecoin Daily Chart - Source: TradingView.com A look at the daily chart offers us a similarly grim view. Litecoin broke out of the descending triangle it had been trading the past 92 days with large volume, and the MACD fell sharply with similar volume. If the price falls the full length of the triangle, it will follow with a drop to the low 30s area, which corresponds with our long-term view. Litecoin Weekly Logarithmic Scale - Source: TradingView.com Finally, a look at the Weekly logarithmic scale, shows that a drop to the 33-40$ area would correspond with the highs during the 2013 Bull-run, which offer significant support. Thus, a complete study of the indicators and previous price action identifies the 33-40$ as the most likely area for a reversal. Alternative Scenario: Litecoin Daily Chart (Alternative Scenario) - Source: TradingView.com While most indicators point to a sustained drop, it is worth keeping an eye on the alternative scenario, in which this was a bear trap, and Litecoin breaks out of the descending wedge. In that case, the length of the wedge would predict a short-term bull market to the 75-90$ area, which would correspond with the 0.382 fib level of the recent fall, and July-August support. Key Takeaways: Litecoin fell sharply during the cryptocurrency drop of Nov.14. The next support area is 33$-40$, formed by previous highs + 200-day SMA. A less likely alternative scenario would have us at around 80$ during the end of November. Litecoin [LTC] Price Analysis - Identifying the Most Likely Reversal Area, Possible Bear Trap? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a day ago

Poles to Pay 19% Tax on Income From Cryptocurrency Transactions

The government of Poland recently submitted amended income tax regulations for approval by President Andrzej Duda. The updated framework, which includes provisions referring to cryptocurrencies, is expected to enter into force on Jan. 1, 2019. Also read: Growing Number of Crypto Companies Operating From Belarus Crypto-To-Crypto Transactions Will Not Be Taxed The changes, long-awaited by the Polish crypto-community, address the taxation of cryptocurrency-related income. The amendments follow the temporary suspension earlier this year of a controversial decision to tax all transactions involving digital money, regardless of profit or loss. This attempt to impose the existing Civil Law Transactions Tax (PCC) has provoked angry reactions and the government has postponed the move until a permanent and comprehensive solution can be found. There are several key provisions in the draft amendments sent to the president and one of the most important ones concerns the conversion of one cryptocurrency into another, Polish news outlet Kryptowaluty has reported. According to the amendments, such crypto-to-crypto transactions will be exempted from income tax. However, a tax rate of 19 percent will apply when digital assets are exchanged for “a payment instrument, commodity, service or property right other than virtual currency,” the draft states. Income from the sale of cryptocurrencies for fiat money or other non-digital assets will therefore be treated just like income from capital gains and investments. The same flat rate will be valid for both corporate entities and private individuals. Taxpayers to Report All Cryptocurrency Purchases Starting from next year, Polish residents will be expected to report all purchases made with cryptocurrencies on their annual tax returns, as well as all purchases of digital coins. Businesses will not be able to compensate cryptocurrency-related losses with revenues from other activities. They will also be required to separate costs related to cryptocurrency transactions from other costs. Lastly, revenues from activities such as the sale of digital assets will be subject to the so-called “solidarity tax,” if the income exceeds 1 million Polish zloty (almost $265,000 at the time of writing). In such cases, an additional 4 percent tax rate will be applied. Although the proposed amendments constitute a comprehensive approach to regulating the taxation of cryptocurrency income, the future of the PCC tax remains unclear. The obligation to pay the government 1 percent on all crypto transactions means traders could potentially lose all their digital funds to taxes. The suspension of the Civil Law Transactions Tax expires on June 30, 2019, and the Polish authorities have not yet dismissed the possibility of imposing it. Until that happens, the crypto-community in the country has has little reason to celebrate. What do you think about the new tax regulations for cryptocurrency incomes in Poland? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Poles to Pay 19% Tax on Income From Cryptocurrency Transactions appeared first on Bitcoin News.

a day ago

Cardano Price Analysis: ADA/USD Trends of November 16-22, 2018

CoinSpeaker Cardano Price Analysis: ADA/USD Trends of November 16-22, 2018 Key Highlights: There are possibilities that Cardano price may still fall; the trend may change in case Supply zone of $0.064 is broken; bears took over ADA market. ADA/USD Price Long-term Trend: Bearish Supply Zones: $0.064, $0.069, $0.073 Demand Zones: $0.061, $0.058, $0.054Cardano resume to its downtrend movement. As it was predicted last week when the cryptocurrency formed descending triangle on the daily and 4-Hour chart to confirm the falling of the coin, ADA is in a bearish trend. The bears’ pressure on ADA price is strong as it is clearly seen on the chart, with the strong bearish candle that broke out from the lower trend line of the last week descending triangle. Cardano price was pushed to break downside the last week demand zones of $0.073, $0.069, $0.064. ADA price is trading below 21-day EMA and the 50-day EMA, with the two EMAs far apart from each other which indicate the strong pressure of the bears. Moreover, the MACD with its histogram is below zero level and the signal lines pointing towards the south, which indicates that there are possibilities for the continuation of the downtrend. ADA/USD Price Medium-term Trend: Bearish On the 4-H chart, Cardano is in the bearish trend. ADA price started falling as the bears gained momentum to push ADA out of the consolidation phase. A Doji candle formed followed by a strong bearish candle that broke downside the former demand zones of $0.073 down to $0.061. The coin moved toward the demand zone of $0.058 but was interrupted by the bulls, returned ADA price to $0.064 supply zone. Should the bulls push Cardano price up to break the supply zone of $0.064 upside, the trend may change to uptrend but in case the bears defend this zone there will be downtrend continuation. ADA price is below21-day EMA and 50-day EMA, the two EMAs well separated from one another which connotes that the downtrend is ongoing. The MACD with its histogram is below zero levels with signal lines about bending to the north which indicates a buy signal, which may be a pullback before it continues its downtrend. Cardano Price Analysis: ADA/USD Trends of November 16-22, 2018

a day ago

The Current State of Cryptocurrencies

CoinSpeaker The Current State of Cryptocurrencies We are now a decade on from the publishing of Satoshi Nakamoto’s Bitcoin White Paper, where they/ he/ she envisioned a revolutionary mass uptake of cryptocurrencies, representing a paradigm shift for the entire financial sector. The global crypto market is now worth £166 billion in total, a figure which could be seen as indicative of its present strength. This, along with increased mainstream interest from media, institutions and individuals alike, has led many to reclassify cryptos from a niche pastime, to an increasingly integral part of the global financial system. However, this has not been enough to silence some crypto critics, with the likes of Warren Buffet and Bill Gates expressing doubts over the technology. Further, market crashes, along with continued media reports of theft and fraud have only served to inflame the derisive attitudes of critics. The current state of cryptocurrencies is, understandably, difficult to define and there are a range of issues the sector is still facing. The ultimate question is what will we see in the future? Regulation With the cryptocurrency sphere continuing to develop at a frenetic pace, regulatory bodies are now increasing their involvement. Over the last year we have seen the British Treasury Select Committee, European Securities and Markets Authority and American Securities and Exchange Commission (SEC) release statements related to crypto regulation. The UK has adopted a ‘wait and see’ approach, with the Government having so far resisted calls to extend the Financial Conduct Authority’s (FCA’s) remit to cryptocurrency regulation. However, this is unlikely to remain the case, with the Bank of England Governor Mark Carney indicating that crypto specific legislation is forthcoming. By comparison, the US’s regulatory environment is incredibly fragmented. Laws regarding cryptos not only vary greatly by jurisdiction, but also on the federal level - with the Financial Crimes Enforcement Network (FinCEN), Inland Revenue Service (IRS), SEC and Commodities Future Trading Commission (CFTC) all adopting separate approaches. Future regulation is likely to be streamlined, as the Justice Department announced that it is collaborating with the SEC and CFTC to ensure effectual consumer protection and increased simplification from future regulatory efforts. The topic of regulation still brings fear among many in the crypto space. Many are worried that constrictive legislation may prohibit the innovation which has powered Bitcoin’s growth thus far. Despite these somewhat rational fears, it is important for the crypto community to maintain a positive attitude towards comprehensive regulation as it will encourage investment from larger financial institutions, vastly expanding the global user base. Security & Crime An estimated $1.2 billion in cryptocurrency was stolen from exchanges between January 2017 and May 2018. Of this number, only twenty per cent has ever been recovered. More recently, crypto exchanges Coinrail and Zaif were successfully attacked, losing tokens amounting to $40 million and $60 million respectively. While the difficulties experienced by law enforcement with recovery might be telling of the newness of the crime, the consistency with which exchanges are successfully attacked on a large scale highlights a systemic issue; a lackadaisical attitude towards security. The recent Zaif hack was attributed to using a hot wallet (a cryptocurrency wallet which is connected to the internet) which leaves a user greatly exposed to an attack when compared to a cold wallet (where the wallet is stored in a platform not connected to the internet). This is as the funds stored in a hot wallet are commonly secured with a single private key, which if stolen will allow for a user’s account to be drained completely. Shockingly, this same vulnerability was also exploited in both the Bithumb and Coincheck hacks - indicating that the sector is in dire need of bringing in greater security. A lax attitude comprises a major threat to the future of cryptocurrencies, as regular hacks will continue to weaken trust in the sector overall. If providers want to establish trust within their user base, they need to ensure they are investing significant capital into protecting against these hacks. It is also essential that proper security standards and processes are established, as this will reduce the likelihood of future hacks. Uptake The global cryptocurrency user base has enjoyed steady growth in recent times. We are even beginning to see increased institutional involvement - with the trading volume from institutional clients exceeding that of retail traders for the first time on Coinbase earlier this year. However, the process of acquiring crypto remains difficult and as such uptake has been limited to a very tech savvy subset of the population; a statement reflected by statistics showing that around a thousand users own approximately 40 per cent

a day ago

Fostering Adoption of World-Changing Blockchain Projects

CoinSpeaker Fostering Adoption of World-Changing Blockchain Projects Blockchain technology and cryptocurrencies, such as Bitcoin, gained tremendous name recognition as a result of the hype-fueled 2017 bull market. Unfortunately, name recognition is still about all that there is for the vast majority of people. The concept of digital currency is still entirely foreign and confusing. Now that we’re in an extended bear market, FUD (Fear, Uncertainty, and Doubt) and misinformation have started to run rampant through major media outlets like Bloomberg and the New York Times, among others. The reputation of cryptocurrencies in the mainstream is far from positive. Something needs to change about the public’s perception and understanding of cryptocurrencies, if mass adoption is to become a reality. So, what’s the solution? There’s only one way to fight misinformation: education. You see, as long as people have the preconceived notion that cryptocurrencies are scammy, they are going to be reluctant to use any blockchain-based solutions. But if people learn about key benefits of blockchain technology and how to use cryptocurrencies safely in their everyday lives...well, the tides can turn rather quickly. With that in mind, an innovative new project has emerged with a focus on educating the masses about cryptocurrencies. The project, CryptoZink, combines several unique features that are designed to facilitate mainstream adoption. Zink Academy One of the key contributions CryptoZink makes to the cryptocurrency ecosystem is Zink Academy. Zink Academy is a proprietary educational platform that guides new users through the process of using cryptocurrencies for the first time. Users will have access to a comprehensive content library of lessons on various crypto-related subjects. Additionally, subject matter experts will be involved in the process to guarantee the quality of the content presented and to help beginners advance their knowledge. A distinctive aspect of the Zink Academy is that it incentivizes people to learn by rewarding users with ZINK Tokens for their progress. Scoring highly on a knowledge quiz, reaching higher learning levels, and demonstrating a commitment to learning can all earn ZINK Tokens. And Zink Academy is not just for novices. The platform will have modules designed for both intermediate and advanced crypto users, enabling them to continually stay abreast of the latest advancements in the space. Furthermore, advanced users will also be encouraged to, and rewarded for, sharing knowledge with the greater community. The CryptoZink Trading Platform Zink Academy is a key differentiator that distinguishes CryptoZink from other projects in the space; however, there are many other compelling features. At the heart of CrytpoZink is a digital exchange for trading ERC20 and ERC223 tokens, with particular emphasis on cryptocurrencies that can make a measurable impact on the world. In fact, CryptoZink will be launching a Token Curated Registry to encourage community engagement and to ensure integrity among the projects selected to list on the exchange. Additional key attributes of the exchange include: Secure storage of digital assets A trading performance tracker Live telephone and chat support Trans-fee mining By bringing together the exchange and academy, CryptoZink will build a community of knowledgeable and highly adaptive traders. More significantly, as the first exchange to emphasize education, knowledge sharing and community engagement, CryptoZink is making a major contribution to fostering mass adoption in the exciting world of cryptocurrency and blockchain/DLT. Fostering Adoption of World-Changing Blockchain Projects

a day ago

Bitcoin Price Watch: BTC/USD Could Rebound Towards $5,900

Key Points Bitcoin price extended declines below $5,330 and traded towards $5,200 against the US Dollar. There is a major bearish trend line in place with resistance at $5,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely positioning for an upward move above the $5,600 and $5,700 levels. Bitcoin price extended losses towards $5,200 against the US Dollar. BTC/USD is currently rebounding and it could correct higher towards $5,900. Bitcoin Price Analysis Yesterday, we discussed the chances of more declines below $5,400 in bitcoin price against the US Dollar. The BTC/USD pair extended losses below the $5,330 swing low and traded towards the $5,200 low. A new 2018 low was formed at $5,206 and later the price started a fresh recovery. The price moved above the $5,300 and $5,400 resistance. Besides, there was a break above the 61.8% Fib retracement level of the last decline from the $5,646 high to $5,206 low. Buyers also pushed the price above the $5,550 level, but they struggled near $5,600. Moreover, there is a major bearish trend line in place with resistance at $5,550 on the hourly chart of the BTC/USD pair. The pair seems to be preparing for a larger recovery above the $5,600 level. If there is a close above $5,600, the price could continue to move higher towards the $5,750 level. It represents the 1.236 Fib extension level of the last decline from the $5,646 high to $5,206 low. Finally, the main resistance could be $5,918, which is the 1.618 Fib extension level. Looking at the chart, bitcoin price is likely forming an inverse head and shoulders pattern with resistance at $5,600. Therefore, a proper break above the $5,600 level will most likely push the price towards $5,750 or $5,900. Looking at the technical indicators: Hourly MACD - The MACD for BTC/USD is back in the bullish zone. Hourly RSI (Relative Strength Index) - The RSI is currently just below the 50 level. Major Support Level - $5,400 Major Resistance Level - $5,600 The post Bitcoin Price Watch: BTC/USD Could Rebound Towards $5,900 appeared first on NewsBTC.

a day ago

Tron Price Analysis: TRX/USD Break Out Trade, Path Towards Jan 24 Lows

Latest Tron News That the Japanese are open to cryptocurrencies and similar blockchain technologies but concurrently stringent protecting investors is true. So tight are applicable laws that investors who lose their digital assets are guaranteed of a recourse. We have seen that happen with the ongoing Mt Gox Civil Rehabilitation Case. Because it is mandatory for exchanges to register with the country’s Financial Services Agency (FSA), investors are safe. Now, under the fund settlement law of which crypto exchanges must follow since they are platforms for buying and selling digital assets, wallet service providers are exempt. It is understandable, simply because most are platforms where users register for free. From there, they can safely manage their digital assets. Read: Tokyo Police Crackdown on Alleged Crypto Pyramid Scheme, Arrest Eight Individuals But the FSA want to spread their wings and ensure that in case of a failure or the platform swindle their customers by draining all their assets then law and order must prevail. Then again, even if they these wallet providers are not actively buying and selling coins, they do manage payments. Interesting Read: BitPesa Partners with Japanese Insurance Company to Digitize Remittance Service To this end the FSA plans to formulate fitting regulations in line with the international standards for preventing money laundering and terrorism financing set by the Financial Action Task Force (FATF). Possible measures might include internal controls, separate account management of wallet provider funds and customers’, financial statement audit and publication of policies indicating path of recourse should hacks happen. TRX/USD Price Analysis Weekly Chart Perched at 11th, TRX/USD is down 17 percent in the last week. However, in this time frame TRX bears are yet to breach and close below key support levels. As such, our previous conservative TRX/USD trade conditions are not live though there are clear rejection of higher highs from the all-important 3 cents buy trigger and resistance line. From a top-down approach it is clear that the path of least resistance is southwards and with every low, chances of early August bear breakout pattern is likely to be confirmed. As reiterated before, conservative traders should initiate shorts once there are clean breaks below Sep lows at the 1.5 cents double bottoms. Ideally, this break below should be accompanied by high trade volumes with first targets at Jan 24 lows and stops at the bear bar preferably at 1.5 cents. Daily Chart From our previous TRX/USD trade plan, we had mentioned how important it was for bulls to close above 3 cents resistance level nullifying the bear attempts of early August now that prices were trading 90 percent from 2017 highs. But, with relentless sellers trading within a bear flag, the close below the minor support trend line on Nov 14 all printing out with strong volumes—49m from average of 9 million. Because we now have a whole bar below the support trend line, we suggest aggressive traders to sell at spot prices with stops at 2.3 cents with first targets at Aug lows at 1.5 cents. Further losses then ideal bear targets would be as aforementioned at Jan 24 lows. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post Tron Price Analysis: TRX/USD Break Out Trade, Path Towards Jan 24 Lows appeared first on NewsBTC.

a day ago

Dogecoin Price Starts Surging as $0.003 is Within Reach

Even though most of the top cryptocurrencies continue to struggle right now, one has to look well beyond the top five currencies at all times In the case of Dogecoin its value has soared pretty nicely in the past few hours, and it seems the push to $0.003 is still in effect. That is pretty interesting to keep an eye on, especially when considering how so many markets continue to struggle first and foremost. Dogecoin Price Makes Some Good Moves It is always refreshing to see how things evolve in the cryptocurrency world. Although most people tend to overlook Dogecoin in this regard, it is advised not to ignore this altcoin too much. More specifically, Dogecoin is looking rather healthy given the current circumstances, whereas the rest of the top 25 looks to be on rather shaky legs first and foremost. Diversification is key in this industry at all times. Over the past 24 hours, the Dogecoin price has been able to regain some of the previous losses with relative ease. A healthy 5.5% gain in USD value and a 6.5% leap over Bitcoin paint an interesting future for DOGE, even though it still doesn’t have much trading volume. For a coin which recently saw its market cap hit $700m and is now valued at $340m, Dogecoin once again proves to be extremely resilient first and foremost. There are a fair few interesting discussions pertaining to Dogecoin across social media. TradinginTime seems to be convinced Dogecoin is on the verge of entering its buy zone, although this chart was posted after the recent price increase. It is evident traders hope to score some good profits by using Dogecoin, as the other markets have not been extremely helpful throughout most of 2018 in this regard. $doge #dogecoinNearing Buy zone again(probably late december)Tends to finish year weakBut there's likely to be some 20-30% plays for now pic.twitter.com/fnUYQBvgzH — Cᵣyₚₜₒᵣₐᵢdₑᵣ.ᵤₖ (@TradinginTime) November 16, 2018 It is also interesting to note how many people rely on various “metric’ to determine how the cryptocurrency industry may evolve moving forward. In the case of EmptybeerBottle, watching the Dogecoin price seems to be the go-to solution. It is evident that can work out quite well, as Dogecoin has a tendency of completing atypical price movements, which are usually mimicked by other currencies later on. The only trading indicator I use is the #dogecoin price. — Emptybeerbottle (@Fullbeerbottle) November 15, 2018 Dogecoin would not be the meme currency of the internet without a portion of good memes. A wild Dogecoin maximalist has been spotted in this wild, according to Shibatoshi Dogomoto. A very thicc DOGE indeed, although it seems to be somewhat happy with the way the price is evolving right now. Another quality meme for the Dogecoin community. #Dogecoin maximalist. Look how thicc this #DOGE is. pic.twitter.com/kf4F8DBmCq — Shibatoshi Dogomoto (@CEOofDogecoin) November 16, 2018 Unlike other cryptocurrencies, Dogecoin is doing a lot of things right at this time. This further confirms the currency should not be ignored whatsoever, albeit it is evident drawing any conclusions right now would be a bit premature. At the same time, there is a good chance the Dogecoin price will return to $0.003 sooner rather than later. That would be a bullish signal in its own right. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Dogecoin Price Starts Surging as $0.003 is Within Reach appeared first on NullTX.

a day ago

Cardano Price Analysis: ADA/USD Could Resume Losses Below $0.062

Key Highlights ADA price fell sharply and traded below the $0.0700 and $0.065 supports against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0640 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to decline once again if sellers push the price below the $0.0620 support. Cardano price tumbled recently against the US Dollar and Bitcoin. ADA/USD is currently recovering, but upsides are capped near $0.0640 and $0.0675. Cardano Price Analysis In the last analysis, we discussed the chances of more losses below $0.0720 in cardano price against the US Dollar. There was a sharp decline in bitcoin and Ethereum recently, which pushed the ADA/USD pair below $0.0700. The price tumbled and broke many supports like $0.0650 and $0.0620. There was even a break below $0.0600 and the price settled below the 100 hourly simple moving average. The price traded as low as $0.0580 and later started an upside correction. It moved above the $0.0600 level and the $0.0620 pivot level. There was also a break above the 23.6% Fibonacci retracement level of the recent decline from the $0.0774 high to $0.0580 low. However, the upside move was capped by the $0.0650 resistance. Moreover, there is a key bearish trend line formed with resistance at $0.0640 on the hourly chart of the ADA/USD pair. Above the trend line and $0.0650, the next major resistance is near $0.0675. It represents the 50% Fibonacci retracement level of the recent decline from the $0.0774 high to $0.0580 low. The chart indicates that ADA price recovered nicely from the $0.0580 low. However, the price is currently facing a lot of hurdles near $0.0640 and $0.0650. If buyers fail to push the price above $0.0650 or $0.0675, there could be a fresh decline below $0.0620 and $0.0600. Hourly MACD - The MACD for ADA/USD is about to move back in the bearish zone. Hourly RSI - The RSI for ADA/USD is currently just below the 50 level. Major Support Level - $0.0620 Major Resistance Level - $0.0650 The post Cardano Price Analysis: ADA/USD Could Resume Losses Below $0.062 appeared first on NewsBTC.

a day ago

OTCXN Launches Crypto Trading for Institutional Investors

In a press release, one of the major financial services infrastructure company OTCXN has announced the launch of its OTC Block Trading platform for institutional clients. The platform will enable institutional trading of cryptocurrency. Key Highlights of OTC Block Trading Platform OTCXN is a San Francisco-based blockchain powered capital market firm, providing global liquidity services thus eliminating the need for intermediaries in trading. As per the statement, its new platform aims to offer a multi-custodian solution and greater liquidity for institutional investors. It executes trading of large crypto-to-crypto and crypto-to-fiat, fiat-to-fiat transactions. Very pleased to announce the launch of OTCXN's Block Trading venue! https://t.co/Ehv1s0UUG3 Institutional clients have begun OTC trading of Fiat and Crypto with no counterparty or settlement risk. Or initiator risk! #Crypto #Blockchain #Custody #FX #Cryptocurrencies — OTCXN, Inc. (@OTCXN) November 13, 2018 OTC Block Trading is the latest innovation by OTCXN which has achieved after the prior testing to determine its effectiveness. This capital market has already singed US-regulated custodians’ kingdom Trust and Prime Trust to facilitate bring more users. Both Trusts are SEC-authorized which will offer custody services for trading venues, utilizing OTCXN technology. Moreover, it assists them in clearing and settlement of OTC block trades. The cold storage wallet eliminates the risk of loss and the blockchain layer ensures transactions are transparent, cryptographic and unalterable. Rosario M. Ingargiola, CEO, and Founder of OTCXN embrace “We are extremely pleased to announce that our institutional clients are now trading with each other on our OTC Block Trading venue. Clients can now trade without risk to their counterparty and without waiting for settlement payments to hit their account or wallet. The immediate re-tradability of crypto assets with no public ledger transactions means more trading opportunities for our clients,” OTCXN uses proprietary blockchain technology, real-time collateral management, asset digitization, and various trading venues to make it tradable using a single account at a custodian on the network. However, OTCXN is not the new entrant to provide custodian services, rather, Coinbase, Nomura Japanese financial holding, and SIX Group are also in a row already offering trading services to institutional clients. The post OTCXN Launches Crypto Trading for Institutional Investors appeared first on Coingape.

a day ago

Ripple Price Analysis: XRP/USD Facing Uphill Task Near 100 SMA

Key Highlights Ripple price recovered nicely and moved above the $0.4500 and $0.4600 resistances against the US dollar. Yesterday’s highlighted key bearish trend line with resistance at $0.4660 was breached on the hourly chart of the XRP/USD pair (data source from Kraken). The pair will most likely face a strong selling interest near the $0.4860 and $0.4900 resistances. Ripple price managed to correct higher against the US Dollar and Bitcoin. However, XRP/USD is likely to struggle near $0.4900 and the 100 hourly SMA. Ripple Price Analysis Yesterday, we saw a nasty decline in ripple price below the $0.5000 support against the US Dollar. The XRP/USD pair broke the $0.4600, $0.4500 and even $0.4200 support. It traded towards the $0.4000 level and formed a low at $0.4020. Later, the price started a decent upside recovery and moved above $0.4500. Buyers managed to push the price above the 23.6% Fib retracement level of the last slide from the $0.5208 high to $0.4020 low. More importantly, yesterday’s highlighted key bearish trend line with resistance at $0.4660 was breached on the hourly chart of the XRP/USD pair. The pair is currently trading near the $0.4800 resistance. Besides, the 61.8% Fib retracement level of the last slide from the $0.5208 high to $0.4020 low is acting as a resistance. Above $0.4800, the main resistance is near the $0.4860 and $0.4900 levels. The 100 hourly simple moving average is also positioned near the $0.4920 level to act as a strong resistance. Therefore, it won’t be easy for buyers to clear the $0.4860, $0.4900 and $0.4920 levels. Looking at the chart, ripple price may perhaps consolidate in the short term above $0.4700. Finally, there could be an attempt to clear the $0.4900 resistance. On the downside, the key support is at $0.4500 followed by $0.4200. Looking at the technical indicators: Hourly MACD - The MACD for XRP/USD is back in the bullish zone. Hourly RSI (Relative Strength Index) - The RSI for XRP/USD is now above the 50 level. Major Support Level - $0.4500 Major Resistance Level - $0.4900 The post Ripple Price Analysis: XRP/USD Facing Uphill Task Near 100 SMA appeared first on NewsBTC.

a day ago

French Financial Markets Regulator Estimates ICOs Have Raised $21.9B Globally

France’s financial markets regulator, the Autorité des marchés financiers (AMF), has published a report examining trends relating to initial coin offerings. The AMF describes ICOs as a “marginal” method of financing, estimating that the global ICO industry has raised €19.4 billion ($21.9 billion) since 2014. Also Read: Russian Developers to Help Iran Build Its Crypto-Economy Significant Centralization of Capital The AMF report notes an “acceleration” in ICOs over the last two years. It estimates that €5.6 billion ($6.3 million) was raised via ICOs in 2017, equating to 1.6 percent of global equity financing for that year. Throughout 2018, the regulator estimates that ICOs have raised €13.4 billion ($15.1 billion) so far, accounting for 69 percent of the total raised by all ICOs since 2014. The AMF report also points to a significant centralization of capital within the ICO sector. It estimates that just 17 ICOs have raised approximately 40 percent of the total sum generated by the industry thus far. French ICOs Grab ‘Modest Share’ of Global Sector The AMF describes French ICOs as “accounting for a modest share of this new type of financing.” The report estimates that a total of 15 ICOs have collectively raised €89 million ($100.5 million), meaning that French token sales have represented just 0.46 percent of the total sum raised by the global ICO industry. While the majority of ICOs have focused on “blockchain or trading applications,” the AMF believes that projects are now increasingly “diversifying into other sectors.” It also notes that “most of the upcoming ICO projects” have previously raised financing through “traditional funding channels.” In addition, the AMF reports that the majority of ICOs thus far have taken place in the United States. AMF Advocates International Regulatory Cooperation The AMF argues that the key “success factors of an ICO” include the need for robust and transparent anti-money laundering procedures. The report also emphasizes the need for “appropriate regulation” to guide the ICO industry. The AMF claims that “given the cross-border nature of these projects, the diversity of regulatory approaches at the international level is a point of vigilance.” It adds that “in this context, international and European cooperation is essential” in the identification of fraud and the development of coherent regulatory frameworks. Do you think that ICOs have reached their peak this year? Or is more growth in sight? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Wikipedia At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post French Financial Markets Regulator Estimates ICOs Have Raised $21.9B Globally appeared first on Bitcoin News.

a day ago

Ethereum Price Analysis: ETH/USD Remains Sell On Rallies Near $186

Key Highlights ETH price found support near the $165 level and later recovered slightly against the US Dollar. There was a break above a short term bearish trend line with resistance at $173 on the hourly chart of ETH/USD (data feed via Kraken). The pair could trade above $180, but it could face a strong resistance near the $186 level. Ethereum price is currently consolidating against the US Dollar and bitcoin. ETH/USD is likely to face a strong resistance near the $186 and $190 levels. Ethereum Price Analysis Yesterday, we saw a major downside move below the $170 level in ETH price against the US Dollar. The ETH/USD pair traded as low as $165 and later started a short term recovery. It moved above the $170 and $175 levels and later started consolidating in a tight range. The price also moved above the 23.6% Fib retracement level of the last decline from the $208 swing high to $165 low. More importantly, there was a break above a short term bearish trend line with resistance at $173 on the hourly chart of ETH/USD. The pair is currently struggling to clear the $180 resistance area. Above $180, the next resistance is near the $186 level. It represents the 50% Fib retracement level of the last decline from the $208 swing high to $165 low. Therefore, if the price continues to move higher, it is likely to face a strong selling interest near $180 or $186. A close above $186 may open the doors for a push towards $200. Looking at the chart, ETH price is showing positive signs above the 170 level, but it won’t be easy for buyers. On the downside, an initial support is at $172 followed by $170. If there is a break below the recent low of $165, the price could drop to $160. Hourly MACD - The MACD is currently placed in the bullish zone. Hourly RSI - The RSI managed to move above the 50 level. Major Support Level - $170 Major Resistance Level - $186 The post Ethereum Price Analysis: ETH/USD Remains Sell On Rallies Near $186 appeared first on NewsBTC.

a day ago

Ripple Price Analysis: Ripple Reclaims The Number 2 Ranked Position Ahead of Ethereum

Ripple has seen a solid 24 hour trading period as the rest of the market sinks. It has seen an increase in price totaling 3.40% over the last 24 hours as the currency now trades at the $0.4736 handle, at the time of writing. Key Highlights: Ripple has managed to weather the overall cryptocurrency storm. The project has recently taken over Ethereum to claim number 2 rankings. Support moving forward; $0.4702, $0.45, $0.4091, $0.3825, $0.3429, $0.30, $0.2478. Resistance moving forward; $0.50, $0.5317, $0.5933, $0.6378, $0.70, $0.7345, $0.7866, $0.8612 Ripple has succeeded in taking over Ripple in the number 2 ranked position in market cap rankings. It currently holds a $19.51 billion value market cap after the 63-month-old project sees a strong 90 day period as price action increased by over 32% The market is now trading at a value that is 86% lower than the all-time high price. Let us continue to analyze price action for Ripple over the short term and proceed to highlight any potential areas of support and resistance. Ripple Price Analysis XRP/USD - SHORT TERM - DAILY CHART Chart Source by Tradingview Analyzingg price action from the short term perspective above we can see that ripple had found a strong form of support at a downside 1.618 Fibonacci Extension level (drawn in red) priced at $0.2478 during September 2018. The market used this position to remain above the $0.25 handle. Toward the end of September, we had seen a meteoric rise when price action began at a low of $0.2528 and rose to a high of $0.7978. This was a total increase of over 210% from low to high. We can see that price action has since retraced from this high and has continued to decline until dinding support at the short term .786 Fibonacci Retracement level (drawn in green) priced at $0.3825. The market downturn rebounded from this level and started to rise to a high just above $0.50. We can also see that price action was relatively unscathed during the market collapse yesterday. Price action dipped to support at a low of $0.4091 provided by the downside 1.272 Fibonacci Extension level (drawn in red) before bouncing and closing back above $0.47. Moving forward, if the bulls progress to push price action higher within this market we can expect immediate resistance above to be located at the $0.50 handle followed by the .5 Fibonacci Retracement level (drawn in green) priced at $0.5317. Further resistance above this level can then be located at the .382 Fibonacci Retracement level priced at $0.5933. If the buyers can persist to push market action above the resistance at $0.63. handle we can then expect higher resistance to be located at the 1.272 and 1.414 Fibonacci Extension levels (drawn in blue) priced at $0.7345 and $0.7866 respectively. The last level of resistance above to highlight is the 1.618 Fibonacci Extension level (drawn in blue) priced at $0.8614. On the other hand, if the sellers re-enter the market and push price action lower we can expect immediate support below to be located at the downside 1.272 Fibonacci Extension level (drawn in red) priced at $0.4091 followed by the .786 Fibonacci Retracement level (drawn in green) priced at $0.3825. The post Ripple Price Analysis: Ripple Reclaims The Number 2 Ranked Position Ahead of Ethereum appeared first on Coingape.

a day ago

Litecoin Price Analysis: LTC/USD Remains Sell Near $45

Litecoin price declined further below the $40.00 level against the US Dollar. LTC/USD is currently correcting higher, but it could face sellers near $45.00. Key Talking Points Litecoin price extended declines and spiked below the $40.00 handle (Data feed of Kraken) against the US Dollar. There was a break above a short term consolidation pattern with resistance at $42.10 on the hourly chart of the LTC/USD pair. LTC price could correct further, but it is likely to face resistance near the $44.00 or $45.00 level. Litecoin Price Forecast Yesterday, we saw a major decline below the $50.00 support in litecoin price against the US dollar. The LTC/USD pair fell significantly and traded below the $46.00 and $44.00 support levels. Looking at the chart, LTC price recently extended declines and spiked below the $40.00 handle. A new yearly low was formed at $39.62 and the price is now trading well below the $48.00 pivot level plus the 100 hourly simple moving average. Recently, the price recovered and moved above the $40.00 and $41.00 levels. There was also a break above the 23.6% Fib retracement level of the last decline from the $50.00 swing high to $39.62 low. More importantly, there was a break above a short term consolidation pattern with resistance at $42.10 on the hourly chart of the LTC/USD pair. The pair is currently consolidating near the $44.00 resistance with a few positive signs. However, there are many resistances on the upside near the $45.00 level. Above $45.00, the 61.8% Fib retracement level of the last decline from the $50.00 swing high to $39.62 low is likely to act as a major hurdle near the $46.00 level. Therefore, if the price corrects higher, it will most likely struggle near the $45.00 or $46.00 resistance level. On the downside, an initial support is at $42.00, below which the price may revisit the $40.00 level. Overall, litecoin price is slowly recovering, but it could complete the current correction wave near the $45.00 or $46.00 level, and later resume its decline. The market data is provided by TradingView. The post Litecoin Price Analysis: LTC/USD Remains Sell Near $45 appeared first on Ethereum World News.

a day ago

Bitcoin Cash Price Analysis: BCH/USD Accelerating Declines Below $400

Key Points Bitcoin cash price extended losses and traded below the $400 level against the US Dollar. There are two key bearish trend lines in place with resistance at $420 and $450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses below the $360 level in the near term. Bitcoin cash price traded below the key $400 support against the US Dollar. BCH/USD could correct higher, but sellers are likely to appear near $420 or $450. Bitcoin Cash Price Analysis Yesterday, we discussed that bitcoin cash price could extend losses below $400 against the US Dollar. The BCH/USD pair corrected a few points recently, but it failed to break the $450 resistance. Later, there was a sharp downside move and the price declined below the $420 and $400 supports. A new low was formed at $360 and the price is now trading well below the 100 hourly simple moving average. At the moment, the price is consolidating losses around the $380 level. It seems like the 23.6% Fib retracement level of the last slide from the $451 high to $360 low is acting as a resistance. Moreover, there are two key bearish trend lines in place with resistance at $420 and $450 on the hourly chart of the BCH/USD pair. The first bearish trend line coincides with the 50% Fib retracement level of the last slide from the $451 high to $360 low. Therefore, the $400-405 zone could prevent gains in the near term. Looking at the chart, BCH price could correct a few points above $390. However, buyers are likely to struggle near $400, $405, $420 and finally $450. On the downside, the next target for sellers could be $350. Looking at the technical indicators: Hourly MACD - The MACD for BCH/USD is slightly placed in the bullish zone. Hourly RSI (Relative Strength Index) - The RSI for BCH/USD is currently flat near the 40 level. Major Support Level - $360 Major Resistance Level - $405 The post Bitcoin Cash Price Analysis: BCH/USD Accelerating Declines Below $400 appeared first on NewsBTC.

a day ago

Bitcoin (BTC) Price Analysis: Potential Pullback Zone

Bitcoin sold off sharply yesterday but is now finding support at the bottom of its falling wedge formation. A bounce could take it up for a pullback to the nearby resistance area, which lines up with the top of the wedge. Applying the Fib retracement tool on the latest swing high and low shows that the 61.8% level lines up with this area of interest. This also coincides with a former support area around the $6,000 mark where short-term buyers might be looking to book profits off a quick bounce. RSI has reached the oversold region to signal that sellers are feeling exhausted and could use a break. However, the oscillator would need to turn higher to indicate a return in bullish momentum. Stochastic has a bit more room to fall before reflecting oversold conditions, which means that sellers might still have enough energy left in them. Bitcoin has tumbled below key support areas on prevailing uncertainty related to the Bitcoin Cash hard fork. The digital asset is still in the middle of a “mining war” as the community is struggling to reach a consensus on which version to support. This could lead to the existence of two separate versions of the cryptocurrency, leading investors to worry that this type of issue might also arise at some point for bitcoin. With that, it’s understandable that the concerns have led retail and institutional investors to take some money off the table and wait for the situation to settle. Of course FUD has led other sellers to join in for fear of further declines in bitcoin price. Analysts have warned that it could take months to undo this recent slide. Although bulls continue to defend these current levels, it’s a bit worrisome that yearly lows are being tested, which means that this might be the line in the sand. The post Bitcoin (BTC) Price Analysis: Potential Pullback Zone appeared first on Ethereum World News.

a day ago

Blockchain Life 2018

CoinSpeaker Blockchain Life 2018 The global industry event was attended by leading companies in the industry, including: world cryptocurrency exchanges (Okex, Huobi, etc.), mining giants Bitmain, Bitfury and Btc.com, creators and top managers of key cryptocurrencies (Bitcoin Gold, NEM, etc.), leading Asian funds, investing in blockchain startups. In two days, the forum gathered more than 4,000 participants from different cities and countries. In one place, it was possible to collect cryptocurrency funds from around the world, private investors, representatives of top coins, crypto traders, owners of ICO projects, entrepreneurs, developers, miners and novice crypto enthusiasts. On the forum was announced a new equipment from leading developers, international companies entered into partnerships on the main stage on the forum and on the sidelines, and the participants were able to personally communicate with world industry leaders. Industry leaders gave unique presentations at the forum: Roger Ver (Bitcoin.com), Sergey Khitrov (Listing.Help, Icotop.io), Anatoly Kaplan (ForkLog), Vit Jedlička (President of Liberland), Tone Vays (Trader and Analyst), Jason Hu (World Blockchain Organization), Khalid Dianov (BigX) and other leading industry representatives. The key moment of the forum was the thematic section “The State and Blockchain”, which was attended by the head of the working group on cryptocurrencies in the State Duma Elina Sidorenko, advisor to the chairman of the board of Vnesheconombank Vladimir Demin, adviser to the Governor of St. Petersburg Artem Sheykin, member of the expert council on digital economics and blockchain technologies of the State Duma of the Russian Federation Venera Shaidullina. The section was moderated by the main organizer of the forum - Sergey Khitrov. Demin, calling for the popularization of technology, sais: “Some project and it has the word blockchain, then this is necessarily the leading project of the company. Even if the blockchain is not needed there in any way. And we need this bubble of mistrust, we need to pierce at least once. As soon as people see that it works and brings some benefits, we will immediately see another attention to our industry. ” One of the most memorable episodes of the forum is the presentation of ICO-projects by investors and crypto funds from different countries - from Italy to China. As part of the ICO Pitch, 15 innovative projects were made, of which three of the most promising were noted: the HYGH media advertising providers platform, the CoinStruction multi-functional cryptocurrency exchange system, and the Blueshare token. The organizer of the forum is the leading global agency for listing projects on cryptocurrency exchanges - Listing.help. General sponsor of the forum was the international platform Goldjob. Among the partners of the conference it is worth mentioning the Swiss stock exchange for digital assets - BigX. Diamond forum sponsors: market leader in listing projects on Listing.Help cryptocurrency exchanges, Bitlish cryptocurrency exchange, ICOTOP rating agency and SIMEX cryptocurrency exchange. After the enchanting success of the forum in Russia, the organizers are planning to hold an event in the heart of Asia - Singapore, in the spring of 2019. Blockchain Life 2018

2 days ago

Report: ICO Funding Stumbles in Q3, Regulation a Primary Factor

A recent report details just how weak initial coin offering (ICO) fundraising is becoming amidst the persisting 2018 crypto bear market, with Q3 being the least successful fundraising quarter for ICOs so far this year. ICO Fundraising Drops Sharply in Q3 The report, which was conducted by independent research firm, ICORating, notes that a total of just over $1.8 billion was raised by a total of 597 ICO projects in Q3 2018, down significantly from the over $8.3 billion that was raised in Q2 2018. Earlier this year, investors were clamoring to throw money into just about any ICO project that asked for it, but the persisting bear market and poor performance of tokens has led to increased fundraising difficulty, with 57% of ICO projects not being able to raise more than $100,000 USD. Although most ICO tokens that are available for trading have had a terrible year, the report also explains that only 4% of ICO tokens have actually been listed on exchanges, making them an incredibly illiquid and risky investment. Related Reading: German Regulator Advises Investors to “Keep Their Hands Off” ICOs Factors Behind ICO Fundraising Drop The report specifically notes that there are multiple primary factors contributing to the drop in ICO fundraising, including the high frequency of scams and fraud, uncertainty regarding regulation, a decline in value of some of the most hyped ICO products from earlier this year, and a general disappointment in the state of the markets. A lack of transparency within many projects is one source of fear for investors, as it leads to increased uncertainty regarding how trustworthy the team leading the project is. The fear that stems from a lack of transparency in the industry is due to the amount of news regarding ICO-related exit scams. “The market in Q3 shows signs of overall disappointment in traditional ICOs as a means of venture financing... The key problem with ICOs is that a vast number of them are scams or scam-like projects...” Furthermore, regulatory uncertainty regarding the ICO industry is a huge contributing factor behind the drop in fundraising, as it is likely that many of the tokens resulting from ICOs are in fact securities products. The report discusses this factor, saying that “a vast number of them [ICOs] are scams or scam-like projects, and the fact that some tokens sold were actually securities, meaning that they violate U.S securities law, forcing the Securities and Exchange Commission (SEC) to take action.” Recently, the U.S. SEC released a report that said reducing ICO-related fraud is among their top priorities. In the SEC’s annual 2018 enforcement report, the regulatory authority explained that the complex technological nature of ICOs makes them the perfect venue for scamming unsuspecting retail investors, and their international nature makes it difficult to enforce existing laws that are being violated by nefarious projects. “Additionally, in partnership with the Division’s Cyber Unit and Microcap Fraud Task Force, as well as the Division of Corporation Finance’s Digital Asset Working Group, the RSTF has launched a lead-generation and referral initiative involving trading suspensions related to companies that purport to be in the cryptocurrency and distributed ledger technology space,” the SEC explained. Although ICOs were a popular fundraising method in 2017 and early-2018, as regulations begin unfolding they may increasingly become an inefficient and legally dangerous way for projects to raise money. Featured image from Shutterstock. The post Report: ICO Funding Stumbles in Q3, Regulation a Primary Factor appeared first on NewsBTC.

2 days ago

BitMax.io, the Innovative Digital Assets Trading Platform, Partners with Lambda, a Blockchain Infrastructure and Storage Solutions Provider

BitMax.io, widely regarded as a top-tier and highly innovative cryptocurrency trading exchange, recently struck a strategic partnership with Lambda, a blockchain infrastructure project that builds scalable blockchain solutions, decentralized applications (DAPPs), data storage with unlimited scalability, and more. In this partnership, BitMax.io will manage Lambda’s primary token listing on the BitMax.io global platform. Details regarding release dates, trading pairs, and other relevant information will be announced over the upcoming weeks on BitMax.io’s official channels. This project holds a great deal of potential, and it brings together two pioneering players in the fields of blockchain and cryptocurrency exchange. By leveraging the strategic expertise of BitMax.io in the field of crypto trade and investment and by launching its digital token on the BitMax.io platform, Lambda will be able to continue focusing on the development of innovative blockchain ecosystems and advanced architecture designs while continuing to work on and improve user experiences and feature-rich solutions across the fields of data storage, AI, public data access, and more. The listing and future collaboration with Lambda also benefits BitMax.io: by being the exchange of choice by a project as well-funded as Lambda, and by being able to work in close collaboration with another highly regarded blockchain company, BitMax’s credibility as a reliable strategic partner is considerably strengthened, and it attests to BitMax’s ability to provide trading services as well as technical expertise to blockchain clients. There are many similarities between both companies, each of which makes this partnership even more interesting. BitMax.io is a respected global operator of digital asset trading services that caters to a wide range of clients, both private as well as at the institutional level. It was founded using blue-chip investments from the very best venture capital firms, including Bitmain, FBG Capital, Matrix Partners China, and more. Since its launch in August 2018, BitMax.io has enjoyed considerable success, growing its user base to over 50,000 and providing 25 active trading pairs to the public, with new trading pairs and listings currently under review. Very similar to BitMax.io, the Lambda project is also highly regarded in crypto and blockchain circles, and it also received an enthusiastic response from venture capital firms. It, too, was funded by Bitmain and FBG Capital, along with Metropolis VC, INBlockchain, NEO Global Capital, and more. Overall, the project raised several million dollars in funding, making Lambda one of the most dynamic and high-profile entrants to the crypto space in recent memory. Much of the attraction in using BitMax.io’s services come from the fact that BitMax.io relentlessly focuses on transparency, high-performance, security, and liquidity. Furthermore, it has a truly global team that has consistently raised the bar in terms of reliability and client services. By providing 24/7/365 global trading services, real-time settlement, trading fees of 0.04% - the lowest in the industry - not to mention the introduction of innovative trading models such as trans-fee-mining in which traders can actually earn revenue via trading on the BitMax.io platform, choosing BitMax.io for the Lambda listing was an easy choice to make, and Lambda will benefit from the exposure it receives as a high-priority listing on the BitMax.io platform, further solidifying its brand as a key player in the blockchain and DApps spaces. As BitMax.io innovates in the field of crypto trade and investment, Lambda innovates in the fields of storage and data sharing. Using implementations of Lambda Chain and Lambda DB, Lambda is redesigning blockchain-based storage by achieving multi-chain data co-storage, cross-chain data management, data privacy protection, provable data possession (PDP), and distributed intelligent computing, all of which are bleeding-edge concepts in the fields of blockchain data transmission and storage. Lambda differentiates itself from most blockchain applications by building a datastore infrastructure for blockchains, which is provided with a plurality of its own chains for charging, transactions, encryption, and access control. It achieved this using academic research and engineering verification, eliminating the problems of decentralized storage, while addressing critical issues in cloud computing such as Provable Data Possession (PDP) and Proofs of Retrievability (POR), facts which make Lambda unique. Beyond the partnership, BitMax.io and Lambda continue their work in their respective fields. BitMax.io maintains its focus on solving the most pressing problems and challenges facing traders and investors today in the exchange space, such as low transactions per second, an inability to execute large volumes of trades, high trading fees, a lack of efficient order matching systems, and clunky user interfaces. BitMax.io,

2 days ago

When Forgery Is Unthinkable: Blockchain And The $40bn Art Market

To the uninitiated, blockchain and art are two different worlds. But just as technologists have learned to be creative in their thinking, so creative thinkers have learned to be tech-savvy in their actions. As anyone who has seen Ocean’s 11 will attest, thieves can be some of the most creative pros in the world. Distributed ledger technology (DLT) combines these disparate worlds to solve an age-old problem: finding the artistic fakes and the thieves, and proving creative authenticity through technology. It’s a huge problem that has persisted for centuries, one that’s affected masters such as Picasso, da Vinci, and Van Gogh. These stats may surprise you. More than 9 in 10 antiquities for sale on eBay are suspected to be fake. In the U.K., more than $480 million in artwork is stolen each year. Ninety percent (90%) of museum thefts involve an insider (making criminal prosecution difficult). Nearly 100,000 pieces stolen by the Nazis during World War II are still missing, according to research firm Havocscope. Blockchain is made for art So how does blockchain help artists? By immutably capturing on a shared database the originality and veracity of a masterpiece or rare collectible. Tracking these prized items and securing their records creates a chain of custody that documents the sequence of control, ownership and transfer of the pieces. That includes recording an artwork’s history such as timestamps of key events: auctions, prices, shipment and other verified information without necessarily disclosing sensitive info, such as identities of (millionaire or billionaire) owners. Blockchain builds trust and instills confidence in stakeholders in an industry whose participants face the continuing risk of theft, forgery, and unauthorized copies of high-priced masterpieces or scarce collectibles. That’s exactly what New York-based Artory is providing for the world’s leading art collectors and auction houses. This week, the blockchain-powered company recorded a $318 million auction in New York on The Artory Registry which stores key information on a digital ledger and issues (anonymous) ownership certificates along with other digital signatures that protect investors, brokers and creators themselves. “The sale ... marked the first time an art auction at this price level has been recorded on a blockchain, via a secure digital registry administered by Artory,” leading auction house Christie’s announced on Nov. 13. And collectibles aren’t far behind Aside from physical artwork and collectibles, blockchain has use cases for Web 3.0 digital works such as CryptoKitties and the hundreds of copycats (pun intended) expected to follow it. The viral sensation is stored on the Ethereum network from which users can care for and breed one-of-a-kind, virtual kittens. Like traditional collectibles, CryptoKitties can be bought and sold. It’s reasonable to expect similar concepts in the future, from virtual superheroes to digital athletes to sexy, bikini-clad personas that users can develop on blockchain and sell for profit. These avatars represent the future idolatry of the young crowd — as their minds are wrapped around electronic realities. Digital scarcity therefore is an emerging business opportunity for operators who are able to leverage blockchain tech and guarantee an item’s authenticity. The Art Market Report estimates that global art is at least a $40 billion market while the collectibles market is around $200 billion. Human beings are, like jackdaws, collectors. We pay millions for copies of Superman comics, Mustangs made famous Steve McQueen, and - of course - artworks. Those millions are ill-spent if the items in question are as common as those of us who glory in their genius. Beyond the world of collecting, the Greek philosopher Aristotle viewed technology as an extension of nature. Blockchain tech is groundbreaking because, just like nature, it gives creators the god-like power to create unique objects or “living” avatars and creatures that can never be forged or copied. Through nature’s extension, technology, man can bring to life heretofore non-existent personas based on his interpretation of what the universe should be. And now, they’re patentable. The author holds digital assets but none mentioned in this article. The post When Forgery Is Unthinkable: Blockchain And The $40bn Art Market appeared first on Crypto Briefing.

2 days ago

Fake Mobile Cryptocurrency Wallet Apps Found on Google Play Store

A recent discovery shows the presence of phony cryptocurrency wallets found on the Google Play Store. The fight against malicious apps seems not to be ending any time soon. Fake Wallets: The Latest Scheme by Cryptocurrency Thieves According to The Next Web, European cybersecurity researcher, Lukas Stefanko, discovered that four fake virtual currency apps claimed to offer wallet services for NEO, MetaMask, and Tether. Further findings by Stefanko revealed that the fake apps divided into two groups - phishing and plain counterfeit wallets. The fake MetaMask app fell into the phishing category. After the user installs the fake app, it would request for the user’s sensitive details such as private keys and wallet password. Provision of these details would cost the victim his/her virtual coins. A screenshot by Stefanko showed that the fake MetaMask app had over 500 downloads and a 2.8-star rating by 48 reviewers. The real MetaMask app, however, does not have any app on the Google Play Store but is a web browser extension for Mozilla Firefox, Google Chrome, and Opera. In contrast, the other group consists of fake wallets, and this is the category into which the other three fake wallets fall. Two of them masqueraded as NEO wallets, while the third pretended to be a wallet for Tether. The fake apps display the scammer’s public address without access to the private key for the user, as the scammer owns the private key. Any cryptocurrency fund deposited into the fake wallet directly goes to the attacker’s wallet. The user cannot withdraw funds because he/she does not possess the private key. Furthermore, research showed that the scammers used AppyBuilder, a drag and drop mobile app builder platform, to create the fake apps. Anyone can use the app builder, as coding skill is not a requirement. The number of scammed victims cannot is unclear. Google has, however, removed the fake wallets from its Play Store. Tech Companies Going Hard on Cryptocurrency Ethereum World News recently reported the presence of a fake EOS wallet on Google Play Store. This was the latest attempt by hackers to steal funds from unsuspecting victims. A Brazilian developer company discovered and reported the malicious app to Google who promptly removed the app. In August, there was also a report another scam app on the Android Google Play Store. Victims paid $390 to an app that called itself “Ethereum,” that claimed to sell one Ethereum for the exorbitant amount. What they got was a picture of the Ethereum logo. In Q3 of 2018, Google announced the ban of mobile virtual currency mining from Play Store. This was in addition to its earlier mining script ban. The American tech giant, Apple Inc., also updated its developer guidelines. Part of the new rules banned iPhone users from mining cryptocurrency. Image courtesy of Shutterstock. The post Fake Mobile Cryptocurrency Wallet Apps Found on Google Play Store appeared first on Ethereum World News.

2 days ago

Bitcoin Price Analysis: BTC/USD What Caused That Sharp Drop?

Bitcoin volatility finally picked up but unfortunately for bulls, price tumbled below the bottom of its symmetrical triangle consolidation pattern. This signals that further declines are in the works, likely lasting by the same height as the chart formation. The moving averages are still oscillating, though, and have yet to catch up to the sharp drop. Once the 100 SMA moves below the longer-term 200 SMA, more selling pressure could be seen. These moving averages are also close to the broken triangle support to add to its strength as potential resistance on a pullback. RSI has made its way down to the oversold region to signal that sellers are already tired and may let buyers take over. The oscillator would need to pull out of this area to signal a return in bullish pressure. Stochastic seems to be attempting to move higher to signal that buyers are regaining control. Bullish divergence can also be seen as the oscillator had higher lows while price had lower lows. Bitcoin bulls typically defend long-term support zones as they wait to buy on dips. The same case could be seen here, although it’s also worrisome that bitcoin has slumped below the $5,800 key support area. The drop is being blamed on the Bitcoin Cash hard fork that has reminded traders of the “crypto civil war” that could also impact other cryptocurrencies down the line. There has been a lot of uncertainty leading up to this particular upgrade as the community couldn’t seem to reach a consensus before the split. Still, there are several positive factors to look forward to for Bitcoin and its peers, so there may still be a chance for a reprieve. Institutional investment is still seen to be the main catalyst for a big rebound, most likely early next year, although the SEC decision on Bitcoin ETF applications could also make an impact. Images courtesy of TradingView The post Bitcoin Price Analysis: BTC/USD What Caused That Sharp Drop? appeared first on Live Bitcoin News.

2 days ago

KuCoin raises $20 million from IDG Captial, Matrix Partners, and NEO Global Partner

Image source: https://www.coindigital.com According to the latest announcement, a Singapore based cryptocurrency exchange, KuCoin has has pulled in $20 million. Hot on the heels, the big players contributing to the platforms were, IDG Captial, Matrix Partners, and NEO Global Capital. The key purpose of pulling such a huge fund is to expand the reach of KuCoin and its adoption globally. Nevertheless, crypto funding often comes through the sale of tokens but not in the case of KuCoin. It has confirmed that the new funding comes in equity and not a sale of tokens. Michael Gan, CEO of KuCoin embraces the deal and notes “it will open new doors” for the firm. Key Highlights of KuCoin Funding Process and Purpose Reinvigorate KuCoin’s services The fund will utilize to launch Platform 2.0 (probably in Q1, 2019) It proposes to upgrade its platform by making it more than a single exchange. However, it aims at boosting KuCoin as the “most secure, dynamic and malleable trading”. KuCoin intends to expand to major countries namely, Vietnam, Italy, Turkey, Russia before the end of 2018. Likewise, KuCoin endeavors to drive up to 10 markets within the next six months With the new funding, exchange wants to be a global brand for blockchain technology. To expand its reach, the firm claims to offer its services in multiple languages It’s still uncertain that whether or not the firm will adhere to regulatory measures in NewYork but to expand itsservice in Europe, it is working closely with European regulators. Established in September 2017, KuCoin has first started its exchange raising y raising 5500 Bitcoin through an ICO which was eventually worth around $27.5 million. At present, the exchange is 49th largest exchange with $25 million daily trading volume. To mark its funding from VCs, Michael Gan assure to fulfill their vision, stating that; “I believe one day everything will function with blockchain technology. And with our newly formed partnerships, we will build on today’s momentum and fulfill this vision.” The post KuCoin raises $20 million from IDG Captial, Matrix Partners, and NEO Global Partner appeared first on Coingape.

2 days ago

Bitcoin Cash might be the hot topic of Bitcoin forks right now, but there are plenty more

When Satoshi Nakamoto introduced the world to the first cryptocurrency - he launched Bitcoin as an open-sourced technology. Since then, numerous forks have entered - and left - the cryptocurrency market. There are several reasons why a fork might happen, such as a proposed change to protocol because a pioneer might perceive a flaw in the algorithm or system of a particular blockchain and might think they have a potential solution. A big issue for which Bitcoin has been criticized is the troubles of scalability, particularly pertinent to the number of transactions that can be processed at any given time. The crypto-cupboard of forks is not lacking, with some more respectable than others. Three of the most prominent Bitcoin forks are Litecoin, Bitcoin Cash, and Bitcoin Gold but there are countless (okay, counted - but many) other forks to look at. Litecoin Litecoin was launched in order to be the ‘silver’ to Bitcoin’s ‘gold.’ At a quick look, the notable differences between Bitcoin and Litecoin are their coin limit, algorithm, and average block time. On the other hand, Litecoin is similar to Bitcoin as it is generated by mining. However, former Google employee Charlie Lee, the creator of Litecoin made one fundamental change for end-users: it is four times quicker to mine a Litecoin block, taking only two and a half minutes as opposed to Bitcoin’s ten. With a faster transaction speed - or block time - than Bitcoin, it also reduces the risk of double spending attacks, minimizes time for confirmation, and allows higher volumes of transactions. Litecoin comes with its own set of issues, however, and the algorithm creates a proportionally larger blockchain and we don’t know yet how it will be able to handle a massive volume of transactions if the need arises. Bitcoin Cash Like Litecoin, Bitcoin Cash was also born out of the want to sort out some of the pressing issues of Bitcoin’s scalability. While Litecoin looks to speed up transactions, the main goal of Bitcoin Cash goal is to increase the number of transactions that can be processed by the network. It does this by enabling the increase of the block size from one megabyte to eight megabytes in the hopes that the currency will be able to cope with the huge volumes of traffic that massive companies (such as PayPal and Visa) need to handle, making transactions cheaper and more viable for easy payments. A key difference with Bitcoin Cash is that it features an adjustable level of difficulty to ensure that block verifications remain at a constant speed despite increasing or decreasing numbers of miners verifying transactions. While this is also a viable solution, it has raised concerns that Bitcoin Cash may not be as secure as its forebear. Launched in August 2017, Bitcoin Cash has become Bitcoin’s most successful offshoot, but it’s not the only fork that has stemmed from the original cryptocurrency. Bitcoin Gold Just a few months after the implementation of Bitcoin Cash was announced Bitcoin Gold, led by Jack Liao, was launched. The reason for this particular Bitcoin fork in the road was to introduce a strictly decentralized version of the original cryptocurrency in an aim to loosen the grip that mining firms have. Since Bitcoin mining has become a somewhat exclusive endeavor, it has deviated from the original vision where anyone would be able to participate. Bitcoin Gold hopes to restore the balance and ensure that mining isn’t monopolized by leading companies. In order to allow this, Bitcoin’s algorithm was modified to allow the cryptocurrency to be mined using graphics cards. This means that any Bitcoin Gold user can mine from their own personal computer, unlike the application-specific integrated circuits (or ASICs) now required by Bitcoin miners. The move, according to Liao, was taken with the view of lessening the influence of large-scale mining firms. It still remains to be seen whether many users will be in full support of these diverged forks, but if the possibility for a near-flawless digital currency is on the table it can only be good news for the cryptoworld. BONUS - Bitcoin Pizza Bitcoiners might enthusiastically share the tale of the purchase that saw one happy customer part with 10k BTC for two pizzas, and now Bitcoin Pizza has picked up the banner. Read about Bitcoin Pizza. The post Bitcoin Cash might be the hot topic of Bitcoin forks right now, but there are plenty more appeared first on Coin Insider.

2 days ago

Ethereum Price Analysis (ETH/BTC): Ethereum Price Dips and Rips Vs Bitcoin

Ethereum price declined heavily to new lows below 0.0300 BTC and later recovered against bitcoin. ETH/BTC must move above 0.0324BTC to rebound further. Important Points: Ethereum price fell sharply below the 0.0320BTC and 0.0300BTC support levels. ETH/BTC declined below a major triangle support at 0.0322BTC on the 4-hours chart. ETH price traded below the 0.0300BTC support level and later recovered sharply. Ethereum Price Analysis (ETH/BTC) There were more bearish moves in Ethereum price below 0.0320BTC versus bitcoin and below $200.00 against the US Dollar. Sellers managed to push ETH to BTC below the 0.0300BTC support as well, but the price later jumped back sharply. The 4-hours chart of ETH/BTC indicates that the price formed a major top near the 0.0340BTC level and later nosedived below 50 simple moving average (4-hours). The crypto market as a whole was under a lot of pressure after bitcoin price declined below $6k support. Chart Source by TradingView During the decline, ETH/BTC traded below many support levels, including 0.0328BTC and 0.0318BTC. Moreover, there was a break below a major triangle support at 0.0322BTC, which resulted in a drop below the key 0.0308BTC support. A new monthly low was formed at 0.0297BTC and later the price recovered above the 23.6% Fib retracement level of the recent decline from the 0.0340BTC high to 0.0297BTC. However, the current rebound is facing resistance near the 0.0320BTC level. It also coincides with the previous support, the broken triangle, and the 50% Fib retracement level of the recent decline from the 0.0340BTC high to 0.0297BTC. In order to recover further, the price must move above the 0.0320BTC resistance and the 50 simple moving average (4-hours). If buyers fail to push the price above the 0.0320BTC resistance, Ethereum could decline once again towards the 0.0300BTC level. Overall, the current market sentiment is super bearish for bitcoin and Ethereum, but there are chances of an upward move above 0.0320BTC resistance in ETH/BTC. The next major resistance above the 0.0320BTC level is close to the 0.0340BTC level where sellers are likely to emerge. The post Ethereum Price Analysis (ETH/BTC): Ethereum Price Dips and Rips Vs Bitcoin appeared first on Coingape.

2 days ago

Bearish Break for Bitcoin As It Hits New 2018 Lows

Cryptocurrency markets underwent extremely bearish movements yesterday, as the market leader Bitcoin returned below the critical $6000 level and sharply declined from this point. Bitcoin had twice already this year traded below $6000 but both times quickly retraced back above. Many analysts were anticipating that a sharp sell-off would follow the next break below $6000. This sell-off turned out to be the case yesterday. Bitcoin’s previous low of around $5750 was broken, and the market leader currently trades around $5400. Bitcoin had traded within a triangle pattern for most of the year forming both lower highs and higher lows consolidating to around $6500. Many were anticipating a breakout as the triangle approached its end but price action consolidated to the end of the triangle pattern. Yesterday’s price action saw Bitcoin break the structure of higher lows and the severe sell-off followed. Yesterday’s low was around $5280, but price closed at a higher point around $5600. Today’s price action is seeing a return to depreciation. The declines are on large volume showing significant strength behind the move. Altcoins also have suffered severe depreciations with most recording losses in the double digits. Bitcoin Daily Chart - Source: Tradingview.com From this point, the outlook looks very bearish with the momentum being firmly on the side of sellers. Some significant support points to take note of are the $5000 which is a psychologically important point. $4600 and $3000 have been important points of trading activity in 2017. Bitcoin Weekly Chart - Source: Tradingview.com Key Takeaways: Bitcoin broke its pattern of higher lows yesterday, and a severe sell-off followed with the market leader hitting lows around $5280 Sell-off is continuing today on large volume showing significant strength behind the bearish movement Key support areas to take note of are $5000, $4600, and $3000 DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Bearish Break for Bitcoin As It Hits New 2018 Lows was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 days ago

New Cryptocurrency Trading Platform With Massive Leverage Is Introduced

Cryptocurrencies have been a great investment vehicle for the past couple of years, especially for experienced traders and investors. The market is still young and volatile, and that statement can be portrayed as both an advantage and a disadvantage. Trading platforms market of today The supply of trading platforms and brokers offering their services is vast, yet very restrictive in the options and features they provide. Most of them do not provide any option to short Cryptocurrencies, grant extremely low leverage and require time-consuming KYC procedures. On top of this, customer support desks, DDOS protection systems and fund deposit/withdrawal options of most (if not all) platforms show enormous inefficiencies. Due to great returns in the crypto market during the last year as well as no real reason to use the option to short Cryptocurrencies until recently, people have continued using the poor-designed and flawed trading platforms. But what do traders and investors actually need? What do traders want? We can make a distinction between new and seasoned traders. Beginner traders appreciate swift registration processes, user-friendly UI, and risk management tools more than anything, as they are still in the learning process. Seasoned traders, on the other hand, would agree that the ability to short-sell and use leverage are extremely important to them. The option to hedge their investments, as well as use other advanced features are a great bonus. Flexibility is also a key factor when it comes to trading, as many traders travel and do not have laptops near them at all time. But is there a platform that manages to fulfill all of their needs? PrimeXBT PrimeXBT is a new trading platform catered to the needs of seasoned traders, yet easy to use and suitable for beginners. It offers many features, including: A trading margin of up to x100 for both buying and short-selling Cryptocurrencies. The ability to use such leverage can make each trade up to a hundred times more profitable! No KYC process required! The PrimeXBT platform understands and values its user’s privacy, and does not require any identity verification process. Without the requirement of going through the KYC process, the platform has cut down the registration process to an average of only 40 seconds! An intuitive and beginner-friendly UI makes each trade easier to execute, but also has great advanced options. It is fully customizable and extremely fast. PrimeXBT also offers a matching engine and aggregated liquidity from 12 providers that ensure the best price execution and the ability to fill large orders as quickly as possible. This feature will solve the problem of low altcoin liquidity that some big trading platforms have. Mobile application available for both iOS and Android users. As flexibility in trading is a significant issue, PrimeXBT has made it possible to trade from virtually anywhere. 24/7 customer support, located in both London and San Francisco. As cryptocurrency trading does not have downtime, neither has their customer support. PrimeXBT is currently offering BTC, ETH, LTC and EOS trading, with the possibility of expanding their cryptocurrency trading pool. New Cryptocurrency Trading Platform With Massive Leverage Is Introduced was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 days ago

Dogecoin Declines to Near Pre-spike Support Levels

Dogecoin price spiked over 200% back in August from support near $0.0022 to a high near $0.007. The price move came at a point where there were mixed performances from other cryptocurrencies. A bearish divergence between price and RSI which took place after the spike catalyzed a decline which is still taking place. Price now trades around $0.26, after retracing almost all of its upward movement from the spike. Doge met support at a few points along the decline such as the 200 EMA but ultimately has continued depreciating. Strong support would be expected to come in to play around $0.002 to $0.0022. We are also seeing a death cross taking place on the daily with the 50 EMA crossing the 200 EMA to the downside, a bearish signal. Doge Daily Chart - Source: Tradingview.com The bearish movements we see across the cryptocurrency market make the continued decline of Dogecoin even more likely. The market leader Bitcoin formed 2018 lows yesterday after breaking below the important $6000 point and sharply declining from there. With Bitcoin representing 53% of the entire cryptocurrency market cap, it’s movements have a significant impact on those of altcoins. Bitcoin’s current action is extremely bearish as it depreciates on significant volume. The daily RSI for Bitcoin has never been as low as it is now, showing strong seller momentum. Bitcoin Daily Chart - Source: Tradingview.com Key Takeaways: Doge spiked over 200% in August but has been on a prolonged decline since Doge is reapproaching support at $0.0022 where it was priced before the spike With Bitcoin representing 53% of the market cap, its movements will have a significant impact on those of altcoins. Bitcoin is setting up extremely bearish after the past two days price action DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Dogecoin Declines to Near Pre-spike Support Levels was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 days ago

Ripple’s XRP Now Largest Altcoin by Market Cap

Bearish movements took place across the cryptocurrency market yesterday as Bitcoin returned to sub-$6k levels. Ripple’s XRP is no different and is now on its third consecutive day of declines. XRP has managed to hold its value during this decline better than Ethereum and has now overtaken Ethereum as the largest altcoin in terms of market cap. XRP Overtakes Ethereum Yesterday’s decline brought the price of XRP from $0.5 to an intraday low close to $0.4. Price had since retraced to close around $0.46 but is continuing its drop today. The price is currently trading around $0.44, and momentum is firmly on the side of sellers. Both the RSI and the MACD are decreasing showing seller momentum. XRP Daily Chart - Source: Tradingview.com Price is more stable today for XRP, but the overall outlook remains bearish. An increase from here would likely meet numerous resistance points such as the hourly 50 EMA and $0.49 level in the event of a significant rise. With the overall market moving in a downward direction, there is likely a greater chance of XRP returning to $0.4. XRP traded all the way down to $0.29 around one month ago, so there is the possibility of XRP returning to sub-$0.4 levels Bitcoin Hourly Chart - Source: Tradingview.com Key Takeaways: XRP overtakes Ethereum to be the second largest cryptocurrency by market cap XRP dropped to near $0.4 yesterday but has since retraced. With strong seller momentum, XRP is likely to return near this point. XRP traded near $0.29 one month ago, so there is the possibility of XRP moving to sub-$0.4 levels. DISCLAIMER: Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This analysis should not be considered investment advice, use it for informational purposes only. Historical performance of the assets discussed is not indicative of future performance. Statements, analysis, and information on blokt and associated or linked sites do not necessarily match the opinion of blokt. This analysis should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset. Ripple’s XRP Now Largest Altcoin by Market Cap was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 days ago


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