Selfkey KEY

$0.0028
Market Cap $ 7.087 MM (#294)
24h Volume $ 447.593 K
Chg. 24h: -3.27%
Algo. score 3.8/5  (#69)
Show Quick Stats

Selfkey News

Crypto Markets Near Weekly Lows Following Weekend Volatility

This past weekend was particularly volatile for the crypto markets, which surged on Saturday before fully retracing on Sunday. The resulting losses have carried over into Monday, with most major altcoins trading flat or down slightly today. Most altcoins are closely tracking Bitcoin’s price action, and one prominent analyst thinks that most major cryptocurrencies are looking slightly bullish on lower time frames. Crypto Markets Could Be Bullish in the Short-Term At the time of writing, Bitcoin is trading down marginally at its current price of $3,580, which is just slightly above its weekly lows of $3,570. On Saturday, the crypto markets surged as Bitcoin jumped to $3,750. Unfortunately, this surge was short-lived and fully retraced on Sunday when the markets sharply dropped to lows of $3,550. Since then, the markets have been trading sideways, and most major altcoins are currently trading down. Despite this, one analyst thinks that most major cryptocurrencies are bullish in the short-term, which could mean that they will soon see a small relief rally. In a recent tweet, Mayne - a popular cryptocurrency trade - noted that he is not shorting Bitcoin, Ethereum, or XRP at their current prices, and is going to wait until they reach their relative points of resistance before opening new short positions. “$BTC $ETH $XRP Back to the charts... I am not shorting any of these pairs here, stop runs until proven otherwise. HTF is bearish and I will short a break down of the key support levels they are all sitting on. Until then, looking slightly bullish on the LTFs,” he explained. Mayne later said that he is waiting for Bitcoin to reach the low-to-mid $3,600 region before he opens new short positions. “$BTC Going to look for a short up at the grey block if we get there. Reaction after this weekend’s dump looks bullish on the LTF so no reason to short down here. Expecting a bit of bullish relief intra-week,” he said. A similar sentiment was echoed by Hsaka, another popular cryptocurrency trader, who recently tweeted that he is neutral on Bitcoin’s price action following the recent drop, and that he is currently holding open positions in multiple altcoins including Cardano (ADA) and Bitcoin Cash (BCH). “$BTC 1D (01/20/19) Yesterday’s sell the rally analysis played out like a beauty • Bounced before the 3430 support level • Took out lows (green dashed) of this consolidation Neutral here, not shorting into HTF support. Covered my BTC short, holding ADA and BCH.” Altcoins Drop Slightly After Weekend Volatility Most major altcoins have dropped slightly today and are closely tracking Bitcoin’s price action. At the time of writing, Ethereum is trading down 1.6% at its current price of $117.5. This past Saturday, Ethereum surged to highs of over $125 before plunging to lows of $116. Ethereum is currently trading just slightly above its weekly lows. XRP is currently trading down 0.3% at $0.319. XRP is down from its weekly high of $0.334, which was set this past Saturday, and is up slightly from its weekly low of $0.317, which appears to be a level of relative support for the cryptocurrency. Featured image from Shutterstock. The post Crypto Markets Near Weekly Lows Following Weekend Volatility appeared first on NewsBTC.

7 minutes ago

Have you voted for KEY yet? We're nominated to be listed on ...

Have you voted for KEY yet? We're nominated to be listed on the excellent @iconominet platform & need your vote! VO… https://t.co/zAnMPiV9AO

23 minutes ago

Analyst: Bitcoin (BTC) Support Level at $3,550 Weakening After Volatile Weekend

Bitcoin (BTC) is currently coming off of an incredibly volatile weekend where it surged to highs of $3,750 on Saturday before retracing to lows of $3,550 on Sunday. Although nothing fundamental drove this volatility, it is now becoming increasingly common to see volatility over the weekends, which is primarily due to the decline in trading volume. This recent volatility has further confirmed Bitcoin’s current trading range, which analysts believe is gradually becoming weaker. Bitcoin Drops Below $3,600 At the time of writing, Bitcoin is trading down 0.4% at its current price of $3,580. BTC is currently trading just a hair above its 24-hour lows of $3,570, which were set earlier this morning. On Saturday, Bitcoin surged to highs of $3,750, which analysts believe was a significant move as it put BTC in a higher trading range between $3,700 and $4,100. Despite this, bulls were not able to muster up enough upwards momentum to propel the cryptocurrency any higher, which led it to drop significantly on Sunday. On Sunday, BTC sharply fell from $3,730 to $3,590, from which it has experienced a choppy trading session. This recent trading activity has further validated $3,550 as a strong level of support for the cryptocurrency. Mati Greenspan, the senior market analyst at eToro, previously speculated that BTC was caught in a trading range between $3,550 and $4,200, which was first confirmed on January 13th when Bitcoin fell to lows of exactly $3,550 before bouncing to $3,700. “It seems now, that bitcoin has opened a new mini-range within that from $3,550 to approximately $4,200... Movements within a range can sometimes be sudden like we saw yesterday, but unless there’s a breakout of the key levels there really isn’t much to write home about,” Greenspan said in an email from earlier this month. This recent drop has led the overall cryptocurrency market cap to shed over $6 billion from its weekend highs. Analyst: BTC $3,550 Support Growing Weaker The validity of this hypothesized range was further confirmed over this weekend, as Bitcoin has once again respected $3,550 as a level of support. However, DonAlt, a popular cryptocurrency analyst on Twitter, said that if this level is hit again it will likely be broken. “$BTC update: Perfectly responded to the drawn level. 3500 has acted as support 3 times already if it is hit another time I’d expect it to break. Finally approaching a level (3400) that I might trade again. Until then still sitting tight fully hedged,” DonAlt explained. It is important to note that analysts also believe that Bitcoin is currently caught in a much wider trading range over the long term between $3,000 and $5,000, so if $3,550 is broken it will likely lead to a move towards $3,000, where significant buying pressure currently exists. “If we zoom out...we can see that the overall range that we’re in is from $3,000 to $5,000 per coin,” Greenspan further noted. Featured image from Shutterstock The post Analyst: Bitcoin (BTC) Support Level at $3,550 Weakening After Volatile Weekend appeared first on NewsBTC.

2 hours ago

Bitcoin Price Analysis: BTC Stuck In The Doldrums

Bitcoin price expected to remain under selling pressure below $3,660 level. $3,100 is the major technical zone to watch this week for further downside in the BTCUSD pair Bearish pattern suggests medium-term downside objective has already been reached BTCUSD Short-term price analysis In the short-term, the BTCUSD pair should remain under downside pressure while trading below the $3,660 level. Any sustained moves back above the $3,660 level are likely to eventually test towards the $3,960 to $4,000 resistance levels. The $3,485-90 support area is the key area to watch for further declines in the BTCUSD pair over the mentioned time horizon, due to this important technical area being the lowest trading point for the BTC/USD pair so far this year. A sustained loss of this region and we should expect a test of the $3,300 level, with the $3,100 level by far the most technically significant area just below. Pattern Watch After a period of consolidation the BTCUSD has broken below the well-defined descending triangle pattern, which has formed across various lower time frames and holds an approximate $400.00 projected drop. Key Moving Averages The BTCUSD pair is trading below its 50 and 200-day moving averages on the reliable four-hour time horizon, which is suggestive of short-term weakness. The 50-period moving average has crossed over the 200-period moving average, which is a bearish sign, but more significant on the daily time frame, hence its nickname, A Death Cross, when the 50-day crosses the 200-day. MACD & Volume The MACD indicator on the four-hour time frame is trending lower, after spending over one-week holding in positive territory. The indicator is trending lower alongside price itself, with no price divergence currently apparent. The volume indicator is showing that the recent sell-off has been on weak trading volumes, which is generally indicative of the trading action seen in the BTCUSD pair over a ten-day period. BTCUSD Medium-term price analysis In the medium-term the BTCUSD pair is bearish while trading below the $4,400-$4,600 levels. The $4,400 level represents a former key swing-high that Bitcoin buyers recently failed to break, while the $4,600 level represents the BTCUSD pairs 100-day moving average, which aside from a key calculation of closing prices is also an important sentimental gauge. Daily price closes back the BTCUSD pairs 50-day should be watched carefully, especially if this recent decline starts to lose bearish momentum. The $3,100 level is the key downside level to watch over the medium-term, predominately because it is the 2018 trading level and the actual completion point of the projected target of the large head and shoulders pattern. A loss of the $3,100 should spark selling towards at least the $3,000-$2,900 levels, with the former important weekly low, at $2,500 the major support zone protecting the $2,200 level. Pattern Watch The formation of a bullish double-double bottom pattern should be watched carefully, as it may trigger heavy buying interest if bears fail to break the $3,100 level. The immediate pattern to watch on the daily charts is the well-flagged descending triangle, with a $400 downside projection, that would take price close to the 2018 low if successfully achieved. Key Moving Averages Aside from illustrating the key recovery points on the BTCUSD daily chart extremely well, the overall trend remains bearish as price trades below the 50,100 and 200-day moving averages. A bearish cross over is still underway, so currently buyers have few reasons to be bullish. Moving Average + Volume The Daily MACD indicator is trending lower, but not definitively so, while trading volumes over a 20-day period are in continuous decline, which may give longer-term bulls some hope over the horizon. [{"date":1516485860000,"value":13048.4,"volume":11813100000},{"date":1516572266000,"value":11418.2,"volume":9839530000},{"date":1516658660000,"value":10360.4,"volume":9716510000},{"date":1516745066000,"value":11085.8,"volume":10024300000},{"date":1516831467000,"value":11324.5,"volume":9702410000},{"date":1516917867000,"value":11319.2,"volume":9227670000},{"date":1517004268000,"value":10968.1,"volume":9569470000},{"date":1517090666000,"value":11581.8,"volume":7688770000},{"date":1517177068000,"value":11867,"volume":8410430000},{"date":1517263468000,"value":11344.1,"volume":7118930000},{"date":1517349868000,"value":10280.1,"volume":8586010000},{"date":1517436267000,"value":10108,"volume":8170260000},{"date":1517522668000,"value":9224.78,"volume":9892070000},{"date":1517609064000,"value":8611.1,"volume":12323800000},{"date":1517695471000,"value":9150.13,"volume":7299100000},{"date":1517781872000,"value":8139.7,"volume":6840190000},{"date":1517868269000,"value":7223.54,"volume":9181800000},{"date":1517956765000,"value":7622.31,"volume":13917200000},{"date":1518043165000,"value":7930.82,"volume":9460820000},{"date":1518129565000,"value":8276.53,"volume":9667650000},{"

2 hours ago

Blockchain in Banking Summit in Zurich: Leading Bankers and Experts to Discuss Topical Trends and Future Evolutions of Blockchain in Banking Sector

CoinSpeaker Blockchain in Banking Summit in Zurich: Leading Bankers and Experts to Discuss Topical Trends and Future Evolutions of Blockchain in Banking Sector In the New Emerging Economy, where business and technology are Wired To Each Other Through The Digital Economy, Blockchain Creates A Whole New Paradigm In The Ecosystem. With The Use Of Blockchain Technology, Transactions Will Be Much Faster, Secure And Far Less Expensive Compared To The Centralized Database Systems. Why Blockchain in Banking? Blockchain technology has created waves around the world by bringing transparency and massively reducing costs in many industries. In order to stay competitive, more and more banks are adopting Blockchain technology which will allow them to further improve the transaction velocity, reduce fraud risks and boost their business growth by offering holistic payment solutions. Regulators and central authorities are also aiming to harness Blockchain to future-proof payment systems and encourage banks to modernise their legacy payments infrastructures for an efficient, secure and more transparent banking service. The current business landscape sees banks caught between an uncertain world economy and growing costs of regulatory compliance. They face pressure to reduce costs and increase operational efficiency. There is also a threat of disintermediation by financial technology (fintech) firms, which are looking to provide some of the same services as banks but at lower costs. Compared with conventional database technologies and centralised systems, blockchain execution can be relatively cheap and require considerably less IT investment to maintain. What are the Key Drivers of Blockchain Technology? Customer’s need for overlay services - To meet the customer’s growing demand for immediacy of retail payments Customers expect to pay for and receive their purchases as fast as possible. Suppliers, on the other hand, wish to have the certainty to be paid as soon as they release their goods and services Need for banks to remain competitive - Blockchain technology will help banks to not just stay competitive by improving the transaction velocity, reducing fraud risks in the transaction processing but also boost its business growth by offering holistic payment solutions spanning the value chain in order to differentiate from Non-Bank Players. Regulators need for encouraging competition and digitalization - Regulators and central authorities top agenda is to promote fair competition, Anti-Money Laundering, customer protection, and improving clearing & settlement mechanisms and digitalization of the economy. About BB Summit BB Summit is Europe’s only dedicated Blockchain conference for the Banking sector. It features upto 20 leading speakers and subject matter experts with latest case studies, key trends, regulations and implementation guidelines. It’s expected to gather about 120+ delegates from leading Banks, Standard bodies, Associations, Regulators, selected FinTechs from Europe who are driving this technology wave. Speakers at the Previous Year’s Show Montse Guardia Guell | Director of Digital Services - Digital Transformation |Banco Sabadell Francisco Maroto Castro | Head of Blockchain Strategy in the Customer Solutions Area| BBVA Nicole Sandler| VP Fintech and Regtech - EMEA Legal Lead | Barclays Stephen Moran | Head of Research & Development | Bank of Ireland Michael Spitz | Co Head of Blockchain Lab | Commerzbank Anna Mialet Rigau | Innovation & Business Transformation | CaixaBank Alberto Gómez Toribio | Blockchain & Tokenomics Specialist | Bankia David Alonso Pérez | Project Manager | Cecabank Fernando Lardies | Network Banking Head | Banco Santander Roberto Garcia |Head of Blockchain & emerging technologies |Banco Santander Group Marco Bosma |SVP Fintech & Innovation |Rabobank Sorin Cristescu Blockchain| Competence Centre Leader | European Commission Roberto Fernández Hergueta |Board Member| Alastria Blockchain Mañu Noain Ignacio | Head of International Business Development | We.trade Sergey Lukashkin |Digital transformation project management director | VTB Bank Marco Carmona | Senior Solution Architect | Protegrity Mat Travizano | CEO | Wibson Grzegorz Leńkowski |Director of Instant Payments Business Line | KIR Bernat Aguadé Estivill |Associate professor and consultant | Blockchain Institute & Technologies Stephane Savanah | Information Technology Consultant |Independent Consultancy Previous Sponsors The first annual show was supported by Wibson and Protegrity as keynote sponsors. What Did the Speakers Talk About? In 2018, the conference gathered leading banking professionals and top experts from within Europe working in Blockchain sphere. Speakers addressed the most important segments of the Blockchain, DLT, how it will revitalize Trade Finance, Trade reconciliation, Find synergies and build networks among banks and explore consortium possibilities and discussed many topical trends of the industry including

3 hours ago

A Ripple Rival? Bitspark Rewards Users For International Payments

A settlements platform has unveiled a new scheme to encourage cross-border transactions. Hong Kong-based Bitspark announced earlier today that users of their payments network will be rewarded in Zephyr (ZEPH) tokens every time they send an international fiat transaction. “With ZEPH token, users will not only save money,” said George Harrap, Bitspark’s co-founder and CEO, “but they will also make money because they earn ZEPH when using Bitspark to send money across the world.” Established in 2014, Bitspark is developing services for cross-border payments using virtual currencies. The company facilitated the first international “cash in, cash out” money transfer using Bitcoin (BTC), also in 2014. It also provides cash withdrawal services in certain locations across Africa and Asia, particularly in Hong Kong. Although Bitspark uses blockchain technology, end-users don’t need to convert fiat currency into cryptocurrency. All the complicated parts are done by Bitspark on the backend. ZEPH tokens, based on the Bitspark blockchain, were originally sold in an ICO in 2017 to finance development for Bitspark. Similar to Binance Coin (BNB), Bitspark plans to buy back tokens from investors on a monthly basis with some of the commissions earned through their products. The token was previously only tradeable on the decentralized exchange, BitShares, but was today added to the Dubai-based centralized exchange, RightBTC. ZEPH Aims For XRP’s Seat Bitspark’s ambitions as a payments and settlement system could place it in direct competition with one of the leaders in DLT settlements, XRP. But there are several key differences, according to Bitspark executives. Although retail investors are free to buy XRP, they are not the intended users. Protocols like xRapid - which allow value to be transferred in the form of XRP - are designed for financial institutions. Over the past few years, Ripple Labs, xRapid’s creator, has pushed for as many banking and financial partnerships as it could get. Bitspark emphasizes that its network can be used by retail or institutional users alike. Maxine Ryan, the company’s COO, says that this makes their product useful in emerging economies, which have far higher proportions of people who remain unbanked. “Let’s not forget that Ripple only serves individuals that are connected to the formal financial system and cash still matters in most developing economies,” Ryan wrote in an email to Crypto Briefing. “In emerging and frontier markets, which are neglected by financial institutions, individuals would not be able to use their solution on a day-to-day basis.” In Greek mythology, Zephyr was the god of the West wind. Similarly, Bitspark hopes it can represent the wind of change, opening up financial services to everyone. Handing out free ZEPH tokens is meant to get the breeze blowing. The author is invested in digital assets, including BTC which is mentioned in this article. Join the conversation on Telegram and Twitter! The post A Ripple Rival? Bitspark Rewards Users For International Payments appeared first on Crypto Briefing.

4 hours ago

Dash Celebrates A Lean Fifth Birthday

It’s been five years since payments platform Dash made its debut, which makes the project about 35 in crypto years. The Dash team has revealed that it’s not easy to keep the fire burning year after year, and we would venture that it’s especially difficult in a bear market. Not only must a project “deliver on promises” but they must also keep the community interested, the which can be particularly challenging when your name is not Justin Sun. Dash has not gone unscathed by the bear market, and the price is wavering around $70, after trading above $800 this time last year. As we’ve seen with multiple projects, the crypto winter has the ability to divide a community, and Dash is no exception. Bear Market Brings Out The Wolves One masternode owner, under the alias SavingPrivateDash, launched a failed proposal to demote Dash chief Ryan Taylor to an advisory role for allegedly “breaking promises and missing deadlines.” Taylor has been at the helm of Dash Core Group since 2017 when founder Evan Duffield stepped down and transitioned to an advisor. One of the “missed deadlines” that critics took issue with was the launch of Evolution, which is designed to catapult Dash into the mainstream. The original roadmap for the multi-phase rollout of Evolution set an “ambitious goal” that has since met with several delays. After the proposal failed, the insurgent masternode threatened to resubmit the same harsh rebuke in January 2019, this time gunning not only for Taylor but also Chief Marketing Officer Fernando Gutierrez and Head of Business Development Bradley Zastrow. However, that “proposal has not been resubmitted,” Gutierrez told Crypto Briefing. That might have something to do with the “monster release” of v0.13, which makes all transactions instant by default. Gutierrez told us: The development is advancing at a very good pace. ChainLocks will be part of the upcoming v0.14.0 and then Evolution will come right after that. The next event we will see is v0.14.0 in testnet. Lots On The Line ChainLocks is one of those updates whose importance can only be compared to Ethereum’s Constantinople. According to Dash CTO Bob Carroll, ChainLocks is a protection mechanism against 51% attacks, to which Dash and other proof-of-work (PoW) cryptocurrencies are vulnerable. ChainLocks will be integrated into the v0.14.0 update, for which no exact date has been set. That’s one way to avoid missing deadlines. One Reddit member surmised: “Not gonna lie, 0.14 is a key upgrade restoring so much lost faith in DCG I hope that it will arrive in a timely fashion...of course, safety first.” By and large, the Dash community has been forgiving of delays, with one community member pointing out that software deadlines are “impossible to meet” anyway. Dash certainly isn’t alone in this, and we can think of at least one other project that has struggled on this front of late. Budget Constraints Continue To Haunt Dash Despite moving further down the roadmap, Dash isn’t out of the woods yet. In the latest financial update, management revealed that some salaries were on hold amid budget constraints. And while the next financial update remains weeks away, the bear market has continued to take its toll. As Gutierrez noted, Many people in Dash Core Group have foregone salaries and many others have voluntarily reduced their salaries, the situation has not changed. Dash Core Group submitted a funding proposal for the Feb. 1 budget cycle that includes compensation of $257,000 across “developers, administrative, business development, marketing and support staff.” The budget includes “drawing down on a buffer in order to pay for the current shortfall in funding.” Dash Core Group had 47 people on staff at year-end 2018, which is down by five since November seemingly as a result of resignations and the “non-renewal of certain contracts.” But there’s still plenty to celebrate for the cryptocurrency, as it rounds out half a decade of fast payments. In case you’re wondering, the traditional gift associated with five years is wood, which represents “strength and durability.” If they make it to 50, Dash will officially reach gold status. The author is invested in digital assets, but none mentioned in this article. Join the conversation on Telegram and Twitter! The post Dash Celebrates A Lean Fifth Birthday appeared first on Crypto Briefing.

5 hours ago

Op Ed: Bitcoin Mining Attacks Are Overblown

Whenever I claim that bitcoin is the only decentralized cryptocurrency, I get one of two arguments:My X coin is also decentralized.Bitcoin isn’t decentralized because of Core and/or miners.I’ll leave 1 and the first half of 2 for another day, but the “mining centralization” argument is what I want to tackle in this article.The questions I’ll be answering are:Is Bitcoin mining centralized?In what way do miners “control” Bitcoin?What are the risks of a 51% attack?Are the altcoiners right?DecentralizationDecentralization is a key property of Bitcoin. If you remove decentralization, it’s not an interesting project. There have been lots of centralized issuers of money — that’s what causes inflation and why your savings lose purchasing power daily. The response by altcoiners is to argue that decentralization is a spectrum or, barring that, that Bitcoin is centralized.First, decentralization is not a spectrum. It either has a single point of failure or it doesn’t. Centralized things are called centralized because there’s a single point at which everything can fail. You either have a centralized point of failure or you don’t. There’s no real in-between like altcoiners would have you believe. Altcoins all have one or more of these properties which create a single point of failure:A creator that’s still involved;A development team that forces upgrades on all the users (hard forks); orA foundation/organization which directs what the coin will do.Some have more than others (ETH has all three vs. XMR which has just the second); in that sense, you can say something has more single points of failure than others. Nevertheless, the fact is that if at least one single point of failure exists, the token is centralized. A government could very well control the coin with whatever regulations it wants through that single point of failure. They could, for example, arrest the creator, tax the dev team or nationalize the foundation or organization. The method by which an authority can take over doesn’t really matter here: The fact that it can is what is of concern. Centralized coins have the potential to be taken over relatively easily.The question here is whether bitcoin mining is a single point of failure. Could a government or other authority control Bitcoin through controlling a single entity in mining? Much has been speculated about this and that is the subject of this article. What would it actually take to “take over”?What Miners Can DoThe miners’ job is to secure the network. They do so by finding proof of work. Having 51% of the network hash power gives a single miner the ability to attack the network. That, however, is not the same as controlling the network. The attack is limited in nature and affects only the account holders attacked (say, an exchange). This is in contrast to forcing upgrades on the network, which can reset entire balances, inflate the currency or change all sorts of incentives. The latter is real control of the entire network, a real choke point, as the network rules are dictated by a single group. The former is a possible way in which some participants become vulnerable. These are two different things!This distinction is crucial as altcoiners often conflate the two. The two vulnerabilities are not the same. The first is an attack vector with a lot of conditions required to execute, affecting a limited number of people; the latter is the possibility of complete takeover. Think of the former as a weakness in your army defenses and the latter as a takeover of the army for whatever purposes the conqueror pleases. The former still requires the attacker to fight out in the open. The latter is something that can be accomplished without the knowledge of anyone but the inner circle.It is with this in mind that we call altcoins centralized. They can be taken over, conquered, changed by the whims of a few people. Controlling a large amount of mining hash power is not the same as that and the vulnerabilities are limited, not to mention very expensive to execute. This is the difference between a single person in charge of a bank account (who can thus embezzle, run away with the money, etc.) vs. a possibility that a valid wire transfer can be forced to wait a long time before being deposited.Requirements of a 51% Mining AttackTo bring this home, let’s go through how a 51% mining attack must be executed. In order to execute a 51% attack, you first need more hashing power than the rest of the network. This means getting lots and lots of mining equipment, which costs a good deal of money. The equipment currently has long lead times and acquiring the latest generation of miners is notoriously difficult as such equipment tends to be very profitable. Using old equipment is an option, but the savings and convenience of such equipment is more than offset by the inefficiency. Either way, obtaining and running the equipment necessary is really costly. This requires incredible capital investment in order to compete with mi

5 hours ago

Expert Opinion: Crypto Goes Hollywood While Wyoming Moves To Bitcoin And Blockchain

“This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro” Key Highlights: Hollywood shows interest in Cryptos Wyoming introduces a new bill for bitcoin and blockchain The state defines crypto assets the way Swiss Regulator does Hollywood’s love for cryptos Well, Hollywood has been successful in picking up real-life trends and portraying them on reel taking it to a wider audience making it more prominent, dramatic and enjoyable. While other themes are being played out on the screens, cryptos too have caught some prominent eyeballs. Oh wow!! 👀 Crypto is going mainstream with a new series staring @mrkevinconnolly from Entourage. This is gonna take awareness to the next level! 🚀🌒💥https://t.co/rh7CIQmrDr — Mati Greenspan (@MatiGreenspan) January 21, 2019 At a Bitcoin conference in Miami, Kevin Connolly who plays Eric Murphy in Entourage made a surprise appearance on stage and announced that he’s developing a new show called “Cryptos.” What’s even more interesting is that the producers of the show, Sords, and King, who are both big blockchain advocates, seem to have modeled the plot after their own aspirations to take on Hollywood by using decentralized ledger technologies. Although these ideas have been taken lightly and currently social media is full of their memes, this kind of show on Netflix or Amazon Prime can do wonders for mainstream awareness of crypto assets and their power to disrupt centralized industries taking it to the common man. Wyoming moves to cryptos Even though there are only about half a million people living in Wyoming the square state is quickly becoming a leader of bitcoin and blockchain legislation. Senator(s) Nethercott, Driskill, Perkins, and Rothfuss and Representative(s) Harshman, Lindholm, Loucks, Olsen, and Wilson have put forward a new bill which clarifies the status of bitcoin and other crypto assets in the state. The bill highlights, of course, is that bitcoin and other cryptocurrencies will be given the same legal status as money. The state has also clarified the definitions of crypto assets, very similar to the way the Swiss regulator Finma has almost exactly a year ago and divided them into three categories: Currencies, Securities, and Digital Assets (Utility Tokens). At this point, though the news is exciting the effects are rather limited. Wyoming is a small state and it’s still not clear how the federal government will react to this. Certainly, if other states follow in their footsteps this can turn into something bigger but we’re still very much in the early stages of the game. Nevertheless, this small step is a huge win for bitcoin and blockchain as it sets a great example of supportive legislation for the entire country and the entire world. The post Expert Opinion: Crypto Goes Hollywood While Wyoming Moves To Bitcoin And Blockchain appeared first on Coingape.

5 hours ago

Bitcoin Price Pressure Increases. Bounce or Break Scenario In Play

Bitcoin appears to disregard this alleged oversold condition and has traded lower over the weekend, testing the key support at $3500.

6 hours ago

Crypto Market Weakens But Bottom Feeders May Stay Hungry

The cryptocurrency market has opened the new trading week under pressure on Monday, with almost the entire top twenty cryptocurrencies by market capitalization trading into the red. No clear fundamental catalyst appears to have provoked the latest crypto sell-off, although there has been speculation over bot trading; the market however appears to have succumbed to technical selling after a period of consolidation amongst the major players in the market. Ethereum, Litecoin and Maker are amongst the worst performing cryptocurrencies, while Tether and USD Coin have managed to eke out small intraday days so far. As always, it is always worth watching the market leaders, particularly Bitcoin, Ripple and Etherem for a better indication of whether today’s losses in the cryptocurrency market are indeed sustainable and likely to worsen or potentially just a early-week knee-jerk reaction to flush-out weaker hands before a counter move occurs. Ethereum 1-DAY Chart Source-Coinmarketcap.com Overall, I suspect we are now seeing market participants attempting to probe towards the multi-year lows created by a number of the most popular cryptocurrencies late last year. Technically, confirmation of a major bottom is important for traders, especially given the lack of follow through to the early month recovery seen in the crypto space. If we do indeed see a sustained decline below the multi-year lows created in December for Bitcoin, Ethereum and Litecoin alike, this should be considered an overwhelmingly bearish sign. A further continuation of the broader downtrend in cryptocurrency market would then be the most likely and favoured scenario over the short and medium-term horizons. On the other hand, if we see these key technical lows holding firm, I would expect cryptocurrencies to rally back towards their 2019 trading highs over the coming days and weeks, where traders would then to start to re-evaluate short and medium-term positioning. 1-DAY Chart Total Cryptocurrency Market Capitalization -Souce Coinmarketcap.com Looking at a one-day chart of the Market Capitalization of the entire cryptocurrency market, we can observe a sharp sell-off occurred, on relatively light volume it must be said, once the $124 billion support level was breached. The $17 billion to $16.9 billion support region is the next major technical area to watch if selling continues for the entire crypto market, with the recent major low just above $10 billion, created mid-December, the foremost support area below. Going forward, a break of $19.5 to $24 billion range is indeed worth watching, for traders and investors to get a broader gauge of the overall sentiment towards cryptocurrencies, as is a technical break of $3,100 to $3,660 price range for the number one cryptocurrency by market capitalization, Bitcoin. Join the conversation on Telegram and Twitter! Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post Crypto Market Weakens But Bottom Feeders May Stay Hungry appeared first on Crypto Briefing.

6 hours ago

BitPanda Exchange Review 2019

Bitpanda is a top cryptocurrency exchange platform based in Austria. The 24/7 exchange offers a secure platform for buying and selling cryptocurrencies. Bitpanda services are automated. Once a payment has been approved, the cryptocurrency gets sent to the buyer automatically. The automated process is behind Bitpanda positive reputation in the market. In 2016, Bitpanda won the best fintech startup award just two years after it began operations. Traders on Bitpanda can trade in Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash and Ripple. The exchange was previously called Coinimal before rebranding to Bitpanda in 2016. According to the directors, the rebranding process was to usher in a fresh start. The exchange has more than 850, 00 registered users. How To Get Started With BitPanda Creating an account with Bitpanda takes about 30 seconds. It only requires an email address and a password. The process includes verifying your email address with the company. Bitpanda supports the two-factor authentication system which is used in the know your customer procedure. You are then required to provide your mobile number where you receive a 6-digit pin for verification. When the registration is complete, Bitpanda allocates customers with the appropriate account level. Each level has unique verification requirements. Bitpanda’s levels include Starter, Bronze, Silver and Gold. The levels determine transactions amounts of each account. Transaction limits are classified into daily, monthly. Total limits increase with account level. Gold is the highest verification level. It requires a webcam interview performed through a third-party company. Countries Supported By BitPanda Bitpanda operates in all European countries. However, other regions of the world like the United States are restricted. In Europe, we have limitations depending on the payment methods. Some countries support a specific means of payments while others don’t. The platform supports bank transfers from all European countries. Bitpanda’s Security Features Bitpanda uses the 2FA system to secure user accounts. The system is the underlying security protocol used for low-limit transactions. However, this system can be penetrated by hackers. Furthermore, Bitpanda conducts rigorous verification checks on customers before transacting high crypto volumes. The trading platform also boasts of additional security features like SSL Certificate, encrypted user data, Trezor for cold storage, separate web and wallet servers and SMS verification. Since the inception of the exchange in 2014, Bitpanda has not suffered security breaches. Bitpanda Fees When it comes to trading fees, Bitpanda is considered not to be transparent. The platform is changing slightly higher than the market rate when buying. When selling cryptos, the price is somewhat lower. The standard markup for buying stands at 1.5% whereas selling fees are at 1.3%. Furthermore, you can incur deposit charges when paying into the Coinmama account. Accepted Payment Methods Bitpanda’s payment methods are driven by the goal to make trading of cryptos across Europe easy. The platform, therefore, offers some great options. They have credit cards (Visa, Mastercard), SOFORT transfer, EPS, Giropay, Neteller, Skrill, Online Bank Transfer, SEPA and, Bitpanda to go. Across all the payment platform, SEPA is slowest as it takes about a day to reflect. Other payment options are much quicker. Some transactions can take five minutes to reflect. E-payment methods and credit cards can last up to 10 minutes. Bank transfers can take between a day and five business days. How To Stores Cryptos Purchased on Bitpanda Bitapanda has a default wallet for storing purchased cryptocurrencies. However, relying on this wallet can be risky. You can end up losing your digital assets if the exchange is hacked. User’s don’t have control of the private key and the person in charge can potentially steal your digital coins. If funds are stolen, retrieving them can be difficult. Customers can use a cloud-based wallet or desktop wallet which are on a computer. Bitpanda’s User Interface Every action on the Bitpanda website is seamless. The interface is simply intuitive. From creating an account to trading, everything is easy to navigate. Once you log in, there is a page with main features that are accessible by just one click. The sleek interface makes it easy to buy and sell cryptocurrency First-time visitors have an easy time navigating the website since it is user-friendly. Image Source: Bitpanda The post BitPanda Exchange Review 2019 appeared first on Zerocrypted - Your Daily Cryptocurrency News, Guides And More.

6 hours ago

ETH USD Price Analysis: $111.00 Concerns Subdued Traders

Ethereum price expected to remain subdued below $126.00 level The $111.00 level is the major technical support area to watch Bearish head and shoulders pattern is weighing over the ETHUSD pair across various time frames ETHUSD Short-term price analysis In the short-term, the ETHUSD pair is likely to remain bearish while trading below the $126.00 level, which is a former key swing-high formed on the recent rally towards $160.00. The recent move towards the $160.00 level is now in danger of being a corrective rally from extreme oversold trading conditions, rather than the start of a meaningful trend. The $111.00 support area is the key area to watch for further losses in the ETHUSD pair, as it represents dual support from a key trendline and also the neckline of a large head and shoulders pattern with a $50.00 downside projection. A break below this key area and the ETHUSD pair will likely test towards at least the $80.00 level, with the actual bearish pattern suggesting a downward move could take place towards the $60.00 benchmark. Pattern Watch The four-hour time frame best illustrates the bearish head and shoulders pattern and how price is trading dangerously close to the key $111.00 area, alongside dual trendline support. Key short-term Levels 111.00 support - 126.00 resistance 106.00 support - 132.00 resistance 98.00 support - 150.00 resistance MACD The MACD indicator on the four-hour time frame is trending lower, however the recent decline has yet to spark a definitive move lower on the MACD. Traders maybe waiting for a key technical break to the downside and MACD line crossover before definitively shorting the ETHUSD pair. ETHUSD Medium-term price analysis In the medium-term the ETHUSD pair is bearish while trading below the $147.50 level, as the $147.50 level represents the ETHUSD pairs 100-day moving average, and also sits close to psychologically important $150.00 level. Price has been steadily declining since the ETHUSD pair met heavy technically selling just before the $160.00 level earlier this month. The large decline in the ETHUSD pair on January 10th was the highest volume seen for Ethereum this year on the daily time frame. A definitive break of the $111.00 to $147.00 range is likely needed before we see a strong return of trading volume and a return of large-scale speculative participation in the ETHUSD pair. As is apparent with Bitcoin, Ethereum is now trading at a critical juncture, where price can either recover to fresh 2019 trading highs from current levels, or crash to fresh multi-year lows. Pattern Watch The daily chart highlights the head and shoulders pattern formation, however, caution is still advised, as price is still making bullish higher highs. Confirmation is now needed for the bearish head and shoulder patterns neckline to break occur and price to make new monthly lower lows. Moving Average + Volume Price is deviating from it’s trading range between the 50-day and 100-day moving averages, as the BTCUSD pair attempts to break below the 50-day, which indicates increasing bearish momentum. Volume has been declining since the January 10th price drop, as illustrated by the volume indicator over a 20-day basis. Join the conversation on Telegram and Twitter! Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post ETH USD Price Analysis: $111.00 Concerns Subdued Traders appeared first on Crypto Briefing.

7 hours ago

Dogecoin Price Analysis: Value of Doge Remains in a Range

Dogecoin Daily Chart - Source: Tradingview.com Dogecoin followed the markets movements over the weekend but failed to break outside of the range it has been trading in for the ten days. The range has a lower support level of $0.002 and a resistance level at $0.0023. $0.002 to $0.0023 has been an important range for Doge in past trading. The price of Doge traded within this range for three weeks prior to spiking with the rest of the market in mid-December. Doge 4-Hour Chart - Source: Tradingview.com Prices rose across the market on Saturday before following up with a bearish move on Sunday which erased all gains. While the market leader Bitcoin managed to overcome resistance at $3684, Doge only managed to rise as far as $0.0022. Prices have since been trading more bearish and testing the lower bounds of the range at $0.002. The previous time that Doge traded in this range, prices moved outside the range on numerous occasions but failed to close outside until the significant spike in mid-December. It is also likely that Doge will exit the range on this occasion with a significant move. When prices continue to trade in a range for a prolonged period of time, it often exits the range with a significant move. Key Takeaways: The price of Dogecoin has been trading in a range from $0.002 to $0.0023 Prices of Doge moved along with the market over the weekend rising on Saturday and following up with a bearish drop on Sunday Doge may exit the range with a significant move similarly to how it exited the same range in mid-December Latest Dogecoin News: XRP, Dogecoin, IOTA, XLM, Dash, Monero, Neo, Tron: Price Predictions, Jan 19 Dogecoin [DOGE] Price Slowly Declines Within Trading Range 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 Price Analysis: Value of Doge Remains in a Range was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

7 hours ago

Sunday Slump: Are Bots Wreaking Crypto Havoc?

A precipitous drop in prices - like the one that happened yesterday - is bound to have a demoralizing effect on a market in the midst of a bear cycle. The market plunged at around 11:20 GMT on Sunday morning, as the total value of all cryptocurrencies fell by $6bn in little more than an hour. Bitcoin’s (BTC) market cap decreased by $3bn - $200 per coin - with both Ether (ETH) and XRP taking a $400m hit each. Out of the other notable cryptocurrencies, Bitcoin Cash (BCH) is down by $6; EOS by $0.10; Litecoin (LTC) down by $2. Stellar Lumens (XLM) was one of the least affected: it’s market cap fell by less than $100m. TRON (TRX) experienced a minor drop but has since recouped all of its losses, having surged in the past hour. What’s behind the fall? Sunday’s sudden drop took the market off-guard, in part because there’s no obvious cause to explain the decline. It does not appear to be a reaction to the Constantinople fork, which was delayed last Tuesday. Josh Bramley, the head of trading at crypto asset management firm BlockStars, says that yesterday’s “fast and aggressive” price movements had all the hallmarks of bot - or algorithmic - trading. “I strongly believe this market is full of algos [sic],” Bramley wrote in an email. “Bitcoin will go sideways on very low volume for a while then there would be a ‘random move’ which is not based on news or technicals.” He added: “I don’t buy into the idea it’s a big seller or buyer because we have a very large OTC market in crypto and if you were trading that on an exchange you would be more subtle.” “Fast and aggressive”. Bitcoin price action in the past month. Credit: CryptoCompare Algorithmic trading - ‘bots’ - is a computer based form of trading that has become commonplace in most financial markets in the last decade. They facilitate automatic orders, which are triggered by certain conditions or indicators in the market. These algorithms work fast and around the clock, making them ideally suited for frequent trading in multiple time zones. Bots have quickly replaced humans as traders in traditional markets. The Financial Times found that more than half of all equity trades in the US were executed by algorithms in 2018. They have also become widely used in crypto trading; many large firms already have them and some sites offer algorithms for retail investors too. But not everyone thinks Sunday’s slump can be quite so easily attributed to bots. Without discounting the idea, Mati Greenspan, senior market analyst at eToro, said it could have been a whale, or a “chain reaction” of stops and liquidations. In other words, he speculates, it could have been the result of a cascade of ‘sell’ orders, each triggered at a slightly lower market price. Are bots good for the market? The space is already “dominated” by algorithmic trading, Bramley says. But that’s not necessarily a bad thing: bots provide markets with volume and liquidity and determine price equilibriums. But in an immature market - like crypto - bots can also give traders the opportunity to profit from price disparities between exchanges. Otherwise known as arbitrage trading, bots excel at detecting price differences and exploiting them fully. Frank Wagner, CEO of INVAO, a blockchain asset pool, explains arbitrage trading as “very rapid buying and selling at precisely the right moment on different exchanges.” This practice, he says, also makes markets more secure, potentially attracting more institutional investors into cryptocurrency. Bramley thinks this key advantage will eventually lead to an evolution in the market: algorithms will take precedence over inexperienced retail traders. Existing bots will be superseded by more efficient bots as margins thin and the market matures. If trends continue, the majority of crypto trading may soon be limited to a few big firms locked in a constant algorithmic arms race. The Sunday slide is a perfect example of just how closely crypto is following the traditional markets. The author is invested in digital assets, including BTC and ETH which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Sunday Slump: Are Bots Wreaking Crypto Havoc? appeared first on Crypto Briefing.

8 hours ago

Ripple vs Bitcoin - XRP Mirrors BTC’s Price Action

XRP Daily Chart - Source: Tradingview.com The largest altcoin and penny cryptocurrency by market cap - Ripple’s XRP - mirrored the performance of the cryptocurrency market leader Bitcoin over the weekend. Both recorded bullish movements on Saturday but followed this up with more bearish movements on Sunday where the prices dropped to a key point of liquidity for both. While Bitcoin managed to overcome a key level during Saturday’s rise, XRP met resistance at the $0.335 level. Bitcoin failed to close above its key level, and prices followed up on Sunday with a significant drop that more than erased Saturday’s gains. XRP dropped to around $0.312 which has formerly been a point of both buyer liquidity and of resistance. This is now the low point of trade for the past two weeks price action making it an even more significant point for XRP trading. Price action is currently forming a Doji candle on the daily chart. A Doji candle is a candle where the open and the close are around the same point and reflects uncertainty from the side of traders. XRP Hourly Chart - Source: Tradingview.com The price action of XRP has been performing bullish since dropping to $0.312. It has been forming a series of higher highs, and higher lows whereas the price action in Bitcoin has been consolidating which forms a bear flag pattern increasing the likelihood of a drop. However, if a drop takes place in Bitcoin, XRP will likely follow despite forming higher highs and higher lows on the lower timeframes. Key takeaways: XRP has mirrored the price action of Bitcoin over the week with bullish movements on Saturday followed by bearish movements on Sunday. Price action has found liquidity at $0.312 and has since been forming a series of higher highs and higher lows. With market leader Bitcoin forming a more bearish pattern, this is likely to have an impact on XRP if it plays out. Latest Ripple News: Bitcoin vs Ripple Price Analysis: BTC and XRP Drop to Last Weeks Lows Kuwait Financial House Launched an Instant Cross-border Remittance Service Using Ripple’s Blockchain Technology 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 vs Bitcoin - XRP Mirrors BTC’s Price Action was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

8 hours ago

Bitcoin [BTC] Price Analysis: Bear Flag Forming for Bitcoin

Bitcoin Daily Chart - Source: Tradingview.com The week wrapped up with bearish movements yesterday for the cryptocurrency markets. Bitcoin recorded bullish movements on Saturday as it rose above a key resistance level at $3684. However, price failed to close above and fell back below before Saturday’s daily candle finished. Price followed up with bearish movements on Sunday which brought it back down to the point of last weeks low at $3476. Price found liquidity at this point and has since been consolidating around $3520 to $3540. Today’s daily candle is forming a Doji candle. A Doji candle is a candle where the open and the close are around the same point and reflects uncertainty from the side of traders. Bitcoin 4-Hour Chart - Source: Tradingview.com After finding liquidity at $3476, the price rose back up and has been consolidating since. The consolidation increases the chances that the next significant move will be to the downside. A downward movement followed by consolidation increases the possibility of another downward. Price is currently forming what is known as a bear flag pattern where a downward move is followed by consolidation. Other factors also lead to a more bearish outlook. Saturdays return below the $3684 level shows the traders are rejecting prices above this level. The key level to monitor if price drops from here is $3684. This was the weekly low for the past two weeks. A drop below here may put a price on a trajectory towards 2018 lows at $3122 Key Takeaways: Bitcoin price traded bullishly on Saturday but failed to hold levels above $3684. After dropping back below $3684, price continued downwards until it found liquidity at the $3476. Price is currently forming a bear flag pattern. Traders seem uncertain with a Doji forming on the daily. Although the price is forming a bearish pattern, a drop below $3476 may mean a return to the 2018 low at $3122. Latest Bitcoin News: Bitcoin vs Ripple Price Analysis: BTC and XRP Drop to Last Weeks Lows Business Insider Lists 13 Crypto-Friendly Celebs Who May Own Millions in Bitcoin 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 [BTC] Price Analysis: Bear Flag Forming for Bitcoin was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

9 hours ago

Binance, BitMex most-secure exchanges; Bithumb, DOBI among least-secure exchanges, finds CER research

The cryptocurrency market has been amidst dark clouds recently, with the market being mauled by the bear and many exchanges suffering attacks from hackers. These two factors have resulted in the loss of huge sums of money for multiple exchanges and cryptocurrency investors. Market sentiment was also swayed by these developments, with many enthusiasts and analysts equally voicing how cybersecurity must be taken much more seriously by mainstream exchanges. A new research by Cryptocurrency Exchange Ratings [CER] assessed the security of the top-100 exchanges [according to CoinMarketCap] and rated them based on their Cyber Security Score [CSS], an assessment system which grades the cybersecurity parameters of exchanges on a 10-point scale. According to the research, a total of $1.3 billion was stolen from cryptocurrency exchanges in the year 2018. The data was collated by the CER team based on a comprehensive assessment model for security audits, that consisted of three components: Server Security User Security Ongoing Crowdsource Security Assessment [OCSA] Source: Crypto Exchange Ranks As per the data collected by the researchers of the distribution by CSS, only nine exchanges scored above eight points out of ten. The exchanges that topped the list with flying colors were Kraken, and Coinbase Pro, followed by Binance and BitMex on the third place. However, the popular exchanges like Bithumb [98th on the list], DOBI [93rd on the list], ZBG [96th on the list], Coincheck, and Zaif were rated as the worst CSS performers. Source: Cryptocurrency Exchange Ranking As per the research paper, the three most problematic factors for crypto exchanges were: The existence of Bug Bounty programs DNSSEC record HTTP Headers Source: Crypto Exchange Ranks Out of the three problems, DNSSEC record and HTTP Headers were the security aspects of the security servers. Furthermore, the Bug Bounty program, a program designed to offer rewards to individuals for finding errors, vulnerabilities or bugs in the security systems of exchanges, had the worst results. The data reflects that only 13% of the trading platforms have ongoing bug bounty programs, which are substantially reliable. Even out of this, 6% host the program on their own, while 7% use specialized platforms, like HackenProof or Bugcrowd, to serve the purpose. Source: Crypto Exchange Ranks DNSSEC protocol, or The Domain Name System Security Extensions, uses public key encryption to authenticated DNS servers. This is used to prevent the usage of forged or manipulated DNS data. However, it the second-largest dissatisfied factor by exchanges. The research claims that 60% of the analyzed platforms do not have appropriate records for their domains. Source: Crypto Exchange Ranks The last matter of concern is the HTTP Security Headers. The research examined security-related fields in the header section of HTTP request and response messages. If installed correctly, it can prevent malicious actions like man-in-the-middle and cross-site scripting attacks. However, after checking seven headers, it was concluded that 59% of the exchanges had missed six to seven of them, while 17% missed four to five. Only 13% managed to miss just two to three headers, leaving a mere 11% of the exchanges missing just one header. Earlier this month, Cryptopia, a cryptocurrency exchange based in New Zealand, had announced that they have lost funds due to a security breach. The exchange platform continues to be under maintenance and the amount that was compromised by the hack has still not been disclosed by the team. Under such circumstances, when exchanges are being hacked rampantly, the research provides a detailed insight into what each exchange lacks and where it can improve. The post Binance, BitMex most-secure exchanges; Bithumb, DOBI among least-secure exchanges, finds CER research appeared first on AMBCrypto.

9 hours ago

Learning how to protect your crypto wallet from cyber attacks

Last year, hackers stole over 530 million dollars’ worth of cryptocurrency on Asia’s leading crypto platform, Coincheck. This security breach was a major wakeup call for the whole industry demonstrating that it is not just users, but entire platforms that are vulnerable to attack. As with many things in the online world, a little precaution goes a long way in ensuring your digital safety. In the crypto-world of anonymous and instantaneous transactions, security is vital. That’s why we’ve put together this list of essential steps to help you protect your crypto wallet from cyber attacks. Your Crypto Wallet To understand how your coin can be stolen, it’s first important to know about the different types of wallets. You have two options for storing coins. Most people use online services where they purchase, store, and exchange coins. Its highly convenient, but also the most vulnerable to attack as all of your accounts are concentrated in one location. You can choose to install your own wallet, which does add another layer of security, but it’s still likely “hot” or has a default active internet connection. Do note, anything connected to the internet provides hackers with an opportunity for access. That’s why many people use “cold” or offline wallets to store assets. You can use a USB drive, offline key or other options that you only connect during a transaction and disconnect immediately after. Two-Factor Authentication Regardless of what you’re doing online from logging into Facebook to buying new shoes, you should be using two-factor authentication. This ensures that even if someone has access to your login information, they’d still need your phone or email account to be able to receive the code. You can also get more secure by using specific authenticator apps or specific hardware dongles. Don’t Use Public Wi-Fi Who isn’t tempted by the promise of free Wi-Fi? These days, Wi-Fi is everywhere, and hackers know it. Three distinct vulnerabilities include malware, man-in-the-middle attacks, and Wi-Fi sniffing. Wi-Fi sniffing is the practice of discovering key information from a computer connected to a network. Instead, create your own hotspot from your phone. If you have to use public Wi-Fi, then be sure to use a VPN. Use a VPN on Android and iOS Whether you are using a mobile-based wallet or connecting through your phone’s data connection, a VPN is one of the best ways to secure your cryptocurrency. A VPN or virtual private network encrypts your data and anonymizes your connection. This strong combination deters hackers because it’s much more difficult to gain access to your personal information and simply isn’t worth their time. Beware of Any Downloads Two-factor authentication and caution with downloads should be the backbone of all digital security nowadays. The problem is that hackers are getting smarter. For example, your friend’s email address may have been hacked, and you will receive an email with a link or download that may seem harmless. Unless you have strong spam filters or can recognize a phishing attack, the same thing can happen to you. These downloads and links can contain all kinds of malware from reading keystrokes to gaining access to all your files. Be careful, most people in the crypto wallet aren’t out to steal your coin or info. But, there are smart hackers who will post links on communities like Reddit and Telegram as a bait. Instead, use file and links to check anything out before you accidentally let in something malicious. Keep Private Keys Offline In crypto, you have private and public keys. The public key is the record of the currency and ensures that it can only be used for one transaction at a time. The private key is how you access the coin, and you need to make sure it is always safe. Think of it like this, with crypto you are your own bank. You not only control how the coin is used, but how it is protected. For small amounts of crypto, it’s fine to keep your coin online. However, once you become a more serious investor, you need the safety of a cold wallet. These days, cold wallets like USB sticks and other methods work faster than ever. It’s more than worth it for your transactions to take a little bit longer to ensure the complete security of not just your crypto but also your personal information. A Total Approach to Defend from Cyber Attacks Cryptocurrency is a booming market that continues to skyrocket in value. In any speculative industry, there are going to be some bad actors. However, if you follow these keys steps and take a total approach to your digital security, you can protect yourself. Through using a VPN on Android and combining this with a cold wallet option, you can keep your coin safe and make the most of the exciting world of crypto The post Learning how to protect your crypto wallet from cyber attacks appeared first on AMBCrypto.

9 hours ago

Why Africa needs cryptocurrencies

Home to 54 countries, the most on any continent, Africa’s growth in finance and banking has not been tremendous. Out of the unbanked population in the world, 350 million of them live in Africa, representing 17 percent of the global figure. The situation looks grimmer when you come to the continent: the unbanked represent between 66 and 80 percent of the population of Africa. There are many causes for this appalling situation, including numerous political, economic, and social problems. The lack of capital for infrastructure, generally low literacy rates, political instability, and government policies are, among other factors, at the crux of the financial woes inhibiting the continent’s growth. So what is the way forward? For many international organizations such as the IMF and the World Bank, possible solutions have centered on a strong push towards financial inclusion, which generates policies to bring as many Africans as possible onto the global financial landscape. Such means include making banks accessible to the average Joe, encouraging banks to flex their muscles for small and medium businesses, and boosting the creation of new fintech firms. But after many years of these policies, it is clear that a lot of people are still not part of the financial system. Something is missing. It turns out Africa doesn’t need the current approach to financial inclusion Disruptive inventions take time and financial resources to materialize, and the creation of a paradigm shift doesn’t happen overnight. That’s why these sweeping innovations are sometimes left to nations with both the financial and human capital to undertake the research, create innovative products, and implement solutions that span across the entire world. The bad news is, Africa lacks the political will (and in most cases, also the resources) to take high-risk bets on innovative solutions. The good news is, however, that we don’t actually have to go through the long, innovative, and research-intensive route just to improve our current banking system which itself is not helping much. Africa is growing in population, development, and influence on the global market. In 2010, the McKinsey Global Institute described African economies as “lions on the move”. And though growth seems to have reduced, adopting cryptocurrencies will undoubtedly turn things for the better. Let’s find out why the continent needs Satoshi’s invention: Bypass the banking revolution Africa can use cryptocurrencies to bypass the entire banking revolution and solve the continent’s financial inclusion woes. Developed countries have moved from bank tellers to ATMs, from ATMs to online banking on desktops, and then from the desktop to mobile payments such as Venmo, Apple Pay, and a lot more. Going from one of these standards to the other requires a remarkable amount of capital, time, effort and brainpower, as well as strong adoption from the ordinary people. Thanks to cryptocurrencies, Africa can bypass these standards. Just like many parts of the world, it costs a lot of money to make transfers via banks in Africa. Also, getting a bank account is hectic and requires a lot of paperwork, which is sometimes out of reach for many of the ordinary people on the continent. Small businesses also find it difficult to get credit because of the formal documentation that is required by banks. Just like how M-Pesa was able to revolutionize money transfer in Africa and around the world through the mobile phone, cryptocurrencies could allow Africans undertake day to day transactions without banks, make transfers without huge fees, and get access to finance without going through a ‘formal’ financial institution with all the cumbersome paperwork. Peer to Peer cryptocurrency transfers is already gaining grounds in Africa. Among others, Bitmari from Zimbabwe, BitPesa from Kenya, Naira Exchange from Nigeria, and PayPlux from Ghana are building the backbone for a p2p financial future on the continent - a journey where cryptocurrencies will be at the center of payment and banks will gradually be phased out. Tackle Fiat and Central Bank Woes What have cryptocurrencies got to offer to the African continent that fiat hasn’t been able to? You don’t need the knowledge of an economist to understand that most of the products you purchased a few days or months ago have suddenly increased in price. Your response will probably be “That’s only natural. There is nothing to be done about that. That’s how things are supposed to work. The cost of manufacturing has probably increased“. The truth is, it isn’t the cost of the product that has increased, but rather the value of your money that has reduced. This trend has been seen around the continent. Hyperinflationary spirals from Zimbabwe and South Sudan make fiat currency useless in many cases. Double-digit inflation rates are affecting economies of Ghana, Sudan, Central African Republic, Angola, Egypt and many other countries on the continent. But governments

9 hours ago

XRP Price Analysis: Ripple Under Immediate Selling Pressure

XRP USD Short-term price analysis Ripple price under immediate selling pressure below $0.34 level. Early week decline has sent the XRPUSD pair below $0.3188 and to a fresh 2019 trading low Price trades below the neckline of a bearish head and shoulder pattern, August 2018 low may soon come into focus In the short-term, the XRPUSD pair risks falling below the $0.30 benchmark level, following buyers’ failure to move price back above the $0.34 level last week. Major support for the XRPUSD pair is found at the $0.28 and $0.25 level in the short-term. Failure to stage any meaningful rally above the $0.34 level promotes the bearish short-term view of a further decline towards the $0.25 level. Pattern Watch The XRPUSD pair has broken below the neckline of a bearish head and shoulders pattern with a $0.10 downside projection. It is worth noting that Ripple was one of the only major cryptocurrencies that failed to break to new 2018 trading lows during the widespread decline seen in December last year. Only a break below the $0.28 level enforces the view that the market has turned definitively bearish on Ripple. Key Moving Averages Price trades below the 50 and 100-period moving averages on the four-hour time frames, indicating short-term weakness while trading below the $0.33 and $0.34 levels. MACD & Volume The MACD indicator on the four-hour time frame is trending lower and is starting to coincide with the early week decline seen in the XRPUSD pair. The volume indicator is declining, with the highest trading volume seen during the January 10th sell-off in the XRPUSD pair. XRP USD Medium-term price analysis In the medium-term, the XRPUSD pair has been trading lower after it became apparent that the potential inverted head and shoulder pattern on the daily time frame was starting to fail. Failure to surpass the $0.40 resistance level so far this year has cemented the view that Ripple will likely test lower before it heads higher. It is fairly clear on the daily price chart how critically important the $0.25 level is to the medium and longer term view for the XRPUSD pair. A loss this key area supports selling to at least the $0.18 level, while failure to break below the $0.25 supports the idea of another bull-run higher in the medium term towards $0.50. Pattern Watch A bullish double-double bottom pattern is already in place on the daily chart as clearly illustrated above. A triple-bottom formation will clearly be even more bullish in the medium-term. The failed inverted head and shoulders pattern around the $0.55 to $0.60 level is weighing on sentiment, these type of technical failures seldom bode well for reversing prevailing market trends. Key Moving Averages Price trades below the 50,100 and 200-day moving averages, with the 50-day closes by, at $0.35 A bearish crossover is currently underway, with the 50-day turning below the 100-day. MACD And Volume The Daily MACD indicator is trending lower, a clear technical breakout is probably needed to replicate the large trending moves lower in MACD seen in October and November. Volume has been gradually declining, although moves in the XRPUSD pair have been relatively tame so far this year. Join the conversation on Telegram and Twitter! Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post XRP Price Analysis: Ripple Under Immediate Selling Pressure appeared first on Crypto Briefing.

9 hours ago

Block.one Lists 4 Reasons Why Developers and Enterprises Are Choosing the EOS Blockchain

The EOSIO blockchain protocol published by Block.one has only existed for seven months but is already the home of 260 projects. The EOSIO-based projects provide a host of blockchain based software solutions in healthcare, social network, payments, marketplace, gaming, and many more categories. EOSIO looked to explain why decentralized applications are being built on their blockchain, and why other blockchain apps are migrating to the EOSIO. They explained why it EOSIO is becoming popular amongst enterprises and developers alike in a new Medium blog post. According to EOSIO, there are four reasons why the EOSIO network has become a favored choice for blockchain apps. These include speed, cost, sustainability, and scalability. They stated that EOSIO is the most used blockchain software in the world to date and that the dApps built on their network provide real-world utility as well. Here are the four reasons EOSIO give on why applications are being built on their platform: #1 - Scalability Some existing blockchain systems do not scale enough to handle the needs of a business- which may process thousands of transactions per second for its customers. EOSIO’s public network can process more than 4,000 transactions per second, making it 200x faster than its closest competitor. On private networks, these speeds can increase substantially, helping businesses achieve the speeds they need. #2 - Speed EOSIO applications come with lower latency rates compared to other blockchain platforms. It helps EOSIO blockchain apps work like regular, non-blockchain services. Alex Casassovici, founder of the gaming network Azarus noted: “With EOSIO, users can interact with the blockchain without having to know how it works.” EOSIO further stated: “This is key to driving mass adoption of blockchain technology, as it amplifies the unique benefit of blockchain without compromising existing conditions that all users take for granted, such as speed and convenience.” With the latest EOSIO v 1.6 implemented last week, the network can achieve better performance and speed. The release was announced by the company in a recent blog post: “Our own internal benchmark tests show upwards of a 35% increase in likely transaction speed when using token-transfers-per-second as our base case.” #3 - Low Cost The blockchain network doesn’t have a transaction fee which means that EOSIO apps are free to use. This helps users get rid of complicated transaction fees which are common in first generation blockchains. For developers, such low costs mean that operating an EOSIO network doesn’t cost them more than maintaining a traditional server. #4 - Eco-friendly Blockchain tech has been frequently criticized for its environmental effects. Bitcoin, for instance, needs more energy to run its network than Singapore uses. The EOS blockchain uses Delegated Proof of Stake (DPoS) instead of Proof of Work (PoW) as a consensus algorithm. This helps in making the blockchain network 66,000 more energy efficient compared to Bitcoin and 17,000 times better than Ethereum, according to calculations by Genereos. Block.one Lists 4 Reasons Why Developers and Enterprises Are Choosing the EOS Blockchain was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

10 hours ago

This Former Bitcoin Price Support Is Now Capping Gains

Bitcoin's weekly gains were wiped out at the weekend by a key moving average that previously offered support.

13 hours ago

Xapo Shifts its Services to Switzerland from Hong Kong

Xapo, a provider of Bitcoin services is shifting its key operations from Hong Kong to Switzerland because of friendly crypto regulations in Switzerland. According to the firm's president Ted Rogers, Swiss regulators deal with the financial markets in a smart, interesting, and sophisticated manner. The Xapo operational transfer involves BTC wallet services of non-United States customers being shifted to Switzerland. On the other hand, traditional cash accounts will be handled from London. This move comes at a time when blockchain firms are moving to Switzerland because of its crypto friendly laws. (KE)

14 hours ago

PR: trade.io Turns up the Heat With Massive Airdrop - Attractive Trading Competition

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. CALLING ALL TRADERS! Think you’re good at trading... Well, it’s time to put your skills to the test. Hong Kong - Cryptocurrency exchange, trade.io, continues to make waves in the crypto space as it is set to launch a series of exciting trading competitions to add to their line-up of innovative products and services. In conjunction with the competition, trade.io has partnered with KRATOS to launch a massive airdrop to entice the entire crypto community! More details can be found on our Medium page. To kick off their first competition with a bang, trade.io is offering 1 million KTOS tokens (worth 130,000 USD!) where traders need to trade as many KTOS as they can to have a chance to win a first prize of 200,000 KTOS, or one of 99 more prizes! The tenacious team behind the trade.io name is encouraging their community to challenge friends and other TIOnauts. trade.io’s Chief Operations Officer, Roy Gutshall, shared his excitement on the KTOS competition & airdrop: “We’re thrilled to be launching the trading competition as it adds diversity to our already innovative portfolio of key services and brings value to our TIOnauts who have been eagerly anticipating our next move. “It has been a pleasure to work with KRATOS during their ICO and we are excited to see the evolution of their project with the listing of KTOS on the trade.io Exchange. We believe this generous airdrop and attractive trading competition, will help further promote the adoption of both trade.io and KRATOS platforms. We thank KRATOS for their continued support and opportunity to share in their continued success.” To have a chance of winning your share of 1 million KTOS tokens, here’s what you need to know... How to enter: ● Users must sign up to the trade.io Exchange by 22nd January. Anyone signed up to trade.io Exchange is eligible to participate in the competition. ● On Wednesday 23rd January, users will be airdropped 75 KTOS tokens to their account. ● KTOS will also be listed on this day, so users can purchase more tokens to compete with to increase their chances of winning! ● The competition will take place for a total of 10 days, from 22nd January - 1st February. What’s next? Start trading KTOS! The winner of the competition will be the person with the highest amount of KTOS tokens traded against any of its pairs. The total prize fund is worth over 130,000 USD (1 million KTOS tokens). In addition... All accounts participating in the trade.io Liquidity Pool will share 1 million KTOS tokens proportionally. Ranking of prizes 1st prize: 200,000 KTOS 2nd & 3rd prize: 70,000 4-10: 35,000 11-20: 20,000 21-50: 5,000 51-80: 1,500 81-100: 1,000 The leaderboard for the competition can be found here: https://competitions.trade.io/kratos?utm_source=BTC&utm_medium=paid&utm_campaign=kratos and will be updated once per day at 12pm GMT. About KRATOS KRATOS is a blockchain-based platform that is accessible 24/7 for the commodities trading industry, and acts as a single source of truth. Smart contracts between the trading parties allow for more efficient, accurate and simpler processes leading to lower overhead costs and time delays. TIOnauts - hold onto your hats! Well, what are you waiting for?! Be sure to sign up to the trade.io Exchange if you haven’t already and get ready to compete! The launch of trade.io’s exclusive competition is just the first of many and the latest to their line-up of exciting products & services. Lots more trading competitions & prizes will be announced soon. To get in touch or for any questions contact support@trade.io Supporting Link https://competitions.trade.io/kratos?utm_source=BTC&utm_medium=paid&utm_campaign=kratos This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. The post PR: trade.io Turns up the Heat With Massive Airdrop - Attractive Trading Competition appeared first on Bitcoin News.

14 hours ago

Ripple Price Analysis: XRP At Risk Of Significant Losses

Ripple price remained below the key $0.3400 and $0.3450 resistance levels against the US dollar. There was a break below a major contracting triangle with support at $0.3245 on the 4-hours chart of the XRP/USD pair (data source from Poloniex). The pair is currently trading well below the $0.3320 support and it remains at a risk of more losses below $0.3150. Ripple price is under a lot of selling pressure below $0.3320 and $0.3400 against the US Dollar. XRP may perhaps continue to move down below the $0.3100 and $0.3060 supports. Ripple Price Analysis There was no major upward move in ripple price above the $0.3400 and $0.3450 resistances against the US Dollar. The XRP/USD pair settled below the $0.3400 support and the 55 simple moving average (4-hours). This past week, there were mostly range moves above the $0.3200 support. The price made another attempt to clear the $0.3400 and $0.3450 resistances, but it failed. As a result, there was a sharp drop below $0.3320 and $0.3250. XRP even moved below the $0.3200 support and traded as low as $0.3151. Moreover, there was a break below a major contracting triangle with support at $0.3245 on the 4-hours chart of the XRP/USD pair. At the moment, the pair is consolidating losses above the $0.3160 level. An initial hurdle is near the 23.6% Fib retracement level of the recent slide from the $0.3484 high to $0.3151 low. Above $0.3230, the next major hurdles are near $0.3280 and $0.3300. Besides, the 50% Fib retracement level of the recent slide from the $0.3484 high to $0.3151 low is at $0.3320 along with the 55 simple moving average (4-hours). Therefore, the price is likely to face a strong selling interest near $0.3300 and $0.3320. Looking at the chart, ripple price is trading with a lot of bearish signs below $0.3320. If there is a downside break below $0.3150, the price could accelerate losses towards $0.3100, $0.3060 or $0.3010. Technical indicators 4-hours MACD - The MACD for XRP/USD is placed heavily in the bearish zone. 4-hours RSI (Relative Strength Index) - The RSI for XRP/USD is now well below the 35 level. Key Support Level - $0.3150 Key Resistance Level - $0.3320 The post Ripple Price Analysis: XRP At Risk Of Significant Losses appeared first on Live Bitcoin News.

14 hours ago

Tron [TRX] acquired BitTorrent: First airdrop scheduled for February

Tron [TRX], the ninth-largest cryptocurrency in the market, has been creating a buzz in the crypto space through their announcements and updates. Justin Sun, the founder and Chief Executive Officer [CEO] of Tron, has been at the forefront of the developments, ensuring every piece of news reaches the Tron community. Tron had acquired BitTorrent in 2018 with an aim to create the largest decentralized ecosystem on the planet, a tie-up which resulted in the creation of the BitTorrent [BTT] token. The BitTorrent Foundation recently revealed more details regarding the BitTorrent airdrops for Tron holders. The report released by BitTorrent stated: “On February 11th, 2019, BitTorrent Foundation will initiate its first airdrop of BitTorrent (BTT) to TRON (TRX) holders. The snapshot will be taken when TRON’s block height reaches 6.6 million*. Based on this snapshot, BitTorrent Foundation will initiate its first airdrop of 10,890,000,000 BitTorrent (BTT), corresponding to 1.1% of total circulating supply.” BitTorrent has also said that over the course of the year, 11,880,000,000 BTT will be offered to TRX holders. Following this airdrop, 12,870,000,000 BTT will be deposited via airdrop in 2020. BitTorrent also added: “If you are holding TRX, you will be eligible for BTT airdrops. All official wallets relaying on TRON’s network and carrying TRX will be eligible for BTT airdrops corresponding to the amount they are holding. No minimum of TRX is required to qualify for BTT airdrops.” The airdrops will be conducted automatically, regardless of whether the TRX tokens are frozen or not. BitTorrent has not given a list of exchanges that will support the airdrop, with the list still in the pipeline. The organization has said that the exchanges will be confirmed soon. BitTorrent has been on a roll with other announcements such as a proposed live stream feature to be launched this year. The Tron Foundation had said: “If everything goes as planned with #BTT, #TRON is expected to launch BT’s livestreaming feature in 2019.” With the development, BitTorrent will be in direct competition with popular streaming platforms like YouTube and Twitch. The announcement was made during the niTron Summit, Tron’s first flagship conference. Officials from the company also said that Tron will be playing a key role in connecting the BitTorrent protocol to its users, which will enable downloads and uploads to occur faster. The post Tron [TRX] acquired BitTorrent: First airdrop scheduled for February appeared first on AMBCrypto.

15 hours ago

Yahoo co-founder Jerry Yang: Banks and trading have found a natural technology in blockchain

Speaking at a panel discussion in Singapore, Jerry Yang, the co-founder of Yahoo, threw his support behind blockchain technology and said that it is a natural technology for banks and trading. The co-founder of Yahoo was attending the Nikkei Innovation Trading Forum when he put forth his views on technology in the context of the US financial industry and its competitive rivalry with China’s emerging technological sphere. He said: “Blockchain is a natural technology for banks and trading. If you look at US institutions and banks, the kind of infrastructure that is being developed has long-term implications. For the technology to succeed, the question is can there be trust built? That can open huge amounts of doors.” Yang, who is also an investor in technology startups through his firm AME Cloud Ventures, further expressed his strong belief about the utility of cryptocurrencies and blockchain technology and implored banks and trading systems across the world to harness the applications emerging out of the nascent field. However, Yang also advised caution when he said that trust is key to the mass adoption of the blockchain and that the technology will fade if trust in it isn’t built or strengthened soon. Jerry Yang’s comments are welcome at a time when much of the early hype associated with cryptocurrencies is yet to be realized. His statement will only lend credence and support to countries such as Spain that have been adopting blockchain for wider purposes in the public sphere. Blockchain technologies have the potential to reshape everything from finance to banking and investing in such technology and its applications could have a revolutionary effect on the world. The post Yahoo co-founder Jerry Yang: Banks and trading have found a natural technology in blockchain appeared first on AMBCrypto.

15 hours ago

Yahoo co-founder Jerry Yang: Banks and trading has found a natural technology in blockchain

Speaking at a panel discussion in Singapore, Jerry Yang, the co-founder of Yahoo, threw his support behind blockchain technology and said that it is a natural technology for banks and trading. The co-founder of Yahoo was attending the Nikkei Innovation Trading Forum when he put forth his views on technology in the context of the US financial industry and its competitive rivalry with China’s emerging technological sphere. He said: “Blockchain is a natural technology for banks and trading. If you look at US institutions and banks, the kind of infrastructure that is being developed has long-term implications. For the technology to succeed, the question is can there be trust built? That can open huge amounts of doors.” Yang, who is also an investor in technology startups through his firm AME Cloud Ventures, further expressed his strong belief about the utility of cryptocurrencies and blockchain technology and implored banks and trading systems across the world to harness the applications emerging out of the nascent field. However, Yang also advised caution when he said that trust is key to the mass adoption of the blockchain and that the technology will fade if trust in it isn’t built or strengthened soon. Jerry Yang’s comments are welcome at a time when much of the early hype associated with cryptocurrencies is yet to be realized. His statement will only lend credence and support to countries such as Spain that have been adopting blockchain for wider purposes in the public sphere. Blockchain technologies have the potential to reshape everything from finance to banking and investing in such technology and its applications could have a revolutionary effect on the world. The post Yahoo co-founder Jerry Yang: Banks and trading has found a natural technology in blockchain appeared first on AMBCrypto.

16 hours ago

Bitcoin Price Analysis: BTC/USD Trends of January 21-27, 2019

CoinSpeaker Bitcoin Price Analysis: BTC/USD Trends of January 21-27, 2019 Key Highlights: Bitcoin price broke out of the ranging movement; the Bulls lost the momentum on the 4-Hour chart; there is a probability for further declination of BTC price. BTC/USD Long-term Trend: Ranging Resistance levels: $3,679, $4,237, $4,715 Support levels: $3,247, $2,765, $1,956BTC/USD is on a ranging phase on the long-term outlook. Last week, Bitcoin price experienced another consolidation phase after slow bearish movement. The bears could not push down the coin further as expected. The low BTC price level of $3,247 could not be reached. The bulls as well lost the momentum and were unable to push up the Bitcoin price beyond last week price. The BTC price started consolidating on the $3,679 price level. The coin is currently facing the $3,247 price level. The 50-day EMA remain above the 21-day EMA while the BTC price continues trading under the later which indicate that the bears were still holding to the BTC market. The Stochastic Oscillator period 14 is below 20 levels (at the oversold level) with its signal lines pointing down connotes further declination of BTC price and sell signal. The strong bearish daily candle that broke down and closed below the $3,679 price level yesterday, followed by another bearish candle today implies that the coin may find support at the previous low of $3,247. BTC/USD Medium-term Trend: Bearish BTC/USD is bearish on the medium-term outlook. The bullish momentum pushed Bitcoin price from the $3,679 former support level towards the high of $4,237 price level last week before it was resisted from the further increase. The bears gained enough pressure and push the coin back to its previous low after broken down the barrier at $3,679 price level and that of dynamic support and resistance. The coin is trading below the 21-day EMA and 50-day EMA with the two EMAs bending to the south as a sign of bears’ pressure. However, the stochastic Oscillator period 14 is below 20 levels (oversold level) twisted to each other and flat horizontally which indicates that the coin may experience consolidation for a short period of time. Bitcoin Price Analysis: BTC/USD Trends of January 21-27, 2019

17 hours ago

Litecoin (LTC) Price Analysis: Sellers In Control Below $33

Litecoin price failed to break the $33.00 resistance and declined recently. LTC is currently trading above $30.00 and recoveries towards $32.00 or $33.00 could face sellers. Key Talking Points Litecoin price failed once again to clear the $33.00 and $33.20 resistances (Data feed of Kraken) against the US Dollar. There was a break below a major bullish trend line with support at $31.50 on the hourly chart. LTC price is currently consolidating above $30.00, but it remains at a risk of more losses towards $28.00. Litecoin Price Analysis In the last litecoin analysis, we discussed above the next key break in LTC price against the US dollar. The LTC/USD pair failed to gain bullish momentum above the $33.00 resistance, resulting in a bearish zone. Looking at the chart, LTC price topped near the $33.05 level and traded below the $32.00 and $31.00 support levels. There was even a close below the $31.50 support level and the 100 hourly simple moving average. Moreover, there was a break below a major bullish trend line with support at $31.50 on the hourly chart, opening the doors for more losses. The price traded close to the $30.00 support level and a new intraday low was formed at $30.33. At the moment, there is a short term contracting triangle formed, with resistance at $30.80 on the same chart. Above the triangle, the 23.6% Fib retracement level of the recent decline from the $33.03 high to $30.33 low is at $30.97. Therefore, a break above $31.00 is needed for a short term recovery. The next key resistance is near $31.50, the 100 hourly simple moving average, and the 50% Fib retracement level of the recent decline from the $33.03 high to $30.33 low. To start a fresh upward move towards the $33.00 resistance, litecoin price must move past the $31.50 resistance and the 100 hourly SMA. If LTC buyers fail to clear the mentioned resistance, there is a risk of a downside break below the $30.00 and $29.50 support levels. The next main support is at $28.00 and $27.50. The market data is provided by TradingView. The post Litecoin (LTC) Price Analysis: Sellers In Control Below $33 appeared first on Ethereum World News.

17 hours ago

Bitcoin Price Watch: BTC’s Trend Overwhelmingly Bearish Below $3,600

Bitcoin price failed to break the $3,750 resistance and declined sharply against the US Dollar. There was a break below a crucial bullish trend line with support at $3,620 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently recovery, but it likely to face a strong selling interest near $3,560 and $3,600. Bitcoin price fell significantly below the $3,600 support against the US Dollar. BTC is currently trading in a downtrend and it could resume its decline if it fails to surpass $3,600. Bitcoin Price Analysis This past week, there was a slow and steady rise above the $3,600 level in bitcoin price against the US Dollar. The BTC/USD pair even broke the $3,700 resistance level. However, it seems like buyers failed to gain strength above the $3,750 level. As a result, there was a strong downward move and the price declined below $3,700 and $3,600. The decline was such that the price settled below the $3,600 support and the 100 hourly simple moving average. More importantly, there was a break below a crucial bullish trend line with support at $3,620 on the hourly chart of the BTC/USD pair. Sellers pushed the price below the key $3,550 support, opening the doors for more losses. A low was formed at $3,470 and the price is currently correcting higher. It moved above the $3,520 level and the 23.6% Fib retracement level of the recent decline from the $3,729 high to $3,470 low. However, the previous support at $3,550 is now acting as a strong resistance. If there is a break above $3,550, the price could face sellers near $3,600. It represents the 50% Fib retracement level of the recent decline from the $3,729 high to $3,470 low. Looking at the chart, bitcoin price has moved into a bearish zone below $3,600. As long as sellers remain in control below $3,600 and $3,550, there is a risk of more losses below $3,500 and $3,400. Technical indicators Hourly MACD - The MACD for BTC/USD is slightly placed in the bullish zone. Hourly RSI (Relative Strength Index) - The RSI for BTC/USD is currently recovering toward the 40 level, with a positive angle. Major Support Level - $3,480 Major Resistance Level - $3,600 The post Bitcoin Price Watch: BTC’s Trend Overwhelmingly Bearish Below $3,600 appeared first on NewsBTC.

17 hours ago

Ripple Price Analysis: XRP Poised To Break $0.3000 Support

Ripple price is currently under pressure below the $0.3200 and $0.3180 support levels against the US dollar. There is a crucial bearish trend line formed with resistance at $0.3185 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to extend the current decline and it may even break the $0.3000 support area. Ripple price declined sharply below key supports against the US Dollar and Bitcoin. XRP/USD remains at a risk of more losses below the $0.3050 and $0.3000 support levels. Ripple Price Analysis This past week, we saw a decent recovery above $0.3300 in ripple price against the US Dollar. However, the XRP/USD pair failed on many occasions to clear the $0.3380 and $0.3400 resistance levels. As a result, there was a bearish reaction and the price declined below the $0.3200 support level. The decline was such that the even broke the key $0.3180 support level and moved into a bearish zone. Finally, there was a close below the $0.3200 support level and the 100 hourly simple moving average. A low was formed at $0.3102 and later the price started a short term upside correction. It recovered above the $0.3120 and $0.3130 levels. There was a break above the 23.6% Fib retracement level of the last decline from the $0.3352 high to $0.3102 low. However, the previous important support near $0.3180 is now acting as a strong barrier for buyers. Moreover, there is a crucial bearish trend line formed with resistance at $0.3185 on the hourly chart of the XRP/USD pair. Above the trend line, the 50% Fib retracement level of the last decline from the $0.3352 high to $0.3102 low is at $0.3227. Therefore, there are many hurdles formed near $0.3180, $0.3200 and $0.3220. Looking at the chart, ripple price might continue to struggle near the $0.3200 resistance level. Therefore, there is a risk of more losses and it may even break the $0.3000 support area. Technical Indicators Hourly MACD - The MACD for XRP/USD is slightly placed in the bearish zone. Hourly RSI (Relative Strength Index) - The RSI for XRP/USD is now well below the 50 level, with many bearish signs. Major Support Level - $0.3100 Major Resistance Level - $0.3200 The post Ripple Price Analysis: XRP Poised To Break $0.3000 Support appeared first on NewsBTC.

19 hours ago

Bitcoin [BTC] could be given the same legal status as money in Wyoming

In what could be a huge step towards the acceptance and wider use of cryptocurrencies such as Bitcoin, the U.S state of Wyoming has introduced cryptocurrency legislation in the House that aims to bring legal clarity to the still nascent field. With this legislation, Wyoming aims to make itself a haven for such cryptocurrency and blockchain businesses by positioning itself as ‘forward-thinking’ and ‘responsive’ to the needs of the growing industry. If passed, it would be synonymous with how countries such as Malta and Estonia have realized the potential of the field to emerge pacesetters. As Senator Ogden Driskill of the Wyoming 1st District said, “The legislation, all taken together make Wyoming the Silicon Valley of Blockchain and Cryptocurrency of the nation and arguably—the world.” The state of Wyoming had already exhibited its increasing interest in inviting blockchain businesses to its state by passing two bills to regulate the cryptocurrency market way on 12 January 2019. Last year, San Francisco-based cryptocurrency exchange, Coinbase had also resumed business in the state after a long hiatus. The new legislation, as reported by Forbes, has a few key features that have excited many in the cryptocurrency business. For starters, the bill offers legal status to digital currencies such as Bitcoin, recognizing peer-to-peer transactions of cryptocurrencies and thus, giving it the same status as money. Secondly, the bill further reinforces its recognition of digital assets by authorizing banks to supervise such assets, and even taken them under custody, if needed. The bill offers new hope for many in the cryptocurrency and blockchain industry who have been left disappointed by the lack of clarity on the government’s part. This bill, if passed, will form the framework for any future legislation that may be passed on the subject. The post Bitcoin [BTC] could be given the same legal status as money in Wyoming appeared first on AMBCrypto.

20 hours ago

Ethereum Price Analysis: ETH Sinks Below Key Support, Could Extend Losses

ETH price failed to gain strength and declined heavily below the $118 support against the US Dollar. There is a major bearish trend line formed with resistance at $121 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses as long as it is trading below the $119 and $121 resistances. Ethereum price declined heavily in the past few hours against the US Dollar and bitcoin. ETH/USD settled below $120 and it may continue to decline towards $110 or $106. Ethereum Price Analysis After a decent recovery, ETH price faced a strong selling interest above the $125 level against the US Dollar. The ETH/USD pair formed a top near the $126 level and later started a sharp decline. It broke the $122 support and the 100 hourly simple moving average. The decline was crucial since the price broke the $120 and $118 support levels to move into a bearish zone. Sellers even pushed the price below the $115 level and a new weekly low was formed near the $113 level. Later, the price started consolidating losses above $113 and corrected a few points higher. It moved above the 23.6% Fib retracement level of the recent decline from the $124 high to $113 swing low. However, the previous support near the $118 level is acting as a strong resistance. Moreover, the 50% Fib retracement level of the recent decline from the $124 high to $113 swing low is positioned near $118. More importantly, there is a major bearish trend line formed with resistance at $121 on the hourly chart of ETH/USD. Looking at the chart, ETH price clearly moved into a bearish zone below $120 and the 100 hourly simple moving average. As long as it is trading below $118 and $120, there is a risk of more losses. The next supports are at $110 and $106. ETH Technical Indicators Hourly MACD - The MACD for ETH/USD is slowly moving in the bullish zone, but with a bearish bias. Hourly RSI - The RSI for ETH/USD is currently recovering above the 25 level, with a positive angle. Major Support Level - $113 Major Resistance Level - $121 The post Ethereum Price Analysis: ETH Sinks Below Key Support, Could Extend Losses appeared first on NewsBTC.

20 hours ago

Yahoo co-founder Jerry Yang says blockchain “natural technology for banks and trading”

Jerry Yang, the Taiwanese-American co-founder of Yahoo, says, despite crypto hype having yet to turn into reality, that blockchain and finance are a natural fit, according to comments first reported by Finews Asia. Yang was speaking at the Nikkei Innovation Asia Forum held in Singapore on Thursday, where he took part in a discussion entitled Rising Tides of Innovation in Asia. But before blockchain can secure the necessary adoption traction, paradoxically, given the technology gave wing to the word “trustless”, Yang says it first needs to build trust. Although in the reported remarks he did not explicitly explain who needs to trust who, given his observations in an earlier session at the same conference - in which he expounded on what he considers to be the three-sided clash between China and the US in the interrelated spheres of geopolitical hegemony, trade and technology - the trust presumably needs to be established not just with individual consumers or within and between corporations, but between states too. “Blockchain is a natural technology for banks and trading. If you look at U.S. institutions and banks, the kind of infrastructure that is being developed has long-term implications. For the technology to succeed, the question is can there be trust built? That can open a huge number of doors,” Yang predicted. Clearly, the starting point for that trust has to be at the level of individual corporations but, as the multiple consortia attests, interoperability and industry-wide standards means that development in isolation eventually has to break out into collaboration between competitors. Those sorts of relationships require trust of an old-fashioned sort, likely cemented by financial incentives and disincentives. When trust breaks down Think about the days past, when Google’s Eric Schmidt sat on Apple’s board happily soaking up the plans for the iPhone only for Google to work on an operating system for a similar as yet, at the time, unbuilt touch screen-based device. It’s why Steve Jobs called Android “a stolen product” and trust between the two tech giants broke down. Schmidt joined the Apple board in 2016, a year before the iPhone was launched, and Apple probably still deeply regrets the appointment. It is fair to say that one of the drags on the pilots that big banks have been involved in coming to fruition as working products, is the difficulties of agreeing practices and standards between rivals with different legacy infrastructure and levels of technological prowess. Staying with the trust theme, Yang added: “For applications to get implemented successfully, trust must first be built.” However, once the trust problem is overcome - a problem that distills into a mixture of confidence in the technology and trust in the ability of competitors and states to cooperate for mutual benefit, then the technology will see lift-off. “With trust, huge opportunities for the mass adoptions of blockchain will be realized,” Yang concludes. Geopolitics, trade, tech... and blockchain Speaking at an earlier session, Yang said he saw both positives and negatives coming out of the competitive rivalry between the US and China, a tussle he doesn’t see ending soon. “It continues to be the accelerator, both for the greater good, and for greater division. There needs to be some sort of mutual assurance and trust, which seems to be deteriorating.” The unintended consequence of the fight the Trump administration has picked with China is that it will encourage the Chinese Communist Party to double-down on seeking leadership in the technology realm. Although Yang framed his comments in the context of the US financial industry, blockchain is identified by China as one of the key technologies in its Fourth Industrial Revolution plan, with application way beyond just banks and trading. Indeed, China seems to see those as perhaps the least important sectors, although its big tech companies do have a head-start in areas such as mobile payments. Blockchain is one of the technologies that China is probably the most confident in establishing a lead over the US, as are the domains of artificial intelligence, internet-of-things and smart cities. To put it succinctly, it could be argued that China doesn’t have the same problem with ‘trust’ that the West has regarding blockchain adoption, because it can direct the economy from above (up to a point), forcing standards on industries, if it so wishes. Certainly, some of those emerging standards may appear to thwart distributed ledger development but that is a general misinterpretation by westerners. China has banned exchanges and ICOs not because it wants to kill blockchain. On the contrary, it wants full spectrum control in order to spur development for economic gain not individual empowerment. The natural fit with finance Regarding the natural fit with the world of finance, it looks increasing likely that the most successful financial applications will initially be in fundraising and secu

a day ago

Litecoin vs Ethereum: Similar Price Action as Both Drop to Key Levels

Ethereum 4-Hour Chart If we draw Fibonacci retracements from the December low to the January high of both Ethereum and Litecoin, we see similar price action taking place. The majority of trading during the week in both Ethereum and Litecoin took place at the 50% retracement level. The bearish movements over the past 24 hours have resulted in both cryptocurrencies dropping below the 50% retracement level. After breaking below the 50% retracement level, Ethereum met support at $114 which was the point of a breakout in late December and has also come into play as support since. Litecoin 4-Hour Chart Litecoin is similarly meeting support after dropping below its 50% retracement level. Litecoin is meeting support at $30 which is a psychological point for traders and also has previously come into play as support. Bitcoin vs Ethereum vs Litecoin The more recent bearish conditions have seen altcoins such as Ethereum and Litecoin underperforming when compared to Bitcoin. Over the past two weeks, Bitcoin has depreciated 3% in value whereas Ethereum and Litecoin have depreciated 20% and 7% respectively. Ethereum largely outperformed other major cryptocurrencies during a surge which took place from mid-December to early January. However, it has since been underperforming all other major cryptocurrencies. Key Takeaways: Ethereum and Litecoin are showing similar price action when Fibonacci retracements are drawn from the December low to the January high. Both Ethereum and Litecoin traded around the 50% retracement level for the majority of the week but a drop over the past day resulted in Ethereum and Litecoin meeting support at the $114 and $30 levels respectively. Ethereum has underperformed compared to other major cryptocurrencies over the past two weeks. Ethereum had previously outperformed from mid-December to early January. Litecoin vs Ethereum: Similar Price Action as Both Drop to Key Levels was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

a day ago

Bitcoin vs Ripple Price Analysis: BTC and XRP Drop to Last Weeks Lows

Bitcoin 4-Hour Chart The price of Bitcoin surpassed key levels during yesterdays trading creating a more bullish outlook. Many analysts were looking at $3840 as an area for its price to move to next. However, the bullish price action failed to follow up, and the price dropped back below the $3684 level. After failing to continue its bullish movements, the price dropped to the point of last weeks low and found support at this level. Price bounced from this support level and has been consolidating around $3520 for the past few hours trading. XRP 4-Hour Chart XRP was trading more bearishly during last weeks price action. Price of XRP failed to overcome the $0.335 resistance level during yesterdays surge, and we noted in yesterdays article that it would be likely to drop to last weeks low if the market did not continue rising. Price did drop to last weeks low, similarly to Bitcoin. Last weeks low is around $0.31, but the price has since risen to $0.315 and has consolidated here for the past few hours. The consolidation which is now taking place in Bitcoin and XRP increases the likelihood that the next significant will be to the downside. When price consolidates after a drop, this is often followed up by another drop. Key Takeaways: Both Bitcoin and XRP have dropped to last weeks low over the past day of trading, and both have found liquidity at this point. Both surged yesterday with bitcoin looking far more bullish after overcoming the $3684 resistance. Both bounced from the point of last weeks low and have been consolidating for the past few hours. Bitcoin vs Ripple Price Analysis: BTC and XRP Drop to Last Weeks Lows was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

a day ago

XRP Price Decline Paves the way for Retaking the 9,000 Satoshi Level

It was seemingly a matter of time until the bearish momentum returned to the cryptocurrency industry. Unsurprisingly, this also affects the values of assets and tokens in the process. Following a very bearish one-hour candle, the XRP price is now heading down in spectacular fashion. The upside is how this asset is finally regaining some BTC value, which will please some speculators. XRP Price Decline is Expected It is very unusual for weekend trading to show small bullish signs. For some unknown reason, that was exactly what yesterday brought to all markets. A fair bit of optimism seemed to materialize, yet most of those gains have been wiped out in the process. As Bitcoin takes another dramatic turn for the worse, all markets are forced to follow suit. XRP Is no exception in this regard, although it is gaining on Bitcoin itself. Over the past few hours, there has been a net 3.2% loss in XRP‘s USD value. Even so, this popular asset still sits on the fence at $0.32, which has proven to be somewhat of a stable support level in recent months. There is also a 1.25% increase in the XRP/BTC segment, which will be of more interest. If this trend keeps up, one XRP should be valued at 9,000 Satoshi again in the coming 24 hours. Depending on how and why one trades this asset, that can be a very positive sign first and foremost. As one would come to expect, the current price momentum dominates most of the discussions on Twitter right now. Bear Grylls’ Brother seems to confirm this is another “regulated” dump across the markets. It is uncanny how these bearish one-hour candles disrupted market momentum on multiple occasions this year already. Whether or not it is a coordinated effort, remains rather difficult to tell. oh look another regulated crypto dump....... #eth #etc #btc #xrp #ltc #ada #trx #bch — bear grylls brother (@2manyusernayms) January 20, 2019 Piers isn’t too bothered by this recent XRP volatility. In fact, this user turned a negative into a positive by stocking up on more XRP on the Kraken exchange. An interesting approach, as every market dip is someone else’s gain in the long run. It is never a smart idea to put all of one’s eggs in the same basket, but one can see why this dip would make for an interesting investment opportunity at this time. Great volatility right now, bought #XRP the hole way down to 0.3110 USD on kraken. Expencting to see a reversal and a shoot back up ti the 0.32 region — Piers (@ThackrayPiers) January 20, 2019 The actual price chart for XRP does not look too confidence-inspiring right now. In fact, it might turn more investors off as of right now. This massive drop has been quite spectacular, and the immediate uptrend following it was met with even more resistance. So much liquidity is changing hands, as the buy support remains fairly strong where this digital asset is concerned. That is one of the key aspects to keep an eye on when wild price shifts like these materialize. くっそワロタwww #リップル #XRP pic.twitter.com/zKUygiXlTF — りむくん (@yftIgV5fuxEYqta) January 20, 2019 Although the current market trend doesn’t look all that promising, there is no reason to panic yet. Bitcoin’s momentum looks incredibly troublesome, but it remains to be seen to which degree that will affect other currencies, assets, and tokens. For now, the XRP/BTC gains will keep some people more than happy, albeit the downtrend in USD value remains a point of concern. 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 XRP Price Decline Paves the way for Retaking the 9,000 Satoshi Level appeared first on NullTX.

a day ago

Why the BitTorrent (BTT) Token Sale Will Be Like No Other

The NiTRON Summit by the Tron Foundation this past week will go down in history as the first time the project hosted developers, fans of TRX, entrepreneurs and thought leaders to discuss the future of blockchain and innovation. One needs to just search twitter for the numerous mentions the event had by numerous Tron enthusiasts and investors, to understand the enormity of the occasions. There is no doubt that the next summit will be even bigger. BitTorrent Developments Mentioned at NiTRON It is at the event that many TRX fans and enthusiasts were made aware of the massive plans being laid out for the BitTorrent platform. Of particular importance for 2019, is the livestreaming feature mentioned by Justin Sun and the BTT token sale that will take place later this month on the Binance Launchpad. Launch of BitTorrent’s Livestream Feature One of the key takeaways from the NiTRON summit was that the Tron foundaiton and BitTorrent plan on lunching a livestream feature this year. This means the product will be competing with known apps such as twitter, facebook and Periscope. The tweet making the announcement can be found below. If everything goes as planned with #BTT, #TRON is expected to launch BT’s livestreaming feature in 2019. #TRX $TRX pic.twitter.com/TplAVJsFRN — TRON Foundation (@Tronfoundation) January 17, 2019 This announcement then brings out the question of how it will all work. Some have suggested that the Peer-to-peer platform of BitTorrent can be leveraged to increase the number of viewers per livestream. This suggestion can be found in the following tweet. leveraging the P2P network with compute also helps with POPS. The media server would be closer to connect for the most part on such a large network. — J walker (@Jbwalkerfj40) January 18, 2019 Why the BTT Token Sale Will Be Like No Other The peer-to-peer file sharing network of BitTorrent has been around since 2001. This means that the network has worked for the last 18 years and has a solid product to back up its quest for a token sale. This brings us to the first reason why the token sale will be like no other that we have seen in the crypto-verse. Unlike many ICOs that have wowed us with whitepapers for funding, BitTorrent has a working product thus proving it has been time tested and will not fade away like the numerous ICOs that have sunk in the bear market. There is also the livestream feature that will be launched this year. Using the past performance of the Tron foundaiton, this feature will be launched on time. Secondly, the BitTorrent token sale will be one of the first to be carried out on the Binance Launchpad. This platform is geared towards assisting entrepreneurs launch their visions by giving them access to tools such as advisory services and a way to access Binance’s 10 Million users who will probably participate in the token sale. Users of Binance hold the exchange with high regard. They also know that their funds are SAFU at the exchange. Therefore, any project on the Binance Launchpad has been properly vetted. Summing it up, the BitTorrent token sale that will take place from the 28th of January to the 3rd of February will be like no other due to two facts. Firstly, unlike past ICOs BitTorrent has a working product. Secondly, Binance has the reputation and reach of millions of users willing to take part in the crowdfunding event. It will not be a surprise if the token sale is over before the 3rd of February. What are your thoughts on the BitTorrent token sale that will take place later this month? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Why the BitTorrent (BTT) Token Sale Will Be Like No Other appeared first on Ethereum World News.

2 days ago

Known as @ETCLabsCore, the team of six, many of former ETCDE...

Known as @ETCLabsCore, the team of six, many of former ETCDEV Team, will provide key technical specialization for t… https://t.co/HMdJsgrlH8

2 days ago

Ethereum Price Weekly Analysis: ETH Facing Uphill Task Near $128

ETH price faced a strong resistance near the $127 and $128 levels recently against the US Dollar. There is a major bearish trend line formed with resistance at $125 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair must break the $125, $127 and $128 resistance levels to move into a positive zone. Ethereum price is struggling to clear many hurdles versus the US Dollar and Bitcoin. ETH/USD may climb higher sharply once there is a close above $128 and $130. Ethereum Price Analysis This past week, ETH price attempted to recover above the $132 and $133 resistance levels against the US Dollar. The ETH/USD pair tested the $133 level, but it failed to gain traction. As a result, there was a fresh decline and the price moved below the $130 and $125 support levels. There was a break below the 122 level and the price settled below the 100 simple moving average (4-hours). Moreover, there was a break below the 61.8% Fib retracement level of the last wave from the $113 swing low to $133 high. The price tested the $117-118 support and found a decent buying interest. Besides, the 76.4% Fib retracement level of the last wave from the $113 swing low to $133 high acted as a support. Later, the price recovered, but it seems to be struggling to clear the $127 and $128 resistance levels. More importantly, there is a major bearish trend line formed with resistance at $125 on the 4-hours chart of ETH/USD. Therefore, the price must break the $125, $127 and $128 resistance levels to start a fresh upward move. The next key resistance is at $133, above which the price may climb towards the $140 level. The above chart indicates that ETH price remains well supported near the $120 and $117 support levels. Having said that, a break above $128 is needed for a decent bullish wave. Technical Indicators 4-hours MACD - The MACD for ETH/USD is slowly moving into the bullish zone, with a few bullish signs. 4-hours RSI - The RSI for ETH/USD is now placed nicely above the 30 level. Major Support Level - $117 Major Resistance Level - $128 The post Ethereum Price Weekly Analysis: ETH Facing Uphill Task Near $128 appeared first on NewsBTC.

2 days ago

Bitcoin’s Improving Fundamentals Indicate a New Bull Market is in the Making, Weiss Ratings

Martin D. Weiss of Weiss Ratings says Bitcoin shares resemblance with Gold and with gold already bottomed and on its new bull cycle, Bitcoin is not far behind with its fundamentals strong. Meanwhile, he also talks about the upcoming bears in the stock market and if it will affect the “risk-on asset” crypto as well. Bitcoin Shares Similarities with Gold In its newest blog, Weiss Ratings’ Martin D. Weiss talks about Bitcoin bull market in the making and its resemblance with Gold. Weiss talks about how Bitcoin’s primary use case is becoming a store of value that has earned it the title of “digital gold” and “gold 2.0.” “Like gold, Bitcoin and other cryptocurrencies could become a haven for investors who flee from fiat currency devaluations. In fact, in one key aspect, it may be even better than gold: It cannot be confiscated by any government.” Over the years, Bitcoin market movement shares resemblance to gold as at major highs, both make sharp U-turns called “pinpoint tops” and at major lows, both form long bottoming patterns called “rounded bottoms.” Talking about gold hitting its bottom in August of last year, Weiss says gold is currently in a new 3-year cycle with its upswing in early stages. Gold is further expected to make new five year highs by surging through $1,400-per-ounce zone that means a new peak could be in order. “Bitcoin is not far behind. The charts tell us it’s currently still in a bear market, but improving fundamentals tell us a new bull market is in the making” First, while the market is falling, more advanced and newer cryptos like EOS and TRON have enjoyed a surge in usage. Another point presented is altcoins with a large market cap like Ethereum and XRP have “shown signs of escaping the bear” and halt its decline. The important point according to Weiss is that “Distributed Ledger Technology continues to advance by leaps and bounds.” But Stock Market Bears are Coming, Will Crypto Drop More With bear signalling an incoming for US stock market that could begin to decline in April, will it affect the cryptos as well? For the starters, history gives us no context as S&P 500 has been in its nine-year-long bull market right from the day Bitcoin began trading. “Whether looking at the daily, weekly or monthly fluctuations, there’s virtually zero statistical correlation between stocks and crypto.” However, the biggest concern is Cryptos are a risk-on asset like stocks and speculative real estate. So, will investors rush to sell anything they associate with risk such as cryptos if their stock portfolios sink in a bear market? The answer Weiss says is “Sure” and it could put downward pressure on crypto prices. However, he says, “We can’t imagine too many investors waking up one morning and saying: “Oops! Big losses in my stocks! I’ll sell my crypto to raise the cash.” And we doubt this factor will be the primary driver of Bitcoin prices.” He concludes by advising not to let bear market in stock distract you from crypto investment and until, “Bitcoin signals its own bear market is over, prudence dictates caution.” The post Bitcoin’s Improving Fundamentals Indicate a New Bull Market is in the Making, Weiss Ratings appeared first on Coingape.

2 days ago

Ripple vs Bitcoin: BTC’s Price Outperforms XRP Over Past 7 Days

Bitcoin Price Analysis: Bitcoin (BTC) Daily Chart Bitcoin has once again proven itself to hold its value the strongest among the top three cryptocurrencies in questionable market conditions. Bitcoin has outperformed both Ripple and Ethereum - the second and third-ranked cryptocurrencies by market cap - over the past seven days. 7-day performance of top 3 cryptocurrencies (BTC, XRP, and ETH) Data from Messari shows that Bitcoin increased 2.28% over the past seven days while XRP is up 0.20% and Ethereum has lost 1.12%. Bitcoin has also managed to overcome a major resistance level despite ethereum and XRP falling back from resistance levels. Bitcoin (BTC) 4-Hour Chart Price tested $3684 a number of times during the week but recent price action as seen on the above 4-hour brought price above this level. Short-term momentum has started shifting to the buyers with both the RSI and MACD increasing on the 4-hour chart - both used as gauges of buyer or seller momentum. Analysts have a more bullish outlook from this point. The next resistance level to monitor is around $3840 which was a point of resistance in past trading and also the level where price had a breakout to the upside on the 6th of January. XRP Price Analysis: XRP Daily Chart XRP broke down from a descending triangle pattern last week which is a bearish trend continuation pattern. Once price broke down, it continued to decrease below an expected support level at $0.335. The price action of XRP looked bullish early in the week with price testing $0.335 a number of times with $0.335 acting as resistance. Numerous tests of a level make the level weaker with progressively fewer sellers to hold the resistance level on each test. XRP 4-Hour Chart After a number of tests early in the week, the price action of XRP started to form more bearish patterns. Lower highs were forming with each price increase looking weaker. Recent trading has started looking more bullish. The price of XRP has started to increase along with Bitcoin. But while Bitcoin managed to overcome its resistance level at $3684, XRP failed to overcome $0.335 and has since started trading away from this level. If the bullish movements that many analysts anticipate for Bitcoin take place in near term trading with BTC moving up to test $3684, this is likely to push XRP to also rise with the market. However, if Bitcoin begins to consolidate above the $3864 resistance level it just overcame, it is highly possible XRP could begin trading further away from the $0.335 level and begin to approach last weeks low at $0.31. Key Takeaways: Bitcoin has outperformed Ethereum and XRP over the last seven days. Bitcoin has increased above the resistance level at $3684. The next level to monitor is around $3840 which was the point of a breakout in price on the 6th of January. XRP broke below a descending triangle pattern last week and dropped below the $0.335 level. XRP price tested $0.335 a number of times early in the week but began forming more bearish patterns with lower highs forming. XRP also increased at the same time as bitcoin but failed to overcome $0.335 and has since started trading away from it. The price may move to last weeks low at $0.31 if the price of Bitcoin does not continue to increase. Ripple vs Bitcoin: BTC’s Price Outperforms XRP Over Past 7 Days was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2 days ago

Top 10 Crypto Exchanges Represent More Than 60% Of Spot Market Volume - CyptoCompare Research

Cryptocurrency exchanges are a very important element of the cryptocurrency industry as they not only facilitate the sale and purchase of crypto assets but also provide critical insights on how the industry is moving forward. While there are hundreds of exchanges across the globe providing various functionalities and products, CryptoCompare’s recent report gives a consolidated account on how these exchanges are playing out. Kraken, Bitfinex, and Bitstamp continue to remain the most stable exchanges As part of its monthly exercise, CyptoCompare, recently released its report on Cryptocurrency Exchange for the month of December 2018 with an aim to review and capture the key developments within the cryptocurrency exchange market. The research conducted, tried to focus on analyses that related to exchange volumes, and included an overview of current exchange market concentration, an analysis of the highest volume producing jurisdictions, as well as market segmentation by exchange fee model. The findings of their report provided some great conclusion which could play a huge part in shaping the future of cryptocurrencies. According to the report, the market for cryptocurrencies exchanges is fairly concentrated and nearly 60% of the spot market volumes come from these top 10 exchanges. Geographically, most of these volumes come from Malta, the small island nation that is home to some of the great exchanges such as Binance and OKEx. Malta is followed by Hong Kong and Samoa which drive the global crypto volumes. The report interestingly finds out that, in recent months, the monthly trading volume from Malta has fallen by 9% while from there has been a rise of 2% and 3% from Hong Kong and Samoa respectively. Exchanges that offered fiat pairs represented only 25% of spot volume in December 2018 while 57% of all the fiat trading was done in USD. With respect to future trading, the exchange mentioned that “The proportion of futures trading volume increased from 22% in November to 28% in December. BitMex XBT perpetual futures volumes increased 17.7% in December while XBTUSD futures of CME and CBOE decreased 45.5% and 48.0% respectively since November. Regulated exchanges (CME and CBOE) represented only 2.88% of the total crypto futures market in December.” The report also gave an insight about stablecoins which stated that Tether (USDT) continues to represent the majority of Bitcoin trading into fiat or stable coins at 65% of the total monthly volume in December. Among the rankings, the top three exchanges that held the Top exchange volumes were, Binance followed by OKEX and ZB. Amongst Trans-fee Mining Exchanges CoinBene was the largest TFM exchange in December followed by ZBG and EXX. Bitfinex, Kraken, and Bitstamp maintained the most stable markets in December while exchanges CoinBene, Bitforex, IDAX continued their tabletop positions for DEX’s by volume. Among other parameters Ethermium, WavesDEX and IDEX occupied the top spot to provide most volumes by a DEX. The analysis and result provided by CryptoCompare’s research bring out some exciting facts which may be critical in shaping the future of the crypto industry. Will Centralized exchanges continue to rule the roast or will DEX’s soon take over? Do let us know your views on the same. The post Top 10 Crypto Exchanges Represent More Than 60% Of Spot Market Volume - CyptoCompare Research appeared first on Coingape.

2 days ago

Markets Update: Cryptocurrencies Follow Bullish Piercing Pattern as Buyers Advance

Digital currency markets have seen some gains during the early morning trading sessions on Saturday. Since our last markets update, the entire cryptocurrency economy has gained $4 billion and a slew of the top digital assets are up between 2-6% over the last 24 hours. Also read: Openbazaar’s New Social Media Platform Aims to Foster Privacy Top Markets Gain More Than 5% in Minutes For at least a week, most cryptocurrencies have been consolidating in value and shown very little signs of volatility. On Friday, Jan. 18, prices kicked up a notch as cryptocurrency bulls attempted to break resistance levels throughout most of the day. Finally, during the early morning hours on Saturday, buyers managed to surpass certain resistance levels, which produced gains for most of the top digital assets. The cryptocurrency economy of 2,000+ coins saw an increase of $4 billion in a matter of minutes on Saturday, Jan. 19, 2019. At the moment bitcoin core (BTC) is trading for $3,745 per coin and has an overall market valuation of about $65.5 billion. BTC is up 2.5% for the day and 2.2% over the last seven days. The second largest market cap still belongs to ripple (XRP) and each token is swapping for $0.33 per unit. Ripple markets are up today by 1.8% and are up for the week at 0.31% at the time of publication. Ethereum (ETH) markets still hold the third highest market valuation and ETH is trading for $125 per coin. ETH markets are up today by 2.4% but over the last week prices are down 1.4%. The last coin in the top five is eos (EOS), which is up 2.1% today and 3.2% for the week. EOS is trading for $2.51 per coin and markets have seen $736 million traded in the last 24 hours. The top 10 digital assets this weekend. Jan. 19, 2019. Bitcoin Cash (BCH) Market Action Moving on to bitcoin cash (BCH) markets, data shows BCH is up today by 1.78% with each coin trading for $131. However, markets are down over the course of the week as BCH has seen a loss of 3% for the last seven days. The top five exchanges trading the most bitcoin cash today are Lbank, Hitbtc, Binance, Huobi Pro, and Digifinex. Ethereum is still dominating the currency pairs against BCH this weekend as the coin captures 48% of BCH trades. This is followed by USDT (22.8%), BTC (22.1%), USD (4.3%), and JPY (1.1%). Both the KRW and EUR have dipped this Saturday in regard to the spread of dominating BCH pairs. Bitcoin cash is the ninth most traded cryptocurrency this weekend just below QTUM markets and above the stablecoin GUSD. Bitcoin Cash (BCH) seven-day chart. BCH/USD Technical Indicators Looking at the four-hour BCH/USD chart on Bitstamp shows BCH bulls have made slight progress during the Saturday morning trading sessions. The two Simple Moving Averages (SMA) still indicate the path toward the least resistance is the downside as the 200 SMA is still above the short term 100 SMA trendline. RSI and Stochastic are coming closer to overbought regions but are still meandering in the middle which indicates some indecisiveness among traders. Bitcoin Cash (BCH) 4-hour chart, Bitstamp. Jan. 19, 2019. MACd shows in the short term prices could drop again slightly, but it also indicates the duration of today’s movements looks strong. The MACd’s short term trendline is above the long term moving average which suggests short-term momentum will increase. Gradually increasing trade volume also indicates some short term winds have started blowing northbound. Looking at BCH order books, upward movement will be stalled up until the $150 range and there’s some smoother seas beyond that price zone. On the back side there’s some good foundational support up until $115 per BCH but from that vantage point things look much weaker. Bitcoin Cash (BCH) 4-hour chart, Bitstamp. Jan. 19, 2019. Bollinger Bands remain tight. The Verdict: Bulls Must Break Further Resistance to Maintain Positive Divergence As traders can see, there’s been many signals that show increasing upward momentum but also signs of continued bearish sentiment as well. Some of the reversal signals two weeks ago and now today indicate that buyers have overcame prior selling pressure in the short term. Traders still seem uncertain of how the markets will perform in 2019 and have been playing positions very delicately over the past two weeks. Some of the signs that bulls may continue to push crypto prices northbound is the charts’ previous reaction to lows which can also be identified with the moving averages on the four-hour, daily, and weekly charts. Even though the RSI and Stoch-RSI show there may be a slight correction, positive divergences shown on the four-hour MACd would indicate improving momentum. Range-bound activity shows we may not approach the lows seen back in November and mid-December but there has been signs of buyers showing exhaustion. Bitcoin core (BTC) prices have managed to stay above the $3,500 zone which in turn has kept the rest of the correlated digital assets afloat. Earlier this week the publishe

2 days ago

Bitcoin: After Breaking Above $3,700 It Could Soon Surge Towards $4,100, Says Analyst

After a several day period with little volatility in the cryptocurrency markets, Bitcoin has now surged above $3,700, which proved to be a level of resistance over the past week. Today’s price surge, despite being relatively small, could be significant in leading Bitcoin’s price back towards $4,100. One analyst also believes that Bitcoin’s latest price move could prove to be positive for the altcoin markets. Bitcoin Surges Towards $3,800 At the time of writing, Bitcoin is trading up 2.6% at its current price of $3,750. Since last Monday, Bitcoin has been stuck below the $3,700 region, which quickly became a level of relative resistance for the cryptocurrency. Yesterday, Luke Martin, a popular cryptocurrency analyst, noted that he thinks that Bitcoin was stuck below a trading range between approximately $3,700 and $4,100, which would mean a break above the former price could lead to surge towards the latter price in the low-$4,000 region. He also noted that a break above $3,700 could prove positive for the altcoin markets. “$BTC battling to reclaim the range all week. If price can get back above 3700 I’m more excited about alt positive momentum continuing,” Martin said in a tweet. Today, after Bitcoin broke above $3,700, Martin followed up on this tweet, noting that he still agrees with the conditions mentioned in the first tweet, and that he still believes the range extends upwards of $4,000. “$BTC breakout past 3630 level and the 3700 swing high resistance all week. Same thought as first chart and now the condition looks like it will met [sic]. I’ve loved mid-cap alt exposure this week for the first time in a while. Bitcoin moving higher means that window still there imo,” he said. Analysts Have Conflicting Opinions on Current Trading Ranges Although Martin believes Bitcoin is currently caught in a micro trading range between $3,700 and $4,100, other prominent analysts have offered somewhat different views. Earlier this month, Mati Greenspan, the senior market analyst at eToro, said that he believes Bitcoin is currently caught in a range between $3,550 and $4,200, which, if this range is valid, somewhat negates the importance of $3,700. “It seems now, that bitcoin has opened a new mini-range within that from $3,550 to approximately $4,200... unless there’s a breakout of the key levels there really isn’t much to write home about,” he said. How the markets fare over the weekend will likely set the tone for the following week. Featured image from Shutterstock. The post Bitcoin: After Breaking Above $3,700 It Could Soon Surge Towards $4,100, Says Analyst appeared first on NewsBTC.

2 days ago

Will Regulation Make ICO Marketing Easier?

CoinSpeaker Will Regulation Make ICO Marketing Easier? “Private investments are happening more than the public rounds” - KEY A panel of experts was asked about their perspectives on current events affecting the ICO and crypto market. One of the concerns brought up is about the “current winter” and if there is going to be a “spring soon”, referring to the frozen crypto market. Could increasing government regulations overturn public sentiments from lack of engagement (winter) to more of brisk activity (spring)? The question was passed on to me. I would say that the regulations are very specific to different regions in the crypto space. We’re not doing an ICO in the country we are in, most of the time. We are doing it elsewhere. With that complication, we use the best information available with us, which is usually hard to interpret, and even after you do it all, it keeps changing. From the ICO’s standpoint, regulation is not helping unless it’s done really well and marketed well. Let’s look at what is happening in Malta, which I admire. The government is out there saying they are going to help and this is how they are going to do it. Unless there is an explicit clarity in the form of help extended, it does not really benefit people nor attract ICOs. At at the same time, if you look at other countries, there are emerging markets, particularly, in various Asian markets where a lot of progress is happening, not in their governments, but from a business standpoint, for launching ICOs. As people see that more and more projects are coming out and people are raising funds, even in bear markets, there is still hope and belief that all will be coming back again. Investors are popping out everywhere which is one of the reasons why the private investments are happening more than the public rounds. When we conduct roadshows in countries like India or Russia, we are able to tap an audience who are not connected online as much as we are. We are very much in the crypto space, we know the terms and know where to go for information and participate. But the investors are not necessarily of the same type, some do not speak English and we need to speak to them in their regional languages, which is the biggest challenge. If you are looking at the language barrier, it is going to be multifold when we discuss the legal terms, regulatory frameworks, and a lot of daily changes that need catching up. The ICO and crypto market are growing, opportunities are increasing, and investors are joining in on a daily basis. Regulation means people are being cautious, but the number of investors are increasing and with that, regulatory questions are going to receive answers much sooner. Will Regulation Make ICO Marketing Easier?

2 days ago

Wyoming’s New Bill Seeks to Bring Order into the World of Crypto

The world of cryptocurrencies faces many challenges. They include price volatility as well as low mainstream uptake. Cryptos are also susceptible to a 51 percent attack as was seen recently with Ethereum Classic. However, the biggest challenge remains to be the ambiguous and vague regulatory framework governing the industry. Wyoming has set out to solve this challenge with its latest digital assets bill. The bill classifies digital assets into three categories, the first of which is digital consumer assets. The second is digital securities which entitle an investor to part ownership of an enterprise. The third is virtual currency, a category into which most cryptos aim to be included in. Virtual currencies are digital tokens that are used for the purposes of transactions and according to the bill, they shall be considered as money. We’ve known that digital assets fall into these three categories for years. However, what makes this bill very significant is that it will give cryptos legal recognition. This is something the crypto universe has been begging for. If passed into law, the bill will give crypto businesses including exchanges and lending firms the freedom to operate freely in the state. Caitlin Long, a former Wall Street veteran who served at Morgan Stanley, has been one of the key people behind the bill. Long is a long-standing member of the Wyoming Blockchain Association. The organization has been working with the state government to introduce crypto and blockchain regulations. It lists some highly influential people as advisors including Patrick Byrne, the CEO of Overstock and David Miller, a top executive at Ernst and Young. Long posted a long info-packed Twitter thread, explaining what the bill could mean for the state as well as the crypto industry. 19/ So, if you must use a custodian, use a #Wyoming custodian-nowhere else will your property rights in digital assets be better protected. STAY AWAY from NY especially, bc NY permits #rehypothecation & allows failures to deliver. WY protects investor rights better than NY does! — Caitlin Long (@CaitlinLong_) January 18, 2019 Custodial Haven The bill also seeks to bring clarity to an area that has been an Achilles Heel for institutional investors: crypto custody. Under the current regulatory framework, crypto custody is offered by startups such as BitGo and Coinbase. Fidelity Investments and Bakkt have been some of the institutional-grade entrants, but not much has come of these efforts. Not anymore. The bill authorizes banks to offer custodial services. A bank may provide custodial services for digital assets consistent with this section upon providing sixty (60) days written notice to the commissioner. For a bank to qualify as a crypto custodian, it must fulfill a number of obligations. The first of these is adhering to federal custodial rules such as accounting and internal control standards. The bank must also comply with the set federal anti-money laundering requirements as well as know-your-customer rules. While commercial banks don’t have the best history with cryptos, they are still a big and important inclusion. For one, this will attract more institutional investors who will feel more at peace with banks than with young startups. Further, this will be a big consideration by the SEC as it considers how best to regulate the industry. The post Wyoming’s New Bill Seeks to Bring Order into the World of Crypto appeared first on NullTX.

2 days ago

UAE and Saudi Arabia Reveal Seven Point Collaboration Plan Including a Common Cryptocurrency

Saudi Arabia and the UAE have revealed a seven-point collaboration plan which includes the creation of a new cryptocurrency. The Saudi-Emirati crypto pilot is targeted for financial institutions at an experimental phase. The pilot seeks to explore blockchain technology implications and to aid cross border transactions, according to a local news outlet. Other agreements between the two states include a joint supply chain in time of disasters, civil aviation common market, and the fast-tracking of customs for key companies among others. The deal was made today at Abu Dhabi during the Saudi-Emirati Coordination Council Executive Committee meeting. (KE)

2 days ago


News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme
1