Stellar XLM

$0.2315
Market Cap $ 4.382 Bn (#5)
24h Volume $ 111.518 MM
Chg. 24h: -8.78%
Algo. score 4.1/5  (#37)
Show Quick Stats

Stellar News

Crypto Markets Continue To Toss And Turn: XRP and Ethereum (ETH) In Standoff

Crypto Still On Shaky Ground As reported by Ethereum World News on Wednesday, straight out of left field, Bitcoin (BTC) and its altcoin brethren tumbled, losing upwards of a dozen percent of their values in a few hours time. Within hours, the volume seen on BTC pairs reached multi-month highs, with charts expressing how quickly crypto assets blew through their levels of “support,” contributing to a rapidly growing sense of panic within the cryptosphere. More specifically, while many analysts have claimed that $5,800 is an integral level for BTC, “digital gold” fell from $6,400 to $5,600. Although the asset has since slowed, finding a floor at $5,700, the altcoin subset of digital assets has continued to collapse, with Bitcoin Cash (BCH) falling by 20%, while Stellar Lumens (XLM), EOS, Litecoin (LTC), XRP, and Ether, fell by 10-15%. Some have chalked up the strong move to the downside to Bitcoin’s lack of volatility, fundamental factors, a rumored institutional sell-off, Bitcoin Cash’s looming hard fork, along with a variety of other factors. The bottom line is that some remain divided on crypto’s sudden move. Aiming to bring clarity to this odd bout of market movement, Crypto Compare’s chief executive, Charlie Hayter, told Reuters: The market had been entering a wedge, with the volatility so low... What you are seeing low is a breakout on the downside. Sometimes when things happen, it takes a while for the true reason to become clear - an exchange trade or regulatory action. Barry Silbert, the founder and showrunner at Digital Currency Group, the firm behind CoinDesk, Grayscale Investments, and others, simply called this recent rut a bout of “capitulation.” Capitulation — Barry Silbert (@barrysilbert) November 14, 2018 While some cynics see “capitulation” as the perpetuation of bear markets, many of this industry’s leading researchers have claimed that such sell-offs could signal that bitcoin has bottomed. Still, it isn’t cut and dried. More specifically, optimists have claimed that for a recovery to occur, BTC will need to embark on a strong short-term rebound, pushing past $6,400 convincingly before establishing itself above higher levels of resistance. At the time, the cryptocurrency market has yet to show signs of returning to stable levels, but many are hoping for optimal results. XRP And Ethereum (ETH) Continue Tussle Per previous reports from Ethereum World News, Ripple’s XRP temporarily overtook Ether as the crypto industry’s second-most valuable crypto for a short period. However, since our original report, the two assets, which have both been at the forefront of crypto for years on end, have tossed and turned. Ether briefly overtook XRP on Wednesday night, but since its brief relative resurgence, the former has abdicated its spot to Ripple’s go-to asset. At the time of writing, XRP’s market capitalization is a mere 0.79% above that of Ethereum, making it likely that these standings could change on a dime. Crypto Bobby, commenting on this tussle, joked on Twitter: #XRPthestandard back to it’s rightful position pic.twitter.com/cXStUU7Y2W — Crypto Bobby (@crypto_bobby) November 15, 2018 Last time crypto assets fell sharply, XRP temporarily ousted Ether, but eventually fell to the wayside, as the native digital asset of the Ethereum Network eventually reclaimed its spot as the second most valuable cryptocurrency. This time, however, some XRP proponents are convinced that their favorite “crypto asset” will remain at the right hand of Bitcoin. But then again, there are a number of investors who would beg to differ. Title Image Courtesy of Zoltan Tasi on Unsplash The post Crypto Markets Continue To Toss And Turn: XRP and Ethereum (ETH) In Standoff appeared first on Ethereum World News.

an hour ago

Crypto Price Watch: Bitcoin (BTC) Plummets to Annual Low While Other Top Altcoins Also Face Market Heat

The past 24 hours have been rollercoaster of sorts for the crypto market, with the price of the world’s premier digital currency, Bitcoin, dropping by more than 10% late Wednesday afternoon. As a consequence of this, BTC was seen stooping to its 2017 low of $5,312 before gradually recovering (a little) and settling around the 5,742 mark (at press time). It is also worth noting that this fresh plunge comes right after it seemed as though Bitcoin had finally found some long-term market stability, with the digital asset even experiencing its lowest levels of monetary flux in nearly 16 months. After touching a mammoth price point of $20,000 late last year, many experts had predicted that Bitcoin would rise to over $50,000 by the end of 2018. However, as things stand, it appears as though matters are only going to get worse for the alt-coin sector moving forward. Ethereum (ETH) and Other Top Cryptos Also See Red In wake of this latest bear attack, we can see that both XRP and Ethereum are now once again looking to fight for the second spot in terms of overall market capitalization— with Ethereum’s market cap currently pegged around the $18.5 Bln threshold while XRP’s cap lays close to $18.2B. It is also worth noting that since yesterday afternoon, Ether and XRP have lost more than 13%, 10% of their respective values. Some of the other major casualties of this ongoing slump include: Bitcoin Cash (BCH): -18.40% Stellar (XLM): -10.30% EOS: -11.93% Litecoin (LTC): -13.29% Cardano (ADA): -14.64% Monero (XMR): -13.42% Lastly, it is worth mentioning that out of all the top 10 altcoins in the market, Tether (USDT) has been the only currency to stay in the green as well as witness a small gain in its intrinsic value (+0.04%). What’s Causing This Mayhem? While no one reason can be directly attributed to this present market freefall, it is being said that the ongoing ‘crypto civil war’ taking place between the backers of Bitcoin ABC and Bitcoin SV seems to be having an overall negative effect on the alt-asset investment community at large. For those not aware of the ongoing Bitcoin Cash saga, the premier currency is all set to undergo a hard fork— something that has left the BCH community divided, to say the least. Final Take While many had expected to see Ether’s value drop in the coming few days (since it was reported that a whale had recently shipped around 45,000 ETH tokens to a Binance wallet yesterday), this latest plunge has been confounding to say the least. All we can do now is to hope for the best and see how the coming few days and weeks play out for the alt-asset market. The post Crypto Price Watch: Bitcoin (BTC) Plummets to Annual Low While Other Top Altcoins Also Face Market Heat appeared first on NullTX.

an hour ago

Bitcoin Price Analysis: BTC/USD Must Dump before Bulls Reign in 2019

The Bitcoin FUD It’s a capitulation. It’s the end of Bitcoin. It’s a Bitcoin Sell-off. And it’s true; a typical Bitcoin investor is bleeding right now. But a critical look at price action and historical price movement paints a rosy picture: Prices will most likely recovery and print higher in the next few months. Hello, yes, SEC? Yeah hi, I put all my money in this bitcoin game and I'm not having fun anymore... I'd like to process a refund? I think the man's name is Satooshi Nakomoku? Yes, I'll hold... pic.twitter.com/0yx7O8VtmJ — SHILLGATES [THIS IS MY NEW ACCOUNT] (@StillShillGates) November 14, 2018 They often do and the bounce back stronger is usually stronger than before. The cryptocurrency market is after all a 10 year old space embodying the spirit of the Cypher-punks. Bitcoin and cryptocurrency represent freedom and freedom from government involvement and deliberate steps as money printing that cause hyperinflation read Venezuela and others. The value of freedom reflects in Bitcoin and as it has been the case, freedom is expensive and Bitcoin can’t be cheap. Interesting Read: Bitcoin Unspent Transaction Output Accumulation Could Signal Crypto’s Next Bull Run Price Cycles Bitcoin Annual Returns, 2011-2018... pic.twitter.com/gCnisy3jEC — Charlie Bilello (@charliebilello) November 14, 2018 Looking at historical prices it is clear that BTC has been on an uptrend and price movements seem to move in cycles. Three years after inception and limited adoption, BTC prices surged from 30 cents to $4.20 in an apparent Chinese pump that put Bitcoin on the spot. The following year—in 2012, prices expanded from $4.2 to $13.51 by close in a 186 percent gain repeating the same in 2013 when BTC raced from $13.51 to $758 in a 5507 percent gain. In these three years, average gains were 2,388 percent. Also Read: How Brian Armstrong, CEO of CoinBase, Became a Crypto Billionaire But, even at the back of these stellar gains, BTC/USD prices fell sharply to $320 by close of 2014. That’s a 58 percent drop thanks to Mt. Gox mayhem. However, this didn’t damp expectations and in the next three years—from 2015 to close of 2017 prices shot from $320 to $13,860. In these three years, average gains were exponential—adding 35 percent in the first year, 125 percent in the second year and the final boom of last year when BTC closed at $13,860 saw gains of 1,331 percent. Compared to 2014, 2018 Year to Date losses is at 59 percent. Bulls will Reign As you can see, yesterday’s meltdown is just part of a larger cyclical plan. Like Zhao Changpeng, it is likely that Bitcoin bulls will dominate next year. But, for prices to rally, then price dips are inevitable. It’s in progress and for our cyclic price movements to hold true, it is likely that BTC will rally next year, slow down in 2020 and explode to super new highs—perhaps to $250,000 by 2021. At least that’s what history is hinting off. All we need is a catalyst and a Bitcoin ETF is what the market needs. BTC/USD Price Analysis So exactly where do we expect to find loading zone? When we take a top-down approach, it is clear that we do have a bear break down pattern. BTC/USD prices are now trending below $5,800 and printing new 2018 lows. From the charts, there are two levels of interest, the 78.6 percent Fibonacci retracement level drawn from 2017 high lows at $4,500 and the next support level of $3,000. Like in our previous BTC/USD iterations, we said any break below $5,800 and bears should look to unload at spot with stops at $6,000 and first targets at $4,500. If losses are steep then $3,000 would test Bitcoin holders’ grit. From this, the $1,500 gap between these two important levels is where Bitcoin could spring back to $8,500 or higher. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post Bitcoin Price Analysis: BTC/USD Must Dump before Bulls Reign in 2019 appeared first on NewsBTC.

4 hours ago

Stellar Lumens [XLM/USD] Technical Analysis: Bulls rest while bears plan siege

Stellar Lumens is the only cryptocurrency that has been seeing a lot of volatility in the market, the prices have been varying in +/- 5% every other day. The current price of XLM is $0.2538, while the market cap is holding at $4.74 billion. The trading volume of XLM is $64.98 million while most of the XLM trade volume is coming from Binance which is contributing ~25% of the total trade volume. 1-hour Source: Trading View The one-hour chart is showing an uptrend that spans from $0.2659 to $0.2858, while the downtrend ranges from $0.2856 to $0.2547. The previous supports have been broken and a new support is set up at $0.2531. The resistance points are at $0.2597, $0.2750 and $0.2858. The Bollinger Bands are in an expansion state, indicating a period of high volatility. The price candles are below the simple moving average, indicating a bearish presence in the market. The Aroon indicator shows that the downtrend is dominating as it has hit the 100 line, while the Aroon up line has collapsed to the bottom. The MACD indicator shows a bearish crossover that has occurred, indicating a bearish presence. The MACD histogram shows the same with red bars developing above the zero line. 1-day Source: Trading View The uptrend is very small and it ranges from $0.2259 to $0.2542 while the downtrend ranges from $0.4582 to $0.2775. The immediate support is formed at $0.2227, which is followed by $0.2072 and $0.1768. The resistance points are holding steady, with the first resistance point set up at $0.2813. The subsequent resistances are set up at $0.3336 and $0.3693. The Parabolic SAR markers are forming below the price candles, indicating a bullish presence. The markers, however, are showing signs of reversal. The MACD indicator is showing a bullish presence as well. However, the lines look like they are about to have a bearish crossover. The Awesome Oscillator shows the spawning of red spikes above the zero line, which indicates that the short-term period is trending higher than the long-term period. Conclusion The one-hour chart, unlike the one-day chart, is showing a strong bearish trend as indicated by Bollinger Band, AO, and MACD. The one-day chart shows a weak but a bullish trend. The post Stellar Lumens [XLM/USD] Technical Analysis: Bulls rest while bears plan siege appeared first on AMBCrypto.

6 hours ago

Bitcoin Dips To Its Lowest Level This Year, Ether, XRP, EOS Shed 15 Percent

It’s been a bearish year for the cryptocurrency industry, but today marks a new low for the king of cryptos. Bitcoin shed over 12 percent to hit its lowest level since October last year, with other cryptos following suit. In what has been a day to forget for the industry, Ethereum, Ripple, Stellar and EOS all shed 15 percent in a few hours, with nearly all major cryptos seeing double-digit losses. With its hard fork slated for tomorrow, Bitcoin Cash wasn’t spared either and lost 20 percent, the largest loss in the top 20. A Market In Turmoil At press time, Bitcoin was trading at $5,540 having lost 12.8 percent in the past 24 hours according to CoinMarketCap. This was the aggregated price, with some markets noting even lower prices. One of these is BitMEX in which Bitcoin was trading at $5,300. It’s worth noting that BitMEX accounts for the highest percentage of Bitcoin daily trading volume and therefore has major influence on the overall price. Currently, it accounts for 35 percent of the volume, miles ahead of the second-placed OKEx which accounts for 2.9 percent. Bitcoin wasn’t doing well on Coinbase Pro either where it was trading at $5,340. Other markets in which Bitcoin was heavily battered include Tokyo, Japan-based Liquid, San Francisco-based Kraken and European exchange Bitstamp, all of which traded below $5,350. Interestingly, markets supporting the South Korean won experienced much higher prices, with Coinbit, Upbit, Bithumb and GDAC all registering upwards of $5,800. This is Bitcoin’s lowest price for the year and the first time it has traded below $5,500 since mid-October 2017. Back then, Bitcoin started quickly rising and just two months later, it achieved its record highs, just below $20,000, a trend many investors hope it will reprise. The sharp and unexpected decline comes after weeks of extremely low volatility, with Bitcoin at one point being less volatile than the U.S stocks. It also comes at a time when many have been predicting a bull run, including the renowned Binance CEO, Changpeng Zhao. CZ, as he is fondly known, stated recently that while he is not certain what will cause the bull run, he knows it’s about to happen. The reason for the sudden slump may not become clear immediately, the founder of analytics site CryptoCompare stated. Speaking to Reuters, Charlie Hayter stated: The market had been entering a wedge, with the volatility so low. What you are seeing low is a breakout on the downside. Sometimes when things happen, it takes a while for the true reason to become clear - an exchange trade or regulatory action. The other cryptos weren’t spared either. Ethereum shed 14 percent to trade at $177, an astonishing 87 percent drop from its January peak. The largest altcoin traded as low as $155 on some exchanges such as CoinZest, the lowest it has traded since May last year. XRP lost 10 percent, EOS lost 12 percent, Litecoin 14 percent and Stellar 13 percent. Bitcoin Cash was the biggest loser in the top 20 at 20 percent, trading at $436 at press time. This represents a 30 percent decline from its price after the short rally experienced a week ago. It could get worse for BCH as its hard fork is set to go down tomorrow. The post Bitcoin Dips To Its Lowest Level This Year, Ether, XRP, EOS Shed 15 Percent appeared first on NullTX.

8 hours ago

Bitcoin Dips To Its Lowest Level This Year, Ether, XRP EOS Shed 15 Percent

It’s been a bearish year for the cryptocurrency industry, but today marks a new low for the king of cryptos. Bitcoin shed over 12 percent to hit its lowest level since October last year, with other cryptos following suit. In what has been a day to forget for the industry, Ethereum, Ripple, Stellar and EOS all shed 15 percent in a few hours, with nearly all major cryptos seeing double-digit losses. With its hard fork slated for tomorrow, Bitcoin Cash wasn’t spared either and lost 20 percent, the largest loss in the top 20. A Market In Turmoil At press time, Bitcoin was trading at $5,540 having lost 12.8 percent in the past 24 hours according to CoinMarketCap. This was the aggregated price, with some markets noting even lower prices. One of these is BitMEX in which Bitcoin was trading at $5,300. It’s worth noting that BitMEX accounts for the highest percentage of Bitcoin daily trading volume and therefore has major influence on the overall price. Currently, it accounts for 35 percent of the volume, miles ahead of the second-placed OKEx which accounts for 2.9 percent. Bitcoin wasn’t doing well on Coinbase Pro either where it was trading at $5,340. Other markets in which Bitcoin was heavily battered include Tokyo, Japan-based Liquid, San Francisco-based Kraken and European exchange Bitstamp, all of which traded below $5,350. Interestingly, markets supporting the South Korean won experienced much higher prices, with Coinbit, Upbit, Bithumb and GDAC all registering upwards of $5,800. This is Bitcoin’s lowest price for the year and the first time it has traded below $5,500 since mid-October 2017. Back then, Bitcoin started quickly rising and just two months later, it achieved its record highs, just below $20,000, a trend many investors hope it will reprise. The sharp and unexpected decline comes after weeks of extremely low volatility, with Bitcoin at one point being less volatile than the U.S stocks. It also comes at a time when many have been predicting a bull run, including the renowned Binance CEO, Changpeng Zhao. CZ, as he is fondly known, stated recently that while he is not certain what will cause the bull run, he knows it’s about to happen. The reason for the sudden slump may not become clear immediately, the founder of analytics site CryptoCompare stated. Speaking to Reuters, Charlie Hayter stated: The market had been entering a wedge, with the volatility so low. What you are seeing low is a breakout on the downside. Sometimes when things happen, it takes a while for the true reason to become clear - an exchange trade or regulatory action. The other cryptos weren’t spared either. Ethereum shed 14 percent to trade at $177, an astonishing 87 percent drop from its January peak. The largest altcoin traded as low as $155 on some exchanges such as CoinZest, the lowest it has traded since May last year. XRP lost 10 percent, EOS lost 12 percent, Litecoin 14 percent and Stellar 13 percent. Bitcoin Cash was the biggest loser in the top 20 at 20 percent, trading at $436 at press time. This represents a 30 percent decline from its price after the short rally experienced a week ago. It could get worse for BCH as its hard fork is set to go down tomorrow. The post Bitcoin Dips To Its Lowest Level This Year, Ether, XRP EOS Shed 15 Percent appeared first on NullTX.

8 hours ago

Bitcoin (BTC) Crash! Price Plummets to One-Year Low as Cryptocurrency Market Sees Red

Bitcoin (BTC) fell by more than 11 percent on Wednesday to reach its lowest level since October 2017. This sudden fall comes after months of contracting volatility leading to a prolonged period of sideways trading and stability. Presently, numerous theories are circulating as to why the top-ranked cryptocurrency has taken such a nosedive. Bitcoin “Death Candle” Looking at the chart below, one can easily make out the massive “death candle” that took the price of Bitcoin all the way down to $5,600. This is the second time that the top-ranked cryptocurrency has fallen below the psychological $6,000 price mark. BTC is now at its lowest point in over a year. The price crash began with a minor drop that occurred in the late morning period (UTC). However, by mid-afternoon, BTC took a massive slide in a few hours to fall well below the $6,000 mark. Presently, there isn’t any consensus as to the reason for the sudden price crash. However, there are some theories as to what might be responsible for the fall. These include whale manipulation, bear market breakout, and pressure from the upcoming Bitcoin Cash hard fork. Speaking to Reuters about the price drop, Cryptocompare chief, Charlie Hayter, said: The market had been entering a wedge, with the volatility so low. What you are seeing low is a breakout on the downside. Sometimes when things happen, it takes a while for the true reason to become clear - an exchange trade or regulatory action. Since Q2 2018, BTC maintained a range-bound trading range. During this period, its volatility fell to the lowest level in more than two years. However, despite this stability, many technical indicators pointed to the emergence of an imminent breakout, albeit without stating in which direction. Given Wednesday’s event, it is apparent that the breakout is a bearish one which plays into the forecasts provided by BitMEX’s Arthur Hayes. Earlier in the year, the BitMEX CEO predicted that the top-ranked cryptocurrency would test $5,000 before the end of the year. Altcoin Market Plunges Apart from BTC, the altcoin market is also experiencing similar colossal dumps. All top-ten altcoins are presently in the red as massive selloffs dominate the market. As at press time, Ethereum, the second-ranked cryptocurrency by market capitalization is struggling to stay above $180, falling more than 14 percent. XRP is also another casualty of the market selloff, falling by more than 12 percent. Outside the top ten, the story is the same for the likes of DASH and IOTA both of which were enjoying stellar runs before the crash albeit unable to break their respective 50-EMA. Even recent highflyer Etheera (ETA) which recorded more than an 80,000 percent increase over the last fortnight is down by more than eight percent. Image courtesy Shutterstock, Tradingview, Coinmarketcap, and Coin360. The post Bitcoin (BTC) Crash! Price Plummets to One-Year Low as Cryptocurrency Market Sees Red appeared first on Ethereum World News.

9 hours ago

Bitcoin Crash! Price Plummets to One-Year Low as Cryptocurrency Market Sees Red

Bitcoin fell by more than 11 percent on Wednesday to reach its lowest level since October 2017. This sudden fall comes after months of contracting volatility leading to a prolonged period of sideways trading and stability. Presently, numerous theories are circulating as to why the top-ranked cryptocurrency has taken such a nosedive. Bitcoin “Death Candle” Looking at the chart below, one can easily make out the massive “death candle” that took the price of Bitcoin all the way down to $5,600. This is the second time that the top-ranked cryptocurrency has fallen below the psychological $6,000 price mark. BTC is now at its lowest point on over a year. The price crash began with a minor drop that occurred in the late morning period (UTC). However, by mid-afternoon, BTC took a massive slide in a few hours to fall well below the $6,000 mark. Presently, there isn’t any consensus as to the reason for the sudden price crash. However, there are some theories as to what might be responsible for the fall. These include whale manipulation, bear market breakout, and pressure from the upcoming Bitcoin Cash hard fork. Speaking to Reuters about the price drop, Cryptocompare chief, Charlie Hayter, said: The market had been entering a wedge, with the volatility so low. What you are seeing low is a breakout on the downside. Sometimes when things happen, it takes a while for the true reason to become clear - an exchange trade or regulatory action. Since Q2 2018, BTC maintained a range-bound trading range. During this period, its volatility fell to the lowest level in more than two years. However, despite this stability, many technical indicators pointed to the emergence of an imminent breakout, albeit without stating in which direction. Given Wednesday’s event, it is apparent that the breakout is a bearish one which plays into the forecasts provided by BitMEX’s Arthur Hayes. Earlier in the year, the BitMEX CEO predicted that the top-ranked cryptocurrency would test $5,000 before the end of the year. Altcoin Market Plunges Apart from BTC, the altcoin market is also experiencing similar colossal dumps. All top-ten altcoins are presently in the red as massive selloffs dominate the market. As at press time, Ethereum, the second-ranked cryptocurrency by market capitalization is struggling to stay above $180, falling more than 14 percent. XRP is also another casualty of the market selloff, falling by more than 12 percent. Outside the top ten, the story is the same for the likes of DASH and IOTA both of which were enjoying stellar runs before the crash albeit unable to break their respective 50-EMA. Even recent highflyer Etheera (ETA) which recorded more than an 80,000 percent increase over the last fortnight is down by more than eight percent. Image courtesy Shutterstock, Tradingview, Coinmarketcap, and Coin360. The post Bitcoin Crash! Price Plummets to One-Year Low as Cryptocurrency Market Sees Red appeared first on Ethereum World News.

9 hours ago

Queda Bitcoin: Menor preço do ano. Possíveis motivos

Por: Livecoins O Bitcoin caiu para o menor valor do ano nesta quarta-feira (14), rompendo o nível de suporte de US $ 6.000 e causando uma onda de vendas na moeda digital e outras criptomoedas no que tem sido uma queda prolongada no mercado que começou no início deste ano. A principal criptomoeda do mercado já perdeu 12% de valor e atualmente está sendo negociada por US $ 5480,09 de acordo com dados do Coinlib. Bitcoin em queda, 14/09. Imagem: Coinlib A queda do Bitcoin afetou outras criptomoedas. Ethereum, a segunda maior do mercado, caiu para o menor valor dos últimos dois meses: 15%, sendo negociada agora por US $ 172,41. Os principais ativos digitais do mercado como XRP, Stellar, EOS, Litecoin e Cardano estão acumulando baixas de 15% a 18%. O colapso das criptomoedas desta quarta-feira empurrou a capitalização de mercado para menos de US $ 176 bilhões pela primeira vez desde meados de setembro, de acordo com dados do coinlib. Principais criptomoedas em queda, 14/09. Imagem: Coinlib Motivos da queda do Bitcoin Alguns especialistas do mercado sugerem que o hard fork do Bitcoin Cash que acontecerá amanhã, ou, em termos menos técnicos, a divisão do bitcoin cash - outra criptomoeda baseada no bitcoin - em duas criptomoedas diferentes, é um dos motivos que causou a volatilidade. Especialistas do RadarBTC levantaram alguns dados que podem estar causando a queda do Bitcoin, entre elas, a Binance, maior corretora de criptomoedas do mundo ficar fora do ar para manutenção no início do dia, inflação de algumas altcoins e outros motivos. A equipe do RadarBTC ressaltou que “apontar um único motivo é irrelevante.” Análise Radar BTC. Imagem: Reprodução Radar BTC. Clique na imagem para ampliar Outros especialistas acreditam que a queda é motivada pelo vencimento de contratos futuros do Bitcoin que você pode ver aqui. No geral, a maioria dos analistas afirmam que as perspectivas para o bitcoin permanecem incertas, com previsões de longo prazo dependentes da moeda virtual se tornar uma reserva de valor confiável ou um mecanismo de pagamento viável. Aproximadamente US $ 34 bilhões foram eliminados da capitalização total de mercado das criptomoedas. O valor atual de US $176 bilhões é assustador para alguns, mas para outros é uma oportunidade de compra. Há sinais crescentes de maior participação institucional no bitcoin, como o aumento da demanda por um fundo negociado em corretoras e aumento do volume de contratos futuros de bitcoin, disseram analistas. Mas eles observaram que a participação real permanece baixa entre os investidores institucionais e de varejo. Não é primeira vez que o Bitcoin perde tanto valor em um único dia. Em 2014 a moeda perdeu 58% em valor de mercado mas se recuperou em 35% no ano seguinte e mais 1700% nos outros dois anos até 2017. É difícil prever o que vai acontecer de agora em diante, e é possível perceber um efeito de pânico nas pessoas que estão abandonando suas posições e vendendo bitcoin a preço de banana. Se por um lado é ruim, quem estava esperando uma baixa pra comprar está aproveitando e comprando Bitcoin em promoção. Blackfriday antecipado. Com informações da AFR , RadarBTC, CryptoNewsreviews e Nasdaq O artigo Queda Bitcoin: Menor preço do ano. Possíveis motivos apareceu primeiro em Livecoins.

9 hours ago

Bitcoin cai para o menor preço do ano. Possíveis motivos

Por: Livecoins O Bitcoin caiu para o menor valor do ano nesta quarta-feira (14), rompendo o nível de suporte de US $ 6.000 e causando uma onda de vendas na moeda digital e outras criptomoedas no que tem sido uma queda prolongada no mercado que começou no início deste ano. A principal criptomoeda do mercado já perdeu 12% de valor e atualmente está sendo negociada por US $ 5480,09 de acordo com dados da Coinlib. Bitcoin em queda, 14/09. Imagem: Coinlib A queda do Bitcoin afetou outras criptomoedas. Ethereum, a segunda maior do mercado, caiu para o menor valor dos últimos dois meses: 15%, sendo negociada agora por US $ 172,41. Os principais ativos digitais do mercado como XRP, Stellar, EOS, Litecoin e Cardano estão acumulando baixas de 15% a 18%. O colapso das criptomoedas desta quarta-feira empurrou a capitalização de mercado para menos de US $ 176 bilhões pela primeira vez desde meados de setembro, de acordo com dados do coinlib. Principais criptomoedas em queda, 14/09. Imagem: Coinlib Motivos da queda do Bitcoin Alguns especialistas do mercado sugerem que o hard fork do Bitcoin Cash que acontecerá amanhã, ou, em termos menos técnicos, a divisão do bitcoin cash - outra criptomoeda baseada no bitcoin - em duas criptomoedas diferentes, é um dos motivos que causou a volatilidade. Especialistas do RadarBTC levantaram alguns dados que podem estar causando a queda do Bitcoin, entre elas, a Binance, maior corretora de criptomoedas do mundo ficar fora do ar para manutenção no inicio do dia, inflação de algumas altcoins e outros motivos. A equipe do RadarBTC ressaltou que “apontar um único motivo é irrelevante.” Análise Radar BTC. Imagem: Reprodução Radar BTC. Clique na imagem para ampliar Outros especialistas acreditam que a queda é motivada pelo vencimento de contratos futuros do Bitcoin que você pode ver aqui. No geral, a maioria dos analistas afirmam que as perspectivas para o bitcoin permanecem incertas, com previsões de longo prazo dependentes da moeda virtual se tornar uma reserva de valor confiável ou um mecanismo de pagamento viável. Aproximadamente US $ 34 bilhões foram eliminados da capitalização total de mercado das criptomoedas. O valor atual de US $176 bilhões é assustador pra uns, mas pra outros é uma oportunidade de compra. Há sinais crescentes de maior participação institucional no bitcoin, como o aumento da demanda por um fundo negociado em corretoras e aumento do volume de contratos futuros de bitcoin, disseram analistas. Mas eles observaram que a participação real permanece baixa entre os investidores institucionais e de varejo. Não é primeira vez que o Bitcoin perde tanto valor em um único dia. Em 2014 a moeda perdeu 58% em valor de mercado mas se recuperou em 35% no ano seguinte e mais 1700% nos outros dois anos até 2017. É difícil prever o que vai acontecer de agora em diante, e é possível perceber um efeito de pânico nas pessoas que estão abandonando suas posições e vendendo bitcoin a preço de banana. Se por um lado é ruim, quem estava esperando uma baixa pra comprar está aproveitando e comprando Bitcoin em promoção. Blackfriday antecipado. Com informações da AFR , RadarBTC, CryptoNewsreviews e Nasdaq O artigo Bitcoin cai para o menor preço do ano. Possíveis motivos apareceu primeiro em Livecoins.

9 hours ago

Daily Cryptocurrency News - 14th November 2018

Here are the latest cryptocurrency news of 14th November 2018: Bitcoin Reach New Transaction Record For The Past 10 Months & Lighting Network Pass 4,000 Nodes The bear market is still here. However, this doesn’t stop Bitcoin being used more and more on a daily basis. The bitcoin network reached almost 500,000 transaction per day as a record in December 2017, during the bull run. Since then, the transactions per day were steady - mostly below 300,00.On 12th November 2018, the bitcoin network passed the 300,000 mark again. This is the first time the number of transactions exceed 300,000 since January 2018. The increase in transactions can be related to two things: Bitcoin is getting more and more users - The network is getting more and more users. The people that wanted to buy in 2017 but it was too expensive have the opportunity to buy again now. Or, they already bought and they’re testing the network to see what’s the big deal with this decentralized way of payments. The last bull run was a year ago - The latest bull run started in this period in 2017. This might lead a couple of investors that think the history might repeat itself. Moreover, even if the price had a decline over the past days - people are expecting a bullish December - like in 2017. While the transaction level went above 300,000 per day, the fees are relatively low. Yesterday, 18 BTC were paid to the miners for 300,000 transaction. Therefore, the average transaction cost $0.37 USD. For people that are sending $10 worth of BTC - these are not great news as the fees are about 3%. But for people that send bigger amounts, this is fairly good. In addition, the Lighting Network passed 4,000 nodes reaching to an all-time high capacity. On November 13th, the Lighting Network had a total of 4,026 nodes - with 2,910 public ones. The capacity of the mainnet network now reached a 112.5 BTC amount, a small decrease since Tuesday’s 118 BTC. Another interesting factor is the portrait of Hal Finney made of real USD. Someone ripped and glued the bills on a paiting and displayed it on the Paris Crypto art show in Septeber 2018 - called ” Who’s Satoshi?”. The payting was made by @pascalboyart. More details on Reddit Bitcoin.de Cryptocurrency Exchange Purchased 100% Stake in Investment Bank The group behind Bitcoin.de - Bitcoin Group SE - recently acquired 100% of the investment bank Tremmel Wertpapierhandelsbank GmbH. The news were reported by de.Cointelegraph.com on November 13th. Bitcoin Group SE decided to purchase the investment bank to use its banking license in order to increase the offerings for the Germany audience. They mainly plan to increase the ATMs for cryptocurrencies in Germany, as they declared: “issue its own cryptocurrency products, carry out proprietary trading in cryptocurrencies, and operate cryptocurrency ATMs is now available under the securities service provider’s banking license.” The price that Bitcoin Group SE paid was ”in the lower seven-digit euro range”, according to CoinTelegraph. These news can massively help the adoption of cryptocurrency in Germany - as the country recently got its first Bitcoin ATM in a Munich gambling hall. Ethereum Mining With GPUs - No Longer Profitable According to a post by CNBC, mining Ethereum is no longer profitable since 2018, November 1st. The analysis was made by Susquehanna which take into consideration the bear market and the decline in hashrate. Even if the profit in July 2017 reached a peak of $147 profit for GPU miners and the asset was trading around $175, right now its just not worth it. The second reason beside the drop in price is the decline of the Ethereum hasrate. A higher hashrate is better for miners, as the chance of computing the next block and earning ETH is increased. Image Source: CNBC According to the analysis, using Nvidia’s flagship GPU card is no longer profitable - as Nvidia stocks decrease in August due to the cryptocurrency bear market. The analysis also claims that the Nvidia’s crypto-derived revenue is decreasing by $100 million quarter by quarter and would soon be “close to zero” : “We estimate very little revenue from crypto-related GPU sales in the quarter, consistent with management’s prior commentary that they were including no contribution from crypto in their C3Q18 outlook.” The news are not so bad for Ethereum holders, as Vitalik is working to launch the Ethereum 2.0 which will work mostly on a proof-of-stake protocol. The good part is, a 51% attack on the Ethereum network is still pretty costly - as an attacker would need to spend $142,705 per hour to attack the network, according to Crypto51. Ripple’s Next Plans - Overtake the Swift Banking Network If it would have been about another cryptocurrency and not Ripple, we might have taken this as a joke. But, even if we’re talking about a non-mined centralized cryptocurrency that is working with financial institutions, we have to agree that Ripple’s use-case is among the best in the cryptocurrency industr

10 hours ago

Stellar Lumens (XLM) Daily Price Analysis

XLM/USD Medium-term Trend: Bearish Supply levels: $0.26, $0.27, $0.29 Demand level: $0.24, $0.23, $0.22 XLM is bearish on the 4-Hour chart. It was also bearish yesterday. The bears took over from the bulls on November 12 as the Bulls lost the pressure when it reached the high of $0.28 price level. The strong bearish candles formed, the broken down of former demand levels of $0.27, $0.26, and the broken of dynamic support and resistance (21-day and 50-day EMA) downside shows that the bears have taken over the market. Today, XLM is below 21-day EMA and the 50-day EMA, which confirm the bears’ pressure and the bearish movement is ongoing. In addition, the MACD with its histogram is below zero and its signal line pointing down indicate sell signal. XLM/USD Price short-term Trend: Bearish XLM is also bearish on the 1-Hour chart. The bearish engulfing candle formed at the $0.28 price level on the 1-Hour chart signaled the increase in pressure of the bears on the XLM market. The bearish candles that followed and the crossing of the 21-day EMA over 50-day EMA downside confirm the taking over of the bears in the XLM market. The XLM price is below 21-day EMA and the 50-day EMA which connotes sell signal. Nevertheless, the MACD with its histogram is above zero level and the signal lines at the oversold region pointing to the north, which indicates the bulls’ pressure are gradually increasing. The post Stellar Lumens (XLM) Daily Price Analysis appeared first on ZyCrypto.

11 hours ago

Bearish Market Hits Cryptocurrencies Hard; Is The Market Recovering Anytime Soon?

Are bearish markets real? Do they affect many cryptocurrencies at the same time? Yes. Yesterday, the bearish market was highly pronounced, unexpectedly hitting down all top 28 cryptocurrencies, yes 28. In a straight bearish movement, tokens from Bitcoin downwards closed with significant losses, BAT and Maker managed to dodge the bullets for split seconds and fell right back. Out of all top 100 cryptocurrencies according to data from coinmarketcap, only 18 tokens attained gains for a short while in the last 24hrs. While the bearish market hit the Ethereum for two days, Bitcoin surprised traders yesterday and almost fell below the $6,300 level for the second time in November. Trading volume fell by 0.30%, Market cap totaled at $110.67 B. Ethereum’s trading price struggled to maintain stability, leaving traders highly skeptical as it staggers to strengthen its grip on a $207.56 per Ether but is likely to lose momentum and possibly make a comeback from the $150 to $190 resistance level. Ripple’s outstanding performance yesterday was short lived as the token has now lost over 2.09% and cornered at $0.510597 for a short period of time. As of the time of writing Ripple is still shedding trading price as losses for today have already risen up to 1.71%. Stellar, Litecoin, Cardano, Tron and EOS are not exempted from this crisis, the tokens have pushed and pulled but repeatedly failed to break out of their nearest resistance level. Stellar has descended the most with a loss of 4.07%, following the same suit, Tron has also gone down by 2.32%. Meanwhile, Bitcoin Cash has surprisingly managed to navigate through the bearish market with slight gains ahead of its upcoming hard fork. BCH skyrocketed to an all-time daily high of $532.58, nearly breaking resistance to hold up at $600. As of this writing, BCH has amassed gains of 1.42% with a trading price of $515.31. The post Bearish Market Hits Cryptocurrencies Hard; Is The Market Recovering Anytime Soon? appeared first on ZyCrypto.

11 hours ago

Crypto Market Collapse As Bitcoin Cash Fork Punishes Investors

Crypto markets collapsed as the Bitcoin Cash hard fork panicked investors today. After weeks of speculation regarding the split, which is led by rival billionaires, the market finally decided that the uncertainty over Bitcoin SV and Bitcoin ABC had reached breaking point. The Bitcoin Cash selloff began at around 09:04 UTC as volume increased dramatically. After trading at around $520 this morning, BCH fell off a cliff as investors ran for the hills, plunging the price as low as $410 and leading a wider market selloff in which Ethereum and altcoins suffered most. The altcoins and Ethereum began to plummet shortly after the BCH selloff, with coins dropping in unison between 09:34 UTC and 09:44 UTC. Along with a 19% drop in Bitcoin Cash, the market was left reeling from an altcoin bloodbath - Stellar (XLM) fared best, with a *mere* 11% drop, while further down the charts, Basic Attention Token (BAT) suffered a 22% drop and its new best friend on Coinbase, 0x (ZRX) was down 19%. The global market cap plunged to under $190bn by 15:54 UTC. Bitcoin Cash was on a slow downtrend by 4:00am ET, and then accelerated its descent as it continued to drop during heavy trading. As is always the case in crypto, a proximate cause is hard to pinpoint: however, the fact that BCH has led the descent, and that the selloff of altcoins began moments after Bitcoin Cash plunged, suggest that the insecurity felt by the market over the hard fork may have been partly responsible for the market retreat. Altcoins, however, appear to have led a second round of heavy trading beginning at around 14:30 UTC during which the crypto market assessed the damage, possibly fleeing to Bitcoin (BTC) which suffered an 8% drop in value - a positively glowing financial beacon during a red day for cryptocurrency. Craig Wright making good on his threat? Craig Wright has threatened to “burn” Bitcoin Cash, and told Roger Ver, in a letter, that he would “see Bitcoin Cash die before ABC shits on it“. He also declared that he would “see BCH trade at zero for a few years“. Does the man who claims to be Satoshi have the resources and desire to burn crypto to the ground? Bitcoin Cash chart - November 13 - November 14 2018, 5 minute interval The author is invested in Ethereum, which is mentioned in this article. The post Crypto Market Collapse As Bitcoin Cash Fork Punishes Investors appeared first on Crypto Briefing.

11 hours ago

100k Taxi Users Could OmiseGO TADA Soon

A popular taxi app, with more than 100,000 users in Singapore, thinks it can improve its service using cryptocurrency and blockchain. The financial services platform, OmiseGO (OMG), has agreed to explore possible use cases with them. The collaboration might even see the two working together to bring crypto payments to the taxi service. OmiseGO signed a memorandum of understanding (MOU) today with Mass Vehicle Ledger (MVL), the company behind the popular ride-hailing app TADA. The agreement will see the two companies collaborate on research and technical development. The hope is the two companies will develop a strong proof-of-concept (POC) for how blockchain, and the OMG platform specifically, can improve the TADA app. “We are pleased to sign an MOU with MVL to deliver a POC for their ride hailing service TADA,” said OmiseGO’s managing director, Vansa Chatikavanij. “This serves as a step forward in our efforts to showcase the potential and benefits of the technologies.” OmiseGO and TADA Based in Singapore, TADA already uses blockchain to offer users a cheaper cab fare. Unlike centralized services, such as Uber and Grab, the project does not charge a commission. Although the app only launched in the summer, it has picked up significant traction. So far more than 100,000 people in Singapore had used the service, with roughly 17,000 car owners registering as drivers. They have also expanded their services to other countries within the region, including South Korea. OmiseGO is a decentralized network offering flexibility to payment providers. Working as a dApp off the Ethereum (ETH) network, it is a wholly-owned subsidiary of the Thai-based payment solution, Omise. Similar to Ripple (XRP) or Stellar (XLM), their services are aimed at the existing financial institutions. A mover rather than a shaker. The OMG network is essentially a trustless intermediary for parties to securely transact with one another, in the asset - fiat or crypto - of their choice. It has already implemented the plasma protocol, which processes transactions off the root chain to ease congestion, making transactions faster and cheaper. The platform also relies on a team of validators to confirm transactions. The OMG token is used to pay for transaction fees and must be staked by validators, acting as a form of security deposit. Is this significant OmiseGO news? This is an MOU. Details and particulars of the MOU remain sparse and in the end, nothing may come out of the agreement. Still, the two companies have suggested that the OMG blockchain could be used to log data collected from the TADA app. The service currently records data on transactions, car movements, accidents, and traffic flow onto the MVL blockchain. The idea is the data can be recorded by MVL straight onto the OMG network. MVL’s CEO, Kay Woo, also hinted the OMG blockchain to improve payment options for TADA users. This might include offering options for consumers to pay for rides in cryptocurrency, as well as in the local fiat currency. “We expect to bring real-life use cases with TADA using OmiseGO’s Crypto payment”, said Woo. The name OmiseGO may take on a whole new, and slightly more literal, meaning. The author is invested in ETH, which is mentioned in this article. The post 100k Taxi Users Could OmiseGO TADA Soon appeared first on Crypto Briefing.

11 hours ago

Bitcoin Bears to Persist Longer, XRP, Stellar, Bitcoin Cash, Cardano & BAT Loses the Most among the Top Altcoins

Down by 1.37%, Bitcoin is trading at $6,273 while crypto analyst Willy Woo says, “timing for a bottom may be around Q2 2019.” Majority of the crypto market is in the red and wiped out about $7 billion from the total market cap. Among the top altcoins, Bitcoin Cash (BCH), XRP, Stellar (XLM), Cardano (ADA), and BAT are losing most of their values. Bitcoin Bears to be in Effect Till Mid of Next Year The majority of the crypto market is in the red right now. The leading cryptocurrency has been trading at $6,273 with the 24-hours loss of 1.34 percent. With a market cap of $109 billion, it has been managing the daily trading volume of $4.5 billion. Source: Coinmarketcap.com Bitcoin is trading below the $6,275 support level against USD. In the near term, BTC faces the risk of more losses below $6,250 support level. Meanwhile, crypto analyst Willy Woo shares on Twitter that Bitcoin will remain bearish till the mid of next year, “Putting together the blockchain view, I suspect the timing for a bottom may be around Q2 2019. After that we start the true accumulation band, only after that, do we start a long grind upwards.” He shared an elaborate thread to discuss this scenario: So 30% think the bottom is in, 40% think more bear, and 30% are undecided. People asked what I think. To me nothing has really changed, apart from some sideways nail biting. I’ll repeat with updates... https://t.co/hhmyWXUoCF — Willy Woo (@woonomic) November 13, 2018 Crypto Market in Red Today The situation of top 5 cryptocurrencies is shown in the below-given graph: Source: Coinarketcap.com When it comes to top altcoins, Bitcoin Cash (BCH) has lost most of its value by almost 9 percent in the past 24-hours at $475. This digital currency saw a huge surge last week on the news of its upcoming hard fork on November 15. XRP is another top altcoin that is losing close to 5 percent while dropping below its crucial $0.50 price level. Despite a number of positive news in the form of Ripple CEO, Brad Garlinghouse talking about taking over SWIFT and that some of the largest banks using SWIFT are working with Ripple, XRP is falling in tandem with the crypto market. After kicking out EOS from the 5th spot, Stellar (XLM) is in the red by 6.21 percent at $0.2485. Meanwhile, Cardano (ADA) is down by 5.80% as the chair of the Foundation resigns, “Michael Parsons, Chairman of the Foundation Council of the Cardano Foundation, has resigned with immediate effect. Pascal Schmid, Council Member, will take over as Chairman of the Foundation Council on an interim basis. The Foundation is working to supplement the Foundation Council with suitable persons as soon as possible.” In the red by 11.15%, Basic Attention Token (BAT) has come down from its high. Meanwhile, the highest losses are borne by WAX at almost 20%. When it comes to gains, Sirin Labs Token (SRN) is registering the highest greens by 12.56%. Tether (USDT) is also in the green by 0.33% but still below $1 at $0.989. This has resulted in the loss of about $7 billion in the total market cap. The post Bitcoin Bears to Persist Longer, XRP, Stellar, Bitcoin Cash, Cardano & BAT Loses the Most among the Top Altcoins appeared first on Coingape.

11 hours ago

Altcoins Tank 10%, Bitcoin 4% in Surprise Rout Amid Stable Period

Cryptocurrency prices have taken a tumble today in what appears to be sudden rout highlighted by an afternoon selloff across the board, surprising traders getting used to weeks of relative stability in prices. As of 5.20 pm GMT on 14 November, Ripple posted the biggest daily loss in the Top 10, shedding 15% of its value to around USD 453.88. Bitcoin itself seemed to have weathered the storm better than others, losing just over 6% and breaching the USD 6,000 for the first time since June 2018. Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin and Cardano fared little better as the other Top 8 ranked, posting 11% - 14% losses. There does not appear to be any primary cause for the sell-off, although some are wondering if the October shocks in traditional stock markets have prompted traders to liquidate cryptocurrency in preparation for what Bank of America warned yesterday was a “Big Low” coming for the stock markets. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Freerangestock The post Altcoins Tank 10%, Bitcoin 4% in Surprise Rout Amid Stable Period appeared first on BitcoinNews.com.

11 hours ago

Cryptocurrency Trading Update: Midweek Lethargy Drops Markets Lower

FOMO Moments Crypto markets still in slow slide; Bitcoin Cash rebounding a little, Stellar, Nem, Zcash falling harder. The slow decline in crypto markets has continued as the week draws on. Falling back below $210 billion total capitalization, cryptocurrency prices keep dropping albeit at a very languid pace. Bitcoin is losing steam and has not been able get back above $6,400 since a little spurt on Monday. BTC is currently trading down again today, though losses are minimal and it is priced at $6,350 right now. The daddy of crypto is still ranging though volume has increased over the past couple of days, a drop below $6,300 could lead to heavier losses. Ethereum is following suit with another 1.5% decline on the day taking it to $206. Red is the dominant colour on the altcoin charts, and it has been since the weekend. In the top ten only one coin is making a gain at the moment and that is Bitcoin Cash which has risen to 2% to $519. The rest are extending losses with Stellar leading the pack dropping 4.5%. EOS and Cardano have both lost 2 - 3 percent on the day. Top twenty losses are even bigger with Nem dumping almost 10% from its big surge yesterday. XEM couldn’t hold on to that billion dollar market cap and has slid back again. Zcash and VeChain are both dropping 4 - 5 percent on the day and Tron losing over 2%. Only Ethereum Classic is in the green in the top twenty with a 1% push to $9.21. A new entry to the top one hundred is making the fomo pump today and that is Etheera. Climbing 11% this Swiss based real estate token has made it to 79th spot. Up even more Sirin Labs Token jumping 18% but these are likely to dump as quick as they have pumped in the next few days. A prime example is yesterday’s pump, Eternal Token, which is now dumping 30% today and dropping out of the top one hundred. Another previous pumper, WAX, is also falling fast with a 15% slide on the day. Total crypto market capitalization has slid back, dropping one percent on the day to just below $210 billion. Nearly $10 billion has been lost since last Wednesday which equates to a 4% market fall. On the three month chart however markets are still consolidating in a channel between $200 and $220 billion. Bitcoin dominance is slowly creeping back up and is currently 52.6% as its losses are not as severe as its brethren’s. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Trading Update: Midweek Lethargy Drops Markets Lower appeared first on NewsBTC.

11 hours ago

Crypto Market Loses over $8 Billion in Market-Wide Selloff, Intense Downtrend

Today is a tough day for cryptocurrencies. A large-scale selloff action has erased over $8 billion off the crypto market. The total market capitalization is $205 billion at the press time, down from $213 billion from yesterday. The market has a record of recovering from anywhere near $186 billion, which could be called the crypto bottom level of this year. The monthly perspective also shows a stable recovery from circa $200 billion, according to data available at CoinMarketCap.com. Source: CoinMarketCap.com | Global Crypto Market Cap A rebound at this point largely depends on the individual performances of the top coins. Bitcoin, for instance, today plunged as much as 2.06% across all the exchanges, forming lower lows towards $6,160. But its bear trend becomes weaker everytime it attempts to breach $6,000-support, as noticed by its price action in the previous quarter performances. Bitcoin 1D Chart | Source: TradingView.comAccording to the BitFinex chart above, the Bitcoin price is still capped by a strong falling trendline to its north. At the same time, a riding trendline is providing crucial support against the overall bearish sentiment. Bitcoin can reverse from support as it has before, clearing another opportunity for day traders towards their respective long targets in the north. That said, the entire crypto market can eye a potential upside correction in Bitcoin charts as an indication of a more comprehensive recovery across its space. XRP Weakened despite Strong Fundamentals Ripple’s CEO Brad Garlinghouse in his latest comments lambasted Bitcoin as a technologically deprived cryptocurrency. The blockchain official put XRP above BTC, stating that their token would perform impressively in the third quarter of this year. As a result, XRP posted close to 6 percent gains on Monday. A bearish correction ensued, however, erasing almost half the intraday gains. The XPR price action today simply looked like an extension of its prevailing downtrend, bringing the asset to form lower lows towards $0.50. Ripple (XRP) 4H Chart | Source: TradingView.com The XPR price is now attempting a pullback action while staying in the midst of a strong downtrend. There is strong support lurking at $0.493-level as of now. If it is broken to the downside, then the pressure to revive the bullish sentiment could fall on $0.463. The aggregated daily price drop in XRP market amounts to 4.44 percent at the press time, according to CoinMarketCap.com 24-hour indicator. Ether Continues Triangle Action Ether is trending sideways inside a symmetric triangle since mid-September. The latest price action is repetitive concerning testing the lower trendline of the said triangle. Ether 4H Chart | Source: TradingView.com The coin has reported 3.5 percent losses in the past 24 hours and could extend the bearish sentiment. A pullback action nevertheless would be expected from the lower trendline support. If it doesn’t occur, then the support target could shift to $195.89. Bitcoin Cash Crashing, Down 9% Bitcoin Cash is the only coin among the top ten whose value is reacting organically to fundamental factors. The coin’s underlying blockchain is scheduled for a hard fork tomorrow, which would split its chain into two identical ledgers: Bitcoin ABC and Bitcoin NV. Most of the traders are swapping their BCH holdings for South Korean Won (KRW) and Tether’s USDT, according to volume reports on CoinMarketCap.com, to protect their positions. Bitcoin Cash 1D Chart | Source: TradingView.com Bitcoin Cash is now trading at $490.5, now 8.5 percent lower than the previous high. The price is also treating the rising trendline as its tentative support level, awaiting pullback towards the falling trendline resistance above. The coin can expect recovery after the forking event is through. But until then, any extended bearish action could bring Bitcoin Cash to retest November’s bottom at circa $407. Other top altcoins, including Monero, Stellar, EOS, Litecoin, and Cardano, have posted losses ranging between 2 and 6 percent. Stabelcoin Tether, meanwhile, is 0.2 percent up from its valued noted 24 hours ago, now trading at $0.987. The post Crypto Market Loses over $8 Billion in Market-Wide Selloff, Intense Downtrend appeared first on NewsBTC.

11 hours ago

Crypto Music Festivals Are Setting a Precedent for Future Gatherings

Last month, Bitcoinist reported on Our Music Festival (OMF), a cryptocurrency music festival held in Berkeley at the end of October. OMF’s crypto environment sets a precedent for future festivals like South by Southwest, which will host a series of crypto-related events and talks next year. The University of California at Berkeley served as the site of Our Music Festival (OMF) on October 20th. Berkeley’s Hearst Greek Theater — named after media magnate William Randolph Hearst — served as the stage for the event. The Greek Theater is a historic venue, having hosted a spectrum of names over the years from the Teddy Roosevelt to the Dalai Lama, the Grateful Dead to the Berkeley Jazz Festival. Why not add a crypto music festival to the list? Party On By all accounts, the festival appears to have been a success. According to Zara Stone of Forbes, 8,000 people showed up to the Greek to take part in the collective crypto experience. Stone attended the festival, and she illustrates the kaleidoscopic scene at-length in her article. The line-up for OMF announced in early August included a Zedd headlining set, as well as sets from Big Sean, Matt and Kim, and Charlotte Lawrence. Excited to introduce your debut #OMF lineup featuring @Zedd, @BigSean, @3lau, @mattandkim and @charlottelawr!! Get your tickets FIRST during our #crypto presale at https://t.co/Uw5mqFDJbz. We’re accepting #BTC, #ETH, #BCH and #LTC. General on sale starts tomorrow at 10AM PST! pic.twitter.com/7YZeLp2Y1x — OUR Music Festival (@OURMusicFest) August 2, 2018 Producer 3LAU — who also performed his own DJ set — teamed up with promotion company Prime Social Group, as well as SingularDVT, a “blockchain entertainment” company. Together the trifecta succeeded in packing the Greek Theater. Stone said that “During 3LAU’s set, the DJ made a plea for more ‘people to get on the blockchain ’” That time we threw our own festival in the bay... @OURMusicFest pic.twitter.com/SkBT0mibEo — ▽ (@3LAU) October 21, 2018 While the party was clearly incredible, the festival’s underlying focus on crypto made it especially unique. For the occasion, the organizers introduced the OMF Token. The original Berkeley ticketing page for the event notes that the token was introduced in hope of: creating the first decentralized music festival network powered by a cryptocurrency (OMF Token) that will be redeemable for products, services, and experiences (physical, digital & virtual) within the network. The network will be comprised of OMF branded events and partnered festival events. OMF will establish the gateway for all transactions between consumers, artists and event organizers that participate in festival ecosystems The festival also incorporated its own OMF app which could be used to tokenize festival-wide QR codes. The app was created by Interstellar, “ a new company formed by Chain and Lightyear to make building and operating on Stellar even easier.” @OURMusicFest IS TODAY And we built one of the first consumer driven crypto mobile-apps with @go_interstellar to issue rewards to attendees with $XLM tokens! Download: https://t.co/07v0gu53q2 pic.twitter.com/rOTBDtJmts — OUR Music Festival (@OURMusicFest) October 20, 2018 Quest for the Fest OMF is a unique case in the rich and often innovative history of the American music festival. However, a handful of festivals — like South by Southwest Festivals & Conferences (SXSW), a multimedia festival in Austin, Texas — have begun to incorporate crypto elements. The 2019 South by Southwest event, which will be held between March 8th and 18th, encompasses music, film, and tech, and more. SXSW also includes a series of conferences, workshops, and panels that run along particular topical ‘tracks.’ This portion of SXSW will hold a handful of crypto-centered events. These include idiosyncratic selections like “Crypto Crime: How to Steal Cryptocurrency,” as well as more practical choices like “The Arsenal of a Blockchain Developer.” Crypto motifs were even been spotted at this year’s Burning Man festival in the form of a Bitcoin (BTC) 00 sculpture protruding from a group of tables. Burning Man organizers even accepted bitcoin donations in 2014. Ironically, Burning Man’s intentional community is based entirely on a barter economy. Perhaps in the future, festival giants like Bonnaroo and Coachella will join the party. Until then OMF remains not just the first, but the only full-fledged crypto festival. A Shared Heritage The merging of crypto and festival culture tells a story about a shared set of values. Both cultures strive to rethink the status quo by introducing creative and experimental alternatives to traditional ways of doing things. These values are reflected in Berkeley’s Bay Area locale, which historically represents the birthplace of both large music festivals, and Silicon Valley tech culture — both rooted in the countercultural values of the 1960’s. There is no word yet on whether Our Music Festival will become a Bay Area fixt

11 hours ago

Bitcoin’s Lightning Network Capacity Attains a New All-time High

CoinSpeaker Bitcoin’s Lightning Network Capacity Attains a New All-time High The mainnet implementation of Bitcoin’s Lightning Network (LN) has attained a new milestone of 4000 nodes for the very first time. Lightning Network, as we know, is the second layer off chain scalability solution of the Bitcoin network. The network is designed to cater to a huge number of Bitcoin users while keeping the transaction costs low. According to the data resource 1ML, the number of nodes for the Lightning Network at the press-time is 4036. Of these 2911 nodes are currently public. Furthermore, the network capacity currently stands at 123 BTC. Just two months back in September, the Lightning Network capacity for the first time crossed 100 BTC. Over the last few months, a lot of development around the Lightning Network implementation is taking place. Bitcoin developers are currently working over a more robust infrastructure instead of focusing much on the user interface at the moment. In September, during a summit in Australia, Lightning Network lead developer Alex Bosworth talked about the key improvements the community decided to implement. A number of third-party developers have started experimenting with the Lightning Network (LN). Earlier this year in May, programmer Laszlo Hanyecz successfully made BTC payments for his pizza through the lightning network. Remember, Hanyecz was the first person to pay for pizza through Bitcoins (BTC) back in 2010. Similarly, last month, Richardo Reis tested the BTC payment for Coca-Cola through the Lightning Network. Reis also released a video demonstrating how the complete transaction took place. Also, in September, developer Alex Bosworth released the concept of “submarine swaps” to facilitate seamless transactions between the Lightning Network and the Bitcoin network. This interoperability solution takes inspiration from atomic swaps for seamless fund transfers between off-chain lightning and on-chain bitcoin platform. Stellar Likely to Add Lightning by 2019 As the entire crypto industry is undergoing the hurdles of scalability, Bitcoin is not the only digital currency to consider implementing the Lightning Network. Earlier this year, Stellar officials highlighted the Lightning requirement. They said that “the market demand for more private channel transactions.” The blog notes that “Lightning will have a huge positive effect on Stellar’s long-term scalability and security. We’ve been aware of Lightning’s potential for Stellar for a while, and we’ve recently collaborated with Stellar advisor and Bitcoin Core developer Jeremy Rubin to optimize our implementation.” Bitcoin’s Lightning Network Capacity Attains a New All-time High

11 hours ago

Crypto Arbitrage Today: XRP, XLM, ETC, EOS, ZEC, XMR

As another day dawns upon the altcoin markets, new arbitrage opportunities become apparent. There are many different ways of trading altcoins for profit even if their individual prices may not necessarily look all that appealing. The following six coins offer some easy profits, although it mainly depends on liquidity associated with the exchanges involved. EOS (KuCoin / Bitfinex / YoBit) There are several arbitrage opportunities when it comes to EOS, though they also involve different exchanges. One option is to buy on Paribu and sell on HitBTC for a 0.8% profit. Another option is to buy either on KuCoin, Gate, Paribu, Bitfinex, or Binance and selling on YoBit. The latter option offers rewards of up to 1.9%, which is a bit more appealing compared to the alternative. ZCash (Poloniex / Bittrex / YoBit) It is evident ZCash will be subject to some small arbitrage trading gaps for some time to come. The altcoin is found on many exchanges, though prices tend to differ slightly. Buying ZEC on Poloniex, Gate, CEX, Bittrex, Bitfinex, or HitBTC and selling on YoBit will yield profits of up to 24%. All of these opportunities are incredibly profitable first and foremost, especially given how nearly no real effort is involved. Monero (Kraken / HitBTC / Poloniex) Not too many altcoin arbitrage opportunities only involve some of the bigger exchanges on the market. For those looking to flip XMR, buying on Kraken and selling on HitBTC, Poloniex, or Gate will yield some pretty good profits overall. Gains of up to 1.1% are certainly possible, especially because these platforms should all offer decent liquidity first and foremost. Ethereum Classic (Koineks / KuCoin / YoBit) For the umpteenth day, YoBit maintains a higher price for Ethereum Classic compared to virtually all other exchanges. Buying on Koineks, Binance, KuCoin, and Poloniex will always reward traders with some quick profits of up to 2.5%. It is unclear how long this gap will remain in place, though, XLM (Kraken / Binance/ KuCoin) A few interesting arbitrage options exist where Stellar’s XLM is concerned. Buying on Kraken and selling on HitBTC or Gate will yield profits of roughly 1%. Buying on Sistemkoin, CEX, or Kraken and selling on Binance, Gate, or KuCoin will yield profits of 0.9%. Many different options to choose from, although the gains are not necessarily as appealing as on other days. XRP (Kraken / HitBTC / OKEx) The most trading opportunities pertain to XRP at this time. Buying on Kraken and selling on HitBTC, OKEx, or Poloniex can yield a 1% profit. Buying on Vebitcoin and selling on these exchanges or Binance will yield profits of 0.9%. Buying on Bitstamp to sell on OKEx or Poloniex yields 0.95%. Purchasing XRP from Vebitocin and selling on Bittrex or Bitfinex results in a 0.8% profit. Information provided by Arbing Tool. 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 Crypto Arbitrage Today: XRP, XLM, ETC, EOS, ZEC, XMR appeared first on NullTX.

11 hours ago

Kik Selects Stellar for Crypto Token Launch

Kik has chosen to abandon Ethereum blockchain and will use Stellar Lumens protocol to develop a cryptocurrency called Kin. Kik launched Kin during the 2017 ICO boom and the company is now planning to close Kin’s atomic swap with Ethereum. The messenger app managed to raise nearly $100 million in cryptocurrency in September 2017 but Ethererum scaling issues lead the company to search for a different protocol for its cryptocurrency. Kik had developed a temporary two-chain strategy that allowed users to switch back and forth between Stellar and Ethereum blockchain but now the company has decided to only use one blockchain. Kik founder and CEO Ted Livingston said, “One Kin on one blockchain. That’s our vision.” Kik has not set a deadline for the migration but is planning to release a toolkit for transfers in the near future. (RS)

14 hours ago

The Crypto Market Loses $3 billion as Leading Digital Currencies Plunge

Over the last 24 hours, the crypto market has lost $3 billion after sliding from $212 billion to $209 billion. This plunge has emanated from the poor performance of top crypto assets like XLM and ADA which have dropped by 3% to 6%. After Coinbase listed BAT on its platform, the anticipation that the exchange would list XLM, ADA, and ZEC next saw the coins surge significantly. For instance, XLM's value rose by 27% to trade at $0.28. However, the value of the above coins begun dwindling resulting in the bleeding of the entire market capitalization. (KE)

20 hours ago

Daily Cryptocurrency News - 13th November 2018

Welcome to the most important cryptocurrency news of November 13th, 2018. Swiss Federal Railway - First Digital Identity Pilot on Ethereum Blockchain This is not the first blockchain related project that Switzerland created. Last year, City of Zug had a government verified citizen ID on a public blockchain. This was created with the help of uPort alongside with ConsenSys. Right now, together with Linum Labs - SBB wanted to create a new blockchain related venture that could bring some real business value. SBB manages over 30,000 employees across Switzerland. And SBB decided to create a solution that could a) Verify the identity of a worker, b) Verify their credentials, c) Record them in a tamper-proof ledger. This project was tested on the public Ethereum testnet - Rinkeby. Connected with uPort, railway workers, supervisors and other authorities can have their own digital identity, linked to their uPort ID. The uPort ID is tied to an identity on the blockchain. The main things that SBB wanted to achieve with this were: A great mobile user interface (UI) and good user experience (UX) - So there could be an adoption of the system. Be useful even for external partners of SBB An open-source system, to achieve network effect and buy-in from the blockchain ecosystem To be in compliance with GDPR and other privacy regulations from Europe or Switzerland The results was amazing, easy-to-use and over-delivered. You can check the UI/UX of the platform as well as many other details in the LinumLabs Medium post Cryptocurrency Thefts - A New All Time High As Hackers Stole Almost $1 Billion The bad news for today are that cryptocurrency thefts reached almost $1 Billion in 2018. CipherTrace , a company that created cryptocurrency anti-money laundering systems, bitcoin forensics and blockchain threat intelligence solutions, claimed that hackers stole $927 million from cryptocurrency exchanges alone.While its almost impossible to trace people that got hacked or scammed from their cryptocurrency, we can estimate the total would surely be above $1 Billion for 2018. The thefts increased by 3.5 times in 2018. This means that not only hackers are finding new ways of hacking exchanges, but also there are some exchanges that doesn’t have a properly made security audit. Without one, an exchange can be hackable and its only a matter of time until hackers will realize. The most notable cryptocurrency exchange hacks of 2018 are: Coincheck - $530 million worth of tokens, mostly NEM; BitGrail - $195 million worth of tokens, mostly NANO; Zaif - $60 million Coinrail - $40 million Bithumb - $30 milion For more details about CipherTrace - you can check Coinbeat’s Article. ConsenSys & Amazon - The Creation Of The First Ethereum Marketplace For Enterprise Blockchain First off, it’s important to note that Amazon won’t be accepting Ethereum as a way of payment. This is not the news is about. Kaleido - a part of Consensys declared they will launch a marketplace of services to help new blockchain projects succeed. Their plan is to bring the business from a proof-of-concept until the working stage. The company will work with Amazon Web Services to create the enterprise blockchain platform. The platform will be a full-stack one, with services that includes native AWS integrations, HD wallets and ID registries. According to Kaleido, they managed to eliminate 80% of the coding work required to build a blockchain project. Besides this, there will also be support and services for: supply chain management,smart contracts, and real-time legal contracts. Kaleido won’t use only Amazon Web Services, but other third-party developers. Though this may sound like a partnership, its important to note that it isn’t one. Its just Kaleido working with Amazon Web Services to help blockchain related idea be brought to life easier and in a more professional way. “The reality is only about 10 percent of an enterprise blockchain project is the blockchain itself. There are many other application, data and infrastructure components required to go into production. I’m very excited that we have a whole cloud of blockchain technologies pre-integrated for our clients to use. The Kaleido Marketplace is a one stop shop for all things enterprise blockchain.” Stellar Lumens Is Now the #5 Cryptocurrency, Moving Ahead of EOS It appears that the ‘EOS craze’ is over, as the cryptocurrency was recent left behind by Stellar Lumens. Most of the cryptocurrency enthusiasts are happy about this, especially after the latest news of EOS not being a blockchain. EOS gained the number five on the cryptocurrency list after a $4 billion ICO results - with many people remaining skeptical about its use-case & TPS claims. At the time of writing the article, Stellar Lumens is in front of EOS with $76 million in market capitalization with a 2.86% decrease for today. But what could be the factors that lead to this? Firstly, there’s the Coinbase listing effect. Recently, two cryptocurrencies from t

a day ago

Stellar ultrapassa EOS no Coinmarketcap

Por: Livecoins Olhando para o top 10 das criptomoedas, em um mercado em que o volume e oscilação anda pequeno nos últimos tempos quase não se vê grandes diferenças, mas nessa segunda-feira, 12 de novembro, a Stellar ultrapassa EOS no Coinmarkecap. A Stellar Lumens, representada pelo símbolo XLM, vêm nos últimos dias se valorizando no mercado cripto, que no momento da escrita desta estava com 5 bilhões de marketcap e a EOS estava com 4.8 bilhões por sua vez. Fonte: https://coinmarketcap.com/ Em relação aos três últimos meses, a XLM chegou próximo ao valor de seu topo nesta data, chegando a ser cotada cada unidade em U$ 0,28, e em relação ao BTC chegou ao valor de 0.00004376 satoshis por unidade. Os fatores positivos que estão sendo levantados em torno desta criptomoeda é que é possível que a mesma seja listada em breve na Coinbase, e todas as criptomoedas com rumores de serem listadas por lá aumentam o volume de interesse de investidores. Outro ponto é que o site Blockchain.com está realizando um grande airdrop da XLM com o apoio da Stellar Foundation, e para isso foi destinado o montante relativo a U$ 125 milhões de criptomoedas para serem distribuídas, de forma a aumentar a adoção dos usuários desta rede. Cada usuário pode ganhar cerca de U$ 25 dólares em tokens. Esse no caso seria o maior airdrop já realizado no mundo das criptomoedas, caso tudo ocorra conforme o planejado. Quanto a listagem na Coinbase, os rumores apontam que seria possível que esse ativo digital apareça na plataforma, que recentemente listou também o token Ethereum BAT. Outras listagens sendo estudadas pela plataforma são Zcash, 0x e Cardano, em um plano de aumentar a quantidade de tokens disponíveis para seus clientes. Isso é grande visto que a Coinbase é regulamentada pelos EUA e possui uma avaliação criteriosa de listagem, dando força para qualquer token digital que entre em seu espaço, além é claro de ser uma das primeiras exchanges do mundo. Quanto a EOS, essa perda de força pode ser indicada pelas recentes críticas a sua plataforma, e talvez até pelo estudo que aponta que a mesma não seria uma blockchain. Seguimos acompanhando o mercado cripto, fique ligado com a gente! O artigo Stellar ultrapassa EOS no Coinmarketcap apareceu primeiro em Livecoins.

a day ago

Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents

Still, altcoins are weathering strong headwinds. Other than bullish ADA/USD and XLM/USD, EOS/USD, XMR/USD pairs are stable while LTC/USD could below $50. Needless to say, we are overly positive expectant of loss reversals following 10 months of consecutive lower lows. Let’s have a look at these charts EOS/USD Price Analysis Carbon USD—CUSD, is officially the first stable coin on the EOSIO platform. With fiat as collateral, CUSD is also accessible for Ethereum users. But according to the founder, Samuel Trautwein, their grand plan is to transition into this “fiat-backed algorithmically hybrid approach” once it goes mainstream with enough liquidity. As expected, this announcement means there is better interoperability. Moving on, traders can enjoy cheaper and faster settlement than they would on the Ethereum platform. On to the chart and everything is literally slow. Not only are gains no-existent but the tapering volumes is confining price movements inside a $2 range. This accumulation validates our previous EOS/USD trade plan and we suggest executing trades once there are breakouts above Oct 15 highs at $6 or losses below $5. Of course, the former is ideal. It is because of this that we retain a bullish outlook as long as prices are still trending inside Oct 15 high low. LTC/USD Price Analysis Thing is many are expecting higher highs but since LTC/USD is yet to muster enough momentum driving prices above $50, it remains a sell. In line with our last trade plan, we shall take a neutral approach only initiating shorts once there are solid printouts below $50. Related: Gemini Adds Litecoin with Approval from New York Regulators Conversely, it would be ideal if buyers jump in to prevent this depreciation. However, for this to be true then buyers must inject momentum and support prices at spot as they drive them towards $60. Before any of that happen, sellers are in control but to avoid speculation, we recommend taking a temporary neutral stand. XLM/USD Price Analysis On a weekly basis, Stellar is up 14 percent but printing losses in the last day. Regardless, our last XLM/USD trade plan is valid and to reiterate, as long as prices are trading above 25 cents, then aggressive traders can begin initiating longs with stops at 25 cents with modest targets at 30 cents. If today end up higher-as EOS flat lines-then there could flip be a flip. After all, the margins are low and with less than $400 million of value separating them, EOS risks dropping down the perking order. ADA/USD Price Analysis Technically, ADA/USD is trading within a bull break out pattern after impressive gains of Nov 4. And since prices did reverse right off the previous resistance now support trend line, we suggest trading just like as prescribed in our previous ADA/USD price analysis. On every dip, aggressive traders should buy with stops at around 7.3 cents with modest first targets at 9.5 cents clearing Oct highs. Thereafter, it depends on how price action reacts at that price level because break outs would trigger conservative buys with targets at 12 cents. XMR/USD Price Analysis Still in the top-10, Monero is flat and ranging following Oct 11 and 15 counter movements. Though we remain upbeat expecting gains, losses of Oct 11 did trigger sells in a clear break out pattern. Because of this, we need to see strong price confirmations if bulls are indeed in control. Also Read: Withdrawing Crypto to Fiat from BitFinex Now Costs Close to PayPal Note that if XMR/USD declines below $100 our XMR/USD price projection would be null. In that case, further declines would trigger sellers aiming at $70. On the reverse side, it would be ideal if there are breaks above $120 and $130—on the safe side. That would be inviting for bulls aiming at $150 and later $300. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents was last modified: November 12th, 2018 by Dalmas NgetichThe post Altcoins Price Analysis: Stellar Temporarily Flips EOS as ADA/USD Bulls Eye 12 cents appeared first on NewsBTC.

a day ago

Stellar (XLM) Becomes Fifth Largest Cryptocurrency- Great Times Ahead?

It is rare for positions to be exchanged in the top level of the cryptocurrency market. However, in recent times there has been considerable movements most notably in the top ten cryptocurrencies. XRP has twice come from behind to become the second largest cryptocurrency- temporarily. Now, there have been even more changes in the top ten cryptocurrencies. In the last couple of hours, data from Coinmarketcap have shown that Stellar has climbed up in ranking. According to the website’s ranking, Stellar is now the fifth largest cryptocurrency in the world. The position was initially occupied by EOS which has now been pushed back to sixth. Could this signal a bullish rally ahead? At the time of press, Stellar is trading for $0.265314. In the last 24 hours, the coin has dropped by at least 2%, which is a price correction from yesterday’s price rally that saw the coin trade in the highs of $0.28. For the last couple of days, the coin has succeeded in staying above the $0.25 position which has always been a key position for it. In case it dips below the position, there is always great loss and the higher above the position it is, the more likely it is to soar. For the coin, it is a crucial support level. One reason why the coin is enjoying this recent stability and a prestigious position in the top five ranking in the world is its partnership with Blockchain. Recently, Blockchain.com Wallet announced they would begin supporting Stellar, making it the only fourth coin to be supported by the wallet. The wallet also supports Bitcoin Cash, Ethereum and Bitcoin. Blockchain went on to add that they would conduct the biggest airdrop of $125 million worth of Stellar Lumens. Stellar has been riding on this news since last week and has ensured its stability. On top of marking the biggest airdrop, Stellar will be more accessible in the U.K, where Blockchain.com is a leading cryptocurrency exchange. Stellar is considered Ripple’s greatest competitor. There has been a lot of debate over which one is more superior but, one thing has always set them apart, their ranking in the market. Ripple has always been on top of Stellar. Stellar looks like it might be determined to become better than Ripple in future and this could be settled by Stellar taking XRP’s position. The post Stellar (XLM) Becomes Fifth Largest Cryptocurrency- Great Times Ahead? appeared first on ZyCrypto.

a day ago

Can XRP overtake Swift? Ripple CEO talks about XRP needs “Global Framework”

In a recent interview with IMF’s Deputy General counsel Ross Leckow, Ripple’s CEO, Brad Garlinghouse discusses company’s partnership. During the discussion at Monday’s Singapore Fintech Festival, he states the Ripple Labs is gaining potential opportunities than SWIFT. Ripple Labs, a blockchain startup is more faster and employ the latest technologies where SWIFT, (Society for Worldwide Interbank Financial Telecommunication) has been since a long to send and receive money. However, Ripple was in the bulletin quite often - during the discussion, he also strictly shed light on the rumors spreading the “counterfeit over Ripple-Swift” partnership. He went to say that IBN (International Bank Account Number) and SWIFT are the global payment network and the partnership between SWIFT and Ripple is a strict rumor. He believes that “Ripple is already taking over SWIFT”. “The technologies that banks use today that Swift developed decades ago really hasn’t evolved or kept up with the market,”. According to its official website, Ripple Labs work with 100+ Fintech and payment providers using its RippleNet technology. Its clients include Japan’s Mitsubishi UFJ Financial Group and Standard Chartered. Whereas the points that Swift didn’t agree on blockchain as a solution to the correspondent bank and thus the partnership news is forged. He moreover stands on below statement; “What we’re doing and executing on a day-by-day basis is, in fact, taking over Swift,” he said. Since the announcement rolled out, XRP valued with the market cap of $21,010,109,142 and a coin value $0.522 with the price surge of 3.57% in 24 hours. However, we also see Stellar ticked to the fifth position it topped earlier with a market cap $5,014,195,962. The post Can XRP overtake Swift? Ripple CEO talks about XRP needs “Global Framework” appeared first on Coingape.

a day ago

Bitcoin holding Strong while XRP, NEM, & BAT Surging Amidst Global Stock Market Plunge & Tech Giants Slump

Bitcoin is holding steady while a number of altcoins like XRP, Monero (XMR), IOTA (MIOTA), NEM (XEM), Zcash (ZEC), and Basic Attention Token (BAT) are making decent gains. Meanwhile, the global stock market is in rout as tech giants (FANG) dropped. The strong dollar driven by Fed raising rates, weak economy of China, and Brexit along with a weak euro is also leading the slump. Bitcoin Steady, Crypto Market Enjoying the Greens Bitcoin is steadfast at around $6,400 while oscillating between $6,250 and $6.920 for the past two months. At the time of writing, Bitcoin has been trading at $6,364 while registering the 24-hours loss of 0.60 percent. The volatility in the world’s leading cryptocurrency continues to fall. Source: Coinmarketcap.com Meanwhile, a number of altcoins are seeing the greens. Out of the top cryptocurrencies, XRP is leading with 2.72 percent gains at $0.517. While Ethereum (ETH) is in the red by 1.28% at $208. Stellar is in the red by about 4 percent at $0.265 but is currently ranked at the 5th spot having replaced EOS. Monero (XMR), and IOTA (MIOTA) are also in the green by 0.46%, and about 2% respectively. NEM (XEM) is today’s biggest gainer with over 24% gains. Zcash (ZEC) is another under 20 top cryptocurrency by market cap that is surging at $132.88 with about 7.27 percent gains. Basic Attention Token (BAT) is rising by 3.73% at $0.255. Meanwhile, Global Market & Tech Stocks Tumbling A broad sell-off in the big names viz. Apple, Amazon, Goldman Sachs, and General Electric pulled US stock lower. The cut down of shipment orders has the shares of Apple drop 5 percent. This, in turn, knocked off 600 points off the Dow Jones Industrial Average. Lindsey Bell, investment strategist at CFRA says, ‘‘With the news out of the Apple supplier this morning, you have the market overall questioning the growth trajectory as we look out to 2019.” After having a two-week winning streak, the markets are yet again falling. The S&P 500 Index dropped close to 55 points and Nasdaq composite slid 206.03 points. Japan’s Nikkei stock index eased 0.12 percent while Australian shares were down 0.08 percent. France’s CAC 40 fell 0.9 percent, Britain’s FTSE 100 lost 0.7 percent, and Germany’s DAX shed 1.8 percent. Randy Frederick, vice president of trading derivatives at Charles Schwab shares, ‘‘The bull market is not over, the economic expansion is not over, but things are starting to wind down. We’re clearly getting into the late innings of the ball game.’’ In currency markets, the dollar index was up by 97.004 while euro, yen and British pound are in the red. Gold, Silver, and copper all lost about 0.3 to 0.9 percent. Industry and energy sectors are also down around 1 percent. The strong US dollar is an integral factor to all these losses which is driven by Fed raising rates, weak economy of China and Italy, and Brexit along with a weak euro. So, crypto and global stock market seems to be going in different directions which is strengthening the case for the crypto portfolio as shared by Mati Greenspan, senior analyst at eToro, “The fact that the current stock market rout has not had any effect whatsoever (positive or negative) on the crypto assets is an extremely positive sign. This is a prime example of how cryptos are uncorrelated and it only serves to increase their use case as a powerful tool for asset management.” The post Bitcoin holding Strong while XRP, NEM, & BAT Surging Amidst Global Stock Market Plunge & Tech Giants Slump appeared first on Coingape.

a day ago

What Is Tron? Introduction To TRX

What Is Tron? Tron (TRX) is a blockchain platform launched as the foundation for a decentralized entertainment ecosystem. Created by controversial figure Justin Sun, Tron focuses on expanding the market of decentralized digital content applications by making it easier to create and deploy them. The Tron mainnet launched Jun 2018, and the Tronix TRX is the proprietary cryptocurrency token of the Tron blockchain. Adoption of blockchain technology is limited in part because of the difficulty many developers face in learning to build from scratch on entirely new protocols. Tron is designed to ease this transition and therefore hasten the decentralization of existing platforms and creation of new dApps. Introduction To Tron And TRX Tron will work in the same way that other content networks work: creators produce content and consumers purchase it. Other applications can be built and leverage the same resources, and the value of TRX hinges in part on the execution of code within the Tron network. And it’s not just Tron bringing content and content creators to the blockchain - blockchain-based ecosystems like Steem and dApps like the Qtum-based Vevue, TaTaTu, and Binge want to streamline the content creation and payment system too. Not only that, but artists like Jay-Z and Jack White already launched their own services like Tidal to compete with third-party or industry-owned content-delivery platforms. Meanwhile the FCC dismantling Net Neutrality enhanced the war between content creators and distributors. Before exploring how Tron can disrupt the media landscape, let’s explore the performance of Tronix (TRX), Tron’s proprietary cryptocurrency token, on the crypto market. TRX Crypto Market Performance The peak price of TRX so far was $0.254791 on January 4, 2018. TRX began as an ERC-20 token on the Ethereum mainnet, but when the Tron mainnet launched in June 2018, the ERC-20 tokens were migrated to the native TRX coin at a 1:1 ratio. Tronix is used by consumers to pay for content, leaving content creators with a stake in its value. As of November 12, 2018, the circulating supply of Tronix is 65,748,111,645 TRX out of a total supply of 99,000,000,000. The Tron Foundation ran the Tron ICO token sale from August 31- September 2, 2017. Forty percent of the total token supply (approximately 40 billion) was sold, raising approximately $70 million worth of ETH and BTC. The remaining supply was withheld by the team for future distributions and to fund further project development and marketing efforts. Over $58 million worth of TRX is traded on a daily basis, making it one of the most traded cryptocurrencies on the market. Cryptocurrency exchanges that accept TRX include BitForex, OKEx, Binance, Huobi, Bit-Z, IDAX, DigiFinex, and Systemkoin. TRX trading pairs include ETH, BTC, and USDT. Tron wallets are community-developed and available for every OS, including desktop, web, and mobile. TRX is also supported by third-party cryptocurrency wallets like Trust Wallet, Ledger Wallet, and Freewallet Creating a New Media Ecosystem via P2P Tron TRX is one of many efforts seeking to leverage the peer-to-peer nature of modern networks in order to allow content creators and distributors direct access to their consumers. YouTube, iTunes, and other centralized distribution networks have a significant choke hold on the digital content market, creating a barrier for independent content producers seeking distribution channels. Various decentralized applications are planned for deployment on Tron to take advantage of the direct, peer-to-peer architecture of the network that eliminates the need for a middleman. One such application that has received a lot of attention is Gifto, created by Uplive, a highly influential and successful paid social media platform in Asia. Both streaming entertainment and content delivery are massive industries. The content delivery network market alone is predicted to reach $30 billion by 2022, while the entertainment industry as a whole will exceed $2 trillion in the same period. Most major shifts in Internet technologies have to do with either the delivery of content or the payment. The first iteration of the web was poor at facilitating value transactions.. With Web 2.0, we saw the introduction of secure payment channels and an advertising economy was born, which made use of personal data to sell more products. With Web 3.0, as Justin Sun views it, we have seen content economics arise that give centralized control to delivery mechanisms. Content presented by Facebook or YouTube is essentially owned by those entities. Through cryptocurrency, this situation can be disrupted, and content producers can own the actual content they create, while deliverers can still earn a reward for their service. A major step in this direction is the leveraging of blockchain to eliminate the need for centralized servers. When content delivery itself can be fully decentralized, the cost of that delivery can be reduced and new ec

a day ago

Bosch Plugs IOTA With XDK Tools

There aren’t a lot of cryptocurrencies backed by multi-billion-dollar tech giants. Sure, Stellar has IBM, and Ripple has its banking partners, but there aren’t many non-block companies betting on crypto in the way Bosch is supporting IOTA. Despite the hurdles and pitfalls,the Internet of Things cryptocurrency continues to receive regular shoutouts from one of the biggest names in technology. Bosch Connectivity, the IoT arm of the multi-billion dollar tech giant, namechecked IOTA again in its latest blog post and introduced what is hoped to become the latest IoT device. Using a variety of open-source software protocols, the company says that the Bosch XDK (Cross Domain Development Kit) will allow smart devices to collect and share encrypted data in exchange for the IOTA tokens. In order to put the device in the reach of the average programmer, the company has also announced XDK2MAM: an open-source set of software tools that (might) make the XDK as versatile as a Raspberry Pi. “The IOTA Marketplace is a decentralized data marketplace that aims to make data available to any compensating party,” the company says to the post. “Currently, data is mostly limited to the control of a few entities and not available for the broad masses. Therefore, not everyone can develop new use cases or business areas.” Those limitations cause high barriers on the data economy. Unlike other cryptocurrencies, IOTA is designed for machine rather than human use, relying on micro-devices like the XDK. For possible use-cases of the XDK in action, Bosch has a few ideas: A company decides to rent out their machines and measures the exact amount of time a customer used the machine and bills them accordingly with IOTA The XDK confirms that a machine is operating under proper conditions and sets up these data transactions on the Tangle, for both the operator and supplier to see. The XDK is used for an audit trail in a similar concept. If data must be transported under specific conditions, the XDK can monitor this and the IOTA Tangle creates a paperless record for all parties to follow. IoT data trading has already seen some prototype applications—like the early demo of a car whose insurance conditions change as it is driven, or the partnership with VW for an on-Tangle Volkswagen. But even Bosch might not be able to rescue IOTA from its troubles. It’s a notoriously difficult cryptocurrency to use; each new trade requires a fresh address, and the developers have made some design choices that have raised more than a few eyebrows. The decision to base IOTA’s encryption on a home-brewed hashing algorithm—and the negative fallout from the ensuing media storm—brought IOTA from a $14bn dollar valuation last December to its present price, at somewhat over $1bn. While Bosch’s commitment to the economy of things remains undiminished, it remains to be seen if the rest of the market will share the enthusiasm. The author is not invested in IOTA, but owns other digital assets. The post Bosch Plugs IOTA With XDK Tools appeared first on Crypto Briefing.

a day ago

Markets Update: Bitcoin Cash Price Rally Stalls but Trade Volume Spikes Hard

There are less than two days left until the Bitcoin Cash (BCH) network faces a contentious hard fork and BCH markets are showing some unusual activity. They are being driven by heavy trading volumes that have doubled in the last two days, while BCH/USD short positions on Bitfinex have touched an all-time high. At the moment, bitcoin cash is trading for $529 per coin with more than $900 million worth of global swaps in the last 24 hours. Also read: Cryptocurrency ATM Growth Spikes Exponentially to 4,000 Machines Worldwide Cryptocurrency Rally Stalls As news.Bitcoin.com stated during our last markets update, all eyes are on bitcoin cash prices before the pending fork and this is still the case. On Tuesday, Nov. 13, the overall cryptocurrency economy is valued around $214 billion with over $13.3 billion in global trade volume over the last day. Currently, bitcoin core (BTC) prices are hovering around $6,359 with a market valuation of about $110.4 billion. BTC prices are down 0.64% over the last 24 hours and down 0.95% for the last seven days. The second highest valued market held by ethereum (ETH) is valued at $21.5 billion today and one ETH is swapping for $209. Ripple (XRP) has dipped in value as well and the token is down 0.12% over the last 24 hours. Spot markets show one XRP is trading for $0.52 and ripple trade volume is around $579 million. Lastly, stellar (XLM) markets are down quite a bit as markets have lost over 3% today and one XLM is trading for $0.26. Top 10 digital asset markets on Nov. 13, 2018, 12:00 p.m. EST. Bitcoin Cash (BCH) Market Action Even though it looks as though some of last week’s BCH spurred digital asset rally has stalled, a lot is going on behind the scenes. One BCH is trading for $527 per coin and the total market valuation is around $9.9 billion this Tuesday. According to statistics, bitcoin cash has the fourth largest trade volume just below tether (USDT) and ETH. This is because BCH trade volume has spiked considerably over the last day as the 24-hour volume is steadily approaching $1 billion. The trading platforms swapping the most BCH today include Lbank, Okex, Binance, Hitbtc, and Bitfinex. BTC is the largest pair trading with BCH and captures 39.5% of the market. This is followed by USDT (30.9%), USD (12.4%), ETH (7.1%), and QC (3.8%). Bitcoin cash daily chart on Nov. 13, 2018, at 12:00 p.m. EST. BCH/USD Technical Indicators Looking at the BCH/USD 4-hour chart and the daily on Bitfinex and Bitstamp shows BCH bears have managed to push the bitcoin cash price down and suppress the value over the last few hours. Similar to our last markets update, the short term 100 Simple Moving Average (SMA) is still well above the long-term 200 SMA trendline. This confirms the path toward the least resistance is still the upside at the time of writing. On the 4-hour chart, the Relative Strength Index oscillator is meandering in the middle (44-56) and not giving much indication toward the next move. BCH/USD Bitfinex 4-hour. Nov. 13, 2018. Order books show bulls need to surpass the current suppression and prices above the $560 range to gain some more leeway. On the backside, order books show some solid foundations between the current vantage point and $485. Again, there is a massive buy wall at $445 which could hold for a decent period of time. However, the moving averages and current MACd show things may not be so dismal in the short term and the massive trade volume injected in the BCH ecosystem in the last 24 hours suggests a quick and unexpected trend change could definitely be in the cards. BCH/USD 30-min. on Bitstamp. Nov. 13, 2018. Chain Split Token Markets and Short Positions As mentioned above, the clock is ticking towards the pending Bitcoin Cash network fork slated for Thursday, Nov. 15. Additionally, BCH/USD short positions on Bitfinex are still riding extremely high at the moment with people betting the currency’s value will plummet. Yet some traders believe the massive BCH daily trade volume coupled with short positions at an all-time high is a recipe for danger for margin traders without equity and many short positions could get “rekt.” BCH/USD short positions on Bitfinex. Nov. 13, 2018. Many traders have also been watching the BCH futures markets on Poloniex with BCH-ABC and BCH-SV being swapped against USDC and BTC pairs. At the moment, BCH-ABC is trading for $385, USDC and BCH-SV is around $139 per token. Moreover, Bitfinex has announced introducing new “chain split tokens” (CSTs) on Nov. 13 allowing traders to swap futures with the CSTs that have the dedicated ABC and SV symbols “BAB” (ABC implementation) and “BSV” (SV implementation). It’s safe to say that lots of eyes will continue to remain focused on the BCH market activity and possible reaction before the fork. Where do you see the price of bitcoin cash and other coins headed from here? Let us know in the comments section below. Disclaimer: Price articles and markets updates are intended for informational

a day ago

Market Update Oct.13: Bears Are Back, Year-End Rally Nearby?

After a positive week for the alternative coins, a correction came to remind us of the risks involved with market volatility. However, the sharp declines have already been halted for the moment, getting closer to the dangerous $6000 zone. Ahead of the expected Fork of Bitcoin Cash hard fork, the price of the currency has risen by tens of percent and has attracted considerable interest from traders and investors who are eyeing the market. In light of the upcoming decisions regarding Bitcoin ETFs and other financial instruments related to the crypto markets, a trend has recently been initiated by regulators turning to large-volume crypto exchanges that affect the Bitcoin price and other altcoins in order to try to understand the price discovery mechanism. The end of the year is near, and November began with a positive altcoin trend. The recent price hikes brought a positive sign to the market. But if we put the prices of the coins aside and look at the development of the infrastructure, the number of companies, employees and the partnerships that are being formed, one might expect another bullish wave in the near future. Bitcoin continues to be the dominant and leading currency in the market and begins to show signs of stability with support around $6,200. Bitcoin dominance 52.2% | Market Cap: $211 billion | Trading volume: $10 billion Crypto News & Headlines SEC Charges EtherDelta’s Founder for Operating an Unregistered Exchange. The U.S SEC has heavily fined Zachary Coburn for operating an unregistered platform that allows people to buy and sell tokens that the agency had earlier marked as “securities.” Bitcoin Early Adopter Gave Away BTC Worth $100M: The Endless Dilemma. 15,678 BTC was given out in developer bounties by Jeff Garzik who started writing code for Bitcoin eight years ago. The developer is happy that Bitcoin is still around and doesn’t regret giving away that amount of wealth in the early days. VanEck: A Bitcoin ETF Approval Would Mean An In-Flow Of Billions Of Dollars In Investment. Gabor Gurbacs, VanEck’s Director of Digital Assets Strategy, has reaffirmed that the crypto markets will see an influx of investment in billions of dollars, whenever the long-awaited Bitcoin ETF is approved. Weiss Ratings Updates Cryptocurrency Ratings, Labels XRP, Stellar, Cardano, And EOS As “Buys.” The traditional asset rating company has added cryptocurrencies to their index and even gone a step further by recommending buys into XRP, XLM, ADA, and EOS which are among the top ten largest cryptocurrencies by market cap. BitMEX CEO: “We Don’t Trade Against Our Customers.” Arthur Hayes has seemingly replied to a pseudonymous crypto entity who said that their crypto exchange cares more about money than users. Such a thought is nonsensical according to the CEO. Charts Bitcoin Traded around $6,300 support in this range at $6,200 resistance at $6,400 we declined slightly because resistance at $6,500 was not breached. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'VnJqbSRh'; new TradingView.chart(tradingview_embed_options); Ethereum Against the dollar traded around $211 support still holds around $200. Resistance at $215 with the next step being built around $225. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = '13jn4ya1'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.032BTC support is being built around this resistance at 0.00333BTC after a failed attempt to break up the 0.034BTC. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'TifLS8FI'; new TradingView.chart(tradingview_embed_options); Bitcoin Cash Against the dollar trading around $540 and looking for support around $500 resistance at $650, after a sharp rise the correction has come. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'GCN9pFui'; new TradingView.chart(tradingview_embed_options); Against Bitcoin traded around 0.084BTC, and resistance in this range around 0.088BTC. The peak was at 0.098BTC, and this week the graph shows there is a change of trend in light of the fork. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_options.height = '475'; tradingview_embed_options.chart = 'DR6DOIFB'; new TradingView.chart(tradingview_embed_options); OMG Against the dollar, support holds around $3. Is this the floor? Traded around $3.20, resistance in this range $3.70. If we breach this price, we’ll get a confirmation that we have touched the floor. var tradingview_embed_options = {}; tradingview_embed_options.width = '790'; tradingview_embed_opti

a day ago

Stellar [XLM/USD] Technical Analysis: Bull tries to make an appearance in bear’s realm

The entire cryptocurrency market is seeing a strong bearish trend in the 24-hour statistics as per CoinMarketCap. At the time of writing, Stellar [XLM] is trading at $0.26 with a market cap of approximately $4.9 billion. XLM moved one position ahead by overtaking EOS yesterday and continues to retain its 5th position in the market. However, it can be noticed that the cryptocurrency has slumped by more than 3% in one day. 1 hour: The 1-hour chart of XLM shows uptrends extending from $0.266 to $0.285 and $.259 to $0.272. It also has a downtrend from $0.285 to $0.270, which is currently not testing any support levels. The Awesome Oscillator depicts the entry of a bearish trend as it is forming red bars on the histogram in the current time frame. The Klinger Oscillator has just taken a sudden bullish crossover and has started to move above the signal line, demonstrating a possible short-term bull run in the next couple of hours. Bollinger bands have started to converge, indicating a reduced volatility in the market. This comes after an irregular Bollinger cloud formation in the past. 1 day: The 24-hour chart of Stellar [XLM] shows a downtrend from $0.33 to $0.27, which is testing support at $0.20. The resistance levels are set at $0.28 and $0.33. The Parabolic SAR shows a prolonged bullish signal with the markers constantly staying below the candlesticks and moving in an upward direction. MACD is demonstrating a positive sign as the moving average line took a bullish crossover and the histogram is forming green bars. Chaikin Money Flow indicator has managed to stay in the bullish zone though it is gradually moving closer to the zero line. In spite of the overall bearish market trend in the past 24 hours, the inward money flow seems to be normal in the XLM market. Conclusion: Stellar might see an upward momentum as implied by the long-term indicators. There is a slight chance of bears taking over the market if the investor sentiments continue to diminish. The post Stellar [XLM/USD] Technical Analysis: Bull tries to make an appearance in bear’s realm appeared first on AMBCrypto.

a day ago

Daily Crypto Roundup 11/13/2018

Bitcoin shows strength relative to the 2013 bear market, as IBM works with Stellar, Amazon gains two patents, XRP continues its security classification battle, and traders bet on the future of Bitcoin Cash.

a day ago

Stellar Overtakes EOS To Become The 5th Largest Cryptocurrency And Craig Wright's Bitcoin SV Leads The Hashrate War

The State of The Market - November 13, 2018 BTC: $6,370.46 (-0.49%) ETH: $208.65 (-1.32%) XRP: $0.5232 (+3.46%) The crypto market continues to trade horizontally, with Bitcoin below $6,400. However, Bitcoin managed to bounce back from $6,350 on multiple instances today. Ethereum, on the other hand, failed to hold on to its support at $210. Also, Bitcoin Cash, after crashing from its high of $635 last week, managed to find its support at $500 and is currently trading at $535. In other news, Bitfinex has announced the launch of Chain Split Tokens (CSTs) for traders to trade the upcoming Bitcoin Cash fork. Both Bitcoin ABC and Bitcoin SV will be available on the exchange under "BAB" and "BSV" tickers, against BTC and USD. However, margin and leverage will be unavailable. Also, Nouriel Roubini, infamously known as Dr Doom tweeted that it was only a matter of time before the FBI 'cracks down' Monero (XMR), a privacy-focused cryptocurrency. A few days ago, he compared cryptocurrencies to North Korea, and Vitalik Buterin as its dictator. 1) Stellar Lumens (XLM) has overtaken EOS to become the 5th largest cryptocurrency by market cap. XLM posted impressive gains over the past two weeks as news of a $125 million airdrop by Blockchain was announced. To date, the altcoin has rallied 27%, and this helped XLM to bump EOS from the top-5. Blockchain planned the airdrop 1-year ago, and Blockchain CEO Peter Smith said that airdrops are "a great way for crypto creators to drive decentralization and adoption for new networks." Meanwhile, EOS has been at the center of controversy as many holders believe the company operates more like a cloud computing service than a decentralized blockchain. 2) With the Bitcoin Cash fork scheduled for November 15, a majority of the network appears to support the Bitcoin SV camp, led by Craig Wright. At least 63% of the hashrate is currently supporting Bitcoin SV, while only 18% support for Bitcoin ABC. CoinGeek, SVPool, BMG Pool, okminer and mempool have announced support for Bitcoin SV. However, on Poloniex's futures market, BCHABC is trading at $415, and BCHSV is at $115. 3) Marshall Islands President Hilda Heine narrowly survived a vote of no confidence over national digital currency plans. Hilda Heine is the only female head of state in the Pacific region, and a no-confidence vote was called after a group of senators challenged her and her plans to support the launch of a national digital currency. The new currency, known as the Sovereign, would be an acceptable form of payment alongside the U.S. dollar. The vote in the legislature split the governing body equally, with 16 votes cast for and against Heine's removal. Since a majority failed to approve the vote of no-confidence, Heine retains her position. (VS)

2 days ago

Goodbye EOS: Stellar Wins the Spot Among Top-5 Cryptocurrencies

CoinSpeaker Goodbye EOS: Stellar Wins the Spot Among Top-5 Cryptocurrencies Stellar Lumens (XLM) has managed to win over EOS, now XLM is the 5th largest cryptocurrency in the world by its market cap. Goodbye EOS: Stellar Wins the Spot Among Top-5 Cryptocurrencies

2 days ago

The Week: SEC Charges EtherDelta Founder, $125 Million Airdrop, Tether’s Bank In Trouble

Despite flat markets, there were significant developments this week, the Stellar Development Foundation, announced a $125 million community airdrop, bolstering the price of Stellar by 12.8%. The SEC charged EtherDelta with operating an unregistered security exchange and Tether’s new bank - Deltec - has been caught in another bribery case.

2 days ago

Cryptocurrency Trading Update: NEM Back Over $1 Billion Market Cap

FOMO Moments Markets are still generally flat; Nem, Zcash, XRP, and Iota climbing, Stellar and MOAC sliding. Red is still dominating most cryptocurrencies this morning as the slow selloff continues. Downward pressure has eased somewhat though and total market capitalization has not fallen that much overnight, it remains above $210 billion for now. Over the...

2 days ago

EOS Technical Analysis: Price to see an upward momentum with short-term bull run

November 12 witnessed another staggering moment of the crypto market when EOS was overtaken by Stellar [XLM]. During the last week of April 2018, EOS had grabbed the fifth position on the cryptocurrency market list and has been holding its position constantly since then. However, the cryptocurrency has been moved one position below by its market cap today. At the time of writing, EOS is trading at $5.39 with a market cap of $4.8 billion. The coin has witnessed an insignificant gain of 1.6% in the past 24 hours. 1-hour: EOS 1-hour chart | Source: TradingView In the one-hour chart of EOS, we can see an uptrend from $5.33 to $5.44 and a dominating downtrend extending from $5.78 to $5.46. The Aroon Indicator is demonstrating an uptrend with Aroon Up line crossing the Aroon Down line. However, a slight downtrend is also being experienced during this timeline as the Up line moving downwards. The Awesome Oscillator stays bullish as the histogram displays green lines forming above the zero line. Chaikin Money Flow graph is above the zero line, indicating the inflow of an ample amount of money. 1-day: EOS 1-day chart | Source: TradingView The one-day chart of EOS shows a downtrend from $14.13 to $5.7 and the price has set a resistance level at $10.4. The support can be observed at $0.49. The MACD has shown a slight bullish crossover with the formation of green bars on the histogram. The Bollinger Bands demonstrate less volatility in the EOS market as it’s forming a narrow path. Klinger Oscillator has also shown a bullish crossover as the reading line started moving above the signal line. Conclusion All the indicators in both the timelines are showing a bullish trend. However, the trend seems to be a short-term upward momentum since none of the indicators demonstrated a strong bullish signal. The post EOS Technical Analysis: Price to see an upward momentum with short-term bull run appeared first on AMBCrypto.

2 days ago

Swiss AI-Powered Stablecoin Becomes Halal to Attract Muslim Investors

Sharia-compliance finance is becoming a field of choice for several fintech companies as regulators and market participants in the Middle East seem keen on attracting new business. Now, Swiss-based cryptocurrency firm X8 has become the latest to acquire an Islamic finance certification. Islamic Finance Certified for Mid-East Expansion X8 AG, a cryptocurrency and fintech startup based in Switzerland, has managed to obtain a certification for its digital currency from the Shariyah Review Bureau (SRB) - an Islamic advisory firm which is fully licensed by the central bank of Bahrain, Reuters reports. The move is supposedly part of its plans to expand towards the Middle East. SRB has also recently issued a certification to Stellar and its cryptocurrency Lumens (XLM) 00. Speaking on the matter was Francesca Greco, X8’s director and co-founder, who noted: The Gulf region is a really good place for financial technology companies, because they all want to become hubs for fintech. According to Greco, the region has managed to create a somewhat welcoming environment for fintech companies, while also being wary of cryptocurrencies. Purportedly, though, this gives an opportunity for stablecoins to thrive. It’s worth noting that X8 has issued a cryptocurrency called X8X token 00 based on the Ethereum network, which is supposedly backed by eight fiat currencies and gold. Pumpcoin’s Broad Buzzword Dictionary X8’s cryptocurrency, however, turns out to be a tad bit more complicated than you might expect. Apparently, the company issues both X8X utility tokens (X8X) and X8 Currency (X8C). Of both, only the former is listed on CoinMarketCap. The second one is the stablecoin in question. According to the company’s website, their “currency” (X8C) is managed by financial Artificial Intelligence (AI) and features things such as Automatic Reserve Management (ARM). As if that’s not enough, the website also labels it as the “most stable Crypto Currency.” To top it all up, the currency is now Shariyah-compliant as well. Unfortunately, this stablecoin can only be traded if the user holds the corresponding amount of the company’s utility token (X8X). Interestingly enough, according to the project’s official website, the utility token, the sole function of which is to enable X8C trading, is already available for buying while the stablecoin is “coming soon.” What do you think of fiat-backed stablecoins? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock; CoinMarketCap. The post Swiss AI-Powered Stablecoin Becomes Halal to Attract Muslim Investors appeared first on Bitcoinist.com.

2 days ago

Daily Cryptocurrency News - 12th November 2018

Here are the most important headlines of 12th November 2018 in the cryptocurrency space: IOTA Invited To The Frankfurt European Banking Congress, Bosch & IOTA Explained It seems like IOTA will have a productive November. Among the top speakers from the financial sector - there’s also a representative of IOTA. Dominik Schiener, the Co-founder of IOTA token will talk at the Economic Congress Germany. The topic of the discussion will be about the chances of DLT for companies - more exactly: The Blockchain Revolution - a Business Opportunity?. The news were officially reported by Sueddeutsche.de - a well known news website from Germany. These could be great news for IOTA - as Dominik is among the few speakers not working in the Financial sector only. Besides, this could be a great opportunity for IOTA to establish partnerships with multiple German businesses and grow IOTA to its full potential. Moreover, Bosch recently launched an article explaining everything that a person need to know about IOTA, XDK2MAM and Bosch XDK. In that article, Bosch explains how an ecosystem development bridges IOTA and the XDK. More details can be found in the Bosch’s article about IOTA and Bosch XDK. Decentralized Exchanges - The Latest SEC Victim As you may know, SEC doesn’t really like ICOs. But now, they move forward to another cryptocurrency related service - the decentralized exchanges. According to the U.S. Securities and Enforcement Commission, there was a chage of $400,000 against Zachary Coburn - the founder of EtherDelta. The reason for this was the fact that a decentralized exchange mainly ‘sells the same kind of tokens as the ICOs - the ERC20 tokens’ and SEC considers those as being ‘unregistered securities’. Coburn didn’t complained about this, and decided to pay the settlement fee. But this is the first time something like this happen on a decentralized exchange - and as SEC hinted: there are many others to follow. The Coburn’s cooperation lead to no other greater penalty - but left the cryptocurrency world asking - is this the end for decentralized exchanges? what strikes me most about the @SEC_News action against @EtherDelta is:- small disgorgement of $300k- only $75k penalty for operating unregistered exchange w >3M trades- co-operation listed as reason for not penalizing further overall, seems very ... positive? pic.twitter.com/ypmdOGSO6N — Meltem Demirors (@Melt_Dem) November 8, 2018 Probably not. But the future isn’t so bright for the decentralized exchanges - as most of them now need to implement a KYC procedure and delist any token with a security-like property. ShaepShift and IDEX became the first ones that adapt with this news, introducing KYC rules to their peer-to-peer exchanges. Even if the decentralized exchanges will still be active in the future, the fact that the anonymity part will disappear is not bringing any joy to the crypto communities. Japan’s GMO - Massive Q3 Performance on Crypto-Related Businesses The Japanese GMO launched its Q3 report today, 12th November 2018. Even though the market seems to be on a lower level than last year’s bull run - the cryptocurrency part of GMO is growing steady. To summarize it: The mining equipment production and the crypto exchange brought 2.6 Billion yet in revenue ( $22.8 Million) - only in the Q3 part of this year, at only 1 year since they launched it. GMO coin - an exchange platform launched by GMO - now have 208,000 users trading about 89 Billion yen ( $781 million) only in October The profit is up 34.4% , speaking from a quarter on quarter basis The October mining hashrate was 674 petahash per second (PH/s) - but they’re planning to reach 800 PH/s until the end of 2018 Company changed their ticket from GJY to GYEN GMO also reported the creation of the cryptographic stablecoin in early October - available for international trading in 2019. This stablecoin will be tied to the JPY pair - being the first one in its existence. More details about GMO can be found in the ‘GMO Q3 Report‘ The Coinbase Bull Effect - Zcash, Stellar & Cardano Slowly Increase In Value After the successful listing of 0x and BAT - Coinbase is now preparing to list ZEC, XLM and ADA.This lead to an increase in trading volume as well as a small increase in price for these cryptocurrencies, as investors are preparing for the Coinbase listing effect - a small bull run followed by a slow decrease. Since 0x was listed on Coinbase, Cardano (ADA) saw an increase in price from $0.069 to an high of $0.08 and is now trading at $0.076 - with a 1% increase for today. The trade volume for Cardano (ADA) for today is a $24.7 Million - a massive increase from the $13-$18 million prior to 0x being listed to Coinbase. Stellar Lumens decreased to $0.20 on the date when 0x was listed to Coinbase, but increase by 20% in only a matter of days. Stellar Lumens reached today a peak for October and November, reaching a value of $0.284 - a 30%+ increase since 0x was listed on Coinbase. The trading volume

2 days ago

Zcash (ZEC) Among the Few following NEM’s Stellar Performance

With Coincheck reinstating the trading of the 17th largest cryptocurrency by market capitalization - NEM, the coin rocketed upwards with 16.52% gain in the last 24-hours. The re-listing of the digital asset came over 10-months later after one of the biggest crypto-verse hacks in history. More than $0.5 bln worth in NEM tokens were taken from the leading Japanese exchange. Source: coinmarketcap Getting back to Zcash - for starters: Professor in John Hopkins University - Matthew D Green - in 2013 introduced the protocol named Zerocoin. At that point it was representing an extension protocol for Bitcoin’s network to gear up the blockchain privacy game. With it users were able to destroy the coins while returning an equal value of them later. Drastic improvements were made later on with the zk-SNARK or Zero-Knowledge Succinct Non-Interactive Argument of Knowledge protocol introduction which could also present a solution for Ethereum’s scaling as highlighted by Vitalik Buterin. We’re rolling out more USD pairs. On Sep 5 we’re launching US dollar (USD) markets for Cardano (ADA) and Zcash (ZEC). Eligible #Bittrex accounts created before August are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/pzCry5OdTr — Bittrex (@BittrexExchange) August 29, 2018 Per time of writing, the privacy oriented virtual currency, is following Ripple’s XRP and NEM’s bullish performance with a break above the monthly declining trend which now is acting as a supportive ground for further increase. Source: coinmarketcap - Since Aug Performance However, despite reaching the level of $132.35 against the US Dollar, ZEC is struggling to overcome the major weekly $136.00 which resulted with slight correction. One rabbit-out-of the hat that could turn to a game changer for ZEC HODLers could turn the crypto-exchange Coinbase listing that is being predicted following ZRX and Basic Attention’s Token announcements. The exchange posted via twitter that it is experimenting with a few of the leading coins and ZCash was among the five chosen. The post Zcash (ZEC) Among the Few following NEM’s Stellar Performance appeared first on Ethereum World News.

2 days ago

Stellar Overtakes EOS to Become the Fifth Largest Cryptocurrency by Market Cap

Stellar Lumens (XLM) has surpassed EOS as the fifth-largest cryptocurrency by market capitalization on Monday, November 12. At press time, XLM’s market cap, according to data provided by CoinMarketCap, was $5,1 bln, while EOS stood at $4,9 bln. Reaching its 3-month high in USD, the cryptocurrency peaked at $0.283 (0.00004430 BTC) at around 06:00 UTC

2 days ago

Daily Cryptocurrency Markets Update: Monday, November 12

Across the vast majority of digital currencies this morning, markets seemed vanquished as most chart patterns showed red. The downward trend was felt across most of the top cryptos with a small section of coins recording a slow upward surge. Coins such as Stellar (XLM), Cardano (ADA) and ZCash recorded an upward move perhaps owing to the news that they will soon be listed on Coinbase. Stellar was up by 6% to trade at $0.27, Cardano gained up to the $0.077 mark before settling at $0.075. Additionally, the upcoming Bitcoin Cash Hard Fork on November 15 has had the effect of lowering BCH prices. Image Via Coin360 Bitcoin (BTC/USD) Over the last 24 hours, some slight alterations have been witnessed on the charts. For starters, Bitcoin underwent market correction to overcome its recent slight drop. It is currently exchanging at $6396 against the U.S. Dollar up from $6344, representing about 0.2% growth. On one day charts, the 7-day moving average is above the 21-day moving average, an indication that a bullish momentum is in the works. The Relative Strength Indicator (RSI) is stable on the charts, showing that the periods of extended stability for the leading cryptocurrency by market capitalization are on. Experts have indicated that the periods of increased stability and reduced volatility are ‘the calm before the storm’ that will see a major upward surge as the year comes to a close. Bitcoin Cash (BCH/USD) With a scheduled protocol upgrade on November 15, opinions are divided on the future of this digital coin. While one chain wants the coin’s block size increased, another one is opposed to it. Investors have therefore moved to dispose of their BCH holdings. The increased supply of BCH has pushed the prices down. It has lost about 20% of its value over the previous week and is currently trading at $517. Ethereum (ETH/USD) The second largest digital coin by market capitalization was also marked in red as it lost ground from its stellar performance last week. It is currently trading at $210 with its stability intact. This follows news of its hundred times capacity upgrade as announced by Vitalik Buterin. The post Daily Cryptocurrency Markets Update: Monday, November 12 appeared first on ZyCrypto.

2 days ago

Riding on Coinbase Listing Update, Stellar Gains Fifth Spot Leaving Behind EOS

Stellar Lumens or XLM has become the fifth largest cryptocurrency by winning over EOS. It stands with market cap $5,093,506,793 as against $4,915,473,123 of EOS. Factors leading to Stellar’s win over EOS Coinbase has recently announced the listing of several new assets to its exchange which also includes Stellar. It announces the listing of Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and Ox (ZRX). Earlier this week, Stellar Development Foundation heads up for the biggest airdrop in crypto history. Interestingly, the total of $125 million worth of Stellar Lumens (XLM) will be released as a give away to its blockchain wallet users. This has definitely risen up the XLM market to interesting highs as more people are showing interest, seeing quite a big fund for giving away. Yet another reason that marks Stellar on top than EOS is “Fake EOS wallet on Google Play”. EOS RIO, EOS developers has been seen warning its users to save from the use of fake version of its App on Google Play, which has negatively affected the volume of EOS cryptocurrency. Since the market is volatile in nature, one cannot definitely state the literal stand of any cryptocurrency. It is however interesting to see whether the price of Stellar is influenced by $125 million airdrops or Coinbase listing announcement or spotlight of Fake EOS wallet on Google Play. Will stellar sustain its position against EOS. Let us know in comments below. The post Riding on Coinbase Listing Update, Stellar Gains Fifth Spot Leaving Behind EOS appeared first on Coingape.

2 days ago

Singapore Based Rate3 Brings Asset Tokenization to Enterprises

With the evolution of the blockchain, tokenization of assets is becoming an important facet of the crypto economy. Rate3, a Singapore based company is also looking forward to creating an ecosystem where money, real estate, stocks, time and intellectual property can be tokenized, using applications built on public blockchain networks. The company is working to make its vision come true, using the Ethereum and Stellar blockchains and $17 million in funding. The Available Tokenization Market Rate3 values the tokenization market for addressable assets at $700 trillion, and the company intends to get a slice of this vast potential economy. It is banking upon the numerous benefits of the blockchain, which includes cheap transactions and fast settlements around the clock. The company recently received $17 million in funds from Insignia Ventures, Alpha JWC, Matrix Partners China, Node Capital, Fenbushi Digital and FBG Capital to create solutions that could help in creating tokenized assets on the blockchain. Rate3 CEO Jake Goh said that tokenization is the first major milestone that brings enterprises closer to the open, public blockchains. He said: “We envision a future whereby all assets of material value will become tokenized and easily transferable on blockchains. This will greatly add to the liquidity of the asset and in turn improve the enterprises’ working capital position and operational efficiency.” Solving Real-world Problems With Tokenization Two major problems could be cited with enterprises in regards to blockchain adoption. First, there is a lack of secure and common legal framework that binds real-world assets to digital tokens. Secondly, the identity ecosystem remains fragmented. Rate3 will solve these two issues by working with independent, licensed trust companies that could provide absolute legal guarantees of asset ownership. The model depends on transparency and confidence that a token holder is fully locally compliant and can opt for legal recourse should his ownership of an asset come under question. The two platforms to be used for the new solutions would be Ethereum and Stellar. Ethereum’s Turing-complete programming language and the payments-optimized design of Stellar will help the company in creating applications that foster faster and cheaper transactions. Rate3 brings interoperability for the two ecosystems, utilizing the benefits of each of the public blockchains. Singapore Based Rate3 Brings Asset Tokenization to Enterprises was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2 days ago

XLM climbs up on Binance’s list to become the fourth most-traded cryptocurrency

Stellar Lumens has overtaken Ripple’s XRP to become the fourth most-traded asset on Binance. XLM has been consistently on the news last week with a barrage of announcements as it overtook EOS and became the fifth-largest cryptocurrency [by volume]. Source: Trading View XLM is now the fourth most-traded asset on Binance, just after Bitcoin [BTC], Bitcoin Cash [BCH] and Ethereum [ETH]. However, XLM’s current trading volume on Binance exchange for XLM/BTC pair is $27.21 million, while XRP’s trade volume for XRP/BTC pair is $19.65 million. Moreover, the XLM/USDT trading volume is $12.76 million while that of XRP/USDT is $13.79 million. Cumulatively, the XLM trading volume comes up to $40.33 million while that of XRP is $33.06 million. Bitcoin Cash [BCH] is currently the number one against the BTC trading pair, with trading volume of $62.29 million, and has a trading volume of $38.99 million with USDT pair. Bitcoin paired with USDT has a trading volume of $62.14 million and contributes a total of 11.40% of the total trades on Binance, while BCH contributes a total of $101.14 million in trading volume which is 18.59% of the total trades. Ethereum [ETH] has a total of $48.22 million in trade while, which is 8.85% of the total trading volume. The Ethereum ETH/BTC pair contributes $20.054 while that of ETH/USDT contributes $28.16 million. Stellar Lumens recently overtook EOS, which was at the fifth spot for the longest time. The trade volume of XLM, in a seven-day time frame, increased by an astronomical 125% to reach $121.88 million from a mere $54.07 million, while EOS’ market cap reduced to $4.89 billion. The post XLM climbs up on Binance’s list to become the fourth most-traded cryptocurrency appeared first on AMBCrypto.

2 days ago

Stellar Lumens Rallies to Take the #5 Spot Away From EOS

Data from CoinMarketCap shows Stellar Lumens (XLM) comfortably sitting amongst the top-5 cryptocurrencies. XLM posted impressive gains over the past two weeks as news of a $125 million airdrop by Blockchain was announced. To date, the altcoin has rallied 27% and this helped XLM to bump EOS from the top-5. Blockchain planned the airdrop about 1-year ago and Blockchain CEO Peter Smith said that airdrops are “a great way for crypto creators to drive decentralization and adoption for new networks.” Meanwhile, EOS has been at the center of controversy as many holders believe the company operates more like a cloud computing service than a decentralized blockchain. (RS)

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