Verge XVG

$0.0123
Market Cap $ 186.241 MM (#43)
24h Volume $ 2.718 MM
Chg. 24h: -3.76%
Algo. score 4.2/5  (#27)
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Verge News

Government Regulation and the Future of Privacy-Focused Cryptocurrencies

In recent times, governments around the world have charted a new course for cryptocurrency regulation, and it’s one that seeks to exclude privacy-focused cryptocurrency. Moving away from the complete banning of digital currencies, these governments are tackling two core issues: protecting investors and traders, and making sure that cryptocurrencies avoid becoming breeding grounds for criminals. This trend has sparked many regulatory requirements, from anti-money laundering rules to KYCs. But as these governments intensify their regulations, we must ask ourselves what is the future of privacy-focused cryptocurrencies geared toward maintaining user privacy to the core? Anonymous Coins: Living Up to Their Names In its developmental stages, Bitcoin had earned a name as a cryptocurrency that provides complete anonymity to its users, drawing many privacy lovers to it. Today, that notion has changed completely. Though it might not be possible to trace transactions made on the Bitcoin blockchain to a specific identity, other details, including location and amount of transactions, are visible. And the fact that linking your identity to the blockchain will expose your transactions to the public ledger shows that, after all, the world’s largest and most popular cryptocurrency isn’t completely anonymous. In turn, privacy coins have come to save the day. Beginning its journey in 2014 as Xcoin and later Darkcoin, Dash is one of the most popular privacy-focused coins in the cryptosphere. Its privacy feature PrivateSend, previously called Darksend relies on the CoinJoin mechanism of boxing-up transactions and making them difficult to identify participants of a particular transaction Another popular privacy coin is Monero. Developed through the CryptoNight Proof of Work protocol, Monero has risen to be one of the best privacy coins in existence today. Transaction sources and destinations are untraceable in Monero. For example, to escape scrutiny from authorities, the WannaCry ransomware hackers reportedly converted their hoard to Monero. Additionally, after the closure of the darknet marketplace AlphaBay, authorities reported that they could not identify the amount of Monero on the platform, cementing the privacy coin as a good place not just for privacy-oriented individuals, but as a hiding place for some criminals. Other privacy coins have sprung up and gained popularity as well, including Zcash, PIVX, Navcoin, Verge, among others. For proponents of the privacy coin, cryptocurrencies should be able to help privacy-oriented people conduct their financial transactions without prying eyes. Providing that infrastructure shouldn’t be a headache. But unfortunately for many, governments do not think so. Government Crackdown on Privacy Coins Though there has not been a comprehensive regulatory oversight on cryptocurrencies in general, many governments are devising ways of preventing criminals from using these digital currencies as their go-to financial system. These governments are also making sure that traders and investors in this space pay tax. But for privacy coins, the story is not that favorable even though many authorities haven’t turned their attention to the anon coin sector. In a written testimony in June this year, Deputy Assistant Director of Office of Investigations at the US Secret Service Robert Novy recommended that privacy-focused cryptocurrencies like Monero and Zcash should be regulated to prevent fraud. In May, Japan’s Financial Services Agency put pressure on anonymous cryptocurrencies, gingering crypto exchanges like Coincheck, a Japanese-based cryptocurrency exchange to announce its delisting of privacy coins, including the likes of Augur, Monero, Dash, and ZCash. The reason? Coins that grant a high level of anonymity might be used for money laundering activities according to the FSA. But can Privacy-Focused Coins be Stopped by Governments? Government regulation would surely hamper the growth of privacy coins, but not completely. One specific area that would be hard hit is the ability to exchange these coins for fiat or other cryptocurrencies. However, as the cryptocurrency space grows, privacy would be an integral part of this sector, and privacy coins might potentially rule that space. As Chief Marketing Officer for Dash Fernando Gutierrez puts it, There are many legitimate reasons to want privacy in the cryptocurrency space and there is the obvious consideration about privacy being a human right but then there is the huge issue of security. Having financial information public or semi-public is extremely dangerous. The only way to provide security for the average user is to allow them to keep some information private. When cryptocurrencies find their way into the mainstream and become a true internet money as many predict, privacy coins would be the order of the day for people who don’t want to have a public ledger of their everyday transactions. When the time comes, governments might have to co

a day ago

How To Choose An Altcoin

Altcoins have taken the brunt of the 2018 bear market losses, with some even losing ninety to one hundred percent or more of the gains made at the end of 2017. As the market stabilizes, smart investors will be looking to put their money into projects with substance and potential. The Golden Age Of Altcoins The end of 2017 brought great fortune to those who invested in cryptocurrency. Initial Coin Offerings (ICOs) exploded in popularity and many new investors found that they could throw money into practically any project using blockchain technology and cryptocurrency, and make back huge percentage gains. Suddenly, projects with nothing more than vague, long-term roadmaps were being funded left and right by investors who were brand new to the space. Investors who were blindly putting money into hyped up, flavor-of-the-week coins without so much as researching the goals and plans of the projects. The current 2018 bear market has been a valuable, albeit expensive lesson into what actually makes a project worth your hard-earned time and money. A New Era Investors should always do their due diligence when it comes to putting money into anything. Projects with actual working products and utility will have the most potential for profits when the next bull run kicks off. Historically, the final quarter of the year has been the best time for explosive growth and important project announcements and releases. NAGA is a prime example of a well-rounded blockchain project which has an underlying cryptocurrency, the NAGA Coin (NGC), that can be used in its expansive and multifaceted ecosystem. The NAGA Coin token sale ranked 2nd (2017) amongst top ICOs in terms of investor base with more than 63,000 investors and continues to develop and release resources for its platform, including a global market trading platform, a safe and secure software wallet, and a physical card that supports USD, EUR, and GBP. NAGA currently boasts seven working financial products, with another six that will be available soon. All of these integrated and complementary products set NAGA apart from the crowd. A Leg Up There are currently over two thousand cryptocurrencies listed on CoinMarketCap, ranked in the order of market value. It is important to note that the failure rate for ICO projects is a staggering 92 percent, with an average lifespan of only 1.22 years. The 2017 bull run caused ICO valuations that seemingly prioritized hype over real-world use. Digging deeper into some of the projects in the top 100 raises some flags. Take, for example, Verge, Dentacoin, and Monacoin, ranked 13th, 74th, and 75th respectively. Verge (XVG) is a privacy-centered cryptocurrency with little to offer other than a software wallet and the ability to transact the currency between them. It has also suffered multiple large-scale thefts on its network, yet remains in the top 50 cryptocurrencies in terms of market cap. Dentacoin is a blockchain solution for the dentistry market that debuted nearly one year ago. The project is quite niche and seems to only be useful as a dental hygiene education application. Monacoin is another decentralized payment solution clone similar to so many others in the saturated market. Fierce competition and innovation will eventually render many of these projects obsolete in the future. The team at NAGA, however, are constantly adapting and creating products that help give investors a leg up on the traditional and cryptocurrency markets and have far more intrinsic value than a large number of its competitors. What are some things that you look for when researching to invest in an altcoin? What are your thoughts on NAGA’s fintech ecosystem? Let us know your thoughts in the comments below! The post How To Choose An Altcoin appeared first on Bitcoinist.com.

a day ago

Verge (XVG) Upgrades its Desktop, iOS and Android Wallets

Verge recently announced that the firm integrated a variety of upgrades to its XVG wallets. The desktop wallet now provides faster response time and is easier to use due to a global balancing feature. The user interface was also improved to make it easier for holders to import and export tokens. The new wallet also automatically encrypts the user’s private keys and mnemonics and a password is required to start the desktop wallet. iOS users can now use a QR code to receive XVG and payment requests can be made automatically. QR codes can be shared via social media, airdrop, printing or through the iOS share options. XVG holders will be pleased by the company's effort to bolster security as Verge was the victim of three serious attacks in 2018. (RS)

2 days ago

AurumCoin Claims Cryptopia Refutes a 51% Attack Resulting in Lost Funds

There are some serious allegations in the cryptocurrency world. Dirt slinging has, unfortunately become all too common. Even so, every single bit of potentially disastrous news needs to be taken into account at all times. The AurumCoin team claims the Cryptopia exchange will not confirm a 51% attack against the network caused nearly 16,000 AU (worth roughly $200,000 at the time of writing) to be lost in the process. What AurumCoin Claimed has Happened When it comes to altcoin networks, a 51% attack is always a very prominent threat first and foremost. Any network is subject to such attacks, although not all of them will suffer from such incidents. In the case of Bitcoin Gold and Verge, 51% attacks have disrupted their respective networks in the past year and a half. It now seems AurumCoin is the latest to fall victim to this particular development According to the project’s website, a successful 51% attack against the network was conducted. This attack forced nearly 16,000 AU to end up in the wrong wallet, as the transfers to Cryptopia were never confirmed. When issues like these arise, there is a growing concern as to who is responsible for the missing coins and how the situation will be addressed moving forward, Although this theft appears to be a genuine concern, Cryptopia is - allegedly - unwilling to take any action to resolve the matter. The company is not necessarily planning to admit there is a problem. As such, its users are trying to reclaim any lost funds without much success. It is unclear if these missing AU pertain to funds being transferred to or from Cryptopia. One has to keep in mind crypto exchanges cannot take full responsibility if something happened outside of their control. If someone attacks the AurumCoin network at an opportune time, there is no “window” for exchanges to freeze transactions. It is unfortunate for those who lose money because of such incidents. However, service providers can only do so much, as they are not directly responsible for the security of individual networks. For the time being, it remains unclear what will happen to AurumCoin or the missing funds. If the funds is in control of a hacker, they will most likely never be returned tot he rightful owner. If the transactions were never broadcasted, the funds should be recovered without too much friction. As such, there are a lot of unknowns where this incident is concerned. Incidents like these highlight the need for cryptocurrency enthusiasts to take full control over their funds at all times. Relying on centralized exchanges is and always will be problematic, for a wide variety of reasons. Although Cryptopia seemingly isn’t to blame in this regard, it is evident they are caught up in the situation. An unfortunate turn of events for the cryptocurrency industry, although it will not be the last 51% attack either. The post AurumCoin Claims Cryptopia Refutes a 51% Attack Resulting in Lost Funds appeared first on NullTX.

3 days ago

Which Cryptocurrency Will Ignite the Next Crypto Market Explosion?

The stage seems to be set for a dramatic cryptocurrency price surge, like the one we experienced in 2017. However, Bitcoin, the world’s largest digital currency, might not be the one triggering the explosion this time. What’s Next for the Cryptocurrency Market? This year has been horrendous for the crypto market. Some digital currencies have lost 80 percent from the all-time high values they achieved in January 2017. However, for some economists, this dive to earth-bound values might turn out to be beneficial for the market. In effect, referring to the depressed crypto market, economist and Bloomberg opinion columnist Tyler Cowen writes, “But perhaps that development is precisely what we need for crypto to take the next step forward.” For the past several weeks, Bitcoin’s price has been increasing modestly but steadily. Indeed, as of this writing, Bitcoin’s volatility index for the latest 30-day estimate is 1.55 percent, and for the most recent 60-day estimate is 1.54 percent. Investors find Bitcoin’s low volatility encouraging because it might help Bitcoin 00 to gain traction as a payment method and as ‘digital gold‘ for storing value. Moreover, the U.S. Securities Exchange Commission (SEC) might view Bitcoin’s low volatility favorably when deciding whether to approve or reject ETF Bitcoin petitions. In fact, low volatility might be evidence that price manipulation is receding. Now, many crypto analysts are expecting a crypto price explosion as the market has pretty much flatlined, which may be indicative of a possible bottom. In this regard, Anthony Cuthbertson writes, “cryptocurrency analysts believe the market might be on the verge of mirroring the gains it experienced in late 2017.” However, Cuthbertson notes, The only caveat is that it might not be bitcoin that leads the charge this time. Could ETH or XLM Be The Next Spark? The question is, if Bitcoin will not be the one igniting the rocket for the next crypto price explosion, then, which currency would be the catalyst? Ethereum, or a crypto-based on Ethereum, could be a candidate. According to Santiment, Ethereum-based networks “are done waiting for ETH to bounce back: they’re paving their own bull run.” And, Cuthbertson quotes technology expert Ian McLeod of Thomas Crown Art, who says that Ethereum “could be on the verge of a monumental, defining global breakout.” Or, the detonator could be a yet unknown crypto coin such as Stellar Lumens (XLM) 00. Blockchain announced that from November 6, 2018, it was giving away $125 million in XLM to its Blockchain wallet users who sign up for the airdrop. We'll be running the program over the next few few months, with distributions done daily in small tranches relative to the market. To participate head to: https://t.co/ker4VxVrTj — Peter Smith (@OneMorePeter) November 6, 2018 Blockchain’s rationale behind the airdrop is to drive decentralization and popularity, or use, of the network. However, let’s not discount the possibility that ten-year-old Bitcoin could ignite the next market explosion. After all, Bitcoin remains the largest cryptocurrency, and it continues to help businesses, such as financial services company Square, become profitable. Which cryptocurrency do you think will drive the crypto market to new highs? Images courtesy of Twitter/@OneMorePeter, Shutterstock The post Which Cryptocurrency Will Ignite the Next Crypto Market Explosion? appeared first on Bitcoinist.com.

4 days ago

Stellar (XLM)’s Most Awaited Breakout Is Only Weeks Away Now

Stellar (XLM) is on the verge of its most awaited breakout against Bitcoin (BTC). The past few months had us believe that XLM/BTC had already broken out of the symmetrical triangle but that proved wrong. However, the price has been trading above its long term trend lien and has not breached it even once. Now, the question is, “Which way is Stellar most likely to break out?” Historically, we have seen that the direction the price is trading before it enters a symmetrical triangle continues to be the direction of the price when it exits that symmetrical triangle. So, looking at this chart, we can see that the price was trading up before it hit resistance and fell into the symmetrical triangle. Therefore, it is reasonable to assume that the price will break to the upside. Stellar (XLM) has almost reached the full extent of its movement against Bitcoin (BTC) within the symmetrical triangle. There is no room for further movement. In fact, the price will have to take a decisive direction by December. Seasonality indicates that October to December is generally a bullish period of cryptocurrencies, so it is likely that we may see a breakout before then. Stellar (XLM) has seen a lot of interest during the past few months which has made it difficult for its price to slip below the $0.21 mark. Businesses as well as ICOs have shown interest not just in Stellar (XLM)’s use as a cryptocurrency but also in the Stellar blockchain. IBM seems to have done a good job at putting Stellar (XLM) in front of large corporations but it is just getting started and investors know it. Stellar (XLM) reached a price of just over $1 during its previous bull run. If the market continues the same trajectory and Stellar (XLM) continues to have a strong use case, XLM/USD is likely to cross the $2 mark during its next bullish cycle. Stellar (XLM) has also reached the full extent of its correction against the US Dollar (USD) and is now at a point of a trend reversal. The EMA alignment is also in favor of Stellar (XLM) bulls at this point. The 10 Day EMA has already crossed above the 21 Day EMA and the price is currently trading above both. The price is trading in a similar symmetrical triangle as in the case of XLM/BTC. If the price were to break out of this symmetrical triangle, it would trigger a lot of buy orders and the price can be expected to rally a lot faster than expected. Stellar (XLM) has room till December to remain inside the symmetrical triangle while trading against USD. The price is not likely to drop below the 10 Day EMA but it is also not likely to break out of the triangle at this time either. It has become a lot easier to turn the tables at this point, but there are no bulls at sight. The bears are running scared on most exchanges and we have already seen a massive drop in the number of shorts. Whether or not the price breaks to the upside remains to be seen, but regardless of its direction the breakout will be decisive and will likely determine the direction of Stellar (XLM) for months to come. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Stellar (XLM)’s Most Awaited Breakout Is Only Weeks Away Now appeared first on Crypto Daily™.

4 days ago

XLM Price Rises Again as $0.25 Provides Stable Support

As most of the cryptocurrency markets still remain in the red after the most recent correction, it is evident the chasing of profits intensifies. For altcoin speculators, Stellar appears to be checking a lot of right boxes. Its uptrend in USD and BTC value hasn’t gone by unnoticed, although retaking $0.3 will be quite out of reach. Stellar Price is Making a Big Move Although it is difficult to sustain any profits in the cryptocurrency industry throughout 2018, there are still opportunities materializing on a regular basis. In the case of Stellar’s XLM, things are looking somewhat promising for now. This is despite the asset losing over 1% of its recently regained profits in rather quick succession. Over the past 24 hours, there has been a 4% increase in XLM’s USD value, as well as a 5% gain over Bitcoin itself. That in itself is pretty bullish, all things considered, primarily because all other markets are seeing far less momentum at this time. For now, an XLM value of $0.26 is relatively solid, albeit there is room for some additional profits in the coming hours. The big news this week for Stellar is how the Blockchain wallet will airdrop $125m worth of XLM in the very near future. Additionally, it seems there is some additional price movement to keep an eye on. XLM has been a somewhat volatile asset as of late, although it seems things may be on the mend moving forward. that $XLM daily chart looks quite Stellar!#TACrypto #btc #bitcoin #crypto #cryptocurrency #altcoins #XLM #Stellar #fintech #IoT #tech #AI #SwingTrading pic.twitter.com/067fMkKE5F — PJ Morin (@pjmorin20) November 9, 2018 The TIE sees things in a rather similar light. Keeping a broad view on the crypto market sis of the utmost importance these days, primarily because there are many things brewing behind the scenes. Of the top 10 cryptocurrencies, most of them seem on the verge of rebounding fairly soon. Stellar definitely has a leg up over the competition in this regard, though. 6 of the top 10 #cryptos by market cap have positive 1hr price changes. Trading volume is above average for all 10 coins. #Stellar #XLM leading the way with a 3.93% 24hr increase in price on 74% increase in volume Price projections are neutral via https://t.co/NTt8ZqZcpm pic.twitter.com/jl5QzeWrdq — The TIE (@TheTIEIO) November 9, 2018 As is usually the case when cryptocurrency prices head either up or down, there will be additional arbitrage opportunities. For XLM, there are a few different opportunities. Selling on Binance, KuCoin, or HitBTC can yield surprisingly high profits today, although these gaps can close at any given time. Timing one’s trades correctly will always yield the best results. #XLMBuy at #Koineks and sell at #Binance. Ratio: 0.88%Buy at #Cex and sell at #Binance. Ratio: 1.36%Buy at #Cex and sell at #KuCoin. Ratio: 0.96%Buy at #Cex and sell at #HitBTC. Ratio: 1.03%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC — Arbing Tool (@ArbingTool) November 9, 2018 Current market indicators would suggest the XLM price will continue to rise a bit in the coming hours. No massive profits should be expected in this department as of yet, as it will mainly depend on how other markets rebound. For the time being, XLM has the best cards of all top 10 cryptocurrencies by market cap, but that situation can change at any given moment. 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 XLM Price Rises Again as $0.25 Provides Stable Support appeared first on NullTX.

5 days ago

Expert Opinion: Bitcoins Outlook Looks all Green Technically and Fundamentally While Altcoins Too Show Signs of Positivity

Note: “This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro.” Bitcoins outlook looks all green technically and fundamentally while altcoins too show signs of positivity Bitcoin breaks the technical triangle on the charts with all eyes now on 200-day moving average Not just technically, fundamentally too a lot seems in favor of the bitcoin After BCH and XRP runs, Ethereum seems to be on verge of a massive breakout Bitcoin slowly gaining strengthen technically as well as fundamentally Everything is falling in place for bitcoin to end the year with some sharp rally. As per technical analysts, Bitcoin has finally broken the triangle that it was forming since the start of the year. Although the breakout is not strong enough, all eyes are now on there prices to give a stronger break to the triangle as well breach the 200 daily moving average to confirm that the bear market is over. Another technical parameter that is falling in favor of the Bitcoin’s massive year-end rally is the famous MACD indicator which when applied to a crypto index highlights the positive divergence in the market. According to the article the MACD, or moving average convergence divergence, the gauge for the Bloomberg Galaxy Crypto Index entered its first positive divergence in a month. The move corresponds with an upward trend in Bitcoin, which makes up around 30 percent of the fund. Bitcoin is up for the seventh straight day and is at its highest level in two weeks, hovering around $6,500. It’s not just technicals, fundamentally too there is a lot of things falling in favor of the Bitcoin to ride the rally. Bitcoin’s TPS rate continues to grow, mining power has surged in the last few months, and scaling solutions like SegWit and Lightening are seeing increased effectiveness Game on for Altcoins as well to ride the rally Bitcoin is the leader of the crypto pack and all other altcoins mostly follow the sentiment that Bitcoin prices portray. Although this is majorly true but not always as sometimes alt-coins to take the lead something that we are witnessing from past one week. It was BCH first and then XRP. Now, what’s next. Well if the news has to be believed it could be Ethereum’s turn now. According to the article which was published in Forbes, speaks about services like Oracle which will allow programmers to incorporate real-world data into their smart contracts. Also, there are some positive words from Vitalik coming in on the new scaling solution for Ethereum known as Plasma which may end the misery. All this news is making Ethereum look pretty hot at the moment. It’s been one of the most beaten down cryptos over the last few months and lies way below it’s 200 daily moving average making the coin available at a good bargain The post Expert Opinion: Bitcoins Outlook Looks all Green Technically and Fundamentally While Altcoins Too Show Signs of Positivity appeared first on Coingape.

5 days ago

eToro Analyst: Bitcoin, Crypto To End 2018 With “Santa Claus” Rally

As 2019 looms, analysts have sought to discern where the crypto market could be heading next. While bearish sentiment is still a common sight, a growing number of industry pundits have overtly expressed their opinion that 2018’s crypto winter is on the verge of kicking the bucket. Crypto To Undergo “Santa Claus” Rally Although bears regained control of the crypto market on Thursday morning, reports, which cite a number of analysts and indicators, claim that a bullish picture is being painted for Bitcoin and its altcoin brethren. Bloomberg’s Vildana Hajric noted that the moving average convergence divergence (MACD) indicator pertaining to the Bloomberg Galaxy Crypto Index (BCGI), parented by Mike Novogratz himself, has “entered its first positive divergence in a month.” While a single indicator shouldn’t be the sole influence behind one’s investment decision, in the past, BCGI’s move from a negative to positive divergence has been a precursor to BTC rallies. Image Courtesy of Bloomberg This analysis lines up with Hajric’s previous crypto call, in which she noted that the Directional Movement Index (DMI) indicator is signaling for Bitcoin (BTC) to head higher. More specifically, DMI, a popular indicator of the trend strength of a publicly-traded asset, has reportedly “entered a new bullish phase,” just like MACD. Mati Greenspan, a senior market analyst at eToro, was in consonance with Hajric, with the long-time Bitcoin trader explaining to Bloomberg that “the technicals [in this market] look great,” which may be the harbinger of crypto’s next bull run. Boom!!! https://t.co/WXx9ptdcot — Mati Greenspan (@MatiGreenspan) November 7, 2018 Keeping in mind that technicals are far from the full picture, Greenspan noted that the “fundamentals are fantastic.” While this comment was vague, the analyst seems to be pointing to the impending launch of the Intercontinental Exchange-endorsed Bakkt, which will offer the industry’s first physically-backed BTC futures, along with other platforms poised to make a positive impact on the future of the crypto market. The eToro market specialist could also be alluding to the growth of crypto’s underlying ecosystem. ConsenSys-backed MetaMask, for example, recently breached its 1.3 million user milestone, further cementing the thought process that Ethereum remains a popular platform, even amid tumultuous market conditions. In terms of the institutional side of crypto’s coin, the likely catalyst behind Bitcoin’s next leg upwards, research done by Alex Kruger indicates that institutions remain enamored with digital assets. Per his calculations, an estimated $5.9 billion entered this market from the pockets of Wall Street bigwigs. To wrap up his comments into a dainty bundle, Greenspan, touching on his years of experience in legacy capital markets, noted: “All signs are pointing to a Santa Claus rally in the cryptocurrency market.” Mati’s call for a “Santa Claus rally” comes just days after Rand, a prominent digital asset trader and analyst, pointed out that this market has already broken out of a near-year-long falling wedge, which is a move of great importance. Rand, taking his astute analysis into account, then alluded to the fact that crypto could finally be undergoing its reversal phase, making it more than logical to assume that further rallies to the upside could be in the cards. Featured Image from Shutterstock The post eToro Analyst: Bitcoin, Crypto To End 2018 With “Santa Claus” Rally appeared first on NewsBTC.

5 days ago

Ethereum Price Watch: Currency Witnesses Steady Gains Over the Past 5 Days

At press time, Bitcoin’s closest competitor and the world’s second largest crypto asset by market capitalization, Ethereum, is trading at a respectable price point of $216.12. Additionally, as can be observed from the chart below, the premier currency has been able to scale up to around the $225 mark (twice) within the span of the past 5 days. This latest surge comes in wake of a sudden downturn that had engulfed Ether earlier this month and had sent the price of the asset below the sub-$200 range. Ian Mcleod: “Ether is on the Verge of a Massive Breakout” While the crypto sector at large seems to be mired by immense bullish action in recent months, there are analysts such as Ian Mcleod who feel that Ethereum is on the precipice of experiencing a ‘monumental’ shift in its value in the coming few weeks. Elaborating on his stance, Mcleod was not one to mince words when he said: “We can expect Ethereum to hit $500 by the end of 2018. Oracles, which help smart contracts gather information from the outside or “real” world, will help drive these price gains by bolstering Ethereum’s adoption”, However, coming back to a more realistic POV, in order for Ethereum to rise up to Mcleods’ predictions, the altcoin will have to experience an exponential gain of around 100% within the coming month or so— an event that does not look highly likely. Lastly, it is worth noting that Mcleods’ sentiments are being shared by other tech experts such as Mati Greenspan and Joshua Frank as well. In relation to the matter, Greenspan was quoted as saying: “The entire crypto market has been showing slow but steady gains lately. I could easily see this developing into a full on rally into the year end.” Ex-Google Chairman Sees Massive Potential in “Ethereum” In another major endorsement for Ethereum, Eric Schmidt, the Former Chairman of Google, stated in a press conference earlier this week that the premier digital currency was ‘underrated’ and that it possessed ‘massive potential’ within today’s burgeoning digital financial sector. Schmidt then went on to add that: “In the public format, overrated. In its technical use, underrated... Today, Blockchain is a great platform for bitcoin and other currencies. And it’s a great platform for private banking transactions where people don’t trust each other I think the most interesting stuff that’s going on is the beginning of execution on top of blockchain — the most obvious example being the capability of Ethereum. I ethereum can manage to figure out a way to do global synchronization of that activity, that’s a pretty powerful platform. That’s a really new invention.” Final Take At press time, ETH’s total market cap has risen and settled around a decent price point of USD $22 Bln. However, what the future has in store for the alt-asset market at large is anyone’s best guess. The post Ethereum Price Watch: Currency Witnesses Steady Gains Over the Past 5 Days appeared first on NullTX.

6 days ago

Ripple (XRP) On The Verge Of A Breakout As Price Action Repeats History

Ripple (XRP) has cleared its way against Bitcoin (BTC). The weekly chart for XRP/BTC shows that Ripple (XRP) has broken above critical EMA resistances and is now clear to take off. During Ripple (XRP)’s last cycle, we saw it forming four consecutive candles against Bitcoin (BTC) and made a new ATH. This pattern has also been repeated in the past and is very likely to be repeated again this time. If Ripple (XRP) were to form four consecutive candles this time, it is likely to break above a price of 0.00024 BTC and create a new all time high. At its current pace, Ripple (XRP) would be expected to reach that all time high around March, 2019. All technical indicators and market conditions are ripe for Ripple (XRP) to begin a new cycle against Bitcoin (BTC). RSI for the above chart is moving towards overbought territory which will make it difficult for Ripple (XRP) to print four consecutive candles like last time. However, it is expected to reach a new all time high nevertheless even if it involves retracements along the way. In late 2017, the price immediately shot up after a red weekly candle. That last red weekly candle marked the end of the altcoin correction and the beginning of Bitcoin (BTC)’s aggressive cycle which saw both Bitcoin (BTC) and Ripple (XRP) reaching new all time highs. Those who could compare previous cycles might have easily seen the connection and capitalized on the rally. The same opportunity is available once again. Ripple (XRP) has a long tradition of repeating the past and that too very closely. In the case of many cryptocurrencies, analysts and investors often believe that history may not repeat itself but it does rhyme. However, in the case of Ripple (XRP) history seems to repeat itself like a carbon copy. The circumstances this time are no different than the ones before when we saw previously rallies. If we look at the above XRP/USD weekly chart, we will see that Ripple (XRP) had just completed a correction in 2017 and was preparing for a rally. After the final week of capitulation, it took Ripple (XRP) almost eight full weeks to finally begin a new rally. Similarly, if we look at the current cycle, Ripple (XRP) completed its correction around September shown by the lowest level of RSI on the above chart. When Ripple (XRP) completed its correction in September, the price shot up next week in anticipation of a trend reversal. However, it had to retrace back to the trend line as that was a false signal. Still, if we compare this to the previous cycle, we will see that Ripple (XRP) has also formed eight weekly candles just after the last week of capitulation. In addition to that, the 10 Week EMA has now crossed above the 21 Week EMA. This is a very strong indicator that Ripple (XRP) is about to begin a new cycle and is on the verge of an explosive breakout. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Ripple (XRP) On The Verge Of A Breakout As Price Action Repeats History appeared first on Crypto Daily™.

6 days ago

Bitcoin, Ethereum, XRP, Stellar, & Verge Primed to make Big Gains: Report

The latest Finder report predicts the price movements of the 13 coins for this month end and next year end. Bitcoin (BTC), Ethereum (ETH), XRP, Stellar (XLM), EOS, and Verge (XVG) are forecasted to have a bullish scenario while Tron (TRX) and Bytecoin (BCN) are the only ones with losses on the horizon. Ending 2018 with Gains while More than 100% Surge in 2019 According to the latest Finder’s report, 10 panelists predict the movement of the top and most trending cryptos have been made where, “Of the 13 coins, our panelists forecast that on average, Verge will experience the greatest price growth by 1 December 2018 (76%). This is followed by Ether (32%) and bitcoin (29%).” It further adds, “The panel was most optimistic for XRP’s success, with an average predicted value rise of 327% by the end of next year. This is followed closely by Ether (211%) and EOS (189%).” First, by this month end, Tron (TRX) is the only one with a negative change in price. While by 2019 end, Bytecoin is the one with the 5 percent loss. As for the coins that will be making the highest gains: Bitcoin (BTC) is predicted to be at $8,200 by December 1 while by the end of next year, it will see $16,732, a rise of about 164%. One of the panelists Joerg Molt says, “On November 15th, taxation begins. People run in BTC like last year and will sell off in mid-January to get the cut.” While Aaron LePoidevin says, “Bitcoin is currently struggling to demonstrate any promising price movement on the upside and seems to have found some stability for the moment.” Ethereum (ETH) will touch $261 by this month end as per Finder’s forecast while with a 211% surge, it is predicted to hit $615 by 2019 end. Genson Glier says, “Once Casper is up and running, it will increase the speed and capacity of the network.” With over 300% rise, XRP is predicted to hit the next year end at $1.90 while November end will see it at $0.57. “Sideways and holding, looks set to continue,” says the panelist, Craig Cobb. Stellar Lumens (XLM) will see a 28% growth by 1 December 2018 at $0.28 and $0.45 by 2019 end. Joseph Raczynski says, “Another platform that is coming along slowly but with promise,” while Tiana Laurence comments, “A more friendly XRP?” Verge (XVG) which has been silent for a long time now is predicted to see a revival with the highest surge of 76% by this month end at $0.024 and $0.028 by next year end. Panelist, Genson Glier gave the highest prediction for both 1 December 2018 and for the end of 2019 — at $0.056 and $0.068, respectively. EOS is also forecasted to have a bullish overview at $5.83 by November end while hitting $14.87 by 2019 end. “EOS raised a lot of money and if they are successful at creating an alternative to Ethereum, then there will be a larger demand for their crypto,” says Tiana Laurence. While Joseph Raczynski shares, “Sitting in the top 5, EOS is still working out the kinks, but has loads of promise in the coming year.” The post Bitcoin, Ethereum, XRP, Stellar, & Verge Primed to make Big Gains: Report appeared first on Coingape.

6 days ago

Three Cryptocurrency Investment Tips to Newbies

Cryptocurrency investment has become the new deal in the financial market. The popularity of this investment field has attracted a lot of interest with people asking “what cryptocurrency investment is all about.” From a few questions I have encountered and my experience in the field, I have gathered three essential lessons that crypto investors should know. Many people go out there and buy a cryptocurrency of their choice, expecting the coin to make them billionaires overnight, or expecting nothing but continuous rise in price. The complete belief in the cryptocurrency makes people sell their properties or even use their life-saving earnings to invest in them. This post seeks to give three lessons focusing on the aspect of cryptocurrency investment that deals with buying digital assets and selling them when the price rises. Do Not Expect 1000% Rise overnight. Even though the cryptocurrency market is highly volatile and can rise by an unexpected magnitude, no cryptocurrency investment scheme can give you a 100% guarantee of a massive return within a short period after investment. There has been a lot of times experts have predicted an insane rise in the price of Bitcoin and other altcoins but ended up moving in the opposite directions. John McAfee, a renowned cryptocurrency expert, predicted that Verge would trade at $15 by mid-2018, but what happened? Verge ended up trading at $0.002. The cryptocurrency market is very responsive to harsh environments, ranging from government crackdowns to cryptocurrency exchanges filing for bankruptcy. Regardless of these, the market can make a bull run at its own time. Do Not Invest in Cryptocurrency With Life Saving Earnings In late 2017 to early 2018, there was a report that a family had sold their properties to invest in Bitcoin. Around that time, Bitcoin was trading above $10,000. Their reason for making this bold decision was probably influenced by how Bitcoin made a great run from $2000 to over$10,000. That was a dangerous decision. It is right that risk-taking is part of the investment, but weighing the cost and benefits of something before making a decision is essential in investment as well. The price of Bitcoin fell deeper and deeper after investing in the asset with money made from selling their properties. No matter how much you expect the digital asset to rise, invest an amount you can afford to lose. Bitcoin can crash like the Dutch Tulip Mania. Expect a Price Fall After Investment. After I successfully guided a friend to buy Digibyte, he asked me that “So when will I get rich?”. This question runs through the mind of many cryptocurrency investors, and they feel disappointed and deceived when they realize the price is not making any movement or the price is continuously falling. When you invest in any digital asset, expect a price fall and a market pullback. The cryptocurrency market does not rise continually without a fall. This kind of feature is dominant in Bitcoin price history. However, know that a cryptocurrency can rise by twice the percentage it fell. The post Three Cryptocurrency Investment Tips to Newbies appeared first on ZyCrypto.

7 days ago

XVG Up 76%, ETH Up 32% & BTC Up 29% By 2019 According To Finder Report

 Listen Here - https://soundcloud.com/cryptodaily/xvg-up-76-eth-up-32-btc-up-29-by-2019-according-to-finder-report The panel of ‘experts’ at Finder have published their latest report, exploring a number of cryptocurrencies and making very elaborate predictions on how they expect the cryptocurrencies to perform over the coming weeks and months. Now before we begin, we should highlight that these predictions are very bullish and that even though this is a panel of experts, predictions are just that - predictions, based on speculation and rough calculations, nothing more. Therefore, we can’t take this as absolute fact and shouldn’t use this report to justify any investment decisions. Now, with that cleared up, let’s take a look at the Finder report. What is Finder? Finder is technically a comparison website, so it gives users a way of comparing the price of various different products in order to make better buying decisions. Within this, they have a number of expert panels that explore and compare different products and investment packages. One such package is cryptocurrency. The cryptocurrency panel is made up of a number of leaders within the Financial Technology industry who get together once a month to compare their own predictions about how cryptocurrencies will perform over the coming weeks. Often, these predictions are bullish but sometimes many do ring true. Who are the experts? As stated, all experts on the panel are leaders in the Fintech industry, therefore most have executive positions at a number of large Fintech firms including Every Capital, Laurence Ventures and Satoshi School. The Finder disclaimer Importantly, Finder.com does stipulate the importance of noting that this is not investment advice: “This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks - they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.” The report Now to the good bit, let’s take a look at the report and the report’s predictions. The November edition of the Finder.com report explores 13 cryptocurrencies all in all, including Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON, Binance Coin, Bytecoin and Verge. This is composed of the top 10 cryptocurrencies by market capitalisation and the top three trending cryptocurrencies (BNB, BCN, XVG). “This month, we asked our panellists to forecast the value of the top 10 coins and the top 3 trending coins by the end of 2019. Our panellists expect that on average most coins will see an increase in value by the end of next year, with the exception of Bytecoin, which is predicted to decrease in value by 5%.” Furthermore: “Of the 13 coins, our panellists forecast that on average, Verge will experience the greatest price growth by 1 December 2018 (76%). This is followed by Ether (32%) and bitcoin (29%). The panel was most optimistic for XRP’s success, with an average predicted value rise of 327% by the end of next year. This is followed closely by Ether (211%) and EOS (189%).” The report doesn’t just explore price changes and price predictions, the panel has also made predictions on some major market capitalisation movements that seem likely to occur within the top ten cryptocurrencies: “We calculated market cap predictions using the number of coins expected to be in circulation by the end of next year and our panellists’ forecast of each coin’s value by the end of next year. As for the forecast market capitalisation for Bitcoin, Bitcoin Cash and Ether — the only coins of the 10 with a reported number of coins available by 31 December 2018 — our panel predicts that Ether will see the greatest increase in market cap growth by the end of 2019 (243%). Bitcoin follows with a 177% increase, while Bitcoin Cash is picked to come in at 77%.” As you can see, these predictions are a little wild, however, if you actually refer to the report, many of the experts offer comments and justifications for their predictions. This isn’t just a case of people stabbing in the dark for a number, these predictions have been based on experience and calculations, therefore at the very least, it’s important that we listen to what the panel is saying. As we have said, don’t take any of this to heart. For now, the best advice is to watch the markets to see what happens. Hold on and ensure you take time to manage your assets. Keep an ey

7 days ago

ZCash Price Retakes $125 Level to Build Support for Next Bull Run

A lot of interesting things are happening in the world of cryptocurrencies. With all markets still in the green, it has become apparent there may be a positive end to 2018 after all. Slowly but surely, all markets continue to move up every single day, and ZCash has reached $125 again. A positive trend which may result in even further gains later this week. ZCash Price Surpasses $125 Again The past few weeks have been pretty interesting for ZCash, especially in the price department. Considering how Zcash’s network upgrade - codename Sapling - has gone off without a hitch, one would expect there to be further price momentum by now. That hasn’t necessarily materialized yet, although there are some very promising market indicators moving forward. In the past few hours, the ZCash price has increased by 4.4% in both USD and BTC departments. That in itself is rather promising, especially when considering how the value has hit $125 again for the second time in as many weeks. This is considered to be a major development for the altcoin, primarily because this price level can be quite crucial in the weeks to come. One reason why ZCash will always remain relevant is because more and more people value their privacy and anonymity when it comes to cryptocurrencies. Together with the likes of Monero, Dash, and others, it is only normal the value of these currencies will keep rising over time simply because of their anonymous nature. If anonymity is important to you, privacy coins like @monero, @zcashco or @Dashpay might be a great option for you. Read our guide to what privacy coins are to learn more and start investing!#privacy #cryptocurrency #crypto #DASH #XMR #ZEC https://t.co/xPUHKFZd95 pic.twitter.com/PCYOzn3aw3 — Cryptocurrencies AU (@cryptoc_au) November 6, 2018 As is usually the case when altcoin prices rise, there will be arbitrage opportunities available. For Zcash users, it seems there are numerous options, which can yield an easy 1% profit for simply moving funds between different exchanges. Although not all of these platforms offer major volume, it is evident there are some opportunities to take advantage of regardless. #ZECBuy at #Sistemkoin and sell at #Bitfinex. Ratio: 1.00%Buy at #Sistemkoin and sell at #HitBTC. Ratio: 0.96%Buy at #Sistemkoin and sell at #YoBit. Ratio: 1.12%Buy at #Cex and sell at #YoBit. Ratio: 0.81%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC — Arbing Tool (@ArbingTool) November 6, 2018 Based on the current technical indicators, it would appear there is some major ZCash price momentum brewing. Before any major developments can occur, the trendline will need to be broken in a significant manner, which might not happen in the coming hours. Even so, anything can happen in this industry, and Zcash may be on the verge of a big breakout to end the year on a high. Watching $ZEC very closely break above upside trendline and we're riding#zec #zcash #altcoin #cryptocurrency #bitcoin #crypto pic.twitter.com/pl03LP4DOM — [NPC Maximalist] (@warranted_ire) November 5, 2018 For the time being, one has to take the current gains in stride and see where the momentum leads in the coming hours and days. There is some positive momentum brewing, especially because its trading volume has surpassed $118m for the first time in a while. That alone is a pretty bullish signal first and foremost, albeit slow and steady will always win the race. 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 ZCash Price Retakes $125 Level to Build Support for Next Bull Run appeared first on NullTX.

7 days ago

Bitcoin Cash Price Surpasses $575 For the First Time Since September

This past week, there has been a lot of attention on Bitcoin Cash. The alternative version of Bitcoin is getting plenty of attention due to its price rise and upcoming hard fork. It appears the upward momentum is still ongoing, although users keeping an eye on the fork will need to remain somewhat cautious first and foremost. Bitcoin Cash Price Uptrend Continues Although most people expected the Bitcoin Cash rise to end as of today, things have turned out in a very different way. That is not necessarily a bad thing by any means. In most cases, cryptocurrencies note a strong retrace after going through a small price trend. This time has proven to be very different in this regard, although there is still some uneasy market momentum users need to be aware of. Another 5% net gain has been recorded in the past 24 hours where Bitcoin Cash is concerned. There is also an ongoing uptrend in the BCH/BTC department, which is pushing the value to 0.09 Bitcoin once again. That in itself shows Bitcoin Cash remains incredibly vital to the cryptocurrency industry as a whole, even if it may not rival Bitcoin itself in the near future. The upcoming Bitcoin Cash fork is of great interest to traders and speculators. For those who store BCH in their Trezor wallet, additional precautions will need to be taken for those looking to split the coins on other chains. That means the wallet provider will not necessarily support the fork itself if it proves viable at this time. Info for Bitcoin Cash $BCH users about upcoming hardfork: Trezor servers run Bitcoin ABC which will follow the ABC proposal. There is no replay protection, so users have to take their own measures to split the coins on other chains that may emerge. — Trezor (@Trezor) November 5, 2018 Another interesting development regarding this fork is taking place. Not everyone is convinced the current BitcoinCash or its fork are the “best solutions” to explore right now. As such, a new client, known as Seal of Satoshi, has been created. It is a fork of SV and has nothing to do with nChain or Craig Wright. Another option worth exploring by the community. 1/2 November 15th upgrade resulted in unnecessary infighting in the BCH community. Middle ground? An alternative for anyone disliking nChain/CSW but in favor of re-enabled Op_Codes, accepting 128 blocks, 500 Op_Codes per script. #BitcoinBCH #BCH #BitcoinCash #sealofsatoshi — donald (@disco_donald) November 5, 2018 From a technical analysis point of view, it seems Bitcoin Cash is on the verge of breaking its ongoing downward trend for an extended period of time. To ensure that happens, the price needs to trade above $598.5, which is still a long way away. Even so, the current momentum could be sufficient to reach that value in the next few days to confirm this potential long-term uptrend. Bitcoin Cash (#BCHUSD) has been a downward trend since August, but that might come to an end in the next few days if the price manages to trade above the September 27 high of $598.5. #BCH #bchusdt https://t.co/m2AbAQhrHJ pic.twitter.com/UD64V4XZrX — Alex Zambrano (@AlexFX00) November 5, 2018 Another thing worth noting is how BCH generates very impressive trading volume at this stage. With $1.23bn in volume, things are heading in the right direction. Even so, there is still a long way to go before things effectively reach late 2017 levels again. For now, one has to take the current momentum in stride, as there plenty of reason to be cautiously optimistic. 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 Bitcoin Cash Price Surpasses $575 For the First Time Since September appeared first on NullTX.

8 days ago

XVG to Surge 71% By Year End, TRX to Fall By 10% in Nov 2018, BTC To Hit $16k By Dec. 2019, Finder Experts Predicts

Experts at personal finance comparison site Finder.com has revealed in its November forecast that a bull run for the top cryptocurrencies will surface just like late last year. However, the growth will not be as massive as that which saw bitcoin hit near $20,000 last December. Finder’s panelists have drawn this month’s prediction from studying current and past crypto price movement and shared insights on what to expect from the top ten cryptocurrencies by market cap as well as the top trending coins which they said were Binance Coin, Bytecoin, and Verge. From the release, Bitcoin is expected the overcome its current bear market and reach as high as $8200 by the start of December. By the end of next year (2019) predictions are that the average highest price from the major cryptocurrency will be $16720, two times higher than the December 1, 2018 forecast value. Top altcoin Ethereum is another who has been on a bearish run in recent times but is predicted to rise by 32% at the start of next month. This will mean that the coin will move from the October 31st value of $197 to $261 within the next 26 days. The predicted market value for ETH by 2019 is $615 while the total market cap at that time will be $69.8 billion, a more three-fold increase from the current $20 billion caps. In an earlier prediction, finder’s panel had a doomsday prediction for XRP but seem to be more favorably disposed towards the altcoin in the latest price forecast because of a turnaround in the market. A 28% increase is expected from now till the end of the November which will lift the altcoin from $0.44 to $0.57. The Market Experts forecasted a major decline for Tron (TRX) as they expect the digital asset to see a fall over the next month. Though they predicted a bright 2019 for the coin (80% growth), they believe its value will drop by 10 percent in November. Verge Will Shoot For The Moon What is perhaps the most bullish prediction on the list is that trending cryptocurrency, Verge will see a massive 78 percent between now and the start of December. The altcoin is currently that 41st largest crypto by market cap with a total market cap of $0.01 and a market cap of $206.8 billion. If the prediction comes true, then XVG value by December 1, 2018, will be $0.024. This trend is expected to lower in 2019 since the panelists predict a $0.028 at the end of next year. Other notable predictions on the list include a (211%) and (189%) increase for Ether and EOS respectively from now till the end of next year. The post XVG to Surge 71% By Year End, TRX to Fall By 10% in Nov 2018, BTC To Hit $16k By Dec. 2019, Finder Experts Predicts appeared first on ZyCrypto.

8 days ago

Bitmain Co-Founder retaliates to Coingeek’s news which reported of company’s problems

Hours after Coingeek reported of Bitcoin mining manufacturer Bitmain, being in problems of debt and is on verge of losing its key chipmaker, Bitmain’s Co-Founder Jihan Wu took on to Twitter to lash the publication for spreading false news and also said that it was controlled by Fake Satoshi- a term he had used to describe Craig Wright. The BCH Fork controversy is just getting murkier as both Craig and Wu mock each other Coingeek, in its recent report, claimed that it had heard from multiple sources close to Bitcoin mining manufacturer Bitmain that the company is no longer receiving chips from its chief supplier Taiwan Semiconductor Manufacturing Company TSMC. The report further stated that Bitmain’s account with TSMC is reportedly in arrears to the tune of over $300 million. Bitmain owed TSMC $1 billion but could only manage to pay $700 million and is unable to pay the remaining debts. Coingeek says that its yet to receive a response from TSMC regarding Bitmain’s debts but as per its sources it’s unlikely TSMC will continue to do business with Bitmain even if they are able to make their debt payments. It quotes “If TSMC continues to do business with Bitmain, they’ll require a good behaviour bond. Their chips will slow to market as they won’t start work until they’ve received payments for future orders in full.” As per the report according to another source, Bitmain’s CEO Jihan Wu is running out of time to pay off the company’s debts. With close to a quarter of a billion dollars owed to other accounts, he has less than six months to make his creditors whole. As the news report doesn’t hold any official disclosures or name of sources, it gave chance to Bitmain’s CEO Jihan Wu to lash back at the news as he tweeted that Coingeek is controlled by “Fake Satoshi (Craig Wright)”. FYI: Coingeek is controlled by Fake Satoshi. — Jihan Wu (@JihanWu) November 5, 2018 This is the second instance after September when both of them were found mocking each other. This happened when someone on Twitter asked if it meant that no agreement had been reached between Craig Wright and Jihan Wu. Jihan Wu had called Wright “Fake Satoshi “ then too when the following tweets had surfaced The path is clear. We scale and IF ABC do not follow, we let them die off. There is NO split. You scale or we orphan your nodes. Miners choice Devs do as they are paid to do BY MINERS! — Dr Craig S Wright (@ProfFaustus) August 30, 2018 The path is clear. We scale and IF ABC do not follow, we let them die off. There is NO split. You scale or we orphan your nodes. Miners choice Devs do as they are paid to do BY MINERS! — Dr Craig S Wright (@ProfFaustus) August 30, 2018 The Bitcoin Cash (BCH) community continues to rage with controversy in the lead-up to the proposed November hard fork. As the industry stands divided between Craig Wright and Jihan Wu - both of whom represent the two sides of the BCH debate, any news that arrives on the street regarding the either of the two is not taken well by either of them. Will, both Craig Wright and Jihan Wu, reach a settlement or will this battle continue? DO let us know your views on the same. The post Bitmain Co-Founder retaliates to Coingeek’s news which reported of company’s problems appeared first on Coingape.

8 days ago

Verge (XVG) Rebounds After Joining Efforts with NetCent

After surviving a bearish market for quite a while, XVG has begun showing signs of revival as it continues gaining bulls after partnering with NetCent. Although XVG is not a top asset in the crypto market, it is standing firm. According to data from CoinMarketCap, the XVG/USD pair opened today with a trading value of $0.0138. Its daily trade volume has also surged to $2.0558 million. Verge’s partnership with NetCent aims to achieve the mass adoption of cryptocurrency. (KE)

10 days ago

Tether Announces New Banking Partner, As Competitors Gain Traction

The State of The Market — November 2, 2018 BTC: $6,337.78 (-0.80%) ETH: $199.34 (-0.11%) XRP: $0.4608 (+2.03%) The Crypto market has settled once again, after a brief spike with Bitcoin reaching a peak of $6,500 yesterday. The price of Bitcoin has retraced to around $6,350, while Ethereum is trading just below $200. However, the top 10 coins are in green today, except Bitcoin and Ethereum. The total market cap also remains unchanged and is at $205.5 Billion. In other news, HSBC, Standard Chartered, and other banks have launched a blockchain-powered trade finance platform in Hong Kong. Named “eTrade Connect,” it is expected to bring efficiency to the multi-trillion-dollar funding for the international trade by digitizing trade documents and automating trade finance processes. Also, Bitcoin teller machine (BTM) operator Coinsource has received a BitLicense from the New York State Department of Financial Services (NYDFS). Coinsource is the first Bitcoin ATM provider to obtain a BitLicense, and the company currently has 40 BTMs in the state of New York to buy and sell Bitcoins. 1) Yesterday Tether (USDT) announced that they have established a new banking relationship with Deltec Bank & Trust Limited. The 72-year old bank is headquartered in the Commonwealth of The Bahamas. Tether made the announcement via Twitter and also provided a link to an official balance confirmation document dated October 31, 2018. The document was issued by Deltec Bank & Trust Limited, and it shows that Tether has a balance of $1,831,322,828. A press release on Tether’s official website explains that the new partnership will allow Tether to maintain its USD-peg and that the company is registered with the Financial Crimes Enforcement Network. Tether also stated that the company follows all anti-money-laundering (AML) procedures and all USDT in circulation are “fully backed by US dollars.” 2) USDT competitors like Gemini Dollar, Paxos, TrueUSD, and USD Coin are slowly absorbing the territory once held by Tether’s USDT stablecoin. Collectively, the four stablecoins have attracted more than $400 million in fiat, while USDT’s market cap dropped more than $1 billion throughout the month of October. USDT is still struggling to regain dollar parity on a number of cryptocurrency exchanges. TrueUSD (TUSD) has already issued $79 million worth of tokens, and the stablecoin’s market cap has doubled to $174 million over the past two months. After listing on Coinbase, USD Coin’s market cap has grown to $127 million, and PAX is at $107 million. Surprisingly, Gemini’s GUSD has been the slowest of the pack. Currently, GUSD has an $11 million market cap and regularly maintains $7.5 million in daily trading volume. 3) Morgan Stanley report now describes cryptocurrency as a “New Institutional Investment Class.” The report titled “Bitcoin Decrypted: A Brief Teach-In and Implications” describes Bitcoin and altcoins as a “new institutional investment class”. The report also describes “surprising” developments which support the investment firm’s bullish point of view. It suggests that the cryptocurrency sector has been strengthened by the formation of new funds and the “growth” of cryptocurrency-backed futures. The report also states that decentralized technology will make the world “better”, and anonymous sources have told mainstream media that Morgan Stanley is quietly developing Bitcoin trading products for its clients. 4) Google and Samsung have invested in the popular Ethereum-based game, Cryptokitties. Dapper Labs, the company behind CryptoKitties, announced that is has secured $15 million in funding from Venrock, Google Ventures, SamsungNEXT and Andreessen Horowitz (a16z). The investing round also included companies not typically associated with venture capital, such as e-sports firm aXiomatic and talent recruiter William Morris Endeavor. Just a few months ago, Dapper Labs raised $12 million from a16z and Union Square Ventures. Venrock partner David Pakman explained that “for the first time we can make scarce digital items” and he believes that there is a “mega-market” for digital collectibles. To date, Dapper Labs has raised $27 million in funding, and it’s highly likely that the blockchain firm is on the verge of a new release. (VS)

11 days ago

Blockchain Platform, BlockVentures Launches Securities.io

Revolutionary blockchain platform, BlockVentures introduces a token listing platform, securities.io which aims at aiding financial backers with the essential information they need to be successful, including news, advice, information and more. Securities.io gathers all the available information for the sponsors who need to learn more about security tokens. Some pertinent information disseminated include legal, STO amount, start and end dates of the fund-raising event, and several other intricate details. With this in mind, investors can look for security tokens that have either completed their funding rounds or are on the verge of starting the process. Securities.io CEO Antoine Tardif stated; “Securities.io will become the go-to resource for investors who wish to source investments in tokenized securities, and for companies who are launching securities to recruit investors.” Security tokens are rapidly replacing utility tokens and are expected to grow exponentially in 2019. Securities.io aims to become a household name in the blockchain powered tokenized securities market. In lure of this, Antoine continues: “Many users are confused about security tokens, and we want to make it easy for them to locate this information. We plan on differentiating ourselves by specializing exclusively in tokenized securities.” About the Securities.io With Securities.io, new investors will find it easy to source for viable investments to pump their funds into The startup is focused on offering information to investors interested in securities tokens. This information is provided in the form of news, interviews, and several other mediums which offers details on tokenized securities. Learn more about Securities.io - https://www.securities.io Meet the team - https://www.securities.io/meet-the-team/ Follow Securities.io on Twitter - https://twitter.com/securitiesio Media Contact Contact Name: Antoine Tardif Email: ceo@blockventures.com The post Blockchain Platform, BlockVentures Launches Securities.io appeared first on ZyCrypto.

12 days ago

Google and Samsung Invest in CryptoKitties

Dapper Labs, the company behind CryptoKitties, announced that is has secured $15 million in funding from Venrock, Google Ventures, SamsungNEXT and Andreessen Horowitz (a16z). The investing group also included companies not typically associated with venture capital, such as e-sports firm aXiomatic and talent recruiter William Morris Endeavor. Just a few months ago, Dapper Labs raised $12 million from a16z and Union Square Ventures. Venrock partner David Pakman explained that “for the first time we can make scare digital items” and he believes that there is a “mega-market” for digital collectibles. To date, Dapper Labs has raised $27 million in funding and it's highly likely that the blockchain firm is on the verge of a new release. (RS)

12 days ago

CEO of Largest Crypto Exchange Believes the Bitcoin Bears Are Here to Stay

BitMEX CEO, Arthur Hayes believes bears have the stamina to keep control of the crypto market for at least 18 months longer. Hayes Forecasts Prolonged Thunderstorms Arthur Hayes, the captain at the helm of the world’s largest cryptocurrency derivatives exchange BitMEX believes bears could maintain control of the cryptocurrency market for at least another 18 months. Of course, these comments are rather interesting considering they come from the man accused of openly encouraging traders to short Ethereum on his own exchange — but please pardon the digression. In a recent interview with Yahoo Finance UK, Hayes explained, “My view is the volatility environment that exists right now could persist for another 12 to 18 months, the flatness.” Haynes is convinced that trading volumes could weaken further — and while past performance is not proof of future results, Hayes opined that “I’m just basing it off my previous experience. I started in Bitcoin in 2013 when the price went from $250 to $1,300 and then from 2014 to 2015 was sort of the nuclear bear market.” Will Crypto Consolidate or Capitulate? While Hayes is not alone in his bearish point of view, there are plenty of analysts who believe cryptocurrencies are on the verge of a bull market. Ox decentralized exchange co-founder, Will Warren countered that since he started following cryptocurrencies in 2011 there have been a number of fast and slow cycles and he believes “the market is blowing off some steam right now [before] going through some healthy consolidation.” eToro Analyst, Mati Greenspan also believes the upcoming bull market will stack on gains quickly as people now have more “awareness and education” about cryptocurrency. There’s Always a Silver Lining... for Exchanges. In spite of Hayes’s dismal view of crypto-market performance in 2019-2020, BitMEX continues to trade contracts with a notional $1 billion daily. This year the exchange notched a new daily record of $8.5 billion in contracts written. Somehow Hayes, who earlier in the interview said, “Price crashed, volume crashed, very, very difficult to make money,” concurrently believes that BitMEX is “well positioned to weather the low volatility.” Do you think Arthur Hayes is right about his 18-months of additional bearish markets prediction? Share your thoughts in the comments below! Images courtesy of Bitcoinist archives, Shutterstock. The post CEO of Largest Crypto Exchange Believes the Bitcoin Bears Are Here to Stay appeared first on Bitcoinist.com.

13 days ago

Interview: Lyn Ulbricht (Ross’ mother) on Bitcoin and criminal justice

In its early days, Bitcoin was an interesting invention and people were trying to convene to find its usefulness in trading pictures or buying pizza. However, it wasn’t until Ross Ulbricht created Silk Road that people actually saw the true value of Satoshi Nakamoto’s invention: a decentralized, trustless and uncensorable currency is the perfect fit for a free anonymous market which allows users to engage in trade without the intervention of a governmental regulator. If the Silk Road was a libertarian pipe dream which got taken down by the FBI and led to the arrest of its founderss, Bitcoin has managed to thrive thanks to its newly-acquired reputation as uncontrolled sound money which enables financial sovereignty. But on the 10th anniversary of Satoshi Nakamoto’s “Bitcoin: A Peer to Peer Electronic Cash System“, it’s good to think about the first people who helped Bitcoin rise to popularity and demonstrate its unprecedented qualities. Regardless if you sympathize with Ross Ulbricht and align with his ideological beliefs, you can’t deny his influence and importance in the history of the world’s biggest and most important cryptocurrency. I found out about Bitcoin from an article on Silk Road. Whatever you think of Silk Road, Ross Ulbricht, creator of Silk Road, does not deserve a life sentence w/o the possibility of parole. Please join me to sign the petition: https://t.co/ln7BeGuoWR #FreeRossPetition @Free_Ross — Charlie Lee [LTC] (@SatoshiLite) July 20, 2018 For this reason, we’ve decided to contact the Free Ross initiative and have a conversation with Lyn Ulbricht, the mother of Ross and the main advocate behind his attempt to receive clemency from the President of the United States of America. To some, Ross is the reason they have become millionaires and have started successful careers in crypto: Litecoin creator Charlie Lee has declared that he found out about Bitcoin after reading an article about Silk Road, while the likes of Roger Ver and Erik Voorhees have showed their open political and financial support to the Silk Road architect. Ross Ulbricht was ahead of his time in his decision to adopt Bitcoin as the only mean of payment - and if today Wall Street executives begin to acknowledge the value of Bitcoin and contemplate on opening trading desks, in 2011 the situation was not as optimistic and prospective for money-making. For the Bitcoin Whitepaper’s tenth anniversary, you’re invited to read an insightful interview which is meant to take you back to different times when BTC was still a new and promising technology. You also get to learn about the consequences and martyrdom of being ahead of your time by adopting a mean of payment which the governments frown upon. Just keep in mind that the views expressed only belong to the author and do not reflect the opinions of Crypto Insider, its writing contributors, and its sponsors. Transcription credits go to Vlad, Blakely, and Nathan. Cover image courtesy of Ulbricht family. Vlad: Hello and welcome to the Crypto Insider interview. I’m Vlad and today’s a very special occasion because, on the 10th anniversary of Bitcoin, we get to talk to none other than the mother of Ross Ulbricht, Mrs. Lyn Ulbricht. Did I say that right? Lyn Ulbricht: Correct! Vlad: It’s good to have you hear and you have no idea influential is in this industry and how many millionaires exist today because of him. Lyn Ulbricht: Well, maybe they’ll help me get him out, and many have, but um, I’m gonna continue to need financial support so I hope some of those people will step up because I have a lot of lawyers right now. Vlad: I remember the first time I heard about the case, I was in Paris, I think in 2014, and I was reading the Rolling Stone coverage which presented Ross as some sort “Billy the kid” of our times. Lyn Ulbricht: Yeah, that was a horrible interview. Vlad: Yeah, I remember, but I didn’t know better either because — Lyn Ulbricht: I didn’t know better either, I just talked to a guy, it was a mistake. Vlad: So he’s portrayed as a villain, and that’s all I could get at the time, it wasn’t like I had all these resources and right now. Before recording I checked the website, the FreeRoss.org website, and you have this series of documentaries which are called Railroaded. Lyn Ulbricht: Railroaded - that’s right, the targeting and caging of Ross Ulbricht, yeah. Vlad: I’ve watched the first couple of them and they were very informative and they reveal a lot about the U.S. judiciary system. Lyn Ulbricht: Uh huh - and also it’s important for people to realize that it’s completely based on the record, we’re not saying any opinion or what we think, this is all just strictly taken from the public record, and we did it because we realized that we didn’t even know everything, nevermind people reading the media which was so limited. So we started putting it together and it became kind of a narrative really, and then someone said “hey, do an audio component,” and we were very lucky to ha

13 days ago

Bitcoin Turns Ten: Today And What’s Next?

Today, on October 31st, 2018 — a date that many decentralists have been clamoring for — Bitcoin, the world’s first internet-connected autonomous network, has officially reached the youthful age of 10. While Bitcoin has been lauded as a resounding success in recent years, initially, as covered in this series’ previous edition, “Bitcoin Turns 10: A Blast To The Past,” Satoshi had trouble jump starting his brainchild. However, as Bitcoin began to garner support from the fringes of the internet in 2010, it became apparent that the concept of decentralized technologies was sticking, and across the world at that. And since then, this industry has only been on a perpetual uptrend, as blockchain technologies, the Bitcoin Network included, have continued to see adoption, maturation, and development at an unbridled rate. 2018’s Bitcoin Bear Market Is A Time To “BUIDL,” Not “HODL” BTC made its first step into 2018 near the peak of its largest bubble to-date, nearing $20,000 on the back of widespread speculative interest from retail and institutional investors across the globe. While BTC began a strong correctional phase in early-January, facilitating a (temporary) monumental surge in the market dominance of altcoins, many claimed that the world’s first crypto asset was still poised to be on the up-and-up, with a handful of industry commentators doubling down on their sky-high predictions. Fundstrat Global Advisor’s Tom Lee, for one, claimed that BTC was slated to reach and surpass $25,000 by 2018’s end, referencing a number of quantitative factors to back his forecast. Lee wasn’t alone in his cries for BTC to “moon,” with Tim Draper, the Bitcoin Foundation’s Bobby Lee, and a number of other well-respected cryptocurrency fanatics all claiming that BTC will surpass its $19,500 all-time high in due time. As it stands, however, the foremost cryptocurrency is way off the mark, with BTC currently finding itself range-bound under $7,000, but above the $6,000 price level, indicating that “speculmania” has subsided, for now anyway. Still, as pointed out by diehard pundits, while crypto asset values have tanked, now isn’t the time to shy away from crypto. In fact, some optimists have issued call-to-arms, enticing their fans and followers to further their involvement in the nascent cryptosphere, even if prices may be off-putting for even the most seasoned investors. Just two weeks ago, Binance’s Changpeng Zhao took to Twitter to write: “Blockchain/crypto is not going away. Then take a 5-10 year horizon, and think about where we will be. BUIDL/HODL to that!” In context, what Zhao seems to be touching on is the fact that prices don’t accurately reflect the development of the underlying infrastructure and base-layer applications that will support BTC over the long-haul. Litecoin’s Charlie Lee has also tangoed with this form of sentiment in the past, claiming: “[Now,] with prices currently depressed, it’s a good time for people to sit down and have their head down and actually working to get stuff done.” In the past few months alone, in terms of technological developments, Bitcoin has seen a rapidly growing Lightning Network, an uptick in adoption for Segwit-enabled addresses, and Blockstream’s recent release of the Liquid Network, which aims to accelerate BTC transactions and to introduce a digital asset issuance system on Bitcoin’s blockchain. While these three technological improvements are inherently unique, at their core, the Lightning Network, Liquid Network, and Segwit protocols have only been activated to better the user experience. Although Bitcoin’s technological advancements are already something to be touted, this ecosystem’s institutional sub-sector has arguably seen a larger growth cycle. In the past year, America’s foremost institutions, JP Morgan, Bank of America, Citigroup, Morgan Stanley, and Goldman Sachs have all expressed interest in eventually offering Bitcoin-centric investment vehicles, solutions or platforms, which may bring crypto assets and blockchain technologies to hundreds of thousands, if not millions of wide-eyed investors. Just recently, marking one of the biggest institutional forays into crypto to-date, Boston-based Fidelity Investments established the fittingly-named Fidelity Digital Asset Services (FDAS), a new entity solely focused on offering products that pertain to digital assets, like BTC and Ether. FDAS, which is headed by Tom Jessop, is aiming to offer top-notch cryptocurrency custody and trade execution for Fidelity’ 13,000 institutional clients. TD Ameritrade has also entered the cryptocurrency realm, announcing in early-October that it had invested an undisclosed sum into ErisX, an up and coming crypto-focused platform that has already been backed by DRW, Virtu Financial, and CBOE Global Markets. Eventually, if regulators give ErisX a stamp of approval, the platform intends to unveil spot trading and physically-delivered futures support for Bitcoin, Bitcoin Cash, Ethereum, and Lit

13 days ago

Venture Capitalist Predicts Security Token Tsunami

The hype surrounding security tokens has been steadily building, with investors looking forward to regulated tokenized assets offering some form of return. One partner at an international tech venture capital fund says the space is at the verge of a significant security token offering (STO) influx. Connor Cantwell is one of the partners at Cosimo […]

15 days ago

Ripple (XRP) Struggles to Keep Afloat Volatility

XRP market performance has a bit slowed down as the digital asset struggles to maintain its market standard. Performances were better last month with the decentralized financial tools released by the Ripple platform into the market. The success of their financial tools like xRapid real-time platform and xCurrent payment solution has Ripple in the success over a period of time. The digital asset XRP was almost on the verge of taking over the second position from ethereum amidst cheers and joyful reactions from enthusiasts. Ripple XRP took the lead in market performance last month, moving up to $0.80 on September 21, 2018. This represents about 225% increase and low of $0.24646 on August 14, 2018. In October, XRP price per dollar went as low as $0.3 and this waned all the interest and focuses on this digital asset. All the aggression died down as XRP price went down, now it is struggling to rise up again. After the recently concluded Ripple’s Swell conference in San Francisco, it was assumed there would be a rise in price because a lot of awareness has been created. Banks and other financial institutions are expected to key into the decentralized financial tools offered by Ripple, which will, in turn, increase the price. “Ripple’s Swell conference in San Francisco boasted star speakers including U.S. economist and Barak Obama advisor Gene Sperling, former U.S. president Bill Clinton, a performance by rockers Counting Crows, as well as Ripple Labs dropping the big news it’s signed up three companies to its new xRapid service, allowing them to use the cryptocurrency XRP to carry out international transactions in “a matter of minutes.” According to a report from Forbes, there was a “tease suggestion” about the impact which would be made on this digital token, this speculation brought about the rise in the price of XRP in the month of September. “It was the teased suggestion last month that banks and financial services companies would soon begin using ripple, the informal name of the digital token XRP, to move money across borders that fueled ripple’s over 100% rise in September — but now that has begun to happen it seems to have failed to live up to people’s expectations.” Now that the bubble has cleared, it has not been rosy for the crypto, which is now finding it hard to rise back to its former performance level, or even close to where it was in the month of September. The post Ripple (XRP) Struggles to Keep Afloat Volatility appeared first on ZyCrypto.

15 days ago

Why People Are Accusing Bitcoin Of Meddling With US Midterms

 The United States are now on the verge of undergoing midterm elections. Why is this important? Well, four years ago the United States authorities decided that cryptocurrencies such as Bitcoin would be allowed to be used within political donations. Since then, as a result of this, some politicians in the US have raised very significant amounts of money through political campaigns in cryptocurrency. Bitcoin now has a significant position within the US voting-sphere. According to Politico.com: “Democrat Brian Forde raised nearly half a million dollars of bitcoin for his unsuccessful bid for a California congressional seat this year, but then had to field questions from election watchdogs about a contribution from Hong Kong.” Moreover: “Republican Austin Petersen, a U.S. Senate candidate from Missouri, received the largest single bitcoin donation in federal election history, but was forced to return the virtual currency in June because it exceeded federal contribution limits. Libertarian Phil Anderson, who’s running for governor in Wisconsin, decided to continue accepting crypto contributions even though Wisconsin, like most states, has not decided how to regulate or track crypto contributions.” Despite the risky connotations that Bitcoin brings to the table in politics, it is clear that politicians in the United States are still happy to deal in crypto. As a result of this, people are now starting to question the power Bitcoin has in these elections and thus, are accusing Bitcoin of meddling. What is happening here? A lot of the time, this is just a case of disgruntled politicians blaming Bitcoin for something that hasn’t happened. It’s easy to blame Bitcoin when political decisions go one way instead of the other, much in the same way politicians seem to blame everything else but themselves. Bitcoin is a scapegoat in this situation and nothing more. However, this hasn’t stopped people from talking about the potential Bitcoin has to manipulate politics on an elective level. As a result of this, researchers are now taking to hard evidence to prove that Bitcoin is not in fact corrupt and is not as damaging as politics seems to make out. According to Politico.com: “A study published in January by the Center on Sanctions and Illicit Finance, a program at the Foundation for Defense of Democracies, and Elliptic, a cryptocurrency analyst, found less than 1 percent of all transactions entering conversion services worldwide were linked to illicit activities, including money laundering and online extortion. And experts at the forefront of this financial technology argue that bitcoin could actually bring more transparency to the democratic process by offering new, unhackable tools to track money in politics.” Bitcoin can actually fix political corruption We aren’t a politics website, so we won’t get into political corruption too much, however what we can discuss is how Bitcoin, and the blockchain can go a long way in actually improving the transparency of political processes, including elections. Enhancing transparency can mean only one thing - improvements to democracy, a long way off the ‘corrupt’ reputation that Bitcoin presently has. The blockchain can not only speed up and automate the voting process, it can also verify and authenticate it, making elections fairer, faster and more concise. Less room for error, less room for corruption. What are politicians doing about this? In terms of Bitcoin spending, one of the problems is that each politician seems to handle their Bitcoin donations very differently. The problem here isn’t Bitcoin, the problem is a lack of regulation that stipulates how that Bitcoin should be spent. According to Politico.com: “New Hampshire Republican state Rep. Mark Warden decided to return crypto contributions that came from Europe and South Africa, according to The Washington Post. Republican Andrew Hemingway made headlines in 2014 when he became the first-ever gubernatorial contender to use cryptocurrency contributions in his campaign.” Furthermore: “The website of state Rep. Caleb Dyer, a Libertarian and former Republican running for re-election, can accept 10 different types of cryptocurrencies including Monero, a ‘privacy coin’ marketed as untraceable and anonymous. Dyer has said that he received $269.62 in donations, but he has not filed campaign reports to document any contributions including when he first ran for office in 2016, according to state officials.” As you can see, some politicians are declaring it, some aren’t, and others are even taking steps to send it back. Nobody knows what to do with Bitcoin in politics, and it’s damaging our industries reputation. What do we think about this? From a crypto-centric perspective, Bitcoin is not being used to manipulate US elections, or any other elections for that matter. Bitcoin is no more useful than FIAT currency when it comes to blackmail and bribery. Yes, people can send Bitcoin anonymously to politicians but people can still

16 days ago

Bitcoin [BTC] will gain mass adoption after global equity market meltdown in November 2018, says Bo Polyn

Bo Polyn, an analyst at Global Forecast 2020, said that the US and global equity markets are on the verge of an imminent crash, which will translate into widespread adoption of Bitcoin and cryptocurrency. Bo Polyn said that the crashes of 1929, 1987 and the crash of 2008 had a ‘rising wedge’ formation as well. The markets had a violent sell-off after breaking the bottom band of the wedge, causing a collapse. The great crash of 1987 had the same pattern, causing the markets to crash by 37% in a mere 760 days. The markets of 1929 had a rapid rise in a time frame of just over 600 days, after which, the prices crossed the bottom band of the wedge and markets crashed by 49%. Considering these observations, Bo Polyn said, “The quicker the rise, the sharper the drop.” China vs US [DOW] 2007 | Source: CNBCThe most important among these is the devastating crash of 2008, which caused a global meltdown of financial markets. In reference to the chart above, Bo Polyn pointed out that the Chinese markets topped in October 2007, and eventually broke support in January 2008. The US markets, however, broke the support five months after the Chinese markets did, and the crash happened in June 2008. Polyn added, “The five-month spread basically says that, China, historically has led the world market.” Comparing the pattern to the present-day scenario, Polyn said that the Chinese markets have crossed supports precisely four months ago i.e., July 2018, which means that “the next month, November, the US markets will plunge with China”. US DOW The Great Crash of 2018? | Source: CNBC Polyn finally pointed out to the double top formation on the Dow chart, when the US markets topped in January 2018 and successively falling down to the support. This was successively followed by a second top at the same level on October 3, 2018, thus completing a doubled top formation. A crash cycle began and the markets plunged by 1,600 points on the Dow. Concluding his point, Bo Polyn said: “If markets don’t crash hard enough, no one is going to buy Bitcoins. Bitcoin won’t go up until people lose confidence in stock markets or equity markets.” He says that the Bitcoin is in a “descending wedge” formation, which is the exact opposite of a “rising wedge” that the equity markets are in. The fall of US equity markets will cause a “massive financial shift” and money will flow into Bitcoin and other altcoins like Ethereum [ETH], Litecoin [LTC], XRP and so on, he said. The post Bitcoin [BTC] will gain mass adoption after global equity market meltdown in November 2018, says Bo Polyn appeared first on AMBCrypto.

16 days ago

Crypto Platform NetCents Integrates Verge, Tron, and Horizon onto its Merchant Gateway

The team at NetCents, an innovative cryptocurrency platform, has announced in their monthly publication that it has integrated three cryptocurrencies namely Verge (XVG), Tron (TRX), and Horizon (HZ) onto their merchant gateway, according to a report. Reportedly, the integration of the three cryptos followed a request by MindGeek, one of NetCents’ most prominent merchants. MindGeek owns the popular adult entertainment websites Brazzers and Pornhup, and Verge was the first cryptocurrency to be accepted by the entertainment company. (VK)

18 days ago

Verge (XVG), Tron (TRX) and Horizon (HZ) added onto NetCents’ Merchant Gateway

The team at NetCents HQ have published their monthly digest on their website. In this October edition, the team updates their clients, fans and the crypto community, on the major strides they have made during the past month. The first being that plans are underway of integrating SoftPoint: the first fully integrated hospitality management system that specializes in operation, payments and controls. This in turn means that thousands of merchants will be able to offer cryptocurrencies as a payment method through this integration. About SoftPoint SoftPoint is one of the leading POS systems provider and some of its merchants include Aramark, Carl’s Jr, Buca di Beppo, and Tilted Kilt. XVG, TRX and Horizon (HZ) added onto NetCents Merchant Platform The second update the team at NetCents announced in the monthly publication, is that Verge, Tron and Horizon were integrated onto their merchant gateway. The addition of the three digital assets, was accelerated through a request by one of NetCents’ largest merchant; MindGeek. Refreshing our memory a bit, we recap that MindGeek is the owner of the popular adult websites of Pornhub and Brazzers. XVG was the first digital asset to be accepted by the famous adult entertainment company. NetCents’ merchant services will now be integrated onto MindGeek’s websites and advertising platform, before the end of the year. With respect to XVG, both teams at NetCents and Verge have entered a joint agreement that has been described as follows: [NetCents has] become a vendor of choice for Verge and Verge will be promoting [the NetCents] platform through their marketing and social media channels. [NetCents] will also be working towards fully integrating Verge into the NetCents’ ecosystem, enabling Verge holders to spend their cryptocurrency through the merchant-base and upcoming credit card program. About NetCents’ Credit Card Program Of particular importance, is the last phrase that mentions an upcoming credit card program. Back in late August, NetCents had announced its intentions of launching a cryptocurrency credit card that would function in Canada and Europe. NetCents is based in Canada and the team also expressed intentions of expanding to the US. The cards will be integrated into the NetCents mobile app and will come with a chip, pin, magnetic stripe and NFC functionality. NetCents plans on converting funds from crypto to fiat by using its merchant instant settlement technology. They also aim at introducing a loyalty program for all users of the credit cards. What are your thoughts on the development of XVG, TRX and HZ being integrated onto NetCents merchant gateway? Please let us know in the comment section. [Image courtesy of net-cents.com] Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Verge (XVG), Tron (TRX) and Horizon (HZ) added onto NetCents’ Merchant Gateway appeared first on Ethereum World News.

18 days ago

DeVere Boss Sees Crypto Growth of 5,000% in Global Breakout

Nigel Green, CEO of deVere Group, one of the world’s leading independent financial advisory organizations, has predicted a growth in the crypto market of over 5,000% in the next 10 years. Green puts this down to an acceleration in the mass adoption of cryptocurrencies over this period which he claims is close to what he describes as a “true global breakout”. One factor of this new crypto gold rush, Green suggests, is the diminishing status of Bitcoin in the next ten years, which he feels will lose some of its current impetus due to the growth in the rest of the market. He commented: “However, while I don’t wish to rain on anyone’s parade, I believe that Bitcoin’s influence and dominance of the cryptocurrency sector will drastically reduce in its second decade. This is because as mass adoption of cryptocurrency grows, more and more digital assets will be launched - by organizations in both the private and the public sectors. This will increase competition for Bitcoin and dent its market share.” That said, he feels that in the short-term, FOMO or the fear of missing out will still be a major driver to Bitcoin adoption. On the eve of Bitcoin’s 10th birthday, Green is giving credit where its due, arguing: “Bitcoin is what kick-started the crypto revolution and it has changed the way the world makes transactions, does business, and manages assets, among other things, forever. It all began with Bitcoin.” In more a more radical statement about the future of money, whether digital or otherwise, German-Finnish internet entrepreneur Kim Dotcom and Irwin M Stelzer of the non-profit think tank the Hudson Institute are predicting the fall of fiat, but not in a decade, much sooner than that, suggesting: “The pyramid game is coming to an end... crypto and precious metals will go up when everything else falls. I think it’s going to happen in the next two years.” Stelzer proposes a scenario where the US dollar could even be on the verge of collapse due to current levels of debt and a multiple trillion-dollar printing program, adding, “If unlimited borrowing, financed by printing money, were a path to prosperity, then Venezuela and Zimbabwe would be top of the growth tables.” Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post DeVere Boss Sees Crypto Growth of 5,000% in Global Breakout appeared first on BitcoinNews.com.

18 days ago

Ripple (XRP) Hodling Is About To Payoff Big Time

Ripple (XRP) has been a true investors’ favorite for much of 2017 and early 2018. The hourly chart above for XRP/USD shows that Ripple (XRP) is on the verge of a major break out. Ripple (XRP) is known for its quick but aggressive rallies. What does this mean? It means that Ripple (XRP) makes its entire gains for the cycle in an extremely short timeframe. This is why so many Ripple (XRP) investors are strong believers in the concept of hodling. They have been buying Ripple (XRP) since before the correction. Most Ripple (XRP) believers are still holding their coins at a 70% loss but they have no intention of cutting their losses. In fact, they believe that the price is going to appreciate manifold by the end of the year. In 2017, Ripple (XRP) completed its bullish cycle in just 70 days. That means if you were too scared to get involved before March 2017, you would have missed out on the first pump. After the dump in April 2017, if you were too scared to get in thinking it is going to do down lower, you would have missed out on a massive pump all the way to the ATH in May 2017. If you had any ideas to get involved after that, after a correction, let’s say in September 2017, you would only have lost money by the end of 2017. The same goes for the rally in 2018. The difference though is that the January 2018 rally was a lot more aggressive and took half the time (35 days). The correction in both cases, took an equal time of 203 days. All of this explains that investing in Ripple (XRP) is a hodler’s game. You cannot predict when the rally is going to occur but if it does and you’re not in, the rest of the year does not matter. For 203 days, you can stop thinking about cryptocurrencies in general and Ripple (XRP) in particular and start investing in other markets that is if you do not want to short this market. Ripple (XRP) is once again at the point of a breakout and a similar rally can be expected. The chart above for XRP/USD shows that the price has just completed a bullish cypher pattern, a bullish indicator which means Ripple (XRP) can start a new cycle at this point. There is no lack of solid catalysts to influence the price of Ripple (XRP) when it comes to it. Recently, Coinbase has started to warm up to Ripple (XRP) and most investors believe that an XRP listing on Coinbase might be around the corner. All things aside, Ripple knows how to play with the big boys. Big industry names like American Express, Western Union, UBS, Bank Santander and renowned celebrities and public figures like Bill Clinton, Madonna, Ellen and Ashton Kutcher are linked to Ripple (XRP) one way or the other. There is no denying that Ripple (XRP) has managed to acquire an unprecedented level of clout, fame and recognition, something which most cryptocurrency projects lack. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Ripple (XRP) Hodling Is About To Payoff Big Time appeared first on Crypto Daily™.

18 days ago

Free Money: How Crypto Arbitrage Made Firms Millions Last Week

The market started feeling a little queasy last week. The Tether (USDT) price had unaccountably lost its peg to the US dollar. Different exchanges were reporting different prices, but some were going as low as $0.85 per token. Some worried that the multi-billion dollar stablecoin was on the verge of liquidation, but it didn’t come to that. At the time of writing, Tether was nearing parity again with the US dollar. Fears over a sudden meltdown have been allayed, for now anyway. But where most smelt fear, some saw an opportunity. Individuals from the private finance world began to buy up as much USDT as they could, paying bottom prices from panicky USDT holders who wanted out, fast. Exploiting the widening disparities between the exchanges, these guys sold their discounted Tether anywhere quoting a higher price. In the space of a week, they used basic crypto arbitrage to make millions in pure profit. Tether price drop: a crypto institutional opportunity Mitchell Dong is the Managing Director of Pythagoras Investment Management. Based in New York City, he’s spent the last 13 years investing in hedge funds and private equity; he also develops quant models for trading cryptocurrency in Asia, Europe, and North America. Dong explained to Crypto Briefing that Pythagoras began buying Tether early on Monday morning (ET). At around 2 AM local time, he noticed the range between USDT prices quoted on different exchanges was widening. With a team of six spread across North America and Asia, he alerted the Singapore based team and instructed mass purchases of USDT, using Bitcoin (BTC). To traders, that dip smells like money. Source: CMC. “Some people say they saw as low as $0.86. but the lowest I ever saw was $0.88,” Dong said. “We would buy from low and convert it quickly over to Bitfinex to sell”. Although Pythagoras buys the underlying asset, it hadn’t bought Tether until last week. It had focused instead on the new stablecoins including True USD (TUSD), the Gemini and Huobi Dollar (GUSD; HUSD), as well as the Pax Standard Token (PAX). They made a lot of money, but Dong wouldn’t give an estimation of just how much they made in a week. Pythagoras wasn’t the only firm that spotted this opportunity. One trader, who asked that himself and his firm remain anonymous, described how one entire team devoted the whole of last week to exploiting the Tether price disparity. “A $0.15 spread across the market is a wide margin”, he said. “We were essentially given a license to print free money.” Crypto Arbitrage Arbitrage is a well-known and established trading technique, not just in crypto but also within mainstream financial markets. If you can buy an asset for a nominally low price and sell it somewhere for higher, it’s a quick and easy way to make returns. A no-brainer. But not everyone agrees. Simon Tobelem from ARIE Capital, a UK-based venture capital firm, felt such tactics brought the sector into disrepute. His main fear was it could harm relationships with regulators and the established players. He pointed out that the authorities were already starting to crack down on many of last year’s non-compliant ICO projects. “Quick profiting is the type of behavior regulators are particularly worried about”, he explained. “It’s not like the Wild West, actors need to behave”, “[Arbitrage] is great if the only objective is to keep crypto a very tiny industry, with a small number of players pulling all the strings, but it won’t go any further; it will put off the mainstream”, he added. Dong disagreed. He said that there was a legitimate place for arbitrage within the sector, as it created incentives to buy and sell tokens, keeping the market liquid. He also suggested that it would close the price disparity between the different exchanges. Although simple, crypto arbitrage is exclusive. Theoretically, anybody can do it, but the returns will probably be negligible at the scale most retail investors operate at. This is a game played by the institutions, for the institutions. The rest of the market is left nervously holding their tokens, waiting for the prices to stop fluctuating. The author is invested in BTC, which is mentioned in this article. The post Free Money: How Crypto Arbitrage Made Firms Millions Last Week appeared first on Crypto Briefing.

18 days ago

XRP Price Analysis: On The Verge Of A Weighty Bullish Trend

Supply zones: $0.497, $0.535, $0.564, Demand zones: $0.455, $0.429, $0.400 XRP/USD Medium-term Trend: Ranging XRP/USD is ranging in its medium-term outlook. XRP rallied to the north on October 18 with high momentum from the bulls. It could not break out because of interference of the bears’ pressure that returned the XRP price to the demand zone of $0.455, and then it started consolidating on the demand zone of $0.455. On October 23, the bulls tried to increase the price but the bears’ pressure prevailed. In case the demand zone of $0.455 hold, bulls will need higher momentum to move the XRP to the north, break the supply zone of $0.497 and find its high at the supply zone of $0.535. Currently, XRP is moving on 10-day EMA and 50-day EMA, the two EMAs are twisted together confirming consolidation. The RSI period 14 is below 50 levels with its signal line pointing parallel to the level (showing no direction), which indicates consolidation is ongoing. XRP/USD Short-term Trend: Bearish On the 1-Hour chart, XRP/USD has been in a bullish trend since October 23, when the pair rallied to the north by the formation of massive strong bullish candles, broke the supply zone of $0.455 and moved towards $0.497. The bears pushed it back with the formation of bearish pin bar. The bears took over the market and the XRP price was falling gradually. The coin has been above the 10-day EMA and 50-day EMA all along which indicates an ongoing uptrend. But currently, the two EMAs are getting closer with the coin in-between the two EMAs, meaning that the price is falling and there may be changing of the trend soon. Nevertheless, RSI period 14 is above 40 levels with its signal line points to the north, which indicates the probability of price increase. The post XRP Price Analysis: On The Verge Of A Weighty Bullish Trend appeared first on ZyCrypto.

19 days ago

Crypto Market to Grow by 5,000% in 10 Years, Influence of Bitcoin to Fall, Says DeVere CEO

The CEO of deVere Group has stated that the crypto market is likely to grow by 5,000% in the next 10 years; however, at the same time, Bitcoin’s influence and dominance will fall. Increased Competition for Bitcoin Nigel Green, founder and CEO of the international financial consultancy firm, was speaking ahead of Bitcoin’s 10th birthday on the 31st of October. In a report from International Investment, Green said: Bitcoin is what kick-started the crypto revolution and it has changed the way the world makes transactions, does business, and manages assets, among other things, for ever. It all began with Bitcoin. He added, though, that while Bitcoin remains the largest by market capitalization, he thinks its influence will also drop in the next 10 years. He puts this down to the mass adoption of the crypto market and the fact that new digital assets will be launched by companies in the private and public sectors. As a result, this will increase competition for Bitcoin, he argues. Green added: The pace of mass adoption will speed up and the cryptocurrency market cap can reasonably be assumed to reach at least 5,000% above its current valuation over the next decade. Interestingly, it was only this month that the CEO made the argument that fear of missing out (FOMO) is what will drive the price of Bitcoin up. He said that because crypto adoption was increasing in various sectors, the crypto market, including Bitcoin, was “on the verge of a true global breakout.” Will Bitcoin Be Replaced? There are only a few days until Bitcoin turns 10. Ten years since Satoshi Nakamoto released his whitepaper on Bitcoin. It has been an interesting 10 years, but one thing BTC has shown is its resilience. Since the beginning, thousands of altcoins have come into the market claiming to offer something that is bigger and better. Since the beginning, there have been numerous crypto exchange hacks that have undermined the market’s image. Since the beginning, there have been naysayers calling the industry a bubble and that Bitcoin is a fraud and a Ponzi scheme. And yet, though it all, Bitcoin has continued, growing from strength to strength. The fact that it’s decentralized and that it doesn’t have a leader are just a few of the things that people resonate with. After all, the whole point of it is to give power back to the people. So when Green claims that Bitcoin’s influence will be hit by yet-to-be-released cryptocurrencies that deliver better technology, features, and security solutions, it’s the same old thing we’ve been hearing for 10 years. However, Bitcoin is still king of the mountain and is likely to remain so. Do you think Bitcoin’s dominance and influence will drop in 10 years? Let us know in the comments below. Images courtesy of Shutterstock. The post Crypto Market to Grow by 5,000% in 10 Years, Influence of Bitcoin to Fall, Says DeVere CEO appeared first on Live Bitcoin News.

19 days ago

Monero (XMR) Might Still End The Year Above $500

Chart for XMR/USD (1W) Monero (XMR) currently trades around $107 and is probably one of the safest bets in the market right now. The price has been following a three driver’s pattern, trading in a diverging bullish channel. It has currently reached the bottom of the channel and will likely return with bullish momentum for the long haul that could drive its price all the way to $500 or higher before the end of the year. Apart from the technicals, its fundamentals look great as well. Monero (XMR) transactions are currently cheaper than that of both Bitcoin (BTC) and Litecoin (LTC). Monero (XMR) is one of the oldest cryptocurrency and has always been well respected for its privacy and completely decentralized nature. The need for coins like Monero (XMR) has been felt even more in recent times when we have seen even big projects like Ethereum (ETH) steer away from their original vision. Monero (XMR) being completely free of any central control has always been the centre of interest among investors looking to play it safe for the long term. It is also appealing to those who want to maintain an anonymous identity. A similar privacy coin, Verge (XVG) registered astronomical gains in the past few months. Monero (XMR) seems to have taken a hit due to a recent notorious hardfork and bad press. The whole ASIC mining fiasco certainly did not help and the price reflected that. Just recently a fake Monero site scammed some users. Chart for XMR/BTC (1W) However, things look great on the big picture. Circle Invest has now listed Monero (XMR) on its platform. It should be borne in mind that most of these companies like Circle Invest, Coinbase and TdAmeritrade are trying to get institutional investors onboard with cryptocurrencies like Monero (XMR). Once that happens, the price could sky rocket. Monero (XMR) currently seems to have bounced off the 200MA on XMR/BTC and will likely continue its bullish momentum. Like most cryptocurrencies, its future hinges on the success of Bitcoin. However, while some cryptocurrency may not have any purpose at all if all coins were to disappear tomorrow, the same cannot be said about Monero (XMR) or its kind. There will always be a demand for privacy coins like Monero (XMR). At the moment, the idea of being able to protect one’s identity and having the freedom to do whatever one wants to do with their money seems a bit farfetched to regulatory bodies. However, sooner or later this is going to be a reality. Monero (XMR) has received a lot of criticism for being a gateway to online purchases of drugs on the dark web but despite all that, the coin has continued to do well. The flow of smart money in Monero (XMR) has been keeping it in the top 20 league. The technicals on both charts look favorable for a medium to long term rally. Monero (XMR) also has a loyal community and is a coin that has stayed true to its vision and mission ever since its inception. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Monero (XMR) Might Still End The Year Above $500 appeared first on Crypto Daily™.

19 days ago

deVere CEO: Crypto Market to Grow by 5,000% in 10 Years, Influence of Bitcoin to Fall

The CEO of deVere Group has stated that the crypto market is likely to grow by 5,000% in the next 10 years; however, at the same time, Bitcoin’s influence and dominance will fall. Increased Competition for Bitcoin Nigel Green, founder and CEO of the international financial consultancy firm, was speaking ahead of Bitcoin’s 10th birthday on the 31st of October. In a report from International Investment, Green said: Bitcoin is what kick-started the crypto revolution and it has changed the way the world makes transactions, does business, and manages assets, among other things, for ever. It all began with Bitcoin. He added, though, that while Bitcoin remains the largest by market capitalization, he thinks its influence will also drop in the next 10 years. He puts this down to the mass adoption of the crypto market and the fact that new digital assets will be launched by companies in the private and public sectors. As a result, this will increase competition for Bitcoin, he argues. Green added: The pace of mass adoption will speed up and the cryptocurrency market cap can reasonably be assumed to reach at least 5,000% above its current valuation over the next decade. Interestingly, it was only this month that the CEO made the argument that fear of missing out (FOMO) is what will drive the price of Bitcoin up. He said that because crypto adoption was increasing in various sectors, the crypto market, including Bitcoin, was “on the verge of a true global breakout.” Will Bitcoin Be Replaced? There are only a few days until Bitcoin turns 10. Ten years since Satoshi Nakamoto released his whitepaper on Bitcoin. It has been an interesting 10 years, but one thing BTC has shown is its resilience. Since the beginning, thousands of altcoins have come into the market claiming to offer something that is bigger and better. Since the beginning, there have been numerous crypto exchange hacks that have undermined the market’s image. Since the beginning, there have been naysayers calling the industry a bubble and that Bitcoin is a fraud and a Ponzi scheme. And yet, though it all, Bitcoin has continued, growing from strength to strength. The fact that it’s decentralized and that it doesn’t have a leader are just a few of the things that people resonate with. After all, the whole point of it is to give power back to the people. So when Green claims that Bitcoin’s influence will be hit by yet-to-be-released cryptocurrencies that deliver better technology, features, and security solutions, it’s the same old thing we’ve been hearing for 10 years. However, Bitcoin is still king of the mountain and is likely to remain so. Do you think Bitcoin’s dominance and influence will drop in 10 years? Let us know in the comments below. Images courtesy of Shutterstock. The post deVere CEO: Crypto Market to Grow by 5,000% in 10 Years, Influence of Bitcoin to Fall appeared first on Live Bitcoin News.

19 days ago

EOS Technical Analysis: Long-term trend shows consolidation as the bear rules short-term

In the short-term trend, EOS seems to have been engulfed by the bears while the long-term charts show the token making a safe getaway from the attack. The long-term now shows an imminent bull run. At the time of press, EOS was at $5.36, with a market cap of $4.8 billion. EOS, the fifth-largest cryptocurrency in the market, has seen a 1.61% fall in the 24-hour chart in the ongoing bear market. Like all the coins in recent times, EOS has been showing the bearish downtrend. 1-hour: The trend lines indicate a downward trend and have been in the downtrend direction for quite a while. The longtime support for EOS is at $5.39, while the resistance is at $5.64. The Bollinger Bands seem to be on the verge of convergence, indicating an almost immobile market. The candles are moving away from the upper Bollinger band and towards the center. The MACD histogram looks flat due to an even sell and buy pressure and MACD line has started to cross over the signal line towards the bottom, indicating a bearish move of the market. The Awesome Oscillator points out that the market momentum has slowed down because the red spikes are starting to diminish. 1-day: Similar to the 1-hour chart, the trendlines in the 1-day chart are in a downward trend, indicating that the bear has control over the market. The downward trend seems to be persistent since June and the price is in the range of $14.84 to $4.5. Resistance levels for the same can be found in the range of $6.19 to $7.06. The Relative Strength Index [RSI] line for EOS seems to be at the center indicating that the selling and the buying pressure are canceling each other out. The Parabolic SAR is showing a bullish trend since the dots are aligning below the candles. The Relative Vigor Index [RVGI] indicates a bullish trend as seen by the crossover. Conclusion: The 1-hour chart as discussed earlier seems to show all the signs of a bearish downtrend, as indicated by the MACD and the Bollinger bands. The 1-day chart, as indicated by the RSI, seems to be held at the center while the RVGI seems to present a bullish crossover. The post EOS Technical Analysis: Long-term trend shows consolidation as the bear rules short-term appeared first on AMBCrypto.

20 days ago

Bitcoin Stability Continues while XRP, VeChain, BAT, Verge, & Augur Making Good Gains

Bitcoin is trading near $6,500 maintain stability as volatility collapses. Meanwhile, XRP, VeChain (VET), Basic Attention Token (BAT), Verge (XVG), and Augur (REP) are up between the range of 4 and 7 percent. Bitcoin volatility collapses at $6,500 Bitcoin is maintaining stability for a long time now. At the time of writing, it has been trading at $6,497 with 0.56 percent gains. With a daily trading volume of $3.3 billion, as shown in the graph below, the price is being inactive lately with volatility crumbling. Bitcoin 1-year price chart, Source: Coinmarketcap The entire crypto market is currently seeing the greens as the total market cap adds over $2 billion. Meanwhile, BTC dominance is at 53.6 percent. XRP/USD The world’s 3rd largest cryptocurrency is up by over 4 percent while registering the daily trading volume of $432 million. Currently, trading at $0.4616, it is moving towards $0.4700 resistance level. XRP 24-hours price chart, Source: Coinmarketcap VeChain (VET)/USD Up by 6.13 percent, VeChain is making a lot of headway in IoT space while climbing to $0.01159. With its ecosystem continuing to grow, the prices are depicting a bullish picture. VET 24-hours price chart, Source: Coinmarketcap Basic attention token (BAT)/USD For the past week, BAT has been making a lot of gains on the anticipation of Coinbase listing. Trading at $0.2683, it is up by over 6 percent. BAT 24-hours price chart, Source: Coinmarketcap Verge (XVG)/USD At 41 rank, Verge also managed to make some gains at $0.0146 while rising upwards by about 4 percent with a daily trading volume of $5.1 million approximately. XVG 24-hours price chart, Source: Coinmarketcap Augur (REP)/USD At $14.01, the decentralized platform for predictions market, Augur is rising by 6 percent while managing the daily trading volume of $9.6 million. REP 24-hours price chart, Source: Coinmarketcap The post Bitcoin Stability Continues while XRP, VeChain, BAT, Verge, & Augur Making Good Gains appeared first on Coingape.

20 days ago

Why The Lamborghini is Cherished by Cryptocurrency Enthusiasts

The Lamborghini has for a long time been an emblem of wealth amongst cryptocurrency investors. The Italian brand luxury car is highly symbolic to crypto investors who are on the verge of cashing out. While investors urge themselves to “HODL” in order to acquire enough cryptocurrency and make valuable returns, cashing out to buy a Lamborghini is the only exception to this case which is largely endorsed in the cryptocurrency space. THE SIGNIFICANCE OF THE LAMBO TRADITION In February 2018, the internet was taken by storm when 35 year old Peter Saddington, an early cryptocurrency investor purchased a $200,000 worth Lamborghini Huracan with 45 Bitcoin. Saddington who invested in Bitcoin back in 2011, in the early years of Bitcoin had purchased all 45 btc less than $115. In December when Bitcoin price peaked, each of Saddington’s Bitcoin was worth $19,000. Revealing that he had been a “HODLER” for eight years, he urged fellow investors to do the same. When a new coin is launched, investors begin with skepticism due to the possibility of illegitimacy on the value of the cryptocurrency coin. The Lambo tradition however, signifies the height of a bullish outburst ; when the value of a coin skyrockets higher than its initial worth, enabling the investors to cash out in large amounts. ETHEREUM FOUNDER IS NOT A FAN OF THE LAMBO TRADITION “When Lambo”, a commonly used term in the cryptocurrency space has quite an in depth impact amongst cryptocurrency investors than most people probably know. The term attempts to predict when the cryptocurrency markets reaches a bearish milestone to enable coin holders purchase a Lamborghini. While cryptocurrency investors continue to hold strong to the Lambo tradition, the founder of Ethereum, Vitalik Buterin expressed his disapproval over the trend back in 2017 when a viral meme painting Buterin as a religious leader, stretching his arms forward with a Lamborghini in his hands ; a symbol which is meant to further promote approval. Responding to the meme via Twitter, Buterin said ; “If all that we accomplish is lambo memes and immature puns about “sharting”, then I WILL leave. Though I still have a lot of hope that the community can steer in the right direction.” A few cryptocurrency investors have recognized that there is indeed no inherent value in purchasing a Lamborghini. However, the intent behind the act remains one of great significance to cryptocurrency investors. The post Why The Lamborghini is Cherished by Cryptocurrency Enthusiasts appeared first on ZyCrypto.

21 days ago

#vergefam - Happy to announce that Verge is live on Delta Di...

#vergefam - Happy to announce that Verge is live on Delta Direct! All the latest @vergecurrency updates will now be… https://t.co/b9z09HDSIz

21 days ago

Bitcoin Cash [BCH/USD] Technical Analysis: Bear attack sees cryptocurrency slowly bleed red

The bear’s hold on the market does not seem to loosen with popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and Bitcoin Cash [BCH] all buckling under its weight. With investors calling the bottom on several cryptocurrencies, it still remains to be seen whether there will be any drastic changes to the support and resistance levels. 1 hour: The trend lines indicate a downtrend with the Bitcoin Cash [BCH] support holding at $426.80. The resistance of the cryptocurrency has been staying at a mark of $452.54 with the price only moving close to it just once. The downward trend also indicates a massive bearish drop from $443.56 to $437.51 in an hour. The Parabolic SAR shows a mix of bearish and bullish signals with the markers indicating sporadic bullish spikes and bearish falls. The indicator shows BCH staying more in the bear’s hold. The Awesome Oscillator shows signs of Bitcoin Cash staying predominantly bearish with a drop in market momentum. The graph also reveals that the bearish momentum has consistently surpassed that of the bullish momentum. The Relative Strength Index [RSI] directly points to BCH freefalling towards the oversold zone. This massive drop indicates an increase in the selling pressure over the buying pressure. BCH on the RSI graph has created a mix of movements tending towards the overbought zone as well as the oversold zone. 1 day: The trend lines indicate the support breaking multiple times over the last few weeks. This downward trend is marked by Bitcoin Cash falling to one of its lowest support levels this year. The current support for the daily graph is holding at $416. The Bollinger bands put BCH in the process of an outbreak end with both the bands converging, indicating a bearish price trend. The majority of the previous outbreaks mostly show BCH under attack by the bear, with the current outbreak reflecting the same. The MACD histogram is interspersed with bullish and bearish runs. At the same time, the signal line and the MACD line have converged with the MACD line on the verge of a bullish uptrend. Conclusion: The bearish market is likely to continue for some more time with a few bullish spikes in between. The Parabolic SAR, Awesome Oscillator, RSI and the Bollinger bands all point to a bearish run while the MACD is the only indicator betting on a bull reign. The post Bitcoin Cash [BCH/USD] Technical Analysis: Bear attack sees cryptocurrency slowly bleed red appeared first on AMBCrypto.

21 days ago

Joe Lubin Says the Crypto Market Has Never Been Stronger

The co-founder of Ethereum has said that the crypto market “is not on the edge of a collapse,” claiming that it has never been stronger than it is now. More People Involved in the Market Joe Lubin, the co-founder of Ethereum and the founder of ConsenSys, was speaking in a video interview with CNBC when he made his remarks. He said: Digital currencies are not on the edge of a collapse. We’ve seen lots of booms and busts in our ecosystem over the last nearly 10 years, and our ecosystem has never been stronger than it’s been. I measure that in terms of the number of projects, the number of people who have been drawn into the space, entrepreneurs, developers. Its order of magnitude is bigger than it was, and the foundational structure is getting built out. Speaking about regulation, Lubin said that he thinks there will be “lots of self-regulatory activity in our space.” He added: Bitcoin is a cryptocurrency, Ether has some characteristics of a cryptocurrency, but it’s really a crypto fuel or a crypto commodity, and so the Ethereum platform is a decentralised application platform. There are many blockchain-based or decentralized protocols and platforms, but none of those will need to be regulated. One doesn’t regulate technology, one regulates the use of the technology. His remarks come at a time when the Financial Action Task Force (FATF) revealed last week that it would be releasing its guidelines for crypto regulation. The Paris-based financial watchdog is expected to launch them by June 2019. The hope is that it will reduce risks associated with the crypto market. Yet, for many, the idea of this goes against the whole idea of a decentralized industry. However, at the same time, it illustrates that people outside the crypto industry are beginning to take it more seriously. This can only be a good thing for the market. Japan’s Self-Regulatory Approach In April, the Japan Virtual Currency Exchange Association (JVCEA), a self-regulatory body, established itself in the country. Consisting of some of the largest licensed crypto exchanges in Japan, it is working at improving operations within the nation following the hack at Tokyo-based exchange Coincheck. In a bid to protect users’ funds online, it was reported in September that the group is planning to tighten rules on asset management. This includes the amount of cryptocurrency managed online. Do you think the crypto market is on the verge of a collapse? Let us know in the comments below. Images courtesy of Shutterstock. The post Joe Lubin Says the Crypto Market Has Never Been Stronger appeared first on Live Bitcoin News.

22 days ago

This Week’s Verge Coin News: Nascar, a Partnership and XVG Mass Adoption Drive

The Verge (XVG) team and community, have both been on a drive to increase the mass adoption of the digital asset all over the globe. The most recent has been a voting competition to get listed on NetCoins: a virtual crypto ATM and Over the Counter service provider. Voting To Get ‘Listed’ on NetCoins XVG Core developer, Manual Cabras, issued the following request to the Verge family in terms of voting for XVG to get listed/supported on the platform. Dear #vergefam, we applied for NetCoins and now need you to vote! Rules : - 1 vote per day - No fake votings, no bots! - Only e-mail is required (remember to verify the first time!) - it’s free (of course) The voting has since been closed. Netcoins is currently reviewing all votes cast before announcing the winner next week. XVG was leading, in terms of votes, before the event ended. NetCoins has assisted thousands of customers to buy and sell Bitcoins. The firm provides a virtual Bitcoin ATM software that provides merchants and retailers with an easy way to sell BTC in their stores. If the vote by the Verge community is successful, XVG will be supported on the platform. Partnership with NetCents A join agreement between NetCents and Verge was announced on the 16th of October. The agreement is mutually beneficial in that NetCents will become a vendor of choice for XVG. In turn, Verge will promote the NetCents platform through its vibrant social media and marketing channels. The agreement goes on to explain the following: NetCents will become a vendor of choice for Verge and Verge will promote the NetCents platform through its social media and marketing channels. NetCents will work to fully-integrate Verge into the NetCents ecosystem including: merchant gateway, user portal, and credit card and Instant Settlement programs, as well as promote the inclusion of Verge to NetCents merchants. NetCents and Verge will continue to work together on developing and leveraging value-added opportunities as they arise NASCAR Unbeknownst to many is that there is a European NASCAR series that is as exciting as the original American Version. It was create in 2008 and its first season was in 2009. It is with this background that Euro Nascar driver Gil Linster, of the #44 SS Chevrolet Race Car, represented Verge at the final event in the Whelen Euro Series just yesterday, October 20th. In the tweet (below) making the announcement, the Verge logo can be seen on the NASCAR race-car and his Helmet. #EU #Nascar Driver Gil Linster #44 will be representing #VERGE on his SS Chevrolet at the final event in the #Whelen Euro Series season - October 20th on the Zolder raceway in #Belgium.#Vergecurrency #XVG #GilLinster #NascarWhelenEuroSeries #Luxembourg pic.twitter.com/wrBgaxBJJE — vergecurrency (@vergecurrency) October 19, 2018 Conclusion The Verge (XVG) cryptocurrency project has come a long way since it almost lost the faith of its community on several occasions in the last few months. However, the team and community has learnt and grown from the past. Together, they are constantly making the project and coin great through their various efforts in terms of technical developments and mass adoption. [Image courtesy of @VergeCurrency on Twitter] Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post This Week’s Verge Coin News: Nascar, a Partnership and XVG Mass Adoption Drive appeared first on Ethereum World News.

24 days ago

Litecoin price analysis: Short term rising wedge, long term falling wedge

Litecoin price analysis: Short term rising wedge, long term falling wedge Rising wedge breakout on the verge on the short term chart. Falling wedge breakout occurs, pending confirmation on the long term. Litecoin the cryptocurrency, has a typcial thing to tackle at this moment wherein it has a rising wedge bearish pattern on the short

24 days ago

Crypto Update: Altcoin Market Cap on the Verge of Trend Reversal

Crypto Update: Altcoin Market Cap on the Verge of Trend Reversal Fund managers and investors often rely on a market index to get a general sense of where the market may be headed. Usually, an index is the weighted average of the largest or the best performing equities in the market. For example, the Standard

24 days ago

Attacker pledges to make 51 percent attacks a spectator sport

After attacks on Verge and Bitcoin Gold, the vulnerability of many altcoins to 51 percent attacks has been highlighted again by an anonymous Tweeter who has revealed plans to live stream attacks of low hashrate coins

24 days ago

ZCash Price Heads to $125 as Coinbase Listing Rumors Persist

Today is a very unusual day in the world of cryptocurrencies. Especially in the altcoin department, things are looking a lot more positive than they have in a while. Although most of the gains are not notable, the optimism is certainly present. ZCash is the biggest gainer of the day in the top 20, as its value is on the verge of surpassing $125 again. ZCash Price Continues its Rise While most altcoin speculators wouldn’t mind seeing ZCash in the cryptocurrency market cap top 10, it seems that will not happen anytime soon. After a very troublesome trading period throughout 2018, the altcoin has lost a lot of its market cap and volume. That situation is slowly mending itself again, as any uptrend needs to be welcomed with open arms these days. Over the past 24 hours, there has been a notable increase where the ZCash price is concerned. A solid 5% gain in USD value and a near equal gain over Bitcoin show this particular altcoin is in relatively high demand right now. This is primarily because of a rather healthy trading volume, resulting in $87.4m worth of ZEC changing hands. Traders and speculators are convinced the ZEC price will turn even more bullish in the near future. The ascending triangle has been broken in the meantime, and it seems a strong push upward can be expected. For now, breaking the $125 level will be a big challenge, although it can be overcome with some effort. Have you seen anything more bullish #ZEC pic.twitter.com/YKkvozQvzp — crypto-top-cat (@cryptotopcatt) October 20, 2018 As is always the case in the world of cryptocurrency, there is an interesting arbitrage opportunity to take advantage of. Buying ZEC on the Sistemkoin exchange and selling it on HitBTC can yield a pretty interesting profit. Both exchanges have relatively little volume, though, thus no big money can be made from exploring this opportunity. #ZECBuy at #Sistemkoin and sell at #HitBTC. Ratio: 2.37%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC — Arbing Tool (@ArbingTool) October 20, 2018 There is also a rumor ZCash could find its way to the Coinbase trading platform moving forward. After adding 0x, speculation has been running wild in this regard. The company made it clear Basic Attention Token, ZCash, XLM, and Cardano are all of interest to them. That doesn’t mean either of these will be added soon, though. CHEAT SHEET! Lets not forget that coinbase released their plan for new coin additions. Rumor has it that Basic Attention Token is next, followed by one of the following - Zcash, Stellar Lumens, and Cardano#Coinbase #Crypto #ZRX #BAT #ZEC #ADA #XLMhttps://t.co/00BcuNl3Iy — Esoteric (@Esoteric_Crypto) October 20, 2018 With all of the statistics for ZCash looking rather promising right now, it seems breaking through the $125 barrier is merely a matter of time. When that happens, it is possible holders will take profit or the market will continue to push through even further. How things will play out will be very interesting to keep an eye on over the weekend. The post ZCash Price Heads to $125 as Coinbase Listing Rumors Persist appeared first on NullTX.

24 days ago

ZCash Price Heads to $1235 as Coinbase Listing Rumors Persist

Today is a very unusual day in the world of cryptocurrencies. Especially in the altcoin department, things are looking a lot more positive than they have in a while. Although most of the gains are not notable, the optimism is certainly present. ZCash is the biggest gainer of the day in the top 20, as its value is on the verge of surpassing $125 again. ZCash Price Continues its Rise While most altcoin speculators wouldn’t mind seeing ZCash in the cryptocurrency market cap top 10, it seems that will not happen anytime soon. After a very troublesome trading period throughout 2018, the altcoin has lost a lot of its market cap and volume. That situation is slowly mending itself again, as any uptrend needs to be welcomed with open arms these days. Over the past 24 hours, there has been a notable increase where the ZCash price is concerned. A solid 5% gain in USD value and a near equal gain over Bitcoin show this particular altcoin is in relatively high demand right now. This is primarily because of a rather healthy trading volume, resulting in $87.4m worth of ZEC changing hands. Traders and speculators are convinced the ZEC price will turn even more bullish in the near future. The ascending triangle has been broken in the meantime, and it seems a strong push upward can be expected. For now, breaking the $125 level will be a big challenge, although it can be overcome with some effort. Have you seen anything more bullish #ZEC pic.twitter.com/YKkvozQvzp — crypto-top-cat (@cryptotopcatt) October 20, 2018 As is always the case in the world of cryptocurrency, there is an interesting arbitrage opportunity to take advantage of. Buying ZEC on the Sistemkoin exchange and selling it on HitBTC can yield a pretty interesting profit. Both exchanges have relatively little volume, though, thus no big money can be made from exploring this opportunity. #ZECBuy at #Sistemkoin and sell at #HitBTC. Ratio: 2.37%#bitcoin #arbitrage #arbitraj #arbingtool https://t.co/xiFUPzcOcC — Arbing Tool (@ArbingTool) October 20, 2018 There is also a rumor ZCash could find its way to the Coinbase trading platform moving forward. After adding 0x, speculation has been running wild in this regard. The company made it clear Basic Attention Token, ZCash, XLM, and Cardano are all of interest to them. That doesn’t mean either of these will be added soon, though. CHEAT SHEET! Lets not forget that coinbase released their plan for new coin additions. Rumor has it that Basic Attention Token is next, followed by one of the following - Zcash, Stellar Lumens, and Cardano#Coinbase #Crypto #ZRX #BAT #ZEC #ADA #XLMhttps://t.co/00BcuNl3Iy — Esoteric (@Esoteric_Crypto) October 20, 2018 With all of the statistics for ZCash looking rather promising right now, it seems breaking through the $125 barrier is merely a matter of time. When that happens, it is possible holders will take profit or the market will continue to push through even further. How things will play out will be very interesting to keep an eye on over the weekend. The post ZCash Price Heads to $1235 as Coinbase Listing Rumors Persist appeared first on NullTX.

24 days ago


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