Verge XVG

$0.0070
Market Cap $ 109.845 MM (#55)
24h Volume $ 1.720 MM
Chg. 24h: -1.30%
Algo. score 4.0/5  (#37)
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Verge News

@Rouven85539729 @tokensuisse Of course. Verge is our partner...

@Rouven85539729 @tokensuisse Of course. Verge is our partner. @TokenSuisse has already been in contact with the tea… https://t.co/L6Eu4odfey

5 days ago

Ethereum Price Analysis: Is it ‘Break’ Time?

It’s been a fairly uneventful weekend for Ethereum (ETH). Bitcoin’s inability to break above $4,000 appears to place a damper of momentum within the wider market. A break seems imminent — but in which direction? One-Hour Chart Ethereum is steadily consolidating into a tighter range, notching lower highs and seemingly on the verge of dropping below the 12 and 26 EMA on the 4hr chart. The 4hr...

7 days ago

Starbucks Will Laugh if You Still Use Cash in 3 Years: Bitcoin Bull Draper

Bitcoin bull Tim Draper has predicted that by 2022, coffee lovers will be routinely buying their fix at Starbucks using bitcoin and other crypto assets. Draper: Bitcoin Will Dominate Starbucks Transactions In a podcast interview with NBC Bay Area, Draper said that the cryptocurrency is on the verge of making the US dollar redundant: “I think when you go to Starbucks to buy a cup of coffee, and you try to pay with dollars, they will laugh at you because you are not using bitcoin or other cryptocurrency. They’ll laugh at you - it will be like the old lady The post Starbucks Will Laugh if You Still Use Cash in 3 Years: Bitcoin Bull Draper appeared first on CCN

10 days ago

Análise do TradingView: Bitcoin, Litecoin e RVN

Confira como os analistas do TradingView estão tratando os úlimos movimentos das criptomoedas! Ravencoin / Bitcoin RVN é uma criptomoeda movida no momento por uma manada ensandecida. Cuidado! RSI bateu quase 93 pontos há poucos dias atrás e testa topo anterior do ativo em outubro do ano passado. Preço poderá voltar à casa dos 405 satoshis, assim como aconteceu há meses atrás com a Verge (XVG). Bitcoin / Dólar Americano Podemos considerar um canal de leve alta verde no gráfico bitcoin de quatro horas desde Dezembro. Devido a alta de ontem, tivemos um novo teste do eixo do canal (pontilhado verde) e a formação de sombras superiores nessa região, vem demonstrando sua importância. Caso o mercado confirme a rejeição, próximos suportes em: - 3700 referente a retração de 0,618 e pico de perfil de volume - 3500 importante por ser o fundo do canal verde, última retração de fibo (0,786) e grande pico de perfil de volume Rompendo o eixo do canal temos como próximas resistências: - 4000 como forte resistência psicológica, - 4150 mas aparentemente não muito importante - 4300 como alvo final referente ao topo do canal verde e fundo do canal vermelho de 2018. Enquanto nos mantermos dentro do canal de alta, podemos manter sua operação em trades rápidos, mas a tendência lateral no gráfico diário e a tendência de baixa no semanal pode dificultar bastante as operações, portanto muito cuidado! O grafico Bitcoin 1d mostra o forte suporte criado na MA 100, dando um apoio essencial aos Touros para a reversão de queda no curto prazo, além disso, a MA 5 efetuou um cruzamento de alta sobre a MA 10 e uma possível nova tentativa de alta, acima de US$4.190 (máxima de 01/2019) pode estar no jogo e esse viés otimista só perderá força, caso o BTC venha a retestar e encontrar aceitação abaixo de US$3.640 (mínima de 27/02/2019). Litecoin / Dólar Americano Hoje analise do Litecoin moedinha que vem fazendo um ótimo movimento altista, com volatilidade pelo ATR e dando bons lucros a quem pegou os swings nos tempos mais baixos. Chegamos na resistência, o ponto mais importante no momento onde espero retração. O preço indica breve queda e por isso tracei uma pequena LTA , boa nos 240m, para nortear a retração de curto prazo. No caso de rompimento dela, teremos um movimento maior de correção buscando no máximo os 41,32 no suporte. No caso de uma nova pressão compradora levando a romper a atual resistência, penso que o preço não deve avançar muito além da proxima resistência dos topos em 63,27. Sigo assistindo buscando oportunidade de compra no suporte da LTA nos meados de 49 e no suporte do canal em 41. Possível triângulo ascendente no BTCUSD pode levar a $5,500 pelo menos. Segurou duas vezes no meio do canal de baixa e pode estar mostrando força dos comprados. Disclaimer: Análises aqui são apenas estudos. Não são recomendações de investimento, nem de compra nem de venda. Tampouco refletem a opinião do veículo de mídia no qual estão sendo vinculadas. São estudos direcionados a pessoas com conhecimento e experiência no mercado. Se você não tem experiência, não opere. E se tiver experiência, não opere também. Nossos Autores: Escola do Bitcoin - Focado no educacional, analisa o mercado de Criptomoedas, Site. Confira suas análises no TradingView. Thales Inada - É o Bonsai Trades, analista focado em Criptomoedas. Acompanhe suas análises no TradingView. Coinder Trade - É DayTrader de criptomoedas. Acompanhe suas análises no TradingView. Gabriel Fauth - Especulador de mercados internacionais, Chefe de Operações na X Invest. Litecoin / USD Alexandre Rocha - Analista focado em Criptomoedas. Acompanhe suas análises no TradingView. Saiba mais em Análise do TradingView: Bitcoin, Litecoin e RVN

10 days ago

Verge Price Analysis: Privacy alternative makes recent progress

The price of XVG has gathered upward momentum after a recent codebase release. However, relevance remains a challenge given the number of competing privacy coins.

10 days ago

Ethereum Price Analysis: ETH Makes the Long Slog Back Toward $165

By no,w Ethereum’s hardfork hype has passed and traders are probably pleased by the swing opportunities and bullish behavior exhibited by the price of ether (ETH). A move above the $140 resistance could open the doors for a run back to $165. Over the past few days, ETH 00 broke the $127, $130, $134 and $136 resistance and, now, is on the warpath to tackle the $140 resistance. Daily Chart The daily chart is set up nicely with the MACD on the verge of a bullish cross. The MACD bullish cross on the daily and 4-hour chart has been a fairly reliable indicator to use for entries and exits. The Stochastic RSI is quickly approaching bullish territory. 1-Hour Chart ETH is meeting resistance at the 100-MA which aligns with the 38.2 percent Fib retracement level on the four-hour chart. ETH is well above the 12 and 26 exponential moving averages and, in the event of a pullback, the former resistance at $136 and $134 should serve as support. $134 also rests along the ascending trendline. Above $134, ETH appears ready to have a go at $145 — assuming BTC concurrently crosses above $4,000. Previous attempts at $140 met sellers, so sustaining above this level for a four-hour close is necessary. Swing traders could wait for a possible third rejection at $140 or keep an eye on the order book, as selling pressure appears ready to increase once ETH reaches $145. More aggressive traders could set a market buy above $142 or $146 with a stop at $140 or $144. Happy trades, friends! Do you think ETH will tackle $145 over the next 48-hours? Let us know what you think in the comments below! Trade Bitcoin (BTC), Litecoin (LTC) and other cryptocurrencies on online Bitcoin forex broker platform evolve.markets. [Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by Bitfinex and Coinbase. The charts for analysis are provided by TradingView.] Images courtesy of Shutterstock, TradingView. Market data sourced from Bitfinex and Coinbase. The post Ethereum Price Analysis: ETH Makes the Long Slog Back Toward $165 appeared first on Bitcoinist.com.

11 days ago

Cash ‘on the Verge of Collapse’ While Bitcoin Transactions Near Record Highs

A new report claims that cash is “on the verge of collapse” in the UK, with cash transactions expected to almost vanish in the next decade. Meanwhile, bitcoin transaction volume is surging towards an all-time high and mainstream vendors like Starbucks and Krogers are considering methods of cryptocurrency payments. The outdated cash infrastructure is set to be eclipsed. And bitcoin is positioning itself to replace it. The Access to Cash Review says that the current rate of decline would mean cash use in the UK would end in 2026. #digitalpaymentshttps://t.co/ZnXgQRUaGS — Swissquote (@Swissquote) March 6, 2019 Cash Is “on the The post Cash ‘on the Verge of Collapse’ While Bitcoin Transactions Near Record Highs appeared first on CCN

12 days ago

Coinbase Parts With Hacking Team Members: Does It Really? And Some Words About The United Crypto Community

In what seems like an attempt to show community compliance, Brian Armstrong, the CEO of the leading US-based veteran exchange Coinbase, said that the company would part with former members of the Hacking Team. But is there more to that story? What Has Happened? In an official blog post dated February 19th, Coinbase announced the acquisition of the blockchain intelligence platform Neutrino. Per the release, the move was geared at preventing theft of funds, investigating ransomware attacks, and identifying bad actors in general. The post also revealed that Neutrino’s technology is “the best Coinbase has come across in this space”, and that it will help ensure compliance with local regulations and existing legal frameworks. It wasn’t long after that, however, when things went south: The cryptocurrency community immediately rang the alarm regarding some of Neutrino’s staff members. The blockchain intelligence platform’s CEO, Giancarlo Russo, previously served as the Chief Operating Officer at the Hacking Team - an Italian-based venue with questionable, to say the least, reputation. Other members of Neutrino were also part of the organization. In a report from 2013, The Verge revealed that the Hacking Team has been selling commercial hacking software to the police. The venue’s spyware supposedly enabled its clients to engage in numerous surveillance activities. Brian Armstrong, Coinbase CEO. Source: Fortune Commenting on the matter was the Director of Institutional Sales at Coinbase, Christine Sandler. As Cryptopotato reported, Sandler revealed that the exchange was well aware of Neutrino staff members’ previous occupation. She also said that client data of Coinbase’s users was sold by third-party providers, hence adding more fuel to the fire. Sandler justified Coinbase’s acquisition with Neutrino’s proprietary technology that they “could leverage to keep the data safe and protect our clients.” The cryptocurrency community, however, wasn’t going to have it. That’s how the trending hashtag #DeleteCoinbase started gaining massive momentum on social media. The movement encouraged cryptocurrency users to delete their Coinbase accounts after the acquisition effectively. Brian Armstrong ‘Apology’ Post Here’s where Brian Armstrong, Coinbase’s CEO stepped in with an official post he wrote on the matter. Titled “Living up to our values and the Neutrino acquisition,” Armstrong admitted that they “had a gap” in their diligence process and failed to properly evaluate “everything from the perspective” of their mission and values. As a result, the exchange, alongside Neutrino, decided to part with the platform’s members who previously worked at Hacking Team, saying that they will “transition out of Coinbase.” The motives: their prior work apparently conflicts the exchange’s mission. And while Armstrong’s attempt to rectify the situation, providing what seems much like an apology to the cryptocurrency community does look like a step in the right direction, it seems to raise more questions than it answers. For once, there is an apparent lack of information regarding the exact members who will be transitioned out of Coinbase. No names have been provided whatsoever. Besides, there’s also a desperate need for more details on the matter of Coinbase selling their own user’s data through third-parties. Strong United Crypto Community The good thing of all this is that the situation revealed that the cryptocurrency community is capable of quickly organizing itself against ambiguity and lack of transparency - something that cryptocurrencies are geared to shake off in the first place. Final words: Coinbase indeed listened to the community voice. This should serve as a wake-up call for many crypto projects, especially particular ICOs, that favor their founders and team on behalf of the community, who raised money for their project. The post Coinbase Parts With Hacking Team Members: Does It Really? And Some Words About The United Crypto Community appeared first on CryptoPotato.

12 days ago

Binance Coin [BNB] Price Analysis: A Confirmed Breakout Materialized

The price of BNB/USD recently broke out of the previous resistance and is currently moving upward with strength. The current 12-hour candle is a bullish engulfing one. However, the price has generated bearish divergence in both the medium and short-term. In the short-term, the price has been following an ascending support line for the past 6 days and is in the process of creating a double top pattern. Key Highlights There is major resistance near $14. There is support near $12. Price is trading above medium and short-term moving averages. There is medium-term bearish divergence developing. Binance Coin Analysis - BNB/USD - 12-Hours Chart Chart Source: Tradingview, Binance A look at the 12-hour chart for BNB/USD shows that price recently broke out of the $12 area of resistance in significant volume (Black arrow). The current candle is a bullish engulfing candle. The price is currently trading at $12.9, close to the $14 area of resistance. As for the indicators, the price is trading above the 7 and 21-period moving averages which have made a bullish cross and are moving upward with strength. There is a strong bearish divergence developing in the RSI, which is currently at 72, inside the overbought territory. The MACD has made a bullish cross and is moving up, but there is bearish divergence developing. Binance Coin Analysis - BNB/USD - 30-Minutes Chart Chart Source: Tradingview, Binance A look at the 30-minutes chart for BNB/USD shows that the price has been following an ascending support line for 6 days and 10 hours since the bottom at $10. We can see that the current upward movement was done in significant volume, which albeit has been decreasing. It is possible that the price is on the verge of making a double top pattern (bearish reversal). As for the indicators, there is bearish divergence developing in the RSI, which is trading at 72, in oversold territory. The MACD is in the process of making or rejecting a bearish cross. The post Binance Coin [BNB] Price Analysis: A Confirmed Breakout Materialized appeared first on Coingape.

13 days ago

Cardano (ADA) Poised For Its Biggest Run Up In Months

Cardano (ADA) is poised for its biggest move in months. The price broke above its historical trend line resistance in December, 2018 but the price did not react as aggressively as the market was down. Since then, ADA/USD has been trading sideways for the most part with limited moves to the upside followed by moves to the downside. However, this time the price has declined significantly to its trend line support and the near term outlook is more bullish than it has been in months. The 50 day moving average has come extremely close to the 200 day moving average which means the next ADA/USD rally to the upside has a strong probability of triggering a golden cross. If Cardano (ADA) succeeds in triggering that golden cross during its next move to the upside, we could see a sustained rally that should see the price rise towards $0.1 in the weeks ahead. Cardano (ADA) is a very promising project with a lot of potential and investors have long been waiting to see the price descend to such low levels where they can accumulate. The price is currently down more than 5% for the day which present a very good opportunity for accumulation. The daily Stochastic RSI as well as the RSI for ADA/USD shows that the price is ready for a strong move to the upside during the next rally. Cardano (ADA) was in the spotlight during most of 2017-18 but during the past few months we have seen the market ignore it. Chart for ADA/BTC (1D) Projects like Zilliqa (ZIL) seem to have taken Cardano (ADA)’s place and have received most of the attention that used to be directed towards Cardano (ADA). However, one thing we have seen in this market is that the whales take turns with different cryptocurrencies to make consistent gains. For instance, they did this with Stratis (STRAT) in the past, now it is more like a forgotten project. Then they did it with Verge (XVG) which received a lot of attention and then was suddenly not heard of anymore. Recently, they have been doing it to Zilliqa (ZIL) so much so that the cryptocurrency is now heavily overbought. Amid all the pumping and dumping, people have forgotten about projects of real value that have the potential to stay relevant in the market long term. There was a time in this market when you could have invested in anything and expected a huge return on investment. Maybe that period is still not over yet but we are increasingly heading towards market maturity when all the weak projects will be shaken out and those that can prove that they are actually doing something of value will stay. Cryptocurrencies like Verge (XVG) that have little to no reason to exist in the presence of a strong competitor like Monero (XMR) especially when they have nothing new to add will soon be wiped off the market. When that happens, only projects like Cardano (ADA) that are focused more on applications of the blockchain rather than the blockchain itself will succeed.

14 days ago

OxyContin Maker Purdue Pharma ‘Engineered’ the Opioid Crisis. Now it’s Getting What it Deserves.

Purdue Pharma, the maker of OxyContin, is reportedly on the verge of filing for bankruptcy as a way to help settle the thousands of lawsuits it faces in response to the opioid epidemic that has caused thousands of deaths and left many areas of the United States ravaged. OxyContin Creator Reportedly on Verge of Bankruptcy The lawsuits claim that Purdue Pharma, and the secretive Sackler family who owns it, used misleading and possibly illegal tactics to have OxyContin approved by the federal government in 1995. The Massachusetts Attorney General’s office went so far as to allege that Purdue Pharma engineered The post OxyContin Maker Purdue Pharma ‘Engineered’ the Opioid Crisis. Now it’s Getting What it Deserves. appeared first on CCN

14 days ago

1xBit Invites Fans to Predict Their UEFA Champions League Favourites

Every year the top European football clubs compete in the UEFA Champions League. It’s a moment for sports fans and football players alike to see excellent football and who is the top European club. As with anything else, nobody knows exactly which club will win. But, people usually make predictions based on stats. 1xBit is now giving all fans a chance to participate in putting coin on their favourite team to win for the 2019 UEFA Champions League with a promotion running from February 15, 2019 until May 30,2019. Round of 16 Overview For those that may be deciding which team to favourite for this year’s Round of 16, some analysts suggest that Juventus, Real Madrid, PSG, FC Bayern, Manchester City, FC Barcelona and AS Roma will proceed to the round of 8. Some of these Round of 16 contests may be quite close such as Juventus and Atletico Madrid, so it may be a real nail biter. For that reason, it’s even more important to place bets on the winning team to get a bit of an adrenaline rush. The winner will proceed to the next round after a hard fight. After getting through the Round of 16, then teams will go on to play the quarterfinals, semifinals, and finally the final. Some predictions show that Barcelona, Madrid, and Bayern are favourites to win. But, don’t exclude an outsider like Liverpool who might still pull a stunt and manage to stun all. It’s really anyone’s game and an opportunity for fans to sit on the edge of their seats and watch the matches unfold. How to participate in the promotion? To participate in placing bets for the Round of 16 or any other round of the competition, all fans should just register or log in, then make any predictions keeping in mind that the minimum stake is 2 mBTC or the equivalent in the account currency. Don’t forget that the bet must be placed after a prediction has been made and on the same day by 23:59 GMT+3. If the player correctly guesses the score of the match that he or she made a prediction about, then the points will be accumulated as follows: Round of 16 - 10 points per match (max of 160 points), Quarterfinals - 20 points per match (max 160 points), Semifinals - 40 points per match (max 160 points) and finally the final of 80 points (max 80 points). One important note is that there are no restrictions on predictions made, but once a prediction is made, it cannot be changed. Got to the top! The luckiest will be announced after the final game and all the prizes will go to the winners. Those who will earn the highest amount of points will get 1 BTC, second place wins 10 ETH, third place wins 100 BTG, fourth place wins 1,000 XRP, fifth place wins 10,000 XVG, then places six to ten win points. The sixth place winner wins 2,500 points, seventh wins 2,000 points, eighth wins 1,500 points, ninth wins 1,000, and the tenth place finisher wins 500 points. All in all, there are lots of prizes to be won and a great opportunity to do it. It’s all about making the right predictions for the right teams. But, it may also be a little bit of luck, because maths and stats don’t solve everything. The most important thing is to have fun and enjoy the matches. The post 1xBit Invites Fans to Predict Their UEFA Champions League Favourites appeared first on ZyCrypto.

14 days ago

Good News From GG World and Significant Developments Underway

GG World Lottery - one of the most promising STO projects, has some good news for its investors. Provoked by the trust put into the project and its significant milestone achievements, the team has prolonged the fundraising period with 31 more days. What Happened so Far? GG World Lottery started its path with a mission to disrupt an industry which is in a desperate need of improvement. During the few short months of its security token offering (STO), the project has managed to raise over $6 million and it had achieved landmark milestones, part of its ambitious future plans. One of the most important things that took part throughout the last few weeks was the acquisition of the Gaming Laboratories International (GLI) certification. GLI is one of the most reputed venues in the field and it is accredited through ISO 17065:2012 and ISO 17025:2005. It works on behalf of gaming authorities and its job is to verify technical compliance. Its splendid work on the matter gained the trust of over 475 jurisdictions throughout the entire world. Obtaining a GLI certification means that the games offered on the certified platform are entirely safe and secure for both the operator and its players. The certification verifies the reliability of GG World Lottery’s True Random Number Generator and the blockchain layer. The former guarantees that the draws take place as per the quantum physics principles of true randomness in the world, while the second guarantees their verifiability, transparency, and authenticity. That’s Not All One of the most serious value propositions of GG World lies within its ambitious marketing plan to launch government-backed lotteries in one of the most rapidly developing markets in the world - Africa. Significant achievements were made in this regard as well. GG World is on the verge of launching the first national lottery in Zambia - Lotto Zambia. An Expression of Gratitude In an attempt to express its gratitude towards all the investors who put their trust into the project, the team has decided to effectively increase the quarterly dividends from 0.1 percent to 1 percent. This is also because recently there were signed contracts with last-minute investors. This is just the team’s way to say thank you to anyone who took part in the STO and for the trust that they’ve put into it. Moreover, the good news keeps on piling. The team has managed to attract a number of last-minute institutional investors who’ve also decided to participate after seeing a closed event presentation of the system behind Lotto Zambia. This is the reason for which GG World has extended the term of the STO with one more month, meaning that you can still participate in it from March 1st until March 31st in the last 31 days of its sale. If you want to learn more about the project, you can take a look at the project’s official website. Additionally, you can also subscribe to the project’s Twitter and Facebook page in order to receive timely updates on the progress. What do you think of GG World’s STO? Don’t hesitate to let us know in the comments below! The post Good News From GG World and Significant Developments Underway appeared first on Live Bitcoin News.

14 days ago

Feeling It: Cryptocurrency Consumer Goods And 2020 Vision

The narrative is all about how 2018 was a terrible year for crypto. And yes, the market correction after a false bubble always gets people. But it’s not a sign of the failure of crypto - the industry grew while the market shrank. I spent 2018 researching the ever-changing top 100 cryptocurrencies by market cap. By the end of 2018, I finally reinvested in crypto (I dabbled in BTC and LTC in their early years) and had a slew of crypto-themed socks and coins. These days I’m flossin in my blue-collar Lambo (read: the 2011 Ford Fusion my paychecks afford me) and an upgraded one-bedroom apartment in a nicer part of town. But it’s not just personal fortune that gives me hope for crypto and blockchain moving toward 2020. Cryptocurrency and blockchain are on the verge of breaking through and becoming ‘real’... You Can’t Floss a Bitcoin There’s a reason we focus more on the markets than anything else - it’s how we all judged Bitcoin, whether we like to admit it or not. But besides buying a Lambo and renting Mike Tyson’s old Las Vegas mansion, everyone found it hard to show off their newfound crypto fortunes. Like an E! True Hollywood Story of lottery winners, child celebrities, and other new money, people went to zany extremes to “feel” rich with their newfound wealth. Even I found it hard to explain my newfound enthusiasm in crypto. Blockchain, trust systems, mining algorithms, forks, and distributed ledgers don’t make for interesting holiday conversations. I mostly just smile and talk about the weather. Bitcoin made real people real money. Crypto and blockchain are real markets with real technological innovations, products, and services. But I didn’t have anything real I could show people. I could only talk about it, and the Snowflake Generation is known for being all talk. We live in a “pics or it didn’t happen” society, and the graphs were only cool pics to show people when they were skyrocketing upward in an unnatural way. It was in the weeks following CES 2019 that I came up with the answer - consumer products. It’s Real If You Can Touch It Reality is a great philosophical debate. What’s real, anyway? As a bank whistleblower, my debate against the reality of economics is this: it won’t hurt as much if I throw economics in your face, as it would if tossed a rock at you. Some people don’t even believe space is real because they haven’t seen it. You’re never going to convince a flat-earther about the utility of PoS over PoW. Cryptocurrency and blockchain have thousands of use-cases, but what I believe will be the breakout star through 2020 are the consumer goods. Here’s a quick rundown of what I’ve been pulling in over the past few months to get hands-on with: Disclaimer - The author may have received some of these products for free for purposes of providing hands-on reviews. No financial consideration was given, and this list does not contain affiliate links. Hardware and Cold Wallets OpenDime Ledger Nano S Trezor Model T ARCHOS Safe-T SecuX W20 Denarium Bitcoin D’Cent BitBox Crypto Seed/Key Storage Cryptosteel Blockplate ColdTi Yubico Yubikey Crypto Key Stack Billfodl This isn’t even close to all of them. There are also cards, phones, and so much more crypto gear on the way. In fact, if you make any physical crypto products, send them my way - I’m working on more video content, and those work great. You can reach me at brianpenny@cryptobriefing.com or on social media, or in our Telegram group. Because I’ll be adding these products to my cryptocurrency intro guide load to make sure we introduce the world to these physical products. More are popping up all the time, and sooner or later, one of these products is going to become iconic. It’ll show up in movies and on popular YouTube feeds. Everyone will own one. Each release will be heralded like the next Galaxy or iPhone. That doesn’t necessarily mean these companies are going to generate the type of revenue B2B enterprise-grade blockchains will. They’ll just become the public face - the mascot that Bitcoin only is in spirit. Mickey Mouse may be the face of Disney, but it’s Disneyland and those Mickey scalps everyone wears (s/o to Norm Macdonald). I’ve been investing in cryptocurrencies since late December, and the market has been great to me. I have a lot to smile about. When people ask why, I pull out a shiny object and let them hold it as I explain how much deeper the rabbit hole goes than Bitcoin. It’s my Goldilocks zone between the douchebaggery of showing them a Lambo, or giving a speech on abstract tech and finance topics. I suggest you try it. The author is invested in digital assets, including Bitcoin and Litecoin, which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Feeling It: Cryptocurrency Consumer Goods And 2020 Vision appeared first on Crypto Briefing.

14 days ago

Verge (XVG) Mysteriously Jumps 11% After Mining Code Malfunction

Verge (XVG), a privacy-oriented cryptocurrency that has suffered various attacks throughout its history, has mysteriously seen its price jump over 11% in the last 24 hours, even after seeing mining code malfunctions that saw its developers consider a transition to Proof-of-Stake (PoS).

14 days ago

Verge Price Gains Over 11% as Market Turns Bullish Suddenly

Weekends are always interesting when it comes to price changes affecting different cryptocurrencies. Although not all of the momentum is bullish, it appears the Verge price is trying to move up in rather quick succession. Following some very strong progress in the past few hours, there is a chance Verge might actually re-enter the market cap top 50. Verge Price Surge Begins Taking Shape It has gone relatively quiet on the Verge front as of late. Although this altcoin has attempted to break free from Bitcoin and the rest of the pack on many occasions, none of those efforts have garnered much attention for more than a few days on end. Even its partnership with Pornhub failed to impress the masses. Even so, the project is still going very strong these days, and its price is moving up rather nicely. To put this in perspective, the past 24 hours have been rather interesting for XVG. Following an 11.3% increase in both USD and BTC value, the Verge price now sits at $0.006749, or 176 Satoshi. Combined with nearly $12m in trading volume, there is a genuine chance this push may remain in place for the remainder of the day. On social media, there has never been a shortage of opinions regarding Verge. West Coasts Finest claims Verge has 1 coder stealing Bitcoin code, whereas the rest of the developers are not worth their salt either. These are very serious allegations first and foremost. Everyone is entitled to their own opinion, even though the XVG community has taken exception to this statement. No its not its got 1 coder stealing bitcoin code and a bunch of wallet monkeys and vegan muffin divers.. also a list of early 2018 lies.. Like rsk..ring ct that is monero btw and 3 band aids hacks wrapped in justins nutshell — West Coasts Finest (@CryptoCaptainX) March 3, 2019 Crypto_Sky, on the other hand, is convinced Verge will be here to stay for quite some time to come. In fact, this user expects XVG to become a part of everyday life in one way or another It would be good to see cryptocurrencies gain more mainstream traction, yet no one knows exactly how and if that will ever happen exactly. Additionally, one has to wonder if XVG can succeed where others struggle. Anyone who does any research should know that @vergecurrency is here to stay and is going to become a part of everyday life! $xvg #xvg #verge — crypto_sky (@rick_bitcoin) March 3, 2019 For those traders and speculators who are looking at the actual XVG price chart, it quickly becomes apparent only two scenarios can play out. Either this run turns gigantic and smashes past the current resistance levels. Another option is how this pump will peter out quickly and force the price lower compared to this morning. #XVG warming engines next great breakout@vergecurrency @VergeAddict @VergeBull @CryptoTraders @SalihSarikaya @XVGfam $XVG #vergefam $BTC #bitcoin #Verge #vergecurrency #bitcoin #blockchain #Crypto #money #cryptopayments pic.twitter.com/friYJ6vmqD — RC-Mining (@RC_Mining) March 3, 2019 All things considered, Verge is perhaps one of the most exciting markets to keep an eye on today. While every other altcoin, token, or asset is trying to maintain its status quo, XVG is effectively moving up in quick succession. Given its history with pump-and-dump cycles, however, there is a chance this particular run might not necessarily last all that long either. 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. Image(s): Shutterstock.com The post Verge Price Gains Over 11% as Market Turns Bullish Suddenly appeared first on NullTX.

14 days ago

Daily Berminal Brief: Iranian Bank To Tokenize Real-World Assets, And Blockstream Releases New Lightning Network Software

The State of The Market - March 4, 2019 BTC: $3,759.67 (-2.65%) ETH: $126.80 (-5.53%) XRP: $0.304842 (-2.96%) The market remained stable throughout the weekend. However, early today, there was a substantial crash and nearly $5 Billion has been wiped out from the crypto market. Bitcoin has fallen below $3,800, and it could further fall down to $3,400. All of the top 20 cryptocurrencies are flashing red right now, and major cryptocurrencies such as Ethereum and EOS suffered bigger losses. In other news, on Sunday Verge (XVG) unexpectedly gained 11% after a mining code malfunction occurred and the privacy coin's developers began to ponder a switch to Proof-of-Stake (PoS). At the moment, the reason for the price increase is unknown and members of the Verge community believe that a tweet from Verge founder and lead developer Sunerok could be behind the price increase. Also, MyCrypto CEO, Taylor Monahan, recently spoke about what she describes as growing toxicity within the Ethereum community after lead developer Afri Schoedon rage quit the project nearly 2 weeks ago. Monahan said that the toxic 'Ethereum or nothing' attitude exhibited by some members of the Ethereum community is shameful and damaging to the entire project. According to Monahan, Schoedon was the one person who could simplify Ethereum into digestible tidbits for the wider public and his status as a de facto leader only angered people when they felt he deviated from the 'Ethereum or nothing' ideology. 1) Iran's largest banks have revealed plans for tokenizing a variety of assets on a private blockchain platform based on Stellar protocol. The 'PayMon' (PMN) platform is backed by 30 milligrams of 24-karat gold and each PMN token will be worth 156,581 rials or approximately $3.72. According to the banks, PMN's total supply is capped at 1 billion and 15% of the tokens will be offered to the public, 20% will be on offer to institutional "anchors" looking to purchase a minimum of 300,000 PMN. The remaining 60% will be distributed monthly and 5% will be held by the founding team. Previous reports from Iranian government officials suggested that tokenized assets and cryptocurrency could be used as a method for circumventing U.S. sanctions but the dialogue has now shifted to focus on the technology's capacity to stimulate economic growth and innovation within Iran's tech sector. 2) Blockstream has released the newest version of c-lightning, version 0.7, the company's proprietary implementation of the Lightning Network (LN). This is the first major release in the past 8 months and includes several performance improvements, software bug fixes, additional privacy options, and more detailed documentation. The new features were developed by a team of 50 different contributors from throughout the world who published 1,300 commits to c-lightning's codebase. There are currently 6,963 LN nodes, and an increase of 18.88% in the past 30 days, with a total network capacity of 740 BTC worth approximately $2.835 million. 3) Jesse Powell, the CEO of Kraken, recently took a shot at the recent acquisition of Neutrino by Coinbase through the following tweet: "I asked our Compliance team what they thought of Neutrino. Fortunately, they'd just completed an evaluation. Neutrino came in last place on product (out of the 5) but was disqualified anyway due to the risks. However, other factors are important in M&A: cost, culture fit." This may add further fuel to the current #delete coinbase campaign that was inspired after the exchange announced the controversial acquisition. (VS)

14 days ago

Verge (XVG) Gains 11% After Mining Code Malfunction

On Sunday Verge (XVG) unexpectedly gained 11% after a mining code malfunction occurred and the privacy coin’s developers began to ponder a switch to Proof-of-Stake (PoS). At the moment, the reason for the price increase is unknown and members of the Verge community believe that a tweet from Verge founder and lead developer Sunerok could be behind the price increase. Verge suffered to gain traction throughout 2018 and a slew of 51% attacks and less than stellar partnerships led to a drastic decline in the altcoin's market capitalization. Currently, XVG is up by 9.6% over the past 30 days. (RS)

15 days ago

Verge (XVG) Team Considers Switching to Proof-of-Stake

Verge (XVG), which at one point had a decent standing in the privacy coin sector during the crypto boom of 2017, now struggles to survive and contemplates a shift to Proof-of-Stake (POS). Verge’s struggle started when a fault in its code led to multiple 51% and time warp attacks. Since that time, the crypto has struggled to regain trust and legitimacy amid a bear market straining the resources of all projects. As difficulties continued into 2019, with recent struggles by miners to set up a working mining environment, developers for Verge are now contemplating a switch to a PoS system. (JF)

16 days ago

Russia Seeks Extradition Of Alleged Bitcoin Fraudster Alexander Vinnik

Russia’s Commissioner for Human Rights Tatyana Moskalkova has requested the Greek Justice Minister Michalis Kalogirou for the extradition of alleged Bitcoin fraudster Alexander Vinnik. Vinnik is a Russian citizen and the former operator of now-defunct crypto exchange BTC-e. He was arrested by Greek police in July 2017 under the order of the U.S. Department of Justice for laundering nearly $4 Billion in Bitcoin. Moskalkova has appealed to the health condition of Vinnik, that he has lost 30% of his weight and is on the verge of death. Also, Russia wants to process criminal proceedings against him. (VS)

20 days ago

Bitcoin Could Swell To $1.5 Million If It Absorbs All Fiat and Gold Holdings

Bitcoin (BTC) was built to be an alternative to the traditional of finance. While Satoshi Nakamoto, the creator of the cryptocurrency, never explicitly made such a comment, many have come to understand this underlying raison d’etre. Former Blockchain.com product manager Dan Held, for instance, once issued an extensive 47-part thread on Twitter to claim that Satoshi meant to build a new backbone fo the financial system, rather than a peer-to-peer digital cash system in and of itself. While the crypto godfather’s dream has yet to come to fruition, some are convinced that it is only a matter of time before Bitcoin begins to make a noticeable move on fiat currencies and Wall Street. Bitcoin Is The Hardest Money... Ever Travis Kling, the chief investment officer of Ikigai that “fell down the Crypto rabbit hole,” recently took to Twitter to issue what he called a “bear market reminder.” In a bid to keep diehards of this space optimistic, even as the Bitcoin price has remained stuck between a rock and a hard place, he remarked that BTC remains the “hardest money we’ve ever had in the history of humanity,” echoing rallying cries touted by Saifedean Ammous. Bear market reminders- BTC is the hardest money we've ever had in the history of humanity. Print this out and put it next to your computer. h/t @crypto_voices pic.twitter.com/XDCioztkcJ — Travis Kling (@Travis_Kling) February 19, 2019 Alongside his innocuous, yet strong comment, Kling, a former portfolio manager at Steven Cohen’s Point72, posted an infographic from analytics provider Crypto Voices that touched on the dichotomy between Bitcoin and legacy forms of money. Citing data from a number of sources, the Crypto Voices team claimed that the fiat supply in existence right now equates to a U.S. dollar value of about $19.6 trillion. All the gold in circulation, deemed just as important as fiat by some economists, is currently valued at $7.83 trillion. Bitcoin, on the other hand, was valued at a relatively mere $60 billion at the time they compiled the report, indicating that there is asymmetric upside potential for the cryptocurrency. Thus, Crypto Voices noted that if Bitcoin was to theoretically absorb both gold and fiat at all the assets’ currency supply levels, BTC could swell to $1,571,316 a pop. While this staggering price point is obviously theoretical, some argue that it wouldn’t be illogical to assume that Bitcoin could begin to eat up some, or even much of fiat money’s current hegemony. The Argument For Crypto To Oust Fiat Anti-establishment figure Max Keiser once told Bitcoinist that the flagship cryptocurrency is much like a monetary black hole, and will “gobble up all fiat” over time as the ongoing (in Keiser’s eyes) financial crisis continues to wreak havoc on society. Trace Mayer echoed Keiser’s thoughts to a tee. The long-time Bitcoiner and a zealous anti-centralization thinker remarked that it’s been a mere 11 years since the 2008 recession, but that governments and society at large haven’t learned, accumulating $87 trillion more debt as humanity’s relentless lust for growth continues. In separate comments, he noted that with the advent of the Lightning Network and other innovative protocols, coupled with the eventual arrival of Wall Street, BTC will become the de-facto go-to investment for any intelligent consumer. Mayer even quipped that holding BTC will easily outpace an IRA or 401k, as the latter investments may get nationalized as debts hit the economy hard, and hyperinflation becomes the norm. While these comments are being issued as if the legacy world of finance is already on the verge of collapse, this might not be far from the truth. Related Reading: Bitcoin Giant BitMEX: Major Financial Crisis Could Be Several Years Away At the World Government Summit in Dubai, the International Monetary Fund’s Christine Lagarde, deemed the 22nd most powerful person in the world by Forbes in 2018, commented that there are “four clouds” closing in on the global financial environment, even quipping that a “storm” might strike. The finance heavyweight explained that these clouds include the trade spats between the U.S. and China, quantitative tightening, Brexit, and, arguably most importantly, the “heavy debt” that governments, individuals, and corporations alike have garnered. Ray Dalio, the co-founder of the world’s largest hedge fund, Bridgewater Associates, also made harrowing comments. Dalio recently drew eerie parallels between today’s environment and the one seen in the midst of the Great Depression. In a comment made at Davos, the world-renowned investor, who has become a market pessimist as of late, explained that from 1929 to 1932, there was a lot of “printing of money, and purchases of financial assets,” much like today. While all the aforementioned pundits seem to be convinced that trying times are around the corner, will Bitcoin prove itself to be a perfect hedge or do commentators just have stars in their eyes? Featured Image from

24 days ago

Ethereum Price Analysis: Ether Takes a Breather Before Constantinople

Ethereum price (ETH) appears to be taking a breather before attempting to tackle $150 and step up a level as the Constantinople hardfork upgrade looms. Ethereum Price: Market Overview Ethereum price is going through a phase of consolidation after posting fantastic gains over the past week. 1-Hour Chart Currently, ETH 00 trades ever so slightly above the 20MA and the Bollinger Band indicator has begun to narrow as ETH attempts to enter the upper arm. The 1-hour chart shows the altcoin appears ready to attack the $147 and $149 resistance where ETH recently rejected a number of times. ETH still rests on the 78.6% fib retracement level from the last move from $119 to $149 and the altcoin remains in good order above $138 and $140. 4-HR Chart Over the past 4 hrs the Stoch managed a bull cross and is on the verge of exiting oversold territory and a spike in bull volume would help ETH overcome $150. A drop below $140 could open the door to steep losses over the coming session but this seems unlikely at the moment. Barring some unexpected bug discovery, the Constantinople hardfork is still scheduled to occur between the 25th and 28th of February so there is the possibility of increased activity in the days before the event occurs. As one would expect, ETH price action remains tethered to bitcoin price so any move from the top digital asset could impact the direction ETH takes. ETH-USD Shorts Chart ETH-USD shorts continue to drop to new lows and its clear traders are beginning to fell increasingly bullish about ETH. Trade Bitcoin, Litecoin and other cryptocurrencies on online Bitcoin forex broker platform evolve.markets. [Disclaimer: The views expressed in this article are not intended as investment advice. Market data is provided by Bitfinex and Coinbase. The charts for analysis are provided by TradingView.] Images courtesy of Shutterstock, Trading View, Market data sourced from Bitfinex and Coinbase The post Ethereum Price Analysis: Ether Takes a Breather Before Constantinople appeared first on Bitcoinist.com.

24 days ago

For Sale: ZCash.com, $100,000

There are still ways to make money in a bear market, if you know where to look. Some investors roll the dice on long-shot coins or renamed ICOs. Or, you could follow the steps of one serial investor: squat on domain name associated with a popular cryptocurrency, and ask for a sack of money if they want to use it. The CEO of a venture capital firm and an early stage investor in Zcash (ZEC) has allegedly offered to sell the ZCash.com domain name to the privacy coin project for a reported six-figure sum. Steven Nerayoff, who founded Maple Ventures in 2008, said he “wanted six figures” for the ZCash.com domain name, according to a source close to the Zcash Company. The source, who described Nerayoff as “personally squatting” on the name, said he may not have realized he was speaking to a representative of the Zcash project. The domain name ZCash.com is currently empty. A green banner at the top of the page includes a link which takes users to a “Domain Offer Form”. The subheading reads: “Make an offer using the form below. $10,000 Minimum offer on ALL domains.” Although US dollars are preferred, offers in Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) “are also considered.” Zcash is not listed as a payment option. Based in New York, Steven Nerayoff describes himself on his LinkedIn profile as a “serial entrepreneur, attorney, and inventor of 20 international patents.” His venture capital firm, Maple Ventures, has a particular interest in blockchain payments systems. It provided capital to the Zerocoin Electric Coin Company - the leading development firm behind Zcash - in exchange for equity during the early fundraise stage in 2014. When Crypto Briefing reached out to Nerayoff for comment, he replied via email that he was a “vocal supporter and investor in the Zcash project.” A representative also said that his domain name business dealt with “many blind brokers or random requests from the internet for some of the domains that Steven owns and/or manage.” Due to the private nature of some of his deals, Nerayoff said he was unable to provide any “additional detail” about any offers for the sale of the ZCash.com domain name. Nerayoff isn’t the first crypto-entrepreneur to hodl a domain name. After the Bitcoin Cash fork, Roger Ver was accused of deceiving new investors through his Bitcoin.com website. Perhaps the most famous case was Matt Blaze, who sold the Crypto.com domain name to an ICO company, then called Monaco. According to The Verge, the deal could have been worth up to $10 million. The author is invested in digital assets, including BTC and ETH which are mentioned in this article. Join the conversation on Telegram and Twitter! The post For Sale: ZCash.com, $100,000 appeared first on Crypto Briefing.

25 days ago

Bitcoin Donation Programs in Canadian Universities

At this age whereby digital technologies pervade in all facets of our performance, it’s either you adapt fast or be left behind. Bitcoin, which is also referred to as cryptocurrency is a current digital currency that has been causing a stir in the digital market in recent years. It was only a matter of time before other establishments and institutions wanted a piece of the pie. Previously, colleges and universities contended with receiving unorthodox donations such as family business shares and art in form of paintings, since these gifts may generate complex tax filings and accounting issues among others. The use of Bitcoin also raised the same concerns just like those other types of gifts. Bitcoin is unrestricted, explosive with some instances of theft by hackers. Nonetheless, over the years several alumni have pioneered in bitcoins and making college donations in form of cryptocurrencies. Simon Fraser University (SFU)’s alumnus Simon Fraser and Scott Nelson, and MikeYeung - President of Bitcoin Club, made a Bitcoin donation of $6,000 to the Power of Engagement program. This act further prompted the establishment to accept the use of Bitcoin in form of donations, and also throughout their institution in making purchases and service payments. Following these pro-crypto developments, the institution has recently announced that it is accepting cryptocurrencies to fund a trip for two SFU students who will be attending a women empowerment initiative in India. This makes SFU the pioneering university in Canada to embrace and enhance the utilization of donations in Bitcoin. Also, they are presently considering the possibility of enabling purchases with digital currencies in bookstores and cafeterias on its campuses and even perhaps buy essay online. About Simon Fraser University (SFU) SFU is popular in Canada for its community outreach, education and research. Since its establishment in 1965, this institution has expanded to 3 campuses located all over British Columbia- Burnaby, Vancouver, and Surrey. They offer undergraduate and graduate level programs in various initiatives. It is possible that SPU may in the future permit its students to pay their tuition fees using Bitcoin. In a recent press release, Yeung remarked that the reason why they are adopting Bitcoin is that it is not only entrepreneurial, innovative and an open source, but also meets SFU’s mission to engross the world. Bitcoin at Establishments As of now, SFU seems to be the devoted supporters of Bitcoin. The institution’s Bitcoin club, which is managed by Yeung and other students, is mainly geared towards enhancing the endorsement of Bitcoin as a mode of payment when buying an essay online and also other several possibilities cryptocurrencies generate. Yeung trusts that Bitcoin particularly can be fashioned in a manner that can be beneficial to both people and businesses in various aspects worldwide. The success of SFU’S current finding project will possibly make a huge impact on their future use of Bitcoin. Possible Benefits and Effects of Bitcoin Donations in Institutions Bitcoin donations are a great way for organizations to rally the participation of more donors. Donors find it simpler to send money via Bitcoin. However, the organization must have an established online wallet; for example, a buy essay service must have an online wallet for them to transact using Bitcoin. As for the organizations, they are entitled to receive funds from all over the globe from a modern donor. Sounds amazing, but like everything else, you need to read about bitcoins and know how to go about it before you can use it. The first institution that ever accepted cryptocurrencies underwent extensive research on how the system works including how to accept Bitcoin donations, tax compliance, security, how to gift Bitcoin and the potential risks of using Bitcoin. Once you are aware of the process and the possible risks, this type of funding can generate great benefits to organizations, institutions, and students as well. Here are some of the benefits of using Bitcoin. Extensive Reach You are not bound by geography or amount. One can receive or send donations of up to millions in any part of the world. It also opens up new streams for charities and institutions to receive funding from. Luring millennials Currently, a huge number of active Bitcoin users consist of millennials. Hence the capacity to receive Bitcoin bears a cache which may lure the attention of modern and innovative donors. With the ongoing responses to Bitcoin use and donation payments to institutions, it will come as no surprise that students in future may very well be able to use bitcoins to pay their tuition fees, make purchases and bookstores and even buy essays online. Several universities worldwide are already on the verge of accepting the use of bitcoins, for instance, King’s College and the University of Cumbria in Lancashire, England, who receive tuition fees in form of Bitcoin. The post Bitcoin Do

25 days ago

Coinbase Neutrino Acquisition Reveals History Of Spying and Gov’t Data Selling

Cryptocurrency exchange Coinbase is facing an increasing publicity nightmare after it emerged the CEO of a company it took over sold private user data to governments. Coinbase: Neutrino ‘Will Help Prevent Theft’ Announced February 19, Coinbase now owns Italian blockchain surveillance startup Neutrino, having acquired the company for an undisclosed sum. “By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors,” engineering director Varun Srinivasan wrote in an accompanying blog post. It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations. Neutrino’s staff will now relocate to Coinbase’s London office and will continue working as before without redundancies. Neutrino CEO Worked For ‘First Police Spyware Sellers’ No sooner had Coinbase revealed the takeover did cryptocurrency industry participants immediately sound the alarm over Neutrino’s roots. Giancarlo Russo, its CEO, previously worked as COO of HackingTeam, a Milan-based outfit with a scandalous reputation. Described by Verge as “the first sellers of commercial hacking software to the police,” HackingTeam’s spyware enables clients to engage in a huge number of surveillance activities. These include the covert collection of emails, SMS messages, call history and address book data, as well as keystroke logging, phone tapping of Skype calls and even data about cryptocurrency wallet usage. A further article in UK newspaper the Telegraph in 2015 saw the company’s founder David Vincenzetti confirm such capabilities were being sold to governments and other entities in 20 countries. Congrats to Coinbase on the acquisition of chain analysis startup Neutrino! FYI, the CEO, Giancarlo Russo, was ex-COO of HackingTeam (https://t.co/qyQ6mLU8XE), who sold "offensive intrusion and surveillance capabilities to governments, law enforcement agencies and corporations." pic.twitter.com/VVza5AjIYa — Arjun Balaji (@arjunblj) February 19, 2019 Social media commentators picked up the HackingTeam connection with the Coinbase acquisition, while others appeared to quickly catch on. “[G]oodbye (Coinbase)... not interested in having my data, identity, and crypto ownership data served to every government agency on a silver platter,” CoinShares CSO Meltdem Demirors added in her own response. As Bitcoinist reported, Coinbase has felt the pressure from elsewhere this month. In another questionable security move, the exchange now allows users to store the private keys to wallets in the cloud. What do you think about Coinbase acquiring Neutrino? Let us know in the comments below! Images courtesy of Shutterstock The post Coinbase Neutrino Acquisition Reveals History Of Spying and Gov’t Data Selling appeared first on Bitcoinist.com.

a month ago

Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a Historic Recovery?

The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying a loss of 46.25 points at the open. S&P 500 The post Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a Historic Recovery? appeared first on CCN

a month ago

Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a History Recovery?

The US stock market appears doomed to make a weak entry into the week’s first trading session following Monday’s Presidents’ Day holiday, as the Dow and its sister indices are all forecasting opening bell declines. The bitcoin price, on the other hand, burst out of a prolonged period of stagnancy and has many investors questioning whether the cryptocurrency is on the front end of a new bull market. Dow Futures Point South As of 8:55 am ET, Dow Jones Industrial Average futures had lost 58 points or 0.22 percent, implying a loss of 46.25 points at the open. S&P 500 The post Dow Futures Eye Feeble Open, But is Bitcoin on the Verge of a History Recovery? appeared first on CCN

a month ago

Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner?

The current crypto winter and bear market has been brutal for Bitcoin investors who are now underwater, but it’s been even worse for many altcoin holders. Most of the thousands of altcoins on the market have fallen as much as 99% from their all-time high prices, have reached extremely oversold conditions, and are at the absolute bottom of the barrel sentiment-wise. However, according to one crypto analyst, altcoins are on the verge of breaking out of long-term downtrend resistance and an “altseason” may be around the corner. Analyst: Altcoin Crypto Market Cap at Pivotal Resistance Point Altcoins such as Ethereum and XRP have had a much further fall from their all-time high prices than their eldest sibling, Bitcoin. Bitcoin has fallen roughly 85% from its previous peak back in December 2017, while number 2 and number 3 cryptocurrencies Ethereum and XRP respectively have each fallen 90% from their high points. Related Reading | XRP Beware? Industry Reacts to JP Morgan ‘JPM Coin’ Crypto Announcement The added sell pressure has caused sentiment around altcoins to be at extreme lows, but the tides may be turning soon, if critical resistance can be broken. According to a chart shared by prominent crypto analyst GalaxyBTC, the altcoin market cap - an aggregate of the total crypto market cap minus BTC - is at pivotal overhead resistance that has served as such all the way since January of 2018. If we manage to push trough this, its ON. #altmarketcap pic.twitter.com/aIl01WvlJ8 — Galaxy (@galaxybtc) February 18, 2019 The early signs of an “altseason” are already showing, with Ethereum, EOS, and BCH all posting 15-25% gains on the day, while Bitcoin rose just 8.5% by comparison. The rest of the altcoin market is a sea of green today, as a clear sentiment change is occurring in the crypto space. Bitcoin Has Long to Go Before Downtrend is Broken, BTC Dominance to Suffer GalaxyBTC also shared some thoughts around a pattern commonly found in cryptocurrency trading. The analyst discovered that oftentimes following a build-up of BTC dominance - a metric that weighs Bitcoin’s market cap against the rest of the crypto market - it breaks down, causing a spike in altcoin dominance also referred to as an “altseason.” 1. Build up $BTC domination 2. Breakdown 3. Altseason 4. Rinse and repeat. Furthermore, looks like the weaker the dominance uptrend the longer the altseason and so far this one is the weakest. Expecting dominance to fall under 30% and the longest altseason to date. #crypto pic.twitter.com/eabtk6rGG9 — Galaxy (@galaxybtc) February 18, 2019 The reason for this could be normal ebb and flow of capital to and from Bitcoin into altcoins, faith being restored by crypto market participants, or quite possibly due to the fact that most altcoins have broken through downtrend resistance, while Bitcoin hasn’t. Finally, we need to acknowledge that the bear market has not been broken yet. Here's the resistance line we've been tracking. As you can see, we're not even close to breaking it just yet. pic.twitter.com/tWX58rshnh — Mati Greenspan (@MatiGreenspan) February 18, 2019 A chart shared by Senior Market Analyst for eToro Mati Greenspan shows that Bitcoin still has a long way to go before it brushes up against the downtrend resistance. The resistance dates back to January of 2018, after the first ever crypto’s parabolic advance was broken, kicking off the bear market that continues even today. Related Reading | Bottom Doesn’t Matter, Last Time General Population Can Afford Entire BTC Altcoins and Bitcoin are closely correlated, so a strong rally in the altcoin market could help restore confidence in Bitcoin again, and drag Bitcoin up through resistance along with the rest of the cryptosphere. Featured image from Shutterstock The post Crypto Market Cap at Critical Resistance, Is Altcoin Season Around The Corner? appeared first on NewsBTC.

a month ago

Market Update: Crypto Gains Neutralize

Cryptocurrency markets are once again riding a long period of consolidation as the last seven days has failed to show any meaningful moves. During our last markets update, digital asset values spiked considerably, gaining billions in one hour on Feb. 8. But a week later cryptocurrencies have offset those gains and most markets have been following a narrow range for more than a week. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Crypto Gains Neutralize and Follow a Falling Narrow Range Digital currency prices have been consolidating again into what looks like a falling wedge after seeing a significant jump in value eight days ago. The overall market capitalization of all 2,000+ cryptocurrencies is around $120 billion. Global trade volume is still decent, even though it’s a touch lighter than last week at $18.8 billion over the last 24 hours. Currently, bitcoin core (BTC) is priced at $3,635 with a market valuation of about $63.7 billion at the time of writing. BTC is down around 0.81% over the last week but has managed to gain 0.3% during this morning’s early trading sessions. Top 10 cryptocurrencies on Feb. 16, 2019. The second highest market capitalization belongs to ethereum (ETH) as each token is trading for $123. Ethereum markets have managed to knock ripple (XRP) from the second position as XRP is swapping for $0.30 this Saturday. Litecoin (LTC) captures the fourth position with each coin trading for $43 as markets have gained 3.5% today. Lastly, eos (EOS) prices are up 1.5% as each eos is sitting at $2.83 per coin. Top 20 cryptocurrencies by market cap on Feb. 16, 2019. Bitcoin Cash (BCH) Market Action Bitcoin cash (BCH) prices have been coasting along at $122 per coin this weekend and markets are up 0.44%. BCH has an overall market valuation of around $2.1 billion and about $192 million traded over the last 24 hours. The top five exchanges trading the most bitcoin cash today are Lbank, Hitbtc, Fcoin, Binance, and Upbit. The top trading pair with BCH this weekend is ETH by 42.2% over the last day. This is followed by USDT (30.1%), BTC (17.4%), USD (4.2%) and KRW (3.7%). Over the last few weeks, larger concentrations of KRW/BCH pairs have been increasing. This weekend BCH is the ninth most traded cryptocurrency below dash and just above qtum. Bitcoin cash (BCH) seven-day chart on Feb. 16, 2019. BCH/USD Technical Indicators Looking at the 4-hour chart on Kraken and Bittrex shows the momentum from BCH bulls has neutralized. Over the last seven days, heavier resistance was able to build up and will make things more difficult for northbound movements. The two Simple Moving Average (SMA) trendlines show the long-term 200 SMA is still above the short-term 100 SMA. This solidifies the fact that the path toward the least resistance is still the downside. Although as noted in prior market updates, the two moving averages look to be converging in the near future unless some big changes await. BCH/USD on Bittrex 4-hour on Feb. 16, 2019. Moving on to the Relative Strength Index (RSI), Stochastic, and MACd indicators we can see things meandering back and forth. RSI and the Stochastic oscillator levels are coasting along at 48.4 on the 4-hour chart, indicating traders seem to be cautious at the moment. MACd shows signals that BCH bears are getting exhausted and a reversed MACd divergence suggests the bottom may be in and market trends seem to be on the verge of change. Order books indicate some thick resistance between the current vantage point and prices above $150. The bears will struggle between today’s spot prices and numerous areas of support until $95. BCH/USD on Kraken 4-hour on Feb. 16, 2019. Extremely tight Bollinger Bands at 10:30 a.m. EST. Traders Still Speculating on the Next Bull Run Last week’s run-up in prices had given some cryptocurrency traders a new breath of optimism but others still think it was just another dead cat bounce. Many digital asset traders are selecting positions and just hoping they found the right seats during this game of musical chairs. One trader who goes by the name “Financial Survivalism” on Twitter thinks BTC prices might drop considerably before a big reversal in his “Hyperwave” price analysis. The trader suggests that BTC could fall to $1,165 before a large jump to $10,000. Fiat-to-crypto money flow on Feb. 16, 2019. Furthermore, Zhu Fa, the cofounder of Poolin, a China-based mining operation, believes the price of BTC will skyrocket 10-20x higher than its prior all-time high of $20,000. The Poolin cofounder thinks that BTC will be priced between $70,000 or 5 million yuan ($738,000). Other traders also believe the next big cryptocurrency bull run will be the last huge run-up and the crypto economy’s subsequent years of life will see much slower growth. Where do you see the price of BCH, BTC, and other coins heading from here? Let us know in the comments below. Disclaimer: Price articles and markets updates are intended for in

a month ago

Crypto Gains Neutralize

Cryptocurrency markets are once again riding a long period of consolidation as the last seven days has failed to show any meaningful moves. During our last markets update, digital asset values spiked considerably, gaining billions in one hour on Feb. 8. But a week later cryptocurrencies have offset those gains and most markets have been following a narrow range for more than a week. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Crypto Gains Neutralize and Follow a Falling Narrow Range Digital currency prices have been consolidating again into what looks like a falling wedge after seeing a significant jump in value eight days ago. The overall market capitalization of all 2,000+ cryptocurrencies is around $120 billion. Global trade volume is still decent, even though it’s a touch lighter than last week at $18.8 billion over the last 24 hours. Currently, bitcoin core (BTC) is priced at $3,635 with a market valuation of about $63.7 billion at the time of writing. BTC is down around 0.81% over the last week but has managed to gain 0.3% during this morning’s early trading sessions. Top 10 cryptocurrencies on Feb. 16, 2019. The second highest market capitalization belongs to ethereum (ETH) as each token is trading for $123. Ethereum markets have managed to knock ripple (XRP) from the second position as XRP is swapping for $0.30 this Saturday. Litecoin (LTC) captures the fourth position with each coin trading for $43 as markets have gained 3.5% today. Lastly, eos (EOS) prices are up 1.5% as each eos is sitting at $2.83 per coin. Top 20 cryptocurrencies by market cap on Feb. 16, 2019. Bitcoin Cash (BCH) Market Action Bitcoin cash (BCH) prices have been coasting along at $122 per coin this weekend and markets are up 0.44%. BCH has an overall market valuation of around $2.1 billion and about $192 million traded over the last 24 hours. The top five exchanges trading the most bitcoin cash today are Lbank, Hitbtc, Fcoin, Binance, and Upbit. The top trading pair with BCH this weekend is ETH by 42.2% over the last day. This is followed by USDT (30.1%), BTC (17.4%), USD (4.2%) and KRW (3.7%). Over the last few weeks, larger concentrations of KRW/BCH pairs have been increasing. This weekend BCH is the ninth most traded cryptocurrency below dash and just above qtum. Bitcoin cash (BCH) seven-day chart on Feb. 16, 2019. BCH/USD Technical Indicators Looking at the 4-hour chart on Kraken and Bittrex shows the momentum from BCH bulls has neutralized. Over the last seven days, heavier resistance was able to build up and will make things more difficult for northbound movements. The two Simple Moving Average (SMA) trendlines show the long-term 200 SMA is still above the short-term 100 SMA. This solidifies the fact that the path toward the least resistance is still the downside. Although as noted in prior market updates, the two moving averages look to be converging in the near future unless some big changes await. BCH/USD on Bittrex 4-hour on Feb. 16, 2019. Moving on to the Relative Strength Index (RSI), Stochastic, and MACd indicators we can see things meandering back and forth. RSI and the Stochastic oscillator levels are coasting along at 48.4 on the 4-hour chart, indicating traders seem to be cautious at the moment. MACd shows signals that BCH bears are getting exhausted and a reversed MACd divergence suggests the bottom may be in and market trends seem to be on the verge of change. Order books indicate some thick resistance between the current vantage point and prices above $150. The bears will struggle between today’s spot prices and numerous areas of support until $95. BCH/USD on Kraken 4-hour on Feb. 16, 2019. Extremely tight Bollinger Bands at 10:30 a.m. EST. Traders Still Speculating on the Next Bull Run Last week’s run-up in prices had given some cryptocurrency traders a new breath of optimism but others still think it was just another dead cat bounce. Many digital asset traders are selecting positions and just hoping they found the right seats during this game of musical chairs. One trader who goes by the name “Financial Survivalism” on Twitter thinks BTC prices might drop considerably before a big reversal in his “Hyperwave” price analysis. The trader suggests that BTC could fall to $1,165 before a large jump to $10,000. Fiat-to-crypto money flow on Feb. 16, 2019. Furthermore, Zhu Fa, the cofounder of Poolin, a China-based mining operation, believes the price of BTC will skyrocket 10-20x higher than its prior all-time high of $20,000. The Poolin cofounder thinks that BTC will be priced between $70,000 or 5 million yuan ($738,000). Other traders also believe the next big cryptocurrency bull run will be the last huge run-up and the crypto economy’s subsequent years of life will see much slower growth. Where do you see the price of BCH, BTC, and other coins heading from here? Let us know in the comments below. Disclaimer: Price articles and markets updates are intended for in

a month ago

Markets Update: Crypto Gains Neutralize

Cryptocurrency markets are once again riding a long period of consolidation as the last seven days has failed to show any meaningful moves. During our last markets update, digital asset values spiked considerably, gaining billions in one hour on Feb. 8. But a week later cryptocurrencies have offset those gains and most markets have been following a narrow range for more than a week. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Crypto Gains Neutralize and Follow a Falling Narrow Range Digital currency prices have been consolidating again into what looks like a falling wedge after seeing a significant jump in value eight days ago. The overall market capitalization of all 2,000+ cryptocurrencies is around $120 billion. Global trade volume is still decent, even though it’s a touch lighter than last week at $18.8 billion over the last 24 hours. Currently, bitcoin core (BTC) is priced at $3,635 with a market valuation of about $63.7 billion at the time of writing. BTC is down around 0.81% over the last week but has managed to gain 0.3% during this morning’s early trading sessions. Top 10 cryptocurrencies on Feb. 16, 2019. The second highest market capitalization belongs to ethereum (ETH) as each token is trading for $123. Ethereum markets have managed to knock ripple (XRP) from the second position as XRP is swapping for $0.30 this Saturday. Litecoin (LTC) captures the fourth position with each coin trading for $43 as markets have gained 3.5% today. Lastly, eos (EOS) prices are up 1.5% as each eos is sitting at $2.83 per coin. Top 20 cryptocurrencies by market cap on Feb. 16, 2019. Bitcoin Cash (BCH) Market Action Bitcoin cash (BCH) prices have been coasting along at $122 per coin this weekend and markets are up 0.44%. BCH has an overall market valuation of around $2.1 billion and about $192 million traded over the last 24 hours. The top five exchanges trading the most bitcoin cash today are Lbank, Hitbtc, Fcoin, Binance, and Upbit. The top trading pair with BCH this weekend is ETH by 42.2% over the last day. This is followed by USDT (30.1%), BTC (17.4%), USD (4.2%) and KRW (3.7%). Over the last few weeks, larger concentrations of KRW/BCH pairs have been increasing. This weekend BCH is the ninth most traded cryptocurrency below dash and just above qtum. Bitcoin cash (BCH) seven-day chart on Feb. 16, 2019. BCH/USD Technical Indicators Looking at the 4-hour chart on Kraken and Bittrex shows the momentum from BCH bulls has neutralized. Over the last seven days, heavier resistance was able to build up and will make things more difficult for northbound movements. The two Simple Moving Average (SMA) trendlines show the long-term 200 SMA is still above the short-term 100 SMA. This solidifies the fact that the path toward the least resistance is still the downside. Although as noted in prior market updates, the two moving averages look to be converging in the near future unless some big changes await. BCH/USD on Bittrex 4-hour on Feb. 16, 2019. Moving on to the Relative Strength Index (RSI), Stochastic, and MACd indicators we can see things meandering back and forth. RSI and the Stochastic oscillator levels are coasting along at 48.4 on the 4-hour chart, indicating traders seem to be cautious at the moment. MACd shows signals that BCH bears are getting exhausted and a reversed MACd divergence suggests the bottom may be in and market trends seem to be on the verge of change. Order books indicate some thick resistance between the current vantage point and prices above $150. The bears will struggle between today’s spot prices and numerous areas of support until $95. BCH/USD on Kraken 4-hour on Feb. 16, 2019. Extremely tight Bollinger Bands at 10:30 a.m. EST. Traders Still Speculating on the Next Bull Run Last week’s run-up in prices had given some cryptocurrency traders a new breath of optimism but others still think it was just another dead cat bounce. Many digital asset traders are selecting positions and just hoping they found the right seats during this game of musical chairs. One trader who goes by the name “Financial Survivalism” on Twitter thinks BTC prices might drop considerably before a big reversal in his “Hyperwave” price analysis. The trader suggests that BTC could fall to $1,165 before a large jump to $10,000. Fiat-to-crypto money flow on Feb. 16, 2019. Furthermore, Zhu Fa, the cofounder of Poolin, a China-based mining operation, believes the price of BTC will skyrocket 10-20x higher than its prior all-time high of $20,000. The Poolin cofounder thinks that BTC will be priced between $70,000 or 5 million yuan ($738,000). Other traders also believe the next big cryptocurrency bull run will be the last huge run-up and the crypto economy’s subsequent years of life will see much slower growth. Where do you see the price of BCH, BTC, and other coins heading from here? Let us know in the comments below. Disclaimer: Price articles and markets updates are intended for in

a month ago

Markets Update: Crypto Traders Still Uncertain After a Week of Consolidation

Cryptocurrency markets are once again riding a long period of consolidation as the last seven days has failed to show any meaningful moves. During our last markets update, digital asset values spiked considerably, gaining billions in one hour on Feb. 8. But a week later cryptocurrencies have offset those gains and most markets have been following a narrow range for more than a week. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Crypto Gains Neutralize and Follow a Falling Narrow Range Digital currency prices have been consolidating again into what looks like a falling wedge after seeing a significant jump in value eight days ago. The overall market capitalization of all 2,000+ cryptocurrencies is around $120 billion. Global trade volume is still decent, even though it’s a touch lighter than last week at $18.8 billion over the last 24 hours. Currently, bitcoin core (BTC) is priced at $3,635 with a market valuation of about $63.7 billion at the time of writing. BTC is down around 0.81% over the last week but has managed to gain 0.3% during this morning’s early trading sessions. Top 10 cryptocurrencies on Feb. 16, 2019. The second highest market capitalization belongs to ethereum (ETH) as each token is trading for $123. Ethereum markets have managed to knock ripple (XRP) from the second position as XRP is swapping for $0.30 this Saturday. Litecoin (LTC) captures the fourth position with each coin trading for $43 as markets have gained 3.5% today. Lastly, eos (EOS) prices are up 1.5% as each eos is sitting at $2.83 per coin. Top 20 cryptocurrencies by market cap on Feb. 16, 2019. Bitcoin Cash (BCH) Market Action Bitcoin cash (BCH) prices have been coasting along at $122 per coin this weekend and markets are up 0.44%. BCH has an overall market valuation of around $2.1 billion and about $192 million traded over the last 24 hours. The top five exchanges trading the most bitcoin cash today are Lbank, Hitbtc, Fcoin, Binance, and Upbit. The top trading pair with BCH this weekend is ETH by 42.2% over the last day. This is followed by USDT (30.1%), BTC (17.4%), USD (4.2%) and KRW (3.7%). Over the last few weeks, larger concentrations of KRW/BCH pairs have been increasing. This weekend BCH is the ninth most traded cryptocurrency below dash and just above qtum. Bitcoin cash (BCH) seven-day chart on Feb. 16, 2019. BCH/USD Technical Indicators Looking at the 4-hour chart on Kraken and Bittrex shows the momentum from BCH bulls has neutralized. Over the last seven days, heavier resistance was able to build up and will make things more difficult for northbound movements. The two Simple Moving Average (SMA) trendlines show the long-term 200 SMA is still above the short-term 100 SMA. This solidifies the fact that the path toward the least resistance is still the downside. Although as noted in prior market updates, the two moving averages look to be converging in the near future unless some big changes await. BCH/USD on Bittrex 4-hour on Feb. 16, 2019. Moving on to the Relative Strength Index (RSI), Stochastic, and MACd indicators we can see things meandering back and forth. RSI and the Stochastic oscillator levels are coasting along at 48.4 on the 4-hour chart, indicating traders seem to be cautious at the moment. MACd shows signals that BCH bears are getting exhausted and a reversed MACd divergence suggests the bottom may be in and market trends seem to be on the verge of change. Order books indicate some thick resistance between the current vantage point and prices above $150. The bears will struggle between today’s spot prices and numerous areas of support until $95. BCH/USD on Kraken 4-hour on Feb. 16, 2019. Extremely tight Bollinger Bands at 10:30 a.m. EST. Traders Still Speculating on the Next Bull Run Last week’s run-up in prices had given some cryptocurrency traders a new breath of optimism but others still think it was just another dead cat bounce. Many digital asset traders are selecting positions and just hoping they found the right seats during this game of musical chairs. One trader who goes by the name “Financial Survivalism” on Twitter thinks BTC prices might drop considerably before a big reversal in his “Hyperwave” price analysis. The trader suggests that BTC could fall to $1,165 before a large jump to $10,000. Fiat-to-crypto money flow on Feb. 16, 2019. Furthermore, Zhu Fa, the cofounder of Poolin, a China-based mining operation, believes the price of BTC will skyrocket 10-20x higher than its prior all-time high of $20,000. The Poolin cofounder thinks that BTC will be priced between $70,000 or 5 million yuan ($738,000). Other traders also believe the next big cryptocurrency bull run will be the last huge run-up and the crypto economy’s subsequent years of life will see much slower growth. Where do you see the price of BCH, BTC, and other coins heading from here? Let us know in the comments below. Disclaimer: Price articles and markets updates are intended for in

a month ago

13% of Online Shoppers Going Crypto With 700% Growth since 2013

A recent survey has pointed to the increase in online shoppers using cryptocurrency for electronic payments, reporting growth of 700% since 2013. According to Kaspersky Labs, 13% of shoppers have used cryptocurrency for making payments online, their recent survey of 12,000 customers in 22 different countries has shown, and the trend is clearly upwards. Kaspersky commented: “The majority of retailers are now happy for us to use whatever payment method we prefer in order to stop us from going elsewhere. From credit card transactions and bank transfers to cryptocurrency, subscriptions, and loyalty points, we can pay for goods and services in more ways than ever before.” However, paying in this way still has problems which need to be addressed in the future. In the past, networks were trusted for zero-confirmations, but recent attacks against some of the coins have made vendors less enthusiastic. More coins are now available other than Bitcoin for these kinds of online payments with Bitcoin Cash (BCH) allowing SMS payments, and Verge (XVG) and ReddCoin (RDD) now offering small-scale payment options. Bitcoin’s Lightning network still remains a fast way of settling purchases online. The profusion of Bitcoin ATMs, often in the most unlikely locations around the world, continues to offer shoppers, who prefer a face to face “trawling” the store option, the opportunity to instantly trade their BTC for cash. Recently New York, one of the world’s major shopping venues has given crypto users the opportunity to purchase Bitcoin using a regular credit card at machines around the Big Apple. 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: bitcoinnews.com The post 13% of Online Shoppers Going Crypto With 700% Growth since 2013 appeared first on BitcoinNews.com.

a month ago

Trade Alert: NEM (XEM) Rises 6% as the Bulls Push Back

NEM (XEM), a blockchain project building a network designed for better-performing smart assets, has had a rough start to the year after the new leadership published a report revealing it was on the verge of bankruptcy following a year of poor budget management. The news was enough to drop the price of the coin from $0.065

a month ago

Bill Gates: ‘Extreme’ Alexandria Ocasio-Cortez’s Tax Reforms Would ‘Create Tax Dodging’

What does America’s second wealthiest man think of Ocasio-Cortez’s tax reforms? Bill Gates believes that talk of a top-rate tax of 70 percent is “extreme” and completely “missing the picture.” In an interview with the Verge, Gates spoke out on his views of the taxation reforms. He conceded that taxes could be higher, or “more progressive”. However, focusing on ordinary income tax was...

a month ago

Don’t Blame Crypto: Nvidia’s Collapsing Stock Could Kill Nasdaq’s Winning Streak

The Nasdaq Composite Index is on the verge of breaking out of its bear market. With a rebound of 12.9% since the infamous Christmas Eve massacre, tech stocks are on fire. But the winning streak could be halted by Nvidia’s earnings report tonight. Chipmaker Nvidia sent an unprecedented early warning to investors last month, bracing them for disappointing revenue figures. It slashed revenue...

a month ago

93% of Ethereum dApps Had Zero Transactions Today

At the moment Ethereum has 40 times more developers than its closest rivals but analysis of dApp activity shows that 86 percent of Ethereum dApps had zero users today and 93 percent had zero transactions. One Twitter user by the name Kevin Rooke also pointed out that of the 1,828 live dApps, 77 percent had zero users today and 85 percent had zero transaction volume. These statistics call into question the claim that blockchain and crypto are on the verge of mass adoption and another pressing issue has been the quality and sector concentration of dApps that do see frequent use. February 11th data from Dapp Radar shows that 7 out of the 10 highest performing dApps are from the gambling or gaming categories and three are exchanges. Despite the lack of use, ConsenSys MD Lory Kehoe believes that Ethereum will survive the test of time as it is “increasingly seen as the most versatile platform for enterprise solutions”. Analysts also point out that the problem is not specific to Ethereum as EOS and Tron also primarily see their highest traffic from gaming and gambling dApps. (RS)

a month ago

Verge Founder Justin Sunerok Talks About the Future and Potential of XVG [Interview]

Justin Sunerok, the founder and lead developer for Verge Currency, joined CryptoSlate for an interview yesterday. He answers questions about his motives, the project’s progress, and talks about the facts surrounding the coin’s earlier 51 percent attacks. Verge was created in mid-2014 by Justin (Vendetta) “Sunerok” Valo under the name DogeCoinDark. The coin was later […]

a month ago

"Zilliqa is on the verge of cementing its position as the fi...

"Zilliqa is on the verge of cementing its position as the first sharded live public blockchain," writes… https://t.co/9BXKidMKIU

a month ago

NetCents and PAX Technology Partner to Bring Payment Accessibility Using Verge (XVG)

NetCents, a partner of Verge, has partnered with PAX Technology to make payments more accessible for users using Verge. PAX Technology is a global supplier to leading global acquirers. The firm has partnered with top financial firms like Deutsche Bank, Union Pay, Santander, and Barclays among others. PAX has a novel payment device which lets users boost their sales and delivers an excellent shopping experience. With the collaboration, users will make Verge payments with Netcents on the several terminals of PAX advancing the mainstream adoption of the coin. (KE)

a month ago

NEM Foundation’s Potential Bankruptcy And Layoff Plan Pushes XEM Ticker Down, But All Is Not Lost?

Potential reports of layoffs and financial troubles have made investors lose their confidence in NEM. Price drops by 9% in 4 hours. Extravagant expenditure on marketing and budget of side projects responsible for low liquidity inside the company. New Management and Road-Map at the helm to anchor the sailing ship Price of XEM ticker Takes a Jibe The Price of XEM/BTC has fallen down by 9% post the news of the tentative bankruptcy. The RSI index - 15 and 16 indicate oversold conditions in the daily and hourly chart respectively. 1-Hour Price Chart of XEM/BTC Huge Marketing Budget And Failed Projects The predecessor of Tinsman, Lon Wong, had earlier been accused of unethical marketing by using NEM foundation‘s brand value to push ICOs with a personal stake in it. The NEM foundation’s one of the most significant projects; oil-backed cryptocurrency ‘Petro‘ coin also lost its valor soon after launch, with the Venezuelan citizens preferring Dash and Bitcoin instead. The company has reportedly spent $80 million on marketing in the year 2018. It is necessary for the innovations of technology companies to spend on partnerships and marketing. However, disproportionate investments and unreliable advertising push of XEM price have proved detrimental for the foundation itself. The bear market and uncertainty in the crypto-sphere has caused a price crash and prevented new investments. The NEM-Foundation Appoints A New President Structural changes proposed in the Talent Management of NEM Foundation have revealed that the non-profit organization behind NEM is reeling under financial troubles. The new President of the NEM foundation, Alexandra Tinsman, elected by the voting process on NEM itself, have suggested employee layoffs in the 160 member employee team behind XEM token. New Road-map AND Catapult Update The public net roll out of catapult is the most important focus area of NEM foundation according to their NEM Japan page’s announcement of 2019 goals. The company has also mentioned at it would not shy away from appointing new ‘developers’ to improvise the blockchain platform to compete with the new platforms. Tinsman has pledged of “Measurably improve transparency and accountability” of the foundation accounts as well. The Catapult Public Net will include significant changes in the blockchain platform. The foundation also took complete accountability of communication, NEM council regulation, and ethical foundation practice. Reportedly, on Wednesday Alex Tinsman told Coindesk that NEM Foundation now intends to submit a funding request to the NEM community fund for 160 million tokens (worth roughly $7.5 million), money that would be used to rescue the organization from the verge of bankruptcy. However, with new management at the helm and strong community support especially in Japan, the NEM platform can still come out of this difficult situation. The NEM also reached an important milestone by recording 2 million blocks on its chain. NEM records 2 Million Blocks The post NEM Foundation’s Potential Bankruptcy And Layoff Plan Pushes XEM Ticker Down, But All Is Not Lost? appeared first on Coingape.

2 months ago

A Short History of Major Fiat Currency Collapses and What Triggered Them

Earlier this year we witnessed a mini flash crash that hit the fiat currency markets. It took approximately seven minutes for the Australian dollar to plummet against the Japanese yen, which surged to levels that it had last held almost a decade ago. Like a number of fiat currencies, bitcoin is going through its own boom and bust cycle which is something it has experienced before. Historically, several global currencies have suffered far worse volatility, with hyperinflation often the outcome. Also Read: Back to Basics: What Is Money? USD: The World’s Reserve Currency Before we run down some of the major currency crashes in history, it is worth noting that the world’s reserve currency is currently the U.S. dollar. The dollar became the reserve currency back when President Richard Nixon abandoned the gold standard. In 1944 the Bretton Woods agreement kickstarted the dollar into its current position. Prior to the dollar, the British pound sterling was the dominant global reserve currency. Both the euro and Japanese yen have also become increasingly popular as a reserve currency given the size of their respective economies. The strength of the U.S. dollar is crucial. For example, a strong dollar or increase in the exchange rate is better for individuals because it makes imports cheaper and lowers inflation. Earlier this year, Bank of England governor Mark Carney said the Chinese yuan could be an alternative reserve currency. Referring to the Chinese currency, Carney said: As the world re-orders, this disconnect between the real and financial is likely to reduce, and in the process other reserve currencies may emerge. In the first instance, I would expect these will be existing national currencies, such as the RMB. Most of the world’s currency prices fluctuate based on the supply and demand in the foreign exchange market. The stability of any currency depends on consumer confidence, the political state and economic performance, all of which affect currency strength. Those interested in crypto should review the history of currency crashes in order to better understand volatility and how easy it is for currencies to rise and fall. Venezuelan Bolivar The bolivar is one of the most recent high profile cases of a currency collapsing. For Venezuela it all started back in June 2010 when President Hugo Chávez declared an economic war due to the increasing shortages in Venezuela. Since then the crisis has only intensified under the Maduro government, growing more severe as a result of low oil prices in early 2015, and a drop in oil production from lack of maintenance and investment. Since 2016, political discontent in Venezuela has been fueled by increasing hyperinflation, power cuts, and shortages of food and medicine. In 2017, U.S. President Donald Trump’s administration signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company. This situation forced President Maduro to sidestep the U.S. and phase in use of its controversial digital currency, the “petro,” for oil sales. Collapse of Venezuelan Bolivar. Zimbabwean Dollar The Republic of Zimbabwe in Southern Africa experienced the worst of its inflation in 2008 which led to the abandonment of the currency. Hyperinflation drove a period of currency instability in Zimbabwe which had begun in the late 1990s. Peak hyperinflation occurred in mid-November 2008 with a rate estimated at 79,600,000,000 percent per month. This resulted in U.S.$1 becoming equivalent to the staggering sum of Z$2,621,984,228. Argentinian Peso Argentina is Latin America’s third largest economy. Since its independence from Spain in 1816, the country has defaulted on its debt many times and inflation has often been in the double digits. Argentina experienced record growth until the OPEC oil embargo in the mid-1970s. After this, civil and political unrest followed and budget and trade deficits threatened the onset of a severe recession. Triggered by this, the government resorted to printing money. A military coup in 1976 brought further economic decline and more inflation as the money supply continued to expand. Unfortunately, by 1982 GDP was in free fall and dropped 12 percent year over year, the worst since the Great Depression. Icelandic Króna Between 2008 and 2011 we witnessed the Icelandic financial crisis. Relative to the size of its economy, Iceland’s systemic banking collapse was the largest experienced by any country in economic history. In October 2008, Iceland nationalized its three largest banks, Kaupthing Bank, Landsbanki, and Glitnir Bank, which had defaulted on $62 billion of foreign debt. As trust in the banks faded, this led to a sharp depreciation of the Icelandic króna in 2008. Troubled Turkish Lira In 2018 the Turkish lira slumped to a record low against the U.S. dollar. Turkey’s struggling currency is putting huge amounts of pressure on the country’s massive debt obligation to other countries. From an educational p

2 months ago

Where Does Potential Presidential Hopeful and Former Starbucks CEO Howard Schultz Stand on Bitcoin?

Former Starbucks CEO Howard Schultz is on the verge of announcing that he may run for the 2020 U.S. presidency and many in the crypto-community are wondering where he stands on Bitcoin and cryptocurrency in general. Previously, Schultz said that while he foresees a future for cryptocurrencies as part of a cashless, digital economy, he did not think Bitcoin was a “legitimate” form of money. During a January 2018 conference call with investors, Schultz said that he recognized the value of blockchain technology and could identify multiple use cases but he did not see Bitcoin becoming a widely-used currency. Schultz even touched on the fact that cryptocurrencies could be incorporated into Starbucks’ long-term digital payments strategy but he explained, “I’m talking about...the possibility of what could happen - not in the near term, but in a few years from now- with a consumer application in which there’s trust and legitimacy with regard to digital currency.” At the moment, Shultz appears to mirror a position similar to many others who believe blockchain technology has value but cryptocurrency is not a suitable alternative to fiat currency. (RS)

2 months ago

Ripple (XRP) Partner Euro Exim Bank to Enhance xCurrent to Use It as SWIFT Replacement

Ripple’s ever-growing list of partners and rapid deployment of its solutions around the world is on the verge of…

2 months ago

Are we on the verge of a “crypto-summer” despite a slow moving week?

The market cap and price of Bitcoin have been slowly trickling along with signs of non-volatility. But are we possibly on the verge of a crypto-summer?

2 months ago

@RicardoCrypto @efinexchange Yes, of course. TokenPay #TPAY ...

@RicardoCrypto @efinexchange Yes, of course. TokenPay #TPAY and Verge #XVG cards will launch at the same time. We g… https://t.co/n4feG5YGzN

2 months ago

Our very own Dini will be representing Verge at the Paris Bl...

Our very own Dini will be representing Verge at the Paris Blockchain Summit! $XVG @CryptoGirlDini… https://t.co/2tsH5irTEv

2 months ago

XRP/USD Technical Analysis: Signs of a small bull run imminent in the shorter time-frame

XRP, the second-largest cryptocurrency in the world, still holds its position with a market cap of $13 billion and 24-hour trading volume at $370 million. Most of the trade volume for XRP comes from ZB.COM exchange via trade pair XRP/BTC. The price of XRP is at $0.32, however, is on a slight rise today. 1-hour Source: TradingView The uptrend for XRP in the one-hour time frame has vanished into thin air, while the downtrend strengthens as it extends from $0.3860 to $0.3247. The support at $0.3205 was breached January 20, 2019, at 12:00 UTC. The prices have resurfaced after a brief dip. The resistance at $0.3426 and $0.3806 are holding steady. The Parabolic SAR indicator shows a positive trend for XRP as it is seen placed below the price candles in the charts. The MACD indicator shows a bullish crossover, which started at 22:00 UTC and is close to crossing over to the top of the zero-line. The Awesome Oscillator also shows decreasing green bars that have spawned and are at the verge of crossing over to the top of the zero-line, indicating a bullish crossover. 1-day Source: TradingView XRP’s trend lines in the one-day chart show a similar trend where the uptrend has not gained significant momentum yet. The uptrend extends from $0.2931 to $0.3215. The downtrend ranges from $0.9027 to $0.3754. In this timeframe, XRP being supported at $0.2627, while resistance lines are still holding strong at $0.5821, $0.6899, and $0.9027. The Aroon indicator shows a downtrend that has gained excessive momentum, while the uptrend is failing to neutralize it. Chaikin Money Flow, as seen in the chart above, has crashed and burned, indicating that the larger timeframe for the coin is in the bear’s territory. The RSI shows a similar construct for XRP as the momentum of sellers is increasing, while the buyers are shying away from them. Conclusion The one-hour shows a bullish trend for XRP’s prices, as all the indicators [SAR, MACD, and AO] show that bulls’ are taking the prices on a rally. The longer timeframe for XRP shows a slight bear trend as the indicators Aroon, CMF, and RSI all indicate a downtrend. The post XRP/USD Technical Analysis: Signs of a small bull run imminent in the shorter time-frame appeared first on AMBCrypto.

2 months ago

Verge (XVG) Releases Revised Blackpaper and New Codebase

The team at Verge (XVG) have ushered in the New Year with two new announcements this past week. The first one being that they have released the fifth version of the project’s black-paper. The second announcement that was made by the team at XVG was that the Verge 5.0 Codebase is available on Github for Alpha testing. New Verge Blackpaper The term black-paper was initially used to define a series of articles on British education published from 1969 to 1977. Their name was intended to contrast the government issued white papers at the time. A white paper is an authoritative guide or report that informs the reader about a complex issue. In the case of cryptocurrencies, most projects issue white papers that explain to users and investors of the digital asset, on the future plans of the project. The team at Verge decided to refer to their detailed report as a black-paper. The fifth version of the blackpaper is available online and highlights the current and future plans of the XVG network. Of particular interest in the new blackpaper, is the detailed explanation of TOR integration, I2P integration, the use of the Electrum wallet, Atomic Swaps (cross-chain trading) and Rootstock integration (side chains for smart contracts). Alpha Release of the Verge Codebase The Alpha version of the 5th Verge Codebase is currently available on Github. This version is currently only available to developers and aims at testing vulnerabilities as well as identifying bugs before beta/public release. The team at Verge decided to rebase the XVG code to that of Bitcoin after the network was hacked multiple times mid last year. This was aimed at making the network more secure and less vulnerable to attacks. The rebasing included the addition of features unique to XVG such as stealth addressing and Tor. The team had also clarified that the new codebase did not have the BTC security bug that had been identified in early October last year. The team explained: We already took our time to investigate this issue within our latest codebase and we came to the conclusion that we aren’t vulnerable to this kind of attack. As added security, we are going to include the bitcoin fix into our new codebase as well. What are your thoughts on the recent developments in the Verge cryptocurrency project? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Verge (XVG) Releases Revised Blackpaper and New Codebase appeared first on Ethereum World News.

2 months ago

Verge (XVG) Unveils the Fifth Version its Black-paper and New Codebase

This past week, the Verge team announced that it had released the fifth version of the projects black-paper, which highlights the plans of the XVG network. The firm also unveiled that the Verge 5.0 Codebase is available on GitHub for Alpha testing. The fifth Version of XVG's black-paper details the integration of TOR, I2P integration, the use of the Ethereum wallet, Atomic swaps, and Rootstock integration. The codebase of Version 5.0 of the Verge platform is currently available for developers on GitHub, and it seeks to test vulnerabilities and to identify bugs before the beta/public launch. (KE)

2 months ago


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