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Ripple News & Updates / Ripple Honored at the World Changing Ideas Awards for Developing xRapid

« on: April 10, 2019, 04:58:50 PM »

Ripple keeps proving to be a solid company with much to contribute to the benefit of the ecosystem. The startup behind the development of XRP has slowly succeeded in getting the community interested not only in the technology behind the token but also in other solutions offered by the company.

This successful campaign allowed Ripple to make a name for itself in the international technology landscape, and yesterday, the San Francisco-based company was honored to be considered as the architect of one of the ideas that could change the world.

Fast Company has been organizing the World Changing Ideas Awards for three years as a way of paying tribute to those initiatives that because of their impact, innovation or way of implementation have the possibility of causing a positive impact in the world.

According to information provided by Fast Company, more than 2000 participants submitted their projects to be studied and considered by the panel of judges as worthy of one of the awards available.

The panel of experts gave Ripple an honorable mention in the field of “Developing-World Technology. Specifically, it was the xRapid tech what made it possible for Ripple to obtain such recognition. The company shared the mention along with other startups such as Mindtree.org, Accenture Labs India, Ericsson, and Vivo.

Ripple shared the information with his followers, mentioning that it was an honor for the entire team of workers. The XRP Army quickly spread the tweet and so far has 789 Retweets and more than 1800 likes.

xRapid is a relatively new technology. Ripple officially launched the product a few months ago. Since then, several banks and financial institutions have adopted the technology to facilitate international trade and payments. XRP currently has bullish behavior, standing at 0.35276 USD per token.

Despite the hype that this news could have triggered, the token behaves relatively normal. Notwithstanding the general market trend, the value of XRP with respect to BTC has been in a constant decline, however, when compared to the XRP/USD pair is clear that XRP is bullish and is only seen with a downward trend because the Bitcoin has had much higher growth.

source:https://ethereumworldnews.com/ripple-honored-at-the-world-changing-ideas-awards-for-developing-xrapid/

Cryptocurrency Price Speculations / Will Cardano Reclaim Highs Over $0.1 This Week?

« on: April 09, 2019, 06:08:14 AM »

On Apr 2, Cardano initiated a rapid move. By the end of Apr 3, it had reached a high of over $0.1.

A significant downtrend followed with a low of under $0.083 reached on Apr 4. Prices slightly rise and plateaued throughout the next several days.

Currently, ADA/USD is trading closer to the lows of Apr 4 than the highs of Apr 3:

Will Cardano reclaim new highs or fall to lower lows?

Let’s find out:

Cardano (ADA): Trends and Highlights for Apr 8, 2019
- Cardano reached a high on Apr 3 and has been on a downtrend since.
- ADA/USD is trading inside a symmetrical triangle
- It is trading below the lower bollinger band.
- There is support near $0.08 and resistance near $0.01.

Ascending Triangle
Cardano’s current pattern is traced using the one-hour prices of ADA on Binance from Apr 2 to Apr 8.
On Apr 2, the price reached an hourly low of $0.079. Several market cycles have been completed since. The price has made several higher lows.

Tracing these lows gives us an ascending support line:

On Apr 4, the price made a high of $0.0947. A gradual drop was followed by a gradual increase. The price has reached the same level four times.

Tracing these highs gives us a horizontal resistance line.

The resistance and support lines combine to create an ascending triangle:

It is likely that the price moves within the confines of this triangle until a decisive move occurs. The ascending triangle is a bullish pattern. This mean prices increases—including a possible breakout above resistance—is more likley than price decreases.

In order to figure out whether or not price increases or breakout is imminent, need to apply a few technical indicators.

Bollinger Bands
We begin by incorporating Bollinger Bands into the analysis.

On Apr 8, the price reached a low of $0.863. This caused it to trade below the lower bollinger band.
We can see that the previous three times this occurred, a price increase ensued.

Using this indicator suggests price increases toward the resistance line of the triangle in the near future.

Future Movements
The price of ADA on Binance is analyzed at two-hour intervals from Mar 31 to Apr 5 in order to better assess resistance and support areas.

The first resistance area is found near $0.01, coinciding with the recent high of Apr 3. If the analysis in our previous section proves to be correct, the price could eventually reach this area.

The closest support area is found near $0.08. We currently do not believe that Cardano will reach this area in the near future.

Summary of Analysis
Based on our analysis, the price of ADA will likely move inside the confines of the ascending triangle. Price increases are likely with a possible breakout.

source: https://beincrypto.com/ada-cardano-price-analysis-04-08-2019/

Coinbase / Coinbase Lists EOS Despite Possibly Being an Unregistered Security

« on: April 09, 2019, 06:02:30 AM »

Coinbase made a big splash today by surprisingly listing EOS on their exchange. However, there is evidence suggesting EOS could be considered a security, which might put the cryptocurrency exchange under pressure from regulators.

EOS is officially going to be trading on Coinbase. Although the cryptocurrency exchange has been more aggressive in its listings, its most recent could cause some hesitation regarding EOS’s status as a possible security.

Although the founders of EOS have vehemently denied this claim, there remains questions surrounding EOS and its initial coin offing (ICO) which was held outside of the U.S.

One of the most important characteristics in determining if a cryptocurrency is a security is whether or not it has a ‘decentralized structure.’ By all accounts, EOS is not only massively centralized but is made up of a non-anonymous cartel of 21 block producers who run the network and issue tokens.

Ask yourselves: if a non-anonymous global conglomerate were to issue their own token, would it be considered a security? In the eyes of the SEC, it most certainly would.

Other Questions to Consider
Aside from whether or not the EOS blockchain is decentralized (hint: it’s not), there are other criteria to consider as outlined by the SEC.

(1) Is a there a person or group sponsoring or promoting the creation of a digital asset, and if so, do they play a significant role in its development and maintenance?

The answer to this question is obvious. There is no denying Block.one is not only directly involved in the promotion of EOS, but is actively tinkering with the software, writing the constitution, and having a heavy hand in the overall maintenance of the network. Their control is so direct that they can even freeze EOS addresses (another clear sign that it is not decentralized).

Sure, the block producers technically confirm transactions, but the real power lies in Block.one. After all, they didn’t raise over $4B during their year-long ICO for nothing.

(2) Has the promoter raised an amount of funds in excess of what may be needed to establish a functional network?

By all estimates, Block.one has raised much more than it needed. Raising over $4B and lasting for a year, it was the largest ICO in history by any metric. There’s valid arguments to be made that the EOS ICO was not at all necessary to establish a functional network, given that Block.one is keeping most of that money locked up for ‘software development’ over the next ten years. To release the first installment of EOS.IO likely required only a tiny fraction of the money raised.

By comparison, Ethereum (ETH) raised only $18M during its ICO. With this comparatively paltry sum, it was able to set up a functional network, market the network, and grow to be the largest community of blockchain developers in the entire cryptocurrency space.

Coinbase to Have Problems Down the Line
Although EOS fans are likely celebrating their cryptocurrency being added to Coinbase, the many questions surrounding EOS should give us pause. Although Coinbase is not averse to listing security tokens, EOS is thus far unregistered and unaccounted for.

Based in the Cayman Islands to avoid authorities, any legal trouble would likely fall on Coinbase for listing them in the first place.

source: https://beincrypto.com/coinbase-lists-eos-despite-possibly-being-an-unregistered-security/

Cryptocurrency Price Speculations / Ethereum Price Analysis: Latest Forecast Shows False ETH Breakout

« on: April 08, 2019, 08:44:54 AM »

Since Ethereum has been surging over the last few hours, let’s go ahead and check out its price action to see what may be next for investors.

Ethereum Price Analysis

The first thing that we can observe on the price chart for Ethereum on the daily resolution is that the EMA-200 (purple line) is looming directly overhead to serve as a resistance for further price action.

This is something that traders should definitely note.

Potential Ascending Triangle Formation
Many (including the author) have noticed what appears to be the makings of an ascending triangle (flat-top triangle). These are bullish continuation/reversal patterns that often lead to major gains.

In fact, it is the fulfillment of this pattern that led to Bitcoin’s massive gains.

Let’s briefly review below what an ascending triangle (flat-top) pattern formation looks like and how it works:

Let’s see how Ethereum matches up with this chart formation on the daily resolution:

From what we can see above, the current price action for Ethereum does have all of the trappings of a flat-top triangle.

Let’s go to the current price action (down to the candle) to see if the current day’s price action reflects a true breakout:

At first glance, it does. However, what is seen above should not be considered to be a true breakout.

Why?

When Volume Does Not Match Breakout, it is a ‘False Breakout’

source: https://bitcoinexchangeguide.com/ethereum-price-analysis-latest-forecast-shows-false-eth-breakout/

Ethereum News & Updates / Ethereum Decentralized Applications Nearing Half a Billion Worth of ETH Locked i

« on: April 08, 2019, 08:40:43 AM »

Ethereum Decentralized Applications Nearing Half a Billion Worth of ETH Locked in dApps

Around 2.5 million ETH (approximately $400 million) is locked in decentralized applications. The dominant dApp is MakerDAO DAI smart contract, as it has around 2.2 million ETH. The second runner-up is Ethereum Name Service (ENS). In June 2017, it had about half a billion ETH. Right now, it is around $2 million, which means that individuals can create a ETH address using trust nodes.

The third strongest performer is Compound, a dApp that permits users to borrow and gain interest through lending ETH and other tokens. Compound has around 40,000 ETH and its overall assets are $27.5 million. Behind Compound is Uniswap, whose usage is growing. It as about 30,000 ETH as well. Following is Kyber.

Dai launched at the start of 2018 and people are waiting to see how the system performs. There is also a protocol level taking place concerning proof of stake testnet, which according to Vitalik Buterin, will provide an interest rate of 2% to 6%.

source: https://bitcoinexchangeguide.com/ethereum-decentralized-applications-nearing-half-a-billion-worth-of-eth-locked-in-dapps/

Ethereum Classic / Ethereum Classic Skyrockets Due To The New Atlantis Upgrade, Rising Over 20% Thi

« on: April 08, 2019, 08:38:01 AM »

Ethereum Classic Skyrockets Due To The New Atlantis Upgrade, Rising Over 20% This Weekend

Ethereum Classic (ETC) became the largest gainer among the top 100 due to the imminent network upgrade known as Atlantis. After a 51% attack experienced by the network at the beginning of the current year, ETC is improving its presence in the market with a new update.

Ethereum Classic Saw Nearly 30% Gains In 24 Hours
During the last few days, we have been talking about how Bitcoin (BTC) and other digital assets have been growing in the market. This is clearly very positive for the space that was waiting for positive news coming from market participants.

This time, Ethereum Classic will be implementing the ECIP-1054 (Ethereum Classic Improvement Proposal) that is called Atlantis. This will allow the network to integrate “Byzantium” and “Spurious Dragon” upgrades that were made in Ethereum and that would assure cross chain compatibility.

According to a recent Medium post, ETC core developers prepared this hard fork specification that will be integrating the aforementioned improvements made in Ethereum to assure compatibility across chains.

ETC node operators, mining pools, miners, developers, and other participants in the ecosystems have been invited to a voice chat to talk about these changes, gain consensus and also discuss variations to Atlantis.

As per the blog post, Atlantis has already undergone developer technical discussion and it is ready for “wider community discussion.”

The blog post explains the current situation in the market:

“ECIP-1054 named “Atlantis” has undergone developer technical discussion and is ready for a wider community discussion with node operators, miners, and the rest of the network participants and users.”

https://twitter.com/eth_classic/status/1114090299184123904

As mentioned before, Ethereum Classic experienced a 51% attack earlier this year that has affected the network. An unknown attacker decided to alter transactions on the network causing exchanges to halt ETC deposits and withdrawals for a long period of time.

At the same time, at the end of 2018, the Ethereum Classic community became divided regarding an attempted community takeover by Digital Finance Group (DFG). DFG is in charge, or at least it was, of ETC Labs, and it is one of the most active developers in the ETC network.

At the time of writing this article, Ethereum Classic is the 16th largest digital asset in the market with a market cap of $843 million and a price per coin of $7.7. In the last 24 hours, the digital asset grew over 29%.

source: https://bitcoinexchangeguide.com/ethereum-classic-skyrockets-due-to-the-new-atlantis-upgrade-rising-over-20-this-weekend/

Binance Coin (BNB) / Binance Coin Price Prediction: Long-term (BNB) Value Forecast

« on: April 07, 2019, 04:16:08 PM »

BNB/USD crypto-trade has located another range zones within $24 and $16 marks as against the last lower spots.
The 50-day SMA trend-line could determine an end of an uptrend market condition of this crypto-trade especially while broken downwards.

BNB/USD Long-term Trend – Ranging
-Distribution territories: $28, $32, $36
-Accumulation territories: $12, $8, $4

In spite of a sudden hike in price that occurred in most of the crypto-trading operations on April 2, the market valuation of BNB/USD still moves in a range until now. The impact of the spike has only made the crypto to locate another range zones within $24 and $16 marks.

The market trend has been keeping in motion along the 14-day SMA indicator slightly to the north direction above the 50-day SMA with a notable small space between them. The Stochastic Oscillators are conjoint at range 60 to signify that the range price movement is still on-going.

The emergence of a bullish shaven candlestick is most needed to be formed against the $24 upper range mark to potentially substantiate the bulls’ returning on a more convincing mote in the market. The 50-day SMA has been the trend-line that could determine an end of an uptrend market condition of this crypto-trade if eventually sees a strong push southward against its $16 lower range point.

source: https://bitcoinexchangeguide.com/binance-coin-price-prediction-long-term-bnb-value-forecast-april-7/

EOS Forum / EOSIO Labs Roll Out an Open-Source Universal Authenticator Library Repository

« on: April 07, 2019, 03:55:33 PM »

A day after unleashing their proprietary ‘Open Innovation’ hub called EOSIO Labs, Block.one is back in the headlines again, this time with the Universal Authenticator Library Github repository

According to the announcement posted in depth on its Medium.com channel, the UAL repository will essentially check and assess what the future holds in private key management. It will basically augment the whole task of exploring the EOSIO wallet ecosystem for the benefit of both the vibrant EOSIO developer community and this software tech and DApps platform.

Block.one’s team firmly focused on making EOSIO wallet ecosystem
EOSIO wallet ecosystem and the need for proper access key and password management greatly informed the formation of EOSIO wallet ecosystem. In the realms of Blockchain, wallets are the primary ‘connectors’ that allow people to interact with applications. But as it turns out, not so many people are interested in storing tokens compared to the millions whose interest is on the utility of Blockchain applications nowadays.

And so, for Block.one to realize a greater adoption of Blockchain-based software, it has to fully make wallets the right access key managers. It merely uses the term ‘wallet’ though it might eventually be an ‘authenticator’ once it becomes fully developed.

Development is still on-going at the EOSIO wallet ecosystem. And that’s why, instead of launching a proprietary wallet, the firm chose to present it as an Open Source Software. This alternative approach will effectively allow application developers to be part of the upgrading of the Authenticator. It is a way of giving them a chance to participate in its improvement and hopefully speed up its finalization.

Optional and Opinionated UI Layer
One distinctive feature with this Universal Authenticator Library repository is that it will grant DApp developers the freedom to integrate it to a host of authenticators. Authenticators who essentially comprise wallets, app developers and access key managers will only have to code to one, universal API.

However, it’s interesting that this repository allows them the option to also use their UI layer. Usage is optional, but very opinionated because of its characteristically consistent look and feel, different from that of the original authenticator.

That aside, any application based on it will work the normal way. After it’s integrated, it will come with the normal user experience, similar to the ordinary ‘social login or single sign-on’ and with no complex effort. Moreover, because more authenticators are on the way, adding a few more lines of code to the same will enhance everything.

The Architecture of this Universal Authenticator Library
Well, it comes with three major components namely:

AUL Core
It is a TypeScript library which basically serves as the fastener, binding all the three concepts of this AUL together. Essentially, it outlines the norms to be followed by the Universal Authenticator Library wallet authenticator plugins. And by so doing, it exposes a robust and reliable public API for DApp developers. All the norms, of course, come with lots of extra conveniences.

Authenticators
We could say they are the all-important UAL wallet plugins. Basically, they are the ones that cover each of the individual wallet APIs to form a wholly UAL-compatible covering. It’s important to note that authenticators do not form part of the innate UAL library and only exist on their own. They are codebases, written by members of the community or by independent wallet developers.

At the moment, Authenticators that are fully operational are for Scatter Desktop, Ledger, Lynx and TokenPocket. For those interested in creating others for their own uses, there’s a guide called UAL Authenticator Walkthrough with all the main details.

Renderers
The Universal Authenticator Library repository is optional and opinionated because of this plugin. Renderers are plugins dedicated to the user interface and essentially ensure you get a more consistent look and feel.

Developers also rely on these plugins to seamlessly incorporate UAL into their library. Some of the most famous Renderers right now are for ReactJS and PlainJS and interested developers are encouraged to help come up with more.

It’s democratizing achievement of a seamless User Experience, or so it seems
Block.one has been one of the staunchest advocates of the full adoption of Blockchain. And knowing that the most efficient way of achieving optimized wallet usability is by enabling freedom in the operations of the market, it has rolled out the Universal Authenticator Library.

Users should be free to choose the best user experience using an authenticator of their choice. This essentially means that at the core of everything is the authenticator whose core role is to initiate rapid enhancements in the overall Blockchain user experience.

Effectively, Universal Authenticator Library will help DApp developers and everyone interested in blockchain enjoys a cool friction-free experience. With just the Universal Authenticator Library’s simplified transaction completion experience, everyone is confident of not experiencing any hitch on their preferred wallet.

You too can be part of the Universal Authenticator Library
As elucidated by Block.one, the essence of making it open-source is to allow everyone to participate in its creation. The EOSIO Labs are intended to grant interested developers an enabling environment where they’ll speed up all their innovations and discoveries. All that takes place in the MIT-licensed EOSIO Labs repositories is for the good of the EOSIO community.

However, these repositories are just experimental and will graduate to ‘Supported Status’ when the right moment arrives. Meanwhile, every community member is encouraged to participate and better the UAL repositories.

UAL documentation is available and anyone can use either of ReactJS and PlainJS to spin up an example of App for UAL. Also, anyone can add UAL to their web app, thanks to the prebuilt Renderers. And for anyone interested in improving EOSIO Labs repositories for developers, there’s an email address, [email protected] that goes directly to the developer relations team in place.

Important: Block.one and repositories are unique and independent of each other
Lastly, it is important to note that Block.one doesn’t support any of the repositories and thus isn’t answerable to any pull request, updating and pretty much any other request. Community members should, therefore, accept them as independent components of the ecosystem and use them on their projects.

Block.one will eventually grant support to developers once a projects graduate and outlive the EOSIO Labs. It will do so, pretty much the same way it is doing with Demux, EOSJS and the rest.

source: https://bitcoinexchangeguide.com/eosio-labs-roll-out-an-open-source-universal-authenticator-library-repository/

Binance Coin (BNB) / Shorting Binance Coin Might Be a Good Idea (Keyword: ‘Might’)

« on: April 06, 2019, 03:52:20 PM »

Former Coinbase employee and founder of 1confirmation, Nick Tomaino, believes Binance Coin (BNB) is the best altcoin to short right now.

Binance’s competitive edge comes from its minimal know-your-customer (KYC) requirements and trading limits, along with aggressively adding new coins consistently. This is what has allowed the world’s largest cryptocurrency exchange to have a 40 percent market share in just two years.

Does this mean that Binance Coin is a good long-term investment? According to Nick Tomaino, not really.

https://twitter.com/NTmoney/status/1113929659488411648

The Case Against Binance Coin
In a recent tweet storm, Tomaino lays out his case why Binance Coin’s long-term prospects are not looking too good. He bases his case on the fundamental assertion that Binance has not really pushed the space forward in any meaningful way — with the UI/UX being “worse than many decentralized exchanges.”

Binance Coin (BNB), being a product of a centralized company, should give true cryptocurrency proponents some pause. The bullish case for BNB relies on either believing to Binance will continue to grow or successfully transition to a decentralized exchange model that will be widely used. (Keep in mind that expanded growth will require fiat onramps and institutional investors on its exchange.)

Tomaino admits that if Binance is able to pull off the creation of a DEX, he may be proven wrong. However, he still asserts that investing in a coin with over $1B market capitalization for a product which doesn’t exist seems like a high-risk bet.

He also points out that BNB, unlike other cryptocurrencies, does not have a legitimate community. It doesn’t stand for much, other than making money. It is a community of believers, Tomaino says, that gives cryptocurrencies value in the long-run. It is on these grounds that those BNB holders will just move on to the next money-making opportunity, in due time.

Other prominent analysts, however, have different opinions.

https://twitter.com/NTmoney/status/1113929659488411648

source : https://beincrypto.com/shorting-binance-coin-might-be-a-good-idea-keyword-might/

Cryptocurrency Price Speculations / EOS Jumps to Over $6 During April Bulls

« on: April 06, 2019, 03:49:22 PM »

On Apr 2, the price of EOS initiated a rapid upward movement. A high of $6 was reached on Apr 3.

After the high, prices began to gradually decrease. that brought prices below $5.

Prices subsequently rose to nearly $5.50 the following day when a reversal ensued. They have since stabalized between $5.30 and $5.40 at the time of writing

Will the current reversal lead to a new uptrend? Will EOS reach $6 again?

Let’s find out.

EOS (EOS): Trends And Highlights For April 5, 2019
- The price of EOS reached a high of $6.09 on Apr 3.
- EOS is trading inside an ascending triangle.
- The SMAs have made a bullish cross.
- There is resistance near $6 and support near $4.7.

Tracing the Current Trading Pattern

The price of EOS on Binance was analyzed at one-hour intervals from Apr 1 to Apr 5 to trace the current trading pattern.
On Apr 2, the price made an hourly low of $4.14. A sharp upward move was followed by a gradual decrease. The price has made several higher lows.

Tracing these lows gives us an ascending support line:

On Apr 4, the price reached an hourly high of $5.35. A gradual drop ensued followed by an increase. The price reached the same level three times.

Tracing these highs gives us a horizontal resistance line.

The resistance and support lines combine to create an ascending triangle:

This is a bullish pattern. It suggests forthcoming price increases.

To determine whether price increases are likely, however, requires us to incorporate technical indicators into the analysis.

source: https://beincrypto.com/iota-price-analysis-04-05-2019/

Cryptocurrency Price Speculations / IOTA Struggles to Maintain $0.04 After Bullish Run

« on: April 06, 2019, 03:44:54 PM »

On Mar 26, 2019, the price of IOTA reached a low of $0.289. A gradual uptrend ensued.

Price increases accelerated on Apr 2 during a market-wide spike. A high of $0.383 was reached on Apr 3.

Prices subsequently dropped. There was a reversal on Apr 5. However, prices are still trading below the Apr 3 high.

Will the price of IOTA climb past its earlier high or will another downtrend ensue soon?

IOTA: Trends and Highlights For April 5, 2019.
- IOTA’s price has been on an upward trend since Mar 26.
- It is following an ascending support line
- The uptrend intensified on Apr 2.
- There has been bearish divergence developing in the RSI.
- There is resistance near $0.40.

Tracing Support
The price of IOTA (IOTA) on Binance is analyzed in two-hour intervals from Mar 26 to Apr 5.

On Mar 26, the price made a low of $0.289. Several market cycles followed. Each high was higher than the last.

Tracing these lows gives us an ascending support line:

The price is not following a visible resistance line during this time frame. However, there is resistance visible on a shorter time frame.

Let’s take a look:

Ascending Resistance
The price of IOTA (IOTA) on Binance is analyzed in thirty-minute intervals from Apr 4 to Apr 5.

On Apr 5, the price made a high of $0.356. It has created several higher highs since.

Tracing these highs gives us an ascending resistance line:

Will the price break out above this resistance?

Let’s take a look at some technical indicators to find out.

Bearish Divergence
Combining RSI bullish/bearish divergence with support/resistance essentially predicts price fluctuations.

On Apr 5, the price made a high of $0.356. Since then, it has continued to increase.

Similarly, the RSI made the first high on Apr 5. However, it proceeded to generate lower values.

This is known as bearish divergence and often precedes price decreases.

Future Movement
To better assess possible future prices the price of IOTA (IOTA) on Binance is analyzed in two-hour intervals from Mar 26 to Apr 5. The short-term resistance is traced alongside long-term support.

A short-term horizontal channel is created:

Based on the previous prediction, we believe that IOTA may increase within this new channel but that prices will drop to the support line in the near future.

However, this should only be a short-term drop inside a longer, upward move even if the channel does not hold. The support line, after all, is still upward facing.

Long-TermPrices
The price of IOTA (IOTA) on Binance is analyzed in one-day intervals from Dec 2018 to Apr 2019 to determine actual future price levels. We integrate resistance and support areas into the analysis to accomplish this.

The closest resistance area is found near $0.04. It is created by the highs of Jan 2019.

The price reached a high of $0.394 on Apr 2 within the resistance. However, these were wick highs, and IOTA quickly fell from these levels after reached.

It has yet to return to the resistance area again. However, according to our analysis, we believe that even if there are short-term losses, the price will eventually reach or exceed the $0.04 level.

Summary of Analysis
Based on this analysis, it is likely that the price of IOTA should drop towards the support line at $0.33 before rising toward the resistance area near $0.04.

source:https://beincrypto.com/iota-price-analysis-04-05-2019/

Bitcoin News & Updates / BTC could surpass Visa, Mastercard and PayPal in 10 Years, Research Says

« on: April 05, 2019, 12:16:15 PM »

The market for cryptocurrencies has exploded, and despite the bearish streak, their use and volume has grown more than practically any other asset ( either digital or physical) in the same period of time. Bitcoin (BTC) is the cryptocurrency of reference, not only because it is the first token ever created but also because it has the largest marketcap and the most significant community of users and developers in the entire ecosystem.

The study indicates that Bitcoin surpassed Visa in the average amount of transactions. However, DataLight decided to compare the results with other payment service providers such as Master Card and PayPal. The results were described as “surprising” and show a rather optimistic outlook for the future:

In 2018 an average Bitcoin transaction volume was 450 times higher than Visa’s average, while the total of $3.4 trillion transferred with Bitcoin in 2018 is 5.8 times higher than such of PayPal …
DataLight experts investigated Bitcoin as a payment system and compared it with the economic indicators of Visa, MasterCard and PayPal provided in their 2018 annual reports.
The results are very surprising.

BTC Win in Some Areas… Could Win in Many More
First, from a positive point of view, the team noted that Bitcoin outperforms PayPal in transaction volume. However, it still lags behind Visa and Mastercard. It is very possible that in the near future, BTC and Master will change positions.

However, they emphasized that according to their research, Bitcoin is a better option for sending large amounts of money, beating Visa not only in processing time but in the lower cost associated with such transactions.

Bitcoin is many thousands of times ahead of the competition in this aspect. Its $40000 is 450 times larger than Visa’s. This tells us that the Bitcoin’s network is more suitable for larger, probably international payments …
Bitcoin was the first cryptocurrency ever and its code is still imperfect. However, with all of its imperfections it is still many hundred times faster than the existing wire transfers. Bitcoin’s fees are so small that you can transfer millions of dollars for a dozen cents. This is the reason many financial organizations find it so attractive.

They also point out that Bitcoin has a long way to go before we can talk about mass adoption. Its 25 million accounts in 2018 are minimal compared to the more than 5 billion Visa and Mastercard cards available in the world.

The report ends with a rather optimistic prediction, commenting that if Bitcoin maintains the trend of the last ten years, it is very possible that in the next decade it will become the payment method par excellence for society:

“In just 10 years, Bitcoin has managed to compete with the leaders of the payment system industry. Bitcoin’s development is occurring exponentially …
If it maintains this pace, in another 10 years, it will surpass all competition.”

source: https://ethereumworldnews.com/btc-could-surpass-visa-mastercard-and-paypal-in-10-years-research-says/

Ripple News & Updates / Ripple Late to the Party With 12% Pump For XRP

« on: April 05, 2019, 12:12:34 PM »

This week’s big market movement has been largely focused on Bitcoin which served as the catalyst once again. The second two largest crypto assets, Ethereum and XRP did not get such a boost and started to fall back quickly. That is until an hour or so ago when XRP finally woke up and started to surge.

During today’s Asian trading session the Ripple token surged from $0.330 to just over $0.337, its highest level for three months. The move has lifted XRP higher than Tuesday’s rally which saw huge gains for Bitcoin Cash and Litecoin. Daily volume is picking up again and is just over $2 billion.

XRP is closing the gap to Ethereum in second but at the time of writing it still remains at just under $2 billion in market cap. The Ripple token has reached $15.3 billion whereas ETH is still over $17 billion. It has not enjoyed the same gains that other altcoins have this year having made only 5% since the beginning of January.

The momentum may have been driven by yesterday’s announcement that UK based RationalFX, a money transfer company with over 180,000 registered clients, has partnered with Ripple for international payments

The firm originally joined RippleNet in April last year along with FairFX, Exchange4Free, UniPAY and MoneyMatch according to the company blog. Most Ripple’s partners will start off with the xCurrent system before switching to xRapid which uses the native XRP token for cross border transactions.

Despite Ripple being a contentious subject for crypto enthusiasts many are confident that XRP will be one of the top performing tokens in 2019. A current Weiss survey on twitter reveals that 54% of 5,400 people polled believe that XRP will be a market leader.

Weiss also recently rated XRP as a ‘grade A’ crypto alongside EOS and Bitcoin in its latest annual report. At the time the token did not react, it has been late coming to the party but is finally making moves today.

Google’s Gmail integration of XRP for users to send instant tips to each other has undoubtedly driven some momentum. The platform uses a Chrome plugin called MoneyMessage and XRPTipBot which is already in operation on Reddit, Twitter, and Discord.

Recent reports also indicate that Ripple is viewed as being more stable and attractive to governments and financial institutions.

source: https://ethereumworldnews.com/ripple-late-to-the-party-with-12-pump-for-xrp/

Coinbase / Coinbase Announces Staking Support for Tezos, MakerDAO

« on: April 04, 2019, 11:22:30 AM »

Coinbase announced yesterday yet another upgrade to its platform, offering staking ability for Tezos, with MakerDAO governance coming in the weeks ahead. The service, only for Coinbase Custody customers, will allow institutions to participate in these networks, and thereby earn passive income.

The move highlights the company’s new business trajectory of adding a host of various coins and services. With new coin support and services coming online nearly every week, the once-slow moving exchange has seemingly come to embrace everything crypto.

Stake N’ Bake
Staking is the term used by Delegated Proof of Stake (DPoS) blockchain networks to describe participants delegating their digital tokens to a block validating node. Those who stake their assets then have a chance to receive a percentage return of the fees received for block validation.

Tezos uses a modified DPoS system called Liquid PoS (LPoS), which makes staking optional. This allows token holders to choose, therefore increasing the decentralization of the network, as opposed to traditional DPoS networks like Tron.

The obvious issue is that staking tokens with another node puts those tokens at risk. Most large-scale holders have been unwilling to stake client tokens for fear of loss. However, Coinbase hopes that their track record of strong security will create enough trust to boost staking. According to the post:

‘No other staking provider has our track record of security and regulatory compliance, nor our comprehensive, best-in-class insurance coverage.’

Demons of Delegation
The question then, of course, is how does Coinbase use LPoS to provide that necessary security?

The choice of Tezos as the first staking token being offered, per the announcement, is due to its Liquid PoS (LPoS) protocol. This allows the exchange to keep the tokens in separate cold storage wallets. At that point, the risk is reduced to that of non-PoS coins like Bitcoin. Additionally, Coinbase offers insurance on the staked tokens as well.

And the Vote Goes to…
Coinbase also plans to offer voting privileges for institutions with staked tokens. This will begin with Tezos and MakerDAO in the second quarter of 2019. The exact methodology for achieving this is not clear. However, according to the company:

‘Coinbase Custody will provide an essential service by providing a way for institutional holders to participate in the system and vote with their MKR.’

With staking and voting services now available, Coinbase is moving toward greater participation in the crypto community. As developments continue, BeInCrypto will keep readers up to date on the changes.

source: https://beincrypto.com/bitcoins-push-to-retake-5000-a-new-trend-or-nothing-special/

Bitcoin News & Updates / Bitcoin’s Push to Retake $5,000: A New Trend or ‘Nothing Special?

« on: April 04, 2019, 05:54:31 AM »

Following a recent surge, Bitcoin (BTC) prices briefly crossed the $5,000 mark — reaching a four-month high after recording two back-to-back winning months.

Currently, experts are dubbing yesterday’s impressive price surge a mystery, as the exact reason behind the move remains uncertain.

That being said, according to Oliver von Landsberg-Sadie, founder and CEO of London-based financial services company BCB group, the surge may have been caused by an algorithmic order of ~20,000 BTC distributed over a variety of major exchanges — likely activated after Bitcoin broke through it’s year-long $4,200 resistance point.

In light of the recent price changes, the current market sentiment could be tracked by looking at an indicator such as the Exponential Moving Average (EMA) to show how the average price has changed over time. As it stands, there appears to be no negative volume movement. As per our previous technical analysis, Bitcoin appears to have found new support, with the bottom now set at ~$4,200.

When it comes to traditional stocks and mutual funds, any asset yielding above 20 percent is considered a risky investment and is categorized accordingly. The cryptocurrency markets, however, are much smaller and driven primarily by user and investor sentiment.

Even unremarkable incidents where a large amount of any crypto is bought or sold could have a ripple effect across all other cryptocurrency markets. In this case, Bitcoin (BTC) was one of the first major coins to move, while almost all other markets followed shortly after. It may also be argued that altcoin rallies led to the price surge for the market leader.

On one hand, experienced crypto traders and enthusiasts are eager to see the return of the kind of market witnessed in 2017 — where Bitcoin soared, growing more than 1,500 percent without significantly breaking stride.

On the other hand, such price volatility is the very reason why the Securities Exchange Commission (SEC) continues to delay any Bitcoin or crypto related Exchange Traded Fund (ETF) product.

For many fundamentalists, it is still a debate whether more emphasis should be placed on Bitcoin’s current previous relative price stability, or to its wild bull runs seen in 2012, 2017 and now possibly 2019.

If Bloomberg is to be believed, the current surge is not convincingly bullish, arguing that the spike was likely caused by big orders from a small number of players. Jehan Chu, managing partner at Kenetic Capital states that market is “still very much subject to waves of enthusiasm” and that the surge is nothing out of the ordinary.

That being said, Bitcoin has been defined by price swings much wilder than the 20 percent growth seen yesterday. In 2018 alone, BTC experienced several rallies where more than 20 percent was gained. However, few were as sharp and as fast as the one seen most recently. Could this be the cusp of the next bull run? Only time will tell.

source: https://beincrypto.com/bitcoins-push-to-retake-5000-a-new-trend-or-nothing-special/