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Tuesday, December 12, 2017

Bitmain Tech Antminer S1 Dual Blade 180GH/S Bitcoin ASIC Miner (H54) https://t.co/53kTBYFpnq


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Andreas Antonopoulos Receives a $1.5 Bitcoin Donation With $13.46 in Fees https://t.co/oqtKIhrsoD


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Lucyd and ROAR Form Strategic Alliance https://t.co/y831oj1ai7


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Cappasity hits exchange and invites to VR/AR meetup https://t.co/ys4SY4wZlI


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Who is to Dominate IOT? ETC or IOTA? https://t.co/l0ClAnJnDU


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The Dollar Vigilante Becomes Experty Ambassador https://t.co/NaBDxmMdlN


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Introducing DenCity: World’s First Blockchain Enabled City https://t.co/UVNc9qiWaF


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Bitcoin Price Watch; Let’s Get Trading! https://t.co/exr9hK58tM


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CBOE Bitcoin Futures Bring in Adequate Volume but Bullish Sentiment Isn’t There yet https://t.co/BDxFKEtFdp


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2,018 BTC opportunity from Boss Gaming Studio https://t.co/VJd1G7vQZk


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2,018 BTC opportunity from Boss Gaming Studio https://t.co/VJd1G7vQZk


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No Stopping? After New High, Bitcoin Price Eyes $20k https://t.co/QBigQ2yixh


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New Self-Regulatory Body Aims to Develop ICO Standards https://t.co/zveIJmH2Ou


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Andreas Antonopoulos Receives a $1.5 Bitcoin Donation With $13.46 in Fees

One of the bigger stories last week how Andreas Antonopoulos received a lot of Bitcoin donations. After being publicly “shamed’ by Roger Ver, the community showed their goodwill. One thing that seemed to go by unnoticed is how the high Bitcoin fees play a big role in all of this as well. More specifically, one donation worth $1.5 carried a $13.46 transaction fee. Bitcoin becomes less and less suited as a currency every single week, to say the least.

Bitcoin has a lot of network issues these days. While the transaction delays are almost solved, the fee situation is still worrisome. The recent Andreas Antonopoulos donation spree only confirms as much. One particular donation had almost 10 times its original value in transaction fees. Such a development is absolutely unacceptable, to say the very least.

Bitcoin Fees are Bonkers

It also goes to show Bitcoin is less and less suited for actual payments. With these exuberant fees, the ecosystem is evolving in the wrong direction. Spending over $13 to send someone $1.5 is getting ridiculous. It could have been a $15 donation straight to Andreas, but the fees made that impossible. This situation has been problematic for some time now. It doesn’t appear as if a solution will be introduced in the near future either.

Rest assured this particular transaction will get a lot of community attention. It is true a high fee was required to get transactions confirmed quicker. However, paying double digits in fees to spend a buck and a half is not acceptable whatsoever.  Unfortunately, this situation will remain rather problematic for some time to come. It is evident such high costs will only become more apparent as time progresses.

Whether or not situations like these will force people to altcoins, remains to be seen. Litecoin, for example, has gotten a lot of attention lately. The network also has SegWit but far lower transaction fees to boot. It is evident Bitcoin could effectively achieve the same goal. Unfortunately, most service providers have not integrated SegWit capabilities as of yet. We can only hope to see that situation change in the future, but for now, it’s not happening whatsoever.

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JP Buntinx

Lucyd and ROAR Form Strategic Alliance

“We are very excited to work together with ROAR to support their AR shopping apps on the smartglasses we are developing. We think AR shopping applications will be much more enjoyable to use on an AR platform, as people will be able to perform in-smartglass transactions,” said Harrison Gross, Media Lead at Lucyd.

“The future of AR is handsfree and wearable, and we see Lucyd’s blockchain vision as an ideal solution to provide seamless, secure commerce and micro-transactions,” said Steve Curran, CEO of ROAR.

About Lucyd 

Lucyd is an augmented reality (AR) company dedicated to enhancing the visual experience. We are developing next-gen smartglasses and a blockchain-based app store to support them. Our platform will make it easy to create, share and experience AR content in our smartglasses. It’s time to look up from your phone and see the world. To learn more please visit http://www.lucyd.co.

About ROAR 

ROAR is a cloud-based platform that connects CPG brands, retailers and consumers using Augmented Reality technology.

  • Consumers will enjoy enhanced shopping experience using a mobile app for products research, commercial video, price comparison, nutrition information and a lot of more
  • Brands can create and manage one-of-a-kind marketing campaigns with augmented reality content
  • Retailers will deliver a truly innovative e-commerce experience to shoppers, which in turn will boost their online sales

ROAR is set to make shopping experiences easy and awesome, meanwhile giving opportunities to brands and retailers to establish longer lasting relationships with existing and potential customers. To learn more please visit http://www.theroar.io.

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News BTC

Cappasity hits exchange and invites to VR/AR meetup

The Cappasity platform is a decentralized AR/VR Ecosystem for 3D content exchange. The platform allows users to create the content, sell it via the marketplace and embed it into websites, as well as mobile and AR/VR applications. Сappasity overcomes the most important obstacle to the AR/VR content pipeline – how to quickly produce thousands of 3D images. This year Сappasity team is going to release free plugins for Unity and Unreal Engine so that anyone could easily integrate content from the Cappasity platform.

Cappasity’s ICO has received wide public support – over 13,000 people registered on the crowdsale portal.

Cappasity Token was issued as a digital payment vehicle that facilitates 3D content exchange and services among the Ecosystem participants from all over the globe. Immediately after the token was listed on HitBTC, its price has gone up and now is amounted to $0.02. During Phase 1 of the crowdsale, the price was only $0.008.

To support the most active content creators and developers of AR/VR/3D software, Cappasity establishes the AR/VR Innovation Fund. The fund is aimed to reward the developers of the most promising apps.

Cappasity has provided insight into those who have already been using the platform:

“Cappasity’s platform is mainly used by retail e-commerce. Online retailers digitize product catalogs to demonstrate their merchandise in 3D on their websites. Many of them have been already developing VR/AR applications for their customers or are considering an opportunity to use them,” said Natalie Reyes, Chief Sales Officer of Cappasity. “In addition, we have just recently started our collaboration with The New York Academy of Art. The partnership is aimed to display 3D images of art pieces online for almost everything – the Academy’s website, students’ art portfolios, exhibitions, fundraising auctions, etc. The Academy and Cappasity also plan to offer virtual reality tours of the Academy’s major exhibitions and galleries.”

The Academy is the first of 30 US educational institution that will utilize Cappasity’s technology.

Today, the vast majority of our clients is based in Europe and the USA. However, the platform will be launched in China at the beginning of next year.

Cappasity holds the first meetup called “CAPP #1” on January 23, 2018, and invites everyone to participate. The event will take place in Paris or New York, with its location being chosen by voting on our Telegram chat: https://t.me/artoken.

The following topics will be discussed at the meetup: tokens distributions at Phase 2 of the crowdsale, the current progress in the development of the platform and its implementation in B2B and B2C markets. For more information, follow the link: https://blog.artoken.io/capp-1-first-meetup-for-our-community-1e11d4708d8

Websitewww.artoken.io

Video – https://www.youtube.com/watch?v=miyZBU8LMRE

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Robert smith

Who is to Dominate IOT? ETC or IOTA?

This November saw IOTA’s market cap octupled, securing this cryptocurrency’s top 4 rank across the board and ahead of Ripple, a well-established peer token. IOT is where IOTA applies and the selling point in its pitch deck. Given the heated status quo of IOT in recent years, it’s no wonder to spot a markup on IOTA. ETC, another digital currency with good standing, also starts to deploy its presence in IOT which it deems key to achieve a breakthrough. We have conducted a comparative analysis of these two IOT forces in an effort to determine who will be the final winner in this practice.

ETC is an Ethereum-based digital currency with the system well operated for a long period. The core ETC development team consists of experienced blockchain technocrats and the way a tech solution is determined and implemented follows the principle of democracy and science. The technology that IOTA applies is akin to Raiden Network or Lightning Network, the cutting-edge technologies in nature. Bitcoin’s core development team was the first to propose using Lightning Network to address the token’s scaling debate. But that’s more in theory than in practice, which is widely accepted by the community for lacking in tests of stability.

The theory and principles of cryptography for ETC were previously adopted, proven and optimized in other IT areas. They are mature, safe, reliable and efficient information technologies. IOTA uses a balanced ternary (a numerical system represented by three-digit numbers) on a binary hardware device, which leads to an overly complex system design and a reduction in computational efficiency. Another serious problem with this design is the need to redesign the cryptographic hashing algorithm, which poses a serious safety risk. Simply put, this technology is still only stuck in the theoretical stage, too avant-garde to have the value of the practical application.

The issuance of ETC is completely decentralized, the coin price is not readily susceptible to manipulation, and a new currency policy will be implemented to systematically guarantee the total supply of ETC, making it a deflated digital currency with value of storage. IOTA, an ICO project in 2014, remains tepid. A few users controlled the majority of the tokens of IOTA, leaving the price easily manipulated and resulting in octupled price hike within less than a month. This centralized trend is detrimental to the long-term development of the community. IOTA does not require mining and transaction fees. Each participant provides the network with hashrate and the lack of incentive programs can do harm to the stability of IOTA network.

Tangle, the technology that IOTA uses, is not a real blockchain but merely to solve the problem of blockchain expansion, making blockchain a pretext of IOTA. That said, even IOTA can be applied in IOT as a technology, it is not tradable as a digital currency.

Compared with IOTA’s blind pursuit of new technologies, concepts and theories, ETC has taken every solid step to keep itself keen on mature and stable technology and constantly innovate under the premise of safety and stability. IOT is also one of the biggest use cases for ETC. The ETC development team has started the development of IOT-friendly virtual machines, making the currency universal, independent and efficient.

In addition, in order to make better use of IOT apps, the ETC community has reached a consensus and has developed a plan for cross-chain operation. Fragmentation technology and side-chain technology have been designed in response to the ever-increasing transaction data in the field of IOT and the security and efficiency have also been enhanced. The goal of the ETCDEV team is to make ETC blockchain a stable and easy-to-use technology. They’d rather slow down the development progress than do rash experiments. This would avoid users’ future loss caused by irreversible errors.

In conclusion, ETC is more like a stable and easy-to-use technology while IOTA is closer to a hasty experiment. The importance of the wide use of technology is not the blind pursuit of new concepts or technologies but stability and user-friendliness. Therefore, ETC has the incomparable universality that IOTA lacks and provides stronger support to IOT apps.

 

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News BTC

The Dollar Vigilante Becomes Experty Ambassador

Zug, Switzerland, December 8th, 2017 – Experty has some exciting news.

 A few days ago Experty spoke with Jeff Berwick about Experty on his popular YouTube channel, The Dollar Vigilante (over 135k subscribers from crypto). You can view the discussion HERE. Jeff has done his research and has decided to become an ambassador for Experty! We are very happy to have him on board.

Speaking of why he’s promoting Experty, Berwick commented:
I’m going to be using the product myself because I think it’s very needed. […] There’s going to be a huge demand and need for Experty. I’m really looking forward to seeing it launch, i’m looking forward to seeing the ICO come out as well.

What does this mean for Experty?
Jeff is very influential in the crypto scene. During our talk with him, he stated that Experty is very needed and that he will be using the application. Blockchain experts and influencers such as Jeff have the power to expand and strengthen the community around Experty.

The Experty buzz is growing as major players in the crypto scene continue to get on board. We are currently registering interest for the pre-ICO, with bonuses up to 60%. Don’t miss out on this opportunity to get involved too!

Learn more about Experty → experty.io
Join our Telegram → t.me/experty_io
Youtube interview

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News BTC

Introducing DenCity: World’s First Blockchain Enabled City

On October 31, 2008, a mysterious person named Satoshi Nakamoto published his famous whitepaper introducing world to a Peer to Peer mode of payments he called bitcoin. This P2P currency was based on a technology named Blockchain, a distributed ledger in which transactions are recorded publicly and chronologically. Then, in 2013, a 19 year old from Canada, Vitalik Buterin, came up with the concept of Ethereum which included Smart Contracts protocol which gave Blockchain its much needed first real push.

Since then, it’s been an upward ride for Blockchain. Since 2013, many blockchain startups have come up in different sectors ranging from healthcare to education. There is Status for messaging, Ripple for payments, IOTA for Internet Of Things who are leading development in their sectors. However, a city built on Blockchain encompasses everything and puts all these services into one bucket. Blockchain eliminates all centers of power in an environment and makes all the processes and records openly available to the public.

This is our vision behind building DenCity, a city governed by its citizens namely, Denizens.

Location, Climate & Landscape

dencity

DenCity, located on the banks of Den river, has more than a third of its area covered with lush green grass and forests. The remaining part of the city is covered with plain lands where people can come and set up their homes, industries and marketplaces.

Surrounded by a beach on one side and mountains on the another, the climate in DenCity is in perfect balance which is neither too hot nor too cold and is warm and sunny throughout the year. Plus, the weekends here are really fun with a lot of beautiful places to explore.

Talking about the landscape, only 17.3% of the area is covered with ready-made villas while the remaining area is empty land which is open for sale to the new denizens. Any denizen can buy a plot here in the city by DNX,which is an ERC20 compliant cryptocurrency for this city.

 Amenities

dencity

Talking about amenities, there are more than 500 villas available for sale in DenCity. These villas can be customized to suit the needs of an individual or a family. Along with these villas, DenCity features parks and other recreational centers such as gyms, spas and many more. In case, you don’t have enough DNX tokens to buy a villa you can always buy land space in DenCity and hire construction workers to get your own customized home.

DenCity perfectly combines culture & community, nature & leisure and business & commerce to provide everything you need conveniently on your doorstep.

Blockchain Enabled City

dencity

The above listed features make DenCity at par with any other city in the world. But, what makes DenCity different from every other city in the world is the fact that it is the world’s first blockchain enabled city. This also makes DenCity the world’s first decentralized economy. The currency of DenCity is a standard ERC20 token, named DNX, which is the mode of all the payments in this city.

In DenCity, decentralization covers all the important aspects of a society which are Governance, Economy, ID Verification, and Marketplaces. They have been explained in detail below:-

Governance

dencity

In DenCity, we don’t have a group of people who decide what is best for the general public. It is the people who decide what is the best course of action for themselves. In case a Denizen thinks that there is an issue that needs to be talked about and decided on, he/she can start a petition for a voting event relating to that subject.

Once the petition gathers the support of 10% of the the population, a voting event will be announced in the city and each denizen will be credited with duplicate tokens equivalent to his existing number of DNX tokens. Once a denizen votes his/her opinion his vote is added to the blockchain which is publicly available for anyone to verify and report in case of any irregularity. This is called CASTX protocol.

Economy

dencity

DenCity’s economy is the world’s first decentralized economy running on an ERC20 token called DNX token. The DNX token built on top of ethereum enables P2P transfer of money from one denizen to another without any kind of support from a third party like banks.

The denizens can use this currency to pay for goods and services provided by other Denizens in the decentralized marketplaces.

There is no central economic body that regulates the flow of DNX in the DenCity. In the token sale, a user can buy tokens which will help him buy a living space in DenCity. After this, the user will have to select an occupation and establish an income for him to survive in DenCity.

Blockchain enabled Digital ID

dencity

In the current scenario, the records and identities of individuals are managed and secured by the government. When you come to think of it, this is not at all a safe mechanism as anyone can interfere with your records. Another issue is hacking, where hackers can steal this data to sell it to their clients

To address such issues and many more, we have come up with a Blockchain enabled Digital ID system which is unhackable due to the underlying technology.

Denizens, will be qualified as citizens only after going through this Digital ID verification system. This verification system will act as a basic proof for the denizen to avail all the services provided by the peers in the DenCity ecosystem.

This system puts the record of an individual on the blockchain in a cryptographic format accessible only to the user through his/her private key making sure no single person is able to alter or access the records of an individual without the proper and prior permissions of the user.

Marketplaces

dencity

In DenCity, the marketplaces will be the hot spots where Denizens can find the best available goods and services. These marketplaces will be completely decentralized and will be open to any person who is willing to sell their goods and services to Denizens.

Along with this, all the transactions will be put out in the open on Blockchain making sure that there is no scope of fraud. These marketplaces will be center of all the market activity in the city and sellers will be earning DNX tokens which they can use in the real life as well.

Along with all this, the best part still remains the fact that each and everyone out there can come and be a Denizen.

To become a Denizen:-

Well, you don’t need to go anywhere because, 

dencity

WE ARE ON VIRTUAL REALITY!

DenCity is a Blockchain and AI-powered metaverse that provides its user completely immersive experience using VR technology. Here, a user will be able to live a life he/she always wanted to live along with earning tokens that will be of use in the real life.

To become a Denizen, all you need to do is to have an occupation and a residence in DenCity which you can easily have by buying some DNX tokens.

To explore your future residence a little more, click here.

 

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Guest Author

Bitcoin Price Watch; Let’s Get Trading!

It’s Tuesday morning and it’s time to take a look at how action in the bitcoin price played overnight and – in turn – try to figure out how we can incorporate said action into a forward strategy today. Normally we spend a bit of time on some backdated analysis but, during the early session, things are moving incredibly fast. As such, if we take up too much time we might miss an entry.

So, with this in mind, let’s get things moving right away.

As ever, take a quick look at the chart below before we get started so as to get an idea where things stand and where we are looking to jump in and out of the markets according to the rules of our intraday strategy. The chart is a one-minute candlestick chart and it’s got our key range overlaid in green.

As the chart shows, the range we are using for the session today comes in as defined by support to the downside at 16559 and resistance to the upside at 16730.

We are going to stick with our standard breakout strategy for the time being, purely because that’s the best sort of approach when we are facing consolidation type action (as we are at the moment) and, in turn, when we expect that the tight range we have outlined will break near term.

So, with that said, if we see price break above resistance, we’ll be jumping in long towards an immediate upside target of 16800. A stop loss on the position somewhere in the region of 16700 will take us out of the trade if things turn against us.

Looking the other way, if we see price close below support, we will jump in short towards a downside target of 16500.

Let’s see how things play out.

Charts courtesy of Trading View

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Samuel Rae

2018 Will Be Another Growth Year for Blockchain https://t.co/438Y8XEkh3


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Bundle of 3 Bitmain Antminer S3 450+Gh/s ASIC Bitcoin Miners w/ PSU included  https://t.co/fWmRsDUTxY


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CBOE Bitcoin Futures Bring in Adequate Volume but Bullish Sentiment Isn’t There yet

CBOE’s Bitcoin futures have been of great interest to Bitcoin enthusiasts. More specifically, there has been some initial interest in this product during the first day. While the volume isn’t exactly spectacular, it’s still a lot better than most people would have thought. Moreover, the futures price hit $18,000 at one point, although there is no major bullish sentiment to speak of right now.

The first day of Bitcoin futures trading has been somewhat eventful. Albeit nothing major happened during the first 24 hours, it will remain an interesting industry to keep an eye on. More specifically, the contracts spiked to a value of $18,000, which was somewhat to be expected. Unfortunately, the Bitcoin price itself didn’t’ exactly follow this pattern, despite some solid momentum. It seems this new investment vehicle will have no real impact on the global BTC value for now.

CBOE Futures Make a Small Impact

With just 3,400 GXBT in volume, the demand has been less steep than people had hoped. There is no major investor bull run for these products whatsoever. Whether or not that will change when CME offers their products, remains to be seen. All of the major anticipation regarding this product has been vastly overstated so far. It is evident there are still some issues to work out in this regard.

Very few clients can effectively access the CBOE futures right now. This is mainly due to brokers restricting client access during the first day. It is possible this situation will resolve itself in the coming days and weeks. However, for now, no major changes should be expected whatsoever. There is a genuine demand for BTC futures, though, that much is evident. Whether or not this will impact the actual Bitcoin price, remains to be seen.

Most of the initial sentiment has quieted down already as well. Despite a major run to $18,000 early on, the market calmed down quite a bit. It is evident Bitcoin’s strong run throughout 2017 has already resulted in most of the gains one could expect. These CBOE futures may not necessarily impact the price in any significant way. A few interesting weeks are ahead for the world’s leading cryptocurrency, to say the least.

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JP Buntinx

2,018 BTC opportunity from Boss Gaming Studio

By the end of 2017, the company BossGS has prepared a super campaign. Representatives of the company pay special attention to the latest trends in the development of the industry by visiting TOP Events and events in the igaming industry.

The whole world watches every day the hyper growth of cryptocurrencies and their importance in the world economy and countries development. Strong companies of the industry actively began to implement the Blockchain solutions and use the cryptocurrencies in their business.

BossGS is launching a New Year campaign to purchase the White Label Casino platform with Curaçao license only for 2,018 BTC, which will be valid for customers exactly 1 month. The conditions are simple:

  1. Start of the campaign – December 15th, 2017 at 00:01
  2. Campaign ends on January 15th, 2018 at 11:59 pm
  3. The cost is 2,018 BTC on the day of signing the contract and payment.
  4. Anyone can participate, who has reached the legal age for conducting an independent business.
  5. In the Final solution, the client will receive a variety of gaming providers, including NetEnt, Betsoft Gaming, AnotherGames, Microgaming, Habanero Systems etc.
  6. The deal must be made only during the period of the promotion.
  7. Payments should be done only in BTC.

“Since experts and analysts certainly can’t say how much bitcoin will cost in the upcoming month, whether the price will continue to rise or fall, for us this is a certain risk, but anyway we decided to organize such a promotion on the eve of New Year and Christmas for our dear customers and friends” – said Head of Business development, company BossGS, Catalina Lukianenko.

We are absolutely confident that modern solutions and advanced technologies will allow our customers to enjoy the operations and management of their new own projects. We are also pleased to announce the release of the new game “Crazy New Year“, which will be undoubtedly included in the list of games from AnotherGames team.

For more information, feel free to contact the support chat on the BossGS website or send your requests to: catalina@bossgs.com

Merry Christmas & a Happy New Year!

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News BTC

Ethereum Classic Price Technical Analysis – ETC/USD Remains Buy https://t.co/XvkBrvqO2W


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Big Bullish love for Ethereum and Litecoin https://t.co/AUb0Cwu1TB


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Hong Kong Regulator Issues Warning on Unregulated Bitcoin Futures https://t.co/8INg1ck2Gn


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Ethereum Classic Price Technical Analysis – ETC/USD Remains Buy

Key Highlights

  • Ethereum classic price is moving nicely above the $26.00 support level against the US Dollar.
  • There is a crucial contracting triangle forming with support at $26.50 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair might soon make the next move and will most likely break the $28.00 resistance.

Ethereum classic price is placed in the bullish zone against the US Dollar and Bitcoin. ETC/USD may soon break $28.00 to test the $30.00 level in the near term.

Ethereum Classic Price Support

The current bias is positive for ETC price above the $25.00 and $26.00 support levels against the US Dollar. The price was seen trading higher from the $22.50 swing low and recently moved above the $25.00 resistance. The recent low as $24.30 from where the price made a nice upside move and traded above the 100 hourly simple moving average. At the moment, the price is above $27.00 and looks set for more gains.

Looking at the hourly chart of ETC/USD, there is a crucial contracting triangle forming with support at $26.50. The pair is currently struggling to break the 61.8% Fib retracement level of the last decline from the $30.25 high to $24.30 low. Once the pair breaks the triangle resistance and the 76.4% % Fib retracement level of the last decline from the $30.25 high to $24.30 low, it could retest $30.00. Above the mentioned $30.00, the price could even move towards the $32.00 level.

Ethereum Classic Price Technical Analysis ETC USD

On the downside, there is a major support around $26.50 and the 100 hourly simple moving average. The pair must stay above the $26.00-26.50 support in order to gain pace for an upside break.

Hourly MACD – The MACD for ETC/USD is almost flat and is currently showing no signs of a break.

Hourly RSI – The RSI for ETC/USD is above the 50 level and is pointing bullish signs.

Major Support Level – $26.00

Major Resistance Level – $28.00

 

Charts courtesy – Trading View, Kraken

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Aayush Jindal

Big Bullish love for Ethereum and Litecoin

The Bitcoin Bulls dominated last week with some heavy swings in both directions but mainly upwards. Crypto’s King made all the major news channels and papers as it shot from just over $11,000 to over $18,000 in less than a week. Regulated US exchanges launching their futures contracts also added to the zeal in the crypto-sphere.

This week it is time for some of the altcoins to get some Bullish love. Two of the top traded assets, Ethereum and Litecoin both broke record levels and traded at all-time highs during the Asian trading session this morning. LTC has been having a monster run over the past four days, climbing almost 150% from $100 on Friday to over $250 today.

Data from Coinmarketcap.com shows that $4.2 billion dollars has been traded in Litecoin in the past 24 hours. Top exchange was GDAX, which is owned by Coinbase, handling over a billion dollars of that trade and almost 25% of the total. LTC is huge in South Korea so it came as no surprise that Bithumb was the second exchange in terms of transactions with almost $500,000 traded in the past 24 hours, which equated to 11.6% of the total.

Founder Charlie Lee remains cautious however and Tweeted that trading was extremely risky.

Litecoin was not alone in the crypto bullpen today. After three weeks of slumber Ethereum finally woke up and headed skywards. From trading sideways between $440 and $460 ETH broke key resistance levels and made moves towards the critical $500 level. It had previously tested this price in late November but failed to break through.

The CryptoKitties fad which drove previous prices up resulted in the network getting drowned in digital moggies. Transactions slowed to Bitcoinesque speeds and traders waited hours for their ETH to clear. The network was slow to recover but recover it did today when it reached an all-time peak of $552 before correcting back to the $525 level where it currently trades.

Big banking news is likely to have caused the some of the rotation out of Bitcoin into Ethereum. Reports that major financial institutions including UBS, Credit Suisse, Thomson Reuters, KBC, SIX, and Barclays were planning to adopt smart contracts based on Ethereum provided a long awaited boost to the blockchain.

Those with altcoin investments will be having a happy Tuesday as both Litecoin and Ethereum have come out on top today.

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Martin

Monday, December 11, 2017

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Ethereum and Waves to setup self-regulation

Recent clampdowns on ICOs by a number of nations, China being the most prominent, have been spurred by the need for more regulation. Currently trading in crypto-land can be a bit like going to the casino in the Wild West. There is no safety net and no regulation on ICOs; anyone can start something up. All you need is a flashy website, some smart looking business people in your team, a good concept, and of course a blockchain which is getting easier to create. Then it is just the matter of asking for funding to support it.

The issue is being tackled by blockchain platform Waves which will be setting up an independent regulatory body. The idea of governments regulating crypto currencies goes against the entire ethos of decentralized assets and data so the crypto firms have decided to do it themselves. The new association will provide reporting, legal, tax & accounting, KYC (identity verification), and business due diligence standards for the ICO and blockchain industry.

Switzerland was chosen as the base for the association, probably for its ease of doing business with transparency and minimal state interference. All crypto exchanges, blockchain platforms, market leaders, ICOs, marketing companies and crypto businesses will be welcome to participate.

Support has already been forth coming from Ethereum and industry-leading audit, consulting, tax, and advisory services firm Deloitte. The ICO Governance Foundation stated that they will be working to coordinate on cross-platform ICO disclosure protocols.

Vladislav Martynov, Ethereum’s Advisory Board member, had this to say about the association:

“Joint and voluntary initiatives such as this self-regulatory body for token sales are a critical element in the professionalization of the blockchain industry. As custodians of some of the most remarkable and disruptive technology ever created, we must be seen to be fostering its responsible use as well as building functionality and maintaining the security of the ecosystem,”

Waves Platform CEO and founder, Alexander Ivanov, added:

“Regulation is clearly an emerging phenomenon and concern in the crypto space. If certain jurisdictions have not yet announced their intentions, then it’s only a matter of time. Waves has always been clear that regulation – the right kind of regulation – is a good thing for the crypto space. We have also been clear that we want to be a part of that emerging dialogue. We want a seat at the table to be able to shape the future of regulation in the ICO and blockchain space,”

Swiss based association will be registered by Waves over the next couple of months. The crypto asset is currently trading at an all-time high of over $11.

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Martin

Ethereum Price Technical Analysis – ETH/USD Surges to New All-time High

Key Highlights

  • ETH price spikes higher and breaks the $500 and $515 resistance levels against the US Dollar.
  • There was a break above a major contracting triangle with resistance at $470 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair is currently unstoppable and it might soon blast towards the $550 level.

Ethereum price is rocketing higher against the US Dollar and Bitcoin. ETH/USD is surging higher towards the next major resistance at $550.

Ethereum Price Upside Surge

There were solid gains in ETH price recently from the $420-430 swing low against the US Dollar. The price gained heavy bids and was able to move above the last swing high at $497 and even broke the $500 level. A new all-time high was formed above $525 and it seems like the price is unstoppable at the moment. It has breached the 1.236 extension of the last wave from the $497 high to $421 low.

During the upside move, there was a break above a major contracting triangle with resistance at $470 on the hourly chart of ETH/USD. The pair is now placed well above the $500 level and is eyeing more gains. The next major upside target could be the $550 level. An intermediate resistance is around the 1.618 extension of the last wave from the $497 high to $421 low near $544. It seems like ETH buyers are now in full action and it could even rally just like bitcoin.

Ethereum Price Technical Analysis ETH USD

We can see continuing gains towards $600 in the near term. On the downside, the broken resistance at $497-500 may act as a support. However, the most important support is now at $450 and the 100 hourly simple moving average.

Hourly MACD – The MACD is gaining heavy momentum in the bullish zone.

Hourly RSI – The RSI has reached the extreme overbought conditions with no sign of a pullbacks.

Major Support Level – $500

Major Resistance Level – $550

 

Charts courtesy – SimpleFX

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Aayush Jindal

10-1 OZ COPPER COINS BITCOIN *THE GUARDIAN* ANONYMOUS MINT COPPER COIN 1-20-100 https://t.co/j0L8SaGOS0


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Bitcoin Cash Price Technical Analysis – Can BCH/USD Break This?

Key Points

  • Bitcoin cash price is testing an important resistance and attempting a break above $1425 against the US Dollar.
  • Yesterday’s highlighted crucial bearish trend line with current resistance at $1405 is intact on the hourly chart of BCH/USD (data feed from Kraken).
  • The price might soon break the $1400 and $1425 resistance levels to gain upside momentum.

Bitcoin cash price is slowly moving higher toward $1425 against the US Dollar. BCH/USD needs to clear the $1405-1425 hurdle to gain further momentum.

Bitcoin Cash Price Upside Hurdle

There was a slow and steady rise in bitcoin cash price above the $1360 pivot against the US Dollar. The price was able to move above the $1380 resistance levels. More importantly, there was a break of the 61.8% Fib retracement level of the last drop from the $1505 high to $1202 low. It has opened the doors for more gains above $1400 in the near term.

However, yesterday’s highlighted crucial bearish trend line with current resistance at $1405 is intact on the hourly chart of BCH/USD. It is acting as a major barrier for more gains above $1425. A proper close above the trend line, $1425 and then $1440 is required for buyers to take control. On the downside, an initial support is around the $1350 level. The mentioned $1350 level is near the 100 hourly simple moving average. Moreover, the 38.2% Fib retracement level of the last wave from the $1202 low to $1446 high is also around $1350.

Bitcoin Cash Price Technical Analysis BCH USD

Therefore, the $1350 level is a major support. Below $1350, there is a connecting bullish trend line with support at $1325. The stated $1325 is also a key support since it is the 50% Fib retracement level of the last wave from the $1202 low to $1446 high.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is almost flat and is showing no signs of momentum.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently near 56 and is moving down.

Major Support Level – $1350

Major Resistance Level – $1405

 

Charts courtesy – Trading View, Kraken

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Aayush Jindal