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  2. Theta has a bullish short-term outlook, with the cryptocurrency moving to a new monthly trading high The four-hour time frame now shows a bullish inverted head and shoulders pattern The daily time frame continues to show a valid bearish head and shoulders pattern Theta / USD Short-term price analysis Theta has a bullish short-term trading outlook, with the cryptocurrency advancing to a new monthly high. The four-hour time frame shows that a bullish inverted head and shoulders pattern has now formed, with the THETA / USD pair trading close to the neckline of the bullish pattern. Technical indicators on the four-hour time frame have turned bullish and continue to issue buy signals. THETA / USD H4 Chart by TradingView Pattern Watch Traders should note that the upside target of the bullish inverted head and shoulders pattern on the four-hour time frame would take the THETA / USD pair to a new all-time trading high. Relative Strength Index The RSI Indicator on the four-hour time frame is bullish, although it is starting to correct lower. MACD Indicator The MACD indicator has turned bullish on the four-hour time frame and is currently issuing a buy signal. Fundamental Analysis Theta has surged after the announcement that its operational token Theta Fuel (TFuel) will be listed on Binance. TFuel is a second token in the Theta protocol that works in conjunction with the Theta token that exists today. Theta / USD Medium-term price analysis Theta has a bullish medium-term outlook, with the cryptocurrency trading well above its trend-defining 200-day moving average. The daily time frame is showing that a large head and shoulders pattern remains valid, with Theta bulls working hard to negate it. Technical indicators on the daily time frame are bullish and continue to issue a buy signal. THETA / USD Daily Chart by TradingView Pattern Watch Traders should note that if the bearish pattern on the daily time frame is invalidated then a large bullish pattern will start to take shape. Relative Strength Index The Relative Strength indicator on the daily time frame is bullish and shows scope for further upside. MACD Indicator The MACD indicator on the daily time frame is bullish, with both the MACD signal line and histogram issuing buy signals. Fundamental Analysis In the medium term, Theta looks interesting. The project has closed a strategic funding round led by Samsung NEXT and Blockchain.info and is now fully funded through 2021. The team is planning to open offices in Seoul, Singapore and London and invest globally in media partner adoption. Conclusion The recent move higher in the THETA / USD pair has helped to create a large bullish pattern on the four-hour time frame. If buyers can maintain the positive momentum and negate the bearish pattern on the daily time frame, the cryptocurrency could soar to a new all-time trading high. Theta Network ChartChart byCryptoCompare The post Theta Price Analysis THETA / USD: Binance Bump appeared first on Crypto Briefing. Read Full Article
  3. Binance has told TechCrunch it's launching margin trading "soon," after the crypto exchange accidentally revealed the service in a tweeted image. Read the full article on CoinDesk.com
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  6. Bitcoin... in space? A company led by Blockstream CSO Samson Mow is looking to bridge the worlds of crypto and online gaming. Read the full article on CoinDesk.com
  7. Capital markets platform iSTOX joins Monetary Authority of Singapore’s regulatory sandbox to offer digitized securities trading in late 2019 Read the full article on Cointelegraph.com
  8. Bitcoin has moved back above $8,000 as a widely followed long-term indicator turns bullish for the first time in over a year. Read the full article on CoinDesk.com
  9. Craig Wright has been granted copyright registrations for the Bitcoin whitepaper and most of the original source code, produced under the famous pseudonym of ...
  10. Proxima Media, a firm founded by film producer Ryan Kavanaugh, has raised $100 million for a token that allows investment in film, TV and music. Read the full article on CoinDesk.com
  11. Tokens for the Polkadot protocol are reportedly being offered on secondary markets at heavily discounted rates Read the full article on Cointelegraph.com
  12. The price of Litecoin fell yesterday inside the support zone around $85 where it found support and caused the price to switch trends in an impulsive manner. This could be an indication that another increase in the form of the 5th wave has started developing to the upside. The price hasn’t gone below $85 before turning sharply the other way which means that it hasn’t entered the territory of the 2nd wave and implicates that we are likely to see another increase to the upside. If the price started developing the 5th wave it is set to exceed to go above last Thursday’s high at $106.23. Read: Trade at VantageFX Litecoin Analysis LTC/USD From yesterday’s low at $85.35 the price of Litecoin has increased by 12.39% as it came up today to $95.92 at its highest point around which the price is currently being traded. The price increased impulsively and parabolically which indicates strong bullish presence. Looking at the hourly chart, you can see that the price came up to the level of the prior high made over the weekend and ended on Monday’s open after it fell inside the territory of the horizontal support range. This could indicate that strong support is present at the $85 level area below which it is considered as the territory of the 2nd wave out of the five-wave impulse to the upside. As of last Thursday, we’ve seen the end of the 3rd impulse wave, the downside movement which followed was likely the 4th and has ended yesterday on the interaction with the 1st waves ending point vicinity. Considering the momentum seen afterward the movement which followed is the 5th wave. If this is true, then we are now going to see the price of Litecoin exceeding the last Thursday’s high at $106.23. The price could go only to the significant horizontal resistance at $109.35 before the completion of the five-wave move as the interaction with the level hasn’t been made on the previous increase which would only be 3.2% more than the last Thursday’s high before the end of the impulsive increase. As we are most likely now seeing the development of the 5th wave, after it ends I would be expecting a higher degree downturn in trend for the price of Litecoin. The post Litecoin Analysis: LTC Price Rallies, Looking for over $106 appeared first on Blockonomi. Read the full article on Blockonomi
  13. iSTOX, a Singapore Exchange-backed security token platform, has joined a regulatory sandbox set up by Singapore's central bank. Read the full article on CoinDesk.com
  14. On Wednesday, Mark Yusko, founder, and partner at Morgan Creek Capital Management, made an appearance at CNBC: Fast Money, where he laid out his claim that Bitcoin is a much better investment option than traditional stocks as of this point. Yusko is actually quite popular in the stock industry, particularly for correctly predicting the sell-off in stock that occurred in 2018. In this interview, he expressed his belief that the stock market is already witnessing another bear market, and things could get considerably worse as time goes on. As a result, he went on to endorse Bitcoin (BTC) as a surer investment portfolio at the moment. Speaking on his conclusion, he added, “I even wear my Bitcoin tie today for you guys. I was on this show back in December when it was $3100, and you said, ‘What do you think?’ I said, ‘Look. We’ve issued the Morgan Creek Digital crypto challenge, we will take Bitcoin over the next 10 years, starting on January 1st, and we will take anybody who wants to take the other side.’ It was a $1 million charity bet, just like the Buffett style bet. We got no takers.” Pomp’s Bold Claim Pays Off The bet that Yusko was referring to is the “Buffett Bet 2.0,” which was issued by Anthony “Pomp” Pompliano, his partner at Morgan Creek Capital, last year. While speaking with CNBC in December, Pompliano announced the challenge, saying that he was willing to wager $1 million on the fact that Morgan Creek’s basket of digital assets would outperform the S&P 500 over ten years, starting from January 1, 2019. He famously invited anyone who was willing to stand on the other side of such a bet, saying that it would most likely be someone bullish on the S&P 500, or who believes that cryptocurrencies are worthless. Yusko’s Right Again In the latest interview, Yusko went on to point out that not taking that bet turned out to be the best thing for any would-be takers, as “while BTC is already up over 100 percent this year, the S&P is only up 14 percent.” Yusko’s comments were surely not wrong. BTC held a price of $3,744 as of January 1, while its unit price at press time is pegged at $7,601. That’s an increase of 103 percent (according to data from CoinMarketCap). On the flip side, the S&P 50 closed at 2,510 points on January 1, while the closing value as at May 22 was 2,856, marking a growth rate of 13.8 percent since the turn of the year (per data from the CNBC Index). If you thought about betting against Pomp, you’d be pretty much in the hole already. After pointing out this disparity, Yusko added, “I think going forward from here, even over the next year, over the next 10 years, it’s not going to be close. Bitcoin is a great diversifying asset, it has a very low correlation, it should be in anybody’s portfolio.” Morgan Creek’s Crypto-Loving Partners Pompliano recently had to come out to make a point about cryptocurrencies. Last Tuesday, he was a guest on CNBC’s Squawk Box, where he engaged in a somewhat heated argument with Kevin O’Leary, chairman of investment firm O’Shares ETFs O’Leary wasted no time in trashing Bitcoin, going as far as calling is “garbage” and “useless.” Despite the noticeable uptick in its prices last week, Bitcoin didn’t seem to impress the investor. He questioned the value of Bitcoin, claiming that it is “basically a digital game” without any intrinsic value. In his defense, Pompliano pointed out that that Bitcoin was going through a bit of a rough start, just as it is with every other disruptive technology in the world. He added that currencies work with a “belief system,” and BTC is functioning as money. “So, for the US dollar, the only reason you and I use it is because we believe it has value. So I give you a dollar, and you give me a good or service in exchange. Bitcoin has value because the two people who exchange it believe it has value. And what we’re seeing is the volume, look at people using it,” he confirmed. The post Wall Street Veteran: Bitcoin is Better Investment Option than S&P 500 appeared first on Blockonomi. Read the full article on Blockonomi
  15. Grayscale Investments has been on a roll as of late. After recording massive volumes for its Bitcoin Trust and launching a media campaign that told Americans to “drop gold, buy Bitcoin,” the branch of crypto conglomerate Digital Currency Group was revealed to have received approval to make advancements in the Ethereum (ETH) investment ecosystem. Meet ETHE, Bitcoin Trust’s Ether Counterpart In a press release obtained by Blockonomi on Thursday, Grayscale has just received a regulatory stamp of approval from the Financial Industry Regulatory Authority (FINRA) to offer shares in its Ethereum Trust publicly. It was stated that the product allows investors to gain “exposure to the price movement of ETH through a traditional investment vehicle without the challenges of buying, storing, and safekeeping”. Once the product launches in a few weeks, it will trade under “ETHE” on the OTCQX market. In a comment conveyed to Bloomberg, Michael Sonnenshein of Grayscale remarked, “The secondary market really opens up the opportunity for any and all investors.” The thing is, this vehicle may not be entirely friendly to mom and pop investors. In a recent thread, Larry Cermak, the director of research, at The Block, pointed out that Grayscale’s products are inherently biased towards institutional clients. The analyst wrote, “Only qualified accredited investors can invest directly in GBTC with a minimum investment of $50,000.” For those unaware, accredited investors are those with a net worth (minus your primary home) of over $1 million (a small percentage of the population, even in the U.S.) and/or those that have earned a taxable income of over $200,000 per year. Very few investors fit these requirements. The data would corroborate the fact that Grayscale’s vehicles aren’t all too friendly to common Joes and Jills. In May, Grayscale released its “Digital Asset Investment Report” for Q1 of 2019. According to the report, Grayscale pulled in over $42.7 million over the first three months of this year. This isn’t a hefty sum per se, what makes this notable is that over 73% of the $42.7 million came from institutional investors, half of which were an unnamed group of hedge funds. So, it is clear that despite this news, it is likely that the firm’s inflows will still mostly be sourced from institutional players. But, this may be just a sign of the times. Regardless, with this move, it seems that Grayscale is trying to replicate the success that its Bitcoin Trust has seen, which has become a go-to BTC-backed product for institutional players. The thing is, the Bitcoin Trust, which trades under GBTC on over-the-counter markets, often trades at over 30% BTC’s spot price, implying a premium that could be detrimental to investors. Ethereum Gets Another Bona Fide Anyhow, this only adds to Ethereum’s recent success. As Blockonomi reported earlier this month, a “senior official” that has knowledge of the U.S. Commodity Futures Trading Commission (CFTC) claims that they are entirely amicable towards Ethereum. He/she explained that “we can get comfortable with an Ether derivative being under our jurisdiction,” confirming that like Bitcoin, ETH is a non-security. This hasn’t been the only good bit of news for Ethereum though. In late-April, rumors revealed that Samsung, one of the world’s largest technology shops, has intentions to build an Ethereum-based blockchain that will host its own token. And more recently, Bosch, a German engineering giant, revealed that it is trialing an Ethereum-based smart contract system. Speaking to Decrypt, a firm spokesperson was stated that the firm has been working with the blockchain, yet scant details were exposed. It is important to note that blockchain has been proposed as a way to promote the growth of the Internet of Things, which is likely what Bosch is going for. The post On A Roll: Grayscale To Offer Ethereum Trust To Mom & Pop Investors appeared first on Blockonomi. Read the full article on Blockonomi
  16. The Financial Services Agency (FSA) of Japan is set to introduce even more stringent regulatory measures for Bitcoin exchanges in the country. The move comes as the country’s top financial regulator tries to improve its anti-money laundering (AML) protocols with review by the Financial Action Task Force (FATF) set to happen later in 2019. The FSA has a history of formulating robust regulatory provisions for cryptocurrency exchanges in the country making Japan one of the most regulated jurisdictions for virtual currency trading platforms. Japan Readies Even More Stringent Bitcoin Exchange Oversight According to the Nikkei Asian Review, the FSA plans to increase its money laundering countermeasures with a particular focus on cryptocurrency exchanges. As part of its efforts, the Agency is set to inspect the AML protocols being used by Bitcoin exchanges in the country to see if they are in compliance with global best standard practices. As part of the exercise, Japanese cryptocurrencies will be made to go through a rigorous vetting process with the FSA. These platforms will have to convince the Agency that they have taken the necessary precautions to prevent cases of money laundering. This latest plan by the FSA could mean an even greater compliance burden for Japanese platforms. The country is already arguably the most regulated jurisdiction for Bitcoin exchanges in the world. Back in 2017, Japan became the first country to create a regulatory structure for cryptocurrency exchanges. Some of the stringent measures introduced forced platforms like Binance and OKEx to less regulated climes like Malta. Since 2017, the FSA has passed regulations on margin trading, security protocols for hot wallet and cold wallet storage. Given the recent emergence of suspected internally-orchestrated hacks, FSA has mandated platforms to revamp their internal security. Japan Eager for Positive FATF Review Japan’s financial regulator is taking these steps as part of efforts to obtain a favorable review from the FATF. The intergovernmental financial taskforce will inspect the country’s financial ecosystem in the fall of 2019. Being the current chair of the G-20, reports indicate that Tokyo would consider it a total embarrassment if the events of 2008 repeat themselves. At the time, the FATF assigned the country its lowest AML rating, saying the country’s framework dedicated to combating money laundering and financial crimes was insufficient. Commenting on the FSA’s commitment to getting a positive FATF review, an official of the Agency said: “One company’s problem can’t help but affect the whole country’s evaluation. We’ll continue with the on-site inspections, and we’ll make sure everything is sound.” In October 2018, the FATF adapted its longstanding AML protocols to cover Bitcoin exchanges as well. Reports indicate the FATF’s assessment of Japan’s financial sector will include cryptocurrency exchanges, hence, the need for the increased scrutiny. The FATF has consistently urged member nations to formalize their cryptocurrency regulatory structure with elements such as licensing and registration to make the monitoring process easier. Cryptocurrency in Money Laundering and Financial Crimes While the FSA prepares to put Bitcoin exchanges to task, there is actual evidence to show that cryptocurrency, in general, accounts for only a minute portion of money laundering and other financial crimes. Earlier in the year, Japan’s National Police Agency (NPA) released its money laundering report for 2018 which showed that Bitcoin and other cryptocurrencies accounted for less than two percent of all recorded money laundering cases. However, it is important to point out that the report showed a ten-fold increase in cryptocurrency-related money laundering. In a separate report by Australia’s top consumer protection agency, cryptocurrency fraud only amounted to five percent of the total number of reported cases in 2018. Again, the report from Australia also showed that instances of cryptocurrency fraud grew between 2017 and 2018, in this case by 200 percent. The post Japan FSA Set to Put Bitcoin Exchanges to Task Over Money Laundering appeared first on Blockonomi. Read the full article on Blockonomi
  17. The price of Bitcoin has decreased yesterday but found support on the currently seen structure which looks like it is going to be developed as a symmetrical triangle out of which a breakout to the upside would look likely now that the price is in an upward trajectory again and hasn’t come below $7442. An interaction made yesterday with the significant ascending support level made the price going in an upward trajectory which indicated strong support. The increase seen from yesterday could be the start of the breakout momentum to the upside, especially considering that the price hasn’t entered the territory of the presumed 2nd wave. This could also correctional as the price found resistance below yesterday’s broken minor horizontal support level at around $7895 which is now being retested for resistance Read: Our Review of VantageFX Bitcoin Analysis BTC/USD From yesterday’s low at $7556, the price of Bitcoin has increased by 4.68%, measured to the highest point the price has been today, which is at $7900. On the hourly chart, we can see that after yesterday’s interaction with the ascending trendline the price found support there and has started increasing again and has recovered to the levels from which the downfall was made. This recovery hasn’t still pushed the price above the prior high which is why I am still considering that we are seeing a downtrend and the recovery seen could be the retest of the broken minor horizontal support level which now serves as resistance. This increase seen could also very well be the beginning of the next 5th wave to the upside which will shortly be verified if the price manages to continue moving to the upside. The possibility that the increase seen from last Friday being a five-wave impulse is still there as the price hasn’t entered the territory of the now labeled B wave which if impulsive would be the 2nd one out of the five-wave move. As the price is in an upward trajectory this possibility looks more likely at this point which is why further upside would be expected with the price exceeding the prior high and potentially going above the resistance found at around $8300 level. This would be the ending wave which is why after its completion I would be expecting the start of the higher degree downtrend. The post Bitcoin Analysis: BTC Price Recovers, Upside Break on The Cards appeared first on Blockonomi. Read the full article on Blockonomi
  18. Dai, the banner stablecoin of Ethereum’s growing decentralized finance (DeFi) ecosystem, just hit the big time on Coinbase’s main platforms for retail investors. On May 23rd, the San Francisco-based U.S. cryptocurrency exchange giant announced it was listing Dai on its main website, Coinbase.com, as well as on its Android and iOS mobile apps. The development is a major one for the stablecoin, whose community had previously lacked a major fiat on-ramp. Indeed, now users who want to pay down their CDPs or simply hunker value away from other crytpocurrencies’ volatility prices can purchase Dai directly with cash on Coinbase’s most popular platforms instead of having to first buy another crypto, e.g. ether (ETH), to trade into Dai. DAI is now live at https://t.co/wHvnDs40HG and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive, or store DAI. — Coinbase (@coinbase) May 23, 2019 Notably, Dai trading had already been launched for select jurisdictions on Coinbase’s advanced trading arm, Coinbase Pro, in December 2018. Thursday’s release represents the unfurling of support for the token throughout the exchange’s entire brand. It will be the first stablecoin project anywhere in Coinbase’s ecosystem that isn’t underpinned by U.S. dollars custodied in physical bank accounts, e.g. USD Coin (USDC). Instead, the Dai’s dollar-pegged tokens are created when users’ collateralize ether (ETH) for self-lending in MakerDAO’s collateralized debt positions (CDP). In kind, Dai are burned whenever CDPs are paid off and closed out. In recent months, the Dai has traded slightly below its $1 USD peg, which has led the Maker community to acutely hike up CDP interest rates as high as 19.5 percent to try to return that peg by nudging users to close their CDPs, burning Dai in the process. The campaign has seemingly proved successful as of this month, as the Dai’s current price has since returned to a clean $1.00 according to Coinbase’s new portal page for the token. Moving forward, Maker’s stakeholders are considering raising the Dai’s interest rate to “within a range of 13.50% to 23.50%“, per the project’s blog. DeFi News: Compound v2 Goes Live, Coinbase Wallet Supports Compound — presently the second-largest DeFi project in the whole cryptoeconomy — also had some big news on May 23rd, when it successfully launched v2 of its lending protocol. Today, we’re thrilled to announce the public launch of Compound v2, an interest rate protocol intended to power the financial markets & applications of the future.https://t.co/OyT7CVWieD — Compound (@compoundfinance) May 23, 2019 The updated Compound has introduced cTokens, which are tokenized versions of assets that users put up to supply liquidity for the platform. cTokens accrue interest for their holders and can be moved around even as their underlying assets are locked up. Supported cryptocurrencies for now include ether, Dai, USDC, 0x (ZRX), Augur (REP), and Basic Attention Token (BAT). Coinbase’s decentralized app (dapp) browser Coinbase Wallet was among the several projects that implemented support for Compound v2 and its cTokens at launch. Big shoutout to the @CoinbaseWallet team for supporting cTokens on launch day today! Go try it for yourself and mint a cToken by supplying an asset to @compoundfinance via @CoinbaseWallet pic.twitter.com/a04x3oJUeH — Jayson Hobby (@jaysonhobby) May 23, 2019 The Specter of DeFi Continues to Rise Throughout Cryptocurrency Space May 2019 has proven to be the biggest month yet for the DeFi movement, as it was earlier this month that the worth of outstanding loans spawned by the Ethereum blockchain’s top decentralized lending projects crossed the $100 million valuation mark for the first time ever. Overall, the four biggest DeFi projects at present as measured by tracker site DeFi Pulse are Maker, Compound, Dharma, and Uniswap. The first of those three are cryptocurrency lending plays, all of which are built atop Ethereum. In fourth comes Uniswap, an increasingly popular decentralized exchange (DEX). The juggernaut of that bunch to date has been Maker. The amount of ether locked up in the project’s CDPs — a sum worth in excess of $430 million — far outpaces the $23 million worth of ETH locked up in Maker’s nearest competitor, Compound. Of course, amid the game of coins, these standings are sure fluctuate in the years ahead. But one thing is clear — the top two DeFi projects are set to become that much more entrenched due to increased support from Coinbase. The post Coinbase Unfurls MakerDAO’s Dai Stablecoin on Coinbase.com, Smartphone Apps appeared first on Blockonomi. Read the full article on Blockonomi
  19. If you were one of the world’s most influential companies and you wanted to introduce a cryptocurrency aimed at global domination in the digital payments arena … you might just name it GlobalCoin. That’s what social media titan Facebook has gone and done according to a May 24th report out of the BBC that has considerably advanced the amount of publicly known information around the company’s previously shrouded “Project Libra” crypto project. For starters, it’s been revealed that Facebook has dubbed the token GlobalCoin in their in-house conversations. Whether that name will stick as the final one for the crypto remains to be seen, but it’s a possibility until the company announces otherwise. Moreover, it’s now known that Facebook is aiming to start GlobalCoin’s journey by launching it for users in approximately 12 countries at some point in the first quarter of 2020. That seemingly marks an expansion, insofar as the very earliest reporting around Facebook’s cryptocurrency project said it was being aimed for an initial pilot in India among WhatsApp users there. Facebook Has Been Keen on Getting Help Another new revelation comes in the forms of who Facebook’s leadership has been reaching out to regarding the project. It was revealed earlier this month that the social media powerhouse had reached out to card titans Visa and Mastercard for potential support of the cryptocurrency. Courtesy of the new BBC report, we now also know that Facebook has also reached out to payments powerhouse Western Union seeking to help users interact with the coin with ease. Other stakeholders Facebook has since chatted with? One of the world’s most influential bankers, Bank of England’s Mark Carney, and one of the world’s most influential financial bodies, the U.S. Treasury. Those conversations respectively dealt with the possibilities of the coin and relevant regulatory matters. Notably, Facebook has apparently been designing GlobalCoin as a basketcoin — a token that is similar to a stablecoin, i.e. it mitigates price volatility concerns, but it works by being pegged to multiple assets instead of just one. There’s no word for now on what GlobalCoin’s multiple underpinning assets could be. Back in April, New York Times correspondent Nathaniel Popper noted that Facebook appeared to be seeking $1 billion USD in venture funding as collateral to back the basketcoin. Per Popper’s sources, Facebook’s leadership thought reaching out for outside funding was the best way to present the token going forward. As the NYT journalist said last month: “Given that one of the big allures of blockchain projects is the decentralization, getting outside investors could help Facebook present the project as more decentralized and less controlled by Facebook.” Earlier this year, it was also reported that the social media company had already started reaching out to cryptocurrency exchanges about listing GlobalCoin, which is set to undergo its final tests in 2019. Project Libra Accelerates as Facebook Organizes Its Pieces As Facebook’s GlobalCoin puts the company on course to compete with mainstream financial institutions like banks, the effort’s called for some further organizational configuring. That’s why Facebook registered Libra Networks, a subsidiary firm that will focus on fintech and blockchain solutions, in Switzerland this May. The entity will run the gamut when it comes to the kinds of services it will provide, as the firm’s registration said it will have an operational focus on “investing, payments, financing, identity management, analytics, big data, blockchain and other technologies.” Of course, when you’re an enterprise as sprawling and as pivotal as Facebook, you’ll always need to have your ducks in a row — particularly when U.S. congressman come calling. U.S. senators sent the company a letter on May 9th demanding answers on how it would approach privacy issues around its new cryptocurrency venture. The post GlobalCoin: Facebook Cryptocurrency Now Just Around the Corner appeared first on Blockonomi. Read the full article on Blockonomi
  20. Bitcoin price retested the $8,260-8,300 resistance area, but buyers failed to push the price further higher, BTC corrected lower sharply, but it remains well supported above $7,300 for more gains in the coming days. Similarly, there were short-term bearish moves in major altcoins such as binance coin (BNB), Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), stellar (XLM), ADA, EOS, and TRX. There could another dip in the next few sessions before the crypto market starts a fresh increase. Read: Trade at VantageFX Key Takeaways: Bitcoin price recently corrected lower towards $7,450 and bounced back sharply. Ethereum price retested the $230 support level and it is currently facing resistance near $250. Ripple price dropped towards the $0.3600 support and it seems to be struggling below $0.4000. EOS price is facing a couple of important resistances near the $6.150 and $6.200 levels. SOP, HBZ and IPC surged more than 200% in the past 7 days. Bitcoin Price Analysis Earlier this week, bitcoin price slowly climbed higher and retested the key $8,260-8,300 resistance area. A swing high was formed at $8,268 and BTC recently corrected lower. However, the $7,480 level acted as a strong support and the price bounced back above $7,750. Bitcoin Price Chart: Click to Enlarge Looking at the 4-hours chart, the price clearly faced a strong resistance near the $8,260-8,300 area. It failed on many occasions, resulting in a drop below the $7,800 support. There was even a close below the $8,000 level and the 21 simple moving average (4-hours). The price traded below the 50% Fib retracement level of the last major wave from the $7,009 swing low to $8,268 high. The decline was such that the price spiked below the $7,600 and $7,500 support levels. However, the 61.8% Fib retracement level of the last major wave from the $7,009 swing low to $8,268 high acted as a support. Finally, the price bounced back above the $7,750 and $7,800 levels. On the upside, the $7,975 level is currently acting as a strong resistance along with the 21 simple moving average (4-hours). Besides, there is a major bearish trend line forming with resistance near the $7,975 and $8,000 levels. A successful close above the bearish trend line will most likely set the stage for a significant upward move above the $8,300 and $8,400 levels. On the downside, there are many supports near the $7,500 and $7,400 levels. The main support is near $7,400 and a crucial bullish trend line on the same chart. Therefore, a daily close below the $7,400 support level might start a significant downward move below the $7,200 and $7,000 support levels. Ethereum Price Analysis Ethereum price retested the key $263.00 and $264.00 resistance levels earlier this week. However, ETH failed to surpass $265.00, resulting in a bearish wave below the $256.00 and $254.00 support levels. Ethereum Price Chart: Click to Enlarge Looking at the 4-hours chart, the price declined steadily below the $250.00 support and settled well below the 21 simple moving average (4-hours). Besides, there was a break below a crucial bullish trend line with support at $246.00 on the same chart, opening the doors for more losses. The decline was such that the price even broke the $240.00 support area. However, the $230.00 support zone acted as a solid buy zone. A swing low was formed at $230.23 and the price rebounded above the $240.00 level. The price is currently testing the $250.00 resistance and the 50% Fib retracement level of the recent slide from the $263.07 high to $230.23 low. On the upside, there are many hurdles near $255.00 and the 21 simple moving average (4-hours). Moreover, there is a major bearish trend line in place with resistance near $250.50 and the 61.8% Fib retracement level of the recent slide from the $263.07 high to $230.23 low. Therefore, a successful close above the $250.00 and $255.00 levels is must for a fresh increase. The next key resistances are near $260.00, $265.00 and $280.00. Conversely, if Ethereum price declines again, it could retest the key $230.00 support area. If there are more losses below $230.00, the next stop for sellers might be $200.00. Ripple Price Analysis Ripple price struggled on multiple occasions to stay above the $0.4050 and $0.4000 levels against the US Dollar. As a result, XRP/USD declined recently below the $0.4000 and $0.3920 support levels. Ripple Price Chart: Click to Enlarge Looking at the 4-hours chart, the price even broke the $0.3850 support and the 21 simple moving average (4-hours). However, the bulls remained active near the main support at $0.3600. A new weekly low was formed near the $0.3602 level and the price recently stated an upside correction. It climbed above $0.3725, and the 23.6% Fib retracement level of the recent slide from the $0.4132 high to $0.3602 low. An immediate barrier for the bulls is near $0.3865 and the 21 simple moving average (4-hours). Besides, the 50% Fib retracement level of the recent slide from the $0.4132 high to $0.3602 low is also near the $0.3865 level to prevent gains. The main resistance is near $0.4000 and a connecting bearish trend line on the same chart. If there is a clear break above the $0.4000 resistance, there are chances of more upsides above the $0.4050 and $0.4100 resistance levels. On the downside, the main support is near the $0.3600 level. If the bulls fail to defend $0.3600, there is a risk of a sharp decline below the $0.3500 and $0.3400 support levels. EOS Price Analysis Similar to other major altcoins, EOS price started a downward move after it failed to move above the $6.400 resistance against the US Dollar. It traded below the key $6.220 and $6.000 support levels. EOS Price Chart: Click to Enlarge Looking at the 4-hours chart, the price even broke the $5.850 support level and settled below the 21 simple moving average (4-hours). However, the $5.750 support area acted as a strong buy zone and recently the price rebounded higher. A swing low was formed at $5.735 and the price climbed above $5.880 and the 23.6% Fib retracement level of the recent slide from the $6.399 high to $5.735 low. However, the $6.080 level along with the 21 simple moving average (4-hours) are currently preventing gains. Besides, the 50% Fib retracement level of the recent slide from the $6.399 high to $5.735 low is acting as a resistance. On the upside, the main hurdle is near $6.150 and a bearish trend line on the same chart. A successful close above $6.150 and $6.200 could start a fresh increase towards $6.500 and $6.600. Conversely, a downside break below the $5.750 support area could trigger an extended decline below the $5.500 and $5.400 support levels. Top Gainers During the past 7 days, a few small cap altcoins climbed higher and gained more than 100%, including SOP, HBZ, IPC, MATIC, EGT, PENG, TFUEL, SNTR and IBANK (trading volume more than $50K). Out of these, SOP rallied around 250% and HBZ gained nearly 215%. Overall, bitcoin price still trading in a strong uptrend as long as it is above the $7,400 and $7,000 support levels. In the short term, there could be downsides and swing moves, but BTC and most major altcoins such as Ethereum, ripple, bitcoin cash, litecoin, XLM, ADA, TRX, EOS, DASH, BNB, XMR, NEO, and IOTA are likely to continue higher. The market data is provided by TradingView, Bitfinex. The post Price Watch: Bitcoin, Ethereum, Ripple & EOS Price Analysis 24th May appeared first on Blockonomi. Read the full article on Blockonomi
  21. Another crypto buying and selling service has banned Iranian users, pushing them toward anonymous decentralized exchanges. Read the full article on CoinDesk.com
  22. Have you ever imagined that you can travel around the world with a token? Have you ever dreamed of traveling around the world with a digital wallet in your hand? When the TarK digital wallet meets Jewish merchant Ajm, the syncopated sparks are enough to shake the entire token industry! One is a digital wallet designed to create a settlement ecosystem without borders and intermediary, and the other is a high-quality token that is committed to global barrier-free of cross-border payment with blockchain technology. Both have strong advantages and have the same vision. The king met, with powerful combination, TarK digital wallet and Jewish merchant Ajm worked hard together to open a new journey of subverting traditional financial construction of digital bank! Perfect combination - TarK digital wallet entered into strategic cooperation with Jewish merchant Ajm With the development of technology and economic globalization, people's demand for living standards has also risen. There are many weaknesses and disadvantages in the current traditional financial state, which can not meet the needs of social development at all. Although informatization has enabled people scattered around the world to shorten their distance and become an inseparable whole, the reality is still constrained by factors: travel abroad, still need foreign currency exchange; cross-border remittances, also need to pay high fees and a long period of waiting time... The barrier between traditional finance and real needs is urgently needed to be broken! After more than ten years of development, the concept of blockchain has been no longer known by a small group of people in a small range. Its spread, like a single spark that can quickly start a prairie fire; it destroys and innovates the traditional financial structure, and has the power to smash rotten wood! TarK digital wallet and Jewish merchant Ajm are the kings in the frontier of the blockchain field. Jewish merchant Ajm will become the mainstream token of TarK wallet, both of which are contributing to the development of Digital Bank. This cooperation is the need of social development and the need of traditional financial reform. Digital Bank - Breaking down Traditional Financial Barriers, TarK and Jewish Merchant Ajm are bound to win The changes that blockchain technology brings to social development are obvious to all. As the biggest future of the blockchain, the token economy is a direction that attracts many investors. The prospects of the token economy and the future development of the digital wallet are complementary to each other. The current global heat of the token economy is showing people's attitude towards it. Correspondingly, the future of digital wallets is also bright. Tark Wallet is the world's first cross-chain wallet based on the fourth-generation blockchain internet technology that supports the payment, storage and transaction of all token assets. TarK is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function in Silicon Valley, which greatly reduces the risk of safety factor of user-token asset. It integrates transactions, games and chat in one, to meet the needs of users to the maximum extent. The TarK system includes private key import function, mnemonic word backup function, multi-currency storage function, on-chain matchmaking function, secure transaction function, game hall function, online live broadcast function, on-chain query function and so on. The Jewish merchant Ajm is a token asset created by Jewish saint JT based on the advanced blockchain 4.0 technology. It is the twin brother of Bitcoin. It is constantly upgraded on the basis of Bitcoin and has the power to change the world, known as the digital gold of the 21st century. Jewish merchant Ajm's vision is to seamlessly connect with billions of people around the world, to create a decentralized application ecosystem, and to realize the good wishes of changing the world. From barter to banknote transactions to electronic cash to digital assets, technological innovation has been driving the development of the world's financial history. In the future, digital assets will become an important part of the payment ecosystem, and wallets and tokens will become the entrance to traffic and the most important part of ecosystem. The combination of Tark wallet and Jewish merchant Ajm is catering to the needs of the times – a global digital bank that cover the world is about to emerge, and a cross-border settlement ecosystem that benefits the world is about to be built.
  23. There is a saying in China that makes sense: "When Heaven is about to place a great responsibility on a great man, it always first frustrates his spirit and will, exhausts his muscles and bones, exposes him to starvation and poverty." This is true for a man, as well as for a nation and a country. After disciplining, he will be appointed to take on a big responsibility. In the long history of the Jewish nation, its national development has undergone many destructive twists and turns. But today, the Jewish nation is recognized as the most intelligent, richest and most accomplished nation in the world. According to relevant data, the Jewish population in the world is less than 20 million, but its IQ is 20 to 30 higher than that of other human beings. In the 20th century, the Jewish Nobel laureates accounted for 20% of the total, Marx, Freud and Einstein's thought has become the mainstream and source of human thought in the 20th century. Scientists, philosophers, revolutionaries, writers, entrepreneurs, etc. have emerged in endlessly, making an indelible contribution to the progress of human civilization. The phrase "American wealth is in the Jewish pocket, and the Jewish wealth is in his own head" is a full affirmation and high praise of the Jewish nation. How can a nation with a population of only 0.3% of the world's population and suffering a great disaster have such a huge positive impact on the development of human society? Ethnic discrimination and oppression have inspired the instinct of the Jewish survival in slits. In ancient times, middle Ages, modern and contemporary times, there has been a major historical turning point in the history of the Jewish nation. Especially in the Middle Ages, anti-Semitism in Europe has intensified, and Jews are forbidden to serve in government departments or to engage in agriculture. In modern and contemporary times, 6 million Jewish people were massacred and the intensification of contradictions with Arab Arabs have caused the nearly 900,000 Jews who originally lived in the Arab countries to fall into serious predicament. The backward old rules affected the development of the world economy, and the Jewish saint JT broke out of the encirclement Under the grim situation, the Jews began to understand that it was necessary to break the old system and struggle with the old forces to survive and develop in the social slit. Therefore, Jews always like to engage in high IQ business and financial industry activities, and gradually accumulated rich and valuable experience in various fields, and constantly accumulated a huge amount of material wealth that is impressive. The Jewish saint JT, a world-class Jewish consortium elite, constantly promoting the development of the world economy. The future digital economy is an important opportunity for various countries to seek sustainable development With the development of the global economy, the digital economy has become a new bright spot. The digital economy is a new form of economic and social development after the agricultural economy and industrial economy. It is easier to realize the scale and scope economy, and has become a new kinetic energy of global economic development. Jewish saint JT, innovating the global digital economy Jewish saint JT launched Jewish merchant Ajm based on blockchain 4.0 technology. With the purpose of cross-chain asset transfer, safe and stable transactions, protection of privacy, and resolution of financial pain points, the design of a financial sector was based on technological innovation and rich application scenarios, a unicorn in the financial world can be built to realize the global cross-border settlement ecosystem. Jewish saint JT's global digital economy is a powerful pusher to drive the development of emerging industries, the transformation of traditional industries, and promote employment and economic growth. It directly affects the future trend and pattern of the global economy.
  24. The ever-increasing number of digital wallet users has spawned a large number of digital wallets. In the face of the variety of wallets, do you also feel difficult to choose? The current status of the digital wallet market - where is the perfect wallet? For wallets that exist on the market, some wallets are powerful, but difficult to use; some of the pages are optimized perfectly, but their functions are limited; or some are directly hot wallets that are not safe enough. As a result, users need to switch between various wallets during daily use and transaction, which wastes time and effort, but users also have to do this based on their needs. It can be seen that the demand for high-quality wallets is very urgent in the market. Is there a wallet with multiple functions, high security performance, high degree of page optimization and easy to use? Looking back – the TarK wallet has stood out The creation of the TarK wallet is based on this timing. TarK Wallet is the world's first cross-chain wallet based on the fourth-generation blockchain internet technology that supports the payment, storage and transaction of all token assets. TarK's advantages are not only focused on advancement and security, but its weapon to capture the market is to create Alipay in the digital wallet industry. The Tark wallet was developed by the National Stone Group and its technology laboratory is located in Silicon Valley, USA. The lab brings together top Internet technology talents from Silicon Valley, Cambridge and BANGALOREBLR. It is responsible for Tark's technology development, maintenance and iteration. It plans to set up R&D institutions in Australia and Italy to bring together scientific and technological talents from Europe, the US and Australia. The laboratory becomes the output center for the top technology of the blockchain. Tark wallet is the world's first dual-form cold wallet security protection mode, which has achieved a major breakthrough in technology, and the application fully reflects the blockchain spirit. The wallet has two super features of anonymity and security, with six advantages of multi-currency, second-speed, multi-account system, offline signature, multiple verification, and open third-party ecosystem. It supports payment, storage and transaction a variety of tokens, and also integrates games, communities, live broadcasts and other applications. It is a comprehensive blockchain platform system. "Alipay" in the digital wallet industry - TarK is irresistible The transaction results are promptly reminded, and the assets are collected in one step! Tark provides offline notification of transaction result reminders. Users do not need to be online for a long time. After the transaction is completed, they can quickly receive the transaction result reminder SMS. Reminders are accepted even when they are offline, and there is no need to worry about overdue of the asset collection in any scenario. Multi-platform market and consultation, wealth dividends at your fingertips! Tark gathers information on mainstream trading platforms, covering global mainstream trading platforms and token market information on the market, including world-renowned portals such as Huobi, Binance, OKEX, Bitcoin Forum, etc., so that you can control the trend of more than ten thousand kinds of token assets without leaving your home. Personal assets are queried in real time, assets are in hand and take leave without delay. Tark provides users with intimate personal asset real-time query function, users can quickly log in to the wallet APP to view personal assets without complicated operations. You can quickly know the status of your assets with just a click of your finger. Multi-language currency support, global user linkage operations. Tark supports English, Korean, Thai, Russian, French, German, and other more than 20 languages worldwide, and all the types of tokens that are circulating worldwide, creating a global settlement and payment tool for the deployment of the world. Language and currency open mode, you can quickly make storage payments wherever you are. QR code / NFC communication, covering the mainstream of global payment methods. Tark supports mainstream payment methods worldwide, including two mainstream payment methods of QR code and NFC, allowing users to experience the multi-dimensional difference in the same payment scenario. Diversified payment methods enable multi-level payment and storage experience.
  25. Social media giant Facebook is set to roll out its own cryptocurrency – internally called 'GlobalCoin' – in 2020, according to a report from BBC. Read the full article on CoinDesk.com
  26. Encrypted messaging service Telegram will reportedly launch its TON network in the third quarter of this year Read the full article on Cointelegraph.com
  27. Yesterday
  28. Hackers are still one of the biggest threats to Proof-of-Work networks. In the past year, digital thieves have used rented hash power to stage successful attacks on Vertcoin, Verge , Bitcoin Gold, Ethereum Classic, and several other cryptocurrencies, most of which have never recovered. That’s no longer a worry for the Dash network. In an update released yesterday, Dash Core Group released the binaries for Version 0.14, which will make the fourteenth-most valuable blockchain network nearly immune to double spending attacks. The update will go into effect once 80% of the network has upgraded, within a 4032-block window. The next such window will begin this weekend. In a blog post, Dash Core described v. 0.14 as “a major step towards making Dash the most user-friendly blockchain-based payment system in the world.” Long Living….What? Most blockchain networks, like Bitcoin, follow a “longest-chain” rule: if there are two competing versions of the ledger, consensus defaults to the one with the most entries. An attacker with enough mining power could create a second version of the ledger, thereby reversing transaction that have already been made. Dash’s enhanced protection comes from the addition of ChainLocks, an additional security feature to validate events and transactions on the network. In addition to the usual requirements of Proof-of-work consensus mining, valid blocks will also require signatures from the majority of a randomly pre-selected, “Long Living Masternode Quorum.” That means a successful double-spend attack would require not only a majority of the Dash network’s total hashing power, but also a supermajority of its 4,911 Masternodes. With a current valuation of $150,000 each at the time of writing, a successful network would cost hundreds of millions of U.S. dollars—far more than any potential returns. Instant InstantSend The new update also comes with other new capabilites. Another new addition is “LLMQ-based InstantSend,” allowing users to spend Dash as easily, and as quickly, as a credit card transaction. Transaction delays were a fact of life on Proof-of-Work blockchains, in which most transactions are only considered irreversible after six blocks. For Bitcoin transactions, that meant waiting one hour before a transaction could be considered final. Instant transactions were previously available, but the new update eliminates those delays by default. Once a valid transaction is published, it is immediately signed by a Quorum of Masternodes, thereby guaranteeing its validity until it can be included in a block. Although Dash is not the first blockchain to launch instant transactions, it is unique in maintaining the security features of Proof-of-Work mining. “Other networks that have managed to reduce wait times have typically done so at the cost of network security by overly centralizing the authority over which transactions go through and which don’t,” wrote Dash Product Manager Elizabeth Robuck, in the blog post. “Dash, on the other hand, will provide users with the real-time payments they expect at an extremely high level of security.” “This release has been a major moment on our calendars for quite some time,” said Ryan Taylor, CEO of Dash Core Group. “Our goal for Dash Evolution has always been for it to make Dash the most user-friendly blockchain-based payment system in the world, and the release of Version 0.14.0 is a significant leap forward in that endeavor.” The post New Update Will Make Dash Immune To 51 Percent Attacks appeared first on Crypto Briefing. Read Full Article
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