‘GoodDollar’: eToro CEO’s New Crypto Project Will Use Blockchain to Fight Poverty

Calling it an “open invitation for the world to “rethink the existing economic framework,” eToro co-founder and CEO Yoni Assia today announced the launching of GoodDollar, a blockchain-powered, non-speculative crypto project which is geared towards a global distribution on the principles of the universal basic income. The launch has the backing and blessing of eToro,

The post ‘GoodDollar’: eToro CEO’s New Crypto Project Will Use Blockchain to Fight Poverty appeared first on CCN

Tokyo Limos to Start Accepting Crypto Payments

Japan will test pilot a service to allow passengers to pay for limo rides with cryptocurrency, according to an article published Sunday by Bloomberg.

Expanding Into the Ride Business

Payment company Remixpoint Inc., which also has its hands in the energy management and automotive industries, will partner with Japanese limousine company Hinomaru Limousine Co. for a small trial run of cryptocurrency payments for limo services.

The trial will start this month and will cover limo rides between Tokyo’s Haneda or Narita airports and the city’s 23 wards to begin with. An official announcement of the trial is reportedly coming on Nov 6. and cryptos accepted include Bitcoin, Bitcoin Cash, and Ethereum.

BITpoint’s Retail Crypto Presence

Remixpoint also owns Japanese crypto exchange BITpoint, which has partnered with other companies in the past to try and move crypto payments into the mainstream retail sector. The exchange has offered crypto payments for airline tickets and partnered with retailers to get cryptocurrency payments into Japanese stores last year.

Why Japan’s Decision to Allow Crypto Sector to Self-Regulate is Significant
Related:  Why Japan’s Decision to Allow Crypto Sector to Self-Regulate is Significant

BITpoint is one of 16 major exchanges in Japan now under the jurisdiction of the Japanese Virtual Currency Exchange Association (JVCEA) thanks to a recent ruling by the Japanese government.

Hinomaru Limo’s fleet of vehicles consists of 362 limousines and 161 taxis, and the company could expand the crypto payment service to include its taxis if the limo service trial run is a success, according to Bloomberg’s unnamed sources.

After a number of high-profile attacks on exchanges resulting in millions lost, crypto companies are still trying to make inroads in Japan. The recent decision by Japan Financial Services Agency to let the JVCEA police the market has led to stricter rules and a trend toward more stringent enforcement, and a stablecoin backed by the Yen was announced last month as part of the stablecoin boom. Bitcoin payments, in particular, have climbed since Japanese retailers began accepting BTC in 2017.

The post Tokyo Limos to Start Accepting Crypto Payments appeared first on CryptoSlate.

Why the Energy Sector Meets the Conditions for Decentralization

The following piece on decentralizing the energy sector was written by Richard Lohwasser, who holds a PhD in energy economics and is the CEO of Lition. He was previously a strategy consultant for McKinsey and director of Vattenfall. Lohwasser was also Managing Director of German Operations at ExtraEnergie.

Decentralization. Digital autonomy. Circumventing corporate strangleholds on information. A new, democratized internet. The blockchain revolution has inspired a wave of ideological fervor around technological advancement that is unprecedented in the mild-mannered, minimalist world of the Silicon Valley tech giants. Crypto gurus, emboldened by new-found fortunes, decry centralized data systems, and herald an internet of no gods, no masters.

Also read: Markets Update: BCH Rallies, XRP Nears ETH Market Cap

The Democratization of an Industry

Why the Energy Sector Meets the Conditions for Decentralization

It makes sense. When Facebook is listening to your conversations and tailoring ad content accordingly, and Equifax is losing credit card and social security numbers by the millions, burning the old house to the ground seems like a plausible solution.

Blockchain startups left and right have latched onto this ethos of disruption, vowing to fundamentally redefine established industries from the bottom up. The purveying sentiment seems to be “Decentralize everything.” While breaking the grip of old guard institutions is a great rallying cry, there are a few important question to ask before trying to democratize an industry.

Asking the Right Questions About Decentralization

Why was the industry centralized in the first place?

Industries like banking originally centralized to bring stability, security, and ease of use to consumers. While cryptocurrencies offer their own benefits, such as anonymous, worldwide transfers, fluctuating value, hackability, and over-saturation could prove that monetary decentralization isn’t the perfect application for blockchain, especially in regards to widespread adoption.

Would decentralization improve the industry?

Decentralization is only valuable when there is a network of participants to decentralize to. If there is a single service provider or a passive user base, decentralization can make the system unnecessarily inefficient. Diverse networks with intermediaries that do not add value or security are best suited to decentralization.

Do people care enough to participate?

The average person doesn’t want to micromanage every aspect of their digital footprint. Decentralization inherently encourages user participation. If users don’t care about interacting, the system must either have some level of automation or might be best left centralized.

Why the Energy Sector Meets the Conditions for Decentralization

In the frenzy to decentralize via blockchain, many industries are introducing unnecessary systems than will only complicate service delivery. However, the modern energy market is primed for decentralization.

Historically, energy was provided by massive corporations, who were the only ones with the capital to build the infrastructure required to generate power. Dirty coal and natural gas plants were often the only energy available. In this system, decentralization would be unnecessary, if not completely illogical. However, times have changed.

A Decentralized Network for A Decentralizing Ecosystem

Energy production has diversified. Your neighbors may have installed solar panels on their homes. A local biofuel plant might be opening a few miles down the road. A wind farm may be churning away just off the coast. Energy is getting greener and renewables are the future.

Unfortunately, large utility companies, heavily invested in dirty energy, hold monopolies on power systems, which in turn holds the entire energy ecosystem back. Green producers are forced to sell through the utility companies as intermediaries. This barrier between producers and consumers drives up costs and stifles the growth of renewables.

Decentralization would allow for energy producers and consumers to circumvent intermediaries to buy and sell directly, mitigating the current problems. Peer to peer trading could increase producers’ profits by 30 percent and save consumers more than 20 percent on their energy bills. In this situation, decentralization is imperative for both the economy and the environment.

Higher profits would incentivize producers to participate in a decentralized network, but why would the average consumer care? The answer is twofold.

  • The more agency a consumer has to feel like they are making a difference in the world, the more likely they are to partake in a sustainable behavior, like shoppers consciously purchasing fresh, local, farm-to-table foods in exchange for peace of mind that the produce did not use harmful chemicals and supports local farmers. The same concept is applicable to energy. Directly displaying energy sources allows consumers to decide what option best fits their budget and world view.
  • If actively sourcing green energy entails more involvement than a consumer wants, AI interpreting data sets can handle automated buying strategies, sourcing cheap, renewable energy without user input, helping the planet and their wallet with little to no effort on their part.

Power to the People?

Why the Energy Sector Meets the Conditions for Decentralization

In the rush to decentralize everything via blockchain, taking a step back to ask why an industry needs to be decentralized is a crucial process that many companies and investors are currently ignoring. Understanding why a network is centralized is paramount in answering the question: Should it be decentralized?

The energy sector is one that passes the decentralization test with flying colors. Current centralization is the product of outdated monopolies, holding back the growth of renewables.

Directly connecting producers and consumers is the key to fostering the growth of renewables and saving money across the board. User participation is encouraged, but not necessary for the network to thrive, as the producers are the primary active users driving the system. Decentralizing the energy sector is a logical and tangible way to protect the planet and introduce the energy ecosystem of tomorrow.

What do you think about decentralizing the energy sector? Will it help break the monopoly some companies hold over the sector?  


Images courtesy of Shutterstock


OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.

The post Why the Energy Sector Meets the Conditions for Decentralization appeared first on Bitcoin News.

Why the Energy Sector Meets the Conditions for Decentralization

The following piece on decentralizing the energy sector was written by Richard Lohwasser, who holds a PhD in energy economics and is the CEO of Lition. He was previously a strategy consultant for McKinsey and director of Vattenfall. Lohwasser was also Managing Director of German Operations at ExtraEnergie.

Decentralization. Digital autonomy. Circumventing corporate strangleholds on information. A new, democratized internet. The blockchain revolution has inspired a wave of ideological fervor around technological advancement that is unprecedented in the mild-mannered, minimalist world of the Silicon Valley tech giants. Crypto gurus, emboldened by new-found fortunes, decry centralized data systems, and herald an internet of no gods, no masters.

Also read: Markets Update: BCH Rallies, XRP Nears ETH Market Cap

The Democratization of an Industry

Why the Energy Sector Meets the Conditions for Decentralization

It makes sense. When Facebook is listening to your conversations and tailoring ad content accordingly, and Equifax is losing credit card and social security numbers by the millions, burning the old house to the ground seems like a plausible solution.

Blockchain startups left and right have latched onto this ethos of disruption, vowing to fundamentally redefine established industries from the bottom up. The purveying sentiment seems to be “Decentralize everything.” While breaking the grip of old guard institutions is a great rallying cry, there are a few important question to ask before trying to democratize an industry.

Asking the Right Questions About Decentralization

Why was the industry centralized in the first place?

Industries like banking originally centralized to bring stability, security, and ease of use to consumers. While cryptocurrencies offer their own benefits, such as anonymous, worldwide transfers, fluctuating value, hackability, and over-saturation could prove that monetary decentralization isn’t the perfect application for blockchain, especially in regards to widespread adoption.

Would decentralization improve the industry?

Decentralization is only valuable when there is a network of participants to decentralize to. If there is a single service provider or a passive user base, decentralization can make the system unnecessarily inefficient. Diverse networks with intermediaries that do not add value or security are best suited to decentralization.

Do people care enough to participate?

The average person doesn’t want to micromanage every aspect of their digital footprint. Decentralization inherently encourages user participation. If users don’t care about interacting, the system must either have some level of automation or might be best left centralized.

Why the Energy Sector Meets the Conditions for Decentralization

In the frenzy to decentralize via blockchain, many industries are introducing unnecessary systems than will only complicate service delivery. However, the modern energy market is primed for decentralization.

Historically, energy was provided by massive corporations, who were the only ones with the capital to build the infrastructure required to generate power. Dirty coal and natural gas plants were often the only energy available. In this system, decentralization would be unnecessary, if not completely illogical. However, times have changed.

A Decentralized Network for A Decentralizing Ecosystem

Energy production has diversified. Your neighbors may have installed solar panels on their homes. A local biofuel plant might be opening a few miles down the road. A wind farm may be churning away just off the coast. Energy is getting greener and renewables are the future.

Unfortunately, large utility companies, heavily invested in dirty energy, hold monopolies on power systems, which in turn holds the entire energy ecosystem back. Green producers are forced to sell through the utility companies as intermediaries. This barrier between producers and consumers drives up costs and stifles the growth of renewables.

Decentralization would allow for energy producers and consumers to circumvent intermediaries to buy and sell directly, mitigating the current problems. Peer to peer trading could increase producers’ profits by 30 percent and save consumers more than 20 percent on their energy bills. In this situation, decentralization is imperative for both the economy and the environment.

Higher profits would incentivize producers to participate in a decentralized network, but why would the average consumer care? The answer is twofold.

  • The more agency a consumer has to feel like they are making a difference in the world, the more likely they are to partake in a sustainable behavior, like shoppers consciously purchasing fresh, local, farm-to-table foods in exchange for peace of mind that the produce did not use harmful chemicals and supports local farmers. The same concept is applicable to energy. Directly displaying energy sources allows consumers to decide what option best fits their budget and world view.
  • If actively sourcing green energy entails more involvement than a consumer wants, AI interpreting data sets can handle automated buying strategies, sourcing cheap, renewable energy without user input, helping the planet and their wallet with little to no effort on their part.

Power to the People?

Why the Energy Sector Meets the Conditions for Decentralization

In the rush to decentralize everything via blockchain, taking a step back to ask why an industry needs to be decentralized is a crucial process that many companies and investors are currently ignoring. Understanding why a network is centralized is paramount in answering the question: Should it be decentralized?

The energy sector is one that passes the decentralization test with flying colors. Current centralization is the product of outdated monopolies, holding back the growth of renewables.

Directly connecting producers and consumers is the key to fostering the growth of renewables and saving money across the board. User participation is encouraged, but not necessary for the network to thrive, as the producers are the primary active users driving the system. Decentralizing the energy sector is a logical and tangible way to protect the planet and introduce the energy ecosystem of tomorrow.

What do you think about decentralizing the energy sector? Will it help break the monopoly some companies hold over the sector?  


Images courtesy of Shutterstock


OP-ed disclaimer: This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the Op-ed article. Readers should do their own due diligence before taking any actions related to the content. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any information in this Op-ed article.

The post Why the Energy Sector Meets the Conditions for Decentralization appeared first on Bitcoin News.

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Author: OP-ED

Hackers Infiltrate 600K Websites Through StatCounter in Search of Bitcoin

Cybercriminals have hacked one of the largest website traffic analytics platforms on the web, and with it have injected malicious code into over 600,000 websites in an attempt to gain access to Bitcoin held at cryptocurrency exchange Gate.io.

Gate.io Targeted Through StatCounter Backdoor

Matthieu Faou, malware researcher for the Bratislava, Slovakia-based cybersecurity firm ESET, has discovered a line of malicious code in a website traffic-tracking script provided by leading website analytics firm StatCounter, reports ZDNet.

StatCounter, like Google Analytics and Alexa, track various metrics websites use for audience development, sales conversations and much more. Websites are required to add a line of code to their sites, which then tracks these certain website statistics. However, that requirement has turned into a vulnerability, leading to over 688,000 websites loading the line of malicious code.

The nearly 700,000 websites appear to be safe from any potential harm, as the malicious code specifically targets Bitcoin transactions being made through popular cryptocurrency exchange Gate.io. Gate.io is currently ranked 40th by adjusted trading volume, according to data from CoinMarketCap, with nearly $50 million in daily trading volume, making the exchange a prime target for cybercriminals.

The ESET malware researcher says that the code was first added to StatCounter’s website-tracking script on November 3, and the code is still currently active four days later. Faou claims to have reached out to StatCounter, but has yet to receive a response.

“The JavaScript file at www.statcounter[.]com/counter/counter.js is still compromised,” Faou explained.

Faou adds that the malicious code very specifically searches for web pages that contain the URL path “myaccount/withdraw/BTC” – a URL string that is uniquely found on the section of Gate.io that manages a user’s Bitcoin transfers.

The code, Faou says, functions like common cryptocurrency-targeting clipboard malware, where correct Bitcoin wallet addresses are replaced by wallet addresses owned by the cybercriminals who injected the code.

The hackers have also taken steps to hide their tracks, using a different Bitcoin address for each new victim that falls prey to the malware. Users may not even notice the change of address until it’s too late, as the malware is designed to trigger after the user clicks on the submit button to transfer funds. Because of all the uncertainty surrounding the hack, Faou says it is unknown how many BTC the hackers have made off with as a result.

Gate.io has since made a statement on Twitter, claiming to have removed the StatCounter tracking script from its website. However, there still appears to be a vulnerability in StatCounter’s security that could effect any of the two million websites StatCounter services. StatCounter itself is ranked among the top 2,500 websites in the United States, and is ranked 5,072 globally, according to Alexa Traffic Ranking data.

Featured image from Shutterstock.

The post Hackers Infiltrate 600K Websites Through StatCounter in Search of Bitcoin appeared first on NewsBTC.

6 Major Exchanges Losing Massive Trading Volume in October 2018

crypto exchanges losing volume

As cryptocurrency prices dropped since the beginning of the year, exchanges continue to struggle for volume. New statistics indicate all of the major platforms face significant deficits, with no real improvements in sight whatsoever. The following six platforms lost the most trading volume percentage-wise.

#6 Coinbase Pro

Even though many people had high hopes for Coinbase Pro in terms of trading volume, the reality is very different. Between September and October, the company has lost 41% of its trading volume. Although there’s still $2.25bn in volume, it seems things will need to change fairly quickly if the exchange wants to bring their numbers back up.

#5 Kraken

No one is really surprised to learn Kraken hasn’t been able to sustain its trading volume between September and October. It has suffered a 44% decline, pushing the overall volume down to $2.09bn in the process. A somewhat worrisome trend, especially because Kraken has been surpassed by Coinbase Pro in terms of volume already.

#4 OKEx

Even though OKEx is incredibly popular among altcoin traders today, its volume is also facing a major decline in quick succession. A net 47% loss is quite steep, especially for an exchange which generated $24.64bn in volume throughout September 2018. Recovering this net loss may prove difficult, unless something changes dramatically.

#3 Huobi

Similar to OKEx, Huobi has lost 47% of its trading volume last month. In this particular case, the platform still has over $10bn in volume on a monthly basis, which is $3bn below OKEx. Both companies combined still can’t rival Binance’s individual volume, despite the ongoing declines across the board.

#2 Bitfinex

Even the almighty Bitfinex is incapable of sustaining its lofty trading volume during these troublesome times. In the case of Bitfinex, a net loss of 48% of volume is quite worrisome. Its overall volume has now dropped to $7.81bn. That is still pretty solid overall, although this industry-wide trend is very problematic.

#1 Poloniex

Perhaps the biggest surprise is how Poloniex is quickly losing traction. Despite being acquired by Circle, it is evident Poloniex isn’t the bastion of altcoin trading it was a few years ago. Its volume has decreased by 56%, bringing the total down to $0.67bn. If this trend keeps up, Poloniex will drop out of the top 15 in rather quick succession.

The post 6 Major Exchanges Losing Massive Trading Volume in October 2018 appeared first on NullTX.

New Amendments to French Finance Bill Would Ease Taxes for Crypto-Related Revenue

The Finance Committee of the French National Assembly has adopted amendments to a tax bill that would tax crypto as capital income.

The Finance Committee of the lower house of French parliament has adopted amendments to a tax bill that ease taxes on cryptocurrency sales, daily French newspaper Le Figaro reports Wednesday, Nov. 7.

The amendments adopted by Finance Committee of the National Assembly refer to a draft of the government finance bill (PLF) for 2019. If the final version of the document is approved by a broader parliament, whose hearings are scheduled for next week, the tax on crypto sales will be equal to capital income tax.

Currently crypto income is taxed at a rate of 36.2 percent. If the amendments to the budget are accepted, the rate will be reduced to 30 percent starting Jan. 1, 2019.

The French government has actively adjusted legislation to accommodate new technologies, including digital currencies and blockchain. President Emmanuel Macron once said he would like France to become a “startup nation,” while France’s Minister for the Economy and Finance Bruno le Maire claimed that the country was ready for a “blockchain revolution.”

In September, Mair announced that the government had accepted a legal framework for Initial Coin Offerings (ICO). Under the new regulations, the French stock markets regulator Autorité des marchés financiers (AMF) is empowered to issue licenses to companies that aim to raise funds via an ICO. The legislation also offers several protections for investors.

In the meantime, the government is still finalizing PACTE — the Action Plan for Business Growth and Transformation. The bill contains some relevant changes for the French regulatory framework with regard to crypto assets and ICOs.

Go to Source
Author: Ana Berman

New Amendments to French Finance Bill Would Ease Taxes for Crypto-Related Revenue

The Finance Committee of the French National Assembly has adopted amendments to a tax bill that would tax crypto as capital income.

The Finance Committee of the lower house of French parliament has adopted amendments to a tax bill that ease taxes on cryptocurrency sales, daily French newspaper Le Figaro reports Wednesday, Nov. 7.

The amendments adopted by Finance Committee of the National Assembly refer to a draft of the government finance bill (PLF) for 2019. If the final version of the document is approved by a broader parliament, whose hearings are scheduled for next week, the tax on crypto sales will be equal to capital income tax.

Currently crypto income is taxed at a rate of 36.2 percent. If the amendments to the budget are accepted, the rate will be reduced to 30 percent starting Jan. 1, 2019.

The French government has actively adjusted legislation to accommodate new technologies, including digital currencies and blockchain. President Emmanuel Macron once said he would like France to become a "startup nation," while France’s Minister for the Economy and Finance Bruno le Maire claimed that the country was ready for a “blockchain revolution.”

In September, Mair announced that the government had accepted a legal framework for Initial Coin Offerings (ICO). Under the new regulations, the French stock markets regulator Autorité des marchés financiers (AMF) is empowered to issue licenses to companies that aim to raise funds via an ICO. The legislation also offers several protections for investors.

In the meantime, the government is still finalizing PACTE — the Action Plan for Business Growth and Transformation. The bill contains some relevant changes for the French regulatory framework with regard to crypto assets and ICOs.

‘Santa Claus Rally’: Why Bitcoin is Primed for a Christmas Surprise

Nearly 11 months into a bear market that has seen the bitcoin price take a two-thirds haircut from its all-time high, the flagship cryptocurrency could be on the verge of a year-end rally. Mati Greenspan, senior market analyst at eToro, has been watching for a bitcoin breakout for some time now, and he said in

The post ‘Santa Claus Rally’: Why Bitcoin is Primed for a Christmas Surprise appeared first on CCN

Qtum Price Remains Above $4 While Other Markets Run out of Steam

NullTX Qtum Price Rise

As all cryptocurrency markets start to lose some of their initial profits, the focus shifts to those currencies which are still firmly in the green. Most altcoins are losing value against Bitcoin, although there are some notable exceptions. Qtum is still going rather strong at this stage, as it maintains a value of over $4 with relative ease.

Qtum Price Momentum Remains Intact

It is not abnormal to see all cryptocurrencies lose a bit of their initial momentum. Sustaining an uptrend throughout 2018 has been very difficult for all markets. As such, it is normal to see a brief corrections et in prior to the uptrend being resumed For most altcoins, that means suffering from a loss in the BTC department, which also drives the USD value down a bit in the process.

For Qtum, nothing terrible is happening right now. In fact, it is one of the few altcoins in the top 30 to remain in the green in both USD and BTC value at this time. That in itself shows the currency has found some form of stability, although it will be interesting to see how things will move along in this department.

On social media, Qtum isn’t necessarily generating a lot of buzz right now. That is not a bad thing by any means, as useless clutter can make investors and speculators more averse of this market. There is a proof-of-stake protocol deployed by Qtum which is well worth checking out, as it has the potential to redefine proof-of-stake as most people know it today.

For those who are merely speculating on the Qtum price, it is evident there is a lot of room for upward momentum moving forward. More specifically, Qtum will need to break through the relatively low resistance level prior to effectively breaking out. Once that happens, a doubling in value is certainly possible, depending on how traders respond.

CryptoKazakh, on the other hand, is confident Qtum is looking good right now, regardless of what may happen in the coming hours. Although there is still a lot of positive momentum in place right now, it seems unlikely this altcoin will not go through a correction of its own in the coming days. Markets remain unpredictable first and foremost, though.

What makes Qtum such an impressive market right now is its very high trading volume. Compared to top markets, $207m might not seem much. When considering Qtum’s market cap is just $366m, that volume suddenly becomes a lot more impressive. It is critical to keep the bigger picture in mind at all times when dealing with cryptocurrencies.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

The post Qtum Price Remains Above $4 While Other Markets Run out of Steam appeared first on NullTX.

Shrem’s Lawyer Responds to Allegations, Claims Client Didn’t Steal 5,000 BTC

Charlie Shrem’s lawyer has responded to the Winklevoss allegations that he stole 5,000 BTC from the pair in 2012.

The early Bitcoin adopter refutes the claims saying he cannot have taken the Bitcoin because it never belonged to the Gemini exchange founders to begin with.

Shrem’s Lawyer: Charlie “Has Never Owned 5,000 Bitcoins”

In a lengthy court document published today, early Bitcoin investor Shrem has denied using stolen money from the Winklevoss Capital Fund (WCF) to buy 5,000 BTC for the pair in December 2012.

The twins had filed the original complaint on September 11, 2018 saying that Shrem had spent $61,000 of their money to buy Bitcoin and was now living lavishly off the gains made largely thanks to last year’s bull market. However, Shrem was only made aware of the allegations on October 26, hence the delayed response from his legal team.

Shrem’s lawyer, Brian E. Klein, has responded to the allegations by stating that the 5,000 BTC mentioned in the Winklevoss’s original complaint never belonged to the twins. It instead was that of an anonymous contact of Shrem who, for confidentiality’s sake, is referred to as “Mr X” and a “prominent Bitcoin industry member” in the court document.

Klein claims that Mr X had sent an email out to various people in the Bitcoin community in December 2012 asking for help putting a large amount of Bitcoin into cold storage. Shrem agreed and responded that day saying so. He included one of the addresses referenced in the Winklevoss complaint — “1Shremdh9tVop1gxMzJ7baHxp6XX2WWRW ” — for Mr X to sent the 5,000 BTC to.

Mr X obliged and transferred the Bitcoin to Shrem’s wallet on December 31 after agreeing to meet to setup the cold storage. Klein claims that the pair made the final transfer of funds to Mr X’s wallet from Shrem’s office at a later date.

The receiving wallet, “1MQ3K9aPcEDCekpFBGyDAgtD1uPss8E7rY”, is also referenced in the original Winklevoss complaint. However, Klein asserts that his client never had control of the private key to Mr X’s wallet and since he has “never owned 5,000 all at one time” has no idea where the Winklevoss allegations stem from.

During the document, there is little mention of the whereabouts of the $61,000 that Shrem supposedly owes to the twins. Instead, it focuses on explaining the origins of the 5,000 BTC mentioned in the Gemini exchange founders’ original complaint.

Presumably Klein’s client would much prefer to be ordered to pay back just $61,000 instead of the more than $32.5 million in Bitcoin that Tyler and Cameron claim is rightfully theirs should their allegations carry any truth whatsoever.

Shrem’s lawyer is demanding the New York District Court award legal fees to his client and stated:

“Shrem engaged in no wrongdoing. Period… The Court should also exercise its supervisory powers and dismiss the entire case at this time in light of its false premise and the unfair, significant disruption it has caused to Shrem’s life.”

Featured image from Shutterstock.

The post Shrem’s Lawyer Responds to Allegations, Claims Client Didn’t Steal 5,000 BTC appeared first on NewsBTC.

Blockstream Unveils New Tool To Monitor Liquid Sidechain

Blockstream liquid wallet block explorer

Blockstream has been busy as of late with a brace of announcements including the release of the Liquid Full Node binaries alongside a new block explorer that lets you track transactions on the Liquid sidechain.


Exploring The Possibilities

The Blockstream Block Explorer enables users to view requested data from the Bitcoin blockchain and Liquid sidechain. The original intention was to allow Liquid sidechain users to cross-check transactions and monitor the network activity. This developed to include Bitcoin blockchain support, and the combined explorer is now available online.

As a Bitcoin explorer, it offers native support of SegWit and bech32 and draws data real-time from a fully updated Bitcoin Core full-node. It also offers Tor support, no analytics or tracking, and monitoring of peg-ins and peg-outs between Bitcoin and Liquid.

Blockstream plans to add more unique features while retaining ease-of-use for the casual user.

Liquid Assets

The release of the Liquid full node binaries and source code allows any user to join the P2P Liquid Network by operating a full node. It comes complete with wallet support, letting users manage L-BTC and other Liquid assets.

Node operators can also take advantage of Liquid’s advanced confidentiality features. ‘Confidential Transactions’ hides transaction amounts to protect privacy, whilst still being fully verifiable. And ‘Confidential Assets’ maintains the same verifiability whilst masking asset types.

Liquid is an inter-exchange settlement network, built on and compatible with Blockstream’s Elements platform.

But is it Trustless?

One part of the announcement raised some eyebrows; a questionable use of the word trustlessly.

Now any user can join the P2P Liquid Network by operating a full node, in order to trustlessly self-validate the chain just like they can with the Bitcoin network.

Bitcoin Core developer, Matt Corallo, tweeted that perhaps Blockstream was trying to redefine the word. Bitcoin developer Peter Todd, meanwhile, said that “there’s no way in hell that Blockstream should be calling Liquid trustless.”

“It’s just a fancy bank,” he added.

Blockstream CEO Adam Back acknowledged the inaccuracy, noting the trade-offs that come with using a sidechain like Liquid. While it is possible to validate transactions trustlessly (running a full node), there is no “trustless use in general,” conceded Back, who listed the IOU peg and claim risk from the issuer as potential downsides.

 

The post Blockstream Unveils New Tool To Monitor Liquid Sidechain appeared first on Bitcoinist.com.

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 7

While institutional players more often recognize crypto as a new asset class, it still faces challenges. Once indecision resolves, we are likely to see a number of buyers jump in.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

The sharp drop in Bitcoin’s volatility at a time when the volatility in the U.S. stock markets soared is a sign that cryptocurrencies have decoupled from equity markets. It has emerged as an independent asset class, buoyed by fundamentals.

A recent report by Morgan Stanley bank also underlines the emergence of Bitcoin and altcoins as “a new institutional investment class.” However, any new asset has to face numerous hurdles in the beginning. Cryptocurrencies are currently going through the phase of denial, before they reach acceptance.

As soon as this indecision resolves, we are likely to see a number of buyers, who are currently sitting on the sidelines, jump in. Galaxy Digital CEO Michael Novogratz believes that 2019 will be an important year, predicting that Bitcoin will break $10,000 in Q1 and continue its journey northward to reach $20,000 or more by the end of the year.

While the larger players are focused on Bitcoin, there is a tussle between the top two altcoins for the second spot. Ripple recently surpassed Ethereum for a short period of time as the leading altcoin by market capitalization, before Ethereum reclaimed its position.

The cryptocurrency market seems to be slowly returning back to life. Let’s see which coins are likely to rally from current levels.

BTC/USD

Bitcoin is trying to sustain above the moving averages. On a close above $6,654.51, it can rally to $6,831.99. The price has turned down three times from this resistance, so this is a key level to watch on the upside. A break out of this can propel the cryptocurrency to $7,400. The moving averages are flat, which shows a balance between the bulls and the bears.

BTC/USD

A failure to break out of $6,831.99 will extend the stay inside the range. On the downside, $6,200 has been acting as a strong support. If this level breaks, a retest of the critical support zone at $5,900–$6,075.04 is probable.

The BTC/USD pair will become negative on a break down of $5,900. The lower supports are at $5,450 and $5,000. Therefore, traders holding long positions can keep their stops at $5,900.

ETH/USD

Ethereum has risen above the moving averages. It should now attempt to gradually move up to $249.93.

ETH/USD

First signs of a trend reversal will be when the ETH/USD pair sustains above the range. Such a move could carry it to $300, and further to $322. Therefore, traders can wait for a close (UTC time frame) above $249.93 and buy with a suitable stop loss.

If the bears defend the overhead resistance, the digital currency will continue to trade inside the range for the next few days. The downtrend will resume on a breakdown below $188.35 and $167.32.

XRP/USD

Ripple triggered our buy proposed on Oct. 31 when it closed (UTC time frame) above $0.48 on Nov. 5. Though the bears attempted to sink the pair on Nov. 6, it found support at the moving averages and rallied back up.

XRP/USD

Today, the XRP/USD pair is again facing resistance at $0.55. If the bulls can defend the moving averages and push the price above this overhead resistance, a rally to $0.62 is probable. Partial profits can be booked at this level and the rest of the position can be held with a close stop loss, because above $0.62, a rally to $0.7644 is likely.

The upward sloping moving averages and the RSI close to the overbought territory shows that the short-term trend is bullish. If the virtual currency slides below the moving averages, it will invalidate our bullish view. Therefore, traders can keep an initial stop loss of $0.425.

BCH/USD

In the past seven days, Bitcoin Cash has risen about 55 percent, which is a bullish sign. It is currently knocking on the overhead resistance of $660.0753, from where it had rebounded in early September.

BCH/USD

It is difficult to predict the reaction of the BCH/USD pair following the fork. Therefore, traders can book partial profits at the current levels and hold the rest with a suitable stop loss.

If the bulls push the price above $660.0753, the digital currency can rally to $850. Therefore, we are not suggesting to close the entire position. The 20-day EMA has turned up, which is a positive sign.

As the RSI has reached the overbought territory, the virtual currency can consolidate for a couple of days. Our bullish view will be invalidated if the bears sink the price below $400.

EOS/USD

EOS has climbed close to the top of the tight range. The bulls have failed to break out of this range since Sept. 24, so we expect a strong defense of this level.

EOS/USD

A breakout can propel the EOS/USD pair to $6.8299, above which it is likely to pick up momentum and rally to $9.1668, and further to $11.4. Therefore, traders who are long can keep their protective stops at $4.9, just below the support of the tight range.

If the bulls fail to break out of the range, the pair can slide to the bottom of the range at $5, below which a fall to $4.493 is possible.

XLM/USD

Stellar has broken out of the downtrend line of the descending triangle with force, which is a bullish sign. With the latest move, it has invalidated the bearish pattern. Though it did not trigger our buy suggested in the previous analysis, it has sustained above the downtrend line for two days.

XLM/USD

Therefore, we advocate initiating long positions on a breakout above $0.275. The target objective is a rally to $0.36. If the bears defend the overhead resistance at $0.304, traders can either trail the stops higher or close the positions.

Our bullish view will be invalidated if the XLM/USD pair turns down from the current levels and breaks down of the moving averages. The initial stops can be kept at $0.2, which can be raised quickly, depending on the price action.

LTC/USD

As forecast in our previous analysis, the bears are defending the zone between the 50-day SMA and the downtrend line. Therefore, we had recommended booking partial profits when  Litecoin approaches the downtrend line.

LTC/USD

We have not proposed booking complete profits because a break out of the downtrend line can result in a rally to $69.279. Therefore, traders who have booked partial profits can trail the stops on the remaining position to $50.

We anticipate the 20-day EMA to offer a strong support on any dip from the current levels. Both moving averages are flat, which points to a continuation of the consolidation. The LTC/USD pair will resume its downtrend if it dips below $47.246.

ADA/USD

Cardano broke below the symmetrical triangle on Oct. 29, but the bears could not break the support at $0.068989. This led to a pullback that has now carried the virtual currency to the resistance line of the symmetrical triangle.

ADA/USD

The bulls are currently facing resistance at $0.082207, above which a rally to $0.094256 is probable. On the other hand, if the ADA/USD pair struggles to break out of the immediate resistance, it will slip back and remain stuck in the range of $0.068989–$0.082207.

We couldn’t find any reliable buy setups at the current levels; hence, we remain neutral on the pair. We shall suggest a long position if we see buyers return.

XMR/USD

Though Monero has held above $112.44 for the past three days, it has failed to pick up momentum. This shows a lack of demand at higher levels.

XMR/USD

Previously, from Sept. 25 to Oct. 10, the bulls could not build up momentum, resulting in a fall to the bottom of the tight range.

If the bears sink the XMR/USD pair below the moving averages, it will re-enter the tight range between $100.453 and $112.44 once again. We couldn’t find a reliable buy setup at the current levels, so we are not suggesting any trades.

TRX/USD

TRON continues to trade inside the range with a mild positive bias. The price has risen above both moving averages, but is struggling to find buyers at higher levels.

TRX/USD

As long as the TRX/USD pair remains in a range, we expect random movements that are difficult to trade. It will make a decisive move either on a breakout or break down from the range.

A rally above the Oct. 15 intraday highs is likely to push the price towards $0.04158193. However, on two occasions, the bulls had broken out of the overhead resistance but failed to sustain the prices above it. Therefore, traders should wait for the digital currency to close (UTC time frame) above $0.03 before initiating long positions. The trend will turn negative if the bears sink the price below $0.0183.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

Go to Source
Author: Rakesh Upadhyay

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 7

While institutional players more often recognize crypto as a new asset class, it still faces challenges. Once indecision resolves, we are likely to see a number of buyers jump in.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

The sharp drop in Bitcoin’s volatility at a time when the volatility in the U.S. stock markets soared is a sign that cryptocurrencies have decoupled from equity markets. It has emerged as an independent asset class, buoyed by fundamentals.

A recent report by Morgan Stanley bank also underlines the emergence of Bitcoin and altcoins as “a new institutional investment class.” However, any new asset has to face numerous hurdles in the beginning. Cryptocurrencies are currently going through the phase of denial, before they reach acceptance.

As soon as this indecision resolves, we are likely to see a number of buyers, who are currently sitting on the sidelines, jump in. Galaxy Digital CEO Michael Novogratz believes that 2019 will be an important year, predicting that Bitcoin will break $10,000 in Q1 and continue its journey northward to reach $20,000 or more by the end of the year.

While the larger players are focused on Bitcoin, there is a tussle between the top two altcoins for the second spot. Ripple recently surpassed Ethereum for a short period of time as the leading altcoin by market capitalization, before Ethereum reclaimed its position.

The cryptocurrency market seems to be slowly returning back to life. Let’s see which coins are likely to rally from current levels.

BTC/USD

Bitcoin is trying to sustain above the moving averages. On a close above $6,654.51, it can rally to $6,831.99. The price has turned down three times from this resistance, so this is a key level to watch on the upside. A break out of this can propel the cryptocurrency to $7,400. The moving averages are flat, which shows a balance between the bulls and the bears.

BTC/USD

A failure to break out of $6,831.99 will extend the stay inside the range. On the downside, $6,200 has been acting as a strong support. If this level breaks, a retest of the critical support zone at $5,900–$6,075.04 is probable.

The BTC/USD pair will become negative on a break down of $5,900. The lower supports are at $5,450 and $5,000. Therefore, traders holding long positions can keep their stops at $5,900.

ETH/USD

Ethereum has risen above the moving averages. It should now attempt to gradually move up to $249.93.

ETH/USD

First signs of a trend reversal will be when the ETH/USD pair sustains above the range. Such a move could carry it to $300, and further to $322. Therefore, traders can wait for a close (UTC time frame) above $249.93 and buy with a suitable stop loss.

If the bears defend the overhead resistance, the digital currency will continue to trade inside the range for the next few days. The downtrend will resume on a breakdown below $188.35 and $167.32.

XRP/USD

Ripple triggered our buy proposed on Oct. 31 when it closed (UTC time frame) above $0.48 on Nov. 5. Though the bears attempted to sink the pair on Nov. 6, it found support at the moving averages and rallied back up.

XRP/USD

Today, the XRP/USD pair is again facing resistance at $0.55. If the bulls can defend the moving averages and push the price above this overhead resistance, a rally to $0.62 is probable. Partial profits can be booked at this level and the rest of the position can be held with a close stop loss, because above $0.62, a rally to $0.7644 is likely.

The upward sloping moving averages and the RSI close to the overbought territory shows that the short-term trend is bullish. If the virtual currency slides below the moving averages, it will invalidate our bullish view. Therefore, traders can keep an initial stop loss of $0.425.

BCH/USD

In the past seven days, Bitcoin Cash has risen about 55 percent, which is a bullish sign. It is currently knocking on the overhead resistance of $660.0753, from where it had rebounded in early September.

BCH/USD

It is difficult to predict the reaction of the BCH/USD pair following the fork. Therefore, traders can book partial profits at the current levels and hold the rest with a suitable stop loss.

If the bulls push the price above $660.0753, the digital currency can rally to $850. Therefore, we are not suggesting to close the entire position. The 20-day EMA has turned up, which is a positive sign.

As the RSI has reached the overbought territory, the virtual currency can consolidate for a couple of days. Our bullish view will be invalidated if the bears sink the price below $400.

EOS/USD

EOS has climbed close to the top of the tight range. The bulls have failed to break out of this range since Sept. 24, so we expect a strong defense of this level.

EOS/USD

A breakout can propel the EOS/USD pair to $6.8299, above which it is likely to pick up momentum and rally to $9.1668, and further to $11.4. Therefore, traders who are long can keep their protective stops at $4.9, just below the support of the tight range.

If the bulls fail to break out of the range, the pair can slide to the bottom of the range at $5, below which a fall to $4.493 is possible.

XLM/USD

Stellar has broken out of the downtrend line of the descending triangle with force, which is a bullish sign. With the latest move, it has invalidated the bearish pattern. Though it did not trigger our buy suggested in the previous analysis, it has sustained above the downtrend line for two days.

XLM/USD

Therefore, we advocate initiating long positions on a breakout above $0.275. The target objective is a rally to $0.36. If the bears defend the overhead resistance at $0.304, traders can either trail the stops higher or close the positions.

Our bullish view will be invalidated if the XLM/USD pair turns down from the current levels and breaks down of the moving averages. The initial stops can be kept at $0.2, which can be raised quickly, depending on the price action.

LTC/USD

As forecast in our previous analysis, the bears are defending the zone between the 50-day SMA and the downtrend line. Therefore, we had recommended booking partial profits when  Litecoin approaches the downtrend line.

LTC/USD

We have not proposed booking complete profits because a break out of the downtrend line can result in a rally to $69.279. Therefore, traders who have booked partial profits can trail the stops on the remaining position to $50.

We anticipate the 20-day EMA to offer a strong support on any dip from the current levels. Both moving averages are flat, which points to a continuation of the consolidation. The LTC/USD pair will resume its downtrend if it dips below $47.246.

ADA/USD

Cardano broke below the symmetrical triangle on Oct. 29, but the bears could not break the support at $0.068989. This led to a pullback that has now carried the virtual currency to the resistance line of the symmetrical triangle.

ADA/USD

The bulls are currently facing resistance at $0.082207, above which a rally to $0.094256 is probable. On the other hand, if the ADA/USD pair struggles to break out of the immediate resistance, it will slip back and remain stuck in the range of $0.068989–$0.082207.

We couldn’t find any reliable buy setups at the current levels; hence, we remain neutral on the pair. We shall suggest a long position if we see buyers return.

XMR/USD

Though Monero has held above $112.44 for the past three days, it has failed to pick up momentum. This shows a lack of demand at higher levels.

XMR/USD

Previously, from Sept. 25 to Oct. 10, the bulls could not build up momentum, resulting in a fall to the bottom of the tight range.

If the bears sink the XMR/USD pair below the moving averages, it will re-enter the tight range between $100.453 and $112.44 once again. We couldn’t find a reliable buy setup at the current levels, so we are not suggesting any trades.

TRX/USD

TRON continues to trade inside the range with a mild positive bias. The price has risen above both moving averages, but is struggling to find buyers at higher levels.

TRX/USD

As long as the TRX/USD pair remains in a range, we expect random movements that are difficult to trade. It will make a decisive move either on a breakout or break down from the range.

A rally above the Oct. 15 intraday highs is likely to push the price towards $0.04158193. However, on two occasions, the bulls had broken out of the overhead resistance but failed to sustain the prices above it. Therefore, traders should wait for the digital currency to close (UTC time frame) above $0.03 before initiating long positions. The trend will turn negative if the bears sink the price below $0.0183.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

Go to Source
Author: Rakesh Upadhyay

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 7

While institutional players more often recognize crypto as a new asset class, it still faces challenges. Once indecision resolves, we are likely to see a number of buyers jump in.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Market data is provided by the HitBTC exchange.

The sharp drop in Bitcoin’s volatility at a time when the volatility in the U.S. stock markets soared is a sign that cryptocurrencies have decoupled from equity markets. It has emerged as an independent asset class, buoyed by fundamentals.

A recent report by Morgan Stanley bank also underlines the emergence of Bitcoin and altcoins as “a new institutional investment class.” However, any new asset has to face numerous hurdles in the beginning. Cryptocurrencies are currently going through the phase of denial, before they reach acceptance.

As soon as this indecision resolves, we are likely to see a number of buyers, who are currently sitting on the sidelines, jump in. Galaxy Digital CEO Michael Novogratz believes that 2019 will be an important year, predicting that Bitcoin will break $10,000 in Q1 and continue its journey northward to reach $20,000 or more by the end of the year.

While the larger players are focused on Bitcoin, there is a tussle between the top two altcoins for the second spot. Ripple recently surpassed Ethereum for a short period of time as the leading altcoin by market capitalization, before Ethereum reclaimed its position.

The cryptocurrency market seems to be slowly returning back to life. Let’s see which coins are likely to rally from current levels.

BTC/USD

Bitcoin is trying to sustain above the moving averages. On a close above $6,654.51, it can rally to $6,831.99. The price has turned down three times from this resistance, so this is a key level to watch on the upside. A break out of this can propel the cryptocurrency to $7,400. The moving averages are flat, which shows a balance between the bulls and the bears.

BTC/USD

A failure to break out of $6,831.99 will extend the stay inside the range. On the downside, $6,200 has been acting as a strong support. If this level breaks, a retest of the critical support zone at $5,900–$6,075.04 is probable.

The BTC/USD pair will become negative on a break down of $5,900. The lower supports are at $5,450 and $5,000. Therefore, traders holding long positions can keep their stops at $5,900.

ETH/USD

Ethereum has risen above the moving averages. It should now attempt to gradually move up to $249.93.

ETH/USD

First signs of a trend reversal will be when the ETH/USD pair sustains above the range. Such a move could carry it to $300, and further to $322. Therefore, traders can wait for a close (UTC time frame) above $249.93 and buy with a suitable stop loss.

If the bears defend the overhead resistance, the digital currency will continue to trade inside the range for the next few days. The downtrend will resume on a breakdown below $188.35 and $167.32.

XRP/USD

Ripple triggered our buy proposed on Oct. 31 when it closed (UTC time frame) above $0.48 on Nov. 5. Though the bears attempted to sink the pair on Nov. 6, it found support at the moving averages and rallied back up.

XRP/USD

Today, the XRP/USD pair is again facing resistance at $0.55. If the bulls can defend the moving averages and push the price above this overhead resistance, a rally to $0.62 is probable. Partial profits can be booked at this level and the rest of the position can be held with a close stop loss, because above $0.62, a rally to $0.7644 is likely.

The upward sloping moving averages and the RSI close to the overbought territory shows that the short-term trend is bullish. If the virtual currency slides below the moving averages, it will invalidate our bullish view. Therefore, traders can keep an initial stop loss of $0.425.

BCH/USD

In the past seven days, Bitcoin Cash has risen about 55 percent, which is a bullish sign. It is currently knocking on the overhead resistance of $660.0753, from where it had rebounded in early September.

BCH/USD

It is difficult to predict the reaction of the BCH/USD pair following the fork. Therefore, traders can book partial profits at the current levels and hold the rest with a suitable stop loss.

If the bulls push the price above $660.0753, the digital currency can rally to $850. Therefore, we are not suggesting to close the entire position. The 20-day EMA has turned up, which is a positive sign.

As the RSI has reached the overbought territory, the virtual currency can consolidate for a couple of days. Our bullish view will be invalidated if the bears sink the price below $400.

EOS/USD

EOS has climbed close to the top of the tight range. The bulls have failed to break out of this range since Sept. 24, so we expect a strong defense of this level.

EOS/USD

A breakout can propel the EOS/USD pair to $6.8299, above which it is likely to pick up momentum and rally to $9.1668, and further to $11.4. Therefore, traders who are long can keep their protective stops at $4.9, just below the support of the tight range.

If the bulls fail to break out of the range, the pair can slide to the bottom of the range at $5, below which a fall to $4.493 is possible.

XLM/USD

Stellar has broken out of the downtrend line of the descending triangle with force, which is a bullish sign. With the latest move, it has invalidated the bearish pattern. Though it did not trigger our buy suggested in the previous analysis, it has sustained above the downtrend line for two days.

XLM/USD

Therefore, we advocate initiating long positions on a breakout above $0.275. The target objective is a rally to $0.36. If the bears defend the overhead resistance at $0.304, traders can either trail the stops higher or close the positions.

Our bullish view will be invalidated if the XLM/USD pair turns down from the current levels and breaks down of the moving averages. The initial stops can be kept at $0.2, which can be raised quickly, depending on the price action.

LTC/USD

As forecast in our previous analysis, the bears are defending the zone between the 50-day SMA and the downtrend line. Therefore, we had recommended booking partial profits when  Litecoin approaches the downtrend line.

LTC/USD

We have not proposed booking complete profits because a break out of the downtrend line can result in a rally to $69.279. Therefore, traders who have booked partial profits can trail the stops on the remaining position to $50.

We anticipate the 20-day EMA to offer a strong support on any dip from the current levels. Both moving averages are flat, which points to a continuation of the consolidation. The LTC/USD pair will resume its downtrend if it dips below $47.246.

ADA/USD

Cardano broke below the symmetrical triangle on Oct. 29, but the bears could not break the support at $0.068989. This led to a pullback that has now carried the virtual currency to the resistance line of the symmetrical triangle.

ADA/USD

The bulls are currently facing resistance at $0.082207, above which a rally to $0.094256 is probable. On the other hand, if the ADA/USD pair struggles to break out of the immediate resistance, it will slip back and remain stuck in the range of $0.068989–$0.082207.

We couldn’t find any reliable buy setups at the current levels; hence, we remain neutral on the pair. We shall suggest a long position if we see buyers return.

XMR/USD

Though Monero has held above $112.44 for the past three days, it has failed to pick up momentum. This shows a lack of demand at higher levels.

XMR/USD

Previously, from Sept. 25 to Oct. 10, the bulls could not build up momentum, resulting in a fall to the bottom of the tight range.

If the bears sink the XMR/USD pair below the moving averages, it will re-enter the tight range between $100.453 and $112.44 once again. We couldn’t find a reliable buy setup at the current levels, so we are not suggesting any trades.

TRX/USD

TRON continues to trade inside the range with a mild positive bias. The price has risen above both moving averages, but is struggling to find buyers at higher levels.

TRX/USD

As long as the TRX/USD pair remains in a range, we expect random movements that are difficult to trade. It will make a decisive move either on a breakout or break down from the range.

A rally above the Oct. 15 intraday highs is likely to push the price towards $0.04158193. However, on two occasions, the bulls had broken out of the overhead resistance but failed to sustain the prices above it. Therefore, traders should wait for the digital currency to close (UTC time frame) above $0.03 before initiating long positions. The trend will turn negative if the bears sink the price below $0.0183.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

Bitcoin Mining Market Still Strong as Shown by Bitfury’s $1 Billion Valuation

This week, Bitcoin mining equipment manufacturer and blockchain software firm Bitfury secured a valuation of $1 billion from billionaire investor Mike Novogratz and Korelya Capital’s $80 million investment in the firm. The multi-million dollar funding round comes after the release of Bitfury Clarke, the firm’s new Bitcoin ASIC miner, designed to compete against Bitmain’s new equipment,

The post Bitcoin Mining Market Still Strong as Shown by Bitfury’s $1 Billion Valuation appeared first on CCN

Bitcoin Cash Community Introduced to New BCH Library Written in Rust

Bitcoin Cash Community Introduced to a New BCH Library Written in Rust

On Nov. 5, the software developer Brenton Gunning announced to the Bitcoin Cash (BCH) community that he’d developed a BCH library written in the programming language Rust. The new library allows developers the ability to work on BCH applications and platforms written in the Rust coding environment.

Also read: Discussions Intensify as BCH Fork Approaches

Rust-BCH 0.1.0: A Bitcoin Cash Library Written in the Rust Programming Environment

Bitcoin Cash Community Introduced to New BCH Library Written in Rust
Rust is a popular programming language designed in 2006 by Mozilla employee Graydon Hoare.

The Bitcoin Cash community has been introduced to another BCH library written in a different coding language. The systems programming environment Rust is a syntax similar to C++ code and was originally developed by Graydon Hoare. Gunning’s project, called Rust-BCH 0.1.0, is a library that contains protocol messages, address generation, support for mainnet and testnet, transaction signing, script evaluation, wallet key derivation and more.

“Today I’m releasing Rust-BCH 0.1.0, a new library to build applications on Bitcoin Cash in Rust,” explains Gunning on the Reddit forum r/btc. “All the existing Rust libraries were lacking for me in one way or another — You can use it to build a wallet, or a node, do chain analysis, and anything really — I use Rust-BCH myself for projects so I’ve also benefited from others’ contributions and this is me giving back.”

Bitcoin Cash Community Introduced to New BCH Library Written in Rust
Brenton Gunning’s Rust-BCH 0.1.0 library on Github.

The Variety of Bitcoin Cash Implementations Continues to Grow

Gunning believes that Rust is an appreciable programming language that to him is “fast and low-level, but also very safe and predictable.” The developer explained during the announcement that he thinks Rust is a “great fit” for BCH applications and hopes to see more programmers use the coding language. The Rust-BCH Github repository explains that the project has no ties to the Rust-Bitcoin protocol but the library can do everything it can and more. Gunning’s repository also explains that there are other BCH projects like Parity and Bitcrust that use the Rust language and he believes “the two projects could be used together.” In addition to the library, Gunning has published the Rust-BCH documentation with examples.

Bitcoin Cash Community Introduced to New BCH Library Written in Rust
Before Gunning published the Rust-BCH 0.1.0 library, the Bitcoin Cash ecosystem already had the Rust implementations Bitcrust, and Parity’s Bitcoin Cash client. 

The Bitcoin Cash network has seen a bunch of libraries and full node projects written in multiple languages launched recently. Clients such as Bitcoin ABC, Unlimited, and SV are written in the C programming language Satoshi used when releasing the original client. Then there is the Bcoin client, a full node and library for Bitcoin Cash built with Javascript/NodeJS. Further, news.Bitcoin.com recently reported on the two libraries written in the Golang coding environment and Yenom developers have been working on an iOS compatible Swift implementation of the BCH protocol.

Gunning does detail he has shown support to the Bitcoin SV ruleset and included it within his library. However, the developer stated on Reddit that he is prepared to support other outcomes and is willing to “see how the fork goes.” The BCH community on Reddit was pleased to see another BCH implementation and Gunning’s announcement was a popular post on the r/btc subreddit. Gunning concluded during his announcement that he would love to see some feedback and contributions to the Rust-BCH 0.1.0 library.

What do you think about the Rust-BCH 0.1.0 library and all the other implementations written in various programming languages? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Pixabay, and the Rust-BCH 0.1.0 repository. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Bitcoin Cash Community Introduced to New BCH Library Written in Rust appeared first on Bitcoin News.

Go to Source
Author: Jamie Redman

Bitcoin Cash Community Introduced to New BCH Library Written in Rust

Bitcoin Cash Community Introduced to a New BCH Library Written in Rust

On Nov. 5, the software developer Brenton Gunning announced to the Bitcoin Cash (BCH) community that he’d developed a BCH library written in the programming language Rust. The new library allows developers the ability to work on BCH applications and platforms written in the Rust coding environment.

Also read: Discussions Intensify as BCH Fork Approaches

Rust-BCH 0.1.0: A Bitcoin Cash Library Written in the Rust Programming Environment

Bitcoin Cash Community Introduced to New BCH Library Written in Rust
Rust is a popular programming language designed in 2006 by Mozilla employee Graydon Hoare.

The Bitcoin Cash community has been introduced to another BCH library written in a different coding language. The systems programming environment Rust is a syntax similar to C++ code and was originally developed by Graydon Hoare. Gunning’s project, called Rust-BCH 0.1.0, is a library that contains protocol messages, address generation, support for mainnet and testnet, transaction signing, script evaluation, wallet key derivation and more.

“Today I’m releasing Rust-BCH 0.1.0, a new library to build applications on Bitcoin Cash in Rust,” explains Gunning on the Reddit forum r/btc. “All the existing Rust libraries were lacking for me in one way or another — You can use it to build a wallet, or a node, do chain analysis, and anything really — I use Rust-BCH myself for projects so I’ve also benefited from others’ contributions and this is me giving back.”

Bitcoin Cash Community Introduced to New BCH Library Written in Rust
Brenton Gunning’s Rust-BCH 0.1.0 library on Github.

The Variety of Bitcoin Cash Implementations Continues to Grow

Gunning believes that Rust is an appreciable programming language that to him is “fast and low-level, but also very safe and predictable.” The developer explained during the announcement that he thinks Rust is a “great fit” for BCH applications and hopes to see more programmers use the coding language. The Rust-BCH Github repository explains that the project has no ties to the Rust-Bitcoin protocol but the library can do everything it can and more. Gunning’s repository also explains that there are other BCH projects like Parity and Bitcrust that use the Rust language and he believes “the two projects could be used together.” In addition to the library, Gunning has published the Rust-BCH documentation with examples.

Bitcoin Cash Community Introduced to New BCH Library Written in Rust
Before Gunning published the Rust-BCH 0.1.0 library, the Bitcoin Cash ecosystem already had the Rust implementations Bitcrust, and Parity’s Bitcoin Cash client. 

The Bitcoin Cash network has seen a bunch of libraries and full node projects written in multiple languages launched recently. Clients such as Bitcoin ABC, Unlimited, and SV are written in the C programming language Satoshi used when releasing the original client. Then there is the Bcoin client, a full node and library for Bitcoin Cash built with Javascript/NodeJS. Further, news.Bitcoin.com recently reported on the two libraries written in the Golang coding environment and Yenom developers have been working on an iOS compatible Swift implementation of the BCH protocol.

Gunning does detail he has shown support to the Bitcoin SV ruleset and included it within his library. However, the developer stated on Reddit that he is prepared to support other outcomes and is willing to “see how the fork goes.” The BCH community on Reddit was pleased to see another BCH implementation and Gunning’s announcement was a popular post on the r/btc subreddit. Gunning concluded during his announcement that he would love to see some feedback and contributions to the Rust-BCH 0.1.0 library.

What do you think about the Rust-BCH 0.1.0 library and all the other implementations written in various programming languages? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Pixabay, and the Rust-BCH 0.1.0 repository. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Bitcoin Cash Community Introduced to New BCH Library Written in Rust appeared first on Bitcoin News.

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Bitcoin Cash Community Introduced to New BCH Library Written in Rust

Bitcoin Cash Community Introduced to a New BCH Library Written in Rust

On Nov. 5, the software developer Brenton Gunning announced to the Bitcoin Cash (BCH) community that he’d developed a BCH library written in the programming language Rust. The new library allows developers the ability to work on BCH applications and platforms written in the Rust coding environment.

Also read: Discussions Intensify as BCH Fork Approaches

Rust-BCH 0.1.0: A Bitcoin Cash Library Written in the Rust Programming Environment

Bitcoin Cash Community Introduced to New BCH Library Written in Rust
Rust is a popular programming language designed in 2006 by Mozilla employee Graydon Hoare.

The Bitcoin Cash community has been introduced to another BCH library written in a different coding language. The systems programming environment Rust is a syntax similar to C++ code and was originally developed by Graydon Hoare. Gunning’s project, called Rust-BCH 0.1.0, is a library that contains protocol messages, address generation, support for mainnet and testnet, transaction signing, script evaluation, wallet key derivation and more.

“Today I’m releasing Rust-BCH 0.1.0, a new library to build applications on Bitcoin Cash in Rust,” explains Gunning on the Reddit forum r/btc. “All the existing Rust libraries were lacking for me in one way or another — You can use it to build a wallet, or a node, do chain analysis, and anything really — I use Rust-BCH myself for projects so I’ve also benefited from others’ contributions and this is me giving back.”

Bitcoin Cash Community Introduced to New BCH Library Written in Rust
Brenton Gunning’s Rust-BCH 0.1.0 library on Github.

The Variety of Bitcoin Cash Implementations Continues to Grow

Gunning believes that Rust is an appreciable programming language that to him is “fast and low-level, but also very safe and predictable.” The developer explained during the announcement that he thinks Rust is a “great fit” for BCH applications and hopes to see more programmers use the coding language. The Rust-BCH Github repository explains that the project has no ties to the Rust-Bitcoin protocol but the library can do everything it can and more. Gunning’s repository also explains that there are other BCH projects like Parity and Bitcrust that use the Rust language and he believes “the two projects could be used together.” In addition to the library, Gunning has published the Rust-BCH documentation with examples.

Bitcoin Cash Community Introduced to New BCH Library Written in Rust
Before Gunning published the Rust-BCH 0.1.0 library, the Bitcoin Cash ecosystem already had the Rust implementations Bitcrust, and Parity’s Bitcoin Cash client. 

The Bitcoin Cash network has seen a bunch of libraries and full node projects written in multiple languages launched recently. Clients such as Bitcoin ABC, Unlimited, and SV are written in the C programming language Satoshi used when releasing the original client. Then there is the Bcoin client, a full node and library for Bitcoin Cash built with Javascript/NodeJS. Further, news.Bitcoin.com recently reported on the two libraries written in the Golang coding environment and Yenom developers have been working on an iOS compatible Swift implementation of the BCH protocol.

Gunning does detail he has shown support to the Bitcoin SV ruleset and included it within his library. However, the developer stated on Reddit that he is prepared to support other outcomes and is willing to “see how the fork goes.” The BCH community on Reddit was pleased to see another BCH implementation and Gunning’s announcement was a popular post on the r/btc subreddit. Gunning concluded during his announcement that he would love to see some feedback and contributions to the Rust-BCH 0.1.0 library.

What do you think about the Rust-BCH 0.1.0 library and all the other implementations written in various programming languages? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, Pixabay, and the Rust-BCH 0.1.0 repository. 


At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Bitcoin Cash Community Introduced to New BCH Library Written in Rust appeared first on Bitcoin News.

US Software Company Salesforce Wins Patent for Blockchain Anti-Spam Solution

U.S. company Salesforce, which operates a cloud-based mailing platform, has patented a blockchain solution to distinguish between spam and regular emails.

U.S. software company Salesforce has won a patent to detect spam emails using blockchain technology. The patent filing was published on the U.S. Patent and Trademark Office (USPTO) website Tuesday, Nov. 4.

Salesforce, which offer its customers is a cloud-based mailing platform, patented a solution that allows for the detection of whether an initial email was modified while being sent. In addition, the blockchain-driven program could help improve the existing filters that often fail to distinguish between spam and regular emails, such as promo letters.

As explained in the technical part of the document, to assure the authenticity of the message, the first email message server will record a selected component of the current message into a block to get other nodes’ approval. When the second server receives the message, it checks the blockchain record to find out whether the data has been replaced. If the two messages match, the email is marked as wanted. If the content has been altered,  the mail goes to the spam folder.

Although the patent specifically addresses the mailing platform solution, Salesforce notes that blockchain can also solve issues with the authenticity of medical records, educational transcripts, deeds, property rights, and legal documents.

As Cointelegraph previously wrote, email management platform Credo is also trying to tackle spam using blockchain. A 10 percent share of the project that plans to use tokens to verify letters was acquired by Bitcoin investor Tim Draper back in 2017.

Other U.S. companies have been actively filing patents for various blockchain solutions. International Business Machines Corporation, or IBM, is ranked as one of the biggest providers of blockchain-related patent technologies. IBM has filed a total of 89 blockchain patent by Aug. 31, beaten only by Chinese giant Alibaba with 90 patent applications.

The most recent patent that IBM has filed is set to maintain safe boundaries between augmented reality (AR) objects in video games and real-world physical locations. According to the document, a blockchain-powered location database would allow mobile devices to obtain a signal about whether a certain location on AR is undesirable.

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Author: Ana Berman

Everest Announces Partnership with Indonesian Government to Help Track Payouts

Everest co-founder Bob Reid says his company is working with the Indonesian government on a landmark project that will allow them to biometrically track and issue energy subsidies.

Speaking to EAK TV, Reid said the Indonesian government currently distributes $7 billion to 50 million people, but they cannot verify that a massive $1.3 billion has been properly distributed.

He believes integrating identity with the blockchain will help governments distribute resources more fairly and offer everyone more transparency. He said:

“You have a foundational element, which is identity, and from there you can take people to the middle ages of an economy to a 21st-century economy very quickly.’

Launched in 2017, Everest is trying to put identity on the blockchain to bring scalable tech innovations to billions of under-served users. Using Everest’s EverID and Ever Wallet blockchain solution the Indonesian government will be able to cryptographically and biometrically ensure all of the money that is distributed goes to the right person, down to every individual, helping the government save $1.3 billion in lost payments.

Being one of the few blockchain projects to sign deals with a government sets the Everest venture apart. Reid believes working with NGOs and governments to solve real problems is helping the team produce value beyond the hype that currently surrounds blockchain startups.

“Across the board we’ve been finding everyone really open to it,” he said. “The majority of central governments care about their people. We’re seeing a lot of people who are saying this is a great way to service our population. Even the Colombian President said blockchain is a great example of how to help people and reduce corruption.”

Everest may be a small team with just 12 employees, but they hope to expand quickly to serve other governments across the world.

Reid said Malta was one of only a handful of jurisdictions, including Singapore and Switzerland, that are creating a legitimate framework for digital assets and innovative entrepreneurs.

Everest now plans to launch a remittance program in the first quarter of next year.

The post Everest Announces Partnership with Indonesian Government to Help Track Payouts appeared first on CryptoSlate.

What Makes Neo’s nOS so Unique?

neo nOS

Cryptocurrency ecosystems need to keep growing and evolving moving forward. In the case of NEO, it seems things are heading in the right direction. A new client for a spin on decentralized internet access has been released to the public. nOS, a project positioning itself as the virtual OS for the decentralized internet, is of great interest as of right now.

The nOS Concept Explained

Positioning oneself as the virtual operating system for the decentralized internet is quite a label to live up to. In the case of nOS, the team is confident they can make things happen in this regard. It will serve many different purposes moving forward, especially because a decentralized internet is very difficult to achieve in this day and age.

What is it all About?

There are many different aspects pertaining to nOS which need to be highlighted. First of all, the application serves as a client to access the open internet. A native open internet browser will be built for this specific purpose, and a native “nos://” protocol will be created to support the dApps making use of this native technology.

Second, the nOS platform will provide users with a user-friendly dApp Gateway. As has become apparent through other projects, accessing native distributed applications without a convenient interface can be quite problematic first and foremost. With nOS, that should be less of a problem, which is a positive sign for the NEO dApp ecosystem as a whole.

As one would come to come to expect, nOS would not be complete without wallet or exchange features. This ecosystem will offer both, as a native wallet tab will let users send and receive assets in a convenient manner. The client is also powered by NEX to let users trade cryptocurrencies and other digital assets from the nOS client directly.

The Road Ahead

As is always the case with innovative ideas, it will take a while until they come to fruition. For nOS, a lot of work lies ahead, as the team also plans to build a decentralized filesystem and natively support smart contract technology. A lot of the cornerstones for this technology exist already, but integrating it into this entirely new nOS Protocol may prove challenging first and foremost.

The post What Makes Neo’s nOS so Unique? appeared first on NullTX.

Cryptocurrency Markets Find Stability as US Elects Multiple Pro-Crypto Politicians

The cryptocurrency markets have found stability following a period of large gains, with Bitcoin trading steadily in the $6,500 region and altcoins trading sideways. The stability comes after an important mid-term election cycle in the United States, in which multiple pro-crypto and pro-blockchain politicians were elected into public offices.

At the time of writing, Bitcoin is trading at approximately $6,520, up just over 1% over a 24-hour trading period. Bitcoin is still trading in the middle of its long-established trading range, which has proven on multiple occasions to be between $6,200 and $6,700.

Bitcoin fell into this aforementioned range in early September, following its gradual move to $7,400 and its sharp drop to $6,200. Since then, BTC has bounced between the top and bottom of this range, only briefly breaking through it in mid-October when its price temporarily went above $6,800 before falling back into the range.

Over the past couple of weeks, Bitcoin’s price action has further affirmed that this is in fact a powerful trading range, as its price rebounded quickly after it dipped into the $6,200 region in late-October.

Altcoins Profit Immensely from Bitcoin’s Stability

Although this type of low volatility is a new thing for many cryptocurrency investors who are used to seeing massive swings, it has proven to be advantageous for many altcoins that have posted massive gains over the past week.

XRP is one such altcoin that has had a very successful week, currently trading up 20% from its weekly lows of $0.446. XRP posted the majority of its gains in the past couple of days, sharply rising from $0.464 on November 5th to highs of $0.557 on November 6th. It has since stabilized at its current price of $0.53.

Bitcoin Cash (BCH) is another altcoin that has had a good week, trading up nearly 50% at $620 from its weekly lows of $420. BCH’s massive price rise, which first began on November 2nd, is the result from an upcoming hard fork event, which is scheduled to occur on November 15th.

Mid-Term Elections Positive for Cryptocurrency Markets

Another factor that could contribute to the stability of the cryptocurrency markets is the results of yesterday’s mid-term elections, in which multiple pro-cryptocurrency and pro-blockchain politicians were voted into public office.

Jared Polis (Democrat) was one such politician who was elected to serve as the Governor of Colorado. In the past, Polis has expressed his interest in cryptocurrencies, and has gone as far to state that he would ardently defend Bitcoin during his tenure as a U.S. Representative in Congress.

Another example of a pro-crypto politician that won a major mid-term election was Gavin Newsom (Democrat), who was elected to serve as the Governor of California. Newsom was one of the first politicians to accept Bitcoin donations for his campaign in 2014 and has notably said that he supports the progression of technology.

It is unclear what impact these politicians will have on the adoption of cryptocurrencies as both technologies and means of payment.

Featured image from Shutterstock.

The post Cryptocurrency Markets Find Stability as US Elects Multiple Pro-Crypto Politicians appeared first on NewsBTC.

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Author: Cole Petersen