Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.
BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.
Source: TradingView
Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

.@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019.
Please see the below link for further details on the actions that will occur along with the planned timings for them to do so.
— Binance DEX (@Binance_DEX) April 18, 2019

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.
In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:
“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”
A Twitter user, @carlitosblvd123, commented:
“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”
@jigneshon, another Twitter user commented:
“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. ”
The post Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern appeared first on AMBCrypto.
Source: AMB Crypto

Will Craig Wright’s newly presented proof hold up in court and prove that he is creator of Bitcoin?

Craig Wright’s claim of him being Satoshi Nakamoto has been widely rejected by a lot of prominent people in the cryptocurrency space. However, Wright has been relentless in his quest to prove that he is the creator of Bitcoin, enough to even file “harassment and libel” lawsuits that claim he is Satoshi Nakamoto.
Even before lawsuits, Wright’s proofs weren’t credible enough to prove that he was the creator of Bitcoin. The blogs that he had published were allegedly fraudulent as reported by WikiLeaks. In addition, prominent personalities in the ecosystem like Vitalik Buterin, Changpeng Zhao, Mathew Green, Jerry Brito, etc, all believe that Craig Wright is not Satoshi Nakamoto.
The Recurring Scenario
Craig Wright’s claims started in 2015 and the community rejected his claim to being Satoshi Nakamoto multiple times, however, this has erupted again due to Wright’s lawsuits that are being sent various people in the crypto community. The “harassment and libel” lawsuits of Wright rests on him being able to provide strong proof that he is Satoshi Nakamoto.
Ways Wright can prove his claims
Craig Wright has multiple ways to prove that he is Satoshi Nakamoto and if he ever decided to do that, the whole argument would be put to rest. Some popular fool-proof ways he can stand by his statements which even cryptographers have agreed upon are:

Signing with his private keys and moving some of the funds in the first few blocks.
Wright could sign messages with the keys from dozens of the first bitcoin blocks.
Using PGP Keys that belonged to Nakamoto to sign messages
Combining the above-mentioned ways to prove to further solidify his claims.

The Road So Far
One of the exhibits submitted by Wright, i.e., an email from Uyen Nguyen to Dave Kleiman, faced flak on social media, as many on crypto Twitter like Dr. Funkenstein suggested that it was “forged”.
Subsequently, on April 18, a document of Wright requesting the exhibit [above-mentioned] to be withdrawn appears.  The document stated:
“Dr. Wright withdraws the exhibit because he cannot verify the date of that email exchange. Dr. Wright is not withdrawing the motion and maintains that this Court lacks subject-matter jurisdiction over this action.”
New Evidence?
Wright might have seen this coming, or not, but he has another plan in motion, which was disclosed in his recent blog. According to the blog, Wright discredited the above-mentioned methods; he stated:
“The important thing to understand is: law is law. Code (programs and algorithms) in any form is merely evidence… You see, ownership of the key is not proof of anything other than the possession of a key. The call to have a precedent based or derived on or from a key signing is dangerous to say the least, and any competent judge would not base law on such basis.”
In addition, the blog stated that Wright claimed that he co-owned the domain and that he paid from his credit card to do so. It is a well-known fact that the domain was co-owned by “Satoshi Nakamoto” and “Sirius, a.k.a. Martti Malmi”. The ownership of which, according to, was later transferred to others to maintain decentralization of the ownership.
According to Wright’s blog, he paid with his credit card for the blog which was purchased in 2008/2009, the year that Satoshi Nakamoto owned it. Wright’s blog stated:
“Bitcoin was birthed using a credit card payment… You see, a domain purchase in August 2008 is within the Australian tax year, but I was audited, which ended up going to court… What you don’t realise yet is that I used my credit card. Yes, as crazy as it might seem to you, I used my credit card to purchase anonymous services.”
Source: Medium | Craig Wright
He also posted a picture of owning the domain, which was rejected by a lot of people, on the grounds of “misleading” the readers.
The Plight Ahead
Wright’s blog outlines that he will use the domain ownership as evidence to prove his claims. Although the nature of this “evidence” seems less likely to hold up in the court of law, Wright clearly stated in his blog:
“Argue all you want about the nature of evidence, but there is one simple point I can categorically prove: The source of the funds that went to pay for the domain registration on derived from my credit card. More importantly, the same records remain current and valid.”
Even if Wright’s claims about the ownership of the domain is true and holds up in the court, it would still not convince the crypto community and cryptographers around the world that he is the creator of Bitcoin.
The post Will Craig Wright’s newly presented proof hold up in court and prove that he is creator of Bitcoin? appeared first on AMBCrypto.
Source: AMB Crypto

Will McAfee Disclose Nakamoto’s Identity? Crypto Will Suffer If He Did

In a series of intriguing tweets, John McAfee dropped a bombshell yesterday by claiming knowledge of Satoshi Nakamoto’s identity. McAfee intends to end speculation on Nakamoto’s identity once and for all, which he feels is necessary for the crypto space to move forward. He goes on to say he will divulge information until Nakamoto comes forward. Failing that, McAfee himself will disclose Nakamoto’s identity.

The "Who is Satoshi?" Mystery must end! First: It is NOT the CIA nor any agency of any world government. It IS a collection of people, but the white paper was written by one man, who currentky resides in the US. If he does not come forward these narrowings will continue.
— John McAfee (@officialmcafee) April 17, 2019

Satoshi Nakamoto
John McAfee’s outing of Satoshi Nakamoto has reignited speculation on crypto’s greatest mystery. At present, the only widely known report pertains to him being an unknown person, or group, who developed Bitcoin. According to a profile on P2P Foundation, which is an organization studying peer-to-peer technology, Nakamoto claims to be a Japanese resident born on the 5th April 1975.
However, given his perfect English, with the use of colloquialisms, some speculate he is not Japanese. Or in the very least, a member of his team originates from the British Commonwealth.
Following the timeline of his last known actions, he continued to contribute to the coding of Bitcoin until mid-2010. It was then Gavin Andresen received control of the source code repository and network alert key. After that, Nakamoto’s involvement with Bitcoin ended.
The mysterious circumstances of his sudden disappearance have only added to Bitcoin’s allegorical notoriety. But, this hasn’t stopped speculation on several names including Nick Szabo, Craig Wright, Dorian Nakamoto, and Hal Finney. With some even claiming Bitcoin is a US Intelligence project.
John McAfee
According to McAfee, the secret of who Nakamoto is perpetuates a pointless exercise. To which, the entire crypto industry would benefit from knowing his identity. In one of his tweets, he said:
“I protected the identity of Satoshi. It’s time, though, that this be put to bed. Imposters claim to be him, we are spending time and energy in search of him – It’s a waste. Every day I will narrow down the identity of Satoshi until he reveals himself, or I reveal him.”
However, given McAfee’s past form for sensationalism, it’s fair to question whether he knows Nakamoto’s true identity. But, at the same time, McAfee’s cypherpunk credentials do stack up, giving plausibility to his claims. Especially so, considering his active involvement in the industry during Bitcoin’s formative years.
Nakamoto Wants Anonymity
Whether McAfee will out Nakamoto, or not, this much is clear, Nakamoto wishes to remain anonymous. According to Alex Lielacher, his motives for anonymity are based on safeguarding the Bitcoin project and allowing it to operate on its own merit. He wrote:
“it is arguable that he remained anonymous in order to avoid the possibility of him becoming the de facto leader of the system and, thereby, having people place their trust in him as the creator as opposed to the ledger. Moreover, any announcement by Satoshi would likely be regarded as investment advice by those who held the digital currency and may have resulted in price movements.”

What if Satoshi Nakamoto or the group wanted to remain anonymous for a good cause…???
— GCC JOEL (@kiwimalayale) April 17, 2019

Image courtesy of CoinSutra.
The post Will McAfee Disclose Nakamoto’s Identity? Crypto Will Suffer If He Did appeared first on NewsBTC.
Source: New

Enjin Coin [ENJ] Keeps Surging Over 10 Percent With Binance Adding New Trading Pair

Although today’s crypto market isn’t surprising enough, it shows mixed signal – while few major coins declined swiftly, there’s one coin that stood up higher. Enjin Coin or ENJ becomes the hottest crypto among top 50 coins on Coinmarketcap.
According to the data provided by Coinmarketcap, Enjin Coin has surged by 10.05% over the past 24 hours. The coin has presently entered the zone of 50 and sits at 49th spot in terms of market capitalizations. Nevertheless, it is very close to stepping up IOST and Bittorent coin in average trading volume – as it counts the trading volume of $150,275,084 against IOTA $152,815,591 and Bittorent $157,747,084 respectively.

Image Source – Coinmarketcap
Although the specific reason behind ENJ price surge is not immediately available, the reports are closely indicating rising value with Binance’s new pair listing. As such the coin is trading with major volume at Binance exchange in pairs of ENJ/BTC, ENJ/USDT, ENJ/ETH, and ENJ/BNB.

Image Source – Coinmarketcap
Apart from Binance, few other exchanges where ENJ is getting a trading boost are – Bithumb, Upbit, LATOKEN, Bittrex, and Upbit in trading pairs of ENJ with KRW, ETH, and BTC.
While we see Enjin coin is trading higher at largest cryptocurrency exchange, Binance, it is worth to note that the exchange on April 17, 2019, added a new pair to ENJ coin. As announced, Binance users can now trade ENJ with USDT on Binance exchange – in fact, ENJ/USDT is one of the top trading pairs tradings at Binance exchange.
Founded in 2009 as a blockchain based community gaming platform, Enjin coin on April 16, 2019, announced the launch of blockchain asset supports to its new Ethereum explorer, EnjinX.
What’s your stake on ENJ’s price surge? Let us know in the comment below 
The post Enjin Coin [ENJ] Keeps Surging Over 10 Percent With Binance Adding New Trading Pair appeared first on Coingape.
Source: CoinGape

Bitcoin in Accumulation Phase, But Inflation Rate Still High: Adament Capital Report

Adamant Capital published a report of their analysis of Bitcoin prices and sentiments since its inception in 2019. The report is titled “Bitcoin in Heavy Accumulation” and was released on 18th April 2019. It is a comprehensive approach that covers Technical Analysis on account of the bitcoins moved in addresses or bitcoin days. Furthermore, fundamentals have also been taken into consideration to judge market sentiments.
Moreover, the general tone of the report can be judged from the following quote in the report:
“Preparation for the principal movements in the market will often occupy several months.” Richard D. Wyckoff, 1910.
Technical Analysis of ‘No. Of Bitcoin Days’
Bitcoin Relative Unrealised Profit/Loss is a metric defined by Adamant Capital to estimate the gross loss/profit by the ‘average’ Bitcoin investor. This is calculated by taking out the average of total value moved in Bitcoin in USD (No. of Bitcoin Days); i.e., only Bitcoins which are moved are finally incurring profit/loss, the rest is ‘hodled.’ According to their report, the market sentiments have entered a hopeful phase which is most closely resembles the 2013-2014 cycles. Hence, the recent 20% gain can be expected to be doubled soon.
Market Sentiment Cycles (Unrealized profits/loss)
The analysis also included the ‘hodler’ characteristics over the timeline in Bitcoin (BTC). While the market sentiments fell incredibly during November 2018, the overall market seems to be in favor of buying Bitcoin.
Bitcoin Hodler Postition change (Adamant Capital)
Fundamental Analysis
The report outlined that while many institutional investors “got cold feet” during November 2018, the over market sentiments have increased with increased avenues for investment for institutional investors.
The reported included the fundamental progress made by institutional firms:
“Goldman Sach invested in crypto-custodian Bitgo… Planned for later in 2019 are Fidelity Digital Custody (soft launch), Nasdaq Bitcoin Futures, and cryptocurrency custody provided by Northern Trust”
Currently, the growth in Satoshi’s Vision of payment channels on top of Bitcoin implemented as the Bitcoin Lightning network is also under progress and has gained momentum.
However, the downside in the short-term is Bitcoin’s inflation rate at 3.7% annualized. The inflation in the US Dollar is currently 2%. Hence, as during a bear market, the miners sell more to pay electricity bills, it leads to price pressures. Nevertheless, the most recent miners make a profit above $3000. Hence, the accumulations could continue as well.
Hence, while the report confirmed that the market has entered an accumulation phase it could still take multiple routes in the short term which includes a double-up and a re-test of November lows. However, the reported said, “we strongly feel that Bitcoin is undervalued at these prices.”
The post Bitcoin in Accumulation Phase, But Inflation Rate Still High: Adament Capital Report appeared first on Coingape.
Source: CoinGape

Bitcoin SV’s Craig Wright withdraws email evidence submitted to court as he could not verify date of email exchange

Craig Wright, the self-proclaimed Satoshi Nakamoto, has been in the limelight for the past few days. Apart from the news surrounding a lawsuit over a defamation case, Wright also made headlines due to the news pertaining to the Dave Kleiman case.
Earlier this week, a Reddit user stated in a post that Wright “purposely” submitted a fake email as evidence to the court for the Kleiman -Wright lawsuit. The lawsuit alleges that Wright had stolen $1 million Bitcoin from Dave Kleiman after his death, and Wright was being sued for billions of dollars.
The Redditor had stated,
“Craig Wright’s fraud continues. Yesterday, he submitted into evidence an email he says was from Dave Kleiman to Uyen Nguyen asking her to be a director of his ‘bitcoin company’ in late 2012. It is provably fake. Craig didn’t realize that the email’s PGP signature includes a signing timestamp along with the ID of the key used as metadata.”
Source: Reddit
Apart from this, it was also pointed out that the spelling “Kleiman” was misspelled in the letter, as the from address spelled it “Klieman”. Now, according to a new court document, Wright has withdrawn this evidence by stating that he cannot verify the date of the email exchange.
The court letter said,
“Dr. Craig Wright respectfully notifies the Court that he withdraws Exhibit A to his Motion for Judgement on the Pleadings for Lack of Subject-Matter Jurisdiction […] Wright is not withdrawing the motion and maintains that this Court lacks subject-matter jurisdiction over this action”

Follow-up: LOL.
— Jameson Lopp (@lopp) April 18, 2019

The post Bitcoin SV’s Craig Wright withdraws email evidence submitted to court as he could not verify date of email exchange appeared first on AMBCrypto.
Source: AMB Crypto

ICE’s Bakkt Seeking for NYDFS in a Bid to Finally Get Regulatory Approval

ICE’s Bakkt Seeking for NYDFS in a Bid to Finally Get Regulatory Approval
Bakkt’s application with the NYDFS is seen as a possible gateway to get regulatory approval from the CFTC.
ICE’s Bakkt Seeking for NYDFS in a Bid to Finally Get Regulatory Approval

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance Chain’s first project Mithril to launch with MITH/USDT trading pair

Binance launched its blockchain protocol on April 18 and it already has its first project launch on its network. Mithril, a decentralized social media platform will migrate to Binance Chain. The company’s MITH token, that ranks 121st on CoinMarketCap will transfer from ERC20 to Binance’s BEP2 standard.
Binance Chain has been a highly anticipated project in the crypto world since its announcement and with its launch, the community provided ample support to the move. According to reports, Binance is luring companies into migrating to their new native chain and leave Ethereum.
According to Mithril’s blog post, the migration commenced after the mainnet launch of the Binance Chain and informed the MITH holders that the deposit and withdrawals on will be halted for the initial 12-hour migration period, however, trading will continue. The post added:
“Once the initial migration of ERC20-based MITH to BEP2 MITH is complete, Binance users will be able to withdraw MITH to BEP2 wallets, such as the Ledger Nano S, and begin trading on Binance DEX. ERC20 versions of MITH held in private ETH wallets or on other exchanges will not be impacted.”
As Mithril announced about its migration to Binance chain, the price of MITH, Mithril’s native coin saw a surge. The coin also saw a 70% hike,  followed by a market correction. At press time, MITH was valued at $0.0782 with a market cap of $40 million. The 24-hour trading volume of the coin was $108 million as it pumped by 67.10% over the past day. In the past seven days, the coin noted a surge of a massive 81.47%, which started to dip by 0.84% over the past hour.
Following the addition of the project, Binance announced the listing of MITH/USDT trading pair, which will start trading on April 19, 10 AM UTC.
The post Binance Chain’s first project Mithril to launch with MITH/USDT trading pair appeared first on AMBCrypto.
Source: AMB Crypto

Whales Are Scooping Up Bitcoin As Crypto Seemingly Bottoms, Report Shows

While traders and chartists have quipped back and forth about the short-term prospects of crypto assets— if Bitcoin (BTC) will rally past $5,500 or fall through $4,800 — some have taken a step back, addressing this market at large. A recent report doing just this, published by cryptocurrency fund Adamant Capital, revealed that there is a multitude of reasons to be bullish on BTC.
Adamant’s established partners, all veterans of this industry’s historical harrowing sell-offs, also opined that more likely than not, this cycle has bottomed out at last. Bulls, you can rejoice at last!
Related Reading: Analyst: Bottomed Bitcoin Will Rally To $8,000, Not Collapse To $3,000
Crypto In The Midst Of Accumulation, Market Has Likely Hit A Floor
Hope. That’s the word that Adamant’s researchers and partners used to describe the Bitcoin market in its current state. Here’s why.
It was explained that the Bitcoin Unrealized Profit/Loss (BUPL) indicator, which aims to estimate how much BTC holders’ are cumulatively profiting or losing, is reading at $13 billion in the positive. If the indicator is adjusted for the approximate number of lost coins, however, BUPL currently reads at $3 billion — 3% — of unrealized losses.
While this doesn’t sound all too important, as the measure is lesser-known, as Adamant explains, the recent BUPL movements confirms that Bitcoin has exited a “capitulation” phase, entering into a stage of “hope” (and fear). It is important to note that when BTC exited the “capitulation” phase during 2014 to 2016’s cycle, there was strong BUPL uptick, as we are experiencing now due to Bitcoin’s recent rally past $5,000.
Courtesy of Adamant
All this comes as some of Bitcoin’s whales, or bigwig investors as they are formally classified, are purportedly loading their bags for the long haul. Adamant’s partners claim that as a result of the “disposition effect,” which explains that investors have a propensity to hold on to assets that have collapsed, BTC is being accumulated rapidly after a large sell-off in late-2018, triggered by the collapse to $3,150.
Per the fund’s Bitcoin HODLer Net Position Change chart, over 100,000 BTC has entered HODLers’ wallets over the past two months (February and March), indicating that investors are likely stashing coins for the long haul. This corroborates a similar noticing made by Diar weeks ago, which revealed that cryptocurrency investors had begun to stock up on BTC.
The reason why accumulation is occurring: the bottom might just be in, and investors are trying to establish a fair cost basis before the crypto market inevitably goes haywire… again. Adamant’s team, which consists of long-time Bitcoiner Tuur Demeester, Michiel Lescrauwaet, advisor Adam Back, among others, explain that the lack of volatility indicates that cryptocurrencies are bottoming. The 60-day volatility chart for BTC is currently sitting at 5%, a level not seen since late-2016, and even fell as low as 2% in early-November 2018.
As NewsBTC hinted at during a similar report, in which short-term bear Murad Mahmudov claimed that low volatility has historically preceded jaw-dropping Bitcoin rallies, a lack of staggering price action suggests that “fast-money speculators” have been shaken out, meaning that only holders (and upside) are left.
Adamant’s recent comments come just a week after Binance’s research division proclaimed:
“Having emerged from a period of the highest internal correlations in crypto history, the data may support the notion that the crypto market has already bottomed out.”
Bitcoin Fundamentals Look Stronger Than Ever
Well if cryptocurrencies have really bottomed, what is next?
Adamant was unable to provide an explicit prediction, but it did mention that Bitcoin’s fundamentals are looking stronger than ever, setting a precedent for a hefty recovery in the years to come. The fund classified fundamentals into three categories: scaling, financialization, and the rise of millennials and how that relates to BTC in particular.
Firstly, the merchant-friendly Lightning Network has seen monumental growth over recent months, with its channel capacity rising parabolically, as sidechains and improvement protocols have started to come to life. This, in the eyes of Adamant, confirms that BTC is far from dead in the water, as the network’s underlying development has continued amid a nasty collapse.
Secondly, Adamant claimed that if financialization, effectively the arrival of institutions, isn’t already here, it is well on its way with upcoming vehicles like Nasdaq’s Bitcoin futures, Bakkt’s physical-backed crypto contracts, and Fidelity Investments’ trade execution platform. This side of the equation may help Bitcoin “disrupt the $100 trillion investment vertical of Liquid Store of Value, and become a globally used digital gold and reserve asset.”
And lastly, as Messari’s Ryan Selkis indicated in a recent tweet, the rise of the millennial demographic and their wealth will likely entice a capital flight from traditional assets to digital ones, as this generation is dispositioned to take a liking to anything Internet-related.
Featured Image from Shutterstock
The post Whales Are Scooping Up Bitcoin As Crypto Seemingly Bottoms, Report Shows appeared first on NewsBTC.
Source: New

Bitcoin [BTC]: Andreas Antonopoulos breaks down life cycle of a transaction on the BTC blockchain

Bitcoin [BTC] and its intricacies have been a concept that many users in the cryptoverse have been trying to understand since its inception. In his latest video, Andreas Antonopoulos, a major Bitcoin bull and the author of Mastering Bitcoin, elucidated on the life cycle of a wallet transaction from start to finish.
Antonopoulos stated that from the point someone sends a transaction from a wallet to its confirmation on the Bitcoin blockchain, the wallet constructs a transaction by accumulating the BTC in the user’s wallet and assigning the addresses. The user’s wallet then transmits the transaction’s information to one of the many nodes it is connected to, from where it can be sent to ‘1, 2 or even 8 other nodes’. He added:
“The transaction is then transmitted to other nodes, which can be mining nodes, e-commerce payment gateways, and many such options. Each of those nodes will receive the transaction from your node and each of those, in turn, will validate every single transaction. When the nodes receive the transactions, they don’t’ know whether it was created by you or was forwarded and hence each of these transactions need to be validated individually.”
Antonopoulos went on to state that if all the nodes are validated, ie. if the payment details are correct and if it is confirmed that no double spend has occurred on the blockchain, then eventually through the process of ‘flood propagation’, the transaction information will be sent to every other node, out of which some may be mining nodes. In his words:
“Once the transaction reaches the mining pool, it maintains a pool of unconfirmed transactions, like a bucket where all this unconfirmed data is stored. This is the pool known as the mempool. Also, know that there isn’t THE mempool rather there is ‘A’ mempool. Information in separate mempools can be in a 99 percent overlap but there will never be a case where it will completely similar.”
According to the author, the mempool also serves the purpose of providing transaction for a miner to add a new block after which ‘the race is on’ for the next block. Miners usually have to construct a block and then solve the Proof of Work on it to eventually make it a confirmed block. Antonopoulos claimed that once the block is made, the information will be sent to the mining equipment to solve the PoW on that particular block and probably after a “billion hashes” the miners will find the block. The Bitcoin bull elucidated on the information transfer back by saying:
“Once the PoW is solved, the mining node will propagate the node back the same way as it received. The nodes validate the block on the way back and once all the nodes confirm its validity, then the user’s wallet will know that there is a confirmation on the transaction. That is the entire life cycle of a transaction.”
The post Bitcoin [BTC]: Andreas Antonopoulos breaks down life cycle of a transaction on the BTC blockchain appeared first on AMBCrypto.
Source: AMB Crypto