Bitcoin Cash SV is the closest to Bitcoin [BTC]’s protocol, says Money Button CEO

Ryan X Charles, the CEO of Money Button and Yours. Inc spoke about his discovery of Bitcoin [BTC], in his recent Youtube discussion. He also explained the reason he chose Bitcoin Cash SV and its correlation to Bitcoin’s core.
Charles stated that he discovered Bitcoin in the year 2011. Succeeding which, he became obsessed with it and got completely involved in the Bitcoin space in 2003. He went on to speak about the reasons he opted Bitcoin Cash SV over Bitcoin Cash ABC. The CEO stated:
“The first reason is simply just the idea that this is the closest thing we have to the original protocol. I don’t think there was anything wrong with the original protocol. The more I’ve learned about Bitcoin over time and worked through the possible scenario, I’m convinced the original protocol will work at scale.”
He further clarified that his definition of the original protocol means the original economic protocol and not the original code in itself. Charles went on to say that its the idea that one person signs a transaction and gives it to another person P2P and the idea that the person receives it, gives it to the miners who validate it and confirm it into a block and make sure there are no double spends in the blocks. This includes the other properties such as having a total of 21 million coins and the inflation schedule which gets cut in half every four years.
The CEO said:
“The subsidy as well as transaction fees and you also have transactions have inputs and outputs, can have more than one input and can have more than one output and that the inputs and the outputs contain scrip and that scrip is a language that although lacking in loops actually has the ability to compute any number.”
He further added:
“You just have to have a long script so you can unroll loops in the script and you can do smart contracts that actually involve the computation of anything you could possibly want to compute, inside script and that is basically Bitcoin. The fact that miners, you know, expend in a way that is provable that all they did was spend energy just to find the block and you can look at all these things in a purely economic way separate from the software in the cryptography”
Charles also said that he likes Bitcoin and the idea of sound money for the whole world. He added that at present, the focus should be on removing the limits of Bitcoin which is an economic challenge and the next would be getting rid of the DDoS attack vectors which occur, an engineering challenge. The CEO continued to say that he likes the idea that Bitcoin is bringing economic freedom to the entire world and that SV is the closest to Bitcoin’s protocol.
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Source: AMB Crypto

Money Button CEO chooses nChain’s Bitcoin Cash [BCH] Satoshi Vision

Ryan X Charles, the CEO of Money Button and Yours. Inc spoke about the reason behind choosing Bitcoin Cash SV, in his recent Youtube discussion. The CEO also clarifies the investment both Bitmain and nChain have made in his start-up, Yours Inc., a platform that allows its users to earn Bitcoin Cash for their content.
Charles stated that the Yours Inc. raised money from both Bitmain and nChain; $1 million from Bitmain and $500K from nChain. This makes Bitmain the largest investor in the company as the total money raised sums up to $1.7 million. He further spoke about the accusations made by several people in the space, stating that he was biased towards nChain as they are the biggest investors in his company. He said:
“I’m saying it’s actually exact opposite, that the largest investor is on the other side […] everything I’ve ever said that’s favorable to nChain actually comes at risk to me. Not only am I not getting money from this, I’m risking making an enemy of Bitmain […] because first of all, I like Bitmain and the thought of being an enemy with them is just a horrible idea but also obviously, if they were genuinely an enemy, I wouldn’t stand a chance.”
He went on to say that both the parties are in a “literal war” wherein each of them is attacking the other with computers. Charles further stated that as the CEO of Yours Inc., he is inclined towards making a decision of choosing one fork of Bitcoin Cash.
He added that he tried to prevent the split and went as far to invest a new procedure, the anti-split procedure which is an idea of relying on the unified transaction history between both the chains.
Charles stated:
“However, the major player particularly Bitcoin.com went in the opposite direction and promoted a split, they split their coins in their services not in the wallet but in the services, which all but assures that the split coin will ripple off  throughout the ecosystem because of the way that you merge UTXO’s together that it eventually all the coins become split”
He further said that since the majority did not support the anti-split procedure, the end result was the split. This has also led to all the major exchange platforms listing Bitcoin ABC implementation as Bitcoin Cash and the other chain would probably be listed as a different cryptocurrency. He stated:
“Money Button and Yours Org, it is not a good idea to have multiple of these things none of the user experience stuff that we’ve done accounts for having more than one. We’re not going to do more than one, it’s a distraction it makes it harder the UX is worse, we have to pick whichever one is the best one than the one that’s most likely to work long term and I believe that’s SV”
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Source: AMB Crypto

Bitcoin [BTC] breaches below $5000 mark: Winter is here!

Bitcoin [BTC], the very first cryptocurrency and currently the biggest one by market cap has breached below the $5000 mark, crushing the investors. This is one of the lowest points the cryptocurrency has hit ever since its all-time high.
Unlike the market’s expectations, the currency has decided to take the opposite path than the one it took last year. The coin fell below $5000 on exchanges platforms that have not paired the cryptocurrency with Tether [USDT] such as Coinbase, the biggest cryptocurrency exchange platform in the US, and BitMEX, one of the biggest cryptocurrency exchanges in the market. Bitcoin reached almost $4950 before bouncing back on top to trade just above the $5000 mark.
Bitcoin price chart | Source: Trading View
On exchanges such as Binance and Bitfinex, wherein all the cryptocurrencies are paired along with Tether [USDT], Bitcoin is trading at a premium price of hovering around $5100.
Bitcoin price on Binance | Source: Trading View
According to CoinMarketCap, at press time, the cryptocurrency has a market cap of 88 billion. Additionally, it has a trading volume of more than $5 billion and has plunged in the market by 9% in the past 24 hours.
Along with Bitcoin, all the other cryptocurrencies are also bleeding in the market. Moreover, they have also touched their all-time low. This includes Ethereum, the third-biggest cryptocurrency by market cap, losing over 12.52% of its value. Litecoin, the seventh-biggest cryptocurrency in the market, losing over 12.68% of its value and Monero which has plunged by 15.04% in the market.
Peterepeat69, a Redditor said:
“It’s a serious dump for quite some time with a dead cats bounce this dump will be different to every other we have seen and continue south.. if you want to have some kind of Xmas put your money in your bank, it’s safer there.”
Smallbluetext, another Redditor said:
“Capitulation. Gonna be a slow trend down before it slowly turns around again. It’s been almost a year of this downward trend guys wake up. The next bull run is not as soon as you’d like but with patience you’ll get there.”
Mike, a Twitterati said:
“Funny how people think this is a buying opportunity and then 3 months later lose all their money”
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Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Bear is here to stay for a longer duration

The whole cryptocurrency market has been in a bloodbath since the beginning of this year. The bear seems to have no mercy as it continues its rampage in the market, slashing double-digits of the majority of the cryptocurrencies.
The top-10 cryptocurrencies that were affected in the market include Ethereum [ETH], Litecoin [LTC], Stellar Lumens [XLM], and Monero [XMR], as all these coins plunged by more than 20% in the past seven days.
According to CoinMarketCap, at press time, Monero [XMR] was trading at $84.09, with a market cap of $1.39 billion. The cryptocurrency has a trading volume of $16.71 million and has plunged by 6.33% in the past 24 hours.
1-hour
Monero [XMR/USD] one-hour price chart | Source: Trading ViewIn the one-hour chart, the privacy coin demonstrates a downtrend from $106.53 to $91.18. The coin also pictures an uptrend from $82.19 to $87.60. Monero has an immediate resistance at $92.94. If the coin breaches this level, then there is a strong resistance level at $107.88. The coin has a strong support ground at $82.17.
Bollinger Bands have started to expand in the market, demonstrating that the market is going to be volatile for the cryptocurrency.
Parabolic SAR is showing that it prefers the bear’s rule in the market and wants the bear to be the king for a longer duration. This is because the dots are currently aligned above the candlesticks.
The Awesome Oscillator is demonstrating its allegiance to the bear as well, as the histogram has formed red lines.
1-day
Monero [XMR/USD] one-day pice chart | Source: Trading ViewIn the one-day chart, the cryptocurrency shows a downtrend from $212.87 to $114.07. It also shows that the coin has taken a further dip from $106.81 to $90.15. Monero has an uptrend from $84.20 to $101.77, followed by another uptrend from $101.77 to $105.45. The cryptocurrency has an immediate resistance at $124.50 and a strong resistance at $169.02. The coin is currently at its strong support level, i.e., $84.07.
RSI is also approving the rule of the bear as the coin is currently being oversold in the market.
MACD is also nodding to RSI’s decision as the moving average line is below the signal line.
Klinger Oscillator has also pledged its undying support to the bear as the reading line is below the signal line.
Conclusion
The cryptocurrency is going to be in the bear’s realm for a much longer duration. This is mainly because all the indicators have decided to side the bear, leaving the bull alone in the market.
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Source: AMB Crypto

Switzerland approves the very first cryptocurrency ETP includes Bitcoin, Ethereum, XRP, Bitcoin Cash and Litecoin

While the whole cryptocurrency community has been waiting for the SEC to approve a Bitcoin ETF, Switzerland has yet again proved that they are one step ahead than any other country in terms of encouraging institutional investors to participate in this space.
According to reports by Financial Times, Switzerland’s main stock exchange has opened its doors for the first ETP tracking multiple cryptocurrencies. SIX Swiss Exchange, based in Zurich, will start the trading of Amun Crypto ETP from next week. The ETP is designed to track an index of the five well-known cryptocurrencies. This includes Bitcoin [BTC], Ethereum [ETH], XRP, Bitcoin Cash [BCH] and Litecoin [LTC].
The division is set to 24.4% XRP, 16.7% Ethereum, 5.2% Bitcoin Cash, 3% Litecoin and the rest will be Bitcoin. The annual management fee for the ETP is 2.4%. Additionally, it is unclear on which fork of BCH they will be opting for since the fork took place earlier this week. The fork has resulted in the network splitting into two, commonly known as BCHSV, which is an upgrade from nChain’s Craig Wright and Coingeek, and BCHABC, which is an upgrade from Bitcoin ABC and Bitmain.
Co-founder and CEO of Amun, Hany Rashwan stated that the exchange-traded product is formed in a way that it meets the standards which are set for a traditional ETP that is extensively opted by the investors. He further added:
“The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies. It will also provide access for retail investors that currently have no access to crypto exchanges due to local regulatory impediments.”
Dag1975, another Redditor said:
“This might encourage the SEC to allow an American ETF. The rest of the world doesn’t wait for US regulators.”
Cryptolicious501, another Redditor said:
“Well if 50% to 60% investors grew a pair and said fck the SEC the bull run would begin… its as simple as that. The fact that the SEC has almost all investors cowering in the corner, “P-p-please, master… SEC when?” bespeaks volumes of investor psychology or lack there of. :/”
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Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Bear continues to lead the market

The whole cryptocurrency market was massacred by the bear’s attack earlier this week. All the top cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and Litecoin [LTC] bled double digits in the market. Nonetheless, the market is trying to recover from the attack by sprinkling green on some coins.
Monero, [XMR], the tenth-biggest cryptocurrency by market cap, had also hoped on to the bandwagon of crushing the investors. According to CoinMarketCap, at press time, the famous privacy coin was trading at $86.43, with a market cap of $1.43 billion. The cryptocurrency had a trading volume of $16.32 million and had plunged by 2.05%.
1-hour
Monero [XMR/USD] one-hour price chart | Source: Trading ViewIn the one-hour chart, the cryptocurrency shows a downtrend from $106.53 to $87.37 and an uptrend from $82.19 to $87.17. The coin demonstrates that there is an immediate resistance at $90.26 and a strong resistance at $95.11. The chart also shows that the coin has gained a strong support at $82.16 level.
Bollinger bands are currently contracting as the market is less volatile and a massive price action is highly unlikely to occur.
Parabolic SAR shows a bearish trend as the dots have aligned on top of the candlesticks.
Chaikin Money Flow also pictures a bear’s rule. This is because the CMF line is below the zero line, depicting that the money is flowing out of the market.
1-day
Monero [XMR/USD] one-day price chart | Source: Trading ViewIn the one-day chart, the cryptocurrency shows a downtrend from $292.71 to $114.07. Additionally, the price fell further from $106.81 to $90.25. The chart also shows that there is an uptrend from $84.20 to $101.77 and from $1o1.77 to $1o5.45.
The coin has to first breach the immediate resistance at $114.17 in order to get to the strong resistance, which is currently set at $147.56. The coin has a strong support at the $84.11 ground.
Klinger Oscillator indicates that the coin is going to be in the bear’s grip as the reading line was below the signal line, showing no signs of recovery.
MACD is also showing that the bear has no intention of letting the coin loose as the moving average line was well-below the signal line.
RSI is in complete agreement with both MACD and Klinger Oscillator as the indicator demonstrates that the selling pressure is currently more than the buying pressure. Nonetheless, a trend break-out could occur soon.
Conclusion
The market is currently in favor of the bear as the carnivores mammal has the support of the Parabolic SAR and the CMF from the one-hour chart and all the indicators from the one-day chart.
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Source: AMB Crypto

Bitcoin [BTC] creator reportedly surfaces; community speculates Craig Wright pulling fast one

The creator of Bitcoin [BTC], the very first decentralized cryptocurrency, Satoshi Nakamoto is hailed as a legend around the globe. The identity of Satoshi Nakamoto continues to remain unmasked. However, according to Twitter handle, Satoshi Nakamoto is going to reveal his identity.
This is not the first time someone has claimed the rights to the identity. There have been several individuals, however, the only strong claim that made a huge impact in the whole cryptocurrency community was that of Craig Wright’s. After Craig proclaimed to be Satoshi Nakamoto, it was soon dismissed as bluff as there was not any concrete evidence to support the claim. This eventually resulted in the entire community calling Craig, Faketoshi.
A twitter profile that goes by the name Satoshi Nakamoto now has made some shocking claims. First, the handle posted a link of a transaction dated back to January 9, 2009. This was the same day Nakamoto released the Bitcoin version 0.1 on Sourceforege, according to Wikipedia.
Bitcoin [BTC] transaction posted by Satoshi Nakamoto on Twitter | Source: BlockchainThis was followed by the Twitter handle claiming that there is an issue with the Segwit. This issue potentially destroyed Bitcoin and that it was important for him for it to work, so much that he is ready to reveal his identity.
The Tweet read:
“I do not want to be public, but, there is an issue with SegWit. If it is not fixed, there will be nothing and I would have failed. There is only one way that Bitcoin survives and it is important to me that it works. Important enough, that I may be known openly.”
Succeeding which, the handle claimed that this will be revealed in December 2019. It said:
“The message will be clear in Dec 2019.”
This resulted in the majority of the community claiming that it was Craig Wright who was in control of the account.
Hatterzly, a Redditor said:
“CSW’s stink all over it. Problems with segwit, announced by the decade-anonymous and absent creator right in the midst of a hashwar. Yep, ok, sure.”
Reddmon2, another Twitterati said:
“I’m downvoting this as I believe this is just CSW up to mischief. It lines up with the things he’s been saying recently. If it really is Satoshi, he could easily prove it in one tweet. There would be no need to speculate then.”
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Source: AMB Crypto

Monero [XMR] lead developer speaks about Lightning implementation

Riccardo Spagni aka fluffypony spoke about the recent upgrade of the Monero network and the upcoming ones, during a discussion with Charlie Lee, Samson Mow, and WhalePanda on the thirteenth episode of Magical Crypto Friends.
Spagni started off by speaking about the Bulletproof implementation, which recently went live. He briefly explained Bulletproof, stating that it is a compact range proof that was created by two developers from Monero Research Lab. Spagni added that they found that it can be applicable to Monero as it uses range proofs in confidential transactions, a way to hide transaction amounts. He went on to say:
“We’ve had bulletproofs live on Testnet since December 2017, but obviously there’s this process that you go through with all cryptographic systems of testing and validation and auditing […] some time before there was level of confidence we could go live on Mainnet and it went live in the network upgrade last month […] it’s pretty exciting because it reduces transaction sizes by 80%-90% which in turn reduces fees by like 80%-90%”
This was followed by Lee asking Spagni whether there is any downside to Bulletproof. To which, the lead developer stated that there is no downside to the implementation. He added that it is similar to their previous security but is more compact and has much faster validation because of the way the validation scales.
Succeeding this, WhalePanda asked when Bulletproof is going to be implemented on Bitcoin. Spagni replied:
“Well, Bitcoin doesn’t use confidential transaction. So Bitcoin doesn’t have range proofs. But I mean on Liquid for example which as you know is the premier Blockstream product coming soon to space station near you; on Liquid, they could they could add bulletproof”
Furthermore, he was asked about when and how Monero is going to implement Lightning and whether there are developers already working on the implementation, by WhalePanda. Spagni stated that there are people currently working on the implementation as it is one of the scaling technologies the interests the Monero community. He said:
“I’m particularly fond of lightning because there’s already a live lightning network that we can plug into. So, it’s not like we’re have to like build this second layer up just like on our own”
He further stated that there is a group of people working on Rust-Lightning along with Matt Corallo, a Bitcoin Dev. Spagni hopes that they will be able to add Monero support to Rust-Lightning as it becomes more mature. He added:
But the first step is getting rest lightning to a level of maturity where Matt and and everyone involved is comfortable with it working well and then we can go and add Monero support.”
Spagni also spoke about whether Monero had all the parameters for Lightning. He said:
“We’ve got multi-sig, we’ve got locktimes. We’re pretty confident that we have all the primitives […] I think the one thing that we’re missing is payment channels but I think that that’s a relatively simple thing to have because it’s not a consensus critical component.”
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Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Privacy coin to be suffocated by bear’s grip

The cryptocurrency market witnessed the wrath of the bear as most of them plunged to their lowest point of the year. Along with crushing the whole market, the bear also stomped on investor sentiments, resulting in some existing the space.
The top 10 coins which are seeing a double-digit fall in the past 24-hours includes, Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], EOS, Litecoin [LTC], Cardano [ADA] and Monero [XMR].
According to CoinMarketCap, at press time, Monero [XMR], a popular privacy coin, is trading at $89.26 with a market cap of over $1 billion. The cryptocurrency has a trading volume of more than $36 million and has plummeted by 14.34% in the past 24 hours.
1-hour
Monero [XMR] one-hour price chart | Source: Trading ViewThe one-hour chart showed a downward trend from $114.33 to 106.77. This is followed by another downtrend from $103.71 to $90.69. The privacy coin has an immediate support at $95.13. It will then have to meet the strong resistance, which is patiently waiting at $107.86 level. There is a strong support for the coin at $89.21.
Parabolic SAR shows that the bear is going to further rip apart the cryptocurrency in the market as the dots have aligned above the candlesticks.
Bollinger Bands forecast that the market is going to be volatile as the bands were expanding, making space for price movements.
The Chaikin Money Flow indicates that the money has started to flow in the bearish atmosphere as it was leaping above the zero line.
1-day

Monero [XMR] one-day chart | Source: Trading ViewThe one-day chart is showing a downtrend from $292.71 to $114.07. This trendline continues to reach $106.81 price level. The cryptocurrency shows an uptrend from $84.20 to $101.77, which is further taken to $107.68 ground. The privacy coin has an immediate resistance at $114.17 and a strong resistance at $147.56. XMR has a strong support level at $84.11.
Klinger Oscillator forecasts a bearish weather as the reading line is below the signal line and is showing a massive gap from each other.
MACD is also agreeing with KO’s forecast as the moving average is also indicating that the bear might hail over the market for a longer duration. This is because the moving average line is below the signal line, showing a similar pattern as the Klinger Oscillator.
RSI shows that a trend reversal could take place, giving the bull another chance in the game as the chart is indicating that the coin is currently being held by the bear .
Conclusion
The cryptocurrency is going to be suffocated by the bear’s grip. The winter animal is supported by the Parabolic SAR and CMF from the one-hour chart and Klinger Oscillator and MACD from the one-day chart.
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Source: AMB Crypto

Bitcoin [BTC] rewards start-up raises $2.25 million; Bain Venture Capital one among the investors

Earlier today, Lolli, a Bitcoin rewards start-up announced that they have raised $2.25 million in their seed round. The start-up gained investment from the top-notch players across the globe.
This included Bain Capital, a private investment firm based in Boston, Version One, Digital Currency Group, Forerunner Ventures, 3K VC, Quaker Health Ventures, SV Angel, FJ Labs, and Rugged Ventures. More so, the company stated that they gained investment from the “some incredible strategic angels.”
With the investment raised in their seed round, the start-up will be making further improvements on their product, add more merchants, increase the strength their team and increase the adoption of Lolli.
The reward application enables users to gain free Bitcoin when they shop online. This includes various industries such as lifestyle, trade, food, and fashion. Lolli has partnered with over 500 online retail merchants. The company which works towards making Bitcoin more accessible has successfully added Hilton, Marriott, GoDaddy, Priceline, Booking.com, Walgreens, VRBO, and CVS to their partnership list.
The CEO and Founder of Lolli, Alex Adelman, in an interview with The Block said:
People haven’t really thought about the consumer. People want to earn bitcoin more than they want to spend it. You can attract young, affluent users who are tech-savvy if you offer them bitcoin”
Adelman further added:
“We are working with international retailers. Bitcoin is inherently international”
According to The Block, Angela Tran Kingyens, a partner at Version one said:
“Lolli makes it incredibly simple for people to earn bitcoin when they shop online. All a user has to do is sign up for Lolli and shop at one of 750+ top online stores, and they will automatically get bitcoin deposited to their Lolli wallet. The simplicity of the product and mass appeal of shopping will lead to broader adoption of bitcoin.”
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Source: AMB Crypto

Bitcoin [BTC], Ethereum [ETH] and XRP are vying for a spot in the cashless world, says IMF Managing Director

The IMF Managing Director, Christine Lagarde spoke about cryptocurrencies and blockchain technology, during her speech at the Singapore Fintech Festival.
The Managing Director stressed on three topics during her speech, including issues regarding the changing nature of money and the revolution of Fintech, role of central banks in the new financial landscape particularly in digital currency, and the disadvantages related to it and the solutions which can effectively minimize them.
Christine Lagarde started off by speaking about the changing nature of money and fintech. She stated that at one point in time, transactions were settled with the exchange of coins, and all that mattered was whether the coin was valid. Nonetheless, as commerce grew, carrying coins became a hassle and as a solution Chinese Paper Money was introduced in the 9th century, she said. However, this was not enough; as innovation grew, bills of exchange came into existence.
She went on to say:
“Suddenly, it mattered whom you dealt with […] Trust became essential – and the state became the guarantor of that trust, by offering liquidity backstops, and supervision. Why is this brief tour of history relevant? Because the fintech revolution questions the two forms of money we just discussed – coins and commercial bank deposits, And it questions the role of the state in providing money”
The Managing Director stated that now, millennials, reinventing how the economy works with their phones and that data is the new gold. With this changing time, money is expected to be more convenient, user-friendly, and integrated with social media. It should be ready for micro-payments, online payments, while being cheap and secure, she said.
Lagarde continued to say that the demand for cash is decreasing, quoting the example of PayTM, payment processor app used in India and M-Pesa, another payment processor which is commonly used in Kenya, stating that they responded to people’s demand and economy’s requirements.
Lagarde said:
“Even cryptocurrencies such as Bitcoin, Ethereum, and Ripple are vying for a spot in the cashless world, constantly reinvesting themselves in the hope of offering more stable value and quicker cheaper settlement.”
Furthermore, the Managing Director stated that all the central banks should issue their own digital currency, a state back cryptocurrency which is available for the retails payments. She said:
“True, your deposits in commercial banks are already digital. But a digital currency would be a liability of the state, like cash today, not a private firm. This is not science fiction. Various central banks around the world are seriously considering these ideas, including Canada, China, Sweden, and Uruguay. They are embracing change and new thinking – as indeed is the IMF.”
Lagarde further stated:
“I believe we should consider the possibility to issue digital currency. There may be a role for the state to supply money to the digital economy. This currency could satisfy public policy goals, such as (i) financial inclusion, and (ii) security and consumer protection; and to provide what the private sector cannot: (iii) privacy in payments.”
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Source: AMB Crypto

Bitcoin [BTC] bleeds as the cryptocurrency plunges below the $6000 mark

Last time this year, the whole cryptocurrency market was rejoicing as all the cryptocurrencies were touching new highs. However, this November seems to be aiming at crushing the investors as all the coins have decided to drown in the red pond.
Bitcoin [BTC], the biggest cryptocurrency in the market, often hailed as the king of cryptocurrencies is being crushed by the bear’s grip. The coin which was showing a sideways movement for the longest time has fallen below $6000.
According to CoinMarketCap, at press time, Bitcoin is trading at $5877.75 with a market cap of $102 billion. The coin has a trade volume of over $5 billion and has plummeted by 5.49% in the past one-hour. Additionally, the total market cap of the cryptocurrency has also fallen to $189 billion.
Bitcoin [BTC] one-day price chart | Source: CoinMarketCapAlong with Bitcoin [BTC], all other cryptocurrencies are also currently suffocating in the bear’s reign. Ethereum [ETH], the second-largest cryptocurrency by market cap, is currently trading at $184.69 and has fallen by $5.16 and XRP, the third-largest cryptocurrency, is trading at $0.44 and has fallen by 6.01%. Other coins which has taken a hard hit by the bear includes Litecoin [LTC], which is down by 9.72%; Monero [XMR], which is down by 10.62% and Bitcoin Cash [BCH], which is down by 8.90%.
Cryptocurrency price chart | Source: CoinMarketCap
Nonetheless, some investors are still on the bright side of the market, as the coins are finally showing some action and they believe that this is a great time to buy.
Fldspine, a Redditor said:
“Wake up everyone! We finally have some movement!! Yaay…”
Tyanuh, another Redditor said:
“2014,2015,2016,2017,2018. Every year it’s the same bullshit from new guys who have never seen the crypto bear. I will GUARANTEE you, if you pull out now completely and permanently, you will be pulling your hairs and that decision will chase you for literally your entire life when exorbitant crypto prices are laughing you in the face in a few years. You have been warned.”
CryptoKujira said:
“It is a hell of a bleed off overnight and into this morning. Blood red on nearly every coin, with many going -10 to -20% so far on Binance. Not for the faint of heart, but feels like a hell of time to buy.”
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Source: AMB Crypto

Monero [XMR/USD] Technical Analysis: Bear and bull engage in a tough fight

Monero [XMR], the tenth-largest cryptocurrency by market cap, has been struck by the bear’s strike just like all the other cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH], XRP and Bitcoin Cash [BCH].
According to CoinMarketCap, at press time, Monero [XMR] was trading at $103.22 with a market cap of over $1 billion. The coin has a trade volume of more than $15 million and has plunged by 7.23% in the past seven days.
1-hour:
Monero [XMR] one-hour price chart | Source: Trading ViewIn the one-hour chart, the coin demonstrated a downtrend from $114.33 to $106.77 and an upward trend from $103.05 to $105.67.
The popular privacy coin has an immediate resistance at $106.82, which will have to be breached to reach the strong resistance that is resting at $112.39. It has a strong support at $103.04 level.
The Chaikin Money Flow chart is showing a bullish trend as the money was flooding into the market.
Parabolic SAR demonstrated a bearish wave as the dots are currently starting to align above the candlesticks
Bollinger Bands are expanding to make more space for price action, forecasting a volatile market.
1-day:
Monero [XMR] one-day price chart | Source: Trading ViewIn the one-day chart, the coin has a downtrend from $203.50 to $114.07. This is followed by another downtrend from $114.07 to $106.82. XMR presented an upward trend from $84.20 to $101.77, which was carried ahead t0 $105.45.
The cryptocurrency has an immediate resistance at $114. 15 and a strong resistance at $147.64. The privacy coin will first be supported at $100.67 and then at $84.19 if the initial support were to break.
RSI showed that the buying pressure and the selling pressure for the coin are currently being evened out by each other.
MACD has sworn its allegiance to the bear, as the moving average line is below the reading line.
Klinger Oscillator was also on the same page as MACD, forecasting a bearish trend as the reading line was below the signal line.
Conclusion
The cryptocurrency shows its support to both the bull and the bear. The bull has entered the ring with the support of CMF in the one-hour chart and the bear with the support of the RSI and MACD in the one-day chart.
The post Monero [XMR/USD] Technical Analysis: Bear and bull engage in a tough fight appeared first on AMBCrypto.
Source: AMB Crypto

Dash stress test hits 3 million transactions; surpasses Ethereum [ETH], XRP and Bitcoin Cash [BCH] all-time high transactions

Dash, the thirteenth-biggest cryptocurrency by market cap, has surpassed all the top cryptocurrencies in the market in terms of transactions. Earlier this week, a stress test was executed by the Dash team, resulting in over 3.5 million successful transactions taking place in a single day. Moreover, the network did not face a congestion problem.
Along with this the stress test transactions surpasses the all-time high transaction of all the top cryptocurrencies in the market. This includes Bitcoin [BTC], Ethereum [ETH], XRP, and Bitcoin Cash [BCH], according to the data presented on Bitinfocharts.
BTC, ETH, XRP. BCH, & Dash Transaction chart | Source: Bitinfocharts
The stress place took place for 24 hours on November 11, 2018, on the Dash network. The community-driven stress test of the blockchain was live on stresstest.mydashwallet.org.
The previous stress test was held in the month of July 2018 and had over 700,000 transactions in a single day, according to Mark Mason, Director of Media & PR at Dash. Moreover, the Bitcoin Cash stress test, which had stirred up the whole community with a transaction of over 2.1 million. This stress test has effectively beaten the fourth-biggest cryptocurrency, Bitcoin Cash in terms of 24-hour transactions.
Mark Mason said on Twitter:
“I would like to extend a big thank you to Delta engine and MyDashWallet for orchestrating the test test, the final transaction count for the 24-hour period was over 3 million, which is new record and all-time high the number of transactions achieved by a Bitcoin-based blockchain.”
He further added:
“These stress tests are not just for bragging right, we need to test and push the blockchain to its limits to identify problem areas to improve upon. Those have claimed that on chain scaling wasn’t possible in the past have been proved wrong. This is only the beginning.”
Harshit Tiwari, a Twitterati said:
“We did it. That’s a NEW RECORD! Cheers to all the community members. Glad to be a part of this. Dash Dash Dash!”
Sikkcritz said:
“But it’s still a pre-mined scam coin and will never rid it’s reputation of it’s sketchy history. Just another variant of bitconnect IMO”
The post Dash stress test hits 3 million transactions; surpasses Ethereum [ETH], XRP and Bitcoin Cash [BCH] all-time high transactions appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: Bulls ready to win the battle against the bear

Litecoin [LTC], the seventh-biggest cryptocurrency by market cap, has been standing at the edge of the cliff since the past few days. The cryptocurrency has seen a massive dip ever since it reached its peak earlier this year.
According to CoinMarketCap, at press time, the coin was trading at $50.57 with a market cap of more than $2 billion. The coin was trading volume of $437 million and had witnessed a downfall of 6.88% in the past seven days.
1-hour:
Litecoin [LTC] one-hour price chart | Source: Trading ViewThe one-hour chart displayed that the coin has seen a downward trend from $53.51 to $52.21, and it further fell from that point to $50.30. The chart also showed that it has an upward trend from $49.88 to $50.11.
The coin will be the first to have a clear the immediate resistance point, which is set at $50.36, in order to reach the next level of the game, i.e., the strong resistance at $52.21. The cryptocurrency has a strong support at $49.81 level, which will be playing a key role in the game of bulls versus bears.
Parabolic SAR showed that it has started to gain interest in the game and is currently the bull’s first hand as the dots were aligned below the candlesticks.
Chaikin Money Flow was right beside Parabolic SAR, supporting the bull by pumping in more money into the market.
However, the Bollinger Bands showed that the game will not be a grand one as the bands were contracting, showing a less volatile market.
1-day:
Litecoin [LTC] one-day price chart | Source: Trading ViewThe one-day chart showed that there was a downward trend from $121.59 to $55.87. It also depicted an upward trend from $48.45 to $52.03. The coin has to first clear the immediate resistance level that is set at $55.87. Succeeding this, it will have to prepare itself to kill the strong resistance, which is at $89.15. The cryptocurrency will be support by $48.45, in case it falls in the battlefield.
The RSI indicator showed that the buying pressure and the selling pressure is currently evening out each other in the market.
MACD is preparing for the battle, showing its support to the bear as the moving average line breached below the signal line.
Nonetheless, the Klinger Oscillator is set to entertain the investors by displaying its support to the bull, as the reading line was above the signal line.
Conclusion
The bull and the bear are ready to face off in the market. The bull is currently supported by Parabolic SAR and the CMF from the one-hour chart and Klinger Oscillator from the one-day chart. The bear is supported only by MACD from the one-day chart.
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Source: AMB Crypto