Litecoin [LTC/USD] Technical Analysis: Positive correlation to achieve long-term bullish goals

As Litecoin [LTC] keeps switching between the seventh and the eighth position, it is currently showing a healthy run. At the time of reporting, the coin was up by 0.35% wherein it was trading at a fair price of $32.2 with a market cap of $1.92 billion. Here, the total trade volume in the past 24 hours was recorded at $426.4 million.
1-hour:
LTCUSD 1-hour candlesticks | Source: tradingview
In the scenario of one-hour candlesticks, LTC is witnessing an uptrend stretching of $28.7 to $30.6 whereas the downtrend is spotted from $34.4 to $32.9. There is concentration noticed in the prices, preparing for a trend breakout.
The Bollinger Bands are following a broad tunnel pattern to give way to price fluctuation. No change in volatility is expected in the market anytime soon.
The Aroon indicator is showing a lowered strength in the red as well as the green trend. This is indicative of a sideways market trend for the cryptocurrency.
The Awesome Oscillator has turned bullish on Litecoin as the bars are glowing green to pass a safety stance of the matter.
1-day:
LTCUSD 1-day candlesticks | Source: tradingview
In the longer time frame of one-day candlesticks, the coin is experiencing a steep downtrend of $55.8 to $32.2 whereas the support level is suspending at $22.8 level. A trend breakout is not suspected as the price-concentration is absent here.
The Parabolic SAR is bullish on the matter as the dots continue to align themselves below the price candles.
The RSI is in sync with the above as the indicator is suggesting a high buying pressure on the graph, making up for a healthy market for LTC.
The MACD also made a bullish crossover by the signal to predict a positive price trend for the token. To confirm the stance, the reading line is still moving in upwards direction.
Conclusion
In this technical analysis, it has been observed that the majority of indicators are supportive of a bullish for the cryptocurrency. However, high volatility is to be expected in the current Litecoin market.
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Source: AMB Crypto

Bitcoin [BTC]’s value-proportion “increased massively” in Dec 2017-18, says Francis Pouliot

Francis Pouliot, the CEO and Co-founder of a Canadian firm called Bull Bitcoin, recently posted a series of tweets that discussed the incidents projecting a bullish signal for the cryptocurrency from its early days till the present. Here, the BTC enthusiast made several references to the past and recited the journey of the coin through events such as the slaying of ‘BearWhale’ in 2014 and much more. The original tweet by Pouliot read:
“1/ Looking back at Bitcoin Markets
I learned years ago the futility of trading on $BTC market. My strategy: stable $BTC income, business profits in $BTC, not owning fiat.
My thesis: $BTC markets have a pattern of discovering the increase in $BTC held by hodlers last resort.”
In 2014, the supporters of Bitcoin claimed victory over a market manipulator known as BearWhale. In the month of October of the same year, a sell order of 30,000 BTC was placed when the token was valued at $300. This spooked the market in heavy dosage, resulting in the price plunging to concerning levels.
However, the investors fought against the BearWhale resulting in a 25% hike since the incident took place, deploying a higher value for the coin at $375 that year, as reported by Coindesk. Regarding this, Pouliot projected his views and stated:
2/ My first bullish signal was the slaying of Bear Whale in October 2014 (https://www.cnbc.com/2014/10/09/bitcoins-bearwhale-and-the-future-of-a-cryptocurrency.html …).
The second was Backpage being Financially censored and ONLY accept Bitcoin. Tens of thousands of sex workers now need bitcoin. I believe they helped create 2015 $200 price floor.
Secondly, the Bitcoin proponent mentioned Bitcoin Embassy, a group of people closely associated with the cryptocurrency as a remarkable entity. He also stated that the number of podcasts, Bitcoin core presence in terms of the road map, value proposition [a phase before maximalism] also saw an increase.
Furthermore, colored coins, multi-sig, side-chains, merchants, exchanges also came into existence to strengthen the grip of Bitcoin into the world. During this time, many investors sold anything they could to buy BTC at $200.
Next, Pouliot talked about SegWit and conveyed that January 2017 saw the expectations of the technology getting activated. In his words:
“4/ Bullish: January 2017 I became convinced segwit would activated. The third was after we won #UASF August 2017 (sophisticated investors got it). Third time Nov 2017 #NO2X Segwit, I told family/friends “can’t stop Bitcoin now”. It was, for those involved, an obvious time to buy”
According to him, the value proposition of Bitcoin increased massively in 2017 and 2018 via network effects, coherent ideologies, infrastructure, resistance, anti-fragility, liquidity, power and influence. He also opined that the Bitcoin maximalists and holders of last resort contributing in shaping up the monumental price floor for the market.
In another tweet, Pouliot wrote about the present situation wherein 2019 might be the year of demand for Bitcoin, resulting in the increase of BTC’s fundamental value. He added:
“Finance prepares for 2020 financial/economic crisis. Censorship in full swing. European banks fail, geopolitics of trade, B2B settlement, billions gearing up for investments. This creates hodlers.”
In the end tweet, he shared his final view on Bitcoin’s success and the future. As per his post, it is time to get paid and get fiat to start accumulating Bitcoin. Furthermore, he mentioned that 2019 could be the last opportunity for billions of people worldwide to afford 1 BTC.
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Source: AMB Crypto

Litecoin [LTC/USD] Technical Analysis: Long-term fate of cryptocurrency to be ruled by bullish sentiments

Litecoin [LTC], the eighth-largest cryptocurrency according to CoinMarketCap, is floating in the red space on the price graph. Moreover, the coin has been overtaken by Tether [USDT] once again.
At the time of writing, Litecoin was trading at a depreciated price of $29.17, with a market cap of $1.74 billion. Here, the total trade volume of the token in the past 24 hours was recorded at $410.5 million.
1-hour
LTCUSD 1-hour candlesticks | Source: tradingview
In the one-hour technical analysis of the Litecoin candlesticks, an acute downtrend has been spotted from $35.9 to $29.7, whereas the current support level is set at $27.6. The concentration in prices has packed the market tightly, preparing it for a trend breakout.
The Parabolic SAR is bearish on the cryptocurrency as the dots have aligned themselves above the price candles to give a negative price prediction.
The Aroon Indicator is also bearish on the LTC market as the downward trend is stronger than the upward trend on the graph wherein the green trend has crashed.
The Relative Vigor Index is the only indicator standing with the Litecoin market wherein the RVGI has made a bullish crossover by the signal.
1-day
LTCUSD 1-day candlesticks | Source: tradingview
In the one-day time frame of the Litecoin candles, the downtrend is stretching from $55.8 to $32.9, whereas the support is set at $22.8. However, there is no possibility of a trend breakout in the long-term as price concentration is not visible yet.
The Bollinger Bands are currently depicting a high buying pressure in the LTC market as the reading line is traveling in the buy zone to move further up.
The Chaikin Money Flow is also tending to move up to indicate healthy buying activity in the market. The reading line is currently approaching upwards to cross the 0-mark.
Conclusion
In the technical analysis, it has been observed that the cryptocurrency is going to stay bearish in the short run but will soon turn bullish in the bigger picture. However, not much volatility is expected in the foreseeable future.
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Source: AMB Crypto

Bitcoin Cash [BCH], Ethereum [ETH], Litecoin [LTC] become biggest double digit gainers

As the cryptocurrency market takes a flight on the bull’s back, three coins on the third, fourth and eighth position have claimed their names under the top gainers of the day list, namely, Ethereum [ETH], Bitcoin Cash [BCH] and Litecoin [LTC].
Ethereum:
At the time of reporting, the coin was valued at $134.81 with a market cap of $14 billion. The total trade volume of the coin in the past 24 hour was $3.16 billion.
ETH 1-day price graph | Source: CoinMarketCap
At the beginning of the 24-hour cycle, the trading price of Ethereum was recorded to be $123 with a market cap of $12.8 billion. However, after many downturns and drops, the coin touched its lowest point of the day at $115.6 wherein its market cap reached a bottom of $12 billion.
Post this, Ether met a bullish fate where its touched the pinnacle of its trading price at $135 with a market cap of above $14 billion.
Bitcoin Cash:
At press time, the BCH token was trading at $173.78 with a market cap of over $3 billion. The total trade volume of the coin across a day was observed to be $489.5 million.

 
The one day chart for Bitcoin Cash has seen a a sudden surge in price as displayed by the drastic spike in the graph. As the year comes to a close, a majority of the cryptocurrencies have displayed a similar surge on the charts, a plateau like formation that showcases the switch between a bearish and bullish trend.
Litecoin:

At the beginning of the 1-day cycle, the token was trading at a low price of $29.58 with a market cap of $1.76 billion. The coin took a steep downturn to trade even lower at $28.42 with a market cap of $1.69 billion.
In a span of an hour, the coin jumped to a high point of $31.27. LTC went even further to gain its momentum and started to trade at $32. Currently, the coin is trading at its highest.
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Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Cryptocurrency to turn bullish in long run

Tron [TRX], the tenth largest cryptocurrency in the world is currently down by 6.6% wherein the token was trading at a depreciated price of $0.0187 with a market cap of $1.25 billion. The trade volume of the 24-hour cycle was recorded to be $108.5 million.
1-hour:
TRXUSD 1-hour candlesticks | Source: tradingview
In the 1-hour analysis, the Tron candlesticks, the downtrend is stretching from $0.0239 to $0.0206 whereas the support level is set at $0.0183. As of now, there is no concentration in price, therefore, a trend breakout is not to be expected.
The Parabolic SAR is bullish on the cryptocurrency as the dots are assembled below the candlesticks.
The Awesome Oscillator is also positive on the fate of Tron. As of now, the bars have turned green and are waving a safe signal for the market.
The Aroon indicator is nodding at the prediction by its fellow indicators. It is currently showing greater strength in the green trend as the red trend continues to crash.
1-day:
TRXUSD 1-day candlesticks | Source: tradingview
In the longer time frame of the Tron candlesticks, the downtrend is ranging from $0.0247 to $0.0204. Here, an immediate, strong support level is set at $0.0119. There is no visible expectations of a trend breakout in the foreseeable future.
The Bollinger Bands have converged to give way to volatility in the Tron market. The bands were running in a narrow tunnel-pattern but have broadened for the prices to fluctuate.
The RSI has just returned from the overbought zone to carry out a trend reversal. However, the indicator is still depicting a high buying pressure and is moving upwards to show a bullish presence.
The Relative Vigor Index has made a bearish crossover by the signal to project a bearish stance in its prediction.
Conclusion:
In this technical analysis, it has been concluded that the majority of the indicators are suggestive of a bullish run for the coin. Moreover, higher volatility is to be expected in the Tron market trend.
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Source: AMB Crypto

XRP adopted by another exchange; Bitrue to announce 5 pairs

Bitrue, a cryptocurrency exchange today announced that it will be adding XRP to its platform, which will be available for trading in five pairs in the first week of 2019. However, the pairs have not been announced till now as the platform has asked the community for suggestions. The original official tweet by Bitrue read:
“We’re happy to announce that we will be on-boarding all #XRP trading pairs in the next couple of months!
We’re planning to add 5 pairs in the 1st week of 2019, so please give us a shout on your most needed #XRP pair! #xrpthebase”
Under the comment section, there were suggestions that included XRP paired with EUR. In cryptocurrencies, Tron [TRX] and Cardano [ADA] were also the popular choices.
The platform mentioned that it will also accept approaches from the community members if they want to be on the priority list of suggestions. In its words:
“We want also to encourage all our partners to reach out if you want to be prioritized in supporting the XRP pair! “
Recently, the biggest cryptocurrency platform in the world, Binance also added XRP as the base pair wherein the current pairs were announced to be with Tron [TRX] and Zcoin [XCZ]. Due to this, XRP price hiked to carry on a bullish run wherein the coin spiked by 21%.
At the time of writing, XRP is down by a mere 1.41%, trading at a price of $0.36 with a market cap of $14.9 billion. The total trade volume for the coin is currently recorded at $574.3 million.
Booboo, a Twitter user commented,
“XRP / TRX. XRP/ ADA. XRP /VET hell, why not use it as a base trading partner with ALL the coins?”
Tomas Vanicek, another Twitter user said:
“Xrp/Eur, Europe is huge and hungry”
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Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Cryptocurrency to rise and fall due to volatility

The cryptocurrency markets are undergoing wild waves of volatility where all the coins across the board are currently painted red. Here, Tron [TRX], the tenth-largest coin, is also down by 0.5% wherein the token is trading at $0.0199, with a market cap of $1.32 billion. The total trade volume of the token in 24 hours is seen to be $98.1 million.
1-hour
XRPUSD 1-hour candlesticks | Source: tradingview
In the one-hour time frame of the Tron candlesticks, the downward trend line is stretching from $0.0239 to $0.0208 where the upward trend is ranging from $0.0189 to $0.020. A price concentration has been noticed in the TRX market as prices look tight for a trend breakout to erupt.
The Parabolic SAR is bearish on the cryptocurrency as the dots have assembled themselves above the price candles to resist a positive price movement.
The Aroon Indicator is showing a weakened green trend, giving the red trend an edge in the market. This indicates a bearish prediction by the reading line.
The Relative Vigor Index is also bearish on the cryptocurrency as the reading line made a bearish crossover by the signal. However, the RVGI has deviated to an upward approach.
1-day
XRPUSD 1-day candlesticks | Source: tradingview
In the one-day scenario, the downtrend is ranging from $0.0247 to $0.0216 and the uptrend is stretching from $0.013 to $0.02. In this case, price concentration has been spotted to some extent. However, there is no strong possibility of a trend breakout.
The Bollinger Bands are showing a high degree of volatility in the market to suggest wild fluctuations in the TRX price trend.
The RSI has judged a trend reversal due to the reading line bouncing back down after traveling in the overbought zone. The buying pressure is still high but is crashing with the decline in the buying activity.
The Chaikin Money Flow indicator is moving below the 0-mark, depicting a low buying pressure. Therefore, the indicators seems to be bearish on the cryptocurrency.
Conclusion
In the technical analysis, the indicators used in the short-term are bearish along with the ones used in the longer time frame that have predicted a trend reversal in the bear’s favor. A volatility of high magnitude will be experienced in the market as suggested by the Bollinger Bands.
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Source: AMB Crypto

XRP is a security? Social media welcomes another debate on the matter

Dr.T, a prominent member of the XRP community challenged Ari Paul in a Twitter thread about XRP not being a security. Here, Dr.T stated that XRP is not a security because the digital asset was created before Ripple. Furthermore, Ari Paul and a few others engaged in an intense argument on the subject. The original tweet by Dr.T stated:
“I just came across this. I noticed that @AriDavidPaul had liked the tweet as well. You’re aware of these facts I will let your followers know as well: XRP was created before Ripple, so it can’t be a security. Merry Christmas & Happy Holiday season Mike. “
Here, Paul replied by writing that Dr.T needs to be careful with giving “inaccurate” legal advice on the web as he could personally be held liable for it. He also stated that even if Ripple was created five years after XRP, XRP could still be a security. Furthermore, according to Howey Test, which is a test used by the Securities and Commission Exchange [SEC] to check if a digital asset is a security or not, the timing of Ripple incorporation is not an eligible determinant.
He continued to convey that many in the cryptocurrency space have been posting several screenshots of early Ripple PR, Twitter posts and website captures where they created XRP. By this, Paul negated the argument of XRP being born before Ripple. He then opined boldly, indicating that Ripple might have committed early fraud if the claims related to XRP being created before Ripple are true.
To this, ecent, another member of the XRP ecosystem joined the Twitter thread to voice his opinion. In his tweet, he brought the point of “XRP once being a security, but is not any more”. He wrote:
“More
Disregarding for a second the clarity provided by other countries on this topic…Im curious whether the “XRP is a security” camp will be satisfied if the SEC were to say “XRP was once a security but now isn’t” or is blood the only thing that will satisfy those opposed to it?”
By now, the discussion had turned into a rebuttal session where it was Paul’s turn now. Here, he stated that the SEC enforces the regulations. At present, the definition of a security is defined by the 1933 and 1934 Securities Acts Legislation and interpreted by the courts. According to him, SEC’s opinion carries much weight and pragmatism at this hour.
ecent reverted to the above and wrote:
“Thanks but that wasn’t my question. Im curious if in your opinion the CT “XRP is a security” camp will be satisfied with “XRP was but is no longer a security” from the SEC. Will that be satisfactory to you / others in your opinion or will nothing short of criminal charges work?”
According to Paul, his interpretation of such a statement by the SEC will mean what it exactly communicates: a statement of intent by the SEC that is not likely to be prosecuted. He added that such a statement would probably support civil lawsuits.
In his next post, he stated that the key to winning the race is purely intellectual honesty and general clarity in the cryptocurrency space. In his words:
“I don’t like “gaslighting.” It’s up to regulators and judges to enforce laws and regulation as they will.”
On the contrary, ecent believes that intellectual honesty is important indeed. However, he opined that the “XRP is a security” argument is not an honest one, in intent or perspective. He also mentioned that according to the legal clarity established abroad as well as the attempts that are being made to frame regulatory infrastructure for cryptocurrencies, XRP is clearly not a security.
This statement by ecent took a deep hit when Ari Paul re-framed some of the points expressed by the former. Here, Paul questioned the stance of the US on XRP being a security. The tweet read:
“I don’t understand. Are you saying that XRP was a security, but you’re hoping that in other countries it’s not and/or that the US will change its laws to retroactively make the crime of selling an unregistered security not a crime? You’re saying XRP is a US security?”
The debate continued as both the parties stuck to their arguments. Many other members of the cryptocurrency space and XRP in specific joined and submitted their comments on the subject.
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Source: AMB Crypto

XRP multi-sig wallets discussed by prominent members of ecosystem

As the Christmas holidays began, two of the most prominent members of the XRP community, Dr.T and Tiffany Hayden, recently held a discussion on the advantages and cons of a multi-sig wallet on an exchange. The question was asked by a cryptocurrency and blockchain space enthusiast.
Here, Dr.T responded by stating that the multi-sig feature enables high security of funds against hackers. However, to legitimize the use of such wallets, it requires a third party to participate. In his words:
“Multi-sig makes signing transactions harder as you have others who must agree to move funds. It means, stealing/hacking is MUCH harder too. Cons: legit use requires another party too.”
Here, Tiffany Hayden raised a few valuable questions to keep in check the implementation of multi-sig. Through her questions, she implied that there must be a paper describing who holds the keys and clarity on what the multi-sig contract is programmed to do. She also wrote:
“Under what conditions the different parties will sign a txn, and how I can remove my money anytime I want w/o permission?”
She continued to state that absense of information is scary. Moreover, it is even scarier to notice people’s ignorance on the matter and their unwillingness to address such issues.
Dr.T put up another tweet on the matter and opined that there can be a use case for a multi-sig wallet for a custodian. Here, he commented:
“The nefarious use-case would be: A custodian keeping fractional reserves of the money they borrowed from customers and making sure they don’t face a “bank-run” type of scenario (all customers withdrawing cash from ATM at the same time). They can then “safely” lend speculate XRP.”
On the market front, XRP is currently traveling in the red zone, slumped by just 0.33%. At the time of writing, the token was trading at a price of $0.37 with a market cap of $15.3 billion.
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Source: AMB Crypto

Bitcoin [BTC/USD] Technical Analysis: Bull to succeed over bear’s occasional threats

After a long bullish run, the cryptocurrency market seems to be having a tough time keeping the bear out of the market. At the time of writing, Bitcoin [BTC] was trading at a price of $3890 with a market cap of $67.8 billion. The total trade volume in the past 24 hours was recorded to be $5.8 billion.
1-hour:
Bitcoin one-hour price chart | Source: Trading View
In the 1-hour chart of the Bitcoin candlesticks, there is a steep uptrend ranging from $3238 to $3830, whereas the downtrend is extending from $4038 to $3926. Furthermore, the strongest resistance level is currently set at $4137 to curb the price hike. There is no possibility of a trend breakout, as of now, as no concentration in the price trend has been spotted.
The Parabolic SAR is currently bullish on the cryptocurrency. This is evident by the position of the dots that are aligned below the price candles.
The Aroon indicator is showing more strength in the uptrend, therefore giving a bullish prediction.
The Awesome Oscillator is denying the presence of a bull wherein the bars have turned red to speculate a negative fate for the coin.
1-day:
Bitcoin one-day price chart | Source: Trading View
In the 1-day analysis of the BTC chart, the candlesticks are experiencing a downtrend running from $6259 to $4079. Here, a support level is set at $3183. Same as above, there is no price-concentration observed, hence, a trend breakout does not seem visible.
The Bollinger Bands are closing in on each other to constrict the volatility of the price trend. Hence, a lower volatility is to be expected in the future market of Bitcoin.
The RSI is traveling in the bullish zone as of now, almost turning to a neutral stance. Therefore, a prediction by the RSI cannot be confirmed.
The MACD has made a bullish crossover by the signal to predict a positive future for the token. Furthermore, it is moving upward to confirm its prediction.
Conclusion:
In this technical analysis, a majority of the indicators are passing a green signal for the Bitcoin price trend. A lower volatility or a sideways trend can also be expected.
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Source: AMB Crypto

Ripple services to benefit new industry player: Cebuana Lhuillier

As the cryptocurrency market continues to run the bull-marathon, the worldwide adoption aspect of the blockchain space has also become exponentially promising in recent times. One of the biggest contributors that have worked towards crypto-adoption is Ripple, pushing XRP forward by utilizing it through the services provided by the RippleNet.
Cebuana Lhuillier is one such player in the industry that has now decided to use RippleNet products to advance its services technologically. It is a Philippine-based pawnshop and the signature brand of PJ Lhuillier Group of Companies.
Recently, Ripple also released its report of all the breakthroughs in 2018. Here, the company displayed its focus on adoption, markets and the regulatory framework. The executives at Ripple believe that the ASEAN region has progressed and is way ahead of the regulatory bodies in the USA in terms of regulatory clarity towards the cryptocurrency and blockchain space.
After partnering with Ripple, Cebuana Lhuillier has become the first player in the micro financial service sector to use the blockchain technology in its services.
Jean Henri Lhuillier, the Chief Executive Officer and President of Cebuana Lhuillier also commented on the company’s move to partner with Ripple. He said:
“Using xCurrent will improve efficiency on how we provide service to our clients. This will also highlight Cebuana Lhuillier’s commitment to further innovate and evolve—true to our reputation as best-in-class in our industry.”
On the market front, XRP has shown immense correlation with the price of Bitcoin [BTC]. As the king-cryptocurrency hit $4,000, all the other altcoins followed the lead and welcomed the bull. XRP, being no exception is close to hitting the milestone of $0.4.
At the time of writing, XRP was trading at $0.36 with a market cap of $14.8 billion. The 24-hour trade volume was recorded to be at $742 million.
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Source: AMB Crypto

Nouriel Roubini takes hit on Bitcoin [BTC] and others; focuses on 4,800 pump and dump schemes

In a recent tweet by Dr. Doom aka Nouriel Roubini, the veteran economist wrote that digital assets and the cryptocurrency market contain the maximum amount of manipulation in the human history.
He also addressed these digital assets as “shitcoins”, equating them to zero. The tweet referred to an article that mentioned a total of 4,800 pump and dump schemes involving cryptocurrencies. The original post read:
“4800 Pump & Dump schemes! Crypto is THE most manipulated financial market in ALL human history & manipulation of “assets” that are all shitcoins & worth ZERO. It makes the Wolf of Wall Street look like a naive amateur. And in spite of this sleaze shitcoins lost 95% this year!”
In the same article that Roubini referenced to, research by Toulouse School of Economics was mentioned. It stated that the research found a total of around 4,800 pump and dump schemes in the cryptocurrency space, signaling the sources to Telegram and Discord.
The distribution of the schemes was also mentioned allocating 3,767 to Telegram and 1,051 to Discord in the span of six months from mid-January to early July of this year. The article also pointed out, through the research, that the rank of a coin that is assigned on the basis of market cap and trade volume is the most significant aspect in determining the scale of profit from a pump and dump scheme.
ssv1978, a cryptocurrency and blockchain space follower and enthusiast wrote:
“The stock market is overheated, the debt burden of corporations, especially in the medium-sized US business sector, exceeds their capitalization tenfold, that’s where the bubble is and scam. Lol”
A., another Twitter user and a cryptocurrency enthusiast also commented:
“All this may be true but I still believe that the people who invented the negative interest rate scheme take the prize.”
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Source: AMB Crypto

SEC has lost its first legal battle in its unlawful quest against cryptocurrencies, says John McAfee

In recent tweets, John McAfee, the popular cryptocurrency enthusiast, and influencer have been talking about the United States regulatory body, the Securities and Exchange Commission [SEC].
The founder of McAfee Associates commented on the SEC’s administration of the cryptocurrency space and said that the authority’s interference is an “unlawful right”. In a previous tweet, McAfee had written:
“The SEC loses its first legal battle in its unlawful quest to regulate the Crypto space. As I pointed out, they have no lawful right to interfere with us. I can hardly wait for them to tangle with me. We are winning people.”
He also stated that the SEC is a corrupt body and has been rightfully put down by the legal system of justice. He also implied that the SEC should be shut down in order for less arrogant people to step forward and utilize the power in the right way that benefits the Americans.
Regarding the bull run of the cryptocurrency market, McAfee stated that Bitcoin [BTC] breaking above $4,000 is a sign of the market flip. According to the influencer, if it has turned, it is only the beginning. Moreover, he conveyed the point of view that 2019 could be the year the future generations look back on and name “the year of emergence”.
The Founder of McAfee Software has been a loyal participant as well as an oracle in the cryptocurrency and blockchain industry. From Docademic to Bitfi Wallet, he has supported several projects on his journey in the space. He also took initiative in calling out HitBTC when it was fiddling with the funds of its customers.
As of now, the crypto-market is blooming as it continues the bull-marathon. Here, all the big coins like BTC, XRP, Ethereum, Bitcoin Cash and suchlike have gained great momentum in their price as BTC crossed the $4,000 landmark.
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Source: AMB Crypto

Tron [TRX], Ethereum [ETH] soar above 10% each; bull visit pays off

As the cryptocurrency market rolls in joys of green and celebrates the homecoming of the bull, altcoins like Tron [TRX] and Ethereum [ETH] are seen rejoicing the most. The two coins have seen their price hike by a large scale since the beginning of this week.
At the start of the 7-day cycle, Tron was trading at a depreciated price of $0.013 with a market cap of $867.1 million. Till mid-week, the TRX token kept to a stable pace, moving in sideways motion. However, the coin saw its first upturn when its value appreciated to a bullish price of $0.0145 where its market cap reached over $969 million.
TRX 7-day price chart | Source: CoinMarketCap
The cryptocurrency did not hit the pause button post this upturn, it took a higher hike by trading at $0.0163 and jumping further up to a bullish price of $0.0175. The week-peak of the cryptocurrency was seen at a figure of $0.0185 with a market cap of $1.23 billion. In just a week’s time, the market cap of Tron gained an add-on of more than $250 million.
At the time of writing, Tron was trading at $0.0179 with a market cap of $1.19 billion. The total trade volume in the past 24 hours was recorded to be $166.5 million and has surged by over 11% in the past 24 hours.
On the other hand, Ethereum has behaved in a similar way throughout the week, with the prices moving sideways till mid-week and then rose up to address the bullish presence in the market.
At the beginning of the week, ETH was trading at a low price of $86 where its market cap was around $8.9 billion. However, the coin made a remarkable progress when it broke out above the $100 mark as the week approached the end.
Ethereum was trading at $114.28 with a market cap of $11.84 billion. The cryptocurrency has a trading volume of $3.19 billion and has seen a rise of over 10% in the past 24 hours.
Ethereum 7 day chart | Source: CoinMarketCap
At the peak of its glory across the 7-day cycle, Ethereum achieved a higher high of $118 with a market cap of $12.35 billion. However, this was still not enough to reclaim its second spot from XRP that overtook Ethereum’s spot early in November.
The post Tron [TRX], Ethereum [ETH] soar above 10% each; bull visit pays off appeared first on AMBCrypto.
Source: AMB Crypto

Ripple Blockchain Breakthroughs 2018: “Saw mainstream acceptance, adoption from Fortune 500 companies”

In the latest blog released by the leading blockchain fintech firm, Ripple, it talked about the breakthroughs that were made in the year 2018. According to Ripple, despite the contraction of the cryptocurrency market, the space saw much adoption and acceptance, especially in the ASEAN region where most of the innovation is taking place as of now.
Furthermore, Ripple mentioned that the blockchain technology and cryptocurrency space received mainstream adoption and acceptance from the institutional investors as well as the Fortune 500 companies. JP Morgan Chase and Goldman Sachs Group were also mentioned as the big companies that chose to explore the new technology.
On the front of Ripple’s own success stories, the blog implied that the company grew its global payment network to about 100 financial institutions. Ripple added:
“RippleNet began providing on-demand liquidity for cross-border payments using the digital asset XRP”
Some of the industry players mentioned in the breakthrough report were Cuallix, MercuryFX and Corporate Federal Credit Union. These were the early customers that adopted the technology and services of the RippleNet and took adoption of xRapid forward to fetch liquidity. Here, the blockchain firm defined its product xRapid as:
“…the Ripple product powering these transactions, and deliver faster, cheaper and more transparent payments to their customers.”
The main regions where Ripple has spread its remittance services are Latin America, Asia, and Europe. Here, the main players that utilize the technology are OnePay FX under Santander and CoinOne Transfer. Through these companies, Ripple has claimed the reach of millions of users on a global level who can access and avail the unique services.
A Twitter handle called PonziJohn responded to a Ripple Breakthrough video, stating:
“XRP will never have any case of use it was just created to make its funders very rich nothing else scam coin bankers coin will be the cause of the end of bitcoin this is the reason why coinbase don’t list it they know the truth”
Another user named Greg, an XRP follower and cryptocurrency space enthusiast cheered:
“Looking forward to Ripple lighting up the new year with XRP”
The post Ripple Blockchain Breakthroughs 2018: “Saw mainstream acceptance, adoption from Fortune 500 companies” appeared first on AMBCrypto.
Source: AMB Crypto