Top 5 Crypto and Blockchain Events We’re All Waiting for in 2019

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Top 5 Crypto and Blockchain Events We’re All Waiting for in 2019

While that the cryptocurrency industry is going through a very rough phase, here are the five events expected to set the growth trajectory of the crypto market in 2019.

Top 5 Crypto and Blockchain Events We’re All Waiting for in 2019

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Source: CoinSpeaker

Stellar Price Analysis: XLM/USD Trends of January 24–30, 2019

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Stellar Price Analysis: XLM/USD Trends of January 24–30, 2019

Further increase of the bears’ pressure may push the coin to its previous low and in case the bulls defend this level of $0.09 Stellar price may have its resistance at $0.13 price level.

Stellar Price Analysis: XLM/USD Trends of January 24–30, 2019

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Source: CoinSpeaker

Tron [TRX/USD] Technical Analysis: Bulls help the price to breach through the immediate resistance

Tron [TRX] is pushing Ethereum out of the stage as it is better at scaling and is performing splendidly in terms of Dapps. The ninth-largest cryptocurrency in the world [by market] seems to be doing better than other cryptocurrencies.
The market cap of TRX is shy of $200 million to reach the $2 billion mark and the price at the time of writing was at $0.0270. The 24-hour trading volume of TRX was at $221 million.
1-hour
Source: TradingView
TRX prices show no sign of stopping now since they’ve broken the support at $0.0267, whereas the support line at $0.0212 has held the prices steady so far. The uptrend for TRX extends from $0.0215 to $0.0237, while the downtrend ranges from $0.0328 to $0.0273.
The MACD indicator shows a bullish crossover over the zero-line and is heading towards the upside. The histogram is slowly representing the same.
The Awesome Oscillator shows a failed attempt at a bearish crossover as the green bars are extending in height, indicating an increase in momentum and hence, an increase in the price.
The Parabolic SAR markers are seen forming below the price candles, supporting and pushing the prices to go higher.
1-day
Source: TradingView
The MACD indicator shows a possibility of a similar scenario as seen in the one-hour chart, a bullish crossover as the MACD and the signal lines are eerily close to each other.
The Stochastic indicator shows a perfect bullish divergence as the prices are rising continuously but the Stochastic shows a decreasing trend. The trend for Stochastic was changing at the time of writing as it was undergoing a bullish crossover as well.
The Chaikin Money Flow shows a negative indication as the money moving into the TRX markets is low and not coinciding with the bullish trend.
Conclusion
The one-hour chart is lit with bullish signals as indicated by the SAR, MACD, and AO indicators. The one-day is also showing promising signs for Tron in the future as indicated by the MACD, CMF, and Stochastic indicators.
The post Tron [TRX/USD] Technical Analysis: Bulls help the price to breach through the immediate resistance appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV] Technical Analysis: Long-term volatility drops; short-term bulls arrive

Bitcoin SV managed to run with the market momentum and saw meager gains, as the market rose from its monthly low of $117.78 billion to cross the $120 billion mark. Barring XRP’s minor decline, the rest of the top coins in the market are seeing minimal green with Bitcoin Cash [BCH] being the highest gainer.
At press time, the nChain spearheaded project, Bitcoin SV, has edged up the US dollar by 1.37 percent and is priced at $76.27. The market cap of the BCH hardfork is on the rise at $1.34 billion, with a large gap of over $200 million re-established against the eleventh-placed Cardano [ADA].
In terms of exchange volume dominance, the top two spots are taken by BitMart, with the following BSV trading volumes: $6.94 million at 11.58 percent and $6.18 million at 10.31 percent in the BSV/BTC and BSV/USDT trading pairs respectively.
1-hour:

The one-hour points to a recent uptick in the BSV prices as the collective market resurged, portrayed by the uptrend extending from $75.24 to $77.61. Previously, the coin saw two significant downtrends the first, a more severe one, extending from $85.02 to $77.7, and the second one from $77.7 to $75.27.
Bitcoin SV is closing in on its immediate resistance level placed at $77.40, after shooting up from its immediate support level of $74.34. The previous support and resistance level stood at $75.95 and $78.98 respectively.
The Bollinger Bands point to an uptick in the short-term volatility of the coin, marked by its recent increase. The Moving Average line indicates a bullish swing for the coin in the short-term.
The Chaikin Money Flow indicates that investors are putting funds into Bitcoin SV, signaling a bullish market as the CMF line is above 0.
The Fisher Transform indicator points to a cross-over of the Fisher and Trigger lines as the BSV market looks bullish.
1-day:

The one-day chart points to a bearish market, since the coin emerged in mid-November 2018, with stabilizing forces coming to the fore recently. The coin’s volatile price movement has subsided with relatively consistent daily changes for Bitcoin SV, following the trend of the collective market. Bitcoin SV has not managed to break the $100-price mark, nor has it fallen below $70 since the year began.
One major downtrend overshadows the coin’s one-day trend line, stretching from $219.20 to $78.43, and a brief uptrend experienced during mid-December, extending from $75.52 to $113.73. As mentioned earlier, BSV has begun to stabilize with the immediate support and resistance levels fairly close to each other at $74.67 and $84.63 respectively.
The MACD line indicates that the coin has been trading in a bearish market for most of its existence, barring a brief bullish swing in late-December.
The Parabolic SAR shows that the coin is in a bearish market as the dotted lines are aligned above the coin’s trend line.
The Relative Strength Index has not risen above the 50-mark since the coin emerged post the hardfork, the RSI at press time stands at 41.3.
Conclusion:
The volatile spree of Bitcoin SV is likely to end as the coin begins to settle in. In the short-run, indicators point to a bullish market as the collective market looks green, however, in the long-run, since its split from Bitcoin Cash, the coin has been in a bearish market, with recent signs of market stabilization.
The post Bitcoin SV [BSV] Technical Analysis: Long-term volatility drops; short-term bulls arrive appeared first on AMBCrypto.
Source: AMB Crypto

Litecoin [LTC] Technical Analysis: Bears retain long-term control of the LTC market

Cryptocurrencies around the world have taken a tumble of late, especially since January 10, and the case of Litecoin [LTC] is no different. LTC has been going through a regular downslide since the heights of the previous year and despite some bullish resistance, is struggling to improve on its value against the US dollar which stands at $31.83 presently.
At the time of press, LTC retained its eighth-position in the list of world’s largest cryptocurrencies with a market capitalization of $1.914 billion. It also has a 24-hour trading volume of $602.28 million with ZB.com, contributing a significant 7.98% via the trading pair LTC/USDT.
1-hour
Source: TradingView
The uptrend for LTC in the one-hour time frame is struggling to hold and extends from $31.071 to $32.049. However, there is still some way to go before LTC overhauls the downtrend that extended from $33.375 to $31.179. Both the resistance and support points are holding steady at $32.479 and $30.897 respectively.
The Bollinger Bands are holding steady after it seemed that they were contracting. This suggests that volatility is holding steady for the time being.
The Aroon indicator has the Aroon up line cross and go over the Aroon down line and is thus, closer to 100, indicating that some bullish resistance has overpowered the predominant bearish trend of the market for the time being.
The Relative Strength Index indicator has the trading market neither being oversold or overbought, suggesting that both the buying and selling pressures have evened themselves out.
1-day
Source: TradingView
The long-term chart for LTC gives a more bleak reflection of the fortunes of LTC. The bearish market dominates trends as the coin is yet to reverse the huge downtrend that extended from $89.180 in mid-July last year to $40.155 last week. The uptrend extended from $29.304 to $40.079, but it was brief and has since dissipated.
Both the resistance and support points at $40.203 and $23.422 respectively, have also held firm against bullish and bearish market pressures.
The Parabolic SAR has all the markers above the candlesticks, indicating that the brief bullish resistance has been snuffed out and that the bears have retained overwhelming long-term control of the market.
The MACD line has the signal line hovering under the MACD line, indicating a bearish market. However, the histogram would suggest otherwise which means that gradually, the bearish trend is flattening thanks to bullish influence.
The Chaikin Money Flow indicates that the market is trending below the point of zero, suggesting that money is still trickling out of the market and that it remains a bearish market despite bullish efforts to the contrary.
Conclusion
The one-hour chart suggests a minor bullish trend to LTC’s prices, as is suggested by indicators such as Bollinger Bands, Aroon and RSI. On the other hand, the long-term, one-day chart suggests a bleaker market with the bears still retaining control over much of the Litecoin [LTC] market.
The post Litecoin [LTC] Technical Analysis: Bears retain long-term control of the LTC market appeared first on AMBCrypto.
Source: AMB Crypto

XRP/USD Technical Analysis: Bear still seems to have strong hold on the coin

The cryptocurrency market may not be surging, but is not plunging much either. However, at the time of press, the second largest coin XRP is trying to maintain a foot on the green pastures.
The coin was valued at $0.3181 with a market cap of $13 billion. The coin reported a 24-hour trade volume of $422 million with a growth of 0.56% in the past day. The coin has plunged in the past seven days by 3.39% but is on the path to recovery as it notes a growth by 0.06% in the past hour.
1-hour
Source: Trading View
The one hour chart of XRP indicates an uptrend from $0.3344 to $0.3394, which further turns to a downtrend that starts from $0.3394 to $0.3256. The coin marks an uptrend from $0.3185 to $0.3227. The coin marked resistance at $0.3256 and marked strong support at $0.3185.
Bollinger Bands appears to be at a point of convergence, slowly decreasing the market volatility. The moving average line is over the candlesticks, marking a bearish market.
Awesome Oscillator indicates a bearish market losing momentum.
Chaikin Money Flow, on the other hand, marks a bullish trend as the marker is above zero.
1-day
Source: Trading view
Considering the one day chart of the coin, an uptrend is visible from $0.2684 to $0.4831 but is followed by a downtrend from $0.3826 to $0.2906. Whereas a second downtrend is observed from $0.5158 to $0.3754. The resistance is marked at $0.4141 and support is marked at $0.2906.
Parabolic SAR makers a bearish market, as the markers have aligned above the candles.
MACD line is under the signal line, pointing towards a bearish market.
Relative Strength Index indicates that the buying and the selling pressure are evening each other out.
Conclusion 
As per the indicators, Bollinger Bands and Chaikin Money Flow, a bullish market is predicted. However, going by the majority of indicators like Awesome Oscillators, Parabolic SAR, and MACD, a bearish trend may continue.
The post XRP/USD Technical Analysis: Bear still seems to have strong hold on the coin appeared first on AMBCrypto.
Source: AMB Crypto

XRP community member gets a reply from US Congressman; says cryptocurrencies should be promoted

The field of cryptocurrencies has received multiple opinions from various sectors of society. While proponents of the space have been very active in promoting the industry, it has also been at the receiving end of a lot of backlash and criticisms. As a positive step for cryptocurrencies such as Bitcoin [BTC] and XRP, Rob Woodall, a United States Congressman recently commented on the benefits and need for digital assets.
In an e-mail reply to ATL XRP, a member of the XRP community, Woodall stated:
“I absolutely agree with you that the federal government should do its best to promote the United States as the world leader in innovation and to encourage, rather than stifle, the growth of new industries. Certainly, this school of thought should apply to cryptocurrencies.”
The Congressman’s reply was on a request to support the H.R.7356, the “Token Taxonomy Act”. He stated that the bill, although expired in December of last year, could be revisited during the new Congress session. He further added:
“I look forward to learning more about this legislation from Representatives Davidson and Soto should they choose to reintroduce the measure this year”.
The United States Congress has been quite active when it comes to cryptocurrencies, with even letters being written by members to the Securities and Exchanges Commission [SEC]. Last year, Jay Clayton, the Chairman of the SEC had pointed out the distinction between digital assets that can be considered as securities and ones that cannot.
The letter stated:
“Current uncertainty surrounding the treatment of offers and sales of digital tokens is hindering innovation in the United States and will ultimately drive business elsewhere. We believe that the SEC could do more to clarify its position.”
The letter was sent post a roundtable discussion on cryptocurrencies that was aimed to establish the legislative pointers around the field of cryptocurrencies and blockchain technology.
The post XRP community member gets a reply from US Congressman; says cryptocurrencies should be promoted appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Technical Analysis: Token turns the tide, emerges as highest gainer amongst top-10 coins

Bitcoin Cash has come to the fore, emerging as the highest-gainer in the top-10 as the collective market shot-up above the $120 billion-mark. The fourth-largest cryptocurrency is now head and shoulders above the rest of the coins in the market, in terms of 24-hour price increase, with a massive 7 percent price increase in a bearish market.
On 22 January, the BCH price slipped to a one-month low of $118.8, following which it saw a 10.79 percent increase as the coin’s price shot up to $131.64. The market cap of the coin surged by over $225 million in less than a day and is now valued at $2.31 billion.
Exchange dominance has also seen a re-shuffle, with the top spot being taken over by L-Bank, with a BCH trading volume of $22.52 million or 7.57 percent in the BCH/BTC trading pair. The following two spots are taken by P2PB2B in the BCH/USD and BCH/BTC trading pairs respectively.
1-hour:
Source: Trading View
It comes as no surprise that the one-hour BCH trend line shows a stand-out green uptick as the BCH price rapidly rose. Two prominent uptrends can be noticed, the first, larger one, stretching from $120.77 to $129.3 and the second, shorter one, extending from $127 to $130.12. Prior to the uptrends, the BCH price fell during the past weekend, indicated by the downtrend from $128.54 to $121.78.
Bitcoin Cash has skyrocketed past its immediate support level pegged at $119.94 and it is very likely to break its resistance placed at $130.49. The previous support and resistance levels of the coin were placed at $125.72 and $130.18 respectively.
The Chaikin Money Flow indicator points to a bullish market as the CMF line is above 0, indicating an inflow of money into BCH.
The Parabolic SAR shows that the coin is trading with bullish momentum as the dotted lines are aligned below the coin’s trend line.
The Awesome Oscillator confirms the above indications, as the AO line is green, showing a bullish swing to the BCH market.
1-day:
Source: Trading View
Despite the positive signs in the above one-hour chart, the one-day chart indicates that post the hardfork, BCH prices are on a steep decline, indicated by the massive downtrend stretching from $626.31 in mid-November to $139.64 in January. A brief uptrend, immediately prior to the hardfork, is also noticed from $429.62 to $628.56.
Bitcoin Cash’s support level of $76.7 has long been surpassed, with the coin trading at almost double of the support figure. However, the recent increase in the BCH price is still not close to the immediate resistance level of $196.84.
The Bollinger Band points to a long-run decrease in volatility for the coin as the Moving Average line shows that the coin is trading in a marginally bearish market.
The Fisher Transform indicator shows a crossing over of the Fisher and Trigger lines, indicating a bullish Bitcoin Cash market.
The Relative Strength Index has been on the rise since the week began and is currently pegged at 43.64, up from a low of 37.34 from last week.
Conclusion:
Bitcoin Cash is currently leading the top-10 coins list in terms of short-term price increase, which is confirmed by the one-hour chart indicators, pointing to a bullish market. In the long-run, however, the coin is still fighting off the bears and is looking to break into a bullish zone, with the one-day chart indicators pointing to the same.
The post Bitcoin Cash [BCH] Technical Analysis: Token turns the tide, emerges as highest gainer amongst top-10 coins appeared first on AMBCrypto.
Source: AMB Crypto

Coinbase Forays Into Asia Targeting High Volume Businesses with New Trading Services

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Coinbase Forays Into Asia Targeting High Volume Businesses with New Trading Services

Now Coinbase will provide high-volume clients across the Asian region with its professional trading and custody services.

Coinbase Forays Into Asia Targeting High Volume Businesses with New Trading Services

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Source: CoinSpeaker

Ripple/XRP: R3 and ING get into a partnership for large scale Corda Enterprise adoption

R3 has finalized a partnership with ING bank which will open ING to an unlimited number of licenses for R3’s commercial blockchain platform, Corda Enterprise.
The partnership deal between R3 and ING is for a span of five years which encourages adoption of CorDapps across a wide range of business functions.
Annerie Vreugdenhil, Head of Innovation for wholesale banking at ING, said:
“Our longstanding joint journey with R3 has proven that this is the most mature enterprise DLT solution to serve the needs of the financial service industry… We are one step closer to deploying live DLT solutions for our clients with the supported infrastructure in place.”
The CEO of R3, David E. Rutter said that ING bank has been a valuable and long-term partner of R3’s and that they have been an enthusiastic adopter of the blockchain. He said:
“As ING takes full advantage of access to Corda Enterprise, we look forward to seeing how the diverse CorDapp ecosystem can deliver gains in productivity, efficiency and profitability across the bank’s diverse business areas.”
R3 is an enterprise blockchain software firm with over 300 partnerships in both private and public sectors which are spread all across the world in multiple sectors like the finance, identity, insurance, and capital markets.
Moreover, R3 recently launched the “Corda Network” on January 16, 2019, which would be managed by a not-for-profit foundation, “Corda Network Foundation”. The foundation will operate independently of R3 and its decision making will be transparent and available to all networks.
Corda Network allows settlement of funds and transfer of data between communities of nodes which could be a collection of business networks and/or private networks which can be done via the CorDapps.
Furthermore, Corda Settler can settle payment obligations arising on Corda with XRP, which is integrated with the Corda settler. Moreover, Corda Enterprise offers additional features targeted at the needs of large and complex organizations, such as the world’s only Blockchain Application Firewall, 24/7 support, dedicated product management and support for industry-standard enterprise databases.
The post Ripple/XRP: R3 and ING get into a partnership for large scale Corda Enterprise adoption appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] integrated on peer-to-peer trading platform BitQuick

BitQuick, the over-the-counter cryptocurrency marketplace has increased its coverage by adding the fourth largest cryptocurrency in the market, Bitcoin Cash [BCH] to its platform. This inclusion will allow peer-to-peer purchase and trading of BCH in less than three hours, BitQuick claims.
The marketplace is owned and operated by Athena Bitcoin, which operates Bitcoin and other cryptocurrency ATMs in the US, Columbia and Argentina. Athena Bitcoin also operates Mercado Athena, another BTC marketplace.
Additionally, BitQuick is also used by traders to convert digital currencies to fiat or vice versa in the following countries: US, Canada, Europe, Russia, and Australia.
BitQuick is pegged as a “relatively decentralized” platform as it offers Localbitcoins’ like multi-signature escrow system which allows it to operate relatively freely in the US’ regulatory atmosphere while adhering to the Know Your Customer [KYC] requirements and transactions limits.
At the moment, BitQuick operates in 49 states in the US, with New York being the only exception. Back in 2015, the peer-to-peer Bitcoin market place ended their New York operations as they could not comply with the state’s BitLicense that required every local Bitcoin seller to apply for a license.
The marketplace also accounts for privacy as they do not store their client’s private keys, relying on escrow settlement to generate them. Customers will be allowed to trade up to $250,000 using P2SH [Pay to Script Hash] multi-signature addresses.
In order to gauge the market demand and accordingly expand their cryptocurrency coverage, BitQuick will send out a survey to traders before adding on to their Bitcoin and Bitcoin Cash markets.
The BitQuick announcement comes right when Bitcoin Cash has been enjoying a bullish market, as it saw a price increase of more than 7 percent in the past 24 hours. The overall market has increased by over $2 billion as major coins are awash in green, with BCH leading the charge as the highest gainer in the top-10.
In recent news, Bitcoin Cash proponent and CEO of Bitcoin.com, Roger Ver sparked controversy by comparing Bitcoin [BTC], in its original form, going by its 2009 whitepaper, to Bitcoin Cash in its current form as the only true, “peer to peer electronic cash system for online payments.”
The Bitcoin community on Reddit accused Ver of “borderline scamming” new and uninformed investors who want to invest in Bitcoin and not in its hardfork Bitcoin Cash.
The online community has also credited Ver’s website Bitcoin.com as one of the main mouthpieces of the pro-Bitcoin Cash narrative. Last week, one outspoken critic John Carvalho, known in the community as Bitcoin Error Log, challenged Ver to a “fight” with the rights of Bitcoin.com hanging in the balance.
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Source: AMB Crypto

Pavel Durov Set to Launch His Gram Token and TON Blockchain Platform in March Already

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Pavel Durov Set to Launch His Gram Token and TON Blockchain Platform in March Already

According to the developers, TON will be released to investors in January. The mainnet launch of Gram is set to commence as early as March this year, with its debut in Japan. 

Pavel Durov Set to Launch His Gram Token and TON Blockchain Platform in March Already

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London Stock Exchange Hooks Into Crypto Industry Powering Hong Kong-based Exchange AAX

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London Stock Exchange Hooks Into Crypto Industry Powering Hong Kong-based Exchange AAX

The London Stock Exchange is selling its trade-matching technology to a new cryptocurrency exchange AAX that is based in Hong Kong.

London Stock Exchange Hooks Into Crypto Industry Powering Hong Kong-based Exchange AAX

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Binance, Huobi and More Announce Support of the Upcoming BitTorrent Token (BTT) Airdrop

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Binance, Huobi and More Announce Support of the Upcoming BitTorrent Token (BTT) Airdrop

The BTT airdrop program is set to start on February 11, 2019, and will continue until 2025, with allocations dispersed yearly. It has already received support from Binance, OKEx, Huobi, and other exchanges.

Binance, Huobi and More Announce Support of the Upcoming BitTorrent Token (BTT) Airdrop

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Source: CoinSpeaker