Nasdaq CEO: Crypto Could Still Be ‘Global Currency of Future’

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Nasdaq CEO: Crypto Could Still Be ‘Global Currency of Future’

Even as global market s become more digitized and automated, humans will remain essential to markets, according to Nasdaq President and Chief Executive Officer Adena Friedman.

Nasdaq CEO: Crypto Could Still Be ‘Global Currency of Future’

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

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XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

In case the XRP price declines to the previous low of $0.28 and the price bounces then the traders should look for an opportunity to place a long position and take their profit at $0.38 price level.

XRP Price Analysis: XRP/USD Trends of January 23–29, 2019

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Source: CoinSpeaker

Bitcoin Cash [BCH] Technical Analysis: Bears charge towards BCH following weekend decline

Bitcoin Cash [BCH], the fourth-largest cryptocurrency has been pushed down due to the bearish market forces yet again. The collective cryptocurrency market fell by a massive $5 billion over the weekend and since correcting forces have not stepped in yet, the market cap is languishing at $118 billion, its lowest since mid-December.
At press time, BCH has declined marginally against the US dollar in terms of 24-hour price change, however, the market cap of the coin has fallen to $2.14 billion, just $20 million ahead of EOS [EOS], in the fifth place.
In terms of exchange-volume dominance, Bitcoin Cash [BCH] is being traded the most on P2PB2B with the following three trading pairs: BCH/USD, BCH/ETH, and BCH/BTC accounting for the following share: 8.24 percent, 7.51 percent, and 7.43 percent respectively. The next two exchanges holding maximum BCH volumes are HitBTC and LBank.
1-hour:

The one-hour Bitcoin Cash trendline boasts two prominent downtrends with contrasting severities. The first occurring prior to last weekend extends from $130.02 to $127.2, the second beginning at the close of the weekend extended from $128.49 to $$121.47. A meager uptrend was also noticed from $127.16 to $129.5.
Bitcoin Cash’s immediate support level is pegged at $119.64, which the coin is hovering over. The immediate resistance level of the coin is $123.07, which the coin slipped below on 20 January. The other resistance and support level of the coin is at $130.43 and $125.37.
The Bollinger Bands point to a decline in the volatility of Bitcoin Cash, as the weekend’s price fluctuations have stabilized. The Moving Average line points to a bearish trend in the market.
The Fisher Transform indicator points to a bearish market as the Fisher line has overtaken the Trigger Line.
The Awesome Oscillator indicates that the Bitcoin Cash market has been taken over by the bears, as the AO line is below 0.
1-day:

The one-day trend line boasts a significant downtrend during the Bitcoin Cash hardfork that split the coin in two and sent the market into a spiral. The first downtrend began prior to the hardfork and extended from $854.67 to $452.38, 47.06 percent decline, and the second one, post the November hardfork extended from $628.38 to $134.94, a whopping 78.52 percent decline.
The immediate key support level of the coin stands at $72.09, which the coin has not come close to since mid-December. The immediate key resistance level stands at $197.80, which the coin fell below at the beginning of the month. The previous support level stood at 411.52. The previous resistance levels were pegged at $650.38 and $628.38 respectively.
The Chaikin Money Flow points to withdrawal of money from Bitcoin Cash as the CMF line has dipped below 0.
The MACD Line points to a mildly bearish trend. Bitcoin Cash almost broke into a bullish territory at the beginning of the year but because of the bearish pressure, it failed to escape.
The Parabolic SAR points to a bearish market as the dotted line is aligned above Bitcoin Cash’s trend line.
Conclusion:
In the short term, Bitcoin Cash [BCH] has severely declined as the week began, trading at a low of around $119.34, while last week it saw a high of $131.69. However, in the long-run, the bears have softened their grip on the BCH market, as the trend line looks to stabilize and major indicators point to only a marginal bearish momentum for the coin.
The post Bitcoin Cash [BCH] Technical Analysis: Bears charge towards BCH following weekend decline appeared first on AMBCrypto.
Source: AMB Crypto

BitTorrent creator: “never been affiliated with Tron or Justin Sun”

Tron [TRX], the ninth largest cryptocurrency in the space, has been making a lot of buzz in the space. This has led to the coin gaining a lot of attention from other communities in the space as well. The main reason it is currently a hot topic of the space is its BitTorrent acquisition.
BitTorrent is considered to be one of the biggest acquisitions in the space as it has always been greeted with high-regard by several influencers in the space as it is the largest file-sharing peer-to-peer platform around the globe and because of its use-cases.
The speculation of Tron acquiring the platform was doing its rounds in the space much before the actual announcement. Additionally, some reports claim that Justin Sun, the Founder and CEO of Tron Foundation, had filed for a temporary restraining order on the platform as the software company had started look for more prospectus bidders. In the end, the Foundation acquired the biggest Torrent platform for over $140 million.
This was soon followed with news that employees had started to take the exit route after the acquisition, wherein five employees were confirmed to have left the firm. This turned out to a major blow for the Foundation as they released a statement clarifying the entire situation, citing that despite some taking the exit gate there were many who joined the bandwagon.
Now, Bram Cohem, creator of BitTorrent, has spoken about the Tron and the Founder on his official social media handle. He said on Twitter:
“I’m no longer in any way affiliated with BitTorrent and have never been affiliated with Tron or Justin Sun”
Along with this, the creator also spoke about the speculation of Sun investing in his current project, Chai Network. Cohem has clarified that neither Sun nor the Foundation have any shares in the project.
Chris Burniske, Partner at Placeholder said on Twitter:
“@Tronfoundation’s$TRX is pumping because it will allow people to claim #BitTorrent-coin ($BTT). Though, per tweets like Bram’s & other whispers, Tron is just shilling BitTorrent’s brand, while talent bleeds & workability of $BTT is an afterthought.”
Recently, the Former Chief Strategy Officer of BitTorrent, Simon Morris was also in the limelight for his statement against the Foundation’s current project and Justin Sun. In an interview with Breaker Magazine, he stated that Tron network will not be able to process BitTorrents’ transactions.
Nonetheless, this was soon brushed off by Sun, wherein he claimed that the team will be opting for on-chain/off-chain transactions and ensure that Tron network will be able to handle the token’s transactions.
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Source: AMB Crypto

EOS’s Brock Pierce: Ethereum [ETH] will be in trouble if it does not solve scaling issue this year

The cryptocurrency market’s roller-coaster movement has been noted by a lot of proponents in the space, with many predicting the bearish behavior to last for more time. In a recent chat with CryptoTrader Ran NeuNer, Brock Pierce, the current Chairman of the Bitcoin Foundation and co-founder of the EOS Alliance, spoke about the fall of Mt.Gox and the behavior of the cryptocurrency market right now.
Pierce stated that Mt.Gox being one of the first major cryptocurrency exchanges had a lot riding on it and its fall sent shockwaves across the industry. He said:
“The fall of Mt.Gox incurred massive reputation damage and the feeling that it propagated throughout the industry was crazy. People thought that since Mt.Gox got hacked, Bitcoin must be unsafe too. We need to create safer and better practices in the field.”
The EOS Alliance co-founder was also of the opinion that custodial issues need to be solved and that twenty nineteen will be the year of BUIDL. Pierce added 2018 was the year of HODL while 2017 was when the term ‘lambo’ came into the fore. According to him, it is very difficult to retain people in a bull market. He then gave his comments on the scalability issue persistent among a lot of cryptocurrencies. In his words:
“If Ethereum does not solve the scaling this year then there will be a problem. The market is not going to wait for them to catch up, especially with all the generation 3 blockchains coming up. EOS is currently the number two chain in terms of developers with a lot o runway. It also helps in having the most advancement form of solving scalability issues.”
Brock Pierce informed users of exclusive information related to DApp token. He said that Bancor and Liquid EOS will solve the RAM and CPU issues probably by February. He focused his discussion on the effect of communities in the cryptocurrency space, citing “community is everything, technology comes later”.
Looking at the new year, Pierce opined that the sectors of adoption and the fundamental building is on the right path, and in some cases at its peak. He closed the discussion by adding:
“I rarely make predictions but I have a feeling by the end of this year we will see apps built on the blockchain that will have a million users.”
The post EOS’s Brock Pierce: Ethereum [ETH] will be in trouble if it does not solve scaling issue this year appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX/USD] Technical Analysis: Bears pressure the bulls out of the scene

Tron has been known to defy the market trend on multiple occasions and it was doing the same at the time of writing. The prices of Tron are up by 4.15% with a market cap of $1.74 billion while the 24-trade volume is at $248 million.
Most of the trade volume for TRX comes from the exchange Upbit, a Korean exchange via the trading pair TRX/KRW.
1-hour
Source: TradingView
The one-hour chart for Tron shows an uptrend that extends from $0.0215 to $0.0237, while the downtrend extends from $0.0328 to $0.0264. TRX prices have moved away from the support at $0.0212 and towards its imminent resistance point at $0.02678. The subsequent resistance point can be seen at $0.0328.
The Parabolic SAR indicator indicates a bearish move as the markers have spawned above the price candles.
The MACD indicator has finished a quick bearish crossover and seems like it might undergo another crossover, but a bullish one, unlike the recent crossover.
The Awesome Oscillator shows a decreasing momentum as the bars are reducing in size and the bars are transitioning from red to green bars.
1-day
Source: TradingView
The one-day chart shows a small uptrend that extends from $0.0132 to $0.0215 while the uptrend extends from $0.0287 to $0.0725. The support at $0.0120 is holding good even in the longer one-day time frame. The resistance line at $0.0268 was breached briefly as the price moved above it and has now come back down again.
The Aroon indicator shows a crashing uptrend that has reached the zero-line, while the downtrend line has failed trying to come back up.
The Chaikin Money Flow shows a crashed CMF line to an oversold zone. The money for TRX is flowing out of the market.
The Relative Strength Index shows a slightly higher buying momentum as the RSI line has crossed above the 50-line.
Conclusion
The SAR, MACD, and AO indicators all indicate a bearish aura hanging over Tron in the one-hour chart. The one-day chart for TRX shows a sideways trend as indicated by Aroon, CMF, and RSI markets.
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Source: AMB Crypto

Bitcoin SV [BSV] to revolutionize the world of peer-to-peer web payments, says Craig Wright

Craig Wright, the chief scientist at nChain and the biggest proponent of the Bitcoin Cash hardfork, Bitcoin SV [BSV] has formulated yet another breakthrough application for the two-month-old cryptocurrency.
In a Medium post titled, “Taking money over the web using Bitcoin – the way it was designed,” Wright spelled out how BSV could be used to enhance peer-to-peer online payments.
Keeping privacy at the core, Wright explains how the cryptocurrency can be accepted by a web server and how fiat currencies and other tokens can be exchanged through this application. nChain believes this innovation will allow a more structured, organized and efficient system of BSV transfer.
This application will use nChain’s patented technology for Deterministic Key Generation and Secure Split Key Technique and will also allow the Electronic Data Interchange [EDI] between the tools and messages.
Financial transaction recording systems will be greatly benefitted through this application in four different ways. Firstly, the hierarchical key structure allows for the creation of an identity key which will ensure authenticity and integrity when information is exchanged while sub-keys will be created for regular use.
Secondly, the keys can be used to show evidence of past transactions while maintaining privacy by separate allocation and dissemination of the keys.
Thirdly, the keys are tied together within the network and hence, any breach via one of the keys will prevent access to other “orders of purchases” of the client.
Fourthly, Wright has also accounted for the tax audits in these transactions. The application will allow public audits by the government’s tax authorities to be automated while sticking to the required legislative and accounting guidelines.
This latest application comes in line with Craig Wright’s Metanet project, which he calls, “The Fourth Industrial Revolution.” Through this project Wright wants to integrate the original 2009 Bitcoin blockchain onto the Internet, as announced post the hardfork in November at the Coin-Geek Week conference in London.
Bitcoin transactions will be used to transfer data that is compressed, data storage will be through blockchain transactions, thereby creating a more secure and economically efficient system, compared to the current technology.
Furthermore, this project will allow easier and more efficient ways to distribute web content and build e-commerce business models using Bitcoin’s micro-transactions.
Last week, the nChain chief scientist announced the “Smart-card-based mobile wallets,” which would use Bitcoin SV’s wallet to authenticate smart cards and even allow for a biometric scan. Wright explained that this technology could be used for passport and other document verification and also to encrypt data on computers.
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Source: AMB Crypto

Haven Protocol [XHV]’s “exit scam” put on hold as developer comes back to shoo away the FUD

The Haven Protocol community panicked as they believed that the developer might have abandoned the project and it could turn out to be yet another “exit scam”. The panic was thwarted as the developer came back from what seemed like a long absence and confirmed that the exit scam was just FUD.
The developer’s Twitter handle @havendev was tagged in a thread on January 21, 2019, by a user @cryptoblkbeard saying that Haven Protocol was an exit scam.
The thread contained a screenshot of a Discord chat of user @news.ctuler who seemed distraught due to the absence of the core developer of the project.
news.cutler said:
“Consider this project dead unless some devs take it over.
@havendev is apparently the only person with access to the code repository was asked weeks ago to open it up so other contributor could help out and review the code.
Ever since then we haven’t heard from him.”
He continued saying that the developer was asked to make the dev fee transparent and there was still no reply from the core developer. news.cutler said that he would be gone even if the core developer showed up.
Another Discord user @donjor said that he concurred with news.cutler and that they could fork the repository if need be and as long as it helped the Haven community. He said that he would try and connect with @havendev and gain access to the code.
After all the commotion on Twitter and Discord, the developer reached out to the community and put an end to the FUD of Haven Protocol being an exit scam. He said:
“Haven development has been ongoing. I have still been working on the offshore code through Christmas and new year. I stepped down from running the Discord and social networks 4-6 months ago and handed that control over to @donjor and @news.cutler.
In light of the insane amount of FUD, and although I want to keep the offshore code under wraps I will prepare it and hand it all to the team so that they can hire new devs to work o nn it. I will continue to help the team where I can.”
More updates from the community about the code repository are yet to surface. The price of XHV dropped on January 21, 2019, and it has spiked up from $0.3097 to $0.3679. The 24-hour price change shows a massive 9.17% increase after the positive news about the dev.
The post Haven Protocol [XHV]’s “exit scam” put on hold as developer comes back to shoo away the FUD appeared first on AMBCrypto.
Source: AMB Crypto

Ripple Further Spreads Its Reach Joining Chinese University for Blockchain Scholarship Program

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Ripple Further Spreads Its Reach Joining Chinese University for Blockchain Scholarship Program

Ripple recently partnered with the Institute for Fintech Research, Tsinghua University to offer scholarships. They aim to sensitize the Chinese young leaders about blockchain’s international regulations.

Ripple Further Spreads Its Reach Joining Chinese University for Blockchain Scholarship Program

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Bitcoin.org founder worried about Jihan Wu’s disappearance post Bitmain ousting

Jihan Wu, the former CEO of Bitmain, the Bitcoin mining manufacturer, has absconded from social media leaving the cryptocurrency community worried, especially the co-owner of Bitcoin.org and Bitcointalk.org, known by his pseudonym Cobra.
Trouble began brewing back in November when the Bitcoin Cash community was split between Jihan Wu and Roger Ver’s Bitcoin Cash ABC and Craig Wright’s Bitcoin Cash SV. The two factions had a heated dispute, following which the coin hardforked into two new cryptocurrencies, which both currently occupy spots in the top-10 list.
Market forces dipped the prices of cryptos to a yearly low following this split. Bitmain also demoted Jihan Wu from director to supervisor in November and in the following months, rumors regarding the resignation of the co-founders Jihan Wu and Ketuan Zhan began to float.
Both Jihan Wu and Ketuan Zhan have been under fire since the close of last year. Wu was lambasted by not just Bitmain but the cryptocurrency community for backing Bitcoin Cash, which has been on a bearish spree since the hardfork, with Zhan criticized for his poor diversification decisions.
While both Jihan Wu and Ketuan Zhan will still remain a part of the company as stakeholders, Wu will be ousted as Bitmain’s CEO with an appointment imminent. However, since the news of this replacement surfaced, Jihan Wu has retreated from social media, leaving many worried.
Cobra, the co-owner of bitcoin.org and friend of Jihan Wu, voiced his concern about Wu’s “sudden disappearance”, stating:
“Jihan has disappeared off Twitter. I’m the last person he replied too on here before his sudden disappearance. Very worried about him. I can’t even imagine the stress he’s going through right now. As one human being to another, I hope you’re OK bro.”
Some Twitter users are even dwelling on the borders of lewd theories regarding the former Bitmain CEO’s disappearance, with one user stating:
“I could be completely wrong, but my admittedly low-info Westerner understanding of Chinese business culture is, if your large venture fails, there are serious, dangerous personal consequences.”
Bitmain has not been doing very well since the “crypto-winter” set in. The company’s research and development department based in Israel were cut by 50 percent. They downsized their Bitcoin Cash development team.
Furthermore, back in December 2018, Bitmain was served with a lawsuit by United American Corp., on the grounds of hardfork manipulation during the BCH split. Also, in late-November, 2018, miners filed a lawsuit against Bitmain, claiming that the company’s device mined the cryptocurrencies for the benefit on Bitmain rather than the current user.
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Source: AMB Crypto

BitGrail exchange declares bankruptcy after almost a year of announcing $195 million loss

The year of 2018 has been a very volatile year for the cryptocurrency market. The year witnessed a majority of the coins hitting its highest value in terms of price and, at the same time, slump to its lowest value. Along with this, the year also saw several altcoins rise to fame in the space. The most notable event apart from the volatility of the market is considered to be the hacks that took place throughout the year. Well-known exchanges such as Coincheck fell prey to hackers, losing millions of customers’ funds.
BitGrail, an Italian cryptocurrency exchange, was one such platform that was compromised in early 2018. The exchange lost almost $195 million worth of customers’ cryptocurrencies. The exchange rose to fame as it became one of the major platforms to trade Nano aka RailBlocks. It was the very same cryptocurrency the exchange ended up losing to the hackers, as the Founder, Francesco Firano, revealed that 17 million Nano tokens were stolen by hackers.
The announcement of the hack was soon followed with speculation that this was a premeditated act and that the exchange had been planning an exit scam for quite some time. Even the Nano team expressed their doubts on the whole situation. In an official statement, the team had stated:
“We now have sufficient reason to believe that Firano has been misleading the Nano Core Team and the community regarding the solvency of the BitGrail exchange for a significant period of time.”
On January 21, 2018, after almost a year of announcing that the exchange was compromised to an attack, the firm has now declared bankruptcy in their official telegram channel. Additionally, when asked about the bankruptcy on Twitter, the CEO, Francesco said that it is “confirmed”.
Bitgrail declaring bankruptcy | Source: Discord
PaddyThePriest, a Redditor said:
“This is good news for Nano as far as I can see. Lays the blame for the hack at Bomber’s feet. Also shuts his lying mouth once and for all.”
Darkrender7, another Redditor said:
“If nano rockets upward like bitcoin did… it very well could turn out that he’ll be able to pay everyone back in fiat and make off will millions from selling the rest of the nano at the new high market price. Thats what’s going on mark and Mt. Gox”
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Source: AMB Crypto

Exclusive Interview with TRON’s Founder, Justin Sun: We Return Power Back to Users

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Exclusive Interview with TRON’s Founder, Justin Sun: We Return Power Back to Users

In this exclusive interview, TRON founder Justin Sun explains what value the project proposes to its users, unveils how it stands out from other initiatives and shares TRON’s future plans.

Exclusive Interview with TRON’s Founder, Justin Sun: We Return Power Back to Users

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Davos 2019: Crypto is Not a Threat to Traditional Banks, Believe Bank of England’s Officials

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Davos 2019: Crypto is Not a Threat to Traditional Banks, Believe Bank of England’s Officials

According to Huw van Steenis, senior adviser to Bank of England Governor Mark Carney, cryptos have no value and fail fundamental tests of financial services.

Davos 2019: Crypto is Not a Threat to Traditional Banks, Believe Bank of England’s Officials

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Latest Research from South Korea Suggests that 2019 Could be the Year of STOs

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Latest Research from South Korea Suggests that 2019 Could be the Year of STOs

The Coinone research notes that STOs can open new frontiers with better security over ICOs, and thus help to liquidate other illiquid assets.

Latest Research from South Korea Suggests that 2019 Could be the Year of STOs

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Bitcoin SV [BSV] activated on Coinify; Calvin Ayre announces migration from Bitpay

Coinify, a cryptocurrency payment provider, is now accepting Bitcoin SV [BSV], the Bitcoin Cash hardfork that came into the market only in November 2018. Coinify also mentioned that BSV will be accepted both directly and after converting it to a fiat currency.
Bitcoin SV and its proponents advocate increased adoption of the coin as they tout it to be the only cryptocurrency that is based on the original Bitcoin protocol. The goal of the BSV camp has always been the creation of a single international currency infrastructure and the partnership with Coinify will propel them closer to that goal.
Through this partnership, Bitcoin SV’s usage can be pushed in both online and retail portals, thereby increasing adoption.
Jimmy Nguyen, the founding president of bComm Association, and a massive BSV proponent, said:
“As somebody who has used Coinify personally, I think it’s a huge step forward in the development of BSV that such a respected payment portal has added the original Bitcoin to its portfolio.”
Nguyen further added that this partnership will allow the Bitcoin SV team to allow ‘flick-off the switch’ solutions based on the cryptocurrency to online merchants.
Mark Højgaard, the co-founder and CEO of Coinify, said:
“Virtual currencies need to have widespread merchant adoption to really ignite on a mainstream level, and we believe that the simplicity and flexibility of our payment product range makes this possible. Adding BSV as a virtual currency helps us ensure we have the most comprehensive range of options for both merchant and customer.”
Calvin Ayre, the founder of the Ayre Group and one of the main backers behind the Bitcoin SV project, in light of the integration, announced that he is looking to migrate from Bitpay to Coinify.
He tweeted:
“I am ordering my team to stop using bitpay and to switch everything to coinify!”
Despite the increasing integration of Bitcoin SV, some users are not satisfied with what they see as “middlemen” in the cryptocurrency realm. They advocate an intermediary free financial transfer process build on cryptocurrencies.
Referencing the above a Twitter user replied to Calvin Ayre, stating:
“Wait, wait, wait. I thought cryptos eliminated fee-charging middlemen? Bitpay and Coinify charge such high fees they make banks and credit card companies look like saints. Crypto is a huge joke.”
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Source: AMB Crypto