Bitcoin [BTC] and Ethereum [ETH] wallet-support speculated to be available in the new Samsung device

Samsung, the South Korean electronics giant has given a boost to the cryptocurrency industry by unveiling their new Galaxy S10. According to a leaked video, the smartphone has a feature for a cryptocurrency wallet with Bitcoin [BTC] and Ethereum [ETH] support.
On their official website, Samsung has mentioned that the new Galaxy S10 will support private keys for blockchain-enabled applications. However, the company has not confirmed if it includes cryptocurrencies as well.
The website read,
“Security: Galaxy S10 is built with defence-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”
Earlier in January, several Samsung insiders citing leaked pictures had revealed that the Galaxy S10 will feature a built-in crypto-wallet. The pictures suggested an option for users to set up their wallet, wherein they can import an existing wallet, allowing users to transfer cryptocurrencies from a previous wallet or create a new wallet.
Furthermore, the new Samsung device boasts an Exynos 9820 chip with PUF [Physical Unclonable Function] Technology meant to foster a unique identity for the microprocessor. Han Ho-hyeon, an IT expert stated that this chip would serve the device well if used to process a cryptocurrency wallet and increase the security of private keys.
Below is a snippet from the leaked video showing Ethereum support on the new Samsung device,
Leaked video showing Ethereum support. Source: Twitter
A cryptocurrency-focused feature as an addition to a smartphone has been implemented by mobile-phone pioneers like HTC already. However, a smartphone feature as an addition to a primarily cryptocurrency-specific device was spearheaded by SIRIN Labs, with their device Finney.
The “Crypto Phone” Finney was rolled out in December and was specifically geared towards cryptocurrency enthusiasts as it featured a cold-storage wallet, a decentralized application [DApp] center, token conversion services and a three-factor authentication protocol for enhanced security.
Made in collaboration with FIH Mobile and using IOTA’s Tangle technology, Finney was priced at a whopping $999 and even had Lionel Messi as their brand ambassador during their launch in Barcelona in November 2018.
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Source: AMB Crypto

Roger Ver claims Bitcoin [BTC] maximalists have got Gold all wrong

Roger Ver never fails to stir up a storm within rival communities, this time riling up one of his favorite targets, the Bitcoin [BTC] community. Ver, who is also referred to as Bitcoin Jesus has continued his tirade against the top cryptocurrency since Bitcoin Cash [BCH] hardforked away from Bitcoin [BTC] in August 2017.
In his most recent tweet, Bitcoin Jesus stated that the BTC camp gets the concept of one of the most stable assets in the world, Gold, wrong. He stated that the metal has a “huge amount of industrial uses,” and it is because of these very uses that Gold is considered a “store of value.”
His tweet stated:
“It’s amazing how many BTC maximalists don’t even know that gold has a huge amount of industrial uses completely separate from just being a store of value. In fact, it’s those other uses that enable gold to be used as a store of value.”
Roger Ver failed to reference anything regarding the supply limitation of Gold, much like Bitcoin which is capped at 21 million. He claims that “those other uses,” give it the status of being a store of value.
The implication from this tweet could be, besides an obvious attack on Bitcoin, is that the top-cryptocurrency does not have any “industrial uses,” and hence is one of the reasons BTC cannot be a “store of value,” or a medium of exchange. However, this implication was not explicitly mentioned by Ver in his tweet.
Twitter users did not waste time and began lambasting Ver using the aforementioned supply cap argument.
Mike Dudas, the founder, and CEO of The Block Crypto did not mince his words. He commented:
“You and I both know that that is total horseshit — and I’m not a BTC maximalist, just someone with a normal amount of brain cells.”
jratcliff63367, a game developer and software engineer at Nvidia, a Graphics Processing Units [GPU] manufacturer which is used in Bitcoin mining equipment, stated:
“If gold were useful but also as plentiful as grains of sand, it would be nearly worthless. It’s not worth money because it’s ‘useful’, it’s worth money because it is scarce. BTW, Satoshi explained in detail how bitcoin mimics (and improves) upon the properties of gold.”
Dr. Bitcoin [ß] commented:
“No, it’s not. Silver and copper have many (more) industrial uses. That property is not what enables gold to be used as a store of value; its stock to flow ratio is. Regardless of how high demand is, amount of gold mined per year is predictably between 1-2% of total supply.”
As far as stability goes, Gold being precious and, more importantly, a tangible metal will allow it to have more features of an asset striving to be a “store of value.” However, in terms of transferability, cryptocurrencies are more widespread. jratcliff63367’s second comment succinctly puts forth this argument:
“It’s amazing that Roger doesn’t see the ‘industrial uses’ for bitcoin. The last time I tried to send an ounce of gold across the planet over the internet it didn’t work for me. Bitcoin does.”
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Source: AMB Crypto

Bitcoin [BTC]: Bitrefill’s John Carvalho says users who love BTC don’t use Coinbase

The debate around Bitcoin [BTC] and altcoins has excited the market since the first altcoin emerged in 2011. Proponents of the top coin advocate a one-stop-shop cryptocurrency that can be a store of value and a medium of exchange, branding all other coins in the market as “sh*tcoins.”
One among those loyal to the BTC camp is John Carvalho, better known in the virtual currency community as BitcoinErrorLog, who scathingly replied to a conversion update by the American cryptocurrency exchange Coinbase. Carvalho is also serving as CCO at Bitrefill.
Coinbase put out a tweet on February 20, informing their clients that Bitcoin can be directly converted to a host of different cryptocurrencies. Among the coins on the conversion list were top coins like Ethereum [ETH], Ethereum Classic [ETC], Litecoin [LTC], Ox [ZRX], and Bitcoin Cash [BCH].
The tweet read,
“Did you know you can directly convert Bitcoin to another crypto on Coinbase? Conversions are available between Bitcoin (BTC) and Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ox (ZRX), or Bitcoin Cash (BCH).”
John Carvalho replied:
“If you love Bitcoin, you don’t use Coinbase.”
BitcoinErrorLog was clearly not happy about the conversion options which make it easier to pull money out of Bitcoin and into coins which many, including him, consider irrelevant. Carvalho wasn’t done yet, however. He also responded to a user who said that Coinbase was a friend to BTC not long ago. He replied,
“Fu*k Coinbase. They aren’t any easier than other exchanges, they are just louder… And more evil.”
When accused of his tweet being based on emotions rather than facts, Carvalho stood by what he tweeted, saying,
“There are lots of reasons, do some research. If you love Bitcoin, at least.”
Recently, Carvalho caused quite a stir among the developer community by agreeing with Luke Dashjr’s proposal to push the Bitcoin block size to 300KB given the performance of the Lightning Network. To the proposal, BitcoinErrorLog commented that he would run the soft fork for the same.
Several proponents were unhappy and lashed out at both Dashjr and Carvalho for their proposition. Cobra, the co-owner of Bitcoin.org and Bitcointalk.org replied to Carvalho, referring to the aforementioned fork as a “contentions hardfork.” He added,
“This will split off from the established consensus, cause massive drama, and damage trust in Bitcoin.”
Another significant reaction to the same proposition came from the Bitcoin.com CEO, Roger Ver who stated that if this does materialize i.e. if the block size dropped to 300KB, he would sell all the BTCs he holds. In an episode on his YouTube channel, he said:
“I really really hope that Luke Jr. and all these other guys lower the BTC block size to 300 kilobytes if they do I will sell even more of my BTC. A lot more. Maybe, I would even sell all of it at that point. Absolute Insanity.”
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Source: AMB Crypto

EOS and Litecoin [LTC] lead the charge as the cryptocurrency market continues to rise

The collective cryptocurrency market managed to hold on to the bulls as the recent upswing in prices decided to not subside. After adding nearly $10 billion to the global market cap in just under 24 hours, the market added another $3 billion the following day, spearheaded by the surging EOS [EOS] and Litecoin [LTC].
While the first massive uptrend was sparked by Binance Coin [BNB] and Stellar Lumens [XLM], EOS and Litecoin took charge the following day as the market reached $135 billion for the first time since January 10. The fourth and fifth coins respectively have been at loggerheads, constantly overtaking each other in pursuit for the coveted fourth spot which was occupied by Bitcoin Cash [BCH] for a long period of time.
EOS has amassed a 7.6 percent increase against the US dollar, the largest rise amongst the top-10. The coin was trading just under $3 for the better part of the past two weeks, prior to surging ahead at the beginning of the week. The coin began to rise on February 18, and at 11.00 UTC on the same day, the coin broke the $3-mark for the first time since mid-December.
EOS later shot up to its trading price of $3.85, at press time. The fourth-largest cryptocurrency in the market, at this point, is trading at its highest price for more than three months, a significant achievement considering the ongoing ‘crypto-winter’ that has hit the market.
In terms of the coin’s market cap, EOS broke the $3-billion mark at the beginning of the week. Since breaking the milestone, the coin has gone on to add $500 million and the current market cap of the coin stands at $3.51 billion, with a $400 million market cap lead over the trailing, but surging, Litecoin [LTC].
Exchange dominance of EOS trade volume is most noticeable on OKEx, which accounts for $215 million or 10.35 percent of the entire EOS trading volume via the trading pair EOS/USDT. The second spot was taken by Huobi Global and DigitFinex, which accounts for $107.38 million, or 5.16 percent and $104.93 million, or 5.04 percent of the trading volume respectively, on the same trading pairs i.e EOS/USDT.
Source: Trading View
Litecoin trails EOS both in the coin-ladder and in terms of the 24-hour price increase, despite a 6.8 percent incline. The coin was hovering below the $35-mark since the beginning of the month, following which it saw a massive rise on February 8, overtaking BCH and EOS in the process. In the first consideable rise, the price shot up by 36.08 percent to $45.44, and after briefly dropping to $41.46, the price broke the $50 ceiling on February 20 for the first time since mid-November. At press time, the coin was trading at $51.20, and is looking to sustain the rise.
Digital Silver has joined EOS in the “$3 Billion Dollar Club” breaking the said barrier at 1000 UTC on February 20. Litecoin had not crossed the $3 billion-dollar valuation since the BCH hardfork in mid-November. At press time, the coin had a market cap of $3.1 billion, leading the trailing Bitcoin Cash by just under $430 million.
Source: Trading View
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Source: AMB Crypto

Ethereum [ETH]: Bitcoin SV’s Calvin Ayre says ETH platform based on a “scam”

One of the biggest proponents of Bitcoin SV [BSV] since the coin hardforked in November 2018, Ayre Group’s Calvin Ayre has continued his attack on other platforms, referring to the Ethereum platform as a “scam.”
In a tweet posted on 19 February, Ayre referenced an article that reported the key features of scam initial coin offerings [ICOs], as listed out by the United States’ Federal Bureau of Investigation [FBI]. His tweet read:
“the entire Ethereum platform is based on a scam”
The article, based on an interview with the Section Chief of FBI’s Financial Crimes Section, Steven M. D’Antuono, stated that scamsters often misrepresent the Director’s professional experience to present a false image of the ICO’s popularity and state a hyped return valuation. Ayre likened the above-mentioned points to Ethereum.
D’Antuono further warned investors to keep a fair distance from those companies which are entirely based on the internet and suggested that they should check the jurisdiction of such companies’ operations, so that the laws governing the same are known.
Ethereum and Bitcoin SV have been engaged in a series of disputes, with the co-founder of the Ethereum platform, Vitalik Buterin referring to Bitcoin SV as “dumpster fire” in a December 2018 tweet.
Calvin Ayre said:
“I believe Vitalik is acting as a type of fraudster and has no business commenting on things he clearly is not competent to be commenting on such as Craigs abilities (outshine his) or what crypto actually scales and is sound money (not Ethereum)”
He further criticized the Ethereum co-founder, stating that Buterin is, “intentionally misrepresenting others for perceived benefit.”
This is not the first time that the word, “scam” has cropped up within the Bitcoin SV camp. Several Bitcoin SV proponents have lashed out at the opposition, labeling many as misleading and bent on preventing Bitcoin from achieving its true potential as spelled out in the 2009 whitepaper. On the other hand, several influencers within the non-BSV world have also voiced their opinion against BSV, labeling the coin as a scam.
The present episode follows Bitcoin developer Jimmy Song’s criticism of Bitcoin SV. Song also called BSV’s Craig Wright a “known scammer.” A pro-BSV editorial hit back at Song, referring to him as,
“The man who is most memorable for his cowboy hat rather than his ideas or creations in the BTC world.”
Users on Twitter had their own views on the subject, with one user @skret1989 commenting,
“ETH had the potential, but it spoiled it”
Another user @_hrusty commented,
“valuation developers and personnel can’t sign up fast enough. With drastically lower prices it appears approval of Ethereum’s platform has faltered. The proposed switch to PoS from PoW confirms this IMO”
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Source: AMB Crypto

Bitcoin SV [BSV] Price Analysis: Market correction pushes coin below Cardano [ADA]

Market correction has hit Bitcoin SV [BSV] quite hard after the coin added $150 million to its market cap over the past few days. The coin now finds itself as the biggest loser among the major coins. Bitcoin SV’s bearish return has allowed Cardano [ADA] to go ahead and take the eleventh spot on the global coin ladder, despite its own fall.
Bitcoin SV is now falling by almost 4 percent against the US dollar and is trading at $66.39. The market cap of the coin stands at $1.17 billion, down from a high of $2.29 billion less than 15 hours ago. The coin is now trailing Cardano by less than $20 million.
In terms of exchange dominance, Bit-Z holds the most BSV trade volume, accounting for $17.86 million, or 14.08 percent, via the trading pair BCHSV/BTC. It is followed by BitForex and IDCM, holding $10.92 million or 8.61 percent and $10.49 million or 8.27 percent in the trading pairs, BSV/USDT and BCHSV/USDT, respectively.
1-hour
Source: Trading View
After three successive uptrends, Bitcoin SV has been pegged down with a decline that began at $70.32 and still persists at press time. The most significant uptrend stretched from $63.19 to $71.31.
Bitcoin SV’s immediate support was found and recorded prior to the market correction at $62.83. The coin faces an immediate resistance at $71.29.
The Bollinger Bands suggest increasing volatility due to the rapid price decline, while the Moving Average line shows that the coin is under a bearish spell.
The Relative Strength Index indicates that investor interest in the coin is declining, with the RSI dropping from $78.04 to its current valuation of $41.14.
The Awesome Oscillator shows that the coin is trading below 0. Given that the concluding bars are overwhelmingly red, bearish movement is in the offing.
1-day
Source: Trading View
The coin has faced a severe downtrend since mid-December, which has stretched from $112.76 to $66.04. Prior to the same, the coin had gone up from $74.35 to $117.72, giving investors false hope.
Bitcoin SV finds long-term resistance at $69.81, which the coin broke through and fell below during the recent rise. The immediate support level of the coin stands at $61.56.
The Parabolic SAR still shows bullish tendencies for the coin in the one-day chart, as the price has not been shot down considerably.
The Chaikin Money Flow tool shows that the funds pumped into BSV have declined, as the CMF line is below 0.
The Fisher Transform tool shows that the coin is in the middle of a bullish spree, as the Fisher line is over the Trigger line.
Conclusion:
Bitcoin SV was trading with bullish momentum as nearly $10 billion was added to global market cap over the past few days. Following this green wave, the market has begun correcting itself that has affected BSV more than the rest of the market, making it the biggest loser against the US dollar among major coins.
This has allowed Cardano to take over. In the short term, bearish tendencies are very likely, whereas in the long-term the coin is bullish due to the coin’s recent price movements.
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Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Bears sense opening as market correction begins

A green wave swept over the cryptocurrency market as $10 billion was added in less than 24 hours. Leading the charge was EOS and Bitcoin Cash [BCH], with both coins seeing massive double-digit price increases.
Following the rapid rise, BCH has now dipped, posting a 2.65 percent decline against the US dollar, the biggest decrease in the top 10. The coin is now trading at $142.46, while the market cap of the coin stands at $2.51 billion, over $400 million behind Litecoin [LTC].
In terms of exchange dominance, LBank takes the top two spots in BCH trading volume, accounting for $68.86 million, or 12.76 percent, and $32.68 million, or 6.06 percent via the trading pairs BCH/BTC and BCH/USDT respectively. Taking the third spot is Huobi Global, holding $29.85 million or 5.53 percent in the trading pair, BCH/USDT.
1-hour
Source: TradingView
After several days of stabilization, the coin saw a massive uptrend which stretched from $120.06 to $143.65, following which the coin began to stabilize and has now, declined.
Bitcoin Cash finds immediate resistance at $148.74. The immediate support level, placed at $139.57, formed after the price increase, has been broken and has since shifted down to $137.61.
The Parabolic SAR shows that the coin is now trading with bearish momentum as the dotted lines are aligned above the coin’s trend line.
The Fisher Transform line shows that the coin is bearish, as indicated by the Trigger Line’s crossing over the Fisher Line.
The Chaikin Money Flow tool, however, indicates that the money flowing into the coin market is above 0. However, this is likely to dip below.
1-day
Source: Trading View
In the one-day chart, a massive downtrend is witnessed between $624.43 to $82.36, a reminder of the November 2018 hard fork. Following the brief bull run in mid-December, the coin has seen yet another downtrend stretching from $197.02 to $126.55.
Bitcoin Cash finds long-term support at $108.67, which the coin is now well above. The long-term resistance stands at $142.26, which the coin is trading close to, but looks unlikely to break.
The Bollinger Bands are expanding, suggesting that the coin will make way for some degree of price volatility and fluctuation. Further, the Moving Average line shows that the coin is bullish.
The MACD line shows that the coin is vying for entry into the bullish zone since early January, but with no respite.
The Relative Strength Index shows that investor interest has since mildly dipped to 63.79, still close to the ‘overbought’ zone.
Conclusion:
Bitcoin Cash saw a massive price increase on 19 February, even more so than the rest of the market. But, it has failed to sustain the bullish wave, seeing a significant price decline the following day. The short-term indicators point to a bearish market for the coin with the exception of the Chaikin Money Flow which suggests a positive money inflow into BCH. In the long term, the volatility of the coin has increased, as indicated by the Bollinger Band, but the suppression of the bulls continues.
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Source: AMB Crypto

Elon Musk: Cryptocurrency is the future; paper money will soon fade away

The CEO of Tesla and cryptocurrency enthusiast, Elon Musk, has once again spoken in favor of decentralized currency, stating that a day could come when it will eventually replace paper money.
In a recent episode of ARK Invest’s FYI podcast hosted by Tasha Keeney, “On the Road to Full Autonomy With Elon Musk,” the Tesla CEO spoke about the developments underway at Tesla and about cryptocurrencies, with reference to the future of finance and technology.
When asked about the topic of cryptocurrencies, Musk was taken aback, stating, “Crypto, seriously?” with the interviewer referencing Musk and Twitter’s Jack Dorsey’s recent chatter about the decentralized currency realm.
Musk stated,
“Bitcoin and Ethereum scammers were so rampant on Twitter I decided to join in and I said at one point I want to buy some Bitcoin. Then my account got suspended cause obviously there was obviously like some automatic rule that if you try to sell bitcoin or something and I was just joking.”
In late October, Musk tweeted out, “Wanna buy some Bitcoin?” which sent the cryptocurrency community into a tizzy, many users excited at the prospect of a fruitful collaboration between the Tesla CEO and others such as Binance’s Changpeng Zhao.
Following a campaign by Twitter that deleted several bogus accounts for “coordinated manipulation,” and promotion of cryptocurrency scams, Musk lauded the website’s efforts and went on to state,
“At this point, I want ETH even if it is a scam”
When asked about Jack Dorsey’s prediction that the internet will soon see a native currency in Bitcoin, Musk replied stating, “That’s interesting.”
He added,
“ I think that the Bitcoin structure was quite brilliant, its seems like there’s some merit to Ethereum as well, and maybe some of the others. But, I’m not sure if it would be a good use of Tesla resources to get into crypto.”
Musk added that one of the main downsides of cryptocurrency is the “energy-intensive” nature of production, referring to the mining process. With reference to the same he said,
“There has to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create an incremental Bitcoin at this point.”
When the topic switched to the nature of Bitcoin transactions, the interviewer stated that cryptocurrencies are not widely used for retail-goods like pizza and coke. To this, Musk replied, “maybe for Coke,” referring to the recreational drug that was sold for Bitcoin on marketplaces like the Silk Road, a smudge that the cryptocurrency world is still reeling from.
Towards the end of the podcast, Keeney referenced the dire financial situation in Africa, where currency restrictions prohibit citizens from converting their currency and forcing them to, at times, go through the US dollar. In light of the same Musk replied,
“It bypasses currency controls. Paper money is going away and crypto is a far better way to transfer value than pieces of paper.”
Despite Musk’s positive stance on cryptocurrencies, his appreciation for the structure of top coins like Bitcoin and Ethereum and his affirmation that eventually decentralized currency will takeover paper money, the Tesla CEO clarified that his company will not start selling Bitcoins anytime soon.
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Source: AMB Crypto

Cardano [ADA] climbs past a falling Bitcoin SV [BSV] to take the eleventh spot

The present-day volatility of the market is an opportunity for coins such as Cardano [ADA] that are looking to make a comeback. Cardano has now overtaken Satoshi’s Vision, Bitcoin SV [BSV] on the global coin ladder, following the latter’s decline.
At press time, the nChain spearheaded project, Bitcoin SV had declined by 2.92 percent compared to Cardano’s 1.37 percent, a differential that has contributed to Cardano’s new position. The two were overtaken by Binance Coin earlier this month which is riding a massive bullish wave. Cardano has amassed a $19 million market cap lead over Bitcoin SV.
Cardano is currently trading at $0.0457, which is a peg down from its 24-hour high of $0.0480. Previously, the coin was trading fairly consistently just above the $0.04 margin. This is the first time Cardano’s price has passed the $0.046 mark since the beginning of January, when the coin’s volatility had spiked to $0.054, before falling to $0.043.
In terms of market cap, the recent rise saw the coin join the ‘Billion-Dollar Club’ earlier this week, and as the rise persisted, the coin posted its highest market cap for over a month. At the beginning of this past weekend, the coin’s market cap stood at $939.71 billion and rose by a whopping 32.22 percent to reach a high of $1.24 billion on 19 February. Since a market correction that followed, the coin’s market cap has fallen to $1.18 billion.
Source: Trading View
Bitcoin SV, on the other hand, is focusing less on the market and more on verbal brawls between feuding camps, with proponents of the coin lambasting those who support Bitcoin [BTC]. Recently, a pro-BSV editorial came out against Bitcoin Core developer Jimmy Song, following the latter’s criticism of Craig Wright, Calvin Ayre and the apparent lack of developments in the BSV camp.
All this may have affected its market position and the coin has been pegged down by two spots in the past few weeks. First, the coin was kicked out of the top 10 following a remarkable rise by Binance Coin, which has cemented its tenth position on the global coin charts. More recently, following Cardano’s rise, BSV was pushed even lower to the twelfth spot. However, its market cap remains above $1 billion.
On 18 February, the coin was under $1.1 billion and rose up with the collective market to $1.24 billion. After the coin reached the mark, however, a market correction pushed down the coin’s market cap to $1.15 billion while other coins managed to hold their own. Cardano’s resilience compared to BSV’s rapid rise and fall saw the former take Satoshi’s Vision by surprise.
Source: Trading View
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Source: AMB Crypto

Binance Coin [BNB] biggest gainer in the top 10 as Stellar Lumens [XLM] overtakes Tron [TRX]

The cryptocurrency market saw a massive pump on 19 February, with over $10 billion added to the collective market cap and coins like Ethereum [ETH], EOS and Bitcoin Cash [BSH] skyrocketing ahead. The top cryptocurrency Bitcoin also surged past the $3,900 mark for the first time since January. However, as the bulls began to subside and the correction ensued, only a few coins managed to ride the green wave and among them, were Binance Coin [BNB] and Stellar Lumens [XLM].
A new entrant into the top 10, Binance Coin has yet again surged ahead, just two weeks after another isolated rise saw it overtake Bitcoin SV [BSV] to break into the elites.
Binance Coin is currently trading at $10.81, a whopping 17.21 percent increase compared to its price at the beginning of the week. This price bump is not a recent phenomenon for the coin, as BNB’s price has been on a strict uptrend since the beginning of the month when it was priced at $6.19. Since the start of February, the coin has been riding a bullish wave surpassing heavyweight coins like Cardano [ADA], Monero [XMR] and Bitcoin SV [BSV].
In terms of market capitalization, the coin has seen a massive uptick since the month began. On February 1, BNB’s market cap was valued at just under $800 million and within six days, the coin broke past the elusive $1 billion mark. Since then, the coin has managed to add over $500 million to its market cap. At press time, the market cap of the coin stands at $1.52 billion.
Binance Coin finds the majority of its trading volume on its native exchange Binance, via the following trading pairs, BNB/USDT and BNB/BTC, accounting for $54.81 million or 10.82 percent and $33.34 or 24.71 percent BNB trade volume respectively. Taking the third and fourth spots is P2PB2B, via the trading pairs, BNB/BTC and BNB/USD.
Source: Trading View
Stellar Lumens has also managed to make significant strides in the market. The coin saw its worst decline for over a year at the end of January when the market cap slipped down to $1.59 billion and the price fell by over 31.26 percent in just one month. Following its recent surge, however, Stellar Lumens has overtaken Tron [TRX] to take the eighth spot on the market as the latter declined against the US dollar by 1.42 percent. The gulf in terms of the market cap between the two coins currently stands at just above $30 million.
XLM is still recovering from the January low but has managed to keep its head above the water as surrounding coins begin to drown. The coin has risen against the US dollar by 5.23 percent, second only to the aforementioned Binance Coin. Stellar Lumens is currently trading at $0.0883, a massive 11.6 percent price increase since the beginning of the week.
The market cap of the coin has surged to $1.69 billion. However, the signs are not all positive for Stellar Lumens as market movements point to a bearish wave with the market cap falling from an earlier high of $1.73 billion.
Source: Trading View
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Source: AMB Crypto

Bitcoin Cash [BCH]: Roger Ver pushes for the release of Silk Road’s Ross Ulbricht

Ross Ulbricht, the man behind Silk Road is the protagonist of a debate that has divided the cryptocurrency community yet again.
Bitcoin Cash [BCH]’s Roger Ver, also the CEO of Bitcoin.com and popularly referred to as Bitcoin Jesus has been a long supporter of “free-market” ideals (Something Silk Road claimed to have run on) and the use of cryptocurrencies for the same. He recently reaffirmed his support for Ulbricht, mailing him a letter advocating the same.
Tweeting on 17 February, Ver said that he had mailed a letter to the United States’ Penitentiary in Tuscon, Arizona where Ulbricht is currently serving a double life sentence, without parole. The Bitcoin.com CEO did not specify the contents of the letter, but voiced his support for Ulbricht and added a link to the website that advocates for his release: freeross.org.
His tweet in full read,
“I sent a letter to Ross Ulbricht, and you should too. freeross.org  #FreeRoss #Silkroad”
The Ross Ulbricht issue is one of the most divisive issues within the cryptocurrency community, with some advocating free market principles and some citing the illegality of the articles sold on the ‘marketplace.’
Craig S Wright, the Chief Scientist at nChain and spearhead of the Bitcoin SV [BSV] project firmly placed himself opposed to Ver’s point, in both the BCH hardfork debate back in November 2018 as well as on the Ulbricht issue.
In an 8 February blog posted by Wright via Medium, he voiced his opposition for what he described as ‘criminal markets.’ He likened Ross Ulbricht and Silk Road to WikiLeaks and Julian Assange, calling the duo, ‘predators.’ Wright further added that the case of Silk Road,was something Bitcoin should make, ‘more difficult,’ and not one it should facilitate.
His blog, which was titled, ‘Careful what you wish for…’ read,
“I do not like Wikileaks, and I have never been a fan of Assange’s methods. More importantly, I am strongly opposed to criminal markets and bucket shops. Ross Ulbricht and others like him are criminals. They are not freedom fighters, they are not libertarians. They simply are predators, and they are all that Bitcoin was designed to make far more difficult.”
The topic of Ulbricht was also discussed by Roger Ver and Gabriel Cardona in Bitcoin.com’s latest episode on YouTube. The BCH proponents were discussing the recently concluded Anarchapulco 2019 Festival, which featured Lyn Ulbricht, Ross Ulbricht’s mother.
In the video, Ver described Ross Ulbricht as,
“Basically, Ross Ulbricht is the person that made Bitcoin start to become popular to being with. He made a useful platform that people started to use. Silk Road was useful, so, people started to use it and that’s what kicked-off this whole ecosystem.”
Ver and Cardona also stated that the Bitcoins that were seized and crowd-sold from Silk Road were primarily purchased by Tim Draper, the American venture capitalist. In light of the same, Ver appealed to Draper and the larger community to push for Ulbricht’s release,
“Tim Draper, if you happen to see this, you profited greatly from the Silk Road coins that you bought. Help out Ross, right, this guy does not deserve to die in prison.”
Users on Twitter were however split on this topic. @XrpBro commented,
“Didn’t he order murders? He should be free? Why?”
Zone Zero Apps further added,
“Why? He is a criminal. If not caught, he would still be selling drugs and weapons….”
However, @Russell voiced his support for Ulbricht, stating,
“They’re never going to let Ross free. Instead of spending so much time and money on that, we should be taking care of his family and others who are in desperate situations that can be helped. @rogerkver @Free_Ross #Silkroad”
The post Bitcoin Cash [BCH]: Roger Ver pushes for the release of Silk Road’s Ross Ulbricht appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV [BSV] Price Analysis: Token rises as market bulls stoke an uptrend

The global market has buoyed once again, adding $4 billion to the collective market cap over the past weekend. Bitcoin SV [BSV], the coin booted out of the top 10 by Binance Coin [BNB] is trading fairly well in the bullish market.
Bitcoin SV has risen in value against the US dollar by 2.97 percent and is currently trading at $63.90. The coin’s market cap stands at $1.12 billion, just under $200 million behind Binance Coin.
In terms of exchange volume dominance, the coin is most prominent in the Bit-Forex exchange, taking the top 2 spots and accounting for $10.14 million or 10.1 percent in the BSV/USDT trading pair and $9 million or 8.96 percent in the BSV/BTC trading pair. The third spot is taken by Bit-Z, via the trading pair BCHBSV/BTC, accounting for $8.54 million or 8.5 percent.
1-hour
Source: Trading View
The one-hour trend line shows that the coin saw three notable uptrends, the first from $63.26 to $64.02, the second from $63.18 to $63.90, and the final one from $63.19 to $65.72.
Bitcoin SV finds immediate short-term support at $62.74, and the immediate short-term resistance has risen from $64.11 to $65.98, as a bullish wave swept over the collective market.
The Bollinger Bands show a massive increase in volatility as the prices surged rapidly, while the Moving Average line shows a significant bullish trend.
The Chaikin Money Flow tools indicates a decrease in the amount of money pumped into the coin as the CMF line is below 0.
The Fisher Transform line shows a bullish wave as the coin Trigger Line has been overtaken by the Fisher Line.
1-day
Source: Trading View
The one-day chart for Bitcoin SV is beginning to show positive signs as a stabilizing spree is looking to push the bears out. The coin has been on a downtrend since it emerged, stretching from $114.44 to $66.42. Prior to the same, the coin rose up from $77.54 to $115.8.
Bitcoin SV finds immediate support at $61.14, which the coin has not fallen below since its emergence. The immediate resistance level of the coin stands at $68.88.
The Parabolic SAR shows that the coin is in a bullish phase, as the dotted lines are below the coin’s trend line.
The Awesome Oscillator shows that BSV is currently trading below 0. However, the concluding bars are green, indicating that a bullish trend is in the offing.
The Relative Strength Index shows a spike in investor interest as the coin’s price recently rose with the collective market. Bitcoin SV saw an RSI increase from 37.27 to its current level of 44.90.
Conclusion
Bitcoin SV has been pushed up by the collective market’s bulls. However, cash flow remains an issue, as indicated by the Chaikin Money Flow tool. In the short-term, the coin is trading with bullish insurgency and as the Bollinger Bands pointed out, the volatility of the coin is very high. In the long-term however, the coin is looking to use this uptrend to break out of a month-long stabilizing spree.
The post Bitcoin SV [BSV] Price Analysis: Token rises as market bulls stoke an uptrend appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Market bulls push token to break short-term resistance

A green wave was in the offing over the past weekend, as the global coin market surged, adding $4 billion to the overall market cap. Bitcoin Cash [BCH] the sixth largest cryptocurrency in the market is the second highest gainer in the market behind Ethereum [ETH], the top altcoin, and is looking to regain its lost fourth spot.
Bitcoin Cash has risen against the US dollar by 4.8 percent and is currently trading at $127.53. The market cap of the coin stands at $2.25 billion, $357 million behind EOS [EOS].
In terms of exchange volume dominance, the coin’s volume is more prominent in P2PB2B, in the following trading pairs, BCH/USD, BCH/BTC, and BCH/ETH, which accounts for $15.98 million or 5.37 percent, $15.58 million or 5.27 percent, and $14.84 million or 5.02 percent respectively.
1-hour
Source: Trading View
The one-hour trend line shows a massive spike beginning at 2100 UTC on 17 February, as the bulls pushed the collective market upwards. Following two downtrends occurring last week, the coin witnessed a significant uptrend from $119.79 to $126.59.
Bitcoin Cash finds immediate support at $118.44, the coin is currently trading at 7.67 percent higher than the aforementioned level. The coin broke the immediate resistance level placed at $124.22 and is now placed closer to the coin’s current price.
The Bollinger Bands shows a massive uptick in the coin’s volatility as the prices surged. The Moving Average line indicates the coin has moved into a bullish zone.
The Chaikin Money Flow tool shows that the investors’ money flow into the coin has dipped after rising on 16 February, with the CMF line currently below 0.
The Fisher Transform line shows the coin is trading with the bulls as the Fisher Line is above the Trigger Line.
1-day
Source: Trading View
The one-day trend line is marred by the Bitcoin Cash hardfork. The hardfork downtrend is the most prominent and pulled the coin’s price down from $627.07 to $132.32. Within the same downtrend, the coin had a significant uptrend from $82.5 to $191.19 during mid-December.
Bitcoin Cash finds immediate support at $108.59, which is higher than the previous level of $73.42. The coin’s immediate resistance level stands at $131.81, a peg-down from a previous level of $197.31.
The Parabolic SAR shows that the coin is in a bullish zone as the dotted lines are below the coin’s trend line.
The Awesome Oscillator shows that the coin is trading below 0. However, the concluding bars are green, indicating a bullish trend in the offing.
The Relative Strength Index shows an uptick in investor interest as the coins’ prices recently spurred. Bitcoin Cash saw an RSI increase from 46.21 to its current position of 52.51.
Conclusion
Bitcoin Cash has surged over the past weekend, as the collective market saw a wave of green. The coin is now the second-largest gainer in the market, which indicates the BCH bulls are roaring more relative to the rest of the market, indicating that the coin isn’t just, ‘going with the flow.’ In the short term, the coin has broken its resistance level and still looks bullish. In the long term, the coin is enjoying an uptrend, which proponents are hopeful will push the coin above the long-term resistance level of $131.81.
The post Bitcoin Cash [BCH] Price Analysis: Market bulls push token to break short-term resistance appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Cash [BCH] Price Analysis: Bulls and bears fight it out as token trades sideways

The sixth largest cryptocurrency in the market, Bitcoin Cash [BCH] has made meager gains as the collective market added $1 billion on 16 February. The top 10 is colored in stripes of red and green, with the three coins capping off the top 10, TRON [TRX], Stellar Lumens [XLM], and Binance Coin [BNB], all trading in red while the rest are looking upwards.
Bitcoin Cash’s value against USD is up by a small margin of 0.55 percent and is currently trading at $122.90. The market cap of the coin stands at $2.16 billion, while the coin trails EOS [EOS] and Litecoin [LTC] by $328 million and $478 million respectively.
In terms of exchange dominance, P2PB2B takes the top three spots with the trading pairs BCH/USD, BCH/BTC, and BCH/ETH, accounting for $14.37 million, $13.73 million and $13.13 million respectively.
1-hour:
Source: TradingView
The one-hour chart for Bitcoin Cash shows that the coin is trading sideways, with neither the bulls nor the bears taking charge. However, recent signs show an increasingly downwards movement.
Bitcoin Cash has been pushed down courtesy of two successive downtrends, the first extending from $125.8 to $119.79 and the next from $124.31 to $121.46.
The coin finds immediate support at $118.44, which the coin has not managed to slip below since prior to the February 8 rise. Bitcoin Cash posts an immediate resistance of $124.22, which the coin touched at the beginning of the week.
The Bollinger Bands indicate that the volatility of the coin is on a decline, while the Moving Average line indicates an imminent switch from the bears to the bulls.
The Chaikin Money Flow tool shows that money is being pulled out of Bitcoin Cash, as the CMF line is below 0.
The Fisher Transform line shows that the coin switched from the bears to the bulls at 2300 UTC on 15 February, following the Fisher line’s overtake of the Trigger line.
1-day:
Source: TradingView
The one-day chart for Bitcoin Cash shows a steep downtrend following the coin’s hardfork, which pulled down the price from $635.38 to $130.14. Prior to this downtrend, the coin rose up from $449.05 to $628.22.
Bitcoin Cash finds immediate support at $108.64, which has shot up from an earlier support level of $78.14. The coin’s immediate resistance level stands at $127.75, which is a shift downwards from an earlier resistance level of $198.22.
The Parabolic SAR shows that the coin is in a bullish phase, as the coin’s trend line is above the dotted lines of the indicator.
The MACD shows that the coin has been trading in a bearish zone, since the hardfork. However, the coin has been vying for a move out of the zone since early January.
The Relative Strength Index shows that the coin has been moving up on the investors’ shopping lists, as the RSI has shot up from 39.63, last week, to 46.95 at press time.
Conclusion
Bitcoin Cash has been in a recent tug-of-war with the short-term bulls trying to push the coin up, as the current market swings upwards, while the hardfork bears are still pulling the coin down. In the short term, since the market surged a week ago, BCH has been trading sideways, with the Bollinger Bands pointing to a volatility drop. However, in the long-term, the coin has stabilized since the bears of January pulled the price down to under $110, as indicated by the Parabolic SAR’s mild bullish signs and the minimal increase in investor interest.
The post Bitcoin Cash [BCH] Price Analysis: Bulls and bears fight it out as token trades sideways appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] developer Jimmy Song lists 3 reasons why Bitcoin SV [BSV] is a “scam”

Bitcoin SV [BSV] has been met with a host of varied opinions from the global cryptocurrency since it emerged three months ago, from being lauded as the true vision of Satoshi, to being called a “dumpster fire,” BSV has seen it all.
Recently, Jimmy Song, a developer of the top cryptocurrency Bitcoin [BTC] and author of the book, “Programming Bitcoin,” called BSV a “scam” and listed out three specific reasons for his conclusion, via a video on his YouTube channel, “Off Chain with Jimmy Song.”
He starts of the video by referencing the Twitter trolls who tout that Bitcoin SV is the more principled coin that wants to achieve the true vision of the founder of Bitcoin, Satoshi Nakamoto. Song, lays all these claims to bed, citing his three reasons, which come under the overarching theme of:
“Bitcoin SV is clearly, clearly, a scam.”
The primary reason for Song’s attack is, Craig S Wright, the Chief Scientist at nChain and the biggest backer of the BSV project. During the November 2018 hardfork, which eventually resulted in BSV splitting from Bitcoin Cash [BCH], Wright came out in fierce support of what he envisioned as the vision of Satoshi. He even claimed that he is the, “real Satoshi,” a rallying cry that he touts even today.
Song’s opinion on Wright, however, is unwavering:
“He’s (Wright) a known scammer, he’s never produced a signature as Satoshi. He’s claimed to be Satoshi from the very beginning, he hasn’t produced anything of note. He hasn’t coded anything, he says ridiculous stuff. He uses only social signalling. He doesn’t provide any proof of anything. And, the guy has been a con-artist for a very long time.”
Craig S Wright, recently went on a tirade about how he, “was Satoshi,” for which he received a lot of flak from the crypto industry. Known for being very verbal on Twitter, Wright even got into a heated dispute with Wikileaks, which he brands a “fakenews cesspool.”
Wikileaks did not take things lying down, the news organization claimed and even produced evidence of Wright editing a blog post from August 2008, which he wanted to use to prove that he was involved in cryptocurrencies over a decade ago. Wikileaks, and many in the crypto-community labeled Wright as “faketoshi” since, a label that Song would approve of.
Song cites the lack of development coming from the Bitcoin SV camp as the secondary reason for the coin being a scam. He stated:
“You can look at their GitHub, they’ve done nothing over the past two months. They are not really trying to fix anything. They apparently have some sort of private development. They do not accept any pool requests, they are not into open source. It’s anything but a secure protocol. At some point, I expect them to release a full node software or something like that that is straight up malware. They don’t do any open source, they are not doing any development, they are not progressing.”
Craig Wright is the spearhead in the BSV application process, whom Song refers to in this jibe as a “con-artist.” The nChain executive has formulated ideas of applying the Bitcoin SV blockchain into the realm of online peer-to-peer payments and to use the BSV wallet as a smart card authenticator, which can be used to verify passports.
The third reason for Song’s disavowing Bitcoin SV, is the attitude emanating from the BSV camp, particularly from their major proponents, Craig S Wright, and Calvin Ayre. He described their behavior as “peculiar,” and referenced the fight for control during the hardfork, which he called a “crapfest with Bitcoin ABC.”
He added:
“The fact that they continued to fight, and use their money to try to prop up this useless coin, it should tell you volumes about what they’re trying to do. They want to control their own money, and they have enough of an ego to think that people will just follow them if they go.”
Jimmy Song further questioned why influencers like Daniel Krawisz and Kevin Pham have gone to the BSV camp. He believes that they, “might be getting paid-off,” however he states that he has no evidence to prove the same.
The Bitcoin developer concluded:
“Bitcoin SV is a scam, it is not Satoshi’s Vision, it should just be Scam Violence… it’s just a ridiculous coin, that is why I’m opposed to it. I hope I’ve made myself clear.”
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Source: AMB Crypto