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.
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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

CoinSpeaker

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.
The post Bitcoin Cash [BCH] integrated on peer-to-peer trading platform BitQuick appeared first on AMBCrypto.
Source: AMB Crypto

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

CoinSpeaker

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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Source: CoinSpeaker

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

CoinSpeaker

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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Source: CoinSpeaker

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

CoinSpeaker

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

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

CoinSpeaker

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

CoinSpeaker

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.
The post BitTorrent creator: “never been affiliated with Tron or Justin Sun” appeared first on AMBCrypto.
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.
The post Tron [TRX/USD] Technical Analysis: Bears pressure the bulls out of the scene appeared first on AMBCrypto.
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.
The post Bitcoin SV [BSV] to revolutionize the world of peer-to-peer web payments, says Craig Wright appeared first on AMBCrypto.
Source: AMB Crypto