The State of Wyoming Passes Three Bills for the Crypto Industry

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The State of Wyoming Passes Three Bills for the Crypto Industry

The new bill by Wyoming classifies digital assets as property while legalizing its uses in other blockchain-based financial services.

The State of Wyoming Passes Three Bills for the Crypto Industry

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Source: CoinSpeaker

Coinbase-Backed Securitize Teams Up with OTCXN to Help Firms Tokenize and Sell Securities

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Coinbase-Backed Securitize Teams Up with OTCXN to Help Firms Tokenize and Sell Securities

Securitize, that is supported by Coinbase, and OTCXN are joining forces to streamline the process of issuing and trading security tokens.

Coinbase-Backed Securitize Teams Up with OTCXN to Help Firms Tokenize and Sell Securities

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Source: CoinSpeaker

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.
The post Bitcoin SV [BSV] Price Analysis: Market correction pushes coin below Cardano [ADA] appeared first on AMBCrypto.
Source: AMB Crypto

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

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You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

Binance launched its much expected decentralized exchange (DEX) to increase security and efficiency of its services and the markets love it with the BNB coin appreciating by over 75% within days.

You Can Now Check Out Binance’s New Decentralized Trading Platform as Public Testing Goes Live

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Source: CoinSpeaker

BitGo Announces $100M Insurance for Its Customers’ Crypto Assets Through Lloyd’s of London

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BitGo Announces $100M Insurance for Its Customers’ Crypto Assets Through Lloyd’s of London

Thanks to the new BitGo’s initiative, customers’ crypto holdings can be insured for up to $100 million through Lloyd’s of London.

BitGo Announces $100M Insurance for Its Customers’ Crypto Assets Through Lloyd’s of London

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Source: CoinSpeaker

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.
The post Bitcoin Cash [BCH] Price Analysis: Bears sense opening as market correction begins appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV Price Analysis: BSV/USD Trends of February 20–26, 2019

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Bitcoin SV Price Analysis: BSV/USD Trends of February 20–26, 2019

The strong bullish momentum is required to break the confluence that is preventing the Bitcoin SV from a bullish rally in the market. In case there is a bullish breakout at the $68 resistance level the coin may have its target at $85 price level.

Bitcoin SV Price Analysis: BSV/USD Trends of February 20–26, 2019

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Source: CoinSpeaker

Bitmain Announces Its Next Gen Bitcoin and Bitcoin Cash Mining Chip

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Bitmain Announces Its Next Gen Bitcoin and Bitcoin Cash Mining Chip

Bitmain faced a decline in its 2018 profit margins. However, the company has launched new mining chips in a move expected to put the company back on the profitable track.

Bitmain Announces Its Next Gen Bitcoin and Bitcoin Cash Mining Chip

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Source: CoinSpeaker

XRP Price Analysis: XRP/USD Trends of February 20–26, 2019

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XRP Price Analysis: XRP/USD Trends of February 20–26, 2019

Increase in the bulls’ momentum will make the XRP price reach $0.38 supply level in case $0.34 price level is breached. Should the bears defend the $0.34 supply level, the XRP price may range back towards the previous low.

XRP Price Analysis: XRP/USD Trends of February 20–26, 2019

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Source: CoinSpeaker

Litecoin [LTC] Price Analysis: Bulls seize the initiative as coin prices surge

Over the week, the fifth largest digital asset on CoinMarketCap, Litecoin [LTC] has maintained its bullish momentum that has translated into a price movement upwards.
During the day, the digital coin slipped to a low of $47.32 before trading across a high of $49.18.
At press time, the silver coin held a market capitalization of $2.95 billion and was priced at $48.50. The valuation for the coin sprung up by 4.46% with a total trading volume of $1.48 billion registered during the past 24 hours.
OKEx has been facilitating high volumes of trading via the trading pairs LTC/BTC and LTC/USDT. The pair LTC/BTC has encompassed a volume of $80 million at a price of $48.31, followed by LTC/USDT with a trading volume of $78.08 million valued at $48.54. Additionally, LTC/BTC has been trending at Coindeal claiming a volume of $74.09 million at a price of $48.33.
1-hour
Source: TradingView
In the hourly chart for LTC, an uptrend from $43.85 to $46.98 and a downtrend from $48.37 to $47.34 has been recorded.
The coin has surpassed resistance levels at many points post-surge and it is to be seen if LTC can break through the new traction of $50.00, rewinding the bullish phase of the previous year. The support marked for the chart is at $47.08.
Parabolic SAR: The dotted lines can be found below the candles, indicating the bull’s contribution to the price momentum of LTC.
Awesome Oscillator: The lines turning green in the AO further suggests a bullish trend for the coin.
Klinger Oscillator: The KO indicator, however, exhibited a bearish trend with the reading line hovering below the signal line.
1-day
Source: TradingView
An uptrend from $32.71 to $43.20 and a downtrend from $55.82 to a low of $32.09 has been registered for the one-day analysis of LTC. The resistance during this time is noted at $51.11 and that of support is at $40.97.
Bollinger Bands: Expanding Bollinger Bands indicate high fluctuation and volatility in the coin’s price.
Chaikin Money Flow: The CMF graph treads above the zero-line, indicating some money flow into the market due to the bulls.
MACD indicator: The MACD line treading above the signal line also predicts a bullish course.
Conclusion
The Parabolic SAR, AO, CMF as well as MACD all project the bulls to hold their course while the KO suggests some bearish activity.
The post Litecoin [LTC] Price Analysis: Bulls seize the initiative as coin prices surge appeared first on AMBCrypto.
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
The post Cardano [ADA] climbs past a falling Bitcoin SV [BSV] to take the eleventh spot appeared first on AMBCrypto.
Source: AMB Crypto

Binance CEO reveals BitTorrent [BTT] airdrop error; reassures users that ‘funds are SAFU’

The world of cryptocurrencies has seen a massive shift in sentiments after the recent bullish surge that enabled a lot of coins to climb up on the charts. The price hike also resulted in some cryptocurrencies changing ranks within the spectrum, with the main switch being EOS overtaking Litecoin [LTC] to become the fourth largest cryptocurrency.
In the midst of this shakeup, Binance CEO Changpeng Zhao gave an update regarding a test on fetcher.ai that resulted in changes in the amount of BTT tokens transacted in the airdrop.
Source: Twitter
The Chief Executive Officer of Binance claimed that the error from the tester’s side has only affected a few buyers, who in turn got a few extra BTT tokens. He also stated explicitly that ‘funds are SAFU’. One Twitter user @DAXPartners commented,
“Haha not like is a problem to get some extra BTT.”
To this comment, CZ replied,
“ It is, some balances will be wrong. It’s being fixed now. Funds are #SAFU”
Another user had no qualms about the error, stating,
“Explains how my low bid got filled.”
Changpeng Zhao pointed out that,
‘Secondary beneficiaries, one reason to use an exchange, I guess!”
Tron’s BTT was also in the news recently when it was announced that the token will be paired with multiple stablecoins on Binance. The latest token from the Tron stables will be paired with stablecoins like Paxos, USD, and USDC. Ever the enthusiastic supporter of developments in the Tron ecosystem, Justin Sun, the CEO and Founder of Tron Foundation thanked CZ’s decision to add the pairs on Binance’s platform and also revealed another announcement. Sun tweeted,
“#BTT will be listed on @MBAexOfficial, you can deposit #BTT at 12:00 on Feb 14, 2019(SGT), withdraw $BTT at 12:00 on Feb 22, 2019(SGT). BTT/BTC, BTT/USDT, BTC/MDP will be available at 12:00 on Feb 15, 2019(SGT). #BitTorrent $BTT #TRON #TRX.”
Binance’s attempts to push cryptocurrencies into the mainstream realm and create an inclusive and safe environment was also evidenced when the exchange delisted CLOAK, MOD, SALT, SUB and WINGS. The company reasoned that the move was done over issues with commitment of the team, evidence of unethical/fraudulent conduct and level and quality of development activity.
The post Binance CEO reveals BitTorrent [BTT] airdrop error; reassures users that ‘funds are SAFU’ appeared first on AMBCrypto.
Source: AMB Crypto

Max’s Corner 3: the Latest on Crypto Adoption and the Newest Tech Drops

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Max’s Corner 3: the Latest on Crypto Adoption and the Newest Tech Drops

In this guest post, Max Hasselhoff, integration engineer from Bytecoin and long-standing crypto enthusiast, presents series 3 of Max’s Corner, in which he takes a look at some of the biggest stories happening in sphere of crypto adoption and tech growth.

Max’s Corner 3: the Latest on Crypto Adoption and the Newest Tech Drops

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Source: CoinSpeaker

Ripple’s XRP to Surpass Bitcoin by Market Cap, Believes SBI Holdings President

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Ripple’s XRP to Surpass Bitcoin by Market Cap, Believes SBI Holdings President

The head of Japanese SBI Holdings strongly believes that thanks to its use cases XRP will surpass Bitcoin in the nearest future.

Ripple’s XRP to Surpass Bitcoin by Market Cap, Believes SBI Holdings President

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Source: CoinSpeaker

Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20%

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Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20%

Crypto markets show a major recovery adding $10 billion on Tuesday with Bitcoin approaching $4000. EOS becomes the steals the show with over 20% gains.

Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20%

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Source: CoinSpeaker