Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, Monero, Binance Coin and NEO

We’re heading towards the end of what can is called as one of the most exhilarating weeks for cryptocurrencies, especially Bitcoin. The impetus was brought on by Facebook’s announcement, which gave Bitcoin, which provided the market with the catalyst it required.
Bitcoin gained around 20% since the beginning of the week. Majority of the gains were realized towards the end of the week on Friday and Saturday. Nevertheless, the momentum was built during the beginning as Bitcoin [BTC] rose above $9100.
Also Read: Peter Brandt Predicts Another Bold Parabolic Target for Bitcoin [BTC]
While Facebook’s announcement acted as a detonator, the utility of Bitcoin as a ‘store of value‘ seems to be establishing with David Marcus, Head of Facebook’s Blockchain unit and Brad Garlinghouse, CEO of Ripple not indenting to compete with Bitcoin’s utility.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $9083
Closing Price: $10675
The weekly Loss: 17.5%
Weekly High/Low: $9388/$7516
Ethereum
Ethereum maintained its dominance over the cryptocurrency market with near propionate gains to Bitcoin. The positive sentiments towards Ethereum can be attributed to Ethereum 2.0 announcements and the increasing volume on it.
Ethereum, EOS, Tron, and Cardano are competing for top place as a smart contract platform. While Tron (TRX) gained in double digits, the rise in EOS and ADA were close to 5%.
ETH/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $269
Closing Price: $308
The weekly Loss: 14.4%
Weekly High/Low: $319/$260
Monero
Monero [XMR] along with Ethereum traded positively or only slightly contrary to Bitcoin over the entire week. It is the most popular privacy-centric protocol in the market. Another privacy-centric cryptocurrency, Zcash also gained above 20% during this week.
XMR/USD 1-Day Chart on Btfinex (TradingView)
Opening Price: $96
Closing Price: $106
The weekly gains 10.4%:
Weekly High/Low: $119/$94.7
Binance [BNB] Coin
Binance Coin [BNB] is forming a new almost every week. The year to date (YTD) rise in Binance was above 600% as it broke above $42 momentarily during the week. The Exchange backed token has been on the linear surge this year. Moreover, Binance coins stand a higher chance to grow with other Exchanges start supporting it like Kucoin.
BNB/USD 1-Day Chart on Binance (TradingView)
Opening Price: $32.3
Closing Price: $38
The weekly gains 17.6%:
Weekly High/Low: $43.2/$31.6
NEO
NEO is also a big smart contract and Dapps platform that facilitates ease of coding for developers. Moreover, it is highly prevalent in China. Early on Sunday 23rd June 2019, the price recorded a 25% gain as it traded at a high of $19 with $20 acting as massive resistance.
NEO/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $14.1
Closing Price: $17.4
The weekly gains 22.9%:
Weekly High/Low: $19.4/$12.8
The growing attention towards Bitcoin [BTC] along with the development of cryptocurrency regulations can bring good news for the entire market. Nevertheless, many altcoins will also stand the test of regulators to address the concerns around their utility, launch, protocol, and degree of centralization.
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $1 billion is 0.3%. Hence, for Analysis purpose, we will only consider cryptocurrencies with a total market capitalization $1 billion or more. For future analysis, we’ll try to maintain ~0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 23rd June 2019. 
The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, Monero, Binance Coin and NEO appeared first on Coingape.
Source: CoinGape

Monero (XMR) Surges 25.3% As Developers Crackdown On ASIC Miners

Monero (XMR) spikes 25.3 percent
RandomX under audit

In Monero, decentralization is vital. As a result, the next enhancement of its mining algorithm, via RandomX, is a step in the right direction. Eventually, the hash rate will pick up as more ordinary miners flow back. In turn, their participation will fortify the network, instilling confidence, and XMR could surge higher in response.
Monero Price Analysis
Fundamentals
Given the threats of Application Specific Integrated circuits (ASICs) in a network, creators of Monero are not taking this lying. The founder of Monero has more than once expressed his distaste for ASICs, and is walking the talk.
To put this in perspective, Monero is firmly built around adherence to ground rules. Therefore, that means compliance to blockchain principles governing other liquid coins as Bitcoin and Ethereum.
Fronting decentralization-which ASIC miners, mostly churned by Bitmain, often crash as their miners are turbo-charged to maximize hash power, their use fosters an unfair mining landscape. It causes a destabilization, cutting out interested and honest GPU miners from participation.
As such, their walling off of ASIC miners has been lauded. However, it was a hard choice to make because their hash rate plummeted at the wake of this upgrade. Crashing from around 1,000 MH/s to less than 300 MH/s, the network was susceptible.
All the same, it was done for the betterment of the Monero community, which by far is a well-capitalized privacy-centric coin. Currently, plans for a new mining algorithm are in progress. The activation of RandomX will be in July 2019, dependent on the satisfaction of code auditors.
Candlestick Arrangements

At the time of writing, XMR is one of the top performers. By surging 25.3 percent, the coin is more valuable than Dash. Notably, it is less than $400 million away from flipping TRX as buyers aim at a spot in the top-10.
Behind this resurgence are favorable fundamentals and supportive candlestick arrangements. Additionally, note that underlying momentum is strong thanks to bull candlesticks banding along the upper Bollinger Bands.
From the chart, XMR is trading within a bullish breakout pattern. Effortlessly clearing $75 and psychological $100 at the back of high trading volumes, buyers are firmly in control. In light of this, every dip is another buying opportunity.
That means traders can buy the retracements with first targets at $150, another resistance level previous support. Should buyers slowdown, expected support will be at $100 or May 2019 high.
Technical Indicators
As momentum builds up, trading volumes should increase. That means in days ahead, participation levels confirming buyers should exceed current averages of 14k and even 32k of June 22.
Chart courtesy of Trading View. Image Courtesy of Shutterstock
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Source: New feedNewsBTC.com

LocalBitcoins Removes In-Person Cash Trades without Prior Notification

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LocalBitcoins Removes In-Person Cash Trades without Prior Notification
Popular peer-to-peer platform LocalBitcoins reportedly removed the option that enables users to buy or sell cryptocurrencies in person for cash.
LocalBitcoins Removes In-Person Cash Trades without Prior Notification

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Source: CoinSpeaker

Bitcoin [BTC] is as vulnerable as Monero [XMR], claims Monero Talk’s Douglas Tuman

Bitcoin [BTC] has always dominated the cryptocurrency market in terms of market cap, as well as trading volume [Despite USDT recently recording a higher 24-hour trading volume]. However, the king coin’s community and that of the privacy-centric Monero, have always been at loggerheads.
In Monero Talk‘s latest live stream hosted by Douglas Tuman, noted developer Jethro Grassie spoke about Bitcoin’s shortcomings and the privacy coin, Monero. Weighing the pros and cons of the two coins, this edition highlighted that Monero is vulnerable to undetected inflation, just as much as Bitcoin is susceptible to private keys being decoded from public keys. Tuman stated,
“If it’s about security then Bitcoin is really just as vulnerable as Monero is on those in those terms because they both rely on this discreet logarithm not being broken”
The talk featured Jethro Grassie, a Monero developer, who spoke about Bitcoin’s shortcomings, especially the transparent ledger, and claimed that early assumptions regarding the king coin tuned out to be a “load of crap.”
What triggered Grassie the most is one of Bitcoin’s community members ranting that Monero couldn’t audit the security of the commitments because there was no formal order, as they were perfectly hiding and ‘only’ computationally binding.
The developer clarified that computational binding is fundamental to elliptic curve cryptography, which is the hardness of the elliptic curve discrete logarithm problem. Hence, saying “only computationally binding,” is kind of a misdirection, according to Grassie.
He added that anybody without a clear understanding of the hardness, who starts ranting about the weakness in Monero and hints at potential hidden inflation is basically spouting  “nonsense”.
Talking about Bitcoin core devs’ reluctance to add confidential transactions for the purpose of anonymity, Douglas Tuman pointed out that Bitcoin “maximalists” prioritize keeping the coin secure, over implementing tools like the one aforementioned. The host also argued the need for using the “security protocol,” if Bitcoin is not “digital cash” in the first place. He went on to say that Bitcoin had almost “given up the pursuit of being digital cash.”
The post Bitcoin [BTC] is as vulnerable as Monero [XMR], claims Monero Talk’s Douglas Tuman appeared first on AMBCrypto.
Source: AMB Crypto

JPM Introduces Confidential Transactions like Monero on Ethereum with Zether [ZTH]

JPMorgan and Chase Co. has developed a privacy feature compatible with smart contract platform. The new feature will not only hide the sender and receiver’s details but would also keep the amount of the transaction transparent.
JP Morgan has developed a payment mechanism, Zether, that is compatible with Ethereum and other smart-contract platforms. Zether, is designed by Benedikt Bunz , Shashank Agrawal, Mahdi Zamani, and Dan Boneh from Stanford and Visa Research facility.
Also Read: Bitcoin [BTC] ‘Intrinsic Value’ Suggests it is More Efficient Than Gold
Zether [ZTH], An Anonymous Crypto-graphic Extention for Ethereum and Other Smart Contract Platforms
The basic idea of privacy is reduced targetted attacks and allowing for the development of contracts that require privacy. Targetted attacks can be planned on individuals or firms which reveals a higher account balance. Zether privacy feature can be used to provide sealed-bid auction, private payment channel, confidential stake-voting, and private proof-of-stake.
Oli Harris, head of JP Morgan Blockchain division and crypto-assets strategy, told the media,
“…In our implementation, we provide a proof protocol for the anonymous extension in which the sender may hide herself and the transactions recipients in a larger group of parties.”
They have implemented an account-based approach similar to Ethereum for efficiency and usability. Therefore, Zether has also introduced a ZTH token that will be funded with Ethereum and another smart contract tokens and executed with complete privacy. Zether could also be used to make proof-of-stake confidential.
Zether anonymity guarantee is more similar to Monero than any other privacy coin in the market. It also has its token the ZTH token, which is used to facilitate the exchange between these platforms. Essentially it provides a compatible-platform for developing private smart contracts.
Also Read: Ripple Might Lose Its Banking Partnerships Due to the JPM Coin Phenomena
A Zether confidential transaction costs about 0.014 ETH or approximately $1.51 (as of early Feb 2019). Moreover, it is a fully-decentralized mechanism designed to complement smart-contract platforms.
Reportedly, JP Morgan is also working on its blockchain based payment network, Quorum. The banking Giant has attracted some 220 banks to its Quorum-based Interbank Information Network. The JPM Coin launched by the bank is a stablecoin that is being, currently used for internal operations only but is expected to be launched for public use as well.
Do you think that JPM’s drive towards privacy will benefit the market for anonymous cryptocurrencies like Monero and Zcash? Please share your views with us. 
The post JPM Introduces Confidential Transactions like Monero on Ethereum with Zether [ZTH] appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC] is easier to be made quantum-secure than Monero, says Blockstream researcher

The cryptocurrency community has been quite vocal about potential attacks by quantum computers in the future. According to many theories, quantum computing will become so powerful that it might eventually break and decode modern-day encrypted algorithm. Even as Bitcoin programmer, Jimmy Song, dismissed claims that quantum computing could harm digital assets, Andrew Poelstra, when asked about Monero not being fully secure and vulnerable to different kinds of attacks, admitted,
“The only threat we are aware of to the elliptic curve discrete logarithm problem for the curves that we’re all using there are indeed quantum computers”
The question, according to him, is whether there will be a quantum computer that is large enough in terms of qubits to decode the logarithm. The researcher however, claimed that it is not an immediate cause of concern. He also admitted that things like these take time to develop and that there should be an effort to develop systems that are resilient to future attacks.
He further stated that for Bitcoin, the situation would not be any better. Poelstra revealed that in practice, around two-thirds of all public keys that control coins in the Bitcoin network are currently exposed and are known to people. So, a powerful quantum computer in the future would seamlessly “steal all those points.”
With the king coin however, the only simpler thing would be the transition plan if quantum computers actually happen to breach the network. The transition, in this case, would be simpler because all it requires is to replace the digital signature algorithm in order to be quantum-resistant. But in case of the privacy coin, Monero, the replacement process would be complex as it includes replacing the Ring CT [Confidential Transactions], which is a vital part of the network.
The post Bitcoin [BTC] is easier to be made quantum-secure than Monero, says Blockstream researcher appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC]: Privacy comes at cost only when privacy techniques are expensive, claims former BTC developer

In a recent discussion, Claudia Diaz, a Professor at the University of Leuven, and Peter Todd, early Bitcoin Core Developer, teamed up on the sidelines of the Magical Crypto Conference 2019 to talk about Bitcoin’s crypto-anarchist image and privacy issues.
Talking about Bitcoin, which is not private and is being “sold as a crypto-anarchist tool” that seeks to facilitate privacy, the developer was asked whether it was the fundamental flaw with Bitcoin. Peter Todd responded by stating that it is a fundamental trade-off:
“When you look at Zcash and Monero, both of them had bugs with potential inflation that could have destroyed the currency because the supply wouldn’t be limited”
Bitcoin is less private and for the purpose of preserving value and keeping it safe for a long period of time, he vouched that Bitcoin was a lot safer because of its transparency.
When asked about a scenario in the future where the entire world was using Bitcoin, Diaz asserted that the most interesting aspect about the largest crypto-asset was that it had opened the possibility of having a functioning financial network that runs on this kind of a system. She also admitted that despite the fact that Bitcoin was the one that spearheaded the entire crypto-industry, whether the coin would grow to become a technology that would survive in the future remained uncertain.
The developer, however, responded that it was not possible for the entire world to be on a transparent ledger. According to him, the only way to scale this type of tech was by adding privacy protocols to it. He also said that the Lightning or the layer 2 scalability network, despite being highly vulnerable to attacks against its privacy, “by default, was relatively good privacy”.
Referring to Monero, the duo was asked whether “privacy came at a cost” and whether Monero was a “heavier chain”. To this, Todd responded,
“Privacy only comes at a cost when you use privacy techniques that comes at a cost. Monero happens to use the technique that comes at a cost, but in general, privacy comes at a benefit which is things of scale”
He also explained that in case of the Lightning Network, the marginal transaction cost was zero and it had “excellent” privacy.
The post Bitcoin [BTC]: Privacy comes at cost only when privacy techniques are expensive, claims former BTC developer appeared first on AMBCrypto.
Source: AMB Crypto

Crypto-Market Top 5 Weekly Performers: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Monero

Cryptocurrency gains this year have again out-performed gains from traditional assets like oil, equity, and gold. Moreover, the weekly gains during the last of a couple of weeks have been more than impressive; reviving memories of the 2011 and 2017 parabolic moves in Bitcoin. Nevertheless, Bitcoin and cryptocurrencies have become more sophisticated investment assets since then.
The market gains are primarily governed by the price of Bitcoin [BTC]. Nevertheless, the altcoins have been testing their support levels for long and an anticipation of an alt-season finally came to yield as most cryptocurrencies posted double-digit gains at the end of the week.
Bitcoin [BTC]
The gains on Bitcoin are usually spread larger than altcoins. Moreover, there are a plethora of altcoins, which can be manipulated far more easier and is affected far more greater than Bitcoin on a weekly scale.
Nevertheless, during the second week of May, Bitcoin was the best performing cryptocurrency during the week. The market dominance of Bitcoin near 60% and the total market capitalization of Bitcoin broke above $125 billion. Bitcoin has added more than $25 billion during the week to its total MCap.
BTC/USD 4-Hour Chart (TradingView)
Opening Price: $5717
Closing Price: $7182
The weekly gains: 25.62%
Weekly High/Low:  $7464/
Bitcoin Cash [BCH]:
The altcoin rise began late into the week as Bitcoin [BTC] crossed $7000. The rise in almost all top coins was almost vertical in the next few trading sessions. Bitcoin cash [BCH] crossed $350 level after the break-out towards the end of the week.
Moreover, it also outperformed Litecoin [LTC] to regain 4th position according to the total market capitalization of cryptocurrencies.
BCH/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $290
Closing Price: $362
The weekly gains: 24.8%
Weekly High/Low: $387/$270
Litecoin [LTC]:
Litecoin [LTC] was testing the support and resistance in the $70-$78 range for over a week. The bull market momentum from Bitcoin [BTC] pushed Litecoin above this range to test yearly highs again.
LTC/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $74
Closing Price: $90
The weekly gains: 21.1%
Weekly High/Low: $95/$70
Ethereum [ETH]:
Ethereum [ETH] reached a new year-to-date high at $207. The price of Ethereum also broke above the resistance and support near $165 it broke upwards. The total market capitalization of Ethereum also broke above $20 billion. The dominance of Ether is also consistent ner 10%.
ETH/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $161
Closing Price: $194
The weekly gains: 20.4%
Weekly High/Low: $207/$157
Monero [XMR]:
Monero [XMR], the most popular privacy-focused cryptocurrency also gained a considerable amount after the altcoins break-out began. This is can partly be attributed to the recent attacks on Zcash’s economic system.
XMR/USD 4-Hour Chart on Coinbase (TradingView)
Opening Price: $66
Closing Price: $78
The weekly gains: 18.18%
Weekly High/Low: $63.68
One other cryptocurrency which gained around 20% as well included Bitcoin SV [BSV]. The price of BSV at press time is $63.43.
While most of the cryptocurrencies were in the green, Binance [BNB] Coin and Cosmos [ATOM] recorded negative gains at 6.6% and 24% respectively.
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 5: 00 Hours UTC on 12th May 2019. 
The post Crypto-Market Top 5 Weekly Performers: Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Monero appeared first on Coingape.
Source: CoinGape

Crypto-Market Update: $200 Bn MCap Target Set As Alts LTC, XMR and BAT Rise With Bitcoin [BTC]

Bitcoin [BTC] has been relentless as it continued to rise five days in a row breaking past another important level at $6500 in the same week. The altcoin gains on a daily scale suggested that the gains from Bitcoin have started pouring into the altcoins as well as they tested key support levels.
The price Bitcoin [BTC] at 4: 00 Hours UTC on 11th May 2019 is $6581. While the market dominance of Bitcoin stayed above 58%, the rise on altcoins pushed the market towards $200 billion MCap. The total market cap of Bitcoin alone added more than $5 billion in a day.
Litecoin [LTC], Bitcoin Cash [Cash] and Ethereum [ETH]
Litecoin [LTC] gained over 2% higher than Bitcoin on a daily scale. The price of Litecoin [LTC] at 4: 00 Hours UTC on 11th May 2019 is. It is also testing key Support and Resistance level near $78.
LTC/USD 1-Day Chart on Coinbase (TradingView)
Bitcoin Cash [BCH] and Ethereum [ETH] gained along with Bitcoin’s wave as the Hodlers seemed to hold their position. The price of Ether and BCH gained 3.20% on a daily scale.
Monero (XMR) also gained slightly above Bitcoin [BTC] on a daily scale by 3%. It also tested the key resistance level at $70.
XMR/BTC 1-Day Chart on Kraken (TradingView)
Basic Attention Token (BAT) Gains Big
Basic Attention Token gained higher than almost all the cryptocurrencies on a daily scale. It gained over 25% on a daily scale as it wiped out the losses during the week.
BTC/USDC 1-Day Chart on Coinbase (TradingView)
XRP’s Resilience at $0.3 was surprising as the cryptocurrency was unbudged from price. While Stellar, Cardano’s ADA and EOS gained lightly along with Bitcoin’s momentum as well.
The price of XLM and ADA at 4: 00 Hours UTC on 11th May is 0.00001431 BTC and 0.00000980 BTC respectively.
Also Read: Bitcoin [BTC] Price Cycles Replicated Until Now, $50000 Target Predicted by Peter Brandt
The rise in Bitcoin [BTC] has continued as it moves to test $6600. Moreover, a break above $6450 it was the key support level before the beginning of the bear market in November 2019. Hence, while the short orders on Bitcoin [BTC] fear extreme liquidation, the Bitcoin bulls have been celebrating the rise.
Do you think that Bitcoin will stabilize at this level or a greater upside is possible? Please share your views with us. 
The post Crypto-Market Update: $200 Bn MCap Target Set As Alts LTC, XMR and BAT Rise With Bitcoin [BTC] appeared first on Coingape.
Source: CoinGape

Crypto Market Wrap: Major Coins at Resistance, Consolidation Continues

Crypto markets flat line again; Cosmos still climbing, Monero and Dash moving, XRP dropping back.
Market Wrap
Crypto markets have returned to the middle of their range bound channel holding on to yesterday’s gains but failing to push any higher today. There has been virtually no movement on the majors which has resulted in total market capitalization also remaining where it was yesterday.
Bitcoin spiked to $5,415 a few hours ago before pulling back sharply, since then it has been slowly grinding back up. BTC is marginally higher on the day and is back trading at just above $5,400 at the time of writing. Volume has dropped back a touch to $13 billion as the consolidation continues.
Ethereum remains weakened and is close to dropping back to its crypto winter resistance level below $140 if no further upside momentum is forthcoming. ETH is still trading just above $160 where there is major resistance.
The top ten has changed little over the past 24 hours though red is starting to dominate things during the morning’s Asian trading session. XRP continues to slide falling back a further 1.5 percent and in danger of dropping below the psychological $0.30 barrier which also serves as major support. The rest are unchanged from this time yesterday.
The top twenty is a little more mixed with slightly larger movements for most altcoins here. Cosmos has continued its momentum adding a further 7 percent today as it squeezes past IOTA to take fifteenth spot. ATOM still seems to be benefiting from the recent Binance listing. Privacy cryptos Monero and Dash have both notched up 3 percent taking them to $65 and $116 respectively while BSV, IOTA and Tezos have dropped a couple of percent.
FOMO: Aurora Alone in Double Digits
Another pump is going on at Aurora which is up and down like a pair of pigs on a honeymoon. AOA is today’s top one hundred altcoin and the only one making doubles as it adds 13 percent. Nothing appears to be driving momentum for this token which is often at the top or bottom of the performance charts. There are no others making moves at the moment.
At the other end of the scale things are equally lethargic with no major dumps going on right now. Project Pai however is currently the worst performer with a loss of 5.5 percent on the day. DigixDAO continues to weaken also, losing another 5 percent today.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has not moved since yesterday and remains at $175 billion. The chart is flat and the range bound trading continues with alternating days of green and red. By a number of accounts this consolidation is set to linger for some time so there is very little to report from crypto land today.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Major Coins at Resistance, Consolidation Continues appeared first on NewsBTC.
Source: New feedNewsBTC.com

Monero blockchain records all-time high transaction count; average transaction fee falls to 3-year low

Monero, the famed privacy coin, saw improved scalability with its privacy feature, as evidenced by Monero recording an all-time high transaction count.
According to BitInfocharts, the number of on-chain transactions for Monero reached 9,389 on April 30, 2019. However, as per MoneroBlocksInfo, the transaction count reached 9,249, with 13.87 transactions per block.
Source: BitInfoCharts
The transaction count for Monero during the crypto-frenzy of 2017 was 7,123. However, that record was shattered on April 30. The transaction fee also simultaneously decreased to a low unseen since December 2015. The average transaction fee came down to $0.025. The number of transactions started to skyrocket from 4,425 to 9,389 on April 25, 2019, which was an increase of 112% [almost double].
Dr. Sarang Noether, full-time researcher at Monero Research Lab and the individual responsible for the organization of audits of the bulletproof implementation, proposed a new signature scheme that reduces the size of ring signature substantially in a report. The report stated,
“For our present ring size of 11, a typical 2-input/2-output transaction uses 2.54 kB of space and takes (on my test machine) 13.0 ms to verify the MLSAG signature. Using CLSAG, the same transaction requires only 1.9 kB of space and takes 11.1 ms to verify the signature. This reduces the transaction size by 25% and the verification time by 15% too”
The implementation of this new signature scheme was also addressed by Noether, stating,
“It depends on the results of our security analysis, which is ongoing and not yet complete. The code itself is not terribly complex.”
The report also outlined the proposal and review of the “Dandelion” update. However, the timeline for the same was not announced yet. Noether commented,
“No specific timeline for D++ yet. There are some design decisions that would need to be made before moving forward with the code and testing. Fortunately, this is not a consensus upgrade, and could be done with any wallet release”
The post Monero blockchain records all-time high transaction count; average transaction fee falls to 3-year low appeared first on AMBCrypto.
Source: AMB Crypto

Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated
Binance published their new Research Report in which they took on a different approach in understanding crypto assets. The research showed Bitcoin and Ethereum move in lockstep and the XRP price is the least correlated to other top cryptoassets.
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Source: CoinSpeaker

Crypto-Market Update: Bitcoin (BTC) Recovers But Altcoins XRP, XLM, and XMR Test Support Levels

Bitcoin continued to build support above $5250 over the weekend after incurring losses due to the Bitfinex Vs. New York AG court proceedings revelation. The bulls seemed to have increased the buying pressure tremendously about the $5000 mark.
However, the altcoins haven’t seemed to recover from the sudden price drop and have continued to trade lower on a weekly scale.
BTC/USD 1-week Chart on Coinbase (TradingView)
The price of Bitcoin at 4: 30 UTC on 26th April is $5295. It is trading 0.5% higher on a daily scale and at par on a weekly scale as well. This is the third continual week when Bitcoin maintained its price above the $5150 mark on an average.
Also Read: Bitcoin Weekly Forecast: The Tag of War Between the Bears and The Bulls Carries On
Litecoin [LTC] and Bitcoin Cash [BCH]
Bitcoin Cash [BCH] broke below the $300 mark on 11th April after gaining over 120% since the beginning of the year at $330. However, it is testing the $250 as support.
BCH/BTC 1-Day Chart on Coinbase (TradingView)
The price of Bitcoin Cash [BCH] at 4: 00 hours on 29th April 2019 $254. It is trading 3.54% lower on a daily scale.
Litecoin [LTC] broke below the key support level at $78 dollars. The price of Litecoin [LTC] at 4: 00 hours on 29th April 2019 $68.11. It is trading 2.67% lower on a daily scale.

LTC/USD 1-Day Chart on Coinbase (TradingView)
XRP and Stellar (XLM)
XRP and Stellar are also testing key support levels. The number of stablecoins and speculations of company-specific coins like Samsung, Facebook and even existing cryptocurrencies like Binance has aimed to foster the development using their platform itself.
The price of XRP is trading below the $0.3 level. The price of XRP  at 4: 00 hours on 29th April 2019 $0.297. It is trading at par on a daily scale.
Peter Brandt, a leading chart analyst tweeted an analysis of XRP suggesting it is at “do or die point,
XRP/USD Chart Analysis (Peter L. Brandt)
Stellar (XLM) is also trading below the $0.1. Monero (XMR) is also testing the support level at $60. The price of Monero (XMR) at 4: 30 Hours UTC on 29th April is $61.3. It is trading 2.59% lower on a daily scale.
While Tron (TRX) and EOS traded at par with the price from the past day, they are trading 6% and 10% lower respectively on a weekly scale. Tezos (XTZ) and Basic Attention Token (BAT), two of the biggest gainers of the month, traded at $1.18 and $0.398 respectively.  IOTA gained more than 10% on a daily over its new partnership with British Car Manufacturer, Jaguar Land Rover.
Total Market Capitalization of Altcoins Excluding Bitcoin (Coinmarketcap)
As the total market capitalization of the cryptocurrency market is still around $170 billion, the dominance of Bitcoin [BTC] has been on the rise since the second week of April. The dominance of Bitcoin over the cryptocurrency markets is currently 54.5%. While Bitcoin recovered from the sudden move on 26th April on Bitfinex hysteria, altcoins have continued to trade in below $80 billion.
Do you think that altcoins will continue to lose or a revival is on the horizon? Please share your views with us. 
The post Crypto-Market Update: Bitcoin (BTC) Recovers But Altcoins XRP, XLM, and XMR Test Support Levels appeared first on Coingape.
Source: CoinGape

Six Cryptocurrencies to Watch in 2019

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Six Cryptocurrencies to Watch in 2019
Nora Mork, a tech and business journalist, shares her list of six most promising cryptocurrencies you should definitely keep an eye on in 2019.
Six Cryptocurrencies to Watch in 2019

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Source: CoinSpeaker

Crypto-Market Update: Bitcoin [BTC] Drops Below $5k; Altcoin, ETH, XRP, and XMR Traders Panic on Bitfinex News

Bitcoin [BTC] dropped by more than 8% on 25th April 2019, as it plunged below $5k support. On a daily scale, the candle-stick recorded a loss of 8.76% from $5450 level. The negative movement in the market has been attributed to another Exchange related fraud this time involving Bitfinex.
BTC/USD 1-Day Chart on Coinbase (TradingView)
However, the market has apparently corrected from the sudden crash as it traded only 1.72% lower on a daily scale. The price of Bitcoin at 3: 00 UTC on 26th April 2019 is $5235.
Before Binance, Bitfinex was the leading Cryptocurrency Exchange in terms of volume. USD-Tether stablecoin was also first made popular on this Exchange. Recently, the New-York’s Attorney General’s office has accused the Exchange of covering up to $850 million using USDT.
The news broke late on 25th April 2019 and it caused a temporary frenzy in the markets. Moreover, the altcoins bore the maximum brunt of the fall as the total market capitalization of altcoins (excluding Bitcoin) lost about $5.8 billion dollars.
Market Capitalization of Altcoins Only (Coinmarketcap)
The total market capitalization of the cryptocurrency markets including Bitcoin also fell below $170 billion. Furthermore, the dominance of Bitcoin over the cryptocurrency markets gained another percent; Currently, Bitcoin’s dominance is 54.8%.
Litecoin (LTC) Traders Not Moved
The Exchange-related scam was reported on the illicit use of USD-Tether. Moreover, the Bitcoin traders were too vulnerable and apprehensive of a drop as the news brought extreme FUD (Fear, Uncertainty, and Doubt) in the markets acting as a catalyst.
LTC/USD 1-Day Chart on Coinbase (TradingView)
However, Litecoin traders remained unhinged, the losses it incurred due to Bitcoin’s fall were moderate and covered in a matter of hours nonetheless. The price of Litecoin [LTC] at 3: 15 hours UTC on 26th April is $74.17. It is trading 1.07% higher on a daily scale.
Ethereum (ETH), Monero (XMR) and Dash (Dash) and XRP
Ether (ETH), Monero (XMR) and Dash (DASH) fell by around or more than 5% on a daily scale registering highest losses amongst the top cryptocurrencies. Ethereum broke the $160 support line during the crash. The price of ETH at 3: 20 hours UTC on 26th April is $155.9. It is trading 5.42% lower on a daily scale.
Monero (XMR) and Dash (Dash) also broke key support levels. They are trading 7.45% and 5.02% lower on a daily scale respectively.
Also read: Ethereum, Monero and XRP Bullish, Peter Brandt Lists Stop Loss Levels To Watch-Out For
While XRP lost less in terms of percentage on a daily scale it also broke a key support level of $0.3. The price of XRP at 3: 30 hours UTC on 26th April is $0.293.
The top losers in the top 20 cryptocurrencies by market capitalization were Tezos (XTZ) and IOTA with 12.52% and 10.86% loss respectively. The price of Tezos at 3: 30 hours UTC on 26th April 2019 is $1.10. It wiped out most of the gains of the month, it touched a high of $1.47 in April.
Do you think that the market would correct on the daily or bears would grab hold of the opportunity? Please share your views with us. 
The post Crypto-Market Update: Bitcoin [BTC] Drops Below $5k; Altcoin, ETH, XRP, and XMR Traders Panic on Bitfinex News appeared first on Coingape.
Source: CoinGape