Shocking rallies predicted for Ethereum, Ripple, and Cardano. Ethereum nears 1 million transactions. Bitcoin price correction hypothesis, along with $ 10K & $ 20K value prediction. Facebook GlobalCoin could be a dud. Binance Moves $1.26 Billion in Bitcoin (BTC).
Thus, it will serve you better to look elsewhere, specifically at ethereum, ripple (XRP), and cardano. Cardano is showing bullish signs as it flips resistances into support. Ethereum, ripple, and cardano are all showing bullish signals, and they are likely to pull off massive rallies in 30 days – or less.
Posting their analysis on TradingView, they warn that bitcoin is still in a bear market and may suffer a “violent” correction back to $3,000. The trader also points to bitcoin’s ‘Network Value to Transactions’ (NVT) indicator which is flashing red. Trader and analyst Willy Woo recently calculated a 95 percent chance the bitcoin bottom is already in.
After hitting a low of $22.93 back in December, litecoin has surged back to $118.15 in May. It’s a meteoric rise of 416 percent that dwarfs even bitcoin’s resurgence. Litecoin Metrics & Price Are Strengthening but Is It Too Much, Too Fast? In the same CNBC segment, the panel discussed bitcoin’s latest movements.
Zoomed in, we can see eth transactions have sidewayed for months, with then a brief fall in February due to the increase in blocktimes, so returning back to sideways until April. That level of activity is at about half a billion a day, with it then increasing as more individuals join the network.
As the bitcoin price surged, the assets under management of Grayscale, an investment firm overseen by Digital Currency Group, arguably the most influential venture capital firm in the sector with companies like Coinbase, BitFlyer, Blockchain, Circle, Kraken, Xapo, and Zcash, has surpassed the $2 billion mark.
Citing the case of Facebook’s yet-to-be-launched cryptocurrency as well as Square’s and Fidelity expected crypto-related products, Singh stated that the rally was just getting started and so far it was ‘just the tip of the iceberg’. According to Singh, the current rally in bitcoin was being driven by fundamentals. BitPay’s commercial officer also suggested that Facebook’s move might force other tech giants to enter the bitcoin space too:
First, however, it will most likely correct to the lower channel boundary, and then go up, which will get confirmed with the price bouncing off the support area and RSI testing the support line.
1-Hour Chart Looking at the hourly bitcoin price 00 chart, following the breakout from the ascending triangle, we can see that BTC has made a decent recovery following the initial rejection at close to $9k. Daily Chart Looking at the daily chart, we can see the emphasis on bitcoin breaking through and then finding support at levels which were previously resistance during the bear market.
Binance Coin (BNB): The Ascending Channel Breakout Looking at a broad view of the 4-hour BNB/USDT chart, we can see that the price has been tracking incredibly well inside an ascending channel since May 10, between two uptrending parallel levels (yellow lines).
IOTA Announces Coordicide Solution: A Distributed Ledger Technology which Removes the Barriers to Real-World Adoption. The announcement might have played a key role in determining IOTA’s bullish bias on the day when the majority of digital assets, including bitcoin, were seen plunging.
The tech giant is reported to have included the Bitcoin Core (BTC) symbol within its most recent Excel update, though this remains unconfirmed by the company directly.The news broke with a post on Reddit where user ‘thepowerx’ claimed that BTC would be included as a supported currency in Excel in future.
Bitcoin price rallied this week above the $8,800 and $8,900 levels against the US Dollar.The price formed a new yearly high at $8,928 and it is currently correcting lower.There is a crucial bullish trend line forming with support at $8,280 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair remains well supported on dips near the $8,400, $8,280 and $8,130 levels.
Crypto Analyst: Critical Bitcoin (BTC) Shortage Fueling Rally – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, Cardano, TronThe Daily Hodl
There’s already a shortage of Bitcoin in the world and with the halving event coming up next May, the countdown to even less supply has already begun.” New research from digital assets research firm Diar supports Greenspan’s theory and shows whales have been accumulating BTC since August of last year.
By CCN: The ongoing bitcoin price rally has more than enough fuel to retest the all-time high of $20,000, according to Andy Cheung, head of operations at Malta-based cryptocurrency exchange OKEx. Cheung called $20,000 a “conservative prediction,” hinting that most speculators are less likely to exit their long positions now that BTC has already rebounded by more than 180% from its low near $3,120 in just 163 days.
Ripple (XRP) was the only Top 10 coin in positive territory where it rose by 2% to the $0.43 level, although it had admittedly touched the $0.45 mark on Tuesday evening.Also bucking the trend was Bitcoin SV (BSV), which was up by around 1.5% to the $118 level.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 29CoinTelegraph
Traders can trail the stop loss on the long positions to $0.35.BCH/USDBitcoin Cash (BCH) continues to trade above the 20-day EMA and below the resistance line of the ascending channel. Considering the risk involved, we suggest keeping the position size about 30% of usual.On the other hand, if the bears sink the EOS/USD pair back into the ascending channel, it will indicate profit booking at higher levels.
The price of Bitcoin (BTC) has reached an all-time high against the Argentine peso (ARS) as the world’s leading cryptocurrency approaches $9,000. At BTC’s all-time high in December 2017, 340,165 ARS bought one Bitcoin, valued at roughly $20,000, according to data compiled by CoinGecko. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.
Source: CoinMarketCapAs Cointelegraph reported earlier today, the number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip.Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $26.6 billion.
ADA price moved higher this week above the $0.0900 resistance area against the US Dollar.The price struggled to clear the $0.0935 level and recently corrected below $0.0900.There is a breakout pattern forming with resistance near $0.0920 on the 4-hours chart (data feed via Kraken).The price is likely to climb above $0.0920 and $0.0935 as long as it is trading above the $0.0840 support.
Not according to Mean Melik Manukyan, who opined that it is instead “divestment from an unchecked economic system run amok due to decades of easy money printing.” Bitcoin is not an investment. Images via Shutterstock The Rundown Is It A Bit Like Gold?Is It A Form Of Investment?Bitcoin Is Valuable Because It’s:
The analysis was published in a new report from weekly crypto outlet Diar on May 28.Diar’s analysis begins by comparing bitcoin’s distribution landscape today with data from August 2018, when the top coin was last trading in a circa $8,000 price range.
News American digital asset manager Grayscale announced that out of the firm’s $2.1 billion of assets under management, $1.97 billion resides in its bitcoin investment trust. The firm tweeted the figures on May 28.According to the published data, the bitcoin (BTC) trust is responsible for nearly 94% of the firm’s total assets under management.
Exchanges, Traders & Wallets
The VirgoCX’s OTC desk provides premium services to clients who wish to make large cryptocurrency trades (over 75,000 CAD or 50,000 USD). – Trade settlement: Once the offer is accepted, the client will need to wire fiat currency to VirgoCX’s bank account or transfer digital currency to VirgoCX’s digital currency wallet address.
The string of big names joining the conferences panels and workshops continues to grow, this time with the addition of Binance Europe’s Mariana Gospodinova. She will be featured on one of the event’s marquee panel sessions, ‘Building Blocks of Institutional Adoption’.
Rakuten Wallet cares about its customers and will work with CipherTrace to make sure that exchanges have optimal protections for mainstream adoption.
Binance Moves $1.26 Billion in Bitcoin (BTC) As Ripple Fires Off 200 Million XRP in Massive Show of Crypto’s StrengthThe Daily Hodl
Ripple, which owns more than half of the total supply of all XRP in existence, routinely moves its holdings in and out of escrow in order to sell portions of its assets to crypto exchanges and other institutional participants. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets.
SimpleFX adds Monero and Ethereum Classic accounts Bitcoinist. The award-winning global mobile-friendly trading platform now offers accounts in 22 different currencies (including seven cryptocurrencies). You can find an easy guide on how to create your Monero or Ethereum Classic account in just a few clicks on the SimpleFX Blog.
News A subsidiary of Japanese e-commerce giant Rakuten, Rakuten Wallet, has partnered with blockchain security firm CipherTrace to assure Anti-Money Laundering (AML) compliance for the company’s upcoming crypto exchange.
Notably, all our investors need is an account with the exchange and some cash in their deposit accounts.” During development, the Geco.one team spent a considerable amount of time selecting the exchanges to launch their tokens, citing good reputation, excellent security and a broad range of users: ”During our research, we discovered that COINEAL had achieved a strong reputation globally.
Scams, Hacks & Law Issues
Suggested articles No-nonsense Broker TIOmarkets Achieves 10,000 Sign UpsGo to article >> Crypto regulations not be a priority at the moment Last week, state-run TASS news agency reported that the governor of the Central Bank of the Russian Federation, Elvira Nabiullina is considering the launch of a gold-backed cryptocurrency for international settlements.
Zweispace’s decision to choose Bitcoin SV (BSV) as its public blockchain for real estate data storage made a lot of sense, considering their preference for a protocol that emphasized security and working within existing laws.
The analysts backdated attacks to late February, noting the campaign’s precipitous expansion at a rate of over “seven hundred new victims per day.”Between April 13 and May 13, the number of infected servers reportedly doubled to hit 47,985.Guardicore Labs notes that the malware campaign is not a regular typical crypto-miner attack, as it relies on techniques commonly seen in advanced persistent threat groups, including fake certificates and privilege escalation exploits.The researchers have nicknamed the campaign “Nansh0u,” after a text file string ostensibly used in the attacker’s servers.
The Australian regulator responsible for overseeing securities has warned investors to steer clear of OneCoin, after officially labelling project a “scam.”The Australian Securities and Investment Commission (ASIC) warned the public in a notice released this week that it suspected OneCoin “could be involved in a scam.”The warning is the starkest to date to come from the regulator concerning OneCoin, with potential investors advised to avoid dealing with the company.
No License, No Trading Coin Bene is a popular cryptocurrency exchange, and the platform is allegedly operating without a license in Germany and abroad. Recently, Live Bitcoin News reported that popular crypto platform Ripple was under attack by a financial auditing firm that says the enterprise underreported several of its earnings by nearly $50 million.
The land was located in Nevada’s Elko County, where Morgan promised a mega city where Bitcoin would be legal tender. In a tweet sent on April 19, Morgan appealed for character witnesses arguing it would boost his chances of freedom.
Trading in financial instruments on behalf of customers is subject to authorization under the KWG.”The regulator also pointed out that the freelancers stand a big risk of engaging in fraudulent acts, stating, “they run the risk of being hired solely for the purpose of quickly transferring illegally obtained funds to foreign criminals through exchange in cryptocurrencies in order to blur their transfer channels.”Furthermore, BaFin stated that CoinBene doesn’t have the necessary license to operate in the country and is not listed in Germany’s commercial register.However, the exchange has denied such claims.
A 61-year-old woman in China will be spending the next four months in prison after she was convicted of illegal usage of electricity to mine Bitcoin Core (BTC). The 17,277.6 kWh of electricity used over the mining period was reported to be worth 8,984 yuan ($1,300).The woman was arrested by the authorities last year in October.
We will pay you 0.3 ETH for every 100 valid visitors to your link.”It then goes on to explain how to onboard others as well as how to cash out once the user achieves the minimum withdrawal threshold.However, according to the malware hunter, the app is just bait that lures victims and then steals their login credentials and their money.
According to the US Attorney’s Office for the Southern District of California, Morgan Rockcoons has been sentenced to 21 months in federal prison for conduction operations on the site, including a real estate fraud scheme that involved Bitcoin Core (BTC).The Las Vegas resident was accused of running an unlicensed money transmitting business, as well as wire fraud, in conjunction with his LocalBitcoins endeavors.
iar’s analysis begins by comparing bitcoin’s distribution landscape today with data from August 2018, when the top coin was last trading in a circa $8,000 price range.
To date, agents have identified at least 10 victims of Rockcoons’ fraud,” the release confirms.Rockoons was again arrested in October 2018, and plead guilty to crypto-related fraud charges in related to Bitcointopia as well as to operating a money transmitting business without a license in March of this year.In total, the profits from the activities topped $80,000, which Rockoons will now forfeit in addition to the jail term after his guilty plea.The takedown continues an increasingly zero-tolerance policy towards informal trading in the U.S..
Emilio Janus | May 29, 2019 | 09:00 The ongoing dispute between crypto startup Kik and the SEC has this week seen a new defense fund set up and an extension to the Wells process. Images via Shutterstock The Rundown Defenders of CryptoWill Kik Get Its Day In Court?The SEC Has Not Enforced Any Uncontested Action
By CCN: CoinBene, who denied being hacked earlier this year, is not registered to do business in Germany. Bitcoin Exchange Coinbene Swears it Wasn’t Hacked: Traders Fear the Worst https://t.co/lxvz06DxGZ The agency accuses CoinBene of trying to hire people within Germany to trade on behalf of CoinBene users, writing, according to Google Translate:
With cryptocurrencies becoming increasingly popular with investors and financial institutions alike, governments are scrambling to regulate the activity to safeguard their citizens.This appears to be the case in Egypt, where it was announced on Tuesday that the Central Bank of Egypt (CBE) would institute new banking laws that would ban any company from creating, promoting, or operating any platform where issuing or trading digital currencies would occur unless they received the necessary licenses from the government.The law has not officially passed, but the draft of the legislation gives the CBE Board of Directors the ability to govern all regulations and transactions related to these types of currencies, including determining who would be authorized to perform these kinds of transactions.
Facebook Globalcoin Could Be A Dud
They write, “The small userbase of young people who are likely to be abreast with current technological developments has a fairly weak purchasing power.”Of the 55% of users over the age of 35, even if they have the money to spend, Diar suspects they would be unwilling to trade in their existing preferences for the option.
According to research published on May 28 by cryptocurrency analytics firm Diar, Facebook’s payment-focused coin will fail to gain traction based upon the demographics of the platform’s user base. GlobalCoin has been poised as a bitcoin-killer on the assumption that the currency will find traction with Facebook’s 2.2 billion users.
The latest report by research firm Diar implies that Facebook’s foray into crypto could be fruitless. GlobalCoin: Escalating Worries Some big name news outlets have compared GlobalCoin to Bitcoin claiming that to could possibly be a competitor.
And yet, if this rollout does happen, new research has indicated that the Facebook cryptocurrency will struggle to gain traction. Yesterday, May 28, Diar, a cryptocurrency analytics firm, published a research report saying GlobalCoin will struggle out the gates as it won’t gain traction because of the demographics that use the platform.
Blockchain Projects & Government Strategies
Zweispace’s decision to choose Bitcoin SV (BSV) as its public blockchain for real estate data storage made a lot of sense, considering their preference for a protocol that emphasized security and working within existing laws.
While they planned to bring as many as 25,000 jobs to Queens, building a large campus and even funding local public education, they’re now reportedly developing a relatively small distribution center. According to local reporting, the retail giant will build another small distribution center in North Andover, Massachusetts, a community of fewer than 30,000 people at the last census.
It’s exactly what’s needed to power BSV from here to the exciting worlds these visionaries are planning.Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design.
On May 28th 8:00 AM and May 29th 10:00 PM (EDT), BitMart, a premier global digital asset trading platform, will join Magic Cube to launch a unique two rounds of Live Game Shows. With MCC, users may participate in IGOs of all kinds of games and can exchange game tokens through Magic Cube platform.
Blockchain payment system Puma Pay is joining hands with a company called Total Processing to make it easier for small and mid-sized retailers to accept cryptocurrency as a form of payment. Puma Pay provides an “open-source, free-of-charge blockchain-based protocol that decentralizes the transaction process.” Total Processing, on the other hand, helps to ease up the complications often experienced with payment processing.
With the alpha version of Loop available to the public, Bosworth and Lightning Labs had to think about how to make managing liquidity as efficient as possible.Making Liquidity More EfficientTo address this issue, Bosworth developed a concept called “Hyperloop” as a next step toward solving this problem.
French-based cryptocurrency hardware manufacturer, Ledger revealed that the Ledger Nano X wallet had left its pre-order stage. This latest development comes less than two weeks after the company announced the shipment of the first genesis block editions of the new hardware wallet.
It also allows end-users to browse files uploaded by others, and pay a small fee to download them to listen to.In a follow-up tweet, Libs promoted the site as a method to “Allow your audience to reward you for your work with Bitcoin SV-powered micro payments.” Several artists already have as well.
The German blockchain-based lending platform is set to raise €3.5 million (around $3.9 million) via a security token offering (STO). The company is bullish with the fundraising technique as Albrecht previously predicted that Bitbond might raise as much as €100 million with STOs. The German company is also decently funded as, according to CrunchBase, it raised $10.7 million from venture capitals.
Even if a gaming DApp came along to rival the CryptoKitty fad and convinced users to take the extra steps to play it, the network couldn’t support them anyway. Images via Shutterstock The Rundown CryptoKitties Paralyzed the Ethereum BlockchainCute Cats and Dice Games Just Don’t Cut ItBlockchain Platforms Are Not Ready for UsersThe User Experience Needs Improving
According to a report by Reuters, the two join more than 100 other participants in TradeLens, the blockchain platform that was conceived by a partnership between the Danish shipping giant Maersk and New York-based tech giant IBM.MSC, which is based in Geneva, Switzerland and CMA CGM, based in Marseille, France are the second and fourth-largest container shipping companies in the world respectively.The inclusion of the two giants is a big step towards making the blockchain platform ubiquitous in the industry.
This allows the users, usually small and medium sized enterprises (SMEs), to digitize invoices and speed up invoice-payment collections.The founder and CEO of Crowdz, Payson Johnston, expressed his excitement at the opportunities that lay ahead, especially now that the startup has the backing of Barclays and Bold Capital.
“Baer Chain has entered the technological breakthrough phase of curvature navigation.” When talking about future planning, Vincent said that we will open a series of developers conferences with the theme of “Curvature Navigation” on a global scale, along with industry elites around the world.
This new platform will streamline services currently provided by Dubai Land Department allowing mortgage owners and banks to stay up to date.Arshad Khan, a representative of the bank, commented:“We are delighted to partner with DLD and support it in the new initiative that targets Dubai’s real estate sector.
Dimon stopped short of saying the bank wouldn’t cancel more conservative accounts in the future. Milo, Gab, and anyone else can still use all the services of the Bitcoin blockchain. When David Almasi confronted Jamie Dimon at last week’s shareholders meeting, he asked him to explain the abrupt closure of bank accounts belonging to Enrique Tarrio, Joe Biggs, Laura Loomer and Martina Markota.
E-commerce giant Rakuten has partnered with blockchain security and analytics firm CipherTrace to give a further boon to its forthcoming cryptocurrency exchange, known as “Rakuten Wallet.” The deal helps enhance anti-money laundering (AML) processes at Rakuten Wallet, which has started accepting account applications since mid-April, like tracing the source of on-chain funds and matching user IDs to problematic wallet addresses.
This increase in success seems to be coupled with other changes in the market–for one thing, the average number of new ICOs on the market has decreased significantly since the beginning of the year.
Final Frontier explained in a statement that they wanted to provide “convenient access” to these investors.Just three weeks prior to this, Bitfury collaborated on a project with Longenesis to launch a new blockchain consent management solution, which they proposed would streamline the data collection process involved in medical research.
This comes as the bank has recently stopped issuing virtual accounts for investors interested in digital currencies.The financial institution is looking to use this technology to decrease costs and increase efficiency in the lending process.
The soaring price of Bitcoin has prompted the South Korean authorities to conduct a pan-governmental meeting to discuss the crypto market conditions. “In particular, illegal activities such as fraud and multi-stage illegal activities carried out on the rise of the market price will be strictly controlled through the surveillance and financial authorities,” the government representative added.
Coinbase, the largest crypto exchange and wallet platform in the US, has introduced payment support with Paypal to its Canada-based clients. Discover the Barcelona Trading Conference – A Top Tier Crypto Trading Event The San Francisco-headquartered exchange first integrated Paypal for payments in 2016 as beta only to its US-based customers.
According to the official, CBDCs can play the role of a medium of exchange, a means of payment and a store of value. However, the adoption of such currencies could also potentially increase levels of financial exclusion, the ECB official added.
GlobalCoin: Escalating Worries Some big name news outlets have compared GlobalCoin to Bitcoin claiming that to could possibly be a competitor.
However, with the Crowdz Invoice Exchange, these often struggling companies can get paid within a few days or less-at rates usually far less than available elsewhere in the market.”In addition to receiving investment from Barclays and BOLD, the $5.5 million funding round was also financed by TFX Capital Partners, Techstars Ventures, and First Derivatives.
According to the game’s official website, there are competitive in-game advantages to owning particular car models:“The game will center around the collection and trading of unique Cars, Drivers and Components – all of which will exist as non-fungible tokens (NFTs) based on the ERC-721 token standard.
News A group of United States congressmen has requested that Lawrence Kudlow, the director of the National Economic Council, hold a blockchain forum, in a letter published on May 24.A group of seven congressmen, including Trey Hollingsworth, Darren Soto, Bill Foster, Tom Emmer, Ted Budd, Josh Gottheimer, and David Schweikert, has submitted a request to hold a forum on blockchain technology.The Council is the principal body through which the US presidential administration considers economic policy matters.
News A senior executive at cryptocurrency payments processor BitPay told Bloomberg on May 29 that bitcoin (BTC) will only expand higher from its current price.Speaking in an interview with Bloomberg TV, the company’s chief commercial officer, Sonny Singh, said it was business interest and endorsement of cryptocurrency that was fuelling the current market-wide bull run.“You’re starting to see that these currencies have real use cases around the world, and it’s making people really excited now because they can see the light at the end of the tunnel for these use cases,” he told the network.
Salesforce expects to roll out its blockchain platform to the general public in 2020.Previously, Salesforce acquired a patent with the U.S. Patent and Trademark Office to detect spam emails using blockchain technology.Recently, Hyperledger introduced a set of tools to improve the interoperability of different types of blockchain-based data.
News A blockchain project developed to safeguard the integrity and accessibility of digital government records of national archives worldwide will soon present the results of a successful trial deployment in the United Kingdom, Estonia and Norway.