Dutch Land Registry Implements Blockchain and AI in National Property Market

On May 31st, The Netherlands’ Land Registry (Kadaster) gave a huge thumbs up for blockchain, as reported by the Dutch tech news portal “Computable”. The Kadaster is going onboard for implementation of blockchain technology and Artificial Intelligence (AI) in the national real estate market.

The Netherlands has a 200-year tradition of being up-to-date with the latest technological developments. Another part of this long history is keeping a reliable and accurate Land Registry system. So far, this core system has continuously been improving since the 19th century, and the improvement trend is still predominant.

What are the benefits of using blockchain for the Kadaster?

Koen Huisstede, the Land Registry’s architect, explained that the Agency was trying to understand and adapt the practical application (legal, technical and managerial) of blockchain’s distributed platform on the Dutch property structure.

Kataster Blockchain, blockchain land registry netherlands
Placing land registry information on the blockchain makes it available for everyone to access and make better decisions, talk to the right people, and find lands for purchase.

Furthermore, Huisstede pointed out that they are looking towards Kataster Blockchain solutions to create a more “flexible and agile organization and processes”. The Agency’s primary task is to provide fast, reliable, and accurate data. Often this data is related to property, mortgage, and all other external information from parties associated with the real estate industry. Koen Huisstede predicts that functional blockchain platform can be launched within three years.

In addition to fintech solutions, the Dutch Land Registry also turned to the incorporation of AI to set up “cognitive systems to make predictable models” to see how blockchain and AI can operate in the national property scope.

Holland’s Ministry of Economic Affairs and Climate Policy initiated national blockchain research project with a special unit in charge of recognizing the application of ledger technology in the Netherlands. 

This initiative is part of the Dutch Government’s program “Blockchain Pilots”. This program is being conducted in cooperation with the United Nations Office for Projects Services (UNOPS). The goals are to perform thorough research on the legal potential of blockchain technology and economic impact.

The entire program includes thirteen pilot projects whose research results will be published in September on an event held in New York, probably in the UN headquarters.

Source: Crypto News

Brian Kelly: Ripple Needs More Utility for XRP Prices to Increase

Brian Kelly, the CEO of cryptocurrency trading firm BKCM, believes that investors are missing the bigger picture when it comes to Ripple. Speaking with CNBC, Kelly outlined the potential utility for both the Ripple Ledger and XRP.

Ripple’s Utility in the Payments Arena

The global payments industry is incredibly massive. Advances in cross-border payments and international banking systems have increased the total addressable market — with BKCM’s Brian Kelly claiming that the size of the internal payments market, alone, is $155 trillion. According to Kelly, it costs about $31 billion to move the entire $155 trillion strong market.

Ripple’s core mandate is to be a real-time gross settlement system, currency exchange, and remittance network. Ripple CEO Brad Garlinghouse and the team at Ripple believe that XRP can find significant utility in the payments industry — potentially saving banks up to 60 percent on international money transfers. However, to enjoy such incredible cost savings, banks have to use both the Ripple ledger and XRP token framework.

Ripple Shoots Up After AMEX Deal and Secret US Bank Meeting

Cost Savings on Nostro Accounts Reconciliation

Nostro accounts are an integral part of the international banking framework.

Simply put, a Nostro account is a foreign currency denominated account held by a bank in another country. Part of the expenses incurred by international banking activities is the inventory cost of maintaining these foreign accounts. According to Kelly, banks can eliminate this cost by using the Ripple ledger and XRP tokens instead of holding foreign currency in overseas accounts.

Ripple, for their part, has been making giant strides in the payments ecosystem. No other cryptocurrency has as many strategic banking partnerships as Ripple. Both RippleNet and xRapid platforms have attracted no shortage of banking partners and financial institutions. However, the value of XRP tokens does not yet reflect the rapid expansion of Ripple activities.

Ripple Price Analysis: “The Bigger the Base, the Higher in Space”


When looking at the above XRP price chart, the popular stock market adage “the bigger the base, the higher in space” comes to mind.

XRP prices have declined since the start of 2018, in line with the rest of the cryptocurrency market in general. However, XRP prices show an extended base period which — if Louise Yamada, Alan Shaw, and Smith Barney are correct — indicates a massive XRP rally might be imminent.

For this happen, Kelly believes that Ripple needs more utility — not only for its ledger framework but for its tokens as well. Commenting on the issue, Kelly said:

The knock on Ripple if you are a currency investor is that you can use the ledger without the currency [XRP tokens] and that’s why [XRP] has to have a utility.

Do you agree with Kelly’s summation that increased XRP utility will drive up the price of the token? Let us know in the comments below. 

Images courtesy of Shutterstock, Bitcoinist archives, and CoinMarketCap.com.

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Source: Bitcoininst

PR: The Masternode Foundation Launches MANO, Its Exclusive Cryptocurrency

The Masternode Foundation Launches MANO, Its Exclusive Cryptocurrency

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Since late 2017, several crypto specialists have been stating that masternode coins “will be huge in the upcoming years”.

After only five months into 2018, we can already see they were correct, masternodes are becoming the new mining.

Crypto investors are starting to realize that, by investing in masternodes, they are building a portfolio of passive income generating assets.

But there is a problem that is holding investors back.

Different coins have different technical requirements to run their masternodes and most investors don’t want to learn complicated Linux commands or have time to deal with Ubuntu Server’ security updates.

The Masternode Foundation is proud to announce the launch of its own cryptocurrency, MANO, which will be the exclusive currency accepted by all the Masternode Foundation services.

– MANO fair launching schedule:

– PRE-ANN on Bitcointalk: May 28th. read it here
– Website and Light Paper: May 30th.
– Github Code reveal: May 31st .
– Fair Coin Launch: Monday, June 4th, 2018 at 4pm UTC

– MANO Technical Specifications:

– Symbol: MANO
– Address Prefix: M
– Block Reward: 10 MANO
– Masternode Collateral: 1000 MANO
– Block Reward distribution: 5/5 ( 50% Miner / 50% Masternode )
– PoW Algorithm: Lyra2z
– Block time: 120 seconds
– Diff Retargeting: DGWv3
– Halving: 12 months
– P2P Port: 5982
– RPC Port: 5983
– Max Supply: 12,614,400 MANO
– Premine: 3%

About The Masternode Foundation:

– MANO Host:

An exclusive one-click masternode deployment and hosting platform where any investor will be able to click and launch a full masternode without previous linux command line or even wallet console knowledge.

– Automated Shared Masternode Service:

Shared Masternode Automated Platform which offers the possibility of joining
any coin shared masternodes automatically without waiting or interacting with anyone.

– Masternode Rankings:

Comprehensive masternode coins listing and comparison platform, featuring “Node Monitor” a masternode monitoring service app with live alerts.

– MANO Exchange:

A masternode coin exclusive exchange where masternode owners can receive
their rewards directly and trade them automatically if they choose to do so.

For further information regarding MANO, refer to the contacts listed below:

Contact Email Address
Supporting Link

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Source: Bitcoinnews.com

Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF)

Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF)

Why wait for Wall Street to launch exchange traded funds following the crypto markets? Huobi, the Singapore-headquartered cryptocurrency exchange, has decided to create its own ETF style instrument based on its recently launched index of ten digital assets. 

Also Read: This Week in Bitcoin: Digital Money Makes the World Go Round

Huobi Index Tracker Fund

The company says that the Huobi 10 index tracker product, HB10, will allow retail investors to attain exposure to the digital assets market with a relatively small capital outlay while diversifying risks. It is also meant to attract more institutional investors, by reducing the impact of institutional entry and exit on a single coin. Investors may purchase HB10 shares exclusively with UDST, BTC, ETH and Huobi’s own HT. The minimum purchase for each account is 100, or 0.01 BTC, 0.2 ETH, and 50 HT.

Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF)

Huobi only announced launch of the benchmark index less than two weeks ago, explaining at the time it is meant to reflect the market performance of Huobi Pro in terms of USDT. The assets in it are divided into four categories: Coins, Platforms, Applications and Physical Assets tokens, depending on the transaction volume value of the previous quarter. Right now the index’s components include HT at 29.3%, BTC at 23.1%, EOS at 17.3%, ETH at 10.9%, BCH at 5.2%, XRP at 4.1%, IOST at 3.1%, LTC at 3%, ETC at 2.3%, and DASH at 1.5%.

$93 Million Crypto VC Fund

Huobi Creates Its Own Cryptocurrency Exchange-Traded Fund (ETF)It was also revealed on Friday that Huobi has joined forces with Chinese VC New Margin Capital and Korean online brokerage Kiwoom Securities to jointly launch a 100 billion won ($93 million) investment fund. It will invest in blockchain startups in both China and Korea, and is meant to help collaborations among the two Asian ecosystems. According to China Money Network, Korean banks including Korea Development Bank and Industrial Bank Of Korea will be investing in the fund as limited partners. And Mirae Asset Financial Group, an independent financial services group headquartered in Seoul, is also joining the fund as an investor.

Besides Huobi’s new ETF, enabling people to invest in multiple coins as once has been a focus in the industry recently. Last month, Circle, the Goldman Sachs-backed Boston-headquartered company, announced a new feature called “Buy the Market,” allowing users to buy seven assets in one click, including BTC, BCH, ETH, ETC, LTC, ZEC and XMR.

What do you think about this new investment instrument? Share your thoughts in the comments section below. 

Images courtesy of Shutterstock.

Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

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Source: Bitcoinnews.com

Corporate Currency Adds Liquidity to Crypto markets

It’s hard to argue with cryptocurrency’s proliferation in the past 18 months. Even though the last two months have seen crypto markets depreciate by more than 50%, they are still posting massive gains from their price a year ago. According to CoinMarketCap, the crypto cap is more than eight times higher than it was at this time last year.

It’s incredible, right?

This run bull run created a comprehensive crypto fan base that adamantly supports their adoption and believes in their ability to make meaningful contributions to the digital economy. In just the first three months of 2018, ICOs raised more than $5 billion, which is a 20% than they accrued in all of 2017, a record year at the time. At times, this unbridled enthusiasm can be confused with actual usability, something that is far more elusive in crypto markets.

The most ardent critics point out that, although it bears the name “currency,” cryptocurrencies are rarely usable as such. In many ways, digital currencies are more akin to commodities, investment assets that have value but aren’t typically used to facilitate transactions.

They have a point. There are very few companies that accept the most popular and valuable cryptocurrency, Bitcoin, at checkout, and it’s even less likely that one of the many alternative coins that join the market this year are usable for purchasing goods in the real world.

Better with Blockchain

However, the blockchain’s technology is powerful, and it’s fast enough that adequate solutions should be readily available and impeccably useful. Indeed, those solutions are emerging, and it could solve crypto’s nagging liquidity problem.

Zeex, a blockchain-based platform lets digital currency holders purchase gift cards to a large selection of significant retailers. Using the Ethereum blockchain’s capable infrastructure, Zeex provides rapid transaction speeds that more closely mimic the use of credit or debit cards at online platforms. Regarding retail liquidity, this of the most profound expression of usable digital currency that we’ve seen since Bitcoin first launched in 2009.

Of course, Bitcoin’s original intention was not to serve as a speculative asset. Instead, it intended to facilitate P2P payments for the digital economy; therefore, Zeex and other companies like it are bringing cryptocurrency into maturity by finally letting cryptocurrency holders go shopping.

With Zeex, cryptocurrency users can jump from crypto to product without fiat money or fees. In doing so, they are bridging the gap between cryptocurrencies and the products that people want to buy with them.

Zeex partners with more than 500 mainstream retailers so that users can turn their digital currency into a wide variety of goods. Their partners include Amazon, American Eagle, Starbucks, Footlocker, Gap, Ticketmaster, Xbox, PlayStation, and many more. By converting digital currency to corporate currency in the form of gift cards, users can access their products without losing money through conversion rates all while taking advantage of savings opportunities presented by using a company’s own currency to make purchases.

Although Zeex offers the most expansive array of partners and accepts the most diverse selection of cryptocurrencies, they are not the only players providing this solution. Crypto owners, especially Bitcoin holders, have many options in this regard. The most notable, eGifter and GiftToken offer a marketplace for Bitcoin holders to translate their digital currency into gift cards. However, these platforms a more complex exchange system that costs users some value.

Usability Equates with Value

Together these platforms are empowering their users to make real purchases using virtual gift cards. As digital currencies accelerate in popularity and value, it’s essential that they also become more usable. When that’s the case, who needs fiat money? A secure, speedy and digital alternative, seems more appealing in every way.

2017 will undoubtedly be remembered as the year that cryptocurrencies made their mainstream debut. As fun as that was, 2018 is the year that they become truly usable, and that starts with the ability to actually use digital currency to buy stuff. Although it’s not a revolutionary concept, crypto’s inability complete this simple task has been a black eye on the industry for too long. As a result, these platforms certainly feel like a novel solution for cryptocurrency usability.

This is a sponsored post.

Source: Crypto News

Meet Bestmixer, the Bitcoin Tumbler Trying to Outwit Chainalysis

Bitcoin tumbling service Bestmixer has added a slew of new features designed to enhance anonymity. A triple-tier service provides varying levels of privacy, all geared around outsmarting the blockchain forensic tools deployed by companies such as Chainalysis.

Also read: Bitcoin’s Chance at the $20 Trillion Offshore Tax Haven Market

Bestmixer Ups Its Privacy Game

Bitcoin tumbler services and blockchain analysis firms have been engaged in a cat and mouse game, with each trying to outwit the other. Blockchain forensics companies have the full weight of law enforcement behind them and the deep pockets of government funding their bitcoin deanonymizing efforts. Tumbler services, in comparison, have little more than some open source code and a desire to reclaim the privacy that’s been gradually eroded from the web over the years, with crypto users among the worst affected.

Bestmixer.io launched in March of this year, and has just issued a major update to its privacy features. Users of BTC, BCH, ETH, and LTC can feed their coins through the service, with the ones that emerge on the other side promised to be untainted and unlinkable. Platforms such as Chipmixer offer a similar service, which can be accessed from the clearnet or deep web, providing a means of obfuscating activity on darknet markets and anywhere else where privacy is desired.

Beating Chainalysis at Their Own Game

In a post on the Bitcointalk forum, the Bestmixer team announced the introduction of a new module containing reserves for mixing, writing:

Not so long ago a New York blockchain startup ‘Chainalysis’ announced the launch of a real-time transaction analysis tool. A new tool called ‘Chainalysis KYT’ (Know Your Transaction) allows real-time transaction analysis. In particular, the new functionality allows cryptocurrency companies to find out instantly how reliable their counterparty is, and whether it operates with funds that were previously used in illegal financial transactions. In connection with this news, we decided to divide our reserves into three pools, each of which will fulfill its goals.

The Alpha, Beta, and Gamma pools offer different degrees of privacy, with the latter two commanding an increased fee commensurate with the cost of maintaining them. Explaining the importance of privacy for all cryptocurrency users, the Bestmixer team said: “Everyone who has ever participated in a transaction with you has an opportunity to find out the addresses of your wallets, their balances, and can determine the origin of your coins and the destination address. Apart from disclosing the details of your private life, it also makes you an easy target for cybercriminals.”

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” LaunchesChainalysis have become unavoidable in the world of cryptocurrency, particularly when it comes to KYC and KYT. Many ideologues regard them as “enemies of bitcoin” due to their efforts to deliver cryptocurrency users into the hands of the state that bitcoin was arguably designed to counter. In addition to being used in criminal investigations, Chainalysis is deployed to detect pooling with ICO private sales, something that most ICOs are publicly against but which is rampant. Services such Bestmixer and Chipmixer play a small but vital role in protecting the privacy of those who cherish it the most.

Do you think bitcoin tumblers can be trusted to thwart forensic services like Chainalysis? Let us know in the comments section below.

Images courtesy of Shutterstock, and Chainalysis.

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The post Meet Bestmixer, the Bitcoin Tumbler Trying to Outwit Chainalysis appeared first on Bitcoin News.

Source: Bitcoinnews.com

Vitalik Buterin: Sharding and Plasma Could Scale Ethereum by 10,000x

Vitalik Buterin has shed some light on the subjects of Sharding and Plasma while essentially suggesting that Ethereum’s network will ultimately be capable of supporting tens of thousands of transactions per second.

OmiseGO (OMG) held a holiday special AMA on May 30, which featured Ethereum’s founder Vitalik Buterin. While the entire session was filled with interesting insight, what definitely caught the attention of most viewers were Buterin’s thoughts on Sharding and Plasma — two major improvements to the Ethereum blockchain which are currently under development.

As it stands currently, Ethereum’s blockchain can — according to Buterin — support up to 15 transactions per second (TPS). Recognizing that this has become widely inefficient and, for what it’s worth, insufficient, Buterin explained that the team’s concentrated efforts have been to handle what could be a major roadblock for Ethereum’s further development.

Vitalik Buterin

Layer #1 — Sharding

Vitalik explained that Sharding is a layer one scalability solution, which is designed to directly improve the existing blockchain — essentially making it work a lot better.

Currently, every node running on the Ethereum network needs to process every transaction going through it. While this validation provides for a high amount of security, it also suggests that the blockchain itself can be only as fast as its individual nodes — disregarding the sum of their parts.

Sharding, on the other hand, describes a condition of the blockchain where the network is split into smaller partitions called shards, which contain independent transaction history. In this scenario, individual nodes would only have to process transactions for certain shards, hence allowing the overall transactional throughput — in total — to be greater as a single node wouldn’t have to do all the work.

Layer #2 — Plasma

Plasma, on the other hand, is designated to be a layer two scalability solution — which doesn’t improve the blockchain itself. Instead, it takes an existing blockchain, creates a special construction which is connected to it, and thus provides a much higher throughput.

Plasma, in its essence, is referred to as a solution for conducting off-chain transactions. Still, it relies on the underlying blockchain of Ethereum to guarantee its security.

Plasma may be regarded as a “child-chain” which could run entire applications featuring thousands of users with minimal interaction between it and the main-chain of Ethereum. However, this “child-chain” would also be able to produce its own “child-chains”, essentially creating numerous branched blockchains, all of which are connected to the main-chain. Since operations on those sub-chains won’t have to be replicated across the entire main network, they could move a lot faster and reduce transaction fees.

Simply put, the idea of Plasma is to allow the Ethereum blockchain to continue handling smart contracts while only broadcasting completed transactions.

Ethereum Creator Vitalik Buterin Proposes Maximum Ether Supply

Both Layers are Complimentary, not Conflicting

Buterin also explained that the scalability improvements of both layer one and layer two solutions will eventually multiply each other. He provided an example in which Ethereum sees a scalability increase by a factor of one hundred through Sharding, while also mentioning that it could be even higher than that. Ethereum’s founder then stressed that when you add Plasma on top of that, the network itself won’t have to do 100 times the amount of activity. Instead, it will do 100 times the amount of entrances, exits, and speed resolutions — eventually improving the number of users that the system would be able to handle, adding a maximum safe capacity of another 100x.

Buterin himself, being playfully wordy as usual, said:

If you add 100x from Sharding and 100x from Plasma, these two together basically give you a 10,000x scalability gain.

Since this was, after all, an OMG AMA, one user question did capture his attention:

Will the OMG Network scale up to a million transactions even without sharding?

To this, Buterin confidently responded that if “if it does, Sharding will scale it up to one hundred million.”

Unsurprisingly, this led to the question of whether or not it could scale it up to a billion. Buterin responded by outlining that there are just a few physical barriers which could potentially limit the number of transactions the Ethereum network could handle, providing all technological improvements are integrated and work as intended.

Do you think the Ethereum network will eventually be able to handle tens of thousands of transactions per second, or possibly even more? Let us know in the comments below! 

Images courtesy of Bitcoinist archives, Pixabay, Flickr.

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Source: Bitcoininst

Markets Update: Digital Currency Market Bulls Push Back After Decline

Markets Update: Digital Currency Market Bulls Push Back After Decline

Cryptocurrency prices are making some headway today after suffering from a bearish onslaught last week. Since our last markets update the digital asset economy has gained $26 billion over the last five days. The price of bitcoin cash (BCH) touched a high of $1,160 earlier today but now hovers around $1,140 per BCH. Bitcoin core (BTC) values reached $7,790 per BTC but subsequently dropped to an average of $7,713 at 7am EDT.

Also Read: Devere Group Adds Bitcoin Cash and EOS to Crypto Exchange App

Cryptocurrency Markets See a Short Term Push Upwards

The question over the past few months is — How long will the cryptocurrency bear run last? A few weeks ago things were trending upwards showing signs of a reversal after digital assets lost considerable value after touching all-time highs. Today cryptocurrency markets are showing some deep consolidation as traders have been shifting positions in hopes of another bull run this year. However ever since BTC touched a high of $19,600 digital currency bears have been storming the markets and shorting them to profit from the downturn.

Bitcoin Cash Market Action

On Sunday, June 3, 2018 bitcoin cash markets are commanding an overall valuation of $19.5Bn and the decentralized currency has gained 10 percent over the past 24-hours. Seven day gains for BCH show the digital asset has jumped upwards 13.9 percent in value. BCH purchasing volume has also increased and rests at $753Mn over the past 24-hours. The top five exchanges swapping the most bitcoin cash today include Okex, Huobi, Bitfinex, Lbank, and Binance. One BCH is roughly 0.1465 BTC and bitcoin core is the most traded pair with BCH today. BTC captures 40.8 percent of BCH trades followed by tether (USDT 28.9%), USD (17.7%), KRW (8.9%), and the EUR (1.3%).

Markets Update: Digital Currency Market Bulls Push Back After Decline

BCH/USD Technical Indicators

Looking at the 4-hour BCH/USD chart on Bitfinex shows bulls are tiring out a touch from this morning’s upward push. Before the spike, the market appeared to form a deep consolidated diagonal formation as Bollinger Bands have been extremely tight. BCH buyers are currently facing resistance and the two Simple Moving Averages (SMA) indicate the path to resistance may be towards the upside. The short-term 100 SMA is above the 200 SMA trendline but not by much. After this morning’s rise, the MACd still shows room for improvement and the Relative Strength Index (RSI) points to (71) overbought conditions. Order books show BCH bulls need to press past $1,185 to find smoother seas while on the backside there are foundations between the current vantage point and $925.

Markets Update: Digital Currency Market Bulls Push Back After Decline

Bitcoin Core Market Action

Bitcoin Core’s (BTC) upwards action is slowing down right now after touching a high of close to $7,800 earlier this morning. The price of BTC is up 0.88 percent over the last 24 hours and 5.2 percent over the last seven days. Trading volume has increased only a little bit since our last markets update as BTC traders this Sunday are swapping $4.95Bn in trade volume. The top exchanges trading the most of this action are Binance, Okex, Bitfinex, Huobi, and BTCC. The Japanese yen today is the forerunning pair traded with BTC capturing 55 percent of trades. Tether (USDT 18.6%) follows the yen, and then the USD (16.3%), KRW (3.3%), and the RUB (2.3%). The Russian Ruble has sort of silently sneaked into the top five currency pairs position with BTC. Furthermore on the peer-to-peer exchange Shapeshift.io the top trade today is ETH for BTC.

Markets Update: Digital Currency Market Bulls Push Back After Decline

BTC/USD Technical Indicators

Looking at the same 4-hour timeline for BTC/USD on Coinbase and Bitstamp show bulls are feeling exhausted after that last push. The cryptocurrency is holding just above the $7,700 region and resistance is piling up across exchange order books. The two SMA trendlines for BTC show similar action as the short term 100 SMA is just above the long-term 200 SMA. With this said we may see some more northbound action if bulls can manage to press through current resistance. MACd is meandering downwards indicating bears are attacking and RSI levels are around 56, showing conditions could go either way after the last spike. Order books are not too bad looking at the upside as bulls need to muster up strength to get past $7,900-8,100 in order to approach far safer and less bearish conditions. Looking down we can see that bears will be stopped at $7,200 and there are considerably sized walls through $6,600 as well.

Markets Update: Digital Currency Market Bulls Push Back After Decline

The Top Digital Assets Today

Cryptocurrency markets in general throughout the top positions are seeing gains today. The second highest market capitalization commanded by ethereum (ETH) has seen a 4.6 percent increase this Sunday. The price of ethereum has gained 7.3 percent this week in total and the price per ETH today is $619. Ripple (XRP) values are up 2.7 percent as one XRP is averaging around $0.66 cents per token. The token EOS which just launched its mainnet is up 5.7 percent this Sunday and 19 percent this week. One EOS is priced at $14.84 per token at the time of publication.

Markets Update: Digital Currency Market Bulls Push Back After Decline

The Verdict: Skepticism Remains

The upswing has added a touch of positivity throughout the cryptocurrency trading environment as markets managed to hold steady at current levels. But many are still skeptical of the current direction and we are most definitely not outside the bear market just yet. Currently, the verdict is traders are skeptical after losing optimism the past three weeks, but some believe the next step is to move upwards as most markets have triple bottomed this year.

Where do you see the price of BCH, BTC, and other coins headed from here? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

Images via Shutterstock, Trading View, and Satoshi Pulse.

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The post Markets Update: Digital Currency Market Bulls Push Back After Decline appeared first on Bitcoin News.

Source: Bitcoinnews.com

Bitcoin Price Sets Sights On $8,000 As Investors Watch For ‘Buy’ Signal

On June 3, the price of Bitcoin broke through ten-day highs to once again challenge $8,000 — as multiple investors eye fresh ‘buy’ signals. 

Brandt Watches For Sunday ‘Buy’ Chart

Data from across major exchanges showed BTC/USD move through $7,700. As of press time on Sunday, it is hovering between $7,720 and $7900.

Bitcoin’s newfound support upends a weekly downturn, which saw prices bottom out at $7,096 on May 29. A strong support at $6,900 remains untested since early April.

Sources from within the cryptocurrency industry remain hawkish on the potential for a more decisive return to form for Bitcoin — which has so far failed to regain ground lost through May, where it hit a peak of $9,922

When analyzing charts over the weekend, veteran trader Peter Brandt suggested BTC/USD “could” produce a ‘buy’ signal by Monday — while tapering enthusiasm about the pair sustaining further support.

Pantera Capital Weighs In On Institutional Investor ‘Pile-In’

Earlier in the week, more confident cues came from Pantera Capital CEO Dan Morehead, who once again repeated calls to buy Bitcoin.

“All cryptocurrencies are very cheap right now,” he told CNBC on May 31. “It’s much cheaper to buy now and participate in the rally as it goes.”

Morehead’s statements were made in consideration of 2018’s wider narrative on Bitcoin prices, which has seen traders weigh the possibility of institutional investors entering the cryptocurrency market en masse — which would almost assuredly boost prices significantly.

Rather than a sudden influx as some foresee, Morehead acknowledged that any further engagement would instead be a “process.” He stated:

There’s an image out there where there’s an ‘on-off switch’ and it’s off now and they’re going to flick it on on some particular date and institutions will pile in. […] It’s a process. Obviously, risk and reward go together; a couple of years ago there was a lot of risk but there was a lot of reward, and we’ve yet to get to the point where we have an SEC-regulated custodian which is the one silver bullet everyone’s waiting for — but many institutions are buying the rumor and selling the fact.”

What do you think about Bitcoin’s price action this weekend? Let us know in the comments section below! 

Images courtesy of Shutterstock, BitcoinTicker.co, Twitter/@PeterLBrandt.

The post Bitcoin Price Sets Sights On $8,000 As Investors Watch For ‘Buy’ Signal appeared first on Bitcoinist.com.

Source: Bitcoininst

This Week in Bitcoin: Digital Money Makes the World Go Round

This Week in Bitcoin: Digital Money Makes the World Go Round

This week we saw that despite most countries being less open to cryptocurrency as Japan, this amazing innovation continues to fascinate the whole world. This was evident in stories from all over the globe that were covered in this week’s daily editions of Bitcoin in Brief.

Also Read: Devere Group Adds Bitcoin Cash and EOS to Crypto Exchange App

Poloniex Responds to Complaints

On Monday we reported that Poloniex, the US-based cryptocurrency trading platform which was taken over by Circle earlier this year, has finally responded to complaints by its clients about frozen accounts. The company tried to reassure clients their funds were safe and that it has taken steps to increase the speed of the identity verification process. Additionally covered was the fact that the UK’s Financial Conduct Authority (FCA) has revealed it is investigating two dozen unauthorized cryptocurrency-related ventures and has also opened seven whistle-blower reports in 2018 alone.

McAfee Warns of War on Crypto

This Week in Bitcoin: Digital Money Makes the World Go Round
John McAfee (Photo by Gage Skidmore)

The big news on Tuesday was that cybersecurity expert turned pump and dump guru John McAfee has issued another bullish prediction. Bitcoin (BTC) will surpass $15,000 in June, but will dip in July, McAfee predicted. His prediction was in contrast with Russian analysts who expect that value of BTC will continue to drop, even below the psychological $6,000 USD threshold.

McAfee also also talked about “the war we are all engaged in”, Claiming that the banks, the government and the US Securities and Exchange Commission have declared war on crypto. He advised crypto enthusiasts to take action – write their congressmen and press banks and credit card companies with demands for crypto transactions. McAfee called on his followers to also write the SEC and ask “to leave us alone, because we are not a security […] we are a currency.”

China Fights Impersonators and Fraudsters

A couple of stories that show cryptocurrency is still a hot topic in China were our focus on Wednesday. First, Chinese social media has erupted in anger this week after the use of a Mao Zedong impersonator at the Boao Blockchain Forum for Asia in Hainan province. Second, a Chinese procurator’s office has reportedly prosecuted 98 people and recovered 1.7 billion yuan (about $270 million) in an alleged Onecoin pyramid scheme. Additionally covered were high market awareness in Germany, a London mosque that accepts bitcoin donations, a new green mining farm in Canada and an MMA champ’s love for crypto.

Asus Creates 20-GPU Mining Motherboard

This Week in Bitcoin: Digital Money Makes the World Go Round
Asus H370 Mining Master

On Thursday we reported that Taiwanese computer hardware manufacturer Asus has created a new motherboard with support for up to 20 graphics cards, designed specifically for crypto miners. The company explains that: “Mining is a numbers game; it’s only worthwhile if the value of the cryptocurrency you generate exceeds the cost of producing it. Increasing the number of graphics cards per node is a great way to stack the deck in your favor.” We also reported about a Singaporean businessman acquiring a Japanese exchange; some ripple-loving alleged Russian hackers shaking down Canadian banks; and a Colombian soccer star launching his own coin.

Expanding Horizons in Uganda, Bahrain and Georgia

Countries not often mentioned in the news made headlines on Friday. First, Binance could be opening a new office in Uganda, CEO Changpeng Zhao revealed at The Africa Blockchain Conference. “I was very impressed by the enthusiasm of Africans to introduce cryptocurrency and blockchain technology. It was surprising to see that cryptocurrencies enjoy not only an increased interest from the people, but also the active support of many representatives of African banks and government officials,” CZ stated. Second, Bahrain has recently enjoyed a spike in online trade using cryptocurrency due to an absence of limiting regulations and a shop selling crypto-priced items is set to open soon in Riffa. Lastly, we reported that a luxurious apartment has been put on sale for 25 bitcoins in Georgia.

Blockchain on the Agenda in Spain, Slovenia, Estonia and Hungary

This Week in Bitcoin: Digital Money Makes the World Go RoundGovernments all across Europe were our focus on Saturday.  Lawmakers in Spain have issued a unanimous call for adopting regulations that favor the implementation of crypto and blockchain technologies. The government of Slovenia has adopted an action plan to underpin the implementation of blockchain technology in the country and create a regulatory framework for cryptocurrencies. In Estonia, officials have scaled down plans to issue a national cryptocurrency, which were criticized by both the European Central Bank and local banking authorities. And in Hungary, “The newly established Ministry for Innovation and Technology, along with the enhanced national digital wellbeing strategy, can help local blockchain players embrace innovative solutions and improve their fundraising potential,” said Péter Benedek, the CEO of Blockchain Competence Center (BCC).

This Week in Bitcoin Podcast

Catch the rest of this week’s news in the This Week in Bitcoin podcast with host Matt Aaron.

What other stories in the bitcoin world caught your attention this week? Share your thoughts in the comments section below. 

Images courtesy of Shutterstock.

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