Day: November 11, 2017

What is lightning network, and why is it the only possible solution to Bitcoin’s scaling problem?

The token for the live music industry, $VIB, is now available to trade on Bittrex, the world’s third biggest exchange according to Coinmarketcap, following the recent listings on Binance, UpBit and HitBTC.

Wednesday was a big day for the Slovenia-based music startup that sold out their ICO in under 5 minutes.

“Bittrex is of course the logical step for any serious cryptocurrency. Working with them has been a delight and we are happy have their support. Having our token listed on such a big and reputable exchange only proves that the stakeholders in this industry believe in our project and share our vision. Our token holders kept asking us when we’ll have the token listed there, because they wanted an exchange with a high volume. With the help of our advisers we are now happy to ring the bell and start trading at Bittrex.” said Viberate’s CEO and co-founder Matej Gregorcic.

Charlie Shrem, the startup’s most well known adviser, played an important role in getting the coin to one of world’s top exchanges. He thinks that the two companies working together is something that had to happen: “I’m happy to help use relationships to further more business in benefit of the greater community. Viberate is an amazing project and Bittrex the best exchange, of course they would be together.” The company also announced that they are extending their relationship with the Bitcoin Foundation founder, who remains on board as an adviser, helping the team with his wide network as well as with day-to-day operations regarding the Viberate token. The first major upgrade of the token and the platform Viberate.com is due in the coming weeks and will allow anyone to earn VIB tokens by contributing content to the platform.

Landing the VIB token on a big exchange however won’t be the payday for founders and the team. Their personal tokens are vested for a 2-year period with monthly cliffs. Gregorcic pointed out that they want to lead by example: “Personally, I don’t think that any of our employees, who have tokens, would dump the whole stash. We have the best team in the world and we all believe we’ll truly rock the music world to the very foundation. Holding on to precious coins is in everyone’s best interest, so fear of dumping wasn’t the reason why we decided to reverse vest them. We wanted to show that this is how it should be done, because we saw one too many bad examples of company’s tokens being dumped in the eyes of contributors who trusted the project with their own money. We’re even slightly adjusted our smart contract in order to show exactly how many tokens vest each month, so anyone can check on us.”

The post VIB TOKEN LISTED ON BITTREX, VIBERATE ENHANCES RELATIONSHIP WITH CHARLIE SHREM appeared first on NEWSBTC.

“BITCOIN CASH IS BITCOIN NOW.” Issued by Li Ang, head of China-based bitcoin mining outfit Canoe Pool, the proclamation may not be distinguishable from typical cryptocurrency banter. However, the difference this time around is the context. No idle statement, Ang’s comment comes amid what can only be characterized as one of the biggest migrations of […]

Key Points

• Bitcoin cash price rocketed higher above the $1500 level against the US Dollar to trade as high as $1805.
• There is a crucial bullish trend line forming with support at $1450 on the 4-hours chart of BCH/USD (data feed from Kraken).
• The pair is a super uptrend and it is likely to extend gains toward the $2000 level in the near term.

Bitcoin cash price is gaining pace above $1500 against the US Dollar. BCH/USD might continue to move higher and it could even test $2000.

Bitcoin Cash Price Support

There were nasty gains in bitcoin cash price during the past two days as it broke the $1000 level against the US Dollar. The price traded to a new all-time high at $1805 and it seems like the current bullish wave is not over yet. At the moment, the price is trading near the $1750 levels and is consolidating gains. An initial support on the downside is around the 23.6% Fib retracement level of the last wave from the $1220 low to $1805 high.

The downside reaction would be limited in the short term by $1500 or $1400. There is a crucial bullish trend line forming with support at $1450 on the 4-hours chart of BCH/USD. The trend line support is near the 50% Fib retracement level of the last wave from the $1220 low to $1805 high. Therefore, any major dips from the current levels toward $1500 might find strong buying interest. Only a close below $1400 could open the doors for a downside wave toward the $1000 level.

On the upside, the price will most likely try to break the $1805 high. It could even break the $2000 level if buyers remain in action.

Looking at the technical indicators:

4-hours MACD – The MACD for BCH/USD is placed strongly in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is in super overbought levels.

Major Support Level – $1500

Major Resistance Level – $2000

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Weekly Analysis – BCH/USD Eyes $2000 appeared first on NEWSBTC.

Key Points

• Bitcoin price struggled to move above the $7770 level against the US Dollar and started a downside move.
• There was a break below a major bullish trend line with support at $6780 on the 4-hours chart of BTC/USD (data feed from SimpleFX).
• The pair is now well below the $6500 level and remains in the bearish zone.

Bitcoin price struggled and moved below $6500 against the US Dollar. BTC/USD might continue to decline and it could even break $6000.

Bitcoin Price Turned Bearish?

It was yet another bullish week for bitcoin price as it moved above the $7500 level against the US Dollar. The price even managed to move above $7700 and traded to a new all-time high of $7773. Later, it failed to hold gains and started a downside move. It broke the 23.6% Fib retracement level of the last wave from the $5362 low to $7773 high. The downside move was strong as the price broke the $7000 level and the 100 simple moving average (H4).

Sellers even broke a major bullish trend line with support at $6780 on the 4-hours chart of BTC/USD. Moreover, the pair is now well below the 50% Fib retracement level of the last wave from the $5362 low to $7773 high. That’s why, there are chances of it extending declines in the near term. At present, the pair seems to be approaching the $6000 handle, which might act as a support. Once there is a break of the $6000 level, there are chances of more declines toward $5650.

On the upside, the broken support near $6750 and the 100 simple moving average (H4) are resistance zones. Selling rallies near $6750 can be opted in the short term as long as the price is below $7000.

Looking at the technical indicators:              

4-hours MACD – The MACD is gaining pace in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is currently near the oversold levels.

Major Support Level – $6000

Major Resistance Level – $6750

Charts courtesy – SimpleFX

The post Bitcoin Price Weekly Analysis – BTC/USD Breaks Key Support appeared first on NEWSBTC.

Key Highlights

• ETH price after trading above the $325 level against the US Dollar found sellers and moved down.
• There is an expanding triangle forming with support at $291 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
• The pair might continue to trade in an expanding range with current resistance above $327.

Ethereum price is trading in a range against the US Dollar, but moved higher versus Bitcoin. ETH/USD remains supported on the downside near $291.

Ethereum Price Support

This past week, there was a decent upside move in ETH price above the $325 level against the US Dollar. The price traded to a new monthly high of $327.28 before it faced a lol of sellers and started a downside move. There was a sharp downside move and the price traded below the $296 support area. A low was formed recently at $287.41 from where the price started a new upside move.

It traded above the 100 simple moving average (H4) and the 50% Fib retracement level of the last decline from the $327.28 high to $287.41 low. However, the upside move was capped by the $312 level. The 76.4% Fib retracement level of the last decline from the $327.28 high to $287.41 low also acted as a resistance. ETH is currently correcting lower and it seems like there is an expanding triangle forming with support at $291 on the 4-hours chart of ETH/USD.

On the downside, there is a decent support forming near $291 and the 100 simple moving average (H4). As long as the pair is above the 100 SMA and the $291-290 area, it can initiate a new short-term bullish wave. Overall, there is an expanding range forming with support at $291 and resistance above $327.

4-hours MACD – The MACD is slightly in the bullish zone.

4-hours RSI – The RSI is currently just above the 50 level.

Major Support Level – $291

Major Resistance Level – $330

Charts courtesy – SimpleFX

The post Ethereum Price Weekly Analysis – ETH/USD Remains in Range appeared first on NEWSBTC.

New VR firm has developed a way for Blockchain technology to allow users to actually own a piece of the platform, and to be protected through the security that Blockchain provides.

Blockchain technology company DeHedge, established by the group of successful investors, aims to become the first on the global market to provide securities and insurance services for cryptocurrency projects worldwide.

The risks involved in investing into an attractive ICO are many. An almost complete lack of government control, bylaws, regulations or rules makes it difficult to distinguish good investment from a failing project. The crypto market is different as it lacks brokers, underwriters, sureties, banks and hedging instruments. This lack of intermediaries creates distrust and robs market players of the instruments they require to ensure the safety of their investments.

Our mission – to develop the crypto economy and insure market players against risk by providing the necessary instruments they require to continue growing and developing the promising market.

DeHedge evaluates ICO projects using a unique model developed by DeHedge in collaboration with one of the largest consulting firms. An investor receives insurance coverage for various cases, such as project cancellation or token exchange rate instability. DeHedge’s smart contracts use insurance reserves, making its financial stability beyond questioning. The smart contracts are programmed to automatically pay out in full in case of an insured event.

Existing cryptocurrency investors and potential investors are the main clients of DeHedge as the project, now entering its Presale stage, provides investment securitization and insurance of risks for those seeking to join the growing token market. Since DeHedge operates both with pre-ICO and circulating token projects, to ensure the security of its clients, it has cooperated closely with a leading consulting company to develop a comprehensive system to make sure all benefit from the working scheme.

The solid backing provided by DeHedge is certain to attract the attention of investors who need serious insurance when choosing their business ventures.

Visit our website to find out how it works: https://dehedge.com/

Follow DeHedge:
Twitter: https://twitter.com/De_Hedge
Facebook: https://www.facebook.com/dehedgeofficial/
Telegram: https://t.me/Dehedge
Medium: https://medium.com/@DeHedge

The post Investor Sureties on Hand with DeHedge appeared first on NEWSBTC.

Deloitte and other firms have created an experimental Blockchain platform for protecting insurance consumer information, while helping the top 14 insurance providers to be GDPR compliant.

It is evident the Bitcoin price will continue to struggle for some time to come. As a result, virtually every other cryptocurrency and asset is surging in value. The Bitcoin Gold futures have noted a 142% gain over the past 24 hours. That in itself is pretty remarkable considering the currency still hasn’t been released. It will be interesting to see how these futures affect the actual BTG price starting tomorrow.

A futures market is never a validation of the future price of anything. Especially in the Bitcoin world, futures prices and market values are often very different. This is not a big surprise by any means, as futures are incredibly speculative. People are making some good money with the Bitcoin Gold futures right now, though. Early believers have made a nice 142% profit over the past 24 hours alone.

Bitcoin Gold Will Shake Things up yet Again

This value of $450 per BTG is pretty spectacular, to say the least. It is unclear if this altcoin is even worth that much. Just because it has the Bitcoin name doesn’t mean it will astonish a lot of people. Then again, people are looking for alternatives that aren’t Bitcoin first and foremost. More specifically, there is a major grudge against Bitcoin Core. A lot of people aren’t too happy with SegWit either. More specifically, the lack of adoption of this scaling solution. They should lame service providers for that rather than developers, though.

The future of Bitcoin Gold remains shrouded in mystery. It is a currency with a premine, which people tend to forget. This premine means a lot of coins could get dumped if the price is right. With a value of $450, that may happen a lot sooner than people think. A lot of people will try to liquidate their BTG from day one as well. It is a free token which means free money. However, it seems this value is derived from the Bitcoin price, which may continue to go down for some time to come.

All things considered, these are crucial times for the survival of Bitcoin. Although things have not deteriorated too much yet, there is some stiff competition right now. Bitcoin Cash is dominating the cryptocurrency discussions. Bitcoin Gold is waiting to be released to the masses. We may see some very strange market activity over the next few weeks, that much is evident. How things will look come early 2018, remains to be determined. No big changes are expected but there may be some surprises to keep in mind moving forward.

Header image courtesy of Shutterstock

The post Bitcoin Gold Futures Surpass $450 one day Before the Launch appeared first on NEWSBTC.