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Bitcoin Price Weekly Analysis – Can BTC/USD Hold $9,000?

Key Points Bitcoin price declined this past week and moved below the $10,000 level against the US Dollar. There was a break below a major bullish trend line with support at $10,350 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair must stay above the $9,300 and $9,000 support levels … Continue reading Bitcoin Price Weekly Analysis – Can BTC/USD Hold $9,000?

The post Bitcoin Price Weekly Analysis – Can BTC/USD Hold $9,000? appeared first on NewsBTC.

Key Points

  • Bitcoin price declined this past week and moved below the $10,000 level against the US Dollar.
  • There was a break below a major bullish trend line with support at $10,350 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX).
  • The pair must stay above the $9,300 and $9,000 support levels to avoid further declines in the near term.

Bitcoin price is under pressure below the $10,000 level against the US Dollar. BTC/USD remains at a risk of more declines if the pair fails to hold the $9,000 support.

Bitcoin Price Resistance

This past week, there was an increase in bearish pressure on bitcoin price from the $10,800 swing high against the US Dollar. The price started a downside move and traded below the $10,500 support level. There was also a break below the 23.6% Fib retracement level of the last wave from the $8,250 low to $11,650 high. Moreover, there was a break below a major bullish trend line with support at $10,350 on the 4-hours chart of the BTC/USD pair.

The pair traded towards the $9,400 support and declined below the 100 simple moving average (4-hours). More importantly, there was a break below the 50% Fib retracement level of the last wave from the $8,250 low to $11,650 high. It has opened the doors for more losses below $10,000. On the downside, the $9,350 support is holding losses and is preventing declines. Should there be a break below $9,350, the price may even decline below the $9,000 level. An intermediate support is near the 76.4% Fib retracement level of the last wave from the $8,250 low to $11,650 high.

Bitcoin Price Weekly Analysis BTC USD

On the upside, a break above the $10,000 resistance is needed for the price to move back in the bullish zone.

Looking at the technical indicators:              

4-hours MACD – The MACD for BTC/USD is currently in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is currently well below the 50 level.

Major Support Level – $9,350

Major Resistance Level – $10,000

 

Charts courtesy – SimpleFX

The post Bitcoin Price Weekly Analysis – Can BTC/USD Hold $9,000? appeared first on NewsBTC.

Bulletproofs: The Latest Technique to Improve Bitcoin’s Confidentiality – Bitcoinist


Bitcoinist

Bulletproofs: The Latest Technique to Improve Bitcoin’s Confidentiality
Bitcoinist
Amazing schemes and technological innovations are being tried and implemented to continuously enhance Bitcoin’s scalability, fungibility, financial confidentiality, and privacy. The Confidential Transactions (CT) tool is one of these schemes proposed

and more »


Bitcoinist

Bulletproofs: The Latest Technique to Improve Bitcoin's Confidentiality
Bitcoinist
Amazing schemes and technological innovations are being tried and implemented to continuously enhance Bitcoin's scalability, fungibility, financial confidentiality, and privacy. The Confidential Transactions (CT) tool is one of these schemes proposed ...

and more »

Ethereum Price Weekly Analysis – ETH/USD Bearish Below $870

Key Highlights ETH price declined recently and moved below the $860 support level against the US Dollar. There is an expanding triangle forming with resistance at $870 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair may continue to decline as long as it is below the $870 resistance level. Ethereum price … Continue reading Ethereum Price Weekly Analysis – ETH/USD Bearish Below $870

The post Ethereum Price Weekly Analysis – ETH/USD Bearish Below $870 appeared first on NewsBTC.

Key Highlights

  • ETH price declined recently and moved below the $860 support level against the US Dollar.
  • There is an expanding triangle forming with resistance at $870 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
  • The pair may continue to decline as long as it is below the $870 resistance level.

Ethereum price is struggling to move higher against the US Dollar and Bitcoin. ETH/USD could extend the current decline and it could even break $800.

Ethereum Price Decline

There was a major downside move in ETH price from well above $1,000 against the US Dollar. The price declined and moved below the $950 and $900 levels. It traded below the 23.6% Fib retracement level of the last wave from the $553 low to $970 high. Moreover, there was also a break below the $860 support and the 100 simple moving average (4-hours). It tested the $770 support level and is currently correcting higher.

There was a test of the 50% Fib retracement level of the last wave from the $553 low to $970 high. However, the price is struggling to recover above the $870 level and the 100 SMA. There is also an expanding triangle forming with resistance at $870 on the 4-hours chart of ETH/USD. The pair may continue to decline in the short term as long as it is below the $870 level. On the downside, once there is a break below the $760 support, there can be more declines in the near term.

Ethereum Price Weekly Analysis ETH USD

It looks like the price may consolidate in the short term around the $800 level before making the next move. The risk is towards the downside unless the pair succeeds in breaking the $870 resistance. A break above $870 could push the price above the $920 level.

4-hours MACD – The MACD is slowly reducing its bearish slope.

4-hours RSI – The RSI is moving higher towards the 50 level.

Major Support Level – $760

Major Resistance Level – $870

 

Charts courtesy – SimpleFX

The post Ethereum Price Weekly Analysis – ETH/USD Bearish Below $870 appeared first on NewsBTC.

Bitcoin Cash Price Weekly Analysis – BCH/USD to Decline Further

Key Points Bitcoin cash price started a fresh decline this past week and moved below $1,250 against the US Dollar. There is a major bearish trend line forming with resistance at $1,310 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may continue to decline and it could even break … Continue reading Bitcoin Cash Price Weekly Analysis – BCH/USD to Decline Further

The post Bitcoin Cash Price Weekly Analysis – BCH/USD to Decline Further appeared first on NewsBTC.

Key Points

  • Bitcoin cash price started a fresh decline this past week and moved below $1,250 against the US Dollar.
  • There is a major bearish trend line forming with resistance at $1,310 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX).
  • The pair may continue to decline and it could even break the $1,100 support in the near term.

Bitcoin cash price is struggling to recover against the US Dollar. BCH/USD remains at a risk of more declines below the $1,100 level during the next few days.

Bitcoin Cash Price Resistance

There was a fresh downside wave initiated in bitcoin cash price from the $1,610 swing high against the US Dollar. The price declined and moved below the $1,500 and $1,300 support level. The decline was such that the price even broke the $1,250 support level. It is currently trading below the $1,200 level and the 100 simple moving average (4-hours), which is a bearish sign.

The recent low was $1,118 with resistance on the upside around the 23.6% Fib retracement level of the last decline from the $1,617 high to $1,118 low. There is also a major bearish trend line forming with resistance at $1,310 on the 4-hours chart of the BCH/USD pair. The trend line resistance is important since it is near the 38.2% Fib retracement level of the last decline from the $1,617 high to $1,118 low. Moreover, the 100 simple moving average (4-hours) is positioned near the $1,320 level. Therefore, the $1,310-1,320 area is a major hurdle for a recovery in the near term.

Bitcoin Cash Price Weekly Analysis BCH USD

On the downside, the pair remains at a risk of more declines once there is a close below the $1,100 level.

Looking at the technical indicators:

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

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently well below the 50 level.

Major Support Level – $1,100

Major Resistance Level – $1,310

 

Charts courtesy – SimpleFX

The post Bitcoin Cash Price Weekly Analysis – BCH/USD to Decline Further appeared first on NewsBTC.

DNotesEDU Prioritizes Investor Protection in Cryptocurrency Education

Cryptocurrency education platform DNotesEDU has announced a massive upgrade, offering expanded content that provides entry level educational material focusing on cryptocurrency and personal finance. According to DNotesEDU education director Brandon Cheliak, the changes are an effort to address the cryptocurrency market’s current lack of sound information about investor protection and education. The DNotesEDU platform is focused on empowering individuals with the knowledge they need to be able to make sound cryptocurrency investments. The additional educational material is designed to fill in the gap between what the average ‘mainstream’ investor finds easy to understand, and what the industry considers “beginner friendly”, with the

Cryptocurrency education platform DNotesEDU has announced a massive upgrade, offering expanded content that provides entry level educational material focusing on cryptocurrency and personal finance. According to DNotesEDU education director Brandon Cheliak, the changes are an effort to address the cryptocurrency market’s current lack of sound information about investor protection and education.

The DNotesEDU platform is focused on empowering individuals with the knowledge they need to be able to make sound cryptocurrency investments. The additional educational material is designed to fill in the gap between what the average ‘mainstream’ investor finds easy to understand, and what the industry considers “beginner friendly”, with the following guide:  

If Cryptocurrency Confuses You…  Start Here  

DNotesEDU provides a wide range of FREE educational material consisting of easy to understand guides, explanations, and industry videos. For those wishing to delve deeper into the technology, they can check out the material in the sub-module Cryptocurrency Education: Free Courses. Interesting articles and news briefs are included in the modules to enhance the learning experience. Videos are used to help explain concepts such as blockchain, mining, proof of stake, proof of work, wallets, smart contracts, and more.

The content rich site is also focused on helping investors assess risks and identify potential red flags. As Cheliak notes, “It’s common for new technology industries to see their fair share of con-artists coming up with clever ways to dupe unsuspecting investors. Among these cons are various forms of paid cryptocurrency ‘education packages’, sometimes with complex tier structures, and often with great promises of wealth. It is very important that people educate themselves.”

Cheliak said that DNotesEDU recognizes the difficulty people will have making the transition to a digital financial world of cryptocurrencies. The platform is committed to providing those people with information about money, the financial system, and other important factors to help them protect themselves against potential financial fraud.

The information has been designed to be entry-level, explaining investment products, strategies, and styles using short videos and other easy-to-understand mediums. The content packed sections are broken down into modules and sub-modules. An index at the bottom of each page provides a link to material covering different concepts and terms.

Cheliak stressed the important role that education can play in protecting investors. “Critical to investor protection is having sufficient knowledge of the risks associated with various investments, especially cryptocurrencies and Initial Coin Offerings (ICO),” he said. “ICOs are facing regulatory scrutiny, and investors need to know how these regulations will affect their investment. At present, ICOs represent an extreme level of risk, especially to new investors.”

To protect investors and give them some of the tips and resources needed to evaluate the various cryptocurrencies and Initial Coin Offerings, DNotesEDU has prepared a Cryptocurrency & ICO Screening Guide for Investors. The guide is for those who are interested in investing in cryptocurrencies or ICO tokens, understand that it is high risk, but have no idea what to look for in the 1500 coins and tokens available. It is not intended as financial or investment advice.

A Security module has also been included, with a basic introduction to “Online Security & Fraud Protection”. Short beginner level videos will acquaint the reader with the ever-present danger of financial or identity theft that occurs without proper email security, as well as Wifi security, firewalls, anti-virus software, and basic password practices.  

Disclosure

DNotes EDU is a self-funded project by certain members of the DNotes team and community. The material on the site is not to be interpreted as investment advice. Any references to specific cryptocurrencies, financial products, or businesses mentioned in any articles or videos are purely for educational purposes. DNotesEDU advises that investors never accept a buy recommendation from anyone at face value, that they educate themselves, and always make their own decisions.

The team takes a conservative, long term approach to the industry, believing that success will come to the groundbreakers that abide by the law and follow the standards of good business practices. The goal of DNotesEDU is to provide truth and trust in cryptocurrency.

About DNotes EDU

For more information please visit: https://dnotesedu.com/

Media contact
Name:  Brandon Cheliak
Email:  [email protected]

50+ Bitcoins Total Jackpot at Bitcoin Casino US

Striking it rich online is more than possible at an establishment like BitcoinCasino.us. This bitcoin casino has many games that feature a progressive pot—meaning that they get bigger with each try. In fact, the casino-wide total is up to a massive 4923.313 mBTC. All you have to do to have a shot at this pot of gold is participate in any of the games at BitcoinCasino.us that feature a progressive jackpot! Introducing BitcoinCasino.us For those unfamiliar with BitcoinCasino.us, it’s an established online casino that operates solely in bitcoin—a cryptocurrency. That provides members a great deal of privacy. It also ensures

Striking it rich online is more than possible at an establishment like BitcoinCasino.us. This bitcoin casino has many games that feature a progressive pot—meaning that they get bigger with each try. In fact, the casino-wide total is up to a massive 4923.313 mBTC. All you have to do to have a shot at this pot of gold is participate in any of the games at BitcoinCasino.us that feature a progressive jackpot!

Introducing BitcoinCasino.us

For those unfamiliar with BitcoinCasino.us, it’s an established online casino that operates solely in bitcoin—a cryptocurrency. That provides members a great deal of privacy. It also ensures fast payouts. Even massive wins off progressive jackpots are payed out in under 15 minutes. That’s incredible. The industry standard is two to three days, and sizable wins can take weeks. This online casino also has an amazing selection of games, and that library is growing bigger every week. Many of those games have progressive pots, which means a shot at a big reward in addition to the standard local prizes.

A Massive Total Jackpot

As this piece is written, there are about 20 progressive jackpot games at BitcoinCasino.us. Jackpots range in size across a variety of games and providers, and amounts increase as players spin their favorite slot machines but don’t take home that special prize. Total jackpot isn’t a single prize but a representation of what’s available across the entire casino. It’s a truly massive amount regardless and compares favorably to many online casinos that promise progressive payouts but just can’t reach these heights.

Spread Across a Wide Selection

BitcoinCasino.us offers a great selection. Nowhere is that truer than in its slots library. It features everything from classic fruit machines to the latest in video slot technologies. Not surprisingly, the progressive machines are from developers like NetEnt and Betsoft. These developers not only offer great local prizes and massive progressive payouts, but they double down on groundbreaking production values. The graphics, animations, music, sound effects and more are from developers at the top of their game and not unlike the level of quality you’d expect to find in a brick-and-mortar casino.

Jackpot Games

Progressive jackpots at BitcoinCasino.us are always in flux. They get larger as people spin and don’t win the big prize. They get smaller when people hit pay dirt. You don’t have to do anything special to win a pot. Some games will require a max bet or all pay lines active, but otherwise, you just play the game as your normally would. As mentioned earlier, BitcoinCasino.us adds games on a weekly—sometimes daily—basis, and that extends to progressive games as well. Those new games contribute to a higher total pot, and they tend to see a lot of extra action while they are new and have everyone’s attention.

Taking Your Shot

Ready to take your shot at a life-changing prize? Membership at BitcoinCasino.us is open to all, including players from the United States. Minimum deposits are small, and you can even maximize your chances to win big with a welcome bonus, everyday reload bonuses, weekend specials, free spin opportunities and up to 10-percent cash back on net losses each week! Waging requirements are fair and reasonable and tend not to really matter when you’re shooting for the moon. Good luck!

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Purse.io lets you nab steep discounts on Amazon if you pay with Bitcoin – Digital Trends

Digital TrendsPurse.io lets you nab steep discounts on Amazon if you pay with BitcoinDigital TrendsAmazon can be a great place to find good deals on everything from books to smartphones, but a new cryptocurrency startup is hoping to provide even steepe…


Digital Trends

Purse.io lets you nab steep discounts on Amazon if you pay with Bitcoin
Digital Trends
Amazon can be a great place to find good deals on everything from books to smartphones, but a new cryptocurrency startup is hoping to provide even steeper savings. Purse.io allows users to purchase Amazon items at discounted prices — provided they pay ...

Demystifying the ‘blockchain’ technology behind Bitcoin, other cryptocurrencies – AZCentral.com


AZCentral.com

Demystifying the ‘blockchain’ technology behind Bitcoin, other cryptocurrencies
AZCentral.com
Answer: With the hype surrounding cryptocurrencies continuing to grow, more people are hearing about the underlying technology known as blockchain. At the core of blockchain technology is a publicly shared “immutable digital ledger” — meaning that it

and more »


AZCentral.com

Demystifying the 'blockchain' technology behind Bitcoin, other cryptocurrencies
AZCentral.com
Answer: With the hype surrounding cryptocurrencies continuing to grow, more people are hearing about the underlying technology known as blockchain. At the core of blockchain technology is a publicly shared "immutable digital ledger" — meaning that it ...

and more »

Over 3,000 Ethereum Smart Contracts Contain Major Security Flaws

Ethereum smart contracts are hot technology as of right now. While many companies see merit in this technology, there are security issues a swell. Researchers discovered several vulnerabilities which put millions of Dollars at risk. This is worrisome news, although there is a positive side to it as well. Security Flaws in Smart Contracts There … Continue reading Over 3,000 Ethereum Smart Contracts Contain Major Security Flaws

The post Over 3,000 Ethereum Smart Contracts Contain Major Security Flaws appeared first on NewsBTC.

Ethereum smart contracts are hot technology as of right now. While many companies see merit in this technology, there are security issues a swell. Researchers discovered several vulnerabilities which put millions of Dollars at risk. This is worrisome news, although there is a positive side to it as well.

Security Flaws in Smart Contracts

There are many different aspects to smart contracts. Templates can be used, but any additional code is always a security risk. Considering how there are so many Ethereum-based contracts out there, it is good to know if they are secure or not. According to new research, the future isn’t looking all that bright as of right now.

Through a new approach to sniff out vulnerabilities, researchers aim to improve the security standards. Unfortunately, they already discovered over 3,000 vulnerable contracts in existence right now. These contracts have a combined value of nearly $6m at current Ether prices. If someone were to take advantage of these flaws, things can get out of hand pretty quickly.

The main problem is how smart contracts are used to manage other people’s money. While it sounds convenient, there is always a trade-off to be made. The fact existing contracts cannot be amended is a big problem. Especially if a security flaw is discovered, there is nothing to be done about it. For some reason, this is a major design flaw which never was much of an issue, until now.

Analyzing the Code is Difficult

Even though smart contracts are designed to simplify operations, their code is pretty complex. Every contract is written by a human coder, yet their input is difficult to analyze. As such, it can take months, if not years, until major security flaws come to light. The researchers explained they use a different approach to find flaws:

“Assume we put a few coins in the machine, and just start randomly pushing buttons hoping that the inner workings of the vending machine—which we have no knowledge about, springs and whatnot—eventually releases the latch so you can take the candy.”

By creating a private fork of the Ethereum chain, the researchers can execute permutations of interactions. As such, they can monitor these creations for abnormal behavior. It is not the most convenient approach, but it seems to work just far. No specific information regarding the nature of these flaws has been disclosed as of right now. Rest assured criminals are already probing for weaknesses by the time the information goes public.

The post Over 3,000 Ethereum Smart Contracts Contain Major Security Flaws appeared first on NewsBTC.

Here’s How Much Bitcoin Elon Musk Owns – Yahoo News


Yahoo News

Here’s How Much Bitcoin Elon Musk Owns
Yahoo News
Tesla CEO Elon Musk isn’t exactly active in cryptocurrency. Musk revealed this week on Twitter how much Bitcoin he owns—and it’s not much. Musk shed light on his bitcoin ownership in response to a question from a Twitter follower asking why there were
Elon Musk Revealed How Much Bitcoin He Owns | MoneyMoney Magazine
Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns …Investopedia (blog)
Elon Musk just revealed how much bitcoin he owns – CNBC.comCNBC
BGR –OpenAI Blog –Analytics India Magazine –Analytics India Magazine
all 26 news articles »

Yahoo News

Here's How Much Bitcoin Elon Musk Owns
Yahoo News
Tesla CEO Elon Musk isn't exactly active in cryptocurrency. Musk revealed this week on Twitter how much Bitcoin he owns—and it's not much. Musk shed light on his bitcoin ownership in response to a question from a Twitter follower asking why there were ...
Elon Musk Revealed How Much Bitcoin He Owns | MoneyMoney Magazine
Tesla Billionaire Elon Musk Reveals How Much Bitcoin He Owns ...Investopedia (blog)
Elon Musk just revealed how much bitcoin he owns - CNBC.comCNBC
BGR -OpenAI Blog -Analytics India Magazine -Analytics India Magazine
all 26 news articles »