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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 25 – Cointelegraph

CointelegraphBitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 25CointelegraphA survey by Thomson Reuters shows that one in five financial institutions is planning to start cryptocurrency trading withi…


Cointelegraph

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 25
Cointelegraph
A survey by Thomson Reuters shows that one in five financial institutions is planning to start cryptocurrency trading within the next 12 months. The survey included large banks, hedge funds and asset managers. This will probably mean a huge flood of ...

and more »

‘One in five’ financial firms looking to trade crypto

A Reuters report just published reveals that one in five financial institutions is considering trading cryptocurrencies in the next 12 months and 70 percent of those are looking to trade in the next three to six months. 

A Reuters report just published reveals that one in five financial institutions is considering trading cryptocurrencies in the next 12 months and 70 percent of those are looking to trade in the next three to six months. 

Cryptocurrency: Bitcoin blazed trail for expanding technology – Iowa State Daily

Iowa State DailyCryptocurrency: Bitcoin blazed trail for expanding technologyIowa State DailyThe cryptocurrency craze has blown up recently. You might know someone that has owned or mined a bitcoin, but there are hundreds of other cryptocurrencies. A c…


Iowa State Daily

Cryptocurrency: Bitcoin blazed trail for expanding technology
Iowa State Daily
The cryptocurrency craze has blown up recently. You might know someone that has owned or mined a bitcoin, but there are hundreds of other cryptocurrencies. A cryptocurrency is defined as “a digital currency in which encryption techniques are used to ...

and more »

Blockchain: The power behind bitcoin – Iowa State Daily

Iowa State DailyBlockchain: The power behind bitcoinIowa State DailyBitcoin and cryptocurrency are words that have become buzzwords over the past few years. But what makes these currencies worth anything? In December 2017, bitcoin hit an all time high …


Iowa State Daily

Blockchain: The power behind bitcoin
Iowa State Daily
Bitcoin and cryptocurrency are words that have become buzzwords over the past few years. But what makes these currencies worth anything? In December 2017, bitcoin hit an all time high of $19,783. This was shortly followed by a drop in price of almost ...

and more »

NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 26, 2018

Other than EOS and Tron which are still oscillating in the green territory, most coins are correcting and for good reasons. Leading the correction pack is IOTA which is down 14 percent and NEO which follows closely at 12 percent. It’s my expectation that sellers shall confirm the double bar bear reversal patterns that is

The post NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 26, 2018 appeared first on NewsBTC.

Other than EOS and Tron which are still oscillating in the green territory, most coins are correcting and for good reasons. Leading the correction pack is IOTA which is down 14 percent and NEO which follows closely at 12 percent. It’s my expectation that sellers shall confirm the double bar bear reversal patterns that is clear in the daily chart as they move lower and probably rest and reverse at our support lines. Because of this, I’m net bearish but with a bullish skew.

Let’s have a look at these charts:

XLM/USD (Stellar Lumens)

When it pops it does pop and Stellar is no exception. After periods of consolidation and liquidation in the 4HR chart, sellers found their way. In the daily chart we now have this nice double bar bear reversal pattern complete with a stochastics sell signal forming in the midst of an uptrend. In my view, this short term correction is a blessing in disguise for those who want to add their longs and for those who missed the original rally up.

As before, the entry chart is the 4HR chart and here, price action is in sync with the daily chart. I expect buyers to find support anywhere between 25 cents and 30 cents. If a stochastic buy signal prints at this zone, buyers should initiate longs and aim for 50 cents and 70 cents as per our previous Stellar Lumens price forecast.

IOT/USD (IOTA)

In the last 24 hours, IOTA prices have been on the receiving end of bears. It’s down 14 percent for the day and has fallen gracefully from its peak at $2 where it had perched. Like most coins, this is just but a normal correction and buyers can now ramp up at a discount.

In my view, sellers can continue loading up shorts in lower time frames now that there is a stochastic sell signal in our entry chart and most importantly in the daily chart where a double bar bear reversal pattern is visible. Going forward, potential support lies anywhere between $1.5 and $1.7. At this zone, hints of buy pressure or a stochastic buy signal should provide possible of higher highs and possible IOTA propulsion towards $3.

EOS/USD (EOS)

Whether EOS will smash January 2018 highs today or in June doesn’t matter. What we do know is that price appreciation in the run up of EOSIO launch which is less than 40 days away is inevitable. After all, EOS has been doing a pretty good job when it comes to marketing their product, so demand is something that shouldn’t be a problem. After a 110 percent surge in the last 30 days and a 50 percent spike on April 24, yesterday’s price action is what we were anticipating. Our EOS trade plan is simple.

From our technical set up, any depreciation towards $12 is positive since buyers can own EOS at a discount. Then again, we have a stochastic sell signal in the 4HR chart complete with an over-extension following that 50 percent flash gain on April 24.

I remain neutral but I’m leaning towards bulls. Ideally if prices drop towards the upper end of our support at $11.5 or anywhere in between that level and $9.5 on the lower end then I shall be watching out for reversal signs. If not and prices surge past $17, then we can project EOS at $25 in the coming weeks. After all, buying and syncing with the weekly trend is a sure way of registering a profit.

LTC/USD (Litecoin)

Besides the 10 percent drop in Litecoin prices in the last 24 hours, it’s now official that Wirex is adding Litecoin to their wallet. Going forward, all verified users can trade or transact using Litecoin as a settlement. This is actually good news if we are banking Litecoin retail demand to drive prices up.

Technically, sellers are in the driving seat and capitalizing that bearish divergence pattern that has been panning out for the better part of last week. I will reiterate and say that there is a Litecoin undervaluation with the coin trading within a break out pattern.

In my view, we expect first support at $140 and if sellers slice through this level effortlessly then we expect support anywhere between $125 and $140. This $15 zone is our ideal level of buying whenever a stochastic buy signal prints in the 4HR chart.

NEO/USD (NEO)

Of all the coins in the top 10, NEO is resilient and it has been even during the necrotic bear market in Q1 2018. Now, NEO, through its investment arm the NEO Global Capital shall inject $1 Million into Moonlight. Moonlight is a project that will launch on NEO and plans to change how recruitment of human resource is done.

From the chart, NEO is correcting just like its peers. It’s up four percent for the week and down 12 percent in the last 24 hours. Ideally, buyers might find support at $60 or there about before rebounding and probably rallying towards $90. As it is, we have a stochastic sell signal in place and until when there is a shift of momentum, buyers should stay neutral.

The post NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 26, 2018 appeared first on NewsBTC.

Former CFTC Chair: Ethereum and Ripple Are Non-Compliant Securities

TheMerkle Austria Finance Minister Bitcoin RegulationEthereum’s Ether and Ripple’s XRP should be categorized as non-compliant securities, according to the former head of the Commodity Futures Trading Commission (CFTC), Gary Gensler. Bitcoin is exempt from this categorization, Gensler added in an interview with The New York Times. ETH And XRP Trading Illegally The man who was in charge of the CFTC from 2009 to 2014 weighed in on one of the most controversial topics in the crypto industry in recent times, a possible foreshadow of the looming SEC decision on how to categorize cryptocurrencies. Ethereum and Ripple are the two most valuable altcoins in today’s market, with

TheMerkle Austria Finance Minister Bitcoin Regulation

Ethereum’s Ether and Ripple’s XRP should be categorized as non-compliant securities, according to the former head of the Commodity Futures Trading Commission (CFTC), Gary Gensler. Bitcoin is exempt from this categorization, Gensler added in an interview with The New York Times.

ETH And XRP Trading Illegally

The man who was in charge of the CFTC from 2009 to 2014 weighed in on one of the most controversial topics in the crypto industry in recent times, a possible foreshadow of the looming SEC decision on how to categorize cryptocurrencies. Ethereum and Ripple are the two most valuable altcoins in today’s market, with a combined value of $97 billion at the time of writing.

The categorization of Ether and XRP as securities would have great consequences on not just the two cryptos, but given their significance, on the crypto community as a whole. To begin with, this would render it illegal for Americans to trade these cryptos on the many crypto exchanges that currently offer them. This would drive the demand down by a great margin, and the price of these cryptos would naturally take a huge hit. With the crypto markets being very speculative, such news might also have the secondary effect of causing panic among most investors, which would drive them to dump their cryptos in panic, further worsening the situation.

While Gensler’s opinion should not be taken lightly, it is in no way a definitive foreshadow of the SEC’s decision on the categorization of cryptos. The SEC and the CFTC have been working on coming up with a comprehensive regulatory framework for the crypto industry, including whether or not to categorize cryptos as securities.

Gensler also explained that Bitcoin might not be destined for the same fate. Bitcoin was not issued through an ICO and has a decentralized network of developers. He, however, singled out ETH and XRP as possibly being categorized as securities, especially the latter. With Ripple holding most of the nodes in its network, its decentralization has been called into question by many, and this may be one of the reasons Gensler singled it out.

Definitely Not A Security

Both Ripple’s and Ethereum’s communities have appealed to the SEC to not categorize them as securities. Less than a week ago, reports emerged that a group of lawyers and other experts from Andreessen Horowitz and Union Square Ventures had jointly pleaded with the SEC not to categorize Ethereum as a security. The group, which goes by the name Venture Capital Working Group, argued that Ethereum has become so decentralized that it shouldn’t be considered a security.

Ripple’s chief market strategist and former Bloomberg tech reporter Cory Johnson expressed his belief that XRP isn’t a security in an interview with CNBC.

We absolutely are not a security. We don’t meet the standards for what a security is based on the history of court law.

The Times report also indicated that Gensler is currently working at MIT, where he will teach about the potential of blockchain technology. He is particularly keen to indulge in discussions on the interaction of cryptos with regulation, viewing 2018 as the year when most crypto projects will need to figure out how to come into compliance with US securities laws.

 

 

Lending a Helping Hand: The Untold Story of the Blockchain Community

TheMerkle_Bitcoin Charity DonationsBinance will partner with local organizations to create thousands of jobs for Ugandan youth. Announcing the initiative through his Twitter page, Binance’s founder and CEO, Changpeng Zhao, said Binance hoped to help youth in Uganda take advantage of emerging opportunities in the blockchain industry, which he referred to as the fourth industrial revolution. Binance will partner with, among others, the Made In Africa Initiative and Msingi, organizations that promote industrialization in Africa. The Industry’s Growing Charitable Nature This is just the latest act of charity from a cryptocurrency-related firm. Binance is the world’s largest crypto exchange, with a daily transaction volume

TheMerkle_Bitcoin Charity Donations

Binance will partner with local organizations to create thousands of jobs for Ugandan youth. Announcing the initiative through his Twitter page, Binance’s founder and CEO, Changpeng Zhao, said Binance hoped to help youth in Uganda take advantage of emerging opportunities in the blockchain industry, which he referred to as the fourth industrial revolution. Binance will partner with, among others, the Made In Africa Initiative and Msingi, organizations that promote industrialization in Africa.

The Industry’s Growing Charitable Nature

This is just the latest act of charity from a cryptocurrency-related firm. Binance is the world’s largest crypto exchange, with a daily transaction volume of more than $2 billion. Zhao, who toured the East African country, also held meetings with stakeholders in the country to discuss opportunities in the blockchain industry.

A month ago, San Francisco-based Ripple made headlines when it donated $29 million worth of XRP to support schools all over the United States. Ripple made the donation through DonorsChoose.org, a non-profit organization that gives individuals and corporates the opportunity to support school projects posted on its portal. Through the donation, Ripple was able to meet the needs of over one million students across over 16,500 schools, with the donation being the biggest ever made through the DonorsChoose portal.

Ethereum’s founder, Vitalik Buterin, has not been left behind. He and OmiseGo donated $1 million to the East Africa-based charity Give Directly. The money was meant to support the tens of thousands of refugee families in East Africa that lack basic needs. The funds were delivered through blockchain channels, which made the process even faster, more transparent, and more cost-efficient. Africa has the highest remittance costs in the world, and this marked an important milestone for not just Give Directly but for charitable organizations across the continent.

At The Heart Of Blockchain

These are just a few of the instances that prove that at the heart of the blockchain community lies, well, a heart. The industry’s growing charitable nature hasn’t been left only to the major companies and corporates. Fidelity Charitable, the charity arm of the global investment giant, announced in February of this year that it had received $69 million worth of donations in cryptocurrencies in the year 2017. The donations had been made mainly through Bitcoin and Ether, and represented a 1,000% increase since the organization began accepting crypto in 2015.

The charitable nature of the blockchain and crypto community didn’t just start in the last year. It dates back to as early as 2013 when the world’s first nonprofit Bitcoin organization was formed. BitGive was founded with the sole purpose of raising money for charitable causes, especially in healthcare and environmental conservation, with the prominent crypto figure Roger Ver among its founding donors. A year later, Coinbase, one of the largest crypto exchanges in the US, announced that it would eliminate all charges and fees for any registered non-profit organization that used its merchant services henceforth.

Other companies that are dedicated to charitable deeds have sprouted since then, and the blockchain community continues to lend a hand to the less fortunate. One of them is the Pineapple Fund, an organization that was founded by a mystery person who goes by the name of Pine. Pine stated that the goal of the organization was to donate $86 million worth of Bitcoin to charitable causes, and according to the organization’s website, it has already donated $20 million so far. Interestingly, Pine describes himself as one of the 250 largest Bitcoin holders in the world.

However one does it, lending a hand to those in need is always a noble thing to do. The blockchain community has shown its readiness to use some of the proceeds from its ventures to help others. One can only hope that others will follow suit.

German VPE Bank Expands Services To Cryptocurrency Trading

VPE will purportedly be the first bank in Germany to offer cryptocurrency trading services, albeit only to institutional and professional clients. #NEWS

VPE will purportedly be the first bank in Germany to offer cryptocurrency trading services, albeit only to institutional and professional clients. #NEWS

Febraban, 126 Member Banking Coalition In Brazil Test Blockchain Technology

Febraban, the Brazilian Federation of Banks with 126 associated members, has published tests of their research into blockchain technology. The practices have been carried out since 201, on several platforms including Corda, an initiative developed by global banking consortium R3. Proof of concept has been focused on most heavily throughout the research. Proof of Concept Febraban report …

The post Febraban, 126 Member Banking Coalition In Brazil Test Blockchain Technology appeared first on BitcoinNews.com.

Febraban, the Brazilian Federation of Banks with 126 associated members, has published tests of their research into blockchain technology.

The practices have been carried out since 201, on several platforms including Corda, an initiative developed by global banking consortium R3. Proof of concept has been focused on most heavily throughout the research.

Proof of Concept

Febraban report that they were involved with the very first proof of concept known as Fingerprint, noting that Brazilian banks Itaú, Bradesco and B3 conducted the effort. The tests were developed in R3’s cloud lab, using fictitious personal records and Brazilian official documents of identification with the document storage.

Fingerprint allows multiple banks or clients to guarantee the immutability of shared data while preserving privacy and the traceability of information.

Bradesco bank also reportedly evaluates platforms through the program InovaBRA. One of the proof of concepts explored by the program relates to guarantees in financial operations, with the ability to secure communication connects through the blockchain.

Further ventures

Digital portfolio start-up e-Wally has also collaborated with Febraban, testing blockchain applications in Paraisópolis, one of the smallest regions of low-income in São Paulo.

The blockchain solution that was tested enables non-cost banking operations such as deposits and transfers while allowing any user to take ATM paper, earning per transaction fee. All bank transactions are blockchain encrypted, allowing distributed platform handling and auditing.

The Central Bank of Brazil was revealed by Febraban to be utilizing the Ethereum platform to support the Reserve Transfer System (STR), one of the primary components of the Brazilian Payment System (SPB). In the event of failures of the existing platforms, the Ethereum network will act as a support option.

Febraban has explored blockchain’s potential via their Blockchain Working Group, consisting of some of the biggest financial service providers in Brazil, including Banco do Brasil, Bancoob, Banrisul, Bradesco, BTG Pactual, Caixa, Citibank, Itaú Unibanco, JP Morgan, Safra, Santander as well as the Brazilian Central Bank, CIP.

The first blockchain event focused on the future use of technology was organized by the banking federation, where artificial intelligence was announced as the core future focus for the banking federation.

Notably, a survey conducted by Febraban in 2017 found that 65% of industry executives in Brazil said that their businesses are currently studying blockchain implementation, with 29% already evaluating analytics and cognitive computing.

The growing adoption of blockchain is crucial to helping cryptocurrencies become more widely adopted.

 

The post Febraban, 126 Member Banking Coalition In Brazil Test Blockchain Technology appeared first on BitcoinNews.com.