Mastodon

Bitcoin Cash Price Analysis: BCH/USD Upsides Remain Capped

Key Points Bitcoin cash price declined toward the $900 support recently against the US Dollar. There is a key bearish trend line forming with resistance at $990 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting higher, but it is likely to find sellers near $990-$1,000. Bitcoin

The post Bitcoin Cash Price Analysis: BCH/USD Upsides Remain Capped appeared first on NewsBTC.

Key Points

  • Bitcoin cash price declined toward the $900 support recently against the US Dollar.
  • There is a key bearish trend line forming with resistance at $990 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is currently correcting higher, but it is likely to find sellers near $990-$1,000.

Bitcoin cash price declined heavily below $1,000 against the US Dollar. BCH/USD might correct a few points toward the previous support levels in the near term.

Bitcoin Cash Price Trend

There was a sharp downside move from the $1,200 resistance in bitcoin cash price against the US Dollar. The price declined and broke many supports such as $1,100 and $1,050. More importantly, there was a break and close below the $1,000 level. It traded close to the $900 support level where buyers emerged. A low was formed near $895 and the price started an upside correction.

It is currently trading above the 23.6% fib retracement level of the last decline from the $1,035 swing high to the $895 low. However, there are many hurdles on the upside waiting near the $950 and $990 levels. There is also a key bearish trend line forming with resistance at $990 on the hourly chart of the BCH/USD pair. Moreover, the 50% fib retracement level of the last decline from the $1,035 swing high to the $895 low is near $965 to prevent upsides. Therefore, if the price corrects higher, it is likely to find sellers on the upside near $950 and $990.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the pair is in a downtrend and the current recovery may face sellers below $1,000. On the downside, supports are seen near the $920 ad $900 levels, followed by $850.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is slowly recovering toward the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is about to move above the 50 level.

Major Support Level – $900

Major Resistance Level – $990

The post Bitcoin Cash Price Analysis: BCH/USD Upsides Remain Capped appeared first on NewsBTC.

Ethereum Classic Spikes 25% on Coinbase Listing News

The price of ethereum classic has surged for 25% in half an hour on Tuesday, following the news that it is being added to Coinbase for trading.

The price of ethereum classic has surged for 25% in half an hour on Tuesday, following the news that it is being added to Coinbase for trading.

Proof that bitcoin still can’t be trusted – New York Post


New York Post

Proof that bitcoin still can’t be trusted
New York Post
There are already investigations going on, as I reported, about bitcoin being used for criminal purposes. Why is the probe about manipulating prices so important? Because bitcoin is a confidence game. Like anything else we value, bitcoin is only worth …


New York Post

Proof that bitcoin still can't be trusted
New York Post
There are already investigations going on, as I reported, about bitcoin being used for criminal purposes. Why is the probe about manipulating prices so important? Because bitcoin is a confidence game. Like anything else we value, bitcoin is only worth ...

Argo Blockchain to Be First Crypto Company Listed on the London Stock Exchange

The London Stock Exchange, one of the oldest stock exchanges in the world, has approved the listing of subscription-based mining firm Argo Blockchain, which will be the first crypto-related company listed. Argo Blockchain’s Listing Argo Blockchain said in a statement on Monday that it hopes to raise £20 million ($26.8 million) through an initial product

The post Argo Blockchain to Be First Crypto Company Listed on the London Stock Exchange appeared first on NewsBTC.

The London Stock Exchange, one of the oldest stock exchanges in the world, has approved the listing of subscription-based mining firm Argo Blockchain, which will be the first crypto-related company listed.

Argo Blockchain’s Listing

Argo Blockchain said in a statement on Monday that it hopes to raise £20 million ($26.8 million) through an initial product offering (IPO) following the listing, and expects to be valued at around £40 million ($53.5 million). Earlier this year, it received an investment of £1.9 million ($2.5 million) from private investors.

The firm received approval to go public from the U.K. Listing Authority two weeks ago. Speaking with Business Insider, co-founder and executive chair Jonathan Bixby described the move as follows:

“The firm chose London’s exchange considering the city’s role as a global hub for financial technology. A London stock market listing will provide Argo with the profile, credibility, and access to global capital to drive our growth and help us establish a leadership position in the long term.”

Argo Blockchain plans to charge around $25 a month for the raw computing power that will permit subscribers to mine four cryptocurrencies remotely on Argo’s mining rigs: Bitcoin Gold, Ethereum, Ethereum Classic, and Zcash.

The move is representative of a step forward for the cryptocurrency sector, which in the past has been seen by some to be a separate ecosystem from the financial sector, but is steadily gaining confidence and acceptance from the mainstream. 

About Argo Blockchain

Argo Blockchain, founded last year, is a cloud-based cryptocurrency mining firm that operates on a subscription-based model. The company was established in order to help individuals mine cryptocurrencies, as the difficulty level (and in turn the necessary computer power) has increased due to the more-recent involvement of application-specific integrated circuits (ASICs) and cryptocurrency mining collectives.

Bixby himself said that the startup is aimed to make cryptocurrency mining available as a mass-market service instead of only to a select few who have the ability to afford high-performance servers and electricity:

“More than 90 per cent of crypto-mining is done by elites on industrial scale because it is technically very difficult to do. It is incredibly expensive to buy, up front, the hardware you need at $5,000 a machine. We want to be the Amazon Web Services of crypto.”

The company’s operation is based in Quebec, Canada, which is becoming an increasing popular destination for mining operations due to the cheap hydroelectric power available in the province, as well as a climate that permit miners to save money on cooling costs.

Moving forward, Argo Blockchain’s main target markets are Europe, North America, and Australia. To do this, the firm has plans to expand its mining operations to Iceland and China, and plans to only use electricity from suppliers of renewable energy or from grids in places where power primarily comes from hydro or solar sources.

“We will not mine on dirty power,” Bixby said.

According to Argo Blockchain’s co-founder, the firm intends to emulate the rapid growth of Genesis Mining, the Icelandic company that launched a similar remote mining service three years ago and now has two million users. The Reykjavik-based firm charges between $179 to $3,975 for a three-year contract and currently has a six to eight month waiting list. 

In attempts to stay ahead of rivals like Genesis Mining — and others like Hydrominer, a company that is rumored to be also planning a U.K. stock exchange listing — Argo has been rushing to launch its IPO.

Featured image from Shutterstock.

The post Argo Blockchain to Be First Crypto Company Listed on the London Stock Exchange appeared first on NewsBTC.

EOS Is Launched But Not Yet Live – Why?

EOS still needs millions on tokens staked before its mainnet can officially go live, unlocking its tokens for holders to trade and use.

EOS still needs millions on tokens staked before its mainnet can officially go live, unlocking its tokens for holders to trade and use.

Litecoin Price Analysis – Technical indicators suggest an active bear trend

Most of the cryptocurrency market has moved collectively over recent days. The Pearson Coefficient of LTC and BTC has been 0.8230 since mid-December, suggesting the two coins are highly correlated statistically.

Most of the cryptocurrency market has moved collectively over recent days. The Pearson Coefficient of LTC and BTC has been 0.8230 since mid-December, suggesting the two coins are highly correlated statistically.

HyperQuant announces partnership with KuCoin exchange

11 June 2018. Tallinn. HyperQuant, a fintech software platform based on the revolutionary Fast Order Delivery protocol and KuCoin, one of the largest international cryptocurrency exchanges, signed the partnership agreement. Partnership agreement covers numerous spheres of collaboration. HyperQuant team experts were chosen to support KuCoin with the development of the new exchange’s infrastructure and API […]

11 June 2018. Tallinn. HyperQuant, a fintech software platform based on the revolutionary Fast Order Delivery protocol and KuCoin, one of the largest international cryptocurrency exchanges, signed the partnership agreement.

Partnership agreement covers numerous spheres of collaboration. HyperQuant team experts were chosen to support KuCoin with the development of the new exchange’s infrastructure and API protocol. The implementing of HyperQuant`s proprietary technologies and solutions by exchange’s engineers is going to make KuCoin a leading trading platform with the most advanced and reliable technical infrastructure on the market. In addition, HyperQuant platform will start to gather and analyze trading data in order to use it within the HyperQuant app and for trading strategies and machine learning algorithms backtests.

We are excited to share our vast stock exchange experience with our partners from KuCoin for our mutual benefit and long-term cooperation. Our collaboration will advance the development of algorithmic trading platform on the crypto exchanges for the further convenience of our customers”, – noted Pavel Pavchenko, CEO of HyperQuant project.

About HyperQuant Platform

HyperQuant is a fintech software platform dedicated for automated crypto asset management, market making and dApps creation that is based on the cutting-edge AI, risk management, blockchain technologies and fast order delivery protocol. Platform is developing by professional quant traders who know capital management industry inside-out and offers three main points:

  • Hyper Fast. The Fast Order Delivery protocol for the platform works hundreds of times faster than similar solutions. With the addition of server colocations based on vast number of crypto exchanges the speed is boosted even more.
  • Hyper Smart. All the components of the platform are managed by an AI which constantly evolves through machine learning on accumulated Big Market Data. HyperQuant also unites the exchanges into the Electronic Communication Network (ECN), with the AI based automatic interexchange trade deals distribution.
    Hyper Secure. The automated risk management system minimizes the risks. Trade hashes are written into the blockchain for the transparency and security.

About KuCoin

KuCoin is one of the major international multi-cryptocurrency exchanges. Its defining features are an exceptionally wide range of cryptocurrencies plus a rewarding user-loyalty scheme based on its own native KCS tokens. KuCoin aims to provide users digital asset transactions and exchange services which are very safe and convenient.

KuCoin offers trading pairs such as BTC/BCH, BTC/DASH, BTC/NEO, BTC/ETH, BTC/RDN, BTC/LTC, BTC/CVC, BTC/KCS, BTC/RPX, etc. It also provides users with a mobile app available for iOS and Android.

Contacts:

[email protected]

https://t.me/hyperquant

https://www.facebook.com/hyperquant.net/

https://bitcointalk.org/index.php?topic=2104362.0

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

Thailand Securities Regulator Lays Out Guidelines For Crypto Industry

The Thailand Securities and Exchanges Commission announced new regulations for the cryptocurrency industry that are expected to take effect later this month. The new regulations stipulate a defined number of market intermediaries who will receive trading licenses, with crypto exchanges and brokerage firms getting an equal number of spots. The commission also cleared 7 cryptocurrencies […]

The Thailand Securities and Exchanges Commission announced new regulations for the cryptocurrency industry that are expected to take effect later this month. The new regulations stipulate a defined number of market intermediaries who will receive trading licenses, with crypto exchanges and brokerage firms getting an equal number of spots.

The commission also cleared 7 cryptocurrencies which will be allowed to be traded as trading pairs by market participants. The move is expected to bring order and supervision to an industry whose volatility and lack of regulations have been some of its most renowned qualities.

Comprehensive Regulations Address Key Issues

The guidelines released by the commission are quite thorough, with the Bangkok Post reporting that the market participants will have until August 14 to apply for licenses under the new framework. To begin with, the commission expects 10 intermediaries to apply for licenses, with half the spots being reserved for crypto exchanges while the other half is given to brokerage firms and dealers.

The commission also listed seven cryptocurrencies that it will allow for trading. They are Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Ripple, Stellar and Litecoin. These currencies will be used as trading pairs for ICOs. The publication reports that the commission considered the cryptocurrency liquidity and the consensus credibility to list the coins.

The commission will oversee all crypto market participants, including brokerage firms, dealers, crypto exchanges and ICO issuers. These participants will be required to register with the regulator within 90 days of the effective date. In order to receive the approval, one must share important information pertaining to the digital asset on offer with the targeted investors. The issuer must also seek the approval of the Ministry of Finance before beginning operations.

The regulator also imposed tough punitive measures for anyone who goes against the new laws. Any ICO issuer who is found guilty of selling unauthorized digital assets will face a fine of at most twice the value of the transactions or a minimum of 500,000 baht ($15,650). The culprit also stands the possibility of a maximum of two years imprisonment.

ICOs issuers can either seek investment from institutional or retail investors, with the guidelines for each target group differing significantly. With institutional investors, the ICO issuer can raise an unlimited amount of investment. However, the maximum amount one can raise from retail investors is capped at 300,000 baht ($9,390) per person.

The guidelines also delved into the licensing fees, with crypto exchanges being required to pay 5 million baht ($156,500). Brokerage firms are required to pay 2.5 million baht while dealers have to pay 2 million baht. The participants also have to pay an annual fee to the Finance Ministry. Crypto exchanges are charged 0.002% of the trading volume with a minimum fee of 500,000 baht ($15,650) while brokerage firms part with 0.001% of their trading volume with the minimum standing at 250,000 baht ($7800). Centralized exchanges must have 50 million baht ($1,560,000) as their registered capital with decentralized exchanges being required to put up 10 million baht ($313,000).

This is a landmark move for the crypto industry in Thailand, a country that has embraced the blockchain fully especially in the financial services industry. The Bank of Thailand, the country’s financial industry regulator has encouraged the exploration of the blockchain by financial institutions to increase efficiency, reduce costs and enhance transparency. The BoT governor recently revealed that the regulator is looking at supporting CBDCs for back office settlements before rolling them out for mainstream use.

UK Regulator Warns Institutions of Greater Levels of Risk Posed by Cryptos

The U.K.’s Financial Conduct Authority (FCA) has penned a letter addressed to CEOs of companies that are exposed to cryptocurrency in some way. In the correspondence, the regulator noted that cryptocurrencies were more likely to have been used to facilitate financial crimes. FCA Considers Cryptocurrencies as More Likely to be Connected to Financial Crimes The

The post UK Regulator Warns Institutions of Greater Levels of Risk Posed by Cryptos appeared first on NewsBTC.

The U.K.’s Financial Conduct Authority (FCA) has penned a letter addressed to CEOs of companies that are exposed to cryptocurrency in some way. In the correspondence, the regulator noted that cryptocurrencies were more likely to have been used to facilitate financial crimes.

FCA Considers Cryptocurrencies as More Likely to be Connected to Financial Crimes

The letter that was dated today acknowledged that many cryptocurrency users did so with respect for existing legislation. However, thanks to the ease with which funds could cross borders and the anonymity afforded by certain digital assets, there was a greater risk of them having being used illegally.

To combat this, the ‘Dear CEO’ letter advised an increase in staff training and additional compliance processes be implemented. Furthermore, companies exposed to the cryptocurrency space should monitor the activities of those clients that were considered as higher risk.

The letter read:

“You should take reasonable and proportionate measures to lessen the risk of your firm facilitating financial crimes which are enabled by cryptoassets.”

In addition, the FCA letter stated that it was important to use ‘the same criteria that would be applied to other sources of wealth’ when assessing clients that appeared to be making money in some way from cryptocurrency.

Later, the letter addressed what it called ‘state-sponsored cryptoassets.’ The FCA advice for institutions was to consider those clients using such digital currencies as the Venezuelan Petro as ‘high-risk.’ This is because, in their view, they were ‘designed to evade international sanctions.’ There is likely some truth to this since there is evidence of Russia using the South American nation to experiment with using digital currencies to get around economic restrictions placed on them by the West.

Another point raised by the letter was that the transactions made using blockchain-based digital currencies supposedly left less of a paper trail than those that had gone through traditional financial institutions. The document reads:

“One way cryptoassets differ from other sources of wealth is that the evidence trail behind transactions may be weaker. This does not justify applying a different evidential test on the source of wealth and we expect firms to exercise particular care in these cases.”

Recently the FCA seem to have been taking cryptocurrencies more seriously. Last month, we reported on the regulators investigating several digital currency-related firms that were thought to be operating without licenses from the financial regulators. These companies that were not named at the time could face various sanctions that include cease and desist orders, the freezing of their assets, or even jail time for their organisers.

Featured image from Shutterstock.

The post UK Regulator Warns Institutions of Greater Levels of Risk Posed by Cryptos appeared first on NewsBTC.

Confluence of bad news events coincides with market rout

After the bloodbath we can only speculate as to what caused the flight of capital out of cryptos but we will take a look at the confluence of bearish news events that could have had an impact.

After the bloodbath we can only speculate as to what caused the flight of capital out of cryptos but we will take a look at the confluence of bearish news events that could have had an impact.

1xBit.Com Takes Bitcoin SegWit Adoption into the Gambling Industry

Would you like to double your cryptocurrency assets without having to wait for their market price to increase? The old-fashioned traditional gambling and investments are coming to their end as a result of the blockchain technology rise. The innovative platform of 1xBit is here and will change the game. 1xBit.com, Bitcoin and Altcoin Sportsbook and […]

Would you like to double your cryptocurrency assets without having to wait for their market price to increase?

The old-fashioned traditional gambling and investments are coming to their end as a result of the blockchain technology rise. The innovative platform of 1xBit is here and will change the game.

1xBit.com, Bitcoin and Altcoin Sportsbook and Casino, Are One of the First in the Field To Launch SegWit Support

1xBit.com is a platform incorporating sports betting and an integrated e-based casino, offering more than 1,000 sports to their customers to place bets on. The range of sports activities is enormous, covering anything from cockfights to FIFA World CUP 2018 in Russia.

You can spin the roulette wheel, play blackjack, rotate the slots, have a wager on Forex markets, play poker, bet on golf, cricket, basketball, football, volleyball or even get a bit naughty with some adults gambling.

Regardless of what you choose to go with, 1xBit will provide the most competitive odds available on the market.

1xBit.com has been allowing its customers to engage in cryptocurrency gambling since 2016. The registration process is easy, simple and takes no more than 10 seconds. Every new 1xBit customer receives 100% bonus for making their first deposit on the platform. The maximum bonus available to customers is 1 BTC and requires at least 5mBTC of an initial deposit. If you are not in possession of any BitCoins, you can still use their platform as it supports 17 other cryptocurrencies, including ETH. If you are a technology-savvy and always on the go, the mobile version of their website will provide all functionalities that their web version does. A mobile application is also available to Android and IOS users.

1xBit offers 3,000 games to make you rich, but the good news doesn’t end here. After your first entry, you will receive full access to all features, including instant deposits and withdrawals (without paying any fees), live bets, and the special 1xGames.

As a registered user, you can receive bonuses and rewards on a daily basis! First off, you have daily games that allow you to win prizes each day, then there are:

 

  • 100% First Deposit Bonus
  • Unlimited Cash Back Bonus – Bonus points for each bet, regardless if it is winning or losing.
  • Bet Insurance – Buy insurance, then bet and get your wager back.
  • Accumulator of the Day – A feature that automatically increases odds by 10%.

 

  • Advance Bet – Receive potential returns from your unsettled bets.

In anticipation of the World Cup 2018, 1xBit prepared some special offers for football fans. Lots of fantastic surprises and bonuses await the customers during this period.

  • BitCup Lottery – Bet on the 2018 FIFA World Cup and get a chance to win 100 mBTC every day.
  • 1xBit Rating – Join the race for unique achievements and complete entertaining tasks during the 2018 World Cup and receive valuable prizes.
  • 1xBit World Cup Tournament – Play the thematic soccer slots and win a fraction of 10 BTC!

The company delivers a superior crypto-gambling user experience. The multi-currency and multi-language support make it easier for visitors across the globe to take advantage of 1xBit services. When topped-up with the numerous ongoing promotions and 24/7 support, 1xBit delivery of customer-focused quality & innovation makes a bold statement to be a second to none.  Forget the old-fashioned way of gambling and register now!

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

Can we survive in a post-quantum world?

How functional our modern life would be without modern technology? Communications, transportation, industrial production, power supply, etc. all of this run on and by modern technology. Modern technology has penetrated and improved practically all aspects of our life. We eat, move, live due to various technologies, be it food supplies or medical services. We rely […]

How functional our modern life would be without modern technology? Communications, transportation, industrial production, power supply, etc. all of this run on and by modern technology. Modern technology has penetrated and improved practically all aspects of our life. We eat, move, live due to various technologies, be it food supplies or medical services. We rely on technologies so much it is doubtful we would be able to survive as a civilized society without them. Apocalyptic visions by futurists of destroyed cities could be not so fantastic if one day we would be deprived of power supply. Quantum computing is the next big thing that can greatly improve or destroy our life as we know it. With a constant funding and improvement, the quantum computing in a foreseeable future will have an immense power to break into existing technologies with a catastrophic effect. Should we be concerned and start thinking about it today?

Near-future catastrophe

In the world of today, a data security of big corporations and individual users is affected by cybercriminals looking for vulnerabilities in security systems — they make hundreds and thousands of failed attempts, before making a single successful attack to wreak ruinous havoc. We call this hacking.

However, quantum computers can instantly break any contemporary encryption, promptly accessing any system. Quantum computers intrusion into industrial networks controlling manufacturing, mining, energy and utility systems can have very severe consequences. We should call this a cyber-warfare.

There is one example from 2010 when a malicious computer worm Stuxnet targeted Iranian uranium-enrichment facilities. The malware infected a SCADA system turning valves on and off, and meddling with the centrifuges, wasting uranium and damaging equipment. It succeeded in slowing Iran’s uranium enrichment, and by extension its purported nuclear-weapons programs, making Stuxnet the first documented case of cyber-warfare intended to cause physical damage.

Apocalyptic scenes from fantasy thrillers may become a reality: rogue nations and terrorists could destroy industries and infrastructures of most technologically advanced countries exploiting one vulnerability of modern society – a total dependency on life supporting technologies. Without networks, electricity, fresh water and other utilities, modern world would be destroyed. Post-apocalyptic violence and weapons will rule the day. Without adequate facilities and resources, billions of people will perish.

Is it too late to act?

Presently, a practical fully developed quantum computer does not exist. However, continuous research and development are bringing fast the day when a quantum computer shall effortlessly outstrip the abilities of a contemporary, conventional computer. Commercially-available, universal-standard quantum computers may potentially appear in five to twenty years.

However, even most cautious forecasts, which give humanity up to 20 years to get ready to the post-quantum world, are still too gloomy. Contemporary software, equipment, and networks will be defenseless against quantum processing.

While some types of equipment could be upgraded in the near future, majority of industrial equipment could not. With a lifespan between 15 and 25 years, the equipment would have to be replaced in the middle of its calculated service life. Setting aside an important question of “to be replaced with what?”, it would be an unbearable expensive task. Not to mention new regulations and standards, which have to be developed, adopted and implemented. As an example, IT-industry has spent hundreds of millions of dollars and several years to solve the Year 2000 problem or Century Date Change. Although the problem seemed easy to solve and was known for many years before it appeared, it still caused considerable damage. To cover all crucial industries by post-quantum protection, humanity needs decades to develop and implement technologies, to agree on regulations and standards, to implement software solutions and to deploy new hardware.

The development of new global standards has already begun at international (ISO) and local level. The best known is the Post-Quantum Cryptography Standardization project by NIST, the US agency; more than 60 signatures and encryption post-quantum schemes are already submitted to the agency. Two most popular types of post-quantum protection are lattice-based cryptography and error-correction codes, such as IDM solution.

The next move: how to stay alive

IDM Project is run by a group of scientists and entrepreneurs with a deep understanding of the threat to humanity presented by quantum computers. The group has developed a comprehensive solution based on the patented SIZE technology which utilizes a new method of error-correction codes.

The technology has been successfully tested in the Cavendish Laboratory at the University of Cambridge in UK and proofed itself as a part of highly protected cloud storage and exchange service.

IDM service is a project aiming at saving the postquantum future. There would be further steps requiring a joint effort to establish this technology and to develop further applications. The IDM team has started a crowdfunding campaign on June 4th, 2018 on myidm.io website.

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