Day: July 2, 2018

Japan’s financial regulator the Financial Services Agency is considering to change the legal basis for how it regulates cryptocurrency exchanges

Tuesday, June 03, 2018, Lugano, Switzerland – trade.io’s CEO Jim Preissler today announced during his keynote speech at the trade.io sponsored, Bloomberg event in London, England, that the Exchange, the flagship product of trade.io, will be launched on July 17th, 2018. The announcement comes after months of anticipation across the crypto world where they have eagerly prepared for the launch of trade.io’s live Exchange, and later its Liquidity Pool.

For the first month of launch, the company has also announced that they will offer commission-free trading to registrants. Pre-registration to the trade.io exchange is available here: https://exchange.trade.io

Today marked a truly special occasion as trade.io celebrated the announcement of the launch with not just one, but two milestone events. The first of which was titled “The Future of Cryptocurrencies”; Bloomberg’s first ever cryptocurrency event. The event was broadcast live to Bloomberg Terminals’ many thousands of daily users and also live-streamed on trade.io’s website. The collaboration with trade.io was an attempt to bridge the worlds of traditional finance with blockchain/cryptocurrency by bringing some of the brightest minds and most innovative thinkers together, for a one-of-a-kind event. This event will be livestreamed on https://trade.io/future-of-cryptocurrencies.

In conjunction with the Exchange launch date announcement, trade.io also hosted a guerrilla coffee campaign, which took place at one of London’s busiest commuter hotspots and financial centres, Canary Wharf station, whereby more than 350,000 people pass through every day.

trade.io believes in constantly exceeding community expectations and today was no exception. Over 13,000 free coffees were served in trade.io branded cups, at the busy London Underground station as well as in 20 independent coffee shops in the City of London. In addition, numerous chocolate coins emulating the company’s cryptocurrency, the Trade Token (TIO), were distributed across various London venues, and both these and the coffee cups offered an opportunity to register in the company’s popular airdrops campaign.

The company has also made plans to exhilarate the crowds at Canary Wharf Station today, with a surprise flash mob of dancers dressed as astronauts. This is being live-streamed on the company Facebook page www.facebook.com/trade.io   

Global press were also present at both of these uplifting events, in order to disseminate footage of interviews and other key events on international television and media channels.

trade.io‘s CEO Jim Preissler commented on the launch, “We are thrilled to announce the launch of our trade.io Exchange. The community has been eagerly waiting, so it gives me great pleasure to announce that we will finally launch on 17th July. It will be a staggered launch to 1,000 people initially, with future clients to be on-boarded in the days to follow.

“Following the BETA version of our Exchange where select members tested the platform, we are confident that we will satisfy the specifications stipulated to us by our community, and look forward to sharing in the successes of our upcoming official Exchange.”

The first lucky 1,000 people to experience the trade.io platform, will be contacted via email in the days before the launch.

About trade.io

trade.io is a next-generation financial institution based on blockchain technology, providing the ultimate in security and transparency. By leveraging decades of experience in the investment banking, trading & FinTech sectors, and combining them with the power and transparency of the distributed ledger, trade.io has created a truly unique exchange that will revolutionize asset trading and investment banking.  

Find out more: https://exchange.trade.io

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.

Bitcoin will eventually come to replace government-backed fiat currencies, Shapeshift CEO Erik Voorhees argued at a debate Monday.

Fulfilling the promise of its whitepaper NANO was ranked the fastest of all cryptos for transaction times on Binance, but its abysmal price hasn’t reflected that performance – is this really the best transaction technology?

All things constant and including this weekend’s events, odds are Ethereum might add to their gains today. It’s a tad bit stable on a day-to-day basis but with firm foundations over the weekend, chances are ETH are padding ready to make a comeback. Technically, we remain bearish that’s until buyers show their intent and breach $500, our immediate resistance line.

From the News

Interesting development in recent times especially news out of China. We all know how Chinese regulators perceive cryptocurrencies and their complementing fund raising model, ICOs. In fact, they banned ICOs in late August with the order taking root in early Sep 2017. Justifying their move, they labeled ICOs as scams and those found doing so within their jurisdiction liable for prosecution and a probable jail term. Fast forward, 11 months later and they are literally thawing.

With odds of re-evaluation and creation of a safety net for investors through fitting regulations, Ethereum (ETH) demand might be making a comeback. That’s of course once we get official confirmations from the China Banking Regulatory Commission (CBRC). At the moment what we do know for sure is that Node Capital is eyeing the US market with a 200,000 chest of ETH ready for investment.

In an article published on June 28, 2018, the China Banking Regulatory Commission stated that it is positive about the encrypted money market and that domestic legislators must issue licenses for encrypted currency operations. pic.twitter.com/rv5IDmsaVp

— YOBTC (@YOBTC_Community) July 2, 2018

The Beijing-based investment company is not new to investment within the crypto cycle. They are investors in HBUS and more than 160 crypto businesses mostly based in China. Their main partner, Jun Du is also the founder of Huobi. Huobi as we know attracts massive daily trading volumes and is one of the biggest exchanges in the world.

Ethereum (ETH) Technical Analysis

Weekly Chart

Ethereum Weekly Chart by Trading View

Undoubtedly, ETH prices are trending at a key inflection point. Bears are definitely in charge when we take a top-down approach and as the adage goes, trading with the trend is profitable. Now, considering that ETH is actually stable and up one percent in week over week basis at the time of press, we might be up for a reversal.

This is especially if we see rejection of lower lows at $400 or April lows in weeks to come. If that’s the case, we might see a rebound back to this year’s highs. Otherwise any depreciation would welcome sellers who might then cut ETH back to $200 or there about.

Daily Chart

Ethereum Daily Chart by Trading View

As before, our sell targets stand at $350. Nonetheless, considering recent price action-more so events of June 29 and 30, odds are ETH prices might add to their longs if all things remain as they are. Note that, not only did we see higher highs but there was a significant spike in volumes exceeding recent averages supporting this appreciation.

What this means is that risk off traders can begin buying with stops at $400. On the other hand, conservatives who need assurances can wait for up-thrusts past $500 or June 22 highs at $550 to initiate longs. In both trade plans, ideal targets are at $630-June highs and $850-May highs. Remember, any rapid depreciation below $400 automatically cancels this buy projection reasserting sell trend.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post Ethereum “Mooning” Largely Depends On China’s Regulatory Position: Ethereum (ETH) Technical Analysis appeared first on NewsBTC.

Besides IOTA whose buyers have been consistent in the last three days, others are literally stagnant. EOS is still trending below $9 despite the clout surrounding RAM while Litecoin is likely to break above $90 today. Could yesterday’s rally have to do with South Korea declaration that it will invest $200 million by 2022 on crypto projects? Remember, this follows China’s CBRC urge to regulators to issue licenses to crypto businesses.

Let’s have a look at these charts:

EOS Technical Analysis

EOS Daily Chart by Trading View

Too much popcorn at EOS making irresistible for commentators to air their 2 cents. Well, as it stands and as mentioned yesterday, the center of debate still circles around the resource en-grained in the EOS constitution-RAM.

It’s now subject to speculation and within days, we have seen account opening price tags for dApp developers rocketing and becoming prohibitive for them to make sense of doing business at EOSIO blockchain. That’s not all, Block One is set to influence voting as they plan on unleashing their 100 million votes and inevitably determining who get to be BP.

Price wise though, EOS is bottoming up. While there are indications that there is a recovery, we need to see strong moves today complementing yesterday’s. But as always, that’s subject to sentiment which stems from fundamentals and RAM speculation isn’t doing it any good.

As before, we remain neutral with a bullish skew until after there are up-thrusts pushing prices above $9, our immediate resistance line and bull trigger. From there, and it’s likely to happen today, we should pick longs on pull backs in the one hour chart and aim for $12 and $15.

Litecoin (LTC) Technical Analysis

Litecoin Daily Chart by Trading View

Like most coins, yesterday came with strong gains. As a matter of fact, Litecoin racked in eight percent helping it retest $90, a key resistance line. Remember, as before, LTC prices are directly coupled with BTC prices.

Litecoin is technically BTC’s test-net as the Winklevoss twins puts and unless we see movement in the former, LTC will remain stuck trading in tight trade ranges. So, as before, our bull trade triggers is at $90 while sells will be back in trend should there be a push below $70. The former is likely to happen today after yesterday’s injection of buy momentum.

Stellar Lumens (XLM) Technical Analysis

Stellar Lumens Daily Chart by Trading View

The eighth largest cryptocurrency in the world is one of the top performers gaining three percent in the last 24 hours. Still, we retain bearish to neutral stance but after weekend’s higher highs and consequent confirmations yesterday, I suggest buying on every pull back in lower time frames. Overly, bull targets stand at 30 cents and 50 cents. However, should we see depreciation below 15 cents, Stellar Lumens sellers should aim for 8 cents on the lower end.

Tron (TRX) Technical Analysis

Tron Daily Chart by Trading View

Straight from Pornhub support to in-house decisions of burning close to 50 billion ERC-20 TRX tokens, Tron Foundation and Justin Sun are desirous of seeing Tron mainnet excel. Already, Super Representatives voting is in progress and delayed because most coins were locked at different exchanges supporting their new blockchain. There are 52 different exchanges supporting the new TRX coins and blockchain.

It’s obvious that TRX seems to be turning a corner. Yes, we can agree that in the face of this deep bear trend, there are hopes of sellers waning down allowing for a brief recovery. However, that’s largely subject to TRX pushing prices above 5 cents. This is the main resistance line and buy trigger. On the flip side, sellers would be back and aiming for 2.5 cents in case there is a drop below 3.3 cents or June 29 lows. But after yesterday’s 10 percent push, I recommend buys on dips for risk on traders with targets at 5 cents and 8.5 cents.

IOTA (IOT) Technical Analysis

IOTA Daily Chart by Trading View

From yesterday’s price action, it’s clear that buyers are making a comeback. Not only do we have volumes behind these moves, but the fact that gains have been consistent after June 29 means hints of strong bull pressure.

I recommend buys with targets and stops as before. However, risk on traders can wait until IOTA buyers print above $1.3, triggering our buys. Any move below 90 cents or that double bottoms cancels our bullish projection.

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post South Korea, China and Other “Resistant” Countries Warming up To Crypto: IOTA, EOS, Stellar Lumens, EOS and Tron Technical Analysis appeared first on NewsBTC.

Two Nevada men agreed to settle a lawsuit filed by the SEC for the illegal sale of stocks of a Hong Kong-based blockchain and Internet of Things company

It is evident that TRON is of great interest to a lot of people. The launch of the project’s main net has been a big development, although there is also some misinformation making the rounds. The recent burning of nearly 50 billion tokens is causing some confusion among TRON enthusiasts.

The TRON Burning Process

There are two interesting changes taking place in the TRON ecosystem. First of all, the TRON Foundation made it clear they are burning one billion tokens (worth approximately $50 million) to celebrate the launch of the main net. These tokens belong to the Foundation itself and will help reduce the overall supply of TRX tokens in circulation.

However, there is a second burning phase taking place which is causing a lot of confusion. Due to the TRON main net launch, the existing ERC20 tokens held by users are being converted to TRON20 tokens at a 1:1 rate. This process is faciliated by over 30 supporting exchanges, and it is important that users convert their tokens as soon as possible to avoid any major problems in the future.

Because of this ongoing process, the existing ERC20 tokens are both worthless and cause a fair bit of Ethereum blockchain bloat. Getting rid of those tokens seems to be the best course of action, as there is no point in having those tokens remain stuck on exchanges. To date, nearly 50 billion ERC20 TRX tokens have been sent to an unspendable address.

This leads some people to believe the current TRON supply is being reduced even further. That is anything but the case, as these ERC20 tokens play no role of importance once they are converted to the new TRON20 standard. This means the TRON supply of 99 billion tokens will be maintained for some time to come. The burning of the ERC20 tokens has no impact on the TRON20 supply whatsoever.

This burning process plays an integral part in ensuring the TRON main net operates as expected. So far, nearly 500 nodes have been spun up. Although that is not the highest number in the world of cryptocurrency networks, it is still a very positive development for this new altcoin. More nodes are always needed in the world of cryptocurrency, as they will help to further decentralize the TRON network.

It is evident the TRON launch is off to a far smoother start compared to how EOS is trucking along. No real network issues have been discovered as of yet, and the governance model is not being revised for the time being. Even so, it is important to clear up any misinformation regarding the current token supply and why specific actions are undertaken.