Day: July 11, 2018

GPU prices have been declining following a sharp price drop of virtual currency prices during the first half of 2018

The results of a nationwide bitcoin survey conducted December by the Bank of Canada are now in.

In this article, you will be introduced to the idea of tracking GitHub activity as a way to evaluate crypto asset projects and whether this approach merits inclusion in a crypto investor’s arsenal. 

South Korean lawmakers are to present drafts of bills aimed at developing new rules for crypto, blockchain, and ICOs in the country

There is utility in Bitcoin Cash and their ambitions of becoming Bitcoin’s replacement is real. In fact going by the number of developments and adoption especially in SE Asia, Bitcoin Cash deserves recognition. Yes, it’s a BTC fork but at its core it advocates the ideals of the original core network despite BitPico’s claims.

From the News

Talk is cheap, action speaks louder than words. We have heard these words over and over again but do they reflect the actions of BitPico and Bitcoin Cash? Well, we know Bitcoin Cash has supporters and critics in equal measure.

"Bitcoin Cash" is centralized sock puppetry. https://t.co/OJJo5vwEfn

— Nick Szabo (@NickSzabo4) December 21, 2017

Some think they are nothing more than a “centralized sock puppetry” as Nick Szabo publically said while others think Bitcoin Cash is a coin from heaven. Both may or may not be right but BCH is really is a utility coin. Thanks to their structure, network improvement is easy. Fact is there is yet another upgrade set for November 2018 barely two months after hard forking and increasing their block size to 32 MB.

Talking of BitPico, they claim they have solid findings after unleashing “5,000 attack nodes” to show that Bitcoin Cash is indeed centralized. They have reason to believe that close to 98 percent of Bitcoin Cash servers are “sitting in the same server rack” and asking Bitcoin Cash officials to explain this. Unfortunately, this is not the first time that these centralization allegations have surfaced.

54% of reachable Bitcoin ABC (bcash) nodes are running on Hangzhou Alibaba virtual servers in China. Compare that to 2% of reachable Bitcoin nodes running on Hangzhou Alibaba servers. pic.twitter.com/hXuYuXkYrp

— Jameson Lopp (@lopp) December 20, 2017

A while back, members of the community noted that close to 50 percent of Bitcoin Cash nodes ran from Alibaba’s servers. Then again, Micro-soft went ahead throwing jabs at any attempts of increasing block sizes saying those were “degraded decentralization” limiting the network’s ability to scale and hampering through put on a world scale.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart

Bitcoin Cash Weekly Chart by Trading View

Bitcoin Cash is syncing with bears just like the rest of the markets. It’s down nine percent in a week over week basis as sellers continue to ramp up their positions with targets at $600. $600, as we said before is a key support line and an anchor point for our analysis since it marks 2018 lows.

In case there is a revival then we need to see injection of buy pressure at around this support line like it was in early April 2018 when buyers rejected lower lows and edged higher. If not and the depreciation continues, then it’s likely that sellers might test $300 or Oct 2017 lows, our next support line.

Daily Chart

Bitcoin Cash Daily Chart by Trading View

While we realize that sellers are in charge, let’s also recognize the risk reward ratio is a little bit tight now. As before, our main support line at $600 is but $100 away.

It won’t make sense to risk $150—since supports would be above July 2 highs- to gain $100 or less in the next few days in our sell trade. So, the best approach here is to wait for a reaction at $600. If sellers slice through that level then we shall trade a break out as mentioned before with targets at $300.

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 Bitcoin Cash (BCH) Technical Analysis: November 2018 Upgrade Demonstrates Bitcoin Cash’s “Decentralization and Freedom” appeared first on NewsBTC.

Fundamentals drive the hype element in altcoins and cryptocurrencies. It’s important to know that because even though it could otherwise pass out as a non-issue, Litecoin acquisition of WEG Bank is supportive of price and some are even linking Litecoin (LTC) revival to that. Regardless, we are still in a bear trend with some coins as IOTA and EOS trading at around strong support points.

Let’s have a look at these charts:

EOS Technical Analysis

EOS Daily Chart by Trading View

Thanks to Dawn 4.0, the RAM market definition as a resource subject to speculation is turning some block producers to millionaires. Luckily, there is sanity and instead of using it for their company purposes, EOS Nation has the courtesy of reinvesting that amount to the community and supporting projects within the network.

EOS Ram bubble seems to have burst… However there still remains a lot of tokens still on the exchanges and the Bancor have not been changed yet… Will Ram make another run to 1000 EOS / MB? For EOS RAM price data: https://t.co/BHNqXWLIVx pic.twitter.com/cu3kMIK1Fl

— lionindayard (@lionindayard) July 11, 2018

Of course, RAM is a delicate subject which shouldn’t be taken lightly. It’s no wonder that it is even taking a toll on Dan Larimer who quit the Telegram RAM group. That from a neutral-believing in the ideals of blockchain that EOSIO should remain open source and community driven is wonderful. The community should decide on the way forward rather than depending on a figure head for directions.

Back to price action and sellers are in charge. As a matter of fact, our previous trade plan is going according to plan and so there shouldn’t be changes. However, for those planning to short, my recommendation would be to wait for a bear break out below $7 before shorting on pull backs with every retest of  $7. Stops should be at $8 with bear targets at $4.

Litecoin (LTC) Technical Analysis

Litecoin Daily Chart by Trading View

There is a buzz within the crypto sphere after news that the Litecoin Foundation did acquire a bank, WEG Bank AG. Of course, this is positive but the misinformation is that WEG is a legit bank. WEG Bank AG according to various reliable sources is a financial institution that specializes in offering real estate loans. Besides, in the deal, Litecoin will be partnering with TokenPay in exchange for the latter to use Litecoin’s technology and marketing.

Here are the benefits of owning a bank. @LTCFoundation & @TokenPay have entered into a strategic partnership to buy a stake in a German bank, WEG Bank AG. We plan to work on many exciting consumer-driven crypto solutions.#Litecoinfam #Litecoin #Crypto #bitcoin #blockchain pic.twitter.com/vKrt9N4VKy

— John@SatoshiLiteBodyguard[LTCSF18] (@johnkim77) July 11, 2018

Price wise, Litecoin (LTC) is pretty much stable and still absorbing the depreciation shock we saw on July 10. As laid out before, any form of appreciation as long as it’s below $90 provides an opportunity for sellers to load their positions and aim for $50.

So, in line with technicals, my trade plan is simple: Short Litecoin (LTC) at current spot prices with stops at $80 and sell targets at $50. Any form of gains pushing prices above $90, our previous buy trigger invalidates this projection.

Stellar Lumens (XLM) Technical Analysis

Stellar Lumens Daily Chart by Trading View

Unlike other coins in the top 10, Stellar Lumens is low key and information is scarce. On the charts, prices are down two percent and perfectly syncing with the general bear momentum. Like the rest and unless otherwise, Stellar Lumens sellers should sell on corrections in lower time frames with stops at 20 cents. Ideal targets are at 15 cents and 8 cents while any up-thrusts above 22 cents cancel our bear trade plan.

Tron (TRX) Technical Analysis

Tron Daily Chart by Trading View

Fortunately for traders at Binance, they can withdraw and deposit TRX after two weeks of withdrawal suspension. It also means voting for their preferred SR can be done by those who haven’t.

#Binance Completes #TRX and #ICX Mainnet Swapshttps://t.co/MnWduD08O0 pic.twitter.com/wVhSq4VKMv

— Binance (@binance) July 10, 2018

On to the charts and TRX is stable and up three percent. Nonetheless, prices are still knee-deep in bears confirming that mainnet launches are often followed by acute price liquidation. Going forward though, our initial trade plan is still solid. As long as prices are below 4 cents, traders should trade within a bear break out pattern and aim for 2.5 cents with stops at 3.5 cents.

IOTA (IOT) Technical Analysis

IOTA Daily Chart by Trading View

It has been two months of blood for IOTA and finally, IOTA is at a precipice. Will it bottle and collapse to 20 cents? Those are some of the legit questions we should ask ourselves. Now, not only are we seeing prices testing 90 cents-2018 support line but this is the second time sellers have tested this price tag in the last two weeks or so.

Remember, July 10 events did nullify our buy projection and any breach below 90 cents would officially usher in sellers keen on testing 65 cents. As such, traders would be ready to bounce on a bear break out trade. On the flip side, any gain above July 2 highs would beckon IOTA buyers to push prices towards $2 or May highs.

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 EOS, Litecoin Stellar, Tron, IOTA Technical Analysis: Block One’s CTO Quits Citing “Misinformation, Lies and Fraud” appeared first on NewsBTC.

One of my favorite pastimes is thinking about how cryptocurrency and blockchain technology can change the world. I’m also very interested in the world of minimalism and sustainable lifestyles. In fact, I tend to think about building a micro-home/tiny house in the future. Though I’m not the first to connect the two, I realize that cryptocurrency and blockchain technology may be very useful to integrate into the tiny house movement. Let’s explore this a bit further.

Tiny Homes and Crypto Seem Like an Obvious Match

Tiny homes generally try to be as ecologically friendly and sustainable as possible. I admire this, and some in the movement have even started to think about how heat from cryptocurrency mining and blockchain security tasks could actually be reused within these tiny homes. This is a concept I enjoy immensely – capturing and repurposing the byproduct of one productive task for another.

The heat could easily be reused as a means to heat one’s home during the winter and other cold parts of the year. I’m not the first to think of this, but it’s an idea worthy of as much exploration as possible. For those living in colder climates, it would be an excellent way to introduce outside air (via an air filter), warm it up, and keep the whole place from getting too stuffy.

It could also easily help with any water heating units in the house, and it isn’t too far off from my mining assisted brew operation. This would be a useful redirect once it was too warm to really heat the home. There are also interesting devices that could convert thermal energy back into electricity, at an obvious net loss, but better than wholly wasted.

Of course, one potential limiting factor for this would be the home’s power source. Most of these homes have solar and/or wind generators. Alone, these would likely be unable to generate the power necessary to maintain a mining operation, and would most likely barely keep the batteries for heat and hot water charged. However, if it only used those in-house resources as a supplement/cost reduction while still attached to the grid, this could be doable.

Outside of mining, the parts for these homes often need to be incredibly high-quality due to the level of sophistication. Blockchain technology could help with the supply chain and logistics of building and shipping these homes. For example, solar panels are somewhat expensive if you want the best possible ones to help generate enough electricity for your tiny home, so ensuring that they are 1) authentic and 2) undamaged are top priorities. We all know that supply chain and provenance are one of blockchain technology’s fortes.

Finally, there’s an ideological alignment here – at least, as far as I can see. Tiny homes do a few things. They are cheaper, generally, since they have less square feet and amenities than needlessly large homes. A lower cost of acquisition means either a lower or no mortgage – freedom from banks. Zoning laws in many cities also require owners of tiny homes to make them “mobile”, so it is not uncommon to see plots of land with many tiny homes that are able to be moved (i.e., independence within a community through the creation of a network). These homes try to be self-sustaining as well, with unnecessary things reduced or removed and multiple things serving multiple functions in addition to renewable resource generators. It’s all about self-reliance and taking back control over one’s life as best as possible.

Do you have a tiny home? Are you thinking about one? Do you or would you integrate cryptocurrency and blockchain technology into your literal living situation? Let us know on Twitter and in the comments below!

Ripple employs former Facebook’s Global Director of Financial Services Payment Partnerships to develop global payment systems