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Cryptocurrency Market Update: 0x (ZRX) Still Climbing From Coinbase Pump

FOMO Moments Crypto land is recovering slightly; 0x, Tezos, Digibyte and TenX on the up, VeChain suffering. Monday morning in crypto land is developing into a green one for a change as markets rebound from weekend losses. Total market capitalization has crept back over $250 billion and signals are turning bullish. Bitcoin is up just

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FOMO Moments

Crypto land is recovering slightly; 0x, Tezos, Digibyte and TenX on the up, VeChain suffering.

Monday morning in crypto land is developing into a green one for a change as markets rebound from weekend losses. Total market capitalization has crept back over $250 billion and signals are turning bullish.

Bitcoin is up just two percent to $6,470, breaking a key resistance level at $6,450. There are positive signals for BTC as it approaches the next level of support. Ethereum has done better with a gain of 4.7% to trade at $460 at the time of writing.

Most of the altcoins are generally in the green with the five pumped by Coinbase showing solid gains. According to Coinmarketcap today’s winner in the top 25 is 0x which is trading 10.5% higher. Zero-x is currently trading at $1.16, up from just over a dollar this time yesterday. On the week ZRX has climbed 16.5% from $0.97 this time last Monday, it fell to a weekly low of $0.75 on July 13 before the Coinbase announcement. Over the past month 0z has made 33% gains from $0.85 this time last month. Against BTC it is up 8% on the day to 17750 satoshis and 24% on the week from 14400 satoshis this time last week.

Decentralized exchange protocol 0x has benefitted most from the premise of a Coinbase listing. Binance is taking the majority of the trade volume at the moment with over 50%. That volume has jumped from $23 million to $45 million on the day resulting in a market cap increase to $600 million and a move up the charts to 23rd spot for ZRX.

Other altcoins performing well this morning include Binance Coin up 6%, Tezos climbing 7.8%, and Digibyte with a 18% pump. TenX is also flying at the moment with a 36% spike. VeChain is still having a nightmare losing another 6% in the last 24 hours.

Total crypto market capitalization is up 3.4% to just over $260 billion and trade volume has risen from $9 to $12 billion. A small recovery is on the way but it remains to be seen if it can be sustained throughout the week.

More on 0x can be found here: https://0xproject.com/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.

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Litecoin Price: The Push to $80 is Still in Play

It appears yesterday’s positive cryptocurrency momentum is spilling over to today. Although there aren’t any notable change in this regard, all top currencies remain in the green over the past 24 hours. This is especially good news for the Litecoin price, as the altcoin marches toward $80. Litecoin Price Momentum Remains in Place It is […]

It appears yesterday’s positive cryptocurrency momentum is spilling over to today. Although there aren’t any notable change in this regard, all top currencies remain in the green over the past 24 hours. This is especially good news for the Litecoin price, as the altcoin marches toward $80.

Litecoin Price Momentum Remains in Place

It is evident the current cryptocurrency momentum can swing the markets both ways. Assuming this situation remains in place for a few more days, there is a good chance there will be a major bull run later this month. However, the current Litecoin price gains are not necessarily sufficient to keep the current trend going for much longer.

Over the past 24 hours, the Litecoin price has increased by 1.81%. It is a very modest gain first and foremost, although there is no reason to despair just yet. Any positive trend is considered to be a good thing at this point in time. For the Litecoin price, it has allowed the value to increase to $78.82, which is a respectable value given the current market conditions. Most speculators would like to see things direly improve in this regard, though.

This current Litecoin price is partially facilitated by an increase in the LTC/BTC ratio. That improvement comes in the form of a 0.8% increase, which is pretty positive for this popular altcoin. Although it seems to be a matter of time until the momentum turns against all cryptocurrencies once again, there is still a fair chance this is only the beginning of a long-term uptrend for Litecoin and other coins.

With $265.388m worth of trading volume, the current Litecoin price momentum can be sustained for some time to come. It is evident there is still a long way to go prior to seeing any major price recovery for all cryptocurrencies. The Litecoin price is still a long way removed from the all-time high of nearly $350. Whether or not that price will ever be attained again, remains to be determined at this stage.

OKEx may have lost some trading momentum where other altcoins are concerned, but it is doing just fine when it comes to Litecoin trading. Its BTC and USDT pair are well ahead of the competition at this time. Coinsuper’s BTC and ETH pairs come in third and fifth place, separated by RightbTC’s BTC pair. No fiat currency pairs are to be found in the entire top eight, which is a bit worrisome for Litecoin price speculators.

If this current trend can remain in place, things will get very interesting for the Litecoin price moving forward.  Whether that will result in further gains, is a different matter altogether. It will largely depend on how the Bitcoin price evolves in the coming hours and days. So far, things still look good in that regard, although volatility is only a heartbeat away in the cryptocurrency world.

Bitcoin Price Watch: BTC/USD’s Bullish Break Underway

Key Points Bitcoin price slowly climbed above a major resistance area near $6,300 against the US Dollar. There was a break above two important bearish trend lines near $6,310 and $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to surge further higher towards the next resistance

The post Bitcoin Price Watch: BTC/USD’s Bullish Break Underway appeared first on NewsBTC.

Key Points

  • Bitcoin price slowly climbed above a major resistance area near $6,300 against the US Dollar.
  • There was a break above two important bearish trend lines near $6,310 and $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to surge further higher towards the next resistance at $6,450.

Bitcoin price is gaining bullish momentum above $6,300 against the US Dollar. BTC/USD may perhaps test the next major barrier near $6,450 in the near term.

Bitcoin Price Analysis

Bitcoin price settled above the $6,200 support area to start an upward wave against the US Dollar. The BTC/USD pair slowly and steadily moved higher and broke a key resistance area near $6,300. The upside move was such that the price moved into a bullish zone above $6,200 and the 100 hourly simple moving average. It opened the doors for more gains and the price traded above the 23.6% Fib retracement level of the last decline from the $6,800 high to $6,081 low.

More importantly, there was a break above two important bearish trend lines near $6,310 and $6,350 on the hourly chart of the BTC/USD pair. The pair is now trading above the $6,350 level and it looks set for more gains. The next crucial resistance awaits near the $6,450 level. It also represents the 50% Fib retracement level of the last decline from the $6,800 high to $6,081 low. Should, bitcoin buyers succeed in clearing the $6,450 resistance, there could be a sharp upward move towards the $6,700 level.

Bitcoin Price Analysis BTC USD

Looking at the chart, there are many positive signs emerging above $6,300. If the recent bullish break is valid, the price is likely to climb further towards $6,450 and $6,550 in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for BTC/USD is showing positive signs in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI is placed well above the 50 level with an upward angle.

Major Support Level – $6,240

Major Resistance Level – $6,450

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Bitcoin Price Watch: BTC/USD’s Bullish Break Underway – newsBTC


newsBTC

Bitcoin Price Watch: BTC/USD’s Bullish Break Underway
newsBTC
Bitcoin price is gaining bullish momentum above $6,300 against the US Dollar. BTC/USD may perhaps test the next major barrier near $6,450 in the near term. Bitcoin Price Analysis. Bitcoin price settled above the $6,200 support area to start an upward
Bitcoin (BTC) Price Analysis: Bulls Refuse to Back DownEthereum World News (blog)
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all 40 news articles »


newsBTC

Bitcoin Price Watch: BTC/USD's Bullish Break Underway
newsBTC
Bitcoin price is gaining bullish momentum above $6,300 against the US Dollar. BTC/USD may perhaps test the next major barrier near $6,450 in the near term. Bitcoin Price Analysis. Bitcoin price settled above the $6,200 support area to start an upward ...
Bitcoin (BTC) Price Analysis: Bulls Refuse to Back DownEthereum World News (blog)
Bitcoin Price Spikes After Lowest Volatility Since All Time HighCryptoGlobe

all 40 news articles »

PR: Stellar to Power The London Football Exchange: the World’s First Football Club Exchange and Fan Marketplace

Bitcoin Press Release: Stellar-powered startup, the London Football Exchange has announced that it will partner with leading software company Lightyear.io. London, England — July 10, 2018 — The London Football Exchange (LFE) announced that it has partnered with Lightyear.io, a software company that develops applications and infrastructure for the Stellar ecosystem and will be building …

The post PR: Stellar to Power The London Football Exchange: the World’s First Football Club Exchange and Fan Marketplace appeared first on BitcoinNews.com.

Bitcoin Press Release: Stellar-powered startup, the London Football Exchange has announced that it will partner with leading software company Lightyear.io.

London, England — July 10, 2018 — The London Football Exchange (LFE) announced that it has partnered with Lightyear.io, a software company that develops applications and infrastructure for the Stellar ecosystem and will be building the rapidly expanding LFE ecosystem on the Stellar network.

The LFE has an ambitious vision to transform fan engagement in the world’s most popular sport – professional football. By combining the passion of the global football fan base with the global reach and speed of the Stellar network, the LFE will unlock new possibilities in ticketing, merchandising, broadcasting and fan experiences through the LFE ecosystem, including the LFE Market and LFE Exchange.

Built on Stellar’s blockchain technology, the LFE Exchange will be the world’s first ever stock exchange that will offer members the opportunity to invest in the shares of football clubs.

The LFE Market will provide members with the opportunity to partake in the various football club and fan experiences, such as ticketing, tours, player meet and greets, content, broadcast and streaming services, and merchandise.

The LFE ecosystem, including the LFE Marketplace and LFE Exchange, aims to connect its members with football clubs to provide new fan experiences that weren’t previously possible. For the first time, fans will have the ability to acquire a stake in their favorite football clubs. The new capital injection that fans will make will enable football clubs to create added value for their fan investors in areas such as squad strengthening, stadium improvements, sporting infrastructure, youth development and marketing strategies.

Ben Leigh Hunt, founding partner of the London Football Exchange had these words to offer about the partnership;

“The LFE’s mission is to bring the football world the best in cutting-edge technological and financial solutions.Together, LFE and Stellar make the perfect match to transform the fan experience while introducing millions of loyal football fans to the benefits of the blockchain technology through speed, inter-connectivity, and efficiency.”

The LFE Market and LFE Exchange are powered through the use of the LFE Token, which is intended to be the world’s foremost football-based cryptocurrency. Additionally, LFE intends to establish a remittance and payment service for its token holders, which will be enabled by the Stellar network.

Boris Reznikov, Director of Partnerships at Lightyear.io stated;

“We’re looking forward to working with the London Football Exchange to introduce the global football community to the benefits of blockchain technology as a new and powerful force in the democratization of access to value”.

“The revolution in football finance has begun”.

About the London Football Exchange

The London Football Exchange (LFE) — run on cutting-edge blockchain technology — is the world’s first fully-integrated football club stock exchange and marketplace. Through a tokenized marketplace LFE technology will remove friction costs and increase transparency in transactions such as ticketing, merchandise, hospitality and broadcast services subsequently creating new value, benefits, and experiences for fans through the money it is saving.

This new form of financing will give fans straightforward access to own equity in clubs and will also make them contributors to The LFE’s charitable foundations supporting football development projects worldwide. For more, please visit www.lfe.com.

About Lightyear.io

Lightyear supports global partner activities through the development of applications and infrastructure for the Stellar network, a free, open-source financial protocol that connects diverse financial systems. The company, which leverages the Stellar network, is aligned with Stellar.org’s primary mission of creating an open and public financial infrastructure, enabling more access for individuals, lower costs for banks, and more revenue for businesses. For more on Lightyear, please visit www.lightyear.io.

About Stellar.org

Stellar.org is a Silicon Valley-based nonprofit organization that supports the Stellar network, a free, open-source network that connects diverse financial systems and lets anyone build low-cost financial services—payments, savings, loans, insurance—for their community. The Stellar network enables money to move directly between people, companies, and financial institutions as easily as email. This interconnectivity means more access for individuals, lower costs for banks and more revenue for businesses.

For more info on Stellar – www.stellar.org.
Find out more about Lightyear here – https://www.lightyear.io/
To learn more about the London Football exchange – https://lfe.com/
Find LFE on Facebook – https://www.facebook.com/LDNFE/
Follow LFE on Twitter – https://twitter.com/ldnfe
Check out LFE on Instagram – https://www.instagram.com/ldnfe/
Chat with the LFE team on telegram – https://twitter.com/official_lfe
London, England https://www.linkedin.com/search/results/people/?facetCurrentCompany=%5B%2211407019%22%5D

Media Contact

Contact Name: Flynn Kennedy
Contact Email: [email protected]
Location: London, UK
Company: London Football Exchange
Phone: +44 7497110127

Youtube: https://www.youtube.com/channel/UC_pmkXInei89lUbWI70j0xg

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Exponential Bitcoin Hash Rate Growth Increases 51% Attack Vulnerability for Other SHA-256 Crypto

Bitcoin’s mining hash rate has seen exponential growth due to the massive increase in Bitcoin’s price long term combined with the advancement of mining chip technology. This has created a feedback loop where miners compete with each other to buy the most mining equipment possible to get the most profits, causing less profits for the …

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Bitcoin’s mining hash rate has seen exponential growth due to the massive increase in Bitcoin’s price long term combined with the advancement of mining chip technology. This has created a feedback loop where miners compete with each other to buy the most mining equipment possible to get the most profits, causing less profits for the same amount of hash rate, causing miners to buy more equipment to keep up, and so on and so forth. Bitcoin’s mining hash rate has grown so large that it would be quite easy for a large Bitcoin miner to conduct a 51% attack on any other SHA-256 cryptocurrency.

Bitcoin’s mining hash rate was 10 MH/s at the start of 2010, 125 GH/s in 2011, 10 TH/s in 2012, 23 TH/s in 2013, 10 PH/s in 2014, 300 PH/s in 2015, 800 PH/s in 2016, 2.5 EH/s in 2017, 15 EH/s at the turn of 2018, and since then, Bitcoin’s hash rate has increased further to over 40 EH/s. This means Bitcoin’s hash rate has been increasing almost exponentially every year.

This has created a dangerous situation for all other SHA-256 cryptocurrencies. Bitcoin uses the SHA-256 hashing algorithm, so Bitcoin miners can mine other SHA-256 crypto but for the most part, choose not to since Bitcoin is the gold standard of crypto. Therefore, SHA-256 crypto have very low hash rates relative to Bitcoin, making them easy targets for 51% attacks. A 51% attack is when a malicious miner has more than 51% of the network hash rate, sends a transaction to a crypto exchange or merchant, and then mines another blockchain that overtakes the original blockchain, without recording the transaction. Essentially, a hacker can reverse a crypto transaction with a 51% attack.

While a 51% attack is essentially impossible for Bitcoin, other SHA-256 crypto have such low hash rates that a 51% attack is a real possibility. The biggest SHA-256 crypto besides Bitcoin is Bitcoin Cash with a hash rate of 4.7 EH/s, Unobtanium and Crown are close behind with 4 EH/s and 3.6 EH/s respectively. For even these major SHA-256 cryptocurrencies, it would only take 5-10% of the Bitcoin mining network to split off and start mining their blockchains to conduct a 51% attack. There is plenty of animosity between some Bitcoin and Bitcoin Cash supporters, so a large Bitcoin mining firm could single-handedly ruin Bitcoin Cash’s reputation with a 51% attack.

The situation is even worse for the other SHA-256 cryptos, which all have hash rates less than 100 PH/s, and many have hash rates less than 1 PH/s. It would take a single Bitcoin miner with a decent farm to 51% attack these crypto.

 

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Cardano Price Analysis: ADA/USD Bullish Above $0.1400

Key Highlights ADA price popped higher and broke the $0.1330 resistance zone against the US Dollar (tethered). There was a break above a key contracting triangle with resistance near $0.1390 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move further higher and it could soon break

The post Cardano Price Analysis: ADA/USD Bullish Above $0.1400 appeared first on NewsBTC.

Key Highlights

  • ADA price popped higher and broke the $0.1330 resistance zone against the US Dollar (tethered).
  • There was a break above a key contracting triangle with resistance near $0.1390 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair is likely to move further higher and it could soon break the $0.1450 resistance.

Cardano price is placed in a bullish zone against the US Dollar and Bitcoin. ADA/USD is likely to accelerate above the $0.1450 and $0.1500 resistances in the near term.

Cardano Price Analysis

There was a decent support base formed above the $0.1250 level in cardano price against the US Dollar. The ADA/USD pair started a nice upside move and broke the $0.1300 and $0.1330 resistance levels. The upside move was strong as the price settled above the $0.1320 pivot level and the 100 hourly simple moving average. An intermediate low was formed at $0.1329 before the price climbed above the $0.1400 resistance.

During the upside, there was a break above a key contracting triangle with resistance near $0.1390 on the hourly chart of the ADA/USD pair. The pair traded as high as $0.1457 before correcting lower. It tested the 38.2% Fib retracement level of the last wave from the $0.1329 low to $0.1457 high. The pair remains supported on the downside near the $0.1400 level. Moreover, the 50% Fib retracement level of the last wave from the $0.1329 low to $0.1457 high at $0.1393 is also a strong support.

Cardano Price Analysis ADA USD

The chart indicates that the price is very likely to climb above the $0.1450 resistance in the near term. The next hurdle for buyers awaits near $0.1500, which could prevent gains. Overall, the current price action suggests more gains in ADA as long as the price is above $0.1400.

Hourly MACD – The MACD for ADA/USD is about to move back in the bullish zone.

Hourly RSI – The RSI for ADA/USD is moving higher and is positioned above the 50 level.

Major Support Level – $0.1400

Major Resistance Level – $0.1450

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