Rememberful Bitcoin News.
Mike Novogratz’s crypto merchant bank Galaxy Digital reports $134 million in losses in the first quarter of 2018
Mike Novogratz’s crypto merchant bank Galaxy Digital reports $134 million in losses in the first quarter of 2018
Bitcoin Cash is a blockchain that continues to have fractious relationships with other players in the crypto ecosystem. However, the network has remained true to its goal of delivering a fast, low-cost cryptocurrency — and BCH continues to be a top 5 c…
Bitcoin Cash is a blockchain that continues to have fractious relationships with other players in the crypto ecosystem. However, the network has remained true to its goal of delivering a fast, low-cost cryptocurrency — and BCH continues to be a top 5 crypto asset by market capitalization.
Professional consulting giant Accenture Global Solutions may be considering using blockchain technology to streamline shipping logistics.
Professional consulting giant Accenture Global Solutions may be considering using blockchain technology to streamline shipping logistics.
The South Carolina securities regulator removed cease-and-desist orders against two blockchain startups that allegedly sold unregistered securities
The South Carolina securities regulator removed cease-and-desist orders against two blockchain startups that allegedly sold unregistered securities
This month the Ethereum Foundation released another (python-esque) language, Vyper, to update the security of smart contracts. So what are the skills, languages and software needed for smart contract reading and writing and when does it make sense to c…
This month the Ethereum Foundation released another (python-esque) language, Vyper, to update the security of smart contracts. So what are the skills, languages and software needed for smart contract reading and writing and when does it make sense to contract your writing to a third party?
This month the Ethereum Foundation released another (python-esque) language, Vyper, to update the security of smart contracts. So what are the skills, languages and software needed for smart contract reading and writing and when does it make sense to c…
This month the Ethereum Foundation released another (python-esque) language, Vyper, to update the security of smart contracts. So what are the skills, languages and software needed for smart contract reading and writing and when does it make sense to contract your writing to a third party?
The CEO of the Chicago Mercantile Exchange said that the exchange will not introduce altcoin futures in the near future, citing volatility
The CEO of the Chicago Mercantile Exchange said that the exchange will not introduce altcoin futures in the near future, citing volatility
Regardless, Charlie Lee Bitcoin shill and consequence resurgence isn’t affecting Litecoin (LTC) in any way. Yes, there were occasions-for example July 24 bull candlestick that solidified our expectations. However, the fact that Litecoin (LTC) bull trails are going cold, it’s better to wait on the sidelines until after we see convincing gains above $90 in…
The post Litecoin (LTC) Technical Analysis: Litecoin Accumulates As Bulls Aim At $110 appeared first on NewsBTC.
Regardless, Charlie Lee Bitcoin shill and consequence resurgence isn’t affecting Litecoin (LTC) in any way. Yes, there were occasions-for example July 24 bull candlestick that solidified our expectations. However, the fact that Litecoin (LTC) bull trails are going cold, it’s better to wait on the sidelines until after we see convincing gains above $90 in line with our previous Litecoin trade plans.
There is nothing that fast tracks the success of any product-cryptocurrency or otherwise, than mass adoption. It all has to do with the network effect and the velocity in which users find value in a product. In our case, the Litecoin Foundation and Charlie Lee have been successful on making Litecoin a household name. In fact Litecoin is slowing becoming a perfect alternative for Bitcoin when it acts as a medium of exchange.
As the outcome of their strong social media campaign shows, the Litecoin Foundation has managed to convince several high level businesses and merchants to accept LTC as one of the many payment method. Straight from Cheap-Air to seven NASDAQ companies, LTC is undoubtedly finding a footing amongst merchants and it could even accelerate with development of Flexa.
Flexa describes itself as a “one-tap” mobile payment app that allow users to execute micro-transactions without having to route their payments through banks or card providers. With Flexa, one can simply load up the card with Litecoin, Bitcoin, ETH and BCH. The cool thing is that there is even no need to worry about the security of private keys as the app is secure.
Once loading happen, they can pay for service or merchandise using Litecoin or a combination of different cryptocurrencies at 35,000 merchants spread across the globe.
Technically, Litecoin (LTC) prices are in consolidation in a deep bear trend. And even while they move within this $20 trade range, LTC buyers are yet to break and close above week ending June 24 highs. Basically, what this means is that Litecoin (LTC) bulls are still confined within a climactic bear candlestick. By extension, sellers still overshadows Litecoin.
Even though there are chances of further appreciation just because the overall market sentiment is upbeat and Bitcoin is testing new highs, we need to see strong gains that would completely reverse week ending June 24 bear candlestick. That way we shall have a nice three bar reversal pattern-the Morning Star and increase our prospects of buys. Otherwise bears would still be overshadowing our Litecoin bullish expectations.
Like we said before, here we can see Litecoin (LTC) price action moving within a tight $20 range. Immediate resistance is at $90. While we are generally upbeat expecting gains because of the Litecoin-Bitcoin positive correlation, we need to see strong volume break outs above $90. That will hopefully trigger the next wave of Litecoin pressure retesting $110, our immediate resistance line.
On the flip side, sells below $70 would effectively water down our bullish expectations. That mean sellers would enter short on every pull back with eyes on $50 as laid out before.Before either of that happens, taking a neutral approach would be profitable. Nevertheless, odds are Litecoin bulls would edge higher and confirm July 24 price surge.
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 Litecoin (LTC) Technical Analysis: Litecoin Accumulates As Bulls Aim At $110 appeared first on NewsBTC.
News of EOSIO Block Producer agreement to increase on a yearly basis the size of network RAM is exciting for dApp developers and EOS holders. RAM-as we have seen-is a sensitive subject if we can relive recent debates. Aside from EOS, IOTA and Stellar Lumens (XLM) are registering decent gains while Litecoin and Tron retest…
The post IOTA, Litecoin, Stellar Lumens, Tron, EOS Technical Analysis: Stellar and IOTA add $800 million in the Last 24 Hours appeared first on NewsBTC.
News of EOSIO Block Producer agreement to increase on a yearly basis the size of network RAM is exciting for dApp developers and EOS holders. RAM-as we have seen-is a sensitive subject if we can relive recent debates. Aside from EOS, IOTA and Stellar Lumens (XLM) are registering decent gains while Litecoin and Tron retest important resistance lines.
At long last, there has been a ratification from EOS Block Producers allowing for expansion of available RAM. By all accounts, this is a reprieve and it something that the community desired all along. Remember, in the EOS network, RAM is treated as a commodity. Therefore, EOS is subject to supply-demand dynamics and that’s why it’s price continue to fluctuate.
Steep drop in RAM price over last 24 hrs! Is this because BPs are about to implement the gradual per-block RAM increase?#EOS #EOSIO @EOS_io pic.twitter.com/3PJ5u4yLKO
— EOS Weekly (@EOSWeekly) July 25, 2018
In recent times though, the price of opening accounts by dApp developers was simply untenable because in simple terms, RAM was unavailable. Majority of the RAM is reserved and it doesn’t make sense did there is small number of dApps running on the platform to warrant such resource blocking.
This news was supportive of price and so far, EOS is up three percent and following the path set by July 24 bullish candlestick. In line with our previous EOS trade plans, we shall begin initiating long trades once we see gains above $9, our immediate resistance line and July highs. Before then, and even if prices are some few cents shy of $9, we shall hold a neutral stand bearing in mind that we need convincing signals to trigger longs in this generally bearish trend.
The Litecoin Foundation and Charlie Lee are this coin’s figure heads. Now, as a stamp of approval, to say they are doing a wonderful job is an understatement. By forging on and advocating for Litecoin adoption and development, they are directly buoying LTC fledgling prices.
Inherently, Litecoin functions by complementing Bitcoin. The coin is purposely made to act as a medium of exchange, an alternative to fiat. So when we see more merchants using the coin, then we know Litecoin has the trust and supporters as Flexa see value in it. Flexa like many other crypto-fiat payment providers will allow loading of different coins including Litecoin for direct micro-payment at more than 35,000 outlets across the globe.
Price wise, LTC is oscillating from neutral to bullish. In reality, LTC is literally stable gaining less than one percent in the last day. While we expect market participants to push higher and confirm July 24 bulls, perhaps the most important thing Litecoin traders want to see is a high volume bullish break out above $90.
In previous Litecoin technical analysis, we said $90 is a minor but important resistance line which not only marks the upper limit of this one month accumulation but welcomes the next wave of Litecoin buyers once it is broken. Before the end of the week, we expect that to happen and as before, traders can begin buying Litecoin with stops at $80.
Clearly, Stellar Lumens is leading this alt coin recovery. Following last week’s bullish engulfing candlestick, we were expecting further gains this week. In line with our original Stellar Lumens (XLM) price analysis, my recommendation is to buy on dips. Concurrently, we should be executing trades according to that bullish break above of July 25. Safe stops would be at 30 cents with first targets at 50 cents.
Nothing much from Justin Sun and the Tron Foundation. The only thing is that TRX prices are recovering but are yet to close above 4 cents. At current spot rates, it’s up three percent and still trading within July 24 high low.
The thing is, we shall be net long TRX only when price action sync with our overall Tron (TRX) price technical analysis. We continue to assert that TRX is technically a sell until after there are convincing surges above July highs-4 cents.
This may happen today or at-most over the weekend some few days before their secret project goes live. Remember, if Justin Sun announces a “cheap” partnership as their secret project, TRX might tank below 3 cents. As such it would trigger shorts with targets at 2.5 cents as our previous Tron trade plan dictates.
It’s quickly emerging that IOTA is a leader in IoT. From the beginning, their overall objective has been to be a leader of M2M communication and AI. Most importantly, they want to shape the future of transport by making improving efficiency in data processing. According to IOTA, data is gold and they want to make good use of that. There recent partnership with Audi and on boarding of Anes to their advisory board reveals their intention.
In the meantime, IOTA is performance is worth noting. At current spot prices, IOTA is the second best performer gaining five percent. It is clearly rejecting further lower lows below 90 cents.
It’s along this vein that I recommend loading at current spot rates as we align with our IOTA price forecast. Safe stops will be at 90 cents with first targets at $2 and later $2.5. This way traders would take advantage of that double bar bullish reversal pattern of July 23 and 24.
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 IOTA, Litecoin, Stellar Lumens, Tron, EOS Technical Analysis: Stellar and IOTA add $800 million in the Last 24 Hours appeared first on NewsBTC.
Cryptocurrency mining has always attracted controversy. This is primarily because so many people only see the negative side in terms of electricity usage. China is slowly ending all ‘unofficial’ domestic Bitcoin mining operations, and the territory of Xinjiang Uyghur is the latest to be affected. Removing Illegal Bitcoin Mining Firms From China It is evident […]
Cryptocurrency mining has always attracted controversy. This is primarily because so many people only see the negative side in terms of electricity usage. China is slowly ending all ‘unofficial’ domestic Bitcoin mining operations, and the territory of Xinjiang Uyghur is the latest to be affected.
It is evident China is a very intriguing country when it comes to Bitcoin and cryptocurrencies. The country has taken major steps toward ending the trading of Bitcoin against the Chinese yuan. That effort, enforced by the PBoC, has been in place for quite some time now. It seems highly unlikely this trend will ever be reversed.
In recent times, the Chinese government has focused most of its attention on the area of Bitcoin mining. Most of China’s electricity supply is state-sponsored. As such, any individual using it for personal gain without approval from the government is considered to be running an illegal operation.
In the self-governing territory of Xinjian Uyghur, a few of those unofficial Bitcoin mining firms still exist. That will not be the case for much longer, as local officials recently made it clear that all of these illicit operations must shut down by August 30. The exact number of affected firms is a bit unclear at this stage.
Xinjiang Uyghur is so appealing to Bitcoin miners due to its cheap electricity rates and abundance of land. However, not every mining operation in this part of China has registered with the authorities. Abusing this region’s cheap electricity should not be allowed, and it seems the current crackdown is more than warranted.
Slowly but surely, China is getting rid of all Bitcoin mining operations. Although only the illicit ones are being targeted right now, there is a good chance all legitimate Bitcoin mining firms will be scrutinized in the future as well. China wants nothing to do with Bitcoin or other cryptocurrencies at this point in time, which may or may not be the right call in the long run.
It will be interesting to see whether these unofficial Bitcoin mining operations will move to a different country. There are plenty of other regions which welcome Bitcoin miners with open arms, and it is evident that more countries will follow this trend in the coming years. This business draws a lot of electricity, yet it also creates jobs and boosts local economies in the process.
The community decided to write Mastering Monero to guide you along this journey, whether you’re setting up your first wallet or curious about the ‘under the hood’ technical details. The first few chapters are written for anybody curious about why and how to use Monero; they contain easy-tounderstand explanations and examples, alongside instructions for practical use. Later chapters progress into more advanced topics, compiling information for developers who wish to build and contribute to the Monero project.
The community decided to write Mastering Monero to guide you along this journey, whether youâre setting up your first wallet or curious about the âunder the hoodâ technical details. The first few chapters are written for anybody curious about why and how to use Monero; they contain easy-tounderstand explanations and examples, alongside instructions for practical use. Later chapters progress into more advanced topics, compiling information for developers who wish to build and contribute to the Monero project.
Antigua and Barbuda’s Citizenship by Investment Program Act has been amended to now allow individuals to pay for its citizenship with Bitcoin or other cryptocurrencies. Previously, the only path to purchasing citizenship was by spending USD 100,000; this currently translates to just over BTC 12. To avoid any issues regarding market volatility, cryptocurrency payments would be …
The post Antigua Offers Citizenship for 12 Bitcoins appeared first on BitcoinNews.com.
Antigua and Barbuda’s Citizenship by Investment Program Act has been amended to now allow individuals to pay for its citizenship with Bitcoin or other cryptocurrencies.
Previously, the only path to purchasing citizenship was by spending USD 100,000; this currently translates to just over BTC 12. To avoid any issues regarding market volatility, cryptocurrency payments would be converted each day to USD to prevent any financial losses.
The legislative resolution was announced Monday by Hon Gaston Browne, the country’s Prime Minister and Minister of Finance & Corporate Governance & Public-Private Partnerships. Browne noted that the decision was made in order to simplify the citizenship process for those with cryptocurrency holdings, while also appealing to people across the globe because of the international nature of cryptocurrencies.
Speaking to Antigua’s parliament, Browne told the members that this decision would have the potential to greatly expand the number of individuals seeking citizenship, as he anticipated there were many people willing to make the purchase, but only via a direct cryptocurrency payment. By not accepting cryptocurrency payments, he argued, there would be people ”literally locked out of that market“.
The country’s Minister of Foreign Affairs, International Trade & Immigration, Everly Paul Chet Greene, has been vocal in arguing in favor of blockchain technology, saying its transparent nature could improve the nation’s banking sector and reputation as a tax haven. Antigua has struggled to move past its notoriety of being particularly susceptible to money laundering and other financial crimes.
This is also not the first crypto-friendly action of the country. In April 2017, legislation was passed that would allow citizens to pay for government services using Bitcoin. Greene at the time said that this decision would solidify the nation as a leader in its region, much in the same way Browne argued for citizenship costs be accepted in cryptocurrencies.
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Five major banks from each BRICS member state have agreed to conduct a joint study of blockchain tech implementation
Five major banks from each BRICS member state have agreed to conduct a joint study of blockchain tech implementation
The United States Securities and Exchange Commission (SEC) has rejected the Winklevosses’ latest attempt to list a bitcoin ETF. After having a proposal rejected last year, the Gemini exchange founders had hoped t…
The United States Securities and Exchange Commission (SEC) has rejected the Winklevosses’ latest attempt to list a bitcoin ETF. After having a proposal rejected last year, the Gemini exchange founders had hoped to secure their Winklevoss Bitcoin Trust on BATS Global Market’s BZX stock exchange with this latest attempt.
But BZX’s June filing was curbed in a 3-1 vote this Thursday, July 26, 2018. In filing for the ETF, BZX proposed a rule change with hopes that the new proposal would be accepted. The SEC, though, found that neither the filing nor its related rules change met the requirements of the Exchange Act and the commission’s existing guidelines:
“BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of the Exchange Act Section 6(b)(5), in particular the requirement that its rules be designed to prevent fraudulent and manipulative acts and practices,” a document outlining the SEC’s rationale reads.
According to the SEC’s document, BZX argues in its most recent proposal that the “geographically diverse and continuous nature of bitcoin trading makes it difficult and prohibitively costly to manipulate the price of bitcoin,” rendering it “generally … less susceptible to manipulation than the equity, fixed-income and commodity futures markets.”
The exchange further claims that “novel systems intrinsic to this new market provide unique additional protections that are unavailable in traditional commodity markets” and that its original proposal contained “traditional means of identifying and deterring fraud and manipulation.”
Ironically, the global nature of bitcoin’s unregulated market heavily influenced the SEC’s decision. The commission argues that the vast majority of bitcoin trading occurs outside of the United States’ regulatory purview. Given the vast, international scale of the market, there’s no way to guarantee investor protections against fraud and manipulation, the SEC claims.
In order to alleviate these concerns, BZX would need to “enter into surveillance-sharing agreements with, or hold Intermarket Surveillance Group membership in common with, at least one significant, regulated market relating to bitcoin” as“[s]uch agreements provide a necessary deterrent to manipulation because they facilitate the availability of information needed to fully investigate a manipulation if it were to occur.”
A surveillance-sharing agreement may have helped the Winklevosses’ odds, but since BZX “has not established that it has entered into, or currently could enter into, a surveillance-sharing agreement with a regulated market of significant size related to bitcoin,” the exchange cannot support its claims that it has sufficient measures in place to police manipulation.
The SEC goes on to stress that, while it finds BZX’s proposal doesn’t stack up with current legislation, “its disapproval does not rest on an evaluation of whether bitcoin, or blockchain technology more generally, has utility or value as an innovation or an investment.” This qualifier could indicate that the SEC may be receptive to a future bitcoin ETF if the right conditions are met and its host exchange can provide proof of sufficient market protections.
Winklevoss Bitcoin Trust aside, several additional proposals are waiting on the SEC’s review. VanEck and SolidX, the former of which has filed for ETFs in the past, teamed up for a fresh filing that was made public earlier this month. Direxion Asset Management has also put forth proposals for five separate ETFs, but the SEC has decided to postpone its decision on these filings until September 21, 2018. Bitwise Asset Management has submitted its own ETF filing for approval this year, as well.
This article originally appeared on Bitcoin Magazine.
Cryptocurrencies and digital assets all have a role to play in the world of remittances and money transfers. Stellar is making inroads in this regard thanks to a new partnership with TransferTo. It’s an important step in the right direction, and one that shows Stellar may be able to rival Ripple in the long run. […]
Cryptocurrencies and digital assets all have a role to play in the world of remittances and money transfers. Stellar is making inroads in this regard thanks to a new partnership with TransferTo. It’s an important step in the right direction, and one that shows Stellar may be able to rival Ripple in the long run.
Even in this day and age, international money transfers are still incredibly expensive. Regardless of where money is being sent to or from, it is evident that competition and cheaper fees are in high demand. The likes of MoneyGram and Western Union are entrenched in the financial sector, although their fees are still quite high, all things considered.
Considering that both companies are looking at using Ripple’s technology to make transfers cheaper, a lot of interesting changes are bound to happen. Ripple is not the only company targeting the financial sector in this regard, though, as Stellar is trying to do the exact same thing. Competition among digital asset firms is a good thing, as it gives service providers more options.
Stellar is slowly making inroads in this regard. Although its latest partnership is not with a household name like Western Union, TransferTo should not be underestimated. TransferTo is one of the companies exploring cross-border mobile payments in emerging markets. Its focus on real-time and low-cost transfers is in line with what Stellar is trying to achieve.
TransferTo’s Chief Customer Officer, Aik-Boon Tan, noted:
We always aim to be at the forefront of the payments industry, and by partnering with Stellar our goal is to trial the blockchain technology and scale our cross-border payment service to better serve our partners and reduce costs. This can enable our partners to better serve both the migrant workers sending money home and their families receiving it.
Any partner of Stellar.org will benefit from the additional network coverage provided by TransferTo. This should allow for cheaper and more efficient money transfers to 70+ countries. It is a very positive development for the remittance industry as a whole. Many regions rely on international money transfers for financial stability. If those money flows can be streamlined and made cheaper, interesting things are bound to happen eventually.
It is rather interesting to see Stellar compete with Ripple when it comes to international money transfers. A very interesting situation is created as a result of this new partnership, although it remains to be seen if and when any of Stellar’s functionality will be integrated into TransferTo. Revamping the financial sector will not happen overnight, but the current situation warrants some cautious excitement.
