Day: August 9, 2018

Key Highlights

• Ripple price formed a decent support near $0.3200-0.3210 and recovered a few points against the US dollar.
• There is a short term declining channel forming with resistance near the $0.3450 level on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair could move a few points higher towards the $0.3500 and $0.3600 levels in the near term.

Ripple price is trading with a few positive signs against the US Dollar and Bitcoin. XRP/USD may perhaps recover higher if bulls continue to hold $0.3200.

Ripple Price Support

Yesterday, we saw how Ripple price managed to hold the $0.3199-0.3200 low against the US Dollar. The XRP/USD pair later started an upside move and recovered above the $0.3350 and $0.3400 resistance levels. There was even a break above the 23.6% Fib retracement level of the last major drop from the $0.4137 high to $0.3203 low. However, the upside move was capped by the $0.3550 and $0.3560 resistance levels.

Moreover, the 38.2% Fib retracement level of the last major drop from the $0.4137 high to $0.3203 low prevented upsides. The price is currently moving lower towards $0.3350. More importantly, there is a short term declining channel forming with resistance near the $0.3450 level on the hourly chart of the XRP/USD pair. It seems like the price is trading sideways above the $0.3200 level and it could make another recovery attempt. Should there be an upside break above the $0.3550 and $0.3600 resistance levels, the price could rise towards the $0.3670 level and the 100 hourly simple moving average.

Looking at the chart, ripple price is under pressure, but the $0.3200 support zone holds the key. Below this, the price will most likely tumble towards the $0.3000 level in the near term.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slowly moving in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is declined back below the 50 level.

Major Support Level – $0.3200

Major Resistance Level – $0.3600

The post Ripple Price Analysis: XRP/USD Rebounding Positively Above $0.32 appeared first on NewsBTC.

One of the giants of the cryptocurrency exchange game has given users a sneak peak at their latest offering. Binance CEO, Changpeng, Zhao presented a very rough version of the platform’s new decentralised exchange earlier today.

Binance DEX is Ahead of Schedule in Terms of Development

In a video posted to Twitter today, Changpeng Zhao, or CZ as he prefers to go by, spoke about the latest developments being made towards launching a Binance decentralised exchange, or DEX. The CEO was careful to stress that this was a “casual, pre-alpha demo” and that it would be wrong to expect too much at this early stage of the DEX’s evolution.

A first (rough, pre-alpha) demo of the Binance Decentralized Exchange (DEX), showing issuing, listing and trading of tokens. All cli based, no GUI yet. A small step for #BinanceChain, a big step for #binance. https://t.co/2aXkR0gclP

— CZ (not giving crypto away) (@cz_binance) August 9, 2018

That said, CZ was pleased to announce that the project was ahead of schedule. The CEO had only thought that such a raw demonstration would be available for the product a few months further down the line.

A decentralised exchange allows users to trade digital assets without a trusted, central intermediary. For many, such products represent the next evolution towards a fully decentralised crypto economy. Decentralised exchanges hope to address the inherent irony of being forced to use centralised platforms such as Binance, Coinbase, or Bittrex to trade between various digital assets that were created to take advantage of the robust security qualities of decentralised systems.

The Binance DEX is being created on the company’s own blockchain – the Binance chain. Using this chain, it will soon be possible for average users to create, list, and trade all manner of digital tokens amongst themselves. All this will be possible without the need of a middleman or custodian.

After a quick introduction, CZ gives the spotlight over to his team to demo the early stage decentralised exchange. They highlight the functions possible already on the product – creation of tokens, listing of tokens, and exchanging of tokens. At this stage of the project’s development, it’s only possible to interact with the exchange through a command-line interface. Of course, a GUI is planned in the future.

In concluding the work completed on the project so far, CZ states that there is still much to be done. However, he does cite the progress made as a “major milestone for the Binance chain” before going on to affirm that his “team is working on it very aggressively.”

Beneath the Twitter thread posted above, one observer asked what the future held for the current Binance exchange platform after the launch of the DEX. CZ answered simply:

“We will let the market decide.  I expect they will co-exist for some time.”

In the very short time that Binance has existed, the team has accomplished a great deal. They’ve managed to take the platform from ICO to being the largest cryptocurrency exchange by volume in less than 12 months. The year has also seen the exchange relocate their offices to the crypto-friendly European nation of Malta, as well as launching a new fee system to benefit high volume users.

Featured Image From Shutterstock

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Bitcoin Press Release: GEMERA, The long-awaited crypto-token backed 100% by Colombian emeralds, has announced that its pre-sale will go live on September 10th, with a 20% bonus for early participants.

August 2nd, 2018 – GEMERA is the only crypto-token backed by Colombian emeralds, whose purpose is to create a blockchain based platform to connect emerald producers and investors. This will provide a more transparent, democratic and accessible way for Individuals to invest in these gemstones.

Through the creation of crypto-tokens 100% backed by Colombian emeralds, GEMERA is offering an innovative and modern investment opportunity, which at the same time solves problems in the emerald’s value chain. Gemera addresses such issues as high costs for the investors and less income for the producers, caused by intermediaries. Through the token and platform, GEMERA eliminates the middleman, creating multiple benefits for both investors and producers.

The project has established an alliance with major Colombian emerald producers who provided emeralds that are already certified and stored in Malca-Amit facilities in Hong Kong. This stock will back part of the tokens issued during the pre-sale.

Indeed, for more than five centuries, Colombia has been the leading provider of high-quality emeralds and has become a reference for gemstone investors. Nowadays, more than 70% of the world’s market supplies of emeralds come from this country, and they are the most expensive per carat. Emeralds are becoming the most appreciated and valuable of all precious gemstones. For instance, according to Gemval (an organization of value reference and appraisal of gems), with figures of 1 February 2018, the price of rough emeralds has increased 135% since 2013.

GEMERA was founded by a group of Colombian emerald producers and entrepreneurs with knowledge and passion for the blockchain technology and the cryptocurrency industry.

GEMERA’s Pre-Sale

GEMERA’s pre-sale will take place from September 10th to October 24th. The token will be available at a base rate of 1 USD, and the participants will receive up to 20% bonus.

The Public Sale will take place from October 25th to December 12th, with a starting bonus of 10%.

For more information about GEMERA and its pre-sale visit – https://www.gemera.io
Read the GEMERA White Paper – https://src.gemera.io/src/GemeraWhitePaper.pdf
Check out the GEMERA One Pager – https://src.gemera.io/src/Gemera-One-Pager.pdf
Watch the Emerald Process Video on Vimeo – https://vimeo.com/253617416
Find GEMERA on Facebook – https://www.facebook.com/GemeraProject/
Follow GEMERA on Twitter – https://twitter.com/GemeraProject
Chat with the GEMERA team on Telegram – https://t.me/GemeraProject
Meet the team on LinkedIn – https://www.linkedin.com/company/gemera/
Read about GEMERA on Medium – https://medium.com/@gemeraproject

Media contact

Contact Name: Danny Arteaga, CMO
Email: [email protected]
Company: GEMERA

Youtube: https://www.youtube.com/watch?v=g3evxT0NHdQ

GEMERA is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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The Commonwealth Bank of Australia said it has been chosen by the World Bank Group to be the arranger of a bond, which will be issued via blockchain.

Bitcoin Press Release: At over US$100 billion, the global video game industry is constantly developing to further expand the possibilities and experiences for consumers worldwide. One exciting development, blockchain gaming, is poised to massively disrupt this industry on a global scale. Numerous critics and enthusiasts are suggesting that the fusion of blockchain technology and video games is the next generation of gaming. Among current blockchain gaming initiatives, XAYA is emerging as a flagship initiative.

August 2nd 2018, Malta – From the inventors of blockchain gaming with their successful Huntercoin project in 2013, XAYA (formerly Chimaera) is the conception of some of the top minds in both blockchain and gaming. It is a custom blockchain specifically for gaming that enables real-time, costless, and infinitely scalable gameplay in a trustless decentralised fashion. Gamers are empowered with complete ownership of their virtual characters and assets.

Mainnet is LIVE

With the XAYA mainnet, users have access to their asset wallets and integrated game wallets allowing them to register names and accounts to use across games that operate on XAYA.

XAYA’s first game, Treat Fighter will soon launch on mainnet. Developed by TrickyFast Studios, Treat Fighter is a strategy game where players carry out expeditions, collect resources, craft treats, and battle other players as they work to grow their candy armies and rise above the competition.

Although the mainnet is live, previous CHI purchases are not available until the coin sale has finished. Instead, all pre-sale participants will receive a placeholder amount of 50 coins (CHI) to start playing and registering their names. Additionally, users can sign up on the forums to receive free CHI to play with today. Through this approach, gameplay and other activities on the network remain fair to all.

Soccer Manager Crypto is on track to be released on XAYA by the end of the year. With over 50 million downloads, SMC is poised to become the most popular blockchain game instantly upon release.

Calling All Developers

With mainnet launched the project is ready to see activities from outside developers. Prior knowledge of Solidity or any other blockchain programming language is not required, making XAYA the simplest platform in the world for developing blockchain games. XAYA games can be coded in any language you wish. New and experienced developers alike are welcome to publish their own creations alongside the gaming studios already working on XAYA.

Upcoming Main Sale

Prior to the mainnet launch, XAYA’s private and public pre-sales have already concluded. However, the biggest sum of CHI will not be available until the main sale, which is scheduled to commence onAugust 29th for a duration of 6 weeks. This sale will be hosted on the Qryptos exchange platform.

To learn more or participate in the public sale visit their Website: https://xaya.io/
Meet the Team: https://www.linkedin.com/company/xaya-platform/
Chat with us on Telegram: https://t.me/xaya_en
Connect on Facebook: https://www.facebook.com/XAYAtech/
Follow us on Twitter – https://twitter.com/XAYA_tech

Media Contact
Contact Name: Ayalies
Contact Email: [email protected]

XAYA is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom

Telegram Alerts from BitcoinNews.com at https://t.me/bconews

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Bitcoin Price Key Highlights

• Bitcoin price continues to trend lower as it hit a roadblock at the top of its descending channel.
• Price could be setting its sights back on the support from here and the Fib extension tool shows the next support zones.
• Technical indicators also signal that a continuation of the selloff is likely in order.

Bitcoin price hit resistance at the top of its descending channel and a continuation of the downtrend could ensue from here.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse. The 100 SMA is also near the top of the descending channel to add to its strength as a ceiling in the event of another pop higher.

RSI is also on the move down so bitcoin price could follow suit until it hits oversold levels. Similarly stochastic is heading lower to also indicate that bearish pressure is present. This might be enough to take bitcoin to the next support zones marked by the Fibonacci extension tool.

The 38.2% extension is around the mid-channel area of interest at $6,250 while the 50% level is just close by at $6,125. The 61.8% level lines up with the $6,000 major psychological level while the 78.6% extension is closer to the channel support and longer-term lows at $5,800. The full extension is at $5,626.0.

BTCUSD Chart from TradingView

Bitcoin price made a bit of a bounce in the past 24 hours but this seemed to be a mere pullback from the slide that went on for the most part of the week. Although there have been a handful of positive developments, the current sentiment in the markets has made traders more sensitive to negative updates.

For one, the SEC announced its decision to delay the ruling on the SolidX/VanEck bitcoin ETF application to the end of September, right around the time it releases the decision on other applications it shelved.

The post Bitcoin (BTC) Price Watch: Downtrend Continuation or Reversal? appeared first on NewsBTC.

The ETH vs ETC debate began over a matter of principle regarding the immutability of the blockchain, as well as speculators and miners seeking an opportunity to profit from a forked chain. ETC has continued to survive and begun to thrive after the removal of a difficulty bomb which threatened to shut down the network entirely.

The Commonwealth Bank of Australia has received a mandate from the World Bank to create and issue a bond exclusively on a blockchain

Key Points

• Bitcoin cash price attempted a recovery above the $600 level against the US Dollar.
• There is a short-term ascending channel formed with support at $590 on the hourly chart of the BCH/USD pair (data feed from Kraken).
• The pair could move higher if it holds the $590 support and breaks the $620 resistance.

Bitcoin cash price is consolidating with tiny recoveries against the US Dollar. BCH/USD must break the $620 resistance to recover towards $650.

Bitcoin Cash Price Support

After trading as low as $656, bitcoin cash price started a minor upside move above $570 against the US Dollar. The BCH/USD pair managed to move above the $580 and $600 resistance levels. It also succeeded in breaking the 23.6% Fib retracement level of the last major drop from the $710 high to $565 low. However, the upside move faced a strong resistance near the $620 level.

The price is currently moving lower and is trading below the $600 level. It also broke the 23.6% Fib retracement level of the recent wave from the $565 low to $620 high. On the downside, there is a decent support formed near the $585-590 zone. Moreover, there is a short-term ascending channel formed with support at $590 on the hourly chart of the BCH/USD pair. The pair remains supported on dips near the $590, below which, sellers could gain control. The last low at $565 must hold declines if the price extends declines. If not, the next stop for sellers could be near the $550 level.

Looking at the chart, BCH price is showing a few positive signs above $590. However, a proper hourly close above the $620 resistance is needed for more gains. The next resistance above $620 is positioned near the $650 level.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is dipping below the 50 level.

Major Support Level – $590

Major Resistance Level – $620

The post Bitcoin Cash Price Analysis: BCH/USD Upsides Capped Near $620 appeared first on NewsBTC.

An influx of lightning apps are mostly silly, but they demo a serious point: the tech enables bitcoin to compete with traditional payment rails.