Day: August 20, 2018

Bitcoin Press Release: Fusion of blockchain, ecology and space technologies is the next step of the civilization development —this is the main idea of Papusha Rocket Technology project creators.

August 11th, 2018. Moscow, Russia. The innovative installation, developed by famous Soviet and Russian scientist Anatoly Papusha and named PRT-1, was capable of doing what was previously unimaginable — converting practically unused oil production high-toxic waste into reusable products like gasoline, kerosene, diesel fuel and very valuable synthetic oil. Every inhabitant of our planet can not only take part in the global environmental project, but also get significant profit. Papusha Rocket Technology allows each person to earn money by helping the environment in any developed country.

Advanced Space Technologies Belong to Everyone

For the worldwide distribution of this technology the Papusha Rocket Technology Token Sale, which has no analogues in the world, was launched. By enlisting the support of the audience, project team can consequently reduce the amount of waste from the oil industry and solve one of the global problems of mankind!

“I believe the ICO format and decentralized ownership of the project’s tokens will allow the most rapid and qualitative solution of modern ecology and energy problems ”.

Anatoly Papusha, PRT development author

In PRT case, running the Token Sale is the most transparent and honest way to secure financing and development of the project. It is for this purpose that Papusha company released PRT token, which will be explained further. Main goal is decentralization the investments in the project so that the technology can be available worldwide and managed by its developers team, and not become the property of any government or investor.

How Exactly Does It Work?

Papusha Rocket Technology team have developed a transparent and effective scheme for the introduction of the project around the whole world: every country facing the problem of inefficient oil waste processing will be interested in the project.

The profit economy is simple and elegant:

The cost price of the very low-power installation PRT-2 is 450.000 $

Sale price starts at 950.000 $

Net profit from one installation PRT-2 is 500.000 $

Thus, having sold 6,200 PRT-2 units in 3 years, which is slightly more than 7% of the market’s needs, Papusha Rocket Technology team will spend 883 million dollars to re-buy tokens from the exchange. It will lead to the increase in PRT price up to 3,000 times!

Papusha Rocket Technology Token Sale Details

Start date of the crowdsale – August 22.

The total emission of the token is 100,000,000 PRT.

Hard Cap: 13 500 ETH.

The minimum contribution amount is just 100 PRT!

Anatoly Papusha gathered leading Russian scientists and academicians in the field of space technology, chemistry, economics and ecology around him. Apart from that, project team have dozens of experienced marketing and blockchain specialists, who work hard for the successful project development. More information about Papusha Rocket project team on the website and Whitepaper.

The team is sincerely believe that the pervasive introduction of Papusha Rocket Technology will be a triumph of decentralized economy and a new milestone in the ecology science.

Website and Tokensale: https://papusha.io/
Whitepaper: https://papusha.io/files/Whitepaper_ENG.pdf
Twitter: https://twitter.com/papushatech
Facebook: https://www.facebook.com/Papusha-Rocket-Technology-241396259943698
Telegram: https://t.me/prt_chat

Media Contact
Name: Petr Myachin
Email: [email protected]

Papusha 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.

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The post PR: Papusha Rocket Technology – World’s First ICO to Clean Up the Earth! appeared first on BitcoinNews.com.

Key Highlights

• Ripple price started a downside move from the $0.3550 swing high against the US dollar.
• There was a break below a crucial bullish trend line with support at $0.3375 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair tested the $0.3120 support and it is currently at a risk of more losses below $0.3100.

Ripple price declined below key supports against the US Dollar and Bitcoin. XRP/USD could correct higher, but it will most likely face sellers near $0.3350.

Ripple Price Resistance

After trading a few points above the $0.3500, Ripple price faced sellers against the US Dollar. The XRP/USD pair formed a short-term top near the $0.3533 and later it started a downside move. The price declined and broke the $0.3400 and $0.3300 support levels. There was also a close below the $0.3350 level and the 100 hourly simple moving average.

During the decline, there was a break below a crucial bullish trend line with support at $0.3375 on the hourly chart of the XRP/USD pair. A fresh intraday low was formed at $0.3120 before the price found support. It is currently correcting higher and is trading near the $0.3200 level. An initial resistance is the 23.6% Fib retracement level of the last major decline from the $0.3533 high to $0.3120 low. However, the most important resistance is near $0.3350 and the 100 hourly SMA. Moreover, the 50% Fib retracement level of the last major decline from the $0.3533 high to $0.3120 low is also near $0.3325 to act as a resistance.

Looking at the chart, ripple could correct higher towards $0.3300 and $0.3350, but it is likely to face sellers. On the downside, a break below $0.3120 might take the price towards $0.3000.

Looking at the technical indicators:

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

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

Major Support Level – $0.3000

Major Resistance Level – $0.3350

The post Ripple Price Analysis: Sell XRP/USD On Rallies Near $0.3350 appeared first on NewsBTC.

One of the largest privately held commercial banks in China has completed the issuance of securities worth $66 million via blockchain.

Key Highlights

• ETH price is under a lot of pressure as it broke the $290 and $285 supports against the US Dollar.
• There is a major bearish trend line in place with resistance at $282 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair traded as low as $268 and it is currently correcting higher towards the $285-290 resistance.

Ethereum price is under pressure against the US Dollar and bitcoin. ETH/USD broke key supports at $285, opening the doors for more losses.

Ethereum Price Decline

There was a sharp bearish reaction from the $307 swing high in ETH against the US Dollar. The ETH/USD pair started a crucial downside move and broke the $302 and $290 support levels. More importantly, there was a break and close below the $285 support and the 100 hourly simple moving average. The price even broke the $270 level to move into a bearish zone.

A low was formed at $268.18 before the price started an upside correction. An initial resistance is near the 23.6% Fib retracement level of the last drop from the $307 high to $268 low. However, there is a strong barrier near the $268-270 zone. There is also a major bearish trend line in place with resistance at $282 on the hourly chart of ETH/USD. If there is a break above the trend line, the next resistance is near the $287 level. It coincides with the 50% Fib retracement level of the last drop from the $307 high to $268 low. Therefore, if the price continues to move higher, it could face sellers near the $284-287 barrier.

Looking at the chart, ETH price has moved into a bearish zone below $285. On the downside, a break below the recent low of $268 will most likely clear the path for more losses towards $255.

Hourly MACD – The MACD is moving in the bullish zone.

Hourly RSI – The RSI is currently well below the 50 level.

Major Support Level – $268

Major Resistance Level – $284

The post Ethereum Price Analysis: ETH/USD Turned Bearish Below $285-290 appeared first on NewsBTC.

Interested in staying up to speed with the events that will impact crypto prices in the week ahead? Then bookmark Crypto Market Forecast for a curated weekly summary of forward-focused crypto news that matters

Ethereum Classic Price Key Highlights

• Ethereum Classic price looks ready to resume its slide after hitting resistance at an area of interest.
• Technical indicators are reflecting the presence of selling pressure that could take price down to the next support zones.
• The Fibonacci extension tool shows the potential downside targets from here.

Ethereum Classic price is resuming its slide after hitting resistance at a former support level and area of interest.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the downtrend is more likely to resume than to reverse. The gap between the moving averages is also widening to signal sustained bearish momentum, and the 100 SMA recently held as dynamic resistance.

Ethereum Classic price could aim for the first support zone at the 38.2% extension and swing low around $10.821. From there, stronger selling pressure could take it down to the 50% extension just below $10.000 or the 61.8% extension at $8.211. The 78.6% extension is at $6.353 and the full extension is near the $4.000 mark.

RSI is still heading lower to indicate that selling momentum is in play, but the oscillator is approaching oversold levels so exhaustion could be seen. Stochastic is also heading down and nearing oversold levels.

ETCUSD Chart from TradingView

Ethereum Classic price recently got a boost from its addition to Coinbase and Robinhood but it appears the enthusiasm is fading. It is joining its peers in sliding this week, likely giving up ground as investors return to take advantage of the gains in stocks and commodities.

Sentiment could continue to push cryptocurrencies around in the absence of any catalysts lined up. Ethereum Classic could take its cue from dollar demand, which is being driven by headlines related to trade and Turkey these days.

The post Ethereum Classic (ETC) Price Watch: Next Downside Targets appeared first on NewsBTC.

Bitcoin Price Key Highlights

• Bitcoin price broke below its ascending triangle consolidation to signal that more losses are in the cards.
• Price is finding a bit of support, though, so a pullback may be taking place from here.
• The Fibonacci retracement tool shows the next potential resistance levels, but technical indicators are signaling more gains.

Bitcoin price made a downside break from its triangle pattern and looks ready for a pullback before heading further down.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, there’s still a chance for the uptrend to resume and price to move back inside the triangle pattern.

However, the 200 SMA lines up with the 38.2% Fib at $6,360.50 to add to its strength as resistance and the 100 SMA coincides with the 61.8% Fib at $6,436.90. This is also near the broken triangle support, which might hold as resistance from here. A move past this level could lead to another test of the resistance at the swing high.

RSI already made it to oversold territory and is pulling back up to signal that buyers are returning while sellers take a break. Stochastic is also heading up to indicate a return in bullish momentum.

BTCUSD Chart from TradingView

Market Factors

Bitcoin price seems to be shedding its gains due to the improvement in risk appetite in global financial markets. The economic turmoil in Turkey is taking the backseat to the upcoming trade talks between the US and China, which many traders are hoping to get positive updates from.

One thing to keep in mind, though, is these are just low-level talks and there’s a low likelihood of any decisions being made. Worsening trade tensions could even lead to a return in risk aversion and dollar weakness, which might revive demand for bitcoin. Escalating troubles in Turkey could also boost bitcoin demand as people look for an alternative store of value.

The post Bitcoin (BTC) Price Watch: More Bears Waiting to Hop On appeared first on NewsBTC.

Experts discussed and debated blockchain applications in voting, media, as well as the future of ICOs at BlockShow Americas 2018

Regardless of this flat price action, chances are we might see a short term price recovery only if buyers drive prices above Aug 17 highs of $330 or there about. In the meantime though, Ethereum (ETH) is down two percent in the last day as the community receives with great expectation IE’s Bakkt and their effort to make crypto mainstream.

From the News

Earlier this month, International Exchange, the company which owns The New York Stock Exchange announced that they will be forming a new company Bakkt with the sole purpose of creating the lacking regulatory framework that facilitates fast price discovery as well as creating the infrastructure required for making trading, storing and spending of several high liquid cryptocurrencies as simple as possible.

We introduced Bakkt two weeks ago, and in her latest @Medium post our CEO looks ahead to an even busier fall https://t.co/T7RltAGp0k

— Bakkt (@Bakkt) August 20, 2018

It’s often the adoption part that is challenging when a new product is trying to break into the mainstream but once it does, it’s usually a new cycle of value creation that benefit the first investors. Bakkt consists of several traditional market leaders as Microsoft, Alan Howard, Galaxy Digital and several blockchain centric venture Capital firms and as they plan to launch on November this year, the group is receiving overwhelming support from the crypto community with some comparing their effort to those of early drivers of internet adoption as ICANN.

1. Today I am going to make a tweet storm explaining the history and state of Ethereum's Casper research, including the FFG vs CBC wars, the hybrid => full switch, the role of randomness, mechanism design issues, and more.

— Vitalik Non-giver of Ether (@VitalikButerin) August 16, 2018

In a bid to quash rumors that has been in the crypto world, Vitalik took to twitter explaining the genesis and objectives of Casper Labs, how the network plans to deal with long range attacks and how Friendly Finality Gadget (FFG) had better inbuilt designs that complies with other blockchains that adds finality guarantees.

Technical Analysis

Weekly Chart

Ethereum Weekly Chart by Trading View

Price wise, bears are in charge and after shedding four percent in the last week, it appears as if Ethereum sellers are syncing well with that break below pattern of week ending Aug 12.

Notice that that bearish engulfing candlestick anchors our current price projection and as per our previous Ethereum (ETH) trade plans, sellers are in charge and despite recent attempts of higher highs, it will be a tall order for buyers to muster enough momentum and print prices above $400.

In any case, last week’s bear candlestick confirms the break out pattern and as long as prices are not trading below last week’s highs at $330, we suggest taking shorts on every high in lower time frames.

Daily Chart

Ethereum Daily Chart by Trading View

Though we had a convincing three bar reversal pattern by close of Aug 17 that bull reversal pattern is yet to be confirmed and in real sense prices are oscillating within Aug 17 bullish engulfing high lows.

Technically, we shall retain a bearish projection a long as prices are trading below $400 and as it stands, today close shall define our short term trade trajectory.

If today’s candlestick close as a bear, then we shall take shorts from tomorrow with stops at $300 and first targets at $200.

However, should bulls drive prices higher then we recommend taking small size longs with stops at $280 and first targets at $400.

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 (ETH) Technical Analysis: Ethereum (ETH) Drops 4% Week Over Week appeared first on NewsBTC.

Researchers at the University of California–San Diego will receive more than $800,000 to develop a distributed ledger to store scientific data.