Day: September 15, 2018

Getting ahead of the cryptocurrency market volatility 

boss

How to trade the markets with the best results The cryptocurrency market has been experiencing its high volatility for some time now, this has caused some of the current biggest cryptocurrencies to have lost much of its fiat value. However some of the best precautions you can take is to keep your cryptocurrencies safe when not trading. The market has become somewhat of a wildlife scenario where there is so much competition between individual cryptocurrencies that most people have lost sight of the goal of decentralization. Keeping your cryptocurrencies safe…

Bringing Tech’s Benefits to the Inner City

boss

Common at ChainX: Bringing Tech’s Benefits to the Inner City September 15, 2018 by William Peaster As technological evolution abounds, so too should our focus on bringing the ensuing benefits to the underserved and downtrodden. So said the acclaimed Grammy-winning rapper Common, who, in his talk at 2018’s ChainXChange conference, emphasized “we owe it to the future […] to do good with what our abilities are.” Also see: ChainX Panel: Wozniak and Tone Vays On the Fintech Revolution Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts ‘We…

BTC/USD Upside Held Near $6500

boss

Bitcoin on Saturday crossed above the $6,500-mark but lacked further upside momentum near the psychological resistance. The BTC/USD kickstarted the day forming higher lows towards 6475-fiat. The Asian trading session witnessed consolidated action within a narrow range defined by 6520-fiat to the upside and 6477-fiat to the downside. A breakout action appeared only during the early European session when BTC/USD formed higher highs towards 6550-fiat. As the day matured, the pair also gained upside momentum towards 6572-fiat. Since establishing the intraday high, BTC/USD has been correcting towards the 6500-support. BTC/USD  Technical Analysis…

Bitcoin Hashpower Doubled Since May Despite 70% Correction

boss

Fundstrat, a Wall Street-based investment firm led by Tom Lee, reported that the hashpower of Bitcoin has doubled since May. “Despite BTC bear market, hashpower doubled since May to 57 EH/s – Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May ’18. Breakeven now $7300 ($5300 cash BE) vs. $6000 in May,” Sam Doctor at Fundstrat said. Exponential Increase in Mining Activity Since February, the valuation of the cryptocurrency market has fallen by more than 80 percent. Yet, mining activity in the…

Is The Bloom Off The Rose?

boss

Is the ICO bloom falling off of its rose? ICO funding has fallen to just over $300 million, taking it to where it was in May of 2017, researcher Autonomous Next reported. The fall in the crypto market’s capitalization could be pushing the trend, particularly Ethereum, the foundational platform for a large number of ICOs. Last month, Biswa Das, who operates BloomWater Capital, a cryptocurrency quantitative hedge fund, noted some investors were cashing out of ICO startups over concerns that the bear market will continue, Bloomberg reported. He said the…

Is Crypto Market Bottoming Out? Bitcoin Shows Stability at $6,500

boss

Earlier this week, the crypto market seemed to be initiating a strong corrective rally, as Bitcoin breezed past $6,500. However, in the past 24 hours, the crypto market demonstrated a slight decline in value from $204 billion to $198 billion, as small market cap cryptocurrencies and tokens struggled to maintain momentum. While the crypto market eventually recovered to $202 billion, the price movement of major cryptocurrencies on September 15 showed that the market is undergoing a bottoming out process, demonstrating volatility in the low price range. Bottoming Out As CCN…

How Sharding on The Ethereum Network Might Be Around the Corner

boss

From a crypto-trader’s point of view, the best digital asset to short in the past few days was Ethereum (ETH). The digital asset had many of its fans and HODLers grabbing onto their seats as they watched it systematically decline in value from $300 only two weeks ago, to levels below $171 three days ago. Many thought the decline was due to the general bear market, but few knew that the days of Ethereum’s dominance were numbered due to lack of solving the scalability issues on the network. This fact…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 14

boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital Capital Management, called a bottom in cryptocurrencies on September 13, while conversely the Chief Commercial Officer of BitPay, Sonny Singh believes that Bitcoin will resurge in 2019 but that altcoins “will never come…

Korea Customs Service Partners with Samsung SDS to Build Blockchain Customs Platform

boss

The Korea Customs Service has signed an agreement with Samsung SDS to deploy blockchain technology for its customs clearance system, according to a press release published September 14. Samsung SDS, the IT arm of electronics giant Samsung, will develop a blockchain-powered platform based on Nexledger, which will be used for export customs logistics services. Nexledger is a blockchain platform designed to provide an integrated solution to businesses looking to reduce expenses while managing digital financial transactions and data exchange. The new product is reportedly aimed at organizations active in export…

Tezos Foundation Announces Launch of Its Long-Awaited Mainnet

boss

The Swiss-based cryptocurrency project the Tezos Foundation has announced that its mainnet will be launched on Monday, according to a September 14 tweet. Have a great weekend, everyone, because mainnet arrives Monday! — Tezos Foundation (@TezosFoundation) September 14, 2018 On Monday, the beta period of the network will officially be over, as the protocol will become a full mainnet. Tezos introduced its beta network in June, calling the move an “inflection point” for the project. From that point on, users could begin validating blocks or “baking” after the first seven…