Day: June 5, 2019

Bitcoin Recovers From 2-Week Low But Price Outlook Remains Bearish

boss

View Bitcoin’s short-term outlook has turned bearish, courtesy of Tuesday’s UTC close below the 30-day average of price. A key daily and 3-day chart indicator is also indicating an end of the price rally from December lows. Hence, BTC’s $400 recovery from 2.5-week lows hit on Tuesday could be short-lived. Prices risk falling to $7,000 over the next few days. The hourly chart indicates the ongoing recovery may be extended to $8,000 before a potential slide toward $7,000. A UTC close above the 10-day price average at $8,383 is needed…

Bitcoin Recovers From 2.5-Week Lows But Price Outlook Remains Bearish

boss

View Bitcoin’s short-term outlook has turned bearish, courtesy of Tuesday’s UTC close below the 30-day average of price. A key daily and 3-day chart indicator is also indicating an end of the price rally from December lows. Hence, BTC’s $400 recovery from 2.5-week lows hit on Tuesday could be short-lived. Prices risk falling to $7,000 over the next few days. The hourly chart indicates the ongoing recovery may be extended to $8,000 before a potential slide toward $7,000. A UTC close above the 10-day price average at $8,383 is needed…

Why Decentralization Matters in the Crypto Republic

boss

On May 30, Tezos implemented the amendment Athens A, as the result of a voting process that involved its baker nodes (the Tezos equivalent of “miners”) from Feb. 28 to May 30. Although the actual relevance of the upgrade was quite small (see below), the Tezos community underlines that the test was a milestone. The smooth shift to Athens A indeed demonstrated the capability of Tezos to evolve without forking, thanks to the features of proposal/selection/voting/test/implementation this blockchain itself encompasses. On the very same day, another fast-growing young company backed…

Ripple Promises Higher Degree of Accuracy in XRP Volume and Sales Reporting

boss

Ripple, the company behind settlement-oriented crypto asset XRP, promised a higher degree of accuracy for XRP volumes and sales in a post published on June 3. In its announcement, Ripple cites recent reports about fake cryptocurrency trading volumes, such as the one recently released by United States-based asset manager Bitwise, which claims that 95% of bitcoin (BTC) trading volume is fake. However, a new report by Bitwise also claims that fake trading volumes by crypto exchanges do not impact bitcoin’s price. The firm promises to take steps to address these…

Bitcoin Price Analysis: BTC/USD Price Heading Towards $8,235

boss

Photo: QuoteInspector Key Highlights: Bitcoin price reversed at $7,600 level; the Bulls may take over Bitcoin market fully; the price is heading towards $8,235 level. BTC/USD Medium-term Trend: Bearish Resistance levels: $8,235, $9,398, $10,168Support levels: $7,600, $7,195, $6,856 Bitcoin price turned Bearish on the medium-term outlook. Bitcoin was consolidating on the dynamic support and resistance level last five days. The Bulls momentum was weak and the Bears prevailed over the bulls with the formation of strong massive bearish candle that broke down the Dynamic resistance and support level, passed through…

Bitcoin SV is a Scam but Binance May Be Centralizing Its Power

boss

Even though Bitcoin SV was among rare cryptocurrency that was actually rising, it seems that not everybody is sharing Craig Wright’s vision. In an interview with the YouTuber Hardcore Crypto, Ethereum co-founder Vitalik Buterin said he doesn’t find anything amusing in BSV calling it a “complete scam”. The Ethereum co-founder also spoke about decentralized exchanges and his worries that Binance is centralizing its power. Binance Delisting of BSV Was Interesting Vitalik Buterin said: “Obviously BSV is a complete scam, but the delisting from Binance – that was interesting. There’s arguments in…

Former Mt. Gox CEO Mark Karpeles to Serve as CTO of New Japanese Blockchain Venture

boss

Mark Karpeles — the former CEO of the now-defunct bitcoin (BTC) exchange Mt. Gox — has revealed he will serve as the chief technology officer of a new Japan-registered blockchain technology firm. The news was reported by Japanese daily newspaper The Mainchi on June 5. Speaking at the Foreign Correspondents’ Club of Japan earlier today, Karpeles reportedly declared his intention to make the country a global leader in blockchain technology by undertaking his new role as CTO of the new Tokyo-based firm, Tristan Technologies Co. Tristan Technologies reportedly plans to…

Securities Regulator Issues Suspension to Crypto Investment Firm, Associated Crypto

boss

Italy’s national securities regulator, La Commissione Nazionale per le Società e la Borsa (CONSOB), has issued a notice suspending investment firm Tessline and its cryptocurrency liracoin. The news was reported by Cointelegraph Italy on June 4. In its notice, CONSOB stated that a series of entities and websites affiliated with both Tessline and liracoin are ordered to terminate their violation of Article 18 of Italy’s Consolidated Law of Finance. According to a translation from the European Corporate Governance Institute, Article 18 stipulates statutory requirements for the provision of investment services…

Infamous Mt. Gox Villain Mark Karpeles Launches New Blockchain Venture

boss

By CCN: Mark Karpeles, disgraced CEO of the infamous Mt. Gox crypto exchange, has revealed new plans in the blockchain space. According to Associated Press, he will launch a new venture with a view to making Japan a “global leader in blockchain.” Karpeles was found guilty for manipulating data at Mt. Gox and handed a suspended sentence earlier this year. Now, he’s looking to dip his toes back in the water with a new blockchain business venture. Mark Karpeles: $450 million lost on his watch Karpeles shot to infamy in…

Binance CEO Turns Down Sun’s Offer to Join $4.5M Lunch with Warren Buffett

boss

Photo: Binance / Facebook After a mysterious week filled with teasers, the TRON CEO revealed that he won a lunch with the legendary Warren Buffet. As part of his winning $4.5 million bid for a lunch, Justin Sun can invite seven guests to accompany him. His preliminary picks were Litecoin’s Charlie Lee, Ethereum’s Vitalik Buterin, and Changpeng Zhao (CZ) of Binance. As we reported, Sun won the lunch in an auction towards the GLIDE charity. He revealed through Twitter that he placed a bid of $4.57 million to lunch with crypto-basher…