Elrond Network Enters Ropes in Easy2Stake as Infrastructure Partner for Elrond Mainnet
Internet economy and enterprise blockchain solutions network Elrond announced on Tuesday that it is collaborating with blockchain activator Easy2Stake. It stated that it has roped in Easy2Stake as an infrastructure partner for the Elrond Mainnet launch.
In a blog post shared on Medium by Elrond CIO Lucian Mincu, that the network is striving it to make it accessible to validators even with basic computer skills and entry-level hardware. Easy2Stake provides high-quality blockchain infrastructure solutions to organizations and is among the leading names in the segment. Liviu Nica, CEO of Easy2Stake said
“Adding Elrond to our staking services makes sense for a lot of reasons: the people, the tech, the economics. We’re happy to start this journey alongside our long-term partners.”
On the other hand, Elrond aims to achieve a 1000-fold cumulative improvement in throughput and execution speed. It is a scalability focused network that also has plans to achieve high efficiency and a secure mechanism. CEO Beniamin Mincu said,
“We have a long history of working with the E2S team. They have proven themselves in the PoS space and there is a solid layer of trust between us. We are excited to have them as launch partners.”
Internet economy and enterprise blockchain solutions network Elrond announced on Tuesday that it is collaborating with blockchain activator Easy2Stake. It stated that it has roped in Easy2Stake as an infrastructure partner for the Elrond Mainnet launch.
In a blog post shared on Medium by Elrond CIO Lucian Mincu, that the network is striving it to make it accessible to validators even with basic computer skills and entry-level hardware. Easy2Stake provides high-quality blockchain infrastructure solutions to organizations and is among the leading names in the segment. Liviu Nica, CEO of Easy2Stake said
“Adding Elrond to our staking services makes sense for a lot of reasons: the people, the tech, the economics. We’re happy to start this journey alongside our long-term partners.”
On the other hand, Elrond aims to achieve a 1000-fold cumulative improvement in throughput and execution speed. It is a scalability focused network that also has plans to achieve high efficiency and a secure mechanism. CEO Beniamin Mincu said,
“We have a long history of working with the E2S team. They have proven themselves in the PoS space and there is a solid layer of trust between us. We are excited to have them as launch partners.”
KardiaChain Enters Into Partnership With Indonesian Crypto Project Tokoin Global
Hybrid blockchain infrastructure solutions provider KardiaChain announced on Monday that it has entered in a partnership with Indonesia’s premier crypto project Tokoin Global. In the announcement on Twitter, it stated that they would have a mutual AMA in Tokoin Global Telegram chat on April 15.
KardiaChain is one of the first decentralized blockchain ecosystems focusing on interoperability and self-optimization. It provides hybrid blockchain solutions for enterprises and government organizations across the globe. On the other hand, Tokoin Global is an Indonesian crypto project that focuses on identity and other blockchain-based business solutions for MSMEs.
In an official blog post on Medium, KardiaChain stated that Tokoin Global shares the same vision as itself, which is offering equal opportunities and financial inclusion. It further stated,
“KardiaChain is a public blockchain platform focused on non-invasive interoperability with a strong exposure in Vietnam and SE Asia, working closely with governments and enterprises. KardiaChain works with major service providers (enterprises and government) to decentralise their existing solutions. KardiaChain’s Dual Node technology enables cross-chain communication between any public and/or private blockchains regardless of protocol.”
The collaboration will focus on four key cooperation areas, which include providing joint solutions by leveraging enterprise backgrounds of both networks, improving connections and adoption in Vietnam and Southeast Asia, providing joint consultancy and technical support for enterprises, and creating opportunities for future joint activities and projects that lead to technological innovation.
Hybrid blockchain infrastructure solutions provider KardiaChain announced on Monday that it has entered in a partnership with Indonesia’s premier crypto project Tokoin Global. In the announcement on Twitter, it stated that they would have a mutual AMA in Tokoin Global Telegram chat on April 15.
KardiaChain is one of the first decentralized blockchain ecosystems focusing on interoperability and self-optimization. It provides hybrid blockchain solutions for enterprises and government organizations across the globe. On the other hand, Tokoin Global is an Indonesian crypto project that focuses on identity and other blockchain-based business solutions for MSMEs.
In an official blog post on Medium, KardiaChain stated that Tokoin Global shares the same vision as itself, which is offering equal opportunities and financial inclusion. It further stated,
“KardiaChain is a public blockchain platform focused on non-invasive interoperability with a strong exposure in Vietnam and SE Asia, working closely with governments and enterprises. KardiaChain works with major service providers (enterprises and government) to decentralise their existing solutions. KardiaChain’s Dual Node technology enables cross-chain communication between any public and/or private blockchains regardless of protocol.”
The collaboration will focus on four key cooperation areas, which include providing joint solutions by leveraging enterprise backgrounds of both networks, improving connections and adoption in Vietnam and Southeast Asia, providing joint consultancy and technical support for enterprises, and creating opportunities for future joint activities and projects that lead to technological innovation.
Elrond Network Enters Ropes in Easy2Stake as Infrastructure Partner for Elrond Mainnet
Internet economy and enterprise blockchain solutions network Elrond announced on Tuesday that it is collaborating with blockchain activator Easy2Stake. It stated that it has roped in Easy2Stake as an infrastructure partner for the Elrond Mainnet launch.
In a blog post shared on Medium by Elrond CIO Lucian Mincu, that the network is striving it to make it accessible to validators even with basic computer skills and entry-level hardware. Easy2Stake provides high-quality blockchain infrastructure solutions to organizations and is among the leading names in the segment. Liviu Nica, CEO of Easy2Stake said
“Adding Elrond to our staking services makes sense for a lot of reasons: the people, the tech, the economics. We’re happy to start this journey alongside our long-term partners.”
On the other hand, Elrond aims to achieve a 1000-fold cumulative improvement in throughput and execution speed. It is a scalability focused network that also has plans to achieve high efficiency and a secure mechanism. CEO Beniamin Mincu said,
“We have a long history of working with the E2S team. They have proven themselves in the PoS space and there is a solid layer of trust between us. We are excited to have them as launch partners.”
Internet economy and enterprise blockchain solutions network Elrond announced on Tuesday that it is collaborating with blockchain activator Easy2Stake. It stated that it has roped in Easy2Stake as an infrastructure partner for the Elrond Mainnet launch.
In a blog post shared on Medium by Elrond CIO Lucian Mincu, that the network is striving it to make it accessible to validators even with basic computer skills and entry-level hardware. Easy2Stake provides high-quality blockchain infrastructure solutions to organizations and is among the leading names in the segment. Liviu Nica, CEO of Easy2Stake said
“Adding Elrond to our staking services makes sense for a lot of reasons: the people, the tech, the economics. We’re happy to start this journey alongside our long-term partners.”
On the other hand, Elrond aims to achieve a 1000-fold cumulative improvement in throughput and execution speed. It is a scalability focused network that also has plans to achieve high efficiency and a secure mechanism. CEO Beniamin Mincu said,
“We have a long history of working with the E2S team. They have proven themselves in the PoS space and there is a solid layer of trust between us. We are excited to have them as launch partners.”
Ontology to Collaborate with Storage Network Filecoin to Provide Storage Services to its Users
High-performance public blockchain Ontology announced on Tuesday that it is connecting with decentralized storage network Filecoin to provide storage services to its users. It further added that users would be able to send and receive files via hashes in the near future, using their ONT IDs.
Filecoin has been designed to store the most important information of its users and assures the utmost security and privacy. It aims to create a decentralized market for storage services, which, in fact, is one of the underserved segments in the industry. In a Medium post shared by Ontology, it stated that the Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It further added,
“With the existing Ontology technology, Ontology will integrate Filecoin Address and CID (Content Identifiers) to our decentralized identification protocol which is ONT ID to bridge Filecoin… As we all know, Web 3.0 is the next generation of the Internet which enables a smarter Internet and an easier life… Decentralized identity and distributed storage are the backbones of Web 3.0.”
The Singapore based decentralized identification solutions network also stated that Ontology and Filecoin are among the best in their respective segments, and hence, their collaboration could create tremendous breakthroughs, and form a large scale network effect which would prove beneficial for both the communities.
High-performance public blockchain Ontology announced on Tuesday that it is connecting with decentralized storage network Filecoin to provide storage services to its users. It further added that users would be able to send and receive files via hashes in the near future, using their ONT IDs.
Filecoin has been designed to store the most important information of its users and assures the utmost security and privacy. It aims to create a decentralized market for storage services, which, in fact, is one of the underserved segments in the industry. In a Medium post shared by Ontology, it stated that the Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It further added,
“With the existing Ontology technology, Ontology will integrate Filecoin Address and CID (Content Identifiers) to our decentralized identification protocol which is ONT ID to bridge Filecoin… As we all know, Web 3.0 is the next generation of the Internet which enables a smarter Internet and an easier life… Decentralized identity and distributed storage are the backbones of Web 3.0.”
The Singapore based decentralized identification solutions network also stated that Ontology and Filecoin are among the best in their respective segments, and hence, their collaboration could create tremendous breakthroughs, and form a large scale network effect which would prove beneficial for both the communities.
Chinese Central Bank Makes it Official: Digital Fiat Tests to Begin
The Chinese central bank, the People’s Bank of China (PBoC), has officially confirmed a number of digital currency testing reports – and has indicated that testing will soon begin in the country’s capital, Beijing.
The PBoC has also rushed to insist that a digital yuan rollout will not spark inflation in the Middle Kingdom.
The PBoC’s move was the bank’s first recognition of stories that have been circulating since late last year, claiming that two test sites – the cities of Shenzhen and Suzhou – had already been earmarked. Last week it emerged that two further cities, Xiongan and Chengdu, were now also part of the expanding digital yuan testbed.
The central bank’s announcement made via state-owned news agency CCTV, confirmed all four testbed sites, and went a step further, stating that “the site of the forthcoming Winter Olympics” – presumably Beijing’s Bird’s Nest national stadium and the Yanqing District of the capital – will also see digital yuan testing in the weeks ahead.
Media outlet UDN, however, claims that this could also incorporate Zhangjiakou, in Hebei Province, which will host some of the biggest showpiece snow events of the games.
The move is the clearest indication yet that the Chinese government hopes to have its digital currency up and running in time for the international flagship event – which will kick off in February 2022.
The PBoC urged the public to bear in mind that tests were still preliminary, and that an issuance had not yet been made.
A PBoC researcher told the news agency that the tests were still “closed” in nature, and added,
“Testing will not affect the commercial operation of government institutions. Nor will they affect existing fiat issuance and circulation systems, financial markets and economy. The effects will be contained within the testbed environment.”
As previously reported, the state-owned Agricultural Bank of China is believed to have rolled out a test wallet app for the digital yuan, which will be used to partially fund transport subsidies for public sector workers in the city of Suzhou in May.
The PBoC also confirmed that individuals and merchants will be able to carry out wallet-to-wallet transactions using the digital token – without the need for intermediary bank activities, and added that the token would be usable in “offline” scenarios.
The central bank added that to prevent “overselling” and any resulting inflation, participating institutions will be required to provide 100% reserve funds to the PBoC – in effect, underpinning the digital token with conventional fiat.
The Chinese central bank, the People’s Bank of China (PBoC), has officially confirmed a number of digital currency testing reports – and has indicated that testing will soon begin in the country’s capital, Beijing.
The PBoC has also rushed to insist that a digital yuan rollout will not spark inflation in the Middle Kingdom.
The PBoC’s move was the bank’s first recognition of stories that have been circulating since late last year, claiming that two test sites – the cities of Shenzhen and Suzhou – had already been earmarked. Last week it emerged that two further cities, Xiongan and Chengdu, were now also part of the expanding digital yuan testbed.
The central bank’s announcement made via state-owned news agency CCTV, confirmed all four testbed sites, and went a step further, stating that “the site of the forthcoming Winter Olympics” – presumably Beijing’s Bird’s Nest national stadium and the Yanqing District of the capital – will also see digital yuan testing in the weeks ahead.
Media outlet UDN, however, claims that this could also incorporate Zhangjiakou, in Hebei Province, which will host some of the biggest showpiece snow events of the games.
The move is the clearest indication yet that the Chinese government hopes to have its digital currency up and running in time for the international flagship event – which will kick off in February 2022.
The PBoC urged the public to bear in mind that tests were still preliminary, and that an issuance had not yet been made.
A PBoC researcher told the news agency that the tests were still “closed” in nature, and added,
“Testing will not affect the commercial operation of government institutions. Nor will they affect existing fiat issuance and circulation systems, financial markets and economy. The effects will be contained within the testbed environment.”
As previously reported, the state-owned Agricultural Bank of China is believed to have rolled out a test wallet app for the digital yuan, which will be used to partially fund transport subsidies for public sector workers in the city of Suzhou in May.
The PBoC also confirmed that individuals and merchants will be able to carry out wallet-to-wallet transactions using the digital token – without the need for intermediary bank activities, and added that the token would be usable in “offline” scenarios.
The central bank added that to prevent “overselling” and any resulting inflation, participating institutions will be required to provide 100% reserve funds to the PBoC – in effect, underpinning the digital token with conventional fiat.
Bitcoin Mining Difficulty Set For Biggest Jump Since Mid-September
After a historic crash in March and partial recovery, Bitcoin (BTC) mining difficulty is set to see its biggest jump since mid-September last year, threatening to push more miners out of the market less than three weeks before the BTC mining reward halving.
Another mining difficulty adjustment is expected to happen tomorrow, April 21. As it stands now, major Bitcoin mining pool BTC.com estimates that it will rise 8.56%, thus reaching 15.98 T, compared with 16.55 T it was before the crash. Two weeks ago, it increased by 5.8%.
This would be the largest jump the measure has seen since the adjustment on September 13, 2019, when that number was 10.38%. At the time, the difficulty stood at 11.89 T.
As a reminder, on March 26, the mining difficulty dropped a whopping 15.95% to 13.91 T, becoming the second-largest drop in the coin's history.
Meanwhile, hashrate, or the computational power of the Bitcoin network, is 114.98 EH/s, and it's nearing the all-time high of 118.40 EH/s it has seen in early March this year.
Mining difficulty follows the rise in hashrate, and the more miners there are competing amongst themselves, the higher the difficulty will be.
As previously reported, well-known Bitcoin analyst Willy Woo stated at the beginning of this month that he believes that miners will not be adding more sell pressure on BTC. Following the market crash, he explains, some miners capitulated, but only the strong ones remain now.
In either case, the long-awaited and much-discussed Bitcoin mining reward halving will inevitably affect miners, though in what way exactly remains to be seen. Following tomorrow's difficulty adjustments, there should theoretically be two more left until the next halving, which is excepted to happen on May 12.
BTC is currently (at 12:36 PM UTC) trading at USD 7,039. It is down by almost 3% in a day, trimming its weekly gains to less than 5%. The price is up by 14.5% in a month and almost 34% in a year.
After a historic crash in March and partial recovery, Bitcoin (BTC) mining difficulty is set to see its biggest jump since mid-September last year, threatening to push more miners out of the market less than three weeks before the BTC mining reward halving.
Another mining difficulty adjustment is expected to happen tomorrow, April 21. As it stands now, major Bitcoin mining pool BTC.com estimates that it will rise 8.56%, thus reaching 15.98 T, compared with 16.55 T it was before the crash. Two weeks ago, it increased by 5.8%.
This would be the largest jump the measure has seen since the adjustment on September 13, 2019, when that number was 10.38%. At the time, the difficulty stood at 11.89 T.
As a reminder, on March 26, the mining difficulty dropped a whopping 15.95% to 13.91 T, becoming the second-largest drop in the coin's history.
Meanwhile, hashrate, or the computational power of the Bitcoin network, is 114.98 EH/s, and it's nearing the all-time high of 118.40 EH/s it has seen in early March this year.
Mining difficulty follows the rise in hashrate, and the more miners there are competing amongst themselves, the higher the difficulty will be.
As previously reported, well-known Bitcoin analyst Willy Woo stated at the beginning of this month that he believes that miners will not be adding more sell pressure on BTC. Following the market crash, he explains, some miners capitulated, but only the strong ones remain now.
In either case, the long-awaited and much-discussed Bitcoin mining reward halving will inevitably affect miners, though in what way exactly remains to be seen. Following tomorrow's difficulty adjustments, there should theoretically be two more left until the next halving, which is excepted to happen on May 12.
BTC is currently (at 12:36 PM UTC) trading at USD 7,039. It is down by almost 3% in a day, trimming its weekly gains to less than 5%. The price is up by 14.5% in a month and almost 34% in a year.
Currency.com launched third series of BTC Brawl and Bulls’ Run challenge with a price pool up to 50 BTC. New rules, more opportunities and bonuses.
🏆 BTC Brawl is a challenge for the most profitable trader. Participants are divided into 3 leagues:
🔸League of Whales - trading volume of more than $1 million.
🔸League of Bulls - trading volume from $250 thousand to $1 million.
🔸League of Hamsters - trading volume from $1,000 to $250 thousand.
🏆 Bull’s Run is the challenge for the most active participants! Traders with the maximum number of points will get to the TOP 100:
🔸 Points are multiplied by 2 if you trade different types of tokenised assets every week: week 1 - commodities; week 2 - forex; week 3 - crypto; week 4 - stocks; week 5 - indices.
🔸 + 100 points if you trade 5 different asset types during one day.
🔸 + 1000 points if you trade 5 different asset types for 10 consecutive days.
🔸 + 1500 points if you have traded 5 different asset types for 15 consecutive days.
🔸 + 2000 points if you have traded 5 different asset types for 20 consecutive days.
🔸 + 100 points for a referred friend who has made at least one trade.
🔸 + 10 points for every $1 of trading commission.
🔸 + 5 points for every $1 of trading commission paid by your friend.
Join now and get a higher prize! The tournaments are held from April 20 to May 20! Tap for more details.
🏆 BTC Brawl is a challenge for the most profitable trader. Participants are divided into 3 leagues:
🔸League of Whales - trading volume of more than $1 million.
🔸League of Bulls - trading volume from $250 thousand to $1 million.
🔸League of Hamsters - trading volume from $1,000 to $250 thousand.
🏆 Bull’s Run is the challenge for the most active participants! Traders with the maximum number of points will get to the TOP 100:
🔸 Points are multiplied by 2 if you trade different types of tokenised assets every week: week 1 - commodities; week 2 - forex; week 3 - crypto; week 4 - stocks; week 5 - indices.
🔸 + 100 points if you trade 5 different asset types during one day.
🔸 + 1000 points if you trade 5 different asset types for 10 consecutive days.
🔸 + 1500 points if you have traded 5 different asset types for 15 consecutive days.
🔸 + 2000 points if you have traded 5 different asset types for 20 consecutive days.
🔸 + 100 points for a referred friend who has made at least one trade.
🔸 + 10 points for every $1 of trading commission.
🔸 + 5 points for every $1 of trading commission paid by your friend.
Join now and get a higher prize! The tournaments are held from April 20 to May 20! Tap for more details.
🔥 Meet thе new IEO 🔥
💥 Dear users, we are happy to announce a new IEO from Coinsbit - Secure Transaction Project!
🌈 ST PROJECT — is a unique project of network anonymity providing a new generation of decentralized network ecosystem that uses the principles of blockchain and advanced technology in cryptography for the protection of sensitive information.
📢 The Secure Transaction Project provides a transaction system where the number of options available to send cryptocurrencies is so large that it is almost infinite. A coin mix which involves anyone who agrees to participate in a transaction anonymity program and receive passive income from it.
💡Usage: STT will be used as an internal currency for the payment of special transactions on STT WALLET.
📊 Terms of participation:
💰 Price: 0.0000001 BTC
🔹 Min. Capitalization: 10 BTC
🔸 Max. Capitalization: 30 BTC
🔻 Min. Investment: 1000 STT
🔺 Max Investment: 10 000 000 STT
💲 Token amount: 300 000 000 STT
▫️ Tokens allocated for Staking: 180 000 000 STT
◾️ Total issue: 500 000 000 STT
💸 Available currencies: BTC, ETH, USD, EUR, LTC, USDT, RUB
🗓 IEO Launch date - 24.04.2020 at 11:00 GMT
❗️Please note! You need to complete KYC-verification in order to participate in IEO.
🚀 Stay tuned to get more updates and interesting information from Coinsbit!
#Coinsbit #IEO #STT
https://t.me/coinsbit_chat
💥 Dear users, we are happy to announce a new IEO from Coinsbit - Secure Transaction Project!
🌈 ST PROJECT — is a unique project of network anonymity providing a new generation of decentralized network ecosystem that uses the principles of blockchain and advanced technology in cryptography for the protection of sensitive information.
📢 The Secure Transaction Project provides a transaction system where the number of options available to send cryptocurrencies is so large that it is almost infinite. A coin mix which involves anyone who agrees to participate in a transaction anonymity program and receive passive income from it.
💡Usage: STT will be used as an internal currency for the payment of special transactions on STT WALLET.
📊 Terms of participation:
💰 Price: 0.0000001 BTC
🔹 Min. Capitalization: 10 BTC
🔸 Max. Capitalization: 30 BTC
🔻 Min. Investment: 1000 STT
🔺 Max Investment: 10 000 000 STT
💲 Token amount: 300 000 000 STT
▫️ Tokens allocated for Staking: 180 000 000 STT
◾️ Total issue: 500 000 000 STT
💸 Available currencies: BTC, ETH, USD, EUR, LTC, USDT, RUB
🗓 IEO Launch date - 24.04.2020 at 11:00 GMT
❗️Please note! You need to complete KYC-verification in order to participate in IEO.
🚀 Stay tuned to get more updates and interesting information from Coinsbit!
#Coinsbit #IEO #STT
https://t.me/coinsbit_chat
Telegram
Coinsbit CryptoExchange
LISTING&IEO: @Coinsbit_Listing
Partnership: @Coinsbit_Partners
OTC: otc@coinsbit.io
User support: support@coinsbit.io
Partnership: @Coinsbit_Partners
OTC: otc@coinsbit.io
User support: support@coinsbit.io
Ripple CEO Says Social Media Companies Have Failed to Police their Platforms
Crypto scammers on social media have been a big problem for the industry, and Ripple CEO Brad Garlinghouse has had enough of those impersonators. Last month, he had exposed a fake YouTube channel impersonating him, which unfortunately had over 230,000 subscribers. Garlinghouse took a dig at social media companies for not doing enough to police their platforms and tweeted a thread on Tuesday. He stated that imposter giveaway scams are entirely preventable and that even though hundreds of people have been hurt by these scams, big tech companies continue to “drag their feet.”
In the second tweet of the thread, Garlinghouse informed that he and Ripple are taking legal action against YouTube (owned by Google) because the platform has been the epicenter for imposter scams. He further added that YouTube has done next to nothing even after constant takedown requests from them.
“YouTube’s inertia is indicative of an industry-wide problem of a lack of accountability. Victims are forced to jump through hoops to report these scams, and oftentimes that doesn’t even work. In times like these, when consumers already feel vulnerable, it’s more important than ever to protect people from these rampant scams.”
In a separate tweet, Ripple stated that there’s a big need to protect the community members from fake giveaways and impersonations across social media platforms like YouTube, Facebook, Twitter, and more.
Ripple also posted a blog on its website on Tuesday, stating that it is taking legal action against YouTube to prompt an industry-wide behavior change and set the expectation of accountability. The lawsuit will ask the video content platform to be more aggressively proactive in identifying scams, remove these scams as quickly as possible once identified, and not to profit from such scams. It further added,
““Giveaway scam” is an industry term that relates to attempts to defraud money from unassuming consumers via social media impersonation, by convincing people that if they send money, they will receive more funds in return—typically through airdrop. These scams accurately impersonate individuals and companies, and are often spread through fake social media profiles.”
Crypto scammers on social media have been a big problem for the industry, and Ripple CEO Brad Garlinghouse has had enough of those impersonators. Last month, he had exposed a fake YouTube channel impersonating him, which unfortunately had over 230,000 subscribers. Garlinghouse took a dig at social media companies for not doing enough to police their platforms and tweeted a thread on Tuesday. He stated that imposter giveaway scams are entirely preventable and that even though hundreds of people have been hurt by these scams, big tech companies continue to “drag their feet.”
In the second tweet of the thread, Garlinghouse informed that he and Ripple are taking legal action against YouTube (owned by Google) because the platform has been the epicenter for imposter scams. He further added that YouTube has done next to nothing even after constant takedown requests from them.
“YouTube’s inertia is indicative of an industry-wide problem of a lack of accountability. Victims are forced to jump through hoops to report these scams, and oftentimes that doesn’t even work. In times like these, when consumers already feel vulnerable, it’s more important than ever to protect people from these rampant scams.”
In a separate tweet, Ripple stated that there’s a big need to protect the community members from fake giveaways and impersonations across social media platforms like YouTube, Facebook, Twitter, and more.
Ripple also posted a blog on its website on Tuesday, stating that it is taking legal action against YouTube to prompt an industry-wide behavior change and set the expectation of accountability. The lawsuit will ask the video content platform to be more aggressively proactive in identifying scams, remove these scams as quickly as possible once identified, and not to profit from such scams. It further added,
““Giveaway scam” is an industry term that relates to attempts to defraud money from unassuming consumers via social media impersonation, by convincing people that if they send money, they will receive more funds in return—typically through airdrop. These scams accurately impersonate individuals and companies, and are often spread through fake social media profiles.”
TRON is Now Available on Bidao Chain; Looks to Implement TRX as Collateral Asset
TRON will now be available on the Bidao Chain DeFi ecosystem, CEO Justin Sun tweeted on Monday. He further added that the ecosystem is secured by Chainlink price oracle and that the partnership will let TRX to be used as a collateral asset in the future.
Bidao announced its partnership via a blog post on its website, stating that it will implement TRON (TRX) as a collateral asset, which means that TRX can be locked up in CDPs to generate the BAI stablecoin, the native token of the Bidao ecosystem. It also said,
“Using TRX as collateral is very easy. At first, the TRX is locked up in the CDP. In return, the appropriate amount of BAI is generated and can be used freely by the CDP creator. To regain access to the locked TRX, the BAI has to be repaid to the system. This is simply done by a simple function call and sending back the BAI to the CDP. After that, the TRX are unlocked and can be transferred freely again by the CDP creator.”
Bidao is a dynamic blockchain ecosystem that is focused on promoting decentralized finance, which aims to create a robust network to support DeFi applications. The network uses two cryptocurrencies – an altcoin BID, and a stablecoin BAI.
TRON will now be available on the Bidao Chain DeFi ecosystem, CEO Justin Sun tweeted on Monday. He further added that the ecosystem is secured by Chainlink price oracle and that the partnership will let TRX to be used as a collateral asset in the future.
Bidao announced its partnership via a blog post on its website, stating that it will implement TRON (TRX) as a collateral asset, which means that TRX can be locked up in CDPs to generate the BAI stablecoin, the native token of the Bidao ecosystem. It also said,
“Using TRX as collateral is very easy. At first, the TRX is locked up in the CDP. In return, the appropriate amount of BAI is generated and can be used freely by the CDP creator. To regain access to the locked TRX, the BAI has to be repaid to the system. This is simply done by a simple function call and sending back the BAI to the CDP. After that, the TRX are unlocked and can be transferred freely again by the CDP creator.”
Bidao is a dynamic blockchain ecosystem that is focused on promoting decentralized finance, which aims to create a robust network to support DeFi applications. The network uses two cryptocurrencies – an altcoin BID, and a stablecoin BAI.
Ripple Contributes to Tipping Point Community for COVID-19 Relief
Popular poverty-focused NGO Tipping Point Community announced on Thursday that Ripple, among 14 other Bay Area companies, contributed to help it provide essential support and services during the Coronavirus lockdown. Other prominent names in the list include Goldman Sachs, BlackRock, Deloitte, and Pinterest.
The novel coronavirus has turned out to be the biggest pandemic the world has seen post-Spanish Flu that occurred over a century ago. As of date, COVID-19 has infected more than 2.7 million people in at least 210 countries, killing over 191,000. The global economy has been brought to a standstill, with almost the entire world is under partial or complete lockdown. Two of the biggest consumer markets, China and the US are severely hit, with the latter having witnessed deaths of over 50,000 citizens. India, another major consumer market, is under complete lockdown since March 24, which will continue at least till May 03, 2020.
In such dire times, the worst affected are the lower-income groups, who are left with little or no money to buy essential supplies like food and medicine.
“Tipping Point’s grantees connect with over 250,000 people annually, with most of these clients earning less than $32,000 a year. Demand for services has increased – and will likely skyrocket – as individuals and families struggle to get by due to loss of work and wages, increased need for childcare, inadequate health benefits, housing insecurity, and homelessness.”
Thanking Tipping Point for its efforts, Brad Garlinghouse, co-founder and CEO of Ripple, tweeted that COVID-19 is disproportionately impacting low-income groups since they have limited access to resources.
Popular poverty-focused NGO Tipping Point Community announced on Thursday that Ripple, among 14 other Bay Area companies, contributed to help it provide essential support and services during the Coronavirus lockdown. Other prominent names in the list include Goldman Sachs, BlackRock, Deloitte, and Pinterest.
The novel coronavirus has turned out to be the biggest pandemic the world has seen post-Spanish Flu that occurred over a century ago. As of date, COVID-19 has infected more than 2.7 million people in at least 210 countries, killing over 191,000. The global economy has been brought to a standstill, with almost the entire world is under partial or complete lockdown. Two of the biggest consumer markets, China and the US are severely hit, with the latter having witnessed deaths of over 50,000 citizens. India, another major consumer market, is under complete lockdown since March 24, which will continue at least till May 03, 2020.
In such dire times, the worst affected are the lower-income groups, who are left with little or no money to buy essential supplies like food and medicine.
“Tipping Point’s grantees connect with over 250,000 people annually, with most of these clients earning less than $32,000 a year. Demand for services has increased – and will likely skyrocket – as individuals and families struggle to get by due to loss of work and wages, increased need for childcare, inadequate health benefits, housing insecurity, and homelessness.”
Thanking Tipping Point for its efforts, Brad Garlinghouse, co-founder and CEO of Ripple, tweeted that COVID-19 is disproportionately impacting low-income groups since they have limited access to resources.
HyperDAO Adopts Chainlink as the Oracle Solution to Support Its High-end Decentralized Initiatives
The two integrating firms will put in their joint efforts to lay the foundation of a collateral-pegged stablecoin, decentralized exchanges, crowdfunding services, asset management services, add stop-limit order functions, aid in the calculation of interest rates, and many more significant tasks. Amongst the wide range of oracle solutions available in the market presently, HyperDAO chose Chainlink because of the firm’s global reputation as a leading provider of premium services focused on security. The oracle network will render the HyperDAO platform with a robust channel for sourcing and delivering off-chain data to the latter’s DeFi network in a decentralized manner.
HyperDAO’s collateral-pegged stablecoin, HDAO, is the driving force of the entire decentralized ecosystem. The protocol allows users to get stablecoin loans by placing digital assets as collateral in exchanges for a suite of multiple fiat-powered digital stablecoins such as Hyper-USD, Hyper-EUR, Hyper-CNY, etc. The platform offers a higher rate of interest in comparison to traditional savings products. Now, to attain stability, HyperDAO’s stablecoin project requires consistent and correct pricing data for the enforcement of liquidation ratios. The liquidation ratios help to safeguard the collateral pool against the plummeting prices. For every liquidation, HyperDAO aims to source market prices from Chainlink Price Reference Contracts to check if the user’s present collateral value is less than the liquidation value.
It aims to use the existing Chainlink Price Reference Contracts as reliable price feeds to execute a variety of stop-loss orders on HyperDAO’s DEX. HyperDAO supports crowdfunding on its platform using HDAO token and has offered financial aid to more than 70 blockchain projects up until now. The fastest crowdfunding initiative from HyperDAO, which raised 20,000 ETH, was concluded in 37 seconds. Sometimes, it becomes difficult for the platform to determine when the target is reached in real-time. By using Chainlink, HyperDAO aspires to eliminate any such loopholes while providing reliable price streams to pool in more money during crowdfunding rounds. Also, the reliable data from Chainlink will help the HyperDAO customers to rest assured while using the services of the firm’s decentralized digital banking network.
“HyperDAO prides itself on being a market-leading, one-stop-shop provider for decentralized financial services. A critical component to realizing this vision is a robust oracle network that can securely and reliably access highly accurate off-chain data and deliver it on-chain. Chainlink is the only oracle network that’s proven its ability to secure high-quality data live on mainnet, making it the perfect go-to oracle solution for HyperDAO. By integrating with Chainlink, we are confident that we can move to the next stage of development and bring fully integrated DeFi products to the global market,” stated Jayden Wei, Co-founder and Chief of Strategy at HyperDAO.
The two integrating firms will put in their joint efforts to lay the foundation of a collateral-pegged stablecoin, decentralized exchanges, crowdfunding services, asset management services, add stop-limit order functions, aid in the calculation of interest rates, and many more significant tasks. Amongst the wide range of oracle solutions available in the market presently, HyperDAO chose Chainlink because of the firm’s global reputation as a leading provider of premium services focused on security. The oracle network will render the HyperDAO platform with a robust channel for sourcing and delivering off-chain data to the latter’s DeFi network in a decentralized manner.
HyperDAO’s collateral-pegged stablecoin, HDAO, is the driving force of the entire decentralized ecosystem. The protocol allows users to get stablecoin loans by placing digital assets as collateral in exchanges for a suite of multiple fiat-powered digital stablecoins such as Hyper-USD, Hyper-EUR, Hyper-CNY, etc. The platform offers a higher rate of interest in comparison to traditional savings products. Now, to attain stability, HyperDAO’s stablecoin project requires consistent and correct pricing data for the enforcement of liquidation ratios. The liquidation ratios help to safeguard the collateral pool against the plummeting prices. For every liquidation, HyperDAO aims to source market prices from Chainlink Price Reference Contracts to check if the user’s present collateral value is less than the liquidation value.
It aims to use the existing Chainlink Price Reference Contracts as reliable price feeds to execute a variety of stop-loss orders on HyperDAO’s DEX. HyperDAO supports crowdfunding on its platform using HDAO token and has offered financial aid to more than 70 blockchain projects up until now. The fastest crowdfunding initiative from HyperDAO, which raised 20,000 ETH, was concluded in 37 seconds. Sometimes, it becomes difficult for the platform to determine when the target is reached in real-time. By using Chainlink, HyperDAO aspires to eliminate any such loopholes while providing reliable price streams to pool in more money during crowdfunding rounds. Also, the reliable data from Chainlink will help the HyperDAO customers to rest assured while using the services of the firm’s decentralized digital banking network.
“HyperDAO prides itself on being a market-leading, one-stop-shop provider for decentralized financial services. A critical component to realizing this vision is a robust oracle network that can securely and reliably access highly accurate off-chain data and deliver it on-chain. Chainlink is the only oracle network that’s proven its ability to secure high-quality data live on mainnet, making it the perfect go-to oracle solution for HyperDAO. By integrating with Chainlink, we are confident that we can move to the next stage of development and bring fully integrated DeFi products to the global market,” stated Jayden Wei, Co-founder and Chief of Strategy at HyperDAO.
Big Four Accounting Firm EY Adopts Ethereum for Enterprise-Focused Solution
One of the world’s big four accounting firms Ernst & Young (EY) has just disclosed that it is working on the public Ethereum space to developed an enterprise-focused solution.
EY made the proclamation during an online conference tagged EY Global Blockchain Summit 2020 I Going Public, staged towards changing the prejudice negative thought of engineers and product owners about blockchain technology.
The over 50 audiences of the three-day conference were fed with the latest blockchain initiatives of the accounting firm, and the collaboration it has established with top companies like Microsoft MSFT and DELL Technologies DELL to ensure the realization of its idea.
Ernst & Young is working on the Ethereum blockchain network to design a system fashioned towards empowering enterprise.
Skepticism by senior executives at Fortune 500 company boardrooms around the fact that enterprise could use a public blockchain network may be changing due to the initiative of Ernst & Young, Forbes has said.
The Global Blockchain Leader at the company, Paul Brody, explained during the event that the public blockchain network has the capacity of offering Fortune 500 companies their needed upside, unlike private blockchains.
Brody also explained that EY, on its path to developing its enterprise-focused solution, has been able to accomplish EY OpsChain and EY Blockchain Analyzer, confirming that the company has more to do.
Moving from the private blockchain to public networks helps eradicate the problem of vendor-consortia lock-in. This, Brody explained, helps reduce the total cost of ownership (TCO) and effective scale in-network without requiring R&D department.
Also, the new initiative would make enterprises feel more comfortable with entrusting their private data and assets with the blockchain network.
Brody said EY has been working on the initiative, Baseline, since the past month, and it has received support from Microsoft and ConsenSys.
Baseline lets enterprises connect together by leveraging Ethereum network without exposing sensitive and private information.
“This is possible by replacing the actual data with mathematical proofs of that data based on cryptography methods called zero-knowledge proofs,” Forbes claims.
Baseline initiative is also supported by top blockchain companies like MakerDAO and Chainlink, among others.
One of the world’s big four accounting firms Ernst & Young (EY) has just disclosed that it is working on the public Ethereum space to developed an enterprise-focused solution.
EY made the proclamation during an online conference tagged EY Global Blockchain Summit 2020 I Going Public, staged towards changing the prejudice negative thought of engineers and product owners about blockchain technology.
The over 50 audiences of the three-day conference were fed with the latest blockchain initiatives of the accounting firm, and the collaboration it has established with top companies like Microsoft MSFT and DELL Technologies DELL to ensure the realization of its idea.
Ernst & Young is working on the Ethereum blockchain network to design a system fashioned towards empowering enterprise.
Skepticism by senior executives at Fortune 500 company boardrooms around the fact that enterprise could use a public blockchain network may be changing due to the initiative of Ernst & Young, Forbes has said.
The Global Blockchain Leader at the company, Paul Brody, explained during the event that the public blockchain network has the capacity of offering Fortune 500 companies their needed upside, unlike private blockchains.
Brody also explained that EY, on its path to developing its enterprise-focused solution, has been able to accomplish EY OpsChain and EY Blockchain Analyzer, confirming that the company has more to do.
Moving from the private blockchain to public networks helps eradicate the problem of vendor-consortia lock-in. This, Brody explained, helps reduce the total cost of ownership (TCO) and effective scale in-network without requiring R&D department.
Also, the new initiative would make enterprises feel more comfortable with entrusting their private data and assets with the blockchain network.
Brody said EY has been working on the initiative, Baseline, since the past month, and it has received support from Microsoft and ConsenSys.
Baseline lets enterprises connect together by leveraging Ethereum network without exposing sensitive and private information.
“This is possible by replacing the actual data with mathematical proofs of that data based on cryptography methods called zero-knowledge proofs,” Forbes claims.
Baseline initiative is also supported by top blockchain companies like MakerDAO and Chainlink, among others.
Binance Coin (BNB) Turns Bullish After Hitting 90-Day Low Around $6
-Binance Coin has been witnessing an overall bearish trend since the last year
-After hitting a low at $6.4, BNB/USD registered strong recovery and crossed previous resistance $14
-Currently, the coin persists the upside trendline, and hence, it may soon rise as high as $20 over the next few weeks
After dwindling for a major part of the last one year, Binance Coin has reflected decent progress recently. It currently trades over $16, and the trajectory is likely to grow a bit further.
BNB coin price was at its best on June 22, 2019, when it was at a high of $43.32. Since then, it has been rolling down fiercely, and by mid-October, the currency marked a tremendous fall of more than 65% and touched a low of $14.81. Though it took the recovery path for some weeks, it ended the year 2019 on a bearish note.
However, the initial two months of 2020 were bullish for the Binance Coin, and it went on to touch $27.25 by February 12. The momentum was not a long-standing one, and it faced rejection above $27. Further, the BNB price trimmed to the lowest point of the ongoing year at $6.41 by March 13. Fortunately, after this immense fall, the currency started trading upwards, and today, it spotted at $16.47.
Binance Coin’s MACD indicator reflects a bullish signal as the MACD line overpowers the Signal line. As per the current upward momentum, the coin might persist the upside trendline and cross the key resistance $21 in the upcoming weeks.
Binance Coin Price Analysis:
-Binance Coin has been witnessing an overall bearish trend since the last year
-After hitting a low at $6.4, BNB/USD registered strong recovery and crossed previous resistance $14
-Currently, the coin persists the upside trendline, and hence, it may soon rise as high as $20 over the next few weeks
After dwindling for a major part of the last one year, Binance Coin has reflected decent progress recently. It currently trades over $16, and the trajectory is likely to grow a bit further.
BNB coin price was at its best on June 22, 2019, when it was at a high of $43.32. Since then, it has been rolling down fiercely, and by mid-October, the currency marked a tremendous fall of more than 65% and touched a low of $14.81. Though it took the recovery path for some weeks, it ended the year 2019 on a bearish note.
However, the initial two months of 2020 were bullish for the Binance Coin, and it went on to touch $27.25 by February 12. The momentum was not a long-standing one, and it faced rejection above $27. Further, the BNB price trimmed to the lowest point of the ongoing year at $6.41 by March 13. Fortunately, after this immense fall, the currency started trading upwards, and today, it spotted at $16.47.
Binance Coin’s MACD indicator reflects a bullish signal as the MACD line overpowers the Signal line. As per the current upward momentum, the coin might persist the upside trendline and cross the key resistance $21 in the upcoming weeks.
Binance Coin Price Analysis:
Wombat Joins Hands With EOS Offspring, the Telos Foundation
Blockchain-based gaming wallet Wombat announced on Monday that it had joined hands with the Telos Foundation, an EOS network offspring focused at futuristic decentralized network solutions. In the official announcement on Twitter, Wombat stated that it was going multi-chain with Telos and that their joint resources would allow them to introduce innovative blockchain gaming technology.
In an official announcement on Medium Wombat stated that the collaboration would provide access to its users to a free Telos account. Commenting on these recent developments, Telos CPO Justin Giudici said,
“We’re so excited to welcome Wombat as a preferred wallet to Telos. They’ve really pushed the boundaries when it comes to UX and ease of use for the EOS ecosystem and will enable rapid growth for us, too.”
Berlin-based Wombat is one of the fastest-growing digital wallets based on the EOS network, having over 80,000 users from more than 169 countries. Millions of transactions have been executing through their Android, iOS, and Chrome extension. It is a crypto-blockchain based gaming platform, which also allows EOS users to store their digital assets.
Telos network, on the other hand, recently started onboarding games like Angry Warlord, which will also be available to play through Wombat. In the official post, Wombat said,
“We’ve worked with the amazing people at Telos Foundation to bring each Wombat user a free Telos account in addition to the EOS accounts we already provide. Together with the Telos Foundation, we want to bring the next 1 million blockchain users to both Telos and EOS.”
Blockchain-based gaming wallet Wombat announced on Monday that it had joined hands with the Telos Foundation, an EOS network offspring focused at futuristic decentralized network solutions. In the official announcement on Twitter, Wombat stated that it was going multi-chain with Telos and that their joint resources would allow them to introduce innovative blockchain gaming technology.
In an official announcement on Medium Wombat stated that the collaboration would provide access to its users to a free Telos account. Commenting on these recent developments, Telos CPO Justin Giudici said,
“We’re so excited to welcome Wombat as a preferred wallet to Telos. They’ve really pushed the boundaries when it comes to UX and ease of use for the EOS ecosystem and will enable rapid growth for us, too.”
Berlin-based Wombat is one of the fastest-growing digital wallets based on the EOS network, having over 80,000 users from more than 169 countries. Millions of transactions have been executing through their Android, iOS, and Chrome extension. It is a crypto-blockchain based gaming platform, which also allows EOS users to store their digital assets.
Telos network, on the other hand, recently started onboarding games like Angry Warlord, which will also be available to play through Wombat. In the official post, Wombat said,
“We’ve worked with the amazing people at Telos Foundation to bring each Wombat user a free Telos account in addition to the EOS accounts we already provide. Together with the Telos Foundation, we want to bring the next 1 million blockchain users to both Telos and EOS.”
Bitcoin and Altcoins Correct But Uptrend Looks Intact
👉Bitcoin price corrected lower sharply from the USD 9,500 resistance.
👉Ethereum declined from USD 228 to USD 205 and XRP is back below USD 0.220.
👉HIVE, NMR, CKB, and CRO are down more than 10%.
Yesterday, there was a significant rally in bitcoin above USD 8,500 and USD 9,000. BTC/USD surged around 20% and tested the USD 9,500 zone before starting a downside correction. It declined below USD 9,000 and currently (08:30 UTC) consolidating above USD 8,550 (the previous key resistance).
Similarly, there was a downside correction in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD corrected lower below USD 212 and even tested the USD 205 support zone. XRP/USD failed to surpass USD 0.235 and it is now trading below USD 0.220.
Bitcoin price
After a strong rally to USD 9,500, bitcoin price failed to stay in a bullish zone. BTC/USD corrected lower more than USD 500 and settled below USD 9,000. The price tested the USD 8,550 support zone, where the bulls took a stand. The price is currently rising and approaching the USD 8,850 resistance level.
The main hurdle is now near USD 9,000, above which the price is likely to resume its slide. Conversely, the price might struggle to stay above the USD 8,550 support if it does not clear the USD 9,000 resistance.
Ethereum price
Ethereum price also followed a similar pattern and started a major decline from the USD 228 area. ETH/USD declined below the USD 220 and USD 212 support levels. It tested the USD 205 support zone and it is currently recovering towards USD 215.
If there is a successful follow-through above USD 215 and a break above the USD 220 level, the price is likely to rise towards the USD 228 and USD 230 resistance levels in the near term
Bitcoin cash, litecoin and XRP price
Bitcoin cash price topped near the USD 275 level and recently declined below the USD 260 level. BCH/USD tested the USD 245 support zone, which was a key hurdle for the bulls earlier. It is currently consolidating above USD 250 and it must clear the USD 260 level for a fresh push towards the USD 275 resistance.
Litecoin faced a strong selling interest near the USD 50.00 and USD 50.50 levels. LTC/USD declined more than 5% and tested the USD 44.50 pivot level. The price is now rising towards the USD 48.50 level and it could even retest the USD 50.00 level. On the downside, the main supports are near USD 45.00 and USD 44.50.
XRP price failed to continue above the USD 0.235 resistance level. The price declined below USD 0.225 and USD 0.220. It tested the USD 0.210 support and it is currently recovering. To start a fresh rally, the price must surpass the USD 0.220 and USD 0.222 resistance levels.
Other altcoins market today
In the past three sessions, many smaller altcoins declined more than 5%, including HIVE, NMR, CKB, CRO, DATA, UBT, BCN, QNT, DOGE, NRG, and BCD. Conversely, HBAR, LEND, HYN, and THETA are up more than 5%.
Overall, bitcoin corrected lower sharply below USD 9,000, but it is still above the main uptrend support at USD 8,550. As long as BTC is trading above USD 8,550 and USD 8,250, it is likely to resume its rise towards the USD 9,200 and USD 9,500 in the coming sessions.
Total market capitalization:
👉Bitcoin price corrected lower sharply from the USD 9,500 resistance.
👉Ethereum declined from USD 228 to USD 205 and XRP is back below USD 0.220.
👉HIVE, NMR, CKB, and CRO are down more than 10%.
Yesterday, there was a significant rally in bitcoin above USD 8,500 and USD 9,000. BTC/USD surged around 20% and tested the USD 9,500 zone before starting a downside correction. It declined below USD 9,000 and currently (08:30 UTC) consolidating above USD 8,550 (the previous key resistance).
Similarly, there was a downside correction in most major altcoins, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD corrected lower below USD 212 and even tested the USD 205 support zone. XRP/USD failed to surpass USD 0.235 and it is now trading below USD 0.220.
Bitcoin price
After a strong rally to USD 9,500, bitcoin price failed to stay in a bullish zone. BTC/USD corrected lower more than USD 500 and settled below USD 9,000. The price tested the USD 8,550 support zone, where the bulls took a stand. The price is currently rising and approaching the USD 8,850 resistance level.
The main hurdle is now near USD 9,000, above which the price is likely to resume its slide. Conversely, the price might struggle to stay above the USD 8,550 support if it does not clear the USD 9,000 resistance.
Ethereum price
Ethereum price also followed a similar pattern and started a major decline from the USD 228 area. ETH/USD declined below the USD 220 and USD 212 support levels. It tested the USD 205 support zone and it is currently recovering towards USD 215.
If there is a successful follow-through above USD 215 and a break above the USD 220 level, the price is likely to rise towards the USD 228 and USD 230 resistance levels in the near term
Bitcoin cash, litecoin and XRP price
Bitcoin cash price topped near the USD 275 level and recently declined below the USD 260 level. BCH/USD tested the USD 245 support zone, which was a key hurdle for the bulls earlier. It is currently consolidating above USD 250 and it must clear the USD 260 level for a fresh push towards the USD 275 resistance.
Litecoin faced a strong selling interest near the USD 50.00 and USD 50.50 levels. LTC/USD declined more than 5% and tested the USD 44.50 pivot level. The price is now rising towards the USD 48.50 level and it could even retest the USD 50.00 level. On the downside, the main supports are near USD 45.00 and USD 44.50.
XRP price failed to continue above the USD 0.235 resistance level. The price declined below USD 0.225 and USD 0.220. It tested the USD 0.210 support and it is currently recovering. To start a fresh rally, the price must surpass the USD 0.220 and USD 0.222 resistance levels.
Other altcoins market today
In the past three sessions, many smaller altcoins declined more than 5%, including HIVE, NMR, CKB, CRO, DATA, UBT, BCN, QNT, DOGE, NRG, and BCD. Conversely, HBAR, LEND, HYN, and THETA are up more than 5%.
Overall, bitcoin corrected lower sharply below USD 9,000, but it is still above the main uptrend support at USD 8,550. As long as BTC is trading above USD 8,550 and USD 8,250, it is likely to resume its rise towards the USD 9,200 and USD 9,500 in the coming sessions.
Total market capitalization:
Matic Network Strikes Two Important Partnerships, With COVID-19 Focused Tracy & LTO Network
Scalability focused Ethereum based blockchain Matic Network has struck two new partnerships in quick succession.
On Wednesday, Matic Network announced that it had been chosen by the COVID19 contact tracing application GetTracyApp. As per the official tweet, Tracy will help health professionals to manage their movement and response for the Coronavirus pandemic. It further added the transactions in the app would be powered by Matic, while the data storage will be managed by Matic’s partner MoBit.
Tracing contact n the movement of health professionals is one of the biggest challenges in the way of fighting the Coronavirus, which is why the Tracy app could prove to be a cornerstone in the struggle. As of date, COVID19 has infected over 3.2 million people in at least 210 countries, claiming over 228,000 deaths. In an official post on Medium, MoBit said,
“Tracy is the first blockchain enabled decentralized solution which helps manage the privacy angle in contact tracing, quarantine management and finally restoring confident and free movement. Tracy also helps citizens gauge the likelihood of having come in contact with a person who has tested positive for COVID-19. It also allows collection of primary health symptom data from the citizen users from the app.”
Matic Network announced another big partnership with Europe’s leading hybrid blockchain platform, LTO Network. It stated in a tweet that the two networks are coming joining forces to develop enterprise blockchain solutions, and the first outcome would be an NFT-integrated blockchain-based supply solution. In an official blog shared on its website, LTO Network said,
“Supply chain has been on the blockchain radar since the very beginning, and it makes sense as the blockchain can add a lot of extra value and security to those processes. Together with Matic Network, we are taking the usual scenario a step further with NFTs, Non-Fungible Tokens.”
Scalability focused Ethereum based blockchain Matic Network has struck two new partnerships in quick succession.
On Wednesday, Matic Network announced that it had been chosen by the COVID19 contact tracing application GetTracyApp. As per the official tweet, Tracy will help health professionals to manage their movement and response for the Coronavirus pandemic. It further added the transactions in the app would be powered by Matic, while the data storage will be managed by Matic’s partner MoBit.
Tracing contact n the movement of health professionals is one of the biggest challenges in the way of fighting the Coronavirus, which is why the Tracy app could prove to be a cornerstone in the struggle. As of date, COVID19 has infected over 3.2 million people in at least 210 countries, claiming over 228,000 deaths. In an official post on Medium, MoBit said,
“Tracy is the first blockchain enabled decentralized solution which helps manage the privacy angle in contact tracing, quarantine management and finally restoring confident and free movement. Tracy also helps citizens gauge the likelihood of having come in contact with a person who has tested positive for COVID-19. It also allows collection of primary health symptom data from the citizen users from the app.”
Matic Network announced another big partnership with Europe’s leading hybrid blockchain platform, LTO Network. It stated in a tweet that the two networks are coming joining forces to develop enterprise blockchain solutions, and the first outcome would be an NFT-integrated blockchain-based supply solution. In an official blog shared on its website, LTO Network said,
“Supply chain has been on the blockchain radar since the very beginning, and it makes sense as the blockchain can add a lot of extra value and security to those processes. Together with Matic Network, we are taking the usual scenario a step further with NFTs, Non-Fungible Tokens.”
Is Verge (XVG) Marching Towards a Bullish Weekend?
While the pandemic is still not stopping its rise of the death toll in many major economies, a few countries are slowly lifting the lockdown. Because of this or just because the market is desperately waiting for a bullish cycle, the coins are seeing an escalation in their prices these days.
As April came to an end, Bitcoin’s price jumped from $7900 to $9301, noting a weekly high price mark. This also happens to be a one-month high price level for the coin. Once again, the leading coin has increased investor’s hopes; let’s see where it takes the whole market this time. Following BTC’s lead, XRP too has managed to trade above $0.21; the altcoin went above $0.23 just yesterday, hitting a monthly high price level.
Verge Price Analysis
In order to maintain its pace, XVG coin has attempted to target the $0.0034 price level though it faced rejection at $0.00335. The coin had risen from $0.0028, with an increase of 17.75%. Before that, Verge kept spending the week on a bit lazy note around $0.0029.
However, after the price rise, the following price corrections have decreased the intensity of bulls. The pullback has cost it a loss of 12.53%, which is why it came down to the price range of $0.0029 today morning. The XVG coin is holding a stable RSI while the MACD chart has just formed a bearish crossover.
Showing a bit of contradiction to its first chart, Verge holds a bullish technical indicator in this one. The moving averages are in the positive zone as the 50-day SMA line is above the 200-day SMA line. Here, the XVG coin has just traced a dip below its 61.80% Fib level, and now, the coin is trying to drift the trend above the 50% Fib level. Moreover, the Bollinger bands are slowly coming back to stability after it saw quite a bit of volatility on the positive side.
While the pandemic is still not stopping its rise of the death toll in many major economies, a few countries are slowly lifting the lockdown. Because of this or just because the market is desperately waiting for a bullish cycle, the coins are seeing an escalation in their prices these days.
As April came to an end, Bitcoin’s price jumped from $7900 to $9301, noting a weekly high price mark. This also happens to be a one-month high price level for the coin. Once again, the leading coin has increased investor’s hopes; let’s see where it takes the whole market this time. Following BTC’s lead, XRP too has managed to trade above $0.21; the altcoin went above $0.23 just yesterday, hitting a monthly high price level.
Verge Price Analysis
In order to maintain its pace, XVG coin has attempted to target the $0.0034 price level though it faced rejection at $0.00335. The coin had risen from $0.0028, with an increase of 17.75%. Before that, Verge kept spending the week on a bit lazy note around $0.0029.
However, after the price rise, the following price corrections have decreased the intensity of bulls. The pullback has cost it a loss of 12.53%, which is why it came down to the price range of $0.0029 today morning. The XVG coin is holding a stable RSI while the MACD chart has just formed a bearish crossover.
Showing a bit of contradiction to its first chart, Verge holds a bullish technical indicator in this one. The moving averages are in the positive zone as the 50-day SMA line is above the 200-day SMA line. Here, the XVG coin has just traced a dip below its 61.80% Fib level, and now, the coin is trying to drift the trend above the 50% Fib level. Moreover, the Bollinger bands are slowly coming back to stability after it saw quite a bit of volatility on the positive side.
XRP Rebound to $0.22 After an Intraday Dip to $0.205
XRP price drops after hitting a 7-week resistance of $0.235 to an intraday low at $0.20, around the closing hour, yesterday
Yet, XRP coin started with a gaining streak today and is currently trading at $0.219
The current price trend of XRP is breaching above the upper 20-day Bollinger Band, and with a slight candlestick pullback, the coin lost the support sight of 50-day MA yet retains 200-day daily MA at $0.2065
The 20-day Bollinger Bands do not project any unprecedented volatility presently. The gradual uptrend over the past two days took a halt after yesterday’s price correction
Yet, we do not believe this to be an end or a brief uptrend as we enter the month of Bitcoin halving which happens to be influential crypto especially for the major altcoins like Ethereum and XRP
On an intraday chart, Ripple has clearly breached the uptrend against the US Dollar, which was afloat as it had hit a 7-week resistance. Although, an immediate bearish engulfing took the toll as it breached below the 20-day Lower Bollinger Band. Just when the price of XRP dropped below $0.222, it lost 50-day MA support and is yet to regain it steadily. With a positive crossover, in the trading session today, XRP has notably restored back to $0.22. Additionally, the 200-day MA support stays intact at $0.206 and is the major level to watch out for.
Technical Indicators
The MACD of XRP is taking a bullish divergence as the price rebounds to $0.22, and the MACD crosses above the signal line. The RSI is also inclined towards the overbought region at 54.74 and is awaiting a price spike to cross above 70, anytime soon.
XRP price drops after hitting a 7-week resistance of $0.235 to an intraday low at $0.20, around the closing hour, yesterday
Yet, XRP coin started with a gaining streak today and is currently trading at $0.219
The current price trend of XRP is breaching above the upper 20-day Bollinger Band, and with a slight candlestick pullback, the coin lost the support sight of 50-day MA yet retains 200-day daily MA at $0.2065
The 20-day Bollinger Bands do not project any unprecedented volatility presently. The gradual uptrend over the past two days took a halt after yesterday’s price correction
Yet, we do not believe this to be an end or a brief uptrend as we enter the month of Bitcoin halving which happens to be influential crypto especially for the major altcoins like Ethereum and XRP
On an intraday chart, Ripple has clearly breached the uptrend against the US Dollar, which was afloat as it had hit a 7-week resistance. Although, an immediate bearish engulfing took the toll as it breached below the 20-day Lower Bollinger Band. Just when the price of XRP dropped below $0.222, it lost 50-day MA support and is yet to regain it steadily. With a positive crossover, in the trading session today, XRP has notably restored back to $0.22. Additionally, the 200-day MA support stays intact at $0.206 and is the major level to watch out for.
Technical Indicators
The MACD of XRP is taking a bullish divergence as the price rebounds to $0.22, and the MACD crosses above the signal line. The RSI is also inclined towards the overbought region at 54.74 and is awaiting a price spike to cross above 70, anytime soon.
Brave Browser integrates Binance Widget to provide Seamless Crypto Trading
Leading crypto exchange Binance announced on Thursday that Binance Widget is now available for all Brave desktop browser users. In the official tweet, it states that Brave users will now be able to trade and manage their crypto without leaving the browser.
The Binance widget has been integrated with Brave with the latest version 1.8 update, which also happens to be the first exchange-browser integration of this kind, Brave stated in its confirmation tweet.
In the official announcement on its website, Binance stated that the two platforms informed about the integration on March 24, and since then, the Binance Widget was being tested on Brave’s Nightly and Beta versions. In a joint statement shared by both the platforms, it was stated:
Binance stated Binance is probably the largest crypto exchange on the planet and has shown tremendous progress even when the crypto industry was suffering a ‘recession.’ Even during the times of the COVID19 crisis, it has steadily progressed, expanding the platform and adding newer & flexible options for users. Brave Browser, on the other hand, is one of the best blockchain-based browsers available today. It gives rewards to users in exchange for their attention to the advertisement.
Integration of the most popular crypto exchange and the most used blockchain-based browser is extremely exciting news for the community and could be a tempting proposition for the security-conscious users.
Leading crypto exchange Binance announced on Thursday that Binance Widget is now available for all Brave desktop browser users. In the official tweet, it states that Brave users will now be able to trade and manage their crypto without leaving the browser.
The Binance widget has been integrated with Brave with the latest version 1.8 update, which also happens to be the first exchange-browser integration of this kind, Brave stated in its confirmation tweet.
In the official announcement on its website, Binance stated that the two platforms informed about the integration on March 24, and since then, the Binance Widget was being tested on Brave’s Nightly and Beta versions. In a joint statement shared by both the platforms, it was stated:
Binance stated Binance is probably the largest crypto exchange on the planet and has shown tremendous progress even when the crypto industry was suffering a ‘recession.’ Even during the times of the COVID19 crisis, it has steadily progressed, expanding the platform and adding newer & flexible options for users. Brave Browser, on the other hand, is one of the best blockchain-based browsers available today. It gives rewards to users in exchange for their attention to the advertisement.
Integration of the most popular crypto exchange and the most used blockchain-based browser is extremely exciting news for the community and could be a tempting proposition for the security-conscious users.
