Ludena Protocol Teams Up With Agareum to Revolutionize Crypto Gaming Industry
As per the announcement, two leading platforms have come together to put in their joint efforts in revolutionizing the crypto gaming industry. The teams will streamline the gaming experience for the players hailing from across the world and will strive to enrich their fun by unleashing a chance to earn unmatched rewards while using the two platforms. The unique technical excellence of Ludena in traditional gaming and Agareum’s unprecedented knowledge in blockchain-supported gaming will help the firms in attracting more users, expanding operational capacities, and catering efficiently to the requirements of the gaming worlds.
The client base of three million global users of Ludena Protocol will transition to the Agareum ecosystem, which is likely to organize the LDN Gamedrop challenge in the coming months. On the other hand, Agareum will help the Ludena Protocol DApp team to bring in new crypto-supporting users from international boundaries.
Agareum allows users to indulge in intensive gaming experience against each other in a head-to-head battle. The players strive to catch hold of various top-rated tokens, which can be earned during each game on the network. Players are given a golden opportunity to fill their bags by delving into the pool of competitive, innovative, and eye-catching blockchain casual gaming. The Agareum creators are an elite panel of blockchain marketing experts who were the brain behind Coin Fabric. The team is dedicated to lay the foundation of an exceptional gaming interface offering extraordinary rewards for the players.
The Ludena Protocol boasts of exclusive and robust entertaining gaming-related DApps. With its expert services, the platform is a popular name in the industry. It is the proud creator of hyper casual 1:1 mobile game as well as the world’s first charge-free virtual item exchange. The main aim of the platform is to give lucrative rewards to crypto gamers worldwide.
As per the announcement, two leading platforms have come together to put in their joint efforts in revolutionizing the crypto gaming industry. The teams will streamline the gaming experience for the players hailing from across the world and will strive to enrich their fun by unleashing a chance to earn unmatched rewards while using the two platforms. The unique technical excellence of Ludena in traditional gaming and Agareum’s unprecedented knowledge in blockchain-supported gaming will help the firms in attracting more users, expanding operational capacities, and catering efficiently to the requirements of the gaming worlds.
The client base of three million global users of Ludena Protocol will transition to the Agareum ecosystem, which is likely to organize the LDN Gamedrop challenge in the coming months. On the other hand, Agareum will help the Ludena Protocol DApp team to bring in new crypto-supporting users from international boundaries.
Agareum allows users to indulge in intensive gaming experience against each other in a head-to-head battle. The players strive to catch hold of various top-rated tokens, which can be earned during each game on the network. Players are given a golden opportunity to fill their bags by delving into the pool of competitive, innovative, and eye-catching blockchain casual gaming. The Agareum creators are an elite panel of blockchain marketing experts who were the brain behind Coin Fabric. The team is dedicated to lay the foundation of an exceptional gaming interface offering extraordinary rewards for the players.
The Ludena Protocol boasts of exclusive and robust entertaining gaming-related DApps. With its expert services, the platform is a popular name in the industry. It is the proud creator of hyper casual 1:1 mobile game as well as the world’s first charge-free virtual item exchange. The main aim of the platform is to give lucrative rewards to crypto gamers worldwide.
🔥 Currency.com cancels trading fees on Bitcoin halving day!
Less than a week remains until the most anticipated event of 2020 in the crypto world. The Bitcoin Halving is considered a positive fundamental factor, which is capable to send the price of the main cryptocurrency "to the moon" within the next year.
In honor of this long-awaited event and to maintain high demand for Bitcoin, Currency.com is holding a special promo campaign – 0% trading commission on the day of Bitcoin halving for all BTC pairs. The campaign will be valid only for one day, from 0:00 to 23:59 UTC (+3 hours Moscow time).
There are 8 Bitcoin trading pairs available for Currency.com’s clients, which will take part in the promotion: BTC/USD, BTC/RUB, BTC/EUR, BTC/BYN, ETH/BTC, LTC/BTC, BCH/BTC, XRP/BTC.
In general, there are more than 1300 tokenised assets on the platform, among which traders can access:
🔸stocks;
🔸indices;
🔸forex;
🔸ETFs;
🔸commodities;
🔸bonds.
Sign up now to trade with zero commissions!
Less than a week remains until the most anticipated event of 2020 in the crypto world. The Bitcoin Halving is considered a positive fundamental factor, which is capable to send the price of the main cryptocurrency "to the moon" within the next year.
In honor of this long-awaited event and to maintain high demand for Bitcoin, Currency.com is holding a special promo campaign – 0% trading commission on the day of Bitcoin halving for all BTC pairs. The campaign will be valid only for one day, from 0:00 to 23:59 UTC (+3 hours Moscow time).
There are 8 Bitcoin trading pairs available for Currency.com’s clients, which will take part in the promotion: BTC/USD, BTC/RUB, BTC/EUR, BTC/BYN, ETH/BTC, LTC/BTC, BCH/BTC, XRP/BTC.
In general, there are more than 1300 tokenised assets on the platform, among which traders can access:
🔸stocks;
🔸indices;
🔸forex;
🔸ETFs;
🔸commodities;
🔸bonds.
Sign up now to trade with zero commissions!
Hex Trust Joins Hands with Celo Alliance to Provide Custody Support in Asia
Leading digital asset custodian in Asia, Hex Trust, announced on Wednesday that it had joined hands with the Celo Alliance. As a part of the ‘Alliance for Prosperity,’ Hex Trust will provide custody support to Celo Blockchain’s native token, Celo Gold (cGLD).
The Alliance for Prosperity aims to build a worldwide collaboration to decide the future of monetary aspects and access to financial services. In an official post on Medium, Hex Trust stated that the goal of their collaboration with Celo is to make cryptocurrencies accessible around the world, especially to those who just have a contact number, but no access to financial services. Commenting on the partnership, Hex Trust CEO Alessio Quaglini said,
Alessio Quaglini said
Built around the mobile-first open blockchain Celo, the Alliance aims to provide necessary infrastructure and education to enable more people to use digital currencies, with a special focus on the Celo Dollar stablecoin.
Leading digital asset custodian in Asia, Hex Trust, announced on Wednesday that it had joined hands with the Celo Alliance. As a part of the ‘Alliance for Prosperity,’ Hex Trust will provide custody support to Celo Blockchain’s native token, Celo Gold (cGLD).
The Alliance for Prosperity aims to build a worldwide collaboration to decide the future of monetary aspects and access to financial services. In an official post on Medium, Hex Trust stated that the goal of their collaboration with Celo is to make cryptocurrencies accessible around the world, especially to those who just have a contact number, but no access to financial services. Commenting on the partnership, Hex Trust CEO Alessio Quaglini said,
Alessio Quaglini said
Built around the mobile-first open blockchain Celo, the Alliance aims to provide necessary infrastructure and education to enable more people to use digital currencies, with a special focus on the Celo Dollar stablecoin.
Bittrex to Launch Own Token in June
n a move likely aimed at regaining market share from competitors like Binance and Huobi, yet another crypto exchange is set to launch its own token.
Announced via Twitter on Tuesday, the Lichtenstein-based crypto exchange Bittrex Global said that its “Bittrex Global Exchange Token” is set to be listed on its platform in June, and that it will be available for users globally with the exception of US residents. Other than that, however, details are scarce about the new token, with no information about potential use cases or benefits of holding the token yet available.
Bittrex declined to comment any further as they are “unable to disclose more info at this point.”
A new exchange token from Bittrex Global would join the ranks of other tokens issued by exchanges around the world, with Binance Coin (BNB) and Huobi Token (HT) being among the most prominent ones. As BNB holders can testify, the token has been massively profitable for early buyers, rising from USD 0.1 in mid-2017 to nearly USD 17 today. However, BNB is down by 25% in a year, while HT is up by 73% in the same period of time.
A spin-off of the US-based exchange Bittrex, Bittrex Global was set up in Lichtenstein as recently as October 2019 to take advantage of the more crypto-friendly regulations found in the Central European principality.
Immediately after sharing the news, criticism started to pour in from the community, with many people wondering why it has taken the exchange so long to come up with a token, and what the company’s motivation behind creating a new token now is.
“Getting desperate for other sources of income after volume dried up?,” one Twitter user asked, while suggesting that the exchange should instead look for “great coins for listing free of charge.”
n a move likely aimed at regaining market share from competitors like Binance and Huobi, yet another crypto exchange is set to launch its own token.
Announced via Twitter on Tuesday, the Lichtenstein-based crypto exchange Bittrex Global said that its “Bittrex Global Exchange Token” is set to be listed on its platform in June, and that it will be available for users globally with the exception of US residents. Other than that, however, details are scarce about the new token, with no information about potential use cases or benefits of holding the token yet available.
Bittrex declined to comment any further as they are “unable to disclose more info at this point.”
A new exchange token from Bittrex Global would join the ranks of other tokens issued by exchanges around the world, with Binance Coin (BNB) and Huobi Token (HT) being among the most prominent ones. As BNB holders can testify, the token has been massively profitable for early buyers, rising from USD 0.1 in mid-2017 to nearly USD 17 today. However, BNB is down by 25% in a year, while HT is up by 73% in the same period of time.
A spin-off of the US-based exchange Bittrex, Bittrex Global was set up in Lichtenstein as recently as October 2019 to take advantage of the more crypto-friendly regulations found in the Central European principality.
Immediately after sharing the news, criticism started to pour in from the community, with many people wondering why it has taken the exchange so long to come up with a token, and what the company’s motivation behind creating a new token now is.
“Getting desperate for other sources of income after volume dried up?,” one Twitter user asked, while suggesting that the exchange should instead look for “great coins for listing free of charge.”
Elrond Announces Integration with Frontier Wallet, To Make DeFi Products & Staking Tools Available
Decentralized finance-focused network Elrond Blockchain announced on Wednesday that it has integrated with Frontier Wallet. Founder and CEO, Beniamin Mincu, posted a tweet stating that Elrond based DeFi and Staking Tools are now enabled on India based DeFi Wallet.
Frontier Wallet is one of the fastest growing blockchain wallets in the South Asia country, which has a tremendous future potential after the Supreme Court lifted the banking ban on crypto companies imposed by the RBI. Commenting on the integration, Ravindra Kumar, Frontier Wallet Founder and CEO said,
Ravindra Kumar said
Head of Research and Development at Frontier Wallet, Philip Arthur Moore also tweeted, stating that staking is an integral part of both Elrond and Frontier Wallet.
In the official post on Medium, Mincu said that the DeFi has massive potential, but interacting with different tools continues to be quite difficult.
Mincu said
Elrond Blockchain is a next-gen distributed architecture that was designed to make 1000-fold cumulative enhancements in throughput and transactional execution speed. On the other hand, Frontier Wallet is aimed at making DeFi secure and simple.
Decentralized finance-focused network Elrond Blockchain announced on Wednesday that it has integrated with Frontier Wallet. Founder and CEO, Beniamin Mincu, posted a tweet stating that Elrond based DeFi and Staking Tools are now enabled on India based DeFi Wallet.
Frontier Wallet is one of the fastest growing blockchain wallets in the South Asia country, which has a tremendous future potential after the Supreme Court lifted the banking ban on crypto companies imposed by the RBI. Commenting on the integration, Ravindra Kumar, Frontier Wallet Founder and CEO said,
Ravindra Kumar said
Head of Research and Development at Frontier Wallet, Philip Arthur Moore also tweeted, stating that staking is an integral part of both Elrond and Frontier Wallet.
In the official post on Medium, Mincu said that the DeFi has massive potential, but interacting with different tools continues to be quite difficult.
Mincu said
Elrond Blockchain is a next-gen distributed architecture that was designed to make 1000-fold cumulative enhancements in throughput and transactional execution speed. On the other hand, Frontier Wallet is aimed at making DeFi secure and simple.
Wanchain Partners with Band Protocol as Official Genesis Validator
Multi-blockchain open finance platform Wanchain has partnered with Band Protocol, a cross-chain data oracle network focused on Web 3.0, as the official genesis validator. In the official tweet, Wanchain stated that the partnership would allow them to strengthen their capabilities to bring off-chain data to Wanchain dApps in real-time.
In an official post on Medium, Band Protocol said that the Wanchain team has been working closely with them for the past one month on the BandChain testnet 2. The integration with Wanchain, it added, will help them enable secure, real-time, and reliable oracles for developers, providing them the foundation of an interoperable financial system. Band Protocol CEO and Co-founder, Soravis Srinawakoon said,
Soravis Srinawakoon said
Band Protocol, as a cross-chain data oracle network, aggregates and links real-world data and APIs to smart contracts. It also enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain. Wanchain, on the other hand, provides the infrastructure to connect the decentralized financial world. It allows the flow of digital assets and data across the globe by connecting all isolated public and private blockchains.
Commenting on the company’s integration with the leading blockchain-based oracle network, CEO & Founder of Wanchain, Jack Lu said,
Jack Lu said
In a Twitter thread posted yesterday, Band Protocol stated that the integration with Wanchain will ensure that the security and decentralization of the BandChain is always on the top. It will also allow the Wanchain community to contribute to reliability and decentralization of the Band Protocol oracles that power Wanchain based dApps by staking BAND token.
Multi-blockchain open finance platform Wanchain has partnered with Band Protocol, a cross-chain data oracle network focused on Web 3.0, as the official genesis validator. In the official tweet, Wanchain stated that the partnership would allow them to strengthen their capabilities to bring off-chain data to Wanchain dApps in real-time.
In an official post on Medium, Band Protocol said that the Wanchain team has been working closely with them for the past one month on the BandChain testnet 2. The integration with Wanchain, it added, will help them enable secure, real-time, and reliable oracles for developers, providing them the foundation of an interoperable financial system. Band Protocol CEO and Co-founder, Soravis Srinawakoon said,
Soravis Srinawakoon said
Band Protocol, as a cross-chain data oracle network, aggregates and links real-world data and APIs to smart contracts. It also enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain. Wanchain, on the other hand, provides the infrastructure to connect the decentralized financial world. It allows the flow of digital assets and data across the globe by connecting all isolated public and private blockchains.
Commenting on the company’s integration with the leading blockchain-based oracle network, CEO & Founder of Wanchain, Jack Lu said,
Jack Lu said
In a Twitter thread posted yesterday, Band Protocol stated that the integration with Wanchain will ensure that the security and decentralization of the BandChain is always on the top. It will also allow the Wanchain community to contribute to reliability and decentralization of the Band Protocol oracles that power Wanchain based dApps by staking BAND token.
Is Bitcoin Going to Have a Trend Revision Unlike the One Seen Post 2012 and 2016 Halving?
Bitcoin price slides back to trade around $9.2k, and over the past 24 hours, BTC/USD kept oscillating between $9.2k to $9.3k price area
The uptrend that broke out 2 days back experienced a steep rise, yesterday and for a moment broke above $9.4k
Yet again the price of BTC has plummeted below $9.3k, at the press time
The entire MCap has dropped notably owing to the market crash in March, but it is still higher with 5 days to go for Bitcoin Halving as compared to the 2016 market and halving
According to historical data, Bitcoin has always shown an amazing price rally before the halving and a price dip after the event. However, this time the situation seems different as we are just 5 days away from the halving event, and a major rule out is yet to happen. But this time, many analysts believe in having a near-term BTC price rally which is likely to take place after the halving, inversing the previous trends. Nonetheless, the price of the crypto has shown an escalation after testing the yearly bottom around $3,200 in March this year.
Is it the Coronavirus outbreak that has laid its impact on the crypto space, just like the traditional investment avenues which experienced a massive sell-off?
Now, previously it was halving that pumped enough traction in the market; this time, the dynamics seem to have altered. However, just like the other sectors with variables such as employment, layoff, industries, businesses have a direct relation with the effects of the Pandemic, crypto has nothing to do due to the full course of digitalization.
This brings up the question: Are we going to see a change of trend after BTC Halving 2020?
Although the price of the major crypto—Bitcoin has been on a roar for multiple times over the past month and week, it has been nothing less than an illusion of a bullish breakout soon enough. Moreover, just when the price ramped up from the bottom of $3.2k to $7.5k in April, we have seen an escalation in the figures of trading volumes as well, and multiple attempts of the coin to hit above $9k and $9.2k will be successful once the price surpasses $9.5k.
Bitcoin price slides back to trade around $9.2k, and over the past 24 hours, BTC/USD kept oscillating between $9.2k to $9.3k price area
The uptrend that broke out 2 days back experienced a steep rise, yesterday and for a moment broke above $9.4k
Yet again the price of BTC has plummeted below $9.3k, at the press time
The entire MCap has dropped notably owing to the market crash in March, but it is still higher with 5 days to go for Bitcoin Halving as compared to the 2016 market and halving
According to historical data, Bitcoin has always shown an amazing price rally before the halving and a price dip after the event. However, this time the situation seems different as we are just 5 days away from the halving event, and a major rule out is yet to happen. But this time, many analysts believe in having a near-term BTC price rally which is likely to take place after the halving, inversing the previous trends. Nonetheless, the price of the crypto has shown an escalation after testing the yearly bottom around $3,200 in March this year.
Is it the Coronavirus outbreak that has laid its impact on the crypto space, just like the traditional investment avenues which experienced a massive sell-off?
Now, previously it was halving that pumped enough traction in the market; this time, the dynamics seem to have altered. However, just like the other sectors with variables such as employment, layoff, industries, businesses have a direct relation with the effects of the Pandemic, crypto has nothing to do due to the full course of digitalization.
This brings up the question: Are we going to see a change of trend after BTC Halving 2020?
Although the price of the major crypto—Bitcoin has been on a roar for multiple times over the past month and week, it has been nothing less than an illusion of a bullish breakout soon enough. Moreover, just when the price ramped up from the bottom of $3.2k to $7.5k in April, we have seen an escalation in the figures of trading volumes as well, and multiple attempts of the coin to hit above $9k and $9.2k will be successful once the price surpasses $9.5k.
Hot Scandals, Business Giants, Halvation and 20 Crypto Jokes
It was a fun, pre-halving week. Coinbase analyst said that we shouldn't count on banks to invest in crypto, and options traders appear to be skeptical about current ETH price. Business giants join a new consortium to help firms ‘manage digital assets’, Blockstream updated their BTC satelite network, and supply chain professionals are keen on blockchain technology. Bittrex will launch its own token in June, while BTCSHORT launched on Ethereum network. Meanwhile, the Cryptoverse had a question for the new Bitcoin star Paul Tudor Jones, while Tron and Justin Sun became a centre of a scandal.
As Petro went offline for maintanance, and registration fees forced BitKassa out of business, European money printer goes brrr program ran into a problem, and Telegram seems to be cutting all ties with the American investors. However, Europe’s biggest nuclear station might give electricity to BTC miners. Meanwhile, BTC had another mainstream moment, and PewDiePie left DLive for YouTube. We compared BitPay vs BTCPay, and we repored on six halving scenarios and three halving narratives.
And now – the best jokes of the week!
Hello, CT, my old friend. I've come to see how you're doing again.
It was a fun, pre-halving week. Coinbase analyst said that we shouldn't count on banks to invest in crypto, and options traders appear to be skeptical about current ETH price. Business giants join a new consortium to help firms ‘manage digital assets’, Blockstream updated their BTC satelite network, and supply chain professionals are keen on blockchain technology. Bittrex will launch its own token in June, while BTCSHORT launched on Ethereum network. Meanwhile, the Cryptoverse had a question for the new Bitcoin star Paul Tudor Jones, while Tron and Justin Sun became a centre of a scandal.
As Petro went offline for maintanance, and registration fees forced BitKassa out of business, European money printer goes brrr program ran into a problem, and Telegram seems to be cutting all ties with the American investors. However, Europe’s biggest nuclear station might give electricity to BTC miners. Meanwhile, BTC had another mainstream moment, and PewDiePie left DLive for YouTube. We compared BitPay vs BTCPay, and we repored on six halving scenarios and three halving narratives.
And now – the best jokes of the week!
Hello, CT, my old friend. I've come to see how you're doing again.
Chainalysis Claims Mining Pools Holding More Bitcoin anticipating Bitcoin Price Surge Following The Halving
New York based blockchain investigation software enterprise Chainalysis claimed on Monday that as per its analysis, mining pools are holding more Bitcoin for the last few months in anticipation of the price surge that is expected after the scheduled halving. In a Twitter thread, it claimed having found that pools are holding more and selling less BTC since November last year.
Chainalysis released a blogpost showcasing their observational findings from mining pool behavior since October 2019. As per the blog, between October and mid-November, the total amount of Bitcoin held by mining pools fluctuates but largely remained around 10,000 BTC. However, it stated, balances kept rising steadily since November 19, which indicates that the mining pools are holding more BTC than before.
Chainalysis said
In a subsequent tweet in the thread, Chinalysis stated that the balances with the mining pools increased from 8,579 BTC on October 29, 2019, to 17,422 BTC on May 06, 2020.
The blockchain investigation enterprise also noted that there was a significant increase in the average time mining pools took to sell newly mined BTCs. As on October 06, 2019, miners sold newly minted Bitcoins on an average 2.24 days, which increased to 3.68 days on March 01, 2020, and subsequently to 5.74 days as on May 03, 2020.
New York based blockchain investigation software enterprise Chainalysis claimed on Monday that as per its analysis, mining pools are holding more Bitcoin for the last few months in anticipation of the price surge that is expected after the scheduled halving. In a Twitter thread, it claimed having found that pools are holding more and selling less BTC since November last year.
Chainalysis released a blogpost showcasing their observational findings from mining pool behavior since October 2019. As per the blog, between October and mid-November, the total amount of Bitcoin held by mining pools fluctuates but largely remained around 10,000 BTC. However, it stated, balances kept rising steadily since November 19, which indicates that the mining pools are holding more BTC than before.
Chainalysis said
In a subsequent tweet in the thread, Chinalysis stated that the balances with the mining pools increased from 8,579 BTC on October 29, 2019, to 17,422 BTC on May 06, 2020.
The blockchain investigation enterprise also noted that there was a significant increase in the average time mining pools took to sell newly mined BTCs. As on October 06, 2019, miners sold newly minted Bitcoins on an average 2.24 days, which increased to 3.68 days on March 01, 2020, and subsequently to 5.74 days as on May 03, 2020.
Dove Wallet is Now a Part of Celo Alliance for Prosperity
Dove Wallet has recently announced its collaboration with Celo Alliance for Prosperity.
Alliance for Prosperity is a network of organizations that aims to work towards a better comprehensive financial system globally. Along with this, the organization offers to encourage blockchain technology.
Each and every individual in the organization encourages blockchain technology. The individuals are coming with unique approaches and strategic plans to develop blockchain technology. The Dove Wallet enables its users to buy and sell digital assets along with the stable assets of the Celo dollar. The Dove Wallets also lets you make use of the fiat money which enables you to use most currencies in the world for buying and selling crypto assets.
Currently, Dove Wallet is planning to make a “tipping” platform which enables the users to send small amounts online to people of various different communities. Collaborating with Celo Alliance, Dove Wallet aims to develop networking and work with other leaders of the blockchain world to encourage blockchain technology worldwide.
Dove Wallet has recently announced its collaboration with Celo Alliance for Prosperity.
Alliance for Prosperity is a network of organizations that aims to work towards a better comprehensive financial system globally. Along with this, the organization offers to encourage blockchain technology.
Each and every individual in the organization encourages blockchain technology. The individuals are coming with unique approaches and strategic plans to develop blockchain technology. The Dove Wallet enables its users to buy and sell digital assets along with the stable assets of the Celo dollar. The Dove Wallets also lets you make use of the fiat money which enables you to use most currencies in the world for buying and selling crypto assets.
Currently, Dove Wallet is planning to make a “tipping” platform which enables the users to send small amounts online to people of various different communities. Collaborating with Celo Alliance, Dove Wallet aims to develop networking and work with other leaders of the blockchain world to encourage blockchain technology worldwide.
CryptoKitties Launches Artist Series Inspired by Blockchain Ecosystem
CryptoKitties is excited to launch the Artist Series collection, which is influenced by the creative aspects of the blockchain ecosystem. The very first set features four CryptoKitties by Momo Wang. Wang is a globally acclaimed illustrator from Beijing.
Wang is the creator of the world-famous character Tuzki. Tuzki is a basic character design of a bunny inspired by line drawing. The character is widely recognized in China and used in text messages as a sticker. The Tuzki sticker is widely used on Facebook and WeChat, and approximately 40M stickers are sent daily.
The characters created by Wang features cats that are inspired by DADA costumes for the ballet. Each of these characters holds the legitimate take on the inherited look of the CryptoKitty. The second character’s look will be revealing something very different from previous character designs. The first CryptoKitty designed by Wang, Catterina, is a limited edition character created for a particular time period worth $100. Catterina is available only on Nifty Gateway.
The earning from the sale will be contributed to Feeding America and Food Banks Canada to extend a helping hand to the affected communities due to the COVID-19 outbreak.
To increase the collection through propagation, two exceptional Momo Wang Kitties characters are reserved as Fancies to satisfy the user’s desire. One of these Kitty characters can be a perfect pairing partner for Catterina. The very first Momo Wang Fancy will be available from May 23, 2020, for a limited period of time.
CryptoKitties is excited to launch the Artist Series collection, which is influenced by the creative aspects of the blockchain ecosystem. The very first set features four CryptoKitties by Momo Wang. Wang is a globally acclaimed illustrator from Beijing.
Wang is the creator of the world-famous character Tuzki. Tuzki is a basic character design of a bunny inspired by line drawing. The character is widely recognized in China and used in text messages as a sticker. The Tuzki sticker is widely used on Facebook and WeChat, and approximately 40M stickers are sent daily.
The characters created by Wang features cats that are inspired by DADA costumes for the ballet. Each of these characters holds the legitimate take on the inherited look of the CryptoKitty. The second character’s look will be revealing something very different from previous character designs. The first CryptoKitty designed by Wang, Catterina, is a limited edition character created for a particular time period worth $100. Catterina is available only on Nifty Gateway.
The earning from the sale will be contributed to Feeding America and Food Banks Canada to extend a helping hand to the affected communities due to the COVID-19 outbreak.
To increase the collection through propagation, two exceptional Momo Wang Kitties characters are reserved as Fancies to satisfy the user’s desire. One of these Kitty characters can be a perfect pairing partner for Catterina. The very first Momo Wang Fancy will be available from May 23, 2020, for a limited period of time.
ChainSafe Launches ChainBridge; Ethereum Classic Lab Initiates Support
ChainSafe is ecstatic to announce the launch of ChainBridge. ChainBridge is a modular multi-directional blockchain bridge that enables data transfer between blockchain. ChainSafe believes that blockchain technology will enable interaction with one another amidst major networks. The development of ChainBridge aims to achieve precise performance in a decentralized and cynical manner.
As of now, ChainBridge is initiating support for Ethereum, Ethereum Classic, and Cosmos-SDK based chains. Decentralized Finance has lately been the most adopted use case for Ethereum and Ethereum Classic users. ChainBridge will enable its users to secure their ETC and transfer its value to Ethereum, where the bridge will mint Synthetic ETC. ChainBridge functions in two-way that enable its users to make the transfer of assets that they have received after making an investment in DeFi.
The CEO of ChainSafe Systems Aidan Hyman quoted,
Aidan Hyman quoted
Ethereum Classic is excited to extend support to ChainSafe for developing ChainBridge. The bridge will allow transferring whimsical data from one blockchain platform to another. Both organizations believe that there are many opportunities where Ethereum Classic and Ethereum can make mutual development. And in the near future, organizations can be optimistic about adopting blockchain.
Talking about the collaboration, James Wo, the Founder of ETC Labs, said that Chainsafe had been a valuable partner for their organization that helps ETC to continue the growth while working with other blockchain technologies. This further provides smooth integration and increases developers’ value. Chainbridge has the ability that it can eventually be extended to any blockchain network.
Chainsafe Systems is the firm that assists blockchain research and works on necessary development on the platform with an aim to construct an infrastructure for Web3. Chainsafe has been an active contributor to Cosmos, Polkadot, and Filecoin ecosystems.
ETC Labs aims to build an easily approachable and best-quality technology. They aim to use technology to maintain the strategic plans as it is in the regulated ecosystem. The major aim is to accomplish the goal of improving people’s lives using the globally acclaimed public blockchain, Ethereum Classic.
ChainSafe is ecstatic to announce the launch of ChainBridge. ChainBridge is a modular multi-directional blockchain bridge that enables data transfer between blockchain. ChainSafe believes that blockchain technology will enable interaction with one another amidst major networks. The development of ChainBridge aims to achieve precise performance in a decentralized and cynical manner.
As of now, ChainBridge is initiating support for Ethereum, Ethereum Classic, and Cosmos-SDK based chains. Decentralized Finance has lately been the most adopted use case for Ethereum and Ethereum Classic users. ChainBridge will enable its users to secure their ETC and transfer its value to Ethereum, where the bridge will mint Synthetic ETC. ChainBridge functions in two-way that enable its users to make the transfer of assets that they have received after making an investment in DeFi.
The CEO of ChainSafe Systems Aidan Hyman quoted,
Aidan Hyman quoted
Ethereum Classic is excited to extend support to ChainSafe for developing ChainBridge. The bridge will allow transferring whimsical data from one blockchain platform to another. Both organizations believe that there are many opportunities where Ethereum Classic and Ethereum can make mutual development. And in the near future, organizations can be optimistic about adopting blockchain.
Talking about the collaboration, James Wo, the Founder of ETC Labs, said that Chainsafe had been a valuable partner for their organization that helps ETC to continue the growth while working with other blockchain technologies. This further provides smooth integration and increases developers’ value. Chainbridge has the ability that it can eventually be extended to any blockchain network.
Chainsafe Systems is the firm that assists blockchain research and works on necessary development on the platform with an aim to construct an infrastructure for Web3. Chainsafe has been an active contributor to Cosmos, Polkadot, and Filecoin ecosystems.
ETC Labs aims to build an easily approachable and best-quality technology. They aim to use technology to maintain the strategic plans as it is in the regulated ecosystem. The major aim is to accomplish the goal of improving people’s lives using the globally acclaimed public blockchain, Ethereum Classic.
Bitcoin and Ethereum Users Complain About Rising 'Ridiculous' Fees
While Bitcoin (BTC) fees keep rising, Ethereum (ETH) fees are also getting more expensive.
Bitcoin fees have been rising following the third halving. On May 12, the average transaction fee reached USD 2.79, the highest in ten months, jumping further to USD 5.16 on May 14. Bitinfocharts.com shows the 7-day moving average jumping since May 12's USD 2.493 to USD 3.088 two days later.
In the same period, the median transaction fee climbed 55% - from 1.797 to 2.781. The 7-day moving average shows an increase of 25% to USD 1.814. On April 1, it stood at USD 0.366 and was 395% higher on May 14.
"This is ridiculous," - commented Redditor 'miciomacho'. "Bitcoin just doesn’t scale. 72 blocks in mempool & a median fee of USD 3.19 on the second block." They added that this kind of fee wasn't intentional by design, but rather a result of an overcrowded mempool, where all the valid transactions wait to be confirmed by the Bitcoin network. "By the way, if the mempool keeps being overcrowded the fees will keep rising because people just want priority over others to be confirmed," the poster said.
The actual cost of a transaction on the Bitcoin network is about USD 35, argues 'harfatum', saying that most of it is subsidized by block rewards, "but as that diminishes the users will be forced to carry greater amounts of that burden." Still, some people are willing to pay higher fees. 'mysteelersrock82' believes this is a "small price you pay for having a truly decentralized network that is also the most secure network on the planet."
Meanwhile, "Ethereum transaction fees are ridiculous as well," says says 'phillipsjk'. Redditor 'ma6ic' also noted the crowded transactions, arguing that "if the upward trajectory continues and fomo fear of missing out sets in, both networks are going to chug to a halt."
Ethereum median fees have also increased in double digits this month. The 7-day moving average is up by 82%, to USD 0.153 on May 14. Since April 1, it jumped by 337%.
Median transaction fee, USD, 7-day simple moving average:
While Bitcoin (BTC) fees keep rising, Ethereum (ETH) fees are also getting more expensive.
Bitcoin fees have been rising following the third halving. On May 12, the average transaction fee reached USD 2.79, the highest in ten months, jumping further to USD 5.16 on May 14. Bitinfocharts.com shows the 7-day moving average jumping since May 12's USD 2.493 to USD 3.088 two days later.
In the same period, the median transaction fee climbed 55% - from 1.797 to 2.781. The 7-day moving average shows an increase of 25% to USD 1.814. On April 1, it stood at USD 0.366 and was 395% higher on May 14.
"This is ridiculous," - commented Redditor 'miciomacho'. "Bitcoin just doesn’t scale. 72 blocks in mempool & a median fee of USD 3.19 on the second block." They added that this kind of fee wasn't intentional by design, but rather a result of an overcrowded mempool, where all the valid transactions wait to be confirmed by the Bitcoin network. "By the way, if the mempool keeps being overcrowded the fees will keep rising because people just want priority over others to be confirmed," the poster said.
The actual cost of a transaction on the Bitcoin network is about USD 35, argues 'harfatum', saying that most of it is subsidized by block rewards, "but as that diminishes the users will be forced to carry greater amounts of that burden." Still, some people are willing to pay higher fees. 'mysteelersrock82' believes this is a "small price you pay for having a truly decentralized network that is also the most secure network on the planet."
Meanwhile, "Ethereum transaction fees are ridiculous as well," says says 'phillipsjk'. Redditor 'ma6ic' also noted the crowded transactions, arguing that "if the upward trajectory continues and fomo fear of missing out sets in, both networks are going to chug to a halt."
Ethereum median fees have also increased in double digits this month. The 7-day moving average is up by 82%, to USD 0.153 on May 14. Since April 1, it jumped by 337%.
Median transaction fee, USD, 7-day simple moving average:
FTX Launches Futures Contracts on Bitcoin Hashrate
In what is likely to be the first such offering in the world, a crypto derivatives exchange has announced the launch of a new futures market that represents hashrate, or the computational power, of the Bitcoin (BTC) network.
Announced today by Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, the new product drew mixed reactions from the community, with some hailing it as a “great for miners,” and others suggesting it is another unnecessary trading product.
Regardless of how useful the new futures contracts may be for regular retail traders, it may certainly offer some benefits for miners as they seek to hedge risks associated with fluctuating hashrate on the network.
According to FTX’s contract specifications, their new hashrate futures “expire to the average BTC mining difficulty over a period of time,” meaning that they “roughly represent” the total hashpower used on the Bitcoin network. For example, the BTC-HASH-2020Q3 contract “settles to the average difficulty of bitcoin blocks mined during 2020 Q3,” divided by 1 trillion, the exchange said.
The idea of adding hashrate futures was first raised by FTX in a blog post in August last year, where Bankman-Fried said that they “are looking into hashrate, BTC dominance, and commodity futures” for listing on the exchange.
The bitcoin hashrate has risen fairly consistently over the past 12 months, but took a marked hit in March and dropped again after the third Bitcoin mining reward halving on May 11. However, it seems that hashrate has started moving up today again.
In either case, as reported, it might take weeks until we have a clear picture of the Bitcoin network after the halving.
FTX, which is backed by Binance, also made headlines earlier this year when it launched a futures contract that tracks the probability of Donald Trump winning the next US presidential election. The TRUMP contract is still trading on FTX, and is currently indicating a 50.1% probability that Trump will win the election.
In what is likely to be the first such offering in the world, a crypto derivatives exchange has announced the launch of a new futures market that represents hashrate, or the computational power, of the Bitcoin (BTC) network.
Announced today by Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, the new product drew mixed reactions from the community, with some hailing it as a “great for miners,” and others suggesting it is another unnecessary trading product.
Regardless of how useful the new futures contracts may be for regular retail traders, it may certainly offer some benefits for miners as they seek to hedge risks associated with fluctuating hashrate on the network.
According to FTX’s contract specifications, their new hashrate futures “expire to the average BTC mining difficulty over a period of time,” meaning that they “roughly represent” the total hashpower used on the Bitcoin network. For example, the BTC-HASH-2020Q3 contract “settles to the average difficulty of bitcoin blocks mined during 2020 Q3,” divided by 1 trillion, the exchange said.
The idea of adding hashrate futures was first raised by FTX in a blog post in August last year, where Bankman-Fried said that they “are looking into hashrate, BTC dominance, and commodity futures” for listing on the exchange.
The bitcoin hashrate has risen fairly consistently over the past 12 months, but took a marked hit in March and dropped again after the third Bitcoin mining reward halving on May 11. However, it seems that hashrate has started moving up today again.
In either case, as reported, it might take weeks until we have a clear picture of the Bitcoin network after the halving.
FTX, which is backed by Binance, also made headlines earlier this year when it launched a futures contract that tracks the probability of Donald Trump winning the next US presidential election. The TRUMP contract is still trading on FTX, and is currently indicating a 50.1% probability that Trump will win the election.
Bitcoin Topside Bias Vulnerable Below USD 10K, Altcoins Consolidate
☄️Bitcoin price is facing a strong resistance near USD 10,000.
☄️Ethereum and XRP are consolidating above USD 210 and USD 0.200 respectively.
☄️STEEM and SOLVE rallied more than 15% today.
Bitcoin price started a downside correction after it failed to clear the USD 9,500 and USD 10,000 resistance levels. BTC/USD traded below the USD 9,850 support and tested USD 9,550. The price is currently (09:00 UTC) stuck in a range and seems to be facing a strong resistance near USD 10,000.
Looking at most major altcoins, there were range moves in ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is currently consolidating above USD 210, with a key resistance near USD 215. Similarly, XPR is consolidating gains above USD 0.200 and it must surpass USD 0.210 for a sustained upward move.
Bitcoin price
After struggling to clear the USD 10,000 barrier, bitcoin price corrected lower below USD 9,850. It even traded below USD 9,700 and tested the USD 9,550 support level. The price is currently trading in a range above USD 9,700 and it might again rise towards the key USD 9,950 and USD 10,000 resistance levels.
To start another strong increase, the price must settle above the USD 10,000 resistance. If not, the bears are likely to aim a substantial downside correction towards USD 9,200 or even USD 9,000.
Ethereum price
Ethereum price corrected lower and tested the USD 205 zone. ETH is currently trading above USD 210 and it is facing a couple of strong hurdles near the USD 215 and USD 218 levels. The main resistance is still near the USD 220 level.
On the downside, an initial support is near the USD 205 level. The main support is near the USD 200 handle, below which the price might accelerate lower towards the USD 192 level.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price is trading above the USD 240 and USD 245 levels. At the outset, BCH is consolidating near USD 250 and it seems like the bulls are eyeing a test of the USD 260 and USD 265 resistance levels. On the downside, the first key support is near the USD 240 level, below which it could test USD 225.
Litecoin settled above the USD 45.00 level, but it seems to be facing a couple of key hurdles near the USD 46.50 level. If there is a successful break above the USD 46.50 level, LTC price might continue to rise towards the USD 48.50 and USD 50.00 levels.
XRP price is trading well above the USD 0.200 and USD 0.202 levels. On the upside, the USD 0.209 and USD 0.210 levels are key barriers for the bulls. If they succeed, the price might rise steadily towards the USD 0.220 and USD 0.225 levels in the near term. Conversely, it might slide below USD 0.200 and revisit the USD 0.190 support.
Other altcoins market today
In the past three sessions, a few small altcoins gained more than 5%, including STEEM, SOLVE, MONA, ETN, FXC, QNT, and NANO. Conversely, BHT, NMR, CRPT, ZIL, LEND, and CKB are down more than 5%.
Overall, bitcoin is facing an uphill task near the USD 9,950 and USD 10,000 levels. Therefore, the next few sessions might be crucial and BTC could either rise sharply towards USD 10,000 or start a steady decline towards USD 9,200 or even USD 9,000.
Total market capitalization:
☄️Bitcoin price is facing a strong resistance near USD 10,000.
☄️Ethereum and XRP are consolidating above USD 210 and USD 0.200 respectively.
☄️STEEM and SOLVE rallied more than 15% today.
Bitcoin price started a downside correction after it failed to clear the USD 9,500 and USD 10,000 resistance levels. BTC/USD traded below the USD 9,850 support and tested USD 9,550. The price is currently (09:00 UTC) stuck in a range and seems to be facing a strong resistance near USD 10,000.
Looking at most major altcoins, there were range moves in ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is currently consolidating above USD 210, with a key resistance near USD 215. Similarly, XPR is consolidating gains above USD 0.200 and it must surpass USD 0.210 for a sustained upward move.
Bitcoin price
After struggling to clear the USD 10,000 barrier, bitcoin price corrected lower below USD 9,850. It even traded below USD 9,700 and tested the USD 9,550 support level. The price is currently trading in a range above USD 9,700 and it might again rise towards the key USD 9,950 and USD 10,000 resistance levels.
To start another strong increase, the price must settle above the USD 10,000 resistance. If not, the bears are likely to aim a substantial downside correction towards USD 9,200 or even USD 9,000.
Ethereum price
Ethereum price corrected lower and tested the USD 205 zone. ETH is currently trading above USD 210 and it is facing a couple of strong hurdles near the USD 215 and USD 218 levels. The main resistance is still near the USD 220 level.
On the downside, an initial support is near the USD 205 level. The main support is near the USD 200 handle, below which the price might accelerate lower towards the USD 192 level.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price is trading above the USD 240 and USD 245 levels. At the outset, BCH is consolidating near USD 250 and it seems like the bulls are eyeing a test of the USD 260 and USD 265 resistance levels. On the downside, the first key support is near the USD 240 level, below which it could test USD 225.
Litecoin settled above the USD 45.00 level, but it seems to be facing a couple of key hurdles near the USD 46.50 level. If there is a successful break above the USD 46.50 level, LTC price might continue to rise towards the USD 48.50 and USD 50.00 levels.
XRP price is trading well above the USD 0.200 and USD 0.202 levels. On the upside, the USD 0.209 and USD 0.210 levels are key barriers for the bulls. If they succeed, the price might rise steadily towards the USD 0.220 and USD 0.225 levels in the near term. Conversely, it might slide below USD 0.200 and revisit the USD 0.190 support.
Other altcoins market today
In the past three sessions, a few small altcoins gained more than 5%, including STEEM, SOLVE, MONA, ETN, FXC, QNT, and NANO. Conversely, BHT, NMR, CRPT, ZIL, LEND, and CKB are down more than 5%.
Overall, bitcoin is facing an uphill task near the USD 9,950 and USD 10,000 levels. Therefore, the next few sessions might be crucial and BTC could either rise sharply towards USD 10,000 or start a steady decline towards USD 9,200 or even USD 9,000.
Total market capitalization:
BitPay Processes More Volume, Transaction Count Remains Unchanged
In the first quarter this year, US-based major crypto payments company BitPay processed 10% more volume in USD, compared to the last three months of 2019, while the number of transactions remained unchanged.
It includes all cryptoassets the company supports, with bitcoin (BTC) representing the largest part, BitPay’s Chief Marketing Officer (CMO) Bill Zielke told Cryptonews.com without specifying. Key verticals driving this increase were financial services, currency exchange, computer software and engineering, and IT services. These saw increases by 11%-40%, Zielke said, adding that the company plans to launch its stats page later this summer.
Also, despite the turbulence in the financial markets in addition to the fluctuating price of BTC, the number of processed transactions through BitPay remained unchanged, Zielke said, without providing numbers. According to him, during the Coronavirus pandemic-caused isolation and house quarantines, with people being required to stay home, they continue to shop through ecommerce and online channels. GiftCards "have also seen large spike as people have been buying a lot more gift cards from the BitPay app or gift card sites like eGifter.com," Zielke said.
As for new trends, BitPay have seen an increase in spending in the UK and Europe in specific business niches, including domain hosting companies like Namecheap, video game providers like Microsoft Xbox, and delivery services like Takeaways.com, all of which have seen their volumes steadily increase, according to the CMO.
Last week, the company said it onboarded Beliani, a Europe-based web-only international seller of furniture and home accessories, that had over 1 million customers across 16 countries in Europe.
Besides BTC, BitPay supports etherum (ETH), bitcoin cash (BCH), XRP, as well as four dollar-pegged stablecoins, USD coin (USDC), gemini dollar (GUSD), paxos standard token (PAX), and binance USD (BUSD).
BitPay processed USD 1 billion in transactions in 2018, or second year in a row.
In the first quarter this year, US-based major crypto payments company BitPay processed 10% more volume in USD, compared to the last three months of 2019, while the number of transactions remained unchanged.
It includes all cryptoassets the company supports, with bitcoin (BTC) representing the largest part, BitPay’s Chief Marketing Officer (CMO) Bill Zielke told Cryptonews.com without specifying. Key verticals driving this increase were financial services, currency exchange, computer software and engineering, and IT services. These saw increases by 11%-40%, Zielke said, adding that the company plans to launch its stats page later this summer.
Also, despite the turbulence in the financial markets in addition to the fluctuating price of BTC, the number of processed transactions through BitPay remained unchanged, Zielke said, without providing numbers. According to him, during the Coronavirus pandemic-caused isolation and house quarantines, with people being required to stay home, they continue to shop through ecommerce and online channels. GiftCards "have also seen large spike as people have been buying a lot more gift cards from the BitPay app or gift card sites like eGifter.com," Zielke said.
As for new trends, BitPay have seen an increase in spending in the UK and Europe in specific business niches, including domain hosting companies like Namecheap, video game providers like Microsoft Xbox, and delivery services like Takeaways.com, all of which have seen their volumes steadily increase, according to the CMO.
Last week, the company said it onboarded Beliani, a Europe-based web-only international seller of furniture and home accessories, that had over 1 million customers across 16 countries in Europe.
Besides BTC, BitPay supports etherum (ETH), bitcoin cash (BCH), XRP, as well as four dollar-pegged stablecoins, USD coin (USDC), gemini dollar (GUSD), paxos standard token (PAX), and binance USD (BUSD).
BitPay processed USD 1 billion in transactions in 2018, or second year in a row.
Bitcoin and Altcoins Vulnerable to a Further Correction
🔥Bitcoin price started a fresh decline after multiple failures below USD 10,000.
🔥Ethereum is now trading below USD 210 and XRP broke the USD 0.200 support.
🔥THETA outperformed the market and rallied more than 40% to USD 0.315.
Bitcoin price made many attempts to overcome the USD 9,950 and USD 10,000 resistance levels, but it failed. As a result, BTC reacted to the downside and broke a couple of key supports near the USD 9,550 level. It has opened the doors for a downside correction towards USD 9,000 or even USD 8,850.
Similarly, most major altcoins started a fresh decline and followed bitcoin, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is down (08:30 UTC) close to 3% and it broke the USD 210 support zone. XPR is also sliding and it is now trading below the USD 0.200 support.
Bitcoin price
After another rejection close to USD 9,900, bitcoin price started a decline. BTC broke the USD 9,600 and USD 9,550 support levels to move into a short term bearish zone. The price is down close to 4% and it is now approaching the USD 9,400 level. The next key supports on the downside are near USD 9,200 and USD 9,000.
On the upside, the previous supports near USD 9,550 and USD 9,600 may now act as hurdles in the coming sessions.
Ethereum price
Ethereum price followed bitcoin and declined from the USD 215 resistance zone. ETH traded below the USD 212 and USD 210 support levels. It is now approaching the USD 205 support level, below which the bears are likely to aim a test of the USD 200 handle.
To move back into a positive zone, the price must climb above USD 212. Still, the main hurdles are near the USD 215 and USD 216 resistance levels.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price declined steadily and broke the USD 240 support level. BCH is likely to continue lower towards the USD 230 support level. Any further losses might lead the price towards the USD 222 and USD 220 support levels. To the topside, the USD 245 and USD 250 levels are likely to prevent an upside break in the near term.
Litecoin broke the USD 45.00 support zone to start a fresh decline. LTC even traded below the USD 44.00 level and it is likely to continue lower towards the USD 42.20 support. The main uptrend support is near USD 40.00, below which the bears could take control and push the price towards the USD 38.00 and USD 36.50 levels.
XRP price struggled to stay above the USD 0.205 and declined recently. The price broke the USD 0.202 and USD 0.200 support levels. The current price action suggests that the bears are aiming a test of the USD 0.192 and USD 0.190 support levels in the next 2-3 sessions.
Other altcoins market today
In the past three sessions, many small altcoins declined more than 5%, including STEEM, ETN, HYN, ABBC, DGB, CRPT, NANO, SNT, and MATIC. Out of these, STEEM is down more than 25% and ETN declined nearly 20%.
To sum up, bitcoin price finally reacted to the downside and broke the key USD 9,550 support. If BTC continues to move down below USD 9,400, it could even revisit the USD 9,000 support zone.
Total market capitalization:
🔥Bitcoin price started a fresh decline after multiple failures below USD 10,000.
🔥Ethereum is now trading below USD 210 and XRP broke the USD 0.200 support.
🔥THETA outperformed the market and rallied more than 40% to USD 0.315.
Bitcoin price made many attempts to overcome the USD 9,950 and USD 10,000 resistance levels, but it failed. As a result, BTC reacted to the downside and broke a couple of key supports near the USD 9,550 level. It has opened the doors for a downside correction towards USD 9,000 or even USD 8,850.
Similarly, most major altcoins started a fresh decline and followed bitcoin, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD is down (08:30 UTC) close to 3% and it broke the USD 210 support zone. XPR is also sliding and it is now trading below the USD 0.200 support.
Bitcoin price
After another rejection close to USD 9,900, bitcoin price started a decline. BTC broke the USD 9,600 and USD 9,550 support levels to move into a short term bearish zone. The price is down close to 4% and it is now approaching the USD 9,400 level. The next key supports on the downside are near USD 9,200 and USD 9,000.
On the upside, the previous supports near USD 9,550 and USD 9,600 may now act as hurdles in the coming sessions.
Ethereum price
Ethereum price followed bitcoin and declined from the USD 215 resistance zone. ETH traded below the USD 212 and USD 210 support levels. It is now approaching the USD 205 support level, below which the bears are likely to aim a test of the USD 200 handle.
To move back into a positive zone, the price must climb above USD 212. Still, the main hurdles are near the USD 215 and USD 216 resistance levels.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price declined steadily and broke the USD 240 support level. BCH is likely to continue lower towards the USD 230 support level. Any further losses might lead the price towards the USD 222 and USD 220 support levels. To the topside, the USD 245 and USD 250 levels are likely to prevent an upside break in the near term.
Litecoin broke the USD 45.00 support zone to start a fresh decline. LTC even traded below the USD 44.00 level and it is likely to continue lower towards the USD 42.20 support. The main uptrend support is near USD 40.00, below which the bears could take control and push the price towards the USD 38.00 and USD 36.50 levels.
XRP price struggled to stay above the USD 0.205 and declined recently. The price broke the USD 0.202 and USD 0.200 support levels. The current price action suggests that the bears are aiming a test of the USD 0.192 and USD 0.190 support levels in the next 2-3 sessions.
Other altcoins market today
In the past three sessions, many small altcoins declined more than 5%, including STEEM, ETN, HYN, ABBC, DGB, CRPT, NANO, SNT, and MATIC. Out of these, STEEM is down more than 25% and ETN declined nearly 20%.
To sum up, bitcoin price finally reacted to the downside and broke the key USD 9,550 support. If BTC continues to move down below USD 9,400, it could even revisit the USD 9,000 support zone.
Total market capitalization:
Trezor Team Making a Bitcoin Wallet Chip to Disrupt Multi-M Dollar Industry
SatoshiLabs, the manufacturer of the Trezor hardware wallet, has announced a new initiative, dubbed 'Tropic Square', the goal of which is to create open-source chips.
Tropic Square stands for 'TRuly OPen IC,' and is a new company built by SatoshiLabs founders Pavol Rusnák and Marek Palatinus, joined by CEO Evžen Englberth and Chief Technology Officer Jan Pleskač. The team claims the company will disrupt a multi-million dollar industry and be beneficial for the crypto and hardware wallet, but also other industries, hardware manufacturers, and their customers. This they plan to accomplish via an open, fully auditable chip, the announcement said, without providing a specific timeline.
Coming from the Bitcoin (BTC) background and its "Don’t Trust, Verify" message, Trezor argues that certification can't replace independent reviews. The wallet itself was built on the principles of transparency and self-sovereignty, they said, while the beauty of open-source is that anybody can study and audit the entire content, which is, therefore, being constantly reviewed by thousands of reviewers - a point critical for BTC, as understanding leads to decentralization.
However, not everything in BTC open-source, they add. One of these are the special chips called "secure elements," which claim to be secure because they've been awarded certifications. But their claim can't be verified as they are closed and require a non-disclosure agreement (NDA). Looking at a reviewed certified option, the team found several critical flaws that can result in the keys being stolen from the chip with no special hardware - attacks they claim nobody tested against. "We did not even try very hard to break the chip," said the team. The vendor wouldn't tell the customer of the vulnerability, and neither could Trezor because of the NDA.
Tropic Square's solution is not customizing these chips, as NDAs would still stand, and it wouldn't solve the problem, but creating as open chip as possible in order "to provide access to design specification, verification, and testing without obscurity." The project promised a chip without NDAs, hidden clauses, or limitations.
SatoshiLabs, the manufacturer of the Trezor hardware wallet, has announced a new initiative, dubbed 'Tropic Square', the goal of which is to create open-source chips.
Tropic Square stands for 'TRuly OPen IC,' and is a new company built by SatoshiLabs founders Pavol Rusnák and Marek Palatinus, joined by CEO Evžen Englberth and Chief Technology Officer Jan Pleskač. The team claims the company will disrupt a multi-million dollar industry and be beneficial for the crypto and hardware wallet, but also other industries, hardware manufacturers, and their customers. This they plan to accomplish via an open, fully auditable chip, the announcement said, without providing a specific timeline.
Coming from the Bitcoin (BTC) background and its "Don’t Trust, Verify" message, Trezor argues that certification can't replace independent reviews. The wallet itself was built on the principles of transparency and self-sovereignty, they said, while the beauty of open-source is that anybody can study and audit the entire content, which is, therefore, being constantly reviewed by thousands of reviewers - a point critical for BTC, as understanding leads to decentralization.
However, not everything in BTC open-source, they add. One of these are the special chips called "secure elements," which claim to be secure because they've been awarded certifications. But their claim can't be verified as they are closed and require a non-disclosure agreement (NDA). Looking at a reviewed certified option, the team found several critical flaws that can result in the keys being stolen from the chip with no special hardware - attacks they claim nobody tested against. "We did not even try very hard to break the chip," said the team. The vendor wouldn't tell the customer of the vulnerability, and neither could Trezor because of the NDA.
Tropic Square's solution is not customizing these chips, as NDAs would still stand, and it wouldn't solve the problem, but creating as open chip as possible in order "to provide access to design specification, verification, and testing without obscurity." The project promised a chip without NDAs, hidden clauses, or limitations.
Bitcoin and Altcoins Recovery Could Be Short-Lived
☄️Bitcoin price extended its decline towards USD 8,800 before correcting higher.
☄️Ethereum correcting higher from USD 192 and XRP is facing hurdles near USD 0.200.
☄️OMG rallied more than 50% and SOLVE is up more than 40% today.
Yesterday, we saw a strong bearish wave below the USD 9,550 support zone. It opened the doors for more losses and BTC price traded below the USD 9,200 support. The price tested the USD 8,800 support and it is currently (08:30 UTC) correcting higher above USD 9,000.
Similarly, most major altcoins declined sharply below many supports, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD tested the main USD 192 support zone and it is currently correcting higher above USD 198. XRP is also correcting higher, but it may struggle near the USD 0.200 and USD 0.202 levels.
Bitcoin price
After a successful break below the key USD 9,550 support, bitcoin price extended its decline below the USD 9,200 support. BTC even spiked below USD 9,000 and tested the USD 8,800 support. The price is currently rising and it is trading above USD 9,000. An initial resistance on the upside is near the USD 9,200 and USD 9,250 levels. The main resistance is now forming near USD 9,550 level.
On the downside, the USD 9,000 level is a short-term support. The key support is near USD 8,800, below which the price could decline towards USD 8,400.
Ethereum price
Ethereum price followed bitcoin and declined sharply below the USD 200 support. ETH/USD even broke the USD 195 support, but it found a strong support near the USD 192 level. The price is currently recovering and trading above USD 200.
To move back into a positive zone, the price must reclaim the USD 202 level. The next key resistance may perhaps be near the USD 205 and USD 206 levels.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price dived below the USD 240 and USD 230 support levels. BCH tested the USD 220 support and it is currently rising. The price is testing the USD 230 level and it seems like it could correct further higher towards the USD 235 and USD 240 levels. On the downside, the main support zone for the bulls remain near the USD 220 level.
Litecoin also declined sharply and broke the USD 43.20 support. LTC tested the USD 42.00 support zone and it is currently correcting higher. On the upside, the price might struggle to move back above the USD 44.50 and USD 45.00 resistance levels. Conversely, a break below USD 42.00 may possibly lead the price towards USD 40.00.
XRP price failed to stay above the USD 195 support zone and even spiked below USD 0.192. It tested the USD 0.190 support zone and recently recovered. The price is now trading above the USD 0.195 level, but it is likely to struggle near the USD 0.200 and USD 0.202 resistance levels.
Other altcoins market today
In the past few hours, a few small altcoins rallied more than 10%, including OMG, SOLVE, HC, BCN, ELF, STX, DGB, BHT, and ZIL. Conversely, THETA, STEEM, ZRX, LEND, and FXC declined more than 8%.
Overall, bitcoin price is back in a bearish zone below USD 9,550 and USD 9,200. If BTC slides below the main USD 8,800 support, there are chances of a strong bearish continuation towards USD 8,400 or USD 8,200.
Total market capitalization:
☄️Bitcoin price extended its decline towards USD 8,800 before correcting higher.
☄️Ethereum correcting higher from USD 192 and XRP is facing hurdles near USD 0.200.
☄️OMG rallied more than 50% and SOLVE is up more than 40% today.
Yesterday, we saw a strong bearish wave below the USD 9,550 support zone. It opened the doors for more losses and BTC price traded below the USD 9,200 support. The price tested the USD 8,800 support and it is currently (08:30 UTC) correcting higher above USD 9,000.
Similarly, most major altcoins declined sharply below many supports, including ethereum, XRP, litecoin, bitcoin cash, BNB, EOS, TRX, ADA, and XLM. ETH/USD tested the main USD 192 support zone and it is currently correcting higher above USD 198. XRP is also correcting higher, but it may struggle near the USD 0.200 and USD 0.202 levels.
Bitcoin price
After a successful break below the key USD 9,550 support, bitcoin price extended its decline below the USD 9,200 support. BTC even spiked below USD 9,000 and tested the USD 8,800 support. The price is currently rising and it is trading above USD 9,000. An initial resistance on the upside is near the USD 9,200 and USD 9,250 levels. The main resistance is now forming near USD 9,550 level.
On the downside, the USD 9,000 level is a short-term support. The key support is near USD 8,800, below which the price could decline towards USD 8,400.
Ethereum price
Ethereum price followed bitcoin and declined sharply below the USD 200 support. ETH/USD even broke the USD 195 support, but it found a strong support near the USD 192 level. The price is currently recovering and trading above USD 200.
To move back into a positive zone, the price must reclaim the USD 202 level. The next key resistance may perhaps be near the USD 205 and USD 206 levels.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price dived below the USD 240 and USD 230 support levels. BCH tested the USD 220 support and it is currently rising. The price is testing the USD 230 level and it seems like it could correct further higher towards the USD 235 and USD 240 levels. On the downside, the main support zone for the bulls remain near the USD 220 level.
Litecoin also declined sharply and broke the USD 43.20 support. LTC tested the USD 42.00 support zone and it is currently correcting higher. On the upside, the price might struggle to move back above the USD 44.50 and USD 45.00 resistance levels. Conversely, a break below USD 42.00 may possibly lead the price towards USD 40.00.
XRP price failed to stay above the USD 195 support zone and even spiked below USD 0.192. It tested the USD 0.190 support zone and recently recovered. The price is now trading above the USD 0.195 level, but it is likely to struggle near the USD 0.200 and USD 0.202 resistance levels.
Other altcoins market today
In the past few hours, a few small altcoins rallied more than 10%, including OMG, SOLVE, HC, BCN, ELF, STX, DGB, BHT, and ZIL. Conversely, THETA, STEEM, ZRX, LEND, and FXC declined more than 8%.
Overall, bitcoin price is back in a bearish zone below USD 9,550 and USD 9,200. If BTC slides below the main USD 8,800 support, there are chances of a strong bearish continuation towards USD 8,400 or USD 8,200.
Total market capitalization:
Charles Hoskinson Explains if Cardano will be Useless after Launch of Ethereum 2.0
In a recent interview with “Crypto Adapter”, Charles Hoskinson, the Co-founder of Ethereum, Cardano and IOHK CEO, said that all the core protocols of Cardano are already of the same degree or better than Ethereum. Hoskinson made the clarification when asked if Cardano will become unneeded after the launch of Ethereum 2.0.
He said he’s confident that Ethereum is not in any way superior to Cardano, as Cardano can perform all the proposed features of Ethereum 2.0 excellently beyond what Ethereum 2.0 will offer, hence, Ethereum 2.0 can’t render Cardano useless.
According to Hoskinson, all the core protocols of Cardano are better than what Ethereum 2.0 has to offer, he further added that the Cardano network has explicit blockchain based governance an areas Ethereum is yet to develop on.
The Cardano network consensus protocol is far better and has more efficient ideas to update the system with significantly improved network designs that are extremely better than all that was proposed in the Ethereum 2.0.
In addition to this, Hoskinson went further to reveal that Ethereum, instead of achieving essential proposals, focuses on too many goals. Once the Hydra protocol is initiated Cardano will be able to execute more than one million transactions in one second, another leapfrog that will place Cardano ahead of Ethereum.
Hoskinson is however skeptical about Ethereum transiting from the proof of work protocol to proof of stake in a timely manner that will guarantee purposefulness. He was of the opinion that such implementation is supposed to be immediate without unnecessary hesitation.
In a recent interview with “Crypto Adapter”, Charles Hoskinson, the Co-founder of Ethereum, Cardano and IOHK CEO, said that all the core protocols of Cardano are already of the same degree or better than Ethereum. Hoskinson made the clarification when asked if Cardano will become unneeded after the launch of Ethereum 2.0.
He said he’s confident that Ethereum is not in any way superior to Cardano, as Cardano can perform all the proposed features of Ethereum 2.0 excellently beyond what Ethereum 2.0 will offer, hence, Ethereum 2.0 can’t render Cardano useless.
According to Hoskinson, all the core protocols of Cardano are better than what Ethereum 2.0 has to offer, he further added that the Cardano network has explicit blockchain based governance an areas Ethereum is yet to develop on.
The Cardano network consensus protocol is far better and has more efficient ideas to update the system with significantly improved network designs that are extremely better than all that was proposed in the Ethereum 2.0.
In addition to this, Hoskinson went further to reveal that Ethereum, instead of achieving essential proposals, focuses on too many goals. Once the Hydra protocol is initiated Cardano will be able to execute more than one million transactions in one second, another leapfrog that will place Cardano ahead of Ethereum.
Hoskinson is however skeptical about Ethereum transiting from the proof of work protocol to proof of stake in a timely manner that will guarantee purposefulness. He was of the opinion that such implementation is supposed to be immediate without unnecessary hesitation.
