- Ripple price is facing an increase in selling pressure below the $0.2980 resistance against the US dollar.
- The price is likely to decline below the $0.2880 support before it could start a fresh increase.<...
- Ripple price is facing an increase in selling pressure below the $0.2980 resistance against the US dollar.
- The price is likely to decline below the $0.2880 support before it could start a fresh increase.
- There is a key bearish trend line forming with resistance near $0.2940 on the hourly chart of the XRP/USD pair (data source from Kraken).
- Ethereum is also declining, but it might find a strong support near the $175 level.
Ripple price is slowly declining below key supports against the US Dollar and bitcoin. XRP price might revisit the $0.2820 support before it could bounce back.
Ripple Price Analysis
After struggling to stay above $0.3050 and $0.3000, ripple started a slow and steady decline. XRP traded below the key $0.2950 support area to move into a short term bearish zone.
Moreover, there was a close below the $0.2950 level and the 100 hourly simple moving average. It opened the doors for more downsides and the price spiked below the $0.2880 support area.
The $0.2850 area provided support and the price recovered above $0.2920 and $0.2950. However, the price failed to stay above the $0.2950 level and even struggled to surpass the 100 hourly simple moving average.
A high was formed near $0.2972 and ripple is currently declining. It is trading near the $0.2920 support. An immediate support is near $0.2910, plus the 50% Fib retracement level of the upward move from the $0.2852 low to $0.2972 high.
The main supports are $0.2900, $0.2800, and the 61.8% Fib retracement level of the upward move from the $0.2852 low to $0.2972 high. If there is a downside break below the $0.2880 support, the price could revisit the $0.2850 and $0.2820 support levels.
On the upside, there are many hurdles near $0.2950 and $0.2980s. Additionally, there is a key bearish trend line forming with resistance near $0.2940 on the hourly chart of the XRP/USD pair. Therefore, an upside break above the $0.2950 level and the 100 hourly SMA is needed for a fresh upward move in the coming sessions.
Looking at the chart, ripple price is clearly declining below the key $0.2950 level. If the bulls fail to defend the $0.2880 support, there is a risk of more losses. The next key support is near $0.2820, below which the price may slide towards $0.2750. Conversely, a clear break above $0.2950 is needed for a decent recovery.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now moving back into the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now well below the 50 level, with a bearish angle.
Major Support Levels – $0.2900, $0.2880 and $0.2850.
Major Resistance Levels – $0.2940, $0.2950 and $0.3000.
The post Ripple (XRP) Price Set For Downside Thrust Before Higher appeared first on NewsBTC.
source https://www.tokentalk.co/NewsBTC/ripple-xrp-price-set-for-downside-thrust-before-higher-5dbbb9f13b5a709c14f64b6a
Thursday 31 October 2019
Ripple (XRP) Price Set For Downside Thrust Before Higher @newsbtc #Analysis #Technical #Ripple #xrp
Ethereum (ETH) Stuck In Range, Bitcoin Struggling Near $9K @newsbtc #Analysis #Technical #ETH #ethereum
- Ethereum price declined recently and traded below the $180 support area against the US Dollar.
- Bitcoin is under pressure and it seems to be struggling to stay above the $9,000 support.
- There is a...
- Ethereum price declined recently and traded below the $180 support area against the US Dollar.
- Bitcoin is under pressure and it seems to be struggling to stay above the $9,000 support.
- There is a new connecting bearish trend line forming with resistance near $183 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could start a decent upward move if it breaks the $183 and $185 resistance levels.
Ethereum price is showing a few bearish signs versus the US Dollar, similar to bitcoin. However, ETH price is likely to find a strong support near the $175 level.
Ethereum Price Analysis
In the past few sessions, there was a steady decline in Ethereum below the $185 support area against the US Dollar. Moreover, there was a close below the $185 level and the 100 hourly simple moving average.
Finally, ETH spiked below the $180 support and traded to a new intraday low near $177. Recently, there was an upside correction above the $180 and $182 levels.
Ethereum price managed to move above the 23.6% Fib retracement level of the recent drop from the $194 high to $177 low. However, the previous support near the $185 area acted as a resistance and prevented an upside break.
Besides, the pair failed to test the 50% Fib retracement level of the recent drop from the $194 high to $177 low. More importantly, there is a new connecting bearish trend line forming with resistance near $183 on the hourly chart of ETH/USD.
The 100 hourly SMA is also near the $183 level. Therefore, an upside break above the $183 level might push the price above the $185 resistance. The next key resistance is near the $188 level, followed by $190.
On the downside, an immediate support is near the $178 level. The main support is near the $175 level, where the bulls are likely to take a stand. If there is a downside break below the $175 level, there are chances of more losses below the $172 and $170 levels.
Looking at the chart, Ethereum price is struggling to hold the $180 and $178 supports. It could either break the $185 resistance or extend losses below the $175 support. Having said that, a clear break below the $175 support won’t be easy in the coming sessions. Below $175, the next buy zone could be near the $165 area.
ETH Technical Indicators
Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bearish zone.
Hourly RSI – The RSI for ETH/USD is currently decline and it is moving lower towards the 40 level.
Major Support Level – $175
Major Resistance Level – $185
The post Ethereum (ETH) Stuck In Range, Bitcoin Struggling Near $9K appeared first on NewsBTC.
source https://www.tokentalk.co/NewsBTC/ethereum-eth-stuck-in-range-bitcoin-struggling-near-9k-5dbbadc13b5a709c14f64b69
Bullish for Bitcoin? Analyst Warns of Growing Motives for Global De-Dollarisation @newsbtc #Bitcoin #bitcoin #De-dollarisation #International relations
A group of “very powerful nations” is increasingly making moves to reduce their dependence on the US dollar according to a global security analyst. Traditionally a planetary store of value, will Bitcoin bene...
A group of “very powerful nations” is increasingly making moves to reduce their dependence on the US dollar according to a global security analyst. Traditionally a planetary store of value, will Bitcoin benefit from such a global exodus from the dollar?
Anne Korin of the Institute for the Analysis of Global Security identifies strong motives inspiring China, Russia, and Europe to ditch the dollar as the asset favoured for global trade. She describes the situation as “unsustainable”.
Could Nations Turning Away from the Dollar Benefit Bitcoin?
Korin, the co-director of the Institute for the Analysis of Global Security, appeared on CNBC’s “Squawk Box” segment yesterday to discuss what she described as “major movers” away from the dollar. For the analyst, one of the main motives driving countries to de-dollarise is potential censorship by Washington.
Korin argues that dollar dependence leaves nations wishing to do trade with those sanctioned by the US at risk of punishment by Washington. She mentioned the current US sanctions against Iran prohibiting big European companies from trading with the nation.
Through sheer convenience, most global trade is conducted in US dollars. However, dollar payments are cleared through US banks and are subject to the censorship of that bank (which is in turn behest to the Federal government). This means that transactions between entities that might have nothing to do with America are subject to US jurisdiction.
Of course, Bitcoin use is free from the kind of financial censorship that is seen in examples like Argentina’s recent dollar buying restrictions, payment networks terminating services to certain political groups around the world over the years, and the examples mentioned by Korin to CNBC. However, it still a huge leap to think that Bitcoin would suddenly be favoured by the planet’s most powerful nations.
That said, what Korin’s interview does highlight is that financial censorship isn’t just a matter for those living under authoritarian regimes or times of immense economic strife. Some of the most powerful nations on the planet are starting to kick back at Washington’s control over global finance.
One of the symptoms of this urge to de-dollarise is China’s own efforts to internationalise the yuan. The analyst cited the nation’s launch of yuan-denominated crude oil futures as evidence of this. Whilst admitting that 90 percent of oil trade is still done in dollars, Korin said:
“If you have a sort of a beginning to crumble away [at] the dominance of the dollar over oil trade, that’s a nudge in the direction of de-dollarisation.”
In terms of the future, Korin said that she didn’t know how the situation would play out and could only say that it was “unsustainable.”
Related Reading: Will a Surprise $7K Bitcoin Pump on Halloween Fulfill the Prophecy of Asuka?
Featured Image from Shutterstock.
The post Bullish for Bitcoin? Analyst Warns of Growing Motives for Global De-Dollarisation appeared first on NewsBTC.
source https://www.tokentalk.co/NewsBTC/bullish-for-bitcoin-analyst-warns-of-growing-motives-for-global-dedollarisation-5dbb57813b5a709c14f64b62
Binance IEOs Elrond and Cere Partner on Business & Scalability @crypto_briefing #News #Payments #Scaling
Elrond and Cere have ambitious plans and backing from Binance. Can they take on Salesforce and other CRMs?
Two up-and-coming blockchain projects have partnered on blockchain scalability for businesses. The first is Elrond, a bloc...
Elrond and Cere have ambitious plans and backing from Binance. Can they take on Salesforce and other CRMs?
Two up-and-coming blockchain projects have partnered on blockchain scalability for businesses. The first is Elrond, a blockchain with a focus on fast value transfer. The second is Cere, a customer relationship management (CRM) platform that handles customer usage and activity data in addition to basic transactions.
The two claim the partnership is a natural fit. As Elrond notes in its announcement, business datasets must be managed quickly and securely to be useful. And, Elrond and Cere have both raised substantial funds through Binance. Together, these advantages might give them what they need to take on traditional CRM leaders like Salesforce.
What This Partnership Will Look Like
Cere is a full-featured CRM platform on its own, but thanks to this partnership, it will be able to provide fast payments, escrow, and identity services powered by Elrond. Cere will also harness Elrond’s Adaptive State Sharding—which, unlike other forms of sharding, changes its shard count based on available nodes and network capacity.
Elrond will benefit from the partnership as well. “This integration is allowing us both to reach a broader set of customers,” Beniamin Mincu, CEO of Elrond, stated. “[It] enables us to deliver better, more value-driven services for enterprises.” Elrond is approaching its mainnet launch in Q4, so attracting adoption is important.
Elrond also emphasized that Cere’s goals are similar to its own. Both projects are aiming for fast transactions and low latency, and they are using similar BFT mechanisms to achieve that speed. Elrond and Cere are also focusing on interoperability, especially with Ethereum, to improve cross-blockchain settlement.
The Binance Connection
Though they are independent projects, Elrond and Cere both have ties to Binance. Elrond ran its IEO token sale on Binance Launchpad in July and raised $1.9 million in a round partially funded by Binance Labs. Meanwhile, Cere raised $3.5 million in a Binance Labs incubator in August and plans to integrate with Binance Chain in the future.
Elrond is working closely with two other projects that got their start on Binance Launchpad. Elrond has also partnered with the Band Protocol and Matic. This means that at least one-third of Binance’s ten IEOs have become fairly tight-knit, a trend that might not be surprising given Binance’s influence.
That’s not to say that Binance is pulling the strings to build an exclusive club. Elrond has partnered with other projects as well, such as Nash and Holo. Nevertheless, Binance does seem to be a matchmaker when it comes to blockchain partnerships—seemingly good for the projects in question, whether the relationship is incidental or not.
The post Binance IEOs Elrond and Cere Partner on Business & Scalability appeared first on Crypto Briefing.
source https://www.tokentalk.co/Crypto Briefing/binance-ieos-elrond-and-cere-partner-on-business-scalability-5dbb8de13b5a709c14f64b66
Pro-crypto congressional candidate says number of elected officials with STEM background is paltry @TheBlock__ #People #Agatha Bacelar #congress #The Scoop
"We're in a time in our history where our capacity for technology to impact the world is unprecedented and the decisions we make in that area whether it's AI, automation, social media monopolies, the crypto space -- the representative of San Francisco I believe should be someone that has a social justice background and a tech background that can help us navigate to the future, where we want to go," she said.
This requires a shift in perspective from Congress, according to Bacelar. Currently, she said, the average member of congress isn't equipped to deal with tech issues. Bacelar notes the average representative is above age 50, white, male and wealthy. She is advocating for more representatives with a background in science and engineering.
"Only 3% of the House of Representatives has any sort of STEM background," she said. "I think we need more people who have studied science and engineering."
Bacelar herself has a professional background in blockchain.
source https://www.tokentalk.co/The Block/procrypto-congressional-candidate-says-number-of-elected-officials-with-stem-background-is-paltry-5dbb57803b5a709c14f64b61
Cardano updates Daedalus wallet ahead of Shelley incentivized testnet launch @cryptoslate #Cardano
Cardano has announced that a new update of the Daedalus wallet has gone live on the Cardano mainnet. The update, which comes just days before the Shelley incentivized testnet is set to launch, will bring about new features such as an integrated ne...
Cardano has announced that a new update of the Daedalus wallet has gone live on the Cardano mainnet. The update, which comes just days before the Shelley incentivized testnet is set to launch, will bring about new features such as an integrated newsfeed and redesigned user interface.
Cardano’s Daedalus wallet gets a facelift
Cardano has been making serious strides in the past weeks, introducing several new projects and collaborations, as well as preparing for the launch of Shelley’s incentivized testnet. The latest major update to come from the company was the upgrade of its native Daedalus wallet.
Version 0.15.0 of the wallet has been released on the Cardano mainnet on Oct. 31 and has brought about “important” changes to Daedalus, the company said in a blog post.
Apart from a redesigned user interface, the main change the update brought about was the addition of a newsfeed. Daedalus users will now be able to have four different types of news about the latest developments in the crypto industry delivered to them via the wallet.
The update also introduced a new wallet recovery phrase verification system, which will warn users if their recovery phrase has not been verified for a long period of time.
New features and fixed issues aimed to make Daedalus more user-friendly
The goal of the update, apart from introducing several new features, was to fix issues users reported with the previous version of Daedalus. According to the company’s blog post, issues with the user interface seemed to be the prevailing problem.
To solve that, v0.15.0 improved checks on the available hard drive space, introduced transparent scroll bars to free up space and repositioned icons for external links and clipboard copying.
However, the new update prevents users in Japan from redeeming their vouchers from the ADA pre-sale directly from the Daedalus interface.
These user experience-centered improvements come just days before the incentivized testnet for the Shelley era of Cardano is set to launch. A large number of users are expected to transfer their ADA to Daedalus in preparation for the network snapshot. In an AMA earlier this month, the Cardano team explained that the snapshot will be taken to determine the state of the network, after which all of the ADA held by the users will be transferred to the testnet.
Users who earned ADA by staking or delegating on the testnet will be able to withdraw it to the mainnet and transfer them back to their wallets.
The post Cardano updates Daedalus wallet ahead of Shelley incentivized testnet launch appeared first on CryptoSlate.
source https://www.tokentalk.co/Cryptoslate/cardano-updates-daedalus-wallet-ahead-of-shelley-incentivized-testnet-launch-5dbb71c13b5a709c14f64b65
MAS Awards Sygnum ‘Capital Markets Services (CMS)’ Licence @securitiesio #Licensure #blockchain #capital markets #digital securities #finma #licenced #mas #singapore #switzerland #sygnum
Access Granted
It was recently announced that Sygnum, a regulated digital asset bank, has received new licensure from the Monetary Authority of Singapore (MAS). The licensure awarded to the company is a Capital Markets Services (CMS) license.
While the company maintains headquarters within Switzerland, it maintains close ties to Singapore through talent and operational offices.
Capital Market Services Licence
Within the nation of Singapore, a company that wishes to provide services which fall under the purview of the Securities and Futures Act, a Capital Markets Services (CMS) licence is required.
The Monetary Authority of Singapore lists the following activities as being regulated – requiring such a licence.
- Dealing in capital markets products
- Advising on corporate finance
- Fund management
- Real estate investment trust management
- Product financing
- Providing credit rating services
- Providing custodial services for securities
With Sygnum eyeing a soon-to-launch ‘multi manager fund’ based on global digital assets, the issuance of a CMS licence is crucial. With this step out of the way, the company indicates that they can now look forward to their branches in both Switzerland and Singapore, operating and benefiting in unison.
Blockchain Hubs
By now, blockchain enthusiasts will have noticed that there are a few countries clearly leading the way forward with regards to the nascent technology.
With regards to digital securities, two of these nations are Switzerland and Singapore. Each of these countries have established themselves as hubs for innovation, through the issuance of clear regulatory guidelines, and support for industry participants. This has even led to many using the moniker ‘crypto valley’, when referring to companies based within a specific region of Switzerland known for friendly regulation.
Sygnum is in an especially strong position to establish themselves, as they now hold licensure within both of these leading nations. This should provide the company with the opportunity for great flexibility and diversity among their offerings/services.
Commentary
Upon announcing their success in attaining a CMS licence, multiple representatives from Sygnum took the time to comment. The following statements elaborate on the development.
Stefan Mueller, Head of Asset Management at Sygnum, stated,
“The CMS licence is an important milestone to establishing our asset management arm, leveraging the vibrant financial environment in Singapore. This is complementary to our banking services in Switzerland and will also benefit our Swiss institutional and private qualified investor clients.”
Mathias Imbach, CEO of Sygnum, stated,
“Our dual location – in Singapore and Switzerland – is one of the cornerstones of our strategy. This is reflected across team, advisory council, board of directors as well as investor base. All have been instrumental in our achievements so far across both countries.”
Sygnum
Operating out of Zurich ‘Crypto Valley’, Switzerland, Sygnum is a global digital asset bank. Above all, the company works to provide financial services to the digital securities sector. These services include, but are not limited to, brokerage accounts, payment gateways, and more.
CEO, Mathias Imbach, currently oversees company operations.
FINMA
The Financial Market Supervisory Authority (FINMA), is a Swiss regulatory body. The purpose/role of FINMA is to ensure fair and transparent activity among participants within financial markets.
MAS
The Monetary Authority of Singapore is, not only the nation’s central bank, but also the acting regulator overseeing the financial sector. Much like FINMA, they are tasked with ensuring fair and transparent markets.
The post MAS Awards Sygnum ‘Capital Markets Services (CMS)’ Licence appeared first on Securities.io.
source https://www.tokentalk.co/Securities/mas-awards-sygnum-capital-markets-services-cms-licence-5dbb56923b5a709c14f64b60
Uber Money: How Big Tech is reinventing mobile payments @decryptmedia #Technology #Facebook #messaging apps #mobile payments #uber money #whatsapp
Uber is the latest tech giant to create its own mobile payments service. So, where does that leave blockchain?
The post Uber Money: H...
Uber is the latest tech giant to create its own mobile payments service. So, where does that leave blockchain? The post
source https://www.tokentalk.co/Decrypt/uber-money-how-big-tech-is-reinventing-mobile-payments-5dbae4313b5a709c14f64b29
Brave teams up with Everipedia to increase brand awareness @cryptoslate #Basic Attention Token #Partnerships
Popular privacy-centric web browser Brave and wiki-based encyclopedia Everipedia Brave and wiki-based encyclopedia Everipedia announced a partnership to increase brand awareness within their respective communities.
Increasing brand awareness
Brave is an open-source web browser with a built-in ad-blocker, tracking, and security protection. It anonymously monitors user attention, then rewards publishers accordingly with Basic Attention Tokens (BAT) via the integrated Brave Rewards program.
The firm has been on a roll lately as content creators appear to be steadily opting into Brave’s verified publishing scheme. Brave browser recently reached an all-time high of eight million monthly active users. Meanwhile, the ads on the open-source browser hit a click-through-rate of 14 percent. This represents seven times more engagement than the industry average, according to the California-based company.
Now, Brave Software Inc. revealed a co-marketing agreement with Everipedia, a wiki-based online encyclopedia, aiming to propel its brand exposure even further. While Everipedia will promote featured articles about Brave, Brave will have Everipedia ads for users opting into viewing privacy-preserving ads.
Brave CEO Brendan Eich said:
“This partnership highlights the importance of innovative products that reward user attention and participation. By working with Everipedia, we are using the power of blockchain to put users in control of their experience.”
With the millions of monthly unique users that Everipedia has, Brave will likely increase its popularity, which is already skyrocketing. Brave browser recently moved up from the 26th spot on the Google Play Store in Spain to the 10th most popular app on the platform. Its popularity is also rising in Japan, where it ranks number two in the communications category on Google Play store, ahead of Yahoo Mail, Facebook messenger, and Skype.
As the popularity of this open-source web browser continues surging, the company’s research and development team have introduced several new features. Now, users can tip on Reddit, Twitter, and Vimeo, and the current verified publishers on the platform are just under 300,000.
The post Brave teams up with Everipedia to increase brand awareness appeared first on CryptoSlate.
source https://www.tokentalk.co/Cryptoslate/brave-teams-up-with-everipedia-to-increase-brand-awareness-5dbabcd13b5a709c14f64b1c
Association of over 200 German private banks calls for digital euro @TheBlock__ #Cryptocurrency #Stablecoins #banks #Commerzbank #credit suisse #Deutsche Bank #digital euro #German #Germany #private banks
The Association of German Banks, a lobby group of more than 200 private commercial banks, has called for a “programmable” digital euro and a common pan-European payments platform.
In a po...
The Association of German Banks, a lobby group of more than 200 private commercial banks, has called for a “programmable” digital euro and a common pan-European payments platform.
In a position paper published Wednesday, the association, which counts Deutsche Bank, Credit Suisse and Commerzbank as its members, said that programmable digital money has advantages over conventional payments, including faster transactions. While the Single Euro Payments Area (SEPA), an instant payments scheme is already there, it is “not yet possible to integrate it into digital processes and smart contacts,” said the association.
It added that the banking industry should work together with the central banks at the European level to create a payments system that addresses existing issues, as well as retains the benefits of established payment infrastructures.
“This is the only way to withstand the competitive pressure from the U.S., and soon probably also Chinese, technology companies,” said the association, hinting at Facebook-led planned stablecoin, Libra.
The user of a digital euro, whether man or machine, must be clearly identifiable to combat money laundering and terrorist financing, per the association, which was founded in 1951.
“Europe must keep up with this competition so that the global financial architecture does not lead to a polarisation between American or Chinese solutions,” the group concluded.
Earlier this month, Germany's finance minister Olaf Scholz also said that he is in favor of national digital euro, commenting: “We should not leave the field to China, Russia, the US or any private providers.” While in the U.S., some lawmakers have advocated the development of a digital dollar.
source https://www.tokentalk.co/The Block/association-of-over-200-german-private-banks-calls-for-digital-euro-5dbacea13b5a709c14f64b23
Monarch Founder Robert Beadles says crypto needs an interoperable platform [INTERVIEW] @cryptoslate #Interview #People of Blockchain
Robert Beadles, otherwise known as “Crypto Beadles,” the founder and president of Monarch, an all-in-one crypto wallet, believes that what the crypto industry needs is an interoperable platform that converts...
Robert Beadles, otherwise known as “Crypto Beadles,” the founder and president of Monarch, an all-in-one crypto wallet, believes that what the crypto industry needs is an interoperable platform that converts coins into spendable currency. In an interview with CryptoSlate, Beadles shared his thoughts on the state of the crypto industry and discussed the ways it was being improved.
Search for financial freedom brought Beadles into crypto
“A good product sells itself” is an old sales adage that can be perfectly applied to the Monarch wallet. Created as an all-in-one stop for everything crypto-related, the success of Monarch can be attributed to its founder—Robert Beadles.
While the modest Beadles attributes the steady growth of his company to the amazing team behind it, his entrepreneurial drive is what makes Monarch one of the most popular decentralized wallets in the crypto industry.
In an interview with CryptoSlate, Beadles revealed that he got his start in a California-based construction company, after which he transitioned to software development. Listening to a Max Keiser report back in 2011 got him infected with the “crypto bug,” Beadles said. After reaping huge success with his YouTube channel, CryptoBeadles, he went on to create Monarch, a decentralized crypto wallet.
He said when discussing the decision to keep Monarch free:
“It’s really important that people have the ability to control their own financial kingdom.”
Beadles funds Monarch from his own pocket, he says, adding that a part of the money that goes into developing new services comes from token sales. As Monarch offers payment and exchange services as well, it profits from merchant transaction fees. The company also plans on creating an ICO platform in the near future, but details about the deal are yet to be revealed.
However, despite Monarch being completely decentralized, he is aware of the downsides of decentralized platforms. Decentralized platforms have a tendency to be more daunting to those new to crypto, which is why Monarch is working hard on keeping the platform as user-friendly as possible.
The time for decentralized platforms is yet to come, he says, as more adoption will make people more aware of the tradeoffs centralized platforms actually are.
More to crypto than just Bitcoin
The growth of the crypto industry deepens the schism between Bitcoin maximalists and the proponents of more diversity in crypto. Beadles, despite holding around 80 percent of his personal investment in BTC, believes there’s more to crypto than just Bitcoin. He said:
“I love Bitcoin, but I’m not naïve to think that it’s the end all be all of these other projects.”
However, having a variety of utility coins on the market comes with its drawbacks—the lack of usability. Beadles believes people should have the ability to hold as many different coins as they want, but that they’ll ultimately need to be converted into something “universal.” He explained.
“What we need is some interoperable device, some type of platform that doesn’t matter what token you have, it will just be converted into spendable currency.”
And this isn’t the only bold idea Beadles has—his thoughts on some of the most controversial developments in crypto are overwhelmingly positive. Governments banning crypto trading is ultimately bullish for crypto, as is Facebook’s Libra, he said. The possibility of crypto mining being banned in China would ultimately benefit the industry, he said, as shutting down large facilities would bring much-needed decentralization to mining.
The more people enter crypto, the better it will get in the longterm. However, Beadles steered clear of making any predictions about Bitcoin or any other cryptocurrency, saying that making “outlandish and bold” predictions are irresponsible towards his customers.
Nonetheless, the longterm outlook on Bitcoin is ultimately positive. The fact that it’s immutable and easily trackable will ultimately make it attractive to governments, he explained but added that at the end of the day, crypto is still a gamble.
Learn more about Robert Beadles and Monarch:
The post Monarch Founder Robert Beadles says crypto needs an interoperable platform [INTERVIEW] appeared first on CryptoSlate.
source https://www.tokentalk.co/Cryptoslate/monarch-founder-robert-beadles-says-crypto-needs-an-interoperable-platform-interview-5dbab8213b5a709c14f64b1b
Bitcoin to See Colossal Golden Cross in 2019, Could Precede Price Boom @newsbtc #Bitcoin #analysis #bitcoin #Filb Filb
Last week, Bitcoin (BTC) suddenly shot higher, surging from $7,300 to $10,500 in under 24 hours’ time in a monumental move. One minute, the cryptocurrency was down in the doldrums; the next, it was trading sky-hig...
Last week, Bitcoin (BTC) suddenly shot higher, surging from $7,300 to $10,500 in under 24 hours’ time in a monumental move. One minute, the cryptocurrency was down in the doldrums; the next, it was trading sky-high in a move that the optimists said would lead to a rally to $20,000 and beyond.
Despite the lofty sentiment, Bitcoin has cooled since then. As of the time of writing this article, the cryptocurrency is trading at $9,000 — some 15% lower than the recent high — and seems poised to break down further over the next couple of days.
One analyst has gone as far as to say that unless BTC clears the $10,300 region, which is an important historical level, there is no need to get too excited. In fact, he went as far as to say that the recent move is “just a bearish retest,” and that “new local lows” are still on the table.
But a key technical pattern that may indicate that the long-term Bitcoin bull case is back on is poised to form in the coming weeks, something that may fuel investors leaning long on digital assets.
Related Reading: A Chinese Blockchain Day? October 24 Proposed as Day to Celebrate Tech Behind Bitcoin
Impending Bitcoin Signal Implies Long-Term Uptrend Forming
Trader and CoinTelegraph contributor FilbFilb recently noted that while analysts are making much ado about a death cross, investors should not be worried about Bitcoin’s prospects.
He argued in a recent Twitter thread that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses. As Filb’s chart below depicts, the last time the 50-week crossed above the 100-week, Bitcoin rallied for months straight, surging to fresh highs month in, month out. Historical precedence would suggest the same is about to happen… again.
Sure the 50/200 DMA $btc death cross is getting everyone super bearish but End of Nov/ Start of Dec the 50/100 WMA is due to cross which is far more significant. pic.twitter.com/ifGWguAtd5
— fil₿fil₿ (@filbfilb) October 30, 2019
Related Reading: As Bitcoin Price Drops To $9K, Here Are the Targets Traders Are Watching
Are There Long-Term Bear Signals?
While there are numerous tidbits of evidence backing the sentiment that Bitcoin is likely to enter its next long-term round of exponential growth in the coming months, it is fair to ask if there are some bearish signals.
Interestingly, there are a few. One of the most notable bearish signals is an analysis by Velvet, who found that Bitcoin’s next all-time high may be years away. Per previous reports from NewsBTC, the analyst believes that Bitcoin’s establishment of new all-time highs can be predicted using Fibonacci numbers. According to the trader, it took Bitcoin 625 days to break above the all-time high of the 2011 bull market peak. Then it took another 1250 days to break above the all-time high set during the 2013 bull run.
Fibonacci sequence would then suggest that the current all-time high of $20,000 will not be broken until 2500 days have passed, or not until October 24, 2024.
Related Reading: Why Bitcoin? Bank of America Services Down Across U.S.
Featured Image from Shutterstock
The post Bitcoin to See Colossal Golden Cross in 2019, Could Precede Price Boom appeared first on NewsBTC.
source https://www.tokentalk.co/NewsBTC/bitcoin-to-see-colossal-golden-cross-in-2019-could-precede-price-boom-5dbacae13b5a709c14f64b21
Bitcoin Price Drops While Hash Rate Shows Signs of Decline @CoinInsidercom #Bitcoin News #Price Analysis
Bitcoin: What’s the Latest Regarding its Price?
Bitcoin’s price at the moment is clocking in at $9,169.86, which means that since yesterday, it is down about 2.65%. This is now the 2nd straight day that Bitcoin has headed down, but the coin’s prevailing trend over the past 14 days is up. As price is currently somewhat close above its 20-day average price of $8,441.075, we may interpret that to mean a fall down to the 20-day moving average may draw dip buyers in. On the flip side, for those who prefer a rangebound view when trading, Bitcoin’s trading range — based on its momentum and volatility over the past two weeks — is between $6,842.17 and $10,039.98 (in US dollars). In terms of its overall importance in the cryptocurrency market, Bitcoin’s current market capitalization is $164.74 billion US dollars, which is about 67.05% of the market capitalization of all cryptocurrencies. Bitcoin’s dominance has been trending up gradually, averaging a rise of 0.19% each day over the past two weeks. A rise in dominance may suggest the case for altcoins is getting weaker, and thus participants of all kinds — investors, merchants, application developers — may flock to Bitcoin in increasing numbers.
Want to trade Bitcoin? Consider the following brokers: CoinDirect, Gate, Yobit, Stex, Binance, DDEX
Daily Engagement and Hash Rate Metrics Update
314,163 transactions were added to the Bitcoin blockchain in the previous day. Regarding growth in actual usage of the blockchain for transactions, observe that over the past 7 days daily transactions have fallen by about 7.98%, though it should be noted this past week the trend should be described as not clear — at least on a two-week basis. Bitcoin may end up functioning as a store of wealth if it does not increase the number of daily transactions occurring on its chain. As for Bitcoin’s transaction fees, the average transaction fee yesterday was $1.08 US dollars. The size of the typical transaction on Bitcoin’s blockchain is up 46.37% in US dollars; meanwhile, the fee for sending transactions has been growing by 88.59% per week. Regarding Bitcoin’s hash rate, which serves as a measure of the network’s computational power, it has managed to bounce around over the past 30 days. It has been losing daily by a rate of approximately -0.05%. Given the unclear trend in bitcoin mining, it may be that hash rate is getting more uncertain in a way; this could result in the chain’s security being something to pay attention to. From this perspective, this behaviour may not provide Bitcoin with the ability to draw more capital to its chain.
Article by SixJupiter
The post Bitcoin Price Drops While Hash Rate Shows Signs of Decline appeared first on Coin Insider.
source https://www.tokentalk.co/CoinInsider/bitcoin-price-drops-while-hash-rate-shows-signs-of-decline-5dbac6313b5a709c14f64b20
Ethereum Drops Nearly 4%, But Remains Without Clear Trend @CoinInsidercom #Price Analysis #Technical Analysis
Recap of the Top Five Cryptos
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -1.49% in aggregate. Out of the aforementioned five, XRP gave investors the best daily return; it was up 0.32%, which has its price now near $0.298399 USD. As for the worst-performing crypto out of the Big Five, yesterday that was Ethereum; it came in at down 3.97%, which drove its price to around $183.52 USD. In total, one coin was up from the day prior, which indicates almost the entirety of the sector as a whole moved down.
Price Patterns to Monitor
None of the coins had moves that could be regarded as unusually large; all the moves were within the volatility ranges we’ve come to expect for each currency. Technical traders may also wish to note the following developments in price action:
- Looking for an uptrend? The most reliable uptrends can be found in Litecoin, Bitcoin, and Bitcoin Cash.
- If coins without a clear trend are your thing, consider XRP and Ethereum. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders.
What Does Transaction Data Tell Us?
The blockchain that saw the most transactions recorded on its blockchain over the past day was Ripple; its 1,541,654 transfers added was about 112% greater than the transactions recorded on Ethereum, which was the runner up for transactions logged on its chain over the past 24 hours. Ripple’s transaction fee was also less than Ethereum’s, suggesting transaction fees might be a key reason why users are preferring Ripple. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $83,856,280 occurred on Bitcoin’s chain. Bitcoin’s dominance of the crypto market remains intact, with it now accounting for approximately 67.05% of the value of all circulating cryptocurrencies. Its dominance has been in an uptrend over the past two weeks, climbing from 65.36% to 68.13%.
Article by SixJupiter
The post Ethereum Drops Nearly 4%, But Remains Without Clear Trend appeared first on Coin Insider.
source https://www.tokentalk.co/CoinInsider/ethereum-drops-nearly-4-but-remains-without-clear-trend-5dbac3613b5a709c14f64b1e
Binance adds support for Russian rubles for direct fiat-to-crypto trading @TheBlock__ #Bitcoin #Cryptocurrency #Exchanges #$BTC #$ETH #$XRP #binance #Changpeng Zhao #CZ #fiat #fiat gateways #fiat-to-crypto #rubles #russia
Cryptocurrency exchange Binance has added support for Russian rubles (RUB) for its direct fiat-to-crypto trading facility.
The move allows Binance users to deposit and withdraw rubles, as well as buy bitcoin (BTC), ether (ETH) and XRP cryp...
Cryptocurrency exchange Binance has added support for Russian rubles (RUB) for its direct fiat-to-crypto trading facility.
The move allows Binance users to deposit and withdraw rubles, as well as buy bitcoin (BTC), ether (ETH) and XRP cryptocurrencies with the fiat currency, according to an announcement Wednesday.
The rubles support is being offered via Gibraltar-based electronic payments platform AdvCash. AdvCash charges 3% for each deposit, and 2.5% plus 50 RUB for each withdrawal, per the announcement. AdvCash claims to offer “faster” and “cheaper” payments than conventional money transfers and a regular bank account, according to its website.
The plan to support rubles was first revealed by Binance CEO Changpeng “CZ” Zhao on Oct. 21. Rubles is the second fiat currency Binance has supported, after adding Nigerian naira (NGN) last week. The NGN deposit feature is being offered via U.S.-based payments tech firm Flutterwave.
In a Twitter ask-me-anything (AMA) session on Wednesday, CZ said that adding fiat on-ramps around the world is “very important for lowering the barrier to entry” and that users can expect “more pairs very soon.”
source https://www.tokentalk.co/The Block/binance-adds-support-for-russian-rubles-for-direct-fiattocrypto-trading-5dba9ed13b5a709c14f64b14
Blockchain and Cryptocurrencies: A Godsend for the Online Gambling Industry @newsbtc #Industry
Cryptocurrency usage is extensive in the online gambling segment, making it the driving force behind the adoption of cryptos. People have started to prefer crypto gambling and sportsbook options over conventional offeri...
Cryptocurrency usage is extensive in the online gambling segment, making it the driving force behind the adoption of cryptos. People have started to prefer crypto gambling and sportsbook options over conventional offerings due to its various underlying benefits, attractive discounts in the form of deposit bonuses, bonus codes, etc., and virtually nil transaction and processing fees offered by these platforms. In this article, we will briefly discuss the adoption of cryptocurrency and blockchain in online gaming and their benefits.
A Backstory
Over a decade has passed since the introduction of the very first cryptocurrency – Bitcoin and since then, the sector has witnessed unprecedented growth in terms of the number of cryptocurrencies, adoption rate as well as the uses of cryptocurrencies and their underlying technologies. When Bitcoin was launched, it was hailed as a democratized, decentralized universal store of value that can be used by anyone, anywhere in the world, without having to depend on banks and governments. While the mainstream financial sector as well as the governments were disturbed by this new development and started considering it as a threat to the very economical as well as governance structures the nations are built on, something amazing happened. It was soon discovered that the cryptocurrency’s underlying blockchain technology has a huge potential to solve various real-world issues across multiple industry segments.
Since then, the use of blockchain technology sans cryptocurrency is being explored by various industries including the mainstream financial sector. However, one industry stands apart from the rest, and that is the online gambling segment. Online gaming platforms are probably the only ones to have not only adopted blockchain technology but also cryptocurrencies as a mode of payment. According to reports, the online gambling industry has been instrumental in promoting the use of cryptocurrency as it adds to the convenience, privacy as well as security for both the users as well as platforms.
Why the Gambling Industry?
Gambling-related activities are regulated by the governments across a majority of jurisdictions, which had forced the online gambling platforms to limit their geographical reach to specific jurisdictions while ensuring compliance with all applicable laws of the land. At the same time, many countries have made gambling illegal and those residing in such geographies were left with no alternative. That is until Bitcoin came along. The decentralized and peer-to-peer nature of cryptocurrencies made them the perfect solution to the global gambling industry’s woes.
Online gambling platforms started offering cryptocurrencies as one of the payment options, allowing anybody with access to internet and bitcoin to create an account on the platform, irrespective of the jurisdiction and start playing. Without a need for payment processors and banking channels, all transactions could be managed and settled over the crypto blockchain, keeping everyone happy in the process. Also, the direct and verifiable nature of transactions dramatically reduced the deposit and withdrawal times for users from what used to be few days or a couple of weeks to a matter of few hours or less.
With a huge problem solved by cryptocurrencies, the industry decided to take it a step further by using blockchain to bring in more transparency into the gambling process by creating provably fair games. Few projects have also created decentralized casino platforms on blockchain that combines all the goodness of the crypto revolution and overcome the jurisdiction hassles as well.
Why Use Crypto-Supported Casinos and Sportsbooks?
As explained earlier, cryptocurrencies offer a range of benefits over fiat transactions. For starters, users don’t have to share personal or banking information in order to initiate such transactions. Also, they can make near-instant deposits and start playing their game of choice on such platforms. In the event of winning a wager and want to make a withdrawal, platforms generally process cryptocurrency withdrawals within 24-48 hours and the funds will appear in the user’s wallet. The lack of geographical restrictions for crypto-transactions also allows gambling enthusiasts to pick from a long list of platforms, and many of them have minimal or no-KYC for faster onboarding.
However, it is not advisable to pick the first crypto casino or sportsbook one comes across. The users will have to conduct their due diligence to ensure that the platform they wish to create an account on, is legitimate. There are plenty of reviews of such platforms available on the internet to make the job easier. It is also advisable to focus on transparency and provable fairness (provably fair) which choosing the platform. Many online crypto-gambling platforms also have attractive bonuses and promotional offers in place for first-time users or otherwise. Users can check for such offers and bonus codes (E.g. bet365 bonus codes) on the internet or by visiting the casino/sportsbooks’ webpages.
At the end, a couple of points to remember:
- Do your due diligence to choose the right platform that suits your needs.
- Transparent and Provably fair platforms are always a better choice.
- DO NOT wager more than you can spare.
The post Blockchain and Cryptocurrencies: A Godsend for the Online Gambling Industry appeared first on NewsBTC.
source https://www.tokentalk.co/NewsBTC/blockchain-and-cryptocurrencies-a-godsend-for-the-online-gambling-industry-5dbaaec13b5a709c14f64b19
Crypto bank Sygnum wins a license in Singapore to offer asset management services in the country @TheBlock__ #Companies #banks #crypto banks #license #Singapore #Swiss #Switzerland #Sygnum
Switzerland-based cryptocurrency bank Sygnum has received a capital markets services license in Singapore, allowing it to provide asset management services in the Asian country.
Announcing the news on Thursday, Sygnum said the license has been awarded by the Monetary Authority of Singapore, the country’s central bank, and that its first product will be a multi-manager fund.
Multi-manager funds are also known as funds-of-funds and invest in other types of funds such as mutual funds or hedge funds. Sygnum said its multi-manager fund will allocate investments across a portfolio of managers that tap into the global digital asset opportunity using “different and uncorrelated” investment strategies.
Sygnum’s head of asset management, Stefan Mueller, said that the Singapore license is “an important milestone” for the firm to set up its asset management arm. He added: “This is complementary to our banking services in Switzerland and will also benefit our Swiss institutional and private qualified investor clients.”
The news follows Sygnum’s August announcement when it received a banking and securities dealers’ license from Switzerland’s Financial Market Supervisory Authority (FINMA). At the time, Sygnum rival SEBA Crypto also received the license from FINMA.
source https://www.tokentalk.co/The Block/crypto-bank-sygnum-wins-a-license-in-singapore-to-offer-asset-management-services-in-the-country-5dbaab013b5a709c14f64b18
3iQ expects to launch Bitcoin ETF this quarter after “favorable” ruling from Canada’s top securities regulator @cryptoslate #Adoption #Bitcoin
The Ontario Securities Commission (OSC) has ruled to allow crypto fund manager 3iQ to issue a prospectus for its prospective exchange-traded Bitcoin fund, signaling that Canada’s top securities regulator may be about to approve the launch of the n...
The Ontario Securities Commission (OSC) has ruled to allow crypto fund manager 3iQ to issue a prospectus for its prospective exchange-traded Bitcoin fund, signaling that Canada’s top securities regulator may be about to approve the launch of the nation’s first Bitcoin ETF.
Toronto-based 3iQ said in a press release Wednesday that its planned closed-end BTC fund, “The Bitcoin Fund,” had moved on to the final stage of judgment with the OSC and that it expected it would receive clearance to launch on a major Canadian stock exchange as early as this quarter.
3iQ painted the ruling as a conclusion to three years of work with the OSC’s Investment Funds and Structured Products division, convincing the regulator that the fund will be able to resolve “pricing, custody, audit, and public interest issues.”
Beating the U.S. to the punch on the coveted ETF
The news will come to many as a watershed moment in Bitcoin’s history after years upon years of failed efforts to launch a BTC ETF in the United States. Traditionally, the expectation has been that a Bitcoin ETF could inject tens, if not hundreds of billions of dollars into Bitcoin’s market capitalization by seeing the original cryptocurrency incorporated into mainstream financial products like retirement accounts and mutual funds (alone a multi-trillion-dollar market).
The OSC’s U.S. counterpart, the Securities and Exchange Commission (SEC), seemed to create a tone of despair amongst Bitcoin proponents and its own members over the last two years, having dismissed more than nine applications citing concerns chiefly around custody and market surveillance.
Incredibly, both of 3iQ’s custody and surveillance providers are U.S. institutions, suggesting Canadian regulators have a softer, if not more progressive, view of how a Bitcoin fund could be operated safely in the securities market. 3iQ plans to custody the fund’s BTC with Gemini Trust Company while using VanEck for its index and market data. Both firms are based in New York and ironically are counted amongst the SEC’s rejected ETF applicants.
Should the OSC give the final green light to 3iQ’s plan—a likely outcome it seems—the SEC may be forced to reconsider its evidently stern stance on Bitcoin ETFs.
The post 3iQ expects to launch Bitcoin ETF this quarter after “favorable” ruling from Canada’s top securities regulator appeared first on CryptoSlate.
source https://www.tokentalk.co/Cryptoslate/3iq-expects-to-launch-bitcoin-etf-this-quarter-after-favorable-ruling-from-canadas-top-securities-regulator-5dbaa5613b5a709c14f64b17
Bitcoin (BTC) Price Likely Positioned For Next Rally @newsbtc #Analysis #Technical #bitcoin #btc
- Bitcoin price is holding the key $9,000 support area against the US Dollar.
- The price is facing a couple of short term resistances near the $9,200 and $9,400 levels.
- This week’s followed major be...
- Bitcoin price is holding the key $9,000 support area against the US Dollar.
- The price is facing a couple of short term resistances near the $9,200 and $9,400 levels.
- This week’s followed major bearish trend line is active with resistance near $9,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
- The price is likely to rally if it breaks the $9,200 resistance and the $9,320 pivot level.
Bitcoin price is showing a lot of positive signs above $9,000 against the US Dollar. Overall, BTC is likely rally once again above the $9,200 and $9,320 resistances.
Bitcoin Price Analysis
Recently, there were mostly range moves above the $9,000 support area against the US Dollar. BTC corrected lower below the $9,150 level and settled below the 100 hourly simple moving average.
The recent low was formed near the $9,013 and the price is currently holding the $9,000 support area. It is climbing higher and trading above the $9,100 level. Moreover, there was a break above the 23.6% Fib retracement level of the recent decline from the $9,534 high to $9,013 low.
However, the price seems to be facing resistance near $9,200 and the 100 hourly simple moving average. Additionally, this week’s followed major bearish trend line is active with resistance near $9,150 on the hourly chart of the BTC/USD pair.
Above the trend line, the 50% Fib retracement level of the recent decline from the $9,534 high to $9,013 low is near the $9,275 area. Therefore, the price could start a solid rise if there is a break above the $9,200 and $9,275 resistances.
An immediate resistance is near the $9,320 level and the 100 hourly simple moving average. Besides, the 76.4% Fib retracement level of the recent decline from the $9,534 high to $9,013 low is also near the $9,400 area.
A successful close above the $9,400 level is must for bitcoin to move into a positive zone. On the downside, there is a strong support forming near the $9,000 area. If there is a bearish break below $9,000, the price could start a strong decline towards $8,800 or $8,700.
Looking at the chart, bitcoin is clearly trading nicely above the $9,000 support area, which holds the key. An upside break above the $9,200 and $9,320 levels is must for a fresh increase. If not, there could be a bearish wave below $9,000.
Technical indicators:
Hourly MACD – The MACD is struggling to gain pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is facing hurdles near the 45 and 50 levels.
Major Support Levels – $9,000 followed by $8,800.
Major Resistance Levels – $9,200, $9,320 and $9,400.
The post Bitcoin (BTC) Price Likely Positioned For Next Rally appeared first on NewsBTC.
source https://www.tokentalk.co/NewsBTC/bitcoin-btc-price-likely-positioned-for-next-rally-5dba80d13b5a709c14f64b0d
CRYPTOTAG Zeus Starter Kit Review: Is It Worth The Hype? @bitcoinist #News #News teaser #Reviews #Bitcoinist giveaway #crypto storage #CRYPTOTAG #hardware #wallet
C...
CRYPTOTAG, a company that specializes in high-end crypto backup solutions, has just launched its new compact Zeus Starter Kit product for serious crypto hodlers. Here at Bitcoinist, we were lucky enough to get our hands on one, and it does not disappoint.
Design
As with all CRYPTOTAG products, the first thing you notice when you pick up the Zeus Starter Kit is the weight. Even for such a compact design, the quality certainly feels as solid and heavy-duty as the other much larger products in the range. The kit itself is incredibly streamline and fits easily in the palm of your hand.
According to the CRYPTOTAG website, the starter kit boasts some substantial tolerances thanks to the space-grade titanium material it’s made from. Not only is it corrosion and pressure resistant, but it can also handle heats of 1,670 degrees centigrade/ 3050 Fahrenheit, and even stop bullets! So keep it close to your heart and it might not just be your crypto that it saves.
The input method of this product is refreshingly simple and does not require a ton of components to get the job done, unlike some competitor products. The only problem however, is that once you’ve punched dots into the plates it cannot be undone. So just make sure you’re 100% certain before going ahead with the hammer. But hey, it’s crypto and we’re all used to checking our send and receive address a million times before making transactions, so it shouldn’t be a problem.
Setup
Inside the CRYPTOTAG Zeus Starter Kit box, you’ll find:
(1) A setup guide complete with a BIP39 code word list for working out your recovery phrases (see last image)
(2) Two conversion sheets to write down your decoded seed phrases on
(3) Two premium titanium plates joined by two metal clips at either end
(4) A uniquely designed dot punch with what appears to be a spring inside to dampen the impact
(5) Two ear plugs
(6) And a box of matches to burn your conversion sheets once you’ve committed your recovery phrases to the titanium plates
The attention to detail with the ear plugs and matches, are very nice touches indeed, and shows that CRYPTOTAG really has considered all angles when designing its products.
The only criticism here would be that perhaps the setup guide could offer some advice on how best to physically hammer the codes into the titanium plates.
Inside the Titanium Kit
When you take off the two clips at either end of the CRYPTOTAG Zeus Starter Kit and pull the plates apart, it reveals 24 individual BIP39 code boxes inscribed into the metal. Each of these boxes contains the numbers 0-9.
Using the code list in the back of the setup guide, you simply convert each word into a number sequence and input them on the plates, using the dot punch, in the order that your recovery phrase is shown when setting up your crypto wallet.
Below is the examples that are given in the setup guide on how to convert recovery phrases into BIP39 code form. Just to give you a better idea of how it’s done.
CRYPTOTAG Conclusion
Overall, the Zeus Starter Kit certainly looks and feels like the perfect crypto backup solution for consumers looking for piece of mind when it comes to safely storing their wallet recovery phrases. The minimalist design of this new premium kit makes it a fantastic addition to the already impressive CRYPTOTAG range, and cements our opinion that CRYPTOTAG products are 100% worth the hype.
What do you think of CRYPTOTAG’s latest Zeus Starter Kit? Add your thoughts below!
Full Disclosure: The review unit was provided by CRYPTOTAG for the purpose of review.
The post CRYPTOTAG Zeus Starter Kit Review: Is It Worth The Hype? appeared first on Bitcoinist.com.
source https://www.tokentalk.co/Bitcoinist/cryptotag-zeus-starter-kit-review-is-it-worth-the-hype-5dba96613b5a709c14f64b13
Winklevoss Capital backs a crypto custody startup that lets users protect private keys via friends @TheBlock__ #Cryptocurrency #Custody #Investments #AngelList #custody #Naval Ravikant #private keys #True Ventures #Vault12 #Winklevoss Capital
Cryptocurrency custody startup Vault12 is offering a new way to protect private keys - by using friends and family as a recovery network.
The solution, dubbed as the “personal cryptocurrency security solution,” uses a cryptographic technique called Hierarchical Threshold Shamir's Secret Sharing to let “guardians” safeguard users’ private keys.
The technique, developed by Israeli cryptographer Adi Shamir, allows guardians to possess parts of users’ seed phrases, and if users lose access to their cryptocurrency holdings, they can combine portions of their guardians’ keys to recover their funds. Users can pay guardians in ether (ETH) to protect their key portions, said Vault12.
"Today's world relies heavily on our social circle in both our personal lives and our professional lives. That's why we're taking a more social approach to cryptography and entrusting our loved ones to guard our assets," said Blake Comagere, co-founder and COO of Vault12.
The idea has seen backing from notable investors, including Winklevoss Capital, True Ventures and Naval Ravikant, founder of AngelList. Vault12 did not disclose the amount of funding raised via these investors.
"Safeguarding money is necessary for the crypto economy to flourish. Vault12's distributed, decentralized, and server-less approach to security helps reduce friction associated with securing crypto assets,” said Cameron Winklevoss, partner at Winklevoss Capital.
Vault12's solution is decentralized, meaning the firm does not have access to users’ seed phrases and funds. Comagere said that the firm plans to safeguard “everything from legal documents to house keys and more” in the future.
source https://www.tokentalk.co/The Block/winklevoss-capital-backs-a-crypto-custody-startup-that-lets-users-protect-private-keys-via-friends-5dba93913b5a709c14f64b12
Wednesday 30 October 2019
US Congressman to introduce legislation to protect crypto from SEC overreach @MICKYNewsOz #Blockchain #Cryptocurrency #blockchain #cryptocurrency #SEC #United States
U.S. Congressman Tom Emmer (R-MN) has announced plans to introduce new legislation that will “provide a path to regulatory certainty” for cryptocurrencies and other emerging technologies.
The announcement came during last week’s hearing of the House Financial Services Committee, during which Facebook CEO Mark Zuckerberg was called to testify about the beleaguered Libra crypto project.
Emmer noted that, while he had serious concerns about Libra, what he was most concerned about was Congress and U.S. regulators.
“Unfortunately, my colleagues have offered several proposals in conjunction with this hearing that could have a tremendously harmful impact on innovation in the United States,” he said.
“A few of these provisions appear to apply securities regulation beyond actual securities,” Emmer added, taking aim at the Securities and Exchange Commission (SEC).
Reining in the long arm of the SEC
Emmer, who also serves as the co-chair of the Congressional Blockchain Caucus, recounted how, time and again, he meets with entrepreneurs in the crypto space who “try to follow the rules and never receive a clear answer from regulators that what they’re doing is legal.”
“It has not been clear whether innovators who play by the rules of the road will ever receive the assurances that the U.S. government will not come after them.”
Addressing the lack of regulatory clarity and the seemingly overreaching arm of the SEC, Emmer stated that he intends to introduce a bill that “will make it clear that as long as you register as a security or comply with an exemption under existing law, you will not continue to have prosecution from a regulator hanging over your head when that asset is publicly distributed and, in fact, is a commodity.”
Congressman Tom Emmer has outlined intention to introduce a new U.S. #crypto bill that could provide token sales legal protection from #SEC enforcement actions, saying authorities should only apply securities regulations to cryptos that meet traditional criteria of securities.
— Weiss Crypto Ratings (@WeissCrypto) October 30, 2019
In a press release published on Emmer’s page on the House of Representatives’ website, the congressman declared:
“Companies that have followed our current rules of the road, even if convoluted, deserve the certainty that they can offer their digital asset to the public and help contribute to a truly decentralized network.”
“I am hopeful this non-partisan legislation will receive strong support and help ensure investment in the United States for these extraordinary technologies.”
A history of defending crypto and blockchain
This is not Emmer’s first time going toe to toe with lawmakers over a lack of regulatory clarity in the crypto and blockchain space.
In July of this year, he reintroduced his Safe Harbor for Taxpayers with Forked Assets bill, which would prohibit “penalties against taxpayers until the IRS issues guidance on how to report gains or losses in ‘forked’ digital assets.”
Originally introduced in 2018, the Forked Assets bill “would establish a safe harbor for taxpayers attempting to report gains or losses in these forked digital assets.”
Speaking about the proposed legislation, Emmer noted: “Legislators should be embracing emerging technologies and providing a clear regulatory system that allows them to flourish in the United States.”
“Taxpayers suffering from the uncertainty of tax guidance are being unfairly punished for investing in an emerging technology. This safe harbor will protect the taxpayers until the IRS addresses this important issue.”
The post US Congressman to introduce legislation to protect crypto from SEC overreach appeared first on Micky.
source https://www.tokentalk.co/Micky/us-congressman-to-introduce-legislation-to-protect-crypto-from-sec-overreach-5dba27c23b5a709c14f64b07
This analyst says there’s a “high chance” Bitcoin may never fall under $5k again @cryptoslate #Analysis #Price Watch
Once Bitcoin (BTC) started to incur strong losses in the second half of 2019, analysts were once again making extremely low price prediction...
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App-enabled cryptocurrency exchange and wallet provider, Zebpay, has announced that it is enabling Lightning Network payments for all its ...
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The Indian Ministry of Commerce and Industry announced yesterday that the Coffee Board in the country is integrating blockchain into the cof...
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The pharmaceutical industry is one of the world’s few (almost) trillion-dollar verticals, worth more than $900 billion annually, according t...
