Christmas may have come early in crypto land as altcoins are hitting the top of their charts once again in the Asian trading session this morning. Bitcoin has remained relatively flat since the launch of CME’s futures contracts on Sunday. Prices have only fluctuated slightly between $17k and $19k over the past few days. In previous months we have witnessed the big daddy of crypto literally eat its younger siblings which Bitcoin prices sky rocket and altcoins start tanking. These last couple of weeks have been quite the opposite and today a number of cryptos have broken their previous price tops. An hour or so ago Ethereum reached an all-time high of $840, a price which may have increased further by the time you get to the end of the article. ETH broke through resistance around the $750 level and marched higher through the psychological $800 barrier. The surge has likely been boosted by the launch of the Dai stablecoin on the Ethereum network. Similar to Tether, Dai is soft-pegged to the USD and, according to their website where; “anyone, anywhere has the freedom to choose a money they can place their confidence in. A money that will always maintain its purchasing power.” Along with Ethereum, OmiseGO has made record gains today climbing over $20 for the first time. Omise has experienced huge growth this year from a sub-dollar coin back in July to where it is today with a market capacity over $2 billion. OMG works slightly differently to other blockchains in that it has a delegated proof-of-stake which involves validating the network through running nodes that can be voted for. With real transactions already occurring and trials with big companies Omise could GO even further in 2018. As predicted Litecoin has broken resistance and started heading upwards this morning towards a new high of $375 according to Coinmarketcap.com. LTC has been flat for almost a week after jumping several hundred percent in a couple of days. It has just started to move again and the next station for Charlie Lee’s crypto is at $400. Bitcoin Cash also had an epic morning reaching new heights of $2,353 a few hours ago. Markets have pulled back slightly but the coin still trades high at $2,200 at the time of writing. BCH is the third largest crypto currency with a market cap of $37 billion. Other coins doing well out of this morning’s trading session were Ripple, Cardano, Dash, Monero, NEO, and Nem, which just broke a dollar for the first time. Happy times in crypto land. The post Altcoins surge in Asian trading session appeared first on NEWSBTC.
Key Points Bitcoin gold price is gaining momentum and it recently traded above $380 against the US Dollar. There was a break above a major connecting resistance trend line at $355 on the hourly chart of BTG/USD (data feed from Bitfinex). The pair might continue to move higher above the $400 level in the near term. Bitcoin gold price is gaining traction above $380 against the US Dollar. BTG/USD may soon accelerate gains above the $400 level going forward. Bitcoin Gold Price Trend It was a good period for bitcoin gold price as it moved above the $325 and $360 resistance levels against the US Dollar. The upside move was strong and the price almost tested the $400 level. A high was formed at $399.92 and it seems like the current upside move is far from over. During the upside move, there was a break above a major connecting resistance trend line at $355 on the hourly chart of BTG/USD. The pair is now poised to break the $400 level and gain further. On the downside, an initial support is around the 23.6% Fib retracement level of the last wave from the $290 low to $399 high. However, the most important support is near $360 and $355. The mentioned $355 level was a resistance earlier, and now it is likely to act as a support. Moreover, the 38.2% Fib retracement level of the last wave from the $290 low to $399 high is also around $358 to act as a decent support. On the upside, a break above the $400 level is very likely. Above $400, the next target could be the $425 level in the near term. Looking at the technical indicators: Hourly MACD – The MACD for BTG/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTG/USD is heading towards the overbought levels. Major Support Level – $355 Major Resistance Level – $400 Charts courtesy – Trading View, Bitfinex The post Bitcoin Gold Price Technical Analysis – BTG/USD to Surge above $400? appeared first on NEWSBTC.
Binance recently broke out of its descending triangle on the daily time frame after the fake out to the downside. […] The post Binance (BNB/BTC) Technical Analysis for 12/20/2017 – Upside Breakout! appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
The startup released an open-source compiler that translates between Ivy, Chain's high-level smart contract language, and low-level Bitcoin Script.
The post Philippine Regulators Push For Unified Rules on Bitcoin Investments appeared first on CCN Philippine regulators are pushing for a unified rule on cryptocurrencies like bitcoin – when used as investments. The Bangko Sentral ng Pilipinas (BSP) said it would coordinate with market regulator Securities and Exchange Commission to draft rules if bitcoins will be used as a platform for investments in the country, reports GMA Network. BSP Deputy The post Philippine Regulators Push For Unified Rules on Bitcoin Investments appeared first on CCN
When most people are looking at ways to try and buy them some will inevitably see the downside of virtual currencies and want to shift their stash. Swedish co-founder of Bitcoin.com, Emil Oldenburg, claims that Bitcoin is “as good as useless” and has no future as a tradeable currency. The website is one of the oldest and most established crypto currency resources which has grown extremely profitable this year with the explosion in popularity of crypto trading. In an interview with Swedish media co-founder and CTO Oldenburg said: “I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,” We would expect this stance from politicians or Wall Street bankers but not from an industry insider. There is a good reason that he has decided to denigrate the digital currency and that is because he has sold all of his Bitcoins and switched to Bitcoin Cash. BCH forked from the original BTC chain in August and has shown steady gains ever since on its own blockchain. The main reason for this change is high transaction costs and lead times. When the network is under high demand, which has been a few times recently, it can take several hours to carry out a Bitcoin transaction. Some websites have reported that transaction fees have reached as high as $26 recently, which is as much as a regular bank would sting you for an international transfer. The limited block size on the BTC chain imposes a limit on the number of physical transactions that can be made and this bottleneck makes it a highly illiquid digital currency. People will only realize this risk when they decide to hold or trade them, many are still ‘hodling’ and dreaming about Lambos. According to Oldenburg; “the old bitcoin network is as good as unusable. As soon as people realize that this is how it works, they will start to sell,” He went on to refer to the old Bitcoin network being run by “fanatical bitcoin talibans” that want things this way. “They see bitcoin as a digital gold and a technical experiment, as opposed to something you can actually use.” Bitcoin Cash has a bigger block size of 8Mb compared to 1Mb on Bitcoin, which leads lower transaction fees and faster transfer times. BCH has recently broken an all-time high of $2,353 and is up 27% in the past 24 hours. The post Bitcoin dot com co-founder sells his ‘useless’ Bitcoins appeared first on NEWSBTC.
Key Highlights Ripple price is trading in a range above the $0.6800 support area against the US Dollar. This is a short-term bearish trend line forming with resistance at $0.7400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might move higher in the near term, but it could face sellers near $0.7400 and the 100 hourly simple moving average. Ripple price is consolidating against the US Dollar and Bitcoin. XRP/USD has to move above $0.7500 to gain traction in the near term. Ripple Price Support After a major upside move, Ripple price started a correction and moved below $0.7000 against the US Dollar. However, the price found support at $0.6800 and later started trading in a range. There were a couple of swing moves and the price recently retested the $0.6600-0.6800 support area. It is currently moving higher and it recently traded above the 23.6% Fib retracement level of the last decline from the $0.8405 high to $0.6777 low. There are many minor resistances on the upside, including $0.7400 and $0.7500. There is also a short-term bearish trend line forming with resistance at $0.7400 on the hourly chart of the XRP/USD pair. Below the trend line at $0.7500, the 100 hourly simple moving average may also act as a strong resistance. Moreover, the 50% Fib retracement level of the last decline from the $0.8405 high to $0.6777 low is at $0.7600 to stop the upside move. Therefore, it seems like the $0.7400-0.7600 region is a good short-term resistance zone. XRP has to move above the $0.7600 level to move back in the bullish zone. Above $0.7600, the price could trade towards the $0.8400 level in the near term. Looking at the technical indicators: Hourly MACD – The MACD for XRP/USD is currently in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 50 level, and is heading lower. Major Support Level – $0.6800 Major Resistance Level – $0.7600 Charts courtesy – Trading View, Kraken The post Ripple Price Technical Analysis – XRP/USD Consolidating above $0.6800 appeared first on NEWSBTC.
Growing interest in cryptocurrencies has seen a massive influx of new ICOs that are changing the world as we know it. These valuable projects are however, being let down by the lack of a financial infrastructure. Their company issued cryptocurrencies are not easily spendable by their token holders and are often left waiting for a way to use their cryptocurrencies. MoxyOne is here to supercharge the crypto economy by giving every ICO an opportunity to have their own crypto-payment system. By white labelling MoxyOne’s financial infrastructure, companies can let their users spend their created cryptocurrencies. They can do so by becoming a partner and have the benefit of easily integrating MoxyOne’s infrastructure rather than developing an in-house payment system which can be a lengthy and expensive exercise. At present, token holders are only able to utilise the tokens they hold to trade with and make quick profits. But now they will have more avenues to maximise their investment. In addition, they will be able to utilise their tokens not just on a company’s platform but also out in the real world. They can make everyday purchases such as buying groceries and paying bills. By allowing cryptocurrencies to become spendable, MoxyOne will be creating demand for these tokens which will make them more valuable. This will benefit not just companies but every token holder as the value of their tokens will continue to grow with use over time. MoxyOne not only offers a white labelling service for companies, it will also have its own debit card and wallet system for its token holders (SPEND). The first question every token issuing company has asked is “why do you need to have your own cryptocurrency?” For MoxyOne, SPEND tokens will be the fuel for its system. Apart from being tokens that are spendable in the real world, they will also be used as platform fees (incurred by individual transactions). This makes SPEND tokens extremely valuable for its holders as they will be in constant circulation. Additionally, SPEND tokens will only have a hard cap supply of 50 Million. This means no new tokens will ever be created and because scarcity drives value, every SPEND token becomes a valuable asset for its owner. MoxyOne already has an exchange partnership with Cryptopia, meaning SPEND will be listed there as soon as the token sale ends. Other exchanges (such as EtherDelta and other free or pay-to-play exchanges) will be listed in the near future with MoxyOne’s competent exchange listing consultant, Rick Kennernecht leading the helm. MoxyOne has already secured an exciting partnership with the ever popular Social (SCL) which is a Decentralised Social Networking Platform. They will be the first white label partner to offer its token holders a “Social” debit card to be used on its platform. MoxyOne will utilise Raiden Network’s micropayments channel for optimal transaction speed and Gladius’ DDoS protection and security. MoxyOne is also looking into integrating the COMIT network for cross blockchain access and interoperability. The MoxyOne developers are working on a prototype for its wallet system which is aimed to be released by early 2018. The pre-sale will begin on 8th February, 2018 at 01:00 GMT and ends on 10th March 2018 at 01:00 GMT. The main token sale event will run from 14th March, 2018 at 01:00 GMT to 14th April, 2018 at 01:00 GMT. Token Sale Information: Website: https://moxy.one Token Sale Details: https://moxy.one/token-sale Whitepaper: https://moxy.one/whitepaper.pdf Telegram: https://t.me/moxyone Email: [email protected] The post MoxyOne is Offering Debit Cards and Payment Infrastructure for Every Company or ICO that Issues Cryptocurrencies appeared first on NEWSBTC.
Key Highlights ETH price corrected sharply lower after trading to a new high at $864.53 against the US Dollar. A bullish trend line with current support at $715 acted as a buy zone on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently moving higher and is attempting an upside break above $800. Ethereum price is placed nicely in the bullish zone against the US Dollar and Bitcoin. ETH/USD may soon break $800-805 once again for more gains. Ethereum Price Support There were heavy swing moves in ETH price recently above $700 against the US Dollar. The price gained solid momentum, moved above the $800 level and traded to a new high at $864.53. Later, the price failed to retain momentum and started a downside below $800. There was a sharp downside reaction and the price broke the $750 and $720 support levels as well. The decline was nasty and the price finally found support around $700 and the 100 hourly simple moving average. Moreover, a bullish trend line with current support at $715 acted as a buy zone on the hourly chart of ETH/USD. The pair is now moving back higher and it currently above the 50% Fib retracement level of the last decline from the $864 high to $702 low. However, there is a bearish trend line on the same chart with resistance at $805-810. ETH buyers need to break the $810 resistance to push the price back in the bullish zone. Moreover, a break above the 61.8% Fib retracement level of the last decline from the $864 high to $702 low is needed to a push toward the $850 level. On the downside, the trend line support at $715 is important along with the 100 hourly SMA. Hourly MACD – The MACD has just moved into the bearish zone. Hourly RSI – The RSI is currently attempting an upside break above the 50 level. Major Support Level – $715 Major Resistance Level – $810 Charts courtesy – SimpleFX The post Ethereum Price Technical Analysis – ETH/USD Dips and Rips Higher appeared first on NEWSBTC.
What happened after all the fear, uncertainty and doubt of 2017? Bitcoin became stronger than ever, according to developer Jimmy Song.