• MobileGo (MGO) – An Internet Gaming Pioneer
    Although I love trading cryptocurrencies as much as anyone, I’m far more interested in analyzing the impact that blockchain technology can have on the business landscape.  After all, blockchain’s potential was the main catalyst behind the surge in trading volume last year.  While many industries will be forever changed through blockchain applications, the gaming industry will be the focus of this article. The first thing my parents would think of upon hearing the word “gaming” is Nintendo.  And while video games do make up a considerable percentage of gaming sales, the industry has grown far beyond that.  Several years ago, ESPN aired an episode of E:60 that went inside the world of professional video game competitions.  One team, Dota2, was on a quest for a piece of an $18.4 million tournament prize pool.  Yes, $18.4 million for people who play games.  Since then, the industry has grown beyond anyone’s wildest imagination.  And one company, MobileGo, appears to be taking full advantage of that opportunity. MobileGo’s MGO token is an Ethereum based ERC223 token that was developed to usher in a new era in the world of internet gaming.  The company’s main goal is to turn MGO into the world’s leading ... read more
    Source: Global Coin ReportPublished on 2018-12-10By Paul Wilson
    5 hours ago
  • American Express Corporate Applauds Ripple for Facilitating Global Payment Processing Using XRP
    Ripple has received showers of praises from the American Express for its outstanding performance in enhancing the global payment processing system via its XRP and other financial tools. The General Manager of the American multinational financial service organization corporation, Amex, commented on Ripple’s ability when speaking in a conference. At a conference in Madrid called Wind of Change Europe, the Amex GM, Carlos Carriedo applauded Ripple for helping the financial service organization to achieve its goals in payment processing. He went on to say that blockchain technology is the solution to financial technology. This was proven in the test done with Santander local bank and Ripple which turned out to be amazing, customers were able to move huge funds in a jiffy across the border. This happened in a system that normally was very slow. “Ripple has lots of potentials,” said Carriedo. He sees the future of payment processing as something that will all be done digitally. And to make this happen, the Amex will collaborate with Ripple to reduce challenges affecting the legacy payment system. Ripple has been at the forefront of improving and effectively revolutionalizing the financial world with its streamlined financial tools. These tools have been adopted ... read more
    Source: ZyCryptoPublished on 2018-12-10By Judith Riseshine
    5 hours ago
  • What to Expect in 2019: BTC, BAT, and Steem
    There are only a few weeks of 2018 left, and considering how bearish and crypto-unfriendly this year was, a lot of investors will likely be pleased to see it gone. Many believe that 2019 will be the year that will correct BTC prices and bring forth the period of great recovery. But what does that mean for digital currencies? Which ones are a good investment right now? This is something that we will, hopefully, be able to answer right now. Here are the top 3 coins that everyone should keep an eye on in 2019. 1. Bitcoin (BTC) Of course, we have to start with Bitcoin, the first and largest cryptocurrency. Bitcoin has lost a lot in 2018, and its losses are unparalleled by any other coin. In fact, in terms of market cap, Bitcoin has lost as much as the rest of the crypto market put together. Many believe that its rapid growth, which started in late 2017 and has brought it to its all-time high, is responsible. That the bearish 2018 was only a one large price correction of the last year’s price surge. Even if this is true, price corrections, luckily, all end sooner or later, and ... read more
    Source: Global Coin ReportPublished on 2018-12-10By iBankCrypto
    5 hours ago
  • Cryptocurrency is Transforming the European Gambling Sector
    Source: Coin IdolPublished on 2018-12-10
    5 hours ago
  • CryptoDaily; Bitcoin, TRON, Tether, IOTA, EOS, Binance, Huobi; December 10, 2018
    CryptoDaily; Bitcoin, TRON, Tether, IOTA, EOS, Binance, Huobi; December 10, 2018   CRYPTOCURRENCY NEWS ShapeShift CEO shows no concern over the current bear market says crypto “ecosystem is growing”   ShapeShift co-founder and CEO Erik Voorhees in a recent interview spoke about the current bear market the crypto space is facing and how it shouldn’t be much of a concern. During the interview with DailyHodl, Voorhees said, “Nine months isn’t a long bear market. After the 2013 bubble, there were three years before we hit new highs! These markets move in hype cycles, and as long as people pay attention to the technology and utility, rather than the price, they can get through bear markets, be they long or short.” Read more Tether faces stiff competition as USDT dominance plunges   Tether [USDT] dominance is plunging as competition burgeons in the stablecoin market. According to a report  from the Block, the USDT dominance has reached a new three year low. Three months before its dominance was around 96%. Currently, the stablecoin features a dominance of around 74%. The fall in dominance can be attributed to Tether destroying almost a third of its supply. Read more Crypto market conditions force Bitmain to close its development center ... read more
    Source: BCFocusPublished on 2018-12-10By Priya Raja
    5 hours ago
  • Should You Run a Masternode? An Analysis of the Pros and Cons of Staking Coins
    If you are an avid participator in social media discourse in the crypto sphere, it is likely you have encountered the #masternodemebro hashtag on Twitter. The hashtag began gaining traction since July and had brought attention to masternodes and the role they play in the cryptocurrency space. In this guide, you will discover what masternodes are, how they work and...Read More. The post by Alexander Lielacher appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News ... read more
    Source: BTC ManagerPublished on 2018-12-10By Alexander Lielacher
    5 hours ago
  • Bitmain Closes Israel Development Arm Citing Crypto Bear Market
    Cryptocurrency mining giant Bitmain has reportedly closed down its Israel-based R&D division, citing a crypto market "shake-up." ... read more
    Source: CoindeskPublished on 2018-12-10By Yogita Khatri
    5 hours ago
  • Australia’s National Transport Insurance in blockchain tie-up for export security
    Australia’s National Transport Insurance in blockchain tie-up for export security The leading truck insurer of Australia, National Transport Insurance (NTI) will soon enter into a blockchain partnership with BeefLedger. The objective of the upcoming tie-up is to foster food safety, export security and welfare of the animals, as reported on 10th December by a local media outlet, ATN. The collaboration will spawn a blockchain trial in this month to access the entire procedure of beef exportation as well as foster supply chain performance. In this partnership, the potential of blockchain will be harnessed with packing innovations and Internet of Things (IoT) to upgrade product credentials, as well. This will open up new prospects ”across several streams of Australian industry: agriculture, animal welfare, transport and logistics,” said Tony Clark, NTI CEO. The trial will involve the entire process of having the cattle transported to the processing centre at Casino, New South Wales from Limestone Coast, South Australia and then finally frozen to get transported to Shanghai for being consumed. BeefLedger is, however, engaged in using diversifying technologies for setting up a multi-layered system for the purpose of pushing up credential and product security. This development is expected to help the suppliers, consumers and exporters of ... read more
    Source: BCFocusPublished on 2018-12-10By Ashmita Dutta
    5 hours ago
  • NEM Makes Largest Chinese Artwork Database Gubi Its New Strategic Partner, XEM Lists on BitoPro
    Enterprise blockchain project NEM recently entered strategic cooperation with GUBI, the largest artwork database in China. The blockchain will now be used to develop online reviews, identity systems, and other GUBI functions. The blockchain’s native token XEM was also listed on BitoPro, a cryptocurrency exchange by BitoEX. What Does the Gubi Partnership Include? The largest Chinese database of artwork will now develop some critical functions like an identity system, online reviews and user and expert credit systems on the NEM blockchain. GUBI is a search engine designed for the artwork industry of China, which is based on image search and data mining technology. Users click on a picture of artwork with a mobile device, and the search engine matches their image with a collection of materials available in the GUBI artwork database. GUBI has collected over 33 million pieces of antique data in the past five years with over 6,600 antique e-books. The platform has over 2,000 academics and more than 800 experts who have joined. Its partner, Gucn.com is one of the largest artwork retailers online in China which has 800,000 users and 1.67 million sales. A partnership with GUBI will bring a large database of artworks and a sprawling ... read more
    Source: BloktPublished on 2018-12-10By Viraj Shah
    5 hours ago
  • GUBI partnership inspires NEM recovery: XEM Technical Analysis
    GUBI partnership inspires NEM recovery: XEM Technical Analysis NEM [XEM] is attempting a recovery on the back of the GUBI partnership. NEM joined hands with GUBI, one of the largest artwork database and artwork trading platforms of China. XEM prices had hit its yearly low at $0.066 on December 7. The announcement of the partnership saw an increased bullish pressure for the coin in the market. The bullish pressure caused some steep climbs for XEM. Despite a strong seller pressure XEM has gradually risen and is currently looking to breach the resistance level set at $0.077. XEM/USD XEM prices have entered a consolidation phase. A matching buyer and seller pressure are forcing it to trade within a tight trading range noted from $0.0732 to 0.0756. The prices today found support at $0.0733. The prices are struggling to break out from the resistance level spotted at $0.077. The MACD suggests that the digital asset is trading above the bullish trendline. The 100 EMA line trading at $0.0739 is exhibiting a stable trend.  At the time of writing, the crypto asset is exchanging hands at $0.0735 and is rising against USD by 1.74%. The virtual asset is trading with a market cap of ... read more
    Source: BCFocusPublished on 2018-12-10By Priyanka
    5 hours ago
  • Ethereum to hardfork at block 7,080,000
    After reaching an agreement, Ethereum developers have readied plans for the Constantinople hardfork.
    #Ethereum Constantinople mainnet hard fork scheduled for block #7080000, estimated around the 16th of January, 2019! — Péter Szilágyi (@peter_szilagyi) December 7, 2018 The long-awaited Ethereum hardfork, dubbed Constantinople has experienced equal measures of anticipation and turbulence. Originally set to deploy in November, the fork was delayed due to a failure on the testnet. surrounding the failure and subsequent delay, Ethereums price continued to tumble from an all-time high of around $1400 to its current price floating around $100. The accumulation of uncertainty surrounding the cryptocurrency leaves it in a pretty bad shape to hardfork. However, the fork is entirely necessary... Ethereum is destined to hardfork every so often due to the so-called “difficulty bomb” which slows down blocks and, if left unremedied, will lead to a point where no more blocks can be mined; thus this upgrade is integral to the smooth running of the network. While in no way comparable to the recent and dreadful fallout from the Bitcoin Cash hardfork, there has been some infighting between various parties regarding the fork, mainly between miners and investors (surprise, surprise)… Constantinople would see the ... read more
    Source: ChepicapPublished on 2018-12-10
    5 hours ago
  • G7’s Financial Action Task Force Tells UK to Regulate Cryotocurrency
    At the same time, the research organisation registers the risk of illicit activity as only "emerging". ... read more
    Source: Finance MagnatesPublished on 2018-12-10By Simon Golstein
    5 hours ago
  • Tron (TRX) Price May Consolidate Above $0.0120 Level – Tron Price Analysis – 10 Dec 2018
    We've applied Technical Analysis to Tron (TRX/USD) price chart, and see that 20 days Volume Weighted Moving Average is indicating Sell signal. ... read more
    Source: CryptoGroundPublished on 2018-12-10By Smita Sodha
    6 hours ago
  • Ethereum Constantinople Upgrade Targeted for Mid January
    The next major Ethereum upgrade, Constantinople, was originally scheduled for November 2018, but complications arose when the software was being tested on the Ropsten Ethereum testnet. Ethereum’s developer community did not want to rush the release and advocated for a cautious approach - the launch was postponed to early 2019.  Now, Ethereum developers have agreed to activate Constantinople on the Ethereum mainnet at block 7080000. At the moment, the block is estimated to be mined on January 15.  What changes will Constantinople bring to Ethereum? The most immediately noticeable change to the Ethereum network with the Constantinople upgrade will be the reduction of the block reward from 3 to 2 ETH (Ethereum Improvement Proposal 1234). Other changes will include EIP 145 , EIP 1014, EIP 1052, and EIP 1283.  Constantinople will also bring a 12 month delay to the activation of Ethereum’s “difficulty bomb”, which is designed to force through a transition to a proof-of-stake consensus mechanism. In simple terms, the difficulty bomb will make mining Ethereum extremely inefficient and unattractive for miners with the goal of preventing a chain split during the transition from PoW to PoS. The Ethereum experience will largely remain unchanged for the end user, as ... read more
    Source: CoinCodexPublished on 2018-12-10By Peter Wind
    6 hours ago
  • Altcoin Daily Preview: Tron (TRX) Could Bounce back, CoinBase Prospects Bullish for Stellar Lumens
    TRX/USD (Tron) Latest Tron News Straight from the announcement of the Tron Accelerator, the launch of Tron Developer Suite and the apparent meltdown of crypto prices, Justin Sun, the co-founder of the platform is now urging developers to migrate from EOS and Ethereum platforms. Read: Tron (TRX) Announces Accelerator Plan For DApp Creation With $1 Million in Prizes Through a fund that Sun says will “rescue” these developers from imminent “collapse” of their respective platforms, dApp creators would get a boost only if they migrate their work to the Tron Platform.
    #TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON. #TRX $TRX — Justin Sun (@justinsuntron) December 7, 2018 This is not the first time Sun is throwing sublime jabs at EOS and Ethereum. He has on several occasion been tussling with Ethereum’s Vitalik Buterin who at one time said Tron plagiarized part of its white paper from Filecoin.
    A renowned Chinese investor cited seven strengths of Tron over Ethereum. Wanna know how Vitalik funnily replies? Look deeper into Penta’s white paper and you will ... read more
    Source: Ethereum World NewsPublished on 2018-12-10By Dalmas Ngetich
    6 hours ago
  • Bitcoin (BTC) Price Recovered And Moved Above The $3,500 Resistance – Bitcoin Price Analysis – 10 Dec 2018
    We've applied Technical Analysis to Bitcoin (BTC/USD) price chart, and see that 50 days Exponential Moving Average is indicating Sell signal. ... read more
    Source: CryptoGroundPublished on 2018-12-10By Vivek Sancheti
    6 hours ago
  • Expert Assures That Fall In Crypto Market Is Short Term
    James Bevan, Chief Investment Officer at CCLA, believes that the crypto market downfall can be considered a temporary phenomenon, after which growth will follow, 2bitcoins reports.   The CCLA specialist expressed this opinion during a conference on the crypto sphere organized by Bloomberg. Economists, financiers, analysts, and crypto enthusiasts discussed the future of bitcoin and the state of the crypto market. In his report, Bevan tried to debunk the myths about bitcoin concerning its insolvency, devaluation, and future collapse. He stressed that the first cryptocurrency will soon form the basis of the global financial system. The decline in bitcoin value is only a small obstacle to its development, according to the expert. The global financial system has many similar examples related to conventional currencies.   Angel Versetti, another analyst and the executive director of Ambrosus, believes that the current state of the crypto market does not mean the failure of the crypto industry. It will take some time, and the market capitalization will reach trillions of dollars, and cryptocurrencies will be recognized worldwide. Many experts have mentioned the growing popularity of stablecoins. The most famous Tether token, pegged to the US dollar, climbed to the fifth place in ... read more
    Source: BlockspointPublished on 2018-12-10
    6 hours ago
  • Bitcoin Volatility More than Triples on the Month Amid Falling Crypto Prices
    According to the Bitcoin Volatility Index as of yesterday, Dec. 9, volatility levels on the BTC-USD market have risen three-fold on the month ... read more
    Source: CointelegraphPublished on 2018-12-10By Cointelegraph By Marie Huillet
    6 hours ago
  • ShapeShift CEO shows no concern over the current bear market says crypto “ecosystem is growing”
    ShapeShift CEO shows no concern over the current bear market says crypto “ecosystem is growing” ShapeShift co-founder and CEO Erik Voorhees in a recent interview spoke about the current bear market the crypto space is facing and how it shouldn’t be much of a concern. During the interview with DailyHodl, Voorhees said, “Nine months isn’t a long bear market. After the 2013 bubble, there were three years before we hit new highs! These markets move in hype cycles, and as long as people pay attention to the technology and utility, rather than the price, they can get through bear markets, be they long or short.” In fact, according to him, things in the crypto space have changed from what it was a few years ago. According to him the community initially was much more “monocultured”, almost entirely English-speaking and were mostly male of the age group 20- to 35-year-old. However, the scenario has changed for good. He said, “Today, the ecosystem is far broader and more diverse, in assets, purpose, and demographics. This is a tremendous sign that the ecosystem is growing.” Voorhees stated that there will be a lot of bear and bull markets as the crypto market is ... read more
    Source: BCFocusPublished on 2018-12-10By Pinaz Kazi
    6 hours ago
  • Factom (FCT) Price Cramps Down Slightly – Factom Price Analysis – 10 Dec 2018
    We've applied Technical Analysis to Factom (FCT/USD) price chart, and see that 3100 days Simple Moving Average is indicating Buy signal. ... read more
    Source: CryptoGroundPublished on 2018-12-10By Girish Vidhani
    6 hours ago
  • What to Expect from Ethereum in 2019
    With the network upgrade for Ethereum planned for mid-January, developers are keenly looking into the future of the Ethereum Blockchain. The Constantinople upgrade of the Ethereum Blockchain is agreed at Block 7,08,000, which will approximately take place sometime in January 2019. The hard fork is slated to bring many improvements to life, such as bringing down the Block reward from three to two. The hard fork will also result in the delay of the difficulty bomb. The meeting where the Constantinople upgrade was decided also saw decisions being taken on ensuring that Ethereum is ASIC-resistant, thus making Ethereum mining-friendly for home miners. Ewasm Virtual Machine A virtual machine focused on faster smart contract code processing; the Ewasm Virtual Machine will facilitate Smart Contract deployment. Combined, all the updates will give the much-needed boost to the Ethereum Blockchain. However, they are just another milestone to reach till the Ethereum 2.0 in 2020. Ethereum 1x If different proposals are activated in time, then the Ethereum 1x could come into existence as soon as June of 2019. The proposals include archiving old information, charging fees to users who store the smart contracts data on the Blockchain, etc. All of these ... read more
    Source: BTC WiresPublished on 2018-12-10By Swati Kishore
    6 hours ago
  • Bitcoin [BTC/USD] Technical Analysis: Cryptocurrency struggles to hit $4,000 as bear continues its rule
    The current cryptocurrency market has seen something of a roller coaster, with some coins seeing bullish gains while others are still crumbling under the bear’s pressure. Popular cryptocurrencies like Bitcoin [BTC], XRP and Ethereum [ETH] have been seeing surprising gains, with the bear still looming large. 1-hour The one-hour BTC chart shows the cryptocurrency slowly climbing out of the bear pit. The initial downtrend lowered the price from $3,827.2 to $3,290.7 while the following uptrend lifted the price to $3,584.9. The support has been holding at $3,208 while the resistance is at $4,342.9. The Parabolic SAR has been showing a bullish signature, as pointed out by the markers staying below the price candles. The Bollinger bands have started a convergence, with the upper band and the lower band heading towards each other. The size of the Bollinger cloud has been relatively consistent, adhering to the slow price gain. The Relative Strength Index is holding in the middle after falling from the overbought zone. This means that the buying pressure has slightly reduced leading to an equilibrium with the selling pressure. 1-day Bitcoin’s one-day graph has only been showing a consistent downtrend, with a lack of uptrends. The latest downtrend ... read more
    Source: AMB CryptoPublished on 2018-12-10By Akash Anand
    6 hours ago
  • KFC Will Allow Venezuelans to Buy Chicken With Dash
    According to Forbes, KFC, the fast-food chain, will now begin to accept cryptocurrency payments in Venezuela. From this week onwards customers will be able to pay for their food in Dash at the KFC location in Caracas, the Venezuelan capital in the municipality of Chacao. The chain is expected to open in 24 new locations across the country. The effort to incorporate crypto payments is being led by Alejandro Echeverría, the co-founder of Dash Help, Dash Text, and Dash Merchant Venezuela. Helping Crypto Adoption Echeverría has been working with KFC for the past three months to help with the adoption of Dash into the chain’s payments. Now that KFC has announced its new payment method, Dash will get a boost in merchant acceptance, validating the use case for digital coins further. Echeverría noted that Dash is preferred by users because it is a working payments solution and very easy to use. He said: “The dash movement is spreading and growing fast in Venezuela. First, it was food trucks and small family businesses that started to adopt dash for payments; now we’re attracting more established businesses.” Dash is becoming popular as a payments system, according to figures from a merchant listing site ... read more
    Source: BloktPublished on 2018-12-10By Viraj Shah
    6 hours ago
  • Bitmain Shuts Down Blockchain Development Center At Israel
    The recent news about Bitmain was out on December 10, by an Israeli business relating news outlet familiar as Globes. Bitmaintech Israel came into existence in 2016. The team at Israel was exploring the use cases incorporating blockchain technology. They were operating on a Connect BTC mining pool and focusing to design an infrastructure behind Sophon. Sophon is an artificial intelligence (AI) project at Bitmain. However, the firm is closing its services this week. Moreover, they fire around 23 employees working with the firm. The head at Israeli branch and the vice president at Bitmain, Gadi Glikberg was looking over the department of international sales and marketing is also leaving Bitmain. The news reports claim that Glikberg reveals the reason behind closure is a collapse of the recent crypto market, The crypto market has undergone a shake-up in the past few months, which has forced Bitmain to examine its various activities around the globe and to refocus its business in accordance with the current situation. The mining firm Bitmain is also ongoing two lawsuits. The initial lawsuit is a class action of $5 million for unauthorizes mining. The next lawsuit filing was done against Bitmain, Roger Ver, Bitcoin.com, ... read more
    Source: CoinpediaPublished on 2018-12-10By Delma Wilson
    6 hours ago
  • Tether faces stiff competition as USDT dominance plunges
    Tether faces stiff competition as USDT dominance plunges Tether [USDT] dominance is plunging as competition burgeons in the stablecoin market. According to a report from the Block, the USDT dominance has reached a new three year low. Three months before its dominance was around 96%. Currently, the stablecoin features a dominance of around 74%. The fall in dominance can be attributed to Tether destroying almost a third of its supply. In October, the company revealed that it burned 500 million tokens, nearly a third of its supply, following the Tether crisis. The crisis saw the company coffers being filled with a hefty amount of tokens. All transfers were from addresses belonging to Bitfinex exchange. The exchange and Tether share the same management. After the transfer Tether treasury became the largest holder of its own token with over 900 million in its treasury accounts. The report also indicates that other stablecoins in the market are gradually catching up to the most favored stablecoin in the market. Paxos, USD Coin, and True USD have a circulating supply of more than 170 million. Currently, Tether has a circulating supply of 1.8 billion. USDT lost its USD peg in October dropping to a ... read more
    Source: BCFocusPublished on 2018-12-10By Priyanka
    6 hours ago
  • US Government Announces Interest In Tracking Privacy Coins
    The U.S. Department of Homeland Security (DHS) wants to know if it’s possible to track transactions conducted using privacy coins. This is according to a pre-solicitation document that was […] The post US Government Announces Interest In Tracking Privacy Coins appeared first on UseTheBitcoin. ... read more
    Source: Use The BitcoinPublished on 2018-12-10By Basil Kimathi
    6 hours ago
  • Bitcoin Price Analysis: BTC/USD Accumulating as VanEck Subsidiary Work on “Transparency”
    Latest Bitcoin News Of course, price is not the only metric of interest as far as Bitcoin is concerned. Adoption rate and infrastructure development is of interest. Though the coin is meant to by-pass third parties as regulators, we cannot discount the role of regulators and their constant talk of investor protection. Other jurisdictions might be open but the community is closely watching if the US SEC shall proceed and approve the much-anticipated Bitcoin ETF come Feb 27, 2019. That’s two and a half months from now and before then, bears seem to have an upper hand especially when we take a top-down approach. Read: BTCC Co-Founder Lee Hints At $333,000 Bitcoin (BTC) Prediction For 2021 From the look of things, we can only guess the route that SEC might take and considering more banks are showing their interest in the space, we can only speculate that they might just give the VanEck Bitcoin ETF a pass.
    This is an important tool to keep an eye on #bitcoin $BTC pricing in OTC markets – This is bookmark material for your browser. " cBc The MVIS Bitcoin US #OTC Spot Index covers the performance of #Bitcoin on major ... read more
    Source: Ethereum World NewsPublished on 2018-12-10By Dalmas Ngetich
    6 hours ago
  • Bitcoin, Ripple, Ethereum, Stellar, Tether, Bitcoin Cash, EOS, Bitcoin SV, Litecoin, TRON, Cardano, Monero: Price Analysis, Dec. 10
    Bitcoin Price Analysis – BTC/USD The first largest cryptocurrency, Bitcoin having its market cap that stands at the level of $62,868,255,286, 04:07 UTC on December 10 plunged in current value by 46% relative to the level of October 16 due to the strong bearish pressure and competitive forces which can be analyzed from the graph above. Let us have a look at the technical picture of the BTC/USD pair as follows: As we can analyze that the BTC/USD currently traded below EMA representing “Downtrend” in the market. With this, the declining EMA signals a negative sign. The falling 20-day EMA and the RSI in the oversold territory show that the bears have the upper hand. Let us not forget that the BTC remains in a bearish trend in its medium-term outlook. While no bullish patterns that indicate a buy, hence, it is best to remain on the sidelines. With this, traders should wait for the trend to reverse and a bottom to form before initiating any long positions in it. The 20-day EMA is slopping down, which shows that the balance is tilted in favor of sellers. Those who believe in the story of a crypto world, the current ... read more
    Source: CryptoNewsZPublished on 2018-12-10By Shalin Soni
    6 hours ago
  • Facebook Is Hiring 5 New Staff Members for Its Blockchain Team
    Facebook is advertising five job openings for blockchain talent across the areas of data science, coding and marketing. ... read more
    Source: CoindeskPublished on 2018-12-10By Yogita Khatri
    6 hours ago
  • ‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)
    The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance forum in Beijing, Pang Gongsheng, deputy governor at PBoC, said: The STO business that has surfaced recently is still essentially an illegal financial activity in China. […] Virtual money has become an accomplice to all kinds of illegal and criminal activities. In addition to this formal acknowledgment of the ban on both initial coin offerings and STOs, the deputy governor also outlined that the majority of the financing operations, which were conducted virtual money in China, are suspected of being pyramid sales schemes, illegal fundraising operations, and other types of financial fraud. Furthermore, Gongsheng also said that the country’s financial industry, in general, could have been hurt significantly if ICOs weren’t banned back in 2017. Beijing Will ‘Kick You Out’ The chief of Beijing’s Bureau of Financial Work, Huo Xuewen, has also reportedly issued a warning against STO ... read more
    Source: BitcoinistPublished on 2018-12-10By Georgi Georgiev
    6 hours ago
  • Bitmain Bleeds Further As It Shuts Down Company’s Israel Office
    2018 has been a year of agony for Bitmain and other crypto miners as cryptocurrency prices crumbled to yearly lows. While the markets still struggle to find a support on the downside, the problem for Bitmain continues to rise. According to the recent reports Bitmain has to shut down its Israeli office as things have turned really sour for the leading crypto miner. Bitmain’s Israeli centre closure render 23 employees jobless. According to the report published in local Israeli mouthpiece Globus, Bitmain’s development center, which was set up in Ra’anana nearly three years ago under the direction of Gadi Glikberg, will close this week and all 23 of its employees will be fired. This would also bring an end to Glikberg’s stint with Bitmain who served as vice president of Bitmain Worldwide.  The closure of Israeli operations for Bitmain shows that the sharp fall in the price of the Bitcoin has made things really difficult for crypto miners Glikberg, probably, in his last statement at the company spoke to his employees in Israel where he said “The crypto market has been in turmoil for the last few months, forcing Bitmain to examine the various activities in the global company and to ... read more
    Source: CoinGapePublished on 2018-12-10By Divya Bhatia
    7 hours ago
  • Crypto market conditions force Bitmain to close its development center in Israel
    Crypto market conditions force Bitmain to close its development center in Israel Crypto mining giant Bitmain reportedly closed their development center in Israel. In fact, the company had to lay off all 23 employees. Israeli business news outlet Globes got the news on Monday, December 10. The development center of Bitmain which was set up two years ago. The center which was under Gadi Glikberg will reportedly close this week. Glikberg, head of the Israeli center will also be leaving the organisation. The reason behind the sudden decision is the sharp fall of the Bitcoin price and the overall decline in the cryptocurrency market. According to the news outlet, Glikberg told Bitmain’s Israeli employees, “The crypto market has undergone a shake-up in the past few months, which has forced Bitmain to examine its various activities around the globe and to refocus its business in accordance with the current situation.” The Israeli development center was engaged in developing blockchain technology, the Connect BTC mining pool, and artificial intelligence technology for the Sophon project. For those who aren’t aware, Bitmain is the largest manufacturer of hardware for cryptocurrency mining using ASIC technology in the world. The company is based in China and ... read more
    Source: BCFocusPublished on 2018-12-10By Pinaz Kazi
    7 hours ago
  • Korean Shinhan Bank Embarks A Blockchain Project On Record-Keeping
    On December 10, this new blockchain project initiative was out by a daily news outlet familiar as “The Korea Times”. Shinhan works with an integration of blockchain and cryptocurrency spheres since around 18 months. The firm also accomplishes a staff training program for enhancing knowledge about blockchain usage in numerous applications. According to the news, back on November 30, the bank enacts interest rate swap transactions via the technology. The bank calls it as “initial” for a South Korean lender. Currently, operations like financial record-keeping are under focus to form automation. This will exclude the chances of human mistakes and improve overall efficiency. Moreover, the publication quotes, Prior to the blockchain-based process, there had been no standardized rules governing keeping and managing financial records, a reason why market participants had to rely on their own records which often times led to errors despite the cross-checking process requirement Moreover, this new project will help minimize human errors and make it clear, instead of wasting time on re-settling mistakes. Also, Shinhan causes a fuss back in November 2017 revealing its work on providing its client’s cryptocurrency wallets. Right from the time, many partnerships and trials are observing blockchain technology that ... read more
    Source: CoinpediaPublished on 2018-12-10By Delma Wilson
    7 hours ago
  • Bitcoin & Ethereum Fundamentals Outperforming Price, Analyst says “Volatility driven by Technical Factors”
    Bitcoin and Ethereum are in the green while BTC dominance is taking a hike to 55 percent. Meanwhile, analysts and experts say the recent volatility is driven by technical factors and price is down more than the fundamentals. Bitcoin Dominance Taking a Hike While Ethereum’s Sliding Downwards Currently, trading at $3,544 with 24-hours gains of 1.44 percent, Bitcoin is managing the daily trading volume of $4.9 billion. The leading cryptocurrency has lost more than 82 percent of its value from its peak. Bitcoin price chart, Source: Coinmarketcap Ethereum is trading at around $93 while registering greens by 1.39 percent while being in the red by 0.69 percent in the BTC market. Ethereum price chart, Source: Coinmarketcap Meanwhile, BTC dominance is rising at 55 percent and Ethereum is decreasing, reaching 8 percent. Source: Coinmarketcap Price Down more than Fundamentals Though there is no telling how low the prices will go, they are significantly down more than the fundamentals by Chris Burniske, a partner at Placeholder. In his latest blog post, he shares, “fundamentals of quality crypto networks are down less than prices, and significantly so,” where fundamentals refer to the health of the demand-siders and supply-siders. eToro ... read more
    Source: CoinGapePublished on 2018-12-10By Abhinav Agarwal
    7 hours ago
  • Justin Sun announces new TRON DEX
    The reigning king of announcements has announced that a joint venture between TRX.market and tronsan.org will introduce a decentralized TRX trading platform.Justin Sun, Tron’s CEO and hype man, tweeted that the launch of the new decentralized exchange (DEX) was imminent:
    https://t.co/8NHG3hr5TT and https://t.co/1rd0MKuqEn will jointly launch a new #TRX dex trading platform with powerful engine in 48 hours. New dex supports TRC 10 and 20 together! Looking forward to seeing it! #TRON #TRX — Justin Sun (@justinsuntron) December 10, 2018 As per every announcement from Sun, this stirred up mixed reactions from the crypto community.
    If Tron don't become #1 within 2 years then feed me nails and call me Rusty! — AM (@Dcrypto_lumbus) December 10, 2018
    That’s great news @justinsuntron can’t wait to see the new platform !👏🏼 #trx — Coach Mandy 🏊🏼‍♂️ (@SwimCoachMandy) December 10, 2018
    That’s great news @justinsuntron can’t wait to see the new platform !👏🏼 #trx — Coach Mandy 🏊🏼‍♂️ (@SwimCoachMandy) December 10, 2018 Others, however, weren’t so supportive...
    pic.twitter.com/dqwZXbt7rg — George BitCostanza (@time_crypto) December 10, 2018 ... read more
    Source: ChepicapPublished on 2018-12-10
    7 hours ago
  • Coinbase Lists Four New ERC20 Tokens on Coinbase Pro
    Coinbase has added four new coins on its retail trading platform Coinbase Pro. The new assets available are Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA), all of which are ERC20 tokens. The exchange enabled users to deposit their coins ahead of trading. Seven ERC20s Grace Coinbase Earlier in the year, Coinbase decided to increase the number of new tokens on its platform and leaned towards tokens created with ERC20 standards. It has already listed, Basic Attention Token (BAT), USDC (USD Coin) and 0x Protocol (ZRX) to its platform. The four new tokens take the ERC20 token tally to seven. On its move to add Ethereum-based tokens to its exchange, Coinbase said: “Our decision to add ERC20 tokens first is based on the relative ease of integrating the standard with our existing infrastructure, particularly from a security standpoint.” The exchange also said that some other popular assets had not been added to the platform yet, but it is exploring the option to do so. In a separate post, it informed that the Ripple’s XRP and Cardano’s ADA are some of the assets that the exchange is considering. Trading Is Beginning on Coinbase The exchange noted that it would start accepting ... read more
    Source: BloktPublished on 2018-12-10By Viraj Shah
    7 hours ago
  • Stablecoin EURS To Undergo Quarterly Audits
    Stasis, a Maltese crypto company, which issues euro-pegged EURS stablecoins, started cooperating with the accounting firm BDO to conduct financial audits, Coindesk reports.    In particular, auditors will control the availability of fiat money needed to back up the tokens. Investors are often sceptical about stablecoin issuers who claim to have sufficient fiat reserves to ensure liquidity of their digital analogs. Therefore, these audits are aimed to dispel doubts and prove that each EURS token is backed by one euro in the bank account of Stasis.   According to Vyacheslav Kim, financial director of Stasis, today there are two questions regarding stablecoins — compliance and transparency. He added that cooperation with a leading audit firm as well as operation under the Maltese laws make EURS the best option for investment. BDO’s Maltese branch is a part of the global network BDO International, which provides audit services to clients in more than 160 countries. The firm will conduct quarterly and annual audits of Stasis.   According to CoinMarketCap data, the company has issued 30,379,207 EURS tokens, which means that Stasis should provide exactly the same number.   The controversy in the industry is primarily caused by the scandalous stablecoin ... read more
    Source: BlockspointPublished on 2018-12-10
    7 hours ago
  • Tron [TRX] executive on Tron Accelerator’s recent developments and plans to drive adoption
    After Tron’s Justin Sun announced the Tron Accelerator competition, developers have been constantly upping their game in a bid to win the much-awaited bout. In a recent interview with CodeXpert, Tron Foundation’s executive Tom Mao informed about the plans they have made to drive adoption and solving scalability issues with Ethereum [ETH] and Bitcoin [BTC]. BTC and ETH have a proven working system, giving rise to energy inefficiency and a centralized mining corporation. Mao said that Tron is different from the two large coins and especially, from ETH. Tron uses a unique delegated proof-of-system and the TRX holders “have the right to vote for Super Representatives who they feel the best help with the Tron ecosystem and widespread adoption of TRX”. According to Mao, this helps “democratize and decentralize the power”. Mao also added: “There’s a process to apply to be a Super Representative Candidate (SRC) and the role of a Super Representative (SR) is to produce blocks for the Tron network. But what they really do is they’re trying to help spread widespread adoption of  TRX. Make people aware of Tron and TRX. And then also hopefully sponsor projects that create DApps in which TRX is used and adopted.” ... read more
    Source: AMB CryptoPublished on 2018-12-10By Namrata Shukla
    7 hours ago
  • Justin Sun to Ethereum Developers: Jump Ship and Bring Your dApps With You, Tron Will Rescue You
    Tron CEO Justin Sun has urged Ethereum developers to jump ship and come aboard Tron’s expanding ecosystem. How his target audience responds to the offer remains to be seen, but it is obvious by this point that the Tron CEO is pulling no punches to exert Tron’s dominance in the fierce rivalry between the two ecosystems. Tron Goes on the Offensive Against Ethereum Justin Sun tweeted Dec 6, 2018, announcing that Tron is currently hiring and the door is open to anybody willing to cut the cord with the Ethereum network, which he says, is due for a collapse. The career section of the Tron website lists several openings in the accounts, business development, engineering, human resource, IT, and marketing departments. But of course, it is the developers the Tron CEO seems particularly interested in, which is why he promised a special “rescue fund” for ETH and EOS developers who are considering migrating their dApps to the Tron network.
    #TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON. #TRX $TRX — Justin Sun (@justinsuntron) December 7, 2018 Sun’s ... read more
    Source: BloktPublished on 2018-12-10By Shilpa Lama
    7 hours ago
  • Crypto Bear Market Just a Temporary Phase, According to Shapeshift CEO
    CEO of Shapeshift, Erik Voorhees is without any doubt a reputed name in the crypto and blockchain space. In a recent interview, Voorhees showed his optimistic views about the cryptocurrency market despite the current red market. Early Days of Bitcoin Talking about the early days of the Bitcoin, Voorhees said: “In the early days Bitcoin was 100 percent of what we all cared about. There was no blockchain movement. There were no other assets, except perhaps Namecoin. The primary purpose everyone cared about was changing currency itself, and the focus was on getting merchant adoption. Further, the community was much more monoculture. It was almost entirely English-speaking, technical, 20- to 35-year-old males. Today, the ecosystem is far broader and more diverse, in assets, purpose, and demographics. This is a tremendous sign that the ecosystem is growing.” Decentralization of Money According to Voorhees, money is very similar to language in the sense that people use language to interact with each other with communication while money is used to interact for the purpose of exchange. He further said that both these interaction mediums are very important and should not be in the hands of central authorities like governments. Just as ... read more
    Source: The Crypto UpdatesPublished on 2018-12-10By admin
    7 hours ago
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