EOS Price Prediction: Long-term (EOS) Value Forecast – June 29

Could the Next EOS Announcement by Block.One Be for A #B1 Social Network of Their Own?
  • On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $7.50 and $8.50 resistance levels.
  • On the downside, if the bears break below the EMAs, the crypto’s price will fall and retest the $6.0 level.

EOS/USD Long-term Trend: Bullish

  • Resistance Levels: $8.0, $8.5, $9.0
  • Support levels: $ 7.0, $ 6.5, $6.0

The EOS/USD pair is in a bearish trend. The price of the EOS is facing two overhead resistances. On May 31, the bulls tested the $8.50 overhead resistance. The bulls were resisted and the EOS market had a downward correction to a low at $6.2 price level. The bulls pulled above the EMAs and were resisted at $7.50 price level. The EOS market was on a downward correction to a low at $5.50 price level. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $7.50 and $8.50 resistance levels.

On the downside, if the bears break below the EMAs, the crypto’s price will fall and retest the $6.0 level. On June 1, the price of EOS has an opening balance of $8.53 and a closing balance of $6.17. The price of EOS has depreciated by 0.27% of its capitalization in June 2019. The market is at the oversold region of the daily stochastic but below 60% range which indicates that EOS price is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha

Todd J. Zywicki: Your Historic Baseball Cards Could be a Better Store of Value

Todd J. Zywicki: Your Historic Baseball Cards Could be a Better Store of Value

Compared with Bitcoin has always been tipped as a store of value. This is the common belief among many crypto worshippers out there, however crypto naysayers have a different view about the king coin.

An investment commodity can be described as things that individuals purchase that represent a store of value since at the end they can be used as aesthetics, or have historical or emotional value. That is why Baseball cards as well as other collectibles such as arts or rare coins are good examples of investment commodity. C

According to Todd J. Zywicki is a Senior Scholar of the Mercatus Center at George Mason University, Bitcoin has no intrinsic value. He explains his point to CCN:

“Economist Vernon Smith has shown that investment markets are more prone to boom and busts then markets involving end-use goods. The argument is not so much about subjective value, but that the value of an investment commodity is your expectation as to what everybody else will value it at. Bitcoin has no intrinsic use value. Its value derives from your expectations about other people’s values, which is in turn based on their expectations of everybody else’s views.”

The scholar adds that Bitcoin has no end-use, aesthetic, historical, or emotional value. He explains that the coin is 100% speculation and no clear utilization value is attached to it. The scholar says that these are the reasons why the king coin has a high price volatility.

According to Zywicki, Bitcoin is anchored on nothing and its value highly depends on various layers of investor expectations which effectively makes it a derivative of derivative that is based on nothing.

He explains that Bitcoin cannot be a store of value as it has 95 percent probability to swing 166 percent to any direction in a particular year.

Baseball Cards Better Than Bitcoin

The scholar explains that baseball cards have a higher store of value compared to Bitcoin. He starts by explaining that Baseball cards’ volatility is low compared to Bitcoin.

He then points that the top 100 rarest baseball cards have at times outperformed the S&P 500 by over 200 percent in the wake of the financial meltdown. He also adds that the top 2500 baseball cards have matched the S&P 500’s return and with even low volatility as seen in the charts below:

PWCC 100 Index outperforms S&P 500 | Source: PWCC Marketplace

The scholar goes ahead to compare baseball card’s volatility with that of the Bitcoin as indicated in the chart below:

Suffice to say that BTC is more than a bit volatile. | Source: High Charts

Zywicki concludes by saying that a store of value enables an investor to have a dreamy night aware that when he finally wakes up there will be less price movement in the holding value of the asset. However, this is not the case with Bitcoin as it can even move for more than 15 percent within one hour.

Will Zywicki and other crypto naysayers be forced to eat humble pie in the future when the cryptos become the most preferred commodity to store value? Let us know in the comments section.

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Author: Joseph Kibe

Ethereum Price Prediction: Long-term (ETH) Value Forecast – June 29

Newest Chainalysis Research Shows Under 400 Individuals Hold a Third of all Ether (ETH) in Existence
  • On June 21, the bulls broke the $280 overhead resistance and reached the high of $315.
  • The price of Ethereum appreciated by 15% of its capilisazation in the month of June 2019.

ETH/USD Long-term Trend: Bullish

  • Resistance Levels: $320, $340, $360
  • Support Levels: $300, $280, $260

The ETH/USD pair is now in a bullish trend. In retrospect, the price of Ethereum had been in a sideways trend trading between the levels of $220 and $280 for a month. On June 21, the bulls broke the $280 overhead resistance and reached the high of $315. From the chart, on June 26, the bulls tested the $360 price level and were resisted.

The ETH market was on a downward correction to the support of the 12-day EMA. The 12-day EMA support level was holding as the bulls make an upward move to the previous highs. The ETH price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

On the other hand, if the bears break below the EMAs, the crypto’s price will fall to the low of $240 price level. On June 1, the ETH price has an opening balance of $267 and closing balance of $308 as at June 28. The price of Ethereum appreciated by 15% of its capilisazation in the month of June 2019. From the Fibonacci tool, the ETH price is in the downtrend zone of 0.50 Fib retracement level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

 

Ethereum’s price is $311.74 ETH/USD exchange rate today. The real-time ETH market cap of $33.26 Billion currently ranks #2 with , daily trading volume of $3.49 Billion and live coin value change of ETH 0.96 in the last 24 hours.

Latest Ethereum Price Analysis, Chart Forecasts and Blockchain News

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Azeez Mustapha

Binance to Launch an ‘Anti-Fraud System’ as Bitrue Receives Praises in Response to the Hack

Binance-to-Launch-an-Anti-Fraud-System-as-Bitrue-Receives-Praises-in-Response-to-the-Hack

Bitrue, a Singaporean cryptocurrency exchange, is the latest victim of Crypto Exchange hacks – a vice the cryptocurrency industry has never fully managed to contain. The exchange lost 9.3 million XRP and 2.5 million ADA coins from its hot wallet during a breach. How it happened is quite unbelievable.

What Bitrue termed a mere “system overload” which they estimated could have ended within 18 hours eventually turned out to be a nastier problem. According to the platform’s official statement, the hacker identified and used a vulnerable opening when the exchange’s Risk Control team where conducting their second review process.

In the end, the about 1 am hack led to about 90 users losing their funds. The hacker moved all the $4.2 million worth of user assets to Huobi Global, Binance, ChangeNOW and Bittrex accounts. Luckily, each of the receiving accounts was frozen and the stolen funds, recovered.

And, while Bitrue was back online in less than 24 hours, having recovered each of the lost assets, the platform received praises for how it handled the whole thing. The relatively small platform acted quickly and effectively executed its damage control, thanks to the support of the aforementioned exchanges involved.

The exchange even decided to compensate all those whose digital assets had been stolen, as per the exchange’s insurance policy. The platform’s official update thanked everyone who supported them.

Previously, a United Kingdom and Slovenia-based crypto exchange, GateHub, had suffered the same misfortune, losing nearly $10 million worth of XRP. Before that, lots of other platforms, including Japan’s Zeif, South Korea’s trio of Coinrail, Bithumb and YoBit.net and Italy’s BitGrail had suffered similar hacks.

Binance working on creating an Anti-Fraud System

As Bitrue recovers, a lasting solution to this whole menace could be in the offing, thanks to Binance. Reacting in the wake of the attack, Binance’s CEO, Changpeng Zhao tweeted that they were edging closer to finalizing work on a revolutionary “anti-fraud system” that will be free for all.

Admitting that the industry is, “decentralized, but united,” CZ, as he’s best known, said that the system would be available “soon.” In a series of tweets, he said that once released, the system would be able to track stolen assets using the Blockchain platform they are moved through.

He further said that the tool would be of help to other smaller exchanges, helping them prevent further spread of illegally acquired cryptos.

With the “anti-fraud system” exchanges will no longer have to go through the hassle of trawling through the Blockchain and countercheck the addresses they came from. Instead, it will send quick, timely information on the involved addresses and the type of coins stolen whenever a hack happens. That way, all exchanges are updated quickly and the funds frozen.

Following this announcement, the social media was alive with users airing their opinions on the tool. Many lauded Binance’s decision, saying the system would enhance integrity in the market. Some, however, pointed out that the tool could be used by the authorities to blacklist specific persons.

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Author: Lillian Peter

Satoshi Nakamoto Whereabouts: Allegedly Residing in Japan, United States and now Possibly Estonia?

Satoshi Nakamoto Whereabouts: Allegedly Residing in Japan, United States and now Possibly Estonia?

Satoshi Nakamoto – Allegedly Residing In Japan, United States And now Possibly Estonia, According to Research?

Estonia has cultivated a reputation as being a nation with a more positive approach towards innovative and disruptive technologies such as Blockchain. But with that in mind, there is something quite interesting about when exactly the small Baltic country first got involved with the technology – 2008.

For those savvier of what goes on in the crypto and blockchain world, you’ll know exactly what was first conjured up during this year – Bitcoin and the veritable birth of it and blockchain.

An Oddysey That Is Still Developing

Bitcoin, as some will already know, is not the first time the notion of virtual currency was proposed, but it was the first time that it came into being. The idea itself, having been around since the 1990s, being one of the concepts conjured up by the crytpo-anarchic minded academics and students, it has since become a broadly accepted concept – with blockchain technology as we know it now.

Having been formulated by the as yet mysterious and enigmatic Satoshi Nakamoto. It was only in 2018, that Justin Sabaje, a highly active Los Angeles lawyer, took it upon himself in order to dig into and finally [hopefully] uncover just who exactly this mysterious creator is. Just where his personal investigation brought him to was pretty unusual, at least compared to other theories out there – it brought him across oceans to Estonia.

Interestingly, while digging more into how exactly Estonia makes use of blockchain technology, there were a range of documents which detailed and listed the kind of blockchain it uses, just how it was built, and who was part of the team that allowed for it to finally be developed and launched.

According to the documentation, this is one of the first countries to actually implement a blockchain solution on a national level – having officially put it into action back in 2012. But what prevents us from just accepting that and moving on is the fact that, digging further into this documentation – it had actually begun testing back in 2008. So, naturally there were questions circulating as to why.

Sabaje himself was under the impression, according to some of the clues he had been following, that one of the people of interest was a man by the name of Helge Lipmaa, and went on to provide a good deal of evidence, albeit circumstantial in nature. An example of this circumstantial evidence included the interestingly identical displayed birthdays of both Satoshi Nakamoto and Lipmaa. Lipmaa had also been responsible for the applied process of timestamping digital documentation, and had actually placed a special emphasis on the concept of blockchain technology for his personal Doctoral thesis back during the 1990s.

Along with this thesis, Lipmaa had also been an active defender of it during his time at the University of Tartu in 1999. The range of evidence does continue on, with some of it concluding that, with the additionally interesting fact that his personal blog was shut down during 2008. At the same kind of time that Nakamoto’s blog became exceptionally active.

While the amount of evidence makes for an interesting case, Lipmaa categorically denies any kind of connection with Nakamoto. In addition to this overt denial, Lipmaa has since stated that he has, and wants nothing to do with the topic, thanks in large part to the onslaught of press enquiries he has received in the aftermath of it, due to Sabaje sending his findings to a series of major international news outlets.

While this investigation turned out to be a bit of a dead end for Sabaje, he was on the right kind of tracks in believing that it was Lipmaa, considering the fact that he and Ahto Buldas were both involved in research together on the concept of linked timestamping.

However

While there was a pretty interesting kind of paper trail heading over to the Baltic, there is a different theory being put out there by another writer. While they do go on to concede that it’s not a wholly unique theory to suggest that Satoshi may refer to a collective of people as opposed to just being one person.

But, what this writer did find when delving into the kind of history that the nation of Estonia has had with blockchain technology, along with the company that actually designed it, theories started to percolate as to whether this particular company was, in fact, Satoshi Nakamoto. And if not the company in its own right, then at least the founder of it.

The company itself, more commonly known as Guardtime, is one of the leading developers and providers of bespoke blockchain solutions for governments, as well as major corporations across the world. In the past, these have consisted of some pretty big names such as Verizon and Ericsson. When it comes to deals with international governments – these consist of the United States, China, the Netherlands, the United Kingdom, along with the Kingdom of Thailand.

Each of these countries has since signed deals in order to collaborate with Guard time in order to develop highly secure blockchain solutions for incredibly sensitive and major sectors of their governments.

Now For The Incredibly Interesting Part

If we actually take look through the news regarding Guardtime during the time frame of 2008 to 2012, one of the results comes up as showing that the company has been working with blockchain technology since 2008.

https://cdn-images-1.medium.com/max/1600/1*QK7HC96sOM6qscnHbdobpQ.png

https://cdn-images-1.medium.com/max/1600/1*QK7HC96sOM6qscnHbdobpQ.png

Users can find this particular screen and page using the Wayback Machine to find it, being dated December 28, 2007:

https://cdn-images-1.medium.com/max/1600/1*Vot9EES5c-vMispT8f19tw.png

https://cdn-images-1.medium.com/max/1600/1*Vot9EES5c-vMispT8f19tw.png

https://cdn-images-1.medium.com/max/1600/1*63vW2uzqg3j61iG3l0wJiA.png

https://cdn-images-1.medium.com/max/1600/1*63vW2uzqg3j61iG3l0wJiA.png

https://cdn-images-1.medium.com/max/1600/1*vC0-rRqmR31xAq7GiGCACg.png

https://cdn-images-1.medium.com/max/1600/1*vC0-rRqmR31xAq7GiGCACg.png

What we find out from some of these pages, according to the writer, is that the founder of Guardtime is a Mike Gault. So here is where it delves into a mission akin to Atlas Shrugged. And it turns out that you don’t exactly need to look that far – considering that he has an online bio on Crunchbase:

Mike Gault is the current CEO and Founder of Guardtime. Gault has led the company for the last 10 years (taking him to 2008/9 easily). Mike Gault started his career by conducting research while residing in Japan on the numerical analysis of quantum devices. From here, Gault then spent the next 10 years as a quant and derivatives trade with both Credit Suisse and Barclays Capital in Tokyo.

Mike Gault has since recieved a PH.D specializing in electronic engineering from the University of Wales, as well as an MBA from the Kellogg-HKUST Executive MBA Program.

Taking into consideration the fact that Gault, being a graduate of the University of Wales, while also being a long time resident of Japan would go a long way to explaining the various time-stamps for correspondence with Nakamoto, as well as the perfect command of English that he had.

“Nakamoto claimed that work on the writing of the code began in 2007. (Guardtime fired up its servers on 07/07/2007, as mentioned below)”

And,

“He provided some commentary on banking and fractional-reserve banking. On his P2P Foundation profile as of 2012, Nakamoto claimed to be a 37-year-old male who lived in Japan, but some speculated he was unlikely to be Japanese due to his use of perfect English and his bitcoin software not being documented or labelled in Japanese.”

The evidence demonstrating his written sensibilities is shown through his correspondence through forum posts as well as personal emails to colleagues.

“Occasional British English spelling and terminology (such as the phrase “bloody hard”) in both source code comments and forum postings led to speculation that Nakamoto, or at least one individual in the consortium claiming to be him, was of Commonwealth origin.”

“Moreover, the first bitcoin block that could only be mined by Satoshi contains the encoded text The Times 03/Jan/2009 Chancellor on brink of second bailout for banks which implies that he was reading London’s The Times newspaper at the time of the inception of bitcoin.”

Along with this amount of evidence, there is also an accompanying publication based in Estonia, which comes emblazoned with a Google timestamp from December 18th, 2008, bus having been dated in August 2009 within the actual publication.

One of the other potential smoking guns that exists in the mind of this writer, demonstrates that Guardtime was officially established back in 2006. Was this a mistake? Or more proof?

“Japan Guard Time Incorporated –

Awarded Red Herring’s top 100 companies in Asia, Guardtime was founded in 2006 by two cryptologists named Mart Saarepera and Ahto Buldas as well as the current CEO – Mike Gault. GuardTime offers a scalable, highly available keyless signature service.”

“Whether data from around the world is stored on a disk, travels through a network, or is deposited on the cloud, you can prove the time, source and integrity of data throughput throughout the data lifecycle. We provide keyless signature services.”

There is yet more telling evidence and confusion within a particular written interview with Mike Gault from around 2012/2013. It contains a series of clues and demonstrates a range of connections both Gault and GuardTime itself have to the start of blockchain technology. These are some of the first paragraphs.

“In 1988, when the digital world was still in the distant future, two young students of cybernetics — Märt Saarepera and Ahto Buldas — met at the Tallinn University of Technology. Some years later, Saarepera travelled to Tokyo as an exchange student and dived into the world of applied information security and cryptography, publishing in various scientific journals. At the same time, Buldas stayed in Tallinn, working on digital signatures, the latest rage all around the world.”

“At the Tokyo Institute of Technology, Saarepera met two people who later became the key figures behind Guardtime. First he struck up a friendship with his course-mate Mike Gault, who was studying quantum transistors.He then found common ground with the well-known Japanese venture capitalist, technology guru, DJ and writer Joichi Ito.”

“Ito, the founder of the first ever Japanese website, invited Saarepera to work in his business incubator, Neoteny Labs. In the second half of the 1990s, Saarepera and Buldas made big plans. They discussed the nitty-gritty of the global information security system. They looked for development funds. They attracted the interest of the Estonians who had founded Skype and, together with some partners, Skype invested over 15 million Estonian kroons (about 560,000 euros) in the enterprise.”

The evidence continues.

“In autumn 2007, Ito visited Tallinn in order to formalise his personal investment in Guardtime. He visited the Skype team led by Toivo Annus, and in his subsequent blog post he had only good things to say about Estonians and the free wifi network of Tallinn. The quality of the latter supposedly surpassed the wifi of Frankfurt Airport but not that of Ito’s own Tokyo office. Guardtime received a new impetus.Ito became an important person in setting the direction of the company. On the magic date of 07.07.07 the clock of the servers was started and the history of Guardtime began. Now it was possible to check and issue signatures.”

Taking a Dive Into The Life Of Joichi Ito

The writer then dives into the like of the previously mentioned Joichi Ito. Ito himself was born in Japan, but has since lived in both Canada and the United States until he was 14, when he and his family returned to Japan. Even with these series of moves, Ito himself continued to attend an American-influenced School. While he lived in the United states, this would put his time cycle several hours behind that of Japan. When it comes to the hours of inactivity for Satoshi Nakamoto, his typical hours of inactivity and sleep would generally have to be between 1am and 7am.

This would make for a more than logical time frame for many of us to sleep during. It is also likely that Ito learned his fair share of British / English phrases while he attended his more internationalized school.

While also attending this international school, Io has since built up a reputation for himself as a well known and accomplished venture capitalist, being one of the early stage investors in companies like – 3Dsolve, Dopplr, Formlabs, SocialText, Flickr, Kongregate along with a wide array of other internet based companies.

According to a more publically facing profile of his, Ito is also known as:

“A vocal advocate of emergent democracy and the sharing economy, Ito is a doctoral candidate in Business Administration focusing on the sharing economy at the Graduate School of International Corporate Strategy, Hitotsubashi University. He is the author of Emergent Democracy. Ito is Senior Visiting Researcher of Keio Research Institute at SFC. In May 2011, it was announced that Ito’s company, Digital Garage, will provide PR, marketing, product marketing research and market research for Linkedin Japan.”

About Märt Saarepera And Ahto Buldas

According to sources, we have both Mart Saarepera and Ahto Buldas to thanks for the invention of the Hash Calendar

“Their design goal was to remove the need for a trusted third party i.e. that the time of the timestamp should be verifiable independently from the issuer of the timestamp.”

According to an article that was officially published by LHV within its dedicated forums in 2008, it was further noted.

“The technology magazine Red Herring put the world’s most innovative companies at the end of January. Of the 1,200 companies, hundreds of the most innovative in the world were selected after several rounds. In 2006, GuardTime, founded by Estonians Märt Saarepera and Ahto Buldas, won the Red Herring TOP 100 place.”

The LHV article goes into further detail.

“GuardTime is engaged in technology development, which is a timestamp or a digital fingerprint. Tracking devices and programs and technology developed by GuardTime can determine when files are actually created. GuardTime technology can be implemented by any authority that needs to prove when digital data was created. Thanks to the GuardTime team, Alex Vieux, head of Red Herring, said he was the best choice after the winners were announced.”

In addition to this information about the two founders. There is also an accompanying photo that is available to view via Flickr dated back in 2007 – showing Märt Saarepera standing in front of a white board which appears to have an outline of what we know as being a Merkle Tree – a layer solution for dealing with processing information at speed. It is also found that the photo itself appears to have been taken by Joichi Ito.

So what exactly does this mean? Could this forum post along with the photograph be some of the first pieces of evidence that we have of the team working to build the very first blockchain?

Ahto Buldas himself also took to the internet on 2007 in order to publish a paper which showcases the following:

“We prove in a non-black-box way that every bounded list and set commitment scheme is knowledge-binding. This is a new and rather strong security condition, which makes the security definitions for time-stamping much more natural compared to the previous definitions, which assume unpredictability of adversaries. As a direct consequence, list and set commitment schemes with partial opening property are sufficient for secure time-stamping if the number of elements has an explicit upper bound”

Buldas goes into further detail about commitment schemes as well as more information about cryptography.

“Commitment schemes are basic building blocks in numerous cryptographic protocols. The most important properties of commitment schemes are binding and hiding. A commitment is hiding if it reveals no information about the committed message and binding if it is impossible to change the committed message afterwards without detection.”

Finally,

“However, Buldas et al [7] pointed out a flaw in the security proof of [12]. By giving a carefully crafted oracle separation they showed that pure collision-resistance is insufficient to prove that the hash tree time-stamping schemes [12] are secure. In other words, either there are collision-resistant functions that are still insecure for time-stamping, or the security of time-stamping schemes follows from currently unknown complexity-theoretic results.”

When It Comes To Blockchain Technology – Surely This is an Outline?

Another piece of information that makes this investigation all the more interesting for the writer is the fact that there was an article dated last year on Issuu, which makes the argument that GuardTime was actually working on the concept and application of blockchain technology in a practical sense before Satoshi’s Bitcoin.

Through the use of the Wayback Machine, there were a large number of grants for research submitted to the Cybernetica organization. These consist of various research proposals such as – ‘Privacy Mining: Cryptographic Methods (ETF6848) which surfaced between 2006 and 2008, along with the 2003/2004 proposal ‘Cryptographic Methods to Ensure Consistency of Database Query Responses (ETF5568).

So, in summary, the writer had managed to find this information over a matter of hours. And while it is all based upon speculation, it’s fair to say that the researcher is onto something pretty profound here. The writer then goes on to explain why there are so many companies that invested into GuardTime’s application of blockchain technology with relative speed and ease, this would lead the company to become the leading face for governmental and business-facing blockchain applications in the world.

Maybe the reason we’re not getting so much in the way of information from this illustrious Satoshi Nakamoto is because he is compounded by some kind of business related of governmental non-disclosure agreement. To go even further, the writer muses that maybe this is also the reason why Satoshi’s wallet has not been touched since he first deposited the BTC into it – because it’s owned by a conjoint Estonian/Japanese industry agreement or their governments.

While these are certainly some plausible theories provided, the truth certainly remains to be seen, for now.

Read Original/a>
Author: James Fox

Bitcoin’s Price Tends to Swing on Weekends: Here are Some of the Reasons Why

Bitcoin’s Price Tends to Swing on Weekends: Here are Some of the Reasons Why

While Saturday nights are eagerly awaited by many as a much-needed break from the workweek, but it is apparently emerging as the most crucial time for Bitcoin traders to buy and sell the most popular cryptocurrency.

According to Bloomberg, weekend spikes from the start of May account for approximately 40% of Bitcoin’s price addition in this year. As a matter of fact, a study of Bitcoin’s historical price data reveals that some of the biggest price changes occurred over the weekend. For instance, the highest Bitcoin price in history of $19,666 peaked on a Saturday in December 2017.

Cryptocurrency trading continues non-stop on a 24/7 basis across the various exchanges spread all over the planet. While many see this as an advantage with the potential benefits of making profits at the convenience of the active traders, it also comes with the challenges of constantly monitoring prices and making timely trades to book profits and cut losses during the odd-hours.

It is essentially turning out to be a case of frequent sleepless nights and busy weekends for the active crypto traders.

Mark Newton, a former Morgan Stanley technical strategist and the president and founder of Newton Advisors, which provides cryptocurrency technical analysis to hedge funds and other firms, confirms the observation:

“We’re seeing above-average volatility on weekends with it moving dramatically up or down.”

To be Ahead of the Pack

Just like in the traditional stock market where majority of the bigger companies delay the announcement of important business decisions and activities, for instance, Merger Monday, is well known as companies make acquisition announcements on Mondays.

Similarly, the trend is also becoming popular with crypto firms as they chose Mondays to make significant announcements. In this regard, majority of crypto traders are trying to be ahead of the news deluge by transacting over the weekend.

The president of crypto hedge fund ProChain Capital, David Tawil explains:

“It’s a little bit of anticipatory or front-running the news cycle by trading up on the weekend. I don’t think it’s wrong to bet that Monday morning would have a positive development in an ever developing crypto industry.”

The Groupthink Concept

Another reason is that various crypto investors could spend their weekends deliberating on different news items with their friends or colleagues investors, prompting them to trade their digital assets.

Chief executive officer of Bitwise Asset Management Hunter Horsley explains:

“Weekends are a time when people have more free time to read the week’s news, to chat with friends, to pitch friends on exciting things they heard about during the week.”

This could be true since as Bitcoin’s price was exploding in 2017, Thanksgiving events across the US were dominated by Bitcoin talks.

Similarly, large blockchain and crypto events have also led to an upward Bitcoin push due to the excitement they bring to crypto enthusiasts. For instance, the price of Bitcoin increased tremendously during New York’s blockchain week in May.

The Fear of Missing Out (FOMO)

There crypto enthusiasts who witness Bitcoin’s price gain tremendously during the week and out of anxiety of missing out on future gains, they jump into the fray. Opportunistic investors want to cash in on weekends after a successful week in the crypto market.

What do you think makes Bitcoin’s price to spike over the weekends? Let us know in the comments section.

Read Original/a>
Author: Joseph Kibe

Bears or Bulls: Will Bitcoin get the “Real Opportunity” to Test $9,500?

Bears or Bulls: Will Bitcoin get the “Real Opportunity” to Test $9,500?
  • A weekly close below $11,510 will give us a real opportunity” to retest $9,532 whiel a close above to retest local highs
  • Easing of tensions with the US and China not hurting BTC price

After seeing a sharp downward move earlier this week, for the past two days, Bitcoin is maintaining above $11,000 and flirting around $12,000 level, unable to make a strong move up yet.

Currently, we are at $11,731, in the green by 0.09% while managing the daily trading volume of $4.87 billion, which kept steady throughout the day.

For the time being, BTC is stuck, giving no signs of the direction it will move in but has the resistant and support levels, as shared by economist and trader Alex Kruger present at,

– R: 12000, 12500, 13000, 13300, 13600, 13900-14000, 15000, 17400, 20000, moon.
– S: 11600-11500, 11300, 10800, 10300, 10000, 9600.

Crypto trader and investor Josh Rager is watching for a weekly close above $11,510 as there’s confluence at that level.

If we close below then, he says, we will get a “real opportunity” to retest $9,532 while a close above lead us to retest local highs at $13,800s.

The Bitcoin Market State

The market is currently ranging around $11,600 that “coincidentally” is the 50% level for the 2017-18 move, explain Kruger. Price, he said should run above $12,500 and below $11,300 that mark yesterday’s highs and lows.

The bullish factor of the current market he says is that weak hands shook off. BitMEX funding has also dropped from 0.32% to 0.01% while margin longs/shorts have dropped drastically since the high. It is currently running at its lowest since May 11th, the day Bitcoin broke above $6,400 and the bull market officially began.

As for the bearish part, the price Kruger says is still overextended, so we are likely to consolidate and catch up with daily EMA 20 that is currently at $10,265.

On the move down, however, we have lots of stops below $10k that makes it an “attractive target for large traders gunning for stops, and make the $9900-$9600 area great for longs.”

Bitfinex-Tether hearing in July may also add downside fireworks, said Kruger.

“I’d be careful with longing here. Closed long for now unless the consecutive 4H candles closes above that wick, only then I’ll re-long,” analsyt Crypto Squeeze said.

Easing Of Tensions With The US And China Not Hurting BTC Price

One of the developments seen today is US President Donald Trump and China’s Xi Jinping agreeing to restart trade talks.

“We’re going to work with China where we left off,” he said, averting an escalation feared by the markets.

While the negotiations continue, Trump said existing US tariffs would remain in place against Chinese imports. But additional tariffs that he threatened to slap on Chinese goods won’t go forward for the “time being.”

The US-China trade war that negatively affected the traditional market, rather worked in favor of Bitcoin, working as a hedge and helping people move money out of China.

Though Trump spoke with Xi in length, doubt still persists about both the nations’ willingness to compromise on long term solutions.

However, it didn’t have any effect on the price of BTC, as noted by Bitcoin bull and Fundstrat’s Tom Lee.

“Easing of tensions with US and China and even the surprise of easing restrictions on huawei does not seem to be hurting bitcoin BTC. After pullback from $14k to $10k (which TA @rsluymer expected and was textbook Fibo), Bitcoin seems to be OK with developments.”

Meanwhile, Barry Silbert of Blockchain Capital took a jab at gold, “how’s gold responding to the news? oh wait, we’ll need to wait until Monday to find out.”

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Author: AnTy

TRON Price Prediction: Long-term (TRX) Value Forecast – June 29

Tron-Reaches-A-New-Record-With-3x-More-Transactions-Than-Ethereum-At-Its-All-Time-High

• The bulls are back in control of the long-term outlook.
• Traders may consider buying with bullish reversal candlestick pattern as confirmation

TRX/USD Long-term Trend: Bullish

Supply zone: $0.0500, $0.06000, $0.0700
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a bullish trend. The predicted target at $0.04000 in the supply area of the channel was attained on 25th June. This was a retest of the high the coin attained on 2nd June.

The formation of a bearish spinning top signaled a trend reversal as the bears gradually took control of the market.

Price fell initially to $0.03419 and thereafter to $0.03016 in the demand area below the lower trendline due to the downward momentum that was lost due to rejection at the 50-EMA.


Price is above the 50-EMA and the lower line of the channel an indication that the bulls are back in control of the market. The journey back to the $0.04000 and subsequently to $0.04200 at the upper line of the channel may occur in the new week.

A minor pullback may occur but traders may take advantage and buy low at bearish exhaustion areas.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

Investors Cannot Sell Their Digital Assets Due To Minimum Limits

  • Crypto investors are not being able to sell their virtual currencies due to high minimum limits
  • Blockchain.com says they have increased their limits to remain updated with network fees

It seems that there are several users that cannot sell their digital assets to the market because they are having trouble with the limit imposed by crypto wallets. Many wallets have imposed minimums that are currently close to $100 and small investors would not be able to leave the market if they want to sell.

Should Minimums Be Lowered?

Users that have less than $100 in Bitcoin or other cryptocurrencies might find it difficult to sell or transact their funds due to the minimums imposed by crypto wallets and platforms. According to a recent article released by Telegraph Money, many of those that purchased small amounts of Bitcoin (BTC) in 2017 and are trying to sell they are not able to do it.

Some of these platforms include the popular Blockchain.com wallet that has established very high limits for users to sell their funds. For example, Telegraph Money explains that there is a user that purchased 0.0062 of a cryptocurrency and found out that the minimum amount he could sell was 0.008. After some time, the user checked and the minimum amount moved to 0.01.

According to what Blockchain.com says, these minimums are established taking into account network fees. A spokesperson for Blockchain.com explained that they have evolved minimums to ensure users don’t pay uneconomical fees to move small amounts of money.

A recent analysis released by Interactive Investor shows that the minimums established by Blockchain.com seem very high compared to other companies. There are almost 18 million wallets that hold less than the necessary Bitcoin to reach the limit imposed by Blockchain.com.

In general, cryptocurrency exchanges have larger minimums for users to deal with virtual currencies. Trade and withdrawal limits also have very high limits. That shows that there are many things that companies in the space have to change, improve and enhance if they want to attract more investors to the market.

There are alternatives such as decentralized exchanges (DEX) and open-source wallets that would give users a different alternative to deal with digital assets and cryptocurrencies. However, newcomers tend to go to the most popular and recognized crypto wallets and services rather than using open source and decentralized platforms, which yet need to become mainstream.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Carl T

Blockchain Technology Adoption on the Rise in the Mining Industry

Blockchain Technology Adoption on the Rise in the Mining Industry

Its digital ledger, as well as encryption technology allows for the secure storage and sharing of digital currencies (cryptocurrency).

Blockchain is beneficial to the mining industry because it provides transparency and security in transacting business, changes made in documents, designs and other aspects of any transaction.

However, the benefits of blockchain technology transcends digital currencies, as it is beneficial to a whole lot of other industries. Taking the mining industry as a case study, here are three ways in which blockchain technology can be beneficial to the mining industry.

Compliance Made Simple

Blockchain technology would make compliance in mining and metals firms way easier and not so complicated. Companies which are focused on social responsibility, constantly handling technological improvements on equipment as well as increasing their transparency will definitely benefit from the blockchain environment.

Improved Safety And Less Errors

Shipments of companies being tracked by Blockchain technology will put some ease in the whole shipping process, because there is no risk of paper documents being lost, damaged, destroyed or altered (with nobody knowing). With blockchain technology, errors are reduced significantly.

Easy And Speedy Transactions

Blockchain technology allows for easier and faster transactions with the use of smart contracts. Processes are generally faster when blockchain tech is incorporated.

The growth potential and adoption of blockchain technology in the mining industry is majorly based on its ability to increase transparency and accountability in the mineral supply chain, a very important aspect of the mining industry as it becomes more consumer conscious.

Blue Hill Foundation (BHF)

Mongolia based mining company, Blue Hill Mining are already in the experimental phase of utilizing blockchain technology to increase transparency across supply chains.

The Blue Hill Foundation (BHF) is a gateway to Blue Hill Mining, a comprehensively regulated STO (security token offering) asset backed by one of Asia’s largest copper reserves.

Blue Hill Mining has witnessed significant feats in the close to a decade of geological planning. Huge amounts of nickel, cobalt, copper and gold have been found in research areas, which have very high demand across various industries.

Per the BHF lightpaper,

“Blue Hill Foundation is a 24% co-owner of the Blue Hill Mine alongside Blue Hill Mining. Blue Hill Foundation, as co-owner of the “Blue Hill Mine”, has entered the Blockchain space with the Bhf-Tokens, creating a financial strategy which opens the door to a 24/7 worldwide market”.

BHF Token Characteristics

  • Asset Backed
  • Exchangeable Token
  • Limited Token Offer

Blue Hill Mining plans on utilizing blockchain technology to track, store and log all data relating to mining and trading as well as to ensure the ethical sourcing of all raw materials across the mining industry.

Benefits Of Global Adoption Of Blockchain technology In The Mining Industry

Looking forward to how blockchain technology will affect the mining industry, there are still hanging questions on how the technology will be efficiently effected.

However, one thing is certain, blockchain technology will improve the security and transparency of supply chains as well as serve as an efficient way to track movement of materials from place to place.

All these will not come to actuality overnight, but if the adoption of blockchain technology keeps its steady rise, then, spreadsheets will be a thing of the past, sooner rather than later.

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Author: Osahon Okodugha