Cardano Price Prediction Today: Daily (ADA) Value Forecast – June 12

Cardano Rust Project Boasts New Features Towards ADA Decentralization
  • The ADA market was in a range bound move because of the $0.095 overhead resistance.
  • From the Fibonacci retracement tool, the crypto’s price is in the 0.236 Fib. retracement level.

  • Resistance Levels: $0.0960, $0.0980  $0.1000
  • Support levels: $0.0920, $0.0900, $0.0880

Yesterday, June 11, the price of ADA was trading in a sideways trend. The ADA market was in a range bound move because of the $0.095 overhead resistance.  A trend line is drawn to determine the duration of the bullish trend. On the upside, a bullish trend is said to be ongoing if the trend line is unbroken.

On the other hand, a bullish trend is said to be terminated if the trend line is broken and another candlestick is closed in the opposite of it. Meanwhile, the price of Cardano is in the overbought region of the daily stochastic but above the 80% range. This indicates that price is a bullish momentum and a buy signal.

ADA/USD Short-term Trend: Bearish

On the 1-hour chart, the ADA price is in a bullish trend. The price of ADA is making a series of higher highs and higher lows. The 12-day EMA and the 26-day EMA are pointing northward indicating that price is in a bullish trend. From the Fibonacci retracement tool, the crypto’s price is in the 0.236 Fib. retracement level.

The price is in the continuation zone of the Fibonacci tool. The price of ADA is above the EMAs, which indicates the crypto will appreciate in value. The daily stochastic is in the overbought region but above the 60% range. This implies that price is in a bullish momentum and a buy 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.

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Author: Azeez M

Binance Coin Price Prediction Today: Daily (BNB) Value Forecast – June 12

  • The price of Binance is currently trading at $35.017 as at the time of writing.
  • From the Fibonacci retracement tool, the crypto’s price is above the 0.236 Fib. retracement.

BNB/USD Medium-term Trend: Bullish

  • Resistance Levels: $36, $37¸ $38
  • Support levels: $34, $33 $32

Yesterday, June 11, the price of BNB was in a bullish trend. In the month of May, the Binance coin was trading in a sideways trend. The 12-day EMA and the 26-day EMA were flattened and trending horizontally. The crypto’s price is above the EMAs which indicates that price is likely to rise. The price of Binance is currently trading at $35.017 as at the time of writing. A trend line has been dawn to determine the duration of the bullish trend.

On the upside, a bullish trend is said to be ongoing if the trend line is unbroken. On the other hand, a bullish trend is said to be terminated if the trend line is broken and another candlestick is closed in the opposite of it. Nevertheless, Binance Coin is at the overbought region of the daily stochastic but above the 80% range. This indicates that the price is in the bullish momentum and a buy signal.

BNB/USD Short-term Trend: Bullish

On the 1-hour chart, the BNB price was in a bullish trend. The crypto’s price is making a series of higher highs and higher lows. The 12-day EMA and the 26-day EMA are pointing northward indicating that price is in a bullish trend. From the Fibonacci retracement tool, the crypto’s price is above the 0.236 Fib. retracement.

The price is in the continuation zone of the Fibonacci tool. As long as the price is above the EMAs, the crypto will appreciate in value.The daily stochastic is in the overbought region but above the 80% range. This indicates that price is in a bullish momentum and a buy 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.

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Author: Azeez M

Helium Startup Secures $15 Million, Plans to Add Tokens to Its Internet-of-Things (IoT) Business

Helium-Startup-Secures-15-Million-Plans-to-Add-Tokens-to-Its-Internet-of-Things-IoT-Business
  • Helium works with two new tokens to incentivize users.
  • The IoT company is going to be benefiting from blockchain technology.

Helium Starts Working With Tokens

Helium has just announced that it held a $15 million Series C that was co-led by Union Square Ventures and Multicoin Capital. The firm was created in order to create a low-cost data network for IoT devices. Now, the goal is to use tokens as a necessary tool for spurring adoption. This information has been released by CoinDesk in an article published a few hours ago.

During an interview with CoinDesk, the CEO and founder of Helium, Amir Haleem, said that the goal was to build a broad network for everyone to sue. In order to do so, he said that the team arrived at the conclusion that crypto was the best model for what they have been working on during these years.

At the same time, Haleem founded the firm with Shawn Fanning and Chris Bruce. The firm is currently selling its Helium Hotspot for $495. The device gets connected to users’ WiFi networks and it also works as a hub for IoT devices in the near area. Using low-power radio waves, the device provides a low-cost way to send small amounts of data to a central database.

Lime is one of the firms that will start working with this product in order to track devices. Moreover, Augulus will use it to collect agricultural data and Nestlé to track inventory in vending machines. At the moment, there are some reports that show that there are over 1 billion connected devices around the world.

Using Delegated Proof of Stake (DPoS) Consensus Algorithm

The network is going to have two different tokens one named helium and the other “data credits.” The second one can be earned after burning helium. Data credits can never leave the wallet that created them with just one exception: they need to be spent on the Helium network.

At the same time, Helium hotspots will be mining helium tokens by performing operations to secure the network. Furthermore, they can earn these coins by providing useful services to users. The startup uses also a delegated proof of stake (DPoS) in which nodes proven to be the most reliable over time verify these blocks and earn a portion of the inflation for their work. There is no current information about how long it will take for a hotspot owner to recover the investment.

There are 50,000 new tokens minted every single month, but these coins have to be burned as well. That means that the supply will continuously be contracted, however, Haleem believes that there will be a future in which the network will mature and the number of tokens remains stable.

The hotspot connects to a wireless router of a user and it sends and receives data from IoT devices in this area. The hotspot has a considerably greater range than just a WiFi node. Between 50 and 100 hotspots can cover an entire city.

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Author: Carl T

Tezos Price Prediction Today: Daily (XTZ) Value Forecast – June 12

Tezos Grows More than 90% in 30 Days; What’s Behind This XTZ Price Surge?
  • The crypto’s price is fluctuating between the levels of $1.20 and $1.30 in a tight range.
  • On June 7, the XTZ market reached a high of $1.400 overhead resistance level.

XTZ/USD Medium-term Trend: Ranging

  • Resistance Levels: $1.30, $1.35 ¸ $1.40
  • Support levels: $1.20, $1.15, $1.10

Yesterday, June 11, the price of Tezos was in a sideways trend. The crypto’s price was fluctuating between the levels of $1.20 and $1.30 in a tight range. The 12-day EMA and the 26-day EMA are contracting and trending horizontally indicating that price is in a sideways trend. On June 7, the XTZ market reached a high of $1.400 overhead resistance level. However, the bulls were resisted and the market fell to a low at $1.300 price level.

However, the bearish pressure continues as the price fell into the range bound zone. At the upper range, the bulls tested the $1.300 price level on three occasions. The lower price range of $1.200 had been tested by the bears only on two occasions. Meanwhile, the price of Tezos has reached the oversold region of the daily stochastic but below 40% range. This indicates that price is in a bearish momentum and a sell signal.

XTZ/USD Short-term Trend: Bearish

On the 1-hour chart, the XTZ price was in a bearish trend. The 12-day EMA and 26-day EMA are sloping horizontally indicating a sideways trend. On June 11, the crypto’s price fell to a low at $1.22 price level. The price of Tezos also faces resistance at the $1.29 price level. Meanwhile, the price of Tezos has reached the overbought region of the daily stochastic but above 80% range. This indicates that price is in a bullish momentum and a buy 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.

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Author: Azeez M

Is Bitcoin “A Hedge Against Global Instability”? Economist & Trader says “NO” But is He Right?

Is-Bitcoin-A-Hedge-Against-Global-Instability-Economist-&-Trader-says-NO-But-is-He-Right

While Bitcoin is up over 5% touching $8,200, the world share market has snapped its seven-day winning streak as the White House took a tough stance on trade talks with China. No visible rise in US inflation meanwhile is keeping up the talks of an early cut in interest rates.

Global Market Drops while Bitcoin Moving Upwards

Wall Street futures and Europe’s main markets followed Asia lower. Meanwhile, Benchmark government bonds rallied and the dollar hovered near 11 weeks low as the US consumer price index boosted traders’ bets on the first Fed rate cut since the financial crisis.

“I think we are in for a very nervous wait until next week’s FOMC meeting,”

said Saxo Bank’s head of FX strategy, John Hardy.

In the mix was Chinese inflation that overnight picked up to 15 months high because of surging pork prices. US President Donald Trump said on Tuesday he has no interest in moving ahead with China in a trade deal unless Beijing agrees with a few major points.

“The Fed interest rate way too high, added to ridiculous quantitative tightening! They don’t have a clue!”

said Trump on Twitter.

Fed policymakers will be meeting on June 18-19 against the backdrop of slowing US growth, rising trade tensions that have led markets to price in at least two rate cuts by 2019 end. Futures imply about 80 percent chance of a rate cut as early as next month.

While global markets are down, BTC/USD is currently trading at $8,200 with 24 hours gains of 5.05 percent and up 121 percent till date in 2019.

Will Bitcoin Emerge as a Hedge against the Instability

With growing tensions all over the world and the upcoming financial crisis that has been called out by several experts, the question is will the world’s top cryptocurrency work as a hedge against global instability.

“I think [Bitcoin is] serving as a bit of a non-correlated asset,”

said Barry Silbert, CEO and founder of Digital Currency Group when the US-China trade war escalated hitting stocks hard while the crypto market surged that got the community talking that crypto just might work as a safe haven.

“If you were in China and you wanted to diversify, it would seem logical that Bitcoin would be a short term alternative,”

Head of International Fixed Income at National Alliance Securities Andy Brenner, had said.

However, economist and trader Alex Kruger says Bitcoin is not a hedge against the global instability and “those who say it is are either fooled by randomness or cherry-picking data.”

“Bitcoin is as much a global instability hedge as it is an avocado hedge,”

said Kruger.

Kruger further talked about the BTC-stock price correlation that some argued were very high in May. This is true, says Kruger but he states that it wasn’t the case before May, however this correlation likely to emerge once the market becomes more institutionalized. In that case, both the possibilities of a risk-on and risk-off (safe haven) are possible.

The reasons for the same could be that the market is not mature enough and too concentrated in ownership to predict how exactly it will behave during a market crash.

Recently, eToro senior analysts, Mati Greenspan also said that,

”Bitcoin is not a safe haven. Unless you consider the entire fiat system unstable, which the current global market clearly does not.”

Fiat is still expected to win because in extreme scenarios cash is more liquid and less complicated for transacting, investing, and hedging that in part as explained by Jan Loeys, Managing Director and Analyst at JPMorgan could be due to fiat’s status as a legal tender.

All of Today’s Bitcoin Price Analysis, Chart Forecasts and Industry News

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Author: AnTy

OX Price Prediction Today: Daily (ZRX) Value Forecast – June 12

According to Latest Data, 0x has Only Procured Around $3K in ZRX tx Fees Since its Inception
  • The short-term is in the uptrend while the medium-term outlook is in a range-bound market.
  • Traders should be patient during the consolidation.

Supply zones: 0.3600, 0.3800, 0.4000

Demand zones: 0.2800, 0.2700, 0.2600

The cryptocurrency medium-term outlook remains in a range-bound market. The strong bears’ pressure on price that started on 8th June at $0.3771 in the supply area was weakened at $0.3062 in the demand area on 9th June. ZRXUSD has been consolidating since the drop.

The bulls were obviously in control since the market opens today. The bullish spinning at $0.3249 after the breakout further gave the bulls dominance. Price was up at $0.3384.
The signal of the stochastic oscillator is up at 68% an indication of upward momentum in price within the range.

The cryptocurrency is in consolidation and trading between $0.3500 in the upper supply area and at $0.3100 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

ZRX/USD Short-term Trend: Bullish


The coin is in a bullish trend in the short-term outlook. The bulls staged a comeback shortly after the market opened denoted by the bullish railroad formation. ZRXUSD rose to $0.3346 in the supply area before the bears’ corrective movement.

Price fell to $0.3222 around the trendline. The bounce did push the coin up to $0.3360 in the supply area.

The rid to $0.3600 in the supply area remains strong with the signal of the stochastic oscillator pointing up at 82%. The EMAs are fanned apart which implies strength in trend in the short-term.

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 M

Barry Silbert of Digital Currency Group Believes Bitcoin’s Bear Market Winter Is Ending

Barry-Silbert-of-Digital-Currency-Group-Believes-Bitcoins-Bear-Market-Winter-Is-Ending
  • Barry Silbert believes that the surge in crypto asset prices is a sign that the winter is ending.
  • Tone Vays contradictorily believes that the surge is due to inside capital and that the crypto winter will continue.

As the cryptocurrency market has evolved, it has already gone through some bearish and bullish trends. For 2018, the bear market took over, creating a “crypto winter,” but there are many people who say that the recent rallies of Bitcoin are an indication that the crypto winter is ending, like Barry Silbert. Silbert, the founder and CEO of Digital Currency Group, recently spoke with Bloomberg Technology of June 11th, expressing the cyclical nature of Bitcoin.

Explaining, Silbert told Bloomberg Technology that Bitcoin naturally experiences ups and downs in a pattern, which he believes is an indication that the crypto prices are meant to continue rising. The crypto investor discussed how the price dynamics of Bitcoin have been, in recent years, “quite a roller coaster,” considering that the price has taken an 80% to plummet four times in the last eight years, though it has reached all-time highs as well.

Considering these details, along with the surge in the market in 2019 so far, Silbert said that the current market “looks like, perhaps, we are coming out of a crypto winter and we’ve entered a crypto spring.” The executive added that there is a recent increase of institutions in the market, which shows that Bitcoin has come a long way since the bull market of 2017 after nearly reaching $20,000. Bringing attention to initiatives from traditional institutions, like Fidelity’s Bitcoin custody offering, Silbert explained that the contrast since 2017 is “really night and day.”

Earlier in 2019, Silbert said that he believes that the majority of digital tokens won’t be holding onto their value over time. He added that nearly every initial coin offering (ICO) that has been launched was

“just an attempt to raise money but there way no use for the underlying token.”

Tone Vays, a current researcher on blockchain and a former executive with JPMorgan, recently made comments that appeal skeptical that the crypto winter is over. In a stark contrast to Silbert’s opinion, Vays believes that internal capital was the primary support for the recent surge in crypto prices, which is not as confidence-inducing as the idea that external money is coming in.

According to recent data from CoinMarketCap, Bitcoin is presently priced at $8,161.73, rising by 3.72% in the last 24 hours. Most altcoins in the top 100 cryptocurrencies have seen gains in the same timeframe.

All of Today’s Bitcoin Price Analysis, Chart Forecasts and Industry News

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Author: Krystle M

Azerbaijan Government Inks a Deal with IBM to Use Blockchain Technology for Customs Processes

Azerbaijan-Government-Inks-a-Deal-with-IBM-to-Use-Blockchain-Technology-for-Customs-Processes

Azerbaijan’s State Customs Committee and IBM are set to sign a new agreement that will see blockchain technology being used in customs processes. The new deal signifies the developing cordial relationship between IBM and Azerbaijan government.

In October last year, Azerbaijan’s central bank inked an agreement with IBM which will effectively mean the bank can use blockchain technology in different areas for a period of five years. The new says that IBM will deploy its blockchain technology targeting cargo transportation.

The deal was made public by State Customs Committee chair, Safar Mehdiyev, during a press meet that was held to update the country about the ongoing IT/TI Conference and Exhibition of the World Customs Organization (WCO) that is being held in Baku, Azerbaijan.

Mehdiyev told the reporters that IBM blockchain technologies will be used to manage cargo transportation in the country and will be implemented before the end of the year. He explained that blockchain technology will permit sending of information about container shipments to the database. He explained:

“It will be possible to obtain the necessary information from the database online, without outside interference,” Mehdiyev stressed. “It will be useful for both entrepreneurs and customs authorities, as it will improve the quality of customs services provided.”

Blockchain For Seamless Custom Procedures

Majority of governments across the world are acknowledging the advantages of blockchain technology in customs processes. One of the governments implementing blockchain technology in its customs is the US which unveiled a trial scheme that is custom built on blockchain technology in August 2018.

Meanwhile, Azerbaijan looks forward in advancing blockchain technology outside its borders with an immediate target on its neighbors. Mehdiyev added that his committee was working on agreements to boost bilateral cooperation that will allow the use of the technology with different countries. The chair said that Moldova, Ukraine, and Georgia are under consideration presently.

“In this direction, we are implementing a project with Ukraine with the support of Georgia and Moldova,”

Cointelegraph quotes the chair.

Azerbaijan is proving to be friendly to blockchain based technologies with key government departments embracing the technology. Notably, Justice Ministry of Azerbaijan has also conveyed its interest in using distributed ledger technology to carrying out its day-to-day proceedings. It will be interesting to see whether other key governmental departments will embrace the technology in efforts to offer seamless services to the public.

Do you think adoption of blockchain technology by government agencies will improve service delivery? Share your views with us in the comments section.

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Author: Joseph Kibe

Live Planet’s Blockchain Division Welcomes Departing 20th Century Fox Film CTO to Work on VideoCoin Network

Former-20th-Century-Fox-Film-Industry-Veteran-Joins-Live-Planets-Blockchain-Powered-Division
  • Live Planet, Inc., a media technologies firm, will be joined by Hanno Basse, a former Chief Technology Officer (CTO) with 20th Century Fox Film Corporation.
  • Basse will be joining the Los Angeles based corporation, bringing his wealth of experience as he assumes the position of Live Planet’s Decentralized Media Solutions division, as president.

Traditional Institutions and Firms Considering Adopting Blockchain and Crypto-based Solutions

A few traditional institutions are known to be actively considering cryptocurrency and blockchain solutions as additions to their business, in recent times.

Some have already begun implementing these new solutions while others are reportedly still on the drawing board or in the testing phase.

Facebook, for example, is set to launch its own cryptocurrency called GlobalCoin and as part of its process to secure a space in the growing cryptosphere, the social media giant employed two former compliance managers from one of the biggest crypto exchanges in the world, Coinbase.

Live Planet Secures 20th Century’s CTO

In the practice of employee cross-carpeting, a new move has been announced as an addition to one of the major creators of next-generation media technologies, Live Planet Inc. According to a press release on the 11th of June, the media technologies firm will be joined by Hanno Basse, a former Chief Technology Officer (CTO) with 20th Century Fox Film Corporation.

Basse will be joining the Los Angeles based corporation, bringing his wealth of experience as he assumes the position of Live Planet’s Decentralized Media Solutions division, as president. Basse is a well-known technology expert in Hollywood and is expected to improve on Live Planet’s current solutions and probably add new ones as well. Some of Live Planet’s current efforts include an end-to-end virtual reality (VR) service for streaming videos as well as the VideoCoin network, a video infrastructure platform based on blockchain technology.

Live Planet CEO, Halsey Minor, has expressed quite a bit of optimism at the possibilities that will stem from the new addition. Minor said:

“I’m absolutely thrilled to mark the next stage of growth for Live Planet with the addition of Hanno to our world-class team of media and technology experts. Hanno brings a truly unique level of senior experience to Live Planet that will be extremely valuable to us as we help our customers meet the increasing demands of streaming video and next-generation on-demand services.”

Hanno Basse

Basse has a long track record of contributing to certain key innovations in the film industry. He was one of the key figures responsible for the forging of strong partnerships with major companies like Samsung, Barco and Ericsson. During his time at Fox, Basse was the first chairman of the UHD Alliance and played a pivotal role in the launch of the 4k-UHD Blu-Ray Disc format and the High Dynamic Range (HDR) as well.

Cryptocurrency and Blockchain in Other Film Industries

PewDiePie who until very recently had the YouTube channel with the most subscribers, (currently over 96 million with 3,864 videos) has revealed his decision to join a blockchain video service known as Dlive and begin streaming there. Dlive is powered by the Lino blockchain and seeks to pay content creators as well as viewers, for the effort and contribution to the platform. These creators and viewers will be paid in Lino tokens, the blockchain’s native cryptocurrency.

A little over a week ago, Brazil’s National Bank for Economic and Social Development (BNDES) was announced to be creating a documentary film which will mostly be funded via its own ether-based stablecoin called the BNDES token. The film will be produced in collaboration with a production company known as Elo Company who’s “The Boy and the World” movie by Alê Abreu successfully snagged a nomination at the Academy Awards in 2016.

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Author: Tolu

Roman Schnider Leaves PwC’s Blockchain Division And Joines Tezos (XTZ) as The New CFO

Roman-Schnider-Leaves-PwCs-Blockchain-Division-And-Joines-Tezos-XTZ-as-The-New-CFO
  • Roman Schnider left PwC and joined Tezos as the new CFO
  • This will help Tezos expand in the crypto market

Roman Schnider, the individual behind the blockchain and cryptocurrency assurance division of PwC in Switzerland is now joining Tezos as the chief financial officer (CFO). The information was released by the company in a recent announcement.

Roman Schnider Joins Tezos as CFO

After working 15 years at PwC, Roman Schnider is now working on Tezos, the blockchain network and cryptocurrency that was audited by PwC. Tezos is a platform that focuses on smart contacts and also on decentralized applications (dApps). The project is also offering a network that is governed by stakeholders.

The Tezos Foundation informed that it is very important for the network’s success to have this CFO and his experience in the matter.

About it, the Tezos Foundation said:

“Roman’s experience makes him the ideal finance and operations specialist for our team. He is already familiar with the opportunities and challenges blockchain projects face and has a deep understanding of the Tezos Foundation from his time at PwC.”

Schnider succeeds Eelco Fiole as the CFO of Tezos. Mr. Schnider said that he is ready to serve and support the Tezos community as a whole in the most efficient way as possible. He has also mentioned that transparency will be important as well.

Just last month, reports said that Tezos was going to be undergoing the first token holder administered update. This was going to take place after proposals were approved in a three-month vote. Moreover, PwC has also emerged as one of the most prominent recruiters for blockchain-related jobs on Indeed. The company surpassed other competitors such as Ernst & Young, Deloitte, and KPMG.

At the time of writing this article, Tezos (XTZ) is the 19th largest virtual currency in the market with a valuation of $840 million. Meanwhile, each XTZ is currently traded around $1.27 according to CoinMarketCap.

[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