John McAfee Summons ‘Anonymous’ Hackers to Combat The Current Crypto Ban In India

John McAfee Summons 'Anonymous' Hackers to Combat The Current Crypto Ban In India
  • John McAfee is requesting hackers to take action and help Indian crypto users
  • India is taking very hard policies related to digital assets

John McAfee, the recognized figure in the crypto market, has sent a few messages regarding the current situation that cryptocurrencies are experiencing in India. Indeed, he called hackers to take action now that Bitcoin is forbidden in the country.

John McAfee Against India’s Bitcoin Policy

On Twitter, McAfee wrote that if there was ever a time for Anonymous to take action, the time is now. He was making reference to the current situation that crypto enthusiasts are experiencing in India in which users of digital assets would have to spend 10 years in jail.

In another tweet, he wrote:

“The was has begun. An entire nation wishing to free itself is now punished for using the instrument of freedom.”

Nonetheless, these two tweets were deleted. The tweets were making reference to a bill that wants to prohibit Bitcoin ownership and trade in the country. India has taken very hard measures against the crypto market and several companies such as exchanges had to leave the country.

Lawmakers in the country are proposing to the government to impose 10 years of prison sentences to people that are related to digital currencies in the country. That includes mining, holding, selling, transferring, disposing of, issuing or dealing with virtual currencies directly or indirectly.

At the same time, Bitcoin investors would have to inform the government they own these digital currencies and they will have 90 days to sell them to the market.

John McAfee is a strong supporter of virtual currencies and blockchain technology. At the moment, he is running for president of the United States proposing to embrace distributed ledger technology (DLT) and cryptocurrencies.

[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

Microsoft Links Up with Truffle to Integrate Blockchain Tools Into Azure for Developers

Microsoft Links Up with Truffle to Integrate Blockchain Tools Into Azure for Developers

Microsoft has made an important announcement today. The company is set to integrate the Truffle toolset on its Azure platform. Truffle is a blockchain startup and Azure is the cloud computing service provided by Microsoft, so they are a clear match.

According to the announcement made by the company, the users of the platform that is focused on helping developers to create and manage apps are able to use the Truffle tools ever since May 2.

Marc Mercuri, the principal program manager at Azure Blockchain Engineering, has affirmed that the company strongly believes in the power of the blockchain technology and that they not only investing because the customers are pressing them or something like that. They really believe in the potential all the potential that can be brought forward by this technology.

Truffle was one of the first projects that was backed by ConsenSys, the famous Ethereum incubator. The company first started to create tools that could be used by developers in order to create blockchain apps in a time in which it was very hard to do it.

The CEO of Truffle, a man named Tim Coulter, has affirmed that they wanted to make their program more accessible to other people, so this is a great part of why they are so focused on this new partnership.

At the moment, Truffle is integrated with AxCore and Quorum, an open source project created by JPMorgan, which has also created JPMCoin, a cryptocurrency-like token that will be used in internal transactions within the company.

The company affirms that its set of development tools have been downloaded over 2.7 million times. Now, by being integrated with Microsoft, the number is bound to increase. Coulter, who has described the partnership as “very exciting”, affirmed that this will open up the company’s services to a lot more people than now.

Truffle has several solutions which are being integrated right now into Microsoft Azure. One of them is the new Microsoft Visual Studio Code, which was created in order to enable smart contract creators to be able to test them before they actually deploy them for the first time, which helps to monitor their efficiency.

More Companies Adopting the Blockchain

Microsoft is far from being the only company to be adopting the blockchain technology. Amazon, with its Amazon Web Services platform, is another company to be making a huge progress in this field. Recently, Amazon Web Services has partnered with Kaleido, another project incubated by ConsenSys, which also offers development tools.

Companies such as Oracle and Salesforce are also creating their blockchain toolsets, so it looks like we’ll have plenty of these companies working in this area in the near future.

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Author: Gabriel M

Crypto Chart Analyst Peter Brandt: You Should Buy Ripple’s XRP and Litecoin (LTC)

Crypto Chart Analyst Peter Brandt: You Should Buy Ripple's XRP and Litecoin (LTC)
  • Litecoin (LTC) and XRP prices will likely go up significantly.
  • This, according to prominent Crypto trader Peter Brandt’s recent analysis which he shared via Twitter.

Many people follow cryptocurrency gurus in order to discover the best investments. They all have their hot takes and sometimes they are actually spot on in what is going to happen in the markets. Peter Brandt is often considered a very prominent crypto guru and he spoke on social media this week predicting the future of two popular crypto assets.

According to the crypto specialist, both Litecoin (LTC) and Ripple’s XRP token are going to get price increases soon.

He has affirmed that Litecoin will grow against Bitcoin soon and that the prices of the XRP tokens are also bound to increase in the next couple of months, reaching a price between $0.5688 and $0.6260 USD.

Litecoin To Go Up In August

While the expert did not talk a lot about XRP, which was only mentioned when he affirmed that prices would go up, he did talk about Litecoin and how the asset is ready for the price increase in August.

Both tokens were trading very well this morning, which is a signal that their price might start to enter full bull run mode soon. Litecoin was up by 9% this year while XRP was up around 5%. These were the two best assets at the time. Both of them remained in the Top 10 list of crypto assets, too, and were the best-performing ones.

Another point that should be taken into account is that Litecoin is going to halve its block rewards in August, which is certainly affecting prices. The halvings happen from time to time and they cut the block rewards by half, meaning that mining will become less profitable as time passes. This generally pushes the price of the tokens upward.

The other halving will be Bitcoin’s, which is set to happen next year and will possibly impact the whole market since the crypto market generally does well when Bitcoin is doing well.

Nobody is really sure how the halving will impact the assets, though. There some strong consensus that they will go up, but how much? Some people say that the asset, which is now trading around $112 USD, can go as high as $1,000.

All of Today’s Litecoin (LTC) Price Analysis, Chart Forecasts and Industry News

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Author: Gabriel M

Binance CFO: Binance Coin (BNB) Is The Optimal Example of How Cryptos Have Transformed Fundraising

Binance-CFO-Binance-Coin-BNB-Is-The-Perfect-Example-of-How-Cryptos-Have-Changed-Fundraising

The Chief Financial Officer (CFO) of Binance, Wei Zhou, has recently participated in the Money 2020 conference. During the event, he outlined for the audience how the tokenization provided by cryptocurrencies was a real gamechanger in how people raise money these days.

According to him, tokenization started to gain traction when Bitcoin was starting to become mainstream some years ago. After that, the Ethereum blockchain started the ERC20 standard and the industry developed from that point.

With Ethereum, the industry was able to develop smart contracts and to move the tokenization forward a lot as many use cases were created then. Right now, the ERC20 standard is still very powerful and it can be considered the most significant standard on the market.

Zhou admitted that the ERC20 tokens allowed people to raise money using the blockchain technology and that they led to the creation of several kinds of tokens, including utility tokens and securities, as well as loyalty tokens and the ones used for payments.

Obviously, he would not lose the chance to talk about his own token, Binance Coin (BNB). According to the CFO, Binance Coin can be used in several use cases and to allow people to raise funds in very interesting manners.

Now, more than ever, he believes that people will have a choice. In the beginning, they only had Ethereum and the ERC20 standard. There was simply not a lot of choice in this matter. Later, however, the market was able to come up with several new initiatives such as BNB.

Zhou affirmed that BNB represents the perfect use case for the technology as it has changed the way that people can fundraise. Initially, BNB was an ERC20 token, but now it has migrated to its own chain, which is faster than the Ethereum one.

This has turned BNB into one of the greatest assets of the market today. The token is up 350% this year and it is currently the seventh largest token by market share. This means that it has been more successful than even Bitcoin, a feat to be proud of.

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Author: Gabriel M

Block.one EOS Social Network ‘Voice’ Endures Costs of $150 Million, Required Over a Year to Complete

Block.one EOS Social Network 'Voice' Endures Costs of $150 Million, Required Over a Year to Complete
  • Block.one spent $150 million in developing the recently released Voice social media network
  • They have also been working one year on it
    Block.one has recently announced a new social network called Voice.

Only Real Users, Not Bots Can Open Accounts on Voice

Mr. Blumer explained that they spent a year working on this social media platform that is called Voice. The product was announced, however, on June 1, 2019. At the moment, there is an available beta for users to sign in and test the network.

Block.one is also the company behind the EOS blockchain and project. As he explained, only real individuals are going to be using the platform rather than bots. In order to do so, users will have to provide information about themselves, including IDs.

Blumer explained that they need to understand with who they are operating and they are taking all the necessary measures for his to happen.

Meanwhile, Dan Larimer, the CTO of Block.one, explained that the coin has the fairest distribution model in the world. The platform is going to be working in a different way than others and it will have a different set of content sharing rules.

Larimer said about the coin:

“The Voice token is not created by buying it or burning electricity. It can only be created by being a real person, producing real content, liked by real people. When you participate, you earn.”

Not The First Blockchain-based Social Media Network

Larimer has also worked in the past on Steemit as the CTO. This is also a blockchain-based social media network that rewards publishers for their posts.

There are also other social media networks working with blockchain technology and virtual currencies. Kik Interactive Inc., for example, decided to launch a digital currency to reward users on its platform. However, the U.S. Securities and Exchange Commission said that the company did not create any real use case for the virtual currency called KIN.

[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

Best Ethereum ERC-20 Based Dapps With Highest Development Work

Best Ethereum ERC-20 Based Dapps With Highest Development Work

Decentralized applications (Dapps) has become a trend in the decentralized space, where various blockchain networks are working to help the developers create software applications which work on the principles of decentralization.

There are numerous protocols using which developers can create their Dapps, but today we will look at some of the best ERC-20 based Dapps which saw a ton of development in the month of May. ERC-20 is one of the most commonly used protocols by developers and Ethereum network is behind the creation of the protocol.

Development activity on any platform suggests that there is continuous progress going on to make the product more refined and efficient for mass use. So, let us dive deep to see what all Dapps saw major developments on their platform.

1. Status

Status is an open-source mobile Dapp browser as well as a messenger and based out on the Ethereum network. The developers behind the project have been focusing on releasing a beta version which includes features like ERC-20 token support, a privacy mode which enables the app to show a blank screen when switching between applications on your mobile device.

Some of the other features which have been recently added include,

  • Private Browsing has been relocated to the browser from the main profile and the user can now access it by a simple two-option setting.
  • A new feature called ‘Fetch more messages’ can retrieve messages from 30 days back, instead of just 24-hours.
  • Added Bug reporting feature for both Android and iOS.
  • Developers have worked hard to bring progress on data sync.

2. Storj

Storj is a decentralized cloud object storage service and has shown tremendous development activity on the platform in the month of May.

The main objective of the developers was to give some final touches to the Dapp in the run-up to the beta launch. Developers also worked on increasing the durability of the stored files as well as performance improvement.

Some of the notable development on the platform includes,

  • Introduction of macaroons in the Uplink using which the users upload their data on the cloud. Macaroons are a decentralized encrypted key sharing system which only provides a read-only option for encrypted files stored on the Storj network.
  • Developers also finished the waitlist invites to the storage node operators which would allow anyone to easily join the Storj network and start earning Storj token by simply sharing one’s extra hardware storage.
  • Developers also continued their progress on various other aspects like garbage collection, audits, and referral program functionalities.

3. Augur

Augur is a decentralized prediction market where users can bet on an event with “Yes” or “No” shares, and if their bought share wins, they receive ether payouts. The Augur network has seen tremendous growth in the month of May where they have primarily focused on eliminating bad players on their platform.

Developers have worked on the redesign of the Reference UI and created an all-new middleware system for v2 contracts. Some of the most noted development work on the network include,

  • A completely new design for showing Market information, Market lists, Market creation, and Reporting.
  • Giving finishing touches to the newly introduced v2 middleware.
  • Introduction of the Augur app for rating good markets from the fraudulent ones.
  • Now the aim is to completely integrate the new v2 middleware with UI codebase

4. Aragon

Aragon is a decentralized management tool which allows the users to manage the decentralized organization as well as create bureaucracy free global communities. The developers behind the network have introduced major updates on various projects running on the platform in the month of May. Some of the major development include,

  • Introduction of ‘The Planning Suite’, which is a project management application. It was launched on the Rinkeby testnet.
  • Now users can access Getting Started documentation in the Aragon Developer Portal.
  • The new Aragon 0.7.2, the addition to the Aragon 0.7 Beta version which brings more usability enhancements like smart contract upgrades, faster organization loading time and an address labeling system as well.
  • Developers also worked on major bug fixes on some of the major projects running on the platform.

5. Gnosis

Gnosis is another decentralized prediction market Dapp platform which has seen some of the major and much-awaited updates on the platform in the month of May. The biggest one being the launch of much-anticipated dxDAO, which is a next-generation decentralized autonomous organization. dxDAO would be responsible for community governance of software protocols.

The developers behind the network have also launched new clients for the Gnosis Safe multisig ERC-20 wallet with UX and design improvements. Developers are also working towards integrating new features for the consumers like availability of non-ether token for both incoming and outgoing transactions.

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Author: Bitcoin Exchange Guide News Team

Monero’s Riccardo Spagni Gets Back at Craig Wright Over Comments on Money Transmitters

Monero’s Riccardo Spagni Gets Back at Craig Wright Over Comments on Money Transmitters

Chief Scientist at nChain, Self-proclaimed Satoshi Nakamoto and a Bitcoin SV proponent, Craig S. Wright, recently released an article in which he questions the security and privacy traits of Monero XMR.

The crypto token which is the 13th largest in the market based on market capitalization is popular for its privacy features as it is constructed on the cryptographic layer system. These cryptographic qualities of the token offer an untraceable exchange of funds and separate characteristics by default.

The article details on how Monero and other mixed coins are engaged in the activity of money transfers and money handling, which according to Craig makes them Money Service Businesses [MSBs] and should therefore follow the corresponding rules. The rules include:

“Complying with the anti-money laundering (AML) program, maintaining records, and issuing against the reporting requirements as defined in their jurisdiction. Compliance would include filing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs). Peer-to-peer exchange is covered under the anti-money laundering (AML) rules. Avoiding the requirements of the Bank Secrecy Act (BSA) in the US is not an option.”

The article also went further to state that:

“every node, software, wallet and person engaged in the transfer of funds – any funds including Bitcoin and cryptocurrencies, was acting as a money transmitter”.

Furthermore, money transmitters and any subsystems are required to adhere with the Bank Secrecy Act [BSA] law, a U.S law requiring financial institutions in the United States to assist government agencies in detecting and averting money laundering.

Riccardo Spagni’s Response

Lead maintainer of Monero and host of Magical Crypto Conference, Riccardo Spagni, also known as Fluffypony, is one of the best-known figures in the crypto community. Riccardo then tweeted a response with an analogy saying

“Parents: are you giving lunch money to your kids? According to Craig Wright you are a money transmitter and will go to prison! Welcome to law. Have a nice life.”

And implying that with Craig’s accusations even the most basic forms of money exchange is illegal and should be prosecutable by law. However, some proponents of BSV weren’t moved by the remark and tweeted in support of the article claiming that Craig S. Wright was simply pointing out the law.

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Author: Damola

Former Strategic Executive at Dell and the NBA Joins Exchange Platform Binance

Former Strategic Executive at Dell and the NBA Joins Exchange Platform Binance
  • Malta-based crypto exchange, Binance hires new chief strategy officer to streamline business operations.
  • Gin Chao previously worked as an executive at leading tech firm Dell and the National Basketball Association.

Cryptocurrency Exchange giant Binance announced on June 5 via a press release that it has recruited a former strategic executive at Dell and the National Basketball Association (NBA), Gin Chao as its new global strategy officer.

The recruitment of the experienced strategist will help the organization maintain its position as one of the leading exchanges in the world.

Developing Global Business Strategy for Binance

Binance’s management stated that Chao will advance the global strategy of the firm, while also developing major strategies that will ensure that the exchange remains the biggest player in the industry.

Chao’s other major responsibilities include finding ways to bridge departments via new hires, while also contributing to the firm’s legal department. As an experienced strategist, his expertise will also be required in discovering virgin lands for Binance’s business partners.

Developing Strategies for Binance Labs, Binance VC Arm

The former Dell strategist will be expected to create and manage strategies for areas and projects within the company, which includes Binance Labs, Binance’s venture capital (VC) arm and its fiat-to crypto gateways.

With the increased competition in the crypto sector, platforms are springing up every day, and the only way for the established ones to survive is to sit tight, which is why analysts are of the opinion that hiring Chao is a great business coup.

Who is Gin Chao?

Gin Chao is a master strategist with a lot of experience under his belt. He holds a bachelor of science degree in Mechanical Engineering from the prestigious Carnegie Melon University before proceeding to the New York Stern School of Business where he earned a Masters in Business Administration.

Notably, Chao shot to prominence while working for Deutsche Bank’s investment banking group, where he raised over $2 billion for the company, spending close to 15 years in the financial sector. He left the United States and move to Asia, where he worked with Dell and the NBA.

His appointment as a chief strategy officer in charge of corporate development and legal department at Binance is stemming from his track record, as being a diligent and upright professional who always gives his best to his employers, irrespective of the role, sector or discipline.

A Global Strategy

Binance is strategically diversifying its operations, so as to meet the demand of its teeming customers. Bitcoinexchangeguide reported in June that the exchange platform’s native BNB token can now be purchased using Visa and MasterCard Based payment options.

The latest development represents a great leap of faith for the crypto world, as it will represent one of the few times that MasterCard will be partnering with any cryptocurrency organization.

Binance further revealed that the new relationship with Visa and MasterCard will is the step in the right direction, especially at a time when the fiat and crypto worlds are at loggerheads.

The giant strides by Binance in 2019 represents a great leap for the crypto industry and a further prove that the industry has come to stay.

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Author: Ogwu E

TrueGoldCoin goes back to the roots of coins with TGC

The versatility of Blockchain plus the real value of gold reserves backing it, results in TGC

Today, we are presenting a project that will have an important impact, the launch of a token linked to gold mining rights. A talented team, with decades of successful entrepreneurial activities and hard work, presents the revolutionary TrueGoldCoin token.

A project based on more than 30 years of experience at the highest level. Innovation in networks and telecommunications, Artificial intelligence, ISP management, design and configuration. The founders of the TrueGoldCoin project offer an unique token, mixing solid commodity mining titles with the versatility of blockchain technology. As you begin to read the whitepaper, you can glimpse the direction of the documents and project. On the home page, we find the following statement:

“Back to the Coin Roots.”
TrueGoldCoin Whitepaper.

It is well known in the industry that state currencies (or commonly referred to as Fiat) historically lose all or almost all of their initial value. In the ’70s a decision changed the rules of the game; the United States decided to unlink the US dollar from the gold standard. Since then, the value of the currency against the precious metal has been eroding.

Governance, decentralization and 1800 hectares for mining

The TrueGoldCoin Token is an ERC standard (in the Ethereum Network) promoted and backed by more than 1,800 hectares of gold mining rights. Titles of more than 1,800 hectares of mining rights make the token attractive to all types of investors. The attraction is patent, both those who seek to speculate in the market, as well as those who wish to acquire positions in the precious metal market and benefit from it’s value gain. TrueGoldCoin issues a special token, backed entirely by proven and probable gold reserves, offering confidence and leaving empty promises for other projects.

Added to the classic governance features offered by tokens in public, decentralized and immutable blockchain networks… is added a clear demonstration of commitment and commitment to stability. Prestigious collaborations with NASA dispel any doubt about the capacity of the TrueGoldCoin team. We find a solid “golden rule” in the founding technical document:

“We will never issue more than 10% of the calculated value of our gold reserves.”
The TrueGoldCoin Team

As far as backup is concerned, it must go through due scrutiny. Obviously the words are windy and in order to be considered a reliable and proven backup, a verification process is completed. To calculate its value, you will find below some reference data extracted from the TGC documentation and/or its white paper.

About the value of the lands behind the TGC token

Gold reaches 100% of its value when deposited in a bank or a certified depository institution as a final refined product. While the deposited gold is valued at 100%, it is valued at an oscillation between 60% and 99% of the value when it has been extracted in the mine and goes through the whole process of transport, smelting, refining, and exporting it. So it is priced at a value of 10% when it has not yet been extracted (as is the case with TGC).

In short, once we understand the process in which the mines are and where the exploitation is, we analyze the initial offer of the supported token.

The Importance of Satisfying Settlement for Token Holders

The balance is crucial, the block chain technology provides global access to the network. However, it could be a problem to liquidate its position if the token fork is too far away from the physical backup. At other times, a gold-backed token could become a headache when it comes to liquidating holdings. In this sense, the TGC team shows the maturity and commitment of veterans in the management of technology, assets and/or properties.

TGC is also backed by real cash. This has surprised us as a detail worth mentioning. We find the following statements from one of the founders Enrique Pallares at icoholder.com:

“True Gold Coin is not just an initial offer (ICO), or an ICO backed on an asset, or a simple AltCoin that was launched to satisfy the moment. NO, TGC is also backed by real cash to make sure that any TGC holder who wants to exchange their tokens for FIAT, the money will be available in the treasury to do so.”

Support offers settlements that can meet supply and demand

Offering this type of dual support, linking hundreds of hectares for mining, and the possibility of liquidating the position in cash… shows a clear concern for the role of the investor. Such initiatives reduce counterparty risk and encourage both supply and demand. A clear example of this is the statement of the experienced CEO E. Pallares:

“Exchanges are available, but in building the ecosystem for TGC payments, we need our tokens to be exchangeable for any currency at any time.”
E. Pallares.

Occasionally, some crypto coins have experienced the so-called “flash crash”. Instants in which the selling power of the market surpasses the demand of the counterparty. These situations lead to instability and distrust in the market so TGC shows a clear commitment to the token in the long term. 

You can follow the TrueGoldCoin project news on Facebook or contact us using the links below:

Web – Truegoldcoin.com

Facebook – facebook.com/TrueGoldCoin

Acquire TGC tokens – https://karsha.biz/token/157

Official e-mails

info@TrueGoldCoin.com

support@TrueGoldCoin.com

investors@TrueGoldCoin.com

Bit Torrent Price Prediction Today: Daily (BTT) Value Forecast – June 6

BitTorrents-New-Product-to-Enable-Faster-Downloads-by-using-BTT-Token-under-Development
  • On May 28, the BTT price reached a high of $0.001800 overhead resistance level.
  • From the Fibonacci tool, the crypto’s price has broken the 0.236 and 0.382 Fib. retracement levels which are the continuation zone for the trend. The coin price has entered the downtrend zones of 0.50 and 0.618 Fib. retracement levels.

BTT/USD Medium-term Trend: Ranging

  • Resistance Levels: $0.001400, $0.001600 $0.001800
  • Support levels: $0.001000, $0.00080000, $0.0006000

Yesterday, June 5, the price of BTT was in a bearish trend. On May 28, the BTT price reached a high of $0.001800 overhead resistance level. On May 29, the bulls were resisted and the BTT market was on a downward correction to the support of the 12-day EMA . The bulls recovered and made an upward move and reached a high of $0.001650.

On June 2, the bulls were resisted again; the coin resumed another downward correction which is yet to be concluded. The bears have broken below the EMAs. Nevertheless, if the price is below the EMAs, there is a likelihood of its continuous fall.

From the Fibonacci tool, the crypto’s price has broken the 0.236 and 0.382 Fib. retracement levels which are continuation zones for the trend. The coin price has entered the downtrend zones of 0.50 and 0.618 Fib. retracement level.

In other words, the current trend has been reversed. The BTT market is likely to reach the low at $0.001000 price level. Meanwhile, the price of BTT is in the oversold region of the daily stochastic but below the 40% range. This indicates that price is in the bearish momentum and a sell signal.

BTT/USD Short-term Trend: Bearish

On the 1-hour chart, the BTT price was in a bearish trend. The 12-day EMA and the 26-day EMA are sloping southward. The crypto’s price is falling and at the same time testing the 12-day EMA to break above the EMAs. On June 3, the bulls break above the EMAs but the price could not be sustained above the EMAs.

The bears took control to sink the cryptocurrency. Meanwhile, the price of BTT is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in the 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.

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Author: Azeez M