Zcoin Launches Lelantus Testnet, Leveraging Burn-and-Redeem Model for Enhanced Privacy

Zcoin, the privacy-focused crypto project, has launched Lelantus testnet as it looks to increase the anonymity features within its ecosystem. The testnet launched on October 20 leverages a burn-and-redeem approach to provide higher privacy for its blockchain transactions, coupled with short confirmation times.

This newly adopted model by Zcoin is an alternative to other decoys ‘anonymity functions’ that distort transaction trails. As for the Zcoin Lelantus testnet, users will be able to destroy an arbitrary amount of coins and later redeem new ones from the pool, eliminating the associated transactional history. Reuben Yap, the Zcoin project steward, told Coindesk in an email that,

“At any time in the future, you can submit a cryptographic proof that proves you destroyed/burnt coins without revealing which coin it was … This proof, once accepted, will allow you to redeem coins that do not have any previous transaction history or linkages.”

Lelantus testnet has done away with Zcoin’s initial model where users had to redeem the full amount of the coins burned; instead, they can now redeem partial amounts. Yap gave an example of a user who opts to burn $100; previously, they would have to redeem $100, but they can now take out a smaller amount with no trace it came from the $100.

This testnet also operates in a trustless manner based on the decisional Diffie–Hellman (DDH) assumptions. It means that the Zcoin privacy network will not require a trusted setup, as is the case in most cryptographic innovations. According to Yap, this quite a cutting-edge in preventing coin inflation,

“A compromised trusted setup in zero-knowledge proofs allows someone to forge the proofs, meaning that coins can be created out of thin air leading to hyperinflation … In privacy coins where amounts are obscured, such inflation can also remain undetected.”

With the Lelantus testnet scheduled to last for about one month, Yap hinted that 2.0 is already in progress. This version will offer more advanced features, such as allocating the rights to redeem burnt coins to another party.

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Author: Edwin Munyui

TRON (TRX) Price Analysis (May 16)

• Tron looks bullish both in the medium-term outlook and in the short-term outlook.
• Buyers may put in their aggressive orders.

TRX/USD Medium-term Trend: Bullish

Key levels

• Resistance levels : $0.025, $0.030, $0.035
• Support levels: $0.007, $0.006, $0.005


The sustained bearish pressure pushed the cryptocurrency down during yesterday’s session to $ 0.014 in the support area during yesterday’s session.

The bulls brief return and push the price up at $0.015 in the resistance area as the daily session opens today.

The price which is up at $0.015 in the resistance area revolving around the two EMAs suggests the bulls are gradually returning to the market.

The stochastic signal pointing down at around level 55% in the overbought region indicates there may be a change in momentum in price of Tron in the future in the medium-term and in this case, a downward trend.

TRX/USD Short-term Trend: Bullish


The cryptocurrency is in the bullish trend in its short-term outlook. The formation of a bullish candle with a wick at $0.014 in the resistance area as the 4-hourly session opens today affirms the bullish presence in the market.
The price of Tron is now up at $0.015 in the resistance area. Price is below the two EMAs with the formation of a pin bar indicates there is likely to be a reversal in the trend.
The stochastic oscillator signals up at 46% imply buyers are beginning to take over the market and may likely continue in the same direction in the nearby days in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Ethereum (ETH) Price Analysis (April 22)

• The cryptocurrency is now showing a few bullish sign above the support level.
• Ethereum looks tasty for bulls in the short-term.

ETH/USD Medium-term Trend: Bullish

• Resistance levels : $240, $250, $260
• Support levels: $85, $75, $65


ETHUSD looks bullish in its medium-term perspective. The formation of the doji candle at $170.51 in the resistance area during yesterday’s session returns the bulls within the range.
Today’s daily candle opens on a bullish note at $170.79 in the resistance area.

Price is initially up at $184.24 in the resistance above $89.66 support level.

Ethereum now trades above the two EMAs at the time of writing this article which indicates that price is in an uptrend.

However, the stochastic signal pointing down at around level 66% in the overbought region suggests that the momentum in the price of Ethereum is in a downtrend and may likely continue in the same direction in the days ahead in the medium-term.

ETH/USD Short-term Trend: Bullish


The coin is in a bullish trend zone in its short-term outlook. A bullish spinning top hammer at 170.79 opens today’s 4-hourly candle in the resistance area.

With the price initially up at $183.40 well above the two EMAs and the stochastic signal up at around level 74% in the overbought region, suggests an upward momentum in price of the coin in the short-term perspective.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Circle To Boost Adoption of USD Coin (USDC) With Business Accounts and API Services

As Circle looks to dive deeper into making its stablecoin (USDC) a household name, it is continuing to spin-off acquired projects that aren’t a core business. Next up on the chopping block is the crowdfunding platform SeedInvest that it bought back in October of 2018.

Circle has the intention to remain focused on the development of stablecoin products, announced Jeremy Allaire, Circle’s CEO and one of the firm’s co-founders. Included in this process, the company will roll out new Business Accounts and Circle APIs, that will allow developers to build on top of the USDC network.

Circle Has Many Revenue Streams

While Circle has many revenue streams, it’s still trying to grow its development and research wings, on which it has focused on ever since the summer of 2019, when it started to offer USDC products

Over the last year, Circle sold the crypto exchange Poloniex that it has bought in 2018, closed its payments app Circle Pay, also sold Circle Invest and Circle Trade to Voyager and respectively Kraken, not to mention is at the moment considering to sell SeedInvest too.

SeedInvest, No Longer at the Core of Circle’s Business

According to Allaire, SeedInvest is no longer at the core of the business conducted at Circle. The CEO’s said,

“We exited the exchange business … so the need for that set of licensing just doesn’t exist anymore. The second thing is this whole kind of tokenization, having regulated broker-dealers and tokenized securities, that’s been slow-rolled.”

Ever since January, the company has also reduced its number of employees from 300 to 125 as a result of its many departments being sold. Regarding this, Allaire had to say that:

“We had about 100 people who went with these different spinouts … [it was] a natural way for people to go with those businesses and product lines.”

What’s Next for Circle?

Speaking to Coindesk, Allaire said his company is planning to announce additional stablecoin products.

“We’ve been executing like crazy on USDC,” he said. “We’ve tokenized over $1.6 billion in USDC, crossed the $500 million market cap recently.”

These products will firstly include new business accounts that Circle is planning to offer to startups the new products for free and then transition to a usage-based subscription afterward.

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Author: Oana Ularu

TRON (TRX) Price Analysis (February 29)

• Tron remains in a bear market, looks tasty for bears.
• Bulls losing momentum, could Tron slides to $0.01 from here?.
• Tron is close to support/resistance zone

TRX/USD Medium-term Trend: Bearish

• Resistance levels : $0.022, $0.024, $0.026
• Support levels: $0.014, $0.012, $0.010

The cryptocurrency is in a bearish market in its medium-term outlook. The market is falling hard as Tron slopes below $0.02 leading to a market-wide sell-off.

The cryptocurrency is in a descending channel with the formation of a bearish candle at $0.017 in the lower line of the channel in the support area as the session opens today.

TRXUSD is initially down at $0.016 in the support area below the two EMAs as the journey down to the lower line of the channel has already begun.

The stochastic oscillator signal pointing up at around level 12 % in the oversold region indicates the momentum in price of Tron might encounter a change in the future in the medium-term.

TRX/USD Short-term Trend: Bearish


The trend is falling and the price has not yet reached its goal in a strong support level of $0.012.

Today’s 4-hour bearish opening candle at $0.017 in the lower channel of the support area sustains the downward momentum with TRXUSD down to $0.016 in the support area.

With price below the two EMAs and the stochastic oscillator signal pointing down at 62% in the oversold region, it suggests that the downward momentum within the range in the short-term.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

TRON (TRX) Price Analysis (February 23)

• The trend of the coin looks bullish in its medium-term while the short-term outlook is in a range-bound.
• Patience is required at this moment.

TRX/USD Medium-term Trend: Bullish

• Resistance levels : $0.027, $0.028, $0.029
• Support levels: $0.016, $0.014, $0.012

Tron is in a bullish trend market in its medium-term outlook. The bears’ pressure is sustain as it continues to push the price of TRXUSD further down to $0.019 below the two EMA-9 in the support area during yesterday’s session.

However, the formation of the doji candle at $0.019 at the close of yesterday’s session signals a trend reversal. Hence bulls’ brief return.

Price is back within the range with a push to $0.020 by the bulls in the resistance area as the market opens today on the daily candle.

Price of Tron is initially up at $0.020 in the resistance area within the range..

With the price of TRXUSD above the EMA-50 and the stochastic signal pointing up at around level, 16% in the oversold region suggests that the momentum in the price of the coin is in an uptrend in the medium-term within its range.

TRX/USD Short-term Trend: Ranging


The coin is in consolidation in its short-term perspective. Today’s 4-hour opening candle at $0.0201 in the resistance area is bullish as the bulls remain dominant in the market.

TRXUSD moves up to $0.0208 in the resistance area. Price of Tron is initially up at $0.0208 and revolves around the two EMAs an indication of an undefined trend.

However, the signal of the stochastic oscillator points upwards at level 75% in the overbought region an indication of upward momentum within the range and a possibility of a change in trend of the coin in the days ahead in the short-term.

TRXUSD is ranging and trading between $0.019 in the resistance area and at $0.01 in the support area of the range. Patience coupled with a retest is needed before a position is taken.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (bitcoinexchangeguide.com) holds any responsibility for your financial loss.

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Author: Ben Jordan

Intelligence Community Is Prepping For Black Swan Events That May Crush The US Dollar

It looks like the US Office of the Director of National Intelligence (ODNI) is looking to sponsor a researcher who can conduct a study on what would happen if the dollar would no longer be a global reserve currency.

The agency posted at the end of last year a job listing with the deadline on February 28, listing in which it’s saying that it’s looking for people with a background in economics. It also mentions the research is the first one of its kind for the intelligence’s post-doc program and that it’s meant to help with preparation for a black swan eventuality in which the US dollar would no longer be globally dominant.

The Research to Be Shared with the Intelligence Community

The study would fall under the National Counterproliferation Center’s purview. The National Counterproliferation Center is functioning under the ODNI and tries to combat weapons of mass destruction from being proliferated, mostly by stopping terrorist financing. The results of the research will be shared with the intelligence community.

While not attributed to any event or trend, the job listing does say it’s looking for cryptocurrency enthusiasts because there is the eventuality in which a digital currency undermines the US dollar, for example the digital yuan scheduled to be issued by China. This is exactly what the listing reads:

“If either of these scenarios or others come to pass, the U.S. would lose both its status in the world and its global authorities.”

A Researcher with Black Swan Events Knowledge

The researcher who will be involved in the post-doc program will receive sponsorship from ODNI, access to IT and advanced computing, plus funding. His or her work would be checked by the agency periodically in order to be understood. The researcher would collaborate with ODNI experts and other governmental entities.

The agency wants someone who knows how to work with statistics, artificial intelligence and who has knowledge about black swan events that happened throughout history, all while thinking all sort of scenarios of such events happening in the future.

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Author: Oana Ularu

Bakkt’s Consumer App Development To Get A Boost With ICE’s Acquisition Of Bridge2

It looks like Bakkt is becoming bigger and bigger, as its parent firm International Exchange (ICE) announced on Wednesday that it agreed to acquire the consumer and merchants’ loyalty solutions provider Bridge2 Solutions.

Bakkt will use the funds that it’s continuing to obtain from the Series B fundraising round for acquiring Bridge2 and implementing its tools into its own consumer app. This is what Mike Blandina, the CEO of Bakkt, wrote in a statement about the matter:

“With the launch of the Bakkt app, we will, for the first time, offer consumers a robust platform to consolidate and use all of their digital assets, from crypto to loyalty points to in game tokens, in one user-friendly wallet.”

Bakkt Will Launch New Products

Blandina added that Bakkt is going to take advantage of the relationships Bridge2 has developed with merchants and banks, also of its Loyalty Pay solution, in order to launch its new products.

The company revealed that it has the intention to create a mobile app for consumers back in October 2019. Blandina was at that time a chief product officer. This is what he wrote in a blog post regarding Bakkt’s plans after revealing its intentions:

“[Bakkt] will make it easy for consumers to discover and unlock the value of digital assets. Merchants gain access to a broader set of customers with expanded spending power.”

The App Will Support Many Assets and Other Virtual Forms of Value

The app won’t support just Bitcoin (BTC), even if a list with the supported assets and other virtual forms of value hasn’t yet been made public. Its launch date is scheduled for the first half of this year. In 2019, Bakkt launched as a BTC warehouse focused on institutional investors and that offers options and futures contracts in collaboration with ICE.

Bakkt’s former CEO, Kelly Loeffler, has been appointed by Georgia Governor Brian Kemp to the US Senate, so Blandina and the COO Adam White have taken the presidential roles in the company.

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Author: Oana Ularu

Brooklyn Nets Star Spencer Dinwiddie To Tokenize His NBA Contract On Monday

It looks like Brooklyn Nets’ guard Spencer Dinwiddie’s contract will be tokenized after all, even if the NBA pushed back the player’s plan to come up with a tokenization platform especially developed for entertainers.

The Athletic reported Dinwiddie is going to issue shares from his contract starting on January 13. The decision comes a few months after his plan to create a tokenization platform that issues debt instruments according to future earnings for entertainers, was rejected by the NBA.

Dinwiddie Announced the Tokenization Last Year

In 2019, Dinwiddie announced he wants to tokenize his $34.5 million contract of 3 years in order to raise the sum of $13.5 million in year one. The objective was to raise an upfront lump sum of his contract’s value to give token holders payouts throughout the entire season.

Dinwiddie’s Plan Barred

In September 2019, it was said by the basketball league that Dinwiddie’s tokenization plan is barred, as the NBA players’ collective bargaining agreement doesn’t allow it to take effect. Forbes reported the contention point was the eventuality of Dinwiddie executing an option in year 3 of the contract, if he promised investors major dividends for signing a contract that pays more. Dinwiddie said this clause being removed and a flat bond being offered instead would help him go on with his plan, meaning accredited investors are going to be offered the option to buy tokens for a $150,000 minimum buy-in fee, which will make his contract more valuable to begin with.

Paxos to Provide Payout and Escrow Services for Dinwiddie

Dinwiddie decided to go with Paxos Trust Company for the escrow and payout services, with the PAX stablecoin to be used. Even though Dinwiddie’s spokespeople, Paxos or the NBA hasn’t made any comments on the matter, Dinwiddie tweeted on Friday that the launch of the Spencer Dinwiddie bond will take place on January 13. As reported by Athletic, the NBA is looking over his plan, so Dinwiddie may not actually be given the green light for going live on Monday, as he wants to.

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Author: Oana Ularu

Bitcoin Price Drops 5% to $8,360, Altcoins Turn Even Deeper Red

  • Every time frame under monthly looks ugly for Bitcoin
  • Bitcoin needs to see a green wick
  • Bitcoin price takes a drop.

Today, the leading cryptocurrency dropped almost 5% as it went from $8,800 to as low as $8,363 on Bitstamp.

At the time of writing, BTC has been trading at $8,747, as per Coincodex while managing the daily trading volume of $335.5 million.

Every Time Frame Under Monthly Looks Ugly

Bitcoin might have hit $8,350 but this move has been expected for a few weeks now, ever since Bitcoin shot up 42% in late Oct.

Today bitcoin bounced off $8,370s, an area that acted as resistance during the previous range. According to trader Josh Rager, this area needs to hold.

If BTC makes a weekly close below $8,235, Rager says it would “lead to more downside.”

“Currently, every time frame under monthly looks ugly,” he added.

Similar sentiments are shared by analyst Don Alt who says we just need to “wick back up” now, for things to turn good. But if it doesn’t and we start closing below, “8.2-8.3k bias has to flip bearish.”

Analyst Galaxy is seeing a drop below $8,200 but according to him, it won’t be coming before Bitcoin makes a few fakeouts.

The analyst sees Bitcoin surging yet again to above $9,200 that will turn everyone bullish but only to make a U-turn and go below $8k. But it won’t be until another pump that Bitcoin will drop to under $8,200.

This is where he sees the Crypto Twitter going back to making $2k calls but Bitcoin will yet again make a flip and shoot up.

However, as we reported, November has been historically a bullish month for Bitcoin. Also, the SFOX Multi-Factor Market Index has turned “mildly bullish” as of Nov. 11, which was set at neutral a month ago.

Altcoins Fall Harder but Verge & Decred Emerge as Winners

Meanwhile, altcoins are falling even harder. All the positive movements seen in the past few days have turned negative as top altcoins lose between 2 to 5%.

Today’s biggest losers are Augur (7.24%), Maker (7.06%), Qtum (5.87%), Ontology (5.63%), NEO (4.89%), Bitcoin Cash (4.48%), and BNB (4.60%).

However, a few digital assets are enjoying the gains as well.

Verge is today’s winner with 22.94% gains which is driven by PayPal pulling out of PornHub which has the popular adult site looking for new options. Crypto market is seeing this as an adoption opportunity and XVG is already one of the three cryptos accepted at PornHub.

Decred (11.40%), Ziliqa (10%), Horizen ((5.65%), Enjin Coin (5%) are also registering decent gains amidst the red market. NEM, IOST, Waves, PundiX, and Cardano are also in green but less than 3%.

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Author: AnTy