Bitcoin/bitcoinnewsboards

Bitcoin Recovers as market hits $7 billion!

The Bitcoin price spiked from $3830 to $4030 by around 5 percent the sudden increase in the price of BTC led to the other major crypto assets to spike in value. Ripple, Bitcoin Cash, Litecoin, EOS and Stellar recorded gains in the range of 3 to 12 percent on the day, demonstrating solid momentum over the last 24 hours. 

With a $7 billion increase in the combined value of cryptocurrencies, the market has initiated a decent short term price movement. But, as the ccryptocurrency trader with an online alias said, the valuation of cryptocurrencies would have to break out of the major resistance levels in the range of $160 billion to $180 billion to call for a convincing short term rally.

For three months, the market has hovered between $100 and $140 billion. As seen in the yearly chart below, short term volatility in a low range doesn’t present a proper accumulation period. Many traders anticipate an increase in market capitalization to $180 billion as a potential catalyst for a mid-term rally. Even a recovery to $200 to $250 billion range could still leave the market vulnerable to a future additional drop in value. There exists several catalysts in the likes of the schedules launch of Bakkt, the US SEC’s decision on the VanEck BTC exchange traded fund (ETF) filing, and the development of Nasdaq’s BTC futures market that may contribute to a potential rally of cryptocurrencies in the 1st quarter of 2019.

However, the probability of the three events materializing within the next two months is slim. Bakkt is already delayed the launch of its futures market. Hester, a pro-crypto commissioner, said the investors should not wait on the approval of the ETF as it could be days or years.

The Estonia based exchange is making headlines as it gears up for its imminent launch on January 7th. Also on day one, the platform plans to offer tokenized stocks backed by real shares of 10 of the biggest companies on the Nasdaq: Apple, Amazon, Facebook, Tesla etc. The digital stocks will be based on the actual shares held by MPS MarketPlace Securities and holders will be entitled to the same cash dividends. Traders will be able to buy and sell the digital stocks 24 hours a day, 7 days a week, sidestepping the traditional open and closed nature of the stock market. The platform will give foreign investors a new way to enter the US market. The exchange will launch will zero trading fees and says 500,000 people have pre-registered to start trading when it goes live.

Summary: Challenges Ahead for crypto!

The market need more than a short-term rebound. While positive it doesn’t have to alter the ongoing trend. Cryptocurrency needs to reach its November levels. That’s $230 billion in valuation and around $6000 for Bitcoin. Until then, it’s a unique challenge to declare a trend reversal or an end to the bear market.

For further information:                                                                                    

  • https://dailyhodl.com/2019/01/06/revealed-bitcoin-ethereum-xrp-litecoin-and-cardano-coming-crypto-and-wall-street-game-changer-dx-exchange/
  • https://www.ccn.com/crypto-market-adds-unconvincingly-adds-7-billion-bitcoin-recovers/
bitcoinnewsboards

Bitcoin Holding Gains, while the market of crypto Slump Again

In the crypto market, Bitcoin is trading up by about 0.1% over the past 24 hours. The Bitcoin cryptocurrency is at the $6,438 price mark at the time of press, following a dip to as low as $6,051 earlier that day. After rising to $8,230 on July 25, 2018. BTC is down 8.5% this week. However, the coin is still up by 1% over the past 30 days despite market of crypto being down.

Ethereum (ETH) after losing the $400 support this Monday has plunged to as low as $306 today. Presently, ETH crypto is now trading at $327, with its price 8% down over the 24-hour period. This crypto coin has experienced the heaviest losses among top ten coins by market cap on that day. Ethereum (ETH) has lost 25% of its value from past 30 days, and more than 50% over the past 3 months.

In top 20 crypto altcoins by market cap, EOS and IOTA altcoins have seen huge losses over the past seven days, according to the local news-paper. During the time of press, EOS was trading at $5.23, having lost around 25% of value over the past few weeks, while IOTA is down by 36% in this week, and hence it was trading at $0.54.

Total market capitalization has dipped to as low as $206 billion today, but the markets have managed to retrace some of those losses, bringing the number to $216 billion as of press time. While the total market cap has fallen very badly and not seen since mid-November last year, the number of all digital currencies has recently surpassed 1,800, according to the report by the local newspaper.

CEO Dan Morehead of Pantera Capital claimed that crypto markets are reflecting some overreaction from the investors. According to Dan Morehead, many of them have mistaken the importance of the recent postponement of the U.S. Securities and Exchange Commission’s (SEC) decision on a Bitcoin exchange-traded fund (ETF) application by companies VanEck and SolidX.

In addition to this he recommended investors to focus on this Intercontinental Exchange’s (ICE) announcement of its own crypto platform.

WBF, Bitcoin news board

Keynote Brings the ​World Blockchain Forum to London

The world’s largest blockchain conference explores the promise of blockchain technology, trends and investments.

Keynote is excited to announce the program agenda for their next endeavour, the world’s largest two-day blockchain coming to London this September. The conference will feature a star-studded lineup of over 100 world class presenters including a special fireside chat with influencers who have been part of some of the largest ICOs to date. The focus is on blockchain technology; specifically investments, successful past and future ICOs within the industry, legal implications and regulations, and how decentralization is disrupting the banking industry.

The World Blockchain Forum serves as a learning guide for, not only the technical tools of investing such as Bitcoin and Ethereum, but also as a stepping stone to wise investing. The conference will showcase the latest innovations in the blockchain industry, and curate conversations between the world’s leading pioneers and experts about the promise and future of blockchain.

Confirmed Speakers Include :

● David Chaum | Rise of Crypto
● Jack Gavigan | Open, Permissionless, Zero Knowledge Cryptography
● Josh Halferty | One Exchange. All of Crypto. Decentralised.
● Vanessa Grellet | Blockchain for Social Impact
● Marjan Delatinne | Ripple Solving Global Payments
● Jo Jo Hubbard | Blockchain & the Energy Transition
● Jason King | Securing the Future of Blockchain
● Sang Lee | The Tokenization of Asset Management
● Jeff Berwick | The Dollar Vigilante
● Veronica McGregor | Regulation Panel

A full list of confirmed speakers and the agenda can be found here.

As part of the World Blockchain Forum London Keynote is thrilled to announce the launch of a new $6 million fund dedicated to supporting diversity and inclusion in the blockchain industry. The Keynote fund will ensure people from all fields are invited to play an active role in the development and evolution of the expanding industry.

Keynote’s founder and CEO, Moe Levin, commented:

“Digital currencies and blockchain, are intended to be democratizing and equalising. Blockchain and cryptocurrency industries are looking to create work opportunities in a number of fields, and it’s really important the industry is representative of the global population. Diversity is the basis for collective achievement, and we therefore need more people to join the blockchain conversation.”

Keynote is committed to providing a platform that will support and showcase diverse projects and innovations, to ensure everyone is given an equal voice and opportunity to participate and succeed.

The $6 million dollar fund will be officially launched at this year’s World Blockchain Forum in London where Keynote will share their vision for the future of the blockchain industry, how diversity and inclusion are vital to its success, and the initiatives they will be driving to support diversity and inclusion in 2018.

The World Blockchain Forum London runs from 3-5 September 2018 and tickets are available at
london.keynote.ae/tickets.

About Keynote
Keynote was launched in 2012 by blockchain strategist Moe Levin. Further information and details about Keynote and the event can be found at: london.keynote.ae

For media inquiries, please contact Amandah Hendricks Chief of Communications, at
amandah@keynote.ae

bitcoinnewsboards

Bitcoin reaches above $8,000 & leads to other cryptocurrency to increase

The value of bitcoin has reached above $8,000 this week for the first time since May, and the chances are they might be in a good fortune and the price of bitcoin will increase as we have seen the cryptocurrency rise in value by more than 30 percent in the space of two weeks.

Ethereum, ripple, EOS and other major cryptocurrencies, have bucked the usual protocol by not mirroring bitcoin’s market movements. The bitcoin cash itself a spinoff of bitcoin – followed suit with a sudden increase of 5 percent within the last 24 hours.

Bitcoin latest price gains mark a month of steady increase, which followed its worst start ever to a year. Its present price is still a long way to reach the mark of $20,000 which we have all seen in the year 2017 and this amid remarkable enthusiasm for the digital currency. Experts and Analysts said the positive news has helped drive bitcoin momentum, which in itself will lead to further good news for the cryptocurrency space.

“This period is an extremely exciting period for cryptocurrency and blockchain technology with increased interest from Tier 1 banks and financial institutions,” David Sapper, COO of Blockbid, told this to a local newspaper.

“As it will take a long time for these companies to implement their cryptocurrency plans, positive news within the cryptocurrency sphere will benefit the market and raise prices as we have seen with Bitcoin in the last seven days. As the market of cryptocurrencies grow and start to take the bigger part of the market in regards to trading, more and more of these financial institutions will be looking to see how they can capitalize on the growing cryptocurrency market.

Some analysts and experts even predicted that the this run of good fortune could take bitcoin all the way back above $10,000.

Matthew Newton an analyst said, “By soaring past those key barriers of resistance, it would seem history is not repeating itself and there’s real strength in the move,” he said this at the trading platform eToro. He also added to that, ” If the price of bitcoin can close above $8,000 today, we could assume that we have a good run towards $10,000.”

 

bitcoinnews

Ripple XRP is not a real cryptocurrency but a Digital fiat – says Expert

Ripple’s (XRP) journey from $3.40. back down to today’s price of $0.49 could soon see it ring-fenced from other competing cryptocurrency, with concern over its centralisation potentially excluding Ripple (XRP) from entry into a price boosting regulatory framework. It was seen in the last week that the rival bitcoin recruited another billionaire believer from the world of mainstream finance after it was revealed that investor Steven Cohen has placed money into a hedge fund focusing on cryptocurrencies and blockchain-based companies.

Cohen Private Ventures has invested their funds in Autonomous Partners, new hedge fund buying up cryptocurrencies and equity in blockchain-related companies as the world of mainstream finance begins the search for the next generation of investments in the digital age.

Ripple (XRP) is one notable absence from the spate of technologies in which Autonomous Partners is interested, raising concern that the XRP tokens will be treated differently when regulations arrive. If they come in the picture, Securities and Exchange Commission (SEC) in the US decides that the tokens are securities they could then be subject to different laws than tokens that are not. From, Autonomous Partners, Arianna Simpson said: “I have a lot of concerns about the level of centralisation, and I have regulatory concerns if what they have issued is a security.”

Elpis Investments, CEO, Anatoly Castella told to a local news-paper that that ripple’s XRP is set to miss out because it is not a Digital Fiat, and not a real cryptocurrency. Mr Castella warns to the investors that XRP falls short of the “purest interpretation of cryptocurrency.”

Mr Castella also said “Ripple (XRP) resembles a fintech platform combining the best elements of fiat money and blockchain cryptocurrency.” It should be considered Digital Fiat, not a cryptocurrency. The potential for missing out on the very regulations that go on to propel rival cryptocurrencies to all new price levels, Mr Castella says that the SEC should consider to create a regulatory framework for digital fiats like ripple and a sustainable ecosystem for the crypto start-ups, presently held in a state of limbo. He also said that “This will also help to ensure that real cryptocurrencies like bitcoin, Ethereum etc will not be damaged and misunderstood by the start-ups adopting the wrong regulatory approach from the outset.”

Ethereum/bitcoinnewsboards

To Launch the Most Complex DApp Ethereum Enters Phase 2

Hundreds to Thousands of Transactions on Regularly

As per the local news report previously it reported that, the open-source developer community of ethereum led by developers like Vitalik Buterin, has been focusing on the major development of layer-two solution Sharding and Plasma, which combined has the potential to increase the Ethereum blockchain network to one million transactions per second.

At a panel discussion in the conference, Joseph Lubin, Co-founder of ethereum said that emphasized that in the near future, this blockchain protocol’s main chain will be utilized as a trust system and layer-two networks will mostly handle the heavy load of processing large amounts of data.

“It is moving into a space where it can serve as the layer one trust system and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that the transaction capacity is doubled this year.”

Solutions like Plasma and Sharding will increase the security of Ethereum’s layer one protocol to securely process information in a highly efficient manner. In this Plasma operates as a multichain protocol with a network of minor blockchains while processing micropayments as a small payment channel. Simultaneously, it is expected that the integration of the two solutions to create a system wherein any decentralized application (dApp) can be deployed and operate without facing scalability issues.

Already many of the crypto and blockchain projects have employed unique off-chain systems to batch payments and only send transactions that absolutely need to be processed on the main chain. 0x, for instance, operates as a base layer for decentralized exchanges and has been processing most of the sell and buy orders on broadcasting batched transactions decentralized exchanges off-chain so that the main chain to reduce the burden on Ethereum.

Decentralized prediction market platform Augur. Joey Krug founder of Augur described as the most complicated decentralized application, has launched on the Ethereum blockchain protocol after years of development. Augur launch on the smart contract protocol of the Ethereum blockchain took longer than any project currently in existence due to the difficulty of its market on a decentralized network that relies on smart contracts to settle the information.

Ditcoin / Bitcoin news board

Africa’s First Privacy Based Cryptocurrency

Since the inception of cryptocurrencies in 2009, the crypto space had grown and experienced a lot of changes with coins like BITCOIN, ETHEREUM and DASH etc. hitting great All-Time Highs (ATH’s). Most of these cryptocurrencies seek to enhance privacy and protect the identity of the owner of each transaction. This was part of the disruption the new peer-to-peer payment system was bringing to the traditional system.

Anonymity of transactions is crucial for users and Bitcoin, the first and leading digital currency affords its users anonymous payments and transactions. However, the underlying blockchain of the digital currency functions as a public ledger, recording all the transactions but retaining that crucial anonymity. But some persons have wondered to what extent it retains its privacy.

Can We Have Some Privacy?

As users of cryptocurrency search for some sort of privacy in their transactions and assets, African cryptocurrency users also seek the same. Most cryptocurrencies that have claimed to be created for the African situation have however been a fallacy. These cryptocurries instead of solving the problem have milked dry the African man who is eager to move out of poverty. This scenario is similar to the one in the Fiat world where every day it is shared in the newspapers and on Tv’s the number of Aids that are sent to Africa yet African is still wallowing in poverty.

Then DITCOIN came into the space not just to solve the privacy problem alone but also to be a peer-to-peer cryptocurrency designed for the African situation and the world beyond.

WHAT IS DITCOIN?

DITCOIN is a coin created on the Monero blockchain. Before we go on let’s get to know what monero blockchain is about, and why monero?

Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, iOS, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.

DitCoin has been described by Pundits and CRYPTO Enthusiasts as being the “first Business-driven CryptoCurrency” that is based on “Asset and Community Building”. It is not like all of the other tokens that are available for purchase these days, due to the simple fact that they come with a 100% guarantee of being untraceable when used in a monetary transaction. Ditcoin can be used globally and comes at an extremely reduced cost of transfer on both the B2B and P2P networks.

What Makes DitCoin Unique?

(i) Uses a Different Functional Approach:
In order to stand out from the hundreds of other currencies that are currently floating around in the crypto market, Ditcoin features the added benefit of being untracable on any network. This ensures security and gives us added peace of mind.

(ii) Driven by Markets:
The final goal of Ditcoin is to penetrate the global market in a way such that it can be used for shopping, making payments and other online/offline transactions.

(iii) Security:
As with all good crypto services, Ditcoin is based on a decentralized network that allows for secure transactions and transfers.

What Is The DitPay Module?

The DitPay module can be envisioned as the world’s first “CryptoCurrency Powered e-commerce & Payment Processor”. It has been designed in a way that it can be expanded and scaled to a global level, thereby making payments using DitCoins seamless.

In addition to this, the module also gives us a platform to change the way e-commerce is done by making everything more transparent and secure. Other aspects of the DitPay module include:

(i) Serves as a Bridge:
In order to promote the integration of the Ditcoin currency with regular e-commerce platforms, the DitPay module comes with features that make integration, and transactions seamless.

(ii) Uses P2P Technology:
Peer-to-peer exchange has made a big comeback after its boom in the early 2000’s. P2P exchanges guarantee fast, secure, flexible deal-making capabilities into the hand of the user.

(iii) Efficient:
As stated earlier, DitCoin has been designed to serve as a secure means of monetary transfer. It is very cost effective and time-saving, and it remains virtually untraceable to any 3rd party viewers.

(iv) External Exchanges:

Ditcoin (DIT) is presently listed on tradesatoshi.com and Coinexmarket.io

Ditcion will also be listed on more exchanges as the time goes by.

*Stay with Ditcoin and Love Ditcoin.*

Website: https://ditcoin.io

GitHub: https://github.com/ditcoin/ditcoin-core

Chain explorer: https://chain.ditcoin.io

Telegram community/support group: https://t.me/ditcoin_support

Telegram Channel: t.me/ditcoin

Youtube: https://youtube.com/ditcoin

Facebook page: https://facebook.com/DitCoin

Bitcointalk: https://bitcointalk.org/index.php?topic=2357482

Internal trading platform: https://ditcoin.trade

Whitepaper: https://ditcoin.io/docs/whitepaper.pdf

Ditcoin supply: ~3.7 Million DIT per Year @15DIT/Block reward

Ditcoin Total supply: 37,000,000.00 DIT

Block reward: 15 DIT/Bloc for 720 blocs generated daily (based on current emission)

Trading symbol: DIT

DITCOIN has been referred to as one of the coins to watch out for in this year, as the coin has moved from 100sats to 7000sats in just the last 2 weeks. Many have called it a shill yet it is to be noted that the coin has a massive projects that it is about to be made known to the public. It is to be noted that DITCOIN is an AFRICAN coin made by Africans to solve the African problem but can be used anywhere in the world.

Fairwin / BitcoinNewsBoards

FairWin – magic games on the Ethereum blockchain

The FairWin team has developed a decentralised gaming platform based on the Ethereum network and original games with bright graphics, interesting plots and nice animation.

Since 2008 the FairWin team has been creating games for online casinos. During this time they have deeply researched online gambling and the main problems of the industry.

Problems of the gambling industry


At the moment there is a serious crisis in the online gambling market because of distrust between players and game organizers. Organizers of online games and sports betting manipulate winnings to maximize their profit. Denials in prizes to winners also take place. The owners of online casinos can cheat players because the game process data is stored on a centralized server and hidden from the players.

The only thing that can change this situation is the blockchain technology. Thanks to it, the developers are now creating decentralized game platforms, providing transparency and fairness to winners. One of such platforms has been developed by the FairWin team.

FairWin solutions

The problem with the blockchain-based casinos is that transactions take a long time. All players know this awful feeling when your favorite game stops at the most interesting moment. FairWin has solved this problem by creating FairChannel. It is a data transmission channel which makes transactions faster.

Unlike the other blockchain platforms every spin and bet on the FairWin platform takes place not on the Ethereum system, but inside the special open data transfer channel – FairChannel. The player conducts only two transactions on the Ethereum blockchain – at the beginning and at the end of the game. All other actions are recorded inside FairChannel.

FairChannel provides the low cost and high transaction speed of every game action on the FairWin game platform.

FairWin game

The FairWin company also creates bright casual games for online casinos. The first slot game of FairWin is about a magic tree. In Scandinavian mythology, Yggdrasil is the Universe Tree. Players, by landing special symbols on the reels, will need to accumulate magic mana and grow the tree. The game prototype will be published on the project’s site. Two more games are under development right now – the “Top Drop” game about Colombian smugglers and the “Back to the 90’s” slot in the style of the 90’s fightings.

FWIN tokens

All bets in the FairWin games will be made only with the FairWin tokens called FWIN. The players will make bets and receive winnings in these tokens. Online casinos and game developers creating games on the FairWin platform will make profit in the FWIN tokens, too.

The FairWin company will start the token sale on the 7th of July, after launching the prototype of Yggdrasil. 1000 FWIN tokens will be sold for 1 USD.

FairWin contacts

Website: fairwin.io

Blog: https://medium.com/@alexstargame

Twitter: https://twitter.com/FairwinGambling
Facebook: https://www.facebook.com/fairwin.gambling/
Instagram: https://www.instagram.com/fairwin_team/
Reddit: https://www.reddit.com/user/fair-win
Telegram: https://t.me/fair_win

GitHub: https://github.com/fairwindev/

bitcoinnewsboards

Ethereum Price Jumps 5% as Cryptocurrency Market Rebounds; Tokens Up Significantly

Ethereum, Bitcoin Cash, Ripple often both major cryptocurrencies and small tokens tend to follow the price movement of bitcoin, and depending on the performance of the dominant cryptocurrency, the vast majority of cryptocurrencies in the market either record gains or losses by large margins.

On June 3, the cryptocurrency market experienced a reverse trend. The price of BTC failed to record a major movement in the $7,700 region, while Ethereum, Bitcoin Cash, and Ripple increased substantially overnight. Tokens including Ontology and Zilliqa have also recorded 12 percent gains, outperforming BTC.

The rally of volatile cryptocurrencies such as Ripple, Bitcoin Cash, Ontology, and Zilliqa demonstrate the willingness of investors to take more risks, despite the ongoing recovery period and high volatility.

Against the US dollar, Ethereum has performed particularly well, initiating its first noteworthy corrective rally for the first time since April 7. Since May 28, the price of Ethereum has increased from $500 to $623, by more than 24 percent.

However, traders are not highly confident in the short-term performance of the market and leading digital currencies including Ethereum and bitcoin due to their low volumes. Currently, Ethereum has the fourth largest daily trading volume behind BTC, Tether, and EOS, at around $1.9 billion. The large trading volume of Tether, a cryptocurrency whose value is hedged to the US dollar, shows that a significant portion of traders are utilizing the currency to hedge the value of other cryptocurrencies, preparing for a potential drop in the short-term.

While Ethereum has increased by a large margin over the past week, its trading volume throughout the past five days is around one third of the daily trading volume of Ethereum on April 7, when it initiated a massive corrective rally from $360 to $800.

Bitcoin’s daily trading volume also remains below the $5 billion mark, which is substantially low given that the volume of BTC was well above $10 billion a few months ago. Considering the minor movement in the price of BTC and the weak volumes of other major cryptocurrencies, it is possible that the cryptocurrency market struggles to maintain momentum in the upcoming days and experience a slight correction