Connect with us

Bitcoin News

Is Ripple (XRP) “Security” Question Out? XRP Cryptocurrency Coin Price is Up 44.7 Percent

Published

on

Is Ripple (XRP) “Security” Question Out? XRP Cryptocurrency Coin Price is Up 44.7 Percent

Is Ripple (XRP) “Security” Question Out? XRP Cryptocurrency Coin Price is Up 44.7 Percent

Today’s Latest Ripple (XRP) News Updates and Analysis

Well, the Ripple community and in particular, the XRP Army are ecstatic. Coinciding with the Stock Market slump, Trump decision to pump up the pressure on China and the rally of Bitcoin and other asset prices, Ripple (XRP) bulls are back. But, this hasn’t been the case in the last six weeks.

Read: Bitcoin Beats S&P 500 by 105% while Ripple’s XRP is Today’s Highest Gainer with IOTA in Tow

For what is clear-even from the charts, is a consolidating, 10 cents ranging asset. Prices were moving within tight ranges that some analysts have been comparing the world’s third valuable asset to a stable coin thanks to its low volatility.

However, volatility is back and behind it a conviction of ramping up as bulls flow back, jerking up prices from Q1 2019 lows of 30 cents. Behind this expansion are theories as traders, analysts and investors try to explain the sudden double digit, 44.7 percent surge.

Also Read: Ripple’s XRP Now Eligible For CoinBase Users In New York to Buy, Sell, Send and Store

Of the many, news of CoinBase Pro allowing trading of the asset in New York is a testament of XRP’s utility. Through tweet, the San Francisco exchange said XRP will be available for trading, three months after listing the asset and later availing it for trading via its retail platform.

The fact that XRP is now available for trading at one of the strictest state in the US is stabilizing. Besides, it could mean the asset, even without the US SEC clarifying, is not a security or an investment asset compliant with stipulations of the Howey Test.

XRP/USD Price Analysis

XRP

XRP

At the time of press, Ripple (XRP) is up 44.7 percent in the last week. Because of yesterday’s surge, the conditions of our previous XRP/USD trade plans are valid and buyers are back in charge. It is not hard to see why.

Apart from the positive reaction of XRP prices from Q1 2019 lows and main support at 30 cents, there is a double bar bull reversal pattern of Apr-25-26, series of higher highs and then yesterday’s take-off that all but cements our position that XRP is bullish but under consolidation.

Although risk-off, aggressive traders can load up on dips, fine-tuning their entries in lower time frames; risk-averse, conservative traders can load up once there is a high-volume break above 43 cents. That would entail a bullish breakout, a break from a half-year consolidation that would trigger participation that may pump prices towards 60 cents or Dec 2018 highs and towards 80 cents or Sep 2018 highs in a retest phase. It will be interesting to see how XRP fares with the recent rise of Bitcoin’s price as well.

<span data-sheets-value="{"1":2,"2":"

Bitcoin’s price is $8,027.20 BTC/USD exchange rate today. The real-time BTC market cap of $142.09 Billion currently ranks #1 with a chart dominance at 57.85%, daily trading volume of $9.72 Billion and live coin value change of BTC 0.18 in the last 24 hours.

Live Bitcoin (BTC) Price:

1 BTC/USD =$8,027.2008 change ~ 0.18%

Coin Market Cap

$142.09 Billion

24 Hour Volume

$9.72 Billion

24 Hour VWAP

$8.01 K

24 Hour Change

$14.4939

var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD");

"}” data-sheets-userformat=”{"2":14849,"3":{"1":0},"12":0,"14":[null,2,0],"15":"Open Sans","16":11}”>XRP’s price is $0.43 XRP/USD exchange rate today. The real-time XRP market cap of $18.26 Billion currently ranks #3 with , daily trading volume of $2.18 Billion and live coin value change of XRP 10.64 in the last 24 hours.

<span data-sheets-value="{"1":2,"2":"

"}” data-sheets-userformat=”{"2":513,"3":{"1":0},"12":0}”>Latest Ripple News and XRP Cryptocurrency Updates

All Charts Courtesy of Trading View—BitFinex

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

Like what you read? Give us one like or share it to your friends
original post…

Altcoin News

Why Litecoin Will Skyrocket 140% in Less Than 3 Months & Hit $220

Published

on

By

By CCN: The Litecoin price has enjoyed a breakneck bull run in 2019, launching the cryptocurrency nearly 200 percent higher in less than six months. But while cautious investors might be tempted to take their profits and run, a crucial upcoming event could send Litecoin another 140% higher over the next three months, enabling LTC to eclipse the $220 mark for the first time in more than a year.

The trigger from this mammoth ascent? Litecoin’s long-awaited “halvening,” which will slash block rewards by 50%, from 25 LTC to 12.5 LTC.

Historically, such halvenings (or “halvings”) have proven to be bullish catalysts for proof-of-work cryptocurrencies. As inflation decreases, investors anticipate a comparable increase in price.

Litecoin Flashes Multiple Bullish Patterns

Litecoin’s halving won’t happen until around August 6, yet the altcoin’s price has already tripled in 2019. Even so, the cryptocurrency’s technical picture suggests the rally still has plenty of momentum.

Currently, it’s struggling to take out resistance at $100, but the bulls appear determined to pierce this level. On the daily chart on Coinbase, you can easily see the formation of an ascending triangle pattern.

litecoin price chart

The Litecoin price is forming an ascending triangle. | Source: TradingView

The triangle is a continuation pattern, which indicates that the market is very likely to resume its uptrend once consolidation is over. As you can see, the diagonal support is still intact.

In addition, the three moving averages are in perfect bullish alignment. The 50-day MA is above the 100-day MA, and the 100-day MA is on top of the 200-day MA. These signals tell us that Litecoin’s uptrend remains healthy.

On top of the ascending triangle, Litecoin is also painting a massive inverse head-and-shoulders pattern on the weekly chart. This pattern has been under construction for almost a year now. That’s a long time to build a base in the cryptocurrency world.

litecoin price weekly chart

The Litecoin price has spent the past year building a massive inverse head-and-shoulders pattern. | Source: TradingView

The neckline of this pattern is $100. This means that fireworks will begin once bulls convincingly take out this level. Using the height of the pattern to estimate a target, a breach of $100 will likely send Litecoin to $175.

LTC price chart

$175 is the easy target price for Litecoin | Source: TradingView

LTC Price Won’t Face True Resistance Until $220

Breakout from this pattern signifies the end of the Litecoin’s long-term downtrend. This will attract breakout traders, trend followers, and others who were staying on the sidelines during this long bear winter.

The bullish momentum generated will make it possible for Litecoin to pierce $175 quickly. That’s because the only strong resistance from the macro perspective above $100 is $220.

LTC price chart

After punching through $100, bulls won’t find much resistance until $220. | Source: TradingView

Of course, we expect Litecoin to spend some time consolidating around $175 before it can ascend to $220. At that point, however, the bullish sentiment is likely to be very strong. This means that buyers are likely to front-run each other just like they are in bitcoin right now.

With the “halvening” just around the corner, bulls should expect Litecoin to trade as high as $220 before August 2019.

Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Announcing CryptoSlate Research, an exclusive newsletter delivering thoroughly researched analysis and crypto market insight

Published

on

Since 2017, CryptoSlate’s mission has been to provide high quality and objective analysis of the blockchain and cryptocurrency market. CryptoSlate has achieved this by becoming a key community resource for important news, comprehensive analysis, and relevant data under one streamlined platform.

Over the past year and a half, CryptoSlate has published over 2,300 news articles and maintained growing databases of 2,100+ cryptocurrencies, 100+ companies, 100+ products, and 26 places. In providing these services, CryptoSlate has built a talented and proficient team of journalists, software developers, and analysts who are constantly acquiring knowledge about the often complex world of crypto.

Announcing CryptoSlate Research, our exclusive newsletter

To take advantage of the expansive CryptoSlate knowledgebase, and as part of our initiative to keep the community enlightened, we are expanding our long-form analysis through CryptoSlate Research—a premium newsletter containing curated, thoroughly researched exclusives and fascinating interviews with industry leaders.

These articles are only available to CryptoSlate Research subscribers and are not published anywhere else. Additionally, subscribers will gain access to our private Slack and be able to engage with CryptoSlate Researchers and vote on and suggest potential research topics.

Learn more or join CryptoSlate Research

Why subscribe to CryptoSlate Research?

Stay up-to-date

Keeping up and staying well-informed about crypto is a challenge. The pace of change and the infinite number of domains involved means there is an overwhelming amount of quantitative and qualitative material to absorb.

CryptoSlate Research makes understanding crypto possible by interpreting emerging software breakthroughs, dissecting new regulations, getting the scoop on worldwide adoption stories, and distilling the most valuable information to keep subscribers abreast.

Fact-based conviction

The discourse around blockchain is brimming with discord and rife with conflicts of interest–making it difficult to obtain reliable, unbiased, and relevant information.

Instead, CryptoSlate leverages data-driven analysis to make intelligent decisions about crypto’s potential and growth. CryptoSlate Research helps to separate fact from FUD using raw blockchain data, the latest academic research, and guidance from experts in the field.

Additionally, CryptoSlate is an independent organization–not owned or invested in by any other entity in the blockchain space. CryptoSlate values editorial independence and always seeks to be completely transparent with our readers.

Informational edge

The cryptocurrency markets are volatile, prone to manipulation, and largely unregulated. Consequently, most investors are at a clear disadvantage.

CryptoSlate Research empowers readers to stay on top. Get the story behind major price movements, take a look at the fundamentals behind major projects, and learn what strategies professional traders are implementing through regular technical analysis.

What motivates us

When CryptoSlate launched in December 2017, the market was rife with scams and flimsy ICOs—and filled with an array of self-proclaimed advisors, hucksters, and charlatans.

Meanwhile, crypto journalism at the time also left a lot to be desired. Many publications were staffed by writers who knew little about crypto and were focused on churning out sensationalist headlines to amass clicks and make money from predatory crypto-advertising.

Moreover, many of these publications did not have the best interest of their readers in mind and were participating in undisclosed pay-to-play publishing schemes and promoting illegitimate projects.

CryptoSlate has never been involved with hidden pay-to-play advertising and has always been committed to the utmost transparency in our reporting.

CryptoSlate was founded by two, Seattle-based, crypto-savvy software professionals who saw the potential of crypto and the necessity for innovation in its corresponding media delivery. Reliable reports with genuine insight into the industry were rare—but CryptoSlate is changing that.

We invite you to join us in our mission and sign-up for CryptoSlate Research.

Our goal is to give you an informational edge at an affordable price. For just over $1 per day, you will have access to all previous and current CryptoSlate Research content and as mentioned, the benefit of interacting directly with our team in our private Slack channel.

To learn more, including sample research articles and background on our researchers, click here.

Filed Under: , Announcement

Nate Whitehill

Nate Whitehill is the co-founder and CEO of CryptoSlate. Nate has a deep interest in how blockchain technologies will transform a multitude of global industries over the next decade.

View author profile

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading

Bitcoin News

Co-Founder Quits Avalon Mining Chip Maker Canaan Over ‘Differences’

Published

on

One of the 3 co-founders of Canaan Creative, maker of the Avalon cryptocurrency mining apparatus, has stepped down from the Chinese corporate’s management.

According to executive trade registration information updated on Jan. 30, Xiangfu Liu will not function a board member on the Hangzhou-based Canaan Creative – a task he had served since 2013.

Further, an individual accustomed to the placement mentioned Liu had left his day by day control position on the producer and his government board member place at its preserving corporate, Canaan Inc., which unsuccessfully sought an initial public offering (IPO) in Hong Kong remaining 12 months.

Canaan Creative didn’t reply to requests for remark. But the individual as regards to the corporate instructed CoinDesk that Liu left his position because of disagreements with the corporate’s general technique.

Specifically, Canaan Creative’s control sought after to proceed development the corporate as a pure-play producer of chips for crypto mining and synthetic intelligence. Unlike rival producer Bitmain, Canaan does now not mine crypto itself or run mining swimming pools, and the management sought after to stay it that means, in an effort to justify the corporate’s sustainability for an IPO, the supply mentioned.

However, Liu, who has a background in pc science, believes {hardware} and tool must now not be separated completely within the blockchain business, which means firms that make mining apparatus must now not minimize themselves off from mining farms and pool companies, the supply mentioned.

Major shareholder

Nevertheless, Liu, 35, stays a considerable shareholder of Canaan Creative. According to the now-lapsed Hong Kong IPO prospectus, Liu co-founded the company with Nangeng Zhang and Jiaxuan Li in 2013.

While Zhang serves as Canaan’s leader government officer, Liu used to be basically in control of the company’s out of the country trade technique and advertising and marketing, and he owns about 17.6 p.c of Canaan’s overall stocks. In overall, the 3 co-founders regulate over 50 p.c of the company.

Liu’s departure from the board additionally comes amid contemporary layoffs at Canaan, the supply mentioned, declining to reveal their scale.

But Canaan is a ways from on my own in lowering workforce, as different mining giants like Bitmain have additionally gone through layoffs in addition to administrative center closures, partially because of the total bearish marketplace stipulations in 2018.

The information additionally comes weeks after a media report that Canaan Creative is now mulling an software to move public in New York after its preliminary IPO plan failed because of the hesitation of the Hong Kong Stock Exchange.

Canaan Creative symbol from CoinDesk’s archives.

Like what you learn? Give us one like or percentage it for your pals
original post…

Continue Reading

Bitcoin News

Newsflash: Why This Virginia Police Department’s Pension Just Invested in a $40 Million Crypto Fund

Published

on

Frequent Bitcoin commentator and t-shirt salesman Anthony Pompliano instructed Bloomberg this morning that two Fairfax County, Virginia pension finances have long past in on Morgan Creek Digital’s new fund for cryptocurrency corporations. The finances constitute $1.2 billion in property for the pensions of police and different public employees within the county.

$25 Million Fund Oversubscribed to $40 Million

The $40 million fund initially handiest sought $25 million. A small portion of its funding might be in liquid blue chip cryptos like Bitcoin and Ethereum. Investment in cryptocurrency corporations would be the majority of the fund’s paintings, alternatively. Coinbase and Bakkt have already been named as goals for funding.

Public pension finances affect almost 20 million Americans. Nearly 4,000 exist. If the experiment in Fairfax County is going neatly, and police have an much more relaxed retirement in consequence, will others apply swimsuit?

Bloomberg reports that “an insurance company, a university endowment and a private foundation” could also be throwing in with the fund. It has already bought equity in Bakkt, the Starbucks/NYSE crypto alternate which can most probably release America’s first Bitcoin ETF (ultimately).

Everything might be tokenized at some point, Morgan Creek satisfied asset managers. Whatever the crypto markets had been doing, blockchain as an trade has been attracting lots of the brightest minds in Silicon Valley for years. Fairfax County’s police fund leader funding officer Katherine Molnar told Forbes:

“Blockchain technology is being applied in unique and compelling ways across multiple industries. We feel it is important to be opportunistic and are excited to participate in this emerging opportunity.”

Meanwhile, Pompliano instructed Bloomberg:

“The smart money is not distracted by price but looks at the long-term trends, and believes they’re betting on innovation as a great way to deliver risk-mitigated returns.”

Coinbase and Bakkt: First Choices for Morgan Creek

To safely arrange the cash, Morgan Creek wishes to concentrate on corporations indirectly hooked up to the price of Bitcoin. Companies centered at the innovation of the blockchain itself, exchanges that benefit whether or not the associated fee is up or down, and corporations having a look to make use of the generation for public hobby tasks. In addition to Bakkt, the fund is creating a play in Coinbase, the king of retail crypto gross sales.

The outspoken Bitcoin bull Pompliano may simply make investments the cash in Bitcoin at those bargain costs if it have been as much as him, alternatively. He spends a substantial amount of time on Twitter telling other folks to prevent ready round.

Pompliano not too long ago made headlines when his podcast “Off the Chain” was once banned by Apple without warning. Morgan Creek Digital’s $1 million bet against the inventory marketplace as of but has no takers, indicating that whilst some other folks discuss strongly towards cryptos, most of the people aren’t certain sufficient to place their cash the place their mouth is.

<![CDATA[

]]>

Like what you learn? Give us one like or percentage it for your buddies
original post…

Continue Reading

Bitcoin News

Take Two: Ethereum Is Getting Ready for the Constantinople Hard Fork Redo

Published

on

If to start with you don’t be triumphant, take a look at take a look at once more.

Such are the phrases of knowledge which were taken to center by way of ethereum core builders ever since a vulnerability within the community’s code was discovered simply 48 hours ahead of the code used to be set to be deployed.

The community improve dubbed Constantinople would have presented a chain of backward-incompatible adjustments – often referred to as a troublesome fork – to the arena’s 2nd biggest cryptocurrency by way of marketplace capitalization. Yet the worm came upon resulted in a extend, adopted by way of a plan to try once again in past due February.

With the code anticipated to turn on someday throughout the remaining week of February – in particular, at block quantity 7,280,000 – ethereum core builders are assured that Constantinople received’t fail this time round.

“I suspect it will go as planned. The block number has been set and [the upgrade] is hard coded in the clients now so it’s going along fine,” Hudson Jameson, who handles developer family members for the Ethereum Foundation, advised CoinDesk.

Adding that “valuable lessons” are discovered from each arduous fork, Jameson stated that one of the vital essential takeaways from remaining January’s arduous fork try used to be “better communication with miners to let them know about the upgrade.”

While the problem within the code wouldn’t have impacted miners without delay, miners and different customers who run whole copies of the ethereum blockchain known as nodes had to be impulsively notified concerning the cancellation of Constantinople to stay it from in fact being deployed and developing imaginable disruptions.

On this entrance, the sensible contract safety audit company ChainSecurity, which came upon the vulnerability, advised CoinDesk the group of ethereum builders used to be already rather spectacular.

“I was just impressed by how quickly everyone reacted and how well organized everyone reacted,” stated CTO Hubert Ritzdorf. “Many people had to update so they had to know what to update to. On many different levels it became clear even though there is no central command, the [ethereum] community collaborates very efficiently.”

Called Ethereum Improvement Proposals (EIPs), 4 out of 5 EIPs will in fact be activated at the major community, or mainnet. And for all technical functions, the improve might be deployed in two portions – concurrently.

Say hi to ‘Petersberg’

Developers proposed throughout a gathering late January to desk the EIP briefly and continue with the remainder of Constantinople as deliberate, figuring out {that a} repair to the buggy EIP – EIP 1283 – would extend activation of ethereum’s deliberate arduous fork for too lengthy.

However, for the reason that a number of check networks on ethereum together with Ropsten already activated Constantinople in its complete glory ahead of the protection vulnerability used to be discovered, ethereum core builders additionally agreed {that a} 2nd arduous fork safely eliminating the EIP used to be wanted.

Thus, “Petersberg” used to be born.

Already released on Ropsten, Petersberg is the casual title of the arduous fork in particular designed to take away EIP 1283 from a are living ethereum-like community. Later this month, the unique Constantinople code might be activated on mainnet at the side of Petersberg.

“For all practical means for any developer out there on the mainnet, there will not have been Constantinople really, just Petersberg … Technically in the code, you have two conditions,” ChainSecurity COO Matthias Egli defined. “One says Constantinople gets active at block number [7,280,000] and at the same block number Petersberg gets activated, which takes precedence over Constantinople and immediate supersedes it.”

And relating to what’s left to be executed for Petersberg release on mainnet, Jameson stated that the entire trying out for its unlock has been finished and main tool shoppers together with Geth and Parity are able to deploy at the agreed-upon block quantity.

Now, as emphasised by way of ethereum safety lead Martin Holst Swende, customers of ethereum will have to pay attention to essential adjustments to the ethereum community on account of Constantinople plus Petersberg.

The new ‘corner case’

Tweeting out a questionnaire for customers remaining Thursday, Swende famous that once Constantinople, sensible contracts on ethereum regarded as to be nearly immutable will be capable of exchange code underneath positive prerequisites over the process more than one transactions.

The new characteristic presented thru EIP 1014 – known as “Skinny CREATE2” – is meant to higher facilitate off-chain transactions on ethereum by way of permitting what Ritzdorf describes as “deterministic deployment.”

“When you deploy a new smart contract on ethereum, what happens is that it computes the address to where the contract will be deployed. You know this ahead of time but it depends on a lot of variables,” Ritzdorf advised CoinDesk. “CREATE2 makes it easier to say, ‘We will deploy in the future a contract to this particular address.”

As a results of this, Ritzdorf explains sensible contract builders may just technically deploy contracts for “the second time” to the similar cope with, noting:

“[After Constantinople] you can change code because you can first deploy to that address, destruct the code and then deploy again.”

Egli highlighted that that is “not a security bug” however reasonably “a corner case” that builders on ethereum will have to be cautious of as soon as the adjustments are going are living. He added that persisted schooling from auditors upfront of February’s arduous fork is wanted concerning the different 4 EIPs at the beginning set for inclusion in Constantinople out of doors of EIP 1283.

Users expecting the release of Constantinople can both move to forkmon.ethdevops.io or Ethernodes to observe the discharge in actual time. A lot of other sites also are to be had for are living metrics together with mining hashrate and marketplace costs.

According to 1 arduous fork countdown timer created by way of Afri Schoedon, unlock supervisor for the Parity Ethereum consumer, Constantinople plus Petersberg is estimated as of press time to head live to tell the tale Thursday, February 28.

Cinema clapper image by way of Shutterstock

Like what you learn? Give us one like or percentage it for your pals
original post…

Continue Reading
Advertisement

Recent Posts

Copyright © 2019 The Crypto Report