Monthly Archive: September 2018

Bitcoin Cash Mining: Is It Actually Profitable? 0

Bitcoin Cash Mining: Is It Actually Profitable?

If you’re a supporter of Bitcoin Cash (BCH), there is an easy way to support its ecosystem and make a profit at the same time, and that is Bitcoin Cash mining.

As you probably know, mining is a complex process of solving difficult mathematical equations for the purpose of validating transactions. This is what makes mining the most important aspect of every crypto, while the miners themselves are invaluable members of that coin’s community. Not only do they make transactions possible, but they also increase the coin’s circulating supply.

Is Bitcoin Cash mining profitable?

One thing that should be clear to each and every would-be miner is that crypto mining today is not what it once was. When cryptos first appeared, mining was a fast and easy way to get to new coins. However, back then, cryptos were usually not that valuable. Of course, the times changed, and their value skyrocketed over the years.

However, this also affected the mining process, and today, mining requires a lot of resources, expensive equipment, and more often than not — joining the mining pool.

While it is still possible to make a profit through the mining process, every future miner should try and calculate how much they can earn, and if the profit can cover the expenses. The problem with mining is that it can be profitable, which is why a lot of large corporations, and even some governments, entered the mining industry.

Because of this, individual mining can often be quite difficult to achieve, and for some cryptos like Bitcoin, it may be next to impossible.

Is Bitcoin Cash mining more profitable than Bitcoin mining?

While BCH mining is quite similar to BTC mining, there are still some key differences that every miner should be aware of. For example, the limit of a BCH block is 8MB, while BTC block can only grow to be 1MB. While BCH blocks are bigger, this also means that they require more computing power to mine them. This also means that more power is required, which will make the bills that much larger. However, larger blocks also mean larger rewards for the miners after each block is successfully mined.

Now, since both of these coins are based on the same blockchain, the current mining reward is also the same — 12.5 coins. However, the biggest difference lies in the price of these two coins. At the time of writing, Bitcoin is valued at $6,651.20 per coin, while the price of Bitcoin Cash is only $537.84 per coin.

Due to such a dramatic difference, Bitcoin Cash mining can only work if the complexity of the block is lower than that of Bitcoin blocks.

In the end, a lot of miners have found that mining BCH is less profitable than mining BTC. Some have even experienced losses at some point. However, the interesting thing is that they continued mining, despite the current losses. This can only mean that their faith in BCH was high enough for them to continue, and a lot of them have decided to hold on to their coins and wait for the price to increase.

Conclusion

The conclusion here is that BCH mining can be profitable, but a lot of the profitability lies in the coin’s price. Considering that the market has been pretty bad throughout the year, calculating the coin’s current price is not exactly the best way to determine its profitability. There are many who believe that the new bull run is just around the corner, and when it actually arrives, Bitcoin Cash mining will once again become every miner’s main goal.

Check out the new Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

[youtube https://www.youtube.com/watch?v=rQiHja3hoPA?start=475&feature=oembed&w=740&h=416]

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

The post Bitcoin Cash Mining: Is It Actually Profitable? appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/bitcoin-cash-mining-is-it-actually-profitable/

Chinese Billionaire Bitcoin Investor ‘Done’ Investing in Blockchain Projects 0

Chinese Billionaire Bitcoin Investor ‘Done’ Investing in Blockchain Projects

Li Xiaolai, the founder of Beijing-based venture capital firm BitFund and a widely recognized billionaire Bitcoin investor in China, has publicly stated that he will personally move away from the blockchain and initial coin offering (ICO) space. He said on China’s largest social media platform Weibo: “From this day on, Li Xiaolai personally will not

The post Chinese Billionaire Bitcoin Investor ‘Done’ Investing in Blockchain Projects appeared first on CCN

How One Blockchain Startup is Transforming Travel and Increasing Accessibility in Cities 0

How One Blockchain Startup is Transforming Travel and Increasing Accessibility in Cities

How One Blockchain Startup is Transforming Travel and Increasing Accessibility

We all know that social networks and digital content distribution is controlled by a small number of large companies. The strength of these companies lies in the content that millions of users create and share on a daily basis. In platforms like Facebook and Twitter, users are not only customers who consume advertising or pay to access certain features. They are also the “workers” whose free labor generates content and the big data that these companies control and profit from.

We all also know that several different blockchain startups are trying to disrupt the current model of social networking and online content sharing. I recently came across one interesting Spain-based project hoping to participate in this transformation. Navibration aims to become the world’s first decentralized social network of audio-guided travel experiences built on blockchain technology. While the platform is targeting tourists, I think it has an under-explored use case in making the world more accessible for those with disabilities.

How Navibration works

Content on the Navibration platform is created by the users, though the final audio-guides will be edited and perfected by the Navibration team. Each new audio-guided travel experience will be sold on the platform and support a new smart contract, so that proceeds from purchases can be divided among the users involved in the creation of the audio-guides. The company calls the audio-guides “Navibration Experiences” and they will be geolocated and developed for different cities around the world.

The Navibration ecosystem is a multiplatform tool, available in a desktop version and on tablets and smartphones. The guides will be available for purchase through the Navibration app. They can be bought using Navicoins or fiat. In case of fiat, the funds will be used to buy Navicoins automatically. The final Navicoins will be divided equally to reward users who contributed to the process of creating the audio-guide.

Tourist 3.0

The target market for the platform are so-called tourists 3.0. These are travellers who are digitally connected and use mobile phones for many things (tickets, reservations, etc.). This type of tourist increasingly sees technology as an essential tool during a trip. They take into account comments and reviews of other users. They share their own travel experience on different platforms and social networks and influence other travellers. They are also not interested traditional travel, but seek new types of experiences.

Navigation Through Vibration

One of the truly unique features of the Navibration platform it its patented navigation system that uses vibration to guide travellers, rather than forming them to follow a visual map. Users can enjoy an audio-guided tour, moving from one place to place without maps, without internet and without looking at any device. This is made possible through specially designed wearables.

  • Navibration Watch

This is the first wearable planned by the company. It will consist of a smart watch that integrates the navigation through vibration system. Users will be able to “navibrate” anywhere in the world with their watch.

  • Navibration Stick

This is the second wearable the company has planned. It is aimed mainly at blind users or those who are visually impaired. It will function similarly to the Navibration Watch, but the vibration navigation system will be incorporated into a walking stick.

Conclusion

Navibration is a unique project with a fairly specific use case and target audience. One of the reason I like it that it is the only blockchain startup I am aware of that is seriously thinking about the needs of users who are disabled or have visual impairments. The navigation through vibration system could open up travel to blind and visually impaired tourists in a totally new way.

However, one of the underplayed uses for the “navibrate” system could be helping those with visual impairments, not only during travel experiences, but in everyday life. Such a system could be an incredible enhancement to the walking cain currently used by many blind people. The navibration technology could help them negotiate their own cities and access spaces they previously found daunting. In short, the navibrate system has potential far beyond pleasing tourists. I think it could also help dramatically increase the accessibility of cities around the world for the visually impaired.

Disclaimer: I do not own NAVI coins and I have not participated in the ICO. This is not investment advice. Please do your own research and never risk funds you can’t afford to lose. frauswif.

Subscribe to my Medium and Twitter channels if you like my articles and want to learn more about blockchain and cryptocurrency projects.

If you have any questions about this article, please add a comment in the section below.

Thank you!


How One Blockchain Startup is Transforming Travel and Increasing Accessibility in Cities was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

North Dakota Issues Orders Against Bitconnect, Magma, Pension Rewards 0

North Dakota Issues Orders Against Bitconnect, Magma, Pension Rewards

The securities department of the US state of North Dakota has issued orders against three companies promoting initial coin offerings in the state. They are Bitconnect, Magma Foundation, and Pension Rewards. The investigations are part of Operation Cryptosweep which involves over 40 US and Canadian securities regulators.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

North Dakota’s Cease and Desist Orders

North Dakota Securities Commissioner Karen Tyler issued cease and desist orders Wednesday against three companies “promoting unregistered and potentially fraudulent securities in North Dakota in the form of initial coin offerings (ICOs),” the state’s securities department announced. The department wrote:

The companies that are the subject of the orders are Bitconnect and related companies Bitconnect Ltd. and Bitconnect International Plc., Magma Foundation and related companies Magma Coin and Magma, and Pension Rewards Platform, aka Pension Rewards.

North Dakota Securities Commissioner Karen Tyler.

The orders are the result of investigations by the department’s ICO task force set up to identify “ICOs and cryptocurrency related investments that pose a risk to North Dakota investors,” the announcement describes. “The effort is also part of Operation Cryptosweep, a coordinated multi-jurisdiction investigation and enforcement effort involving over 40 U.S. and Canadian securities regulators.” In August, the regulators revealed that more than 200 crypto-related cases are being actively investigated, as news.Bitcoin.com previously reported.

The announcement explains that the three companies are not registered to offer securities in the state. However, their websites, which solicit investments for ICOs, are available to residents of the state. In addition, they contain “unsubstantiated claims,” “misrepresentations,” or “several allegedly fraudulent representations.”

The Three Companies

Bitconnect, Bitconnect Ltd., and Bitconnect International Plc have already been served orders by several states such as Colorado, North Carolina and Texas for “alleged unregistered activity and fraud,” the commissioner detailed, adding:

Bitconnect’s website claims that holders of their BCC [token] can receive interest rates of up to 120%…Bitconnect’s claim of excessive interest rates is unsubstantiated and misleading.

Magma Foundation, Magma Coin, and Magma are conducting an ICO for MGM token which is allegedly “backed by gold and/or ETFs,” the commissioner noted. The Colorado Securities Division has already issued a cease and desist order to the company.

Pension Rewards Platform, aka Pension Rewards, is soliciting investors “for virtual currency called ‘$pcoin’ or ‘pcoin’ which allows investment in and use of their platform to connect freelancers to available workforce opportunities.” The order describes:

The website states that the coins will multiply rapidly and produce a large profit for investors, and that the growth will ‘happen in no time’.

Additionally, the coin’s whitepaper “makes the unsubstantiated claim that due to the rapidly growing market and popularity of their platform, the coin price will grow.” However, the commissioner emphasized that the firm does not “disclose material financial and risk information to potential investors, nor do they describe the means by which they will provide the promised return on investments.”

What do you think of North Dakota issuing orders against the three companies? Let us know in the comments section below.


Images courtesy of Shutterstock and North Dakota Office of the Governor.


Need to calculate your bitcoin holdings? Check our tools section.

The post North Dakota Issues Orders Against Bitconnect, Magma, Pension Rewards appeared first on Bitcoin News.

EOS Airdrop — What Is It And When Will It Come? 0

EOS Airdrop — What Is It And When Will It Come?

Despite the fact that 2018 has been almost constantly bearish, numerous cryptocurrencies have still managed to make some very important moves. EOS is certainly one of them, and this year will be marked forever in EOS history as the year when the crypto has launched its own MainNet.

While this was a most eagerly anticipated event, it was successfully pulled back in June. Ever since then, EOS has been working hard to make its network bigger, better, and more reliable. The same goes for its community, which has already benefitted greatly from numerous EOS airdrop events in the last few months.

However, the excitement is not yet over, and EOS airdrop list still holds quite a few of events that should not be missed by coin’s supporters and holders.

What is EOS airdrop?

For those who might not know, an airdrop is an event during which a crypto project distributes its coins to its users. The events have grown to be very popular, since coins are distributed for free, and they can be obtained without paying or trading other cryptos.

This is considered to be among the best marketing strategies for every crypto. The faithful users can see it as a reward for their support, while it is not unheard of for these events to attract new users which are effectively expanding the coin’s community. With an increase in awareness, EOS airdrop events can also help with driving the widespread adoption of the coin.

Airdrops are often performed by various projects that are in development on the specific coin’s network. These can include new dApps, platforms, and even decentralized exchanges. By releasing coins to coin holders, these projects are successfully spreading awareness, and are getting more supporters and users.

What EOS airdrops can be expected soon?

As mentioned, EOS airdrop events have become increasingly popular, especially in the recent months. July, August, and September have already had numerous such events, which have dropped quite large amounts of EOS tokens.

This will, of course, continue in the coming months, and the EOS community is eagerly awaiting their arrival. At the time of writing, there are a few airdrops that have already been scheduled, with a lot more of them that have yet to specify the date and time of the events.

These include airdrops made by a wallet MORE, Chinese block producer candidate EOSpace, a gambling portal EOSBet, a fundraising dApp GiveyNation, and more. One event that has been scheduled months in advance is CADEOS airdrop. CADEOS is a decentralized CAD file, as well as a platform dedicated to project management. It aims to allow users to manage their projects with more efficiency and ease, as well as to share and edit CAD files on the platform directly. CADEOS airdrop is scheduled to be held on December 12 of this year.

While the number of scheduled airdrops is currently only limited to CADEOS airdrop, this should not discourage EOS holders. As mentioned previously, there are numerous others that have yet to provide an official date of the airdrop. Still, they will come sooner or later, and EOS enthusiasts should stay tuned, and keep an eye out for official announcements of these events.

Check out the new Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

[youtube https://www.youtube.com/watch?v=rQiHja3hoPA?start=481&feature=oembed&w=740&h=416]

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

The post EOS Airdrop — What Is It And When Will It Come? appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/eos-airdrop-what-is-it-and-when-will-it-come/

EOS Airdrop — What Is It And When Will It Come? 0

EOS Airdrop — What Is It And When Will It Come?

Despite the fact that 2018 has been almost constantly bearish, numerous cryptocurrencies have still managed to make some very important moves. EOS is certainly one of them, and this year will be marked forever in EOS history as the year when the crypto has launched its own MainNet.

While this was a most eagerly anticipated event, it was successfully pulled back in June. Ever since then, EOS has been working hard to make its network bigger, better, and more reliable. The same goes for its community, which has already benefitted greatly from numerous EOS airdrop events in the last few months.

However, the excitement is not yet over, and EOS airdrop list still holds quite a few of events that should not be missed by coin’s supporters and holders.

What is EOS airdrop?

For those who might not know, an airdrop is an event during which a crypto project distributes its coins to its users. The events have grown to be very popular, since coins are distributed for free, and they can be obtained without paying or trading other cryptos.

This is considered to be among the best marketing strategies for every crypto. The faithful users can see it as a reward for their support, while it is not unheard of for these events to attract new users which are effectively expanding the coin’s community. With an increase in awareness, EOS airdrop events can also help with driving the widespread adoption of the coin.

Airdrops are often performed by various projects that are in development on the specific coin’s network. These can include new dApps, platforms, and even decentralized exchanges. By releasing coins to coin holders, these projects are successfully spreading awareness, and are getting more supporters and users.

What EOS airdrops can be expected soon?

As mentioned, EOS airdrop events have become increasingly popular, especially in the recent months. July, August, and September have already had numerous such events, which have dropped quite large amounts of EOS tokens.

This will, of course, continue in the coming months, and the EOS community is eagerly awaiting their arrival. At the time of writing, there are a few airdrops that have already been scheduled, with a lot more of them that have yet to specify the date and time of the events.

These include airdrops made by a wallet MORE, Chinese block producer candidate EOSpace, a gambling portal EOSBet, a fundraising dApp GiveyNation, and more. One event that has been scheduled months in advance is CADEOS airdrop. CADEOS is a decentralized CAD file, as well as a platform dedicated to project management. It aims to allow users to manage their projects with more efficiency and ease, as well as to share and edit CAD files on the platform directly. CADEOS airdrop is scheduled to be held on December 12 of this year.

While the number of scheduled airdrops is currently only limited to CADEOS airdrop, this should not discourage EOS holders. As mentioned previously, there are numerous others that have yet to provide an official date of the airdrop. Still, they will come sooner or later, and EOS enthusiasts should stay tuned, and keep an eye out for official announcements of these events.

Check out the new Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

[youtube https://www.youtube.com/watch?v=rQiHja3hoPA?start=481&feature=oembed&w=740&h=416]

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

The post EOS Airdrop — What Is It And When Will It Come? appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/eos-airdrop-what-is-it-and-when-will-it-come/

How to Help Translate Bitcoin.org 0

How to Help Translate Bitcoin.org

If you’re a fluent or native speaker of a language other than English, this
blog post will help you learn how to get started translating Bitcoin.org so
that more people around the world who speak your language can learn about
Bitcoin.

Thank you to Simon AKA “Komodorpudel” for preparing content to help organize this post.

Getting Started with the Translation Team

Translations for Bitcoin.org are done on a website called Transifex. Basic instructions for how Transifex works can be found here.

Below is a summary:

  1. Create a free Transifex account.
    Creating a Transifex account is free and not much information is needed.

  2. Join the Bitcoin.org translation team
    and select the language you want to translate the site into. Your request to
    join a team will be accepted instantly, and you will be a translator for the
    language you selected. If your language is not available yet, close the pop-up,
    scroll down, and navigate to “Request language”.

  3. Play around with the interface. Transifex’s interface can be a bit confusing
    and it cannot hurt to take a look around. As a translator, you cannot cause any
    harm as you can only edit unreviewed strings. A complete history is saved for
    every string, making it impossible to destroy previous work. In the beginning,
    stay away from the Glossary as this can be edited by new translators but no
    history is saved.

  4. Join the Telegram group for translators.
    The website maintainer, both team leaders for translations, a number of language
    coordinators, and various translators are present in this group. We are happy to
    help in case you need assistance.

  5. Choose what you want to translate. Navigate to the “Dashboard” on the top of
    the page, then to “Languages” and select your language. You will see a lot
    of different resources and their progress. Each resource consists of a number of
    strings. A string is a “string” of text on Bitcoin.org. Each string has three
    possible states – “untranslated”, “translated but unreviewed”, and “reviewed”.
    Only the first state “untranslated” is relevant for most translators. However,
    if you find a “translated but unreviewed” string that contains obvious mistakes,
    you are free to correct them. “Reviewed” strings can only be changed or
    unreviewed by reviewers. The first resource “bitcoin.org” contains all strings
    of the main page. Start here. Everything else that follows starts with
    “devdocs…”, indicating that these files are part of the developer
    documentation. It is recommended that you only try to translate the developer
    documentation if you are an experienced Bitcoin user and/or developer with a
    profound understanding.

  6. Start translating. You must be a native or fluent speaker for the language
    you choose to translate. Please be careful to preserve the original meaning of
    each text. Sentences and popular expressions should sound native in your
    language. Translations need to be reviewed by a reviewer or coordinator before
    publication. Once reviewed, coordinators will notify the team leaders that a
    certain translation is ready for publication. If in doubt, please contact the
    coordinator(s) for your language on Transifex.

  7. Please take a look at the Responsibilities and Tasks section below to learn
    more about the different types of users that you’ll encounter on Transifex
    when helping translate Bitcoin.org.

Responsibilities and Tasks

Team Leaders

Team Leaders are currently Simon AKA “Komodorpudel” and Hendrawan AKA “khendraw”.

Responsibilities and Tasks

  • Providing oversight on the complete translation efforts on Transifex.
  • Keeping track of everything.
  • Being a contact person for all sorts of questions that cannot be answered by language coordinators.
  • Promoting or demoting users (e.g. promoting a reviewer to coordinator).
  • Managing groups that have no active coordinator.

Coordinators

Various people across all language teams are coordinators. For a number of
languages, no active coordinator exists. If there are any questions or you want
to assist by becoming a coordinator, please write one of the team leaders.

Responsibilities and Tasks

  • Translating and striving for consistency across strings.
  • Providing oversight on the complete translation efforts for a specific language.
  • Notifying team leaders if a resource is ready to be put on the website.
  • Being a contact person for the team leaders.
  • Being a contact person for all reviewers and translators within a specific language team.
  • Introducing and helping new volunteers.
  • Promoting or demoting users (e.g. promoting a translator to reviewer).
  • Removing user that do not follow instructions (e.g. using Google Translate).

Reviewers

Responsibilities and Tasks

  • Translating and striving for consistency across strings.
  • Reviewing strings (preferably not their own strings if possible).
  • Checking translations for correctness regarding meaning and spelling.
  • Checking for consistency across translations (e.g. is “transaction malleability” translated consistently across all strings?).

Translators

Responsibilities and Tasks

  • Translating and striving for consistency across strings.
  • Extending the glossary with translations for necessary and general terms.

About Bitcoin.org

Bitcoin.org was originally registered and owned by Satoshi Nakamoto and Martti
Malmi. When Satoshi left the project, he gave ownership of the domain to
additional people, separate from the Bitcoin developers, to spread
responsibility and prevent any one person or group from easily gaining control
over the Bitcoin project. Since then, the site has been developed and
maintained by different members of the Bitcoin community.

Despite being a privately owned site, its code is
open-source and there have
been over 3,200 commits from 180 contributors from all over the world. In
addition to this, over 950 translators have helped to make the site display
natively to visitors by default in their own languages — now 25 different
languages and growing.

XRP Price Analysis: Ripple Investment Rise 30 Percent Tripling Bitcoin’s 0

XRP Price Analysis: Ripple Investment Rise 30 Percent Tripling Bitcoin’s

Fundamental developments as formation of SAIV, objectives of Coil to turn XRP from a facilitator to a medium of exchange and increase coin listings at various exchanges is bullish. Aside from this, Nigel Green’s comments cement our bullish stand. This is further solidified by candlestick formations of the last two weeks and the increasing capital flow to XRP. Investment in XRP rose to $311 from $239 million in the last week.

Latest Ripple News

The FX market is a huge market and Forex Choice, a Belize regulated FX broker is placing XRP in the middle of the high $5 trillion market. Forex Choice enable traders to buy and sell currencies straight from their XRP dominated wallet. Many brokers and funds across the world are reaping huge benefits as speed, efficiency and low cost of doing business when they incorporate XRP. Aside from Forex Choice, Forex.com, and NordFX are some of the brokers allowing their clients to trade the XRP crypto market.

Perhaps a stand out among funds is Arrington XRP Capital. Although they were recently subpoenaed by the SEC for the second time this year, they denominate their fund in XRP. In an interview, Arrington XRP Capital founder Michael Arrington said there are massive cost benefits when using XRP. This is because the fund can move capital and incur negligible costs. Hopefully, court cases and subpoenas will reduces with Ripple leading a lobbying group, the SAIV, to advocate for better regulation.

The tide is also changing. For so long, XRP has been known as a settlement tool but Coil is changing this narrative. By using InterLedger Protocol (ILP), Stephan Thomas’s Coil wants to make XRP a currency and an avenue where internet companies can use the coin to settle. Just like fiat.

XRP Price Analysis

Weekly Chart

A stand out in the last week is that long lower wick signaling rejection of lower lows and resumption of bulls in line with week ending Sep 23. Though we retain a bullish outlook expecting prices to move higher in Q4 2018, what we need to see is a strong move above 80 cents in days to come. Notice that prices are still trending inside that trend defining bullish engulfing bar of week ending Sep 23.

In our analysis, what is important is that reversals were at important Fibonacci retracement levels coinciding with our previous resistance now support levels at 45 cents and 55 cents. Because of that, we expect prices to surge above $1 and probably print $1.65 before the end of the year. This is technically possible when we make projection basing our Fibonacci extension levels at week ending Sep 23 high low. Because of this, we recommend buying on every retracement in lower time frames with stops at 55 cents.

Daily Chart

From the chart, bulls are now trading above Sep 24 highs asserting their stand thanks to yesterday’s 10 percent gain. All things constant, we recommend trading according to the trend set out by Sep 18 bulls bouncing off main support at 25 cents. As such and as laid out above, our XRP trade plan today is to follow through by buying on dips in lower time frames with first targets at 80 cents and $1. Ideal stops should be at 55 cents.

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.

The post XRP Price Analysis: Ripple Investment Rise 30 Percent Tripling Bitcoin’s appeared first on NewsBTC.

Bitcoin News Summary – July 30, 2018 0

Bitcoin News Summary – July 30, 2018

The post Bitcoin News Summary – July 30, 2018 appeared first on 99 Bitcoins.

Here’s what happened this week in Bitcoin in 99 seconds. The price upswing of Bitcoin this week was attributed to bullishness over a possible Bitcoin ETF and also Chinese inflows following the devaluation of the Yuan as a response to Trump’s new trade tariffs. The Chicago Mercantile Exchange tweeted that Bitcoin futures trading volume had […]

XRP Price Analysis: Ripple Investment Rise 30 Percent Tripling Bitcoin’s 0

XRP Price Analysis: Ripple Investment Rise 30 Percent Tripling Bitcoin’s

Fundamental developments as formation of SAIV, objectives of Coil to turn XRP from a facilitator to a medium of exchange and increase coin listings at various exchanges is bullish. Aside from this, Nigel Green’s comments cement our bullish stand. This is further solidified by candlestick formations of the last two weeks and the increasing capital flow to XRP. Investment in XRP rose to $311 from $239 million in the last week.

Latest Ripple News

The FX market is a huge market and Forex Choice, a Belize regulated FX broker is placing XRP in the middle of the high $5 trillion market. Forex Choice enable traders to buy and sell currencies straight from their XRP dominated wallet. Many brokers and funds across the world are reaping huge benefits as speed, efficiency and low cost of doing business when they incorporate XRP. Aside from Forex Choice, Forex.com, and NordFX are some of the brokers allowing their clients to trade the XRP crypto market.

Perhaps a stand out among funds is Arrington XRP Capital. Although they were recently subpoenaed by the SEC for the second time this year, they denominate their fund in XRP. In an interview, Arrington XRP Capital founder Michael Arrington said there are massive cost benefits when using XRP. This is because the fund can move capital and incur negligible costs. Hopefully, court cases and subpoenas will reduces with Ripple leading a lobbying group, the SAIV, to advocate for better regulation.

The tide is also changing. For so long, XRP has been known as a settlement tool but Coil is changing this narrative. By using InterLedger Protocol (ILP), Stephan Thomas’s Coil wants to make XRP a currency and an avenue where internet companies can use the coin to settle. Just like fiat.

XRP Price Analysis

Weekly Chart

A stand out in the last week is that long lower wick signaling rejection of lower lows and resumption of bulls in line with week ending Sep 23. Though we retain a bullish outlook expecting prices to move higher in Q4 2018, what we need to see is a strong move above 80 cents in days to come. Notice that prices are still trending inside that trend defining bullish engulfing bar of week ending Sep 23.

In our analysis, what is important is that reversals were at important Fibonacci retracement levels coinciding with our previous resistance now support levels at 45 cents and 55 cents. Because of that, we expect prices to surge above $1 and probably print $1.65 before the end of the year. This is technically possible when we make projection basing our Fibonacci extension levels at week ending Sep 23 high low. Because of this, we recommend buying on every retracement in lower time frames with stops at 55 cents.

Daily Chart

From the chart, bulls are now trading above Sep 24 highs asserting their stand thanks to yesterday’s 10 percent gain. All things constant, we recommend trading according to the trend set out by Sep 18 bulls bouncing off main support at 25 cents. As such and as laid out above, our XRP trade plan today is to follow through by buying on dips in lower time frames with first targets at 80 cents and $1. Ideal stops should be at 55 cents.

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.

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