Monthly Archive: April 2019

Tron and Justin Jumble, Baidu Disappointment, Liverpool FC Deny Deal 0

Tron and Justin Jumble, Baidu Disappointment, Liverpool FC Deny Deal

  • Tron (TRX) retesting Jan 13-14 lows
  • Liverpool FC crash Sun’s expectations

Tron and Justin Sun are good at marketing, but their claims for partnership with Liverpool FC were untrue after the club’s spokesperson denial of such an arrangement. Good news is Tron (TRX) prices are stable above 2.1 cents meaning there is a window for higher highs towards 3.1 cents or 4 cents.

Tron Price Analysis

Fundamentals

To rival Ethereum and outdo competitors, then Tron honchos must do everything to onboard established firms. The easiest way of doing so is through partnerships, mergers or even outright acquisition. Tron, despite all the marketing blunders and denials, is pretty successful at this. Even so, back in 2018 Tron Foundation and Justin Sun did mislead investors into believing that they had a partnership with Baidu, China’s equivalent of Google. That wasn’t the case after CNLedger’s clarification:

“The partnership’ between Baidu and Tron is basically about Tron buying cloud computing resources from Baidu. ‘The two parties have made no contact at the blockchain business level.’ According to the ODaily, recently, Baidu Cloud and Tron have reached cooperation in the field of basic cloud business. Tron will build, operate and debug blockchain products based on Baidu Cloud to ensure compatibility and optimize development experience.”

Now, it seems Justin Sun have eggs on the face after Liverpool FC vehemently denied his hyped “invitation for a partnership.”

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After much fanfare, an official from the football club had to pour cold water on the excitement, saying “Liverpool Football Club has does not have a partnership with Tron” and that they had sent out to information invitation to many companies to better understand their business.

Candlestick Arrangement

While it may be a blip, Tron (TRX) is on recovery mode but out of the top-10. However, with a double bar bull reversal that would likely form the foundation of another rally recouping gains of early April, traders are optimistic.

Nonetheless, we shall adopt a cautious stand, and even if TRX is trading within a bullish breakout pattern against the USD and ranging, buyers have a chance as long as prices are above 2.1 cents or the lows of the double bar bull reversal pattern of Jan 13-14.

At the moment, we recommend patience until after there is are high volume up-thrusts above 2.7 cents. On a more conservative approach, risk-averse traders should load up when bulls edge past 3.1 cents.

Technical Indicators

In the meantime, Apr 25 bear bar is our reference bar. With high volumes, the path towards initiating longs will pan out if there is a full recovery, reversing these losses with volumes exceeding 13 million. Before then, patience is vital.

Charts courtesy of Trading View

 

The post Tron and Justin Jumble, Baidu Disappointment, Liverpool FC Deny Deal appeared first on NewsBTC.

Fake California Cop Racket Targets Victims in Bitcoin Phone Scam 0

Fake California Cop Racket Targets Victims in Bitcoin Phone Scam

By CCN.com: A notice on the official website for the City of Berkeley police department warns residents of phone scams involving Bitcoin. Calling them “cyber-enabled fraud crime,” the post talks about a woman who scammers attempted to victimize via telephone – even calling her from the number 911. The scammer claimed she was under investigation for drug trafficking and should give all the money in her bank account to avoid arrest. The scammer wanted Bitcoin. Scammers Impersonate Berkeley Police Just this past Thursday, a young woman received a call from a person claiming to be an “Officer Neil Matthew” with

The post Fake California Cop Racket Targets Victims in Bitcoin Phone Scam appeared first on CCN

New data suggests ICOs just may not be a lost cause… 0

New data suggests ICOs just may not be a lost cause…

Image by Aaron Olson from Pixabay

ICOs are not a lost cause instead there might even be a chance of redemption. Hard to believe? Well, that’s what the data suggests. But before I get into that let me make a point abundantly clear.

ICO numbers are dwindling. That is a fact backed by data. According to InWara’s Q1 2019 report, ICO numbers dropped by over 72% YOY.

source

Why ICOs are not a lost cause

While it’s true that ICO numbers have been falling since Q2 2018, it doesn’t mean that ICOs are a lost cause or that the ICO method of fundraising is going away anytime soon. So what’s a better statistic?

“Of all the ICOs launched during a time frame, what percentage of them managed to raise any funds?”

It may come as a surprise but not every ICO project raises funds, in fact usually a majority of ICOs don’t raise funds.

Percentage of ICO that raised funds

source

Back in March 2018, only 35% of ICOs managed to raise any funds albeit not the entire amount they were seeking. But in March 2019, this number jumped to about 60%. An increase of 25%. From a majority of ICOs not raising funds to a majority of ICOs raising some funds. The progress is as clear as day.

So ICO number are dwindling but the ones that survive have managed to raise funds. So why is this happening?

One likely reason is that the increased regulatory oversight and lackluster enthusiasm of investors in ICO projects have weeded out fraudulent projects from the market. Enabling more competent and serious projects to take the stage. This is beneficial for investors as the risk involved in participating in an ICO is significantly reduced.


New data suggests ICOs just may not be a lost cause… was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

<h1>Ethereum Staking Could Mean Huge Profits For Validators</h1> 0

<h1>Ethereum Staking Could Mean Huge Profits For Validators</h1>

Jonny Rhea, protocol engineer at ConsenSys, explains proof of stake and how Vitalik Buterin’s proposal to increase validator rewards could affect the Ethereum ecosystem.

India Banning Bitcoin is Becoming Highly Likely, New Bill Introduced 0

India Banning Bitcoin is Becoming Highly Likely, New Bill Introduced

The Indian inter-ministerial committee has drafted a bill to ban cryptocurrencies like bitcoin.

Subhash Chandra Garg, the Finance Secretary who led the committee, has previously gone on record to warn of the folly of investing in cryptocurrencies. And while the bill is only at the consultation stage, the long term outlook for crypto in India does not look promising.

https://platform.twitter.com/widgets.js

The Indian Authorities Are Not Okay With Bitcoin

The relevant government departments have already received the draft bill titled, the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019.” The government departments will give their feedback to compile the final bill, which the Indian government will consider, following the up-and-coming May elections.

If passed into law, this move would represent the final act in what has been a testing period for the Indian crypto community. Especially so during recent months, which has seen an escalation of anti-crypto sentiment, including a crackdown on exchanges, and the forcible closure of bank accounts held by investors.

In response to the news, prominent crypto advocate and founder of the WazirX exchange, Nischal Shetty remains defiant. In a tweet, he said:

“There’s rumour of India banning crypto. Hope this is fake news. Hundreds of democratic countries allow crypto. As an Indian, I use crypto & I’m not a criminal. Plz listen to the people. RT this, we need to stay united!”

The Indian Government Wants Centralized Control

During late 2016, in a bid to reverse currency counterfeiting, the Indian Prime Minister, Narendra Modi announced a demonetization policy. This set out the withdrawal of Rs 1,000 and Rs 500 currency notes from circulation. As a result, 85% of the country’s money ceased to be legal tender.

The move was widely criticized for being ineffective, for example in not printing sufficient quantities of new notes. But more significantly than that, as a cash-intensive society, the Indian people suffered great hardship during the upheaval process.

Steve Forbes, Chief Editor at Forbes, labeled the move immoral. He said:

“What India has done is commit a massive theft of people’s property without even the pretense of due process–a shocking move for a democratically elected government.”

https://platform.twitter.com/widgets.js

The Impact on Cryptocurrencies

As a result of the demonetization policy, Indians with large sums of cash turned to a new means of holding wealth – Bitcoin. Meaning Modi’s attempt to curb counterfeiting only served to popularize cryptocurrency in India.

Nonetheless, the Indian crypto market is small. Despite the country’s large population, it contributes only 2% of the total cryptocurrency market cap. As such, if the worst were to happen, the impact in the broader crypto market would be slight.

In any case, some say talk of a ban is greatly exaggerated. It can be argued that the bill proposal relates to the implementation of a regulatory framework within India and is something to welcome, in the sense that the Indian authorities have opened dialogue on how to move forward with crypto.

The post India Banning Bitcoin is Becoming Highly Likely, New Bill Introduced appeared first on NewsBTC.

<h1>An Interview With Ledger CEO Pascal Gauthier</h1> 0

<h1>An Interview With Ledger CEO Pascal Gauthier</h1>

Ledger’s new CEO, Pascal Gauthier, talks about his new role, the future of Ledger, how the success of Ledger and security are linked to the cryptocurrency market, and how the company plans to combat hack attacks.

<h1>Terrorist Group Hamas Using BTC To Raise Funds</h1> 0

<h1>Terrorist Group Hamas Using BTC To Raise Funds</h1>

Research from blockchain analysis firm Elliptic shows that terrorist organization Hamas is using bitcoin to raise funds. To hide its activities, the group has developed a website that generates a new wallet after every transaction.

India Banning Bitcoin is Becoming Highly Likely, New Bill Introduced 0

India Banning Bitcoin is Becoming Highly Likely, New Bill Introduced

The Indian inter-ministerial committee has drafted a bill to ban cryptocurrencies like bitcoin.

Subhash Chandra Garg, the Finance Secretary who led the committee, has previously gone on record to warn of the folly of investing in cryptocurrencies. And while the bill is only at the consultation stage, the long term outlook for crypto in India does not look promising.

https://platform.twitter.com/widgets.js

The Indian Authorities Are Not Okay With Bitcoin

The relevant government departments have already received the draft bill titled, the “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019.” The government departments will give their feedback to compile the final bill, which the Indian government will consider, following the up-and-coming May elections.

If passed into law, this move would represent the final act in what has been a testing period for the Indian crypto community. Especially so during recent months, which has seen an escalation of anti-crypto sentiment, including a crackdown on exchanges, and the forcible closure of bank accounts held by investors.

In response to the news, prominent crypto advocate and founder of the WazirX exchange, Nischal Shetty remains defiant. In a tweet, he said:

“There’s rumour of India banning crypto. Hope this is fake news. Hundreds of democratic countries allow crypto. As an Indian, I use crypto & I’m not a criminal. Plz listen to the people. RT this, we need to stay united!”

The Indian Government Wants Centralized Control

During late 2016, in a bid to reverse currency counterfeiting, the Indian Prime Minister, Narendra Modi announced a demonetization policy. This set out the withdrawal of Rs 1,000 and Rs 500 currency notes from circulation. As a result, 85% of the country’s money ceased to be legal tender.

The move was widely criticized for being ineffective, for example in not printing sufficient quantities of new notes. But more significantly than that, as a cash-intensive society, the Indian people suffered great hardship during the upheaval process.

Steve Forbes, Chief Editor at Forbes, labeled the move immoral. He said:

“What India has done is commit a massive theft of people’s property without even the pretense of due process–a shocking move for a democratically elected government.”

https://platform.twitter.com/widgets.js

The Impact on Cryptocurrencies

As a result of the demonetization policy, Indians with large sums of cash turned to a new means of holding wealth – Bitcoin. Meaning Modi’s attempt to curb counterfeiting only served to popularize cryptocurrency in India.

Nonetheless, the Indian crypto market is small. Despite the country’s large population, it contributes only 2% of the total cryptocurrency market cap. As such, if the worst were to happen, the impact in the broader crypto market would be slight.

In any case, some say talk of a ban is greatly exaggerated. It can be argued that the bill proposal relates to the implementation of a regulatory framework within India and is something to welcome, in the sense that the Indian authorities have opened dialogue on how to move forward with crypto.

The post India Banning Bitcoin is Becoming Highly Likely, New Bill Introduced appeared first on NewsBTC.

Coinspeaker Partners Blockchain Industry Group: Get Special Discounts Right Now! 0

Coinspeaker Partners Blockchain Industry Group: Get Special Discounts Right Now!

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