Dawn Song, professor of computer science:
βοΈ BlokchΠ°in combines theory and practice and can lead to fundamental breakthroughs in many areas. It can really affect many areas of life and many areas of industry
βοΈ BlokchΠ°in combines theory and practice and can lead to fundamental breakthroughs in many areas. It can really affect many areas of life and many areas of industry
π The main news in the cryptoindustry π
#Tether #Bitcoin
β οΈSeptember 2, 2018 Tether released another batch of tokens in the amount of 100 million on the Bitfinex hot wallet. A few days ago, 30 and 40 million tokens were withdrawn from circulation.
πIt's no wonder that the company Tether continue to release their tokens in batches when they like it. The last time a major addition was seen at the end of July was worth $ 300 million USDT.
πSuch constant changes in the number of coins are similar to the manipulation of the entire market and the price of bitcoin, since the highest volumes of trade are observed in the pair BTC / USDT. The constant release of new lots of USDT tokens reminds national central banks, which launch a printing press during periods of economic crisis, in order to maintain the liquidity of the domestic currency.
πAt the end of last year, the company had already been charged, as they were caught in a fraudulent scheme for creating artificial liquidity. A Tether token with a low cost was created and not provided with the dollar in a ratio of 1: 1 as claimed by the creators. Then investors began to invest in this cryptocurrency, not understanding its specifics, and when sufficient capitalization was collected, the creators simply sold all their USDT tokens, having received money from the air.
πSubsequently, the case was jammed, but manipulation continues until now, therefore, with each release of a new batch of USDT, there is an increase in the price of bitcoin.
β The concept of cryptocurrency includes the creation of tokens or coins by means of mining, or a block-genesis, in which a limited number of coins are issued at once. Tether goes against this principle, releasing its tokens when it sees fit. Thus, there are signs of manipulation, so be careful when trading in pairs to USDT.
#Tether #Bitcoin
β οΈSeptember 2, 2018 Tether released another batch of tokens in the amount of 100 million on the Bitfinex hot wallet. A few days ago, 30 and 40 million tokens were withdrawn from circulation.
πIt's no wonder that the company Tether continue to release their tokens in batches when they like it. The last time a major addition was seen at the end of July was worth $ 300 million USDT.
πSuch constant changes in the number of coins are similar to the manipulation of the entire market and the price of bitcoin, since the highest volumes of trade are observed in the pair BTC / USDT. The constant release of new lots of USDT tokens reminds national central banks, which launch a printing press during periods of economic crisis, in order to maintain the liquidity of the domestic currency.
πAt the end of last year, the company had already been charged, as they were caught in a fraudulent scheme for creating artificial liquidity. A Tether token with a low cost was created and not provided with the dollar in a ratio of 1: 1 as claimed by the creators. Then investors began to invest in this cryptocurrency, not understanding its specifics, and when sufficient capitalization was collected, the creators simply sold all their USDT tokens, having received money from the air.
πSubsequently, the case was jammed, but manipulation continues until now, therefore, with each release of a new batch of USDT, there is an increase in the price of bitcoin.
β The concept of cryptocurrency includes the creation of tokens or coins by means of mining, or a block-genesis, in which a limited number of coins are issued at once. Tether goes against this principle, releasing its tokens when it sees fit. Thus, there are signs of manipulation, so be careful when trading in pairs to USDT.
π Project from Top-100 CoinMarketCap π
Coin #DASH
Exchange #Binance #Huobi #Bitfinex
π· DASH is a project that seeks to replace traditional payment systems, such as PayPal and Visa.
πThe project was created by the programmer Evan Duffield, who originally wanted to add anonymity to bitcoin, but the community did not accept his idea. Then, in a few days in January 2014, he created a code for a new cryptocurrency, called DarkCoin (later called XCoin, then DigitalCASH (DASH)).
πA key feature of this cryptocurrency is the provision of cryptocurrency transactions with full anonymity, this is achieved through the X11 algorithm, which compiles 11 different cryptographic algorithms. DASH has a much faster network, which is a two-level system of miners (PoW algorithm) and masternodes. This allows tens of times faster to receive transfers in this cryptocurrency compared to Bitcoin, at the moment this figure is ~ 10 minutes.
πThe network is completely decentralized and therefore each participant with an open masternode can vote for changing various parameters within the network.
πThe team is actively developing the project and already includes more than 50 people who are actively working not only on network development, but also on the implementation of DASH in many services and institutions of the real world. This cryptocurrency is already used in many online stores around the world, and there are also a number of partnerships with the financial sector, which was made possible by the high network speed and very low commission (~ $ 0.14).
β Outcome:This is one of the first projects that helps to expand the cryptocommunity by introducing it into the real sector of the economy, which helps it to stay in the market leaders and hope for an increase in the value of its coin.
Coin #DASH
Exchange #Binance #Huobi #Bitfinex
π· DASH is a project that seeks to replace traditional payment systems, such as PayPal and Visa.
πThe project was created by the programmer Evan Duffield, who originally wanted to add anonymity to bitcoin, but the community did not accept his idea. Then, in a few days in January 2014, he created a code for a new cryptocurrency, called DarkCoin (later called XCoin, then DigitalCASH (DASH)).
πA key feature of this cryptocurrency is the provision of cryptocurrency transactions with full anonymity, this is achieved through the X11 algorithm, which compiles 11 different cryptographic algorithms. DASH has a much faster network, which is a two-level system of miners (PoW algorithm) and masternodes. This allows tens of times faster to receive transfers in this cryptocurrency compared to Bitcoin, at the moment this figure is ~ 10 minutes.
πThe network is completely decentralized and therefore each participant with an open masternode can vote for changing various parameters within the network.
πThe team is actively developing the project and already includes more than 50 people who are actively working not only on network development, but also on the implementation of DASH in many services and institutions of the real world. This cryptocurrency is already used in many online stores around the world, and there are also a number of partnerships with the financial sector, which was made possible by the high network speed and very low commission (~ $ 0.14).
β Outcome:This is one of the first projects that helps to expand the cryptocommunity by introducing it into the real sector of the economy, which helps it to stay in the market leaders and hope for an increase in the value of its coin.
β οΈ Over the past week, bitcoin showed organic growth in one of the main scenarios (up to the $ 7400 zone). As a result, the market revived, investments in altcoins increased and a positive attitude emerged.
π»But as a result of profit-taking at 7400, growth was stopped. And due to the fact that market participants are increasingly using margin trading tools to make profits on the fall, the number of shorts has increased dramatically. As a result, bitcoin went to the expected correction, which was fast enough. The fall of bitcoin more than 5% during the work of European and American markets provoked panic sales in the Asian market.
At the moment, the forecasts are adjusted and look like this:
πΌPositive outlook:
From the current price zone around 6400, after consolidation, bitcoin will start growth in the price zone around 6,990, and with shallow corrections will continue to grow up to the first goal in the $ 9,300 zone (the first target).
βΆοΈLess positive option:
The fall will continue to zone 6110, followed by consolidation and growth in accordance with the first option. In this case, the consolidation has all the chances to drag on for up to 2 weeks with the formation of another flat in the range 6100-6700.
π½Negative:
The fall will continue, with the breakdown of zone 5900 and going down to the price zone 5600, then after the retest of zone 5800-6000 it is possible the continuation of the fall of quotations up to the level of 4200.
β As always, the recommended zones for entering and increasing the volume of positions are indicated by green arrows.
Green rectangles indicate the currently important price zones, which can provide resistance or support.
The red line indicates the level of the stop-loss.
βοΈChoose your stop loss level based on your risk-management and target profit.
πSuccessful trades to you!
π»But as a result of profit-taking at 7400, growth was stopped. And due to the fact that market participants are increasingly using margin trading tools to make profits on the fall, the number of shorts has increased dramatically. As a result, bitcoin went to the expected correction, which was fast enough. The fall of bitcoin more than 5% during the work of European and American markets provoked panic sales in the Asian market.
At the moment, the forecasts are adjusted and look like this:
πΌPositive outlook:
From the current price zone around 6400, after consolidation, bitcoin will start growth in the price zone around 6,990, and with shallow corrections will continue to grow up to the first goal in the $ 9,300 zone (the first target).
βΆοΈLess positive option:
The fall will continue to zone 6110, followed by consolidation and growth in accordance with the first option. In this case, the consolidation has all the chances to drag on for up to 2 weeks with the formation of another flat in the range 6100-6700.
π½Negative:
The fall will continue, with the breakdown of zone 5900 and going down to the price zone 5600, then after the retest of zone 5800-6000 it is possible the continuation of the fall of quotations up to the level of 4200.
β As always, the recommended zones for entering and increasing the volume of positions are indicated by green arrows.
Green rectangles indicate the currently important price zones, which can provide resistance or support.
The red line indicates the level of the stop-loss.
βοΈChoose your stop loss level based on your risk-management and target profit.
πSuccessful trades to you!
π John McAfee:
βοΈ Bitcoin will become the gold standard. Bitcoin will always be the standard that can be kept in the purse offline and considered its retirement savings. It's "grandfather," he's always the best. When people start to learn about crypto-currencies, they say "bitcoin" instead of "crypto-currency"
βοΈ Bitcoin will become the gold standard. Bitcoin will always be the standard that can be kept in the purse offline and considered its retirement savings. It's "grandfather," he's always the best. When people start to learn about crypto-currencies, they say "bitcoin" instead of "crypto-currency"
π· News Digest π·
πU.S. SEC orders temporary suspension of trading of bitcoin and ether ETNs
πBugatti, Rolls-Royce, & Bentley Retailers begin accepting BTC and BCH
πGoldman Sachs is not abandoning Crypto Trading Desk, plans to launch Bitcoin Derivative
πThe strongest drop in the top 100 shows the Ethereum , which dropped to a price of 189 dollars. The last time this price was July 27, 2017.
πΆ Market Review πΆ
Total Capitalization - $195 121 013 511 π» β1,37 %
Total Volume - $10 604 113 566 π» β11,76 %
1οΈβ£Bitcoin 6 324,85 $ π» β0,33 %
2οΈβ£Ethereum 196,68 $ π» β1,24 %
3οΈβ£Ripple 0,2755 $ π» β2,7 4%
4οΈβ£Bitcoin Cash 480,09 $ β β0,08 %
5οΈβ£EOS 5,03 $ β β2,67 %
6οΈβ£Stellar 0,1916 $ π» β2,50 %
7οΈβ£Litecoin 54,45 $ β β0,02 %
8οΈβ£Cardano 0,0754 $ π» β3,15 %
9οΈβ£Monero 107,10 $ β β0,92 %
πDash 202,73 $ β β7,28 %
TOP GAINERS
βͺοΈWagerr 0,1648 $ β β44,45 %
βͺοΈPRIZM 0,5618 $ β β29,74 %
βͺοΈWaves 2,45 $ β β27,30 %
TOP LOSERS
βͺοΈNamecoin 1,59 $ π» β19,36 %
βͺοΈBitcoin Interest 1,25 $ π» β17,37 %
βͺοΈEndor Protocol 0,0436 $ π» β14,41 %
TOP LIQUID ACTIVES
βͺοΈTrueChain 0,51 $ βοΈ β168,4 %
βͺοΈBibox Token 0,44 $ βοΈ β122,9 %
βͺοΈNucleus Vision 0,0051 $ βοΈ β64,63 %
πU.S. SEC orders temporary suspension of trading of bitcoin and ether ETNs
πBugatti, Rolls-Royce, & Bentley Retailers begin accepting BTC and BCH
πGoldman Sachs is not abandoning Crypto Trading Desk, plans to launch Bitcoin Derivative
πThe strongest drop in the top 100 shows the Ethereum , which dropped to a price of 189 dollars. The last time this price was July 27, 2017.
πΆ Market Review πΆ
Total Capitalization - $195 121 013 511 π» β1,37 %
Total Volume - $10 604 113 566 π» β11,76 %
1οΈβ£Bitcoin 6 324,85 $ π» β0,33 %
2οΈβ£Ethereum 196,68 $ π» β1,24 %
3οΈβ£Ripple 0,2755 $ π» β2,7 4%
4οΈβ£Bitcoin Cash 480,09 $ β β0,08 %
5οΈβ£EOS 5,03 $ β β2,67 %
6οΈβ£Stellar 0,1916 $ π» β2,50 %
7οΈβ£Litecoin 54,45 $ β β0,02 %
8οΈβ£Cardano 0,0754 $ π» β3,15 %
9οΈβ£Monero 107,10 $ β β0,92 %
πDash 202,73 $ β β7,28 %
TOP GAINERS
βͺοΈWagerr 0,1648 $ β β44,45 %
βͺοΈPRIZM 0,5618 $ β β29,74 %
βͺοΈWaves 2,45 $ β β27,30 %
TOP LOSERS
βͺοΈNamecoin 1,59 $ π» β19,36 %
βͺοΈBitcoin Interest 1,25 $ π» β17,37 %
βͺοΈEndor Protocol 0,0436 $ π» β14,41 %
TOP LIQUID ACTIVES
βͺοΈTrueChain 0,51 $ βοΈ β168,4 %
βͺοΈBibox Token 0,44 $ βοΈ β122,9 %
βͺοΈNucleus Vision 0,0051 $ βοΈ β64,63 %
Vitalik Buterin:
βοΈ βThe blockchain space is getting to the point where thereβs a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isnβt an opportunity for yet another 1,000-times growth in anything in the space anymore.β
βοΈ βThe blockchain space is getting to the point where thereβs a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isnβt an opportunity for yet another 1,000-times growth in anything in the space anymore.β
π· News digest π·
πThe Winklevoss twinsβ Gemini Trust Company is rolling out Gemini dollar, a regulated stablecoin that lets users send and receive U.S. dollars on the Ethereum network
πAccredited Investors now able to hold Bitcoin in registered accounts in Canada
πCNN: "People around the world are starting to trust Bitcoin more than the Central Banks".
πA survey carried out by research service YouGov Omnibus shows that while cryptocurrency prices are tumbling, 48 percent of millennials have no problem switching to crypto as a primary currency.
πΆ Market Review πΆ
Total Capitalization - $196 120 561 700 β β0,20%
Total Volume - $10 604 113 566 π» β2,07%
1οΈβ£Bitcoin 6 374,30 $ β β0,69%
2οΈβ£Ethereum 195,93 $ π» β1,57%
3οΈβ£Ripple 0,2713 $ π» β2,24%
4οΈβ£Bitcoin Cash 471,96 $ π» β2,37%
5οΈβ£EOS 5,06 $ π» β0,10%
6οΈβ£Stellar 0,1942 $ β β0,24%
7οΈβ£Litecoin 54,55 $ π» β1,31%
8οΈβ£Cardano 0,0735 $ π» β4,41%
9οΈβ£Monero 107,54 $ π» β1,00%
πDash 201,57 $ π» β1,65%
TOP GAINERS FROM TOP-200
βͺοΈCredo 0,0372 $ β β46,51 %
βͺοΈEmercoin 1,24 $ β β44,02 %
βͺοΈCrypterium 0,32 $ β β42,50 %
TOP LOSERS FROM TOP-200
βͺοΈZClassic 4,28 $ π» β14,88 %
βͺοΈRChain 0,21 $ π» β12,08 %
βͺοΈFactom 4,26 $ π» β10,16 %
TOP LIQUID ACTIVES
βͺοΈTrueChain 0,51 $ βοΈ 168,4 %
βͺοΈBibox Token 0,43 $ βοΈ 122,9 %
βͺοΈbitCNY 0,14 $ βοΈ 64,63 %
πThe Winklevoss twinsβ Gemini Trust Company is rolling out Gemini dollar, a regulated stablecoin that lets users send and receive U.S. dollars on the Ethereum network
πAccredited Investors now able to hold Bitcoin in registered accounts in Canada
πCNN: "People around the world are starting to trust Bitcoin more than the Central Banks".
πA survey carried out by research service YouGov Omnibus shows that while cryptocurrency prices are tumbling, 48 percent of millennials have no problem switching to crypto as a primary currency.
πΆ Market Review πΆ
Total Capitalization - $196 120 561 700 β β0,20%
Total Volume - $10 604 113 566 π» β2,07%
1οΈβ£Bitcoin 6 374,30 $ β β0,69%
2οΈβ£Ethereum 195,93 $ π» β1,57%
3οΈβ£Ripple 0,2713 $ π» β2,24%
4οΈβ£Bitcoin Cash 471,96 $ π» β2,37%
5οΈβ£EOS 5,06 $ π» β0,10%
6οΈβ£Stellar 0,1942 $ β β0,24%
7οΈβ£Litecoin 54,55 $ π» β1,31%
8οΈβ£Cardano 0,0735 $ π» β4,41%
9οΈβ£Monero 107,54 $ π» β1,00%
πDash 201,57 $ π» β1,65%
TOP GAINERS FROM TOP-200
βͺοΈCredo 0,0372 $ β β46,51 %
βͺοΈEmercoin 1,24 $ β β44,02 %
βͺοΈCrypterium 0,32 $ β β42,50 %
TOP LOSERS FROM TOP-200
βͺοΈZClassic 4,28 $ π» β14,88 %
βͺοΈRChain 0,21 $ π» β12,08 %
βͺοΈFactom 4,26 $ π» β10,16 %
TOP LIQUID ACTIVES
βͺοΈTrueChain 0,51 $ βοΈ 168,4 %
βͺοΈBibox Token 0,43 $ βοΈ 122,9 %
βͺοΈbitCNY 0,14 $ βοΈ 64,63 %
π The main news in the cryptoindustry π
#Ethereum
β οΈLast week amongst the 100 most popular cryptocurrencies Ethereum has experienced the largest dip, namely having lost 35% of its value and breaking the $200 mark. The last time such prices were observed was only in July 2017.
πWhat is happening to this platform and why does such a promising project is rolling downhill?
πThe reason lies in the low liquidity of projects that are built on this platform. 95% of all dAPPs are illiquid and unneeded by the community. Wide popularity was achieved only by the cryptokitties app, which ranks 1st in the number of realized transactions. DEX , which are built on the Ethereum platform, are also unpopular, as they are inferior to centralized exchanges in terms of speed. As a result, we get a platform flooded with garbage projects, which absolutely nobody needs.
πWhat also complicates the situation is the fact that the developers themselves in the last year and a half are doing nothing but announcing updates - Plasma, Sharding, transition to the hybrid PoS / PoW algorithm, but it is also being stated that it will take at least a year for these updates to be implemented, which in the current situation is against the Ethereum. Many projects have already launched their platforms and are testing them, eliminating Ethereum flaws, such as scalability and transaction speed.
πFinally, the third reason having a significant impact on the price of ETH - substantial fundraising for projects - ICOs were conducted with this cryptocurrency. Projects running their token sales in winter - spring 2018 were especially prone to Ethereum price changes, as the sum of raised funds in USD dropped by 75% since that period. Seeing this situation, the management of many projects decided to keep at least partially collected funds and began selling ETH at market price. As a result, about 1 million coins were sold in the last month, which had a significant impact on the cost of Ethereum.
β Thus, the plunge of Ethereum is caused by serious problems that became noticable only 3 years after its launch. Only once these issues are eliminated another price increase could be expected. As for now all that's left is to wait and hope that the decline won't last long.
#Ethereum
β οΈLast week amongst the 100 most popular cryptocurrencies Ethereum has experienced the largest dip, namely having lost 35% of its value and breaking the $200 mark. The last time such prices were observed was only in July 2017.
πWhat is happening to this platform and why does such a promising project is rolling downhill?
πThe reason lies in the low liquidity of projects that are built on this platform. 95% of all dAPPs are illiquid and unneeded by the community. Wide popularity was achieved only by the cryptokitties app, which ranks 1st in the number of realized transactions. DEX , which are built on the Ethereum platform, are also unpopular, as they are inferior to centralized exchanges in terms of speed. As a result, we get a platform flooded with garbage projects, which absolutely nobody needs.
πWhat also complicates the situation is the fact that the developers themselves in the last year and a half are doing nothing but announcing updates - Plasma, Sharding, transition to the hybrid PoS / PoW algorithm, but it is also being stated that it will take at least a year for these updates to be implemented, which in the current situation is against the Ethereum. Many projects have already launched their platforms and are testing them, eliminating Ethereum flaws, such as scalability and transaction speed.
πFinally, the third reason having a significant impact on the price of ETH - substantial fundraising for projects - ICOs were conducted with this cryptocurrency. Projects running their token sales in winter - spring 2018 were especially prone to Ethereum price changes, as the sum of raised funds in USD dropped by 75% since that period. Seeing this situation, the management of many projects decided to keep at least partially collected funds and began selling ETH at market price. As a result, about 1 million coins were sold in the last month, which had a significant impact on the cost of Ethereum.
β Thus, the plunge of Ethereum is caused by serious problems that became noticable only 3 years after its launch. Only once these issues are eliminated another price increase could be expected. As for now all that's left is to wait and hope that the decline won't last long.
π : Project from Top-100 CoinMarketCap π
: Coin #Steem
: Exchange #Binance #Bithumb #Upbit
πSteem - a social network on the blockchain, which allows all its participants to earn money. The project's development began by well-known in the crypto industry developers Dan Larrymer and Nedd Scott in 2015, and in March 2016 the project was launched and immediately received ecstatic shoutouts.
πThe purpose of the project is so that each user can receive a daily reward for his/her activity within the network, and the greater the contribution the user makes - the higher the reward.
πThe project has 3 cryptocurrencies, which have different functions: Steem (the currency of the project that can be traded, exchanged and and used to buy SteemPower), SteemPower (allows you to increase the weight of your voice, become more authoritative in the project), Steem Dollar (a currency that can be traded, exchanged, but cannot be used to buy SteemPower, while it's price cannot fall below $1). Payments can be carried out in two currencies, namely Steem and SteemDollars, in a 50/50 ratio so that exchange rate fluctuations do not significantly affect the earnings on the platform.
πThe Steem project's blockchain works on the PoW algorithm and has a high bandwidth, having surpassed Ethereum and Bitcoin transcation count long ago, while also having zero fees. There are already more than 1 million users in this social network and their number is constantly growing.
πSteem is also recognized as one of the best blockchain projects by many rating agencies, including Weiss Rating, which placed this project on the 5th line.
β : Outcome: The prospects for this project are incredibly high, because the blockchain allows you to publish any information that will not be censored, and it is likely that Steem could be on par with such global giants as Facebook and Twitter.
: Coin #Steem
: Exchange #Binance #Bithumb #Upbit
πSteem - a social network on the blockchain, which allows all its participants to earn money. The project's development began by well-known in the crypto industry developers Dan Larrymer and Nedd Scott in 2015, and in March 2016 the project was launched and immediately received ecstatic shoutouts.
πThe purpose of the project is so that each user can receive a daily reward for his/her activity within the network, and the greater the contribution the user makes - the higher the reward.
πThe project has 3 cryptocurrencies, which have different functions: Steem (the currency of the project that can be traded, exchanged and and used to buy SteemPower), SteemPower (allows you to increase the weight of your voice, become more authoritative in the project), Steem Dollar (a currency that can be traded, exchanged, but cannot be used to buy SteemPower, while it's price cannot fall below $1). Payments can be carried out in two currencies, namely Steem and SteemDollars, in a 50/50 ratio so that exchange rate fluctuations do not significantly affect the earnings on the platform.
πThe Steem project's blockchain works on the PoW algorithm and has a high bandwidth, having surpassed Ethereum and Bitcoin transcation count long ago, while also having zero fees. There are already more than 1 million users in this social network and their number is constantly growing.
πSteem is also recognized as one of the best blockchain projects by many rating agencies, including Weiss Rating, which placed this project on the 5th line.
β : Outcome: The prospects for this project are incredibly high, because the blockchain allows you to publish any information that will not be censored, and it is likely that Steem could be on par with such global giants as Facebook and Twitter.