📨 Hashed News Update

🔻Decentralized Exchange Trading Volume Hits All-Time Low

🤝Ripple-Swift Rumour Gets Rekindled as Ripple CEO Says, Open to “work with Swift”

⚠️Financial Advisor: Major Banks are 3,233% More Expensive Than Bitcoin

⚒ConsenSys Developer Joins Ethereum Classic Cooperative as Executive Director

🗣Civic CEO: Bitcoin’s Crypto Winter Could Soon Turn ‘Nuclear’

🇮🇹Italian Postal Service Joins Hyperledger Blockchain Community

💵Ethereum-Based ‘Wrapped’ Token Backed by Bitcoin Launches

📈NEM Foundation, on Brink of Bankruptcy, Plans Layoffs and Pivot

💷Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018

@ProofofResearch was probably the first one to raise the red flag the exchange that supposedly lost keys to their cold wallet.

Hmm, notice something that these exchanges with a red box around them have in common besides a really high premium?

In essence, multi-signature wallets are typically designed so that more than one key is needed to transfer the funds. However, it is typically only 2 out of 3 keys that are needed.

Multi-signature wallet capability was implemented in the $BTC protocol via BIP10.

The purpose of this BIP was to avoid a situation just like this - there are funds that an institution/exchange are using and someone dies/goes missing/refuses to cooperate. As long as 2 out of the 3 parties are alive and well, moving the funds should not be an issue.

Read about it here:

https://cointelegraph.com/news/multisig-support-set-to-become-a-new-standard

XRP/USD needs to grab some fuel
The bankster's coin has always been in my portfolio. I know we hate them for ruining the decentralized nature of cryptocurrencies. Well I'll make a bold statement here.
If any company has the potential to come to bitcoin's level, it's XRP.

Trade Analysis
The movements have been mostly fueled by fundamentals. Mixed news that made the coin tumble a bit but I expect it to set up higher lows.
I'm leaning towards the bullish end and would reccommed waiting till a confirmation from the bulls. Volume too hasn't been impressive yet on the bigger frame a bullish breaker would set the mode just right.

Whale turned artist
I would say Leonardo da Vinci would be quite impressed to know the amount of money that went in to make this a perfect painting.

The volume has been perfectly manipulated and the typical indicators are being turned against us. Bull flags and inverted head and shoulders have become the new meme trend. We have to get more volume to see a good move.

Predictably we might see a retracement and another fake out. Market is bouncing in the same range for over half a month now.
Let's hope for the best.

Absolutely Mashed Baby!

Litecoin in a mess?
We all agree to the fact that some coins do repeat trends of their fellow coins like ADA always follows BTC and most altcoins start moving after ETH.
Litecoin has seen some dramatic moves and is hitting the resistance. Most indicators and oscillators are giving me bearish feelings. I wouldn't mind opening a short here.

Ticker: LTC(Litecoin)
Position: SHORT
Entry: $33.1 - $34.8
Targets: $31.3 and lower
Stops: adjust to entry once we get to the target.

A while ago I promised to talk about mining for a bit. Someone asked: “Why is it so important for a coin’s chain to have the most hashingrate in it’s mining algorithm?”

There are several hashing algorithms for different coins. I’ll quickly sum up a few algorithms and their top coin:
- SHA-256 - Bitcoin
- Scrypt - Litecoin
- X11 - Dash
- Cryptonight - Monero
- Dagger Hashimoto Ethash - Ethereum

Having the most power in your algorithm is important when it comes to security. There is a lot of hashing power directed to the top coin in it’s algorithm. The smaller coins have smaller amounts of power to secure the network. That way it becomes easy for a large miner to redirect it’s power from the number one chain to a smaller chain using the same algorithm and attack it.

Some coins even use multiple algorithms at once, like Verge (XVG). Thanks to bugs in it’s software, it was possible for an attacker to redirect a relatively small amount of Scrypt hashing power to the chain, and overtake it for about 99%. The attacker only needed a few percent of the hashing power. This happened last year around May.

Recently another 51% attack happened to Ethereum Classic. It’s using the same algorithm as Ethereum, so it’s vulnerable to this kind of attacks.

Every fork that doesn’t change it’s algorithm, is prone to such attack.

Vibe seems to have started moving. It might find some resistance at the 1200 levels and retrace yet we are in a great profitable trade.

#LTCUSD on BITFINEX :
- it has temporary break to the resistance trendline that has been established since february 2018, but I am not sure if it is a clear break or just a bull trap (From the history, we can see that it did several bull trap.
- if it is a clear break, I think we will see LTC to test at least $42 (previous high)
- Based on elliot wave count, we can see that there is a big possibility for long term down to $22 - $17 (as the previous heavy price action)
- for short term, a very possible case of test to $42 region
- for long term, I am extremely bearish based on pitchfork and elliot wave count, and I believe that LTC will touch $22 region

so, after those long term analysis on #LTC , we should look for an opportunity to do any trade on the shorter timeframe. and I plan to do it on BITMEX with a good leverage.

And we did pick up a nice trade. At 10x I managed to grab about 40% from this trade.

Coin of the month - February

I wanted this one to be like all the other coins. Well documented in a PDF or something like formatted text but I think in my opinion we might miss out on some good gains if we delay this.

Well I'm looking at $CLOAK for the coin of the month February. This one has some real potential to do a 2x easy.

Grab it around 30k satoshi. I'm aiming for something like 65k satoshi. A large number of factors will effect this. Right now I have some real tight schedule to slice through.

Apologies for the half-baked report.
If you got so share some awesome microcap or gem that you would want me to check then do ping me. @cryptopotatoes

Bang on babe. Hit the first target. Going strong on the 25x trade.

In my opinion it's time we start loading our longs. I just grabbed a long in the last dump and suggest you too enter soon.

Position: LONG
Ticker: XRPH19
Entry: 8752 - 8814
Targets: 9037 - 9188 - 9296
Leverage: 10x
Risk portfolio: 5% - 10%
Risk level: 6/10

Holy Potato. It's losing its shit. Thank god I gave it 10%
https://www.tradingview.com/x/DnMSJmPj

📨 Hashed News Update

📃 The Wyoming Senate has passed a bill that is recognizing cryptocurrency as money.
via The Block

🔍 Ethereum core developers have settled on moving forward with an audit before implementing ProgPow.
via CoinDesk

🇺🇸 The U.S. Securities and Exchange Commission (SEC) is seeking sources for blockchain data and its analysis.
via Bitcoin.com

💵 According to a recent analysis, computer hardware producer Nvidia might have underreported approximately $1.35 billion in cryptocurrency-related revenue.
via Cointelegraph

👨‍⚖️ A new, $16 billion claim against the now-defunct cryptocurrency exchange Mt. Gox has reportedly been filed.
via Cointelegraph

Awakening sub account small gambling short-cuts

As a fractal viewpoint, I do not recommend entry as a trading perspective

If you want to do it, however, do not hesitate to lose a small amount of $ 3425 stop loss

https://cointelegraph.com/news/mtgox-leaked-info-purportedly-shows-318-billion-cryptocurrency-sell-offs-on-bitpoint

If you don't open a position on this news you probably need to learn to trade.
You have been informed first. Before anyone else. Don't miss this one