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The past two days since our previous BTC price analysis were probably the best days for Bitcoin during 2019: The coin is just unstoppable.

After breaking up the $7000, the $8000 target we mentioned in our recent weekly price analysis & overview, had reached very quickly. As of writing this, Bitcoin explodes above $8000.

Just a week ago the coin was trading around $5700. Less than two months ago, Bitcoin was trading under $3800. This is crazy, but, this is crypto.

So What can Stop Bitcoin’s current Bull-Run?

Any asset that surges too fast will have to correct and slow down. The longer there is no correction, the deeper the correction will likely be, when it takes place.

Earlier we mentioned that Binance is set to continue its deposits and withdrawals on Tuesday. This can definitely have an impact on the crypto markets. When Binance is out of the game, it’s easier to drive the price.

Besides, reasons like the dropping stock markets, Whole Foods adoption, Bakkt launch on July – are giving the cryptocurrency green light to continue surging.

Total Market Cap: $233 Billion

Bitcoin Market Cap: $140.7 Billion

BTC Dominance: 60.5%

Looking at the 1-day & 4-hour charts

– Support/Resistance:
As of now, Bitcoin is trading over $8000. The next major resistance level lies at the $8200 – $8300 area, which is the high reached at the end of July 2018. Further higher resistance lie the $8500 level, $8800 and $9000.

From below, the $8000 has now become the closest support level. Below lie the resistance turned support levels $7800, $7600, $7400 and $7000. Reasonable and healthy correction can even drop back to the $6K area.

– Trading Volume: Finally we see some green volume! The volume candles of the past two days are looking great. Money is being driven to the market; this can also be said by the daily chart’s OBV indicator.

– Daily chart’s RSI: As mentioned on our previous analysis, Bitcoin is nearing the 88-90 RSI levels. Bitcoin didn’t succeed in breaking the above level after reaching 88 RSI. The RSI found support at 80 and as of now, facing the resistance area mentioned one more time.

– BitFinex open short positions: Over the past days we have seen a short squeeze, as the amount of open short positions stand at 26K after reaching a high of 32.7K BTC open short positions over the past week.

BTC/USD BitStamp 4-Hour Chart

BTC/USD BitStamp 1-Day Chart

Source: cryptopotato

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Facebook, one of the big four tech companies, announced on May 8 via a blog post that it is relaxing its policy on ads related to cryptocurrency, blockchain technology, and financial products and services.

The policy change allows more business in the mentioned sectors to promote their work on the social media platform which has over 2.3 billion monthly active users. This makes it one of the most effective platforms to advertise on. A large portion of Facebook’s revenue comes from advertising.

Facebook’s Cryptocurrency Ban

The social media giant began blocking cryptocurrency ads on its platform in January 2018 – shortly after Bitcoin had reached its peak price in December 2017 – over concerns that some fraudulent initial coin offerings (ICOs) scammed investors. Other big tech firms that banned crypto ads include Google and Twitter.

The company relaxed its ban in June last year and only allowed ads from advertisers granted written approvals by the tech giant. Facebook is now further relaxing its policy so that many advertisers can display ads on its platform without prior permission.

The firm claims to have listened to feedback and assessed the effectiveness of its policy. Facebook stated in its announcement:

“While we will still require people to apply to run ads promoting cryptocurrency, starting today, we will narrow this policy to no longer require pre-approval for ads related to blockchain technology, industry news, education or events related to cryptocurrency.”

The tech firm came under heavy scrutiny after it decided to go ahead with its ban on cryptocurrencies. However, the online tech firm said that it would continue to ban ads related to ICOs. Part of the announcement states:

“People who want to promote cryptocurrency and closely related products, such as cryptocurrency exchanges and mining software and hardware, will still have to go through a review process.”

The firm’s crypto ban impacted Bloom, a California-based startup that gives users greater control of their online data using blockchain technology. The firm said it spent thousands of dollars to promote its services on Facebook but saw its ads banned by the social media network last October.

Facebook’s Crypto Ambitions

The policy changes follow months of reports that Facebook is working on its own blockchain project, although the online network has been reluctant to share details with the public. It was reported in December that the tech firm is developing an in-house stablecoin that would allow WhatsApp users to make crypto payments to one another.

It was also reported that the company is negotiating with various e-commerce and financial firms as it tries to bring the project to life.

Facebook is among other major companies such as Microsoft and JP Morgan Chase that are developing products and services in the crypto sector.

Source: Blokt

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Hackers stole over more than $40 million in cryptocurrency from Binance, which provides a platform for trading more than 100 cryptocurrencies.

“Hackers were able to obtain a large number of user API keys, 2FA codes… They used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet,” the start-up said in a statement late on Tuesday.

According to Binance, the world’s largest cryptocurrency exchange by volume, the theft impacted about 2 per cent of its total bitcoin holdings.

The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time from global cryptocurrency exchange.

“The transaction is structured in a way that passed our existing security checks. It was unfortunate that we were not able to block this withdrawal before it was executed,” Binance added.

“Once executed, the withdrawal triggered various alarms in our system. The start-up stopped all withdrawals immediately after that.”

Binance said it would conduct “a thorough security review” encompassing its systems and data during the next week.

–IANS

Source: Business standards

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  • Ripple’s XRP is in the bear trap from last many days.
  • XRP price is down by -2.3% in 7 days and -6.6% in 14 days.
  • A major price decline might happen in the coming days.

Ripple’s XRP the 3rd largest cryptocurrency by market capitalization is currently valued at $0.300457 USD. XRP is down by almost -1.50% in the last 24 hours. The market capitalization of Ripple’s XRP at the press time is $12,659,227,206 USD as per CoinMarketcap.

In recent time many other cryptocurrencies have gained a lot while XRP remains in the trap of bear. Last week Ripple also partnered with Ria Money Transfer which has $40 billion in money transfer volume per year.
Although partnering with such a large payment provider the price of XRP has not corrected yet.

Ripple XRP/USD Price Analysis

As Ripple’s XRP is trading around $0.30 from last few days so it will remain at the risk of going downside. If we look at the daily XRP price chart we find that it has strong resistance at $2908 USD. It is following a declining pattern around the current price.

XRP price chart by TradingView

However, if we look at the technical parameters like moving averages and oscillators we find that it’s showing a mixed pattern. Almost all moving averages are in the sell pressure zone while oscillators are just opposite to that.

Hull Moving Average (9) on a daily basis is 0.31253 which is in the sell pressure zone.

EMA (5, 10, 20, 30, 50, 100, 200) and SMA (5, 10, 20, 30, 50, 100, 200) all are in the indicating a sell presure zone.

Relative Strength Index (14) among the oscillators are in between the buy and sell pressure zone. The value of RSI (14) on a daily basis is 45.14764

Stochastic RSI Fast (3, 3, 14, 14) is 73.32385 and is in the neutral zone.

Conclusion

After analysing the price trend of XRP it can be concluded that it is in the bearish trap and also will be in the bear trap for some more days. Ripple’s XRP will have strong support level at $0.29 and resistance at around $0.30 USD.

SOURCE: KOINALERT

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Starbucks is moving to give consumers more information on its coffee products using a blockchain system that will track beans from “farm to cup.”

For the effort, the coffee chain is working with Microsoft to harness its Azure Blockchain Service in tracking coffee shipments from across the world, bringing “digital, real-time traceability” to its supply chains, according to an announcement from Microsoft.

With the partnership, Microsoft’s blockchain service will record all changes along the journey of the coffee on a shared ledger, providing participants with a “more complete view” of the supply chain.

Starbucks will use all that information to bring a new feature to its mobile app, giving consumers details on where the coffee was sourced and roasted, as well as on tasting notes.

As part of its commitment to ethical sourcing, it’s also hoping that the blockchain system can help benefit growers too, by providing them with data such as where their beans end up in consumers’ cups. According to the release, Starbucks sourced beans from over 380,000 coffee farms in 2018.

“I firmly believe that by empowering farmers with knowledge and data through technology, we can support them in ultimately improving their livelihoods,” said Michelle Burns, SVP of Global Coffee & Tea at Starbucks.

The app will also inform consumers of how Starbucks is supporting these growers, Microsoft indicated.

“This kind of transparency offers customers the chance to see that the coffee they enjoy from us is the result of many people caring deeply,” said Burns.

While a date for the launch of the new service has not been revealed, the digital traceability concept was demoed to shareholders at Starbuck’s annual meeting in March.

The firm is currently talking to coffee farmers in Costa Rica, Colombia and Rwanda to find out more about how the project can best benefit them, Burns added.

Starbucks is notably working with the Bakkt digital assets and bitcoin futures platform being developed by Intercontinental Exchange, the parent firm of the New York Stock Exchange. The coffee company was said last August to be working to develop “practical, trusted and regulated” applications for consumers to convert digital assets into U.S. dollars.

SOURCE:COINDESK

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The Australian Securities Exchange (ASX) published a report on May 7, 2019, announcing the opening of its Customer Development Environment (CDE) for distributed ledger technology (DLT) testing.

The exchange which has been developing a clearing and settlement system based on blockchain technology announced this latest development as it works towards a fully functional platform by 2020.

ASX’s Customer Development Environment Open for DLT Testing

According to the report published by the ASX, this blockchain software code released is the first of seven and was made available to customers on April 30. The company adds that it is looking to add more functions at approximately eight-week intervals, which would combine to form the fully functional CDE by the middle of next year.

The developers explained:

“The opening of the CDE allows customers to interact and experiment with the new system. Once connected, users can design, build and test system changes, access some of the new business functionality, and compare various access options.”

ASX began this project in 2016 and became the first mainstream exchange to adopt distributed ledger technology to manage its clearing and settlement activities.

Cliff Richards, ASX’s Executive General Manager Equity Post-Trade Services stated that delivering the CDE to customers on schedule is a significant milestone towards achieving its Clearing House Electronic Subregister System (CHESS) replacement goal. He adds that while the company believes in the potential of DLT, there is still a lot for them to do before rolling out the final service.

With the blockchain-based CHESS replacement, customers would be able to connect to the system directly using a DLT node, and this would provide them with real-time, synchronized, source-of-truth data.

Blockchain-based System Would Have Numerous Benefits

ASX mentioned that the primary aim behind this innovation is to reduce costs and complexity and facilitate new business opportunities for intermediaries, issuers, investors and other users. To encourage the use of DLT nodes, the company would be offering users free access to DLT nodes for three years.

Although the exchange is encouraging its users to utilize the DLT nodes connection method, the other access options such as ISO 20022 via AMQP and SWIFT remain open for use. Thus, market participants that don’t want to run the DLT node would continue using the alternative methods.

The Deputy CEO of ASX, Peter Hiom wrote that the international community is watching the company as its project is vital for blockchain’s adoption. The release of the blockchain code is the first time market participants all over the world can feel the benefits of using a node and connecting it via DLT to gain access to real-time data, Hiom added.

ASX’s partners are also excited about this latest development and the effort to achieve the remaining milestones. Louise Boreham, Senior Product Manager at Digital Asset in Sydney notes that his company is excited to work closely with the ASX to provide an exceptional developer experience while also helping ASX stakeholders realize the transformative potential of blockchain solutions.

Source: Blokt

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BitKonga by Bitkonga - 2w ago

Bitcoin blockchain confirmation can be very annoying especially when you are sending bitcoin to exchange wallet like coinbase which will not give you access your bitcoin until after 6 blockchain confirmations.

Bitcoin sent with low network fees is confirmed slower than bitcoin sent with high fees so it is advisable always send bitcoin with either regular fees or even better priority fees so your bitcoin is confirmed quicker.

Below is a list of website that can help you accelerate bitcoin confirmation. Some of these sites are free and some are paid. You will need your transaction iD to use these websites.

Bitaccelerate  FREE

ConfirmTX    FREE

Pushtx   PAID

ViaBTC  FREE / PAID

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Wietse Wind, the founder of XRP TipBot and XRParrot is a major developer pushing for the adoption of Ripple’s XRP through diverse means.

A few hours ago, the cerebral developer announced that XRParrot just converted its 500,000th Euro to XRP. In November, when it was launched, XRParrot broke a mighty milestone.

In just three working days, the XRP Community converted 125,000 XRP, an amount that was approximately €50,000 as at the time.

In January, XRParrot, a wonderful use case powered by Gate Hub’s XRPL EUR IOU, announced that the monthly XRP purchase limit has been pegged to £2000 instead of the usual £500.

In March, approximately 4 months that XRParrot accepted it first BETA transaction (moving from £500 to £2000 payment limit), the XRP-centric payment innovation achieved its 350,000th Euro to XRP conversion. The conversion, according to available information originated from 31 countries across the globe.

Wietse wind the founder of the innovation with his team at XRPL Labs are at the front adding outstanding use cases to XRP ecosystem.

Months back they were supported by Xpring, an initiative by Ripple centred on investing, incubating, acquiring and providing grants to companies and projects run by proven entrepreneurs.

Read: Ripple (XRP) News: Apple and Google Accept XRP Payment App

XRPL Labs’ XRP TipBot, a bot that enables users on reddit, Twitter and Discord to send Ripple XRP to each other, is planning to acquire European banking license purposely to widen its reach and go beyond been a tipping bot on social platform.

Around the same time, Bitrue Exchange partnered with XRP TipBot to make it easier for users to deposit other cryptos to the XRP TipBot.

As its tentackles widens, there is hope that XRPL Labs innovative ideas will increase the adoption of Ripple’s XRP.

SOURCE: Todaysgazette

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By CCN.com: Elon Musk is getting deeper and deeper down the cryptocurrency habit hole. After yesterday’s mysterious tweet which read simply “Ethereum,” the Tesla chief then asked Ethereum founder Vitalik Buterin for suggestions on what to develop on the blockchain platform.

Vitalik Non-giver of Ether

@VitalikButerin

You should come to our Devcon in October

Elon Musk

@elonmusk

What should be developed on Ethereum?

2,052 people are talking about this

Buterin responded with a list of 13 real-world use cases for cryptocurrency and blockchain technology. The list included everything from payments to insurance to new governance systems. Here’s Vitalik Buterin’s list in full.

1. A GLOBALLY ACCESSIBLE FINANCIAL SYSTEM

Buterin highlights cryptocurrencies most obvious use case – financial infrastructure. The Ethereum founder suggested payments, a store of value, and insurance. Insurance might chime with the Tesla CEO who recently announced a new Tesla insurance program

Elon Musk

@elonmusk

 · 23h

What should be developed on Ethereum?

Vitalik Non-giver of Ether

@VitalikButerin

My top picks (1):

* A globally accessible financial system, including payments, store of value, also more advanced stuff like insurance http://hurricaneguard.io/ 
* Identity: “sign in with Facebook” -> “sign in with an ethereum account, no intermediaries”. Also web of trust…

474 people are talking about this
2. “SIGN IN WITH ETHEREUM” OPTIONS

Buterin told Musk that Ethereum could be used to replace the ubiquitous “sign in with Facebook” option. He said it should be replaced with a “sign in with Ethereum” button to completely bypass intermediate companies.

3. SECURE AND TRANSPARENT REGISTRIES

Aside from financial applications, Ethereum can also be used to record data securely and with better transparency. 

Vitalik Non-giver of Ether

@VitalikButerin

 · 22h

My top picks (1):

* A globally accessible financial system, including payments, store of value, also more advanced stuff like insurance http://hurricaneguard.io/ 
* Identity: “sign in with Facebook” -> “sign in with an ethereum account, no intermediaries”. Also web of trust…

Vitalik Non-giver of Ether

@VitalikButerin

(2)

* All sorts of registries should publish on chain for security and easy verifiability, see my thread on this https://twitter.com/vitalikbuterin/status/1072158957999771648 …
* Experimenting with new forms of human organizational structure, eg. @MolochDAO
* All sorts of micropayment use cases via payment channels…

Vitalik Non-giver of Ether

@VitalikButerin

1. Time for a brief tweetstorm on non-financial applications of blockchains. As blockchain scalability gets better and better, and UX improves and fees drop as a result, this will become a bigger and bigger part of the story.

144 people are talking about this
4. EXPERIMENT WITH NEW FORMS OF GOVERNANCE AND HUMAN ORGANIZATION

Vitalik Buterin pointed to Moloch DAO – a “decentralized autonomous organization” pioneering a completely decentralized form of governance, executed by smart contracts.

5. MICROPAYMENTS

Beyond the globally accessible financial system, Buterin highlights the power of micropayments specifically.

6. MARKETS FOR PERSONAL DATA

“For privacy preserving machine learning (you pay me X, I let you homomorphically execute function Y on my data that’s been attestated to by Z…)”

7. SPAM PREVENTION IN SOCIAL NETWORKS
Vitalik Non-giver of Ether

@VitalikButerin

 · 22h

(2)

* All sorts of registries should publish on chain for security and easy verifiability, see my thread on this https://twitter.com/vitalikbuterin/status/1072158957999771648 …
* Experimenting with new forms of human organizational structure, eg. @MolochDAO
* All sorts of micropayment use cases via payment channels…

Vitalik Non-giver of Ether

@VitalikButerin

(3)

* Markets for personal data for privacy preserving machine learning (you pay me X, I let you homomorphically execute function Y on my data that’s been attestated to by Z…)
* Cryptoeconomics for spam prevention in social networks https://ethresear.ch/t/prediction-markets-for-content-curation-daos/1312 …

Prediction markets for content curation DAOs

This is a writeup of an idea that I introduced at the meetup in Bangkok here: https://youtu.be/OOJVpL9Nsx8?t=3h24m51s8 Suppose that you have a social media platform on which anyone can theoretically…

ethresear.ch

128 people are talking about this
8. MICROPAYMENT SCHEMES FOR PUBLISHERS OF GOOD CONTENT

Buterin is likely referring to initiatives like Steem which rewards writers for creating content and Brave which aims to compensate publishers in place of advertising revenue.

Vitalik Non-giver of Ether

@VitalikButerin

 · 22h

(3)

* Markets for personal data for privacy preserving machine learning (you pay me X, I let you homomorphically execute function Y on my data that’s been attestated to by Z…)
* Cryptoeconomics for spam prevention in social networks https://ethresear.ch/t/prediction-markets-for-content-curation-daos/1312 …

Prediction markets for content curation DAOs

This is a writeup of an idea that I introduced at the meetup in Bangkok here: https://youtu.be/OOJVpL9Nsx8?t=3h24m51s8 Suppose that you have a social media platform on which anyone can theoretically…

ethresear.ch

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UK’s English Premier League soccer club West Ham United entered into a strategic partnership with blockchain platform Socios.com to be the “Official Global Partner” of the club. As part of the deal, Socios.com will launch the Official Fan Token of West Ham United.

West Ham United is the first Premier League club to join the blockchain-powered fan engagement platform, and the third football club after European league clubs, France’s Paris Saint-Germain and Italy’s Juventus.

The West Ham Fan Token will be available to fans at the start of the 2019/2020 season and fans can purchase Fan Tokens directly through their mobile phone via the Socios.com app.

The West Ham Fan Token will help expand the club’s global fan engagement strategy and their global audience to bring fans in the UK and abroad closer to the club. The club has more than 40 million supporters worldwide and a global, digital fan base that exceeds 5 million across social media platforms.

Fans will be able to engage and have a say in club matters through mobile app voting and polling platforms using the fan token that will be will be listed on the Socios.com platform. Token owners will also be granted access to exclusive fan rewards, merchandise, games, leaderboards, content and experiences. Other Crypto bookmakers list and Crypto casinos list can also be part of the platform.

Socios is expected to benefit from a wide range of marketing rights including in-stadium, TV and digital exposure.

Socios.com is powered by Malta-based esports voting platform ChiliZ, which allows both esports and sports entities to tokenize their voting rights to their fan bases to crowd-manage sports and esports organizations.

The West Ham Fan Token will be tradeable against the platform’s native token, ChiliZ (CHZ), with the fans needed to purchase ChiliZ tokens to exchange into Fan Tokens.

Social trading platform eToro had signed an advertising deal in September last year with seven of UK’s Premier League football clubs, for which payment will be made in Bitcoin.

The integration of blockchain and cryptocurrency has the potential to improve the process of making purchases by clubs and supporters. Football teams have previously embraced cryptocurrency and blockchain technology.

Source: rttnews

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