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Analyst: “Break Of Current Bitcoin Resistance Will Start A Bull Run”

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The latest Bitcoin news showed the recent rally of the most dominant cryptocurrency. Despite the months-long resistance at $4,200, BTC seems to have reignited the market’s bullish performance. After nearly a year and a half of the bear market, analysts are now sure that a potential bottom may be in – and that this bottom is causing the bulls to become even more confident that the worst is behind us and a new chapter in the crypto market is coming.

According to one crypto analyst, all of the top cryptocurrencies are behind and held back by Bitcoin’s current resistance level. Once this level breaks, as he said, a new bull run will begin. Known as ScienceGuy9489, this analyst made waves in the crypto space and gained a lot of attention because of his prediction.

He also predicted a break out for Bitcoin, Ethereum, Ripple and Litecoin – showing the potential dates for this to happen. Meanwhile, the bullish calls started out when the Bitcoin price rose to nearly $1,000 in an hour – which is more than the previous two months of price growth combined.

The analyst has since then become a crypto celebrity – and a popular figure for his predictions about the number of charts and the future shape of the market.

In his latest tweet, the analyst also claimed that a breakout above $5,260 in Bitcoin price charts, will “cause another bull run” and suggested that Ethereum, Litecoin, Ripple and Stellar are being held back by the critical resistance level.

If this resistance is broken, the analyst says to “expect big gains” – especially if this rally is sustained. If Bitcoin is unable to break through $5,260 and maintain its gains, he recommends selling the resistance until it is eventually broken.

The previous predictions by ScienceGuy9489 came with oddly specific breakout dates. Even though these dates haven’t yet been reached, all of the proposed breakouts of downtrend lines have occurred.

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Japan Crypto Regulation: Exchanges Could Get New Rules Regarding Cold Wallets

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The Japan crypto regulation is a hot topic in the latest cryptocurrency news, especially after the country's Financial Services Agency (FSA) has decided to introduce new rules regarding cold wallets that would allow users to store cryptocurrencies at crypto exchanges. As Reuters reported on April 17 citing a source familiar with the entire matter, the country's financial regulator will reportedly require crypto exchanges to strengthen internal supervision of cold wallets - which are basically devices for storing digital currency which are not connected to the Internet. The new Japan crypto regulation will also see the FSA addressing all of the difficulties of ensuring the security of digital currencies as well as other risks for the country since it intends to boost the fintech industry and stimulate economic growth. Even though cold wallets are not connected to the Internet, in that manner they provide better security to global assets. Still, the FSA suggests that there could be risks of internal theft - something that was shared a lot on many best cryptocurrency news sites. As one source noted, a number of exchanges don't actually have policies set in place where the people responsible for the storage would be regularly rotated out. The FSA further addressed the Japan crypto regulation issue earlier this month, when it heard arguments for no longer classifying Bitcoin (BTC) as a currency. During one plenary session at the 41st General Assembly of the Financial Council and the 29th Financial Division meeting, Professor Iwashita Goto of Kyoto University argued that Bitcoin had become a currency that is beyond means of transacting mostly due to its borderless qualities which led it to appear throughout the world in its ten-year history. Aside from this, a month ago the FSA also approved the second cryptocurrency exchange to begin operations under new regulations - and started issuing licenses to new cryptocurrency exchanges that were interested in serving the Japanese market. All of this leads to a brighter future where the Japan crypto regulation is not anymore a challenge.
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Privacy Coin Monero Turns Five Today, What Did It Achieve?

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Privacy Coin Monero is the 12th largest crypto project per market cap and its price is hovering around the $68 price point. On its fifth birthday, we find out what did XMR achieve over the years and what can be improved in the coming altcoin news below. The privacy coin monero is now down from its all-time high at $495 to where it was in 2018. The price of the cryptocurrency is now up by more than 7,000 percent over the past three years. The price is doing well after the recently increasing bullish sentiment on the market and has generated the buying pressure that boosted the XMR value by 30 percent over the past month. The price also increased by 50 percent over the last three months. The increase in the price of the privacy coin monero coincided with the increase of attention on the social media that has been going around in the previous months with all the privacy concerns. Users have urged to improve the security of the digital currency exchanges after the many hacks that marked 2018. On XMR’s fifth birthday, the team member binaryFate explained:
 “Monero gives you control over the privacy of your digital financial transactions. This privacy is a fundamental human right for individuals and a competitive essential for businesses.”
In the latest cryptocurrency news, we also pointed out that the privacy coin monero made huge technical progress. In 2018, XMR developers activated bulletproofs which is a type of zero-knowledge proofs on the blockchain. The development affected the XMR transactions which made them extremely cheaper. Unlike other competitors, privacy coin monero was founded after the Bytecoin hard fork. It leverages ring signatures which makes possible for the identity of the sender to be hidden and all of the one-time keys are made unlikable. Combining with the Bulletproof program, the privacy on the blockchain is among the most advanced in the entire crypto ecosystem. It is interesting to notice that Monero does not have a constant growing competition since many out there are not privacy-oriented. For example, Nightfall and Zether protocols can only hide the transaction details on the ethereum network.
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Carrefour And Nestle To Use IBM’s Blockchain Technology To Track Food

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Carrefour and Nestle partnered recently in order to use IBM’s blockchain technology to easily track French convenience food. Following the announcement that we have in our coming altcoin news, we find out more on the partnership. The French supermarket chain and the Swiss-based food giant decided to use blockchain technology for improved food tracking. Both Carrefour and Nestle are a member of IBM’s Food Trust blockchain platform. They will use the technology starting today to better track the supply chain on the popular mashed potato brand Mousline. When the procedure is complete, the customers will be able to scan a QR code with their cell phones and will be able to instantly check where the potatoes come from. The customers can check every single packet of instant mashed potatoes as well as their journey from start to finish. According to Carrefour and Nestle:
 “Using the QR code on the product’s packaging, each consumer will be able to use a secure platform on their smartphone to access information on the production supply chain, including the varieties of potato used, the dates and places of manufacture, information on quality control, and places and dates of storage before the product reaches the shelves.’’
The decision to use IBM’s blockchain technology comes one day after the supermarket chain from the United States Albertsons stated it was going to use Food Trust for one of its products. Albertsons will use the blockchain technology to track the iceberg lettuce origins and other products are waiting in line as well. As reported in our latest cryptocurrency news, Carrefour and Nestle continued to explain in the press release:
‘’ This partnership is based on the shared values of each company to bring consumers greater transparency in the food sector. By simply scanning a product using a smartphone, consumers will receive reliable and unfalsifiable information on the supply chain and production.”
Carrefour has been in the news before for attempting to use blockchain technology in order to be able to track the origins of the milk in its stores. Currently, there are about five million different items in the store shelves that are tracked with the help of blockchain technology.
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The Central Bank Of The Philippines Approved Three New Crypto Exchanges

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Following the latest local reports from the Philippines coming into our latest cryptocurrency news, the Bangko Sentral ng Pilipinas (BSP) approved three new crypto exchanges. The central bank of the Philippines wants to prove that it is one of the friendliest crypto-hubs in the world since the number of total approved crypto exchanges reached 10. The Local Manila Times reported:
 “Melchor Plabasan, officer-in-charge at the Technology Risk and Innovation Supervision Department of the central bank, said newly approved were Bexpress Inc., Coinville Phils. Inc., and ABA Global Phils. Inc.”
As previously reported in July 2918, the government-operated Cagayan Economic Zone Authority issued approximately 24 licenses for the crypto exchanges which actually increased the bar to 34. The economic zone in the Northern part of the Philippines issued its own licenses once again proving to be in step with the blockchain technology developments. Over the years, the country became a powerhouse for the crypto businesses because of the friendly regulations and the interest from the small and local companies. For example, the largest crypto exchange in Southeast Asia Coins.ph reportedly has 1 out of 10 Filipino adult users. The CEO of Pantera Capital Dan Morehead who is the first investor in Coins.ph stated:
‘’A week or so ago, we announced that we sold Coins.ph in the Philippines and I think that is a great example of Bitcoin’s actual usage now and not 20 years from now. They have one out of ten adults in the Philippines as a customer. That’s very real. I think it is important for the community to really know that there are applications that are working right now.’’
The Filipino model of approving crypto exchanges resembles the one of Japan. The Financial Services Agency (FSA) and the rest of the authorities in Japan introduced a national licensing program. The agency manually approves all of the exchanges that operate on the market. The process for approving the exchanges starts by filtering the companies with weak infrastructure in order to make sure to protect the funds. This approach towards regulating the crypto industry in the Philippines is a good way to facilitate the growth of the crypto sector.
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