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Bitcoin price: How to buy bitcoin? Is it easy to buy cryptocurrency? How do you get BTC?/ bitcoin exchange,Cryptocurrency exchange,CoinMarketCap,poloniex,bitfinex

BITCOIN (BTC) is continuing its remarkable rally. Yet despite the flagship cryptocurrency receiving significant attention in the financial press, most people do not know how to buy bitcoin. The price of bitcoin has hit its highest level since May last year, as the crypto’s surge going from strength to strength. Bitcoin is currently trading at £7,406 ($9,291) at 9pm on Monday, June 17, having begun 2019 trading well below $4,000. Industry insiders believe the wide-spread rumours Facebook is set to launch its own crypto competitor have fuelled the bitcoin bounce, along with a raft of rival cryptocurrencies. The world’s most valuable cryptocurrency remains a long way off its peak price of close to $20,000, which it reached in late 2017. How to buy bitcoin? Before you buy bitcoin, users must first download a bitcoin wallet. First time customer will be required to fill out a simple online form with basic details. Once users have a bitcoin wallet, they use a traditional payment method to buy bitcoins on a bitcoin exchange, before the bitcoins are transferred to your wallet. Exchanges are digital platforms where bitcoin are exchanged for fiat currency, for example, BTC for US dollars. Since wallets must be secure, exchanges do not encourage storing large amounts of bitcoin or for long periods. Therefore, it is advisable to transfer your Bitcoins to a secure wallet. Security must be your top priority when choosing a bitcoin wallet, so opt for one with a multi-signature facility. The user then clicks the Buy tab to purchase crypto currency and the Sell tab to exchange digital asset. Users select which currency is to be bought or sold and which payment method will be used. The common assumption that bitcoins are stored in a wallet is actually incorrect. Bitcoins are not stored anywhere and bitcoin balances are maintained using public and private “keys,” which are long strings of numbers and letters linked through the mathematical encryption algorithm used to create them. The public key, analogous to an international bank account number, is the address published to the world, and to which others may send bitcoins. The private key, similar to a bank PIN number should be a guarded secret and only used to authorise bitcoin transmissions. Safeguards for a Bitcoin wallet include encrypting the wallet with a strong password and choosing the cold storage option; that is, storing it offline. Although Bitcoin is homogenous, BTC’S price varies across countries and even exchanges within the same country, giving rise to arbitrage opportunities. The number of places where Bitcoins can be spent is rapidly increasing rapidly. And the increased acceptance of Bitcoin is boosting its footprint across the globe and helping to secure official recognition as a legitimate mode of payment.

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Crypto bulls hail Facebook’s reported move into digital assets as a key moment in tech history/ bitseven,poloniex,bitfinex,bitmex, bitcoin exchange, bitcoin margin trading, bithumb

The digital currency industry is fired up about Facebook’s cryptocurrency efforts. Bitcoin bulls say the tech giant’s stamp of approval would legitimize the space, make it easier to buy other digital assets, and spark major financial institutions to get out of “wait and see” mode. “Facebook’s efforts in the space has the potential to be one of, if not the most significant external catalysts for bitcoin and crypto adoption in the technology’s history,” said Spencer Bogart, general partner at San Francisco-based investment firm Blockchain Capital. Several news outlets including Bloomberg and the Wall Street Journal have reported that the company has been building its own digital currency for users to trade and spend through Facebook Messenger and WhatsApp. Some reports say Facebook is set to announce its plans this week, helping bitcoin rally above $9,000 to more than a one-year high. Facebook shares also jumped more than 3 percent Monday ahead of the expected announcement. The social network hired former PayPal executive David Marcus to begin exploring opportunities with blockchain, the technology behind bitcoin and other cryptocurrencies. As it approaches a public release, there are now more than 100 people working on the project, according to information on LinkedIn, and Facebook is still expanding the team. The Information reported that Facebook is also planning physical, ATM-like machines where users can buy the currency and that company employees will be able to collect salary in the form of new currency. Lowering the barrier One side effect of Facebook’s entrance to the market would be an easier entry point for the average person to buy cryptocurrencies. Right now, bitcoin and others can be bought on exchanges like Coinbase or Gemini, or through some consumer finance apps like Square Cash and Robinhood. One of the biggest friction points is transitioning from dollars, or another global currency, to digital assets. But once someone is on-boarded to the world of digital assets, there’s comparatively less hassle in moving from one asset like Facebook’s, to another, like bitcoin, Blockchain Capital’s Spencer Bogart said. “Given Facebook’s distribution, the seriousness of their crypto effort, and the caliber of the partners they’re working with, they have a significant chance of onboarding much of the world to digital assets,” he told CNBC. Barry Silbert, an early bitcoin backer and founder and CEO Digital Currency Group, said the launch of Facebook’s cryptocurrency “will go down in history as THE catalyst that propelled digital assets (including bitcoin) to mass global consumer adoption” and will be remembered as “just as important -- and transformative -- as the launch of the Netscape browser.” Legitimizing crypto Bitcoin itself was formed as a way to bypass traditional financial rails. It first made international headlines after Tokyo-based bitcoin exchange Mt. Gox experienced a series of hacks and was later effectively frozen out of the U.S. banking system for regulatory issues and by 2013 shut down and filed for bankruptcy protection. Dark web marketplace Silk Road used bitcoin to facilitate transactions for guns, drugs and other illicit goods and was shut down in 2015. Bitcoin became known as the currency of choice for criminals, which is still how it’s categorized by some who question its use in modern finance. “Early bitcoin and crypto people are viewed as anarchists — many are anti government anti establishment with anti bank rhetoric — that’s why the big financial institutions have been wary of investing and supporting cryptocurrency,” said Jimmy Nguyen, president of the Bitcoin Association. “When you have a big list of institutional players come in, it does provide more legitimacy to this industry.” The first and most famous digital currency sparked mania among retail investors last year and brought it into mainstream finance. Bitcoin hit a high of nearly $20,000 at the end of 2017. Michael Moro, CEO of Genesis Global Trading, said the concept of cryptocurrency became increasingly normalized as that pool of traders grew. Investors are mostly past that “mental hurdle” and see bitcoin as less esoteric and less strange, he said. “I think Facebook coming out with their own coin would make digital currency more familiar to people,” Moro told CNBC in a phone interview. Another question for both bitcoin investors and skeptics was its eventual mainstream use case. Bitcoin was founded as a peer-to-peer payment but has largely taken form as a store of value, or “digital gold” instead. In that sense, Moro said Facebook’s cryptocurrency and bitcoin wouldn’t compete, and “serve two different purposes.” “People have always questioned how mainstream adoption of something like this might come about. Having the retail base that Facebook has certainly helps that,” Moro said. “It’s bullish for cashless society in general.” Nicholas Colas, co-founder of DataTrek research also said the move legitimizes bitcoin. And for every company that’s not a part of Facebook’s so-called Libra project, “there are thousands who are not.” “What technology will they use? Bitcoin is one answer,” Colas said. “The fact that Facebook et al even want to build a crypto currency validates the idea of a decentralized currency/payment system.” Infrastructure Others see this move as motivation for financial institutions to build the necessary rails to support crypto adoption. Fidelity was one of the early entrants by providing custody and trade execution on multiple exchanges for investors such as hedge funds and family offices with a new company called Fidelity Digital Asset Services. “With Facebook and its partners making a concerted push into the space, these financial institutions and payments providers can no longer afford to take a wait-and-see approach, they need to prioritize the buildout of supporting infrastructure now,” Blockchain Capital’s Bogart said. Part of the risk in cryptocurrency investing is how to prevent them from being hacked. Experts say that has largely barred institutions from embracing these digital assets. Facebook’s crypto effort may end up “catalyzing” the build-out of infrastructure like wallets, custody and compliance among large financial institutions and payments providers, Bogart said. Regulatory hurdles U.S. regulators have been hesitant to approve cryptocurrency products like an exchange traded fund, often citing news of hacks and cryptocurrencies’ potential for manipulation. SEC Chairman Jay Clayton said in November that he wants to see better market surveillance and custody for cryptocurrencies before being “comfortable” with a bitcoin ETF. Meanwhile Facebook’s ad model has come under criticism from Washington and privacy advocates for it uses detailed information about users. The social network and other tech giants like Google parent company Alphabet and Amazon are under fire from both sides of the political aisle ahead of the 2020 presidential campaign. The bar is especially high when it comes to financial services and the old Silicon Valley adage “move fast and break things” doesn’t fly with regulators, Genesis’s Michael Moro said. “Privacy and user data is of the utmost concern for anything related to Facebook,” he said. “It’s a hot button topic related to Facebook and I do think there will be questions around that data piece.” Although digital currency transactions can be anonymous, they can be tracked on a distributed ledger by the parties who have access. As a result, those with access to a potential Facebook project could have access to valuable data, said Nguyen, who is also CEO of blockchain company nChain. “It’s complicated because this would create a system with a lot of data — If I were a regulator I would be questioning how they are going to treat the privacy of that data,” he said. “Because it’s Facebook they’re going to be under more regulatory scrutiny.”

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Crypto Exchange Gemini On the Rise After CBS Airs Bitcoin Feature/ bitcoin margin trading,bitseven,bitcoin exchange,FX Margin bitflyer,CoinMarketCap,poloniex,bitfinex

On Sunday morning, the American public got another boost of exposure to Bitcoin (BTC) and crypto assets. Renowned New York-based outlet CBS released an extensive feature on the leading cryptocurrency, interviewing the Winklevoss Twins about their involvement in the space. As a result, the twins’ brainchild, Gemini, has gained some exposure, just as BTC has surged past $9,000 in a jaw-dropping turn of events. >Related Reading: Crypto CEO: Launch of Facebook Libra Could Boost Bitcoin (BTC) Past $10,000 Bitcoin Boosted by CBS On Sunday morning (Father’s Day), CBS aired an eight-minute segment on Bitcoin — the latest time a mainstream outlet has discussed the matter in depth. During the episode of the fittingly-named “Sunday Morning”, CBS contributors sat down with Tyler Winklevoss, Cameron Winklevoss, and Ben Mezrich (author of the “Bitcoin Billionaires”). The twins’ early involvement in Facebook and Bitcoin was discussed, with the anchor mentioning that he isn’t surprised that the so-called “Winklevi” have been at the head of two trends: social media and digital money. Simple Bitcoin concepts were mentioned, with CBS dubbing it “money that works like e-mail” and the twins accentuating that BTC has the potential to surmount gold. The anchor also mentioned Facebook’s impending cryptocurrency. It isn’t clear how many viewers the segment received, but this figure likely ranges in the single-digit millions — not bad. Interestingly, some have come out to criticize the report, which this writer thinks was mostly balanced. Prominent commentator and staunch Bitcoin bull American HODL remarked that the fact CBS claims BTC is “slippery and incomprehensible” is a bit irresponsible, in that the outlet is pushing “FUD” if you will. You see, as HODL explains, “just because you can’t comprehend it, doesn’t mean everyone can’t. Believe it or not, some of us actually get what’s happening here.” Gemini on the Rise Seemingly as a direct result of this extensive report and Bitcoin rallying past $8,800 and $9,200 in rapid succession, regulated crypto exchange Gemini, which the Winklevoss Twins founded, has seen a nice spike in interest from the American public. As spotted by twin Cameron, the Gemini mobile app is “about to break into the top 20” in the Apple App Store for “Finance” applications. This follows news that the Bitcoin-friendly Square Cash is on the top of the App Store, and the terms “Blockchain” and “Coinbase” have trended on the marketplace’s search bar. Mainstream Exposure is Back for Crypto This comes shortly after CBS’ “60 Minutes”, a world-renowned television program known for tackling tough issues and covering key trends, covered Bitcoin. In that segment, hosted by legendary television personality Anderson Cooper, CBS met with Federal Reserve Governor Lael Brainard; MIT Media Lab’s Digital Currency Initiative’s Neha Narula; cryptocurrency entrepreneur Marco Streng, who heads Genesis Mining; the ‘Bitcoin pizza guy’; and BitInstant founder and Winklevoss Twins collaborator Charlie Shrem to gain a fleshed out understanding of the nuances of the industry.

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Hodler’s Digest, June 10–16: Top Stories, Price Movements, Quotes and FUD of the Week/ bitcoin exchange, bitcoin margin trading,bitseven,bitcoin exchange

Top Stories This Week CCN casts doubt on shutdown plans as Google appears to correct visibility Cryptocurrency news outlet CCN (formerly CryptoCoinsNews) is apparently not going through with its total shutdown, as reported earlier this week. The outlet had previously posted a note that a recent Google Core Update had led to a more than 70% visibility drop on mobile overnight, leading the organization to decide to shut down rather than downsize. However, an update this week from CCN Markets Director Jonas Borchgrevink notes that, for an unexplained reason, the crypto outlet’s old domain name, CryptoCoinNews, has been showing up with new 2019 articles on Google, leading the team to decide to keep working. Theories about the visibility drop, which affected other news outlets, have ranged from it being a block of clickbait titles or a ban on conservative outlets by an allegedly “liberal” Google. U.S. residents will lose access to many altcoins on Binance starting in September United States residents who use major crypto exchange Binance will lose trading option access for many cryptocurrencies when the exchange puts into action its updated terms of service this September. As reported this week, Binance updated its terms of service to include trading on the platform for U.S. residents, a change that comes shortly after its announcement of a U.S.-exclusive fiat-to-crypto exchange. According to a table created by CryptoPotato, there are a number of cryptos that will no longer have a trading outlet in the U.S., as well as several tokens that will be listed on only one exchange after Binance closes for U.S. residents. However, veteran cryptocurrencies — including XRP, DASH, XLM, ETC and ZRX — will still be listed on four or more other U.S. exchanges. Sale of Telegram’s token “gram” on exchange Liquid is not official: Source The announcement this week from crypto exchange platform Liquid that it would be offering encrypted messenger Telegram’s token, gram, in a sale is not officially connected with Telegram, according to a source close to the messaging app. As Cointelegraph had reported earlier this week, Liquid had said that it would be the representative of gram tokens for Gram Asia, which it called the largest holder of the token in Asia. However, in comments to Cointelegraph, a source close to Telegram noted that it was the first time that it had heard of Gram Asia. In separate comments, an investor in Telegram’s token told Cointelegraph that no one has rights to sell the tokens before its official launch. Liquid CEO Mike Kayamori told Cointelegraph that the public sale is the result of an exclusive agreement between Liquid and Gram Asia, without the direct involvement of Telegram. Bitcoin generates more carbon emissions than some countries, study warns According to a new report published in the journal Joule, the carbon emissions generated by bitcoin (BTC) are comparable to the whole of Kansas City. According to Christian Stoll, one of the project’s researchers, the energy consumption used in mining the largest cryptocurrency is only growing, noting that the computing power needed to solve a BTC puzzle has more than quadrupled since last year. The study was based on data from IPO filings and IP addresses of some of the largest mining companies, finding that bitcoin is placed around Jordan and Sri Lanka — in international terms — due to its annual emissions of CO2, estimated to be between 22 and 22.9 megatons. Report: Facebook secures support from dozens of new firms for its crypto project According to a report from The Block, Facebook has reportedly secured support from dozens of players in the cryptocurrency and blockchain sector for its upcoming, secretive digital currency. The Wall Street Journal had reported earlier this week that Facebook had allegedly received the backing of $10 million each from firms — including Visa, Mastercard, PayPal and Uber — for the project, dubbed “Libra.” The Block cited further materials, noting that the project’s investors also include venture capital firms Andreessen Horowitz and Union Square Ventures, cryptocurrency exchange Coinbase and nonprofit organizations including Mercy Corps. According to a source speaking to The Block, the company aims to gather 100 members in the governing consortium, with a total planned for $1 billion, including all participants.

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Bitcoin Price Trending Higher as World’s Economic Order Derails/ Cryptocurrency exchange,poloniex,bitfinex,bitmex, bittrex

On the day the US President Donald Trump announced tariffs on more than $300 billion worth of Chinese goods, he unknowingly woke up a bullish trend in a completely unrelated market.

Bitcoin, the world’s leading cryptocurrency, climbed more than 58 percent to hit $9,090 in May 2019, a month which parallelly saw US market’s benchmark indicator, the S&P 500 Index, falling by 6.58 percent — as concerns ascended over the worsening trade war between the US and China. At the same time, the Bitcoin market also performed exponentially better than the Nasdaq, the MSCI EAFE Index, and Oil, as shown in the graph below.

Bitcoin a Proven Hedge against Liquidity Crisis The vast disproportion between the interim sentiments of global markets and bitcoin has prompted many to connect the dots. Grayscale Investments, a US-based asset management firm, in its latest report, highlighted many of bitcoin’s bullish responses to the macroeconomic concerns noted across the past five years. Before the US-China trade war, the cryptocurrency surged impressively amidst Brexit, Greece debt crisis, and events like capital control in China.

“While it is still very early in Bitcoin’s life cycle as an investable asset, we have identified evidence supporting the notion that it can serve as a hedge in a global liquidity crisis, particularly those that result in subsequent currency devaluations,” — wrote Grayscale.

The global market has now shifted its hope to a probably meeting between President Trump and his Chinese counterpart Xi Jinping during this month’s G20 summit in Osaka.

Financial Times reported that Trump is feeling pressure from hundreds of companies and trade associations to negotiate with China. In a joint letter addressed to the US president, retail giants like Walmart, Ikea, Target, and J Crew urged the supremo to not move forward with tariffs on China.

“The additional tariffs will have a significant, negative and long-term impact on American businesses, farmers, families and the US economy,” the 661 signatories urged. “Broadly applied tariffs are not an effective tool to change China’s unfair trade practices. Tariffs are taxes paid directly by US companies…not China”.

Weak Economic Calendar Even though Trump and Jinping bury the hatchet, the move will be less likely to affect bitcoin’s bullish bias in medium-term.

Alex Saunders, the CEO, and co-founder of Nugget News, a YouTube-based cryptocurrency channel, reminded that bitcoin is becoming scarce, pointing to a ‘halving event’ next year that would cut the cryptocurrency’s supply rate by half. Atop that, a section of investors will be more likely to treat bitcoin a hedging instrument against a string of impending economic issues.

“Argentina [is] following Venezuela into hyperinflation,” explained Saunders. “Italy [is] proposing a parallel currency. EU & ECB [are] under stress. Brexit Party [is] rising. US tariffs; China debt/Yuan peg; [and] FED & RBA rate cuts & QE.”

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Bitcoin Suddenly Bounces--Here's Why/ bitmex,bittrex,bithumb,bitcoin price, bitcoin exchange, bitcoin margin trading

Bitcoin, still the largest cryptocurrency by market capitalization by some margin, has been making up ground after being left in the dust by one of it's biggest rivals, litecoin, this week. The bitcoin price is now up more than 5% over the last 24 hour trading period, touching $8,720 on the Luxembourg-based Bitstamp exchange, and putting it once again in touching distance of its year-to-date highs of a little over $9,000 per bitcoin. Bitcoin and cryptocurrency traders and investors have been closely watching the bitcoin price after litecoin, arguably the biggest rival to bitcoin and often known as "the silver to bitcoin's gold," has powered higher over recent weeks. Litecoin has risen by more than 300% so far this year and is up a staggering 43% over the last month alone. Bitcoin, in comparison, is more-or-less flat over the last month, having briefly climbed over $9,000 per bitcoin before falling back a couple of weeks ago. "If litecoin is indeed the leader, let's look out for a bitcoin breakout this week," said Mati Greenspan, senior market analyst at brokerage eToro, via Twitter earlier this week. Cryptocurrency traders are piling into litecoin ahead of a cut to its supply, expected in August. The supply cut, usually well-telegraphed occurrences for major cryptocurrencies, are known as halvenings and see the number of digital tokens awarded to miners reduced by half—slashing supply of the particular coin instantly. The next bitcoin halvening event is currently expected on May 22 next year, though this is subject to change based on the mining power directed towards bitcoin. Earlier this week, a U.S. venture capitalist warned the market is heading for a "supply shock" thanks to next year's closely watched bitcoin halvening event, now just 342 days away.

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Ampleforth Raises $5M in 11 Seconds in Tokinex Exchange Offering/ Cryptocurrency exchange,CoinMarketCap,poloniex,bitfinex,bitmex,bittrex,bithumb,bitcoin price

Ampleforth has raised $4.9 million in 11 seconds in its AMPL token sale, according to an announcement on June 13. The initial exchange offering (IEO) was the first to take place on Ethfinex and Hong Kong-based crypto exchange Bitfinex’s Tokinex platform . An IEO is an alternative to an initial coin offering (ICO) in which a centralized exchange is responsible for vetting the token projects and investors, and then subsequently conducting the initial sale of the token. This IEO, ran by Tokinex, reportedly sold off 10% of Ampleforth’s total token supply, which will be available to its initial investors some time in the next few days. Ampleforth purports to be a token that is balanced around an equilibrium price target, but says that it does not qualify as a stablecoin, at least initially. The cryptocurrency is designed to periodically add or subtract tokens from an investor’s holdings in order to match exchange rate fluctuations, meaning that it has a correspondingly fluctuating market capitalization. This also means that this token is expected to have a low correlation with bitcoin (BTC) compared with other crypto assets, they say. The IEO platform Tokinex first launched back in May. Bitfinex and Ethfinex users can participate in IEOs using funds from their own exchange wallets. The platform also uses Know Your Customer (KYC) processes powered by the Blockpass mobile app for sales and IEOs hosted on the platform.

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Crypto Markets Trade Sideways, Major Stock Indexes Close With Minor Gains/ bitcoin exchange, bitseven,bitcoin exchange,bitcoin price, Cryptocurrency exchange

Thursday, June 13 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all still in the green, seeing minor gains since yesterday. The market as a whole is mostly trading sideways. Bitcoin broke $8,300 today, after trading below $8,000 for part of June 12. At press time, BTC is trading at $8,243 but is still trending up by 1.12% on the day. The top altcoin and number two cryptocurrency, ether, is trading sideways, seeing 24-hour losses under 1% at press time. The coin is trading at $255.92. The third cryptocurrency by market cap Ripple’s XRP has also seen a steady price on the day, seeing only about a 0.51% increase in price. It is currently trading at $.401. Among the top ten cryptocurrencies, both bitcoin cash (BCH) and its fork bitcoin SV (BSV) have managed to make reasonable gains, up 5.38% and 10.82%, respectively. Cardano (ADA) meanwhile, has registered losses of over 5% to trade at $0.09 at press time. Total market cap of the top 100 cryptocurrencies is currently $257.5 billion, according to the data on Coin360’s summary table. As previously reported by Cointelegraph, the CEO of blockchain venture capital firm Digital Currency Group, Barry Silbert, believes that the crypto market is about to transition from winter to spring. Silbert commented earlier in February, however, that he thought most digital tokens would lose their value eventually. He claimed that most tokens introduced via initial coin offerings (ICOs) actually had no solid use to take advantage of. According to data provided by MarketWatch, major stock indexes appear to have performed similarly to crypto assets today on the whole, with the Dow, the S&P 500, and Nasdaq closing with minor gains of 0.39%, 0.41%, and 0.57%, respectively.

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BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA: Price Analysis 12/06/  bitcoin margin trading,bitseven,bitcoin exchange,CoinMarketCap,poloniex

After the recent rally in crypto markets, most analysts believe that the bear market is over. Barry Silbert, Digital Currency Group founder and CEO, opined that the crypto winter is over and the markets have entered a “crypto spring.” Silbert pointed out that institutional involvement has grown a lot since the 2017 bull phase, which is the cause of his bullish stance. Contrary to this opinion, blockchain researcher Tone Vays said that he does not trust the current rally as it is not backed by considerable external money investing in crypto markets. According to him, the existing long-term investors have supported the rally from the lows and if their conviction waivers, the markets can plunge once again. Still, he advises people to hold “some bitcoin.” We believe that the bear market is over and the markets will form a higher base during the next fall. However, we are against chasing prices higher. Instead, we believe that the markets will give enough opportunities to buy on dips. Hence, traders should be patient and buy when the risk to reward ratio is in their favor. Let’s take a look at the charts and see if we find any buying opportunities at current levels. BTC/USD Bitcoin (BTC) has broken out of the 20-day EMA after struggling to sustain above it for the past few days. This shows fresh demand at higher levels. If the price maintains above $8,120, the bulls will try to push it to $9,053.12. A breakout of this level will invalidate the head and shoulders (H&S) pattern, which is a positive sign. The next target to watch on the upside is $10,000. On the other hand, if the BTC/USD pair fails to sustain above the 20-day EMA, the bears will try to sink it to the neckline of the H&S pattern. If the price breaks down and closes (UTC time frame) below the neckline, it will complete the H&S pattern that has a target objective of $5,371.12. However, the bulls might try to provide support close to $7,413.46 and below it at the 50-day SMA. If both these supports break down, a fall to $5,900 is probable where we expect strong buying. Currently, we do not find a reliable buy setup, hence, we do not suggest a trade in it. ETH/USD Ethereum (ETH) is stuck inside a large range of $225.39 and $280. The 20-day EMA is flat and the RSI is just above the midpoint. This suggests that the consolidation might continue for a few more days. The ETH/USD pair has broken out of the 20-day EMA. It will now try to move up to $261.59 and above it to $280. A breakout and close (UTC time frame) above $280 might propel it to $322.06 and above it to $335. However, if the pair fails to break out of $280, the bears will try to sink it back to $225.39. A breakdown of this support and the 50-day SMA will attract further selling. The next support on the downside is way lower at $167.20. We do not find any reliable buy setups at the current levels, hence, we are neutral on the digital currency. XRP/USD The bulls have been trying to keep Ripple (XRP) inside the symmetrical triangle but are facing stiff resistance at the 20-day EMA. For the past two days, the cryptocurrency has formed inside day candlestick pattern, which shows that the volatility is shrinking. Presently, the bulls are trying to push the XRP/USD pair above the 20-day EMA. If successful, a move to $0.43196 and above it to the resistance line of the triangle is possible. Conversely, if the price turns down from the 20-day EMA, the bears will try to sink the pair below the strong support of $0.35660. Therefore, traders holding long position can keep the stop loss at $0.35. LTC/USD Litecoin (LTC) continues to be in a strong uptrend. It easily climbed above the resistance line of the ascending channel, which shows strong demand. Both the moving averages are sloping up and the RSI is in the overbought zone, which confirms that the bulls are in command. There is a minor resistance at $140.3450. If the LTC/USD pair struggles to break out and sustain above it, traders can book partial profits closer to $140 and trail the remaining long position with stops just below the 20-day EMA. As the moving average moves up, stops can be raised higher. The target to watch on the upside is $158.91 and above it $184.7940. The digital currency will lose momentum if it turns down and slides back into the ascending channel. A break below the 20-day EMA will be a negative sign and can attract further selling. BCH/USD Bitcoin Cash (BCH) has been clinging to the 20-day EMA for the past few days. We should soon see a large range move either to the upside or to the downside. A breakout and close (UTC time frame) above the 20-day EMA can carry the price to $451 and above it to the resistance line of the ascending channel. On the other hand, if the BCH/USD pair turns down and breaks below the 50-day SMA, it can correct to the support line of the channel. We anticipate strong buying at this level. If the price rebounds sharply from it, we might suggest a long position. The stop loss can be kept just below the channel. However, if the pair plunges below the channel, it will turn negative and can drop to $280. EOS/USD EOS is finding support at the 50-day SMA, which is sloping up and is facing resistance at the 20-day EMA, which has started to turn down. This shows that volatility is tightening. We should soon see the volatility expand. However, it is difficult to predict the direction of the expansion. Hence, we can not take any predetermined action. If volatility expands to the upside and the EOS/USD pair climbs above the 20-day EMA and $6.8299, it can move up to the resistance line of the channel and above it to $8.6503. As the risk to reward ratio of this trade is attractive, we maintain the buy proposed in an earlier analysis. On the other hand, if the bears sink the pair below the 50-day SMA, it can drop to the support line of the channel. If this breaks down, a fall to $4.4930 is probable. BNB/USD Binance Coin (BNB) has broken out of the downtrend line and has triggered the buy recommendation given in the previous analysis. It can now move up to $38.6463356 and above it to the resistance line. If the bulls can push the price above the resistance line, a rally to $46.1645899 is possible. Both the moving averages are sloping up and the RSI is in positive territory, which shows that bulls have the upper hand. Contrary to our assumption, if the BNB/USD pair fails to sustain above the downtrend line the bears will try to sink it below the 20-day EMA. If successful, the next stop on the downside is the 50-day SMA. This has acted as strong support in the past few months, hence, we expect it to hold. Therefore, the stops on the long positions can be kept at $28. BSV/USD Bitcoin SV (BSV) has been holding above the 38.2% Fibonacci retracement level of the recent rally for the past three days. Though this is a positive sign, the failure of the bulls to secure a strong bounce shows a lack of buyers at higher levels. If the bears plunge the BSV/USD pair below $176.083 and the 20-day EMA, the uptrend will lose momentum. The next support is at $152.015, which is 50% retracement level of the recent rally. If this support also gives way, the fall can extend to $134.360. Contrary to our assumption, if the pair rebounds sharply from the current levels or from the 20-day EMA, the bulls will try to carry it to $240, above which a retest of the lifetime highs is probable. The digital currency will pick up momentum after it sustains above $254. XLM/USD Stellar (XLM) is facing stiff resistance at the 20-day EMA. If the bulls fail to sustain the price above the 20-day EMA, the bears will try to sink it below the strong support of $0.11507853. If the XLM/USD pair breaks down of $0.11507853, it can correct to $0.08558676, but if the bulls succeed in pushing the pair above the 20-day EMA, it can rally to $0.14861760. This is a critical resistance. A breakout and close (UTC time frame) above this level will complete an inverse H&S pattern that has a target objective of $0.22466773. We will wait for the price to sustain above $0.14861760 before proposing a trade in it. ADA/USD Cardano (ADA) is range-bound between the 50-day SMA and $0.10. It sharply bounced off the 50-day SMA on June 10 and is nearing the overhead resistance of $0.10. A breakout and close above $0.10 will complete the rounding bottom pattern that has a target objective of $0.22466773. Previously, the cryptocurrency had broken out of $0.10 on three occasions but failed to sustain it. Therefore, we will wait for the price to break out and close (UTC time frame) above $0.10 before suggesting a long position in it. If, however, the ADA/USD pair fails to breakout and sustain above $0.10, it will extend its stay inside the range for a few more days. It will turn negative if it reverses direction and plummets below the 50-day SMA. The next target to watch on the downside is $0.057898.

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Major Cryptocurrencies in The Green as Bitcoin Rallies Over $8,100/ Cryptocurrency exchange,CoinMarketCap,poloniex,bitfinex

Wednesday, June 12 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all in the green. Cryptocurrencies on the whole are trending up today, according to data provided by Coin360. After peaking around $9,000 in May, BTC crashed down to under $8,000 but seems to be slowly recovering. BTC was trading just shy of $8,000 earlier today, and is now trading at $8,130 at press time. Overall, the top cryptocurrency is up by approximately 2.72% over teh past 24 hours at press time. Top altcoin and number two cryptocurrency ether is trending up by over 6%, and has recovered to trade at $260 at press time. Ether, the market capitalization of which is currently $27.7 billion, dipped to $229.32 earlier this week. The third token by market cap, XRP, has also seen a moderate gain on the day, trading at $.401 and trending up by approximately 1.90%. Overall, XRP has seen much less substantial gains than bitcoin and ether on the day. Total market cap of the top 100 cryptocurrencies is currently $250.6 billion according to the data on Coin360’s summary table. As previously reported by Cointelegraph, the CEO of blockchain venture capital firm Digital Currency Group (DCG), Barry Silbert, says that crypto price trends indicate that the crypto bear market may be finished for now. Bitcoin price analyst Oliver Isaacs has remained bullish on BTC despite its recent decline, predicting that it will rally up to $25,000 by late 2019 or early 2020. Silbert and Isaacs separately commented on institutional adoption as a reason to remain optimistic about crypto’s near future. Silbert commented on insurance giant Fidelity’s recent BTC custody option, while Isaacs pointed to corporate giants such as Microsoft, Amazon, Starbucks and Whole Foods who now have cryptocurrency payments options available to the public.

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Bitcoin: After Failing to Break Above $8k, Analysts Believe BTC’s Price May Stagnate/ bitcoin exchange, bitcoin margin trading,bitseven,bitcoin exchange

Bitcoin has once again failed to break back into the $8,000 region, signaling that this price level will remain a level of resistance for the foreseeable future. Importantly, BTC has still been able to hold above $7,600, which appears to have become a strong level of support for the cryptocurrency. Now, analysts believe that Bitcoin may be finding itself in a relatively tight trading range that may continue to persist for the time being, which may signal that the volatility that the markets have been experiencing as of late is coming to an end for the time being. Bitcoin Continues Finding Support Around $7,600 Despite Increasing Selling Pressure At the time of writing, Bitcoin is trading down nearly 2% at its current price of $7,800, down slightly from 24-hour highs of just over $8,000. While looking at BTC’s price action over the past week, it is clear that the cryptocurrency is currently in between two firmly established levels of support and resistance, as it has been oscillating between $7,600 and $8,000, which may turn into a long-term trading range that persists for the near future. The Wolf of All Streets, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that he believes Bitcoin may find itself caught between the aforementioned trading range for the foreseeable future as it enters “full sideways mode.” “$BTC Go outside, enjoy your day. Set alarms for the top and bottom of this range. We are in full sideways mode, as price just bounced right off of the EQ of this range,” he explained. Analyst: BTC Faces Multiple Levels of Strong Resistance Above $8,000 Although $8,000 is the key resistance level that analysts are closely watching for the time being, there are multiple other levels of resistance that exist just above this price that may require a significant influx of buying pressure to be broken above. Josh Rager, another popular crypto analyst on Twitter, discussed these resistance levels in a recent tweet, explaining that the bullishness of a move above $8,000 may be tempered by resistance around $8,200. “$BTC Update: The new resistance to look at is $8017 for Bitcoin. With a close above here, it has a chance to then push and close above $8200 which would be bullish to move to $8550’s. Mid-channel is currently holding as support. Close below $7600 is bearish (4 hr chart),” Rager explained. As the week drags on and Bitcoin continues to bounce between the aforementioned levels of support and resistance, it is likely that traders will begin gaining better insight into whether or not the markets will be able to further extend their upwards momentum throughout the Summer months. Bitcoin leveraged trade at 100x leverage maximum, 100% profit at 1% price raise Make a profit whether the bitcoin price rises or falls BITSEVEN BITCOIN LEVERAGE TRADING YOU CAN TRUST 

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$150 Million in Freshly Printed Tether To Cause Bitcoin Price to Surge/ bitcoin exchange,CoinMarketCap,poloniex,bitfinex

Tether’s effect on the crypto market at large cannot be understated. Not only does the fiat-backed stablecoin act as a safe haven asset during downtrends and crashes, in the past sentiment surrounding Tether has had an enormous impact on Bitcoin price. In the past, Tether turmoil has led to massive increases in Bitcoin price and the value of other crypto assets, as capital held in Tether outflows back into other cryptocurrencies. The overall market cap of Tether also appears to act as a magnet for Bitcoin price, with the price of the digital asset increasing sharply whenever new Tether is injected into the crypto market. With yet another half-a-billion dollars worth of Tether market cap added to the crypto market since mid-May, another Bitcoin price surge may also be ahead. Bitcoin Price Growth Correlates Closely With Tether Market Cap Increases There’s no denying Tether’s influence over the entire crypto space. Not only is it the leading stablecoin, and the only stablecoin in the top ten cryptocurrencies by market cap, it’s also become the crypto trader’s first choice to hedge against falling cryptocurrency prices. Traders will exchange Bitcoin and other cryptocurrencies like Ethereum, Ripple, or Litecoin for Tether when they expect prices to fall. Due to Tether’s value being tied 1:1 to the U.S. dollar, its value stays relatively stable, preventing extensive losses from holding the volatile assets. It also has shown some correlation to Bitcoin in a highly unusual way. Each time the Tether treasury mints new Tether, Bitcoin’s price climbs. The correlation began, as crypto analyst FilbFilb, points out, prior to the massive plunge through $6,000 that brought Bitcoin to its bear market low. Just ahead of that bear market low, Tether’s market cap also hit the lowest point since February 2018. The last time the crypto analyst pointed out fresh Tether printing, was back in late April when the Tether treasury minted another $300 million of the stablecoin. This appeared to be the trigger that took Bitcoin price back above $6,000 and climbed higher towards $9,000 where it’s consolidating below. Since mid-May when Bitcoin first broke above $8,000, another $500 million in Tether have been added to the market, with $150 million of it printed just today. The “fresh” printed Tether, could potentially be the catalyst to take Bitcoin above $10,000 – the area that’s expected to be a massive FOMO trigger. It’s not known why new Tether has this effect on Bitcoin price, however, the stablecoin was at the center of a market manipulation investigation by the Department of Justice, so anything is possible. Much controversy surrounds the stablecoin and its parent company – which also is the parent company of crypto exchange Bitfinex – was recently accused by the New York Attorney General’s office of covering up a loss of $850 million at the hands of a capital management company, by using funds reserved for Tether backing.

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Despite Warnings of Analyst For Fall to $6,100, Bitcoin Surges Above $8k/ bitcoin exchange,poloniex,bitfinex,bitmex,bittrex

The bitcoin price has dropped by as much as 18 percent from its 2019 high of $9,090. And it could lose more value in the coming 20 days, according to an analysis provided by a cryptocurrency analyst.

Mr. Teddy Cleps of Crypto Freak Network said on Monday that the bitcoin price historically contacted its 21-weekly exponential moving average (EMA) in every 70-to-90 days.

On the 70th day since the last contact, bitcoin was trending almost a thousand dollar above the EMA in concern, which means the cryptocurrency has approximately 20 more days to plunge and retest it. Meanwhile, the EMA (represented via a green curve) has adjusted somewhere near $6,100, as shown in the chart below.

“Any trend regardless of the bias has to retrace and confirm the direction by bouncing off a key moving average ( 21ema here) – very healthy for the trend,” said Cleps. “It has been 70 days since the last contact – historically it ranges between 70 and 90.”

The statement came hours ahead of the latest bitcoin price push above $8,000. At 1200 UTC today, the BTC/USD rate settled a session high towards $8,090, only to correct to the downside later. At the press time, bitcoin was trading at $7944, awaiting a push to sight bull targets above $8,300.

Parallel Theories In May, bitcoin jumped by about 60 percent, marking its best monthly performance since December 2017. Ahead of the month’s close, the cryptocurrency surged to $9,090 but fell more than 11-percent in a matter of minutes. The super volatile move quickly transformed into an intense selling action, that brought the bitcoin price as low as $7,427 on Coinbase on June 4.

Tuur Demeester, the founding partner of Adamant Capital, noted that the cryptocurrency had not found concrete support to start a new rally. The analyst wrote in his latest blog that bitcoin is initially looking to retrace by as much as 44 percent from its session top of $9,000. He backed his prediction by a Relative Unrealized Profits & Losses indicator, which compared bitcoin investors’ total profit and losses with the asset’s price action

“Should $9,000 prove the top (which is not a given) and if then we’d see a 2012-style correction repeated, we would expect after an initial crash to see bitcoin trade in a range between $6,800 and $7,680 (27–44% retrace of the rally),” wrote Demeester.

Would Bitcoin Upside Continue? While the technicals have their ways to explain a bitcoin plunge, the fundamentally-driven bitcoin bulls believe that the cryptocurrency would touch a six-figure valuation this year.

Brian Kelly, the chief executive of digital currency investment firm BKCM LLC, told CNBC that bitcoin is at the beginning of a broader price rally. He said that miners are preferring to hoard more bitcoins instead of passing it down to the market for circulation.

The reason why the global mining community has become so bullish is an event that would reduce the supply of bitcoins by half next year. According to Kelly, a reduction in stock against a rising demand is simple economics to prove that the asset rate would grow higher.

“Every time the supply of bitcoin cut in half, you have a rally that goes into it, and a rally that goes out of it. We’re just at the beginning of that stage,” said Kelly.

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BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA: Price Analysis 10/06/ bitcoin exchange,Cryptocurrency exchange,FX Margin bitflyer,CoinMarketCap,poloniex,bitfinex

In a joint communiqué, G20 finance ministers and central bank governors have said that “technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy.” This statement suggests that central banks are warming up to the new technology. However, they have also warned regulatory authorities to monitor risks in crypto assets “related to consumer and investor protection, anti-money laundering and countering the financing of terrorism.” With Facebook likely to announce the details of its crypto project in a few days, we believe that the downside is limited in the short term. However, if the project disappoints, we might see a decent sized correction in cryptocurrencies that can be used as a buying opportunity. If the details positively surprise markets, we might see a spike in most major cryptocurrencies that can be used to lighten up positions, because we do not expect a repeat of 2017. If the project only meets expectations, even then we might see a correction play out. Which cryptocurrencies look good for a short-term trade? Let us find out. BTC/USD The bulls failed to push Bitcoin (BTC) above the 20-day EMA on June 7 and 8. Currently, the price has again bounced off the neckline of the head and shoulders (H&S) pattern and is trying to scale the 20-day EMA. This is a positive sign. The 20-day EMA is flat and the RSI is just above the center. This points to a consolidation in the short term. The range might be between $7,413.46 and $9,000. If the bulls push the price above the 20-day EMA, a rally to $9,000 is probable. However, if the BTC/USD pair reverses direction from the overhead resistance and plummets below the neckline, it will complete a head and shoulders pattern that has a target objective of $5,371.12. It is unlikely that the pair will dive to such a low level. There are strong supports at the 50-day SMA and below it at $5,900. We expect buying to emerge at these support levels. Currently, we do not find any reliable buy setups. ETH/USD Ethereum (ETH) is range bound. It has currently dropped to the bottom of the $225.39–$280 range. The bulls are attempting to bounce off $225.39. If successful, the price will try to move up to the top of the range at $280 and the consolidation might extend for a few more days. The 20-day EMA is flat and the RSI is close to the center. This suggests a balance between the bears and the bulls. If the ETH/USD pair breaks down of the range and the 50-day SMA, a fall to $167.20 is possible. Short-term traders can wait for the pair to break out and sustain above the 20-day EMA for about 4 hours before buying with a stop loss of $220. The target is to book profits near the top of the range. Trading inside the range can be volatile, therefore, keep the position size only about 30% of usual. XRP/USD Ripple (XRP) broke down of the symmetrical triangle on June 9. A breakdown of this pattern has a target objective of $0.26741. However, the bulls are currently attempting to push the price back into the triangle. If successful, the breakdown will be considered a bear trap. If the price fails to scale back into the triangle, it might turn around and drop to the next critical support of $0.35660. We anticipate strong buying at this level but if this support also cracks, a decline to $0.27795 will be in the cards. Our bearish view will be invalidated if the XRP/USD pair rises and sustains above the trendline of the symmetrical triangle. This will prolong the stay inside the triangle. The flattish 20-day EMA and the RSI close to the midpoint suggests a consolidation. The trend will turn positive on a breakout and close (UTC time) above the triangle. For now, the traders can maintain the stop loss on the long position at $0.35. We will raise the stop loss at the first available opportunity. LTC/USD Litecoin (LTC) is in an uptrend. The price is attempting to break out of the resistance line of the ascending channel. A breakout can carry the price towards the pattern target of $158.91. If this level is crossed, the next level to watch is $184.7940. If the bulls fail to push the price above the channel, the LTC/USD pair might continue to move up inside the channel. The momentum will weaken on a breakdown of the 20-day EMA and the trend will turn bearish if the price plunges below the critical support of $91. Traders can watch the price action near the resistance line of the channel closely. If the pair struggles to break out of it, the stops can be tightened further. For now, we suggest trailing the stops on remaining long positions to $98. BCH/USD Bitcoin Cash (BCH) is in a weak uptrend. The 20-day EMA is gradually sloping down and the RSI is close to the center. This suggests that bears are trying to gain an upper hand. A breakdown of the 50-day SMA and the support line of the channel will indicate a trend change. On the other hand, if the BCH/USD pair rises above the 20-day EMA, the bulls will again try to push it back towards the resistance line of the channel. A breakout of the channel will propel the pair to $480. Though positive, we do not find a reliable buy setup, hence, we are not proposing a trade in it. EOS/USD EOS has been trading inside the ascending channel, which suggests that the trend is up. However, the short-term trend has weakened as the price has stayed below the 20-day EMA for the past 6 days and the RSI has also fallen below 50. The medium-term trend, nevertheless, remains bullish as the 50-day SMA is still sloping up. If the EOS/USD pair bounces off the 50-day SMA and ascends the overhead resistance of $6.8299, it will indicate strength. The next stop is the resistance line of the channel and above it $8.6503. Therefore, we retain the buy recommendation given in the previous analysis. Our bullish view will be negated if the pair fails to hold the 50-day SMA and the support line of the ascending channel. That can result in a drop to $4.4930. BNB/USD Binance Coin (BNB) has been in a strong uptrend. The current pullback has found support just below the 20-day EMA. This shows that the bulls are buying on dips. A breakout of the downtrend line is likely to resume the uptrend and propel the price to lifetime highs. Short-term traders can buy if the price sustains above $33 for four hours. The stop loss can be kept at $28. Please keep the position size about 50% of usual. If the momentum picks up, the cryptocurrency can even extend the rally to $46.1645899. However, as this is a short-term trade, traders should keep trailing the stops higher to reduce the risk. On the other hand, if the BNB/USD pair fails to sustain above the downtrend line, it can form a range. The support of the range might be closer to $28, but we still do not know the resistance. The trend will turn negative if the pair plunges and sustains below the 50-day SMA. BSV/USD Bitcoin SV (BSV) is presently in a pullback in an uptrend. The bulls are trying to defend 38.2% Fibonacci retracement level of the recent rally. If successful, the cryptocurrency might remain range bound between $175 and $240 for the next few days. A consolidation near the highs is a positive sign. This shows that the bulls are in no hurry to book profits even after a vertical rally. The uptrend will resume on a breakout to new highs. Such a move can carry the BSV/USD pair $307.789 and above it to $340.248. However, if the bears sink the pair below $175, it can decline to $152.015, which is the 50% retracement level of the recent rally. A breakdown of this support will signal a change in trend. We do not find a reliable buy setup so we do not suggest a trade in it. XLM/USD Stellar (XLM) is struggling to sustain the bounce from the strong support of $0.11507853. This shows a lack of demand at higher levels. If the bulls push the price above the 20-day EMA, the cryptocurrency might trade inside the $0.11507853–$0.14861760 range for a few days. The XLM/USD pair will complete an inverse head and shoulders pattern on a breakout and close (UTC time frame) above $0.14861760 that has a minimum target objective of $0.22466773. Therefore, we might suggest long positions if the pair sustains the breakout. But if the bears sink the cryptocurrency below $0.11507853, it can correct to $0.08558676. ADA/USD Cardano (ADA) is currently range bound between the 50-day SMA and $0.10. Both the moving averages are flat and the RSI is at the midpoint. This suggests a balance between buyers and sellers. The bulls have been attempting to keep the price above the 50-day SMA for the past few days. Though the support has held, the cryptocurrency has failed to sustain the bounce. This shows a lack of demand at higher levels. If the bulls push the price above the 20-day EMA, the ADA/USD pair might move up to $0.10. A breakout and close (UTC time frame) above $0.10 will complete a rounding bottom formation that has a target objective of $0.22466773. We might suggest long positions after the price sustains above $0.10. On the contrary, if the support at the 50-day SMA gives way, the digital currency can dip to $0.057898.

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Binance DEX: Navigating Country-Specific Cryptocurrency Trading Restrictions/  bitcoin margin trading,bitseven,bitcoin exchange

At the start of June 2019, reports emerged that Binance DEX’s website was blocking users with IP addresses from 29 countries. This news immediately caused confusion with some commentators, using it as an opportunity to reaffirm their stance that Binance DEX is not truly a decentralized exchange (DEX). However, as it turned out, the initial reports were somewhat inaccurate, as the geoblocking only applied to Binance.org — the website for the DEX platform. Traders could still access the DEX via some supported wallet apps, bypassing the need to go through the website to reach the DEX service. Responding to the issue, Changpeng Zhao, the CEO of Binance, advocated for the use of virtual private networks (VPNs) to bypass such restrictions. However, some commentators say using VPNs increases the burden for traders who might prefer to utilize other platforms that do not come with such encumbrances. Also, there is the little matter of VPNs being against the Binance DEX terms of service (ToS). From the perspective of United States-based traders, being geoblocked from Binance.org might see them move to U.S.-regulated trading avenues, which seem to be shrinking by that day. Back in May 2019, Poloniex had to block trading for its U.S. customers on nine cryptocurrency tokens, including ardor (ARDR), augur (REP) and NXT. 29 nations geoblocked from Binance.org Traders from the U.S. and 28 other countries will, as of July 1, 2019, be unable to access the Binance DEX platform via its website — Binance.org. This restriction, according to a pop-up that appears on the website, covers users whose IP addresses are from the affected countries. With the impending restriction, Binance has advised traders in the 29 countries to consider using wallet apps that support access to the DEX without having to go through the website. These wallets include Trust Wallet, Coinomi, Atomic Wallet and the Ledger hardware wallet, to mention a few. While the company does offer alternatives to traders in the geofenced countries, it provides yet another worry for traders in jurisdictions like the U.S., where trading avenues seem to be shrinking. The lack of clarity from U.S. regulators as to whether ICO tokens are to be considered as securities means that exchanges listing such tokens might have to blacklist American traders. Already, the Poloniex exchange announced back in May 2019 that U.S. traders would no longer be able to trade nine tokens on its platform. Announcing via Twitter on June 7, 2019, Bittrex, another cryptocurrency exchange, said it would be geofencing as many 32 assets from its U.S. customer base. The Seattle-based platform also identified regulatory uncertainties in the country as the reason for its decision. Just like Bittrex, it seems Binance is also seeing the results of trying to offer services to U.S.-based traders in this current regulatory landscape. As part of its Twitter announcement, Bittrex declared: “International markets provide the greatest opportunity for growth and the lowest risk of regulatory uncertainty. We will continue to advocate for laws and regulations that foster innovation.” Despite concerted efforts from many stakeholders, the country’s Securities and Exchange Commission (SEC) hasn’t loosened its strict stance on what constitutes a security with regard to cryptocurrencies. Some members of the country’s legislature are currently working on the modalities for a bill to provide an exemption for digital tokens from securities regulation. In the meantime, traders from the U.S. and all the other affected countries would have to try their hands on the suggested wallets. Some may yet switch to U.S.-regulated platforms, even if it means having fewer trading options. The other alternative for such traders is to use a VPN service to bypass IP restrictions. Even Zhao encouraged users to consider this, calling them a necessity in a tweet published on June 3, 2019: Binance DEX ToS: VPNs and the decentralization debate VPNs allow users to establish secure connections to a server, which can be useful for shielding one’s digital footprint from prying eyes. However, the most popular use case for VPNs is arguably to bypass geoblocked websites and other forms of internet censorship. Thus, it doesn’t appear out of order to consider using VPNs to circumvent such restrictions as imposed by Binance. However, there is a slight wrinkle, as the use of VPNs is prohibited in the Binance DEX ToS. Article 6.8 and 6.9 of the document under section 6, which deals with “prohibited uses,” reads: “You may not: [...] where you are a resident or national of a Prohibited Jurisdiction or a U.S. Person, access the Site or any Services using any virtual private network, proxy service, or any other third-party service, network, or product with the intent of disguising your IP address or location.” The Binance DEX document goes on to state that if the platform determines that a user has flouted such a rule, it reserve the right to address such prohibited use. So, why then would the likes of Zhao encourage the use of VPNs when they are clearly forbidden by the ToS? Cointelegraph reached out to Binance for clarification on the matter but is yet to receive any response as of press time. What happens when traders in the 29 countries who prefer to use VPNs rather than access the DEX via supported wallet apps begin doing so? Would they face any negative repercussions in the form of account suspensions or bans? Perhaps traders from the affected countries would do well to tread cautiously in this regard and maybe stick with platforms regulated in the country, or avail themselves by using one of the suggested wallet apps. Examining the ToS document also throws up some other issues, chief of which lies in article 2 — “liquidity and listing risk” under the “risk disclosure” portion. This particular portion of the ToS reads: “Markets for Digital Tokens have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade Digital Tokens or products derived from or ancillary to them. Furthermore, any market for tokens may abruptly appear and vanish. Binance makes no representations or warranties about whether a Digital Token that may be traded on or through the Site may be traded on or through the Site any point in the future, if at all. Any Digital Token is subject to delisting without notice or consent.” The most important part from this is the final sentence, which says tokens can be “delisted without notice or consent.” Such a proviso hardly signals decentralization and calls into question the validity of the assertion that Binance DEX is truly decentralized. Presently, centralized platforms dominate the cryptocurrency exchange space. Some commentators point to the difficult user interface employed by decentralized platforms as part of the reason why they have yet to see widespread adoption. Cryptocurrency purists will, however, continue to advocate for decentralized exchanges for a number of reasons, such as their robust security and censorship resistance. A well-realized DEX network could also result in far cheaper trading than currently offered by their centralized counterparts due to the absence of any third party. One other major pain point of cryptocurrency trading is the increasing insistence on Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols by regulators in different jurisdictions, which Binance has seemingly been incorporating on its DEX platform. However, as DEX platforms usually do not support conversions to fiat currency, it should not be the case that such a proviso is relevant to their operations.

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Crypto Ratings Agency Downgrades EOS For “Serious Centralization Problems”/FX Margin bitflyer,CoinMarketCap,poloniex,bitfinex,bitmex,bittrex,bithumb,bitcoin price

When Bitcoin was first brought to the table, it was a revolution in crypto and programming. Satoshi Nakamoto proposed the first digital asset that was decentralized, codable, and not tied to any traditional asset. Since then, many entrepreneurs and technologists have tried to use Satoshi’s concepts to build new products. While many altcoins are spiritual descendants of BTC, sporting similar mining algorithms or cryptoeconomics, some are entirely different. EOS is one of these altcoins. The blockchain, created by the Cayman Islands-based Block.one, uses a delegated proof of stake system rather than mining, disallowing anyone to run a validating node. This has understandably led to some controversy, especially in a community predicated on decentralization and disintermediation. Crypto Ratings Slams EOS In a recent tweet, Weiss Ratings, an investment advisory/research group that has taken a liking to crypto assets, slammed EOS. As seen below, the agency stated that it believes EOS has “serious problems with centralization”, and thus it has been mandated to “severely degrade its technology score.” As seen on the company’s website, EOS’s technology score is now an A-minus. This is seemingly in reference to the fact that at last week’s Block.one event, which was held to be the one-year anniversary of the launch of EOS, nothing was announced to increase decentralization. The blockchain developer also announced a new protocol, which they state will make the chain eight times faster than it currently is. The odd thing about this is that earlier this year, Weiss was all for EOS. As reported by NewsBTC previously, Weiss claimed in a report that EOS was challenging Ethereum to become the “backbone of the new internet”, citing the former’s countless applications and mass user base. And thus, it was given one of the highest scores, even ousting Bitcoin, Cardano, Litecoin, Stellar Lumens, and other projects. As a result, some have questioned this latest shift in rating. Block.one Launches Voice to Drive Adoption This aside, Block.one has recently made a number of strides. Brendan Blumer, the chief executive of Block.one, remarked last week: “You just can’t read a house when the foundation is crumbling. Social media was created to use its users. Right now, it’s the companies, not the users that reap the rewards. They auction our data to the highest bidder and flood our feeds with hidden agendas… We’re leveraging the EOS blockchain to create a social media platform that is more aligned with the world… The value of good content gets circulated to sustain the community.” Launching shortly into beta, Voice will be a “truly self-sustaining” social media economy where both the platform itself and the users benefit. There will be no data collection, nor wanton advertisement targeting. To do this, Block.one is launching the fittingly-named Voice Token, which can only be created by interacting in the social ecosystem. The EOS-based crypto asset will allow users to “make their voice heard”, giving holders the opportunity to signal boost their messages and media.

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$1.5M in Stolen Bitcoin From 2016 Bitfinex Hack Changes Address/ bitcoin margin trading,bitseven,bitcoin exchange,FX Margin bitflyer,CoinMarketCap,poloniex,bitfinex

A portion of bitcoin (BTC) stolen from Bitfinex crypto exchange back in 2016 has been moved from hackers’ wallets to an unknown address on June 7, based on several tweets by crypto transaction tracker Whale-alert.io. The movement of stolen bitcoins has allegedly started earlier today at 06:08 AM UTC and involved of six transactions to date, totally worth about 185 bitcoin, or $1.5 million at press time. The amount of recently moved stolen bitcoins accounts for about 0.15% of the 120,000 BTC stolen back in 2016, which was worth $72 million at the time of the hack, but is now is equivalent to $973 million. Bitfinex’s marketing director Anneka Dew reportedly claimed that the movements are not connected with processes in the company, according to tech publication The Next Web. Bitfinex launched trading of LEO token against major cryptocurrencies on May 20 after raising $1 billion for its token during its initial exchange offering earlier in May. Worth 1 tether (USDT), UNUS SED LEO is designed to facilitate trades on Bitfinex. In the white paper to LEO tokens, released on May 8, Bitfinex wrote that the exchange continues to implement various strategies for recovery of funds stolen in 2016. The exchange cited that they have managed to restore about 28 BTC ($104,000 at the time) in February 2019 in collaboration with United States’ authorities.

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