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Crypto Exchange Coinbase Adds Support for XRP on Retail Platform and Mobile Apps

Click here to view original web page at cointelegraph.com
United States major cryptocurrency exchange Coinbase has added support for Ripple (XRP) to its retail platform and mobile apps. The exchange announced the development in a blog post on Feb. 28.
The announcement states that Coinbase’s users can now purchase, sell, convert, send, receive, and store XRP both on Coinbase.com and the Coinbase Android and iOS apps.
As usual, the service will reportedly be available for most jurisdictions, however it will not initially be available for residents of the United Kingdom and the U.S. state of New York.
On Feb. 25, Coinbase announced support for XRP on its Coinbase Pro platform. In the announcement, Coinbase stated that full trading of XRP will be available to customers in the U.S., Canada, the European Union, the United Kingdom, Singapore and Australia, while also planning to expand its services to other countries at a later date.
Following the news, blockchain research firm Diar released a report stating that XRP is violating one of Coinbase’s listing rules. Per the report, in its “Digital Asset Framework,” Coinbase states that "the ownership stake retained by the team is a minority stake," while Ripple purportedly holds around 60 percent of the supply in escrow with a release schedule.
XRP has not yet reacted the news, up by just 0.4 percent on the day and trading at around $$0.313 at press time, according to data from CoinMarketCap. The altcoin has seen a major dip today before recovering, having dropped to as low as $0.309 earlier today.

Ethereum’s Constantinople, St. Petersburg Upgrades Have Been Activated

Click here to view original web page at cointelegraph.com
The Constantinople and St. Petersburg network upgrades for the world’s second largest cryptocurrency, Ethereum’s (ETH), occurred today Feb. 28, according to ethstats.net.
Specifically, the updates went live on the main network at block 7,280,000, in accordance with previously released schedule. Although the upgrade has two names of two originally separated updates, they have subsequently been combined into one.
Per Ethernodes.org, not all Ethereum users have adopted the updates. Only 22.3 percent of Geth and Parity clients are reportedly already running the Constantinople-compliant version.
Constantinople is set to bring multiple efficiency improvements to the platform, including cheaper transaction fees for some operations on the Ethereum network. As previously reported, the Constantinople hard fork was delayed in January due to a newly discovered vulnerability.
The St. Petersburg upgrade is meant to delete a previous update, Ethereum Improvement Proposal (EIP) 1283, from Ethereum’s test networks, since that EIP had been identified to have security vulnerabilities.
In January, major United States cryptocurrency exchanges Coinbase and Kraken became the latest to confirm support for Ethereum’s upgrade. The two exchanges join Binance, Huobi and OKEx, who had started to monitor the event before its first implementation attempt.
At press time, ETH is up 2.59 percent over the day and is trading at around $137.19. The altcoin started the day around $132, according to CoinMarketCap.
Specifically, the updates went live […]
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Ethereum Classic (ETC): Price Analysis, Feb.08

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Ethereum Classic Price Analysis – ETC/USD

Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It offers a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine, which can execute scripts using an international network of public nodes.
The 17th largest cryptocurrency – Ethereum Classic with its current market cap traded at $425,959,031 (09:38 UTC) on February 08 dropped in current value by 30.5% compared to January 06 as analyzed from the graph above. The significant fall in profit was due to the strong bearish pressure, macro factors and courses competitive forces from around the world. The ETC/USD pair gained in value by 15.2% relative to December 06.
However, the ETC/USD pair remained ‘uptrend’ from December 18 to January 06 as interpreted from the graph above which signifies the bullish trend.
Both the moving averages have declined since October 28 last year thereby creating downward pressure over the value as interpreted through the line in the graph above. Since current value trades below the 20-day EMA, which signifies ‘downtrend’ in value. However, the current value is supposed the 20-day EMA thereby creating “upward” pressure. It is just that for the time being the ETC/USD pair remains in bearish pressure. However, those that long awaited to invest in this altcoin, they may start executing the transaction to the extent that the next “uptrend” takes place.
Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The ETC /USD pair remained range bound from December 17 to December 26 last year, as the cryptocurrency rallied from a low of $3.65 to a high of $5.88 which is a 61 percent return within nine days.
Ethereum Classic
As we can quickly analyze from the graph above that the MCap trades at $425,959,031 (09:38 UTC) on February 08 with the Price (BTC) 0.00114572 and Price (USD) 3.91, 24h Volume 157,434,553 USD (09:43 UTC).
As we can analyze from the graph above Price BTC traded all-time high on January 06 above MCap Price BTC. Since then from January 07 to January 10 Price USD took the lead. However, since then Price BTC remained traded above all.
While we can estimate from the first graph, if bulls succeed in rising and sustaining above the current resistance level $4 (10:13 UTC) and create “uptrend” in value (i.e., traded above the EMA) the investors will start buying this currency more and more thereby increasing its amount. However, based on the current trend, the next support level could be $4.20.
Let us not forget that Ethereum Classic (ETC) is a smarter blockchain, and it is a network, a community, and a cryptocurrency that takes digital assets further. Additionally, it allows people to send value to each other by letting complex contracts operate autonomously and cannot be modified or censored. If the Internet were merely a bunch of interconnected computers and didn’t have any users or creators making websites, it would be mostly useless.
Please feel free to visit https://ethereumclassic.org/ to know more about this cryptocurrency!
Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It offers a decentralized Turing-complete virtual machine, the […]
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Market Panic Remains – Bexplus Investing Advice on BTC

Click here to view original web page at www.ccn.comMarket Panic Remains – Bexplus Investing Advice on BTC 1
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.
Investing in the financial market is like a roller coaster, and it’s no exception in the BTC market. In any aspect of investment, fear and greed are the investment psychology of speculators and the constant balance between which creates a market emotion cycle. For many years, investors have studied the market emotion cycle by virtue of “Wall Street Cheat Sheet”.
It’s quite easy for us to find that the BTC price trend is similar to it. After the all-time high of $20,000 in 2017, BTC has kept the downtrend for 14 months. As for the Altcoins, they will display a great uptrend when issued and listed in the exchanges. But one or two weeks later, they will plunge sharply to the price lower than that for its ICO. Some investors may wonder if they can find the point that BTC will bottom out and buy in. This is not realistic. BTC is under a huge fluctuation. If you are still finding the bottom point and persist the long-term investment, it’s not a wise option.
Q:How can investors profit from cryptocurrency investment?
Bexplus: Cryptocurrency futures trading, the mainstream transaction in the future.
If you want to earn money on BTC investment in the short or medium run even when BTC’s falling, futures trading is the best option. Trading cryptocurrency futures contracts is to buy or sell BTC based on the prediction to BTC price growth or fall. In this way, no matter BTC rises or falls, investors have chance to profit from it.
In fact, veteran investors can easy to notice that traditional exchanges that only offer crypto-to-crypto or fiat-to-crypto trading are difficult to carry on due to the bear market panic. That’s why more and more exchanges begin to add futures trading services. And cryptocurrency futures trading will be the mainstream transaction tool in the future. Similar to Wall Stree Cheat Sheet, trend is the crucial factor for profit.
Bexplus is a popular and reliable cryptocurrency futures exchange. In 2017, Bexplus founded its headquarter in Hong Kong and established offices in U.S, Australia, Russia, Brazil, and India in 2018. Bexplus app for Android and iOS are available to users from 36 countries worldwide and support 21 languages. It’s also reported by Nasdaq that Bexplus has completed 10,000,000 financing.
In Bexplus, you can invest BTC, ETH and LTC perpetual contracts with up to 100x leverage. For instance, you can use 1 BTC to short (predict it is going to drop) or long (predict it is going to rise) BTC and open a 100 position with the help of 100x leverage. Besides, you can set stop-loss and stop-profit to control the risks.
Market Panic Remains – Bexplus Investing Advice on BTC 2
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Market Panic Remains – Bexplus Investing Advice on BTC 3
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The Dark Underbelly of Cryptocurrency Markets

Click here to view original web page at medium.comIn this post, I’ll investigate the key drivers of the unrelenting cryptocurrency/crypto asset markets, and explain why they aren’t likely to go away soon. In particular, I will focus on the incentives that cause ranking sites to uncritically include junk exchange volume in their data.
The major stakeholders in this market are exchanges (naturally), altcoin/cryptocurrency/fork issuers, and coin rankings sites, which mutually work together to extract value from one group: retail investors. Unwitting investors juice the whole operation with infusions of capital. While none of this is particularly groundbreaking, I felt that it was worth exposing these relationships so that investors might understand the nature of the game they’re playing.
The below graphic summarizes the essence of the relationships between the four groups.
‘Value’ denotes financial flows or simple utility. Eg, investors gain value in the form of information from rankings sites
This might be a bit difficult to parse, so I’ll explain each group in turn.
Exchanges
You have two broad sorts of exchanges in this industry: the fiat onramps, and the altcoin casinos (I’ll leave aside p2p exchanges or DEXes for now). The fiat onramps tend to be regulated, comply with KYC/AML, may even surveil trading, and generally behave like full-reserve banks. Coinbase and Gemini are the archetypes. This piece is not about those exchanges — they generally play by the rules and are in the midst of a pivot towards regulator friendliness.
The other exchanges, the ones I’m writing about here, are the altcoin casinos. They tend to be un- or lightly regulated, domiciled in exotic places like the BVI or the Seychelles or Malta, and may hop around from jurisdiction to jurisdiction to avoid the watchful eyes of regulators. Binance is the archetype. They tend to have a devil-may-care attitude toward compliance, KYC/AML, wash trading, and reporting. They may not even deal in fiat at all — traders typically have to use BTC and ETH to get access to the rest of the casino.
Actually using these exchanges is often quite difficult. The great unmentionable in the industry is that no one interested in a “utility token” and the resources it might provide habitually uses these exchanges. These are not individuals these exchanges target as end users. Getting BTC at a fiat onramp, getting registered at a crypto-to-crypto exchange, sending the BTC, navigating the orderbook, making the trade, and juggling private keys and wallets; this is impenetrable to most neophytes. Instead, end users at these exchanges are day traders and gamblers who want access to the global, 24/7 altcoin casino. Some whales trawl the markets, but the majority of participants are retail investors looking for a 100x. Nothing new here.
Exchanges have a mutualistic relationship with altcoin developers and marketers (“issuers”). Generally speaking, creating an altcoin is not technically challenging. Many, many altcoins over the years were created with forkgen or any of the numerous ERC20 generators (1 2 3). The main challenge for the folks on the altcoin team is not technical, but social. This is euphemistically called community building. This of course refers to broadening the set of buyers for the token or coin, and getting existing buyers to become more fanatical in support of their chosen coin.
Community building is another word for marketing. This happens through many channels and is the subject for another, more expansive post. From the developer’s perspective, it is a delicate game of creating just enough innovation (or more realistically, the illusion of innovation) so that investors believe that the project is progressing at a reasonable pace towards its stated goals. Developers are encouraged to hype up partnerships, new releases, new objectives, and a drip feed of news and announcements. Each unanticipated piece of information is a positive shock that encourages investors to keep buying, and justifies their prior purchase.
The most exciting events for investors are new exchange listings. Since exchanges are fragmented pools of liquidity, and everyone wants to trade new launches, the sudden listing of an asset on an active exchange may in fact cause rapid price appreciation. It is an open secret that altcoin developers and marketers pay (read: bribe) exchanges to list their project. Many projects have pooled budgets, drawn from a premine, that are earmarked for listings fees. Binance made its business model out of shaking down developer teams for listings. But how does the exchange make the case for itself as the recipient of a fat listing fee? Simple: by posturing as a liquid and active trading venue.
After all, issuers are generally the largest holders of their coins, and they also benefit from a listing pump. Often, a large listing on an exchange like Binance will be an opportunity for the team of insiders to divest their holdings and reach a successful exit. So it’s in the interest of altcoin developers/promoters to pony up and pay a large fee (these can cost issuers hundreds of thousands of dollars, usually paid in BTC), and it’s in the interest of exchanges, especially second-tier exchanges, to project an image of deep liquidity.
This is where the rankings sites come in. They occupy a fêted position in the industry. Ostensibly, they perform a useful service to investors and receive little in return aside from ad revenue. But the under-reported reality is more sinister. Rankings sites are squarely at the center of the extractive game that siphons money from retail investors and deposits it into the pockets of altcoin creators and exchange operators.
What is the business model of the coin rankings sites? Sites like CoinMarketCap, CoinGecko, CoinRanking, Cryptoslate, CryptoCoinRankings, CoinCodex, CryptoCoinCharts, (et al.) sell ads, and in some cases, insert affiliate links into the exchanges. Some of them will sell blended pricing APIs to more sophisticated traders who want a reliable price feed. Many if not most exchanges have affiliate schemes, and referral links (“reflinks”) can be a lucrative source of revenue if you are the intermediary between active traders and exchanges.
Sometimes, rankings sites win doubly by accepting payment for banner ads for exchanges or trading venues, and then including their own affiliate links in the ad itself. It’s good money if you can get it. Investors go to these sites to find links to exchanges where they can trade their coins of choice, especially if they are smaller projects and do not have many points of liquidity. Since the rankings sites are the ports of call for investors, they have an almost captive audience and can easily monetize with an affiliate link. CryptoCoinCharts and CoinCodex have direct affiliate links to exchanges from their sites. Some aggregators will allow you to trade cryptocurrency directly from the rankings site itself.
This doesn’t just stop with exchanges. Anyone who visited CoinMarketCap from April–November 2017 will recall their ever present BitConnect banner. BitConnect was an infamous ponzi scheme with heavy affiliate elements — it survived based on new users from reflinks, and in turn paid affiliate partners handsomely. Not content to stop at BitConnect, CoinMarketCap ended up hosting banner ads for a multitude of other scams. Luckily, myself and the “BCC Ponzi” account documented this and held them to task.
The CoinMarketCap™ experience: not one but three actual ponzi schemes being simultaneously advertised.(open the thread. I present evidence for all of those being “guaranteed return” scams)
CMC also made a killing from banner ads with reflinks to Bitpetite, a BitConnect clone. This screenshot comes directly from Bitpetite’s website.
Coinmarketcap is making some decent money on their Bitpetite banner, these are 24h/weekly/monthly total referrals for them (min 10% fee)
Those are six-figure monthly revenues for directing traffic to a now-defunct ponzi. Yes, this is the same CoinMarketCap that millions of users and dozens of funds trust with their exchange data. The wrinkle goes further. The BitConnect ponzi relied on exchanges like CoinMarketCap uncritically posting exchange data showing massive appreciation in the BCC token. Of course this was illusory, and there was nothing behind the curtain. The vast majority (95%+) of BCC volume derived from a single “exchange,” which was hosted on bitconnect.co. By uncritically listing this volume with no caveats, CoinMarketCap directly enabled the BitConnect scam, which ended up siphoning around $100m from investors (my estimate).
See this thread for a breakdown of the issue:
Of course, our source for price, volume, and supply, comes from… Bitconnect’s own exchange. Hosted on its own website.
So not only was CoinMarketCap, the largest and most popular aggregator, guilty of enabling scams by accepting payment for banner ads, in some cases they monetized them with affiliate links within the banner ads themselves.
Aside from enabling and directly profiting from scams, CoinMarketCap is a largely amateur operation run from an apartment in Long Island City, and has proven itself generally unable to make sophisticated judgments about exchange liquidity. If you’ll forgive my digression, let’s get to the broader problem at hand.
So what’s the issue here? The chief problem has to do with the interplay between rankings sites, exchanges, and issuers, especially as it relates to exchange volume. It goes like this:
Issuers want to list on liquid markets and exit or pump their positionsExchanges want to advertise themselves as liquid, so issuers will be more amenable to paying listing feesThe “altcoin casino” exchanges are mostly unregulated and unmonitored, and can thus get away with virtually anythingMany exchanges thus engage in wash trading to make their volumes appear greater and improve their perceived liquidity profileRankings sites monetize through reflinks and ads, and lack the resources to monitor each exchange, and hence uncritically publish exchange dataWash trading exchanges gain in the rankings on the rankings sites, successfully marketing themselvesExchanges profit, rankings sites profit, issuers profit, all at the expense of investors (who may win in the short term)
The negligence of the coin rankings sites is the primary reason I’m writing this post. The other aspects are well documented. While fiat-onramps are professionalizing and working to assure regulators of their integrity, markets at the altcoin casinos are widely understood to be deficient. While arbitrary changes to the ranking sites’ methodology is known to be a risk, especially after the Korea debacle, the sheer amateurish nature of these rankings sites is under-reported. LPs for crypto hedge funds might be horrified to find that many funds were marking their positions against CoinMarketCap data, which aggregates deliberately fudged data from the altcoin casinos. The primary issue is the uncritical presentation of data derived from exchanges that is clearly fictitious — Sylvain Ribes has covered the fake volume plague well. CryptoExchangeRanks used an innovative methodology — comparing claimed exchange volume to their relative web traffic — to find particularly egregious offenders.
Investors looking for reliable data are left with few options. They can either selectively trust exchanges, aggregate data themselves, or use a more discriminating source like the Blockstream/ICE datafeed. The market is professionalizing, and hopefully operations like CoinMarketCap will be a creature of the past.
The problem with the [altcoin casino | altcoin issuer | rankings site] troika is how neatly intertwined all their incentives are, and how poorly-educated users are about each. In many cases, “exchanges” is a misnomer. These things are more akin to the bucket shops of the 20s, the boiler rooms of the 80s, or the unregulated poker sites of the early 2000s, which ran fractional reserves or granted insiders special access to the hole cards of unwitting players.
Quite simply, most of the crypto-to-crypto exchanges have nothing in common with exchanges like the NYSE or the NASDAQ. While some investors are aware of this, many mistakenly believe them to have integrity, even storing their coins on those exchanges for extended periods. The exchanges, in turn, market themselves with rampant, and indeed obvious, wash trading. But they are difficult to shut down or regulate — after all, clearing and settlement occurs on the uncensorable Bitcoin and Ethereum networks.
There is still demand for global, 24/7 casinos to gamble on altcoins, so these shady exchanges will still exist. And while investors use the amateurish rankings sites for information on trading venues, exchanges will be incentivized to market themselves by posturing as more liquid than they actually are. And if these exchanges continue to list hype projects and give issuers their exit, issuers will continue to be incentivized to play the marketing game and generate spurious roadmaps to dupe investors. Investors should be wary of these entities and make informed decisions before diving in.

How to Prepare for Next Week’s Bitcoin Cash Hard Fork

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If you’re concerned about the Bitcoin Cash hard fork that’s upcoming, you shouldn’t necessarily be, because you have plenty of time to get ready and more than one option on how to prepare. As journalists we are generally neutral on the subject of the fork — this article is intended for informational purposes only, not to take a side.
First, for the uninitiated, we should explain a couple terms.
Hard Fork
A “hard fork” is when mining (and, necessarily, client) nodes no longer agree on the rules of a protocol but continue to share the blockchain or permanent ledger of transactions previously made on the shared network. Technically a hard fork exists after one block of the new, protestant chain has been mined, but in reality a hard fork chain must survive much longer than that for the community and the world at large to consider it viable.
A hard fork is not the same thing as a software fork, where the code is simply used to build a different product with minor or major modifications. Everything from Dash to Litecoin Cash is technically a software fork of Bitcoin.
The best example of a hard fork is the Bitcoin Cash fork away from Bitcoin Core last year. Up until blocks mined in August 2017, the Bitcoin Cash blockchain is identical to the Bitcoin blockchain, but from that point on it became its own entity and gradually has developed its own community, services, and now, of course, its own divisions.
Replay Attack

A replay attack is when the transaction details from one blockchain can be used on the other. If it were to happen in Bitcoin Cash when the fork first happened, it would have happened like this: you make a transaction on one blockchain and then the receiver uses the details from that transaction in order to receive coins on the other chain from you — without your permission.
In the Bitcoin Cash fork that is upcoming — which is planned to result in at least two versions of Bitcoin Cash — there will be no native replay protection. With previous hard forks, failed or otherwise, replay protection was integrated by one development team or another. It is a serious matter as the heart of Bitcoin is user choice — there are no pull requests in Bitcoin, only “push” transactions.
How to Prepare Against Replay Attacks
When the fork happens, it is advisable to make no transactions at all right away. One should decide which version of Bitcoin Cash they are primarily going to use and keep their existing wallet on that chain.
Then, the user should install the other version, access their coins on that chain, and once they have accessed their coins on the chain they do not intend to use, they should sweep them all to a new address of their own on that chain. In this way, they will not be at risk of replay attacks because the coins are now held in different “accounts” or addresses between the chains. Failure to do this puts the user at risk of having their transactions replayed.
Unfortunately, with a lack of replay protection built into the new clients, you will have to do something if you want to secure the coins on the new chain. There is another option wherein you don’t care about the funds on either chain, and under this scenario you are free to simply leave things as they are — if someone replays a transaction you sent them on your preferred chain, you wouldn’t care anyway.
The Alternative Option: a Managed Exchange Wallet
Users who are overly concerned and not technically sure they’ll be able to successfully migrate their coins themselves could simply send all their Bitcoin Cash to a cryptocurrency exchange that has explicitly stated that it will support the fork, where they will automatically be credited with the new versions. Then, if you want either coin or both, you can withdraw them once the fork has settled. Potentially, there could even be three versions of Bitcoin Cash, provided miner support is there for all of them.
Many other exchanges will do this, but Poloniex has committed to doing so and has also begun pre-fork trading of both new versions of the coin.
Images from Shutterstock
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XLM Price Surges Despite Hard Fork Scam Concerns

Click here to view original web page at nulltx.comNullTX XLM predictions
In the world of cryptocurrencies and digital assets, things are looking a bit bleak once again. Weekends are hardly known for positive trading momentum, and this time around is not all that different. The Stellar price is on the rise a bit, although the value may struggle a bit to reach $0.3 again. Some recent ecosystem developments also have people on edge, for obvious reasons.
Stellar Price Momentum Looks Intriguing
It is always difficult to determine where the markets are headed over the weekend. In the case of cryptocurrencies and digital assets, that situation is no different whatsoever. There are some interesting trends shaping up, whereas most of the top markets are in a bit of a slump. Stellar is one notable exception in this regard, as its momentum is at least somewhat positive.
In the past 24 hours, the value of XLM has risen by 4% in both USD and BTC value. That in itself is pretty interesting to keep an eye on, as XLM does some things most other altcoins or assets are not capable of as of right now. Even so, there is very little trading volume for XLM, which does not necessarily instill much confidence whatsoever. As such, this uptrend can easily fall apart in the coming hours.
When looking across social media, XLM does not appear to be the talk of the town despite this current uptrend. That is always a bit surprising, mainly because currencies which rise in value are often quite hot topics on Twitter. In the case of XLM, Coindorado claims it is a good buy simply because it is not a coin being actively “shilled” on social media. An interesting sentiment first and foremost.
There are those who genuinely express concerns over the Stellar Activity “fork” allegedly created by the Stellar team itself. This is, according to XRP GoldFish, a blatant attempt to evade scrutiny by the SEC while trying to get listed on the Coinbase exchange. This hard fork of XLM has raised a lot of concerns so far, although it may not even be a legitimate product in the first place.
So #xlm wants to get on @coinbase (so it can pre pump then dump). But @StellarOrg and @JedMcCaleb know @SEC_News see it as a security. What to do? Make a hard fork (Stellar Activity #xla) as well as giving away $125m worth of xlm (coz nobody wants to buy it)#fail #scam — XRP Goldfish (@xrpGoldfish) November 11, 2018
Speaking of Stellar Activity, a lot of people genuinely believe this is a scam first and foremost. It is certainly possible that is the case, and users are advised to take the necessary precautions at all times. Any solution asking to import private keys needs to be avoided unless it is an official wallet developed by the coin’s developers or other reputable companies.
Beware of Stellar new Scam going around via /r/Stellar #xlm #stellar https://t.co/nExiKmOxCS — Stellar Reddit (@RedditStellar) November 11, 2018
Based on the current market circumstances, it would appear the XLM price rise may remain in place throughout most of today. Considering how the other markets are struggling, speculators might be intent on keeping this particular trend going for a while. Without sufficient trading volume, however, there will not be any major changes for the foreseeable future.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Bear Market and Declining Hashrates Mean Mining ETH No Longer Profitable, Analysis Finds

Click here to view original web page at cointelegraph.com
Mining Ethereum (ETH) using a graphics processing unit (GPU) is no longer profitable, according to an analysis from U.S.-based global trading and technology firm Susquehanna. CNBC reported Nov. 13 on Susquehanna’s findings, which point to the protracted slump in crypto markets and declining network hashrates as reasons for the profit decrease.
In Susquehanna’s analysis, profit per month for ETH miners using GPU-based setups hit a round $0 as of Nov. 1 this year, down from almost $150 in July 2017. Susquehanna notes the decline in Ethereum’s price as a major factor, with the altcoin currently trading at $204, down almost 85 percent from its record-high of around $1,350 in mid-January 2018.
Notably, however, on July 17, 2017, when Susquehanna’s figures indicate a $147 profit for GPU-reliant miners, the asset was trading at around $175, just slightly lower than today’s valuation.
To explain this pattern, Susquehanna analyzed a second factor: the Ethereum network’s hashrate, which fell substantially in 2018. A higher hashrate is more advantageous for miners, as it increases their opportunity of computing the next block and being remunerated in ETH.

Susquehanna’s graph showing decline in ETH mining profits. Source: CNBC
Susquehanna semiconductor analyst Christopher Rolland told CNBC that in this context, using chipmaker Nvidia’s flagship GPU card “is no longer profitable,” noting that the company’s crypto-derived revenue is down around $100 million quarter over quarter. He forecast this revenue would likely be “close to zero” in the forthcoming Nvidia 3Q report, set to be released this week:
"We estimate very little revenue from crypto-related GPU sales in the quarter, consistent with management’s prior commentary that they were including no contribution from crypto in their C3Q18 outlook.”
As reported just yesterday, experts from analytics firm Trefis have in fact forecast that Nvidia’s overall Q3 revenue will rise, yet like Susquehanna, they projected that sales from cryptocurrency-related activities will remain in a downtrend.
In August, Nvidia stocks fell amidst a decrease in digital currency mining as the crypto markets saw a downturn.

Altcoins Price Analysis: IOT/USD Likely to Expand Above 90 cents as LTC/USD Wilt

Click here to view original web page at www.newsbtc.comWith interstellar, blockchain air drop, BancorX and recent Bosch device development, the altcoin ecosystem is vibrant. But, this is yet to translate to meaningful gains. As a matter of fact, LTC/USD could print $30 by the end of the month in stark contrast with smart contracting and IoT platforms as ADA/USD and IOT/USD. Both are steady and trading within a bull breakout pattern that could lift their valuation higher as buyers aim at 12 cents and 60 cents respectively.
Let’s have a look at these charts:
EOS/USD Price Analysis

Thanks to yesterday’s three percent loss, EOS is $500 million away from dropping outside the top five. It’s even worse for traders and with Block One having to clarify if indeed on-chain transactions are cryptographically validated, prices are losing steam dropping towards $5. Nonetheless, like before, we shall take a neutral stand until after prices break above this horizontal consolidation above $7 or dip below our immediate support at $5.
Interesting Read: EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions
Of course, it will be deflating for hodlers to contend with more losses if price action confirms Oct 11 losses. This is so because losses will increase odds of EOS/USD printing at or below $4 by end of this month. Either way, any bullish breakout and first target will be $9 while declines below $4 means bears should aim at $1.5.
LTC/USD Price Analysis
Even with Coindroid endorsement, Litecoin is literally struggling against bears. Prices are back in red as LTC/USD drop five percent in the last week and roughly two percent in the last day.
Did you know @Coindroids is a droid game based on #Litecoin? Listen in and learn about how it works and why the creator chose $LTC over @Visa as a payment method! https://t.co/2YioJ1zc9o
Coindroid is a cryptocurrency-based game whose founder sees benefit in LTC cheap transaction costs and fast settlement.

Now, back to price action and our trade conditions are now live. Following yesterday’s losses, a whole bear bar was printed below the $50 main support line and bear trigger line. Therefore, we shall trade as planned and in that case we suggest selling at spot with stops at $50 and first targets at $30.
XLM/USD Price Analysis

Stellar Lumens is one of the top performers in the last week and with a five percent gains, XLM/USD is still trading above 25 cents meaning our last trade plans are live. Unless otherwise there are losses below this immediate support line, aggressive traders should be looking to buy on dips in lower time frames with stops at 22 cents.
On the other hand, conservative traders should take a wait and see approach only taking positions once there is a bullish breakout above 30 cents. To reiterate previous stands, first targets would be 50 cents. Conversely, step losses that will see our stops hit as XLM/USD prices drop below 20 cents mean traders should offload XLM with first targets at 8 cents.
ADA/USD Price Analysis
Michael Parsons, chairman of the Cardano Foundation has resigned from his position as the head of the Cardano Foundation council weeks after Charles Hoskinson and Emurgo’s CEO Ken Kodama made known their frustrations following his string of poor performance, attempts to concentrate power and below par leadership.
The Babylonian Capitivity of Cardano has Ended https://t.co/S0WeieC2TH pic.twitter.com/kJRLYsvbcN— Charles Hoskinson (@IOHK_Charles) November 13, 2018
Pascal Schmid, Council Member, will take over as Chairman of the Foundation Council on an interim basis.

His departure coincided with ADA sinking two percent in the last day. Although ADA/USD prices are yet to nullify our bullish projection by reversing Nov 4 gains, it remain likely that declines in other assets especially BTC could drive prices lower.
Therefore, in a conservative approach, we suggest waiting until prices edge past 9.5 cents or Oct highs. If not and our stops at 7.5 cents are hit, then losses below 7 cents—our immediate support line and Oct lows could usher in sellers aiming at 6 cents.
IOT/USD Price Analysis
That data is the oil of the future is true and it’s along this line that Bosch, an electronic giant, recently highlighted a Cross Domain Development Kit (XDK) that work perfectly for real-time internet of things data collection and sales.
With 20 billion devices interconnected by 2020, the IOTA market place will be perfect scalable and secure platform where these data is availed for compensating parties via Masked Authenticated Messaging (MAM). The XDK2MAM will act as the bridge between the device and IOTA market place.

Though gains are marginal from a top-down approach, IOT/USD is relatively stable and up two percent in the last day. Because of this, the bullish breakout pattern is still valid and traders can continue buying at spot with stops at 50 cents in line with our last IOT/USD trade plan.
Meanwhile, conservative traders can begin realigning their position but by placing limits at around 60 cents or Oct highs. First targets would be at 90 cents while losses below 50 cents could heap pressure on IOTA driving prices towards 30 cents.
All Charts Courtesy of Trading View
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
Tags: ADA/USD Price Analysis, Bosch IOTA, Cardano Foundation Michael Parsons, EOS/USD Price Analysis, iot/usd price analysis, LTC/USD Price Analysis, XLM/USD Price Analysis

XRP the Standard? Binance CEO Trolls the Ripple Community

Click here to view original web page at sludgefeed.comoriginal via coinsnetwork.com
Binance CEO Changpeng “CZ” Zhao took to Twitter on Sunday to send out a message to the Ripple (XRP) community regarding their constant shilling of XRP as a base currency for the leading crypto exchange.
In the tweet, CZ asked XRP community members to place their “shills” in comment responses, while also highlighting a series of tips for cryptocurrency projects to get their coins listed on the exchange.
The xrp base shill is strong. Let’s get it out of your system, and put all your shills under this one tweet, and let’s see how much we get. https://t.co/usiISCtuSj— CZ Binance (@cz_binance) November 18, 2018
While a greater majority of the responses were some form of meme, the actual case for bringing XRP as a base pair is not that outrageous, given its relative liquidity and corporate backing.
There is a small, but growing list of cryptocurrency exchanges that have adopted XRP as a trading base standard. Last August, AlphaPoint, a financial technology company that helps companies access the blockchain and make illiquid assets liquid, launched DCEX, a next-generation digital currency exchange for retail and institutional investors that was the first exchange to have XRP as its exclusive base currency.
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More recently, Estonian-based XRP United launched with BTC/XRP, ETH/XRP, and BCH/XRP trading pairs. The exchange notes that XMR/XRP will be added once a Monero wallet is integrated into the exchange.
XRP is currently down over 5% to $0.48107, giving the altcoin a $19.35 billion market cap and making it the 2nd largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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