Bitcoin Closing the May Candle Above $9,360 is Crucial For Bulls: Here’s Why

Update (3 hours after the close): Bitcoin has closed the May candle above the crucial $9,360 level, managing to take $9,450. Analysts say this is “incredibly significant for bulls” and may show that there is more upside in the works.
This is an assertion that can be corroborated by other market factors.
For instance, blockchain data startup Glassnode recently noted that 60% of all BTC in circulation “hasn’t moved in over a year, showing increased investor HODLing behavior.”
This is important because the last time this trend was seen was  “right before the BTC bull market of 2017.” That’s to say, this on-chain trend was last experienced just before BTC rallied from under $1,000 to $20,000 in under a year’s time.
Chart of Bitcoin investor habits from crypto analytics firm Glassnode (@Glassnode on Twitter). The image was shared on May 29th, 2020.

In just a few minutes’ time, Bitcoin will close May’s price candle. Analysts say that this close will be crucial for indicating in which direction the cryptocurrency market heads next.
A region of importance that many analysts are eyeing is the low-$9,000s. As one analyst explained:
“We’ve not had a Monthly close above 9360 in nearly 12 months. Rejections from this level have led to tests of $6k and eventually $3k.”
Indeed, when Bitcoin failed to surmount this level in February, prices dove to $3,700 during March’s capitulation. And when BTC was rejected from this level in 2018, there was a brutal bear market to $3,150 in the ten months that followed.
$9,360 is also around where the downtrend formed after the $20,000 high currently sits, adding to its technical importance.
Right now, things are coming down to the wire in terms of Bitcoin closing above this level. The asset trades at $9,400 as of the time of this article’s writing and the close is just a short while away, TradingView has shown.
BTC price chart from a crypto trader “Cold Blooded Shiller” (@ColdBloodShill on Twitter).
Bitcoin Being Dragged Down by Stock Market
Bitcoin’s retracement to $9,400 ahead of the monthly candle close comes after it surged as high as $9,700 on Saturday, wrested higher by Ethereum.
The underperformance of the flagship cryptocurrency seems to be related to a reversal in the S&P 500 futures, which reversed after passing 3,000 points last week.
The futures market is currently down 1% during the Sunday evening trading session, which is falling in response to a number of events.
This is bearish for Bitcoin because the markets are correlated. The Kansas City Federal Reserve wrote in a recent report:

Overall, our results suggest that the 10-year Treasury has generally exhibited safe-haven behavior, gold has occasionally exhibited safe-haven behavior, and Bitcoin has never exhibited safe-haven behavior since its introduction. Moreover, the introduction of Bitcoin does not appear to have materially changed the safe-haven properties of government bonds or gold. Instead, Bitcoin at times appears to have behaved more like a risk asset than a safe haven.

Featured Image from Shutterstock
Source: News BTC
Original Post: Bitcoin Closing the May Candle Above ,360 is Crucial For Bulls: Here’s Why

Tesla Needs Democrats to Break Up Big Tech or Amazon Will Eat Its Lunch

Tesla's biggest competitor isn't any of its rival automakers, but Amazon.

Tesla Needs Democrats to Break Up Big Tech or Amazon Will Eat Its Lunch by CCN.com


Source: CCN.com
Original Post: Tesla Needs Democrats to Break Up Big Tech or Amazon Will Eat Its Lunch

Max Keiser: There Isn’t Anything Crypto Altcoins Do That Bitcoin Won’t Do

Altcoin

Ever since the peak of the 2018 crypto bull market, Bitcoin has been front and center for most investors.
Bitcoin dominance — the percentage of the cryptocurrency market made up of BTC — has doubled from the 33% lows, while a number of altcoin projects have died out due to funding issues and a lack of public interest.
Even still, there remain thousands of projects cumulatively worth dozens of millions promising to be the “next BTC” or something along those lines.
But according to Max Keiser, the host of the “Keiser Report” on RT and one of the earliest Bitcoin bulls,” these projects have no intrinsic value.
Bitcoin Is Still Stronger Than Altcoins
Speaking in a recent interview with London Real, Keiser doubled down on his long-held sentiment that altcoins provided little (if any) value over Bitcoin.
In response to the interviewer Brian Rose’s question if there is any cryptocurrency “complementary to BTC,” Keiser said no.
He explained that there is “no coin out there that can do something that Bitcoin doesn’t do already or will be able to do shortly.” Bitcoin’s security, with a majority of the hash power and the majority of the crypto market share, also makes it a better bet than altcoins, Keiser added.

.@HeisenbergCap Co-Founder explains why alt-coins are disappearing and why #Bitcoin will overtake Gold https://t.co/DVumGlgfzp
— Heisenberg Capital (@HeisenbergCap) May 28, 2020

It’s a Common Sentiment
Keiser isn’t alone in touting the sentiment that altcoins still pale in comparison to Bitcoin despite the technical developments and the billions of dollars worth of funding.
Kevin Rose, a co-founder of digital media site Digg and a general partner at True Ventures, recently told TechCrunch the following: 
“The problem is that 99% of the projects out there and a lot of the people who are behind them are just in this for the pure financial gain. And there’s a lot of garbage out there. And that’s unfortunate because it really drags down the high-quality projects, and it muddies the space quite a bit.”
Rose led Google Ventures’ investment in Ripple that took place in 2013.
Stock trader/analyst Steve Burns, who has a following of over 200,000 on Twitter, echoed this sentiment. He said that he thinks “99.9% of altcoins are going to $0 [… over a] buy and hold timeframe,” adding that he thinks so because “they have zero value.”
There is technical evidence to suggest that Bitcoin will outperform altcoins, too.
Per previous reports from Bitcoinist, Josh Olszewicz, a Brave New Coin crypto analyst, observed on May 15th that Bitcoin’s dominance chart printed a textbook golden cross.
The arrival of the golden cross, the analyst suggested, is a sign that those awaiting an “altcoin season” may be rudely awakened.
Chart from Josh Olszewicz (@CarpeNoctum on Twitter), a crypto analyst at Brave New Coin. The chart is of Bitcoin’s dominance printing a “golden cross” formation.
Featured Image from Shutterstock
Source: Bitcoinist.com
Original Post: Max Keiser: There Isn’t Anything Crypto Altcoins Do That Bitcoin Won’t Do

Euro is still on track of collapsing, says macro analyst: Here’s how Bitcoin could react

Although we are just months into the ongoing COVID-19 recession, it has purportedly shown clear structural issues in some of society’s largest institutions.

One such entity purportedly under threat is the European Union, and, by extension, the Euro.

The collapse of this multinational organization and its native currency would undoubtedly throw the world of finance and politics into chaos. Bitcoin, too, would be affected — and here’s how.

Euro is teetering on collapse: prominent macroeconomic analysts

According to Remi Tetot, co-founder of macroeconomic research firm Global Macro Investor, there is a good chance the “Euro [will] go bust” in the near future.

The case made for this assertion was extensive, but it came down to the fact that the European Union is proposing a massive stimulus package to save the economy from COVID-19, is printing hundreds of billions through the European Central Bank, and is on the verge of breaking below an “all-time” technical support.

Tetot’s colleague Raoul Pal is equally as bearish on the Euro, if not more so.

The former Goldman Sachs executive said in a video posted to financial media outlet Real Vision, which he runs, that he thinks that the E.U. (and the Euro) is an “experiment” that is looking ready to collapse.

Pal cited the fact that due to the ongoing recession, there will be member nations that will struggle with intense fiscal and monetary difficulties as COVID-19 affects each Eurozone economy differently.

Normally, other Eurozone countries would step in to help (like how Germany “helped” Greece last decade), but there have been increasing tensions between member nations. The Wall Street veteran suggested that these tensions and discourse could contribute to the dissolution of the Union.

How will Bitcoin react?

According to Travis Kling — CIO of Ikigai Asset Management and an ex-Point72 portfolio manager, the E.U. as we know it dissolving would have an immediate disastrous effect on Bitcoin.

“If the Euro looks like its collapsing, that’s probably a BTC crash (global massive risk-off),” he explained in a recent tweet.

Fundamentally, this makes sense. The collapse of the European Union would leave many nations straddled with huge debts, while the dissolution of the Euro would dramatically disrupt global finance as new commercial and social systems have to come into effect.

In the long run, though, it could help Bitcoin as investors flock to safe-haven assets amid a monetary meltdown. Kling elaborated:

“When people talk about ‘hyper-Bitcoinization’, I’ve always felt like a collapse in the EUR was the most likely and quickest path to get there,” referencing the belief by Bitcoiners that the macroeconomic environment will eventually reach a point where BTC absorbs fiat currencies.

The post Euro is still on track of collapsing, says macro analyst: Here’s how Bitcoin could react appeared first on CryptoSlate.


Source: CryptoSlate
Original Post: Euro is still on track of collapsing, says macro analyst: Here’s how Bitcoin could react

Ethereum DeFi Nears $1 Billion Milestone Again, and That’s Big for the ETH Bull Case

Ethereum’s budding decentralized finance (DeFi) ecosystem took a heavy beating after the March capitulation crash.
As I detailed in an analysis for LongHash, what happened was that MakerDAO became unstable due to what some say is an erosion in trust in the protocol. Ethereum investor Parafi Capital wrote in a blog post:
“We believe this lack of stability and liquidity is translating into uncertainty around using DAI as a decentralized stablecoin in many DeFi protocols. Anecdotally, we have heard a handful of DeFi teams express frustration over DAI’s lack of liquidity/stability.”
Adding to this, a fledgling DeFi protocol with more than $25 million worth of crypto assets was hacked due to a glitch in a smart contract.
After this mess, one commentator went as far as to say that “the entire DeFi ecosystem almost died.”
But, as we now know, this death didn’t happen. This bodes well for the Ethereum bull case.
Related Reading: This Crypto Use Case Has Never Been as “Underrated” Due to Twitter and Trump
DeFi Is Still Alive and Kicking
In the wake of March’s crypto crash, the value locked in DeFi applications crashed to $500 million from well over a billion. This was to be expected: March’s crash also resulted in an over 50% reduction in the value of top cryptocurrencies.
But according to data shared by data site DeFi Pulse, decentralized finance has since recovered alongside the value of cryptocurrencies.
There is now $953 million worth of assorted crypto assets locked into DeFi applications, according to the site. This is up nearly 100% from the March lows.
Notably, not 100% of the $953 million in DeFi assets is based on Ethereum, but a majority is.
Case in point: Maker, Synthetix, and Compound — all based on Ethereum — hold approximately $750 million worth of assets.
Data of value locked in decentralized finance (mostly Ethereum) from Twitter user Alex.eth (@AlexanderFisher).
Ethereum Stands to Benefit
With DeFi gaining strength once again, analysts say that ETH’s bull case is being strengthened.
The founder of MakerDAO Rune Christensen said that Ethereum through DeFi will attract “all value” in the cryptocurrency space:
“4 million Dai was just minted with WBTC in a single transaction. This really showcases the latent demand for non-ETH assets, and it’s the beginning of a broader trend of DeFi acting as an economic vacuum that will eventually attract almost all value to the Ethereum blockchain.”
There’s also Ryan Selkis, chief executive of crypto research firm Messari.
He explained that due to the introduction of DeFi and the market share it could capture, ETH has a “higher ceiling” to rally towards than 2017/2018’s rally. For reference, the 2017/2018 rally brought ETH to $1,400.
Related Reading: Crypto Tidbits: Bitcoin Nears $10k, Goldman Sachs Talks Cryptocurrency, Chinese Yuan Slumps
Featured Image from Shutterstock
Source: News BTC
Original Post: Ethereum DeFi Nears Billion Milestone Again, and That’s Big for the ETH Bull Case

Meghan Markle & Prince Harry Are Nothing More Than Professional Freeloaders!

Seriously, what have Meghan Markle and Prince Harry actually paid for since leaving the royal family and the U.K.? Absolutely nothing!

Meghan Markle & Prince Harry Are Nothing More Than Professional Freeloaders! by CCN.com


Source: CCN.com
Original Post: Meghan Markle & Prince Harry Are Nothing More Than Professional Freeloaders!

Jake Paul Loots the Entire BLM Movement Then Issues an Entitled Apology

Jake Paul is caught with looters inside of a mall in Arizona. After a massive backlash, Paul issued an entitled apology that's fooling nobody.

Jake Paul Loots the Entire BLM Movement Then Issues an Entitled Apology by CCN.com


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Original Post: Jake Paul Loots the Entire BLM Movement Then Issues an Entitled Apology

Bitcoin mining at home yields 'pristine BTC with more privacy'

Remember the days when anyone with a computer could mine Bitcoin? Yes, a long time ago, before the days of ASIC, a few lucky ones did mine Bitcoins with their computers.

As Bitcoin's mining difficu

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Original Post: Bitcoin mining at home yields 'pristine BTC with more privacy'

Goldman Scandal, BTC Bull Trap Fears, How Libra Will Make Money: Hodler’s Digest, May 25–31

Goldman Sachs attacks crypto, why Bitcoin may be wandering into a bull trap, and how Libra is going to make money.


Source: Cointelegraph.com
Original Post: Goldman Scandal, BTC Bull Trap Fears, How Libra Will Make Money: Hodler’s Digest, May 25–31

Trading Bitcoin Vs. BTC Futures — Which Is Best for You?

A growing number of crypto exchanges are offering futures trading for Bitcoin and altcoins, can retail investors capitalize on this powerful instrument?


Source: Cointelegraph.com
Original Post: Trading Bitcoin Vs. BTC Futures — Which Is Best for You?

Bitcoin Could Surge Past $10,000 as Ethereum “Hammers” Higher: Top Analyst

bitcoin

Bitcoin and the rest of the crypto market have performed extremely well over the past few days, bouncing 10% from last weekend’s correction lows.
Though one cryptocurrency has been dramatically outperforming all the rest: Ethereum.
The second-largest cryptocurrency and foremost altcoin was up 10% on Saturday, surging higher on the back of an influx of buying pressure. It was a move that allowed Ethereum to break past a crucial resistance.
Although Bitcoin has yet to follow Ethereum higher, analysts say that ETH’s strength could drag the rest of the market higher.
Ethereum’s Strength Could Boost Bitcoin
One prominent trader asserted that ETH’s ability to continue to “hammer” past key resistances is adding fuel to the Bitcoin bull case:
“ETH continues to hammer up, dragging BTC past a $10k breakout. That adds fuel to ETH until ETH has gone fully absurd. That’s my favored son scenario.”
Bitazu Capital founding partner Mohit Sorout shared this sentiment in his own analysis on the matter. In reference to the chart below, he explained that “Ethereum maximalists are waiting for Bitcoin bulls to join the party.”
The chart below shows that Bitcoin has yet to break a downtrend formed at the end of April while Ethereum has.
Charts of both ETH and BTC from Mohit Sorout (goes by @SinghSoro on Twitter)
As ETH led BTC higher during February 2020’s rally, chances are BTC is about to break past the level indicated in Sorout’s chart too. Should this happen,~$10,100 could be within BTC’s sights in the coming few days.
BTC Is Bullish Too
Bitcoin, too, is showing technical and fundamental strength.
As reported by Bitcoinist previously, the leading cryptocurrency is on the verge of closing above a key downtrend resistance on a monthly time frame.
Analyst Eric “Parabolic” Thies pointed out this technical occurrence with the chart below. It shows that BTC is finally peaking above the downtrend formed after the $20,000 high.
BTC chart from Eric “Parabolic” Thies, a crypto analyst and programmer.
Thies believes that Bitcoin closing the May candle above that crucial level in approximately four hours (as of this article’s writing) will be “incredibly significant for bulls.”
Adding to the bullish confluence, there are macroeconomic and geopolitical trends favoring BTC growth.
Matt D’Souza — CEO of Blockware Mining — recently identified four such trends, some of which are as follows:

There is growing geopolitical unrest: The U.S. and China have seen tensions grow again over Hong Kong democracy. The mainland Chinese government proposed a law that some American officials say erodes the autonomy of the region. As a result, the yuan has sunk, boosting Bitcoin’s opportunity to act as a hedge.
Central banks continue to print money to save the economy: To respond to the ongoing recession caused by the illness, central banks and governments have continued to print trillions upon trillions of dollars to bail out companies and individuals. Bitcoin’s scarcity allows it to appreciate over fiat money.

Featured Image from Shutterstock
Source: Bitcoinist.com
Original Post: Bitcoin Could Surge Past ,000 as Ethereum “Hammers” Higher: Top Analyst

Gold Bug Peter Schiff Says Bitcoin’s Recent Rise Is Due to Whale Manipulation, Calls BTC ‘Pyramid Scheme’

As Bitcoin mounts a furious rally and threatens to take out a key psychological resistance, economist and outspoken crypto critic Peter Schiff says the recent surge is likely not caused by an organic increase in demand.

In a reply to a tweet posted by Bitcoin whale and Gemini co-founder Tyler Winklevoss, Schiff says whales are manipulating the market as the leading cryptocurrency has failed to attract institutional money to “keep the pyramid scheme going.”

Peter Schiff’s statements come days after investment giant Goldman Sachs advised its clients not to buy BTC, saying digital assets such as Bitcoin do not “constitute a viable investment rationale.”

While the CEO of Euro Pacific Capital offered no evidence to support his claim, the crypto community is tracking new data indicating that Wall Street is buying Bitcoin at breakneck speed.

Market researcher Kevin Rooke keeps tabs on the Grayscale Bitcoin Trust (GBTC), a product that is fully backed by Bitcoin and allows accredited investors to gain exposure to BTC without owning the underlying asset.

According to Rooke, Grayscale is buying Bitcoin faster than the rate of new supply entering circulation.

“Grayscale’s Bitcoin Trust bought 18,910 Bitcoins since the halving. Only 12,337 Bitcoins have been mined since the halving. Wall Street wants Bitcoin, and they don’t care what Goldman Sachs has to say.”

Recent announcements made by Coinbase, Bitgo and Genesis Global Trading also appear to bolster the narrative that Wall Street is entering the space at an accelerated rate as these industry leaders are currently enhancing their platforms with features targeting institutional clients.

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Gold Bug Peter Schiff Says Bitcoin’s Recent Rise Is Due to Whale Manipulation, Calls BTC ‘Pyramid Scheme’ appeared first on The Daily Hodl.


Source: Daily HODL
Original Post: Gold Bug Peter Schiff Says Bitcoin’s Recent Rise Is Due to Whale Manipulation, Calls BTC ‘Pyramid Scheme’

‘Lange termijn Bitcoin vooruitzicht “super bullish”

De Bitcoin koers ligt nog ver onder de 20.000 dollar die de munt ooit behaalde aan het einde van de rally in 2017. Maar dit weerhoudt beleggers er niet van om extreem optimistisch te zijn over de belangrijkste cryptomunt. Eerdere voorspellingen Een bekende analist, genaamd ‘dave the wave’, zei onlangs dat het vooruitzicht voor de ETH er op de lange termijn ‘super bullish’ uitziet. Zijn uitspraken zijn belangrijk omdat hij een analist is die de richting van deze markt het afgelopen jaar zeer goed heeft voorspeld. Halverwege 2019, toen BTC voorbij belangrijke weerstanden boven de $10.000 steeg, vertelde hij dat

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Source: Newsbit (NL)
Original Post: ‘Lange termijn Bitcoin vooruitzicht “super bullish”

Key Indicator: Bitcoin and Other Top Cryptos Are Printing “Perfect Sell Setups”

After plunging last week, the Bitcoin market has mounted a hefty recovery over the past week. The leading crypto asset traded as high as $9,700 on Saturday evening — just a few percentage points shy of the monthly high.
Ethereum has fared even better, with the asset pushing 10% higher within a 24-hour time period this weekend.
This recovery has convinced many traders that the crypto market is on the verge of a full-fledged bull run, but a key indicator is suggesting a “perfect sell setup” has formed.
Bitcoin & Top Altcoins Form “Perfect Sell Setup”
One prominent trader recently shared the image below, showing that top cryptocurrencies such as Bitcoin, Ethereum, and Chainlink are printing “perfect sell setups.”
“Even though some of [the assets are] on perfected sell setups, most [will see] new weekly highs, but TD says 80% of the market is toppy by next week! The list is long — I can’t fit them all in one chart,” said the analyst that shared these charts.
Charts of top cryptocurrencies, including Bitcoin, Ethereum, and Chainlink, from crypto trader “Moe” (@Moe_Mentum_ on Twitter).
The sell setups are shown by the fact that all the assets in the image are printing a Tom Demark Sequential “8” candle, often seen just before or at a trend’s high.  The Tom Demark Sequential is a time-based indicator that forms “8,” “9,” and “13” candles when an asset is near an inflection point in its trend.
Adding to the bearish sentiment, Bitcoin and other top cryptocurrencies are forming this “perfect sell setup” right below crucial levels of resistance.
For BTC, in particular, this is important.
Bitcoin is currently sitting at $9,500, just a few hundred dollars below the crucial $10,000-10,500 resistance.
It seeing a rejection here could spell disaster for bulls because that would mean BTC has formed a lower high on a macro timeframe. Consecutive lower highs, as seen over the past year, are suggestive of a macro downtrend.
The Fundamentals Are Still in BTC’s Favor
The fundamentals still lean in favors of bulls though, despite the bearish technical analysis depicted above.
Blockchain analytics firm Glassnode recently found that around 60% of the ~19 million BTC in circulation “hasn’t moved in over a year, showing increased investor HODLing behavior.”
The last time this much of BTC (percentage-wise) was “frozen” so to say was “right before the BTC bull market of 2017,” prior to the 2,000% rally that took Bitcoin from $1,000 to $20,000.
Chart of Bitcoin investor habits from crypto analytics firm Glassnode (@Glassnode on Twitter). The image was shared on May 29th, 2020.
Adding to this, the Chinese yuan has continued to slide against the U.S. dollar on expectations of sanctions and backlash.
The backlash comes after the mainland Chinese government began a process to impose a new security law on Hong Kong.
Featured Image from Shutterstock
Source: News BTC
Original Post: Key Indicator: Bitcoin and Other Top Cryptos Are Printing “Perfect Sell Setups”

Ethereum developer Danny Ryan speaks on ETH 2.0 progress, gives insights on new features

Ethereum’s upcoming 2.0 “Senerity” update is much-awaited among cryptocurrency circles. The update will see the world’s second-largest blockchain protocol move from a PoW to a PoS consensus mechanism, introducing features to bolster scalability, security, and speed.

Key Takeaways

Speaking on a podcast answering questions posed by Reddit’s r/ethfinance community, Ryan seemed upbeat on addressing all queries, dutifully explaining various stages of ETH 2.0, it’s upcoming features, and even answering concerns on possible centralization by opportunistic stakers.

Currently, most developer efforts are focused on the launch of Phase 0. However, Ryan notes Phase 1 is undergoing swift progress and should be quick to launch once Phase 0 is introduced to the market.

Ryan noted a computer like Raspberry Pi 4 “might be able” to handle Phase 0, but Phase 1 implementation might require more powerful hardware.

Some questions noted decentralized applications having similar objectives or output models could be, theoretically, run on specific shards to increase speed and output. To this, the developer hinted a DeFi-specific shard was not unlikely.

The idea of “ETH 3.0” has been floated around by some developers, noted the community. This involves replacing certain components of Ethereum with zk-Snarks, used by private protocols like Zcash, to create a “quantum-resistant” platform.

While some community members voiced the above idea, Ethereum co-founder Vitalik Buterin chimed in with his thoughts, via a comment on the podcast’s Reddit post:

“At present, I favor the basic structure of Ethereum never again changing after (ETH 2.0) is out; only incremental tweaks.”

Staking fears addressed

In the podcast, Ryan stated Ethereum developers “are aware” of the community’s concerns around the 32 ETH lockup to run a validator node, stating the team is open to discussions after the launch of Phase 0. He revealed earlier plans included ETH transfers between validator nodes, but were scrapped in the final design.

Ryan stated there shall be “disincentives” in place to keep “Staking-as-a-Service” providers from growing too large. This is presumably to prevent a Bitcoin-like scenario, where miner pools dominate up to 60 percent of the hash rate, creating a 51 percent attack scenario in theory.

For the above, Ryan said the developer team will work towards getting the entire Ethereum community involved and ensure the network is spread over as many clients as possible. Penalties are put in place to discourage centralization on a specific client/s or other points of failure.

As reported by CryptoSlate, a study by Ethereum venture lab ConsenSys last month found out most members are looking forward to staking as a means of passive income, with 65 percent of survey respondents indicating this intention.

Meanwhile, community members seemed pleased with Ryan’s podcast, with most stating the developer was adept in answering community questions which made for a “great interview.”

(The post has been heavily edited from a highly-detailed and extensive podcast for clarity and is focused on some main takeaways.)

The post Ethereum developer Danny Ryan speaks on ETH 2.0 progress, gives insights on new features appeared first on CryptoSlate.


Source: CryptoSlate
Original Post: Ethereum developer Danny Ryan speaks on ETH 2.0 progress, gives insights on new features

Bitcoin's LN is a 'slow and conservative process'

Bitcoin's scalability debate has been ongoing for years now with talks of SegWit, Lightning Network, Taproot/Schnorr signatures. Ethereum, on the other hand, has also been working on its scalability i

The post Bitcoin's LN is a 'slow and conservative process' appeared first on AMBCrypto.


Source: AMBcrypto
Original Post: Bitcoin's LN is a 'slow and conservative process'

Advancing Policy: Regulator and Industry Coordination Key to Swift Implementation

The art of enacting legislation in a timely fashion requires strong cooperation between regulators and industry officials.


Source: Cointelegraph.com
Original Post: Advancing Policy: Regulator and Industry Coordination Key to Swift Implementation

XRP could reclaim $0.245

XRP's price had been muted in a bearish posture for nearly two weeks. However, it moved above the crucial $0.200-mark; the coin has now exhibited a highly anticipated potential bullish break in the ne

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Source: AMBcrypto
Original Post: XRP could reclaim {$permalink}.245

Why Surging Options Volume Can Put an End to Ethereum’s Epic Rally

Ethereum posted an intense breakout rally yesterday that allowed it to set fresh local highs
This rally came about rather suddenly, with it coming about prior to any movement seen by Bitcoin or the aggregated crypto market
Analysts are now noting that this uptrend may start to falter in the days ahead, as it is currently repeating a pattern that is strikingly similar to that seen in months past
This potential weakness comes as Ethereum’s options see rocketing volume, signaling that ETH is likely to see heightened volatility

Ethereum’s recent uptrend allowed it to post massive gains, climbing from the lower-$200 region to highs of $250.
The cryptocurrency’s momentum has stalled a bit as of late, which could be a sign that buyers overextended themselves throughout the course of this latest movement.
It now appears that this upswing came about after ETH formed a similar technical pattern to that seen prior to its rallies in months past.
All of these rallies were fleeting and followed by sharp retraces, and if history repeats itself, ETH could soon find itself caught within another downtrend.
Ethereum’s Rally Stalls as Analysts Eye Potential Downside 
At the time of writing, Ethereum is trading up marginally at its current price of $235. This marks a notable retrace from daily highs of roughly $245 that were set at the peak of this latest upswing.
This movement first began last Thursday when ETH bounced from lows of $210 to $225. After hitting this level, the crypto ranged sideways for a day before incurring immense upwards momentum that led it to its recent highs.
The technical formation that drove this movement was the same one that triggered the other rallies it has seen throughout 2020.
One popular crypto analyst pointed this out in a recent tweet, offering a chart showing that striking similarities between this uptrend and the ones seen in February and April.
“ETH this time was not different… Up 15%+ after breakout & retest,” he said while pointing to the chart seen below.
Image Courtesy of Luke Martin
If Ethereum replicates its previous price action, it could see a bout of sideways trading before declining lower.
ETH Options Volume Rockets, Signaling Volatility is Imminent 
Another factor that could influence Ethereum’s price action is rocketing options volume.
According to data from research platform Skew, ETH options volume rose by $20 million on Deribit yesterday.
“New record for ether options volume on Deribit: $20mln notional traded yesterday,” they noted while pointing to the chart seen below.
Data via Skew
Heightened options volume suggests that the cryptocurrency is likely to see further intense volatility in the days and weeks ahead, and the aforementioned pattern suggests that this volatility will be to the downside.
Featured image from Shutterstock.
Source: Bitcoinist.com
Original Post: Why Surging Options Volume Can Put an End to Ethereum’s Epic Rally

$250 is Ethereum’s nieuwe weerstand

Ethereum investeerders kunnen erg blij zijn met de prestaties van de grootste altcoin in de afgelopen week. De Ethereum prijs is gestaag gestegen van $200 op 26 mei tot een piek van $247 eerder vandaag. Dit betekent dat de koers met bijna 23% is gestegen in 1 week tijd. Recordvolume bij Ethereum opties De opwinding rond Ethereum is ook te zien in aan een recordvolume van Ethereum opties die worden verhandeld op het Deribit platform. Volgens Skew.com werd gisteren, 30 mei, voor $20 miljoen aan Ethereum-opties verhandeld. Ook deelde Skew een uitgebreide grafiek waarin de toename van ETH opties sinds

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Source: Newsbit (NL)
Original Post: 0 is Ethereum’s nieuwe weerstand