13 February 2018 News
Cryptocurrency, Bitcoin Stats, China, Iceland
by Darcy Butcher | Pacific Rim International |
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TOP THREE:
FIRST: Please note: XLM ready to break up/out. Has been added to another exchange also.
SECOND: ETC has reloaded and is on the climb and there is an upcoming airdrop. Coin holders will receive 1:1 ratio of the new coin Callisto (CLO). ETC is called the real Ether add the Callao airdrop for a sweet ride. If you are interested act asap please. It broke and retested the 200 ema (green line) and then took off in a bullish channel. It surpassed resistance levels at 0.0030 and 0.0036 with ease. It may retrace so watch and wait for another ABC pattern. Look for a pullback to either 0.0036 or preferable the top of the channel to gain the percentage play on this move. People are excited about Verified Digital Asset status for ETC and some say early buyers will drop ETC (sell off) for a profit.
THIRD: Charlie Lee (Litecoin Founder) confirms that talk of ANY fork is a scam.
LTC forecast:
Bullish Targets 1: $200 Target 2: $239 Target 3 $400
Currently the market cap sits at 413 billion USD. There is a push for BTC to hit 9,000 USD. This is why many advocates are encouraging the purchase of the coin.
** IF you are interested in amazing TA for BITCOIN please follow/upvote PHILAKONE (twitter is @philakoneCrypto).
The premium uncharge rate to purchase cryptocurrency in South Korea currently sits at 3-4% which is down a little. This puts South Korea as the 8th on the list of those purchasing Bitcoin (historically they have been consistently 1st and 2nd).
CHINA attempts to limit Cryptocurrency again. They are specifically looking at private groups in which people meet to buy the currency underground. They want to stop unofficial buying/trading and are making increased efforts to circumvent this process.
Positive Buy Volume
Some analysts are forecasting that Bitcoin is about to explode in price. In the end the estimate is that each bitcoin will be valued at 1 million dollars. A big bearish channel is consolidating and a clear reverse head and shoulders pattern has formed. Some are trying to predict the best outbreak and it is difficult because RSI volume is down and Bitcoin seems to have patterns at trading sidewise. People are watching closely and looking for a steady increase in price (instead of an extreme shoot up and dive down) over the next few months. Altcoins will also gain with a slower rise up. It is going to take a few days to a few week to see what trend is forming (unless a significant increase in volume increases). These may be some of the lowest prices Bitcoin will see (some say like ever again).
Bitcoin has only touched below the 30 RSI four times in the last year (March, July, September). When it touched it, each time it rose to all time highs. BTC RSI touched here yesterday and the rise is expected to take 2-3 months.
Iceland mining operations are popular and significant. They are using a great amount of electricity. They are debating whether to instate a mining tax. In many countries electricity is subsidize electricity and some are beginning to research the requests and add fees or taxes for mining activities.
Coinbase Commerce
Coinbase, a company that houses people's digital wallets for bitcoin and other cryptocurrencies, has a new way to pay and both consumers and merchants are noticing the option. The service, called Coinbase Commerce, "enables merchants to accept multiple cryptocurrencies" so funds arrive directly in their own wallets. It can be integrated straight into their own online checkout processes.
Bitcoin block times is currently at 8 minutes, 660 nodes, 0.7 billion in trade volume in the last 24 hours and the hash rate is back on track.
Cryptojacking. Browse Allowed is a plus-in that is placed (a malicious code that is injected into someone else's site) which then mines Monero (XMR). Some companies like Starbucks mine cryptocurrency in the background. What happens is a short code, javascript, is injected and then users will see that CPU usage goes up. Monero has seen a four times increase in mining in the last two months. It is one cryptocurrency that doesn't require the hardware that Bitcoin and others do to mine. Using computers works.
Gamers and other high powered CPU owners can now contribute to a cause which helps children in Syria by loading Game Changers. This will mine in the background and proceeds go to helping children.
Ethereum: There are currently 1 million transactions per day. Blockchain Growth: 27% located in North America. America, Russia, China and Germany are running the most transactions.
Red Pulse (RPX) has been listed on Binance
It is the first ICO token based on NEO blockchain and currently has a 135 million dollar market cap.
What is Red Pulse?
Red Pulse is a company based in Hong Kong that was originally started in 2015, when it spun off from consultancy company called Z-Ben Advisors. Red Pulse is already established. It is a fully working company even before the ICO stage two months ago. Red Pulse’s purpose is to cover all the market events in Chinese markets including companies, sectors and the overall economy of China. All the data are being delivered to investors, analysts and advisers who’re interested in the Chinese economy. The core value of Red Pulse is to provide content, quality information for investors, because Chinese markets are known for being pretty “noisy” and it has been hard to pick up the relevant and important information cause of many different sources. Red Pulses mobile platform is seen as a valuable tool for the investors and analysts all over the world.
Key Aspects of Red Pulse platform and RPX token:
Providing a platform that lets professionals of Chinese market contribute high quality content for market researchers, investors and analysts all over the world.
Relationship with APEX. APEX is a blockchain-powered data and interactions exchange. APEX is going to make online marketing great for the consumers and the companies. In the APEX platform both will benefit in a whole new way. APEX has a lot of big companies as their customers and yes, there really are some big names like BMW, Volvo, Casio, Hilton and McLaren to name a few. Also there’s awesome tech, infra and data ecosystem partners for APEX; Microsoft Azure and Accelerator, Amazon webservices, Alibaba cloud, Oracle marketing cloud, NEO smart economy and baidu. RPX and APEX will have cross-ecosystem collaboration and their customers will have access and some benefits from each others platforms. The symbiosis of NEO, RPX and APEX are leading to a valuable partnership.
The platform has a voting system where highly voted content producers earn more tokens from their researches. The voting system maintains the high quality content in the platform.
As a summary, Red Pulse tokens are used to pay for content creators works and it is an ecosystem for the whole platform.
Platform beta Q1/2018. Platform release Q3/2018.
LISK (LSK) expected to rebrand on 20 February announcing new developments. Expectations is that they will move in an upward trend.
Github Stats: A fixed windows error merged/fixed, grammar corrections (such as switching a to n), transaction fixes, tests and some network work with data requests. Nine code suggestions were accepted and 3 being requested.
LITECOIN CASH
Litecoin Cash is coming but apparently there is some controversy. Charlie Lee claims there is no such fork. That being said, here is the information out on the web. Please verify any interest or action with this process.
The Litecoin Cash team says "For every 1 LTC you hold at block 1371111, you can claim 10 LCC" I think this is how to safely get you free LCC without being Scammed if The Father is right.
Never ever paste private keys that hold any currency into any website or wallet in order to claim forked coins.
Step 1
Wait for the fork to happen
Move your Litecoin to a new address
Use the private key for the "old" address to claim your LCC
Source : https://www.prnewswire.com/news-releases/litecoin-cash---the-first-litecoin-fork-300597313.html
Thank you Jsnip for this tutorial on how to safely claim #LitecoinCash:
#LitecoinCash #LTC #airdrop #cryptocurrency
Please note that this is my opinion and not meant for financial advise. Each of us is individually accountable for our choices and actions. It takes time to compile news and if you benefitted from this I would really appreciate an upvote. Thanks and buy red sell green.