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Ethereum in a Fresh Decline, Accelerates Towards $200 Critical Support

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Jun 15, 2020 at 10:32 // News

Ethereum accelerates towards critical support

Following the breakdown on June 2, Ether has been fluctuating in a tight range between $230 and $250 to retest the current resistance.

The market fluctuated for over a week as the bulls retested the $250 resistance. The selling pressure persists as ETH drops to $230 low. The price corrected upward as ETH traded below $240 resistance.

The upward correction does not produce any respite as buyers were repelled at the $240 resistance. The market is on a downward move as sellers broke below $230 support. It appears most of the altcoins are experiencing a downward move as bears take control of prices. Meanwhile, the market is falling and approaching the low of $220. Ethereum will find support above $200 if the $220 support fails to hold.

Ethereum indicator analysis 

Ether has fallen below the 40% range of the daily stochastic indicating that it is approaching the oversold region of the market. In the oversold region, the selling pressure is likely to be exhausted. The bears are attempting to break the support line of the ascending channel. A break below the support line will further depreciate the coin. 

ETH-Coinidol_(32).png

Key Resistance Zones: $220, $240, $260

Key Support Zones: $160, $140, $120

What is the next direction for Ethereum? 

Ethereum is on a downward move as bulls fail to break the $240 and $250 resistance levels. The coin has dropped to $220 low and it is approaching the critical support level at $200. The current support is a historical price level in February, if broken it will push the price to the next support. 

Disclaimer. This analysis and forecast are the personal opinions of the author that are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds.

Source: https://coinidol.com/ethereum-fresh-decline/

Blockchain News

Kik Survives Legal Battle With the SEC, Kin Crypto to Continue Trading on Exchanges

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The Kin Foundation, the non-profit organization aiming to promote and govern the Kin crypto project, disclosed that both itself and the cryptocurrency has survived the recently concluded legal dispute with US Securities and Exchange Commission (SEC) over the 2017 Kin initial coin offering (ICO).

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The federal judge Alvin Hellerstein of the US District Court for the Southern District Of New York settled the legal case between Kik Interactive software development firm and the SEC. Justice Hellerstein said that Kik is “permanently restrained and enjoined” from violating Section 5 of the Securities Act.

As per the court order, Kik would have to pay a civil penalty of $5 million to the SEC within the next 30 days of the final court judgment. Besides that, Kik must give 45 days’ notice to the commission before any indirect or direct participation of a transfer, sale, offer, or issuance of any new digital asset, digital token or cryptocurrency, or any kind of ICO.

According to its blog post, Kin Foundation said that the Foundation and its Kin cryptocurrency are now out of the legal dispute. The Foundation said:

“In a nutshell, Kik is going to be OK. Beyond the monetary fine, Kik’s assets are still Kik’s property, including its remaining treasury, its Kin reserves, and all of its intellectual capital. Concurrently, the future of the Kin Foundation is not adversely affected. The SEC has not asked to register Kin as a security, and didn’t impose trading restrictions on it.”

Kik is now able to continue with its active development of the new code wallet and the open-source Kin SDK. Furthermore, the foundation stated that the SEC is not considering Kin as a security and is not in violation of securities laws therefore the token is free to trade on cryptocurrency exchanges.

The foundation said that its reserve is still active and it intends to continue growing the Kin ecosystem, seeking to hire a new executive director to join the team next month. The foundation revealed that the planned activity to migrate the token to the Solana blockchain would continue as scheduled.

The Origin of the Battlefront Between KiK and the SEC

In June 2019, the SEC filed a law enforcement action against Kik, alleging that Kik’s 2017 ICO was illegal because the firm sold tokens to US investors without registering the sale and offer as required by U.S security laws. Kik conducted an ICO in 2017 and consequently managed to raise $98 million, including $50 million in presales for Kin cryptocurrency.

Kik claimed that the ICO was for a currency and, therefore, was not subject to securities laws.  However, last month, Justice Alvin Hellerstein granted a motion for summary judgment to the SEC, noting that the commission was correct in its lawsuit, saying that tech company KiK should have registered its ICO under securities laws. The judge, therefore, ruled that Kik’s unregistered token offering violated Section 5 of the Securities Act.

Image source: Shutterstock Source: https://Blockchain.News/news/kik-survives-legal-battle-us-sec-cryptocurrency-continue-trading-exchanges

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AR/VR

Unity announces plans to release experimental version of Unity OpenXR early next year

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In Augmented Reality, Virtual Reality and Mixed Reality News

October 24, 2020 – Unity Technologies, a leading platform for creating and operating interactive, real-time 3D content, has recently announced that it plans to have early previews of its support of OpenXR on some platforms as early as the end of this year (Unity 2020 release cycle). The company noted that it has been closely monitoring the development of the OpenXR standard, and has accelerated its efforts to enable OpenXR in Unity.

OpenXR is an open standard created by the Khronos Group, aimed at simplifying augmented and virtual reality (AR/VR) development by allowing developers to seamlessly target a wide range of AR/VR devices. Unity is a member of the Khronos Group and is an active contributor to the OpenXR standard.

In a blog post on the announcement, Matt Fuad, Sr. Technical Product Manager, AR/VR at Unity, commented: “We’re at an inflection point now, where OpenXR 1.0 has been ratified and OpenXR runtimes by various vendors are reaching maturity. This inflection point has accelerated our efforts to enable OpenXR in Unity. Though we’re still working through some details, we want to reiterate our commitment to OpenXR and are excited to share our latest plans.” 

As OpenXR becomes the primary backend for many platforms, Unity added that it is working with its partners to ensure full Unity support of their OpenXR runtimes, along with the necessary OpenXR extensions to ensure parity with existing features. The company stated that its development efforts and support will be focused on providing the best developer experience on Unity supported platforms.

Furthermore, by enabling OpenXR support on partner platforms, it affords Unity the ability to make support widely available for other OpenXR runtimes/devices. Early next year, the company plans to release an experimental version of Unity OpenXR that works with other conformant OpenXR runtimes based on the OpenXR 1.0 specification. Of course, the company clarified that given the unbounded combinations of possible hardware/software configurations, it will not be able to test or guarantee that all configurations will work optimally. However, as issues are discovered with runtimes, Unity stated that it will work to contribute conformance tests and specification changes back to the Khronos working group to help the community as a whole. Additionally, the company will also make sure that it is clear to developers which platforms have been fully tested and thus supported by Unity.

Fuad added: “Our mission is to make it as easy as possible for developers to take their content to the widest set of desired platforms. OpenXR is an important part of that story, and will be implemented as a part of our XR plug-in framework (XR SDK).”

This means developers will be able to continue using Unity’s suite of XR workflows and frameworks (AR Foundation, XR Interaction Toolkit, Unity MARS) for platforms that adopt OpenXR, as well as platforms that may choose not to adopt it.

Unity noted that it will be announcing more updates over the coming months. For more information on OpenXR, please visit the Khronos Group’s website.

Image credit: Unity Technologies / Khronos Group

About the author

Sam Sprigg

Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he covers news articles on both the AR and VR industries. He also has an interest in human augmentation technology as a whole, and does not just limit his learning specifically to the visual experience side of things.

Source: https://www.auganix.org/unity-announces-plans-to-release-experimental-version-of-unity-openxr-early-next-year/

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Energy

World’s Sole Owner of PERKLONE and TRIKLONE Now Supplying Saudi Arabia Oil & Petroleum Refineries; PERKLONE EXT; Catalyst grade, UOP Approved

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Product name:

Perklone™ EXT ( Catalyst grade / refineries applications / Isomerization grade)

Perklone™ EXT ( Tetrachloroethylene /Perchloroethylene)

Perklone™ EXT (our branded product ( ICI Perklone EXT ; UOP approved product )

Banner Chemicals UK now offers to the Saudi Oil Refineries the UK unique product:

Perchloroethylene PCE (branded PERKLONE™ EXT)

Dr. Maggie Kessler, Export Director of Banner Chemicals says:

“We are delighted to supply PERKLONE EXT to Saudi Arabia. We have already seen great interest and satisfaction from our Saudi customers. We have supplied PERKLONE EXT to most refineries to worldwide, including to some of the world’s largest oil refineries. With our dedicated and committed team, the international recognition for PERKLONE EXT is growing worldwide and we look forward to sharing our success with Saudi customers.”

ABOUT PERKLONE & TRIKLONE , MEC Prime , BRANDS

Banner Chemicals exclusively supply all grades of METHYLENE CHLORIDE PRIME, PERKLONE and TRIKLONE brands, Including MEC Prime PHARMA , TRIKLONE U , TRIKLONE LE, PERKLONE MD, PERKLONE D  and PERKLONE EXT

PERKLONE, TRIKLONE, MEC Prime are registered trademarks supplied GLOBALLY and EXCLUSIVELY by Banner Chemicals UK 

  • All products are manufactured under ISO9001 from premium quality feedstocks and of 99.99% pure

About Banner Chemicals UK

Banner Chemicals is a 2M Holdings subsidiary, exporting to 90 countries and won the UK Queen’s Award  for enterprise.

Dr. Maggie Kessler, Export Director of Banner Chemicals says:

“The additional of Triklone U (High- Purity Trichloroethylene) to our Aerospace military ASTM range of solvents gives Banner Chemicals strong position in the chlorinated industry. This includes, Triklone U for: Caprolactam industry, Vulcanising and Adhesives industry (for rubber, tyres & and conveyor-belts).”

Release Summary / keywords:

Trichloroethylene, TCE, TRICK, Trikchlor, TRIKLONE

Perchloroethylene, PCE, PERC, Perchlor, PERKLONE

PERKLONE MD

TRIKLONE LE

ATMS Metal Degreasing

Vapour Degreasers

PERKLONE & TRIKLONE Aerospace approved degreasers

PERKLONE & TRIKLONE Metal degreasing‎ / Metal cleaning grades

PERKLONE EXT Catalyst grade, Isomerization grade

PERKLONE D  Dry-cleaning

TRIKLONE U for: Caprolactam industry,

TRIKLONE U for: Vulcanising and Adhesives industry

TRIKLONE U for: for rubber, tyres & and conveyor-belts

Contact: Dr. Maggie Kessler, telephone: +44-1928-597-000, email address: [email protected]

SOURCE Banner Chemicals UK

Source: https://www.prnewswire.com:443/news-releases/worlds-sole-owner-of-perklone-and-triklone-now-supplying-saudi-arabia-oil–petroleum-refineries-perklone-ext-catalyst-grade-uop-approved-301158971.html

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