Connect with us

Blockchain

Satoshi Nakaboto: ‘Bitcoin price shoots up 5%, nears $8K’

Avatar

Published

on

Satoshi Nakaboto: ‘Bitcoin price shoots up 5%, nears $8K’

Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Satoshi Nakamoto used to say: Intelligence is in the eye of the beholder!

Bitcoin price

We closed the day, January 6 2020, at a price of $7,769. That’s a respectable 4.84 percent increase in 24 hours, or $358. It was the highest closing price in forty-six days.

We’re still 61 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $140,976,457,304. It now commands 69 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $23,276,261,598 was the highest in two days, 38 percent above the year’s average, and 48 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 462 tons of gold.

Bitcoin transactions

A total of 299,011 transactions were conducted yesterday, which is 8 percent below the year’s average and 33 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.17. That’s $3.54 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 11,880 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 15.1 percent, and the top 1000 34.9 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $142 Billion, Amgen has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 95.5 percent behind being on track. Bitcoin‘s price should have been $175,776 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 16,540 fresh tweets about Bitcoin were sent out into the world. That’s 9.0 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

Most popular posts about Bitcoin

This was one of last day’s most engaged tweets about Bitcoin:

This was yesterday’s most upvoted Reddit post about Bitcoin:

Let&aposs go Bitcoin, don&apost stop! from r/Bitcoin

And this was yesterday’s top submission on Hacker News about Bitcoin:

Store the proof of a webpage saved with SingleFile in Bitcoin (woleet.io)

print(randomGoodByePhraseForSillyHumans)


My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.

Published January 7, 2020 — 10:06 UTC

Published at Tue, 07 Jan 2020 10:06:11 +0000

Continue Reading

Blockchain

Uniswap Price Analysis: 18 May

Uniswap’s price was holding above support at $35.44, however, after the recent push, the price dropped below this level. This drop in value increased volatility in the market and was followed by a rec

The post Uniswap Price Analysis: 18 May appeared first on AMBCrypto.

Avatar

Published

on

Uniswap’s price was holding above support at $35.44, however, after the recent push, the price dropped below this level. This drop in value increased volatility in the market and was followed by a recovery effort that pushed the price right above the support line.

Currently, UNI was trading at $35.80 with a market capitalization of $20.08 billion.

Uniswap hourly chart

Source: UNIUSD on TradingView

The above chart of UNI indicated that the price of the digital asset fell under the $35.55 support. Although bearish pressure pushed the asset’s value under this level, the market always bounces back. Despite the recent downtrend, buyers boosted the price higher and gave way to a bull trend.

UNI’s value could be looking to move towards higher levels.

Reasoning

Bollinger Bands were noting a strong divergence, at the time of writing. This divergence hinted at the rise of volatility once again as the price tried to build higher. Signal line pointed at the rise of bullishness as it moved under the candlesticks marking the upward trending price.

The 50 moving average had also slipped under the price bars and was acting as immediate support.

The rise in buying pressure had been a result of the inflated prices as highlighted by the rising value of the relative strength index from the oversold zone. Currently, RSI value had moved past the equilibrium zone and remained at 56. This indicated that the buying pressure was dominant in the UNI market while the momentum was also growing for buyers.

Crucial levels

Entry-level: $36.30
Take profit: $37.83
Stop-level: $35.53
Risk to Reward: 1.97

Conclusion

The current UNI market suggested a bullish movement for the digital asset. Going forward, the price of UNI could rise to the immediate resistance at $37. While the indicators suggested a strong market, a sudden shift in volatility could change this trend.


Sign Up For Our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/uniswap-price-analysis-18-may

Continue Reading

Blockchain

Why The SEC Opposes XRP Holders’ Involvement In Action Against Ripple

XRP holders have been trying to gain a voice in the action against Ripple Labs and some of its executives filed by the Securities and Exchange Commission (SEC). However, the regulator has opposed by any means at its disposal. In a reply memorandum filed on May 17th, the Commission reiterated its position against the motion […]

Avatar

Published

on

XRP holders have been trying to gain a voice in the action against Ripple Labs and some of its executives filed by the Securities and Exchange Commission (SEC). However, the regulator has opposed by any means at its disposal.

In a reply memorandum filed on May 17th, the Commission reiterated its position against the motion to intervene presented by the collective called “Movants”, 6 XRP holders in the representation of their community.

The SEC claims that these investors are “improperly” trying to take a role in the action via an “amici curiae”, a form of legal instrument that would grant the holders a status of assistance in the case. Thus, they could provide expertise and their unique point of view as investors.

The regulators claim that the XRP holders can’t “offer any unique perspective”, information or additional details that could provide value in court. Also, the Commission added that the Movants have a bias point of view and “advocate for the same outcome as Defendants”, Ripple Labs and executives Brad Garlinghouse and Chris Larsen. The documents claims:

Seeking to inject themselves as “third-party defendants” in this action, Movants would act as “friends” of Defendants, not true “friends of the court,” if permitted to participate as amici.  And Movants’ arguments are not relevant to (and would improperly expand) the violations charged by the SEC in this action.

How XRP Holders Could Affect The Action On Ripple Labs

Therefore, the SEC asked for the denial of the motion presented by Movants and claimed that their involvement would bring “prejudice” to the court. In that way, this participation could “transform the nature” of the case and even go as far as deny the SEC the right to “discovery”, according to the document.

One of the Movants, lawyer John E. Deaton, responded to the memorandum. The expert said that the legal entities in the United States had granted “amicus” in cases where parties, according to the SEC’s logic, could be classified as “bias”. Deaton added:

It’s granted to someone with strong interest in or views on the subject matter of an action, but not a party to the action.

Lawyer Jeremy Hogan said that XRP investors should not participate as full litigants but acknowledged that they can bring relevant facts to the court. Hogan added:

to argue that Ripple and the XRP litigants are in collusion goes too far. I think the Judge should (and will) grant limited “amici” participation – something obviously the SEC doe NOT want to see happen.

While the crypto market bleeds, XRP has held a strong ground against bears and trades at $1,62, at the time of writing. Lower timeframes show medium profits with 7.9% in the daily chart. Higher time frames are in the green with a 15.4% and 4.3% profit respectively.

Ripple XRP XRPUSDT
XRP with moderate gains in the daily chart. Source: XRPUSDT Tradingview

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/why-the-sec-opposes-xrp-holders-involvement-in-action-against-ripple/?utm_source=rss&utm_medium=rss&utm_campaign=why-the-sec-opposes-xrp-holders-involvement-in-action-against-ripple

Continue Reading

Blockchain

BIC’s Video News Show: Cardano Update

Avatar

Published

on

In this episode of the BeInCrypto video news show, host Jessica Walker will discuss Cardano (ADA), its recent flock of supporters and projects gaining momentum in preparation for its Alonzo update, which will enable smart contracts on the blockchain.

Why is Cardano Going Up While Other Cryptos Drop?

Unlike most other cryptocurrencies, cardano was largely unaffected by Tesla announcing it would suspend accepting bitcoin (BTC) as payment. In fact, ADA rallied, pushing about $2 for the very first time. 

Increasing appeal of Cardano

Investors seeking greener alternatives to bitcoin could be one of the reasons for Cardano’s rally. Unlike bitcoin, ADA utilizes a much less energy intensive proof-of-stake (PoS) consensus mechanism. The fact that fellow PoS crypto Polygon also saw a boost lends credence to this theory. This appeal has led to a growing number of partners for the Cardano ecosystem.

Cardano also now includes crypto stalwart Mark Cuban as one of its supporters. Cuban has recently started a Twitter thread asking about the utility of certain cryptocurrencies. In response to this thread, Cardano founder Charles Hoskinson aired a video about Cardano’s plans for the future. After an exchange of tweets with Hoskinson, Cuban ultimately said that he’s rooting for the project.

Alonzo upgrade and enabled projects

Despite ADA’s price declining at the time of recording, several interesting developments could strengthen the long-term prospects of Cardano. First and foremost is Cardano’s Alonzo upgrade, announced in April. This will enable support for smart contracts on Cardano by August. This upgrade paves the way for dApps and decentralized finance (DeFi) applications and provides developers with tools for creating business applications.

DeFIRE

First among them is DeFIRE, which is a Cardano-based smart order routing platform. The firm announced it had successfully raised $5 million ahead of its up-and-coming Initial DEX Offering. It will be the first fiat on-ramp and swap solution for Cardano native tokens, allowing token holders to swap one Cardano token for another directly. It is designed to support massive liquidity from institutional order flow originators and retail traders. 

Revuto

Revuto is the next project that has been attracting attention, as it will be the first public token sale on the Cardano platform. Anyone can participate and reserve a spot on the sale by signing up for their Whitelist.  Revuto provides users with a simple solution to manage their subscriptions to certain services, such as Netflix and Microsoft, among others. Additionally, Revuto reduces costs, has protection against hidden fees and free trial “traps,” and takes full advantage of Cardano’s newest features.

CardStarter

We also noticed a strong interest in CardStarter. This Cardano project accelerator is up over 40,000% since launching in mid-April, catapulting from a price of $0.15 at launch to a high above $60 on May 11. CardStarter also offers projects building on Cardano the option to crowdsource early funding from a community of donors on its platform.

Holding the CARDS token guarantees early allocation to vetted projects that utilize the CardStarter platform to CARDS holders. Growth has been fast and it already has a market cap of over $100 million.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/bics-video-show-cardano-update/

Continue Reading

Blockchain

SEC Allegedly Using All Means Possible to Block XRP Holders From Presenting Evidence

Avatar

Published

on

The case being raised by XRP holders to present evidence is allegedly being blocked by the U.S. Securities and Exchange Commission (SEC) using “red herrings, personal attacks, and irrelevant case law to distract the court from XRP holders’ meritorious request for intervention.”

In a recently submitted memorandum of law in reply to Plaintiff, Securities and Exchange Commission’s opposition of Proposed Intervenors’ Motion to Intervene, XRP holders said that the existing parties do not adequately represent their interest.

The SEC has been in an ongoing battle with Ripple Labs since last December. Announcing on December 22 that they had filed an action against Ripple Labs and two of its executives, Brad Garlinghouse and Chris Larsen. This filing alleged that Ripple had conducted an unregistered securities offering of $1.3 billion.

Ripple denies these claims on the basis that their tokens, XRP, are a cryptocurrency and not an investment contract. This case has not gone the way of the SEC thus far, with Ripple winning several crucial battles since the filing last Christmas.

Now, XRP holders claim that they should be allowed to speak for themselves:

“XRP Holders do not seek to broaden the scope of the SEC’s claims but rather protect their interests and provide the Court with critical information necessary for the fair disposition of this case. If intervention is granted, there will be no delay in the proceedings or adjudication of this case.”

They further say that “intervention will provide this Court with a more complete picture of the issues presented and contribute to a just and equitable adjudication of all claims and defenses.”

Case so far

Ripple’s CEO Garlinghouse has slammed the SEC on several occasions since they first filed against Ripple. He has gone on to point out that the SEC is the only regulatory watchdog in the developed world to deem XRP a security.

While the case has gone in Ripple’s favor by enlarge, the initial lawsuit had a disastrous effect on the company. The price of XRP fell more than 70% last December and many exchanges delisted XRP. However, the token has recovered to new highs since and some shrewd appointments, such as Rosie Rios, former U.S. Treasurer, have seen faith restored in Ripple Labs.

Latest case by the SEC

In their latest filing for the objection for third party defendants, SEC lawyers claimed:

“Seeking to inject themselves as ‘third-party defendants’ in this action, Movants would act as ‘friends’ of Defendants, not true ‘friends of the court,’ if permitted to participate as amici. And Movants’ arguments are not relevant to (and would improperly expand) the violations charged by the SEC in this action.”

With the U.S. government officials suggested permitting third-party defendants to intervene would open the door to intervention by even more XRP investors. This ongoing battle is further evidence of the SEC’s complex relationship with cryptocurrency.

XRP token

The XRP token is a digital asset created specifically for financial institutions and payment providers. Like the SWIFT payments system, it works as a payment settlement and remittance system where transactions are adopted by a network of servers.

Converse to the function of bitcoin (BTC) as an alternative to fiat currencies, XRP tokens are used by the Ripple payment system as a cheaper and speeder network than bitcoin or traditional payments systems.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Adam is working in London while studying for a self-paced MicroMasters in Data, Economics and Public Development online with MITx. Before this he studied at Trinity College Dublin where he first became interested in cryptocurrency and blockchain. First writing for a university publication on cryptocurrency in 2015, Adam has been writing about and following the crypto economy ever since.

Follow Author

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/sec-allegedly-using-all-means-possible-to-block-xrp-holders-from-presenting-evidence/

Continue Reading
Big Data30 mins ago

Saudi Aramco to co-lead report on cyber resilience in oil industry

Big Data30 mins ago

Product warranty startup Extend raises $260 million, SoftBank leads funding

Big Data31 mins ago

Biden administration eyes cybersecurity funding after hacks

Big Data31 mins ago

China bans financial, payment institutions from cryptocurrency business

Blockchain31 mins ago

Uniswap Price Analysis: 18 May

Blockchain40 mins ago

Why The SEC Opposes XRP Holders’ Involvement In Action Against Ripple

Blockchain51 mins ago

BIC’s Video News Show: Cardano Update

Business Insider1 hour ago

Tafi Announces New Campaign with VRChat Featuring Updating Nikei Avatar

ZDNET1 hour ago

Google beefs up Workspace security with these new features

Business Insider1 hour ago

Real Estate Economist Dr. Peter Linneman to Serve as Economic Advisor to Capital Square

Business Insider1 hour ago

Vise Raises $65 Million in Series C Round

Business Insider1 hour ago

Canadian Market Modestly Higher In Cautious Trade

Business Insider1 hour ago

Fintech Startup Janover Inc. Awarded Inc. Magazine’s Best Workplaces of 2021

Techcrunch1 hour ago

Click-and-mortar is a better model for healthcare

Esports1 hour ago

Checking connection: ROCCAT Kone Pro Air review

Blockchain1 hour ago

SEC Allegedly Using All Means Possible to Block XRP Holders From Presenting Evidence

AR/VR1 hour ago

Nvidia’s First DLSS Compatible VR Games Include No Man’s Sky

Business Insider1 hour ago

Medscape Education’s Psychiatry Update 2021 Focuses on Hot Topics in Mental Health

Visual Capitalist1 hour ago

Which U.S. Generation Wields the Most Economic Power?

Business Insider1 hour ago

Medical Indicators Launches Blog Providing Up-to-date Information on the Healthcare & Medical Device Industries

Business Insider1 hour ago

Altice USA Gets Downgrade From BofA: Here’s Why

Business Insider1 hour ago

WarnerMedia-Discovery merger is expected to create $3 billion in savings – here are some of the jobs at risk

Business Insider1 hour ago

HCSS Introduces New Version of Aerial With Innovative Features for Heavy Civil Contractors

Aerospace1 hour ago

Benchmark Space Systems and Starfish Space team up to advance orbital docking and refueling

Fintech1 hour ago

Dorothy is a startup that offers faster cash post-disaster

Esports1 hour ago

Every cosmetic arriving in Legends of Runeterra Patch 2.8.0

Esports1 hour ago

Legends of Runeterra Patch 2.8.0 brings new event, Dark Horizon

Esports2 hours ago

Legends of Runeterra Patch 2.8.0 adds skins for champion cards and Mega Guardians

AR/VR2 hours ago

Nvidia Adds First DLSS VR Titles Including No Man’s Sky

Techcrunch2 hours ago

Watch Google I/O keynote live right here

Trending