Cryptocurrency exchanges play a crucial role in the world of Bitcoin and altcoins. Despite their centralized nature contradicting everything cryptocurrency stands for, these platforms facilitate access to this new form of money. Not all exchanges are getting the best of feedback regarding their business operations, however. When it comes to HitBTC, the recent findings by Coinfirm seem to confirm people’s worst fears. Potential Liquidity Issues are a Problem On the surface, all cryptocurrency exchanges look healthy enough. They generate plenty of trading volume and serve hundreds, if not thousands of customers each. There would be no reason to think anything The post 4 Major Concerns for HitBTC Users Confirmed by Coinfirm appeared first on The Merkle Hash.
Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since […] The post The Bitcoin Revolution: Everything You Need To Know To Take Profits appeared first on Global Coin Report.
May 2019, Shenzhen, China – QLC Chain has announced the launch of it’s Counter Telecom Fraud Platform. The platform, which officially launched on World Telecom Day, (May 17th) will offer financial institutions the means to build an Application-to-Person (A2P) messages ledger via QLC Chain, granting clients the ability to check and validate the authenticity of the message sender. As a result, users will no longer fall into the trap of phishing messages, disguised as trusted numbers. QLC Chain, China’s leading cloud communication provider, and China Association of Communication Enterprises (CACE) joined hands to deliver this platform. It is available for China’s financial institutions to deploy immediately and to The post QLC Chain Launches Counter Telecom Fraud Platform appeared first on The Merkle Hash.
Litecoin (LTC) has just tested a key support level again and is now likely to trade further within the descending triangle it has been trading in for the past two weeks. LTC/USD still has some room to trade sideways but it will have to break out of this triangle in the days ahead. If the price breaks below this triangle, it is likely to fall to the next support at $77. That support coincides with the 1.272 Fib extension level. If it fails to stop there, it will have to decline to $68.81. Either way, a fall below $80 is very probable in the days and weeks ahead. This decline might be followed by a temporary move to the upside but the big picture points to significant further downside for Litecoin (LTC) in the months to come. A bear market tests an asset for its true worth. We have seen the market inflict a lot of pain on many cryptocurrencies but maximum pain is yet to come. We still see a lot of useless forks of Bitcoin (BTC) as well as some useless ICO ‘projects’ that have to be wiped off the market before the next market cycle can begin. Before that wipeout, the next bullish cycle is very unlikely. The learning curve is very steep in this market and people have to learn a lot of things in a short time frame. Investors seem to be still learning what projects to invest and what to avoid but towards the end of this market cycle it will become a lot clearer. This is very healthy for the long term growth of this market. Even cryptocurrencies like Litecoin (LTC) that have been around for very long will have to prove that they have a use case other than being a short term alternative to Bitcoin (BTC). Chart for LTC/BTC (1D) Cryptocurrency enthusiasts often forget that the purpose of Bitcoin (BTC) was not to create a faster and cheaper digital currency but to solve the double spending problem with existing fiat currencies. So, if we keep forking other coins out of Bitcoin (BTC) and call them Litecoin (LTC) or Bitcoin Cash (BCH) or Bitcoin SV (BSV) or any of the other useless forks, that undermines the entire purpose of existence of Bitcoin (BTC). This does not mean that there is no place for other cryptocurrencies in the market but only that they cannot pose as Bitcoin (BTC) or its alternative. Litecoin (LTC) has been very popular since its inception and has remained in the top ten. The cryptocurrency continues to have a very loyal support base even though its founder sold most of his coins at the peak of the last bullish cycle. Bitcoin (BTC) derives its intrinsic value from its use case. Litecoin (LTC) derives its intrinsic value from its use case as being a Bitcoin (BTC) alternative. In other words, investing in Litecoin (LTC) means hoping Bitcoin (BTC) will fail for if Bitcoin (BTC) becomes faster and cheaper with upgrades like Lightning Network, Litecoin (LTC) will have no intrinsic value as it won’t have a use case.
Earlier this month, the Chief Techincal Officer of TRON, Lucien Chen announced his departure from the project. He had been with TRON since 2017 and laid out a three-point explanation as to why TRON just isn’t TRON anymore. Following the announcement by Chen, the TRON PR sprung into action and according to the representatives from the project, Chen was actually sacked from his position months ago because: “Suspicion of misappropriation of funds, bribery, competitive infringement, and theft of trade secrets and intellectual property.” The CEO and founder of TRON, Justin Sun lent validation to this claim by retweeting it and a Reddit thread came up which relayed this information to the community. A reported response from @Tronfoundation on the dismissal of CTO Lucien Chen, J. Zhu & X. Xie in Jan 2019 due to suspicion of misappropriation of funds, bribery, competitive infringement, & theft of trade secrets & intellectual property#TRON Reddit link:https://t.co/LeotF31NsS pic.twitter.com/RYMsn2J9rw — Misha Lederman (@mishalederman) May 11, 2019 Giving his reasons for leaving, Chen said: “The whole project has developed into a monetary tool without any “decentralize the web” spirit… The technology platform of TRON was built by me. I certainly know that the real Internet applications cannot function in TRON network at all currently. The TRON ecosystem is still far from commercial applications that users can really apply to.” There are now claims that the former CTO was bribing people, misappropriately using funds, theft and so on. A post on Reddit claims: “Chen, Zhu, and Xie were dismissed in January, 2019 for violation of corporate policies and the law. Relevant documents and materials have been handed over to the judiciary.”
There are always numerous developments in the technology sector to keep an eye on. Now that voice-powered personal assistants have become the new normal, some companies are already looking to the future. Amazon is currently in the process of building a device which will allegedly read human emotions. It also comes with its own mobile application, to make the technology more accessible. Amazon Cares About Your Emotions Even though a lot of people are uncomfortable with sharing personal information with major corporations, the rise in popularity of voice-powered personal assistants confirms the opposite is true. In fact, so many consumers The post Amazon Files a Patent to Analyze Consumers’ Emotions appeared first on The Merkle Hash.
In the thirteenth episode of Untangled we are exploring a use case of platooning.Jonas Brügmann, Nicolas Ruhland and Matthias Babel from the Fraunhofer Blockchain Lab of the Bayreuth University has developed a business model for vehicles to organize themselves in a platoon.Only the leader of the platoon will be controlled by a person, while the rest of the vehicles are driving autonomously. By using the Tangle, the platoon leader can get compensated in real-time for the leading efforts.Listen to the episode here to learn more.Fraunhofer Platooning | UntangledProvide your feedback here:Untangled is available on a wide array of platforms; all listed below:TransistoriTunesGoogle PlaySpotifyStitcherOvercastPocket CastsCastroRadio PublicTuneInUntangled Episode #13: Fraunhofer Platooning was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
There’s been a lot of activity in the markets over the past week and this week is no exception. Specifically, there’s been higher activity in the market because the biggest exchange in the world, Binance recorded some massively big levels of order volumes on 22nd May. Altcoin activity Aside from the recent dump in the market, altcoins were making some big moves in the market. According to Changpeng Zhao (CEO of Binance), the exchange has been seeing a high number of orders as if it was the late-2017 bull run. CZ said in a tweet: “We are seeing much higher order volumes (number of orders) than Dec 2017/Jan 2018 (the peak)... Trade (not order) volume in USD is 1/3 of the peak, but BTC price is 1/3 and ETH price is only 1/5 of the last peak, most other main alt prices are even lower.” The large number of users caused some difficulties for the exchange yesterday with CZ tweeting: Much heavier load than even peak of 2017. Good problem to have. Working on it. — CZ Binance (@cz_binance) May 22, 2019 Some users actually recorded losses because of the amount of users on the exchange. I've lost $1,000 do to your app lagging or freezing sell orders not go thru. Please help.... — CryptoChrisE/KingKush LLC (@KingKushCo) May 22, 2019 Others saw the excitement in this over usage of Binance. One user said: Bull run spotted!!! — Eswar Maruri (@eswar999sg) May 22, 2019
In a post published on HackMD, the Ethereum founder suggested using anonymity sets, which pool a selection of possible payers and/or payees to easily and quickly implement private transactions on the Ethereum network.