Ripple (XRP) is about to do something that the rest of the market might take a while to do. That something is the formation of a devastating death cross that could see it decline to new lows in 2019. All hopes of a bullish reversal were shattered when Ripple (XRP) formed a gravestone doji a few days back which led to a sharp decline below the 50 day moving average as shown by the daily chart for XRP/BTC. Ripple (XRP) is at a higher risk of forming a death cross compared to most cryptocurrencies as the 200 day and 50 day moving averages have drawn too close. The price has already broken below a critical trend line support and is now likely to retrace to the 200 day moving average. If Ripple (XRP) falls below the 200 day moving average against Bitcoin (BTC) which seems very likely, then we might see a continuation of the bear trend which could last the next few months. As we have mentioned in some of our previous analyses, we do not think the bottom is in despite what the mainstream media might have you believe. Just when things are about to take a turn for the worse, a wave of new bullish statements and announcements begins to surface and everybody is talking about what a wonderful invention cryptocurrencies are. Lest we forget, the exact same thing has happened many a time before. We have seen fund managers and tech figures come out in support of cryptocurrencies and the price tanked soon afterwards. The possibility of the death cross on the daily chart for XRP/BTC is very hard to ignore. If Ripple (XRP) slides below the 200 day moving average, it will be very difficult for it to get back up and the price will see its final drop that would take us towards the bottom. Even if we were to do an Elliot wave analysis of the above chart, it would be clear to see that we are about to enter wave five but we have not entered it yet. That is supposed to be the final wave of correction which would see the price fall to its true bottom. The daily chart for XRP/USD on the other hand points to a very favorable development that could see Ripple (XRP) form a golden cross. It would appear that the XRP/BTC and XRP/USD charts are giving us the opposite signals as what to expect for Ripple (XRP) in the near future. However, given that Bitcoin (BTC) has topped out short term and it is likely to go down in the days and week ahead, we are inclined to believe that the scenario outlined by XRP/BTC might be more plausible. Even if we were to believe that the golden cross is a plausible scenario at this stage, we would still have to consider why XRP/BTC formed a gravestone doji on the daily chart and why the price broke and closed below the 50 day moving average. All of these developments point to the fact that the bear trend is not over and Ripple (XRP) has yet to bottom.
While Kanban is often associated with software development and IT projects, more and more people are realizing how implementing a Kanban system can have a positive effect on workflow, operation costs, quality control, and customer satisfaction. But for many, going Kanban might either seem intimidating, or they might not see the benefits of implementing it […] The post 4 Reasons You Should Implement a Kanban Project Management System appeared first on NullTX.
Mark Zuckerberg gave an interview with Harvard Law professor Jonathan Zittrai, where he described his attitude towards blockchain and its implementation in Facebook. He thinks that the blockchain technology could provide Facebook users with power to have an data access to third-party apps. Facebook blockchain team was formed in May last year, they were discovering the methods of implementing best solutions using the blockchain technology. One of those is login authentication. During the interview, he said such feature would replace Facebook Connect, as the system would allow users to pick and choose the apps which they trusted. The user may even limit the amount of data shared. Zuckerberg explained: “You basically take your information, you store it on some decentralized system and you have the choice of whether to log in in different places and you’re not going through an intermediary.” Some services have already developed such systems, yet the social network will look at it from a different point of view. However, Facebook CEO admitted that such decentralized access would mean that situations like happened with Cambridge Analytica may repeat. We remind you Facebook Will Probably Face Multibillion-Dollar Fine Over Privacy Violations Subscribe to The Coin Shark news in Facebook:
Charlie Lee is determined to make Litecoin fully fungible and private in 2019. This is no easy task, we look at the different proposals on the table. The post Litecoin’s Mission to Become the Perfect Form of Money appeared first on CoinCentral.
Emaar Properties, developers of the tallest building in the world, Burj Khalifa (pictured above the clouds), with yearly revenue of about $6 billion, has begun accepting bitcoin and ethereum for payments... The post Dubai Property Giant Starts Accepting Bitcoin and Ethereum appeared first on Trustnodes.
The global payments services provider, FairFX has been up and running since 2007 and they have recently announced that they have been granted access to settlement accounts with the Bank of England. In addition to this, FairFX has become a direct partner of the UK’s Faster Payments Scheme. Ever since its creation, the UK’s Faster Payment Scheme has been quickly growing because it is the only real time, round the clock service that is seeing a continuous increase in demand with respect to business as well as personal customers. In addition to this, the company’s direct connection to the Faster Payments Scheme has been enabled by the New Access Model that extended access to the RTGS accounts held at the Bank of England. Ian Strafford-Taylor is the CEO of FairFX who said this on the matter: “Obtaining direct membership of the Faster Payments Scheme together with settlement accounts at the Bank of England represents a major step in the progression of FairFX Group. This development is in line with the Group’s strategy to streamline the payment supply chain, deliver lower payment processing costs, improve customer experience and facilitate product iteration.” The growing effort of the FPS is to inject more competition which will help keep growth up in the payments space. Change in this is sector has been overdue for a long time now so this is good news. In addition to this, FairFX can now directly settle payments with other members of FPS and it is eligible to join other payment schemes in the UK such as CHAPS and BACS. Last year alone, FairFX processed more than a million FPS transactions but after the partnership and its inductance into the FPS which will now be able to process these transactions in real-time. Last summer FairFX partnered up with Ripple as well as four other big firms from across the globe including, RationalFX, UniPAY, Exchange4Free and MoneyMatch. The blockchain solution xVia, is what these companies would be using. The API solution enables payment originators to access and experience the benefits of RippleNet. For those that don’t know, the originators are the people that send payments on behalf of a customer or client. The API solution will mean faster transactions into new markets and lower operational costs. In addition to this, speed is increased and a end to end visibility over a payment’s journey is available.
For the first time since August last year, the US Securities and Exchange Commission has a second Bitcoin ETF proposal to put under review. This comes as they recently started looking at the resubmitted VanEck-SolidX proposal filed on 31st January. The Bitcoin ETF proposal now appeared on the Federal Register which officially kicks off the 45-day period the regulator has to make an initial decision. Within this time, the SEC has three choices. They can either approve the proposal, decline the proposal or delay it so that they can make a final decision in up to 240 days. The public is looking to file responses and they now have three weeks to comment. Last week, the SEC published a Bitcoin ETF proposal which was filed by Bitwise Asset Management with NYSE Arca last week. The director of digital asset strategy at VanEck, Gabour Gurbacs highlighted that he thinks a Bitcoin ETF will serve the public interest. As per his words, he has been working with regulators and other market participants to bring “simplicity, transparency, and professional market standards to digital assets.” Following on from this, Gurbacs added, “I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.” The head of research at Bitwise, Matt Hougan said that the cryptocurrency ecosystem is quickly changing and evolving which could help with the approval of the Bitcoin ETF. It’s worth noting that the SEC commissioner Robert Jackson Jr. announced that he expects the financial product to get approved “eventually”. The research head at Bitwise continued saying that despite the crypto bear market, there have been numerous development in the ecosystem and a lot of companies are getting involved with it. “A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.” There are a lot of crypto enthusiasts that believe the Bitcoin ETF will greatly benefit the market through bringing in institutional investors and increasing its liquidity. Nevertheless, the SEC hasn’t approved an ETF just yet and has instead declined or delayed all the previous applications.
The County Auditors’ Association of Ohio has announced the formation of a working group to study the use of blockchain for the effective transfer of property deeds
Following the small gains we saw earlier in the week for Bitcoin and the rest of the crypto market, the choices traders are given seems to be getting harder every day. Investors and traders alike are confused about what to do with the finances but with some analysis on some of the biggest tokens and coins, that confusion might go away. TRX TRON’s native token TRX has always got some big publicity, mainly thanks to their founder and CEO Justin Sun, but when it comes to trading volume TRX is one of the most flexible tokens out there. Meanwhile, though TRON’s recent venture into BitTorrent is almost definitely going to see some increase in trading over the next few months. When it comes to TRX though, we could be seeing some big long-term gains for this cryptocurrency. XRP What can we say about XRP? One of the most popular tokens in the ecosystem and the third most valuable cryptocurrency in the space has made such a big impact on the world, even Changpeng Zhao commented on the token saying that he “can’t argue, the XRP army is strong”. XRP seems to be jumping between second and third according to CoinMarketCap, rivalling Ethereum in this sense. LTC Litecoin is another very popular cryptocurrency in the space. The fifth biggest coin, at the time of writing, hasn’t discouraged the coin to break out of the $40 region and reach $50 during the bull run earlier this week. HOT HOLO is a very HOT coin (pardon the pun) and it seems to be two steps ahead of the competition at all times. Stability is the way the forward when it comes to this cryptocurrency. LSK Lisk isn’t in the top ten. Lisk isn’t even in the top twenty. Currently, Lisk is 38th on CoinMarketCap and its trading price is just $1.24. Despite this, during the previous momentum we saw earlier this week, the cryptocurrency nearly got over $2 so maybe this is one to look out for. It’s up to you what you invest in but it is worth noting that we are not financial advisors and this is not financial advice. Investing in crypto currency is very risky, so only invest based on your own research and invest with money you can afford to lose, always remember to trade safe!
Bitcoin Cash [BCH] has survived the bear’s attack as the market added another $3 billion to the market cap overnight. The Bitcoin [BTC] hardfork, despite falling two places down the global coin ladder in the past few weeks, has broken several resistance levels and is now priced at its highest point since early-January. However, this seems […] The post Bitcoin Cash [BCH] Price Analysis: Short-term bearish market momentum threatens bulls’ position appeared first on AMBCrypto.
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