It’s yet another dark day for Bitcoin. In fact, it’s the darkest one this year. The currency has once again set a new low for the year. At press time, the currency was trading at $3,230, down 10 percent in just 24 hours. The currency was performing especially poorly on some markets such as BitMEX, […] The post Bitcoin Sinks Below $3,200 as Teenage Bitcoin Millionaire Says Its Dead appeared first on NullTX.
Cardano (ADA) is preparing for a fall as Bitcoin (BTC) looks likely to extend losses below $3,000. This leaves Cardano (ADA) no choice but to fall below $0.025 during the upcoming sell off. As you can see on the weekly chart for ADA/USD, there is very little room for further downside and Cardano (ADA) may rebound very quickly after falling below $0.025. This means that investors should be looking for entry positions instead of expecting a big fall from current levels. The worst thing to do right now would be to go short on Cardano (ADA) without any risk management. The price may look vulnerable for a fall but it should be borne in mind that Cardano (ADA) is already significantly oversold and is one of the most undervalued projects in the cryptocurrency space. The trend line for support seen on the weekly chart is one that Cardano (ADA) has held since the beginning of its correction. It would be extremely unlikely to see it break during the upcoming crash. That being said, we have seen top coins like Bitcoin (BTC) and Ethereum (ETH) break critical market structures. By comparison, Cardano (ADA) is still a very small cryptocurrency and it would not be surprising to see it behave irrationally in the face of market pressure. The price has failed to even retest the 5 Week EMA since the beginning of the recent crash. This does not look good from a technical analysis standpoint.It would not be unreasonable to say that trading Cardano (ADA) at the moment is no different than catching a falling knife. Investing in Cardano (ADA) right now is a whole different story though. As mentioned before, this is the best time to start accumulating for those that believe in the project and are willing to hold their ADA coins for the next few years. Cardano (ADA) is just getting started and the vast majority of cryptocurrency still have absolutely no idea as to what this project is about or aims to achieve. All they know is that it is one of the top ten largest coin by market cap. This goes on to show how cryptocurrency enthusiasts know so little about this coin. Frankly, the major reason Cardano (ADA) has been able to receive its current level of recognition and acceptance is because it is the brain child of Charles Hoskinson, the CEO of IOHK. Cardano (ADA) is yet to complete its correction against Bitcoin (BTC) as is clearly shown by the weekly chart for ADA/BTC. It is currently trading in the last section of the pitchfork and has significant room for further downside. The price has been continuously rejected by the 5 Week EMA at least for the last twenty weeks! Even though the EMAs have now come closer, but this is not the first time it has happened. We saw in July that the market gave us a false signal of a reversal when the EMAs started to align together, but the price soon dropped further and paved the way for a bigger correction.
Status recently laid off 25 percent of its staff and reduced wages for other employees. It says it's committed to delivering on its white paper, improving the app, and building core infrastructure.
Berlin, December 14th, during the hot Berlin summer this year, a team from the Audi Denkwerkstatt started a four month innovation sprint to explore the opportunities of using IOTA technology to solve real world problems in the area of mobility, IoT and automotive.(https://blog.iota.org/audi-think-tank-iota-foundation-explore-tangle-based-mobility-use-cases-29d43e1cf51)Five months later it was time to present the final project results to a selected crowd in Berlin and Ingolstadt and to passing in review of what the team has experienced during the last months. The presentation was a success and it was yet another example of the importance to explore new technologies like IOTA with a customer centric approach.Audi Denkwerkstatt & IOTA: Final presentation in BerlinDuring the first weeks of the project, the Audi Denkwerkstatt team was focused on doing research and interviewing domain experts to define and describe the problem and solution space. After the exploration phase, the team and additional experts worked in stealth mode to focus on finalizing the first prototype, collecting user feedback and getting closer to product market fit. During that time an IOTA Foundation team acted as consultants on a regular basis on topics like technology, use cases and business models. Both sides learned from each other’s expertise and contributed to the final results of the project.Malte Schönefeld (Audi): ”We really had a great time working with the folks from the IOTA Foundation. Exploring new topics is always exciting and it requires excellent team work and dedication to really get something done within six months.”Janine Härtel (IOTA): “Audi Denkwerkstatt has a nice track record of projects and IOTA is proud to have been able to experience the work style and team spirit” & Jan Pauseback (IOTA) “It is another proof that innovation requires collaboration and a hands-on mentality.”The end result is focused on enabling trust in e-mobility — it is not yet clear, where the path finally goes — so stay tuned for further information!About Audi Denkwerkstatthttps://blog.audi.de/audi-think-tank-innovations/?lang=enWe can’t imagine life without mobility, yet nowadays ‘mobility’ goes way beyond the car, encompassing infrastructure solutions and new concepts of locomotion, as well as pedestrians. But what will the premium mobility of the future be? Who will define it, who will influence it and who will shape it?The Audi Denkwerkstatt would like to answer this question with “WE WILL”. ‘WE’ being Audi employees from all business areas and levels of the company who are working on the answer to this question in the Berlin co-working space, ‘The Factory´ „Factory am Görlitzer Park“.But ‘WE’ also means start-ups, technology partners and the creative talent who are helping us to develop and realize products and business models. ‘WE’ want to use Audi’s strength as a centre of technology expertise and combine it with start-ups’ skills in agile development, creative approaches and absolute customer focus.About IOTA FoundationIOTA is a not-for-profit foundation incorporated and registered in Germany. The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies (DLT), including the IOTA Tangle. The IOTA Tangle is an innovative type of DLT specifically designed for the Internet of Things (IoT) environment. It is an open-source protocol facilitating novel Machine-to-Machine (M2M) interactions, including secure data transfer, fee-less real-time micropayments, and the collection and dissemination of sensor-based and other data. www.iota.orgAudi Denkwerkstatt & IOTA: Shaping the future of mobility was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
CoinTelegraph: Swiss Federal Council: Existing Financial Law Should Be Adjusted to Blockchain Industry
The Swiss Bundesrat said that existing financial law in the country suits the blockchain industry, but needs some tech-specific adjustments
AMBCrypto: Ethereum [ETH] Technical Analysis: Short-term relief imminent as long-haul still in limbo
Ethereum [ETH], the third largest cryptocurrency, has been trying hard to fight the bear in the past few weeks, and it seems to have a little control over it. The cryptocurrency has seen a minimal growth of 0.81% in the past seven days. According to CoinMarketCap, the coin was valued at $86.56 with a market […] The post Ethereum [ETH] Technical Analysis: Short-term relief imminent as long-haul still in limbo appeared first on AMBCrypto.
The European Commission is asked to further its analysis of blockchain technology and how it can help European importers and exporters take advantage of preferential trading agreements.
While the market bleeds red, Stellar [XLM] and EOS lose to the bear too. The coins which are among the top 10 powerful coins have been suffering the curse of the market over the past few weeks and nothing has seemed to change now, other than the fact that they are slipping by large margins. […] The post Stellar [XLM] crashes by 7.40% while EOS slums by over 5% appeared first on AMBCrypto.
The European Parliament has released a provisional resolution calling for increased adoption of blockchain technology in trade