NEWSBTC: EOS rallied despite Governance Chaos

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Decentralized TV: Twitch.TV Supporting More Crypto Apps - Will Beat out Ebay in the Future?

Thursday, 28 June 2018 02:25

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TheChartGuys: NATGAS Technical Analysis Chart 06/27/2018 by ChartGuys.com

Thursday, 28 June 2018 02:26

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TheChartGuys: GOLD Technical Analysis Chart 06/27/2018 by ChartGuys.com

Thursday, 28 June 2018 02:45

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ConsenSysMedia: Highlights from Ethereal NY Blockchain Conference 2018

Wednesday, 27 June 2018 18:52

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Ethereal brings futurists, entrepreneurs, investors, media icons, government officials, artists, musicians, and humanitarians for a day of storytelling and knowledge sharing.

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TheChartGuys: SPY IWM QQQ VIX Technical Analysis Chart 6/27/2018 by ChartGuys.com

Thursday, 28 June 2018 00:59

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Tone Vays: LIVE From New Haven CT - Bitcoin Price Analysis and Audience Questions

Wednesday, 27 June 2018 17:46

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TheChartGuys: Bitcoin Ethereum Litecoin BCH Technical Analysis Chart 6/27/2018 by ChartGuys.com

Thursday, 28 June 2018 00:04

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TheChartGuys: WEED Technical Analysis Chart 6/27/2018 by ChartGuys.com

Thursday, 28 June 2018 00:25

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Trade Genius: The Fed is Draining the GDP of Sweden Every Month Now - Be Careful

Wednesday, 27 June 2018 23:00

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NEWSBTC: EOS rallied despite Governance Chaos

Wednesday, 27 June 2018 23:25

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It’s Invest Diva's Kiana Danial https://www.investdiva.com/ with NewsBTC and here is your cryptocurrency update. EOS is having problems in its governance, but its token price was one of the only cryptos to see gains on Wednesday. There’s been a ton of controversy on EOS blockchain surrounding the structure of its governance. In its current constitution, there are three distinct groups work to ‘keep one another in check.’ These three groups in the EOS ecosystem are the so-called Block Producers (BPs) – the equivalent of miners on blockchains such as Bitcoin (BTC). However, the nature of their role and power has created a bit of a mess and confusion within the community. To the point that one of EOS' top "block producers" had to get ultra harsh on Monday on the topic, saying that "They have to figure their own (bleep) out." All this chaos began on June 17, just three days after the network's launch. After a lot of backs and forths, on June 27th Dan Larimer, the CTO of EOS, has proposed rehauling the project’s existing constitution to limit the so-called arbitrators’ powers. Based on the comments on EOSGov Telegram chat stream, it appears the conversation around how to clean up the messy arbitration process is now moving in a productive direction. And thus the surge in EOS value. Taking a look at the EOS price action on the daily chart, it’s been just supported at the 61% Fibonacci retracement level at around $8 while moving below a bearish Ichimoku cloud. We remain in a wait-and-see mode to discover whether this support can prevent the prices from moving lower to the next psychological level, which is $4.6. The important resistance levels are set at $10 and $12 respectively. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.

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