Chelsea Manning releases campaign video for Maryland Senate seat

BALTIMORE, January 13, 2018.: Chelsea Manning, a transgender woman formerly known as Pfc. Bradley Manning, was convicted of leaking classified documents in the United States. Manning received a 35-year sentence for leaking more than 700,000 government files to WikiLeaks in 2013. Those files detailing information relating to the Iraq and Afghanistan wars. She also provided […]
Source: bitcoinwarrior
Chelsea Manning releases campaign video for Maryland Senate seat

Tron Struggles to Break Free From FUD

These are still very early days for crypto markets, and rising stars can fall just as quickly. Just ten days ago, one altcoin was looking to be the Next Big Thing, surging into the top ten and reaching the number six spot in the market capacity charts in a couple of days. Things can change quickly in crypto land, and a wave of social media FUD and PR blunders has brought Tron back down to earth.


There can be fierce rivalry and loyalty over different virtual currencies on social media, and this can produce waves of sentiment that can actually influence the performance of a token, in addition to the presence of a few whales and the odd shill. Tron has seen this first hand as it has fallen from grace and out of favor for often fickle and inexperienced crypto traders.

Tron TRX

Pump and Dump

TRX reached an all-time high of $0.28 on January 5th following a bucket load of publicity, a surge of 1700% since December 15th of last year. It has peaked and plummeted in the past month from $0.015 to its summit and then back again to $0.08, falling back a massive 70%. The USA Commerce cites this collapse to a number of PR blunders from the team at Tronix who are very active on Twitter.

The first major setback for the cryptocurrency was the posts circulating on social media that the white paper had been somehow plagiarized. Founder Justin Sun has taken to Twitter to offer up an explanation in which he essentially blamed the translators for the problem by saying:

Our original version of the whitepaper is in Chinese and we have a very detailed reference to the latest Chinese version. The English, Korea, Japanese and Spanish versions are translated by the volunteers. The translation missed numerous important details not just reference.

Add to this the omission of South Korean exchanges from analytics website Coinmarketcap, and the price continued to decline. Newbie traders panicked and a selloff ensued.

Partnership Promo

Tron has announced a number of partnerships recently, but they seem to have been a little over-hyped. Sun has taken to the micro-blogging platform to extol the virtues of his platform by claiming access to millions of Chinese users through new partnerships, such as the one he called Chinese Netflix. The company, Baofeng, will be using Tron in their hardware division, which does not directly relate to millions of new users.

FANG Stocks Lose Nearly $60 Billion as Bitcoin Claws its Way to the $10k Mark

According to a Medium post, the company has also hired tech experts from Alibaba, including Lucien Chen, who will head the team. There are also vague links with big investors, such as Feng Li, who apparently was one of the initial investors in Coinbase back in 2011.

Tronix has recently announced applications for registration in Japan where it is hoped that the coin will be listed:

We have officially filed the application to the financial regulators in Japan. Several Japanese exchanges will list us once the application is approved by the government.

There have also been rumours circulating on Reddit of a Tron coin burn in the next couple of months. This should reduce the total overall supply, which is 100 billion, and make the token more appealing to investors.

Considering this cryptocurrency has come from nothing to $0.10 in around six weeks, it is still an impressive feat despite the recent slide. However, in the fast-paced world of crypto trading, patience is a commodity in short supply, and those investing in Tron will need some to wait for those clouds of FUD to clear.

[Disclaimer: the author of this article is a holder of Tron (TRX)].

Is Tron destined for greater things or will the token be gone by the end of the year? Add your comments below.


Images courtesy of Tron: Legacy/Walt Disney (2010), TRON Foundation, and Bitcoinist archives.

The post Tron Struggles to Break Free From FUD appeared first on Bitcoinist.com.


Source: bitcoinist
Tron Struggles to Break Free From FUD

Telegram Followers – The New Metric for Cryptocurrency Success

Telegram Followers - The New Metric for Cryptocurrency Success

Cryptocurrencies are gauged by the size of their market cap. It’s a crude reckoner, but it’s good enough for most purposes. But what about projects that have yet to issue their coins or host their token sale? Increasingly, investors are turning to one metric that’s hard to fake and indicative of widespread support – Telegram followers.

Also read: 80 Percent of the Total Bitcoin Supply Have Now Been Mined

Social Proof is the New Market Cap

Telegram Followers - The New Metric for Cryptocurrency SuccessTelegram has long been the playground of crypto traders and enthusiasts. The great migration began sometime last summer, after ICO teams tired of running Slack channels that were filled with spam and spoofing. As a side effect of The Grammening, Telegram channel numbers became a useful metric for gauging a project’s support. Twitter followers can be bought, and no one in crypto uses Facebook, creating the perfect storm for Telegram to rise to the top.

Gone are the days when researching new coins and tokens was an esoteric art limited to a handful of crypto traders. Now everyone’s trying to catch the next Bitcoin, Ethereum, or Raiblocks, and that means getting in on the ground floor. Buying a coin as soon as it’s listed on a small exchange is no longer enough. Nor is buying a coin at the ICO stage. These days, true profit comes from getting in at the pre-sale stage, which means getting onto the whitelist – and that isn’t always easy.

Telegram Followers: The New Cap for Measuring Cryptocurrency Success

Telegram Followers: The New Cap for Measuring Cryptocurrency Success
Polymath

Today, for example, registration for Apex Network, which is holding its ICO on the NEO blockchain, closed in 15 minutes – and not before demand had crashed the website and forced Apex to issue an alternate registration link. With even the average ICOs oversubscribed, whitelist places are being offered to supporters who’ve already demonstrated their willingness to get involved with the project – such as by joining the Telegram channel in advance. ICOs are fast becoming an exclusive nightclub. Getting beyond that gilded rope calls for proving to the bouncer that you’re a VIP.

Two Channels, One Project

Telegram Followers: The New Cap for Measuring Cryptocurrency SuccessTo help investors gauge which ICOs are gathering the most momentum, ICO Whitelists has set up a tracker page that records which crypto projects have added the most followers in the past 24 hours. As the site explains:

99% of all ICOs use Telegram as a channel to interact with their communities. This means that we can measure the strength of ICO communities by measuring how big these ICO Telegram groups are.

For the most popular projects, one Telegram group is no longer enough. Securities token platform Polymath, this year’s most hyped project, has already hit Telegram’s 50,000 channel limit. Its solution? Open another channel. With many crypto projects still months away from distributing tokens and being listed on exchanges, Telegram popularity has become traders’ estimator tool of choice. When there are 50,000 investors baying to buy in, it’s immaterial what’s in the white paper – hype and FOMO win out every time.

Do you think Telegram popularity is a useful metric for gauging ICOs? Let us know in the comments section below.


Images courtesy of Shutterstock, and ICO Whitelists.


Tired of those other forums on the subject of Bitcoin? Check forum.Bitcoin.com.

The post Telegram Followers – The New Metric for Cryptocurrency Success appeared first on Bitcoin News.


Source: bitcoin.com
Telegram Followers – The New Metric for Cryptocurrency Success

Bitcoin Analysis January 16, 2018

BTC/USD

Bitcoin markets went back and forth during the trading session on Monday, but then rallied. The market continues to be range bound, and as we are on the bottom half of the consolidation area, we should be looking for buying opportunities. I think that range bound trading continues to be the case for this market, with the $17,000 level being the top.

BTC/JPY

Bitcoin went sideways against the Japanese yen, essentially showing a lack of determination. We consolidate in against the Japanese yen, with the ¥1.5 million level on the bottom, and the ¥2.0 million level on the top. I think that we will probably drift tire from here, but quite frankly there’s nothing compelling on this chart to have me putting a lot of money to work.

Thanks for watching, I’ll be back tomorrow.

The post Bitcoin Analysis January 16, 2018 appeared first on NewsBTC.


Source: newsbtc
Bitcoin Analysis January 16, 2018

Ethereum Analysis January 16, 2018

ETH/USD

Ethereum markets rallied significantly over the last couple of weeks, but Monday was rather quiet. It looks as if the $1300 level is offering a bit of support, just as the uptrend line just below pricing is. I think that it’s only a matter of time before we reach towards the $1400 level. If we break down below the uptrend line, the market sends this market down to the $1100 level.

ETH/BTC

Ethereum has rolled over against Bitcoin during the session on Monday, but quite frankly I think there’s plenty of support underneath. The 0.08 level underneath should be a bit of a “floor” in the market, and therefore any pullback to that area should offer value the traders are willing to take advantage of. If we break down below the 0.08 level, the market probably goes much lower from there.

Thanks for watching, I’ll be back tomorrow.

The post Ethereum Analysis January 16, 2018 appeared first on NewsBTC.


Source: newsbtc
Ethereum Analysis January 16, 2018

DASH and Litecoin Analysis

DASH

The dash markets did very little during the day on Friday, as we continue to go back and forth, and it looks likely that we are trying to build enough momentum to go back towards the top of the consolidation range, the $1200 level. If we break down below the $900 level, we should continue to go much lower. However, I think that we are much more likely to simply bounce and continue the overall sideways trading action.

 

LTC/USD

Litecoin markets did very little during the trading session on Monday as well, as we are celebrating Martin Luther King Day in America, so that of course has an influence on the lack of volume. I do think that we are much more likely to go higher, perhaps reaching towards the $270 level above. However, it’s probably going to be rather slow.

Thanks for watching, I’ll be back tomorrow.

The post DASH and Litecoin Analysis appeared first on NewsBTC.


Source: newsbtc
DASH and Litecoin Analysis

Russia To Vote On Legalizing Cryptocurrency Trading

The Russian Ministry of Finance has drafted a new bill to legalize cryptocurrency trading on organized trading platforms and will submit it for a vote to the federal legislature in February, Russian media outlets reported earlier this week. The bill would still need approval from Russia’s federal legislature. Alexei Moiseev, Russian Deputy Finance Minister, t […]
Source: bitcoinwarrior
Russia To Vote On Legalizing Cryptocurrency Trading