Markets Update: Bullish Sentiment Returns to Crypto Markets

Markets Update: Bullish Sentiment Returns to Crypto Markets

Cryptocurrency markets have been accumulating gains again after the significant dips in value during the first two months of 2018. BTC/USD prices are holding steady above the $11,450 price range after bouncing off the $5,900 bottom not too long ago. Digital asset enthusiasts speculate the market is starting to show strong bullish sentiment once again.

Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media

The Steady Uptrend Back to Higher Price Regions

Over the past twenty days, BTC/USD markets have been on a tear once again as markets are up well over 80 percent since touching its price bottom. Crypto-proponents, speculators, and traders believe digital asset markets will continue to rise to even higher price levels than before. BTC trade volume is fairly decent with roughly $8.9Bn swapped over the past 24-hours. Exchanges trading the most BTC volume today include Bitfinex, Okex, Binance, Upbit, and Bithumb. Currently, the Japanese yen is dominating currency volumes by 47 percent. This is followed by the USD (24%), tether (USDT 15%), the Korean won (5.5%), and the euro (4.6%). Presently BTC/USD market averages have been hovering around $11,450-11,550 over the past 12-hours.

Markets Update: Bullish Sentiment Returns to Crypto Markets
BTC/USD Coinbase February 20, 2018. 4-hour chart.

Technical Indicators

Looking at the 4-hour, daily and weekly charts BTC/USD markets have formed a solid uptrend over the last twenty days. The two Simple Moving Averages (SMA) both short and long-term have been close to crossing paths over the past 24-hours. Right now the short term 100 SMA is above the longer term 200 SMA indicating the path to resistance is on the upside. The Relative Strength Index (RSI) and Stochastic oscillators are also heading northbound showing bullish sentiment is in the air during Tuesday’s morning trading sessions. The MACd is also following suit but is showing there is much heavier resistance within these current price levels.

Markets Update: Bullish Sentiment Returns to Crypto Markets
BTC/USD Bitstamp February 20, 2018. 1-day chart.

Order books show on the upside there’s some resistance around the $11,900 zone as well as heavier opposition around the $12,200 range. If bulls can manage to muster up some strength and push past this region a $13K target isn’t too far off from sight. On the backside, there’s lots of foundational support between the $11,200 all the way to the $10,500 range. A break below the $10,200 area could bring the price below the $10K region but this scenario seems unlikely at the moment.

The Top Digital Assets

Most digital asset prices, in general, are up between 0.2-10 percent today following BTC/USD markets. Ethereum (ETH) prices are up 0.5 percent this morning as one ETH is hovering around $953 today. Ripple (XRP) markets are down today 0.6 percent as each token is worth $1.14. Bitcoin cash (BCH) values have been correlated with BTC/USD markets and BCH prices are up 0.26 percent. Lastly, Litecoin (LTC) now commands the fifth highest market cap as the currency has knocked Cardano (ADA) from its position. LTC prices are up over 9 percent and one token is averaging around $245. Today the total market capitalization of all 1,500 digital assets is above $512Bn at the time of publication.

Markets Update: Bullish Sentiment Returns to Crypto Markets
This week litecoin takes the #5 position and dash comes back into the top ten.

The Verdict: Bullish Optimism

Overall cryptocurrency proponents are optimistic that the bull market sentiment will continue. Many traders are envisioning all-time highs this year will reach between $30-50K before the next big correction. Of course, much of the predictions are based on speculation, Elliot Wave theories, and other forms of technical analysis that are spot on at times and sometimes way off the radar. In general, the BTC/USD rebound back above the $11K price region is a good sign compared to the lows touched a few weeks prior.

Where do you see the price of BTC and other digital assets heading from here? Do you think cryptocurrencies will see more gains? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images via Shutterstock, Bitstamp, Bitcoin Wisdom, AP, and Coinmarketcap.


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The post Markets Update: Bullish Sentiment Returns to Crypto Markets appeared first on Bitcoin News.


Source: bitcoin.com
Markets Update: Bullish Sentiment Returns to Crypto Markets

Decentralized IT Security Marketplace PolySwarm Launches Public Token Sale

Following a $15 million private pre-sale, PolySwarm opens Nectar (NCT) token sale to the public outside the U.S.


SAN JUAN, PUERTO RICO — FEBRUARY 20, 2018 — Decentralized IT security marketplace PolySwarm (www.polyswarm.io) today announced the launch of its public token sale. PolySwarm recently closed its private presale for its Nectar (NCT) token, raising an initial $15 million in funding from backers including Science Blockchain. Participants in the public Nectar token sale will receive a 20 percent bonus until $5 million is raised in the public sale, a 15 percent bonus until $10 million is raised, a 10 percent bonus until $15 million is raised and a 5 percent bonus until $20 million is raised.

Today’s antivirus and IT security market is dominated by single vendor offerings that often miss emerging threats. PolySwarm incentivizes a global community of information security experts to disrupt the $8.5 billion cyber threat intelligence industry, providing enterprises and consumers with unprecedented speed and accuracy in threat detection. By introducing a platform encouraging innovation and competition, the market will reward experts who are best able to protect users.

The PolySwarm market runs on Nectar, an ERC20-compatible utility token that makes it easy to submit and classify potential threats on the PolySwarm market. Nectar replaces traditional, outdated antivirus and threat-scanning subscription payments.

Steve Bassi, CEO at PolySwarm said:

Support from early backers demonstrates great interest in what we’re building at PolySwarm, and we’re excited to engage the information security and blockchain communities through our public token sale.

PolySwarm’s founders built the company out of Narf Industries, LLC, an information security firm that recently completed a blockchain-based identity management project for the Department of Homeland Security, as well as cutting-edge information security projects for DARPA. PolySwarm’s advisory board includes former McAfee CIO Mark Tonnesen, alongside renowned information security experts Dan Guido, Chris Eagle, Dr. Sergey Bratus, and Carl Hoffman.

About PolySwarm

PolySwarm is the first decentralized marketplace allowing security experts to build anti-malware engines that compete to protect consumers. PolySwarm incentivizes a global community of information security experts to disrupt the $8.5 billion cyber threat intelligence industry, providing enterprises and consumers with unprecedented speed and accuracy in threat detection. The PolySwarm market runs on Nectar (NCT), an ERC20-compatible utility token. For more information, please visit https://polyswarm.io.

MEDIA CONTACT: polyswarm@transform.pr


Images courtesy of PolySwarm

The post Decentralized IT Security Marketplace PolySwarm Launches Public Token Sale appeared first on Bitcoinist.com.


Source: bitcoinist
Decentralized IT Security Marketplace PolySwarm Launches Public Token Sale

Russia Real Wage Growth Beats Forecast

Russia Real Wage Growth Beats Forecast Russia Real Wage Growth Real wages in Russia rose 6.2 percent year-on-year in January of 2018, the same as an upwardly revised 6.2 percent gain in December and beating market forecasts of a 4.6 percent increase. Real wage growth remained the highest since September of 2013. Russia Real Wage […]
Source: bitcoinwarrior
Russia Real Wage Growth Beats Forecast

”Zen Master” Steven Seagal Eyes Up a Replacement for Bitcoin

Steven Seagal Eyes Up a Replacement for Bitcoin

Steven Seagal is eyeing up a cryptocurrency to replace bitcoin. Bitcoiin – count those I’s – may look and sound similar to bitcoin, but it is very different. It runs on the Ethereum network, confusingly, and boasts “zen master” Steven Seagal as its brand ambassador. To add to the confusion, Bitcoiin with two I’s sports a website that’s one letter away from this one and styled in the same colors. The whole affair could be dismissed as another crypto joke, were it not for a tweet from Seagal’s official account throwing his considerable weight behind the project.

Also read: The ICO Scam Train Arrives in Sweden – Meet “Starflow”

Dotting the I’s and Crossing the T’s

Steven Seagal Eyes Up a Replacement for BitcoinBitcoin has survived all kinds of foes, but in Steven Seagal it may have met its biggest threat yet. The man who spent his professional life beating up bad guys has one final boss in his sights: bitcoin. If Seagal has his way, the world’s most popular cryptocurrency will be dealt a lethal one-two combo courtesy of bitcoiin2gen (B2G).

Pronounced, presumably, in the same manner was one would pronounce bitconeeeeeeect, bitcoiin is being billed as the ultimate sequel that will be “bigger and better” than the original. Naturally there’s an ICO, a white paper, and a roadmap which speaks of $50 million of venture capital being raised in September of last year. Apparently $50 million isn’t enough to launch a cryptocurrency these days. With “unlimited potential clients” and a “worldwide network approach”, Bitcoiin is quite the groundbreaking project.

Zen Master Zteven’s version of Bitcoin.

A Token Project with a Token Ambassador

News.bitcoin.com will refrain from linking to the site to prevent link confusion, though the curious are welcome to explore Bitcoiin dot com for themselves. With a four-tier ICO referral scheme, Bitcoiin is a literal pyramid. As for what happens after the ICO, hypothetically at least, the main event is December 2018, when B2G is projected to be trading at the curiously precise price of $388 a token – and ‘token’ is the key word here, for this is an ERC20 project.

Steven Seagal Eyes Up a Replacement for BitcoinAnyone trying to wrap their head around Bitcoiin may wish to scrutinize the official press release. Scam, spoof, or ‘legitimate’ project, it makes little difference: all that matters is Steven Seagal is fronting an ICO named Bitcoiin. It seems strangely fitting that the star of Exit Wounds and Above the Law should wind up promoting a dubious cryptocurrency. The twilight of the 65-year-old’s career has been dogged with sexual misconduct allegations. Bitcoiin could be the final nail in the coffin for the Marked for Death actor.

What do you make of Bitcoiin and Steven Seagal’s involvement in crypto? Let us know in the comments section below.


Images courtesy of Shutterstock, and Linkedin.


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The post ”Zen Master” Steven Seagal Eyes Up a Replacement for Bitcoin appeared first on Bitcoin News.


Source: bitcoin.com
”Zen Master” Steven Seagal Eyes Up a Replacement for Bitcoin

Feds charge Chicago trader in first ever crypto-fraud case

After allegedly siphoning $2 million in Bitcoin and Litecoin from his Chicago employer, a 24-year-old trader who thinks himself “invincible” has become the first target of a criminal fraud prosecution involving “cryptocurrency.” According to an abc7 report and federal investators, 2016 University of Chicago graduate Joseph Kim is charged with fraud against Consolidated Trading LLC. […]
Source: bitcoinwarrior
Feds charge Chicago trader in first ever crypto-fraud case

South Korea to ‘Support’ And ‘Encourage’ Crypto Transactions – Regulator Chief

South Korea will “encourage” banks to interact with cryptocurrency exchanges, regulators have said in a surprising development in the country’s narrative.


Choe: We Want ‘Normal’ Transactions

As local news media outlet Yonhap News Agency reports Tuesday, Choe Heung-sik, governor of the Financial Supervisory Service, has announced government organs will “support” all legitimate transactions in the cryptocurrency trading space.

The comments were delivered during a meeting which included representatives from South Korea’s exchange industry.

The emphasis appeared to be on legal versus illegal transactions, with the promise of support “if normal transactions are made.”

South Korea Issues Ban on ICOsChoe’s hinting at a more open-minded stance from Seoul going forward forms part of a recent departure from lawmakers’ harsher words which caused public outrage in recent months.

Since December, talk of an outright ban on cryptocurrency exchanges had metamorphosed into a ban on anonymous trading. This was then joined by plans to create a Japan-style exchange licensing system, constituting an about turn in the space’s legal prospects.

Turbulence As Police Investigate Official Death

Despite the rapidly-changing landscape, however, Yonhap notes the general atmosphere of confusion and hesitation on the part of exchanges themselves to embrace the current market.

“Currently, local banks have been reportedly reluctant to open virtual accounts for cryptocurrency trading amid the government’s crackdown,” it adds commenting on the teething problems witnessed following the anonymous trading ban when it became law January 30.

 

On Monday, the government released data showing South Korea’s exchanges generated taxable revenues amounting to almost $650 million in 2017. Taxation, hastily enacted last month and worth 24.2% of that figure, is due for payment by the end of April.

At the same time, a more solemn development this week saw Jung Ki-joon, the official working on future cryptocurrency treatment plans suddenly die of a heart attack. Police investigating the event have since announced a more in-depth review will be carried out.

What do you think about Choe Heung-sik’s plans for cryptocurrency treatment? Let us know in the comments below!


Images courtesy of Shutterstock, Twitter

The post South Korea to ‘Support’ And ‘Encourage’ Crypto Transactions – Regulator Chief appeared first on Bitcoinist.com.


Source: bitcoinist
South Korea to ‘Support’ And ‘Encourage’ Crypto Transactions – Regulator Chief

An Interview with Kirill Suslov – The CEO at Finom and TabTrader Founder

The NewsBTC team recently reached out to Kirill Suslov, the CEO of Finom to know more about the FIN token sale. We asked him a series of questions and this is what he had to say.

NewsBTC: The market was excited about the latest news – you became the industry’s first company to take a bold decision of starting a new token sale right after the first one. What was your main idea for the second campaign?

 Kirill: The FIN token sale focused on large market players and funds. Actually, we raised 80% of our funding at the presale stage. In total, more than 7,000 investors took part in the campaign, but there were not so many private investors. All contributors received NOM tokens as a bonus when purchasing FIN security tokens and asked a lot of questions on how they can apply them.

Exploring NOM applicability, we discovered that the more frequently the token works in the business ecosystem, the more services and transactions it serves, the greater benefit it brings. So we decided it should serve not only as a discount or a bonus tool for certain services but as a full-featured payment method within the platform. To that end, we should attract more private investors from the crypto community, the audience our ecosystem caters to, and reduce the initial purchase price in order to make the token more usable as a payment tool available even for small transactions. And, of course, we need many more NOM tokens for these purposes.

NewsBTC: What was the reaction of your investors? It’s a sensitive moment, isn’t it? 

Kirill: I would say it was… different, as nobody has done that before. And, I have to say, it was much better than we expected. At the end of the day, nobody needs a useless gift, so a NOM token that has more value and application is much more attractive. Many of our investors understand that more NOM token holders and more transactions within the platform mean more capitalization and more dividends to shareholders (FIN token holders).

NewsBTC: You issued two tokens: FIN security and NOM utility. Why do you offer both token types? You could have just implemented additional emission of your security tokens.

Kirill: Yes, we could have done it according to the US legislation, but for the second token sale we decided to focus on utility tokens only. The release of FIN tokens was a bit of an experiment. No one has ever done that before, especially if we are talking about legality. The FIN token sale was guided by SEC (Regulation D of the American Securities Act of 1933), and the funds are being handled by the US-licensed escrow agent SharesPost. In fact, we digitized our company’s shares and offered them up for sale as tokens. A FIN is a share in our company, and it gives its holders dividends and the right to vote. We were able to underpin the tokens with Finom’s real profits.

However, security tokens have a certain drawback: according to the US legislation, they must be frozen for a year. Utility tokens are more familiar to investors, easier to issue, easier and faster to trade on exchanges. So, it is still an interesting challenge to combine both types, although the second token sale will be just for NOM tokens.

NewsBTC: You claimed to solve a huge market challenge – to design an all-in-one and single-window solution for the whole crypto industry, including mining, trading, and banking. Do you think it’s possible to implement?

Kirill: Our aim is to design the solution that may be called a financial Google-flavored service with blockchain and artificial intelligence. In our case we have 5 existing crypto services, forming an ecosystem of services with one login and one verification. Now we are working on services integration and reducing service commissions. In fact, when the services support each other, we do not need to pay a fee to different providers.

Indeed, such complex things like banking require huge expenses – for licenses, certificates, auditing and so on. However, we are still sure a platform where users get everything they need for their crypto operations including banking, payment processing and factoring right away is in high demand and can be implemented within the terms we offered in our roadmap.

NewsBTC: Why do you need the AI in your ecosystem?

Kirill: Virtual assistants are a good practice in the IT industry – Google Maps and Google Now, Alexa and Siri, AVR in the telco industry, and even bots in almost all the corporate channels, including banks. Ours will help the system to adapt to the goals of each user and suggest the most beneficial and relevant solutions. For example, the smart assistant can advise a user what to mine, when it’s better to buy some assets to increase revenue – as these processes are always ongoing and depend on a huge amount of factors, we need to add these AI and machine learning components.

NewsBTC: What do you mean by a single window in your ecosystem, can you give an example?

Kirill: Well, we developed the Beetle app for purchasing Bitcoin or Ethereum via bank cards. It is combined with Cryptonit exchange, where users actually buy coins through Beetle’s interface. This app was one of our first joint projects. In the upcoming weeks, Beetle and Cryptonit users will have one login and one verification for both services.

The second example is Finom Cloud Mining, a service for renting computer power to receive revenue in cryptocurrencies. We’re launching it in March 2018. The equipment installation and maintenance are covered by Finom. This Cloud Mining service is based on our Cryptal mining center and Nanopool mining pool. Some of the crypto coins will be mined via Nanopool to strengthen the pool and make the cloud mining cheaper for its users.

NewsBTC: So how many businesses and services are in Finom Group now?

Kirill: We have 5 services now –  Nanopool, TabTrader, Cryptonit, Cryptal and Beetle.io. We are going to release some more soon: for example, a desktop application for mining with an easy interface and auto-selection of the most profitable coins for mining.

NewsBTC: Now it seems that you have no experience with banking services yet. How do you plan to cover this area?

 Kirill: Sure enough, we faced banking with its operations and processes when back in 2014 we created a crypto terminal. Since then, we have become very closely acquainted with many banking aspects starting from licensing to legal approval. Now I can say we understand confidently how banking works and how it should work in the crypto industry. By 2020, we’re going to have a licensed bank and transform it into a crypto one with a network of crypto terminals.

A bit sooner, in 2018, we plan to release crypto e-wallets with linked debit cards. Miners will be able to use recently mined coins right away, transferring them to their wallets immediately. We’re also designing a platform for peer-to-peer lending.

NewsBTC: What is already done from your roadmap?

Kirill: In December 2017, Nanopool launched its seventh mining pool for a new cryptocurrency – Electroneum. The TabTrader team added Binance exchange to the app and is negotiating with Tidex and Lykke. Binance became the 23rd exchange in TabTrader.

Then, Nanopool received an ICP license (№ 苏ICP备17001807号-8) from the Ministry of Industry and Information Technology of China. The document allows the pool to be officially represented in the internet space of China and to work with its citizens. This happened with the help of our new advisor Xiaochen Zhang, President of Blockchain Frontier Group.

In January, Cryptonit exchange was reopened to new users, following extensive site rebuilding and rebranding. The exchange’s interface and trading engine have been completely revamped; it will allow the service to cope with larger loads.

We are going to announce more good news regarding our roadmap implementation very soon.

NewsBTC: What exchanges will trade your tokens, besides your own?

 Kirill: We plan to release NOM tokens on the key crypto exchanges in March 2018. We are working on agreements with Bittrex, Exmo, CEX, YoBit, BitFinex, Wex, Liqui, Livecoin, Cryptopia, Binance and Mercado Bitcoin.

FIN tokens will catch up to the NOM ones only 1 year later, as they are regulated by the US trade legislation and that’s why they have to be frozen for this period. This is common practice for the stock market. The lock-up period allows a reduction of the assets’ volatility and of the risks of insider dealing when entering the exchange.

All (except the US residents) will be able to trade FIN tokens at Cryptonit in 2H 2018.

The post An Interview with Kirill Suslov – The CEO at Finom and TabTrader Founder appeared first on NewsBTC.


Source: newsbtc
An Interview with Kirill Suslov – The CEO at Finom and TabTrader Founder