BEAT TokenBEAT Token BEAT news

Price, 24h
0.002536 USD / 0.00000029
0.24% / -5.87%
Volume, 24h
189 USD
325,783 / < 0.01%
Chart price/vol/NIS 7d
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Did the Coinbase Effect Just Get Beat Out by the Binance IEO Effect?

Many people are aware of the Coinbase Effect, which is an interesting phenomenon that allows cryptocurrencies to surge in price around the time that they are listed with Coinbase. This effect has been attributed to Coinbase’s positive reputation, but there are also suggestions of insider trading driving the price increases. Now, with Binance’s new launchpad […]
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Ethereum Market Watch: Failed To Beat Expectations, Is ETH Losing Momentum?

Ethereum has stalled in its price gain momentum toward its recent price surge which has taken the coin to a high level when you look at the bullish pennant breakout situation. But no matter how the cryptocurrency tries to get there, it appears not to be moving that high. It seems like the coin mostly tries to run into a solid resistance but then take a quick drop below its usual mark. Bigger problems ahead Although Ethereum has managed to stand against adversity and overtaking competitors, the battle may not yet be over for the cryptocurrency as its biggest defense now is to trail competitors again and hope they fail in fulfilling promises they made to solve major industry issues. Also, dApps and protocols are migrating from Ethereum, which is not suitable for its network.   Furthermore, Despite big-time frame overbuys and many people expecting a bullish trap of a golden cross, Ethereum price might keep soaring through critical and tough resistance levels. However, as the cryptocurrency is said to near the 300$ resistance mark, there is an expectation that the coin will be allowed by one level to a breakthrough in the near future. Ethereum, the second largest cryptocurrency by market cap., has its time running out. According to analysts, rejections at the downwards channel apex have brought the fear of ETH gradually losing momentum and might see a downtrend for the rest of the month. For some people, Ethereum can be the main deal this year but taking a more in-depth look; the cryptocurrency does not seem to have a durable buy setup at its recent level.   In any case, Ethereum has many developments ongoing and upcoming such as the lunch of Ethereum 2.0 in 2021, which is expected to solve scalability issues. The cryptocurrency still brags a solid fundamental which may probably really the price above the $350 mark and take it to pass the anticipated price of $600 by summer. The post Ethereum Market Watch: Failed To Beat Expectations, Is ETH Losing Momentum? appeared first on ZyCrypto.

Gold Surges Higher... But Can Bitcoin BEAT Gold?

Gold has had a dramatic surge recently. But can Gold eventually break its 2011 highs of near 1900? Or will Bitcoin Do what Gold could NOT do? For more on Bitcoin visit: For Membership:
Alessio Rastani

Citi could beat expectations in 2020, Goldman says in upgrade

Citigroup can beat consensus expectations in 2020 regardless of higher interest rates or stronger global growth, and is well positioned for potential supply chain shifts in Asia, Goldman Sachs said in an upgrade of the stock to buy from neutral.
American Banker

Elon Musk Is Going to Mars, but Donald Trump Might Beat Him to It

By CCN: Elon Musk’s space ambitions are no secret. The eccentric boss of Tesla and Space X aims to land a spacecraft on the moon and begin setting up a Mars colony within the next decade. But he faces tough competition… from the president of the United States. Donald Trump doubled down on his own space vision this weekend during a state visit to Japan. Speaking at a press conference with Japanese prime minister Shinzo Abe, he said: “We’ll be going to the moon. We’ll be going to Mars very soon. From a military standpoint, there’s nothing more important right The post Elon Musk Is Going to Mars, but Donald Trump Might Beat Him to It appeared first on CCN

Max Keiser Says ‘Stack Satoshis,’ Bitcoin to Beat All Asset Classes

By CCN: Broadcaster Max Keiser is a noted bitcoin bull. The host of the Keiser Report on media channel RT is well-known for his $100,000 bitcoin price forecast, telling the world time and again to keep accumulating the digital currency because it is on its way to hitting six figures. Keiser doubled down on his $100,000 bitcoin price target earlier this month. Now he’s reiterating his ambitious outlook, suggesting in an interview with CNBC Crypto Trader that it’s only a matter of time for the bitcoin price to reach his target. “The timing is immaterial. It is still going to The post Max Keiser Says ‘Stack Satoshis,’ Bitcoin to Beat All Asset Classes appeared first on CCN

Will privacy coins beat Bitcoin? Analysis of Monero, Zcash, Verge, Komodo, and Grin

The cryptocurrency market is going through a correction after the recent surge above $8,000. Yet, relative to BTC, will privacy coins fare any better? Using two indicators—support resistance levels and moving averages—it is possible to assess the outlook for Monero, Zcash, Verge, Komodo, and Grin. Indicators The first technical attribute that will be used to analyze the mid-term future of the top anonymity coins is the support and resistance points. According to Investopedia, these are defined as a series of predetermined “price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction.” Support points are able to hold or pause the market valuation of an asset during a downtrend, due to the volume of buy orders. Conversely, resistance points contain the price of an asset from continuing to ascend during an uptrend because these can be seen as profit taking levels where the volume of sell orders are high. Additionally, the moving averages (MA), which are some of the most popular indicators, will help determine the short-term outcome of the cryptocurrencies in this analysis. A moving average is a trend line produced by looking at the average price of an asset over a specified period of time. Monero On the 1-day chart, Monero went through a consolidation period from Apr. 3 until May 10. During that time span, it was trading within a series of support and resistance levels between $73 and $62. After XMR broke out of that range, it went up to the next resistance point sitting at $78.6 which became support once it was breached. Then, it went up another 20 percent to try to break above the $94 resistance point, but it failed to do so and retraced to the  $78.6 support level. Now that XMR is sitting at support, a rebound could be expected from this area back to resistance. However, if this privacy coin is not able to gain enough bullish momentum to bounce off it could continue to fall down to the next support levels. On the 4-hour chart, it seems like the recent drop in monero’s market valuation was determined by the break of the 7 moving average. Although the 30 MA could not hold the price from falling further, it seems like the 50 MA could be acting as a support point. Breaking below the 50 moving average could take Monero down to test the 100 MA or the 200 MA, sitting at $74.5 and $71.5 respectively. To the upside, XMR could have a hard time breaking above $84 since that is where the 7 and 30 moving averages are crossing. But, if it is able to move above this level it could try to retest the $94 resistance level. ZCash The $61 support level has been a key support point for ZCash. This level was able to hold its market valuation for almost a month until ZEC was able to gain bullish momentum and go up 28 percent. After it reached the $78 resistance level a bearish spinning top candle formed predicting a pullback, which indeed influenced a retrace to the $68 support level on the 1-day chart. If the $68 support level is able to hold, it could trigger a rebound to the $78 resistance level or even higher. Breaking below this zone could take this privacy cryptocurrency further down. On the 4-hour chart, the 30 moving average has been able to hold ZEC from descending even more after the 7 moving average failed to do so. A bullish engulfing candle formed around this zone predicting that ZCash could be about to bounce off. If this cryptocurrency is able to trade above the 7 MA once again, then it could be expected that it will try to test the $78 resistance level. However, if there is not enough buy pressure and ZEC breaks below the 30 MA it could find some level of support around the 50 MA. Verge On the 1-day chart, Verge failed to break above the $0.011 resistance point. This was followed by a 19 percent pullback. If XVG’s market valuation continues to deflate it could try to test the $0.0084 support level. A further drop could take XVG down to $0.007, which represented a very strong support point that held this crypto’s price for over a month. Breaking below the 7 moving average created a massive drop in XVG’s market valuation that took it down to the 30 moving average. Around that zone, a reversal candle formed which could be signaling that Verge is about to rebound to the $0.011 resistance point. Only if, it can first break above the 7 moving average with high volume. Komodo Komodo has been trading between the $1.22 resistance level and the $1 support level for over a month. Although it has tried to break above and below those levels multiple times, it goes back to trade within this range. A spike in volume that can take KMD out of this trading zone remains to be seen. KMD can be seen trading above the 7 MA on the 4-hour chart, which is a bullish sign. If it remains trading above this moving average, it could try to go back up to test the $1.3 resistance level that can be seen on this chart. To the downside, it seems like the 100 and 200 MA are providing support for Komodo’s price but breaking below them could trigger lower lows. Grin The hype around grin seems to have faded as it has experienced a steady decline in its price since it was released into the market earlier this year. The selling pressure does not seem to be over as every time it is able to gain some bullishness the long-term bearish trend reasserts itself. On the 1-day chart, it is noticeable that grin must continue to trade above the $1.88 support zone, which is the lowest point it has reached so far. Breaking this level to the downside will get it to make new all-time lows. Nonetheless, this privacy coin is being supported by the $2 zone at the moment. If it is able to hold around this area it could go back up to the test the $2.34 resistance point or even higher if the volume picks up. On the 4-hour chart, it can be seen how the 30 moving average is the last barrier grin has before a drop down to the $1.88 support level. This moving average has been holding for over the past twenty hours and it could be getting weaker as time goes by. It remains to be seen whether bullish momentum that could take this cryptocurrency above the 7 moving average and potentially to test the $2.4 resistance level, given by this chart. Overall Sentiment After going through the support and resistance points of the top privacy cryptocurrencies, it can be implied that a rebound could come soon for most of them. Bullish momentum could be starting to pick up in the near future allowing these coins to recover from the recent pullback. However, it will be worth paying attention to the support level of the digital assets mentioned above because a break below that level could push them further down. For more information on, see our privacy coins sector page. The post Will privacy coins beat Bitcoin? Analysis of Monero, Zcash, Verge, Komodo, and Grin appeared first on CryptoSlate.
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XRP Spikes 10% on Ripple MoneyGram Partnership News

Big partnership announcements have been thin on the ground for many of the major crypto companies recently. That changed for Ripple a few hours ago when the firm announced a strategic partnership with one of the world’s largest money transfer companies, MoneyGram. XRP Climbs 15% in a Week Compared to bitcoin and litecoin, XRP has been asleep for the past two months. Even Ethereum has outperformed it in terms of percentage gains. That all changed a few hours ago when XRP awoke from its range bound channel at $0.42 and surged almost 10% to hit an intraday high just over $0.46. A minor pullback followed in the hours after the announcement but XRP is still one of the day’s top performers. XRP price 1 hour candles – XRP 00 has climbed almost 15% over the past week as it was trading just under $0.40 this time last Tuesday. Daily volume has just topped $2 billion as XRP market capitalization approaches $20 billion. The gap to ETH in second place is still $10 billion in terms of market cap, however. It has been one of the best weeks for XRP in terms of gains as the Ripple token has only made 27% since the beginning of the year. Big Partnership Driving FOMO The San Francisco based firm announced the partnership on its company blog late last night. It stated that the initial partnership will last two years during which Ripple will become the key partner for MoneyGram’s cross border payments and foreign exchange settlements. A substantial capital commitment of $50 million has also been pledged by the blockchain company enabling MoneyGram to draw it over a two year period in exchange for equity. Ripple’s xRapid system will be deployed for the partnership. It facilitates on-demand liquidity enabling instant transactions by reducing reliance on pre-funding. The XRP token will be used as the ‘real-time bridge’ between different currencies. Ripple CEO, Brad Garlinghouse, stated; This strategic partnership will enable MoneyGram to greatly improve its operations and enable millions of people around the world to benefit from its improved efficiency. This is a huge milestone in helping to transform cross-border payments and I look forward to a long-term, very strategic partnership between our companies. MoneyGram has a $600 billion global remittance market supporting multiple currencies in more than 200 countries. Traditional forex markets requiring advance purchases are currently used for international transfers. The partnership and leverage of Ripple’s native token are expected to reduce costs and increase transfer speeds for the firm. Alex Holmes, MoneyGram Chairman and CEO, added; Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management. Will XRP hit $0.50 this week? Add your comments below. Images via Shutterstock, The post XRP Spikes 10% on Ripple MoneyGram Partnership News appeared first on

XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms?

Ripple bought a share issue from MoneyGram worth $30 million at $4.10 per share to acquire 8-10% of the company. MoneyGram would also have an option of infusing another $20 million over the next two years. A strategic partnership will now ensue where Ripple will become the critical service provider for cross-border payment and foreign exchange settlement using digital assets. The digital asset they will be leveraging is Ripple, using Ripple’s xRapid Product. This partnership is a massive step towards the vision with which Ripple began, and investors put money is XRP. Also Read: Ripple Fathers’ Day Gift Propels It Past $0.4400 as Bulls Return Until now, MoneyGram has had to use banking services to provide settlements for payments they initiate. Due to the difference in time of settling payments, MoneyGram has to take loans to increase the required liquidity. However, by deploying xRapid, they will now be able to leverage XRP’s liquidity to provide cheaper and faster settlements. MoneyGram Chairman and CEO, Alex Holmes noted, “Through Ripple’s xRapid product, we will have the ability to instantly settle funds from US dollars to destination currencies on a 24/7 basis, which has the potential to revolutionize our operations and dramatically streamline our global liquidity management.” MoneyGram reported a net loss of $24 million in 2018 compared to a net loss of $29.8 million for the fourth quarter of 2017. The money transmitting service provider has been working towards developing, and 2019 will be part of the roadmap. Hence, the success of this strategic partnership is crucial for MoneyGram. Also Read: Bitcoin Vs Facebook Coin: Should Bitcoin Hodlers Care About Facebook Coin? Currently, MoneyGram works independently by leveraging money from banks. Ripple CEO Brad Garlinghouse told the media,  “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations,” XRP/USD 4-Hour Chart on Bitstamp (TradingView) Moreover, while XRP recorded gains around 5%, it rose from $0.43 to a reach high at $0.46. Notably, a partnership like this back in 2016 or 2017 would have likely propelled the price by 30%. This can be attributed to an apparent decrease in the use case for MoneyGram itself. Digital payment is quickly becoming more accessible than ever with major firms working on implementing or integrating digital currencies on their respective platforms. Facebook is the most prominent example of it. Do you think MoneyGram and Ripple will be able to increase their volume and user base in the current environment? Please share your views with us.  The post XRP Gains 5% as Ripple Forms Strategic Partnership with MoneyGram; Last Resorts for Both Firms? appeared first on Coingape.

Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP

Ripple has secured another major partnership with international money transfer company MoneyGram. This will allow the company to use Ripple’s native token XRP to provide liquidity for international payments to MoneyGram customers. This is in a bid to enhance the speed and efficiency of the payment system that MoneyGram operates. In an interview with Fortune on the partnership, Ripple CEO Brad Garlinghouse said: “This will eliminate the need to deploy foreign bank accounts. That’s why MoneyGram has negative working capital. It will help customers and also smooth out their treasury operations.” The partnership also gives Ripple an 8% to 10% stake in MoneyGram by paying $4.10 per share. This, however, does not give Ripple a voice in the dealings of MoneyGram for now as part of the agreement. MoneyGram, on the other hand, will have the opportunity of reviving its financial standing from Ripple’s investment which it direly needs after its share price crashed significantly.  It will also increase the efficiency of the payment platform, the management said. “We are very pleased with the terms of the Ripple investment which supports the Company with permanent capital and additional liquidity,” Larry Angelilli, chief financial officer of MoneyGram, said in a statement. “This partnership also provides MoneyGram with the opportunity to improve operating efficiencies and increase earnings and free cash flow,” Larry Angelilli, the chief financial officer of MoneyGram said. Ripple is the leader in remittance services as far as the blockchain industry is concerned. Its xRapid is second to none in terms of transaction efficiency and speed. With the new partnership, XRP which will be used for liquidity will be exposed to MoneyGram’s customers in over 200 countries globally. MoneyGram is the second largest provider of money transfer services in the world and while partnering with Ripple will ensure better service delivery to its customers, it is also a huge breakthrough for Ripple which has been looking to expand its reach further into the world. With hundreds of clients using Ripple’s payment platform, the company has grown significantly thus improving the international remittance settlement market by improving customer experience in conventional financial institutions. The post Ripple Partners MoneyGram to Enhance Cross-border Payments with XRP appeared first on ZyCrypto.

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million

Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas MoneyGram, a global money transfer company, announced today it has entered into a strategic agreement with Ripple (XRP), the provider of enterprise blockchain solutions for cross-border payments. The deal will enable MoneyGram to utilize Ripple’s xRapid product, leveraging ripples (XRP) in foreign exchange settlement as part of MoneyGram’s global payment process With an initial term […] Ripple (XRP) enters key partnership with MoneyGram; invests $30 million - CryptoNinjas

Ripple Announces Game-Changing Partnership With MoneyGram

By CCN Markets: Ripple announced a partnership with money transfer giant MoneyGram today. Two Year Exclusive Agreement, Ripple and MoneyGram According to Ripple Labs, a two-year partnership has been struck with MoneyGram which makes Ripple its exclusive digital assets partner. The purview of Ripple’s use case here might be more limited than expected. It depends on how many of the transactions are sent and received using Ripple’s technology and how much they’re worth. Whatever the case, the partnership doesn’t, for example, mean that you’ll be able to buy and sell XRP at any MoneyGram location. Something along those lines would The post Ripple Announces Game-Changing Partnership With MoneyGram appeared first on CCN Markets
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