ChainlinkChainlink LINK news

Token for ChainLink, a decentralized oracle platform.
Price, 24h
1.27 USD / 0.00014500
2.67% / 8.78%
Volume, 24h
33,416,726 USD
0.00%
Marketcap
428,160,227 / 0.16%
Emission
Chart price/vol/NIS 7d
Asset details

World latest news

Chainlink Price Analysis LINK / USD: Trying To Emerge

Chainlink has a bullish short-term bias, with the LINK / USD pair recovering above its 200-period moving average on the four-hour time frame The four-hour time is now showing that a bullish breakout from a descending triangle pattern is currently underway The daily time frame is showing that the LINK / USD pair is struggling to move above its 200-day moving average Chainlink / USD Short-term price analysis Chainlink has a bullish short-term trading bias, with the cryptocurrency rallying above its 200-period on the four-hour time frame. The four-hour time frame is now showing that a bullish breakout from a descending triangle pattern is currently underway, placing the current monthly trading back into focus. Technical indicators on the four-hour time frame are bullish and continue to issue buy signals.   LINK / USD H4 Chart by TradingView                                                                                  Pattern Watch Traders should note that a bullish inverted head and shoulders pattern could start to form. Relative Strength Index The RSI indicator on the four-hour time frame is bullish and continue to issue a buy signal. MACD Indicator The MACD indicator on the four-hour time frame is bullish and continues to issue a buy signal. Chainlink / USD Medium-term price analysis The LINK / USD has a bearish medium-term trading bias, with the cryptocurrency struggling to overcome its key 200-day moving average. The daily time frame is showing that bullish momentum is starting to fade, following the LINK / USD pair’s recent technical breakout from a neutral triangle pattern. Technical indicators on the daily time frame are mixed and are currently failing to issue clear trading signals.   LINK / USD Daily Chart by TradingView   Pattern Watch Traders should note that failure to overcome the 200-day moving average make provoke a decline back towards the LINK / USD pair’s 50-day moving average. Relative Strength Index The RSI indicator on the daily time frame is starting to recover above neutral territory. MACD Indicator The MACD indicator on the daily time frame is rising, although the bullish signal is still weak. Conclusion The recent breakout on the four-hour time frame is encouraging for LINK / USD bulls and could potentially signal an upcoming technical test of the current monthly trading high. Medium-term buyers need to start to rally the cryptocurrency above its 200-day moving average or bears may start to take back control of price action.   Find out more about Chainlink in our coin guide.   ChainLink ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var cccTheme = { "General":{"borderWidth":"0px","borderColor":"#FFF","showExport":true}, "Tabs":{"borderColor":"#FFF","activeBorderColor":"rgba(28,113,255,0.85)"}, "Chart":{"fillColor":"#222","borderColor":"rgba(28,113,255,0.85)"}, "Conversion":{"lineHeight":"10px"}}; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=LINK&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24333 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24333 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24333 a.tabperiods.tabperiods_active, #ccpw-ticker-24333 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24333 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24333 .coin-container:after, .ccpw-container_four #ccpw-ticker-24333 .coin-container:after {border-color:#ccc !Important;}   The post Chainlink Price Analysis LINK / USD: Trying To Emerge appeared first on Crypto Briefing.
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Bitcoin Gold, NavCoin, Chainlink and Bitcoin Diamond Fare the Best in Crypto; Coins in Aggregate Down 1.68% Overall, 11 Coins Make Surprising Moves

Top Performers and Notable Moves Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Bitcoin Gold, which gave its holders a 14.8% day-over-day return. Rounding out the top four currencies for the day were NavCoin, Chainlink, and Bitcoin Diamond, which provided holders with returns of 8.96%, 8.18%, and 6.9% for the day. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks. Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Was the Crypto Market as a Whole Up or Down? In the past day, the average percent change in price for the coins in our index was a move down -1.6848%. Drilling down, we see that 30 coins we’re tracking were up while 103 coins were down. The chart below shows the average daily change for all the coins in our index over time. 6 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level. Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Which Currencies Had Major Price Moves? Those 6 coins are: Chainlink, Ethereum Classic, Monero, Bitcoin Diamond, Lunyr, Bitcoin. Volatility traders may also wish to note that 19 of the 133 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally? Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post Bitcoin Gold, NavCoin, Chainlink and Bitcoin Diamond Fare the Best in Crypto; Coins in Aggregate Down 1.68% Overall, 11 Coins Make Surprising Moves appeared first on DecentralPost.
DecentralPost

Altcoin Chainlink On-Chain Activity Makes It A Standout In Crypto Market

The crypto market is a new and emerging asset class that – due to the various innovation factors, its speculative nature, and the technological intricacies of each individual coin – makes assigning a value to any altcoins exceedingly difficult to pinpoint with any sort of accuracy. Crypto analysts use a variety of metrics to determine any fundamental benefits that could affect the long-term price growth of the asset. One such metric is on-chain activity, and according to a prominent crypto analyst, few altcoins are as “attractive” as Chainlink – a crypto asset that recently took the market by storm – when comparing on-chain activity data. Chainlink On-Chain Activity Among Strongest in Altcoin Market On-chain activity is a data point crypto analysts often look at when performing fundamental analysis of a crypto asset. On-chain activity represents all of the transactions being broadcast across a crypto asset’s network and includes everything from payments, to transferring funds to exchanges or wallets, and more. The idea is, the more activity the crypto asset has on its network, the more valuable that network is and can grow larger more rapidly via a network effect. Related Reading | Altcoin Apocalypse: Only Two of Top Ten Crypto Cap Have Outperformed Bitcoin  When it comes to the altcoin market, on-chain activity is dwindling across the space as the hype and interest in crypto and blockchain has fizzled and begun to instead focus on Bitcoin and its new narrative as a safe haven asset. However, there is one “attractive” standout, according to prominent crypto analyst Josh Rager, and that’s Chainlink, an altcoin that enjoyed its time in the limelight in recent weeks as it made headlines and went on a powerful rally. Looking into #onchain network activity can be a good way to select assets to invest in during the bull market e.g. $LINK has shown significant growth in transfers w/ each passing month. Useful metric to see increasing token interest & usage @glassnodehttps://t.co/17WnXS3ZMp pic.twitter.com/8F52iOyh6W — Josh Rager (@Josh_Rager) August 13, 2019 Rager says that on-chain network activity can help investors select assets more apt to perform during a bull market, and the “significant growth” Chainlink has seen in transfers each month shows a boost in token interest and usage. Because of the steady and significant growth, Rager says that “Link looks more attractive on-chain than [the] majority of altcoins.” How On-Chain Activity Helped Spot Obvious Crypto Climax On-chain data as a metric crypto analysts and traders can use to determine price movements and trends doesn’t stop at showing investors which assets to load up on for bull markets. It also can help spot a climax in surging interest, which could also help investors understand when best to sell the asset in order to buy back later at a cheaper price. Related Reading | Crypto Pundit: Altcoin Sentiment Will Cause Bitcoin to Collapse  On-chain activity in Chainlink clearly showed a “obvious climax” in interest, according to crypto analyst NebraskanGooner. In a Glassnode chart shared by the analyst, on-chain transfers peaked the same time that Chainlink’s bull rally did, and helped time the buying climax. Obvious climax here too. pic.twitter.com/VJtBZVPrMv — NebraskanGooner (@nebraskangooner) August 13, 2019 Had Chainlink holders sold at the peak of transfers, they also would have sold the top of the rally. On-chain activity could be a helpful weapon in the arsenal of any trader or analyst hoping to gain an edge in the crypto market. Altcoin Chainlink On-Chain Activity Makes It A Standout In Crypto Market was last modified: August 13th, 2019 by Tony SpilotroThe post Altcoin Chainlink On-Chain Activity Makes It A Standout In Crypto Market appeared first on NewsBTC.
NewsBTC

Chainlink (LINK) Dump Erases $600 million in Market Value

Roughly $600 million in the market value of LINK tokens has been erased after a series of bulk sales triggered in July. Following a 4chan media blitz conducted by the Chainlink development team, valuations have fallen by nearly 60% (after reaching highs above $4.80 on June 29th). ChainLink Market Value Evaporates After Chainlink raised $32 million in its 2017 ICO, crypto analysts were already criticizing its skewed distribution metrics. Out of a total of one billion LINK, the development team held 650 million Links while allowing the 350 million remainder to circulate throughout the market. Despite the questionable foundation created by these unfavorable scenarios, ChainLink valuations rose by more than 3,710% in less than two years. 4chan Media Blitz Inspires FOMO However, large portions of these gains accumulated after an apparent marketing blitz on 4chan’s /biz/ board was conducted earlier this year. In a matter of weeks, ChainLink valuations experienced a ten-fold rally that caught many in the market off-guard, with TrustNode asking some tough questions: For months now 4chan’s /biz/ could easily be mistaken for /chainlink/, leading one to dismiss the project. The astronomic recent rise of about 10x in weeks could also lead one to just call it a 4chan pump, but is there actually something here? Shortly thereafter (July 6th), the Chainlink development team issued a statement that should have been viewed as an ominous warning signal for any crypto investor with bullish exposure: We do sincerely appreciate our community’s continued support and understanding as we expand the number of people working on Chainlink, and we will of course do our best to ensure that our expansion plans are accomplished responsibly, carefully managing the company’s resources, capital and LINK. In the press release, we can see the development team telling its investors that the ChainLink team needed to sell portions of their massive holdings in order to hire new people (i.e. for positions like “Technical Documentation Writer”). However, these claims remain questionable given the fact that ChainLink raised $32 million during its ICO less than two years ago. Ripple Labs Similarities The ChainLink story sounds eerily similar to events that unfolded at XRP, where another series of unfortunate market practices led to significant losses for investors. As Bitcoinist reported, Ripple Labs systematically dumped an average of 2.425 Billion XRP tokens each year (starting in 2014). When many coins in the crypto market saw declines of +90% during the bear market periods of 2018, XRP valuations plummeted by roughly 88% (relative to its BTC pairing). Despite the massive losses felt by most investors, Ripple Labs still managed to bank incredible profits of more than $530 million. ChainLink’s Suspicious Price Action According to data compiled by etherscan, heavy selling pressure was directed at ChainLink over a 40-day period where 700,000 Links were sold on 14 different occasions. With a total of roughly 10 million Links sold, this creates an estimated market value of about $30 million. ChainLink / USD – TradingView.com The chart history has only added to the market’s suspicions, as it shows large volume spikes on June 13th and June 29th. Both periods are accompanied by surges in market valuation. The second major increase in volume saw a rise to over $860 million, which is notable given its $1.4 billion total market cap. Trends have since fallen back to more normalized levels with volumes of approximately $70 million and price valuations below $2.50.  However, these divergences from the historical averages suggest more could lie ahead for those following the storyline of ChainLink. What do you think lies ahead for ChainLink? Let us know in the comments below! Images via Shutterstock, LINK/USD charts by Tradingview The post Chainlink (LINK) Dump Erases $600 million in Market Value appeared first on Bitcoinist.com.
Bitcoinist

Chainlink to Integrate COTI Network’s Trust Score

COTI Network has revealed their Global Trust System (GTS) will be deployed on the Chainlink mainnet to help solve the reputational issue on the platform, as per a blog post, August 12, 2019. Chainlink has the potential to truly decentralize data collection for smart contract execution and COTI will play a critical role in ensuringRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

CHAINLINK DUMPS on investors and other Crypto News

#Bitcoin #Chainlink #LINK https://ChainWise.us Coming November 8-9 in Cincinnati, OH https://CrowsNestEx.com - US Based Exchange https://CrowMining.com - https://CrowTrader.com NOTICE: All Paid Reviews And Features on my channel were paid for by the crypto companies in the form of Bitcoin ranging from .2 to 1 BTC or in some cases equal or double value in the project's tokens. Paid reviews do not mean a positive review so as to maintain the integrity of the Crypto Crow Channel. I am a Bitcoin and Cryptocurrency Investor, Trader and Entreprenuer though I am not a licensed financial advisor and you should always do your own research and based any actions you take in the crypto space from your own efforts. I focus my channel on my opinions of the space to help educate the public on potential projects worth looking into or avoiding. My goal is to bring the world to crypto investing as the transfer of wealth happening right now is real and the opportunities are abundant. I've personally invested in projects such as Cardano (ADA), TRON (TRX), NEO, Ontology, OmiseGo (OMG), Ripple (XRP), AION and many others. Some will perform well, others will not. Crypto is a high risk vs high reward endeavor to never be taken lightly. I try to offer a variety of content on my channel including how-to's, crypto security, project features and reviews as well as interviews with leading blockchain developers and CEO's. ###### SOCIAL MEDIA ####### I AM NOT A FINANCIAL ADVISOR Twitter: https://twitter.com/jasonappleton INSTAGRAM: https://www.instagram.com/realcryptocrow/ MINDS: https://www.minds.com/CryptoCrow Crypto Crow Merchandise: https://tinyurl.com/CrowMerch CryptoCrow Telegram: https://t.me/cryptocrowgroup Telegram User: @Upstager - I do not negotiate reviews/features on telegram. @crowbooking handles this for me. CryptoCrow Facebook: https://www.facebook.com/cryptocrow/ REDDIT: https://www.reddit.com/user/TheCryptoCrow LINKEDIN: https://www.linkedin.com/in/jasonappleton/ http://JasonAppleton.com - Crows Website *******FOR BEGINNERS****** My New eBook - Amazon https://goo.gl/kSzvUL CryptoCrow Telegram: https://t.me/cryptocrowgroup How To Build a 6 GPU Mining Rig - https://youtu.be/gDUwBCBv_ug My NEW Udemy Course Is now LIVE!: $12.99 : https://bit.ly/2KrxpQx LEARN ABOUT CRYPTO IN MY UDEMY COURSE: $10 https://tinyurl.com/CCudemyBeg ****SECURITY****** HushMail - https://goo.gl/hdseJb Crypto Firewall: https://www.cryptowall.ca/ - Save 10% with code: CRYPTOCROW10 ########USEFUL LINKS###### The Best Crypto Trading Tool https://tinyurl.com/CCcoinigy Coin Tracker to Help Track It All For Taxes: https://tinyurl.com/CrowTracking NOTICE: All Paid Reviews And Features on my channel were paid for by the crypto companies in the form of Bitcoin ranging from .2 to 1 BTC or in some cases equal or double value in the project's tokens.
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Half a Billion Wiped Out as Chainlink Devs Dump

Some $600 million worth of paper value Link tokens have vanished amid what appears to be continuous selling by the Chainlink team. The 2017 ICO-ed Chainlink token, which back then... The post Half a Billion Wiped Out as Chainlink Devs Dump appeared first on Trustnodes.
Trustnodes

Chainlink (LINK) Still A Better Investment Than Litecoin (LTC) Despite Coming Halvening – Josh Rager

Litecoin halving is only a day away and the Litecoin Foundation is getting ready for the big event. One significant mark that was expected as the halving approaches is a significant rise in the price of LTC, the organization’s native token. Although it has seen some price gains in the past which was attributed to the coming halving. However, the tables have turned and with few days to go, LTC is in the red even though some altcoins are glowing. If anything, the cryptocurrency is expected to be glowing in green by this time but something seems wrong and cryptocurrency trader and analyst Josh Rager Weighs in on the situation, comparing LTC and LINK as potential investments. Link, A Better Investment? Rager opined that both LTC and LINK have a huge fan base, but LINK seems to be a better investment at this time regardless of Litecoin’s approaching halving. He said LTC has been in a downtrend and that is not likely to change soon as it has not been able to hold support against BTC. LINK, on the other hand, has been making some impressive moves and has shown plausible response at support, he added. LINK is currently enjoying a gain of 22.11% in the last 24 hours and 18.86% against BTC while holding 20.36% against ETH. LTC, on the other hand, has lost 3.36% in the last 24 hours and 4.7% against BTC and the crypto community seems to share Rager’s sentiments on the two. One of the respondents to his Twitter post on the two cryptocurrencies @ShineThatLite wrote: “Based on speculation and serious partnerships #Link should be worth more than Litecoin right now in my opinion if Google acquires Link game over !” Chainlink In 2019 Chainlink has been one of the top-performing cryptocurrencies since June 2019. At the end of June, it rose to its yearly peak of $4.26. Although it later declined sharply to the $2 price level, it is now on the rise again, currently trading at $2.58. With the level of support that it is getting from the crypto community and potential investors, it may soon be going back to its yearly high again. As the halving for Litecoin approaches, there may also be hope for LTC, if not before then after the halving is done. However, for now, the odds appear to be against the 4th largest cryptocurrency and there is no telling if things will eventually get better as the market can be quite unpredictable. The post Chainlink (LINK) Still A Better Investment Than Litecoin (LTC) Despite Coming Halvening – Josh Rager appeared first on ZyCrypto.
ZyCrypto

Chainlink (LINK) Surges as Partnership with Oracle Gains Steam

Recently announced partnerships with Oracle and Zilliqa have created a virtuous cycle for Chainlink (LINK). The decentralized oracle service was the crypto market’s top performer on Saturday, […] The post Chainlink (LINK) Surges as Partnership with Oracle Gains Steam appeared first on Hacked: Hacking Finance.
Hacked

Chainlink, Cindicator, SingularityNET and GXS Fare the Best in Crypto; Coins in Total Up 0.3% Overall, 118 Coins Have Contracting Volatility

Top Performers and Notable Moves Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was Chainlink, which gave its holders a 24.09% day-over-day return. Other notable currencies were Cindicator, SingularityNET, and GXS, which experienced daily returns of 15.43%, 13.76%, and 8.19% respectively. The moves in all these coins were a bit surprising, in that they were well outside of the trading range normally associated with each of the currencies in question. Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Was the Crypto Market as a Whole Up or Down? Overall, the average change in coin price for the coins we’re tracking was up 0.2967%. Specifically, 58 coins in our index were up while 75 were down. The visualization below illustrates the average daily change in the price of the coins we’re tracking. Since yesterday, 19 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Which Currencies Had Major Price Moves? The coins that crossed their moving average are: Stratis, SingularDTV, NEO, Chainlink, Ethereum Classic, Enigma, XRP, Ripio Credit Network, DigixDAO, Populous, Cindicator, Aion, Bread, NavCoin, PIVX, Bluzelle, SingularityNET, Streamr DATAcoin, Siacoin. Also of note is that 118 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally? Find the crypto broker right for you: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post Chainlink, Cindicator, SingularityNET and GXS Fare the Best in Crypto; Coins in Total Up 0.3% Overall, 118 Coins Have Contracting Volatility appeared first on DecentralPost.
DecentralPost

Zilliqa (ZIL) Enlists Chainlink (LINK) In Building A Real-World Data-Driven Smart Contract Ecosystem

The high-throughput public Blockchain platform, Zilliqa, has announced that it has collaborated with Chainlink, the decentralized oracle network, in a bid to power its smart contracts. With this new move, Chainlink, which basically links smart contracts with real-world data, will help Zilliqa establish an ecosystem of data-powered smart contracts. Zilliqa Is A Sharding-First Blockchain Platform […]
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Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town

Ever since Facebook unveiled its Libra cryptocurrency, the project has encountered regulators’ wrath across the world. However, governments, crypto exchanges, and institutions think that Libra is a great idea and they are now developing their local tokens to rival Libra. The People’s Bank of China is reported to be developing a token that will encroach the market that Facebook targets. The latest entrant into this race is Binance. This top crypto exchange announced that it will launch an open blockchain project dubbed ‘Venus’. The project aims to develop localized stablecoins throughout the world. In an official announcement published on August 19, the exchange said that it is perfectly positioned to launch such a currency ecosystem. The move comes in the wake of its existing public chain technology, Binance Chain. The public chain comprises of a wide user base and an already existing global compliance measures infrastructure. Leveraging Already Active Know-how Binance announced that it is looking for partnerships with corporations, governments, technology firms, and other blockchain and crypto projects. It aims to develop a new currency ecosystem that will empower the developed and developing nations. Furthermore, the exchange’s vision for its Venus project is to create a new open alliance and sustainable community. The community is meant to accept and enlist all partners who have influence globally. According to the announcement, Binance Chain already supports multiple native asset-pegged stablecoins. Some of the stablecoins that it runs include the Binance BGBP Stable Coin (BGBP) that is pegged to the British Pound and the Bitcoin (BTC)-pegged stablecoin (BTCB). Additionally, Binance says that it will leverage the existing infrastructure and experience with different regulatory regimes. That will enable it to set up a compliance risk control system and create a multi-dimensional cooperation network for the Venus project. Contending with Libra The new ambitious venture by Binance seems to compete directly with Facebook’s fiat-pegged stablecoin, Libra. Facebook’s wants to launch a system that will power a global cryptocurrency payments network integrated into the company’s wholly-owned apps that include Messenger, WhatsApp, and Instagram. The choice of this name ‘Venus’ seems to show that Binance is also entering the astrological waters. These waters feature the Winklevoss Twins’ Gemini dollar and Gemini exchange together with Facebook’s Libra project. Whether Venus will outmuscle Libra in the new global stablecoin space or not, only time will tell. Like what you're reading? Subscribe to our top stories The post Stand Aside Libra, Binance’s ‘Venus’ is the New Sheriff in Town appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
Cryptovibes

Binance Announces New Stablecoin Initiative Venus – the “One-belt-one-road Version of Libra”

The world’s largest cryptocurrency exchange Binance has announced the plan of launching an open blockchain project “Venus”, an initiative to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. As per the announcement published today Aug.19, the localized stablecoin initiative will leverage the exchange’s existing infrastructure such as its public chain Binance Chain and cross-border payment systems, wider user base and already established global compliance measures. Bearing a similar vision with social media giant Facebook’s Libra, “Venus”, defined as a “regional version of Libra”, aims to break down the financial hegemony and reshape the world’s financial system, which enables latecomers to have more initiative and stability in finance, as well as enhance the economic efficiency of countries. The exchange says it is seeking “partnerships with governments, corporations, technology companies, and other cryptocurrency companies and projects involved in the larger blockchain ecosystem, to empower developed and developing countries to spur new currencies.” “We believe that in the near and long term, stablecoins will progressively replace traditional fiat currencies in countries around the world, and bring a new and balanced standard of the digital economy.” said He Yi, Binance co-founder and CMO. In its Chinese version of the announcement, the exchange believes that “Libras are growing at an exponential rate and will reshape the world financial system, bringing changes more than the Internet. Instead of resisting change and losing the opportunity, it is better to embrace the change. Under the planned economy system, the successful experience of Shenzhen’s bold exploration of market economy is a good case. At the same time, Libras need to be developed in an orderly manner under the regulatory framework.” In conclusion, it added three suggestions for the Chinese regulators – The central government should establish the core strategic position of blockchain industry and digital stablecoin in the future financial system; Establish a regulatory sandbox within a certain scope and pilot payment and settlement services based on digital stablecoin; Allow private enterprises to issue digital stablecoins and develop cross-border payment and settlement systems. Prior to it, Zhou Xiaochuan, the former governor of PBOC (People’s Bank of China), stated that Libra represents the trend of digital currencies, China should take precautions and undertake policy research. Following that, Huawei founder Ren Zhengfei  said that China can issue a Libra-like currency to take the lead in the blockchain sector. With these positive signals, the exchange is responsive and acting fast. Its cofounder He Yi said “Venus” is the “One-belt-one-road version of Libra”. Cofounder of Binance .@heyibinance said “Venus” is the “One-belt-one-road version of Libra” Totally nailed it pic.twitter.com/RqfaPH8zE1 — Dovey Wan 🦖 (@DoveyWan) August 19, 2019
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HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility

Yesterday’s Movers and Shakers Since yesterday, the coin that fared the best out of the 133 coins in our index was HyperCash, whose price is up 51.55%. Rounding out the top four currencies for the day were Metal, WePower, and Bread, which provided holders with returns of 17.75%, 13.98%, and 12.04% for the day. These moves were notable not only for their magnitude relative to other coins, but also because they were large and surprising relative to the volatility of each of these currencies over the past two weeks. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex A Macro View of the Crypto Market Overall, the average change in coin price for the coins we’re tracking was up 1.6592%. On a more granular level, 65% of the coins we’re tracking were up while 35% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 3 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in. Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Currencies With Significant Price Moves The coins that crossed their moving average are: Chainlink, Verge, HyperCash. Likewise, volatility has continued to trend lower and contract for 18 of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom? Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex Article by SixJupiter The post HyperCash, Metal, WePower and Bread Top All Cryptos; Coins as a Whole Up 1.66% Overall, 18 Coins Have Contracting Volatility appeared first on DecentralPost.
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The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling

The origin story of Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has seen outright lies, conjecture, and its fair share of ‘reveals’. By now, for many, it has become irrelevant, and any new ‘revelation’ gains a healthy dose of cynicism. But here we are again, with a promise of an unveiling in little under 36 hours. Could it be different this time? I’m Satoshi Nakamoto, And So Is My Wife You could be forgiven for having a touch of Satoshi Nakamoto fatigue. In the past few months alone, we’ve endured multiple theories regarding an Estonian connection, a drug lord who invented Bitcoin purely to launder money, and a failed attempt at viral marketing (anybody actually use PAI news?). Not forgetting, of course, Craig Wright’s ongoing delusion in the face of mounting evidence of his serial forgery. So when a new website appears claiming that ‘all will be revealed’ in a three part series of posts… well you’ve got to expect it to be taken with a(n un)healthy pinch of salt. But that’s exactly what happened over the weekend. We even got to read the first part of the three-part reveal, and… it’s strangely compelling. Satoshi Nakamoto Renaissance Holdings The website bears the name ‘ Satoshi Nakamoto Renaissance Holdings’, and the ‘Truth’ is as told to Ivy McLemore, a PR and marketing consultant… and apparently a man. So far, so readily dismissible as another waste of time marketing ploy. The site even admits that part three of ‘My Reveal’, along with the Nakamoto’s true identity, will provide details about Tabula Rasa, Satoshi’s vision (sorry Craig) for the future of Bitcoin. But if this is just another attempt to cash-in on the Bitcoin bandwagon, then whoever is involved has done a better job than most of the others. Names, Numbers, And A Chip On His Shoulder The fact that ‘Satoshi Nakamoto’ has a beef against the banking industry will come as a shock to no-one. The fact that this beef harks back to the 1991 closure of the ‘World’s Sleaziest Bank’, BBCI might. Allegedly, part of his motivation was to redeem BCCI, even going so far as basing the name of Bitcoin on it; Bank of CredIT and COmmerce INternational. He also had trouble opening a bank account when visiting the UK. According to this latest ‘testimony’, Satoshi came from Satoshi Sumita, a Japanese Central Banker, who presided during a period when the country became the world’s largest creditor nation. Satoshi was also an exact match in Chaldean numerology (which also features greatly) for Nakamoto’s childhood nickname of ‘Shaikho’. Nakamoto came from Hal Finney, who helped him to create Bitcoin. Dorian Satoshi Nakamoto lived in the same California neighbourhood as Finney. He was later mistakenly identified as the Bitcoin creator by Newsweek. Satoshi Nakamoto is the number 55 in Chaldean numerology, representing the total and complete man. Finney also provided remote computers to work on, leading some to speculate that Nakamoto had been based in California. He had actually started his work in Pakistan, later travelling between Pakistan and the UK. ‘Nakamoto’ describes Finney as his Steve Wozniak, the technical genius who partnered Steve Jobs at Apple. The Best Is Yet To Come So part one of ‘My Reveal’ is detailed, fits some of what we already know about Nakamoto, and explains some of the things that we didn’t know. And the best bit is that we don’t have to wait too long for parts two and three. Part two, available at 4pm EST today, will reveal more about how Nakamoto’s belief in Chaldean numerology influenced many of his decisions regarding the development of Bitcoin. It will also give all the facts about his 980,000 BTC personal stash. Then part three will be published just 24 hours later. Will we finally learn Satoshi Nakamoto’s real-life identity, and his vision for the future of Bitcoin? Craig Wright must be quaking in his loafers… or sitting smug in the knowledge that this is just a ploy, and he is the real… nah, just kidding, quaking in his loafers. Do you think this time Satoshi Nakamoto will finally reveal his/herself? Let us know your thoughts in the comment section below! Images via Shutterstock The post The Latest Satoshi Nakamoto ‘Reveal’ Is Actually Quite Compelling appeared first on Bitcoinist.com.
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