There are 4k crypto ATM worldwide, according to Сoinatmradar. The leader is North America with 71.3% of all machines installed, following by Europe (25%) and Asia (2.56%). The most popular altcoins are LTC and ETH, correspondingly. Rates come up to 8.85% buying rate and 7.9% selling rate on average
Crypto ATM's Infrastructure
Bitcoin SV was the worst-performing cryptocurrency in the top-ten on Thursday. The coin that previously demonstrated inverse price action with the rest of its peers now finds itself struggling to regain momentum despite signs of early adoption across the market. BSV Update Over the last 24 hours, the BSV price has fallen an average of […] The post Bitcoin SV Under Pressure Despite Growing Support Base appeared first on Hacked: Hacking Finance.
The cryptocurrency market has been suffering under the weight of the bear for an extended period of time, forcing investors and holders to scamper in fear. Bitcoin [BTC], which had triggered the market crash is still not safe, with some analysts predicting that the cryptocurrency might fall below $3,000. Litecoin [LTC], which is commonly called Bitcoin’s silver, has also suffered a tragic fate with multiple support breaks and dips. 1-hour The one-hour graph shows a steep decline in Litecoin prices. The downtrend saw the cryptocurrency fall from $31.06 to $24.76. The support has been holding at $22.78 while the immediate resistance is being maintained at $31.70. The MACD indicator shows the signal line and the MACD line both heading downwards after a bearish crossover. The MACD histogram shows a mix of both bearish and bullish signals. The Chaikin Money Flow indicator is staying below the zero line, which is a sign of the money flowing out of the market being more than the inflow. 1-day Litecoin’s one-day chart does not paint a sunny picture for the cryptocurrency with just a downtrend visible. The fall saw the cryptocurrency fall from $51.65 to $23.65. The long-term support was created recently and is currently at $22.84. The Parabolic SAR has been predominantly bearish with the markers staying above the price candles. Over the course of the last few months, the PSAR only shows a bullish trend once. The Relative Strength Index has crashed below the oversold zone, which signifies that the selling pressure is much higher than the buying pressure. Conclusion The above-mentioned indicators all show the stronghold exhibited by the bear on the cryptocurrency market. The MACD, CMF, RSI and the PSAR all take the side of the bear with no bullish rises in sight. Analysts and traders all predict the bear to carry on its rule well into the third quarter of 2019. The post Litecoin [LTC/USD] Technical Analysis: Cryptocurrency sees no escape route as bear blocks all exits appeared first on AMBCrypto.
In a recent interview with Internet History Podcast, David Schwartz, the Chief Technology Officer of the leading blockchain firm, Ripple spoke about the mining scenario in the XRP ecosystem and compared it against that of Bitcoin [BTC]. Here, he stated that the initial idea, while developing the XRP ledger was to get rid of the proof-of-work mechanism that Bitcoin uses. Here, the CTO backed his statement by mentioning the issues that align with the protocol. Schwartz explained that XRP is not an adversarial system like the Bitcoin ledger. Furthermore, the BTC ecosystem pits miners against each other in a competition for a fixed pool of resources. This creates adversarial interests that make the security model of Bitcoin difficult, he said. In his words: “It’s not an adversarial system like the Bitcoin ledger is. if you’re mining and I’m mining, we’re competing for sort of a fixed pool of resources and that creates sort of adversarial interests that make the security model more difficult.” Subsequently, the blockchain mastermind also elaborated on the nature of the XRP ledger, addressing it as cooperative. He stated that all the members of the ecosystem are working together on advancement. He added: “[…] which means that if you’re going to improve the stability of the network, I want you to participate. Because you’re not taking anything away from me and I think that can make a more secure model but it does mean that the system can’t sort of give out the digital asset.” He further stated that all the XRP that will ever exist was created in the genesis ledger in June 2012, when the system was built. Regarding proof-of-work, he said that the mechanism has distributed the asset broadly but miners have high expenses wherein the costs of ASIC and power have to be taken into consideration. In his opinion, the money is sucked out of the ecosystem as the miners start selling due to high costs of mining. Lastly, the Ripple official mentioned that the XRP ledger leaves out one inherent feature of predictable market supply, which is fulfilled via Ripple-created escrow accounts. The post Ripple CTO compares Bitcoin [BTC], XRP security models; calls proof-of-work “adversarial system” appeared first on AMBCrypto.