Banks are not so ready 'to shake hands' with blockchain

Banks are not so ready 'to shake hands' with blockchain

Insights on the organization of EOS mainnet, banks don't want to use xRapid and improvements of the new protocol released by Golem.

Despite the announced launch on June 10th, EOS mainnet is still not working properly

Nobody wants to stake and vote for the delegates as currently, it’s too risky without the proper tools.

This is getting ridiculous. This situation raises two questions. One question is 'does anyone seriously hold these tokens or all this amount is totally intended for speculations?' The second is more serious. How come that this multi-billion project is completely unusable for normal users? Why should anyone compile the tool for voting and use it from a command line?

There were some talks that now EOS is a decentralized network, everything is in hands of the community and if had built a wallet and voting tools, the project would have been more centralized. If the community doesn't trust them in building the wallet, why trust them in the first place, with building the EOS blockchain? It's just a tool.

Let's imagine some guy promises to build you a big house, a mansion, for you and your family to live in for decades. You pay him, say, $200 million. In the end, you get a big house, but it's located somewhere in the tundra and it doesn't have any doors or windows. This guy says his work is done, you can do whatever you want with your house and disappears, of course with all your money. This is how the launch was organized. Is it good? You decide.

David Schwartz from Ripple says that banks aren’t ready yet for blockchain

He admits that the feedback from many banks about their XRP isn’t very positive.

All banks want their transactions to stay private, that's natural for them. What is amazing is that Ripple somehow manages to stay arrogant, claiming they aren't a part of blockchain market, having their own unique view, and not respecting other projects. Maybe they think that by discrediting the whole market they could make xRapid look better?

Last time Brad Garlinghouse declared that bitcoin will fail in the end. Now it's David Schwartz telling that banks are not interested in blockchain, even in XRP. But the possible truth is, and they can't admit it, that it's not the blockchain technology that the banks aren't interested in. It's xRapid. The consequences of such statement could be devastating for Ripple. As we see, everyone is excited about blockchain, from governments to banks who do their own researches, and big companies who adopt blockchain technologies developed by various projects on the open market.

But for somewhat unknown reason banks don't want to use xRapid, and specifically, XRP as a vessel for transportation of the value. Maybe they can use something else, but not xRapid. If the market would have realized this, the price of XRP would fall off the cliff, and that's the asset that everyone was buying in hopes it would become used one day. That's why we see such behavior from Ripple officials.

Golem has released a new version of their protocol

This new version, labeled 0.16.0, contains a lot of improvements, both in network and in Golem client. Now requestors can define the specifications of the machine they want to give the task to.

Golem project always was one of the most innovative projects in the space. Building the world's first decentralized supercomputer is an ambitious task. The most appealing is that it actually works, requestors get their scenes rendered, providers lend their computing power and complete the tasks, getting rewarded by GNT tokens in the process.

No greed, no buzz all over the news, just the team silently getting its job done, according to the whitepaper. Crypto would be a much better place if all projects were like this one.


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Ripple Price (XRP) Holding Ground While Bitcoin Dived 15%

Ripple price failed to climb above the $0.3230 resistance and resumed decline against the US dollar. The price broke the $0.3000 support level and traded to a new monthly low at $0.2835. This week’s followed bearish trend line is active with resistance at $0.3075 on the hourly chart of the XRP/USD pair (data source from Kraken). The price could decline below $0.2800 if it continues to struggle near $0.3075 and $0.3100. Ripple price is holding an important support against the US Dollar, while bitcoin and Ethereum dived nearly 15%. XRP price could extend its decline if there is a break below the $0.2800 support. Ripple Price Analysis Yesterday, we saw a decent upside correction in ripple price above $0.3100 against the US Dollar. However, the XRP/USD pair struggled to gain momentum above the $0.3200 and $0.3230 resistance levels. The price topped near the $0.3230 level and remained well below the 100 hourly simple moving average. As a result, there was a fresh bearish reaction and the price declined below the $0.3150 and $0.3100 support levels. More importantly, the recent significant decline bitcoin and Ethereum pushed ripple price below the $0.3000 support level. However, losses were limited and the price traded to a new monthly low at $0.2835. It even corrected higher above the $0.3000 level plus the 50% Fib retracement level of the recent decline from the $0.3237 high to $0.2835 low. The upward move was capped by the $0.3080 level. The price failed to break the 61.8% Fib retracement level of the recent decline from the $0.3237 high to $0.2835 low. Moreover, this week’s followed bearish trend line is active with resistance at $0.3075 on the hourly chart of the XRP/USD pair. Therefore, the price might struggle to break the $0.3075 and $0.3100 resistance levels. If there is an upside break above $0.3100, the price could correct towards the $0.3200 level and the 100 hourly SMA. On the other hand, if the price fails to break the $0.3100 resistance, it could slide again. An immediate support is near the $0.2900 level, below which the price may even break the recent low at $0.2835. The next important support is near the $0.2800 and $0.2780 levels. Looking at the chart, ripple price is currently struggling to gain bullish momentum above $0.3000. Therefore, there is a risk of more losses below the $0.2900 and $0.2800 levels in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is struggling to move back into the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently near the 40 level, with a bearish angle. Major Support Levels – $0.2850, $0.2800 and $0.2780. Major Resistance Levels – $0.3075, $0.3100 and $0.3200. Ripple Price (XRP) Holding Ground While Bitcoin Dived 15% was last modified: July 17th, 2019 by Aayush JindalThe post Ripple Price (XRP) Holding Ground While Bitcoin Dived 15% appeared first on NewsBTC.

Bitcoin, EOS and Ripple’s XRP Price Prediction And Analysis For July 16th

Bitcoin Price Analysis (BTC/USD) Over the past 24hrs, the price of BTC/USD pair has exhibited a bullish outlook.  The upward rally has been bolstered by the 7 day MA that was seen gravitating above the 21 day MA that indicated a bullish sign.  BTC/USD pair began trading yesterday at $10204.62 and is currently at $10762.47. This shows that BTC has upsurged by 5.2% in the last 24hrs. The bullish pressure has also been confirmed by the formation of the ascending triangle that was seen on an hourly chart.  The RSI indicator has even climbed up from a low of 36.26 to a high of 50.36 that signaled increase buyouts. During the last 4hrs, the market seemed to have lacked momentum as reflected by the RSI indicator that was seen trading flat between the level 60 and 40.  According to cryptocurrency analyst, BTC is currently under intense pressure coming from the U.S. governmental hearing of Facebook’s new cryptocurrency known as Libra.   Based on previous data, the price of BTC tends to drop ahead of any congressional hearing that is related to any cryptocurrency and later rise on a favorable outcome.  The conference is going to be held today on 16 July and tomorrow, 17 July. Bitcoin Price Prediction At the moment, the RSI indicator is heading south that indicated incoming downward pressure.  The moving averages are trending towards the same direction; the 21 day MA is most likely to cross the 7 day MA that is a bearish sign.  New targets should set at $10350. EOS Price Analysis (EOS/USD) Unlike BTC, EOS/USD pair has exhibited a bearish outlook over the last 24hrs.  EOS is down by 0.18% having started trading at $4.280336 and is currently at $4.272717.  Despite the downward pressure, EOS/USD pair has been trading in a sideways trend with support level situated at $4.299174, and resistance level is at $4.401869. The Relative Strength Index indicator was seen hovering in between level 60 and 40 that showed a lack of momentum in the market.  This also showed that either buyers or sellers had the upper hand. Both support and resistance level was tested, and only the support level was broken at several instances that signaled a bearish pressure. EOS Price Prediction The 21 day MA is above the 7 day MA currently, that indicates further downtrend is to be encountered in the next few hours.  New targets should be set at $4.2000. Ripple’s XRP Price Analysis (XRP/USD) Like BTC, XRP/USD has also exhibited an upward price rally.  XRP is up by 0.22% having moved from yesterday’s price of $0.3130 to settle at the current rate of $0.3132.  The pair’s price has been trading in a sideways trend over the last 24hrs. The horizontal channels confirmed this.  The horizontal channels also acted as the price critical support level $0.3109 and as the resistance level $0.3198.  The RSI indicator was also seen hovering between level 40 and 60 that indicated indecision in the market momentum. Presence of a Doji candle is repeatedly seen, thus reflecting a high level of uncertainty.  The RSI is currently trading flat indicating a lack of dominance from neither buyers nor sellers. Ripple’s XRP Price Prediction At the press time, the 21 day MA has crossed above the 7 day MA.  This indicates a bearish signal in the coming day. The Support level is likely to be breached.  New targets should be set at $0.3077. Cryptocurrency Charts By Tradingview Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. Image(s): The post Bitcoin, EOS and Ripple’s XRP Price Prediction And Analysis For July 16th appeared first on NullTX.

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