Daily, May 10, ’18

Chamath Palihapitiya, Warren Buffett, Nasdaq, Zilliqa, Ripple, West Virginia

  • The investor Chamath Palihapitiya, who attributes himself to the 'followers' of Warren Buffett, does not consider the opinion of the billionaire about virtual currencies to be correct.
  • Adena Friedman, Nasdaq CEO, said that the cryptocurrencies and blockchain have serious growth prospects and is more effective than other systems existing today.
  • Little-known cryptocurrency Zilliqa surprises the crypto community with the high capitalization that exceeded $1 billion. It was added to the listing of the OKEx, Binance, Huobi and Gate.io.
  • Ripple announced the results of the first pilot projects using the XRP token and xRapid technology. The financial organizations participating in the pilots could save from 40% to 70% in comparison with the expenses they incur using the services of traditional providers.
  • West Virginian officials have already held successful elections.


3,991 USD


0.3078 USD

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Binance Launchpad update to introduce token sale by lottery

One of the largest cryptocurrency exchanges in the world, Binance, introduced a lottery system for its token sale through Launchpad, the exchange’s token launch platform. The update was announced via an official post on 24 March. The update will see the exchange abandoning its “first come-first-served” system which left many users tokenless owing to their surging demand. A notable example of this system was Binance’s sale of BitTorrent tokens [BTT] in January, 50 billion of which was sold out in 15 minutes. Binance will introduce a “lottery” as an upgrade on its previous system. Under this new method, prior to the scheduled date of the lottery, the tickets that can be claimed will depend on how many Binance Coins [BNB] users hold within a 20-day period. The lottery will then be drawn via a “transparent, randomized system with a random selection of lottery tickets based on tail digits.” The Lottery Ticket allocation based on the BNB held is given below, Source: Binance Blog Users will be allowed to decide how many lottery tickets they wish to enter, with the maximum amount being based on their BNB holdings. The exchange will then select multi-digit numbers that will be matched against the tail digits of the tickets issued to determine the winners. “This process will continue until the maximum number of winners (previously set) are matched. The respective BNB will be deducted from each winning user’s balance, as soon as they are deemed a winner.” Binance also listed out the set of risks and concerns it foresaw with this system. The exchange’s native token will see a degree of price fluctuation due to this model. However, Binance predicted that these will be minimal changes. After the announcement was made, the price of BNB surged by over 15 percent against the US Dollar. During the 20-day period when users will accumulate BNB, the exchange attested that the price will fluctuate, “If BNB price drops, it is entirely possible the drop in BNB price will outweigh any gains made by the new token. That is first assuming you win in the lottery draw. Further, the new token being sold is not guaranteed to increase in price. It may drop in price.” Binance ended on an advisory note, requesting users to not hold BNB for the sole purpose of the Launchpad events. The next set of projects emanating from the Launchpad will be intimated to the community in the next two weeks, the exchange concluded. Additionally, reports suggest that the exchange is looking to make cryptocurrency trading riskier. Binance is looking to introduce margin trading within their services, thereby allowing users to trade on borrowed funds. Further, Binance will look to shift their base of operations if regulators voice their disapproval for the margin trading feature. The post Binance Launchpad update to introduce token sale by lottery appeared first on AMBCrypto.

Huobi Token Price Rises as First Huobi Prime Listing Draws Near

As a new week dawns upon the cryptocurrency industry, one has to wonder if this Monday will be better than what happened through the weekend. Most of the markets are seemingly moving up once again, although there is still a lot of work to be done. As far as the Huobi Token price is concerned, it appears the value is rising primarily because of the first token listing on Huobi Prime will occur fairly soon. Huobi Token Price Accelerates as Expected The year 2019 has been primarily about exchange-oriented tokens rising in value, by the look of things. As Binance Coin continues to fire on all cylinders, Huobi Token has also begun making a name for itself. It appears to be a matter of time until KuCoin Shares will go down a similar path, assuming that exchange decides to venture into “select token listings” as well. Huobi is only the second major exchange to do so recently, and it seems that decision is already paying off for HT holders. Over the past few hours of the early Monday morning, it appears the Huobi Token price has risen by 7.3% in USD and ETH value. There is also a  6.9% gain in BTC value, which will please a lot of users in the process. With a current value of $2.55, or 63,376 Satoshi, it seems everything is progressing as expected. The overall trading volume of $82m is also pretty interesting to keep an eye on, as it could be sufficient to keep things going. The main reason for this HT value increase is the impending launch of the first token listing on Huobi Prime. As users will not need to meet the 500 HT requirement to participate, there will undoubtedly be high price expectations for HT. Depending on how successful this token sale proves to be, Huobi Token may effectively follow a path similar to Binance Coin. For now, a lot of questions are still waiting to be answered. Most people want to get treated like a big shot. You can with Huobi Prime, Our 500HT requirement will be waived for Prime's inaugural #launch of $TOP Network @topnetwork_top. More info here: https://t.co/HHxx9kylFv #HuobiPrime #HuobiToken $HT #DPO #Huobi https://t.co/WiAv5Texin — HuobiGlobal (@HuobiGlobal) March 21, 2019 There is also a chance the current HT price trend is materializing because of the recent Pundi X listing. While there may be no obvious correlation between the two, there will undoubtedly be an NPXS/HT trading pair sooner or later.  It seems a lot of things are coming together for Huobi Global in very quick succession, which usually tends to get a lot of traders excited in the process. For now, there is still some market uncertainty, Huobi Global has launched Pundi X ( $NPXS), the decentralized, offline cryptocurrency that allows users to make mobile payments all over the world. @PundiXLabs Learn more here: https://t.co/hnGA2QL60f#HuobiGlobal #HuobiToken $HT #Blockchain #cryptocurrency pic.twitter.com/OTcQZ7gWL1 — HuobiGlobal (@HuobiGlobal) March 25, 2019 For those who take a closer look at the HT price chart, it quickly becomes evident things can get pretty interesting over the next few hours and days. There is a good chance this market trend will collapse once again in pretty quick succession, although one never knows how all of these markets will evolve. Most of it will also depend on what happens to Bitcoin, which is always a mystery #Huobi #HT #HuobiToken #HTUsdt HUOBI H1 #Trading #Crypto pic.twitter.com/aPHNktUHnH — WarmaneTrade (@WarmaneT) March 24, 2019 As Bullish as Huobi Token may seem right now, nothing is ever set in stone. Cryptocurrencies, assets, and tokens often evolve in many different ways, which can make for interesting momentum down the road. While the trading volume for HT looks pretty significant right now, there is always a chance it can come back to haunt the market as well. Sustaining the $2.5 level will be the main order of business for this token. 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. Image(s): Shutterstock.com The post Huobi Token Price Rises as First Huobi Prime Listing Draws Near appeared first on NullTX.

Ripple Price Analysis: XRP Signaling Significant Bearish Break

Ripple price failed to break the $0.3240 and $0.3250 resistance levels against the US dollar. Buyers failed to hold a couple of important supports and the price declined below $0.3180. There was a break below a significant contracting triangle with support at $0.3180 on the 4-hours chart of the XRP/USD pair (data source from Poloniex). The price is now trading well below the $0.3155 support and it might decline strongly below $0.3085. Ripple price is under a lot of selling pressure against the US Dollar. XRP broke the $0.3155 support and moved into a bearish zone, with a negative bias. Ripple Price Analysis This past week, there was a decent rebound in bitcoin, Ethereum, bitcoin cash, ADA and ripple against the US Dollar. The XRP/USD pair made a couple of attempts to clear the key $0.3250 and $0.3280 resistance levels. However, there was no convincing break above the $0.3300 resistance area. Buyers failed to gain pace above the $0.3240 and $0.3250 resistance levels. As a result, there was a downside reaction below the $0.3200 support and the 55 simple moving average (4-hours). More importantly, there was a break below a significant contracting triangle with support at $0.3180 on the 4-hours chart of the XRP/USD pair. The pair settled below the triangle support and the $0.3155 pivot level. A swing low was formed at $0.3083 before the price corrected higher. It broke the 23.6% Fib retracement level of the last slide from the $0.3286 high to $0.3083 low. However, the broke triangle support acted as a resistance and prevented gains. There was no test of the 50% Fib retracement level of the last slide from the $0.3286 high to $0.3083 low. The price declined again and it seems like sellers might push the price below the $0.3083 low. The recent bearish break could be significant and it is likely to spark heavy downsides below $0.3080 in the coming sessions. The next key support is at $0.3050, below which the price may revisit the $0.3000 support. Looking at the chart, ripple price clearly broke a couple of important supports near $0.3180 and $0.3155. Therefore, there is a risk of more losses below the $0.3085 and $0.3050 levels. On the upside, the main resistance is at $0.3185 and the 55 simple moving average (4-hours). If buyers gain traction above the $0.3200 level, there could be a decent recovery above $0.3250. Technical indicators 4 hours MACD – The MACD for XRP/USD is currently gaining bearish momentum, with a negative bias. 4 hours RSI (Relative Strength Index) – The RSI for XRP/USD declined recently and it is now well below the 40 level. Key Support Levels – $0.3085, $0.3050 and $0.3000. Key Resistance Levels – $0.3185 and $0.3200. The post Ripple Price Analysis: XRP Signaling Significant Bearish Break appeared first on Live Bitcoin News.
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