Mithril is a decentralized social media platform that rewards all content creators.
Soft cap
Hard cap

World latest news

Gaining Mass Adoption: Blockchain Platform Converts Users Fame Into Coffee and Clothes

Gaining Mass Adoption: Blockchain Platform Converts Users Fame Into Coffee and Clothes Mithril, a decentralized platform that rewards content creators on social networks, told Cointelegraph that they are working on expanding the acceptance of its MITH token merchant network into different categories, such as coffee shops, restaurants, sports clothing and adult entertainment platforms. For instance, […] Cet article Gaining Mass Adoption: Blockchain Platform Converts Users Fame Into Coffee and Clothes est apparu en premier sur Bitcoin Central.
Bitcoin Central

Binance Coin [BNB] rides second surge wave: 6.05% in an hour

Binance Coin is among the best performing cryptos in 2019. The token’s price surged by a massive 340% since the beginning of the year and doesn’t seem to be nearing an end. However, the coin was undergoing correction at press time, after consistently pumping by 12% over the past 24 hours. The price of BNB surged from $21 to $24, which is a surge of 12.38% in a day. Source: TradingView This pump was followed by a correction wave, where the price dropped by approximately 4.37% in an hour, which was followed by a sideways movement. At press time, the price was $24.29 and the market cap was $3.2 billion, and the price had fallen by more than 5% in six hours. The total trading volume of Binance Coin was $244 million, with most of the trading volume coming from the parent exchange Binance. The trading volume was being derived from two pairs, BNB/USDT and BNB/BTC, which cumulatively contributed 35% to the total trading volume. Binance Coin migrated from ERC20 to its own blockchain. Binance also launched its decentralized exchange, Binance DEX. In addition to BNB migrating to its own blockchain, other crypto projects like Mithril, Bolt, etc. have also migrated to Binance’s blockchain. In the spirit of adoption, Binance announced a bounty program of $250 worth of BNB. This was announced via a tweet, To celebrate #WorldPasswordDay #Binance is giving away $250 in $BNB! #BinanceChallenge -Every 2 hours a clue is released-Use clue to solve password-Solving password unlocks 3 recovery phrases-Collet 12 recovery phrases & restore wallet-Claim $250 in $BNB! CONTINUED BELOW — Binance (@binance) May 2, 2019 The post Binance Coin [BNB] rides second surge wave: 6.05% in an hour appeared first on AMBCrypto.

As Projects Flock to Binance Chain, Its DEX Has a Lot to Live up To

You wouldn’t know to look at it, but Binance DEX could soon become the busiest exchange in the cryptosphere. At present, MITH is the only token tradable on there, though it will soon be joined by NOW – the first token to be added to Binance Chain – plus hundreds more if exchange boss CZ has his way. But how accessible is Binance DEX, particularly to users of countries that are denied access to centralized exchanges? And exactly how decentralized is Binance DEX? Also read: Wizsec Security Blames Coinlab After Mt. Gox Trustee Delays Proceedings Binance Wants to Make DEXs Sexy Characterized by poor UX, low liquidity, and slow onchain order execution, decentralized exchanges (DEXs) aren’t much fun. Binance DEX promises to change all that, with an interface that resembles its parent exchange, and block times of just a few seconds ensuring trades are settled rapidly. Cryptocurrency projects seem sold on it, at least, with dozens having already applied to join Binance Chain and be listed on its DEX. The first project to be officially added to Binance Chain, Change Now, is in the midst of initiating a token swap, and appears destined to join the DEX next, based on tweets from Binance CEO Changpeng Zhao and sentiment expressed on Binance Community. There it will join mithril (MITH), which is currently trading on Binance DEX against BNB. There’s not much to do on Binance DEX at present other than create a wallet and acclimatize to its layout and ordering procedure, before waiting for projects migrating to Binance Chain to complete their token swaps. In addition to Change Now, whose Now Swaps service has also been assisting with the BNB token migration, CZ has spoken of welcoming multiples more projects onto Binance Chain and its corresponding DEX than are currently listed on the main exchange. In the weeks to come, the trickle of tradable projects on Binance DEX looks set to become a torrent. Help the @Binance_DEX validators decide, help the industry grow, should @ChangeNOW_io be listed? Voice your opinion at: — CZ Binance (@cz_binance) April 25, 2019 Getting Started With Binance DEX A wallet creation tutorial guides beginners through the prerequisites to begin trading on Binance DEX and there’s also a detailed guide to getting started. Users are given three ways to access their wallet: using a keystore file and password, using a 24-word mnemonic phrase, or with a private key. The Binance-owned Trust Wallet, as well as the Coolwallet S and Ledger devices are all supported, enabling users to access the DEX directly from their hardware wallet. Trust and Coolwallet utilize a service called Wallet Connect, which provides DEX authentication by scanning a QR code via the respective mobile wallet. True Decentralization or Just Window Dressing? Much has been made of the design of Binance Chain, whose node validators are all controlled by the exchange. In the context of censorship resistance, therefore, Binance DEX, which runs on Binance Chain, doesn’t score highly, but then that was never the intention. The DEX has been designed to facilitate trustless trading without the need to deposit funds, and it achieves that with aplomb. Binance Chain doesn’t need to rival Bitcoin or Ethereum in terms of decentralization; its primary purpose is to enable the noncustodial exchange of assets. These assets are of course limited to Binance Chain’s native BEP2 tokens. Unless wrapped versions of BTC and ETH are made available on the chain, therefore, leading cryptocurrencies will remain unavailable on the DEX. Binance DEX looks very similar to its parent exchange As for who can trade on Binance DEX, the exchange has issued no formal guidelines as to which countries, if any, are excluded. With no KYC or registration required to participate, however – not even an email address – anyone can technically trade on the decentralized exchange, with a VPN taking care of any IP blocking that might otherwise stand in the way. Binance caught flak for quietly excluding countries that were subject to U.S. sanctions, such as Iran, late last year. These individuals will be able to trade on Binance DEX in the knowledge that central powers are powerless to seize their funds. If Binance DEX can provide that, it will have justified its existence. Justifying the great expectations surrounding the new decentralized exchange will take longer. What are your thoughts on Binance DEX? Have you tried it yet? Let us know in the comments section below. Images courtesy of Shutterstock. Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry. The post As Projects Flock to Binance Chain, Its DEX Has a Lot to Live up To appeared first on Bitcoin News.
Bitcoin News

Binance Invites New Tokens to Issue on Binance Chain – Is it a Threat to Ethereum Network?

One of the largest cryptocurrency exchange, Binance has recently launched its own decentralized exchange (DEX) which now runs on Binance’s native blockchain, Binance Chain. The exchange is now inviting other community development to issue their new tokens on Binance chain. Is Binance Chain a Direct threat to Ethereum Network? After launching Binance chain, BNB was reportedly migrated from Ethereum network to Binance native chain on April 23. As Binance Coin (BNB) which is currently the seventh largest cryptocurrency moved from Ethereum, it is likely to create a sense of migration among upcoming and existing tokens as well. The fact is that Binance as crypto exchange, within a very short period of time, began ruling other reputed trading platforms. Meantime, Binance Coin also outperformed over other long-existed crypto coins in terms of market capitalization. The exchange has released a new announcement on the same day of Mainnet swap completion (i.e today – April 23) and offers other community development to issue their new tokens on Binance chain. Very soon after Binance chain launch, Mithril (MITH), a crypto project becomes the first project to migrate into Binance Chain. Nevertheless, reports also reveal other projects like Red Pulse Phoenix (PHX) and Atomic Wallet Coin (AWC) to follow suit. However, PHX token was built on NEO platform and very soon major token ecosystem would be migrated to Binance native chain. Binance DEX experienced its successful launch on Binance chain after completing the testnet period of two months. As per Binance report, nearly 8.5 million transactions were made to determine errors if any – as such these two months testnet period carried trading competition, coding competition and bug bounty program which enhances the trust among large crypto community towards the final launch of Binance chain and DEX on top of it. Binance and its CEO, CZ may not necessarily in direct competition of Ethereum but the product similar to what Ehtereum offers – will definitely pose a question. Nevertheless, Coingape recently reported CZ’s sentiment towards Ethereum Crypto and Binance Coin – wherein he reveals ETH is better than BNB coin when it comes to feature whereas the former lacks focus and latter kept eyeing on one specific aspect. Concerning Binance DEX launch, CZ adds that; “We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system.With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.” The post Binance Invites New Tokens to Issue on Binance Chain – Is it a Threat to Ethereum Network? appeared first on Coingape.

Ethereum Killer? More Projects Choose to Migrate to Binance Chain

Coinspeaker Ethereum Killer? More Projects Choose to Migrate to Binance ChainLast week, Binance, the world’s largest cryptocurrency exchange, made headlines when it announced the launch of its blockchain protocol. As Coinspeaker has reported, the name of the first project that has taken a decision to migrate to Binance Chain is also known. It’s Mithril.Moreover, it has been disclosed that the company’s token Binance Coin is to be activated on its Chain tomorrow, on April 23.But it is not the end of the projects that are to be available on Binance Chain in the nearest future.  Red Pulse Phoenix [PHX] and Atomic Wallet have decided to follow the example of Mithril and migrate to the blockchain offered by Binance.Migration to Binance ChainRed Pulse is a market intelligence platform that ran its Phoenix token on the NEO platform. Recently, it has been informed that a major portion of their token ecosystem would be transferred to the Binance Chain.The integration will presuppose the launch of a new BEP-2 token called PHB and migration of NEP-5 PHX tokens on to BEP-2 PHB tokens.Traders will have an opportunity to work with new PHB tokens on the traditional and the new Binance DEX platform.As for Atomic Wallet, it is also switching from Ethereum to Binance Chain. It will offer its client not only token migration but also their wallets support to the Binance Chain.Binance Chain vs EthereumToday, as more and more projects prefer Binance Chain, there are a lot of talks about the decreasing competitiveness of Ethereum.Nevertheless, Changpeng Zhao, co-founder and CEO at Binance, who is better known as CZ, doesn’t want their new project to be viewed as an “Ethereum killer”.Yes, Binance Chain is able to offer projects higher speed but it does not challenge Ethereum, as CZ has noted in his tweet, as it doesn’t even have smart contracts.Thanks for the nice article! But almost too supportive. lol. @Binance_DEX does not challenge Ethereum, it doesn't even have smart contracts. It challenges ourselves, exchanges. 🙂— CZ Binance (@cz_binance) April 18, 2019There are a number of other differences. First of all, Binance Chain is less decentralized as it is controlled by the company and has a small number of validator nodes.Secondly, they have different consensus algorithms. Tendermint’s consensus algorithm used by Binance ensures much higher performance, more scalability, and much less time needed for settlements if compared with Ethereum’s Proof-of-Work.Moreover, as CZ highlighted, Binance Chain can’t do a lot of things that ETH can and their Binance DEX is focused on one use case only.BNB PriceGiven all the news around Binance today, there is little surprise that the value of Binance Coin is continuously growing. Now the coin ranks as one of the top 10 major coins in the worldIt has never been so high before. Even Justin Sun, the founder and CEO of Tron foundation, the creator of TRX, has congratulated the project as the BNB price hit new All-Time High.Huge congrats to @binance & @cz_binance on breaking the ATH! No matter bull or bear, eventually, our value depends on what we buidl.— Justin Sun (@justinsuntron) April 20, 2019At the moment, the coin is traded for $ 24.50 having gained 5.73% over the least 24 hours.Ethereum Killer? More Projects Choose to Migrate to Binance Chain

Binance Chain adds two more projects to its list as the Mainnet swap nears

Binance, the largest cryptocurrency exchange in the world, launched its blockchain protocol on April 18 and announced Mithril as the first project to migrate to its Chain. Red Pulse Phoenix [PHX] and Atomic Wallet too followed the suit and migrated to Binance Chain. Red Pulse Phoenix token operated on the NEO platform and recently announced that they would be migrating “a major portion” of their token ecosystem to the Binance Chain. The blog from Red Pulse Phoenix informed: “The integration will consist of the launch of a new BEP-2 token called PHB, native to the Binance Chain ecosystem, and subsequent migration of NEP-5 PHX tokens on to BEP-2 PHB tokens, which will then be tradable on both as well as Binance DEX, the new decentralized exchange feature developed on top of the Binance Chain blockchain.” Atomic Wallet also followed the other and decided to switch from Ethereum to Binance Chain. It will offer token migration and wallet support to the Binance chain. Apart from the current support, there are rumors of ENJIN Coin migrating to Binance Chain. ENJIN Coin’s CEO Maxim Blagov had mentioned a significant feature that had something to do with Binance Chain. Many big projects are leaving the Ethereum ecosystem and migrating to Binance Chain, however, the Binance Chain does not have a smart contract feature, which could make some projects seeking decentralized contract settlement to stay with Ethereum instead. The post Binance Chain adds two more projects to its list as the Mainnet swap nears appeared first on AMBCrypto.

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern. BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick. Source: TradingView Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read: .@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019. Please see the below link for further details on the actions that will occur along with the planned timings for them to do so. — Binance DEX (@Binance_DEX) April 18, 2019 The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future. In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted: “$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.” A Twitter user, @carlitosblvd123, commented: “So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?” @jigneshon, another Twitter user commented: “Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. ” The post Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern appeared first on AMBCrypto.

Every Crypto That’s Migrating to Binance Chain is Pumping

Cryptocurrencies who are making the move to the new Binance Chain DEX are seeing some impressive price gains, which could open the floogates for many more to follow.  Chain Migrations Are So Hot Right Now Shortly after announcing the launch of its mainnet yesterday, as well as the details for the BNB swap, Binance revealed that Mithril (MITH) will be the first project to see its token migrated on Binance Chain. “MITH will be one of the first projects to migrate tokens onto Binance_DEX. Our community, thank you for your support!” said Changpeng Zhao, Binance CEO. Additionally, the cryptocurrency exchange also announced that they will be adding support for MITH/USDT trading pairs today, April 19th. As a result, MITH price 00 surged. At the time of this writing, MITH is up more than 69 percent against the USD over the last 24 hours. As seen in the above chart, MITH is doing very well when trading against BTC as well. Over the past day, it has marked an increase of about 57 percent. Binance Midas Touch While Mithril was the first project to announce its migration to Binance Chain, others are now following in its footsteps. Red Pulse, a market intelligence platform which covers China’s economy and capital markets, has also revealed that it will be migrating to Binance’s blockchain. Just as MITH, the price of Red Pulse’s token, PHX 00 has also surged following the announcement. Against BTC, the token surged more than 36 percent. However, its price has since pulled back a bit as PHX is up about 20 percent up at press time. Another token ENJIN 00, belonging to Enjin wallet, is also seeing considerable gains after announcing it would support Binance chain alongside the ENJ/USDT ticker being listed on the Binance exchange. The Enjin Wallet will fully support #Binance Chain, including $BNB assets and @Binance_DEX exchange functions. We're excited to be a part of this @binance revelation and provide #EnjinWallet users with a convenient, secure, and precise trading platform. — Enjin (@enjin) April 19, 2019 Incentive to Pump Price Sudden increases in the prices of different altcoins following their migration to Binance’s blockchain surely remind of Ethereum and the ICO craze that saw prices saw to record highs when the total cryptocurrency market cap surpasses $800 billion. Back then, a lot of newly issued tokens on the Ethereum network used to skyrocket in value following their initial coin offering, netting those who invested in them notable returns. Of course, we have yet to see if Binance will become the new ‘token factory.’ But it will be interesting to see if more coins follow suit to Binance chain, particularly if it comes at the expense of Ethereum. Admittedly, the incentive to pump their value after a 15-month bear market is certainly palpable at the moment. What do you think of Binance’s blockchain and DEX? Don’t hesitate to let us know in the comments below! Images courtesy of Shutterstock, TradingView The post Every Crypto That’s Migrating to Binance Chain is Pumping appeared first on

Binance Chain’s first project Mithril to launch with MITH/USDT trading pair

Binance launched its blockchain protocol on April 18 and it already has its first project launch on its network. Mithril, a decentralized social media platform will migrate to Binance Chain. The company’s MITH token, that ranks 121st on CoinMarketCap will transfer from ERC20 to Binance’s BEP2 standard. Binance Chain has been a highly anticipated project in the crypto world since its announcement and with its launch, the community provided ample support to the move. According to reports, Binance is luring companies into migrating to their new native chain and leave Ethereum. According to Mithril’s blog post, the migration commenced after the mainnet launch of the Binance Chain and informed the MITH holders that the deposit and withdrawals on will be halted for the initial 12-hour migration period, however, trading will continue. The post added: “Once the initial migration of ERC20-based MITH to BEP2 MITH is complete, Binance users will be able to withdraw MITH to BEP2 wallets, such as the Ledger Nano S, and begin trading on Binance DEX. ERC20 versions of MITH held in private ETH wallets or on other exchanges will not be impacted.” As Mithril announced about its migration to Binance chain, the price of MITH, Mithril’s native coin saw a surge. The coin also saw a 70% hike,  followed by a market correction. At press time, MITH was valued at $0.0782 with a market cap of $40 million. The 24-hour trading volume of the coin was $108 million as it pumped by 67.10% over the past day. In the past seven days, the coin noted a surge of a massive 81.47%, which started to dip by 0.84% over the past hour. Following the addition of the project, Binance announced the listing of MITH/USDT trading pair, which will start trading on April 19, 10 AM UTC. The post Binance Chain’s first project Mithril to launch with MITH/USDT trading pair appeared first on AMBCrypto.

Mithril Will Become the First Project to Adopt Binance Chain

Coinspeaker Mithril Will Become the First Project to Adopt Binance ChainJust recently it has been disclosed that Mithril will the first project that will migrate to the blockchain software system developed by Binance which is known under the name Binance Chain.Migration to Binance ChainIt is expected that this move will enable MITH token holders to enjoy all the benefits that Binance Chain and the new Binance DEX platform may offer. The list of advantages includes high speed, security, and user-friendliness. Moreover, token holders will have an opportunity to execute full control over their own funds.As Coinspeaker has reported the mainnet of Binance Chain was launched on April 18, 2019. It is said that its native BNB tokens will be activated on the network on April 23 and after this day holders of the token will be invited to migrate their holdings to the new network.Though the exact date when the migration of MITH from ERC20 to BEP2 will take place hasn’t been announced, it is expected to happen in the nearest future.Mithril will be the first project to migrate to @Binance Chain!$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds. Learn more:— Mithril_Official (@MithioOfficial) April 18, 2019Mithril is known to be a decentralized social media platform that offers content creators rewards in its native crypto MITH. Mithril is working on building a comprehensive ecosystem the core of which will be its MITH token that already now can be spent in various real-life applications.According to the company’s post, since the very launch of Mithril, they have been attentively considering the progress of various blockchain platforms with a view to analyzing their achievements in enhancing scalability, security, and ease of use.As today Mithril is actively expanding across different real-world sectors through Mithril Merchant Network partners including such spheres as media and entertainment, food and beverage, retail clothing, and events management, the issues of speed, security, and user-friendliness are really vital for the success of the entire ecosystem.And Binance Chain has turned out to be just an appropriate choice as it is focused on usability, security, along with the incredible speed of one-second block times. That’s why Mithril names its migration to the Binance Chain an important strategic initiative.The company’s announcement states:“We are honored to join Binance in growing the ecosystem and supporting the launch of the first DEX that will offer users the benefit of self-custodied funds and the wide liquidity pool of the Binance community. We are grateful for the long-standing partnership with Binance, and look forward to continued growth and success together.”Mithril already now warns holders of its token that during the initial 12-hour migration period deposits and withdrawals of MITH on will be disabled. Nevertheless, trading won’t be suspended during this time.As soon as the initial migration of ERC20-based MITH to BEP2 MITH is complete, token holders will be allowed to withdraw MITH to BEP2 wallets, including the Ledger Nano S, and start performing their trading activities on Binance DEX.It’s also important to highlight that ERC20 versions of MITH that are stored in private ETH wallets or on other platforms will not be influenced by this process of migration. MITH PerformaceThis news has been revealed approximately 4 months after Binance first listed MITH for trading on its main exchange and has a significant impact on the token price.This information has made MITH the biggest gainer of the day as it has managed to gain more than 65%. According to Coinmarketcap, it is currently trading at $0.078345 with a market cap of $40, 283, 801.Mithril Will Become the First Project to Adopt Binance Chain
More news sources


Hot world news

Coin Source Will Bring Dai to Its ATM Users

Stable currencies are all the rage as of late, primarily because they aren’t prone to the price swings and volatility one often witnesses with mainstream digital assets such as Ethereum and Litecoin. If you want to invest in crypto but are nervous about the prospects, stable currencies could be the answer. Now, they’re earning an even larger boost through companies like Coin Source, a Texas-based operator of cryptocurrency ATMs. Coin Source Brings Stability to Crypto The venture recently announced that it would be adding the stable asset Dai to its many ATMs located throughout the southern United States this summer. The addition of the coin is “in preparation” for what the company calls a widespread remittance program, in which workers will be able to send money home to their families in the form of Dai or other cryptocurrencies that they can trade or sell. Travis Gough, chief product officer at Coin Source, comments: In remittances, people want to save as much value and they don’t want to be subjected to the high volatility that you’re seeing in bitcoin and other cryptocurrencies that can be very speculative. Price swings are a persistent worry in the crypto space, and likely never to leave enthusiasts’ minds fully. At the same time, it’s easy to suggest that currencies like bitcoin are suddenly easier to accept given these swings are now traveling north. Since April of this year, bitcoin has been enjoying a serious bull run, having jumped by nearly 200 percent in just the last three months alone. After a lengthy period of traveling through the doldrums at the mid-$3,000 range, the currency began its new string of price spikes last April with a sudden (and unexpected) jump to $5,000. The good news this time around is that bitcoin’s sudden behavior is likely being sparked more by market trends, which will make this bull run more stable than the one that occurred in 2017, reportedly the subject of manipulation by users of the stable currency tether. Along with bitcoin, currencies like Litecoin have also surged in price, heightening the crypto space’s present levels of legitimacy. A New and Improved Way to Send Money The Coin Source remittance service – which will at first be available to customers only in the United States – will allow ATMs to transfer Dai and other digital assets between wallets. Once a customer receives funds, they can forward them to the wallets of selected parties granted those parties have satisfied all of Coin Source’s know-your-customer (KYC) requirements. Receiving individuals can then confirm the funds and trade or sell them accordingly. All transactions occurring by way of Coin Source are recorded onto the Ethereum blockchain. At press time, the company operates more than 230 ATMs in nearly 30 states and in Washington D.C. The post Coin Source Will Bring Dai to Its ATM Users appeared first on Live Bitcoin News.
Live Bitcoin News

Amun AG Launches New Exchange-Traded Product With Data Provided By Bitwise Crypto Index

The fintech firm based in Switzerland, Amun AG, released its new plans to launch an exchange-traded product (ETP) using Bitwise 10 Select Large Cap Crypto Index as a benchmark. The Swiss SIX Exchange has already allowed several other ETPs to operate in the country. Amun AG Works On New ETP Bitwise Index Services has just […]
Bitcoin Exchange Guide

OmiseGo Price Analysis OMG / USD: Burning The Stash

OmiseGo has a bullish short-term bias, with the cryptocurrency rallying to a fresh 2019 trading high The four-hour time frame shows the OMG / USD pair has invalidated a bearish pattern The daily time frame time highlights that bulls are attempting a major technical breakout Fundamental Analysis OmiseGo has gained momentum after GO.Exchange announced that it is planning to use its profits to burn OMG tokens. GO.Exchange is a new blockchain project from OmiseGo team, and it marks a major milestone for the OmiseGo ecosystem. OmiseGo / USD Short-term price analysis OmiseGo has a bullish short-term bias, with the cryptocurrency performing a bullish breakout on the four-hour time frame. The four-hour time frame shows that OMG / USD bulls have invalidated a head and shoulders pattern, with price now testing back towards the head of the bearish pattern. Technical indicators on the four-hour time frame are bullish and continue to issue a buy signal.   OMG / USD H4 Chart by TradingView                                                                                  Pattern Watch Traders should note that the upside target of the invalidate bearish and shoulders pattern is located at the November 14th, 2018 swing-high. Relative Strength Index The RSI indicator on the four-hour time frame is bullish, although it is now extremely overbought.                                                                                  MACD Indicator The MACD indicator on the four-hour time frame is bullish and continues to issue a buy signal. OmiseGo / USD Medium-term price analysis OmiseGo has a bullish medium-term trading bias, with the cryptocurrency attempting a major breakout on the daily time frame. The daily time frame is showing that OMG / USD bulls are trying to ignite a bullish inverted head and shoulders pattern. The attempted bullish breakout has so far proved unsuccessful, with price slipping back towards neckline support. Technical indicators across the daily time frame are bullish and continue to issue a buy signal.   OMG / USD Daily Chart by TradingView   Pattern Watch Traders should note that the November 2018 trading high is the overall upside target of the bullish pattern on the daily time frame. Relative Strength Index The RSI indicator is also bullish on the daily time frame, although it is correcting from overbought conditions. MACD Indicator The MACD indicator is bullish on the daily time frame and continues to issue a buy signal. Conclusion OmiseGo bulls have successfully invalidated a bearish head and shoulders pattern on the four-hour time frame, opening-the-door for further short-term gains. Medium-term bulls now need to ignite the large bullish pattern on the daily time frame or they risk the prospect of a failed technical breakout.   Check out the OmiseGo coin guide.   OmiseGO ChartChart byCryptoCompare baseUrl = ""; 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=OMG&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); #ccpw-ticker-24546 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24546 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24546 a.tabperiods.tabperiods_active, #ccpw-ticker-24546 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24546 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24546 .coin-container:after, .ccpw-container_four #ccpw-ticker-24546 .coin-container:after {border-color:#ccc !Important;}   The post OmiseGo Price Analysis OMG / USD: Burning The Stash appeared first on Crypto Briefing.

Approval For Settled Bitcoin Futures On LedgerX

The New York-based LedgerX LLC is “a US-regulated trading platform for physically-settled digital currency derivatives” and has had its application for designation as a contract...
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.