Live issues: who needs to find Satoshi and why it's high time to invest in crypto?

Live issues: who needs to find Satoshi and why it's high time to invest in crypto?

The office of KuCoin is empty, the hassle between CZ and Christopher Franco and the final end of BitConnect — in this weekend’s news.

ETH

136.69 USD
-0.59%

BCH

163.04 USD
-3.24%

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Bitcoin Lightning Network will never be production ready, says Bitcoin Cash [BCH] proponent Rick Falkvinge

Rick Falkvinge, a prominent Bitcoin Cash [BCH] proponent, said that the much-anticipated Layer 2 solution or the Lightning Network project is a “dead end for all intents and purposes”. According to Falkvinge, the so-called solution failed to provide solutions for some of the major problems plaguing the Bitcoin network since the past year. In a recent video, Falkvinge claimed that unlike a normal project, whose completion time decreases over time, the LN project’s completion time has only increased over time. Backing his claim that the Layer 2 solution would never be project ready, in his presentation, Falkvinge pointed out that in late 2015 or 2016, the Lightning network was just six months away, but in 2017, it was announced that the project was 18 months away. However, no updates were revealed the year after that. The founder of the Pirate Party, who has been a huge critic of the scalability solution project, outlined eight problems with the Lightning Network back in February last year. He also opined that the concept of Watch Tower was fundamentally wrong. Talking about deploying watchtowers to monitor on-chain transactions on the network, Falkvinge said that it was an unnecessary complexity. One of the problems that he noted was that the users must be online to receive funds. Falkvinge said that the “so-called” solution that LN presented over the past 12 months is that in place of users, a third-party ecosystem called “watch towers” would be online to detect possible threats and other malicious actors and neutralize it. According to him, this is not a solution as Bitcoin does not require “anybody” to be online for a transaction to settle. He also spoke about the legal liability associated with Lightning Network nodes. He stated that when a user on the network deposits money into a channel with another user, the individual starts acting like a bank and that bank requires a license to run. This is where the legal liability comes into the picture, he said. Additionally, calling it a design flaw in the Layer 2 solution, Falkvinge said that there would be no cold storage and the users on the network wouldn’t be able to store funds safely. The post Bitcoin Lightning Network will never be production ready, says Bitcoin Cash [BCH] proponent Rick Falkvinge appeared first on AMBCrypto.
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Ethereum Price Weekly Analysis: Buy ETH With Break Above $138

ETH price declined recently, but it found a strong support above $132 against the US Dollar. The price recovered and it is now facing a solid resistance near the $137-138 zone. There is a major breakout pattern formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher once there is a proper break above $138 and $140. Ethereum price is aligning for the next move versus the US Dollar and Bitcoin. ETH/USD will most likely climb higher as long as there is no close below the $132-133 support area. Ethereum Price Analysis After forming a stop near the $144 level, there was a steady decline in ETH price against the US Dollar. The ETH/USD pair declined below the $140 support level to move into a bearish zone. Later, it found support near the $135 level, but buyers failed to hold losses. Finally, there was a downside break below the $135 support and the 100 simple moving average (4-hours). The price declined below the $134 support and traded close to the $132 support area. Recently, the price recovered and moved above the $135 level. However, the price seems to be facing a strong resistance near the $137-138 area. At the moment, it is trading near the $135 level and the 100 simple moving average (4-hours). An immediate support is near the 50% Fib retracement level of the last wave from the $132 low to $138 high. More importantly, there is a major breakout pattern formed with resistance at $138 on the 4-hours chart of ETH/USD. The triangle support is near the $134 level, below which the next key support is near the $132 level. It seems like the price is preparing for the next move either above $138 or below $134. On the downside, there are many supports near the $134, $133 and $132 levels. Therefore, there are high chances of an upside break above the $137-138 resistance area. The above chart indicates that ETH price is likely to climb above the $137-138 resistance area. In the mentioned bullish scenario, the price could even break the $140 resistance and revisit the $144 resistance area. The next key resistance is near the $148 level, followed by $150. On the flip side, if buyers fail to push the price above $138, there could be a downside reaction. A break below the $132 support may call for a test of the $130 support. Technical Indicators 4 hours MACD – The MACD for ETH/USD is currently flat, with a few positive signs. 4 hours RSI – The RSI for ETH/USD is currently below the 50 level, with a bearish angle. Major Support Level – $134 Major Resistance Level – $138 Ethereum Price Weekly Analysis: Buy ETH With Break Above $138 was last modified: March 24th, 2019 by Aayush JindalThe post Ethereum Price Weekly Analysis: Buy ETH With Break Above $138 appeared first on NewsBTC.
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Binance looking to roll-out margin-trading service as regulators voice disapproval

Binance, the second largest cryptocurrency exchange by adjusted volume is preparing to launch a margin trading system that will make trading volatile digital assets riskier than it already is, reported TheBlock. Retail customers are a mainstay with the exchange and to further increase their customer count, Binance will allow them to trade on the margin, state sources close to the exchange. This feature will allow investors to trade on borrowed funds and the coin held will be placed as collateral for the issuer, which spikes the risk of the transaction even more. The report does say that there is no margin trading currently on offer and that no confirmation of a future approval was provided by Binance. However, there were rumors circulating that in order to use the margin feature, users would need to hold the exchange’s native token, Binance Coin [BNB]. Binance’s Application Programming Interface [API] showed a margin trading feature, which was discovered by a programmer on Reddit earlier this week. Given this revelation, cryptocurrency proponents believed that an imminent update would include a margin trading feature. The programmer stated: “This change has not been reflected on the documentation. Further analysis of the response revealed that all 482 trading pairs have spot trading enabled and margin trading disabled; which makes sense. However, this API update implies that Binance is considering the implementation of margin trading features.” Changpeng Zhao, the CEO of Binance, eased the concerns of the community, stating on March 22 that the exchange has not yet scheduled the inclusion of margin trading on their platform and that this was part of a “future proof” for their API. He stated: “We future proof our API framework as part of our system upgrades. No dates.” Regulators across the world have consistently warned their investors of chiding margin trading as it greatly increases the risk of investing. Furthermore, a volatile underlying asset like digital currencies inflates the risk even more. A note by the Securities and Exchange Commission [SEC] on the topic stated: “The downside to using margin is that if the stock price decreases, substantial losses can mount quickly.” Cryptocurrency exchanges have been ramping up margin trading options for their investors, given its popularity. Notable exchanges like Kraken, Bitfinex, and BitMEX already have this form of arbitrage on offer. Needless to say, regulatory oversight will increase once an exchange of the size of Binance introduces margin trading. The post Binance looking to roll-out margin-trading service as regulators voice disapproval appeared first on AMBCrypto.
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