Never Know What to Buy for BTC: Either an Artwork or an Apple (Weekly Digest, Week 52)

Justin Sun announces new dApps, ‘Black Swan’ is sold using Lightning Network, GMO quits its job, Korean court acquits Bithumb, BoA patents blockchain, Brazilian supermarkets accept BTC, Huobi joins Bitmain in laying off staff, Binance includes XRP as a base pair, Bitcoin Lightning Network capacity surpasses $2M

BTC

3,626 USD
-0.48%

XRP

0.3265 USD
-0.76%

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Ripple Price Analysis: XRP Could Target Fresh Weekly Lows

Ripple price is struggling to gain momentum above the $0.3300 and $0.3320 resistances against the US dollar. There is a key bullish trend line formed with support at $0.3240 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could break to the downside if sellers push the price below $0.3200 and $0.3150. Ripple price is slowly moving into a bearish zone against the US Dollar and Bitcoin. XRP/USD could accelerate losses if buyers continue to struggle above $0.3300 in the near term. Ripple Price Analysis Recently, there was a dip below the $0.3250 and $0.3200 supports in ripple price against the US Dollar. The XRP/USD pair traded as low as $0.3192 and later corrected higher. It moved above the $0.3220 and $0.3250 resistance levels. There was a break above the 50% Fib retracement level of the last slide from the $0.3383 high to $0.3192 low. Moreover, there was a break above the $0.3300 level and the 100 hourly simple moving average. Buyers also pushed the price above a connecting bearish trend line with resistance at $0.3260 on the hourly chart of the XRP/USD pair. However, the upside move was capped by the $0.3320 and $0.3330 resistance levels. The price also failed to settle above the 61.8% Fib retracement level of the last slide from the $0.3383 high to $0.3192 low. As a result, there was a fresh decline below the $0.3300 level and the 100 hourly simple moving average. At the outset, the price is trading near a key bullish trend line with support at $0.3240 on the same chart. If there is a downside break below the trend line and $0.3220, the price could accelerate losses. Looking at the chart, ripple price seems to be slowly moving into a bearish zone below $0.3250. If buyers continue to struggle, there could be more declines below $0.3200. The next key supports are $0.3150 and $0.3105. Technical Indicators Hourly MACD – The MACD for XRP/USD is showing a few negative signs in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 50 level. Major Support Level – $0.3200 Major Resistance Level – $0.3300 Ripple Price Analysis: XRP Could Target Fresh Weekly Lows was last modified: January 17th, 2019 by Aayush JindalThe post Ripple Price Analysis: XRP Could Target Fresh Weekly Lows appeared first on NewsBTC.
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Digitex Futures Launches Beta Version of Its Commission-Free Bitcoin Futures Exchange

Providence, Seychelles — January 16, 2019 — Digitex Futures, a non-custodial commission-free futures trading exchange, has begun onboarding traders to the Beta version of its platform. Marking exactly one year since the Digitex ICO, which sold out in 17 minutes, the ambitious crypto startup has taken CEO Adam Todd’s vision from an idea to reality in just 12 months. The Beta of the Digitex Futures exchange is a closed version that will officially start onoarding traders this week. The company’s developers will be adding more traders to the exchange gradually and continuously throughout Q1 of 2019. The general public launch is currently set for Q2. While the exchange will offer additional futures markets including Ethereum, and Litecoin futures, the Beta version of the exchange will offer Bitcoin futures only. Adam Todd CEO and Founder of Digitex Futures comments, “We’re delighted that the first version of our commission-free exchange is now ready. This period before quarter two public launch will be crucial in ensuring that any bugs are found and reported, that user feedback is taken into consideration, and that all features are working flawlessly. In less than a year, we’ve already done what we said we would and now we’re ready to shoot for more.” Exclusive Beta for Bitcoin Futures Trading Digitex decided to roll out the exchange to a small group of friendly traders first to provide the perfect testing ground before public launch. It’s not a random group of traders who will be taking the exchange through its paces. Traders on the platform had to compete for their slot in the Beta and each will have 1,000 DGTX airdropped into their accounts. The top 10 winners, who were the first names on the Digitex Futures Early Access waitlist, received a massive 100K DGTX each. But this isn’t just “free money.” The Beta version of the exchange doesn’t offer traders the possibility of depositing or withdrawing funds. The company realized that the best way to ensure a bug-free robust exchange was through active traders making as many trades as possible. All testers are required to trade with their DGTX and will be encouraged to hand over their feedback, report any possible glitches, and share their experiences with the rest of the Digitex Community–one of the largest in the industry. The Digitex Futures Telegram group is consistently among the most active and engaged on the platform and is staffed 24/7 to answer questions on the chat. Early Access Waitlist Reopens The Early Access Waitlist campaign for the closed Beta version was a roaring success. In just four months, Digitex saw more than 850K signups to its platform. After the first hundred winners were notified, Digitex decided to reopen the waitlist until the public launch goes live. Todd says: “With such a massive interest in our exchange, it doesn’t make any sense to keep the waitlist closed. We’re confident of having well over a million traders signed up by the time the exchange goes live. They’ll each be in with a chance of winning free DGTX and we’ll be able to hit the network effect out of the park and ensure a highly liquid exchange with a high number of engaged traders.” After completion of the Beta version, Digitex Futures will roll out to the public in quarter two of this year, with ambitious plans for the rest of 2019. These include the full incorporation of plasma technology into the exchange to offer decentralized account balances, the offering of additional futures markets, spot trading, and a mobile app. Traders interested in the project can learn how to purchase DGTX here. ### Press Contact Lidia Yadlos lidia@digitexfutures.com About Digitex Futures Digitex Futures Ltd is a non-custodial commission-free futures exchange with its own native cryptocurrency, the DGTX token. As an International Business Company (IBC) located in the Republic of Seychelles, Digitex was founded by former futures and betting-exchange trader, Adam Todd. The exchange will offer cash-settled futures contracts on BTC, LTC, and ETH with zero fees on all transactions. This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research. The post Digitex Futures Launches Beta Version of Its Commission-Free Bitcoin Futures Exchange appeared first on NullTX.
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