Technical analysis (BTC, ETH, XRP, BCH) Thursday, August 16, 2018

Technical analysis (BTC, ETH, XRP, BCH) Thursday, August 16, 2018

The general overview of Top-4 crypto coins for today — rise and fall and possible trends.


  • Bitcoin price recently broke above a short-term descending trend line as an early reversal signal.
  • Price reached the $6,650 level then made a pullback to the broken resistance.
  • Technical indicators also suggest a continuation of the reversal.


  • ETH price traded higher, but it failed to hold gains above $300 against the US Dollar.
  • There is a major bearish trend line capping gains with current resistance at $299 on the hourly chart of ETH/USD.
  • The pair may dip a few points and it could test the $277 and $271 support levels.


  • Ripple recently busted through a descending trend line to signal that a reversal from the downtrend is underway.
  • Price is pulling back to the broken resistance, though, so a retest appears to be taking place.
  • If the former resistance holds as support, price could resume the climb to the swing high or the next Fib extension levels.


  • Bitcoin cash price recovered further, but it failed to move above the $540 resistance area against the US Dollar.
  • There is an expanding triangle forming with current support at $492 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair could bounce back once again, but it has to break the $530-540 resistance zone for more gains.


8,744 USD


272.72 USD


0.4543 USD


437.73 USD


1.00 USD

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Harbor Tokenizes $100 Million in Real Estate Funds on ETH

One of the leading tokenization platforms, Harbor announced this week that they successfully tokenized $100 million in real estate funds. The firm tokenized four major funds with the goal to increase liquidity for investors. The move showcases growing interest by investors towards tokenized real estate. As part of the tokenization, Harbor provides investors with access to their inclusive platform. Here, investors can trade their securities in full compliance with the SEC. Speaking on the decision, Harbor’s CEO, Josh Stein described the maneuver as the natural evolution. The tokenized real estate fund includes a mash-up of 17 broker-dealers, a myriad of placement agents, and approximately 1,100 private investors. Importantly, iCAP Equity is the fund’s manager. Harbor Tokenizes $100 Million in Real Estate Funds via Twitter iCAP’s CEO, Chris Christenson spoke on the decision in detail in a recent interview. Here he explained why it was important to create the best investment experience possible for his clients. In his words, the best way to accomplish this monumental task was “providing liquidity for them.” Harbor Tokenizes Funds on Ethereum Blockchain Harbor chose Ethereum’s ERC-20 standard for the tokenization of the funds. Traditionally, Harbor would use its native R-token standard but developers decided that due to the passive nature of the investment, ERC-20 tokens were better suited for the task. More than Issuance Stein envisions Harbor as more than just an issuance platform. Now, the company seeks to provide businesses with a solid tokenization infrastructure. In this manner, companies can tokenize their existing assets. Stein explained that the demand for newly issued tokens was far less than previously expected. Interestingly, Harbor noticed that most STO investors were of the speculative nature versus true investments. Tokenizing Existing Assets Notably, Harbor discovered that tokenizing assets that already have value were much easier to market. For one, they are more geared towards the traditional investment community. Harbor Tokenizes Shares to Add Liquidity to the Market Traditionally, securities investors agree upon a multi-year lockup. Basically, you can’t sell your shares until an agreed-upon date. The problem here is that in many instances, investors need to access those funds for certain reasons prior to the agreed-upon date. In the traditional system, an investor would have to wait out the years until granted sales access or find an investor willing to take over the waiting period. Harbor’s platform does away with this nonsense and allows investors to trade their tokenized shares as soon as the SEC mandatory one year lockup period ends. Experience Equals Lessons Like any true pioneer, hard lessons were part of the learning process. Last year, Harbor attempted to issue tokenized shares in an apartment building. While the concept was solid, discrepancies arose between the mortgage lender. In the end, the deal was scrapped before launch. Harbor Tokenizes the World Harbor appears to have the flexibility and forward-thinking needed to adjust to the ever-changing crypto landscape. You can expect to see more major players in the tokenization sector begin to duplicate this strategy in the coming months. For now, Harbor appears to be a step ahead of the curve. The post Harbor Tokenizes $100 Million in Real Estate Funds on ETH appeared first on

BCH Microblog ‘Member’ Shows the Future of Reddit-Like Forums

Since the Bitcoin Cash upgrade in May 2018, software developers have unleashed a slew of microblogging protocols that utilize OP_return transactions. One application called Member is a BCH-based browser that makes use of these types of transactions and the extra space added to the data carrier size. While still in its infancy, the Member platform has matured into a censorship-resistant Reddit but with geolocated posts, reputational ratings, and native BCH tipping. Also Read: At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows The Member Client Continues to Grow Years ago, Reddit was an interesting online place that allowed many groups to connect, share news and content, and discuss in a forum-like atmosphere. These days, Reddit is synonymous with mass censorship and deplatforming as the corporate entity has banned a variety of subreddits this year. The crypto community caught wind of Reddit censorship last year when the company removed the subreddit /r/darknetmarkets. Reddit users can’t even trust the company’s founder and CEO Steve Huffman who was forced to apologize when he got caught altering pro-Trump related thread comments. Reddit censorship has increased significantly in recent years. Bitcoin supporters have seen severe forms of censorship on the subreddit /r/bitcoin as the owner and moderator Theymos and his minions deleted thousands of comments from visitors and suppressed the conversation during the block size debate. Last May, a former moderator who worked alongside Theymos told’s podcast host Matt Aaron how he was removed from the group of administrators after he failed to toe the line. Censorship like this has driven the BCH community to foster censorship-resistant microblogging communities like Memo. In tandem with Memo, another application called Member could push the Reddit-like forum concept to new heights using the BCH chain. Member has been around for some time now but the application has matured a great deal since reported on it last year. The application’s creator, a developer called Freetrade, describes the platform on Github, calling it a BCH blockchain browser. “It reads and allows users to create actions in the Memo/Member protocol — The client is an HTML5/JS BCH blockchain browser app with no outside js dependencies and it can be run from a website, or from a local file system,” Freetrade’s Github repo details. “Currently it connects to the Member server to get content, and uses Bitbox to get utxos and broadcast transactions.” Member treats topics like subreddits Getting Acquainted With the Member App In order to use Member, you need to have an account with the social network and microblogging app where all posts are permanently recorded to the Bitcoin Cash chain. 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Creating a new account without a Memo private key. To create a new post on Member, simply press the “New post” tab on the upper left side of the user interface. The platform will open a window that allows you to customize a new post with a title and text. You can also post a memorandum or post directly to the feed. After creating a post, other Member users can reply to the thread just like a traditional Reddit post and they can “like” the post as well. Moreover, you can be tipped bitcoin cash as Member offers a native BCH wallet that allows for tipping users. If you observe Member’s main feed, it’s set up similarly to the front page of Reddit and there’s a large variety of threads and discussions hosted on the feed. Additionally, you can check the most recent posts on the Member feed by pressing the “Posts (new)” tab on the upper left side of the screen. Creating a new post on Member. 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