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A recap of emerging trends in the cryptoasset space (2019)

Having closed Q1 on a positive note and with the probability of having left the bear trend behind being very real, I wanted to take some time to evaluate the emergent trends within the cryptoasset space, that are likely to define 2019. While external factors, such as institutional onramps and custody are important, I will deliberately avoid focusing on those — as they are to some extent unknowns.PoS is becoming ubiquitousEveryone, and their grandmother are switching to PoS. According to Staked founder, Tim Ogilvie, there is “$25 billion of stake-able crypto that’s coming online in the next 15 months.” Capitalising on this trend, a bunch of venture backed staking as a service providers like Bison Trails, Staked, Chorus One and Figment Networks have sprung up left and right. As expected, more established players such as Coinbase were quick to react too, launching their own lines of staking products, tied in with cryptoasset custody. There is a lot of room to grow here, as this not only makes cryptoassets productive, but also introduces the potential for further experimentation with token models.Some resources- On fair token launches - Worklock: an improved token distribution model - 0x Roadmap 2019 (part 4) — proposal for stake-based liquidity incentives - The basics of Ethereum 2.0 economicsGovernance is a large part of the debateAs these networks mature, it increasingly becomes apparent that good governance is a must-have feature. Ethrereum’s failure to make crucial decisions and take action fast, has highlighted that need. But solving governance is a tough challenge, and on-chain (in its current form) is anything but panacea.Some resources - MakerDAO Governance Call - Coinfund’s governance model proposal - Polkadot’s governance model- An overview of the Politeia system architectureDeFi marches onThe recent addition of Dharma and the appreciation in the price of ETH, have launched the total USD value of assets locked in DeFi to ~$416M. Maker’s dominance stands at 86%, while DEXs have been thrust into the scene by Uniswap, primarily due to the innovative, low-friction, exchange model it employs. The vast majority of the activity is taking place on Ethereum, with Bitcoin being represented by the Lightning Network (contributing a little more than 1% of total assets locked). Expect more experimentation, maturing existing products and less friction on the UX layer.Some resources- DeFi Liquidity Models from Placeholder- Hummingbot vs Uniswap: Two approaches to liquidity- Mapping out Ethereum’s DeFiIEOs are a thing; STOs likely to stick around for longerAlready this year, 12 exchanges have announced IEO platforms and 39 projects have participated in an IEO. IEOs, as popularized by the Binance Launchpad, are a flip on the ICO model, that removes the risk layer that was introduced between ICO and exchange listing. So far, three small exchanges have facilitated two-thirds of all IEOs in 2019, BitTorrent still has the highest return with more than 500%, while only five tokens have actually grown in price since being listed. Now, has this format erased all the regulatory concerns that loomed over the ICO model? Categorically no — and while the exchanges launching those offerings are not necessarily bound to US regulations, some turbulence is to be expected due to — well — gravity! At the same time, while there’s a lot of legal ground to cover, it looks like STOs are picking up some steam — though looking like minor modifications of Reg-A’s and Reg D’s for now.Some resources- The IEO Phenomenon’s Impact on Markets and Token Models- Blockstack Announces SEC Filing for $50M Regulated Token Offering- Provenance.io Blockchain Raises $20 Million in Security Token OfferingGames are gaining tractionSince mid-2018, the blockchain based games catefory has been touted as a potential breakout vertical — not without reason. A quick look at stateofthedapps.com or dappradar.com is enough to see why. Gambling and gaming dapps take the lion’s share in engagement and interestingly, most of that activity is happening on the EOS and Tron blockchains. While this is not the permissionless innovation that we expected, in reality, for this use case there is no real need for total decentralization. That said, it’s hard to imagine a groundbreaking, paradigm shifting Dapp built on blockchains that are so easy to censor and tamper with. However, for the moment, there is no such Dapp and so EOS and Tron take the day.Some resources- The Evolution of the Blockchain Gaming Industry- Hashed’s New Incubator Will Initially Focus on Blockchain Gaming- Forte and Ripple’s Xpring to bring blockchain to gaming- Enjin overviewEcosystem funds will brute force dev adoptionAka, ‘If the mountain will not come to Muhammad, then Muhammad must go to the mountain’. EOS, Tron, Ripple, Algorand — the list goes on. Total capital committed to ecosystem funds among the 4 projects mentioned here, exceeds $500M. Wowzers! While the good people at Ethereum are working to find ways to untangle their thumbs, centralized outfits are investing aggressively. My prediction? Expect some wild winners and spectacular failures here.Some resources- Algo Capital Announces $100 Million Blockchain Fund- Xpring: a Ripple $150 million fund managed by Blockchain Capital- Block.one, SVK Crypto Jointly Launch US$50m EOSIO Fund- TRON unveils TRON Arcade: 100 Million USD Game Fund- ConsenSys Wants to Raise $200 Million from Outside InvestorsEnterprise; wink winkSo while crypto winter hit us hard in 2018, Entreprise was hard at work implementing all sorts of blockchain solutions, in order to capture many of the efficiencies that blockchain tech can bring in settlement, supply chains, contract execution and beyond.Some resources- Blockchain Goes To Work At Walmart, IBM, Amazon, JPMorgan, Cargill +- Thoughts On Blockchain Enterprise Adoption- Ethereum Continues to Lead the Way in Enterprise Blockchain Adoption- Oracle Accelerates Adoption of Enterprise Blockchain WorldwideA recap of emerging trends in the cryptoasset space (2019) was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

Market Update: Bitcoin Still Well Above $5,000 As Bitcoin SV (BSV) Still Struggles

Ever since Bitcoin successfully surged past $5,000 a few weeks ago, it’s consistently been oscillating around that mark, going up and down as the days roll by. For example, in the last three days, it has dropped from $5,150 to $4980, rising again past $5,220. There has also been very involved Bitcoin trading movement which is expected to push the price higher if it does continue like this. At the moment, Bitcoin still sits over $5,200. General State of Major Altcoins Most other coins are also doing well and trading consistently in green. Ethereum (ETH) has gone up 2.16% to $166.96 price, Zcash (ZEC) up 2.04% to $70.70, Basic Attention Token up 2.64% to $0.334 and XRP also increased by 4.21% to reach $0.338. Others in red, include Litecoin down 1.82% to $79.84, Stellar Lumens (XLM) is down 0.26% and trading at $0.116, Ethereum Classic (ETC) down 0.84% to $6.21. Furthermore, 0x (ZRX) Is up 1.43% to sell at $0.32, EOS up 1.47% to $5.47, the Binance Coin up 1.83% to $19.59, Cardano’s (ADA) up 2.42% to $0.0829 and TRON (TRX) up 1.75% to sell at $0.0268. Bitcoin SV At the moment, Bitcoin SV (BSV) is having serious issues after Binance officially delisted it from their platform. Shortly after Binance made their decision public, Erik Voorhees who is the CEO of Swiss-based Shapeshift also announced their decision to delist BSV. Currently, Bitforex has followed suit after an online vote saw more than half of over 50,000 respondents voting to delist the asset. Other platforms who have announced a similar decision include Bitrue, Bittylicious, Bitcoinrewards and Cryptorader. Due to all the problems faced by the coin, the price has fallen considerably. Conclusion The current Market Cap reads at $177.7 billion with a 24hr Volume of $40.6 billion with Bitcoin (BTC) consistently controlling more than half of the market as its dominance is 52.1% of the over two thousand cryptocurrencies currently available in the market. The crypto market, in general, isn’t where it used to be years back because it has obviously seen better days. However, the general mood around customers, exchanges, investors, and stakeholders isn’t too apprehensive and does seem somewhat calm. Only time will tell how long this calm will last. The post Market Update: Bitcoin Still Well Above $5,000 As Bitcoin SV (BSV) Still Struggles appeared first on ZyCrypto.
ZyCrypto

Coinbase CEO shares select growth metrics, suggests whole crypto industry is growing

Brian Armstrong shared a series of tweets indicating that multiple divisions of Coinbase were growing, including its Commerce, Earn, and Wallet services. He also suggests that the growth isn’t limited to Coinbase, either, suggesting the entire industry has been growing through the crypto winter. Brian Armstrong, CEO of Coinbase, recently released “unaudited” charts of some of the exchange’s metrics. Coinbase Commerce is growing nicely…. https://t.co/lamDEPoGXe (note: all unaudited numbers) pic.twitter.com/S8rIeytQgl — Brian Armstrong (@brian_armstrong) April 9, 2019 The charts suggest Coinbase’s business is growing on multiple fronts. Merchants are transacting more through Commerce, more people are learning about coins such as Stellar, Zcash, and 0x through Earn, and the USD value of crypto in the exchange’s Wallet service is growing. However, Armstrong received flak for posting the charts without Y-axes, meaning no meaningful numbers could be pulled from the graphs aside for the general growth trend. That said, Armstrong does elaborate the graphs use a linear and not a log scale. Since there are no numbers, it would be pretty challenging to audit them. — Mike Dudas (@mdudas) April 9, 2019 In October, Bloomberg reported that Coinbase was projected to bring in $1.3 billion in revenue despite the industry-wide slump in prices. If Bloomberg’s estimates are accurate, then this would represent a 40 percent increase in revenue over 2017. The charts presented by Armstrong could represent similar, or even greater, growth figures than revenue growth—especially after considering that many of these products are newer launches (which tend to have higher growth initially before tapering off when the user base becomes saturated). Not only that, Armstrong suggests that the growth isn’t limited to Coinbase: It's not just us either – whole industry seems to be growing nicely. If this is winter, let's hope it lasts! — Brian Armstrong (@brian_armstrong) April 9, 2019 Numbers aside, the trend is clear that these particular divisions of Coinbase are growing. And, if Armstrong is right that Coinbase is not alone in its growth, then perhaps the industry will emerge from the bear market with a stronger foundation than before. The post Coinbase CEO shares select growth metrics, suggests whole crypto industry is growing appeared first on CryptoSlate.
Cryptoslate

Crypto Price Analysis & Overview April.9: Bitcoin, Ripple, Ethereum, BitTorrent and 0x

Bitcoin BTC The price of BTC continued to climb rapidly this week and found resistance at $5350, not far from the next resistance at $5500. Further significant resistance levels are at $6000. From below, support at $4800. In case of retesting the last level (and getting supported there) could grant the market a green sign for bullishness. In the meantime, Bitcoin holds nicely on top the $5000 support area. Ethereum ETH Against the dollar at resistance at $180 is being tested, while support is at $170. The RSI is fragile in its high levels, and a correction to 200-days moving average can also take place soon. Against Bitcoin, a positive trend for ETH this week with an attempt to break up the 50 moving average line, with support around 0.033 BTC. Next resistance lies at 0.036 BTC. Ripple XRP Against the dollar, XRP saw a sharp increase in trading volume that has not been seen since December 2018. The volume increase had resulted in a breach of resistance at $0.32, as the resistance lies around the 200-days moving average line which is currently at $0.37. Support lies at $0.34, and as of now seems to hold. Against the Bitcoin, the price is aiming downwards (bearish), and unstable support is found at 6600 SAT. The next resistance lies at 7100 SAT. 0x ZRX Against the dollar, the support for ZRX is built around $0.34, while resistance lies at $0.39. The trading volume has risen, while the RSI is in its lower area. Against Bitcoin, following retesting support around 6400 SAT, ZRX had some attempts to break up the 7200 SAT resistance level. BitTorrent BTT Against the dollar, the range is relatively stable between the range of $0.00072 – $0.00082. Against Bitcoin, support around 14 SAT is tested while resistance lies at 18 SAT. It will be interesting to see if the 14 SAT level will hold. The post Crypto Price Analysis & Overview April.9: Bitcoin, Ripple, Ethereum, BitTorrent and 0x appeared first on CryptoPotato.
CryptoPotato

Rainbow Network: An off-chain decentralized exchange for synthetic assets

Ethereum’s programmable properties opens up the Decentralized Finance design space beyond simple value transfer. To date, lending platforms like MakerDAO, Compound, and Dharma, exchanges like Uniswap and 0x relayers, and prediction markets like Augur and Gnosis have provided a taste as to the variety of potential financial applications that can be restructured in a permissionless, non-custodial, globally accessible fashion.   Recently, Decentralized Finance has started moving in a more exotic direction with the emergence of synthetic assets, providing prospective users the ability to gain long and short exposure to any asset imaginable without requiring ownership of the underlying: this could be anything from the S&P500 index to Gold to alternative cryptocurrencies. Join Genesis now and continue reading, Rainbow Network: An off-chain decentralized exchange for synthetic assets!
The Block Crypto

Coinbase Will Pay You To Learn About Stellar

In an initiative to spread education on cryptocurrencies, Coinbase, the largest U.S. based crypto exchange, has added Stellar Lumens to its crypto tutoring platform Coinbase Earn.  As the name suggests, Coinbase Earn isn’t just about learning the lingo: users can also earn their favorite currency through studying and passing quizzes on the platform. Stellar Lumens, which Coinbase has just recently added to the advanced exchange Coinbase Pro, is just the most recent addition to the learning platform. Prior to Lumens, Coinbase Earn had listed other prominent tokens including 0x (ZRX) Basic Attention Token, (BAT) and Zcash (ZEC). To participate, a user must sign in to their Coinbase account or log in through Coinbase Earn. Then, after watching an instructional video and completing a quiz, the  platform will award cryptocurrencies to the user’s Coinbase wallets. Each of the five videos comes with a $2 bonus, paid in XLM. Each user also has the chance to invite four friends, and earn an extra $10 in XLM for each one who completes the course. One billion XLM have been earmarked for the project, representing nearly a full percentage point of the total XLM supply. It’s not the first time the Stellar Foundation has been generous with its reserves; last year, they announced a similar giveaway to owners of the Blockchain.com multi-asset wallet. By distributing such a large fraction of their reserves, the Stellar Foundation is hoping that millions of people will now have a stake in the new asset. “For a platform like Stellar, that aspires to be a worldwide payment network, that’s an incredibly compelling prospect,” the Foundation writes in its blog. “Our work with Earn will be ongoing, and we’ll post further updates as they happen.” Like many other exchanges, Coinbase has recently been revamping its platform and adding a host of new features. Coinbase Earn is only the latest example. For years, Coinbase has been known for being user friendly, but restrictive in terms of crypto options. Only recently have we seen the exchange expand support beyond Bitcoin, Ethereum and Litecoin, into a wider list of options. For instance, the long-awaited addition of  XRP to their platform came in short order, first on its advanced exchange, and then for regular custody. Then, right on the heels of the token’s IBM partnership, Stellar made its debut on the exchange’s main site, almost as if the announcement and listing were coordinated. As the digital economy expands, many cryptocurrency startups, exchanges, and blockchain based service providers are overhauling their platforms, seemingly in anticipation of a coming wave of implementation. The author is invested in digital assets, including BTC and XRP, which are mentioned in this article.  Join the conversation on Telegram and Twitter! The post Coinbase Will Pay You To Learn About Stellar appeared first on Crypto Briefing.
CryptoBriefing

Decentralized Exchanges : Explaining Makers, Takers, and the missing piece

By: Kush PatelCo-Founder & Solutions ArchitectThis week we would like to showcase a series of guest posts from fellow Co-Founder and resident Solutions Architect here at BlockX Labs. Kush Patel has been a consultant for some of Canada’s top banks. His experience spans from developing financial products to scaling complex technical architectures. Kush has also built and maintained Exchanges which transferred approximately $1bn worth of assets on a daily basis. Nowadays, he is focused on working with our clients to build decentralized exchanges.Part I of this Guest Series includes an in-depth explanation of the Maker and Taker concept and the distrust that happens in Decentralized exchanges. Part II will cover part of the blog we will explore available solutions and limitations of distrust problem by 0x protocol, wave, and Etherdelta.What do you mean by the ‘Makers’ and ‘Takers’ concept?To explain the makers and takers concept I will enlist the help of Mary Maker and Terry Taker for the following scenario:Mary wants to buy (or sell) BXL token (Blockx Labs token). Mary creates a BXL Order. It is important to note that it doesn’t actually matter if Mary buys or sells. Just that the transaction is created.In this scenario a Liquidity creator is a “Maker” and a liquidity reducer is the “Taker” in the exchange. For all intents and purposes, this makes Mary a “Maker” for the Exchange.Terry was reading important announcements about BlockX Labs. He sees Mary’s order on the Exchange and is interested in completing the order. Terry accepts Mary’s order and becomes the Taker for the exchange.How does this differ from a Centralized Exchange?In the example above, Mary created an example which was absorbed by Central Software. If any user wishes to trade, they would have to talk to this Central Software. The Central Software is what makes the exchange centralized. While blockchain is running on tens of thousands of nodes, a central server runs on much fewer nodes, possibly only one server.The Central Server is generally owned by one person or single entity. Such and entity can be scrutinized heavily and forced to censorship. This Central entity could also be target of attack by a malicious group of people or even a country quite easily. This is why decentralized exchanges provides universal participation and freedom from censorship.Exploring a Decentralized flowA decentralized flow is more about how the order is submitted to every user, not just a central book. Every user receives the order and every user has a chance to accept it once an order is placed. If the order is accepted, the order is thus fulfilled by both parties.In this example, Mary would create an order which is published to Terry and all other participants like Terry directly. In this scenario, ever user is running the Central book. When Terry accepts the order, it happens directly on the blockchain. Mary and Terry, as participants, are able to complete the trade without the need for a Central Book.In a decentralized flow, every user is running the Central Book. Mary publishes to Terry and all other participants Central Book directly. When Terry accepts the order. the settlement of the transaction happens on blockchain directly. All participants completes the trade without the need for a Centralized book or software. When the order is complete, this is added to a new block on the chain.Example of a Flaw in Decentralized FlowTo explore some challenges with decentralized flows, let’s take a look at the scenario below:Mary decides to sell BLX and Terry accepts. Terry sends the required Ether to Mary but Mary maliciously refuses to send BLX in exchange.In this instance, Mary is removing trust from the transaction, which also leaves the settlement of the transaction unfinished. This is the missing piece of decentralized exchange which hasn’t been fully addressed. How is trust guaranteed between two participants? What sort of protections need to be in place to protect the interests of all participants?ConclusionTrust is the missing piece that has not been fully addressed in decentralized exchanges. Makers and Takers as participants thus reach a standstill. Currently, decentralized exchanges lack adequate protections to ensure each “Maker” and “Taker” is protected at all levels of a transaction. While centralized exchange provides trust, it is limited by censorship and may become a target for hackers target. A core issue of decentralized exchanges is the problem of trustless participants to solve.Do you have any questions regarding Decentralized Exchanges? Let us know in the comments below!Kush Patel has been a consultant for some of Canada’s top banks. His experience spans from developing financial products to scaling complex technical architectures. Kush has also built and maintained Exchanges which transferred approximately $1bn worth of assets on a daily basis. Nowadays, he is focused on working with our clients to build developer tools, DEXs, and innovative blockchain products.BlockX Labs specializes in building developer tools and solutions for blockchain ecosystems.We aim to sift through the noise to bring some sense and clarity into the Blockchain space. Our accomplishments include AIWA — a wallet and DApp interaction tool for the Aion Network, and Universal Faucet — a test token faucet for Ethereum, Aion, and Tron.Follow Us on Twitter: @BlockXLabsDecentralized Exchanges : Explaining Makers, Takers, and the missing piece was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

0x, the zero exchange protocol

A historical overview of 0x 0x is a protocol built on the Ethereum blockchain aimed at facilitating peer-to-peer exchanges of Ethereum-based assets. The protocol was created by Will Warren, a structural engineering Ph.D. drop out, and Amir Bandeali, a former DRW trader. Warren was a student at the University of California, San Diego when Ethereum was first announced to the world. According to Warren, “when Ethereum came out, it struck me as the most important invention since the Internet, and I really quickly lost interest in everything else.” In June 2016, Warren decided to drop out of his Ph.D. program and focus his time on Ethereum, creating a tokenized derivative product. Join Genesis now and continue reading, 0x, the zero exchange protocol!
The Block Crypto

How Crowd Power and Carrots Are Redefining Blockchain Governance

It’s not just blockchains that have to reach consensus: the people using them also need to be in agreement. Otherwise, chain splits occur, as has happened to Bitcoin 47 times and counting. Blockchain governance has traditionally been dull, involving primitive voting systems and low participation. But as projects like Aragon and Kleros are starting to show, with the right incentives, community engagement will increase significantly, resulting in a fairer and more representative decision-making process. Also read: From Kucoin Spotlight to OK Jumpstart: Initial Exchange Offerings Analyzed The Quest for Better Blockchain Governance Decision-making in democracies is a fraught process, so what hope of achieving concord in the messy and combative world of cryptocurrency? With the last votes cast by Maker and 0x each attracting less than 1 percent of the available votes form their respective communities, it would be easy to conclude that blockchain governance is a niche pursuit within a niche industry, destined for participation by only the most passionate of crypto zealots. Voting is overrated. — Gavin Andresen (@gavinandresen) March 26, 2019 But away from the binary options afforded by simple onchain/offchain voting systems, a handful of crypto projects are developing more sophisticated systems that harness crowdsourced wisdom and incentivize participation. Kleros and Ethfinex are one such case. The dispute resolution project has joined forces with Bitfinex’s ERC20-based sibling to create a transparent exchange listing process. Their goal is to entrust the community to oversee token listings and to create a reliable list of legitimate tokenized projects. To achieve this, Kleros has created a token curated registry (TCR) that project details are entered into such as the logo, name, ticker and contract address. It’s then the responsibility of other users to verify this information. If they believe any of it to be incorrect, they can challenge the submission, and are financially rewarded if they are vindicated. In the first fortnight of the scheme, there have been 18 submissions by project teams, who have deposited a total of 459 ETH, while $60K of PNK, the Kleros arbitration token, has been staked by jurors who are mediating any challenges pertaining to the accuracy of the TCR, and rewarded for ruling correctly. When it comes to increasing community involvement, it turns out that carrot beats stick. Governance for the Good of It Blockchain governance can be traced all the way back to the birth of Bitcoin. The highly decentralized cryptocurrency features primitive voting mechanisms, such as BIP 34, which measures miner support as indicated by a higher version number appearing in block headers. This has historically been used to signal approval for proposed soft forks and other protocol changes. Subsequent cryptocurrency projects have devised a more formalized governance structure. Dash operates a decentralized autonomous organization (DAO) that enables masternode operators to vote on how the community’s budget, drawn from 10 percent of all block rewards, is disbursed. Its model has been emulated by numerous other projects including Horizen and Decred, which has implemented a system of ticket-holder voting, in which users who time-lock their funds are awarded tickets that are valid for both onchain and offchain voting. Altruism, Agora and Aragon Without financial incentives, blockchain governance is still possible, but the level of community involvement shrinks significantly. For people to participate, they must either care a lot about the project or have the task sweetened a whole lot. While Kleros and Ethfinex have favored the latter approach, devising a system that rewards ethical behavior and fair adjudication, projects with extremely passionate communities have found that intrinsic incentives are all it takes. Decentraland’s Agora dapp enables mana token holders to cast their vote on key matters in just a couple of clicks. It’s been used to resolve such questions as “Should the size of each LAND parcel be increased?” and “When should the next LAND auction take place?” Decentraland As crypto economic systems evolve, less primitive forms of governance will be required. DAO-based networks like Aragon are already hard at work in developing those systems. In the meantime, as projects as diverse as Decentraland, Kleros, Decred and Ethfinex have shown, there’s more than one way to implement blockchain governance. What are your thoughts on blockchain governance? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post How Crowd Power and Carrots Are Redefining Blockchain Governance appeared first on Bitcoin News.
Bitcoin News

0x / USD Technical Analysis: Breaking Losing Streak

0x is bullish in the short-term, with the cryptocurrency trading towards levels not seen since late January 2019 The four-hour time frame shows a bullish inverted head and shoulders pattern The medium-term picture is also bullish after price broke from a falling wedge pattern on the daily time frame 0x / USD Short-term price analysis 0x has a bullish short-term outlook, with the cryptocurrency breaking from its established trading range and advancing towards an eight-week price high. The four-hour time frame shows a bullish inverted head and shoulders pattern, with the current yearly trading high acting as a potential upside target for ZRX / USD bulls. Traders should expect further short-term gains while price trades above the neckline of the inverted head and shoulders pattern on the four-hour time frame.   ZRX / USD H4 Chart                                                                         (Source: TradingView)   Pattern Watch If the advance reaches the January 24th trading high then an even larger inverted head and shoulders pattern will take shape. Relative Strength Index The RSI indicator remains bullish on the four-hour time frame, although the indicator is trading close to overbought territory. MACD The MACD indicator on the four-hour time frame is bullish and is currently generating a buy signal. 0x / USD Medium-term price analysis 0x is bullish in the medium-term, with the cryptocurrency continuing to advance above its 50-day moving average. Since breaking out from the falling wedge pattern in late February, the daily time frame highlights that the ZRX / USD pair has been steadily rising. Traders should note that the overall bullish objective of the falling wedge pattern is likely to be the December 24th trading high.   ZRX / USD Daily Chart                                                                         (Source: TradingView)   Pattern Watch If the falling wedge pattern reaches its bullish target, a large inverted head and shoulder pattern will start to take shape on the daily time frame. Relative Strength Index The RSI indicator on the daily time frame is currently generating a strong buy signal. MACD Indicator The MACD is also generating a buy signal, with the MACD signal line and histogram turning higher. Conclusion 0x is turning increasingly bullish over both time horizons, with the cryptocurrency continuing to make a strong recovery from the worst levels of February. Traders should watch for the potential formation of bullish patterns across the four-hour and daily time frames as it may signal further gains ahead for the 0x / USD pair.   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0x(ZRX) Price $0.289 Market Cap$170,365,427.62 #ccpw-ticker-24527 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24527 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24527 a.tabperiods.tabperiods_active, #ccpw-ticker-24527 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24527 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24527 .coin-container:after, .ccpw-container_four #ccpw-ticker-24527 .coin-container:after {border-color:#ccc !Important;} Join the conversation on Telegram and Twitter!   Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post 0x / USD Technical Analysis: Breaking Losing Streak appeared first on Crypto Briefing.
CryptoBriefing

0x Protocol, Waves, and EtherDelta: Solutions and Limitations of Distrust

By: Kush PatelChief Technical OfficerThis week we would like to showcase a series of guest posts from fellow Co-Founder and resident CTO here at BlockX Labs.Part I of this Guest Series included an in-depth explanation of the Maker and Taker concept and the distrust that happens in Decentralized exchanges. In this second installment, we will explore available solutions and limitations of distrust by 0x protocol, Waves, and EtherDelta.What are 0x protocol, EtherDelta, and Waves?Firstly, all three represent examples of Decentralized Exchanges. For those that are unfamiliar, 0x protocol and EtherDelta are decentralized exchanges that allow users to trade different types of Ethereum-based tokens directly.Waves is a blockchain platform used to create custom application tokens (aka CATs), but also serves as a decentralized exchange in which users can trade newly created coin in a trading pair with any other Waves token.Although these examples are normally presented as decentralized, many of them do not actually meet the thresholds of ‘true decentralization’. Normally, 0x protocols are typically kept on a centralized book, while settlement is on a decentralized ledger.How do 0x and EtherDelta Work?In the first article of this series, we explained the concept of Makers and Takers. Most decentralized exchanges such as 0x protocol, EtherDelta have a lifecycle like the image below:In this example, Mary Maker sends the order, which then enters on the exchange running on 0x APIs. The order then resides in a central book hosted by each exchange. The order then shows up on a screen to be taken by Terry Taker and filled.One of the only pieces in this model that is decentralized is the Execution of the Smart Contract on both sides. In this instance, the settlement happens right on a distributed ledger (in this case it would be Ethereum). The order is then completed by Buyer and Seller account directly. This is the decentralized settlement.In EtherDelta, the order is similar to 0x with a few exceptions. The Order is firstly submitted to decentralized Contract. Terry Taker sees the order by reading the Contract and selects an order to fill. Trades are settled directly between Mary and Terry by their accounts. The central book is decentralized as is settlement.What the Advantages of these Decentralized Exchanges?Not everything is doom and gloom for decentralized exchanges. Anybody can trade, there is no central exchange, and settlement occurs directly between the participants themselves. According to Iddo Bentov, et al., having a single Decentralized Exchange hold the assets for all point-to-point and broadcast orders and allowing multiple Relayers will likely lead to a more liquid market. They further believe that competition among Relayers may lower the fees that user pay.EtherDelta has the added benefit of reputation as it was created by well-respected Ethereum developers. The settlement is decentralized, and liquidity in this exchange is central.What are some disadvantages?Iddo Bentov and co’s article expertly outlines some of the disadvantages and flaws of decentralized exchanges some of which include: exposure to arbitrage, vulnerability to miner frontrunning, exposure to exchange abuses, etc. Their article on the subject is highly recommended.We would like to add that in both 0x and EtherDelta, the Central book still exists in each exchange. The overall liquidity is thus diluted across the exchanges as well.According to Coincentral, to prevent scaling issues, the Waves platform uses a two-tier architecture with both lightweight and full nodes maintaining the network. Waves has an orderbook like the EtherDelta and 0x. In order to post an order, access to the Waves nodes are required while Matcher nodes are responsible for pairing orders and executing trades quickly, whilst they are still settled on the blockchainDisadvantages: The Central book still exists in each of the exchange. Furthermore, in both exchanges, the Overall liquidity is diluted. Both also only accept Ethereum, which vastly decreases the access to other cryptocurrency.ConclusionAlthough there are downsides to centralized exchanges, it is important to recognize the limitations each exchange provides. There are a lot of unanswered questions concerning governance, and the negative implications regarding the current limitations. Decentralized exchanges such as 0x, EtherDelta, and Waves, have made an impact in the blockchain space, but ensuring adequate performance, access to other currencies and ensuring security, is still yet to be seen.Do you think there are better Decentralized Exchanges than 0x, EtherDelta and Waves? Let us know in the comments below!Kush Patel has been a consultant for some of Canada’s top banks. His experience spans from developing financial products to scaling complex technical architectures. Kush has also built and maintained Exchanges which transferred approximately $1bn worth of assets on a daily basis. Nowadays, he is focused on working with our clients to build developer tools, DEXs, and innovative blockchain products.You can contact him at kpatel@blockxlabs.com.BlockX Labs specializes in building developer tools and solutions for blockchain ecosystems.We aim to sift through the noise to bring some sense and clarity into the Blockchain space. Our accomplishments include AIWA — a wallet and DApp interaction tool for the Aion Network, and Universal Faucet — a test token faucet for Ethereum, Aion, and Tron.Follow Us on Twitter: @BlockXLabs0x Protocol, Waves, and EtherDelta: Solutions and Limitations of Distrust was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Breaking: NASDAQ is Testing Trading of a Bitcoin-based Product

Coinspeaker Breaking: NASDAQ is Testing Trading of a Bitcoin-based ProductIt’s great news for Bitcoin (BTC) enthusiasts and the crypto community as Nasdaq is possibly testing the trading of a Bitcoin-based product. Cryptopolis, a quantitative analyst at StrongMarket, tweeted about purchasing one BTC on the Nasdaq platform through his TD Ameritrade account.Cryptopolis also noted that the BTC trading was available since April 10 on the Nasdaq platform.BREAKING: BTC is now being traded on the Nasdaq! I bought one BTC through my TDAmeritrade account! According to the chart it started trading April 10, 2019!! Other digital assets are soon to follow!! 🚀🚀🚀 pic.twitter.com/1VgE1Whoa4— Cryptopolis (@cryptopolis_x) April 22, 2019As we can see, Bitcoin (BTC) was trading against the U.S. Dollar under the ‘CXERX’ ticker symbol. However, Cryptopolis laters spoke with the support team of TD Ameritrade to clarify this matter. It turned out that this was just a test on Paper Trading platform meaning that you can just simulate a Bitcoin (BTC) buy, but not actually purchase it.However, the support denied giving additional details regarding this matter. In another tweet, Cryptopolis wrote:“UPDATE: According to TDAmeritrade support – it’s not a real trade in my account – it appears they are testing only using their Paper Trading platform. Support said “I’m not able to speak on it” -They did not know what CXERX is. Strange… But something is going on for sure!”Nasdaq’s Bitcoin Trading to Trigger Next Bull RunUndoubtedly, the availability of Bitcoin trading on the Nasdaq platform could trigger the next bull-run in the crypto market. It would be huge news for the overall crypto community as this could lead to a flood of institutional money flowing into the crypto market.Since long, Nasdaq has been to step in the crypto market through one or the other route. Nasdaq already provides several crypto exchanges with real-time information on two cryptocurrency indices – Bitcoin and Ethereum. If the world’s second-largest stock exchange allows BTC trading, it will open the floodgates for huge investor participation.Furthermore, Nasdaq is most likely to launch its Bitcoin futures contracts along with VanEck in the first half of 2018. A Bloomberg report released in November 2018 read:“Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people said. The New York exchange operator, which was first reported to be eyeing Bitcoin futures last year, wants to allow trading in the first quarter of 2019, one of the people said.”Nasdaq is most likely to be accompanied by another big player – Bakkt – who is planning for Bitcoin futures launch ahead this year. The year 2019 is likely to bring some of the most interesting developments in the crypto market.Since the beginning of April 2019, Bitcoin and the overall crypto market has created a fresh new hope after months of massive crypto winter. Bitcoin price has surged by nearly 30% in the last three weeks as it sets its new target for $6000. Similarly, the overall market has added $40 billion since April 1, as altcoins majorly participate in this month’s bull run.Breaking: NASDAQ is Testing Trading of a Bitcoin-based Product
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BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections

The cryptomarket is going through some good times, recovering from the sharp fall it had during 2018. The recovery of the global marketcap, and the high number of developments around cryptos and blockchain technologies has led many analysts to claim that we are close to witnessing not only a stabilization of the markets but also a bullish trend in the short term. Of all the crypto currencies on the ecosystem, BTC has always been the reference token, not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments. BTC is Having a Great Week BTC has experienced a significant price increase. After a period of constant “Bart Simpsons”, it finally seems that the most important cryptocurrency in the world broke the 5k resistance. This marks an a crucial milestone as it is a a value that could not be reached for months. However, during the last few hours BTC was curiously bullish. The token easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that BTC has been bullish for the entire past week, winning between 500 to 600 Dollars per token. BTC. 30 minute candles. After the big green candle, 5580 has become a new support Bitcoin (BTC) 1day candles. courtesy Tradingview Cardano (ADA) Also Shows Some Positive Signs Another token that has been specially bullish is Cardano (ADA) The project that promises to solve the “blockchain trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per token. One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of Cardano in that region. According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city. Right now, Cardano (ADA) experienced a correction that placed the token back to the support at 0.074 USD. The token then went up again to 0.075 with signs of another possible bullish trend in the short term Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that cryptocurrencies are extremely volatile. The post BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections appeared first on Ethereum World News.
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USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets

April 23rd, 2019, Frankfurt, Germany – USDX Wallet is a mobile-first instant transfers solution powered by blockchain technology. It targets crypto holders, allowing individuals to send and receive funds quickly and fee-free. It also covers the needs of an unbanked audience, and those who don’t want to pay commissions within traditional money transfer mobile apps. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. The native blockchain used by the USDX Wallet is based on the BitShares protocol and allows 100,000 transactions per second. USDX and LHT Tokenomics The payment system has two cryptocurrencies at its core: USDX token and LHT coin. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT. The total supply of LHT is 1 billion coins. LHT coins will be released gradually to the market; only 10% of the LHT supply will be issued each year, of which 5% will be freely tradeable and 5% will be locked on the blockchain to provide 200% collateralization. Recent Developments USDX Wallet has not held any private sales or presales, as it has received a sufficiently large venture investment. Future profits of the project will come from business account fees. From December 2018 to January 2019, there was an airdrop that attracted tens of thousands of participants. At the moment, USDX Wallet has surpassed 50,000 verified accounts. For the last several months the team behind the app have been implementing integration with crypto exchanges. The first platform to list LHT will be ExMarkets exchange, with two more exchanges to come. On Exmarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH). About Exmarkets ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad. Recently, ExMarkets was granted two operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of the few certified players in the market. Also, ExMarkets supports EUR (SEPA transfers) deposits to the cryptocurrency exchange and is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity. It takes only a few minutes to set up an account; users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, and tokens. ________________________________ For more information on USDX Wallet, visit https://usdx.cash. The free USDX Wallet app is available on Google Play and the App Store. Follow USDX Wallet on Medium, Twitter, Facebook and Telegram. ExMarkets platform https://www.exmarkets.com/. Media Contact Details Contact Name: Maria Lobanova Contact Email: mlobanova@usdx.cash Partnership Request Details Contact Email: partners@usdx.cash USDX Wallet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of stable value, or of any value at all. Disclosure: This is a sponsored press release. The post USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets appeared first on NullTX.
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