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The bitcoin rally: fact or fantasy?

It was perhaps unfortunate that the most recent bitcoin rally happened to coincide with 1st April, also known as April Fool’s Day in a number of countries. The tradition of the day is to see if you can fool people into believing the story you tell them. Some newspapers are expert at it: the UK’s Guardian newspaper is renowned for its April Fool stories, such as the discovery of the island of ‘Sans Serif’, which any printer would immediately have spotted as a hoax. So, it’s unsurprising that there were those who thought the bitcoin rally was also some kind of 1st April joke, as Bloomberg reported.But it wasn’t a joke, as the surge went on past noon on 1st April, the cut-off time after which one cannot play any more pranks. It continued to increase in price with some dips until 9th April, when we saw a almost all the major cryptos go red again, but only slightly.Multiple theories about bitcoin surgeThere have been other theories. One analyst, Tone Vay, suggests there is no particular trigger; it’s just normal speculation: “Shorts are liquidated, there were short squeezes, more people jumped onto the hype, and a lot of news media always look for a trigger to cause big drops and big rises. I would say more than half the time they are just trying to match news to something that it did not necessarily need news to happen.” Bloomberg also put forward the idea that it could be down to algorithmic trading. This is a method where automated software detects trends and determines when trades should be made. And Reuters suggested that a 20,000 BTC order was spread across United States-based crypto exchanges Coinbase and Kraken, as well as Luxembourg’s Bitstamp was the trigger for the surge. Some even connected it to the UK’s interminable Brexit situation and to people selling off GBP in case the UK crashes out of the EU and the Pound falls through the floor. Meanwhile the bulls were in the press talking about the end of the so-called ‘Crypto Winter’ and predictions about bitcoin hitting big figures were in the headlines.The problem for the average person looking at the bitcoin market is this: who should you believe? It really is a tough call, even for those who know the market fairly well.Not everyone is bullish on bitcoinAnd then there are those who will tell you not to trust in what you are seeing. Brendan Coffey at Forbes claims that the “smart money” expects bitcoin to drop. He points to the weekly Commitment of Traders report from the Commodity Futures Trading Commission. This says “says that while small speculators (classified as non-reportable in the report) increased their long positions 18% and shrunk their short positions 27% compared to last week, large traders — hedge funds and other large speculators — raised their short bets almost 45%.” Also, large trader long positions in bitcoin were trimmed back by 24% this week, which is a bearish manoeuvre.What does this mean for the price of bitcoin. Coffey suggests it may not create a big rise or fall. However, he does advise taking a look at the last bitcoin rally in 2017, when bitcoin futures first launched as well. These futures allowed people who were sceptical about bitcoin to bet against it, and he indicates that while we are seeing short-term gains, the longer-term picture may prove more challenging. Why? He says, “As a purely speculative investment with a heavy amount of non-trading professionals betting on it, bitcoin has tended to display classical chart patterns.” And according to his charts, there is still a “thick blue line of resistance” to overcome. That stands at about $6,000, “but expect the sellers to come in at $5,500 and continue to sell on moves into the $6,200 area,” Coffey says. His reasoning, which is perfectly logical, is that people who “got caught holding bitcoin when it plunged will want to get out with what they put in.”The answer would seem to be that the current bitcoin rally is both fact and fantasy. Yes, we have seen it surge to over $5,000 from hovering around $4,000 just a few days earlier. The fantasy bit? It is going to be some time, if it ever happens, before it reaches $50,000, even if that is the prediction of a crypto guru!The bitcoin rally: fact or fantasy? was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

Amuse to Giveaway Tickets for The Fact Music Award (TMA) Featuring the Biggest Names in Korean Music

Amuse is offering fans the opportunity of a lifetime to watch a  The Fact Music Awards that features, among other acts, K-pop phenomenon BTS. The award ceremony will be held on April 24, 2019, at the Incheon Namdong Sports Complex. The two and a half hours extravaganza will have an impressive and star-studded line up of top bands from the country, like Red Velvet, GFRIEND, MAMAMOO, MOMOLAND, Chung-ha, MONSTA X, I-DLE, THE BOYZ, Stray Kids, TWICE, iKON and others. The highlight of the evening will be the boy band, BTS, one of the biggest musical stories from Asia. BTS are no strangers to music lovers in Asia and around the world as they have given multiple hits and have performed before sell-out crowds in Asia, North America, South America, and Europe. Amuse is giving a chance to get free the award ceremony tickets and it’s really easy to get them. Find out more on how below. Tickets can be obtained by participating in the Amuse IEO, or Initial Exchange Offer. Amuse is creating a platform that will bring high-quality arts and culture to people through on-demand viewing. And it is to fund this venture, that they are hosting their IEO. The campaign will run simultaneously on Amuse’s own platform as well as on several crypto exchanges. Remember that tickets are limited and this is a rare opportunity to enjoy BTS, among other bands, live and exclusive. So you will need to hurry up to bag those tickets and book a date with the biggest names in K-pop. Tickets for the award ceremony will be given away from March 25th till April 15th. During this period, special registration on the platform will be opened. Here users will be able to buy AMS tokens and get a standard or VIP ticket for free. For the purchase of tokens worth 50 ETH, you will get a standard ticket and if you buy tokens worth 200 ETH, you will get a VIP ticket as a gift. The process is pretty simple. On the dashboard, the user will need to fill in a few quick details. After sending ETH to a given wallet address, a payment confirmation will be sent. Tokens will be deposited in the wallet. The detailed instructions and free ticket distribution are provided on special Amuse platform “We are extremely pleased and excited about this Fact Music Awards. Not only does it give us a chance to create a buzz around the path-breaking platform we are creating with Amuse, but also gives us an opportunity to present BTS in front of a massive home crowd before the band leaves on a whirlwind tour of America and Europe,” said Ms. Mun Song Hui, CEO of Amuse. “I am looking forward to fans taking this opportunity to see their idols live and also support us in our endeavor.” About BTS   BTS, short for Bangtan Sonyeondan (or Bulletproof Boy Scouts), is a seven-member South Korean boy band that debuted in 2013. They are the first Korean band to enter the prestigious US Billboard – a single inside the Top 100 and to debut an album at No.1. BTS will be the main attraction at The Fact Music Awards. After the opening Red Carpet, the main event will start at 7 pm sharp.     About Amuse Amuse is creating a unique content creation and distribution platform powered by the blockchain. The main service areas of Amuse platform will be – Creation studio Creator management Funding based on blockchain Payment through cryptocurrency Cultivation and promotion of arts and culture. The objective of Amuse is to become the No.1 platform for the arts and culture business where producers will simply focus on creating high-quality artistic content. The marketing and distribution of this content will be done by Amuse through a variety of network opportunities. Amuse will be an ecosystem that will dramatically improve the K-pop culture and help create future stars. Amuse integrates the cultural arts platform using blockchain. Apart from the ability to perform all transactions on the Amuse platform through AMS, token holders will get preferential treatment on the ecosystem. This includes ease of booking tickets during Amuse-sponsored concerts and other exciting events, giveaways, gifts and rewards for consuming Amuse-created content and much more. Users can download VOD content using AMS tokens. Advertisers will be able to integrate their ads into the ecosystem by paying AMS. To know more about Amuse, visit Amuse website. The latest updates Amuse posts in Twitter. Amuse has multilanguage Telegram support in English, Japanese and Chinese. Disclosure: This is a Sponsored Press Release The post Amuse to Giveaway Tickets for The Fact Music Award (TMA) Featuring the Biggest Names in Korean Music appeared first on NullTX.
NullTX

Fact Check: Do US Travelers Need a Visa to Visit Europe?

In the onslaught of fake news allegedly stemming from U.S. media sources, readers can now add another mark to their expanding chalkboard. Late last week, it was reported that Americans would be required to apply for visas beginning in 2021 if they wanted to visit Europe. U.S. citizens could apply through what’s known as the European Travel Information and Authorization System (ETIAS). The completion of an online form and an $8 fee gives interested parties a travel permit that once initiated, lasts up to three years until renewal. False: US Citizens Do Not Need to Acquire a Visa to Travel The post Fact Check: Do US Travelers Need a Visa to Visit Europe? appeared first on CCN
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Fact news by Finrazor

HIGHLIGHT

In 2017 the crypto boom was in its prime and BTC, in particular, saw a rise, especially in the second half of December ($19,783). One year later, the BTC price is nowhere near where it was in December 2017, about $3,800

DIGEST

Total raised funding amount on Week 47 comes to $39.2M, which is +9.44% in comparison with the previous Week 46 ($35.5M). Total raised funding amount on Week 46 comes to $35.5M, which is -2.25% in comparison with the previous Week 45 ($36.3M)

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HIGHLIGHT

According to a new report called 'Detailed Report Into The Cryptocurrency Exchange Industry' released by CryptoCompare, the US dollar represents half of the BTC-Fiat trading on average throughout the last 30 days. The other two leading currencies are the Japanese Yen (JPY) and the Korean Won (KRW)

HIGHLIGHT

Finrazor: Make Your Own Crypto Forecast Legitimate

Every day there appear tons of predictions to potentially ‘affect the market.’ Their quality varies drastically, and as a rule, this is how the predictions are formulated that matters in terms of their popularity. Anyway, why not become a soothsayer and make your own crypto forecast, ‘legitimate’ and ‘evidence-based’ one? With our Trending tool, now it is as easy as never was.

Have a nice weekend!

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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.
Ethereum World News

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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