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News Roundup: Tracking Twitter Crypto Influencers Is Now Easy

It has been an eventful week in the space. Here are some of the most interesting headlines that caught our eye. Microsoft Expands its Crypto Footprint with Games and Badges Tech companies like IBM and Microsoft have been exploring how to participate in crypto and blockchain projects. This week Microsoft announced that it would turn a 1980’s choose-your-own-adventure game book series into a card-collecting game using blockchain technology. It also announced new digital collectible badges on an ERC20 token to be awarded to contributors to the open-source arm of Azure, its cloud computing platform. Litecoin’s Interesting Week Hitting its lowest hash rate of the year, Litecoin published a statement to ease concerns of a 51% attack, stating its unlikelihood due to the high cost to carry out such an operation and the individual miner’s freedom to move from malicious pools. Meanwhile, the Litecoin Foundation launched a funding campaign to develop and implement privacy features in Litecoin through LTC-MimbleWimble integration led by Grin developer. MimbleWimble, if properly implemented, should add a layer of privacy for Litecoin users. The Problem with Teaching Crypto in North Korea A US citizen who attended a blockchain and crypto conference in North Korea has been arrested due to a federal complaint stating he conspired to help North Korea violate rules in the International Emergency Economic Powers Act. He works for the Ethereum Foundation and stated that his presentation amounted exclusively to a transfer of technical knowledge to other attendees. North Korea is a country that anyone would be smart to avoid. Hopefully the US authorities have real proof of wrongdoing and this person gets a fair trial. A Crypto SDR In an attempt to have a stable global economy, the SDR was created under the Bretton Woods agreements. Now a new crypto company is launching a global cryptocurrency that is meant to mimic SDRs function by being created from when someone purchases it and burnt when it is sold back. Trying to mimic a Bretton Woods tool with cryptocurrency is weird, but if so many ICOs managed to get funded when it was obvious they wouldn’t succeed, this one should have a shot. In any case, the leading currency in a post-sate society – or any other kind of society really – should be Bitcoin and not a new coin based on SDR. You can Now Track Crypto Influencers on Twitter A project called Lunacrush allegedly created new tool that tracks the most influential crypto personalities on Twitter. How they decide who is an influencer and what is the depth of that person’s knowledge is not known. All we know is that the value of the information that these “influencers” deliver based on 280-character tweets shouldn’t influence your decision-making process too much. Remember to DYOR and make sure you diversify your sources. The post News Roundup: Tracking Twitter Crypto Influencers Is Now Easy appeared first on BitcoinChaser.
Bitcoin Chaser

Bitcoin's privacy could benefit from Litecoin's EB on MimbleWimble proposal

As developers continue to improve Bitcoin security and scalability, one area that isn't receiving as much love is privacy. Cryptocurrency regulations have been an issue the space has been struggling wThe post Bitcoin's privacy could benefit from Litecoin's EB on MimbleWimble proposal appeared first on AMBCrypto.
AMBCrypto

Litecoin's current movement might send it to the oversold zone

The only thing that has been surging with regard to Litecoin is the FUD around the implementation of MimbleWimble. The price of the altcoin, on the other hand, seems to be moving mostly sideways, withThe post Litecoin's current movement might send it to the oversold zone appeared first on AMBCrypto.
AMBCrypto

Litecoin MimbleWimble, Bitcoin Lightning Usage, XRP USD Usage & Decentralized Shutdown

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The Modern Investor

Litecoin Foundation launches crowdfunding campaign to develop confidential transactions for LTC

The Litecoin Foundation has announced the creation of a dedicated fund to support the ongoing development of privacy features for Litecoin and is calling for community members to donate. On Tuesday, the Singapore-based non-profit said on LitecoinTalk the fund will finance the efforts of David Burkett, the Grin developer currently working to bring confidential transactions to Litecoin via MimbleWimble extension blocks (EBs). Burkett, Litecoin creator Charlie Lee, and Litecoin developer Andrew Yang architected the push for privacy earlier this year, announcing in two proposals that the ability to send confidential transactions was needed to protect the fungibility of LTC. The foundation’s latest post explains: “If Litecoin is going to be adopted by mainstream users and businesses, we need to provide financial privacy. For example, fungibility helps protect users from having their transactions or balances readily accessible on the blockchain for criminals to identify attractive targets. “ A “mutually beneficial arrangement” Technically only half of the fund’s proceeds will be used for work on the Litecoin-MimbleWimble integration. The other half is to finance Burkett’s work on Grin++, an open-source wallet and node client for Grin that will be used in Litecoin’s extension blocks — the foundation explained that for this reason, they had a vested interest in funding the development of Grin++. The fund is targeting a total of $72,000 to compensate Burkett at a rate of $6,000 per month for the next 12 months, as he will purportedly be working 30 hours a week split evenly between the two “mutually beneficial” projects. The Litecoin Foundation — which is headed up by Lee — has pitched in $5,450 worth of LTC and BTC to kickstart the crowdfunding effort, and at time of press has received 5 LTC (roughly $221) from donors. The post Litecoin Foundation launches crowdfunding campaign to develop confidential transactions for LTC appeared first on CryptoSlate.
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ESSENTIAL

Monero fees plummet to a couple of cents, as the privacy-centric cryptocurrency releases Beryllium Bullet, a highly anticipated system-wide software upgrade. The core change in Monero 0.13.0 includes the introduction of bulletproofs, a breakthrough cryptographic technology that restructures the verification of Confidential Transactions, the technique that helps Monero obfuscate transacted amounts

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ESSENTIAL

Mimblewimble is an extremely lightweight blockchain protocol that can implemented as both an upgrade to Bitcoin or an independent chain. By taking elliptic-curve cryptography several steps further than Bitcoin, Mimblewimble builds upon a number of techniques such as Confidential Transactions, CoinJoin, and One-way Aggregate Signatures and strips down blockchains of all unnecessary data to bring unprecedented scalability and absolute anonymity

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Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ

Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will go out of the central bank system and enter […] Cet article Price Analysis 09/12: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, XTZ est apparu en premier sur Bitcoin Central.
Bitcoin Central

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
NewsBTC

EOS Price Hit after Getting a C- in Decentralization by Weiss

Blockchain project EOS started this week on a negative note after an independent agency downgraded its rating from B to C-. Weiss Crypto Ratings published a report on December 6 wherein it demoted EOS to lower ranks over its centralization. The agency noted that just 0.01 percent of the EOS token holders control over 68 percent of the voting power on its blockchain. That allows a handful of entities to practice censorship over hundreds of thousands of EOS investors. In comparison, provable decentralized projects like Bitcoin works across 9,300 nodes to confirm and validate transactions atop its blockchain. 1/6 We’ve had great respect for work and thinking that went into the #EOS project. But the Weiss Crypto Ratings model is not based on opinion. It’s driven by data. And that data has now caused a downgrade from B to C-. Here's why (full article to be published soon): — Weiss Crypto Ratings (@WeissCrypto) December 6, 2019 EOS spent a quiet weekend but its value eventually took a toll during the Monday session. The EOS-to-dollar exchange rate was down by $0.083, or 3.02 percent, as of 1658 UTC. Against bitcoin, the cryptocurrency did relatively better, falling about 1.64 percent to trade at 359 sats. The market capitalization likewise took a plunge roughly worth $500 million to settle a low at $2.534 billion. At its December peak, it was $2.613 billion. Ascending Channel The latest move downside brought EOS close to retesting the support of an Ascending Channel. While the lower trendline certainly capped the price from falling further downward, the negative sentiment arising from the Weiss report could weaken it in the near-term. The bearish case prompts EOS to retest to close below the Channel Support and target 304-342 sats area as an accumulation range. In the event of a breakdown, traders could extend their short position towards 284 sats while keeping a stop loss above the level at which they had entered the trade. EOS is trending inside an ascending channel | Source: TradingView.com, Coinbase On the other hand, the price has not failed to reach the upper levels so far. A pullback action from Channel support could push EOS back towards the Channel resistance. Traders with low-risk appetite could use the bounce-back as an opportunity to open a fresh long position 405 sats. Meanwhile, they could minimize risks by maintaining a stop-loss order just below the Channel support. A Consideration From a fundamental point of view, investors who were bullish on EOS might find it hard to digest its centralization issues. The sentiment could prompt some to switch their positions for tokens with more attractive opportunities. Such a scenario could suit the breakdown scenario as discussed above. Meanwhile, traders can look to accumulate EOS ahead of the launch of Voice. EOS creator Block.One on Thursday announced that it would launch the EOS-based social media platform on February 14. While the announcement did not help neutralize trading sentiments immediately, traders can still speculate on the Voice launch to make interim profits. One could watch out for a reversal from Channel resistance – a sign that traders are processing the Voice news – and place his/her upside positions. EOS Price Hit after Getting a C- in Decentralization by Weiss was last modified: December 9th, 2019 by Yashu GolaThe post EOS Price Hit after Getting a C- in Decentralization by Weiss appeared first on NewsBTC.
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