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Cryptocurrency Exchange Kraken Lists Cosmos’ ATOM Digital Token

Cryptocurrency exchange Kraken on April 21, 2019, announced that it has listed Cosmos (ATOM), a proof-of-stake digital currency that utilizes the Tendermint consensus protocol. Kraken’s users will now be able to buy, sell, and store ATOM digital tokens. Kraken Lists ATOM After following Binance and other exchanges in delisting the controversial cryptocurrency Bitcoin SV (BSV),Read MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Many Chains, Many Cryptos, and One Ecosystem— 8BTC Boost’s Dialogue with Cosmos

Thousands of blockchain projects with their corresponding crypto token have popped up since the birth of bitcoin in 2008, raising the question of interoperability between independent blockchains. Cosmos, a highly anticipated blockchain project, aims to provide a solution to improve the interoperability between any number of other blockchains. Calling itself the “ Internet of Blockchains”, Cosmos launched the Cosmos Hub in March, the first in a series of proof-of-stake(PoS) blockchain that will be created within the Cosmos Network, Sunny Aggarwal, research scientist with Tendermint/Cosmos, and Chjango Unchained, Head of Strategic Communications for the project shared their insights into features of Cosmos’ cross-chain technology on 8BTC Boost’s latest episode of Geekhub Global Online, a global blockchain event featuring online courses and dialogues. Here are highlights from their presentations: Tendermint Tendermint, the underlying algorithm of Cosmos, refers to two different things : one is the BFT protocol , and the other is Tendermint Core. Invented by Jae Kwon in 2014, Tendermint is essentially a simplified and improved version of  Practical Byzantine Fault Tolerance (PBFT). The important thing about it is it has partial synchrony and 1-block finality, which allows us to make the block time as low as possible. In short, Tendermint is a BFT protocol that gives us scalability and the fault tolerance. Tendermint Core Tendermint Core is the implementation of Tendermint BFT. It is written in Go and is able to   handle all peer-to-peer and consensus logic. It can handle hundreds of validators at sub-5 second block time. This is the first production grade BFT consensus engine. Tendermint Core gives users a level of vertical scalability, which means it improves tps a single blockchain can achieve. However, vertical scalability is not enough. The horizontal scalability— several separate and specialized chains that interact efficiently—is also needed to build the entire blockchain ecosystem. The cool thing about Tendermint Core is it allows users to write their stake machine in any programming language and users can run any stake machine on top of Tendermint BFT. Some of the stake machines that have been moved on to Tendermint Core include EVM ,and Chain.com VM. The other cool thing about Tendermint Core is it allows you to use whatever validator you want,  so you can decide your validator using proof of authority or proof of stake or or even proof of work. Allowing you to have your own validator set gives your application some level of sovereignty, so  if you can use this to do both private blockchains or public blockchains, you can have a validator set that is based on your blockchain community. So Tendermint Core helps from the aspect of sovereignty,customization and you can use any language and it helps some scalability. Bonded Proof of Stake(BPOS) In Cosmos, you must bond your token as resource limiter for determining voting power. It eliminates wasteful energy consumption of proof of work. This is a public permissionless system. With slashing mechanism and unbonding period, Cosmos can solve nothing at stake problem. Delegation Cosmos allows any token holder to be a staker by delegating to a validator, to participate in and to secure the network. It has an algorithm called F1 to distribute block rewards efficiently to stake holders. It can also solve stickiness issues through features such as instant redelegation and validator commitments. Multi Token Model COSMOS has multi token model which allows fees to be paid in any token to massively improve user experience. COSMOS SDK COSMOS SDK is the novel application framework for building blockchains, which allows developers to build customized applications. COSMOS SDK is modula , secure and developer friendly. It is written in Go. In the future, there will be many different clients of COSMOS SDK written in various languages. It is completely open source and available on GitHub. Some blockchain projects such as IRISnet,LINO,KAVA have used COSMOS SDK. Inter Blockchain Communication (IBC) IBC pack is analogous to TCP/IP pack. The innovation with IBC is that it is able to achieve horizontal scalability. The biggest problem the blockchain industry is facing now is gaining mainstream adoption, which is caused by the lack of good enough decentralized tech to allow us build solutions that are faster and more user friendly than the centralized solution. So the horizontal scalability which can be achieved by inter-blockchain communication mechanism can help solve the problem. COSMOS HUB COSMOS Hub is specifically the application-specific blockchain that the Tendermint team has launched. It was just the first blockchain being launched on the Cosmos network, which refers to the wider ecosystem that contains all of these interoperable chains that are independent of each other but are able to communicate. COSMOS HUBS can be thought of as ISPs in the Internet of Blockchains, and it can act as a secure medium to prevent chains from double spending each other. Geekhub Global Online,a global blockchain event featuring online courses and dialogues, is developed by 8BTC Boost. The event regularly invite experienced technology companies around the world to deconstruct blockchain technology online to deliver cutting-edge, high-quality blockchain technology content to the Geekhub technology community. Community members can also participate in live interactions to explore the emerging technology.
8BTC

Terra Set to Launch an Independent Delegated Proof-of-Stake (DPoS) Blockchain Next Month

Terra, one of the better-known universal project that is building the next-generation and revolutionary payment system, has laid out its plans to develop a public blockchain. The new protocol will make effective use of a Cosmos SDK bolstered with a Tendermint PoS ( Proof of Stake ) that runs on a Byzantine Tolerant algorithm. This […]
Bitcoin Exchange Guide

OneLedger Exclusive | Enterprise Blockchain Solution | BlockchainBrad | Modular Business Blockchain

OneLedger is a cross-chain app platform designed for developers to extend blockchain technologies. The Oneledger Protocol bridges the gap for enterprise applications by providing native connectivity to any centralized or decentralized system, allowing for seamless communication. So this tech is basically an enterprise blockchain solution that is focused on bridging centralized enterprise technologies with emerging decentralized technologies. Website: www.oneledger.io Telegram official group: https://t.me/oneledger Twitter: https://twitter.com/OneLedgerTech Youtube: https://www.youtube.com/c/OneLedgerTechnologyInc Medium: https://medium.com/oneledger ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ►Join The BCB Tele https://t.me/BlockchainBradCommunity ► Follow on twitter: https://twitter.com/Brad_Laurie ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● timestamps 0:06 Intro 0:54 What Oneledger stands for 2:56 Enterprise landscape 5:10 How a Hybrid approach works 8:31 Going slow but executing with quality 12:40 Tendermint for Consensus 15:05 Enterprise fit and need 19:10 Partnership program 24:30 Roadmap 27:40 Security 29:25 TPS and Sidechains 36:07 Macro view of OneLedger 41:10 Utility of OLT 48:20 Revenue vs Runway 49:20 Summarising OnLedger 51:00 Revenue? 55:02 Community support is strong 57:20 The hard questions on price 59:58 Wrap-up More info: OneLedger provides an SDK and API to make coding easier than before. We have the concept of Business Modules that will allow developers to package sophisticated strategies. Basically, we are creating a general mechanism within the protocol to let blockchains map and transfer digital assets within OneLedger to run, exchange and support cross-chain transaction through side-chains. On the business layer of OneLedger, we offer a solution to bridge public chains and private chains which would encapsulate OneLedger into a small virtual network based on Business Modules. The network supports the private transactions inside of modules, and offers partial broadcasting transaction between modules or public transaction with whole network broadcasting. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● INVESTMENT DISCLOSURE: I have not Invested in this project. This is not Financial Advice. #DYOR always. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● PAYMENT/DONATION DISCLOSURE: This was 100% free and I received no financial compensation from the Oneledger Team for doing this video; not in fiat, tokens or any form on payment. Since several months ago, I decided to do only free content unless legitimate ambassadorships were involved. I believe that sponsored content is not a problem if disclosed, but this was NOT sponsored and there was absolutely no compensation received in any way, shape or form for this interview that I receive. For additional disclosure, I want to let you know that I have not yet invested in this project. This is not Financial Advice. Please #DYOR ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● GENERAL DISCLAIMER: The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensures freedom from losses. BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner. #Oneledger #blockchainbrad #blockchain #enterprise
Blockchain Brad

Terra | Co-Founder Exclusive | BlockchainBrad | Stable Coin | Luna | price-stable cryptocurrency

BlockchainBad speaks exclusively with Terra CEO, Daniel Shin. Terra is a price-stable cryptocurrency designed for mass adoption. Dan and his team are building financial infrastructure for the next generation of decentralized applications. More specifically, Terra is a protocol of money that ensures price-stability by algorithmically expanding and contracting supply. Terra's Stability Reserve makes a decentralized guarantee of solvency, protecting it from the speculative and regulatory risks that other currencies are exposed to.Terra is backed by Luna, a decentralized asset that derives its value from transaction fees collected on the Terra network. Much like the moon stabilizes the earth’s rotation, Luna is Terra's eternal guardian of stability. Cryptocurrencies have the potential to transform the financial landscape. Yet, price volatility remains a major barrier for mass adoption. Terra may well be a solution, as it is a decentralized stablecoin set to become a new global currency. Links: general@terra.money & https://terra.money ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ►Join The BCB Tele https://t.me/BlockchainBradCommunity ► Follow on twitter: https://twitter.com/Brad_Laurie ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Timestamps: 06 Intro 0:51 What is Terra? 2:06 Why stablecoins are important 3:12 Seigniorage 5:20 Why a country would use Terra 6:47 How does Terra compare to XLM? 7:51 What is the tech progress? 8:20 The three different components of Terra 8:48 When Terra will go live / Blochain Tech (Tendermint) 9:50 Terra Economy 10:30 How Luna works (mining) 11:20 Enterprise fit 12:05 Security 13:27 Utility of Luna / Terra 18:35 Terra Alliance ($30B transactions / year) 20:00 Mission for Terra 20:20 Legal compliance 25:02 Exchange listing strategy 26:10 Partnerships 28:00 The Raise 29:10 Exchange investors 31:05 Tomochain, Clayton, Ontology partnerships 35:05 ICO / IEO? 35:15 How will Terra be used? 36:50 Terra (TRA) is a stablecoin! 38:45 Is Terra the new BTC? 41:15 Terra ATMs? 44:35 Luna tokenomics 45:30 Summary ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Interviewee: Daniel Shin Dan is the founder and former CEO of TicketMonster, Korea's leading e-commerce platform with $3.5 billion in GMV. He is also a co-founder and board member of Fast Track Asia, a company-builder that established and sold multiple businesses including Fast Five (office sharing platform) and FoodFly (food delivery, acquired by Yogiyo). Dan is one of the best known entrepreneurs and investors in East Asia, with extensive expertise and deep networks in e-commerce. He has a BS in Economics from Wharton Undergrad. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● INVESTMENT DISCLOSURE: I have not invested in this project, but may in the future. This is not Financial Advice. #DYOR always. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● PAYMENT/DONATION DISCLOSURE: This was 100% free and I received no financial compensation from the Terra Team for doing this video; not in fiat, tokens or any form on payment. Since several months ago, I decided to do only free content unless legitimate ambassadorships were involved. I believe that sponsored content is not a problem if disclosed, but this was NOT sponsored and there was absolutely no compensation received in any way, shape or form for this interview that I receive. For additional disclosure, I want to let you know that I have not yet invested in this project. This is not Financial Advice. Please #DYOR ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● GENERAL DISCLAIMER: The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensures freedom from losses. BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner. #terra #blockchainbrad #BCB #stablecoin #terralaunch #DanShin #TerraNetwork
Blockchain Brad

Tendermint closes a $9M investment round

Software development company Tendermint has raised $9 million in funding, the company has announced in a Medium post. The Series A investment round was led by Paradigm, a crypto investment company, and other investors also included companies such as Bain Capital and 1confirmation. The closing of the round coincides with the launch of Cosmos Hub. With Cosmos Hub live, there are a number of blockchain projects which use Tendermint Core technology that are in the works, planning to connect to the Cosmos Hub. According to Jae Kwon, CEO of Tendermint and Contributor of Cosmos, blockchain technology has been hindered by limitations like scalability problems and a lack of usability. He believes, however, that Cosmos aims to provide solutions to these issues and can potentially “overcome these limitations,” leading to the creation of an Internet of Blockchains. "The launch of the Cosmos Network is the first major milestone in the development of this network and represents the culmination of 40 years of computer science research, with a Byzantine Fault Tolerant (BFT) Proof of Stake (PoS) consensus mechanism being deployed live for the first time," said Kwon. "Now we’re encouraging developers to develop applications that take full advantage of the promises of this powerful ecosystem.” Tendermint is going to use some of the funds for the continued development of the Cosmos Network. It is also planning to take on more staff and develop a sustainable business model.
The Block Crypto

Public Blockchain Company Tendermint Inc. Secures $9 Million in Series A Round

Tendermint, a respected public blockchain development company, announced the successful completion of their series A round. Paradigm, a crypto asset investment company, led the $9 million round with support from prominent co-investors including Bain Capital and 1Confirmation. Tendermint Inc secures $9M in Series A funding led by Paradigm. We're extremely excited to work with @paradigm, @matthuang & @_charlienoyes, @1confirmation, @NTmoney, @BainCapVC to scale our team, our business model, and ecosystem development of @cosmos.https://t.co/HKf9BbgZ8V — Tendermint (@tendermint_team) March 14, 2019 Tendermint Inc. is a California-based software company that specializes in engineering public blockchains, like Cosmos Network. Much of the software the company develops is open-source and available for others to build on top of, and some well-known companies in crypto, including Binance and Terra, have. Investors Share Tendermint’s Excitement and Optimism Tendermint was not alone in the excitement. Statements from investors show that they are optimistic about their investments. In reaction to the announcement, Charlie Noyes of Paradigm said that the team at Cosmos “have spent years quietly willing their vision for an ecosystem of interoperable blockchains into existence.” He added that he is eagerly awaiting the upcoming applications the team is working on. According to the announcement by Tendermint, Salil Deshpande, managing director at Bain Capital, also shared some positive words: “We envision a future where multiple blockchains serve specific use-cases — store of value, privacy, general purpose smart contract platforms, and many others. In this future, interoperability solutions provide crucial alchemy that could lead to an explosion of blockchain applications, as well as boosting usage on existing chains. With a strong technical team, flexible architecture and being first-to-market, Cosmos stands to become the de facto interoperability system for blockchains.” Similarly, Nick Tomaino of 1Confirmation believes that Tendermint’s ethos of open-source development aligns with that of the broader blockchain community—another seemingly positive point for investment. Progress Made by Tendermint One reason for investors’ optimism is the progress made by Tendermint Inc. over the years. Within five years of the launch of Tendermint Core and the Cosmos ecosystem, a plethora of blockchain projects have built their applications on both platforms. Among these projects are Binance Dex, a decentralized exchange Binance built by forking the Cosmos Software Development Kit (SDK) and Tendermint Core; the Thai National ID project for Thai citizens; and Terra, a South Korean stablecoin project. Other projects include e-money, a stablecoin provider, Sentinel, an interoperable network layer for distributed resources, and the Playlist project, which seeks to tokenize music. A look at the projects listed above and other demonstrable work by the Tendermint team explains why investors are optimistic about the company. Jae Kwon, CEO of Tendermint Inc., promised more when he mentioned that the Cosmos Network is his organization’s first step towards providing solutions to problems in the blockchain industry such as low adoption, scalability problems, governance issues, and environmental challenges. In the press release by the organization, the CEO added: “The vision of Cosmos is to overcome these limitations and break down barriers to innovation, ultimately creating an Internet of Blockchains: a decentralized network of independent, scalable, and interoperable blockchains.” The funds raised by Tendermint Inc. may help their vision become a reality. The post Public Blockchain Company Tendermint Inc. Secures $9 Million in Series A Round appeared first on CryptoSlate.
Cryptoslate

Cosmos Mainnet Officially Launched – What’s All the Hype About?

Underscoring the fact that blockchain development takes time, after five years of work, Cosmos launched its mainnet yesterday. This leads to an important question–what is Cosmos anyway? What Is Cosmos? A project developed under the premise that there should be as many blockchains as there are internet applications. The focus is on delivering the industry a network of interoperable blockchains that are independent and scalable. Through this, Cosmos claims to solve the “hardest blockchain problems.” The team believes that blockchains should no longer be “siloed” or unable to communicate with each other. Their network does away with this issue and provides the foundation of the new token economy. How? 5 Years in the Making Cosmos was conceived in 2014 when Jae Kwon noted that the: Safety-favoring nature of classical Byzantine Fault Tolerant (BFT) consensus algorithms would allow us to use Proof of Stake (PoS) for Sybil resistance in a public blockchain context without the need for external sources of pseudorandomness. He was then joined one year later by Ethan Buchman. They set about their quest to prove that a secure public blockchain could use the BFT system running on Proof of Stake. And to do this, they created the Cosmos Hub, which officially launched yesterday. The goal is to provide infrastructure and a developer hub that’s robust, and scalable–without using Proof of Work: The vision is to enable communication and connectivity among thousands of cryptocurrency systems, allowing the network to scale without utilizing Proof-of-Work. The duo developed Tendermint Core as a BFT consensus engine to provide the first layer for any PoS blockchain to build on. To become as developer-friendly and accessible as possible, Cosmos claims to have lowered the barrier to entry for developing DApps by creating Cosmos SDK. According to the team, Cosmos SDK is rather like Ruby on Rails or Django for blockchain. It’s supposedly easy to use and allows programmers to customize their DApps for their business. A Few Facts That Give Cosmos Credibility The Cosmos Hub blockchain marks the first public BFT blockchain using PoS–that’s an industry record. It’s also backed by some big names, including investors such as Paradigm, and Bain Capital. The Swiss Interchain Foundation (ICF) is also collaborating on R&D with the project. Why Cosmos Could Be Just Another Sh*tcoin Cosmos assures in its blog post that its project is quickly expanding. But there isn’t any evidence of that just yet. The project took five years to come to life and it will be some time more before its lofty claims can be validated, particularly in the real world. Moreover, until the handful of validators on its testnets and 80 or so developers that “have indicated they are building” applications with Cosmos SDK have begun providing feedback, it may be too early for Cosmos to announce the completion of its vision as the “Internet of Blockchains” just yet. Do you think Cosmos can live up to its promise? Share your thoughts below! Images courtesy of Shutterstock The post Cosmos Mainnet Officially Launched – What’s All the Hype About? appeared first on Bitcoinist.com.
Bitcoinist

Cosmos, the Internet of blockchains

A historical overview of Cosmos Jae Kwon was a programmer contributing to open-source projects when in 2013 he decided he wanted to explore blockchain and proof-of-stake systems. Kwon happened to stumble upon a 1988 academic paper written by two MIT professors called “Consensus in the Presence of Partial Synchrony” which described the concept of synchronism for distributed systems. Inspired by this paper, Kwon started working on a protocol that provides a consensus solution to blockchains without the need for Proof-of-Work. Kwon dubbed this protocol TenderMint (the “M” was made lowercase soon after) and published a whitepaper in 2014 detailing how it worked. Join Genesis now and continue reading, Cosmos, the Internet of blockchains!
The Block Crypto

A popular social music streaming app picks Cosmos to build a hybrid decentralized ecosystem

Music streaming, an industry projected to generate $30 billion in revenue by 2030, is coming to Cosmos — a new "internet" of blockchains. Playlist, a social music streaming application, is building the first large-scale hybrid dApp that aims to leverage Cosmos to extend engagement across its music ecosystem. According to its website, Playlist offers streaming access to 45 million songs without a subscription and counts more than 400,000 downloads on iOS. The app has raised $5 million according to Playlist, and count Eric Meltzer of Primitive, Amino Capital advised by Zaki Manian, head of Tendermint Labs, and most recently Spencer Noon of DTC Capital as inventors. “We’re excited to be investors and future validators in Playlist’s decentralized music ecosystem. The team has designed a compelling token economy that unlocks value for rights-holders and fans without sacrificing any part of the user experience in the Playlist app," said Noon. "It’s a cool model because it’s an application that will look and feel like a regular app, but in the background leverage Cosmos. It’s a formula for mass adoption." In a conversation with The Block, DTC Capital said it believes the token model in place is cutting edge, with Playlist now looking for strategic stakers, or participants with generalized mining experience. Playlist also plans to offer a private strategic sale for stakers in anticipation of launching its network on Cosmos. "Cosmos' design is an interesting one. When you deploy a smart contract to a general purpose blockchain there are things you can't customize. Cosmos flips that on its head with dapp-specific blockchains, although it does come with the downside that you have to find your own validators. I think the future will probably feature both models depending on the needs of dapps, so Cosmos' launch for me is a pretty epic moment for crypto," Noon said. Playlist Founders Karen Katz and Steve Petersen are Stanford engineers and serial entrepreneurs with 2 IPOs, a $300 million exit, 36 patents, and over 10 years experience each in digital music. The two are excited to work with Cosmos to further user engagement between artists and fans. In a press release sent to The Block, Playlist CEO Katz said “Cosmos’ scalable platform and SDK are accelerating our extension onto the blockchain. Given Playlist is generating 10X the user engagement of other streaming services, we require very high transactions per second. Cosmos is clearly the best technology for enabling the next generation of transactions within our growing community of artists, curators, influencers and fans.”
The Block Crypto
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Bitfinex goes insolvent around the time of the April bubble, coincidence? No.

This is Willybot all over again. CryptoTrading claims 850mil is "seized" by officials. Bitfinex/Tether co obtain a 900mil line of credit with a 6.5% interest rate. Markets see unprecedented buying action, with Bitfinex as the leading exchange, leading to the 20k USD bubble. You can't tell me that the timing of this is all coincidence. This is the exact same thing that happened with MtGox and it's market manipulation effort to pay back its losses. On March 29, after further discussions, the representatives disclosed in a letter to the AG that the credit line had been closed and “during November 2018, Tether transferred $625 million held in its account at Deltec to Bitfinex’s account at Deltec. Ergo, Tether is not currently backed by a reserve (unless they have access to another credit line we aren't aware of, seems unlikely though). In other words a portion of this market is currently propped up by money that does not exist. So people can stop saying that this news "shouldn't impact Bitcoin", because it clearly should and will.
/r/BitcoinMarkets

XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate

The cryptocurrency market saw a roller-coaster ride over the past couple of months, and that was reflected in the prices and market caps of top cryptocurrencies. XRP, the third largest cryptocurrency, was stuck in the bear trap with no room for any bullish movement, while Stellar Lumens [XLM], which performed well at the start of the bull run, shared a similar fate to that of XRP. XRP 1 day Source: TradingView The one-day chart for XRP showed a downtrend that pulled the price from $0.517 to $0.371, while the long term support held at $0.291. The Bollinger bands moved parallelly due to the continuous sideways movement of the market. The Chaikin Money Flow indicator was below the zero line, as the capital leaving the market was much more than the capital coming into the market. The Awesome Oscillator recorded low amplitudes due to the lack of market momentum in the XRP ecosystem. XLM 1 day Source: TradingView XLM’s one day graph saw a drop in price from $0,278 to $0.138, while the long term support was at $0.074. The Parabolic SAR was above the price candles which signified that the cryptocurrency was going through a bearish atmosphere. The Relative Strength Index was closer to the oversold zone, a sign of the selling pressure being more than the buying pressure. The MACD indicator underwent a bearish crossover that caused the signal line and the MACD line to converge below. The MACD histogram was a mix of bearish and bullish signals. Conclusion The above-mentioned indicators clearly indicated that the cryptocurrency market was still in a bearish trudge and that there was no bull run in sight. This was evidenced by the significant drop in market momentum. The post XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate appeared first on AMBCrypto.
AMBCrypto

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25. Attorney General Letitia James revealed that her office obtained […] Cet article Bitfinex Allegedly Covers $850 Million Loss With Tether Funds est apparu en premier sur Bitcoin Central.
Bitcoin Central
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