n Can Blockchain fix the Social Media Landscapen
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$175 Billion Ethereum, Bitcoin Prices Lead Crypto Market Rally
&8230nThe post 5 Billion Ethereum, Bitcoin Prices Lead Crypto Market Rally appeared first on CryptoCoinsNews.n
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Snovio Brings Blockchain to Implement an Innovative Approach to Lead Generation and Sourcing
Snovio, a lead generation and sourcing platform, announces its Token Sale starting 3 October 2017 to raise million to make a pivot towards the innovation the lead generation market needs. Snovio Minimum Viable Product Snovio released the platform’s beta version in April 2017. Since that time, Snovio has built the database of 400,000 unique B2B leads and extended the service functionality with the following features: Email Verifier that checks email addresses to ensure that the email list is valid and bounce-free. LinkedIn Email Search used to find and save emails and more valuable data of LinkedInners. Domain Search and
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Rock Band Kiss Lead Singer Gene Simmons Says He is Bitcoin Fan
n Israeli-American musician, singer, record producer, songwriter, and entrepreneur said that he considers the virtual currency mainly as an investment that is ideal to his wider portfolio.n
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Bitcoin Price Analysis: Crucial Tests of Historic Support Could Lead to Further Pullbacks
This week’s BTC-USD price recap:
Following a 0 drop, BTC-USD managed to find a bottom around 00 before entering into a 4-day long consolidation pattern. During the consolidation pattern, the price climbed 0 on decreasing volume before ultimately dropping back to 00. So, where does this leave us and what can we expect in the coming days in the BTC-USD markets?
Figure 1: BTC-USD, 1-Hour Candles, GDAX, Bear Retracement Values
A common continuation pattern during bear markets is a step-by-step series of tests along the Fibonacci Retracement set. One by one, the Fibonacci values are tested before the retracement ultimately tops out around 61%. During the climb to 61%, a bearish continuation is supported by a decreasing volume trend. In the figure above, we can see the BTC-USD market managed to retrace up to the 61% values before dropping to the 0% retracement values in the 00s. The drop to test the 00s was sudden and violent: It took place over a few short hours, and the volume propelling the drop was massive.
Figure 2: BTC-USD, 6-Hour Candles, GDAX, Macro Bear Flag
Prior to the breakout, the BTC-USD market spent a week forming a bearish continuation pattern called a Bear Flag (the details regarding a Bear Flag was discussed earlier in this week’s ETH-USD article). The price target of this Bear Flag is an approximate 0 move and is projected to touch the 00s. However, our current price level is sitting right on top of historic support along the macro trend’s 23% Fibonacci Retracement values:
Figure 3: BTC-USD, 6-Hour Candles, GDAX, Macro Trend Fibonacci Values
Our current price level is sitting on an historically significant support level so whether or not we manage to break this support remains to be seen. When trading this pattern, it is important to confirm the movement with volume. When testing historic support or resistance values, it is common to see multiple tests before ultimately breaking through. To date, this represents our third attempt to break this support and it is currently testing it on a volume that is peaking on the 6-hour candle’s volume trend.
Summary:
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Following a 0 drop to 00, BTC-USD managed to climb 0 before ultimately retesting the 00 support.
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On the macro bear trend, BTC-USD broke out of a multi-day long Bear Flag. This Bear Flag has a price target of approximately 00.
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BTC-USD is currently testing the macro 23% Fibonacci Retracement. This support has strong historic significance and will need to be broken in order for the Bear Flag’s price target to be realized.
Trading and investing in digital assets like bitcoin, bitcoin cash and ether is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Media related sites do not necessarily reflect the opinion of BTC Media and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.
The post Bitcoin Price Analysis: Crucial Tests of Historic Support Could Lead to Further Pullbacks appeared first on Bitcoin Magazine.
Bitcoin Price Analysis Crucial Tests of Historic Support Could Lead to Further Pullbacks
This weeks BTC-USD price recapFollowing a 0 drop, BTC-USD managed to find a bottom around 00 before entering into a 4-day long consolidation pattern. During the consolidation pattern, the price climbed 0 on decreasing volume before ultimately dropping back to 00. So, where does this leave us and what can we expect in the coming days in the BTC-USD marketsFigure 1 BTC-USD, 1-Hour Candles, GDAX, Bear Retracement ValuesA common continuation pattern during bear markets is a step-by-st
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Ether Price Analysis China’s ICO Ban May Lead to Further Pull-backs
After Labor Day weekend, many ETH-USD traders were surprised to find a 30 market drop over the course of 3 days. After an initial drop to the 0s, the ETH-USD market suffered another blow as China announced it will be banning ICOs and conducting rigorous investigations into several of the newer coins such as NEO and OMG. This announcement from the Chinese government prompted several large Chinese exchanges to begin delisting coins under investigation. After all was said and done, the drop t
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One Week Into SegWit, Hardware Wallets Lead the Pack in Slow-But-Sure Roll Out
After a years-long development process and even more debate and political struggle, Segregated Witness finally activated on the Bitcoin network last week. The protocol upgrade introduced a number of benefits which can enable more advanced second-layer protocols. It also offers a block size limit increase for wallets that utilize the new feature, meaning users can enjoy lower fees and faster confirmation times.
One week in, Segregated Witness has been implemented in several wallets, though overall adoption is off to a bit of a slow start. While many wallets and services indicated prior to the activation that they would be ready for the upgrade, many are taking a bit of a conservative approach when it comes to main-net release, while others have since faced unrelated difficulties that demanded their attention.
So far, hardware wallets are among the first to have jumped on the new opportunity. Both Trezor and Ledger have fully implemented and enabled Segregated Witness. This is not very surprising: Hardware wallets stand to benefit from SegWit more than most wallets, as it helps to significantly speedup the signing process.
“But we mostly implemented Segregated Witness to help the network first,” Ledger CTO Nicolas Bacca told Bitcoin Magazine. “The more Segregated Witness transactions are used, the more space there is for everybody. In a way we’re also doing our part to disarm the 2x part of the SegWit2x hard fork.”
Another hardware wallet provider, Digital Bitbox, also implemented Segregated Witness in its firmware, cofounder and Bitcoin Core contributor Jonas Schnelli told Bitcoin Magazine, but it still requires a compatible desktop app to utilize the feature. This is a work in progress.
Full node wallets like Bitcoin Core are also in the process of implementing Segregated Witness. But Bitcoin Core developers decided to not include the feature straight away in order to avoid edge-case attacks that become harder to execute as time passes. Bitcoin Core will instead release a new version of the software, 0.15.1; this could take another month or two before it’s available.
As for regular wallets, it seems that Blockstream‘s GreenAddress could well be the first to offer the feature.
“It’s days away,” GreenAddress developer Lawrence Nahum told Bitcoin Magazine. “We were ready a while back; however, during testing we found that fees were a bit higher in one of our wallets. That’s because some software libraries available now weren’t available when we implemented SegWit. At this point it’s mostly a matter of more testing.”
Most other wallets are also in various stages of implementing the feature, but for various reasons haven’t gotten to the point of release quite yet. In some cases, like BitGo and BTC.com, this had to do with the prioritization of integrating Bitcoin Cash into their service; the new cryptocurrency launched unexpectedly only a couple of weeks ago. Similarly, Mycelium told Bitcoin Magazine it has been implementing new features which diverted some time and attention away from SegWit.
Other popular wallets, including Bitcoin Wallet (also known as Schildbach’s Bitcoin Wallet), Breadwallet, Electrum, mSIGNA, as well as webwallet Xapo confirmed that they are implementing SegWit, and all told Bitcoin Magazine that they expect this should be available soon – though none gave a specific timeframe for it.
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