GG World Lottery – one of the most promising STO projects, has some good news for its investors. Provoked by the trust put into the project and its significant milestone achievements, the team has prolonged the fundraising period with 31 more days.
What Happened so Far?
GG World Lottery started its path with a mission to disrupt an industry which is in a desperate need of improvement. During the few short months of its security token offering (STO), the project has managed to raise over $6 million and it had achieved landmark milestones, part of its ambitious future plans.
One of the most important things that took part throughout the last few weeks was the acquisition of the Gaming Laboratories International (GLI) certification.
GLI is one of the most reputed venues in the field and it is accredited through ISO 17065:2012 and ISO 17025:2005. It works on behalf of gaming authorities and its job is to verify technical compliance. Its splendid work on the matter gained the trust of over 475 jurisdictions throughout the entire world. Obtaining a GLI certification means that the games offered on the certified platform are entirely safe and secure for both the operator and its players.
The certification verifies the reliability of GG World Lottery’s True Random Number Generator and the blockchain layer. The former guarantees that the draws take place as per the quantum physics principles of true randomness in the world, while the second guarantees their verifiability, transparency, and authenticity.
That’s Not All
One of the most serious value propositions of GG World lies within its ambitious marketing plan to launch government-backed lotteries in one of the most rapidly developing markets in the world – Africa.
Significant achievements were made in this regard as well. GG World is on the verge of launching the first national lottery in Zambia – Lotto Zambia.
An Expression of Gratitude
In an attempt to express its gratitude towards all the investors who put their trust into the project, the team has decided to effectively increase the quarterly dividends from 0.1 percent to 1 percent.
This is also because recently there were signed contracts with last-minute investors. This is just the team’s way to say thank you to anyone who took part in the STO and for the trust that they’ve put into it.
Moreover, the good news keeps on piling. The team has managed to attract a number of last-minute institutional investors who’ve also decided to participate after seeing a closed event presentation of the system behind Lotto Zambia.
This is the reason for which GG World has extended the term of the STO with one more month, meaning that you can still participate in it from March 1st until March 31st in the last 31 days of its sale.
If you want to learn more about the project, you can take a look at the project’s official website.
Additionally, you can also subscribe to the project’s Twitter and Facebook page in order to receive timely updates on the progress.
What do you think of GG World’s STO? Don’t hesitate to let us know in the comments below!
The post Good News From GG World and Significant Developments Underway appeared first on Live Bitcoin News.
Month: February 2019
New Trading App BuySellHODL Launches Proprietory Price Targets and Crypto Ratings Feature
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New Trading App BuySellHODL Launches Proprietory Price Targets and Crypto Ratings Feature
As cryptocurrency trading apps and price targets are not often based on data and users’ feedbacks, they are usually considered as unreliable for both traders and general market. While the use of cryptocurrencies and their trading increase, it is becoming harder and harder to overestimate the importance of making trading algorithms able to cater the enormous amount of information flooding the trading community.
That is where the new revolutionary trading app BuySellHODL enters the game. The app has recently developed and successfully launched its first-of-its-kind price target features and crypto ratings that are based on a proprietary approach. These price targets and crypto ratings on an entirely quantitative approach can be easily used by both beginners and experts, who look to get into the trading business.
The app currently gives a 12-month price target of $6,662.29. The ratings distribution breaks down the number as follows: 60% Buy, 22% HODL, and 19% Sell. This figure is not decided by trickery on a trial-and-error basis like other apps – it involves a complex process with regular feedback from top and middle investors. For now, only Bitcoin is available for BuySellHODL analysis and its unique features.
The app is designed to regularly provide users’ feedbacks for the future of digital assets. This information is then used to update the app’s price targets and other statistics on an hourly basis for the benefit of the users.
The company is soon planning to launch ratings for the following cryptos: Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), EOS, Zcash (ZEC), TRON (TRX), Binance Coin (BNB), Stellar (XLM), and Ethereum Classic (ETC).
According to the founder of the company Clifford Lerner:
“There is a severe lack of compelling data and real-time analysis on cryptocurrencies. Our app addresses these shortcomings head-on, by providing the first of its kind crypto-currency content. By querying our community of users, we’re able to create fresh, real-time, and unbiased cryptocurrency ratings and price target data, while eliminating the inherent shortcomings and biases of qualitative ratings data that give little insights into the trends.”
The revolutionary app provides its users with a range of innovative features: Real-Time-Data, which allows for updating price targets every minute and ratings on a daily basis; Quantitative Information, which represents itself a proprietary formula for generating ratings and targets; Sentiment Analysis, which facilitates the monitoring of Bitcoin trends and critical shifts in community opinion; and finally, Universal Availability, which provides access to crypto ratings on the website as well as on the company’s Android and IOS apps.
The app requires each user to maintain a crypto bio. The bio contains several inquiries relating to the cryptocurrency market and predictions for the coins that are being analyzed by the app. This extremely important feedback is used to update the price targets and crypto ratings features.
Specifically, the Bitcoin price target formula incorporates several factors. They are: the distribution of the Bitcoin Buy, Sell, and HODL ratings; the distribution of all cryptocurrency ratings; and the Bitcoin price prediction survey data. While the app takes feedback from all users, more expert traders will soon be consulted for an Experts Section with price predictions and other data from some of the leading crypto traders in the world.
The crypto mood differs geographically, and thus BuySellHODL is going to use the geographical locations to try and create area-specific trading data from popular crypto destinations. They include USA, Japan, Brazil, United Kingdom, Switzerland, Australia, Canada, China, Argentina, Estonia, and Hong Kong, Taiwan, Singapore, South Korea, and Indonesia.
New Trading App BuySellHODL Launches Proprietory Price Targets and Crypto Ratings Feature
Putin Puts Pressure on the Government to Speed Up Cryptocurrency Regulations
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Putin Puts Pressure on the Government to Speed Up Cryptocurrency Regulations
Russia is probably one of the hardest countries to discuss in terms of cryptocurrencies. A clear relationship between the federation and the currency has yet to be understood as there have been several back-and-forths in the past couple of years.
Vladimir Puting, the country’s leader, has now put forward a new deadline for the government to come up with a tangible regulatory framework for the digital currencies. The report comes directly from the Russian President’s official website. Which states the deadline to be for July 1st.
Judging by the fact that the government has only 1 month to come up with a regulation, it will require several institutions to take part in it. Which means, that both the Council of the Federation of Russia and the Federal Assembly need to cooperate in order to fit into the timeline.
Putin Actually Likes Cryptos
It is no secret that in the past the Russian President had many things to say about cryptocurrencies, both in front and away from cameras. The most notable event was when he had a behind-closed-doors meeting with Vitalik Buterin, the creator of Ethereum.
According to Russian media outlets, the regulations will simplify the registration and circulation of digital currencies in Russia and support the country to accumulate as much as possible in the future, in order to re-invest it in the economy.
The digital economy of Russia has already become an extremely sensitive subject, something that politicians have been disputing. One side believes that a complete implementation of the Digital Economy will help to track all of the transactions and prevent any threats to the country, while others believe that the country is not ready to disregard Cash quite yet.
Disagreements Over the Regulations
Regarding the fact that regulation of cryptocurrencies will officially classify them as a legitimate means of payment in the Russian Federation, some politicians voiced their disagreements. Mentioning the fact that the usage of the asset is quite limited within the borders and formally acknowledging them would bring in nothing more than anonymous transactions, something that the Russian government doesn’t want to handle in the long run.
This could be understood as information came out about Japan struggling with crime and money-laundering related crypto transactions. The amount has grown significantly since 2017 and Russia doesn’t want to put on the same boots.
Overall, however, it is hard to say what will happen because of this regulation as there is no clear framework. Regarding the fact that Russia has quite a lot of crypto holders, it could actually prove damaging to the whole sphere if the regulations are too harsh. However, if they are a bit more liberal and allow general payments, then the circulation may increase and overall popularize the coins further.
Putin Puts Pressure on the Government to Speed Up Cryptocurrency Regulations
Monero Price & Technical Analysis: XMR Expecting Large Changes
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Monero Price & Technical Analysis: XMR Expecting Large Changes
Monero is trading at $49.45 on Feb 28, slightly declining, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex.
On H4, the latest ascending trend ended with the MACD divergence and the support breakout. On the midterm, a narrowing channel is being formed, bordered with the support at $44.35 and the resistance at $56.16. The following downmove is likely to head towards the lower boundary.
On H1, the downtrend stage got replaced with a range-trading pattern. The Stochastic is rising, meanwhile, which may mean, the price may currently be correcting, and will then hit the support at $48.20, falling to $44.35. Conversely, the XMR may also hit the upper boundary at $49.92, and, if this is the case, the price is likely to hit the local resistance at $53.60.
Photo: Roboforex / TradingView
Today, on Feb 28, Monero Rings is being released. This is in fact a Monero hard fork designed to resolve a few very important issues, such as the transaction speed, mining performance, and the GUI update. Besides, the devs need to resolve the scalability and data transfer issues.
Currently, the average transaction processing time for Monero is around 20 minutes, which is extremely long. The devs are thus going to make the things simpler by decreasing the amount of data being transferred.
The scalability issue is also very important, as the network is growing, which decreases its bandwidth and, hence, the transaction speed. The GUI, meanwhile, has to be more user friendly; the command prompt is not a good sign for many, especially for beginners.
The hard work will happen at block 1781500. All XMR holders will get new altcoins for free, at 1:2. The new coin is going to have a better privacy level, and will support multi-signature and various wallets. If the hard fork announcement proves true, people will get a brand new modern crypto coin/ Many, however, say the dev’s promises are groundless, but we’ll see who is right in the next 24 hours.
Monero Price & Technical Analysis: XMR Expecting Large Changes
Security Token Offering (STO) Guide: Everything you need to know about STOs
A Security Token Offering (STO) is different than Initial Coin Offerings (ICO), because the tokens issued by both offerings are quite different from one another. Initial Coin Offering issued tokens don’t provide their owners with special rights, benefits and obligations. Initial Coin Offerings issue Digital Currencies or Cryptocurrencies that provide their owners with access to services, platforms, specific networks or specific Blockchains and Distributed Ledgers.
An Initial Coin Offering is the Cryptocurrency equivalent of an Initial Public Offering (IPO). Companies issue an Initial Public Offering so they can go from private to public and to start selling their stocks and equity shares to the public. This way, companies can raise funding without the need of Venture Capitalists and financial institutions like banks. Initial Coin Offerings are an upgraded crowdfunding mechanism that solves many problems, some of them are the token distribution.
“Blockchain Technology can help with the democratization of assets and currencies into assets classes traditionally available only to elite institutional investors by providing investors with the opportunity to invest into a fund via liquid tradable digital tokens.”
On the other hand, Security Token Offerings (STOs) issue actual financial securities called security tokens, that are actually backed by something like assets, revenue or profits. Companies or Firms are the ones that issue these Security Tokens, which offer legal rights like revenue distribution, voting rights or other benefits like royalties.
Security Token Offering and Security Tokens
Security Tokens issued by a Security Token Offering act and perform almost the same as conventional securities. One of the biggest differences is that Security Tokens make fractional ownership stake possible and confirm ownership stake through Blockchain transactions. Security Tokens like Securities are subjected to federal laws and institutional regulations. Institutions regulate Securities and Security tokens to protect investors from fraud and counterfeit.
A Security Token Offering tokenizes Security Tokens and Securities that can be programmed to suit different needs. Most Security Tokens are tokenized on the Blockchain and use smart contracts to act a certain way or to solve certain problems without involving third party regulators.
Example: A loan can be tokenized on the Blockchain to automatically make payments without the use of traditional middleman like financial institutions, regulators or banks.
Security Tokens and Security Token Offering are regulated by the CFTC which is the Commodity Futures Trading Commission. The CFTC is an independent commission and agency of the United States federal government. They view Security Tokens and Cryptocurrencies like Bitcoin as commodities and thus they should be subjected to commodity regulations.
Another Security Token regulator is the IRS or the Internal Revenue Service agency. They define Cryptocurrencies and Security Tokens from a Security Token Offering as property, which should be subjected to taxes. The Securities Exchange Commision or SEC considers most of the Initial Coin Offering issued tokens as securities.
Security Token Offering regulations and laws
Commodity exchanges that provide a spot market for currencies and tokenized assets don’t need to be licensed as regulated entities, but a platform that offers Security Tokens are required to register as a national exchange, apply as a dealer, broker or an Alternative Trading System (ATS).
Firms that are involved or use financial assets like bonds, stocks, financial deposits and similar instruments or assets are required to comply with the Bank Secrecy Act, the USA Patriot Act and consumer protection laws. The Digitalization and Tokenization of private and public assets and shares will provide more opportunities than we can currently grasp. In the future, assets like real estate ownership will be tokenized, providing many benefits to the regular investors.
A Security Token Offering can issue Security Tokens under a couple of regulation standards. They are the Regulation A+, Regulation S, Regulation D and Regulation Crowdfunding. They tend to be cheaper, simpler and faster than executing an Initial Public Offering (IPO).
Tokens that are classified as securities usually provide investors with options of generating profits, dividends and voting rights, the same as ownership stake shares of publicly traded stocks.
Benefits of Security Tokens
Security tokens are mostly cost effective. Unlike other financial asset offerings, a Security Token Offering comes with very little administrative costs of buying and selling of assets. The cost efficiency allows people to generate substantial returns on their investments.
Security Tokens have a high liquidity most of the time and they are easier to trade globally. The easy access to international investors brings a lot of benefits for investors and the asset itself. The increased adoption of Digital Assets will peak in the following years as most conservative investors will open up to the possibility of making profits with Digital Assets.
Selling and buying Security Tokens is fast and easy, because of the automated Anti-Money Laundering (AML) checks and the Know your Customer (KYC) procedures. This in turn boosts the liquidity of Security Token Offering assets. These assets are also able to be traded at any time of the day, making them one of the few assets that can be traded 24/7.
If a company wants to issue a Security Token Offering, it will first need to register with the Securities Exchange Commission. The problem is that it is an expensive and complex process. It is time consuming, so in order to bypass this complex process, companies can use the JOBS act of 2012. The JOBS act wasn’t made for Security Token Offering, but it fits the needs of STO issuers.
Read more:
Initial Coin Offering (ICO) Guide: What is an Initial Coin Offering and everything you need to know
Top Initial Coin Offerings of 2018: ICOs that beat the Crypto bear market
Why are Initial Exchange Offerings (IEO) less popular than Initial Coin Offerings (ICO)
Coinbase Pro adds support for Ripple and the XRP token
The post Security Token Offering (STO) Guide: Everything you need to know about STOs appeared first on CoinStaker | Bitcoin News.
Decentraland Partnership with HTC Resulted in a 60% Price Increase
It’s become evident in modern finance that strategic partnerships can be incredibly successful. The high-profile partnership with HTC, resulted in Decentraland (MANA)’s price surge of 60%.
We're excited to announce our new partnership with HTC! We'll be working with HTC to bring the Decentraland ecosystem to the Exodus 1, HTC's blockchain enabled phone, complete with an integrated hardware wallet. Read more on our blog at: https://t.co/a5g8FhEhry pic.twitter.com/JE6vijVSBC
— Decentraland (@decentraland) February 26, 2019
The VR-focused digital asset’s price rose from $0.0363 to $0.0581 against the USD in a matter of minutes. This development occurred shortly after the partnership between the Taiwan-based phone manufacturer and the digital asset became official.
This large price increase comes less than 24 hours after Enjin coin recorded a 200% increase against Bitcoin. This monumental rise was accredited to the listing of the asset on the Samsung Blockchain Wallet. Enjin coin is a crypto asset on the gaming blockchain network named Enjin.
Decentraland making news
On February 26th, the partnership between the HTC Exodus 1 and Decentraland made news. The Exodus 1 is the world’s first blockchain phone and it was launched in the end of 2018. The phone featured a private blockchain vault called the Zion Vault. With this embedded feature, users can securely hold crypto assets.
As Coinstaker reported earlier, there were rumors of the new Galaxy S10 having an integrated crypto private key storage into the new Samsung Blockchain Wallet. This feature was rumored to provide users with a native access to cryptocurrencies.
Both giants are said to have integrated unique crypto assets over major, established cryptocurrencies like EOS, Ripple, Tron, etc. This is mainly attributed to their belief that the potential of blockchain tech far exceeds the realm of payments.
In the official blockchain tutorial of Samsung, the company emphasized on the many uses blockchain can be used for: gaming, e-commerce, insurance, etc.
“With blockchain, every user can store and process data in a decentralized ecosystem which is used in many areas. Those areas include, but are not limited to: secure information distribution, insurance and contract verification, copyrights management, game items storage, digital asset storage and digital asset transactions.”
The team from Decentraland spoke highly about the new partnership:
“Both companies are very commited to redefine the way people manage their identities, privacy, crypto and other digital possesions.”
The Exodus 1 stores private keys directly on its hardware and thus allows users to secure their Decentraland IDs, data and assets. This process entirely removes the middleman. The Decentraland LAND and MANA will both be supported on by the Zion Vault.
Even though, most cryptocurrencies suffered losses between 95% to 99%, Decentraland has most “only” 81% of its all-time high. Bitcoin for instance has lost 80% since its all-time high. This still makes Decentraland one of the top 10 best performing crypto assets during the prolonged bear market.
You can also check out:
Universal Income: The Positives and Negatives from Finland
QuadrigaCX: A Tragedy Worth $150 Million in Cryptocurrencies
Raptor Rocket Engine: SpaceX and the Road to Mars
Tesla is Attacking the Biggest Auto Market in the World – China
The post Decentraland Partnership with HTC Resulted in a 60% Price Increase appeared first on CoinStaker | Bitcoin News.
EOS, Tron, Ethereum: The Top 3 in the New China’s CCID Crypto Rankings Report
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EOS, Tron, Ethereum: The Top 3 in the New China’s CCID Crypto Rankings Report
The bears in the cryptocurrency markets are still marauding wildly causing significant plunges in most major cryptocurrencies’ prices. While most of the digital currencies are trying to recover, China ranks the cryptos differently compared to other world markets. The Center for Information and Industry Development [CCID] published the tenth update of its crypto project ranking on February 26.
This time, 35 projects featured with some interesting things to mention. CCID, under the purview of China’s Ministry of Industry and Information Technology, confirmed that it is 2019’s second update. The only addition from the last evaluation is Tron that now sits on the second position. It is positive news for TRX that has been expanding significantly in the crypto market for over a year now.
Currently, EOS takes the first position while Ethereum drops to third. Bitcoin has improved in the rankings taking the 13th position on that list up from 15th. Bitcoin Cash [BCH] also climbed one step from 28th to 27th since the last evaluation.
EOS still rules in this CCID ranking. It garnered a score of 150.5, 4.9 points more than Tron. According to that ranking, EOS outperforms Tron in the “basic-tech” category and “creativity.” On the other hand, Tron performs better in “applicability” than EOS.
The Tron Foundation is striving to enhance the BitTorrent Network. In that context, they have released the BitTorrent Token (BTT). According to that publication, the CCID described Tron as:
“A low-level public chain with high throughput, high expansion, and high reliability. It is compatible with the Ethereum smart contract.”
CCID also stated that Tron has over 200 Dapps and its chain transactions are more active currently. Furthermore, the center said that the current evaluation took into account three primary indicators. These indicators include applicability, basic technology, and creativity. But, the weight of the creativity indicator has increased considerably for the current evaluation.
Tron’s long-term strategy may also have propelled it high up to the second position in the rankings. As we said earlier, Tron has created 990 billion BTT Tokens on its blockchain network. 10.1% of the BTT tokens are assigned for airdrops to the current TRX holders over the next six years.
Furthermore, the monthly airdrop will continue growing bigger with every passing year. That looks like an excellent rewarding tactic from Tron for its long-term investors.
The latest rankings put Ethereum at the third position. That shows that the three first spots are currently occupied exclusively by unique blockchain networks. These networks let interested developers run decentralized applications (dApps) or create smart contracts. Tron appeared for the first time and surpassed Ethereum in the ranking. However, Ethereum exceeds Tron and EOS in “applicability” and “creativity.”
The Dismal Performers
Although there are some high-fliers in the CCID list, some major cryptos with regards to market capitalization ranked quite low. Bitcoin, the largest token, could only manage a 13th place. Public blockchain digital currency relies significantly on the decision of third parties to solve the challenge of ranking.
Regarding this, Bitcoin gradually became a less attractive payment tool compared to its competitors whose transactions are confirmed much faster. As we published earlier, China crashed Bitcoin last year in the CCID ranking but BTC seems to be recovering steadily.
Another major crypto that is performing worse than Bitcoin in the rankings is Litecoin (LTC). The fifth largest virtual currency in the market has the lowest score in basic technology sector. With regards to applicability, it ranked at position 34 but it was the best in creativity.
EOS, Tron, Ethereum: The Top 3 in the New China’s CCID Crypto Rankings Report
Fidelity Backs $1.9M Seed Round in Blockchain Analytics Startup Coin Metrics
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Fidelity Backs $1.9M Seed Round in Blockchain Analytics Startup Coin Metrics
As it has become known, a Cambridge-based blockchain analytics startup, Coin Metrics, has managed to close its seed funding round with $1.9 million raised. The round was led by Castle Island Ventures.
The startup also has gained support from a number of other prominent names, including Highland Capital Partners, Dragonfly Capital and Fidelity Investments that recently has expressed its deep interest to the crypto industry.
Coin Metrics has also introduced its first kit of commercial products intended for institutional clients who want to get customized research reports.
What Is Coin Metrics
Coin Metrics was established in 2017 and since that time it has been offering transparent and the most up-to-date network and cryptocurrency market data to various target groups. Financial enterprises, funds, media and research outlets are among its clients.
The main aim of the startup is to help the community better understand the specificity of digital assets, their nature and tendencies of their development which is said to facilitate their usage and ensure further adoption.
In 2017-2018 the project was fully funded via donations and managed to attract several sponsors. Nevertheless, last year the situation changed when Tim Rice, a former Thomson Reuters executive, joined the team as the company’s co-founding CEO. It was a new milestone for Coin Metrics as the startup began to pay more attention to the institutional space and start exploring its opportunities to get deeper involved in this space.
Rice commented the mission of their company the following way:
“All of our investors are bought into the idea that the next phase of cryptoasset investing requires robust comprehensive data and infrastructure. Having this premier group as investors is a great vote of confidence. We are building a world-class data company from the ground up to ensure the type of support and quality that top tier funds and asset managers expect.”
The startup is focused on the reliability of the blockchain data that it provides traders with. The information offered is not limited to exchange activity and prices, it offers a more complex overview and uses a methodology that helps to reduce the noise that can be created in the space.
Growing Demand
The industry’s demand for trustworthy information is continuously growing, that’s why today there are a lot of players in this segment. Nevertheless, Coin Metrics can boast high popularity among the strongest institutional participants.
For example, Dragonfly Capital co-founder Alex Pack stated that they like Coin Metrics for being “crypto natives who have been around for years with a nonprofit, open source model”.
As for Fidelity Investment, at the current moment, it is actively working on launching a digital asset trading and custody service for institutional clients. It is the main factor that explains their high interest in supporting high-quality research for the industry.
Fidelity Backs $1.9M Seed Round in Blockchain Analytics Startup Coin Metrics
Apple Co-Founder Steve Wozniak Lost Respect for Mark Zuckerberg, but Not Bitcoin
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Apple Co-Founder Steve Wozniak Lost Respect for Mark Zuckerberg, but Not Bitcoin
During his recent interview with Bloomberg on Wednesday, February 26, Apple co-founder Steve Wozniak openly praised Bitcoin. Although not a crypto investor himself, he said that Bitcoin provides “massive value creation”.
Steve Wozniak has been a long time supporter and proponent of Bitcoin (BTC). Last year in June 2018, Wozniak stated that he believes that Bitcoin will be the single native currency of the globe. During the recent interview, Bloomberg’s Yousef Gamal El-Din asked if he continues with his stand after “we’ve seen massive value destruction in Bitcoin”. Responding to this, Wozniak said:
“I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation. Psychology will often drive market. I never invested [in Bitcoin] as an investor, I only had Bitcoin to experiment with and find out how to buy and sell things around the world, and find restaurants that accept Bitcoin”.
However, Wozniak admits holding a few Bitcoin for experimenting with new devices and applications. He also noted that once he had a ‘lot of Bitcoins’, which he sold during the 2017 bull run. He said:
“When it went up high, I didn’t want to be one of those people [obsessively] watching the bitcoin price, so I sold out. I don’t know where it is now, but it’s way over what I bought it at.”
Lost Respect for Mark Zuckerberg, Says Woz
Besides Bitcoin, Wozniak spoke on a range of issues like Artificial Intelligence and combating data-breach issues. On the latter issue, Wozniak said that he lost respect for Facebook co-founder Mark Zuckerberg after last year’s Cambridge Analytica scandal. The epic data breach had compromised data from millions of Facebook user accounts. Woz said:
“I lost a lot of respect for Mark Zuckerberg watching him speak and answer questions, and supposedly taking some steps that are nothing, not one nickel or one penny of Facebook’s income- I don’t trust that”.
Just like Facebook, other popular social media platforms like Twitter are also facing similar data-security challenges. But Woz goes to praise Twitter’s Jack Dorsey for efforts to combat it. He says that “I think Jack Dorsey is doing a lot more than Mark Zuckerberg to correct it”. Besides this, Wozniak favored introducing a healthy regulation in the tech space. He said:
“Regulation is good. Regulation says ‘companies will not do bad things,’ or ‘governments will not do bad things’…the United States is way behind Europe on recognizing these data privacy issues.”
Last year, Steve Wozniak joined a blockchain-powered venture capital fund called EQUI Global as its co-founder. EQUI Global is an Ethereum-based fund that is aimed at allowing investors to discover, examine and invest in a wide range of new business opportunities. The investments are to be made with a token called EquiToken. What is more, investors are also able to sell their EquiTokens on external crypto exchanges at any time they wish to do it.
Apple Co-Founder Steve Wozniak Lost Respect for Mark Zuckerberg, but Not Bitcoin
Tron (TRX) Price Likely Staging A Strong Comeback
Tron price declined recently and broke the $0.0255 and $0.0250 support levels against the US Dollar.
TRX spiked below the $0.0240 support, found support at $0.0227, and later bounced back.
There is a short term contracting triangle in place with resistance at $0.0248 on the 4-hours chart (data feed via Bitfinex).
The price could correct higher if there is a break above the $0.0250 resistance level.
TRON price declined recently before buyers emerged above key supports against the US Dollar and Bitcoin. TRX could gain pace once it breaks the $0.0248 and $0.0250 resistance levels.
Tron Price Analysis
Recently, there was a strong rise in TRON price above the $0.0250 and $0.0270 resistances against the US Dollar. The TRX/USD pair even broke the $0.0275 level and formed a high at $0.0279. Later, there was a sharp decline and the price broke the $0.0270 and $0.0255 support levels. Sellers even pushed the price below the $0.0250 support and the 55 simple moving average (4-hours). A low was formed at $0.0227 and later the price started a decent recovery.
It moved above the $0.0240 level and the 23.6% Fibonacci retracement level of the last decline from the $0.0279 high to $0.0227 low. At the moment, the price is trading above the $0.0240 support and forming the next breakout pattern. More importantly, there is a short term contracting triangle in place with resistance at $0.0248 on the 4-hours chart. Above the triangle resistance, the next resistance is near the $0.0252 level and the 55 simple moving average (4-hours). Finally, the 50% Fibonacci retracement level of the last decline from the $0.0279 high to $0.0227 low is at $0.0253.
If the price continues to move higher, it could break the $0.0252 and $0.0253 resistance levels very easily. On the other hand, if there is a downside break below the $0.0240 support, the price may face an increase in selling pressure. In the mentioned bearish scenario, the price could revisit the $0.0220 level. An intermediate support is near the $0.0225 level.
The chart indicates that TRX price is preparing for a solid comeback above the $0.0250 and $0.0252 resistance levels. The key hurdle for buyers is near the $0.0255 level, above which the price may revisit the $0.0270 level. If buyers fail to gain pace above the $0.0250 level, the price may decline back towards $0.0240 and $0.0225.
Technical Indicators
4 hours MACD – The MACD for TRX/USD is currently showing positive signs in the bullish zone.
4 hours RSI – The RSI for TRX/USD is currently above the 42 level and it could break the 50 level.
Key Support Levels – $0.0240 and $0.0220
Key Resistance Levels – $0.0250, $0.0252 and $0.0253.
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