Get 100 DOGE for Free on Crypto Trading Platform Bithoven

CoinSpeaker
Get 100 DOGE for Free on Crypto Trading Platform Bithoven
When it comes to crypto trading, one of the most important issues for traders is to find an appropriate variant that will offer wide opportunities and a high level of security. As today there is a great number of competitors in this sphere, the choice can be rather complicated.
Nevertheless, let us introduce a new reliable crypto trading platform called Bithoven that definitely deserves your attention.
What Is Bithoven
This platform that provides its clients with an opportunity to securely buy and sell crypto was launched less than two months ago, on January 14, 2019. But it has already managed to achieve impressive trading volumes and liquidity according to the high industry’s standards.
One of the main aims of the platform is to ensure comfortable trading conditions for its clients. Bithoven’s customers are able to enjoy a user-friendly interface and numerous useful trading tools and instruments which include an order book, a candlestick chart, a markets overview, and others. An enhanced security level which is extremely important in the current market situation is guaranteed by the full encryption of the platform.
The platform is fully compatible with all devices. It means that you can use the one you like most of all as Bithoven doesn’t impose any restrictions. Moreover, there are no limitations related to the number of withdrawals or deposits per day, users can organize their trading activity just in the way they need and want to do it. It’s also worth mentioning that there are no deposit fees on the platform.
Thanks to the Bithoven’s trade matching engine that is based on innovative algorithms, traders have a chance to get the highest benefits they may have expected as with the help of this technology they will be able to avoid volatility and not to miss the best deals.
On the platform, users can trade a wide range of cryptocurrencies including the major ones such as BTC, ETH, XRP, EOS, LTC and others. The list of offerings was composed by the company’s finance and cryptocurrency professionals who had preliminary analyzed the current demand and the peculiarities of the potential variants.
Reason to Join Bithoven Right Now
Though it is never too late to join a reliable platform and start trading, there is one very significant reason to do it right now. In order to make a start of the crypto journey on Bithoven even more pleasant and exciting, the team has decided to prepare a good bonus for all newcomers.
After registration, all users can get 100 DOGE for free. Nothing special should be done. It is just enough to create an account and to accept the terms of the campaign. As soon as newly-registered users receive 100 DOGE to their accounts, they can start trading and multiplying their funds using all the innovative opportunities offered by Bithoven.
Get 100 DOGE for Free on Crypto Trading Platform Bithoven

Tesla (TSLA) Stock Tanked 8% After Elon Musk Warns About Q1 Profit

CoinSpeaker
Tesla (TSLA) Stock Tanked 8% After Elon Musk Warns About Q1 Profit
Musk said Tesla would not be profitable in the first quarter of 2019 and disclosed that Tesla is closing most of its brick-and-mortar stores.
The outspoken and controversial Musk has often lashed out at short sellers for betting against Tesla, but one analyst said Friday’s selling wasn’t coming from the shorts.
Musk added that he expected Tesla to be profitable in the second quarter.
Musk’s statement marks a reversal from his prior prediction that Tesla would be profitable in every quarter beginning in the third quarter of 2018. During the automaker’s fourth-quarter earnings call, in January, Musk had said he was “optimistic” that Tesla would earn a small profit during the first quarter.
Musk had said on that January call:
“I’m optimistic about being profitable in Q1. Not by a lot, but I’m optimistic about being profitable in Q1 and for all quarters going forward.”
Short Sellers Holding Ground
Financial technology and analytics firm S3 Partners analyst Ihor Dusaniwsky said Tesla investors can’t blame short sellers this time.
Tesla’s outstanding short position is around $8.22 billion, the third largest among all U.S. equities. Despite the huge 7 percent sell-off on Friday morning, Dusaniwsky said the size of Tesla’s short position didn’t change much. He said the relatively modest increase in Tesla short selling on Friday morning was negligible compared to the 14 million in volume that drove the price drop.
Dusaniwsky wrote:
“With short sellers pretty much standing on the sidelines with a Cheshire cat grin on their faces, it is long shareholder selling that is driving Tesla’s stock price down.”
Last month, Tesla said the Model Y will share about 75% of its components with the Model 3, and it expects Model Y production to scale up “significantly faster” than the Model 3. Tesla said that will help keep the Model Y’s price lower compared to rival SUVs.

Model Y, being an SUV, is about 10% bigger than Model 3, so will cost about 10% more & have slightly less range for same battery
— Elon Musk (@elonmusk) March 3, 2019

Morgan Stanley’s Adam Jonas wondered whether Tesla’s focus on lower-cost electric cars could dim its “halo” as a luxury brand. Jonas said:
“Tesla significantly increased its efforts to promote the sale of cheaper cars. While this may stabilize the air-pocket in Q1 sales, we’re concerned it’s a sign of a brand that may be, at the margin, losing its halo of exclusivity. We think the bears have more material to work with than bulls here.”
Other analysts took an even more critical tone, with Barclays referencing The Matrix’s red-pill, blue-pill choice as one that Tesla investors may be facing. In their research note, Barclays wrote:
“Another few ‘blue pill’ bull case points undermined. As we have long argued, the bull case for Tesla often revolves around it being the next Apple, with the Model 3 as the iPhone,” Barclays’ note said. “But today’s announcement of a lower priced $35k Model and closing all stores/galleries undercuts a few of those pillars.”
Now What?
From here, investors will want to watch to see how the availability of lower-cost Tesla vehicles affects the company’s profitability. In addition, management’s decision to close stores and shift sales entirely online is notably unchartered territory for an auto company Tesla’s size. Will demand be sufficient under this new sales approach?
Yet investors are also nervous about some other moves that Musk announced. Tesla will close most of its retail store network in favor of relying solely on online sales, in an effort to find ways to cut back on costs. Even with whatever savings it can gain from those closures, the company now expects that it won’t make a profit in the first quarter, disappointing those who’d relied on previous guidance that pointed toward positive earnings.
SEC’s Accusation of Deal Break Aren’t Helping
Recently Musk’s tweeting habits have triggered another legal challenge from stock market regulators worried about him using his Twitter account to mislead investors.
Now the SEC is alleging that Musk broke the terms of that agreement with a Feb. 19 tweet projecting that Tesla would make about 500,000 cars this year and they asked a federal court in New York to hold Musk in contempt for violating a $40 million settlement he begrudgingly reached with the U.S. stock market’s chief regulatory agency five months ago.
Longer-term, the big question is whether the price cut implies falling demand for Tesla vehicles or simply the company following through on its past customer pledges. The answer will play a big role in determining whether the stock rebounds or keeps falling.
Tesla (TSLA) Stock Tanked 8% After Elon Musk Warns About Q1 Profit

New Evidence Surface: Here’s How Kraken, Bitfinex and Poloniex Involved into QuadrigaCX Case

CoinSpeaker
New Evidence Surface: Here’s How Kraken, Bitfinex and Poloniex Involved into QuadrigaCX Case
Canadian crypto exchange QuadrigaCX is probably one of the most actively discussed crypto exchanges today. After its CEO unexpectedly died in December 2018, the hard times for the platform began. As it was claimed by the exchange’s representatives in January, nobody knew where to find the key to the cold wallets owned by Quadriga. As a result, an impressive amount of $150 million of users’ funds remained frozen.
But it was only the first part of the company’s troubles. In February, it occasionally sent more than 100 Bitcoins to the wallet that it doesn’t have access to. After such a misfortune, Ernst and Young (EY) that was appointed by the court as a monitor, took a decision to take control of the remaining hot wallet funds and to transfer them to its own cold storage.
Moreover, the experts of EY has also taken control of the electronic devices that were used by Gerald Cotton, CEO of QuadrigaCX, with a view to find an opportunity to get access to the customers’ funds, otherwise, the only way to compensate the exchange’s debts is to sell it.
Recently, EY has stated that according to the results of its research, the exchange’s cold wallets have remained empty since April 2018 and the platform hasn’t used it since that time.
Storing of ETH on External Platforms?
But even at this point, all the mysteries about Quadriga haven’t come to an end. Crypto research and consulting platform ZeroNonCense claimed that QuadrigaCX may have kept a large quantity of Ethereum in different crypto exchanges like Kraken, Bitfinex, and Poloniex. ZeroNonCense obtained this information from Jesse Powell who is Kraken CEO and Taylor Monahan, MyCrypto CEO.
According to the report, during its operating, QuadrigaCX has probably sent around 650,000 its Ethereum coins to other cryptocurrency exchanges’ storages. Though ZeroNonCense experts do not guarantee that this information is 100% correct, they highlight that there is a very strong possibility that Quadriga has chosen the three above-mentioned platforms as the most reliable storage options for its funds. The estimated total value of all the digital assets that were transferred by QuadrigaCX to other platforms is around $100 million.
Nevertheless, according to the affidavit of Jennifer Robertson who is Cotton’s widow, she didn’t know where her husband stored the crypto assets. Neither did other representatives of the exchange. That’s why it is highly possible that nobody of them was aware of Cotten’s storage strategy.
But at the same time, Robertson noted that Cotton could also use facilities of other crypto exchanges to store the funds of QuadigaCX. This fact could explained why the exchange didn’t use its cold wallets for quite a long time, as it has been revealed by EY.
ZeroNonCense has also made a conclusion that if QuadrigaCX’s funds are really securely kept on the external platforms, it won’t be a problem to get access to them. But it’s worth mentioning that this news may only boost Canadian banks concerns of the exchange participation in money laundering activities.
New Evidence Surface: Here’s How Kraken, Bitfinex and Poloniex Involved into QuadrigaCX Case

Stellar Lumen (XLM) Price At Risk of Crucial Breakdown

Stellar lumen price is facing a strong resistance near the $0.0900 level against the US Dollar.
XLM price could break the $0.0800 support and decline sharply in the near term.
There is a major bearish trend line in place with resistance at $0.0870 on the 4-hours chart (data feed via Kraken).
If there is a break below $0.0800, the price could test the $0.0740 support area in the near term.

Stellar lumen price was stable as compared to bitcoin and Ethereum against the US Dollar. However, a downside break below the $0.0800 support in XLM could spark heavy bearish moves.
Stellar Lumen Price Analysis (XLM to USD)
There was a strong upward move in stellar lumen price above the $0.0900 resistance in Feb 2019 against the US Dollar. The XLM/USD pair broke many important resistances such as $0.0920 and $0.0950. However, the price failed to clear the $0.0980 and $0.1000 resistance levels. There were two attempts to clear the $0.0980 resistance, but buyers failed. As a result, there was a strong downside reaction and the price declined below the $0.0950 support.
The decline was such that the price settled below the $0.0900 support and the 55 simple moving average (4-hours). Finally, the price broke the $0.0840 support and a low was formed at $0.0807. Recently, the price recovered above $0.0840 and the 23.6% Fibonacci retracement level of the last decline from the $0.0981 high to $0.0807 low. However, the recovery was capped by the $0.0900 resistance area. Besides, the price failed near the 50% Fibonacci retracement level of the last decline from the $0.0981 high to $0.0807 low.
There was a fresh decline below $0.0840 and the 55 simple moving average (4-hours). At the outset, the price is approaching the last swing low at $0.0807. The main support is at $0.0800, below which the price could decline sharply towards the $0.0740 support area. On the upside, an initial resistance is near the $0.0840 level. There is also a major bearish trend line in place with resistance at $0.0870 on the 4-hours chart.

The chart indicates that XLM price is approaching the next crucial break either below $0.0807 or above $0.0870. As long as the price is struggling below $0.0890, there is a risk of a breakdown below $0.0807. The key supports to watch are $0.0800, $0.0780 and $0.0740. The final stop for sellers could be $0.0720.
Technical Indicators
4 hours MACD – The MACD for XLM/USD is currently gaining momentum in the bearish zone.
4 hours RSI – The RSI for XLM/USD is moved down sharply below the 50 level, with a strong bearish angle.
Key Support Levels – $0.0807 and $0.0800
Key Resistance Levels – $0.0840, $0.0860 and $0.0870.
The post Stellar Lumen (XLM) Price At Risk of Crucial Breakdown appeared first on Live Bitcoin News.

Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

CoinSpeaker
Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako
Positive news for Ripple community: a list of crypto trading companies set to support XRP has enlarged, as Coinhako, Singapore-based crypto exchange backed by a prominent angel investor Tim Draper, has announced listing the currency on its platform.
Coinhako has also mentioned the XRP pairings that will act as a new gateway. These pairings are with SGD, IDR, and VND.
About Coinhako
Coinhako is a crypto trading firm established in 2013 by Yusho Liu and Gerry Eng (CEO and CTO respectively) and backed by Tim Draper. The company is supported by numerous famous investors and firms, including Tim Draper’s Draper Associates and DFJ, Terrace Yang’s Yang Ventures and Boost VC.
At the beginning of 2018, Coinhako had trading pairs for Bitcoin (BTC) and Ethereum (ETH). Then they decided to add support for Bitcoin Cash(BCH), Ripple (XRP), Litecoin (LTC), Omisego (OMG), Zilliqa (ZIL), the 0x project (ZRX), Kyber Network (KNC), Status (SNT), Golem (GNT), Basic Attention Token (BAT), Storm (STORM), Binance Coin (BNB) and more.
Yusho Liu, CEO and co-founder of Coinhako, commented:
“Our recent additions to the Coinhako platform not only puts us at the top for variety of cryptocurrency and fiat trade pairings, it also showcases our leading infrastructure and technical expertise of the team. With more cryptocurrency listings and service extensions to other Asian countries in the pipeline, we are certain that Coinhako will play a crucial role in improving access into the blockchain ecosystem in the region.”
In January this year, Coinhako announced it had officially become the world’s first trading platform to offer customers with a total of 100 fiat-crypto pairings.

Coinhako is the world's first platform to offer 100 fiat-crypto pairings!
💎Thank you @businessinsider for featuring us! 💎Full article here: https://t.co/QqJ0snptjn#cryptocurrency #bitcoin #btc #blockchain #crypto #fintech #singapore #coinhako #indonesia #malaysia #vietnam pic.twitter.com/JYaQVWOK90
— Coinhako (@coinhako) January 9, 2019

What is more, the exchange supports a total of 25 cryptocurrencies for Singapore, Malaysia, Indonesia, and Vietnam.
Although XRP was mentioned in the list of supported currencies and implemented on the Coinhako platform earlier, it was delayed from the release for technical reasons, and the official support was announced only yesterday.

Thanks for sharing @LeoHadjiloizou. As promised, here is an update about @Ripple #XRP opening up to all users on our platform! pic.twitter.com/3HRgCmpD6G
— Coinhako (@coinhako) March 1, 2019

With adding support for XRP, Coinhako hopes to drive adoption in the Southeast Asia region. Taking into account the increasing user base and popularity of the XRP currency, Coinhako will hopefully achieve its goal.
XRP To Gain Traction
The news is very good for XRP which has recently seen price shoots which resulted from adding XRP to Coinbase’s professional trading platform, Coinbase Pro. Following the announcement, the XRP/fiat pairs will be available across different countries, including the U.S. (except NY), UK, supported European Union member nations, Canada, Singapore, and Australia.  Soon after the announcement, the price of XRP shot by over 10%.
Yoshitaka Kitao, the CEO of the Strategic Business Innovator Group (SBI), believes that by 2025, every bank in Japan will use XRP. Comparing Bitcoin and XRP, Kitao said that Bitcoin is “still searching for a use case, whereas XRP already has utility as a tool for making faster and cheaper cross border payments.”
At the moment of writing, XRP trades at $0.3055, having a decline of 2.98 percent over the past 24 hours. Its market capitalization makes up $12,656,792,938 as on today.
*To learn more about XRP coin, Ripple company, and their innovative solutions, please check out our awesome guide.
Ripple’s XRP Wins Over Yet Another Trading Platform, Now It’s Tim Draper Backed Coinhako

XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam

CoinSpeaker
XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam
That was just a month before Bitcoin got to it’s sky high of more than $20,000. Even though that result never happened again, last few years Bitcoin proved to be everything but a fraud. Not just that, but since then, plenty of other cryptocurrencies emerged and found their place under the crypto sky. One of them is XRP.
And we have to admit, it was pretty surprising when last month JP Morgan came out with the suggestions of JPM Coin, a US dollar-backed cryptocurrency that would be used for cross-border transactions with the bank’s client. However, they lamented its use as an internal-payment tool within JP Morgan. A recent statement by the bank’s CEO Jamie Dimon suggested that JPM Coin could one day be used outside the bank.
Few days ago, Forbes found themselves the subject of ridicule (or even bribery) at the hands of the XRP army, when one of their writers casually indicated that Ripple may be a scam. The writer named Jason Bloomberg was also an author of the article about above mentioned JPM Coin.
Within the article, certain parallels were drawn between JPM’s latest venture and Ripple themselves. However, rather than positing JPM Coin as competition to Ripple, Jason Bloomberg simply dismissed Ripple as an outright scam – seemingly through conjuncture and without any real explanation given.
Of course, the XRP/Ripple community didn’t stand for it, calling Jason out for his evident lack of research.
He started an article saying that Ripple was originally designed as a “pump and dump” project because the company works really hard to pump the price, but does so cleverly so that only those who look closely enough can spot the issues. He writes:
“At its core, the Ripple business model is a pump and dump scheme, as it undergoes numerous activities to increase the value of the XRP cryptocurrency (crypto). Unlike most crypto pump and dumps, however, Ripple takes numerous steps to obscure this basic fact.”
Jason Bloomberg didn’t stop himself here. He actually claims that Ripple pays its “customers” to promote XRP in an arrangement called the RippleNet Accelerator program. One would have thought the clients would pay Ripple for its services. That puts a huge question mark on Ripple and how they run the business.
He also touches issues such as XRP being the security, liquidity issue, customers, technology and more. We actually recommend that you read this entire article.
The Ripple Community Strikes Back
As expected the XRP and Ripple community defended their favorite crypto company and the digital asset XRP. Everyone knows that the community is strong and really active.

Is Forbes a scam? – At its core, the @Forbes business model is an obsolete model that relies on FUD. (Not financial advice). #xrp #xrpthestandard #XRPcommunity #xrpthebase @digitalassetbuy @XRPTrump @haydentiff @XRPcryptowolf @SgtObiWan @C3_Nik @marvin_xrp @Ripple @nbougalis pic.twitter.com/wGkujXCtd7
— Oskar Arnarson (@oskararnarson) March 1, 2019

The truth is, and we already wrote about it, Ripple has issues with central control. Ripple claims not to own or have created XRP, however it controls over 60% of the total XRP circulating supply. Ripple argues that XRP is an open source project that is separate from the Ripple company. It, however, claims the group of developers gave it a large percentage of XRP.
The question is for what? Jason Bloomberg believes it is for pumping the price of the token.
However, Ryan Zagone, Ripple Director of Regulatory Relations had said:
“XRP is open source and it was not created by our company, so that existed as an open source technology. We created a company that was interested in modernizing payments and then began using that open-source tech to do so … We didn’t create XRP… What we do have is we do own a significant amount of XRP, it was gifted to us by some of the open-source developers that created it. But there’s not a direct connection between Ripple the company and XRP.”
That Forbes is in favor of JPM Coin is a well-known fact. Perhaps one of the most famous was an article published by Ms. Frances Coppola in Forbes that explained how JP Morgan Coin was a “slap in the face” for Ripple.
He wrote:
“JPMCoin is a slap in the face for Ripple. Brad Garlinghouse, Ripple’s CEO, is on record as saying he expects major banks to adopt xRapid, along with the XRP token, in 2019. Now, J.P. Morgan – unquestionably a major bank – has told Ripple that there is no way they are using xRapid or XRP.”
However, a report issued by Binance Research, after careful analysis, concludes that in principle, the differences between JP Morgan’s cryptocurrency and XRP are so vast that both tokens could not compete directly.
First, Binance highlights the fact that JP Morgan is a stablecoin, whereas XRP is a volatile cryptocurrency. This in itself is an essential difference since one can be used as a means of speculation while the other cannot. JP Morgan’s currency would, in any case, compete with other stablecoins such as USDT, TUSD, USDC, GUSD, etc, and even that doesn’t seem to be the case either.
Another fundamental difference is that JP Morgan does not seem to be interested in opening its cryptocurrency to trading (however, they are open to that possibility). Also, the token’s blockchain will be private and controlled by JP Morgan. They said:
“For this pilot project, J.P. Morgan is specifically targeting institutional clients such as banks, brokers, dealers and other large corporations primarily for settlement and value transfer use cases within a closed ecosystem. J.P. Morgan has made it clear that the intent of this pilot is to test stablecoins and blockchain technologies to improve internal processes, ultimately resulting in efficiency gains and cost reductions for its global client base.”
Just a LowQquality Paid Article from JP Morgan?
Last but not least, let’s not forget the fact that the exact Jason Bloomberg is the head of intellyx.com, a company involved in providing paid content. They said their customers are both end consumers and business users who expect more options, higher quality and better service, at competitive prices with on-demand availability.
We, at Coinspeaker, just cannot escape the impression that this article is paid for and as such, can not serve as the serious analysis. The question is only: is that’s because JP Morgan so scared by XRP and just wants to outperform it this way?
XRP Fans Strike Back After Forbes Journalist Calls Ripple a Scam

Coinbase’s Controversial Neutrino Acquisition Makes Waves Within Crypto Community

CoinSpeaker
Coinbase’s Controversial Neutrino Acquisition Makes Waves Within Crypto Community
Coinbase, one of the largest US digital currency exchanges headquartered in San Francisco, California, is continuously looking for new growth opportunities, and one of the most popular ways to expand is an acquisition. Recently, the company acquired Neutrino, a blockchain intelligence platform.
At first sight, everything seemed to be gas and gaiters. However, the exchange users started to do some research and found out a quite controversial thing. It has been revealed that the executives of Neutrino were involved in the development of malware and were selling customer information to third parties.
In an interview with Cheddar, Christine Sandler, the Coinbase Head of Marketing, said:
“We are aware that Neutrino’s co-founders previously worked at Hacking Team, which we reviewed as part of our security, technical, and hiring diligence. It was important for us to migrate away from our current providers. They were selling client data to outside sources and it was compelling for us to get control over that and have proprietary technology that we could leverage to keep the data safe and protect our clients.”
She added:
“Coinbase does not condone nor will it defend the actions of Hacking Team, but it was important for Coinbase to bring this function in-house to fully control and protect our customers’ data and Neutrino’s technology was the best we encountered in the space to achieve this goal.”
It is notable that in the statement protecting company data has been mentioned. However, that data had already been sold to ‘outside sources’, and it is still unclear what kind of data was stolen and when it happened.
Neutrino and the Hacking Team
Neutrino has been known as a go-to analytics platform for assisting law enforcement agencies and financial institutions to monitor transactions on the blockchain. According to BreakerMag’s David Z. Morris, Neutrino CEO Giancarlo Russo, CTO Alberto Ornaghi, and CRO Marco Valleri were in charge of Hacking Team, a notorious Italian IT firm whose software has helped authoritarian governments spy on their citizens. Neutrino founders plied their wares as cyber gurus for the firm.
On its website, the Hacking Team states:
“We believe that fighting crime should be easy; we provide effective, easy-to-use offensive technology to the worldwide law enforcement and intelligence communities.”
Further, the website reads:
“Criminals and terrorists rely on mobile phones, tablets, lap tops and computers equipped with universal end-to-end encryption to hide their activity. Their secret communications and encrypted files can be critical to investigating, preventing and prosecuting crime. Hacking Team provides law enforcement an effective, easy-to-use solution.”
The Hacking Team has been implicated in several serious crimes. They reportedly worked with the Saudi enforcement unit that was later involved in the murder of the Washington Post correspondent Jamal Khashoggi. The firm helped the repressive Ethiopian regime monitor expatriate dissidents’ activities.
The Hacking Team also cooperated with a wide range of governments around the world, including Sudan and Morocco, enabling them to commit violations of human rights and freedom of information.
After this breaking news, a #DeleteCoinbase movement arose on Twitter and many users deleted their Coinbase accounts. The movement was started by a developer Udi Wertheimer who called Coinbase users for transferring residual Bitcoin to each other on the company’s books so they could drain and delete their accounts.
How Coinbase will respond to that is currently unclear. But the exchange will definitely try to counter this aggression.
Coinbase’s Controversial Neutrino Acquisition Makes Waves Within Crypto Community

Ripple Price Analysis: XRP Breakdown Might Be The Real Deal

Ripple price failed to trade above the $0.3400 resistance and declined recently against the US dollar.
Sellers pushed the price below the $0.3155 support and the 55 simple moving average (4-hours).
There was a break below a major contracting triangle with support at $0.3155 on the 4-hours chart of the XRP/USD pair (data source from Poloniex).
The price is now at a risk of extended losses towards the $0.3000 or $0.2880 support level.

Ripple price declined below the key $0.3155 support level against the US Dollar. XRP could continue to move down and it is likely to retest the $0.3000 support before attempting a recovery.
Ripple Price Analysis
In the past few sessions, there was an increase in selling on bitcoin, Ethereum, bitcoin cash, eos and ripple against the US Dollar. The XRP/USD pair failed to trade above the $0.3400 resistance and declined recently below $0.3250. The pair gained bearish momentum and settled below $0.3200 plus the 55 simple moving average (4-hours). The recent decline was strong as the price cleared a crucial support area near the $0.3155 level. Besides, there was a break below the 61.8% Fib retracement level of the last wave from the $0.3049 low to $0.3316 high.
Finally, there was a break below a major contracting triangle with support at $0.3155 on the 4-hours chart of the XRP/USD pair. The pair is now trading below $0.3120 and the 76.4% Fib retracement level of the last wave from the $0.3049 low to $0.3316 high. Therefore, there is a risk of more losses towards the last swing low at $0.3049. However, the main support is near the 0.3000 level.
In an ideal case, the price could test the 1.236 Fib extension level of the last wave from the $0.3049 low to $0.3316 high at $0.2986. On the other hand, if there is an upside correction, the price could face sellers near $0.3140 and $0.3155. The key barrier for buyers is near $0.3220 and the 55 simple moving average (4-hours).

Looking at the chart, ripple price is slowly moving towards the $0.3000 support area, where buyers are likely to emerge. If XRP fails to stay above $0.3000 or $0.2980, there is a risk of more losses towards the $0.2880 support area. On the other hand, a successful close above $0.3155 and $0.3220 could open the doors for a fresh increase in the coming days.
Technical indicators
4 hours MACD – The MACD for XRP/USD is placed heavily in the bearish zone, with a negative bias.
4 hours RSI (Relative Strength Index) – The RSI for XRP/USD dipped sharply below the 40 level and it could test 30.
Key Support Levels – $0.3045, $0.3000 and $0.2980.
Key Resistance Levels – $0.3155 and $0.3220.
The post Ripple Price Analysis: XRP Breakdown Might Be The Real Deal appeared first on Live Bitcoin News.

EOSBet Surges Ahead to Mass Adoption, Launches Account System and Bitcoin Betting

CoinSpeaker
EOSBet Surges Ahead to Mass Adoption, Launches Account System and Bitcoin Betting
For most blockchain-based projects, adoption seems to be the toughest pinnacle to achieve.  With more than 2,000 crypto products currently existing in the world, only a handful of them have practical utility. Even fewer crypto products are being used by the masses to solve real-world problems.
In December 2018, the EOSBet platform announced that it was granted a license by one of the world’s most trusted regulators and became the first officially certified on-chain blockchain casino in the world. The title sounded really proud: “The world’s largest decentralized application by volume and transactions.”
Oftentimes, professional gamblers, as well as new players, face deterring factors, such as the issue of how to obtain cryptocurrency, fees and expenses during conversion from one currency to another, and the security consciousness of the custody services of the websites themselves. EOSBet has come up with its “Account System Features” – a solution that helps with the elimination of a larger part of the aforementioned barriers.
Users can now deposit any currency of their choice without the barrier of management from third parties, coupled with obtaining the chosen Cryptocurrency. Moreover, users now have complete control of their funds at all times, and as the system is decentralized, with actions are verifiable on the blockchain, users are afforded a new level of security rarely seen in the industry. This leap in its development gives the platform a closer semblance to traditional casinos.
The team has also mentioned that this newly built system was designed for all categories of gamblers, whether novice or professional. Comparatively, the signup process is simple and user-friendly, unlike most online gambling sites. With as little as a two-step sign up process, a new user can begin using the platform for gambling.
The Bitcoin gambling market is thought to be an increasing wealthy venture. In light of this, the EOSBet platform now includes Bitcoin betting. So, in addition to players being able to bet on the platform using EOS tokens, users can deposit Bitcoin to the site and bet on-the-go while giving them the options of withdrawing their winnings at any time. Being the first on-chain casino to natively accept Bitcoin makes it an important niche in the Bitcoin betting industry.
The team has also announced that they plan to allow other crypto bets in the near future to include BCH, BSV, LTC, DASH, DOGE, ETH, TRON, and XRP, adding more variety to the crypto gambling market. In addition, a stimulating leaderboard, and a token distribution program are part of the upcoming developments in Q1 of this year.
Accordingly, this new account feature has recorded over 280 new user signups who have bet over USD 1.3 million in just a month of its launch. The platform has also claimed that it has distributed over USD 2 million as part of its Player Rewards Program and promises to keep its dividend standard to holders of the BET token.
It appears the team is earnestly striving to live up to the set goals of becoming the standard for smart casinos.
EOSBet Surges Ahead to Mass Adoption, Launches Account System and Bitcoin Betting

Bitcoin Price Analysis: BTC/USD Trends of March 04–10, 2019

CoinSpeaker
Bitcoin Price Analysis: BTC/USD Trends of March 04–10, 2019
Key Highlights:

The breakdown of $3,679 support level will decrease Bitcoin price towards $3,679;
in case the bears do not defend the resistance level of $4,337, BTC will find its high at $4,692;
the break out is imminent.

BTC/USD Long-term Trend: Ranging
Resistance levels: $4,237, $4,692, $5,209
Support levels: $3,679, $3,241, $2,765BTC/USD is on the sideways movement on the long-term outlook. On February 23, the bullish momentum aided the BTC price to find its high at $4,237. Continuation of Bitcoin price increment was opposed by the bears with the formation of the bearish engulfing candle.
The coin was pushed towards the support level of $3,679 but unable to reach the target before it was rejected at the dynamic support level of 21-day EMA and 50-day EMA. At this spot, both the Bears and the Bulls lost momentum and the BTC price commenced consolidation.
The 21-day EMA has crossed the 50-day EMA up but the two EMAs are flat showing no direction and Bitcoin price ranging directly on the two EMAs indicating that consolidation is ongoing. However, the Relative strength Index period 14 is at 50 levels pointing to the south connotes that the bearish momentum is gradually increasing.
Only radical fundamental events can make Bitcoin price to break out of the consolidation phase. Increase in the Bears’ momentum will make the coin to rally towards $3,241 in case the Bears’ momentum breaks down the support level of $3,679.
BTC/USD Medium-term Trend: Ranging
The Cryptocurrency is ranging on the medium-term outlook. As it can be seen clearly on the 4-Hour chart in the BTC/USD market that the bulls have lost the momentum to drive the coin upward, likewise the Bears have lost the pressure to propel the BTC price downward. The consolidation started on February 24, shortly after the strong bearish candle was opposed by the bulls to prevent further declination of Bitcoin price.
The BTC price is trading below the two EMAs in which the 50-day EMA is above the 21-day EMA. Meanwhile, the Relative Strength Index period 14 is above 20 levels with the signal lines bending down indicate sell signal.
Bitcoin Price Analysis: BTC/USD Trends of March 04–10, 2019