#Coinflux price analysis
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Coinflux, LIDO DAO and Litecoin lead gainers as uncertainties persist in the coin market
Tuesday, May 16, 2023 saw Bitcoin make a modest gain of 1.37% at a time that LIDO, Litecoin and Coinflux led gains among the most capitalized coins. LIDO, which has been one of the most consistent tokens in the past months gained 3.5% in the past 24 hours, pushing its market price to $2.19. On the 7-day chart, the token has gained 16.3%. Today’s performance followed the conclusion of voting…
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XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market
On a weekly basis, XRP lags and is up one percent in the same time frame. This comes at the backdrop of FUDs and talk of SEC anticipated clarification of XRP. Despite all, XRP is still trading above key support lines. It is likely that weekend’s price action would shape the short to medium term trajectory of this coin.
From the News
The sore, iterative and tired debate of whether XRP is a security or a utility is quickly degenerating into drivel. If anything, ordinary investors don’t care about SEC position. XRP traders on the other hand are after playing the market and are always angling to clip some profits. Of course, SEC oversight on cryptocurrencies-an emergent and a complex market-is but welcomed. This is solely because of the inherent architecture and unregulated nature of cryptocurrencies in general.
Overly though, what commentators will argue is about the utility of XRP and the number of companies that are currently using the technology to improve on efficiency. That cannot be overstated and while we understand how SEC comments on the coin will always be that dark shadow, it is way better to look into the medium term and bask in the glory that BTC resurgence is tagging along with.
Anyhow, Brad Garlinghouse, the CEO of Ripple the company said the XRP-BTC coupling will probably take years before it wears off. Therefore, as long as BTC is trending, XRP shall closely follow suit.
By popular demand, we have added @Ripple trading on CoinFlux. In order to buy/sell @Ripple via CoinFlux you’ll need an active account. And, as always, our helpful colleagues from Customer Support are online to assist you for any inquiries you might have.https://t.co/dGKU0lHeRm pic.twitter.com/UOScfVvkjQ
— CoinFlux (@CoinFlux) July 19, 2018
After all, there are numerous channels of buying or trading with XRP. Most recently, CoinFlux announced their support of XRP. Initially, this Cluj based cryptocurrency exchange focused on ETH and BTC but considering the demand, XRP had to be an addition.
XRP Technical Analysis
Weekly Chart
XRP Weekly Chart By Trading View
Regardless of the general crypto market revival, XRP sellers are determined to clip this week’s gain. So far, we have this bear pin bar right at the 45 cents main support line printing despite our bullish stand.
Now, for that position to hold true then we might see rejection of lower lowers and that means XRP must print above 45 cents and ideally reverse July 18-20 losses. If not and there is a convincing close below 45 cents then next week we shall initiate shorts with targets at 15 cents.
Daily Chart
XRP Daily Chart By Trading View
In any case, XRP is moving within a 10 cent trade range with buy triggers at 55 cents and main support at 45 cents. Because of July 16 and 17 higher highs, we remain bullish despite the low volume accompanying that thrust. As we have mentioned above, should we see sellers driving prices to 45 cents, then my suggestion is to short on pull backs with stops at 50 cents.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market appeared first on NewsBTC.
XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market published first on https://medium.com/@smartoptions
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XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market
On a weekly basis, XRP lags and is up one percent in the same time frame. This comes at the backdrop of FUDs and talk of SEC anticipated clarification of XRP. Despite all, XRP is still trading above key support lines. It is likely that weekend’s price action would shape the short to medium term trajectory of this coin.
From the News
The sore, iterative and tired debate of whether XRP is a security or a utility is quickly degenerating into drivel. If anything, ordinary investors don’t care about SEC position. XRP traders on the other hand are after playing the market and are always angling to clip some profits. Of course, SEC oversight on cryptocurrencies-an emergent and a complex market-is but welcomed. This is solely because of the inherent architecture and unregulated nature of cryptocurrencies in general.
Overly though, what commentators will argue is about the utility of XRP and the number of companies that are currently using the technology to improve on efficiency. That cannot be overstated and while we understand how SEC comments on the coin will always be that dark shadow, it is way better to look into the medium term and bask in the glory that BTC resurgence is tagging along with.
Anyhow, Brad Garlinghouse, the CEO of Ripple the company said the XRP-BTC coupling will probably take years before it wears off. Therefore, as long as BTC is trending, XRP shall closely follow suit.
By popular demand, we have added @Ripple trading on CoinFlux. In order to buy/sell @Ripple via CoinFlux you’ll need an active account. And, as always, our helpful colleagues from Customer Support are online to assist you for any inquiries you might have.https://t.co/dGKU0lHeRm pic.twitter.com/UOScfVvkjQ
— CoinFlux (@CoinFlux) July 19, 2018
After all, there are numerous channels of buying or trading with XRP. Most recently, CoinFlux announced their support of XRP. Initially, this Cluj based cryptocurrency exchange focused on ETH and BTC but considering the demand, XRP had to be an addition.
XRP Technical Analysis
Weekly Chart
XRP Weekly Chart By Trading View
Regardless of the general crypto market revival, XRP sellers are determined to clip this week’s gain. So far, we have this bear pin bar right at the 45 cents main support line printing despite our bullish stand.
Now, for that position to hold true then we might see rejection of lower lowers and that means XRP must print above 45 cents and ideally reverse July 18-20 losses. If not and there is a convincing close below 45 cents then next week we shall initiate shorts with targets at 15 cents.
Daily Chart
XRP Daily Chart By Trading View
In any case, XRP is moving within a 10 cent trade range with buy triggers at 55 cents and main support at 45 cents. Because of July 16 and 17 higher highs, we remain bullish despite the low volume accompanying that thrust. As we have mentioned above, should we see sellers driving prices to 45 cents, then my suggestion is to short on pull backs with stops at 50 cents.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market appeared first on NewsBTC.
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Text
XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market
On a weekly basis, XRP lags and is up one percent in the same time frame. This comes at the backdrop of FUDs and talk of SEC anticipated clarification of XRP. Despite all, XRP is still trading above key support lines. It is likely that weekend’s price action would shape the short to medium term trajectory of this coin.
From the News
The sore, iterative and tired debate of whether XRP is a security or a utility is quickly degenerating into drivel. If anything, ordinary investors don’t care about SEC position. XRP traders on the other hand are after playing the market and are always angling to clip some profits. Of course, SEC oversight on cryptocurrencies-an emergent and a complex market-is but welcomed. This is solely because of the inherent architecture and unregulated nature of cryptocurrencies in general.
Overly though, what commentators will argue is about the utility of XRP and the number of companies that are currently using the technology to improve on efficiency. That cannot be overstated and while we understand how SEC comments on the coin will always be that dark shadow, it is way better to look into the medium term and bask in the glory that BTC resurgence is tagging along with.
Anyhow, Brad Garlinghouse, the CEO of Ripple the company said the XRP-BTC coupling will probably take years before it wears off. Therefore, as long as BTC is trending, XRP shall closely follow suit.
By popular demand, we have added @Ripple trading on CoinFlux. In order to buy/sell @Ripple via CoinFlux you’ll need an active account. And, as always, our helpful colleagues from Customer Support are online to assist you for any inquiries you might have.https://t.co/dGKU0lHeRm pic.twitter.com/UOScfVvkjQ
— CoinFlux (@CoinFlux) July 19, 2018
After all, there are numerous channels of buying or trading with XRP. Most recently, CoinFlux announced their support of XRP. Initially, this Cluj based cryptocurrency exchange focused on ETH and BTC but considering the demand, XRP had to be an addition.
XRP Technical Analysis
Weekly Chart
XRP Weekly Chart By Trading View
Regardless of the general crypto market revival, XRP sellers are determined to clip this week’s gain. So far, we have this bear pin bar right at the 45 cents main support line printing despite our bullish stand.
Now, for that position to hold true then we might see rejection of lower lowers and that means XRP must print above 45 cents and ideally reverse July 18-20 losses. If not and there is a convincing close below 45 cents then next week we shall initiate shorts with targets at 15 cents.
Daily Chart
XRP Daily Chart By Trading View
In any case, XRP is moving within a 10 cent trade range with buy triggers at 55 cents and main support at 45 cents. Because of July 16 and 17 higher highs, we remain bullish despite the low volume accompanying that thrust. As we have mentioned above, should we see sellers driving prices to 45 cents, then my suggestion is to short on pull backs with stops at 50 cents.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market appeared first on NewsBTC.
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Text
XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market
On a weekly basis, XRP lags and is up one percent in the same time frame. This comes at the backdrop of FUDs and talk of SEC anticipated clarification of XRP. Despite all, XRP is still trading above key support lines. It is likely that weekend’s price action would shape the short to medium term trajectory of this coin.
From the News
The sore, iterative and tired debate of whether XRP is a security or a utility is quickly degenerating into drivel. If anything, ordinary investors don’t care about SEC position. XRP traders on the other hand are after playing the market and are always angling to clip some profits. Of course, SEC oversight on cryptocurrencies-an emergent and a complex market-is but welcomed. This is solely because of the inherent architecture and unregulated nature of cryptocurrencies in general.
Overly though, what commentators will argue is about the utility of XRP and the number of companies that are currently using the technology to improve on efficiency. That cannot be overstated and while we understand how SEC comments on the coin will always be that dark shadow, it is way better to look into the medium term and bask in the glory that BTC resurgence is tagging along with.
Anyhow, Brad Garlinghouse, the CEO of Ripple the company said the XRP-BTC coupling will probably take years before it wears off. Therefore, as long as BTC is trending, XRP shall closely follow suit.
By popular demand, we have added @Ripple trading on CoinFlux. In order to buy/sell @Ripple via CoinFlux you’ll need an active account. And, as always, our helpful colleagues from Customer Support are online to assist you for any inquiries you might have.https://t.co/dGKU0lHeRm pic.twitter.com/UOScfVvkjQ
— CoinFlux (@CoinFlux) July 19, 2018
After all, there are numerous channels of buying or trading with XRP. Most recently, CoinFlux announced their support of XRP. Initially, this Cluj based cryptocurrency exchange focused on ETH and BTC but considering the demand, XRP had to be an addition.
XRP Technical Analysis
Weekly Chart
XRP Weekly Chart By Trading View
Regardless of the general crypto market revival, XRP sellers are determined to clip this week’s gain. So far, we have this bear pin bar right at the 45 cents main support line printing despite our bullish stand.
Now, for that position to hold true then we might see rejection of lower lowers and that means XRP must print above 45 cents and ideally reverse July 18-20 losses. If not and there is a convincing close below 45 cents then next week we shall initiate shorts with targets at 15 cents.
Daily Chart
XRP Daily Chart By Trading View
In any case, XRP is moving within a 10 cent trade range with buy triggers at 55 cents and main support at 45 cents. Because of July 16 and 17 higher highs, we remain bullish despite the low volume accompanying that thrust. As we have mentioned above, should we see sellers driving prices to 45 cents, then my suggestion is to short on pull backs with stops at 50 cents.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
The post XRP Technical Analysis: Spike in XRP FUDs Signals a Bottoming Market appeared first on NewsBTC.
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Bitcoin Bomb Threats, Romanian Fraud Arrests, Bitcoin Cash Continues to Plummet, Coinbase Integrates Paypal and More: This Week in Crypto
Bitcoin Bomb Threats, Romanian Fraud Arrests, Bitcoin Cash Continues to Plummet, Coinbase Integrates Paypal and More: This Week in Crypto
Several Notches Above Ransomware
An extortion scheme which sought to terrorize people into paying over BTC made global headlines over the course of the week. The threats happened worldwide, at a minimum being reported in the US, New Zealand, and Australia. The bomb threats demanded $20,000 in BTC in exchange for the terrorists to “give the command to my person to get away.” At least one address used in such schemes has to date received absolutely nothing, and there are no reports of anyone actually being injured as a result of failure to pay the ransom.
So I actually just got a bomb threat in my work email today ordering me to send the person $20,000 via bitcoin or they will blow up my place of work…. 2018 is wild pic.twitter.com/sn0vVLwe6v
— Ryan William Grant (@TheeRyanGrant) December 13, 2018
In related news, a “sextortion” scheme has been ongoing, seducing people into forcefully installing ransomware on their devices, ultimately forcing them to pay BTC or lose access to their data.
Romanian Bitcoin Exchange CoinFlux Sees Its CEO Arrested, Wanted for Extradition to the US
CCN broke the story of Vlad Nistor in the English speaking world. Nistor is the CEO and founder of a Romanian Bitcoin exchange called CoinFlux and is accused of having helped Romanian phishing scam artists – who actually traveled to the US as part of their scams in 2014 and 2015 – wash the proceeds of their scams in cryptocurrency when the exchange was just getting started up.
AriseBank CEO Settles SEC Charges
On the subject of scammers, Jared Rice, Sr., the CEO of the ICO-backed AriseBank scam has settled all charges with the SEC, amounting to well over $2 million fines and restitution. His criminal case is still pending.
Bitcoin Cash Bears In A Frenzy
For the first time ever this week, Bitcoin Cash saw a lower valuation than Ethereum. Ethereum itself is struggling on several fronts, the market being perhaps the least important to long-term bulls in the token platform. Actual dApp usage on the platform is incredibly low overall. We also reported this week how Tron, an alternative smart contract platform with a base token valued well under $1, saw more than a million transactions per day in its own dApps, indicating a growing demand for the token and its applications.
Bitcoin Cash ABC, the fork that retained the BCH ticker across exchanges, continues to plummet in value with no end in sight. Erstwhile, the other side of the fork, Bitcoin SV, seems to stay just behind BCH in price, the two being valued at $82 and $77 respectively on Saturday night. The continuing lack of confidence in Bitcoin Cash as a whole might be related to such things as lawsuits alleging overt centralization in addition to the general frigid atmosphere surrounding cryptos amid regulatory moves and prosecutions.
Coinbase Integrates Paypal
Coinbase users no longer need a traditional bank account to withdraw proceeds from Coinbase trades. They can withdraw to a Paypal account as of Friday. According to CCN writer Samantha Cheng:
Before, you needed an ACH (automated clearing house) or federal wire account to withdraw funds from your Coinbase account. And it could take up to two business days for the transaction to clear.
The only thing missing now is PayPal deposits, which are still not available, meaning that customers must use at a minimum a Debit or Credit Card to fund their account. The unbanked stay unbanked if they use Coinbase, at least for now.
Porsche Uses Blockchain to Arrange $170 Million Loan
Porsche wanted a loan to conduct a targeted acquisition, and according to CCN’s Melanie Kramer, they recently used BBVA’s blockchain products to do so:
Acquisition term loans are provided for a specific purpose and period. In this case, Porsche Holding Salzburg, a subsidiary of Volkswagen AG, is seeking to expand its retail distribution network in Europe and Asia.
The pilot also makes Porsche, still the largest automotive distributor in Europe, the first non-Spanish borrower to use BBVA DLT to negotiate and close a corporate loan.
BBVA has conducted other loans using its blockchain infrastructure in the recent past.
African Militants Use ERC-20 Token As Official Currency
A group of Camaroon separatists who are working to establish what they called “Ambazonia,” have created AmbaCoin, an ERC-20 token that they tout as their official currency.
CCN’s David Hundeyin reported that there were still some unanswered questions about AmbaCoin:
As is the case with the Petro, it is currently unclear how the natural resources and projected earnings that give it value will be quantified and calculated, and it is also unclear how the said resources will be harnessed given that the Cameroonian military still maintains control of Southern Cameroon.
At time of writing, they were still selling the tokens for 25 cents US each to raise funds.
Featured image from Shutterstock.
Get Exclusive Crypto Analysis by Professional Traders and Investors on Hacked.com. Sign up now and get the first month for free. Click here. Advertisement
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Bitcoin Bomb Threats, Romanian Fraud Arrests, Bitcoin Cash Continues to Plummet, Coinbase Integrates Paypal and More: This Week in Crypto
Bitcoin Bomb Threats, Romanian Fraud Arrests, Bitcoin Cash Continues to Plummet, Coinbase Integrates Paypal and More: This Week in Crypto
Several Notches Above Ransomware
An extortion scheme which sought to terrorize people into paying over BTC made global headlines over the course of the week. The threats happened worldwide, at a minimum being reported in the US, New Zealand, and Australia. The bomb threats demanded $20,000 in BTC in exchange for the terrorists to “give the command to my person to get away.” At least one address used in such schemes has to date received absolutely nothing, and there are no reports of anyone actually being injured as a result of failure to pay the ransom.
So I actually just got a bomb threat in my work email today ordering me to send the person $20,000 via bitcoin or they will blow up my place of work…. 2018 is wild pic.twitter.com/sn0vVLwe6v
— Ryan William Grant (@TheeRyanGrant) December 13, 2018
In related news, a “sextortion” scheme has been ongoing, seducing people into forcefully installing ransomware on their devices, ultimately forcing them to pay BTC or lose access to their data.
Romanian Bitcoin Exchange CoinFlux Sees Its CEO Arrested, Wanted for Extradition to the US
CCN broke the story of Vlad Nistor in the English speaking world. Nistor is the CEO and founder of a Romanian Bitcoin exchange called CoinFlux and is accused of having helped Romanian phishing scam artists – who actually traveled to the US as part of their scams in 2014 and 2015 – wash the proceeds of their scams in cryptocurrency when the exchange was just getting started up.
AriseBank CEO Settles SEC Charges
On the subject of scammers, Jared Rice, Sr., the CEO of the ICO-backed AriseBank scam has settled all charges with the SEC, amounting to well over $2 million fines and restitution. His criminal case is still pending.
Bitcoin Cash Bears In A Frenzy
For the first time ever this week, Bitcoin Cash saw a lower valuation than Ethereum. Ethereum itself is struggling on several fronts, the market being perhaps the least important to long-term bulls in the token platform. Actual dApp usage on the platform is incredibly low overall. We also reported this week how Tron, an alternative smart contract platform with a base token valued well under $1, saw more than a million transactions per day in its own dApps, indicating a growing demand for the token and its applications.
Bitcoin Cash ABC, the fork that retained the BCH ticker across exchanges, continues to plummet in value with no end in sight. Erstwhile, the other side of the fork, Bitcoin SV, seems to stay just behind BCH in price, the two being valued at $82 and $77 respectively on Saturday night. The continuing lack of confidence in Bitcoin Cash as a whole might be related to such things as lawsuits alleging overt centralization in addition to the general frigid atmosphere surrounding cryptos amid regulatory moves and prosecutions.
Coinbase Integrates Paypal
Coinbase users no longer need a traditional bank account to withdraw proceeds from Coinbase trades. They can withdraw to a Paypal account as of Friday. According to CCN writer Samantha Cheng:
Before, you needed an ACH (automated clearing house) or federal wire account to withdraw funds from your Coinbase account. And it could take up to two business days for the transaction to clear.
The only thing missing now is PayPal deposits, which are still not available, meaning that customers must use at a minimum a Debit or Credit Card to fund their account. The unbanked stay unbanked if they use Coinbase, at least for now.
Porsche Uses Blockchain to Arrange $170 Million Loan
Porsche wanted a loan to conduct a targeted acquisition, and according to CCN’s Melanie Kramer, they recently used BBVA’s blockchain products to do so:
Acquisition term loans are provided for a specific purpose and period. In this case, Porsche Holding Salzburg, a subsidiary of Volkswagen AG, is seeking to expand its retail distribution network in Europe and Asia.
The pilot also makes Porsche, still the largest automotive distributor in Europe, the first non-Spanish borrower to use BBVA DLT to negotiate and close a corporate loan.
BBVA has conducted other loans using its blockchain infrastructure in the recent past.
African Militants Use ERC-20 Token As Official Currency
A group of Camaroon separatists who are working to establish what they called “Ambazonia,” have created AmbaCoin, an ERC-20 token that they tout as their official currency.
CCN’s David Hundeyin reported that there were still some unanswered questions about AmbaCoin:
As is the case with the Petro, it is currently unclear how the natural resources and projected earnings that give it value will be quantified and calculated, and it is also unclear how the said resources will be harnessed given that the Cameroonian military still maintains control of Southern Cameroon.
At time of writing, they were still selling the tokens for 25 cents US each to raise funds.
Featured image from Shutterstock.
Get Exclusive Crypto Analysis by Professional Traders and Investors on Hacked.com. Sign up now and get the first month for free. Click here. Advertisement
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Bitcoin Bomb Threats, Romanian Fraud Arrests, Bitcoin Cash Continues to Plummet, Coinbase Integrates Paypal and More: This Week in Crypto
Bitcoin Bomb Threats, Romanian Fraud Arrests, Bitcoin Cash Continues to Plummet, Coinbase Integrates Paypal and More: This Week in Crypto
Several Notches Above Ransomware
An extortion scheme which sought to terrorize people into paying over BTC made global headlines over the course of the week. The threats happened worldwide, at a minimum being reported in the US, New Zealand, and Australia. The bomb threats demanded $20,000 in BTC in exchange for the terrorists to “give the command to my person to get away.” At least one address used in such schemes has to date received absolutely nothing, and there are no reports of anyone actually being injured as a result of failure to pay the ransom.
So I actually just got a bomb threat in my work email today ordering me to send the person $20,000 via bitcoin or they will blow up my place of work…. 2018 is wild pic.twitter.com/sn0vVLwe6v
— Ryan William Grant (@TheeRyanGrant) December 13, 2018
In related news, a “sextortion” scheme has been ongoing, seducing people into forcefully installing ransomware on their devices, ultimately forcing them to pay BTC or lose access to their data.
Romanian Bitcoin Exchange CoinFlux Sees Its CEO Arrested, Wanted for Extradition to the US
CCN broke the story of Vlad Nistor in the English speaking world. Nistor is the CEO and founder of a Romanian Bitcoin exchange called CoinFlux and is accused of having helped Romanian phishing scam artists – who actually traveled to the US as part of their scams in 2014 and 2015 – wash the proceeds of their scams in cryptocurrency when the exchange was just getting started up.
AriseBank CEO Settles SEC Charges
On the subject of scammers, Jared Rice, Sr., the CEO of the ICO-backed AriseBank scam has settled all charges with the SEC, amounting to well over $2 million fines and restitution. His criminal case is still pending.
Bitcoin Cash Bears In A Frenzy
For the first time ever this week, Bitcoin Cash saw a lower valuation than Ethereum. Ethereum itself is struggling on several fronts, the market being perhaps the least important to long-term bulls in the token platform. Actual dApp usage on the platform is incredibly low overall. We also reported this week how Tron, an alternative smart contract platform with a base token valued well under $1, saw more than a million transactions per day in its own dApps, indicating a growing demand for the token and its applications.
Bitcoin Cash ABC, the fork that retained the BCH ticker across exchanges, continues to plummet in value with no end in sight. Erstwhile, the other side of the fork, Bitcoin SV, seems to stay just behind BCH in price, the two being valued at $82 and $77 respectively on Saturday night. The continuing lack of confidence in Bitcoin Cash as a whole might be related to such things as lawsuits alleging overt centralization in addition to the general frigid atmosphere surrounding cryptos amid regulatory moves and prosecutions.
Coinbase Integrates Paypal
Coinbase users no longer need a traditional bank account to withdraw proceeds from Coinbase trades. They can withdraw to a Paypal account as of Friday. According to CCN writer Samantha Cheng:
Before, you needed an ACH (automated clearing house) or federal wire account to withdraw funds from your Coinbase account. And it could take up to two business days for the transaction to clear.
The only thing missing now is PayPal deposits, which are still not available, meaning that customers must use at a minimum a Debit or Credit Card to fund their account. The unbanked stay unbanked if they use Coinbase, at least for now.
Porsche Uses Blockchain to Arrange $170 Million Loan
Porsche wanted a loan to conduct a targeted acquisition, and according to CCN’s Melanie Kramer, they recently used BBVA’s blockchain products to do so:
Acquisition term loans are provided for a specific purpose and period. In this case, Porsche Holding Salzburg, a subsidiary of Volkswagen AG, is seeking to expand its retail distribution network in Europe and Asia.
The pilot also makes Porsche, still the largest automotive distributor in Europe, the first non-Spanish borrower to use BBVA DLT to negotiate and close a corporate loan.
BBVA has conducted other loans using its blockchain infrastructure in the recent past.
African Militants Use ERC-20 Token As Official Currency
A group of Camaroon separatists who are working to establish what they called “Ambazonia,” have created AmbaCoin, an ERC-20 token that they tout as their official currency.
CCN’s David Hundeyin reported that there were still some unanswered questions about AmbaCoin:
As is the case with the Petro, it is currently unclear how the natural resources and projected earnings that give it value will be quantified and calculated, and it is also unclear how the said resources will be harnessed given that the Cameroonian military still maintains control of Southern Cameroon.
At time of writing, they were still selling the tokens for 25 cents US each to raise funds.
Featured image from Shutterstock.
Get Exclusive Crypto Analysis by Professional Traders and Investors on Hacked.com. Sign up now and get the first month for free. Click here. Advertisement
Original Source https://ift.tt/2S5MxXk
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Bitcoin Bomb Threats, Romanian Fraud Arrests, Bitcoin Cash Continues to Plummet, Coinbase Integrates Paypal and More: This Week in Crypto
Bitcoin Bomb Threats, Romanian Fraud Arrests, Bitcoin Cash Continues to Plummet, Coinbase Integrates Paypal and More: This Week in Crypto
Several Notches Above Ransomware
An extortion scheme which sought to terrorize people into paying over BTC made global headlines over the course of the week. The threats happened worldwide, at a minimum being reported in the US, New Zealand, and Australia. The bomb threats demanded $20,000 in BTC in exchange for the terrorists to “give the command to my person to get away.” At least one address used in such schemes has to date received absolutely nothing, and there are no reports of anyone actually being injured as a result of failure to pay the ransom.
So I actually just got a bomb threat in my work email today ordering me to send the person $20,000 via bitcoin or they will blow up my place of work…. 2018 is wild pic.twitter.com/sn0vVLwe6v
— Ryan William Grant (@TheeRyanGrant) December 13, 2018
In related news, a “sextortion” scheme has been ongoing, seducing people into forcefully installing ransomware on their devices, ultimately forcing them to pay BTC or lose access to their data.
Romanian Bitcoin Exchange CoinFlux Sees Its CEO Arrested, Wanted for Extradition to the US
CCN broke the story of Vlad Nistor in the English speaking world. Nistor is the CEO and founder of a Romanian Bitcoin exchange called CoinFlux and is accused of having helped Romanian phishing scam artists – who actually traveled to the US as part of their scams in 2014 and 2015 – wash the proceeds of their scams in cryptocurrency when the exchange was just getting started up.
AriseBank CEO Settles SEC Charges
On the subject of scammers, Jared Rice, Sr., the CEO of the ICO-backed AriseBank scam has settled all charges with the SEC, amounting to well over $2 million fines and restitution. His criminal case is still pending.
Bitcoin Cash Bears In A Frenzy
For the first time ever this week, Bitcoin Cash saw a lower valuation than Ethereum. Ethereum itself is struggling on several fronts, the market being perhaps the least important to long-term bulls in the token platform. Actual dApp usage on the platform is incredibly low overall. We also reported this week how Tron, an alternative smart contract platform with a base token valued well under $1, saw more than a million transactions per day in its own dApps, indicating a growing demand for the token and its applications.
Bitcoin Cash ABC, the fork that retained the BCH ticker across exchanges, continues to plummet in value with no end in sight. Erstwhile, the other side of the fork, Bitcoin SV, seems to stay just behind BCH in price, the two being valued at $82 and $77 respectively on Saturday night. The continuing lack of confidence in Bitcoin Cash as a whole might be related to such things as lawsuits alleging overt centralization in addition to the general frigid atmosphere surrounding cryptos amid regulatory moves and prosecutions.
Coinbase Integrates Paypal
Coinbase users no longer need a traditional bank account to withdraw proceeds from Coinbase trades. They can withdraw to a Paypal account as of Friday. According to CCN writer Samantha Cheng:
Before, you needed an ACH (automated clearing house) or federal wire account to withdraw funds from your Coinbase account. And it could take up to two business days for the transaction to clear.
The only thing missing now is PayPal deposits, which are still not available, meaning that customers must use at a minimum a Debit or Credit Card to fund their account. The unbanked stay unbanked if they use Coinbase, at least for now.
Porsche Uses Blockchain to Arrange $170 Million Loan
Porsche wanted a loan to conduct a targeted acquisition, and according to CCN’s Melanie Kramer, they recently used BBVA’s blockchain products to do so:
Acquisition term loans are provided for a specific purpose and period. In this case, Porsche Holding Salzburg, a subsidiary of Volkswagen AG, is seeking to expand its retail distribution network in Europe and Asia.
The pilot also makes Porsche, still the largest automotive distributor in Europe, the first non-Spanish borrower to use BBVA DLT to negotiate and close a corporate loan.
BBVA has conducted other loans using its blockchain infrastructure in the recent past.
African Militants Use ERC-20 Token As Official Currency
A group of Camaroon separatists who are working to establish what they called “Ambazonia,” have created AmbaCoin, an ERC-20 token that they tout as their official currency.
CCN’s David Hundeyin reported that there were still some unanswered questions about AmbaCoin:
As is the case with the Petro, it is currently unclear how the natural resources and projected earnings that give it value will be quantified and calculated, and it is also unclear how the said resources will be harnessed given that the Cameroonian military still maintains control of Southern Cameroon.
At time of writing, they were still selling the tokens for 25 cents US each to raise funds.
Featured image from Shutterstock.
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XRP Technical Analysis
On a weekly basis, XRP lags and is up one percent in the same time frame. This comes at the backdrop of FUDs and talk of SEC anticipated clarification of XRP. Despite all, XRP is still trading above key support lines. It is likely that weekend’s price action would shape the short to medium term trajectory of this coin.
From the News
The sore, iterative and tired debate of whether XRP is a security or a utility is quickly degenerating into drivel. If anything, ordinary investors don’t care about SEC position. XRP traders on the other hand are after playing the market and are always angling to clip some profits. Of course, SEC oversight on cryptocurrencies-an emergent and a complex market-is but welcomed. This is solely because of the inherent architecture and unregulated nature of cryptocurrencies in general.
Overly though, what commentators will argue is about the utility of XRP and the number of companies that are currently using the technology to improve on efficiency. That cannot be overstated and while we understand how SEC comments on the coin will always be that dark shadow, it is way better to look into the medium term and bask in the glory that BTC resurgence is tagging along with.
Anyhow, Brad Garlinghouse, the CEO of Ripple the company said the XRP-BTC coupling will probably take years before it wears off. Therefore, as long as BTC is trending, XRP shall closely follow suit.
By popular demand, we have added @Ripple trading on CoinFlux. In order to buy/sell @Ripple via CoinFlux you’ll need an active account. And, as always, our helpful colleagues from Customer Support are online to assist you for any inquiries you might have.https://t.co/dGKU0lHeRm pic.twitter.com/UOScfVvkjQ
— CoinFlux (@CoinFlux) July 19, 2018
After all, there are numerous channels of buying or trading with XRP. Most recently, CoinFlux announced their support of XRP. Initially, this Cluj based cryptocurrency exchange focused on ETH and BTC but considering the demand, XRP had to be an addition.
XRP Technical Analysis
Weekly Chart
XRP Weekly Chart By Trading View
Regardless of the general crypto market revival, XRP sellers are determined to clip this week’s gain. So far, we have this bear pin bar right at the 45 cents main support line printing despite our bullish stand.
Now, for that position to hold true then we might see rejection of lower lowers and that means XRP must print above 45 cents and ideally reverse July 18-20 losses. If not and there is a convincing close below 45 cents then next week we shall initiate shorts with targets at 15 cents.
Daily Chart
XRP Daily Chart By Trading View
In any case, XRP is moving within a 10 cent trade range with buy triggers at 55 cents and main support at 45 cents. Because of July 16 and 17 higher highs, we remain bullish despite the low volume accompanying that thrust. As we have mentioned above, should we see sellers driving prices to 45 cents, then my suggestion is to short on pull backs with stops at 50 cents.
Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
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