Test | Digital Money Times

Bitcoin Price Analysis: Bitcoin is Ready to Test $6,000 Level

May 4, 2019 By Mark Lyford Leave a Comment

Summary:

Bitcoin continues to see strong buys following the news that shook out the market just one week ago. The short count continues rise and the bears are now drowning a slow, steady climb to new highs. Once these shorts close, we will very likely see a cascade of buy orders hit the market, known as a “short squeeze.”
Now that we’ve climbed out of the “no-mans-land” described over the last few weeks, we are encountering a potential area where supply might start to hit the market. So far, however, we haven’t seen much supply. All we’ve seen is a slow, steady grind that is absorbing every bit of selling pressure.

This is a preview of Bitcoin Price Analysis: Bitcoin is Ready to Test $6,000 Level. Click Here To Read the full post

Russia Prepares to Test Cryptocurrencies in Four of Its Regions

April 27, 2019 By Mark Lyford Leave a Comment

The Russian Federation, which is yet to regulate digital assets, is now planning to allow four of its regions to test innovations that are not covered by its current legislation. A bill drafted by the Economy ministry envisages the establishment of regulatory sandboxes there. The special economic zones will allow companies, entrepreneurs and authorities to experiment with cryptocurrencies without breaking the federal law.

Also read: Russia Adopts Law to Isolate Runet From the Internet Read more...

This is a preview of Russia Prepares to Test Cryptocurrencies in Four of Its Regions. Click Here To Read the full post

Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test

February 20, 2019 By Mark Lyford Leave a Comment

Over the course of the last 10 days, bitcoin has managed to rally nearly 20% in value as it burst through two major resistance levels and is now beginning the test of a major macro level:

Figure 1: BTC-USD, Daily Candles, Macro Resistance

We can see a clear, descending supply-and-demand channel that governed the market for the last two months. Yesterday, the market broke north of the channel and it has since begun to march toward a major macro level (red dashed line). This level is very significant; A test of this level will make or break the current market structure. If we fail to break through and fail to close a new high, this could be a strong bearish signal that supply is still highly present in the market and needs to be shaken out before any meaningful upward progress is made. Read more...

This is a preview of Bitcoin Price Analysis: Consolidation Breaks Out Into Macro Resistance Test. Click Here To Read the full post

EOS (EOS) Prepares to Test Critical $3.00 Resistance (Again)

February 17, 2019 By Mark Lyford Leave a Comment

EOS (EOS), the fourth-largest cryptocurrency with a $ 2.5 billion market cap, surged nearly 25% last week as the crypto market rallied on the back of Litecoin’s (LTC) unexpected breakout. You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to all Premium content. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed […]
SludgeFeed

Permanent link to this post (61 words, estimated 15 secs reading time)

Markets Update: Cryptocurrencies Test Key Levels From 2017 Bull Trend

February 12, 2019 By Mark Lyford Leave a Comment

The cryptocurrency markets are trading at significant long-term price areas, with BTC currently channeling between key levels from the 2017 bull run. In other market action, BCH and ETH have continued to consolidate above the $ 100 area.

Also Read: ETF Filed With SEC to Invest in Bitcoin Futures, Bonds, and Mutual Funds

BTC Trades Between Major Long-Term Price Zones

For the last two months, BTC has established a price range corresponding to areas of long-term significance. Read more...

This is a preview of Markets Update: Cryptocurrencies Test Key Levels From 2017 Bull Trend. Click Here To Read the full post

Bitcoin Price Analysis: Strong Rally Set to Test Overhanging Resistance

February 9, 2019 By Mark Lyford Leave a Comment

Shortly after the London Open, the entire crypto market saw a strong round of buying. Some coins broke their highest volume seen since the beginning of the bear market, and several others broke straight through overhanging resistance levels. Bitcoin, too, enjoyed a nice rally, rising almost 11% in just a few short hours:

Figure 1: BTC-USD, 4-Hour Candles, Early Morning Rally

This rally was very strong and sudden, running the stops of many late shorters in the crypto market. Zooming out to the daily view, we can see just how strong the move was as it nearly tripled the previous day’s trade volume on very high spread: Read more...

This is a preview of Bitcoin Price Analysis: Strong Rally Set to Test Overhanging Resistance. Click Here To Read the full post

South Korea to Test Blockchain-based Voting Prior to Integration with Online Voting

November 29, 2018 By Mark Lyford Leave a Comment

Blockchain voting could soon be a reality in South Korea if the trial on a system based on distributed ledger technology turns out successfully. According to The Korea Times, the development of the blockchain-based voting system will be completed in December. The system which is the brainchild of South Korea’s National Election Commission and the

The post South Korea to Test Blockchain-based Voting Prior to Integration with Online Voting appeared first on CCN

CCN

Permanent link to this post (75 words, estimated 18 secs reading time)

Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test

November 20, 2018 By Mark Lyford Leave a Comment

Bitcoin has tumbled again today as the market continues to see further downward movement shortly after breaking two areas of market support. So far, bitcoin is down 15% on the day — 25% in 1 week:

fig1 Figure 1: BTC-USD, Daily Candles, Downward Continuation

This drop below support is starting to display hallmarks of market capitulation. After most of the sellers got out of the market earlier this year, bitcoin managed to consolidate sideways for about 9 months in the form of a descending triangle. Read more...

This is a preview of Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test. Click Here To Read the full post

Storiqa Announces The Launch Of Marketplace Test With Focus On APAC

October 31, 2018 By Mark Lyford Leave a Comment

From now on shopping with crypto is real.

Hong Kong, November, 2018 – Storiqa, the marketplace based on blockchain, has launched beta.storiqa.com focusing firstly on the Asia-Pacific region, and especially Singapore. Aimed to help small and medium-sized producers step out of local markets and increase sales, Storiqa offers the first sellers 3 months of free trial period and helps them with marketing. Read more...

This is a preview of Storiqa Announces The Launch Of Marketplace Test With Focus On APAC. Click Here To Read the full post

NSW Registry Manager to Test Land Conveyancing on a Blockchain in Australia

October 16, 2018 By Mark Lyford Leave a Comment

The land registry manager of New South Wales in Australia has partnered with a blockchain technology firm with a view of applying distributed ledger technology to property conveyancing. According to the Financial Review, a proof of concept on a selected number of use cases will be conducted by the New South Wales Land Registry Services

The post NSW Registry Manager to Test Land Conveyancing on a Blockchain in Australia appeared first on CCN

CCN

Permanent link to this post (75 words, estimated 18 secs reading time)

Official Launch of Spacebook Test Network and Operation Centers in 10 Countries

October 12, 2018 By Mark Lyford Leave a Comment

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned … Continued

The post Official Launch of Spacebook Test Network and Operation Centers in 10 Countries appeared first on CCN

CCN

Permanent link to this post (77 words, 1 image, estimated 18 secs reading time)

Amazon Cloud Blockchain Test Finds Its Way Faster Than Bitcoin

September 26, 2018 By Mark Lyford Leave a Comment

CSIRO, Australia’s National Science Agency, in partnership with Sydney University have revealed that, through using the Amazon Cloud, the pair have managed to achieve a blockchain transaction settling time of 30,000 transactions per second. Bearing in mind that Bitcoin can settle around 8 transactions per second and that Ethereum can achieve around 15 transactions per second, CSIRO’s findings are actually quite significant.

According to CSIRO, this came about through an experiment on the Amazon Web Services AWS cloud infrastructure.

Continue reading Amazon Cloud Blockchain Test Finds Its Way Faster Than Bitcoin at Crypto Daily™. Read more...

This is a preview of Amazon Cloud Blockchain Test Finds Its Way Faster Than Bitcoin. Click Here To Read the full post

Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend

September 24, 2018 By Mark Lyford Leave a Comment

Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $ 6,800s:

fig1 Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to Markup

This shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $ 6,800s. Sitting atop its most recent rally is what appears to be a reaccumulation trading range shown below:
fig2 Figure 2: BTC-USD, 15-Minute Candles, Reaccumulation Trading Range Read more...

This is a preview of Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend. Click Here To Read the full post

Binance Unveils Plans To Test A Fiat Crypto Exchange In Singapore

September 23, 2018 By Mark Lyford Leave a Comment

Binance, the world’s largest cryptocurrency platforms by trading volume, will start a crypto fiat exchange testing in Singapore. This was revealed by the Binance Co-founder and CEO ChangPeng Zhao, during a blockchain conference in Singapore. He later confirmed the plans through an official tweet post. It can therefore be assumed that before the end of the year, Binance would offer support for the Singapore Dollar (SGD) including alternatives like SGD/BTC and SGD/ETH pairs. For now, the SGD pairs will only be available in closed Beta, since the beta testing will be through invitation only. Read more...

This is a preview of Binance Unveils Plans To Test A Fiat Crypto Exchange In Singapore. Click Here To Read the full post

Test Driving the Money Button — Simple Enough for a 9-Year Old

September 15, 2018 By Mark Lyford Leave a Comment

On September 13 the Money Button launched, allowing people the ability to integrate a Bitcoin Cash-powered payment button into any website or application. This week we tested the Money Button’s user interface with a website to see how easy it is to add a digital currency payment button.

Also read: Ledger Nano S Review: Can This $ 65 Device Top Trezor? Read more...

This is a preview of Test Driving the Money Button — Simple Enough for a 9-Year Old. Click Here To Read the full post

Bitcoin Cash Stress Test – 5 Interesting Things That Happened

September 15, 2018 By Mark Lyford Leave a Comment

Determining the pain points of a blockchain or cryptocurrency can be done in many different ways. In the case of Bitcoin Cash, a proper stress test was conducted a little while ago The results are rather promising, and a lot of valuable information was obtained. The following key findings are ranked in term of overall importance.

#5 Bringing the Pressure is Easy

It is always good to see a stress test be successful because increasing the number of transactions does not pose any real problems. In the case of Bitcoin Cash, the stress test has been quite successful, as the number of transactions was ten times higher compared to the regular throughput. A promising sign for the future, and it allowed the developers and community to observe all of the results accordingly. Read more...

This is a preview of Bitcoin Cash Stress Test – 5 Interesting Things That Happened. Click Here To Read the full post

Bitcoin Cash Stress Test Goes Beyond 24-Hours Setting New Records

September 5, 2018 By Mark Lyford Leave a Comment

On September 1, Bitcoin Cash proponents led a community-driven stress test by sending millions of transactions in one day. In fact, the protocol’s miners processed 2.2 million transactions in 24-hours and processed massive sized blocks all day long. But the stress testing fun didn’t end there as many BCH supporters continued to flood the network with transactions. The next day saw upwards of 1.37M transactions, and September 4 data has shown participants still were going strong with 1.67M processed yesterday.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Read more...

This is a preview of Bitcoin Cash Stress Test Goes Beyond 24-Hours Setting New Records. Click Here To Read the full post

Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record

September 3, 2018 By Mark Lyford Leave a Comment

Over the weekend, Bitcoin Cash conducted a stress test designed to prove to merchants and businesses worldwide that its mainnet is capable of scaling on chain and handling huge transaction volumes currently. The principal takeaway from the results of the test was that increased transaction volumes did not lead to a fee surge, and in

The post Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record appeared first on CCN

CCN

Permanent link to this post (73 words, estimated 18 secs reading time)

How to Monitor the BCH Stress Test and Get Involved

August 31, 2018 By Mark Lyford Leave a Comment

It’s getting close to the Bitcoin Cash (BCH) network stress test and many BCH proponents are preparing for the occasion. BCH supporters hope to send out millions of transactions on September 1 in order to see how well miners can process all of the transactions in the mempool. Today we are going to explain a few ways for people to participate during the BCH network stress test day and how they can monitor the network action as well.

Also read: Japan Roundup: Public Companies Unveil New Mining Plan, Exchange, Token Fund Read more...

This is a preview of How to Monitor the BCH Stress Test and Get Involved. Click Here To Read the full post

Op Ed: Exploring the SEC’s New “Sufficiently Decentralized” Test

August 10, 2018 By Mark Lyford Leave a Comment

The regulators have awoken. SEC Director William Hinman introduced novel concepts to the securities law analysis such that sellers of digital assets may have an escape valve. Yes, even if their initial sale triggered securities laws, later sales may not. The industry should not move forward without careful exploration of these concepts.

First order of business: Can digital assets change their colors? As outlined by Global Digital Finance, a digital asset can be a financial asset token (potentially coded as a security), a payment token (Hinman used the term “coin”), or a consumer token (Hinman used the term “token”). The relevant question is not whether an asset can change its token type, but whether the latter two types — a “coin” or “token” in Hinman’s words — can ever become securities. Read more...

This is a preview of Op Ed: Exploring the SEC’s New “Sufficiently Decentralized” Test. Click Here To Read the full post