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
Markets Update: Cryptocurrencies Test Key Levels From 2017 Bull Trend
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.
Bitcoin Price Analysis: Strong Rally Set to Test Overhanging Resistance
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:
South Korea to Test Blockchain-based Voting Prior to Integration with Online Voting
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
Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test
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:
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.
Storiqa Announces The Launch Of Marketplace Test With Focus On APAC
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.
NSW Registry Manager to Test Land Conveyancing on a Blockchain in Australia
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
Official Launch of Spacebook Test Network and Operation Centers in 10 Countries
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
Amazon Cloud Blockchain Test Finds Its Way Faster Than Bitcoin
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™.
Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend
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:
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:
Figure 2: BTC-USD, 15-Minute Candles, Reaccumulation Trading Range
Binance Unveils Plans To Test A Fiat Crypto Exchange In Singapore
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.
Test Driving the Money Button — Simple Enough for a 9-Year Old
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?
Bitcoin Cash Stress Test – 5 Interesting Things That Happened
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.
Bitcoin Cash Stress Test Goes Beyond 24-Hours Setting New Records
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
Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record
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
How to Monitor the BCH Stress Test and Get Involved
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
Op Ed: Exploring the SEC’s New “Sufficiently Decentralized” Test
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.
Civil’s Token Sale Requires Purchasers To Pass A Test
Civil, the “decentralized platform for independent, sustainable journalism”, will begin its token sale (CVL) on August 13th — but getting in on on the action might be harder than you think.
In June of 2017, reports of a decentralized news and journalism platform surfaced, promising customers an ad-free environment where they could read the news that mattered to them. A year later, that platform Civil is rolling full steam ahead as it prepares for the launch of its token sale (CVL) on August 13th.
Bitcoin Price Prepares to Test $8K After Bull Breather
Bitcoin’s price pullback is seen yielding a more sustainable rally to $ 8,000, according to technical studies.
CoinDesk
Bitcoin Cash: BitPico ‘Stress Test’ Claims To Show Node Centralization
A new discovery in BitPico’s “stress test” on Bitcoin Cash (BCH) has allegedly unearthed further evidence of the altcoin’s centralization.
Nodes ‘In Same Server Rack’
According to the group, which began focusing its attention on BCH last month after conducting similar “test” on Bitcoin’s (BTC) Lightning Network, a number of full nodes on its network are “located in the same server rack.”
Producing a screenshot of the findings, BitPico called on Bitcoin Cash representatives to “explain” the centralized nature of the nodes.
98% of the shown nodes are sitting in the same server rack.