crypto expert

The privacy-focused Zcash (ZEC) extended its bullish breakout on Thursday, as a combination of market momentum and positive news headlines helped the lagging cryptocurrency surge to new yearly highs.  ZEC: $100 in the Cards For the first time since November, Zcash is making a big push toward the psychological $100 level and a breakout appears highly likely in the near term.  The cryptocurrency peaked at $99.68 on Poloniex, marking a new high for 2019. ZEC last traded at these heights in mid-November prior to the bitcoin cash-induced selloff.  At press time, the ZEC/USD exchange rate was valued at $93.79, where it was up 9.8% during the session. Zcash (ZEC/USD) is trekking sharply higher after breaking the 200-day moving average. | Source: TradingView.  Zcash is in the midst of a bullish breakout that began just over two weeks ago after the price overcame the 200-day moving average.  The latest rally puts ZEC into overbought territory, according to the daily relative strengt

A crypto analyst who is long on Bitcoin says he can’t shake a key indicator that suggests a “violent” pullback is coming in the short term.  The crypto trader who goes by the peculiar name ‘MagicPoopCannon’ told his following of 62,000 on TradingView that Bitcoin’s Network Value to Transactions (NVT) indicator is the primary cause for concern.  The NVT ratio measures the utility value of Bitcoin according to the number of transactions on the network relative to the price. “Speaking of the NVT, it now has the biggest pending sell signal that it has ever had, and when the sell signal actually triggers (when it breaks out of the red range) there will be absolute carnage that catches the crypto markets completely off guard.  So, when we do finally see the sell signal, I will be in cash until BTC reaches my regression line and or fulfills the linear expansion. Allow me to be one of the only analysts to inform you that Bitcoin is in a bear market rally. It held the top of the channe

XRP adds 13.2 percent week-to-date  Prices break above a 5-month trade range  For what Ripple seeks to achieve, the IMF has praised the San Francisco startup.  Nonetheless, George Harrap of Bitspark believes that Bitcoin is more practical, liquid, and useful than XRP. Ripple Price Analysis  Fundamentals  Different blockchain projects have different objectives. Ripple intends to build a global platform from where banks and financial institutions can run from.  Less than a decade later, and they are recording success.  Although onboarding is not as fast, at least, supporters can argue that progress is visible.  Ripple, as an independent company, has a fruitful relationship with several central banks, including that of Saudi Arabia, the Saudi Arabia Monetary Authority (SAMA). Besides, it has an open communication link to the White House.  At least that is what Cory Johnson, the former Chief Marketing Strategist said.  Furthermore, the IMF and the World Bank lauds Ripple’s e

Analysis of the cryptocurrency market by various global entities has been a standard procedure for a lot of organizations to keep track of the updates and developments in the field.  One such major analyst is China’s CCID Group, which works under the Xi Jinping-led country’s Ministry of Industry & IT [MIIT]. In the latest edition of CCID’s Global Public Blockchain Technology Assessment Index, it was stated that EOS retained its title as the best cryptocurrency according to three factors assigned by CCID. The three factors were basic technology, applicability, and creativity, criteria that are aimed at assessing the most effective digital assets in the market right now. In terms of basic technology, EOS scored a whopping 103.7, making it the only cryptocurrency to breach the 100-mark. It received a score of 20.2 and 24.7 when it came to applicability and creativity, respectively.  The surprising result of this assessment was that Bitcoin [BTC], the largest cryptocurrency on

Two bitcoin cash (BCH) mining pools recently carried out what is known as a 51 percent attack on the blockchain in an apparent effort to reverse another miner’s transactions.  The move is tied to the bitcoin cash network hard fork that occurred on May 15. The two mining pools  BTC.com and BTC.top  carried out the move in order to stop the unknown miner from taking coins that they weren’t supposed to have access to in the wake of the code change. That day, an attacker took advantage of a bug unrelated to the upgrade (and subsequently patched) that caused the network to split and for miners to mine empty blocks for a brief time.  In the context of cryptocurrencies like bitcoin cash, a 51 percent attack involves an entity or group controlling a majority of the hash rate which thereby allows them to execute several things they aren’t normally allowed to do, such as attempting to rewrite the network’s transaction history.  It’s long been a controversial topic and other cryptocurrencies

Three of the most famous cryptocurrencies that most people have heard of are Bitcoin, Ethereum, and Litecoin.  Not only have they survived longer than many others, but they have all maintained their strong positions in the rankings of most valuable cryptocurrencies.  Each one has its own unique attributes that they hope will help them compete in an extremely volatile market.  Bitcoin Bitcoin is the most famous cryptocurrency out there and also the original.  Created by Satoshi Nakamoto in 2008, Bitcoin is an uncensorable form of money that can be sent peer to peer anywhere in the world, without the need for a third party.  These unique attributes have garnered interest from libertarians, crypto-anarchists, and people unsatisfied with the current status quo of the economic system.  It has also received derision from classical economists who point to the volatile price fluctuations as a clear example of a bubble in progress.  Despite being labelled “dead” on numerous occasions

Litecoin (LTC) has managed to gain 200% in just 6 months.  The 2020 prediction target remains at $220.  Litecoin (LTC) is one of the biggest performers in the whole crypto market.  The hopes with this coin for a likewise performance in the next few months are also really high. Litecoin (LTC) could gather huge traction of attention when it gained almost 200% in just 6 months. Lots of investors have sold their lots in anticipation of a fall due to a price correction. But we predict something different. The short to medium term outlook of Litecoin is absolutely bullish.  The coin is likely to get a 140% surge, and the value may reach as high as 220 USD. But the waiting period needs to be until 2020.  With this high projection, we should now analyze the current figures of Litecoin (LTC) to understand the pattern. Current LTC Price Statistics Litecoin (LTC) is the 5th largest coin in the global crypto market.  The ROI (Return on Investment) stands at 1946.27%. A total of 61,8

The Dutch Financial Criminal Investigative Service has seized the website of a bitcoin transaction mixer in a crackdown involving Europol and other authorities.  Calling it the the “first law enforcement action of its kind against such a cryptocurrency mixer service,” Europol said in a statement Wednesday that the seizure of Bestmixer.io followed an investigation that began last summer.  As part of the move, police seized six servers based in Luxemourg and the Netherlands. Coin mixers or “tumblers” like Bestmixer.io work by pooling funds together and creating a web of new transactions in an effort to obfuscate their original source.  Typically, coin mixer users pay a fee on top of the funds they send in, receiving back their money from a wholly new address.  Europol alleged that much of the money that passed through Bestmixer.io “had a criminal origin or destination,” contending that “in these cases, the mixer was probably used to conceal and launder criminal flows of money.”

Ripple sustained losses from the highs around $0.47 on Friday last week.  The volatility on the market had catapulted XRP/USD from the narrow range resistance between $0.2900 and $0.3100.  Once the price corrected above the 50 Simple Moving Average (SMA) and the 100 SMA 4-hour there was slight struggle at $0.3200 but a break above the level place the crypto in an upwards motion past $0.3500 hurdle in turn opening the door for gains towards $0.5000.  The rejection from the new 2019 highs at $0.47 could not find support at $0.4000.  Instead, the declines extended to the level at $0.3600 where a reversal occurred.  We can see Ripple still trending higher above the rising trendline while pushing for higher consolidation.  Immediate support is provided by the 50 SMA 4-hour and the trendline support.  If this support is broken $0.3600 (recent support) will come in handy while the 100 SMA 4-hour at $0.3502.  Although, $0.3000 will be an overstretch as far as the current technica

The New Zealand cryptocurrency exchange, Cryptopia, which fell to its doom due to a security breach that occurred earlier this year, continues to stay in the headlines.  The attacker, who almost drained the exchange’s entire Ethereum wallets, has been transferring the stolen funds since the beginning of the day.  Whale Alert, a Twitter account that tracks the large sum of cryptocurrency transactions for all the top coins, has been tracking the movements of all coins compromised to recent hacks.  A few minutes ago, the social media account showed that large sum of Ethereum tokens was further being moved to a different wallet.  A total of four different transactions were completed, with around 29770.7290449 ETH [over $7 million] were transferred within 15 minutes. Notably, all the ETH from the wallet d96ba527be241c2c31fd66cbb0a9430702906a2a was transferred tod4e79226f1e5a7a28abb58f4704e53cd364e8d11, draining all the cryptocurrency from the initial wallet. More so, the at

Ripple (XRP) up 25.6 percent  Ripple Labs exposed by Coin Metrics as David Schwartz says it is a “timeline issue.”  Coin Metrics now reports that Ripple Labs did under-reported the number of XRP released from escrow by a total of 200 million XRP while implementing the “escrow queue” differently than announced.  The reaction could be heaping pressure on XRP which is fast dropping, clawing back this week’s gains.  Ripple Price Analysis  Fundamentals  According to a Coin Metrics report, Ripple Labs is allegedly misrepresenting the actual amount of XRP in their escrow accounts.  In two different occasions, the blockchain analytics firm said the XRP issuer “under-reported the number of XRP released from escrow by a total of 200 million XRP ($84 million at current prices)” further adding “other party/parties, potentially associated with Ripple, have released 55 million XRP from an unknown escrow address not connected to the main Ripple escrow account.”  However, it was the revela

Most of crypto land celebrated when Flexa and Gemini partnered to deliver digital currency fueled micro payments to merchants.  Spedn will let consumers shop at major stores including Nordstrom and Lowe’s and pay with crypto across bitcoin, ether, Bitcoin Cash, and Gemini Dollar.  But one crypto influencer was left out of the celebration  Litecoin Creator Charlie Lee.  That’s because Litecoin was noticeably absent from the list of coins that the Spedn app supports.  Lee tagged Flexa Co Founder Trevor Filter in a tweet rallying followers to agree that the “app should let us pay with Litecoin at Whole Foods, Gamestop, and thousands of other merchants!” Filter retweeted the message with a mysterious response saying that “retweets don’t equal endorsements or do they?” That left Crypto Twitter to speculate that the fifth biggest cryptocurrency would be the next coin to make the list. LITECOIN IS BASICALLY BITCOIN JUNIOR Litecoin Vice President of Nationwide Merchant Solutions Jon

At the end of a volatile week in the stock market, "60 Minutes" examines the even wilder financial world of Bitcoin and other cryptocurrencies.  The story, reported by Anderson Cooper, includes the first television interview with the legendary "Bitcoin pizza guy," Laszlo Hanyecz. On May 22, 2010, Hanyecz traded 10,000 Bitcoin for some pizza in what is widely believed to be the first real-world transaction involving Bitcoin.  Each year, on May 22, Bitcoin enthusiasts all over the world celebrate "Bitcoin Pizza Day" to mark the event.  Bitcoin then was worth less than a penny. Hanyecz, a computer programmer who lives in Florida, told Cooper he made a number of other trades after the pizza. In all, he estimated that he spent 100,000 Bitcoin on a number of items, much of it on pizza.  At the time of this interview, one Bitcoin was worth about $8,000. "That's $800 million," Cooper says. "You spent about $800 million on pizza?" H

Joe Lubin and Jimmy Song appear to have finalized the terms of their much publicized crypto bet. Both men appeared on CoinDesk Live at Consensus 2019 on Tuesday to follow up on the infamous onstage agreement they made at the conference a year ago.  Their wager? The future success of the Ethereum platform.  Lubin, the co founder of Ethereum and founder of ConsenSys, believes decentralized applications (DApps) on the platform will grow and continue to gain exponentially more active users in the next four years, while Song, a Bitcoin educator and former Bitcoin core developer, argues that DApps are unnecessary and inferior to their centralized counterparts. Their terms are quite specific: For Lubin to win, Ethereum will need to have 15 unique DApps with at least 10,000 daily active users and 100,000 monthly active users in six months out of any 12-month period between now and May 23, 2023.  Successful months do not need to be consecutive; they just need to fall within one year of

Ripple Price Analysis  Fundamentals  To reiterate, cryptocurrencies must find their way main-street if investors want to register positive ROI.  Of the many digital assets, Ripple (XRP) valuation depends on marketing.  Since Ripple Labs and Ripple Inc are two distinct companies with the former, the issuer, and the latter, the majority holder, the expansion of XRP prices is bullish for the ecosystem.  Although different from Ripple Inc, the InterLedger Protocol (ILP) is vital to the success of XRP as a settlement tool.  ILP is building a platform that fronts interoperability and at the center of this is XRP which will act as a liquidity tool with its main value proposition being its stability.  Already, there is work in progress, and even if the momentum is not as high, the foundation is strong. Complementing ILP connection is the success of xRapid.  David Schwartz is on record saying technical reasons are slowing down adoption but there are regulatory concerns which