Tron (TRX) Opening Offices In Taiwan

Only yesterday, Justin Sun held a live interview on twitter with Taiwanese legislator and Member of Parliament, Jason Hsu. The topic of discussion was dubbed Tron In Taiwan. The full English translated transcripts of the Tron (TRX) interview are yet to be released but one can only assume that the two gentlemen talked about the potential of Tron doing business in Taiwan.

This live interview was then followed by a Tweet by Justin Sun confirming the above and informing us on the opening of new Tron offices in Taiwan. In the tweet, Justin is quoted as saying:

“TRON will open an office in Taiwan soon, and participate in the Taiwan Blockchain Self-Regulatory Organization”

Moments later, Justin tweeted about the numerous possibilities and opportunities for engineers, marketers, PR firms and other blockchain professionals in Taiwan once the offices open. He said:

“Right now there is a great opportunity for Taiwan engineers, marketers, PR, and others. You can join our TRON lab in TW, and participate in our community. Taiwan will be an important blockchain community!”

Back in October, Taiwan’s Financial Supervisory Commission Chairman, Wellington Koo, told a joint session of Taiwan’s parliament that the country would take a much friendlier approach towards crypto regulation and blockchain adoption. He further explained that Taiwan would not take strict approaches as those taken by China and South Korea.

What has then been born from such a stance by the Taiwanese officials is the Taiwan Self Regulatory Organization that Justin mentioned in his tweet. This puts TRON and Justin at a very good position when it comes to shaping the future of cryptocurrencies and blockchain in Taiwan and eventually the globe.

As an industry expert and a proponent for both crypto and blockchain, Justin and the Tron Foundation have a front row seat in Crypto-verse history as they participate in the first ever self regulating crypto organization that has the full backing of a country’s government. This is revolutionary and welcome news for anyone who has seen blow after blow on crypto by Governments and Central Banks across the globe. Three Cheers for Taiwan!

TRX has been doing pretty well in the markets as the project has been announcing developments on a regular basis. TRX is currently trading at $0.053 and down 1.57% in 24 hours. Monday’s are usually a trying time for cryptocurrencies in the markets as trading tries to recover from sluggish action over the weekends.

With MainNet being released on May 31st, there is a lot to look forward to in the markets for TRX. The current value of TRX is 47% higher than that on 12th of April and before the crypto markets received a boost from a resurgent Bitcoin. BTC did a $1,000 pump in less than an hour on that day and left many traders somewhat speechless and very hopeful about the future.

The post Tron (TRX) Opening Offices In Taiwan appeared first on Ethereum World News.

Powered by WPeMatico

Is Parity Vote Behind Ethereum’s (ETH) Northward Drive To $650?

ethereum bcg

The cryptocurrency market is moving northward this days, however, it is important to discuss what is behind the recent bullish run. Ethereum, the second altcoin by market capitalization is also witnessing the same. The altcoin has risen far above $600, and now switches a little below $640 as at the time of writing this article. According to observers, the surprising move could be linked to this weekend’s parity vote which ends tomorrow.

Dubbed as ‘the most fascinating vote in the history of cryptocurrency’ by analyst, the on-going vote has 7 days span. The reason behind the vote is whether the Parity’s 500,000 eth that was mistakenly frozen because of a noticed bug on Parity’s multi-sig should be returned or confiscated. Now 55.6% of Ethereum HODLers are in support of the restoration, while 44.4% do not want it restored. If the yes have it, there will be no choice than to return the fund to Parity.

The question at hand now is that does the ongoing Parity vote have effect on the price of Ethereum in the market or will it add to the value as time goes on.

It is worthy to note that the cryptocurrency space is currently witnessing a boom, it cannot be categorically stated that Ethereum is up in the sky because of the Parity vote. Considering the recent favourable news that Ethereum community have received, the increased value of Ethereum cannot be linked to Parity alone. Until the vote ends, and the fund is returned, it is hard to say that the massive hick in price is because of the vote. However, if the fund is returned, it shows that the users of Ethereum controls the future of the blockchain, and hence, may bring good name to Ethereum. This will translates to a market boom.

How Did The Freeze Happened?

Parity is an Ethereum software client. A code flaw in the software resulted in freezing of $160 million worth of Ether on Monday November 6th 2017. The freeze caused distress and anxiety to the community and affected around 500 eth wallet.

According to the team behind Parity, “a vulnerability in the “library” smart contract code, deployed as a shared component of all Parity multi-sig wallets deployed after July 20th 2017, was found by an anonymous user. The user decided to exploit this vulnerability and made himself the “owner” of the library contract.”

“The user destructed this component. Since Parity multi-signature wallets depend on this component, this action blocked funds in 587 wallets holding a total amount of 513,774.16 Ether as well as additional tokens. Subsequent to destroying the library component, someone (purportedly this same user) posted under the username of “devops199” issue #6995 that prompted our investigation into this matter.”

If the fund is returned, it is going to relieve the team behind Parity and give the Ethereum community a major boost, hopefully.

The post Is Parity Vote Behind Ethereum’s (ETH) Northward Drive To $650? appeared first on Ethereum World News.

Powered by WPeMatico

Bitcoin Private Price Spikes 20%, More Gains Possible?

Bitcoin Private Price Analysis BTCP

Bitcoin private price surged higher recently and settled above $50.00 against the US Dollar. BTCP/USD remains supported on the downside for more gains.

Key Talking Points

  • Bitcoin private coin price started a nice upside move and traded above $70.00 (Data feed of coinmarketcap) against the US Dollar.
  • There is a major bullish trend line in place with support at $48.00 on the 7-day chart of the BTCP/USD pair.
  • The pair is currently in an uptrend and it could break $65.00 once again in the near term.

Bitcoin Private Price Forecast

There were heavy movements in bitcoin private coin price from the $25.00 low against the US dollar. The BTCP/USD pair started a solid upside move and traded by more than 150% higher to clear the $50.00 resistance level.

It even traded above the $70.00 level recently and formed a high at $77.15. Later, it started a downside correction and traded below the $60.00 level. There was also a push below the 23.6% Fib retracement level of the last wave from the $28.46 low to $77.15 high.

Bitcoin Private Price Analysis BTCP

However, the decline was protected by the $48.00-50.00 support area. Moreover, the 50% Fib retracement level of the last wave from the $28.46 low to $77.15 high also acted as a support.

The price formed a base around the $48.00 level and is currently trading 20% higher to $55.00. On the downside, there is a major bullish trend line in place with support at $48.00 on the 7-day chart of the BTCP/USD pair.

Therefore, bitcoin private price remains supported on the downside near the $50.00 and $48.00 levels. As long as the price is above the $48.00 support, it could continue to move higher.

On the upside, an initial resistance is near the $60.00 level. A successful close above the stated $60.00 resistance may perhaps open the doors for a push above $65.00 or even $70.00.

Overall, the current price action is very positive for BTCP and its price remains in an uptrend above $48.00.

Trade safe traders and do not overtrade!

The post Bitcoin Private Price Spikes 20%, More Gains Possible? appeared first on Ethereum World News.

Powered by WPeMatico

Ethereum Price Analysis: Don’t Miss This Bullish Correction!

Ethereum is gaining further traction on its bullish run, but it could need more support from buyers on a correction. Price is hitting resistance around $645 and the Fib tool shows that the 50% retracement level lines up with potential support.

The 38.2% Fib is located at $588.30 and the 50% level is at $570.56. The 61.8% Fib is at $552.82 and the line in the sand might be the 78.6% Fib at $527.52.

The 100 SMA is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. This suggests that the uptrend is more likely to resume than reverse. In addition, the gap between the two moving averages is widening to indicate strengthening bullish momentum.

The shorter-term SMA lines up with the 38.2% Fib to add to its strength as a floor while the 200 SMA is closer to the 61.8% retracement level and trend line.

Stochastic is on the move down to indicate that buyers are taking a break and letting sellers take over from here. However, the oscillator is nearing oversold levels to show that a return in buying pressure is due.

Sentiment in the industry has picked up significantly over the past few days as the tax season ended. This likely led to investors reopening their positions after recently crunching the numbers on their dues. Breaks past significant barriers also likely drew more buyers in.

Besides, news on regulation hasn’t quite made huge dents on ethereum price lately as traders focus on the positive developments. This includes the IMF’s more open-minded stance on cryptocurrencies and acquisitions in the space.

Another set of positive developments within the week could draw more buyers in and sustain the rise, especially as risk appetite has been present in global financial markets.

The post Ethereum Price Analysis: Don’t Miss This Bullish Correction! appeared first on Ethereum World News.

Powered by WPeMatico

Bitcoin Price Analysis: Riding the BTC/USD Wave Higher

Bitcoin is establishing its uptrend in an ascending channel after breaking past the previously highlighted reversal pattern’s neckline. This confirms that a longer-term climb may be underway after a quick pullback.

Price is currently hitting resistance at the top of its ascending channel, so profit-taking among buyers may be in the works. At the same time, stochastic is indicating overbought conditions and starting to turn south, so bitcoin might follow suit.

Applying the Fibonacci retracement tool on the latest swing low and high shows that the 50% level lines up with the channel support around $7900-8000. The lowest 78.6% Fib is closer to an area of interest or former resistance at $7200.

The 100 SMA is crossing above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. In other words, the uptrend is just about to gain traction from here. These moving averages are also close to the channel support to add to its strength as a floor.

Continuing with the positive developments in the industry, including recent acquisitions and plans by big hedge funds to invest in the space, it has been reported that a company filed a claim against the Reserve Bank of India to challenge its decision to end dealings with cryptocurrencies.

Sentiment in the industry has considerably improved as risk appetite returned to the financial markets in the previous week. The tendency for bitcoin to end up with strong gains for the second quarter of the year has also drawn more buyers in. The end of the tax season has also likely led to reopening of investors’ positions.

The bullish momentum could keep gaining traction from here as more and more reports discuss the return of the bull market in the cryptocurrency arena.

The post Bitcoin Price Analysis: Riding the BTC/USD Wave Higher appeared first on Ethereum World News.

Powered by WPeMatico

As Value Rises, Bitpay Adds Bitcoin Cash Support

The support that Bitcoin Cash seems to be getting recently looks like an unending tale as the altcoin receives support from Bitpay. The latest support ushered by the Georgia based digital asset service provider will now permit dealers to receive BCH for payment through its Pos app.

With the recent update from Bitpay on its Checkout point-of-sale (Pos) mobile app which supports bitcoin cash (BCH), buyers can go into retail store and make payment by generating payment codes with their mobile sets.

While buyers pay with their mobile sets, Checkout allows retailers to also receive payment with their mobile device and store their earning with cryptocurrency in more than 150 currencies.

Checkout features are designed to suite businesses which includes multi-employee checkout, simple tip reporting, optional on-screen tipping, and matching of order IDs inputted from other point-of-sale system.

Years before, the digital asset has been supporting BTC, but its latest support announcement featured BCH, stating that the cryptocurrency will be applied to its Visa card invoice loads.

The development came due to the lasting request from Bitcoin cash fans that an option for settlement of deals in the BCH is added. The addition will now grant Bitpay’s merchants the ability to receive their earnings in BCH and not only in BTC and USD as previously known.

Albeit the latest addition is featuring BCH-improved services, not all businesses who use Bitpay will have access to the development as the company earlier released its Terms of Use,  banning explicit sale of sexual content (porn), ammunitions and restricted goods like drugs, among others.

Bitcoin Cash Value Rise In The Recent Market Comeback.

Toeing with the recent market comeback which features most altcoins value rise, BCH rose unexpectedly among its contemporaries. In the last few days, BCH has proved to be the altcoin to invest in with a pacing value rise which seems like it is heading for the zenith.

While the last seven days of the altcoin’s price was topped with 59.4%, it present day price rose over its 30 days back value with 23.1% and within 24hrs, the altcoin had added 9.6%.

BCH is undoubtedly moving northward with no obstacle impeding its ways.

The post As Value Rises, Bitpay Adds Bitcoin Cash Support appeared first on Ethereum World News.

Powered by WPeMatico

VeChain Foundation Announces Partnership with INPI Asia: Nanotech Digital Identity Solutions

According to a post on Medium, VeChain Foundation has declared that it is partnering up with INPI Asia – firm that provides advancements and improvements when it comes to digital identification by utilizing combinations of nanotech.

VeChain Foundation is the responsibility taker when it comes to turning on the radar and finding pathways on how the VeChainThor platform can reach higher capabilities. That is through [as described in the post] approaching best product and solution makers.

When appropriately used, INIPI ASIA can disrupt the current dynamic of the RFID/NFC/QR Code dominant market.

“NDCode – [the solution provided by INIPI Asia] adds to the Internet of Things market by:

  1. Adding nano identification to products enabling a new world of connected “THINGS ”
  2. Enabling a security level with photonic property
  3. Bringing a truly endless life cycle to digital identification
  4. Opens untapped scalability potential and cost efficiency”

VeChainThor

Using the VeChainThor Blockchain platform, the layers of security and value verification added by INPI ASIA and VeChain can by verified for their history and origin while not being able to be altered.  In addition fraudulent changes and movements can be detected using the VeChainThor blockchain.

“This solution enables maintenance of public auditing while preserving privacy as well as promotes transparency for public users on behalf of enterprises and government bodies.”

For the time being, VeChain [VEN] is trading at $3.95 with 2.99% gain in the last 24-hours and leading the Bitcoin market by 1.15% on April 22.

The post VeChain Foundation Announces Partnership with INPI Asia: Nanotech Digital Identity Solutions appeared first on Ethereum World News.

Powered by WPeMatico

Trade Group Asks U.S SEC Not to Classify Ethereum as a Security

As the U.S SEC works to classify and regulate cryptocurrencies, ICOs, and related businesses proponents are arguing their case for softer regulation for Ethereum.

The Venture Capital Working Group consists of lawyers and representatives from venture capital companies Andreessen Horowitz and Union Square Ventures. The group met with officials at the U.S Securities and Exchange Commission (SEC) on March 28th, 2018, to discuss initial coin offering (ICO) tokens, but its since been revealed the group put forward a specific case for the classification of Ethereum.

According to reports, the venture capital group made a plea for the agency to provide “safe harbour” to certain cryptocurrencies. It argued that Ethereum “has become so decentralized that it should not be deemed a security.”

Under U.S law Ethereum does have many of the characteristics of a security, however the group’s proposal argued that tokens should not be considered securities if the network behind them achieves “full functionality” or full decentralization. Full decentralization occurs when a token creator no longer controls the network.

Andreessen Horowitz and Union Square Ventures are heavily invested in cryptocurrencies. Andreessen backs a number of ICOs and the exchange Coinbase. Union Square Ventures holds stakes in Protocol Labs and cryptocurrency hedge fund Polychain Capital. Both firms also contributed to a recent round of funding for the CryptoKitties ICO.

Using their combined influence via the Venture Capital Working Group the two companies asked the SEC to classify more ICOs as utility tokens rather than securities, or investments.

SEC Chairman Jay Clayton believes that most ICO tokens are securities and that ICO issuers should comply with significant regulatory restrictions. Clayton gave an example of the difference between utility tokens and those that should be securities in a recent speech:

“For example, a token that represents a participation interest in a book-of-the-month club may not implicate our securities laws, and may well be an efficient way for the club’s operators to fund the future acquisition of books and facilitate the distribution of those books to token holders. In contrast, many token offerings appear to have gone beyond this construct and are more analogous to interests in a yet-to-be-built publishing house with the authors, books and distribution networks all to come.”

Reports state that the arguments failed to sway the SEC and it’s as yet unclear as to whether the SEC will continue to classify Ethereum as a security, based on its origins from an ICO, or whether it will view Ethereum based on its current characteristics.

The post Trade Group Asks U.S SEC Not to Classify Ethereum as a Security appeared first on Ethereum World News.

Powered by WPeMatico

Genesis London Conference: Study Shows Ethereum is More Decentralized Than Bitcoin

At the Genesis London blockchain conference held in February by Binary District, Cornell professor, cryptocurrency expert, and computer scientist Emin Gün Sirer said in an interview that a study done by prestigious university Cornell has shown the Ethereum blockchain network is currently more decentralized than bitcoin. Ever since the debut of Ethereum in 2015, false

The post Genesis London Conference: Study Shows Ethereum is More Decentralized Than Bitcoin appeared first on CCN

Powered by WPeMatico

The Case For Bitcoin Cash (BCH) Is Still Strong

Bitcoin Cash (BCH) was forked from the Bitcoin blockchain on August 1st, 2017 and has since shown some promise in the markets. This was after the network congestion on the Bitcoin network had reached frustrating levels with some taking upto 4 days to complete. The added fees needed to complete BTC transactions were ridiculously reaching $28 in some cases.

Since hitting the crypto-markets, BCH has rallied twice. The first time, BCH did amazingly well in less than 24 hours. This was on November 12th when it reached levels of $2,426 from previous day levels of $950: an increment of 155% after which its value settled around the $1,000 mark.

Another amazing rallly of BCH was on December 20th when it was added on Coinbase. On that day, it peaked to levels of $4,400 from $1,800 levels less than three days earlier. This time round, BCH did 144% in gains. This event was then marred by controversy about insider trading at Coinbase leading to BCH fading away in terms of ‘buzz’ in the crypto-verse.

Recent value of the coin before the April 12th market surge, put BCH at approximately $650. It has since risen to current levels of $1,195 at the moment of writing this and almost doubling in value in less than two weeks.

So why is BCH still strong in the Markets?

Firstly, more and more miners are embracing BCH for it is proving to be more profitable as it becomes popular in the markets. BCH is now available in 276 exchanges but still 124 less than those that offer Bitcoin.

Another reason why BCH is more profitable to mine, is the software upgrade that happened in May 2018. This is the first in a chain of scheduled upgrades that were announced late in 2017 by several developer groups that are keen to push for BCH as an alternative to BTC. The current upgrades allow for on-chain scalability by adjusting the blocksize limit with an increased default of 8MB. Also, new transaction signatures together with a new difficulty adjustment algorithm, provide added security for the coin.

In conclusion, Bitcoin Cash (BCH) could be headed to greater heights in the markets as the project continues to evolve and adoption continues to increase. Another driving force for the coin, is the passionate believers of its capability found within the BCH community.

The post The Case For Bitcoin Cash (BCH) Is Still Strong appeared first on Ethereum World News.

Powered by WPeMatico