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New VIP improvements make BitStarz the new Mecca for highrollers!

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BitStarz

BitStarz is attracting more big players than ever, and here’s why. Having a bunch of big winners in the casino is cool and all, and BitStarz has never had so many of them from separate players as in the past few weeks.

But let’s face facts. Any casino can be lucky enough to have a big winner, and after all, the casino is mostly about luck. As we cannot pull a magic lever to ensure players win, our resources and time are put into various areas where improvements actually can be made, all in order to enhance the VIP experience.

It’s all about the VIP Treatment

In the past weeks, BitStarz has done major changes to the casino in order to create the perfect environment for the biggest of players, and the amendments are really attracting some major ones. We’ve removed the max cash out limit, which means the players can withdraw all their winnings immediately, and thanks to our 10-minute average cash out time, they’re getting all their winnings with lightning speed.

They’re also assigned a Senior VIP Manager with over 10+ years’ experience in the industry, available 24/7 via phone, email, and WhatsApp. Someone that doesn’t just know the industry inside and out, but who’s also a great guy to be around.

On top of that. Tailored reward plans based on multiple variables and increased bet limits on both slots and table games are also reasons why high rollers from around the world flock to BitStarz.

Major wins cashed out immediately

To give one example of some recent big wins, one of the VIPs landed a 62.4 BTC win in a single spin on Fire Lightning and went on to win 45.84 BTC on Platinum Lightning Deluxe and then 69.19 BTC on Brave Viking. If you add all this together, that’s over $730,000, and how long did it take for him to receive the money from the time he requested a cash out later? 5 minutes.

The cornerstone of BitStarz Casino is fairness and integrity, and if you’ve won money in the casino, you should be able to get all your winnings out immediately. No stalling, no restrictions per week or month, no complications. This and the reasons above send a clear message – if you’re looking for a fair casino and a true VIP experience, look no further than BitStarz.

Offering what players actually care about

BitStarz, Srdjan Kapor – BitStarz Marketing Manager – commented:

“As many of us are players, it was a simple matter of just putting ourselves in their shoes and asking what we care about the most when we play. As a result, these major changes were put into place, and it’s extremely clear that this has been very widely appreciated among the VIPs!”

www.bitstarz.eu

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Bitcoin

Japan Eyes Cryptocurrencies as it Toughens Money Laundering Laws

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Japan

Last year authorities arrived at cryptocurrency exchange operator FSHO’s one-room office in a Yokohama business district for an on-site inspection. They discovered multiple suspicious transactions.

The company had overlooked numerous transactions over a short period of time in which the same client converted large amounts of digital currency to cash, a person familiar with the investigation said. Japan’s financial regulator, fearing that the funds had found their way to illicit actors, later declined the operator’s bid to become a registered exchange, the first such rejection.

The Financial Services Agency is stepping up its countermeasures for money laundering, and that includes taking a hard look at cryptocurrency exchanges. Japan’s anti-money laundering regime will undergo an inspection by an intergovernmental body this fall, and the FSA is eager for a good review.

The issue is also expected to be taken up at the G-20 meeting this summer. As the chair of this year’s gathering, Japan does not want to fall behind other countries in implementing policies.

To ensure the country’s financial security framework is in working order, the FSA is taking aim at cryptocurrency exchanges that do not adequately confirm their clients’ identities or offer anonymous transactions, as well as at banks and other traditional financial institutions.

It has been 10 years since the birth of bitcoin, and during that time the digital currency’s value has fluctuated wildly. Security remains an issue. Last May hackers stole $41 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges.

Now there are more than 2,000 cryptocurrencies. They have drawn acclaim as a next generation payments solution, thanks to the conveniences they offer, like remitting money across national borders without going through banks. But that ease of use means they can be used for illegal transactions and money laundering.

A panel of experts in March reported to the U.N. Security Council that North Korea used cyberattacks and blockchain technology to steal digital currency. They estimated that North Korea has successfully attacked Asian cryptocurrency exchanges at least five times, acquiring $571 million.

“Cyberattacks involving cryptocurrencies provide the Democratic People’s Republic of Korea with more ways to evade sanctions given that they are harder to trace, can be laundered many times and are independent from government regulation,” the panel wrote.

In April 2017, Japan became the first to introduce a registration system for cryptocurrency exchanges. Until then, there were no real rules governing exchange operators, but the government started putting regulations in place to combat money laundering.

Such countermeasures are a topic of global discussion. They are now under the purview of the Financial Action Task Force, a product of the 1989 G-7 summit. The intergovernmental FATF has a strong influence on the development of regulations and practical implementation of money laundering measures.

In October, its rules were changed such that money laundering regulations could also be applied to cryptocurrency exchanges. The change also called on member countries to develop licensing and registration systems, and to put in place measures that allow for monitoring.

The FATF’s investigatory body will come to Japan this fall to assess domestic money laundering laws. It is expected to look at cryptocurrency exchange operators, banks and credit unions, according to a senior FSA official, so there is a pressing need to develop countermeasures.

Exchange companies are being asked to clearly explain what steps they are taking to prevent money laundering.

In Japan, exchanges came under the microscope after the theft of about 58 billion yen worth of cryptocurrency from Coincheck in January 2018. In June of that year the FSA took the unusual step of issuing business improvement orders to six other operators, citing insufficient money laundering countermeasures and other practices. In some cases, identity verification was insufficient, and clients were allowed to register post office boxes as personal addresses.

Japan has, at times, struggled to deal with money laundering. In its 2008 report, the FATF gave Japan its lowest possible rating in regard to financial institutions identifying their clients. In its statement, the group singled out Japan as having an insufficient legal framework.

For the FSA, the inspection this fall is a chance to expunge that blemish. “One company’s problem can’t help but affect the whole country’s evaluation,” said an official. “We’ll continue with the on-site inspections, and we’ll make sure everything is sound.”

Ahead of the inspection, the G-20 next month is expected to discuss international regulations for cryptocurrencies. Japan will chair the G-20 summit in Osaka. The topic of initial coin offerings, a form of fundraising using digital currencies, could come up. While China and South Korea have banned ICOs, Japan continues to regulate the schemes.

Already, cryptocurrency exchanges are relocating to countries with looser regulations, like the Mediterranean country of Malta.

As the global cryptocurrency playing field shifts, the need for international coordination will only grow.

Source: asia.nikkei.com

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1xBit- btc betting at any convenient time

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Now, winning of cryptocurrency is a matter of just a few minutes, as many fans have already managed to see in practice.

Today, everyone has an opportunity to appreciate the benefits of the innovation by the 1xBit – btc betting. First of all, it provides a chance to make forecasts in a convenient format, as well as to receive rewards in digital assets, the value of which is rapidly increasing in modern conditions.

Mining is becoming more difficult, and therefore the cost of assets increases. Sports betting with cryptocurrency is a revolutionary offer from the professional company. You can earn not only thanks to your accurate forecast, but also the difference in coefficients. This is an additional motivation to try your hand at this bookmaker office.

It is worth noting that btc betting by 1xBit is available only to adult users. The line of events includes confrontations from the world of dozens of sports. Moreover, their number is rapidly increasing. The most popular sports among fans are:

  • football;
  • basketball;
  • hockey;
  • tennis;
  • volleyball;
  • boxing.

All of them are presented in detail on the proven platform. Now, you need to do just a couple of clicks to discover them and start earning cryptocurrency solely by implementation of your knowledge in practice.

The company is always ready to meet the needs of its registered users and provide them with only the best conditions for long-term cooperation. In case of any questions, the representatives of the support service are always ready to answer them. You can contact them at any time of the day or night.

Bitcoin casino by market leaders

The bookmaker’s office became popular not only due to the advantages listed above, but also because it has the bitcoin casino http://www.1xbit.com among other things. There you will find a lot of entertainment to suit every taste. It is enough to make one successful bet in a roulette or to have a winning poker game so that your income will increase several times. High odds for all event actegories are a distinctive feature of this company, which allows it to feel as confident as possible in this market segment.

Everyone who completes the registration procedure and replenishes their account balance will be able to appreciate the benefits of the casino with bitcoins. By choosing cooperation with this office, you absolutely certainly do not risk anything, because the company has been in this market segment for several years already, and it is here that fans get unique opportunities for stable earnings.

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Huobi Makes Bitcoin Pizza Day Huobi Prime Day With Up To 50% Off Bitcoin & Prime 3 Launch

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Bitcoin price

Nearly nine years ago on May 22, 2010, Florida-based programmer Laszlo Hanyecz made crypto history when he managed to exchange 10,000 Bitcoins with another early Bitcoin enthusiast for two pizzas. With BTC worth $0.003 at the time, those pizzas cost him about USD $30. Under today’s prices, they would be worth well over USD $70 million and Bitcoin Pizza Day has become a well-loved crypto community tradition.

Huobi Global will honor that tradition on May 22 with a range of initiatives, including the launch of Reserve Protocol’s Reserve Rights Token (RSR) through our premium coin launch platform Huobi Prime. We will also be hosting a special sale of Bitcoin featuring prices discounted up to 50% off market value*.

“Bitcoin Pizza Day is Prime Day this year,” said Huobi Global CEO Livio Weng on the BTC promotion. “Things started as a joke that we were going to list Bitcoin through Prime but then I kept thinking, what better way to mark Prime 3 and celebrate Pizza Day? Let’s actually do this!”

Huobi Prime Day will be offering 50% off BTC on Prime

Huobi Prime Day will be offering 50% off BTC on Prime

Pizza Day Promotions:

Huobi will be providing 1.5 million* USDT-worth of Bitcoin to users in two special trading rounds on May 22, starting at 18:00 (GMT +8). In the first round, 20% of the total Bitcoin supply will be offered to users at 50% off market price*. In the second, the remaining 80% of Bitcoin will be provided to users at 12% off market price*. While the first round will be first-come, first-served, in the second, all qualified orders will be partially filled via adjusted system matching. “To put it another way, all qualified users in our second round will get at least some of the BTC they seek,” said Ross Zhang, Head of Marketing for Huobi Group. “I do want to warn people, though – we expect demand to be very high, so you’ll have to be lucky and quick in the first round. Also, anyone who goes into the second expecting his or her entire order to be filled may need to adjust their expectations.”

There are several ways to qualify. Users who hold at least 1000 Huobi Token (HT), our native token on Huobi Global, over the seven days leading up to launch (May 15 to May 21) are eligible to participate. Users who have a daily average holding of 20000 or more USDT or the same value of in BTC, NEW, TT, or TOP can also take part.

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Why Is Bitcoin Surging?

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Secure Token

Bitcoin has more than doubled this year. That simple fact has enthusiasts cheering on its resurgence, even if no one can quite pinpoint why it’s rallying.

Indexica, an alternative data provider, built a custom index based on natural language processing of thousands of textual documents to try and explain Bitcoin’s 28% run-up throughout the month of April. What they found pointed to a coming of age for the cryptocurrency.

Their findings showed three main drivers: a more complex conversation surrounding Bitcoin, fewer concerns about fraud and a shift in the tense of how Bitcoin is talked about from the past to the future.

The higher quality discourse suggests that more academics and financial professionals are discussing the cryptocurrency and that institutions may be taking it more seriously as an asset class. Fidelity Investments will buy and sell the world’s most popular digital asset for institutional customers soon, according to a person familiar with the matter.

Indexica’s study also showed that the tense of the conversation changed last month. Futurity, a measure showing that discussions tend to talk about what’s going to happen as opposed what has already transpired, showed up as a major driver for the coin’s price last month for the first time on record.

Zak Selbert, chief executive officer at Indexica, says the futurity of Bitcoin is systematic and a characteristic often seen among stocks. Futurity also tends to indicate positive price moves in the future.

“Think about it, executives will speak of good things they expect to happen on conference calls before they happen,” said Selbert. “They only mention mistakes afterwards.”

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Price Analysis: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Binance, Stellar, TRON

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Cryptocurrency Exchanges

Though cryptocurrencies are not strongly correlated to any asset class, the sharp fall in U.S. stock prices due to the escalation of trade war between the U.S. and China is providing an added impetus to crypto prices. While many traders milk the volatility of the crypto markets, about 12% of the crypto traders stay invested for the long term, according to a survey by HBUS.

While the stage is being prepared for institutional investors, mass adoption of cryptocurrencies is another important factor for long term growth of the asset class. Two companies, Starbucks and Facebook, have been in the news for the past few months on rumors of their involvement with cryptocurrencies.

While Starbucks is expected to start accepting Bitcoins at its retail stores, Facebook is likely to launch its own cryptocurrency named FB Coin, which is a stablecoin. Though the actual details are sketchy, these companies have massive reach among retail customers and their arrival will boost crypto adoption among the masses.

These fundamental developments are pointing towards the growth of the asset class. However, the question remains on which cryptocurrency will be the major beneficiary. Michael Novogratz, CEO of Galaxy Digital,  believes that Bitcoin will only be treated as a store of value and other networks will grab attention with their use cases.

BTC/USD

Bitcoin (BTC) is skyrocketing.  The pace of the rally has surprised us. It has scaled above the overhead resistances with ease. This shows that the bulls have continued to buy on every rise without waiting for a dip. While this is a positive sign, the pace of rise is unlikely to sustain for long. Traders can trail the stops on the remaining long positions at $7,100.

The next level to watch on the upside is $8,496.53 and above it, the move can extend to $10,000. It is difficult to predict where the rally will stall. Therefore, traders can keep trailing the stop loss to protect their paper profits. The next pullback is likely to be sharp and deep.

Both the moving averages are trending up, which shows that the bulls are firmly in the driver’s seat, but the RSI has risen deep into overbought territory. This suggests that the traders are chasing the price higher and the pair is vulnerable to a pullback. On the downside, the BTC/USD pair might find support at $6480.54 and below it at the 20-day EMA. This will indicate strength and signal the end of the bear phase.

On the other hand, if the bears sink the digital currency back below $5,900, it will dampen sentiment.

ETH/USD

Ethereum (ETH) soared on May 11 to above $200, but the bulls could not sustain the rally. After that, the attempt by the bears to plummet the price back into the triangle failed. Currently, the bulls are again trying to sustain above the $200.

Both the moving averages are sloping up and the RSI is near the overbought zone. This shows that the bulls are in command, but we are yet to see a sustained up-move. The targets on the upside are $225 and above it $256.

However, if the ETH/USD pair picks up momentum, it can surprise to the upside and rally to $300. Our bullish view will be invalidated if the bears sink the pair back into the triangle. For now, the stop loss on the existing long positions can be kept at $160.

XRP/USD

Though Ripple (XRP) is still in the range, it is pointing to a breakout. If the bulls succeed in pushing the price above $0.33108, it can rally to $0.37835. The digital currency is likely to pick up momentum above this level. We will wait for the price to sustain above $0.33108 before proposing a trade in it.

The levels to watch on the upside are $0.45 and above it $0.60, with a minor resistance at $0.5650. Contrary to our expectation, if the XRP/USD pair fails to break out and sustain above $0.33108, it will remain range bound between $0.27795 and $0.33108. The trend will turn negative on a breakdown below $0.27795.

BCH/USD

Bitcoin Cash (BCH) soared above the range on May 11, which is a positive sign. We like the way the bulls held the price above the previous resistance-turned-support of $335.62. The 20-day EMA has turned up and the RSI has reached the overbought zone. This shows that the bulls are in command.

The BCH/USD pair can now rally to $424 and above it to $500. Our bullish assumption will be negated if the pair breaks down of the support at $335.62 and re-enters the range. The trend will weaken if the bears sink the price below the 20-day EMA. In such a case, the price will remain range bound between $255 and $335.62.

LTC/USD

Litecoin (LTC) surged above $91 on May 11 and 12 but it could not close above the resistance level. The pullback from this level was shallow as the digital currency found support at $83.653. The bulls are again trying to scale above the overhead resistance at $91.

A breakout and close will complete the bullish cup and handle pattern. This has a target objective of $158.91. Traders can buy the LTC/USD pair on a breakout and close (UTC time frame) above $91. The stop loss can be kept at $70, which can be raised later. Please keep the position size about 50% of usual as the risk of a pullback is high.

Contrary to our assumption, if the pair turns down from $91 and plummets below the 20-day EMA, it can drop to $70. The pair will turn negative on a breakdown of $66.470.

EOS/USD

EOS turned around from just above $4.4930. The bulls quickly propelled the price above the uptrend line and the 20-day EMA. There is a minor resistance at $5.50, above which a move to $6.0726 is probable.

On the contrary, if the EOS/USD pair fails to sustain above the overhead resistance at $5.50, it can remain range bound between $4.4930 and $5.50 for a few days. It will turn negative on a breakdown and close below $4.4930. We do not find a buy setup that gives us a good risk to reward ratio at current levels, hence, we do not recommend a trade in it.

BNB/USD

Binance Coin (BNB) reversed direction from just below $18 and rallied above both moving averages and the uptrend line of the wedge. This is a bullish sign as it invalidates the breakdown of the wedge.

The bulls are attempting to push the price towards lifetime highs. A breakout and close above the lifetime highs will be a bullish sign. We might suggest a long position if the price sustains such highs.

Conversely, if the bulls fail to break out of the new highs, the BNB/USD pair might remain range bound for a few days. The trend will turn bearish on a breakdown of $17.50.

XLM/USD

Stellar (XLM) is trying to pull back, but is facing resistance at the moving averages. If the bulls push the price above the 50-day SMA, it can move up to $0.12039489. The long-term downtrend line is located at this level. We expect the bears to offer a stiff resistance at this point.

On the other hand, if the XLM/USD pair fails to breakout of the moving averages, it can slump to $0.08641170 and below it to $0.080. Both the moving averages are flattening out and the RSI is just below the midpoint, which suggests a consolidation in the short term. As the price is still quoting below both the moving averages, we will wait for it to form a reliable buy setup before proposing a trade in it.

ADA/USD

Cardano (ADA) reversed direction from $0.057898 on May 10 and broke out of the downtrend line on May 11. It has been facing resistance at $0.080 for the past two days. Both the moving averages are flat and the RSI is just above the midpoint. This suggests a range formation in the short term.

If the ADA/USD pair sustains above the 50-day SMA, it can move up to $0.094256. This might act as a stiff resistance but, if scaled, it will complete a reversal pattern that has a target objective of $0.161275. Traders can buy a breakout and close (UTC time frame) above $0.094256. We will propose a stop loss when the trade triggers.

Our assumption will be invalidated if the pair turns down and breaks below $0.057898. In such a case, a drop to $0.040 is probable.

TRX/USD

Tron (TRX) remains stuck in the $0.02094452–$0.02815521 range. It has not participated in the current recovery, which is a negative sign. Both the moving averages are flat and the RSI has been hovering below 54, which suggests that the bears have a slight advantage.

As the TRX/USD pair has been range-bound for the past few months, a breakout of it will signal the start of a new uptrend. Therefore, we maintain our buy recommendation given in an earlier analysis. However, if the pair turns down and breaks below $0.02094452, it can plunge to the critical support of $0.0183.

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Analytics: BTC, ETH, BCH, LTC and XMR

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Napston

Bitcoin has been the main attraction in the past week, as it has scaled every stiff hurdle with ease. The rally has helped its market dominance hit levels not seen since December 2017. After a long time, the traders have focused on the positives and have disregarded the negative news. This shows that the sentiment is bullish.

A rally being led by the largest cryptocurrency is a bullish sign. Some believe that the upward move is a result of increased activity by institutional players. While we are surprised by the pace of the rally, we believe that this is not sustainable and a repeat of the previous bull market is unlikely. Bitcoin will soon enter a consolidation or a minor correction that can be used as a buying opportunity.

The recovery in cryptocurrencies has enabled projects to source funds easily. Bitfinex has received hard and soft commitments for its $1 billion initial native exchange token offering. Similarly, blockchain equity loan platform Figure, backed by Morgan Creek has sealed a $1 billion “uncommitted” financing facility via blockchain.

Will bitcoin pull the altcoins higher, or will the altcoin rally indicate that the retail crowd is jumping in and a short-term top is close by? Let us see what the charts of the top five performers of the past seven days project.

BTC/USD

Bitcoin (BTC), with its scintillating run, is back in the limelight. One of the world’s top cryptocurrency exchanges, Binance, was hacked and 7,070 in bitcoin was stolen from its hot wallets. However, the hack did not rattle the markets as it continued its uptrend after a brief pause. When markets do not correct on negative news, it is a bullish sign.

Galaxy Digital CEO Michael Novogratz expects the lifetime highs to be scaled within the next 18 months. Financial advisory firm Canaccord Genuity also arrived at a similar conclusion based on their studies: they expect bitcoin to hit $20,000 by 2021. Tim Draper, however, is even more bullish, as he expects Bitcoin to reach $250,000 by 2023.

However, we suggest traders not to get carried away by these lofty targets. Let’s see what the charts project.

BTC/USD

The BTC/USD pair is easily breaking out of the overhead resistances. We were expecting the recovery to pause in the zone of $6,000 to $6,480.54, but the pair easily crossed this zone. It has a minor resistance at $6,850, above which the rally can extend to $7,500 and if that level is also crossed, it can move up to $8,500.

However, the sharp rally has pushed the RSI on the weekly charts into the overbought zone for the first time since early January 2018. This shows that the rally has been persistent and strong.

Any dip will find support at $5,900 and below it at $4,900 levels. The next fall might form a higher base and be the last opportunity to buy before the cryptocurrency enters a sustained long-term uptrend.

ETH/USD

While ether (ETH) volumes on decentralized applications (DApps) hit a new high, the number of new DApps deployed on-chain is at a low, close to 2017 levels, according to crypto analytics firm Diar. Over the next 12 months, the Ethereum Foundation plans to spend $30 million for various projects across the ecosystem. Helped with a donation of $1,000 Ether each by Joseph Lubin, Vitalik Buterin, ConsenSys and the Ethereum Foundation, the Moloch decentralized autonomous organization’s total funds have reached $1 million.

An unidentified official of the US Commodity Futures Trading Commission said that an Ether-based futures product might receive the approval of the regulator if it meets the requirements. Can these bullish developments propel the cryptocurrency higher?

ETH/USD

After defending the breakout level of $167.20 for the past four weeks, the bulls are attempting to resume the uptrend. This is a positive sign. The breakout of the ascending triangle can push the price to $256.08, above which a move to $300 is probable.

The ETH/USD pair might face some resistance at the 50-week SMA, but we expect this level to be scaled.

Our bullish view will be negated if the bears reverse direction from the current levels and sink the pair back into the triangle. Such a move will invalidate the breakout of the bullish pattern, which is a bearish sign.

BCH/USD

More than 50% of transactions in bitcoin cash (BCH) are being generated from a single account. These are small transactions in value but are being done on a regular basis — about three to four transactions per second. Some believe that this is being done to make the network look busier than it is, while others speculate that it is being done for a test. Nevertheless, all eyes will be on the forthcoming upgrade of the network on May 15.

BCH/USD

The BTC/USD pair has been trading in a tight range of $255 to $335.62 for the past four weeks. The attempt by the bears to breakdown from this range failed, as the bulls purchased the dip to the 20-week EMA.

Currently, the bulls are attempting to ascend the overhead resistance zone of $335.62 to $363.3. If this zone is scaled, the pair is likely to move up to $600. Though there is a minor resistance at 50-week SMA, we expect it to be crossed. Traders can buy above $370 and keep a stop loss of $260. Please use only 30% of the usual position size for this trade: if the cryptocurrency struggles to breakout of $400, traders can quickly raise the stop loss to reduce the risk.

Our bullish view will be invalidated if the price reverses direction from the overhead resistance and plummets below the 20-week EMA.

LTC/USD

A new version Litecoin Core 0.17.1 was released which brings in new features, bug fixes, performance improvements and more. Will the bullishness in bitcoin rub off on litecoin? Let’s find out.

LTC/USD

The LTC/USD pair has formed a cup and handle pattern, which will complete on a breakout and close above $91. This will have a minimum target objective of $158.91, but the momentum can carry it to $172.647 levels. The traders can buy on a breakout and close (UTC time frame) above $91 and keep a stop loss of $65. The moving averages have completed a bullish crossover and the RSI is in the positive zone, which suggests that the bulls are in command.

Still, please keep the position size only 50% of normal: let’s keep our risk under control.

Our bullish assumption will be negated if the price fails to breakout and sustain above $91 and drops below $65. In such a case, a fall to $40 and lower is possible.

XMR/USD

Cybercriminals are finding new ways to exploit the vulnerability CVE-2019-3396 in Confluence, a widely used collaboration and planning software, according to a report by security intelligence firm Trend Micro Inc. Monero (XMR) is the fifth best performer of the past seven days. Can it improve its performance over the next few days? Let us find out.

XMR/USD

The XMR/USD pair has been consolidating for the past five weeks, and has a stiff resistance at $81. The 50-week SMA is also located just above this level. Hence, we anticipate this zone to act as a stiff hurdle for the bulls.

But if the bulls breakout of the 50-week SMA, it will signal strength and can gradually move up to $120 and above it to $150. Conversely, if the bears sink the pair below $60, it can retest the lows at $38.5.

Traders can wait for the price to breakout and close (UTC time frame) above $81 to initiate long positions. The initial stop loss can be kept at $60, which can be trailed higher as the cryptocurrency moves northwards.

The market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

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HitBTC Exchange Analytics: ATOM, DASH, MIOTA, BTC, BCH

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Cryptocurrency Wallet

While markets have looked bullish this week following a sharp surge May 3, traders need to watch out for a correction in the next few days. This pullback will shake out the weak hands and will differentiate between different digital currencies. While some will lose only a part of their recent gains, others will plunge towards their lows again.

The stronger ones are likely to lead the next bull market in cryptocurrencies. Therefore, traders should buy strength after the pullback ends. If our assumption is correct, the current fall should offer a great opportunity to buy for the long-term. Our view will be invalidated if cryptocurrencies give up all the gains made over the past few weeks.

A survey by financial consultancy firm DeVere Group shows that 68% of high-net-worth individuals across the globe will have invested in cryptocurrencies by the end of 2022. One of the major reasons for investing in cryptocurrency is their borderless nature, which makes the assets available across the globe.

ATOM/USD

Atom (ATOM), the native crypto asset of the Cosmos blockchain, made an impressive start as it made a place for itself among the top 15 cryptocurrencies by market capitalization within a very short span of time. Its price received a boost as it was listed on Binance, without even trying. However, while the initial response has been bullish, can the momentum continue in the best performing major cryptocurrency of the past week or is it time to take some chips off the table? Let’s take a look.

ATOM

The ATOM/USD pair has a very short trading history; hence, we are using a daily time frame chart on it. The pair witnessed huge volatility on its listing day. From a high of $8.90 on April 22, it plunged to a low of $2.9277 on April 24. That was a drop of 67.10%. However, since then, the recovery has been sharp. The price has reached close to the 38.20% Fibonacci retracement of the recent fall. A rally above this resistance can push the price to $5.9139, which is the 50% retracement level.

The level between $5.9139 to $6.6186 will act as a stiff resistance. Any breakout of the 61.80% Fibonacci retracement can propel the digital currency to $8.90. However, if the price turns down from the current levels, it can drop to the next support of $3.60.

DASH/USD

The recovery in market prices pushed the mining hashrate of Dash (DASH) to an all-time high of 3.2385 petahashes on April 19, bettering its previous record of 3.237 petahashes set in early November 2018. It has since then again improved on the record to 3.8957 petahashes on May 2.

In order to solve the issues faced by Dash merchants, Dash Retail has released a merchant transaction counter for its point-of-sale app and a conversion rates API to provide accurate conversion rates to fiat currencies.

DASH

The DASH/USD pair corrected to the breakout level of the range in the week before this past one. We like that the price has sustained above the 20-week EMA since breaking out of it. The bulls are currently attempting to resume the recovery. It will pick up momentum after it breaks out of the overhead resistance between $138.709 and the 50-week SMA. Above this zone, the pair can rally to $225.

On the other hand, if the digital currency reverses direction and plunges below $103.261, it will re-enter the range. This will weaken it and can result in a fall to the yearly low.

MIOTA/USD

Car manufacturer Jaguar Land Rover will reward drivers by giving them MIOTA tokens for data reporting. These tokens can thereafter be redeemed for various products. The Austin Transportation department in the city of Austin, Texas has collaborated with Iota Foundation to work towards a more interoperable transportation ecosystem.

IOTA

The MIOTA/USD pair has been range bound between $0.244553 and $0.385033 since the end of December last year. The bears attempted a breakdown of this support in the week before but failed. Buyers quickly pushed the price back in the range. However, the pair is facing resistance at the 20-week EMA. If the price can scale above this resistance, it will challenge the top of the range at $0.385033.

A breakout of the range is likely to start a new uptrend that can carry the price to the psychological resistance of $0.50. On the other hand, a breakdown below $0.244553 will sink it to lows. The longer the digital currency remains in the range, the stronger its eventual breakout will be.

BTC/USD

Bitcoin (BTC) prices have risen sharply over the past seven days. Fundstrat analyst Robert Sluymer believes that this is the start of a new uptrend and investors should buy more on any pullback. He expects the price to zoom past $6,000 in the second half of the year.

It is interesting to note that bitcoin’s dominance has increased from about 50% to 55.5% in about a month. This shows that traders are currently favoring bitcoin over other altcoins. More and more people are now aware of Bitcoin and about 11% of the American population has already invested in it, according to a survey by Spencer Bogart of Blockchain Capital.

Grayscale Investments has started a “Drop Gold” campaign where it portrays BTC as an alternative to gold investments. With all these bullish noises, should one buy now or wait?

BTC

The BTC/USD pair has reached the stiff overhead resistance of $5,900. This is a critical level because the pair had repeatedly taken support close to it since February to early November, before breaking below it. Now on the way up, we expect a lot of supply to hit around these levels.

But the price has risen above both moving averages, which is a positive sign. If the bulls can continue the momentum and ascend $5,900, the digital currency can rally to $6,480.54. We do not expect the zone between $6,000 to $6,480.54 to be crossed in a hurry. A minor correction or a consolidation around these levels is likely.

On the downside, support is at $4,914.11. If this level breaks, it will dampen sentiment and can drag the price to the next support at $4,255. Traders who have missed out buying in this recovery can wait for dips to buy, instead of chasing the rally.

BCH/USD

The next hard fork on bitcoin cash (BCH) is slated for May 15. Schnorr signatures, a scaling and privacy code change, will go live on the coin’s mainnet to improve the cryptocurrency’s privacy and scalability.

BCH

Since the surge in early April, the BCH/USD pair has largely been consolidating between $255 and $335.62. The attempt by the bears to plummet below this range in the last week found buyers at the 20-week EMA. Currently, the bulls are attempting to push the price towards the top of the range.

If the pair breaks out of the range and the minor resistance at $363.30, it can rally to the 50-week SMA and above it to $600. The digital currency has a history of vertical rallies; hence, it is likely to surprise to the upside.

Our bullish view will be invalidated if the digital currency plunges below the support of the 20-week EMA. In such a case, a fall to $166.25 is probable.

Market data provided by HitBTC exchange. Charts for analysis provided by TradingView.

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Play CryptoSlots’ New Game for Cash Prizes of up to $1,250

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CryptoSlots

Another game, another cryptocurrency, crypto casino CryptoSlots bring players even more ways to win.  Open Season is their newest release. It boasts bright hunting graphics and bonus extras that pack a punch for online slot hunters. Players trigger big wins by shooting down Free Spins and scoring Mystery Cash Bonuses of up to $1,250.

CryptoSlots is perfect for online players who want to make their gaming easier with cryptocurrencies. Signing up takes seconds – a nice change from the lengthy details required by many casinos online.

Use bonus code MATCH133CTRAFFIC now to match your 1st deposit by 133%! *

This new game coincides with the addition of Monero as an accepted cryptocurrency. Monero is a gift to players who value the highest level of privacy when using crypto online. Transactions are untraceable, and players enjoy fast deposits & withdrawals. CryptoSlots promises all players security and anonymity whenever they play, however much they win.

This online casino launched in summer 2018, by Slotland Entertainment, and gives players a fully Provably Fair casino. This means that any game result on any game can be externally verified as fair. CryptoSlots wants players to have a secure and sure way to win.

Monero joins Bitcoin, Bitcoin Cash, and Litecoin as a deposit and withdrawal option. Deposits are instant, withdrawals are processed the very next working day. At CryptoSlots transaction fees are minimal so your wins are yours.

There are now 37 unique Provably Fair games – slots, high limit slots, video poker, and the million-dollar winning Jackpot Trigger. These games can be played at no other crypto casino online. Players also collect tickets as they play for the Crypto Lotto, which prizes players with thousands per month.

*Bonus valid for deposits up to $500 and must be wagered 30x. General terms & conditions apply.

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Why Merging Cryptocurrency With Today’s Payment Platforms Should Generate Rising Revenue Streams

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Bitcoin Severely

A report by McKinsey & Company on global banking, projected that global payment market revenues are poised to approach $3 Trillion by 2023. As cryptocurrency payment platforms become more common… that number should rise… but the purveyors of traditional payment methods may have to get over their initial reluctance to this new disruptive technology… or they could miss the boat! A recent article in the Bitcoin Exchange Guide addressed this subject:

“One of the longtime fears that the traditional financial world seems to have about cryptocurrency is its potential for overtaking payment systems. People who are comfortable with the archaic system do not want to see a broader market… However, as the technology behind cryptocurrency and blockchain finds more use cases, the disruption of the current payment system may not be far behind. Active Companies in the industry include NetCents Technology Inc. (CSE:NC) (OTC:NTTCF), Xunlei Limited (NASDAQ: XNET), PayPal Holdings, Inc. (NASDAQ: PYPL), Pareteum Corporation (NASDAQ: TEUM), Riot Blockchain, Inc. (NASDAQ: RIOT).

The report continued: “Lisa Ellis is an analyst with MoffettNathanson… (recently) stated that she believes that cryptocurrency’s global acceptance could change payment systems. To be clear, she does not believe that the big names like Visa, Mastercard and PayPal will be pushed aside anytime soon, but the… idea of crypto replacing (the traditional standards) is worth exploring. Cryptocurrency has this unique quality of remaining independent of any specific country, and the way that it has jumped in as a saving grace to many countries suffering from hyperinflation is a reprieve.

NetCents Technology Inc. (CSE:NC) (OTCPK:NTTCF) (Frankfurt:26N) BREAKING NEWS: NetCents Technology is pleased to announce that it has begun processing cryptocurrency transactions for its first charity partner, HS Aware.

NetCents is a strong believer about being able to invoke change. Change not only on its business side but more importantly throughout our communities with initiatives that positively impact people’s lives. On March 7th, the Company launched its Charity Impact Initiative and we are proud to announce our first charity partnership with HS Aware.

NetCents is providing all registered charities and non-profits free cryptocurrency processing. Any charity that signs up through this initiative is able to accept donations and sell their merchandise and tickets with zero processing fees. Interested charities can visit https://net-cents.com/partners#partners-form to learn more and sign up.

“HS Aware is excited to remain an innovator in the non-profit space by now accepting cryptocurrency donations to fund our future initiatives and events,” stated Maria Goguen, President of HS Aware. “We’ve had a lot of interest to begin accepting donations in crypto to further support the HS community and now through this partnership, we are able to. We are thankful for any and all support members of the community want to give.”

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New French Law Allowing Life Insurers to Offer Investments in Cryptocurrencies

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France

In France a law was recently passed known as the Pacte law (Plan d’action pour la croissance et la transformation des entreprises, Action plan for the growth and transformation of enterprises). It will allow life insurance providers to invest in crypto-currencies and tokens without any limitation on the amount that can be allocated.

Les Echos report that a dual provision of the announced act will allow insurers to invest, this will be done through specialized professional funds, in crypto-assets. FPCIs (Fonds Professionnel de Capital Investissement, Professional Capital Investment Funds) which will also be impacted by the measure.

The Pacte law was passed by the French government this week in the National Assembly allowing the insurers to offer life insurance policies exposed to crypto-monies. They note this is the first type of such a product and will be popular in the country.

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