Bitcoin in Brief Saturday: Coins for Drivers, Prisoners, and Conservationists

Bitcoin in Brief Saturday: Coins for Drivers, Prisoners, and Conservationists

Today’s Bitcoin in Brief features several examples of digital coins entering all spheres of life. A leading German auto manufacturer has revealed its cars may soon be fitted with onboard cryptocurrency wallets. A company now offers crypto payments for inmates in prisons across America. And in South Africa, a new token will support rhino conservationists, while fighting poachers.  

Also read: Bitcoin in Brief: Halting 51% Attacks and Where Now for Ripple?

VW Teams with IOTA to Offer Crypto Wallets in Cars

It’s a trademark of the Cebit expo in Hanover to entertain visitors with ingenious ideas on how to further digitize our world. The crypto ecosphere has become a new source of inspiration for designers and engineers. One of this year’s surprises: German auto manufacturer Volkswagen has revealed a concept model equipped with a cryptocurrency wallet. The car can pay for its carwash and fill up its tank without the driver moving a finger.

Bitcoin in Brief Saturday: Coins for Drivers, Prisoners, and Conservationists

The “Cryptocurrency for the Internet of Things,” IOTA will be embedded in new cars developed by VW. The European automotive giant has announced it wants to integrate crypto technology in its upcoming products. Distributed ledger will be used to handle, store and transfer data between the motor vehicles and their producer, and an IOTA wallet may also be incorporated to facilitate contactless payments using the MIOTA tokens.

The cooperation between IOTA and Volkswagen is based on the Proof-of-Concept of IOTA’s Tangle system for autonomous cars. Tangle can transfer software updates and will be interconnected with Volkswagen’s own smart system “Connected Cars”. Each automobile will receive its own, unique Car ID that will be checked by IOTA’s Tangle. The integration of the wallet software is an option that can be added as well.

Cellblocks Introduces Crypto Transactions in Prisons

Bitcoin in Brief Saturday: Coins for Drivers, Prisoners, and ConservationistsA new digital payment system aims to address some of the issues with monetary systems currently used in US prisons and correctional facilities, like high fees charged by third-party financial institutions, limited access to funds, and waiting times.

Cellblocks, a cryptocurrency designed to be used by inmates, offers a solution that will put money directly into their hands, its creators promise. They say the system provides a fast, efficient, and secure way for families and prisoners to exchange funds.

Inmates will be able to use the cryptocurrency through kiosks that will be installed in the prisons as part of the project. This will allow them to spend their coins in the prison commissary, cover court costs and fees, pay other inmates, and receive money from friends and family. Each user will have a digital wallet to store their funds. Transactions will be made in real time and at minimal fees, the company said in a press release.

The new crypto payment system offers several other benefits over the traditional systems. For example, outside parties won’t be able to withdraw money without the inmate’s consent. Wages and other funds can be easily deposited in wallets through any digital access point, such as a laptop or a smartphone. Wallet holders will have total control over their funds at all times. Last but not least, the cryptocurrency can be cashed in for fiat money when the inmate is released.

‘Rhino Coin’ to Support Conservation and Fight Poaching in South Africa

A “cryptocurrency with a conscience”, as its creators describe it, Rhino Coin aims to generate sustainable income for rhino conservation efforts in South Africa by supporting the legal horn trade and fighting poaching. According to its founders, Alexander Wilcocks and Jacques du Randt, the new crypto, which has been built on ethereum, “attempts to give value to the legal rhino horn by converting it to cryptocurrency in a 1 coin per 1 gram ratio.”

Bitcoin in Brief Saturday: Coins for Drivers, Prisoners, and ConservationistsRhino Coin is meant to “unlock the value of ethically obtained, stockpiled rhino horn, creating a new stream of revenue for conservation”, as well as a trading opportunity for coin holders, local media reported. Wilcocks and Du Randt explained that a holder of the digital token can either trade it or redeem it. Earlier this week, Rhino Coin was selling for around R119 (~$8.8 USD), which represents a 25.26% price increase since the day of its launch, June 7, when it was trading at R95 per coin (~7 USD).

Most of the Rhino Coins will be distributed to conservationists to sustain their operations. Although there are many fundraising projects, very little of the money actually reaches the private conservationists. Around a third of all rhinos in South Africa are currently in private care. Each conservationist will be able to obtain Rhino Coins in return for their rhino horn, which can then be traded. “By providing communities with a better means to receive a sustained income, we hope to lower the benefit and temptation of participating in illegal poaching in the immediate areas,” Du Randt explained.

What are your thoughts on today’s topics in Bitcoin in Brief? Tell us in the comments section below.  


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Bitpanda Adds IOTA – A Light in the Dark Following Coinrail Hack

BitPanda adds IOTA

Bitpanda adds IOTA: All incidences of hacking are unfortunate, but some more so than others. On the weekend of June 9th, Coinrail, a South Korean crypto exchange, was hacked. The Coinrail hack was so severe that all of the top 10 coins on the market are plunging today. Some coins are down because of it, and in reality, they should be celebrating.

Take IOTA, for instance. This virtual currency has some exciting news, but it’s going unnoticed because the masses are primarily focused on the aftermath of the Coinrail hack. 

We aren’t going to ...

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Another Venture! IOTA Launched the IOTA Lab This Week with AKITA

IOTA Lab

IOTA is a distributed ledger protocol, and it is one that is constantly exploring new ventures. Over the last little while, we have seen IOTA enter into partnerships with NGOs, and provide details on the Qubic. The company’s latest venture was launched this week. It is called the IOTA Lab, and it was developed in partnership with AKITA. 

The IOTA Lab Launch 

The IOTA Lab was developed alongside AKITA, which is a blockchain-based startup. If you’ve never heard of AKITA before, it is a startup that focuses primarily on making DLT more tangible. AKITA also wants ...

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IOTA Climbing After Volatile Month of May — Can it Continue?

IOTA News

IOTA is still climbing today, adding to its recent gains. This comes at the same time as many of the top virtual currencies drop in value—specifically, Bitcoin (BTC), which is now well below the $8,000 mark. However, it’s good news for MIOTA. This is because the altcoin and organization have had a bit of a slow month. At least on the market and on the announcements front.

IOTA | MIOTA Price 

IOTA (MIOTA) is currently selling for $1.87. This puts MIOTA up 5.02% in the past twenty-four hours. The climb comes after a month of volatility. ...

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Bitcoin Cash Price is Stable, But IOTA and Cardano Are Moving!

Bitcoin Cash News

Bitcoin Cash (BCH) price is continuing to trade around the $1k mark after recently hitting its one month low of $890 early this week. Market pundits are claiming that the cryptocurrency market has reached the bottom and now expect positive movement for the majority of coins. Indeed, some technical experts are suggesting investors should reduce short positions.

Head of the technical strategy at Fundstrat Global Advisors says, “We think the setup is very attractive here. If you’re short, we think you should be very careful and reducing your short exposure. I think if you’re looking to ...

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It’s Here! IOTA Releases Trinity Mobile Wallet; Coin Up a Whopping 17%

Trinity Mobile wallet

In what seemed like a lifetime of waiting, IOTA has released one of its most anticipated products. This week, IOTA released the Trinity Mobile Wallet. Respectively, the coin has been climbing on the crypto market ever since. 

May has been a pretty calm month for IOTA, but this definitely turned things around. The IOTA community has become increasingly more enthusiastic since the release. Granted, part of this enthusiasm probably stems from the fact that the release of the Trinity Mobile Wallet was long overdue, but hey, it’s out and people are happy. Really, can IOTA (MIOTA) ...

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IOTA News: IOTA Signs MoU with UNOPS

IOTA news

IOTA (MIOTA) has been slow out the gates the past couple weeks, but it looks like things may be turning around. It’s true that, at press time, IOTA (MIOTA) is down nearly 20%, but that’s probably due to the crypto market decline. Right now, there is some trending IOTA news, and it’s likely to only bring good things to the IOTA Foundation.

First, however, let’s look at some IOTA price news.

IOTA (MIOTA) Daily Chart 

IOTA (MIOTA) is currently selling for $1.43. This puts the coin down 17.12% in the past twenty-four hours. 

...

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IOTA News: New Partnerships, Qubic Video Out, Coin Down

IOTA news

IOTA News: It’s yet another sea of red today on the crypto markets. IOTA (MIOTA), ranked as the 8th largest cryptocurrency, is currently down nearly 10%. Why? Likely because of the overall decline that the crypto markets are experiencing. Most major virtual currencies are down. 

What happened with IOTA, though? Did the IOTA Foundation announce some IOTA news that didn’t sit well with the market? Let’s see what we can find out. 

IOTA (MIOTA) Daily Chart 

IOTA (MIOTA) is currently selling for $1.72. This puts the coin down 7.75% in the past twenty-four hours. ...

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IOTA News: MIOTA Up, Foundation Adds Member, Speaks at Berlin Event

IOTA news

IOTA News: The crypto markets are a sea of red Tuesday. All of the top-ten coins are currently down. That is, with the exception of IOTA (MIOTA).

The IOTA Foundation seems to be a platform that cares immensely about creating connections with crypto and blockchain communities. Not only creating connections but also teaching these communities about IOTA (MIOTA) and blockchain itself. IOTA (MIOTA) also seems to focus on expanding its foundation from within.

Maybe that’s why IOTA (MIOTA) is the only top-ten coin in the green today. Or is there another reason? Let’s see ...

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IOTA (MIOTA): Altcoin Kicks off the Week in the Red Zone

IOTA News

IOTA News: Both the crypto and blockchain sector have a big week ahead. Coins are doing fairly well Monday, with the exception of IOTA (MIOTA) and Cardano (ADA). Meanwhile, Ripple (XRP) and Bitcoin (BTC) are in the green.

For this article, we are going to be looking at IOTA (MIOTA). 

MIOTA Daily Chart

MIOTA is currently selling for $1.97. This puts MIOTA down 0.69% in the past twenty-four hours. MIOTA is classed as the 8th largest digital currency. It is behind Stellar (XLM), which is up 2.14% in the past twenty-four hours, and ahead ...

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IOTA (MIOTA): Big News, Big Losses?

IOTA Update

The crypto markets are a perfect sea of red today. IOTA is down in the double-digits, which may come as a surprise to some. After all, the foundation has had a pretty successful two weeks. 

The Latest IOTA News

On May 2, IOTA disclosed that it has joined the Mobility Open Blockchain Initiative. Then, on May 5, word surfaced that IOTA was the sole winner of a partnership with Porsche, a German auto-manufacturer. The altcoins foundation will reportedly be working with Porsche on a project, called the Program 4 project. 

The @PorscheLab is looking ...

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IOTA, Ethereum (ETH), & Bytecoin (BCN) Lead the Crypto Market

IOTA

IOTA, Ethereum (ETH), & Bytecoin (BCN) – The cryptocurrency market is riding the line today, as most coins are just barely in the red. The total market cap is currently hovering slightly over $430 billion. Bitcoin (BTC) is currently trading just over $9,000 and is holding around 36% of the market dominance.

Let’s take a closer look at the coins that are leading the top 20 today.

IOTA (MIOTA)

Source: CoinMarketCap

As you can see from the chart above, MIOTA had a sharp price increase early this morning ...

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Bitcoin in Brief Saturday: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA Trading

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA Trading

Today has seen the price of BTC rally to test $10,000 USD amid the bullish response to the increasing institutional presence in the cryptocurrency markets. In other trading news, fee-free exchange Cobinhood has announced the introduction of trading pairs for the ninth largest cryptocurrency by market capitalization, IOTA. In international news, Russian cryptocurrency Youtuber Pavel Makushin has been found dead in his apartment. The CEO of cybersecurity firm, Fireeye, has also discussed the challenges posed by cryptocurrencies in an interview today.

Also Read: Indian Investors Flock to Trade Crypto Ahead of RBI Ban

Bulls Test $10,000

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA TradingThe bitcoin markets have rallied in recent days, with the markets currently testing the five-figure threshold.

The gains appear to have been driven by indications of the growing institutional presence in the cryptocurrency markets, with reports indicating that Goldman Sachs will launch trading for bitcoin futures contracts “in the next few weeks.”

The bullish momentum follows bitcoin’s best performing month of 2018 – with April producing gains of nearly 47% after prices steadily grew from approximately $6,400 to close at roughly $9,400. April produced four consecutive green weekly candles for the first time since late 2017. As of this writing, the price of bitcoin is approximately $9,900

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA Trading

Cobinhood Introduces IOTA Trading

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA TradingCobinhood, a zero-trading-fee cryptocurrency trading platform, has announced the introduction of trading for top ten cryptocurrency, Iota. The introduction of Iota brings the total number of cryptocurrencies available for trade on Cobinhood to more than forty.

The chief executive officer of Cobinhood, Popo Chen, stated: “We are excited to continue our growth and momentum in the cryptocurrency space through the addition of Iota to the Cobinhood platform. Iota is a promising technology platform that will help to push the market forward, and we look forward to having them on our exchange on their journey to success.”

Russian Cryptocurrency Youtuber Found Dead in Apartment

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA TradingRussian Youtuber Pavel Makushin has been found dead in his apartment, as reported by RT. The 23-year-old, known online as Pavel Nyashin, had cultivated the persona of a cryptocurrency trader and amassed approximately 20,000 subscribers.

Mr. Makushin was the victim of a robbery in January, which saw 24 million rubles (approximately $38,000 USD) stolen from him. The Youtuber stated that the stolen money was not his own, and attributed the robbery to bragging of his wealth online. Mr. Makushin’s mother was reported to have indicated that the robbery could have led him to take his own life. Russian tabloid media is reportedly suggesting suicide as a potential cause of death.

CEO of Fireeye Discusses Cyber Security Challenges in the Age of Cryptocurrencies

Bitcoin in Brief: Bulls Test $10,000, Russian Crypto-Millionaire Found Dead, Cobinhood Launches IOTA TradingKevin Mandia, the chief executive officer of cybersecurity firm, Fireeye, today discussed some of the hurdles posed by the cryptocurrency phenomena in an interview with CNBC.

“From a cybersecurity standpoint, an anonymous currency has not been a great thing,” Mr. Mandia said. “It just opens up another avenue to monetize computer intrusions, theft of IP and theft of communications. So we deal with bitcoin from that angle and it’s just been a problem for us.”

Mr. Mandia described the anonymity underpinning cryptocurrencies as attracting some usage from criminals. “They’re anonymous currencies and that’s a very valuable thing,” Mr. Mandia said. “If you can commit a crime from 10,000 miles away, there’s not a lot of risk or repercussions to it. And if you can steal somebody’s email and extort that person in an anonymous currency, that’s a challenge for us.”

“You can’t just be good at network security or just good at endpoint or just good at asset discovery. You’ve got to be good at email security, endpoint security and network security. You want to bring it all together,” he added.

Do you like to keep your cryptocurrency holdings private? Or are you loud and proud with your crypto investments? Tell us in the comments section below!


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IOTA (MIOTA), Ethereum (ETH), and Nano: Gaining Ground

IOTA (MIOTA)

IOTA (MIOTA), Ethereum (ETH), and Nano grow today as we dig deeper into Qubic, regulations, and competitions.

IOTA (MIOTA)

IOTA (MIOTA) is currently selling at $2.58, which puts the coin up 20.69% in the past 24 hours.

IOTA is killing it today. What’s causing this coin to grow so much? It probably comes down to several moves.

Yesterday, IOTA announced that it would be joining the MOBI Alliance, a new mobility industry consortium aimed at developing Distribute Ledger Technology standards, pilot projects, and open source software tools. This may, in part, be ...

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IOTA (MIOTA), Cardano (ADA), and TRON (TRX) Continue to Climb

IOTA (MIOTA)

IOTA (MIOTA), Cardano (ADA), and TRON (TRX) continue to climb in a field of green in the crypto sphere today. What’s happening?

IOTA (MIOTA)

IOTA (MIOTA) is currently selling for $2.18, which puts the coin up 16.64% in the past 24 hours.

The IOTA Foundation has announced its participation in the creation of a new mobility industry consortium aimed at developing Distributed Ledger Technology (DLT) standards, pilot projects, and open source software tools. This new consortium is called the MOBI Alliance (MOBI stands for Mobility Open Blockchain Initiative).

The IOTA Foundation is ...

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IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

The list of crimes to earn the opprobrium of IOTA fans is growing by the day. Journalists who fail to pen fawning hagiographies of David Sønstebø and his team are singled out for persecution by IOTA acolytes. But it’s not just reporters who are blacklisted: anyone who tweets a link to an IOTA story – or who even likes a tweet – is also deemed an enemy combatant.

Also read: London-Based LBX Exchange Adds Bitcoin Cash to Its Offerings

IOTA’s Defenders Go on the Warpath

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”As someone famous once said, “The essence of propaganda consists in winning people over to an idea so sincerely, so vitally, that in the end they succumb to it utterly and can never escape from it.” It’s an ethos that a subset of the IOTA community have taken to heart. Last week, the Financial Times’ Jemima Kelly wrote about IOTA’s obsession with controlling the narrative. While no organization welcomes unfavorable press coverage, IOTA has gone to extreme lengths to penalize anyone who doesn’t toe the party line. In her piece, Kelly explained:

IOTA talks a lot about FUD (fear, uncertainty and doubt), a term adopted by the crypto community to refer to critical commentary. The acronym might also reasonably be applied to its own approach to dealing with critics.

She added: “IOTA’s ‘troll army’ – which is how its team of online disciples is often referred to as – have scared off some people enough for them not to want to speak out. Two people we asked to speak to for this story told us they didn’t want to because they were worried about the consequences of doing so. One was worried about being threatened with physical harm. Tim Swanson, founder of tech consultancy Post Oak Labs and a leading authority in the space, told us he undid a retweet of a story that was mildly critical of IOTA because he felt intimidated by…a senior person from the IOTA team”.

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

Liking a Tweet Is Now FUD

Jemima Kelly wasn’t kidding about sharing a tweet being grounds for referral to IOTA’s Politburo for Public Enlightenment, better known as Tangleblog. It is here that the most egregious thought crimes are called out. According to the blog’s author, for example, Zcash founder Zooko is guilty of spreading FUD by tweeting a link to Kelly’s FT article. As if that wasn’t heinous enough, Grayscale Investments had the temerity to like the tweet, which is apparently “breathtaking” and part of a “dirty agenda”.

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

The list of organizations that IOTA and its army has called to boycott is too long to list, but includes Bitcoin.com, Coindesk, and The Next Web, whose lead journalist Mix has earned particular ire, and to his credit made a point of regularly prodding the IOTA beehive with scant regard for the consequences. When journalists get out of line by reporting the news, or Twitter users overstep the mark by sharing tweets, IOTA’s enforcers follow a predictable pattern.

Anatomy of an IOTA Attack

The first strike usually occurs on Twitter. The writer of an article such as this one will be sent veiled threats, told that they “aren’t a journalist” and ought to know better than to “spread FUD and misinformation”. If the writer has committed any minor infraction in the past – tweeting support for a now defunct cryptocurrency; composed an embarrassing personal blog; been pictured in an ill-advised Christmas sweater – this will be dredged up and used as ammo. It’s a dirty war and anything is fair game.

Next, the comments section of the article will fill up with copy pasted complaints as IOTA’s troll army goes into overdrive. With a publication such as news.Bitcoin.com, it may be suggested that the company is motivated to “FUD IOTA” because it fears that bitcoin is threatened by IOTA’s superior DAG technology. Or perhaps the writer is salty because they didn’t buy IOTA when it was 20 cents. While some journalists and researchers refuse to be cowed, others drink the Kool Aid, undo their retweets, and refrain from all public discussion about IOTA in favor of a quiet life.

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

It was Joseph Goebbels, for the record, who said that quote at the outset. “The essence of propaganda consists in winning people over to an idea so sincerely, so vitally, that in the end they succumb to it utterly and can never escape from it.” Inside IOTA’s Reichsministerium für Volksaufklärung und Propaganda, the education of the masses has only just begun.

Do you think a calm and reasonable debate will ensue in the comments section for this article? Let us know in the comments section below.


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Ripple (XRP), IOTA (MITOA), and NEO: Down, Down, Down

Ripple (XRP)

Crypto is down today and it’s a harsh sea of red out there right now. Ripple (XRP), IOTA (MIOTA), and NEO are some of the top ten’s biggest losers today.

Ripple (XRP)

Ripple (XRP) is currently selling for $0.801293, which puts the coin down 13.26% in the past 24 hours.

Ripple (XRP) was climbing up until about midday yesterday when the coin began to drop off.

Good things are happening to Ripple, despite its coin being down right now. The UK-based payment platform Revolut will be adding XRP to its platform in ...

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Cryptocurrency Market Surpass $420 Billion As Altcoins Shine

Cryptocurrency Worth

What is the total market of Cryptocurrency worth right now? It may surprise some to hear that the market cap has exceeded the $420 billion level for the first time in seven weeks: the emerging coin market has increased at a robust pace over the previous two weeks driven by prompt growth in altcoin prices. The traders are attributing the bull-run to the end of tax season and increasing confidence in cryptocurrency markets.

Bitcoin price rose almost 50% since the start of this month; expanding its market capitalization from $111 billion to $156 billion at present. ...

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Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

The cryptocurrency markets have enjoyed a strong week, with BTC, BCH, and many altcoins generating significant gains in recent days. There is considerable uniformity shared among major altcoin markets, with many cryptocurrencies recovering to test the 0.236% retracement areas after breaking above descending trendlines.

Also Read: Kraken CEO Condemns “Hostile” Questionnaire Issued by New York AG

BCH Gains Over BTC

Whilst bitcoin (BTC) has made gains of 10%, this past week has seen Bitcoin Cash (BCH) perform with considerable strength, ramping up to gain nearly 50% against the dollar in just 7 days. Yesterday, the markets surged past resistance at $1,000 USD, breaking into the four-figure threshold for the first time since March. As of this writing, BCH appears to be consolidating above $1,000, with current prices sitting at roughly $1,080.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

When measuring against BTC, BCH has gained 40% in a week – bouncing from a low of approximately 0.092 BTC to the current levels of roughly 0.13 BTC. When measuring from 2018’s high of 0.25BTC, BCH is currently consolidating at the 23.6% retracement area. Bitcoin Cash is currently the fourth largest cryptocurrency by market capitalization, with a total capitalization of approximately $18.5 billion according to Coinmarketcap.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

Altcoin Markets Begin to Reverse During April

After months of sustained downward price action that saw many markets lose upwards of 80% – 85%, many altcoins have produced substantial gains over the course of recent weeks after breaking above major descending trend lines against both BTC and the dollar. Many markets are now testing their respective 0.236% retracement areas when measuring from 2018’s highs.

The second largest crypto by market cap, Ethereum, has made gains of approximately 60% over the last fortnight, rallying from the local low of approximately $370 USD during early April to test the $600 area in recent days. After a strong initial bounce, ETH has made consistent gains over the past week, gaining approximately 20% in the last 7 days.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

When analyzing the ETH/BTC charts, we can see that ETH has gained roughly 28% from April’s lows of approximately 0.054. As of this writing, ETH is testing the 0.236% retracement area of approximately 0.069 BTC and boasts a market capitalization of $59 billion.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

Ripple Among Top Gaining Markets

Ripple is currently the third largest cryptocurrency with a market capitalization of $33.25 billion. In the last two weeks, XRP has made significant gains of over 80%, rallying from a low of $0.45 to test resistance at the approximately $0.90 area. As of this writing, the price of XRP is roughly $0.86.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

When measuring against BTC, XRP has bounced by approximately 40% since it’s April low of approximately 0.00007 BTC. As of this writing, XRP is consolidating just below the 0.236% retracement area of 0.0001, when measuring from Ripple’s early 2018 record highs.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

Top Ten Crypto Markets Produce Significant Gains

Coinmarketcap’s list of the top ten cryptocurrency markets by capitalization has remained fairly steady during April, with all leading altcoins markets posting substantial gains.

EOS and Litecoin have been vying for the position of the fifth largest crypto market, with EOS leading with a nearly $9 billion market capitalization as of this writing. EOS has gained almost 90% in just two weeks, quickly surging from below $6 to the current price levels of $11.15. When priced against BTC, EOS has gained over 45% in the last fortnight, with current prices at around 0.0012676 BTC, and is currently testing a key resistance area.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

Litecoin is currently the sixth largest crypto market with a total capitalization roughly $8.4 billion. In the preceding fortnight, LTC has gained over 30%, bouncing from $115 to $150. Measuring against bitcoin, LTC has made modest gains of roughly 10% from it’s April low. As of this writing, the price of LTC is approximately 0.017 BTC. LTC is the least correlated of the major altcoin markets, having spent the majority of 2018 channeling within a 30% when paired against BTC.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

Cardano, Stellar, and IOTA Double During April

The price of Cardano has nearly doubled during April, with the ADA markets rallying from a low of $0.145 two weeks ago to now be testing resistance at $0.285. ADA has gained roughly 47.5% over BTC in the last fortnight, bouncing from roughly 0.00002200 BTC to the current prices of 0.00003250 BTC. Cardano is currently the seventh largest crypto market, boasting a market capitalization of $7.4 billion.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

Stellar has also nearly doubled during April, surging from a low of $0.19 to test current levels at $0.37. When paired against bitcoin, Stellar has gained roughly 46.25% in two weeks, bouncing from 0.00002900 BTC to 0.00004250 BTC. Stellar is the eighth largest crypto market with a capitalization of $6.91 billion. Stellar rallied as high as the 0.618% retracement when measuring against BTC, and is now consolidating at the 0.5% retracement area.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

IOTA is currently the ninth largest crypto market with a capitalization of $5.25 billion. IOTA has doubled in two weeks, bouncing from $0.095 to the current levels price are of $1.89. IOTA has gained 49% over BTC in the last fortnight.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

NEO has gained 60% in two weeks, bouncing from roughly $46 to $74. Against BTC, NEO has gained 25%, rallying from 0.000675 to 0.000847. NEO is the tenth largest crypto market with a capitalization of $4.8 billion.

Markets Update: Altcoins Rally During Week of Bullish Action for Crypto

Altcoins Are Back?

Markets Update: Altcoins Rally During Week of Bullish Action for CryptoAlthough the cryptocurrency markets have produced impressive performance during April, whether or not the markets can sustain the bullish momentum in the medium term remains to be seen.

With so many altcoin markets breaking above descending triangles and rallying to test the 0.236% fibonacci retracement areas, many analysts are waiting for the markets to pull back and produce a higher low on larger time frame charts before proclaiming that the first altcoin season of 2018 is indeed kicking off.

Do you that the altcoin markets will continue to rally in the coming weeks, or are altcoins just experiencing a dead cat bounce? Share your thoughts in the comments section below!


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The post Markets Update: Altcoins Rally During Week of Bullish Action for Crypto appeared first on Bitcoin News.

Ripple (XRP), EOS, and IOTA (MIOTA): Ending the Week Strong

Ripple (XRP)

After a good week on the crypto market, Ripple (XRP), EOS, and IOTA (MIOTA) are ending the week on a high. Here’s what’s happening with these coins.

Ripple (XRP)

Ripple is currently selling for $0.862494, which puts the coin up 16.12% in the past 24 hours.

XRP has grown by 26% in the past seven days and Ripple supporters are coming out in full force. There are chatters circulating the crypto sphere with hopes that XRP might finally be on its way back to $1.00 and beyond. What do you think? Will XRP hit ...

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